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3. To p~ac~ and continuou~ly ke~p on tM bui'dings now w M~~ait~r ~itu~q o~ said lu+d and on ~II equipmtM u+d p~nonally tovtr~d by tht~ mort¢ :
~p~, with •II pr~mi~ms ?hereon p~~d in full, fir~ in~~rana in ~M ~i~al i~~ndud poficy form, In a i~m ~pprov~d by tM MORTGAGEE, and wind~~wm
€ttr'r"'c.'.-~ ~2! t3t2 vti:-31 if'v:.-~'s.'s~ ~a.' i~•• Rl 8 3'si-t :•-:vY~~ `v- ':2 ~'~Y=:: r? s•~-~ COm f~ M ip af IM MORTGAGEE r1M
~=~•`s ~ s W Y comP+n y
d'u~c~j ~nd ~11 tk~ and wir?d~torm insuranc~ poi~c~es on any of uid b~rild~nps, a~y Inta~~1 th~rein w part tMr~cf. in th~ apprp~~~ wm ~(pt~aid q
In ~xc~a thereof, tMll comain ~M ~swl i~andud ma~ypN clav~ a such ottwr cl~uw u ~h~ Ma~y+qN may rpvu~. ma?irq th~ bu ~nda ~aid po1F
ci~s, e~ch and ~very, payab~~ w said MORTGAGEE ai ils in~erest m~y ~pp~ar, ~r?J ~~ch and ~wry tuth policy ~h~ll b~ p+omptly w:yn~d and d~livKed to
~ny MW by said MORIGAGEE fur~hM ~eturity to said mor~ya9~ dcb1, and, not kss IF~ t~n (10) dalr~ in ~dranc~ of ~M ~xptr~tion isth pofity, to dr •
i~w~ Io wid Mt7itTGAGEf a r~wa{ therwf, ~~ii,N wi~h ~ rec~ipt fw tM pr~miu~ oi wch ~~n~wal; and ther~ ahali b~ ra f'u~ or wind~torm inw~anc~ ~
pl~ad on ~ey of uid buildirgs. ~~y inte~~~t tM.~in or put tMreol, unku i~ tM form and wiih tM lou p~yabit u~fa~saWt N+d in IM ~wM ~ny ~wn . '
of mway becpn~~ payabl~ ~ndsa wch policy w polici~s s~id MORiGAGEE shall haw ~M option to recsivs ~nd apply tM s~m~ on ~ccount of tM ind~bt~d- ~
n~s~ secur~d M.eby or b permit said MORTGAGORS ?o reuiv~ ~nd us~ it p any pa~t thereof la oehcr purposes, wiihout thereb~ waivinp a~mpa'u- '
Inp any puity, li~n a ri9h~ undN w by virtw oi thit morr9pr, u~d in tM ~wnt sa~d MORTGAGORS sMll iw ~ny r~ason fail ro IcKp tM s~id premise~ w ~ !
ir?twed, a fail to d~livsr promplly any ot iaid policias of ir?sv~~nc~ ro s~id MORTGAGEE. a f~il promp~ly to pay fully any pr~mium tha~fw a ie~ any i
r~ip~ct fail w pNior~n, diicharge, ~xccur~, effecL compiet~, cornply with u+d abid~ by this covenanl, or ~ny part Mrwf, sak! MORTGAGEE may pl~oe and •
paY fa such insvr~nc~ w a~y part tMreof without w+ivinp or ~ffectlnp u+y optan, li~n. equity, w ripM unda a by virtw of thb Mortpp~. ~nd tl,e ` ~
full ~nount o/ sach and ~very such payrrKm ihall be iminediately dw aod payaEl~ ~nd ~hall bear lnt~roit from tM dab tMr~of until paid a1 tM r~h o1
nin~ ptr c~nwm pe~ ~nnum and to~ether with such inte.at shall bs secured by Ihe li~a of this mort~p~. ~
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1. To pHmit, commit a iuifer no waste, imp~irmant a detciwration of said property or ~ny paN thereof.
S. To p~y all and ~inputu the cos~i, chupes ~nd e:pens~s, inclvdir+p a~earonabb anwney's is~ and costs of ~bstr~ds ot titl~, incu~red or paid at
sny time by said MORTGAGfE, because w i~ th~ .venr o( ~hs taitura on ~FK pan of ~he a;d MORTG/IGOR ~o duly, promptly ~nd fully pKform, discharp~ i
execute. tHect. compleN, comply w~th and ~b:d~ by each ~nd ~very ~he ~tip~tarions. apreemenn, conditKw. ~nd oow~anq of s~id ~c..-.:-.«ry ewt~ ~nd tFw
mortqaQ~ arey a eiiha, snd satd cosb, charyes ~nd e~penses, e~ch ar?d evtry, shall b~ Imrr~ediately dw and p~yebl~; 4,rhe~~r a not rh~r~ b~ notic~ d~
mand, ~nempt ro collect a wit p~nding~ arid the futl arrwunt of each u+d every ~uch p~yrntm ihall beu iMere~t iran tF» d~t~ tMreof until paid a1 th~ 't
rate of~qine per centum prr ~n,~um; and all said costs, cM~yes and axpenses incurred w paid, 1oge~her with such int~~s~t, shall b~ atur~d by tF» li~n of thif
mortpap~.
6. TTwt in the ~vent of any breach of this AAat9p~ or default on the part o( the MORTGAGOR, or (b) in tM ~venf ~ny of ~aid sums o~ ~~oney
hcrein referrad to be ~at promptty snd fv1ly paid wirhin fhirry (30) d~ys ncxt alter tht same tevaalty becom~ dw ~nd p~yabl~, withovl dtm~nd o? notit~,
or in ths ~vtnt each ~nd ~vsry Ih~ stipvlafions, ~greements. conditions and cov~nsnti of taid p~omiuory ~ote and this morl9p~ a+y o~ ~ithK ~r~ nol ~
ivly, promprly and fu1!Y p~rfwmed, discharped. execueed, ettecred, compl~ted. complied with and abided by, th~n in eitMr a any such ~wnf tFw said aQ~
prcg~t~ wm mentaned in ssid promissary noro then ~ema~niny unpaid, with iroeresl acuued, and all moneys secured I~trtby. ~hall becortK dw and pay~ -
able fwthwith, a thereafte., st ~he oprion of said MORiGAGEE, ~s fully and completely as ii •11 of the said sums of mon~y wer~ pipinally atipul~ted
to be pa~d on such day, any~hing in sa~d prom~sswy note or in thi~ Mortyage to the tontrary nornithstsndin~; and thereu~wn or there~fter N th~ op~ion of ~
said MORTGAGEE, without notice w demsnd, tuit ~t law a in pvity, tFKrefwa or tixre+fter begun, may b~ prosecuted ~s if ~11 montys s~wrd Iw~eby ;
had rrwwred piwr ro~n i~t~rvf~o~. i
7. TMt in tht event that at the begin~~r+y of w at a~y time pending any suit upon tl+is Matg~e, w M fwetlos~ It, or M nfo?m it, a ro en(wd '
payment of ~ny claims hereunda, sa~d MORTGAGEE shall apply to the Court having jurisd~~tion thereof fw the ~ppointmu~t of ~ Rec~iver, such Court shall
forthwith appant a~eccive~ of said mortyaged property aIl and aingutar, inctud~ny ail and sirquler ths incom~, protits, Iawtt s~ rwemies from wh~ttver
wurca da++v~d, each and svcry ot wh:th, it t~i~:p ~x,::~a's:y :~.-r~rs~c«i. it F~reLy ~;a.ig.ye.i as if specifically sel fath ~~d dtatribed in the yrsntinp ~~+d
habe~dum clauses hereo~, snd such Rcceiver shall Mve •11 fhe lxoad and efiective iuncnons and powers in anywip entrwted by a Cowt to a Recaiver, ~nd
svch appointment shall be made by such Court as a~ admittcd equity and a matter of absolute right ro uid MORTGAGEE. ~nd without r~ftrent~_ to fhe
adequacy a i~adeqwcy-of the wlue oi the p~operty mortgaged or to the w~vency a insolvency of s~id MORiGAGOR p the defendan~, ~nd that ~uch
rents, proiits, incane, issues and revenues ahall be applied by tuch Receive~ sccordmg to tA~ lien w equity of iaid MORTGAGEE and the pr~ctiq oi ~ud~ ~
CouA. ~
8. To du1y, promptly and fully perform, ~scharge, execute, elfect, comptete, comply with and ab'~ by each a~d ~very tM stipulations, apreemenb,
conditions and covenan~s ir+ sa~d promiuory note and this mortgsge set fwth_
9. Thaf in the eveM thE ownership of ~he mortgsyed premius, or any part thereof, becomes vested in a perwn other tlun the MORTGAGOR, tl+~
M,ORTGAGEE, its successas and assigns, may, without norice to the MORTGAOR, deal with such successor or successor in inte~tst with ~eference fo this ~
matgage and the debt hereby secured in the same msnner ss w~~h Morrgagor wirhout in any way vitiatirg or d~scharginp the AAwt~pcus' liability h~r~-
t!:~ *:-r_~~; ::-•-:-d. No sate of ehe premises hereby mortyaged ~nd no forbear~nce on the pan of the MORiGAGEE or in successws
or ~ssigns and no e:tension of the time fw the paymeM of the debf hereby secured given by the MORTGAGEE o~ in sucttasors w au~yns, ~hall operat~ ~
ro releese, d~xMrye, modify cMoge a affect the wig;nal ti~b~lity of ~h~ MORTGAGUR herein, tither in whoM or h put. _
10. It is specifically aprecd that time is oi the essence of this contract and that no w~iwr of •ny obi~tion herwnder or-o1 the obli~afion s~- ~
cured hereby shall at ~ny time thueafter be held to be a waiver of the terms hereof or of the inst~ument secured herby. 4
11. In add:~ion ro the torcgo:ng month!Y payments of print"pal and inferest required by the prom~ssory no?e secured hereby, mortgagor covenants
and agrees to pay to mo-tgagee vvith each monthly payr~ent an add~rionsl sum est~mated by mwtgagee to be equal to 1/13 of the annual cost of the fd{ow- i
ing:
p-e11 ~ . : - --••d+ • - •h: s!
rve described real estate_
B-Premiums on fire and windstorm insurar.ce as herein requirtd to be tarried on the imptovancnts situate on the ~bove described premises.
C-Premiums on such murtgage guaranty insurar:ce as mortgagee shatl trom t~me to t~mr deem fit ro carry on the Ioan setured hereby.
Mortgagee shail, from t~me ro time notify mortgagor in writiny of thr amount due and payable hereunder ~nd ~uch sum shall thereupon be due ~nd
'I payable on 1he due date of tAe next momhly payment and each ~uccessive month the~e+fter ur.ti~ mortgagee sh~ll notify mortqagor of a thanpe in wch
~ amount. $uth sums shail be app:ied by mwtgagee toward tFu payment of real property taxes, ensurante prem:ums, and mottg~ye gwranty jnfuruKe
f premiums.
I IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set A~s hana and sea~ the day and ear first aforesaid.
( ~ Siyrxd. Seaks! and deliv ed in the pr _ of: ~y~~
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~ - fiLEO ~u+a ~fc0~QE0 n
~ ' =T.lt1C1E CO{lNTY flA. \ aq
~ ~ -t~~E~jn~~•---~ aOCfr PO11RAS
E CtEkK CIRCUtT COURT ~ ; ~
RiCbIlO VERtr~cp ~ '-~>t_~ dy; ~ c~i
~ SiATE Of FIORIDA . 3 8 PN
St . Lucie ~ ~ ~ ~ '
couNrr oF
Befae me perwnally appeared ~r9an M. Raulerson, Jr. ~ a cinyle adult
~ Bernice L., Baker, a single adult ~~to ~„e weu k~ow~ a~d k~w~„ ~o „~e ro b.
~ rne individuals dewibed in ~nd who executed tFrc fwe9any instrument, ~nd acknowledged befors me that they ~x~tvted the wme fw tF» p~?rposes ~
~ therein expressed.
XJi~]L~Cx7C]Glf~i
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X9C~f~R~lfl~101Q)0[}C )~[~OOIYJi0C1llt~)O!C
~ WITNES$ my h~nd and offic;al ual this 2r1d day of n A. D. 191~
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t j Notary Public in and fw the ate of ida ~t L~rp~
~ Retum To: My Comm~uion e:pires: f
~y ,~/~9
~ First Federal Savirya 3 loan Assuciat~o~ ,
~ Of Fori P~erce.
~ Fort Pierce, Flonda
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~ This Instrument Prepared By John W. Collins
~ First Federal Savings & loan Association ` ' "
of Fort Pierce ~ Flotida , .
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~ Checked By ~ . ' - '
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~ . , ~J~.?Z ' ~ • . . . • ' '
' `r~ 'f~ ~'~f~~f~~~~!r?<<~,~:•.
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