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3. To plact ~nd conri~uously k~ep on th~ bu~td~nys rww a Mr~~NN Wtv~~~ oe said tand and oo all puiprwn~ ~nd p~rwn~lly cov~r~d by thi~ ma~ ~
p~. with dl premiums tF?Heon pa~d in (uil, fir~ i~~ur~nce in ~M ~~wl siu+dud policy fwm, in •~um approv~d by ~M MORTGAGEE. ~nd wind~twm '
t~w«.c~ in tM ~wal iandard pol~cy fwm, in • sum spprov~d by tM MORTGAGEE, te wch comp~ny w tompMiN a th~ MORTGAGEE mar i?J
dk~ctj and ali fk~ u+d wiedswrn+ in~ur~nc~ policies on aoy of f~id bYfWinp~ My inNfbt iMlfkl W p~~l (ANWf. In ~I» pqrp~t~ wm afor~Nid a
M~xaa N+Kwi, ~hall ca+~ain ~M ~swl •randerd mor~9+~+ ciwa a wch aM. c?•u~. u rM Mw~yap.. may rpuin. n++kinp th~ Iws ur~~ ~+id po1E
cia. ~ach snd ~vKy. paYabl~ to said MORTGA('sEE ~n inte~e~t rrwY ~pp~~r. ~nd ~ach and ~wry •~ch poiicy •h.ll b. panp~ly .~qn.d .nd d~liwr.d w
l_1J +J J l• 1 1 A~ ~e f-
c::j :r.:u ~"zj 's:-.:s s'{.-.~.xivZis:~ ss ~iici:r:i riifi?f F-3 r-:"~ ===.y~sy~2 sr=~v:i i:St -'a's~ t!':-m~ !~i j.,~~ e+ii ~ ~ ~ '-~f • !T^k=-~ ~r-`-~' - -
liwr to wid MORiGAGEE • ra+ewal rMr~of. ~opt~F~ with a r~ceipt fa ~M pt~mium oi s~ch ren~wal; ~nd ~hy~ aMll b~ ~o f'a~ or wlnds~am inw.ana
plaad on ~ny of said buil~i+ps. any in~ere~~ Ihe~~~n or part th~rwi, unless ln ~M form ~nd wi~h t!w loas p+yabl~ u~fon~ald~ Md M tM ~wnl ~+y ~wn
of moewy b~ean~s payabl~ w~d~~ weh poliey w polKi~s aid MORiGAGEE sMll Mw tM op~an to npiw a+d ~pply tht sartw on ateouel of fh~ ind~bted
rwss Ncw~d ha~by w b pKmit said MORTGAGORS to receiv~ snd uw i1 a ~~y pan the~wf fa other pu~pos~s. wi~hout tF~aeb~ w~ivinp a a~+iN
inp ~ny pwq, iiM or riyh~ vnde~ a by vinw oi t~q ~tWtt9~yr; aKt u~ iin ~v~ni u~ ht3RiCsAt'aOHS itwtl ta~ aoy ~.+wn ta~t to kr~p ttw ss:d isrsmitts sa
in~w~d, or (~il b dtliver promptly a~y of said policies of i~~uranc~ 1o said MORTGAGEE, a f~il promptly to par (vlly ~~y pr~miwn t1+K~fw w in anY
r~ap~ct fail b pNfwm, dixharpe, exec~ts, ~f(ect, complete, tomply with ~nd abfd~ by thls cov~~an1, a any put F~wf, said MORTGAGEE may plau and "
p+Y fa ~uch Imuranc~ a a~y pa?t thaaof wifhouf waivinp w•ffedkp ~ny option, litn, puity, a rroh~ under or by virtw o~ this Mortpp~. and the
full amo~nl of ~ach and ~vsry svch p~ymsnl shall b~ i~rrnedi~~ely dut and p+yabb and sMll bear inttre~t from tM dat~ therwf umil psW ~t th~ ru~ oi
nie» ptr c~ntum pK ~nnum and ~oge~her wilh fuch inre~eat sMII be secured by ths li~n of thN mat9pe.
1. To p~rmit, oommit a suffa no wuts, impairment w deteriwalion of said prop~rtp or anq pwt tMr~of.
S. To pay all ud sinp~Ia? th~ cosn, cFw9es and expsnses, includi++p a r~afon~bl~ ~nwn~y'~ f~ .nd coita of ~bsn~cn of tlrl~, Incun~d w paid at
~ny time by said MORTGAGfE, Mua~ w In the ~vent of ~hs (ailwe on tM p+h of tM uid INORTGAGOR to d~ly, promptly a~d fully pNform. dixh+~
•xecute. ~ffsct, compkt~, comply w~rh and ab:ds by ~ach and every tM srip~l~t~ons, ayreerr~n, co~diliona, and oownsnn oi said promissory not~ and thu
mwtpap~ ~ny a ~i~he~. ~nd ~a~d cosn, cMryd and expensss. each and every, shall b~ fmm~diately dw ~nd pay~bt~r wM~1?N a not tMr~ bt eotic~ de~
mand. an~mpt ro colktt a wit pend~nys ~nd the full amount of each ~~d wery wch payma+t shall bear int~rKt irom tFN dat~ tF~~of uefil p~W N Ihe
rate of ni~e p~r cen~um per ~nnum; snd all uid costs, charpas ~nd expenses incwr~d or paid, topatlw with wth inttral, ahaU b~ s~cut~d by tlN li~n of thiq
mortp~p~.
6. TMt ln tM event of any bre~ch of this Mort~sye or default on ths part of the MORTGAGOR, or (b) h 1M ~wm ~ny of uid sum~ of mon~y
hertie r~ferred io b~ not prompt~y and fully paid within Ihirty (30) days nexf after the ume sevsrally become dw ~ed pay~bl~. withovt d~m~nd o? notic~.
w(v in tIN svsnt esch a~d ~very the ~tipul~tions, agrxmenta, conditions snd cov~n» of a~d promiuay not~ ~nd tlwi morp~ any p~itlw ae no1
iuly, promptly ~nd fully pNfwmed, dixh~rQed, ~xecuted, ~ffeded, completed, canpl~ad wlth and ~bided ~sy, th~n i~ ~ith~? or sny sutA ~wnt 11» Nid ap~
preyaM wm mer~tioned in said promissory rate then remainin~ unpeid. with interesl xuued. and all moneys s~cu~ed Mrtby. ahall bsoonw dw and pay~
ablt fwthwitly or thtr~ahe?, a~ ths option of said MORiGAGEE, as f~lly and compktely as If •II of tAe said wms of mon~y vwn aipin~lly ~tiputafed
ro ba psid on iuch day. anythinp in sa;d prom~uwy note w ir? this Malpaya to th~ co~trary notwith~t~ndinp: and therwpoa or the~~afta al tl+~ optan of
said MORTGAGEE, without notict or dema~, suit at law or in equity, therefore or thereaher bepun, may be prosecuted a if sll montys searred hertby
had matwed priw to in iiutitution.
7. That in tM event that at the begi~ninp ot or ~t any time pendinp ~ny wit vpon this Mort9a~, or ro fweclos~ it, or to reio~m it, o~ to enfo~a
payment of any claims herevnder, said MORTGAGEE thall appty to the Cou~t havirg jw~sdrction thereoi for tM ~ppointment of ~ Rec~iver, such Court sh+tl
Fwthwith sppoint • receiver of wid mortgaged proparty all and iirgulu,, ind~d~np all and sinyul+r tM incom~, profits, Iisws and nvenues from wFutwtr
souru de?ived, each and ev~ry ot whrch, it beirg expressly understood, is ~he~eby mor~ga9ed as if apec+fiully sef fath and dewib~d io tM yrantirq ~nd
habendum clauses hereof, and :uch Reuiver shaN Mw all the broad snd efieetive functions snd powers in anywise eMnrated by ~ Covrt to ~ Reoeiver, and
wch ~ppantmeM shall be made by ivch Covrt sa ~n ~dmined equity and • m+~ter Of ~6solwe rght to ~aid N10RTf~/1GEE, and witlaut nferenu ro tM
adequ~cy a inadequacy oi the vstve ot the p.operty moripsged w to the sonre~cy a insolvency of ~s~d MORTGAGOR p the defendants, ~nd tMt wch
rems, profits, income, iasues snd rwenuei sMll b~ spplied by su~h ~ecei.er accwd~„~ ~a ~M lien w eqvity of i.id MORTGAGEE .nd ~he pr.aiu of wch
Court. •
8. To duly, promptly and fully perfwm, discM~~e, execute, effect, cwnplete, oomply with and abW~ by Wt4~ ~nd fwry tlw ~tipulatanti prkm~nts,
conditara uid covenants in sa~d promissory note and this mwtgage ut fwth_
9. That in the event the ownership of the mortgsyed premises, a any psrt. thereof, bttomes vested in a person othe? fh~n the MORTGAGOR, tl+~
MORTGAGEE, ib successors arxJ suigns, may, without notice to the MORTGAOR, deal with such sutCessw or wttestor in intesqt with ~efer~nce 1o this
mortyg~ and tM d~W I+t~ebr secw~d in the s~rrM m~~na es wiih Mwtgagor withoW i~ any way vitiatirp w discl?uyinp ti+e JNortyapors' Iiability Mrr
under or vpon the deb~ hereby secwed. No sale of ~he premius hereby mwtgiped and no forbearance on tM p~rt of tM MORTGI?GEE or its svaeswn
o~ ~uigrn ~nd. no exteraion of the tim~ fw the paym~nt of the deb~ hereby secured ~iven by the MORTGAGEE a its svco~sson or ~uipna, ahall opaat~
~o rdeas~, d~xMr~s, mod~fy change a aFfett tM wiginal Iiab;Ufy of tM MORTGAGOR fi~rein, ~ftMr in whoM a~ h prt.
10. It is specifically agreed ~har time is of the essence of this contract a~d tMt no wsive? of any obli9ation hereunder or of tM obllpation. s~-
cvred hereby shall at ~ny time thereahe~ be held to be a waiver of the terms hereof a of the inst~ument secured herby.
11. In addition ro the faego:~g monthly paymems of princ'pat and interest requ'ued by the promissory note secured hereby, mortysgor covenanb
and s~?ees to pay to mortgsgee weth each monthly pay~~~e~t an add7rional sum estimared by mortgagee to be eqw{ to 1/12 of the +nnwl cost of~the follow-
ing:
A-AIF real property taxes levied w assessed aga~nst the above described real estate.
B-Piemiums on fire and windsrwm inuwanae as h~rein rcqu~red to be curied o~ the improvements situah on the above desaxxd prtimisN.
C-Premivms on such mortgaye guaranty insurance as .mortgagee shall fran t'vne to time deem fit to tary on the b~n securad hsreby.
~ Mortgagee shall from time to t:me notify mortaaoor in writ~ng of the amount due and wyabls hereunder ~nd such wm ahall tF~ereupon 6~ du~ ar~
payable on the due date of the next monthiy payment and each successive month thereafter ur.til mortysyea shall ~otify mwt9a9w of a charge in wth
amovnt. Such sums sF.afl-be sppl~ed by mortgagee roward tlx paymeM of real property taxes, insurance prem:ums, and mort9aye guaranty i~wrance
premiums. .
IN WITNESS 1NHEREOf, the said MORTGAGOR has he?eunto set his hand and xal the day and year ~nt afore~aid.
i Sipoed. Stsled and delivcred in the (xesente of: ~ ~ .
' n
~ y ~ ' ' . ttl C• .~lth ~
~ ~ + ~4 . . - . . ' K ~
. ;.;y•~ ~ -
STATE OF FIORIDA ~ ' ~
couNn oF St . Lucie ~
before me personally appeared 14.Yth11! C. $ilth _
Shei la A. Ssith - his wife, to m. wen kewwn .na k.wwn ro m. +o b.
the Individ~aii described in and who executed the fwepoi?g instrument, and ackrawledpsd befae ms th~t thty ~xecvtad tM sarr~e fw tM pwposes -
~ rherein expressed. And the sa~d Sheila A. Stith
w~re of ~h. ss~a Arthttr~'. Sa~ th vpon . ~epu.r. .nd priv.r.
~ examin~Ywn by me taken separafe snd apan from her said hwband, ~dcrawledped b snd befwe me that th~ execvtd said irotrum~nt fr~tFy ~nd volurr
rarily and without any compulsiw~, co~straint, appreheruion, ot feu of w from her pid husbsnd
~ WITNESS my hand and official seal thit__~~~ day of Septe~ber p, ~q 75
~ 0
F 41LEU~;ti~' OUMtY f~A• raot•.y Pub~K tn ud fw rh. . of Flortd~ ~t lar~
M Commission • ts: ~ .
~ . Return To: 9~.W''c-~~:~y~~
~Oi~~t y ~ - /I ~r 7~
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~ Firtt Federal Savings 3 toan Associat~on Ct~~* j
~ Oi Fort P~erce. ~tf.~ ~
~ Fort Pierce, fiorida ~ ~ 4t ~M
~ E~ ~y l , ' ~ ~ e
S ~1~ . ~ ~ ~s•-, .
~ This Instrument Prepared By Robert A. SwisheY JY. ~ ~`~~a~~••~.
~ First Federal Snvings 3 Loan Association = ~ ' ~ t ' J' : : :
.
Fort Pierce Florida C~~ 0~' ~ n
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