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3. To placa and cpntinuously 1.eep ai tha bui:d~~~g: now or hrrea(ter s~tueta en said ~and and Q~ ali equipmM~t er.d~parsonally tovered by ihi~ morlg• ~
~ge, with all premiums thereon pa~d in (uN, tirr inr.,rance ~n Iha ut~al SidIlCl.lffl pc;licy form, in a su~n app~oveJ by tht• ~J10RIGAGFf, and windstorm f
inw~ance in ~ho vs~_i e~a,tdard poi.cy (orm, in a:u~n ~~,p:o~rd L-y tha A10RTG4GfE, in wch company or eompsn~r~ as ~he MORTGAGEE may
direu; and all fira a~d w~ndstorm insuranco pol~ue: on any oi sa~d kwild~n{~s, any interesl thcrein or parl thereo(, in tha aggregate sum etoresaid or , ~
In excess thereof, thall comain the usual st.~adard n~o»c a« clause or svch o+her c'.+uie as ihe Alonqayzo may rzq~~re, making Iha loss under said poli- ~
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ties, cath and evcry, pa~ab:e ~o said A!ORiGAG! E~s its in~~~r~st m~/ ay~;~a~r, a:ui ~•uh .~r.d every such pclic~ shail ba promplly ass gn:d and dcl~veied to =
any hrld by seld A10RiGAGFE ~s (urih„r e~cwity to s~id n:or~~ag~ dc•b+, and, n~t less ihan Ien (IOJ di;s in ;,dvance ot the expiration oi each policy, lo de- . S
(iver to said A10RTGAGEE a renevral the~roi, toqether .vith a recr~pt for the prc~n~:,•n of such re~ic~al; and thvre shall be no i:re or wind~to~m i~s~rance i
plated on any of s~:d buildin9s, any interest lherein or pa~~ t}ir~rof, un'ess i~i +he lar~n ar~J v,iih the loss payable as aforesaid; and in Ihe eve~t any sum i
Of mOney bCCOriCi payobk undc•r such poticy or poGc;ei s~~d 1~10RiGAGEE sh~il have the optbn to recaive and apply Ihe same o~ atcouN o( thtt indzbted• _
n¢ss secured hcrrby or to prrm;t s3'd A10RiGAGORS tu tec~ive and use it o~ ~n/ F~r.~t th~r~of for o~+~:r pur}oses, w~tncut th~r.n~ •.v.:'vim~ ~r ~nip:,ir• ~
ing any cquity, lien or right und~~r or by v'utu~ of this mortc~age; and in thE evr:~t sa~d A10RIG~\GOR$ shall (or any reason fail to keep thC said premisrs so _
insured, or (aii to de!ivrr p~on~ptly any of sa~d polic+as of insurance to sa[d MORIGAGtE, or tail promp!ly to pay fully any premium therefor or in any - ~
respe<I lail lo pe~torm, J~sci.arge, execv~e, ef(eU, con~p~cte, coT~ply with and ah:de b/ tFus toti'enanl, or any p.~r~ h:reof, s~id MORTGAGEE m~y p~ace and •
pay for such insurance cr t~y part thereof without waivin~ or af(ec!in~ an~ o}tiori, lien, equ~ty, or ri~ht und~i or by vi~lue of tl~is Alortgage, and the ;
full amount of each and every wch psyment sh~11 t:c i~rmcd~atcly Jur a~id pa~•ah;e ar.d shall bear intcrest from the data th~rcof until paid at the rate ol . ;
nir.e per centum ~er annum and tv~~tl:~r ~•.+th sucl~ ~nt~~r~~+t ~h~;~ !,e saw~c:l l>y th~ lien o( th~s mortgsge.
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' 4. To permir, commit or su(ier ro ~.tiash~, impau~rnnt or drtrr~orat~on of sa:d p:cperty or eny oart Iherc~f. .
5. To pay all er,d singvl~r the costs, charges anu expenses, indud~ng a reafonable altorney's fee and cosls of ahstrads of title, incurred o• paid al ;
eny ti~r.e by s.~id AIORiGAGEE, 6etausc or in the zveN of ?hc t, ~lur~ on the parl of the sai;} MOfZTGAGOR to duty, prompNy and futly perform, discharqe. ;
exetute, effeu, comp!ete, co•npiy wrth and aL:Jr by e+:h and ~~ery ~he st~pu!at~ons. agreemcMS, tonditions, a~d covenams o{.said promissory note and this
morigaye any or e~}:~er, ar,d :a;d cos+s, ckarges ard expenses, rach and eve~y, sha11 6a im~:~edi.~tely due and payabte; wheTher or not ~here be notice dr
mand, auempt to collect or sult pend~ng; and ~he f~ll a~~~uun1 of each and every such p~ymeN shall bear intcres~ from Ihe date thereof untit paid a1 the
raie ui n~ne pcr cent~•n F-cr an~,o ~r, ~nr: ail sa;d cos:s, ~h~:~~s a id rxj::~•ses er.c~rred or pa~J, togethei w~th such interesl, shall be secured by Iha lien of this
mortgac~e. - ~ i
b. Tha1 (a) i~ !he event of any breach of th~s !'.lorfgage or d~:fauit on 11:_ par: of :he NORTG~IGOR, or (b) in the event any of said sums of money !
herein reten.J 1o be not pro~npNy and iulty paid w~rhin ihirty (30) ciays nc,~t a+t•~r ~hc same sevcraily become due and payab;e, without demand or notice, ~
o~ (c) in tha erenl eath and evcry the stipu!ations, agreements, cond~tions ar.d cove~ants of s~:d pron~iuury note antl th~s morfgage any e~ either are ~01 ' !
~uly, promptly and fvUy perfcnr.ed, d schare~cJ, rx;cv~~d, effec!rd, comF;leteJ, ce~np! ec) v:~fh and a6~ded tiy, ~hen in e~ther or any such event the said ag• ~
gregate sum mentio:ud in said F.~Omi534ly' l1Jte tiien r~ina~ning unpaid, with intcre>I accrucd, and afl moneyS secvred hereby, shaU become dve and pay ~
abfe forthwith, or th_reafter, at thc ep!~c~ c! sa~d A:ORIGAGEE, as ful'y and ce.m~letr'y as i( ail of the said wms of money were or~ginally stipulated ~
ro b.: pa:d on such d~y, znything in s.~.d pre n:ssory nute er in this ~~engag:~ to the contrary notwitluranding; and thereupon or thereaffer at the op?ion of
said t.10RTGAGEE, vi~!ho~t not:w or dema~id, s~~~t at !aw or in equ~t~•, therefote or tt~_r~aitcr bcgun, may be prosecuted as if all moneys setured hereby
hsd matured pnor to ns inst~tv+ion. , '
7_ iha? in !t~e eve~~t rhat at th= bectin~:~ng of or at ~ny tim~ ntnding any su~! upon 1l,is A~.o:tgage, or to foretlose it, or to reform it, or to enforce
payment of any ci~;ms he~eur.d,r, s.+~d :.tORTG::'v'_E sha~! ap{~;y W thc Co~r1 hav~~:g y:~:~s~i.ct:o~~ therrot for tha appointmeM of a.Receiver, such Cour1 shall
forth~~ith a~E:oint a r.ce~:er of s±~d mo•ry-.ay_d pr^p,•rty a:' u.^.o s~r.~u'.ar, ir.c:uti rg o!1 a,id sinyul~r 2he inteme, proEits, issues and rrve~~ves hom whatevet
sew~e dzrivrd, ea:~~ a+,ci every of wi~ ci~, ~r t~c~rg ~:r;~cess~y unders+ood. „ I.~:r~bi m~:r,~~g•_d as if spec~fically sef iorth and described in the graroing and
habendum dauses he:ao!, ar.d si~ch Recei;er shali h.>.ve all tha bro;d and cifcc~:.e t~~,•c~ ens a+~J powers in any~vne entrvsted by a Court to a Receiver, and
s~ch a,:pointme+~t sh>:i hr r.:ade by svch Cou~t os ar. ad~*~ittrd eq~ity ar.d a matter o~ ab:dute t:ght to said A'~ORfGAGEE, and withoul re(erence to Ihe
ad•_qvacy or inadcquacy of iF:e va,ue of ~he property-mortqaqed or to ~he s~.vency or ~~uo'..•enc/ of sa~d NORIGAGOR or the deienJants, and that such ~
rents, proiits, inco~r.r, isw^s and revzr,~es sia;l L-e applied b~~ svch Recaiver .:ccurci:n3 to Ii,e lien or eqvity of sa~d MORTGAGEE and the practite of such
Court. - . - ~
8. To duly, ~.rem;:tiy ar.d f~[~y }`?rfOrm. d~stharge, exe:ute, eifecc. complete, corna~~ w::h and abide by each and every the stiputations, agreemeNs, ~
eondit;ons ard covena:vs [n 59~'t F[OlTiSiOf/ r~ot~ ~nd ti~;s mortgage s~t fo~~h. ~
9. Ti:ar in th~ ev•~it the o;,rersh~p of the mortgaoed ~rem~ses, or any part thcreoF, 6eco~-~es vested in a pcrson other than the A50RTGAGOR, the i
A'.ORTGAvEE, its svr.ess,~s ar.:f 3s<_;a~::. rnay~ K'~'}1OJ: G071:c f0 t};.: :10RiGGO1, deaf w,ih wth successor or successor in iNCrest wiih reference to this !
mortgage and ihe ci~:i,1 iereby s_wred in th~ sa~ie mdr.nar as •x~'h I; or:gagor •:~rthoot in any wa~ vitiating ot d:scharging the 4lortgagors' liability here- ~
undcr or u~on the d•~br h_:eoJ z:c~~rcci. F:o s~'e e4 ~i~a Fren,is^s h:rrbt rnorts~ag•.d a~d r.o forb~arance on Ihe Fart oi the 1AOR7GAGEE or its successon s
or assi~n> rnd no e.:c•r.i~or, oi t~~r..~ for ~F~:~ payma::f ~;f the deb~ F_-rei:~ s~~curEd gi.'en by the 1:ORTGAGEE or ifs successors or ass~gns, a;~all operate i
Io re!case, J,sch~:ge, rrodify chan~c or ~~iccr Utie orig,nai i;aL:~~r~ oi ttie N:J~TGAGOC here;n, either in whole or in part.
10. ft is spec~f~ca~ly agrred ~h~t ti;ne is o! tF;: essenc~ af ~h;s coraracr ar.d that no w.aiver of any obligation hereunder or of the obligation se- ~
eured hoteby ahe1~ at any ti^:c th~rea4!rr La heid.to b•_ a wa~:cr of the !er~ns hereof or of the initrurnent secured hetby.
I1. in _:ici:to.ti +o :t~e ?o:eco'n~ n~or~~h': ~~y:.~_eas c~ p~:::c pel ;r.d in~.~rrst requ~re:J by thr pro:n:ss•xy r.ae: s~^:ured hc:rrby. snortoagor covenants i
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ar.d agrees to ; 3y ro :*:or!:>>s_-e _•:r:n c__^ ~:~cr:~l~:y ..:nt an ~d~ ~~o;,~t su,-, _~:~•,~~;ed b; mo~tgagee to be equal to 1, 12 of the annual cost oi the follow- '
's
ing: _ :
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. A--Al1 rea! property tax=; 'ev~ed er assrss•,rl .~y~i •st fi:_ aco:e c?e>ribcd rral es!atc. -
B-Pr~:~.:u~•~s e~ f~r_ ~n;1 wic;,'sta::~: :nsur.~;•ce as i:r:c~n rcq~:red to b~~ ca:rird cn th: ~m;:rov:me~ts s~tuatc on th~ above described premises.
t-Pre~*;i,•, z on s•~ch mo;a3igr gua•sr:t~ ir.svrar.ce as mcrtgagee sh:~;l frcz~ t me eo ti,r.e deem tit to carry on the loan sec~red hereby.
ASortgjqee s~.'i ~rom n:~;,~ to t~:r.c not;f~ r*~ortg~gor ~n ~:rit:ng of :he a~co_nt d~~ an8 payab!e hereunder and such sum shall therecpon be due and `
F.ayabl•_ o~ ths du~- c~?e ci ~h~ .~ct on:~'.; ~,?ym_m ar,d each su.cessive ~r:or,ih !F.ereafter urti! mortgagee shall not~fy mortgagor of a change in such
amouni. Such >ums sF.3;i be a,:r~:ie:i ty,~rc:!_ag-c ?e+:a-d th_ payn:er.t oi-real prope:ty taxcs, insvrance ~rem:ums, and mortgage guaranty insurance
pre:niums. . . - . - . ~ -
Iti \':lTC~ESS ::H{REOF, the sa~d ~:04TGAGOR has iiereunto set his hand al t~e day and year first a(oresaid. - '
Si ned, Sealed a^d d ive~ d in the r ence of: FILEO ANO REC~~~E~ ;
~ P ST.l.UC1E GOUMTY FLA. . - •
- ROGER ~OITRAS ,-~4-' •-~'-~Ct.u--~'~a,---~!Seap '
- _ _ _ CIfRK CtRCUtT COURT ~ Tr~ z~m . ~eaurec~~rc ~
RECORD VE?~FIED _ (Seaq '
~I r a~ seaq ,
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~`era ~n~ eatire~a r . ~`T ~ ~ ~ ~
~i ~~.36 ~'75 . `~a~ ;
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STATE OF FLORIDA - ?y ' ~
C ~ S5• ~ L r- ~.i s
COUNTY OF ------t ._LUClE' I - ' ' : J . • • ~
!^.illiam r~ . T~eaurec~ard , . =
$efcre me ~erso;~aliy a,^.:e_red - I
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- `and . : ' ~
__'~=p2'71C~Zt1E' °QAllYC'C1al"C~ his wife, to me well kr1own and.known tQ fp,be"=~=,. °
tha individua?s desc.~c~-d in a~d v:ho exec~rsed the iorego~ng instrument, and ackno~vledged before me that they executed,t~e sartrie for the~,~,rrposl~i ~
therein expressed. And the sa:d _ ' r=L'Ic'1IL~1TlE' Re~uYega i-c~ - , • C7 = ~
1 ~~'i ~ : - " T
v~i(e of the said _ t'_l l l.l ~i4 T3eat~ r ec~~ r. cl ~ _ ~~e~~a }~~d pfrvete~ - F
exam~naton by me taken scparafe and apart frem her saEd husband, ack~o.l,eJged to and b<fore me that she exetuted said~jn3tnlment•fr.~e~y'bA~i'vo!~rr - i
larify a.,d v~~thout any compu:sion, constraint, apprehens~on, or fear of er from her said husl~nnd. • ~
13th June . . 4.*~ 1r}``,, -
_ `WITVFSS my har:d ar,d of(ic~al s•~al th:s__ day of_ ~1~, D.~1~ g~
- L.~~ , '....,t~ . s
- _ Notary Public in and tor tlie State pf lori~i at large ~ ~
. h1y Commission expiresY'~~/ ~~7 4
Return To: TJ ~
firsf Federaf Savings b loan Associat:on
. Of Fo~~ P.G.c... - _ ~
Fort Pi.rce. Fler;da - - - .
This Instrument Prepared By J• i~a 1 'abe~'t s~ .1r .
First Federal Savings & Loan Association _
of Fort Pierce , `~lorieia 33~150 -
80Qx240 PAGE2~~
Checkeci By L~
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