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To plac~ snd contimwusly keep on ~ha bu~!dings now a h~a~iror uNaN o~ ~aid Isnd and on ~11 equipintnt end p~nonally covtnd by ~his ma1¢
ap~, with aN pemivms thereor pa+d io f~ll, tir~ ~nsur~nce ~n ~hs usval s~u+da~d po•.icy tam, in ~ sum approv~d by th~ MOR{GAGEE, and wi~?dstam ~.a
irawa~p in tM uswl standard pol~cy forn?. a? + tum app~ov~d hy tM MORiGAGEE. in wch comp+nY ot ca^W^Na +s tht 1MORiGAGEE may f
dirMS and all iu~ and w~+cisro.m inwra~+.ro polKics on any ol s~~ b~c~Id~+ys, ~ny iMO~NI t1lNtin Of palt 1hNM1, in eF?e ayq~ey~~~ wm afa~~id o+ ~
M~xcess thereof, shall ca+uin ~h~ uwal s~andxd mo~~9a9a+ c1~v~e or suth o~her ciauH u ~M Ma~9p» ~++y rwu~~~. +^~1~~^0 tou unoer sa~d poli-
ci~s, each ud every, parab:e ro said MORTGAGEE +s ~ts ~~~errs~ may appe+?, and eash and eve~y a~ch po~~cY sl++~~ b~ Pra^'p~ly a?s.pned snd delivered ~o
any hsfd by said MORiGAGEE as (ur~her security ro sa~d mor~9~y+ debt. u.d, oW lea than ten (10) d+ys 1n advance of tF+~ t~piraGon of each poGCy, to dr
liver b s+~d MORTGAGEE a rt~ewal thereo(, togetha with a race~p~ for the prwn~um oi such renawal: snd tha+~ ttiall be no fu~ a winds~am Iruur~~x~
p1~ad on ~ny oi w~d build~.+g~. any interat thKeir? or part ~he.cof. un,ess in ihe fo.m •:d w~ih tM tou payabt. •s atwesa~d: and in tM evcnt any ium
of nwMy bccpnes p+Y+~ u^~~ s~' a~'"~ s°~ µ~TGACaEE il?aU A~w the optwn ro receive and ~pp1y tiw same o+~ acta+nt of the i~debted~
a
~ ness fecured hereby p ro petmil sa~d MORTGAGORS lo tcceive and We it or sny purl Ilieroof ior otix~r pv+p~ses, wi~hout th_~Eb/ waivi~ig or ~mpair-
Ky any aqu;ty, lien or right under w by vinw of ~his ma:'paqe; snd in 1Fu even~ s~~d MORi(;AGORS shall for any reason I+il to keep the sa7d p~emises w
iiyured, p fail to drlive~ p~ompHY any of said poi~cies of insuranc~ to s~:d MORTGAGEE, w fail ptomptly to p+Y f~~~Y ~^Y P«mium tht~efa o+ in +~Y ~
nspect fail b perlwn?~ d~scFwg~, eYec~te. effect, compkte, comply wi~h and ab~de by fhis covenaM, a any part hereof, said MORTGAGEE may pl~ce +~~d !
ar (a suth ie~sw~nc~ a eny p+?t thereof wi~hout waivirq w•f(ectiny ~ny opt~a+. I~en. equiry, w right under a by virtue of thii Mwtgaye. ~od the ~
s~ .l~ .~w d....nf ...W oaid tl th~ rats 01 ~
full amouM of each end every s~tin p~ymem ansu oe ~m+nea~•~e~y uw «.v ,`a:: ~~~c i:~--~ _ . -
nine pe~ cenam pe~ annum and to~ether with such in~erest s1+aU be sccurcd by the l:en of thy matgage• _
To permit, comn+it a suife? no waste, impa'ument ot deteripatiw~ of said p~operty or +nY Pa~1 ~he~eof.
S. To pay all ~nd sing~iar tfis cosn, chu9es and expenses, h+dud+n~ a re.sonable ~nwoey's fee snd cosn of abstracts of tiNe, incvrred or p+~d a~
sr~y timr by !KQRiGAGEE, 6eceux or in the event oi ~he failwe oe the pan of the sa~d MORTGAGOR Io duty, promptly +nd fully periwm, d~xMrge.
executs. e~fec~. comptete, comply w~th and :b:de by each ~nd every ~he atipvla~rons, agreements, condit~w?s, and toverunis of said p~a~~ti;iwry +wta and thit
,nwr9age ~ny o~ e;~hcr, and sa:d cosn, chuyes and expenses. each and avesy, slull be immediatcty dve and payable: whether a no? the.e be norice da
mand. attempt fo colkct w svi~ pend+ng; and fM Eulf ~nt oF eacA snd e+e.y such paymee~ shall bea~ in~eres~ lrom the d~te thereof ix?til p~id ~t tM
~ate of n~ne per cent~m par an~ium; anC a~l sa~d costs, cnarges and expense? i~culrred a paid, togethe~ w~th such interest, shall b~ secvred by the lien ol !hu
mort9age.
6. ihat (s? in the event of any brrxh of this Morgape w deFault on the part oi the MORTGAGOR. a(b) in the event am of said i~ms of nwnsy
lw~in referred to be na prwnptly snd iutly pad within thirfy 1301 d+ys ~ext after the same seve?aliy become dw and pay~ble, without demand or notice.
or in the evcnr each and every the s~ipul~tio~s, egreements, cond;tiau and corenann of sa~d promiuory r+ote ar?d th~s matps9e ~ny or either are nW
~u~y, prompr(y and ivlty performed, d+scha+ged, e~ecuted, efftded. completed. co.~~Pl~ed wi~h and ab~ded by, 11~en in either a sny such evem ~he said
~regate su+n mentioned in said p~an~siory note then remain:ng unpa~d, w~th interest accrued. and aH moneys sea+red he~eby, shall become due snd p+Y- j
~ble (orthwith, a thereafter, at the opT~on of sa~d MOR7GAGEE, as tu~ly and compietely as if all o~ ~he said wms of money were originally stipulsted }
to be pa~ on such day, a+zylhing in sa:d prom~uory note or in ~his Matgage to the co++~ra.y norrv~~hstanding; and thereupon w thereafta ~t the op~ion ot
uid MORTGAGEE, w~+hou! notice or demand, suit at iaw or in eauJy, therefore 0~ thereaftc~ begun, may be proxc~ted as if all moneyi secured hereby
had rnaeured prwr to ~n ina+itut~on. ;
f^.~..~I~v~ N w? ~n IO~MM i!. M?A MfOK! 1
7. That in the evenl that at thr beg~nn~ng oi or at any time pe~a~rg a~~ s~~~ ~vw~ ••^^'y~aa• • ~
payment of any da~m: hereur.de?, said MORTGAGc~ sha!1 appiy to the Coun hs~~r.g ~u:~sd~crion thereof for the appointment of.a Receiver, such Covrt shal{ ~
iw~hwith appo~:~t a receiver oi sa:d mortga~ed Nror.e~ty al! and s~ngular, inctvd•ng a:1 and singu~ar the income, profin, issues and revenve~ from whatever ~
sou:ce deriicd, each and every of wh.ch, ~t t~~ng expressiy unde•sfaod, is Aereby mor~gaged as it spec:fically set fath snd desuibed in the praMing snd f
habendum c~suses h°rrof, ar.d wch Receiver sha~l have all the broad and effective iuncf.or+s and powers in anyw~se entrusted by a Cou~t to a Reteiver,. and ,
s:xh appointmem ah.i? be made by svch Co~rt as an admitted eq~~ty ar+d a rratier of absolute rght to said N10RTGAGEE, a~d without reference to the . ?
adeq~acy w inadequacy of the vaiue of the prope~?Y mw~9aged w to rhe so.vcncy er ~nsolventy oi said MORiGAGOR a the defendants, and thaT svth ;
renrs, profits, income. ~ssues and reve~aues shaU be appt~ed by wch Rece~vrr xcwd~~~g to the lirn or eqvity of said MORTGAGEE and the practice of such ~
Court. ~
8. To dv~y, p~ompt?y and fully perform, discha.ge, execute, effect, complete, compty with a~d ab~de by each and every the sttpuiations, sgreemenri, :
conditiuns and cover~ants in sa~d promiaswy nofe and this mortgage set fat!~. 1
9. That in the event the ownenhip af the mortgaged ixem~ses, or any part ~hereof, betomes vested in • person other tha~ the MORTGAGOR, 1he ~
MORTGAGEE, ~~s succasuxs aod assgns, may, w~~ha~t no~~ce to the AROQTGAOR, deal w~rh such soccessor or successor in interest wi~h reterence to this
mo.tgage +nd thr deb~ hereby secured 9n 1he same rtwnr*er az w;th Mortgagor without in any way vitiatirg or dixharging the Mortgagors' liability t+era
under or upon the drbt hneby secured. No sale of ~he Frcmises hereby mo.~gaged and rw forbearance on the paA of the MORTGAGEE o~ its iuccesson
w assigns and no extension of the time for nc~ payment o( tAe deW }~reby secured given: by the MORTGAGEE or its tvccessors w auigM, shall optrat~
' ' ' " . . '
..e.~r.I-~o t__._:~ :.1.~. ...ML ir iw narr.
to ~e4ase, d~xAarge. rtwd~ty cnange w ariea Y:.r w~yuw~ ueu~.~~y Ji .~.e
1Q. It is spec~ficatiy ag*eed that time is of the esse~ce of this contract and that no waive? of sny oblgat~bn hereunder or of the obligstan st
cvred Fs~eby shali at any time thereafter be he:d to be a waiver of the terms kereof or oi the instrument secured herby. ~
11. In add.t;~:+ to the fwego':+g mr~!F.'y paym_nts of pr~^c pa: ar+d in*rresr requ~red by the pro+n~ssory note secwed hereby, mwfgagor tovenants
and agrees to pay ro mo~tgagee wi~h each monrhly pay~~zent an add~~~onal sum est;otated 6y mortgagee to be equal to 1/12 of the annual cost of the follow-
.
A-All real prope.ty taies levied w assesseo eg3~•~st th? aiwve descrioed reat estare.
g-Dr.rr::u:*~s on f:se .and windsrorm ~as:~+ar.ce as here~n requ:red to be carried on the +mrrovemeats situate o~ the above described premises.
C-Premi;Ans on s„c!~ mottgege g~:atanty ir.surarfe as mo*~gagee shaR from t me to t~~ne deem fit to carry on ihe loan secu~ed F?ereby.
Mortgagee shaii ircm fime to ti-ne rw~ify mortgagor in writ:ng of the amount due and payable hereunder and sucfi sum shall thereupon be due and
payable o+~ tha due date of the ne¦t mo~th:y ~yment a-~d eac!~ s~ccessive mor.eh thereafter ur.fil mortgagee shall notify mortgagw of a change in wch
amou~t_ Such sums sha~l be appieed by mo~rg~y~ee tae+ard the psyment of reai property taxes, i~surance prem:ums, and mortgage guaranty insurance
premiums.
IN WITNESS WHEREOf, the said N.ORiGAGOR has hcreunto set his haod and sea! the yeu fus a~N~~-.
Sigr~, Seakd and deiiver in the p~esence of:
` ° ~I
~ r G. ans ~ '
~ !
nn vans
STATE OF FLORIDA ~ ;
St . Lucie
counm oF - ~ '
Jerr G ~vans a~d ~
before me pasorwliy appeared X
Ann F F~!anS his wife, to me weil known and known to me to be x
the ~viduals described in arrd who executed the fnregoing irotrument, and acknowkdged before me that they executed the same for the purposes
rhe.~in expnKd. Ar,d rt,e sa~d Ann E ~..•ans - ~ s.
4
«ife of ehs sa~d - Tei~ G ~vans - s seperme.rnd pri~oh ;
exam~nation by me take~ separate artd apart from her said husband, ack~ovvledged to and before me that she ezecvted ssid instrurr~4~(t1ill~ip~l'Y~iYm '
ta.ily and w~thout any comp~ls~oc+, constraint, appre~~~~fea~ of or from her said husband. ~ 1 EL i+~J {
WITNzSS my hand snd offiuel seal this Dece~aber ''.~9.-~ i
. • i ~
~ tary Pubiit in and far the Statf _ a~ ;~4~ _
- . My ~0111r~tif3Wfl el[Piflf: ~~S i ~
Retvrn To: , x • : ~ `
f'ust feder~l Savings 3 Loan Associat~on ' U~ •.~.,~i-~s~1r`•.~
Of foct P~ercr- ~~Z k~~.~~~'~ ~`s ~
• Fort Pierce. flwida ' '',,~~pj~~^ .
, vE~OROED '''~,rrrf;nt~t''~
g1
IUCtE r~OUNTY fl~?. ~
RO~E~ ?~t~RAS i
~is Instrument Prepared By ~ha. J. Forbes ~`E~K ~~~~~1~ COURT ;
First Federal Savings ~ Loan Association ~~~Q~~yEo~~~fD _
of Fort Pierce , Florida 33450 ~ Sg ~u ~
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