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J. To ptace a~~ co~,tinuously keep on the bui J~ng~ now or heraafter fiiuate on sa~d land and on aC aqo~p~ne~1 and personally co.erEd by tl:~s mo~
~9e, w+h dll premiu•ns ~hereon pad in fu~~, f~re inS~ranti ~n the usuel stai~dord po'~cy form, in a wm aHp~o.ed b,r Ihe A1UR~v::GFE, o~~ .v~~nlsto
murancr in the ~sval sTa:ida~d po! cy fo+m, in a wm appro.ed Ly the htORTGAGEE, in wch tompany o~ co~npanies as t1+e ,',ORTGAGtE m
dneci; and aIi fi~e ar,d w~ndstorm ~nwrance po!~c~es on any of sa~d tw~,d,ngs, any in~rres~ inerein or part theieof, in the aggr~g,r~ s~:n atoreiakd
in excess rhereof, shal! :untain :he us~al sta~:d:,rd mor~g,gee ciause or w:h ohe~ c!auie as the Morryayrs may rrqu,re, maling tha ~oss u~~der s.~:d po
c~rs, each and every, p.+yab'e to sa~d M11JRIGAGEE as ~rs em~~r~•st may a~~pear, and each and e~ery s~~ch pa,c~ sF,ail be {:romptty assy~,~-d a~.d d~~.~,~~<<~d .
any held by said MORTGAGEE as funh~r srcur~ty ~o sa~d n~ortgsge d~•bf, a~~d, not less than ten ~10> days in ad.~nce of thz e?p+rat~on ol co;i~ poi~c~, to d.
I~ve~ to said MORTGAGEE a renewal thereof, toge~har w~th a rece~::t for th_ pr~~n~um of such rc:iewa:; and thr~e sha;~ br no i,re or .ti.~~dsw ~n i~,s~~onc
plated on arty ol sa~d bui'dings, any inrrrest thcre~n ot pa~t ti~~.ri~oi, un!css in thz fer~n and wiih the toss pay~bte as atcresaid; and iu tiie e~rnt a•ry sun
of money becomes payable under such policy or poLdes sa;d MORTGAG~E ih.311 have ihe oNt~on ~o reta~v~ ~nd ~ppty ~ha sa~«e ~n aico~:~i of ~he ~~~.i~•:-r~•J
nass szcwed hrreby or to pemi~t aaid MORiGAGORS ro rrc~~ve and use it or any F~.~~t ~h.~:..~uf toi o:~~••r ~:u~: ~s~•s. :..~;~,.;t ih ~,.r
~rig any equ~ty, Ifen or rlghr ~nder or by vir~ue of rh~s mcrcgage; and in ~he event sad JNORIGAGORS :ha!1 .`o~ any reason fa~l to k~~ep ihe :a;d pre~n:s~s so
Insured, o~ fail to driwcr promptly any of sa~d {x~LUes of insu~a~ue to sa~d M~RiGAG~ E, or fail promp~:y to pay fu:ly a~iy prr•~~~,,:n u,crrtor or In r~y
~espcct fail to pe~~orm, d~scharge, execure, efSect. co~~~pleta, co:nply ,x~~h and ab~de hy ~h~s covena:~r, or a~iy p.+rr h,rr~oF, ;.,;d tdGRT~%+G~E r:~,~ p~>:•~ a o
pay fw svch insur.~nce or any part thereof wrthout waivi~~g or affacting any oN~~an, lirn, equl~y, or r~~M w;der or b~ virwe of th~s hte~agegc, ar.c1 ~hc
f~11 amo~nt of eacA and e~ery svch paymrro sha!i 6e nn:iied~a~ely due and payable ar~d s~»il baar interast from tha da~e thcrcof u~~t~f p„~d at tf~e ~a~e of
~~,::e per centum per annvm end to~::har v„th such inrrresr shai~ ~r sec~red by the lien of ih~s mo~rg.~gc.
4. Io permit, ~ommir or suffei no was?e, impa;rment or deteriorai~on of aa~d pfoperty or any part thereof.
S. To pay all and singula~ ~he costs, charges and expe~~sas, ~nduding a reasonable attorne~•'s fee and msrs of abirracts o( t~~!e, ir.curred or paid at
nny t;m.e by sa~d MORTGAG:E, because o~ in ihe event oF the fa~lure on the Dart of ihe sv:d MORiGAGOR to duiy, pron,ptly and fu iy pert~rm, d~x~~i~qe
exrcure, effect, cwnplere, co~nply w~rh ar,d ab:de by each and eve~y ihe st~p~iat,ons, agrer~~~ents, condh~ons, and covena„rs oi so~d p~e•»Isso~y note a~ d ti:a
.~:origage any or e~~her, and sa:d cosrs, cha~ges ond expenses, each and every, shail .be immed~atrly due and payab:e; vYhether o+ nor fh~~:e be nor~ce d:-
mand, attempt to collect or s~it pend~ng; and the fu~l ar„ount of each and e•+ery wch payn~ent stwlt bear ;nraresr f~om the d3te ~h~~eof unril pa~d at the
• rc o~ r,~ne uer ~znt~n, F,~r o~,:,u:n; ,:n~ ail s.,~d cos~s, cha~ges a:•d cxc<•nses ~nwrred or pa~d, togrther w~th such interest, shall be securrd by the I~en of th~s
mortgage.
6. That (a) in the event of any b~each of this ASo~tgage o~ drfaull on tfw part of tne MOR7GnGOR, or ;b) in the event any of sa d sv~ns of money
herein referred to b.: not promptly ar.d tu:ly paid wrtlun ~h,rty ~30; days next ar~e+ the sa-ne severa'!y bece^~e due and pay~We, wuho~t demand or not~ce.
cr (c) in tha event each and every the stipu!a~~ons, agrezments, mr,d~:~o~,s and covenanrs of sa d pronussory note and th.s mo~tgage a~y o~ e~ther a~r not
iv'y, prompNy and f~Ny performzd. d schar~.*d, execured, etfecred, complet2d, canpl;ed w~~h and ab~drd Sy, then in elther w any su;h event the sa.d ag
~+egate sum ment~oned in said promissory note then remaining unpa~d, with intrre;t acuucd, and o'~f moneyS secured hereby, sheil bEN~il@ due and pay~
aa e fo~thw~th, or thPreaSter, at the ophon of sa~d A10RiGAGcE, as fulty and cump;ete~y as it a~i of thr sa~d su:ns of n:oney we.e or~g~~~a.:y sr~pu:atrd
ro be pa:d on such d~y, anything in sa:d prom:ssory ~ote or in th~s Mo~tgagr to the conrrary not,,,~hsfand~~~g; and thereupon or 1h~reeltrr at the ope;on of
sa.d MORTGAGEE, w~titiout not~ce or demand, suu at !aw or in equny, the~efore or thereairer brg~n, may be prosecuted as if a!I montys secured hereby
n,d matured pr~or to ~is ins~aur~on.
7. lhai in the event that at the beg~nn;ng oi or at any t~me pend~ng any suit upon t?,is Mortgage, or to forrclose it, or to reform it, or to enfa.ce
~arment of any elaims here~ndcr, said AtORTGi+GEE shall apply to the Court hav~ng ~unid.c~~on thereof fe~ the appo~nhnent oi a Rece~ve~, w:h ~ourt sha~l
f;,~thwith appoint a~eceiver pf said mortgaq~~d properf~ a!t a~d sin~u+ar, in~;vd.ng aU ard singu:ar ~he incon~e, proT~ts, issues acd tevenvt~s lrom .~h:t~ccr
s_ rce drrived, each and every of .~h ch, ~r be~ng exF•ess'y undersecod, ~s her_=uy mortgagcd as if spec~f~caity set fo~th and descritr_•d ~n the grant~~~g a~~d
`a:~endum clauses hereof, and suth Rece~ver sha:l harc ail the broad and effecT(ve funct,ons a~,d po..e~s in anyw~se entrusted by a Cou~t to a Rece~~er, a: d
s.;h apFOiNneent shatt be made by such Ca~rt as an ad•iitred equity and a natter of abso.~te rlgM to sa~d MORTGAGEE, and w~ahcuf reierence ro the
~~:_auscy or inadequaty of the vaiue of the property mortgaged or to thr so.vency or ~n;o..cncy of sa~d MOR+GAGOR or the det~~~~da~~ts, a~~d th3t sucF~
r:••~rs, profits, incane, issves and revenues shail be apµ~~ed by suth Recr+vef ac.ord:+tg io fhe l:en or equity of sa:d ldORiGAGEE ar.d the pract~ce of Such
Court.
6. To d~!y, prompt!y and ful!v Ferform, d~scharge, execu~e, effect, compfete, Comply w~th and abide by each and every the sr~E;u;at~ons, ag.eements.
co~dit~ons and co~enanu m aa~d promissory nure and th s~1~uf1~3yQ set forth.
9. That in rhe evenr the owne.sh;p of ~he mortgaved p+em,ses, or any parr ~hereof, becomes vested in a pe~son ofher than the MORTGAGJR, the
:'~RTGAGEE, its sucCessCrs end ass~gns, may, withoul nct~ce !o the `'ORiGAOR, deal w~th such SvctessOr Or SuCCessor in ~rterest ~vith referente to tha
o'tgage and the d•~bt hereby se.~rEd in the same manner as w~th ;tor!9agp. w,thout in any ~vay vit;ating or d+scha•g~ng the l.tor!gsgors' liao~lifk~ he~e- '
.,-der or upon the debt hereoy sec~red- No sa!e o4 the Frer.~s~s h~~~eby mortga~ed ard no forbea~an~e on the part of the /dOR1GAv:E or its succe;sors
er ass:gns and no ewtensio~ of the tune lor the paymem of the debt herrby secured given by the NIORTGAGEE or its successors or ass gns, >~~a~i oprrate
ro reiease, d~scharge, modrfy changz nr aif~? rhe or~g~na! I;ab:Lry o1 Ihe N.ORiGAGQR herein, either in whoie o~ in ~sart.
10. It is speuf;catly agreed That t~me is of the essence uf th;s cootract and thar no waiver of any obl;gat~on hereunder or o4 the ob'igation se-
c~red hereby sha!~ at an~ time thereafTer be hoid to be a we~rer of the terms hereof or of the i~strument sec~red he~by.
! 11. In u;l~ 1:G1 r~ the forEqc n.o~vt:~y ~ayn _~nts o' ~:;i:,c ral and in!~resT ~equ~rrd ~y tt~e p•om sscry no~e se,~rzd herrbr, m;;•.ry;~~r covenants
d agrees tv ~ay fo ~:o-+gayee n~:h rach :~•~n+h y p~r~ e~~t an ad:; ~~unal svm rs~ ~ted b/ mo'tysgee to be equai to 1 12 of t::~• .,n.,ual cost of the fo~io+v-
3.
A-AN ~eal p:operty tax~s lev~~~ or d55°SSeO ,g;~~:st tn•, above des:rib~d rtal es'ate.
B- Pr>•:,~u•ns on f~re a~;d ..~r.ds+o•~n ~nsur~. ce a~ nere~n .eG~.•cd to be ca~•i_.d e? the ;,roveme:it= s:tuate on the above d~>cr~brd prem;s~~s.
G-Prerr~urr s an such mo~r~:,ge guaranry ~r.wra~.ce as morr~3gee sha:l f,c~ r~„e fo f~•ac dee:n fit to carry un rhe !oan secu~rd hr:~•by.
hlortgagee stiy:+ frcm t~•ee to t!•ne notify mertgagor ~r. w.it,ng of the ar,~o•.,nt d~e ar.d pa~abte he:eundrr and such su~~ shaii th~•;eupon be d~z a~~d
.~,ab{e on tha d~e o.~te cf rh= ~~eat n;o~th, f p,~y~r.~•rt and ea:h successive rro•~'h ihrreafser ~ce~i mertgagee sha!1 no!:fy mo•toa_~cr of a cfiange i~~ svch
~ .~~our~t. Such s~rns s~~a.i be ap~..~~~d by mortgey.~~ fov.a•d the pa~ment of re~! property taxes, insurance pren;.~ms, a~.~d n,ortyage g~aranty insura~:ce
,-'c~niums.
IN Y~ITNESS '::NERiO~. rhe sa~d h10RTGAG02 has hereunto set his ha„d and seal fhe day an year first aforesa~d. _
Signed, Sealed a~d defivered in the presence of: • >
' ~ - L ` Ol`II6 L1S • O (Sea!)
_ -!Seat)
~ 1" . O y (Seal)
(Sral)
S ~ AIE OF FLORIDA ~ ~ '
u.
~~~U!dTY pf _ Sti• L11C~,@~_, (
Before me persona({y appeared Cfl~~11uS 1,. ~'.Olb31 __i and
- Marguerite 0. Colby h;s w+le, to me we~l known and knov.n Io me to be
rh~ ind~vid~als described in and who exec~ted the foregoing inst(y~*~ent, and acknow:edged before me ~hat they executed the same for the purvoses
m~rein expressed. And the said _M~2'~lleI`l'~ ~''OtDy ~
+.~~e of the sa~d ~'+OI'f1@Z~11S 1,• GOIb ' u~on a sepa~ate and private
e.am~nat~on by me talen separate and aca~r from her sa~d husband, acknowledged to and before me that ahe execured said 'enstroment treeiy a~:d volun-
~a~~~y and w~thout any con,Nu:sson, constraint, apprehens op,~r fear of or fr~m her sa~d husband.
Gl
WITNESS my hand and off;c~al seal th~s day ef______ Feb y, _ ~ A. D. 19_72
~ - ~
- - ~~=l~GGy1lct±L~
Notary Public and for the ate of Ftorida at Larc,~
My Corrm~s n exp~res: G~ / 9 7 S
Retu~n Tc:
f~rst federal Sav~ngs 3 loan Assou~•.on
ot F; •r F. c.~ NOTARY PUF3I IC STATE OF Fl ORlDA AT lA~j(~
~ MY f n~~?!~Sc?nN EXPIRF$ AUG• 6. 197~5
' °`r F:~'•`P GENERA~ IfY3URANCE UNDERWRITE
Rs, rnG
F~LEO AMD RECQRD~Q
Th~s Instrument Prepared By ~yp'1. E. B2'~I ST- LUCIE CO~NTY f~~.
First Federal Savin s& loan Assoc+ation ROCER POtTRAS
of Fort Pierce ~~ol'ida RE ORD vf
~ir ~Q COUAT ~((,l
~~~•ii
Checked By - - - IQ 48 1U7
r~ 2%~466g
ACRR 2VV FA6E
_1