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3. To pl~c~ and conl~nuously keep on the bu~:d:~q• nuw or Fwreafter ~~twt~ on e~~d land end on ell equ~p~.~e~1 a~~d peroonelly covered by Ihit mwt9-
p~, with ~11 premwmt Iher~on ~u~d 1~11, t~re iosurance m the ~wal 11RI1(~Jf:I ~w!ky fonn, m a?u~n a~.N~~+ad by thu ti4.>K~~AGEE, and windslam
infurance in Ihe ~awl s~anda~d po~~cy iam, i~ a sum ~ppro.ed l~y the MOR1GnGtt. ~n tuth tanpany or co~np+~uef as ~hr IAORTGAGEE m~y ;
duKl; ~nd all lire ~nd Mr~nd?~urm imuror.ts {wi~c~ea on any of •a~d bv~id~n9t. •ny in~crotit the~eu~ o~ {:art thcrcul, in the ay~~•,~a~e ~um ~foresaid w
in •xua thereof, tMll contain the usval •~a~~dard mat9ryea Na~se or such o~l~er c~auie ati ths Mo~~yagaa may req~~re, ~~~~~~~y ~~~a fost unJer so~d po1N
c~c~, each and eve~y. pevabie to sa,d h10RiGAGEE ~s ~is u~t~reft n,ay •ppear, u~d each end every wch ~x,~,cy ~I~all tx promNtiy a» ynid and defiva~ed to '
•~y hald by s~~d A~ORiGAGcE es lu~~ha srcwity to ~a~J ~no+~goyr Jebt, and, not lesa Ihan ien (10) d~rs in ad.~nie ol the ex~~~rencx~ oi each policy, to dr
Gver tp said MORiGAGEE a re~lcwal thrrro~, to9Nher w~th e rrce~pt fo~ thr p~emwm o( t~ch ~e~~ewa~: e~~d el:cre sha~~ be ~w Lro o~ w~~~dstwm ini~ranc~
pl~ced on any ol sa~d bvitd~n~s, any mt~resl Ihcrem or pa~t thcrrot, unlrss in ~he for.n snd w~~?~ ~he ~os~ pay~Lle as aforeseid; a~d in the evenl any sum
of money beconus payabla ~ndN wch poticy w po~~ues s~~d MORIG~IGEE ~hall itivo ihn opt•on to rece~vo nnd ep~~ly riie sa~ne on accuu~il o! Ihe indabt~d ;
nes~ secured Mreby a?o permit s~id MORTGAGORS ~o recriva and usr it a eny pa~~ HK~..rif I.x -•.~,~e•.. ..~~1~wt ~h_ u~ .r..,.~ +7 cr ~~~~;>o~r• #
i~y any equify, lien p ~iyht undc~ a by vi~tue of this mo:'yaye; a~d in ~ht evem sa:d MORiGAGORS~she!I tor,any ~eaaon 1ai1 ~o kcep the sa~d premisrt a0 ~
infured. or fail ro deliver praxnptly any of said poGcirs of iniurencr to sa~d MORIGAGEE. or fad pron,ptiy lo pay F~ily any prrr~,~~m ~herefor o~ in a~y
r~i~xtt lail ro ps~lwm, d.;:ha~ye, eaecuta, e~~ec1, con~ple~.r. ca~~ply wi~h and ab~de by Ih1s cuvena~~, w any pa~~ hereol, sa~d MGRIGAGEt may plate •~d i
paY fa s~~ch irquranc~ or ~ny part Ihrrco( vr~thout waivi~y a atfecli~iq any option. li~n, equ:ty. or n~ht unJcr o~ by vinw of this Ma?gaye. ~nd tht
f~ll unovM o( e~ch ar~d e~e~y svch paymenl ~hall be nnoicJ~atcly due and payablo a~~d shall bra~ intcrrst from tho date thercof until poid at the ra1~ ol ~
n~ne yer tentum ptr annw~~ and !o]rlher w~~h s~,cl~ i~~~e~vst aFwli be i~~:urcd by thc ben o1 th~s n,oreyage.
To p~rmit, tommit or lufle? no wefle, impsirmenl a dc~cr~or.rtion ol sa~J property or any part thrreof.
S. To psy all and sinqut~r ?he costs, charpes aod expeoies, indud~ng a reasonable aftanry's fre and costs uf abstracts of ti~Ie, i~cu~~ed o~ pa~d at
any time by seid MORTGAG:E, because or in the evant of Iha fa~lurc on ~Fu p+~~ of ~he s~id MORfGAGOR to dufy, prat~ptty and fully pr~lwm, d~xharqa.
execute, e(ieU, canptx~e, co+»ply wah a~x! ~b,de by each and r.<<y dro sflp~:a~~ons. agreemen~s, cor.ditions, end cove~~anfs ol sa~d pronutsory ~ote and ~hh
.i~asga9e any o~ e~~her, and sa:d costs, cha~ges and expenses, each anJ rveey~. sha~l lH: ii~~mi•J~ntrly dur and payab:~: wh•_rher a no~ ~ho~e be no~~ce d7
ma~.d, attemp~ ~o caiect or s~~it pe~~d~ng: and the full a~novm oi each a~xl every svch payment sha!I bear in~~~reat h~m the date thereot uetil paid d the
rate pl ninr per ~~nt~m prr a~i~+u:n; o~~~ ell saiJ custs, cha~g~s a~~d r~~n~ues inturtrd or pa~d, loc~rdkr w~th w~h u~~e~vst, sha~l bt securetl by the I~en o1 thii
rrwrtyp~.
6. That (a io ~he event o( any b~each ot this Mortgage or defeult on the pa.t o1 t!~c ti!URTGAGOR. or ;b) in the evcnt any oi sa:d wms of mo~ey
herein refcrred to be not pro+nptly and f~lly pa~d w~thin th.rty i30) d~r3 .!+¦t a~n~r IF.c a.~~ne sewcra:ly Fmco~-~e d~e and payabte, wiAn~uT demand o? notice,
or (d ie the event each •nd erery thr anputat~ona, agreements, condmo+~s and mvenents ot i.id +:~om~sw~y note and ~h.t mc>~Igage any w e~ther a~e not
~uly, prornptly end Ivliy performed, d,schs~grd. eaecuted, etfectrd, completcd, comp6ed with and ab~d~•d Sy, the~ in e~ther or any such event the sa~d ~g
gregate sum mer~t~oned en seid proniiasorY note thrn re~na~~u~~g unpaid, w~~h interrzt acuurJ. ~~~d ~~I ~no,~eys sec~red hereby, shoii beco.~ie due and pay
able fw~hwith, o~ ~hereafrer, at the opno~ ot said NtORiGAvEE, as fully a~d complc~ely as it ati• uf d~c s.e~d w~na ol n~.,.~e~ we~e or~g~naily tGpulatrd
te be pe:d on s~ch dsy, enyth~ng in sa.d prom~asory note or m this Mortgage to ~he coriua.y nor,v~:hs~~•~d:.ig; r.~~d thrreu~wn w the~enhe. a1 ?he er'•^^ ^F
sa:d MORTGAGEE, w~thout noT~ce a demand, su~t at law o+ in eq~~ty, the~eforo w therratrer bcyvn, msy ~e prosecw~d aa if all mo~eys secured hereby
nad matured pr~or lo ~ts ~nst~t~nun.
7. Thet in tha rvent ~ha+ at the brginn;ng o1 or at any t~me pend~~~g any su~t ~po~ ~~~~s Motrgage, o~ to fweclose it, or to reiorm it, or ro enfo~c~
paymeN ot any cia~~ns Ar~e~~nlcr, said A10RTG~IGEE shall app!y lo the Co~rt hawng ~u~~sd ct~pn tl.creof lor the aE•No~nhnent of a Receiver, fuch Court shell
to~rhwi~h ap~~n1 a rece~~rr of sa~d mortgagcd propc~ly a!I and anx~ular, l~ict~d.ng at~ and s~~~g~'~ar ~i:e ~ncu~~~e, p+ohts, iasues and revenues hom whatever
sou-ce derived. rach a~d every of wh~ch, ~1 bein9 expressiy ~nde~stood, i~ hrrrLy morrgag.~d as ~f s~:ec:~~cai:y se~ fo«h anJ dexrib~d ~n the 9raoting and
habencl~m cia~ses her~•of, and such Rece~Y~r :ha~l have all the br;;ad and el(ecrive (u~x+.ens erd pon°is ~n anyw~se entws~ed by a Cou•t.to a Receiver, and
r.ch appointme~n shaU Ce made by such Court as an adminrd eq~ity and a maner cf at;io~utr r~9ht to sa~d AtJRTGAGEE, a.~d w~tl,~ut reference to the
adequacy or ined~~~~acy of the wiue oi the property mo~~gaged o: to the so.Y~~~~rr cr uuo~.•rncy oi sa~d MOR~GAGOR o~ ~he defc~~dents, and rhat such
ren!s, profits, inco~ne, ~ssucs and revenues shall be app+ird by such Recu~ver eicoro~ng to ~he ~~en or rqu~ty o1 se~d MORiGAGEE and the pracnce of such
~ourt.
8. To duly, pror»ptly and ful!y perfo~m, discharge, execute, eftecf, co~*+p?e~e, comply wi~h and ab~de by each and every Ihe atipu!a?ions, agreements,
condi•ions and covenanb m sa~d promissory note and this mortgage snt forth.
9. That in fhe event the owncrship of the mortgagcd prem~ses, or any part thcreof, L-ecomes vested in s pe~son othcr than the MORTGAGOR, the
h10RTl,AGEE, irs successo~s and ass~gns, may, w~~hout no+~ce to the A10RTGAOR, deat v.~~h such s~cceasor or sutcessor ~n interrar w~th refe~e~ce to this
r*,o~fgege and the deu~ 1~ereby 4KWfd in the same ma~~ner as w~sh L1orr~ago. wnhout in any way vi~:a~ing o~ d~scharg~ng the l~lorfgagori Iiability herr
~nder p uFwn she de~4 he~eby secured. No sale of the Fremises hereby rnortgagrd ancf no 1o~bearance on the part o~ the /11pRiGi,GEE o~ its s~tcessors
o~ ass~g~s and *:o e~rrns;on of rhe t~me fot the p~ynunt uf tne debr hr•~6y secu.ed g~ven 6y the AtORTGAGEE or its successors o~ au gns, a~.all operate
ro ~e~ease, d~scharge, mcd~ty change o~ aflect thc or~g~nal Gab.;~ry of the NIQR(GAGOR here~n, e~ther in whoie er in part.
10. h is spec~fic~liy aoreed rhat time ~s of the esseRCe of th~s connact and that no waiver of any ob';gat.on hereunder or of Ihe obligation sr
cvred hereby shai~ at any Ame thcreafter be held to be a waiver ol the trrms hereof or ot the inst~~ment secufed harby.
11. 1~ ,s:id t'o.~ to tF:e to~e3c ~~7 ~•-o^.rh'y pry~~ents ef pr;ac ;~~i and ~~te~es! requ~red by the p*om sscrr r:ae sccvrz~ hec~b~, mort~a3or eovenants
e•~d agrees to pay to +-~o:fga9ee ~nh rath r. on'hly pay~.~tnt an add ~~onal sum ..~s' ~ a~ed b~ mo•!gigce to be eyvv~ to 1 l2 0! t::~ ~nnual tost of the foUOw-
ny: .
A-Ail rea~ prooer:y !aa;s ie~nc~ o• assessrd ag:i•,s: thc above desr.~b^d ral estate.
B-F+.•~ v-~s on fue~ and ti.~~dsTC •n ,ns~ra*~ce as he:r~n ~equ:r•~d to be ca~nf-d en the <<~, rovements s:+uate en th: above descr~l;ed premises.
C-Prrmiu..+s o~ such n:o:fg.+ge guaranty irsura.:ce as mo•~gagee sh~(f from i me ~o s~~ne deer~~ fit to carry on the loan secured hereby.
Mortgagec i'+.~' t-cm t~ ~:e to l:~~~c ~zotify mcr~yagor ~n ,ivrit~ng of the a~:~ov~t d~c and peyat,le herrundar and s..th su-+j iha!1 therc~pon be due and
; a~able o~ rhe d~e da~e of ~h~ nea~ •~tio~th.l parme~N and e~ch wcceas~ve ~ o^.rF. tne~e~+fr~r ur.i~i mcrrgagee shall not~fy morfgagor of a change in such
[ j- ~~nt. Such w~ns s~ ~~e acp ied by mortgagee toxard the payment of rea! property texes, ins~rante prem;~ms, and mortgage guaranty insurance
i e'PmiymS.
IN Y11TNf~c '.tiHcQ~: '+ne sa~d MORTGAGOR has hereunto xt his hard and seai the day and yea ~nt afor i.
!
! 5gned, Sea' a~d de:ivertd in tfie p~esence of: ,
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~ - -m-~-` ~ e . owey ts~~
~ - .lU . Seaq
~ STATE OP f~ 0~1~0 ~ ~V~T _
~ - ss. tE
COUNTY Of ~ I
~ s~ra~ ~ a..«~n„ :~a«e = Danfel w .~d
Kathleen D~ Z his ~r,ritc, to me well known and known to n+e to be
~ the ind:vid~al! 7ht~ in Md who executed the foregoing instrument, and atkrwwledged before me that they e:ecuted the samr (or the purposes
~ ~?,~n:? ~ ~+~.~a Ksthleen D. 2owe~
~.rR• r s~t;: Daniel J. ToweY _ , u~•.,~ ,~a P.~~.+.
~ ~ -
ex~1n` ' ~~14. and aca.t from F~er sa~d husbartd. atknow~edged to and before me that she executed said i~strument freety and voJuo-
~ ~s~i:~ti~ tb'~s~y1s Fonsrrain?, apprehens,on, o? fear of or f~om her sa~d hustwnd.
~ _ ~ . - • ! : ~ .t+C, Ma
; ~ ~v~it'iMl ~eal this_ - - _ day of-_--- A. D. 19~_
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t- Notary Publ~c in a/e ~or the Stat~ of at lary~
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~~s~~',.~~''~~~~= My Comm~sfion lIIPiIlS: ~
~ " . ROSEMARY MUNIZA~ Notary
fin~~ s~ Ioan Assoc~at.on Oh~Q
~ q Lake County, 3
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~FOA P:~.ce 1~ OO~IIIIIStbfl lx0~fl3 ~~l ~
~ •I ~Oet :Pierte. F:,;rida
~ ~~~EO ANO RECOROE~
~ gT.lUC1E COUNTY FL •
~ ROCER P01TRAi
~ This Instrument P~epared By Ricliard K. Kayes CIERR CttiCUlT C
~ First Federal Savings 6 Loan AssoLiation RECOR~ VEAIFIED
~ of Fo~t Pierce~ FlOZidd ~ 3 So PN
~ Checked By ~1~ - - - - J{I11
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eooK y2 210151
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