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3. To place and continuously keep on the tw~:dings now or hereafter ~ituate o~ sa~d land a~~l on al! equipmeM and pcisonally cove~ed by this mor !
e9e, w~th •II premiurns ~herzon pa~d in iuL', f~re i~~surance in ~he ~iu~t sta~xlard po~~ty iorm, in a sum approved by the MORiGAGEE, and w~~dito }
~nsurance in the uwal standard po!:cy furm, in a s~m app~o~ad by !he MORTGAGEE, in such campany or co~npanits as the MORTGAGEE m i
d.rect; and aIl fire and w~ndstorm insurance polic:es oo any of sa~d build~ngs, any inrereat therein or part thereof, in the aggre9a~e ~um afo~esaid
in ezcess ihereot, sha~l contain ~he usual s~andard mor~gagee clause or such oiher dause as ~he Mo~tgagee may requ~r~, maAing ~he loss undr~ sa~d po
c~es, each and every, payable to sa~d h~OR1GAGEE as rts iroerrst may appear, and each and e~e~y such poiicy shalt be prompHy au yned and deilvered ti
eny held by sa~d T.10RTGAvEE as fu~~her security to said mortgege debt, and, not leu than ten ~10? days in advance of the expiration of each pot~cy, ~o d.
fver to said MORTGAGEE a renewal thereof, toge+h~r with a rece~pt fw the premium oi such renewa~; a~xi there sha!! tre no frte or w~~dstorm iniuranc
placed o~ any p} sa~d b~~td~ngs, any mtrreit ihere~n w pa~r thereof, untess in the form and w~th iRe :uss rayabie as aforesaid; a+~d in the event any sun
of maney becomes payable u~der such policy w po~~cies sa~d A10RTi,AGEF shjll haoe ihe op~~on to recr~ve and appty the sa~ne on account o( 1he indeb~ed
~ess sr__~+~ !~r~~; o~ to permlt sa~d RtORTGAGQ`-:5 sa receive and ux it p eny part thercol fo~ o:h_,. purp~ses, r~~fncu? ~ha.rol ~nr.:iw+:i3 cr q:~a~r
~ng any equ~ty, Ge~ or ~ight uncirr' or by virtue of this mo:rgage; and in the evem sa~d MORTGAGORS ahafl fw any reason fail to keep the sald premiszs so
,r.wred, or fail to del(ver prwnplly any of sa~d pol~c~rs Of ~nsurance ro taid MORTGAGEE, w fai! pr~mptly to pay fu~ly any pre:rium thetefor w in any
respec~ fail to perfarm, d~s:t„~ye, r.ecuta, eEiect, compiNe, comply with and abide by thie cove~anl, or any par~ hareof, said MORTGAGEE may piace and
pa~ fp such inwrance or any part thereof w~thout waiving or affetting any opt~on, lien, equity, w nght under or by virtue of this Mo~tgafle, ~nd the
t~ll arnount of each and every such payment shall be im~r~ediately dve and payable snd sha(I b.:ar interrst from the dafe thereof until paid at the rate ol
ne per cen~~m per annum and to~rth~•. wiih such intrrest shail be srcured by the lien of lhis mortgage.
1. To permit, tommit w sufier no waste, impeirrr~nt o~ detrrioration of said property w any pa~1 thereof.
5. To pay all and s~~gu~ar ~he costs, charges and expe~xs, includ~ng a reasonable aftwney's fee and costs of abstiacta of t~tle, incuned or paid at
~~y t~me by sa~d MORIGAG~E, because or in ~he evenf of ~he fa~lure on the part ot ~he said MORiGAGOR ro duly, pra.,puy anc fully perform, d~xharge.
_=,cute, effec~, canp;eee, comply wnh and ab:de by each and eYery the st~Fv,lauons, agteemeniS, co~d~tions, arxl covaeants of said promnsory oote +nd ~h~s
,.orrgage any w e~rher, and sa:d costs, cnarges a~d expenses, each and every, shall be immed~+~ely and pe;=b'e; whethe. n. nm there be oo~~ce d~
m,nd, atttmpt ro cotiect or a~it pend~ng; artd rhe full amount oi each and every s~rh paymeM shat; bear in+e~es! f:erst !Fse date thereof until paid ai the
~c ei nine per centum per a,~„u n; and all sa+d cosn, cha~grs and expenses incurred or paid, together w~th tuch interest, ahall be secured by the Gen of Ihis
-xtga~e.
6. That (a) in the event of any b~each of ?his Mo~tgage o~ default on ths part of the AlORTGAGOR, or (b) in ~he event any of sa~d sums of money
here~n refr~~ed to be not p.o~t~p~ly and iu:ly paid w~th~n th:rty ;3Q) days rsea~ a!ter ~he same ae~eia'ty beca~ie due and payable, without demand w notrce,
c~ ~,c) in 1hr evcnt each and every the stipu~aNo~s. agrecmen~s, cond~tio~s and covenants of sa d promissory note and th~s mongage any or e~tAer are not
%~••;v. PrOmptly and }~!=.y r_rferm~, d:n~~arg:d, txKUt2l~. lifK~~. COmP~lIMI, comp~~ed w~~h snd ab~ded ~y. then ~n e~~he~ or any s~,ch event the w~d ag
y~gate sum ment,oned in sa~d promisswy note thrn rema~n~ng unpa~d, with i~~er~ss acu~ed, a~d ati moneys secured hereby, shall become d~e ar.d pay-
~ forthw~!h, or thereaher, at the op!~on of se~d MORTGAGEE, as fully and comFlete~y as if a~l of ~he said sums of money were or~g~naUy st;putated
he pa,d on wch d~y, anything in sa.d prom:ssory note or in this Mortgage to :he coNrary not,tii~n3tanp:ng; an.i thereupon or thereafter al the opt~on of
s~ ti MORTGAGEE, wrtho~t nor~ce or demand, sui? at taw a in eqwty, ~FKrefore or therealrer beg~r, irwy be prosecuted as ii all moneyt sKUred hereby
~._d matured pr~or to ~is ~nstitut~on.
7. !ha~ i~ ~he event that at fhe beginn;rg of or at any time pe~~~~g any su~t upon th~s Mo~tgage, or to fwedose it, or to refo~m it, w to enfores
:.,;rnem of any c.~~ms I+ereundrr, sa~d MORTGAGEE shall apply to the Court having ~~nsd:cnon thercof tor the appomtment o( a I~CKCIYOf~ avih Cou?t shall
!.-~rhwith appo~nt a recei:er of sa:d mo+t9aged property a!1 and siryular, includ:ng a+t a~d a+ng~tac ~he ~ncome, profrts, iasues and rovenues hom whatever
s. :•ce denved. each and every of ~hlch, ~r be~ng express~y unders~ood. is ~ereby mor~gagcd as ~f spec,f~caily set fwth and described in the 9ranting and
endum clauses hereof, ard such Rece~.er sha11 have ail the b~uad a~d effecnve funcr.ens and powe~s in anyw~se entrusted by a Cou~t to a Receiver, and
>~h ,;ppo~n:me~~t :hatl be made by svcA Co~~t as an ad:nitred eq~~ty and a matter of abso~ute r~gM to said MORTGAGEE, and without reference to the
d_qo3cy or inadequacy ot tha va~:,e of the p~operty moftgaged or to the so.vency or mto~vcncy of sa~d MORiGAGOR or the defe~~danro, and that s~ch
•s, prof~ts, inco.r,e, os~es and revenuea shakl be app~~ed by such Receiver accoro~~~g to the 6en w equity of said MORTGAGEE and the pratnte of such
Court.
8. 7o du'y. prompt'y ar,d fvtly perform, dncharge, exec~te, effect, complere, compiy w~!h and abide by each and every the sfipulations, ~greemtnis,
,d~t~ons and covenants ~n sa~d prom~ssory nofe and fh:s mortgage ser for.h.
9. That in the eveot the owne+ship ot the morgaged prem~ses, or any part thereo(, becomes vested in a person other than the MORTGAGOR, the
`RiGAG:E, ~rs success^.: a~:d ass~yns. may, wr.ho~t r.c~i:e to the A10RTGApR, dea~ w,~h such successor or svttessor in ~nteres~ wl~h refere~ce to this
~+gage ard fhe deuf hereby sewred in tne same manner es wnh ~lortgagar w~thout in a~y way vit:ating or d~schargiry the Monqagors' fiabiiity herr
.:i_r or u~u~ the drb~ h<reuy sec~r~d. Ne sa`t ef the F~e~*ues h_reby mo+tgaged and no fo~bearonce on the pan o~ the IdORTGAGEE w ih successon
• ass~~ns and r,o e~tens~on of the hrle for rne payment of the drbt herebY sewred g~Yen by the h10RTGAGEE or ~ts successwf w ass~gna, s:wll operate ~
~o re~ease, d:scha~ye, mod~fy cha~ge or afiect the orig~nal tiau~:~fy of the MORiGAGOR herein, either in whole or in part. '
10. h is spec.fica~~y ao.eed ~ha~ hTP is of the esse~ce of this consraa and that no waiver of any eb~~gat~on hereunder a oi the obtiyatan se-
•ed hereby sha!: a~ an~ hme rherrafter be held to be a wa~vrr of the terms hereot or of the instrumem secured herby.
t 1. In a.;d r.c :•o r',e fo-e~c ~~~onrh'y paymen;s oi prr~c pal and iee::css rrGu:::d by rhe p•om ssory r~o~e seci.ed hereb~r, mortgagor eove~ants ~
agrces to ;;~y tu ~ a~~gagze ~n~'h eac!~ o~:'h y Fa~~ .e:tt an add~ ~a~al sum es~ a~ed by mor~yagee to be equa! to 1. 12 ot tl}e annvai cost of the fo~low-
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A--:~It ~a! ~ro~•rty uc_s ie.~.c'. o. 351.7.510 ag::-;. ac~.~ :,~s~ ~.,~J rcal esta~e. =
't
6 F•::~ ~~s on i:re ard n~=usi'~r•n ~nsur~• ce as nerc~n rcq.;.red to be carricd c~ thr :m;:rovernents s~tuate on th~ above d_sc~ibed premises.
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! C-Vre~* w~:~s o 1>r.i, =,:u•rl:ge gua.a~ry ~nswa, :e as mo~rgagre sha~l frc~r. r~ne +o n~ne drem f~t to carry .~n the ioan secured hereby. +
e Mortgaqre s~.a ! j~c~~ ~•e ro r,:•~e noi~F, mo!lyagor ,n wr~t~ng of the a~ro~~t d:,e and payab~e hereundrr and s~ch surn sha!I t:~ereupon be due and
~.,bie o~ rhr ci~e aare of t'r.e n_.r n;ontn'~ payn~e~» and each s~ccrasive mo•~th tnereatte• ur.til mortgngee sha!: Rot~fy mor`3agor of a change in suth
~;nt. $uch sv~^.s s~ e:!:e ap~r:~d by mortgeyee toward the payment of ~eal property taxes, ~r.wra~ct prcr~..,~ns, e~~d mortgage guaranty in3urance
' . .-~r~v~ns.
; I?l w~TNESS :.HEREO', tne :a~d MORTGAGCR has hereunfo set his hand and aral ~he day and~year fint aforeuld,
s ~3=gned, Sealed an d~! ~n the presence o~: ROEO ~wC~
a - FIlEO AMD iIEC~ ~r~ e~ 4
r FLA. '
sj. ~OCIE COUN
t \ i~ ARK CIF+CU11 COURT ~
y ClE _ ts~,~
- - - aECOadvER~~lEO _~sean
i - - - - - - - - K4Y ~ ~ ~0 43 ~N'1 ~ ~ . .
~ ~ :.TE OF FLORIDA ~ ~ ~ ,~18~,56
~ `UNTY OF SL. ~1lC~e _ i
~ (3enava (Z. Platt a a le BdUlt ~oC
~ 8efwe me personaliy appeared - - ~~g
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_ _ _ to ir.e weli known a~d known to me to b~
ind~y~dua~/ dexrebed in ~nd who exec~~ed rhe 4wcgo~ny instrument, and scknovr:edged befwe me thatyh~ e=ecvred ~he iame fw the purposes
r
~ ~^r•ein expressed. ~
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' WITNESS my hand and off;oal ual th~t __-__~L__~_ M~Q~~1' A_ D. 19~_ '
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Notary P~b' ~n a~d for t St~re of fiorida ~t l~r~~ `
My Comm on eapires: ,~y L~ / 9 j~ f
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Return To:
i.rst Feder~l Sa~~r~.~s 3 loa~~ Asaa:.aT on , i
- : . ' fW_~T^ny PI1~!' If STe*~ f i F~ ..n.nR AT ~ ~IZ(~ ~
.y . Mr ~nr.1MISS10N EXf~~^~.; 6. 1975
F`,, ` . gEldERAIINSURANCEUNDERWRITERS.IIiCr ,
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_ th~s Instrument Prepared By J. D. L~1d8tri~.~ ~ .
= First Federal Sav~ngs & loan Assoc~at~on '--1~,~;,
- of Fc?r Pierce ~ glorida ' _ -
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Chzcked By ~
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J~ RM 197 Pa~- 1 5 '
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