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3. io p'ace ar,d centinuoui~y le^p on the L~. J~~.gs nex o~ her~•e:rer ~~tu+rz on s,,d 'and a^d on a: eq.,~;~:nen? a~td pe•aonally eovered by th~s mor
n3e. w~th al! prem~;,ms thereon E:a d,n f:,;l, t:r~, i,.s.,;i,. c_ ~n m: ~.s.:e~ zr,~ :1,•J Ho ,cy fonn, in a su~n ,~~.p:o.ad bt th: h1UK~vAvEE. ancj vv~nusto
~~surance in the us~al s+andard po: cy iorn,, ~n a s.,~:1 a~p~o:~d Ly rt~a htJRTGAG:E, in such co~~~pany or co~npan~es as the t.ORiGAGfE m
d~~ech and all fire and windsta~m msurarce pohc:rs on eny o~ s3~d iu~!d ngs, ~ny interest therein or pa.t thcreof, in 1he aggrcyaee sum aforesaid
m excess ~hereof, sh,~ll :ontain thr vsv::~ sta~-.d;rd n,orTy,gee c 3.:se or wch o:hrr c'j.,se as the hlortyagee may reqwre, R~aling the wss u~~dar 4~~d po ~
c~es, each and every, payab:e ro said ~:~QRiG4GEE as ~~s :~urr, st ~nay appra~, and each a"d e.e.y wch po .cy shafl b~ p~on.priy ass g~~rd a~~d oe.~rr.ed ~ '
any held by sa~d A1pRIGAGEE at funhe~ s_cur~ty ro sald n•.o:r~..~r d~ut, and, noi :esv than t<n (i0) d3 s~n ad:ance o1 the ex uat~on ot Each to d. ;
L r ~ Po;,cY. ~
~~ver to sa~d ti10R1GAGEE d t2nCwa1 ihe~eu4, t~ge~her ,nrth a r~tr+;;t ~O.' II1~ FIC~1l~U~71 of s~ch renewal; and thrre ~ha;l 6a no f,re or ~~:~~dsto•,n inwranc ~
p~~eed on any of sa~d b~i!d+ngs, ony ~~~rerese th~re n o. F>a~r t;:e,~,of, u.: ~~ss ~n ih~ for~.; a~~d w~~h The ~css pay~bie as aforesa~d; and ~n tt~e e.ent any s~~
of monry bceo=nes payabte unde~ s~ch po~icy or poLc~es s~;d !:.JRT~,;,GE~ sh.,1i ha~e ~he opt.on ro r~~_~~ve .,~~d apN'y ttia sa~ne on ac.ou.v of thr i~~drbt~J
ness secured hereby or ro permn sa:d MORTGAGOR$ to rec~•~ve and ~se ir or ,ny i~;~~ r/:•::eoi rcr cr::•v ,;~r: ~i~s .;:rn~..r rh ,.r ~~~.p.,c
~ng a~y equ~ty, 1!en or r~ght undcr or by v~rtue of thls ~~•c:~yagr, and ~n the event sa.d h10r2i(;,AGORS sha!I `.or any reason fa~l to krcp the sa~d pre~r.~s>s so
nsured, or lail to de:~vcr pro~npt{y any of sa+d poLc~es o1 ~nauran:e to sa:d A50RTGAGEE, or ta~: p:ompt;y to pay fu~ly any pren~~~m tl~crufor or in a~y
res~.ect fail ro prrfarm, .~~SChargC, ex.~c~re, efiec~, co+~~y,'er~•, co.7,y~ty w;ih and ab~de by tt~~s cov~nam, or any pare hareoi, sa:d N.uRT; ~GEE may p~ace a~o ~
pai for such insurance or any part thar~of wnhout waiv~~~g or aficctin9 any op~~on, I~en, equ.~y, o~ r~yht unde~ or by v~rt~e of this hlortgage, and thc =
f~!I amovm of each and e.ery svch payn;ant shaf! be ~•n:r~ediar~hy doe and payau;e and shall bc:ar inteirsr lrom ~ha darz thereof ~ntil pa~d at the rate ot {
~~:~~e per cznt~m per annu:n ~nd tea,•thvr ~nr.h such intcr,.st sh~u :,e s~-c„rad by the i~en of this mortgage.
4. To permit, tommit cr S~f{er r.o waste, impairm~nt or date:;orat~on of said property p~ any Fdrt the~eof.
S. To pay all and sirgula~ the costs, chargrs ar.d expe:nes, ~r.cltid~ng a rr.;sonab!e attomey's fee and costs of absrr;cts oi t~~le, incurred or pafd at
eny time by so~d MORTGAGfE, because or in rhe event of rhe fa,:urc on tne cart of ~he said h50RiGAGOR to duly, pro~nptly and fu11y perform, d~scharge.
execute, effect, comp:ete, co nply w~th ar.d ab.de by ea:h a~~d every ~he stip~~at~ons, agrramcnts, tondit~ons, and covenants of sa~d prom~;sory nore and ~h~s
~:o~tgage any or e~ther, and sa.d cosrs, charges and ez~ensrs, rach and avery, sha~l be im~n~•d:atefy due and payab:e; wherher or not thrre be nonce da
~~~and, arrempt to co;lect or suit pcnd.n9; and the f~1! i~nount of each and every wch payrc~ent si,all bear interest from the date thereof vntil paid at the
~.,rc oi n;~~e per centum per ar~w ~n;.' ~i; se~d CGiT1, C~~3!3rs a~,;i ~,.;:~,.s_s :rcu:rrd o~ ps~d, toycther ~v~th such mrerest, shatl be secured by the Gen of thh
mortgage.
b. Thaf (a) in the event of any b~each of this Morigage or defa~lr on th~ part of the A10RTGAGOR, or (b) in the event any oF sa:d svms of money
herein refe~red to be nof pranpt:y and fu:ly pa~d v.~rhm th.cty ;3J) dars ne.~ ~•rrr the s~~ne severa'~y becume due a~d payable, withoui demand or nohce,
o~ tc) in thr event each and every the stipu!a~~ons, a~reamet~rs, co :d~~~ons and covenams of sa d prorn;ss~ry note a~~d th~s nwrtgage any or ei~her a~e not
iu;y, promptly and futly p¢rfor~r.ed, d.scharg•_d, executed. effecred. tomp!eted. comp;~ed w~~h and atr~drd 5y, then in e~ther or any wch event the sa~d ag-
~•_gate sum mentioned in sa:d pronussory n:,te thzn rama~r.ing ~n~;a~d. w~th ~ntrr~~;t acuuad, and a;; ~non~ys sewred hereby, shaN became due and pay-
jc e ~onhw;rh, o. thereafter, at the epnon of s~;d hSURiGAGEE, as fvily a~~ :u~T~yieieiy as if at~ cf thr s~~d sums of m~ney were or~gina~ly st~pu~ated
~o be pa:d on wth dty, anything in sa.d pro:n sscry note or in th~s hlortga~r ~o the contrary no~w~ths~an~ing; and thereupon o~ thereafter at the opt~on of
s~ d MORTGAGEE, without nor~ce or demand, su~t at law or ~n eq~~ry, therefore or the~eafre~ begun, may be prosccuted as if all moneys secured hereby
r•:J maWred pnot to ~ts instit~t~on.
7. That in the ever.t that at the beglnn'rg of or at any nme pendng any sult upon th~s htartgage, o~ to forec!ose it, or to refwm it, or 1o eniorce
~~rrment of any cla~ms hereunder, sa~d MORTGt+GEE si5a;i appiy to the Court havn:g ~ur~sd.cCon tF~erco£ for the appo~mmeN of a Receiver, sucb Court shall
~c•'hwith appoint a receiver of aaid mo:tgagvd pro~~rty a~i and sin~~iar, ;nc;~d ng ~.i and s~nqu~ar !h~e ir.~ome, proh~s, issues and revenues from whatever
s::•ce derived, each ar.d every of whch. ,t be~ng eapress', ,;ndr~s~cod ~s i.e:~~~; n:e.eg.~g_d as ~f speuf~cally set forth and described in the 9~anting and
h,bendum clavses hereoi, and such Recciver shat: bave ait ~he b:oed a•:d rt~ccr:.e f~•,r. ons a~~d poners ~n anyw~se entrusted by a Cou~t to a Receiver, and ~
s. ch appoinrme+~t shail be ~~ade by such Covrt as an ad ~,nrrd equ~rr a:zd a r airer of a!.sul~sr r.gh~ to said h50RTGAGEE, a~d with~uf re~erence to the
e:i_yuacy or +nadequacy of the va(~e of the proprrry mo~rgaged or ro~he so.~nc~ c~ ~n;o.:~~ncy oF sa~d MOR7GAGOQ er the defendants, a~d ihat such
•~~fs, profits, i~co.ne, iswes and reve~:ues sha~l be appned oy such Rec~•~~e: ac_erd:: g to the Len or eqwty of sa~d A1t7RTGAGEE and the prattice of such
Court,
8. To du!y, promptly and fu:~y perfo~m, d~scharge, exzc~re, cff~;~, ~~-rFi_.te, cc~^pty w~!h and abide by each and every the stiputations, agreements,
_•_~ndit;ons and eovenants ~n sa~d pro:n~ssory nute and th:s m~rt~e~e set tonh.
9. That in the event ihe ownersh~o of th.~ mortgag~d pre-~.~ses, o~ an~ pa~t :i•crecf, becomes vested in a person other than the MORTGAGOR, the
V.ORTGAGEE, irs successors and ass',gns, may, w~:hout r.et~:e to r~.a ~titJ~TG~:~R, d~a: w~th such successor or successor in imerest with reference fo this
:~~o~rqage and the d=ot hereby sec~red in the samr n,an„ar as ~n:~h ;.\,ryagor r;~ih~ut in any ~vay vit:ating or dscharg~ng the 6lortgagors' liabii~ty here-
der or upon the debt he~eu~ szcured. No sa'e of tF:e Er~:c~ses liereby mo~tysg~.d ard ne forbeara.,ce on fhe part of the /AORiGAGEE or its suctessors
or ass~gns and no ezrension of rhe nme for the pay~„ent of ri~A dc•br hr~,~t,y se,vr~d g;.e~ by rhe 1.10RTGAf,FE or ;ts successo~s or ass;gns, aGall operate
~ !o reiease, d~scharge, mod;fy ~hange or affecr the or+g,nal ;:oi,:..ry of ~ne h'.GRTGAGOR here~n, either in whole or in part.
~ 10. It is speuficatly agreed that t~me ~s of the rue~ue ef th~s to+~tracr a,~d that no wai~er of tny pbl;gat~on hereunder or o£ the obligation se-
~ cured hereby shaf~ at any tin:e thereaf:er be hetd to be a wo~.er ci tha tenTis hr:eoi o~ of the insrrument secwed herby.
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: ego „g ~na„ri,!: l:djrt~:'n!T ur ~
t l t 1n zdd.r:e :+o the for i:: and s+ -r:~i rc•d 'by !he p~om s~~y ne'e se.urcd heceb~, mo:tgayor eovenants
d agr_es to ~ay to r•:c•tg3y-_e v,,:;h each onrn.y ;,.,r: e~,r ,r a..,~ ,.:;,ai s.,~-~ _s• ~,~~d b~ mortyagee to t~e equa~ tc 1 i2 of tS~e annual cost of the foilow-
f ,
f A-All real property taxas ~evied or assessed ag.+i•.st tf:^ acove desu~~cd r at es~.~te.
~ 8-P~~rn~wns on f~re and w~ndsror,n :nsu~a~ce as nr~~•:n •eq.~:~~•d to ~e cer~~•_d cn tiie ~m;,rovemeits s:tuate on the above described premises.
i C-Premiv^u o~ such mo~tg;ge gua~anty icwra: .e as o•~3ayee shafi frc•=• r^ e'o ?I~~e deem fit to ta~ry on the loan setvred hereby.
! Mortgagee she~l !rom tune to tk~~e norlf~ n,eri~.,ycr ~n :.r~r,,:g o( the ac~c~^t d.,e and payable he•eunder and such w~~ shall the~eupon be due and
~ .,abte on the d~e aa!e of rhe ~+~~t n:o~t~~:~ pay~~>_~r.r a~~d e:ch s;;ccess«e ^c•~th rn~raair_r ~r.t;; mcrtg~gee shall notlfy moregagor of a change in such
~unt. $uch wms sFa:f be op~~:;ecJ by rteoryay:e to:.a~d Ti,e ,.a~~nent o4 r~~.~; proNerTy taxes, inwrance prem -ns, a:~~ mortgage guaranty insurante
. •_•miuTS.
~ IN \VIiDJc'SS `l.'HEREOF, the sa~d MOR7G~Cv02 has hs,e~ -ta set hEs h.s,:d and s~~ef the day and ar fir foresaid_
igned, Se d~nd i red i the presence of:
i
~ (Seal)
i _ . ' (Seal) '
~ _L :
Z • ~"2c (Seaq i
~ - (Seai1
r
~ S~.~TE Of FLORIDA
i ~
` St. Lucie
~JU'JTY OF ~
Before me personaUy appeared _ _ COdy 8~ 2 LQy e~
~~YOIyT3 :i. iley his wife, to me weil known and knovm to me to be
~h~ individuals desai6ed in and who exewted the foregoing instrument, and acknowledged before me that they execcted the same for the purposes
!he•ein expressed. And the sa~d_~-.---_-----_ _~~srOlyft A. $~21@y
~ r:~`e of the said _ CQd I.. Bdlle upon a separafe and private
- - - - --Y
i e•am~nat~on by me taken s.aparate artd apart from her sa~d husband, acknovvledged to and beTOre me that she exetuted said i~strument freety and votun-
; ranly and w~thout any compulsion, co~s~ra~nt, apprehe~s.on, or ear of or from her said husband.
WITNESS my hand and official seal this_ _ day of_.__. MarCh A. D. 19 72
_ / '
Notary (ic in and ~or the 5 te of florida at large
My C m~ssion eapires: ~i ~ 9~ 1
Return To:
F~rst Federal Sav]ngs b toan Assoc~at~on ~ !7r i~?F;•y plJr++_~f. $TATE ('F FlORIDA A~ "'-~Ct
of Fo~r v.,~~ . rrY ~n}~•,:tSS10N EXPIRFS AUG. 6~ ~~_g s
Fort P~~-r~~, Fior~~13 ~ • ` q~
~ 4ENERAL INSURANCE UNDERWRITERS. ~ryC. S'
" ~ yb;
, • - f#~l CAE CQ~NiY ~A~ ~ J
This Instrument Prepared By SJm. E. Sr~un r, ~ A~CE~ Ra1TR~~ ~
- c~ESK C~ncuit 4ouRT ~
First Federal Sav~ngs 8~ Loan Association ,
of Fort Pierce , Flor ida ~ ; RfCORO vERIF1E0
Checked By ~ - ~ ' ' ~ ~4 ~Q ~
' ~ ' 226180
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