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3. To plece •nd c.x~t~nuousty keep on the b~~'dmgs now o~ hereaSter •~t~a~e o~ sa~d ~and ar,~ on a!~ .q~~p+~:eni and personaily tave~ed by ihif morl~
•ge, with all premwms ~he~con ~~d m f~tl, lue insurancc in ~hc uwal sra~dard po:~cy furm. in a ivm aNN•o~.d t~y ~ha h1CR~"vAGEE, and windsto~m
;nsur~nce in ~he uwal s~andard poi.cy form, in a wm appro.ed by ~he MORTGAGEE. ~n tucfi canpa~~y or co:nF:an~ea as the MORiGAGEE may
d~-ec~; •nd all ('ue and w~ndsto~m insurance pol~c~et on any o( sa~d build~+pf, any interast the.ei~ o~ pa~t the~rof, in Ihe agg.eya~e tum aio~euid w
in •xtes~ ~hereof, shell comam tFe vsu~f itandard morty~gta c~ause w svch other c~a~~e es ~ha Mo~tgayee may ~equ~rs. ~i~aA~nq the lo» unde~ sa~d po~i-
c~es, each and every, payab!e to saed MJRiG4GEE as us ~~+te~es~ rnay ~ppea?, a~d each and eYery wch po:,cy shatl 1x, pro~~p~iy a?s g~~rd and deGvered ~o
any heid by sa~d MJRTGAGEE ss fur~he~ accurity to uid n,o-tysye drbt, a,~d, no~ ~ess ~han ~rn (101 dars in advance oi ~he expirat~or~ of each po~icy, to d~-
Gver to ~aid hIORT,:,~1GEE a renewal thercof, toyether wi~h a rece~pt !o~ the premwm of such ~enev.a~: and there shall Lx rw f~~e o~ wu~ds~onn infurance
C~~~ ~+^Y o~ sa+d build~~~s. any intereit there+n w part thcreof, ~n!eu in tht form a~~d wi~h ~he loss payabie as alo~esaid; end in the e~e~~ any •um
o~ money betomes paya6~e uodea such policy w po~~ues ia~d MORTGAGEE shall have the ophon ~o rece~ve and appty Ihe fa~ne o~ acco~~v of the indebted-
neu sKU~ld Alroby M eo perm~t sa~d MORiGAGC~RS to ~xei.e and ute it a any p.~rt ihe:ro4 ~,r o:n. r~.u~E oa.•s, .~.:~i,,,~~t ~h:,. .v.:~., ~3 ~~r~p~~~-
ing any equ~ty, 6en w~~yht u:x1c~ a by vi~tve of fh~s mortgaye; and in the eve~t aa d Mp21GAGORS sh..fl fo. any rcasoo 1ai1 to keep the sa~d premiszi so {
insur~, or fail to delire! p~~~p~~y •ny of iaid polK~es O! insurante t0 sa~d MORTGAGfE, or tali prcrnptty to pay fuily any Fxe~~~ivm thcreto~ o~ in any j
respect lail 1o pe~form, d:tcho~~e, eaccute, elfect, canp~r~e, co~z~p~y with a~~d ab~de by th:s cove~~an1, er any pa~t hareof, sa~J MORTvAGEE may pl~ce and ~
Fvy fw auth insurance or •ny part thereof without waiving o~ affedinfl any opt~on, lieo, equny, or nyht -under or by virtue of ~his Mortgage, •nd the
t~1t amouot of e~ch and e~ery svch payment shall be ~m~„ed,ately dve a~d payable a~~J shall bear ~nte+rsr lrorn ~he data thrreoi u~~~il p.~~d at the .ate of ~
n~,~e per cen~um ~v ann~m and TJ-~e1hCf v~ith such intrrest shali tx src.,red by the l~en of th~s mortgage. ~
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TO pttmit, COmmit p sutler n0 waste, impairmeM w clclei+oration of aa~d property o~ any pa~t Ih~~reof. !
5. To pay •II and tinyular ihe eosts, char~es a+~d exyxnses, inctudu~ a reeaona~le attornr~'s fee a~.d costs ol abst~ac~s of tit!e, incurred or paid at ~
,ny time bY said MORTGAG:E, because er in the evsnt of the fa~~ure on the pan o( the sa~d MORTGAGUR to duly, pra~~p~~y and fuUy pertorm, d~scharge, f
e¦ecure, effect, co.nptett, comply w~th a~~d abde by each and e~e.y +he s~~pv`anons, agrer~nents, condmo+~s, and cove~~anrs o( s~~d p~om:s~ory note a~~d ~h1~ ~
~
~iurt9a9! aoy w either, and sa d coats, charges and expenses, eaah and r.ery, ifialt be in„o.rd~atety due and pavat,'r; vahe~her or not rhere be nos~ce d~ '
^~and, attempt fo to~~M o? suit pend:ng; and the 1u~1 anw~nt of each and e~ery sv:h pa~mrnt shrll bca~ int.~rest from fhe date the~eo{ until paid at ~he
•.~r o~ nine per cens.,m per annc:n; and aii sa~d costs, charges and ea„e~sei ~nc~:reci or pa~d. ~oyethrr wnh svch ~nrerest, alwll be secured by the I~en ol th~~
nw.rpaQe.
6. That (a) in the event of any breacfi of tF.~s Mongage or defav:t on ttx part of tl~e 1'.'IORTG~~GQR, or ;ol ~n +he event any of sa:d s~ms of money
Frrein referred to be r.ot pro+nptly and fu;ly pe;d .,~~h~n th~rty (30J ders nc.t a'r•:r the sn~ne se:e~e:ty become d.:e and payaU!e, wiflwut demand or notice,
ov (c) in the e~em eacl+ a~d every the sNpuiat~o~s, ag~eementf, cond~s~ons and covenants o! sa d Fro~u~ssury no'e and fh i mo~~gage any or e~ther are nol
~uty, promptly and f~tly perlo~~ned, d•xharged, eeecuted, effcc~ed, comp7eted, compi~ed wah and a:,~d_•d 5y, the~ in e~ther or any tuch evem th~ sa~d ag•
gregate tum rt+em~oned in tsid prom~ssory rtete than ~e~naining unpa~d, with ~ntere;t acuued. and a~i ~rwnr~s sec~red hrreuy, shall becume due and psy-
ao~e fwthw~th, a~heresf+er, at the op!.on of sa~d htJ~2IGAGEE, as luiiy arxf comp~e~c~y as li ali of ~hr sa~d sum~ of nwney were or~glnally shputated
to be pa~d on such dzy, anyth~ng ~n sa d prom~ssory note or in th~s Alwtgagr to the conr.ary notw~thstand.ng; and ~hereupcn or thcreaher at the opnon o1
sa~d MORiGAGEE, w:fhe~t nohce o~ demand, w~t at taw or in eq~~ty, therefo~e w thereafter begun, may be prosecuted as if all nwrteys secured heroby
~ad matvred pr~or to ~ts ~~stitunon.
7. TMt in 11+~ eveni ~hat at the beginning of or at any ti~ne pcnding any su~t upon this Mortgage, w to ~oreclose it, or to refwm it, or to enforce
.^jyment ot any cla~ms he•evnder, sa~d AtOitiGAGfE shalt apply to ?he Co~rt hav~ng ~~nsd:ci~on theseof tw the a~poinbnrnt of a Reteiver, wch Cour1 shall
i:.rtbwirh appo:rtt a rece+~er of sa~d morigaged p!ooe~ty all and sirv~~lar, i~ctvd•ng a1i a~.d s~~~g~~ar the incume, p~ofna, issues aRd revenves from whafever
s: ~••.e derived, esch and every of wh,ch, It be~ng express!y undeisiowJ, ~a hereby mortgayed as if spec:ficaity set forih and described in ~he grannng a~d
habrndum c~a~ses hereof, and svch Rece~ver sha~l have •tl the b.oad and effect~ve funcr•o~+s and powen in anyw~se enlrusted by •~ou~t to a Receiver, and
ch appoimmene s"aii be made by svch Cuvrt aa an admitted rquity and a matter of absoiute r~ght lo said MURTGAGEE, ~nd w~thout rc~ete~ce to fhe
edequacy o~ ~nadeqvacy of the val~e of ~he p~openy mw~gaged or to the so.vency or ~r.aei.ency of said MORiGAGOR or the de~endants, an~ that such
ren,s, proiits, :ncome, +ssues and reve~ves shail be appiied by such Rece~ver accord~~~g to the ~~en or equrty ot sald MORTGAGEE and the pracnce of such t
Court.
8. To dv!y, prompt:y and fu~~y perform, discharge, execute, eifecr, complete, cor.~piy w~+h and abide by each and every the stipulations, egreerr~,ents,
:ond~tio:u and covenants ~n aa~d promisso•y note and this mwtgage set fwth. y
9. That in fhe event the ownersh;p ef the mortgaged Frem~ses, or ar,y pa~t Ihereof, 6ecomes vested in a person other than the MORTGAGOR, Ihe
\'.~RTGAGEE, its wccessors and asvgns. rnay, without rtonce to the MORiGAOR, deal wnh such svccesso~ or s~ccessw in iMCrest with reterence to thif
~•cric~ege and the deut hereby secured in the same manner as w~:h Mertgagor wiihout in any way vit~ating w d~scha•ging the Mortgagors' liability herr
~„nder o~ uFwn the drbt he~eo~ sec~~~eci. t~io saie of the prerr.~ses krreby mortgaged and no forbearance on the part oi the N10RIGAGEE o~ its succeswn
o~ ass~g~s and no eafe~sion of ~he t~me iw the payment of the d~br hercby sec~red given by the MORTGAGE`_ or its wccessors or sssigna, alufl operate
~o re~ease, d~xhargr, mod.(y chan9e or affect the origmal liab:~.ty of the MORTGAGOR here~n, e~ther in vrhoJe or in part.
10. It is spedficatly rgreed tha+ time is of the essr~ce of this comrac~ and that no waiver of any oti~ganon hereunder a of the obligation }r ~ {
c~~red hereby sha:c at any tl~„e thereaher be he!d to be a wairer of the terms hereof or of tfie instrumem secured herby.
11. In ad~± r.o :•o ~~e fo.ego rx~ monrh!y payments of pnnc pet and inrerest requ~red by the prom ssory no!e secvred hereby, .mortgagor covenartts
n~d agrees io ,~ay ro ^~o-~gag~e v.~th each monrh y pai~ ent ar. add•r•onal sum es++:>>ated by mortg~gee to be eyuat to 1;"12 of the annual cost of the follow-
,y .
A-A1! rea' croperTy taaes ie•ned or assessed aga~• st the above desc.ibcd reaf estate.
B-Pr_•r ,-s o~ +ue and wirtdstorm ~nsuracce as ner~~n req~:rcd to kx ca-r~ed on the :m;:rovements s:ruate on the abovc d_sc:ibed premises.
C-Pre~^ u-s o~ ~uch morrg~ge a~a~an!y icsurarce as rr~o~tgagee shall from ~:me to t~mc aeern fit to carry on the loan sccured hereby.
llM1ortgagee f^a' `-:,m tfrne to t:me i+c'~fy mertysgc* ~n wnt~ng of the arrov~t d~e ar,d payabte he~eundtr and such su*n shaii therevpon be due end
.~.abie on the ci.~e det. oi she ne,~~ mo~th:y pay~rent and each success~re n,anth thereaiter vr.fil mor!gagee shall noKfy mortgagor of a change in such
ovnr. Such sums s~a ' ~e appi~ed by mur,gag•_e toward tf.e payment of rea~ p~operty ta:es, inavra~xe prem.ums, a~xl mo~tgage guaraMy insurance
t :;•e^iiums.
; IN L'JITNES_ 'NHfPEO~ ~~e sa~d MORiGAGOR has hereumo set h~s hand and seaf the day yea~ rst afore
~ ' S~y , Sea:ed and de ivc•ed in the presence of:
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ST:.TE OF FtORIDA 1
St . Luc ie ~ u~ ~
~ ~~ur~n O~ - _ ~ ~
~ befwe me perwn~sty a ared JO~Ifl I~. Townsend
~ ~1@en S. TOX[ls@nd _ h~s wJfe, to me well know~ and kno+vn to me to b~ f
~ '~~e indiv~dw~s descr+bed in ~nd who executed the foregoirg i~strumeM, and acknowledged befure me that they exet~ted the same fw the purposes
~hcre~n .~~.~~a ~„d ~r.~ sa~d_-_-___ Que6Ll S. Trnmsend _ _ _
~ ...te o~ the sa;d '~OZ1T1 F. TO'Hf13@ilf~ upon s sepa.~te and privat~
~ e,am~naton b~ me take~ sepa~ate and apart f~om her said husba~d, acknowledged to end befo•e me that shr exetuted said instrurnent freely ~rtd voluo-
~~niy and wnhov~ any compuiswn, constra~r.t, apprehe~ns.o'n, /or fear of o+ irom her sa~d husband.
= WITNf55 my hand and of(~c~al seal this. ~`~.~2-____ day of__,_ -__~~h A. D. 19
` ~t--1~1--~~d-~~~--- .
' ' ota~y Pvblic in and ior the S4ta of fb~ida ~t lary~
;s; My Comm~ssion expirei:
i Refvrn To~ ,,~~HH~~u~r..,,~
_ f~rtt Frderal Sr+ir,gf b Loen Aswc~et~on *,1~,,~ j n~4 ~~RiO~ At LAR4E
- ~~t ~.~.r ~..ce ~ ~ ~~•1?/Y C'JMMISSION EXWRES SEPT. ?3~.197~
' ; ~I fs'. , spMBED (MRU fRfD Mf. WESTEIlIORiE
FUr1 {'.frCf, f~.r.1~ ` \ i •1• ~a~.. v ~ ~ .
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~ = ' ~ : FILE~ AND RECpRpEp
~ " ~ • : p ~ : ; 6T. WCIE COUNIY ilA.
- This Instrument Prepared By John W. CO~.1~~ ~ Z~• : ROGEA POITRAS
F~rst Federa{ Savings b loan Asscxiation :,'Y u' CIERK CIRCUIt COUItT
of Fort Pierce ~ Flo~'ida ~"s"~~~~r~ RECORO YERIFIEO..~..~~
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~ 30 I 32 PM'l l
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.ry Checked By _ _ - - _ -
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C tt ~c'~ 1.~3
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