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To piac~ ~ed contintausly k~ap on tM buildinps now a~~~hu wtwt~ on ~aid I~nd u+d on ~H pvipment and p~nona!!y cov~ncl by this mort~
y~. with ~U pr~mwms thereon paid in fu14 fin inswaou in ~M uswl s~andard policy form. in ~ wm approwd by tM MORiGAGEE, a~d windstum
tnwraec~ in tM uswl stand~rd po6cy fam, G? a swn approwd by tM MOItTGI?GEE, in wch company a compu?ies a tM MORTGAGEE may
d~ctt +rd ~II fin ~nd w'udttonn i~au?aoa potkies on u+y of ea+d bviW~npt„ aey k»~r~a1 th~rein or p~rt thKeof. in tM ~rep~t~ wm ato~e~aid a
Fn uce~as thsrwf, s!?sll eont~in tF» ~wal at~rvJud enortpey~ el~ua or weh al?M dws. a rM Mor~9a~.s m~r ~pvi~~. maki~+p tM loss unda said poli~
ci~s. tath ard ~vMl. P+Yabl~ to aaid MORTGAGEE af ib intsrest m~y ~ppw. ~nd Nth and ~very tuch polity thall bt Womplly ass:pned ~nd dtliv~red to
~ny Mtd by asd MORTGAGFE a~ fwtha uarrity to said mc+rtysy~ dsbt. and, no? ksa tMn qn p0) days In advance of tla ~xpir~tion of e~ch policy, to d~-
liv~? to s~id MORTGAGEE • nnewal tMr~of, top~thK witA ~ nuipt for ths pr~miun? of wth rentw~l; ~nd thete sMll b~ no fin a windstprm inwra~u
plaad on ~ny of sskl buildinpa, ~ny ini~r~st tMrrin a part thKeof, unleas In th~ fam uxl with the loss p~y~blt u ~foresaidj and ie th~ wMt aey wm
of inoney bewm~s payabl~ ~ such polky or polici~s said MORTGAGEE shall hsw tM option to roceivs and applr tM s+me on xcow+t of th~ lr~bt~
Mss aeturld hertby a 1o psrmit Nid MORTGAGORS fo rsceiw and us~ it p any part therwf fo~ other purposes. wi?hout thoreb/ waivi~g or impair-
inp any pviry, lis~ or rgAt widei a by vLtw of this mort~syq ~nd in th~ ~wnt uid MORTGAGORS sMll fq any reason f~il to keep tia ~aid ~lremises so
inswed. or idl to d~iiry: promptty any of sald policia of i~wranc~ ~o said MORTGAGEE, or fail promptly to pay futiy any premi~m ther~fw or Fn any
r~spoct f~il b psrfain, discMrpe, ~x~cvte, ~ffact, compl~t~, oomply wiih and ~Wd~ by th4 oovsn~nf, or any paN hereof, said MORTGAGEE may pl~u u~d
paY fa ~uch inswarw or any put tl+Keof without waivinp or ~ff~ctinp any option. Ikn, p~iH. or rght vnJe? w by vfrtw of thii Mwt9ap~, and tM
fu11 amouot of each and ~wry such p~yma?t sMll bs immediatey t!w ud p~yabt~ snd sMlt beu Intereit ~rom th~ dai~ thereof until paid at tM raa oi
nins pK csntum pa arwwm and topethsr with wch intcrest sh~ll b~ secu~ed b~r tM 1'~en of this mortp~ge.
4. To permit, oommit a~ wffa no waa. Imp+im+ent w det~rior~tion of ~aid prope~ty or ~ny pert the.eof.
S. To pay ~II ~+d sinp~l~r tM co~b„ d~arpa ~nd ~xpK?ws, ind~+ding a reasonable ~ttwn~y's fe~ u~d oosb of abstrscta of title, incur.ed a psid ~t
any tims b~r aid MORTGAGEE, b~uuss or in th~ twnt of ths f~ilure on the put of tlu said lNORTGAGOR fo duly, p?omptly ~~d fvlly perform, d~scharyR
execut~ ~(f~ct, campk» comply with and ab~d~ by exh ~nd every the stipul~tions, syreements, conditions, and eown~nK of said promissory ~ote and :h4
mortyap~ ~ny or arher. u?d taid costs charaas u+d ~xpenses, each ~+d evary, shatl b~ immedi~tely dve a~d psy~ble; whether or not the.a b~ norip ds
mand. attrmpt to cotkct ar wlt ptndirgt arw! th~ f~ll anau~t of esth and every s~xh paymcnt shall bear interest from 1he d~te thereof v~Hl p~id ai th~
rate of niew per ceotum per arwwm; a~d dl said eost~ chu~s and expenses ir~owrad a paid, topether with such intsrest, shall b~ ascurad by tFa IiN+ oi tha
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6. Thst (s) in th~ ~wnt of any bread+ of tha Matyayt or defwlr on tM p~n of the MORTGAGOR, or (b) in the event u?y of satd swro of mon~y
i,erein referred to be nof promptly aod fully paid within thirry (30) days next after the same saverally became dve ~nd payabk, without d~mar+d w notk~.
w W in the event esch and every the s~ipula~ioes agreemen», aonditions ~od caveaants of sa~d pr«nissory r,ota and t}us mwtpaye ~ny o~ eitner ar~ ow
iuN. pra~ptly and fulh perfwmed, di:cFWrped. ~x~ci?»d. ~ffec~ed, con+pl~ted comptied with ahd abidEd by. theo in eithe? or s~y such ~vtn1 flw aaid ap~
greyate wm mentiw~ed io said promisswy noro then remaieinp uopaid, with tntaest scuued, and all moneys secured herebY. shall beoonK dw and p~y~
abb forthwith, a there~her, at th~ option of sa+d MORTGAGEE, as fvtly sad compktely as if sll of the wid wms of aa~ey we~a aipin~.ly stip~lated
to be p~id on such day. anythin9 in s~id promisaory nofe or i~ this Mortysye to ths ca~vary notwithstanding; and thereupon a there+fter at tM option of
said MORTGAGEE, without notice or demand, wit at I~w or in puity, thereforo or thereafre~ begvn, may be p~oxcuted as if ~II moneys iecwed h~reby
hsd matwed pnor to iri imtitutioe.
7. Th~t in the event tFWt at the begi~nirg of w ~t anr time pending ~ny wit upon this Mortgsye, or to foreclos~ it, or to refonn H, a ro enforo~
paymcnt of s~ daims herevnder, said N10RTGAGEE sh+ll spply ro the Court having jurisd~crian thereof far the sppoirttment of a Receirer, such Gourt shall
fwthwith sppoiM a receiver of said morty~ged property +II ~nd iirgular, intluden~ aU and singular th~ intome, pofits, issues and revenves from wh~bvet
touru derived, each snd every of which. it beinp expressly unders~ood, is hereby matgaged as if spec~fically set fath and dewibed in tht p~~nrinp and
habendum clavses hereof, and such Receiver shall I~ave al! the broad and efiect;ve funrnrnom u+d powers in anywise eretrusted bp ~ Coun to a Receiver, and
such ~ppointment ahall be made by wch Cowt u an admitted equity snd a matter of absotute rigM ro said MOR3GAGEE, and without reference ro tM
sdequaty or inadequacy of the v~lue of the property mortgs~ed or to the solvency w insolvency of said MORiGAGOR p!he defendants, and that such
renta, p~ofin. income, iuves u~d rsvenves sFWll b~ ~pplied by such Receiver accordinp ro the lien or equiry of said MORTGAGEE and the pr~ctice of such
CouA.
8. To duty, prompty ind fvlly perform, dischugs, esecute, effect, compkte, comply with and ~btde by each and avery tM stipulatio% agroemenfs,
condirans and oovenana in said promiuory not~ ~nd this mortgage set forth. .
9. 7Mt in the event the ownership of the mor~g+yed premises, a sny pan thereof, beoomes wsted in e penon other th~? the MORTGAGOR, th~
MORTGAGEE, in suctesson and assiy~?s, m~y, without noi~te ro the N~ORTGAOR, dNl with suth waesso? a wctessor in interest wirh reference ro this
rrsort~age and tl+e debt hereby secwed in tht iarr~ mamer as with Mortgagor without in sny way vitistag or discharging the Mwtyagors' liability herr
under a ~pon the dcbt hereby seaned. No s+k of the premises he.eby mortgaged u~d no fwbeannce on the pan of ths MORTGAGEE or iri wocessors
w ~ugns and no extension of the eime fw tfie p~yment ot the debt hereby sscvred given by the MORTGAGEf a in successors or assgn~, sh~11 operat~
?o rekass, tlischar~e. modify cFNngs w affett the origieal li~bility of the lWORTGAGOR hereuy either in wiwle ot in part.
10. It is specificatly agreed that time ia of fhe eaieace of this connact ~nd th~t no waiver of any obligation hereunder a of tM obliyation ~e-
cured heraby shall at any time thereaEter b~ hekt ro b~ ~ yviiver of the te?ms Aertot or of the iratryment istwed herby.
11. In addiYwn to the fwego:ng monthly paymems of princ'pal and interest requi~ed by fhe promiuory note secured hereby, mortgsgot eJVenanb
and agrees to pay to mongagee with e~ch monthly psyment ~n sdditanal sum estimsled by mortyagee to be equal to 1/12 of the annual cost of the fdlow-
ingv '
A-All real property ta:es kvied or assessed against the above desvibed resl estate.
B--Premivms on fi~e and windstorm inswance as heaein requ'ued !o be prried o~ ths imprwements sitwte on the above described p?e~nues.
C-Premiums on svch mortgsge gwnnty inswance as mortgagee ahsll from time to time deem fif to tsrry on the ban secured hercby.
Mw~gagce shall from time to tim!•fwtify-nawtgagor in writing of the amount due e~d paysbk heteunder and such wm shatt thereupon be due and
payable on the due date of the next monthty paymtnf and each suarssive month thereafler vntil mwtgagee shall nofify mortgagor of a change in wch
amount. Such sums shall be applied bjr mortgspee toward the paynsent of real property taxes, insurance prem:ums, and mortgspe gwranty inwqnce
premiums. ~
IN NESS WHEREOf, t said GAGOR Ms herwnfo aet his !»nd snd seal the day snd yeu fint sfwasa
Sei ' r peaent~ of:
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' STATE OF FLGStI~A
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j C~V~~ ~ S 4• a1lx.riQ • . ~ ~_r. _ "1.+'~
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, Sekn me psnonally apprsrsd ,a • ~'2' ; , . ~
~ Vir9inis M. S~111 h;s wife, ro m~ well .-~i ' eK~:,is:b~
E the lndividwb desuibed in uKl wlw ~xecvlad ths forsyoiny iratnrrnsN. and atkrwwled~ed before me ti?st they e~uetvt~•~ijs;~1[~Jtf~.:' .
i ~herein sxpressed. Md tM i~c itt3 M ~all f;', ;
~ wi(a of th~ ssid J0~1=1 D• ~>ill _ ~y~~^ • ~jj~;'-;t.
~ exsn?inst;on by me taken separ~te ~nd aput from her wid Iwsband. ~clcnowkdped b ard befon rr» th~t ahe i ~
exec~~d s+lld~ii 1~t~ -
tsrily and withovl any oompulsion, ca+stra"uH, a
ppteMnsio~`or ftar of ot from het s~id Mnband. _ 4~- ' r
i~ r~ yiY, ~c
WITNE55 my Mnd and offidd s~al thh d~Y of y-' A 9'
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j ' Ndi7Y PfI~~C ~II ~fla fOf f~M _ ~ • _ -.•-s1~` _
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. Retum Ta. My Comn~ssion a: . j~:;' t".,,c;~ -
FII~D Ar~D REC. 0 0
~ fust Fede~.) s,~~ng, a t.oan /lssoaanw, . ~
5T. LUCIE `COUN Y; F~A. - ~ `
of ~n PK~«. ~
i :?f_COttp ~'~P.i='EQ ~ - ' .
r . Fwt Pierca. Flarida . a_~_ y~
~ 184G;~S ~
~ 'S9 OCT 8. .AM~ . Ip ; 31 .
E This lnstrument Prepared By R iCba=d K. Kayts .
Fi~st Federal Savi s d~ Loan Association
~ • ~ of F~ort Piercqr lrlotids ~~C
nQ~£P, i QIZKA
~ 8y CLERK CIEtCU1T ~OURT
aa~K 1$0 Pas~ 978
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