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3. To plac~ •nd continvoufly keep on the buitd~nys now a h~~eaft~r situ~t~ on ~aid I~nd and on ~II puipm~nt and p~non+lty cova~d by thi~ enwtQ- ;
p~, with all premiums the~eon p+~d in full, tire insunnce in ~he usu~l atandard policy form, in a sum approv~!d by th~ MORiGAGEE, and ~vindstorm
insur~~c~ In ~FN ~~~al ~randard pol~cy fam. in a aum ~pproved by ~he MORTGAGEE, in such comp+~y or con+pa+~~s +s tM MORTGI?GfE m~y ~
d'uect; ~nd all fir~ ~nd wind?torm insuranc~ polkiei on ~nY of ssid build~egs, ~ny internt tt~ein or pa~t tFKnof, h IM apyrpat~ wm ~fa~said a ;
tn ~xceu tlxraof, sMll ca+t~in the uswl s~andud ma~ya~ cisus~ a such o~F~ c1~~H as If?~ Mortp~~~t may ~p~'u~, en~kinp tM lo»'L++d~ uid poli~ i
cin. each ~nd ev~ry, p~yabl~ to said MORTGAGEE as iti imerest may app~ar. snd each ~nd ~wry tuch pot~cy ~MII b~ promPtly ui:~rnd ~~+d d~~ivt~ed ~o
~ny held by ufd MORlGAGFE as lurther. secvrity ro said martpayo d~bt, and, not t~sa ~hsn ten (10) d~yi in stivantt of tF+~ ~xpiralion of ~acF policy, ro d?
tivN to iaid MORTGAGEE ~ re~?ewal Ih~reof, roqetMr with • rece~pt fw tM pnm7um oi tuch ~Mewal~ u?d th~n ahall b~ ew fir~ or wiwds+am insvr~nc~
pl~c~d on any o( said bui~dirps, any interet~ ?h~rein or put th~reof, u~leu in tM iorm a~d with tM loss payabl~ ~s afornaidj ~+d tn th~ tvenl ~ny wn+
of ma+~y becomea p+y~bls ur?der such polky or policies said MOiiTGAGEE sMll 1?~w ~M opYwn to receive ~~d ~pply ~fis s+m~ on acw~nl of tM indebted~ ,
~eu secwed haeby w ro permit said MORTGAGORS to roceiw and us~ it a any part thereof fw other pwposa. w~~hou~ ihe?eb~ wajvi~~q a~mp+ir.
inq any puity, li~n a right unde~ or by virtw of this mortps~sj ~nd In 1M ~venl s~id MORTGAGORS shall for any r~awn fail ro kNp the uid p~~mises w "
insured, o~ f~il ro deliver promptly any of ssid policies of insurance to said MORTGAGEE. ot fail promptlY to psy fully ~~y premivm tharefor w in ~ny ,
re~ped fait ro pN(wm, d~acharge, execurs, effect, complete, comply with and abid~ by thii covensnt, a a~y part hereof, uid MORTGAGEE may p~+ce +nd
paY fw tuch Inw~ar~te or any part the~eof wi~hout waiviny « affectinp eny optiuy ii~n, eqv~ty, a ri9ht ~ndK w by virtw of tfih Matqa~. +nd the
full smounl of each and every such payment shall be immediately dw snd payabl~ and ~Full be+? intereit from tM dare thereof until p~id st 1M rat~ oi
nin~ per centum per annum and toge~he? wiih such intereft shall ba sacured by the 1'~en of thi~ mort9sge.
Ta permit, t~wnmit a suffer no waste, impairment o~ detNioraYwn of said prope?1y w+ny p~r1 ihereof. ~
S. To pay all ~nd sinQul~r tM cwb, cha~yas snd expe~sea. irvcludiny + re+sa++bls ~tto?n~y's fe~ ~nd oosts of ~bs~~ett of titl~, iacvrr~d o? p~jd E
any time by wid MORTGAGEE, b~cause w in the event of ths failw~ on the part of 1M said MORTGAGOR to duly, promptly ~nd fvlly pafwm, dixM~ ;
execute, et(ect, compleee. compty w~~h a~d ~bida by ssch snd every the i~ipvtstio~u, apreeme~ts. candiiwra, and town+nb ol said praniswry not~ and thu
mortpaye a~y w ei~he~. ~nd sa~d costs. cMrges ~nd expenses, esch ar~d every. ~MII bs immediatety dw and payable; whetM? or not the~~ be naice ds :
mand, anempt to coltect u wit pend~ng; ~nd the fvll amo~M of ~ach end every such payment ihsll bear i~rerost from tM date tMreof until p~id ~t the '
rate of nine per centum pe~ ~ruwm; ~nd all said cosq, chuges and exQenses inturtad or psid. toyet!?er w:1h suc4+ i~Nr~st. sMl{ b~ sKVied by tIN litn o1 1ha
mortype.
6. TAat (a) in the ~ve++t of any brexh of this Mortysp~ w defaul~ on the part of~the MORTGAGOR, a(b) in the ewnt ~ny of said sums of ~nonty
herein nfe.r~d fo bs nor p.omptly and fully paid within th~rty (301 days nex~ a4ter tk+e same uvcr~fly become dw and psysbls, withow demand or notke,
w W in tly ev~nt each ar.d :vrry ~h. ~r:~•1ati~s. sS~ee~rsrnt~, c~d~tio^s ~ar.3 rnrn~+}et~^.n af satd ~:a-:~iawry r.a:~ a:.~ ihS~ morip~ any w ti~na+ u~ noi
~uly, prompely and fulty perfamed, d~sch+rped. lxKVitd ffflCfQd, compt~t~d, compl~ed w~th e~+d ~bided by. tMn in eitMr a ~Mr such ~wM th~ said ~
y.egat~ wm mem'ar~ed in said promisso~y nofe fhen remaininp ur?p~id, with interest acaued, u+d all moneys s~tured htreby. ~hall baeom~ dua u+d p+iy-
able fathwith, a? thereairer, af the option of said MORTGAGEE, as iully and completely as if ~II of the said wms of money wert o?qinally stipuAted
to be paid on wch day, anything in sa;d p~om~ssory not~ or in tha MoAyage to the contrary ootwithat~nding; and therevpo~ or tfieresftar a1 tM option of
said MORTGAGEE, without notice w d~mand, suif at taw or in eqvity, thersfon or thereafter begun, may be prosecuted ~s if all ma»» s~curd Mreby
had matured prior to ih institution.
7. TF»t in rhe event that at the beginning of or at a~y time pending any su;t upon this Mortgspe, w to fwetloss b. a to nfonn i1, a to enfwa
payment of any claims l~ereunder, aaid AAORTGAGEE shsll apply to the Co~rt having jurisdiclion thereof iw the ~ppantment of a Reteivq, wth CouA sMll
fo~thwith appoint a receiver of said mortgaged property atl and singutar, ieclud~ng all and singular tM inaome, profifs, istws and nwnu~s from wbatever
source derived, esch and every of wh;ch, it beinp expressly undrstood, is hereby mwtg~ged as if tpacifiully s~t fwth aed dNU~ed tn ths ~antinp u+d
habendum davies hcreof, and such Receiver shall have al~ the broad ~nd effective funcnons a~,d powcn in anyw~ce entnnt~d by a Covn ro a Receiver, and
such appointment shall be made by such ~ou?t ai an admitted equity and a m+lter o4 absolute rigM to said MORSGAGEE, ~and without reference ro the
adequacy w inadeqvacy of the value of the property mwtgaged or to the so~vency or i~solvency of sa~d MORTGAGOR a the defendanp, snd that such
renea, profits, income, issues and revenves shall be appl'red by s:~cfi Receiver ~ccord~r,g to the lien or eqary of taid MORTGAGEE and the p~acrice of svch
Court.
8_ To duly, promptly and fully.perform, dixharge, c:ecute, effect, complete, comp~y wi~h snd abide by esch ~nd ~very ths stipulatan~, ~greemenfs, _
conditions u+d tovenants in ssid promissory note and ~his matgage set fonh.
9. Th~t in the event tF+e ownership d the mortgsged premises, w any part tFxreof, becomes vested in • person other th~n the MORTGAGOR, the
MORTGA~iEE, in succeuors and auigns, may, without no~ice to the MORT('iAOR, deal wiih such succestor w successor in ieter~st with ~efe~ence to this
mortgsge ~od the debt fie.eby sec~~ed in the ume manner as with N4ortgagor w~thout in any w~y vitiati~g p discharpinp iM Mort9~gws' li•biliry M.~
under « upon the deb~ he.eby sew~ed. Mo sale oi the premisea hc.eby rnatgaged and no fubear~~u o~ th~ p~rt o4 the MORTGAGEE or its tuccessors
or suigns and no extension of the time fo~ ths psymem of the debt he.eby secured given by the MORTGAGEE w iti a~cuasws or assiyns, sMll operat~
to release, d~scharge, modify change or affect the orig~rsat tiabit;ty of the MORTGAGOR hcroin, either in wFale or in p+rt. ~
~ 10. It is specifically agreed thst time is of the easence af this contract snd ~hat no w~iver of any ob{'~ysian hereunder w of tM obl'gatan se-
cured Fxreby shall at any time tbereefier be held to be ~ waiver of the terms hereoi w of the instrument secured herby.
11. In add~tio:~ to the fwego:rx~ mont!~ly paymenrs of princ'pal and interesf required by the promissory rate setured hereby, morfgagor covsnants
and agrees to pay to mortgagee w~th each mon~hly payment an add~~io~al aum es~~mated by mongagee to be equai to 1 j12 of the annwl cost of fMe follow- ~
e
ing: 1 ~
A-All real property tsxes kvied or assessed against the above describ,d real eatate. O ~
8-Premiums on fire a~ windstwm insurance as here~n requ~red to be carried on the improveme~q titvate on the +bove described premises. ~
C-Premiums on such mortgage guaranty insurar,~e as mortgagee shal{ irom time to time d~em fii to urry on ihe loao secured hereby. O
Mwtgagee shall from time to time notify mortgagor in writirg of the amount due and payab~t hereunder ~nd tuch suM thap thereupon bs due and
Fayable o~ the due date of ~he ~ext monthly paymenf and each successive month thereafter until matyagee shall notify mortgagw of a char?ye in wch ~
I amount. Svch sums shall be applied by mortgagee toward the payment of real propcrty tsxes, irquraMe premiwns, and moriyage 9wranfy inwrance ~
` premiums. \
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IN WITNESS WHfRfOF, the ssld MORTGAGOR hss F~ereunto ut his hand and seal the day ~nd -fint ai e~s
1d,._~ ~
' r~l. Seal and det' ed in the p~eu~ce o4: ~ , ~
~ ft~EO :.~0 ~-t~%•t0E0 ~ , ~
ST_ L:;~ : ~~:NTY FIJ~. ~ ~ ,q ~
~ •,-~a~ . arr s n ~
_ .
~ Cl"ei.' . 31i COUqT ~ '
, ~ ,~_.L • ~ ^ _ . n
i _ _ j. r ~ - _ - - `n a e r e . arr s ~
~ ~--n
STATE Of F10RIdA S~P 3G ~ 5~ ~""'~LJ ?
f ~ SS.
courmr c:F St . Luc ie 3~.`7920 '
~ Be4ore me perwnatty sppesred F A. Harri s •~d
i 1
Valerie Harris his wife, to me well known ~nd knawn to ms to b~ ~
the individwls desciibed in ~nd who executed the foregoin~ instrument, and acknowledged befwe me that thsy exawted the same for the ptirposes
rn~.~~~ ex~~d. /?~d ~r~ .~~e Vatlerie V. Harris
wife of tM said F• A. Harris upcn • sep~rat~ ~nd pirvat~
exam~nation by me taken separate and apart from her ssid fivsband, adcrwwtedged to and bef~ore me that she executed said instnrrrknt fre~ly u~d volue~
tarily and without any compulsion, constraint, apprehemiQn~w fear of w from her said husbind.
WITNESS my hand and official seal this 7~ dsy of tPmber A. D. 1975
Notsry Pubi n ~++d a th~ ,~tate of Florid~ ~t Larpt
~ My Wmm~ expires: /p J ~
Return To:
first Federal Savirgi 3 lwn Assotiation
OF Fort P~erce. , ,
Fort Pierce, flor3da .
This Instrument Prepared By Braun _ ~
First Federal Savings ~ Loan Association ~ _ ~ : -
of Fort Pierces Florida . , s~ =
F-, ~
Checked By _ • , _ . ~
gQ~K 244 PACE ~143
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