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3. To place and con~inuously keep on the bui'd~ngi ~ow or Aerea(~e. situate on said land a~d on ali equipnanl and personally coverod by ~hii matg~
ege, with all premivms ~herew+ pa~d in (ull, 6re insurance ~swi s~a~.dard po~icy Iwm, in a sum approved by ~he MOR?GAGEE, a~d windswrm
~nsurance in ~hs usual s~andard po~~cy (am, in + aum approvcd by +he MORTGAGEE, in such company w compa~~es as the MORiGAGEE may
d~rect; ~nd all iire and w~ndstorm ins~~ance po~ic~es on anY a( said bu~~d~r+gs, any interest tFxrein o~ p+?t thereoi, i~ tF+e aggre9a~e sum afwesaid w
r*cess ~her~f, shall contain the usval ~tandard mottgagee cfsuse a such o~her cleuse as ~he Mortgages msy ~equ~rs, makin~ the lost unde~ sa+d po~i~ ~
c~es, each and every, payable ro sa~d MORTGAGEE as ~ts interasl oay appear, and each a,Td evrry sv.h ~a'+cy sha!! be pror.+pt~y r~t 7^Pd and delivered to
any held by said MORiGAGEE as furthe. securify to said mwtpage deb4 and, no? Iru than ten (10) days in advance oi the expiration of each policy, 1o d~-
livrr 1o said MORTGAGEE a re~ewal Ihereof, toge~lxr with a rece~pf for the p~emium o( suth renewal; and there sha(1 be ro 1iro or windatorm insuwnte
placed on any of said buildings, a~y interesl the~e~n or pa~~ lhereof, un!ess in tFK fo~m and with fhe ~ou payable as a(c~esaid; a~d in the event any sum
of money lxcomef paYab~e undr such policy w pe~~uas said MORTGAGEE shall have ~he optio~ to receive and apply the same o~ accouM of the i~xlebted-
ness secured hereby or ro pe~mit said AhORTGAGORS to reteive and uss it or any Na~t I?:e:eof for other purposes, witho~t th_~cu; warvi ~g ct nnpair-
ing any equity, lien a righl und~v or by virtue of ~his mo:!gage; a~d in the eve~~ sa~d MORTGAGURS shall for aoy reason tail to keep the u~d premises w
~n~~red, or fail ro del~ver prompNy a~y of sa~d pol~ues ol i~~u•ance to u~d MORIGAGEE, a fail promptly to pay fully any premium the•efp or in a~y
resprct iail ~o perFoem, d7scharge, execu~e, etiect, comple~e, canply with and ab~de by thi~ covenant, o~ any part hereof, said MORTGAGEE may pi~ce +~~d
pay Fo~ such inw~ante ot any pa~l ~hereof without waiving a affectirg any opGon. lien. eqo~ty, or right under a b~/ virtue ol this Mortgsge. and Iht
f~:ll amounl of each and every such payment shall be immediately due and payable anci shall bear interest from the date thereo( uNil paid at the rate ol
n: .e per crntum per an~um and to3rlAer wi~h such ~n:a~est shali be xwred by the lien o( ~his mortgage.
1. To permil, tommit or suf(er no vvaste, impairment or deterioration of said property w any part thereof.
5. To pay all and singulsr the costs, charges and expenses, ~ncluding a reasonable attwney i fee and costs oi abstracts of title, incurred w paid at
>ny tf~ne by said MORTGAGfE, because or in the event of the (a~fure on thr part of ~he said MORTGAGOR ro duly, pnxnptly and fully per(orm, discharge.
erec~te, efFeu, comptete, comply w~th and ab:de by each and every tbe stipuianons, agreemems, cond~t~ons, and coveoants of said promissory note and thi~
,,orrgage any or eithe~, and sa:d costs, charges and expenses, each and eve~y, shall be immed~ately due and paysble; whether w not tAere be notice de
~,;~nd, atte~npt to collect w suit pend~ng: and the full amount of each and eve~y such paymem shall bear interest irom 1he date thereof uMil paid at the
~ c~ n~ne per centum per annu:n; a~x.+ all said costs, cha~ges and ex~nses lncurred or paid, together w~th such interest, shall be secured by the lien of this
martgagO.
6. That (a) i~ the ever+t of any breach of this Mortgage or default on the part ef the MORTGAGOR, or (b) in the event sny oi sa;d sums of money
I;ereln rofe~red io be no1 p~omptly and lully pard within thirty (30) days next aher the same severaily become due snd payable, wi~how demand w notice.
.c? in thr eveM each and every the stipu!at~ons, agreements, cond~tions and covenants of sa.d promissory note and th~s mortgage any p eitFxr are eot
i~,~, promptly and fu!ly periormed, d.scha~ged, executed, effecred, compteted, compi~ed w~th and ab~deJ Sy, then in either a any svch event the said ag
~-~gate sum meNioned in sa~d promissory note then remaining unpa~d, with irorrest att~ued, and all moneys setured hereby, sfia~l become due and pay~
ai, e for~hwltA, or thereaftrr, at the ope~on of sa~d MORiGAGEE, as fully and compte~cly as ii all of the sa~d sums of money were w~g~na~~Y stipulated
tu h.~ pa:d on suth day, a~ything io sa.d pro:niaswy note or in this Alwtgage to the contrary notw~thsrandu~g; and thereupon w lhtreaher at the option of
s:1 ~.~ORTGAGfE, without notrce o~ den~and, suit at law or in egu~ty, therefwe or thereafter begun, may be prosecuted as if all moneys setured hereby
c~~d matured pr~0~ t0 ~1! initifutiOn.
7, That in the everl that at the beginn:ng of or at any time pending any sv~t upon this Mortgage, or to fo.eclose it, or to re(orm it, or to enforce
,.,;~.ent of any da~ms he~eur.der, said MCRTGAGE[ sha,~ appty fo the Court haa.ng ~u:isd:uion ~hereof {or the appo~nu+~eM of a Receive~, such Court shall
r_: L.~rh aNpo+nt a receiver of sa~d rortgaged p•ep:.•-ty alt and s~ngu:ar, inc:~d.rg aIl a~~c s~ngular the income, p~ofds, issues and revenues from whatever
s~ e derived, each and every of wh ch, kn~r.y exp:essiy unde~s~ood, is F:erecy r:urtgaged as if spec;Fitafty sel falh and dexribed in the gaoting and
t,ecenaum daoses hereof, and such Recei~er shali h~~e ail ihe broad and efiec!~+e fvnct.o+~s and powera in anyw~se entrusted by a Cov~t to a Reteivtr, and
s_ch appoinrme>>? shalt be made oy such Cou~t as an ad:nined equity and a ma't~r of absot~te rlght to said MORiGAGEE, and without referente ro the i
r.:±aa~~acy o~ inadequaty of the va4~e of fhe p~operty mortgaged or So the so.ve~+cy o• ~nso~vency of sa~d MORTGAGOR or the defendants, and that such ~
,,;s, profits, incwne, issues and revenues shall be applied by wch Recriver accord,~ig to ~he Iien or equity of said MORTGAGEE and the practice of such
Cc.;rt.
S. To du~y, prunptly and fully perform, d~scharge, execute, effect, complete, cornp~y with and abide by each and every the stipuiations, agreemeMS.
_o d~t~ons ar.d tovenams ~n sa~d promisso~y note and thSs mertgage set fcrth.
9. That in the event the ownershlp of the mo~tgaged premises, or any part thereof, becomes vested in s person olher than the MORTGAGOR, the
;^.RTGAGEE, its successcrs and ass~gns, may, wi~hou~ not~ca to tne 1'110RTGAOR, deal Y~ith such successor o? wttessor in interest with reierence to this
o•~qage and the d_Ut hereby secured in the same manner as wifh 4lortgago. without in any way vitiating or diuhaiging the Mortgagori 'liabilify here-
~~:r w upon the deb! hereby secured. No sale of ihe F~em~aes h~reb~ ~rro~tgaged and no forbearance on the part of ~he MORTGAGEE or its successors
, as.~g~s and rw eztens~on of the time tor the payment of the debt h~reby sec~rrd given by Ihe MORTGAGEE or its succesaors or assigns, sha~l operate
o re~ease, d~xharge, modify change or affect the original lia~;~~ty of the MGRTGAGOR herein, either in whole or in pari..
10. It is spec:f~cally agreed ti~at tirne is of the essence of this coniract and that no waiver of any obligation hereunder or of the obligsfion se-
o.,red hereby shali at any time thcreafter be he:d ro bc a waiver of the !erms hereof or of the instrument secured herby.
I l. tn a~d r,oz co ~I~e ~orego ,~g ~~~o~,'fi'+ F~Y'T':'N5 04 :ui:~c pai and ir.r~~iest required by ihe promissory no!e secu~ed hereby, morTgagor covenants
a:.,r~s to pay to r~ta-r9:gce v.i:h eath err~~;!hiy pa~•.~ent an acid ~~o~sal s~m es~~a:ated by mo~tga~ee to be equal to lj 12 of the annual cost of the follow-
A-AtE rral pro{:~_••ty taz.~s :e.~ed or asses:~_d aya~ a+ t~u_ abOVe 'tJexnocd r_al es~ote.
E- Fr~~~..~.,~~.s on f:re a~.d vnr.dstonn ~rw~a~:cr as 6e-em requ:red to be car:~E.d en the ~mproveme~ts situate oo the above described premises.
C-Pre~~~~~:~ s on svch mcr?~:;ge gua+3nty ;rs~-a:.ce as mo•rgagee sha~l fro^ t vie ro t~~ne deem fit to carry on the loan secured here
~ 'Aortgagee s~~o: ~rom t~•r•e to t~:,:c no~~fy nertgago. ~n writing o! the a:*:ount d~s a~d payable hereunder nd such sum shall e upon be ue and
,b.e on the dur ciete of the next onfh!i pay~:^r.t ar.d e~ch successive mo~th tf,•_reaft~r ~r,ti1 mortgygee shall tify mort g a ehange such
€ _•~~t. S~ch sums sF~a:i be applied by mcrtgag•.e to.vacJ ~Fe }:ayment of re~i pro;.e~ty taxes, insur ce prem~ums, and rtg g aranty ins rance
~ : ;~ms.
\VITNE55 `++N.REO~, tne sa~d MORFGE+GOR has hereu~to set h~s har.d and seai the day ~ksr firs s esai ~ . ~
~ ,$e and drlive~ed ~n the presente of: ' ~
~ ` i' ~ - 1 ~ Sean i
(Sea4
- Seaq
- - Aetsy A. o ar .
.'~TE OF iLORIDA !
~t. Lucie t ss. ,.~,~~e:~u~:1e,.,
' ; J r: TY OF - - ~ ~ ,.1 i ~4i ' " -
Richard B. Pollard .,1~''s
Be4ore me personally appeared .
B et s y A Pol la r d h;, wite, to me -welf ~oy~ taad knoatn To Sas•~q be
a individuals desuibed in and who executed the foregoing instrument, and acknowledged before me that they, exeSited `14~ sar~e -(oi ti~F ~urposes
r~ _•etn expressed. And the said_ - ~et~" A Pollard b~- , L
r. of +he said R~Cha=d 6 Pollard -l~pon a separatQ ar~~rate
f,_~; nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she eaet:utEd saidln¢furw~t freily ~ivo~un-
~ ~ ~ l: ~ . ~
r and w~thout any compu:sion, constrai~t, apprehension, or fear of w from her said husband.
17th " w.~~::~ 74 r.
Y,IITNFSS my har~d and o~fiuai seal th~s_.- day of r~ay ''~'~~-y-~?~~ ~~~~-~(~~19
. ~ ~ ~jh r`
~
Notary Public in ar+d for t St~fg of F?aida sf lar
~ `
My Commisiro~ eapires: y(~f~ ~C~'~
Return To:
rint Federal Savings 3 Loan Associat;on
Of Fort P~eree.
fort Pierte, florid~
fllE~ ?M^ '~ECORDED
ST.LUCtE ~~UMTY FU' ;
fiuGt~7 ~ ~ RAS ;
This Instrument Prepared ByG"r y F. El lwood ~~E~K CfnGUiT COURt / ~
First Federal Savings 8~ Loan Association REr~~"- V=~~~~FO
k of Fort Pierce ~ Florida , ~
MAY t3 4 os Za
Checked By~ - 9/~5
P%t~ r,? _
G~ ~RUE~r~4~ r ~
r
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