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S. To p3~ and contin~wvsly kHp on th~ bu~idinps now or hH~aftN iih?a~~ a+ iaid iand u~d on ali equip~++e~?1 ~nd pKwn+lly cov~nd by ~hii awrt~ ~
•g~. with ~11 pnmiwns tl+a~a? pud 'u? f~ll, ti~~ i~uvranc~ ;n IM vwal ~undard polity form. 1n • swn approv~d by the MORTGAGEE, a~ winditam ~
~naurana in tM uiwl atu~dsrd pol~cll fam, in •:uen ~pprowd by ~I+~ MORTGAGEE, in wch canp+nY p caanP+^~y ~ th~ MORTGAGEE n?aY ~
directl ~nd al) fu~ and wind~a.m inwr~nu policies on ~~y of iaid bwWinqs. ~ny ioMrpt tMr~in w put IMr~of, in tM pp~eyal~ sum a~ores+~d u?
in exceu tl~~of, ~Mil contaln tM usval sundard mor~ysp~s ciaus~ w iuch aM+ ciavs~ it tM Matpaq~ m~y rpuir~. m+ki~Y ~M bu ~^d~ s+'d Pa~
cies, ~ach ~rd eve~y, payabl~ ro s~id MORiGAGEE u iti intere~t may ~pp~a~. ~nd e+ch and ~very s~ch poiicY sAa~~ b~ P~a^P~~Y +u~9^~ +^d ~~'verad to
•ny held by ~aid MORTGAGfE ~s furtha s~cv~iryr ~o s+id mortQap~ debt, and, ~wt Nss ~Mn ten (10) days ln advuic~ of ~F» ~ap'a~tan of each policy. to dr ~
liver ro uid MORTGAGEE • r~Mwal t1?Keot, topNhK with • r~ufPt foa ihe pnmium o( fuch r~newalj ~nd tM+s shall M no fu~ a wi~dstorm insunntl i
plsc~d on ~ny of aid b~ildirgs. u+y fntaest tlwnin or pwt the.wf, v~ku in ~h~ fwm and wi~h tM bss p+Y~bie +s ~for~saidt Md i^ ti» evenf any wm
of nwn~y becorMS paYaWe untM~ wcA Po1kN a Poli~s i+id MORTGAGEE shall h~w tM optic~+ ro r~ttlw and ~ppty tM s+n+~ ao +«a+m oi ~M ind.W~d'
neu ~tw~d Mr~by w b ptrmit said MORTGAGORS to rettive and uw it w a~y pait thereof fw otFer purpoies, without tharebr waivi~~g a~mpair- ~r0
ing snY e~ity. lia+ w ri~ht urxk~ w by virtw of this mottya~~) u?d ln tM ~venl said 1NORTGACyORS shalt fa any ~son .a^I ro ke.p ~F+~ ~.~d premtses +c
insured. w fsll w deliv~r promptly any of said polities oi insuranu to s~id MORTGAGEE. a iail p~ompty to p~y ti Y W~^w^'~ therefa a in u~y ~
respect fail b pMfwm, discharp~. ~zecute, effeN. complete. comply wi~h and abid~ by ~Fus coven+nt, or sny psrl t~snof, said MORTGAGEE may place ~nd
paY fa sud? insur~nc~ u any paN therwf witho~t w~lvirq a affectirg ~ny op~~a+, 1'~e~, eq~~ty, d~yht under w by virtw oF this Morty+pe. ~nd tht ~i
t~tl ~mount of each ~nd ~wry wch paymMt ihall b~ immediatdy du~ and payabb snd ~hall besr intKest f~om tF~ dat~ thereof ~mtit paid at tM rab of t-
n~ne psr centum per srowm and togethe~ with wch ir?taest shaH be secured by the lien of thif monya~e.
1. To permH. oommit w suffe~ no wate. Impairment w deteriora~ion oi ~aid property w any p~h thaeof.
S. To pay ~tl and singvlar ti» coats, charp~s ~nd ~xpsr~ses, inclvdirq • reas«?~bb anon+ey's fee and cosn of abst~atts of. titt~. incvn~d w paid ~t ~
any time by said MORTGAGEE, becws~ or i~ tM swnt of the isiluro on ~F?~ pa~t of the said MORiGAGOR ro duty. promptly ~nd fvily periorm, d~sc.harp~ ;
execute, tffect, comple~~, comply with and +b~de by each ~rid evay tF+e stifwlatiw?s. +greeme~n, co++ditans, .nd ooveo+on of sa~d p.om7uory nwe and ~hl~
mortgape any w ~ither. and s~id cost~. charges and expK?ses. each ~nd evaY, shall bs immediately due and pay~bk: wMtt~ a oW then b~ notite d~
~,a~+d, utempt w co?bct or wit p~ndm9s ~nd tM f~11 +mount of eacF~ a~d evsry wch paYmem sh+ll bea. imerest from Ha date_tMreof unril paid at ti~e
r~re of ~ine per cenfurn pet aruium: and sil said twta, tharyef and~expenses inturred w paid, tosether w~th such iolerqt, sMll b~ satvred bp tM lien of IFin
morfyyl.
_ 6. TMt (a) in the event of sr~y bre~ch oi this Mort9s~e o' defauh on the pa?t of tM MORTGAGOR, o? (b) in the went uiy of ~W wms of ma~ey
herein nferr~d to bs not promptty and fuly paid within thirty (30) days next after fhe sems severalty btcans d~e and payabls. without demand o~ notice. i
or in the event each and every the stipulatio%, agreemenb, coeditions and coven+nts of sa~d promissory not~ snd t1w mortp+p~ +ny o? ather ar~ ~wl i
iuly, promptly and fully pe~fo+mad. discharged. executed, effected, compkted, complied witA and abided by, thtn in either or ~ny sixh wtnt tM said a~ ;
gregsta tum mentaned ln s+id promissorY ~+ote then remsiniry unpaid, with iMerost xu;xd. and all morceys sscured Iwreby. shsll beaome dw and pay~
able forthwifh, or thersaher, at the option of wid MORTGAGEE, u fully and completely if rll of tha isid wms of mon~y w~n ppindly stiputated
ro be paid on wch day. snything in sald p?on+issory note or 1~ this Mortgage ~o the co~rrary notwiths~andinp~ and ~herwpon or tMwreafter al the op~~on of ~
sa~d MOQTGAGEE, wirhout notice or damand, wit at I~w or in equity, thercfae or thereaher beqw~, may bt p?os~cuted as if dl moe~ri sen+red harebY - t
had matured prwr t0 iri iirititution. - ~ - ~ ~
7. That i~ the event that at the beg~nning of or at sny time pend~ng any suit vport thls klorfgage, or to for~close. N, o? to rlforen it, w ro.eaf«a
paymc~t of a~y daimt he?eunder, said MORTGAGEE ihaU •ppty to rhe Coun M,ring ~urad~c~an ~hereof fw ~M •ppo~nnna~t of s Receiver, wch Cowt s1+all
forrhwith appoiM a reteiver of said mortgaged p~operty a11 arx! singulu, irxludu+p all arid singula~ the inton+s. profits. isw~s and revenues from whatever
:c~rce derived, exh ~nd every of which, it beinp exprculy unders~ood, ia lrereby mwrgaged si if specifiukly sel iortfi ~nd described in the granting snd
habrndum davses hereof, and such Receiver shall have all the boad and effective f~ncnorts and powen in anywiu entrwted by a Court fo a Receiver, and
s_ch appoiotment shall be msde_by such Court u an admined eqvity Md a m.atte? of sbsolute rght to said MORTGACaEE. ~nd withouf referonce to the !
edequaq w insdequacy of the valus of the p~operty mwtgaged or to rhe sotvency or ~nsotvency of iaid MORiGAGOR o~ the defendants, and that such
ra~!s, profin, incane, iuues and reve~ues shall be applied by such Rrceiver ac~ordany to the lien or equity of s~id N10RiGAGEE and tM practice of tuch~ t
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Court. - ~
8. To duty, promptty and f~lly perfo~m, dischsrge, execute, effect, complete, comp:y with and abide by each and ~very th~ stipulaY~o~s, agreements, ;
cenditioro u+d wvenanes in sa~d promiasory twre and this mortgage set forth_ `
9. Tl+at in Me evem the ownership of the mort9aqed premises. or any part ti~ereof, beoort~es vested tn + Penon other than the MORTGAGOR, ths
M.ORTGAGEE, its successors and au~yns, msy, without ootice to the MORTGAOR, deat with s~h succes+w o~ succassor i~ intetest with reference to this
mJ~I~~! and the debl hereby secured in Me same n+anner as with Mortgagor withovf in any way viti~tirg o? ~schar~irg th~ Mwtg~gors' liability herr
under w upon the deb~ hereby seaured. No sate of ths premises hereby mortgs9ed and no fwbearente a? the p+rt oi,the MORTGAGEE w its wccessors
o~ ass~9ro and no ex?ension of the time for the paymem of the debt hereby secured given by the MORTGAGEE or ib wcusson or ~ssigns, sh+~~ opu+le
ro release, d;uharge, Rwdify change a affect tfie original liabitity of the MORTGAGOR herein, eitt~er in whole a in part. '
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10. Ir h speti(icalty agreed thar ~ime _ ii of the essence of rhia contract and that no waiver of any obl'~geYan herewxkr or of ths obligation se- j
cured hereby sfiati at ~~y time thereafier be hetd to be a waiver of the tcrms heraof or of the instrument secvred herby. - ~
il. In addition to the jorego:ng monthty paymeNS of princ:~a1 and interest required by tt~! promissory eote ten+r~d hereby, mortgagot wve~wn?s ~
and agrees to pay to mortgagee with each monthly payment a~ add~~ional sum est~mated by mwtgagee to be eqwl to 1/i2 of the annusl cost of the fdlow- ~
Ing:
A-AU real property taxrs Icvied w assessed agai~st the above desvibed real estate. _ ~
B-Premiums on f~re :nd windstorm insurance as ixrein requ:red to be carried on the improvements sitvate on the sbove descr~ed premises.
C-Premiums on such mortgege guaranty i~surance as mortgagee shsll from t~me ~o time deem fit to tarry on tF~e ban setvred hereby. ?
Mortgagee shail from time !o time notify mortgagor in writing of the amo~nt due and paysble hereunde~ +nd suth sum ahall ti~ereupon be dut ~nd ~
j r,,abin on the due date of the next monthly payment and each successive monsh thereafter until mortgagee shall notify rtartgago~ of a thange in_suth .
~ a~ount_ Such sums shall be appiied by mortgagee toward the payment of real property ta:es, i~surance prem:wns, and mortgage guaranty insurs~ce ;
{ p~emiums. !
IN WITNESS WHEREOF, the said MORTGAGOR has hereuMO xt his hand and seal the day and fint sfor id. ~
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` , Sea delivered in ptesente of:
rnes . ~ ep pr ~
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i - ~
- ~ ~iargo :~i Hepler ~,Q ~
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S~ATE OF fLORIDA ~ i
St . LuCle ~ ~
COUNTY OF
Befwe me personaily appeared Ernest L. Hep2er ,~,d ,
Ma r g o M. Ne p 1 e r h;s w;fe, ro ~,e weu k~o~, a~d knoWn ro me w be ~
f ~2 ;ndividwls described in and who xecvted tha f instrument, and sclcr?owledyed before me that they executed the ssrne fw tfie ~ purpoaes ~
~argo M.~~er ~ ~
rheroin expreased. Ard the asid - ~
~v~fe of fhe said ~%YIleSL 1.. tiepler P,;,,,,. ~
~>am~naYan by me taken sepante and apaA from her said husband, acknowledged to and before m~ that she exetvted wid i~strumeM freely and volun~
ra~,Iy and without any comp~lsan, ca~straint, appr io w feu of a from F?er said Fwsband. j
WITNESS my hand and officisl seal thi dsy of ~t~e ~ 19 74
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~,"S
Notsry Public i~+ and w t slt of ida at larp~
~ My Comrnasion'~xpires: .
Retum To: ~ ' I~
First Federal Savingi ~ Loan Assotiatioo
Of Fort P~er~e. RE~RpEp ~
Fort Pierce. Flwida F LEO ANO F~~ ' t
LUCiE COUM ' ,
IIOGER PO~TllAB ~ ,_~~~;,,rr::;f ~ . ,
CIE~ CIfiCU1T COUIIT ~:=r;;l~t~~+,~ *~il~,. ~ j
K s~:tftED .
- ~9.~ Q
RECdilO YE • ~
This Instrument Prepared ByJohn t~'. Collins
- 4i. ~J T.1 'f.t.i,t~~~ic,
First Federal Savings ~ Loan Association ~ 2 54 ~ :~~f=~ .`~-/;r:.' ;{+~r~-
of Fort Pierce, F lor i da =t~-._ ` ~-rs
~~,'~~-V~
~hecked By r1~-- . ~~'~y v
294368 ~ ; • _ _ .
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