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To plaa ~nd continuouily kKp on ~M build7np~ oow w her~~t~a aituata on ia~d land and w+ all equipnxnt ~nd penonally tovs~ed by 1hi~ er~wf¢ ~
p~, wifh ~li premiums ~he~eon pa~d ie fuN, fire iniuranc~ ~n 1M usual •mnds~d pol+q form, in • sum apWovcd by Ihe MORiGAGEE, •nd windstwm
i~~w~nc~ in ~h~ ~~ual ~~a~dard pol~cy form, in • wm ~pp?oved by ~M lNCRiGAGEE, In tuch company or companie~ as ~1+~ MORiGAGEE may
di~K/j ~nd a0 fir~ ~nd w~nd~twm i~~w~ac~ polic~es on ~ny of ~aid lwitd+npt, any inNre~t th~rei~ w pa~! thereof, in tik ay~repata wm aloreaid w
t» ~xtsas ~h~r~ol, shall comain the usual a~andard mortga~e clauis or iuch o~he~ clause as the AAw~~aq~e aiay ~equ~r~. maMi~p ~hs lo» unde~ said po1F
cip. ~ach ~nd ~ve~y. paYapf~ ta said MORIGAGEE a~ ib intareit may ~ppcar, ~v~d each and eve~y tucA po~icy ~hall b~ promprly ass yned and delivered ~o
' ~ny held py ~id MORiGAGEf at tureher ucv~ity to said matap~ debt, ~nd, no? ks~ ihan ~en (IO) dayi i~ advance ol tha expirat~on of each policy, to dr
livK tp said MORTGAGEE • re~ewal thereof, top~tF?u with a rcce~pt fa ~hc premium of such reruwal; and theie ahall bs no fire w wind~tam insu~a~+c~
plao~d o~ ~ny of said build~nys, any inleresl therein or par~ thereof, untess in the form ar+d wi~h ~he lo» payabl~ ai alwesaid~ and in tFy ~v~n1 ~ny ~um
of moewy ~~e~,e~ p~y~b1~ under svcA poNcy a policies said Mt~RiGAGEE sAall Mve the opnon ~o reca~ve arxl spp'.y the sams on ~ccoun~ of ~M indsb~ed
r+sts secured hertby w W pe~mit sr.d AApR1GAGORS ro reteiw and ~s~ It w any pa~~ thereof to. othrr pur~wses, w~~hout ~h..to~ waivi~t~ a~mpair-
~nq aey pvity. lisn or right unde~ a by virtue of this mo:tgs~e; ~nd in Ihe event ~a~d MORTGAGORS shali tor any reason i~il to keep the s+id premises so
iruur~d, p~ fail ro delive~ pranplly any of faid policies of insurance to said MORIGAGEE, w fail promptly to pay tully any pre~»ium therefor w in any
r~sp~cf tNl 1o pK(am, discMrge, ezecure, ef(~ct, complete, comply wirh ar?d abida by this coven.~n1, w any part he~eol, uid MQRIGAGEE may plats and
paY fw such insuranc~ w~?y pa~t ~hereof w~thout w~+vinq w affeciinq ~~y opt~o~. lien, equt~y, w r~ght u~de~ or by virtu~ ol rhis Mw~9a~. ~nd ~ht ?
full aeqwet of ~ach ~nd trwy ~uch payment ihall be imrnediately dw ~~d piyabl~ ~nd siNll bear i~ttrest from the date the~eof until paid a1 !hs ri~~ 01
n+ne pa ct~tu~n pM annum and Io,?e~her wi~h such i~tereat shali be secured by tM litn oi th~a mortpage. '
To p~rmit, conw„it w sufier no wuN, Impa'rme~t a detw7wation ot said pioperty or any pan theraof.
5. To pay dl ~d si~pulK tl+~ costs. cl~argea ~nd expenses, including a ~easonabb ~~~wney's fee and cosn of abitract?~OfJII~s..incwr~d w p~id a1
any time by aid MORTGAGEE, becauae a in the event of ~he failure on the part of tM said MUitiGAGpR ro dv7y, p~o.»pHy and fu~ly perEorm, ~~~tliiryR~
execute, elfect, tomplett, comply w~th a~d ab:de by each and every ~he st~~x,tat~w~s, agreement~, co~d~+wna, ind covenants of taid prom~ssory note and ~hii S
mortgap~ ~ny or eilhet, and se~d coats, charyes and axpensei, each and every, thal{ be immed~ately dvs a~d payabfe: whelhe. w not there be notica dt -
mand, attempt ro collatt or svit pe+,d~ng; and ~he full amount o( exh ~nd every such paymen~ shall bea• ~~nte~es~ from ~he dste ~he~cof u~~il paid at the
rare of nine per ceMum per ann~,n; and aH said costs, char9es anc! eapenus incvrred pr paid, eogether wuh avch intQresl, sMll b~ tecured by th~ lien of thii }
^art9a~-
6. That (a) in ti~e event o( any brexh o~ this Mortgage o? defsu!? on !M part of tF,e MORTGAGOR, or (b) in the rvent any of ~atd sums of mon~y
herein r~ferred to be not promptly and iully paid within 1h~Tty l30) days ne,~t afre~ the same sevcrally become due and payabte, wi~hout dem~nd w notice,
or (c~ in tfie even~ each and every ~he st~putaeio~u, agrsements, ca+diTiona and covenants of sa:d ~xom~ssory note ar~d ~h~• moe~ge9e ~ny or either ~r~ no1
~uly, p~ompMy and tuliy perfwmed, d:uharged, eaeculed, ~ifected, compkted, complied wi~h and ab~ded Sy, the~ in e~ihe+ a any ~uch ~vent ~he u~d ag
9regata wm men~ioned in said promis~o.y nofe then remaini:iq unpa~d, with interesl accrued, and atl moneys aec~red hercby. ~hali lxcome dw and p~y-
eb~e (wthwiNw, or tl~eteafter, at the oprion of said MORTGAGEE, as fvlfy snd comp~etely as it all of the sa~d s~ms of mo~y were wginally st~pulated
to be pafd on s~rch dsy, anything in aa:d pro~n~ssory note w in ~his Matgage ro the co~trary notw~th~~artdntg; and ~hereupon or Ihereafter a~ the option of
ssid MORTCsAGEE, w~thoul no!~ce w derna~d, suit at law p in puity, therefwe w thtreatte~ beguo, may be proseculed as if all moneys satured heteby
had matwed p~~a to ~ts ins~i~ufwn.
7. TMt i~ tl,e event that at the begin~i~g of or a1 any ~ime pending any suit upon +h~s Mortgage, o~ to foreclose it, o? to refwm it, or to enfo?c+~
~ayment of sny claims hereunde~, said N1pRTGAGEf shaU apply to the Court Mvi~g jvr~ad~ction thereof for the appo~ntment of a Receiver, such Court shatl
forrhwith appoim a.ete7ve? of said mortgaged proocrty atl aod ainyular, incl~dmg aN and sf~gufsr. fhe intome, proins, issun aod revenues f~om whatt~re~
source derived, each and every of wh~ch, it be;~~g expreasly unde~srood, is hercby mwtgaged as ~i speuf~ca{ly xt forth and desu,bed 'm ~he pramiry and
haixndum clauses hereo/, and such Qeceiver shail have a!! ti~e broad and effed;ve funct,ons and powera in anyw~se e~tr~slcd by a Cov~t to a Receiver, and
s~ch appointment tMlt be made by such Court as an admi~ted equity and a matte~ of abeolute r~ght to sa~d MpRTGAGEE, and veithout referer+ce to ths
adequsty or inadeqvaty oi thp wtue of the property mortgaged or 1o the so~vency or insotv~cy of sa'rd MORfGAGpR or ?he defend,r+n, and tbat such
renrs, profin income, iuuet sr.~! revenves shall be applied by such Receiver attotdin~ to Ihe I~en p equity ot wid MORTGAGEE and the prxtica of such
Cwirt.
8. To dvly, promptly and fvlly perfwm, d~uharge, eaecute, effect, completr, axnpty with u~d abide by each end every the stipulations, agreemenq,
condi+ioru and crnenanes in sa~d ~romissory note and ~hi? mortgage se~ fwth_
9. That i~ the event the ow~ership o~ the mortga9ed p~cm~ses, w any part thereof, becomes vested in ~ person pthcr than the MORTGAGQR, th~
h1pRTGAGEE, its :uccessors snd ass:gns, may, w::ha,t no~~ce to ~he A10RTGAOR, deal wieh such ~ucceua or tuccessor in ~nterest w;th reference to this
moreg~p and the debi lureby aeturtd in ihe sarnt manner as with Mo~tgaga without in any way vir~ating or dixhargi~ the Mortgagori liabiliTy here~
ur,der or upon the drbt hereby fK~rpd, Np sale of the prem~ses hereby mortgaged and no forbearance on the part oi the MORiGAGEE a its successors
or auiQns and no ex~ensio~ of the nme for the payment of the debt hereby setured yiven by the JNORIGAGE~ or its successors or assigns, ~hall operat~
ro rclease, d~sc!?arpe, mod~fy change or aE(ect the orig~nal liab~i~ry of the MORTGAGOR hero~n, either in whole or in put.
10. It is s~etifica~ly agreed that fime is of fhe esx~ce af this contract and that no w~iver oF any obligation hereunde~ or of tht oblip~t'an se-
cvred h~r~by shall at a~y ~ime tF?ereafter be he(d to be a wsiver of the terms hcreof a of the irutrurtrent setwed herby.
11. In add~t:o~ to tl~e forego'ng mo~th!Y PaY^i°^?= of pr:nc pal and interesf .equ:ied by fhe prom;ssory note secured hereby, mortgagar coveoaots
and agrees to pay to mo:~gagee w~th each nronthly payn,ent an add~r;onal sum estin:ated by mwtgsgce to be equal to 1,' 12 of the annual cost of the follow-
~ng:
A-All reai prq~rtY taxes lew~ed or auessed against the above described reat esrate.
B-Arem,ums on fire artd w±rsdstorn~ insurar.ce as herein rt~gu:red to be carried oo the improv~rneats s~tuate on the abOVe described premiseS.
C-Premiur~s o~ such mortg;ge gva~anty i~surar,ce as mongagee shall from t me to time deem fit to carry on the ba~ secured hereby_
Mertgagee sh,it !rom time to nrne norify mortgagor in wrie;ng pf the am~nt dve and payabte hereundrr and such sum shall thereup~ be due and
cayabte on the due date of rhe ~sext monthiy payment and each successive month tF~ereafter w.~il mortgagee shall notify mortgagor of a char?ge iin wth ~
a~^oc;nt. Such sums sha:i ~ applied by mortgagee towa:d the paymcnt of rea! property ta:es, insuronce prcm:ums, a~x! mortgage guaran/y i~Wrance ~
p•emiumf~
IN WI7NES5 WHERFOF, rhe said MpRTGAGOR tus hereunto ut his hand and seal the and~ yfir afpesai .
Signed. Sea;ed and delivred in the pres~nce of: d,~` ~ ~ /
eQ,n .~o . 2~Q a r. a er ~
- _ ? - ~ L~., c:R.~~,.., ~
- . ~ ~ ~ . t osJeP e . Wa er ~s..n
STATE OF ~ O}110 ~
.OUNTY OF v Y Atvo M 1
~fOe ~„o,,,~~y , a~~ Walter M. Walker j
Josep~iine Ci. w81,[C@2' his wiie, to me wetl known snd known to me to b~ ~
rhe individwb described in a~d who executed the for instrument, and acknowiedged b~fore me tMt they executed the iame iw tlw pwposes ;
,r,~~~;,~ ~ t~ ~osephine G. Walker ;
w~r~ ~~h. ..d Walter M. iaalker v}wn ~ sep~r~te and privaN ~
examinatiort by me taken separate and epart from her said husbend, atknow~edSed to and befwe me that she executed said inatrvment free{y and vdu~
!ari{y and w;thovt ~ny compu;sion, constraim, ~pprehens~on,
or feu of or irom her said husband.
WITNESS my h+nd ~nd official seal thii 3 O~i day of J0 ~ IL ~ Q. ~97~
c.•ywwoee cov•+t~
~1-~S'-~ ~ ~t~ ne~K~ ~l~va~pl4~e
f~iarary ?ub~ic in and for the Statt o~
My Comm~asion expires: ~1~~n ' t
Retum Tw _-~}1 ^
FIIE~ 1?MO RECOROEO ~
fint Federal Sav~r,gs 4 to.~ Associat~on ~UCIE S'rOIINTY fu' . a~` s~ " ~
~ , •~15
or ~o,, P:F«~. ROCER POITRAS ~
Fo.e v~~rc~. F~«~dd CIERK C+RCUI ~1 "••,'~d i~/?: . ~
RECOR~ YERIf1E / : _ . ;
PM'Z ~ 1 - ~ .r ~ ' . ,
3 53 3.1 s..~~''::. t~L-~':
M~r 13 ; . .;-r~~,:.- ~
This Instrument Prepared By Wm. E. BT8uT1 Ofv~~.~'~r~!';
First Federal Savings E~ loan ~Association . *•r ~
of Fort Pierce , Florida +~~~A~~l9 ~ ''•,,'C(/y~::'~t'~.t ;
.7Fia~ '~~lr,:. ,
Checked By 6~-
~ l~~ 1402 , . I~ S
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