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3. To place and ca,e~nuousl~ keep on ~he bu~~d~ngs now a hereahe~ ~~twte on sa~d I~~d ~nd on all equipmem ~nd pe?wnaily cover~d by tAis mo+tp~
s9~. with aq p~emiv~ns Maton pa~d in fvlt, fue inwrance +n the usual ~?a~dard policy f«m, in a sum ~pproved by ~M MORtGAGEE, and winds~wm
insw~na in tlw vsual uu~dard pol~cy fpm, in • sum approved by ti~s MORTGAGEE, in wch tompany or cornpanies ~s ~M MORTGAGEE may
dinctt and all fKe and w~~or~ insu?ai+re pofK~es on ~ny o( s+id bwtd~nps, any interp! thsaein w pan ihe~sof, In th~ ~ggrcqate ~um afor~uid w
M~xc~u ~Mreof, sha0 con~ain ~he usual sundud morr9apet dws~ w wd~ a!w Nause a H+~ Ma~9age~ msy ~equ~re. maki~p tFa lou unde. ta~d' po14
ciei, each and every. payabt~ a a~id MORTGAGEE as its ~n~e.est may app~a~, ~nd each and ~very ~~ch po~icy sMtt be prompNy ass Qned and delivared ~o
+nr heW by s.d MORtGAGEE as funhe+ ucw+ry ~o sa~d mo.~yap. dcW, and, nw Isss than ~~n (10) days in adva~ca of ~M ~xpir~tio~ ol exh pol~cy, to da
livt~ ro~id MORiGAGEE ~ rsoewal the+eof, ~operiw~ wirh a receipt for Ihe pemiwn of tuch rtnewal; and thcr~ shatl be no f~r~ a windstorm inturanc~
p~~cad an aey of said b~itd~r~s, ~rry in~erest tAer~in a part thereof. v++less in ths fam and wi~h tl» loas paysble ~i afaassid~ and in ~M ev~nt any sum
of moMy becomes payabk w+der such policy a pol~cies said MORTGAGEE ~haU haw the option to ~eceive and apply ths same on ~ccoun~ of ~he indebted~
nass secwed hereby or w permit said MORTGAGORS to reteiw and use it a any pa~t thereol fo? other purposes, without thercu~ wa;vi~ig or unpair ;
~ny ~ny equwty, 1ie~ a right urde~ a by rinw of tl+es mar:9aye; and in ~M ev~+t s~~d MORTGAGORS ahall fw ~ny roason fail ro keep the u7d p~em~ies so j
i~swed. or fail fo deliver pomptly any pf sa;d pol,cies of ;~wra+~u p sa;d µpRTG/1GEE. o~ fail promptly ~o pay fvlly any premium 1FKrofw or i.n any {
respect fail b perfonr~, dixhar~, euesut~ tffett, complete, oomply witl~ and ab~de by this tovenant, or any part hereof, said MORTGAGEE may plKe +nd ~
P+r fa wch irow+nc~ o. a+y part ~trreof w~~hout waiving or s(iectirq any op~~on, lien, equity. a righ~ under o. by virrue of th~s Mw~9a~e, and ~he ~
full ~movnt o1 each and arery wcl~ payme+~t ahall be irnnedia~eiy du~ ~nd p~yabie ~nd s1,at1 bear inrerest from th~ da?s ~lxaeof un~il paid al the rat~ of
nine pe~ csn~um pe~ arvwm and together with wch inre.a~ sAafi be secwed by ~he iien o/ this mortpaps.
1. To pamit, oormdt or wEfer no wuM, impaKment a deteria~tion d said property p a~?y psrf thereof. ~
S. To pay all snd singular the cosn, cA~.yes and expense~ including a reawnabk sttaney's fee uxf costs of sbstracts of title, incurred or pa~d at t
any time by sad 1YIORTGAGfE, becwss a in the event of the i~~iwe on ~i~e part of tlw said JNORTGAGOR to duly, promp~ly and fu~1y pe~fwm, dixharge. ~
r,ecuta, effect, compkte, c«nplr v~nth and ab:de by each snd every the iripular~ons, agreemenn, conditions, and cove~ants of said promissory ~ote and thu 3
rnort9aps any a e~~her. ~nd sa;d ooiq, cAarges and ~apemes, cach and evay. sh~tl b~ 'urrnediately due a~d payabte: whether w not thers be not~ce ds `
mand, attempt to ootiect or tu;t per~d'+oq; and thr fvll anww~t of e+cA and every such piyment ahall bea? iNerest frar~ the dste ~hsreof until p~id at the ~
rafe of n;ne per centum per arr~um; and all said costs, chuges and expenses incwred a pa~d, togalher wah wch interest, shall be secured by Ihe lien of thu ~
"'ot~9ap~'
6. TMt (s) i~ the ewat of arry breach of Mus AAorfga~ a defwlt on the ps?t of the MORTGAGOR. w(b) in the event any of said svms of mon~y f
herein referrsd ~o be no1 promptly and fully psid within thirty (3p) days next after tha same sevcrally becarK due ~nd payable. without demand w nofice. i
or (c) in the eYent ead~ and every tfie stiputatlons, agreemeny, conditions ant! coven~nts of sa~d promiuory aote and 1h~s mortgspe any o~ ei~her sre no1 i
iuly, prwnpUy and fully pe.formed, dscharged, execured, effecred, compkted, compl;ed wuR and abided Sy, then in euher or any such evenf the said a~ '
gregate wm memiw~ed in said promiuwy rwte then remaini~g w~paid, w;th intcrest acuued, and all maxys xcured hereby, ihall become dw aed pa~ 4
abte fwthwith, p fI1lfNftK. at the opt:on of sad MORTGAGEE, as fully aod compktely as if aIl of the sa~d wms of money were a~girtally stipulatcd !
to be paid on such day, mnything in said prom:asory rwee w;n this Mortgage to ~he conrr~ry ~?otwithsranding; and thereupon a thereafter ~t tF~e option of
said MORTGAGEE, without not~ce a demsnd, suit a~ taw or in eq~ity, tAerefwe Of fI1KNEtN begun, may be prosecwed ~s if ell mw+eyf secwed hereby ~
nad ma~red pr,or ro ~n ~++u~~~~an.
7. Thst in the event tMt st the beginn~ng of or at sny time pa+d'ing a~ry wit upon this Mwtgage, or to faeclose it, w to reform it, or to e~fwce
payment of any cla~ms he+eunder, said MORi~',AGEE shall apply w the Cou*t having jurtsd~ction thereof fo~ the appo~n~ment of i Receive~, such Co~rt shall
forthwitFi ~ppoint a receiver of ~id mertgaged prpperty a11 and i~gutar, includ~ng all and singular the income, profits, issues and revenues from whatever
source derived. eath and every of wh~ch, it beinp expressiy vndentood, is hereby mortga~ed as if tptufically s~t forth and described in the 9ranting and :
habendurn dauses hereof, and such Receive~ shaU I~tve a1! the boad and effenive funct~wn and poweri in anywise eMrusted by a Court to a Reteiver, and
such appointme~t shaU be made by such Covn as an admitted equity ud a matter of absolute rigM to said MORTGAGEE, ~nd whhout reference to the j
edeq~acy a inadequacy oi the value of the property nwrtgaged a to the so~vency or insolvency of said MORTGAGOR w!he defendants, and that such s
rems, profin, inc«ne iawes and revenues shatl be appl;ed by urch Rece;vcr accord~ng to the lien a equity of said MORTGAGEE and the practice of such ~
Govrt. ~
8. To duly, promptty snd fuily perfann, d'ischarge. execute. eftect. compkte. complY with and abide by each and every the sfip~lations, ag?eemenq, ~
conditipns and corcn~nts ~n sa,d prem;ssory note and this mo~tgagc act fath.
9. That it~ the event rhe ownersh~p of rhe nw.rgaged prem;ses, w a~,y pa.~ tF,ereof, becomes vesred in a person orher than rhe MORTGAGOR, ths ~
IY,ORTGAGEE, its successors snd au:gns, easy, w;thout noiice to the MORTGAOR, dea{ wi~h sucF successor or succe:sor in interest wirh re(erence to this
mortgage ~nd the deb! he?eby secuted in ?he same marvKr u w~~h Mw~gagw w~?hout in a~y way vitia~ing w discharging the Mwtgagors' lisbility here- °
under w vpon tl+e debt hercby secu~ed No sa!e of the Fremises hereby mortga9ed and no forbearsnte on the part of the MORTGAGEE or its suctesson ~
or a:s:gns and no c:rens~on of the rime for fhe paYmcnt of the deht he.eby secwed given by the MORTGAGEE or its successws or auigns, shall operate
eo refease, d~xhuge. modify change or atfect the orgirwl liabil~ty of the MORTGAGOR htrein, eitF~er in whole or in psrt. '
10_ lt is spec~fKaily agreed that time is of the essence of thu contract and that no w~iver of any obligst~on hereunder or of the obligation st
c~red hereby s}+ali at any time rhueafter b~ hefd to be a waive~ of the terms hereaf w of the instrument setured he~by.
I 1. tn add:tio~ to the forego ng nanth!y paym.enr: of prirx pal and inre.est .equ~red by the prom+ssory note secured hereby, mortgagor covenants
and agrees to pay to mongagee v`ith each monthiy pa~r:ient an add~riorwl sum est~mated by mortgsgee to be equal to 1 j 12 of the an~ual tost of the follow-
:ng;
A-All real property taxes kvied or assessed aqai~st the above described real estate.
8-P~em:ums on fire and wir.dsrxm ;nwra~ce as i+erein requ~~ed to bc carried on the improveme~ts situate o~ the above described premisa.
C-Premiums .az suth mwtgage gwranty insurance :s mortga~ee shafl from t~me to time deem fit to carry on the loan secured hercby.
Mortgagee sha~i from teme to t~me notily mutyagor writ~ag of the amount due and payable hereunder and such surn shall Ihereupon be dve and
FayaWe or~~lw d+re date of rhe ne,ct month:y paymea,t and each succruire month thereafrer ur,til mwtgagee shall notify mortgagw of s change in such
aTounl• Srch su~s s4ai~ be appl~ed by morsgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranty insurance
premiuini :f •
IN WlT11FFS5 W~RFpF, the ssid MpRTGAGOR hs~ here,~to xt his hand and seal the day and year first afwesaid.
' " ~ - ~d - P.~~ of: AI?~RICACI Ht~MES . & 1~GAGE, INC .
.
~ ' . ~ ~y C4tfMtY
fU• a~
RrC E; j 4~~R~: ~ BY. 1 n rson, res
: ~ ~ - c, .cuis couaj
,
~ ; ' ' . ~ ~ ' YE'r~~~EO.~=-~ AT?ESTs Yerna L. derson, Secretary
; _ ,~3
! .~9,--`G3"'~ - :
i STATB . ` `~s~ C t~
; ~~l J~~ COt1NTY OF ST. LUCIE
; ` I~F~RE~'Y CERTIFIf, That on this ~ day of Attc~ust
` , A.D. 19
~ before me personally appeared Millia¦ A. I~idarspA Ve~r!!a L. Anderson
and
respectively Presiclent and Secretary ~
' GN HOl~S b MORI~CAGE IP1C. '°f i
~ , a RlOrida i
! Corporation, to me ;
known to be the persons described and ,n,ho executed the foregoing instrument, and severalty acknowiedged the ex~ ;
~ curion thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; ~and TFi~afi,~e'•
. ,
£ affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of saic~~ • ~'h ~
~o ,
WITNESS my hand and official seal at Fort Pierce 7~'~~ ~
~ This instrusent prepazed by , said county and state. ; _
s John M. Col lins ~ . - : V , ~ :
` - ~ ? ~ r ) ~
° Fi rst Federal Savin s and Loan ' ` ~
~ 9 Notary Publi ; in and for e and Cov?tit~ ~~aid. ^
~ _•i- i ^ ` - J .
AsSOCiatiott of Fbrt PierCe My Commission Expires- ••'~<<
NoM/Y /Y6it~ SION Of fbrid0 d •.t
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' ,,p ~~.d ~ a.,~~~, n.. a ca.~,.~~ cw
g Checked By 1T~
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~ ~o~K 2~? ~~789
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