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3. To pl~c~ and conNnuous~y keep o~ ~hs bui!d~n9s now w hareaft~r u~~~t~ on said land and o~ ~11 eqvipment u~d personally covered by thif mw1¢
p~, with ~II premiums thetco~ paid in full, tire insurance in the vsual ua~d~rd policy (am, in ~ tum ~pproved by 1M MORiGAGEE, ~od windt~wm
~murant~ tn Iht usual i~sndard pol:ry form, in a~um approvcd by the MORTGAGfE. in ~uch canpany w comp~nies ai th~ MORIGAGEE m+y
dK~u; and all i'u~ and windsrorm insuranca polic~t on ~ny of said build~nps, any int~reil therei~ or part therwt, in tM ~p9rcpa~e wm ~faeuid o~
in ~xceu thereof, aMll contain the usual s~andard mat~syt~ ctauss a iuch o~he~ c1~uH a~ 1M Mortyag~s m~y ~cquue, makinp ~M lou urxler sa~d poli~
ciss, esch ~rtd every, payabl~ ~o iaid MORTGAGEE as ~~s intcre~l may ~ppsar, and each and every tuch policy shall b~ promptly ais.9ncd and deliverad ~o
~ny MW by said MORTGAGEE as turther security to aaid mwtgaQ~ debt, and, no1 leu tMn ten (101 days jn advsnce of the expi~ation oi each policy, to d~-
IivN ro Nid MORTGAGEE • r~new~l the.wf, to~~her with a receipl fw 1he premium of suth renewal; and ~he~e shall b~ no iirs or wind~iorm insurant~
plsc~d on ~ny of ~aid buildirg~, ~ny intereit therein w part ~hereof, un~eu i~ ~M fam and with iM lou payabl~ ~s afwessidt a~d in the ev~nl a~y sum
of mon~y become~ psyable unde? such polity o~ poticies taid MORTGAGEE shall Mw ?M opt~on Io receive snd apply tM sarrN on account of the Ind~bted~
ness ietured hereby or b qrmit said MORTGAGORS to ~eceive end us~ it or any pa~t thereo4 for other purF~oses, w~rhout ih~.eb/ waiving or ~mpair-
i~p any eq~iry, lien p right unde~ w by virtw ol thii mortpage; ~nd in the evt~t ~aid MQRTGAGORS iMll fw ~ny reason fail to keep 1he u~d p~sm~ses so
insured, a tail fo deliva promptly a~y of said polities of in~uranc~ to said MORTGAGEE, ot lail promptly lo pay fully any premium Ihe~efw a in any
r~specf tail ~o perfam, dixharge, ~xecute, etfect, complete, comply with and ~bide by this covensnt, w any pa?t he~eof, said MORTGAGEE m~y place and
paY iw such inwrance or ~ny pan thercof wirhout weivirq or affectinp a~y option. lieo, equity, a right unde~ or by virtw of ~hi• Mor~pa~s, and ths
full amount of each and ewry such payment sMll be immediately dus and payabls ~nd shall bear interesl from IM date Ihereof un1i1 paid ~t tht ~ate ol
n~n~ per ta~tum pe~ annum and together with ~uch i~teresf shall be secured by the lien of this rtwrtg~p~. "
1. To pe~mit, commit or suifer no waste, impairment w deterioration of iaid prope?ty p any parl thereof.
S. To pay all and singulsr tF?s tosts, charges and expe~ses, including a reasonable +trorney i fee and costs of absusds oi tit{e, incurred a paid at
eny time by said MORTGAGfE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly snd fully pa(wm, d~scharg4
e:ecute, effect, comple~e, comply w~th and ab:de by exh and every the stipulat~ons, agreemenn, conditions, ~nd covenants of wid promissory note ~nd ~his
mortya~e any a ei~her. and said costs, cMrges aru! expenses, each and every. sMll b~ immediately dw ar+d paysble: whethe~ w not there 1» notice d~
mand, attempt M cotlect or iuit pending; and tM full amount of each and tvery such paymeM shalt bear interos~ from the date thereof until paid at the
rate of nine per centum per annum; and aU said costs, charges and expenses inturred a paid, togethet w+th suth interest, shall be tecured by the litn of this
mort~aye.
b. Thal (a) in the event of any breach of this Mwtgage or defautt on tM part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
herein rtfared to be not promptly and fully paid within thiaty (30) days ~aat after ths same severally become due ~nd paysble, w±thout dsmand o~ ootice,
or in the event each and every ~he stipulations, agreements, co~ditions and covenants of sa~d promiswry note and th~s matga9e any or either are not
~uly, promptly and fully perfamed, d~xharged, executed, effeded, completed, compt~ed wiih and abided by, then in e7ther w any such ev~nt the said ap~
gregat~ wm mcntaned i~ said promissory nofe then remaining unpaid, with interest acuued, ~nd all moneys set~red hacby, shall becwns dw and p+y-
eble forthwith, or theroafter, at the option of said MORTGAGEE, as fvlly and completely as if alt of the said wms of money were aginally stipulated
~o be paid on suth day, anything In said p~omissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at tht option of
said MORTGAGEE, without ratKe or demand, suit at law or in equity, therefore or thereahe~ begun, may be prosecuted as if all rtw~eyt secured hereby
had matured prior to itt institWion.
7. That in the event that et the beginnirg of or at aRy time pe~ding any svit upan lhis Mortgage, or ro foreclose it, w to refwm it, or fo enforce
payment of any claims hereu~der, said MORTGAGEE shall apply to the Court having jurisd~aion thereof for the appointment of s Recciver, such Court sMll
forthwith ~ppoint a receiver of said mortgaged property all ~nd singvlar, inctudu~g a11 and singular ths income, profits, iuues and revenues from whatever
source derived, each and every of wh~ch, it being expreuly, undentood, i~ F.ereby morJgaged as if speutically set fwth a~d dewibed in the granting ar+d
habendum clauses hereof, and such Receiver shall have all the bwd arx! effattiv~ wcho~y ~nd ~ow~rs~in ~nywise entrusted by a Court to a Receiv~r, and
s~ch appointment shall be made by such Court as an admitted cquity and a matt~ ~f a~'solutp rjght to yjd MORLGAGEE, ~nd without refererue ro the
adequacy a inadequaq of the value of the property mortgaged or to the iolvency •or insollrei+cy of said MORTGA~OR a the defendann, and that such
ren~s, profin, intome, iuues anc! revenues ahall be app~ied by suth Reteiver accordiny to tlie lieri or squity of said MORiGAGEE and the practite of suth
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each end every the stipulatiau, agreements,
conditions and coveoams in sa~d promisswy note and this mortgage ut torth.
9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vesfed in a person other thsn the MORTGAGOR, the
MORTGAGEE, its succeuors and aasign:, may, wirhout notice to the A60RTGAOR, deal wifF? such succeuor o~ wccessor in interest with ?eference to this
mortgage and the debt hereby secured in fhe same manner as wifh Mortgago~ withovt in any way vitiating a disthargirg the Mwtgsgors' liability here-
under or upon the debt hereby secured. No sale of the prem~ses hereby mwtgaged and ra fabearance on 1he part of the MORTGAGEE a its successon
or assigns and no extension of the time for the payment of the debt hereby sccured given by the MORTGAGEE or its sucussors or assigns, sMll operate
to release, discharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, either in whok a in part.
10. Ii is spec~fically agrecd that time is of the essence of this contrad and that no waiver of any obtigafion hercunder w of ths obligation se-
cured heceby shall at any time thereafter be held to be s waiver of the terms hereof ot of the instrument aetured herby.
11. In addition to the Faego:ng monthly payments of princ'pal and intereat required by the promissory note secured hereby, mortgagor covenaMs
and agrees to pby to mortgagee with each monthly payment an addirional s~m est~mated by mortgsgee to be equal to 1/12 of the annual cost of the follow-
in~:
A-AU real property taxes le~ied or assessed against the above dexribed real estate.
B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above desuibed premises.
C-Premiums on such matgage guaranty insura.~ce as mortgagee shall from t~me to time deem fit to carry on the ban secured he?eby.
! Mortgsgee shall from time to time notify mortga9or in w?iring of the amovnt due sr.d payable herevnder and such sum shall thereupon be due and
' Fayable on the due date of the next monthty payment and each successive moMh thereafter ur.til morlgagee shall nofiiy mortgagw of a thange in such
! am,o~nt_ Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance ptem:ums, and mortgage guaranty insurance
` premiumt.
~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ , Seated and delive~e ' the presence of: L~
~ ~ Fq.EO A~tD R£CORDED ~ / a4
~ ` fT_i~Of~ LOU~tT fU1. ~ old S er
R4CfR POITI~A= ~ an
• RfCO~RD YE.r!~
1 D~~.,,~~ ith Sommer "
aq
STATE OP FIORIDA ~ ~
~ ~ q0 ~ 73 }
counrr oF St. Lucie . ~Z61.a33a3
Befwe me penonally ~ppeared Hs Zold Sonme~c a~
Judith Somaer his wife, to me well known snd krawn to me to be
the individuab described in and who executed the foregany instrvment, and atkrwwledged before me fhaf fhey e:ecuted the same fw the purposes t
therein expressed_ And t~ :e~ Judith Somner
- ~v~fe of the s~~d Hazold $Om~r , upon a sep~rete aqd privaM
e,aminat'an by me taken separate and apa?t from her s~a~' h ~d, atknow o and before me that she exetuted said instrument freely and 4yl~rrr
rarily and withouf any compulsion, tonslraint, apprehep~ o~ of rom her sa husband.
WITNE55 my hand and official seal this a of St j~•
~ Y - - - -
~ Notary Public in snd for he $taf~ of F1o(id+-~ ls~e _
My Commiuion expires: _ ' _
~ Retum To: ~ '
~ First federa) Savings a loa~ Associat~on i~ • '
Of Fort P~erce. i,' ,-.F'f q ,t: , " !14:a'f~r at u+i~tiE ~
~ Fort P~erce. Florida Ny~ JAN .1. 1~~
~ . t ' c _rs i~ ` ~
! - ::a
~ ~
~ Gar R. Ellwood ~q~, ~
This Instrument Prepared By Y ~
~ Fi~st Federal Savings 8~ Loan Association
of Fort Pierce , Florida !
~
- ~h~k~ BY ~ax ~17 PA~1~2~
:
~ sb ~
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