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3. To place and cominuoosly keep on the bu~:d~n~s now or her-raiter aituate on sa~d land and on aC eq~:~:~~«s~t :,~J ptrsOnally co.~.rd by +?:~s mony-
egs, wi~h all prem~ums thereo~ p3d m fuii, Gie ins~rance in tha vs~al sra~:~ard pol~cy form, in a sum app~o:cd 'o~ ihe ~dOR~'v:.GE[. ard v.i~~ds~a:.^..
~nsurance in ths ui~al s~andard po:.cy torm, ~n a sum appro.ad by ihr l~10ATGAGEE, in such Co:npany ~r t=•n;:an:es as ~he f. t7RTvAG:E .~=ay
di~ect; and all (ire and w~nduorm insurance pol~c~es on any of ~a:d bv~~d~ngs, any int~r¢st therem or Fart tharcui, in Ihe agg«ga~e svm alurrsa~d
in excess thereof, shall :on~a,n ~he ~swl s~a~~dard mortgagc+r clause or such other ciause aa 1he Mor~qagee maY r~:s.,•re, making ihe :oss ~nde+ sa.d F
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c~es, each and e'.ery, papabte ro sa~d MORTGAGEE as ~ta u~terest may appear, and each and every su<h po~~cy a!~3tt be p~~mpily ass gnrd ~~d ~e:~L.:red w
any hetd by said A10RlGAGEE as fur~hr~ secu~ity ~o sa~d ~~:a~gage dabt, and, not less than ten U03 days in ad+a~::~ of ih~ exp~rarion oi each pol~cy, *o c-
Gve~ to said MORiGAGEE a renrwa: lhe:_~~: tega:her wieh a rece~pt for the premium of such renewa~; a~~d fnrre a:~ef~ ur no f.re or ~.~„dstc~~~~ ~~s=•~e~~:
placed on ~ny of sald b~i!d~ngs, any interest there~n w part thereof, un:eu in ~he (o~m and with the tois payab~e as aforesa~d; a~d in the event anp s~m
of monay becomes payable undzr wch policy w poLcies sa~d MORfGAGEE shall have the opr.on to recr~~e and app:y the sa~ne on accoum oF ti~_ in3:~ ~ao-
ness secured hereby or to permit said MORTGAGORS to receive and use it p any part ~h?reof tor o~~~~~r t,ur;~::s.~;, .,.~r.~..;s ihr~ c: ~7 : ~
ing any equ~ty, lien w r~9ht undrr w by virwe of th;s mortga~e; and in the evznt sa'd MORTGAGORS shall for any raation f;,~l to 4rrp the sa~d prer.::,-s w
insured, or fail to delive~ promptly any of said poLcies of insuranta to sa~d MORTGAGEE, or fai; p:omptly t0 ~'ay ar~y p~z•~~~~~n thcrrfor or in 3:~y
respect fail to perform, discharqe, exec~te, e'.lect, comp!eta, co~nply with and ab~de by ~h~s cove~an+, w any part ?._reot, said MGRTG~GEE may place a a
pay for such insurance or any part thereof without waiving or alfecting any opt~on, lien, rquny, o~ right v~~der or 6~ v~.t~e of this Atio.~gage, and thc
fuH amo~nt of each and eve~y such payment shalt br immediattly due and payable and shalf bear interest from ~ha d-sa t r_•rof vnc~l p~~d ar the ~a+e ot
n~ne per centum per annum and to~~ther with such inrer~st shaii :x src~red by the litn of ihis mortgagx.
To permit, COmmit Of s~ffer no waste, impairment w deterierat~on of sa:d property w any part thereof.
S. To pay all and singula? the costs, cha~ges and expansrs, ~nciudmg a reasonable attorney's fee and costs ot atis~~dzts o~ fitle, incuned or pa~d a~
any time by said MORTGAGfE, because or +n ~he evem of the fa~iure en the part of the said MORTGAGOR te duiy, ;~r~~r.priy e~~J f~ily perfonn, d~sci~a~qe
exewte, ef(eU, comptete, comp!y weh and ab.dr by e~cfi and every the st~p~lanons, agrerments, condit~ons, and coYena;•~ nf so~~: prO~n~;so~y note and ~ti;s
morryage any w e'rthe?, and sa:d costs, charges a:+d expenses, each and every, shall be immediatety due and paya6ic; ~:ne:h.. or not ihrre be noticc da
mand, attempt to collect or suit pend~ng; and the full amount of eath and every suth Faymem shal~ bea~ intrre:t ftom t~- dare ~hereof u~til pa~ at the
r.3~e o~ nine pe~ cent~m prr ann~rn; ~nd ali sa~d cos~s, cha;ges and e,.penses ~nc~rrrd or pa~d, ~ogeihar w~th such interr;?, chait be t«currd by the !~e~i u! iins ~
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mortgage. -
6. That (a) in the event of any breach of this hlortgage or defautt on tFr_ part of the MORTGAGOP„ or ;b) in the erent any of sa:d sums of rrc~ey
herein reierred to be not promptly ar:d (ully pa~d w~thin th,~~y 130) days nc.:t a`rar the san,e seve~a;:y beca~~e dw: a~:d peyebte, withou~ demand o~ nor,:e.
or (c) in the event each and every the stip~;onons, agreements, cond~tfons and covenanls of sa.d promissory note an~ *n:s mortgage any or eitner are not
~ufy, promptly and fully perfonned, d.scharged, e;rtuted, eifected. completrd, complled wi~h and ab~drd 5y, thert ir: e:~tier e~ any su:h evem the sa:d ag
g~egate wm mentioned in said prom~ssory no~e then remain~ng unpa~d, w~th inrrre;t aa~ued, and a~I moneys sec~.ad h~ereby, shatl become d~e and pay-
ae;e forthwith, or theraafter, at the opt~on cF s~;d A10R7GAGEE, as f~lly and completely as il all of ihe sa:d s~,:::3 c: money were or~g~na.ly srpu.ated
ro be pa.d oo such day, anything in sa.d p~a.n~ssory note or in this Mortgage to the tent:ary notwitnst3nd:ng; .+~~u ~herc~pon o+ thereatter at the oFuon of
s3~d MORTGAGEE, w~rhout not~ce or demar.J, su~t at iaw or ;n equ+ty, therefore or thersalter begun, may ~e ~rosccuted as if aIt moneys secured hereby
r.ad matured pnor to As ~nstit~t~on.
7, Thar in the event tha+ at the beginn~ng oi Or at any time pendi~ig any sv~t upon Ihis 1Llortgage, ar foreclose it, or to refarm it, :,r to enforce
payment of any ciaims ht~eunder, said MOkiGi1GEE shai~ ep;.!y to the Coust havi~•g ~~~~sd:cs~on th~veo~ fo- tF.e ap;,uira~•rent of a Rece~~er, such Court shaii
iorthwith appoint a receiver of sa~d rr.ortgaged proprny all and singvlar, includ:ng aii and s~ngu~ar ~i~Y ;nc~~:e, p:ef,rs, ~ssues and ~eve~urs from whatevrr
s=~rce derived, ea~h and every of wnkh, it be~ng express!y understuod, is hereby mortgaged as i1 sp..:~1~t~:~y set forth and descnbad in the granting ~r.d
h,bend~m dauses hereof, and wch Receiver sha:t have aIl the br~ad a~d effective funct cns and po.~ers in anyV.•~se entwsted by a Cowt to a Recrive~. er-:
s..;h appointment shall be made by such Cowt as an ad~nitted eq~ity and a matter of absolute ~~ght to said RiORSGAGEE, and wifheut referer.ce to Y~e
-_c!•~quacy or inadeq~acy of the value of the oroperty mortg~ged o~ ro the so.vency or ~nso~vency of said MORiGAGOR er !he dere~~dants, and that wc~
re~rs, profits, income, issues and reven~es shali be applied by such Rece:ver accord~ng to the lien or eGu~ty a4 sa~d MORIGAGEE and the practice oi such
Court.
8. To duty, promprty and fulfy pe~form, d~scharge, execute, effecr, corr~lete, compl~ with and abide by eath ar~9 every the slip~!at~ons, agree~nents,
ccnditions and covenan~s in sa~d prom~ssory aote ~;zd :h~s mortg3ge set forrh.
9. That in the event the ownership oi the morrgaged premises, or any part thcreof, becomes ves!ed in a penan u~he~ t~an !he 110R1GAGOR, ttie
'l.ORTGAGEE, its succeuws and ass~gns, may, wirhout notice to the A10RTGtiOR, tiea~ with such s~ctessor or svccrsso~ in :e!er!•s* wit3~ re;•:renc= te tnis
~-ortgage and the __=_.-ed i~ the same mannar as vclrh ~he:t~ago. w~fhout in any way v~tlating or d~scF~aru~~:g the !1lGrt(i3~Of5~ GdOtliTy tr_re-
under w upon thr debt hereby se.ured. No sa:e of the pre~n~ses hereby mortgaged ard no forbea~an~e on ihe part the !~M1ORTGAGfE or i!s wctessors
or ass~g~s and na extens~on of fhe t~me for :he payment oi the d=bc here5y secured g~vcn by the ~ti~ORTGAGEE or its wccrssors or asa~gns, ,6~ai1 operote
!o re!ease, dacharge, modlfy char.ge or affect the oreg~nal liab:;~ty oi ine M.OR:vAGCR here~n, eAher in whole or ir, uort.
10. It is spedfica~ly aoreed that tfine is of the esserce of this contract a~id that no waiver of eny oi:~gar~on nerecnoer or e! the obtigation se-
ccred hereby shali at any ti~~e thz:rafter be heid to be a waive~ ot the terms hereof or of the ins~wment se:u~ed 'ncrb~.
I1. In add.t~u~ to tne forego n~ .no~.th'y paym~ms of prioc ra: and i:~terest requ~rcd by the p~om s>cry r:etr sc.~rer! ncreo~; mp: tgaGOr cover.3nts
' e~.d egrees to pay to mo~tgagee v.~~h each tr,onrh y pa~~.~e~t ar. add.~:onal sum est ared by morrgagee to be eGvt~ eo : i2 .,f ~i~e ~n..ua! ces+ of the fo~low-
~r.~:
A-.a!I rea! property taxas ~~~v~ed o. _ss^ssc:i dCJ3~'~S~ ~~c ei~ove desc~:b-d r~al es!aTe.
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B-Prerr!vms on t~re ano wu,cis+c.n, ~nsv~a•ce az nere.n r~,~,red to be carn~~d en ehe (mpruv~me~ts s:'~;a`~ a~ !~e :.lwve ~escr:'u=d prrn:~scs. -
C-Premiur. s o~ such mortg:ge g~ar3nty ics.~a~ ce as rnc•tgagee sha~i fre^- t r..e to time dee~. i~t ro ca~:y c;a !xn s-cured 'nereb.r.
j A1~rtgagee sha!i jrom t~.~;e ro ~::~e no•~f~ rtta~t7agcr :n v:.:r,ng o` rhe an-ou~r d:,z ar:d N;ya~-;e izrz4=-~d=• a:z~ suc~ su~~ shai! ti:e:eupon uz wv~ end
' .~,able on tha due ~at= of the next e~onth:y p::yment a:,~ eech successrve month thereefr~r vr.tiF niortgagee shai: not!fy mortgagor of a change e- s.:ch
~ ~unt. ch su~cs sh3:l ~e app,'~ed by ~nort3ag~e io:•:ard the oa.ment of real property taxes, c:~sura~ue pr~m.ums. a.id mortgega guaranty insuc..+:;t
.•~•e~niums.
I~1 1'11TNE55 Y:NER~OF, the sa~d NORTG<.GGR has he+eu ~to set his ha:.d and seai th~ day and year first aforesaid.
~ igned, Seated and deY in e presence of: ~
~ ' i-Z~L~~ !
~j C (Seal)
~ _ Ba 1 Kinq ~~ai~
~ - - t~ ~ csea~~
_ L~ ennie King ts~ap
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~ S ~ ATE OF FLORIDA ~
SS.
C~UNTY Of St. Lucie ~
:
~ Before me personally appeared Edll Klllg _ _ and
= Jennie KinQ his wi~e, to me well known and knoNn to me to be
~ the individuais descnbed in and who executed the foregoing instrument, and ack~ovvledged be(ore me that !hey executed the same ioJ;~h? purposes
~ rherein expressed. And the said--___ Jennle King _
~ Earl Kin ' y`~~
. r~:'o of the sa~d - 9 _~ocr arafe and~prfy~te
s e,am:nat~on by me taken separate and apart 4rom her saed husband, atknowiedged to and before me that sne executed said u~trurt+ei~l f~esi~ a~ ~Olu~?-
~ r~ ii and w~thout an tom u'sion, conss~eirt, •
" y y p orr:~.`:--- a.r tear of or from her id husband. i~ ~ _
, 8
~ WITNESS my hand and offic~al seal th~s_ ~ _ day of January Nt q_p, ~q'7
j ? ~
_
otary Pub'ic in and or e St~Je~9f'Fjoiid~-~t.'yre;Qei
= My Cumm.ss:oo expires: ~ - ~ . •
" Retum To: l .
First Federal Savings 3 loan Associat~on '
' Of Fo:t P _ro~
Fo•t Plcrcr. Fic ~d-: -
~Efl iaG a~~w~aEa
~ fT. L~ICtE it1t~!!TY f~
Roc~q F~.r~~s ~
CIfKK t~KCt~t; CauRt ~ ~
r; This Instrument Prepared By D. F. Holerger RFCQR~ %~~rt?~Fa,~`
F~rst Federal 5avings ~ Loan Association
of Fort Pierce ~ Florida ~ f O 4 O' p~ y~~
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` Checked By
~ ~ ~ ~5389
~ E ~QK ~09 ~,~E 2571
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