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3. To plac~ and contirwouafy kNp oo th~ buildirps now w F~ttNffN 4tWf! 011 Nid (atKl ind 0~1 i~I tqViprtNflf pfrWfliUy COYNNI by 1I~If 1110f1~
p~. with sU p.~~w~a ~~..a+ w~d i~ (~ll. fin insuranc~ in tF~ uwal standard polky form, ~n ~ ~un? approved by tM MORTGAGEE. and wirditam
insuranc~ io tM us~al sunda?d pol~cy tain, in ~ sum ~pproved by tM MORTG/1GEE, i~ such company o~ tompa~i~s p tM AAORTGACsEE ~nay
directt and all fin u?d wi~ub~wm inswa~p polici~s on any of said bvildin~f~ MY IIIN/Ni tlff!l111 Of pM1 1Al1p{, in tM pprepat~ wm ~for~iaid or ~
In uco~ss thsrsoi, ~hall conuin ~M uswl iandud ma~9apN ctava~ a s~d? o~he~ cla~rs~ a tM ~V?a~p~ye~ m+y nqv'u~. m~kinp tM loss u~ s+id poli•
cie~. ~ach ud ~ve~y. p~Yabl~ ro s~id AAORTGAGEE as ih intcrost maY app~ar. ~nd each u~d ewry :~ch po?icy :hall bt promptly ~ss:ynad and d~livered to
~ny Mld by said MORIGAGEE ~s IvnMr secwiry ro said mortqa~ dsbL and, na t~u ~M~ tx? (10) dap In adv~ac~ of th~ ~:pir~t+on of eacA polrcy, ro da
I~va ro uid N10RTGAGEE a rt~?~w~l the~eof, Wqs~Mr with a reteipt for tM prsmiwe~ of such r~newalj u+d th~r~ sh~ll bt no fi~~ w winditwm inwranc~
pl~pd on ~ny of said b~ildinps, a~ry? intrrtst thtr~in or pan tlureof, unlesi In tM fo?ni and with tM bss p~y~blt u ~fo«s~idj ~nd in tM ~wnt any sum
of nwn~y becorne~ p+yablt v.;xlcr wch policy a pol~ciy said MORTGIIGEE sh+ll Mw th~ option to receiv and apply ~h~ sM+s on acw~?M o1 ~he i~b~sd
n~u wcvr~d i~ebr or w permit w~d MORTCaAGORS a~cceive and uss i1 a any put tAereof for other purpoua, w;~haut ~hsreb~ waivi~ w~mpair.
irq anY equ;ry. lan a ripht under w by virtw of this mortyape; u+d in tM ~ven~ ~aid MORTGAGORS sAaD ta any ~~ason i~il ro ka~p th~ said pr~+ni~as ~o
~nsured, w fail to d~Gver promptly ~ny of said policies of i~sunnu to s~td MORTGAGEE, or fail promptly a pay ivlly ~ny premiwr~ therefor o. in any
respect fail b pKfom~, discharge. ~xecute. ~ffect, complets, comply witA ~nd ~bid~ by this covenanl, or ~ny part hereof, aid MORTGAGEE may plscs ~nd
paY fa such Guur~ o~ u~y put theroof without w~Ninp w aff~ctinp anY option, Ii~n, pu;ty. or ~ght undK or by vi~tw of this Mortpap~, and the '
full anwvnl of each and ~very :uch payment ihall b~ immedNtdY dw ae?~ paYaW~ and sha0 baar intaest fran th~ di?~ thereof un?il ~
n~M unwm paid M th~ rat~ oi ~
p~r per annum aod tog~ether with wcA interast sh~~l be secvred bY tM lisn of this cnort~pe.
To Famit, oommit or wffK no waste, imp~irment or detcriwatan of ~Id propaty w ~ny put thsreof. `
S. To pay ~II ~nd sinpular the.costs, chu~es ae+d expenses, incl~dinp a reasonaDl~ ytar~ey's fe~ ~i?d costs of sbst~acts of titts, incurred a p~id a~ ~
any time by said MORiGAGEE, betaus! p In the ~vent of the faitun on the paM of the sai~! MORTGAGOR to duly, promptly ~„d fully perform, d~xha~gR
e:ecvte, ~ff~ct, compkte, comply w~th and abtd~ by ~sch a~d every the stipulations, a~reanents, condition~, aed cove~++nts of said omis
pr sory note and thif ,
mortgap~ aMr or ei~he~, and saw! costs. cMrq~s and ~xpeeKes, each and wery, sMlt be immed~~tety du~ i.~d paYable: whether a not ths~e be notice dr
man:l, atten+pt to colkcl p wit p~nding: ~nd tM full ~nount of.~ach and wery wch p+yment ahall be~r. interest from ths date the~eof until p~id at the
rate of nine per centum F x ~noum; and sll said cbsn, chargei snd expenses incwred or paid, topether w~th wd~ interest, shill b~ a~tw~d by tM lieo oi thi~
mort9+p~-
a n~a~ i.i rtK ~w:nt of a~y breach of thb Matpape or defwlt on ths put of the MORTGAGOR, w(b) in the eve++t any of ~aid svem of mon~y
herein afared to be ~?ot prompty ar+d fvlly paid wi~hin thirty (30) days nexl after the same uvcrally becpne due and payable, without demand o~ notice.
or (c) in tM ~ve~t ~ach uK! svery the stipulstions, agreernenn, conditions and covensnb of sa+d p+omiuory rats snd th~s mortpa~ ~ny o? ~itner ar~ no1
i~ly, promptly and fully performed, discha~ped, executed, effected, completed, compl~ed wifh ~nd abided by, then in either or ~ny s~ch ev~nt 1M iaid ag
yregab sum mentioned in uid promissory eoh the~ remaininp uepaid, with interest scuued, and all rtwnrys sacured htreDy. shatl becpn~ du~ and pay~
ebie forthwitly o~ thKeafter, it fhs option of said NIpRTGAGEE, u fully and compktely as it all of tMe said wms of moner wlrt aiyin~lly stipulated i
to be paid on such d+y, snything in ss~d prom;ssory note w in thia 1Nor?yage ro the contrary ratwithst~~?dinp; and thereupoe or the~eafter at ~M optan of
said MORTGACEE, without notic~ or dema~d, wit at law or in equiry~ MIHlfO1Q 01 fI~CtNttN begun, may be prosecuted y jf all A~oneys as~cvrsd he?eby ?
had matured p+q? fo iq irotitvfion. .
7. That in the event that at the beginnir+g of or af any tims pend;rg aoy ~ivit upon this Mwtg~ge, a to foreclos~ it, w ro ~eform tt, a to enfwp ~
payme~t of ti~ryr daims hsaevnder, said N~pRiC,AGEE shaN apply ro the Court having ~lnisd'+crion tliereol fa ths apFw~ntment of a Receiver, such Co~rt shall ~
fwtFiwith appoiM a recaiver of s~id morty~ged property ~II snd sing~lu, includ~ng all•and ai;,gula? the-Mxome: prbfits. iuues and rsvenues from whstever
wurce derive~. ~ad~ u~d every of which, it bcinp expreuty unders~ood, is h~r~by mor~ga~t~ as if _spac~fiully set.:~orth: aod detcribed in the Qrantinp and
habend~Kn davses hs~eof, and wch ReteRre? flwll have ~II tlm brosd and effective funct~ods`and powers in snywise trusit(i bY ~ Coun to s Rcceiver, and `
iuch appointmcvd shaU be msde by uxh Court as ~n admitted eqviry and a m~ttcr of absotute right to said MOR~AGEE, _~r~d wi~hq~t reference to the `
adequ+cy a kudep~aty of the wlu~ oi the prbperry mort9aged or ro fhe sowencq or inwlvewcy of said MORTGAG01t.~oi -the &fet+danta, and that wch
r~~. profils, incpne, issues and ~evawes sMll be applied by such Receiver sccwdin9 to the lien w equiry oi~s~id MORiG/1GEE aod fhe pi~ctice of such ~
8. Tp duly. promptly and futly p6rforni. dixM?ge, iexecvt~ ~ffect, eomplere, comply with and abide by each +ad every the stiputat;o% sg?eements, ~
conditaro u~d covenants in said promissory note and this mortgsg~ aet forth. . .
9. That io tl~e event the owc~ship of the mortgsged premises, a any psrt thereof, becort~es vested in s penon othef'lhsn fhe MORTGAGOR, tM
MORTGAGEE, ib tuccessors and auigns, m~y, wirhoui ~otice to fhe MORTGAOR, deat with such wccessor or tucceuor in interest wi~h ~efe~mce to this
mortQays and the debt hertby setured in the same manner ~s with Matgaga without in any way vitiatinp a dixhuging the Mortgagors' li~bility hera
under or upon the dc6t hereby secvred. No sale of the Frcmises hereby mwtgsged snd no fwbeannce on the pan of the MORTGAGEE or its succeuon ~
w auigns and no eztension of the time fw the paymem of tF~e aebt hereby secured given by ~he N10RTGAGEE or in successws or autgns, .h~ll operate
ro releas~, discMrqe, modify change or affect the origin~l liab~liry of tlx MORiGAGOR hereio, either ;n whole or M put,
10. It is specifically agreed that time is of the essence of Ihis contrsct and tMt no waiver of ~ny obligatan hereunder or of tM oblg~tion sn-
cured h~reby shaU ~t any time thereafter be held to be • waivet of the tenru heaeof a of the instrvrtuM secured herby.
I1. M add:tion to the forego:ng monthly paymrnrs of princ'ppl and interest required by the prom~sswy oote secured hereby, mortgsgor cpvenants
and ag~ees to pay to mortgagee with each momhly p~ymeM an addirional sum est~mated by mortgagee to be equal w 1/12 of the annwl cost of the follow-
ing:
A-All ~eal p~operty tazes levied ar assessed againat the above described real estate. ~
B-Premiumi on fire and windstwm iruurance +s herein requ;red to be carricd on the improvements situate on the above desuibed premises.
t-Premiums on such mwtgsge gw~anty insurar.ce as mwtgagee shall from t~me to time deem fit to carry on the {oa~ secured 1Kreby. ~
Mortgagee ahall from time to time notify mortgagor in writing of the amount due and pay~bte hereunder and such sum shall ~hereupcm be due and
paysbk on tF~e due date of the next monthly payment and each svccessive month theresfter urtil mortgsgee shall notify mortgagw of a change in such ii
amovnt. Such wms shall be spplied by mwtgsgee toward the payment of resl property taaes, insurance prem:ums, and mortgage guaranty inswance 11
premiwns. i
1
WITNESS W!i REOF, the said MORTGACaOR has hereunto set his hand and seal the day and ye r fint atwesaid_ i
, ivered in tha presence of: 9
~ ~ . ~
. ~
R
rs.q
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;
STATE OF FLORIDA ~ ~
~a,,,,n ~ S t. Lu c ~ e ~
eefo.. ~,,,,,,~iy ,~,.~a C 1 e o R o bi n s on
F,'' U 1 e M 8 6 R o b i n 4 o n ha wife, to me wel I known snd known to me to b~
the individwb detcribed in and who execvted the foreyoing i~strvment, ~nd adcnowkdged befwe me that they e:ecuted the ssme for the pwposas
r~+ero~~ .xv.es~d. a~d rh...:~ ~lala Mae Robinson
wifs ~h. ,.~d - C leo Robin4on , ~,.ste ~~a
e:sni~tion by me taken separate ~nd ~part from her said husband, adu+owkdged to and befora me tFWt she e:ecvted said irotrument freely and vol~r~
rerily u~d without arqr compulsion, cautreinf, apprehe si or fex of or frwn her iaid husband,r
WITNE55 my h~nd and offic:al seal thi~ day of R V A. D. 19 ~ b
f . , y~~t~s~::,.,,:
{N a . n- ~
.
, Notary Public in aod for ~ V.~'E~q~ ~~'~y~
My Comm~ssion ~xpirese ~ ~ s: - - ~ -
Retum Ta ;4.,~ f,L~ •
Rnt Federal Savirgs d~ lw~t .~r»eIA~IM" ' ~ ~
Of Fort Pierce. .
Fort Pierce. Florida ' '
. 110TARY PUBLIPi. $TATE Of FiQQl~?~~t.~! .
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