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3. To place and co~~~.nvous•'y k~zp on ~i,a bu::d~~.~s ~ww o~ f,erraftar s~t..afe on to~d ianJ aed on ali eq~ip~nent snd prnon~~~y covered by thi~ mor~
•~e, w~th all p~cn~iumti +I~r~eon pa:d ~n i~ll, f~re u~su~<<~<c in ~he ~s~ai s~e~d~.d ~x~t~c~ fo~m, in a•~m d~.p~4~Cd by the MOR~GAGEE, and w~nds~orm
~nS~renCQ in ~he ~sual s~endard E~:.cy 1o~~n, ~n a sum app~oved by the MORTGAGtE, in fuch compsny or COmr3niM af the MJRTGAGEE may
d~rru; and all lirs ard w~nJflorm ~ns~~rancr potk«•• on sny of sa~d bu~id.nys, any inrer~st thrrei~ ur pa~t tFw:reof, in the a9g~egate sum afaesaid or '
In e:cess thzreof, shall :antain the usual stmedsrd morrgagee da~ne a such oli~~ c~..uee ss Il~e Ab~lgagee may ~equ~r~, ma?inq the ~oss undei sa~d poli-
c•as. each arx~ rvery, payab'e ro said h1JRI"vAGEE os ~rs u~+rr~st ~nay ap~x:ar, and cod~ ond every auch po~.c~ shell tx promp~'ry assgncd a~ld det~~rrrd to
e~~y hetd by sa~d MORT~AGEE as furthar s~cur~ty to said ~~+o:~ga~e d_~br. and, oo~ Iess tF~n ten ~10) da~s i~ adva~~ce of iha eapuation of e~ch po~ecy, to de-
I,~e~ ro said MORTGAGEf a renewal thareof, to9e~hr~ wi!h a rece~yt For Ihe pre;u~m ot such re~uwal; ar~d Ihere shatl be no f~re o~ w~nds~o.m i~sutanc~
p!eced on any of said builJn~ys, a~y interest Iherem or pari therral, u,i'css in +hc to~m a~~d wiih ~hc ~oss payeo!e as aiaeseid; and in the e:ent any sum
at monay becume~ pey~6le ~ndrr s~ch polecy or poLc;es sa;d MORTGAGEf sfiall have ~he opt~o~ to ~ece~ve anJ appiy tlie iamr on acco~nl o~ the indebted~
n~-ss secvred hereby or lu perm~t i~~d l.10RIGAGORS to rrcr~:e and ~se it o~ any p.+rt ~f:~•:rof tor otii~r pu•~ cs~a. ~v.~h~.,t th_•...~, vv.;i+~ o• viip..ir- _
~~~y ,ny equ~ty, lien or riyht under or by virtue of ~h~s mcr:gage; and io Ihe even~ sad h10RTGAGORS sh~ll to~ any reascn fait fo keep thc sa~d pr~.~nis~a ao .
~~s~red, or fail to d> ~.cr p:anp~ly any of s~~J ~wl~~;es of i~ts~-ance to said MOR(GAGEE, or foit p:ompUy to pay f~lly any premiu~n thcrefo~ or in a~y
r•s~:~ru Fail to pe~fo~+n, d~>:ha.ge, exec~te, el!rd, canptere, co.np`•y wi~h and ab~Je by ~h~s ccvenent, o~ any pa+~ hareof, sa~d MGRIGAGEE may pl~ce and
fw suth inw~.;nce o~ any part thcrcof w:~hout weivirg w a{ia:!ing any opt~un, I~en, equ+ty, or ri~M under or by virtue o( this Mwtgage, a~d tht ~
! a~no~r,1 0( each ar,d a.ery si~ch payniaM sha:! k>e ~•~:,nc~ci~a+ely due and payablr a~d sfiaH b~~ar interest frwn the date thereo( until pa~d at tht rate o!
•,~~::•r centurn y:er a~vwm ~e+d tr3:=:h••r •..~:h si:n in:cr.st sha:~ t~.• se:~ted hy 11it I,en o1 this mortgagC.
d. TO perm~t, commif w sufler no waatr, in:pa~r.nen! or dclnr:orot~on Of s3id prcFerty a any part thcrrof.
5. To pay all and singular the coits, charfles and e~epe~se:, ir.ciud~ng a rea~onaL!e et~a~ey"s fee and costs of absvads of titte, incurred or paid at
r~,~ t~~+:e by s~~d M.ORiGAGfE, becawc or :n tM: e~~•nt oi fh~ }o:r~re o~ tha part of ihe sa~d MORIGAGOR to dvly, promptly and fully pe~iwm, d~scfiarge.
.:;~ra, effeu, co~npiete, compty w~th and ab de by e3ch a~:d every ~he snpuia~~o~:s, ayre•~ments, cond~~iens, and covenanrs of sa~d prornissory note and ~hii
;~ge a~y or ei~her, .~d sa.d costs, char~rs .+~.d •_xpenses, each and eve.y, si,afl tk i~r„nrd~atefy dve and payable; whether o~ not the+e be notice dz
, otternpt to co;:ect or suit pend~ng; and +he ful: anwu~~t oi each and every such payrt.enl shali bea~ ~MCrest ttom the date thereof until paid at the
~~~.,e per c:nn.~„ y~•: oti „~.d ccs~s, ck.ryre a•,:i ~¦;,oi~i,s ~rcu:rrJ or pa~d, toyrtner 1Y~~h such ~merest, shall tx secured by the I~en of this
. ~r :age.
6. That (a! in the event of any breacfi of this Mertgage or defao't on ti.~ p:~rt ef the 1,10RiGAGOR, or ;b) in the eveN any of sa:d sumf Of mo~ey
h~ n referre~ eo be no~ pron~Nfly ar.d 'ruttv pa~d lw~h~,; th,rty (3t~) d.+ys r.cxt a~rer ii,e sen~e sr+ere:ty become due and payabte, wi~hoW damend w notite,
: ~n rhe evenr each and every the snF.uto~~ens, agreemtnfs, cond.e:cr.s and covenanss of S3:d p~omiswry note and th~s mortgage any p e~ther are not
..~.ro~~~p~~y and 1~i~y N~ r4or~neo. ;l.s.t~ar:~._d. rae^:trd. rflec~_d comF. er.d co.•,;:~.~rd .:~ih and ab~ded 5y. then ~n e;ther w a~y such event ~he sa~d ag-
, ~ s~m mcn~~o:ieci ~n sa~d pro~n~sso~~ n~ee ri:en rc.~,a~n~ng u~~pa~d, wuh itde~a~t ;:c•ucd, and all moneys sec~red hereby, shall become d~e and pay-
torsh,vrth, or therea`r~•r, a~ ~he op•~on ot sa..i l.tU~1;,AvEE, as 4u~~y .,nd tO~n~,:rtc:y as ii all of the sa~d :ums o( mortey were o~~yinaliy st~pu~ated
~ p.+.d on svch d:~. any~Fung in s.j u L:G'~:4SC'/ ncfc a! i,: ti~is ~.!urtgaqz tu ~t~_ iontcary no~w~thssa^~!~~~; and tht~rcupon or fhereaiter at the option of
':,ORiGAGEE, r.:~6.:~u! nonce o~ d<~n.+~~d, sr.: at i;.v c~ in rq~~t~, thrreti.re or :her~~after begu~, may be prosecuted as if all mwieys secured hereby
. .1 ..~aiur~C~ F.r~Or t0 it5 i~iSli~ut~Gil.
7. Tha+ ~n ~he eY^::t t1,at o~ ~t,~ b~y;nn'~~g ;f ur ar an~ !l.:a Nendt~,y .;ny s.,.t ~,•on ihis Nortyage, or to ipreclose it, o? to reform it, or to enforce
,i ~i ,~ny ci:: : s te•ev:.d ~r, u~~~iJRTUNVti 5ti~;i ..~.~..y ;o ~h_ C~~~rt q;,,n,:i c;~o,r c~;•_rc~if for the appo~ntment of a Receiver. such Court shall
',.:•h apF:or.~t a rc•:e~:cr et s<id r. ortqay_d cr_:; ._~ty all ono i:ny~~'~r, i^..:~d n~ ~,t a~~cs s~ : ju~ar the intome, proFds, issues snd revenv@S frOm whatever
.'~~?,riozd. G3<h a~,d every of w:~.':. rt:.~~.::y ,•ess~.y u:~d~~rssoecf. ~s ~,rr_~cy ::,c~rq.,ped as if speciticat:y set for~h and desaibed in the yran~ing aod
_!;:m cavsea F.er~~ot, ar.d sv:F. Re._r:rr shal= h..,• a~l thc brcad and ei:tti•:ve f~•~~' o::s .~~~d powers in anywne entrusted by a Co~rt to a Rece+ver, and
> pom'mene s~..~~~ bt~ r:a3e by svch Covr! :js a~ .,d eo;,~~y r.,d a a'rer of a~~u:.u~e r:ght to sa~d h102iGAGEE, and withcut rcference to the
..:,;y or ir~adeq~ac~ af ii~r va1~r of ~i,e p•opr:~~ n.L~r~.,~r:i or io tF:a so..e o: ~~~:u::e:f:y of said M6RTGA=OR w the defendants. and ~hat sueh
.~•s Fiohts, ir.CO~rC, +ssvrs a~d r~•~er:~es snet! be aF;pi;ed by s~ch kec~n~er o~_~_~r.~~~~~g rc th:t Gen or eq~ity oi sa:d h10RiGAGEE and the practice of such
---:t.
8 To du:•y, F:nm~ct':y and (utiy per"o.,,~, d~scha~ge, eaecute, effect, r~~nplete, co~~ u~~ w;rh and abide by each and every the stipulations, agteements,
....•ns a~~d covenants ~n sa~d orom~ssory na•e :,:~v th's ma~tgage srr ~o~th.
9. TF.a! i~ the c~-a•~t !hc ownerstilf, ei th~- n~.crtg.,ged ~rc-~.~iszs. o: v pa~t tnc~rof. b^come3 vested in a person other than the MORTGAGOR, fhe
. :.GE:, irs svcc_sso~s a:.ct as•~_ins. ~^:ry. rh;~_! •,o':ce to r~._• .':O~l~,~~O~. dra~ ~:~~h such successor or s~ccessw in interest with reirrente fo this
:.`3e e:.d tV,~ d..ot t.~•ei~{ s_~_,;red m ti,.~ s~n;e .~r as .y~th !l ,rt~~gor w.thou! ~n any way vi7.ating or cl~scha~gi~g the Martgagori liability ~re-
or ~E<:n rF,-~ d~~~,! he~e;, ..::d .c s, •r oF i, ~s•~: h~r~•bi ~r,urt~~grd a~~d no forbea.an~e on the part of the /dORTGAGEE a its successors
. ~~s .s-d e.;c~,s o:s ot ~nc• r6<• .y,.r•~~ or rl,e ceb~ h~,~}:y srnr.cv gi.•en by the !'AORTGAGEE or iu succesaas or ass:gas, aha!! o~erate
_ ,se, ci s_h~:ve. mod~fy c~ 3rge cr ~tie:t :iae r,i.n.~i l~.~b !,r~ 04 the Y..G~iG :Gvu +~e•Ye••, s~•!~°• :-~ho:e or in part.
1'J. h is sp~•c~~~r.,~:y ,.grred thar ri,ne is oi th~~ es:ence of tha co•~::acs a:ed that no waiver of any obl~gat~on hereunder or oi the obligation st
d h~reby sha'~ at any tin,e rh~rea'te+ be tie~d to 6~ a v:al.er of tiee 'zrms hereei or ef Ihe instrument sec~red herby.
t 1 ~n :;i t r~.r F~,.,3~ ••F <s or p.~-,c p:,: ~~d e,~ ~.,s+ r~q,,.:ed by Nie p~om•uary no~c. secured hereb~. mortgagor covenaNs
:er tu ~ay ~o ,•,:.••~.g^e v.ifh e.:t~ m:;:.~~~y :;af~ :e.,: ar, srlci •:o~~a: sv•n cs: ^.a'ed by morty~gee to be eq~al to 1'12 of the awn~at cost of the fallow-
A-A~t rcal ~;n~~.-;-ty ta,-s +c~~_~ o• assrss:J sr r.,,• above des~r~r,•:d rea! esr~te.
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i ^ • . ' :,:.r~f y, rrd te b~ c.r. ~ne im~xova*neots s;tuate on the above d_scribed premises.
t . Pr=:••.~.:,.s o, .,:.a• n.,n -~`r. ~r;,~:. =e r,s ,r.c,~:~a:ee s!:a;; fr•,, r r, •o tr~nc• deem iit to carry on the loan secured hereby. #
E +Aort~a:~~•c s. +~:~.r r•:~.. rr~ , f, n,~.r ~~r ;n rrrit~ny cf thr ..-o~~t d~e a~d pa~rable hereund~~r and such sum sF.a:i the~eupon be d.x and ~
t e c~ .n, d. u!~ et i~~ ~~_x~ r.;:• r:, F,at,•~n1 and e~ch sv_cess~ve ~~c~,th h~creofter unt~: mortgagee sha!1 nohfy mortgagor of a thartge in sueh }
~ . Such suns stia t be .;F~~':•:d i,y ~.or:g~•_~:e ~c:.a•d ti,e peyment o4 re.a! pr~p.~rty taxes, i~surance pre~n:ums, and m~rlgage guaranty insurarcce ~
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} f!J tlITPJESS ;:NEREGF, t' e sa:d .V,J~i"~rG;:~ ieas hereu•ito set his har.d and s_•ai the day year first~atwesaid. ~ i
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and elive d in tFe presencc of:
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~ . °F F`oR~oA 308'733
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Befo~e me personaliy appeared ______~pSpTh !1_ I_a;tnnt~7 a S~nn],e aC~lil r
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~ Gs7wife, to me well known and known lo me to be ~
' :d~~iduai d~su~t-ed :n and ~Aho exec;;trd the foregoing instrument, and acknow:edged before me that he exetuted the s;p1C..(q ihe putposea
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~ expressed. ~
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~ -•.~,..aw«.-b~y-rwc w.~~.~ep~.al~w~d~p~w~~.ow~~er•s~id-huai~.-a~kw~.iedJeJ1~«.dbeirre~ns~be~~tw~eweRNed~sl~iiiplw~n?k~d~y:llw~voi~rr ~
~ _~F~.d_vs-tuc.ut~ov..c~~~,~:s~coc~at~~ac.~acre~csa~~orlexoLorJ~vm~rjaidbus ~ . -
~ WITNFSS my 'r.a~d ar.d offiual sral th,s_ g_~ day o - A. D:j~~i9 ~
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~ Notary Public in and for tFx s'qf-
My Commission expire3: ~-~'~~s•;~?`
r~ Re:urn To: - ' - , .
~ ,r Fedecal Sarings S loen Assoc~ai,cn
~ of ~on P . c ~y ~bjk, StaM of ib?~dv ~ !a~
Fprt Pi.~r~e-. Fiu•~~t~
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Mfll~O+ `r ~MirM ~M ~ ~Y~h
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~ This Instrument Prepared By ,T ~phert s~ 1r .
~ F~rst Federal Savings 8 Loan Association
~ of Fort Pierce~ ?~orida
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~ C hecked By ~ - - $flQ1( ~rVV PA(,~ 2~~ ~
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