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3. To p~acz and com~nua.,ity keep on ~he bui'd:+.gs now or hereaher s~t.,~te on s~~d ~snd a~d on al1 cqv~pmen/ and pe~sone!ly co'rcred by Init mortg•
sg0, with all premiu~:s Ih;~ton F~ d in lu?~, I~rr icSVtar.~r ~n ihc us.~el sTer~erJ F..~~~cy fo~m, in ~ sum a}.p~oved by ihe MORIGAGEE, and vrindttorm t
fnsutente i~ Iha uswl s~~~~de~d policy fo~r~~, in ~ au ..+;,{~~a.ed by !hc 1dORTGAGEE, in suth tompeny or tompanies es the MORTGAGEE may ~
direct; and all (ire ar.d v.~--~sti.~m ~n~u•ar.ce ~.ol~c~es on a~~~ ~•f s+~J tv~'d ~lgs, any interea~ ~herein ur ~,ar1 ~F.ereol, in the aggrcga~e svm af~resjid or ~
excess th•_reo(, sha!1 ax+Uin the usvil star.da~d mortgngre cNavse or r.:h o+her ct,vse as th~ h!o~lyagee may ~eqv~~e, maAing ltre ioss unJrr si~J po~i- . ~
ties, eath and Evrry, payab'e io said AtOR1:~:aGEE as ~ts ~merest mny ap}v_~a., and ca:n ard cvery e~ch po'fc/ shal! br pro~T,Hf~y atitgnEJ ard det~vered ~o , i
any hetd by sa~d ktORIGAGfE a~ fur~her s^cu~~ty tu s~~J n:or~g~ga debt, or.d, no~ !tss than ten (tCl days in ad+3~xe ot thc expiret~cn ol cech poficy, ~o de• ;
liver to sa~d A10RiGAGC£ a~e~~ewaf therrof, togeihtr ,~i!h a rete~pt ior the prr=-~i~rn of s~ch rene+.a~; ~nd sl,crr sh~il tr no t~ra ur v.~ndt~e~~n insurance t
pleced on any of s.+~d buildings, any i~trrest the~a~n or part thertol, u~'rse in ~ha fc~R~ a~~d .ti~:h the Icss payab'e as afcrasa~d; ar.d ~n the evrnt any sum
of money becon:rs payab~e vnder s~ch policy or po! c~es s~id IAORTGAGEE ~Fj~ll har,e ~he cption to recrive ~~x! app!y ~hc s~me on accoun~ of tha indtbtcd- • ~
ness secured hereby o~ ~o per:ilit sa~d 'AORTGAGORS ro receive and v~e ~t w e~~~ p~ri i?.crraf for oti:ar pwo:ara, •:.~~ho~e ~h:•~~ ~o~ .w;.~ ~7 cr rnp-air-
i an uit lien or ri 1~t und:r or b• virlue of this mo:! a c; and in thr evenl sj~d AlO,~1GAGORS shall for an rc~son fail to kee the sa~d remisas so '
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insurrd, or fj~l to d~Gver pro.~plly an~ af sa~d poLcles oi in~urar.ce to sa:d 1.10RIGA;~EE, or ia~i promp~iy ~e pay tuily any pren,~~~n theretor or in any
respecf iail to paio m, d~scharge, execvtr, eitrU, co~np;eie, co~~~~~ly w~rh and ab~da hy th~s covznanL or nny part hareoi, sa~d /AORiGAGEE may placc ar.d
pey for wch insuranct or any part ~hrreof r~~thou~ waiving o~ af(ectinc~ any cpt:o~, i~en, equ~ty, or r~3ht under or b,r vhtue of t~is hlortgage, and the
tull an,ov~t of c~ch and e~ery suc?~ paym_ro shjf: t~ immcdiately dve and ~+yab'e a~d sha.! txar inserest irom iha d~ia therrof unr~l paid a? the rate ol L
n:r.e per centum ~Bf dnr~i;nt a^a ~:.,3_,? << ..,,ti, sv;h ~ne~~cst sh~i~ t>- s.~c.,red h~ tn~ I en o} ah~s mortgage. 4
d. To perrnit, commit o~ sufier no waste, impjini~ent or direr~orat;on of s3+d ~+rcperly or any part thereoi. • S
S. To pay all and singutar the ccsts, charges ard exper.ses, i~d~d~ng a reasonab;e a!to~ney"s fee and casts of abstrac~s oi title, i~curred or paid zt j
any li+ne by s~id MORIGAG'_E, beceuse or in the event of the fa:ture on the pa~t of the said l1~tORTGAGOR to du:y, promptly and fully p•_r(o~m, d~scharqe.
execute, effeu, tomp!ete, to~npty w~th aud ab'de by ea.h and every thr sl~pvlat~Ons, agrerments, conJitions, and tove~ants of sa~d pro~nissory note a~d this 3
mortgage any or e~~F,er, and sn d costs, cFiarges a~~.i earcnses, ea:h sr.d e•:ery, sha!1 ~mr.:ec+ia~e'y dve and payab:e; ~nhether or ret there 6e ~ctice d~
mand, atten,pt to coltect or suif pend~ng; and fhe (vEl a-:wvnr oi rach ard eLrry s~ch ~ayment sh~tl bear int~rest (rom the date thereof until paid a1 ~h;
rate of r~:r.e oer c~nt;,n~ F.~r annu:n; and aii st~d <c~aRS, cha•g~s ard rxper.ses ir.cu:ted or pa~d. toc~e~hcr ~vah suth inle~esl, sha11 be sec~red by the lien of thit .
~ mortgage. _
- 6. That (a) in the event of any breach of th:s Ato«g~ge or de~au;r on t}~ pj~t of the 1.'.OR~GAGOR, or (bl in the event any of sa~d sums of money r
herc~n refrrred to be not atGT•P1iy ar.d iuih• pa"d ~t~thin Ih:rt~ t3~; d~~s r.ext at!._r fhE z~~,:e severa!ly become due and payabte, without demand or notite, '
or (c) in thr e•:ent each an3 every the st~pu!at;ons, d~~fBmat~t5, fcr~[!;pnS and co.enan:s cf sa d p:omissory note and th~s rtwrtgaqe any o~ either are not '
~u1y, promptly and (ully perfo:med, dschn~g-~d, execvted, cifec~ed, cc~r.pierrd, ccmpi:rd w~:h and ab~d~d Sy, then in either or any suth evem the said ag ~
gregate sum mentio~~ed in sa~d promissery nete then rema~n~r.g ~r.pa~d, .vith intere;~ ac;rued, ar.d a:l maneys secured hereby, shali become due and pay-
ab'e forth.vith, or thereaftrr, at th~ opt;on of s,~d .l'ORTGAGEE, as f~ity and co:np:efe:y as ii at1 of the sa~d sums of money were or:ginelly st~putated ~
to be pa:d on such day, anyihing en s3.d pro:n~ssoty no!e er in th:s 1.lortgage to the co ~v;ry norf.~rhstand;ny; and thcreupon or there~fte~ at the op~~on of ~
sa~d h10RTGAGEf, v~;rhaut nos~ce o~ den,ar,d, s~~t at law or ;n e.;u~ty, tF~refore er thereaf;er begurt, may be prosecuted as if all i.ro~eys secur ~ hereby-
had matvred pr,or to ~ts inst~tution. - _ . {
7. Tha1 in th: ever,t ~hat at fhe ~-g~n~:r.g of or at a~y t;r,e p~r.dtng a~y su r upon this ltb~tgage. or to fweclose it, or to re~orm it, or to enforce ~
payment of any c'aims he~eun~er, s~~~ :'~O~T'vAG__ sha:t aE:p'.f t~ 1i:e Ccurt h3:~ng p~~~sd.ction ~hercof for the appolntment of a Recelver, such Co~r~ shail '
- forth,c~fh appoint a re.ei•:er ~f said rre~tg;g~d prop_-t~ a:i a1d S:r.3~~:~~, ~r.c'..,~cl r,g a:7 ~r.d rr.3v~a~ the ir.~ome, profits, issues and revenues from whateve?
seu~ce ~•_:ived, e~ch and e•:ery of whch, i: ~:eg e,Hress'y ur.~~rs~~,r~. is Feretr~ mcrtgaged as i(•spec~fically set forth and deatribed in the granting and
habeaoum c!a~~srs F.ereof, and svch Rece;~er sha'i h~ve alt th>_ brcad ar,~ eifecri•.e fcrc:~cns and powers in-a~ryvme enfrusted by a Court to a Receiver, and
~ s~ch appointment ah3it be made by svch Ceurr as ajn:~s_d ~G.,€r~ e-d a ma,re~ ai absc:vfe r:ght ro u~d MORTGAGEE, and w~thout reference to the t
adequ~cy or inadeq~aty of the va~~e oi the property mcr!t~a~cd or to tF:e so.r~•~ncy ec ~r;p:vG~(/ o( sa~d MORiGAGOR or Ihe detendants, and that such ' ~
renfs, protits, i~come, iswes and rzvenues shaSt ~ appl~ed t,~ wch Receiver a:cord:r~g tu the iien ar equ;ty uf saSd ,`.!GRiGAGEE and the practice of such
Court. '
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- 8. To du!y, p.crrp::y.a~d fo;!y perform, d:scharce, exec~ta, eifeit, co-rpi~~e, cerr•p!/ v~~th and abide by each and every Ihe stipulations, agreements,
ccnditiens and covenants in sa~d p:omissor~ nbte and th's m~rr~a3e srt fo:th_ ~
9. ihar i-~ i!~_ e.•e^t rhe ovmenh~p o{ the rr~;tgaged pre:r,ise;, cr any pars ihe~reof, tiecornes vested in a Ferson olher tha~ the MORTGAGOR, the
h!04TGAGfE, its sv:cesso~s aed as>+3ns, r.,ay, w[~ho:;t .r.t~:e :o t!w !~O{iG;-JR, d;al ;~:~ih such suctessw or successor in interest with reference to this
n:o+tg~ye a+d ~Fe d_-ut F:_reb~ sec~red in th~ zaT-e ma~r„r as .v+ih'.',artg~or iv:eF.cut in any way vit~ating or d~schargin~ the lAartgagors' liability here- .
under or upon !h~~ d~b~ F:_:eby s,c•ned. t~o sz!r ef ~`.e Fre~r:srz herebi mortg~ged ar.d no foroearance o~ ehe pan oi ~he tAORTGAGEE or its successors
: or ass;gns ard no r,cr•_r~~on oi ~he r:r-..~ for tc~ ~aymc-~~ of is.e debt hcreby securec given by the /dORTGAGEE oc its successan or ass:gns, ahall operate
. to re'eas~, d~sc'r.arge, mod~fy chjrge,or eitect the c•~g:rai ii~~.: t; of the /r.Q.r+iG.AGOR I:erein, eithar in whole or in parf.
10_ It :s spcri~ca'~y ag•eed ~}~a: t~me ~z cf ~F.e es~e .~e of ti;:s co-,+racr zrd rhat r.o waiver of any e3lEgation hereur.der ar of the obfigafion se-
~ evred Fn:reb~ shali at an~ tcr:e thereafter ~~e t.cEd to b~ a~vai~~e: oT t::e !ecros Ft2f[Of or of tne instr~rr.ent s=cured herby_ - .
11. In ada t:c~ s>+e :or~~^-,-,~ ~.on•h:; . :~s o.` p-r..~ p~". and io•ere:t r~q,;:e~ b~ fihe prom:ssory no!-r s^cured hereby, mortga~or covenants
. and agr~~•s re ~n~ t, ~-:;-tq~y-;e .•.:~i, rac^ n-~~~i:~~ r-y:: e::i an z~'-! • cnai s~~i =st:-:>ted 6~ rr.o•tgagee to be eqval to 1; 12 of the annual cost of the follow-
ir.g: - .
A-A•1 real Fro;,erty :a,c:s ,e'=~cd cr ass~ss:3 ;g>; ~s~ :hr aco:e ce;c•~~cd re31 es•a'e: ~ .
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8-P:_mi;,~~:-s on f:r_- ~n~ •r:lr.dsTx~r, ~ns~r~-~e a~ i::,~e7r. r~G•."r~~ tc car:~ed cr. ~h~ Emprov>-ne~ts s+tuate on tt+e above d~scribed premises. . ~
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C-PfE~^+J^~S e~ sc:h r>:a!gsge guar=~t~ ir.«•=ar,ce as m~•rga_ee sha:! frc t"^~.e to ti~ra deern tit ta carry on the loan secu:ed hereby. . ' -
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- ' _ l:.o~taagee s~~`? f-c.^~ t~T~ to t;-e i:c~:{; :rcr*ga3,* ;n Y.II!.f:~ of t%:> ~--c::~t dv> ~r.d psyab~e here~~dar ar.d svch surn shail fhereupon be due ar~d .
payab'e on :h~ d_e ~a!e ef th= ra=.r •-:o^f~::~ ~•ay-rent and esch s•,ccessi.e rt ~-:sh tne:eafter ur:tit mcrtgagee shati r.otify mor}gagor of a change in such ~ ~
a~:cvr.L Such SJ.TS S}`3~I ce a~p:zJ ty m_rtga___ ro::ard tF.e C3jTBf•t of real prcperry taxes, insurance prero:ums, and mortgage guaranty insurance ~
' ~tET:iJ:r.3. . . " . _ ' _ . ~ . ~
- 1N ~lITNE55 :iH_R:O~: th~ s~~d tl,~.^<TGkG~R has hereuoto set h+s har.d and seat the day and year fint aforesaid. i ~
S~gned. Seated and de~~vered in t!:e pres~r.ce o`; ~ 4
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. r~ ~ enry i e e r _ ts~a~~ ~
~ ~~~t~+x~ ~ . :s~-- 3
, ~tA~fl ~£.~.~s~D ts~a?) _
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- ~ ~32~
~ _ STATE OF FLORIDP. . _ ~ +
t
: COUtJTY OF S~~ L~cie _ ~ ~ _ ~
_ gefcre me persocai;y ap~area - Hen~
~'ie se le r a„a
~~Y'~Otlr].~F1e$~Ler his ~vife, to me wetl known and kno~•n;o me to be .
the ird;vidua;s descri~=d in and ~}w execused the fdre~oirr~ ir.s!rument, a.d dCI[fAY.•tEd~°_'d b°f0~2 me iAaT thay executed the same for ihe purposes i
~ therein ezpress~d_ And the S,~a ~ Mar j our ie Fie se le r- _ - ~
` vvife of fhe ea:d _~nL'3T_~'1~~Y ~ f , upon a separete and privato
exam~nat;on by me taRen separate and apart from her sa~d huso_nd, ack~»vviedged to and beforc me that she executed said instrument ireefy and volun-
- tari~y and v~;:F.out any compu's:ron, co~straint, apprehans:en, or fear ei ar fram her said husband. ~ ~ ~
- 18th June 7_S
_ t•!lTA3ESS my F.and ar,d off~c~a1 seal this_ day cf A. D. 19 ~
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. Notary Public in a or STate oi Fbrida at Large ~
I ? h1y Comm~ssion expires: ~
Return To: - Noiary FuL!~c, Slotr of florida ol lar~s ~
First Federal Snvir.~s b loan Associat;on
My Comnisseon Experrs Jv1y 4?, 1977 ~
Of fort P.<:C°. . SpR~ br ~Vi7:t/COfl Fre b Casyal?~ C0. (
Fort pierce, Flcri~j _ _
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This Instrument Prepared By Gary F. EllwOOd - - - .r'~~~'=~" - `
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- First Federai Savings ~ loan Association - - : ~ _ ~ ':-f~ti. .
of fort Pierce~ Flor ida 33450 U F _ _ .
t aoo~ 24~ P~cF~~ " _ = ; ` ~ - ~ ~
~ Checked By - ~ _ ~ ' ±~--i _ _
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