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3. ~o pface and continuousiy Aeep on the bui'dfny now w berestter ~~~uets on ~aid ~urx1 and on alt eq~i~~~nent •nd penor~a~ly covcrod by thia mor~g•
~fl~. W~IIt •II prenuums IhrreW~ pa~d m full, firo inlu~~~uo ~n iha ~susl i~a~~~rd pphcy Io~~n, i~ a f~~n aHp~o~nd by the MUR~GAGEE, e~it~ winilslot~n
Inw~~nce in ~he vswl ~rende.d pol~cy iwm, io a wm ayp~ovcd by the MURIGAGEE, in ~u~h t~r~pany c~ w~npe~~es as ihs MORIGAGEE may
dusct: ~nd •U iiro ~nd w~ndaturm i~~surance polk~e? on •ny ol sa~d budd~~.ps, ~oy inte~oa! the~rm or pa~ the~euf, in ~he aggrcgote ~urn ~faets~d or
in ~xtes~ thereof, ~AaU coroain the ~sual ~ta~~da~d ITOJ~lJd9d0 ciausa w such o~her dewe as ~M Moriyayee may reyu,~s, m~ku~ ~hn ~oat uocler ta~J pol6
c~es, eacA ~nd every, parab}e ro sa~d MORiGAGEE ~ts interest m~y ap~rear, ard each and every wcA pe,~~cy shetl be p~on,puy a» g~~eJ and dei~ve~ed ~o
any he{d by sa~d A1pRtGAGtE ef (wthc~ arturity lo faiJ mor~yaye dabt, and, no~ ~efs than ten (101 dayt in aJ+~ncr ol ~he o~piration o1 eath po6cy, ro de•
Ilver to a~id MORTGAGEE a ronewal the~rof, ~oyNhQr wi~h a rece~pt for the prrnuum o} such ro~~ewa!; u~~d ~hrre s1:a l br rw i~re o~ w~~nlstv~m i~~ursnce
p~ettd on any of ss~d buildmgs. •ny inte~esl thcro~n or part thereol, ur~iras ~n ~hc form and w~th the ~o~s payab!e ~s alorc~eid; a~d in the svcnl any wm ~
of money becomea peyable undr~ iuch policy or poLuos taid MUGfGAGEE shall have ~he o~,~~on ~o recewr ~~~J opF:~y the ~a~„e on accu:,:,t o( the i~~debred-
ness sccured hereby or ro permel ia~d MURIGAGOAS ~o rcce~ve and u~e it o~ a~ry parl the~.w{ tr,• o:n.r ~.uri ~s~s, ..~+i~v~t th-.•.;~ w~~~~ ~.:r ~,~~p,.,.-
~~g any ~u~ty, 6en w~Igh~ under w by virtue of thn mor!~ago; and in ~he event sa,d MOR1(',AGORS shall !a~ any reason iail to koep ihc ae~d prem~tes so
~nsv~ed, p(ail b del~ve~ p~Wnptly any of said pohucs 01 ~nyvran~e W ta~d MORiGAGff, ot io~l juom~~,tly to pay fuily any p~r~~~~..m therefJr Or ~n a+~y ~
respec~ lail to pNlwm, d~scharge, execu~e. eflact, cumplete, comply wi~h and ab~de by ~h~s tove~~ar,~, or e~~y p.+rr h~r~of, 3n~d MGR(GAGEE may p~ete e~~u
pa~ la such ins~ran« or aoy parl thae~eoi w~~hout waivin9 or a}fecli~~ any ophon, lien, equ~~y. or r,yhf ur.Jer w by v~.tue of th~s More9a3e. aad fhe
fu~1 amu~n~ of each end ~?~iy ~uch payment sbe~l be ~mmrdistely d~e and payablo a~~d ~fiell bcar intrr~ s~ iio~n rha date thc~col un~~l po~d at the ~ate ot
n.~~e per canlum pe~ an~ium and to~r~her v~~th sud~ i~~trr~st shaii be scw~rd by the lien ol 1h:s ~nwrgagr.
1. To permit, commit w suH~r no waste, impairment w dcterioretion of sa~J p~operty or any pe~t thcreof.
5. To pay all end singuJer the costs, charges and exHemes, indud~r~ a reasoneble attwnry's fee and cosrs of abstracts o( tiNe, ;ncuned o~ paid a~
any >ime by w~d A10A1GAG~E, because a in ~he event of the 1aJure on ~he part of ~he aaid MORIGAGUR to duty, p~o:~~~,uy and (ully p,:~fu~m, d~uharge,
e.ecwe, elfec~, cpn~+lete, tomply w~th and ab.Je by each •~~d ~very the at~pu~e~~ur,s, agrrements, co:~d~!ionS. and cove~~a~e~s of sd~d ~:ro~~„ssory note and ihls
matgags e~y or e~+her, and ~a,d cosrs, cha~ges and e~epenses, each and evcry, ~ha;l ba im~~~s•~1~o~,•ty duc and payaLSc; whc~Aer or not ihere be noi~ce da-
mand, stte~~~pt to coltect or wit pend;ng; ~~d thr full a~no~nl of each and e•rry wch pa~mrm ~nall bea• in~erri~ from tAe da~e the~rof until pe~d al the
+ot~ o~ ..~ne Fer crnrum ~~.~r a~+.w:n; a~~d all ia~d costs, charges and ra;,e~isra intwred c+~ pa~d, roy~ther w~rh :uch ~nrer~st, slwll be setwed by tha ben ol Ihq •
mwl~~~,
6. That in 1he evero of any birach of this JNortgage or drfault on tir_ part of thr A10RTGAGOR, or ;b) in thc cvent sny oF sa:d sums of mpney
here~n refe~red ~o be not pro~+~p~ly and fvlly pa~d wnhin th~rty ~30; daya next ait.•r thp a,,~ne s~•vera:ty brco~~.c dve and peyable, w~~hout de:nand or notice,
cr ;c) in tAe event each and evr,y ~he at~pu:ar.ons, agreemeiu~, ccnd~na~a and covenaros ol sa d pron,~uwy no~e an:1 ~h,s mo~~gege any o~ e~iher are not
~uiy, promptiy and fu~ly pe~tanned, d.xharged, eaecuted, effec~ed. canp:etrd, comp~.ed wi~h and ab~d~•d 5y, then in e~ther or any sucA evem the ~a~d ag
~regafa sum ment~oned in te~d prom~aswy nore than remaining unpa~d, wnh ~nreiest acuurd, and o:l nwneys srcured herety, shalt become d~e and pay
ae c forfhw~th, or thereafte~, a~ fhe ophon of sa~d MORTGAGfE, a~ fully and completcly es if all of thr s~:d sums oi money were orsg~•,a~Iy sr,puiated
ro br pa d on such day, anyth~nq in sa.d pro~~nssay n~te or in ~his Mor~gagc ro the conua.y ~o~w~ihsra~~d~:~y; and ~herruFron or ehrrea~rer ai the opt~on of
sa,d MORTGAGEE, wnhout no~~cc o~ drmand, au~t at !aw w in equ~ty, the~elore or tt~ereehcr beyun, may bc prosecvted as ~f all monrys secured hereby
nad matu~ed pnor to ~ts ~nsutut~on.
7. Tha~ in ~he evcnt thet st the beginn~ng of or at any time pendi:,g any su~t upon th~s Mortgage, w to (wectose it, or to re(orm it, o? fo en(orc~
pavTCn1 of any cle~ms ht~evndrr, u~d MORTGAGEE shaU apply to the Courf heviiy ~unsd.chon the~eof lor Ihe appO~ntmeM of a Receivtr, such Cowt shall
fe,rhwith apFu~n~ a recr~~er of seid morlgagrd prooer~y all and singuler, incl~d.ng a:l and s~~~gular ri~e ~nco~»e, prolns, issues and revenues Irom whatever
s, wce derived. each and every of wh,ch. ~r ~,ng express'y under:~ood, n hereby mo~rgagrd as if spec•f~ca:ly set forth and descnbed in the gra~~~ng end
ha;.endvm ciauses hcreo~, and such Rece~ver shali havc all the broad and eticctwe fvnct.ons end powc.s in anyw~sc emrwtrd Gy a Cou.t to a Receiver, a~~d
s_ch ~pppintmen~ sh~it Tdd! Dr such Cour~ as a~ ad~nirred eq~ity a~d a matte~ of absoiu~e ngM to said ARORiGAGEE, a~d w~rf~ovt refere~ce ro the
edr.~i~acy a inadayu3ty Of the value of the prope~ty mortgeged w!o the so.vrncy or ~nsotvency oi said MORiGAGOR p the defendants, and ~hat wch
~••~~~a, profifs. ~~ca~x, iuuei and revenues shali be appiled by svch Receive~ accordmg ro ehe Iien w equity ot sa~d MORTGAGEE and ~he pracnce of such
Co~t1.
8. To dvly, p~ompf!y and fuliy p~~form, d;scharge, execute, eifect. tompletc, comply with •nd abide by each and eve~y the stipulatio~s, agr~mcnls,
.ond~r~c+ns and covenams ~n sa~d prom~ssory note and th:s morrgage srr forrh.
9. Thst in the e.ent the owne~sh~p of the mortgaged p~c~nnes, o. any part ~hcreof, bccomes vested in e person other than the MORTGACa~R, the
ti+~Rt(',AGfE, ~rs s~ccess.s~s and ass•gns, may, w~:hout rw~rce to ~he MORTGApR, deal wnh :~ch successo~ a wcceuor ~n iroeresf wi:h re~erence ~o thi~
~~o•~gage a~d the drbt ~errby sec~red in the same manner ~s n~~th Mortgagor w~thout in any .vay vif:ating or d~sc~arging tl,e Mortgagori liabitlty here.
.~der w u~ the debi hereby s,wred. tJo sale of the Fremnes hereby mortga~ed and no forGtaran=e on tht parr of rf+e MOR~GAGEE or if~ succeasors
o+ ess~gns and no e;rens.on uf the t~m.e for the paymem o! the debt hercby secured g~ven by the MORTGAGE`_ or its wccessors Or aas~gns, a~~~al{ operate
io raease, d~scharge, mod~ly cha~~ge o+ affect the o~~g,na1 l;ao:~ty of the MORiGAGOR here~n, e~ther in vvhoie or in part.
10. It is spec,f~catiy ag.eed thst ti:ne is of the essence of th~s controct and that no waivrr o( any ob~~gano~ hereunder or ot the obiigation st-
cured hereby shal, ar any f~~:e thereatfer be held to be a waiver of the terms her~f w of the ~nstrument se:u.ed herby.
11. In ;dc1 • o- rp ~he fweg~ rr~onthty Faymems of pnx pa1 and interest reqwred by the p~oo~'sscry no'i- scc~r~d hereb~. morty~g~r tovenants
+•~d agrees ro pa~ r~• .~,o r;~.3yee ~w+rh each mo~~~hiy pay~. em an ;dd:nona{ sum est .~r,ared b~ moctgagee to be e~va~ ~o ! 12 of ~;,e ennuat cost of fhe foSiow-
.~,y:
A-A'~ rra' ;.:cF-.~~ry t+~x21 lev~rd or assessed agai•~st rF,c aEov. dex~~bed ~cai esrate.
B--Fr, - s on f._~ a~d w~ndsto-~n msur~rce as herem req~ red to be ca.nc d on th~ :m;:roveme~rs s:tujte on the above dsscribed prem~ses.
C-Pre:-.~~•••s c~ such mo:tgage g~aranty msurar.ce as moitgagee sha:l 4rom nme to h~nc decm fit to cany on tht loan secured hereby.
Alorrgagee s•~.e °•am n~.~e to r~~ne nOf~{y mcrryager ,n M,nt;ng of the a•r.ou~t d~e and Fayable hereundar a,x! s.ch su:n sha!I rhrrcupon be .iue and
~ a,abEe on rhr d,,e oste of ihe ~ext r~onth.y payme.~t and each successrve month thereafier ~r.ti~ mcrtgagee shall not.fy moregagor pf a change in su:h
a~ cont. Su:n s,. ~s s^: : be app'~cd by mortgagee towa~d the payment of reai property taxes, insurance prem.~rr:s, and mo~rgage guaranty insurance
n-eT~ums, ,
IN WiT~.E55 ti4N;REC~ tne sa.d MORTGAGCR has hereunto ut his hand and sea! ~he day and year first afores
~ S+gnSd, Seated a: dr!i~ e+ed in the presence of:
~ F?~ED ~?~D RE ~
- - S7_ IYCtE C Y ~LA- . . , . ~
` at)
- - CLEitK C RCt11T
~sC~p ~ ~ (5ea~)
- - RECOR011ERJFlE! (~a~~
~ 5 3 ~~~1~
5?ATE OF FLORIDA ~ u ~ 7 a 6 3
~~uvTr oF S? . WCIB
Before me penonaily appeared C• ~10~sOA ~~d
~.t1C~11~ ~101~iOD his wife, to me we!1 known and known to me to b~
rhe ~ndw~dwls descrbed in and who executed the foregoiny instrumeM, and xknowledyed before me that ~hey eaecuted the same for the purpous
rhe~ei~ expreaxd. And fhe sa~d_ U1C11IQ T~10t~SOA i
.,~~fc pf the sa;d C. ?ho~son upon s sepa.ate and privat~
e.am~nar;~ by me ta~en seoa.ate and aoart from her ssid husband, acknowledgcd ro and before me that ahe executed said insrr~ment free~y and vo{un-
rar,iy ~nd ,~,:~ho;,t •ny compuision, constraint, spprehens.on, or fear of or f~om her said husband.
WlTNESS my hand and o1lic~a! sea! this_ day of~ A Yii ` A. D. 19 71
.t--r--_ I~[ _ ~ ~i(
'=ls~ ,F : Notsry P~ Gc in and for tFx Stace of Flwfd~ at Lar~e
~ ~ ~ • • - My Comm~ssion espires:
Retufn To: ' ~,~iM~u«~Ni.,.
; ~ `y ~ ~i:d: PU.:l1C? STAiE OF
F~rsf feder~I Savings b loan Associaf;on -}j-;j r
pf +.~rr P c rce ~SION EXPIRES SEPT. A'j~~
Fprt P~erce. FlorieJa ~ v ~ ~ ~ ~ p .~Q~~ ~
:
' ti' : r:: G~ r .
. : i: -''J ; 1-
_ i--~t'J`~. ` ~-.C~: .
. ~~La
This Instrument Prepared By JOht] W. CO~,1~1~--~1 'Q ;
First Federal Savings 8 lcan Association .
of Fcrt Pierce ~ Flol'ida '
Checked By •,"'~:,,~~"a,`
d~x 19~ i272
;
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