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9. To pl~c~ and co~tinuously kNp on ti?~ buildi~gs now or hK~ahN N~wb on saW I~nd ~~d oe ~11 puipe»nt u~d pasonally oovK~d by th{s morp~ t
p~. with ~Q pnmium~ tMtton paid in full, fkv inwru?u ie tM uswl sund~rd poticy form, In • w~n ~pprowd bp th~ AAORTGAGEE, ~nd wind~ronn
Mawanc~ in tIN wwl s~u?dard poi~cy fam, in a sum ~xov~d by tM MORi(~AAGEE, In wch comp~ny a oomp~nih a tM MORTGA(iEE ~+wy
dind~ ~nd all fin ~nd wie~ehtonn inwra~a poliei~s on any of Ni1I EV~Wifg~ NIY Ifllffpl IINfN11 OI ~A/t tAN~OI, M th~ ap~rpah wrn ~foraaid w •
M ucau tlw~wt. ~hall conaln ~M wwl sandud n+or~pap~t clws~ a sud+ alw~ c~ a tM Mort9pN m~y ~pv'u~. nwkinp Hw Iws w~M+ a~id po1M~ j i
cia. ~sch ~nd wNy. P+Y~bN to s~id MORTGAGEE a ib in~Ka1 may app~w, u~d ~ach and wKy wch polky ahall b~ promplly ~u.pn~d ~nd d~liwnd ro«,
~ny Mld by ~aid MORTGAGEE ai fu.rAe? ~ewriry to iaid mo~tQape d~bt, •nd, not I~ss ~hu~ t~n (10) day~ tn ~dv+no~ of tM ~xpk~tbn of sach pol+cy. w dr
Rwr ro said MORTGAGEE • nn~w~l ~M.w1, top~~lwr with • rec~~p~ t« ~M P.«++n,m ot wch ~~wdi Md tha~ ~hal1 b~ no f'us a winds~am 1nwr~nq '~j
plaad on any of ~W buiWinpi, any inter~st thw~in or part tMreof, unlrs~ in tM io~m and wlth tM Iw~ payabb as ~ionsald~ ~nd In tM ~wnt ~ny w~n
d mon~y b~oonw~ pay~bl~ widu such polisy or polici~s wid MORTGACaEE ~hall Mw tiN option W nc~iw w~d apply tM s~rnt on aaouM of tM Md~bt~d
nas wcw~d Mr~br a w p~rmil s+W MORTGAGORS to iw~iw ~nd us~ M w ~ny p~.t Nw~wf for ottwr pwposa„ wi~hout thMSb~ walvirg a~npaia '
Inp ~nY puity. li~n a~iph~ w+d~~ a by vkh,e of Ihis mortpap~j ~rd in tM ~wnl said NIORT('s/1GOR5 sh+ll for any ~wson f~i) to k~p tM s+id pnmi~a w
kuwd, w f~fl b deli,n? p.anptly ~ny of saW polici~s of insuranc~ ro s~id MORTGAGEE, w fsil promptly 1o p~Y fully ~ny prM?iwn tF~~for or in an r
n~p~ct fail b paforrt~, dixharye, ~xecut~, ~ff~ct, CO/I~ilfff, comply with +nd ~bid~ bp tNs cov~n+nt, a any put hu~ot, said MOATWIGEE m~y plao~ •
paY fa such lrovr«~a or any paA ~FKreof without waivirg a aff~ctkp a~y oprion, li~n, p~ity. w ripht w~da w by vhtw of this Mort~ap~. ~nd t
fvll arnount of e+ch ~nd ~wryr wch payrtNnl ilull b~ imm~diately dw ~nd p~y+bt~ and sh~ll b~ar Intu~u fran th~ daf~ thsr~of vntil paW ~t th~ r~t~ o
oier pw t~ntvm pa annum and togt~he~ with tuch interest shall be satured by the li~n of tha moctp~pe. •
4. To ptrmi~, commit w suf(~r no watt~, impa'umtnt w deterio~ation oi said propKty w~ny pitt thKwf.
S. To pay dl and sinpvla th~ cosa. d+arqN and ~zp~nw~, includinp • nasonabl~ at~o~n~y's h~ a+d aosn d abstr~cts of titN. MKwr~d o? pNd a~
sny tirn~ by aid MORTGAGEE. b~cw~e or in ~h. ewm of ~M i•ilvre on ~h. p+n of ~M sak! MORTGAGOR a duly. P~~Mh? fi+uY P~?form. d~scM~t t
~xecut~. ~f(eq. comple~~. comply with and ~b;d~ ey ~ad+ and every the ~tipula~ions, ayr~ots, conditioia, and aow~ants of s~id promissory not~ uid t!?W
mortp~ any o~ ~i~ha. and s~~d cost~, chup~a and exp~naes, e~ch and ~wry. ~F~all lmrtwdi~taly dw u~d parabMt wMtM? w ~ot th~?~ b~ notioe d~
mand. att~mpt ro coll~cf w wi~ p~ndinpJ and tFe~ full ~mounr of eich a?d ev~ry wcA payment ~ha~l b~a. inr~refl from tl» daf~ tMreof unNt psld ~t IM ;
rate oi niae per es~twn pa +n~wm; and all said oosn, charp~s ~nd eicpenses incwr~d or psid, top~tMr with wch k~t~rpt. ~Mtl b~ ~~~d by tlw li~n ot tlu~
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6. Th~t W i~ tM ewnt oF any brsach of 1ha Mortyay~ or d~f~ult on th~ part of tM MORTGAGOR, or (b) in tM ~v~nt ~ny of a~d iw~u of ma~y ~
hsrein n(and ro be not promptly ~nd f~lly p~id within th~rty (30) days ~ext after ~M s~ sawrally b~cortN dw ae+d pay~bl~. wi~hout dan+nd w notit~, f
w(d In ths evenf wch ~nd every ~he s~ipvl~tiona, ~gr~am~nta. conditiaa and cow~?~nn of s+~d promis~ory noq and ~his mwqap~ aqr a~itMi an no1
~uly. panptly s~d tully pKfwm~d. d'aclurped. ~x~cutd, eff~ctad, canplttad. compl»d with and abided by. tMfl Ifl N1Mf Of N1y ~YCII h~flN NI? NiII i~
preyat~ wm mentaned in said promisswy note lhen remaininp unpaid, with imereit acaued, and ~II mon~ys a~tw~d hereby. sh~ll b~oomt dw and pap
~ble forthwi~h, w ~Mreafrer, ~t eF?~ oprion of said MORTGAGEE, ~s f~lty ~nd compl~~~ly ~s if all of ~he said wms of morKy wN~ O?i~1MIIy ~1~pvl~fCd
ro be pa~d on such day, any~hing in ss:d prom~ssay nae o~ in this Mwtpag~ to tM contrary notwithstandirgt and therwpa+ w tMr~afiK at tM_ option of
f~id AAORTGAGEE, wi~hovt notic~ or demand, suit at iaw a in puity, therefon or thcreaftar be~wy m~y b~ prosocuNd ~s if ~p monrys aKw~d Mreby
had nfatwed pno~ to its irulifution.
7. ilwt In the eve~t ~hat at the be9inni~g of or st any Nms pending any wit upon thii Mortyape, w ro f«.clos. or b roform it, or to ~nfwce
p~yment of uiy claims hereur+der, s~id MORTGAGEE shall appty to 1M Court havinp jur:adic~io~ ~hereo! fa tM appoinlment of ~ R~teivet, such Cowt shsll
fathwith ~ppoim a raceiva of said mortgaged property all and sinpul~r, i~clud~~g all and singvlx tfie income, profifs, itw~s and rwenues froen whatewr
sovrt~ derived, eath and every of wh~ch, it beinp expreu~y untlerstood, ii heroby matg~ged u if apetiiiully ret fwth a~d d~wibed in tM yruntinp and
h~be~dum davses hereof,. ~nd such Receiva sAsll have all the bro+d and effective funct~ons ~nd povrsn in anywis~ ~mrwqd'by ~ tourt to ~ Receiver, and
wch ~ppointmem shall be made by such Covrt as ~n admitted equ~y and a mstte~ of absolute ~iphf ro said N10RTGAGEE; a~d vrithout nferena ro tl»
~dequ~cy or inadequacy'of t!?t value of the property mw~gaged or to the iorver~cy a insolvency of sald J18pRTaAGOR a the d~fendanq, and th~t tuch
ren~s, profin, incane. issues ~nd revenues shatl be spplied by wcA Receiver ~ccordinp to tM li~n or puil~i of saW MORiCiAGEE and th~ practia of wch
CaNt. ,
8. To duly, p~omptly u~d f~lly p~rform, dixharqs, ex~cute, effect, tomplete, comply with a~d ~bid~ by Nch and ewry fM stipulations, preem~nb,
condit~ons uwi covenants in isid promissory rate and this mort~aqe set forth. . ,
9. That in the event tbe owrcership of the mortqayed premises, w~ny part thereof, beoomes wsted in.s psnon ofl~sr than t}y MORTGAGpR, tM
A10RTGAGEE, itt successors ~nd aui~ns, may, wi~hout notice fo the MORTGAOR, deal with such succei~p or suuessor in intKqt with rsf~rN+ce eo fhis
morty~ye and the deb~ hereby secured in the ssm~ manner ss with Nbrtysyw withoul in ~ny way vitiatirg w discFMrpinp th~ Mwt~apws' (i~bitity her~-
under w upon ~he debt hereby secured. No ssle of fhe premise~ hereby mortgaqed u+d ra iabeuanc~ on the put of the MORTGAGEE w i» wa.essora
w auigns and no ex~ension of ~he rime fw the psymem of the debt hereby secured yiven by tM MORTGAGEE w ib successws or assiges, sl?all op~rat~
1o rtkase, discAu~s, modify change or affect the orginal liebility of the MORTGAGOR h~rar4 eithe? in whol~ or In put.
10. It is spec~Fically agreed that t~me is of the essence of this contrac~ and that no w~ivei of any obliystion hereu~der or of ths oblipation se-
cvred hereby shall ~t ~ny fime thereaiter be hefd ro be a vraivcr of the terms hereof a of the irn~rument secured herby.
I1. In add~tion ro fhe forego:ng morohly payments of princ'pal and imerest requ+red by the pran'~ssary nole secured he~eby, mwtgagor covenanb
and sgrees to pay to mortgagee with each monthly paymtnt an addi~ional sum estima~ed by mortgsgee to be eqwl b 1/12 of th! annu~l tosf of the folbw-
iogs • "
A-All re~l paoperty taxes levied w ssxssed agai~st the sbove desuibed real estate. ,
6-Premiumt on fira and windsrorm insurance u here3n requKed to be carrisd on the improvenwnts sih~ate on ths above dewlbed premtsas.
C-Premiums on such mortgage guaranty insurar.ce as mortgagee shalt fiom time to time dtem PM to carty on thO bsn sewrld hereby.
Mwtgagee shall from ~ime to time norify mortgago. ~n writi~g of tF~e amounT dvs and payable haewdar and suth yum shall tMrtupon be due snd
payable on the dve date of the rxzt ~nonthly payment and esch successive month the?eafter u~til mortyaQes ~I?all notify mortgspor of • d+snge i~ wch ~
amount. Such sums shall be applied by mortgagee roward tFe paymcnt of real property t~xes, inwranu prem:wns, and mwtgspe quaraMy inwrance
P~~- ' ~
II IN WIINESS WHEREOF, the said MORTGAGOR hss hereunto set his hand snd seal fhe day and yeu. first afor~said.
I Sgned. Seakd ~nd desivered in tM p?es~nce of: i/,~,~~
~ ¢ ~faR
. Hiras L. '9wain
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STATE OF FLORIDA ~ . ~
St . l.ucie
courm oF
6efwe me perwnally sppeared H~Yd~ L. S~MIa~11 '
gtlae~ia H. Swain M. wif., ro me w~~~ known .nd kiwwn w me w b.
tl~e individuals described in and who executsd the forepoirg instrurn~nt, ~nd acknowledp~d b~fon rn~ tlrt tlwy ~x~out~d tM sarr» for tM pwpw~s
tlxrein axpres~ed. And the ia~ , Buy~ia H. Swa~T1
wife of ths a~d - Hizas L. Swain , , .f~
examination by me hken sepsrate end ~part fSom her ssid hu~band, adu~owledged ro~nd befon me that aM exewted said iint?umeo~~ely a1d volw~-
tuily and witF~o~t ~ny compulsion, co~atraint, ¢pprehsns~a or ftu of w from !w ~aid husband.
WITNE55 my h~nd ~nd officisl seal thi day of- `1Uly A D. 19 75
• Notary Publk in ~nd for tM t~ of Aorid~ ~t l~rp~ .
My commu.~on .xpir.s: /I • ~ ~ • y
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Retum To: f f0 AMO ftECORdfO .
Fint Federal Savirys a losn /~sodat~on f~ UC1E C01:Nt1f fLA. . 4
Of Fort P;erce. ~OGER POITRAS
CIERK CIP.CNIT COtlRt ti,~~~~~c~
fort Pierce, Flwida
REC4RD VE~IF 0~...
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This Instrument Prepared By Willia~ J. Roxbes ' _
First Federal Savings 3 loan Association = ~~~-~1~ : :
• ot Fort Pierce , Rlozida 33450 ' ~71~~'; h~
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Checked By L~ , ' •
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