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And iaid h!origagors. (or thrmielve~ and lheir ~eirs, legal rep~etematlva~, succes~ors and assigni, htroby jointly end teverolly tovenent and apr~e b
Io end with the said h10RTGAGEE, its successors and ~ssigna:
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l. To pay ell and singutar the principal and intereit and the va~ious and fundiy ~umf of money peyablo by virtue of faid promis~ary ~ota, ~~d thi~ ~
mo~tgage, each and every, promptly o~ ~he days respectively the same aevarally become due.
2. To pay all and ~ingular the taxes, a~sessment~, levies, liabilitief, obligations and entumbrontet of every nature end kind now on ~eid detcrited #
propc~ly, or tha? hereafte~ may bc imposed, suf(ered, placed, levied, or assested thereon, or that hereafter mey be Ievied or eszatrd vpon thit Morty-
age, or tha indebtedness ~ecvred hereby, eath and every, when due and payable, according to law, before they brcoms delinquent, and beiore any interaN
altaches o~ any penalty ~s intu~red; AND IN50FAR .45 ANY THEREOF IS OF kECORD iHE SAME ShAll 8E PROMPTIY SATISFIED AYp p15CHARGfD OF
RECORD AND THE OR(GiNAI OFfIC1Al DOCUMENT (SUCH AS. FOR INSTANCf, TNE TAX RECEIPT OR THE SATISFAC110N PAPER OFFICiAIIY ENDORSED
OR CERTI~IED} SHAII BE PlACEO I!~! THE F1AND5 OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AF1ER PAYMENT, and in the evenl that any thereof is nol
paid, sat:s(ied and d~scharged sa d MORTGAGEE may at any fime pay the same or any part thereof without waiving or affecling any option, lie~, equity or
riqht under or by virtue o( this rnortgage and 1ht full amoun! of eath and every ivth payment shall be immadiately due and payable and thall bear intcrest
From tne date thereof unt~l paid ar rate of eighl per centum pei annum and togeiher w~th svch interesl shall be secured by the lien of th'f morgtage.
3. To platv •nd contlnvou~ly kaep on tha bvilding~ now or heraafter ~ituete on seid I~nd ~nd on ell equipment and pertor~elly coveted by thlt mcsrtl-
~q~, wlth •II pr~miumi thereon paid in futf, fire in~urencs in Ihe usual standerd poticy form, in a ~um approved by ~he MORTGAGEE, and wlnd~torm
Iniur~nts In th• usua) •tandard policy fam, tn a tum •pproved by tha MORTGAGEE, in fuch ~ompany ot tompanies Iha A10RTGAGEE mey
dirsdp ~nd •II firo end windito~m inwrance policies on any of ~aid building~, eny interast thereln vr part thereof, in the aggregafe wm eforesaid or
fn excrtt thereof, thall contefn the vtua! ~t~ndard mortgages cleuse or ~uch other cl+uie the Mortpagee may requ~re, msking the loi~ vnde~ ~aid pelF-
cte~, each ernt avery, payable to seid MORTGAGEE es its intere~t may appear, and each and every such policy ~hell be promplly ass,yned and delivered to
a~y held by ~aid MORTGAGEE as furlher security to said mortgage debt, and, not tosi than ten (10) dayi in advenca oF Ihe expiration of e~ch policy, to ~e-
liver to ~e3d R10RTGAGEE a re~ewal thereof, toge~her with a receipt for Ihe premi~m of such renewal; and there thell be no fire or windstorm t~tvrsnce E
placad on eny of teid buildings, any in!erest therein or part thrrtof, ~nlees in the form end with 1he losf payable as aforetaid; and in the evanl a~y sum ~
of money btcome~ payable under ~uch policy or policirs :aid MORTGAGFF ~hall hava !he option to receive and apply the teme on account pf tha indebted-
rnts •ecured hareby or lo ptrmit said MORTGAGOR$ to receive and use lt or any perl thereof ior other purposes, without thereby waiving or impair- ~
Iny ~ny cquity, lit~ or right under or by virtue of Ihis mortgage; end in Ihe event ta(d MORTGAGORS shall for any reason feil to keep the faid P~emisei to ~
In~ured, or fail to deliver promptly any of snid politiet of insurence to seid MORTGAGEE, or fail promptly to pey fu~ly eny premivm ihere{er ot in any ~f
retped fail to perform, discharge, execute, effect, complete, compty with and abids by fhis covenant, or any part hereof, ~aid MORTGAGEE mey place end €
pay fa ~uth Imurance or a~y part thereof withaut waiving or affetting any option, lien, equity, or ~ight under or by virtue of this Mor~,~age, and the ~
full ~mount of each and every iuch payme~t ~hall be immediately dua and payable and shall hcar intere~t fram the date thereof until paid at the rate o} E
nine per cent~m per annum and togelner witn such interest shall be secured by the fien of ihit mortSage.
4. To permit, commit or suffer no K•esre, impairment or deterioration of said property or eny part fhereof. ~
S To pay atl and ~in~uler the cost~, chergts end expenses, including a reasonabte attorrtey'~ fee and costs ot abstracts of title, Jncurred or paid et ~
any time by teid MORTGAGEE, because or in the event of the feilure on the part of the •aid MORTGAGOR to duly, promplly and fully periorm, di~char9o,
szacute, effect, complete, comply with and abide by each end every the stipulations, egreementi, conditions, and covenantt o( ta?d promissory note end thi~ ~
er.a 'a:d toa!~, th-r,-~ a~d er;+.•~a..a ..ar6 wnd rvrrv: ~hall 6e tmmediately due end payable; wh.ths: o~ nol thera be notita de
mand,~stfempt tovcollect or suit pending; ar.d the futl amount of each and evtry svch payment sha}I bear interess irom t~e date tneteoi ~ntii paid ai rne
rata of rtine per centum per annum; and all said costs, charqes and expenses inturred o~ paid, together with tvch inte~est, ~ha!! be setutsd by the lien of this
mortpi9e.
6. That (s) in the avent of rny breach of thi~ Mortgage or default on the part of the MORTGAGOR, or (b) in tho svent any of iaid tvm~ of money
hetefn referred fo ba not prornptly and fully paid within thirty (30) days nexl after tha tama severalty become dUe and payablt, witAouf demand or notice,
or (c) tn !hs evant rach end every the stipulations, agreement~, condition~ and covenent• of aa~d promiisory nole and th~s mortgage eny or either ~re not ;
~uly, promptly and fully psriormed, d~scharged, executed, effected, completed, complied with and abided by, then in either or any ~uch evenl Ihe e~id ag- ;
$rtgate !um msntioned in aaid prom;ssory note then remeining unpaid, with interest accrved, and a!! moneya secured hereby, ihall becoms due •nd psy- `
ahls fo:thwith, or thereafter, at the option oi said MORTGAGEE, as fully and completely at if all of the said sums of money were origineiiy ~tipuiatni ~
to be paid on such day, anything in se~d promissory note or in this Mortgage to the contrary notwithslending; and tAereupon or thereaite? at the eption of
teid MORTGAGEF, w'ethoui notice or demand, suit at law or in eqvity, therefore or thereafter begun, may be proiecuted as if all money secursd hereby '
had matu~ed prior to its institution. ~
7. That in the event that at the beginning af or at any time pending any suit upo~ thi• Mortgage, or to foreclose it, or to reform it, or to enforte =
payment of eny ctaims hereunder, ~aid MORTGAGEE ahall apply to the Court havirlg jurisdictian thereof for the nppointment of a Re;eivar, tuch Ccwri shell ~
(orthwith appoint a receiver of said mortgaged properiy all and singvlar, includmg all and ~inguler the income, profits, iss~et and revenve~ from whatever
•ource derived, esch end every of which, i1 being expreesly understood, i~ heroby mortgeged as if specfficaily set forth end dtstribed in the grenting and ;
habandvm clav~es hereof, and such Rectiver shall have all the broad and effective funcrio~s and power• in anywi:e entru~ted by a Co~rt to a Rcctiver, and ~
•uth appointment shall be made by such Court as en admitted equity and a rrutter of e6solute right to iaid MORTGAGEE, and withovl refetence t~ ths
adequaq ot inadequacy of the value of the property mortgaged or to the solvency or insalvency of said MORTGAGOR or fhe defendentf, and thet euth ~
rant~, prqfitt, income, iiives and revenues sha~l be apptied by ~uch Receiver according to tl:e lien or rquity of said MORTGAGEE and the praaice of such
Court. ~
8. To duly, promptly and fully perform, discharge, axecute, effed, tomplete, comply with end abide by- each end every the tfipulation~, a9ntemenh,
mrtdiilonJ and coven~nfi in said promissory note and this mortgaga set fotth. . ~
9. Thef In the event ihe ownership of t{ie mortgaged premises, or any p~rt thereof, becomet vesftd in a person oth~r tMrfi'tlia; MO~TOqC,OR, tM
MORTGAGEE, Itt wcce:sors and assigns, may, w~thout notice to the MORTGAOR, deal with such s~ccessor or wccessor in `intet2it, avibh .cq'Putr~_lp fRis
mottpaQe end tha debt heroby secured in the same manner a• with Mort a or withovt in an wa vitinti `
9 8 y y ~g w~d~schargiRg•1ha~.lJlwfgagon^I'~pbiCrt~•,hers-
ur?der or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearonce on the part o~'ths 1JlnRTGAGEE or jfr.iucceswn
of •ui9ns and no extension of the time for the paymem of the debt hereby tietured given by the MORiGAGEE or itt_t~te3sort w assignt, shall opdrat~ ~
b rsless~, discharQo, modify chenge ~r affect the original liability of the MORTGAGOSt herein, either in whole or IR.part.' . _ .
10. It if specifically agreed that time i~ of the essence of this contrad and that no waiver of any obligatior~ herevnder or of tF» obli9~tiort ce• '
Nred henby thell et any time thereafter be held ta be a waiver of the terrtu hereof ot of the instrumant ucured herby. : - ' -
11. In addition to the foregotng monthly payments of princ pal and ~nterost requ~red 'by the promissory note secured, F,~reby4 mpf74~$eT• ~ovinenh '
and syrets to pay to moriga9ea w;th each monthly peyment an additional tum ettimated by mortg~gee to be equnl to 1/12 oI'~he'~nptral_tp'st•of•ihe follow- y
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A-All r~~) proparty taxet (evied or assessed again~t the above described real estate. i
B-Premiums on fire and windsform in~urance as htrein tequired to be cartied on the improvements situate on fhe ebove dtsv+bad premise~. i
C-Premiumf on soch mortgege gunranry insurance ai mortgagee }hall ftom time to fime deem fit tp carry on the loan ~etured heroby. ~
~ MoAyagee ihall from time to time nmify mortgagor in writing of the amount due and payablc hereunder and tvth sum shall thereupon be due •nd ~
payable on the dve date of the next monthly payment and each successive month thereafter until mortqagee shell notify morfgagor of a ch~nge in •uch ~
amount. Such sums ~hall be app:ied by martgagee toward ihe payment of rael property tnxes, insurance premium~, and mortgaga guvanfy insurance ~
prem(ums.
it1 ::•:::QF^`, sa;a MflRTGAG4R hr~.~{p~~nto ~st his hend and seal the day and ear fi~yt aforesnid. n
Sifl S~aled d ver tn ths pre ce o ~ ~N E C aR p~p j l \
tLR00K . s~ao '
~CG~Bt-tcGL~ an ~
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_ 'b6 ~I6~~ ? FI~ 5 7 cs~.q
STATE OF FLORIDA ~ ~ ~ J ~
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courmroF St I~uc~e f~t~G~f; ,~;i~~ CL~RK `
d~fore rt» penonally sppeared T. ^ N 7 a~ t
ta dwin tit. ..,.F~, LL._~~ ~.,,_;.:r. e;~± k~n to rr+~ to br ~
th~ ktidividwlt desuibed ind who sxecutad tha foregoiny instrvme~t, and acknowledQed before me that tt~ey sxecvted ths tarr» for tM purposef ~
tMr~tn ~xpre~; `the - C 3 i l D i~ Odj~1 ~
t n
wN. of,rh~'`Ntd' - = ee 5~ dt•: ~n upon s s:p,rat..nd prlvat, ~
ex~mic~a~3qn-6y.nH•1~t r~1e¢i(tats and ~Fart frem her ~sid h~aband, acknowledged to and before me that sha ezesuted t~id tn~trum~nt fteely •nd vo!urr ~
tuily'an~'yrtt~?out +ny fc~ni~yliton, con~troinr, apprehsasion, or fear of or from her s~id hvsb~nd. +
~:~1lITF1E5~ my~hir~ ~~c{yiffkiaf ieel tht• ~7f:h de of '
. . Y A. 19~
-7, _ - - •
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_ , ~ Notary Publ}c In ~n r th~ Sf~ts of Florida it L~rg~
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, ~ - My Commiaion sx :
, i-'• . Ret~rr~•1°i- ~dr @
itotary Pu6lic, State oS florid~ zt g
tiHseA} 'Fjd~iil 'Si'vin~.'t4 •toan Associ~tion ' r h 1. 1`7b9
t ~j CS t~d C
L ~ all R Cemm~u~o:? ExP~:
~ ,•~~~~.9f ?f.~ ~AK~ COYR~f DQ~K `~y E.td~d EY Ar_r:ar. f.re a Cz..airy Cu. q~
Ft. Pierce, Floridn - _ _