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To plac~ and co~ti~uwisly kHp on 1M buildinp~ now o~ htre~ft~r situale on taid I~nd and on ali equipm~~t ar+d p~rtonaily covered by thi~ maeQ~ '
+p~, with all premiums the~eoe~ paid in i~ll, fire insur~nc~ i~ tM ~iwl ilandsrd po~icy fwm, in a tum approved by tM MORiGAGEE, •nd winditam ~
intw~nce In ~M uswl ~~andard pol~cy fwm, in ~ s~m ~pprov~d by ~M MORTGAGEE, in s~ch company a companies u tFu MORTGAGEE may
d~nctt u~d all (k~ ~nd wte~d~rorm insurar+c~ polici~s on ~ny oi said build~rqa, ~ny inronst tMrein oi put the~eol, in tM aggrep~r~ sum afw~faid w
In ~xcsaf ther~of, iMll con~aln th~ ui~al itandard mor~qapN tlau~t a such aMr tlau~ ~s IM Matpaqe~ may ~equir~. makinp 1M loi~ unda ~a~d poti~
cin, each ~nd ~vNy, p~yabl~ ro said MORTGAGEE as ~n in~•.ea m.y •pp.a~, and each and ~very ~vch poiicy ~hall t» prompfly sts:yned a~d dvliversd ro
~ny h~fd by sa;d MORiGAGfE ~s tur~hK sacurity to uid malpaQ~ d~br, ~nd, not I~ss IMn ~en p0) days io adwnc~ of ~ha e:piration ot each pol~cy, to d~-
!~w~ 1o t~id MORTGAGEE a r~newal IhKwi, lop~lhM wilh • receipl (o~ tM premium of suth ~snewal; a~d 1he~~ sMll b~ no fire or windilam inwrant~
pl~nd on any of uid buildinyi, any inte~eit tha~in or part thereoi, unleu in the fo~m and wirh tM loss pay~bl~ as atassaid; snd in the even~ +~y sum
of mwuy becomes payabls w~der such policy or polkiss ~aid MORTGAGEE ~hsll Mw tM op~~on ~o rcceive snd ~pply ths sams on accoun~ of ~he indebted~ .
neu sKUr~d Iwr~py p b pKmit faid MORTGAGORS to rst~iv~ and uM it a~ny pa~t the~aof fw othrr purpo~es, without rharei~~ waiving ot Nnpa;r•
iry any p~ity. liee~ a riyht voder or by vlrtw of thi~ mortyap~t +~d ~n tM ~vent sa~d MORTGAGORS ihall for any reason fail to keep ~hs said p~em~ses w j
:roured, p fail b dtliver promptly any of iaid polities of insurant~ to s+id MORTGAGEE, w fai) promptly to pay (ully any premium Ihere(or w in any !
r~spea f~il a patwm, discharye, *xecute, eif~ct, complets, compty wirh and abide by rhi: core~an~, or any pan hereof, said NtORTGAGEE msy p~sce and
p+Y fw sucl~ inwranc~ w any p~?t thereof without waivinp or ~ffecN~p any option, lien, eqv~ty. a riyM unda a by vir~ve of this Mor~9ag~, a~d the ~
fuN amount of each a~d evtry wch payment ihall be im~nediately dw and payabls and shalt bea~ interest irom the dats thereof unril paid at ths rat~ ol
n~ne pe~ cenrum p~r u~num and rogrther wfrh svch imerest shall be aecured by tM lie~ of th:s mor~flsge.
1. To ptrmit, oommit w suEf~r no wa~t~ h+pairmc~t w deteriaation of said property or any pah thereof. ~
5. To pay all a+d sinpula? ths cosri, cha~yes ~nd expanses, inciudirp ~ rcasonable attwney i(ee and cosh of abstroct~ of titl~, incurred w pa~d at
any time by said MORTGAGEE, b~tause o? ie~ ehe ev~nt of the failure on ~he par~ of ~he said MORiGAGOR ~o duly, p~omptly and fvUy per(wm, d~xharyR
executa, effecr, compkte, canp)y w~th and ~b:de by ~ach and every ~he stipulanons, agreemenh, co~ditio~s, and covenants of said promissory note and ~hi~
mortyp~ any w eithe~, and ia~d cosq. cMr9p a~d expenses. e+ch and every, shall be immed'urely d~e and payable: whetl~e. w not tlxre be norKe d~
msnd, attempt to colkct or wit pe~diny; and the (ull amovnt of exh and eve~y such payrrKnt shall bea* intercs~ from the date thereof until paid at the
rate of n'uw p~r centum per amwm; and all said cofts, chargp and expenxs incv~red w paid, logether wnh t~ch in~ereit, ihall b~ tecured by the lien of Ih~
morl~p~.
6. That in the event of ~y kx~ach of this Mwtyag~ or defauh on the pa?t oI the MORTGAGOR, or (b) in the event any of sa:d ivms of money
hrrein referred 1o be not promptly and fully p~ici wilhin Ihirty (30) daya nex~ afte~ the seme severally becoa,m due and payable, without dema~d o? notice, '
or (c) i~ th~ event each ~~d every the stipulstions, agraements, co~difions a~x! cove*?~MS of ss;d promissory note and th~s mo~tgage any or e~t1?er a?e ~01 !
~uty, promptly a~d fvlly pe~formed, dixharged, executed, ~ffec~ed, compkted, complied with and ab~ded by, ~hen in e~tFkr o~ any svch event eAe ssld ~g ~
gregat~ wm mentioned in said promissory note tixn remaining ~npaid, with interesl accrued, and all moneys secured he~eby, thall become due and pay- j
able iwthwith, a ehereafter, at the option oi said MORTGAGEE, as fulty ard completely as if •II of ~hr said sums of money were wginally st~pulatcd
ro be paid on suth day, anything in u:d promissory note or in tha MortyaQe lo the contrary notwithslanding; and therevpon ot thereafter a1 IM option of
said MORTGAGFE, without notice or demand, wit ~I law or in equity, there(or~ w thereafter begun, may be prosecuted as if all moneys satured hereby
had marured p~ar to ;ts institufion.
7. Th~t in the event tM~ at the begin~ing of w ~t s~y tirr~ pending any su~t upo~ this Matgage, « ro foreclos• it, w 1~grefwm U, o~ to enfwu
payment of any claims I+ereurxler, said MORTGAGEE sMll apply to the Cou~t having ~urisd~c~ion thereot fw fhe sppointment of t Rdhiver, tuch Covrt shall
fwthwith appoint a receiver of said matpaged p?operty all singutar, includ~~g atl and singu~sr the income, profits, issues" ~rid revenues from whatever
wurc~ derived. ead+ a~d e~rery of which, it beirg expreuly vndtrstood. i: hereby mwtqaged as if specificatly xt fo~th and dewibed in the gr~n~ing and
habendwn claus~s hereof, and such Receirer ahall have aN the broad and effective fu+xnons a~d powen in anywise cntruated by • Court to a Receiver, snd
wch appointmeM ~all be mad~ by such Court as ~n admitted equity and a matter of absoiute ~ight to said MORTGAGEE; ~nd withoul ref~rence to the +
adequacy a i~adequacy of the vatsie of fhe property mo.~y~9ed or to the sowency w inso~vency of iaid IIRORIGAGOR o~ ~he defendann, and that such
renrs, profiri, income, iuues and revenues shall bs ~pplied by such Receiver according to the lien w eqvity oi said MORTGAGEE ar~d the prac~ice of sucl+
Court.
8. To duly, promptty ~nd fully perfwm, discMrye, execute, effect, complNe, comply with and ebide by each aed every fke stiputatiwu, agreemenrs,
conditions ud covensnts in sard promissory note and this mwtgage xt fwth.
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9. ihat in the event tF~e ownenhip of the mwtgsyed prem;xs, w a~y part fhereof, becomes vested in a penon other ihan the MORTGAGOR, ths
MORTGAGEE, iri sucussors and assi9ns, may, withovl notice to the AAOR7GAOR, deal with such sutcessor ot successor in interest with referente to this
mor~ga~e and the dcbt hereby secured in rhe same maroier as wi~h Morrgsga w;fhou~ in any way vitiafing w dixharging the Morigsgors' liabitity herr
under o~ upon ~he debt hercby securcd. No sale of the premises hereby mwtgaged end no fwbearonce on the part ol ti+e MORTGAGEE or its successon
w suigns and no extension of t1x time fa the payment of the debt hereby secured given by the MORTGAGE'_ or ifs successors or asslgru, shall opeiats
ro ~e~ease, d;scharye, mod;fy cl+u+ge a~ffect the original liabiliry of the MORTGAGOR here~n, eithe? in whole or in part.
10_ tt h specifically ag.eed thar time is of the essence of this coNr~ct and that no waiver of sny obtigat~on hereuncler or of IM obl'~yation se- ~
cured hereby sha11 at any time thereafter be hetd to be a waiver of the terma hereof w of the instrument secured he~by.
11. In additia~ to the fwego'ng rrwmh~y payments of prirv_'pal arxt iMerest required by the prom~ssory noie secured hereby, mortgagw covenants
and agrees to pay to mongagee vvith each monthly payrnent a~ add~tional sum estimated by mortgagee to be equal to 1 j 12 of the annua! cost of the follow-
`ng:
A-All real prope?ty taxes lev~ed or assessed against the above described real estate.
B-Premiums on fire and windsrorm insurance as herein requ:red to bt carried on tF~e improveme~ts situate on the above described p.emises.
C-Premitrms on svth mortgage guaranty insurance as mo~tgagee shatl from t~rrK to timr deem fit to carry on the ban secured h¢reby.
!Nortgagee sha~! from time to time notify mortgagor in writing of the amovnt due and payable hereuntlet and such sum shall thereupon be dve snd
payable on the due oate of the next month!y paymeM and each succezsive mo~th thereafter ur,ti) mortgsgee shaU notify mortgagw of s change in such
am~nf. Such sums shael be aQplied by mortgagee toward the payment of real property ; taxes, insurance prcm:ums, and mortgage guaranty insurance
premiums.
IN WITNESS WHfREOF. ~he ssid MORtGAGOR has hereunto set his hand and seal the day and ye+r first aforesaid.
2 SiQned„ Seakd snd delivered in the presence of: ' a~
stE~ ~ t.C(s~
f I~EQ Ax
~ayh '<''~~''6~'fLL' D
~t.1.11C~~~ P01Zll~f ~ tc~a~
ao~ER
F ~Q e41l~ ~se.n
R~
RE~OAfl H ~ ~q ~
STATE OF FLORIDA ~ ~ ~4 ~ ~ ~ ;
~oUnmr oF st. I,ucie I~~~3
Sefore re~ personally appeared W~IIOTIi B• KOOPA
~
to me well known and known to me to be
the indiv'dwy described in snd who executed tha foregoinp instrtrrt~ent, and atkreowiedged before me that'Jhey executed the same for the p~?rposes
rherein ~cpr~s~ed.
'1Q~
WITNESS my hand ~nd offic7al sed t' day of A A. 0. 19_L,! ~
~ ,~~.C ~ ~L, ~
,
Notsry Publit in and iw fhe Staf~ of Fbrida ~t Lu~t
o'A ~es: ~
Retum Ta
t,~~~~~~~r STATE OF FtOR30A AT I~E
Fint Feder~l Savirgs 3 losn Associat~on ~1!Y~C 1~~~ EXP~R~$ $Ej~. ~ j~s
Of Forr P~erce. ~~~•.•.h~ ~ F~ ~ a~d~~~ i
fort Pierce. Flw~ds ~
Q ~?'~t V+~~1 . F
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~oNa W • co~~.( ~y~ ~ f'!~! " 1 V:}{ ~ • ;
: i ,t~~~; = _
This Instrument Prepared By ~ : ~•Y..1;RJ~~ ?,~Q,c
First Federal Savings ~ loan Association y~ ti~ ~~~Q;•~.•;~u ~
; • .ea
of Fort Pierce F10!'ids -i 7~'~j••~••~'S .;r S'-'•
~ ,~t'~. ~ ,.c ~ r,~~
~ft@C~C~ BY~ ''y1 W~NNN~yt',
•_1_'~~'i~Y; ~Y~111~Vf~? ~
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