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3. To plac~ and continuou~ly ke~p on tFw b~ildinai now or M~~ahtt utwt~ on sa~d Iand and on aU eqvipm~m and ~rsor?alty covrred by thit mort~
y~, with ~tl premiwns thereon pa~d in tvll, fire insu~anct in the viwl standud pol;cy fwm, io a sum ~pprov~d by the MORiGAGEE, a~+d winciitwm
inw~uxe in tM ~rswl i~and~.d po1Ky fam, in a sum ~pprov~d by ~h~ MORTGAGEE, in wch tompu+y o~ compan4es u MORTGAGEE n+ay
dir~ct= a~w! ~U iir~ and w'u~dito~m insuranc~ polici~t on any of tsid build~ny~. ~ny i~Mr~st th~rein a pa?t the~eof. in tM ap~rey~q ium a(a~said or
in ~.scess therwf, shall :ontain ~M usval standard mor~ysya~ d+~w a such aMr ciwse a tM hlatyaya~ may requir~. ma?inp the bss ~~d~r saw! pd4
cies. each ~nd evNy. p~Yabk w iaid MORTGAGEE a its interpt may ~ppa~r. and each ~nd ~very tuch poi~q sMll b~ promptly ass.yned a~ul d~liv~red ro
+ny held by said MORTGAGEf a~ Iwther ucvaity to said mcutpsp~ debt, snd, not leu than t~ (t0) days in advanc~ of tM ~xpi~~tion of exh policy, to de-
liver ro said MORTGAGEE a renewal tF~eot, top~~iwr wi~h a ncsipt fw the p~miwn of svch renswal; and ~her~ shall be ew fir~ a wind~to~m inwr~nc~ 3
plac~d on any of said buildingt. any inter~~t tlwr~io ot part fhar~of, unkss ln tlit form and wifh tM bss payabl~ ~s afor~qid; and i~ tM ~wM any sum
of mw~sy becom~s psyable wwler such policy or polic'as iaid N?~RTGAGEE shall hsw th~ op~ion to receire snd apply tha ssme on account of ~M indsbted
ness secv~ed ha~y a to permit said MORTGAGORS to receiw ~nd us~ it p any part tlxreof fw ott~~ purposes, wi~hout thereb~ waivi~~q or lmpair-
irq anY pvity~ lie~ or .;Ql,t ur~d~v a by virtw of this morl~ap~: u~d i~ the tve~+t ~a~d MORTGAGORS shall f« sey rcawn iail to keep the saioi pr~mises so
insured, or fail b deliver promptly ~nr of seid policies o! inaur~ncs to said MORTGAGEE, ar fail promptly to pay futly a~y prcmium the~efw p in anr
rospett f~il fp ptrfwm, d~xharye, ~xecute, ~Hect, comptero, comply whh a~d abid~ by this tov~nant, w my paH hereof, said MORTGAGEE m~y plac~ ~~d ~
pay fo~ such iowranc~ or any paN thereof without waivinp or ~ff~ctinp ar~y option, li~n, epu;ty, w riyht unda a by virtw of this Maty~p~, ~nd tM
full amouM of eech ~~d ev~ry such paymei?t shall b~ inwnediately dw a~d payabta ~nd ahall bear iMerest f~om tM date thtreof vnti! paid af the raM of
r.;r~a p~r c~ntum p~r aanum and ?ogether with wch interest ~I+~II bs securod by tM lien of this mat~spe. 1
To pKmit, comnut w wifa no wut~, imp~irmrot or det~i,owtan of said p.opsrty or ~ny p~rt thereof.
S. To p~y all ~nd ~ing~l~r ths cosq, charp~s ~nd expense~, i~xlvd'ug a rea~w~able ananey's fe~ and miri of ab~tracts of title, incuned or paid ~t
any time by ssid MORTGAGfE, because a i~ tM evs~t of ths faikrre on the part o~ ~he s~id MORiGAGpR ro duty, promptly and f~lly perfw~, dyths?qR
~xecut~. ~ffect, cornpkt~, comply with and ab~d. by ~ach ard every the stipulst~ons, ~greeme~ts, conditions. and covenants of said promissory note and ~his 1
mo~tga~e any a either, and said costs, charyes ~nd ~xpenses, each u+d every. shsll be immediately d~s and payabfo: wixther or not ther~ b~ no~;ce da E
mind, attempt ro cottect or wit p~ndi~gr and tM fv!! arrwunf of cach and every wch paymem shall bea. intereit f~om ~he date thereof unnl p~id at H+e t
rate of nir~e per centum per uu~um; and ~II said costs, char9es a~d expa~xs intvrrad o? paid. together w~th sucl~ i~terost, sMll be s~cured by the lieo oi thif
~'°?t~+p~' j
6. TI?at (a) in the event of any breach of this Mwpa~~ or default on tM part of the AhOR?GAGpR, w{b) in 1he eve+?t ~ny of sa~d wms of mw~sy ~
hrreb? referred to be not promptly and fully paid within th;rty (3p) daya next after 1he same sevetaily become dw and pay~bls, wi~hout den?snd p notict,
or (d in ths evcnt each snd ~very 1he stipulations, agree~b. caxlitior+a arn! coven~nes oi sa~d promiuory ~ote aod M~s mortpap~ any a either are nol
~uly. promptly and fu11Y perfonn~d, d~sch+rped. execured, ~ffected, completed. compl~ed with u~d ab~ded by. 1hN? in e~ther or aoy such ewm the ~id ap~
gregate sum mentaned i~ said prpmiuory npte then remaini!y unpaid. with interest atuued, and all mo~eys secured Ixreby, sFyll beconw du~ and piy~
sbie fwthwith, a thereafter, ~t the oprion of said l1AORiGAGEE, as f~!!y and completely u if all of ~he said sums of ma~ey vrere wpin~lly atipulated
to be paid on svth day. anythiny in sa3d p~omiuory ~ote w(n this Mortyaga so the contrary notwithst~nding; and there~pon or thc?eafter at th~ oplion of
sa~d MORTGAGEE, withuut notice a demand, wit at law or in eqviy. there(we or thereafir? beyu~, may be prosecuted ai if a!I moneps s~c~red hereby
had matured prior to in irotitution.
7. That in the event that ~t the beginniny of or at ~ny tims pe~di~g a~y wit ~po~ this Mort9sge. a to faeclos~ A, or to reform it, w to anforp
paymtent of any tleims hc?eunder, said MpRTGAGEE shall apply ro the Coun haviog jv~isdiction tFereo( fw the ~ppointment of • Receiver. wch Court ~aN
foathwish appant a rcceire~ of said ~r.ortyaged property al) ~~d singul~r, includ~ng all and sinpulu the irtcome, prcfits, issues and revenues irom what~ver
source derived, each and every of wFi~ch, it be~np e~pressly unden~ood, is I,ercby mor~gaged as if speufically set fwth snd descri6ed in ~he pr~m;ny and
habendum clsvses hereoi, ~nd such Reeeiver shall Mve all the broad and effective fvncf.oro and powers in anywise entrusted by • Court to a Recriwr, ared
wch appointmeN shall be mad~ by wch Covrt as sn admined eqvity a~d a maiter of absotute ?igh~ to said MpRTGAGEE, and wirhout reference ro ths
adequacy a inadeqvacy of the v~lue of the property mort9aqed or to the wtvency or insolrency of said NtpRiGAGOR or the deFendann: a~d that such
renfs, p?ofin, income, iss~es and revenves sF»II be applied by svch Receivu accwdinQ to the lien or equity of said NlORTGAGEE and the practiu of s~ch •
Court,
8. To d~ly, promptly and fully pe?form, d'acharye, execufe, effeet, compkte. comply with ~nd ~bide by each ~nd every fhe stip~lations, a~reernents,
conditiwu and ~orensnrs ]n sa/d prom;sswy nete ar?d this mortqage set fath.
9. TMt in the evem the ownenhip of tF?e mortg~ed premises. or any part tF+ereot, becnn?es vested in • person other thsn the N1pRTGAGpR tl+~
MORTGAGEE, iri successors and assiqin, rray, withoW notice to the MpRTGAOR, deal with sucA successw w successw in intrrest with refer~nte tp this
mo.igage snd rhe deb~ hereby secured in ths ~ame manntr u with Matgagor without tn any way vit~a~in9 w d~scharginp ~he Mwr9agors• tiab;lity herr
under p upw~ the debt hereby secured. No sale of the premises hereby mo?tya9ed ar+d ~o fwbeara~ce on the part of the MORTGAGEE or ih sutcesson
or auig~a and no extension of the time fw tip payment of tha debt hereby secured yive~ by the MORTGAGEE ar its sucussson p assiQrq iha~~ o~w~t+
to retease, discharge, modify chanye or affect the aiginal lia~ility of the MORTGAGOR Fkre'm, either in wFwl~ or In put.
10. It h specifically agreed tha? time ia of the esse~ce of this cont~xt ~~d that no waiver of any obligation hereunder ar of ths pWiy~tion ia- 4
cvred hereb~ sha11 at any time thereafte? be held to be a waiver of ths terms• hareof a of the instrvment secured herby,
11. In addiuon ro the fwego:~g monthly payments of print pal end interesr required by the p?om;ssory nore seturtd hereby, mafpagp~ ~pyensnK
and sgrees to pay to mortgagee with euh monthly payment an additionsl wm estimsted by mwtgagea to be ~qual 10 1/12 of tfie annual cost of the follow-
ing: .
A-All real property taxes kvied or auessed against the abore destribed r~at estate.
B-Premiums on fire and wi~dsrorm insurance as herein reqv:red to be urried on the improveme~ta situate on the above drsaibed premi~es,
C-Premiums on svch mort~age guaranty insurance as mortgagee shall from time to time deem fit to urry on the loan secured hereby.
Murtgagee shatl from time ro time notify mortgagcx ;n writ~ng of ihe amount due a~d paysble hereunder and such sum shaq thrreupon be d~e ~rd
payable on the dve date of the next montl~ly payment and each svccessive month thereatter until mortgagee shal! notifY mo?tgag+pr of s th~nQe in wth
amount. Such sums sF.ait be applied by mortgagee towird the payment of real property tsxes, inwrance prem:ums, and mortg~ge 9uaranly ~nswan~e
premiwns. •
iN WITNESS WHfRfOF. the said MpRTGAGOR h+s hereunto set his hand and seal the day and ye~r fint ~foresaid.
Signed, Seakd ar+d delivered in tM presente of: ~~f~'
• • (5~a~
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ATE OF FLORIDA ~
cour~m oF LuciQ
estw• n,. ~enoe,lly,ppe,.ed Geraldine Sfas, A W{~Qlr
a~
1+ir+Mii~erto ms well known snd known to ms fo b~
rhe individwl~ described in and who axecuted ths fore9o;ny instrument, and ~clcnow~edped btfor~ n,e tMt Mwr• e:ecuted t!» sa~n~ for th~ p~rrposes
thereiet eapressed. ~Iw~Nw~~d tl~
wif~~i ~~wii vWi? ~ M'aaMhM~ yd1{~b•
uc~r~iwNiow.by+n~.Nk,r~.~t~wa~e•a~i ~twl.frNw ~r.~ii iKia~{.~k~ow~~aias~nr.Nf~ ~ne ~wslN+~wawtai ~aid.
t~.:ly..nr~,M:d~e.~• ~n~r~c«w~w4i«~ ~ows~»iwlr ~~e~io~-o. ~w ~i-«liww ~..+.ii i~wb.wdr ;
j ~ i~'•!!~!ti'','-~i'"'~i?~ `
WITNESS my h~nd and official seal thi: ~G ~ y ~Ct~QY •
dl~ of ' ~ • ~ A. ~d: ~f
~
, f~ y . .
• Fi L d~» sa+: ~ot a ~ .
aew.r+ r~: . T. Ll1 ~ ~lERfi~!~ .r-Z~=-~- '
first f.de.d savi~s a 4oan As.«i~ria, ~ • / . . . ~ . , / . < _ . : -
Of fort P~eue_ ~ 184~1VJ ~ ' ~ ' ~
fort Pierce. Florida . f ' ? PM ~ • 53 - . 1i:
69 OC1
_
This Instrument Prepared By Jpbp w~ Collins ' O~TF:.S ~
~irst Federal Snvi~gs b loan Association CLERK CiRCU1T 4o~RT
• of Fort Pierce, F'lorida
Checked BY~, .6~.
a~ ~~5~4
~f
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