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3. To place and coniinuo~sty kecp on thr bui!Jin~~ no.v rr hert~ftrr ~itu:,te on s~(d Isnd and an all cquip:nent and personally covercJ by ~h~t m~rtg• ~
ege, with all premivau thtreon pa~J in Iull, fire ~nsurnnc~ in Ihc usuol sta~~:lrrJ ~-o'~c~ ior~n, in a iu n a~•j.roved by 1ha h17R(GAGEf, rnd wi~d:to:m ~
- i~surancr in ~ha vs.~al e~a ~d.~~d po!:cy tonn, ~irt a wn~ approveJ ty tha A10RTG ~GE E, in such cempany or c.~~~panies as the MORTGAGEE may ~
direc?; and all (ire and w~ndstarm insorante ~o~l:~c•s on any of sa~d build:ngti, any inrereu Ihe,cin or part ~h~reot, in the ag~regate iuni aforesaid o? ;
in axcess ihereof, ~hall canrain ~h~ uswl u::idard mert9jgee ciause or sucn ofher cl~uie us the A1cr~yagee m~y rrq~~re, meAing thr la~s ~nJer s+id pofi- ~
eies, each and eve;ry, paysb'e ~o said MORiGAGEE as ~ts interast rn~y appear, and esch mid every w.h po~:cy s~~ali C:e prorr.plly essg~~ed and deiivered to ~
eny hetd by s~id ~.IORTGAUFE at (urthcr secu~ity tc :::;a 0:'~3~a debt, acd, not '.cst than tcn (i4) djys in adv~nce of the ezpirri~on ol eath y~lity, to de•
liver to sa~d A10RIGAGEE a re~~ewal thereof, toyether with ~ rece~pt for Ihe ~rcouum ot such reorti~al; and ~here slwll be no frta or wlndstor,;~ insurance
placed on any of said hvildln9s, any inleresl the~ein or part ~?rreef, un!rss in ~ht ~orni and with Iha I~;ss payab!e ae afo~esaid; anJ i~: the eveN any sum
Ui money becotnrs p~yable vnder such policy or p+•:r.~^: s~id ~AORTGAGEE shall havc Ih<e opt:on te recci~•e and apply Ihe samC on ttcouM of the indeblyd- ,
ness secured h~reoy or In permit saiJ Att~RfGAGu~S so r~..:ica and use if o~ ony {~art th~r~of lor other pur}•osrs, ~•.ithcu! Ih~r.c~ wa~:in~ ~r u:~pa:r-
tng any equ~ty, ~ien or right n,~dr~ or by virtua of Ihis mo~t9age; ar.d in the even~ sa:d h10R1GaGORS shaq (o~ any reason (ai~ to kcep tna said premisrs so
insured, or fail to dciivcr peom~~tly any of s~id potic~es of insurar.Ce 1o said A10RIvl~CEE, or fai~ prompNy to F,ay fully any premium therefot or i~ any ;
resp~~ct lail to CcrFu:m, d:schaic~e, executa, effec~, con~p~e~e, comp~y wi~h and ab~de 6y th;i coven~nt, or any pa:f hereof, said MQRTvAGEE may place and ' 1
pay for such insurance or any Fart thercuf w~~hou~ waiving or a~ieuing any opt~un, iieo, equ~~y, or right unJer or by virWe of thi, 1.lorlgage, and ;he
full amo~nl o! each and e:ery such paym.m shall 6e immed~atrly d~o an:i payable and shaU bear iroerest lrom ~ha da~o lhereof until paid at tha rate ol 4
~ine pcr tenturn per a~~nu~~i ond to~~lhe: ~tiith svcii iiitcr~•ct ciisli F~e sewred 6y th^ lien of Ih;s inortgat~e.
d. To permi~, con~mit ot su[fc~ no ~vaste, imp~~rr.~ent or deteriorat~cn of sa~d pr~perty or any pa~: thereof.
5. io pay atl and sirg~~lar the tests, charges a~d expenses, induding a reasonablc altorney's fee and costs of abstracts of title, incurred or paid +~t
' any tir.~~. i~y said h',ORTG~GfE: because or in ~he event oi ~he (~i!ure on the part of the said h\JRTGAGOR t~ duiy, pro~~pHy and fully p:r(o~m, d~scharqe.
axzcute, effetl, complete, comply w~in and ab;d_ hy each tnd every the stiputations, agre:~nents, ~and~lion~, and tovenants of sa~d promis~ory note and this ~
mor~gage any o~ e~ther, and ~sa:d costs, chirges anJ expenses, each and every, shall be imcnedi~te!y d~~ a~~d payab!e; wheth^r or not there be rtot~ce da .
m'and, attempt to coltetl or sui: pend~nG; and tiee ful! arnount of each and everr suth paymenl shall bea~ intaresl (rom the date ~hereof until paid at tht
ratc cf n~ne per-c~m~m pcr annu:n; ond u~i sa:J coi~s, cha:ges and eapenses i~x~rrcd or paiJ, ~oyzther ~v~th suc6 iNZrest, shall be sscured by Ihe Iien of thil
mertgage.
6. That (a1 in ~he eveM of any breach of this l.Scrlgage or deiaui! on ~hs pari ofi Inr A',ORTGAGOR, or (b) ir. the avenl any of s~id sums of money '
herein reiz:red !o b•_ not promptly ard fu!ly paid ~+•i!hin ~h«~y (3~) days nett after the samP severrtly become due and payab!e, ~v~~haut dema~~d or no~icc, ;
er (c) in the event eath and evary the stipufatiar.s, ag~e.ments, cond:tions and covenants of sa;d pranissory nofe and th~s r~rtgage any or ehh.e? are no1 `
' ~uly, promptly ar.d ~ully j~erfonned, d~SCharg;d, exec~ted, elfecte.a, corrp!eted, compf~ed v.ith ar.d ab+ded 5y, Ihen in eithrr or any such eveM the said ag• ~
gregara sum mentionec: in said prom~ssory nore lhen remaininy ~npa~d, .v~th interrsi acc:ued, a~~c! aIl morzys secured ~he~eby, shali become duz and pay ~
btle forth~viih, or Ihereaitcr, at the oFtion of eaid MORTGAGEE, as (~Ily and complcie~y as if a!I of ~he said sums c( rmney wcre originel~y sfipulated ~
to be ~;a;d on such day, ~nylhing in sL~d p:o:nissory note or :n this Alortgage to the conirary noh•~~thstanding; and ~fiereupon o• Iheieafter al Ihe option of '
said ~1C~RTGnGEE, without noticc or de+nand, suit at la~v cr in equity, therefure o: th~rzahe~ begun, may be prosetuted as if alt moneys secured hereby _
had maturcd pnor Io its insliw~ion. ~ i
7, That In 1he event thas at the be.~inn~og of or at any time pending any sv~t upon Ihis Mortgar-+, or !o foreclose il, ot to reform it, ot to enforte _
payment oi any c?:i~~~s he~eunder, said J.tORTGi+G~~ shafl app~y to th-r Court having ~ur~sd:ttion thereof fw the appointment of a Receiver, svch Cour1 zhall -
' fortl~.,rioi~ appoint a r~,ei~er oi sa~d mo-tga~ed proper~y al~ anJ singu!ar, includ~ng a,t and s+nautar ~hz inconie, profits, issues and revenues from whatever '
source dnr~ved, each ar.,! eve:y of •hh;ch, L~;•~g ~~pr=ss~y 1'fiLl~~rs~co;.', is Fereby m~n~3ged as if s~:ec~ficatty set forth and described in the 9ranting and ~
habendum c~auses her~of, and such Receiver shap hsva a!1 the brcad and eifctrive fur:t::ons and powe~s in any~vlse entrusted by a Court to a Receiver, and
scch appointment sha~l be made by such Court as a? admi~ted equitq and a matter of r~~sc~ute right to sa~d h10n^TGAGEE," and w:thout reference to the
edequacr or inadequacy oF thc ~atu~: of ~he pieperly mertgaged or to t}~e so:•.•~nc~ .~r ~ns.,iVency oF sa~d /r,OR(GAGOR or the defanda~ts, and that svch
rents, proiits, incorne, issues and revenues shalf Ne applie3 by such Receiver ac.ord:ng to tha lien or equity oi sa:d MORTGAGEE and the practice of such
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_ ?o d~ly, prcmpHy and f~Iiy ~:e~form, d~sc~~rge, exe:u'e, effecc, co^-~:tete, ce:npl~ v:~th and abide by each anil every the sl~putetians, agreemenls, _
c~nditions and tov~nanii ~n sa~d prom~sso!y note a:id th~s mortgage set fo~1h. -
' 9. That in thc event the oNnrr:hii, of the mortgaacd premisex, er any parl tfiereaf, ~ecornes veste~ in a person olher than tha MORTGAGOR, the ~
t.10RTGAGcE, ~~s succasso:s end assl~ns, m~y, v~~:iicu` ret~i.e i~ ihr ~.SGRiG~GR, drai vr~t}: such wccessor or successor in i~teres~ ~vi~h reference to this ~
murtc~age and the debl hereby ~ecureJ in the s~me mar,ne: as c.ith 1:1o:tgago~ without in any way vitirting Or d~scha:ging the Ido•tgagot3' tiability herN -
under or upo.i the debt h.reL~ s::c~:red. t~o ss!~ of ~t:e F.re~r.ises h.ereby rc..rtgaged and no forbearance on the part of the :,10RTGAGEE or its sutcessors
or assigr.s and r.o ext~nsio:i of the ria;rfw ihe payrr.en! oi.it:e dabt iic+e~y secured g~ven by the IdORiGI~GEf oc its successors o! assiyns, ahail operate ~
to releose, d~scharge, medify change or af(zcr th~ oric~~nal iiabii~ty of tna N.ORTGAGOQ i,e~e~n, either in whole or in part. - -
10. It is spec~flcally agrecd fhat time is of the essence of this contract and ~h3: no waiver of any obfigation hereunder or of the obligation s~
- cured here6y sha{! at ar.y lime thereaiter be he:d to be a v:a+.er of the terms hereof ur of the instrument secured he+by.
11. !n aci:l:t;o ::o :f:e foregc'~:~ mcnttiiy c,a f~n=~ts of p:~ :t'oal and iate~est rzquir~d ~y the p:omissoty no~e secured hcreby, mortgagor :ovenants .
anu agrecs fo pay to n:on~+g=_e v:~~h each rr.e~ithiy +,ay~,,er,! an ~dd~rlonsl wm tst~^~a!et3 b~ mortgagee ta be equal to 1%12 of the annual cost o( the fo!low-
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A-A~i reai ~:,ope.ty tax:.s i<~f~ed e; assess~ci ag;~•~st if,e ai:o.•e e+z;crib_d r;;al rs±ete. -
B- Prem.iurt~s cn fir_ a~~d •.ti•ir.dstorni ir.surarte as here:n rcqu~red to b~ carried o~i fhe :mproveme~is situate on the above ~cscrilxd premises.
= C--Premiv:r•s on s~~<ii lPG:1~3ne guara:i~y ir:svrar~_ as mcrtgagee shail fror. t:rne to ti,r,e de~m fit to carry on the Ioan secured hereby. '
' h'.o~toagec <_h~'[ from time to f~:ne nor:iy merryagor ~n v.rit~rg of th~ a~r.oc~! dv~ and p3yab!e hereundar and wch svm shaEl thereupon be due and ~
payaote ort the clue oate ef :li= r.ext f~~o::~t-~!y gayn,e,v and each wccc•ssive month lnereai~^r ur,til mcrtgagea shatl notify morlgayor of a chanoe in wch
~ amc~~nt. $uC~'! w~~s sr~a+l app'•ied E:y n,ortgagee ~o~.va~d Ine pay~nent of reaf preper;y taxes, insv~3Rt9 prem:unis, and mo:tgage guaranty insurance ~
: pren:iurns. . ~
' I,: \'~IZP1E~5 'NNFKEOF, th~ said tSORTGAGOR ~:as hcreunto set his n~rd and seai the day and year first atoresaid. ~
SEgned, Sealed an~ de!ivered in the presercc ot, ' , ~ ~ / r
: i if u.~ J A?..~ :tGlit3~~~ " s"L`t~-~-~ ($eal)
~,~;~{G:£ :•~F}li~1~~11lA• tl
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f•L:c.~C G~= ~it(T :{~tFK3 ($eap i
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- SiATE 4F FlORIOA . ~
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St. Lucie . ~
COUNTY Or _ I - t
S_fere me Fe~son~lh{ app°er=.d -7ames ~J. LeF3lanc, a_single c1,~U~.t ~
~ _ _ to me we11 knotivn and kno~r~n to me to be ~
1he individval descr;oed in a~~ who exec~ted she foregoing instrument, ar~d acknovr;edged before me that he executed the same for the p~rposes
- lherein expressed. ~~i
~a ~X?CXXX?OCXXXXXXXXXXXXXXXXXXXXXX}O!XXXXXX~~XXXXXXXXXXXXXXX?IXXXX}E
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- ta~i~C~ir~@~£XtPfo~S~a~G~?X~GK~4,?t263{s?ia~-!f }S~fAE~X7IS~X~~~b~F~lMh~~~~~S~eX{~r~{!. . ' .
Y11T~~tESS my hand ar,d official seat this-_ 2n~ _ day of__ ~aY " A. D. 19~5
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i: - - ~ - Natary Public in and for th tate o~ lorida at Large
' My Cort~m~ssion ezFires: /
- Return 70: _ j
: First Federal Sa•+ir~gs 8 lo3n Associatiun ' f °'/`:TE C( ~lC~i:l~: at tARG~ ~
Cf Fo:r P[~tr.., _ ' t e . r_-.~= 1i:i:. 7, 1971 f
Fort Pierte. Ficric~a t~ ::+w h.; ~~:.a~~ en: :.~;s I:.;~f]t1C6 Cp. , ~ - €
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This Ins:rument Prepared By RiC~a~rd K. Kaye~ - "c'•-~%s
. First Faderal Savings. & Eoan Association ~ ;
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. of Fort P:erce F:IQrida d~e -i"" f'"=~~' `Y -
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_ Checked 3y 800!t ~~t~t7 PAGE _ _ a , ~ ~ , -
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