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S. To plao~ ~nd tontUwously kNp on th~ buildinpt rqw or h~tNftw ~ity~t~ pn s~W land ~nd on ~II puipmK?t ~nd pN~on~liy covN~d by tfifs mort~
+p~, with all pr~miunq ~he~~on p~id in fuli, fin inwranc~ in the usual ttandud polky forny in a wm approwd by th~ MORTGAGEE. ~nd wl~tam
tnswann in tM uswl atandud pol~cy fann, ie ~ wm approwd by tM MORTGAGEE, in wch compsny w oompani~s ~t tM MORTGAGEE m~y
dina~ and all fi~~ ~nd winds~on~ imurano~ policies on aoy of ~aW buildinp~, ~ny Int~r~t tl+H~in w put therwi. In tM apyrep~r~ swn afassaid a
in ~xpss ther~of, shall oonrain th~ wual itar+dard matpap~e daus~ w such ahN cla~s~ as iM MatyaQN miy ~equ'a~, rMkinp tM toss u~ a~id poli~
ci~s, e~th u~d ~vNy. paYabl~ ro ~aid MORTGAGEE a~ iy interest may appra~. ~nd each arw! ~vNy iuch pclky thail b~ promptly us:yn~d and d~livsrtd tp
+ny h~W by taid MpRTGAGEE st funM~ sscu.ity ro s+id matpsy~ deb~, aed, rw~ 1~ than Nn p0) days 1n sdvsnc~ of tF~ expir~tion of esch policy, to dt
tivN to ~id N1pRTGAGEE a renew~l tl~eof, top~thK with • r~osipt fot tM premiwn of s~ch r~newalJ uid 1her~ sh~ll be ~o fu~ w windstam inw~ana
pl~pd on any of s~id buildiny~, ~ny interett 1Mrti~ a put thereof, unku le tn~ fotm ~nd with tM loss piy~bla as aiwesaids ad in tM ~vtM u~y wm
of ioonsy bttyny p~yabl~ w~der sud? pelky p~ poliNy wid MORTGAGEE sMll Mw tM option fo retave and ~pply tM wn~ on acoount of tM iod~btac~
n~u s~cv~~d Mr~by a to permit sak! MORTGAGORS to reteiw and ut~ it w ~ny put thcr~of fw other pwposea. without thereb~ waivinp or impair-
irq ~ny pvity, li~ or rghf w~de~ or by virtw of this morrye9r, ~nd in tM twnt said MpRTGAGpRS sAal1 for ar~y r~ason f~il to keep the s~id ptemises so
i~svnd. o. tu~ ~o d.rw~ ao~ty ~ny of ssid policies of iruvranu to said NIWRTGAGEE, a f~il promptly to p~y fully ~ny p?emium thKefor a in u?y
resp~et fail fo pMform, discharq~, ~xecute, tffect, complete, comply with ~nd ~bide by tF~ia tvveMnl. Of My pD~t INflOf, sald MORTGAGEE may plap and
WY fa suth in~w+nc~ a any part th~nof without waiviny a ~ff~sfiny u~y optip~, lien, puity, or ~iqht v~de~ o? by vinu~ of thh Mort9ap~. ~rd the
full amo~nt of tach ~nd ewry s~ch p~yment sh~ll be imrn~di~tely dw ~nd pay~bi~ uuI shall beu interest from tM dste thereof uolil paid ~t tM ~alt ol
nin~ per pntvm pu anrwm and toyether with wch interest ~all be scc~red by tM liee of this moripipe.
~ To permtt, ooenrnFt w wffer no wasta. kopiirment or d~taioration of said propKty or ~ny part ther~of.
S. To pay all and sknpulu th~ costs, clwrpes and expenses, indudinq ~~sonable attom~y's fee snd oosts of ~bstracts of tiN~, incv?nd or p~id ~t
+~Y bY aaid MORTGAGfE, because w in the eva?t of the failuro on ths p~n of th~ seid MORTGAGpR to duly, promptly and fvlly pe~fam, distM?~
execut~, ~ff~ct, compl~t~, compty with and abide by each ud every ths stipulatio~s, ayreements, cwxlitions and oovenants of said promissory oote ~+d ~his
rt+wW+p~ +~Y w a~her, u~d sald cosa. ch~ryes and expenses, each and every. sh~ll be lmmediately dw and paysble: whethe~ o? not tF+K~ b~ notio~ da
msnd. ~tt~mpt to coltect or wif peod~np: and ths full anwunt of exh snsi rvery svch p~Yment sha0 bes~ interost from the dat~ thereof until patd at th~
rnte of nins per centum par snnum; aod all said costt, chsrpes and expenses incurted ot paid, together with s~?ch i~terest, ~11 b~ sscured bp th~ liw~ of tha
'no~tp+~,
6. iMt (a) in tM ewnf of aM? braxh of this Mortysp~ or defaul~ on ths pan of the MORTGAGOR, w(b) in tM ~vent ~ny of said wm= of erwr~y
herein refarred to be e~ot promptly and fvlly paid withi~ thirty (30) d~ys nexf afte~ the same seve?ally become due ~~d payabl~, withoirt dsmand o? ~otiu,
or (cj in the event each and ewry the stiputations, sgnements, cond;tions and cover++nq pf sa~d promissory note a~d th~s mortgs~e any w ~ither ~n not
iutY, pomptly ~nd fvlly perforrMd. dischsrged, execvted. ~ffected, compkted, tanplied with and ebided by, then in e:ther w a?iy such ~wnt ths ssid p~
pregsh wm mMtioned ie said promissory oote ther? remau?ing unpaid. with interest scuued, ~nd all monsys securnd hereb~. shall beoort~ dw arxi psy~
able forthwitly a theresher, at tM opYwn of said MORTGAGEE, u fvlly snd completely ~s if atl oi the said sums of mon~y we~e oriyinally it3pulated
be Paid svch daY. snY?h?^q b+ said Proa~+~sso~Y note or in tha Mort~aye to the contr~ry notwitFqtanding; and therevpon or there~fta at tM option of
said MORTGAGEE, without ootice w dar~s~xi, wit at I~w or in equity, therefwe or ther~ahc~ beyvq, may be prosecuted ss if all moneys acur~d hereby
had m~tured pnor to its institution.
7. That in ths wan? th~? d the begin~;ng of or st sny time pending any wit upoe~ tha Mw~gags, a ro foreclos~ it, or te reform 8, oe to enforc~
payment of a~r claims hereunde~, ss;d NIpRTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of • Receiver, such Ca?n aM11
forthwith ~ppoiM a recciver of said morf9aged proQerty aU and sirgular, includ~ng all and sinQvla th~ income proiita, Issuey snd rerenues lrom wbat~wr ~
sowts derived, eath ~nd every of which, it beinp expressly undtrstood, a he~eby mo.~gaged as if specititally set forth snd despib~d in tM yrsntiny and
habendum clavses hereof. and such Receiver shall have all the broad and effettive funct~ons a~d powers in ~~ywiu entrusted by • Co~~t ro~ Receivar, and i
iuch appoF~tment sha11 be mad~ by wch Cwirt as an admitted equity and a m~tter of absolute riyM ro said MQRTGAGEE, and withouf re(ere~te to fhe
edequ~cy or insdeqwcy of the valve of the property mort9aged or to the wnrency or ~nsolve~cy oi s+id MpRTGAGOR a the defendants, and that svch
renn, profits, income, iuues and revenues shsti be spplied by such Receiver according to the lien a puity of said MORTGAGEE and 1he prac~iu of such
Court.
8. To dvly. pranptty and fully perfwm. cGuharge, execute, effect, compkte. comply with and sbide by each ~nd ~wry ths atipulations apreemeny,
cwiditio~s and coven~nts in sa;d prom;ysory note a~d this mortyage ut foeth.
9. That in the eveM the awntnhip of the mwtgaged F~ert~ises, or arty part ttw.veof, bera,ies vested in a person othsr lhan th~ MORTGAGOR, th~
MORTGAGEE, its wtceuon snd assigns, msy, withovt notice to the MORTGAOR, deal with such successo~ q suctessor in interest with referlnt~ to this
mwtype and the deb~ hereby secured in the same manner as with Matgapor without in any way vitiatiny w disch~rginp tIN Maty~gexs' INbiIi1Y I1lM
Lnder or uPon 11?e dtbt herebY secured. No wle of the premises hcreby mwtgaged and mo forbtarante on the part of the MORTGAGEE a itt succeaton
or suigns and no extension of tha time fw the paymem of the debt hereby securcd yiven by tM MORtGAGEE or ;tt successws w ~uiQrq, .hall op~r~t~
to rekase, dixMrye, modify cMsrge or affect the wigina! liab~lity of the MORTGAGOR I~erein, eifher in whok w in put.
10. It h spetifically agreed thst time is of ths essence of tbis contract and that no waive~ of any obligaYa~ hereuntler w of th~ obl'g~Ywn sr
cured F~ebY shall at ~sny time thefc~fter be held to be ~ waiver of the terny hereof w of the initrume~t secured herby.
11. In add;tion to the forego:ng monthly payments of print pal and interest required by the promiuory note secured hereby, mort9sgor tpveruny
and agrees to pay to mortgagee with each monthly paymeat an add~r'qnal wm esrimated by mortgagee to be egual to 1/i2 of the annual cost of the fol{ow-
"'g`
t
A-All real properry taYes kvied w assessed against the above dexribed real estate.
B-Premiums on fire and windstorm insuranc! as hetein requ:red to be tarritd on the improvements sitwte on the sbove destribed premises. ;
C-Premiums en such mortgage gwranty insurar.ce as mortgagee shall from f~me to time deem fit to wry on !he ben setwed hereby.
Mwtgagee shall from time to tirr~e notify mortgagor writi~g of the amount due and payable hcreunder and suth wm shall therevpon bs due aad
payaWe on the due date of the next monthly payment and each successive month thereafter ur.til mortysgee shall notify mortgsgo~ of s chanpe in such
amount. $~ch sums sF.atl be applied by mortgagee toward the payment of real property taxes, inwrarxe prem:ums, ~nd mortyaye 9uuanty insurance
premivms.
N WITNESS WHEREOF, the said RTGAGOR Fus hereuMO set his hand a~d xal the day snd ytu fint afotts~id.
and red ' tM presa~ce of: .
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STATE OF FtORiDA ~
ST. LiJCIB ~ • -
couNn oF .
btf,,. n,. p.n,,,.~W~.~.a Wi lli aa D. MclC~nds ick ~
Lo:sain~ J. MCK~tldl3Ck hts w~f~, ro me w~It known s~d k~own ro~ w b~
the individwh d~scrib~d in and who ea~cvted tM fupoi~g irotrup~ent• ~~~KlilO 1C~~ thty txecvted the sarn~ fo~ th~ purpoa~s ~
ri+~nin ~~ras~d. Md tl+e u~ LO=!f 11! ~
i
w~te ot rh. ..id Wi11iL D Mc1C~ndfricle upo„ , srpa.t. and priv.a E
e:~mination by rr~ take~ ~ep~rat~ u~d ~,p~n from har s~;d husb+nd, acEnowi~dp~d b~nd b~fo~ n,~ tlyt sM ~x~cvted siid insrrurnent frfsly snd volun. ?
r•rJy ~+d without w+y compulsion, co~straint. +RPreMrn;on. ~r fear of w fram Mr siid iwsband. ;
WITNESS my h~nd and olfki~l ~sal th~ ~~~L~ d,Y o{ Jul
~9 69
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Nwsry blic in ~nd fw the Sta~~ of Flaid~ ~t tarp~
RNurn Ta . Mr eYpirp: _ _ _
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F'vst i~d~rrl Swiiq~ a to.n As~oe~ar~w, ~ e u;.: No~t Pub~1t. SUk ol Raid~ ~t Lr'~
Of fat Pisrtf. : ~ ~
. v».c.. F~.~ Co~ss;a, Expires Ap. 6, WTl
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A~r ti~ ~ rart f~
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=fr~EO ,~~~o RECO~$
,f„~r- `Z' ~ ~ - LtlCiE COU`.TY. F~~.
This Inst~ument Prepared By T~- A. ~~it~0'~1. = = ' ~ ~ ~ ~ ^ ~ ~ ~ - Ij i
First Federa! Savirg: b loan Association ~ ~ ; ? a. ~v ; ,`80~:7r~ s
of Fort Pierce, Rlo~ida -~.,p•~...~,~` Q.. ~
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;j~p I ~I aM ! ~ : 4 0 ~
n f~ Q ~trS
Chetked By m k ~ ~y~~.G~- }
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Q rK ~~R^.L`~ ~ COURT
600K 1~0 PA6t~~ ^ ~ ~
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