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To plx~ and conN~ua,slr keep on tM bu~:d~nys now a he~saf~N s~+wr~ on sa~d I~~.d and c~n J! :quipmem a~~~
se..aUy cove~cd by lhis mar~
•ge, with all p~em~um~ ~hrreon pa.d m fvll, f~re insurance ~o tM ~wd sta~ulard policy form, in a s~.~n ~p~xovc~. b~ tha M~R~GAGEE, a~d w~~+dstwm
~nsu~ance in ~Ae uscti' s~+ndard pol,cy fam, in a sum ~pp+oy~d by iMe MORTGAGEE, in sucl. ca~pa~y o~ canpan~es as ~be A~ORTGAGEE m~y
d~rect: snd all fir~ and--w~rxls~orm inswarxe po~K~es a~ +~y of wd bu~~d.n~s, a~y iroerQSt shcre~n or pa~e the~co(. in tF+e r99~eya~e s:,m afw~i+~d w
In excess ~hrrsol, sMll ca+rain +he usual sta~~drrd mw~gsge~ claus~ w.u~h othe• clavse ai ~M ldo.t~agee may requ.re. making u~e ioss unde~ sa:d Yo~i~
c~es, each ar+J erc.Y. payabte ro su~d JNORfGAGEE as ~ts in~eres~ may appe+~. a~d cach a~x! evr~y s~ch po'ty sFwll kx prompfly a~sgned ~~x! det~vered ~o
•ny hsld by sa~d MORiGAGEE as rui~her iet~~ify f0 fsid morl9ag~ deb~, and. oot kss tFw~+ ten (10) days in ad+an<e of the erp~~at~on oi each po~icy, to de-
liver to ap:d h~ORiGAGEE a re.k•~.•! thercof, ~o ~ethe~ with a ~Ke+pt ia tMe pr~mium oi suth ~enewal; a~d ~hrre s~eU i,e ~w f.re or w~~.ds~wm inw~anc~
pl~ced on a~+y of sa:d b~,iid~~g~, any ~nieresl th +re:n or put thereoF, unleu i~ the form ~r,d w~+h ~he bss payabte as afcue?a~d; and in the e~a?t +ny tum
of naney becomes payable u~de~ such policy or pol~cies iaid MOStTGAGEE ahall haw the op~~on to reca~~e a~~d apyly ~he sanx o+~ accwnt ot the i~deoted- :
ness secur~d hereby a b pe~m~t sa~d MORTGAGORS ~o rece~v~ and us~ il o~ any pa~t tl~r:eot fur o:n~•r H~r~~oars. .•.anu.,t ~h:•~u. wa~~~.~3 c~ ~~nW~•. ~
~rg any equ~ty, lien o~ ~ght ~ncle~ or by vi~tue of th:s mo:~yaye; and io ~ht eve+u sa~d MORTGAGORS sha'1 !a an~ reason (sil to keep ~he sa~d p~em~~es so }
insvred, o~ fail b dt~~vr ptanpt(y ~~y oF said po~~ues of insurance fo said MORTGAGEE, or fa~i promptly to pay fu:ly any prr~~~wm therrfw a in a~Y ~
res~ed tail ~o pNforny d~scha~ge, eaccufe, e~tect, camplere, comply wi~h aM! abide by this covenaM, a~~~y P+r~ hrreoi, aa~d MORiGAGEE may p~ace +~~d
pay fo~ such insurenct w~ny pa.~ the~eof w~~hout waivinp w ~((ac~inp any optan. lien, equ~ty. w r:gM un:ia w by v~rtue of ~A:s Mongage. and the i
t~ll a~nount o! each and e.ery such paymaro sha11 be im.nediatety dw and payable and s~+all brar intmest Irom tfie date thereo4 w~ril pa~d a~ the raq ol j
n~ne per cen~um per AOOUeT d~1tl tJ~e~F~lf with such i~~t~rQa~ shali be srcured by the lien of tbis mwtgage. ~
s
To pe+mit, commit ot su(ler oo waste. impairmeN o~ deteraratan of said ptope+ty or ~ny patf Ihe~eof. -t
5. To pay all and singu;u the costs, chargcs and ex~ses. ~r+dud~~y a reasonablr anorneY's (ee a~d cous of abstractt of t~Ne, incurrcd w paid at 1
e~y tane by sa~dMORTGAGfE, becruse a in the event of the fa~lure on ~he par~ of 1hs ssid MORfGAGOR ro du~y, p.«nptly and fu~ly prrform, d~scha~ge.
rxetute, elfett, complete, con~ply w~th and ab;de by each and eve~y ~he st~p~tat~ons, sgrermeme, co~+d~~~ons. +nd covenan~s oi sa~d p~omiswry note and ~his
mortgage any o~ enher, and sa:d cos~s, charqes and eapenses, each and evay, sMll be immediatr1y dve and paYeb!e; whe~her o~ not ~here be noiKe d~
mand. atttmpt to collM p suirpe~xl.ng; and the ful! mnount of tach and every svth payment shall bea~ intc~.e:~ (rom ~he date thercol until paid at the
..,re o+ n~ne per ca~tvm pr• an~~..~n; a~x: all sa:d cosn. charges and eaprnses incurred a pa~d. ~ogether w~th s~ch ~nte~ast, shall be secured by the I~en of th.s
ma tpage. -
Q That (a? in the evcM of rny breacfi of this Mortgaye or default on the part oi the MORTGAGOR, a~b) in the eveni a~y o( sa:d fu~s of money
herein refarred to be nol pt•~mptty and (u~~y pa~d w~thin thsrty (30) days next after the same uvera:ty becanr due and payable, w~~hov~ demand o? notke.
or (c) in thr event each and evr~y ~Ix snpu'at~ons, agrecments, condaia.s and coven~nts of sa.d pranisw~y note a+~cl ih~s nartgage any o~ eithe~ are nof
iu1y, promptly anc~ fulty perfwrned, d,xharged, e:ec~~ed. effecred. comptered, canp~~ed wiih and at~ded Sy, ~hen in e~~her o~ any such erem ~he aa~d a~
gregate sum menr~o~xd in sa~d promisswy note then rema~~ing unpa~d, with in~erest accrued, and aIl moneYS secured hereby, shall become due and p+y~ j
ab:e forN.with, w thereaf~er, at ~he op~ion of said M08iGAGEE, as fully ard comp~ete~y as-if all ot the sa~d sums of money wcre wginally s~~pulated
+o Fx pa~d on such day. anything io sa d promissory note or in ~hi~ Mp~gage to the contrary notw~~hstand~.g; a~~d thereupon a thereaf~r al th~ opt~or? of
sa:d MORTGAGEf. ~n~th.ut not~ce w demand, suit at law a in equ~ty, theretwt or ~tKreat~cr begun, may be ~xosecuted as ii all moneys secured hereby ~
n~d mawred pr~w ~o ~ts ins~~t~rwn. ,
7. TF.at in the event that at the beginning o( or at any time pending any su~t upon this Mortgage, w to torectose it, a to ~efwm it, w fo enforp
payment of any ciaims hereu~de~, said A:ORiGAGEE shalt appty to the Cou?~ having ~vrnd:ction thereol fw the appo~ntment of ~ Recel~e~, such Cour1 shall
forshwith appo+~t a rHlrvH oF sa~d mortgagad prooeriy all and singutar, ir+ctud~ng aIl and s~~gu~ar~rt~e :ncome, proi~ts, issues and revenves from whaterer
source dr~ivtd, each a~+d every of wh:ch. ~t be~ng expressly unden~ood. ia hereby mo~tgaged as if s~ec"l~calty set iath and desu~bed in the granting and
habendum ciavses hereof, and s~ch Receiver shali have all the b~oad and eflecrive funce.ans anu powers in anyw~se emrusred_~y a Co~rt ~o a Receive~. and
r.ih appointme~,~ shalt be made Sy such Court as an admitted equ~ty and a matter of absot~~e ngM to sa+d MORTGAGEE, and without reference to ths
adequzcy w inadeqvacy of the valve oI'tlle p~xrty mo~tgaged or to the so~vency or insoivency of sa~d MORTGAGOR w ~he del~ndants, and that such
ren~s, proi~ls, e~co~~e, issves a~.d reven„es sha~: be appiied ty such Receiver ac:crduig io ~ht '~eri or equ~ty o( said MORTGAGEE and the pract~ce of such
Court. - "
8. To du1y, p~omptly snd fully perfwm, discharge, execute, effect, complete, comply .w~th ~nd abide by each and every the slipulations, sgreements, ~
cond~t:ons and covenanes sa~d pr~m~sswy nore and thes mortgage set fonh.
9. That i~ the event the owrxrsh~p of the mortgaged p~em~ses, w any part thereoF, becomes vested in a person other thsn tF~e MORTGAGOR, the
A!ORTGAGEf, its iuccessors and ass~gns, may, wifhout notice to the MORTGAOR, deal wi~h such successw a successor in interesi wirh relerence to this
mo«qage and rhe deb~ hereby secured in rhe same manner as with hbrtgago. w~~hovt in a~y way vit~atirg w d~scharg:ng the Mwrgagors' liability IKre-
~ndcr or vpor+ the debt hereLy secured. No sate oi the Frem~ses hereby ~nwtgaged and no (orbearance on the part of the IJ10RiGAGEE or its successors
or asslgrn and no ex~e~s~on o1 ~he rime fw the payment ot the debt her~by secured given by ~he MORTGAGEE or its successors w au:gns, ahall optrate i
to release, d~scharge, modify change w affM the orig~nal liab~l~ty of ~he MORTGAGOR herein, either in whole a in part_
10. It is specif~cally ag.eed rhat time is oi the essence o~ this contract and that no waiver of any obt~gat~on hereunder o~ of the obl'gation sr
c~red tnereby shal, at any rime ~hereafter be held to be a waiver of the terms he+eof or of Ihe instrumeat secured herby_ -
11. In add t:o~ !o tFe forego ~•q monthly paym^nfs of princ pai and interest requ~red by the prom~ssory ~ote secvred hereby, mortgagw covenants
a~d agrees to pay fo n:u•rgagee v~ith each momhly payr: ent an add+~ional sum esrm~a~ed by mo~tgagee to be eq~ai to 1;' 12 oi the annual cosr of the follovv-
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A-AR rea~ prope.:y iaars le~ncd er assessed agai .st the above described real estafe.
B-Fr~^.:.,~rs on i,re and windsto~m ~ns~ra~.ce as here:n requ~red to be can~ed on the ~mproreme~ts srtvate o~ the above desvibed premises_
C-Pre~^~u^ s o~ such mon~3ge gua.anty ir.su.ar,~e as mortgagee shall from t:me to ti~ne deem fit to carry on the loan secured hereby,
Mortgagec s~a= 'rc:n t~-~e to r~~~e ncrify mortyagor in writ~ng of the a.nou~t dve and payable hereundrr and wch s~rn shal! therevpon be due and
c~;rabie on s!,e ct.,e aa~e o{ ~h~ nenr rttomh:y payment and each successive mo~th thereeft~r ~r.tit mortgagee shafl not~fy mortgagor of a charge in such
a=•ount $vch su ns s! ue ap, '~ed by mortgaq~e toward the paymem of real property taaes, insorance prem:ums, and mortgage gua~anty insurante
p•emiums-
IN ~'~ITt~~ES~ '.'.'H;F_O~ she sa~d MORTGAGOR has her~unro set his hand and seal the day and year first atwesai.~.
Signed, Sea!ed ar de!ive in hq presente of:
~n
c5e,q
~n
- :
~ ~seaq ~
_ ;
. i
S~ATE OF FIORIDA ~
~ouNn oF ~t . Luc ie ~ ~ ~
Be4we me personatly appeared Lloyd Tayl~r ~nd
~'ilOt2~t1@ C. Ta;~lor his wite, to me well known and krrown to me to be
r~,e ind~~idwis descr~bed in a.~d who executed the foregoirg inarrurtront ,~,d scknowl~ged before me that they executed the same iw the purposes
rherein expressed. And the sa~d Cl-o~ilde F. .aylor
+~~fe oi the ~~a _ Llo;~d Ta3'IOI' upon a separate and priwt~
eram~nat~en by me ta4en :e.~arate and apart (rom her said husband, acknowledged to snd before me that sfie executed said instrument freety snd vo!un-
~ar~ly ar.d w~thovt any cornpu:s~on, tonstra~nt, apprehe~s~on, w eu of o~ from her swid husband.
W{TNESS my hand and offNal scal this_ ~ day of JuZy . o• 19
=-t= - '
Nolary~ubiic in and (or the SH16~C~ ~orj~3 M~lup~ y~~~'~~
My Comm~ssion eaPi~es: - -
~ ~S. ~ ,
Retv'n io: . . . - i ~ ~
First Fedcr~l Sa.i i b loan Asmiat:on _
94 F~t P..c.. _ , _ ~-~/~r~t~ - • .n ~ ~
i•. ,
fo~t P~.rce. Fi.,na~ ` ~ _ ~ : i . _
FIlEO At10 RECpROED ~ ti.;~ ~
=T. WCIE COUMTY fLA. ' j
- CIEIlKCC RCUIT OOURT I ~
This Instrument Prepared By J. D." ~hastain ~ECORGYERlfI£0.,~,~~ ~
First Federal Savings d~ loan Association '
of Fort Pierce ~ s~lorida Ju~ I 3 3 s~ PM f ~L,.L~ s
Checked BY . _ ~
- a~19~3 283? g
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