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To plaq aad contMwiou~ly kNp on th~ bu{idi~ps now w MtNA~t ~1twN on said land ~nd on ~II puipm~nt a~d p~non~lly oovK~d bp this na~t¢ .
with dl pnmiwns tF?Kwn p~~d io full, fin inwwnu in ~M usual ~uedard policy fwm. in • tum approv~d by tM 11AORTGAGEE, ~nd wind~torm
inwnno~ tn tM vw~l sunda.d po~~cy forn~, 6? • wm ~pprowd by ~M MORTGAGEE, in wch company or canp+~l~s +s ~M MORTGAGEE may
dincy ~nd all ik~ w+d winditorm i~uw~na polici~s on ~~y of s+id bt?ildinpt„ any MNrat tl+K~in o~ parf tM~wf, in tM ppreya~~ ~um ~fa~said a ;
In ~xcwf therwf. ~h+ll contsin th~ usual st~ndard maty~ claus~ a such aha claus. u ~M Ma~~y.s m+y req~in. m+klnp tM lo~ u^dK ~+'d pd} ~
ci~s. esch and ~v~ry. WYabi~ a said MOR?GAGEE as its inte~e~t may app~ar. and each and ~very ~~cA poliq ahall be promptly asi;qned a~+d delivered ~o i
any Mld by said MORTGAGEE ~s fwtlwr ~scu?ity ro s+id mort9+p+ d~bt, snd. ~ot I~s~ th~o t~n (10) days in +dvanu of tM ~xpk~tion of esch po~icl?. to d~- ~
tiwr ro~aW MORTGAGEE • nnewal thereof. top~~i+u with a hce~pt fo? tM pnmium of wch renew~lj u~d the~e ahall be no f'as w windstwm insur~nt~ f
plapd on aey of s~id build'u~ps, any intenat thu~io or p~rt ther~of, ~alta ie tlr form and with tM loss p~yabi~ as afonsaidj and in ~M eve~?t amr swn
of monty beoomss p~Y~bN w~d~r wch Po1kY a Pol'c~s Mid MORTGAGEE sh+ll haw tM option to rouiw snd ~pply th~ sune on accouot of th~ lnd~bted~
nas Ncw~d Mnby w b permit s~id MORTGAGORS to ~~odw ~nd w~ if p~ny part ther~of fw other purpoaes, wilhout thareb~ waivi~~y or imp~ir-
irg a+y pvify, lia~ a ri~ht vnder or by virtw of tlds mort~pet +~?d in tM ~weu s~id MORTGAGORS thall {or ~ny r~ason fail tu ke~p tl» said panisa w
inwrad, o~ fdl to deliver promptly anY of said polities of inwranc~ ro said MORTGAGEE, o? fail promptly fo psy fvlly ~ny premium therefw w in any
re~p~d f~il b pMfwm, diicharg~. execute. ~ffM. compl~te. comph with and ~bid~ by this covenaet, or any part hereof, said MORTGAGEE may pl~u ~nd
p~Y fa wch in~war~u or u+y put NNreof withow w~lvinp w affectinp a~+y option, Ihn, equiry. w?ipht unda w by virtw of thls Mor~p~pe. +nd the
u
full ~naw~t of each and ~wry such WYma+t sh+~~ b~ inw~d'u~~Y ~+"d WY+ae ~nd sh~fl bea~ interest fram the dat~ thereof until paid at tM ut~ of
nins per tentum pK snrwm and topNhc~ with suth interest ihal~ be secured by tM 1'Nn of thi~ mort~~pe.
1. To p~rmit, aommit or wffer oo wsst~. Mapiumeet a detaiorstion of said property or any put thereof.
S. To pay all ux! sinpular th~ coats, ch~ry~s snd ~xP~nses. indud~^D a n+w^+bN ~norrwy i fe~ and cos+s of sbstracts of titte. inc~rred or paW d
any tur» by s~id MORTGAGfE, bec~use a in tM ewnt of th~ failuro on th~ part of tM said MORTGAGOR w duly. promptly and fully pe~form, d~xhupw
execut~, ~ffed. oanpltt~. oomply with and ~bide by ead+ a~d every the stip~latiw?s, aQreements, conditions, and eovenann oi said promissory not~ and this
mo~tp~ u~y a eithe~. and said costs. dWrpes ~nd ~xM^sti, ~~ch +^d every, sF?dl be im~nediately dw snd psysble: whether w not there M ~otia ds~
m~nd. ~nempt ro collect or wit pead~rg: and th~ tvll ~nww~t of each u~d wery such psyment shail bea. interest from ths dat~ thereof u~til p~id at th~
.ate of nirN per centum per annum; and all s~id cost~„ chuga and expe~ses innx~ed or p+id. toge~Mr w~th wch inter~st, shall b~ secwed by tM lan of tha
^arp+D~. .
b, Thet in the ~vent of ~ny brsach of this Morty~ye o~ default on tM paA of ths MORTGAGOR, or (b) in the ~vent sny of wd swro of ma~ey
herein referred to be not promptly and fully paid within thirty C30) d+ys oext after the sain~ severatly becoms due and payable, without d~m+nd or notice.
w W in tl+e ~ven1 esch ~nd every tl+e stipuktio~, yr~erMnts, caditions aed ooven~nh of sa~d promissocy note a~d th~s mwtpays any w ~ithsr an no1
iuly, prompNy ~nd fuly perfwmed, d~sch~rged, execvted. tffected, aomplet~d. complied with and abided by. tix~ In tither w any such ewot tl» said +Q~
yreyaN swn mentiw~ in s~id promissorY note tF~en remaininp vnpaid, with imer~st acuued. and all naneys secwed hereby. aMtl becoen~ dw +~+d P+Y-
able forthwith, w thereafter. ~t the option of said MORTGAGEE. ~s fully ud comple~ely as ff all of tl+e said wms of money were or~pinally stipulated
to b~ paid on wch day, anythinp in sa7d promissory note a in this Mort~a~e ro the contrary notwithstanding: and there~pon w theroafter at th~ option of
uid 1NORTGAGEE, withovt noY~ce or darnand, wit at law a in puity, theteForo or t1Kre+fter begw4 may be prosecuted as if all ma+eys ascwed lareby
had m~IWed pnor to its irotifution.
7. That in th~ eve+?t tl~at at tM beginning of or ~t any tims pending ~ny wit vpon tMs Mwtgspe, or to forecloa~ H, or to reform it, or to ~nfora
payment of u+y daims hereunder. s+id MORtGAGEE shsll apply to the Cour1 hsving jwisditiwn thereof fot the appointment of ~ Reteiver, wch Court sh~ll
fathwith appoint ~ receiver of uid mort9aged property all and unyvl~~, includ~ng all and singutar the incane. profib. iswes and revenues from wMt~v~?
wuru de?ived, e+cF? and every of which, it betrg expressy vnder:~ood, is hereby mo~tgaged as if spec~ficaUy set forth ae+d desuibed in the pn~tinp a~d
habendun cl~uses hereof, u~d wd+ Receivar shall Mve all the brosd and effectiw functian and powen in ~nywise entrvsted by a Court to a Receiva, and
svch sppo(ntmeM shall be msde by wth Court u ~n edmitted equity and a rr~tte~ of absolutt riyht ro said MORTGAGEE, and without refera~ce ro th~
adequsty w irwdequacy of the value of the property morips~ed or to the sdvency or ir?so~vency of s~id MORTGAGOR or the defendanri, and that such
rents, profits, income, iu~es and revenues shall bs appl~ed by such Receiver «cordin~ a~he lien a equiry of said MORTGACaEE and the practic~ of wch
Co~A.
8. To duly, promptly snd fvlly perform, d"acha~e, execute, effect, complete, comply with and abide by each and tvery the stipulaYans, prsements,
condit;ons and covenants in said promissory note snd this mwtysg~ set forth.
9. That the event the ownenhip of the mwtgayed premises, or any part thereof, becanes vested tn a peraon other thsn the MORTGAGOR, tF+~
MORTGAGEE, its succeuws and euigns, may, without notice to the MORTGAOR, deal with such successw or waessw in intcrest with refer~nct to this
mor~9sye ~nd the debt Fxreby secured in the ssms msnnar +s with Mwtgaga w~~hout i~ any way vitiatirg w discharging the Mortyagors' li~bility I+~rs-
under or ~pon the debt hereby sscured. No ak of the pran~ses hercby mwt~~ged and no forbearance on tM part of the MORTGAGEE a id waesson
or auig~s a~d no exteniwn of the time for ths p~yment of the debt hereby secvred given by the MORTGAGEf o? its wccessors w astipru, sMll oqraM
to release, dischar9e, modify change w affect the oriy'u~al liability of the MORTGAGOR hercin, either in whole w in part.
10. It is specifically agreed that time is of the essence of this eontract snd that no wsivar of sny obl'gat7on hereunder or of tfis oblgation sr
cvred hereby shall at any time thereaNer be held to be ~ waiver of tF~e temu hereof or of the irutrurnent secured herby.
In add~Ywn to tF+e forego:ng monthly psyments of prir+c'pal snd interat reqvired by tMe promiuory note , gagw covens~ts
and agiees to rt agee with each rtwnthly payment an additio~al swn est~ma~ed by mort o 1 12 of the annwl cost of the fo~low-
ing:
; A-All real property taxes levicd or asses a ~ resl estste.
~ B-Premiums on fire and windstorm insurance n requ~r o ' on the improvemeots situate on the above desuibed premises.
E C-Premivms on such mortgage inwrance u mort9sgee shail from time to fit to cury on tF?e loan secured he~eby.
E
k Mwlgagee shall fr to time notify mortgagw i~ writing of the amount due and pay~bk her such wm shall thereupon be due and
~ payabk on t ate of the next monthly payment and each successive month thereafter urtil mortgsgee shall not~ of a chanpe in s~ch
amov sums shall be applied by mortgsgee toward the paymenf of real properry taxes, ins~rsnce prem:ums, and mortgaye insur+nce ~
emiums. '
IN WITNESS WHEREOF, the said MORTGAGOR Ms hereunto set his hand and seal the day snd year f'vst ~forasid. ~
' ned. Sealad and iver prdenc+e of• - ~
~ a n
~
, Lr . " A
STATE OF~I ~'jICHIGAN
t ~ .
COiINiY OF Il JQ'1J C~ ~
~ ~~,a„~~y Daniel B . ward .~a
GlOt~d 1• waSCl his wife, to me well known and knowp id m~ to M
the individu+ts desv;bed in and who exewted the foreyoirg irutrurt~ent, and adcnowledyed before me that they executed the sam~ fat .ttis° pVrpwes
rherein expreisal. Md the sa'd Gloria l. W8=d t r,~~-~`.,
W~re o~ ..~d Daniel B. Weucd ~~~+w++~??d p~ri+o.
examination by me taken sepsrste and apsn from her said husband, ~dcrwwledged ro+nd befwe me tMt she executed said it?~~R ~(~e~a~id•ydun~:
rarily and witMoW any oompubion, co~strsinf. +PPreF~ensan, or fear of or from her said txnband. , L~, -
WITNESS my hand and offieial ssal this L/ d~y of •~"~A1 (`Z -A,• ej's _
~ ` ~ " " j
~ . - . „ , Nonry Public in fw t aje +~,'1X61!'i
My Cornmission - =
aet~,?~ Ta ANp RECORDE`A. ~ +~.g. ~ • ~ .r _ .
Rrq F~der~l Savirgs 3 loan Assotiation FILE~ • `j . ;
COUNTY, F ' ~11' ~ ,
of Fo~r PK~«. ~7. LUCIE cRIF?EO .
y '%r' t~ ;~J~
, ~ P;~~. Florida ~F~cat~r 3~s3 ;-'"''',?,,,,J.~:;:.,:~~~-
1'~• .
' JAN AM t0 ~ 3 _
This Instrument Prepared ~ .
First Federal Savings b loan Associatio
• of Fort Pierce RpvE 0{7RAS
_7_ [_hAat~3n CLERK C CUIT COURT
Checked By - • -
800K175 PAGE ~~9 ~
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