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J. To p~ace •nd ca~~~nuo~i~y kecp on me bo~ .f~ •~f ~ww or h~rraher si~~ete on +,~d !~nd and on a!1 eq.,~~;~~~ero snd personaily covered by thit mor~~
•g~, wiih atl premivms tt~creon E,a:d in f~fl, (iro ~:~!~~a~~ce ~n the wval vanderd ~Ot~cy fo~m, in • eun~ appru.ad by thd MORSGAGfE, •nd winditwm
i~wrancs In Ihe ~wal s~andard pu~~ty lo~m, in ~ sum appru~ed by ~he MORTGAGEE, in such company or wmpan~es a~ ~he MC?RTGAGEE may
diract; and aU f~ra and w+r.Jitwm in~~ra.~ce pol~uns on a~y oi se~d bv~~d~..q~, •ny in~ereet ~here~n ot part ehereof, in the ayyrepsre ~um da~s~id or
In ~xcess ~he.eof, shall cw~teio ~he us~al ~ta~ide~d m~r~gagee clauia o+ sush o~he~ cla~~e ~s the /lnurly~y~~ msy ~eq~~~~, mskinp ~M toa unda sa~d polF
cies, each •nd e~e~y, psyab'e to sa~d h~ORTGAGfE as ~ts in~arcq may eppaa~, •rd each and every wch pol~cy •hall be promp?ly ~tt~ned s~d defivared ~o
any hald by fa~d MOR['vAGEE •s ~unher secu~~ty to ia~~ n:wigage deb~, and, nol !e» then ten (101 dsys in •dva~xe of the •xpir~tion of euh pplicy, lo dt-
liv~r to said MORTGAGEE •~m:ewai theraof, toyethar wrth a rece~pt for Ihe Fra..uum of such ~ene~:el; and ~he~e sh~fl be no I~re o~ wi~~storm insuranc~
pltted on any of s~~d bu~ld~ngs, any intmeM ~hare~n u? pert therrof, unless in tM form and w~~A f?M ioaf payabte at a4wea~id; ~r+d in th~ sv~nt any ium •
of money become~ payable unchr wch poticy w puLc:as se~d MORfGAGEE ~hell have ihn op~~on to reczive ond appty tha ssma on account oi tM indebted-
neu :ecured hereby O~ to pe~mil ia~d MARTGAGOkS to reccnd and u~e it or eny pcrf ~he:col ~r,. other pwf.esrs, w~~hcut th:reo~ wairin9 0~ ~mpair.
~n9 any equ~ty, lien a~ght under « by virtus of ~Ais ~~o~!yage; •nd ~n the evrm s~:d A10RTGAG~RS shetl for any reason fail to keep ~he said pr~m;ses so
insured, o~ fai) to del~ver p.omptiy aoy of ~a~d ~ai~cies of inwranc~ lo ssid N10RiGAGEE, w 1a~! promptly to pay f~lly any premium ~he~eFw o~ in any ~
reipad fail ro p~riorm, d~xhuge, eaet~re, effect, ca~~plrre, comply with ~nd •b~de by thit cove~ant, a any pan herwf, ia;d MORTGAGEE may place ~nd
pay (a such ina~rance or any part Ihereof w~~hoot waiv~ng w•f(ec~iny any opucn, lien, equ~ty, or righ~ unda a by virtw o( this JIRwt9ay~, and the
iull ~movnt of each and wery auch paymoro ~hall be ~mmed~ately due and payaule and s~a11 bca~ interest from ths d~le thereof until Faid at Ytw wte ot
nine pet CeM~m per annuni and tcr~r~her wuh aud~ ~nte-ros! shai~ oe securrd by fhe I~en of thit morf9age. '
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io permif, commit or suffer no weste, impa~rment or d~~Mrioration of sai;l prope~ly o? any patt thereof. ~
S. To pay afl and aing~tar th± custs, cnarges ar.d_ exprnies, ~ncludi~.g a reasonable sitwney's (ee anrl costs of abstracts of titls, incurrQd w paid a1 ~
any lime by said MORTGAG:E, becauae o~ in the event of the iailure on the pan ol the said MORTGPG'?k to duly, promptly snd fully perform, d~uMrg~, ~
rxecute, effec~, camplere, caoFty w~th and eb.de by each and evrry the stipu~ations, ag~eemeniS, condi~~ons, snd mvenants of said promissory nole ~nd thi~ 3
mortg~ze any or e~rher, and as:d costs, cMrget end exFenses, eech and every, shall be imrnediaiely due and payable; whet?~er p rtot there b~ no~ice de ;
mand, aue~np~ to colfect or wit pr~d.ng; a~tl the f~ti amovnt of each and every wch paymcn~ ahall nesr imerese From the date Ihereof until paid at the
r,~te o; n~ne per centum per a~~~w:n; an.: afl said costs, cha~ges and expenses ~rx~rred or paid, togNher w~th such in!erest, sFall be setured by ths leen of tha
mortyaQe. ~
6. Thst (a) in the tvent of any b~each o/ tni~ M~tgage or default on the pan of Ihe RSG~CiGAGOR, w(b) in the svenf ~ny of seid sums of mw?ey
herein refe~red ro be not pro.np;ly and full~ paid wiihin ~h~:fy 1301 dsyi nex~ af~er ~he sa~ne seraalfy beconu due snd payable, w~thout demand w notice,
o+ icl event each and every the stipuia~io~s, agreemants, co:~d~t~o~s and covenanrs of sa~d prom~~so~y note and th~a rtwrtqa~e any a either are nol 1
~uly, promp~ly and fuliy performrd, d.scharged, eaecvted, effe;ted, somplerrd, complird with and abided 5y, ttxn io edher w any iuch ~vent the s~id a¢ ~
~regate sum meni~ooed in sa:d promissory ncr~ then rema~ning unpa~d, wi~h interes~ eccrurd, and all moneys tecured hereby, sMll becoms dw ~nd pa;- t
able iorthwith, o? ti~ereaf~er, at ~he opr~on of se~d MORTGAGE~, as tvlly and compie~ety as i1 all of ~he said wms of maney were or~gin~lly stipulated ;
to be a~d on svch da , an th:n in s3.d rom.sscr note or in rhis Mwt a e to ~he contrar not.v~~hatandu a~d the~e~ n w Ihereafter at the o tion of ~
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sa~d MORTGAGEE, w:thout not,~e o~ demar.d, sun at law or in e~u~t~r, ~here(we or thereafter ixg~n, may be p~o?ecuttd ~s if all moneys secur~d Asteby
nad mst~red prwr to ds i~st~t~t~on.
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7. That in Ihe event tF.at at the beginn;~~y of or el any t~~ne pending any svit u;.on tl,is N!orfgage, or to fweclose it, or ro refwm it, or to enforu
paymeN of any cl~~ms h~re~ndrr, said MORTGAi;EE srtaii opp!y to the Co~rr ha+ir.g ~ur~~d~c~~on thereot fo~ thr appo:ntment of • Receiv~r, such Court shall
forthwith appo~nt a receiver of sa:d mo~tgaged property ali and s+~~gv!ar, inciud~ng alf a.~d s~ngu~ar the income, profiU, issues and rerenues IrOm whatever
sour~e derived, each and ever/ oi wfi~ch, it beerg expres~ly ~nders~ood, is Fxreby rr.ortgeged as if spec~fital~y srT (orth and destr~bed in the granting and
F,abend~m cle~ses t~ereof, ar.d such Receiver sl~alY have all the broad and effective i~ncs~o~s a~~d powers in anyw~se entrustcd by-s Cou~t to ~ Receiver, and
i..ch appoin:ment shail bc made by sush Cou•t as an ad:nitted equlty and i ~TAlfFf of abso~~ee nght to said M02TGAGEE, and witiw~t reierence to the
e~lequacy or ina~equacy ot ~t:e velue of the property mortgaged or to the so!vency or in~olvency of u;d ARORTGAGOR w the defe~~dan?s, and that i~yh
re~rs, profits, income, iawes and rever.ues ahail be app;ied by such Recerver accwd,ng to t!x lien or equity of said MORTGAGEE ar.d the practice o( such
Court.
8. To d+,ly, prompt'y and lul!y perform, d~sci,aige, execute, eifect, cor~,E~te, :o~npiy w~th and abiC~e by each and every the stipulations, agreemeMS,
,ondirions and co•:enants ~n se~d promissory note ar,d th;s rnxtgag! set lorth.
9. 7hat in the ever~t ~he ownersti~p of thr r~,ortqaged prem,ses, or any part thrieof, 6ecornes vetted in a person other lhart tM MORTGAGOR, th~
h'ORTGAGEE, iti su:cessors ar,d as:igns, may, wi~ho~t not~ca to the A10RTGAOR, deat w~th s~ch successw or aucce~w~ i~ inle~ett with ~efererxe to this
mortgsye and the debt he~eby secu~ed in the same manner as w~th ldo~rgagor wi~hout en any way vitiatiny or d~xharging thr Mw{~a9orf' lisbility Ff~re-
~nder or upon the debt hereby sec~red. No sa!e oi t1:e Fremises hereby mortgaged end no iorbesrance on the pari oi tM MORTGAGEE or iti sutcesso~s
or essig~s ar.d no e:tens~on of the +ime {o~ the paymrnt of the debt he.eby sec~red gi~en by the MORTGAGEE or ifs successors w aup~s, ?hall operat~
ro release, d~scharge, modity change or a(fect the orig~nal 11a~;Gty oi the N'ARfGFGOR herein, eit~er in whole a in pa~f. '
10_ It is spec~fically agreed rhat rime is ef the essence o! thi~ contract ard tha~ no waiver of ~ny obligafion hereunder or,pf the obl3pation s~- ~
cu~ed hereby ahaU at any t~me ~herea'te+ be Re:d to be a wai+er of tAe terms hereof or of the instrument secwed herby. •
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11. In add ~,o~ to the fe~ego:ag nion:h.y payn,~nrs of pr~nc pal and inter~;r reqvired by the prom~swry na!e secorad F~T~~, .~~r~y
i~d agrees to pay to mortgagee w~~h each mcnthiy pay~nenf an add~~~onal avm est:,:~ated b/ mortyagee to kx equaf l0 1;` 12 q{~ihp•ae~nr~~fhf~,fdlow-
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A-All reai preperty taaes ie~ned or assessed agai•~st ih; abcve desr~b~d real estate. ' L~ ~ } °
,I B--Prem~~•r.s o~ fire ar.d vnncisrovn ins,rarce as he:~~ n rcG~.red to be ca~rled t•n the V^~fpVET@.115 s:tuate on flw ~i! ~lesttybsd pr~r?it~?. _ ~
C-Prem,ums on such m;;rtg~ge g~a~ar.t~ irw•a~.ce as ~rort~agee sheN !ro:r, t:me to t~me d_em fit to tarry on lfity~iq s~+~~d.Fx~yy, : ~
i Mongagee shaii from r~~~e to 1~T~e not~Fy mo-~gagor ~n vrr~nng of tfie amo~~t d,e and payable hereunder and sud~~nf•tball thereupOri ~Cdue ~nd {
F,aiable on th due ~are of rhe ne~! mo~~:l~:y payn;~nt a~id each wtcess:ve month thereafter ur.til mortgagee shal) notify.iw~{j~qa{ypr.a/ a'~l~n~ in futh }
! a~-~•ount. sums if-.ati t:e apF~.:~ed by morry.,~~e ru+.ard tne {.a~ment of rral prcperty taxes, insvrance prem:v:ns, and~~{Ot~gf~ 6~~fy mwr~nea ~ ~
~ c.~-emi~ms ° f _
! \ TPJ ~ sa h10RTGAGOR has h?reunto set h~s hand and seel the day and ear first afor said. ~ ~
~ ~S~d ~ed - ~v in the presence of: ~F T T~L.E~ 1~ .
; ~ ~ ~ ~ ~ ey ~ rus ee
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! STATE OF FIORIDA ~ ~ ' ( Seal )
~ouNTr oF St . Lucie _ j Wa r : D~av s Trustee
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; fore me nu ~l a aredTr_~~s L• R0C3 ~rS~,~ Paul E~
~ ' am er ~o,~; ~~~,,,,,~jLAai~ ,i~n-qer, :.'alter~~avis an o n . c eo s r~s ees . ~
i ~ ~"~-~"`Y~-~r--+~++-•---- fo ne we~ known a rawn to me fo b~
the individusls dewibed ~n and wha exccuted the foregoing instrument, and acknowledged befwe me that they exetuted the same for the purposp .
~herein exprlised. Mw!-ti+e-aeid---------- - t
vvHtOhth~letd- _ arpw.a~puat~+~d.{+siw1~ Y
t~reTinati~ `y-w~t~~en ~epwM~ end~a.t-f~ow?I~e~ ~e~d~#wsbK~r~tMn~wi~alg~t~ ~wd-bef~o~e-~we-~iw~ ~hs-ew~M~d~s~id irKew~~n?f~r~siy..aw~ ro4rw~
f ~~y'rtd'werhe~w~wy-a~ew~tuis~w,~~n~t~awnti~rp~ci~~n?~r-f~a~oi~r-i~ow?-Fwr-a~iJi~rs~aw~. .
WITNE55 my hand and offic~al seal th~s___~l~?R day of__ h~a ~ q. p, ~q 76
~ ~4~ ~ ~J ~ ~ . ~ ~ ~
L~ Notary Public in end foT"the te of F' a~t I.~ry~ '
~ Rct~rn To: My Commission expires: ~ 4 /-l 7~
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; first Federal Se+ings 6 Loan Ass~uar.on 334~'15
a of Forr P:erce . „_h(~~~ ~ .
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This Instrument Prepared By Donald E. Nuohes ~2 ~ 321 • ~
; First Federal Savings ~ loan Association " MA'( 1 `'~p~o : r-
: of Fort Pieres , Florid~. ' _
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' Checked By .:••..z..••'
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