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To platt and con~inuously keep on the bui!dings now o~ hereai~s? ~~tuats on said Isnd and on all equip~nenl ~nd pe~sonally cove.ed by thit mat~
•g~, wilh •11 premiums thereon pa~d in tull, fire +nswa~a ~n ihe ua~af sunda~d potip fam, in a tiwn appro~ed by ~he A10R~GAGEE, and w~ndirorm
insur~nc~ in the usual srandard pol.cy fam, in a tium app~oved by iM MORTGAGEF, in tvch co~~pa~y or canpan,es aa ihe h~ORiGAGEE may
dired; and ~II fire and w~ndstorm inswai+ce po~~c~es on any ol sa~d bu~id~nga, sny intc~est there~n or part thereo~, in the aggregate sum ~fwesaid w
in ~xtesi thereof, shall conta~n the uwal standard mortgagse clause o? w.h o~her c(ause as the Mo~tgagee may requ~re, ma?~ng ~hr ~oss u~xler ae~d po~h
cies, each and every, payab~e to sa~d MORTGAGEE a~ its ~~~ereel may appear, and each a.~d eYCry fuch po:~cy sl~aU be promy~ly ass g~~ed a~~d drl~vered ~o
•ny held by said MORIGAGEE as furihrr securi~y to iaid mortgage debt, a„d, not less then ~en (10) da~s in ad+ance of the espirat~on o{ each poGCy, to da
IiVN fo taid MORTGAGFE a renewal thereof, togNhe~ with a receipt for Ihe premivm of such renewa!; ar,d +here shafl ba no f~re o~ wu~dS~Or~n inw~ance
pE~ced on a~Y of said build~~u~s, any interest therein or part thueof, ~nless in fhe torm and wi~h ~he loss payabte as aforesa~; and in the event any sum
of monay beca*+es payable unde~ such pulicy w policies wid MORiGAGEE shall have the opt~on to recr~ve a~xi ~pp!y tha same on accouro o( the indebtrd-
nes~ setured hereby a ro permit sa~d MORTGAGORS ro receive and us~ it w any part thr::-ut fo~ o:i,cr Hur;~csc~s. ..~ti:o.:r th~+~ur
inq any equ~ty, iieo or right undtr or by virtve of this mar~age; a~d in the event sa d MOR~GAGORS sha!1 `w any reeson fail to keep the sa~d premisrs so
insured, or fail to deliver promptly any of wid pohc.et of inw~ance ~o sa:d MORTGAGEE. or fail prompNy to pay fu~ty any pre~nwm thercfw or in a~y
rospect fail to per~wn+. d~scharge, execute, effect, campletr, canpty with and abide by this cove~~=», o+ any pa~~ hareof, sa~d MORTGAGEE may place and
pay for such insuronce w ~ny part thcreof withovt waiving or alFecting any optio~. lien, eqv~ry, or r:yht under w by virfus ot ~hit Morrgage, •nd tht
full amov~t of each and e.ery such paymem shall be ~mmedfatefy due and payable +nd shell bra~ interes~ from tha da~e ~hereoi unril paid a~ the rate ot
n~ne per centum p~r annwn end ~ogr~hcr with such interest sFw~ii tx srcured by the lien of th~s matgagr.
1. To ptrmit, tommit ot su{fet no waste, impairment a deteriorat~on oi sa~d property a any part thereof.
S. To pay all ~nd singu~ar the costs, chargea and expe~oes, induding a reasonable at~omey's fee and costt of abs~ratts o( tiUe, incurred or paid st
any time by said MORIGAG:E~ because or ~n the eve~t oi the failure on ~he parl of ~he sa~d MORICiAGOR to duly, p~o+~+Ntly and fully parfo~~n, d~scha:ge.
execute, elfecf, tomplete, comp~y w~th and ab:de by esch aod every the at~p~la~~ons, agree~~~~~»s, cond~uw~s. and cove~~ants o~ sa~d p~.~~uuory note and this
mortga9e any or eid+er, and w:d costa, charges and expenses, each and every, shatl be immed~atety d~r and payab:r: whe~Aer w not ~here be no+rce dt
mand, attempt W col:ecl or suit pend~ng; and ~he full amouM oE each and e~e+y svch pa~mem sha11 bea~ inrerest from ihe date thereot until paid a1 the
rare oi nine pe~ centum per annu:n; aod all aaid cost~, charges and eapanses incurred w pa~d, togrther v.,rh wch ~me~csl, shall be secuied by the I~en of thii
mort~age.
6. That (a) in the event of any breach of this Mortgage w default on the part ot ~he MOR~G~GOP., or (b) in the evem any of sa'd svms of money
herein relerred 1o be not p~omptly and fufly paid within th:rly ~30! d~ys neat a`n_~ thc iame severa'ty beca~ie due and payab!z, withwut demend O~ nonte.
or (c) in ths eveM each and every the stipvlanons, agreements. cond~tlons arx! covena~ts of ssd pormswiV ~~ote and th~s mortgage any or e+ther are not
~uly, prorr.ptly and iully perforr.~ed, dacha~ged. executed, eifected, car.pleted, compi~ed w~+h a~~d a~~ci~•d 5y, then in e~tFx:r w any such event the sa~d ag
gregate sum mentioned in said p~omhswy note then remaining unpa,d, with mterrzt accr.,ed, and a~l nwne~s secured hereby, shall ~ceme due and pay-
able~ forehwith, or thereafur, at the opr~on of said MORiGAGEE, as futly and complere!y as if all of ~bc sa~d sums of money ~nere ong~natty s~~putated
io be pt~~d on such day, anything in sa d prom~asory no!e w in this Mortgage to ~he co.~trary norw,thsra•,d:•~g; and ~hrrcuFron or Iheraafte~ at the op~~on of
sa~d MORTGAGEE, wirhaut no~~ce or demand, suit at law a in equity, theretore or therrai~er beg~n, may be prosecuted as if all moneys secured hertby
had matured p~~or to ~ts institunon.
7. That in the evcnt tha! at the beginn~ng o( or at any time pending any suit upw+ this Mor!gage, or to foreclox it, o~ ta reform it, or to enfwce
µ~yrrxnt of any ciaims he+eunder, said MORTGAGEE shall apply to the Court having ~urndu~on therzof for the appo~ntment of a Recel.er, wch Covrl sAali
Forthwith appoiM a receiver of said mo~tgaged prooerfy a11 a:~d si~x}~~ar, indod:ng att an~ s:~:gu~ar tl~e inc p~roi~ ~-~}sves and t@vErtu2i Iran whatever
source derived, each ar.d every of whrch, n being exp~ess~y unders~ood, is her~by mongaged as if speafi~'#t ~i~M~and described in the g~aroing a~d
habendum clavses hereof, and svch Receive~ aha~t fiave +il the b~oad a~dMfective funct.oni end pow~rs in anyw:sA"ei1TFUStY~by a Cov.t to a Rece~ver, and
scch sppointmem sha1~ be made by such Cou~t as an admitted equity a~xl a matter of absol~te r:ght to sa~d MORTGAGEE, anJ witho~t re(erence ro the
adeqvacy or inadequacy o1 the value of the p~ope~ry mortga~ed or to th~o~r~yrg~~l~ni~,o~~d MORfGAGOR a the defrndants, and that such
renrs, profits, incaiie, issues and revenues shall be appl~ed by such Rec i er b2coTt3n9 to t lfeh equity of sa,d MORiGAGEF and the prac~ice of such
court. ~s ~+~i P t i':. N' b'~ .'!s!~'.
8_ To duly, prompt:y and fu~ly perform, distharge, execute, effecf, ~o,pp~t~ to~ly w~tl~, aq~! agid(t,.~y~ each and every the stipulations, agree~nents,
condi'ions and tovenants in sa~d promissoiy r.ote and this niortgage set i 1k." ~ ~v
~ t f' rsvn ~hes than the MORTGAGOR. ths
9. That in the event the owncrship of the mortgaged pren,~ses, or aqy o ~s• ~
MORTGAGEE, its successws and ass+gns, may, wiihovt nmice to the htORT_ w 'ili~eSs~ ~ A~S~i F~eres~ with relerence to fhis
mo.~gage and the dcbt hereby secured in 1he same manner as w~th bto.tgag~h~n ~any way vit:aH1~9 a4~ing''A~c IAortgagori liabiiity here-
under or upon the debt hareby sec~red. No sale of tbe prem~ses hereby mortgaged ard'no fotbearance on the part of the I.10RIGAGEE or its svccessws
o. assigns and no exrension of the t~mo fw the payrr.ent of the debt h~reby secu~ed giv~~n by tFx IAORiGAGE~ or ifs successors or ass~gns, atiall operate
to release, d~scharge, mod~fy change a affect the orig~nal liab~irty of tlr_ MORTGAGOR herein, eilher in whok w i~ part.
10. It is specifically agreed rhat time is of Ihe essence of this con~ract and that no waivcr o( any ob~igat~on hereunder w of the ob~igation sr
cured hereby sha~1 st a~y time tix:reafter be held to be a waiver of the terms hereo( or of the instrument secured herby.
11. In aod.rion to rhe forego ng month!y payments of princ pal and imerest requ~.ed by the prom sscry nae s~cu~ed hereby, mortgagor eovenan~s
and agrees to pay to rr~ortgagee with each month~y pay~.eent an add~~~onal sum rsf~~.~ared by mortg3gee ta be eGual to 1, 12 of t`.e ann~~ai cast oi the foliow-
' in~:
A-Atl real property taxes lev~ed or assessed agai•~st the abo~e desc.~bcd real estate.
B-Pren:,ums on f~re ar.d windstorm insurar.ce as here~n reqv~red to be ca~~ird en t~c im;:rovemeits s~tuafe on the'above dascribed premises.
C-Premwr.:s on svch rr.ortgagP guaranty ir.sora:~ce as mo~tgagee shafl fro:r r me ro t;me d,em f:t to carry an the loan secured hereby.
Matgagee shal f*cm ~~~ne to ?:me not~fy mo.tgagor m w.it~ng oi the a~~~ou~r due and ~ayable hereundrr and such sum iF.al1 rhereupon be due and
~ayable on the due oate of thr next month;y payment and each success~ve momh thereaft_r ur.rit mcftgagee :hall not~fy mortgagor of a change in such
a:-~cum. Such w~ns sFa'~ be ap~:ied by mortgagee toward ~he payment of real property taxes, insurance p~em;ums, a~~d mortgage guaranty i~surance
r~~emiums.
~ IN WITNE~= WH Or the sai ORTGAGOR has hrreunto set his hand and sea! ihe day and year aforesai . _
~ ~ Signed, Sealed n de " er the pr of:
~ f1~E0 AND RECOR~~ aq
/ ST. WC1E COURTY
QOCER P0~?IIA~
~ CIERK C~~CU1T OOU T ~ ~ ,.i ; ~ ~ cs~•n
. RECORO YEPIilEO ~ ~~~n
STATE QF FLORIDA ~ II S1 ~t~~ ~Qg921
COUNTY OF Jt. . T.LiC I6
F
Before me personally appeared Steve n~i . ~mith
~fiylZis ;l. ;.iJ~21t.}1 his wile, to me well known and known to me to be
the individuals described in end who executed the for oi irtstrumem, and acknow!edged befo~e me that they exewted the ssme fw the putposes
therein expreued. And the said ~V~12S :1l• 51R1t.~1
N~(e of the sa~d SteV6i2 a. cJ?ilt~'1 _ , vpon a uperate and priv~t~
e=amination by me taken separate and apart from her sald husband, atknowledged to a~d before me that she executed said instr~ment fteely and volun- ;
ranly ard withouf any co:nputsiw~, canstrainf, apprehe~s~ory or fear of or from Fxr said husband. j
WiTt~lESS my hand and officia; seal this__ l~ 5~~~~ day of r~'' A. D. 19 ~
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q Notary Publrc in ared io~ t St te of Florida at lar~
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My Gomm~ssio~ exp+res: ~ ` ' ~r
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Return io: ~ / ,~~~iF~~~?li~~r,,,/
~ Fint Federal Savings 3 Loan Associahon ' O • ~ ~ ~ .~O~~ji~~~~~~~Vl~~i~ '
Of fort P rrce ; 1- t~' % !
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Fort Pierca itorida
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~ This Instrument Pre ared BV t + ~~Q ~
P / U• Ch~.gliai!1 r.~ i`~(
~ First Federal Savings 8 Loan Association
~ of Fort Pierce , ~.orida ~''~~:':'i- S'~~~~.
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Checked By _pY
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