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3. To place and continuously keep w+ ~ha bui!d~ngs ~ow a htreafter situa?e on sa~d land ~nd an all equipment and personally covered by thi~ matg-
age, with all premium~ thereo~ paid in futi, fire insurance in ths usual srandard pol~cy torm, in e sum approved by the MOR(GAGEE, and windstorm
insura~ce in Ihe usua! uanda~d policy torm, ie? • sum approved by the MORTGAGEE, in ~u_b tompany or tompanies as the MORTGAGEE may
di~ect; +nd all fire and windstorm insurance policiet on any of said bu~ld~ngs, any interest therein o~ pa~? theieof, in ~he agg~egare sum alwesaid w
in excess thereof, shall tontain the usual standard mor~gagee clause w such othe~ clause as tho Me+~gagee may requ~re, makir.g the loas under sa,d poli-
cies, each and every, payable to said MORTGAGEE as its interest may appear, and eacA and every such poi~cy shalt be promptty ass gned and de~ivered to
eny held by ssid MOR(GAGEE as further secu~ity to taid mortgage debt, and, not less than ten (10) days in adva~xe of the expiration of each pol~cy, to da
liver to taid MORTGAGEE a renewal the~cof, together with a receipt for the premium of such renewal; and there shatl be no f~re or windatorm in~urancs
placed on any of said buildings, any interesf therein w part thereo/, untess in the fo?m a~d w'+th ti~e lou psyable as atoresaid; and in Ihr event any ium
of rtwoey becomes paysble under such polity o~ polKies said MORTGAGEE sha~l have ~he opt~oo Io recaive and apply the same on accounl of the i~idebted-
~ess secured hereby a to permit said MORTGAGORS ro receive an~ use it or any parl ~hereof for o:ixr pu~F~oses, w~uw~t ~h>r~bi wa7~L,~ er ~mpair-
ing any equ~ty, lien or right onder or by vi~tue of this mo:'gage; and in the event sald MORTGAGORS shall (o~ any ~eason fail to keep the sa~d premisrs so
insured, o~ fail to drliver promptly any of said polic~es of insurance to said MORiGAGEE, w fail promptly to pay fu~:y any pre~n~um therefor o~ in any
respect iail to perfwm, d~scharqe, execute, effect, compte!e, comply with a~d abide by this covenan~, or any parf hrreof, aa~d MORTvAGEE may place and
pay fw such insurance or any parf thereof withaut waiving a affecting any option, (ien, equ~ty, or right under or by virtue oF this Mongsge, and the
iull arnouM of each and every such payment shall be immcdiately due and payable and sha~I bea~ interest from rhe dare thereof u~til paid s! the rats of
nine per centum per annum and togelher w;fh such interest shall be secu;ed by the lien of this mortgage.
1, io pe~mil, tommit or suffer no waste, impairment or deterioration of said property w any part thereof.
5. To pay all and singular the costs, tharges and expenses, including a reasonable attorney'i fee and costs of abstrads of title, incu~~ed or pa+d al
any time by uid MORTGAGEE, because w in the event of the failure or~ the part of the said MOR7GAGOR to duly, p~om~~ly and fully perform, d~scharge,
execute, efFect, comptere, comply with and ab;de by each and every the stiputa~ions, agreemems, conditions, and covenaNS o( said prom~ssory note and this
mortgage any o? e~~6er, and sa~d costs, charges and expenses, each and every, shall be immedia~ely due and payabte; whether w not rhere be no~ice dr
mand, attempt to collect or suit pending; a~d the fufl amov~t of each and every such payment shall bea~ interest from the date thereof until paid af tFx
rate oi nine per centum per anuurn; and all said costs, charges and expenses incurred w paid, ~ogether w~th such interest, shall be secured by the lien of this
mwtgage. '
6. That (a) in the event of any breach of this Mortgage w defavlr on the part of the MORTGAGOR~ or (b) in the event any of said svms of money
herein +eferred to be not promptly a~d fully paid wlthin thirty (30) days next afte~ the same severa:ty become due and payable, without dema~d or notice.
or (c) in the event each and every the slipulmions, agreements, conditions and covenants of sa;d promissory nore and th~s r.ro~tgage any or either are not
~uly, promptly and fully performed, d;scharged, executed, effetled, completed, compl~ed with and ab~ded Sy, then in e~~her w any such event the said ag
gregate su:n mentioned in said promisswy note then remnining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay-
able forthwith, or thereafter, at fF~e option of said MORTGAGEE, as fu!!y and completely as ii atl of the said sums of mo~ey were wiginally stipvlnted
to be paid o~ such day, anything in sa:d promissory note w in this Mortgage to the contrary notwithstanding; and thereupon w thereaiter at the opt+on of
said MORTGAGEE, witFwut notice a~ dema~uf, suit at law or in equity, therefore or thereafter begun, may be prosecuted es if al! moneys secured hereby
had matured pnor to ets inst~lufion.
7. That in the event ~hat at the beginn7ng of or at any time pending any suit upon this Mortgage, or to foreclosr it, or to reform it, or to enforce
payment of any tlaims he~eunder, said MORTGAGEE shall spply to the Court having jurisd~ction thereot for the appointmenf of a Receiver, such Court sball
torthwith appoint a receive~ of sa+d moatgaged pronerty al{ and singular, inclvd~ng all and sing~lar the income, p~oi~fs, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~(ical~y set for~h and described in the granting and
habendvm tlauses hereof, and such Receiver shatl have all rhe broad and effective funcr~ons and powe~s in anywise entrusted by a Cour1 to a Receiver, and
s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute ~ight to said MORTGAGEE, and w~~hout reference to the
adequacy w inadequacy of the va~ue of the p?operty mwtgaged or to the wtve~cy or insoiventy o( said MORTGAGOA or ihe detendants, and !ha? such
rents, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE an~ the practice of such
Court.
8_ To duly, promptly and fully perform, discharge, execute, effect, complete, comply with a~d abide by each and every the sripulations, agreementt,
conditions and covenanrs in sa~d promissay nore ar~d th;s mortgage set forlh_ ~
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 ;
MORTGAGEE, its successors and assigns, may, without ~otice to the MORTGAOR, deal with such suctessor w succeasor in interest with reference to this ;
mortgage and fhe debt hereby stcured in fhe same manne: as with Nbrtgagor withoui in any way vitiatireg or discha~ging the IAortgagors' liabitity here- ~
under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the parl of the MORTGAGEE w its sutcessors -
or assigns and no extension of the time for the paymem of the debt hereby secured given by the MORTGAGf~ o~ 71s successo~s or auigns, afiall operata
to ielease, d;scharge, modify change or affect the wiginal liability of the MORiGAGOR hesein, eittxr in whole or in part. ~
10. It is specifically agreed that time is of the essence of this contract and thaf no waiver of any obligation hereunder or of the obligation se- '
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add~tioa to the faeg~iing monlAly payments of princ"pat and interest required by the p~omissory no~e srcured hereby, mortgagor covenanfs
and agrees to pay to mo: tgagee with each monthly pay.ne~t an a 1d~~ional sum estimated by mwtgagee to be eq~al to 1/ 12 of the annual cost of the follow-
in9:
A-All real property taxes levied or assessed agai~st the above desaibed reat estate.
B-Prerc,~ums on iire and windstorm insurar.ce as herein requ;red to be carried on the improvemeits situate on the above described premises_ ~
C-Premiums on such mortgage guaranty insorar:ce as mortgagee shail from t~me to time deem fit to tarry on the loan secured hereby. ~
Mortgagee shall from time to t~m.e notify mwtgagor in writing of the amount due and payable he~eunder and such sum shaff thereupon be due and ~
Fayable o~ the due date of the next monthly payment and each svccessive month the~eaftcr ur,lil mortgagee shall notify mortgagw of a change in such ~
amount. Such sums sha~l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ;
p~emiums.
IN tNtTNE55 NHEREOF, fhe said MORTGAGOR has hereunto his hand and seal the day and year first aforesaid. ?
s~~d, sea~ed a~a des„N - r~ or_ ~~~ED A~~D RECORDE Q
r ST, ~UCIE COUNTY, F~~~--~"~ 1~ ~ r~.aq
/ t; f.f')~ ~~Y-~.~~` ~ • sn .
~V3YT)~) ~ ~ ~s'J ($ean
' ' 8 /~ea4
0 ~1:;Y ~ 9 • 3 7 ~
STATE OF FLORIDA ~ ~
couMrr oF ST . L[7C I E u• •
~n•:::?<
8efore me persorwlly appeared Cl~~i( ~~~5 ~
and
IA15 F. Hudson his wife, to me well known and known to me to be
the individusls described in and who executed the foregoing instrume~t, and ackrwwledged before me that they exetuted the same for the purposes
?herein e~pressed. And the said I.O].S F• ~IuC3SOIt
wife of the said Clinton R. Hudson vpon a separafe and private
examination by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrumem frpely and volvo-
tarily and withoul any compulseoa, constraint, apprehension, or fear of w from her said husband.
WITNESS my hand and officiel seal this day of ~Y q, p, 19 7O
~7cc, C .L(iln /-~=`~i . ~ ~ i
IYotary Public in and ~or the State of Fbrida at Large
~t M~ Commiss'ron expires:
Return To: `,~~~E~tl~tcfier~~
Fint Fedenl Savings ~ loan Auociation ~~r PUBUC, STATE OF F~pRIDA AT IJ1R6E
. - ~ ~.,C_1MMtSS10N EXPIRES SEPT. ?3, 1g73
OF Fort P~erce. ~'~~m f~ w.
• •
Fort Pierce, Flo~ida ~ C ~~r~~y~• v~'.~~'
a . .
Qs ~ :
' ~ ~ `Y~` t • , a-~
~ • ~.J • l
This lnstrument Prepared By J. D. Cha$~~ =
• C~ : i
~ v _ : t~ _ ~
First Federal Savings 8~ Loan Association ~
, ? . . .
of Fort Pierce , Florida - `~~;1
1~---- ~~'`''~~~:~~~~t•,••:;,
Checked Sy
sooK ~.84
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