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1. To pfac~ and ca+t~nvovs~y keep a+ ~ha tx+~:d~~~s now w l~crea(ta ~~wan o~ satd I+~d and on equ~Wne^t and pers:.„aUy cove~e.i Sy ~?us mu~9-
wi~h all preaii~:ni ~r~a~con pa:d ia f~tl, fi~e insu~e,~cr ~n ~M uswl surcfud po~Ky ~o+rh. M+ svm rppiovcd by ~he MGR1G:aGEE, a~~d w~rdstam
inswa~c~ G. ~M uiwl u~ndard po~:cy f~m. in • suai app.o+cd by r1u MORTGAGEE, in s~ch compa~Y a ca"pa^'cs u ~~eQ~mGafo~esaid or
d'uect; and all (ir~ and w:ncJuo~m insuranct pol:t:as o~ rny oi i+d build~~gs. ~ny Mtere?~ tl+aein oa pu1 tl~ereof, in fhe ~g ~g
in ~xcess thrreof, snali cont~:n t!» usv~l ~ea~ulsrd mw~qayee cla~se w such otl~ clauss as tM Mo+t9~pee m~y requ.r~. nalin~ tM bu undc~ sa~d pot?
c'Ka, each and t+n+Y. WYab!~ ro sa~d '~ORiGAGEE as ~tt intcrest may appear, ~nd each and every such poGcy sLall be pranpdy augnrd and de:~vered ~o
any he~d by sa~d MORfGAGFE as fu.rher secur~ry to sa7d nwrt~yt daLs. ~nd. not !eu lhan Ie~ (101 days in adw~xe oi tl+e eapi~at~an oi each policy. to c!r
liva to ssid MORTGAGEE ~ renewa+ thereof, lo~eti~t~ wirh • ~ece~pt for fhe premium o) :uch ~MCwal; and tt+er• shall b~ ~o f:re or windsro~~n :n~urance
placsJ on any of said build:r.st. ~ny i~tereit therein w part Ihereof, unless in tAe twm and with 1M losf paYablt as •fatu~d: a~xl in the evenl any s•~m
af monsy becomes payable undar such poticy w pol~cws a~1d MrJRiGAGEE shall hsve ~AQ 0~lfipf 10 (Ki~vt and apply ~I+e same a? account ol the indeb~ed-
ness setv~ed hs~eby w 1o pcrmit ssid MORTGli1GORS to receive and use it o? any pa~t thzreol lor otn~r purF~os~s. Wt.FOJT th_~.u~ ~vs~.~~i~ .r ~~~~W.~-
;n~ ar,y equ;ty, I~en or right uoder o? by virtue of Mis matgagc: a.~ in ~he evw+~ s+~d MURTG.IGORS shatl tw any reawn fa;l to kcep the said prcm:s=s so
iniwed. w fail w deGver promptly a~Z of said potKies of insurancs to sa~d MURTGAGEE. or (ail p~omptly to p+Y fully a~y p~e~n~uR. ~Fxre!o~ a in anY
respM fait b patorm, d~xMrgs, execute, effect, comp~ete, comply w~th snd abide 5y this :ovenaM, o~ ~~Y W~~ hereof, sa~d MORii3AGEE msy p~xr a*y
paY for urch insurance or any part thsr~w~hov~ aivm;m~ediaelyfdue and pay+ble ~nd sF+allu~b~c~ar int es1 from the datevthercoffuntil paidtat9the+r~e,o1 ~
full amovnt of each and evs.y wd? p+Y '
nine pN centum pt~ anrwm ar.J to~ether wiih suth inte~es? sha~l be setured by 1M lien of IF.is mortg+ge• '
To pt~mit. commit a su(fer no v?aste. imWirment w dcteraration of said ptoperty or any p+n 1he*eof.
5. To paY al! ~nd singular •hs costs, charges and expens~s, including a rcasww'~te attw~ey i(ee and costs of abstracts of tiNe. incur~ed o~ p+~d at
a~y time by ssed MORiGAGfE, becavse d in the event of t~x iailure on the pa~t of 11w said MORTGAGOR ro duty, p~ompNy and fuUy pNfo~~te 1and ~hiu
exrcute, etfM, romplN~, compty with and ab:de by eath ana every the stipulaf~on~, ag~eenKnls. cond~~~a+s• a^d co`ro^'^~s of ss~d prom~ssory
mor~gage amr a c:•her. ~nd said ms~s. clurgss and eapenses. each and every. shall b~ immediately d~e and payabfe: whether or ro~ there be no+ke de
mand. atxmpt to cotlect ot suit pend~ng: and the tull anwuM of each and tYery s+?~h Parmenl shatl lxt. interest irom the dare thereof until p~id ~f the
r.+~e of n~e per cen+um per amwm; arxi alt said co:ts, charges a~d ex~rnses incu~red w pa~d, ~ogNher wnh such interest, shall be secured bY ehe ~ie^ ~h++
~nortyagt.
b, Thst (a) in the evea~ of any bre~ch ~f this Mortgsge w defauh on the part of the MO~CTGAGOR, or (b) in the ev~^1 +^Y of sa:d sums of rtanry
h~rein reEarred to be not promptly ~od iv11y paid withio ~huty l30) days nexe aiter the same xveratly become dve and payable. withou~ dema~~d w notice.
or ir~ the event exh and every the stipulations, sgreements. sonditions and covenants oi said promiswry note and th:s mor~gage any w e~the~ are no1
iuly, promptly and Fully pcYformed, d:scfwrged. executed, eifected. compkted. complrcd wit7~ and abided by. ~hen in e~ther or sny su:h evem tl+e sa~d ag
g~egste wm mentioned in said promissort note then remaining unpafd. with interes~ acuued, and all moneys secured hereby. shall becwne due and pay-
able fw:hwith, w fhcreafter, at the option of said MORTGAGEE, as ivlly ar~d complete:y as if all of the said sums oi money were «gir?a~ly st~p~iated
eo be pa~d o~ s~xh day. anything i~ sa;d pro.n~sswy note w in this Nlatgage ro ~he co~trary notwi~hstand~ng; and thereupon o~ thereafter at the op~~o~ of
said MORTGAGEE, ~vithuut norice o~ demand, wit at law w in equity, there~we ot ~h~reafter begun, may be prosecuted as if ~II moneys xcured Fxreby
nad matwed prwr to in imtitWion_
7. 7hat in the evenf ~hat at the beginn~ng of or st any time pending a~y suit upw~ this Mortgsge, or ~{aKnlmeM of s Rece~ver.'such Courf sha~l
payment of any daims he~eunder, said MORTGAGEE shaii apply to fhe Court having jvrisd+cuon thereof for the appo'
For~hwith appanl s rKeiver of said mottgaged property aU and sir?~vlsr, includ~ng a11 arr! singular ~he income, protns, iasues and rcvenues irom whatever
se~rce derived, each ~nd every of which, it being expessty undc~stood, is hereby mw~gaged as if spec~fically set fath and desu~bed 'a+ ~he 9raming a~d
~ h3bendum clauses F+ereof, and such Receiver sha11 Mve aIt the broad and effective fv~ct.o:u ~nd pow~rs anyw~se emrusred by a Cuu~t to a Receiver, and
svch appointmt~~1 shall be made by such Court as an admitted equity and a matter of ahWlut~ right to s+~d MORiGAGEE, a~ without reiercnce to the
edequacy or ~nadeqwtY af the vafue of the property mortqaged w to tha soUr~+~cy w insorvency of sa~d AA~RiGAGOR w ihe defendanrs, and that such
re~n, profits, eocome, issues ar~d reva~ues sha~~ be app~ied by such R*ceivH aCCOfdu1Q t0 ~h0 ~~M Of ey~~tll of said MORTGAGEf and the p~ac~ice of suck~
COJA. . _ , '
8_ To duly, prompsly and fulty per~orm, d~uharge, exrcute, effecr, comp~ete, comply wi~h and~'abide bjr each and every the st ;outatiwu, agrcements.
conditions and co~een+ms ~n smd promissory ~ote and this mortgage set forth. _
9. That i~ the event tht ownenhip of the mortgaged premixs, or any part thereof, becomes vtsted in-a persw~ olher than the MORTGAGOR, the
h!ORTGAGEE. ita succass~s ar.d ass~gns, may, without no~ice to the MORTGAOR, deal with such succeuor o~ successw ~n interest wifh referen:e to this
mo~tgage and rhe deht he~eby secvred in the sarnz manner as w~sh tAortgagor w~thout in any way vit~ating or d~uharg~ng the Mwtgagcrs' liab~l~ty herr
u~der or upon ~he deb~ hereby secu~ed. No sale of the Fremises hereby mortgaged and no fwbearar+ce on 1he part oi the MORIGAGEE w its successws
o. ass:gns and no extcnsion of the time for the payment of the debt hereby secured given by the NIORTGAGEE or its auccessors w asc+gns, a~'u~1 ope~ete
to release, d~scharge, modifY change or affect tt~e orig~nal liab~l~ry of the MORiGAGOR herein, eithcr in whote or in part.
10_ It ~s spec~f~ca~iy agreed that time is of the essence of this contract and that no waiver of any obli9atac+ hereunder w of the oblgstio~? sr
cured hereby sha11 ai any time ~hereafrer be n<.d to be a waiver of the terms he..~of or of the irotrumem secured herby.
11. In add~t:o~ to the forego'ng monttily payments of princ'pal and interest required by :`~e promissoty no!e secured hereby, rtwrtgagur covena~ts
and agrees to pay to mo~tgagce vc~th each monshiy payr.zen~ an add.~iona~ sum es~~n~atrd by rtwrtgagee 1o be equat to 1%12 oi the annual cost of the follow-
~nc:
'i A-i~:! real property taxes levied or assess~d against the above descri,~,ed rea! estate.
~ B-Prem~ums on Fire and windsrorm insurance as here~n ?equ~red to be carr~ed en tF~e emprove+ne~ts situate on the above d-scribed pcemises.
f C-Premi_ms on such mortgage guaranty ir.surance as mwsgagee sha1l {rom t:me to time deem fit to carry on the ban secured hereby.
I ~fl,~s~,.,. ~1,a11 {rom time to time norify mortgagor wr~ting of the amou~t due and payabfe tsereundrr and such sum sha11 therevpon be due and
crrable on the d~e date of the ~ext monthly payment and each sxcean~.r ~nauh thereaft~r ur.ti! mortgagre shall notify mortgagor of a change in such
~~,our.t. Such sums sHa:l be app!~.d by mortgagee toward the payment of real property ta:es, ins~rarxe p~em•u+ns, and mwtgage gvaianty iwsurance
~'CnliIJTS-
IN lV1TNESS VlHEREOF, the sa~d MORTGAGOR has hereunto set ~~s hand and sea{ the. day and .~ear fint aforess' ~ / ~ ~
Sigrkd, ~aled and delivered in the prese.~ce f: fILEl1 AM:, ME.C~)aOE~ ~"t,
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STAlE OF FLORIDA ~ I)Q(]~~
~w4~
~~uNTy o~ S~ . Lucie
Before me personally appeared 7erome g Va11 B ar~ eom a^d
RR`pma r7
v~,~_$Z a r i r~nm - his wife, to me well known and known to me to be
the individvals desu~bed ~n and who e:ecuted the foregoing instrument, and acknowledged before me that they executed the same for the -{~urpous
rherein e~prased. And the sai • •
wife of the said Terome B Van glar~ com _ v~«,~~~~t~er~nd:~p~rivsre
examinat;on by me taken scparate and apart irom her s+~d husband, atkro~rl ed to and before mt that she executed sard'kdlr +^a'-YoM?^'
ranly and without any computsion, constraint, appreF~qry or fear of a frwn her said hasband. _~~~ii~
Lil p ,~St '1L"~-
WITNESS my hand and offic]af seal this day of U_,~i . ~
~ . S-*J ~t ;
_ h G~ Cr_~Qrl! ' - ' _ _ -
Notary Public in a++d for tk+. Sta~ of i~citla at l~rgF..-'.' ;
My Comrn~uan eapires: ; : 3.~ i ~
Return To: NdTARY PUBtIC, St3tc o•F s
~r7di~
~t~a~~,
Finf Federal Savings 3 loan Associat~on ~Y CQ:~ ~:i55iOn Eic~~t~ ~
Of fort P~erce. ~^db Dy AUTO OMlt~Epg y`pu~iL,a•~' q~•
iort P7e ce, F~orida -'_?)1i~ ~
~ ~ 1~
N
Y
This Instrument Prepared By Ric}~ard K. Ka?yes
First Federal Savings b Loan Association
of Fort Pierce , Florida
Ch~ccked By~- ~ ~
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