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3. To p~acs and co~?inuousiy keep on the bvi'o~ngs now w he:eafrer s~tuate on sa~d ~and and o~ ali eq:,~p~~ent and peraonaily covered by lhis mo+~g- ;
ege, with all pren•~iums Ihereon pa•d m full, tee insurance in the usual ite~xl~rd po'~Cy form, in a s~~~~+ ~y.Nro~ad by thr hIUR~GAGEE, and w~ndstorm ;
ins~rante in the usual ttan~ard po~.cy form, in a s~m approved by d+e MQRIGAGEE, in such canpany or co~npan~es as ~he Ati021GAtiEE may ;
direcl; and all iirs and w~nd~torm insurance poGcies on any oi •aid iw~~d.ngs, any inrerrst thc+ei~z o~ pa.l th~reo~. in ~he agg~cgate sum afo~esa~d w 3
in excess thereof, shall co~rain rhe uswl sta~~dard matga9ee ciause a such o~hr~ c(.+~se as ~he 610rtgd~ee may req~~~e, making ihu ioss u~~der s.++d poti-
c~es, each and every, payab!e to sa~d htpRiGAGEE as ~ts inre~est may appear, and each ar.d e~ory such po~~cy s~~.~Il be promp~ly a~s g~~rd a+~d de~~vered ~o '
•ny held by sa~d MORiGAGEE a~ fu~thrr sewr~iy ro sald rnaigayr deb~, and, rot Irss than ie~, (101 dirs ~n ad.as,ce oi rhe expuauon of each poi~cy, to da 't
Irve~ to said MORiGA(~iEE a re~xwal thereof, togethe~ with a rcctip! fM the prornium ol suth ~enew~~!: a~~d thrre shafl ba no fae or w~~~dstorm inwrante
placed on any of sa~d build~ngs, any interest Ihe~Nn w part thereo(, u~~~ss in ~he lor~n a:~d w~th ~he lois pe~abte as aloresa~J; and in the evenl any sum }
of nwney btcpne~ payable ui~der such pol?ty or po~~ues s.~id MORTGAGEE ahall have ~hu op!~on lo iece~ve o~~d appiy 1he sa~ne on accov.it ol the i~~dabted• ~
neas 3KU~ed hCreby w to permi? aaid MORTGAGORS Ro rccrive and use il or any {~.~~t th_•:.•01 i~~ otn~_r F.~~~ ;,srs. ...tF.~..t th_~~u: .r.:~.~') c~ ~~~~p..u-
~ng any equity, li~n w right under w by virWe of ~his mo:tgage; and in the event sa d h10ZTGAGORS sha~l fo~ any reason Fail to kecp ~he sa~d premiies so
Insured. w iail to deliver pranpfly any of said poi~cies of insurance 1o sa.d A10RiG~1GEE, or fa~: p:Omp!ay to pay fu:~y any pre~+~~um therofor o~ in a~y
respect lail to perfwm, d~scharye, exec~te, effect, ca~~plere, canply wirh and ab~de by th~s cove~»nt, or a:iy p~rt ha~eof, sa~d MORiGAGEE may place a~~d
pey !or such insuraoce or any par~ thereof w~thout waiving w alfea~~r~ any opt~on, lien, equ~~y, or n~M unde~ o~ by virtue of this Mor;gage, and the
fu!I anwunt of each and e~ery such paynunt ~hall be immed~stely due a~d payable and shs11 baar inte~est from tha date the~eof un~il paid at the ro?e of
n;ne per tentum pe~ annu~n and to~ethcr w~th such inferest sha~i lx sY~red by the i~en oi th~s mortgage.
1. To petmit, tommit or suffer no waste, impairment w deteriorano~ of sa~d property w any pa~t thr~eof.
5. To pay all and singular the costs, charges and expenses, ind~d~ng a reasonabte attorney's fee an~i costs oF abstrads of tiNe, incurred or pa:d at ~
eny time by uid MORTGA~i:E, betause or in the evMt oi the faiiure o0 1he part of the seid MORIGAGOR to duty, pranptly and f~lfy perform, tJiftharge,
eaecute, e~{ed, corteptete, canply wnh and ab;de by tach and every the st~p~!at~ons, ayrc
~~•~~~nts, cond~t~ons, and tovena~~ts of sa~d prom~;sory note and th~f '
mortgage any or e~~he~, and sa:d costs, charges and ezpenses, each and eve.y, shall t~ in,~,+rd~atefy dur and payable; whe~hrr w not there br nonce da
mand, atlempt to coliect or wit pend:~g; and the ful! amount of tach and every such pa.menl shall bea+ mt^rest }rom Iht date thereof until paid at tht
.,re oi n~ne pe~ cenwm p~:r ann~rn; anC all sa~d coats, charges and ex~enses +ncurrrd or pa~d, royeti~er .v~th such ~me~ret, shall ba secured by the I~en of th~~
mwl9eye.
6. Thal (a) in the eve~t of aoy breach of this Mwtgage o~ defautt on tha part oi the A{.O~TGAGOR, or ~b) in the event any of sa:d sums of money
he+e~n referred to be no~ promptly and fully pa~d within ~h~rty (301 days ~e,: ait~r t!,e sa~ne se.era;ly beco~ne due and payebfe, witi:o~~ demar.d or notice,
or (c) in the eveN rach and every the stipulations, agreements, cond~tions and covenants of sa.d p:om+swry no~e and th~s rrwrtgage arty or either are nol
iu!y, promptly and fully performed, d~scharged, eaecured, effected. compieted, compfed w~th and ab~ded ~y, then in e~ther or any such event the faid ag
~regate sum memioned in said promiaswy note tnen remain~ng unpmd, wi~h fntere>> ac:wed, and a,i moncys secured hereby, shatl bccome due and pay-
3b'e fwthwith, cr thereaffer, at t!ie optio~ of said MORTGAGEE, as fui~y end completety as if all of nc~ sa~d sums of money wcre or~ginslly stipulated
ro be pa~d on such day, aoything in sid pro+n~ssory note w in this Mortgagr to ~he conrrary not.~i~hstand~~~g; and rhercupon or therealter st ~he op~~on of
:~!d MORTGAG~E, w~~hout nouce or demend, su~t at law or in equ~tY, thcrefore or thereafrer F.~:yun, may be prosecuted as if all monnys secured hereby
hsd mafured p~~or to ~ts instit~hon.
7. That in the event that at the beg~nning of w at any time pe~d~ng any su~t upors this Mo~~gage, or to fo~eclose it, or to reform it, or to enforce
payment of any ciaims herevi~der, said MORTGaGEE shatl appty to the Co~rt having jw~sd.~:~en th~•:aof ior the appo~~vmeM of e Receiver, wch Court shall
Fcrthwith appo~m a rece~wer of sa~d mortgagrd prooerty al~ and singuler, inctud ng aiI and a~n jular ti~e inco:nr, prof~ts, issues and revenves irom whatever
sevrce derived. ea:h and every of wh~ch, it be~ng expresaly undersrood, is hereby mortgaged as tf spec~fical:y set fo~rh a~d described in the grant~ng and
habendvm dauses hereof, and such Receiver shalt have al! the b~oad and effecra~e func~•o:~s and po.~ers in anyw~se entruated by a Cou.t to a Recniver, and
s~ch appointment sha11 be made by such Court as an ad;nifted equity and a.ratter of abso:ute ~ight to said MORTGAGEE, a~d without re.`erence Io the
ac!eq~aq or inadeq~acy of the value of the p~operty mwtgaged or to the so,vency or msc~vency of said MORTGAGOR or the defendants, ar.d that suth
re~rs, profrta, inco~nt, issues and reven~es shail be appfied by such Recr~ver accord:ng to the lien or equity ot said MORiGAGEE and the pracfice of such
CouA.
8. To duly, promptly and fully perform, discF.arge, execute, effect, complete, co~~ply w~th and abide by each and every the stipulatio~s, agreements, ~
conditans and covenants ~n :s~d Ftomissory note and this mortgage set forih.
0. That in the e.^nt the ownenhip oi the mortgaged premnes, or ~ny part tnerzof, 6ecomes vested in a person other than the MORTGAGOR, the
!:.ORTGAGfE, ifs s~ccessors and ass:gns, may, witho~t notice fo the NORiGAOR, dea! w~th svch successw w successor in interest with refe~e~ce to thes
nro~tgage and rhe drb+ hereby se:ured in the same mannzr as w~th /.Sorrgago. w;tho~t in any way vit:ating or d~scharging the Mortgegori liabiiity here-
~~der or uFwn the drbt hc~eb: aec~red. No sale of the Fremises hereby mortgaged ar.d no forbearo~ce on the part oi the MORiGAGEE w its wccessors
or asslgns and no ex~e~s:o~ ot the t~me iw the payment of the debt h~rcby iec~red gFian by the MORTGAGEf or its s~ccessws w au~gns, shall operete
re release, d~scharge, mod,fy change or affect the urigma! liakri~ry of tne l~~ORTGAGAR here~n, either in whule or in part.
I0. It is spec:ficaliy agreed ?hat ti~ne is of the e~sence of tl~~s contract and that no waiver of any ob~~gaf~o~ hereunder or of the oblgation sr
c:;red hereby shaf~ at any time thereafter tr_ !~e!d to be a warver of the te:ms hereof w of th~ instrumem secured herby.
11. In aod:r;o~ fo fhe fore~o n~ ..,cnth!y p~ym~~nts of princ pal and in!rresr req~~red b~~ ~he pron, ssery no!e securrd hereby, mortgagor eovenants
a~~d agreea to pay to mo-:gagee v~~th each mc,rtth'y payr:,ent an add.iional svm ezc::, ateJ b~ mo+ty3gee to be equai to 1 12 of ~~e annuat cost of the foliow-
ny:
A-A!f rea~ property taaes le•ned o~ assessed agai•~st rhe above dezc+~bed rea! estate.
B-Pr~m:u~ns on f~re and w~ndstorm ~nsvrance as here~~ requ~red fo be can~~d cn the [mp~overnenrs s~tuate on the above d_scrfbed prem~ses.
C-Pre:niu~r.s o~ su:h mortgage g~aranty ]rsu~ar:ce as mortgagee shatl ireT r~e To +.~ne dre~ fit to carry on the loan secured hereby.
Mwtgagee s^a!I frcm t~ ^e to t~me r.orif~r mortgagor fn wntmg of the ama.~t due and payable hereundar and such sum shall thereuport be due and
: ayable on the d~e oale of the next montF.:y payment and eath Successive r*or.!h thrreaitcr ur,til mortgagee shail not:fy mortgagor of a thange in such ;
~ _~~ount. Such su~ns s1~~ !>e app,ied by mortgagee toward the peyment of real property taxes, insurance prem.ums, a~id rtgage g~aranty insurance j
' ~ ~emiums.
[ IN \YITNE.S~ L•JHEP~O~, rne sa~d MORTGAGOR has hereunto set his hand and seai the day and fir't~
Afwesa' .
s Signed~~ea d and deGversd in the presence of: ~j' ~
~ j1 ~ ~ SesO
F _ . upu ts~aq ~
f~ .f , ~
g - • ~~:~Li_ ~a...~..•-~- (Seal)
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~ i~i~~:r ; ~io
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~ a•. ~ ~~i~ ^ t ? ~ u
~,11I.C~
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~~i ~y sppisrcd .10hfl R . LIIPu _ end
~ ~a C. Lu u
~ his wife, to me well known and known to me to bt
~ tfiE ' _ ~p ~nd who executed the foregoing instrument, and acknowtedged before me that they executed the same fw the purposes
~ ,~~`~~~~;t~~:;a;d _Virqinia C. Lu_pu i
~ ,,,;Ie~~~~~~a~.' ~ ~ hn R, l,upu - upo~ • separate snd privstt ~
; e,anfio "mC~ `Qp~separate and apart irom her sa~d husband, atknowledged to and before me that she executed_ sa+d instrumem freety and votuo- ;
~ tanty ii~~t\~~ tog+puls:on, constraint, apprehens~on, or fear of or from her said husband.
WITNESS.m~( harRl and offic;al seal this_ dey of Mdt A. D. 19~_
~ • - - ~=s~L- j-~?`1 ~ _
No~ary PubGo in a~d fo~ the Srate of F~i![ at Large
; My Comm~sswn expires: Q}~10
~ Return To: ~
s'i First Federal Savingf 3 loan Associat:on
Of fort ? rrce. . , -
Fon P~rrce, ftw:da +"1'
r
. . . . ri ~d0885s ~
~j lED AMD RECQR ~
_ This Instrument Prepare~ By Richa rd K. Kayes =T• lUC1E C04NTY ~
First Federal Savings 8 Loan Association ROCER PQ~jqAi ~
~J of Fort Pierce CIERK CIRCUIT COURt
RECORD YERIiI[0~`
~
Checked By ~ _
~ M~t 30 I ~2 PM'tI
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