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3. To pljcc and cont~nuous+y k.>>p on the 6ui:~lings nnw or herra(ter ait..atr ~n sr•~! IanJ ar,d e~~ ali eq~Pp~,~ent and pcnonalty coyered by this m~rlg-
age, with all prcrni~ms Ih_rcon pa;d in (ull, firr insur~~~.r ~n Ihe ~su~l t~end~r.l po~~cy {o~m, in a sum app:ovad by thr .NORIGAGEE, and windstoi~n
insurance in tho vsual s~andard pol.cy ionn, in a:um .j~~~:uveJ by the h10~IGAC•~~, ;n svth company ur companirs as th~ h10RTGAGEE may
direc~; and all (~re and w~nclstor:n ir.wran.a po!~c~cs o~i ar,~ of sa~d twi~d•+~~s, any ~nterest therain or ~+art t:~ercof, in the agr~~ega~e sum aforesaid or
in excess thc~eof, st,a;; conta~~ t1~e usu3i star,d3rd mortgagte c~ausc or such othar c'ause as tt~a l.l~rtqa~ee requ.re, m~1.in9 the lois und~r sa~d ooli-
eies, eaeh and uver~r. Nayal~'e io said !,~JRIGl~GEc as ~tf i~itor~st n~;y apEx;ar, and oach ~nd c•:e~y such po!~cy shal~ be promplly ass gned a~~d da?ive;r~d to
_ any held by s~~d t~IORiGAGfE as {u~~h~r s:cur~ty ~o said n:ortgaga d~~br, a~;d, not tcss ~h~n ten (10) days in advance oi the expira~ion o{ each policy, to de-
liver to said 1~10RIGAG:E a renav:al Ihareof, IM]GIII~( wi~h a ri•<c~pt fur ~he premi;,m pf suth ~ene~rral; and ~h~re shall no firc or ~~LZds!crm insutante
placed on any of ssid build~ngs, any interes~ Iherein o~ part therco+, un!~ss in the forn~ ~nd H.ith the ~c>s payable ~s atc~resaid; and in Ihe e+ent ~ny sum
of monoy betomes payab!r ur.der s~th po!icy o~ pof~cies sid A10RiGAGEE shall have ~he option to receiw snd apply 1he san~c on accou.N o( Ih~ indebted- " ,
_ ~ess aecured hereby er to perrriit si~d 1,10RiGAGOR$ to rrcrive ar.cf use it o~ ~.ny F~r~:t thr:~~~f icr o:n,•r ~~~i~ oscs, v,'!ho~t thrr<i~r .:~ivin ~ Cr ~~n, air-
ing any equ~ty, lie~ o~ ric~ht under or by virWe of lhis mo:!ga9~:; and in Ih< evrnt »;d A10RTGAGOR~ sha!I fcr airy r~~s~n fail to kcep thc said Ntcinises io "
insured, or fail to de!rver pro~natly any uf said poiicies af insura~~cr to s~id IdORTGAGIE, or (aii p;omplly fo pay (ully any prenii~tn thereicr or in any ; '
~espea (ail ta perlorn,, J~scha~9~~, execurr, ef(ecl, cumpietc, ce~7~ply v:ith and abide 6y th~s covenam, cr any part h~reof, said h10kiGF~GEE ~ray p~ao~ and
~ pay For soth insurantc o~ any par~ ~heraof without wr.ivirtg ar affec!in~ any o~•t~on, iien, equ~ty, or rigl~t undcr or b~ virtue oi this 1.1ert~•ige, and the ~
lull ainount ot each and evcry S~ch paY'nent alu!I ba i~nmediately d~e anCl ~3~dJ~r and ahail baar int~rest irorn th~ dotr thzr~of until paiv at Ihe rata ol
nir.c per icntuin eer annu n anci t~,~;•tLcr ith t.,ch ~ntr~cs~ eha~; l~ ~ s.:~.md {,y 1h~ i~~~n pl th~s mo!tgey:
4, To pcrmit, commit ot su(ter no waste, i~i,pairmrnt or ilele~ioratiCn cf s3~~i E::opcrty or any pait thereof.
5. To pay all and singular thn cos+s, charges and exu^nsas, indud~ng a re~sonable alterney's fee and cosls of ahstracts of tille, incurreJ or paid al _
any tin,c by said A10R1GAG~E, bccause cr i~~ Ih~ event o1 ti~c ia;!ure on ~he patt of the saici ASORTGAGOR to duly; prompHy and (Ulfy pc~form, d~scharge.
eaecvte, efiect, con+plete, co nply wnh a^d a4,:cie by _3ch and every the si~pu!at~ons, agream:nts, <ondilions, and covenants oi said premissory note and this
mortgage any or e~~her, anJ s.~ d ccs~s, cliarge; ar.d expanses, e3ch and every, shail L~ im~n.:diatefy dua and p.~yable; whether or not th~:¢ be not~te d:r
mand, attr.n~t to co!!eu or svit prnd~n9; and tl:e full arr~ount ~i .~,ch and evcry svch payment shall bca~ ir.tcrest (rom the Jate thercol until paid at the •
rate oi nl;:e }~e~ teni~~n pc-r unnua, ~nd aii sa;d ~csts, char3~s anJ ~.ar~rs~s ir.curreJ or paiJ, to9ethor ~v~lh suth iMer~st, shall 6e secured Ly the lien of th~s
martgagr. .
6. Th31 (a) in the erent of any breach ef this 1,lortgaga or dz'au'r on th~ ~art of the 6!ORTGAGOR, or {b) in tha event any of sa'd sums of money
!:.rein referred to be not pro~nptly ar.u luil/ p:,id w~~tiin Ihirry {3i) d~yi ne.~t airar tne seme sevcra?ly become due and payabte, withoui demand or ~oticc,
or {d in tha event eacfi ar.c~ every the stipu!a}ions, agrecmcr.ts,' cen:iitlons ar,d co•renants oi sa.J pro~nisso~y nole and Ih~s rt:ortgage any or either are nof
' ~vly, pron~ptty and f~;;y perfarn;o;#, d scF~arg;d execute:!, effectrJ co,np!ete~, cempi:rd vr~ih a~d abi~i_c1 ~r~, then in either or any such event the said ag•
gregate sum mentbned in sa~d pro:n~sser~~ no!e tiien ren,ain:ng w;Fa;d, •.vith interest au~.;eJ, and all moneys secured hercby, shatl 6ecome due a~d pay-
ab'e ferthwith. or therea~it~r, at th~ c~!:un ~f s,~d h~~R1GAGEE, ay fuily a~~ ccrnuiete:~ ~e; il all of ~i~c said svms of money ~vcre originally sl~pulated
fo be p,i.d o:~ such cl.:y, anything in s+u pro:n~ssory R:~te cr in thiz Mortgjye tu th: co=~!rary r.o~.v~thstand~rp: and thereupon or thrreafler at the op~~on of
said 1.10RTGAGEi, v.~vFo~t ror;ce c.,- d~•~n~cd, suit at or in e:;~.,ity, ~hcr~f~~a cr thereaiter begun, may Le prosccuted as ii all moneys secured hereby
had m~tured µr~er to i~s i~s~i!ut~on.
7. Thaf in thr event th.~t ai-tha '~c9inn ng of or at any ti,n: cend~rg any su~! upon ~his A~~rtgege, or :o foredose if, or to reform if, or to enforce~
, payment of any c~3~ms h_+eu~:ci_r, sa:d .'ORT;i.,G~_ sha:; ,=~>pSy to tf~~: Couri 1~3:~rg ;ur~sc! ction thercof for th~ appointmenf of a Receiver, such Cour1 shall
Forthwirh apE?p~nt 3 r~C2ive~ ef s~`d ~~e:tg3y_d pro~._r~y a;~ a~;d s~r.3ular, inc~ad ~y a~i .~•,d s~~r_~u'ar ti,e ir.come, F:ro(~ts, issuas and re~~enues from whatever ;
_ sovrce dcriv~~d, each and rver~ of ~,hch, i! Lel,y e..f%rc•ss!; ~ndv:ssoacL l~er•:oy r.~c<<_~aged as if spec~ficalfy set torth and descrltxd in the graMing and ±
hab~ndvm c~avses hereef, ard s~~ch R~~caiver sh,~l. h~v~~ a?! the broad ar:d eifrc':~e f~~r.c~ o:~s ,,nd po~ven in any~v~se enuusted by-a Cou~t to a Receiver, and 4
such appoinrment shsl; i~ m~Je b/ svch Court as an e,:lr.,itred ~qu;ty and a n.atrer oi ahce!+,te r:ght to sa~d N.ORTGAGkE, and vvithcut reterence Jo the : (
adequscy or inadegvar~ of tha va?ue ef tL+e proporty rr.ort~accd or to thz so,w_ncy or ~~,so'.~:ency ef said R',ORIGAGOR or the de(endanl5, and that such
~en~s, profits, incomc-, issves and reve~:ues sha11 ba appi~ed by SI~C}l Rec=iver ac:4td:r:3 to the lien or equity of said R10RTGAGEE and !h~ praUice of such
Court.
- 8. To dv!y, p~cmF,liy and i~t!y f.erlo~m, dtsch~rge, exec~te, effe:t, co^-~p!ete, cc~„~;1~ ~vith and ab;de by each and every the st~pulalions, agreements,
conditions ar;i covenanss in sa,d prom~sso•y not~ a~:d th;s mortgage s~+ forth. " - ' ~
R_ Tt.ar st:e event th. ownenh:p of the m.ortasged pr~~mises, er any part thereof, 6eromes vested in a pe~scn other ihan the MORTGAGOR, tha
A'.pRTG.4GEe, ~r; svcc~~sscrs ar.(3 3SS;~r:S, ~:`3J, v.:+heur na~;ce ;o the 't.02iGAOR, deai w:ih s:,ch suco~ssor or wccessor in inrerest wiih reference to this ~
n;o•ig3yc ar.~1 ;ne ci_ut i;~~reby se:u~ed ~n the same rnar.ncr as •.ti•i~h tAt:rtgagOr w~thOUt in any v:ay vitiating or discharging ihe f.lortgagorS' liability here- s
' w~drr or up~n tn~ d~~bt h;reiy s_,er.~ f:o s3!c oi r.re+r.[s=s herebv ~aor!gagzd tr.d no ie:hearance on th~ part u1 ~he /,iORTGAGEE or its successors ~
i
or assi~~•:s a~:d :~o et~ens~~n eE nc~ r,:,.: ic~ rhn c~y;r.ent oi si~•_ dc•bs hercl~y se.:ured giren t~f ~he ~AORTGAGtE or its successon or assigns, o~ia11 operate
to re!<ase, d:schatge, n:od:fy cha~:ge or affecr !he o•+~~r.ai 7~aiii~iy oi ~i;e t:,OnTGAG~7k here~n, either in who~e or in part. . _ ~
10. It is s~.ec:ifc~i;y an~~ c~d tt,a: n•ne is oE t?~: esse:~te of tl:is cen=ract zr,d tha+ no ~vai.~er oi an} o~ligat7on hereunder or of tho obligatipn se- ~
eured hareb~ shalt at any ti~r.e thareaiter be he:d to 6^ a wai:er of th± !z:~r~s her~oi ar of the instrumeM securrd herby. ~
lI_ In a~i:f r,- ;.o it:e i~:_-:~e',,; -.;~t}r~ ;:.~~:t:en~: oi ~-•~n~ p=+ and ~~,fe:csr rz-;v •cd by 11~= pro:n~sscr~ no!e sec~red hereb~, mortgagor covenants ~
ar.d agrees to pay ~o r., r!ga_,ec v.;~h ~~=~_f: ~~.:~;5~ y,:~~• -c::t an aJd.r~c.na; s~•~~ •=s~ •~,~!rc! b~ mertgage= to i.~e eq~al to 1: 12 of the annual cost of the follow- -
ing: ' ~ h
~
A--rt!' reaf ~:cr.,,iy fa.es :<~n~ ~ or ass_s~:r~: ag,:•.n: 'h= a?~o:e das_,;~~_d r_j': ^s!~t.~. _ ~
6-Fr~n:::,•:;s o-: f~:~~ ~:~d ,v~~:ditor~+: ins:ts3r:c~ =5 h._-ein r~q~;red to be car:icd eci ~h_• Sm::rov_n;e~ts situate on tha above described premises. ~
C-P!@•Li~,~;r'S e~ su_h n,:~c:,^_..• ~v>r::nry fnswa~;e as n;ettga^yee shai~ fro.*• c^,c to r.me dc•em fit to carry on the loan securQd hereby. ~
A~.ortgagee sha't ~rom ti~~-~ ta t~:r•e ~ct;f; n:est.::;~-:r :n ~•~r~t;ng o{ the a~r.o~•;t ciue and payable hereundar and wch sv n shall ther~upon be due and
E ay~n:e oiT sh_ d:e oar•~ oi tne a-..t •;~o~•^'; ~_ay:~:<n! a~:d e~ch zucc^ssir•e mo~th tl~ereairer ur.ti; mortgagee Shall r.otify mortgagor of a. change in such
emovn}. Suc~ surrs si:,;! a;:f,,~~_d c,; mn~!gz~~~e tc:.a•d :ne pa~r::,:r.t of rea! greperty taxes, insurantc prem:ums, and mortyage guaraMy insurance
r~emi,~r.;s. ~ - - . ~ - . . - ~ . : . ~
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~ 1"1 1'J:TD.E55 ::NE;t~OF, r':e sa~d N..~;iGAGC~ has nere~~to set h~s h:~,d ar.d se~? if,e d>_y and year first aforesaid. ~ ~
- Signed, Sealed ar.d deivere~ in 1he preser.ce of: , r^ j / JA ~
. ~ i t L`u a ti:: 'r. ~ L v 1 v c v L-?J~i.,2-,,a.. ~-J ^~~f vvit '
T-- - lUC1~ ~OUHTY FLA. 1•; ' l.iam B. P 1 r ~a~ ~
- _ ~ R{;~:, f~l?~A$ -(Seal) - 3
~t =vr Ci ~G!.ili CQURT ~ ~ • ' . j,i . , .
- - - ~G: Ctl~:!~ Y i? = Ir l " ~ T(~ ~LL-_(Seaq .
- - atrici~ . Palme (seap
1 - 5
I ~ ~ Q t ~7
STATE CF FLORIDA MAY J ~ 79 P~ 1~
COU'JTY OF ----St . Luc ie - _ 1 a.?i~C~ ~9~
i Be.`cre m: p>rsar~?i~ a~perred` ----~--~.?illiam r'i •--p2~.[t1eT-- - and
_~n 1C la . k,_~~ ~.tlIQT _ his w~fe, to me x•e!t kno~.vn ar.d kr,ou:n to me to be
the indivld_~a's de~.rl:~~d in ~^3 •,,F.o exe:_'~d :fi: fJ,-eyo~ng instrumFnt, ar,d ackne::`edged before me that tFey executed the same for the purposes ~
there;n ex,.ress_d. lar,d th~ sa:d-__ ' ~3tT1C1S Pa.lmer
r:ife of the said _ ~allll<3ii1 P, . Palmer , ~pon a separate and private
exam nat~on 6y m> ta~_n s•,para~e ard apart frem her ~aid husband, ackncvr~edged to and before me that she executed said instrument freely and vol~n-
~auly ar:d v~~tho~r any co-r.pu:s~on, cers+ra;r.t, a,r,preh> s;o~, or fear of or irom her sa+d husbaad. ;
~vtir:~ss ~,y har.J e.^.d official seal ~h[s---~~~ day o. ~1a + - , A. D. 19 75 F
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a
. . i~~bLL'V
~ riotary PubGc ir. and for the Stat of Florida large
_ My Co^im~ssion exPires: s
Re;um io: • n s'~ ~
F:r>1 Federal Savin3s d loan Asso:i:to~ . (Gs ~ i
Oi :ort ?.e;ce. _ ' ~
fort Pi~_:c~. F!o•idj - +
- $
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This Instrument Prepared By Gary F. Ellwoocj v f:'- F ~
- First Fedetal Savings 8~ Loan Association - _ ~ < •j. . - ,
of Fort Pierc~ F l~r i da _ p R : _ - ;
: ~ . ~ • . . ~
- $QO~,?.~ P~~-~9~ = :+:f::~j- ~ - ~
Checked By - ~ ~ _ - ; .;;~s ,
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~ - ~ ~ ~ - . ~ ~•.tS~>>_, `fr ~ ~
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