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3. Te plaq ~ed tonlin~0usly ?Np on tM bvifdw+pa eow o~ I~a1Ne ~i1wN on ~aid land ~~d on ~11 ~quipmee~t M+d palon~tlr tovK~d b~ M~is rna~ ~
p~, wi~A ~M pr~mivms the~ea~ p~id iA fVII~ ~H~ jlLfYfK.t~ in tht uswl s~srdud polit~r fpen, !n • ium a~oKtd by ~h~ MORIGAGEE, and w~~wrn !
iruwu+c~ in dw wwl a~nda.d po~ar ~wrn, fe • swn ~PDrowd by ~h~ MORTGAGEf. h wch company o. co~npanMS a ~M AFORTG~?(iEE nwy ,
d~t ~nd ~11 tin «?d w~eKhw.~n +.awMw polki~a on ~ny OI 1~W bt11W~f1~~ Mly G11NNf tlfHfN1 W PMi ftiNlOf, in ~Fr app.eya?~ wm ~1a~saW w
h+ ~:eea Mr.~of. sha11 eone~in ~h~ ,qw1 s~r+d«d ~nap+pN clw~ a wch wl~p clws~ a tM Marpaq~ m~y rpuu~. m~?~nq ~h~ 1ou u~ N~d poli~
t»s. ~~cA and ~w~y. WYab4 1o wid MORiGAC3EE a itf ineKpl nNy ~pp~ar. and sacF~ and ~w*y tucA policy shall b~ pompfly qa'p~ed M+d d~Iivtnd M
a~y Mld by uid MORfGAGEE as (u~thN ~ecuriry ro~id morpaQ~ d~W. anrl, nol Nss th~n ~an (1~ days in adv~.~e of tM ~xp~ration of ~~ch poHcy. 1o d?
IivK b ~aid MORTGAGEE ~ ~enewal Ii~~of, ~optthN wi~h • nc~ipt lor t!K prNnitnn o( such rs~ewal; and ~F~~ sh~Il At no f~~~ w w+~xlatam insw~~c~
placMd ae any o! wid buiWinps, a~y i~tHas1 tMre+n or pa~t tFww/, unleu in the 1wm and wi~h tM loas p~ysblt ~s ~fwes~id: and in N» •wM ~ny swn
of eew~y beco~rw pay~ble ~x,dn wth polky a polici~s uid MORTGAGEE ~hall I+~w th. oprwe ro~ece~ve •r+d apply the wne oa xcow+f ot th~ a~d~b~ed~
nau s.ew.d M..b~r a b paM~t uid MORTGI?GORS ro noeiw ~nd u~ i~ w~+y put ~hereot tw o~hnr ~u,r~es, w,~hou~ ~herfo~ wai~~~+~ a,mpair-
inp anY•pwty. fi~ w riqh~ unde. a by virtw of thi~ mortpp~! and in tM ~wet ~a~d MORTG~?GORS sMtl tw any fNiql IaI~ 10 kN~1 1M NIfI ~M11!!1 10
inw~~d, or fdl b dNivtr promp~ly ~ny of said policitt oi inswantf to said MQRTGAGEE. w fail promptly to pay 1ully any prNnium ~her~fa w in ~nY
r~sp~et fail b p~.fam, d~uMrye, eaecut~. ~tf~ct, compl~t~. compiy witt~ w+d ~bid~ by rhis coven~nr, or ~ny pir~ M.eoi, uid MpRTGAGEE m~r placr ~~d
ar ta wd~ In~wane~ or w?y part ti?~reof wi~houl w~lvinp or aff~etiep aey option, Il~n, pwtY: w r~pM vnd~~ a by virtw of ~Ms Matpap~. and ~he
fvtl a~rwvot of ~ach snd wery such payment sh~ll b~ imrn~dwtrly dw a~d py~bl~ u~d sluu b~a. interes~ (rom ~M da~~ thereof un~il paid ~t ~ht ru~ of
n~ne per cu~tum p~r annum and toqethe~ with wch inter+r~t thall b~ aecwed by iM li~n of this mwtp~ye.
io p~rmit, canrrut a wlfer no wu~~. knpairment a detKiow~ion ot uid propKty or a+y put thereaf. _
S. To piy ~11 ~nd sinqul~r tM costa, ctwp~s and e:ptr.ses, includinp a reasonabl~ .nwn.~
a fe. and wsts of abstracts of titte, incur.ed w p~id at
~ny time by said MORTGAGEE. b~cavse w in the ~vent of tM failw~ on th~ part of tl+~ said MORTGAGOR fo duly. Promp~ly a+d tu?ly perform. d~xha~q~
execut~. ~i(ect. complet~. c«nply w~rh ~r+d ab:de by ~~cl+ and ewry the stip~lations, e9reenxnts, conditions, ~nd covsnants oi sa~d prom~?sory note and thiu
mwt9ape any-or e3~har. ~nd u~d cosn, ch~~pes and expee+ses, each ~nd eve~y, shall be immediate~y due and payable; whe~her a na ~here be not~ ds
mand, anempt to colkct a suit pend~nqj and the tuU arno~nt of ~ach snd ~very such paymenl sAal! bes? interei~ }rom ~he da+e ~he~eof ~ntil paid at the
rate o( nine per ccntum per uuwm; and all said costs, tMr~es ~nd e~penses intun~d ot paid, topelher wAh suth interest, ahell b~ setured by It?~ lien of this
morq+p~-
b. That (a) i~ the event of ~ny brexh of this~Mort9ay~ w def~utt on ttn part oi the MORiGACOR, a(b) in the evem any of sa;d sums of mon~y
herei~ ~~fe+red to be reol prpmptiy and f~tly paid within thirty (30) days next after the same sev~ratly became due ~nd payable, wi~hout dema~d a notice.
or 1~ tha event each ~nd every tM stipulations, agrtements, tonditiorts and covenanb of sa~d p.omiuory note snd fh~s mo~~9aye any or either a~~ not
iuly, promptty ~nd fulty pertwmed, d+'scha~yed, exscurod. tffected. comp{~t~d, compl;ed with and abided ~y, then i~ e~ther a any iuch evtm ti» said ag.
qre9ate wm memanid in ;aid promisso?y not~ ther? remaininp unpad. with intere~~ acuued. and afl mo~eys secv~ad hereby, ~MII become du~ and p~y- ~
+ble fwthwith, or theresfter, at the optan of said MORTGAGEE, ss tvlly ~nd complerely as if all of the said wms of mwroy were onyir?~Ily stipul~ted
to be paid on such day, s~ything in said prom~ssory note or in this Mo?tya9e to tM contrary r?otwithstanding; and therevpon or thereaftar a1 th~ option of
said N10RTGAGEE, without nolite w demand, wit ~t law or i~ eq~ity, thaefor~ or thereo(ter begun, may be prosetuted as if ~It mwwyt setured hereby
1wd mittKld plWf f0 if! inftifuteOn.
7. 7hst in the evcnt tMt ~t the begi~ning of or ~f any fEm~ pending ~ny wit vpw~ thq Mo.tgage, or to fweclosa it, w to refam it, a to enforc~
p+~ymenl of any c~a~ms lureu~de~, said MORTGAGEE sMll apply to the Cant •hariny jurisdKtion thereof fw the appo~ntment of a Reteivcr, s~ch Cowt sMll
fwthwiM ~ppoint a receiver of said mort9sged property a!! and sinpulsr, inctud.rg all and sir?gul~r ths income, profas, i»uea and reven~es from what~ve?
sou.ce de~ive~d. each ~nd every of which, it being expressty understood. is hereby mottyaged q if speciikally sef fath ~nd destribed io the yrantinp and
habendwn clauses hereof, and Sl1CI1 RKl1VN shall Mve all the broad ~nd effective lunctw~s and powen in artywite enerv~ted by a Cour! to a Receiver, and
:uch appoinrment shall be made by such Gou~t ~s a~. admitted eqvity and a rn~t~er of absolute rigAt fo said MORTGAGEE, and witl~ouf reference to the ~
edcquacy a inadequacy of the vaiue of the property rtq~t~a9ed or to the aotventy a insolvency of said MORTGAGOR or the defendants, and that such
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renn, profin, 'uxome, iuuet and revenues shall be applied by fYCII RKlivll ~ccwdina to the lie~ or equity o1 wid MORTGAGEE and the practice of such
Court. , ~
8. io duly, promptly and fully perform, diuMrge, execute, effect, complete, comply with and abide by e+ch ~nd every the sY~pulatio~s, agreemenri,
conditions ~nd cove~ants in u~d promissory note and this mortpags ut lath 3
9. Th~t in tAe event the owncrsh;p of the mongaped premises, w any part thereof, bec~ort~es vested in a penon other than the MORTGAGOR, tM !
MORTGAGEE, its successors and augns, may, without no~ice to ths MORTGAOR, deal with such wccessw a successa in interest with reference to this
mori9~ye and tl?e debt hereby secured in tFK sune ma~ner u with Mortgagor withovt in any way vif;ati+g a dixhuying the Morf~aQws' li~bility hera-
under or upon the deb+ hereby secured. No sale o1 the premiscs herel+y mortgaged and no forbea~anct on the pan of the MORTGAGEE w its s~cceswn
a auigna and no ea~ens~on of the time fw ?he peyment oF the debt hereby secured yiven by the MORTGAGEf or its wcussor~ or a~ipns, shail operat~
ro roleue, d~xharge, nwdify thaage a affect !he original Ii~bil~ry of the MORTGAGOR herein, either in whole w in put.
10. h is apec~ficaNy agreed ~hat time is of the exence of this contract and that no waiver of any obt~gation hereurxkr or of the obliyation sa
c~red hereby shall st any time thereaher be held to be a waiver of the tenns hereof w of the instrument secured htrby.
11. In aod~rios+ to the iwego:ng monthly payments of prin~ pal and imerest required by the promissory note secv~ed l~ereby, morfgagor epvenant~
and agree~ to pay ~o mortgagee with exh monthly payment an add~rional sum est~mared by mortgagee to be equal to.l;` 12 of the annus) cost of the follow-
ing:
A-All.real property tazes levied o~ assessed agairnt tF~e abore desc~ibed real estate. -
B-P~em~ums on (ire and windstorm insurarce as here~n requ~red to be carried on the improveme~b situate on the above dascribed premises,
C-Premivms on such mortgage gwranry iruurante as mwtg~gee shalt from time to time deem fit to urry on Ihe ban secured hereby.
JNatgagee shatl from ti~ne to time ~atify mwfgagor in writing of the amount due and pay~ble herevnde? and such sum shall thereupon be tl~e ~nd
payable on the due dare of ?he next monthly payment and each successive month thereafrer urtil mortgagee shall norify mortgagor oF a charye in such
amovnt. Such wms s!:a!I be appi~ed by mwtgaqee tow~rd the payment of real prope?ry taxes, insurance prcm:ums, and mwtgage guaranfy i~suran~e
p~lmlue~s.
IN WITNESS WHFREOf. the said MORiGAGOR hb hereunto iet ttis hand snd seal the day a~d u Tirst a(oresaid. ~
Seated ed in fhe presence of:
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STATE OF FIORIDA ~
COUNTY Of •~it•• LLlC i@
6efore me personally ,~.u~a y• ~-=-°A and Jo Anri Allen, his ~fe ~
i/3 O C. We ave r and Mildre d L. We ave r i~is Nrite, to me well kraw~ ~nd known to me to b~
?he individwb desvibed ;n .nd who exec~ted rM fo?eyoinp ;nstrum~nr. and acknowtedpd b.fore me N»t rhey e:ec~red rhe sartK fw fhe pwposes
?n~.e„, .,,p,e„~a. ,~a ~i,. Jo Ann Allen. wife of the said W~yrte Atien and
I~3ldred L. ~kaver wife ai the said Leo C. Tr.~eaver ~
e,c~mi~ation by me raken sepsnte and apart fran Y1id Fw~bar~adenow~ro s+w1 befw~ m~ that~fexecuted ssid 'uptrw~l~? ~dyplyel.
~ar~ly a~d witF~o~t arhr compu{sion, constraim. +PPrel+ens ~?.~or fe~r of w from pid 1Krsbane~ ',s
~ t ? ~ a~i
WITNESS my hand and official ~eal thit d~y of Sti - ~R ~~~ti'~Q
' :~~7 0/ ' ~
Notary Public in ~nd tw IF~ $1aq ~
~ MY Cwnmiuion ~xpires: c : : _
Raturn To: - S~~ ~~.~..Q'
fint federal Saving~ i loan Associat;w~ ~ ~ ~ ' a~ - ~ ~ _ _~i,..••• '4 ~
C~ '
•~~_.~i~~41
Of Fon P;erca FII,.~D ANp RECORDEO~''~~~~
F~.~ pier~e, Flwids ST. ~UCtE COUNTY. F~A. '
- i?f COR~ ERIFt~p
This Instrument P~epared By J. J. ^hastain 1`~~~ ~
First Federal Savings d. loan Association ~TQ ~G s~ 9' 36 ~
of Fort Pierce ~ ~~id3 ~
P~R
Checked Sy ~ ~OGE~ r OITR~S pa ~
CLERK CIRCUIT COURT
; ~ ~ . EU3K PAGE V~5 ~ .
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