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To pl~u ~nd con~i~uously ke~p on the bu~:d~nyi now or MreaftN ~ituat~ o~ uid land ~nd on ~II pvipnent and p~nonally oovN~d by this mor~ .
~p~, with ~il pr~miwns thtreon pa~d in full, fire insurance in tM uswt tta~+dard polity iprm, in ~ wm approv~d by tM MORTGAGEE, and windpwm
inwr~nc~ in tM u~wl s~andard pol,cy fam, in • sum approv~d by tM MORTGAGEE, in wch company a comp~niN a N+~ MORIGAGEE m~y
d'a~dj ~nd ~II iin ~nd windi?wm in~urana palkies on ~ny of iaid buildinps. ifly It1~OfN) IIIff~M O! ~f~ IIIN~OI, M fM ~pp~ep~~~ wm afor~iaid or }
In ~:c~u 1!?N~of, ahall con~a~ tM ~nual sandard ma~ya~ cl~vs~ a ~uch otha clauf~ ~s tM Mwty~ m~Y rpvir~. maUnp th~ losf wwl~~ a~d po1F
ci~s, each and ~vKy, p~Yabl~ ~o said MORTGAGEE as ib Intt~ql may ~pp~a~, ~nd ~ach a~d ~vNy such policy ~hall b~ p~omptly ~.91Nd MI~ dfIlVHfd f0 ~
iny Iwld by s~id MORiGAGEE ~s further iecurity ~o s~id mortpape deb~, and, not leu than t~n (10) days in ~dvanct of tM ~xpk~tion of e~ch policy, to da
liw~ lo said NORTGAGEE a rMewd thareof, tope~hw with a race~pl fw ths pt~mivm oi tuth r~ntw~l; ~nd tMr~ sMll b~ ~o f'u~ w windilorm inwrant~
p~~ad on ~ny of ;aid buil~n9s, any inte~e~1 th~r~i~ or part th~rw(, unleu in tFN iwm and with th~ lou payabt~ u atw~s~idt ~nd in th~ ~v~nl any wm ~
of ma»y b~can~~ payabJ~ und~? such policy p polKies wid MORTGAGEE shall Mw ths opt~on ro ~eceiv~ ~nd ~pply tM s~m~ on ~ccovm of tM ind~b~ed
Mss Ncur~d lN~~by o~ b pe~mit sait! k1pRTGAGORS to retsiv~ ~nd u~ B p~ny part lhereof for oiher purpoatt. without thM~b~ waivinp a ~mp~ir-
inp ~y puity, lian q riphl unda w by virtw of lhis morl~a9o; ~nd in tM ~vent yaid MORTGAGORS sMll fo? ury «awn f~il to ke~p tM aW pr~miiet so
insu~ed. o+ (~it to deliva promptly any of wid polKies of insurancs 1o sa~d MORiGAGEE, or fail promptly to pay fullr u+y pr~mivm thK~fw or In ~~y
rtipect fail w pa(wm, dixF?arge, txecute, ~if~c~, complete, comply wi~h u~d ~bid~ by this cov~nant, o. a„y Pan h.rwf, s~id MORTGAGEE may pl~ct and
paY fa iuch insuranc~ w any put theraof without walvirp a~ffettirg ~oy option, li~n, eQvity. ot riyht under w by virtw of thi~ Mort~aps. ~~d the
full amount of esch and ~wry such payment sMll bs imrnediately dw ~~d py~ble ~nd sMtl bear i~taest from tM dat~ tl+Heof u~til paid ~t th~ rab ol
nin~ pe~ centum per s~num and together with suth intcrest iha~l be secured by tM lie~ o( this mortp~~.
4. To pKmit, oommi~ w suffer eo wssts, impairment w deteriaation of said~ope~ty w any psN ther~of.
S. To p~y ~II u+d s&qul~r tiw cosn, cMrqes and e:penus, Includinp a reaso~+sbb ~ttorn~y i f~s and cosri of ~bstncb of titl~. k+cun~d o~ paid at
sny tims by ssid MORTGAGEE, bscause w in th~ ev~nt of the failum on 1h~ pa?t of th~ taid NIORTGAGOR to duly, p~omptly ~nd fully pHform, disrJ+u~~
execva, ei(ect, compkt~, oomply w~th and ab:de by exh and every the itipulat~o~s, ayreemants, condirioro, ,nd oown.nn of s.id p~omia•ory nw• and ~hu
mortyap~ a~r or eithe~, ~nd ia;d cosn, dwrg~y and expenses, esch and every, aMll bt immedi~tely dw ud payabl~t wMther a not tMr~ b~ notiu ds
mand attempt to colktt or wit pend~ng; and tM full amount of each ~nd rvery wc6 paymeM ihall be~r interoit frwa tl~ ~yy tFwreof until p~id at ~h~
• rate oi ni~e pe~ ce~twn per annu:n; and all said coats, chargei ~nd expenses in~wred w paid. together with such inler~st, shall b~ wtured by ih~ liK? of fhif r
r^4?~p+9~-
6. That (a) in the ~vent of any breach of this Mortga~e w default on tFr pa?t of the MORTGAGOR, o~ (b) in tM ~va+f any of ~aid sums of mon~y .
herein r~ferred to be nor prompNy snd fully paid within thirty (30l days ne~t after the same sevdally betome due and payabl~, withovt dem~nd or notite.
or W in tM event each and every the s~ipulations, agreements, cond~tions a~d covenants of s~~d p?omis~wy oot~ ~nd tA~s mort9p~ w~y a~itFw are no1
i~ly, promptly and fully perfamed, d;scharged, executed, effected. compl~ted, complied wif6 snd ~bided by, then in eitMr a any such ewM fM said ~g
g~egat~ wm mentioned in said promiuwy note then remaining unpaid, with inlerest atuued, and all ~na~eys sac~red her~by, aMll beton» dw and p~y~
able fpthwith, or fllpfNflN. at the opr3on of said MORTGAGEE, as f~lly and completely as if •II of Ihe said wms of mon~y wer~ pipin~ily stipulated
to be paid on such day, anything in sa:d promiuory ~ote or in this AM1ortgage to the contrary ?atwithstandinp; and thereupon w thereafta at the option of
ssid MORTGAGEE, without notice a demand, wit at law a in equity, therefwe or thereafter begun, m~y be prosetuted ~s 1f all nae~ey~ ~curd hareby
had m~tured prqr to in institution. ~
7. That in rhe lVMf ~FNt at the beginn~ng of w at any time pending any su~t upon ~his Mo.tgsge, or to fwecloa~ if, w to rofwm it a to ~r?forp ~
paymr?t of any claims hereunder, said MORTGAGEE shall apply to the Cov~t having jurisdiction thereof fw the ~ppointmeM of ~ Receive~, such Cowt shalt
fathwith appoint a receiver of uid mortgaged property all and si~gular, includmg all and sinyvlsr fhe incom~, p?ofits, issues and rewnues irom whattver
wurce de~ived, each and every of whKh, it being expressly u~?dastood, ia hereby mortgaged as if apecificslly set forth ~nd desu~bed in ~M yra~rk,g and ~
habendum clavses hereof, and such Receiver shaH have all tfie broad and effective funct~ons and powers in ~nywise Mtrusted by a Court to a Receivsr, ~nd i
such appointment shall be mads by such Court at an admitted cquoty and a matter of absoiute right ro~id MORTGAGEE, and without referente to ths `
sdequsty w inadeqwty of t1?e value of the properry mortgaged or ro the sonrency w~nsolvency of aaid MORTGAGOR or tM defendanb, and that svch ~
renrs, profin, income, iu~a and revenues shall be appl~ed by such Receive~ eccwd~ng to the lien a puiry of aaid MORTGAGEE and the practiu of wch E
Court. , J
8. To d~fy, promptly and fully perfwm, discharge, execute, effed, complete, compfy with ~nd abid~ by each and evary th~ stipulataro, ~gree~nenri, 4
conditioro and eove~eams in u~d promissory nota and this mortgage iet torth_ , ~
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9. ?h~t in the event the ownership of the mortgayed premises, a any part fhereof, becomes vested in a penon other tMn fhe MORTGAGOR, fh~
MORTGAGEE, ib succeuon and au~gns, may, wi~houf nouce to the MORTGAOR, deal wiih such succesao. w successo~ in interest with ref•.aoce a rhis
mwtgage and the debl hereby secured in the same manner as with Mortgagor wethout in any way vitiatiny or discMrging fM Mort9~yors' (iability h~re-
ureder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on th~ psrt of tM MpRTGAGEE a iri suaessws
or auigns and no extension of rhe time ior the payment of the debt hereby sec.,red given by the MORTGAGEE o~ its wccessors or ~ssipnb sha11 operat~
ro release, dixharge, modify change or afiect the wig;nal tiab~f~ty of the MORTGAGOR herein, either in whole or in puf.
10. h is specifically agreed that time is of the euence of this contrad and that no waiver of a~y obliystion hereunde? or of 1M ob1i~~Yqn se-
cvred hereby shall at any time thereafler be held to be a waiver of the terms hereof a of the instrurrxnf secured herby,
11. In addifion to the forego:ng monthly payments of princ'pal and +nterest required by the promissory note secured F~ereby, mprtgsgor ~pvenanb
and agrecs to pay to rtwrtgagee with each monthly paymen? an add~rionai sum estimated by mortgagee 1o be eq~al to 1/12 of the annwl tost of the follow-
ing:
A-Atl real property taxes lev~ed or assessed agaiost,~he above described real estate.
B-Premiums on tire and windstorm insvrance as herein +equ~red to be carried on Ihe improvem~,~ts situate on the above describtd premises.
C-Premiums on such mwlgage guaranty insurar~ce as mortgagee shall irom time to time deem fit to carry on ihe loan setured hereby.
Mwtgagee shail from time to time ~+otify mortyagor i~ writi~g of the amount due and payable her~vnder a~d such sum shall thereupon be due and
paya6le on the due date of the rtext monthly paymenr and each successive month thereafter until mortgagee shall notify mortgagtx of a charqe in suth
amount. Such sums sHall be applied by mortgagee towdrd the payment of reat property taxes, insu?arxe prem:ums, and mortgsge guaraofy inwranc~
Fr~miums. _
i IN WITNESS WHFREOF, ~he said MORTGAGOR has nto xt his hand and seal the day ~nd a ~nt ~foresa'
; " ned. Sealed and delivaed in the ptesence of:
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Naomi.S ?odd ~ ;
STATE OF FIORIDA ' ,jn ~ (Sea1) '
( ~ Bertha W. Todd, a.widow ;
couNrr o~ ~ St . I.uc ie ~ -
Before me perionally appeared Charles B. Todd Jr. and Naoai S. ?odd, his wife a„d
, Bgrtha W 20dd~ a O~dOw #AMf{o, to me"well known snd known to me to b~ 3
the individvals described in end who executed the fore9anp instrument, ~nd atknowledged bef~e me tMt thsy exetuted the iart~ for th~ pwposes ~
rhe?ein e:pre,soa. a,d rl„ ,,;d Naoni S~ Todd . ~
wife of th~ .~;d Charles B. ?odd Jr. and Bertha W. Todc~ a widow .,~,,.te ,,,d aw.»
examinatiw~ by me taken separate and apart.f»~iw.wiii~ra~aw{ ~now(edged to ind befwe m~ that ezetuted said iratrvment freely usd volun-
tarily and witFwot any compvlsion, constraint, apprehension, q fear Eif'tR 4r01R }1er ~ilpsHw/dr
WITNESS my hand and officia! sesl this '3I ~ day p{ Ju13? ~ p. 19 75
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= Notsry Publit in u+d f S1at~ of Florid~ ~t lupe
~ My Commiuion ~xpir
aerwn io: FIIE~ ANO RcCOk0E0 ' I t• 3••'r j
~ First Federal Ssvings 3 lwn As~ciation ST. LUCI~ CUIJNTY flA. y ~
Of Fort P~erce. aO~~ L'1T~~S ~y
f Fon Piorce, Florida CLEP,1( f':~~'T ~ _II . `.~s~'~He~~j~ I` :
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~ ' AfC~ yc"='£: QURT v' ,,1 *~.~_.3 ~~~i i
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~e~ 31 Z 46 P ~~5 - ~~j':~ :
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This Instrument Prepared By Willia,a J. Forbes 1; J ~ '
First Federal Savings d~ Loan Association - ; ;
S of Fort Pierce , F'lor ida 33450 3 Z a~~~ a
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j Checked By . • • '
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BooK 242 PACE 916
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