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3. To place and conlinuouily keap on the buildings notiv or harea(~er ~itualo nn satd tan~ ar:i on atl equipment aad pe~sona!!y covered by ~hi: mo~lg-
• ege, with all ct~~~~iv+ns Ihereo~ peid in full, firo inavrance in Ihe vs~~al stai~dard policy torm, in tum approvtd by the 1,10RiGAGEE, and vrindsta~h
(nsurance tn tiia usuai s?andard poGty (orm, in a sum approved hy th~ hICR1GAGEE, in ~uch <ompnny or ccmpnntes as the AtORTCAGEE may . L '
dtreclt end all (Ire and windstonn insurance polit;a~ on any af sa~d bui!d~ngs, eny interesl thereirt o~ part thereof, In the aggr.gate tvm alaet~id or ` !
i~ exces~ theroof, fhall contain ihe usuyl standa~d mortgagee-clause or i~ch othrr c!auso es ihe Mortgayee may rcqu~.e, ma~irtg Iha loss vnde~ said poli- ; f.~
cie~, each and every. payable to ecid MORTGAGEE as its interas: n~ay ap~ear, and each and e~•ery such polity shall Ix promptly ass gned and delivered to 4!,
any held by said h1~JATGAGEE es f~rthor s~c~rify to satd ~rort~age debt, and, not less than ten {10) days in advanca oi the oxpiration of each policy, tu de-
liver lo said A10RTGAGEE a rene~•al thereof, lenether with a rece;pt f~~ the premi~m af such re~ewel; and there shall ha no fire or winds~orm insurante ~
plated on a~y of said b~ildings, ~ny SntPres~ therein ot part Iherecf, untess in the torm and wi~h the loss payable as a(oresnid; and in Iha event any aum ;
of money becomt~ payabte u~der tuch policy e: policies saiJ MARTGAG~E shall hava the option to receiva and e~+ply Iha same ai atco~nl of tha indebted• ?
~ess eetured hertby cr ro pe~mit ~~id M0~2TGAGORS fo rec~ iva and use is or any ~ar~ thercol for other pucposes, wi~hovt th~r.•b~ waicing or 1n,pair- #
tng an~ eqvity, lieri or ri~ht undei or by virhia of Ihis morlgage; and in the evenl sa'd h1~RTGAGORS sha!1 for any ?eason fail to keep tho said p~emiszs so ;
Insuted, or (e(I fo delivcr promptty any of said politiAs of !nsuran:e to srSd MURIGAGEE, ~~r fiail promplly to pay lully any premium tha~afcr or in any `
respecf (ail to perform, discharge, exec~le, af(rct, comptete, comply wiih a~~d abide by this tovenan?, or any parl hereof, said MORTGAGEE may ptace an%f ~ r`, ~
pay (or such insurance or any parl thereof without waiving or a(~e<tinq any op:ion, I.ien, equ~tY, or right undet or ti/ virtvo of this A1orlgage, and tht •
fv~l amc+unt of cach and overy sv:h paymenl sheU 6e im~nediately due and pay~ble and shalt bcar interest from 1ha data thercof ~niil paid at tha rato ot ' ~
nino pet centum ptr annum and to~ether •n•ith such interesr shall be secured 6y tha t:en.of tk~s mortgage. ~
4. To E,ermit, commit or suffer no wasfr, impairmeM or deterioration of saiJ property or any pa~t thereof.
5. To pay all and singular ;he costs, charqes and expense~, including a reasonable atiorney's fea and costs of abstracti of title, ir~curred or paid at ~
any timo ~y said MORTGAG:E, because or in the eve••i uf tt~o fa:luro on ~he part of ~ha said MORTGAGOR to d~~y, promptEy and fufly periam, d~scharge, ~
execvte, etfac~, complete, comRly w~~h ar~d abEu'~ by each and every the stipulat~ens, agreements, cond~?ions, and covenants o( said promisiory ~ote and ~his
mortgege any or eilher, a~d said costs, cfiargt~ and expenses, each and every, shatl ba immediatety dua and payable; whether or not there Ix notice Jr `
mand, attempt fo col~ect or suit pending; and the fvll amount of each and every svch payment shall bear interost irom the date thereoF un~ii pa~d at the j
rat: of nina per ccnt~m per ani~um; and ail seid cos~s, cha:ges a:id eapenses i~tus~ed or paid, togtther tiv~th svch iroe:est, shalf be sewred by Ihe lien of Ihis t
- mortgagz. _ . ~ - ~
~ 6. Thal (a) in Ihe event of any breacF of this M~rtya9a or default on i:~s part of the MORiGAGOR, or (b) t~ the 2vert any of said s~ms of money (
, lierein referrecl to be not promptly a~d fvtty paio within lhirty (3C) daps rtex~ affar ehe same several~y become due and payabSe, wi~hout e~tmand or nofice,
or (c) in tf~~ e~ent each and every the stipu~ations, a~reements, condit~on$ antl covenan;s of sa~d promissery nole and Ih~s morlgafle any or eilh:r a:e nol
july, promptly and fuNy performed, d:schjrged, exewreJ, effected, co:npletrd, complied wiih and abided ~ay, then in eilher ~r any such eveM Ihe said ag•
~ gre~nte sum mentioned ir, said promissory note thzn remaini~g unpaid, ~viih imerest acc:ued, and all moneys sec~red hereby, shall bacome due and pay
~ able forthwith, or Ihereafter, at the option of said h!ORTGAGEE, as fully arxl comp!etcly as if all of ~he said sums of money we?e origintily sti;,utated
fo be pa:d on wch d~y, anything in sa:d prom~ssc+ry note or in this h!ortgay~ to the comrery r,olvrtfistanding; an~ the~aupon or thereaftor et ihe option of
seid N10RTGAGEE, w:thovt notice or dema~d, suit at iaw or in equity, thereforc or therea(ter bagon, m0y be, prosetuted si if All money tetured hereby
had matured pnor to its ir,stitution.
7. That in 1he evenl that at the beginning oF or at any teme pendir•g any su~t upon 1hls Mortgage, or to foreclose it, or to ?eform it, or to en{orc~ ~
payme~t of any daims hereunder, aaid 110RTG.~GEE shall spply to the Court h3ving jurisdlclian thereof (or the appointme~?t oi a Receiver, wch Covrt shall
f~rlhwith appoint a ~eceiver ot said mertgaged properiy a11 and sir.a~tar, inc:~dmy a!f an:~ sinevla: tha income, pro(its, issues ~nd revenues (fom whatever i
sowce darived, 'each aad every of wh~ch, it t?eing cxpressly undersiood, is hereby marrgaged as ii spec~{ically set forlh and described in the g~anting and i
habendum clauses hereof, and suth Receiver shaU have a!1 the brcad and eltecrive func!io~a and powers in anywisr. entrusted by a Courl to a Receiver, and
suc~ appointment sha~l be made by such Covrt as an admittec~ equity and a matter of rbso!;,re rdght to said MORTGAGE~, and wiihaut re(erence to the
_ adequacy or inadequacy of the valuv of fhe property morlgaged or to the sot~ency or f:isoivency oi said MOR?GAGOR or 1he defendar.ts, and that svch
rents, proiits, income, issues and ~evenues shall br applied ~y svch Receiver accerding to the lien or ea~ity of said MORTGAGEE and Ihe practice of suth
Co~rt. - ~ • _ ~
_ 8. To duty, prcmptly and fully periorm, discharge, execute, elfecl, complete, compty v`•ith and abide by each and every tht stiputations, agreemenls,
conditions ~nd co~anants in said promissory note ar.d this mort~oge set forth. . ~ - ~
- 4. That in ths event the o~l~nership of the mortgaged p:emises, or any part Ihere~f, be:omes vested in a Qerson olher than the MORTGAGOR, the
h10RIGAGEE, its s~uessors and ass+gns, may, viithout no~~ce to the 1~10R':GAOR, dea! w;~h such successcr or successor in interest with ~eterence tc this
mortgage and the debt hereby sec~red in the same man~irr as ~vith Aiortgsgar zx~thout ~n any way v:tiating or d~xharging the NSortgagors' lirbitity here-
on~er or upon the d=bt h~reby ~eci,red. ho se!e oi the premises hereby mortgaged ard no (orbearance on th~ part of the MO4TGAGEE or its successon i
or assic~ns and rto extension oF the time for ~F.r payment of the debt FerebY3etured given by the /hORTGAGEE or its svccessors or assigni, ahall op~rate
to relcase, d~scFa~ge, modify thar,ge or affett Ihe orig~nal I4ab~t~ty of the MORTGAGO4 Ferein. either in whole or in parf.
10. It i: specifically agreed thai tSme is of the esserke of thii contract and Ihal no wai~e+ af any obligation hereundcr or of the obiigation se- +
tvred hereby shall at any time thereafter kxe held to be a waiver of the ferms hereof or of tha ins?rumeM secured herby. ~
11. In eJd;tio~ +o th~ iwego'ng month'y.paym=nts of pri~c'pa1 and in~erest required Uy the ptomissory no!e'aecured hereby, mor'gago~ covenants ~
and a~rees to pay to mortgagee with each monthly payrnent a~ add~iio~al sum estimated by moctgagee to be eqval to 1~ 12 of the ann~al cost of tfie follow- ~
- ing; - , . ~
A-All real prc+perty roxes te•:ied ar assessed againsl thc abeve desv;bed rea! estate. - .
B-Premiuins on fire ar.d vrirdstorm ir.svrar.ce as iiere~n rec;v~red to be carr'ed on the improveme~ts situate on the above described premises.
C-Premivms on svc}~ r:or~3aga gaa:anty ir.sur-,r~e as mortgagee sh~ll frcm t~me to time deem fit to carry on the loan setured hereby.
RSortgagea sha!1 frem f~me to time notify morlgagcr in v~riting of tne amount due and payable hareunder and suth sum shal! there~pon be due a: d
payabfe on ~hs d~e dite of the ~ext fr.onthly payment and each successive monfh therea(te~ ~.:li! mortgagee shafl notify mortgayor of a change in svch
amoun~. Such sums sha11 be acc~lied by mcrtgagee toward the payment of real propert f taxes, insurance prem~ums, and r:~orlgage gvaranty insurnnce
premiurt.s.
IN WITNESS :YH~R~OF, th> sa~d h4CRTGAGQR has hereunto set his hand and seal the day and ye fir t afore aid. _
Signed, Sealed ar.d ~elivered in the presence af: ~A
,f.tl~t~ ~r.t~.~ F:r.ORDfD ~ ~ /l~
` ~T..LI~Ci~ ~~UNTY FIA. Cl~t' -(Seat)
R~;,~;; =oiT~nS Robert 'L. Tabor ~~a~~
ClEf:K :~F,.~JlT rn~}J~.,~ .
- Rcr,O~ _ yr ,c,~ '~O.A~~1~ l ~ (Seaq ~
~ ~.~v ~,~J f1 t 5 °~1 F. Tabor txai~ ~ ~
STATE OF FLORfDA ' g ~2 A ' • - -
St. Lucie ~ ~(~~~A t+~
COUh1TY dF - ~ 1L$L`?.~.~-'1. ! "
' Befo~e me personally appeared ~Ob@Y'C 1.. Tabor a„a ~
i~loel R_ Tabor his ~vife, So me well known and knov~n to me to be ~
the individuais described in and rn~ho executed tne foregoing instrumerit, and ackr.ow~ec:ger! before me that they executed the same for the pvrposea j
therzin ezpressed. And the said ~ ~10e1 F. Tabor - ~
Yiife of the ~~;a Rabext L.~, Ti1bOY - upon a separate arx! privste
examinat~oR ~y me iaken separate and apart from has said hvs6and, ackr:owtedged to an~ before me that she exr_uted sai~ i~stroment freely and volur~
tari;; and withoW any compulsion; consrraint, apprefiensio,n/ ~or~ fear of or irom het said husband.
- Y/ITNESS m~ hand and o!ficial seal th~s_~ day f - -=A. D. 19~~
. .
_ - ,
~ Notary Public in and for the St of Fbr' at larQe
- ' My Commission ex,qires:
Return To: _ ~Q~ 4 ~~j
First Federal Savings G Loan Association - . _ ~~G ~ ~V/ * _ -
Of Fort PEe:ce. - ~y' 3 -
3, r ,
• Foit Pie•ce, Florida _ ' ~
_ - _ - ij!' '~islj~l~'f'~~, i ~
. ~ _ -
- rUti: I%~ k
- - . • ~P :t~3 . ; _ i
_ ~ r. : ~'1 r?. c<'
This Instrument Pre ared B ~ ~ r~; r'~
P Y WiZliam J. For.bes ~~i ~1 ;
~ ~ `h ` '
First Federa) Savings e~ lcan AssQCiation ~ . - r. ; ;'`i =t r,~ ~ -
of Fort Pierce~~ RIo7[ xda 33450 - ~OOD~ ~E ~r~.rV { ~k ca _ { ~
_ ..r~ ~ +E~t' ,
Checked By . _ -
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