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SIXTN: TM1 tM Maq~po~ Mr~by pra++ii~~, cov~~~nts and ~gr~•~ to p~y ~M ~wn~ of mon~~ ~nd inm~st as n+~n~ioned in said pranisary nw~. tiop~tiNr ,
with anr W+d all othN ~wm 1~»~ly dw and owinq tM Aaociation by tM ~am~ tFw~in. ~nd Ncw~d ~o b~ p+id u~~~I~d ~M~~in pranptly wMe~ dw. Md N ~
d~fwh ~11 M mad~ in rh~ p+vm~n~ of ~M aid ~um~ of ma+~Y o~ ~ny pu~ ~ha~of u p~ovid~d 'a~ rlw ~aid noh a rhi~ mo?~yap~. a if tM N+~aNt d~st n+~y
b.conr dw tM.wn or ~ny W?t ~herwf ~h.ll b~ in d.f.uN a~d u~p+id for s sp+u of tlwty days, or sha?W tM Mortq+9a br~+ch or fall w aomply wilh
any otMr tow~+m ot +W~^1 oa ~M part of th~ Mwt9aqo? 1o b~ complitd wi~h l~ tiw~e c~ses in which th~ optioe~ ot tM Auaiatan of aonla~tion i~
not whwwiw ~spr~uly provid~d Fw.e~~) and such br~+ch a ~on~compli+nn ~°^ti^"~ in ~xisanc~ fw a ipac~ of thirty d~ys, thM and from tM~c~forth, N
tM optan of tM /?uoci~Ywn and without notice to tM Mor~~aQa. tM whol~ of s+id principa! sum ~ap~~ued i~ ~aid nott. toq~tM? with ~II othM ~wm N»?? ~
in provid~d fw. ~A+11 b~come imm~diately dw ~nd pay~bl~. withoW r+otic~ to tM safd Mat9aqo~-
fEVEN?M: Tha~ in c.se ir aho„W b.can. nece•ary ro p~+c• ~h~• m«~y+y. dsed and rM noi. sscured 1ur~by w e~~h.. of ~hsn+, in rM Mnd? oi an •nao.y ,
fw collMion. tM aid Morty+~w coven+nts and apreei with the /?isouation to p~y ~11 co~ti. cMrp~s and ~xp~ns~s of ~uch oollectan, includinp naon~bl~ ~
a~r+sys fees w1+etM? cdbad bY far~clww~ or othKwis~. ~
EIGtliNs TMI. ie th~ ~vent that ~t tM bcgiru+irp of o~ at any time p~ndiep ~ny wi~ upon tha mortgay~, a to faeclou it. o~ ro r~twm it and%w ic Nria~ci ~
P+Y~^t of any clawns he~wnde~, iaid Au«~~tia+ i1? ?11 app1Y to t~ula„~nclud~ 1 ~~nd~si ~he•u the ~ncan~+ ~of t~iuues a~d nv~nws fran~whit ~II
falAwith appoiM ~ R~ceiva of s+id mortga9ed Wope ~Y dl •nd ii ^9 ^9
•ourc~ dNi,?td, ~ach and tvery of which, it beinq expressly u~derstood, is F?e~eby mort~s9ed ai if ipecific~tly ut fath u?d d~scrib~d in tFN 9~antinp st~d
hap~m d+usn Mrwf, ~nd sucM Rece~ve? shall have all the broad and eftecrive fwxt~oni and Pow•rs in •nywis. enr.us~ed by ~ Coun ro• R.c•iv... aed
such ~ppointmero sMll be made by such coun ~s a~ admitted eqvity and • matte~ oi absolute right to taid bsociation, ~nd without r~f~rent~ fo tM ~ds•
QuKy p i~adequscy of tht value of the p?openy mwtgagcd w fo ehe solvency of the Mor~gs9or. and/w ?he d~i~ndant, Md wth r~n1s, pro~M, intonM~.
utws ~nd r~w~ue~ shall be +ppl~ed by wch Rece~ver according to the li~~ and/w ~quity of said Auociatio+? ~nd tM pt~cliu of wd~ towt. +~d such ~
c~ointaw?t of R~ttiva shaU be witt?ad no~ice to any obli9or hercunder. 4
NlNTM: TM Mo?19agor M~~bY wsives ~II r'ghq of honustead and •xemptio~ granted by the Constitution u~d i~ws ~f iiwida. li is sp~tii~iiy s~rs~ thst i
~m~ is of tM eiunc~ in this contratt and tM~ ro w+ive~ Dy rhe Assou+non of aey oblig~fia+ Mrew+der w of the oblip~tion weured ha~by a1»II d+ny twn~ I
rherNfM~ b~ held tp b~ s waivt~ of ths ?erms he~tof o? of Ihe oblig~tion ucured hercby. • ~
TENTlIs TMt if conveya~c~ slwu~d be o++de by th~ Mwtg+gw of the p~emisc~ here~n described or ~nY P+rt thereof, without the writt~n tonsMt of tM Atw
ciation ~nd without auwnption i~ regulu fwm o( law by fhe grantee oi the obligarion 1o the Associ~tion created Mreunder. 1hM +~+d in thaf ~vtnl and H
tM option of tlx Associatio~ +nd w~~hout notice ~o the Mortgagor. alI ~ums ol money ~~cured hereby shall immed'utely ai+d contunently with wd+ convty-
~nc~ baom~ due and p+yable ~~d in default whether the same are so due and payabls and in default by the specific terms he~eof o~ not.
EIEVENTIi: If torclosure proceedings of any second mwtgage or second vusr deed a any juniw lie~ of any kind ihould b~ inititu~ed. tht Aitotiation n~I.
at its opliot4 immedi+te~Y o? 1h~reafter declare Ihis mo+~gsge and tF+e indebtedness secured hereby du~ ~nd paY+bk_
Ty1?ELfiN: Th~t in 1M eve~t the prcm~ses hcrebY ~r~gaged, or any part thercot. shall be condemned u+d t~ken fw publit us~ under fM povwr d N~inMt
domain, the Associ~tion shall Mve the righf to demand that all damagei awarded for the tak~~g af a damsges to said prem~s~s sl++~~ b~ W~d to th~ As~oti~-
tion, up ro N+~ amount then ~npaid on th;s mortq~ye and the o61ig~~ion sec~red hereby and may b~ applied upoe th~ p+Y^~enq laar payabM w~d~~ fl~
rnwtyp~ ~nd the obliy~tion aecured her~by.
~,r:~~~ ....i ~.~.,..d herc6v. not wid when dw shall b~ ~ublect w"I~N dw?9~s° p P~'a
TlIIRT~i~ITM: tASt ~nst~iimen~s. p~yeu~e u.w'cc :~e :s -
v~ded in said nots, and such "late charges" a~e sec~red by the I~en hereof.
fOURTEENTM: The Mo~tgsgee hcteunder may, in its so~e diac~ction, irom time to time duritg the Wig~n~~ W~nY ~x~en~ed ~Nm hMeOf, af tAe reqwsf Of dM
Nbrf9a~w and within and under the provis~cn here~nafter ser forth and a~l oi ~he othe~ p?ovis~o~s of this mor~g~ge, sdvar?ce ?o the Mw1y~o? hertin fot My
purpose whatsoever sums of money subseq~ent fo the advance unde~ the or~g:nai rwte secu~ed hereby. Upon ~he request of the M~wt~~pe~ th~ Mottp~~
~hall txacule ~nd de~iver a supplemental note a notea fo~ any ~vch sum or sums advanced by the Mwtgsgor subsequem to the dste of the wiyinal not~ ~c-
cu~ed hereby, and during the term of this martgage Svc?+ note or nates shall be securcd hereby on e parity wilh and as fully as if the sdvu~c~ or adv~nces
evidented thereby wlre included in 1he a~9+^+~ ~a~< «~er~ed supra and were made at the da~e ot said originai rate, provided thst the total of tM ramainirp
Fort Seven Thousand_Three_Hundrec~
unpaid prineipal b~lance of ~II wch notes sewred herevnder snd he~eby shal~ never exceed S ------Y
and No~100--~----~~47.s.3~~.~~ , pro~~ded ;unher. however. ~ha+ th]s inshumeM sMll ad~tionally secure, +s • first li~n, sll other sums.
prw'a'an~, conditions, r~ghts and obfgations of every nature p~ov~drd for ~n ~he wiqinal and supplemental notes +~d ~n this moctqsge.
F~fTEfNTM; Without impairing the ob~igations of Mor~gayo~ conrained in parag:aphs SECOND, THIRD and fOURTH hereof, u~d fo~ ~pplital'wn 1o th~ pur•
posa thereof in ao far as the same shall be sufl~urn~. A~lor~gagor shall, ~n add~rwn to the mo~~hly paymems of p~incipal and intcrest af sfated in the aiyinal
note (~?~d in ~he ra~e or notea secured hereby) p~ovided to be made, pay a monthly sum in an amount equal to w~e•~welfth (1/12) of tF+e estim~ted a~w~
uxes, a»tssments and insurance pre~r.wma ~pon the ~eal estate seccr~fy, as the amo~nt therot is determined from time to time by the Mwtg~gee•
SIXTEENTH: The lien of this instrument shall rema~n in f~li force and e~+ect during a~y postponemenf or e:tension of time of payment of any put o? a~~ Of
tM indtbtednesf secured hereby and d~ring the ?erm of any fut~re ad+ances made herr~nder.
?ROVIDED AtWAYS HOWEVER, ~hat if the Mortgagc~ ahall pay vr.ro sa~d Assoc~ation the moneys prov~ded fw in ~nd by said note or notes ~nd this mort9+y~
snd shall well and tru~y keep, obsesve and pcrform, cor*+ply ~wnh e~~d aU,de b~ each and every the st~p~latio~s. ~g~eemtnts, conditans snd covenaori ther~'
of aa and when required ~hereby then tAis Dted and the esTate hereoy created shail « ase and be null and void, otherwise the ssme sh~U ~emain of bindiep
force and effect.
IN WIT!lESS WHEREOF, the said Mongsgw has made, e,cecuted, sealed, a.•d drlivered this mortgage the day and yea~ fint ~bov~ written.
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~i ei^ ! e~ ~~r~ in the presence of: ~ f I~ 111 _ ~ /
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- Hudson
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f, /J~ Dor i s C Hu son
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sr~rE oF ~oe~o~ ~h+..• :;,,,•__7. •..i~.~
Okeechobee } ~ ~rr 7 ~ ~a~~;.
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- COIiMY OF - -
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~ DORIS C HUDSON
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Belae me personally appeared - .
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to me well known and known to me to be the indi~idual or ~nd;vid~als describea in and who executed the fweparg inftrument, +t~
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me the execut~on of the same freeSy and voi~ntari7y for the purposes there~n expressed ,.~xt's '
WRNESS my hand +od officual seal this. _ 22~1d -_ds of ---------May 19- 74-_,
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= RETURN i0: NOTARY PUBIIC, STATE OF FLORIDA AT LARGE
fint F~dsral S+vings 6 loan Association of
pkNClwbM Counfy Okeechobs~, florid~ My commission expires: ---H~f~[~-Q4a1iG~-St2~l-9f-F79~tf~~1{-$1!'~----
,AX ~9nuNssbn Expires May 6~ 197Z
This InsVument Prepared By , p ~M
JOHN ROY AR~J ~ AM ~~~~8~ P~~~r`
305 F~1ST P~3tiTti FARli STREET 'tlRBW~fT TO CHAPtER 71-13t, I~CTS OF lY~i.r!!C
QKE~y'CHOBE~, FLC~ii1DA 33~72 ` R06ER PpITRAS ~
CLERK CIRCUIT OOURT, ST, LUCIE OQ, FLI~,
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