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3. To place •nd contimraua~y kecp on tM huild~ng~ now a hsrea(t~r ~ituate on u~d lan.i and un alI equ~pmtnt snd pKwn,.tly ~:overed by this mort9-
ag~. w~~h afl premi~~~ns ~he~con pa:d in fv!t, f~rr insv~a~~te ~hs usual tt~~dsrd pol~ty fo~n:, in ~ wm ap~uo+ed b~ ehc A10RiGAGEE. and winds~am
~nswanc• in the us~al stand,ud Fo~.cy form, in a sy~n app~o~ed by ~M JNORiGAGEE, in such canpa~y or ca*+pa~~es as ~he MORIGAGEE m.y
d~~ct1; u+d all tire and w'ndsrorm inwr~nce po{kets on an~ o( u+d build.nqi„ any ir.tere~t theroin w part the~sof, in Ihe a49re9~te wm a1e`reuid or
in eacess thrreof, shill contai~ ~he v;~al ~~a~ida~d ~n~r~gagee c~auso o~ auch o~he~ c~~us~ as the Matgayes may rcyu:re, nuling tne loss unde~ ia~d po~i~
cits, each ~nd ev~~y, payab~e ~o said AWRiGAGEE as ~~s in~e~esi may appeae, and csch and eve~y si,ch po~ic~ shstl tk p~on:pUy sss gned a~d de~ive~ed to
aoy heW by sa:d S10R(GAGEE as iurrn~-~ s~-cunry ro ss~d matpa9e deb~, and, not !eu than te~ lIQ) days in ad~.~nce of tne e¦p~rarion of exA po~Ky, to dr
Gver ro said NORTGI~GEE a re.~cv.al Ihe~tof, to9ethe? with a rete~pl for the prrnium of such renewal: a+~d iharo shall be ~a f:re o? .v~oduot~n i~~urant~
pl~ced tn any of sa~d build~~g:, any ~~uerest tnere~n w part tF.ercoF, unles~ in the fo~m and vr~~h the toss paYable as ~fo~esa~d; and in the ~veM ~ny swm
ot money becanes payable ~ndcr wch policy w pol~ues said MORTGAGEE ahall have ~1w opt~on ro rec~~ve ~~r,1 apply the sa+ne on account af ~M indebted~
ness secved he~eby o~ ~o pe~m~f s+~d MORTGAGORS to recrive and uie if a any p.+rt ~hereol ia o:nrr Hw;~osrs, .~~~nc...e ~h~~.o~ wa~~~.~i or unpa~r-
1ng a~y squ~ty, I~cn or ri~ht ursdc+ w by virtue of ~his mo~'gage; and ~n ~hs event sa:d AIGRIGAGORS shall fp any ~eason 1ai1 to keep the sa~d pre~+ius so
insured, or fail ro drGve~ prat~ptly aoy of said po~k~es of insurance ~o sa~d MORTGAGEE, er la~l p~omP~'•V ~o FdY f~~=Y ~+Y pre~-~~um ~hcre!or a in anY
respect fail ~o pertorm, d~scha~ge, executa, effKt, comptete, comply wi~h ~nd at~de by th~s covenan~, or any pa~t he~eol, sa~d MORiGAGEE may plate +~*d
paY fo~ such If131i1d11CQ Of any part thcreoi w~thou~ waivinp er atfectirg any opt~on. lien. equ~ty, a right unda a by v~rtue oi this Mafgaqe. and the
f~ll a~nount uf each and e.ery such paymrm shall be ~mmedJately due and payable and shal~ bear enterest f~om 1hs date thereot vntil paid at th~ ute of
mne per :rntum ~ ann~m a~Kl togr~hrr hifh such inrr~est shaii tx securcd by the lien ol th~s mwtgagr.
1. To permit, comm~l or wf(av ~o waite, impairmcnt w dcterio~ation of saiu pro~ty w any part the~eof-
5. To pay all and s~ngul~r the costs, charges :nd expenses, including a reasonable atr«ney's (ee a:d costs of abst~ad• a( ti~le, incurred w pa~d at
eny t~me by sa~d MORiGAGfE, because a in the evem of the (+~lure on ~he part oF ~he said MCRiGAGOR to d~iy, prpnpltY and tu11Y pe~Fwm, d~xharg~.
execute, e~Fec~, tanpiet~, complY w~th a~d ab c!e by each and every the stipi,~atw~s, agrecmenrs, condit~ons. and tove:~ants oi sa~d F~~n~ssory note and thii
.,,o~rgage ar.y w r.thee, and w:d costs, charges and eapenses, euh and every, sha~l be immed~atel•~ due and payab'e; whe~htr o~ no~ rh~re be no~~ce de
:ua~w~. allempt eo to;iru w su~t pend.nq; and the full arr:ourtt of cach and eve+y svch payme~t shjll bea. in~rrcs~ +~om ~he dste the~eet umi~ p~id ~I the
~~e Jf n~M pC~ cenrum yer an~iu:ry; a~w .~fl said cos`s, ci.a~ges and eapenses incurred o~ pa~d, toy~tf~ w.~h such inte~est, shaU be secured by the (ien of th;s
mor~9age•
6. TMt (n) in t!+e event of any breach of Ihis Matgage w defa~~t on the pa~t of the MO~iG~1GOR, or ;b) the event eny of se[d sums of money
hrreirt refz~.ed to be nOt prwnpt(y and tu:iy pa~d wiih~n th~rty (30) days ne~t at~er the same severa!!y becane dve and payable, wi~hou~ demand o~ oor~ce.
er ;c) ~n rhe e.cnt exh and evc~y the sup~la!ions, sgreements, conddio~s and covenann of sa•d p,ao~sw~y note a~~d tha mor~gage u+y a e~~her +re not
iv:y, pra~~ptly and lulty pcrformed, d:scMrged, executed. effected, compkted, compl~ed w~~h and +b~Jed yr, then in e~~hrr w any such event th~ sa~d ~g
~reyate sum rrK~noned in said pro~:,~ssay nore then re~rwlning uopa~d, with inierest accruad, and a~l moneYS secured hereby, ahall become due and pay~
ao~r fo~thw~th, er thereaffer, st the ope~^~ of sa~d MORiGAGEE, as fully and comple~ely as if alI of the sa~d sums of money were ongin~lty s~~pviated
!o be pa:d on such day, anYthing in sa.d p~om~ssory oote w in ~his lKortgage to the ca~vary norwi~hsiand~~g: a~id therevpon w:h~~ea(tr at tles opt~on of
sa~d MORTGAGEE, M~~tfiout not~ce w d_wna~,d, svit at !sw w in equity, tl.crefwe w thereafter begun, may be proxcuted as if aH mot~eys fecu~ed he~eby
nad matvred pr~or to ~ts insutut~on. •
7. ihat in the event that at ~he beginn~ng o( o~ N any time pend7rg any su~l upon this Mwtgage, o? to tweclose it, or ~o refwm it, or to enfores
payment of any dauns h~~eunder, u~d fAORTGAGEE shall applY to Yne Cour~ having ~u.~sd~t+:o~ tFxreof !or the appo~nhr.ent of • Receiver, such Coutt ahail
forrhwilh ~ppomt a rece~ver of said m~rgaged ptooerty alI and singuiar, inti~el ~~y nit and s6yv:ar the inco~r.e, prof.?s, issues a~d reven~es trom whatever
seurce dz~~ved. each and eve~y of v~h~ch, ~t be~og exp~ess!y u~ders~~od, ~s hereby morrgaged aa if spec.f~calty set (a~h and dexnbed in the granung and
habendum da~~ses hereof, and such Rece~.er shad have aN the Woad and effece~ve (unct•o~u and powen in anyw~se ~i~a~ed:bY+~Cou~~ to a Receiver. and
s.ch appointmrm shaR be made by wch Cou*t as an ad~~~ittv! equity and a matrer ol absolutt rigAt fo said M~Ai6AGfE,-and w.thoMj rofere~ce to the
adeq~acy or inadeqvacy of the ralue oi the p~openy mortgaged or to the so~vency o~ msot.•ency of sa~d MORTGAGOR w the defendants, and ~hat such
rr~fs, o~of~ts, incane, issues and ~c.en~es stmil be appi~ed by such Recr~,rc~ accwd~ng to_ the liet~ or .eq~ity o( sa~d MORTGAGEE aod ~he practice oF such
Court. "
8. To d~'y, p+o=*+p~lY and ~ut!y perforrr., eischarge, exe:utc, effect, con+pte~e, comply w~tfi:~nd sb~de by each end every the stiputations, agreert:ents,
co~dirions a~d covenar.rs ~n se~d prom~ssar~ nore and sh~s mc:tgag~ set iath.
9. Thst in the event ~he owne~sh~p of the ~nortgaged prem~ses, w any part thereof, becwnes vested in a person other than the MORTGAGOR, ths
h!ORTGAGfE, its successors and ass~gns. may, vv~~han rwt~ce to the ASORTGAOR, deal w~th svch successbr w sucasaor in interest wi~h refere~+ce lo thia
r.~o~igage and the deut her~, y sec~red in the same T3n~f as v~rfth 6lortgagor w~thout in any way viriatinp or d~schirgiog tF?e Mortyagors' Ii~biLry here-
~nder a upon fhe deb~ h~•~~v, s_c~•ed. No aa~e of ~he Frem~ses hereby rrwrrgaged ~nd ~ forbeara~c¢ o~ ~he pu~ of Ihe MORiGAGEE a its successors
or ass~g~s and no exte~ s u+: ot rhe t~~ne fw the oayment of the dcb~ here6y secured givrn by ihe MOR~GAGEf or its s~ccessors or assignf, a~~all operate
to rrlease, d.scharge, mod,~y change or affect the or~g~nal 1iab~;~ty of the MARTGAGOR hereio, ei~her in whole or in pa~i_
10. It is spec,ficai;y agreed +hat time is of the essence of this co~tract and thal no waiver of any obl~gation hereuntkr or of the oblgation se-
cured hereby sha!~ ~t any time rnrreafter be held to be a wawer of the terms hereof or of the irutr~ment secured herby. ~
I l. In icid s.~~ ro ~he fo~ege «g ~ncnrh'y paym~nrs of prmc pat and inreres~ requ~~ed by the prom ss:ry no~e secured herebr, mortgagN eovenants
r~~d ag~aes ro pay to v'9agee v~~~h each monrh!y pa~. :ent ar. add~~~onal wm estn:ated by mortgegee ro be equai to 1, 12 of rhe annual cost of the foll~w-
:ng:
A-A!t rFa' prope+ty Taxas lened or assesscd agai•~sr thc above desc~ibed real estate.
6- F:a~r. ~:,s on 1:re and w~~~dstorm ~n:vracce as here~n ~equ~red to be ca:rierl on the improvemt~ts savate on the above described ~remises.
C-Pre~*:+~_n.s o~ such morrg:~ge gua~anty irjyr~r~e as mo~tgagee shall from Kme to time deem (it to carry on ttk ban secured hereby.
Mongag~~ sh„'i 'rom r;-nr to r,~:e ncf~i~ mortyagc~ m writ~ng of the amou~* d~e aod payable he+eundrr and svch sv:n sha!t the:eupon be dur and
~~.a5!e e~ the ci~e dafe of ihr next n:or.thty payment a~,c! each succes:~ve ~*nnth rhereahcr untii mwtga~ee shall not~fy mortgagw ef s change in such
a ou~r. S~ch s~~ns s~a ~ be apF~.ic~ by mort3ag~ ro~+~a•d the payment of real propcrty taxes, ~nsurarce {xen,.ums, and mortgage guaranty inwr~nce
• em i~ms.
IN YiiTlfE~S ti+H:~O rne sa~d MURTGAGOR has hereunto xt his hand a~d seal the day and ear'irst afwesaid.
S~gne~, Seated del:ter d'n presence oi: ~ ,
fiLEO ANQ RCCOR~ ~'L~ ~
m . i ey
ST lUC1E GOIi~T~ . {Seaq
- ~ ROCEF POITRAS ~Q „
- - CIERR CIe~CUiT COURf ~ ~ (~e,n
RECORO VERIf~ED
S~:+TE OF fLURIDA ~ 2~ ~3 aM t
; o~hr~ o~ - St . Lucie _ ~ 2~1_i
Before me pe~sonally appeared Wllllat9 l.• Bd11eV ~r~
_ I.O15 Ba il ey h~s w~~e, to me well known and knowo to me to be
rhe ~nd~viduals descr~bed in snd who eaecuted the forrgo~r~ instrument, and acknow:edged before me that they execu:ed the same for tha pwposes
rherein eapressed. And the said__- ~.O 15 Ba i 1 ey
+.•[ie of the sa;d _ W1111aID L.~ Bailey
_ ~q~o(+.~.~ Md Pmra»
e~am~nat~on by rne taken sepa•ate and anart from her sa~d husbir.d, at4nowledged to +nd befwe me that sh aetused sai{l [O~t1j~i~h?~ft~ ~~nd v01un-
, ;
ra~dy and wnho~t any comp~:sion, cor.srramt, apprehens. or fear of or from her said husband.
WITNESS my hand and oifiual seal th~s___ ~ day o} une Q; ;19 -
- • 4 .4.
• S'
~ Not ry Public in and f r 1 ~ ! Ctfy~
My omm~ssio~ expiret: !r:~ - -J :t~V- ~ ,
Return TO: ' ' ~ . :_t~~. ~i .
NOTARY Pi18UC STATE GF FL
F~rst Feder~l Sa~~~g• 3 loan Assoctat;on MY Cd'4s!.i1SSi0N EXYIR~;; M~n A~
\ .
oi :cn P e~ce G£NERAI INSURAhlCE UNDERWR~
f ~S
fOtt ~~erce, ilcr~da \ - _ "
. . '
3 o~ - 7 J
Th~s tnstrument Prepared By RiChard K. Kayes
First Fed~ral Savi~gs 8~ loan Assotiation
of Fort P~erce f Flotida
Checked By dGOK ~~7v 1~~
P