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To plac~ and contimwu~ly ke~P on tM buildiryi now o~ Mr~af~N utu.r~ on ~a~d Iaed ~nd on ~II eqvipn~ro ~nd pKSOnally wv~.~d by ~hi~ mwp~
~p~, with d) prtmiums Ilx~eon pa~d in (uli, fi~e insuranu in ~M u~ual irandsrd policy (o~m. in • sum ~pp~ov~d by th~ MORiGAGEE. and wind~tam
inwra~c~ in tM uiwl wodard pol~q fam, in • sum approv~d by ~M AFORTGAGEE, In such company a con+p+ni~s a tM MORTGAGEE may ~
dinctl and all fu~ ~rul w~nd~to~m insuranu potiues on ~ny o( said build~nps, ~ny intertit tM~~ia w p~rt tMrwf, in tl» app~p~h swn afo«~aid o~ • ,
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In ~xce~ tMnoi, shall contain th~ usual ~r~nda.d mortgags~ ciws~ n~ ~uch otF?H ciaus~ ~t tM Matp~qN may rpuir~. rtwkinp tM lou w+d~r a+rd poli~
ci~s, ~ath and tvery, p+yabie ro said MORIGAGEE as iri in~er~st may ~pp~ar, and Nch and ~wry such policy ~M11 b~ promptly us.~n~d and d~live~td ~o
~ny heid by saKi liACiitii~i~viE ~s iurtiror f:CU~iiy iG fdi~ ~.-wri~ay~e 3aat, a~~d. ~~3 K~i t~.~a i~n (iJ3 ~sys €n a~-ra.::e af tlsr rxp:ratiare of ssch pol~cy: !o dr
IivN b uid MORTGAGEE • renewal thereof, tope~he~ wiih a receipt for the pr~miutn oi wch r~ntwel; ~nd thtr~ tMll be no fU~ w wind~to~m insv~u~t~
placed on ~~y of said bvild~rgs, •ny intere~t thastn or p~?t thereof, unieu ie 1M form ~nd with iM loss payabl~ ~t ~ta~s+id~ +~d i~ tM ~v~nt any awn
of mon~y bscomes payabt~ ~ndK svfh policy a policiei ~id MORTGAGEE shall Mv~ tM optbn to receiv~ and apply 1M ~arrM on accouni of tM led~b~sd
nesi iecvred Iw~eby w ro pe~mit fa~d MORTGAGORS ~o ~eceiv~ snd uw it w~ny put thereof fa other pwpwes, wi~hout the.eb~ w~ivi~.y a a~p~i~• ~
iey ~ny eqvity, lien w right under w by virtua of this morspaya; ~nd in the ~wnt ~aid MORTGAGORS shall iw ~ny rsason fail to kkp tM sa~d pr~misea w~ .
Iroured, a fail W delivm p~omp~ly ~ny of said polKies of inswa~cs to sald MORTGAGEE, w faN promptly to pay fu{Ir any pr~mivm ~her~fa a in ~ny
reipect fa?I ~o pKform, d~uharge, execute, aifect, camptete, comply with and abid~ by this covenant, a~ny pa~l htr~of, s+id MORTGAGEE may pl~ce and
paY tw tuch irourance o? +ny part ~F+e.eof w~ihout waivinp o~ affectin9 ~ny oprtw~, N~n, pu~ry, o~ riyh~ v~der a by vi~tw of this Morf9p~. ~nd ~h~
full amo~nt oi ~ach and every s~ch payment shall be imrnediately due and py+bb u?d sl+all bear intKett from th~ dat~ thereof umil p~id ~t tM ~a~~ ol
nirr per centum per ennum and to~ether with auch interest shall t~ aecured bY TM lien of this mortp~ye.
1. To p~tmit, commit w suffer no wasts, impairment o~ detuiorarion of sa~d prop~rty o~ w~y p+A iMreof. ~
S. To pay sll and sinpula? the cost~, chuges u+d expensea, iocludinp a reawn+ble a»aney's fN ~nd w•n of sbstracta of titl~, incun~d w p~id at
•ny time by aaid MORTGAGEE, because a in the ev~nt of the f~ilur~ on the pan of tM uid MORTGACsOR to dvly, p~omptl~r and fvlly p~rfo~m, di~d+a~
execute, effect, complete, compty w~th and ab:de by each a~+d every the stipularions, a~reemer+ts, cond~~ions, •nd oownann oi sa~d prom~uory not~ and thu `
mortyape any a either. a~d u~d costs, cMrges and expenses. each and every. iMll b~ immediately due and p~yabl~t whethe~ ot ~ot thtn bt notict dr
ma~d, anempt to collect w suit pend~ngj snd ~he full amovM of ~ach and every such paymcnt shall bear imerest from ~Fw d~t~ thereof until p~id al th~
rate of nine per «ntum per am~um; and all said ms~s, chs~ges and expenus incwnd p paid, togethx with wth intKesL sh~l) b~ Ncwsd by tM lia~ of thi~ ~
~
6. ihat (a) io the event of any breach of thq Mortyaga o? default on the part oi the MORTGAGOR, or (b) in tM went ~ny of ~a~d sums of nan~y
herein referred to be not promptly and fully paid within thirty (30) days next afler the sune uverally betome dw a~d payabb, withouf demand w notice, ;
o~ t~ tM event e~ch and every ~M stipulations, agreem~nts, conditions snd coven~nts of sa~d promiuory not~ and this mwtQape u?y or ~itMr an nw
~uly, promptly and tully pe~formed, d~xl+arged, executed, effected, completed, compl~sd with and ~bided by, then in eitMr a~ny such ~wnt IM a~id ag
pregaro sum mtmaned in said promissory note then rem~i~ing unpaid. with in~erest acuued, and atl moneys secured hereby. sMll becortN dw ~~d pay~
~ble fathwith, a thereafttr, at ~he option of said MORTGAGEE, as fully and complctety es if atl of tfie said :ums of monty were wiqinally ~tipvl~ted
to be p~id on s~rch day, anything in sa;d promissory note or in .this Mortgage to the contnry ootwifhstandinp: and tlw~uoon o~ thertaftw al N+~ ootion of
said MORTGAGEE, withoul notice a demand, suit at law o~ in equity, therefwe or lherrafte~ begun, may b~ prosat~ted a~ if all ~noatys sK~rd hsr~by
had m~tured ptiw to iri i~ntitutioo.
7. That in the event rhat ar the beginning of or at any tims pending any wit ~pon this Mwtgsge, a fo faetlos~ h, or to r~fwm It, w to ~nforp '
payment of a~y claims hercunder, said MORTGAGEE shall apply to the Courf having jurisd~ction thereof fw tM appointment of a Receivet, such Caxt shsll
fathwith appoiM a receiver of said mortgaged property all and singut~r, includmg all and singular th~ income, profiri, iisues u~d rovenws Iran whatever
source derived, each end every of whKh, it being expreuly understood, is hereby mwtgaged as if spec~ticalty set fath snd dew~bed in th~ pr~ntiny and
habendum deuses hereof. and such Receiver ihall have all the kxoad and effective funct~ons and powers in anywise entrusted by a Court to • Receiver, and
tuch ~ppointmenf shail be made by such Court as an admitted equity and a matra of absolute right to said MORTGAGEE, and witfiout re~ere~te to tFN s
edeqvscy w inadequacy of the wlue of the p~ope~ty mortgaged or fo the wivency or insolventy o{ uid MORiGAGOR a the defendann, and tMt such
rtms, p~ofiq, intome, iu~es and rovenues shall be appiied hy such Receiver acco:ding Io the lien w equity of said MORTGAGEE and th~ p~~ttiu of wth
Court.
8. To du~y, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each ~nd evsry th~ stipulations, sgrsert~enb, ~
conditions a~d covenants in sa~d prom~ssory note and ~his mortgage set iwth.
9. That in the event the ownership of the mortga9ed premixs, or any part tFKreof, becomes vested ie a person other fhan the MORTGAGOR, the ~
MORTGAGEE, its successws and auigns, may, without notice to ~he MORTGAOR, deal with such successor a tuccessa in interest wi~h ~eference to this {
mortgage and the debl hercby secu.ed in the sams manne~ as w~th Ntwtgagw without in any way vitiatinq w d~scMrying the Mort~agon' liability hera
under p upon the debt hereby iecured. No ssle of the p?emises hereby mortgaged and no forbearante on the pan of the MORTGAGEE w Itt s~ccesson
or ~uigns and no eatension of the time fw the paymeni of the debt hereby secwed given by the MORTGAGEE or iri tuccesson or ~ssigns, shall op~rat~
to ro{eax, d~scAar~e, modify change or affect tF+e wiginal Iiab;I~q of the MORTGAGOR herein, either in whole a In part.
10. It h specificatly agreed thaf time is of the essence of this conf?act +nd thst no w~iver of any obtigdion hereunde~ a of the obtiy+tion sa-
cured hereby shail at any time thereafter be heW to be a waiver of the terms hereof w of the instrurneM secwed herby.
I1. In add~tion to the fwego:~9 month!y payments of princ'pal and interes? required by the promisso~y nole secured hereby, mortgagor tovenants #
and agrees to pay to rtsortgagee with each monrhty payrnent an add~rio~al sum estin.ated by mortgagee fo be eqwl to 1/12 of the snnual tost of The follow-
ing: ~
A-All real property taxes lev~ed or assested against the above described real estate. ;
, 8-Premiums on tire snd wirtdsto:m insurance as herein requ~red to be carried on the improvements tituate on the sbove destribed premises. '
C-Premivms on such mortgage guaranty ir.surar:ce as mortgagee shall irom t~me to time deem fit to carry on the ban secured F~ereby. +
j Mwtgsgee shaH from time to time notify mortgagor in writing of the amount due and payabb h~reundet u~d tuch wm shall thetevpon bs due end ;
payable on the due date of Ihs rtext month!y payment and each successive month thereafter urtit mwfgagee shall notify rtqrfg~gor of a tharge in such ~
i amount. Such sums ehall be applied by mortgagee toward the payment of ~eal property ta:es, insuraoce prem~ums, and mwtgspe gwr~~ty inwrance
I premiums. .
IN WITNE55 WHERE~F, the said MORTGA60R has hereunto xt his hand and seal the day and year first aforRt+id. ,
~ Sig~ed. Seated and delivered in the presence of: l~ ~
~ fltEu ~Ec,UROE~ u ~ ~ ~
~ . obert . Ad ms q
L~ ,/l-~-+~-~ S7.Ll~i: ~~OJyTIf FIA. ~ ;
Fii r ~r: -~AS ~ ' rvz.T.1 (c..~
Ctr ~ . ;OtiR7 ~ Velma R. Adalas ~ q
« ~ _ ~ • " } ~a
STATE OF ~ N@MI York ~ ~ Or~ I(` f~~ ~ ~L, . ,
COUNTY OF l~i 1@ ~ Y !t J i
Before me penonslly sppeared Robert A. AdaIDS _
Velma R. NdaIDS ha wite, to me well known ~nd known to me to bs •
rhe indiriduali described in and w1w eaecuted the foregang instrvment, and acknowledped before me that tt~ey executed the ssme for tFr purpos~a
therein expressed. And the said Velna R. ~~5 ,
wife of ths ~~d ~obert A. ~anlS ~ ~~~t~ ~ ~~~h
exsminata~ by me tsken separate and apart from her said husband, ~cknowledged to and be~we me th~t she executed said ir?shument freely and volun-
rarily and without sny compulsion, constraint, app~ehe~sion, or fesr q~:oe~ftMrf}~ ~tid Fwsbsnd. '
~ 1Q th ' '<< . ~ber ~ 75
~ WITNE55 my hand and offic~al seal this day:o~.~~ L,r~ ! A. 19
~ a,,'}• rI ~ Pvblic'in arx! fw the Stst~G at larp~ F
~ . _ r. ~ ~ , >
. _ ~ y ~OR1Tii110f1 QltPi!!f:
~ Retvm To: : • Fi~.^.F!?T F. BUIL ~
~ - . y _ .
first Fedewl Savingf 3 loan Association - + Gr"a<; ~ ' S::tE oi PIeN Y~
OI Fort P~erce. ~:c m ir.a. CuuRty }
~ Fort Pierce, flwida ~Y. . ~ HI; C;.r^.._'.,. _ ,.re5 ~~i 191_~
~ . •
~ ~ ~I '
~ •,r ~ t+
~ This Instrument Prepared By RobeYt A. S~risheY Jr .
~ First Federal Savings & Loan Association
of Fort Pierce , Florida 3~SO BooK244-PA~E2415
Checked By Y_~
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