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9. Yo pl~ ~nd conNrwously kMp on tlw buildinps nuw o~ hetoafter a;tuau on ~atd land and on ~II sqvipnNnt ~nd p~non~ih tov~nd bll
p~, with ~11 prrmiuera therw~ paid ie? tuil, fin insura~c• in ihe usual srar~ard policy form, in a wm ~ewd b~r th~ M10RTGAGEE, aad vri++d~twm
Inwrano~ in tM wwl uand~rd pol~cy fae?, in • wm approvad by the MORTGAGEE, i~ wch con+p+nY or aoenpania w th~ MORTGlKiEE ''^~y
dir~cq ~nd ~11 fk~ a~d wi~tam Inwr~nc~ policiee on ~ny of ss+d bvildirq~, ~y int~nst thsr~in w p~rt tMrwf, in th~ ~pprp~t+ wn+ ~fa~~d a
in Ncaa tMi~of, shall contain tM uswl stand~rd morrgages cisusa w tuch othar clau~ ~s tM MortppN rn+Y nq~+~. ++»kinp tM loa undK ~rid PNi~
d`s, ~ach ~nd ~wry, pryabN to wid MORTGAGEE aa its ineerest may spps~r, and each and ~verY tuch policy th~il be pranptly as:p~td ~+d d~liwnd re
,~ny hdd by wid MORTGAGEE si furtMr ~curity to uid mortyage debt, and, not laa~ than t~n (10) d~y~ in advu+c~ of th~ ~xpir~tia: of ~ath policy, ro dr
~1vN to Nid MORTGAGEE a rlntw+i tMrwf, tcq~tP»r with a receipt fo~ the pr~mium of suth re+awal; ~nd tMr~ shall b~ no fir~ or windqwm insur~nt~
plat~d on ~ny of wid bui~dinq~, ~ny intereat tMrtin a part thereof, unleas in ths form and with tM loxs p~y~bl~ at ~fwrsaid; ~nd in tM ~wM ~ny wm
of mon~y baom~s p~yibt~ u~ wch pdicy a policiss ssid M~RTGAGEE shall Mw the optio~ ro r.urv~ .nd apply tM wme on acrovnt of th~ ind~btad
Mp s~tur~d Mr~by W b pKmit wid MOR7GAGORS to reteive and us~ it w any part thereof for otiror purpwq, witlwut thereby w~Ivin9 ot impair-
itp any puity, li~n or ri9ht unJer or by virtw of thit mortqaQe; snd in th~ event asid MQRTGAGORS ahafl fw ~ny rNSOn f~il to kNp the ~aid pr~mi~s w
inwr~d, or fail to dtliwr pranptly ~ny of faid policies of insurance to seid MORTG/?GEE. ~ fail promptly fo par fully ae?Y premium tF+rnfa w in a~y
r~sp~ct f~il a pKform, diuherfle, ex~tvt~, ~ffect, complete, comply wirh and abids by thi~ cov~nant, w ~ny pari Mnof, said MORTGAGEE may p~ac~ +nd
pay for sudf Imurantt or a~y paA tMnof wirhovt w~ivir~ or affactinp any option, li~n, fqulty, or rpht undK or by vinw of thia Mortqap~, ~nd tfie
ful) amow+t af eath u+d ewry suth p~ym~nt ihall be immediately d~e and peyabla and sha11 b~~r intsrHt from tM dN~ tMreof unt11 ~id at the r~q o1
nirw p~r c~ntum ptr annum arx! tayether with such interest shall be secured by the lien of ihi* mortpay~.
4. To p~m?it, commit or aufftr no waste, Impairment or deterioratio~ of said property or +ny part thsreof.
5. To poy ~11 ~nd tieqvl~r tM to~ri, chargea and expensea, including a reaaonable attorney'~ fs~ snd cwtt of ~n+cts of titla, incun~d w~id st
~ny tims by taid MORTGAGEE, b~c+usa or in the •vent of the failure on the part of ti+e asid MORTGAGOR ta duly, promptly ~rrd fvlly pKfwm, dischary~.
~xetut~, ~rfeet, CompleN, Comply with and ab~de by each and every the stipulaliona, aqreements, tortditions, and cowr»nts af uid prom:swry not~ and thii
mortQ~y~ ~ny or eithx, ~nd ~aid tosri, charges and expenxt, each and every, shall be immediat~ly due and pay~ble; whetMr or not th~n bt notiu d~
mand, attempt 1o eollect or ~ult p~ndin~; arnl the f~ll amovnt of each and tyery such peyment sha~l bear int~nst frorn tM dat~ tMrwf until paid ~t tM
rate of nine per pntum per ~nnvm; ~nd all uid costs, charges end expensea incurred or paid, together with ~uch tnt~rNt, ahall b~ Nwnd by tM (ian of fh~
~9+W~
b. Th~t (a) tn tM ~v~nt of ~ny breach of this Mortgage or default on the part of the MORTGAGQR, or (b) i~ iM ~wnt ~ny of s~ld sum~ of rrwn~y
her~ln ref~rr~d to b~ r?ot promptly snd ful~y paid within th~rty (30) days neat after the same seve~ally betom~ dw and paysbl~, without dem~nd ot notit~,
or (t~ U iM ewnt each ~nd every tihe ttipu!ations, agreaments, conditions and covenents of ia~d promissory not~ ind th~t matQopr ~ny a~Ither ~r~ no1
iuly, promptly ~nd fvlly perfwmed, diuharyed, executed, effected, completed, complied with ~nd +biard by, tMn in ~ithtr or any avth ~wr+t th~ Hid
prp~t~ tum mtntion~d in s~id promiuory note then remaining unpaid, with interest acc~ued, and all montys wcvnd.l?frtby, ~h~l) b~cwr» dw ~nd pap
ab~~ forthwith, w tMre~ft~r, at ..~e option of said MORTGAGEE, as fully and complete?y as if ~II of the said ~u~ of mon~y vwre aiqin~lly ftipul~ted
to M paid on ~uch day, ~nythinq in said promrsaory n~ste or in thix Mortgage to tlw contrsry notwithst~hdinp; and th~rwpon d? tMff~RH ~1 1M OpfiO~ Of
~~id MOItTGAGEE, without rrotic~ or demond, svit at law or in equity, sherefore or theresft~r bequn, m~y be prw~tut~d u if all mon~y~ Mtur~d Mnby
Md matured prior to itf irqtitution.
7. TMt in tM went tAat at tho beginn;ng of or at any lime pending any wit upon this Mortq~g~, w fo lotrclot~ it, os ta r~form lt, or to ~nforu
aayment of iny c1iETS Mr~w~der, said MORTGAGEE shall apply to the Court having jurisdictio~ lheraoE fot th~ sppointm~nt of • Receiwr, such CouA shall
forthwFih ~ppoint s nceiver Of sai~ mortysyed property all and singular, includ~ng all and ~ingular th~ irttOm~, profi», fstwt and r~wnus~ from whottv~r
sourc~ d~riwd, ~ath ~nd wery o which, it being express!y understood, is hereby mortgeged as if ~pecifically set forth ~nd de~ttib~c in tlsi pr~niiny ~nd
hab~ndum claute~ hertof, and auch Receiver shsll have all the broad and effectiva functions and powers in anywiss entrust~d by a Court ip a Rec~lv~r, and
•uch sppointm~nt shall be rnada by tvch Covrt as an admitted equity and a matter of ebsolute riflht ta said MORTGAf3EE. ~nd witMout r~#ere+xM to th~
a~deq~sty a inadtquacy of the value of the property mortgaged or to the sotvency or ~nsolvency of said MORTGAGOR or the deftndinri, and th~t tuch
r~nri, profib, income, iuues and revenues ~hall be app~ied by such Receiver according to the lien or tquity of uid MORTGAGEE and th~ practiu of tuch
Coun.
8. To duly, pranptly •nd fully perform, discharge, execute, effect, camplete, comply with and abide by each ~nd tvsry tM stipuletions, yinarr~nN,
conditioru ~nd covenants in said promliaory note and this mortgage set forth. "
9. That in fhe ~vsnf the ownership of the mortgaged premises, or any p~rt thereof, becomea vatttd in a p~rson ott»r th~n tht MORTGAGOR, tl+~
MOR?GAGEE, itt succeuors and assiyns, mey, without norice to the ARORTGAOR, deal with ?uch succKSO? or wocn~a in int~rett with r~fsrtnu to thi~
mortg~pe and the debl hereby secured in the same manner as with Mortgagor without in any way vitiatiny or diitharyinp ths Mortqaport' li~lsility Ir~rr
under a upon the dabt hereby secured. No sele of the premisei hereby mortgaged and no forb~arancs on tha pan of ih~ MORTGAGEE or it~ futesison
w aulQns ~nd no extension of the time for the payment of the debt hereby secured qiven by the MORT~,AGEE or itt ~vcceuors or auiqns, ih~l~ op~rat~
tn release, distharpe, modify change or affect tfie original liability of the MORTGAGOR herein, either in whole or fn pari.
18. It ia ~pecificaHy agreed thet time is of the essence of this contract and that no waiver of any obliq~tion her~under or of tha oblfy~tion tr
turld hereby shall et any time thereafter be held to be a waiver of the terms hereof or of the instrumr~t setur~d herby.
11. in addition to tfie toregoing monthly paymems of princ'pal end interest requ~red by the promiswry note ~ecured heroby, morlqegor cov~nantf
and agrees to pey to mortgagee with each monthty payrnem an add;iional sum est~mated by mortgagee to be equil to 1/12 of the ennwl to~t of ihe foilow-
ing: . .
A-All real property taxea levied or assessed against the above described real estate.
8-Fremiums on fire and windstorm insurance as herein roGu~red to be carried on the improvement~ situate on the ~bove described pnmit~t.
C-Premiums on such moHgage guaranty insurance as mortgagee ahall from f~me to time deem fit to carry on the los~ setursd her~by.
Mprtgagee ~hall from time to time notify morrgagor in writir.g of the amount due and payable hereunder •nd such ~um shall th~reupon b~ due and
payable on the due date oi the next monthly payment and e~ch successive month thereafter urtil mortgagee thall notify mortgagor af • thang~ in such
emount. Suth turn• shall be applied by mortgagee toward the payment of resl property taxes, inwrance prem~um~, and mOrt~sye puer~nty inaurrnca
premiums.
IN WI7NESS 1NH@REO~, the taid MORTGAGOR has hereunto set h~s hand ard seal the day and y ar fir:t ~faretaid.
alsd and
y~eliv~sente of:
0' ~ •n
•n
. _ _..._..,re.•t)
(Se~l)
ATE OF F~ORIDA ~ .
S5.
couNrY of _ Sa~~t_L~i•
Before me penonally appeared E~.igenl9 M. Brown snd
MBt~~A BroWn hii wife, to me wetl known and known to me to b~
the individual• desvibed in and who executed the foregoing instrument, and ecknrnrvledged before mt Shat they executed the same for the purposes
rhe,e;n exp~essed. ,4na tM ,,;d Ma t t i e Br own
wife of the uid Eugene M. Bre~~n - , ~pen e sepsrite and privat~
examinatian by me raken separate and apart fram her aaid husband, acknowledged to and before me that she executed sa~d instrument fireely and voturr
tarily and withouf any compulsion, constrai~t, apprehension, Qr j~ar of or from her usba
~~-,r~
WITNESS my hend end official aeal this 3 ~ day of A• 19 6~
, - ~
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: . Notary Publit in end for the 5tate of florids at larqe
My Commission sxpirts:
Ret~m To: , . 'A "N l0 '07 ~:~~nC ::2='u-,!ur ~S~ Ga.-^~~~
First Paderal Savin9s b Loan Association cg6[ •no~, s'!'c:x~ u~?'S5 t_st~:c'~
Of Fon Pserce. ~ a2~e~ ;e Epi~olj ;o ale}S '~~;4nd ~Uz;o`,;
Fryt Pierte, florida - :t;titi:ii;;,'1;;
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