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3. To pia.:. aoci contlt'uoully ke.p on lhe !wildingl no,' Of hereaft.r .It. '11. on ..id Ilnd and on III equivment Ind personally covered by thil mortg'
eg.. with all pr.mium, rheraon paid in fu!I, firo In,uranu In th.. L'IUII ,tlr,ard policy form, In a 'vm Ipf-'ov.d by the MORIGAGi:E, ,..J windl.o"n
InlUrance In Ihe uou.1 ,..ndard policy form, In a .vm approved b)' t~ oAORTGAGEE, In I-xh comp..ny or comp.,ieo II Ihe MORTGAGEE nUr
ciirOKI; and all fir. and wind.lorm inlvra"". polickt. on any of .ald wilding., any Inter. I' lherein or parI Ihereof, in Ihe aggr.Qate lum afote,aid or
In exc... lhereof, .hall cor,lain Ih. vlvll 'Iandard morlgagee dav'. Of .,}ch other c1au,e II Ihe Morlgageo may require, making Ihe 10.. vnder ..,d polio
ciel, each and every, payable 10 uid MORTGAGEE al iI, Inlere.1 may ap~ar, and uch and ev",ry luch policy ,hall be promplly a..gned and deilO'Ned '0
Iny held by ..ie: MORTGAGEE a. fvrlher IOcurily 10 .aid morlgage debl, and. nol Ie.. Ih.n I.n (10) diY' In od,'once of ,ha expiratio" of e>eh pol,ev, to de.
liver 10 ..id MORTGAGEE a r.newal lhereof, logelher with a rOKeipl for Ihe premium of luch renowll; and Ihere 111111 be no fire c" wind"orm in'urance
placed on any of ..id building., any interell Ih.r.in or parI Ihereof, vnle.. In the form and with Ihe Ion pay.ble al afore,aid; and in the e'ent 0"1' 'u'"
01 monoy bec"",el paylblo vnder ouch policy or policiel ..id MORTGAGEE Ihall havo Iho option 10 recei'e and Ipply Ihe "me on accovnl of Ih" ind,'bled
nen lecured hereby :)r to permit laid MORTGAGORS to receive and UM it Of any part thereof for other J.iUrpou"5, 'wilho-..J' ,h_'~t~l>1 ....~~I...JlhJ " ".' II"'
Ing any equily, iiln or right vnder or by vlrluo of Ihll morlgago; and in Iho event said MORTGAGORS ,f,all lor any realon Lillo \ee,> the ,aio prem;,,', '0
in,ured. or flil 10 deliver promplly any 01 ..id polici.. of inlvr.nce 1(' ..id MORTGAGEE, or iail p,omptiy to pAy fully anf prem.um therelor or in ."1
respect fail to perform. discharge, exe\:ute, effect, (omplc-te, corrply wilh and abide by this CQvene.nf, or dny p.ut here,,', said "'....ORiGAGlE rn3'f pl~c" -\"0
pay for ouch !,lIuraneo or any parI Ihereof without WAiving ()( affeclirg Iny oplion, lien, equity. or righl under or by virtue 01 thi, Mortgage, and .h,
full amount of e.c" and .~ery luch paymenl Ihall be immedillely duo and payable and Ihall bear inlere,t from the dale Ihereof vn.il pa,d al .he role 01
nine per centum per Innum and together with such interest ,hail be 'ecur~d by the lien of this mortgage.
~. To ~rmil, commll or svffer no wasle, Impairmenl or deleriorl.ion 01 said properly or any part Ihereof.
5. To pay all .nd ,ingul'f the costs, charges and eJ(p~nf~l, including" reasonable attorney', fe. and COlts of ab,'r~cts of title, incurred or p~id 3'
Iny lime by ..id MORTGAGEE, becaule ()( in Ihe evenl of Ihe hilvro on Ihe parI c' I~e laid MORTGAGOR to duly, promptly and fully perform, d."ha.gc'
fJ:~cute, effect, complete; comply With and abide hy each end every the stipvlOlions, agreement., conditions. and cov~nl!ln" of said pro'niHory not~ a,ld ih,~
mortgage any or eirher, and laid COUI, chargel and expenses, each and every, shall be immediately due lInd payable; whether or not th;:re be notice {L~.
mand. attempt to collect or luit I="ending; and the full emount of each and every luch payment s"'.:1I1 bellr i:1fe.cst from the ddlfe thereof untii p"ld at the
rate ~f nine- ~-...er centum per annum; ..nd all uid COUI. charges -5nd expenses ir,curre<1 or paid, together With ~uch interest. shall be 3oE'c\..'r~d by Ihe li~n of Ihls
mor:gago,
6. ThAI (a) in Ih.. event of any brelch of this Morlgage or defavlt on the parI of Ihe MORTGAGOR. or (b) in Ihe event any of sa,d 'urn, of mone)
herein referred 10 be nol promplly Ind fully paid within thirly (30) day, nexl aher Ihe ,orne leverally become due and payable, Io'o,.houl dcmao;d or nu"c':.
or (c) in the event each and every the Itipulations, agreements, conditionl and covenants of said prominory note i.nd Ih;. mortgage any or cith~r arc nol
July. promplly .nd lully perlor",ed, d,schorged, exec"'ed, effected. compleled. complied wit;' and ab'ded 'oy. Ihen in either or any luch e,ent the s,vl ^J
gregate lum menlioned in laid promiuory note then remainin~ unpaid, with interest acc:'ued, and all moneys secured hereby. shall become d:..;e and Pdf'
able forlhwith, or Ihereofrer, .1 the option of ,aid MORTGAGEE, .. fully 100 cample.ely a. if all of the ,.:d Ivml of money were o"ginaily ",,'U,"kJ
to be paid on such dal, anything in said prominory note or in this "\ortgage to .he contrary notwithshnoing; and thereupon or theredftcr ~t tr.e Oi-Jllon of
SJid MORTGAGEE, without nc,ti.o;e or demand, luit at law or in equity, therefore or thereaher begvn. may be prose;:uted ~s if all moneys secured hf:rt.:b,
h3d matured prior to its institution.
7. lhat in the event that at the beginning of or at c'"y time pending any sui. \.'pon this Mortg!ge. or to forecloJe it, or to r"form it, or to enforce
paYl'jlent of dny' claims hereunder. said MORTGAGEE shal! apply '0 the Court having jurisdiction thercof for the appointment of a Rl.'c~'iver. such Court 3o~lJ!l
forthwith appoint a receiver of said mortgaged property all and singular. inclvd,ng all and singular the income, profils. iS30UCS and revenues frorn ....hJteVl...r
source deri....ed. each and ever\{ of which. it being expressly understood. is hereby mortgaged as i; ,pecificall'{ sel forth and dt:.scrlu':d in the grdrl'ing dl'O
habendum clauses hereof. and such Receiver shall have all the broad and effe<tive funCllon1 and powers in anywise entru30ted by e COUT' to a Rt:(l.i,,"er. ar;J
such appointmenl shdll be made by such Court -51 an admitted equity and a mailer of absolute right to said MORTGAGEE. and wllh'Jut rcfert.-'rlCe to the
adequacy or inadequacy of ';lC value of the proper'y mortgaged or to the so;vency or insolvency of ...id ''''OR fGAGOR or the defend'tnts. d'1cJ :h6t suth
rf'na. profits. income, Inees and revenues shall be applied by such Receiver accordIng to the lien or equity of said MORTGAGEE and the pr.'tcllce of such
Courl.
8. To duly. prorlptly and fuily perform, discharge. execute, ~fhcj, complete, comply with and abide by zdch and ever\{ the stipuiation30, agrccm~nu.
co..ditionl and covenants in said prominory note and t~:s mortgage set forth.
9. That in Ihe evenl Ihe ownersh;p of Ihe mor::;,.;;ed premile,. or .ny p.rt Ihereol, becomel ve,ted in a person o.her than the MORTGAGOR, .he
MORTGAGEE. it, succeuor. and assigns, may. without notice to the MORTGAQR. deal with such succencr or Ivecenar in inten,:st with rt:krcncc to 1h,!!.
mortgage and rhe debl hereby secur2'd in the same r.-,:nner as with Mortgagor without in any WfJY vitiating or dischllrging the MOrTgdgOrS liabilify h':.'rc.
under or upon the debt hereby secured. No sale of the premises hereby mortg~ged arid no forbearance on Ihe pan of the f.J\ORtGAGtE. or its !ucce!.H.I!S
or anigns ar'\d no extension of the lime fer the payment of the debt hereby secured g;ven by the MORTGAGEE or ih SvC(,!'Hor1 or ou.gns, shdll opCfule
10 relea,e. d.scharge, ",<><l;fy change or affecl the original liabillly 01 Ihe MORTGAGOR herein. eilher in whole or in part.
10. It is specifically agretd that time il of the essence of this contract and thdt r.o wailr'er of any ob!:gat;on herewnder or of tr.e obligation s~.
cured hereby shall at aoy time t~crcafter be held to be a ....aiver of the terms hereof or of the instrument secured herby.
11. In ~dd,tion to the foregoing monthly paymenh of prirc'pal and interest required by Ihe prom:ssory no!..: 3o!'ClJrC'd hen.hi. morlC)J'y:.r (oven.lTll!.
and ugrecs to pay te. mortgagee with cd,h monthly payment an addItional sum est,nldled bl mor!gd~ee to bc C4udl to 1 12 of 1h.-, <Jll'-iU,JI CO!>l uf the fo:lo,'.-
lng:
A All real property talle-s le'"i.:-d or assessed against the duove describtd re!!l estate.
o Prt':ni'.J'TH on fJr~ and windstorm insurance as herein requ"ed to be carrieo on 1he improverncnf30 s;tU<lfC on the above de!.uitH'd prt.'rnises.
C Pre:lllums on such mOrfg;ge guaranty insurance as mortgagee shali from t;mc to time dt:rem iit to orr., on the iOdn sccv~('d hl'rdJy.
f.'\ortg"gee 3ohc!lil frern time to time notify mortgagor in 'Nritlng of the amou:J1 dwe and payable hcreuml.."T dod !>uch SU'i1 Sh.l:l thl..'~L'ul'on ii'_~ due d"d
paynh'e 011 Iht: due ddle of the nellt rllo.,thly payment gnd e~ch successive month tht:re.;lftl'f until mortgdget:' sh<.lll nOllfy rnor:~)J~or of d Ch.lfl::JL' in s'.Jch
<'.'iloun!. Such surn, 3oha:i l>c applie.::t by mortgagee toward the payment or real pro~ert'f tdX:CS. insurance prCJn:ums, ar.J rnOrfYJge gL,Jrdr1lt :nsur<.lf\c.C'
prc.niurl1s.
MORTGAGOR h., hereunto ,et hi, hand and ,e' I .he
01:
uay and )tedr first aforesaid.
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STATE OF FLORIDA
~t. Lllcie
55.
C:OU:-lTY OF .
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__ hi. wile. 10 me well knowr' ~ 'k.tl'.'m 'If>rr>e:.to b"
acknowledQed b<.fore me tha; they execuled.3f){)~e for Ih. P~~I.
-' ..:p~-:~.~..
_ _~: U~'1' ;ep8rl'ea~B 'pri';"'~
executed said:instl'\Jma.t;.l't freely ~nd'~o~(}a
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01 F!erid. ot La"110
f\ 1 1 fill.-___
Before me penon.lly appeared ,T ~i:1 P.!'l r;
____-.C.arol yn A,~_JlJlen
Ihe individuall descril.-..:d in and who execuled the forego:ng in1IrL'ment. and
Iherein expreued. And Ihe ,aid-.J:p.rolyn A. Allen
wife of the I.id .Ta1"16S (To Allen
eX:.!Iminafion by me taken separate and apart from h~r laid hvsb~nd. .!cknowledged to and before me that she
!uily and without any "ompulsion. conllraint, app~ehension. f fear of or from her said hVlb.nd.
~'''TNE55 my hand and offICial ,..I thi, _?__3-t day of Pebrtl~_ r
:--~.)" ~/ cP'>v0~ (' C
Notary Public in and lor th. S!ate
My Commis.ion e~p;rel;
Notar)' f'uh:(. S!''ite of FJor:da at LMi'~
r,.~y C0r11111 ~(.> UIl [ ,p!res Nov. 3, 1 'j-~')
Bonded by ^rnerl~an Surety Co. of n. ':.
Return -:"0:
Finl Fed.rll Sa"ingl & Loan Assxial;on
Of Fort P;erce.
J13451
FILED ,t\[}'RECO~DEO
1: t .Official ReconL ~OOK
1953 FEO 25 r.H II: 05
Fort Pierce, Floridl
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