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3. To p!ace and conr:nro~sly+keep on !hr bu~ ~i~~.g? now or h~~reafter s~t~a~e oe ~a~J :encl and on a~t rq,y:~+.em and peno~s'~y covr~ed by th~s mo~~g• ~
•g!. with all piemwmf tAerron yad ut 1~11, }~re u:i„~en•e ~n the vawl ita,Jard yp'iCI IOrm, ~n • fum a{.~io~ed b/ Ihe MOR~Ir:~GEE. end w~ndiW~m
insurance i~ the veval a~and~~d ~o'.c~ 1wm, ~n a w~n a;.p~u.ed b~ ~he MORIGAGEE, in tuch ccmpa~~y or cw~~pan~es as ~he ht021GAGEE may
direc~J and all li~e and w~nJsfo~m inturance po~~c.r• a~ any of ti~~d b.:~;d:nyt. any ~nre~e~l ~here~n or psrl ~hr~eof, in ~he agqregaee ium •taesa~d a
in ~atetf Ihereof, 1ha11 tonta~n Ihe uav31 ita~~d~eJ r.~o•t~egee ciaufa or such o+hei tisuse as IFe Mortyagee mey requus, ma~ing ~he ioss undrr se~d po~i-
ciss, Nth and every, payab!e to sa~d htVRiGAGEE as ~~s mrer~~l mdy dNPCiI, and each and e~ery •~ch p-.~~cy thalt be pro~r.ptty aieflnrd s~d debvered ~o
•ny hetd by said MOR(GAGEE as {wiher srcurity to said mG'I.7a~! (~t01. Ar,d, not 'ess ~hen ren (10) diys i~ adva~~ce oi ~he expuanon ol eech po6cy, lo da ~
Gver lo said MaRiGAGtE a renea,al t6ercof, logtih~~ with • rece:N~ !o~ IhM- pre~r•wm o) wch ~cnrN,a~; and the~e shail Ge ~o (.ro or w:~~dstorm insurante "
p~xed on aoy oi sa~d bu~:d~ngs, any mtrrest lhrrr~n o~ part tl~rico(, u~~'~sa in ~he fo~m and wi~h ~he :ose payab!e as eforesa~d; and in the c+ent any sum
ol money beco~nes peyabie unJr~ a~ch Nolicy o~ po~,ucs s•+;d MORiGAGEE ~fiall Awr ~hr ope~on ro recc~YC ~~~d app;y the same on acco~nt o( ~he indettrd•
nets secured Acreb~ a ro penn~t sa~d /Jtt7RTGAGORS to recr~ve e~,d use it or nn~ .:~r N.~:.~of fo. c~~,..• ~.u~, :.s~•a. ...ri:.. r ~h u, cr ,•r;..,~-.
ing any equ~ry, Gen w righl under p by v~reue o~ th~~ mc-~gegr, and in fhe even? sa d MO.'tiGAGORS shall tor any reawn fa~l to keep the sa~d premisrf so
in3vr~d, d fail fo drlivcr pro~nplly any ol said ~wi~cies of ~nsurance to fe~d htiORT(',AGEE, o~ f~!: promptiy to pay fuily eny p~a~n~~m thrrtlor o~ in d~y
resped Fail to perlorm, d~scba~ge, eYewte, e~fec~, canp;e~r, con~ply wnh and ab~de by Ih~f coven,tnl, o~ any put hr~eof, se~d H~GRTvAGEE may p~ace a~~a
pay fo~ suth insu~ance ot any part thareo( w~tAout waiving pr a((ecting any opha~, lien, cqu+ty, or n~h~ ur.de~ u by v:rrue of thii Matgaye, and tht
full airwunt of each and e~ery s~ch payment ahell be ~mrnedietely du¢ and payab~e ae~d sha11 bear interest from ~}w datr thcreof until p<~d a~ the rate ol
nine por crnwm yer annv•n anJ fogriher v~nh such mtr:vst aho~i :~e s~~red hy 1he Sen of Ihls mortgage.
1. To permit, com~n~t or su((er no wasfe, impa~rrnrnt or dr:cr:oration of sa~d property w sny pert the~eof.
S. io pay all and s~ng~Iar the costs, c~arges and erfenus, ~nduding a~ease~wb!e attwney's fee and cosrs of abstracts o( title, incurred w pa~d a~
eny tirme by ~aid MORTGAGfE, becawe or in the evenl of ihe fa.fwe on fhe part of the sa~d MORiGAGOR ro duly, p~pmptly and (u+Iy perfwm, d~scharge.
rxecure, elfect, comp;ere, camp!y w.~h a~d ab.de by rath and every the stipv~ar.ons, agreeme~~s, cond~t~ons, •nd covenants of sa~d promiiwry note and th~s
mortgage any or e~rhe~, and sa d cosrs, charges and rap~•nses, eaih and every, ahall be immrd~atety dve and payab'.e; wherhrr or rwt there be no~~ce dr
mand, allempt To coliect o? wit pend~ng; end the 1~!! anwunt of each and e~ery such pavmrnt ihaii bea~ ~nr~rest Irom ~he date thereof until pald at ~he
ratr o~ ~:ine per cantum per en::,,:n; on~ el~ s~~J costs. ci~a:ges a:~d rx;:er~ses ~rxuncd or paid, ~oyather w,th such ~nre~est, shall be :ecured by the oen of th~~
mortgage.
' 6. That (a) in the event of any 6reach of th~s Mortgage o~ deiau:t on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
herein referred to be no~ pron,priy and fui~~ pa~d v.~~i~~n ~h,~ty ~3J) ders ne,~t ait•rr the sa~,r se~era:ty beco~ne due and payeble, witho~~ demand or nahce,
i or (c) in thr event each and every ~he stipu:ahons, agreements, cc-:d~+~o~~s a~d to+ma~+rs o! sad pr~misac.ry note a~~d th,s nr~~tgage any a e~~he~ are not
! ~uly, promptly and fully perFormed, d.schar~ed, ecet~tc~1, effected, compie!ed. tompc.ed w~th and a~~~ed ~y, then in e=ther w any such evem the sa:d ag
~ gregate aum mentioned in said prom~ssory no!e then ~emainin~ ~r.pa+d, w~th interest accrued, and aN mcneys aecured hereby, sha~l become due and pay-
~ able forthwith, or ther~aftcr, at the op!~oe cf sa~d 1J1021GAGfE, as (u~Iy a+,:~ cpnplUety a~ i! atl of ~hr se~d a~:ns of money w~re or,ginaily st~pu~ated
to be pa~d on such dty, anything in sa d p~o:n;ssory ncte or in fh~s ldortgage to the tonrrary nor,ti~rhstand~ng: and thereupoo or thereafter at the opt~on of
said MORTGAGEE, vvitb~~i4~nowce or clemand, su~t at law or in equ~ty, therefore or ~heeeaher beguo, ma~ Ce proxcoted as if all moneyi secured hereby
had matured p~~w ~o ~ts inst~su~:on.
7. Tha~ in tF+e event ~hat at ~he beginn~ng of or at any time pend~ng anv wn ~pon rh~s Mortgage, o~ to foreclose it, or to reform it, or to enforce
paymem of any tfeims he~eunder, sa~d MORTGAGFE sha:i apply to the Cc~.t hav~r.g ;;,•~sd•ct.en ther~,o} for the appo~ntmero of a Receive~, such Courf shail
iorthwith appo~m a recrt~~~ of aa~d mortgagrd propr~ty af~ and singutar, inciud.ng .,il and s~ngu~ar the ~r.come, profds, issuts and revenues from whatever
source derived, each and every of wh ch, ~t be~ng eapress'y ~ndersrocd, n hereby mort~aged ai ~4 spec.ficaify set fo~~h and dexribed in ~he gran?ing a~d
habendum ctavses hereof, and such Rece~ver sha~i have att the Lroad and rffect:ve funu.ons and pov~en :n anyw~se entrusted by a Court lo a Receiver, a~d
' s:~ch appdinrment sh~lt be made by sucn Co„n as an ad.~:ured equ~ty and a rrarre~ of absol~~N nght to said MORTGAGEE, ~ni1 without refere.~ce lo the -
adequacy or inadequac~ oi the vat~e of rhe p.operty morrgaged o~ to the se vency or ,nso;vency at sa~d MORfGAGOR o~ the defendants, and that such
renb, profits, income, isaves and ~evenues ~hali be appt~eci by wch Retrivtr acco+ci.~,y to the t~en or equ~t~ ot sa~d MORiGAGEE and tne pret~~ce oi such
Court.
~ 9. To duty, prompt~y and fu:~y pe~lo~m, dncharge, exec~~, eff.-~!, ~a„splete, cort,p:i w'rth and aL~de by each and every the stipulations; agreements,
{ conditions and covenants ~n sa:d prom~sso+y nose and th:s r.,orlyage srt forth.
i 9_ That in the e~e^e the cwnersh~p ol the rr.or!gag~d pre::~.ses, or a~~y part tneceoi, bc:omes vested in a pe~son athe~ thao the MORTGAGpR, the _
MORTGAGEE, its successo+s ar.d ass~gns, may, wrrho~t nc~:ce fo rne b!ORTGAOR. deat w~rh such successo? or w:cessor in i~terest w~~h reference to th~s
rror~gagt and the ~vbt hereby secvred m the same ma•~ner as with r~tortgagor withovt in aoy way vitialing or d:uharging fhe Mor.gagors" liaoiGty hcrt
cr.der a upon the debt hereby xc~~ed. No saie of ~he Frem:ses hereb~ mortga9ed and no forL,earance on the par~ of the /dOR1GAGEE or ita successors
or osvgns a~d no extension of tha tin:e fw the paymeni a~ the deb~ he.eb~ secured gtven by the SSORTGAGEE or its wccesaws or asigns, shall oplrate
~o reiease, daxha.ge, r~odify change or affect tFr_ ong~nal lieu.;;ty of the ~l.ORiGAGOR herein, e~ther in whole or in part.
10. It is spec~~ica!~y agr: ~d t~...t t;me is of rh.. rSSe: ~e o[ ~h~s contract and that no wa:ve~ oi any ob'iga~~on hereunde? or of the obligation se-
cur~J hereby shal~ at an~ time thereafte~ be he:d tc be a we~vrr of the terrns her~pt or of the instrument secur~ herby.
I1. In add t:c ~ ro the Fore3c n3 ~no~,•h'y ca~-.., nrs of ~r~::: , ai and ~nr.~...u rrqu..ed by tfie prom sscry no•e secu~ed hrreb~. mortgagor tovenants
and agr~~s to Nay ro e:orr3agee v.,:h rach r. c.nri. y pa~r ent an adu.;:y:a! w~~ as~ - ared b/ mortgagee to i~e eq~al to 1, i2 of the an~:uai cnst of the follorv-
ing:
A-All real property !ax-s iev~ed or asses+;d ,g~;•~sr r:,_ aF;ove drscr~bed real ~stn`e.
B-Premi~~ns on fire ~nd ~.~r.dsw~~» ~nsva•-cr as ne.e n requ.red to be ca«~rd on ~Mr :r, prQVe~r.e~ts s~tuate on the above dsx.~bed premises.
C-Prem~,;~ s o~ s~ch r*o~t~-~e gua~ar:ty ~r.su~ar ce es mo•tgagee sha~t 'rc^ r r.~e ro ~.~~e derm fit to carry on the loan secu:ed hereby.
Mortgagee s~+sii f•cm t~me to t,~.e no~~f, mC~tya_~G! n~v..t.r:g of the a^ o~~t d,,^ and payabte he~eundrr and suth s~T+ shall thereupon be due and
G.ayable on the due oa!e of ihe next ^~o~th:; pay~r.c•nt aRd eech s~ccess~ve mor.th thereaher ~ntil mwtgagee shnll notify mo•tgagor of a change in sach
a^.ovnt. $~ch s~ms sFa.i be appi,~d by rnongaj•_r ror.ard the payn-eM of rea~ prcpert~ :azes, inwra~ce prem.oms, a+~d mortgage guaranty insurance
p'emiumS.
IN Y11TNE55 VdHEREOf, tke sa~d h'.GR7~;,t,;,,N hai hereu~ro set h:s h~r.d and seai the day and yea~ fint afaesa~d.
Signed, Seated and del~vered in the p•ese~ce o4: ~ ~
~ ~ ' . t . ~ ~ UI i L~'..an~cK. ,~i, ~ -(Se )
- ~t~_ , ':y . %L J al
_ . ~ Richard L. Bourette _ ~~i~
r G C.: R? ~{~?a~ ~ -~1.R.c_~.
o.+. cs~ai~
C~ - - ~ ~L~ ? . . : ~ . _ ~i.~rrair~e S . 3oure~;~ ~ ~ s~.~
, ; ' l
SiATE OF FLORIOA ~ ~~M r5 9 3a aH ~T1 _~~h~, i~•. '~r
COUNIY OF St• LZ1C1B ~ _ • ~ `~t- " _
Before me personally appeared C~': rti L_ FSQ',~~ - -
Lorraine ~,~o_,u~e± t~ his w~fe, to me yei~ kAown awtl ~~vn~o rre tp bs
rhe individuals described in and who executed ~he forego~ng instrumem, and acknowledgea before me that they eiOc~ijAd•1~e sart~e the ~`urposes
rhere~n expressed. And the sa~d_ L9^: ~Il@ ~ ~~urette ' ~
r ~ •
wife of the said _---_-~1Cr :a d L• ~nUZ'o~~g_ y~ j(~~h~~yj~ate and priv~te
examinar~on by me taken sepa+ate and apart (rnm her sa~d husband, acRrawiedged to and belo.e me that she execused sa~d instrument freely and vo~urt-
tar~ly and w~lhout anK-compv~sion, constraint, appre ns,~ or fear of or from her said husband.
WITNESS my hand and off;c~e! seal thfs_ _ day or_ Januar~ A. D_ 19_~Z
~ a~ . ;
otary Pubt~c ~ and for the State of Florida at Large
- - - - _ _ My Co " - e:p;res: _ _
Return io: ~E ~ ~ ~
First Federat $av~ngs d. Loan Assx~at:on r~,
of Fo,r P`.~P. ~ res ArW. 30. 19~~ b
; {,;mR±ssr_n f=p~ .
Fo.r P~erce. Fior,dn "i..•...••_.••. /w e
_ _ ~Gd ~'a"w
This Instrument Prepared By Ca^ol B. :i~~771s
First Federal Savings 8 Loan Association
of Fo:t Pierce, ~or-l~a
Checked By -
ao~K ~3 Pr~E ~
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