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3. To place •nd continuously keep on the bui:d~ngs now or hereafte~ ~~tuate on said ~and and on alt equ~p~nent ar~d persona!~y covered by this malg-
ag~, wilh afl premiumt thereon pa~d in full, lire insur~nce i~ ~he us~al tfandaid pollcy }orm, ~n s aum aHpro~ed bt the MUk~G:~.GEE, a~~d w~nds~orm
fnsurance in ~he usual standard pol,q form, io a wm approYed by ~he MOR?GAGEE, in such canpa~~y or co~~~~ ames as the MORIGAGEE may }
d~red; and all (ire and w~nrl~torm inswance policies o~ any of sa~d b~ild~ngs, any intereit the~e~n or part thrreol, in rtu agg<<gare wm afo~esaid or
in extess Ihereof, shall contain the ~aual s~a~~da~d mortgegee clause oi such oihe~ deuse as ~he Mortgayee may requ~rs, mekmg ~hr iws vndar s~~d poli-
c~ea, each and every, payabl~ ro said MORTGAGEE as ~q iniereu may appear, and each ai,d every such ~w~~c~ shall be promp~iy ass yned a~~d det~~er.:d ro
any hetd by said A10RTGAGEE as (urrhrr security to said mor~gagn drbt, a~~d, not less than ten 1101 d~ys in ad+a~ue of ihe expirat~on ot euh pol~cy, to da
Gver to seid ASORTGAGEE a renewal thereof, IogNher wi~h a receipt for the pre~>>~~m of such rrnewoF; a~~d ~here shaR be ~w Lre o~ w;~~dito•:n ir.s~rance
placed on any of aaid buildmc~s, any ir,terest Iherein or part thereof, un!esa in ~he form and N~~h ~he loia payabte as a~oresaid; and in ~he event any sum ;
of money becanes payable unde? such policy a polidos said MORiGAGEE sh.ill have ihr op~~on ro rc~~ive .,~,d ap~~(y ~~ie ~arne on accou.~t o) the ~~~debtrd-
ness secured he~eby or ?o permit said MORTGAGORS ~o rcce~ve and use it or any pa~t ~t~r:cof fo. o;~,• r F,;,~; cs~~s, ..~~~~o.:t th,~, o: cr ~~r~p.•~~•
ing any equ~ry, tien or right under w by virtue of this mor'gage; and in the avem sa d MO~T(;AGORS sAal: to~ any rcason fail to krep the sa~d premises so
insured, or fail to deliver promptly any of said pol;cies o1 insurante to said MORTGFGEE, e~ f~~! p~cm~nly to pay tui:y any pre~~~,um fher~~for or in a•~y
reipett (a~t b per(wm, discharge, execure, e(fed, complete, comply with and abide by th~i cove•un~, or any per~ hareof, sn~d 1duRi~•AGEE may p+ace a~+d
pay lo~ zuth insurante w any parl thereof without waiving w affecring any opt~on, lien, equrtY, or nght unJcr o~ by vufue o1 ~hts Mortgage, and ihe
full amouN of each and e~my such paymero shall be im~nediately d~e and payabte and s~+ai! b~~ar inter~s~ from ~he date ~hercof w~t~l pwd at !i~e rote ol
n~ne pe~ cenrum per annum and to~rther with such intr~eat shaii be src~red by the I:en of th~s martgaya.
1. To ptrmit, tomrn~t or sufter no waste, impairment w detrriorat~on of sa~d propeny or any part the~eof.
5. To pay all and singular Ihe cos~s, charg~s and expenaes, induding a reasonable atrorney's fee and cozfs of abstraUS o( t;t!e, incu~r~d or paid at
any time by said MORTGAGEE, betause or in the event of the fa:lure en the pa~~ of ~he said MORIGAGOR to duiy, pro:nHtly and fu:~y perform, d~scharge
execute, ef(ect, complete, comply w~th and ab:de by sach and eve~y ~he stipv~a~~ons, agreen+~•nrs, conJ~t~ons, and cove:~.~~~rs of s.,~d pran~,sury note a=~d th~~
~,o~tgage any w e~~her, and sald costs, charges and expensrs, each ar.d every, shaq be im~n~d~ate!y due and p3yaL,e; whrrhe. os r.o+ ther~ be na~ce d~-
rnand, attempt to co~tect or suit pend~ng; and the full arnount of each and eve.y such pa,~„~•ni shali bea~ ~nf•:res~ from ihe dare thereof unril pa~d at the
!~tc` pf nine ~er cenr~~n per an~~u:n; an~ all said cos~s, charges and ea~i~nscs •ncurred or pe~d, ~o~c~i~rr wah such uate~rst, shaU be sz~cur~d by the I~en of th~s
matgage.
6. That (a) in the evero of any b~each of th~i Mortgage or defau!r on t1,e part of fhe ,V.ORiG:1GG`R, or ;b) ~n the event any of sa d sums of money
herein reEerred to be not promptly and fully paid within th.~ty ~30) days oe¦~ art-~r the s.,~ne nr.cra'ty hecu ~~e due a~zc! payab!e. N~1`1JU1 de~nand or notice,
or (c) in the event each and every the s~~p~~ations, agreements, tond~tions and covenams o1 sa.d pronuswr y no:~~ anJ ~h,s RtOft939@ any or e~~h_r a~e not
~uly, promptly and f~lly pe~fornied, d~scharged, executed, effected, completed, compi~ed with and ab~drti ~y, then in e~~her cr any such event Ihe sa~d ag
9~egate sum rteentioned in said promistory note fhen re~nain~ng unpa~d, with inte~est aa~ued, e~+d a:l monr~s secureJ hcreby, Shall brco.ne dve an~l pay
ab;e lorthwi~h, ar thereafter, at ~he option of said MORiGAGEE, as ful{y and comp;e~e!y as ~f aI; of ih~ s~~d wnu of money vvere or~g~na~ly snp~tated
!o be pa~d on wch d:.y, anything in sa d p~an~ssory note o~ in this Mortgage ~o the contrary noT.v~!hsta~~d::~g; a~~d ~hereupon or there~+fter at the opt~on of
sa~d MORTGAGEE, w~thout nonce or demand, suit at law w in equity, there4ore or thereatrer bcgun, may be urosecuted as if afl moneys srt~red hereby
had matured pr~ar to ~ts ~nstitution. -
7_ That in the event that at the beg~nn~ng oi or at a~y tfine pendfng any suit upon th~s Mo+tgage. o. to foreclose it, or to reform it. or to enforce
payment of any cla:ms hr~e~nder, sa~d NIORTGAGEE shall apply to the Co~tt having ~ur~sd.ctwn thr~eof tor the appo~mme~t of a Receiver, such Court shail
forthwith appoml a ~ece~~•e~ of sa~d mortyaged prooerty all and sing~lar, inctud.ng and s~:~gutar ihe intome, p+o~~t3, ~SS~es ar.d ~even~es irom whetever
sc~rce derived, each aod every of ~nh~ch, d be~ng express~y undrrstood, u hereby mortga9ed as if speu(etetty set forth and describrd ir, the granting and
habendum ctauses hereo!, and wch Rece~ver shall have aIl the broad and efiecr+ve funu o~~s and ~owe~s in anyw~se emr~sred by a Cu~rt to a Receiver, and
s,.ch appo~ntment shafi be made by wch Court as an ad~~utted equity a~d a matrer ot abso:~rr r~gM ~o sa~d MORTGAGEE, and wrth~~t referen:e to the
a:i:quacy o~ inadeq~acy of the va:ve of the proper!y mongaged or to the so~vency or ~nso!ver.cy of sa~d MOR~GAGOR o~ the deir~,dar,rs, and that such
~e~n, profits, inca-ne, iswes and ~evenues sha{i be appi~ed by such Recr~~er accord~~~y ~o ihe ~~e~ or eq~~ty of aaid MOkiGAGEE ard the prac~ice of such
Cuurt.
i
8. To d~!y, promptly and ~uliy pe~~orm, distharge, exec~te, effe:t, complete, comuly wrth and ab~de by each and e~ery the stipu~at~or.s, agreementa,
cortd~tipns and covenants sa~d promissoty no*.e and ih~s mertgage srt forth.
~ 9. That in the ev~nt the owrtershlp of the mortgaged pren,~ses. or any part thereof, becomes vested in a pe~son other than the ~tiORTGAGOR, the
MORTGAGEE, its wccessors and assgns. may, without nohce to *he ~\10RTGAOR, deal vvnh sucn successor or s~:cesso~ in mterest with reference to thia
~•ortqage ard the d,ul hereby sec~red in ihe same manner as v`ith :.".ort~3gor w~tfioul in any ~vay v~t~ating or d~scharg~e~~ the fdcrtgagois' liability he¦e-
under or ~pon the debr hereby secured No sa:e of the p,emnes here~y ~~o~tgaged ard no forbeara~,ca en the pan of ~ne /AG2ii;Ai,EE ar its s~ccessors
cr assigns and no exte^s,o~ of the r.me tor rhe paymen~ ot the deb+ hercby sewred g~ven by the MOR?GAGE`_ or ~ts svccessors or ass:gns, a~~all operate
ro re~ease, d~scharge, mod~fy change or affect the o~ig,nal Gau.i:ry of ~he K.ORTGAGOR Fere~n, either in vvho~e or in part.
10. !t is spec~ficatly ag.eed that tir:~e is of the essence of rhis contra.t and that no wai.er of any ob~~gat~on hereunder or of the ob!igafion se-
,~;ed hereby shal~ a~ any time thereaher be hcld to be a wa~Yer of the terme hereof or of the insrr~mem secu~ed he•by.
I1. In add r.e~ to the foregc ::t •:~onth'y payments oi p~c~c pai and i:~t~res~ re~~~red by the }:•c~., rcry r,e'e sr~ ur~>d h~r_br, morty~yor covenants
i^3 agrces +o ;:ay ro n~ortg.igee :v~h eacn momh!y pa~~.eent ar. add.~.onal s~m est * a!ed b~ mort3~ger to be equa~ ro 1 12 of i:~r an,ual cost of the foliow-
in;~:
~ A-A~l rea~ property ta,czs ~e•n_~ or assesscd ag3~•~.st ~he abo.•e desc~ibcd r•:al es*ate
•r B Fr_~•~ ~s on fr~ and :r~r.dsto•m imvrarce as nere~n rGl red to be car.~rci cn the .rr; ruve~r:e,zts s:rvate on th~ above d=sc~~hed premises.
~ C-Pre~n:oms o~ such mortg-ge gua~anty irsvrar.te as mort~a3ee sha~l 4ror^ r n,e to :~me drem fit to tarry on ihe !oan scwr~d hereby.
F 1Vlortgagee sha `•.~•n h::ie to Kn~e nc~~i~ mortgago~ ~n wr~t~ng of fhe a:r.ovnt due and payab!e here~mdrr and such s~~~ sha~I tharc~pon be due and
~ avab:e on thr r.,;r c.,~e of ihe n~ct manth:y paymcnt ond e.~ch s~ccessive ~zo~th thc:eals,r u::t~~ mcrtgagee sh.~:f not:fy rno:tgago~ ot a cnan~e in wch
e• oum_ $uch s~^•s s- oe appl:ed b~ mortgag~=e to~naro the payment of rea' preperty t~,ces: insvra.ue pren,.ums. and mcrtyage g~aranty- 1nsu:ance
;~~emivms.
4 iN \'lITNc"~S ::H~~;OF fne sa~d MORiGAGOR hzs herevnto set his har.d and seal fhe day and year f~rst afuresa~d.
5~ ned, Sea and d'' red ' the esence oi: ~
i 9 w FILEO ~ND RECOROED ' ~
` - ( " ST.IUCIE COUtfTY flA. / ~ ' ,~,_„Kyfi (~aq
' - ROC'c~ ~OITRAS ar c~s ~~s~ ~
' CIERK CIRCUIT COYRT «a~~
q ' ~ ' RECORD VfF.I~lEO~~ „ ~v
~ ~ /J~u~ , 1~~~ (Seap
hi~ t'ga t • . vPSt {$eaq
s - -
~ A~R 1 I I o6 AM'T I
~
~TATE OF FLORIDA ~
~ c~un,r~r oF St . Luc ie 2 715 ~
& Befo~e me persona11y appeared _ Cha r1e5 F. 4Vp5t O _ snd
~ _ iNar~Iar~'t F. ~~~L'St his wife, to me well kn~wn and known to me to be
~ rhe ind;vidusis descrSbed in and who executed the forego~ng instrumero, and acknowledged before me that they executed ~he same for the purposes
` rhe.ein eapressed. And the said___ ~-t1Z T 1 PS F, l~'eS t
~ H~fe of the sa~d _____'?a ~a ret F~ WeSt upon a separate and priwre
~ e.am~nat~un by me tak~n separate and apart /rom her sald husband, acknow:edocd to and before me ihat she exetuted said inst~ument free'ry and volum
~ ran~y and w~tho~t any comp~;sron, constraint, apprehens:on` Or fear of or from her sa~d husband.
~ `L- A r i 1 ~
_ WITNE55 my hand and offic~al seal this__ day of________ ~ A. D. 19-_~
- tC-~-~~- - c
~ Notary Publk in and /w the 5°ate of Florida a] Larye
t, My Comm~ssion expires: ~ f~
Rerum Tor
first Feder~l Savings a Loan Aasociahon ,•'f_ ?.j,'~•, #
~ Of For! P rr~,. :~(`~r~......; V j,~', }
_ v. .y ~ , ~ -
~ Fort P~~~ce, F!. •Jj ` f - '
-
_ K ~'•.r
~ ~ ~ ~
_ • t~".~; g : ~ ~ : _
This Instrument Prepared By ~ ic ha rd K . K ~+yc s ' ~ ~ , ~ ~ ;
First Federal Savings 8 loan Association l~
M: t'7 ~ r-i ~a _'-.~•'•v ~ Q,'~..'•~'•.
~F of Fort Pierc~
QF 5~
,
Checked By
_ BUUK 19 15 . ~
~ l 14
~y L ~
is ~
4',
a~.w`v~.r . - _ . _ . y'.