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3. To pl~ and cont'uwo~~ly kkp on ~M buildinps rww w M.~afq. uwar~ on ~aid land M+d on .II aquipm.m and pawr?~Ily cov~~~d bp ~hi~ morq~
ap~, wi~h all pnmiwns ~hsreoe patd in }vll, f~ro iruuranee ie ~M wwl iandud potieY Fwny 1n ~ wm epp~or~d by t!w MORTGAGEE. a+d wind~torea
&awaoc~ in ~M viwl sundard pol~ty lam, in a wm ~p~uov~d by ~hi N10RTGAGEE, in wch company or compa~ih a tM MORTGAGEE m+y
dlr~di a~d all (K~ and windiarm in~wanu polici~s on any of s+id bulW~np~, ~ny int~n~t~tMr~in w part thtrwf, in ~M +pqr~pat~ wm ~forKa{d or
M~xcea~ the~~of, ~hafl conain th~ vwal a~ndud mwtga~ ciauw a wch WFw clww a 11» MorlpapN rtwy ~pvu~, mski~p ti+~ bss undN said po~F
cia. each and ~vKy. payabl~ ~o wid MORTG/1GEE u 7» int~r~s~ nnay ipp~ar, ~nd sacA snd ~vKy wcA policy shdl M promptly ~ss:~n~d and d~liv~~d ro
~ny Mld by said MORiGAGEE ai ~W~I1N fKUtlty f0 Nid ~nWf~~! dfbt. ~nd, ~01 I~q thu~ tM (10) days in ~dvanc~ of tM ~xptr~tioo of ~ach poticy, to d~
liwr to sald MORTGAGEE a r~wsi Merw(. to~~el+K wirh iw ~M p..~+iwn ot weh ~~walj u~d tFN~~ ~hall b~ no fw~ a wii+datam infwana
pl+ad on any ot sak! bvildinqs, any im~rsat fM~~in o~ pan tMnot. uol~u in tM fwm and with the losf payabl~ a ~tor~a+Wr and in 1M ~wM aey wm
of rtwewy b~eorn~a payable und~r weh polity or poliws said MORTGAGEE ~hall h~w 1h~ optio~ ~o reeaw and ~pply tln s~m~ on ~etovnt of tM fnd~b~td~
n~sf Ntured h~rtby a to permit uid MORTGAGORS Io r~teiv~ a~d ~N lt a any put ~her~oi fw o~her purposes, wi~hout ~haeb,r waivinp a impair-
inp any puity, li~n a right under p by virtw of Ihis mortya~e; ~nd in tM ~vent uid MORTGAGORS sh~ll for ~ny rtafon f~il fo keap ths said premisM to
k?wred, w f~il b d~liwr pranp~ly ~e~y of saW polides of insunnu to s~W MORTGAGEE, or t~il prompNy to ~,.y f~ih .nr a.m~um th...t« a In sny
nsp~ct fail a pNfwm, discMrye, ~x~cuq, ~fiM, complst~, comply wirh u~d ~bid~ by ~his cowna~~, w~ny pan Mrwi, said MORTGACsEE ma~ plaa ~nd
p+Y for wd~ Irawar~ a~ny p~N ttweof withovt waivinp a~~i~clinp u~y oplion, Il~n, aqulty. or riyM undN or by virfw of thls Mort~pe. ~nd the
fvll amouot of sach and ~wry such paym~nt ihall b~ immsdiat~ly dw and p~yabl~ and shall Mar Inter„t fran t1r daf~ thenof until paid d th~ ~~t~ ol
n~n~ pN anrum pN ~nrwm and roge~her with tuch intt~est sh~ii bs secvred by fM IiN~ of fhis mafp~p~.
1. To pem+it, cornmit w suffer no wute, impawmenr or de~erio.•rion of uid propKty o~ any parl tM~eof.
S. To pay ~II aad sinpul~r rhs costs, chup~s u~d exp«uew incl~dinp a r~a~on~bl~ anw~y i fN and oo•n of absnads of titl~, tncun~d a p~Id u
any time by s~id MORTGAGEE. bscavss a in th~ even~ of the tailwe on tM put of ~M said MORTGACsOR a duly, promptly ~nd fully pufonn, discMry~
execvte. ~ffett, compkt~. comply w~th ~nd ~b~ by each and every the itipul~tions. apreameny, conditiom, ~nd tovenanb oi said promissory note and thi~
^art9W~ any a~i~Mr. and ia~d cosn, chupes ~+d ~xpenses, each u+d ~very. sti.n b. ~+.d~.roh dw .~d Pay.bk: whe~h.. w not tlwr~ b~ notic~ df ;
m~nd. +mmW w oolMct w suh pend~~; u~d tl+e full arno~~nt of s+ch and eveiy such paymem ~hall btar Entenst f~an 11w d~i~ tMreof u~Hl p~id ~t the
rate of nine per tentum per aruium; and all iaid costs, cMr~es and expenses inwrred w paid. top~ther wi~h such t~t~at, ~Iwll b~ s~cur~d by th~ li~n of Nw ~
mortq+~• j
6. 71ut in tM ~wnt of ~ny breach oi this Mortyy~ w default on tlr paA of the MORTGAGOR, w(b) in 1M want ~e~y of ~aid swm of moMy
herdn ~~ierr~d to bs rat promptly snd iully paid within ~hiry (30) d~ys MX1 aNlr IFM filrl0 NVlI~IIy blCOrtl! dV~ and payabl~. without dnnand o~ notios,
or in tM ~wnt each and ~wry tM atipulation~, apreee?~nt~, cond~~~a?s and covena~n of srd promissory note and tlrs mwtp~p~ a~y w~ithK art no1
iuty, prompNy ud fvlly perform~d, d~xMry~d, exew~ed, ~ffected, compl~red, compliad wi~h u+d abided by, then in ~ith~r a~ny avch ~wnt tM said ~
yrepata wm r?Kntaned in said promissory ~ote then remaininp unpaid. with inter~st xuued, and atl ma~syt secu~ed hertby, s!»II beoorn~ dw and pay~
abl~ forthwith, p tllpfNl~N. at the option of said MORTGAGEE, u fully and compktely a~ il ~II oi ths said wms of mon~y w~re o+ipinally stipulated
ro bc paid on such day. ~nythinp in sa:d prom;~sory nole or i~+ thia N1wtp~ge to ths contr~ry notwithsh~np: and th~rwpon a ther~ahx at ~h~ op~ian of
uid MORTGAGEE, wiMiwf notKe w demand, wif et I~w w tn puity, ther~fon w thereafrer bepun, may b~ prosecut~d u if dl mawyi s~wr~d he«by
had marwed prqr to its institWion. .
7. Tlut M 1FIf lVM1 IIIa1 at the begim?inp of or st any tim~ pentlinp ~ny wit vpon this Morfyap~, or ro faecto,. M, or to nform H, o~ fo enforp
peyment oi any claims hereunder, said MORTGAGEE ~Mtl apply to the Court hsving juriad~aia+ thcreof tw tM appointrnent of • Rec~iver, wch Coun sh~ll
fo.thwitA appoint ~ receiver of said mort9a9ed propertY al: and sirgular, includ~ng sll ~nd iirgvlar the h+aome, p?ofits, bwa and ~~venws from what~ver
sovrt~ derived, each ~nd avery of wh;ch, it bei~?y expressly u~derstood, is hereby mor~gaged u if sp~cific~ly_wt forth and de~cribed in th~ yrantinp and
habendum clavses hereof, ~~d such Receiver shall have all ths boad ~nd effective funct~ons and powers in anywise eMrusted by ~ Co~rt 10 • ReceFva, ~nd
iuch appoinrment shalt be made by such Court as an admitted equity and a rrytte~ of absolute ri~ht to said NIORTGAGEE, and without rofereric~ ro tM
edequscy w inadeq~acy of the value o( tFx prope~~y matgaged or to the wNency w insolvency of ~aid MpRTGAGOR ot the d~fendants, and that such
rems, profin, Incane, issves a~d revenues ~hall be ~pplied by s~ch Receiver accordin~ to tM lien or eqvity o1 said MORTGAGEE and the pr~ctiu of arch
Court.
8. To duly, promptly snd fully p~rfwm, dixharge, executs, eff~ct, complete, comply witl~ ~nd abide by each ~nd every th~ stipulatiom, ayr~nts,
conditions and covsnanu in sa~d promissory note and this ma.tgage set iwth.
' 9. That in the eveM ths ownenhip of the mwtgaged premius, or any part thereof, becomes vested in a pe~son other fMn tM MORTGAGOR, th~
MORTGAGEE, its successora and us~gns, may, wlfhout naice to the MORTGAOR, deal with svch svcc~ssor or wcceup in interest with refaN+te lo this
mor~gsge and the debt hsreby secured in the same manner ~s with Mwt~agw witAout in any way viti~tiny ot discharyinp fFy Nbttq~gws' liability IKr~-
under or upon the tl~bt h~veby :ecured. No ssle of the premises hereby mwtpaged u~d no fabearenu o~ the part of th~ IIIWRTGAGEE w its suatsias
or augns and no exrensan of the time ia the p~yment of the debt hereby sec~red 9iven by the MORTGAGEE w its succ~uors w assipns, ahatl opK~t~
to release, d~uharge, modify chanpe or aNecf the uiyinal liability of the MORiGAGOR Mr~in, eitlw in wFwb or h part.
10. It is spec~ficetly agreed that time is of the essence of this conrract and tMl ~o waiver of any obligsYan hereunder or of th~ obllpatioo N-
cured hereby shall at ~ny time the~eafter be held to be a waiver of the terms hereof or of the insirwneM secured herby. }
~
11. In add~tion to the forego:ng monthty payments of print pal and interest reqvired by the ptomiuory note secured he~eby, mprtgsypr epwna~q
and agrees to pay to mortgagee with each monthty pay.~e~t an add~~ional wm est~mated by mortgagee to be equal to 1/12 of the annual cost of the fdlow-
ing:
, A-All real property tsxes kv]ed or assessed against the above desaibed ~eal estate.
B-Premiums on fire and winditwm inaurance as here~n requ~red to be carried on Ihe improvemeits situate o~ tfie above desuibed premisy.
C-Premiumi on such mortgage guaranty irtsurance as mo?tgagea shall from time to time t}eem fif to urry on the bsD ietured F~ereby.
Mortgaget shaii f.om t~me to t~me norify mortgagor ;n writing of the amount due and payabk herevnder and such wm shall thereupon bs d~e and
f payable on the due date of the next monthly pay~nent and each successfve month thereaher until rtwrtyage~ shall not;fy mort~syo~ of a cMrge in wch
amount. Such wms shall be applied by mortgagee toward the paymem of real propcny taxes, insurante prem:ums, and rtwrtgaye gvaranfy insurante
t premiums. _ ~
` IN WITNE55 WHEREOf, the ssid MORTGAGbR has herevnto set his hand a~ a! the day snd y~ar firp ~fwesaid.
, Siyned. Seakd and detivered in the preser.ce of: fILEU 1.4!} f;E1il:~ ~
~ St.IUClc_yZUNTY FIA. ; ~y
~ ROuc ~ 'u'TRAS - r~~'~%~~~ ~~q i
a~~ CLER1. ;.:~~T COUR Z.`harl e Matthews
R RE~~,?,r, Y:' ; IEC q ~
` ~ ~2 12 ~H'75 e ~ ~
~ OC~ L I
~ STATE Of FLORIDA ( 319394
E, COUNTY OF St . I'uC 1 Q r •
~ ~~fae ~ Charlie Mattherrs ,
pe.so~.uy ,ppei.ed ~ ~
E Bthel Ma.tth~/s his w;ie, ro m~well known ~nd known ro m~ to b~
rhe ind;ridwls desvibed in and who executrd the forepar~y instrum~nt, and ackrwwledged before me that tlay ~x~tuted the sam~ fw the p~rposes ~
~ thereie expresaed. And the ssid Bthel Matthews
~
s W;ra of ,h. ,,;a Char 1 ie Mat thews ~.,.p,.,r. ,~d ~.a ~
~ exam~nat~on by me taken separate and apah irom her sa~d husband. •dcnowledped to ~nd befwa rM tMt she ~xewted s~id irotrument fis~ly ~d volurr ~
~ iarily and w~thout any compulsio~, constroint, appreheRSio~, feu of or from her said husband.
WITNE55 my twnd and official seal thi1 ~ day of October A. D. 1475 `
i
~ t` I
x , Not~ry Public a for the Stat~ of Hwida d lu~
Y My Comrnisi eapires:
¢ Retwn To: • Notary Pu5N5; SIa1e of
; firtt Federal Savings d~ loen Association cl l~r,y
p Mi Cor„ :.ission Ex•: -c ; /9
# Of Fort P~erce. ~~o-V G r s, ~
~
~ Fort P~erce. Flwida . Y A'M^`°'~ 7+:' L'~~..::c.:f
~ ~o.
~ • . ~r:
~
~ . '
~ This lnstrument Prepared ByRobert A. Swisher, Jz. ~
~ First Federa) Savings b loan Association _ ~
~ . of Fort Pierce , Florida. ~ `~-"G ~ '1~
~ Checked By ' I ~
~ ~~.:i,~;
~i='•~~ - -
~ 0 R 'n'':.','~,.'.!. . '
c.(? , 'c
~ OYV11~~~ T'IWC~~ ~r~/~,~ ~,~~~D~'C`'~ al~~~r~
~ ~ * , ~ :..',~'~NN11N~d.'~
~ . ' ~ -
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