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a. To plate and contin~ously ketp on tie b~~.d~~:3s now ot herza~tCt ~itc.it! On sa~d !and and on a~i eq.:ipmenl and persona~ly tovered by ihis mprtg-
ege, w~rh aH pre»>wms thereort pa d~n full, l;re i,~swa::ce in ihe uwal sta~,9ard po:icy form, i~ a wm aHp:oved by tha MOR~u::vEE, and w~ndstoim
~nsurance in ~he usuai etandard poLCy fo~m, in a yum approvtd by thr h10RiGAGEE, in auch con~pany ot CO~~~pan es as the AtORTGAG:E may
direct; and all flre and w~nJs~orm insurance poLc~as on any of s.~id bvitd~n9~, any inte+esl therein or F,arf thereof, in the aggregare sum aforesa~d o~
in excesa ~hereof, shall coneain ihe uwai s~andard mo:t~~gre u3use or such o~her dause as the Mor~gayee may rcqu:re, making ~hr ioss u~d~~r sa~d poli-
:~zs, each and every, payab:e to sa~d M1~ORIGAGEE as ns imerost may appc:ar, ar.d each ~nd evcry svch po~ cy il~alt be prompety ass y~~rd a~~d dr:,vrr..d ~o
any held by s3%d titORIGAGEE as fu»her sacurity ro sa~d n~ortgage dabt, and, not iess than ten (10) da~s i:~ ad~,~nce of thr eapnat~on of each pol~cy, to de•
Gver to sa~d MORTGAGEE a renewol thereof, toge~hrr wiih a rete~pl for the prem~um of such renewal; and ther~ shail be ~w fue o~ w~ndsewm insurance
placed oo any of said buildings, any i~tereat thert~n o~ part thrreof, unlrsa in the (omt and w;th the Ioss payat,!e as aforesaid; and in ~he e~ent any sum
of money becomes payabte undrr such policy or pof,cies sa~d MCRTGAGEc shall have ~he opno~ ro reo=~ve and apN!y the sa ne on acco~nt of thc inde~eed-
ness sec~red hrrzby or }o perm~t sa~d 1AJRTGAGORS to recciYe and use it or any p~rt tha:eof tur o:nrr ~,,,r~os~•s. ,:;+i:.,,r ~hr.,;; .y~~..,~ cr ~••:p„~r•
ing any equ~>y, J;en or ~~ghr ur,der or by virrue of this mo:~g~ge; and in the even+ sad MOBTGAGORS shall for any reaso~ fail to kerp the sa~d prrm~sas so
inwred, or (ail lo defiver promptly any of said polrcies of inwrante to Sald h10RTGAGEE, er f~i! p:cmptly 1o pay fui:y any prrn~~m therafor o~ in a~~y
~espect (ail ?o pe~form, d~scherge, txecure, effece, co~np!ere, comply with and ab~de by this covc~~~nt, or any part hareof, sa~d Mt~RiGAGEE may place a~~o
pay for s.:ch insurence o~ any part the~eof wirhout waiving o; afiectinq any op~ion, lien, equ~ty, or n3hr v~~der or by v:rf~e oi th~s h1~r!gage, and the
full amovnt of each and e.ery such payment shalt be immedia!ely d~e and payabte and shatl bear inr~rrst from rh3 da~e ~hereof until paid at the ra~e oi
n~ne per centu~n per m~num end to~~ther wiih wch inte:c•sr shaii be sewred by the lien of th~s mortgage.
4. To permit, commit or suffer no waare, impairment or dcter~oretion of said property or any part thereof.
S. ?o pay a!! sn~ s6^gu!ar the cests, cha.ges a~d e:penses, indud~ng a reasonable attomey's fee and costs of abwap~ of tiNe, incurred or pa~d at
any fime by sa~d MORT~AG~E, Decause or in the event of ~he fa~iure on rhe pa~r of the said MOR7GAGOR ro d~1y, promp~fy and funy periorm, dncnarge
execute, effect, complefe, co~np!y w~th and ab:de by each and eve~y the st~pula~~ons, agree~nents, cond~tio~s, a~d covenants o( said p~ornissory note and ih~s
mortgage any o~ eiihrr, and sa~d costs, chaiges and eapenses, each and every, shall be immediately due and payable; wherher or not rhare be nor,ie d~
mand, attempt to coilect or su;t pend~ng; and 1he full amount of each and every svth paymem shail bea~ ~merest from the date the~eof until pa~d at the
~.:re o~ n~ne per u:n:;;m Her ann..:e,; anC ali sa~d costs, charges a~~d expa~tisrs irxurred or paid, together .v.th such lnterest, shall be secured by the I~rn of th~a
mortgage.
6. ihat (a) in the event of any b~each of this hlortgage or defaul~ on the part of the VtORTG>GOR, or (b) in the event any of sa:d sums of money
herein referred to be not proir.ptiy and fully pa~d wirhin th.ny (30) days nex~ atre. the same seve~a:ly become due and payabte, wiiho~~ demand o~ notice,
or (c) in tha event each and every ihe stipu:anons, agreemenK, cond~t~ons and co.enants o1 sa.d pro~nissory r,o:e and th~s mortgage uny or e~ther are not
~u;y, prompNy and f~t:y perfo:med, dscha+grd, executed, effected, completed, compi:ed wirh and ab~ded Sy, theo ~n enher or any such event the sa~d ag~
gregate s~m mentioned in said pr~:nessory ncte then remaining unpaid, witn intere;t accrued, and a;i moneys secured hereby, shatl become d~e and pay
ebre forrhwith, or thereafter, at fhe opt~on of sa;d MOR7GAGFE, as fully and comp!ere~y as il ali of ~he sa~d sums of money vvere or~ginaUy st,p~~ated
to be pa:d on such day, anything in sa:d pro~nissory note or in this Mortgage to the co~~~rary not.vithstand~:~g; and thereupon or thereafter at the option of
s~ld MORTGAGEE, w~thout nohce or demand, suit at iaw or in equity, thereFore or thereafrer begvn, may be prosecWed as if aU moneys secured hereby
n,d matured pr~or fo ~ts instit~tion.
7. That i~ the event that at the beginn:ng of or at any time pending any s~~t upon this Mortgage, or to forectose it, or to refo~m it, o~ to enforce
paymeN of any cla~ms hereunder, said MORTGAGEE shai( appfy to the Co~~t ha~ing ;ur~sd~c~:on thereof for the appo+ntmenf of a Rete~ver, svch Courf shail
ferthwith appo~nt a receiver of said mortgaged property all and s~ngula~, incl~d,ng ail and si~egu~ar tne in~ome, p~olns, issues a~d revenues from whatever
s,^~rce derived, each and every of wh~ch, it be~ng eapress!y unders~ood, is her:by morrgaged as if spec~(icalfy set forth and deunbed in the graniing and
habead~m cfauses hereof, and such Receiver shali have a!1 the b~oad and efiecr~ve funct,ons a~d powers in anyw]se entrusred by a Cou.1 to a Receiver, and
ch appoir.tment shatl br made by such Court as an admitted equ~ty and a matter of absoluee right to said h10RTGAGEE, and without re(erence to the
adeqvacy or inadeq~acy of the va:ue of ~he property mortgaqed or to fhe so.vency or mso:vency o( saad MORiGAGOR o. the defzndan;s, and that such
~•-~~s. prof~ts, income, iuues and revenues shaN be appiied by such Recewe~ accord~~~g to ~h~e lien or eq~ity of sa~d MORTGAGEE and ihe practice of such
Court.
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B. To d~!y, promptly and fuUy perform, d~scharge, execute, effect, comp;ete, compiy w~th and abide by each and every the sNpulations, agreemeNS.
:onditions and covenants in sad promissory note artd this mortgage set forth.
9. That in the event the owr.ersh~p of the mongaged premises, or any part therzof, beco~nes vested in a pe:wn other than the MORTGAGOR, the
h.OR7GAGEE, irs successors and ass~gns, may, withovt nonce to the ti".ORTGAQR, ~eal „vi~h wch successor or successor in interest with reference to ihis
^ xrgage and ~he debt he~eby secu~ed in the same manner as wich Morrgagor wahout in any way vir;ating or d~scharg~ng the Mortgagori liabiiity herr
~nder or upon the debt hcreby secured. No sa;e of the prenvs>s hereby mo~tgaged a~d no fo:bearance on the pan of the IdORiGAGEE or its successors
or assigns and no extension of the nme for the payment of the debt hereby secured given by the MORTGAGEE or its suctessors or ass;gns, ahall operat~
ro re!ease, d~scharge, mod~fy charge or affect the origmal liabs;~ty of the A'IORTGAGpR herein, either in whole or in part,
10. It is spec~i~caliy agreed that t~me is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligaYan se-
c.,red hereby shah at an~ time rhereafter be hctd to be a~va~ver of the terms hereof or of the insnume~t sewred herby_
11. fn add re~ to the forego ng r.wn~hty paymenls of prir.c pa! and interes+ ~eqv~red by the prom ssery no!e s_tured hereb~, mortgagor covenants
j•~d agrees to pay to mo:tgagee w~rh each morthly payr,;ent an add~rional sum ess;n ared by morrgagee to be eq~a~ to l, 12 of the annual cost of the follow-
A-Aft real property taxrs ie•ned or assessed aga~nst the above desvib:d r_at esrate.
B-Pr_:r,~orns on fire ar.d wir.ds!o!rn inswacce as her~in reGu;red to be <ar.~ed en the improveme~ts s~ivate on fha above d~scribed premises.
' C-Premwms on suth mortgage guaranty ir.surar:~e as mongagee s};ail 'rc ~ t-ne to e6nc deem fit to tarry On the toan Secured hereby.
I~Ao~tgagee sha!I from t~me to si~ e no!ify mortgagor in writ~ng of the an~ou~t due and payable hereundrr and such sum shail there~pon be due and
e,;abte on thr d~e date of tne nexr n;onth:y payment and each successive :rcnth fhereafi~r ~r.ti" mortgagee shall notify mortgagor of a change in such
- o~nt. Such wms s~a.l be app;icd by mortgagee tov:ard the paymeM of real property taxes, insura~ce prem;ums, and mort guaramy insurance
:~•e~riums.
IN 1VITNESS LVHEREOF, the sa~d MORTGAi~OR has hereunto set h~s hand tnd seal the day d irst afore
, Sig Sealed aryd da~livec~n the~presence of: /
~ ~/f y i Seal)
i t ne s s _ s E. Ree t ~~e~~
~ ! (Sea1)
i tness• `<-Q -c. '--l~/ - vr a-L.-~ Sazah J, eetz ~~a~~
~E~t~~ h..~ r
~ S~:.TE OF FL~RfDA ~
~ ~UUNTY OF St . ~.L1Cle ~
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Before me personally appeared Ja~es E. Reeta and
~ _Sarah ,1. Reeta his wife, to me well known and known to me to be
' ih2 individuals described in and who executed the foregoing instrument, and acknow{edged before me that they executed the same for the purposes
~ therein expressed. And the said Sarah ,J . Ree t z
E ++iie of the said Ja@es E. Reetz upon a separate a»d private
; e.am~nat~cn by me taken separate and apart from her said husband, acknowledg~i to and before me that she eaetuted said '+nstrument freely and volun-
ra•i!y and w~thout any compu;sion, constra~nt, apprehens~+, or fear of or f:om her said husband_ f
f WITNESS my hand and offiual seal th~s day of ~C@lII er q, ly~,19~ 72
I ~ ~ i~ -
t.~- ~ ~ i .
Notary Pubtic in and ior the State of forida.at Lsrge
~0~~~ ~10is6~71itxQ~ef~,'', :iCA A1 '
Retum To: ~~Y CilS151i5b1l,H EYPi+~ES Jf.N. + '
First Federat Savi~gs 3 loan Associat~on 2 •
BOf~DEO iHROUGH ff2ED W, p1E5ifi~' 19~
` Ot Fo.t Pe-ce. _ , -
i .
Fort P~~. ce. Fior~da . . . _
ftLfO AKO RECORpEO - ~ .
SL ~UCIE COUMTY f~A. •
~ 7his Instrument Prepared By Richard K. Ka,yes ROCE~ Pn~TRAS ~
` First Federal Savings 8~ loan Association CLERK C~r~CUlT COURt
3 of Fort Pierce, Florida RfCARO VEaiFIEO
Checked By ~ Z~ ~ S~ Nil ~72
;~4~941 ~ Q
~ E~~ax~~ ~c~ 4~
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