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3. To place and conti~uously keep on the bui:ding~ now or hereafter ~~t~ate on sa~d ~and and on ali eqo~p~nent and pe~so~eliy cove~ed by this matg-
sg~, w~th all p~erniums Ihereon pa,d ~n iult, i~re insurance in tl~e ~s~at sta~xierd po'~cy form, in a s..m aHp~:,vud by the htUR~vAGEE, and w~ndstorm
inw~ante in the usual srandard pot:cy (orm, in a sum approved by iha MORTGAGEE, in such company or cwr.pemes as the MORiGAGEE may
dirlcl; ~nd all fire ar.d winduorm insurante pot~cies on any o( sa~d 5u~~d~~gs, any interest rherrin or part Ihereol, in the aggrrgate tum aforesaid or
in sxcess Ihereoi, shaU contai~ ~he usual s~andard mortg~gee ciause or such oiher dause as the Mo~tyagae may rryu~~e, ma?i~~9 the tou ~nder sa~d pol'r
de~, each and every, payab~e ~o sa~d htORTGAGEE aa rts imaresr may appear, and each and e.. ry such po:~r~ ?~~a11 be promptiy ass g~~ed a~~d de~iverrd ~o
any held by sa~d MORIGAGEE as fur~her secwity ro said mong~ge deor, and, no~ ~ess thao ten (10) di~s in ad+ance o1 ~hz eaN~~ot~on of each poGcy, to da
Gver ro said MOR~G~IGEE a renewat thereol, toyeiher with a rece~pt lor the premwm oi such ~ene.v~~; a~~d ihere shall ba no f,re or w+~~dsto~~n insurance
placed on sny o) sa~d bvild~ngs, any interest therem w part thertof, ~nicss in ~hr fcrm and w~th ~he ioss paya6le as aforesa~d; and in the evenl any sum
of mo~ey becomes payabte unde~ such polEq a poGc~es sa~d MORTGAGEE shall have thr opr~on ~o rrc~~~ve and epF:'y fhr sa~ne on acco~~H o) ~he indebted-
ness secured Ix~eby w ~o perm~t said MORiGAGORS ~o receive and use i~ w a~~y pa~t ~h~•:eof inr o;n• r s..,.: ;;s~s, ...~i,.~,;t ~h_~. w.:~v~ ~3 or ~n,paa-
ing any equ~ty, lien or rigAt under w by virtue of ~hia mo-tgage; and in rhe event sa:d A10r2TGAGORS sha!1 for any r<ason iail to keap the sa~d premises so
insured, or fail to deliver pro~nptty eny of said poLcirs of ~nsu~ance to sa~d MORTGAGEE, er i~~! p~on:ptly Io pay fu~:y any p:e~~u~^n therefo~ or in any
respect fail b perform, d~scha~ge, eaewte, effect, con,plete, co•np!y w~~h artd abide by th~s covenan~. w any par~ hrreof, aa~d MURTv~GEE may pi~ce a~~d
pay Fw such insurance or any part Ihereof without waiving w affecting any opt:on, lien, equlry, or r;g!~t undrr or 6y v;nue of this Mo~tgage, and the
tull a~novnt o( eath and e.ery such payment shall be ~m,nediately d~•e and payable a~:d shall brar int.~r~s~ from tha date thcreof uncil paid at tt~e rate ol
n~ne per centum per annu:n and togrthr+ with auth i:~trrest sha:~ br srcurrd by the lien of ih~s mortgage.
1. To permit, tommit w sufier no waste, impairmcnt or dcttrioration of sa~d property or any part thereof.
S. To pay all and singular the custs, charges and e,cpensea, ind~d~ng a reasonabie anomr~•'s fre anJ ccs~s of abs~~ads of t~t!e, incurred or paid at
any time by said MORIGAGfE, because a in the event oF ihe ta,~uie on the pa~t of the sa:d MQRTGAGOR to duly, pra:~ptly and fu~ly N~rform, d~scharge.
e¦ecute, efFect, complete, canply ~wah and ab:de by exh and every ~he sripula~.ons, agir~~~~~rnts, co•~dinons, and covenants o; sa~d pro~~~sso:y note and this
rnorrgage any w e~ther, and sad costa, charges a~~d expenses, each and every. shail be immcd~,trly due and payab!r; whether or r.ot ~h~~re be nonce d~
mand, attempt ro co:lect or su~t pe+~d~ng; and the (ull art~euM of ea:h and every s~ch pa~m,eM ahall bear fnt•_res~ from the date thercuf ontil paid al Ihe
r~;e oi ~ine per cent~m ptr a•~n~ and all sa~d tosrs. cna~ges and earrr.ses irxurred dr pa~ci, ~oyrtt~er wrth such ~nterest, shall be secured by the I~en ol thif
mortg~ge.
6. Tha1 (a) in the event of any braach of this Mmtgage or defa~it on ~M pa:t oi the h'.pR1G.4GOR, c+ ;bj in the event any of sa:d aums of money
hercin refer~rd to be not prompt~y and fulty paid within th.rty (30; da~s nex! a'tcr tne s:~~~,e s~r.r~~'iy beco•,,e d.:e a~d payab!e, w~~hout demand or nonce,
or in the event each and every fhe s~ipv~at~ons, agreemen~s, cond,r~ons and covenarns ot sa J c;re~nisso~y note and ih.s mortgagr any or eithe* are no:
iuty, prompNy and fully perfonned, dscharged, exrcuted, effected. canp,eTed, compned ~nnh and a:,~~deJ Sy, then in enhzr w any wch event 1he sa~d ag
greg~te sum mennoned in ;aid p~o:~usso~y ncte then remain~n~ ~npa~d, v~ith inte~est acc:.,rd. o~zd a~t :noncys securrd hereby, shali becorne d~e and pay
~ble fwthwith, or thereafter, at the op~~on of sa~d M0~2IGAGiE, as lui~y ard cm. ~p:ete!y as If ali of ~l,r s.,~d sums of money werr or~g~naily s~~putated
to be paid on such dty, a~ything in sa.d pro+n~ssory note or in th~s 11M1ortgagr to ihe conrrary ~:o~r:~~hsra~~d: tg; a~,~ thereupon w the~~after at thr option of
sa;d MORTGAGEE, wirhout notice or demar.d, suA at Iaw w in equity, therefore w therrahe: kny~n, may be prosecu~ed as if ail moneys secured hereby
nad matured pnor ?o As instituhon.
7, That in tt+e eve~t that at the beginning o( a a! any t~me pend~nq any suit upon rh~s frortgage, or to~foreclose it, or 1o reform i~, or to enfwce
paym.ent oi any tlaims he~eundrr, said MORTGAGEE shall app~y to Ihe Court ha.•~~~y ~u~~sd,c~~un th..«-ot tor the appo+Mment of a Receiver, suth Court shall
Eo~thwith appe~m a rece~~er of said mu~rgaged prooerty all and sing~lar, ;nc:ud ng a~i and s~ngu~ar ti:e ircemr, p~of~ts, issues and revenues irom whateve~
;eu~ce derivtd, each and every of Hh~ih, it be~ng express!y ~~nderstood. is ~ereby mongag~d as ~f spec~~~ca11y set 1o~th and deuribed in the granting and
habendum cleuses hereof, a~d such Rcceiver shali have all fhe broad a~~d eifective funct.ons and powe~s in anyw~se entrusted by a Court to a Receiver, and
s~ch appointment shalt be made by xch Court as an admitt~~e! equ~~y and a mafter o! a6so~~te nght to sa~d AtORIGAGEE, and w~shoul refetence to the
adequacy or inadeqvacy of the value ot the property mortgaged or ta the so.vency o~ ~nsu`.~e:~cy of said MORiGAGOR or the defrndants, and that such
renrs, profits, income, iss~es and rever,~es sFwfl be appi~ed 6y such Recerve~ accord~ng to the t~en w equity of said MORTGAGEE and the practitt Of suth
Court.
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8. To duly, pro~n~r!y an~ fu11y p~rform, d~scharge, execute, effect, complete, comply w~th and abide by eacfi and every the at~pulafions, agreemanh,
conditana and covenani: ~n sa~d promissa.y note and th~s mortgage set fwth. ~
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9. That in tht evc~t the owr.ersh~p of the mortgaged p~en,~ses, or any parf thereof, becomes vested in a person o!her than tKe MORTGAGOR, th~ ~
h'ARiGAGEE, its succzsso+s and ass~grs, may, w~thout ~ot,ce to the MORTGAOR, deal w~th such wccessw w successw in enterest with re(erence ta this ~
rt,ortgage and the d>bt he;eby secured in the same manner as wnh hlortgago~ w+thout in any way vitlzlin9 a d~scharging the Mongagors' liability here- ~
ur.der or upon ihe debr hr~euy sec~red. No aale of the Fremisas hereby mortgayrd and no Iorbearance on the part of ~he MORivAGEE or its successws
or assigns and no exrens:o~ of the time ~w ~he payment of ti~e debr hercby secvred given by the MORTGAGE'_ or ~ts successors w ass:gns, si~all operate
ro rNease, d.scharge, mod~fy change or affecr the onginal Gau.l.ty of ~he MORiGAGOR here~n, e~the- io whole w in pan.
10. 11 is spec~f~cai~y agreed that time is of the essence of th~s contrac~ and that no waiver of any obtigat~en hereunder w of the obligation se-
c~red hereby shali at any time thereafter be he:d to be a wawe. of the terms nereof a of the i:utrument secured herby.
11. In aad ti^ +!o the foreyo ~~7 mo~thiy p~ayments of pr;nt i~a1 and interesr req~~ r~d by the p+orr•:sscry no~e sew~rd hereby, mortgagor covenantl
n-~d ag~ees to pay to n:c-tgagee vr~:h each mon~h'~ pa~r: ent an add nonal aum rst ~.+ated Ly mortyagee to be eq~ai to l, 1~ of rie annual cost of the tol(ow-
I,~g:
A-All rea~ p:operty taaas lewec' or assessed agaiis! the ai:ove desc*ibcd nai esrare.
B-Prem;;,ms on f~re and w~ndsto~:+~ ~~suracce as here~n req~~red to be car.~e•d e~: the ~r.~:,iovemeats s:tuate on the above d,scr~bed prrmises.
C-Pre:mun•s o~ w:h rro-r~,ge 9~a~anty irsura~:ce as mortgagee sh.~il from r n.e !o r;.n~ di e~t fit to carry on the loan sec~red he~eby.
Matgagee s~a.i !~cm t~~ne T~~ne not~fy mortgagor ~n wr~t~~ig of the a~ro~m d~e and aayab!e hereundar and wch sur.+ shall ~hereupon be due and
Fjyable on the d~e date of ih> next mo~thi~ payment and each successive month thereafi~r ~r.til mcrtgagee shall rtot~fy mortgagor of a change in such
a^~~vnt. $uch svms s~a ~ be ap;.'~ed 'oy mortgagee toward the payn~•ent of real p.oE,erty taxes, insurence prem,ums, and mortgage guaranty insurance
r~emiumt. ~
t Ik WITNE~;i :4M.R~Of tne sa~d MORTGAGCR has here~nto stt his har:d and sra! the day and y r t aforesai .
~ S~gned, Sea!ed and dalive+ed in the presence of:
e l ' ' ~ ~!Seaq
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~ : f/(6re'~ ared _sTOY1D R. LLlj~tl - snd
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his wi{e, to me well known and kno~rn t0 me to be
~ thr~ridit ~ ':ae~i(b~~7l~snd who exec~ted the foregoing instrument, and acknow:edged before me that they executed the sartx for the purposts
~ ~hereiye ~~,apresstd~.`'~lhj sa~d _ Vlretinl8 C. Lllptl -
~ w;re o~ ~,a;d - ~.~ohn_ R. ].,L1~311 upon b separate and pr~v:t~
exam~nation by rt~s.fe4en separate and apart from her sa~d husband, acknowledged to end k,efore me ~hat she exew:ed :a~d instrument fraely and voluo-
~ ra~ily a~d w~thout any campvi~ion, consrraint, apprrhens:on, w fear of or irom her sa~d h~sband.
- March 71
WITNESS my hand and offic~al seal this--_ ~~-K~'>~r L day of---- A. D. 19
t - - - ~'-_.`:l ` t.
: Notary Pub;~c in and ior the State of 1iat.liiCat larpe
' h1y Comm~ssion expires: ~~110
Return To:
Fi~tt Fcderal Sa~ings a Loan Assoc~at~on L i~J f~ t~ PA'~ C U T t
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~f FO~f P.erce. Itiotary ~Uii:!C, T'C... ..^i)~~ ~'.'D :
~ Fort P~r~ce. F:cr~de MY CO!: htISSiO'~ ~XP~t:cS A~i, 15 1=+7~
zQ~855 ~
sT ~ D A~D AECOA F
UC1E CO
~ This Instrument Prepared By RiChard K. Kayes ROCEa pdj~~ ~
F+rst Federal Savings & loan Association CIERII C7RCWt ~pj~RT
ot Fort Fierce RfCORO YfR~~Eb
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" Checked By~-- - ~ ~Q ' ~ ~
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