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To ptac~ snd contiouousty keep on Ihe Iwi!d~ngf now or he~eafrer ~irue~r on sa~d land and on all equipnent and persona~ly covsred by ~hi~ mort~- +
egs, wilh all prsmi~ms the~ew~ pa~d in full, tire i~s~rance in Ihs usuat sfandaed yoficy form, in a sum approvad by the MORZGAGEE, ~nd wmds?orm ~
~nsu+u~c~ in tM usual ~~~ndard pol~cy (am, in s sum app~oved by tfw MORiGAGEE, in tuch compsny o~ companiss as IM MORTGAGEE may ?
d'uec~; a~x) all iire +nd winditwm in~urance polrues on any of aa~d bu~:d~nys, any imeretit thaein w part ~hereof, in ~he a99re9ate sum alaesaid or ~
in excest thereof, ~hall cantain th~ usual s~andard mwtgegee c~~use o+ such othe~ clause at th~ Mortgagea may requi~~, m~?inp th~ loss u~+de~ sa~d po16
iies, each and every, payable Io said MORiGAGEE as ~ts inter.•s~ may appear, arxf each and e~ery such pol~cy shall be promp~ly sas gned and de:i~ered to
eny Asld by said MORiGAGEE as furlhe? ~ecurity to said morlgage drbt, and, not Icss tha~ teo (103 daya in adrsnce of the eapiranon of each poltcy, to dN ~
t~Yer to said MORiGAGEE a renewal the~eof, toge~her with a rece~pt to~ Ihe premium o~ such reoewal; and there shall bs no f~re or windsto~m in~ur~nc~ ~
placed on any of taid lwildinys, ~ny intera~t 1Aerein or part Ihe~roi, unfass in the form and wi~h ths loss payoble as afwesaid; and in the evenl any sum
oF money txcom~s payable vnder such policy a policies aaid MORiGAGEE shnll have ~M opt~on to recaive and apply the same on account of Ihe indebted~
ness secu~ed hereby or to perm~t said MORTGAGORS to receive and use it p any F.a~l therrol for a~her purpoira, wi~hout th~reb~ .va~„h~3 0~ nnpain !
~ng a~y equ~ty, lien w r~ght urtdcr a by virrue of this mo::gage; and in the event sa~d MORTGAGORS sMll ta any reason fai) to keep ~he sa~d premiws w 1
insurrd, w fai) ro delive. promplly any of said polk~es ol in~ura~ce to aaid MORTGAvtE, a iail promptty to pay fulty any premium therelor w in anq ~
rrfpeCt fait to perform, d~xharge, exe:ute, eftect, comp~eta, comply wiih and ab~de by thts covenaro, a any part hereof, aaid MORTGAGEE may place a~xi
pay (or suth ins~rance or any p~rt thet~eof withovt waiving or affecting any opfion, iicn, equ~ty, or right under w by vi~tue of this Mo~tgage, a~d the ~
f~!I amount oi eacA and eve.y such paymenl sh.+ll be immediately due and payabie anJ shatl bear intere~t from tho date ~hereof umil pa~d st the rate o1
~~:~~e per centum per aan~~n and tc~ether v~~th such inter~st shail ix sec~red hy the lien of th~s mortgage.
4. To pemiir, tomrnit or suHer no waste, impairment or ~eteriora~ion of said pro~xrty Or sny pa?t thereof.
5. To pay ait and singular the costs, cherges and expensrs, in:Iudmg a reasaiable atraney i fee and costs o( abstrxts of title, incvrr~ p paid a1
~ny fime by sa~d A10RiGAG:E, beu~se a in the event of ~ha fa~iure on ~he pan of ~he s~~d MORTGAGOR ro duty, prompNy and fully p@rfwm, d~uhargs.
~_xec~te, etfect, complete, compty with and sb:de by each and every ~he stipulanons, agree.»ents, cond~tions, end covenants of said promiaso~y nofe and ~his
:,~:~rrgage any w e~~her, and sa;d costs, charges and expenses. each ar~d ever~, shall k.e im~n~>desiely due and payablr, whe~her a not there be notice da
mand, auempl to co:iM w suil pend~ng; and ~he full amoum of each ~nd every ~vch payment shall bear in~erest from Ihe datQ tFKreof until paid ~t the
oj n+oe Exvi censum p~•r a,~n~nr, arw oll sa~d tcsts, cha~gea and erp.:ns~_s ~~c~:rrd or Na~d, together weh svth intetest, shall be securtt! by the lien of thif ~
mortgage. ~
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6. Thal (a) in the event of any breach ot this Mortgage or default on the part of the MORTGAGpR, w(b) i~ the event any of :aid sums of money ~
herein referted to be not pron,ptfy and tufly paid within th~rty (3J) days next ait~r the same severatty become due and payabte, withoul dernaod or ~otice.
or (d in the r+ent each and every the stipu:aucns, agreements, cond;tio~~s and covenants of sa:d promiswry note and th~s mortgage any a e~1h~r are nol !
iuly, Fromptly and futly pErfonn<d, d:scharged, eaecv.ed, eif~de~, cannteted, co npi:ed :.~+h an~ ah:ded 5y, then in either w any such eveot the sa~d ag
gregate sum mennoned in said promnsory note. then remain~ng unpaid, w~th ~me~e>t aurued, and all moneys secured hereby, shall become due and pay- ~
ab'e forthwith, or thereafter, at the oprion o4 sa~d MORTGAGEE. as fu+:y and comp;erriy as ii all of the said sums of money were o~ginally stipulated '
te be pa~d on xuch day, anything in sa:d pr,;o+nso~y note or io thi~ tito~tgage so the cot~vary notwithstsnding; and therevpon p thereaf:er at the op~ion of
sa:d MORTGAGfE, without nor~ce o~ demand, euit at !aw or in equiiy, rherefure or tAereaiter begun, may be prosecuted ia if aB moneyt secvred M?gby
n: d matured pnpr to ds instdution.
7. Tha~ in the evertt tF.at at the beginn~ng o( or a1 any t~~ne pend~rg any s~ t upon ~his Mortgage, or to foreclose it, o? W refwm it, or to enfo~te
.:;ment oF any tleims hereur.der, said MORTGAG;~ ahail apply to the Court hanr.g ~4ri~d.ction thereof for tfie appointmenf of • Receiver, suth Court shall
rr,v~~h a~~w~nt a receiver of aaid rr.ortgag~! prorc~ty ali and airtgular, inc~vd~ng anc s~nquia~ the income, profits, iuues and revenue? from whafever
ce derivzd, eath ar.d r~ery of wh~ch, ~t be~ng express+y understwd, is ner_•by morrgaged as if spec~litally ut iorth and dexribed in ths granleng artd ~
>,i endvm clauses hertof, aixl suth Receive~ sha11 bave a!! the broed and efiet!:ve fvrt' wu ar.d powers in anywise emrusted by a Cou~t to s Reteiver, and
s:t~ appeintment shali be made by such Court as aa adm;ttrd eg~ity and a m.aner of abso~.~tr r~ght to said MORTGAGEE, and without reference 1o the `
!!iIi'yJ3Cjl or inadeqvacy o~ the valoe of the property mortgeged or to rne so.v_ncy er uuoi~ency of said MORTGAGOR p the defendants, a~d ~hat such !
~~s, prof~rs, income, issues and revenues shall ~e appl~ed 'e~• such Recriver rc:ord:~:g ~o the lien w equity of said MORTGAGEE and the practice of such
Ccurt.
8. To dv!y, promptiy and fully perform, discharge, execute, effect, complete, cumply w~th and abide by each and every the stipulations, sgreements, i
__:.dn~ons and covenanrs +n sa~d praT~sswy note and :h:s mor~gage se~ fonh.
9. 7h~t in tFe evertt t~e owr.ership os th~ mortgaged prem~srs, o: a~~y Fa~t tt,ercof, becomes vested in a perwn other than the MORTGAGOR, the j
:•~RTGAGEc, i~s succrssers an3 assi~r.s, rney, v,~:F.out not;cc- to +he t:.U~?G,=J~, dedi ~,+rh such succeuw or successor in interest with reference to this
c: rgage ar:d ehc a~b~ hare5y secu~ed in t6e same manne~ as w:th ;.!o~t~,gor v.nh„ut in any way vitieting or diuhargirg the f~lortgagors' liab+lity herr
or uF•~n th~ debt here~y sewred. No sa~ of the E•c~~:~ies h,reb{ rnor,•gaged ard no forFiearan~e On th! Rart Of the MORTGAGEE Or it3 fvCClSSOtt -
c• oszi3ns and no exrers~on of the ti~r.e for the payment ot the deb~ hereLy sec~r~d q~ven by thr !'dORTGAGEE or its successws w assign~, stiall operote
~o re~ease, d:scharge, modify change or afiect rhe o•~y~~~.:t i~au,:,ty of rhe IJ,CRiGAGAR herein, either in whole or in part.
10. It is spec=!~cai:y agreed rhat rime is oi !h~ esser.c^ of tt~is contract and thal no waiver of any obligat~on hereunder or of the obtigation sr
c~•ed hereby sha:~ at any time thereafter be heEd to be a v~a~ver of !he terrns herccf ar of the instrument secured herby.' .
11. In .;;id.;:o : ro +E,e !c~rgc~:g mor.th!y ~..,~me.^.!s of pnn; p3i and ~nrerese requ:-rd by the promissory note secured F.ereby, rtwrtgagot tovenants
d ag.ses ro aay ro .„o-ry, ,~e w+~h each c~~•~~n'y par:=ent ar add,-~o:~a: s~m er. •~:ared by mortgagee to be eq~al to 1; 12 of the ann~al cost of the foilow-
A--Ati rca! property ~axrs ~eiied cr asses:~.d ,g~~ ,st shc a:;ove desa~ced r.at es~ote.
~ 6--Pt;:m~u•t:s on f~re ard ,v~ndsro+m ~~s:.-a:.ce ~s i~e•e;n r~~q::red to be car.ied ~n ~he improveme~ts s;tuate on the above described premixs.
C-P:em~u«~s on s,,:h r..crtgage guaranty ir.s~~+a-,:e as mc•tgagee shail from. t'me to time deem fiT to tarry on the toan setured hereby.
tl,orr~agce stia:4 from c~n.a to tune ~ctH~ m.o~tgajor ~r. v.r~t~~;g of the Rr, o~nr duc and payabie hereunder and suth sum siwll thereup~n be due end
.~b!r on thr :ivr ciat-~ oi tne r.ext no:~th:y pay~rtnt a~d each s;;:cessrve mc^th the:e~fter until matgagee shall notify mortgagw of a change in such
o:.nt. Such s~ms s}:a:l be app!ied by mortga3•>e toward ti,e pa.ment of reai prope•ty ta,ees, insura~ce prem:ums, and mortgage guatanfy insurance
r~n~wmS.
IY Y+iTNESS WHEREOF, the sa~d tdORTGAGGR has here~~to se! h~s hard ar.d seal the day and year first afw id.
~ Signed, Sealed and delivered i~ the presence of: /7
C • ~
~ c (Scal)
~ ~ ~ ct-stit~ts i ~ {Seaq
~ - Cleo E. ~~mmon
~
~ - - ~Seaq
!
FtORlDA t
.-^.::fJTY OF St . Lucie ; ;
Befwe me personali appeared _ _ _ CZ1FfOYt~ B. Hammond t i~~
C~EO E. Hammond his wife, to me welt know~ aod kodvm to rtjd~to be
t~~e individvais desa~bed in and who executed the foregoing instrument, and acknowled3ed before me that they executed tb's•ss+~te~tfo~ tf~ejpurpqses,
. j . -r
+~e•e~n ex ressed. And the said - C1~0 E. Haminond . ~
P Clifford B. Hammond "f~' -
~ of ft,e ~~d - o
~s~.iie..~P.w",a,: - -
4 D
nanon by me taken separate ared apart from her sa~d husbartd, ackr?owtedged to and before me that she executed wid i4st ntC~r~ i,~rolun- f
.y ar,d w~thout any compulsion, conshamt, apprehenron, or fenr of or from her said husband. :,,~~r,
~ WIThc55 my hand and oJfitiat seal th~5__ 2gth ddY of u ,A. D. 19 ~5
, . ~ .
_ ~ • C~ G~~.`~ r%'
ti Notary Public in and fw the Statetof Floridi ~~arge
~ My Commission ezpires: nl ~ /7
~ Retum io: ~~'~-T T~
g
; ~;rst Federal Savings a loan Associat~on
~ Of For! P•erce. ~
~ Forr P~erce, Florida FILEO 4ND RECOROEO ~
ST. I,uCI~ COUNTY F~A. }
~ ' ROCEf POiFRAS ;
3 CLERK Ci!tCU~T CCURT '
REC~RD YER!FIEO `
~ Hal Roberts Jr. ;
~ This Instrument Prepared By J• - ' 3~ 3 02 PM ~~5
~ First Federal Savings & loan Association
~ of Fort Pierce , Florida 33450
~ Checked By ~
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~ ~ F
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~ • 8GOtc~~~ ~l~E ~ ~ ~
c s~r
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