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3~ 7o p'ece and mnhn~o~s'v leep on the L.:. ~,1~~,qs i•~~ o~ l~~r~.~.~•trr s~t~are ao sa~d !and asd on a'~ eq~ip,nent a~d peno~atly tove~ed by t~is mor i
e e, w:~h atl rer.~u~.~ ~h~-rcon r ?
~ A pa t! ~n ~11, 1,re na~~o:~ce ~n i~.:, ..e..... a~., .~.,rd Nc ~;y lonn. i~ a s.~~n a~,pro~ed by tht NOR~vAGt[. a: d w~~•duo
.~sursnce in fhe us~al a!s~da•d po:~y to:m, fn a a~•n a~.~,,o.ed :~y i~~r M.>RT;:,vEE, i~ su:h co^~pany o~ co~+pan~es as rhe h:Ok1:,AGFf m
duect; and atl fue and w,nclsrorm ~niu'dn~P poi~c,rs on any ~1 ~a,d t,o~;d.nys, eny in~erei~ rt~e~e~n or pa~t !hrreol, in the agqre9s~e s~m aloresaid
eRCess ~hrreot, s?~att ;oroain ihe uw~! s!a ~d,rd mo~rgegre c e.~se or s.,ch ~~hzr c:auee as ~h~ Mo~tgagee mey rea~~r1,•, m6k~ng t~ro ~cas undrr s.,:d po
c~es, each and every, peyaE,~e to sa~d MORTVAG:f as ~~s ~n~er, st ~ney e;~Fkar, and ea.h and eve.y svch p~:,cy sha:! be prompfiy ass g~~td and rie ~verrd ~
an held b ae~d MORIvAGEE as furiher s~cur~t to se~d ~:•o:i-o r dct,f, a~~d, no~ ~ess 1'r~an ten G; da s in ad:an;c ef the ea ~uar~on of eec?~ c fo d~ ?
Y Y 1 d~ t~ ti ? Do~' Y.
~.ver to sa~d MJRiI~AGEE a renrwol ~nrrcof, toge~her v~:th a~ec~•~~~t tor thr pirn~um of s~.h ~tieer.a•; and ther! st~a~l be rro f,re o• w:+osto~:n ~ns.+rant
p;eced on any of se~d b;,~~d~~~gs, eny in+rrest there:n or F,er~ ~he~roi. u..•ss ~n +he form a~~d vv~~h the ioss payat'e as aforeaa~d; ar.d ~i,e eveN a~y s~~
o+ money beto~»es payebie ~nder such po~icy or po!~ues sa~d MJk'~,l.~,iE sh..~l have the eHr~on to recr~ve ond ap~~:y tne same on ac:ount o/ ~he ~nd~•ttrd
nesa accured hrreby or ro p~r:n~~ ia~d MORiGAGORS ro ~ecr~~e and ~se ie o~ a~y ,:-.f rh., cof i:.r o~n• .~.u~. ~~~•s. .:.ih;,.;t t!~ ~ o;,~~
~ng any eq~~ty, 6en w nght under or by v~ns,e oi ~h~s mc•'~ayc; and m ~he event sa d MORTGAGORS shalt `o~ a~y ~eason fait to kecp ~he ~a~d prrm~sra ao
iny~rrd, Or f,,;l ro d,:~vrr pro~np~ly any of s~~d Fwi~c~_s of u:w~.,•~ce ~o :a.d MORTGAGEE, o~ t~~, t,~:,mpriy ro pay fu ty eny prr~*.~, m thcrefor or ~n a~r
resprct fai! ~o pe~~o~m, d,s.ha~ge, eYi•.~te, e~~ecL cornN;rre. co:.y:ly n~rh nnd a5~de by fhis coven,n~, or any pan hareef, sa:d MuRt~aGEE may p~a,e a:o
peY to~ such insur.,nce or any pa~~ ihrreof w,+hout ~wa~v~~~g or at?e.nng any o;~t~on, ~~t~, rq,,:ry, o~ ngM v~~de~ o. by vi~• •e of th~s Ma~gage. and ~hE
i„~, amo~nt of eact~ and e.erY suc~ paymant shait be ~m~ned~ete~y d.:e ar~d payab:e ar~d sholl bear inter,sr fzom ihe dau iF~eraof u~~td p.,~d ai fhe rate o4
~:~~e pet ~rnt~m pet a:~nun~~ und t.~~c:hrr v~~th Su;h ~n!r~csr ~h„~~ scc~r~~d b~ Ihc ;,en of Ih~a m0'tgage.
4. To permit, tommit or sutfer no wasre, ~mpairment or drfrt~oret,on oi se~d p.operty or any purt thereof.
5. To pay all and singufar the c~xrs. chergea a~d expensra, includ~~~~ a reasonab!e ar~o+r.ev"? fee and cosrt of absnacts of t~tle, incuned or pa~d at
+~y Nme by aa~d MORTGAG_°E, betause or ~n the erent of the fe;~w~, on ~hr pari of tl~e sa~d MORTGAGOR to d~ly, promptly and fuily ~er+orm, d~uherge
;~~~cufe, effea, compiete, compty wnh a~~d ob de by each and e.ery ihe s~~,,~:ai uns, agree~~ents, cond~nons, and tovenanrs of se:d proT~asory note and ih~•
,,ortgage any or e~~her, end sa~d costs, tharg~s •nd eaHrnses, rach and e~ery, shait be ~m nrd~ate]y due artd payab:e; wheTher or not ihere be nonce de-
c:and, attempt to coliect or su~t pend~ng; and the fuli a~novnt ef e.~:~~ and every sutti payrncM shoil bea~ imrrest from the date thereof until paid at the
o' ~une per crntum Fwr an~•„~r ,,:ic s~; sa~d cosTS, cha~ges a~~d c.ccc,.s:~s ~~~c~rred or pe~d, tpgether w~th such ~merest, shail be secured by the i~en o1 th~a
mortysgl.
6. That (a) in the even? oi any breach of th~i Mortgage or deiau,r on iF~ pait of thc MORTGAGOR, or ;b) ~n the eveM any of sa.d sums of money
herein refened to be not pror•~ptly and tu:fy pa~d wnhin ih.•ty ;3d~ d.,;a nc.r a'~~,~ ~he sao~e ievera.iy become d~e and payabte, w+thout dcmand or not~ce.
o~ ;c; in the evem each and eve~y the sripu:er~ons, agreemertts, co:~d,r~o =s and cuvenan:s ot sa d promissory note and ih.s mortgage any or e~ther are nol
j,,`.y, promptly and fully ~rfo~med, d:scharged. eaetutrd, eftecr~d compietc~ti, compl~ed w~th and ab~ded 5y, then in e~~ht~ or any svch evem Ihe sa~d ag
~-cgare sum mentio~ed m sa~d p~am~ssury nore ihen remain~ng un;;a~d w,~rh intere>f acuued, and a:~ moneys sewrcd hereby, s~a!! Demme dut and pay
+ae fofthw;th, or thtreafrer, et the op'~on of se~d MORTGAGEE, as '~iiy and compleiely as i1 aiI ot thr sa~d sums of money wcre or~g~netly st~pu;atrd
}e be pa d on Such dcy, anything m sa.d pro~~~ssuiy note or ~n th~= Mo~toagr to the contrary notw~thsta~~d:ng; and thereopon or tf,ereafter at tAe opnon of
sh~d MOitTGAGEE, without nonce or oemand, su+t at !aw or in B(,U~iy, 1tIB~BfpI~ or thereatter begun, may be prosecuted as if all moneys secured hereby
n,d mafured pnw to ~ts ~nstltut~nn.
7. That in the evenf rhat at rhe beginn~n9 of or at any t~me pend~~~g any su"t upon rhis Mortgage, or to forec!osc it, or ~o refwm it, or to enforce
,ayment of any cla~~ns hereu.+der, sa~d MOR7~,A;,Ef sha~' app~y ro rhr Co~~~ ha~~~~g ~u~+sd.c?.or, nc~rcot tor the appo~ntment of a Rece~rer, wch Court shail
!::rthwith appoint a r~~1vr of sa~d mortgegc~ei property a1f ond s~r,q,;:ar, i~cvd.:~g ai~ a:+d s~r~g,,;ar the in~om~, proi~ts. issues ard revenues from whatever
s; ~~ce derlved. each and every of Wh~ch, ~r be~ng express'y ~ndrrs~oo~ is frreoy mo~fgaged as ~f spec.ficaity set forrh and desu~brd in the granr;n~ ar.d
,:>endum dauses hereot. and such Rece~ve~ shai~ have a!i ~he 6-ced o~~d errec•,ve fu•:ct ons a~~d powers in anyw:se entrusred by a Cou+t to a Recr~~er, a~d
s.;h appo~nrme~~t shatl be made by such Co~rf as an ad~itrrd eq.;~!y a:~d e r.airer of e~noiute r~ght te sa~d MORTGAGEE, a~d vrrthout reference to the
ac~eq„scy or inadequacy of fhe va:ve o! rhe properry .-,o.~g~ged or rc. rh~ sc. vrncy o. rnso:.ency of sa~d MORiGACJOR or the defr:~dants, and ~hat such
~••~,+s, profrts, incane, i~sues and rever.ues sha11 be app:~ed ey wch Rrcr~~er a::ord,:~g to the Gen w eq~ity oi sa~d MORTGAGEE and the prapice of s:xh
COurt,
8. To du!y, prompt!y and f~ily perform, dncharge, exec~+_, rf~rcr comp~e!e, cornpfy u7rh and ebide by each and eve~y fhe stipuiations, agr~ments,
.~^dhlons and covenanrs m se~d prom~siory ~ore and ~n s~n::r~g,3e a~•~ to~th
9. That in the evem the ov.•nership of the mortgaged pre^+~ses o~ any- parr thr~eof, cecomes ve~d in a person other lhan the MOR7GAGOR, the
~RTGAGEE, its successors and aivgns, may, w~rhouT no•~ce to me tt'tORi~ti~R, deai wah such successor pr successor +n mreres~ wnh refrrente to this
;~fga~e a~s! the d_•bt heieby secu~ed i~ fhe same rt~anrter as w~th N...rtgaao~ w,thout in any way vit.ating or d~scharging the /1lortgagors' liability htr1.?
~~~der w upon the debt hereby secu~ed No see of the ~~r~.:s•~s ~cr~~br ~~o'~gaged and no forbearance on the pan oS the MOR1GAGfE or its successor=
o• aasigns and no e:reits~or, of the r,me fo. rl~e paymem of t~~e debr hn•c-;:y s~•cwed g~vrn by the MGRTGAGEE or ~ts successors or ass:gns, a~~ail operate
~o ~e~ease, d~scharge, mod~fy ~fiange or affect ihe o~~g~nal i~a~.,:ry of tne rlORTGAGO(t herz~n, -itt~r whole or in part.
10. It is spec;ficaliy ag~eed ti,af time is of the essen;e of rh:s cor~trar and tha! no waiver of any ob!~gat~on hereunder or of the obfeyation ae
:u~ed hereby sha(+ at any t~me rhereafier be hcid to be a w~;rcr of rhe te~ms nereof or of fhe insrrument sec~red be~by.
i T i. ~n ~;id r,os to rr,e forego i? rr,onrh'y p~y"'_•^rs of p.,c : a; and ~rs~ re~:,~red by the prom.sscry no'e secvred hereb j, mortgagor covena~ts
e~d egrees to pay to mo't~agee u~:h eaci~ monrh y F.ey~ +ent ar, o;id.n~nai s~T cu :.eted by morsg3gee to be equal to 1, 12 of tl5e ann~a; cost of the fotiow-
A-Alf real prepertf taxrs Iev~ed or assessc•d ago~~•s: the ai:ove des;r~h:d rra~ esrate.
S- Frr+n~u-r;s on f,re and win~s~xm ~r.su:arce as i~e~eVn req.:,red to br ta•ned on the :mprovements s;tvate on the above d~scribed prem~ses.
C-Pre~nwms on such morignge gua•anty ~r.sura:~ce as mo•tga~ee aha:! fro^ t e~e to t~rr,~ tieem f~t to carry on the ban sec~red herrby.
Mortgagx s'~a ~ f~om r,ne to t~~e n~~:f~ mors.~ag~r m w~:±:ng of the o-~,o.,~t due and payable hereundrr and such sum sha:+ thereupon be due and
.~,at,le on the d~e ua~e o. tn_< ,x.r mo•:t~,:y p~y.~,ent and e,c'~ s.,uc;s~ve To•~rn t6ereaft~r uctii mortgagee sha11 not;fy mortgagor of a change in wch
-~unt. Suth sums sha.i t~e ap~~'.ird by mortgaqer tov:3~d the pa~,~ent pf rea; proµrty taxes, insuiance prem.~ms, a:~d mortgage g~aranly insurance
:--emiums.
IN WlTNES$ VL'HEREOF, tne said MORTGAGOR hjs hereunto set hrs har.d and seal the day yeu iirst aforesai .
5' ale de~iver in the presence of_
~ ~ V ~ ~~~L
~~y_ Se~l)
~ - ' (Seat)
(S~si)
- (Sea!)
i
S ~ aTE OF FLORIDA ~
~OUtJTY OF S ~ • :.1C : L~ ~ ~
Before mc personally appeare~ _ .~Ui i2.ri ...I iC iYl a~
i _ Lti E'. "t T A: n his wiiq to me well knovin and known to me to be
! the indn~duals desc~ibed in and wbo executed the foregomQ instrument, and acknowtedged before me that they executed the same iw the purposes
nc~rein expressed, ,And the sa~d___~_ rl•e l)':1 i:, .~rkin
~vife of the said - ~ .%!11 ; Z72 }Z~ rtZ}C'_:: , upon s separste and privste
~xaminat~on by me taken separate and apart from her so~d husband, ackr.ow'~edged to end belor~ rne ihat she exetuted said instrument free{y and ~olun-
rar,fy and w~thout •ny cofnpu(s~on, constraint, apprrhens~Qn_,or fear of or from her said husband.
WITNE55 my hand and offic~at seal th~s_ G~ day of~_ "Prp''~b~'z A- D. 19 ~'j
-s~--- - -
/
' Notary Pub ~n ~nd for the ate of brida at lar~e
My tomm e~cp"ues: / fi ~,S-
Return To: ~ , ~
F~rst Federal ~~ings b loan A:soc.af~o~ M~TAR11 PUBUC STATE OF FLORIOA AT LA1~
p; fo„ MY GpMA:ISSIQN EXPIRES AU(i. 6. 1975
. ~MER~L tNSURANCE UNDERWRITERS. ING
. Fort V~erce, Fiorida . ~
~ ItL~D ~N~ RECORDEp
This {nstrument Prepared By E. 8zaun = iT.WCIECOUMTYFUI.
First Federal Savings 8 Loan Asso:iation • ROCER PG17RA5
of Fort Pierce ~ r I ~~T :c:. ~ . f~ ~ CIERK CIRCUIT COUIIT
" ~ . ~ RECORC vERlFIEO..~.~
Checked By i--- r ! O PH
_ p~c '71
_ , ~~32
BGRK 19 r PAGE~S~ 4
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