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3. To p!ace and connr.ucus!y keep on the Lu~ d~~:as now or h~~«•,is~r a:T~,re on s:,~d tand and on a!: eq~ipment and personally tovered by ihis mor
e3e, w;~h ail prem;ums Ih2f?p0 pa d in f~:i, f:re ;r.sw.,~~c~• ~n ~ir_ ~,swi s~..~:J.~~d No,~cy form, in a s~m aF~,ro.ed by the h10k~~aGE[, ard w~:~ds~o
nsurance in the usual st,~nd~rd po~.cy f~r~n, in a s.,m a;t.ro•~'d L,? t?~e h1JkTGAGEE, in wch company o~ compan~es as the h'.ORiGAGEf m
d:~ett: and alI fire dr,d w~ndstorm inw~ance po:~<~es en any of s.>~d b:~il{/.~iys, any interest ihrriin or parf thereof, in !he agqrcgate sum aforesaid
~n excess thereof, shall conta~n the usv~l sfa~ d;rd mo~~~ ~3ee ua~se or i;,;h other c!avse as ~he 6lorryagee may ~eyu.re, making thr loss u~dr~ sj~d po
cri, each and every, payab'e ro sa~d ~tOR1GA~ EE as ~ta ~m.~r~ st „~ay a;;pvar, a~,d ea~h and e~e.y s~ch p.;~~c~ shal! be prompr~y ass gned end de~~~'ered :
any he!d by sa~d MOR[GAGEE as Iw~hrr sewrity to sa~d r.~r+y,,~r d~ut, acd, noi tess tfian ~en ~SOI days in ad.ance oS thN expvaf~un of each poGCy, ro d.
~.er to said MORiGA(',Ef a renewal thereof, toge~hrr w~~h a r.~c~~pt fur th~ ptr:n~vm of such rene.ya:; a:~d ~he~e si,aU be no i.re o~ wn~dsr;,rui insuranc
c!iced on any of sa~d b~~!d~nqs, any interesf ehrre~n or F.a~i ti,ar~•of, u:r~ss ~n ;he form a-,d w~rh the loss payable ~s afcresa~d; ard in the evrnt any sun
o{ money becon:es payabte ~ndrr wch policy or po!~c~rs s~~d :",JRIG:.GcE ah~fl ha~e ~he opt.un to recvne and app!y the aame on a;co~n~ o( tha i~~debt~~d
n<•:s sewred i:er~by ur ro pern,~1 said N10RTGAGORS ro n c~~~ve acd uie it or any , rrt rii~•-eoi ier arn• r i;i~:_-af, s. :::~r~o.;f ~h :a; ,v.:,.~ ~3 cr •na.~~
~~g any ~qu;ty, Gen o~ ~~ght und~r or by virwe of ~his n,;,:~~,~ge; and ~n the evnnt sa d h1pRi(;AGORS shi!I 'or a~ry reasun fail to keep the sa~d prem;~:s so =
~nsu~ed, o~ fail to da,~ver prpn,plly any of said pol,cies ef ~nsu:ance to s~d AtOATGAGtE, or fa~l p:omptly to pay fu:ty any pre~~~ivm therefor or in ar~y ~
respect fail ro perform, d•scf~~rge, exacura, eftect, cony:a~a, co:ny~Iy wiih and ao~de by ih~s covenant, or any p.~r~ hereo(, S+~d MvRTGAGEE may piaca a•d ~
p~y fo? such insurance or any part thereof wuhout waiv~ng or affecting any o~t~an, lien, equrty, or nght unde~ pr oy virfue of th~s h5c~tgaye, and the ~
t~~l a~nount of each and e.e~y such paymrnt sf~a:f 6e ~~n~nrd~arety d~e and payab;e and sha!! bear inrt~~~st from ~ha dara nc~reof until p~~d ai the rate o1
~e per can~um pcr annum end tog~ah_r with such iirr :sf ch,,:, ~a s~~c~rrd t~y the ~ien o! this mort9age, ~
4. To permit, commit or suffer no waste, impaitment or det~~noration of sa~d propcrty or any part ihereof.
5. Yo pay all and singular the costs, charges and expens~~s. in,luci~ng a re::sonab~e attorney's fee and cos~s of abshacts of t~tle, incurred or paid a~
an•y time by sa~d MORTGAGEE, because or in the event oF rhe fa:iurc on ~he pa.t oi the said h40RIGAGOR to d~~y, p~ompNy and fu~ly pe~form, cl~scharge
e.ecute, effect, canpiere, comply w~th a~~d ab:de by each end every ihe stip~iat~ons, agrecm~nts, tOndi?~ons, and co~enants o~ sa~d promissory note and ihis ;
,,artgage any or enher, and sa~d cosrs, charges ar~d Faprnsrs, each and e~ery, shaft be imn;~d~atety due and payab!e; whether o~ not rhere be no!~ce d~ k
n:and, allempl ?o co:;ect or svit pend~ng; and the full a~novnt of ea;h and e~cry such paymeM shali brar interest from the date tF.ereof unti~ paid at tht
r?c o~ n~ne per cantum pcr an~~~:n; ~~d afl said cosrs, ci;a;g~~s ard cs;.er.s~s [ncurred o~ paid, tog~•~her ~v~th such interest, shall be secured by the iien of th~•
mortgage. j
6. That (a) in the event of any breach o/ ?his Mortgage or defauir on th> part of the ~10RTGAGOR, or (b) in the event any oF sa'd sums of money
I:erein refer~ed to be not pror.iptty and fully pa~d withm th~•ty ;3u: d~;s ncxe arr~•r t'~c s.~~~~e se~era:,y 6ecome d~e and payable, w~thout demand or notitc.
.~r (c) in the event each and every tF.e stipuiations, agreements, cend.r,o~~s and covenanrs of sa d promisso~y note and th~s mo~tgage any ~ enher are not
j~'y, pra~nptly and futly perform~, d scharged, e,cecuted. ef+ec~ed, co~np;ered, compt,ed v~+~h and ab~d~~d 5y, then in e~ther w any such ever~~ the sa~d ag
a~egate sum mentionet! in said prom~ssory no!e ~hen tam~~n~n9 unpa~d, wuh inrrr~•;i acaued, and a;I mon~ys secured hereby, shatl become d~e and pay
e~ e fo.thwith, or thereafte~, at the opt~on af sa~d ht02TGAGEF, as fu~iy ancl comp;e~ely as it aIi oi th~ sa~d wms of money were or~g~naily sr~p~:ated
ro be pa[d on such dty, anyth~ng in sa.d pro~n:ssory no!e or in this h~ortga~_ to the contrary not,n~thst3~id~~~g; and thereupon or thereafter at the op~~on of
s d MORTGAGEE, without not(ce or demand, suit at law or in equ~ty, thereio+e or the~rafter begun, may be prosecuted as if all moneys secured hereby
r.:d matured pr~or to ~ts institut~on.
7. ihat in the event that at the beginn~ng of or at any hme pend~~~g any surt upon ~ti,is Mortgage, or to foreclose it, or to returm it, or to enforce
~~aimeM of any ciaims he.ewed^r, said htORTGAGEE shalt appty to the Courr hav~ng wr~scl,cron th~•reof for thz appo;nt:nent oi a Receiver, wch Cov~t sha11
r; ~~hwifh appoinl a recei~er of sa~d morfgaged property aIl and Sinyu!dr, inci~d :~^y a~~ ar.d s~~~gu:ar the income, prdfds, issues and revenues from whatever
s-~-cc derived, each and every of xh:ch, ;t ~;n9 express!y undrrsrood, is ker.b~ morrgag~~d as ~f speu~icatty set..fmth and described in the g~anting and
f:=~end~m dauses hereof, ar.d such Rece~vcf shaii have al! ~hr br~ad a~ d eticti~~~e f~nu.o:u and po.,,ers in anyw~s~{emrusred by a Co~rt to a Receiver, and ;
s.:h appointment shatl be made by such to~rt as an ad:nith•d eq~ity and a ~,att~~r of abseiute ngM to sald MORTGAGEE, and w~rhout reference ~o the ~
a.? ~quacy or inadequacy of the va(ue of the properry mongaged or to the sanency or ~nsa.vency o~ said MQRIGAGOR or !he defendams, and that such
r•~ ,~s, profits, incc.ne, isx~es and revenues shail ~ app~red oy such Rec~~~er accord,~:~ to the I~en or equrty oi sa~d MORTGAGEE and the p:actice of such
Court.
8. To dufy, promptly ar,d fu[~y per~orm, d:scharge, exe:ute, effect, co~,+p!rre, co~:~pFy w~rh and abide by each and every the stipuiations, agreements,
:d~tioas and covenants m sa~d promisso~y nose and t~,s ~no:sg3ye s~t fo:;h.
9. That in the evero the ownershlp of the mortgaged prennses, or any part ti,erecf, Eecomes vested in a person other than the MORTGAGOR, the
Y~RT(',AGFE, its svccessors and assiqns. may, without not~ce to ~he ~~.ORTGi-OR, d_•a~ w~rh such successo~ or s~ccessor ;n interest wirh referen~e to this ~
o•rgage and the debt heroby se;ured in the same mann¢r es with Llortyagor v~;th~vr in ar,y way vit~ating or d~scharging the Mortgagors' liability here-
~~~drr or upon the debt he~eby secur,.~. No sa,e of the pren;;ses h,reb~ mortgsyed a~d np forbeara~ce on the pa~t of the MORIGAGEE or its sutcessors F
assigns and no extension of the t;mz for the paymenr of Yr~e dcbr h~rcby secu~ed 9iven by the MORtGAGfE or its suttessors or ass~gns, a~iall operate "
ro release, dncha~ge, mod~fy change or affect the origmal liau:;~~y of the MORiGAGOR herein, either in whole or in part.
10. It is specficaf~y ae~eed that rime is of the esse~ue of th~s contracr and thar no waiver of any ob~~gat~on hereunder or of the obligation s~
c;~ed hereby ahal~ at any time ~h•_reafrer be hefd to be a wa~ver of the ~erms hercof or of the instrument secured herby.
i
li. In add.t~o~ to t?~e fore~cn~ n-ontli!y Hayr.~,nts of pri~;c;~al and ir.r._r~•sr ~equ~red by ~he p~omsscry no!e sewr=d hereb~, mortga~or covenants
~ agrees to pay ro mo-tg3g~~ :ti,rh each menih'y pa~~.,e~~t an add::~ona: sum esr ared by mortg3gee to L~e equaf to 1, 12 of t,ie an„ual cost of the follow-
~
A-A~I rzal prope~ty tax~s (e~ned or assesseti ag.ai•~s! th•~ aE~.e dezcri~~d r_a1 esrate. ~
6-Ptem~~rns On fne and wir.dsto:m insvra„ce as fiere~n r:,qu:r~d to b.~ carn._d ri the ;mrrovemc:~TS S~i~ate on ih~ dbovC d_xribcd premiSe3_
C-Pre:niums on such rrortg;ge guaranty ir.wra:.ce as mo•tgagee si:a;f frcr t r~e ta time deem fit to cany on the ioan sec~red hereby_
N~ortgagee shc l'rcm ne to t~~;e not~f ~ morty~ge• m v.r~nng of the a• o. ~t dve and payable he~eundar and such suT shait thereupon be due and
~~ab~e on the due drte of rhe r,eret mo;,rh:,r pa~:rer~t ar~d each successive mo~rh rnercafi~r ur.tii mcrtgagee shall noGfy mortgagor of a change in such
•~.:~t. Such sums sFa:i be apn'i~~d by morrgag~_e tov.a•d the payment of real property taaes, insurance prem;~ms, and mongage g~aranty insurance
~ ~e,niums.
IN 1VITP1ES5 :.'HEREOF, the sa:d A10R7GAGpR has he~e~nto set his ha~:d and s~al the day d ar fi resa' ~ ~
SSgned, Sealed and d've~ed ' the presence of: v ~
' ~ a~ / i
- . - - ~ HaI P. Williams c~ai~
_ " `~1-- -
l.l.~.,~.r,t ~s~a~}
- ~'li.nnie K. Williams <s~ai~
, ="ATE OP f10RIDA ~ '
~.-?uNTY OF .Sti. I~IC~.@ ~
1
Before me personally appeared Nal P. Wi7lian~s and
, Ki 11r1 1(. Williams his wiie, to me well known and known to me to be
r's= individ~als desoi6ed in and who executed the ioregoing instrument, and acknowledged before me that they executed the same ior the purposes
rhe~ein expressed. Ar~d 'he said Minnie :•,~1.~.~c'i7tl.S
~e of the sa~d H31. P. Williams ~ u~„ a seRarate ~J?d.p?lvai~
e.am~nation by me taken separate and apart from her sa~d husband, acicnowiedged to and beiore me that she executed said instrument t~eely end`vOluo-
ra~~ty and w~thcut any compulsien, constraint, appre en ,~ndor fear of or from her said husband.
WITNESS my hand and ofi~c]al seal th~s_ _ day of___ ~rC '._~=~j.~'~q T2
N tar~ Pubtic in an for he State of ~~ida'~t Large :
M Cemmission expires:
Retum To: - ~
; ; ~ • s
F~rst Federal Sav~~gs 3 loan Assoc~~r:on NOTARY PUBUC STATE (1F FLORlO~ ~'~1 RGE #
O~ Fore ?~;ce MV CC~I!.t1uSiON E::9ii:~'3 .'.:.'~•.1. 'j, 1975 ~ . ~
GENE~AL tNSIli'cA1+ICE UNIJE i~1R1TERS, 1(~fC.
fort Fie~ce. F(ond3 •
~ -1 . : s ~
~ •••::Sts i}~
FILEO AND RECOROEQ
St.lUC1E COUNtY f~A. c
This Instrument Prepared By Riehard K. Kayes ROGER p4~tRA5 '
First Federal Savings 8. Loan A;sociat~on CLERK C~~CUIt COUR?
of Fort Pier e RECORD VERIFIEO ~
c F'Iorida
,
Checked By - - ~ 1`{ ~Q 32 ~ ~~Z
c~ ~~~9
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