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3. la place and con~in~uvsfy lrrp on ~i~e L~~'d,~.~s now or hrteafter s~~uete on sa~d Iand and on a~i ~•qu~p~~~rnt and per~onally coxr•,d b~ th~s rnor~g-
~ge, w~~h all pr~m~umf thz~eon Had ~n fu~l, f~re insu~a~ur ~n ~h~ uw~l ~~a~Kiard pot:cy form, in a sum <HN~oyed b~ the l.'iGR'~i,~'vCE, o;.d w~ndsrc~m
~~surante in'tha usval s+antia~d po+.cy for~n, in a surrt apF~iuved by the MQRTGAGEE, in such tompany or compen~es a~ the t.'.02(tiAGEE ~nay
direc?; and all firo and w~nJsform ~nwranca poi~i,es on any oi sa~d kwild~ngs, any interest ~he~ei~• or par~ Ilirr~0~,- in tf~e agy«y~re sun, afore»~d or
io exce~a thereof, st~al~ :ont„in the vival ste~~daid mongagrr uause w such o~her dause as the Mort9agee may ~e~u:~e, mok~ng the ~oss unJcr a~~J poli-
cies, tacA and every, payau:e ~o sa~d MJRiGAi,EE as ~ts m~rrest may appear, arxf each and every such po, s~:all Le promyi:y ass g~~cd a~ d del~.,,~c~d ~o
any he!d by sa~d MORi:,AGEE ae further ~_cw~ty to sa~d n.ortgeqn debt, and, not lesa Ihan ten (f0) d~ys i~ advance o( the eapirafion of each pe~icy, to de-
I~ve~ to sa~d MORTGAGEE a renewal thereof, ~o~e~her w;~h a rc:ce~pt for the prem~um of such ~ene+~a ; and ehere ~~~a:l he no f~re or w~~~dsionn ir,w~ence
p~aced on any of said b~ild~ngs, any intrres~ there~~ or par~ ~hereof, unless in the form and w~th ihe toss payable as a~aeaaid; a~~d ~n the r+ent a~y a~m
of money becomea payabte u~~der such poficy or poLcirs sa~J MORiGAGEE sF~all have the opr~on to ~ece~+e o,~d ap~,ly the se:ne on acco~nt oE the i~xJebted-
ness secuied hereby or ro per~n~t ta~d MORTGAGORS ~o recr~ve and ~?e i~ a any pan ~hrreof to~ o:n~r Hur:ss~s, ;..n~o..t ih_•~.,, .nu~+~.~~ .;r
ing any cqu+ty, lien or nght undrr or by virtve of this mo-~yage; and in the event sa:d +~10RfGs1GORS shatl :or any reaso~ Fail ro krep the sa~d prem;s_s so
insured, or fail to de!iver pro~npdy any ~f said poGeies ol inswance to sa~d MORTGAGEE, o~ fail promptfy to pay tulty any pre~n~„m thcr.,for or in a~y
respect fail to periorm, d~s:h~rye, eaecure, effect, canptetr, co;nply wi~h and abide by ?hn covenant, or any part hrreof, ss~d MvRlG~GEE rnay N~ace a~ a
pay fw tuch insur.~n~~ or any pa~t therrof
w~rhout waiving o~ atFecr+r.g any opt~on, lien, equ~~y, or ri~ht under or b~ virtue of this Morrg~ge, a~~d the
1~11 amount o} each and e~ary s~ch paymero shall ba immediately due and payab~e and ahall bear interest from the date thereof ur~nl pa~d at the rare ot
n,~k per cent~m per ar.nu~n ~nd to:~_fh~•r with soch inrer~•s~ shati be sa~~red by the lien of rhis mortgage.
4. To permit, commi~ or suffer no waste, impainnent ot dctrnorot~on of said property or any part the~eof.
5. To pay all and sinyular the coses, charges and e,c~ntes, tnclud;ng a reasonable attomey's fee and tcsh of ahstracts oi title, incvrred or pa~d a~
any tim.e by sa~d MORiGAt'iFE, becavse a in fhe event of ihe fa:iure on the part of the said MORiGAGOR to duly, pranptly and fuuy perlorm, d~scharge.
execute, effeu, comp;ere, comply w~th and a6:de by ea;h and every the stlp~ta~~ons, agreemrnts, condiuo~s, and covenanrs o( aaid prom~ssory note and ih~s
mortgage any or e~rher, ar.d sa d costs, charges and expenses, each and every, ahall be immrdiately due and payable; whether or not there be nohce da
mand, attempt to coliect or wit pend:ng; and the fuil amouro oF each and every such payment shall bear interest from the datp therrof ~nri! pa~d at the
/JfY u! n~~~e ~xr c<<r:~m Nar a:i.~u~r, ~nd el! ~eid wsrs, chargea and rxc,.~nses intu~red or paid, tog~ther w~~h such imerest, ahall be secured by the Iien of ih~i
mortgaye.
6. That (a) in the eve~t of any brtach of this Mortgaqe,o~ default on tt.r part of the MORTGAGOR, or (b) i~ the eveM any of sa:d sums of money
here+n referred to be not pro~nptty and fuil~ pa:d within th,rty (3U) day~ next aite~ the same seve~atly becoo~e due and paYable, witi~out demand or notice,
or (c) in thz evem each and every the stipuiations, ag~eements, cond~r~au and covenams of sa.d promissory no~e and th~a nw~tgage any w e~ther aro not
~uly, pro:nptly and iu~ly pertonned, J~scharg.,d, exec~r~~cl, effecred, completed, comp;~ed with and ab~ded hy, then in e~ther or any wch rvent the sa~d ag
grcgate sum ment~o~~ed in said ~ro~ussory note then remainmg unpaid, with iroerest accrued, and ali mon~ys secured hereby, shall lx:tume due and pay-
eb!e forthwith, or therealicr, at the opr;o~ af sa~d MO~ZTGAGEE, as (vSly and compfetely as if aIl of the sa~d sums of money we~e a~ginaHy shpv:ared
ro be pa;d on such d.:y, aoything ~n sa d prcno;s<_ory note or in fhis Mortgagc to the contrary nohN~thsra~~d~ng; and thereupo~ or thrreafre~ at the opr;on of
sa;d MORTGAGEE, v~~fhc~t noh.e o~ d~•mand, w~t at law or in eq~ny, therefore w thereatter begvn, may be prosecuted as if all moneys sec~red hereby
n~d matured pnor to ~rs ~nst~t~r:on.
7. ihat in the ev~r,t ~har at the beginn'nq of or at any time pending any suil upon this Mortgage, or tu foreclose it, or to reform it, or to enio~ce
paym~nt of any c!~i~ns he•eu:~~'_r, sa~d R'.pRTG%iGEE sha!~ apply to the Court having ~unsd~ciion thereot fo~ the appo,ntmeM of a Rece~ler, svch Courf shail
fo:thwith appo~nt a receiver of saia morigag~d prop~rty ail a~d sin9ufaT, in~tud~ng a(I and singu~ar the inconse, profr?s, issves and ~evrrues from whatever
scwce deri~ed, each and every of wh:ch, rt~ e~ng eapressty ~ndcrsro~a, is hereby mor~gaged as if spec~fically set lonh and described in the gra~~nng and
habendum dau:es her_of, and such Rviceiver ;hail ha~e ail ih~ b~oad and effecnve funu.ons and powers in anyw~se emrusted by a Co~rt to a Recei:er, and
s_ch appofntn,enr shali be r,rde by soch Co;,rt as an admi~r~d equity and a matrer of absofute r:9ht to aa~d MORTGAGEE, a~d withcut reference to the
edzq;rscy or inadequac~ of tF.~ vawe of the properey mortqaged or to the so.vrn~y o~ insotvency of sa~d tAORtCAGOR or the def~ndants, and rhat s~ch
re~~ts, profits, income, issues and rever.;,es shail L~r app~ied by such Retaiver accord.ng to !he lien or equity ot sa~d MORIGAGEF and fhe pract;te oF such
Court.
8. To du•Y. Ffcmpriy and fu:~y pertorm, ducha~ge, exec~re, effect, complete, comply w~th and abide by each and every the stipwatioos, agreements,
;ond~tions and covena:ns ~n 5a~d prom~sio+y nore ~nd ~h;s mcrtgaye set forch.
9. ihat in the e.ent the ownership of tf,e mortgaged premises, or any part thereof, becomes vested in a per~n other than ihe MORTGAGOR, Ihe
~'.~RTGAGfE, i~s wc:essor: a~~.d aas.gn;, may, w~rhout ne~~ce to rne .ti50R?G~OR, deal wiih wch successor w s~ccesso~ in ~merest w:th refrrence to this
m.o~tgage ar.d thc_d•_u! hereby securzd in the same mannet as w+~h ldortgago. without in any way vit~ating o: d~schar~ing ihe ldc~tgagors' lidbility hero-
~•~~de~ or upa~ the debr herebr sec~ved. No sa!e oi lhe {~e:nises hereby mortgaged ar.d no forbearance on ~he pan of the /JIORTGAGEE or its successors
or assigns and no e~terslon of the time for th~ paymern of ttg debt hereby secured given by the MORTGAGEE or ~ts successors or asslgns, a~~aU operate
to re+ease, d~scha:ge, mc,d~fy thar.ge cr affea rhe orig~nai f~a~,Iny of the N.ORiGAGpR herein, either in whole or in pa~l.
l0. It is spec fcatiy ~greed rhar ti-ne is of ehe es:en:e of this contract and thaf no waiver o1 any ob~~gar~on hereunder or of the obligat~on se-
c~red hereby shaii ar an~ tin:e rh~~eaf:r; be hc!d ro be a waiVer of rhe terms hereof ar of the instrurnent sei~red hcrby.
11, ln vud.tlc~ to the foregc ntoc?h'y payr~cnts o~ pr~rc pa~ and int~,res~ requ"vrd by the promsscry nore sccured hereb,r, mortgagor coienams
~nd agrces to pay to n:orrgagee v.~rh each ~no~~+h.y pay~.,e~,t ar. add:nonat sum cshrt~at!•d by rt;o~~yaqee fo be eq~ai to l. 12 of f:~r annual cost of the follow-
Ing:
A-AI~ real p:openy ra,c>s !ev~ed e~ assrs~:d ,:j~i~:st thc a~ove descri4~+d r~~al esiate.
B Fr~~n,:;:;:s on fire ard wi••.dstor.n ~cs~.ra- ce as i3er,:n rrq,,.:~d to oe carnrd en the :m~.raveme~ts rtuate on the above d^scriLed prem~ses.
C-Pre~r.~~~ns on s~cn n~orr~,ue gua•~n±y ~rs~ra ce as ~.:.rry,~~ee shalt frcr*. t.r,e ro t~~ne deem f~t fo tarry on the !oan sccu:ed fiereby.
Mortgagee s!:a ~ f~cm n~r,e to t, ~:e ~•o~~f; n:e•t~ager :n w~it,rg of the ar. ou^t due and payabte hereunder and s~ch surn shall th~reupcn be due and
; ayable o~ the due da!e cf ~1~= r.exr rno•ith:~ pay•n~n~ and each success~ve month ~nereaft^r ~r,til morigagee shafl ~otify mortyagor of a c6ange in s~ch
_-:o~nt. Such sums s~a,i d;e apF~:~rd ty :»orrgac-e ror.a~d the Nay~nent of rea: prcpeify ta~ces, insurance prem.ums, a:id morrgage g~aranty insurance
n'em~ums.
IN \':ITNE55 `r':HER~OF. the sa~d M11UQiGAGOR has hcreunto set his hand and sea~ the day year #irst af safd.
_ ' ned, $ealed and deGvered in the prrse~~ce oi: f ,I~
, ryjiy..( \ s%~_
a
c t~
' re eric orm n erraza
n , _(Seal)
- ` ~_l.n i.r~.i. (Seal)
, '~Ts~-~ 3 nt ia J. rrara
' ~
(Seaq
~ SSATE Of iLORfDA ,
u.
COUNTY OF ~ _ St. _Lucie ` ~
Before me personally a peared FredQr1CIC ~10ltLdA Fexrara _ a~d
C~yn th i a ..1. F er r a r a hit w+fe, to me wel! known and known to me to be
' th~ ind~viduals desc+it;ed in and who executed the foregoing instrument, and atknowiedged before me that they executed the same for the purposes
tlv.ei~ e~pressed. And !he said__________-. C~thl'l J• Ferrara
r~~fe of the said FY~~r1C~C Norman FerrarFi upon a separate and private
exam~nation by me taRen separate and apa~1 from her said husband, acknowledged to and before me that she executed said insr~~mem lieeiy and vol~o-
~anly ar~d w:tho~t any compulsion, canstraint, apprehe~ Qn_,' oJr fear of or from her said husband.
Y~ITNE55 my har:d and official sea! this_~ _ day of_ Febru`'#ry A. D. 19 74
__~t.~~~~-~-t/ ':3 ~ ~~_z~.
' Notary Pub~k in and for 1he ate of F{orida at Large
. ' 3t My Comm~ssion ezpires:
Retu?n,io~
First Fedwal ~Savi~s' b loan Associatidn N~tory Pub6c, StcM of Fio~ida o' targo
= Of F~~ p..+rc~•. My Comm~ssion Exp:r~s Oct. 30, 1976
~orr pie+[c~. F:crida ~ _
, 1 J . Ecnd~J by Ar.cricon Fire b Cosuo{ty Go.
, ~ \ :
This Instr~t*~ern~Prepered By J. N. Roberts, Jr. Fl~~
U1CI i. ; ~ )t1T1' ~i:~ ~
First Federai Savings 8 loan Association ~.;t~ crn„~x5 (
of For! Pierce, Flozid~ ~~=p~ ~~~ITCOU~ 1
~.F~P,~~~'r:~ I
Checked By ~ n ~ ~ ~ ~ ~L
R 22~ ~~~1848 T~`
8001t
2'7419~~
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