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To placy ~nd co~tiiwously kkp on tM buildinp~ now w h~reafier ~it~~N on said land ~nd on ~II equipnent aed p~rwnally covK~d by this mortp~ ;
p~, witA dl pr~miwns Iher~on psid in full, fire insuranc~ i~? ti?~ uswl su~,dard policy form, in ~ sun+ approwd by th~ 1MORTGAGEE. a+d wind~tam
lnswu~o~ In fh~ usus) uanda.d pol;cy tw~ in s wm ~pp?oved by ~h~ MORTGAGEE. in svcA comp~~y o? companies a ~h~ 1NORTGAGEE n+ar
dir~ctt and ~II fk~ ~nd wie~twm inwr~nc~ policies on u+y ot s~id bvild~nps, ~ny inferKl thHein w pan thHeof, in tht +y9re~aq swn aiortNid o~
In ~xc~ tha~of, sh~l( conuin tM uswl standud marrgayee clause or wch other dws~ u tM Mortpagn may rpuir~, makinp tM Ioss unda s+~d pol~
ci~s. ~ach u~d ~vKy, paYabl~ b s~id MORTGAGEE as ib i~tcrest may app~s~. snd each and ~vory u,ch policy i1+~11 b~ promp~ly ui:ynsd ~nd d~livKed ~o
any h~ld by uid µpkiGAGEE ~s furtl~r sscwity ro s~id m«~ysy~ debt. and, not 1~w th~n ten p0) days in advance of tM eapi~ation of escA policy, to d~
llva. ro wid MORTGAGEE e nnewal tM?wf, w~~Fw~ wi~h a rec~ipt fot the p~mium oi wch re.~ewal; ~nd tF+K~ shatl b~ ~o fir~ or winds~o~m i~+wranc~
p~eced on ~ny of ~id build~gs, ~ny inter~it th~r~~n o~ part thenof, unless io tl+~ form and wi~h tl?~ loss payable ~s afor~said; and io th~ ~vent any sum
of mwwy bscpmi p~y~ble wd~ pol;cy w pol;cies ~a;d MORTGAGEE si?all haw ~hR option ~o nceive ~nd ~pply the san+e on accoun~ of ~hs indebted~
neas s~cw~d M.~by a a pe~mif said lYbItTGAGORS ~o ?eceive and vs~ h or any part the.eof for orher purposes, wi~hout thereb~ waivi~g o. ~mpair-
ir,9 any p~ity, IiN? or ri~ht vnder or by v{nw of ~hia mortya~e= u?d in ~M ~w~~ uw! MORTGAGORS shaH for any reason fail to keep rhs said premisea so
insured. a faU b d~liw~ promplly ~ny of qid policies of ie~w~anc~ ro said 1NORTGAGEE, or (ail ptomptly to pay fully any ptemium therefo~ pr in any
rosp~ct fall to paforen, disch+r~, ~x~tut~, ~ffect, tompl~t~, comply with a~d ~bid~ by this cov~nsnt, a sny put F?KSOf, said MORTGAGEE may plac~ and
Wy fa wd~ Imw+nc~ or ~ny part thKeof withovt w~iv'ag p affecticp any opt;ay li~n, puity, or rigM undK or by virtw of thii Mor~~, a~+d tM 1
full ~M of Nch ~nd ~wry w~h p~ymam shill ba imm~diatdy dw and pryabl~ ~?d sha11 b~a. interes~ f~om th~ dat~ ~hereof until paid at th~ raq of
nine PK antum pK anewm and topether with wch intere~t thati ba secv~ed by ths li~n of ~his mat9pt.
To pKmit aomnwt w wHe~ ra wsstr, impairment or deterioratiw~ of said p~operry or any put therwf.
S. ?o pay all and sinpular ths tasts, d+s~s snd expenses„ includinp •~soe?~ble attwney'~ fea ~nd costa of ~bstracts of tiN~. incurr~d w paid ~t
~ny tim~ by pid IyIpRTGAGfE, becwse w in the ~w~t of the failurs on the p~rt of the said MORTGAGOR ro duly. promptly ~nd fvlly pa.fwm, d~schargR r
•xecut~. ~ffed. oomplst~. comply with and ~bid~ by ~~ch and every the sNpul.rio~u, apreernenn, cad~rions, and cownann of said promiuory note ~nd fhii t
mortp~ u~y p~itMr, and said costs, ch~r~es and e:penses. eath and ~very. s1?~II b~ imm~diately dve ~nd psyable; wl+e~her or r?ot there be ratice da j
mand. ~ttempt w coll~tt or wit p~ndinpr and th~ full anwunt of each snd every wch p~ymcM sFwU bear intaresr frai+ tM date thereof ue~?i! paid at the 1
ror~f~n'aw pe? centwn per annur~; and all said coits, cha~ges and expe~ses incwred or paid, together with such imer~st, shill b~ secwed by tM li~n of this ~
6. llwt (s) in tM sve~t of any bresch of this Mort~sp~ a default on the pa?t of the MORTGAGOR, a(b) in tM ~vent ~ny of p~d :ums of rtarwy ~
heretn r~fKrtd to be not promptly and fully psid within thirty (30) days next after 1he tame sevcrally 6ecane due and payable, witlw~t demand w notite.
or In th~ ~vrnt esch u~d every the stipulatio~s, ~greementt. conditiona a~+d coreeNnb of sa7d promiuwy note ~nd th~~ mortysye any w either ar~ ~w1
iuly, pramptly and fully p~rformed, d~xharged, executed, eitected. compteted, complied with and abided by, th~n In elther or ~ny such ewnt tM said p~
yreyat~ wm m~ntiOned in said promisswy note thtn remainirg uopaid, with interest atvued, and atl moneys setwed hertby, shall betane dw and p~y~
sbl• forthwith, ot thtrtshar, ~t ths option of said MORTGAGEE, ss fully aed campletely as ii sll of the said wma of money were orginally stipvlatcd
to b~ paid on wch day, a„yfMnp ir, sa;d p,e,,,iuory note or in this Mortgape to the contr~ry norwi~hsrandinp: amd there~po~ a thereafter ~t tM op~ion of
uid MORTC~AGEf, without noY~ or demu~d, suit ~t lew or in equity. therefwe or tharsaftar beyvn, mar bt prwecuted ~s if all monsys secursd l+ersby
had matw~d ptior fo ib irqfitufion.
T. iiwt in tF» ~wnt that at the beginning of a at ariy t;ms pending any wit upon thii Mwtgag~, or tp fo?eclose H. a to refwm tt, w to enfwo~ ~
payment of athr d~ims herwnder. said MpRTGAGfE shall spply to the Coun having jurisd~ct;oe~ thereof for the appo~~tmerd of a Receiver. such Court sh+tl ~
}
ort ith ~pppint t receiver pf ss~ mprt9aged prppeny ~II and singutar, inclvd~ng all and singular the inc+an~, prof"et~. issues and rewnues from wfiatw~r
wurce d~riv~d, each aed ~very o whkh, it beinp expreuly ur?derstood. is hereby mortg~ged as if speufically set fath and dcwibed in the 9rantiny ~nd ~
habsndwn dauses hereof, and wcFt Receiv~r sha11 have all the brosd and effectivs fund~ons and powe~s in i1lyWit! MffUlt~ Ily • Cwrt tp a Recaiver, ~nd 1
~uch appdntmenr shal! be made by wd~ Cov» u an admitted equity and s rn~~te? of absdute righl to said MORTGAGEE, and without referent~ to tM 's
~dpuscy a iMd~q~~cy of the wlue of the p~operty mortgsged or to the sot~reexy or insolvency oi said MORTGAGOR « ihe defendann, and that such ~
renti, profits, incane. ;ss~?es ~nd revenues shati be app~ied by such Reuiver accordiny to the lien or equiy of sa;d MOR7GAGEE and the pr~ctics of such i
Court.
8. To duly, promptly u~d fully pe?form, dixhary~, execute, effect, complete, canply with a~d abide by each u~d evcry tlk stipulations, ~greemenb,
condi~iom and oovenann in said promissory note and thia mwtgage set forth. '
9. Th~t tn ths event the ownership of the mortgaqed prem;ses. ur any part thereof, becama vestsd in a person mher tAan ths MORTGAGOR, th~
MORTCsAGEE, its suctessort u~d auigns, may, without notice to fhe MORTGAOR, deal with such successor or successw in interest with refer~nte to thb
mony~ and th~ debl hereby secvred in the same manner as with Mortgaga without ~ any way vitiatinq or discMrying the Mwrq~gors' liability her~-
unde? a upon the debt hereby secured. No ssle of the premises hereby mortgaged ~nd no fabearance on the p~n of the MORTGAGEE or iri succeuon
or auipro and no exte~sion of the time fw the paymeM of Ihe debt hereby secured 9iven by the MORTGAGEE or ih ~uccessors a sssigns, shall operat~
ro roieas~, dischar~e, modi~y thange or affecr the wig~nal liabiliry of t1+e MORTGAGOR hereir~, either in whole or in p~?t.
i0 It 1~ spetifica!!y agreed that time is of lF~e essence of fhis contract and that no waive~ pf any obligation hereunder or of ths oblipstion ae-
cured her~by shall at any time thereaher be held to be a waiver of the terms hereof a of the instrument secured herby.
11. In add~Ywn ro the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, matgagor covenanb ~
end ayrets ro pay fo mortgagee with each monthly payment an addirional sum esf;mated by mongagee to be equal to 1/12 of the annusl cost of the follow- '
inq:
t
A-AU real property ts:es kvied o? assessed agai~st the above desuibed real estate. .
B-Premiums on tire and windstorm insurance as herein requ~rc~! to be carried a~ the improremeob situate oo the above described premuet.
C-Premivms on such mortgage gwranty inswance as mo+tgagee zFwU from t;me to time deem fit to c~rry on the ban secured hereby.
Mwtgsgee shall from time to time notify mortgagor i~ wr;ting of the amoum due and paysble hcreunder and such sum shall thereupon be due and
payable on the due date of the next mo~thly payment and each successive month thcreaiter urtil mortgagee shatl notify mortgagor of s charge in such
amovnt. Such sums shal! be tpplied by mwtgsgee toward fhe payment of reaf propery ta~ees, insurance prem:ums, and mortyage gwranfy insur~nce
premiums.
IN WITNESS REOF, tM id MORT AGOR has Ixreunto set his hand and xal the day ~nd ytar first ~f esaid.
C~ Sipnd. Stale d dtl' i the ence 9f:
1 / ~ .
~ n
. _ ~n
- ~--n
57ATE OF F10RIDA ~
COUNTY OF Sti . LUCf 6
s.fo.e o,. penauuy , ,red B. ~IT a 1 t e r s
A 1.~~ e C 6 w e 1 t e r a bis wife, to me wel I known and known to me to be '
rhe ind'widwb described in and w!w ~xecuted the forepoirg instruinant, and ~cknewledged bsforc me that they eaecuted the same for ths pvrposes i
~r~.~:~ ~ ,t,..,;~ Alliece Walter9
{
W~fe of th~ said - G B Wa lters - a sep~rats snd p~ati ~
exeminafion by me qken sepa~ate a~d apan from her said husband. ackrawlcdged to and befwe me that shs e~cecuted said instrument freely and volun~
rarfly and witMout any oompulsion. co~straint, ~ppreFromiOn.~of a from he~ pid 1~u~a~.
WITNESS my h~nd and official seal tha ~y °f JLl A D. ,966
r
Not~ry Public in ~nd iw the State of Fb?ida at lsr~e -
My Commiuion ~xp'~res: - ,L ~I ~ ~ i
Retum Ta ~
Fint Feder~l Savirgs a Loan Asaociat'an =
r
Of fwt Piercr. t
iwt v~e.ce. Flor~da Y TiDTA1Tf P~rC"(`. ~ : • ? • ,1 ~t LAR,r,~
• , ,~~~rr:::~tt_y•r~,; _ MY Cu'.~',ic; . , , . . ~3. 1953 ~
y~U:~i;:,~"'~., ~,.D~~ Tnn.__ . _ST'._.HG.-.a.
_ ~f'..•`s!~:
FI~ED ~ND RECORDED ~ ~d'~;~ -`.,y'
ST, IUCIE COUNTY. FLA. = ~ _ 'r : _
RECOR~ IFIE - . , _ r
~ J S1-~G'_~~:
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Fi~~..,~?:;~•'-.
. , 14ss~~ ~ ~ ~a R 5 ~ 316
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