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3. To pl~ aad conti~ww~sly kNp oo ~h~ buitd~nps now a Mr~afra. Wtu~b on ~aW land and oo all pvipimnt M~d pMSOndly cova~d by ihis mort¢
sp~, with dl p?~mium~ ~Mr~on pa~d in full, tir~ iniuranc~ io tM wwl sai+da~d policy fonn. In ~ wm ~pprowd by 1M MORiGAGEE. ~nd windNorn~
Imw~na in tM uiwl u~ndard pol~cy fam. in • wm ~pp~owd by tM MORTOAGEE, In wch company w canp~niN w' tM MORTW1~iEE m+y
dlnct~ ~nd all ik~ and wa+duwm inw?anc~ polki~s on ~ny d~aid build'aps, any Mhns~ tMr~fo w pwt tM~wf. in th~ pprpaq ~wn ~iorNaW w
M~xou~ tMrwf, sMll contain ~M vwal pa+dud mortyapM cl~us~ w suth o~h~ tlwN a tM Ma~ypN nNy rpva~, nwklnp tM loq w~ N~d pol~
cia. ~+ch ~nd ~wry. paY~bl~ b ~aid AtiORTGl1GEE a its inter~t maY ~pp~a~. u~d ~ach and ~wry ~uch policy ~hatl b~ p~ow~ptty ps:~Md and delivK~d ro
u+y Mld by said MORTGAGEE a~ tuhF?N Ncwity to said matya~ debf, u+d. nof Iw tMn t~n ll~ days ln ~dva~p of th~ ~xpkation of ~ach potky.~ro d~
liwr ro wid MORTGAGEE • r~new~l th~rwi, top~~Mr wirh • r~ctipt for 1M premiune of wd~ rM.w~lj a+d rh.n ~A+tl b~ oo fk• a windi~am Mswu~c~
plac~d on any ol said buifdinps. any inter~st thenio a part tF~eof, unl~u ln tM M?m ~nd with th~ los~ payabl~ a~iwNald~ ~nd In N+~ ~wet a+y win
of moMy Mc~~ payabb w?d~r such polky w policl~s s~td MORTGAGEE shall h~w th~ optan to naiw u~d ~pplp tM s~ on aao~nl of tM 4~d~bt~
n~ss wcw~d F~~by a a p~.mit s+id JNORTGAGORS to nplv~ and us~ N a~ny pat ~h~reof for otha pwpwN, wi~twur tM.ab~ waivinp w anpai.-
Inp anr pvity. IiM o~ righl w~da~ or by virtw of thi~ mottpptt +~d In dw ~vMt wid MORTGAGORS shall fot ~ny nawn bU b ke~p tM Nid pr~misN w
Insured, or (~II b cl~livK promptly ~ny of MW POlitit~ of kawu~o~ 1o s~id MpRTGAGEE, or, f~il promptiy to paY fvlly My pr~miwr~ thK~for or i~ ~ny ~
resp~ct f~ll to perform. dischar9~. ~xecut~, ~fhct. coenpl~t~. wmp1Y with ~nd ~Wd~ by Mds oov~nar?4 a~ny part M+wf, ~aW MORTGAGEE m~y pl~u and
P+Y ta s~?d+ kaw~ w aay Wrt tMrwf wirhout walvinp or ~ff~ctinp anY optiwy It~e~, p~ity. w ripht or by viHw of thts Matp+p~. ~nd tM
full arnount of Nch u~d ~wry wch paym~nt sl+all b~ imm~diahly dw ~nd qy~bb and sMll b~u intK~s~ f~om tM dat~ tMnof untll p~id ~t tM r~t~ ol
RIn~ p~t c~ntum p~? ~nnum ind topetMr with s~ch in?Kqt shall be setured by th~ liq~ of thh mort9apa ,
1. To pNmi?, oommit or wffa no w~:t~. MI~p~IfrtlflN W dltNlpf~tiOR Of NW PIOp~f~ Of N1Y pNl 1MfWI. t
S. To pay all a+d atnputa tM costs, chupes ~nd ~xpww~, tncludinp a na~on~bl~ ~no?e~y's fN uid aosn d~bsnscfs of titl~. Incwnd or p~id at ~
•ny time by aaid MORTGAGEE, b~cauw a in tM ~wnt of tM f~tlun on tM pat of th~ aW MORTGAGOR a dvly, prompty u+d fvlly p~rform, d'achupq
~x~cvt~. ~f(ect. compl~t~. aan~?ly with ~nd abid~ by each and every tl» stip~latio~s, pr~nenri, ca~ditiorr, ~ed oown+nts of sald pramiiwry not~ a~d ~hta • j
mwtyapi u+y w athtr. u~d wid coan„ char9ea ~nd exp~nsts,~ sach and we~y. ~MII b~ imm~diately dw and pay~bl~t wMthtr a not tMr~ b~ eatip d~
mand, attempt to oolkct w wit p~nd~rpj.yd tb~ fvll amo~nt of ~acA snd ws~y wch p~ym~nt aMll b~ar inNrtu from the dat~ tl~~of until paid ~t th~
rat~ of nioe per centum pN ~u~um; sod all ~aid cosu, cMr~es and ~xp~ns~s Inaxred w paid, ~op~thtr with wch intppt, shall b~ s~cund by tM tisn of Nw
mortpap~. . .
6. T}~st (a? u+ ~ lv~nt of ~ny breach of this Mortyap~ w d~fwN on the pan of th~ MORTGAGOR, a(b) in th~ ~wnt ~ny oi said tums of mary
her~in roterred ro be ~wt promptFy ~nd fully paid within thirty (30) days rKxt ~fte. tf» same severally becwn~ dw and payabl~. witho~t d«na~d a notiu.
w W In tM ~w~+t each ~nd ~wry the ~tipulatio~t, ~yr~ern~nn. canditia» and cove~?~nn of said pomaao?y not~ uid th~s nwrqp~ any a Ntlw an no1
iuly, promptly ~nd fu11Y pKform~d, d~xMrQsd, execut~d, ~ffsct~d, canpl~t~d, core~lisd wirh ~nd abided by. tl~en In ~nha a a~r s~ch ~wm tM said a~
ynyat~ swn m~nrioned in s~id promisswy note fhen ~~maininp unpaid, with inter~st accrued, and atl nw~wys s~cvnd I~~bY. sh~ll bsconw d~r~ and pay-
able forthwith, w tixr~afta, tta option of uid MORTGAGEE, ss fvlly and compbtely as if ~II of the s~ld wms of ~y w~n p'p'uyllr stipubted
to b~ p~id on socA day, anythi?+Q in sa~d prom~sawy note w in thi~ Mwtyap~ ro tM oo~tr~ry notwithst~ndinpJ ~ed tMrwpon w thereaftM a~ th~ opuon of
wid MORTGAGEE, witho~t oorip or dem~nd, wit at Iwv or in puity, thenfon a tMr~af»r bs9un, may be pro~cut~d a if dl
~+oneri Mcw~d Iwnby
had matured priot to ib institvtion.
7. TMt in ths event tMt ~t tF~e bsginninp of or ~t u~y tims p~ndinp any wit upon thh Mortgap~, w to faecloN H, or fo roform h, a to «+fora
payment of any daims hereunder, ~sid MpRTGAGEE shalt apply to tM Covn h~vinp jvrisdiction the~eof fw tM appoinbmnt of ~ Rec*iv~t, axh CovA sh~ll
Forthwith appoiM a rectiver of said mo:t9s9ed prope~tY al) and ~1nQu1~?, Includ~ng all and sinpvlar th~ incane, pofits, iswh and nwnues from whN~wr
sourc~ daived, each ~nd everyr of which, it beinp ~xpreuly urwlerstood, is I+ereby mwtgsged as if ~p~cifiully s~t fath and drwib~d in th~ prantinp and
hsbendum cla~ses hereof, ~nd such Rrceiver shall have ~II ~he broad ~nd effectivs funct~oro and powen in anywiu tntnrst~d by a Courf to ~ RK~iver, and
~uch appantment ~ha11 be made by such Gourt as an admitted puity and s m~tter of absolvt~ ri~ht ro s~id MORTGAGEE, and without r~fer~nn to th~
adeq~uy a inadeqwcy of tM valw of the proparty mort9~ped p to the solvency or insolvency o( said MORiGAGOR or th~ defend~nn, ~nd tl+at such
rents, profib, income, iuues ~nd rerenws shsll b~ applied by such Receiver acoordinp w tM lien w puity of said MORTGAGEE and th~ practic~ of wch
Covrt. -
8_ To duly, promptly and fvlly pNform, dischuge, execute, effect, tompkte, comply with and abide by eacb and ~wry th~ stlpvlatiora, ~preems~?q.
conditions u~d rnvenants in sa~d promusory note and this mortg~ge s~t forth.
9. TMt in the event the ownenhip of the mortg~yed premises, a any part thereof, becomea vested in • pKSOn other fhsn th~ MORiGAGOR, th~
MORTGAGEE, In succsssws ~nd auign~, maY. w;thout notioe. to the MORTGApIt, dsal .with ~uch Klcceuor. or Woassor is •iaNr~t• with nie~~nu ro this
mortyay~ a~d the deDt hereby sscvred ln ths same manner as with Mortpapw yrithout In any wsy vitiatinp pr disc~~pup tha _INqrtyapora' tisbility hen-
under a upon tbe debt I~ereby secur~d. ' No uk of ths premises fiereby mortpag~d and no fab~arenu on th~ p~r1 of~ fA~ MORTGACsEE dr Ns waessora
or aui9ns and no extension oE ehe ~ime foc the D+Yment of tFx d~bt berebp a~cw~d : yiwn by thi MORTGA(3EE or it~ suce~swn or utiyro. ~h+ll op~rat~
ro rel~ase, dischar~, modify chan~ or afiect tM wiyinal liability pf ~h~ MORiGAGOR henin, aU~a in, wFwl~ or In pa~t. ,
10. It b specificelly apreed that time is of the essence of this tontract ~nd tMt ~o w~iwt of any obliy~tip~ M?eunde? a of th~ oblipation ~e-
cvred her~by shall at any time thcreafter be held to be • w~iver of the terms I~ereof a of tAt irutnrrnent ~ecw~d herby.
11. In add~tion to the fwego:ng monthly paymems of prirK pal and inte?est. required by the promissory no1~ tecvrsd hereby, rnort~ppr epv~nanq
and agrees b pay to mortgsgee with each monthlY paYmem an sdd~~iwul wm estimated by mortgsgee to b~ eqwl to 1/12 of ths anrwal cost of tMe fdbw-
A-All real propery taxes levied w assessed apainst ths above described reat aatare., . .
B-Premiums on (ire end windstorm insurance as herein reqv~red to be carried on the improvemenb irtvste on tha above described premises.
C-Premiums on such mortgage gwranty ins~rance ss mor~gagee shall frorn time to time deem fit to arry on tM ban securad her4by.
Mwtgsgee shali irom time to time notify mwtgsgor in writing of the amount du! s~d psy~bk harwndei u~d such wm slisll therwpon be due and
payable on tF~e due date of the next monthly payment and each succeuive month thereaher uatil mortyapee shall nofify mortg~yor of a chan~e in wch
amount. Such sums shall be applied by mortgagee toward the payment of real property ta:es, inwrance , a~d mortgaps 9wnnty 'u~wranc~
premiums. • .
IN WITNESS WHEREOF, the said MORTGAGOR has herevnto set hia hand u~d xsl the dey and a
sgned, se.~.a .~a de~~~?e..d M rhe p~es~nae of: F( ~ E o r, h n a ~ c o E
sT. ~uc+': C~iUNTY FIA. n
i . - `4'~.: = ")'T ~ URT ~ 1 C i ! ~
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E ! 2-/ L QC7 ~L 12 ft ~75 ~~an A. Kloser
~ STATE OP PLORIDA ~ ~ 319400 .
~ counmr oF St. Lucie . ~ '
€ 8efwe me perwnally app~ared Paul C. K1os6Z ' ~
~ Sll~lf A Kloser his wife, to m~ welt knawn ~nd krawn to me to b~
~ the individu~ts described in and who executed -ths fwe~oiny Gutrurrwnt, and acknowledyed b~fon me that tMy executed the s~ fa tM purpos~s
~ rn~..M .xP.essod. a,a ,r~e Suaan A. Kloaer
~ wife of ths s.~a - Panl C. K10ilZ ~ i~ ~ M~~»
~ examin~Yron by me taken separate ~nd ~par1 from hsr said husband. ~dcnowladped to ~nd befpr~ m~ th~t ahs exewted ssid instnrm~~t frNly ~nd voiwr
tar~ly end witF~out a~ compubion, constraiM, appre ion, w fea of a from hsr qid husband.
4 WITNESS my hsnd and official seal thi day of ~~~Z A. D. 19 75
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~ • Public in and for S~ate of Fbrid~ ~t lsrp~
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3 Return Ta: ' -
~ fint Fe~e~al Savlr?ps 3 loa~ Assouation - _
~ Of Fort P]erce. =;~'''~~//i~
~ Fo?f Pierte. Florida `~v' =~'"-'L +Y ~~ii .
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~ This Instrument Prepared By J H Robetts~ Jr. ~ - : =
s First Federal Savings 8~ Loan Associa1 iQ n ~ r ~ ~ Y•:
~ , of Fort Pierce r Florida 33450 ~ c:~':.~~ `1',~ ~ ~ ~ ' :
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