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To pfac~ ~erd contiew+o~~ly kNp on th~ buitdinps rww a Mr~~hK w~uab on aid ~and and on dl pulpm~nt ~nd pKwn~lly cova~d by th4 nwrt~
p~, witA ~11 p~miumt tMrwn pa~d in full, tin iowranc~ in th~ wwl ~tu+dard polky (vnn, in a w~n ~pprowd by fh~ MORiGAGEE. ~nd wi~dttwm
tnwr+ne~ In tM wwl ~undard poliey (ae~, in ~ wm spprowd by tM 1NOkiW?GEE. M weh oomp~nY a ooenP+eiK a th~ MORTGAGEE n~? , .
dinct~ ~nd d! tir~ ~nd w~brm imwiea policiN on uiy of s~id buiW~, any inNnu th~tM? o~ p~1 tlw~ol. In tiw apprp+» wm ~faa+W a
In ~xcNS tMrwf, ~Mtl con~ain d» uw+l u«~dWd ma~papN clau~ a wch ah~r cl~vs~ a?M MatppN mar nq~in, ma1~M+o ~M low wdM ~aid polb s
d.~. .ach and w.~y. WYabt~ w s+id MORTGAGEE a iH iNaNl may ~pp~~r. and ~ach and ~vsnr such poitcr shall b~ pomp~hl +u:9n.d and d.liv.nd a,
s~+y MW by s~~d MORiGAGEE ~s fu.thu ucwity to aid mapap~ d~W. ~~+d. ea ia~ d»++ tan ll0) day~ in ~dvarw~ of ~M ~xpk~tion of ~ach policy. ro d~ ;
Uw~ b Hid MORTGAGfE ~.~eNwd ~~of. wp~dwe with a neeipt ia th~ pr«niwn of wch nnew~li w~d tMn ~hail b~ no fin w windaam inwr~nu ~
pl~ad oe any of ~id build'm~p, ~ny intK~st tMr~in or pwt th~hot, vnless in tM twm ud w i
t h 1M l o
u paY~ b
l ~ ~ a ~ f a N a f d~ a n d I n t h~ ~
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of momy b~canq p~y~bl~ w~d~r wd~ policy or poliws aid MORTGAGEE sMll Mw tM optan ~o naiw u~d ~ppy ~M ~ an ~aowu d ~h~ ir~bt~
rnss wcw~d h~r~by w b p~rmN s+id MORiGAGORS to nceiw w+d uw it o? any part therwf ta otFK~ purpo~~a. withovt ~M.eb~ waivi~+p or imp~ia j~-
~^p «?r pvih?. li~n w riph~ vndK or by virrw of ~hi~ mat~.p~r and in tl+~ ~wm wid MORTCI?GORS ihall fa My nason tdt w kNp t!N wW pr«nisN w
M~wnd. or t~il b d~Nwr P~~^^P~~Y ~Y o# aW polid~s of inswana to aaid MORTGAGEE, a fail P~~^P~h ~ WY ~Ir ~ny pnmiwn tMnfor or in ~^p
r~sp~e+ f~tl b pafo.m, dhcM~9e. ~a~cva. ~f(~d. canFl~t~. compy wi~ ~nd ~bid~ bp N+is oowi+~nt, a«+y put Mrwi, wid MORTGACsEE m~y pl~a u~d -
wY for wd~ Imwann a My put tFwwf without waivinp or ~ff~ctinp an1? aWbn. IMo. pvl?Y. or ~ipM undN a br virtw of tMs Matq+p~. and tM
fv11 Mna?nl of ~acA ~nd ~w~y uxhp~ ym~nt iMll M~nntdlanly du~ ard pY~bl~ ~nd sha11 bNr IntKe~t from th~ d~q tFwrwf unlii p~W .t IM rN~ of
r?!n~ pK anh,m pM aniwm and toqedar wiM wch Mt~resr shall b~ s~cur~d by tM li~n of tl~u mortpsp~.
1. To pKmit. oommit o? wtf~r no wat~, knpai~ment w d~tNiwation of said prop~rty a~ny put therwf.
5. To p~y all and slnpulrr th~ cwts. chupM ~nd ~zpwwM ~ncludinp • r~~sooabb attan~y's fN and co~n of .buraas of tit4, kKwnd or p+W at
•ny tim~ by wid MORTGAGfE, baause a h tM ~wet of tM f~ilwe an th~ part o( ~M s~id MORTGAGOR w duly. p.amptly and fvllp p~riam„ d'acha?~
sxecvt~. ~fftet, oanpl~k, cornpty with and ab:d~ by ~+cl? and w~ry tM stipulatioe», ~prNrnenh, ta+ditiorn, ud cown~eM oi ~+~d promiswfY noh +~d th~-
~ny or ~i~her. and sad cosb. ch~rpes ~nd exp~e»es. eacl? and ~very. sh~ll b~ Y+rnediabfy dw ~nd payaW~: wMthN a nw ~Mr~ b~ notiu d?
•tt~ ro ooltact or suN pa+d~np; and rM full amoont of ~acb and wery wch paYm~nt shall b~a~ intK~s~ f?om tlw d~h tM~wf umil p~id at tM
rate o) nin~ per pntum per ur~wq; and all s~id oosts, cMr~s and expu~ses u+eurnd w p~id, ~opNfwr w~M wth tnta~st. sh~ll b~ ~ecw~d by tk~ li~n of thw ~
e+on0+p~• ~ -
6. That in th~ wen? of ~ny bre~ch of ttw Mwtyap~ or def~ult on Nr paA of tF~ NIORTGAGOR, a~) in tM wMt any of s+id arm~ of mo+~y
herein nfen~d w b~ not prompUy ~nd fuily p~id with~n ~hirty l30) d~ys ~.x~ ahe. ~h. sam. ww.a~ti b.ca+» dw wrabi.. withow d~n~nd w notie~.
or (d tn tM twn~ wch ~nd ~wry th~ sNpuiatioro. +~?~nts. conditiona ad cov~rnnn of u+d prantsw.y nw~ and this mortpap~ any a~itlwr u~ no1
iuly. prompNr aod fuuy p..fwr~+.d, d~scr~+ryed, ~xacuqd, ~ff~ct~d, wmp{~ted, compli«i with a+d ab~ded by. tM~ in ~iil~ or srqr wch ~v~ent th~ said ap~
preya» wm mtnt'anad in s~id promisswy note then r~maininp unpaid, with {nt~rest ~cuwd, and all mawys s~cvnd Fwnby, shall b~aon» dw and p~Y
~bl~ fathwith, a th~rsafier. at tht option of seid MORTGAGEE, u fu1Fy and compktely ~s H all of the saW swns of moMy vwr~ orpin~lly slipulated
to be paid on wd~ day. ~ny~hinp in sa~d prom~uory eot~ or b this Mat9ape ro ths contrary notwitMtu~dinpt and tMrwpo~ or the~~afhr al tM option ot
uid MORTGAGEE, witFaut not~u a damand, svit at I~w a i~ puity, th~refon a tMrsafrer bayvn, may M prowcvt~d aa if all mon~ Nour~d Iw~by
had rt?~tund priw fo iq inslitution. ,
7. Th~t In ths svent thst at th~ be9innlrg of or at any t~ pendinp ~ny wit upoe+ ~68 MortQ+pe. a ro for~clat h, or to nfon~ h, o~ to ~nfora
paymsnt o} any claims Mreu~der. said N10RTGAGEE shall apply to th~ tourt havi~ jurisdiction thereoi fa th~ appoinM~ent of ~ R~celwr. wch Cowt shsll .
f«thwith appoint a nuive~ of taid mortyaped propertY ~II ~nd sirgular, includmp all and tinqular tM incorn~. profits, iuws and r~v~e~ws from what~ver
sourp derivtd, each ~nd ~v~ry of which, it beinp acpreuly underitood, is hereby mortgaged u if ~pac~fiully wt forth ~nd dNCrib~d in tM prantinp snd
hab~ndum cl~~s hereof. and such Receiva~ shall Mw all ths b~oad and tffective fur+ct~oru u~d powen in a~ywis~ entrusttd by ~ Cowt ro a Reoeirst. ~nd
•uch appointmtnt sM11 be mada by such Cowt ~s an ~dmined equity ~~d a matter of ~baolute ri~h1 to s+id MORTGAGEE, ~nd withoul r~ferenn 1o tM
•dequacy a in+d~quacX of tbe wlu~ ~of Pub popkty.aart w to ti+~ wbency ar ~motwe~cy of said N10R1GAGQR ,qr tM ~ deht~dr~t~; ~+d th~t wd~
renn, profi», incort~e, issues ~nd revenues ~lull b~ ~pplied~such Receiver accordinq to th~ li~i~ or puity of said JMORTGAGEE ~nd 'the ptKtict of s~ch
Court. . . . _ . • . . • . _ . . , ~ , . j j : i
8. To duh~.' P~~+PtN +^d ~N P~~+. ~cFN?ye, execvt~, tH~tt, ob~nP{~?~ ~+Ph? wi~h `~nt! a~id~ by each ~nd ewtr~ tM stipulatiw+l; ~pr~r»nts.
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conditiora and aovepants in a~d pcomissory nott. and . this mwtgaq~ set .fwth, r , . ~ , ~ - ~
9. That in tl+~ went the ownsrship of tfie mort9ped premises. w any part thercof, becw~ws vested in • perwn otl~ th~a th~ MORTGAGOR, tl+~
MORTGAGEE, ns successon a~d assiyr?s, may, without no~ice to the MORTGAOR, daal wi~h svch wccessor or wccessa in interesl with ?ef~r~nce ro tha
mwtpape ~nd tl+e debl hereby secured in ihe same rrWnner as with Mort~agw without in any way vitiatinp a dstharpirg fM Mortyapas' iiability h~rt
under or upon the debt hsrtby aauxe~l. No~sale of,tbe P^~KS ~~lf ^+o?~O+Q4d #nd; no.forb~lnr~ on IM pat;of tM INURTf3/4GEE o? Iri woceuoK
or easiyns a~+d no eictension of the time for tht ~p~yment of the deb~ he~eby securtd yiven by tF~e MORTGAGEE o~ i?s su4pt~or} a astijpa sMll op~raN ~
ro retea~, dixFN~p~~ modilll ch+ige or ~fficl `tl+~ wipirnl 11~bilify- of thi MORTGA~fweiq. ~ither in=wlwl~ et M p~ff: '
10. It it apecificaMy ~gred thM tiei~ ii of fhe eaenre o~'`thii taMratt ani!'thaf'no Mr~iv~? 01 sriy oblip~tlon MrMri~de? ci of th~ obliy+tiorr sr
cured ha~by ~hall ~t any.ef~ t}~peafta b~ hel~ 1o b~ ~ waive~ of th~ t~rma:hereol ar of ths ieatrureent sKU~ed harb~r. ~ .
11_ In add~tion to the fwego:ng mauhtY paYments of p~inc:pal and interest required by the prom;ssory rqte secured hsreby, mortqagor oovenanq
end sgrees to pay to mortgsgee with each monthly payment ~n addi~io~al sum cst~mated by mo~tyaQee_ro b~ eqval w 1/12 of the annwl cost of the fdlow-
. , . .
A-All rea{ property taxes Iev~ed o? asxssed against the above deuribed real estate.
B-Prerniun~s on f'ws ~nd windstam ie?surance a~~hNei.r~requ~ed to b~ c+rried on the t~'rovemen» situ~te on the abov! desaibed pr~mises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit fo urry on fhe loan secured f~ereby.
Mortya9ee sh~p irq~n r~me to ?ims norify mwtgayo. in wriri.g of tM, amar+M dus and par~bf~ hcreundq ~nd autf~.wrn ahd~ thereupon be due and
payabie on the due date of the ne~t monthly paymeM and each successive month theresfter until mwtysyee shall ratify mortyapw of a cF~ar?p~ In such
amount. Such wms shall be appfied by mortgagee toward the payment o( real property taxes, i uwnce p~em+wns, snd morty+pe ywr~nty 3nwr~
premiwns.
IN WITNESS WHEREOF i eaid MORTGAGOR has hereunto set hii hand snd seal th~ day r first af
~ SNled in tM s~ of:
; F~?.E~ : ~t~ rE:~~DEe , , ~
t iT.+.uc!~. . ,uNtr Ft~. q
~ RO~Ef "•.~.'~~S ~ IGenneth athauer ~
z c~~Fr ti~;~+ ~ouar
f ~ ~ ~ , ; = ~ [r~ 7
~ . K..
~j n
~ STATE OF FlOR1~A ~ ~1 ~G 35 A~' I + , . s
~o~,,,n, ~ ~a d ~e. ~ ~ 3~A265
.
~ ~.fa, ~~,a„iiy Kenneth Vathau¢r. a sin~le adult x~c~e~c
~~r ro m~ well known ~nd known b me to M
rhe irdlvidwl desaibed In and who ~xecuted fhe forepany instrureNnt, and acknarvted~ed befon en~ that fie• ~:scvt~d tM sarM for th~ purpows
rherein ~xpres~ed. ~
. . i:y~~~.a,'f
i`ii~~ ~ 2
WITNESS my Iw~d and official seal th~is a~~ day of tober D.,,~,~,:
• ~-if•i~~
~ ~ -.'~~t~ . ~ - ~ .
~ I
~ ~ Noaary Public i~nd fw tM Stai~+lf~ ' n~p;
~ My Cwnmistion ~xp&~s: ~ ~ ~ ` .
~ Retum To: ~ • `i ' ~ ,
~ Fint Fadetal Savirg~ 6 loan Association NOiil?1 ±Y_ ~:At' Ca= f.C..:~~ A1 L~~~
~ O( Fort P~erca :!r Cf: t=.: • . c . ~U[Y 1.
. _~.1 Y~~' -
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~ Fort Vierce, florida S~YCFa i~:~:i Cr:~'_:L:: ,._t l.qy~~;~~. :}•r:
i~,'
~ ~
~ This Instrument Prepared By John W. Collins t
~ First Federal Savings E~ Loan Association
~ of Fort Pierce , Rlozida ~
~
~ ~h~~ By BOGK245 ~A~~1312
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