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TO p~Kf and co~t~nvovaty keep oo rhe bu~!d:ngs now 01 MlN~fN s~tw~~ o~ s~~d land a,d on ~U equ7pmen? ~nd ps.ionally cov~red by thb mwty~
~g~. w:~h a!I ~xem~urn~ ~heieon p~.d ~n futl, t~re inwr~nu .n ~M uswl •u„d..d Poicc~ fwn+, in ~ wm apWored by ~he MUR'GAGEE, ~~d w~nds~am
~~~w~nce io ~hs utiwl si~nda.d ~v4ay r«m, in • sum ap~xoved by tM MORTGAGEE, in such canpshy o+ caTpanies ~i tM MORiGAGfE msy
d~rect; all 6rs a~zd w~ocluann ~~~sur~nts po:iues on aay o! ~a+d budd.nQi. iny inlerrst ~he~ein w parf Iher~l, i~ she ayy~rqa~e w•~ ~taes~~d w
:n eanss ~Aenof, shal! cc~.re,n iha us~a! s~a~lda~d mwrgage~ clavs~ w. svch o~h~x dws~ ~s tlw, A1or~ys~cs may requ~re. m,?~n9 ihe iw~ undea aa~d po1F
N'~. lKII ~IKI lvNy. {1~YJ~tI b a.+d il~)RIGAGEE ~f u• imere?~ may ~ppea?. ~nd ~ach ~nd every tuch ~!~cy tt~at! ~ qoenp~ly ps g..eai ~~.d dvliv~red ~o
aiy held by ~a:P ubJRIGAGc. aa ~w~h„r srcunty to fa~d ma~pag~ drbt, ~nd. no~ less IMn ~en (10) Jays in adva~xe al ~he eRp~r~t~on of each po,~cY. to d~-
hv~r ~o a~~d A~ORiGAGEt a re~kv,rl tf,c~eo(, toys~lw wi~h a ~ecaipt for ~he p.om;win o} tuch ~e+~ewat; and ~here stu11 be ~o I~~e o. w~~.tiuo~m insur~r~t~
ptxed on aoy ot said build,rys. any inMrett thrrom d pa~t the~eo}, unteas in ehe (am and wilh th~ ba pay.+b!e ei staafaid: artd in Ihe evenl ~~y tum
c mon~}r beconxs pay+bie under sucA poticr a po1K~~s sa~d MORTGAGEE sFwll have the op~an to ~ec~~.e a~~d ap~,iy ~he sa~~~e on accwrnl of ehe i~xie ;ted-
~e~s srtured hrreby w ~o perm~l sa:d MpRTGAGORS ta reeeiw snd v~ it or •ny p+~t thcreaf to. v:i~~r (iU1( Ol~i. ~'~+I~IUJl r1~ •n ui w•;~~~.,,~ o~ .~~~pe~r-
~~+g any equ~ty, Gen a nyfi~ u.+drr or by vnr.~e o1 U,is mu:tgape; ~nd [O lAp fVMt ~~=<I MORTGAGOaS sAall tw eny reuun fail ro keep ~he sa~d premises so
~nsured, w iail ro del~.a~ ~ump!ly any of sa~d pc+l~uca of ~nw~ance to sald MORfGAGEE, or fa~! p~ony:~;y ~o pay fu~ty any pre~~~wm ~here+« w in any i
~es+xct f~il W perf.xm, d~sche~~e, execute, etlctt, complNe, comply wirA sod ab~de by this COVen,fnl, p any par~ htreol, seid MORTGAGEE m~y piate •nd
p~y f~ such insuren~e o~ ~ny pa.t therMi w~tAoul waivin~ ot stfectir~ any optiqn. li~o, eqw?y, w nghl unJer a b~ virtue ol lhis Allplya9e, and tht
tu1! anwunt of each a~x! e.e+y w<h paymeat :~ut1 be ~m~~ec{;~tefy dur u+d payabts a.x! ~ha71 bear interest f+a» ths dats 1lrereol uMil paid a1 ths ~a~~ ol
n,r•e pcr ieot~~n yar a~inc~n and toJrnc~r N~rh svch intr~ef? shali be secu~ed by IM lieo O~ Ihi~ mort9afla.
~ To permi~, commi~ a sufler no waste. impsirnK~t w dct~~o~a~ion of wid property o~ any parf the~eof.
S. io pay afl and s~rquls~ the cos+s, elw.ges w+d e~penses, ~nc~udi:+g a?easa+able Ntar~ey's toe a~~d co~rt of ~6strsui o( ~~fle, i~curred w pa~d a~
any t~me bY ~+~d MORtVAfi:E. lxcavac w in fhe event of the tailure a~ ~he p~! o) ~As s~id MORTGAGpR tp duly, pra~ip~ly and fu~ly ~rlprm, d~xha~9~.
e~rcuta, effec~, ca..ule~e. compty N~~eh a~~! ~bd~ by each a.+d e~ery fhe sr:~,lauona. agrec~~,ants. cond~nais. ~nd coYe+t•~~~s o( sa~d p~em~~swY note and ~his
.~,cxtgaye any ~x e~~he~. a„d sa~d coirs. charges and expenses. ea:h ~nd wery. sh+tl be immad~atety dve and payable: wherFur a noe rhere be no?~ce da
ma~. a?temp> ?o coltn~ or au~t prn.i•~g; ~nd ihe full amov~,t at esch and ~very such payment she~l tx~~r inte~rs~ hom ~he dats thereof until paid ~t the
o~ ~u~ie ~~e. ce~.~vn, pa~ am,~m; a:~e! said cos~a. tra:~es e:ui e.~.ti,ua ~ocu.red w pa~d, togo~her w.~h wch ~ntr~es~, shall be ~ecwed by ~h~ (~en ot thu
nw~rtg~~.
b. lhat (a) in the everN of any brrach ot this Mo+tgafle or detault on the part o( the AlOA1G~IGOR, o. ;U) i~ ~he event ~ny of sa+d i~ms of money
herein ~efe~rrd ~o be not pra,n~,rfy ard fvily ~;a~d wlthin 1h~~~Y (30) days n.xt aftcr the smne aeveraity 6ec~~ne due and payable, w~iF~u~ demend a notice.
er ~c) in the e.ent exh a.~d every the ~tipuianons, sgrrements, condit:a~s and covenants o! sa.d pra~iiswry note and th~s mo~~9~ye a~y p eilher are nol j
i~ly. p?omptly and h~tly p~rforn,~d. dacM~gc-d. eRecu~ad, eltected. comp~eted. compt~ed w~Th and ab,drd 5y. then i~ e~~her a any such ev~m tM s~~d aQ s
grryat~ wm .rennoned ~n sa~d p~a~~~sswy note thr~ re•.um~np ~npa~d, with inte~esl acuued, ~~~d atl mc~~rys sec~red he~eLy, sMN becorne dut ar~ p~y. ~
ab:e ia?hw~~h, cv thrrraf~rr, a1 the opr~on of sa,d MORIGAGEE, as tully arcl comple~ely ~s il slt ot the ae~d wms ol money were a~g~nally ~t~puleted ~
ro be pa~d o~ such d.:,. a~,yth;ng tn se.d aeom~ssay note w in thif µortgage to the caznary notw~~hstarul,~g; and ~herevpoo « ihereaftN al ~Fk ophon of
s+~d MORTGAGEf, ~.rr,:.~•r n~nca w dcmand. surt at law a in equ~ty. tlK~efae or thereal?er treyvn. may be prosetu+ed as if all mo-kys ~etured he?eby ~ !
r.ad marwed pe~pr to ~ts ~nst~TVT~on.
7. That in Ihe e.rnt !hat ef +1x beginning of p ~I any tinK pending any sui~ upon ~his Mortgage, o~ to toretlOSe i1, o~ to re~wm il, o~ fo enfo~c~
~a.K:en~ of any de~~ns he•r.,=~,i~_r. :a~d nteNtTGAGEF shdl appty' to the Coun havirg ~vnid:u+on thcnwi fw fhe appo~mme~~ of ~ Rece~vcr, such Co~rt s?~all
Ic •h.v~h appe~n~ s recei~r• of s;~[d mor.g~g~ p~oee~ty sll ~nd singular, i.ul~d.ng all and su.gular the i~conK, prof~t~. iasves a++d reven~s liom whateve~
se~•ce dr.~.cd. each a~~ rvr:y of ~vh:ch. ~t ~.ng expressl~ understooef. i~ F~reby ma~gaged ss if speol~cally set (ath snd described i~ ~he yrant~ng and
hatYrdum c auses he•eof, and suc~+ Rccr~Yrr shall ha~ve ?!1 the b~oad a~td effedive funthons and powe~s in anyw~se eatr~sted by a Cou.t to a Rcceiver, •nd
s.:h appoin:menr shal: ~c ma.ie by au:h Court as an ~dmittrd equity and a matter of absolute rigM ro uid MORTGAGEE, a~d w~~hout rete+ence fo the
adeausty o~ ~nsdeq~acy of the vslve oF rhe properry mo.tgaged or to ihe w~vency w•nsolvency nl sa:d MpRiGAGOR o. ~he dete.~d~nts, and thaf such
•e•.+s. p~olas, irxa»e. ~ss~rs •nd revcnues shalt be applied by such Rete~ver accwdu~g ~o t!~e tien or equity of aa]d MORiGAGEE ar.d the practice of such
Co~;rt,
8. To d~!y, Fia^P~tY ar+d fufly pNfam, discharge, execute, eilect, complere, comply with an.~ ~bide by esch and e+rery t}» stipulations, agreements,
co++d~t~ons a~d core~anes ~n se~d promiaswy notQ and th~s mor(gage set forth.
9_ Th~e cn rhe eveat the ownrrsh;p of the morrgaged premius. or any parl thereo(, tecomes vested io a perypn mher than the MORTGAGOR, t1»
~1~ RT;,AGEE. cn s~KCessws and ess~gns, may, vrithour noiice fo tix NtpRiGAOR, deal with such succeuw or wccessor in inter~st with refeaence ~o lhis
R~o•~gage ~nd ~t+e d:•or nr:eby secv.cd ]n the same maoaer as wnh Mortgsgor without in any way vitialing or d~xharging tM Mortgago.s' liability I+~rtr ~
;.~~der or ~pon tt,~ d~rt h,::rU„ ~n,,,z.d. `o sa'e oi ~he Frem~ses hereby mo~tgagcd and no (orbearance on Ihe part a( the MORTGAGEE w ifs s~ccessora
o~ ass:g~ ard ~o ex~ers•~n ot rhe• r„nr iw rhe psyn:ent of the drb~ hercby securKf given by the MORTGAGEE or its successws or ass~g~u, shall operat~
~o rc~eau, d.scha~ge, mai~fy change or a!fetl the w~g~nal Iiab~S:ty of the MQRTGAGOR herein, e~tFxr in whole or io part.
10. :t ts sp.^c:f~cat;y ~h~r rirne is o( the esxoce of this contracr and that oo waiver of any obttganen hereunder or of the obligstion se-
,::~ed heretry shai. at ..i~ ti~m eh.:reatrer ~~Id to be a wa~ves oF the fetms hereot o~ of the instrument secured herby.
' i
_ I 1. !n aid !ne fo•sg~: ~non!h!y paymenrs of pr:nc pal and interest requ~red by the prom:ssory no!e srcured hereby, mortgayor covenants
d~'ees ~o .^a? To ^.orr~agee ~.~rh each ~nan!h~y payr,.ent an add~rional sum es+:~•aeed by mortgagee to be equal to 1; 12 oi the annual cost of the follpvv-
A-..D r~a+ ; rop~•*y ta.~~s te~~e~ o. assessed aga;•ist thc above described real estate.
B-F+;•^ ;°s o-a t•-e and ,,,:;risro•.n ~~~s~rarce as here~n requi.ed to be can;Fd on the ~mproveme~ts :~t~ate on thr above described premises.
C-P+err~~ue~: on sucfi ~^.~rty_,Qe gua+anty ir.wro.,ce as mortgagee shail from t•me to time deem fit to carry on the ban secvred ixreby.
Mw!gagre s^s t~•,•.~- fc r.:ne ncr~fy.mo.tgager m wrin~g of tfie amount due and payable hereu~drr and s~ch su-n shatt thrrevpon be due and
ab!e on ~he ~t,~; ef ihe re¦r rt,onrh:y paymem and each successive month thereafter ur.til mortgagee shall not~fy muetgagor of a change in such
e-~u~t. Such s~.rs s: ~=e aF~;aed 'by morrgagee toward the payment of real property taxes. insurante prem.ums, a~~d mcrtgage guaranty insurante
:--•eT~vms.
IN \VtT>JE,_ '.:HE~~.~.~ +'r.e sa~d MORTGAGOQ has herevnto set his Fand and seat the day and year {irst sfwesaid.
- i~ 5~g Sea!ed detivred i t rexnce of:
F~~EO RFC~ROfa
~ - sr wc~~ couwTr ~u. ~ ~ '~`~-a-, .n
~QCfk FptTqAS cs~,n ~
T- CIERK C1FCUIT COUp?~ '
- RECORO vERtFIEp„~~„~~~y~ ~s.ap 4
- ~ a-. ' ~Sea~
S::.TE Of flORIOA 1~ I~ ~ PN'71 2111Uw
_ ~;,~~TM ~ St . Luc ie ~ ~ ;
~fa~ ~„o,~;,Y ;P~a~ Violet Sherrin, a widow ~
PyOm( to me well known and known to me tp bs
i^•^ ~~d~.r~dwl~ dexr~bed ;n and who eaccured the fucgang instrument, and ackrw~,ledged before me that ~ executed the aame fa the pwposes
rherei~ exp~essed. ~ SbP_
1~J00C~OO~ -
wtTNfSS my nand and o1f;c;al seat th~s-- day of Ju e ~~y p~
~ ~ ~ ~ • :
Notsry Pu61ic in a~+d (or thq~ ~ at _4~ry~ _
- ? My Comm,ssa~ expirts: ,:}~I. ~j~^+~!
RC ~'llll 1 . , i y / '
i;~st Federal Sav, ~s a. laan Assoc7at,on '1 ~ ' . - ~
~~j Vt'CC i,i-~~•
Fo+t G,...~.. s, ,,~i l t')~ •y ,~y•• •,••:,~G.i`.'.1•Y~.
_ ~`,•C
: +i - ~
?h~s t~strurr~ent Prepared By P.iChard K. Kayes
F~rst ~ecferal Sav~rcgs b toan A3sociation
' of Folt Pierce, Florida
Checked By,~ ~ ~
~
;oox 1~3 1i28
~~l11 .