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To pl~c~ and con~inuou~Iy ketp on iM bv~~d~nq~ now a R~r~alta titwh on u~d I~nd ~nd on all equ~pm~n~ ~nd p~~wnally cowr~d by ~hi~ moep~
+p~, with ~11 p~mium~ th«eon pa~d ~n full, fire ~mwance u+ ih~ u~wi ~und~rd policy la~n, in + twn appror~d by tM MORfGAGEE, ~nd winduam
in~w~nc~ in ~M ~suN u~ndud pol~cy fam, In a~um appro:~d by ~M NIORTGAGEE. (n wch company w compsni~t a~ th~ MO~TGAGfE may
dLKtj ~r~d all !b~ and wind~ram Ini~ranca policiM on ~ny o( wid E~ild~nps, ~ny inNr~~t ~Irr~k? w put th~rwf, ~h~ pprep•r~ wn? afae+~l! w
In ~xc~ thawf, shall contain d» uwd uaodard mat~pk cl~us~ a tuch o~ha cl~,n~ tM Nlaty~N may reqv~~~. m~kiop loss undN a~d po1i~
ciN. ~~cl~ and ~v~rY. Mr+b+~ w sa~d MORIGAGEE ~ts inte~ai may ~pp~a~. ~nd eacA and ~v~ry ~vch policy ~hall b~ p~omptly ~s~ 9ned ~nd d~tiv~red ~o
•ny MW by u~d MOatG~GEE a~ fu.~he• iecur~?y w faid mo.~pa~e debt, .~d, no~ t~u ~h.n ~•o (101 d•ys ln •dwnc. oI ~h. eap~r•non oi fKI1 POIKy, ro d.~
IivN to Nid MOqTGAGEE •~~newal tMr~of, Iope~hN wifh ~ ret~ipl iw ~h~ pnmivm o1 s~ch r~rwwal; ~nd ~her~ ahatl b~ ra o. wfndi~orn? Inswanc~
plat~d o~ ~ny ol ~aid buiM~. ~ny inte~e~l tl?a~in a p~rt tMrwf, unleu i~ N,~ fan+ ~~d wi~h ~M bu pay.d• .t«•w~d, •~+d ~M ~wnt ~ery~ wrn ~
of monsy b~torne~ p,ayabl~ undN wch policy p pol;clN a~;d MpRTGAGEE slull tuw ~!r opt~on ~o rece~w ~nd ~pply ~he ~am~ on ~ccoun~ of ~M tnd~bred~ t J
n~u Hc~~~d Mr~by w q permit said MORTGAGORS ~o receiw and v~ 1/ p any pe~t thereof la o~i+cr purE.ose~, w~~ho~t thercb~ w~i~i~~y w~mpair-
~'+p ~^Y ~qu~hr. I~~n a riqhl w~d~. w by vi~~w of rha mo::yap~: and ir ~M ~v~m s~~d MORiGAGpRS ~Aall fa any r~awn i~t) to kkp ~M said p~~mise~ w
1ns~red, o~ f~il fo deliv~r promptly ~ny o~ uid policie~ ot iniwanc~ ro said AAORTCsAGfE. or. (ail promptly to pay fu!!y 1ny pte~nivm therefo~ or In ~ny
r~sp~ct lail 1o pNfwm, discMrge. ~;KVt~. ~ffect, compt~ts, tomply with ~nd ~bid~ by this cov~nanf, a N+y p~~l hs~eof. s+id MORiGAGEE may pIK~ ~nd
p+y (a such Uqvaance or ~oy p~rt ~hereof witAout waivirp w alf~ctirq any op~ion. li~n. puity. p ri~h~ unda o~ by viriw ol this Atiarpp~, ~nd tAt
fuN amovnt of ~ach ~nd ~wry ~„ch p~ym~nt sh~11 be ;mm~dia~ely dw ~nd p~yabls ~nd ~MII b~~r intere~~ from ~h~ dat~ ~Mrwi u~til paW u IM .~h ol
niM pf/ CM~VT PM a1~MlT irld tpgltlllt WifA such imerest ~hall be ~ecured by tM li~n of this morlpp~. , ,
1. To permi~, commit w sufler ~o wa~t~, fmpairment « deterioratia+ of Mifl pfOp~Ify p My p~ft tMfOOt. ~ J
S. To pay ~tl ~nd sinpulu th~ cosa, charqn u~d expense~, u+cludinp a ~e~ionabl~ anorney i fN and cosh of ~bstr~ct~ of titl~. lncvrr~d or paid at ~
any ~i,n~ by sa;d AApgl(`,pGfE, bec~ua a~n ~A~ er~m of ~M ia~lur~ on tM part of ~M sacd MORTGAGOR ~o duly, promp~ly and fvlly ps.iwm, d~schwp~.
•xaut~, ~ffed, cpnple~~. camply w~th ~nd ab;de by each and ~very ~M s~iputatwes, preemenn, condition~, ~od covenams o( said pom7uory noq ~~d thi~
n+atqa~ any o~ ai~l?N. and ~a~d cosn, cMrqes ~nd expenses, each ae~d w~ry. ~hal1 b~ knmedut~ly dw ~nd pay~bleJ whether a not ~her~ be not~ce df
mand, ~ttempt to colltct or tuit ptnd~nqr and th~ iuH amovnt of e~th ~nd ewry such paymtnt ~MII bear ieterK~ trom ~M d~t~ therwf until paid at th~
ra~e oi nine per cen~um per sn,wm; snd all ~id cos~s, cMrqes ~nd eapenses (ncwrad or paid, topetM~ wdh wth inttnsf, thall be ttcured by tM li~n of th;s
mwtpap~.
6. lhat in th~ ~wnt oi any breach of Ihis Matqay~ a de(avlt on tM pan o( ~ha MORTGAGOR,- p(b) in tFK ~vent u+y of u~d wms o1 rtqrwy
hereir~ nfe~~~d to b~ not promptly ~nd fuUy pa;d w~~hin N+;r~y (30) days next ~fter the sam~ sew~~tty becorr~e dw ~nd p~yabi~. wlthout dem~nd a noric~.
a!d ~n the event e~ch u~d ~wry IM stipv~~tions, syreem~np, caxJ~?iau snd cover?~n~s of ss:d prom;sswy no« a~d th:~ mor~pape ~y a eitl~ ar~ not
~uly. prompd~ •nd tully p~rfwmed. d~uMr9ed, ex~cvted. ~Ifeued. compl~ted. compl~ed wiih and ~bbded by, thtn in eitMr o~ ~ny tuch went th~ sud ~g
qregat~ wm mentioned in iaid prom~s~ory noa then r~ininy unpaid, with intaeit ~ccrued, and a71 money} secvred Mr~by, ~MII becwrw du~ ~nd p~y.
eble (orthwith, w tF~ertafter, ~t th~ opt;on of ~sid MORiGAGEE, as f~tly ard completely ~s if •II oi fhe said sw~ns ol mo~~y we~e orp~n~lly st~pula~ed
ro be paid on ~uch day, anythiny in sa~d promitsory note or in thia Mort9s~e to ~hs comrary no~wirhstanding: snd rhereupon or therrafrK •t rh~ _ope:on ot
ssid MORiGAGEE, without notic~ or dtmand, suit at law or in pvity, ther~(ore or thereaf~er be~un, may be prosetuted a~ if ~II nwney~ sstured Mr~by
~10~ TittMld QfWf lo iri InStifytipll, ~
7. TM? in tFw wenf tha~ at the begi~~ing of or at :ny time pe~dirg any wit ~pon thi~ Mortgage, or to fo~~tlos~ it, q to refwn? it, a to en(orn
wY~nt ot ~ny claima heaeundcs, sa~d MORTGAGFE sFNll ipply ro ~he Cw.~ M~l.,g wr~sdK~~on ~F~ereof to. ~he appo;n~men~ of a Receiver, such Court ~hsll
Fathwith appoint a receiver of said mortpayed propertY all ~nd sinpvl~r, includ~ng all and si~pulK tF+~ incom~. profifs, isswa u+d revenws Irom wMfwer
sourc~ deriwd, each ~nd evcry of whKl~. it beirp ~xpre~sly understood, is hereby morrgaged at it apec~fiulPy set fath and described in the Qr~ntir?y and -
heba~dum davset hereof, uid such Reteiver sAall Mve atl the b.oad and efi~ative funcrwns and powe~s i~ anyw~~e entrusud by ~ Carrt ro• R~ceiver, and
s~ch +ppointmenl ~h~Il be made by tuch Court as an adm~ncd e4uity ~nd a matter of absolute ngh~ to ta~d MORTGAGEE, ~nd w~rhout reterenc~ ro Hu
adequacy a in~deqv~cy o} rM valve of fhe prapn~y rnwty~ged or to rhe so~vency a inao~vency oi iaid MORiGAGOR a Ihe defendantt. +nd tMt such
renn, profin, incom~, issues ~nd revenuss sM11 be applrod by such Receiver accord~np to the lien or equity of said MORTGAGEE ~nd th~ prxtiu of such
Caxt.
8. io duly, P.o~r?r .~d s~y P..Eo..?R, dnc?,~.ye. execute. tffect, complete, tomply weth ~nd abide by each ~nd every tM stipulations, ~greemeori,
conditam and covenanri in said promissory note and th~s mwtgafl,e set fath.
9. That in tM eveM tM ownership of the mo~rgaped premises. a sny part thcreof, bccomes vested in a perso~ other than the MORTGAGOR, tl»
MORTGAGEE, in successon ~nd ~uigns, may, without rtorice to Nw AWRTGAQR, dcat wirh iuch succeswr a wuesso? in interest w~~h refern+ce to this
mwt9age and the debt hereby secured in N+e sam~ manner n wBh lutorryayo. without in ~ny way vitw~inp o~ discharyiny the Mwt9aqw~' liabit~ty her~-
u~der or upon the debr hereby sec~.ed. No sale oi the pr~m~us hereby mortgs~ad ~nd no (orbearance on ~liM p~rt ol tM MORTGAGEE or in succesaon
~a• .nd no exanLOe? of rhe ~ime fw rh~ wymem of t1+~ deb~ her~bv secured p'rven by the µpRTCsqGEE w iq suueswn or asi~yro, ahall operat~
ro rclease, dxhar~e. rnodify chanye o~ ~Hetl tt» o~ig~nal tiab~lity of ~he MQR~GAGOR herein, tith~r in whole a in psrt.
10. It is specificatly e~reed that time ii of tM cuence of ~his contracr and thaf no waiver of ~ny obl;g~tion herwnder a of ih~ oblipation se-
cvred ht~eby shap at any time t}~acafter b~ held fo be i w~irer oi ths terms hereof a of ths instrumeM ~ecured herby.
11. In add:tion to tAe foreyo:ng monthSy paymemt of p~inCp~l ~~d jnteres+ required by the prom;sso~y nore scc~red hereby, mort9syor covenants
and agre~s to pay M mortgagee with eath monthly payment an sdd;rional sum est~ma~ed by morfgapee to b~ equ~l to 1 112 of the annua) eosl of the follow-
'ng:
A-Afl reaf piope?ty taaes ltyied a nssssed spainst the above dsstribed real e~tate.
d-Prem~ums on iire ~nd windstorm ~nsvrance as hereiw requ;red to be tar~iet! on the imptovamenh titwtt on the above described premites.
C-Premivms on suSh mortgage 9wranty insu~u.u as mongagee sha{I from t~me to time dcem fit to carry on tM Iwn secured tweby.
N{wtg+gee shall from time to time norify mortgagor in wr;t;r~ of rhe amount due a~d payable hereunder and such sum ~hall the~euppn be dve ~nd
payable on ths due d~te of the ne:t rtwnthly payment and ~xh successive rrsonth thereaher ur,til mo?tgsgce sha!! notify mortgsgw'of a chsnpe in wth
amount. $ucF? sums shall be applied by mwtgagee toward the payment of real prope~ty taaes, insvrance prem:um~, end mwtyage yw?anty insunnce
premiumf.
11y1TNES5 WHEREOF, the said MORTGAGOR has hereunto ~et F?is hand and se~l the day and year first ~fotesai~.
ed ~the p~csertce of: ,
~ ~ .
! /Kl~~~ 'o ~(,5ea~
~ ~ illiam Frendreiss ~
~
Barbara Frendreiss
...•,~.~~.:a.,..,
SiATE OF FIORIDA ~ ; , ,
SS. : ~ ie . ~ '
~
St. Iucie
couNn oF : ' , - }s.; -
e~r«. iiy -1il.liam Frendreiss ;
F f. _
~a~ara ~ren~re ss . . . 4 ~ _ .
h~. w~r~. ~o ~ ,~n lo~.~:.+~¢ ~ ~ b a .
the indeviduats deuiibed in and who executed tM foreyoirg instrurrwnt. ~nd ~cknowledped b~fwe rne tMt tiky ~x~cure~ t1l~' •
rhereie ~xprts~sd. Md th~ sa' 'r ~ ~ f!» _ _ -
r ¦+y,~r ~ -
W~r. ~ r~. ,.~a Wi21i a_+~ ~ne ndrs i s a
ex~minatwn b me taken ~e pa ~~a~
Y puate and a n from her ~id hvsb~nd, acknowlsdped to ~nd befon mt that she executed said inafryntispVfro~lr.and~ipkrn~~
urily and withovt ~ny compvtsion, co~nTrsint, appreF~ens; or fea of a from l~er aid husband. ~ . ,.a:
WRNESS my hand a+id officei! ssa! thia d~y o{_ D8C@UR~6T ~~y~'~_ s
~Nl.t~ `T ~.~`T~nt t ~ ~
No ry PubIK in ~nd iw t Statt of flarida ~t luy~
My Commission t~pires:
Retu~n Ta. S- ~z - 7~
fint feda~i $avkgs i loan Association
Of forl P~erce.
For~ Pierte. Flaida
~L/~~~/~A~VO
This Instrument Prepared 8y CaPOl B. Burns
First Federai Savings b toan Association
of Fort Pierce~ F2orid8 f1LEC AND HECOBOEO '
fT.IUC~E COUNTr ftA. ~
Checked By ~ * ~ p4GEn ?OItR~S
~ f~ CIEPK Cs~CUtT CQURT
AfCO~f, YERiftEa
. , t- . OEC I~ 3 ws PM'76
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