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3. To place and continuousiy keep ~n 1ha b~i!dir.gs .~ow o~ I:ereaftrr ?ituata on ssld land and on all oqGipmen~ and ~urionally ~overed by ihii mwt~
egs, w•ith al) p~emiumt Ihe~eon pa~d in iu~~, Gre insurance ~n iha ~ewt srandarJ polity iorm, in a wm approved by iha MORTGAGEE, and windstor~r
intiurancr in th~ osuai standerd pol;cy (orm. In a aum app:oled by the MpRTGAGfE, in luch tomper/ a~ carFs~iias ss the M~RTGAGEE may ~
diratj and a!1 (iro and wi~dsrorm inwra~~ca poGc~ci on any o! sa~d twiicl~nfls, eny intera~t therein or part thrreol, i~ Ihe b~gregate sum efcre:eid or .
In extets thereo(, ihall contai:~ tha usuai standard morlgac~ae dause or such othe~ davse as tho Mortgegee may requiro, making tha ~oss vnder faid poll• t;~; i (
cies, ea~i~ and evrry, payab!e to said 1.lOR1GAGEE as ~ts inter~sl rnay Opptar, and ~eaih r.nd every svch po!icy ~halt Ur promp~ly ass9~~ed and deliverrd to ~
any he~d by said MOAIGAGEE as furthcr sac~rity ~o said mor~gaga deb1, and, no+ leas than ten (10) days in advance oi the expiratlen oI each policy, fo da ~
~ive~ 10 ~aid h50RTGAG[E a rcnewal therr.of, logether with a reteipl tot ihe premivm of such renewal; and Il~cre shall ba no fire or ~vind~to~m in3urenc@ ~
pleced on any o} said bui~ding:, any intcrest thetein or pa~t thercof, unl~ss in the form e~~d with the toss Fayable as aforesaid; and in ~he event any tum (
of money becomes payable under wch' policy or pol;cies seid A10RiGAGEE shaU havo iha option lo receive ar~d apply 1he samr on account of Ihe indabt_d- ~
~ess sec~r~d hereby or to petmit ~aid MUkTGAGORS reteiva anci use it ot eny pa~! ~h~teof 1or otl~er pu~poses, wi~houl ~harci~~ wai•+in~ ur ~mpair• f~ ~
ing any eq~ity, lien or righl u~dc~ or by virlue of th~s mo:!gage; and i~ the event said MORTuAGORS shall fo~ any reason tail to kecp the said premita~ so .
t~svred, or fail lo deliver promplfy any oi said policirs of ineurance to said MGRiGAGEE, or faif ~romplly to pay fu11y any premium the:afor or in any ~'4'~
respec~ (ail to per(orm, d~scha~ge, ezecute, e(fect, completa, comply with and abide by this covenart, a any part hereof, said MORTGAGEE may plate and ~
~ pay for such insurar,ce er any ~;ar1 Inereof without waiving or af(zcti~g ar.y option, lie~, equity, or rigld under or by virtue at lhis Morflage, and the „
fvll amount of each and every such payment sha!I be imn,ediately due and Evy~bte and shall baar intereN (rom Iha date thercof un~il paid at the tate ol ~
nine µer centum per annum and ro~:ther w.ith such inter~st shali L•e srcured by the lien of thif morlgac~e. •
4. To permit, tommit or sufFer no waste, impairmenl or det_~iorotlon of said property or any part thereof. ~
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5. To pay all and singular the costs, cha?yes rnd expenses, indud~ng a reasona~lo attomey'~ fe~ and cosls of abstracts of title, inwrred o? paid at '
+~ny time by said MORTGAGfE, because or in the even~ of thz fai!ure on ihe par~ of the said MORTGr>GOR to duly, promptly and futly perform. d~schar9e. ~
execute, e((ect, cemplete, comply wiih and ab:de by each and every ~he stipul~tion3, ag~eamr~ts, conditions, and covenan~s of sa~d pro~:~ssory note and thiti
mortganc any or either, and sa:d costs, ch:rgea ar.d expenses, each and every, shall F;e i,nmediately due an~' payable; whether or ~ot th~re be notice d~ ~
mnnd, alternpt to collect er suit pend~ng; and the full arno~M of each and every wch paymeot ~hall bea. inte:est irom tho date thereof vnlil paid at ihe
rate of nine per crntum per a~2num; an,-~, a{+ said costs, chj~c~es anel ~xpenses incurrrd o~ paiJ, tagether w~th such interrst, shall be secured by the lien of th<<
morfgage. - ~
6. Thaf (a) iri-the rvent of any breath of this S1o~tgage or dctavtt o~ the p~r1 of the MORTGAGOR, or (b) in_1Fe event any of seid sums oi money ~
herein rcferred ~o be not pramp~ly end fully paid ~vithin ~hirty (30) d~ys nea~ after the 33m@ severa!ty become due and payable, cvi~hout demand or notice,
or (c) In tt;e event each and every the slipulrlions, agreemer.as; cc~d~tions and covenants oF sa:d Nromissery note and lhis mortgage any or eitF.er are not
- ~~ly, promptty and fully prr(ormeJ, d;scha~~ed, executed, eitected, co~npleted, conzpl~ed wi~h and abided 5y, then in e]ther or any wch event the said ag
greyate s~m mentioned in sa~d prom~ssory note thtn temaining unpa~d, with interest accrued, and atl monnys setured hereby, shall become.due and pay
. abfe forth~vith, or theszafter, a~ the optiun of said h10RTGAGEE, a: tu+ty arxl comp}etefy as if all of the said sumt of money were origina!ly stipulated
to be paid on svch day, anything in sa:d prom~ssory nct>_ or in thi> Alortgage to the conirery notwithsranding; and there~pon or Ihereafter at the op~ron of .
. said I.10RTGAGEE, w~thout nofice cr demand, suit at Iaw or in equity, therefore or tt~ercaire~ begun, may ba prosecuted as if all maneys secured hereby i
had natured prw: to its inslitution. - 3
7. That in the rvenl that a? the beginn~ng of or at any time pendiny atiy su~t u}~n this Mortgage, or to foreclase ii, or to roform if, or to enforce ~
payment of any claims h~reund_r, s3id 110RTGAGcf sha11 apply t~ the Court havinu j~risd;a7on thereof for the appointment of a Receiver, such Covrt shall
(orthwith appoint a receivar of sa~d »:ortgaged prope:iy afl and singvlar, includ,r.g aii ar.d singular Ihe incame, pro(its, issues end revenues from whate~et ~
sourca derived, each and every of ~vh:ch, it being e<Esressiy underitood, is hereby n:or~gaged as ii spac~fically fet forth and desaibed in the ~ranting and
habendum dauses hercof, anJ svch Receivcr shall have all the broad anJ ef(ecr~ve funct:ons and ~:v,ers i~ any~vise entrusted by a Cour1 to a Receiver, and
` such aFpointment shall be made by such Covrt az an ad:nis~ed equity and a matter af a~soiute t~ght to said MORTGAGEE, a~d without reference to Ihe ~
adequacy or inadrquacy of the value of fhe ~irop~riy mortgaged or ta the so~vency or inso:.•ency of sa~d MORTGAGOR or the ~efendants, and that such 3
rents, profits, income, issues and revenu~s shall Ce applied by such Receiver accordh~g ~o the lien or equity of said h10RTGAGEE and the practice of suth ~
Court. " • _ _ ~
8. To dvly, promptfy and futly perform, d~scharge, execut~, effec:, corr~lete,-comply v~ith and abide by each and every ihe stip~lations, agreements, ;
ccnditions and covenjn~s ir. said promissory note and this mcrtgage sc1 (or~h. - 3
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9. That in thc event the or~nership of !fie mortgaged premises, o~ any part lhereof, hecomes vested in a person other 1!~an the ~JtORTGAGOR, the <
A10RTGAGEc, its succeuon ar.d ass~gns, ~nay, wi~hout netrce to the J~'ORTGAOR, (IEdI •N11I~ such svccessa or succasso~ in interest with reference to th~s
mortgage ar.d th~ drbf hereby securcd in tF.e same mannar as w~~h titortc~agor withaut in any ~vay vitiati~g or d+schargirr~ the /dortgagors' liability hete- •
under or upon the debt hereby secured. No sala of fi~e Fremises her-:by rr~o~lgag~d ar.d no forbearante on the parl oF the /1lORTGAGEE or its successors l
or assigns. and no ex~ens~on of the time for tha payment of the deht hereby secured given by the. MORiGAGEE or its successors or assigns, ahall oFerate 't
- to re!ease, dixcharge, mudify chnnge or affect fhe original liability o! the h'~QATGAGOR her=7n, either in whole ar in part. ~
- 10. It is spec+ficat:y agreed ehat time is of :he essence of this contracl and that no waiver of any obligatian hereur~der or of ihe obligai'wn se- 3
c~red hareby sha!1 at any tim~• thzreafter ba hefd to be a v~siver ef the terms hereoi or of Ihe instrurnent secured herby. - F
ll..ln add.tlo~ to t~e foregc:i~7 mOr.lhly payn;_nts of p:inc"pai and in*erest requi:ed by the prom:ssory no!e secured hereby, mortgagar covenants
and agrees to pay ro mo:tg~gee v,;th each monthiy p~yrr.e.^.t an add;+ionrl s~~m est:r.:a!ed by mortgagee to be equ~1 to 1~12 of the annval cost of the fatlow-
. ing: ~ - _ . . ~ ~ _
A-Att real properfy taxes levizd or ass~ssed cgaie;st thc above desuF!,ed real estata. _ ~
B-Pram;u:ns on {ire and ~vindstorm irsurar.ce an he,-ein requ~red fo br carried en the improvemenis sitvate on thc above described ptemizes.
' _C-Ps~miurs on such mortgage g~aranty icsu:~r,ce as mort~agee sha~i frcm i:me to time deem (it to carry on the loan 3ecored twreby. •
' A~ortgagee shal! frc~n tirr to time notiiy rrortgagar in vnit:r.g cf fhe ar:-ount d;:e and payable hereunder and such su:rS shall therevpon be due and
payab!e on the dce dnte of the nrxt nionfh:y payment and each aucc~ssive month thereatter ur,til mo~tgagee shall notify mortgagor of a change in such .
" amounl. Such svms :ha:i be app!ied by morty-a^yee toward th~ payme~t of real preperty taxes, ins~rance prem;ums, and mortgage guaranty insvrance
' ~t. .
premiums. . - _
; IN '~!TNESS YrHER~OF, tn~ sa~d ~::ORTGAGOR has hereunto.set h~s hand and seal the da ar ~ year first afor aid.
' ned, Seate3 d v the presence . - - O ~ . ~ j . - ~
p A11U R£C0~ Seaq !
~ ~ ~~Ct~ COWItY f ~ r . ea - t
IIOCER Fa~ ~U\~ _ (Sea1) - ~
CL~14~ CI'iClIIT C~RT. - _(Sea1) - `
~~CQR~YE~tF~~Q+M"""~~ Brenda E. Lea~ing ;
~~J - (Seal) :
STATf OF FLORI A 9 ~ 3 ~4 P~ _ _ . . ~ - _ ~
- - 3~~~ss _ ~
couranr oF - ` St Luc ie _ _ ~ ~ ~ _
Before me persenaliy appeaied _ _ Pet43r M. Leaming i
and
Brenda E. Leaming his wife, to me vvell known ar.d known to me ta be
the indi+idualt descr~bed in and who executeci the foregoing instrument, and acknaN:edged before me that they executed the same fw the purpeses _ j
Brenda E, Leaminq ~
therein expresfed. And the said- '
wife of the sa;d _ Peter M. Leaming ~pon a stparate snd private ;
exam+nation by me taken separate and apart.f:o~n her said husban.l, acinowtedged to and before me thal she executed said instrument freety and volurr ~ j
tarily and w~thoyf any co~npuls+on, constra;nt, apprehenslon, or 4ear of or from her sajd husband. _ - - _ E
- Y/lTNESS my hand ar.d official seal th~s 6th day of JUne - A. 0. 19~~
- Notary Public i a- or the State of Florida at Large
- _ My Commissi exp~res: ' '
- - Returo To: ~ rlotory Publie, StaM of fb~ida a1 Largs t~
First Ferleral Sav;ngs S lo3n Auociation _ My Commission Ezr:tes :ulr 22, 1477
Of ~ort P;Frc^. = dvnd¢d by Amsrican Fre G Casvclty Cv.
Foit Pierce, Florida - '
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a1 ~ M 1 1
This I~strument Prepared By Gary F, Ellwood - " f~;~ f
First rederal-Savings 8~ Loan_Association _ . ~
...i ~ ~ ` •i, ~
- of Eort Pierce ~ F lor i~a a R _ - , ! . ~ _ _
Checked By~ BOOK 240 PAGE1159 = : ~ : _ ; .-i- :
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