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9. To pl~c~ ~nd continuoudy kep oo tM buildiop~ now or her~afqr utv~h on saW land and on ~11 equipm~nt ~nd pa~onally cownd by thb mw~p•
p~, wiffi all pr~miwm~ lherwn paid in fvll, fir~ Inswu~c~ in ~M vwal slandud polity fwn1, M~~um approwd by tlw MORTGAGEE, and wind~torm
i~aw~n (n 1M uswl aandard pol~cy tam, In ~ wm approwd by tM M~ItTGAGEE, in wch companr a oompai~ a~ tM MORTGAGEE ~nay
direct~ and ~!1 fi~~ ~nd wind~rorm inaw~nc~ policiM on ~ny of 1~id buildinpf, ~ny InNnst th~r~M w put IAa~wf, in tA~ pprpat~ swn ~fwtiaM or
M~xcNS thenof. sh~ll conuin th~ uswl stu~dwd monypN dws~ w wch ah.. davw u ~M Ma~pp.. may ~.qvk~, m~kiop ~M Iws w+da said po1F
ci~s. each ud ~wry. MY~bI~ 1o uid MORTGAGEE p ih in~Ka~t maY +i~. and tach M~d wtry wd~ policy shall !N pranptly Nt~9rNd M~d dtlivK~d W
My MW by s~id MORTGAGEE u furtMr s~cwity to aid matpsp~ d~bt, and. no1 bw fh~n Nn (10) d~y~ In ~dv~nc~ of th~ ~xpirNton of ~ach polky. to d~ i
liw~ to ~atd MORTGAGEE • r~wal th~r~of, ~opNh~r with a ~~c~ipt fo? tM pwnium of wch r~w~lt and thK~ ~M~1 b~ ew fir~ a wlndsrorm inwranu 4
plaud on ~ehr of wid buildinps, any i~tNeN tMnin w p~rt tM.wf. unlqs In th~ Mrm and witA tl» loss payabl~ u ~taKa{d; ~nd M(M ~wM ~ny ~wn f
o~moMy b~can~a p~y~blt w~da wch polky a policiN aid AAORTGAGEE sh~ll haw tht op~ion to repiw ud ~ppty th~ saM on accouM of tFN {r~bted~ }
eby a to pKmN ~aid N~ItiGAGORS to nuive ~nd w~ it p any p~.t thsrwf fa other p~rpotK, wi~hovt t!?K~b~ w~ivirq or rnp~ir- ;
+n u.ed. a f.l a d.Hv~h~ w~dK « by vir~w of ~hN morrpp•r a+d in ~M •v.m u~d MORTGAGORS ~h.11 fa .ny ~N•on fait ro k..p th. s.d pr.mjses so ~
pranprly aMr of said polrct~s of inswanc~ ro aW MORTGAGfE, a f•il prwnptlp to p~Y fully any p?~miwn tlN~~fw a In any ~
re~pM fall b pNfwm, dischary~, ex~cuq. effM. compkt~. compty with ~r+d abid~ by thi~ cov~nsr?t, a any put hu~of, wid MORTGAGEE may plaa and ;
WY fw wch trow+na w an~ p.n rFwr.of wirhou~ w•fv~+p or ~fiectlnp ~nY aW~«4 UM, pvity. or riph~ vnd~r or py rirtw of thts Marpp~. ~nd the
full amouet of tach and tvKy wch payment shall b~ imrmdi~fdy dw and payabb and shall btar i+?ttrat from tM date thKwf untit paid ~t th~ r~N ol i
nins p~r c~nt~m pK annum a~d fo9ethe~ with su~h intaest shall b~ secund by th~ Iwn of M~is mwtyap~. s
1. To pamit, COf11~7If p WffN fW WifN, GnWimKn1 p d~tHlor~tion of Mid pfOPNty Of MIY ~iA fl~t!lOf.
S. To pay all and dnpula th~ costs, ci~W~ and ~apMSes, includinp a rNwn~bl~ ~t~orney's fe~ and cosri of ~bstncts of titl~, kKVrnd or_paW u
any time by wid MORiGAGEE, Muus~ a ~n rh..wm of ~hs fa;luro on ~M pan of ~M saW MORiGAGOR ro duly, promptly ~nd fuly p~rfonn„ di~chuq~
execvt~. ~ffact. complet~. oorr,ph with a~d ab~ by ~ach u~d wery ths uipulations, ap~e~m~nb~ cprditioro. and oown.nn of satd p~antswry nw• and Uw
+~w~yap~ u?y w~i~ha. ~nd said cw~s, cMrpes ~nd ~xp~nus. esch ~nd evNy, shall b~ krrn~di~t~ly dw ~nd pay~bt~j wMtMr a no~ tMr~ b~ notia d?
mand, anempt to colkct w wit~ p~nd~n~s a~d ~h~_ fvll amo~nt of ~ach u+d ewry ~xh paym~nt ~hatl b~ar intK~st han tM dat~ tlweof vntil p~id at fht
rate of nina pe~ cer~tum per am~um; s~d all siid ooits, char~s and expenses iercwnd or paid, top~IhN wifh s~th ine~rpt, slwll M s~wrd by tM li~n of thia
mortpa~.,
6. TMt (a) tn the evNit of any br~ach of ti,is Mwrp~ w dsfa~lt on Mr part of th~ MORTGAGOR, or (b) in tht ~wnt ~ny of said swna of moMy
her~in ~eferr~d b b~ not promptly and futly p~id within thirty (30) diys ~exl after tM sunt sewraNy b~co~nt dw u~d pay~bl~. Mrithout d~mand p notice.
or In rh~ ~vMf ~ad~ and w~ry rh~ sHpvl~~ioru~, agr.ema~n, conditioro and cov~n.na of ss7d p.omissory oote ~nd rhia matpap~ ~ny a NMwr are na
iuy, promptly u~d iu1N ps.fo.m~d, d~scMryed. exacvt~d, ~ffea~d, compbred. compii~d with ~+d ~bid~d by. 1(Nn ill NtI1N p ~ny ~IKII ~vMt t11~ Miil ~
preyat~ wm mentioned in s~id promissory note then r~ioinp vr~paid. witA int~?est ~cuwd, ~nd all mw?tys s~cured her~by. ~MII b~oonN dw and pay.
ebt~ forthwitF~, or thereahN, ~t t1w optia+ of said MORTGAGEE, as fully a~d completely ~s if •II of the wid wma of mon~y vwn w;qlna~~y s~;p~~~~ed
to b~ patd on such day, anythinp in sa;d promissory note or in this Mortpape to the contnry notwithstandi~+p; a~d thKwpon a tlw~ahw ~t tM optiw~ of
wid MORTGAGEE, withovt notic~ a d~mand, wit at law or in pvity. N~er~foh a thareaha b~ywb may b~ pros~cuqd a if ~II mp~ty~ s~w?~d h~rebp
had marwed prior a in ins~irurion.
7. That in tF» ~v~nt tMt at th~ b~ginnirg of p ~t ~ny tien~ p~ndiny any wit upon thy Mpt9g~, a to fa~elos~ N. o~ fo nfam H, p to M~fo?q
payment of any daims hereunder, said MORTGAGfE shall ~pply to the Court h~v&g jurisd7ction tMr~of for th~ ~ppointrmnt of a R~piwr, wch Co~rt sFylt
fwthwith ~ppoint s recciwr of aaid mortpaped property all ~~d slrguln, includ~np all and sinQular th~ inoome, protits, btws and nvuwy }tom whattvt~
soures derived, each and wery of which, it beinp expreuly vndersfood. a I+sreby mo?tga9ed p if specifiully set forth and dMCribed in fh~ pramin~ and
habend~em cl~vs~s hereof, ~~d iuch Receivs~ shall Mve all the broad and ~N~ctive functa~ ~nd powen in anywis~ entru~t~d by a Court to a Receiver, and
wch appointmsm shall be mad~ by wch Co~rt at an admitted eq~ity and a eMttN of absolute rght ro wid MORTGAGEE. ~nd without refKence to th~ ~
adequacy a inadeqwcy of th~ wlw of th~ property morfpped or to the wNrency a insolvency of s~id MORTGAGOR a th~ defendams, and ~hat such 1
renn, profits, incane, i~sues u~d reveows sh~ll be applied by avch ReceivK acaord~np to th~ lieo a puity of said MORTGAGEE ~nd the p?~ctic~ of such
Covrt.
8. To dvly, promptly u+d fully perform, dschargs. execute, effcct. complete, comply with and abid~ by each u~d ~wry th~ stipulatioos a~reem~~ta,
conditaro and oovenants in said promissory note snd this mor~gage set forth.
9. That in the event the ownenhip of the mortgaycd pramises, w any part tF~eof, becomes vested in a p~non other than Nw MORTGAGOR, th~
MORTGAGEE, ib wccesson and assipns, may, wi~hout no~ice to t1+~ MORTGAOR, deat with such succeuor or succeuor ln inter~:t with rofer~ ro rha
mo.tyage and the debt hereby secured in the same msmer as with Nbrtyspp witho~t in ~ny w~y Jifiatinp w discharpirg tlw Mortp~ors' liabitity harr
under a upqn ths: dc4t INr~by sscur~d. Np s~la of ~M premises hereby mwtyaD«!. aad no fabear~no~ on tM put of tM MORtGAGEE w its suocesso~s
o~ asiigns and no exfc~sion of ~he Nme fo. ~he paymen~ of rhe debt Aereby secund yiven by tM N10RTGAGEE o~ ib s~?cps~on w assip% aFyp optr~b
ro rek+s~ discharpe, nadify cM~ or-sffeft tM ori9insl 14bilitp oi the~ MORTGAGOR hw~iry titMr N wAol~ or M puf.
•-10. It ta specifkally agned that tiaN is of ths es~encti of ti,is contract ~nd th~t no walwr of ~ny o4liy~r;on h~F}i~ndK a pf yw obliyation s~,
cvred h~reby shall at ~nr tirM ther~~h~r b~ held to be a w~iva of the ymns h~reef or e/ th~ instrwMr~t ~cured.Mrby.,
11. In add~~ion to the forego:ng monthlY paYment~ of princ"pal a~d interest required by the promissory nore ~ecvred herebY, mortyayor apv~nanri
and agrees to pay to mortgagee with each monthly payment sn sddi~ional sum esrimated by mwtpapee to be equal to 1/12 of the annwl cost of the follow-
'ng:
A-All real property taxes levied p assessed againtt ~he above desuibed ~eal estate.
B-Premiw~y on _fire and windstwm Tnswanca ss bereln requ~red 1o be, carriad • on ths improver~nts situate on tbe abp~re descr;bed prNnis~s,
C-Premivms on suth mortgage guaranty insurance as mortgsgs~ si~sll from time to time deem fit to urry on tha bsn setured hereby,
Moetga~oe shall from iime, to time rotify mortgagw ;n writinp of th~ amount d~e aod pay~ble hcreu~der and such w~n ahall therevpoe bs dut and
payable on the due date of tfic next mo~thly payment and each succeuive month thereafter untfl mottqayse sl~all ~notifp mon9s~w of.~ -clMngs wd~
amount. Such sums shall be applied by mortyagee toward the payment of real property tsxes, inwra~te ptemiwns, and mortgaye ~uuanty insunnce
premiums. .
IN WITNESS WHEREOf, fhe ~sid MORTGAGOR h~s herevnto set his hsod snd sesl the day and year fint ~faasaid.
S~alsd and deliva~d in tM presence of: FI{;E Q A R~ R( ti' ~ ~
st. ~•~uM~r
'I _ Fa-_r.: : T~,s
! C:E•:r'. .~,~1lT ~OUR1 q .
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~ / OCT I~ 13 P~'75 ~
I STATE OF FLORIDA ;
i St . Luc ie ~ u` 319402 " ~
courmr oF
~ Befwe ms psnooally app~and Vineent R. MeLyndea }
' Willie G. McLyadl~ h~ w~~~; ~ m. w.~~ ~.~d knwn+ w m. a b.
I
E the individwls desvibed in and who ~xecuted ~ the foreyoinp instrurmnt. ~nd ~cknowkJpd b~fon m~ that they sx~cuted th~ sarn~ for th~ pwposa
~ rhe~ein acpres~ed: And rhe said IA~1 ; G MeLypd~
; wire of rl,. said vitlcent R. Mc1.Smaen „pp, ..~..,..~a p?w.t~
~ exsminatan by me taken separate and apart from hN uid husband. ~dcrawbdp~d b~nd b~fp~ m~ fhat shs exetvted said irotrum~nt frwly and voiwf
~ rarily and withovt ~ny ~computsion, constraint, ~pprehensi°~ w fsar of w from h~r uid husband,
~ WITNESS my Mnd and official seal thi¦ ~~tl day pf ~~~I A. D. 19 75
~
ot~ry P~blic in and fw ~he Sar• of Horid. a1 Larp.
y Cemmis~ion ~xpirp:
i Return To: . . Plotary Publ'K, SlMe of f1o?fdo at t~.••~
fiwt Federa) Ssvings 3 lwn Asaoc(ation N•r Com~.srow Expires April 13, i: -
• Of Forf V~erce. ~ Bondc~! by q~~~~ p~~~ 6 Cawott
Fort Pierce. Flwida . Y W.
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This Instrument Prepared 8y J. Hal RDberts,JY. ~ z ~r
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First Federal Savings d~ Loan A iat !on ~ J_4 ~ z
~ o f F
o r t P i e r c
e ~~lorida 33450 Z ~
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Checked By ~ - , .~,';.,.-~y1 ~ ~ i~' ; - :
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