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1 a~+d I covtr~d by this nwrt¢ '~.1 C
S. To placr and continuouslY k+~P ths bu'td"'~ "°w ~'°f°~i~K aituste on sa~d Iand and o~ dl equipmen pvso^~ N _ ~
ys. with ~11 pamiu~.~ t?Kn~on W~d ~n h+14 (w~ Miv~MKf ~n tM wwt iundard pot~cy tain. in a svm +p~«
b~~Ri MGE~Ru~d.,~u~ds~~y ~ ~
~nsw~no~ in M» usWl srandard P~?~:cll fa~n. i~ a sum +pp~ovd by ~M AFORi ~
GEE. in s~-h coR+panY r t~ w~n afonsaid w ~
d~recrj and all i'vw ~rd winds~w~++ iniw~nu Po?icies on ~~y of said bu~ld~ s, ~ny inraas~ the.ein w pa~1 th~rwf, in tM +yp ~9+ ~
in cxoe» N+e.+of. s1»II cmuin ~M uswl s~andud mor~gagt~ dws~ or such o~i+K davs~ u tM Mat~agN nwy r~q~ru~, maMinp tM bu u~der swd pdF ' ~
c;K. ca~h ud we~y. p~yabl~ p iaid 1NORTGAGEE aa ~ri ~rerest may aNpaa~, a~~d each ~nd every ivth pof~cy shall be p~ompNy ~ss.g~+ed and deliveretJ ~o
.ny held by said MORTW?~E ~s fw+Fw~ sscwitY ~o s+~d ~nut~~ d~b4 and. ne~~ leu ~hao ~rn (101 d~ys k+ advsnce ot ~M sxpirat~on of each pol~ey. ro da ~
;;~,e. ro s+;J hWitiGAGEE a rsnew~l ~l~er+of, tc~yed»~ with a rata~pt tor tha premiu~n of sucb ren~w~1; and thsre shatl t» no f:re or wir+ds~aan insw+~+c~ ~
p1~ ~~y ~ w;~ a~y ~~t the~~n or p~~i ~hc.eof, uni~S~ in ihc iam and w~~h ~he loss p±vable u afa~s+id; and in the event any ~uen s 4
of money bec~s payab~ ueder such policlr o? Va~e~s sa~d MORiGAGEE sAall Mv~ ths op~an w ~ecaiw and ~pp1y tM s++m on accoum of ~h~ ind~bted~ ~
n~~s yKyred h~r~py p q pum:t said MOF,Tr'iAGOR$ ro tecr:ve and uss it or any {~an thereof !or oiher purposes. w~thaut therco~ waivi~~ or ~~np+ir- ~
~^9 +^Y ~~11. lie~ w~ight w+der w uy vutut of thia ma:t~s~e% a~d i~ the event w~d MOR(GAGORS sFwll !or anY reason faH 1o keep tF+e said p~M+uses to i
~nsvrcd, or fail a deliw~ ~a~nptlr any oi s~d polic~ef o) insu~anu eo ssid MORiGAGEE, or iail promptly ro pay fu11Y any p~e~+ium therefa w~+~1r . ~
respea i.il b pKform, diacFwg~, e:~cut~, effett, comple~e. canply with ~nd ab'~de by th~s cvve~ant. ar ~ny part hareot, sa~d MORTGAGEE may plaoe and 2
t*?r ior wch irow~nc~ u a~71 D+h ~hs+eoF wi~houl wair~:,~ a a~fa:s'c.~ any aY::~n, lien. equ~ry. a ri~ht vrsder or by vi~t.se oi this Mat9apt. u~d the
f~•'I amoum o! eacA ard ~~~Y ~ P+y^~"t shall be i,nrned~ately due and psya6le aod shafl bear ?n~aast f~om ths daq thereof u~til p~id at 1Ae ah ol
~.~e pe+ ce.~~wn pa a+sswm and ~ogesAer v.:rh wch inee.c~i shafi br s~c~:rd by the I:en o( th~s mor~g+ge.
1. To permit. cannut or wifer ~o wute. impair*nc~t or dete~~oration of said prope~ry w sny p+~t the~eof. ~
F
S. To pay stl aad singuta~ Ihe cost~, cMrges +~d expensrs. inct~+d~ny a reasonabla attorney'~ fee snd coats of sbsn~cts of titl~. incuned or p~~d N i
iny tir+-.e by sa~d MOlt1GAGfE, because or in tl+e event of ~M la~iure a~ the parl of the s~id MORIGAGOR b duly, prompdY +nd fully pe~fam, d~schu9R ~
e,ecvte, effect. oon~kre. comply w~rh and ab:de br each and every iF+e stipua~~ons. agrcemenn, condi~ions, and cove~+nn of said pomissory note ~nd ~hii ~
r~~9~ y~y a ~;i~. a~ ya;d co~rs, cF~uyes ux! eapenses, cach and every. shall be irnmediately due and paYabte: whetFKr a not •Aert be notie'e dt
r;;ar,d. u~empt to cuikct or wit pe~+d~ng: and tM full amovat oi each and eve:y such payment shall bea. in~eres~ trom the d+ta thereof w?til paid at the
•-re o; n:ne pe+ crnru~n ps+ an„~.n; and a~! said cosrs, chatyes a~+d expr~,ses ~ncu~~cd o? paid. togett.er with such in~erest. shall be secured b~r tM lisn of thu
mort9aye-
a That in the event of any brcach of tnis Mwtgage a defaulr on the part of the MORTGAGOR, or (b) in the event ~ny of said sums of money
Arrein referred b be o01 pranptly u~d fulty paid wirhin thirty (3J) days nexf after rhe same sewratly becornt due ~nd payable. without dam+nd w rwtice.
cr (c) Sn the erent Nch sr.d every ~he st~pu~stions. agreements. cwul~ra~+s and covenan~s ot sa:d p~omiuory note and th:s mortgage any p either a~~ no1
iuEy. prornpNy u+d futly pe.(ormed. d.scharged. executed, eifecrrd, comPteted. ca~~,:~ed w~+1+ and ab:ded Sy, then in e~~her a any such eve~t 1he sad a~ -
gregate wrn n+tmioned ~n uid pranissory ooro tfien remai~i~g unpaid. wifh imerru acaved, and all mwxys setured lKreby, sMll beco.ne due ~nd palh
ab r ferrhwith, a rhereafter, at the opr:on of sa~d MORTGAGEE, as fu~ty and comNletoly a~ ii all of the sa7d wms of money wsre piginally stipulated
to be pa;d an wch day. anyth.ng in sa.d pro-~*+isswy note or in ~his hlorfgage fo the con~rsry ~otw~~hstand~ng; and thereupon w thereafte~ at the opt~on of
sa:d RWitTGAGEf. without oorice or demand. suit at law w in eq~~ty. tAereiore or thereaircr begun, maY be lxuxtuted as if ~II ma~eys sa~ured hereby
n~d matwed p~W~ Io ~ri institut~on.
7. TAat ;n the evrnt r1+at a~ she begt~~:^g of w at any t~me pend~ng any su~t upon th~s lNwtgage, a ro iweclose it, w fo roform it, w to enforce
~aymMt OF sny c~aims he.eunder, se~d M~QTGAG~E shal~ appfy to ~he Cou:~ ha~~n9 i~~~=d,c~~on ~hereof for ehe ~ppo~otment of ~ Receiver. such Courf shall
i.~~hwitfi appant a re~e:ver of u~d m~ ?gaged pro~.~rty ati and si~gular, inu..cl:ng a~i and s~n~ula~ the income, p~ofits, issues and revenues irom whatever
s: ~•ce de:ived. eacA and evcry of w~:ch. ~f be~~ e:press~y unden:uod. ~s !~~reby mer~gaged' ~s if specificaL'y set tath and described in the granti~r,~ and
h3Ynd[Nt1 C~aVSl1 hrrrof, and such Rccei.er shall haYe all tbe b~cad artd eFfect~ve fur.~::ons and povers in anywise enh~rsted by a Cov~t to a Receivw, and
~:.ch appoinfinenr sha11 be made by such Cevrt as an adminc.. `quity a~xl a mattn of a5sdute ~~ghl to said MORTGAGEE, ~nd withoul reierence to the
•_dequaty or ioadequxy of the velue of the p~ope~ty morigaged or to +Fe so~~+vr~+cY br ~nwl.ency of sa~d MORiGAGOR a the defendants, and that such
r:^,s. prof~n, tncome, issves and rerenues shall be aFplird by such Recaiver a,:aord~,~g.~o the fien oc equi7 of said AhORiGAGEE and the praaice of such
Ca,rt. .
B. To du!y, promptty snd fukly pafo.m, diuharge, eaecute, effect, comp~rie, comply w~th ~nd a5~de by each snd every the stipu(ations, agreements, -
.~;.3~t;or» and corenants ~n sa~d p?a'r.isswY note and this mor~gage set f«~h_
9. That ir+ thr rven~ ~he awnerst.~- of the r.wrtgaged prern~sr.~. or any part thereol, bccomes vested in a person other than the MORTGAGOR. th~
ti'.~RiGAGEE, i!a auccrsson and aas~gns, may, w~:hout +w~Ke to ~hr MORTG~DR. deal w~eh such successor a successor in interest with refere~+ce ~o this
..,o•tgage and the debt hereby secured in the same manner as with Mo~tgagor witMsut in any fray viiiating ot d~scharging the !aortgagori liability here-
;.~:~e+ or upon ~he debt hereby xcured. No sa'.e of the p~emixs hereby mwtgaged ar.d no Iwbe+rance on the part of the MORiGAGEE or its svcceasors :
c• a:a:gns ar+d no exrer,s:on o! rhe t~me fa ehe payment of the debe hareby :ecured g~ve~ by the MORTGAGEE or its svccessws w assigns, sh+~~ oper+te ,
ro re+rax, d:xharge, mod~fy chenge or affect tF~e oriq:nal I+au~Lty of tix MORTGAGOQ herein, either in whole or in put.
10. It is spec~fKaliy aqreed that time is of the esxnce of ~h~s confract and lhat ro waiver of any obligetron hereunder a of the obligatan sr
c,,red hneby sha:: at any time thereafter be hc'•d to be a waiver of the !erms hercol o: of the instrumenl secured herby.
11. In a3dn:o~ to tke fo~ego: y9 ^o~an:~ Efay^~~:nts of p-i^c p~l and ir.eerest r~qu~-ed by the pronrissory no~e sec~red hereby, morfgage+ eovenanes
sgrees ta ~ay ro ~rart~ay~ .+:rh ea:h r.,:,n:h:y ~.a~~;:ent an ad~:~~or.af svm es'=::iated by mortgagee to be equal to 1/12 of the annual tost of the follow-
A-Ati rea~ ~ropertr ta,c.s :evied or assessed e~~ir.st ~he a6ave descr~bed real esraee_ ;
B-Ft~Cm~u'n5 Otf firt and ~vindsro-m ins:.rar.ce as here~n rcqu:red to be tarrird on tne imprweme~ts s~tuate on the above descr~bed pre.~nises. ;
C-pre~t„ums on wch m.actgage g~arant,r ;nsvar.ce as mutgagee shal! frcm f~rne ro rime deem fit to w+ry on the loan secured herebY-
Mortgagee s6aii iro:n ti-ne to t~~a? r.o+~i r To+r~eqe~ ~n v,r~r,ng of ~ix a~::o~~=t d..e a~d payabte hereunde~ and such sum shall t}+ereupon be due snd
.~~~e on tFK d:,r oar_ of th- ne+ce ~nontr:y paymem and each successive mo~~h ~h.ereai~er ur.til mortgagee shall ratify mortgagor o( a change in such
a~~x~nt_ Svch sur:is stia~l be appiied by marr:ayee roaard the paymem of ree~ property ta~ees, insurance p~ern.ums, and mwtgage guarant~ insurance
~ •e~:uum.s_
IN \YITNESS YeMEREOF, tr.e sa~d M02TGAGOR nas hereunto xt his hand and seal the day and +r first sfwesaid. _
a deJivered ~n N+e p~esente of: • +
•n ~
- _ - ' ~ ~
- - ivia A. Mar in en
S"ATE OF FlORIOA ~
St. Lucie ~
;~uvn oF
eefwe me Pe.so~atsy appeared Hans R Dtat ~nsen - 3
Olivia A. Atartinsen '
his wife, to me well known and k~owll.-io.wrc to be s
the indiriduals desctibed in and wM e,cecuted the foregoir~ instrument, and ackrpwledged befote me iF?at they executed tF~ti ~i~.I`
I/~" ,
therein ~ ~ a,a r~ ~livia A. riartinesen ~ _c,Zi = 'xl ''~i~
~ .
N~re of ~he sad E{ar_s R. Martinsen ; ~,'~,~,,,:f~.~1~r.a :
e,~am;nat:a~ by me taicen separate and apart from her sa~d husband, xknow!edged to ~nd before me tF?at she executed sai~~i's'u~'~"~ ~
rer~iy and w:thovt sr~y co-np~+ision, cons~ra~nt, apprehension, fear of or f.om her said husband. = i~
i:= b
,3 Se tember ~y...." O~ 1F?-~~~~.
1YITNE55 n~r h+nd and offic;al seal this- day of !
_ . _ d; ~ ~'y ~ _
; .fi ~t'-.i
No ry Public in and for the SU ~~d~_ r~I;~''~~~
~ ~
Retum Ta Cortrniuion e es: ~a~~~~~[1S~Q~~`,ar~
p~,~~. ~ ~Q-
<< .
Fint Federal Savings a losr+ ~?ssocaYron •~'~.!~lq11111?N~,,
Of fort P+eKe. i`'j i~ •
y^F~=•"'
Fort Pierca F:wida ~ ' ~
' t ~
This Instrument Prepared By Gary F• Ellwood , ~M 2~1549
Fint Federal Savings Loan Association ~ ~ ~ ~t~
of Fort Pierce ~ F lor ida 33450
r
Checked 8Y`'~ ~7'~~ ~ /f 7 $QOX~~, PACE~ / ~7 /
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