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To p'.~c~ and contin~ously kcep on ~he bui'dings norv or he~eafter s~tuate on so~d land and on all equip~nen~ and persona~~y covered by this mor
+_~e, ~n•.'h all pr~rn~v,~:s tl~_~~~~on E;ad m tui~, G•c inSurente in Iha uwal ita~~datd poi~t/ fOrm, in a s~~n ap~iO+ed bw tha MORiG~GEE, a~~d windst0
~~surance in rhe uw31 St~i~cJ:~rd pol.cy to~m, in a wm appro~rJ by ihr A\ORTGAGEE, in such company or compa~ues as ~he A10RTGAG:E m
d rect; and a11 fire a~~d wu~ds~onn i„surance po:~ues on any of sa~d twiid.ngs, any inrerest rhe~e~n or parl thrreoi, in the i99~ega~e sum afaesaed
In excess ~h:reo(, shaN conr,in ri~e us~at sra~,dard n~o:fg.~gee cleuse or s~ch other cl.~~se as the Mo~~gagee may reqv.~e, maki~g tnr loss undrr sa~d po
~~_h a~,d e~ery, pa,;,b+e ~o s~~d ~~ti~RTGAGEE as ns ~mar~i~ may appear, and each and e~cry suth po..~ shatl 6e pron,pUy assg~~ed ~~~d de~~~ared :
a~i~ h,.•~d b~ sa~d ?,•,ORIGAGzE as i~nhar s=turity to said ~r.ortgage drbt, and, nar iess flian ten (t0) days in ~d+ance of thc exp~rat~on of eath pol~ty, to d~
~..er to s.,~d !.1JRTG~GEf a renewal theieoi, toge~hrr with a rete~pt for the pr~~nium oi such rene++a~; and thrre shail be no i~re o~ w~n~lito~m insuranc
F!.+ced on any ol s.~~d bv2d~•t~s, any ~n~erest there~n or par~ thereof, un!ess in the fo~m and wdh ~i,e tosa payabte as aforesa~d; and in the e~enf any w~
ot mo~,ey be_o:~+~~s p~yab;a vndrr s:,ch polity w pofci~s s~id blC~RTG~GEE shall have the opt~on to rrcrn•e m+d app!y th> same on account o1 the indebted
~ss s.c~r,:d he•eby or to p,rmil s~id ~AORTGAGORS to receive and use it w any p.~rt ih•_:~~uf icr o:n•.r ~.ur; :,ses. :~:~no•.t ~h~•.o, Lvs~w~,3 cr ~~~+p~~r
~~y any equ:ty, l:en or r~ghf ~ndc~ or by virtue o( this mo:~gagc; and ~n the event sad A10RiGAGORS sha!I Sor any reason fail ta kcep the sa~d prem~s~~s so
~.sur„d, or fail to d:!~~c~ prp~nptly any of said pol,ues of insuran~e to sa~d A50RTGAGEE, or t~i! pco~nptiy to pay fu!ly any pre~~~~.;~n therafo~ or in any
rc~sF ecf i~~l to , er'orm, duc+i~rye, exewre, effec~, comp;eta, co:npty wi~h and a5ide by this coven~nt, or any part hareoF, s.+~d MGRIGAGEf may p~ate a•~d
;cr such insur.~nce or any pa~t thereof wnhaut waiv~ng or affecting any opt~on, lien, eq~ny, or ri~ht undcr o~ ~y virtue of this Alortgage, and tht
a~~~ounr of each ar,d e.ery such payrnent shall be immediately due and payable and shali bear inttrrst irem th.: date thereof until paid at the rate o~
P~'~ F%er ar.nt, n and U~rth~•r v~ith SuCh int~rest ShJti be Sd:vr~'d by ihe !i@n Of lhii mOrtgagC.
J. To permir, ~anmit or auffer no waste, impairment or deter~oralion oi sa~d property o? any part thereof.
5. To p~y all a»d s~ngvla~ the cosrs, charc~es and ezpenses, incl~ding a reasonable attorney's Fee and cosrs of abs~racts of title, incurred o~ paid at
- by s~~~ h1pRiGAGEE, because o~ in the event of the fa~lure on tne part of the said MORTGAGOR to duly, pro«~ptly and fulty perform, dacharge.
,__.,t~, efiect, cemplete, mmpty w~th and ab:dr by each and every the sf~pulat,ons, agreements, cond~hons, and covenants of said prom~sso~y no~e and th~s
.'tg~g~ ~ny or e.~her, a~:d sa:d costs, charges and expens~s, each and every, shatt be immrdietety d~e and payabfe; whether w ~ot ~here be no~~ce dz
,•.d, ~ttc rpt ro coGec! or suit pend;n9; and the ful~ amount of each and eve:y such payment shell bea~ interest from the date thereof until paid at the
,,..e ~x, c~~::,,.,~ ~.~~r ,,,u~u 4nC ait sa~d costs, charges and exarnses incurred or paid, ~ogriher w~th suth ~r~terest, shall be secured by the lien of th~s
~~;ertg~ge.
6. That in the event of any brrach of fh~s Mortgage or default on Ihe part of the I~tORTGAGOR, or ;b) in the event any of sa'd sums of money
-e+n ref:~rrrd to be ,;ot pro,~~pt;y and fully paid wiihin ~h~rty (30) days ne,et afrer tne san,e seve~atly become due and payable, without demand or nonce,
~~.ci in thr event e~ch and eve~y the shpulafions, agreaments, condafons and covenants of sa.d promissory note and th~s mortgage any w ei~her are not
!:'y, pro~~~prly a~d fu~iy perform~-d, dsctw~ged, exec~ted, effected, complered, compl;ed ~vifh and ab~ded Sy, then in either or any such event the sa~d ag-
:;at~ wm m~nt~~~~ed ~n sa~d p~oroissory note then ~emaining unpald, with inte~e;t accrued, and a;l moncys setured hereby, sha~l betome due and pay-
,!crthwrth, o~ therrafter, at the op!ion of sa~d MORiGAGEE, as fu(iy a~x! compfetely as ii all of the said sums of money we~e onginally stipuiated
Le ~a d on svth d~y, anything in sa.d pro:n~ssory note or in this hlortgage to the contrery notra~ihstanding; and thercupon or thereaftrr at the option of
~.i ~~",02TGAGEF., v.~:h~ut not~ce or drmand, suit at law or in equity, therefore Or thereafter begun, may be prosetuted as if a(1 moneys secured hereby
~.l rietufEC~ E)~ Jf to ~ts i~st~r~non.
7. 7l~;r rn rhe evenr thaf a~ rhe ~eglnn;ng of o~ at any time peodtng any su~t upon this Morts~age, or to forectose it, or to reform i1, or to enforce
..:,nent of any c'~.,bns hereundrr, sa~d I~IUATGAG~E shalt apply to the Cou~~ having ~urnd.cs;on thereof for the appo~ntment of a Receiver, wch Court sha(1
_ ch::irh apF c~nt a rece,:e~ 04 said mortgage-d property ail and sinqutar, in~lud~ng ail and s~ngular ~he incon~e, profns, lssues and revenues from whatever
; ~:~ce da-i~_d. eath ar.d evary of v,h:ch, it be~ng expressE~ unders~ood, is hereby mortga;3 KJ as if spec~f~~aUy set iorth and described i~ the gran~ing and
c~r.d~~r. c:auses herro4, aod such Receive: shail have all the broad and effec!:ve funct.oos and po.vers in anywne entrusted by a Cour1 to a Receiver, and
aE'r~o~~~rme.~~ 5431+ be n•ade by such tourt as an ad:nittEd equ~sy and a matter of abso,ure r~gM to sa~d MORTGAGEE, and without reference to the
a.,.,cy o~ ~nadeq.,ac~ of tt;~ va:ue of the property mongaged or to the so.vency or msavency of said MORiGAGOR or the defendants, and that such
~s. F.roi~ts, inco..~e, issues and revenues shall be appiied by such Recerver accorduog to the i:en or equity o! Said MORTGAGEE and Ihe practite of such
~ ~~rt.
3. To du!y, promF.:;y and fut!y pei4o~m, d~scharge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements,
~~t:ens and covenanfs m sa~d promissory note and th~s mortgage set {orth.
9. Tf,at in the z.~c:» the ownzrsh~p of the mort~aged preR~~ses, o~ arey part thereof, 6ecomes vested in a person other than the MORTGAGpR, the
:"'RTG4uEE, irs succ~•sso+s ar:d ass~gns, may, w~thout nct~ce to the MOR'GAOR, deat w~th such successor or successor in ;nterest with reference to this
'ga~e a~ d the d_ot hereby secured in the same manner as with Mortgagor withovf in any way vit;ating or dacharging the Motigagori lidbilify her~
.,r or uf~on rn~ dai;r h;:e~~ sewr~d. No sa'e of fhe pren:~ses hereby mortga9ed and oo fo~bearance on the pari of the /AO~CTGAGEE or its successors
_;ss~~ns a~~d ~~o exrers~o~ of ~he hme ior the paymem of the debt hereby secured given by the lAORTGAGEE or its svccessors or ass~gns, aiiall operate
~ re~e.~se, d.schar~e, mod~fy ~hange or aFfect the arig,na! IiaU~i~ty of the MORiGAGOR herein, eifher in whole or in part_
70. Ir Ps ~~:cc:!kai~y ;~greed that time is of 1he essence of this cororact and that no waiver of any ob~:garion hereunder or of the obligatan se-
~.~~d he~eb~ sha'.~ at an~ ti~,:e thareafter be he!d Io be a wai.er of the terms hereof or oi the instrumem secured herby.
t t. {n .;aci r:e ,~o rh= fa~ege ~,g ~nonth'y paym~nts oS ;;ri:~c pal and inrores~ requ~red by the prom szcry no*r sewred hereby, mortgagor eovenants
, a~•~<s to ,;a; ro n;o-r~agee ~n~rh each monrh~y pafr.~ent an addr,innal sum esr;n:aied by mortgagee to be equal to 1, 12 of the annual cost oi the foUow-
. . _ r
A- Ai! :ca! ; rop-,rty taxas !ev~e3 or d35°55_d ag3i~st the above described real estate.
o Fr ,s ~n fir-r ar;d w~~:dsro~~n ~nsurarce as iie-e~n req~~red to be carried en th.~ :mprovements s~tuate on the above d_scribed premizes.
C P~~:-:u~• s oi wch mortg;ge gvaranty ir.surar:ce as mortgagee shai! t~ec^ r:me to rime deem fit to tarry on the loan secured hereby_
f: or•g.:~_c s ~~c:n t~~ne to t~~.~e nof~fy mo•tgagcr m writ~ng of the ac,ou~t d~e ar.d payaale hereundrr and suth surn shall thereupon be due and
~ o•~ +h~ d~~ d.:•e ei iha ~~•~,r mo~th:~ payn.ent and each successive monrh tnereafra. uctil mortgagee sha!I not~fy mortgagor o4 a change in such
^.t Su_i~ su+~:s si 3.: t,e a~:p ~ed by morrgag..e towa-d the paymenf of real properry taxes, insurance prem.ums, and mortgage guaraoty insurance
, ~~I~::T.S.
i'd :~t?C1E55 7~NER~OF. the sa~d MORTGA(',pR has hereunto set his hand and seat the day ~year first a resaid. '
S:gned. Sealed and de(ioered in the preserce of: ~
- ~a~
_ 15 $lID0 r (Sea4
:
- (Seal)
n(~D.t. Do=oth W. SimoTl (Seaq
;TE OF FtORiDA
,;'~TY Of St. Lucie ~
Before me personally appeared 1.~u15 J. $lIDOl1 ~ JT .
and
_ DO rOt~]}/ W.$1ID01'~ his wi(e, to me well known and known fo me to be
Indiv~dua;s desu~'ted in and who executed the foregoing instrument, and acknow1edged before me that they exewted the same for the purposes
•e:n expressed. And the said_ ~=Oti13J ~1~. $I.IDOTI
of ~he sa;d _LOt115 ,1. $lIDOfl~ .)t. upon a separote snd private ~
nar:on by me ta~en separate and apart from her said husband, acknow~edged to and before me that she execured saed inst~utneM fredy and voluo-
~ a~~d v:~rt;out any comp,,;sion, constraint, apprehens~on, fear of or from her said husband. . '
~YiTt~ESS my hand ar.d off;ual seal this_ day of August p~9'~.72
. t~ ~
~
ary Public in and the S : F ~ at •larqe
Commission expirer
Re~vm To: ~ - ~ ~ ,
. ~ ~ :
F,rs! Federal Savings 3 Loan Asseciat;on N~T~~"^~^ "
:,,•r P..~_. ^"~it n..~~n~ af tARGE
F:,rr f:c~._~3 FILED AN~` HEG0I~OEO ~lY .
ST.lUC1E ~1UNTY FLA. ~ e°na°d - :'3. 2915
ROrcc .'1'RIS ~ .:~.a«~.nirra,
E:.~ c ~ ~~~1 ca~RT~ , ; . ~ _
Rf~O~!' 1~ I:C~~• 1-
Th~s instrument Prepared By J. N. Roberts~ Jr. ~
F+rst Federa! Savings & loan Association AuG 2y g ls AK ZZ
of Fort Pierce~ Florida
ch~~kP~i B,, ~ 2363'7'~
s°oox20J ~1~ ;S
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