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9. To plu~ and contin~ously ktep on the bui!dinp~ now w Mraafttr utwte on said ~and and on all equipment and perion~lly covered by this monq~
~y~, with ~11 prtmium~ thereon pa~d in fvll, fire inivrance in ~Fw uiu~l sundard policy fo~m, in a sum approvtd Ey Ihs MORiGAGEE, a~d windstorm ;
tnswenc~ in t!w viwl sur?dard polity lam, i~ • ~um ~pprov~d by tM MORTGAGEE, in such compa~y w compa~~es ai ths MORiGAGfE m~y ~
dir~uj ~nd all fG~ and w~ndiarm inaura~cs polici~a on any of ii~d build~nps. ~~y inte~est therein or part ~hereot, in tM +pgre9~r~ ~wn afo~~u~d a
tn ~xc~ss ~Mreo% shall co~~ain uswl standud matyapes clavse w such other cl~us~ ~M Matypes may ~equ~re, mekirg ~F~ los~ unda ~a~d po1F
cie~. cach and evNy, payabl~ to said MORTGAGEE +s its in~e.est ma a and each and ~ver ~uch ~
Y PPN Y poricy ~hall be promptly ~ss 9n~d a~d delivered ro i
•~y held by said MORTGAGEE ~s (urther security to said mwtyaye deb~, a~d, ~+or leu than ten (10) dayt in advance of ihe expi~~tion oi each policy, ~o da j
Yver to seid MpRTGAGEE a renewal thereof, toge~ha with a receipt for thc p~tmium of tuch re~ew~l; and theie ahall bt no f~re or windi~am insurance i
plated on ~ny of said buildings, any inte~est therein w parl tMreof, unless in ~hs foim and with the lou payabie as ~iweseid; snd in ths event any sum
of rtwney becpnes p~yable u~der ~uch policy w poliuss said MORTGAGEE shall Mve the opt~on ro receive and apply the same on accounl o( the indrb~ed
neu secwed M~eby a ro permit said MORTGAGORS 1o reteive and ute it p any pstt 1he~eof fw other purposes, v.iihout th~r~o~ waivin~ or ~n~pa~r-
~~9 any eq~~ty, lien a right under w by virtus oi this mortgape; and in fhe event wid MORIGAGORS sAa11 fa s~y r~awn {ail to keep the said p~emisrs w
insured, a fail ro delive? prompfly any of uid policies of i~surance to iaid MORTGAGEE, w fail promptly to pay fulty any pre=oium tlx~eior or in a~y
respett fail lp perfam, discharge, execute, effed, complete, comply with a~d abide by this tove~ant, p any pert hareof, said MORTGAGfE may place and
pay fw such tnsura~ce or any pan thereof without waiving or ~fiectirg any option, lien, equity, w rigM unde~ a by virtue of ihii Matqage, and the
fu!I amount of each and every s~ch payment shall be immediately d~e ind psyable and ahall bcar interesl fram !hs date thereof until paid at the rate oi
~~ne pe~ centum per annum and fogethe~ with such inte~e:f sha~! be secured by !he lien of fhis morlgage.
1. To permit, commir or suffer no waste, impai~men? a deteriaation of said property or any pan thereof.
5. To pey all and singular 1be costs, charges and expenses, including a reasonable at~wney's fee and costs of abstracts of title, incur~ed o~ paid at !
any tlme by uid MORTGAGfE, because w in the event of the tailure on the pa?t of the said MORiGAGOR to duty, promptly and futiy pertorm, d~scAarge, i
rxec~te, effect, comptete, comply w~rh and ab:de by each and every the stipulations, sgreementi, conditions, and mvcnants of said promisswy note and this
mortgage ar?y or either, and said costs, charges and exp~nset, each and every, shall be immediately dve a~d payable; whethe? or not there be no+ice de ?
mand, sttempt to collect w svit pending; and the full amou~t of each and every such payment shall bea~ interest from ~he dste thereof until paid at the
rate of nine per centum per annum; and all said costs, charges and expeoses inturred w paid, together wuh such interest, shall be aetured by the lien of thi~
mortgsgs. ~
6. That (s) in the event of any breach of this Mortgage a default on the part of the MORTGAGOR, ar (b) in the event any of sa;d s~ms of money #
herein refensd to be ~ot promptly snd fully paid within thirty (30) days next after the same xveratly become due and payable, witFaut demand or norice,
or (c) in the event each and every the itiputations, agreements, conditio~s and covenants of sa:d promiswry note and th~s mortgage any w either are not t
iuly, promptty and (ully perfamed, d~scharged, executed, effected, completed, complied with and a6ided by, tlxn in either w any such event the said ag ~
gregate wm mentpned in said promissory note the~ remaining unpaid, with interest accrued, and alI moneys setured hereby, shall become dve and pay- ~
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully a~d comptetely as if all of the said sums of money were originally st~pulated
to be pald on such day, a~y~hing in sa~d promiuory ~ote or in this Mwtgage to tF~e contrary notwithsta~ding; and thereupon w thereafter st the op?ion of
said MORTGAGEE, without notice or demand, suit at law ot in equity, therefwe w thereafter begun, may be proxcuted as if all moneys secured Aereby
had matured pnw fo its institutan.
7. Thaf in the rvent that at the beginning of or at any time pending ~ny suit upon this Mortgage, w to fqeclose fl,.or to refwm it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdit~ion thereoi fw the appointment of a Receive~, such Coun shall
forthwith appoint a receiver of said mortgaged property al! and singulai, irxlud+ng all and singular the income, prolits, iuues a~d revenues from whatever
source derived, each and every of whicF~, it being expressfy understpod, is hereby mwtgaged at if specititally set fonh and desvibed in the granting and
habendum ctauses i+ereof, and such Receiver shall have all the boad and effective ~uncuona and powcrs in anywise entrusted by a Court to s Receiver, and
s~ch appointment shall be made by such Cou?t as an admitted eqvity and a matter of absolute ~ight• to 'said MOQTGAGEE, and wi~hout reference to the
adequaty w inadequaq of the value of the propert.y mortgaged or to the solverxy or_inso~vency of said MORTGAGQR or the defendants, and that such ~
rems, profits, incane, iuues and reve~ues shall be applied by such Receiver according fo the lien or equity of said MORTGAGEE and the practice of such
CouA.
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S. To duly, promptly and fully pe?form, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemeots,
conditions snd covenants in sa~d promissory note and this mortgaqe set fath. _
9. Thaf in the event the owrtership of the rta~tgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and auigns, may, without no~ice to the MORTGAOR, deal with such succeuw a sutcessor in iMerest with relerence to this
mortgage and the debt hereby secured in the same manner as with Mortgagpr w+thout in any way yit;ating q dixharging ihe Mortgagots' liability hero-
under or upw~ the debt hereby secured. No sale of the premises hereby mwtgaged and no forbearante on the part of ~he MORTGAGEE or its suctesson }
or a~signs and no eztension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its svccessors o? auigns, shall operate ~
ro release, d~scharge, modify change a affect the origlnal l;ab~l~ty of the N.ORTGAGOR herein, either in whole w in part. ~
i
10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obl~gation hereunder w of the obligatwn sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~teon to the faego:~ monthly payments of princ'pal and interest required by the prom~swry note secured hereby, morfgagor covenants
and agrees to pay to mo:tgagee with each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1 j~12 of the annual ~ost of the follow-
~ng:
A-All ?eal property taxrs tevied o~ assesseci against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red ta be carried on the improvements sitvate ort the above described p~emises.
~-Aremiums on such niortgage guaransy insurar.ce as mortgagee shal! from time to time deem fit lo carry on the ba~ secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such su:n shall thereupon be due and
Fayab~e on the due date of the nexe monthly payment and eath successive month thereafter ur.til mwtgagee shafl notity mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of reai property taxes, i~urance prem:ums, and mortgage guaranty in=urarue
premiums.
fN WITNESS WHEREOf, the said MORTGAGOR.has hereunto set his hand and seal the day and year first aforewid.
'gned, Sealed and ~n ti+e presence of: ~
, aq
CQ~ C^ ~ s4
• ~Seaq
K~aq
SiATE OF F10RIDA ~
couNTr aF St. Lucie ~
~
Befote me personatty appeared Mareel Paul Richard
and
Cidll E. Riehard his wife, ro me well known and knowe to me to be
the individuals dexribed in and who executed the foregan$ instrument, and ackrwwledyed before me that they executed the same for the purposes
rherein expresud: And the said Gail E. Richard ~
wife of the said Marcel Paul Richard upon a sepsrste and private
examination by me taken separate and apart from F~er said b~sband, atknowledged to and before me that she exetuted said irqtrument frcely and vol~n-
rarily and without any compulsio~, constraint, apprehension, or fear of w from her said husband.
Ma 73 ~
WITNESS my hand and official xal this 3rd dsy of A.. D. 19 ~
.
Notary Publ'K in end or the State of Fbrida at large
My Commiuion expi~es:
Return To:
First Feder~l Savings a loan Association _ - .
Of fort P~erce. ~,~!~ll~!~;~~~ ~
Fort Pierce, fforida _ _ . . , . , ti, S. Il~,~, '
S•• ~J~~
. _ ~ cl' ~ " • Ll_
This Instrument Prepared ByRichard K. Kayes F ~ED AN4 ACG~R~EO - •
First Federal Savings 8 Loan Association S~. ~uCtE ~ouNrr F~~?. , ~ J;<; -
of Fort Pierce Florida. ROGER ~O~tRAS ( ~ G:. ~ u J~
~ CIERK C~RGU?j COURT ,
aFCaRO ~E~:?~rEO ~ d Q~
Checked By ~~''i, J ~ -
~ ~t 4 3o Ptt'Z3 %.,,,,sT... .
~~~K213 ~ac~~~Z 253636
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