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3. To plecr end continuovaly kcep on t~w bui:dingt now o~ hrresfter •~tu~te on er'J I~nd ard on all equipn;enl and pertonally covered by Ihis mortg• ;
e3e, w~ih all preniiums iiureon pa:d in fuil, lire insvrence in 1he oewl s~~~~Jerd poticy form, in a svm aE.pro~e~! b/ ~he MORIGAGEE, a~~d windstwm 1
• iniuranca in ~he •usual s~andard poCcy form, in ~ au~~~ aN~iroved by ih~ h10RTGAGEE, i~~ such ton~p3ny or co~»pan~es as the AlORiGAGEE may i
direc~; and aU (ire and ~n~nds~orm ~ns~rance pa~~c~es o~i any of s~~d buitd~n9s, any inte:rsl theiein ur part Ihereof, in Ihe a~gre~ate eum a{oresaid or i
tn ezcess Ihereo(, ah~tl com3in ~he u~val s~a~~cL~r~1 ma:~g.jgea Nause or such o~he~ <~~une as the l,lort9agee may ~eqv+re. maAing tha lou under sa~~ poli• . ~
ties, eath an~ every, p~}•.~b!r ta said A',JRTGAGEE as ~ts intarc~l may appea~, a~tcl each -,nd e~•ery e~:tti po~~c/ nhall be promp~~y ass 9ned a~:d delivered to •
any he~d 6y ea~d h10RIGAGtE es further s:cvriiy to said mo~tc~~ge debt, ar.J, not less ~han ~r~i (IOi ci~ys i~~ aJrance o( Ihe expiiaiion oi each poGcy, to da- ~
liver to said A10RiGAGEE .l ~t~it'K'J) lI1CIi~Of, Ioge~her w~th a rcce~pt (or the p~er~iiu•n of such renewal; and there shall t,e no iire or .vindsto~m insurante
pleced on any ot sa~d build~ngs, any interrat therc~n or part ~herrof, un'vsi in ihe form and +n~ih ~he loss paYab~e as a(oresaid; and ir. ~he @aCnt any sum
Of rr,~ney brcomes payable under suth policy or poGcies s~id 1.!ORIGAGEE ~hall have Ihe option to rec~ive anJ app:y Ihe same on acccunt of 1he iod~bted-
ness secuted hcrob~r or to permit s3~d 1.10RTGAGORS to reteive and use it or any E,art tfic:oo( lor ethcr pur~•:,ses, ~viii~out th ~r. i~~ ~vai.i:~~ or ni+pa~~-
ing any eqv~ty, lien or ri9ht under or by virwe of ~hia mc '~ac~e; end in Ihe eveni sa .l A10+21GAGORS shall tor any reason fail to kaep the sa~d premise~ so
i~sured, or (ail to deGvcr pramptly any of said poGt~es of insu~a~ue to sn:d MORiGAGtE, er fail promptly lo pay {ully any premium therefor or in any
respea iail to perFonn, d~scharge, execute, ef(eu, <on~ptet~, comply wi~h and ab~de by ih~s ccve~~an~, or any part hareoi, said I.1GRivAGEE may p~ace ar.d -
< pay for such insvrance or any parf the~euf w~thou~ ~vaiv;ng or attectiiig any option, lien, equ~ty, or right under or b~ virtue of th~s Mortgage. and the +
full amovnt uf each and e.e~y s~ch payment sh~l! be im,ned~a?ely due and payable and sl~all 6:ar inrer~sl irom iha datQ ~hereof until ps~d at t}~e ~ate ol ~
nine per tcnturn pcr ar.~~v~n ar.:l tu3_itx•r •.aiti~ such int~:~~s~ af~3ii L~ s~curr.•~{ by the Gen of th~s mortyage.
4. To pcrmii, commit qr s~4ler ieo wasle, irnp~itmcnt or detcrioration of sa~d propcrty or any part thereof.
5. To pay a!I and sin~ular the costs, charges and expenscs, indud~ng a reasonab!e attcrney's (ee and costs of aL•stracls of title, incurred ur paid at
any 1i~r.e by s~~d h10R1GAGLE, betaus~ o~ in the evenl of th: ia~lurc on tltie part oi thc said MORTGAGOR to d~ly, promptly a~d f~Ily ~:er: ~rm, d~sch~rge.
execu~r, effect, comple~e, compiy vnth and aL:da by each and every t{~e sripu~at~o~~s, agreementi, cund~tions, and covena:~ts of said pro:niseory note and th~s
mo~igage any ~r e~~har, :~,d sa:d cosls, char9es e~d ~xpensas, each and evzry, shall Le immediately due and payable; ~n~hether ot not there he notice d>
mand, attempt fo collect or suit pend[n9; and the lutl amount of each and every such paynient shatl bear intcresl from the date thzreof unti7 pa~d at the
rate oi nine pe~ centum per annu^r, and a~t s3id cos~s, cFurg~s and E%E)l•l1SCS irxurred or paid, together ~v~th suth interest, shall be secuied by tne lien oi this ;
mortgage. ~ . s
' ~ 6. That (a) ia the evenl of any Lrcath oi th~s Mortgage or defau:? on ~I:e part of the h!ORTGAGOR, or tb) i~ the event any oi sa'd sums of money ~
herein refer~ed ro be not promptty ar.ci 1u11y pa~d ~v~th~~ th:rt~ (30) days ~ext afte~~the same seve~al~y become d~e and payable, wilhout demand or notice, ~
or {c) in the event each and every ~hF sfipuiatirns, agreaments, ccnd~tions and covenants of sa:d promissory note a~d th~a mortgage any or either are nof
iut ~rom tl • and full • erformed, d:scha~ d. erecuted, effe:trd, cor» 'eted, cu~~~~t:cd .•:i~h and ak~~ded 5• , then in ei~her or an such eveM the said a ~
j Y. F P Y ) P 9e" p• r ~ Y 9' )
gregate zum mention~d in said promissory nc:e then rema~ning u~ipald, with ineere~~ acu~rd, and atf mcneys secured hereby, shall become due and pay _
ab'•e forthwith, or thcreafrcr, a1 the opt~o:i oS s~~d h10RTGAGEE, as fulfy and comp;etc,y as ii ail of the said sums of money were origiiially st~pulated ~
to be pa:d on such day, anytl~ing in sa:d pro:n:ssery note or in ~h1s h5ertgagz to thc co»>rary nohvithstandiny; a~d the~eupon or thrreafter a1 the option of _
~ said MORTGAGEF, ~v~!hout nohc-: or demar.d, s•.:it at la.v or in equity, "therc~ore or d;cr_~after begun, may bc prosecuted as if all moneys secured hereby
Z had matured pnor to its institution. ~ • ~
• 7. That in thc ever~t that at the bcginn~ng o~ at any time pendin~ any w~t upon ti~is 1lorigage, or to tpretlose il, or to reform it, or to enforte
~ . payment of any c!~ims he~eunder, e3~d f.!ORiGr~G_c sha11 appfy to the Cour1 havirg ~ur~sci:c~ion thereof for Ihe app~intment of a Reteiver, such Co~r1 shall
i -
- iorih.v~~h a;:peint a receive. oi sa~d ~rp'fc}a~CCI c~c•p~~rt~ a1i a~3 s~ngular, inc;ud~g a~~ and s~ngular the income, pro(its, iss~es and.~evenues from whate~er
= sourtr d•~n.ed, eacn and every of wh:ch, i; i;eing eay:tess:y unders:ued, ia F:er.uy me:r;~~~j~d as if spe:~fitally set forth and desuibed in the granting a~d _
hahendum dauses h'ereof, and wch Receiver sttall ha+~ all th^ bread and eifec'~ve fer.t c-s ar.d po~veis in anywise eMrusted by a Court to a Receiver, and
~ s~ch appoinimc~N shjll bc madc by svch Cour~ as an ad;nitted cq~~iiy and a mattcr ef atsu!utt right fo said M.ORTGAGEE, and withcul ~eferente to the
adeqvscy or inndequacy of tfie value of the property mortgaged or to the so.ve~xy cr ~r.=clventy of sa~d fAORiGAGOR or Ihe defendants, and that such
rems, proiits, income, issues ar.d revenues sh~ll ba zpptied by such Receiver aamd~ng to the lien or equity of said MORTGAGEE and tne pradice of such -
Covrt. -
S. To duty, p~aruttv and fuily perf~;m, d~scharge, execute, effeU, com, !etr, cc:r.ply viith and abide by each and every the stipulations, agreemenfs,
eonditiens and covenants +n sa~d promissor~ no'e a~:d th"s mor:g3ge s-.~ iorth.
9. That i~ the ~ve:+t the owr.e~sh:p of thc mortgagcd premises, o~ any part thereaf, ~ecomes veste~ in'a persen other than the MORTGAGOR, the
h10RTGAGfE, 7fs successcrs ar.d as:~ans, ~nay, ~viihout nc~ice to ~he A',ORTG.?OR, dzal v:i:h such successor or succes;or in interes~ w~~h reieren~e to ~h~s ~
; mortgage and th~ debt hcreby se;vred in the same manner as ~vith r.:o:tgagor v~~thout i~ ar.y way vitiating or d~scharging Ihe fAortgagors' liability here- i
' under or uF~on the d~or h_reuy sea~rcd. no saie of tl~e Frem~ses f~~reby mortgaged ana r.o forFearance on the part of the IJ10R7GAGEE or its successors 1
' or ass~9ns and no extensbn of the tin:: ior ih~ p~ymer.t ot the debt h~reb~ secureJ given by th> f~lORTGP.GEE or its successors or assigns, ahall operate ~
io rz!•:ase, d~scharge, r.;odSf~ char:g~ or aifeci the o-ig;na~ ~:ao:!~t~ of tne ll,ORTGAGOR herein, either in v+hole or in part.
1Q. It is sFec~f~cafly agreed that Gm~ is oi th~ essence of this centract and that eo waiver of any_obligation hereunder or of the ~bligation se- ~
eurc>d h~reby shatl at an~ time t{~=rc'd{tEr be hr.d to 6e a v~aive: of th~ te:rns hereoi or of the instrument setured herby. - ~
11. In aod•tio:i to ~t;e fe+egc'ng mor,'hiy c:ay:n_c:~s of pri~,~ p~l and interest reyu~rrd 6y the prom'ssury no!e secured hereb~/, mortgagor covenants =
and a rees to •~a to n:orf. _e~e ~•.+!h each. ,romh! 3 r.:e;~t ~n add;rio^aI sum esn•r.ateci b• nzorf a ee to be e ual to i; 1? of the annual cost of the follow- - t
9 r Y YP, i 99 9
ing. ~ _ ~
- A-All real proFc{ly taxes Iev1~
: oz assasseci ayai~~st the above descc~~..d real estate. ~
_ 6-Pre:n+u~r.s on fire and •.cindstor~r: ~ns~.;rar.ce a, here;n r~qu;red to he ca~:ied en the :mprovementi situafe on the above d~zcribed premises. {
_ ;
- _ C-Prer,:~ur.:s on svch r-~ortg;ge guarant~~ ir.surar,ce as r.:c~tqagee shaSi fro~- 1'~,-_ ro ti~n< deer,~ fit to carry on the foan secured hereby.
hlortqagee sha~l lrcm :~m~ to time nvtify n-ortgegor in r.r~ting o~ the ar::ovnt d~e and payable hereundar and such sum shall thcreupon be due and ~
_ paqabtz on shc d~e oate oi"ehe r.ext n:o~th!y payment ar.d zach successive rnonth thereafter urdil mcrt9agee shall rofify mortgagor of a change in wch t
a:r.our:r. Su~h svms s~a:l bc ap~~iierl by mc:lg y.e ta:;r.d tFe payme ~t of real property taxes, ins~rance prem;ums, a~~d morigage guaranty inwcance i
~ premiums. ' .
' IN '::IT?JE~S '~~HER~OF, tF.~ sa[J P1;ORTGAGQR has hereunfo set his hand a I the day and year first aEoresaid.
# Signed, Sea!ed and deti~ered in the presence ot: f~~p Al1~ AEC4~~~ ~ ,
- iT.ltlClf C"UNT1f ~p `i~~u :~-~.-v ~
- - . IIOC£fl P0ITRAS- y ~ 1
CLEEIK CIRG4lS COUM - (Seaq
; - ~ !lf_CBRD Y~R FtEa (s~~)
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s ~ _ (Seal) {
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STATE OF FLORIDA
~ SS. ~ -
_ COU!JTY Of St._ Lucie _ i
~ Travis O. Newton -
Befe~e me FB~Sd:~u;ly aapee"=d - and
_~Q,~~ B. N2WtQI1 _ his wife, !o me well k~own and known to me to be
the ind~viduats described in ~nd who executed the foregoing inst~~ment, and ackno;~•iedged before me that they executed the same for the purposes
there~n expressed. -And the s3:d_- V@Zc~ B• N2WtOl'1 -
wife of thA Sa~a _s_ Travis 2WT:nfl ' , upon a separate and private _
. exam~nat~on by me taxei separnte and apart from he~ said husband, acknov~ledged to and before me that she executed said instrume.-.~ freeiy and volun- -
i farity a~d w:thovt any compul~ion, consriaint, ap rehens:on, or fear of or fr;,m her said husband. -
~'IITidESS my hand ar.d offic~al seat ths- ~7th day of---`TUn~ A. D. 19 75
_ _ - ' ~ ~YC.-o ' '
. _ - Notary Pvblic in and i the S te of Ftorida at Large
My Commission expir s:
Return To: ~ -
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first Federal Sa~in3s F. loan Asscc+at~on ~ " ` ~
. Of fo:t P:e:ee. . . ' . • "i, GI9I7^1
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I ~ . FcrS Pierce, flcriJ3
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This Instrument Prepared By Richard K. Ka~yes t
yf~y
. First Federal Savings 8~ loan Association _ - . ~ ~ ~'~=~%,';~'s_
s - of Fort Pierce~ Florida . _ : ~ : : r~ _ ~
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