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3. To plate antl tontinuously keep on tlie bui!d~r•~i no~v o~ i;ereafier situ:itJ on saicl ~and and on aii equipment and panonally covereJ by ihis mo~lg-
epa, v~ith all prcmiun~s Ihereo~ pa~d in ful+, fu~ inwrenc~ in Iha ~s~~l sroi~dord ~.o!;ty form, in a sum e~:pro~ed by Ihe Mt7R~GAGEE, and windstorm_? '
inw~an~e in tha usual u~eifard pol:cy loim, in a w~n appruved lry the MQRiGl~GfE, in such company or companies as the h1URTGAGEE may_.,;,
dirE-c~; a~~d all iire a~~.d .iirels~enn insvra~~ce po~~c~~~s on a~iy of said trui;d,~ujs, any intcresl Iherein or cnrt Ih~~reof, in ihe a99reyate sum aforuS~id or
in exczss thrreo(, shail co~~tai~i iha usuai sta~,dnrd mori;igee c~ausa or such o~her ciause as Iha hlerua~gea niay reqwre, mak~~g q,~ loi~ undcr :a~d poti•''"
ties, each and _very, p.~yab'a b said ,\1~Rii:u:>G~f as ~h int~r~sl n:ay a~~prar, a~~d eaei~ a~~J every svch po~~cy sh,~ll be promptiy assgncd and delivared to
any he:d by said t~0~lGnGEE as (urih:r s:cu~~ty to saicl n;u!tgigr dcb~, a~+d, ~ot less ihan ten (10) days in adv~nce of the eapiratlon al oacl. pollcy, to de-
Gver Io said A10RiGAGEE a renrv:al Il+crcof, Iogeth:~ nith n rete:p~ for th? prc:n~um u( such rrnewal; and Ihera shall ba no fire or winJslo~m insuranca
placed on any of sjid b~~iiJ~nas, any intcrest Iherain or pa~t ih~r~~~f, v~+!csn in ~hr (crm and w~~h Ihe Ic.ss ~:ayable as aforesaid; and 7u the rvero any sum
of mcney becornee payabla ~nder sucli policy or poLcies sa~J IAORTGAGEE shaH iiove ~he op~~on to receive a~id apply Ihe same on ac<o~~M of the indehted-
f1ZSS secu:eJ hereby O( IJ GCtn~it S3iC; j.1Uf~1~i!~VV~S (U f::Ci'iv~ u~;c~ USC it O~ d~~'~ i~~,~l 11i!~f~'A~ tilr Oi~l.:f ~:~~~,.CS~S. ti'~~I~IO~t II~:~iU.• tv3~'.i:l~ Cf ~ii~~~i~- r +
ing any equ~ty, lien or r~~ht un:ler or l~y virtuc of Ihis mortyage; ar:d in Iha event s, d htGR1GAGORS shaU for any rcason fail to kce~: Ihe said premisas so ~
inwred, or fail fo deGver ~,rornptty any of said F:ohc«•s of`+~su:ance Ic safd h10RTGAGt[, o~ (a~l promptty to pay fu~ly any premiu:n ihe~etor o~ in any
~espect fail to pertorrn, dlscF~arge, ekewte, e:f(eci, con~p'et~l::,r;}:~y w~~h and ahide by ih~s eavena~;t, o~ any parl hareof, said AtORTGAGEE m~y plaee and ;
pay (or such insurance or any p~rt thtvccf without •,vei:ing or afFecting any optien, lien, equ~ty, or ri~ht undcr or by virtue of th~s t.1~~rtgaJe, and the ~
iull amo~nt of ca,h anJ c~ery s~~ch pay~,~.~nr shall 4:e immcdiafely due ard j~a,oU!e and sl,all btar intc~rst from th~ dafe Ihcrcof until p3id at the rate ol j
' nine pc• cenru~n F:cr a:~m~.:~ ar.d ro~_~t:~•r •.~~~Si svih in~c~i•s? shali Ix s•~c~re.# by 1he I~en of this mortg~yc. ~
J. To Fe~mi~, cvri:m~t or suffer na was!a, in,pai~manl or detrriora?~on uf said pr.,perty or any parl thereof. ,
5. To pjy all and singular the costs, charges and expensrs, includ~ng a reaso~~ab!e attomey's (ee and costs of abstracts of title, incurred o~ paid at
any tin:~ by sa;d A10R1~•AG~E, Lecsuse or in ihe e.~ent oF tt~~ f:.:lure on tlir parr of Ihe said h10RiGAGOR to d~ly, pranpt~y aiid (uUy perform, d~scharge, '
' exe<ut?, effec~, cc~ny,!eto, compty ~v~Ih ~nd ab::le by each and evcry thc stipulat~ons, agretrr,ents, tondil;or.s, and covena~ris oF said promissory note and this ~
mortgage any or e;thrr, ar.d sa[J tosts, charges and expensas, each and eve~y, Shai{ ba i~nined~ately due and payable; whether or not ?here be notice dc
mand, attempt ~o co:hct ur suit pend~ng; and tiie futl amount oi each and e.•ery svch p~ymem sh~ll bear iNCrest irom Ihe date thereof until p3id at the j
ratc a' n~re per cen;u~n E.•_r an~~v:n; anc! ail sald c.~srt, cha:grs and ex, e~~srs ;+:cvned cr pa~d, toyafFer ~v.th svch iMecasf, shaU be secured by the lien of th~s
mongage. ;
~ s
6. That (a1 in tha event.of any breach of thls M~~tgagc or defautr on ti~e part of th~> h10R'GAGOR, or (b) in the event any of s31d wms of money ~
herein re(errad ~o be ~~ot pren,psty and fully paid wi+h~n ~huty {3J) days next after ihe san:e seveia;ly tecome due and payable, withou~ demand or notice.
or (t) in thr e•~em cach and every ihe stipuiations, agrecn,ents, cor.d;tio~~s and covenants ef sa:d promissory note and th~s morlgage any or either are no1 €
~uly, promptly and f~lly perfurmed, d s:har~ed, arecuted, ~iFectc~d, to~:i}:set_•d, co:npi:ed w~th and ab~~ed tiy, then in either o~ any such event the said ag- ;
- gregat~ svm mentioned in said prom~ssory not~ ihen remaining ~r.pa~J, with in~cre>t accrved, and all mo~~eys secured hereby, shall become due and n:y- i
ab!c torth.vith, or thereaitcr, at ~he e~~t~o~ a` s3id AlORiGAGEE, ac (uiiy and comN;etely as if atl of thz said sums of money were or~ginally st~--.~fated ~
to he pa;d on such d~y, anythi~~g in sa:d ~;rc•n:ssory notc or in ihis 1.5•r.tyag.~ to fhe co:irrary not,v:thstandiny; and Ihereupor. or thereafter at Ihe option of i
said K,ORTGAGEE, wrt},out noro_ or dema~d, sv~t at lav: or in e~uity, thcrefere or It~erea(trr beg~n, may be prosecuted as if all moneys Secured hereby i
had marured pnor to ~~s institut~on.
- 7. TF.at in the ev~~nt lhat at thz hc9inniit~ of or at 3ny titrtz p~r.dlr.g any suit upon this Mortyage. or to foredose if, or to reform it, or to enforce '
paymCnt uf any c aims hareunder, s.+~d h:OkiGAG`_E sh,~;i ;pply to th_ Ceert h:virg j;,~~sd:c~~on :hercrof for the appointment of a Reteiver, such Courl shal)
fortF.~tiirii ap, oint a rece~~.rr o! s:;~l mertge~eci property ~!1 a:;d s~~~gul;r, ~„tI_J ny aH and s~nyllar the incon;e, j~roi~ts, i~sues ar,d reyenues Irom whstever
- so~rce derivc:t, eaci~ and erery of .vh.ct~, b~~r,g Ci~xCSS?y unders~ood. ~s t.E-rcL~~y'mav~gaged as if specifica~ly set forth and described in the granti~g and -j
}73Ft~iC{U'fl ciaoses herco`, a~:d i~tn Recei:e: shai! ha~:e alt th=_ L•oad a•:d efiec~~~:~ ivncs~o~is and pav:ers in any:vise eMrusled by a Coui1 to a Recaiver, and r
such a; pointme:;i SFIdII ~C ~n3dr by such Court as an .;d,nilti-d equity ard a mstter of absutute right to said A',ORTGAGEE, and vvithcul re(crence to the
adeyu;cy cr inadt•quacr of the va:uc of tfi~ prc~crty mortgaged or to ~':e so~~~r:xy o• ~~~so~vency o( said /10RiGAGOR or the defendants,.and ~ha1 suth ~
- ren~s, profirs, income, issves and cever.ues shail b~ aE:pl~ed by such Rec•_~ver accord~ng to the iien or eyuity of said ~~10RTGAGEE and the practice of such ' t
Co~~rt. ~
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.s
8_ To du!y, ptOr.;~;t:y ar,d fu!ly perfornt, d~scharge, execute, effect, comYlcte, co•~~t~ty w~th ancl a6~dz by each and every the slipulations, agr>ements, t
.
tondiGens and covenai~ts ~n =_a~:l prom~ssory notc ar:d ~h~s mengagc srt forlh. -
9, 7hat in the e~~c:~t ~h~ ov:n_rsh~p of f1:e m;:r!ga~ed premises, or arry part ~hc~eof, Lecomes vested in a person other than the /AORTGAGOR, the
A1QRtG4GEE. ~ts svcc~~s:~rs ~~:d ass~~i~s, i~~3y, .v;~hact rcct~ce to 1he `:OR~G..OR, dea! tivi~h such successor or successor in interest with referente t~ this =
mo:tgay^ and tF,~ d:i:i hrri~by s•~cured in !he sa~~e r~:a.~ner as ~v~ih 'Aort~ag~~ without in any way vit~ating or d~scharging the Alortgagori liability here- ~
under o: vpon the d_bt i~:r_i;~ secvred !'.o s~'e cf t! a Fre:r.+ses hereby n<crtgaged and no (orbearanta on Ihe part o( the !hORTGAGEE or its successors F
or ass~gns and no extens:c~ ef shr. ~;:ne i~.: nc~~.~~n,e„t of tn.~ drbt h:~ref;~ sec~red g~ven by the R50RTGAGEE or its successors or ass:gns, ahall operate j
to re~easc, d:scn~:ge, mocJ~fy change or af(ect the c:~g:~~.:! Iia;;~'.ay of !ee /:,Oi:TGAGOR i~erein, either in whole or in part. _
_ ' tQ If is sF:ec:E~:~i:~ ag.e~d tf~~t tiTe is ef th^ esser.c> of t}•:s contract and that no waiver oi any obl~gation hereunder or of tha obtigalion se-
tured hareby sha:t at ary ti•r~e thereatter o~ t~c:~i Io ~c a x•ai+r: oi t}:~ ±erms hercof or of the insfroment secured herby. ~ j
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Il. In ,;:ia!tc~ t~ tne forega'r.~ n•ontii'y s»y~~:~;,+s ~1 E.ri::cp~~ and irterest requ~:^d by tEi^ promssory ~o'e secured hereby, m~rfgagor eovenants
_ ar,d ag:ce> ta ~ ay to n:o•r_>>r;ee v.;+h ~acl, ,~,~.n•h€~ ~;~,.,;~,;t an ad3:~~on3•. sv~:~ • sr~~~atec~ by ricrtgagee to be eq~ai to 1;"12 of the annual cost of the follo•,v-
in9~ _
A--A•.•. r~31 ~,roperty taxcs "a:~ed o: a<_;esc•:d d~3i':5~ ihe ai~e:~ cie;crib<d rt-a! es?ate.
~ 6--Pr,~~r.lv•-s en iire a~t;1 v: in(IStJt:n d~:SVru~ t•t .:s ne~•>;n r~q•~'.ed to i~? tartir d o~ the imrtOVCmc~ts situ3te on th_ above d~scribed premises. i
C-Pr~mitrms on svch m~rt,3~gg y~~t3nty :r.;u:dn~e as mort~agee sha:l fro:r. t-me to sime deam fit to carry on the loan secured hereby. ~
1_
T;fortgagee sh: 1[rc~n to t~,:~ r,r.:[f; me~~~: gor [n writing of the _::•o_~r,! d~c and payab!z hereunder and w_h su-n shall thercupon be dua and
payah!e an !he d~.,e c:te ef ~F,, ,~exr ~ioa+h!~ y,ayn~e~,t ar.~ e~cL• s_~:cez>ive ~r.or~~?~ rF.z~r~alt~: ur,ti~ mcrtga3ee shali ro7ify mortgager of a change in such '
ameunt. Svch sums sF~:E b~ E~"ied by mc.r9;;~_~ to::arc! ti,~ payment of real property taxes, insura~ce prem;vms, and mortgage. guaranty insurence
p; e!r:iurt~~s. .
IN ~lIT~IE55 4JtiEREOf, tF.> said 1.:ORTGA~G~ I~35 hereunto set nis hard and seai thr day and year first aforesaid.
Signed, Seated ar,d de~ivered in the presence of: 7.~ ~
(Seal)
~ A1 heu s Forbe s - ~~ai~
- - - _ 4~C~1'/_~~lti ~Y%~~G.~ (Seap j
Idella Forbes t~a~~ ~
$TATE OF flORIDA ~ ~
~
St. Lucie
COUNTY OF ~ :
Alpheus Forbes ~
Before :r~ persona'iy apcezred - +
and
_ IC]@lla Forbes t,is viife, to me weil known ano ~.nov+n to me to be
th~ ir,d;v~d~a'.s descric_d in tr.d vrho _exe~v!ed the forego~rg instrument, and ackra.v;edoed before me that they executed the same for the purposes
therein expressed. And tha said Idella Forbes
_ _
wife ot ,?,p Sa~a AZpheus -Forbes -
" ~pon a separate and p!ivate
examlrat:on by me te'.<-_n s~pa*ate aed apart from her said husband. acknow;e~~ed to and brfore me that she execuled said instrument freety and voluo-
_ ta,-iiy and w7thout ary ce^ipuSsion, co~~straint, apprehen :cn, r fear of or irom her said husband. '
V~13NEj5 my hard ar.d offic;ai seal this_~~~ day of a ~ A. D. 19 ~
. .
f~? :
- otary Pubtic in a~d r t e State f Florida large _
- 111y Commission expires: ~ ~ -
R.e:urn To: ,.,,i~
; +
- First Federal Savings b Loan Assotiauon f~~E~ ~t ~ J / 7
Oi Fort P:erc~. ST.~`JLI: ;~UN ~~~F -
Forr Pi=rce, fle~ida - C(F:,,.~,~ ~i+%:' ~ F~A - -
`rC.f. , . ~ ..,~1ET ~0 ~ ~ ~r~ 5 ,
. ~ - . ~ %~"t LR ._~J~C, - ~
This Instrument Prepared By .7ohn k', Collins Mar 11 ~ 04 p~ ~ '_~ZQTaIqY•.
First Federal Savings & Loan Association . TI; ' - : r
of Fort Pierce , F lor id a ~ ' ~ _ ~ ~ . ~ ~ " _ ,
. ~3~~~~8 pve~.t-c
'r L,"
Checked By ~ ~ - - . . ~ .
-i. ~ j. `
- ''i~ x~sf~~r~• '
F.
? ~~/I , r : . 3
~OOK~J9 PACf ~ - - , - _ ~
. ir- - ~360 ~S -
~ . ~ . - . 1 ~ ~ ~ ~
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