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3. To place •nd continuously ketp on tM building~ now a herea(t~~ ~ituats on sa~d Iand and on all equip+n~nt ~nd p~r~on~lly covered by this maly~ ~
ag~, wilh ~II premiums thereon pa~d in lull. fire insur~nte i~ the usual ~ts~derd po~~cy form, in a sum apwovtd by ~he MOR7iaAGEE, and windstorm
~~~uranc~ in the us~al standard pot+cy fwm, in • sum approved by th~ MORTGAGEE, in svch company or compan~es as the MORTGAGEE may
d~~ect; ~nd all fire s~d w~ndstorm in~urancs po~~cies on any o( sa~d build~nys, any ineere~~ ~here~~ or part thcreol, in ~he aggrrga~e •um afweiaid o?
In ~xcess thereof, ~hall conrein tha usual sta.dard mortgag~e cl+use o~ such other ciaute as the Matgegee mey rcqu~r~, maM~ng the lo~s unde~ ~a~d pol~
c~e~, tath and every, p~yab~e ro said MORTGAGEE a~ itf in~eres~ may ~ppear, and each and eve~y svch po~~cy ihall b~ pra.nptly assyn~d s~~d dr~~ve~ed to
:ny Mld by wid MORTGAGEE as iur~ha? security ~o sa~d nwrtga9e debt, and, not leu ~hsn len (10) days in ad~ance of ~he eapirat~on ol each poGcy, to da
t~va to Nid MORiGA~aEE • tenewal Iherto(, toyethet with a receipl (o~ the premium o} svch renewal; a~~d ~here shall be no i~re o~ w~~~dst~~m insurance
pl~c~d on ~ny ol sa~d bui~d~ngs, any in~creit thae~n w par~ thereoF, unless in the lorm and wifh the lois payable as afo~esaid; a~+d in ~he e~eM any ium
of money brcomes payable unde~ such policy or polaies said AROR~GAGEE ~hrll have ~he opt~o~ io receive end apply the same on accowN of ~he indebted~
ness sec~~ed M+eby a ro permit said MORTGAGORS 1o receiv and uf~ it w any par~ thcrcof lor omc~ Nu~F~oscs, ~v~rno~t ~h...u~ w_~~~~3 cr uopair-
ing a~y pu~ty, lien w right under a by virtue of thii mo~r~aye; ~~d in 1M •vcnt u;d MOR~GAGORS shall for any ~eason fail fo keep ~he sa~d prtmitr~ w
insured, w fail to delive~ promptly any of aaid policies o( i~surance to se~d MORTGAGEE, or fail promprly ~o pay (u;ly a~y pre~n~um tAerrFo~ w~~ a~y
cespect fail ~o paform, discharge, execure, effect, complete, comply with ~nd ab~de by this co~e~an~, a any pa~f hareol, sa~d MORiGAGEE may p~~ce a~.d +
paY fa wch insuranc• or any pa~t thereof without w~:vin~ a affeclinp any option, lien, equ~ty, w~~9M ~nder a by virtue of this Mo~tgage. and the }
~ull ~movnt of euh ~nd •very such paymenl ihall be immedi~tely dw and payable and shall bea~ inr~res~ from ~he date thcrcol ~ntil pa~d at the ra1~ of
n~ne per cenWm ps~ annum end toge~her with such inre~es~ fhail be sec~red by the lien oi Ihis mo~tgage.
4. To permit, commit ot suffer no waate, impairment p detcrrotation of said property or any part ihereof.
S. To pay al! ar+d airpul+r the coats, charges and expensei, includ~ng a ~e~sonable attorney'a fee and costs of abs~racts of t~Ne, incurred or paid at
a~y time by sa~d MORTGAG:E, bccause w in the evenl oF the failu~e w? the part of 1he sj~d MORTGAGOR to duiy, pron,ptly and f~tly perfwm, d~schergs.
e.ecute, eifect, compSete, tomply wJh and ~b,de by each and every the stipulanons, agreeme~ts, <onditions, and covenant~ of sa~d p~anissory no~e and th~~
,noreyape any or either, and sa:d cos~a, ch~rgq and eapenses, eacA and every, shall be imm.diatety due and paya5tr; whe~her w no~ rhere be no~+ce da
mand, attempt to collect w suit pend~ng; ~nd the full amount of each and every such paymem sholl Gea~ ~rocres~ from the dat~ thereof until paid at the
:.ve o! ~~ne p~r centum per an~~urn; arw a11 u~d tosts, cna~ges and expe~~xs intu~red o? paid, togathrr wah such m~erest, aMll be secured by ~he I~en of th~s :
n,ort9ape. ;
6. That in tha event of any breach of thii Mort9ay~ or de{ault on tM part o( t4x NORTGAGOR. w ib) the evrnt •~y of u~d sums oi money
herein referred ~o be no~ p~wnpHy and fully paid within th~.ty (30) days nex~ atrer the same se~era':y becane dve and payable, withou~ dema~~d w nor~ce,
or in the event exh and every ~he fripul~tions, agreements, condi~~o~s and covenann of sa.d prone~ssory no~e and th~s mor~gaye aoy w euher are not
iuiy, prompNy aod futly performed, d~uharged, eaecuted, elFected. complrted, compGed w~th end ab~drd 'sy, then in e.thcr o~ any such eveM ~he sa~d ag
g~rgate wm mcnt:oned in sa~d promisso.y note then re~*~ainin~ unpa~d, w~th interrsl ac<rued, and ai; nwnrys secured hereby, ahall brcume due and pay-
ab!e fo~thwith, or theroafies, a1 the opnon of said MORTGAGEE, as fvlly and compleu~y as i1 all of ~he u~d sumi o~ money were aginatly tt~pulated
to be pa~d on suth day, anything in aa:d pro~nisswy note w in this Matgage to the contrary notwdhstand~:~g: and ~hereupon or thereafter a~ the opGOn of
sa:d A10RiGAGEE, ~v+rhout notice w demand, su~t at law p in equ~~y. ~he.efoae p thereaiter begun, may be prosecuted as if all ~noneys secured hereby
nad matured p~ew to ~ts inst~tutio~.
7. That in the event that at the beginning of or ~t any tims pend~ng any suit upon thia Mortgage, d to faeclox it, w to re(wm it, or to en(orc~
payment of any claims hr~eunder, sa~d MORTGAGEE shall apply to the Cou~1 havirxJ ~unsd.ct~on ~herrot for ihe appu~~tment of a Receever, wch Court shall
forthwith appo~nt a ~ecc+ver of sa~d mwtgaged prooerty all ~nd sin9ula?, i~clud~rg ail and s~nguiar the ~~come, prof~ts, issues and reve~~es 1~om whatever
ae~rce derived. each a~d every of wh.ch, it beiny eapressly ur~derstood, is lxreby mwr~aged as ~f spcc.f~ca!!y set fafh and dexribed in the y~antiny and
haoendum davses hereof, and such Receiver ahall have all the t~oad snd effec~ive (vnct.ons and powers in anyw~se erttrusted by a Court Io a Receiver, and
s. ch sppointmem sha11 be made by svch tourt as art sdmitted equity and a maner of absotute r~ght to said h;ORlGAGEE, a~d without reference to the
adrquacy or inadequacy of the valve of ihe properry mor~gaged or to tF+e sone~+cr o~ ~nsoi,~ency of sa+d MORJGAGOR « the deie~dants, a~d ~hat s~,ch
•e~+s, prof~ts, ~ncome, ~ssves and .even~,es shall be appiied by such Receiver accord~ng to the I~en or eq~ity ol sa~d MORTGAGEE and t'tx prscuce oI such
Covrt.
8. To duEy, promptly and F~IIy perlorm, discharge, executd, e(fect, corr+plere, comply w~th and ab+de by each and every the stiputations, agreements,
cunditions and covcnants m sa~d promissory note and this mongage set farh. ~
9. That in the event tfie ownership of the mortgaged p~em~ses, or any part thereof, 6ecomes vestrd i~ e person other ?han the MORTGAGOR, tM
MOR?GAGEE, its ~uccessors and ass~gns, may, w~ihout notice to ~he MORTGAOR, dea: w~~h s~ch successw or svccessw in lnterest w~~h refere~ce to th~s
n~o•Tgage and the debt hereby secured in the ssme manner as w~th Martgagw w~tho~t in any way vrt,ating w d~schargng the Mortqago~s' IiabiGty FKre~
~-~~e. or uEwn the debt herrby secu.ed. No sale of the prem~xs ha~eby mo~tgaged ertd no iorbtara~:e on Ihe part o1 the IdORTGAGEE w itf successors
o~ ass~gns and no e,crerts~on o~ the time for the psymcnt of the debt hereby secured yiven by the MORTGAGf~ o~ its ~uccessors or ass:pns, snall operate
~o rNease, d;scharge, modify change w affect the orig:nal Siao~~~ty of ~he MORiGAGOR herein, either m whole w in part.
10. It is spec~fically ag.eed that time is of the esse~+ce 4f this contract and tAat no waiver o( any ob!~ga+~on hereuneicr w of fhe obligation sr
cured hereby shai~ at •ny tirt+e tF~ereaftd be held to be ~ waiver of the terms Aereof a of the instr~ment secured he~by.
i 11. In add t:o~ to the forego r+9 mo~thly payments of princ pal and intercst requ~red by the prpm:ssery no~e sec~~ed hereb~, mortgagar covenants
~ ,~d agrees ro pey to mo~tgagee with each momh~y paynxnt an add~~io~al ssxn est:mated by mortgagee to be equal to 1. 12 of the annual cost of the tollow-
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~ A--AiI real property ta,crs levfed a asses:ed aga~~st the above describsd r:-at es~ate.
E B-Pr:n:~:~ms on fue and windsrorm insurarce as here~n res~u;red to be canied on the :m~:roveme~ts s;tuate on thc above described prem~ses.
i C-Pre~~•~~~*~s on such mwtgnge g~aranty insura~.ce as mortgagee shall iro~n t me ro t~~ne deem fit to carry on the ioan secured hzreby.
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Mwtgagee sha'! !~om. t~me to time not~fy mc~rgaqcr in wr;t,ng of the amou~t due and payabte hereundrr and such surn shall thereupo~ be due and M
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~ : a;abte on the d~e daie af ~he next mo~thiy paymem ar.d each wccessive ~nonrh rhereafter ur.til mc+tgagee shafl rtonfy mortgagor of a change in s~ch r
± ounL $uch sums sFa.i i~e app5ed by matgagee toward the payment of rea~ preperty taaes, insurance p+em.ums, a:~d mortgage guaranty irsurance
::•emiums. ~
~ ~ IN WITNESS W'H~REOF, rhe sa~d MORTGAGOR has hereunto ut his hand snd seal the day and year fir;t a~oresa~d.
° ' S~y , Sealed ~nd delive~ed in ~ P.~M~ of: fILEO AMD RECORpE~ ~
~ tT. IUCIE COIfMTY Fl~ ~~~f~1. C C t t~+= - (Sea4
~ ROCf. il FOitR~S 7,T
r CIER[ C~=.CWT t0{MT ~ t~•~
~ (,~j ~ IIfCORO V[k:F1E0 ~ (s~.q
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~ 1 - ~ ~ ~ ~ ~ ~ 1' tseaq
~ STATE OF FLORIOA ~ ~(1My~S~
SS. V~ ~
~ c~uNrr oF ST. WCIB
~ before me pKSOnally appe~red N• V• ~AAOA~ .Jt •
~ .J~~ F• ~.~I1t10A h~s wiie, to me well known and known to me to bt
the individv+b desuibed in •nd who •xecuted ~he foreganp enstrument, ~nd acknowled9ed befae me that they exewted the same }or the purposes
- ~~erdn e:p?essed. Md the said_- '~aM R' ~n~10n -
= r.~1e of the sa~d N• V• CitIAOQ ~.~s • upon • separ~te ~nd priv~tt
~ e.iminat:on by me taken sepa~ate and apar~ from her said husband, ~cknowtedged to and before mt 1Fut she executed said instr~ment freely and rolun-
~ ~a.~iy a~d wnhout •ny computswn, constramt, apprehe~s~on, or fear o( or from Fur said Fwstand.
_ WITNESS rny hand and offic~sl ual th~a_ _ ~~~l~ dsy of_ Aprii p ~9 71
_ ~
a
Notary P~b~~c in ~.id for the Sfat~ of Flaida N[arp~
,p"~~~y~~r', My Comm~sseon eapires:
T R~t~,^ To: ~r rueuc, sr~r~ a~IOill AT UIp~E
.
i~nt Fede~~l Sa~~ng• A~ loan Associst:on ?cZ ~i~~~ w C3d/MIS~1'>N EXPiRES SEPT. 23, j~3
= of a f.~- ~c ; WNDED IH~1 fREO rr. u~sr~
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Fort G~ertt flc~~di • ~ ~ ~
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Y' 'r, : ; t) a: c`J : -
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:r This Instrument Prepared By ~~~y~ . •~i,i~
'y"' ti. ~ ~ . .
_ First Federal Savings b Loan Association ~(~,~~r;~.~....c•~
= of Fort Pierce ~ Flosid• _ - ~
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Checked BY L~' ~
:z:: a ~ i91 2~.2~ ~
N ~ S~~R ; ~ ;
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