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3. To p~ace and continuousiy keep a+ ?ne b~~'d,ngs now or Mereahe~ a~t„ate on sa~d land and on al~ equ~pmcnt a~d personally co~e~ed by ~h~s mw ~
ags. with :II premiums the~con pa:d in ivil, fire inswance m ths ~sual standard po~;cy fo~m, in a e~m +4Aroved by thr MOR~.~aG~E, a~~d ~w~~ dsro ~
~nsunnce in the usual ~tandard po~;cy form, in ~ sum •pproved by ~he MORTGAGEE, in s~cA company or comp3mes as ihe M.ORIGAGEE m
d~rec~; and aU (iro and w~nds~orm insurance polk~e• on any of sa~d kw~id:ngs, any inrereu eherein or par? thereof, in tix agg~eg>~e w~T, ero~esa~d {
+n ~xceu Ihereof, shail contain the uswi sHndard mortgagee clauu or such other clause ~s Ihe Mo~tgagee may requ,re, maA~n9 the wss u~~dr+ se,J po ~
c~es, each ~nd every, payaDle ~o sa~d MORTGAGEE as ~t~ imerrst may appear, a~c! each and e~ery such poi~cy sha11 be promptiy ass gnrd and de'warrd ~
~ny held by sa~d MORTGAGfE af (u~ther security to ~aid mwtgage debt, and, no~ .ess than ro~ (10? days in advmue of tha exp~+at~a~ of eech poi~cy, ~o d.
6ve~ lo said MORTGAGEE a renewa~ ~hereof, Iogether with a receipt fw the pram~um of such renewa~: and there shail be no f~re or w~~~ds~o~m v~sweru
plKed on any of said build~ngs, ~ny interest therein or part the~eof, unlass in the (orm and with the ioss payable as afo~esa~d; and in the e.rm any s~n
of money becomes payable unde~ such po6cy a poLcies sa~d MORTGAGEE shnll have the upt~on ro ~ece~.e acd app!y tne aame on acco~n~ oi ~ne ~~,drtT..~d
ness secured he~eby or ro perm~t sa~d MORTGAGORS to rece~ve and use it w+nv parr the~eof to. o;n~,r pv~, ~s~s. ~•.~<<~o~r +h.•,.;i ,a~.~ +3 a~~•
ing any ~qu~ty, lien or ~i9ht under or by virtue of this mo:'gage; and in the event sa.d M0~IGAGORS shall !o~ any reason ia~t to kcep ~he sa~d pre~r.~sra so
insure(~, oi ~ail f0 delive~ ptompNy any Of said pol+cies ol insurante to aaid MORTGAI'aEE, ot fail promp2ky to pay fuily dflY p•'C ILJ'r1 thcrefot o+ ~n 3ny
rtspKt fail f0 pt~Form, d~scharge, ezetute. lflett, tortiplCte, tOmply with and a5~de by th~s tovenant, O~ any parl htreol, s~~d MGRTGAGEE may p:aca a~a
pay fw such insurance or any pa~t thercof wahout waiving or affecting any opt~on, lien, equ~ty, or ri~hi u~der o~ by vfrtue of fh~s h1o~!gage, and thc
ful{ amounl of each and every such paymeN shall be immediately due and payable and shall bear interest from tha date thereot unr~l p~~d at ~he rate ot
nine per ce~tum per a~num and to~ethrr ~nith such interest shal~ be secured~by the lien of this mortyage.
1. To permit, commit or suffer no waste, impairment or detrrio~at~on of sa~d ptoperty ot any psrt the~eaf.
S. To pay all and singular the costs, charges and expenses, inctuding a reasonable atrorney's fee and cosrs of abstracts of t~~te, incu~~ed or pa~d at
any time by seid MORTGAG:E, because or in the event oi the fa~lure on ~he part of the said MORTGAG~R to du~y, p~omptly snd fwly prrfwm, d~scharge.
exec~te, eifec~, complete, co•nply wah and ab:de by ea.h and every the stipula~:ons, agreemrnts, co~d~t~ons, and covenann of se~d p~om~>sory note a•,d Th;~
mortqage any or e~~her, and sa~d cosrs, charges and eapenses, each and every, shatl 5e immed~ately due and payable; whrther w not thrre oe no+,ce d~
mand, a:tempt to colfect or wit pe~d~ng; snd the full amount of each and every such payment shall bear interes+ from the date the~rof untif paid at thc
r,re oi nine per centum per an+~u:n; and all said cos~s, charges and ea~znses incurred o~ paid, together w~th such =merest, sh.ilt be sec~red by the I~en of th:s
mortgage.
6. That (a) in the event of any breach of this M.ortgage or defau:t on the part of the A10RTGAGQR, or ;b) in the eve~t a~y of sa:d s~ms of money
hrrein referred to be not pro~*~ptty and fully paid wifh~n th.rty (30; days next a+rc~ the same seve.a:sy become due and payable, wnhout demand or nor:o_,
or ;c) in the evem each and eve~y the stipu:at~ons, agreements, cond~no~s and covenants o( sa.d promissory note ano th,s mongage any o? e~ther are no~
i~ly, prompNy and fully performad, d~scharged, execu~ed, effected. compteted, compl~ed wnh and ab~ded 5y, then in enher w any such e~ent the sa~d ag
gregate sum mentioned in said promissory note then remai~ing unpa~d, with inierrst accrued, and a~~ moneys secured hrreby, shall become due and pay-
ao:e forthwith, o~ thereafter, at ~he opt~on of sa~d MORTGAGEE, as f~ily and comp!erely as if all of rhe sa~d sums of mo:iey were ongmally st~pulaied
to be pa~d on such day, anyth~ng in sa.d prom;ssory note or in th~s Mortgagr ra the con~rary notw~ihsrand~ng; and ~here~pon w thrreafter at ~he opr,on of
~a:d MORTGAGEE, without nor,ce or cfemand, su~t at law w in eq~~ty, therefore or therea"tter begun, may be prosecuted as ~f ali moneys securrd hereby
n~d matured pr~w to ~ts inslitution.
7. That in Ihe event that ar the bcg~nn~ng of or at any t~me pend~ng any su;t upon th~s Mo*tgage, or to fweclose it, or to reform it, or to enforce
pa~ment ol any claims hercundrr, said MORTGAGEE sF.a,~ apply to the Cour~ having ~unsd.ct:on therec4 for ~he appo~nnnent of a Rece~ver, wch Co~rt shail
Fcrrhw~Th appo~nt a?eceiver of sa~d mortgaged p~operty all and sing~iar, includ ng a:t a~~d s~~gu~ar ~he income, Frofas, ias~es and reve~ues from whatever
source derived, each and every of wh~ch, 1t be~ng exp~ess~y unders+ood, ~s hereby mortgaged as ~f speaf~cally set fo.rh and descnbed in the g~antin~ and
t~abend~m dauses he~eof, ar.d s~ch Recei+er shall have ail the broad and effect~ve funu.ons and powers ~n anywne emrusfed by a Co~.t to a Recriver, a~~d
s~ch appointment shall be made by such Court as an ad:nitted equ;ty and a matter oi absoi~te r~ght ro sald AIURTGAGEE, and withcul reference ro the
adequaty or inadeq~acy of the value of the property mortgaged or to th. so:vency or mso:vency of sa~d MQRiGAGOR or the deier.dants, and rhat s~ch
r~~~s, prof+rs, income, issues and revenues sha~l be appGed by s~ch Recenrr accor~+,n9 to tne lien w equity of said MORiGAGEE and the pracnce of wch
Court.
~
8. To dufy, prompt;y and f~lly perfO~m, distharge, execute, effect, complere, compl~ w~th and abide by each and every the st~pu:ations, agreements,
conditions and covenants ~n sa~d promissory not. and th:s m~rtga~e set forth.
9. That in the event rhe o+rnership of the mortgaged Frem~ses, or any part thereof, becomes vested in a person other than tfie MORTGAGpR, the
.`.',ORTGAGEE, ita successors and asa~gns, may, w~~ho~t notice to ~he A10RTGAOR, deai w~th such successor w successor in ~nterest w~th reference to this
mortgage and the debl hereby secured in the same manner as ~w~~th Morrgagor wAhout in any way vihaling or d~scharqing ?he Mortgagors' liability her~
under or upon the debt hereby sewred. No sale of the Fremises hereby mortgaged ar.d no terbearance on the part of the MORTGAGEE o- its successors
or assigns and no exte~sion of the time for the payment of tne debr hereby sewred g~ven by the MORiGAGEE or its successors or ass:gns, ,:~all operate
to release, d~xharge, modify change or affect the orig~nal liab:l~~y of the MORTGAGOR herein, either in whoie o~ in part.
~ 10. It is specificaHy ag~eed that time is of the easence of ~his contract and that no waiver of any obligarion hereunder or of the obliga?ion se-
~ c~red hereby ahal~ at any time thzreafrer be he:d to be a waiver of the terms hereof or of the instr~mem secured he~by.
~ 11. In add.no:+ ro nc~ forego n9 month!y paym~ms of pr~nc pai and inrerest ~equ~red by rhe prom~sscry no!e secured he:eb~, mortga~or covenants
end agrees to pay to mo•rgjgee v~:th each monthiy par~nent an add~+~ona! sum es! ^~ared by mo~tgagee to br equai to 1 12 of the an:wal cost of the foilow-
i ~n9:
~ A-All reat prooery tax.s iev~ed or assess:~d ega~•~st the above desv~^.ed real estare.
~ B-Prem.~u~ns on f~re ertd w~ndstorm inwrance as nerc~n req~~red to be carried on the ~mrrovsmeats s;tuatt on the above d_suibed prcmizes.
# C-Premi~ms on suth mortgage g~aranty ir.sura~.ce as moftgayee shall frcm t:me tp ti~ne deem fit to tarry on ihe loan set~red hereby.
[
~ Morrgagee sha~l from r~me to nme notlfy mortga~or m wnnng of the a~nou~t d~e and payabte hereundrr and such wT sha!1 thereupo~ be dve a~d
s' ;.~yab!e on the d~e date of the next monthiy paym~~~t and each su.tessive month thereaft^r vntil mettgagee sha'1 noLfy mo-tgagor of a change in Such ~
~ ~^ounf. Such sums s1~a.; be applird by mortgag_e roward the payme~t of reat properry taaes, insurance prem:ums, and mort~age guaranty insvrar,ce !
p~emwrns.
; IN Y~ITNESS WH:it~Of, eh said MORTGAGOR has here~nto set his har,d and seal the day and ~rear firat aforesaid.
~ igned, Sealed d elive the pr sence of: / G
~ D lL (Seal]
~ - .
iSea;)
,~s' ~/~~l/~/ _6z. _ (Sea1)
, e ce es arr ;
t5ea?l
t
SFATE OF FLORIDA f
~ COUNTYOF SL. LUC1P ~ ~ ~
`a Before me personally appeared ~~d)~13rir F. CaTL s~ ~
~ :~SPLCE'c~e5 C3 T Z
c~ _ hiS wite, to me we~l known and known to me to be
;he individuafs described in and who executed the foregoing instrument, and acknow:edged be~ore me that they executed the same for ihe purposes
~ therein expressed. And the said- R1E'rCC'C~CS Ca r r _
~ ~~la lan~ F. Carr
N~fe of the sa9d - y upon a srparate al~d priv+te
_ e.aminanon by me taken uparate and apart from he~ said h~sband, acknowledgrd to and before me that she execused sa~d instrument he~iy a++~ volun- ~
!ar~ty and w~thout any compulsion, consrraint, apprehcns.on, fear of w from her wid husband. „
J4 WITNESS my Fwnd and offic;ai xal this_ ~n day of_ FebTUd T D. 1972
_ !
N tary Public in a fw' the State ot Nqrida~+t large - t
= My Commisaion expires: #
R~,~.~ Ta: ~14n.: .1Q1~
:
_ First Federsl Savings 3 loan Aswciat~on Q~ ~ if , Y,t"
Of Fort P,e~te. 2~~~0 N • r.- I
Fort P~crce. Flcr~da . ' -f
- fILED AND RECOROEO
ST.lUC1E COUMTr flA. ~
- ROCEfi POITRAS ~
- CIERK Ci~CU1T COURT~
F This Instrument Prepared By Richatc? K. fCayes RECORDYERiF~E~r---
First Federal Savings 8 Loan Association
_ of Fort Pierce, Floric~a Fce 23 ?a 3?
~`r` Checked BY -
- _ ~~RK i~9 ~~~~591 ~
-