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3. To plac~ u~d contiewwslY k~~P a+ th~ bvildirgs rww a{+~re~fr~r ~itu•t~ on iaid land a~d on aQ pii~++f ~nd pNwnalfy cova~d bY lhis matp~ :
.9+. witA all pr~miuMa tMr~or~ pa~d ia fu14 fir~ i~swu+ce ~n tiW usu+l ~u~dud po~ky form, in e aum ~PW« ~~~R( ~~µORTGAGEE~~n++y ~
inswM+c~ in ~M uwal at~nda.d policy fwm, in • wn+ app?owd by tM NYOR~GJIGEE, i~ wd? wmP+nY
dir~ctl and a8 tin and wlndslorm ins+uann PolKi~s on any of said buildu~pi. ~ny Inter~s~ tt+erein or parl tMr~oF, in f1~t apqrt9+t~ wm ~la~s+id a . ~
to ~xoas thereof. aF+all contstn Ih~ viwl sundard n+orty:~ cla~?s~ a wch otha cl~uN ~s,~M Mwtqa~N m~Y ~«W~. ~°^d°~
cie~. ~acb u+d ~w~N. WYabf~ fo i+id AAORTGAGEE u iq imereat maY appear, a~d each ~nd lvRry sVCh policY ~1+aU be prar.Wfy ass:gn~d +nd ddiva«d ~o
~ny Mld by s~id MORTGAGEE a turthsr sacu~ity to said ma~9aQe debt, and. nof !eu iMn 1~~ (10) days in adwnu of tM expir~~ion of ~ach po!'~ty, ro dr
I~ver to ~aid MORTGAGEE a rs~ewal thKwf. ~op~~ha witA • rece~pt fw 1M pnmiwn of such ?~newalJ u+d tMn sMll b~ no fu~ or windstwm iruw~nc~
pi~pd on any of s~id bulldi~ga. any in~ernt thwtin or parl th~reof. unleu in +he form and with 1M lou p+Y+ble ~3 ~FW~3~~f i~ <<1 fF.f ~vMl ~ny swn Y
of nwn~y becomes p+Yabh onde~ svch polky or polkks wid MORTGAGEE shalt haw ~hs~ optan to r~ceiv~ and apply tht same oo xcauel of th~ M+deb1~
nsaa s~tvred M~eby ot ro pamit faid HiORTGAGORS to ~ctsiw ~rtd vse It w ~ny part thereof (w other purposes, wilhout thereb~ waivin9 a~mpair•
inq ~ny pv;y, It~n w rt~ht w,d~r w by virtw of ~hes morty+~i u+d in the went uid MORTGAGORS shall for +ny teason fail to kesp the said pnmises w .
insured. at fafl ro dslive? pramptly u+y of said p41`ciaa ol iroursnc~ to said A10ATGAGEE, a fail pramptly to paY fully any pr~mium tM~afa ar in any ,.r
rosped .lai1 to pafwrn, d~scAsrye. ~xecutt, effed, comptet~, ca~nply wiM and abid~ by thts covenarit. o~ ~~y parf her~Of, wid MORTGAGEE msy placa +nd ~
paY fw such 4+suranc~ ot any pa?t ?litnof withovt waivinp a aifactinp a~y oplion, lien, equity, u ~igM vnder or by viAw of thti Mat~sag~. and tM
full amount of tach a~! every svch paymem thall be immediately due and p+Y+ela and shall kxar interes~ from ~M dat~ tMreof vntil p~id a tM raN ol
nine per tentum {Kt annum ~nd togelher with such interost shall be secured by the fian of this mortgaga .
1. To permit; oommit or fuft~r no waste, impairme~t or deterwrat~on of said p~ope?ty a+~Y P+~ t~pf.
s. To P+r ~M ce+n, ch+.qes "'d •xve^'e'. i"ct"dinp a re+sa~+bb atwrney's fes and co~ts of ~bsnacts of titl~, inw~r~d w p~ld st
any time by ;aid MORTGAGEE, beuvse w in the event of the fsilure on tht pa~t of ~he ssid MORiGAGOR to duly, promp~ly +~d fv11Y px(orm, dischsrgR
execvte. ef(ect, compkte. complY with and. ~bide by each and every tho stiputana~s, apreeax.+ri. conditio~a, and covenants oi ~+id Pro^n~ssaY ^ote +^d thq .
mertgag~ any a eifher. ~~d aaid ousts. ch+rges snd sxpenses, ead? ~nd ~ve?y, shall be immediaroly dw and payable: whalher a nof th~+e b~ notic~e dr
mand. attempt ro uollect w wit pendinqj ~nd tl» fv~l amoum of each and evary wch WYrn~m ahall baa. interest from th~ dat~ th~reaf until paid ~t th~
rate of ~~ne per centum per an+wm; u?d atl said cosri, charpea and rxpenses incvrrrd or paid, tope~her w~th such ints~e~t, sh+ll be secured Dy the 1"»n of thq .
mortys~w
6. Thst (s) i~ the evenl of ~+y brcach of thi~ Mwtgag~ a default o~ the part of the NIdRTGAGOR, or (b) in ~I+~ eveM a~y of sa7d sums of mo.~eY
hercin rofened ro bs not p?omptty and iullr paid within thi?ty (30) dari next after the ssme seraaNy bstome due snd P+yaW~. without dem.and or noiite.
or {c) In the eveM sath and eve?y tM stipulaiwns, agreementf, conditio~s a~d <ovenants of ssid qrort?issorY not~ s~d tAis ^wrtQsp~ ~ny q eithtr a~~ nol
iu1y, prompHy and fulty per(ormed, d~xharged, execufed, eifected, compkted, camplied w~~h snd ab~ded ~ay. lhsn in e~ther o? sny svch ewnt tM iaid ~g
gregate wm mentioned in said promiuory note then remaining u~paid, wish imerest accrued, and a11 mo~eys aecured hereby, shatl betortw due +~d P+Y' .
eb:e forthwith, a thereaha, at ~he option of sa+d AM1ORTGAGEE, as tu11Y a~d comp3e:dy s~ it afl of ~he wid sums of moeey wer~ wiyin~lly sfipul~ted
to be paid o~ such day, anything in u:d p~omissory note or io this Mortgsge Jo the contrary ratwithstandi~sgt and there~poe? ot thereafter at tM option of
sa~d MORTGAGEE, without noT~ce or demand, suit at law a in equity, thereiwc or thertafler beg~n, msy be p~osecuted ~s if all maays sacwed Mxeby
r.ad mafured priOr to its institution. '
7. That in the event fhat at the beginning of or st a~y tir»e pendi~g any suit upon ~his Mortpage, o. ro foreclose ir, or ro roform it, a to enforp
paymeM oi any claims he?evader, said JNORTGAGeE at+sll apply to tFx Court ha~ing jw. ~sd~c~ioo thereof for the appantrt?ero of ~ Rcceiver. such Cowt shall
forthwith appoiM a reteiver of said mortgaged p?operty aU snd sinyuler, intlud~ng' aN a~d singul~r the income, p~of~~s. issues e^d rever~ues irom vrhafever
source darived, exh and every of whkh, it be+ny expressly undentood, is hereby nwrtgaged as if spec~fically ut fa~h and destribed in the 9rantiny u~d
habendvm claussa hereof, a~ suth Recaiver shaH have ail the broad and effecrive funcnons and powers in snywise emrusted by s Court to ~ Receiwr, snd
such appointmmt iF+all be made by wch Court as sn admitted eqvity and a maiter of absofute r~ghl to said MORiGAGEE, ~nd-without roferenoe to th~
adeqvacy o~ inadequacy oi the valw oi the property mortgaged or to the so~ve.~cy or insotvartcy oi, s~~d MORiGAGOR a the defendants, end that sucl~
renu. proEi!s, income, iuves and rever~ues shall be +pFlied by sucfi Receive~ accord~ng fo 1M lien a equify of taid N10RiGAGEE and the p?actiu of such
Caurl. , . _ .
8. To duly, promptty and fully ptrform, d~scharge, execute, effect, compiete, cof~ply witb and abide.by each aod ev~r1? th~ sfi~wlations„_ ag~eeme~?ri,
conditiorq and covenants in said promissory note and this mortgage set forth. : r ~ ~ .
9. ?i~at in the event the ownership of the mortgayed prem~ses, or a~y part thereo{, becomes vested in ~ pe~ton otEN? lhan 1he MORTGAGOR, tl»
N.ORTGAGEE, its succeuors and assigns, may, wi~hout ~oticc to the MORTGAOR, deal wit?+ such succeuor a wccessar in inte~eit with refe~e~ce 1o thq
n,o~sgage and ihe debt hereby secured in tha aame manne* as with Mortgagw w:thaut in any way vitiatiry or discharging the Mottysgors' li~bility hsta
unde~ or upon the debt he+eby secured. Pio u!e of the premises hereby mortgaged and r.o fwbearante o~ the paA of the MORTGAGEE ot iri suuessors
or assgr+s and rw exre~+sion of the +ime fw the payt*~ent of the debt hereby secvred g~ven by the MORTGAGEE or i?s sucussots or ~uigns, sF?e~~ oper+tt
~o release, discharye, modify change o? affect the original liaoil~ty of thc MORTGAGOR fierein, either in whofe or io parf.
10. It is specificatly ag*eed that time is of t0u euence of this corttract and tFwt rw waiver of sny oblgatwrt hueuoder or of ths obliyatan fe-
c~red hereby shalt at any time thereaiter be held ro be a waiver of th~ terms hereof w of the instrwneot secwed herby.
11. In add~tio~ to the forega:rx~ me~th!y paym~nis of psinc~pal a~d '+nterest required by the prart+issory note secwed hereby, morfga9or cOVensnfs
and agrees to pay to mo~tgagee weth each mo~thiy payrnent an add~+anal sum estimaled by mortgagee to be equal to 1/12 of the annua! cosf of the follow-
ir.~: _
/,-/~~.(ea) P(p~C~~ 1dIlt ICV1@d Ot iS3E411'd i~~i!1i~ IEI! abOY! ~EK+~~ fCa~ HtdFQ.. : . . ~
~ B-Fremiums o~ fire and windstorm insurar.ce as herain requ:red to be carried on the improvemeats situate on the above desaibed pte+oises.
~ C-Premiuma on such mortgage guaranty ir:surar,ce as mortgagee shsil frog~ t:me to time deem fit ro cury or? the loan secured hereby.
Mortgagee sfiall fran time to time notify martgagor in writ:ng of the amoum due and payable hereundsK and wch sum shall thetevpon be due and
~3yabk on the due date of tfie next monthty payment and eacfi iuccessive month thereafter untit.mongsgee shall nofify morlgagor of a change in wch
~•,oun/. S~ich svms shall !x applied by mortgagee roward the payme~t of reat property taxes, ir+svrsnce premi~rt~f, and merl9sye 9uaranty inwrsnce
:rerniums. - _ _ _
IN WITNESS WNERfOf, the said MORTGAGOR hss hersunto uf his hand snd seal the day and ysar first ~foresaid.~
Signed, Sealed and delimed in the pesence of: / LEO ~N REC ~ ' - ^
, ~ ~ s~.LUCiF °co uT~~~~~. : ~
~ ROGER 0 ~ ~ Will iam F. Eze q
CLERK C?ACUIT 601{RT ~
1 R~CQRO YEptFIEO Juciv I. Bzell
. (Se+n .
;TATE Of FLORIDA ~ ~ • ~ 50 ~'Z~
Lucie ~
couNnr oF St . ~(]~Q
Before rne penonally appeared ~1111atH F. EZ@11, IVV~JV~~ ~
JudX I F-Zell - his wife, to me well known and known ro me to be
!ne individwls deuribed in arx! who x«u ed tbsZeqepou+g instrurnent, and ecknowiedged i~efore me that thsy executed the sartre for the pwposcs
rt~erein expresxd. Md the sai '~~y E 11 •
++~fe of ~he said 1~tilliam F E2e 1 ~ upon a separate and priv~h
examinat~on by me talcen separate and epart from her said husband, ~dcnowledyed to and before m~_that the exewted said instrunwnt froely and volurf
r~~ily and w~thout sny wmpulsion, constraint, app~e nsion, or fesr of w from her said husband.
W1INESS my hs~d and officisl sesl this day of OCtObe q, D. 19 ~4
?
~ 'C ~G~
' Public in ar~d fo~ the ~tats of F id~ ~t
~ Commisian expires: ~n
Return Ta ~~f~~t~ ~ - "i.'" •S;i.'
Fint federal Savi~gs 3 Loan Associatian
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Of Fort P.erce. = 3 -`-''f' ; i~`'
~ - `~.~NNqr,lj ft''
fort Pierce. Flwida : i 't ~ ~ " r.
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This lnstrumeni Prepared By John W. Collins =~~,.t~~;;?~' '~':;~k~~<.:
First Federal Savings ~ loan Association - ~r~~' • ~
F1ar ida .A
- of Fort Pierce~ ~.`•°,~(je..` ~
~o~K 233 P~ 280 i ~ . . ~ - ,
Checked By ' -
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..,~<<4R~`0 ~1.,
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