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3. io lace and contlnuuusl tee oi th~ bui'J~n s na.v or hereaher situ:~te on sa~d IenJ and on all c vi ment ~nd enonall • covered b Ihii m.~rt ~
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ege, wi~h all premi~ms thereon pa;d in full, lirc insurance in tha usw~ s~andard ~~!:cy iorm, in a sum approved by the MORTGAGEE, and windsro~m
Insurente in ihe usuel siandard pol;cy form, in a sum approveti by the MORTGAGEE, in such company or companies as ~hr A~ORTGAGEE may
dire*.1; and afl fire and windetorm insurancc ~o::cies on any e~'' said buitd~nfls, any inte~2?t therein or par~ thereoi, in ~he ag9regete wrn aforesaid or
in txcess Ihcreof, iha!1 contain ihp usujl s?ar~d~rd r.+oN~a~iao ciausz or such other ciause es tho Murlgeges mey require, meAi~~g tha lof~ under sai~ poli- ,
cies, ea<h and every, payable to soio 1.10RiGAGEE as ~ts i~~~crrst may appear, a:id each and eve~~• ivch F~o~;cy shall be p~on;ptiy ass gned a~~d delivercd to `
an hetd b said AWRiGACEE as tur~her s_cu~it to se'sd ~~wrt a e d~bt, and, nof less lhan ten 101 de s in advante o( ~he ex ualion of each olic to de• ~ f `
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liver to said r.10RTGAGFE a rene~.val Ihereol, together with a rece~pt for Iha premium of such renewaf; jnd ~here shal~ bt n~ i~re or wind~torm infurance +
plated on any of said b~~itdlr~gs, ar.y Interest therein or. parl tharc! f, untess in thc form and with Ihe loss payable as aforess~d; and in Ihe avent any sum ~
of money ber ~mes payabte under such policy or policies said h10RTGAGEE 3hali have ihe opticn to recaive anJ app~y ~he fame on accouM o( the indebTad- ~
ness secured hereby or to penn~t sa~d r.10RTGAGOFS to ret~i~r a~id ~se i1 or any pr,~t ih•_reol for o~h;r ~:urf~oses, c•+:~ne~t ~h~~ci,~ .~a;:l~,~ o~ ~~np3ir-
_ ing any equ~ty, lien or right und~r or by virtu~ of this n:o:l,rya~r, a~d in the event sa`d MORTGAGORS shall fo: a~y ~eason (~il to keep Ihe so~d premises so
inswed, o~ Fail to detiver promptly any of said ;wficies of iniurance to said MORTGAGEE, c.r fail prompily to pay fully any premium therefor o~ in any
~espett fail to perform, dischaige, exetute, efFeu, tompteta, comply with and abid-v hy th~s tovenant, or any parl hereof, said MORTGAGEE may plate and ;`y~~
' pay for such ins~rance or any part Iherecf without waiving ot affecting any optio:., fien, equity, or ric~M under or by virtue of this ~5rorlyage, an~ tht
' tul) amovnt of each and every such payment sha11 l.~e immed:a~e~y duc ar.ci payahl~ anJ shall bear interesl from the dato thereo( untit paid at Ihe rate ot 'r. ~
nine per centuin pcr annu~n and to~etf:rr vrith svch intwcst sh31i bc i~ :~~ed by Ih•~ lien oi this moNgago. ~
4. To permit, commit or sufier no wasie, impairment or detc~iora~~on o( said proE:erty or any p3r1 Iher€of. _
5. To pay all and singutar tho costs, charges and expenses, incluciing a reasonab!u a!tomey's fee and cos~s oi aEslratts of title, incurred or paid at ~
any timc by said AtORiGAG'E, bECausr or in ~he even! o~ Iha tailu~e on.iha par~ of ihe said ~~10P.TGAGOR to duly, promp!ly and fully perform, discharoe.
execute, ef~ecr, c•~mplete, ca.nply wiih and ab:dr by each and every tha stipulations, agreements, conditions, a~d covenants -of said promissory note and thit {
morrgage any or either, and sa'd cosrs, charr~es and ~xpenses, cach and every; .shall ba imm.d~ate'y due and payabla; whelher or not there be ~o~~cr da ~
- mand, atfempt fo collecl or svit pend~ng; and the tull amounl uf each and every svch paymen~ shall 6ear i~terest from the date thereof until paid al the
rate u( nine E~er centum Nrr um~u:n; ar,c! aU ~aid coats, charycs anJ rxYensis incurrcci or pa:d, togcther ~v~th wch imerest, ~hall ba secured by the lie~ of thi~ ~
mortgaga ;
6. Tha! (a) In tht event of any breadi at this INo~tgage or default o~ Ihe parf ~f the MORTG~GOR, or (n) in the event eny of sa~d sums of mone/ ~
herein referrrd to be nol promptly and tully paid wi~hin 1h~rty.(30) days next a~ter the same severa;lq become due and payabl~, wilhout demand or ootice, ~
or (c) in th2 evem each and every the st~pu0ations, agreemenls. cond~ttons aad covenants of sa:d promisso~y note and th~s mo~tga9e any or either are nol ~
iely, promptly and (ulty perlormed, d~schar~ed, ezrcuted, e(fected, comptetecl, co:npl:ed v.~ih ar.d a6~ded Sy, then in ~either or any such eveM the said ag- ~
gregate sum mentior~ed in snid promissory nete tF~en remain~ng unpaid, wi~h iroeres~ sccrued, and all moneys secured Fereby, shall become due and pay
able forthw~th, or ther~a(ter, at ~he oprlon of s3~d AtORTGAGEE, zs fully and compfet~ty as if all of the said sums of money were originatly sGpulaled
• fo be paid en svch day, anything Sn sa:d promisso~y note or in Ihis hlortgag~~ to shz contrary notuvithstanding; and Ihereupon or thereafter al the option of [
. said MORTGAG~E, withoi~t nouce or demand, suit a~ law or in equily, ther~fo~e or therer.iter begun, may be prosecu~ed as if all moneys secured hereby E
had matured prwr to its institurion. _ ~
~ 7. That in the evenl thal ~t thc 6eginnu~g oi o: at any time pendi~ig any suit uuon this hlortgage, or to foretlost if, or to reform il, or to enforte
~ payment of any cl.~ims hereur.der, sa~d P.'.ORTGAGic shail apply to the Court having jur~sdiction thereoi for the appointment of a Receiver, such Ccwrt shall
Forthwith appoint a re:e~•+e~ of s~id mo~t~aged propcrty all and singvlar, inc!~cl.ny ait and s~ngu~ar tha income, profits, issues and revenues from wfiatever
sourcr derived, eacii ar.d every of .vnich, it L.eing ex~xess!y vnde~stoocl, ~s her~uy er.cr~gagcd as i( speu(ically se1 forth and destribed in the g~a~ting and ~
habendum tta~ses hereof, and svch Recriver shail hav.: all the brond ar,d eiiect~vc func+..o» i a~.d po.vers in anywise entrusted by a Cour1 to a Recciver, and
suth appointment shaU be made by such Cour~-as an admiue~ eqv~~y a~d a matte: of absolute righ~ to said MORiGAGEE, and withoul re(erence to the ~
adequacy or inadrquaty of the value of the property mortgaged or to tf~e so:~~enr,r o. ~nso~aency oT said MORiGAGOR or the detendams, and Ihat such °
rents, profits, income, isSUes and revences sha;l b~ apptied by such Receivrr accerding to tFE lien or equity of sa;d MORTGAGEE and the practice of such ~
Court. • ' " ~
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8. To duly, prom~~;y and fully pertorm, discharge, exec~te, efiecr, comp!etr, co~npiy wirh and ab~da by each and every the stipulations, agreemenis, (
cenditiens and cove~ant: in said promissory note and ~h~s mortgage set (orth. • ~
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9. That in !he event th~ ownership of thc mertgaged premises, or any part t~ercof, Lxomes vested in a person o!her tfian tht MORTGAGOR, the ~
~AORTGAGEE, its su:c:,ssnrs ar,d assigns, may, wiihovt notice to th_ rhORTGAOR, deai with such successor or successor in interest with reference to this f
_ mortgagc ar.d ~he d~bt Fe~e by s•_~ured ir. the same monner as ~vi~h 1.lortgagor w~theut in any way vitiating or discharging the f.lortgagors' (iahility hert ~
. under er upon th~~ebt hereby s,cvr~d. No s3;e of ~l:~ ~re:*:~ses hereby rnortgagcd and no {orbearanee on the part of the MORTGP.GEE or its tuccessors ~
. or assigns and ro ex!er.sio~ of the tim: fo. the pryment of the Je'tt hereby secvrrJ giv~n by Ihe /.50RTGAGEE or its wccesson -or assigns, ahaH operate
to release, d:scharge, ,mcdify char.ge or affect the erio;na~ liab:i~ty of the NARiGAGOR herein, either in whole or in pnrt. _ ~
10. It is spec:f~ca:ty agreed rhat time is o4 the ess~nce of this con~ract and that'nc waiver of any obligation hereunder or of the obtiga!ion se-
' tured hrreby shall- at an~ time thereafter be he!d tc be a v,aiver of the terms hereof or of the instrumeM'secured harby. ' ~
r„ :_~-i.t-o~ +o the feregG'n] r:•onth'y paym~n;s of prir:c'pat ar:d interest requir~d by th~ promissory note secured hereby, martgagor eovenants
and agrees to pay to mcr!gagee ~•:~th each m~:r.h!y payr.:e~ii an ad3~~:onal surn es' :+~ated by mortg3gee to be equa) to 1 j 12 of ihe annual cosl of the follow- ~
ing: . _
A---Al1 renl property t3a<'S I@`hCC: cc assessc.d ag,~i•~st thc above descf~bcd r:~a! estate.
6-Pran:iun:s on fl~e ar.d ,v~ndsto:m fr;su~arcr as here+n requ~red to be carr~cd on the improvemeits s~tuate on the above d~sv~bed prerr.ises.
C-Premivn;s en such n:ortgage gurranty ir.sura~~ce as mo~rgagee sh311 fror t;me to tlme deem iit ro carry on the loan secured hereby.
h!ortgagce sha~i (rcm tiR;e fo t~n:c r:o:ily rr.cngayor :n writing of ihe a:^oum due and payable hereunder and such sum shall thereupon F,e due and
_ payab'e on the due.date of the nexi n:catnl~ cayrrent and each wccessive month lhereafter ur.til morfgagee shal~ ro!ify mortgagor of a change in such
amount. Such sums St:3~I ~e ap~!ied by mertyagee tol.ard th~-Eaymeni of rea~ prapersy tazes, insurance premw~ms, and morigage guar y insurance ~
premiums. j
!N N~lTt3E5S :iNERi.GF, ine sa~d ~.`JRTGAGOR has hereunto ser his hacd and seal the day and ar firaf aforesaid. ~ : i
Signed, Seated and defivered in the presence of: ~ '
~ E lE0 4?(D RECpAOlO _ (5eaq
- S~. WC1E CQUMTY FIA. ; i
I 114CER P0~7RAS ' P.mmie Davis ~ a wido?~ (~aq =
~ ~ ~'l'!/i ~ ' ~ ~G~ CIERK ~tiiGUlT Cbt~RT (Sen1) !
~ RErORO ~EfitPlfl -
~Seap ~
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~ ~ ~ II AM'~5 : 3 ~
STATE OF FLOR1Dk ~W~ I
t
- COUNTY OF St. LUC~Q ~ ~ ,
Befure mc ersona{I a red CleIIlID1Q Davis, c"f W1C~OW '
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hifrri~e-to me ~vell known and kno~vn io me to be
the individvat d~scr,6~d in and who executed the fo:egang insl:uni_nt, ar.d ackno•,v:edged tiefore me thatShe execoted the same for She pvrposes F
therein expressed. AndJbe~aid ~
wife~ef ~i+r~~ ' !
e~M~nral+errby-rn~feRen~ a+afr er-d ~pow erepxMs ~~i~b~ ~
s~ 'epjvt•f+v+~-h~srseid-~w~bxtidratie~r~+lrcfgo-d-ts~nd-befere-~-ti+a~~hetwa~ulail-aa+iwrtwiw~.k~ely-a~dwoLx.. ~
_ iuil~ ~aci.w"sf,o~at iqr_co~~.~F1oi~ iGfilHla; i~Yfb9Gf~Oi'p OCrfoas ~L o: ~fsa~.J~.ar
stid 1~usha~d ~ . - ~
Y/ITNESS m hand and official seal this__ 7S ~ `
Y --~tll day of - .Tun e t,`. 0. 19
_ . _ 1 ~ ~ ~
, _ Notary Public in and or the State of florida nt ~arge ~
_ N1y Commission ex r s: ( O• 3~'~ G
Return 70: ' -
Firsl (=ed°ral Javirgs ~ ioan fiSSO.'1]Tion . w,
Of for! P:erce. - - _ ' •
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Fort Pierce. Florida - .+~`.~,il,,~.?„'r''• -
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This Instrument Prepared 8y William J. Forbes ~ -';.~,~y^, v `J1 f','
First Federal Savings & Loan Association ' - y;;. , , ~ ~ " ` '
of Fort Pierce, FlaZ ida 33450 ~ 0 ~ . -ti` = ' ` , - ' '
BD~K~~ f~Gf ~ . ~ ' ~ - ~ ~ ~ =z
_ ' ~ ~/~~I
Checked By .ts~f' ~:~~•,r:•~~~'},~
y~'' }
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