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3. fo Flace and conlin~oi~sly kerp on tiia bui!d~nqs now or harreher situate on sa~d Irnd and on a~l ec;uip~neN and p~rsonal~y covered by ~h;s morlg•
age, w:ih atl premivmt thereon pa:d ~r f~ll, f~rr i~s~~anc~ ~n ~h: usv~! ef:+r~erd ~;o?~cy (urm, in a sum aF.pioveJ b~ Iha MOfi1GAGCE, and winds~wm ,
insuro~ue in Sh{ usual s~ar.da~J ;~ol~cy iwm, in a:~m ap~~roaad t„r the ~~CR1GAGfE, in svch conspany ~t co~rpaniei at tha h~O~2iGnGEE may
dirat~j and ail fue ar~d w~n~stonn inwra,xe poGucs on a~iy oi aaid bui:d~nys, a~~y interust therein or part Iher.oi, in Ihe aggregeta tum aior~sai~ or
In exces~ 1hereol, aha}i con~: in tt,u uswl star.darc+ rnocrragea daute ar svch othu c~eu,e as the Alatgagee may rcqu~re, makiny tha loss ~ndor sa~J poli-
t~es, cach and eve~y, p=~au~e to said 1.10RiGAGEE as i1~ ii:t~~r~s1 may appcar, ::i~d e.xh and every wth p~!ic~ shall be prompily augned rnd dclivered ~o .
any held by sald ti1^RTGAStE as fur~her security Io said ~i;ortya9e dcbi. a~iJ, not I.ss than ten (1(~) dny; ~n aJvante of the,expiration_of each policy, lo de-
li~•er 1o iaid A~ORTGAGff a renewal th_•reo[, :ogeihar wi~h a receipt ior Ihe premiwn of such rene,vat; rnd ihcre sha11 be no firz or windsWrm Fnturonct
ptaced ~n any of said buildings, any intrrest there~n or pac~ ihereof, unles~ in 1hr ior~n an•i with Ihe loss payabte ss O~C~/CSd~~; and in ~he evenl any tum j
of riohoy becomes payabta onder such policy or poGcirs said MORTGAGEE ehall heve ~ho opt;on 1~ ~eceive and apply Ihe same on accounl of the indabted~ +
ness secureJ h~reb~ nr ta permit ea~d R50RTGAGORS ro ~::cei~~e ar~d use it or anr p.rt tli~reof ior otne~ pu~~~oses, v.~thout ther~+,~ .vaivi~i~ cr ~mrair• ~
tna anv tc{uity, lien or right undPr ct by virwt oi th~s moctpag~, and in ?he ovent sa~d h1~RTGAGCi~S shall fer any ~easo~ fail to keep the seiJ prem~srs ;o
insured, or fail to defiver prom~tly any oi sa~J pol~cies of insurance t~ ea:d /.10R1GAGEE, o~ (ail prompily to pay fuily any pre~nium therefor oi in a~y ; ~
respect (eil to perform, d:scharge, executr, e~feU, comp!ere, co:rply wirh and abide by th~s coven~nt, or a~y pa~t h^reof, said MORTGAGEE may ptace and §
pay (or such insurance or any part therrof wishe;t h~si~ina or afF~c!in~ any opt~on, IIEft, eqvity. or righ~ w:der or by virwe of th~s I'Aertgage, and the
full amouM ri cack and every SuCh pay^nent sh~!I be immrdiately duo ana p:.y.~bl~ anJ shall bear ir.terest irom thQ dato therecf until pr'd at th3 rate af
nine par cenf~~m pcr annum and to~athcr ~tii~h such int~resr <t~aii b~ secured hy ?he tiEn of th~s :nortgagc.
4. To ptrmit, commit or s~ifer no waste, i~npaPr~nent ar deh:rlor~tfon o( said propeny or any parf iherrof. _ , _
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~ 5. To pay all anci singular the caats, charges and expe~ses, in:Ivding a reasonable atiomey's fee and crsts af absrracts of titta, inc~rred or paid at ~
any lin~e by s+id A10RIGAGEE, betausv or ic~ 1hc evem af the (~:Iure on tl~~ o.rt ot the said AIURTGAGOR 1~ duly, promptly a^d futly parlotm, dis<harge, `
execute, effcti, complete, co~~ply with and ab'de by •~ach and every the st~pula'~ons, agreements, wnd~~ions, and tovenants of said promissoty nate and thit ~
mortgage any or eiiher, and safd tesis, charges and expanses, each snd every, shal{ be immediately d.:a and payable; whether or not thare be noi~ce .de- i
mand, auempt lo co~.~U u; su~! pend~n9; and ~he fuli amouM of ea~h and every svch ~:•3yrcem shall b~ar i~te~es~ irom tne date thereof u~itil paid al the - ~
raie af nfne fxr cant~n, per xn~.u:zr acc a~i ss:d cos~s, cha:gci a:id ex;,e~,s_~S ICCU~(CC~ or pa;J, toc~ethcr •.Y~ih wch inierest, shatl be secured by the lien of th~~ ~
mortgage. • (
6. Tha: (a) i~ the eveni af any breach cf thls 'dortgaga or defavlt on tf~e parl of the 1hO~2TGAGOR, ur !b) in Ihe evenl any of said svm~ of money . ~
. lierein refer~ed to be nct ~~wr:~>~ly ar.d lully pa~d vri+hin th~rty i30) d~ys ~ex~ a'.~er the eame s~vera'ly necane due and payable, withovt demand or notice. -
o~ (tl in th. eve~~t esch an~1 evety ~he Stipulations, agrcements, cond~tions anc: tovenants e4 sa:d fromissory rtote and ~h~s mortgage any or either ere no~
~vly, pro~rptiy and fuliy perfor~n<d, ds:ha~~=J, exc:u,rd, effecrcd, :o:~ple:er:, :ca:~:l:c3 v:~th ar.d ak;~ded :y, then :n e~ther or any such eveN the said ag
g~egate s~~m m2ntion~d in said prom;ssory neta th~n ren,eining un~~aid. with interrst sccr~~d, and all r:wneys.satured hereby, shall betome dve and pay ~
able forthwith, or ~hercaftcr, at the opron of said h1021G.>GcE, as !:•!Iy and c~mple~cfy as it all 01 the said svms of money ~vere G+iginatly dtlputated
to be pid on wch dey, an•;thir.y i~i ;a:d F:o:n:ssory ~iotc or in thi4 Alortgage to the comrary not.vithitanding; and thereupen or thereafter ai ~he option of ~
said MURTGAGEE, vr~thout not~ce or d~7,and, su~t at law or in equ~ty, therefo~c or ther~eiier begun, may be.prose~vted as if all moneys secured hereby
had matured prior ta ~ts institu;ion. . ~ .
7. 7hat in the eve~1 that at iha beg~nn'r~g nf or at any f~mc pznding any suit upon this hlortgaac, or ta forcdose it, or to reform if, or to enforte
payment o( any daims hereunde:, s~:d :.',CRTGAG`e sha'I appty.ro the Court havir.y j~~c~sc#[cti~n ~hcreol for the appointment of a Receiver, such Court shaN
forthwish appoint a receiver of sa~d mortga~ed pro~:erty al~ a~d s~r.gular, in;;v:l ~:g ai! and singular the ir.conee, profiis, issues and revenues from whatever
- source dcrived, each anJ every uF wh~ch, ~t Ce~ng e~press y unoerstood, ~s he~~uy n or~g~gcd as ii spec~ficatly set fonF. and describ?d in the granfing and i
habtndum c?ai~ses F.ereo!, ar.d svch Receive: shall hj•:a' a!! th•, brozd ar.d ef(ec!;.•e fur~,.ons and pov:e~s in a~y~~~ise entrusted by a Court to a Re<eiver, and
such apFointrner.t shal~ be maJe by,s~~ch Ceu;~ as a,; adm~rt~J eqvity and a matrer of ab:e!ute right t~ said h10RTGAGEE, a~d withou~ reference to the ~
adeqvacy or inadEqvacy o! thr ~•aive oi th~ pro~=rty mongaged ur to th~ so,~e~~cy o: ~nsc~vcncy of :a~d MORTGAGOR or the,deiendants, and that such
. ren~s, profiu, income, issuei anJ re~ences sha!! be appli~d by such Reccn•er accord~:,y ~o the lien or equity of saEd A10RTGAGEE and the pradice~of sucn ~
_ Caurl. ' ' ~ ~
8. To c'uly, prompt;y and fully perform, discharge, exec~t?, effect, completc, co::~g!y with and abicia by each and every the stipu!ations, agrcemeNS, " r
cortditions and cuvenants in sa+d promissory nvte ar,d fhis mortgage set forlh. _ . ~
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_ 9, That in the eve:~t the ovmershEo of the n:~rtg~o:d Fre~~ises, or aay parf thereof, 6ecomes vested in a person otfier than the MORTGAGOR, the
A1pRTGAGEE, iss svccessors ar.J assigrs, n~ay, w;rhout nottce to the :.1ORTGAOR, deai .ti•ilh such wccessor w successor in interest with refere~ce fo this i
mo:tgage ard shn d^ht F,ereby setured in nc~ szme manner as ~v~~h A1o~tgagor wiihout in any way viti;ting or d~stharging the 1lartgagors' liability here- ;
~nder er ~pon the drUt 2iere6y setured. ho s~ie of 71:e rre~nises h_reby mortgaged ar.d no forbearance _on Ihe part of Ihe /.10RTGAGEE or its svtee3sors ,
or ass~gns and no exte~s=on o~ the rfn~a for rhe payn:cr.t of the debr I~e~ehy sec~red g~ven by tha 1AORIGAGEE or its successors or a_•'~ns, anall operafe . i
Io re!ease, d!sclwrge, modify change or .~~fect Ihe cr~g;nai lia~iliSy o! the N,ORTGAGOR hereir., eithet in whole or in parL ~
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10. N is speuiicalfy agreed that time ~s of the esser.ce ef rh~s contract and ~hat nn waiver of any obligation herevndsr ar of the obtigation se- ;
cured he~ebv shali at any time ther4after be he!d to be a waiver of the terms here~f or of the mstrument secured herby. _ }
11. in add:t~on 'o ahe iorego.ng~mcn*h'~ Fdynt_t1t5 of prir~'pal and inter~s!. reqvi:ed by thc prom`ssory note secured h~reby, mortgagor cove~ants ~
and agrees to pay to n:o-!g.~g~e ~•:~th eacfi ~r:^^~h:~ , a;.,,~nt an ~dd:Gonat sum ess~ma!ed by mortgagee to be equal !o l;'12 of tha annual cost of the fellow-
ino• ,
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A-A?I real ,.reperiy taxes Iev~ed er assess_d o~a~ ns! thc ahove de>c~i~cd real esi:~te. ~ ~ ;
~ s-PlC.T,1'J•^"s on f;~e and w~r.ds~orm ins~rar.ce as nerein requ:red to he carri~-d on th~ im~rove~ne~ts sitvatc on the above c.'cscribed premises. '
C-Pte~rSv+-s cn ?vch mo+tgagn gu~*r.n!y icsv:nr.ce as m~rtnagee shail frcm 2;me to time deem fit to carry on tha loan secured hereby. ~
, htortgagee sha;i f~om time fo iime notify r.~e.tga3or i~ v:riting oi tne amo~nt du~ and payable herevnder and such svm shall thereupon be due and
payats?e on tha Jue datr of tn~ next me~tn:y pey~:cro and er:ch su.cessive menth !heseaficr ur~1i1 m~rtgagee shall notify mortgagor of a change in suth
_ amaunt. Su=h sums sha!! be apFii=d by ~~ortga3ce to:•:a:d t6^ pay~mer.t of raat prcrerty iaxes, insvrarr_~ prem;vms, and mortgage guaranty inwrance
ptemiums. - _ - _ . - _ i
I~ \VITNFS$ VJiiEREO"r, the sa+d t.'.ORTGkGGR has hereunto set his har,~ an~ sea) the day and ear first aforesaid. ~
:gned, Se ' d ar delivc i e pres<nce of: - _ f
: i J FIlEO ~HF' aECQRDED < 1
- - • ST.WC~E COUIitY fl~?. , ~ _ ~
sep c
F03f.~ r~~',RAS (Seal)
CIF.RK Cli:iillT COURT (Saal) .
~ECOR'_'• ti=*,riE~.r.-----''~' a~ ac
(S~al)
, STATE OF FLORIDA „A ~ II 33 ~/~~+y
ST. LUCIE t~5. . L1~! ! w~t~~
COU!JTY GF - I .
JOSEPH J. LACH -
Befcre me pe~sen~li•/ ar;;eared and
M.~RY ANN 7.ACIi his wife, to me well known and known to me to be
the i:~di~iidvais descri~~:d in znd .~ho execured the foregoing inslrument, and acknow:edged before rne that they executed the same for the p~rposes
i therein er~ressed. And the said ~N ~~H _ _ ~
wife of the said JGSEPH J. LACH - - ; upon a sep~)~td`end~Ivfats~:, ~
e~zrn~nation by me t34en separate an~ apan fro~n her sa;d hus~and, acknovvledged to ~and before me thai she executed sai@ instrvmer~l?f ~ty and'voleT~
larily ~nd withart any GOT'aJ'sion, constraiM, appreh~n ~or fear of er f:om het said husba~d. • _
.t
Y/1TMES5 my hand and offic~al seal th:s_____ day of May - ~ _ =
?T,~,,~~. ~q~S• ~ % _ ,
. . . - - - - . . . . . . . - - • ~p~L. • 3i ~:1 ~ - . ~ ~ - ~
- - Notary Pub1' in and ior the Sfate of Fjoc~b, at t'~el
- ' ~ STAT~ ~F ~ h5y Camm~ssion expires: ! '"s
1 C~RIC7~~ ~ ~ 7-'~~'••. ~ ; . J -
~.Z " I?V~:JhjFPvT~A.P.Y~~=--~S1l~ti1P ;!{t ~ . O
r f " ~
c-+ `il DE`Yt. Gf I+£L'[!YUE( 9 : _ - . ~~~~/~~lSX~T~~~~~~~; . ~ ~
xr ~ ( ~i~ ~i ~ ~ a3 Lf ~ - ' _ ~Ititjlll
~~~:'f? ~
~ Kn ~a~i -C~~:.` s r'! ~
. ~ fri -M . . ~ ~ . - _ . _
. . . 1 -l . . . _ - . . ~ " - ~ - . - . ~ ~
Tl11S IF~STRUMEt~T W~iS PREPF~RED BY . _ -
~ This Instrume~t Prepared 8y FRANK ~EE • f1RSi FECERAI. BLDG.
First F,edEr~l Savings 8~ loan Assc~ciation . _ ~ORT PIERCE, f LORIDA - .
of Fort Pierce ~ .
Checked By . _
_ _ . f
± _ _ ~ - 80~K ~.c)c~ PA~f ~ i
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