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To piacy u~d contG?uously kNp on tla buildirgs now w ha~iftN ~itvat~ on said I~nd ~nd on all equipm~et and p~rsoeully tovK~d by thi~ ~norl~ ~
~p~. with ~II pnmiur•A tMnon psid ie fu14 fj~~ u?suranc~ in th~ uiwl standard policy tam. ~n a ium ~pprov~d by tM MORTGAGFE, and wj+Kbrain
insur~nq tn th~ uswl sr~ndard policy fa~n, in • w+n approved by ri» MORTGAC-EE; i~ such comp~~ryr a cempa~ia s~ tM MORTGAGEE m~y
dinctt and all f&~ and wi+~torm inturana policiat on any of said bvildinps, ~oy lntK~st ther~in or ps.-t tl?e~wf, t~ ~M a~yr.~•~• swn ~fw~s+W a
In ucpu IMnoi, aMll eontain tM uswl standud mony+pN elavse a sveh otlwr dau~ a tM MatqapN m+r rpuin` makbg th~ bu ueida s+id pol}
cies, ~sch ~nd ~wry. paYabf~ a s~id MORTGAGEE a ih intKest m~y app~ar, and ~ach ~+d ~wry s~ch policy ~Mtl b~ promptly ~:9n~d ~nd d~livKed to
+ny MW by s~id 1NOItTCsAGEE ~s fwtlw? ascv?iry ro s~id maty~y~ debt, and, not Mts than t~n (t0I days in advsna of tM ~zpira?ion of ~ach policy, ro dr
iivN to t~td MORTGAGEE a rtnewal thawi, fop~tha witb • rec*ipt fw Na prsmlwn oi such reMwalt u+d tl+K~ ahsll M no fin or wir~torm inswux~
plapd on ~ny of uid buildinps, ~oy inte~tat ther~in a p~~l lhenof, unless l0 1M fonn' ~r?d with ~he loss p~yabl~ as ~fw~s~ld~ ~nd in th~ ~wot ~ny swn
of mp~y bacorrws p~y~bl~ undN wch policy or pplicia taid MORTGAGEf ~haN Mw tM option to receiw u+d ~pply th~ sart~ on ~aoun~ 01 tM H+d~bt~
n.u wcw~d hu~by a a p.imir s•id MORTGAGORS ro reuiw ~nd us~ it a sny put thereof fa other p~rposes, without thanb~ waiving a~mpau-
tnp ~nY pvity. li~n w riyM wide~ or by vtrtw of this mortps~et ~nd in tM ~we~t ~aid MORiGIlGORS slwtl fw any reasoo fail ro keep tM s+id premises io
iruur~d, o? fdt b delivar promptly a~y of saW policies of insu~ncs ro said MORTGAGEE, w fail promptly to pay fully u~y premium ther~fp or M any
re~pat fail w perfoan, discharye, execvt~, tff~cr. eompl~t~, com,ply with ~nd ~bid~ by this cow~+ant, or any put hawf, said MORTGAGEE may piao~ and
p+Y fo? wch 1~wr+no~ w+ey P+?t the~eof wiM~our wdvinq a ~ff~dkg M~1 Opti0fl~ II~R~ lQYi1~1, or ~ipht widK or by virn~ of thls Mort9p~. ~nd tM
full anaunt of ~ch ud ~very wch p~ymsi?f ~hsl) b~ ierwnadiafely dw aod pryabl~ and shall bsar intKp~ from th~ daM tMnof until paid a~ tM rat~ ot ~
nin~ p~r pntum pM ~nnum ~nd togetber with wth interat thsll bs sstwed by th~ ti~n of thi~ mappe.
1. To pKmt1, aoa+mit ot suffsr no wait~, imp~'ument ar detaior~tion of said properry a any ps» t}Nnof. ~
5. To pay afl and s~rpulu tM.costs, charpa and ~xpense~, ircludinp a reasonsble attaney's fee snd costs of abstrids of tiN~, incurred or paid at ~
any tGne by said MORTGAGEE, Muus! or in fhe event of the failure on the p+n of tM aid MORTGAGOR ro duly, prompty snd fully pe.farn, d~scharg~,
execute, effed, `oompktt, comply with and abid~ by each ~nd every tM stipulations, ~greemenls, ewiditions, and oover~artts of said promis~wy e~ot~ and this f
monQape any a either. +nd iaid costs, chupes sad expeeKes, each and evary, slwll b~ immediately due snd p~y~bles whetMr a not tMr~ b~ notici dr ~
m~nd, ~»~mpt fo oolkct or suN p~ndinp; and ths full s~r~ow?t of each aod ewry wch psrms~~ sMll be~. ioterest from ~M dat~ thereof until pa~d at tM ~
rate of nine per tentum per ~nnum; and aN aaid cL~t~, chs.~es and expenses incwred or p~id, to9etMr with iuch int~rest, sMff b~ s~cwsd by 1M li~n of tha +
. ~
~9+~•
e. 7Mt j~) ie ths event of ~ny breach of this Mortyaye or defauh on tht part of the A60RTGAGOR, or (b) in the event ~ny of ~sid swns of mon~y - ~
herein r~fe?red fo bs not promptty and fulty paid wi~hin th~rty (30) day~ next afie~ 1he same seve~atly become due and payabl~, wlthout d~mand a ratice,
or in tl» ~vMt each and ewry the stip~lations, agreements, conditions and covee?~nn of said promissory nots ~nd this matpape any or either are nol
iuly, prompHy and futly psrfo?m~cl. discF?~rged. executed, effected. compkted, compl~ed wi~h and abided '~y. tn«~ in e~ther or any such ewnf ~M said ap~
yregst+ wm menriw»d in s~id prpnissory npte then remsininq unpaid. with interost acv~ed, ~r?d all moneys s~cured hereby, thall becom~ dw ~nd p~~r
able ~WtMNifly M 1FfQfNffN, ~t the option of said MORTGAGEE. u fully aed canpktely as if ~II of the said wms of money wert or:~in~Uy atiputated
ro b~ pa~d on :vch day, anythiny in said promiuory ~ote or in this Nlortgage to the contr~ry notwithstanding; ~nd tt~ere~pon a thereafter at the option of
said MORTGAGEE, witlaut ootice or demsnd, wi1 ~t la~r a in p~ity, thereforo or thereaiter begun, may be prosecuted as 'rf all ma?eys sacur~d her~by
had matured prior to ib inttit~tion. - . -
7. TMt in ths avenl tMt at tM beginnirg of or at any time per~diny aoy w;t upon tha Mortg~ge, p to foreclose h, a ro reform it, p fo enfap ,
payment of any~ daims he~evnder, said MORTGAGEE shall apply to the Cwn having jurisd7ction thereof fw tl+e ~ppo~ntment of a Receiver. wch Couit shall `
iortliwith appoint a receiver of ssid mort4~ged property all and singulu, includmg all and singulu the inmme. profin. issues and rovenues from wFutever
tourte de~ived. eath ~nd every of wbich, i1 being expressly undsrs~ood, ia hereby mortgaged as if specifiutly s~t forth ~nd destribed in tM yrantinp and
habee~dwn clavses hsreof, snd s~ch Rcceiver shall have sll ~he broad snd efiective fund~om and pow-~s in anywise.enN~sted by a Court to a Receive~, a~d ~
such appoi~tment shatl be msde by such Court es an admitted equity and a mane~ of absolwe r~ght ro ss~d MbRiGAGEE, ud without reference to th~
adeqvacy or insdequ+cy of the value of the prbperty mortgaged er to the wtirency a insolvency of said MORTGAGOR o? the defendants. and that such
renn, profits, incane, iss~es and revenues sha11 be applied by tuch Receivcr accord~ny fo the iien or equity of ~id NWRiCaAGEE and the practic~ of wch
CourL ~
8. To d~ly, promptly and fully perform, discharye.•execute, effecf, complete. compty with ~nd abide by each u+d every-fM stipvlations, agreemenh,
conditiom ~nd covenants i~ iaid promissory note and th~s mortgsge set fwth. • . -
9. Th~t i~ the event the owncnhip of the mortgaped premises, or any pan fhercof, becomes vested in ~ p~rtpn other f1Wn ths MORTGAGOR, th~
MORTGAGEE, hs wcceuws and auigns, may, witF~ow notice to ~he MORTCrAOR, des{ with such s~?ccessor a succeasor in interest with reference to this
mortg+pe and the debt hereby secured in tF~e ssme maro+er ss with Mwtgagw without in sey w~y viti~tirg or disthuging the Nbtt9sgors' li~bility htrt ~
under or upon the debt hereby secured. f~o tale of rhe premises he~cby mo,tgaqed ar,d no fwbearance on ~he part oi ~he MORiCsAGEE or in successors 3
o+ sssig~a snd no eztension of the time fw the payment of the aebt hereby secvred 9iven by the MORTGAGEE w its svccessors or essigin, ah~l! operu~ }
ro rele~se, dixMrye, modify change or affect the original (iabelity of the MORiGAGOR herein, either in wlwk or in part. ~
10. tt is spccificstiy agreed that time is of the essence of th~s contraa and tMt no wiiver of ar?y obligat;on hereunder w of 1M obligstion se-
a:red Mnby shall at a~y time tlxreaher be held to be a waiver of the terms hcreof w of the instrument sec~~ed herby.
11. In addition to the forego:ng monthly payments of princ:ppl and interest required by the promiuory oo?e secured hereby, mortgsgor covenants
and a9rces to pay ro mortgsgee with each monthty payrnent an additionsl sum estimafed by mortgagee to be eqval to 1/)2 of the annual tost of the follow-
'ng:
A-All real property taxes kvied or auessed against the above desuibed real estate.
8-Premiums on fire and windstwm inswancs u herein requ~red to be carried on the improvemeeq.situa~e on the above desuibed i
premiscK.
C-Premivms on suth mortgage gwranry insurar~ce as mongagee shall ~rom time ro time deecn fit to urry on the loan secured Fiereby. ~
Nbrtq~gx sha11 from time to time notify mortgagor ~n writtng of the amount due ar?d paY~We F~ew+der_and such svm shall thereupon be due and j
paysbls on the due date of the next monthly payment and each successive monfh thereafter until mortgagee shalf notify mortgagor of a change in such ~
amovnt. Such sums shal) be appiied by mortgagee toward the payment of rea! p?operty taxea, insunrxe piem:ums, and mortgage gwranty insurance ~
premiwns.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hsnd snd seal the day and fint aforssaid. ~
S~a ~nd iver in the presence of:
ess ay ~ ~
tness n
ay or
rc--n ,
STATE Qf~ SOt7rH CAROLINA
Greenville ~ _
courm oF ~
Befon m~ p~tsonslly sppsared ~ZI TBYZOZ
9ma Tavlor ~ M,~~~, ra ~~u ~,nd krwun, ro ms rc b.
the i~d~vd~~b descr;bed in and who executed the foregoinp instrument, and acknowkdged before me that they ~xewted the wme fw tM pv?pos~s
rherein ~xpresad. Md tM sa~d- 8ffi8 TaylOZ
wife o~ ~h. ,~~a _ Barl Taylor , vPo~ ~ sepsr~te ~nd prrvat~
exemination by me ta4en iep~nte and apart from her ssid hu~bsnd, adcnowledged to ~nd before me thst she execvted said i~strument fretly a~d volvo-
~erily and w~thout arqr compvlsio~, corutraint, appreher2a"ax~y fesr of or from her said husband. - .ti,:~:•ui,i~~
WITNESS mr h~nd and official seal thi: ~.O ` day of ~~~~~,,14~~~ ,
~fi'~, - ~ i
i;~
I 1 _ T
. Notary Public in uw! for the -
aewm ra - - an~ y~ ~.9~ti~' _
Ftn, F«~...~ Ss~~nq. a Losn Au«~et;p, ~ . My Comm'n ExpirQ,~s=" - f
Of Fort Pierce. " _
Fwt Pitrce, Fbrida ~ `
FILE~ AND RECORDBD~`. ' G''•-...,,.„..•••'p;. '
, ST. LUCIE COUN7Y. FLA: ; - ~''`~,~~L';~,,; ;
~ Rr:C^F[1 V~R1~1ED ' '
This instrument prepared by -~-s"~48~
First Federal Sav. & ~oan Assn. '68 MAY 2 7 PN 2: y 3 . ~
f Fort Pierce ~
8
r•.oJ~~ i•OITRtiS
- CLERK CIRCUIT COURT ' . . -
i
~ ~ BOOK1~~ PACE 2~ `r Y' ' ~
t A J . .
- ~ ~ . ~ ~ .
'..W"c" `R~Y~,s' . ~ . . . . _
s~ F~ ~