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9. To plete and tontinuously keep on tht b~i'd~~~pt now or heree(~er fituate on sa~d ~and and on ali eq~~~~~~+enr and perlon~;l y tovered by thi~ mong-
egs, w~rh •11 promi~ms ~hereon pa~d ~n i~11, I~re insuro:~<e +n ~he u~ust tranderd po!~cy form, in a w~r~ a~.~au~ed by ~hc A1uri:;::~GEE, a~~d w~:iJt~u~~n
~nsuronCe in lhe usual stundard pol,ty to~m, ~n e w~.~ a{.p~a~ed by the MURTGA:~tt, in w~h comF,any Or con,~>a~ue3 .+s the t.'.ORf'vAG[f may 5
d~rect; snd alf (ire and w~ndslorm mswance pofic~es or~ a~y of iard bvdd.ntJs, any inre~eit t1~rr~~~n or parr thercoi, in Ihe aggn.y,~a sum sfores.+~d o~ `
in l~Cei1 fhrreof, fhdl) cpnta~n lhe ~sv~l 7tacclart/ mOrtyeyre ciaut! Or such othe~ t~euse as the hlu~tya~.~ce m,ty ieyu~~e, maA.ng fl~e ~ois ~nder la~l~ {w~a t
c~rs, eath and every. payobip ro smd A10RiGAGEE as ~If ~nlrresl ~nay appea~, and eacli ~~:d eve.y s~~<h p~:~c~ sl~.i!! be {,~o,n~,tiy eu y~~cd o~~cl d~:~r,,•rcd ~o ~
eny held 6y fa;d AtORlGAGkE as (unhor secui~ty io sa~J ~~~o~~g.+ye d~•o~. a~,J. not Iess tl~an ten ~10~ d~,~ .,d.e~~.e o} ~1~r e.E,~r,~~w~ oi ~_ech yut,cy. ~o de- ~
~~~er 10 sdid A10RiGAGFE a renewal thereof, toyelher with a te~ce~pl for the premwm oi iuch ~e~~~•n.~'; •~~~d Ih~•~e s~~eli be no i,~i• wu~dnto+~n insuronce
placed On any 01 s.+~d bu~td~nys, any ~ntcreff Ih~ro~n or parl 1l~ereo{, un!cfs ~n the lorm and w~th Ihe loss e~ay.+i~!e as a~c~esaid: and in the rvnnt any 4.q1
of money becomea puyable vnder wch pol:cy a po6ues s~:d MORTG/~GEE sF~.~~I have ihu o~~r:un fa rec.:~tv d.,;.~:'~ tha sa~~~r on etcou 0 of ihe h~debl.,'•
~~eas aet~red htrcby or ro pem~~t sa~d MURTGAGORS to recv~ve and use it o. n:~y ~~.•~t ~I~~~:,,of r, . or~ ,_i. s .,.~~.•,::r ~h u; ,.r 4
~n~ tny eqwty, l,en or r~ght under or by virtue of thif mo:!gaye; ond in ~he evrnt aaJ A1pRfli.~GOR; s6~.~ :or sny rc.~son lait to krrp ihe sa~J prem~s••t so +
~~~sv~rd, or fa11 to drlrver pr~n+ptly any of sa~d poheies ot insurance to sa~d h10R1GA(;tE, or t.~~: ~.r~.~~:~,r~~ to ~ ay iu.ty arr~ ~,~e.~~:~ n thorrtor o~ ~n a~~y
rrspec~ (ail Ic pertorm, d~siherye, execute, effect, completr, canp~Y w~th end ab~de by this cov~•n~•,t, or a~~y ,~.r,t ht~.•oS, seid NtvRi;,,1G'.t ~nay p~ac~ e•~a
pay fw futh in~uranct or sny part 1h~r~of w~Ihw:t.waiving or affe:ting any Optipn, ;~eri, equny, or r.~l,r u~~d~•. or by v~~lue of ~?us Mo~+g~yr, end the
tuu emount o! each and e~ery avch pey~T~~nt shall be ~m~nediete(y d~e and peyable a:~d sh,,:i brar i„t_•r: sr h~:~n tho d~re ~h, rcof un~~l ~,,,~d a~ the ~e~e ol
n;ne per cen~um per a~n~~n and to:~~•thrr v~ith s~ch inte~asl sha~~ be s.c~urd by the I~en oF ih~s n~ortyag.~.
1. TO permit, eOmm~t O~ Sufler ~o waste, impairment or dctcr~o~ahon of sa~d prope~ty or any parl lherrof.
i
5. To pey all and sing~lar ~he costs, tharges snd expenses, mclud:ng a reasonable atiorn~y'a ic•,~ a~~d eoi+e o1 abivacts of t~t:'e, incvrred or paid at
eny thne by faid MORIGAG`.E, b!~cause o~ in the event o( ~he fa~lurc an tl~e parl ot the said M:JRiGAGUR ro duiy, promptiy a~~d Eu:ly ~:~r{07in, d~uharge,
exrcute, e(lect, cr~nplrro, canply wah and ab.Je by each and every the snp~iat~ons, eg~e~~~.~r~~ts, cond~trons, ond tove:~ant~ of sa~d pro~r,;,sory note end ~h~s
~~urtgage any or e~~he~, and sa:J coars, charges and expenses, each ar~d every, sha~f be ~mn~cd~ntefy due and F•ayab:v; v~hether or n~r ~h~~~ ~ ao~~cr d_-
~nand, attempe ro colt~t or su;~ pend:ng; and the futl amo~nt oi each end e~e~y such pa fmrnt sha!i Lra~ „~rerri~ from the dare thereof um~l pa~d at the
~.~}e o~ nine per crnt~m per an.w ~nc.' 011 ;aid costs, chargra and ex~ei~ses rrxurrrd or pa~d, toycther wdh suth ~ntrrett, shali be secured by Ihe (~en Of fh~f
mortyaye.
6. T1uf (e) in the event oF any b~each oI this 1No:tgage of dei,~~h on the p.~rt of the MORTG~G!~R, or ;b1 in the event any of sa d sums of money
hcrein referrrd to be not pron+ptly and I~IIy paid w~ihin th,rty ~30) d.+ys neat a•t•~! the e.~me sc.er~'.iy bci~•+~e d.~c d~l(I ~J~3I)~C, w~ihout demand or not~cc.
~c) in the event each and every the atipuianons, ag~eemeny, cond~nons and co~rr,ar,rs of sa J pro+>,~ssw y nofc ~~~d th.s morigagr any or e~~her are noi
iu!y, p~omptty dnd 1u!fy prrfo~med, d:scharged. e~etvted, effected, canpleted, com~,t~ed w~th m~d ab,ci.-d Sy, then ~n enher o~ any such event the sa~d ag
~~egate sum mentfo:~ed in se~d pro~nisso~y nure then ro~na~ning ~npa~d, with irtr~rst occruc~l, and a;f ~nonc,s iecu~ed hereoy, shail beco~ne due and pay-
nt~.c (orehwith, or thcrea!?e~, at rhe opf~on uf ie,d h10R1GAGEE, as fuUy a~x! cempirtcly as ~1 ail of ~~~c se,d s~+»s oi money were or~g~nal:y s~~puiated
be pa:d on svch day, anything in so d pro:n~ssory note or in this Mortgage to the tontrary not.v~thslane~:ny: a.'d th~reuport Or thcreefter at the ophon o(
s~.d MORTGAGEE, w~thow not~ce or demand, sv~t at law or in equiry, therefore or ~l~eieofte~ bcgun, may be Nroscc~ted aa if all moneys secured hereby
n.:J metured pr~or to ~ts inst~tut+on.
7. That in the event ihar at the beginn;ng of or at any t~me pendl~.g any surt upon thn Mortgage, or to ~oieclese it, or to ~eio~m i~, or to enEorce
F~ayment of any cia~ms he+eundrr, sa~d h10RTGAGEE sha~l apply to 1he Co~rt hav:~~g ~~r.scLcrwre th_~~eoi fo~ the ai~po~ntrnent of a Receiver, such Court shaii
io~rhwith appo~N a rrcc~~er ol sa~d mortgayed prooerty all and singv:ar, incl~d ng a;t and s~ngu~a~ the incan,e, piof~rs, iasues and reven~es from whatever
s.~u~ce dr~~ved, each a~~ every ol wf~:~h, ~t 1,e~ng expressiy ~ndr.siood, ia hereby morignged as ~f sz~e<,f~c.+i:y aet lo~~h a~d dr.icnbed ~n the g~anqn3 a«d
!_jt~end~m cta~ses hereef, and such Rece+ver shaU have all the br~ad and elfeu:ve f~nr• o~n .+nd ~wers +n anyw~se entr~sted by a Co~~t to a Rece~~~r, a~.d
s. ;h appointme~>> ahait be ~,,.~de by svch Courr as an adm~nrd equ~iy and a matter oi a!xe~u}e nght to sa~d MORiGAGEE, aRd wnhout reference io the
a.1:~,~vacy o+ inadequacy ef the va:ue of the preperty mo~tgaged or to th~ so.~rncy or ,r,io:.rncy of se~d ltOkiGAGOR or the defe~~do~rs, and fhat such
~~~^•s, piot~ts, i~xo.ne, ~ssues and revcnues ahali be appGed by such Recr~ver ac.ard,~:g to fhe i~en or rquny o1 sa~d MORTGAGEE and the praaice of svch
lJ:/ft.
S. To duly, prompi:y and fvily perform, discharge, e~cecute, effecr, comp~ete, compfy w~~l~ and ab~de by each ard every the at~aular:ons, agreemeros,
c. ^d~t;ons and covenants ~n said promissory no!e a~2d inls mortgage srt torth.
9. That in ihe eve~t ttie owne.ship of the morfgaged prem~ses. o. an~ part thcrcof, F,ecornes vested in a person o~her than the MORTGAGOR, the
:',vRi(~AGEE, irs wccessors and assigns, may, without nofice to the ~SpRTGaOR. deal w~th such successor or successor in ;nteres~ w~th re(r+ence to fhn
^~~-~gage ar.d fhe deu~ hereby secured in the same ma~~ner as with ~.lwtgago~ w~tFeout i~ any ~•ay vit.ating or d~sct:arying the Idortyegori liab~hty here~
.^der p upon rhe debt hereby secvred. rJo sa(e of tne F~e~uses h:rebr ~no~~gaged and no forl,eara~ue o~ ~he pari of the /AORiGAGEE o+ its svczessors
c essigns ant! no exte~sio~ o{ the Ame fw the paymenr oi ~he debr hercby secwed given by the MORTG<1GE`_ or its successoro or ass gns, si~all operote
re release, d.xharge, modity change or affect Ihe cr~g,nal liau;~~ty of ihe MQFTGAGOR here~n, either in whole or in part.
10. h is speuf~caiiy ag~eed that time is o` fhe essence of th~s conr~acr and that no waiver of any ob~ gaf~on hereunder or of the obligation sr
c:,red hereby sha!t at any time rhereaher be he;d to be a waive~ of the ter.,,s hereo! or of the insnumenl setured herby.
i 1. tn .::id t:o~ ro the foregc <<g rcenth!y i;ar'*'=•~~s vf pr;~r ;~3~ and in+rres! reqv~rcd by the y~rom scry no~e secu.ed hereb~, mor~a~or covenants
~••d ag~res to ;.ay to ~•;o tgigee v~~!h each mon*h'y pa~~aent an atid:~wnal sum ~s~ a+ed br mo*ty,~gee to be e:iva: to 1. 12 of ti~e annual cosr of the fo~low-
A- A!! rea! Froperty ta,~es le•ned or assescrd aga;•,st ih•_ above desv~~~ d rea! esrate.
6 Pr ~~,:•u ~s on fhe and wir.dsto•~n msurar.ce as hereln +cqu~.ed to be carr.rd cn the dmrroveme~ts s;tvate on thr above d:zcr~bed premises.
C-Pre~~iu•r~i en such mon~ ~ge guarar,t~ msura~ ce as mortgagee sh~1~ frc•*~ t~ne to nm~~ deem fit to carry on ehe loan secured hereby.
Mor!gaqee s~~': '~c•n !~~ne to tc.Te n~t~fy ~nertyager vcrinng Of the a~~ ou~t d~e ard payable hereundar and such sv~~ shail the~euE;on be d~e and
:~,ab!e on rt~z d~e carA ef rhe ne,cr r:~o~th:~ pay~~•ent and each wcceiz~ve mo~~rh thereaft~r ur.fii mortgagee sh3ii notify mort~ayor of a change in such
~ ount. Svch sv~r.s sF~ ! ~e ap;. ~ed by mortgag~:e to~nard the payment o4 real property i6~ces, ms~rance pre~r..ums, a~~d morigage gua+anty insurance
.~•imiumS.
iN Y11TNF_S '..'4fStif~F the sa~d MORTGAGOR has hereunto se! his hand and seal the day a '~year first aforesaid.
. Sign . Sea:ed ~ delive~ed e Presence ot: F~~ED AMQ pEC4RQE0
- _ ST.lUC1E ~~UNTY Fl~. ~
• ROCER FO'TRAS t r~n . ace
~ CIERK C'e7CUlT C4UR ~ t~a~)
~ " RECORO VERIFIEp~ ~ f/~_-li-~ 4~~ (Seap
oro`~ ea . a e
- - - - Ar~ 13 3 ~s PN'11 `~`a"
STATE OF FLORIDA - 1
~outin oF St . Luc ie i u•
20'7582
Before me penona!!y appeared F2ai11C ~11 RaCE
_ ~OrOt~1Qd E. Race _ h~s wi(e, to me well known and kno+vn to me toabe
tne individuais described in and who executed the foregoing insTrument, and atienow{edged before me that they exec~ted the sarne for the purpostt
~herein expressed. And tbe :e~a___~__ Aorothea E. Raee
.,,tte of the said FTar11C ~~T. Race ~ upon a xpr.ate and privste
e¦am~nat:on by me taken separate and apa~t from her sald hvsband, acknowledged to and before me that she executed said instr~:nent freely and voium
~an~y and w~thovt any compulsan, co~~saaint, apprehens~on or fear of or from her said hushand.
' /,~y A ril
WIiYESS my hand and offic~at seal th~s_._ day o(-___. , A. D. 19
' ~
Notary P~bl~c in and 3or t e 5 te o! lorids it larpe
Retvrn To: NSY Comm,ssion expires: ;
. u~,, ~
firat iederal Sav~ngs 8 toan Asso::at~on ~ 7~ ~ -
3~ ~
Of ccrr P e~e~ Q~ ~v~ i
Fo.t P~_rce. f;cr•d~ ti
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This Instrument Prepared 8y ~xchard K. Kayes ; V;
First Federal Savings 8 loan Association `-a'-jr a; 4~.'
of Fort Pierce Floric.ia ~ ~'••..•••'Eb'
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' SSti~
Checked By~-_ -
BUf K ~
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