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3. To place and con~inuousiy keep on the bui!din9s rtow or Mrea(tK situste on sa3d land and on ail equipment and parsonaily covered by thit mortg-
ags, witA el) premiums therew~ pa~d +n full, fire insvrancs in ~he usual siandard poticy form, in a sum approved by the MORfGAGEE, and windstorm
insurancs i~ tM usual s~andard pol~cy fam. in • ium approved by the MORTGAGEE, in euch tompany or compan~es as the MQRTGAGEE may
duah and ~tl fira and windstorm insurance policies on aay of said b~ild~ngt, any int~rasl fherein o~ pa» thereof, in ~he a99regate sum aforesaid or
in exceu thereof, shall conlain the usual ~tandard mor~gagce clavse a such oihH clause es the Matgagee may requ~re, ma?ing the loss under sa~d poli~
cies, eath and every, payable to said MORTGAGEE as iti interast may appear, and each and every such pol~cy ihati be promptty ass.gned and detive~ed to
any held by wid MORIGAGFE as furthe? security to said mo~tgays debt and, not leu tha~ ten (10) days in advance of the expirat~on of each policy, to dr j
I~ver to said MORTGAGEE a re~ewal thereof, together with a receipt fw the premium of such renewal; and ~here shall be oo f~re or windsto~m insurance
plated on any of said buildings, any inrereit therein or part thereof, unlesa in the fo~m and w;~h the loss payable as afo~essid; and in the evenl any sum
of money becomei payable unda such poliq or pol¢ies said MORiGAGEE ~hall have the opt~on to recaive and apply the wme o~ accoum oi the indebted-
neu secured hereby or ro permit said MORTGAGORS to tKeive and uae it ot any pa~t thereof for other pu~poses, v~itho~t ~h_~.b,r waivb~g or 1mpa+~•
~ng +~y eqvity, lien or ~;gh~ vnder w by virtue of Shis mo:lgage; and in the event sa~d MORTGAGORS shall for any reason fail to keep the sa~d premises so
insured, pr fail b deliver promplly any of said potides of insurante to said MORTGAGEE, o~ f~il promptly to pay tufly any Fremium therefq or in any
respect fait to perform, discharge, e:ecute, effed, complete, comply wirh and abide by this covenant, or any part hareof, sa~d MORTGAGEE may place and
pay for suth insurance w any part the~cof witFw~t waiving or affecting any option, lien, equ~ty, or right under a by virtue oF this Mortgage, ~~d tht
full amount of each and every such payment shall be immediately dus and payabfe a~d shal! bear interesf from fhe date thereof until paid at the rate ol
n;ne per centum per annum arxl to~ethtr with svch interest shall be secured by the lien of this mortgage.
1. To ptrmit, commit or suffer no waste, impairment or dete~iorotio~ of said properfy or any part thereof.
5. To pay all and singular the costs, charges and expenses, incl~ding a reasonable anwney's fee and costs of abstracts of title, inturred w paid a1
any rime by said MORiGAGfE, because a in ~he event of the tailure on the part of the said MORiGAGOR to duly, pron+ptly and fvUy pe~form, d~xharge,
execute, effed, com tete, com 1 with and ab:de b each and eve~ the sti ulat~ons, a rrements, cond~~ions, and covenants of sa~d '
P P Y Y Y p 9 prom;ssory note and this
mortgage a~y or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whe~her w not there be notice de ~
mand, attempt to collect or suit pendirt9; and the ful) amount of eath and every suck payment shall bear in!eresl f~om the date thereof until paid st the
r~te of nine per centum per 8mium; and ail said costs, charges and expenses inturred or paid, togelher w~th swch interest, shall be setured by the lien of thu
mortyags.
;
6. That (a) in the event of any breach of this Mortgage or default on tl~ part of the MORTGAGOR, w(b) in the event any of sa~d sums of money ' !
herein referred to be not promptly and fully paid withEn thirty (30) days next after the sanx severa!?y become due a~d payable, without demand or notice,
or (c) in the evene each and every the slipulations, sgreements, conditions and coveoants of sa:d promiswry nore and fh~e mo~tgage any or either a?e not ~
~uly, promptly and fully performed, d~scharged, exetuted, eifected, completed, com~lied with and abided 5y, then in e~ther w any such event the s+~d ag
gregate sum mentioned in aaid promissory note the~ remaining unpaid, with inlerest accrued, and atl moneys secured hereby, shalt become due and pay-
abte fortAwirh, or thereafrer, at the option of said MORTGAGEE, as (vl{y and completely as if all of the said sums of money were Originally ttipulated
to be paid on such day, anything i~ sa:d promissory note w in this Mortgage to the contrary notwithstanding; and thereupw~ w tF~ereafter at the option of
sa~d MORTGAGEE, w~thout not~ce or demand, suit at law w in equity, thereforc or thereafrer begu~, may be p+osecuted as if el! mooeys secured hereby
had matured pnor to ds instit~tion.
7. That in the event that at ttx beginning of q at any time pending any suit upon this Mortgage, w to foreclose if, or fo refwm it, or to enforce
paymero of any claims hereunder, said MORTGAGEE shall appty to the Court having jur~sd~c~lon thereof for ~he appo~nrment of a Receiver, tuch Court shall
forthwith appoint a receiver of said mortgagcil procerty all and :ingular, includmg all and sin~ular the income, p~of~ts, iss~es and revenues from whatever
source derived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if s`.ec~fically set forth and desuibed in the granting and
habtndum ctauses hereof, and such Receiver shal! have all Ihe boad and effective funct~ons and powe~s in anywise entrusted by a Court to a Receiver, and
such appointment shalt be made by svch'Court as an admitted equity aod a matter of absolute righl to said MORiGAGEE, and without reference to the
adequacy or inadeqvacy of the value of the property mwtgaged or to the sotvency or ;nsolvency of sa+d RRORTGAGOR or the defendants, and that such
ren~s, profits, income, iuues and revenues shall be applied by such Reteiver according to the lien or equity of said MORTGAGEE and the practice of such
Court,
8. To duly, promptly and fully perform, discharge, execute, effect, complete, compiy with and abide by each and every the stiputations, agreements,
conditions and covenants in sa~d promiuwy nete and this mortgage set fwth.
9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORT(',AGEE, its succeuors and auigns, may, witFq~t ~otice to the MORTGAOR, deal with such successor w successor in interest with reference to this
mortgage ard fhe debt he~eby secured in ihe same manner as with Mortgagor without in any way vitiating or d~uharging the Mortgagora' iiabilify herr
under w upon the debf hereby secured. No sale of the premixs hereby morfgaged and no forbearance on ihe part of the ?ApRTGAGEE w its successors
or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORtGAGEE or its successas oi assigns, aha11 operale
to release, discharge, modi}y change or affect the original liability of Ihe MORTGAGOQ herein, either in whole or in part.
10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obligatfon hereunder or of the obligafan sr
cured hereby shall at any time thereafter be hefd to be a~waiver of tlx terms hereoi or of the instrumenf secured herby.
1 L In add~tion to the forego"ng mon~hty payments of prirtc'pa! and interesl required by tbe prom;ssory no~e secured hereby, mortgagw covenants
and agrees to pay to mortgagee wiih each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to l,/12 of the annual cost of the follow-
ing:
A-AIl real property taxes levied or asseszed against the above described real estate.
B--Premiums on fire and windstqrm insurance as herein requ~red to be carried on the improveme~ts situate on the above d-scribed premises. ;
C-Premiums on s~ch mo~tgage guaranty insuran~e as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby.
Mortgagee shail from time to time notify mortgagor in writing of the amount d~e and payable hereunder and such sum shalt thereupon be d~e and
payable on the due riate of the next monthly payment and each successive month thereaf~e~ u~.til mortgagee shall notify_ mortgagw of a change in such
amount. Such sums sFail be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty insurance
premiums-
IN WlTMF.SS VlHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
Signed, Sealed an delivered in the presence of: }
~ .~t.c/~~/r' " (Se+4
~aq
~~0
~ses4
STATE OF FLORIDA ~ ~
ST . L.i)CIE
couNrr oF
Befwe me personally apptared MdY37 W11SOI1~ a wi.dow ~
to me well known and known to me to be
the ind;riduay described in and wFw executed the fwegoi~g instrument, and acknowledged before me that lF~e~? executed the same for the purposes t
rherein expressed- YAt~fsth~t~c
WI7NE55 my hand and official seal this j~ day of Ma A. D. 19 7O
'f
: _~7 ~~6,~~• Y~h ~i~,~~v
~ . Notary Public in and for the State of flor'da ~t lar~e }
Al~y Commiuan expires: ~
Return to: ' .it:~~rr..r<<,. NpTARY PUSUC, StATE OF iLORIDA AT tAR6E
Fint Federal Savings 6 loan Assoc~atcon , . ~~~~~~y~y COMMISSION EXPIRES SEP7 23. 1973
~ ~ r
Of Fort Plerce. `i~ ' ~ ~ ~ ~ D'~~
Fort Pierce, Florida - ~ ~ ~
~ - ~ ~ ~ FILED AND RECOROEO
- ~ 4 r? ;T. ~.;;C~E ~OUhTY, FL~.
' Q- ^f'. f'.``:'-'!1
This Instrument Prepared By John W. Co~~.itl~ ~~~1,= ~~93253
,
First Federal Savings 8~ loan Association ~
.
of Fort Pierce, F2orida /'i - ! i~ MAY ~ 9~ 3 ~
.
Checked By - c
' t .
~~i)' N: S
0 R ~ ~'_rC::. ~',;s ~LIT COURT !
eooK184 ~A~E~5~
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