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3. To piac~ and contin~ouily kep on tM buitdinp~ now a hKe~ftN wtwM on faid I~nd ~nd on dl p~lpms~t and pNSOnaily oowr~d by thb ma1~ ~
p~, with dl pruniwns tMreon paid in full, fire imurance in 1h~ ~swl stud~rd polky fam, M• wm ~pProv~d bl? tM MORiGAGEE. Md wi~ton~
In~w~nc~ M tM viwl ~und+~d policy fam, M s wm approved by tht MORTGAGEE. M wch comp~nY or oompani~ +f tM MORTGAGEE re~ay
dincU and ali Ih~ and windsw.m in~urano~ poikie~ on any of uid b~itdu+ps. My Inqnst tlwnin or part tMrwf, in th~ pprpa~~ wm ~fonsaid o~
In u~uss ~hKwf. sMll contsin ~M vsv~l sunda~d mor~p+pN ciause a~ tuch o~l?M c1auN a tM Ma~papN e+~y nquir~, m~kinp tM ba und~r wid po1F
cia, ~xh and ~wry. paYabl~ ro said MORTGAGEE a in iMe~sp n+~y ~ppeN. Md ~ach snd ~w.y such policy shall b~ pranyNhr aN:qMd +nd d~livK~d 1o t,' ;
~ny MW by s~id MORTGAGEE u funher wcurity to iaid ma~pap~ dob~, and. eW ba ~h+n te~ (10) d+ri io advann oi tl» ~apfratiae of Nch po~ky. 1o da
Ilwr ro~aid MORTGAGEE ~ ren~wal Iherwf. ro~srhH with • reu~pt ior the pnmium of wch r~newalt u?d ~hen al?+II b~ no fin a windstam inwrann
pl~qd on any of said buildi~+ps. ~ny ima~st tFw~e~n w p+rt th~.eof, unte» in ~he fo~n+ u~d w~~h ~M loss pay~bl~ u~fw~~Wi ~nd in tlr ~wnt ~y wm
of ma~y becanes paYa~ ~ PaKY a Polai~s wid MORTWIGEE shall Mw ?M optiw~ ro nulve and ~pply tM wrN on +aow~l of t!» ind~bted~
nyy secvnd hu~py w 1o pamit said MORTGAGORS to reuiw and vw It a any ps~t thaeof fo~ othe~ pwposes, wilhoul thK~b/ wsivinp a irtips3~- ,
Inp ~nY pvity. lien w riqht under w by vbtw of this mo:type: ~nd in tM ~wM taid MORTGAGORS th~ll fo~ any rwson 1ai1 to kNp th~ a+id Pt~mists so
~sured, w fatl q d~livsr promptly any of uid polkies of insvra~c~ w said AhORTGAGEE. or fait promp~ly to pay fvlly ~ny prur?iwn tha~for or 1n +^y .
r~spect f~tl W pwfant, dischag~, exccut~. ~fled. comptea. compM wl~h and abl~ by thi~ cov~nant, a any p~N Mrwf, s+id MORTGAGEE in+y plac~ +~d
paY fw wd~ inwranu or ~ny p~N thereof withovt waivinp or affeclinp ~ny optiwy li~n, eq~~ty. a~~ph~ wsdN a by vktw of thit Matpap~. and tht
fvll amo~nt of ~acA ~nd ~wry sucA payment iFull b~ immediatetjr dw and p+yabk ~nd ~hall b~ar in~ere~~ from th~ dat~ tMnof until paW at tM rat~ of
nin~ pK cMtwn pN ~nnum and toyt~her with ~uch intarest shall be ucur~d by tM IiN? of this mortpaps. '
1. To p~rmit, commit or suffe~ no wutt, impa'vmsnt or deter'ar~tion of wid propKty ar any parl tMr~of•
5. To p~y dl and sirgula~ tM cvsts, cMrpes a?d expanses, iacli?dinp a nasonabb ~tton+~1/s f~ ~d oosts of ~b~n.c~a of ti1N. Mcwnd w pa~d
any tim~ by uid MOR~GI?GEE, b~cavse w in ths ~vent oi ~M fail„n on the paN of tM iaW MORiGAGOR a du~Y. P~Mh~ ~ w~N P~a~. d~~++~
•xecut~, ~ff~ct, oomplete, comply with and ab~de by each ~nd svery the stipul~tions, a~~e~nsnn, conditio~?s„ ~nd oownann of ~aid promiswry nob and thi~
mat~ap~ uiy w eiths~, and said cosq, char9p and eapenses, e+ch and ~rery. thall b~ immedi~tely dw ~nd pay~bl~~ wMth~r a no1 tha~ b~ notic~ d?
mand, attempl to collect or wit pending; and the full arnounl of e+ch and every ~uch peymem shall bea. inrores~ frpn tM dd~ tFwwf until p~id at tM
rat~ of ~in~ pN teNum per amium; and all said cosfs, char9et ~nd expenses intwred or p~id. togNher with suth intKKt. sl~all b~ Ncw~d by tM (1M of thl~
~«ro.w _
6. Thsf (a) in tM ~vent of any breach of this Mortq~ o~ dafauh on the part of tM MORTGAGOR, w(b) in tM ~wM ary/ oi s~id ~vm~ of mon~lt
herein r~fe~r~d to b~ no1 p?omptly and fully paid within thirty (30) days ~ex~ ~ita the same severaly beco~n~ dw and pay+bl~. witho~t dan~nd or notic~.
w W in the even? e+ch a~+d every the stcpulations, sgreemenq, conditions end cown~~ts o( a~d promFuwy not~ and this matpap~ any o~ ~itM~ u~ no1
iufy, pranptly ~nd fully perfwm~d, d~scharged, execvted. eftMed. compkted, complied with and ~bided by. tMn in ~ither a My svch w~M tlw s+id ~p
prpab w~n m~nriwNd in sa:d prom~~sory not~ tF~ee remaininp unpaid, with imereat ~cuwd. ~nd all mw»ys a~curd htrtby. .nan ar~o~~+. aoa ar
•bN fathwith, a thereafta~, at the opr~on of said NWRTGAGEE, u fully and completely ~s ii all ,of the ssid sums of mon~y v~r~te orpinally atip~l~ted
to be paid on wd~ day. a~ytfiing in ssid promiuory ~ote w in this Mwt9age to the contr~ry notwi~hstandinps +nd th~~~rPon a tMr~~hK at fhe optio~ of
said MORTGAGEE. without notice w demand, wit ~t law a i~ equity, therefore or thasahe+ bpuo, may b~ prw~cut~d ~s if dl.mon~ya s~cund.Mr~b1?
had mat~r~d p~i0~ ro ifs institution.
7Mt in tM •vent ~h.t at ~he beglnning of or ~r any rime~ pend7ny ~ny wit upon this Mo?tgs~. or ro fonclw~ h, a w rYfam it, or to anfwo~
paymer~t of any claims hereundrr, s~id MORTGAGEE shail apply to the Covrt haviny jwisdictbn thereof fa th~ appointm~nt of.• R~aiva, wch Ca+?t ~h+l~
Fathwith appoiM a reccive~ of said mortgaged property atl ~nd singvlar, includmg all sod iingular tM i~, profits, iasws ~nd rwenues from whahret
source darired, each snd evcry of which, it beirp expressly undcrs~ood, ia he?cby matgaged u if specHiully ~tt for~h and dewib~d in the 9r~ntinp and
habendwn claus~s hereof, atld fUCF1 RKlIVH shall F?~ve all the broad snd effective funcnom snd powera io anywise eotrwted by ~ CaM to ~ Receiwr, ~~ul
tuch appointmenl shall lx made by such Court as an admi~!ed eqv~ty and s m+tter of ~bsolute riyht ro s~id NWRTGAGEE, and witbo~t ttf~rtnce 1o Na
adeqvacy or insdeqwcy of tl?~ wl~e of the proputy mortpagnd ar to the sqw~ncy u i~xotvency oi aid MORTGAGOR a tM defendants, ~nd that such
rents, profib, income, issues ~nd revenues shsll be appl+ed by sLch Recqiver accordiny to the lien or puity of saW MORTGAGEE and the practiu of wch
Covrt. . - , . . .
8. To duty, promptly and fulty pMfw~n. dischary~, ex~cuti, eHect, eompkte, comply wi~ ind ~bWe by Neh and ~wry tM stipul~tions, aprHrtienb.
conditions and covenants in said promissory ~or~ and ~hfs mortyape set fo~th. ,
9. That ie the event the ownsrship. of the mortgaped premiaes, or any paA thereofi becomss v~Nd iq a penon othe~ tMn tht MORTGAGOR, tht
MORTGAGEE, its succeuws and assigns, may, without nori~e to the MORTGAOR, deal with such wccesaor a tu~cauor in interest with referenc~ ro this
mortys~ and the debt herebr secwed in the sxnt manner ~s weh Mwtgsgor without irr ~ny ~w~y viti~tirp w disth+iy~g fM Mortys~ors' li~bility har?
under w upon the debt hereby secured. No s~fe of the premius i~ereby mortgaged and rw forbearance on tM par~ of th~ MORTGAGEE a its wuesso?s
or assigns snd no extension of the time iw the payment of the debt hereb~r secured yiven by the MORTGAGEE a iri succsason w_assipns, shall op~rN~
ro r~lease. dachar9e, modify char?ge or ~ff~ct the aig~nal lisbility of ths MORTGAGOR I+~roin, eithe~ in whok a in part.
10. It is specificdly agieed ~tlut time ia of fhe esserree of t4~is coMract end that no waiver of any obfyatioo hereundet a of th~ oblipstion t~-
cured hsreb~l ah+ll at ~ny time_ther~aftx,,be.held ro•be • waiver of fhs tarms 1lereof a of the instrumaN secvrad h~rb~r. . •
11. In addition to the forego:r.g mon~hlY. paymenq Of princ:pal ~nd intereft reqvir~d yiy 1M pr~osfory nof~ seuued herebY, nw?t9+9w coven~nts
and agrees to pay to morigagee with euh monthly payment an~addi~anat sum estimated by mortgayee to be equal to 1/12 of the annual tost of the follow-
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A-AI! real property taxes lev+ed d? asfessed agai~st tF~e aboJe ~described re~~ estste. ~
' B-Premiunu on fire snd wiodstorm insuranoE ss he.ein ?equ;red to b~ urried on tF~e impro~remenb sNvate on ttF+e sbove desvlbcd preni~ses.
C-Premiun~ on wch mortpage 9w•anty inxxance as mon9agee shall from tiw~e ~o:time deem fh ta carry on ffis ban sewred hereby.
j Matgsgee shall from tirr~ to time notify mortgagor in writing of the amount due and payable hereunder and tuth wm sh+tl thetevpon be due and
E paysbk on the due date of ~he next monthly payment and each successive month thereafter until mortyspee shall notify mwtgagw of a cha~ge in avth ~
~ emount. Such wms shall be applied by mwtgagee ~oward tix payment of real property tsxcs, insursr~
e prem:ums, and mwt~ape ywrsnty insvranc~
F prertiwms.
~ IN WITNE55 WHERfOf, the said MORTGAGOR has hereunto set Fiia hsnd and seal tl+s day y~ar fint ~fa~wid.
~ S~akd nd de ' ered i~ the p~esence of:
y~#N~v.Z~ ~Gi" _,nl'~`? ft~f0 i4=. '~~JnD£0 q
Witness St `uC;t _•;~"TY Ft~. R
~ . h:~Gi ,!?S ~ ~
' .'nr,~,^!'
{ . ~ r c [ i. : : L CIE~:lC f , ;t^ C;t~eTt • ~
Witness • ,r~~,•. o e W. Feest ~
STATE Of ` ` ~ 4~ ~ ~ 1 ~
~o~~ ~ ~~:f ~ 1~ ~ . c~ . 3~.9623
B~f«e me penonslly appesrcd R~¢=t H. Reest~ J!. ~
Mar,i or ia W. Ree ~t his wife, ro me w~etl known •„d krwwn ro ms ro b.
the individwls descr~bed in and who executed the for~~^ instrument, and ackiwwledged befwe me that tMy ~xea?ted ths same for th~ purpw~~
therein expressed. And the said ~3ozie W. l~~st
w~is of the said ROb@!t H F@QSt~ JI. upon a ssp~rat~ and priv~»
exsmin~tio~ by me taken uparate and spart from her said husband, stkrawledged to and befor~ ms that she exearted aid instrwnent frsely and volwr
rarily and without ~ny compulsion, consrraint, apprchension, or fesr of w from her said husbar?d.
~ WITNESS my hand and official seal this S~` dsy of Octobez ~ p. ~q 75
> S(.. ~
~ . ; Notsry Public i fw the Statt of,jieeide-at L~t~
~ My Comm~ssion ~xpires: . c• ~ ~ -
Returp Ta 7. 3/ 7 ry
~ First feder~l Saviogs d. Loan Association
~ .
Of Fort P;er~e. ~ ~
~ Forf Pierce, flwida ' .
. . i .
t;t ~ i ,
.-y~ IMR~~
This Instrument Prepared By John W. Collin~ - ~ ~
First Federol Savings b Loan Association If =
. •v,S ` .
of~Fort Pierce ~ Flo=ida " ~ '
Checked By BooK 245 PA~E 40
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