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3. To place and co~tinuously keep on the b~~'d~ngs now o~ hereafter s~tuate on ~a~d land and on a~l equipmem and personaily ~vve~eu Ly tt~~~ ~~~w
ege, wnA •11 p~e~~ivmf ~hereon pa~d in f~fl, f~ro ir.wranca ~o ~ha usual sta~xiard pol~cy io~m, in a sum aHproved by the MOR~GAGEE, and winds~o
~nwrance in the usval standa.d po1 cy lo~m, in a s~m opproved by the MORTGAGEE, in such company or compamef as the At02TGAGEE m
d~rect; and aU (i~e and w~ncls~orm insvra~ce pot~c~es on sny of sa~d twiid~ngs, any in~e.eat the~ein or par~ therco(, in the aggrega~e sum afwesaid
in eacess the~eof, shall :o~ta~n the us~al standard mor~gagee uauu or wch orher dause as Ihe Mortqagee may requ:re, ma?ing the ioss unde~ sa~d po
c~es, cach and every, pa,ab!e to sad \10RTGAGEE as ~ts imcrrst may appear, and each and every avcl~ pu~cy ai~e~t i~e p~wnp~lY +tsgned and deiivrred ~
eny held by sa~d MORfGAG~E as iurther sr:urity to sa:d mor~gage dtb~, and, not less than ten (10) days in advance of the expuation o1 each pol~ty, to d.
Lver ro sa~d MORTGAG:f a renewol thereof, togeiher with a rece~pt fot lhe p~a~n~um oi suth renewal; and ~here shall be no f~re or windsiorm insurant
placed on any of sa~d bui:dv.gs, any ~nterest there:n or part thereof, ~n'ess in tke foun and with the loss payable as aforesaid; •~d in the event any wo
of money bcco~nes paYabje under such policy a poLcies said MORTGAGEE ahall have ~he opt~on to rrce~ve and app~y the same a+ account o( the indebted
nes3 seCured h2rtby O~ ~o permit Said MORTGAGORS t0 IK2ivC snd u30 it p dny part Th2~eul fGr o:n•~r par}-~osri, viilrtO~t Ih:~co~ ~vdnr~3 J~ u~~p~~~
Ing any equ:ty, fen w r~ght unde~ w by virwe of this mor:gage; and in the even? sa d A~ORTGA,r,ORS shafl jw any reason ta~l to keep 1he sa~d prem~srs so
Insv~rd, w fai! to det~ver proniptly any oF said poLurs of ~nsura~~ce to sa~d MORTGAGEE, or fad promptly to pay fu11y any pre~~u~m therefw w in a~y
respeu Ia~I ~o pe.fo~m, J.scharge, execu~e, etfect. comp~ete, co~nply wirh and ab~de by thls cove~~nt, w any par~ hrreoF, s3~d MORTGAGEE may place a~d
pay for such inwrance or any part thrreof w~~hout waiving or affecring any option, I,en. equ~ty, or right unde~ a by vu~~x of rhia Mo+rgage, and the
~vl{ amo~nt of each an~ e.ery such payment shall be ~mmediately due a~xl payable and ~halt bear intarest from the date the+eof unti~ pa~d at the rate ot
ront per centu•n per ann~:n a:id r~~rth~r y.nh such inrrresr shai~ be secwed by the fien of this mwtgsge.
I. To permit, commit or suffe~ no waste, impairment a deter~oration o( said property or any pa~t thcreof. ~
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5. To pay all and s~ng~lar ~he costs, cM.ges a~~d expenses, induding a reasonabfe afeuney's fee and costs of abstracts of title, in,urred or paid
~ny t~~~e by sa~d MORiGAGfE, beca~se or in ~he event of the fa~tvre on ~he part of ihe ~aid MORTGAGOR to d~ty, pra~~ptly ar+d fully pe~form, d~scharge.
>aewte, effec~, comple~e, compty w~th and ab.de by each and every the sripu~a~~ons, agreemrnts, tondirions, and covenants of sa~d p~om~ssory +wte a~d ~hii y
r.urtgage any o~ e~ther, and sa:d costs, charges and eapenses, each and every, shall be immed~ately due and payabte; whether w not tfiere kx notice de }
mand, attempt to co:lect or suit pe~ed~ng; and rhe ful: arnount of each and e~e~y such payment shall bea~ interest from the date thereof until paid at the ~
r~re o' nme per cenrum p~~r a:~n~.n: and ali sa~d cosfs, ;harges snd e~renses incurred or pa~d, togrthr~ wnh such ~nterest, ~hall be secured by the lien of tAis
mortgage.
b. That (a} the e~em of a~y breath of thn Mortgage or de(ault on the part of t:ie A10RTGAGOR, o~ (b) in the event any of sa:d sums oi money
herein refened ~o be r,ot pro,npfty a~~d fuiiy pa~d ~n~ri:~n !n.~ty ,3Jt da~s next arter the sa:»e severa:ly becane due and payable, w~thout demand or noticef
er ~d in thr event each and every ~ne stip~;ations, agreements, cond~s~ons and covenanea ot aa,d promissory note ard th~s mortgage any w either are no1
iuly, promprly and fu~ly perfo~med, dscha~ged. rsacuted, eifec~ed, co~na{etrd, c~np~~ed wnh snd ab~ded Sy, then in e~ther or any such event the w~d ag
3rcgate sum mennoned m sa~d pronussory nate thtn re~:~aining unpa~d, with intE~est att~ued, and a~l moneys setured Fx~eby, shall become due and pay~ ~
ao e forthw~th, o~ thereafter, at the opr~on of se~d MORTGAG~E, as fWly and completely as ii s~l of ~I~ said sums o4 money were or~gi~~lly st~pulated
!o be pa d on a•xh d~y, anyth~ng in sa d pro:?~ssory nore w in th~s A~lortgage to the comrary not.vi~hsta~ul•~~g; and thereupon or thereaiter at ihe op~~on of
s>,d t~!ORTGAGEE, v~~nc~ut nor~ce o~ demar.d, sun at law or in equ~ty, therefore or thereafrer 6egun, may be prouc~ted ts il all moneyi tecured hereby
n_d matured pr.or to As inft~t~t~on.
7. Tha! in the e~e~~t tha~ at ~he beg~nn:ng of or at any time pend~~~g any suo upon ~his Mo~tgrge, w to iweclose it, w 10 ~efwm it, or to enforte
:aymc~t of any c~e~ms he•eunder, sa~d MORTGAGfE sha~! apply to the Court having ~u~~edtt.on ~hrrzof for the appo~ntment of a Receiver, suth Court shaf)
ic;thwi~h appo~nt a rece~~rr of sa::: -_~-0~-==-~ c-^;~rrty ai1 a:~d a~ryutar, inuvdng a~l a~~d i~ng,,iar the fncome, pro~~ts, issues and rovenues from whotever
s.~u~ce aef~ved, each and e~ery of wh:ch, ~t b.,ng eapressy ~nders~oed, is hereby mo~~gaged as if apeaf~caily set for+h artd describeu :n the granNng and
!.~^caac- :i,;,,-'; :~r_:,1. ard s~ch Rece~.er s~+a~i hare a'~i tne broad ard eff¢~tive fu~ct.ens a.+d powers in anyw~se ennusted by a Court to a Rec~iver, and
s:h appointment ah~~~ bo mode by wch Court as an ad •iitted equity and a matter o{ absoi~tr ngM lo sa~d MURTGAGEE, and wit~c~t refere~+te to the a
r.'rq.,,cy or ~nadeq~acy of the va,~e of rhe proper~y mo~rg;ged or tu the son~ncv o+ inSG:vnn~Y af sa~d MORTGAGOR or the defe~xlanls, and rhat such
~~~:+s prof~ts, income, isaurs and revenves shaH be app~~rd by such Receiver at.oro.~19 to the Gen w equiry of said MORTGAGEE and the prottice of such
Court.
8. To du:y, p~e~-+p!!y and (u~'y pe•for~,+, d~scharge, e,cecu~e, eftecr, cor.~plete, compty wirh and ab~de by each and every the stipulatiau, eg~eemems,
:onditions and tovcnants ~rt sa~d prom~ssory note a^d !h.s mortgaqe set forth.
9. That in tF.e eve:~t the ov.nersh[p of th~ rcort~ayed premaes. ot any parf thereof, betomes vested in • perwn o!her than the MORTGAGOR, fhe
Y;RTGAGEE, rrs w:cessors snd aas.3r.s, may, w:+ho;,r nct,ce to ~hr ~t~R1GApR, deal v.,~h such successM or successor in imeres~ with reference to this
o•fg3ge ar.d ~he d_u~ hereby sacu~ed in the sa~~r manr,rr as W~t~1 IL~O!t~3Q0~ w~rhout m any way vit,at+ng or d~xharg~ng the Mo~tgagors' IiebiGty here
~~-ce~ or upon the d~~o~ ht~eot scc.,r,d. No sa e of ~ne F~em:ses herebr ~:w~~gaged ard no forbearance on the part oi the MORiGAGEE w its successon
:,r asvgns ard no exrr~~s~on of ;he e.~ne for the paymem o+ t%~e debt hereoy sewred g~ven by the MORTGAGEE o~ its successors w ass[gns, s~~all operate
ro~e eax, dscha•ge, mcd~fy c!:a~~ge or arfect the o•~g~na! La~.:.ry of the MORTGAGAR herain, eithe? in whoie or in part.
l~. It ~s spec f~ci~:y agreed ~h3r tune ~s of the essence of ~his contrac! and that no wBivN of any ob~~gat,on hereunder w ot the obliyat'an se-
; a red hereby sha:~ a~ a~~~ h~~e +harraher oe he d to be a wa~.e: of the temu hereof or of the instr~meM secu~ed herby.
j i?. 1-e .:dd !~c:~ •o !he foreg. rcw;thi~ ;;aymenrs pt pr~r,c pa? artd ~~~r~es+ req.,:red by the prom sscry no'e s,cured hereby, mortgagar eovenams
! d,g~ees ro ;:a~ +o ~~.c-:~~yee ,n~th ro-,~ :•vri'R y pa;• .e~» an ad;i ~~onal su-n ~s~ ~ ared b~ mo~ry,gee to be equni ro i. i2 of the annual cost of thn follow-
i •
~ A--A!i .ca! :~.pa•'; taa~a ~e:~_a o+ assess_~a eg~~~~s! tFr abo~e desr~b,d rt~t es'ate.
F 6 F• :•s on t rr ard .v,::dsso-~~ .~s~•a• ce as ne•e,n r~-q..~ed to be ca~r~~d c~ the .r+croveme~ts s'tuate on tF.: above descnbtd prem~ses.
~ C-Pr~^~,~u~+~s o~. s~ch mo~'~aae guarar.!y irwra~:e as mortgagee s}atl fiom tme to time deem fit ro carry on the ban secured he~eby.
~ h~to.rgagee s~.~ 1,•~,e tu r,--.e ner~f, ~,c~T~ager m~•~r.ng of the a+no.,~+ d~e and payab!e hereundrr and wch surn shail th~rr~pon be due and
i .,ah~e on ~hr ci,,e ri~~.~ or t~,z ne.t :~:o~th ~ pay•*•ent a:~d eacfi wccess~ve rr,oneh thereatf~~ ur.r~i mertg3gee shall no':4y mortgagor of a change in such
~.:~~t. S~~ch s~ns e'+. '.;e ac:':cd e~~ +nor'gs:,••re +o..a-d ihe {~ay~rent of reat propeny texes. ins~ra,ce prem,~ms, a~~d mortgage guaranty i~surance ~
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IN ':+ITP~E~S :.HER:OF. i~e :a~d 1~~ TG:.GCR has here~~ro set his hand and seal ~he day a ear fint •fweseid. ~
L
~ ~ S~gned, Sealed a~d :ivered in t presence of: ~~O ~
f ~ ~ /Seal)
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pp? psthur . od cs~,n
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" ;~titn'~tlllM QR~i1l@ tse.4
~ _ - Rt~Q~a~ uanita J WOO aD
s~ ~N
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~ ~';.1E vF flOR~OA - -
~JUNTY pF _ SL. Lucie _ ~ 219p'7'7
~ &rfore me persona:~y appeared Arthu= F. wOOd ~nd
~ _ Juanita .~t_M100~___ _ h~s w~fe, to me welt known ar+d knc~+n to me to bs
xi _~.d~r+d~a`.s descr:cad ~n and wiU execured the fwr~o~ng inur~ment, and acknowledged befo~e me that they exec~ted the sa~r.e 1w the pu~poses
~F.e~r~n e:p+essed. And the sa;d_- Ju~lta J• ~A~00(~
r, ie o1 the sa~d AZt21NZ F y_ ~OOCi---- - °Pon a separate a~?d priv~t~
- ~.a~: na~.on b~ r.:e fa:en aepa~are a,d a~ert from her sa~d husband. acknowtedged ro and befo.e me tbat she eaecuted sa~d instrumem freely and voiun-
'3•,:~ a~d .v rho~t any ca^p.+:i~on, GJnS~ra~r.t, app~ehens.o!+~ fear of or from her w~d husband. ;
c a sea rh s /1_ D. 19
~YITtiESS my ha..a :..a tc:c. ! : Z T~- - day of_-. _ tObQI 71 t
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Notary P~ in •nd for t Sute of Florid~ ~t lar~t y
IWy COm siOn e7cpir!!: I' ~ S
Return To
i;3 f~nt Fede~a! Se~~:•~s 3 ioan Asicc:ar,o~ NOTARY PUR~ 1C STATE Oi F~ na1OA AT IAR~
: . MY CC1!!.'~i~~~nN EXPIRfS A~'~ 6. 197'S
~{.~t F....,~. ; . GENEftAL INSURANCE UNOERWRIIERS~ INCr
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Th+s Instrur+-ent Prepared By J. D. Chastain ~ _
;
- First Federai Sav;rg; 8~ toan Associat~on ~
of Fc~! P;e+ce ~ F lor ida . j
~ Checked Bv - - - - ' .
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