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3. To pisce and continuo~sly keep on the bu~'d~~~gs now or hercafter s~t~ste on sa~d I~nd a~d on ~II eq~ip~~ent and personally covered by this ma
sgq w:~h ~II premiums thercon pa~d in full, fire inaurance in the ~s:,ai .ianda~d pot~cy form, in a sum approved Dy the MOR1i~AGEE, and w~•~dsto
insurenc! in ths usuil ttandard poi:cy form, in • tum apptoved by the MORTGAGEE, in tuch co~++p~ny or cwn~ an+es ss the 1.10RTvAGEE m
d~rect; and a~l fire and w~ndstorm inswance po~ic~es on any oi`se~d bu~id~ngs, any inreres~ ~he~e~~ o~ pa~t thcreof, in the aggrega~e w+*~ atoresa~d
in e:cess thc~eof, tMll co~~ain the usual standard mw~gagee ciause or such othe~ d~uss ~s the Mo~tyagee may rcqu~rt, maki~ the loss unde~ se~d po
c~es, e~ch •nd evcry, payab~e to se~d MORIGAGEE as ~?s in~errst may ~Fpear, u+d cach and evcry such po~~cy sh~ll be prornprly asa gned and dr:~vered ~
•ny held by se~d MORTGAGFE ai furiher security to said mor~9a9e debt, and, not Iess tha~ ten (101 da~s in ad~ance of the expira~~on of each po'rcy, to d~
I~ver to said MORTGAGEE s renewel thereof, ~oge~her wiih a rece~pt for the p~emium of such renewal; aod there shail be no I~re o~ w~~~ds~o~~n mi~renc
plsced on any of said build~ngs, any lnterest there~n or part thereof, u~less in tFu form and wi~h the loas payable as afwrsaid; and in the cvent any su:+
of money becorns~ payable ~nder wch policy w pol~cies said MORTGAGEE shall have rhe opt~on to recei.e end app:y the sanx on aaount of the indzoted
neu securcd hereby w ~o perm~t sa~d MORTGAGORS ro receive and use it or any pa.~ rhe~eof for om~r nu*~,osei. .•.~~r,o~f rh,.~ o: ~3 0~ ~•~~,p~~•
~ng any equity, lien o? right undar w by vtrtut, of this mo:tpage; ~nd in the event u~d MORTGAGpkS shall for any reasan fail to keep ~he sa~d prem~srs so
msv.ed: or fait to detiver p+omptly any of sa~d poi~c~es of insurance to sa~d MORTGAGEE, or fa~t promptty to pay fu~~y any p~e~n~~m tnerefor or in a~y
rrspect fail to paform, d~scharge. execure, effect, comptete, tomply wirh and ab~de by this covenant, or sny part hrreof, sa~d MvRS„AGEE may piace a~o
pay for such iruurance or +ny part thertof without wsiving or affrtinp any opt~on, tien, equ~ry, or right under q by virrue of ihis Mor~gage, and thc
full ~mouro of each and every such payment shall be ~mmed~~tely dve and payable ~nd shall be~r interest from the date tt~ereof umil pa~d at the rate o~
n~ne per centum per annum a~xl to~ether with such interes~ shali be stcured by the lien of this mottgage.
t. To y~rmit, commit or suffer ra waste, impairrtxnt w deteriorat~on of sa~d property o~ any paA thereof.
5. To pay all and singula~ the costs, charges and ezpenses, induding a reasonable attornev's fce and costs of abstrads of t~tle, incur.ed or pa~d at
any time by aaid MORTGAG:E, because or in the tvent of the ia~lure on tMe par? ot the said MORTGAGQR to dufy, proTptly and fu~~y pe~fwm, d~xharge.
exec~te, etfed, complNe, comply w~th and ab.de by each and every the st~pulat~ons, sgreementt, tondihons, and covenants of sa~d p+o.~n~swry rwte and ~h~s ?
mor~gage any o~ e~thei, and sa~d costs, charges and eapenses, cach and eve~y, shall be immed~ately due and payab!e; whether or not rhere be noT~ce dr
r.:and, st?cmpt to colted or suit pend~ng; and tht f~lf amou~t of each and every such paymem shall bea. interes~ from ~he da+e ttxreof untit paid at ri+e
-.,re os nine per centum pe~ annu~n; arw all said coats, charges and ea,xnses inctined or paid, togetAer w~t~ such imerest, shall be secured by the IKn of th~s
rtwrt9ay~.
6. Th~t in the event of any breach of tAis Nbrtgage or default on the part ot rhe MORIGAGOR, or (b) tF+e event any of sa:d sums of money
herein referred to be not promptiy and fuliy paid witAin th:rty (3Ji days next a:rer the same severatty becane due and payable, without demand or notice,
or (c) in the event each and every the stipu{atiorn, syreements, cond+T~ons a~d cover.~nn of sa:d promissory note and th~s mortgagc any p e~ther a.e not
i~ly, prompNy and fuliy performed, d~scMrged, executed, effec~ed, completed, compl~ed with and aS~ded Sy, then in e~thrr w any such event the sa~d sg
~~egate wm mentioned in sa~d promisso~y nore then remaining unpaid, with i~terest accrued, and ail moneys sec~rcd hereby, shal! b~come due and pay-
ab,e forth.vith, a thereafter, st the oprion of sa~d MORTGAGEE, as f~ily and cor.~pleiely as i1 all 04 the sa~d sums of money were ayina7ly st~puiaied
io be pa~d on such dty, anything in sa:d prom~ssory note or in this Mortgage to the conirary norwi+F.srand~ng; and ~hereupon w therea~fter st the op+~on of
sa•d MORTGAGEE, w~thout nonce a demand, suit at law or in equ~ty, therefore o? thereafter begun, may be prosecuted sa if atl moneys secured he~eb~
ned matured pnor to ~ts institut~on.
7. That in the event rhat at the brginn;rg of or at any time pe~ciing any suit upo~ this Mortgage, or to fwedose it, or to reform it, o~ to cnforce
pzyment of any claims he~eunder, said MORTGP.GEE sha~l apply to the Co~:n having ~unsd:cuon thereot for the appamtmem of ~ Receiver, •uch Co~n shaii
'rorthwith sppoinl a receiver of said mortgaged property all and singutar, inci~d~ng all and a~ngular the income, prof~ts, issues +~+d revenues fiorn whatever
s~~-ce de~ived, each and every of wh~ch, it be~ng expreas!y understood, is hereby mo.tgaged as if spec~fical:y ut forth and deuribed in the yron~lry and
habendum clauses hereoi, and such RecNver :hall have a? the b~oad and eff~cnve funa~ons a~d powers in anywise entrusted by a Cour~ to s RecriY~r, a~d
s, ch appoinrment ahait be made by such Cou~t as an admitred equity and a ma~ter of absolute r~ghf to said MORTGAGEE, ~nd vviihout :eference to the
edequaq w inadequacy of the vatue of the property mortgaged o~ ro the so:vency or ~nsoivency of said MORIGAGOR a the defendants, a~+d that such
re~rs, profits, inco.ne, issues and revmues shail be app+~ed by such Receiver accord~ng to the i~en or equity of said MORiGAGEE and the prsctice of such
Court.
8. To du!y, promptly and fuily perform, d~scharge, execv+e, effect, co*nplete, comply with and abide by each and every the itipulations, agreements,
;ondrtipn~ and covenann ~n sa~d promissory nofe and ?h;s morrgage ser forth_
9. That in the event the ownershep of the mortgaged prem~sts. or any part tiKrcof, kxcor..es vested in a penon olher ttwn the MORTGAGOR, the
h'ORTG+:GEE, its successws and asvgns, may, without notice to rhe MORTGAOR, desl w~th such successw or successer i~ iroerest w~rh re!ere~ce to th~s '
mortgage and the debt hereby se:ured in the sarrK manner as w:th /'Aortgagor without in any way viLating or d+scharging ihe Nbrlgagori liability F+lrt
,;~der w upon the deb~ hereby secured. No saie of the premises hereby mortgeged and no 4orbearance on the pan of the N1pRTGAGEE or its wccessors
or a:s~gns and no exre~sion of the t~me fw the payment ot the debr he.eby secured given by the MORTGAGEE or its successors or au~gns, s~ al~ operate
ro rNease, diuharge, mod~fy ~hange or affect the original liab~i~ry of the MORTGAGOR heroin, either io whole ot ie part.
10. It is spec~fically agreed that t~me is of the esxr+ce of this contr~ct a~ thal no waiver of any obl~getion hereunder o? of the obtigatan sr
cur~d hereby shaU at any time thereafter be held to be a walvee of the terms hereof or of the instrument secured herby.
11. 1n add tio~ to the fwego ng month!y paym~nrs of pri~c pa! and inrerest req~~red by the prem:ssory no!e secvred hereby, mortgagor covenants
i a~~d agr~s to pay to mortgagee v~ith~each monthiy pa~r.iem an add~nonal wm est~~:ated by mortgagee to be equai to 1,-' 12 of the annual cost of ihe follow- t
't
s
~ A-All rea~ p~ope~ty taxes lewe~' w assessrd agai~u the above descriyed real esta~e. :
i B-Prern~ums on f,re and windsrocm inwrance as here~~ requ:red to be ca~r~ed or. the improveme~ts situate o~ the sbove descri~ed premises.
C-Prem~un,s on such mortgage guaranty ir.s~rance as mo.~gagee sha:l fro{r rme to nme deem fit to carry on the loan sewred hereby.
r Mortgagee sha~~ from f~me to ~~me nof~fy mor~yagor ~n w.if~ng of the amouv due and payable he~eundrr and such sum shall thereupon be due and
~ ; avabte on the clue da~e of the next mo~thiy payment and each successive monrh the.eafter uoiil mortgagee shall ~otkfy mortgagor of a change in s~ch =
: e-~ount. Such sums sFa~l be a ied b mort s ee towaTd the ment of reai ro rt taaes, insu~ante m:ums, a~~d mort a e uarant insurance }
PP~ Y 9 9 FaY P P~ Y Pu 9 9 9 Y
~ o•emivmt.
~ IN WtTNE55 WHE , the a~d MORTGAGpA has herruMO xt his hand and seal the day and ea lirst afwesaid.
; ~t -Signed, Sesled a r in presence of: `
~ f
1~fL i~ C,1 ~ i~- ~
- af}
~ eriCk F. ~t ff ~a~~
~ . , . ~j cs~ao
~ . _ . ~.oulse Ratliff c~s~
~ , _
~ S?ATE OFfLORIDA
~ SS-
~ c~u~nr oF St. Iucie ~
~
~ Before me personally sppeared Frederiek F. R~tliff, Jr.
~ TA11~38 RatliPf ha wiie, to me well known and known to me to be
?r rhe indrviduals desvibed in and who exec~ted the foreyoir~ instrument, and acknowledged befwe me that they executed the same for the purposes
~ Louise Ratliff
rherein e:pressed. And the sa~d
.~,~fe of the ~a~d Frederlek F. Ratliff, Jr, ~ xpa~ate snd privaq
e.aminst~n by me taken xparate and apart from her said husband, atknowledged to and befwe me that she exetuted said instrument frce{y and volurr
~a~~iy a~d wnho~t any compulsion, constraint, apprehension, or fear of or from her said Fwsb~nd.
WITNESS my hand end offic~al seal this dey of J~~ A. D. 19 ~
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Nota.y lic in end for the State of Fbrida at larpe
My Commiuion e~cpira: ~
Return To: ~
Fint Feder~l Savings 3 Loan Associat~on lN~lyit tY1~UC, =jAiE 4i Fwa~rw
Of Fo~~ P•crce. NY COMMI5SION FICPIRES NOY. 1`~~2
Foh Pierce, Horida {OM~[D TNppy~ fAEO ~ O~E~rt~NA~~•
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~ F.EC~RDE ~ ' - ~
f1l.EC ~~`:.~UMtY F~ _ . . , ~ ~
This Instrument Prepared By dOhll W. CO~~ 4! ~RAS Y•' r ~
First Federal Savings 8 Loan Association ^}'L -r ~~~1 G0~
~ EF r~ 0 ~ _ . ~
of Fort Pierce ~ Florida gFGORfl Y~ ` ~ ~ ' _ ~
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` Checked By ~ ~ ~Q Z : ~i ~
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