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To pl~c~ •nd contirwov~ly k~ep on the building~ now a heroairsr ~wa~e on tia;d land ~nd on ali equ~prnent ~nd p~rsonally tov~ted by ihif mwl¢ ;
sgs, with al) premivms ~herea~ pa~d in fvll. ~~~e intur~nce in /M usual i~~~da~d po~~cY lorm, in a sum •pp~o~ed by 1M MORTI~AGEE, •~d wi~+dtta~n
~naur~nc~ in the uswl ~undard pol~cy fwm, In a sum ap{xov~d by the MORTGAGEE. i~ ~uch canpaoy or compan~~s at 1M MORiGAGEE may • ~
d~rect; ~nd all fir~ ~~d w~nd~torm in~uranc~ policie• on ~ny oi sa~d bu~id~~+gs, any interest therein w pa~t thenof, in tM ~9preya~~ tum ~iatsaid or
in caccu ~herwt. ~hal{ contain ths uswl uendscd mo+tgage~ ctau~e w•uch othe~ ciaute as tM Matpagee may rsquu~. makinp tM lou w+c1N usd poli~ - r ~
c:es, each and eve?y, paYab!e ~o said A10RTGAGEE as ~ts interes~ n,ay appear, and each and every such po~~cy sha11 b~ promptly •u gned u+d~ de~~~~~ed ~a
any held by sa~d MORiGAGEE as fu~tha tecurity to said mwtgap~ debt, and, not less ~han t~n l10) dsyt in advanc~ of tM expiration oi each policy, to d~-
I~ver to uid MORTGAGEE a ranewal 1he~eof, togelMr with a ~ece~pt iw the prcrnium ot tuch renew~~; snd there shall ba ~o I~i~ w w6~dstam inwr~nc~ ' ~ E
placed on ~ny of said buildinys, any inteean the~~in w p+rt the~eof, unles~ in ~hc form and wi~h the loss payable aa afwesaid: and in th~ even? any tum ` i
3
of money become~ p+Yabte under such policy or policisa sa~d MORTGAGEE ah~ll have ~he op~~on ~o receive a.+d app~y the samt a~ ~aa+nt o( the i~debt~ ~
nass secured hereby o+ ~o permit aaid MORTGAGORS to recaivs snd use it or any pr.t thereo~ for otncr purposes, w~~?w~t the~eb~ waivuig or unpair•
~ng any equ~ty, lien a ri9ht vnd~v or by virtue of Ihis morty~ge; snd in tM event taed MORTGAGORS shall fa any reason lail to keep the s+id premisef w
ins~red, or fall to deliver promplly +nY of said po~~cies of insurante to said MORTGAGEE, or fail prompNy fo pay fully any pe~nium theref~ o? in +ny ~
respect fail b periorm, d~scharge, eaecuta, effeU, compkte, comply with end abide by this cove~ant, a sny part hereof, said MORTGAGEE may plxe +~d
pey fo~ suth in~urence w any part thereof withoul waiving w sffecling any opt~on, lien, equ~ty, or right under w by virtw of this Ma~yags, and ths
f: ll artwunl of eath aod every •uch paymeN ~halt be im~nediately dua and paY+ble and shall be~r iNerest from ths date thereoi uatil psid at the rate ol
•r per ceMum ~ snnum and to~e~hrr w~th such interest shall tx secured by the lien o~ this rtwrlpage•
d. To permit, commit o? suffe? no waste, impakmeM w dc~erioration of said property or any part thereof.
S. To p•y all and aingulu the costs, charges ~nd expenses, includ~ng a reasonable attwney i(es and costs of abstr~ct~ of title, incw~ed w pa~d a+
any fime by sa7d MORTGAGfE, bec+usc a in ehe event of the ia~!ure on the pa~t of ~he sa~d MORiGAGOR to duty, promp~ly ~nd fully perlam, d~xha~ge.
~=ecuee, efFect, complete, comply with and ab:de by each and every ~he stipuRano~s, agreements, cond~tions, and covenants of said promissory note and ~his
~,orrgage any o~ efiher, and sa:d costs, charges and expe~ies, each and every, shatl be immed~ately due snd paYabte; whethe? a not tAere be notice ds
,,:,n~, attempr to coliect or suit pend~ng: and the ful! smount oF each and every such paymem ~hali bear interest from 11N date thereof votil paid at 1he
o+ nine per centum prr ar.nu:n; and a1t sa~d costs, charg~s and eape~scs ~ncurred or pa~d, together wdh such interest, sMll be secured by the lien of this
r.,o: t9age•
6. That (s? in the event of any breach of this Mortgage or default o~ tM part of the MORTGAGOR, or (b) in the avent sny oi ss:d sums of n+oney ,
h~~re~n ~eFerred to be not prompily and fully paid wi~hin th~rty t~) days ne,e~ at~er ~he same se~era!(y become due and paY+b~e. w~~Rwu~ de^~+^d a^otice. ;
cr !c} in the eveo~ each and c~ery ~he stipu:atio~s, agrKmems. cond"nions and cuvenanis of sa;d prom~swry note and th~s mwtg~ge any w either ue na `
prarr.rt.~ and lully Ferfonr~. d'sctia•9~. execwed. eifectrd. tanplcted, con:p't:ed ~v~th and abided Sy. thrn in e~ther a any tuch e+r~M Ihe sa~d ag
~~egate sum mentioned in said promisswy note then rema~r.ing unpaid, with interest accrusd, and a~I moneys secured hereby, shall betorne dw and as~-
ac, e forehwith, or thereafter, at ~he opt~on oi aa~d MORTGAGEE, as fully and comp!ete!y as il atl of ~he said surm of mooey were ori9~n+lly st~pulated
a•• •_••v r;._,t. cx ~n this Mortgaoe to the com~ary notwithstandang; and thertupon d thereafte~ ~t the oprion of
pa:3 -r:: s:::h dey. ~..y.:.:..y
s>. MORTGAGEE, wnhout nohce o~ demand,7.s~it at law or in equifl, therefo~e or thercafter begun, may be prosecuted aa ii aii maneys secured hri~~iy
n.d m:~tured p~~ot to ~ts institution.
7, lhat in the eve~t rhat at rhe brginn~ng eF or at any time Fend~ng any suit vpcn this Mor~gage, or to fwKlose it, or to reform it, or to enfwts
.::*,e~~t of any de~ms hereunder, seid h10RTGAGtr shaU apply to thr Court hjr~~g iunsd:ction thereof for the appoirtment of ~ Reteive~, such Cw?t shall
r. •-,,,nh appc~nr a receiver of sa~d mo~tgayed p+o;xrty at! and s~~~gu:ar, inciud~ng a,l and s~~cular ~he income, proFits, issues and revenues from whatever ~
s:~ca de:ived, each and every of wh~ch, it bc~~.g express'y ur,ders~~. ~s kerau7 i*,oryaged as if spauficaily set forth aed deatribed in the granting and
1.,;endum cievses hrreof, and such Receiver shal~ have atl the broad and efiecnve iunct.ons and pcwera in anywise eMrusted by a Court to ~ Receiver, and
s_ ~h apF~ointme~:t ahait be made by svch Co~rt as an ad:n~tred eg~ety and a rratter oi absctute rigM to said MORTGAGEE, sod without relerence to the
e:s•:qvacy w inadeq~acy o( the va:~e of the proper?y mo~tgac~ed or to ~he so.cc~cY or ;nsuivency of said MORTGAGOR or the defendanK, and that such
•~s. protits, income, issues and revenues ahall be applied by such Receive: accord.ng to the lien w equity of said MORTGAGEE aod the ptactite of such
CourL
8. To du'y. p~anpt;y and (ul!y perform, d~scharge, execute, effect, cor*+plete, comply with ~nd abide by each and every the stipulations, agrcements,
co,dlt~ons and cover.ants ~n said promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged prem~sea, or any part thereof, becomes vested in a perwn olher ihan the MORTGAGOR, the
: ~RTGAGEE, its wccessors and ass~gns, r.wy, w~+hout noi;ce to the MORTG4pR, deai with such successor w successor in interesf with reterente to this _
~~Jage and the deb~ hereby secured in the same manncr as wi~h Mortgagor w~thout in any way vitiating w d~xharging fhe Morrgagors' liability he?t ;
dtr w upon the deb+ hereb~ sewred. Nu sale of the premises hereb/ ~nortgaged and no forbearonce on the part of the MORTGAGEE w its successo~s
~~s~g~s and no eate. sion o+ the time fo~ the payment of the deb~ hereby securca! gi~en by the MORTGAGEE o~ its suctessors or au~gns, s1~+~~ operats
- ..._a:,.. .ti~....e ~c~.~~ ~h. ~,:o;nal liau~l~sv of ~he h50RTGAGOR herein, either in wFale or in part.
- -:~:y~., .....s - Y
` 10• It. is spec~f~cafiy agrrcd ihat t~me is of the essence of th~s con+ract arxl that no waiver of any obligation hereunder w oi the obligation se-
c~red hareby sha!t a~ any time thereafter be heid to be a waiver of the terms hereof w of t!r_ instrumeM secured he~by.
11. In aod.tio~ 'o ti-~e forego ng rnon!F.Sy paymcnts of pri~c pa~ and interest requ~red by the promissory note secured hereby, mortgagor covenants
i-,d agrees to pay to morigagee witR each month~y payrnent an add,r.onat sum esf~n•afed by mortgagee to be equal to i/12 of the annua) cost of the follow-
A-AII rcal p~operty ta,ees lei~ed or assess_d aya~~st the ab~ve descri;,ed reaf es!ate. .
; g-Fre:r.•uns on ~i~e and w~ndsterm ~nsurance es i:err~n req~:red tu br ca~ried cn the improveme~ts srt~ate on the above described prem~xs.
I C-Premiums on such mortg3ge guaranty ir.surance as mort9agee ihail from s me to time deem fit fo tarry on the loan secuted hereby.
j Mortgagee sfia!1 from time to t:me notify mortgagor ;n w::t~ng cf the amount due and payable hereurxler and such sum shall thereupon be due and
; _.;r:e on fhe due date ef the neMt r.,onth!y payment and e~ch successive monrh thereafter u~til mortga~ee shatl notify mortgagw of a change in such
€ 1 ouN. Such sums sfiail be app!ied by mortgagae towa~d the payment of rea! properry taxes, insurance prem.ums, and morlgage guaranty i+uurance
. _~~~;umi.
IN Y~ITNESS VINEREOF, the said MORTGAGOR has hereunto ser his har.d and seal the day and ye r first aforesaid.
Signed, Seated and delivere in the presence of:
an
' • seaq
(~Ai'~r~ ~1 `~1'._.c~ n ,
j Chr istine C. Beraer ~ ~seaq i
{
,
~::.iE OF FLORIDA ~ f
S5. ~
~ ;~,r~rY oF St. Lucie ~ - ~
Beiore me personafly appeared _ CiaYY A BEYdeY - ~^d
Ghr ist ine C Ber~er his wife, to me well known and known to me to be
c individwls described in and who exewted the foregoing instrument, and acknowledged before me that they exetuted the same for ths pv?puses ~
-•_~e~n expressed. And the :a~d _ Christine C. Ber4er - s
C•••• e Berd@= _ vpon a sep+r~te ~nd priwt~
r. ~e of the said
i~rnat~on by me taken uparate and apart from her said husband, acknowledged to and before me that ~he executed said inst?ument freely and voturt-
:y ar~d w:thout any compulsion, constralnt, appr cns~on, w. fear of or fram her said h~sband.
~ WiTNE55 my hand and offic~al seal th~s__~ ~ day f Au uSt A. D. 19~
~ '
Notary Pubfic in a~ or the te of f a at Larye
My Commission expires: ~ A~
~ Return To: ~ G
~ f:rst Federal Savings 6 Loan Associat~on
Of fort P:erce. .~rul1~
~ ~ rDEO
Fort Pierce. Norida ilL~~i 3. CJ fL~. 4~.~ :
; Si• Ai..~t i~~e~AS ~r • JJ ~'~a . i
,'tS 4~ v '.•r. ~
~.~~y~_.~_ - c.~ t~~.J{~t~ryL' ~
This Instrument Prepared By John W. Collin$` ' " ~ i' '
First Federal -Savings 8 loan Association ~
$ 36 ~ 0 r
, y of Fort Pierce, F lor ida 33450 j i4.~; ~f-~j:~~~'t:
~ Checked By ~ 289Q58 +
~ ~ .
~~~~~)i t111~a~`••', _
= R~ ~30 ~2'14?
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