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3. To p~acr and connnuo~s:r Mzea c•~ t•,e c,..i ~.as n: ~v or >~r~rr.~er ~ ru.+te on s~ d:and and un a~l ~~qu;p:nent ar:d persona'ly caye~ed by tt~~f mOr
n9e, m.~h aH prin:.,,^,s Thercon Fs d.n 1...'. t,•_ s., :n r~r .,i.:,~ s•, 3.~~d Nc, .cy lorm, ~n a e.,,• aHNrvvrd br thr ,ti1JR..~.:~:_~. a~:.l a~.~cisro
~v.,ran:r ~n tha cs..ai s•:+:d~•d ~o. cy to~:n, ~n a>.,~•i e~; ~o.~~d L~- ~hr f.1JR1va~EE, in s~~ch co•rpa:~y or can;:an~es as ii,r .'.'.JR1vAGEE n~
d recr, and eli t~re ar.d w!nJs!i,~m ~nsura~c~• po .c~~~s on any o1 sa~d b~~ d.n~S. dny ~nierrsi the~ein or par~ thereof, in the agg~cy~+e s.,~» atoresa~d
~n zxcess the~eof, sha!I :onta~n che ur~~i s+a ci..~ti r.,o•rgogae c~.s•_ c~ s::~ uther c.~~se as ihr Mu~~yagre may ~eq.,.re, maA~ng t~:r :ess ~ndrr s.~~d pu
: es, each and every. Pa~a~.lr ~o sa~d ,\1JRT:,4vfE es +e ,~',~_•r;sr ,~•~y a;~Frar, a~d racn a:,d e.e~y wch prr.1 shall lx p~ompf~y assy:rd a~:d dr.~ver«i ~
en~ !~~,d by sa~d :'.OR;vAGEE as f~nh•_r a_~c..~~t~ ~o se-d .••i~~~e d:~•. a. d. nvr :ess than ten ;SO) days in ad.~nce of the expuaf~~n et reci. po:.cY. to d~
~~er ro sa!d AtJR'GAG:E a rene.,a: thereof, t~yerfirr v~:ih a rr:: : ~hc prr e.,um of such ru~e,ni; a~,t1 ~hrre s!wil ba ~w f.re o~ 1ti:~~ds~o :n inwranc
p!nced on a~~y .f ia d b~~ o~ }gs, a~y ~ntc:cst ti~rre ~ or F::~~t th~rc;+. •u _ss ~n rhe (unn a•~d w!h the ~oss peyab:e as afe.esa~d; and in rhe r.ent any sun
of money beco~nrs parab:r :•~~drr s~ch p,.~t~cy o~ pci,c~e: s.~+d :~'.J4iGA~;E s'~.iil have rhe opr.on to rec<~;.e a~~d app:y u~r same on ac.~u,~i of the ~udrbt~•d
neas sec~~rd hzreby or to perm~r sad MORTGAGORS to ree~~ve acd usr ~r oi a"y t•:rt ~1:•, cot to~ J:ni• l'u!t J5e'S ~'..in:~.;! f!i .~..~.~,3 :r ,•~p..~
any equ ty, i~en or r.ght und~r or by ~;rt~e of th~s mc•U.~ge; a~:d in the evcm Sa d A1.^.ZTGAGORS sha'I for any ~eason fail to kcep the sa:d F•:~.~i.iai so
nw~ed, or fa~l io de';Ye~ ;va~:~,±~y any JT s~~d ,:o.,c.. s cf r~s_~•a•,te to sa d hlOFTG.A'vE:, er 1~:. p:Jmp~fy ro pay +u::y any p~e ~~,~:n ther~~fer or in a~~r
~e~pea fail to per~orm, d,s:h,•ye, esrc~rr err.,•~, co~•:p rre, ce ~.p:y L~~ih a~~d ab:da by fh,s CJV2~`! it. Or any part h:reaf, s+:d I.tORi::..~G:E may p:acr a o
F.ay for s:,ch ~naur,nce or any part ~he~eof ~..~ho~t v.:.::~ng or ai`„~;ng any o;;t.on, ~~en, equ;ty, or n~ht u~:.a.er o. by v~~~ue of th:s Mor.ga~e. and ihE
t~it a•~~ount of each and e~ery such pa;~~,em sha:; be ~,,nrd~a!e'~~ d.-e e~:d pa>~be a~d sh~il brar ~nterest tro~n th~ date thereof un~l p~.d a~ the rate o!
.::e per tentum per a~~.•~..~. ~nd ro3:~. .:r ..~•h s,,:n ~n-~•.s+ s.,_ :e• soc..•r~ u~ the Len of thiS mo:lgage.
d. io permit, comm~t or sufier no waste, in,;;a~rr.~c~,t cr dcrer.or3!,o,~ of sa~d property or any part thereof.
5. To pay aIl and s~ngu'a. ~he costs. chargrs ard e.~:ensrs. ;~,::~:d~•,g a reasonab!e attome~•': fee a~d cosn of absiracts of title, inc~~•ed or pa~d at
any ti.ce by so~d MORTGAGEE, becaux or m r~~e event of tne fa.~ure on tne oa+t of the sa~d MORTIaAGOR to duly, pro~~~ptly and fut~y prrform, d~scnarge
~x~~cu~e, efiec+, comp;ere, canpiy wnh and a: dr ~y e~:h ar.d r.rry ~h.• sr:p~ a~ ons, agrec~~~e~ts, cond~t~ons. and covena~~n of sa~d p:o•n:ssory norr a~:d ~h~s
~~ongage any or e.ther, and sa d costs, chargea ;•~~d e.~pens~~s, ea;h end rvery, sha,t br ~mmrd~a~ely due and payabte; whether or not ~hrre be nonce da
~,~nd, atre~npt to co:lect or su~t pr:~d:~~g; and rt~e f~~: anou~,r or each a~~d e~e.~ such pay~iem sha{1 bea~ i~vcres~ from the date ihe~eof v~til paid at the
e ei n~ne p:~ cz~n~o,~ a~, a:,C a~~ ;a~d c;,s~s: u,a~~es a•d ~ x~~~~ ses ~xv:red or pa~d, tegetner .~:th s~th inturst, shal! be sec~rad by the i~en of th:s
~ortgaga.
6. Thai (a) in the event o4 any breach of thfs Mortgage or defa,;'t on part oi tne A'•OQTGAGOR, or (b) in the event any o4 sa d sums of money
~e.e~n re.'erred to be r.ot prc~~~F!:y a~,d tu:fy Fa,d ~n~~~~~n tn •ry ,3;; d.,;s ne.+ a•r•_• t6e sa ne seve~a.:~ becane d~e and payable, w:ihout demand o~ not,ce.
.•;c) in the event each and every :he sri:,u!a~~ans. agreemenis, tc d'•o's and co.enanrs of sa d prom~ssory ~o~e arfd ~h:s mortgage any o~ Nther are not
i~'y, p~omptly and fu :y perfor~n~d, d s.narged. e~rcuted. eftected conp~r.ed, ca~;:,:ed w~th and ab~ded Sy, then in either w any tich event the sa:d ag-
7-egare sum menhoned in sa~-? pron,~ssx~ nore tcen re na~n~~g un;.a~d w~rh ~~u~•re~t acu.,ed, and a,i ~n~neyl secured hereby, shail bemme dve and pay-
ao e forthwhh, o~ rherea'rer, at +he crr~o~ or a~~d htOR~G~G~E. as '.v.•y a•~ co••~p;e~e!y as il a~i of f~,e sa~d wms of money ~nere ong~na:ly si,pu,a~cd
ro be pa:d o~ such d:.y, anythmg m s~ d p*a~:ssery no}e or ir. fh~s :to~rga~r ro ~ne cor~r:ar~ not.o~thstand:ng; and thereupon or thrreafter at rhe oF+~on of
sa d MORTGAGEE, w~thout r.ot~ce or demard, surt at iaw or ~n equ~ty, rher~fore or ti~errafTer beg~n, may be prosecuted as ~f all moneys secured hereby
r..d mar~red pnot to ~!s ir.sfitut~on.
7. That i~ rhe ever.t that at the be9~nn ng of or at any t:~ne rc~~d::~g any su:t upo~. th;s h1o~t~age, a to foreclose it, or to refo~m it, or to enfo~ce
~ svmeM of any c!a~ms he~eunder. sa~d 1.tOQiGA(;,EE sha:: ~pp~~; ro t^.e Ccu~t h3vn~g ~u~,sa.c~:on ~hereof for the appo.ntment of a Rece~ver, wch Court shai{
f:rrhwirh appo~M a~ece~ve~ of satd morty3ged proprrt{ a:i ano s~~y., a•, ~r.c.~~d ~g a~i a~~d s~n~~,a~ ~he i~co~~e, prof~ts, issues and revenues from whatever
s.:,rce denved, eath and every of wh ch, ~f be~~ g exp-ess ~ ~no:~s~.::a ~s ~e~c-v~ rno~tgayed as ~f spec~f,~a~ly set for~h and descr~bed in the g~a~~nng and
~•ahe.^.dum c!avses hereof, and such Rece~~e: iha,~ have a:: the b•~ad a ~ ef~ec•:ve f,; •c~ c^s ar.d po~ers in anyw~se entrusred oy a Cou~t to a Receiver, a~~d
s~,h appoinrment sh31~ be mrde b~ s~ch Cc~•t as an ad ~~tted eq~:', a~~a a~-a'rer c` abso:ute nght !o sa~d MORTGAGEE, and w~:h;;uf reference to the
•deq~aty or inadeqvac~ of tr:e va:~e ef thr property m.o~t~ay-ed cr se +h_• s~ tiancy or ,nsc'.ency of se~d \10RTGAGOR or the deie~:da~»s, and that such
e~~s, profits, inco.ne, issues tnd rever.ues sna,i be apr~~ed ey sucn Rrcr~:er ac:crd.ng to the lien or equ~ty o} sa:d MORTGAGEE ar.d the practice oI such
~ Ccurt.
E 8. Te du'y, promp!;y a~d fui!y perfor~,. d~s:ha•g>, exe:u!~, e~'ec+ :o^,p e~e. cer.~ply w~th and ab~de by each and every the stipulations, agreements.
! o~dn~ons and cc.enann ~n sa~d p~om~sso-y ~cre ana ths m..~r~~~e s_r ±o•rn -
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~ 9. Tnar ~he event the cv.re~sh;p of +n~ rnartyaged cre^~ s^s. or ar.y~pan tnereef, becomes vested in a pe~wn other than ~he MORTGAGOR. the
~ Y~RTGAGEE, irs successors ar.d ass 3ns, may, w~~ha,! ne~:;e ro +^e :'OR':,~~R. dea~ w~rh s~ch successor or successor ~n ~nteres~ .r~~h refe~en.e to th~s
~ o•rgage and rhe deu~ hereby secured in tne same mo•,r,zr as N~:rt :?~•r~,co* •hnhouT ~~n a~y way vif:ating or d~scharg~ng the l.5orrg;gors' liabiiity here-
:,^.der or uport she deb: he~e~~ se.~•ed. No sn r of rhe F•r - ses her~~b, •r.crrgagcd a~d no forbearanee on the pan oi the !.1pRTGAGEE or its svccesso+s
; ass g~s ard no exte^s~on of :he t~T.e jo~ ~he ca;~: e^t c~f r%~e drbr F.c*e~y se:.,red g~.en by the ,LtiORTGAGEE or its s~ccesaors or ass:gns, s~~~a!t operate
~ ~c re+ease, d~scha~ge, mod~fy char.ge ar afiect the or~g.na~ ~:ao.:.~~ o~ thY N•ORTvAGOR i:ere~n, either in whoie a in part.
~ 10. It is speofica, y agreed tha~ t~me ~s of fF.e esse~-.ce c~ +h~s co~~roct a~zd fhat no waiver of any ob~:gai~on hereunder or of the ob:igation se-
~ c~red hereby sha:~ ar any tiTe ~nereaisec be hcid to be a~na~ver of rhe terms ~~ereof or of the insrrumem secu~ed he~by.
I1. In -.c~+.c~ ro !~e 1o~egc ~;g r^o^'h'y cay^~_n~s ot E:•~: ; pj aod i•,!eres! req~:red 'by the prom,sscry ~o~e sec~red hereb~, mort~a^yor cavenants
d aa~°es so ; ay to r~.o'tya~_e .+:~h each :--en+h y,;, e:~r ar. ;d:: ~..,~,a! s~•^: .s•-- arrd 'o~ ~*:o*rg~gee to be eGua! to 1 12 of t7ir an:,val cost oi the foliow-
~ y ' ~ _
A-A , rea' proo^•ry fa.zs •e:,,~ • assess~ d ey.3~. s' ac~.e das<•;t_d r,a! esr3+e.
a
; B-Gr~~ „-,s c~ !~•e a~ d..•cds•o !rs~~a~:e as ne•e ~i .•^d re br cr~ • d e^ the ;:rovemeits s.~vate on tfie above d_scr;beJ prem~ses.
~ ~-Prz~-;~~-s o~ sucFl "'J't,_-~_pE g.,arar•~ ~~,s_-a•ce as _';ra~;~ s'~a frc ^e to ; e deem i~t to carry on the loan secured hereby.
~ 1.":or!gagee sti~ '`•c~, e fo ~e ~o•'; r~y.,g- r. ..~•g o~ f:^•e a,,_ ~ o..e ~nd pavab!e hefeundrr and such S:l'T sh~i; thereupon be due and
~ .~,abe o~ the c~e ea•> ci ~Le n_><• r•~,~h ~ ccy~re~r a~~ e_.~ s.::cess~.e -o-.•h !ne-eaft_. u~.Tr• mer,g3gee sha!I not.iy mo~tgagor of a change in wch
~ o„n+. Su:h s.:ms s~a., ae ap~ ._d 'cv ~orrgayre to::~•d ~^e ,a,~^enf of re;; p~c;.e~?y ta:es, insuraice p~em.ums, and mortgage guaranty insurance
i ~."l+Tl:l^.15.
~x IN ':11T^1FSS ':.ti_R[OF, ir.> sa~d ?.10RTGAvCR has here:.~ro se~ hls h~.~d and s^ai ~he day and r first aforesaed.
~ S~gned, Sea' e!ivered in the pr sence of:
3 ~ )
~ itness Bernard E. Proud ~~a,~
- ~ a `J ..h~.c
~ itness ~na
B. P ud t~,i~
~ ;'t~7E OF FLORIDA
~ BTO1~l8I'C~ ~ S5.
~~U'JTY OF _ !
Befwe me personaity appeared Bernard E. Proud ~
~ Fdna B. Praud ~ '
h~s wi1e, to me we~l known and kno•.vn to me,to~ bs
~ !ne ind~v~dua;s descr;bed in and who executed ~ha forego;ng instrument, and acknow:edged before me that they executed the same,,Lon~tht„purpaies
= , Edna B. Proud o - ~
;y re-ein expressed. And the said - i~~~7=
~ \ 1 ~
.:;re of the sa d 89I'I1S2'd . Proud u r~~ s~P~rat~•r~•Q. t,~•
e.an-,~na+:on by me taten :eparate and apa~t fro-n hzr sa:d h;,sba^d, acknowledg~d to ar.d before me that sfie execu!ed said ilAti~rnent~f~ ely a~ iwf'vrti'-:
~ ~z-~~y and w~ahout any coTpu's~on, co^srra~r.t, apprehens.en, or fear of or from her said husband. ~ -
WITNESS my hand and off~~:al seal th~~__3rd d3y of December T~;!' _
~ t ~ - ~
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Notary VubGt in snd for the Statt o!'~IE~i~.~f;~ifps:,.• -
= My Comm~ssion e:piros: -
- Return To: ~ _ .
f;rst federol Savings ~ loan Associat.on ,~C~~ Q+Jk~~, St:!e ot FlorT~!a at L?rqp
o~ c~~f ~ ~-~a
; ~dy Cor~:.._~:r up~:as Ju:~e
For! P.: ~ce. F.cr ~j
- ?yD FtEC0~0E0
Ftl~`~ LOUNTY flA. 4~
_ st. WC1E P011RAS
This Instrument Prepared By J. D. Chastafn ~~fAK CIRCUI? C011RT ~
First Federal Savings 8 Loan Assoc~ation RECOA~~Ea1f1E0~ ~
of Fort Pierce ~ F'101"id8 37 p1~ ~11 ~
OEC ~
, Checked By Cc ' ,
~s 2N~~~ ~o~i97 ~225Z ~
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