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3. To place artd coniinvouily kecp on tha Lu~!Jir.qs now or hercaftsr tiitwtc on toid land and on a!I equipmtnt and personally covered by this n:ortg-
ege, with ail p~emiums Ihereon pa~J in full, fire insurance in 1he usual sta•~tla~d policy Fomi, in a eum appro~eJ by Ihr MORfGAGEE, and windstonn
tnsurance in tha usuai standord pof,cy torm, in a aum api~•oved 6y ~hr h10RTGAGEE, i~ wth company or companles as the MORTGAGEE may
ditetl; snd all tire and ~vinJilerm insurance poticias on any of s~~~ bu~idinc~s, any intera~: iherein u~ pa~t lhereo(, i~ the ac~grega~e ~vm aforesaiJ or
in excess Ihrreof, ~hatl cu~tain the uwal s~andard ~nortyjgee ciause or such o~her cl~use as the Alortgagea may ~equ~re, makin~ ?he loss undcr sa~d poli- .
cies, each and uvery, paysb!e io said h,1pRTGAGEE as ~ts intrrest may x;~p6ar, a:id each and every wch po!~cr shalt be promptly ass ,7ned and d~~ivered ~a
eny he~d by said AtORIGAGEE as f~rther security la saiJ rnortgage deht, and, not Iess Ihan ten (10) days in aJv~nce oi tha expirstion ol @ach pol~cy, to de- '
liver to sa~d A10RTGAGE~ a renewal th,:reof, Iogelhrt with a rece~pt for th~ pramium uf svch renewal; and ihere shall bs ~o (i~e or wind~~Orm insurance
placed on any of said buildings, any interest Iherein or part Ihereuf, untess i~~ the torm and with the Icss payable as a(oiesaid; and in the ~ve~~1 any sum
oi money becomes payable und~r such policy or policios sa~d /.10RTGAGEE shaii have ~he opt~on to receive and apF!y Ihe s~me on account of the in~ebted• j
oess setuied hareby or to permit eaid 1.lORTGAGORS to reteive and use il ot any p~rt thr:cof for oth~~r ~;urE~oses, v.ilhoul Ihe~~u; .wivi:~:1 or u:~pair• ~
ing any eqvity, lien or right ur.der or by vi:lve 4f this mo:!gage; and in the avenl sa~d h10RTGAGORS shaU for a~y reason fail to kcep !hc said premise~ so . '
in~vred, or fail to dclivar promptly any of sa~d polkies of insurance Io sa~d MORIGAGEE, or fail promntly to pay futly any premiu~n therator or in any • '
respect fail to per(orm, d:scharge, execute, effeU, con,plete, comp~y ~viih anJ ab~de by this co.•enant, or any parl hereaf, said M02TGAGEE niay place a~~d "
p~y (or such inwrance or any part thzreof withaut waiving ot af~acting any opt~a~, lien, equity, or ti~ht unJer or by virtue of Ihis 'Norfgage, and the
full amount of each and e~•ery such paymert sh,~ll ~be immed~ately due and pa~abie and st,aU bear i~ue~est irom tha date thereof un?il pa:d et tha rate ot
' nine per cen~um pet annvm and to~ethc~ witF~ such ~nter~•st shall se~~red L-y th~; lien of this morlg~~e.
A. To permi?, cammit or wHer nu waste, impairment or deteriorat:on o( sa~d properfy or any parl thereof.
5. To pey a11 and singular the costs, charges and e: penses, irdudinc~ a reasonable altorney's Fce and tosts of abslrads of title, incurrtd or paid at
any lima by said 1~tiOR1GAG'_E, because or in the eveM af ths fa~lure on +he part of ~he sa;d h5UR7G~GOR to duly, prompNy and (uliy pertorm, d~s<harge.
exrcute, e(frct, te~~plele, cemply with and al~:de b/ ea:h and every tF.e stipulatlons, a9rezmentS, tonditions, and tovenants ~t scid promissory nate and this
mortgage any or ei~her, and ee~d costs, charges and zxpenses, each and every, shaii be immediately d~e and payabte; whether or not Ihere be norice ds
riand, attempt to coltect ar wit pend~ng; and the full amount of •:ach and every sucF, paymfN shall be:.r inrerest from the dnte thereof until paid et the
rate o( nine p2r tantu:n per anuu~, an:.' a!: sa~d ccsfs, cha~gea and exranses ir~curred o~ paid, lugethar wuh such interest, Shall be s~cured by the lien oi thi•
morlgage. -
b. T}~at (a) in thr eveM of any breach of this ASortgage or defauSt o~ th; part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~
herein re{e:r~~d to be not aromptly and Fully p~id ~vi~hin th~rty-(3Q> days next attcr ~he same severaily become due anJ payabfe, withovt demand or notice, •
or (t) in the event each and every the stipulaiions, agreements, candi'ions and tovrnants of sa:d promissory note anJ th;s mortgage any ot either ate not t
' ~uly, promptly ar.d fvlly performed, d!scharged, executed, eifeued, completed; compGed ~v~th and abided ~iy, then in either or any such eveM the said ag- ~
gregair som mentioned in said promissory note then remaining unpaid, =,rrith intere>t accrued, and all moneys setured hereby, shal) become due and pay
a61e forthwirh, a therea(ter, at the oprion of said A10R1GAGEE, as -(ul~y and c~a~Qla!e('q as it all of the said sums of money ~veie originally st~pulated ~
- to be prid on s~ch day, anything in sa'd pro;nissory note or in Ihis PAor~gagr to the contrary notw~~hsianding; and ~hereupon or therea(ter at the oplion oi ~
said ~AORTGAGEE, vti-ithout not~:e oi demand, suit at law or in equ~~y, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ~
had mawred pncr to ~ts inst~w~ion. - ~ ~
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7. That in thr evenl that at the beginning of or at any time pe~ding any suit ~ppn It~is hlortgage, or to foretlose il, or to reform it, or to enforte
payment of any,c}aims hereunder, said h10~iTGAGEE shail app!y to the Court having jurisd~ciion Ihereof for Ihe eppoiMment of a Receiver, suth Covrl shall
for~hwitfi oppoint a rrceiver o1 s~id mortgaged preperty ail and s~ngular, inuvd:ng a:i and s~ngu~ar the income, prof~ts, issu~s and reven~es from wh~tevet ~
sowce derived: each and e~~ry of which, 1t bciny e~pressly understood, is_he:eby mortgagec~ as if specifically set {orih and described in the graMing and ~
habendum dauses.hereof, and such Receiver sha~~ have atl the broad and_ef(ecrive (ur.cnons and powe~s in anyw~se entrusted by a Cour1 to a Receiver, and
such appointmen? shall be made by svch Court as an admitted eq~ity and a ma~~er of absotute right to said h50RTGAGEE, and wifheut reference to the
adequacy or inadeGvacy oi the va.ue of the µroperty mortyaged or io the sot.en;y or insolvency of sa+d M~RiGArOR or the defendants, a~~d ~hat such
rents, pro}its, intome, issues and revenues shall be applied by such Receiver acco:dn,~ ~o the lien or equity oi said MORTGAGEE and the pr~ttite•of such _
Court. _
8. To duly, promptfy and (ully perform, d~scharyz, execute, e(lect, complete, cam~ly viith and abide by each and every the stipu!ations, agreements,
conditio~is and covenanfs ~n ea~d promissory r,ete and th;s mortgage sct fo:tn. _
9. That in the ever.t the ownersh~p of tn. morlgaged premises, or any part thereoi, ~ecomes vested in a pe~son other than ihe MORTGAGOR, the j
MORTGAGEE, its successo:s ar.d assi~ns, may, wi~hout nonce to the ~'.".ORiG~O~, deal vrnh such successor or successor in irtterest with reference to this ~
mo,tgage ar,d the d:b1 h~reby secured i~. the samr maneer 5s wifh 6lartgagor w7thow in any way vitiating or d~scharging the Mertgagors' liability here-
. under or upon the debt he:eby secured, ho sa!e of the ~ren:tses hercby mo~igaged ard no forbearance on the part of the /JIORTGAGEE or its suttessora
or ass~9ns and no exfers~on of the-tin;a for ~he p~ymeM of ihe debt t:ere~y secured given h• the ~t~ORTGAGEE or its successors or ass;gns, shal) ope:ate . -
to retease, d'+scharge, m~d~fy change or affect the orig~nai liauil~ty of the htORTGAGOR i:erc n, either in whole or in part.
10. It is spec~f:ca~ly agreed that time is of th~ esser.ce of tL~s :ontract and thal no waiver of any obHyation hereunder or of the obligation se-
tured har~by shall ai any time thereafter be he;d to be a waiver of the terms hereof or of tho instrument sec~red herby. .
11. 1~ add;r.o:z to th~ forego'=~9 ~nP~inly pai•ments of pr1-:c~pa1 and irterest requirrd by _the promJssory nore secured hereby, malgagor cover.ams
and agrees to pay ~o mo:tgagce :tii?h each ~~an`h:~ _pap..+ent an add:rfonal sum es!~~e~a!ed by mo~tgagee to be ecua! to 1~ 12 of the annual tost of the Toflow-
~~g: _ - .
A-.~II real proprrty tax•+s levi~d or assessed agai~tisi the oLove descri~ed rejl estate. _ ~ i
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E-Preavu+r.s o~ (~re and ~vindstorm insursrce as lierein requ;red to tc carrie3 cn the improvements situate on th: ab~ve described pfemises. ~
C-Premivms on sJ~h mortg~ge guaranty ir.surar,_e as mort~agee shall frem t~me ro time deem fit 1o carry on the loan secvred hereby. _ ~
l.N,ortgagec stiaii from time to time nolify mcrtgagcr ~n writing of the arr.ount due ar,d payable hereundar and such sum shall thereupou be due and
payable on tha doe dare of rne neri mo~th!y payment and each successive mor~th the:eafter ur,til mortgagee shall notify ma+igagor of a change in wch
amounf. Such svms shaii be appiied 'oy mo~tgagee to-::asd the payment of rea! prep~rry taxes, ins~rance piem;vms, and mortgage aranly insurance
pjemiums. .
IN VJITP]ESS :YHERiOF, th= said ~1~ORTGi~GOR has her~u~to set his hand and seaf the day and year first aforesaid. .
Signed, Seated and delivered in the presenc~ 04: -
_ - - f LEo AM C~~MTY fLA. - ~ C.~ ~ Seaq
_ _ _ R
QI~R tQITll~S , ~L ,r -(5eaq
_ CLERK C1~CVIT GOURt (seaq
- - - !lEOhRO VCRIFf~O~. ~ -(5eal) -
STA1E OF FLORIOA ~ ~ ` I ~ ~I; _ ~
- COUNTY OF __S't . LUC1 @ _ _ ; '
Befcre me perso~a!I;-appezr?a Riehard E' . SIA].ttl (
, and .
~ Bett L. Smith #
t - ~ _ his wife, to me well known and kr.ovrn to me to be - i
~ the indiv~duats descr~bed in and v~ho executed the foregoing inslrument, and ackno•xledged before me that shey ezecvted the sarne ~or the purposes ~
' Iheiein expressed. And th~ s3id ~ Betty j+. ~l~h - - ~
wife of the;aid ____R1Ct1aIC~ ~ SIDIt~l ~ _ upon a separate and private
exam~r.aticn by me taken ssparate and apart from her said husband, ackno~:tedged to a before me that she executed said instrument freety and vol~n- -
tarily and without any compulsion, constraiN, apprehen io~„ r fear of or irom her sai h sbarxl.
= WITNESS my hand and offic~al sea! this_ day of_ - A. D. 19~^ "
_ ~ Notary Public irs and f ihe Sta! of Florida at Large '
~ ~ ~ ~ . L ~ ~ ~ ~ t h1 Commission ex i _ . # ;
L F - y p . s
~ i~cl~ifl~CNIN_r`! ZSi.~tl~Sr. TII~,',~: . _ .:~ii.~~~f~!~.t ~,(~.f..~it~r..,•t~:~d'll~~i,•t i~.
i~ 7EYi Ur' ~'EtiE'•VUE i ~ f ".t f ~ ! f ~ .r ~r i7ii -
"ECi ~ _ _ uJ.ij ~'j ~ ` ~c ~ o SJ f.j r.~~...:_:... ,..;u:)~~CB
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- This Instrument Pre ared B Richard K.. Ka e~ - ~ ~
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First Federal 5avings 8~ Loan Asso~iation . - ° " ` '•.~j
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of Fort Pierce, Florida ~~;44 O: ~-r'*-=
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Checked By BOQX~2~ n~~~ ~ ~ i , ~~7d : ~ ~ f:
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