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3. To p'ace and co~,Nnuous?y Keep on ri~e b:,~ d!~.~n r.u.~ or nr«•,frer s~r~aie on ;a~d 'and and on af; c•q~~p~nero ar.d persona~~y cove~ed by ~his mor
e9e, w~rh all prem~u:ns ~h.:reon pad ~n fu;1, f~rc i~.a:.~:,~.c~• .n ~h~• ~e.~a~ s~~~:i.~~d pc'~cy io.m, in a i~•n aHNro~cd by the MJR~v:.cifE, a~~d w~•~dsro
:nsuran~e in th3 usual sta~~da~d No:.ty 10•~~, in a su~n oFF~~o.ad Lt the A10RT(iAGEE, in su.h co~npany or co~npan~es as the 1.~OR1vAGEE m ~
d:~ett; and alt (iro ar.d w~nJs~orm insu~ance po:~:~~•s cn an/ of ss~d hui:d.nys, any inrerest there~n ur part Ihrreol, in ~he aggregare svm aforesa~d
in rxcess ~hrreof, shall :onr.;in ihe uwc~ s~a ~da~d n:e~t~~gze c.a~sa or euch other c;a~se as the Mortyactee n,ay ~eq~.re, mai~ing ~t~e Icis unJrr i~~d po :
c~es, eath and every, paya~'e to sa~d A1JRIGAG:E as .rs +~~_~.st neay a~~p~•ar, er,d each and eve.y n~ch po ~cy sl,elt be p~ompry assg~~ed a~~d de•~.•c.ed : .
ar.y held by said h10R(GAGEE as fu~ihar s_c~r~ry to aa~d ~~.ui~.~~e d_u~, a~:d, nor !ess than tan t10) days i~ ad.~~,ce oi ~hN ex~>ua~~o~~ o! each pot~cy, to d. 3
i~ver to ia~d h1pRTGAGiE a renowai ti~ereof, logethrr w~th a rr:_•~;,~ for the prra~+um of such re:zewa!; a::d ~F:rre s'~a'~ h~ no f~re o+ ...~~~sto•~n ~ns~ranc l
placed on any of said b~i;d.~~gs, any int~-rest Ihere~n or pe~i ef~c•cz-o4, ~i, ~n ihe fcrm a~~d w~!h tha icss F:ayaL:e aa afo~esa~d; a~~d in the e.eM any sun i
ef money becor~,es payabie under s~ch NoNCy or po!~des sa~c! ":,OkTG~SFE i!~.~N heve ~he oFrt.un ro rrc_~ve ~~~d app`y tnr same on accoont of the indeotcJ
neu aecv~ed hrreby o~ ~o permrt s~:d 1,1pRTGAG02S ~o rec~.~e a;~d use it or a~,y ~ air the ~~:,f +~r u~~,•+ e.::~. cs~ s. v..+~ o-t i4 ,~r •+~-~•~'3 ~'"P~"
ing any equ•~y. ~+en w rigAt undtr or by virtua of this mc:'gagc; end in ~he e~.~M sa:d MO~TGAGORS sha'1 !or any ~eeson fail to k~ep rhe sa~d premiscs so
nswrd, o~ fail to dri~ver pro~nNtiy any of s~~d poi:c~•_s cf ~ns~~ance to sa d 1.10RiGAGEE, or ta~. p:nn,~,!!y to pay iu.:y any pr~~:n,~:n ti~er<for or m a~y -
_ i_:~ __'a_'_ ~Ji~.. .,,.....i...., ..,.,...I_. ...:.6 ....1 .,i..~lo ~h~~ [n~en.~nl. nt anv o.+rl h~~eoi. said h1GRiv%+GEE may p~dtt a ~O ~
p>~ for si~chVinsurance or any part ~hereof w~thou~ ~+a~v«~g or affrctii~g any aNr~o:i, iien, equ~ty, or nght under or by virt~e of th~s A!ortgage, end thc
amoum of each and e.ery such poy«ieM shaii br ~~r~:ned~ately d~.,e a::d F~,able a+~d sh.,ii brar ~rocrrst from thr dote tF~crcoi unnl p.,~d at the rate o=
~,-•e prr crntu:n per ar,rwm an~1 togr:i:rr v,~th such ~nt~~ ,:si st~,:. :,e sac~r~-d by the lien oi this mortgage.
3. To pemiit, commi~ or suffer no waste, impa~r~,;rnt or d~trr:crar~on of sa~d prcperty or any part the~~of. ;
5. To pay alt and s~ngular the costs, charges a~ d e.cersrs. ,n:iudin9 a rcasonau!r atrorney"s fr~ ar.~ ccsts of ahstracts of t~t?e, incvrred o+ pa+d at ~
tny tirne by s~~d MORIGAG`E, beca~se o~ in tne event of ih•_ f~ ~urr on tnr c~~t oi ihe sa~d MORiGAGOR to duly, promptly and Fuliy ~rform, d~scnjrge.
_x~cute, effeu, compiefe, canNtv w~~h and ab.dr by each er.d r:ery the stir~latons, ayrc~~m~~nts, cond~~~ons, and covena:,rs of sa~d pro:.~:sso.y note and tni~
.,~x~gage any oi e~~her, and sa.d costs, chargrs and exHcr•scs, ra~h ~nd eve~y, snall t~ i~rmed~ar.:ly due and payable; v.hefher or rtct there be nof~ce da ~
a~~d, at~empt to coliect or su~t pend~ng; and ~he fuL' a~no.,nr oi ea:h a~,d e.rr~ sv~h paymrnt shalt 6ea~ ~nferezr from ~he date the~eof until pa~d a~ the ;
•~e o° r.~ne per crni~m f.er ail sa~d ccs~s, c<<a•9es a~:d ~,;:c•~.scs ,ncu~r~-d or Na~d, together w~th such inre~est, shall be sec~red by the I~e~ of th~i
mortgage. `
6. That (a) in the event of any brcach of th~s Mo~tgage or dr.favi~ o~i tFe part of the h'.ORTGAGOR, or ;b) ~n the event any o( sa:d wms of money S
h~rein refer~ed to be rot Fro~nptiy ar.d fuily pa~d •:.~r!.:-< ~ty ;3J d~;s ~•r.•r tF~c s:~ »e se.e~a':y ceco~nr due and payabte, witho~t demand o~ natice.
;r ;c) in thr event each and every the st~~u:a!ions, agree:ner.ts. ce .d~hens ar.d covenants of sa d Fro~nisio~y note and th s morlgage any o~ either are not
iu:y, promptly and ~uliy pe~for.ned, d schargcd, exetuted, effrcted, co:~~Nleted, co+T~: ,:ed v,rth a~~d aL d~~d 5y, then in e~ther w any s~ch eveM the sa~d ag
~regate sum menuoncd in sa~d pro~n~sso~y nc~a then rc~::ainmg u~~pa~d, w~th ~:~terr,t acucrd, and a~i mo~xys secu~c'd hereby, shall become due and pay-
e::.~ iorihwith, or thereaf~cr, at the opnon ot se.d h!GRiG:.G~E, as fv.~~r ~~ul comrl~r~•:; as ii a:i of tl,e sald sums af money were or:ginally snpulated
to br oa d on such dc/, amr~h~ng in s.a d pro~n.ssory nete or ~n th~s 6lortga~•- to the co~~~~ary ~.c+.~~~hsfa•~d:.~y; a~~d thereupon w thereafter a~ the option of
s~ d MORTGAGEf, w~tF.ou; not~ce or dema~~d, su~t at idN' Of ~n equ~t~, th~+rforr or thereatrer begun, may be prosecuted as if all moneys setured hereby
r_d ma~ured pnw to ns ~nst:w!~on.
7. That in the event rhat at the beginn~ng of or at any t.n,e F~~nd~,e9 any su~t uro~ fh;s Mo-tgage, o~ to for¢~tose it, or to re}orm it, or to enforce
,~r~nent of any t!arns herevndrr, sa~d t.tOR7G~GEE sh3:; ~p,;!y to the Cc~rt hav~ng ~~~~~d.r.,on thcreof for the aopo~ntmeni of a Receiver, Such Court shail
,-~hwith appc~nt a receive~ o~ s~~d mcrtgag~-d properfy ai! ~~~d s~nyv:ar, ~:~cl~,d:,g „'~7 a~~d s: •g~~ar ~t.e income, profrts, issues ar.d revenues from wnatever
s ~rce darived, each and evcry of •~h.ch, i+ tx~ng express'~ ,:~.ders~co3 ~s +er_: r mc~!g~y~d as rf spec:~~<a;ty set forth and destribrd in the granhng and
!~`xndum c:a~ses hereof, a~d such Rece~.er shaii ha:e ai: ti~_ cr„ad o~.d rtr~•c•:ve fu•~cr a~.s and pol~ers in anyw~se emruated by n Court to a Receiver, and
s cn appo~nrmen~ sha~l be made by s~ch Ccvrt as en ad •::+~~d ea~~ir and a e o~irr ef at:so:~te r.ght to sa~d MORTGAGEE, and v.i~hout reference to the
:.au~ey or inadeq~aty of tF.e va:ue ef !he p~ope~ty mo~tyoyed or to tn~ s~: ~e~~,~ e. ~nso..~nty of sa~d M1~ORiGAGOR or ihe deiendants, and that sueh ?
~~s, prof~ts, inco:r,e, issves and reve~iues snatl be app,~ed cy s~ch RG4•t:E f ocwrd.~,y to thr l~en or equity of sa:d MORiGAGEE and the pract~ce of such
Ca~rt.
B. To du!y, promp!!y and ful!y per{or-*,, d,sch,.ge, execure, ef`ect. co.r~~I~•te, c~~~~u~/ w~+h and abide by each and every the stipulations, agreements,
~~~~d~nona and covenants :n se~d pronussosy nore and tn:s ~.~rr3a~> s_r ~or:n_
; 9. That in the event the owr.enhtp of the mortgaged pre~,,~ses. or a:,v r.3rt ti~creof, becomes vested in a person other than the MORTGIIGOR, t:u
j :.^.RTGAGEE, its wccessors ar.d ass~gns, may, wirhout ne~~ce tc the :110ATGAOR. deai w+fh wch svccessor or wccessor in interest with refere~ce to this
~ ~•rgage and the deb~ hereby secwed in the same manner as wnh ~:tr.tyegor w~th~ut in an~ way vitlafng w d~scha~g~ng the Mortgagori Iiability herr
~ a... a,.~.. ti,...~... .,.......a r.~,. 1 ...~.e,,.,~,v.1 a~ri n~ fh/F.Pd/dnfP c~n the nart of the /dORiGAGEE ot its wccessors
ass~gnsrard no extension of the r~m~- for tFe ~ayme~~t ~~f tne d~be h-~reby secu.ed given by the MORTGAGEE or its svccessw~ or ass:gns, a~~a~l operate
~ ro release, d~scharge, mod~fy change or aifeu the or~g~~ia1 I„b;;,ty of ~h> IS".ORTGAGOR here~n, either in whole or in part. j
i ;
10. It is spedFitafly ag~eed rhar t~me is of fhe ease~ue of ti,is contract and that no waiver of any ob~~gatlon hereunder or of the obligation se- ~
s a~red htreby sha;i at any hn,e therrafter be he:d ro be a waiv~r oi the terms hereof or of ihe ins:~ument secured herby.
ti
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~ l l. In acid,nc:~ to the forege ng ,:~onth`y pay.r °:~~s of ~<<-: r~~ sr.d ~~~~_~o<s~ req:. ~ed 'ny the prom sicry no!e sccured hereby, mortgagor covenants
~ agrees ro pay to mo-tgagee •n:eh ~~ach monrh'y ~a;~ e~~f ar: a,._,..:.:nsl s~m ~sf ~ ated b~ mortg~ge^ to be equal to 1, 12 of the annual cost ef the follow-
~ , A-A11 real F;roperty taxes icv~_d or assess~o ag+~ ~st th_ ak:~cc d~sv~~.•_d r_e~ esr,,te. ~
S 6- P~en:~v~~s on fire ar.3 windsto:~n insuracce as i,ere~n req~.rc•d to 6<~ carn•:d c,~ tne i~n; roveme~ts s:tuate on the above d~scribed premises. ~
z C-Premiu^~s on wch mortg;ge gua•ar.ty insura~.ce ds mo~tgagee sha~t tro~~. t n:e to t,~r.e deen fit to cany on the loan secured hereby_
~ l~lortga9ec sh,7 ~rc~n tl~ne to t~~~;e nc'~{~ mc~t~~go~ ~n ,r.r~t,r.g of the a- ou•~t d.,e and payaole hereunder and such sv~n shail thereupon be due and
.:sbie on th•; due date oi th~ c_.t n~~enth:~ oa~~•~~~it a~•.d e:.'i SJ:CCSLJC '~.C'1tF1 thereai.~r u~.til mcrtgagee sh3!I not:fy mortgagor of a change in Such
~ ouM. $uch su~ns s!~a:~ i:e a;~~:.~rd by mortgag•~r to,va•d ti~e Fay~nent of r~a! property taxes, insurante prem:ums, and mo~tgage guaranty insurance
: . •e~niums.
^ IN YJlTNESS ::HEREOF. fhe sa~d MORTGAvCR has he.eu~~to set h~s h~~.d Ca~d~~ th day and year fint aforesaid.
~ I.+J Sign_ , Sealed and detivered in the preaence of: f~~Ep J~N1Y p~ ` ~
~ ` S~.IUC~~~~~F,:~:A11S µ J ~ Seal)
r PO.,; .,3.: CC at
- CIERti G: ~ (Seal)
- R~CG:;~ r:- L' ? • ' 1 ~ i5ea1)
~ - - ~C ~ ~O 4 43 ~ 1 1 ~Sea{)
Vr
~ STATE OF FLORIOA
~JUtJTY OF ~_i_l~SLSelE 1
~ 2213~9
~
~ Before me rsonall a ared _ W1~1~32+~ F Te ~chner and
~ Pe Y PPe ~
_ _ Jar.iee G. T@SC~':TI@2' his wiie, to me we~l known and known to me to be ;
" tt:e individuals described in and who executed the forrgoing instrument, and atknowledged before me that they executed the same for the purposes `
- rherein expressed. And th. said_ JaniCe C?. Tesehner t
~ .:;fe of ~he sa~d ~r'illiam 1'@SC~'1fleT__ _ upon a separate and privste
exam~natort by me taRen sepa~ate and apart frcm her said husband, a~know~edged to and before me that she exet~ted said insrrument freely and voluo-
`r~ tanly and w~thout any con~~ ulsion, constraint, apprehens~on, or f ar of or from her said husband.
- WlTNESS my hand and offic~ai sea! this- day of_ ~e~jII A. D. 19~L
iJ ~t1LYSfd~_ 3
- Notary Public in and for tbe State of fiorida at large 3
, My Lomm~ssion expires: f/ ,Z 3- ~3 ~
- Ret~m io: - .c~- IIOTAIrr PUBLIC, STATE OF fLORIDII AT I/IRGE
First federa! Sa•:ings d~ Loan Asso:~at.on '1 (`,OMMISSION EXPIRES SEPT. 23. 197f
o~ F~:., P.._ ,r--> sa+o~ rKRU F~ w. o~~sTEUaRSt £
~r
For. P~~•rce. Hcr cJ.;
3
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= This Instrument Prepared By • ' ' < • :
First Federal Savings 8 Loan Association
J;' of Fort Pierce ~ ` ~
C~ ~
Checked BY ~ r~------------- -
_8o~x198 P~1272
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