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3. To plec~ and cominuously 4eep on tM buitdingt now o~ hersaft~r utwte on sa;d land and on all equ~p~nem and pcrsonally covered by thif matg-
ag~, witti ~11 prcmi~ms ~hereon paid in full, (ire insurante in 1he uiual staidard policy lo~m, in s sum app~oved by the MOAiGAGff, a~d winds~orm
i~iurana in Ihq usual standard policy iam, in a ~um approved by the MORiGAGEE, i~ ~uch co~npany or can~an;e~ as the MORTGAGEE may
d~~«r: ..~d ~11~ 1ir~ and windetpn» inwrance palicies oo any o( sa~d bu~ld~ngs, a~y inleresl lherein o~ part Ihercoi, in the aggrrgara sum ~fassaid w i
in ~xtsts IherepF, fMll tontain Ihe uiwl slandArd malgagea tlavse a iuch o~her clause as Ihe Mor~yagee may requue, making tha lot~ under sa~d poti- ~
uei, eath •nd every, payable to ~aid IYtORTGAGEf ~s ~tt interesl may appea~, and each and eve~y such po~~cy ~hall be prompUy •ugnrd and delivared ~o j
•ny held by said MORTGAGEE as (urlhe? secu~ity lo ~aid nwrtyage debt, and, not tess than ten (10) days in advs~ice ol the expiratioo of each pof~cy, to de-
Gve~ ~o iaid MORTGAGEE a rcnewal the~eof, to~ethe? with a rece~pt fw fhe pre~nium of such renewal; and ~he~e shaU !x no f~re ar w:~,dsro~m insurance
p~aced on any o1 iaid buildirgs, any Interest therein or par~ therrol, vnless in tM form and wi~h ~he los~ payabk as afo~e~aed; and in the event any sum
of nwney becomes payable uodst suth potity or policiet uid MORTGAGEE shall have ?he optwn to receive and apyly Ihe same on accounl o} the indebted-
ness fetu~ed Mreby Or W permit ~aid AM1ORTGAGORS to ~eceive and use if p ol~y parl d~~eof for oth~ r liWF O3CS, W~~~1GJt th,..u~ w~~.~ i3 cr ~n~p~ir-
ing ~ny eqvity, lien or riyhl undc~ ot by virtue of this ma:tpage; s~+d in Ihe event tiaid MORiGAGORS shall (or any reason faii to kcep the aaid premises w !
insured, p f~il t0 delive~ prompfly ~ny o( said policies of in~vrance to ta~d MORTGAGEE, or iaif prornptly to pay fu;ly any pre~n;~m therefor or in any ~
.especf lail to pe~twm, d~scharge, execute, effed, complete, comply with and abide by this covenant, or ~ny ps~t htreof, se~d MORiGAGEE may piace and
pay for such insu~ancs o~ ~~y part thereo( wilhout waivinq or affectinp any optio~, lien, tquity, or righl under a by vi~tue of this Morfgage, ared the ;
fult amount ot esch ~nd evsry ~ucA p~yment shell ba immediately due and payable and shall bear imeres~ from iha dare thcrcof uniil paid at tha ~ate o~ f
nine pe~ centum per ~~num and togethe~ with wch imerest ahafl be secu+ed by the lien o( this mortgage. ~
4. To pfrmit, commit w suffer no wast~, impairmero ot deterioration oi sa~d property w any part thercoi.
S. To psy ~11 ~nd sinyvlu Ihe costs, tharpet and expenses, includi~g a reasanable attaney'i fee and costs oi absrracrs of title, incu+rrd o~ pa;d at
any time by said MQRIGAGEE, because p in the ers~1 0l the failu~e on the par~ of ~he aaid MORTGACaOR to doly, p~omptly a~x1 fv:ly pertorm, d~scharge.
execute, elfett, comptete, comply wdh and ab~de by each and every the atipulat~ons, ag~eements, co~d~fiona, and covenanrs oi iaid pran~:sory noie and this
mortga9e any or e;~her, and safd costs, cFur9ea and exper?sea, exh end every, shall be immed~ately dve and payab:o; whe~her a not tF,ere be nor;ce de~
mand, attempt to co11Kf pr tuit pend~ng; sod the fyll amount of cach and every fuch payn~ent shall bear interett fram the date thereoi until paid at the
raTe of n;,x per centum per annum; and all sa~d costs, chargea and ex~nses incu:red w paid, togc~her wdh such inreresr, shall be secured by the l~en of 1h~s
mwt~e9e.
6. Tha1 (a) in tF?e evenl of sny lxeath of this Mortgaye o? default on the part oi the MORTG~G~R, or (b) ~n the event any of sald sums of money
herein referred to be not promptly end fully paid within thnry (30) days next aftcr the same severafly become due and payable, witlwur demand or noeice,
or (cj in ti~ eve~t each ar~d tve~y fhe ttipulafions, ag~eements, conditiom and covenenes of sa.d pron,issory notc and th:s mortgaye any or either are nol
luly. promptly and fully pe~formed, d~uharged, exetuted, effected, comp{eted, compl,ed w~~h and ab~ded Sy, then in e~the~ w any such event the se~d ag
grrgate sum mentioned in ~sid promissory rwte then remaining unpa~d, with inte~est accrued, and a11 monrys sctured bereby, shall becume due and pay- !
abie forthwitl~, o~ thetealter, st the option of said MORiGAGEE, as fully and completely a~ it aIl of tl,r sa+d iuma of money were a~ginally st~pulated ~
io be pe~d on such day, anything in sa;d promisswy note or in this Mortgage to ~he comra~y notw~thstand~ng; and thereu~wn or thereafte~ at r1e~ option of
:e~d MORTGAGEF, without norite or demand, suit at law w i~ eq~ity, therefore d thereafter begun, may be prosecuted as if all mo~ey ~ecured hereby
nad matured pnw lo its irolitulWn.
7. ihat in the eveN that at the beginning of or at any time pending any suit upo~ thiY Mortgage, w to ~orectox it, o~ to reform it, or to enfores
payment of any claims hereunder, said A10RIGAGEE shall apply to !he Court having ~unsd;cnon thereof for the ~ppointmero of a Rete~ver, such Court shail
Forthwith appoint a rece~ver oi said mortgaged property all and singuiar, includ~ng all and ~ingvlar the income, prol~ts, is~ues ar•d revenues from whatever
seurce de~ived, each and every of w6Kh, it beiny expressly undasruod, is hmeby mo~rgaged as ij speaf~ca!!y xt forth and dexrlbed in the granring and
habend~m tlauses hereof, ~nd such Receiver shall have all Me broad a~xl effechre funcnons a~~d powers in anyw~se entrusted by a Court to a Recciver, and
•:.ch sppointment shall be made by such Court ~i an admittrd equity a~d a matter of abiolute right fo said MORTGAGEE, and without re(ere~ce to fhe
adequacy w inadequacy o1 the value of the prope~ty morfgaged or to the so~vency or ,nsoivency o( said MORTGAGOR d the defendant~, and that such j
re•,~s, profits, income, issuet and revenues ahall be applied by such Rece~ver accord~ng to the lien or puity of sa~d MORTGAGEE a~u! the practice ot sucA
Courf. ~u
8. To du1~, promptfy ~nd fully perform, discharge, execute, effec?, complete, comply with and abida by each and every fhe stipulationi, agreements, •
i
co itioru a~d tovenants in sa~d promissory rata and this mwtgage set for~h.
9. Thst in the event tFx owne~ship of the mortgaged premises, w any part Ihereof, becomes vested in ~ person other than the MORTGAGOR, the
A10RTGAGEE, in successws and assigns, may, without notice to rhe MORTGAOR, deal w+th such sucteuor w wccessor in interei~ with re}eronce to thi~ '
mortg~ge and the deb~ hereby secured in the same manner as with Mo~tgagor without in eny way vitlatirg or d~scharg~ng the Mortgagori liability herr {
under w upon the debt hereby secured. No ssle of the premisea hereby mortgaged and no iprbearance on the parf of the /~AORIGAGEf or its successors ~
or ess+gns and no exrension o! the time {or the peyment of the debt heceby secured give~ by the MORTGAGE' o~ its successors or oss:gns, shall operate S
to release, d~xharge, modify change or affed the ongmal lia'viliry of the MORiGAGOR herein, eitFxr in whole u in part. t
10. It is spec~ficatly agreed that t~me is of the esunce of this contract and that no waivr of any obt~gat~on hereunder a ot Ihe ob{gation sr ~
cured hereby shall at any time the~eaiter be held to be a waiver of the te~ms hereof w of the instrument securcd herby.
11. !n aad:tion to the forego:ng moMhly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~
and agcees to ~ay, to mortgagee ~nith each monthfy pay~:~ent an add~~ional sum est~n,ated by mortgagee to be eqval to 1,' 12 of t~ annual cost of the follow-
ing. .
A-A!1 reat praperty taxes levied or assessed ag~insl the above described real estate.
B-Prem~~~r.s on fire and windsto~m i~surarce as herein req~;red to be carried on the ~mproveme~ts s;tuate on the above described premises.
C-Premiums on such mwtgage guaranty insurar.te as rrwrtgagee shall from time to t~~ne deem fit to carry on the loan setured hereby.
Mortgagee sha!1 '.rom nme to t~me notify mortgagor in wri~~ng of the amount due and payable hereundrr and such sum shall rhereupon be due and
c~rable on the due date of the neat month!y payment and each successive month thereafter un!i{ mortgagee shall notlfy mongagor of a change in such
a°~oum. Such sums aFall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~td mortgage guaranty insurance
e-emiums. _
1 WITNESS ERiOF, the said ORT6AGOR has here~nto set his hand and scal the day and year fi~s~ oresaid.
ne , Seal an ' er ' the presence of:
~ ~ atj
erna . a r
}1 (Sean
'~r
. Y QjI (~es~)
cs~.n
STATE OF FLORIDA 1
couvrr oF St. Lucie
i
Before me personally appeared Bernard W. Varley .
Ruth M. Varley h;: W~r~, to me well known' and known to me to bs
rhe indiridua(s desv~bed in and who exetuted the foregoing instrument, and ack~owledged befo~e me that they e:ecuted the same for the purposes
rhe.ein expressed. And the sei~ R11t~1 r'1. Varley
w~te of the ~afd Bernard W~ Varl~/ ~ upon a scpar~fe and privat~
e¦am~n~tion by me taken separate and apart from her said husbsnd, etkrwwledged to and before me that she ezecuted said insfrumem freely and volun-
~ar~ty and without eny compuision, co~straint, app?ehepsiop or fear of or from her ~aid husband.
ds of S tember 71 `
WITNE55 my hand and offic;~l se~f this-~r Y A. D. 19
FIlEO AND RECORDEO ~ ;
ST. ~UCIE COUNTY FLA. Notary Publ~c in end for the State o( IoNd'a'i!•lar
ROCER POITRAS ~r
Returo To: CLERK CIRCUIT CO1N~T My Comm~siwn expires: ~~~/.~,1
JS..~
Fint Fedcra! Savinga 6 loan As~ociation RECORO VERIFIEO : , ,
- sJ • ;
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O( Forf P;erce. ~ ~ Q 3 i~ PN' / I ~ ~ - ~
Fort Pierce, Florida : ~ G' ~
'~~j'~ 'r.`'_ .
21S446 .
;
This tnstrument Prepared By RiChard K. Kayes
First Federal Savings b loan Association
of Fort Pierce ~ Florida
Checked By ~
BOOK~95 ~~E1498
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