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3. To plac~ and con~inuoualy kNp on tM buildin~ now a MnaflM ~itv~t~ on iaid laod sad on all equipn,ent and p~rwrully cow?ed by thia mort~
wi~h aU premiums the~ea+ paid in full, firo in~wanu in th~ vsual standard policy fo~m. in a ~um ~pproved by the MORTGAGEE, and windatorm
inswaec~ in tM uwat uandard potccy iarn, !n a:um approv~d by tM MORTGAGEE, In such company w compaoi~s as tM MORTG~IGEE n+~y
dihc~l and all firs ~r+d wi~~wm inswanat polici~s on ~ny of said buildinp~, ~ny tot~r~st tl+K~in w p~.t therwf, ;n th~ ~yp~e9a?~ wm ~faes~W a
in ~xc~ss thereof, shall contain th~ uswl standard mortp~w ciws~ w such o~he~ ciwss u th~ AAorrQapt~ may ~equ~.~, maki~g ~M lots und~+ said poli~
cies. ~ach and w~ryr, paYabb !o sald MORTGAGEE s~ itt iMHtat m~y app~u. and csch and awry such policy shall b~ prompNy ass:9rsd and d~livKed to
any Mld by ~id MORTGAGEE a funhN iecwity to said mort~sp~ debt, ~nd. not lea~ than ten (10) days G+ advuxe oi tM ~xpiratia~ ot ~ach policy. ro dr
livt~ 1o said MORiGAGEE a renewa! tMr~of. topsthq with ~ roc~ipt fw tM pr~miwn of wch rer+twalJ a~?d thet~ ahall bt no fire o~ winds~am insurae~c~
plaad on any of iaid buildinys,. ~ny imar~st tM~ein or put tMrwi, vnleu in tM iorm u+d with tM fass pay~bl~ u afaesaWj and in ~M ~vent My swn
of nweKy becw~ws pay~Wt w?d~~ wch polky or policies wi~ MORTGAGEf shall haw th~ oprion ro aece;re and spply ths ssrt» on account oi th~ Ind~bted~
neu secwed i+ereby a a pcrmit said MORTGAGORS ro noeiw ~nd u~ N p iny pwt d~reof iw other purposes. w~~hwt tha.eb~ waivug or anpair-
lnp ~ny pvity, lien o? ~iyht uodsr a by virtw of this mortp~g~; u+d in th~ ~wnt said MORTGAGORS sMH for ~ny reaso~ fail to keep ths said premltes so
ir?iwed, o~ fsil to d~liver promptly ~ny ot Nid POIKiQ! OI irawarKS to said MORTGAGEE, or fail promptly to pay }ully any pcemium ther~fo? w ln ~r?y
?~spect fail w p~riwm, dischuy~, ~:~cut~, ~ffed, compk», comply with ~nd abi~s by this covenu~t, or iny psn hereof, said MORTGAGEE n»y pl~ and
paY fo~ suc~h iaswanc~ a+~+y paN tM.wf without w~ivinp or affactinp ~ny option, li~rt, eqvity, a??ght under a by virtw of this Mo~t~e. and tM
t~~~ ,mo„~t of .~d .w~y w~ P.ym.ot ~an a. ~,?~aiat~y d~,. ~„d P.y~~e a~+a ai,au interest from ths dat~ thereoi ~ntil p~id N th~ rat~ ol
ni~e pe~ caotwn per a~vwm and topethe~ witb such intaest shall bs secured by tM li~n of thii mortya~.
1. To permit, oaronit or wfta ~+o wut~, Mnpaum~m w dererior~rton of uid proper~y w u~y pa~t t!?eraof.
S. To p+y all s~+d iirgulK tM costs, char~es u?d exoa~ses, includinQ a roasonable a»wney's fee and coab of abatr~cts of titls, G+cvned a p~id af
eny tims by said MaRTGAGEE, because ot in tM ~vent of 1he failure on ths part of tlk said MpRTGAGOR to duly, prompUy ~nd fully perform, d~sch~ryR
exec~te. ~fiact. oomptet~, cwnply with and ~b+de by ~ad+ uid every tl+e stipulat~ona, agreements, co~ditions, and covenann oi iaid promissory no~e and thw
n+orryps any or eithx. a~d Nid costs, d~arpes and expenses, each ~nd ~very, shall b~ immediately due and p~yable; whe~her a not there be notice de
mand, attampt fo colkct w suit p~ndie?p; and tM f~ll ~nount of e~th snd avery wch q~yment shall bear interest from t1?s date il+ereof until p~id at th~
rate of nine Per untum per amwmj and ~II said eost~, clWrpes u?d exps~xs Fncwred or paid, toyatMt with s~ch inter~s4 shall be secured by tFK lien of this
r~qrt9~..
6. 'flwt in the evan! of any bre~ch of this Mwtpspe or default on the parf of the M02TGAGOR, w(b) in tM event a~y of taid swns of mon~y
herein referred to be not promptly and fuily paid within thuty (30) da~n next after the ~ame sevaslly become due and p~yable, withovt dem~~d o? notice,
o~ !n tM eveM ead+ and evsry the stipulatlor~s, agr~am~r?ts, toeKlitwns and cove~MS of said promissory note and th~s mort9ape ~ny or tither ar~ nd
iuly. prompdy and fuly perfwm~d. disch+ryed, execut~d, dfected, complete~, complied with and abided by, tMn in eirl~er o~ any auch wsnt tM said ap~
gregate wm menrioned ln said p?omiucry note thea remaininy unpaid, with interest acuued, and all moneys secured hereby. slxll become dw and p~p
abte fw~hwith, or thereafte~, ~t ttw optwn of said MORTGAGEE, as fully and comptetely as if ~II of the said sums of ma~ey wei~ pigirully sriputated
to be paid on svch day. snythin9 in said promisiory no~e or tn this Matyagr to the contrary notwithst~nding; and therovpon a tl+ereafle~ at ths opt'wn of
said MORTGAGEE, without notice w demand, wit ~t Isw or in pvity, tt?erefwe ot thereafi¢r begwy may be prosecvted ss if all moneys ~tur~d hs?eby
had matured prror to iri iratitvtion. -
7. Tha~ in ths eve+~t that ~t the beginning of o~ ~t ~ny time pending any wit upon thia Mortgage, o~ to foreclos~ H, w to rofwm it or to ~niwp
payment of +ny daims hereunder, said MOATGAGEE shaU ~;~ply to the Court havinp jurisd~nion fhereof ior the appoiotment of ~ Receiver, wch CaN1 sh~ll
fwthwith appoint a receiver of said mortgaged property al) and singvlar, includug all and ~irgut~r the income, profits, iuues and rovez:xs from vrlwt*var
source derived, cach ~nd avery of wh~cfy it be;np exp~euly underatood, is hereby mortgaged as if spec~fially set fath and dcscribed ie the ~?antiny end
habendum da~ses fKreof, and such Receiver shall Mve ~II the broad and effective funct~om and powe.s in ai+ywiu entruated by • Cowt ro a Reeeiver, and
such appointmecit shall be made by s+xh Court q sn sdmitted eq~iry and a matter of absolvrs ~igh~ ro said MORiGAGEE, and wi~lauf roference ro the
sdequscy a inadequacy of the wlue of tf+e properry mo~tgaged or to tF?e sohrcncy a insolvency of s~id MORiGAGOR a the defendann, snd thal sucF~
rems, profin, income, iuves and revenues ahall be applied by such Receiver according to th~ lien a equiry of asid MOOtTGAGEE and ths practiot of wdi -
Court. ,
8. To dvly, promptly and fully perform, dacharge, execule, effect, compktc, eompiy with ~nd abide by each snd every the stipulations, apreemeob,
condiYans and covenants in said prom'~ssory note and this morip~ge set forth.
9. Th~i in the event the ovvnership of the mortgsped pramises, w any pan the.eof. becomea vested in • perwn orl+sr tl~ao the MOtlTGAGOR, tM ~
MORTGAGFf, i» wcceuaa snd auiQra, m+y, without notice ta the MORTGAOR, de+l wi~h such successor or successor in interest with nferance to this ;
matg~pe snd the debt hcreby secured in the same manner as with Mortgagw withow in ~ny way vitiatirg a d~schargi~g the Mony~gon' li+bility hera
under or vpon tfie debt hereby secured. No sala o! the premises hercby mo.tgaged ~nd no fwbeara~ce on tM part oE the MORiGAGEE a its svaesson
or auig~ and no cxtension of the time for the payment of the debt hereby secured qiven by tF~e MORTGAGEf a iti ~ucceuors or sss;piq, sh~ll opHat~
ro rekase, discharpe, modify chang~ or affect.the oriyinal liabi(ity of the M~ORTGAGOR herein, eithar io whole or in psrt.
10. It is specificaqy agreed that time is of the essence of tha mntract and thst no waiver of any obliyation hereunder or of tM obllyaYan ss-
curcd hereby shall at ~ny time thereafter be held fo be a waiver of the terms hereof or of the inatrument secured herby..
11. In add~iwn to the fwego:ng monthlY paymenh of princ:psl a~d intercst req~ired by the promissory rqle secured hereby, mwtgsgor covensnts
and agrees to pay to mortgagee with esch rr~«+thty payment sn add~tional sum estimsted by morfgagee to be equa! to 1/12 of the anrwal cost of the foUow-
7ng: . . - - .
A-All real properfy ta:es kvied w assessed agairat the above dewibed real estate:
B-Premiums on fire and windstopn inswanu as hcrein ~equ~~ed to be urried on 1he improvemenfs sitwte a+ the a6ove dewibed premises.
C-Premiums on such morigage guaranry inswance as mortgagee shall from timt to time deem fit to carry on !he ban setured hereby.
NSorfgsgee shaA from tirr.e to time rwtify mortgagor in writing of the amourtt due and psy~bk he?evndcr and such wm shall there~pon be dus and
payable on the due date of the next monthly payment and each svccessive month thcroafter urtil mortg~gee shall notify mortgagor of a chs~ge in such
amount. Such sums shall be spplied by moetgagee toward the payment of ruI property taxes, insurance pem;w~a, and mort9aye yua?anty iowrsnce
premiums. •
IN WITNESS WHEREOF, the said MORTGAGOR Iw hereunto sst his hsnd ~r~d seal ihe day and yeu first aforesaid. ;
Sipnad, Seakd snd deliver in th pre~ente of:
~~EO aNO-RECORO~LA,: ~ n
ST.RECOR~J VER7YEO ~
183~g ~
-n
STATE OF RORIDA !69 EP~, ~ ~ " ~ O ~
COUNTY OF $t • LZiC'LQ ~
Lloqd Taylor ~
C defors me pKaorwlly app~srod ~
F v~ ~ hb wife, to me well known snd krawn to r»e tp be
E rh~ ind~lqd
,w, daa;bed in and w!w exscvred ths f .«~d tedyed beforo me thst
t, tiay exewted ihe sams fa ths pwposes
! rhe..~tti F,~pr.ss.d ~;xnd ths sa~d Clatilde F. ?~YlOr
I wife~f,Jlli'ia~1~ ; r.~- Llovd Taylor v~ ~ sea~ate and p~v~t~
exanunafiol?lhe 1±K'tskqii ~epuate ~nd ap+rt fram her said Iwsb+nd. adcnowfadQed ro+nd 6~for~ me that she euecuted said instrun~ent 6esly and vdun-
tari J y wltlwiri ~qr_ tO~r
Q u
i s i o
n, cw~slraiM, apprei~eraio~, or f~x of or from her said Iwnband.
:
1NRNESS mY ~~jd`*id offici~l ssal t~+ 2` ~ d~y of
. _ A. D. 19-~-
: - ~ ~-c~`J
r : ' '
• -:ti•°~` - - ~ Nor PuWic in snd fw tM tt of Fforida at lupe
~ . ' ~ • ` i' ~ My Cam~iuioe txp'ves:
•,'•••...•-•,_~tri Ya . • •
Hrst f~da'al''54viA~t, i`Losn Associat'an li:iT~~ ~Y :•~:I_;:.. - G: ilc',- :,i li.A~E
_•Of fWt Pierce. f.'.ti ~ . ~ ~
. Fo~f Pierte. FlOridi t-e.c...,.. ~u o~carctH•.•..,~
; This Instrument Prepared By R3~chatd K. Kay~s
; First Federal Sav+nga d~ Loan Association
~ " of Fort Pierce~ F1WCfda "
~
` Checked By - -
; BOOK ~~O ~AG£ ~e~
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