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3. To pace and ca.tinuarFly keep on the Iwild-ngs :sow's Fsersafter s;twta on aald farad end on all equlprnent and personally covered by this mortg-
age, Kith all premluma tfiereon paid M full, firs Msurersce H: else wwl ttandsrd polcy ,orm, in a wm approved by thw MORTGAGEE, end '«indstorm
Insvrrnee in the weal standard polity form, In • tuns apptowd by tM MORTGAGEE, in ouch comt+any r,r companies n tM MO°1GArEE may
diretl; and all firs anrf windstorm Inaurersca poikfH art My ~f aid fosrildinga, any inteteat Ifsarein or par! thereof, In the aggregate wm aforesaid w
to azcaaa t)ura:,f, shalt contrln tM usual standxd mortgagee .k~»e or suth other dawn as the Mortgagee may require, maklrsq tM lose under said po1F
cite, each and wary, payable to e~ld MORTGAGEE as its Irsta~teet may tppear, and each and every such po;icy shall ba promptly •uigned and daliv~red to
any held by wid ti~ORTGAGEE u rvrtMr secwity to old mortga,;r debt, and, not Isss than ron (10) drys in advance of the •:piration of each policy, to de-
liver rosaid MORTGAGEE a renewal tfts~reof, togetl»r with a recelpl for rise premium of such renewal; and -her• shall be rw fire or windstorm insv:ance
pixel on any of tab bu:tdfngs, any interest thcvain w part tMraof, trnleu In fha form and with iho lost payable a oforsald; and In tM avant any wm
of money becomes payable under such policy or polkies acid MORTGAGEE shall haw Tfsa option to receive and apply the soma on account of the indebtrd-
rross secured Mreby or to permit said MORTGAGORS. ro recalve end ua iT or any part thereof for other purposes, without thereby waiving or unpair-
ing env equiy, Ilan a right under a by Wrtue o} this.tttortgage; and 1n t)ss avant said MORTGAGORS shall for any reason fall to keep the ,aid premises so
insured, a fail ro delhrer promptly any of old policies of Insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
respect fall ro pertanb dtacharga, estsevro, affect, comgleq, comply with and abide by this covenant, w •ny part hereof, said MORTGAGEE may place aid
pay (a such Inwrance or any part t)sereof without walv{ng a affecting •ny option, lien, equity, or right under or by virtue of this Mortgage, and rhr
full amount of each .and every such payment shall be immediately dw end payable and shall bear Interest from tM date thereof until paid at the rare of
nine per untum pot annum ar.d together with such Interest shall be secured by the lien of this mortgage. .
4. To pertmit, oorrwtdt d wffar rw waste, impairment or deteriontfon of said property a any part thereof.
S. To pay ell and singular tM cwh, charges end •xpenas, including a rcasonabie attorney's fee and cosh of abstracts of title, interred or paid at
any limo by said MORTGAGEE, bsuuse or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge,
execute, affect, compote, comply with and •bids by each and every the stipuluions, agreements, conditions. •nd covenants of said promissory note and this
•xtgaga any a either, and aid coats, charges and •xpenaes, each and awry, shall ba immecrataly dos end payable; whether or not elute to notice dr
mend, attempt to collect or suit pending; and the full amount of each and every such payment shall beer interest from the date thereof until paid et the
rate of nine par cvnrum par annum; and all raid coats, charges and expanses incurred a paid, together with Fuck interest, shall ba itecured by the lien of this
mortgage.
6. That (s) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, a (b) In the anent any of said sums of mor{by
herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, viithout demand or notice,
or (c) In the want oath and every the stipulations, egreemenra, conditions end covenants of aid promissory note and this mortgage any or either are not
ivty, promptly and fully performed, discharged, exewted, effected, completed, complied with and abided by, tMn in either or any wch event the said sg-
gregat• wm mentaned !n laid promiuory note then nmaining unpaid, with interest ac~.rtxd, end all moneys secured hereby, shall become due and pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as folly and completely at if ell of the raid wms of money were originally stipulated
to be oaid on such day, anything In :aid promiuory Hots or In this hlortgsge to the contrary notwithstanding; and thereupon or thereeher at the option of
said ivtORTGAGEE, without notice or demand, suit at law or in equity, thersfas e' thereafter begun, may be prosecuted as if all moneys secured hereby
had matured greet to its institution.
7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to iorecloa it, or to reform it, or to enforce
payment of any claims hereunder, Bald MORTGAGEE shall apply to the Court fuving jurisdiction thereof For tie appointment of s Receiver, such Court shall
forthwith /ppoint a receiver of sold mortgaged property all and singular, including all end singular the income, profits, issues end revenues from wherever
source derived, oath and every of which, it being expressly vndentood, is hereby mortgaged as if specifically set forth and described in the granting and
habendvm clauses hereof, and such Receiver shall have ell the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity tract a matter of absolute right to said MORTGAGEE, and witho•;t reference to the
adequacy or Inadequacy of the value of the property mortgaged or to the solverxy a insolvency of aid MORTGAGOR or the defendants, end that such
rents, profits, income, leaves and ravenuas shall be applied by, such Reteiver according to the lien or equity of said MORTGAGEE and the practice of such
CO V rt.
8. To duly, promptly and fully perform, discharge, execute, affect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants in said promissory nuts and this mortgage set forth.
9. TMt in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a l,erson other then the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage end the debt hereby secured in the erne manner as with Abrtgagor without in any way vitiating or discharging the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the N10RTGAGEE or its successors
or assigns and no extension of the time for the payment of the ,'sot hereby secured given by the MORTGAGEE or its tuccestora or assigns, shell operate
to release, discharge, modify change or effect the original liebiliry of the MORTGAGOR Mrein, either in whole or in part.
10. It is spatiiflcslly agreed that time is of the essence of this contract and that no v+aivsr of any obligation hereunder or of the obligation se-
cured hereby shell at any time thereeher be hold to be a waiver of the terms hereof or of the instrument secured herby.
l 1. In addition to ,he foregoing monthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1 ~ 12 of the annual cost of the follow-
ing: '
A-A!I real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises.
C-Premiums en such mortgage guaranty insurance es mortgagee shall from rime to lima deem fit to carry on the loan secured hereby.
Mortgagee shall from. time to rEme notify mortaeoe- in writing of the amount due and payable herev.tder end such sum shall thereupon be due and
p~yab;e on the due date of ihr next monthly payment and each svccessivs month thereafter until mortgagee shall notify mortgagor of a change in such
a.novnf. Such svmt shall be applied by mortgagee toward the payment of roal property taxes, insurance premiums, and mortgage guaranty insurance
premiums. •
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto at his hand aid seal rf,e day and year first aforesaid.
igned, Saal and del' ed in the pr co of: r
' ~~ • (Seal)
a
J... , I)
(Seal)
STATE OF FLORIDA
SS.
COUNTY OF es.- r_..~~~_ .. Tlitlltli;,,,.
M H Honeycutt ~~~~•~ ~~'~ -and
Before ma penonally appeared ~ .~ ~
~j~i& Va~~ HonQ~j,CUtt hh wife, to me well kno~,~r~`an~.klit~i~a~l6~mr-)v be
the individuals desvibed in and who •xecuttsd the foregoing imtrument, and acknowledged before ms that ti.~y execrte~ ~flg~bf~(1F~~?'f~ lsk ~
,~ ;,
therein expressed. And tM said I~u1R V '+~a~-Z~~l-i ` ~ ~s,., ~-
wife of the said .~a H~ N~ne4eui/t - .~pfrtiwOt~~atns.¢rMtb
examination by me taken separ+ts end apart from her said husband, acknowledged to end before me that she executed ,a,yl ' ~y "1S'lfTy a~~ vo!vn-
tarify and without any compulsbr;, constraint, appreMnsion, w f r of or from Mr said husba~ J ' •~.. ~~.;Qj,V .(, J
WITNESS my hand and official sal this ~~ T~ day of ~`-' =~- ' ~~ ., +~:~;}9
~~//~~ ~~ nn __ •....•• •~
fry Publ~, in and f$/'hs Starr of Florida'6T
Commission expires:
Return To:
Flnt federsi Savings L loan Association
Of Fort Pierce. 9 ,'°•r
Fort Pier~,F~Af~± ~_-7 -~. ~Y~yo
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' ~~ ..c1~•U f,.=`~ROG~R P017RAS, CLERK
ti.:,~-,,::.,.,:::~~ -- LUCIE COUNTi', ELORIBA
Notary PYhlic, State of F{orda at largo
Fey Co:arnission fxairas t~,.c. 3, 1465
ksdsd /r wr.sr;;ap fca a Grv.ar co,
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