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To plac~ and contin~ou~ly keep on the bvild~n9s now a Mr~~ftK ~itwN on said land ~nd on all eqv~prron~ and p~na+atly covered by thii mortq-
p~, with ali prem~vmi thereon pa~d in (ul1, firs iniurance +n tM usual ~~sndard pot~cy fwm, jn ~ tum approv~d by tM MORTGAGEE, and w~rws~am
in~wanc~ in 1M uswl ii~~dard pol~ty fam, in a ~um approv~d by tM MORTGAGEE, in ~uch company a compaoi~s ~s tM MORTGAGEE n?~y
dir~ctt a+d ail fir~ and w~ndiwrm insu~a++c~ polKies on +ey of said build;npa, sny inarest the«in o~ pa,t ~F,s~~ol, i~ rh~ ~pprep~~e sum atu~said a
in ~~cccu Ihereof, sMll cont~in ~M vswl uanderd ma~pay~e tlaus~ w sucA o~hN clauH a ~M lNortyape~ may rp~~r~, makinp tM tou wxla sa~d ppli~
cias, ~acA ~nd ~very, psyabl~ to uid MORTGAGEE ai its interes~ may appsar, and eatA and ~vay s~ch po~icy ihatl be prompUy au~yned and de~irered ro
~ny held by aid JNOR~GAGEE as (urther ~ecurity to iaid matgage debt, and, no? I~u tF~a~ ten (10) days in ~dvanc~ of the txpir~tion ol each policy, to t!~-
IivN to uid MORTGAGEE a~enewal thereof. Wpe~Mr wi~h a~x~ipt ior 1M p?~mivm of ~ucA rer?ew+l; and ~hen iMll b~ no fir~ w winds~o~m insuranc~
placed on any of said buildinps. ~ny inleretl tAtrei~ or part tMreof. v~tess in tht fwm and with th~ lou payaW~ u ~faesaid: a~d in th~ event a~y sum
of mon~y txcomcs payable unde~ iuch poliq o~ pol~cies said MORTGAGEE shall h~ve ?he option to receive and ~pply ths same on atcoun~ of the indrbted-
rteu setured he~sby pr tp permit ssid MORTGAGORS to receive and uf! it p any pari thereof fa other purposes, wirhout rhereb/ waivL~g o. ~mpair-
i~p +ny pvity, IFe~ a?ight urwle~ a by vinw of this mwty~ge; and in tM evenl u~d MORTGAGORS shall fw sny reaton fail to keep the said {xemises so
inau~ed, w fall ro deliver promptly any of said policies of ins~rance to ~aid MORTGAGEE, a fail promptly to pay fully any premivm Iherefw w in a~y
respec~ fail to pe~fwm, discharge, execute, eftecf, complate, comply wieh end abid~ by this mvenant, a any part he~eof, iaid MpRiGAGEE may place and
pay for such ins~ranes w any part thereof without waivin9 or ~ffectin~ ~~y option, li~n, pu;ty, w right under a by virtw of ~hii Mongsye, and ~he
full amount of each and eve~y such payment sha11 be ;mrned;atoly dw and payable and shall bear interest from ths dats thereof untel paid s1 ths rate of
nine per cenlum psr annum and together with ivth interest ihall be secured by the lien of this mwtgsge.
4. To permit, commit or suffer no waste, impsirrrKnt or deterioration of u~d property o~ ~ny pa?t thereof.
5. To pay all and :in~ular the costs, charges and expenses, includirg a reasonable attorney i fee and wsts of abstrscts of tide, incurred o. paid at
any time by said MORTGAGEE, because w i~ the event of the failu~e on the part of the ssid MORTGAGOR to duly, promptly snd fully pertam, d~xharge,
execute effect, co~Splete, comply with and abide by each and every the stipulationa, agreements, conditions, and covenants of said promisso~y nole and ~his
matgage any w either. and sa~d costs, charges and expenset, each and every, thall be immediately dve and pay~bles whether a not there be notice d~
ma~d, attempt ro coflect pr svit pend'+ng; arxl the fv11 ampuM of eactf and evcry such paymeM shall bear intere:t from Ihe date thareof ~ntil p~id at the
rate of nine per centum pe~ annum; and a~l said costs, charges and expenses incurred w paid, together with suth interest, thall ba setured by 1he lien of this
rtwrtgags. f
6: That (s) in tAe event of a~y breach of this Mortgage or default on the part of the MORTGAGOR, a(b) in the event any of said wms of money ~
herein referred to be not promptly and fully paid withi~ thirty (30) days next aiter 1he same severatly become due and payable, wi~hout demand oa notice.
or in the event each and every the stipulatiau, agreements, conditio~s and covenanb of sa~d pr'amiuory note and th~s malgape a~?y a either are not
iuly, promptly and fully performed, d~uharged. lXKVf~, effected, comp{eted, complird w~rh and ~b~ded by, then in eithcr w any svch event the sa~d ag ;
gregate wm me~tioned in said promiuory note then ~emainir?g unpaid, with iMerat atuued, and all moneys setured hereby, shalt betome due and payr
able fathwirh, or thereafte~, at the option of said MORTGAGEE, as f~lly and completely as if all of the said sums of money wcre wginally st~pulated
to be paid on suth day, anythi~g in said promiuory note or in this Mortgage to the contrary notwithslanding; snd thereupon or thereafte~ at the op~ion of
said MORTGAGEE, withoul notice or demand, suit af law w in equity, therefwe ar thereafter begun, may be prosecuted u ii ell moneys secured hereby
had maturtd prio~ 1o ita institution.
7. Thst in the event that at the beginning of or at a~y time pending any suit upon this Mo?tga9e, or to fweclose it, w fo reform it, w to enfores
payrtKnt of sny claims hereunder, said MORTGAGEE shall appfy to the Court having jurisdlction the~eof iw the appoiotment of a Rece;ver, such Coun shall
Forthwi)h a ~nt a receivei of said mort +
PPo gsged prope?Iy all snd sirgular, inctud~ng a!I and singula~ the income, profits, iuues and revenues from whatever !
source derived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as if spec:fically xt. fw~h and desaibed in the granti~g and I
habendum ctauses hereof, and such Receiver shall have all fhe broad and effective funcnons snd powers in anywise entrusted by • Court to a Receiver, and
such appointment shall be made by such Cou?t as an admitted eq~ity and a matta of absolute right to said MORTGAGEE, and without reference to the ;
adequacy or insdeq~acy of the value of the property mortgaged or to the socvency w insolvency af seid MORTGAGOR d the detendaMS, and that such ~
renn, profits, incort~e, iuues and revenues shall be appfied by such Receiver aaording to the lien or equity of ssid MORTGAGEE and tfie practice of such
Court. -
8. To d~ly, promptly and fully perfwm, discharge, execute, effect, complete, compty with and abide by each snd every the stipulations, agreements,
conditions and covenants in sa~d promiuory note and this mortgage set forth. ~
9. ihat in the event the owru~ship of the mortgaged premises, w a~y part thereof, becomes vested in a person other than the MORTGAGOR, the ~
MORTGAGEE, its successors and ass~gns, may, without noTice to the MORTGAOR, deal with such iucceuw a successor in interest with reference to this ~
mortgage and the debf hereby secured in the same manner as w'nb Mortgago. without in any way viliating or dischargirg the Mortgsgors' liability F?ere-
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part of the MpQTGAGEE w its successors
or auigns and no extension of the time fw the paymont of the debt hereby secured given by the MORTGAGFf or its suc4essors a auigns, a7wt) pp~rate
fo release, discharge, modify change or affett the originat liabil~ty of the MORTGAGOR herein, either in whole or in part.
10. h is spec~fically agreed that time is of the essence of this contract and thai no waiver of any obligation hereunder or of fhe obligaYan st
cured hereby shall at any lime thereafte~ be held to be a wafver of the terms hereoi or of the insrrument secvred herby.
11. fn add~tion to the forego'ng monthly payments of princ'pal artd interest requ~red by the promissory no~e secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each mo~thly payrnent an addirional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ing:
A-All real property taxes levied w assessed against the above described real estate.
8-Premiums on f'we and windstorm insurance as he~ein requ;red to be carried on the improvements situate on the above described premises.
C-Premiums o~ such mortgage guaranty insurante as mortgagee shall from time to time deem fit to carry on the loa~ setured hereby_ `
Mo~tgagee s!~all from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and {
Fayable on thz due date of the nezr monthly payment and each svccessive month thereafter ur.fi! mortgagee shal) notify mortgagor of a change in such ~
amount. $uch sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~xl mortgage guaranty insurance ~
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. / ~
Sigoed. Seafed and de ' ered ' the presence of: L~CL~-( , ~
~C (Seaq
sl)
2 Gt~ sq
M r L, Wells ~a~
STATE OF FLORIDA ~
St. Lucie ~
couNnr oF
Befwe me penonally appeared Williaa T. {ATe115 8~
IKS/Za L.. {A1~11S his wife, to me well koown and known to me to be
the individuals described in and who executed the fwegang instrument, and acknowledged before me that they executed tha same foi; ft~. ~wpaq
therein eapressed. And the said Myra L. W6115 y••~'-c::%~i
Williaa T. Wells • ~•.,'-~"~?~,T'~
wife of the said , s~~ i~,pn~
exam7nation by me taken separate and apart from her said husband, acknowt ed to and befwe me that s1~e executed safil ~nitT~uwwdnf freefy •Snf~" .-~~r~-~
rarily and without any compulsion, constraint, appre si n w fesr of or from her id husband.
~ 3~ t , ~ S : ~
WITNESS my hand and offic;al seal thi - day of A X 1 - ~_p_ ,~q~~,.
r J ,o _
- ° - .
N tary Public in s ( Ste~:~oJ FloFid at 6'~i
My Commiu'wn expir - , j,~ ' ~
Return To: ~ -•o,~~ ' ~
L ~ :
First Federal Savings b Loan Association 3 ~ ~ ~ ~i7 ' . ~ k ; ~ S ~ ~
Of Fo~t Pierce_ . ` ' +
- •r.lr,,,~,_,,. ~
Fort Pier~e, Florida ~
i~LL~ICIE COUNTYR/~~ ~i
This Instrument Prepared By J. H. Robezts ~ Jr. Rp~~a PaiTR~s y
First Federal Savings 8 loan Association ~~EIIK CI(.CUIT COU~T
of Fort Pierce , Florida RtGORO YERtff~O.....~.~+
Checked By~ ~ ~l ~t 3~j ~ ~~3 `
~o~K 2i3 FA~E 392 ~ ~
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