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To piac~ .~d co+~~~m,o~+.1y k..~ oe rM b„+td~np~ now a Mre~f~K u~w» ~e u~d 1Md and on all pulprn~n~ ~nd p~nonalFy cover~d by ~hi~ ma~ i
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pw with dl pr~mivmf tf?Nwn paid i~ (ull, fi~~ i~+aur~nc~ in ~M ~wal ~?~nd~rd polky fa+~. M• swn ~pprowd by tM MORiGAGEE. ~nd wind~~orm 4
Inwrance in ~F~ viual pand~rd poltq fam, in • ~um approv~d by tM MORTGAGfE, In wch comPanY a~P+~~+ N tM 1NORTGAGfE ~n+Y ~
diacq w?d ~tl tk~ u~d wi~arm i~~~u poiicKi on u+y of 1~id bu{IdinpL ~ny InNrH1 1fiMfin W pi~t 1hfrMf, In th~ ~pq~spi~ wm afahaid a : i
in ~xcps ~hN~of, sMll camain ~M uswl ~~andud ma~9+pM clww a ~uch o~h~r cl~us~ ~s tM MatpapN m~Y ~9u~~. ^M~p ~ ~'d •
cih. ~ach and w~+Y. p+Yab1~ w aid MORTGAGEf u~ti i.~~a~s~ m~y spp~a~. and ~+th «+d w~ry wth poliq ~hall b~ p~omptl~ a~s~yn~d u~d delivKetl to
~ny Mld by w~d MORTGAGEE ~s twtM~ ~~cu~ity ro s~id mw~pa~ d~bt. ~nd, not I~u ~han rM l10I d~y~ in +dvaoc~ of the ~xpk~lion of ~ach policy, to dr
11w+ ro Nid MORTGIIGEE a ~~newal tMreot. tope~l~ wi+h • rac~ipt iw tM pran~wn o~ such ~enewal: +nd tMn sh+ll be no fir~ w windi~am Inw~anu
pl~ad on w+y of uid buildinys. a~y intereu ~h~rein or put tl+KSOt, untsa ia tM form ~nd wi~A ~M 4oss p~r~~~ +ia~++id~ +^d b? tM ~wM a+y ~wn :
of inerwy pecomN paYabl~ und~r such polky a polici~s s~id MORTGAGEE iMll haw ~h~ op~ion ~o r~Iv~ and apply tM s+m~ on ~ccow~t of tM ind~bted~ !
Mss sec~t~d Mr~by or b pamit s~id MORiGAGORS to t~otiv~ snd us~ h a~ny pwt th~reof to~ orho~ ~wrpwN. wi~hout ~h~veb/ w~ivi~y o? wnp+ir•
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inp ~ny p~ity, lien or tighl unds~ o~ by virtv~ of this moftpap~j and In 1M went uid MORTGAGORS ~hatl fa ~ny r~ason fail ro kNp ~M ~aid pnrnis~s w.' ~
in~ured, w f~il b d~liwr p.omptly any of iaid policks of in~uranu to ~aid MORTG~?GEE, w fall promptly to pay fully any premium ther~fw a in +~y
ryp~el taq b pe~fo.m, dixhu~, ~xecv~~. ~fi~ct. eompl~t~. eomph with and ~bid~ by tl~ts oovs+~u+t, a~e?y put hsrwt, s+id MORtGAGEE nwy pt~p •nd 4
par fa such uuuranc. or ~ny pa.t th~reof without w+Hinp a aif~criep any optwn, li~e. ~qvity, or ~yh~ u~,d~r a by virrw oi thts Matys~. ~nd the
4u11 amo~:M of t~ch and ~wry wd+ p~y+rant shall b~ inwncd'u~ely due snd p~yabb ~nd shal{ b~s? interes~ from tM dat~ ~he~eof uotil p~id ~t tl+~ rah o1
nin~ pN ca+tum p~r annum and together wifh ~uch Intaest shall be sscured by ih~ lien oi fhi~ moripp~. .
1. To perm)t, commit w sufter oo wuts, impairment a dete~iuation of ~aid prop~rry or ~ny pwt flw~eof.
5. To pay ~11 ~nd strg~la tM cwq, ch+~pes u+d eaW^ies. includirq • n~son+bl~ ~trorn~y's fN and ao~~s of abit.acts of titl~, incwr~d a paid at
an tima by s~id MQRTG/IGEE. bscavse or h+ tM ~v~nt of tM 4ailw~ a+ th~ part ol ~I» ssid NWRTGAGOR ~o d~?iy, pranptly ~nd futly pKfw~+~, dytfwy~
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•xecut~, e((act, comptete. comply with and alride by e~ch and ~very the itipulations, apresments, conditions, and cown~nn oi s~id p.omiuory ~ot~ ~nd thii
mw~q+p~ aMr w e+tha+. ~nd said cosn. charyes and eapenses. Nc1+ ~nd ~very, sMll M immedia~ety dw and payably whethe~ or not tMr~ be no~ic~ ds ;
mand, attsmpt ro collect w wit p~nd~ng; and tM full amount of ea~ and ~vs~Y such paym~nt shal~ b~ar intereit irom tM dat~ theraof wuil paid at tha
rate oi ~ine per crntum per anx~m: and all safd cosn, cMrge~ and expenses incvrr~d or paid, topether with wch intK~st, sMll bt s~wr~d by tM li~n of this
morqagw
6. ?hat (a) in tha went of any breach of thia Mortpsy~ a d~Favlt on t!r part of ths MORTGAGOR, or (b) in tM ~vent any of satd wms of moe»y
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hsretn r~farad ~o bs not prompNy ~nd fully paid wi~hin th~?ty (30) d~ys nexf ~fter the ssme uveralty bacom~ dw +nd payabb. withovt d~mand a naite.
or in tM ~vent each u+d wery ~he stipvlatio~s, agiNrtanes, c«xl~tions and cw~n» of ss~d pr«n'asory ~ote and M~t mwtpap~ ~ny o? t3thtr ~n na
~uty, pompNy and fulty perfamed, d~xh+rged. execWed, effecfed, completed, canplied with and ~bided ~iy. eFwn in ~ithe~ a ae~y such ~wnt 1M ~sid
prey~t~ wm meoiwned in aaid promissory note ?hen rsmaininy unpaid. with interost ~cuued, and a11 moneys satured h~reby, sMll betpM dw snd p~y-
abk fathwith, w ~he~e+fter, at the option of said MORTGAGEE, a fully and compla~ely i~ if al! of ~he said wms of money we~e aqinally atiputated
to b~ pa~d on uxb day, any~h~ny in s+;d p+omissory nore o. in thp Mort~ye to tM contnry notwithatudiny; ~nd thereupon a thereaha th~ option of
uid MORYGAGEE, without ~otKe w demand. suit at law or in aq~ity, the*efore or tM?eafter, bepun, may b~ prosatuted ~s if +1t RwrwYs aKwed hareby
F?~ IIYtWld p~e0f ro ib ~MtitutiOfl. ~
7. That in tM svent thar st rhe beginning of w st any tim~ pendirg any wit vpon this Mortya9e, a to faactos~ it, or ro reform h, or to enfwa
payment of aoy cla~ma hereunde~. wid MORiGAGEE sh~4t ~PpIY to tl?~ Co~rt hsving jwisdictia~ tfiereof fw ttw appointmenl of ~ Receiver. wch Court siull
forthwiM sppoiM + receiva of said mortg~ged propcrty all ~nd sirgul~~, Int~udmp all and iinyulo tM incane, proiits, iawts and rtvenve~ ~ran whatwer
sourct derived, each ~nd every of whKh, it be~np expressly unders~ood, is hc.eby mor~gsged u if specifiully set fonh and dswibed in ths ~rantirp and
hab~ndwn dauses hereof, sod such Receive~ shall have all the 6ro~d and effective functwns sr?d powe~~ in a~ywis~ er?truped by ~ Court to ~ Rtceiva. ~nd
such appoi~tment shall be made by such Cowt ss an admitted eQuity and a r+ytter of absoluro riyht ro uid MORTGAGEE, ~nd without referenu to th~
~dequ~cy a in~deqwcy of the value of the p~operty mortgaged or a the wnroncy a inwtvency oi ssid MORTGAGOR a tFw defendanb. and ~hat ~uch
rants, profits, income, issues and revenws ahall be applied by such Receirer accwdinp to th~ liet+ w puiry of Nid MORTGAGEE and tM practiu of such
Coutt.
8. to duly, p~omptly and fully pcrform, d~scMrqe, execute, effect, cpmpkte, tnmply with ~nd abidi by ~scl~ and ~very ths atiputations apreemenb,
c~tiora and covensnn in sa~d promisaory nore and this mo.tya~ set fwth. '
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9. That i~ the event the ownership of the mortga~ed premisa, or smr p~rt tFKnwf, beoomes vested in ~ pt~son otl+e* tMn the MORTGAGOR, tlw s
MORTGAGEE, in wccessws snd asi~gns, msy, without notite to the N~ORTGAOR, deal with such s~?aessor or wccessor in i~terest wiM reference 1o this i
mor~~ape and ehe deb~ hercby secured in rhe sarne msnne. ~s whh Nbrtgayor witi~out tn sny wsy vitiatirq or disch+ryi~p ths Mortya9ors' tiability he.~
unde. w upon the deb~ he.eby secured. No sala of the prem~ses .hersby morty+~ed ~nd no torb~+r~nq on ~ht pan of ~he MORTGAGEE or its successon
ot ~ssigns ai+d no extension o} the time fa the paymem of the debt i~ereby secured piver~ by tht MORTGAGEE or its avcuuors ot assiyro, ~11 opuat~
~o rekase, d~xha?~e, modify cMrgs or afiect Ihe wiginal fiab7Yty of tFN MdRiGAGOR herein, ehher ar wlwi~ w in part. '
10. It is speufKally agreed ~har t~me is of the essence of ~his connad ~~d that no walwr of +nY ob~ty+tbn hereunder or of tM oWipation sa !
cvred hereby shatl ~t aoy time the~eafte~ be held eo be a waiver of the terms hereoi a of the instrument secured herby. }
I1. In addirio~ to the fwego:ng monthlY paVments of princ'pal and interest ~equired by tl+e ptomissory note setured fiereby. mortgago~ town+nq E
and agrees to pay fo mortgagee with each monthty payment an addirional sum estimated by mortgegee b b~ eqwl b 1/12 of ti~e annwl cwt of the foliow- ~
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/l-All real property taxes kvied or assessed against the above descri4aed rea! ntate_
B-Premiums or~ fire and windstotm imurante as he+tin req~~red to be Arried on fhe improv~menf~ sffwte on the a6ove destribtd ptemiaes.
C-Premiums on such morlgage guaranty insurance as mwtgaget shall from time to time deem fit to urry on the loan secured hereby.
Mortgsgee sfiafl from Iime to time notify mo.tgago~• i~ writing of the amount dve and p~yable herevnder and svch wm ahall thereupon be due ~nd
payabl~ on the due date of the next monthly payment and each successive month thereafier ur.til mortgagae shall notify mort9spw of a change in wd~
amovnt. Such sums shall be applied by mo~tgagee toward the payment of real prope?ty tsxes, insunnte prem:ums, and moripaye 9wranty inwranct
premiwM.
IN WITNESS Y~HEREOF, the said MORTGAGOR has i~ereumo xt his hand and seal,the day and yesr firal aforpa'
Sipned. Sealed snd delivered in tht ptesence of: .~1 ~ ~ ' ~
F~IEU , :<tN Y fEA~ • -
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STAiE OF FlOR10A r' '1 ~Z P'•'~~ -
st. w~~e ~ ~ - 3~S'7`~
COUNTY OF
Bsfore me penonally appeared Riehard F. Schuldes a~ ;
ESme H. $Chuld@S his wHe, to me well known and known to me to b~
ehe i~?div+dwls desuibed io +nd who eaecutrd the forepoiny instrumsnt, ard ackrawted~ed befon me that tMy exewted the same fw tM purposes
~ therein expressed. And tl+e sai' Esme M. SChtlZd@S i
~ ~+ife of the ssid Riehard F. SC11t11(~!S ~p~ ~ fep~rstt and privat~
examinst~on by me taken sepa~ate and epart from her seid husband, adcrawledyed ro and befora me that shs e:etuted ssid instrumant freelp and volun-
! tnrily and v~riehovt any compubion, constraim, spprelx~s~a+, or fear of w from her said hvsbtnd
WITNESS my haod and officiel uat thi~ 24th d~y ~ October a p. ~y 75
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~ tiry Pubfk in ~nd for the Sate of Florida ~f lsrp~ ~
y Commiuion expires:
Retum To: Mo?ary 1'vbl:e, Sto?e of F]oridv of (C~g~ i
Finf Federa) Savirtgs d~ toan Associateon Y Commi:;ior. Exp;r~y ~ril 15, i978 +
Of iort P~erte. ~d bp /y~~ •
Fort Pierce. Flwida ~n ~r~ 6 ~
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. This Instrument Prepared By J. Ha 1 Rober t s J r.
First federal Savings ~ loan Association C ,
Florida 33450 ~ r ~
of Fort Pierce ~ _ ; _ ' ~ : ~
; a Y J ~ R''~
c-~ ~ p = `'J :
Checked By - • • ~ ~ u-, ~ _
~ ~ ~
' f~ F ~ .
_ 6~:::~ ~~5 F~~f17~'`?' ky : _
~ SA
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