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3. To p.ace and cont~nuousl~ kezp on the bu~'d~cgs now or he:rofrer s:rJ~re on sa~d land and cn zl' ~~q~ip~nent a~:d personalty covered by th~s murrg-
e~e, w~th all premwms thereon pa:d f.r~ ~ns..ra~~;e ~n tht vsuat sta~~da•d pd~cy form. in a sum appro.ed by the MOR~vaGEi, a~~d ,nvnds~o~m
insurance in ~ha vs~a! s~and~rd po::cy form, in a sum aFproved by ihr AM1ORTGAGEE, ~n such co~~~µon~ or ce:T-rar+es as ~•'•e ,Y_ORiGAGEE may
d~rect; a~d all f~re and w~nditorm insuran~e poiic~es on any of sa~d b~~~d:ngs, any interes~ the~ein ar paH thereo!, in Ihe a9g~rga~e su~n afo~esaid or
in eXcess thereof, shali wmain ihe usual stand.,rd n:ortJagae c'~yuse o~ auch o~he~ cijuse as the hlo+tyayre may retiu.re, maling tha ~oss ~ndrr sa~d pule-
c~es, each and every, pa;:,blr to sa~d !.10R.TGAGfE as ~rs mreresr may a, pear, and eacb and e~e+y s~ch pa.~c f sh~i! ba pro:r,p~;y ass g~~ed a:,d de~~~en>d ~o
any hald by s3~d AtORiGAGEE as fur~he~ s_cur~ty ~o sa~d ~~:artgage drbt, and, no~ ~ess ~han ten (10) days i:, ad:~nce oi tha expirat~on of each ~!~cy, ~o de-
I~vet to sa~d A10RIGAGEE a renaw~l thercof, toge~he~ wi+h a rece~pt foi the prern~um ot s~ch renewa'; and tncre sloall be no i,re o~ ~.vir,dsw:m ir,s~rantr
placed o~ any of said build~ngs, any intrrest therem or par~ thereof, ur.:es: in the fo~m and with the ~oss payab:e as aio~eia~d; a~d in the e~ent any sum
of money becomes payable vnd~~r such polity or poLues sa~d M.ORTGAGEE sh~ii have the op~~on to reo_~ve a~~d apFly the samr on acco~nt of tfia i~+u~~ctcd-
ness secwed her~by ot fo perm~; sjid r~toRTGaGORS to retr+ve and use it or a:~y p.,rt the:cof lor c:i~• r ~srs. ::.~no. t ih_ u, • p..r-
iny a~y equ~ty, ilen O~ r~ynf uriciei Gr Gy v~ttue o: r~:a ;,.,,:iysy.: c.~ 4!:- l~nqTr_nl1nC5 <V~a!I fo~ anv reason (ail to kr~p the sa~d prem~s,~ so
;ns~red, or fail to del~ver promptly any of said pol:ues of i:~surance to sa~d•A10RiGAGEE, or fa~: prornpr!y to pay tuiiy any Fx~-,+~~~~r. thcrefor or in a~.y
respecr fail fo pa~fo.m, dn:narge, execute, effect, co~~~p~rte, con,ply wi~h and ab~de by ~h~s coven,~.,i, or any p~rt hareot, said MURTv~GEE niay p~ac~• a~~o
pay for such insua,nce o~ any part thereof without waiving or af(ectir.g any opuun, lien, equ~ty, or nght undar or by virrue oF tius Mo~rgagr, and the
iv~t amount of each and e~e.y such payment sha!! be „nmedearely d~e and payable a~d shail bea~ ~nt~~r~st lrum the date thereof unul pa~d at the rare ot
n,ne per cerov~n per annum and tog•~fhcr wnh such inter~st shal~ be srcured by the Gen of this mo~tgaga.
d. To permit, comm~t or w(fer no viaste, impainnent or deter;orahon of sa~d property or any part the~eof.
S. To pay all and sing~lar the wsts, charges and expeaaes. ~nciud~n~ a reasonable attomey's fee and cosrs of absrraces of t~f;e, inturred o~ paid at
eny tirre by sa~d titORiGAGff, because or in fhe event o1 ihe fa:lure o~ ~he pa+r of iF.e said A10RTGAGOR io duly, pro.,,prty and f~fly per}orm, d~sch.arge.
=xecute, effect, comp:ere, com~ly w~th and ab:de by eath and every the s~ipu'~at~ons, agreemanrs, conditions, and co~e~,anrs of sa~d pro~» ~;sory nore and th~s
~,or~ga4e any or either. and sa.d costs, tharges and expenses, each and every, shall be immrti~ately dve and payabte; whether or not there be not~ce d~
mand. attempt to co:iett or svit pend~n9; and lhe 1u11 amount of each an[f every s~t~ pOYm~nY s~~o~i i,ro: 7!:~r.: !h° a_>t• tha..~nf ~~n~il naid at the
^-i ~an!_~~ ~•er an~ ali said cosrs. cnacqes and cxpenses iix~rred or pa~d, together w~th such inferesr, sha7l be set~red by the l~en of th~s
mortgage.
6. That (a) in ~he event of any breach of this Mortgage or default on th~ part of the MORTGAGOR, or (b) in the evem any of sa"d sums of money
herein referred to be not p~c:nptly and fully paid witt~i~ th,rty ;30! days ne>a a'tar tnz san,e severa'ty oecome d~e and payabte, wirhout de+na,;d or nouce,
~r ~c) in thr evenr each and evrry the st~pu,at;ons, agreemenfs, condn~ons a~d covenanrs of sa.d pro~nissoiy note and th;s mortgage any or e~ther are not
ioiy, promptly and ful!y perform~-d, d.schargc~d, execured, effecttd, cdnp!eted, comp;led wrth and ab~d~d 5y, then in enher or any such event the sa:d ag•
aregate svm mem~oned in sald pro~nlssory note then remain~ng unpaid, with mrere;t acuued, and a~l mo»ays sewred hereby, shatl become due and pay-
~~,t for~hwl~h, or thereafte~, at the ep!~on of sa~d M0,2TGAGEE, as ful(y a~~ completely as if a!1 of ~hr sa~d s~ms of money were o~~g~na~ty st,p~;atrd
ro be pa:d on svch day, anyrh~ng in sa.d prom~ssory note or in this Mortgage to the cororary no+~v~~hs~a~~d~.~y, and thereupon er thereai~z~ at ihe op~~on o~
sa,d MQRTGAGEE, w~ihout not~:e o~ demand, suit at law or in equ~:y, ih:refore or thereafter beg~n, may be prosecuted as if all moneys secured hereby
n,d mawred pr~or to ds institution.
7. That In the event that at the beginn~ng of or at any time pending any su~t upon this Mor~gage, or to forectose it, or to refonn it, or to er.force
payment of any ciaims hzreunder, said 1:10R1GAGEE sF~all apply to the Cowt havu:g ~ur~sd.c~~on thr~eof for the 2p~:O~ntment of a Rece~ver, such Cuvrt snaii
fe:fhwith appomt a receiver of s~id mortgaged property all and s~ngular, inc;ud,ng a;l and s~ng~~ar fi:e income, prof~ts, issues ar,d reven~es from w!~etever
se~,;rce derived, each and every oi wh:ch, ~t be~ng expressiy undersrood, is hereby morrgagrd as ]f speGfi:alty se~ forth and described in fhe 9raming and
t,~bendvm clavses hereof, and s~ch Receiver shal~ have all the broad and effecnva funct,ens and powe~s in anywise emruared by a Court to a Recriver, and
s_tF appo~ntment shalt be rt~ade by svch Court as an admitted equity and a matter of absolutr r~ght to said MORTGAGEE, a~a~ wirhout reference ~o the
e i_,~,racy or inaalequacy of rhe value of the proper~y mo~tgaged or to tne so.vency cr ~n50 trnCy of sa~d ;~IORiGAGOR or the defendants, and that such
_••rs, profits, inco~~, issues and revenues shall be appl~ed by such Rece~ver accord:ng to ~he I~en or equity of said MORiGAGEE and the practice of such
Court.
8. To du!y, prompt:y and iutty perform, discha~ge, execute, effecr, complete, ccmply wnh and abide by each and every the st~pu~ations, agreements,
con~itions and covenanrs ~n sa~d promissory note and this mortgage ser torth.
4. That in the event the ownersh~p of the mortgaged prem~ses, o~ a~,y part thereof, Eecomes vested in a person other than the MORTGAGOR, the
'.'.ORTi,AGEE, ~ts s~ccessers ard ass~gns, may, wi~hout ~otice to the N~ORTGtiOR, dea7 w+th such ;uccessor w successo. In ;r,terest with reference to this
~^o•tgage and ihe d°ot hereby setvred in the same manner as with l.lortgago+ wnhout in a~y way viuating or d~stharg~ng ihe 1dOrtgagors' Gdbility here-
~,,nder or upon the debt hereby se.ured. No sa!e of the prem~ses hereby mo~tgaged and no forbearance cn the part of rhe 1.10R7GAGEE or its succeuors
or ass~gns and no e,etens;o~ of rhe time for rhe payment of the debt he.eby secured given by the MORTGAGEE or ;ts successors or asugns, al~all operate
~o re~ease, o~scna:ge, n~uci~ty c~erge vr a::ec4 the c:i~ina! !iab:!:e~ o~ s:^.e t~!QR[c~AGOR herein, either m whole or in part.
10. h is spec~ficaliy agreed that time is of the essen~e of th~s confract and that no waiver of any obl~gahon hereunder or of the eb~igarion se-
c~red hereby sha!~ ar any time rhereairer be he!d to be a waiver of ~he terms hereof o. of the instrument secured herby.
1 l. 1- add i:c~ ro the forego:n~ month!y payments of princ pal ard interest required by the prcro sscry no!e secured hereby, mo:tga~or covenants
e d agr~cs to pay to m.o-tgagee v.~th each mcnth:y Fd~~,:G~lt an add:~~onai Sum es+'•~~at~d b1 mo~tgagee to be eqvai to 1 12 of tiie an~waf cost ot the follow-
~ j:
A-A'.1 reat ~;roperry taxrs te+ied or asseued aya;ost thc above dezrribcd r_a! estate.
6-Fr_.,~•u-:s on ive a~d Vti1~1(~510.'T 1l1SU~d''CP as nerc~n reGu:~ed to be carr~ed cn the irnproveme~ts s~tuate on thc above dezcr~6ed premises.
C-Pro:r;;un~s on s~ch moctgage gvaranty ir.surar ce as mortgagae sF.all frcr~~ r rne to t~~ne decm fit to carry on the loan secured 6ereby.
~l.ortgagee sh,~! f.om t~~n~ fo t~~~e nor~f~ mertgagor ~n w,~r~t,ng of ~he a~::ou~.r d:,e and payabte hereu~dar and such su~r shaii lhereupon be d~e and
, a,able o~ ~ha due oote of the next month:y payme:it and e~ch successive ~ o~~ti~ thereaf~: r u~:rii m:,rtgagee sha!! not:fy rnortgagor of a change in such
o„^±. Such s~ms sHa,~ oe app:~ed 'oy morrgag-:e ro.4ard tne payment of real property taxes, insurance m,ums, and mortgage q~aranty insurance
{~~rmivms.
IN ~'11TN[SS '.~HEREOF, the sa~d MORTGAGOR has hereu~to set his h3nd and seal the day and~'year ust atorRsaid, j
f
S~gned, Sealed and d~red %i the presenc1 of: `
- ~ ~ . ~~-y-~~ ( •t ' ~ ~ l ~ (Seafj
~ - ` ~ • IIi '.z' ~C~ 8S
i5eaij
_ ~ ~ ~ - {Seal)
- t L Col@S (seaq
i S'ATE Of FLORIDA ' ~
` ~OU'yTY OP St• LUC1Q ~
r 1
~ Before me personally app~ared Pdll~ W• CO1QS a~d
' Janet l.• COIeS his wife, to me well known and known to me to be
~ the i~dividuats described in and wFw executed the foregoing instrument, and acknowiedged before me that they executed the s3me for the purposes
i
~ rF~erein expressed. And the said Janet I.• COleS
:~~fe of the :~~d _ Paul W. COZeS
, upon a, ~,Gpprate s71d private
e¦am;nat~on by me raken separate and apart from her said husband, acknowiedged to and before me that she exetuted said instrument f~eelr• anc! volun-
~ rar~ly and w;thout any compulsion, constraint, apprehens'oS~,Lor fear of or iro herntaid husband. ;~.~`l
WIiNESS my 6and a~d official seal this_. ~1 ~ day of C . A. •D~ 19 ~
,
:
- 1 d
or~ry Public in a~ for e State:of ida at targe -
! My Commission expires: c I .
' Retum To: ~ ~j:/ ~ • -
; F ~ . ~
~ First federol Savings 3 Loan Associat;on .
Of iort P e.e= •
Fort Pi~~ce. Fl~r,da 'ri~ . s in~
' FIlfO AND RECORDEO •
i S?.IUCIE COUMTY flA.
NOCER pOitRAS
This Instrument Prepared By J. H. RobErts~ JZ. CIERK C~RCUIT COURT
First Federal Savings 8~ loan Association RECORO YERIFIED
of Fort Pierce ~ Flor ida pF,~ j 5 ~2 3~ PN Z
Checked By
; R 243'790
aooK zos ~~E z~~
lq
~ . . . _ - - -
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