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J. To plac• ~nd conrimwusly kNp on ~M buiid~nps now or htr~aftK wtv~l~ or s~id Iwd ~nd on ~il puip~ewnt ~nd p~rwn~tly covr~d by ~his rnwtp-
p•. wiih ~II p~m~um~ ~h.~~on pa~d ~n full, f~n inwronc~ in ~h~ uswl ~~ud..d po?Kr fwm, in a~um ~pp~ov~d by ~h~ MORfGAGEE. a~d w~ndi~am ~
inw~~nu in tM wwl ~~~ndard pol~cy (wm, in •~wn apprw~d by tM MORiGAGEE, in wcA company w canpamts M ~M MOitTGAGEE may
d~~~cry and aU iM~ u?d w:niha~n, inwra,~a po~iuh on ~ny ot ~aid b~1W~np*, ~ny kaaN~ ~hN~in w pM~ ~M~eol, in ~M pq~p~~~ ~wn ~ta~a~d a
in ~xc~ tl~wl, ~Aall conain ~M vswl uandud maqpN d~ a fuch whw cbw~ ti» Mo~~~ enay ~p~a~, makinp tM ~ws wrlM sa~d polr
ci~s. ~+ch u+d ~wry. WYabl~ w ~aid /NORIGAGEE u u~ imer~~t nwy ~ppw. ~nd Nch and ~vKY ~ucA po~~sy ch~fl b~ p~omp~ly u~p~wd ~nd d~tiwr~d ro
•n~ MW by Nid MpRTGAGEE ~f 1w~hw acwity ro wfd mor~ya~ d~W. a~d, na I.a ~l,w+ wn t~0) days ir~ ad~a~c. ol ~M .=p+r.+wn oi Nch po~Ky. ro dr ~ i
liv~r lo wld MpRTGAGEE • r~n~wal th~~wf, Iop~~AN with a nc~ip~ for ~M pNn?wn of wch ren~walj w+d ther~ ~hi~l b~ no Ic~~ o. windiram inwr~nc~
pl~c~d cn ~ny of f~id puildinpf, My INttqt ther~i~ w pu~ tl~~ot, unl~u 1n tM lonn ~nd wifh tM 1ws p~y~bN as afa~sa~ds Md M ~M •vent sny sum _ -
of ~rwn~y b~cpnp payabl~ unde~ wc1? po~icy or polK{N wd MpRTGAGEE ~hall h~w ri» option b fKfiv~ ~nd apryly tM w?~ on ~ccount of ~M ind~bred~ t
n~s~ s~cw~d M~~by w~o pNmit s~id MORTGAGORS to Muiv~ ~nd uN it p any parf Ihe~eof Iw otner purposei. w~~hout ~hn.eb~ waivi,v~ o~ ~m,~~r. ,
~nq any pu~ry, litn p rpht w?dN ot by virtw of Ihis mortpap~~ ~nd in tM ~wnt Nid MORTGAGORS s1+sQ (w ~ny re~son 1ai1 to keep tM uid p~emiies w • ~
~n~ured. p}~il ro delive~ prompUy ~ny of aaid polKi~s ot ir?sv~~nu b~aid MORTGAGEE. w fail promptly to pa~ fully any prN„~um tt+crefw a in a~y !
r~spect fall b p~rfo~en, dixMr~, ex~cvt~, efi~ct, canpt~t~. comply wi~h and ~bid~ by ~h~s cove~an~, a~ny pa.t h~~wi, sa~d MORIGAGEE may pt~ce ~nd ' i
pay (or ~uch iniw~nc~ a~ny part 1Mrwf withovt waivinp or aff~ctinp Nty optipy lia?, puity. w ripM undN a by virtw ot ~his Mo.epa~, ai+d ~hs f
}utl amo~nt of ~ach and tv~ryr such p~ymM~ ihall b~ imm~dia/dy dw ~nd payabb uw! thsll bear inr~.e~t }~om th~ date ~hereot until pa~d at tM rat~ ol
p r o
mne pN c~nrum p~r anrwm and to~ther w~th ~uch i~rae~~ ~hall b~ Ncursd by fhe li~n o( thu mor~pay~. -
4. To pami~, commit a wffM no wqM. ilnpiWmfM Of ditNiOt~tiOn O/ Mid p~OpNty Of My pirt tl~Or~pf. i
S. To pay all u~d sirqul~r ~h~ cosn. cMrpK ai+d ~xp~ns~s, includiep a nasonabb anweey's fe~ snd coats ot sbstr~cts of ~irt~. incurred w pa~d ~e ~
~ny tims by N~ MORTGAGEE. bKaYi~ 01 111 tFr ~wn~ of the 1~il~r~ on ~M put of tM s~W MORTGAGOR w dvly. promprly ~nd (u~ly pe~tan~, d~sch+r~. ~
execut~. ~Hect, compt~N. comply w~th ar+d ab:d~ by ~ach ~nd wNy th~ atiputat~ona, a~~e~wnts, op~ditions, ~nd cown~nn of s~id promiuory note ~nd ~hq
r„o.t~p~ ~ny w ama. •nd a~td cosn. charpss ~nd ~apenxi. ~ach ~nd we~y. ~Iwll b~ imm~dueefy dw and pay+bk: whe~Fw w not ~here be norK~ dr
mend, ammpi to cdlect a~uit p~ndinpp ~nd tM fvlt ~mount of ~ach ~nd wKy wch paym~nt shall bea. interep from ~M d~ft tMraof uniil p~id ~t the
r~re oh ~;n~ pe~ centum per an~wm; and all a~id co~q, cha~pes and txpe~e~ incwr~d or paid. tope~her w~fh such interpt. ~halt b~ wcur~d by tl+~ lien of thd
mortyay~.
6. That in t1» evtm of ~ny br~~ch of thi~ Matya~ p d~favlt m tM put of ~M MORTGAGOR, w(b) in tl+~ ewnf u~y of s~:d wrns of money
hcroin r~f~rred to b~ no~_ p~ompdy and lully paid within th:rty t3p) d~y~ n•a~ af~e. ~M ~a~ne sevaai~y becoms dw •~d payabk. w~~hou~ demand a notice,
or (c) in ~M ~wre each ~++d every ~Fw ~Np~latiora, apr~emsnts, cond~tions end covrnanp o! sa~d promissory not~ and th~s mwtyape any or a~he~ an ea
iuly. p.omprly ~nd (u11Y ps~fpm~d, d~xhu9ed. ~aecv~ed. ~if~cted. canpl~t~d. complied wifh ~nd abided ~iy, tMn in ~ifher or ~ny such svem tM s~~d ag
pre~qat~ wm me~~ioned in s~id promissory no1~ tha? ~wTMininp w~id, with inten~t ~cuv~d, w+d atl mw~eya aecured hersby. sh~ll becom~ dw and pay-
eb:e (wthwith, O! tI~lfN~fN, al ~M op~ion of said MORTGAGEE, ai fully ard comptetety ai if all of the said wms oi moeky were a~p~natly sr~pulafed
ro be pa~d on fuch day. anythirq in sa~d prom7ssory rate a in this Mortqa9e to tM conu~ry notwitMHnd~ng; and ~hereupon or thereafler at ehe op~ion of
se~d MORTGAGEE, withovt „orice w dem~nd, wit at law a in puity, thereiae a ~MreaftN besw~, may be prosecuted as if all moneys wcwsd hereby '
had marwed pra~ lo ~a institurion.
7. TM~ in tM went that at the beginn~rg oi a it a~y tim~ ps~dinp any wit ~pon this Mwtysg~, w ro forecbse it, a fo refw~w i~, a to enforu
peymeM o) ~ny daims ht~euoder, ~id MORTGAGEE shall apply to tht Court havinq jwisdKtiw~ ~hereol (w the ~ppo~mmeN of ~ Receiver, wch Cow1 shall
forthwith appoint • receiva_oT said mwt9+~~ P?~Y ~~d +inpu~+~. 1~dvdu+p a~~ and sinyvlar tAe income, prol~ts, issws and revenuea from whatever
wvrc~ derived. ~ach and ~very of whkh, it b~inp ~apressly ~ndtr:tood, ia Mreby mwrgaged ~s i( spec,fically set fo.fh ~nd dewibed in tFr pran~ioy ~nd
haber,duen cl~u~ Irreo(, ~nd such Rec~ivN shall have a~1 tM b.o+d and effectiv~ fur~ctwns and pow~rs in aMrw~se e.+tr~sted by ~ Cou.t to ~ Recei~er. and
•uch appointment shatl be made by wth Court a~ ~n ~dmitted epuity and ~ mauer of ~bsotute ri9ht ro s~id N?ORTGAGEE, and without r~ference to ths
adequxy w~~ad~wcy oi rh. viue of rhe wope.ry mw~y~.d « ro eh. soNency o. ;rnolvarKy of w~d NWRTGAGOR or the defendants, and ~hat s„ch
renr:, profits, incane, wsu~s a~d rsveows ~hatl b~ appli~d by ~uch Reuiwr accwd~np ~o tht lien or puity of said JNORTGAGEE ~nd the pracrice oi s~ch ;
Court. ~
B. To duty. prompt;~ ~nd fvlly p~rfpm, diuM.p~. sxea,t~. efiect, oompkte. comply wnh a~d ~bide by each and every tl+e stipuiations, ag~eaments. ~
cond~fans and covsnanra in sax! promissay no~~ a~d this mortyape set fath.
9. TMt in ~h~ ~vem ~M ownenhip ol /M mort9~ged premiaea. w a~ryr paH thereof, becornes vested in ~ pcrson other than tfie MORTGAGOR. tM
MORtGAGEE, its iuccessws ~~d sss:yns, may, without notice to the lV1ORTGAOR, deal w~th sucA wcce»o~ w successw i~ interest with refe+ence to thi~
~o~tyayt ~nd the debt hcreby aecured in tM same manner as wiih Mwtgapw w~tla~t in any way vit~atinq w d~scharg~ng the Monysgors' liability hera
~~~der « upon ehe debt hereby seturcd. No u!e of tM Fvem;~es hereby mortyayed ~nd no fabesranu on the pan of the MORiGAGEE a i» succesaon
o. es~~gns and no eate~s:or+ of the nme iw IM paymem of the debt hereby secured piven by the MORTGAGEE or its successas or au~gns, .Frll operat~
ro re!ea?~, d~uMrp~, ~notiify chanpe or affetl th~ original liability of the MORTGAGOR Ixrein, tither in whoie d in part.
10. It is spec,fuliy ay.eed that time is of the eu~nce of this contrxt ~nd that no waiver oi any oblgat~on herew~der a of th~ obliyation se- ~
cvred F.e~tby sh~lf at ~e~y tirtte Ihe~Nft~r be heid ~o be a w~iver of the t~ms hereof a of the initrume~t aecured he.by.
I1. In add.t:a~ to Me faego'ng monthfY payments of princ'pal and inte~esf reqvi~ed by rhe prpm;sso~y note secwed heteby. mortgago. covenanrs
e^d ay~re~ to pay io mortsagee wHh lKI1 R10f1?FIIy ~~I?AtI11 M ~dd~rional s~m esuma~ed by mor?ypee to b~ eqw~ to 1/12 of the annua! cost of the follow-
n~
A-A~t real p.operty taaes kv~ed a asssssed a9ai~st the above described real estate. -
B--Frem~ums on iire and windstorm inwrance as herein requ:red to be unied on the ;mprovlments aifvate on the above dexribed premises. F
l C-Prcm;u~.+s o~ suci+ ma~gage gwr~nty ~nwr~..ce as ma~9agee shall from t me +o t~me deem fit ro urry on the ban secured hereby.
Mwt9~gee shs!1 from ~~me /o time riotify mortgayor i~ w~itinp oi the amount due and payable Iweunder ~nd such sum shall the.cupon be due and
;;:ab:e on th~ due da?e of ~Fw ~xf. ~.w„r?~iy a~.,,, ud each auccessiw month therc~fter uniit mortg~gee shaH oot~fy moriyaga of a change in wch
' c„~t. Sych'sums shai? be •ppl~ed by mortga9ee towa~d the p~ym~nt of real poperty taxes, insur~nce prem;ums, and mortgaye gwrarity insuiance ~
I .:~e^=iums.
~ IN WITNESS YJHEREOF, the wid MORTGAGOR Ms hertuMO tit his hand and feal the d~y snd yeu fint ataesaid_
; S~pneA, S~ald u+d ddivered in the pres~na of: t 1
t ~ 1
~ _ ~+q
a,~wr~ ~ b tr.
F y~uat
~ 4~ Ctf q`,Ca~~ ale E. mith
. . AN ~ . ~ ~-•n ~
t STATE Of FtORIDA M ~S a 53 .
~ c:.~>~Tr oF St_ lalcie He~ _ i
~ sob x. s~tt? 352455 _ ~ o r . :
} o = ~
~ Before me perwna3ly appeared ~ y ~ }
Gale E. Smi - a
hw w~r~, ro ~ w~i~ i~ a~ i~ ~e ~ i~ Dc ~ }
~ rr.e ir+d~vidwls dex.~bed in and who ~xecuted tM forepoinp insnum~nL,a~d ~~before m~ tMt they execui~tRe l~fp? tF~ p~pos~ ~
li 16 i .r ~.s
~ rhere+n atpress~d. And tFN N'
~ ..~:fe of the taid ' . ~~q-~ ~ ~~,r* ~ :
9
E eaa~n;nat~on by me tak~~ sepa~ate and apart irom her said husband. ~dcnpM,{ed~ed to ~nd befor~ rr~e tMt she eaecuted asid iro(rrmerit Yrleiy~~ ~fum ~
t +a•~;y and w~thout ~~y compulsion, conitr~int, appr~~ a f~ar of a fram h~r id Fwab~nd. .;:;s.~t~~ '
~ WITNESS my hsnd ~nd official seal this d~y of a a)9~~
~ '
Notary Public in and tw t Stste of id~ ~t Lu~e ~
My Commission s:pirp:
Retvrn To: ~~n., , ~
~?'G .C. .~i:2}' _:.t
Ffnt Fede.,~ s,vi„y. a lo.n Assoc7.rw~, .+.N af !rCe ~
O( Port P~erce. ' ~ }
e, ~~...~.a t3. iyS~
Fon P~erce. Florids a~a.rr~ O
j
This Instrument Prepared By g, G. Poindexter
~ F~rst Federal Savings 3 Loan Association
of Fort Pierce
~ Fort- Pierce, Florida 33450 ~i c~+~ ~e~e~ ;
, i':~ ~UV PAGE ~e~ . ~
i ~hnCkEC~ By ~ { ~
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