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3. To p~ace and continuously Eeep on the bu~'dmgs now or hereafre! f~wate on sa~d land and on alt equip~nFn1 and persona~ly coverrd by th~s ma~ ;
ege, with all premiums lhereon pa;d in fuil, fire iniurancB in ~he us~~~ standa~d po!~cy form, in a wm ap~xoved by the MOR~C~AGEE, and w~ndslo ~
Insvrance in the usual standard po6cy lorm, in a wm appro.rd by ~he MORTGAGEE, in suth tompany ot tompames as the MORTGAGEE in ~
dlred; and all fire and w~ndstorm insurente poi~cies on any of sa=d bu~Id,ngs, any interest therein or pa+t thereoi, in Ihe aggiegaTe sum afaesaid ~
in exceu Ihereof, shaU confain the usual ~tanda~d morrg.~gee uausa or such otne~ daute as the Mo~tgagee may requ~ro, making the losf undrr s~~d po !
c~es, each and eve~y, payab!e ro said MORTGAGEE as ~ts inrerest rney appear, ar.d each and e~ery svch poi~cy shalt be promp~lY ass g~ed and de~~yered ~
any held by sa~d MORiGAGEE as furrAer sewrity ro~a~d mongage d•_ot, a~~d, no~ less than ten (10) days in a~~ance of the exp~~ation of eech polrty, Io d. ?
I,ver to ~eid MCRTGAvEE a renewal thereof, togeihrr with a recr:Ht lo{ the premlum of such renewal; a~~d there shall be ~w f~re or w+ndslorm insuranc s
placed on any of seid build~ngs, any imereat there~n or par~ therrof, un:~is in fhe form and wi~h the loss parable aa aforosaid; an~ in the evam any sun ~
of money becomee payaG(e under suth policy or pO~~c~es sa;d A10RTGAGEE sh~ll have ihe opt~on to reteive a~~d apply the same un accounl o( the indeutrd
ness secured he~eby or io perml~ sa~d MORTGAGORS ro recr~ve and use it or any par~ th.:eof tor o~~~~~~ pu~~•osas. .•~~~i~GJT th~~~or ~3 c~ ~~+~p~~~
ing any equ~ty, lien W right unde~ w by virtue of thi~ morcgage; and in ~he event w:d M0~2i(;~AGORS sAall fpr any reason fail to kcep the said premises so
:~~sured, or (ail to detiver prqnpfly any Of sa~d po~~cies of insu~ance ro sa•d MORTGAv::, tr fa:• pr~:r.rt:y :C ~sy fu::y sny p~e~niurn therrfor or in a~y
respect fail to pe~(wm, d~acharge, eaecute. effect, con~pletr, co:nply w~~h and ab~de by this coven~nt. o. any part ha~eof, Sa.d MGRTui~G~E mey piace a+a
Fay for such inwrance or any pa~t fhe~eof w~thout waiving or affecting eny optioo, lien, equ~ty, or ti~ht under w by virtue o1 th~t hlorfgage, and Ihc
f~!~ amount of each and evc-v s~ch payment shall be im~ned~ately d~e a„d payab?e and shrll brar inte~est from the date the~rof un~~l p~~d at the rate o~
~~~~~e pe~ centum per annu~n anJ to~eth~~r N~tn such inte:.-st sh~i~ be s.~:urrd by Ihe lien of th~s mortga9e.
4. To pe~mit, commit or suffer no wasre, impa~rment or d~t.anorar~on of said propeny w any part thereof.
5. To pay all and singular the costs, charges srtd expenses, in:ivding a rrasonablr aftwney's fee a~d costs of a~snads of title, incuir~d or patd at
any lime by said MORTGAG:E, ~ccause or in the event of the (a.iure o~ ~he part of the sa~d MORiGAGOR io du~y, promptlY snd fully pe~form, d~icharge.
_.ecute, effed, comptere, comply w~th a~~d ab.de by each and every ihe stipulations, agreements, cond~ho~s, and covenants o1 sa~d pro~n~ssory no~e and ~hi~
n~ortgage any or aiher, and sa:d cosn, charges and expenses, each anr! every, shall be immcdiately due ar+d payab!e; whether p not there be ~o}~ce da +
rr:a~d, attempt ro collect or s~it pend~rg; and the fufl a:nount of each and e~cry svth paymero sAall bear inrereat from the da~e thereof until paid at ?he 4
~~+e oi nirx per ctnfum pcr anu~:n; end at1 sa~d cosfs, charges e•~d CAjiB111c'S ~rxurred or pa~d, toyethe~ w~th such interest, shall be sec~~rd by the 6rn of th~s ~
mOrt9i9~.
6. That in the e~eM of any kxeach of thia Mortgage or defau~t on ~he part of thr A10RTGAGOR. w(b) in the event any of sa:d s~ms of money
?,~+a:n ~rir~~rJ ~o i~e ~ul p.ompliy anti iuily pa~d w:thm th~rty i30) days ne.t ar~e~ the same severally become due a~d payable, wi~hout dema~d or noticr.
(c) io the event ench •r.d every the st~pv:ations, ag~eements, cond~ho~~s and covenanrs of sa-d promisso~y note and tA~s mortgage any o~ eithe~ are not
ivly, promptly and fvliy performed, d.scharged, exec~~ed, effec~ed, canpte:ad, com.pi~ed wieh and ah~ded Sy, then in e~ther a any such eve~1 tha said ag
gregate sum ment~oned in sa~d promnsory nott ~hen remaining vnpa~~, w~th ~ntere;t acuurd, and a~l moneys secured hereby, shall become due and pay
eb e forthw~th, or tRereafte~, at the opt~on of s3;d h10RTGAGEE. as tu7ly onc! compte~e:y aa if al1 of the sa+d aums of mo~ey were o~~gmelly st~pu:atrd
r. be pa:d on such day, anything in sa.d pramssory note or in thn hlortgaqe to the comrary notw~thstand~~~g; and thereupon or therrafter at the opnon of
d MORTGAGEE, w~thout nonce or dema~ed, suit at law or m eqv~ry, ther~fere or thereaf~er oegun, may be prosecufed as if all moneys secured hereby
n~d maWretf p/~W 10 d3 insTit~fiOn.
7. ihat in the avent that a~ fhe beyimm~g of w at any t~me pend~~;g any w~t upon this Mortgage, w to foreclose it, oi to refo~rw it, or to enfores
~~.ment of sny daims haeunder, sa~d !J!ORTuAGEE shai; app!y to thr Cc~~~t havn,g ~u~~sd~ctwn thereoi foi 111e appo+mment o( a Jteceiver, such Cwr~ shail
~:.•rhw~rh appo~nt a recei~er o1 sjid mortgagKl property eli and s~~~gular, inUUCI.n9 a1~ and s~ng~tar the income, p~olas, issues and revenues fran whatever
s.:~ce de~~ved, each a~d every of whch, beuig express'~• undr~s~ood. .s te:rby morrgaged ai if spec~f~cal,y set forth and deur~bed in ihe g~an!~ng and
~~:~end~m ciauses herrof, and suth Rete~vrr sha~l have ail the b«ad a~:d eltecr•vr fvnc?,ons and powers in anyw~se entrusted by a Cou~t to a Rece~ver, and
s_ch appointme~» shall be made by wch Covrt as an ad:n:ind equ~ty a~.d a ~ettrr of abso~uie r!gM to said MORTGAGEE, ~~d w~thout reierence to the
a.icqu3ty w inadeqvacy of the val~e of the pioperty mo~tgoged or to the su yer.ty o• ~nso:vency ol ae~d MORiGAGOR d tl~e defendants, and that s.ich
_~~s, proi~ts, incane, i~wes and revenues ahaii be appl~cd by s~ch Recr~+rr accord~ng to the Gen or equ~ty of sa;d MORTvAGEE and the pract~ce of such
Co~rt. , ,
8. To du!r. Fromptly and iu:~y pe~}orm, d~scha~ge, exrcu~e, et'cct, comuiete, cor,iply w~rh and ab~de by each and every the stipulatiorts, agreements,
:~nd~tions and covenants m aa+d prom~isory nore and fh:s mortgaye set fa::h _
9. That in the event the ownenh~p of tnr mortgaged prem~ses. o~ an~ part tnereof, becomes vested in a perwn other than the MORTGAGOR, tha
Y;`•RTGAGEE, its successora and ass~gns, may, w~+hwt ncr,ce to ~he A'•ORiGFOR, deai wnh svch wccessw w s~ccessw ln interest w~rh ~elerence to Ih~s
o•rgage ar.d the debt hereby secured in the same rr:anner as w~fh !.b~rrgeyor v:~fhout ~n any way vit:ating or d~xharging the Mortgagor~ liabiiity here-
_~der w upon the drbt hereuy secured. No »'e of ti~e ~~e•..~ses h,reb~ mor~gayed and no lorbeara~ce on the part of iht )AORiGAGfE or its successws
r ass~g~~s and no exrens~on of fhe t~me fa~ the payrc.ent of tF.e dc•ut h~~eb~ securrd g~ven by thr MORTGAGEE or ~ts tuccessors or assgn~, s~:all operate
i rolease, d:scharge, mod~fy change or atfea the m.g.nat t;av,i.ty of the MORTGA~'sOR herem, either in whole o~ in part.
10. It is spec~F~~ally ag~red +hat nme ~s of the rese~~ce oi ~h:s co~~tract a«d that no ws~ver of any ob~~get~o~ hereunder or of the c~?~~~~~ se-
~ cv~ed hereby sha:~ a~ s~y tm~e ~hereet~e~ be F.e;d to be a we~.rr of ~he te~~~.s hereof w of the msrr~men~ sec~red he~by.
11. In aJd t:o.~ to the lerrgc ~~g ~r~on;h'y p~ya ,nrs o~ pn .c ,~a! and i:t;•: es+ rPqw~ed by the pro~~ sscry norr sccured hereb/, mortga~or covenants
~ a agr~es to ;:ay to ~nC't~13ec x:tt~ each ~ro~~th Y Ya,: ~e~,t ar, a~.i .~na~ su~: ~st ~ a~ed by mo~tg3yet to t,e eqval to 1 1~ of t:~e an:;uat coat of the folio+v-
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A-AI! reaf Froprrry ta,rs :e:~•~~ or asn..s;~ci eg,,.~s• »,e a~~~ve ~rs~-~~-.~d r,e~ es!a!e.
t B Pr:~~*•~u•ns on Yre and .vinds!o^~~ ~ns~rarce as 'r~e~cln r, q_~.red to be :a•~~: d c-i the ~mrroveme~ts s~t~ate o~ th~ ebove dsscnf;ed p~emises.
i
j C-Premwv~s o~ s::ch rc~r-~,Ga gva~amy ~~w~a• ce AS 'P(:'t~d~!'A st,a'{ t~c•~ ~ r..e to :~mc deem frt ~o carry on the loan securrd hereb~.
Mortqegee stia~~ frem f~ n. tc r,--~e ~onfy mc~+Sage~ ~n w~~t.r.g of the .i•rov~t due and p~yable hereundrr s~~d such su~*+ shall therzupon be due nnd !
:~.~b?e on !he d~e aa+e of +he ~_.t n,~+th r pay~renr and e:~ch s..ueis.,.e ^o^t1~ r~~a~eaf+cr u:,sit mortgagee shalt not:fy mortgegor af a change in srh
' ~_mt. Such sum~ s~a i be aF,;:.~~~ 6y mcrtyay~re aoaa~d t~e µe~~~'rnt cf rea! prupe~ty taRes, inwrante prtm.~:ns, a~:d mo~tqege g~aramy msurance
i
r .~~rTwms.
~N WITNE55 :'iHEREOF, !he si+d MORTGAGOR has nP~eu~~fo ser h~s ha~•d and scaf rhe day and yesr fnst sfore '
~ Signed, $ealed ar.d de!ivered i~ the presence of: '
' ~ (~+4
~ - - - • • e75
` .-~--~s-- - (Seaq
h ~ , / ~ (Seaq
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~ S?~TE OF FLORIDA ~
¢ -JUNTY OF _ SL._Lucie ~ ~
>a
; Befo~e me perscnaliy appeared - _--G! _B• Walters
_ _ Al l iece k'~ l t ers h;s w~(e, to me well known and known ~o ~+e to b~
- e ind~v~dva4 descnbed in and who execvted the forogo~ny ;n;rrv:nenf, arad scknow{edged before me that they uecuted the same fw the purpoxs
rhe~e~n exp~es~a~d. And the said------.---- --Alllf'Ce _Wdlt@TS
_
~
G B Walters
~ ti.fe of rhe sa~d - ~ ' - upon a separ~te and priwr~
-.am:~s+:on b~ me ra~rn se~arare •nd apan from her se~d hvabar.d, acknowledged to a.+d before me that she eaetutec! sa:d instru-nem 6eely a~ voluo-
~e~~~y and w.thovt any compu;s~on, const~amt, •pp~ehens.o:+~ o~fesr of or from har said husband
/ v-~~
Y~IThE55 my h•~+d and offic;al seal thn _~1L dey ot OV aber - A, fl.. 19 71
_ - ' . '~fp~p DEO `
. . , r Sf-`-~ TY fLA.---- .
RQ~ER POItRAS Not~ry P~b~,c i~ u.d for th/e ;Stat~~/of. Hsric4 ~ tM~li~
' ClERK C1RCUIT COURT ( My Comm~ss:o~ •xpirea: / ~y .
r Rerum io~
O~VER?itEO~ i `y v
` Fint Feder~l Sev~n~s b loan Asscc~at.on RE'~i~ ' ' ~ • ' -
~ ~ P. 3S . - _ _
~orrOP~ •cc F:. J+ ~ I~ IO _ ' ~ ' ~
_ - . ~ , '
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= Th~s Instrument Prepared By Richa rd K. Kayes ~~tc,~q;`•'~
F~rst Federal Sav~ngs 8~ loan Assaciation '
of Fort P~erce, Floticla E
~ ;
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`Y Checked By ~
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- 60~ ! F~t~f
:s
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