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To place ~nd con?inuovtily ke~p on tM buildinp~ now w i+H~afta ~itwt~ on ~~id land u+d on ~II equipment ~nd p~rsonally cover~d by? II+N morp~
p~. with dl pruruwes tMr~ paid in fvll. (in inwrancs in ~M uw~l suodard policy form, in ~ awn ~pprowd by ~M MORTGAGEE. ~e~d windt~an~
u ~
inwtw~a M tM ~wal pandud poGcy iwm, in ~ swn app~ov~d by dM MORTGAGEE, M wch oompanY o~ comP+niN q NN MORTGAGEE nuy ~
dinc4 ~nd all fb~ ai+d wind~a~m infw~na polici~s cn any Of NW bViWif~{, My inh~qt fAHNr1 Of pMf IIIM~O~, in tM apprpaa arn+ da~wW a ~
In ~xuw IMr~of. ~hall conutn tM viwl standwd mortpapM clava a wch ahK dws~ ~ ~M MortpapM m~y rpv'v~. nwkfn0 tFw kss w+dM s~id Pd~' S~;
ci~s. ~+d~ ~nd w~ry, p~y~bl~ b uid MORTGAGEE ~s its Ut~rtN may appNr. ~nd Nch ~nd w~ryr ~utl~ policy ~h+~l b~ prwop~N aa~Md +~d d~tlwt~d b
My Mld by s~id N10RTGAGEE ~s furthN tecwity to faid mortyap~ dtbt, and, na tNS ~Mn tN+ (10) d~ri ie +d~++na of rM ~xplration of ~ad~ polie~r, Io d? . (
IivM w~sid MORTGAGEE ~ r~xwal tFw~of, top~Uw~ wi~h a nceip~ fa. ~M pr«niwn o/ such r~n~walJ ud tMn sh+ll b~ no fih a wind~tam kaw~
pl~ad on ~ny of s~id b~ikitnpw ~ny i~?h.at tM?~ie a pat NN+wf, unt~ss G? th~ fwm and wNh tlr loss p~yabb a~fo?Naid~ ~nd in tM ~wnl any swn
of mon~y becom~s pay~bq w,d~r wch poiicy o~ polici~s s~id MCRiGAGEE shsll Mw tM opr~o~ ro nuiw and ~pply tM s~rw on ~coow+t of th~ ird~M~
ness Ntwtd har~by a b p~rmit aid MORiGAGORS ro reuiv~ and us~ It ot any par~ tMrwf for other pwpoa~, without tM.eb~ waivi~y a imp~in 1
&g anY puity. If~n a ri~M unda or by virtw oi thia mat~a~ej and fn tM ~wnt ~id MORTGAGORS ~hall fa ~ryr r~ason (ait b k~ap th~ wW pnmba a ~ E
imuted. w f~il b d~livK pranptly any of ~aid potieie~ of ieawsnu lo s~fd MORT(~1GEE. a t~il promptly to pay fvlly ~ny prMnium thweia a In aenr
nspat fatl b p~.form, dlscM~~e. ~a~cut~. ~fhct. compkt~. compy with and abid~ by th4 cov~ant. a any p~rt Iwwf. s+id MORTGwGEE n++y pi.o. u+d .
P+Y for wd~ kaur.rrc~ or My pat the.tof without w~ivinp a aff~ctlnp +iM optian. ~iM. puih?. a ~ipM undM a by vktw of this Mar~qp~, a~d tM .
fvll amo~m of ~~ch ~nd wKy such paymem shdl t~e inrnediat~ly dw and p~yabb ~nd sMil Mar int~r~st han ~h~ daN therwf until paid at tM r~N ol
NrK pK csr?rwn pa ~+uwm u+d ro~ether with such intere~t shall b~ ~ecwed by th~ IiM of this mortqp~.
4. To pNmit, oomndt or sufiw ~o wat~. tmp~im+eni o. der.~a.•non of ss~d prop..h w.ny p+n rM.wf.
S. To pay ~II and slnpul~r th~ cost~, chupes ~nd ~xp~nie~, includinp aiNSOnabb ~ttorn~y's f~e ~nd cosa of aMnacts of tirt~, incw~~d o~ paW ~1
sny tims by said MORTGAGEE, becaus~ a Fn tM ~vent of tM fail~re on tlw put d tl+~ s+id MORTGAGOR 1o dulp, promptly u~d fu!ly p~rlora~, di~ci~
~xecufe. ~ffsct. compl~~~. comply wi~h end ~bid~ by ~ach and wery tM stipulatiorp, apr~na~~f, conditions, u+d aownann of ajd promi?sory not~ w~d thb
mortyap~ aenr a eitha. and said cos~s. charp~s ~nd expensK, esch ~ad ewry, fIM1I ~ IInfM1IiN1l~y ~N ~If1I (fYy~b111 wMtha~ a not tMr~ b~ eatip dr
m~nd, artempt ro oolleet or wit pN+d~ny; aod tM full artwvnt of e~ch ~nd wery wch p~ymN+t aMll bea. int~~es~ from IM da» tlw~of umil pdd ~t NN
~at~ of nine per cenrum per Nw~um; and ~11 said cosn, charpes ~nd eap~nses inarrr~d or paid, topetMr w~th uxh intK~st, aMll M ucwed bp th~ I~n of tM
6. Th~t in tht ~wnt of any be+th of this Mort~a~ o? def~vlt on tFr p+h of ths MORTGAGOR, or (b) in tM w~nt u~y of wid t~nu d ma~y ~
M?ein r~fernd ro b~ not promptly and fully pasd withi~ thi~ty (30) days n~xt •her ~M ~an+e ~ewrally b~cor~ ~ ~ed p~y~bh. wi~how d~nund a nala,
or tn the ewnt sxh snd ~very tM stipula~ia», pr~n~nta, cond~tions ud oovsn~nq of sa~d promusay not~ ud this mortpp~ any a Ntha u~ nol ~
~uly. promptly and ful~y pKformed, d~acharped, ~xecuted, ~ff~ct~d, canpl~tsd, compli~d with and ~bided by. tF~ in ~itht? or a~y wch ~wnt the ~aid a~
prepat~ swn rt~entioned in s~id promiuory ~+ote tMn remaininp unpaid. with inu?sst acuwd, and all moneys a~ard lwr~by. sMll b~com~ dw and p~y~ i
abl~ iwthwith, or tF?~raafter, at ~h~ option of said MORTGAGEE, as fully and canple~ey +s H ~II of th~ said wrm oi mo~wr vwre aipinallp stipul~td ~
to b~ paid on ~~ch day. anything fn sa~d prom;uory not~ a in this Mortp~a to tM ca+n~ry notwithstandinpj and th~reupon a theteafia at th~ option of c
aid MORTGAGEE, withovt ~101iCO Of dar~nd, wit ~t I~w o? in eq~rity, ther~for~ w tF~eafta begun, may b~ prosecuted a if dl mawyf s~cvr~d Mr~by ~
Md matured ptwr to in irotiturion.
7. That in ths we~t tMt at the beg'mninp of or ~t any ti~rx pe~dinp a?ry wit upon tha Mortpspe, or to iw~ H, a to nfonw N, a to anfora
paymeM of s~y daims M.ew+der, said MORTGAGEE shall apply ro tM Co~A h~vinp jurisd~ct~on thersof tor t1w appoinlmeN oi s RMeive?. wch Gowt d+a/1
forthwith appoint a receiver of uid mortyayed prope~ty all ~nd cu+pular, k~duduq all and so~yulp IM incoen~, profits, luu~s and twtrw~s fro~? whNwM
~ovra daiwd, each ~nd every of wFi=ch, it be~rg expressly w+derstood. b he.eby mor~gaged u N ~peciiiultp ~t1 forth and d~wibd h ~Mt 4?aluinp and ~
h~ba+tid~Nn daus~s hereof, and iuch Receivsr sh~ll have all the broad +nd effectiv~ funa~oni arw! powen i~ ~nywis~ aeM~ustd by ~ twxt ib ~ Reo~ir~?. and t
wch sppointm~nt shill be made by such Cairt u ~n admitted equity snd • matter of ~bsdute r'~ght to sak! N10Ri(3AGEE, and withouf rekr~~oe to th~
•d~qvacy a ie+Kleqwcy of the valve of the property mortysyed ot to tM sohrency w i~solvency of ~aid MORTGAGOR p tfii' d~f~p„ ~nd that wch
rent~„ profits,- income. issues and reva~+ues sMll b~ applied by wch Receiver accad~np to the lien w equity of ~aid MORTCsAGEE and tM pauiu of wch
Cour1. ~
8. To dv t ~nd ful fwm, dixhar (
!y. promp ly ly per ge. execute, effect, complete, comply wilh ~nd abide by exh u~d ev~ry th~ ttip~?latiom, aprN~ts.
cwwGtions ~nd covenaMS in sa~d promissory not~ ~nd this mwt~a~e set fwth.
~ 9. That in tIN eveM the ownership d ths mortgayed premises. w•ny paN thereof, beoomes vested in a pawn otha M~n th~ AAORTGAGOR, th~ f
MORTGAGEE, its wccessors a~d auigra, may, without notice to the 1NORTGAOR, deal with such iuccessw a succes~a in interqt with rtfatnc~ to this
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morepaye and tha dtbl hertby setured in 1hi s+m~ manner as with Mwtg~gor withwt in anr w~sy viliatlnp ~or d'isd~srph+p Nr Mort~pon' li~bility hK?
ur?der a vpon ths dsbt F~eby secur~d. No ssl~ of th~ premises hercby mppap~d and np fo~k~sranos on th~ put of ;th~. MORiGAGEE w its ~uaessors f
or suigns and no extension of the time for the payment of ths debt hereby sec~rad yiwn by th~ MORTGAGEE or i1s sucoesswf o? asigns, ~MII opa~1~ ~
ro release. d~acl?~r~. modify change a vffett the oriqinel~ ItabiGty of the MbRTGAGOk Iw~eit~. ~ither in wFiob w in put. +
spe~ N+~reed that thr~e h of the essence of this cona+et and th~t no w~iwr of
10. N is ~fical ury~oblipation Mreund~r or of th~ oblip~tion s~- ~
ared htreby sha8 at any time thereafter be held ro be ~ waiver of the tar.m hereof a of the irutivment aecwed hsrby. • ~
I1_ In add~tion to tFx fwego:ng monthfY paYmcnts of p~inc'pal and intercst required by the promissory note secured hereby, mortgapor toveMMa
and agrees to pay to mortgagee with each monfhly psymem an addirional sum estimsted by mortysgee to be eqwl to 1/12 of the amwt oost of the fblbw-
ing: ~ • . _ ` ~ ' ,
A-All real property taxes lerird or assessed against the above described reat esqte. -
B-Premiums on fire and wi~datwm inwrance as herein requ~red to be cxried on the improvemsnis sitwte:pn.th~ +bovs de~aib~d premiaes.
C-Premiums on such mortgage gu~ranty inwrance as mortgagee sh~ll from time to Yune deem fit to urry on the ban setwed hareby.
AAortgsgee shalt f.om time to time notify mortgagor in writing of the amount due and payablt herew~der ~nd such sum shall therevpon b~ dw and
payable on the due date of the next monthly payment and each successiva month tFxreafter ur.til mortpspae shall notify mortgayor of a chanpe in wch
ama,nt. Such iums shall be applied by mortgagee toward the payment of real property isaes, insursnce prem:umt, and mortpspe gwranty inwwnoe 1
premiums. . ~
' tN WITNESS MVHEREOF, the said MORT6AGOR has hereunto set his hand and seal the day and year fint aforesa' i
:
I Siyned, Sealed and delivered in ihe presence of= :
~ , ~ :
~ n ~
~ ~ s h M. Cubow J ~
~ ~ ~
..si _ Lin Ls Cubow
n--~ l
STATE OF FLORIDA ~
courm of St . Luc i e ~ ~ ~ ' ~ ~
Befwe n,e pe,wn,~~y .ppe„ed Joseph M. CuboM, Jz. ~ -
Li nA~ L-_ Cuhc~ hit wNe, to me wsil known u+d known to me to b~ ~
' the ind;vidwls described in snd who executed the forcyoiny instrumeet, ~nd acknowlecl8ed b~foro me that they e:ecut~d the ssrt~ fw th~ p~rpo~as
rhere;n exP,es,ed. A„d the ~s;d Linda L. CXtbwu
w~re o~ rh. ~~d Jo~ph M. G~bow. Jr.
ex,mii»rion ~ • s.pa..r. ad ptva
by me taken scpar~te and apart from her iaid hvab+nd. ~duawledped 10 ~nd befor~ mt thit ahs exewt~d wid irotr~ment ft~el~r and roiur~
tarily and withovt ~ny compulsion, constroint, appre wn, a f~ar of w from he? said Iwsband.
WITNESS my 1?~nd and official seal tM' d~y of /1. D. 19_Z~
~ ' Natary Publit in and fp t Stst~ of id~ ~f t~rp~
~ My Canmosion e:pires:
' Retwn To: ' . / ~ ~ C
Fint Feder~l Savirgs 3 loan Auociat~on . •7
Of Fort Pierce. .
Port ~Pierce. Flwida ~ _ . { ' -
fILE C - ~ "zi.C°.DED • _
~ ..:..:;•~'~i~ }
~ NTV FLA. " '
ST.IUC £ -~AS 'y", • '~~;s'-~
F.~vr= ~~ti • , . _
CLEPF. .:Li~ CBURT : Q•
This Instrument Prepared By John W. Collins F'~ ti' j~~ ? ~r
First Federal Savings d~ Loan Association ~u ~ -
of Fon Pierce , Rlozida ~7 30 16 N~+ - j~' J` ~r4'~ ~
r..f.~'•.; "
. ~
Checked B ' ` f'}j~': }'t:'f E •~t •
° R 245 PA~E 892 . a~s~s ~-f;,;,,,,,,,,,,,;,,:~,
60QK
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