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3. io place and cont~nuously kerp on the b~~'d~ngs no•n or hereafter ~rtuate on sa~d ~and ard on aC eq~ipment and personally covrrzd by this mong-
ege, w~ih atl prem~umt ~hereon pa.d m full, f~~e insu~ance ~n the uwal uandard polity (orm, in s su~n approvad by tha MOR~"AGEE, and w~nduorm
~na~ronce in tha usual ~ran6ard ~:.cy lo~m, in a w~n aHprovrd by the A10RTGAGEE, in s~ch company o~ co:npan:ei as ihe ti:ORTtiAGfE may
d~recr, and all fhe and w~ndsto~m insuro~ce po~icies on any ot sa~d bu~~d~ngs, any in~e~asl thereifi or pan thereof, in the aggrega~e sum aloresa~d «
in excess Ihereof, sheU confain me us~al sta~~dard mong.~gre ua~se or such o~her clause as the Mo~tyayeu may requ~ro, ~~a\ir~g thr less undrr s.+~d po~i-
c~rs, each and every, payab.r to sa]d 1~~ORTGAGEE as ~~s interest may apprar, a~id each and every ~uch po:.c~ thail 62 promptty ass g~.rd a~~d de~iva~~d to
eny held by s~~d MORfGAGfE as f~r~her se.uri~y to sa~d morty~ge d..•bt, and, not tess ~han ten (10) days in ad.~nce o1 ~he e¦pirat~ai of each po!rcy, to de-
I~ver to sa~d MORTGAGEE a renewa! therrof, toge~her with a rece~pt for the prem~um oi such renewa!; a~~d there shal~ be no t~re or v.~r,diTO-m inwrance
placed on any of sa~d vu~`d~ngs, any interesf the~e~n or pa~t 1he~eof, unless in the io~m and with the loss pay~ote as aforesa~d; a~~d in the event any sum
of money becom~s payab~e ~ndrr wch policy w{wfc~es said A10RTGAGEE sha11 have the opr.on ro reczive ~~~d apNly th~ same on acco~~v oi the indabted-
ness sec~red hereby or to pern,~t sa:d PAORTGAGORS to receiva and use it or any part thr:eof }ar o:~.rr pur~ os~•s. ,::~t,,,;r ih_•~::r ~7 p-~~•
~ng any equ~ty, lien or right ~nder or by virtua of this mortgage; and in the eveM sa d MOBTGAGORS shali !or a:ry r vso~ lail to keep the said prem~s-_s so
~nsvrrd, or fail to drl~ver promptly any of sa~d pol~cies of insura~ce to sa~d MORTGAGEE, or foJ pro~nptiy to pay f~lly any pro~,u.:m the~~tor or in a~y
respetf lail to perform, d~schar9e, execute, effect, carnplete, comply wi~h and a6ide by thi~ covenant, or any pert harroi, s~~d MOkTGAGEE may p~ace a~~d
pay fo~ such insurance or any part thereo( wahout waiving or alfeciing any opt~oo, lien, equ~ty, or r~~ht under or by v~~tue of ~his Mortgage, and the
f~ll a~noum ot each and eve~y such F=r~•-^^! •ha!I be m~mediately dve and payable and shall brar interest from the da~e thereof untif pa~d at the rate ol
~~.~~e per cent~m per annum and to~~~th~v :~ith :uch intr~~sr shaii t,e sr:ured by the Gen o~ this mortgage.
To permit, co~nmit or suffer no waste, impa~rment or d~teriorar~on of said property o~ any part thereol.
5. To pay atl a~d singutar the costs, charges and expenses, Including a reasonable a~~wney's fee and costs of abstracts of tiile, incurr~d or paid at
any tir.;e by sa~d h10RiGAG:E, beca~se o~ in the event of the fa~iure on the part oi fhe said MORiGAGOR to d~ly, pronip~ly and f~lly prrio~m, d~sc~,arge
:.~~c~te, efiect, complere, comply w~th and ab;de by each and every ~he stip~~ahons, agreements, conditlona, and cavena~.ts of sa~d pio+n~ssory note and fh~s
,;orrgage any or eifher, and sa:d costs. charges and expenses, each and every, shail be immediately due and payaL:e; whether or not there be no+~ce d~
m,,nd, attempt to co~lect or suit pend.~~g; and ~he f~ll amovnt of each and every such paymenf shal~ bea. interest from the date thereof until paid at the
~rr oF n;r~ pe~ cent~m E.er o~~~~u:n; .:nd a11 :~~d cost,, char~es and expenses iruurred or paid, together w~th wch inte~est, shall be srcured by the I~~n of th~s
mor tgagL:
6. That (a) in the event of any brrach of this Mortgaye or defa~i~ on tM parf of the MORTGAGOR, or ;b) in the event any of sa:d sums of mo~ey
h~~rein referred to be r.ot promptiy and fully pa~d wl~hin th:+ty l30) days nea~ ai±•.r the same severa:ty become d~e and payable, witi~u~,t dernand or no~rce,
cr i,) in the event eath and every the stipu:at~ons, agreements, co~d~s~ons and tovenants of sa,d prcaiissory note and th.s me~tgag? any or either are not
iv1y, promptly and fully performed, dschargad, exewred, ei4rcred, canpieted, compi~ed v.~ih and ab•dad 5y, then ~n e~~he~ or any such event the sa;d a9~
3r•_gate sum mennoned in sa~d ~rom~ssory ncte then remain:~~g unpa~d, vv~th intere,t acuurd, and a~l ~~nrys securad hereby, sha~l betome d~e and pay-
ao.e fo~thw~th, or ii~erea(rer, at the opno~ of so~d hlORiGAGEE, as fvily and complerely as i1 all of tt,e sa~d su~ns of money were ongl~aily snp~;ated
to be pa:d on such dcy, anything in sa d p~o~n:ssory ~ore or in this Mortgage to the contrary neiw~thstand~ng; and thereupon or thereafter at the opKon of
s> d MORTGAGEf, v`nhcut non:e or d~~mand, su~t at (aw or in equny, the~efore w therratfer beg~n, may be prosecuted as ii all moneys aecured hareby
n:d matured pnor ro~ts ms~'aunon.
7. That in the event that at the beginn~ng of or at any time pending any su~t upon this Mongage, or to forec!ose it, or to reform it, or to enforce
ment of a~y c~aims F.ereurder. sa~d 1d'JRTGAG~E sha`.I .•pply to the Co~~t having ;~~nsd:ct,or, thc~reof for the appo~ntment of a Receiver, wch Court shail
rc +hw~~h appoint a rece~ver of sald rt:ortgaged proaerfy a!i and sing~:ar, in,tud ng a~t and al„yv~ar ti:e incon,r, prof,ts, issues ar.d revenues from wheteve~
_,.rce derived. each and every o.` wh:ch, it being express'y ~nderstood, is hereby mortgay~~d as if speuf~caity set io~th and descr~bed in the g~a~iting aod
i„t,~~ndum ctauses hereof, and suth Reteiver shail ha+e a!1 the br~ad and etfecnve funcnons and powe~s in anyn~se enT:usted by a Court to a Recriver, ar,d
s, ch appointment sha~l bc made by suth Co.:rt as an ad~nitted eq~ity and a matter of absolute right to said MJRTGAGEE, and wi;hout ~eference to 1he
n.leq~acy or inadequaty oi the va!ue of the property mortgaged or to the so:vency or ~nso:venty of sa~d MORiGAGOR or the defandants, o~~d that svch
;<,~+s, proiits, income, issues and rever.ues shail 6e appued by such Rece~ver accord~ng to the lien or equ~ty of saad MORTGAGEE ar.d the prachce of wch
Caurt.
8. To duly, prornptly and fu~~y perform, d~scha.gs, exewte, effect, co~cplete, co~nply w~th and abide by each and every the st~pu:ations, agree:nents,
c:;nditions and covenann in sa~d prom~ssory note and this mortgage set forth.
9. That in the event the ownership of the rruxtgaged premues, or any part tnereef, becomes vested in a person other th~n the MORTGAGOR, the
:'~QTGAGEE, its successors and assigns, may, without not~ce to the 1!ORiGAOR, deai v,~th svch successo~ or s~ccessor ~n inte~est wAh ~eference to Yt~is
o•tgage and the drb~ hereby secvred in ti~e same manner as w~fh Morrgagor wnhout in any way vit,ating or d~scha~g~~,g the !'.'.^~igagurs' !iab~Ilty here-
de. or upon the debr hereE:y secu~ed. No sa'e of the Frra~is?s herebv ~^.ortyaged and no fo~beara~ce on the par~ of the IhORTGAGEE or its wccessors
or ass~gns and no extens:on of the time fot tF.e payment of thz ~ebt heracby secured given by the MORTGAGEE or its successors or ass~gns, a~~all oNerate
?o re~ease, d~scharge, mod~fy change or affect the ori~,oal Gao,::ty of ~he MORiGAGOR here~n, either in whole or in part.
10. !t is spet~{f:a!iy agrred that ti~ne is of thz essence of th~s contract and that no waiver of any obl~gat~on hereunder or of the obligation s~
cured hereby shal~ at an~ tin,e thereafter be hc:d to be a wa~ver ot the terms hereof or of the ir~strumem secured herby.
11. In a:id ro~ to the forege'n9 +nonlh!y paym ~nts of prf~:c :;a? and inrorez~ requ~red by thz p~cro s>cry no•r s.cvred har_bl, mo:tgagor coven3nts
d agrces to pay to mor:gagee wi:h each n•on~h'y Ya~~.,ent an add:~ior.ai sv•n ~.a+ed b~ morty~gee to be eq~al ro 1 12 oi t'~c an~wal tost of the follow-
~
A-A!I reat properr~ taxes 'e~re~ or auess~•ci vg~i•is` Thc above desrih~ d ral estate.
B- Fr~rr.~u~:,s on f~r~ and ,n~ndsro •n insvra~ ce as ii•~re~n rc ,v.~ed to be :erncd en the :mproveme~ts rtw!r on the abovr d=sc~iced premises.
C-Pre~nivms on such ~~urtg,.ge gvaranty ~r.svra~.ce as mo•~yagee shall frc ^ r me to time ~eem fit to carry on the loan secu~ed hereby.
Mortgegee s'»'I from ri to !:~r ncr~f ~~ncr~y_,g=r ~n a,~,r.ng of the a•• o, ~t doe and payabfe hereurdar and such su~~ shai; thcreupon be due and
.able on th~ due dar.~ or rh> r~~xt !7:J~lTi:.~r payr~~_~n a•~ci each successfve n~o"~h e!.a~eaft,r ur.tii mcttg3gee shai~ not~fy i~~ortgagor ot a change in su:h
'>unt. Such su~~s sha.l ::e a;;i,:,_~ by mor,y3g~~e ~c.,.r.d tne F~a~rr.ent of rea~ property raxes, ms~rar.ce prern.ums, a•~d mortgage guaranty inwrance
,..r.::ium5.
; IN \VITNEyS ViNEREOF, the said MORTGAGOR has hereunto se! his ha::d and seai the day and y r firsl aforesaid.
~ S:gned, Sealed and de~ivered in the preser.ce of:
; al)
~ i ~'i Ti~(C~~~c,c Cha s Anso W ~~ai~
¢ ~ ~ - (Seal}
~ . - Vivian L. Walker ~s~ap
~ ~ `i~T~ - ~
~yc
# S ~~7E OF FIORI A
~ ~ SS.
€ _ ~J'JTY OF _ _ - 1
a
¢ Charles Anson Walker and
~ Before me personally appeared -
~ Vivian L.. Walker his wife, to me wzll known and known 1o me to be
~ 'h: indrvid~ats described in and who exec~ted the foregoing instrument, and acknowledged before me that they executed the aame for the purposes
r~ere~n expressed. And the sa~d____________ V1V11II I.• Walker _ _
Charles Anson Walker
:.~+e of the said - upon a separate and private
~ ~.am;nat~on by me raxen separate and apart from her said husband, acknowtedged to and fore me that she exewted said instrumem f~eely and volun-
; r:,y and wnhout any compu'sion, constra;nt, apprehyns~9p/or fear of or from her said s and. 73
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,f WITNESS my hand and official seal tkis_ ~ _ day of J _ A. D. 19_-
, o-QGZ-~
otary Pub ~c i~ an for the State of Florida at large
My Commisaion expires:
~ Rerurn To:
: N.~„~n~ D;,~ r~ Ci-•1'. i t. :f^c
"tiY first federal Savir~s b loan Assoc~at,on ~~f ~ k ` ; : ',r . _ , ,
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_ ~ : ~ ~ ~ ; ° ~ ~ FILEC AND RECORDEO
- This Insirument Prepared By D. F. HoleYgez ; O J•~~' ST. LUCIE COUNTr FIA.
Y First Federa~ Savings & Loan Association ~ i'., Q~. ~ ROCER POITR~S
of Fort Pierce~ Florida i ~,r~j~~'• ~`t~,.~~ CI E RK CIRCUIT COURT /
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