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To plap u~d continuously k~ep on tM buitdinps now a her~afta ~+tuat~ on iaid fand and oe~ ~Il p.:i~r.onl ~nd p~rton~lly cov~r~d by Ihb morlp~
+g~, with •II pr~miums theteon p~;d in iull, (ire insur~nce ~n ~M usw) •iandarJ po~icy form, in a sum ap~uov~d by ~ha JNORiGAGEE. •nd wind~~a~n
~nsvr~nc~ in tM ~wat s~+ndard pot~cy fam, ie ~ ~um ~pproved by rh~ V10RIGl1GEE, tn such canpany o? c~ommpani~s u th~ MpRTGAGEE n?ay ;
0
dirKfj u~d d) fin and w~nds~orm inwr~r+c~ ~policie~ on any of wid build,np~, any inler~~t therti~ w pw/ tAsr~of, in tM apyrc9~?~ svm ~fwesaid a
In exces~ !!Kraoi. ~MII conrain tl» vsual i~anda~d marpape~ ctausa a such otFw claus~ as th~ MonppN may ~equ«~. m~kinp tM loss un~r uwJ po14
ue~, each and evay, payab~s ~o ~aid MORTGAGEE as iti imnrest may app~ar, and each arsd ~~•.y ~vcA poliq shatl ix promptly ass.yn~d and daliv~red lo
~ny heW by said MORTGAGEE is furihsr ~ecu~ity to uid ~nortysge debt, and, not leu th~n ta.? (10) d~ys in advence of ~M ~xp;ration ol aach policy, ro d~-
, Iiver Io said MORTGAGEE a renewal fhereof, 1o~ethe~ with a?ecsipt (w the {uemium of ~vch ?~newal; snd tMr~ thaft be rq f'u~ w wi~d~lorm ieuw~nc~ `
plscod on ~ny of uid buikl~nys, ~ny inte+c:: ther~ie w p~?t thereof, ~nless i~ ~M fo.m •nd wiih the tos~ payabl~ aa rfu~said; u+d ~n the ~venf any wm •
of :aan~y becomes payabls ~nde? tuch policy or policas uid MORTGAGEE ihrll :uvt th~ optwn to ~tCeiw and apply H~s sart» pn ~cco~M of the indebltd
ne~s iecured hereby or to permit said N10RTGAGORS ro ?eceiw and use it or •ny parl ~hereof la othe~ purposes. ..~~hout thrretr~ wai~~ng o+ unpai+•
ing any equ~ty, I~ee~ w right undet or by virtw of thw mortype: ~nd in the evsnt sa~d M~RTGAGORS ahall fa any reason faH to 4eep Ihe said prem~u~ w j
~nsu~ed. w i~il ro deliver promplly ~ny of uid pol:cies of irts4rancs lo wid MORTGAGEE, o? tai! prorr:ptly 1o p+y fully aoy premium therefa or ~n sny
respect fail 1o perform, dluharge, executs, ef(ecf, comptete, comply with and abide by thla wvenant, o~ ~n~ p~t he~eof, said MORTGAGEE rrwy placr •nd ?
pay fw tvch insurance w any pan ehereof without waivirq or afFectinp a~y op~io~, litn, eqv~ty, w righ~ v~der w bi vi.tw of thia Matya~, ~nd ~ht ~ ~
full amouM of each and e~rery such peymeM shall be irraned~ately dw and payable ~r~d shall bear inroresl fron+ ~ha da~~ Ihueof untii pa~d at th~ r~te ol ~
nme per centvm pa anr?um and to~e~her with su-h inter~st sl.aii tx sewrsd by the tien of this mortqags. ;
1. To permif, tommlt or iuffer oo watte, impsirment w det~ioratan o~ said oroperty or any paA tMreof. ?
S. To pay alt ~nd singulu the costs, chuQes and eapenses, includ~n~ s reasonable atrwney's fee and coirs of ~bsh~cts of titl~, incurred o~ p~;d H
~~y tir+~ by wid MORTGAGEE, because or in the evenl of the feiiore on the parl of the said MORIGAGOR ro duly, prompNy and fully psrfwm, dixhsrg~
axecute, effec~, complett, comP'i with and ab,de by each and every the stipu~at~on~, ay~eements, condilion~. and covtnantt of said promisw~y note and t1w
n,crrgape any a either, and sa:d cosrs, tha~ges and c~penses, each ~nd every, sha{I be immediately due and payab:e; whethef or nor there be notic~ ds
mand, attempt to colkcl or suit pend;r?g; .nd the tull amouM of each snd every such paymeM shall bea~ inte~ssl from ths date thereot until p~id at Ihe
..~rr oi n~ne per centum per a~wwm; and all aaid costs, charges and Eapenses ~ncu~red or paid, loyethet wilh such ioteresl, thall be stcured by i3x lien of tlw
mortgage,
6. Thst (a) in the eveM of any b~each of this Matgaga or default on the part of the MORTGAGOR, o. (b) in the event ~ny of said sums of naney
here7n ref~vred to be not p~omptly and fully paid within thirty (30! days .~ext afrer the aame severalty becwrn dw and payabk, without demand p notice,
or (c) in the event each and every the s?ipulations, sgrtaments, cond~tions a+xl covensms c,( sa;d prom;ssory ~qts and this mo~Ipap~ any p ~i1F~ u~ np~
iuiy, prompNy and (ully perfwmed, d:uharg..•d, e:ecuted, elfected, complered, corop;,ed w~th and abided by, !hen in e+tF~er w any such eveM ths said ag
gregate aum mentaned in said promissory nota then r~mai~iny unpa:d, wiih interest accrued, and a~l moneys secured hereby, shall betome dw a??d pay-
ab!e forthw~th, or tFmeafter, at the opt~on of said MORTGAGEE, es fully and complerely as if atl of ~he said surns of money wert wi9inally st~pvlated
ro be pa~d on such day, anything in sa;d promisswv note or in th:: M.ortga3e to the cor,+rary nc~wi~hstand:ng; and ~hereupon or thereafter at the op~ion of
s.+;d MORTGAGEE, withoul notice or demand, s~it at law w in equity, therefore w thereaiter begun, may be ptosetvted ai if al) mot~eys satvred hereby
nad matured pn.• fo i~s ins:~tution.
7. ihat in the event that at the beginning ef or a1 any time pend~ng any su~t upon this Mortg~ge, or to forecipse if, o~ f~ Mpnn it~•or tp enforp
payment of any ctaims he~eunder, saFd htORTGAG:E s~a!I appty to the Court hav~r.g ~wisd~aion ~hereof for ~he appointment of a_REceiver, tvth'Covrt th~ll
Fo:fhwi~h appoinl a rece~ver of said mortgag~~d proFerty att and sir~ular, incl~rd~nq ail and singuiar the income, p.of,n, istv~t ~nd r~venues from whataw?
s~vrce derived, exh and every of wt:~ch, ~t br~ng exprezs:y unders~ood, is hereby morigaged as if apecifitally stt fotth and dettribed {e the'~u~ting and
haxndum clauses htreof, and such Receiver shali havr all th~ broad and efiecrive fuvct:o~~s anrl powas in aoywise eatr~sted by a Courf fo a Reteivp, and
s_;h appoictment thall bc made by svch Gourt as an admitted equ+ty and a rrwtcer of absotute right 1o said MORTGAGEE, and witlwoi t44uence `tp the
adeyuaq w inadequacy of the value of 1he property mwrgaged or ~o ~he su~vency o. ~:~savency o( sa~d M10RiGAGpR a Ihe defenda~ri, and ~hef u~e!:
r.•nis. profits, income, issves and revenues shall be app~ied by such Receiver accwd~ng to the lien ot equity ot tai~ b1pRTGAGEE and the FYattite of such
Court. '
~ 8. To duly, promptly and fully per(orm, discharge, execute, eifea, complefe, comp:y with and abide by eacF: and every tFa stipvlations, agreerne~t~,
~ ;onditioru and covena~ts irt sa~d prornissory note and this mertgage set foith.
9_ That i~ the evenf tl+e ow~rrsh7p of Iha mortgaged premises, or any part thereof, becomes vested in e psrton other tF+sn the MORTGAGOR, fhe
.:.~RTGAriEE, its successors and assigns, rnay, w~thaut r,ni~ce to the h:~RTGAOR, deal wfth such suctesso? a xxcessor in interest with refnence to this "
r~o~tgage and the debt hereby secured in the same manoer as with t.lortgagor w~thout in any way vifietiny or d~sths~ging fhe Mortgagots' liability hlra
;.-~der or upon the debt hereby secured. No sa:e ef tFe premises hereby rno.tgaged ar.d no forbearance on the part of th~ NIORTGAGEE or its successon
cr sssigns and no eatens~on of the timr for the payment of the deb~ hereby sec~red oiven by the MORTGAGEE ot its successoq or auigrn, siiall Opetate
~o re!ease, dixharge, modify cha~ge or aitect the orig.nai liao~t~ty oi the MORTGAGOR herein, either in whek or in part.
10. It is specificatly agreed rhar time it of the essence of this con~~act and that no waiver of any ob!igat+on herevnder a of ths obliystiCif te-
cvred hereby shali ~l any time :hareafter be he:d to bc a waiver of the terma hereot w oF the instrument setured he~by. ~ J
11. In add~tio~ to the forego:ng month•y pa~:n~n1S of pnnc'p~j and intxes~ req~~red by the promisyery note secwed hereby, mwtgsgor eovenants
and agrees to pay to mortgagee w~irh each'rronthly pa~r.,ent an add~•~ona! sum rst~mated by mortgagee to be equsl to 1/12 oi the annual tost of the foilow- c~'
, `yj
A-AI! ~eal property tarrs ~e.ied or assess~d against tF.c a~ove dcuribcd real es!ate.
, B-Prerr.~ums on fire ond :ri~idstam insurar.ce as herein requ~red fo be carried on the improveme.~ts situafe pn tiu sbove described premises. ~
C-P~emiums on wch matgege guaranty insurance as mo:tgagee shall frorr: t~me to time deern fit to tarry cn the loan secured hertby. {,,TT
Mortgagee shatt from time to t;n•r notify morrgagor in wr~t~ng of the amo~nt due and payable hereunder and sucfi sum shall thereupon be due and
.;~ble on the due tiate of the next monthty payment and each successive month thereafter urtil mortgagee shai) ootify mortgsgw of a change in suth %
='~ount. Such sums sF.all be applied by morty-agee toti.ard tf:e payment of reat property taxes, insurance prem:vms, and mortgage guaranty inwrance
~~n;uma. . .
1
IN YATidE55 IVHERFOF, the said MORTGAi,pit has hereu.~to set his hand and seel the day a ear it sfptessid.
Signed, Sealed and detivered in the presencc of: -
flLft' f?~_*~EV~+?QE~ ~ ~
_ s?.!.lML~.~ an '
~~r _ '''~S RT '~L 4
s~taf .~:v~: cau 'r 'n .
~ ( p:t,p~; ~.F•;ri~i1.~..,------ ~c.
a~
5'ATE Of fIOR DA ~l ~ ~15 '
~ CJUNTY OF St. LuC1P _
~ 3~~0
f Before me pe~sonally appeared Riehard F. Allard
ard ~
~ . C~'t?.ryZ S. ~llaad his wife, to me well known and known to me to be
fFe individuats desuibed in and wta executed the fwegoang instrument, snd ackrwwledged before me that they executed the same for tF+e purpotes
! therein expressed. And the said Cheryl ?3. ~ ZZFI Tf~
~
; r:~re of ~tx ~~d _._Richard E_ Allard uQo,,, separate ~nd prrva~e
=;~:nar:an Ey r.x taken sepa~ate and apart from her said husband, acknowledged to and befwe me that s1~e exetuted said inst~ument freely and volwf-
!ar+ly and without any compu~sion, constraint, apprehension, or fear of or from her said husband,
' WITNESS my hand and off~clal ~a~ ,?,;L _ 16th day of September ~ p. 19 75
otary Pubtic in and fw the State of F{orida at 4rge
y Commiuion expires: ? ~
Return To: /J~ y
First Ftderal Savings a Loan Assxiation
Of Forr P~erce. - .
: ~
fort Pierce. Ftorida ~ ~ ~ ~
~j ~ ~~11~~• / .
. ,'J : ' ~
. •.l' V • 7~
7his Instrument Prepared By J. f{~1 !'^hQr±s, J. b~l~;~ j~ ~ :
First Federal Savings & Loan Association = ~ = '
of Fort Pierce , Flo rida 33450 ~ ~ ~ : ~ ' ,
~~:v(.~~ ~
.r~, ,-l. ,
Checked By - • - • - • ` ~
, .
~~~~l1is.~ci~cs.~
eoo~~43 P~2580 ~ .
, ~ ; SA
.
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