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3. To ptace and coniinuously keep on tne b~~ d~~.gs now or hereafrer s:tuare on sa-d !and and on al• ~-q,,~p~re~t and perwna~ly cove~td by ~h~s mo~~g•
egs, w~th all premwms thcreon pa d~n f~il, f+re ir.suranca ~n tna usoal sta~4ard po' ty form, in a s.:~n appro.rd by tna Id'JR~v:.C~;[, a~~d w~nds~oim
~nsuranee in the usual s~a:~dud po!.cy tonn, in a sum appio.aJ 6y iha MORTGAGEE, in such company or cc npar:.es as rhe A!OR1vAGfE may
direc~; a~d alI fi~a ar,d w:nds~orm inwrance potic~rs on any of so~d kwiid,ngs, any in~erest rherzin or part ~harrof, in the agg:<~~+e su~~ aforesa~d or
in excesa Ihereof, shall conrain ihe usval sTa~d~id mOrtgag~e cia~se or such oiher c~ause as the Mur~yagee may ~e:~~.re, n:a~~ng ~hc ~osn unJer s~~d polr
cies, eath and eve~y, pay~~:e to sa~d AtORTvAGEE as ~rs ~nr~rzst n,ay appear, a:~d each a„d every SUif1 N:J'~if sl~etl I;o ~uo~:Nr.y assg~~~d a~:d J~:~.~~r~~d to
eny held by aa~d MORfGAGEE as (unha~ sec~ri~y to sa:d ~~:or~g>~e Grnt, af~d, no~ tess than ten (IQ) days in ad..,:ue of i!~a ea~~~rat.ori oS each po'~cy, ~o dr-
Gver to sa~d MORTGAGEE a renew•al the~rof, toge~her with a rece~pt for ?h> pre~n~um of such re~ieha!; a:~d thcre st:~!! i:e no f.re or ,tian~sto~m inw~ance
pleted on any o! said bui!dings, any interest the~e~n o~ pa~t thereof, unlei: in ihe form and w;th th~ ioss payao'e as a(cresa~d; and in the eve~t a~~y s~m
of money becomes payab;e undrr such po;icy w po~~c~es sa~d MpkTGAGEE sh~ll have tha opf.un to rece~~e a„d apF:!y ~;,r sa~~~r on accoun~ ot rhe ind~•ct~d-
ness sewred hereby or ta perm~t s3:d MORIGAGORS to recrive and ~se it or any pr.t ~r.er~~~f tor o:~~• r H•.rr s. rh
~ng any equ~ty, I;~n or r~ght under or Ly vir~~e of th~s morrgage: and in thr ev~m sa:d M0~2TGAGORS sha!t fo~ any ~eaaon fa~l to krep ~he so:d prenus s so
u ~ N...~.~~,,.~ : . ~...~....,~e
~~iav~eu, v~ ieii :v e... ~ - .•e . L' - Jj ';_~~_i:: Cf . . ~n ..~rt Ml1GTC;AFff. o~ (o~! O'omptly f0 Pdy tu::y diiy p'c^n,~^~1 il:erc{Jt Ot in dny
respect fail to pe~form, d~scha~9e, ,xecu~e, effrct, compl~tz, canply wi~h and ab~de by this cove~ant, or any part herroi, s+:d MuRi;;~G:t may ~~,ao- a~o
pay for such insurance or any part theieof w~thout waiving w aftecting any opt~on, Gen, eq~ny, or r~~l~f u~tdcr or b1 v:~tue of th~s i',errgagr, a«d che
tutl amount o) each and e.ery s~ch payment shal! be ;,n,nediare!y due and payable and ahall brar inte~rst trom tha d~tr th~reof un~il p„.d at the ~sre ol
n,ne per cenrum per annu:n a~d 1o3rth_r ,niih such ~nte~cst sha~i be secured by the Gen of th~s mong3~2.
4. io permil, commit or suffer no waste, impaSm;ent or detrr~oratlon of said property or any part thereof.
5. To pay all a~d singu!ar the costs, charges and exµe~~srs: incluu;~~y ~ reas~~.a,~-„e a::a: :cy's fee a^~ ces!s ef ahSVacts of rir,e, incuned or pa~d at
any time by ss+d MORiGAv:E, because or in the event of ~he fa:lure on the por~ of the said h10RTGAGOR to ~iu:y, pro:Tiptly and f„!iy perfonn, d~acherge
eaecure, effett, comp;ete, compty w~th ar~d ab:dr by each and every the stipvlat~ons, agrrements, conditio~s, and covznanrs of s~~d pro»~>so~y note a~•d ih~y
~~ortgage any or eiiher, ai.~ sa:d cests, cha~ges and expenses, each and every, shal! be immrd~ately e~~e and payab:e; v.he~her or r.ut rhe~e be not~cr dr
mand, attempt to collect or suit pend~r.g; and Ihe full amovnt of each and e~ery such paymem sholl bea~ interest From ihe date thereof until paid at the
~~+e of n~ne prr censu~, p~r tli1t1U T~ „n~ dii sa~d cos*s, ci:arges and exrrnses ~~cucred or pa~d, 1py2tli2f w,rh such inrer~st, sha77 be seci.ed by the Lrn of fh~s
mortgag0.
6. That (a) in the event of any breach of this Mortgage or default on the pa.t of the h'IORTG~IGOR, or ;b) in the event any of sa:d sums of money
herein referred to be not p.c~nptty and tully pa~d wi~h~n ~h~rty ;30? days nex~ aiter the same seve~a'iy Eecome d~e and paYob!e, Wit~JUf demand a~ nor~ce,
er (c) in t~e event each and every fhe shp~~ai;ons, agreements, cond~t~ons and covenan:s ot sa:d promissory nota and ih.s mortgage any or e~ther are not
iu~y, promptly and f~tiy pe.io~med, dscha~ged. exewted, effected, completed, co+npi~ed whh and ac~d<~d 5y, then in enher or any aucn evzro the sa~d ag
3'~'9ate sum mem~oned in said pronussory nofe thrn re~.:a~r.;n~ ~n~aid, vrith ~nrere;r acvued, and a;l moncys secured hereoy, shall bece~:~e dve ar.d pay-
~c.e forthwith, or thereaf~rr, at the opt~on ot sa~d h10RiGAG~E, as fu11y and corr.p!eee~y as il ail of tne sa~d sv.ns of money v.err or~g;na:ty st~p~.atrd
ro be pa~d on suth day, an~thi~i~ in sa.d pro~n~ssory note or ~n this h:ortgage to the tontrary not.v~rhst3nd.,~g; ai:d thrre~µan o~ nc~~reatter at ehe opt~on o}
s~ d MORTGAGEE, w{thout nor~cr or demand, sua at law or ~n eq~~!y, the~efore or thereaitar beyvn, may be proxcured aa it all moneys secured hereby
r.,d matured pnw to ~ts inst~tution.
7. That in the event that at the begir~n~ng of or at any time pend~ng any su~t upon this ,14ortgage. or to loredose it, or to re~orm i?, or to enforce
f'ayment of any cla~ms herevnder, said t1.ORTGAGEE sha;l apply to the Court hav{ng ~unid.r.~or. thc~eo4 for the appo~nm,em of a Rece~ver, such Co~rt sha4
t;•ih~v~th appc~nt a re[ei~er of said mortgaged property a!I and sin~ular, in~lud,ng aii and vr,~u~ar t4•~ inco~~;e, p~cfits, issues ard revcnucs from wh~tever
s~~.rce derrved, each and every o`. wh~ch, ~t be~ng expressly undersrood, is f_ereby morryagrd as ~f aF-ec.ficai:y set iorth a~d dru~~bed in the grantu~~ and
h.;oendum cia~ses hereol, and such Recr~~er sha~f have a!1 the broad and effecnve funr.ons and pav.e~s in a~yw~se enrrt,sted by a Co~rt to a Recei~er, a~•d
:.,h appoinrment sha~t be made by svch Co~rt as an ad:•,~tt,.~d equrty and a matter of absol,fe ngM to aaid M02iGAGEE, a~d wirirut reference !o rhe
r..frquacy or inadeqvacy of the va:ue of the property morrgaged or to the so.vtncy or ~n;o,vrncp of sa~d A10RiGAGOR or the derendants, and thet such
n•,~s, profits, income, issues and revenues ahaii be app;~ed 'oy wch Receiver •atcord,ng fo the lien or equity of sa~d 61pRTGAGEE and the pracnce of such
Co~rf, .
H. To duty, promprly and fu~ry per~or.n, d~scha.ge, exec+,~e, effect, comp!ete, compf~. x•;rh and abide by each and every the stipu:atior.s, agree~nents,
:onditions and covenants ~n sa~d promi~sory note and th;s morrgage se~ fo~th.
r 9. That in the event the owne~ship of the mortgaged pre~~~ses, or any part thrreof, becomes vested in a person othe~ than the A10RTGAGOR, the
:~RTGAGEE, its sutcessors dnd asv9ns, may, w~tho~t nc•;ce to t~e A'ORTGA~R, dea: ~nith su:h svttessor or suc.essor in mterrst with reference fo this
r.~o•t9dge ar~d fhA debl heteby 5ecured in The same manr.er a5 w~th 1'~torlgagor w~thout in dny ~vay vii:ating u~ ~~a~i~e~u~~~~g i~.c :'.Gr:gdy-os5' ::~b:i:!y hece-
e,~~der or upon the debt hereby se:i~red. No sa,e of the F•em~ses hrreby mu~tgaged ar d no fo~bearance on the pan of the .10R1GAGEE or i:s svccessors
or ass;gns and no eatens:on ef ±he ::~ne fo~ the payme:,t oi the debr hereby secvred g~ven by the hRORTGAGEE or its suctessors or ass:gr.s, aP~all operate
ro refease, d~scharge, modify ct:ar.ge or afiect the or~g.nai :iau;,.ry of ~ne MORiGAGpR herein, eitner in whofe or in part.
10. It is spec~f~ca~.y agreed that time is of the esse~~;e of th~s conrract and that no waiver of any obl:gat;on he!eunoer or of the obligation se-
cvred Fereby shat~ ar any trme rherea'rer ba heid to be a wd,v~r of rtie te~ms hereof or of tne insrrumem secured he~by.
I1. In a:id tio~ !o the fore}~ n~ m~r.th'y payments ot pr1~c N31 and inte+est req~~red by the prom ssory ne•e secu•ed hereo~, mortgagor covenanTs
,•,d ag.ees ro pay to ~•~ortg~g~e .•.~~h ea:h r~on•h y~,a~~ .ent an ;dd :ional sum ~~ed 6~ morty3gee to be rq~a~ to 1 12 of tae ,:,:~uai cost of thP fotiow-
'
A-Alt reai rropertf taxas 'e.~~~ or 3ss<~ss_ci ag3; s! thc a~~~e dest~~~~ d:ca~ esrate.
, 6 Pr~n::~•~s on fne a•:d r.~:;dsro-;n ~r,sv:a~ce as i~c:~•~n r;G„red to be .._:ricd c•i ~he icit.rove•ne~tS s:!vat~ on th~ abovc d-scr~F.ed prem;ses.
C-Pre:nivrrs on soch ~.;,~•~..ai g~aranty :ns~ra• ;e as r ert3ag_•e sha~l fr_ ^ t~ne to time deem fit to carry cn the toan secured hereby.
6?ortgagee she:+ fr~~n e~:.;~ ~c +•~~c not+`, mcrt;agor :n v,nt:rg cf tne aro, d~e and payab~e hereundrr and such sc~*- sha~i th~•reu;:un be due and
,~.ab~e on thz due da*e oi ~F,~ ncnt ~~~~oth., F>,y +•~•;~t a~~d e~c?~ s:,ccesrve n:o~vh tnereaft~r vr,tit murtg3gee sha!t rot,fy mortaagor of a change in svch
~ ount. Such w:ns sha.~ :,e a:;pi~~-c~ ~y mOr+g~_~ce to:.a•d the pai~r:enr oT rra: prepe~!y taxes. ms~rar,ce prem.ums, a.Td mortgage gwranty insurance
,remiums_
iN 1YITNcSS :.'HEREOF, !ho_ sa:d h10RTGAGOR has hereunio set his ha::d and seai the day an yea~ first aforesaid.
~
`Signed, Seated and ~E'.' ered in 1?~e presence of:
- j r-~ \ ~~,~~;~`~!_f~~ ,~C.JC~~fG~~'E~'_ (Seat)
t 'T_`_
WOOdlOw Gd1u1CQ t5~a~)
_ : - ~ ~ / -~'-f=~G ~e1_-~ (Sea?)
- ~ ~ Naomi Gaunce tseai~
; S:ATE OF PLORIDA 1
~ u.
! CJUNTY OF St e ~
Before me personaliy appeared WO~YOw Gaunee and
Na~di GaunCe fiis wife, to me well Rnown and known to me to be
rne individvals descrioed in and who executed the foregoing instrument, and acknowfedged before me that they eaecvted the same for the purposes
rhere+n expressed, And the said_~__-_____ _ NaOII~ Caa13AC@
:.:fe of rhe sa+d WOO$Ydff ~~TM±Cp ^ ` ~ .j saPe~e, Shd-privste
e~am~~ation by me taRen separate and apart from her sa~d husband, atk~owledged to and before me that she executed said~irfal}u.~iNFft fceety~=and,~lup-
~r~Iy and w~thout any compu:sion, co~strsfnt, apprehens.on, or fear of or {rom her said husband. . '
WiTNE55 my hand and offc~al seaf rhis_ -_~l~_~_~_ day of Januarv ~ , A~ ~
~ ~
7~3~~:
1` ~ ~ < -
-jt-- - ~ 1 - < _ =
Nora{y Public in and fcr ~j of ~(pri at-ierge. ~
My Comm~ssion expires: -
Return To= w_ a 3 y";
y~"~~
~Li l~ ll • t ,
Firsr Federal Savings 3 Loan Assoc:ar~on v~z ^ T~j ,
Of -r P - -
Fon P~_'rce F:~_~I,S.a FiLEOIIftP RECORDED
S?. WCIE COUNTY fLA.
ROCEq POITRAS
CLERK CI:tCUIT COURT
aECoQ~ vERiF~EO._.._...._~-~~: ~~f~'`
This Instrument Frepared ByJ. H. ROb@Zts~ JZ.
First Federa) Saviregs 8 Loan Association ~ ZZ P~
of Fort Pierce f Florida
Checked ey~~_____. ~
~i~ ~5
~ _ _ .
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