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3. To place and com~nuously keep on the bu~'dh~gs now or heroafrer tit~afr on sa~d land and on all rquipmeM a~,d prrso~ally covered hy this mo~rg-
sgs, wi?h al) premiums ~hr~eon pa:d m(ull, fire insurouce ~n ~he ~s~al sra~vJa~d po'~ty torm, in a sum appwved b~ Ihe MORttiAGE., a~ d w~nds~o~~n
insurance in the uwal itanda~d pol;cy fo«n, in a svm approved by ~he MORTGAGEE, in such tompany or com~,an~es at the ~.tORTGAGEE may _
direcl; •nd all fire and w~ndstorm inswante polici~s on any of sa~d buitd~npi, any inleres~ thercin or part Ihereof, i~ the agaregate sum ~toresa~d or
in excess therco(, shall contoin the ~sual standard mortyagre ctause o~ auch o~her clause as the Mo~tgsyaa may rrqu~ro, moking Iha io» ~nJrr s.+~d poli-
ues, esch snd evary, payable ~o sa~d h1ORTGAGEE as ~ts fnre:rst may appear, and each a.~d eve+y such poucy shall be prompuy ass gnrd ar:d de:~~rr.:d ~o
any held by said A10RiGAGEE as furiher security ro said mo~tgage debt, and, not leas than ~en (10) days in advance o( the exp~.a~~on of each po~1c~, ~o da '
i~ver to said MORTGAGEE a renewal the~eof, ~oge~her with a rece~pt (o~ the prerni~~m of such rCnewal; and M~ere shall br no Gre or wi~~ds~o~m insu~ance ?
pl~ed on any ot said build;ngs, eny intere3t therein or part thereoF, un;ess in the fo~m a~d with the ~oss p~yable as a(oreaaid; and in the eve~t any tum }
of rrwney b~comes payable undcr suth policy a poi~L~~, ;a:d :!OR7GAGfE shall have ~he opt~on to rrceive and apNly the same on acca~nt of the ~~~dry~~d- ~
ness secured hereby w to permit said MORTGAGORS ro recei~e and use it a any pa~t rherrnl fo. o:i~er µwj•osrs, .•.;iix;..t ~h:r.:,~ .v.,~•~.~~ c~ p-~~r- ~
ing any equ~ty, lien o~ r+gAt under w by virt~e o1 Ihii moregage; a~d in the event ta~d MORTG~IGORS shall ;or any reason fail to keep ~he said 4rc~nises so
~~~su~ed, u fail to delive~ prompNy •ny of 3did POIK~t3 of insuran~e to sa~d MORtGAGff, or fad promptly to pay fu~ty a»y pre•n~um there4or or in a~y
~e~pect iail to pe~?wm, d~scharge, exrcwe, el(ect, comple~e, comply wiih and abide by th~s c~ve~an~, o~ any par~ hereof, sa~d MORTGAGEE may p~sc~ a~~e
pay fo~ such insurance or any part thereo( w~~hout waiving or affecting any option, lien, equi~y, o? ngh? uodzr flr by virtue ot rh~s A?o~tgage, and the
!uil amouM o~ each and every such payment shall be immediately due and payaLlc and shall bear imerest irom tha date thercof until po~d at the rafe ol ~
n;ne per cenrum pe~ annun, and eo3rther wirh s~ch ~me~esr shaii be arcu~ed by the lien of fh~s mortyaga.
1. To permit, commit or suf(er no waste, impairment w deter~otation of sa~d property o~ any part lhereof.
5. To pay all and sing~lar the costs, charges and expenses, ~nclud~ng a reasonable attwney's ~ee and cosrs of absrracts of tit~e, +r+cu~~ed or pa~d at
any time by said MORiGAGfE, because or i» the evcnr of ~he fa~lure oii ti~e ;;art of ~he said MORTGAGOR to duly, pro~~~pHy and fully perform, d~scharge
~xecute, effeU, complete, comply w~th and ab:de by each and every the stipula~~ons, sgree.~ee~~s, condif~ons, and covenanrs of sa~d pron~i;iory no~e and ~h~s
mor~gage any or either, and sa~d costs, chargcs and expenses, each and every, shat! be immcdiately due and payable; whe~her w not there be no+ice da
mand, attempt to co:IKt or suit prnd:ng; and the fuU amount of each and every s~ch payment shall bea~ int~res+ from the date thereof u~iil psid at the
~~~~e o~ nine pe~ centum Na;r annu:n; and all said tosts, cnargNS and expeoses incurred or paid, ~ogether ~n,~th svch ~nrerest, shatl be secwed by 1he lien of th~t
mwtgaqe.
6. That (a) irt the event of any bieach of this Mortgage or defaulr on the part of the MORiGAGOR, or ;b) in the event any of sa;d sums of money
herein referred to be not promptly and fuHy paid within thnty (30j days nea~ affer the sar,+e serera';y become doe a~~d payab~e, wirho~t demand or nor;ce,
or (t) in ihe event eath and evrry the stiFwlations, ag~eements, condifions and covenants of sa d pro~~„ss~: y nce_ ~~~J th s n~c~•tgage any or either are not
~uly, p;omptly a~d f~Uy perfo~med, dacharged, executed, effect~, tomp~eted, compi,ed with ard ac~v~•J ~r, thrn in e.etier or any su:h e.e:it ~ne sa~d ag
greyate sum mentioned in said promissory note ihrn remaining unpaid, with interr,t acu~ed, a~~d a:~ n:c~it,s szc•n~c! hc:~'~y, s:~a~~ tcco~~.e due ar,d pay
ab,e forthwith, or thereafte~, at ~he option of sacd MORTGAG:E, as fu!{y and complete:y as if a~i of s.~.d s., ••s e+ ~~y were or.y ~,a.~y s~ ~,ula~cd
to be pa~d on suth day, anything in sa:d prom~ssory note or in th~s Mwtgage to tne co~itrary ne~:::tt~sr.j-d. ,a: =~•ci rF..~.,,~ ~~n c~~ vt«~. .~rrr j! e!:e ctr.on of
sa:d MORTGAGEE, without notice or demand, suit at law or i~ equity, thrre+ore or thereatter 6e 3,n. ~.,,.r ~,r ~:~us_c~~ u:. dl~ ~r.,;::c,s s:rc~r~d hu~eny
n~d matured pnor to its mstitution.
7. That in Ihe event that at the beginning of or at any time pend~ng any su~t upo~ th~s G'c-r i:.~, c• s. i• r. i~ r,.:_..m ro er •`crce
~:ayment of any daims here~nder, said NlORTGAGEE sha11 o;~ply fo the Goun havl,eg ~w~sd c~.~~: ih; c..,:~ t•.: _:e o+ R_ s; ~..•rT 1
iorthwith appoint a reteiver o( said morfgagad proparty aii and sinyv:ar, ~nclvd:ng aii and s~~:g_•ar r•.~ I_ ? nr,_ ._a t:;:
s_u~ce derived, each and every of wh:ch, n be~ng expressty understoocl, is h.er<by mor!3:3gra as :i s;::-_ s.... -
t:36end~m cla~ses hereof, a~d wcn Receiver sha~~ have ail the 6road and rffecnve f~•,a.c;.s ~~.d ~o:.•:•>
s.ch appoinfine~~t shall be made by such Court as an admittad equity o~id a m.atter of aLso;ute r ght to s:, d'.. .-vt;, .._r r<'.`_ c_ r~ t~.r
edequaq or ioadrquacy ot !he value ei the property mo~lgaged or ro the so vent f o~ ~~,so ,ancy ot s~ d'. _ .__:n o~ d~ r s,~n
rcors, profits, income, is:ues and revenues sha? be appiied by such Receiver accord.ng or rq...ty o. ,_..i I.•..,~;;'v.::,~~
Cour1. `
8. To duty, prompt:y and futty perform, d~s,harge, exec~re, effect. campiete. co;nptr w~th ae,d ab;3e b; r.:.h .;i e~~ ~„_:r:~,.s, ~g•a,,.r,~n~s,
conditiona and covenants in sa~d prom~ssory note and th~s mortgage set fo:th.
9. That in the event the ownersh~p oi the mortgaged prem~ses, or any part thcrecf. 6ecome: vested in a p~~so:~ c'i.•~~ iha•: +h~ ;RTGAGQR, the
:•.~RTGAGEE, i~s successors and ass~gns, may, witi~out norice to rhe bSORTG~~R, dea~ .n•n1, s;,rn s~cc~.sso, e• s.~u• ~>>r r!~r_si .~~~t: refcrecce to th~s
n,urtgage ar.d fhe deut hereby secured in the same manner as with 1Ao~tgagor w~thout in any ~•:ay v;t.et;.~g o~ d.sci+;.-;a~~~g ti~r t~c.~~~.:3ors' Gab~i~t~ here-
e,nder or upwi the debt hereby secured_ No sa:e of the Fremises 6eceby mo.tyaged and no icri,eara~:ce en the pare o+ rh2 ±.~JR:i~i.GiE or its successors
cr assigns and no exrer.sion of the time for the payment of the debt hereby securFd g~ven by the MORTG~GEE c~ rts iuuessu:s u: ass:gns, ai~all operate
ro re~ease, d~scharge, modify thange or affect the original lian~{ity of the MORIGf1GOR herem, enher in v.hoie or in pa;7.
10. it is specifically aqreed that firne is of the essence of this contract and that no waiver of any ob' gat:on hereunder e~ of the obligaf:on se-
c.:red hereby shall at any lime nc~~eafter be bc:d fo be a wa~ver of the terms hereof or of the instrurr:ent secured hr~by.
11. in aJd:r,o~ to the iorego r,g month!y paym_•nfs of princ pa{ and ~nterest required by the prcm ~scri ro~e scc.:~rd hereb~, mortgayor eovenants
~^d agrees to pay to morrgaqee v~~fh each rt:cmhty payr :ent an add~rional s~m csr~n,ated by morrgagee to be eqval to 1 i2 oF t'.}e an:~.;el ~ost of the fo~torv-
:g:
A-AN real property taxes levied o~ assesscti agai•~sr thc above descd?ed re~al esrate.
B-Prem~u:ns o~ fire and wir.dstam insurance as i~e~e~n requ~red to be carr~~~d on the :mt.roveme~ts s+uate on the above dasc~~F;rd premises.
C-Premiums on svch ~~ortgage guaranty ir.sura~ ce as morfyagee shail fro:-: r:me to t~me deem fit tQ carry on the foan secured hereb~.
Mortga~ee shaii from time to temQ no!ify mcrtya7or in writing oi the amo::nt due and payab!e hereunder and such surn sh~il fhe~eupon bQ due and
r~;able on the due dat~ of the next monthiy payment and each successive month thereairer u~.fil mcrtgagee sha!f not~fy mortgagor of a change in such
a~.ouM. Such sums sFail be app~~ed by mor!gagee tov~ard She payment of real property taxes, insurance prem,ums, and mcrtgage guaranty insurance
n•emiums.
£
IN WITNESS 'NHEREOF, fhe said A10RTGAGOR has here~nto set his hard and seai the day and year fint aforesa~d.
' ned, Sealed and delivered in the presence of: ' n~ i
~ 1 r,' }i.~- ~ ~
~ ~ ~ I ~ F~-[- ~f7~sLl~~ ~ ` P!"L-/y
~ ~SCa~?
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~ ~~n B. +'3ngr~m cs~an
ti ~7-~-~ _ ~z~ ~ t~an
` - - Melda In~am ts~a~~
i
E SiA7E OF FLORIDA
~ c~UNTY OP ST. LUCI~ ~
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Before me personaUy appeared ~A711An Tng,1+ATR _ and
? 1~A7 [~A Tngr~ his wife, to me we~l known and known to me to be
the individuais described in and who executed the foregping instrument, and acknowtedged before me that they exetuted the same tor the purposes
tnerein exprezsed. And the said MA~ (~g ~~Z+$m
i ,.~ife of the said 1lmm~n B_ TTICTPAI'il _ uFon a separate a~d private
~ e=aminatio~ by me taken sepsrate and aparl ~iom her said husband, at~C~owledged to and before rrK that she executed said instrument freely and volun-
rarily and without any compulsion, constraint, apprehens~on, or fear of ot from her said husbartd.
WtTNESS `~~Hd~~~a~b~df~ciat sea! this iH~ day of December A. D. 19~~
~
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' ~ ~ Notary Publit in and the $tate of Florida at Large
~ t~ ~ ~ • ' , My Comm~ssion expi s:
• •
~~e~rm To: -
Fir~f. ~deiad ~~adngE ~i~ loan As~ociai~on
~ ; O~ ~ Fort P.erFeG ~ ~ . ~ , No1°ry ?rb1i4 Sbh OF F10r~do d (ee~
1 ~ FRrf. P~ ~~Her~da Mr tommiuion Expit~s Oct. 30, 1976
z r t• i~nd~d by Art~rican ~r~ 3 Co~volfr Cp
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_ _ r...t:ili`.tN\~``1
_ This Instrument Prepared By ~Obe2't A. Swishe r, Jr. fIIED AND RECOROEO
` First Federal Savings 8 toan Association ~
t ot Fort Pierce fT. ~UCIE 'v~:,MTY Fl~.
lorida RO~fF ~O~TReS tii
' CIERK Ci,~CUiT COURT ~'~I
s Checked By ~ R F~CQR~ V£k°FIE'1.~....~..-+
~ ~ ic PACE2826
' QE,c 1 ~ 10 40 ~'33
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