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3. To pix~ and continuou~ly keep on the bui!dings now o~ hereafter ~ituata on said land and on aii equ~pment and persona~~y covrred by ~hii mwtg-
sgs, with ail premfumt fhereon pa~d in fuN, fi?e insu~ance ~n ihr usual ua~~ard poficy forrn, in a wm approved by the MOR~vAGEE, a~d w~ndstorm
i~sura~tr in the usual standa~d poGcy form, in ~ sum approvcd by the lNORTGAGEE, in such tanpany or companies as ~he htORLGAGEE may
direct: and all fi~e aod windstorm i~surance policrcs• on a~y of sa~d build~ngs, any infera?1 thercin or parl thereol, in the agg~ega~e sum aloresaid o~
in excess thereof, ihsll con~ain the usual standard matgagee dause or auch olher clause as Ihe Ma!gegee may reQwrs, mahin9 the loas under sa~d poli-
cies, e~ch and eve~y, payab~e to ssid MORTGAGEE a~ il~ imereit may appea?, aod each and every such por;cy sheil be promp:ly ass flned and del~v¢red ~o
any held by uid MORiGAGFE a~ lurtha? secvrity ?o said mw~gage deb~, a~d, not Ies~ lhan ten (10) days in adva+~ce of the expiration of each policy, to dr
Gve~ lo said 7~10RTGAGEE a renewal thereof, toge~her with a rece~p~ fpr the premwm of such renewal; and ~here sHall br no f~re or wu+dstmm insuronce
placed on ~ny of said kwild~ngs, sny inlerest therein o~ parl thereof, ~nles~ in the fonn and wi~h Ihe toas payable as ato~esaid; a~d in ~he even~ any •~m !
of money pecomes payable uoder such policy w policies wid MORTGAGEE shall haye the opt.on to reteive and appiy the same a~ accounl of ~he indab~rd- ~
ness iecored heraby o? ?O pMmit faid MORIGAGORS f0 reteive end use it p any part th~~eof for o:n~r pu~fws~~s. v.~~h;..:l th;r.u, x.:~vi ~J .r ~mpa~r-
~ng any eqv~ty, lien p right under or by vi?tue of this moztgage; and in ~he event sa~d MORTGAGORS shall 'o~ any rcason fa~l to keep the sa;d p.qm~ics so ~
~~sured, O~ fail to dt~iver p~Omptly any of said polities o4 iniurante lo said MORTGACvEE, or fad promptiy to pay fv:ly any prt•~~~vm thcrclor or in any
respett fait to perfwm, discharge, execute, effecl, comptete, comply with ared abide by ~his cove~ant, os any part hareof, said MGRSGAG~E may plate a~.d
pay iw such inwrance or sny parf thareof without waiviny or ef(ectiog any opNon, lien, equny, or r~gh~ unde~ w by vi~tue of thls Matgage, end the E
full amount of e~ch and every svch p~ymem shsll be immedialefy dua and payabte and shall bcar i~ter~•s'r trom tho da~e thereof until peid a~ the rate ol
mne pe~ cen?um pe~ annum and tc~~e~he~ with such iroe~est aholl be sec~red by the Gen o( this mortgege. ~
To permit, commit or suffer no waste, impai~ment w deterioration of said property or any part thereof.
5. To pay all and tingulsr the costs, charges ~nd ex{xnse:, includ~ng a reasonablr at~pney's fee and cosrs oi abstracts ot ritle. ~ncur~ed or pa~d a~
any time by said MORTGAGfE, because w in 1he evtro of ihe faiiure on thr part of the said MORIGAGOR to du1y, pron+pNy and fuiiy pc~fo~m, d~acharge.
esecute, effeu, complete, tomply wAh and ab~de by each snd every the stipulauons, agreements, cond~tians, and cove:~ams oi s~~d pro:*~;:sory ~~ote and ih~s
rnor~gage any or ei~her, and sa+d costs, tharges and expenses, each artd every, shall be immrdiatety due and payab'e; whether or nor rhe•e be nohce d~
mand, attempt to colJecf or tuit pending; and the full amoun! of each and every s~ch payment ~ha~l bea. inferest from ihe daie the~eot until paid at the ~
rare o~ nine per ce~tum per annum; and all said costs, charges and expe~~ses incur~ed w pa~d, togr~her ~r.th wch ime+est, shall be srcured by the i~an of th~f
mortgags.
6. Tha1 (aI in the evMt of a~y breach oE this Mortgage o+ defaul? on the part of the 1AORiGAGOR, o~ ~b) ~n the event any of sa'd sums of money
herein re(erred to be not promptly end fully paid within th~rty 4301 days next atter the sa~ne seve+a'iy beco~ne d~e and payable, witFwui demand or ootice,
or in the event each and every the stipula~ions, agrcemeros, co~disions and covenanrs of sa,d prom:ssory no'e and :},,s mortgage a~y w nther aro no1
~uly, prompdy and fulty perfo~med, d~schargrd, executed, eifected, completed, complied w~sh and ab~ded Sy, then in eaher or any such event ~he aa~d ag
gregate sum memianed i~ said {xomiuory note lhen remaining unpa~d, with intere,t ac:~ued, and att moncys secured hereby, shail bewme due and pay-
abte forthwith, w thereafter, at ths option of said MORTGAGEE, aa fully and completely as if a~l of sa.d su~ns of money were a~9mafly st~pu.ated
to 6e paid on such day, anything in ss~d prpmissory oote w in this Mortgaga to the conr.ary no~.~~thita«d~ng; a~~d the~eupen or therea~ter at the opt~on of
sa;d MORTGAGEE, without notice or demand, suit at Saw or in equ~ty, there(ore or thereatrer begu~, may br prosetured as if a11 moneys secured hereby !
nad matured p~~or 10 ~ts institut~on.
7. Tha1 in the event that at the beginning of o~ at any time pending any suit upon th;s Mertgage, w to forecfose it, or to reform i~, or to enforce
paymeM of any elaims hereunder, said MORTGAGEE shall appfy to the Court having ~ur~sd ct;un therrof for ehe apNO~ntneent of a Rete+ve?, such Cwrt shaU
fo~thwith appoinf a rece+ver of said mwtgaged property all and singvlar, incl~d~r.g a11 and s~~~g~iar.~he ir.co,ne, prolus. ~ssves and ~evenues }rom whate~e~
seur~~ derived, each snd every of which, i~ bel~g expressly understood, is hereby mortgagrd as ii speo(~ca~Iy set for~h and dexnbed in the gram~ng and
habendum clause~ hereof, and such Recriver sha17 F+ave al! the Moad and eiiect~ve funct.ons and powers in anyw~se emrusred by s Cou~~ to a Receiver, a+.d
s~ch appoiMment shall be made by such Court ss an admitted equrty and a matter of absolute r:ght to sa~d M~RiGAGEE, a~d w~fMut referente to ~he
edrq~acy or insdequMy of the wlve of the property mortgaged or to the so~vency or ~nso~vur.cy o( said MORfGAGOR or the defendantf, and that s~ch
re~rs, prolits, incwrK, issues and revenues shall be applied by :uth Rece~ve~ aaord~r.g to the lien or eq~ity of said MORiGAGEE and the practice of s~ch
CouA.
8. Ta duty, promptly and fully perform, distherge, execute, effect, comp(ete, con,p(y with ~nd ab~de by each and every the st~pularions, aqreements,
cond~tioru and covensnts ~n u~d promissory note and ~hfs morrgage srt forth.
9. That in the event t{K p,~,~nership of the mortgaged prcmises. or any part thereof, becomes vest~ in a pery~n other than the M~RTGAGOR, the
.Y,ORTGAGEE, irs wccesaas and sssigns, may, wi~hout not~ce to the MORTGAOR, deaf wnh :uch successw a successor in iroerest with reference to th~s
mo~rgage and the debt hereby secured in the same manner as wrth Mortga5or w~+Mut in any way vit;ating w d~scharg~ng the Mortgagora' tiabihty herr
u~~der or upon the debt hereby secured. No sale of the Frem~ses hereby mortgaged a~d no forbeara~ce on ~he part o~ the /dORTGAGEE or its s~ccessors
or ass~gns and no extens~on o~ the time fw the payment of thC deb+ hereby secured glven by tt~e MOR7GAGFE of ~ta successors or ass:gns, ai~all operate
to release, d~xharge, modify ~hange or aifect the orig,nal Gab,l~ty of the MORTGAGOR herrin, either in wF.oie or in pa~t.
10. It is specilically agreed that time is of the essen~e of this co~tract and that no waiver ot any obl~yat~on hereunder w of the obligation se-
wred hereby shalt at sny time thereafter be held to be a waiver of the terms hereoi w of the insrrvmenl secured h~:by.
11. In add~tion ro tre lorego ~ monih!y payments of princ pat and inrcresr .equned by the prom ssory ~ae s~ :u~ed hcr: by, mor~ga3or covenams
end agrees ro pay ro mortgagee v~ith each momh!y payr,ient an add:rional svm est~~•~ated by mo•tgagee to be eq~al to 1 12 oi tne an~wal cost of the fol7ox-
~ng-
A-AII real property faxes leried or assesseci against thc above dexr~ycd r~ai estafe
8-Pr~~~,:~~•*~s on hre and w~ndsto~m insurar~e as here~n requ:red !o be carr.ed en the .Tr~oveme~ts~sYaate-cxi tha above drsa~bed prem;ses.
C-Premwms on wch mortgage guaranty insura~,ce as mo~~gagee shatl fror~ t rne to t~~ne deem fit to carry ori the loan sew~ed hereby.
/~lortgagee sFa~l from time to time ~otify mcrtgagor in ~•itmg of the arrou~+ d~e and payaole here~ndrr and s~ch su~n shai? thereupon be due and
cayable on the due oare of the next monthty payment and each svccessive monrh rhe.eaf~er ~r,i;l mortgagee sha11 not~fy mo~toagor of a change in such
r. •,ount. Svch wms sFa t be applied by mwtgagee toward the payment of re~l property ta,ees, inwrance prem.ums, a~~d mortgage guaranty insurance
r~emiums.
IN WI'.NESS WNEREOF, rhe said M~RIGAGOR has hereunto set his har,~ and seai the day and year first a{oresa~d.
ed, Sealed and li ered in tix presence of:
~ ' 6(' L~---- .....al)
. ~ (Seeq
Q~.~r~~=~
(Seal)
_ ~ (Seaq
S~ATE OF FIORIDA ~
S t. I.uc i e
CJUNTY OF
e~fo.~ ~ persona!!y app~a~d Richard E. Buchanon ~
and
Reba ~uchanon h~s w~fe, to me well knqwn and kno~rvn to me to be
rhe individwts described in ~nd who executed tha foregpKg instrument, and ecknowiedged before me that they execv~e,'d tfin ts~: fOr 1l~e purposes
thereio expreased. And the said REba ~3L -hanon ' ~
«,r~ of sa~d _ R1ChaZd E. Buchanon _ -
' '4~t + +~wcsi~..and pr'~wt.
e~amin~t~on by me taken separa~e and aparT from her said husband, acknowlcdged to and beFo.e me that ffie euec vid~ i~yttument ft~Ojy-,a~d vplun-
raniy and w~thout any ca~npulsion, consUaint, apprehen ion, a fear of a fiom her said husband. : ' .
, ~ r.! ~ ' i
WITNESS my Mnd snd offidal se~l this- day oi y,_._.` ~j~,.D. 19_~
• ~ f~'~~
. Noury Pubic in a~d to!'!he' ,of~Fbri~s'p targ~
M~ Gomm~ ion eapires: ~
Return To: ~ S~E ~ ~{p~ it
First Federal Savi~s 3 toan Aasociat~on ~~~Ep A110 RE~R~~~ , S-•
Oi For? P.e.ce. (rpelrcS:i011 Et;~.•ES .c~Z. ZS, 1911
Fqn P~erce, Fbrida ~T O`'QR ~O Ta~a l~ ~ y Mn~+~ b~"~~' ~a
RFepR9 vEaifiED _ i
, ys~~~
This Instrumenf Prepared By Jphn W. Col~~~ S~
First Federal Savings 6 Loan Association
of Fort Pierce ~ F lorida
Checked By 214528 _ .
_ aoUx 1y5 ~F 19'9
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