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3. To ~:1~o and tontinuou?ty keep on Ihe buildings now or h~-rea(ter ~ituate o^ sa:d lond c~d on all c<~~~p~~en~ ~•:cne~lY <-~verCd by ihii mo~tg• (
aga, with a!! p~a,3iiums Ihtreon p~id iiz (utl, fira insurance in tha ~swi stendard policy torm, i~ a sum approvad by Ihe MUit(i+AGEE, and wind~~orm
t~wr+nce tn the uiual siandard pol;ry tonn, in a wm approved by ~he h10RTGAGEE, ~n such <ompany or companies as the A10RTGAGEE may ~
direc~r end aii ftre ard windslorm insuronta policie~ on ~~bf. said build~ngs, eny tnterost thareirt or perl theraoi, in Iha a~gregete tvm ~lo~esald o~ j'z
. in excess Ihereof, shall contain tho vsual stendard mo~tgagee cla~so or such o~her clau}o at ihe Mortgageo mey requ~re, making the loss urder said polF !
cie~, each and every, payeb!e to safd M~RTGAGEE a~ its in~crrit may apprar, rnd each and every svch policy shall be promptly assgned and detivercd to rt-. ~
an~ held by seid MORTGAuEE rs fur~her ceurity lo said mart~aga deb~, and, nof lass lhon ten (IOi da;s in edvanct ol tho expiration oi sach peiicy, to de•
liver to aaid MORTGAGEE a rtnewal thereof, toge~her with a ~:ce~pt for ihe pra+nium oI such rent~val; and Ihare sha8 ba ~o i~ra o: windeto~m tr.surance
ples~d on any of s~id build~ngs, any inte~est there~n or part lhereof, untess in ~he (orm and with Ihr loss payable as atoresatdj and in the evenl any sum
Cf money betomes payabte under iuch policy or policies }aid MORTGAGEE shatl have the option to rrcAive end apply the samo on atcounl oi tha ind.bfrd-
neis srcvred hereby or to permit said MC~RiGAGORS to receivo ~nd usa it or any part thereof tor uthcr purpose3, r.~~houl :h~reb~ +vaivi~~g or ~mpair• _
Ing any equity, lien or right under or by vi:lue of th~s morsgac~o; end in Ihr eve~t wid MORTGAGORS shatl for any re~ton fail to kaep Ehc said preinise~ io
insured, or fail to dtliver promptly any of said policiet af in:uranca to snid h10RiGAGEE, oc fail promplly to pay tully any pre~~ium the~efor or In any : _
reepecl fail fo perfo~m, dischargt, execuie, e(ietl, compteta, ~omply with and abide by this cuvcnnnt, o~ any part he~eoi, s~id MC3TGAGE£ n~ay place and ts ~ ~
pay (or such insurante or any part there~f without waiving o~ eHectiny any uptio~, iien, equity, or right u~dar or by virlue of this Mort~age, and the , !
full amou~v of each and every svch payment shall be i~nmediately due artd p.,yabl. end shail bear. interest from tha date thereoF until paid at the rate ol
_ nine ~cr centui~~ per ennum and togelhe~ with such inte~est shall 6e secured by !he fen of th~s mortgage. , .
4. io permit, commil n~r w(ler no wasfe, Impairment or dote~iorolion of sa~d property or any part Ihereof.
- 5. To p~y atl and singular tne coass, charges and expenses, including a ~easonable a?rorney's (ee and costs of abslrrcts of title, incurred or paid at .
any time by said MO?21GAGfE~ kxcause or in Ihe even~ of tho failure on the part oE the said MQRTGAGOR lo duly, promptly and fully partorm, d~scharge.
execvte, etfetl, complefa, compl~ with and ao:~+e by each and every tfie stipu~ations, agreemoMS, conditions, and tovenants of s~id promissory i~ote a~d thi~
mortgsge any or ei~her, artd ~a~d cos!s, :harges and_expenses, each and e~ery,-sha~l be immediateiy due and payable; whethe~ o~ not thero be notice de~
' mand, attempt to collecr or suil pand~ng; and tha full amount of eac~ and evcry svch payment shall bear intere:t frem the date thereof until paid el the
tate oi nine per cer.tum p,:r annu:n; and all said cos~s, ch:r~es and e,c~enses incuired or paid, togethe~ .v~th such imerest, shall be secured by the lien of shis
- mwtgage. ~ • ~
3. That (a) In 1he event of any breach of this Mortgage or detaule on ttr: part of thc MORTi,AGOR, or (b) ir, the event any of said eumi of monay
herein referred to L~ not prcmptly ana fully paid ~vithin ih~rty (30) days next ai~er ~he san,e severally berome due and payaole, wiihout demand or notice,
or (c) tn the event each and eve?y the shpulations, agrePmenls, canditions artd cove~enis of sa~d promiasory rtote and this mortgage any or eilher are no1 .
iuly,_promptly and fully performed, d~scF.atged, executed, effzcted, comp!eted, complied wilh and ab3ded by, thett in either or any such evenl Ihe said ag- -
gregate sum mzntioned in said promissory note :hen. remaining unpaid, ~vith i~~te:est accrued, and a1f mo~eys sec~red hereby, shall becoma due and pay
abla (orthwith, or theteafter, at :he option of said MORiGAGEE, as fully a~~d completely as i( all of the said sums of money were originetly st:pulnted
lo be prid _on such day, anythi~g in sa;d promissory nate o~ in this Mortgagr fo the cororary notwiths~anding; and thereupon or thereafter at the option 41
said 1AORiGAGEE, witkout notice or demand, wit at !aw ur in equity, therefort er thereaiter begun, may 5e prosecuted as if a~l moneyi sewred heteby_ .
had matured prior to its Enstitution. - _
' 7. 7hat in ihe .:venl that af the beginnt~g of or at any time pending any suit upon tliis hlorlgage, or to foretlose it, or to re~a~m if, or to enforte
payment of any daims hereunder, said MORTGAG~`.E shafl apply to the Court havir.g jw~sd:ctio~ the~e~f for the appointment of a lteceiver, svth Co~rt shal)
forthwifh appoint a receiver of sai~ martgaged property al{ an~ singular, inclvd~ng,a~! and s~ngular the income, profirs, issues and reve~ves irom whatevbt
source derive~, each and every of which, it being expressly vnderstood, is Aereby mo~Igag~d as if specifically set forth and deitribed in the granting and
i haE~endvm clnus~s hereof, and wch Receiver shatl havz all Ihe bcoa:! and ei(ective fun<~~ons and povrers i~ anywise entrusted by a Co~rt to a Receiver, and
' wth appointment shall be made by svch Court as an admitred equ~ty a~d a~natter of absol~te right to said MORTGAGEE, and withoul teferente to ihe
~ adeqv.acy or inad~quacy of the va[ue oi the property mortgaged or to the so~~~ency or ir.solventy of said h10RiGAGOR or the defendants, and th~1 such
! rents, profits, income, issves and revenues shall be applied by such Receiver accordu~g to the lien ot equity of said MORTGAGEE, and Ih@ practice-of such t
Court. _ . _ - -
8. To duty, premptty and fully per(orm, d~xharge, ezetute, effect, complete, co,r.p;y wilh and abide by each and every t=-.e stipulations, agreements,
tor~litions and covenants in said promissory note and :his mortgage se1 forth. _
4. ihat in the event the ownership of the mortgaged premises, or any ~arl tF~ereof, becomes vested in a peroon ofher than the MORTGAGOR, fhe
MORTGAGEE, its succeisors and assigns, may, without notice to the ~AGRTGAOR, deal with avch successor or 3ucses'sor in interest with reference fo this
mortgage and the debt Fereby secired in the same manner as with hti~:tgapor withoul in any ~vay vitiating or discharging ihe 1.lortgagors' liability here-
under or ~pon Ihe debt hereby secured. h~. sale of the premises he~:~by :r~ortgaged and r~o forbeerar,ce on the part af the ~dORTGAGEE or its successors _
or assians and no extension of the time fur the payment of the debt hereby-secured given by the 1l,ORTGAGEE or its sutt: .sors ot assigns, shall operata
to relcaie, d~scharge, modify thange or af?rct the original liabilny af the kORiGAGOR herein, either in whols or in part. _ " -
10. It is speu'icatiy agrred that t~me is of the essence of th~s contrac± and thal r.o waiver of rny ob~~9ation hereunder or of fhe obligetion sr
~ cured hereby shali at any time thereafter 6e held to.be a waiver of the terms hereof o? c+f the instrument secured herby.
~ 11. In add~tion to th~ forego:ng month!y paym~nts of pri^c~pal and interest requ~red by the promiss6ry nore secu~ed hereby, morlgagor covPnants
and agrees to pay to mo:tyagee ~vith each monthty payr,~er~t an adci~rional sum esr.mated by morfgagee fo be equal to 1/12 of the an~iual cost of the foliow-
3 - ~~g°_ . - • -
~ A-Ali real propcrty taxes levied ar assessed agai~st thc above desu~bed ~cat est:.lc. .
~ 8-Crem,~ums on fire and windst~rm insurar,ce as hereir.. reqv~red lo be ta~r~ed on th~ improveme~+s sitvate on the above desc~ibed premiszs.
~ C-Premiums on s~ch mortgage guaranty ir.surance as moltgagee sh~11 irom tirr:e to time deern i~t to <arry on the loan secured hereby.
~ hlortgagee sha+) from +ime to time noti(y martgagor ir. writing af tha amount du. anrJ payab~e hereunder.and Suth sum shell thzreupon be due and
~ paya6le on tha due date of the r.ex~ +nonthly payment ar.d ezch succe,sive month thereafier ur.til rr.ortgagee sFall nolify mortgagor of a change in such
r amount. Such soms fha~l be applied by mortgagee tov.ard the payment of real property taxes, inscrance prem~ums, and mortgage guar~nty ~ insvran.e '
~ premiums. . ' _ •
t IN WITPiESS YJHEkcOF, tne said htORTGAGOR has hereunto set his hand and seal the day and year firsl aforesaid.
! S+gned _aled and d_liver in the pres ce of: Q I~H
: F~~ED ANU RECOR~O
` ST. WCIE COUMTY f A.~ B:
RObER ~Q1'fRAS ~ an . aYmo
; CLERK ~I~CUIT COUAT resi _er~~ f~?.,,, -
= RFC~RG YER;FIEO _ S*~I). ' .
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- _ . - a7,V~3..~~L~ ..`A-~} Q •~A,Y~•~.~.7:r. ~ _
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` STATE OF FLORIDA ~ COUIV7Y OF ST. iUCIE ; - ~ o C9 ; • : = ?
~ ' h .
I NEREBY CERTIFY, That on this ~p ' day af AtaV -~~'Y',A.~:'j'~.~,`
• ? tir'
- Frank bf. Raymond, Jr, ~c ~lt~ - -
~ before me personally appeared , - - •,<< ~ . ; ~
, ~ - . - - .y' ,~~~i~i~1i11~~~~y
xr~~E24~1~X President a?R~X - S~ _ ' ..x ,,,r =ry
~ ~ l~sillard Cor~orativn , - Florida ~}C~3'rparbt,qn, fa cn~r;,;. 't
~ - _ - _ ~ .
~ known to be the ~rson d6scril~ed in and who executed the faregoing instrument, and ~ ac~nowle~g4c~.t~e ex8-
~ - . . - = > C-,-~ t - -
' cution thereo# to be 'h~s free act and de~d as suth officer for the uses and purfbses therein men#oned,'~~d ~at : -
: ~ . - ~ - - - - f r_~ '
- affix~ed tfiereto the officia) seal of said corporatior~, anc3 the said ir~strument is the act and cieed:ofa~~ cor~atiqn.^• = _
~ y y.... `i ; :
WITNESS my hand an~ official seal at Forfi Pierce , said county and sYate. t;~~
' ~,,i"~~li~~: ~
# This xnstrument prepared by - ~
~ RiChard K. Kayes . Notary Public, 'sn and fa State nd County afit>r~~sa~~
First Federal Savings and Loan M• C~miss6on Ex ~r • ` -
I+ = y - P NOTARY B11C, STATf oi FI.ORIDA at LAR~E {
Associati.on of Fort Pierce, I~lorida . -
MY C0~1~:ISSION EXPIRES 1AN. 7. 1917
- ' = 3ot~t~ tly Amttican t,ankets Ir~sut~ ~
J - _ ~ i
~ . Checked By _ - . - ~
- _ . • BOOK~'~V PI~E `
• ~ 1 • , ~ S ~ . - .
. ' . " . . . - .