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3. To placa and <onrinuously keep on Ihe bui!dings now or hereafier s~tuatc on sa+d ?ancl er,d on all epvipment and pe~sonaily cocereJ by ihis ma~g-
~ge, w~th all premiums thzreon peid in (ull, f'rv ins~rance ~n ~he uwa) s~andud pa~icy torm, in a sum approved by Iho h10RTGAGEE, and winJflorm
fnsurance in Iha wva) standard pal:cy (orm, in a:um approved by ihe MORTGAGEE, in tuch comp~ny or companiei a~ ~he MORIGAGEE may
direc~; a:~d all (ire rnd windstorm insuranco polici~s on a~~y of aaid build~n9s, any intere~t the~ein or paif Ihereof, in ihe aggrega~e swn atoresa~d ot ~
(n excas? thareof, sheil iontain tho ~sva1 s~a~dar:i mort9agee c~auae o~ such oiher ctause as ?he A1orlgagee niay requ~re, mel.ing Iha losf ~~der said poli• •
ci~s, each and ovary, pay~Lla to said 110R1GAGEE as its in~rresi may apprar, and erch ar.d every svch po!icy shall be promptly ass.q~~.d a~~d det~vereJ to _
eny he1J by said h10R1GAGEE as furlher lecurity lo s~id mortgagt debt, and, oat ltss than ten (101 days in aJ+ance oi Ihe expiration o( each policy, to dz- '
liver 1o sn?d A10RiGAGEE a renewal lhereof, lo9ather wi~h a teceipt for Ihe premium u( such renewol; and the~e sliail ba na i{re or w~ndsto~m Insurance !
plated on any of said buildings, any in~erest thereln ot part 1}~erco{; unle~e in the (orm and wi~h the I~ss payaUte as atoreseid; and in Ihe eveM any sum
of maney becomes payab~e u~der auch policy or pul~cics saiJ hIORTGAGEE shall ha~e the option to receive and apply the samr on account ot the indebted-
~esf se<ured hc.reb~ o~ to pennit eaid h10RTGAGORS to ?ctei~•c and vsa it or any ~art Ih.rcof for etiur purposes, w~thovt ~h:rib; waiv~~~g or unpair-
Ing any equity, licn or right under or by virlue of Ih~s mo:!gagc; and in the event said h10RTGAGORS shall for any reaio~ (ai) lo keep ihe sald p?emises so
insvred, or fail to delivcr promptly any oi said pol~cies of i:~surance to sa~d MORIGAGCE, or f~il pro~:~ptly to pay fully any premium therefor or ln any F~•.~+
te~pecl iail to perform, d~scharge, eYCtute, ef(eu, compi2lJ. c~rr:ply wT~h and abide by thts covenant, or any part hrreof, :aid MORTGAG~E may place and
pay (or such insurance ar any part thereof without .vaiving or af(ecting any aplion, Iien, eyu~ty, or rigl,t unde. or by vir~ue of ihis l:lortgage, and the i~r
full amount ot eac:~ and e+ery sucn payment shalt be,im~r.edietely due and F~yablo and shall b~ar Tnte:est (rom ~ha s1at~ Ih~reot ~ntil paid at the rate o1
nine per centum pe~ annum a~~d to~rlh.r with such inta~est shaii ba secured by the lien oi this mortgjgt.
4. To permit, commit or suffer no wasla, impairment o~ delerioraGon o( said prnpe~ty or eny parl thereo(. t
S. To pay alt a~d singula~ tt:e ccsts, cnarges and ezpen~es, inclvd~nfl a reasonable altorney'a (eo and costs ef abslrads of title, inturred or paid at
any time by said h10R1GAGfE, beca~sa a in the event of the tai!ure o~ the psrt of Ihe sa~d htORTGAGOR to duly, promptly and fuily per(orm, d~scharge. ;
exe2vto, efieu, complete, comply with and ab:de by each and every the et~pul~tions, agre. ments, cc~ditions, and tovenants of said pre.nissory note ar.d this ~
mortgage any or either, a~:d e~~d costs, charges anJ expenses, each and e~ery, shall be i ~mediateiy due and payable; whethe~ or not there be ~o~ice d~ i
mend, attempt to coll>tt ur tuit pand~ng; and the full amo~M uf eath and evcry s.ch payment shall bear interest irom Ihe datv thertof unlil paid at the
ra:~ of nine per crn!um pcr a:~num; aad all sa~d tosts, chare~ea anJ expenscs ~~xwreJ or paid, toc~ether wtth such intecest, thall be se<urtd by the lien o1 thit i
t
mortgagc. . t _
b. That {aj in the event of any breach of this Mortgags or default on tt,e part of ihe MORTGAGOR, or (b) in the event any of said svms o6 money
herein refe~~ed to be ~ot promptiy and futly paid vri~l~in Ihirty (30) days next a~i•_r t;~e same severaily become due and, payable, withou~ demand or notice, ~
_ or (c) in tha eve~t each and evary ~he stipufations, agreements, conditions and covenam~ oi sa:d promissory r.ota an8 this mortgage any or eiliier are not 1
july, promptly and fully performe4, d~scharged, executed, effec~ed, ccmplered, co~~ipt~ed w~+h and abided tiy, then in either or any sech eveM the said ag• {
- gregafe wm mentioned in said promissory note then ~en~aining unpa~d, w~th intere>t accrued, and ail~ moneys setured hereby, shall become due and pay #
abte forlhwith, or thereafter, at Ihe ot-tion of said AtORiGAGEE, as iulfy anc! comE>~elely es if all oi the said sums of money ~vere originaHy slipufated
' to be paid on such day, any~hing in s~:d pro~nis:ory note or in this ~llorigage to the contrary notv+ithsianding; and thereupon ar thereafter at the op~ioq of
said ~SORTGAGEE, wi~hout notlte or demand, svit at taw or in equity, therelo~e or ~hereatter Legun, may be prosecuted as if all moneys secvred hereby
had matured prior to its instituticn. ~ . - ~
7. That in the event th3t zt the beginn~ng u~ or at any tirre pending any suit upon Ihis A~ortgage, or to foretlose if, or to re~orm i1, or to enfort~
payment o( any d-~ims he~eunder, said ;,IORTGAGEE sha!1 apply b the Ccu:t hav~ng jv~isd:ction thereof for ihe appantment of a Receiver, suth Court shall +
F~rthwith appoint a receiver of sid mertgaged proc~rty a;l end sir.g~!ar, inciud;ng ail and s~ngula~ the i~come, profi~s, isfues and revenues irom whetever ~
source darived, es:h and every oi ~vt~:ch, i! ceing expressiy understocd, 1i hereby mortc~aged as if specilically set furth and described in the gra~ting and -
- habendum dauses hereef, and soch Fece+ve: sh~11 hevc all the brcad and e;fective funct~ors and powe~s in anywise entrusted by a Court lo a Re~eiver, and
tuch appoinTment sha~l be made by such Court as an adm~tted equity and a matte~ of absolvle right to said MORTGAGEE, ard vvithoul re(erente Io the -
adequacy or inadequacy oi the vai~e of the progerty mortgaged or to the so:vency or ~nsotventy of said /AORiGAGOR-ot the defendants, and thjl such
renfs, profi~s, income, iswes and revenues shall be applied by such Receive~ atcordtng to the lien or~equity oi said 1hORTGAGEf and the practice ot such =
Court. - - #
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_ 8. To duly, pramptiy and fully E:erform, d~scharge, execute, effect, comptete, corapiy with and a6Sde by each and every the st~pulations, agreements, . t,
conditions and cuvenants in sa~d promissory note and this mortgage set foreh. ,
` 9. That in the event rhe ownership of fhe mor~gaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
h10R7GAGEE, its successors and assigns, may, w~~he~! norice to the MORTGAOR, deat v~t~h such successor or successor in int~rest with :eference to this
. morlgage ar.d tha d_bt hereby secvred in the same manner as with !'~tiortgago: wAhout in any way vifiating or distharging the A1or;gagors' liability here-
: u~der or v,~o~ the debt he~eby secured. t~o sale of the pre,r,ises hereby rnartgaged ar.~ no forbearance on the pan of thr lAOATGAGEE or iu successors '
. or assigns and nu extension of the time fo~ th2 payment oi the debt h~reby sec~red given by 1he ~hORTGAGEE or its successors rr assigns, afiall operale ;
to re!ease, d:scharge, medify change or zffect the urig~nat IiaU:t~ty of the R',ORTGAGOR fierein, either in whole or in parL '
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10. It is spec~ficatfy agreed that time is oi the essence of this co:itract and that no waicer of any abligatio~ here~Ader or of the ob~igatian se
eured hereby sha11 at any ~ime thereaftec be he!d to be a waire: of the terms hereof or of the inslrumeN sewre~ herby. -
1I. In ~dd:~:o~ to fhe forege'~~g nien!h`.~ uay:n:nts of pri=~c pal and iroerest required by- tF~e prum:;sory n~!e -~cu:ed hereby, mortgagor covenants '
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and agrees to pay fo ~»o•~o=gce r~iih each mamh;y j:ayr~ent an aJd~r~onai s~im ~srn:~!ed by mortgagee to be equal to 1/i2 of the annual cust of the fol[ow-
- irx~:
A-A31 rea~ pronerty 1~xes levied or assessed agai~tist thc ahove destr+bed :eal essate. - - _ -
B-Pren;~u+ns en fire an:! •r++r.dstcrm ±:uu~acce as her•_in rcqv"sre~ to bz tarried on ihe improv:ments sitvaie on the above desuibed premises.
C-Premi;,~ms o:~ sv<h mcrtl3ga guarant/ irsu:ance as mcrtgagee shall irem i~me to ti~ne deem fit to carry on the loan secured hereby. _
1Aortgagee shati from time to time nctify mortgzg.:r in writing oi the amo~nt due and payable hereunder ar,d s~ch sum shal{ thereupon be d~e and
. payab!e on thz du= dat~ of rh~ n~xt ~nonth:~ paymeM and exn successive month thereatt~r untii'morfgagee shall notify mortgagor of a change in such
amount. Such sums sha'sl be a,:plied by mottgag•~e lo.+•ard ]he payment of re31 property taxes, insurance prem;~ms, and mortgage guaranty insurance •
- Premi~ms: _ _ _ - t
It~ ~tiITNE55 WHEREOF, the said MORiGAGOR has hereunto set his hand and scaf tfie day and yea: first aforesaid. ~
S~gned; Sealed and de~ivered in the presen<e of: n \ _ " ~
~.J D~rt M J~ l.~l (Seaq T:
~ ~ ~~~~~M~-- D ni W. Per w ~cseaq -
~ ' ~ .
_ - ~a~~~~4~~~u,r • (Seaq i::
- - _ ` J y W Per delo (Seai) - ~
- ~
~ - . - ~ ~ ~J ~ . 4-~
S7ATE OF FLORIDA - - - + ~ ~
T .
couvrY oF _ ° _ St . Luc ie ~ - . - ~ - '
Before me persona~iy appeared _ enn1S ~51. Per~w ~~-~J~ i~~ _ and -
.JLtC~~J Perdew his wife, to me weil known and kno.vn to me to be ~
the ir.dividua's described in and v~ho executed the foregoing instrument, and acknowledged before me that ttiey executed the same for the purposes -
Therei~ expressed. And fhe sa~d JuS~y W. Perdew
wife of the said ~eriI11S Qi1 • Perdew ~po„ a separale and private
exam7nation by me taken 3eparate and aparl (rem her said husband, acknowledged to and before me that she executed said instrument freely and velun-
larily and without any cc+mputsion, constraint, apprehens~on, w fear of or from her said husband. - _ -
- V/ITt~ESS my hard and officia! seal th;s l~th day or June A. D. 19~~
. : -
- ~ - ' Nosary PubGc in d r the State o` Horida at Large
~ /:ly Commission xpires:
Returo To: ~ 1~etary_ Pcz•!i.. St~te of F1er~a eF lerge - -
1
first Federat Savinos 3 Loan P,ssociation r,~Y C~n-mssion Expires .1u'y i2, 1477
Of ferr P:erce. _ '
Eond:d by Americon Fcra b~ Casvci~y Co.
~ fort Pierce, Flcr~da ' '
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This Instrument Prepared By Gary F. Gllxooci . j~ ~t: .
- First Federal Savings & loan Associaticn - - " ;
of Fort Pierce , F lor ida f! #t ~ ~ ~ f • ~ ~ -
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Checked By $0 - "r
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- . . - ~~r'fi`r~`;#t.`$t~+`14`':~ ~
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