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3. To plac~ ~nd con~inuousy ke~p on tM bu~ld~n~~ ra~w a AHM+fN NtV~t~ On Nid INId and 011 ~II ~QYIpMl1t a/ld ~f~OMIIy COVMKI ~ iF11~ RWfI¢
p~. with all pr~mivms Ihe~eon pa~d i~ futl, f~h insv~~nc~ ie th~ u~ual usnda~d policy fam, in a~wn ~ppror~d by tM NWRiGAGEE. ~nd winduam
Iniw~nce in tM wwl p~nda.d pol~cy tam, In a wm ~pprov~d by tM MORTGAGEE. in wch comWnY w ta^W^7N a tM MORTGAGEE ~Y i
dirttl~ ~nd ~II tk~ ~~d wind~torm insw~r?t~ polici~s on ~ny of uid buiMinps, any MNn~I thKein or put tMno1, i~ tlw p~re~ar~ swn ~for~ssid or ~
In ~xuss therwi, shall con~~L+ tM ~nwl iundud ma~papN ci~us~ a such ahK clwN a tM MatpapN may rp~in. nwtinp rM Iw~ w+d~r s~~d potF
ci~a, Nch ~nd ~very. MY+bI~ ro ~aid MORTGAGEE u ib i~tarH1 m~y app~rr. ~nd ~+ch «+d way ~~th policy ~hall M praopNY ~+:pn~d ~nd d~1ivM~d 10 . ~
any MM by s+id MORiGAGEE ~s fwtF~er sscvrity ~o uid mwtyap~ dtbt. ~ad, na les~ ~han f~n (10) d~yt in advance of ~M e~~tioo of each policy, to dr
liw~ ro said MORTGAGEE • r~ewwai tha~of, 1op~tMr with • huipl fw tM pr~miuen of tvch r~e~ewalp and tMn ~hall bt no fu~ a windstam in~w~nc~ i
plaud on any of said bvildi~gs. ~ny iater~st tMr~in or par~ th~?wl, unl~is in rM fam and wi~h ~F» loss payabl~ u ~faea~idr +~d in tiw ~wnl ~ny swn T r
of mon~y l~canp p+yable undM wch pofky or poliei~~ s~id MORTGAGEE ~h+lt haw tM option ~o ~~e~iw ~++d ~pply tM saerN oe +eco~nl of tM ind~bted~
ntu Ntur~d M~~by a w permit taid JNORTGAGORS ~o naiv~ snd uae i1 0? any pu1 th~rwf fo~ other pwpos~s, wi~houl ther~b/ w~ivu~p a~mpai?-
inq anY equity. tian ot ripht unda or by viNUe of this morlp~wJ ~nd In tM ~wn1 said NIOitTGAGORS sM0 (w ~ny r~awn f~il fo icNp 11+~ wid pr~misn w-_
ir?iwed, a iail to delive~ p~anp~ly any of said po~ities of Mwrant~ ro~aid NWRTGAGEE, a fail promp~ly to pay fully any pr~miun? thK~fa a in any
r~tpett tail•1o paform, dixhupe, ~xecurs, ~if~a, compl~r~, oomply wi~h ~nd ~bid~ by this covenan~, a~r?y p.n harwf, aid MORTGAGEE m~y pl+a a+d
paY fa such insuruxe w any part th~reof w~thoul waivi~p w df~ctinp any option, li~n, pui~y, or ripht ~ndK a by vinw of this Mortyap~. and tM
full amounl of sach and ~wry ~uch payment shall be inw+»diat~ly dw ~nd p~y~bN ~od thall bea inl~rest from th~ du~ tMrwf ~ntil p~id ~t th~ ~aN of
nin~ pe~ centum p~r ~nnum and togNher with wch interest thall be securad by tM li~e? of thi~ morty+Q~.
4. To permit, oommit w suffe~ no wasts, imp~irmenl or det~riw~tion of sa~al woP..~y o~ any P..~ ~Mr.of.
S. To p+y all ad dnpulu ~h~ cwn. ch~rpes ~nd experoe~, includap a nason~ble anan~y's iN .nd cosss of .bstr.cn of Krl~. inwnd w paid at
any time by said MORTGAGEE, bcause or in the event of tM failurt on th~ p~n of 1M ssid MORTGAGOR 1o duly, p?omptly M+d (vlly ppfaen, dacM~
sxecvte, effect, oompkt~, comply with and abide by e~ch ~nd ~very ~he stipulanons, praeme~ta, conditiaa, and oovenan~s of uid promiswry not~ and thi?
mortyp~ +ny a a~thsr. and said cosb. chu9e~ ~~d eapenses, esch ~r+d wery. shall b~ Mnmedi~tely dw and pay~bl~; whetiw~ o~ eat tMn b~ notip d~
mand, attempt to coIIM ar wit p+nd~ng; and tM fult amovnt of each aed wery tuch paymen~ ahatl bNr Inter~it from tM dat~ thsr~of until p~W at the
rots oi niee pe~ untum per ~ruwm; a~d alt aaid cosn, thir~! ~nd lxpQnfli LKU~ftd Of piid. 10gNMf Wifll lVCIf If?fNflt, dwll b~ sewnd by th~ IiM of thit
~~Wft~i9f.
6. Th~t (e) in the sverrt of ~ny breach of this Matyape w defa~lt a+ tM p+rt of the MORTGAGOR, a(b) in tl~t ~wnt ~ny of said swm of nwn~y
herein refar~d to be not promptly and fully psid withi~ thirty (90) days nsxt after tM same sswrally becan~ due and p~yabl~, witlwut d~m~r+d w ~olice.
or in tM event ~ach ~nd ev~ry the stipulatiom. ~grecma?ts. condi~ions and covan+nn of s~~d panissory not~ and th~s nwrty~ ~ny a ~itl+a an no1
iufy, promptly and fully ps~twm~d, descharged, executed, effected, comp~~ted, canpl~ed wi~h u+d abided by, thM in ~itl~ w~ny sixh ~wnt tl» said +Q~
prep~te wm mentaned in said promissory note then re+nainirg unpaid, with inter~st acuwd, and afl montys sacur~d hsr~by, shall beoane dw aM! p~y-
abls fwthwith, a there+fte+, ~t the option of ssid MORTGAGEE, u fully ~nd complNelr as ii dl of ~he s~id wms of moe»y wer~ wqinaNy ~tipulated
to be pa7d on such d~y, anything in wId prom~sswy note a in this Mortya9e to tM contnry notwlrhsundinp; and thereupon w 1her~~hK a1 tM optan of ~
•sid N10RTGAGEE, without notiu or dert~snd, wit at law w in ~quiry, ther~fw~ or thenafter bepun, may b~ prosacuted ss lf sll nan~ys Ncund M?tby
had matured priol to in institutiort. ~
7. Th~t in tM event that at the beginning of w at anr tims pendinp any wit ~pon thh Mortpage, o? to fbnclos~ h, w fb nform it, a fo Mforw
psyment of any dsims Iroreunder, s~id MORTGA6EE sMll spply to the Co~A Mvinp jurisdiction ther~o! for fM appanMnMt of ~ R~ttiver, svch CarN al»II
forthwith appoiM a r~cciver of said mo?tyayed propertr ell and siigutat, includa+g alI snd i 4r tM incary. p~ofita. issvM and rw~nws irom wh~t~ver
wurce derived, each ~nd, every of whKh, it beinp expressly unde~stood, is hereby mortq~as if spac~fiuHy s~t forth and d~saib~d in tM yrantirq•and
habend~m davses hereof. ~nd such Rcceiver tl+all have ~11 ths ~broad and eff~ctiva-iv~snions and powNS in ~nywisi ~mrustld by ~ Cowt to a Reoeiver. and
such appointmertt shall bs mad~ by sucl? Coun a~ sn admi~ted equiry and a~m+tter of ~bsot~te ripht to s+id MORTGAGEE,, snd withouf reEera~q to tM
adequacy a inadeqwcy of the value of the prope.ty mortg~yed w to the wnrency w insolvency of uid N10RTGAGOR~ a the d~fad~~ts, and ~ha1 such
renu, profib. income. tuues and reveouas sRall bt spplied by such Recaiver ~ccadinp to th~ Ilen'or puity of said MIORTGA(3EE and tAe prictia of such
Coutt.
8. To duty, promptly snd fullr p~rforrr~, discharys, execuN, tffect, canpie~e, pomply with and abid~ by exh and ~very tM stipulatioro, apreaeNnts,
condiYans and covenams ~n sa~d prom~ssory nore and this mortys9~ set fwth.
9. Th~t in the event the ownenhip of the mwtgaped p?emises, w any part thereof, bec~ome~ wsted in a penon otfiN iMn fM MORTGAGOR, t!»
MORTGAGEE, its iucceison and augns, may; w~hour no~Ke ro ~he MORiGAOR, dea( with such suaeswr a succeuor in ioterqt with nfer~nce 1o this
mwtga~e and the debt Ix?eby setured in tht san+~ mannet as with 1Nortg~yor witho++t in any wsr viti~tinp or dixh+ryirg 1M Mo~rtpspws' li~biliry h~r~-
under or upon the deb~ hereby secured. No sale of the promises hertby mortya~ed and no forb~aranu on tM part of the MORTGAGEE or ifs wcceasors
w auigns and no exrenian of the time for the paymenf of tAe debt hereby securld yiven by the N10RTG/IGEE w iri succenors ot usipm, shatl op~~at~
fo release, d~xMrge, modify chanye or aHect tl~s o.igi~t{I. Iiab~Iiry. of the N10RTGAGOR Mnin, eitlw in wiwl~ a in put.
10. It is specific3!ly agreed rhaf rim~ .ia of the nxnce of this cadract and tMt no waiver of any. oblge~ion,~ereunder w of th~ obliystion sr
cured hereby shall ai any time thereafter be held ro be s waiver of the terms hefeof a of the irntrwneM aecured herby.
11. In add"nion to the forego:ng moMhly paymeMS of princ'pal and interest required by the promiuory note secwed hereby, mortgs9or tovena~b
and agrees to pay to mortgager witf? each mo~~hly payment an add~iional sum esrim~ted by mortgagee to be eqwl to 1/12 of the annual cos~ of the folbw-
7ng:
A-All real property ta:es lev~ed or assessed against the sbove dewibed real estate. ~
B-Premiums on fire and windstorm insu~ance as here~n requ~red to be carried or~ the improvemerts sitv~te on the ~bove desuibcd premises.
C-Premiums on such morlgage guaraniy. insurance as mortgagee shall fran t:me to time deem fit to urry on tfie lo~n secured hereby.
AAwtgagee shall from time to time ratify mortgagor in writi~g of tFK amou~t dws and payabk heretinder ~nd such wm shall thereupon be due and
; payable on the due date of the next monthly payment and esch succetsive month thereafte~ urtil mort~spee shall notify mwtgayor of ~ ch~rge in such
~ amovnt. Such sums shatl be applied by mortgagee toward the payment of real property ta:es, insurance prem:ums, ~~d mortpspe gwranty irMUrante
E premiums. ~
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his har+d and seal tix day and ysu first sforesa~~~~%I~1
I
j Siyned, Sealed and delivered in tfie presence of:
' F{LED Ay~'~fCJ~0E0 ~
~ ' ST.tUC~= :iUMTYFLA.
~ _ RO:: . ';IiP.AS ~ • ~ , ' 4
Cl EnK c:• 't~ COURT ~
~ rc,~ c;+
~ ~
S?ATE Of FLORIDA Cj ~8 9 23 ~Il
St. Lucie ~ ss.
couNn oF r~p~
Before me personally appeared Ben jamin E, Oxndorf 3~ ~v~s ~
EVe .1. OliidOZf ha wif~, to me well I~own and known ro me to b~
~ the individuals described in and who executed the forepoinp instrvment, and acknowledyed b~fwe me tFwt they txearted th~ s~rrM for tM pwposea
r~,~;~ ~x~,~,~. ~ Eva J. Orncbrf
a Benjamin E. Orndozf
R wife of tM ssid vpon e sepuat~ ~nd priv~N
exsminatron by me takon separate ~nd apart from her said husband, +tknowledged ro~nd befwe rm that she execvted ssid instrumsnt freely and volvo-
~ rarily and wcfhout sny compulsion, co~straint, apprehension, or fear of or from hsr said husband.
WITNESS my hand and official seal tF~i~ 23rd d~y ~ October ~ p. 19 7S
;
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~ N ary Public in and for 1M Stat~ of Horid~ ~t larp~
a+~ ,
~ ~ TAT E ~ r ~ ~ Fl 3 ~
~e M,, c~„~.~a, e~«,: •
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~ ~ D~ C~J M E N T A R Y i= S T A NS P j:_ ~ N~ep t~,bQa ~ob ef rlorkb at torq~
c tO 7EPL ~F REYENlli ~ • a - -
~ . ~ litr Coma~issien Expir~s Ap~l 15, 197A
~ -~f, m= = ~Ct2a'TS~~~~~~,~F Q 5. 4 0 ~ ~w,d.d br nnxrKOe Fn a Cosuof~ Co.
~ ~ o = 1P8.` ~ ~ ,S1:io11~lUJtl/~ ~ . .
~ b~~~'~;
~ - ,
e This Instrument Prepared By J. Hal Roberts, Jr. ~ s3.) 7fi
~ First Federal Savings b loan Association - ; ~i~ ; - _
~
~ of Fort Pierce , Florida 33450 , = z, ~ 0';
L
~ Checked By ~ ' ~ }y ~ ~ •
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~ ~
~ ~ BOGK 24~ FAGE ~~U ' '
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