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3. To place a~d <Ontinuoualy keep on rhe bui!dinpt now w he~eafter sirvste on sa7d land and on al! equipmem and peraonally covered by 1hi~ mwtg-
ag~, with al) premiums thereon pa~d in full, fire insur~nc~ in ~he us~al uaidard po!~cy form, in s sum aFpro~ed by the MOR:GAGEE, and w~ndstorm ~
ins~rance in tM us~al atandard pol.cy lam, in • sum approved by tF?e MORTGAGEE, in such canpany or canpan~es as ~he MORIGAGEE may i
direU; and elt (ira and w~ndsrorm inturante polecies on iny of said build~ngs, any interasl therein or pa~t thereol, in Ihe aggregate sum aforesaid or
in excess IAereof, shall cw+tain tha uswl standard matgape~ clauts w such other cl,~u~e a~ th~ Morigayee may requ~rs, making the los~ undc~ sa~d poli-
ues, each and every, payab!a ro said A10R~GAGEE as +ti intere~l may ippear, ~nd each and ere+y •uch pol;cy shall be promptly ass gnrd and delivered +o
•ny Mld by said MORIGAGEE as (urthar security to s~id nwrtgage deb~, and. ~+o~ less than ten (10) days in adva~xr of the expirat~on oi each policy, to da
I~va 1o iaid MORTGAGEE a renewal Ihereof, to~ethet with a ~eceipt fw the premium o( tuch renewal; and ~here shall be no fue or windsto.m in~urante
plrted on any oi said bvild~ngs, any inrerest there~~ w part thereof, unless in ~he form and with ~he loss payable at afwesaid; and in the event any tum
of mon~y becamey payab~e under such poliq w policies uid MORTGAGEE shall have ~he opt~on to receive a~xJ apply the sarne o~ accou~it o( the indebtrd-
nett Y_cured hNlby p t0 permit faid MORiGAGOQS fp ~Keive and ut! if or any pa~t thereoi fo~ o:i~z~~ purposcs, vntho~t th_~.u~ ~vaivi~3 ~r ~mpoir-
iny +ny eq~ity, lien w r~ght under a by virwe of this morrya9e; and i~ the even~ sa;d MORTGAGORS shal! }o~ any ~easo~ fail to kcep the sa~d prem~sr~ so
insu~ed, w f~~l ro der~e+ promptly any of said polities o) in~urancs to said MORTGAGEE, a fai! prumptty to pay fulty any pre~n~u+n therefor or in any
respect fail to perform, diuharge, execute, ef(ecl, complete, comply with and abide by this covenant, p any pan hrreol, said MORTGAGEE may place a~d
pay for such in~uranc~ ot any part therepf without waivin~ ot sf(ecti~y any option, lien, equ~ty, or riqht under w by virtue of this Moregage, end the
full amouat ot each aod avery svch payme~t shall be immediately due and payable and shall bear interest from the date thereoi un~il pa~d st ths rate o~
rt~ne per cenrum per annum erx! to~r~her w~ih such interest shali br secured by the I~en oi th+s mortgage.
I. To permit, commit or s~ffer no waste, impairment w deterioration o( aaid p~operty or any part thereof.
5. To pay all and aingular the costs, cha~gea and expenses, including a reasonable •ttorney i iee and costs of abstracts of titfe, incurred or paid at
eny time by iaid MORiGAGEE, becavse a in f1+e event of ehe fa+luie on ~he part of ~he said MORTGAG~R to duly, p~omp~ly and fuily perfw~n, d~scharge.
execute, effect, complete, comply w~th and ab:de by each and every the stipulai~ons, agreements, cond~~~ons, arxl covenanes of sa~d prom~ssory ~ote and ~h~s
mwtgaye any or e~~her, and sa:d costs, charges and eapenses, each and evrry, shalf be immed~arety due and paYabte; whethe~ w no~ rhere be nonce da
mand, ~ttempt ~o colfect o~ suit pend~~g; and the full amovM of each and everY such paymen~ shall bea. inferest fiom ihe date ~hereof until paid at the .
r.ire of nine per ceotum ~er annurn; and ail uid costs, charges and eapensea iricurred or pa~d, togrther w~Ih such in~erNSt, shail be secured by the i~en oi tAit
morfyag0. .
6. That (s) in the event of any breach of thii Mwtga9e or default on the part of the MORTGAGOR, or ;b) ~n the eve~1 any of sa:d sums of mo~ey
herein referred to be no1 pro:nptly and fully paid wi~hin th~rry (30? days next at~er the same severa:ly becane due and payabte, without dema~d or no~ice,
cr (d in the tvent each and eve~y Ihe stiputations, agreementt, condnio.~s and cov~nants of sa.d prom;ssory note a~d th~s mortgage any or e~ther are no1
~uly, promptly and fully perfo.med, d!xharg~, exKuted, eifcct~d, co.npleted, compGed with and ab~ded 5y, then in e~ther w any such event Ihe sa~d ag
g~egate sum mentqned in sa~d pro~n~sswy note then remaining unpa~d, with inte~est accrued, and a~i moneys secured hereby, shall brcame dve and pay-
eble forthwith, or thereafter, at the option ol said MORTGAGEE, as fully ard completety as if all oI tl~e sa~d sum= of morey we~e or~gi~ally si~puiated
ro be pa~d on such day, anylhing in sa.d prom~ssory note w in this Mortgage to the conrra~y notwlthsta~ado~g: and thereupon or tF~rcafter at the opt~on of
sa~d MORTC'iAGEE, wirhout noricr or demand, sv+1 at !aw w in equity, therefore or thereaS~er begun, may be prosecuted as if al{ moneys secured Aereby
nad matured pnor to ~ts ias~itunoo.
7. Tha! in the eveni that at the beginning of or at any time pe~ding any sv~t upo~ this Mortgage, a to foreciose it, or to reform it, or to enforce
payment of any daims he~eunder, said MORTGAGEE shatl apply to the Cour~ haweng ju.~sd;eGOn ~he~eof iw the appo~n~mem of a Rzce~ver, such ~ourt shall
for~hwith appoint a receiver of said mortgaged prooeAy all snd singu:ar, includ~ng atl and singular ~he incon,e, proi~ts, iss~es a~~d reven~es trom whatever
sourte derived, each and every of wh~ch, it be~ng expressly unde~stood, is hereby mor~gaged as i1 spec~ficalty set Iorrh and destribed irt the gran?ing and
haoendum clauses hereof, and such Rece~ver shali have •II fhe broad a~d effective Funct,ons and powers in anyw~se emrusted by a Cou~t to a Receiver, and
s~ch appoiromem shall be made by svch Covrt as an admitt~ equity and a matfer of absolWe r~ght to said MJRTGAGEE, and w~~hovt re(erence to the
adequacy or inadeqvacy of the vafue of the property mongagerl or !o the so~vency w msofvency oi said MORiGAGUR a the defendants, and rhat such
renrs, prof~rs, incu~ne, isaues and rever.ues shail be apahed by such Receiver accord~ng to the lien or equity oi said MORiGAGEE and the pracGce of s~ch
CouA.
6. To duty, prpmptly and fuity pe~form, dixharge, execute, effect, comp~ete, comply w;th and abide by each and every tF~e stipulations, agreements,
conditans a~d covenan~s ~n sa~d promissay note and th;s mortgage set torth.
9. Tha1 in ~he evrnt ihe awne~ship of the mortgaged premises. or any part thereof, becomes vested in a pc~wn otF~er than the MORTGAGOR, the
M.ORTGAGEE, its'successws and ass~gns, may, witi+out no~ice to the MOttTGaOR, deet w~th such successor d sucressor in inrerest w~th ~e(erence to th;a
~no~tgage and the deb~ he.eby secured in the same ma~ner as w~~h Mwtgago~ wnhaut in any way vit:ating er dixharg~ng the Mortgegors' liability here-
~nder or upw~ the debr hereU~ secured_ No ssle oi the Frem~ses hereby mo~tgaged ar,d ~o forbearance on ~he part of ~he ?~10RT(iAGEE or its s~ccessors f
or assigns and no exter.s+on ot thr timc (w the payment of the debt he~eby secured given by the MORTGAGEE or ets successors or ass~gns, s:~all operate
~o releax, d.uharge, mod~fy change or affect the orig~nal Iiab;Gty of the MORiGAGOR herein, either in whole or in part.
10. It is apec~frcatly agreed ~hat time ~s of the essence of th~s contrac~ and that no waiver oi any ob~~qar~on hereunde~ w of the obligatan sr ~
cured 1~ereby shal~ ar any time thereafter be held to be s waive~ of fhe terms hereo! a o1 tht instrumeM sewred hcrby. ;
. t
! 1. !n add-tkon to fhe fo.ego'ng monthly paym~ms of pr;nc'pal and interest required by the promisscry no!e se~~red hereby, martgagor covenants •
and agrees to pay ~o mortgagee v~irh eac!~ momhiy pay~~ent an add~~ional sum esnn,ated by m,orrgagre to be eq~al to 1,12 of ~he ann~al cost of the fol!ow- i
ing:
Q-AI7 reaf prcperty taxes tev~ed or assessed agai•isr the above described reat estare.
B-?rem~v~ns oa ii~e and wi~dstorm ]nsurarce as herein requ~red to be carrfed en the ~mproveme~ts s~tvate on ttx: above d_scr~bed premises.
C-Premiums oa such mortgage guaranty ir.surar:ce as mortgagee shall from t me to thne deem fit to carry on the loan sec~red hereby.
Mongagee aha'1 from hme to nn,e not~iy mo.tgagor ~n wntmg of the afna~at due and payable hereunder and such su„ :hafi thcreupon be due and '
Fnyable on the o~e dare of the next month:y paymem and each svccessive month thereafter ur.til mortgagee shall not~fy mortgagor of a change in suck
a^•ount_ $uch wms sha'I ~e appiied by mortgagee towa~d the payment of rea! p~operty !axes, insurance prem.~ms, e~~d mortgage gva~anty insurance
promiums.
N ~IiNESS LYHER' F the sa~d ?RORiGAGOR has hereunto xt his han~ and seal the day and ea first aforesaid.
~ned. ed ered i presence of= FIlEO ANO RECOAOEp '
~ % iT. tUCfE CO~NtY FLA. '
- CLE KCC RCUtT COUR ~
_ ~ RECORD yEP,tF1E0~ ~ ~ ~~s~~
~ ~d f7?/ tSea!) ~
- M~r t 1 2 04 PN'T I~t9394 ~~l~
STATE OF FIORIDA ~
couHrr oF St. Lucie
Befwe me personally appeared .~92711~Y1 g• Nelson
Janet A• N9~.30t1 h~s wife, to me well known and krown fo me to be `
the individuafi desuibed in and who executed the toregany instrumcnt, end acknowledged beFore me that fhoy e,cecuted tFK sertp, fOr~ pv~ppse~
therein expressed_ /ind the said Janet A. Nelson -
r.ife of the .~~a ~rman E• HA1.30II : ~rj?` ivat~
q~~ov t
e¦ami~at;on by mr taken uparate and aparf from her said husband, atknowledged to and before me that she eaecused sanl i~{cd~l~~~y~p~~n.
rarity ~nd wn6out any computsion, constrainf, appre'f~e~sj~, or iear ot w from her said husband. _ .
WtTNESS my hand and officiat seal this_ 1 T _ d~y of r a•
. ~ i' ~ l -
_ '
-N ary Publ;t in end Sta~ ' t:
' Return To• My Comm~ssi.x~ expires: . Ct ,
r ~
Firs? Federa! Savings a Loan Assoc~at;on NOTARY PUBIIC STATE FI ORlDA AT
Of Fo~t P.e ~ee. MY COMl/ilS.ri~~N EXPt?''3 2, 1 !1rlt'f~ °1°~,
GENER,1l tNSURANGE UNGEfi~tR17ERS~ INC. s
iort P~er~e. flor~da
3-~•7S
This I~strument Prepared By J. D. ChSSt8i1~
First Federal Savings 8~ loan Association
of Fort Pierce~ F10I'1da
Checked By Q~- "
_ b001f ~2 1600
l~s
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~ .w r~
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