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3. •To plac~ and conr~nuousiy krap on ~h~ bu~:d~nfl~ +ww a Mr~aher utu~~~ on ~a~~ land and on e~t cqu~p::+~m ord pc~sona~~y cove~ed by 1hi~ mprtg-
a~~. N:tA ~ll prem~wns ihrreo~ pa.d ~n fvll, fuc ~~i~~r~nca ~n ~he ~~ual atendard po'ic~r (orm, in a ~v,n ayy~ovrd b~r tiHt AtuR;I,:.GFE. •nd w~ndstam
~ns~r~nca in the us~al s~mda~J yol.ty tam, ~o a?vm appioved by ~ht MORiGAGEE. in u•cA canp~ny or comi~~n~es as ~I.e MORTGAGEE may
d~rect; and all f~re ard w~ndsro~m ~ns~r~nce potK~es on eny of sa~d buiid~~gs, uiy inte:rtt ~FKre~n ar pa~t th«rcwi, in the agg~._gaie sum afo.e~aic~ o~
eacr.s ~Aereof, s'wH :<x,ra;~ rhe ~s~ai st~~~~aid ~naegsgae c~auae a such othe~ cle.,sc~ ~s the Ma~yeyee mey requ~re, ma?~ng t1~e ios~ undr sa+d polf
c~es, each and evrry, pay~b!e b se~d 71~JRiGAGEE as ~IS ~nterrit mey apptar, snd each ~nd eve~Y such ~~.cy s~~all tx p~wryHy assynrd a~.d dr~~ve~ed to
•ny he{d br ssid hb)R:Gt.: if ~s f~nhe~ secu~nv ~o se,J n,ortgege drbt. and. not teu ~han trn 110) d.,ys ~n ad..?nce o( thr esp~rana~ oi each poi;q. to dv-
t~ver to sa~d A10QiG..GEE a ra~rv.at ft,errof, togc~her v.~~h s rece~pt fw the p?e~n~um o) such ~enewat; a„d lhcro--shdj~ (x ~w f,re o. w~~~da~orm i~sw~nc~
pleceti p~ ~ny of sa+d tw~id~ngs, any int~ves~ there~n or part thereof, un:ess in ~he (orm and wuh the lust payeble as aforcssid; and i~ rhe eveot any ium '
oi naneY ~a*~s payaCle vr~drs sa,ch pol:cy w poi~cies said MORiGAGEE shall have ~he ope~en +o recei.e end epy~y thti sa,ne on accou~i~ ol the indebtad-
~ess secvr~d hartby w ro pcrm~t saed MORiGAGORS ro receivs and use il p~any part thr:rut lor onn•r Hur~ ;.s.~s. ..~~~••.ut fh u, w.,:~~ y or ~~~,p,s,r- .
ing ~n~ eqv~ty. I.en w~~gM ~ndrr x by vi~tue of t~is mo:'yagc; and in rhe evertt wd A10RIGAGORS ahall tor any rc.+son tail lo krep ~h~ ta~d prem~us so
~ns~~ed, or fail to del~.e. p~wnpdy any ol said pol,cias ot ~~surance to sa~d MORTGAGEE, a fa,l promptty ~o pey tu~ty any pre .u~m the.efor a in any
respec? fait ~o pa(orm, d~scharge, exec~tr, elFetb con,plete, comply with and abide by th~s coven~nt, a ~ny p,~rt hercof, se~d MORIGAGEF inay piace •~~d
paY fw such insvrance w any par~ the~cof w~thou~ waiving a a(fecting ~ny opt~on, lien, ~~u~ry, or nght unJe. or by v~~tue ol fh~s Mwrgage. and ihe
fuu s~rw~,nt of each ~nd e~ery such pdymrM sh~ll be ~m~ncd~~tely dve and payable ~nd shall bea~ ineerrst from tF~e dete thercof u~~~fl pa~d at ~hs ut~ of
n~r:e per <rmo~-~ per annom end t~~.•rf~c~ wirh such irltCreff fhele be srcwed by ~hs lien o1 this mor~gegr.
1. To perrteit, canm~t a suNe~ no waste, impa~rmrnt or de~er;wat~on of sa~d prope~ty or any part ~herrof.
• 5. To p+y s~l and aingutar ~he costs, clurges and expenaes, including a reasonable at~wner"s fce and cos~• of ebs~rac~s of t~tle, incurred or pa~d a~
o..~ tine by aa~d MORIGAGEE, beca~se w~n rhe eve~~ 01 the fa~lwe on the part of ~he sa~d 1kORiGAGpR eo d~ly, p~o~npUy and fully periwm, d~xha*ga.
e~ecuts, etfect, canptete, co•nc,!y w~eh and ab:de by each a.wi every rAe sripvlar~on~, agrce~a:~ts, cond~~~a~s, and covenaros u( se~d pra~:~sso.y ~~ote a.+d ~h:~
:»wtgsge any a e~~her, and sa:d coses, charges and exprnses, each snd e~ery, shaq be ;mmrd~ately due and pa~ab~a whC~her or nut fh+re be nor;ce da
~~arn~, atte~.~pt ro co:~cd or svit paxi.ry; and the (utt amou~t oi eacA and every wcA paymeot shall lxa. inrrresr i.o.n ~he dar~ rhareof until piid ~t rhe ~
r.~TP O~ ~~uk' f Cr~ttum ~
pe y~r an~w•,~; and at1 smd costs, charges and ea~ses inturral or peid, toget{xr w.~h.auth mterrst, s}v~l be secwed by ~he i~e++ of th~s =
mortgaga •
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6. Th~r ia) in thr evcnt o; any breach of th~s Vbrrgage or defauit on ~he part o~ ~hc MORT(',aGOR, or ;b) ~n ~he eve~r any ol sa:d sums of money ~
he.ein refe,fe~ to be .~or 4ro,•~,~~!y i~d tvlly pa~d veirhin th~rty ~30) daya r+ext af~er ~he same severatiy becane due and pay~bie, wi~hout domand or nence,
cr (c) :n rhe event rach end car.y thr st~~v~arw~s, ag~eements, co~d~twn~ a~xi corena~~ts of sa.d prom,swry ~wtr and ~ha awr~gage any pr e~~her are nol
i~;y. promp~ly ~nJ /utiy performrd. d s<ha.grd. e~ccu~ed. eftect~d. comp;ered. tompbcd w~~h and ab~ded 5y. then ~n e,fher cv any such eve~f the said ag
~~~ate sum me.+t,w,ed ~n sa,d prannso~y nore thcn remaining u~~po~d, wi~h ~nterest att~ued, and e~l rtwnr~s setur¢~ hereby, shall become dve and pay-
abie ior~h,~,~rh, or tM.eafrer, ~he opr~on of said MORTGAGEE, as fully and compierety ss if aU o( rhe sa~d aums of money were or,gin~Uy st~pu:ated s
ro be pw:d o~ s~ch ds~, anytA;ng ;n sa.d pro:n~sswy note or in this AAwrgage to the con~~ary no~wahstand~:g; and ihereopon p 1}~CrPd~tel a~ ~he opi~on of ~
s~ d MORTGAGEE, w~rhaut noncr or demand, suit at law or in equiq, thcr~fore w tl~ereahcr ~jun, may be prosecurrt! as if all moneys secured hereby
r.,d matar~ed pr+or fo ns mal+tuira+~. f
~ 7. Ihat in the event fhat at tl,e ?~eginn:ng of ~ af any ti~ne pend~ng any su~t upon th~s Mo.~gage, w to fwectose it, pr to reform it, p? to enforce ~
_ c~vmen~ of a~y r~~•rs he~e~ndrr, sa~d MORiGAGEE s~al: eppty to the Covrt having ~ur~sd:c~~on thereof for the appo,ntment ef a Rece~ver, suth ~ourt shalt
lcrrnw;tA appo~nr ~.e;r~*rr of sa;d morrgegrd p~oor•ty a:l and singular, inclvd.ng a+l and si~gu+ar the inco~nh. prof.ts, issues and rcre~~cs I~om whatever
s: ~rce drnved. each a.^.d every of wh:ch, ~t tx~rig ex~ess!y unde~sfood. is he~rby mor~gaged as ~f spec~f,~a:ly set forth aod desc~~bed in the g.am:rx~ and
h3i~e~~dum clavsea l+e~eof, and wch Recri.er shall have atl ~he broad and ef(ecnve fvncr•w~s and povters in anyh•~se entwsted by a Cou~t to a Receiver, and
s. ci, appoin:menr shat~ pe madz by wch Court as an admi~t~ equity and a r.+atrer oi absotv~e t~ght ro said MORiGAGEE, a~d vr;~houl ~eference to the
r:!rauacy o~ inadeq.racy of ~Ae value of the prope~~y mwtgaged or to the so:veMy w msc:vency of sa~d MORfGAt',pR a t6e defendsnts, and ~hat such ~
rr-•rs, o~ofits, incorne, as~es and rcvenues snaii be spp',;~d by such Recrivr~ x:ord.ng to the lien or equity ol ~:d M4RTGAGEE a+~d the prxtice of such
Court. ~
8. To du!y, prompe,y an7! ivlly pe~form, d~scharge, execute, effec*, compiete, comply wi~h and ab~de by each and every the stipulations, agreements, ~
cond~tans and covrnarvs ss~d prom~ssory note and ~ha morrgage sr? fw~h.
9. lhat in rhr e.•e:,t r?.e owne.sh:p o1 the mortgaged prem,ses, w any part thereof, 6eco/nes vested in a person other than the MORiGAGOR, the
ti!pRTGAGEE, irs svcceswr: ar,d ass~gna, may, w~sho~t nut~ce to ~he MORIGAOR, dea! wnh such successar or successw ln ~nfer~s~ w~rh refereoce to ihis
~~c•~gage and the d_ba i,zrrby srcured in the same a~annrr as w;rh Nbrtqagor withoul in any way vit.ating or d~xharging the Martgaga~i liab~iity here-
~der or u~;on rhe debr RCfC~~y sec..*ed. No s~:e of the F•rem~ses h~reby mo.tgaged ar.d no fo~bea~an~e on ~he p5rt of the 1NORIGAGEE w it~ successws
o~ assigns and ~o e~tens~o~ ot the t~mr ior the paymenr of the debr hercby secvred glveo by the MpRTGAGE~ or irs successors or assigns, a:tiafl ope~are
~o release, d.uharge, m.od~fy ~hange w aHect the ong~~al Gab:6~y of the MARiGAGOR herein, either in whole or in pa~t_ • - ~
10. It is s~ctf;t~i;y aqreed tha~ time is of the essence of th~s coro:act and that no waive~ oF any ub';ga~~on hereunder or of the obligation sr
wrrd hereby :ha:, at eny ti~e therrafter ~ he:d to be a wa~ver ef the terms hertol p of tFK instroment secur¢c~ harby.
11. In ~~:i e c.-. nc~ iorey-e ~xg r.~o.+rh'y paymems of pnnc~pal and inerres~ requ~red by the prom:SSCry ro'e s~cured hereby, mortqa~ar Covlnanls
.~~~d ag.res to pay te ••~c•tgjgee ~~~!h each monrh'y pa~r.:ent an add~rional sum esr.=i~a~ed b~ mortg~ger to (x equa~ to l, 12 of the ann~al cost pf the fol{ow-
::,y: .
A-A!1 rca! Yrope~ty taaas le:~_~ or auess_d aga~ ~st tnc above desaibcd reat es!ate.
B-Fr:••-, ••s un f•re a+:d w,r.dstorm ~nswarce as nrre~rt r¢qv~red !o br tar:~ed on fhe :m;;rave~nents s:tuate on th~ above described premis~.
C-Pre:n~v~ s o~ s~•ch n-o•r~~ge gua-anry fnsura..ce as mortgagee sha!! from ~'me ~o u~oe deem fit to carry on the {oan secvred i~reby.
Mortgaqce sr•: n, t.~ :c ro t,:ne nct~f j m.ertyagar ;n wrinnq of the amowt d~e and payabk hereundar and such su~~ ahall ihe~e~pon be due and
•:=b'e en !h_ c~__• o~•-~ oi m~ ~,~•,f ~no~rh:l uavmen~ and each successive monrh thereafr~r ur.rif mo~rqagee sha!I nor:fy mongagw of a charge in sucb
r~oum. Sucn s~~rs sr.; E:e a~F~~~d by morrgagee toward the paymertt of real property taxes, inwrance prem.umi, a~id morigage guaranty insurance
t~'e'T:iumS. ~
IN V:tT~~E_= 4'.'Ht.'~•^' ~ e sa~d MORTGAGQR has l+erevoto set~his har.d and seal r:~e day and year 'r t afore~eid.
" 5~gned. 5ea! ~d de±- e ed i the presence /
~
~ ~~'fld~tt_ I1o~ d a lor
_ _ - p a
- QoLi~de Ts- lor o
SATE Of FLORIDA ~
~L. Lucie u- ~
COU'JTY OF
i
sefa.~ me pe.sona~,y ,p~ed.~d Lloyd Taylor ~
and }
(,'ZOt.11C~C T~lor his wife, to me well known and known to me to be #
rha ind~r~dwIS desu~bed in and who taecuted the fwegoing instrument, and atknowScdged be(ore me that they execured the same fw the purposes #
rherc~n expressed. And rhe sad___- _ v1~t~lde T•rlor ~i_'_
~.,r~ of ~+k ~a;a - - I1o ~ Ta lor ~ ;.,,~a, Y ~..~e ,.~d P.~,,.:.
e~dm~nsf~on by ~-,e takrn sepa•ate and ana.t from her sa~d husba~d, atknowledged to and before rne that she executed 'ssiddnatrumenft(4esly. ~nd voivn- ~
ro~~iy and w~rhovt any tOmpaiSiO'+. COnStrdint, aparehe~s.on, or~a~ of o~ from her said husb~rnd. ~
r
WITNE55 my hand and off;~;ei seat this_ LU _ day of - O_~E9_~._ ?
t. - i
Flotary Pub: c:n and for ~hc Stitc oPf.orida ~t l>r
My Comm~ssion expires: ~ .
Rctum io: . •
Firit federsl Sav~ags 6 loan Auo~~at:on ~+ry=T . ~ ~ " . ~ , < e . ~5'
~ t.: _ ~ ~ _ ~ ..-M. T. sS7t, 1~ -
, ~
O~ a, cr a.:. ..l D~. ~IIO~i171.~.'.'. ~
for~ D.-•::e F ;...d~
2122Ei i
Th~s Instrument Prepared By R1Cha~ 3 Y.. Ka,yes f~~[0 kNQpy~~~~, ;
First Federal Sav~ngs b loan Assaciation St.~~~'L~ ~TRA
of Fort P~erce~ ;
lor:d, ~~~~~R~1 C~t
C~f
~K~?ER1f IEO
Checked By - RECOi~O 9 ~
- eooK193 ,wt.13 3 S :
_ 284i ~
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