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3. To plate and continuovsly keep on the bui'd~~,g~ now or hereafter ~~tuete on sa~d land and on all equip,r.ent ar.d personally to~ertd by thit mortg-
age, with all premi~ms ~hrreon pa:d ~n futl, iire insur,,~ue ~n ihe usual S1d~tiI~+rJ po+icy (orm, in a sum appro~ed hy Iho MOR~GAGEE, and windstorm
~~~s~rence in the u~~al standa~d pol:cy fonn, in a aum app~eved by the MORiC;AGEE, in such company or companies as the MORTvAGEE may
cJ~red; and all lire and w'~nJ:torm insurance po:~cic•~ on eny ol sa~d build~ngs, any intcreal therein ur parf Ihereof, in Ifie aggregate sum ~fo~eseid or
in eacess IhereoF, shall contain the usvai s!a~;dard ~nor~gagae ciause or such o~he~ c~a~se as the Mortgayee may requ~rs, meAing fhe lo~s under •a~d poli~
c~es, each and every, peyab!e to said h1URTGAGEE aa ~ts ~mcrest m~y appea~, and each and evcry s~th poi~r~ ahaLl tx promptly a~s gned and dclive~ed to ,
eny he~d by sa~d l~10RIGAGEE ~s fu~~her sewr~ty ro sad mor~yage deot, and, not ?es~ than ten (10) days in ~dvance of Iha ezpirat~on of eath po~ity, to de- '
I~ver to said MORTGAG'.E a renewal thereof, together wi~h a peteipt for the prmn~~,m of such ~enewal; and ~hrro shall be no f~re or windstorm insursnte
placed on any ol sa~d b~ifdings, any intcresf fherein or paii the~eol, un:ess in ~he fo~~r~ a~d w~th ~he loss payable ai aforesaiil; and in the event any sum
of money becor.es pay~b!e undr~ such polity w Ro~~ciei sa~d MORTGAGEE shall have the opt~on to recr~ve and apply the same on eccount o( the indebted-
ness secured harEby w to permit aaid MORTGAGORS to recei~e and use it o~ any N:~+r ~I~erroi ~or oti,:•r ~,urp~otra, r.~~haut ihrnui .vai.~ or n:~pair-
~ng any equ~ty, I~en w rfght under o~ by virtue ol ~his morrgafle; and in the evem sa;d A10RTGAGORS shall for any reaio~ fail to keep tht safd premises so
~nsured, or fail to drl~ver promp~ly any oF sa+d'pof,ues of insu•an~e fo sa~d MORTGAGEE, or tad p:omptly to pay fully any pre~iuin ihere~or Or in any
r~sp~t fail 1o perform, d~schar9e, execute, e(iecl, comptr~e, co:nply wi~h and ab~de hy ih:s cove~~ant, w any pan hereof, sa~d MORTGAGEE may plate a~.tl ' ~
~~r for such insurance or any part thereof w~thout warvi~~g or affecting any opuon, Gen, cqu~~y, or r~ght under w by virtue ot tnis Mortgaga, a~d the ' ~
t~,:! amount of each an~+ e.ery such payment shali he ~m~ned~etely d~e ar.d paya~te and shall b.:ar interc•st from the date thereoi until p:,id at the rate o1 4
e per ceMum per ann~~r~ .v,d rog..:h~v v.~rh such ~nr,~r•st sh~~~ `.,e s.:~r~•d t;y the I;pn of th;a mortgage. `
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4. To permit, ctxnmit'w sufier no was~e, impai~ment or cieteriorat~cn of said property or any parl ihereof. t
5. To pay aU and ainyular the c~sts, charges and expe~~ses, ~nclud~n~ a rea:onable attorney's fee ard coats of abstrads of title, incurred or paid at +
jny timc by s.,~d MORIGAG:E, betause or in the evN~t ot t1~e la:iure on the pari of fhe ao~d b`ORTGAGOR to duly, prompdy and (~Ily pcr(orm, d~scha.ge.
_ x<c~te, efiect, complete, co:nply wrth aixl ab:de by eoch a~:d every ~hr s~ipu:a~rons, agreen~2nts, conditions, and covenants oi se~d promissory note and ihii j
o•rgage any or e~fher, a~,d sa:d costs, chargea a~~d expenses, each and rve.ry, sha~l tx immcd~ately d~e and payabte; whether w not there be no?~ce da "
~1 e~d, attempt to col~ect or suit pend:ng; and the f~ll a~-ount of ~ach and e~ery wch payn:ent shall bea. in~crest irom the date thereof until paid at the
u" ~~~ne per ccnt~.rn ~.a:r en ~um; a:;d au sa~J t..s+s, charges a~~d cr;:~i ses ~ox~rred or Ha~d, toyelher ~vuh auth imerest, shall be secured by the lien Of thi!
mortyage.
6. That (a) in !he event ot any brcach of this Mortgage or defa~it on +?M part of th~ MORTGAGOR, or (b) in fhe event any of sald tums of money '
Fer~in referrcd to be not p;en;pNy and fu1~y pa~d ~~fhin th~rty (3J! days rext a4tc•~ the same serera:iy beco~ie due and payabte, witiw~l oemend o~ notite,
- c? in the event each and every the stipuiati,ns, ayreemer.!s, tendii~uns ar.d covenants of sad promissory note artd th~s mortga9e any or either are not
nrompt~y and f~~!y ;:erfwmed, d schargcd, execu~cd. effeaad co~n~i~~r_.a v,.fh and ab~ded ~,y, then in e~the~ o~ any such event the said ag
_ ~~~+!e s~m mentioned ir sa~d pro~nissor~ note then ren,a.n~ng un}:aid, ~v~th intrre,t acr. ~~ed, and a1i mcr.eys srtvred hereby, siia~l become du! ant~ pay-
ior~h.tiith, or ;hereafter, at fhe op~~cn c+ ai~d k,ORT~AGEE as f~liy and com,,iet~•ty as if a~i of ~hr sa~d svms of money were originatty shp~Iated
~ pa,d on svch dc.y, anytl:~r.g in s~.d p~c n~isory no}e or ~n this Mort3ay~r to ttee contra~y not,y~thstandi;~g; and thereupon ot thereafter at the ophan of
s c!.10RIGAGfE, v.rhuut ?once o~ den,ar~d, s,:n at ~aw or in ey~rty, therrtwe or ~hz~reairer begon, n:ay be prosecuted as if all moneys secured hereby
, ~~~e~~red p~~or tc ~!s ~nst~luron.
7. That in tf:e ev.~~;t rhat ar ~i,~ ~eyi~r, nq >f or at any ti~„e ce^d;~ y a~y sv r u~:o~ ti,;s orfgaye, ot !o foreclose it, or to reform if, or to ertforce
.~~:e~t of any c,.ns h,•e,~nd_•:, sy~cS hSVR?~~:~~ct s%~~:~ ,:p~v to r~:~ ~ev~i ha:,nc~ u~~>rlc:~on ihen•of for Ii:e appo+ntment of a Receiver. tuth Court Shall
~rh a~:~;c•:~:t a r~-cr~.•~r of _.•y..y~-d F.,o:, t; a;i,on;i y~~t jJ~d/, r::1:~ ~tj ..i r:1~ s• ~gu'ar ti:e ir.comr. prol~ts. issues a~d revenues from whafever
~ _ de ~.cd. a•~J :=ry cf ,r~,,h, ~ L,.,~r~y •~.:e;s „nde~se:,e:i. ~s fe~_!:y _~s;rd as if spec~fi:a~:y set ior~h and destribed in t1~e granting and ,
• +,1~m c+~~ses F~~roi, a~d s.~ch Reca~.e* sb:~!: ~~e:e a:! rhe b~oad o^.d ei'.e:!::~~ . „:s and po.vers in tnywise e~trusted by a Court to a Reteiver, ent~
poinr,::a~:~ shal~ :>e n:jde b~ svch Ce•,.rt ~s a:. ed:~~i~t,n equ~iy ard a n a•n;r e+ ..:,sc!.,?e ~~yht to said MORiGAGEE, and without refer~nee to the
__:,_cy er ir:adequa;, of t1:e va:~c e4 rhe cr.cF~eny mo:~g~ged or to tr,. s~..•:::cy er _;.,:ency of sa~d t1!ORiGAGOR w the defzndants, and that sueh ~
- •s. pcefr,s, income, issues end reven~es ;heil br appLed by such Receivet acv~rd,~.y to the iien or eqvity of said h10RiGAGEE and ihe prattice of such i
;t. f
3. To ~J~~'y, p'cmF;t'y and fu?~y pe~~o~m, c~s:hary+, exc.'ute, efiect, co~rplete, c~^~ply ,~v~th a~d abide by each and every the stiputations, agreements, >
~•rlais ar,d COVCn3n'S m s.s~d promissery no?e and th s rr.ortgage srt fo~th. ~ ~
9. ii:at in thc event the o~.ner,h:p of tn~ :rortyaged pre^i~ses, or any part tnereof, becomen vested in a person other than the MORTGAGOR, the ;
. °':G:.GEE, ~ts s~~cccssc:s .;nd as<.i~,~s, rnay, ~„~n~~~ ..;;r.;e to f~,e ~:'.O~i"vtiOR, deal v+nh such successo+ o~ s~ccessor in interest w~rh reference to this j
~~aye a'.d the d~•,ti,t F.creby secv~ed ir. ihe sam~ manncr as tiv+th :',:,rtgegor wiih~ul in any way vitiating Or dis<harging the f.lcrtgagorS' IiaDility her~
or u~,on the debt hciri,f sea:rid F:u s~!.: of ~te F~lr:ti525 h~reby rne~tgaged and no forbearance on the pan ot the MORTGAGEE or its sutcessors ~
,'g~s ard ne ex*~r;:on e! rhe t~^~c ti~~• ,~ayr.en~ o~ ti,e dror hrm~,{ sec~•cd given 6y the MORTGAGEE or its wccessors or assigns, ai~all operate
_ ese, d scF.arge, rt•od~fy char._a.. ~~±~u ~he c:~ ~g ~ a; iio,; ;:r~ ot +~;e N.GRTGAGQR f~ere~n, either in whole or in part. +
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10. It is sp~x f:s_aiiy ;gr~~ed tha~ ~~n,e is of thc c:sence of th;s contract an~ thar no waiver oE any ob::gation hereunder w of the obligation se- f
•ed hereby sha;i at any si:~~e tharez'te~ 'ae he:~ to ~e a w.,i._r of the ~e:r~,s herecf or of the ir+stru:nenl secured he~by. S
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~ I1. in ~:i'1,! !o t. icr.,: r.r . ~ ~.~'y ,n': a ;~r,c ~a' an ~~it,~r. i
, - _ io' t~r•" d _ reyu~red by the prom~sscry no'e sewred hereb~, mortgagor eovenants j
_es so ;;ay ro n er~~:cce r.<~F; e.,ch •+h'~ ,,,...,i od: ~,r,•,3! y~~,n _sr ..~:•d b~ n,ertgagee to F~ equai to i. 12 of the an:,ual cost of the io~low-
A-A!I rea! proprrty tax le:~: or a<.sr-;~:_.: a:.~-s~ tt~~ abo+e des-^'rr:d r:ai es~.,'e. `
~ 6~,.~, .;~s cn 3tCj :1'i••GIVD'~.' ~~:SJ'3 CY e. 1,-il~^, •-y,,•..d fo i~e ca~r;ed c; v~e u,~f;rovements siwate on the above d:scr~kxd premises.
j C-Pre-.iur-s c:t sc:h n.•+~;ye ~~uar,:ay ~ns_::::re 5s m.crs.;agee sha~+ 'r;;r, •.-:e to t~~re deem fit to earry on the loan secured hereby.
~ .'~o.!gaqec r~_ ~'-cn-, a to t~:, e ~~c;:i, r•.crr;,y~•r •n ~,••It:r,y o! m.e a.o.••~t d,;c and pa~ab!e hereundrr and such sum shail thereupon be due a~d
~ e on the cir~^~i.~!•~ of ?he ~~r.t ~;c,rn'~ pay:~~~.=nr a,d e_~c'~ suc:_s;~ve r..cr•,th ;~:t~ea4r~r urni( mo+tgagee shall noti(y mortgagor of a chanye in suth
! n•. Such swns sF a.~ '.;e _~~'Led t,y mo~ty;y.e !c:.a:~ the ca,n:ent of rea prcpe~ty taxes, insurance prem:~ms, and moriyage guaraniy insurance
s ~~~s.
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~ IN Y~tTNESS 'Y,NER~OF. rne sd~;i N,Ci4TGA•o02 ~as herc:: ~to se• h~s h3rd and s~.a! the day and year first af ~said.
~
~ Signed, Sea!ed a~d deli+e~ed in the presence of:
~ •r-- (Seal} i
~ - - ~ _
c=Z~t+-? - /
~ Seal)
t =~El-~-- - - - , '_.7')ZG~~ ~ , r_ C 4, ~ (Seal) :
(Seal) ;
: = ~ ~ Of fIORIDA ~
u. ~
:,:VTY OF St. Lucie ~ !
Befure me perso~~at:y appeared B~__G._ Lancaster a/k/a Bill George Lancaster snd
__Irma J. Lancaster a/k/a Irma Jean Lancaster h;: wife, ro me well known and known to me to ~ ;
_~ndrv~duals desa~ba~ in ard who executed th? forego~ng instrument, and acknowledged before me ihat they execu:ed the same for the purposes ~
•rn expressed. And the sald___. Ym ~I=_~~_n.s~ster ~~C~a _IZllla .1ed21 Lancastez
B G. Lancaster a/k/a 6111 Geor e Lancaster upon a separate and private
~ , c~ the sa~d g
~ nar~cn by me taKer, separate and apart iro:n her said husband, acknowledged r~ and before me ihat she executed said instrument freely and vo{un-
~ ar.d w~thout any compulseon, constra~nt, apprehens~on, or fear of o~ trom her said husbandJ '
`.'~fTt;~SS my hand and offic•a? sFal th~s_ .__.__j ^'3-__~.__ day of__-___ S~ _ , A. D. 19 75 f
~ ~ ,
FILED AK~ etE~~---- -----~4~~~ - . ~..st ~ 1
ST.LUCIE Ct3ilN~'Y~,~ Notary Publ~c in and for ~e S~ate of Fbrida at Large
FO~itR i VITitA~v My Comm~ssion expires:
Rer~rn To: CCEfiK C~~CU:T C01lBT
r s; f e d e r a l S a ~ i n~ s d[ o a n A s s c c;, t; u n qrr~'~'^ '~[:;tFl[~ . -
~ G' f~-r c,~.,~„ . • ~ L,"'~:E
Ar~e 3 10 - . ~
~ . . ~ . .
Fo,t Vierc•~ f,c•;,Sa Zi ,.~~5 L~~.:NfdfiCR (;q
~ 3US120
~ ~i4t~«. 's
This Instrument Prepared By ~~chard K. Kayes '
~ F;rst Federal Savings & Loan Associei~on
~ of Fort Pierce , Rlorida << . ..f_' ' ' ~ _
~ ` . -
_ ~ ( ~ + ~ _ - -
Cnecked BY ' . ~ -
80QK p/~[ ~ -
~8 /AU( 4Q~ ~ , •
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• . r'~~;^
.N.y ~ ` : _ . ~
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