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3. To place and con~fnuousty keep on the buitd~ngs now o~ hereafter s~tue~e on aa~d land ar,d on ail equip~nenr and personally coverud by this mor?q~
ege, with al) p~emiums thereon pa~d ~n iu~~, f~re insurence in ihe uwa{ SidlTddt(} pul~cy torm, in a sum approved by the M04tit,AGEE, and wmdstorm
~murance in the usual standard pol~ty form, in a aum approved by the MORTGAGEE, in such company o~ tompanies as the MORiGAGEE may
d~redJ and afl li~e and w~nds~o~m inswa:~~e po~ic~rs on any ol. said build:ngs, any interast therein or part thereo(, in the egg~egate wm ~iaesaid w
in excess ~he~eof, sfiall conrain ~he usual standa~d mo~tgagee dause or such o~ixr cla~se as the Mortgagee may requ~re, ma?~n9 the loss under sa~d pol~
:~es, each and avery, payab!e ro said h1JR1GAGEE as ~ts intvresl «iay appear, end rach a,d every svch pol,ty ahaN be prompuy assgnrd and deGvered to '
eny held by uid MORIGAGEE as fu~ther security to sa~d mor~gage dcbt, and, not less lhan ten (IO) days in advance of the expira~ion ol each pohcy, ~o de- ,,;j
Gver to seid MORTGAGEE a renewal thereof, together with a rece~pt }or ~he pre~nium o( iuch renewal; and the~e sha~l be no f~re or windswnn insurante
placed on any of sa~d building~, any interest therein or part therr~f, unless in thr iorm and wi~h ~he loss payable as aforesa~d; and in the eveM •ny sum
of money becanes payable under iuch policy or poticies se~d MORiGAGEE ahall have ~he opt~on to recaive end apply the ssme on acco~nt of !he indabted
nes: secured hereby or to permit said MORTGAGORS to recrive and use it w any i:ar~ thr:eof lor o~i,cr o~rc•osrs, w~+tic~~ th~r.i~i .va~~~~~3 cr nnpa~r• ~ i
ing any equ~ty, lie~ or r~ght under w by virtue of thls mo:!gagc; and in the event sa:d MORIGAGORS sha11 for any reason fail to keep fhe sa~d p~em~ses so . ~
ms~~red, or fail lo drliver promptly any oi sa~d poGc~es of irrsu~a.~e-ao sa~d MORIGAGEE, er fail promptly to pay fully any prenuum thcrefor or in any
respect fail to perform, d:scharge, execute. etfect, tOmplete, co~np~y w~~h and ab~de by ih~s covenen+, or any part hereof, sa~d MORTGAGEE may piace a~~d '
pay For such insurance or any part thereof w~~hout waiving or afiecting any opaai, lien, equity, or r~ght under w by virtue of this Mo~t9age, and the ~:r,~ ~
!~;I amouM of cach and every si+ch payment shatl be ;mmed~ately due and payab•.e and shal! bear interesl irom tFw date thcrcof until paid at the rate ol t
~r.e pet tentum pe~ annum and tc~_:hir wi~h sucn intrrus~ sh~l; be sac~rr~ by the t~en oi this mortgage. ~
Io permit, tommit w suffer no was~a, impa;rment o: UcterioreLOn of said prcperty w any part thereof.
S. To pay al) and singular the tosts, charges and expenses, ~ndud~ng a ~easo~~able anorney's fee and costs of abs~racts of tide, incurred or paid at
~ny time by said MORTGAG:f, because or in ~he event of ti:e fa~lvre on the pert of the said MORTGAGOR to d~ly, promptly and fu~ly per(orm, dncharge.
_,r<ute, efied, tomplete, comply wdh and ab:de by each and eve~y the stip~lat~ons, agrrements, tonditlons, and tovenants of said pranis~ory note and t~is
~~;,rigage eny or e~ihet, a:id sa.d costs, charges and expenses, each and every, ahall be immed~ately d~e and payable; whether a not fhere be notice d~
~:a~d, attempt to colled or auir pend~ng; and the fu!1 amount of each and e~ery wch payment shall bea~ inrerest from the date thereof until pa~d at the
of n~ne per c~ntum per an~iu~i, and ai~ s~id costs. :.harges and cxpe~~ses +~~tuurd or paid, together w~ih such interest, ihall be secured by the lien of this i
tnortgag0. ~
6. ihat (a; in the event of any breach o( this Atortgage or defa~l~ on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money ~
herein refe~red to be not promptly and fuily paid with~n thirty (3i1) days next atler the same severa:ly beconte due and pay~L•!c, withoul demand O? notite,
r'c! in the event eath and every the stipu:arions, agreements, cendrtions and covenants of sa:d promissory no~e and th~s mortgage any or e~ther are not ~
promptly and f~tly performed, d:siharged, exetuted, ~ffeUrd, tornpleted, torpi~ed wnh and aGlded `ay, then ~n either er any such evem the sa~d ag t
,~~~3a!e svm mentioned ~n said pro:nissory nere then remaining unpa~d, with intrrest acuued, and att moneys secured hereby, shall become due and pay ~
e~. e forthwith, or thereafrer, at the opnoi oF s~~d f7,ORTGAG"cE, as fuily a~xl .omp:eteiy as i( all 01 t4~r said sums of money were or~ginslly st~pulated ~
~ he pald on such dar, anythin~ in sa d pro r.~ssory note or in this Mortgag.r te the contrary notv~ithstandhig; and thereupon or 1he~eaftcv at the ophon of ~
s d MORTGAGEE, v`itho~t not~ce or demand, s~~t at !aw o~ in equity, therefoze or thereafter begun, may be prosecuted as if ali moneyt secured hereby i
r. ~d mat~ted pnq to itS iniliTUhon. ~ ~
7. That in tFe event that at the beginn~ng of or at any time pendir.g any su~t upon this Mortgage, or to fareclose it, or to reform it, or to enforce ~
n,~:ent of any daims he~eunder, snid MORTGAGEE atiall e~~piy ?o the Co~rt havucy ~u: ~sd.:!ion th_reo! ior the appo~ntment of a Receiver, such Court shall ~
~ •'~..;tn aF.poi:it a receiver of said mortgaged p;o;;crty ail and sin•3~lar, inc;~d ~~y a~l and su~au~rr tt~e income, profits, issues and ~eve~~ues from wrhatever ~
-:e de~~ved, each ar.d e~rry of w'r.;ch, ~t Ee~ng enpress'y unders:ood, ~s i.e~_by m~rr.a.~ged as if spec~fically sN forth and deseribed in the granting and 'i
~ ndurn dauszs hereo4, ;nd svch Receiver sha11 have a!I the broad and effec!~ve f~^:cr c^.s and powe~s in anywise eMrusted by a Gourt to a Receiver, and
s_r, appoiNmenr shall be made by such ~Lourr as an ad:nittzd equity and a n-attcr of aLsc~~te rfght to said MORTGAGEE, and withovt referente to the
.;_~;cy o+ madequncy of tF.e va:ue of the properr~ mor7gaged or to ~he so.~en~y or ~nsoivency of sa~d MORTGAGOR o~ the defendants, and fhat such
•s. profits, income, issues m.d rzvenues sha'~1 be appl~ed by wch Recei+er ac:cru~.~g to the lien or equity of aaid MORTGAGEE and Iha pradice of such
c
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8. Tc du'y, prcm~.tiy and fuily pe.form, d~scharge, execute, effeo, cumplete, co:::pfy vrlth and abide by each and every the stipulations, agreements,
-!~t:c•ns and covenants s~~.~ promifsory nere ~nd ~hs moregaye srt fortn.
9. That in the e~e~t the owr.ersh~~ ot thc r•iort~aacd pre:u;scs, c• a~,r part thereof, becomes vested in a person other than the MORTGAGOR, the
RT:~AGEE, its s~~ccesscrs and dSS~q~iS. R~3~1, v.:iho,.~ nos~c~: :o t':r ~~•~~~CTJ."~J~~ ~CdI ,n:th such svccessor or successor in interest with reference to fhis
_'_~ge and ti+e debt F~e~eby secwed in 1he so~r.e n,;nr:e~ as ~n~:h :4ortgagoi w+theut in arry way vit:ating or d~stharging the 1~lortgagori liability here-
; or ~pen rhe deb~ heret~f s~wred ho s3:e oi tj:e Fre~r.~s-n hr•ei~; ~nerrg;~ed and no forbearance on the part of the /dORiGAGEE or its suecessors
gns and no -,.rers on o+ ~he Ln:~~ fo~ th.~ payrt.ent ci rne det:r h~•~•_~hy sewred g~ven by ~he NtORTGAGEE or its successors or assigns, afiall operate
~ rc ease, d~scharge, med~fy change or effece the cng;ns~ iiau..,ty of the MGS?GAGOR herein, either in whofe or in part.
10. Ir is s,r.ec~fic..ily agn.ed tf,at t~rna ia of the essence of th~s cor.tract and ~hat no waiver of any obGgatlon hereurtder or of the obligation se-
c:,rrd heroby sha!~ aT ary time tne~eaErer be hcid to be a wa~ver of the terme hareof or of the instrument secu~ed herby.
1 I. in adJ ro r+ e fe~cgo ~n rr or,ti~~{ E.ayrne~ts et yi ;c ;:al and in~erest reqwred by the promissery nofe secured herebf, mortgagor eovenants
• t::grees to pa~ to r.,o-tg~gee ,,~rh eacn ,r~or.tn y,;,~~.,ent an ao:i,ncnai s~~+. ~~:a1ed by mortg~gee to be equa! to 1/12 oi the annua) cost of the follow-
A-A!I rea! prop~rty taxas ~c.~_d or assesscJ ag.:r:st tt,c. above desvi~ed rral es~ate.
_ i
B--Prrrr~u~ns on f~re and .vindstonn f;~su:a~ce as here~n requ~red to bc carr~ed on the kmprovemerns siluate on the above dascribed premises.
C-Premims on svcn m0ft3;ge guaranty ~r.s~~ra~:ce as mcrtgagee shal; frcm ~cne to rlme deem fit to carry on the loan iecured hereby.
; Mo~tgager sha!I from time to t~me nc:if~ mortga~c. i~ writing of the a~::ou~t dve and payable hereunder and wch sum shalt thereupon be due and
. e on the d;:e ciare of ~h~ n•,~~ r..cnth y~:ay~.,um and each r~ccessive mo~rh thereafi.r ur.ri: mortgagee shall notify mortgagor of a change in such
~ Such sums s`.ail be appl~ed i,y m•r.igaq:~~ roxard ihe {;ayrnent of real prep~rty taxes, insurance prem,ums, a~xl morfgage guarenty insurance
~ ~iJTS. .
~ !N WITNESS YJHEREOf, ~h~ sa~d ll.ORTGi+GOR has herPU:,to set his har.d and seal the day and year first afo~said. ~
~ Signed, Sealed and dalivered in the presence of_ HLEO P£CUflOEp ^ ~
ST. LVC'£ ~Ot1fiTY FIA. ~ ' ~ Ses1)
E i~~ !~L.-•-- - RGG'c~ ~~J:TRAS ~
~ ~ - Clff~K ~ • ~tl;; :.OURT~ ~ ~ (Seaq
~ ~ - RfCQP.~ ~lED...~..~.~ ~ iSesl)
d„ L~t`-i'-'~- - rl
& A~R l`l 2o PH'~~ (~a"
~ =,TE OF FLORIDA 1
~ ' ;'~TY OF St . Luc i e_ ;
Befo~e me personafly appeared R1C~ldIC~ F. Schuldes ~/~/V~WV a~d `
Esme M. Schuldes ~
his wife, to me well known and known to me to be
~ndivid~~als describrd in and who executed the foregoir.g instrument, and acknowledged before me that they executed the same for the purposes
_••_~n expressed. And the said______ ESIDe T1. Schuldes
~ ~ of the :a~a Richard F. Schuldes _ ~
- , upon a xparate and private
~ r.af~on by me taken separate and apart from her said husband, ack~owledged to and before me that she executed said instrument freety and voluo-
r ar~d wlthout any comp~(sion, constraint, appreh~s~~~ fear of or from Fier said husband.
~ -
~ Y~ITNESS my hand and offit~al seal thiz_ day of__ APril ~ A p ~y~.5
x ~
Notary Public in and or t tate of Florida at large
~ My Comm~ssion e ~res:
Retum io: ~
r rst Federal Savings S loan Aswciat;on
~ O[ ~ort F~ercs. ~
',3{ SL1Tf cLOZlD.4 at LARGE °
Fort Pie~ce, Ficrid~ _ <
~ ,:.;'t Ei:.: 1;Y. 7. 1977 i
LViil~tli.p~ ,;,,~er;.an ua,:;urs Insuranu C0. . - ~
~ ''t,t~i~~{t s.
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~ This Instrument Prepared By RiChard K. K2~yes ~ . ;
First Federal Savings & Loan Association . ' ~ „ i
~ of Fort Pierce Rlorida ' ~ z'-~: a+r
~ ' ~C~:•'"4. t -
ne ked By ~ ~ f~ ~ ' `i.
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