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3. To plx~ u+d continuously keep on iM buildingi now or hero+Ner sitwts on said la~d and on aU equlpm~nt and p~rson~lly covered by this mor •
age, with a!1 pemivms ~her~on p~id in iull, fi~~ iniur~nce in ~M usual s~andud policy fwm, in • swn ~pprowd by th~ MORiGAGEE. and wind~~o ,
insur~nc~ ln th~ uswl ~undud policy form, tn a sum approved by tM MORTGAGEE, in wch company o~ compa~i~s ~t tM MORTGAGEE m
d~ractj ~nd atl iG~ ~nd windstwm inwrana polki~~ on +ny of said buildinp~, aey Iet~ryt tF?K~in or pa?t tha~ot, M th~ pprey~a wm afor~~aid
in ~acess Ihereof, ~hall ca+t~in tM wwl sur,dard mort~apN claus~ a iud+ aFw~ cl~us~ ~s th~ Ma~ysq~e may ?puir~. ma4lep tM lost u~ said po
de~. eacl~ ~~d ~very, piYabl~ a said MORTGAGEE ~s in interest maY ~pp~ar. s~d tach and tvery iuch pol;cy ahall t» promptly au:Qn~d and dNivKed ~
any held by s~id MORTGAGEE as furrhtr setu~ity to said morty~p~ d~bt, u~d, not Ists th~n IM (101 days in ~dv~nc~ of tM ~zpir~tion of ~ach policy, ro d~
liva ro said MORTGAGEE a rN+ewsl tF+~reof, ~o~N~ wi~h a reuipt for ~M pr~mium of s~ch rN?ewal; and the~~ thall b~ no fi~~ or winds~o+m fnsw~nc _
ptsced on ~ny of ~aid buiMirqs, ~ny inte~esf ther~in a part tlwrwf, unl~u In ~h~ form ~nd with th~ loss payabl~ as afw~saids snd in tM avsnt any tun
of nwney becortws payable ur~~ wch policy a policits said MORIGAGEE shsll hav~ 1M option ro r~ceive and spply the s~m~ on accouM of tM ind~bted
neu secured hereby or b permit uid MORiGACaORS to reuiv~ and us~ if a any part thereof fa othc~ purpoaes, wi~hout ~hereb~ waivi~.g a~mpair•
ing any eq~ity, li~n a rght vnder w by virtw of this mortgapes u~d in tM ~vent ucd MORTGAGORS ihall for any r~asoo f~il to keep the s+id premises so
insured, or f~il b deliver promptly any of said policies of insura~?ce ro ssid MORTGAGEE, a fail promptly to pay fully any p~emium thc~efor o~ In ~ny
respect fail ro p~r(orrty dischupe, ~:ecute, ~ffect, complete, comply with and ~bid~ by this coven+nt, a~~y parl heraof, ssid MORTGAGEE may plac~ +nd
pay fw such i~wra~c~ or any part tl?Keof without waivinp or affectinp ~ny opYwo, li~n, puity, a~i~h~ vnder w by virtw of this Mortpsp~, ~r?d the •
tull smo~nt of Nch and ewry wch payment ~hall b~ imnedi~roly dw and p~yabl~ and aMl1 bsar interest from tM dat~ thereof until piid at tM ~at~ ot
nine per ce~tum per annum ~nd together with tuch interest shall be s~cvred by 1M li~n of this mortysy~.
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1. To psrmit, canmit ar suffa rw wsiq, lmpairmem or deteria•rion of aid prop.rry or •ny p.n ~h.r.of.
5. To pay ~II s~d sirgulu tM costs, charpes ~nd expenws, includinp a ~~sso~able attaney ~ fe~ snd costs of a4strads of title, incvrred w psid at
any time by said MORTGAGfE, becauie w i~ fha evant of rA~ tailur~ o~ tia pa» of tM siW MORTGAGOR to duly~ promptly ~nd fully p~rform, difcMrg~,
execute, effecf, compkt~, eomply w~~h and ab;de by ~ach and every tM stipvl~tions, sg~eament~, conditioos. ~nd cownann of s~id promissory not~ ~~d thii
mortgape any w either. ~nd sud cosn, charqe~ •nd axpenws, e+ch and ~very. shad b~ tmnedi~tefy dw and payabl~: whether a not tMr~ b~ norice de
mand, attempt fo solkct or wif p~ndiny; uid ths fvll amo~nt of e+ch and wery svch payment aMll bear intereit from tM d~tt tl+sreof until p~id ~t the
rate of nine per ccntum per uuwm; and all said costs, charges and experues incurred w paid, topether with such interoit, shall b~ sKUr~d by th~ lien of thu ~
m«ty+ye.
6. That in ths ewnt of any breath of this Mo?t9aps w default on the part of the N10RTGAGOR, a(b) in tM ~vent ~ny of s~id swns of mo~ey
herein ~efared to be no1 promptly and fully p~id within thirty (30) days next after the same ieverally bctoms dw ~nd p~yabb, without tkm~nd a ~otice.
or (c) in the event each and every tM stiputations, agr~nts, condirions and covenanta of sa~d promissory not~ and th~s mwt9~~ sny o~ ~ither sre ~01
iuly, aomp~y e~d f~iy P..f«m.d, d~xhar9ed, executed, effected, compkred, complied with and abided by, then in either w any such ~wm tM said ag
gregat~ wm mentana! in said pranissory ~ote tMn rtmainir?p unpaid, with inte~est acuued, and atl maxys setvred Mrtby. sMll bstom~ dw and p~y- -
ebte forthw+th, or thereafiar, at th~ option of said MORTGAGEE, as fully and complstely ii •11 of the said sums of money wer~ aqinally ~upulated ~
to be paid on iuch day, anythinp in said promissory ewta ot in this Mortyage to th~ ca+tr~ry notwithstandir?p: and thtreupon or thereafter ~t tM option of
said MORiGAGEE, withouf noric~ w dsm~nd, tvit at I~w or in puity, thcrefwe o~ thaeafter bep~n„ m~y b~ proiecvted as if all morwyt s~cv~rd Mrsby ~
had matuted prior to ib institution. ~
7. TF?~t in tM svent that at Ihe beginni~g of or at a~y time pending any suit upon thii Mortgaye, w M fwaclose it, ot fo nfwm it, a to enforp ~
c~ay~~x+i1 ~t a.~y : s:ass ~.::.-::r„a.r°:, ss~~ ~!t?QTr_nr.sF ~h„u a~gty so !ha Coutt haveno }vri}dittion thc~eof for the appointment of ~ Receivet. such Cov~t shall ?
for~hwith sppoint a receiver of said morty~ged property alt ~nd iin9ul~r, includ~ng all ~nd singular tFN intome, profits, iuues ~nd reve~ue~ from wna~~ver
wurce darived. eath and every of which, it bein9 expressly urdcrstood, is hereby mortgaged as if spetifically wt forlh ud destribed In tht Qr~ntinp and
haberrdwn cle~ses hereof, and such Receive~ shall Mve all the brwd and effective funct~ons and powen in anywise eotrusted by ~ Cwrt to • Receiv~r, and
such appointment thall be made by wch Court as ~n ~dmitted equity and a mattet of absolute r'~yht ro s~id MORTGAGEE, and without reference to tM
adequsty or in~deqwcy of tM vslw of the properry mwt~ayed or to the solvency or insolvency of uid MORTGAGQR or tM defenda~ts, a~d that such
renrs, profin, income, iuves a~d revenws ahall b~ applied by such Receiver ~ccud~np to tiw lien or ~quity of said MORTGAGEE aod ~he pr~aic~ of such '
Co~n. ;
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e. To auiy, promptiy ~nd fviiy p~wfwm, rl:~:ar~y~s. ~ze=uta. af.'~:t, car.s;,~e!e. ~gty rr~.?h e!u~ a~~de ~y exh ~~d ewry tM stipul~tions, presmenq.
cond;tions and covenants in said promissory note ~nd this mwty~ge set forth.
9. That in the event the ownership of the morty~yed premises, a~ny part thereof, becom~s vested in ~ p~non othtr tMn tM MORTGAGOR, tM
MORTGAGfE, in sucuswrs snd aui~ns, may, withouf notice to th~ MORTGAOR, ded with such ~ucceuor or suctesior in infere~f wirh referaxt to this
morrgaye and the debt he~eby aetwed in th~ ume manner a~ with Mortysgw without in any way vitiatinp w dixMrpinp tM Mwfy~pon' liability h~rt
under or upon ths debt hcreby secured. No wt~ of the premiie~ hereby mortyaped ~nd no fwb~~ranu on tM pan of tM MORTGAGEE or its svccesson
or assigrn snd no extension of the time iw ths payreunt of tl+s debr hereby secvred 9iven by th~ AAORTGAGEE or ih iucc~uora or ~ss~~h ~MII op~raN
to releass, discharye, modify chanp~ or affecf tM wipinal li~biliry of the MORTGAGOR Fwr~ir?, eith~? in whol~ w ln part.
10. It b specifically apreed thst time is of tM dience of this contr~ct •nd tMt no waiver of ~ny obliyation Mrwnda or of tM oblipation se-
cured hereby shall at any tirta rheroaft~r be held to be a waiv~r of tM terrtu hereof or of rht instrvmsnt setured he.by.
11. In add~tion to the fwego:ng monthly payments oF princ'pal and 'ente~dt requi~rd by tM promissory note secured her~by, mortyagor covenants
and agrees to pay to mortgagee w;th each monthly payment ~n add~tional sum estimated by mortyapee to be equal to 1/12 of the annuat coit of the fdlow-
ing:
A-All reat property tsxes kvied or assessed agsinst the above dexribed reat estate.
B-Premiums on fire and windstorm insurance ss herein ~equ;red to be carried on the improvemenb sitwte on the above deuribed premises.
C-Premiums on suth mortgage guaranty insurance as mortg~gee shatl from time to time deem fit to c~rry on the loen secured hereby.
Mortgsgee shall from time ro time no~ify mortysgor in writinp of the amount dve and pay~ble hereunder and such sum ~Full thtreupon be dve and
~ayabk on the due date oi the next monthty payment ~nd each iuccessive month thereifter untit mortpayn~ shall notify mortyayw of a chanpe in s~ch
amo„nt. Such sums shsll be applied by mptysyee towsrd ths payment of resl property t~xes, insunrxe prem~urra, •nd martpaye qwr~nty insur~nce
premiums.
IN WITNESS WliEREOF, tke seid AlORTGAGOR hai he~eunto ut his band u~d seal the dey ~nd ye~r fint ~faesaid.
Sign~d, S~aled ~nd dsliv~r~ed~in th~ p~~s~ne~ of: ; ~
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9
A
STATE ORIDA I' ~
courm oF St . Lucie ~ ( SEAL )
8sfore nw p~rwnally appea~ed W~lll~m F. _Sampson and Bonita G. Samnson, hi s wife ~
Hn~card W Samnson and Helen D. Sam son. his wife; and ~~-~~~~`~'~~i~•
P his wNe, to m~ well known and kryoMriF-to ~li~o
s individwb de~cribd In and who ~x~cut~d ti» for~parg (n~trum~nt, ~nd acknowl b~fon rn~ tA~t tF~ey ~x~cutd Nw e~;10r tIN
mpson, wife of Wil iam F, •
rherein •:P..s.~d. nna rh...~a Bonita G. Sa Sampson and He~'~ep..~~l_~_~~""~
wife ot w~d Howard W. Sampso~; and I ris T. Sampson, wife of Emerson G.
examination by ms ta4en stpanu ~nd ~part franTi~~r s~id Mnbandi uknowl~dyed to and b~fon m~ that ~I~r~x~cvt~d uid :iey , ly and•yo1NM• ;
rarily u~d without ~ny comp~lsion, corutnint, appr~{wni,on,,, cr hu of w irorr~~ s~id husbandf. i.:
.
WI7NE55 my hand ~nd official Hal rhi. 1 C'~ 1• d~y o{~ ~ ~7~
r, ~ i l,
~ry Publk tn and for tM af~ of fio~id~ ~ ~
Retvm To: My ~m~~ 1nA AT LAR~r;
WOTARY FUBUC ~A~~~- ~ • • • • ~
firsr 'federal Savinps 8 loan IbsociaYwn MY G?:'.': °/=~=it;f! f~;+i':R~S K i~' : l975
Of fort P;erte. ~(~(EW1L Il+j$iiwu~l.z U~'C~''~'y•`»iw~ IN ~
Port Pierce, Florids
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F11E0 AMD RECOROEO
This Instrument Prepared By J~ H. Roberts, Jr. ST.Ll1C~E COUNTr flA.
First Federol Savings b Loan Association RaCER POiTRAS ~
of fort Pierce Florida RECOR~ v~aiF EO COU_
R~
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r
Checked By 7~ ~
Miur I I!0 ss AN 71
4 800K P~Gf ~48
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