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9. To plaa ~nd conN~wous~y kesp on the bulldirps now c~ hare~ftei ~ltwto on ~~td I`nd ~nd an ~II equlpmenl ~~d psnon~lly cowted by Ihb mori~ ~
pa, wllh all prsmium~ ihereon p~id tn full, ((ra insu~artce In 1h~ utual tt+~+d~rd policy io~m, In ~ ~um approv~d by tM MORTGAGEE, ano winditorm ,
kuv~ana In.tM u~wl ~tendud policy torm., In a wm approved by tha MORTOAGEE, (n ~uc~ tompeny or compantai as ~h~ MORTGAGEE may ;
dlrad~ a~x) all fire •n~ v,ir~ditorm Inturanto politie~ on any of »Id bulldin~s, any Intere~t thereln or part Iho?eof, ln the aQqueg~te wm ~tora~W a
!n ~xu~t Ih~roof, ~h~ll cont+in tha usv+l ~~andard mortgAgea <lause o~ such other tlau~e e~ the Mat9aflea may ~equirs, makin9 the losc under ~aid po1M
tlar, aach ~nd avt~y, pay~bl~ to aid MORiGAGfE ii~ inleraf may eppa+r, and e~ch and every svch policy sha11 be promptly •iti:gned and delivered to
~ny held by ~atd MORTGAGEE a~ further seturlty to ~ald marlgage debt, •nd, not leu than ten (10) dayt In edvantt of ~he ex~irotton of each policy, to da t~
iivrr io utd MORTGAGEE e re~awal Ihereof, to9ether wlth a receipt for the premium of wch rena,rval~ and thore ~hall be r+o fire or wlndetorm insurance
pl~tad u~ any of •+id buildinp~, +ny Intere~t theroin or psrl thereof, unlesi in 1he form end wiih Iha lo~~ pay~bla a• afort~aid~ end ~n ihe evanl any ~um
of monsy lwcomes p~yabte under such pollcy or paliciei sald MORTGAGEE shall h~ve Ihe optio~ to receive and apply the ~sme on acco~nt of Ihe indebted•
neu secv~ad hereby or io parmit said MORTGAGflRS to rctaive and usa tt or any part thereof !or o~her pu~poses, withaut ~hareb~ waiving or in,pair-
inq any tqulip, Iim a right under or by virtue of Ihi• morig~gaJ end in ihe event tiid MORTGAGORS thall (a sny reacon fail to keep the t~id promiee~ so
Intured, or fell io daliver promptly ~~y of •aid policte~ of Iniurance to s~td MORTGAGEE, or lail promptly lo pay fv11y any premium therefor or In any
re~pect faii ta perform, discharge, exec~to, ef(eci, complate, comply with end abide by thit covaoanl, or any part hareof, aaid MORTGAGEE may placa and
pay ta ivch insurerxe or eny part thereof without waiving or a(fecting any optio~, Ilen, equity, or right under or by virlue ot tl~i~ Mortgape, and tM
full ~mount of eech ~nd evary wth payment•ihall be immediately due end psyable and thsll bcar I~te~esl irom tha date thereai until pald at the rots ot
ni~e per centum per ann~m and togelhar with iuch (ntereil shall be securcd by ihe lien of thit mortgage.
4. To p~rmit, commit or wffer no warte, Impairment or dete~ioration of ~aid property or any psri thereof.
' S. To pay al) and itnpule? the cosl~, charget and expe~tet, inciudin~ a reasonable aitwney'i (ee and tost• of ebttratlt of title, Inturted or patd e1
~ any 11me by taid MORiGAGEE, b~cause or In the event of the failure on tM pa~t of the ~eld MOR~GAGOR to duly, promplly and fully pertorm, discharg~,
txxvt~, •ffect, complete, comply with and ~bide by each and evary the ~tipulation~, agreement~, condltiom, and coveneott of saW p~omtswry nofe and tht~
mortg+qs any or either, and ~sid cosb, charpe~ a~d expenses, euh snd every, •hall be Immediately due and payabt~j whether or not there be notice ~1~
mand, ~ttempt to coflect or wit pending~ end the (ull amount of each and every iuch paymenl ihal! beu Intereil from Iha dab IMreof unNl p~ld at tM -
ratt of ntne per centum per amwm; and all taid costs, charges and expense~ trx~rred w pald, to9ether wilh :~ch interest, shall ba ~ocvred by 1M (ien of thi~ -
morty+9~.
a. Thal (a) In th~ eveM of any bresch of tht~ Mortqe9e or dafauU en ths pert of the MORTGAGOR, or (b) tn tM avsnt •ny of aid ~umt of money
Mretn rsterr~d ta be not promptly ~nd f~lly paid within thlrty (30) day~ next afler Ih~ iame cever~lly become due +nd payabl~, withovl dem~nd or notlce, :
- or in tM tvtnt euh and wery tM ~lipulstion~, sflreamsnn, conditions and coven~nt• of aid promt:wry nole •nd thia martpaQe any or eithar sre not
; ~uly, prompflr •nd fully parformed, d~~charped, ~xatuted, ~ffeded, compl~ted, complied wt~h and abided by, tMn in eillxr or ~ny such ~v~M IM iaid a~
Qrs9~it wrn m~ntioned (n •~Id promissory note then ~ematnin~ unpaid, with lnterest acuued, ~nd all moneys secur~d h~nby, fhall become d~s and pari
~ abl~ forthwith, or tMnafler, al ths option oF tald MORTGAGEE, u fully ~nd compl~tely ai If all of tha wld sum~ of mooey wer~ ai9inally •tipulated
Io M paid on such day, anythin9 In said p~omf~swy ~?ote or In thb Morty+ye to ths contrary notwithstandinp; snd thsrevpon or thereatter at tM option of
ald MORTGAGEE, without flOtitf or d~mand, ~uit ~t law or ln equity, thereFore or there~fter beyury may be prosacuted a~ If dl moneyt ~acured hereby
had m~tured prior to its iastitution. . .
7. That tn tM evenllhs! at tM beylnntrp of or at any IirrH pendinp any wit upnn thTs Mortpsp~, or to fontlos~ tt, w to reform It, or to ~nforn
~ paymeni of ~ny claimt htreunder, uid MORTGAGEE shall apply to the Court having (urisdiction thereo( {or tM appointmenf of • Retelver, evch Coutt tihall
forthwith sppoiM a ~eceiv~r of iald mortg~g~d property all •nd ~tng~br, Including all_~nd ~toyvl~r tFw incom~, prolits, kwes ~nd rw~nuts trom whatever
wures da~ivtd, ~~th and every of wfnich, it beinp •apres~ly ~nderstood, is hereby morlgaged as if ~peci(Itally s~t fath snd de~uibed M tM granring and
Iwbendvm clawsi hareof, and ivch Recelver shall havs ~II the brwd and effeuive funct~o~~ and powert In anywiie entr~sfed by ~ Courf to a Recelver, and ,
wch appotntmen~ ahall be made by svch Court ~i an admitted eq~ity and • matter of absolute riqh~ fo ald MORiGAGEE, and w(thout nference to tM
~dpuur or Inadequacy of the vat~e of IM ~xoperty morlysyed or to the wlvancy or insolvency of ~ald MORiGAGOR or tM detandant~, and Ihat svch
rents, profits; Intoma, iuuet and ravenw~ thali bs applied by ivch Raeiver accordi~p to tho Ilen or squ(ry of ald MORTGAGEE uid the pr+ctic~ of •uch
~ Coutt.
8. To dvly, promptly ~nd fully p~rfwm, dischar~~, exetute, effect, wmp!ete, comply with snd abide by ~ach snd ~v~ry tM ~tipul~tiau, ~reemenh,
condit{oru snd cove~anb in said promifiory nots and thio mQrt9sge set forth. .
9. Thst tn the avent the ownrrship of tha mongayed pr~+r+ius, a ~ny part thereof, bes~oma vs+ted In a p~rwn other than the AAORTGAGOR, tM
MORTGAGEE, lts succe~sw• ~nd assiyn~, may, without nolice to the MORTGApR, deal with ~uch wct~iwr or wuessa tn intersst w3th referenu to thi~
maiyaps and tna debt heroby tecured tn th~ sams msnner a~ with llAortga9or without In a~y way vltiitlr?p a diuhar9in~ tF» Morrp~9on' Ilabllity htn-
under or upon the debt hereby sewred. No sale of ths premiiei hereby mortyaged •nd no forbesrsnu oe tht pan of th~ MORTGAGEE or lt~ wccetison
or ssslgru and no extensian of the time fot the payment of the debl hereby eecured glvtn by tM MORTGAGEE o~ it~ tucc~swrt ot aasipnl, ~hall operat~
1o relesi~, discharye, modify change a affect Sh- oriyinal liability of Ihe MORTGAGOR henin, ~itFx~ in whot~ or M part.
10. It ~s ~pecitically agreed th~t Hme i~ of the essenca of thii contrad and that no w~lv~r ef eny obligation Mreund~r a of the ot?Ilp~tion M
Cvrfd hertby ~hall at any lime ihereafter be held to ba a wa(ver of the ttrmi hertof or of Ma trutrumeM aecured herhy. ~
11. In acWition to the forego:ng momhfy paymentt of princ:psl end lnterest required by tt?a promiswry nots seevred hereby; morfgagor tovenanta
and ~yrees to pay to mortgagea with each monthly payment ~n additionil sum estima~ed by mortpagee to be eqval to 1/12 of the annual cost of the follow-
lny:
~ A--A11 real property texes lavied or asiassed agaimt ~he above dewibed re~l e~tate. ~ ~
B-Premium: on fire and windstorm iniuronce ai Ixrein requ~red to be car~ied on the Improvementt •[tuet~ on the sbovs desaibed premltes.
C-Premiumi on such mortgage guaranry Inturan<e a~ m.ortgaQse thatl from time to tima deem fif to tatry on the {oan wcvrsd h~~eby.
Mortgsyee shall from time to time nolity mortgs9or in writiny of the amo~nt dve and p~ysble herwnder and ~uch sum thall thereupon be dw ~nd
payible on the due dare of the ~zf mo~lhly payment ~nd each •ucceisive rtwnth there~fter until mort9ayee ~}?al) notify mortqagor of a change In ~uch '
~ amount. Such euma ~hall be applied by mwtgayee roward the payment of rosl property taxes, insuranc~ premiums, ind mottQsye yuar~nty (nsurarx~
pr~mtum~.
IN VIITNE55 WHEREOf, the said MORTGAGOR hu hereunto set his hand and seal the day a a~r flr~ aforeta(d.
iQ al deltverad In tfit prts~nce ofc
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STATE Of FLORIDA ~
~ Cout~mr of Sa3nt LuaiA y~' • '
. e~fa. ~,a,.n„ ,~.~«a John L. Le a ter ,,,d
. _ Ruth W. Le a ter ~a. w~i.. ~,,,,n k~, ,~,a k„o~, a ~o
tM Indiv3dual~ dneribad in and who ax~eut~d fM fonpoirop HuhurtKnf, and aekr~owl~dp~d b~fon m~ that tMy ~xaevhd tM tae~ for tl» purpaN
' t eMr~tn ~xp?.usd. Md tM u~a _ Ru th W~~jA .er -
' wlfs of the ~,w ~ Jahn L. Le a ter , . ,.p.,.~,
f• ~a~mtr?aYwn by me taken saparah and ~p~rt irom t~ sald husb~nd, adurovr{~dped to and b~fort rrN tMt ~M exatut~d saW trntrurrKnt ftNly. and volun~
tuilr u~d without ~ny compuliton, constr~int, app«Mnsicr~, or fiar of or from het ~aid Fxab~nd. •
. WITNESS my hsnd and offkid wal thi• 2~t~1 day of b ry~" o~14 :
~ ~ ' .i~'P%'~1JIT7j:±~ ~ . .
i.t ~ ~ ~ _ / J.
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. f.~ Not~ry Pu k M tnd for N~ of,~ ~ D- ~ 7.
- Rstvm Ta ~~~v~~ My Coevntulon exp~ar3~-/7-~~,'.~ ~
k~ Hnt Fad~al SarG+p~ S ~ow+ A~oe!•tion hutiry Publit, Sl~tc 91 flaida at l~rq?~ p l;?'.Q:~,~e1
~ Of Fon Pierce. j~S Commissioo Expires May 11, 19b8; ~
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F1LED AND RECORDEO ~ ~u~
• ~ -s~ P~«11111j~ , ~ ~ W~C~~ Aeaica~ Fi~ A C~srW~ Co't~,~-i' r , • . .
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~ t~ ti.~`' ~iti+'w+• C ~i~~~.• ;a :,~°=?•.y_--,•~~3'~~~~,~~~,
~ i ~~'v~::•••~:y~:'., • - 1964 hOV 20 3; pg ~x..;~~~ ~~+r;;~
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~G'~-.!t, •~E:;~'~,'~ ~M . • '~''t T~~~Sr;r=~~`.~~'
r:. ~ ' ~~`+F , - j~. ..~:r" R~riCR PO~~~ Fi/~S ~~tRK ~
~ ~ •1~-:_ c~.'~..i-_'''•'~-.. • ~z.;~~ . .
~ ;r+ ;,i,`'~K-;"';;t'::-.,. $T. LUCIE COUNTY, FLORIDA ~ .
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