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3. To p~ace and contin~o~s~y keep on the bu+'J~~~9s now w he~eafter ~~tuate on sa~d land a~d on a!i cq.:~p~»eN ar.d persona~~y covered by ~his matg-
sge, w~th al~ prem~~ms ~hrreo~ pad m f~l:, I~re ins~ra~~ce ~he us~at srandard po~~cy form, in a swn aHpieved by the MOR~IaAGEE, a~:d w~~dstotm
:nsura~ce in the usuai uandard pot.cy fo~~n, in a wm appro.ed b~ ~he A10RS(3AGEE, in suth company or compan~es as the MORTGAGEE may
dnec?; and sll fire a.~d w.ndstorm ~ns~ranca polrciea on any of said b~iitd~ngs, any iNerest ~here~n ur parf thereof, in the a9g~_yare wm aforosa~d o~
in excess ~he~eoF, shall contain ~he usu~~ uanJ~rd mongagae cia~se or suth other clause as the Mortgagre may requ~re, makuig thr !ou undrr se~d poli- ,
c~es, each and every, paya~i! to sa~d MORiGAGEE aa ~ts ~nr~r..~st may appear, and each and e~ery such pa~c~ iha~l be prompt~y ass g~~ed and dr~~ver,rd ro
any held by sa~d MORTGAGEE as f~rrhe~ srcunty ro sa~d n~octgage debt, and, not :ess ~han te~ (101 days in ad.a~xe of ihe eap~~at~on of each po'~cy, to de-
11ve~ to said MORiGAGEE a renrwal thr~eof, ~ogether with a rece~pt fo~ the prem~um of sut~ rener.a!; and there shat~ be no f.re o~ .y~~~dafo•m iniurance
placed on a~y of said b~itd~ngs, any interesl there:n o~ part thereof, unless in ~he form and .vi~h the loss payab!e aa atoresaid; and in the e~eM a:iy s~m
of money becomes payab~e under s~ch policy or pol~ues sa~d MORTGAGEE sh.~ll have the opt~on to rece~Vr and apN:y the same on accoun~ of tha ind~•uted-
ne~s secured hr~eby or ro permit sa~d ISORTGAGORS to rec~~~e and use it or any part thr:col tor otnri ~~~r~srz, ..~~~:.;~t ih:~.~:r P~~"'
ing any equ~ty, lien or r~yht under or by virfue af th~s mo~'gage; and in the event sa d MORTGAGORS sha!I for any reaso~ fail to keep ti~e sa~d prem~s~•s so
.~.a...~.j, j~.~ ~ 0~ 0~ .a:rl Ml1D~rAf;FF nr f.~d nromn)lv t0 UdY fu:y eny pre~n~um IhcrCfO~ Or irt d•~y
rri:.
reapeU fail to•perfo~m, dscharge, execu~e, efiect, complere, co~nply'wiih and ab~de by th~s coven~~t, o~ any part hereo(, sa~d M~RTGAG~E ~nay p,ace a•~o
pay fo~ svch inaura~ce or any part thereof without waiving or affecting any opt~on, tien, equ~ty, or nghi unde~ or by virrue oF th~s Atortgage, and the
f~;l amount oi each and every such payment shall be immediately d~e and payable and shail brar interest from tha date thereoi unt~l pa~d a~ the rata of
~~+~~e per centum pe~ an~um and ~uarihrr wirh such inte:~sr shai~ be sewred by the Gen of th~s mortgage.
1. To permit, commit or su(fer rto wasle, impa~rment or deter.oration of sa~d p~operty or any part thereof.
5. To pay all and s~ngv~a~ me costs, cnarges and expenars, ~n~iuu~ny o rcow~~aute attorne~•'s fee an~ c~:!s of atis!rrns of Nt!e; 3ncurred or pa~d at
any time by sa~d MORTGAG:E, because or in the event of the ia~iure on the part of the said MOR7GAGOR ta du~y, promptly and iully pa~form, ducharge
~¦ecute, effeU, complete, comply wnh and ab:de by each and every the atipulat~o~s, agree~neMS, cond~t~ons, and tovenants of sa~d pro:nissory note a~:d th~s
mortgage any or e~ther, and sa~d costs, charges and e~epenses, each and every, shall be immed~ately due and payabfe; whriher or not ~here be no~~ce dr
mand, attempt to collect or suit pe~d~ng; and ~he full amount of each and e~ery wch paymem shall bea~ i,irerest from the dare thereof until pa~d at the
r.+re o~ ~~ne pe~ crntum pc~ annu:n; end ail said costs, chargrs and exu~nses ~ncurred or paid, to9ether wdh suth ~nterest, Shall be secured by the lirn of th:s
mortgage.
6. That (a} in the event of any b.each of this Mortgage or defaulr on ~he part of the 1~.ORTGAGOR, or (b) ~n the event any of sa:d sums of n~o~ey
he~ein refe~red to be not promptly and fully paid wifh~n thnty 1301 days next aiter the same seve~a:ty become d~e and payab~e, without demand or r~oi~ce.
or (c) in the event each an~ eve~y ~he stipu~at~ons, agreements, cond~tions and covenants of sa d promissory note and th~s mortgage any or ei~her are not
i~:y, prompdy and fulfy performed, d.scnarged, eaecuted, effecred. comptefed, compi~ed w~~h and ab~ded 5y, then in eehe~ or any such evem ehe sa~d ag
~~egate sum mennoned in sa:d prom~ssory note thrn ren,aining unpa~d, w~th intere5t accrued, and a~f moncys secured hereby, shatl became dur and pay-
a~~e forthwith, o~ ~hereaficr, at ehe opt~on of said MORTGAGfE, as fuIly and comp:etely as if ail of the said su:~~s of money were or~gma:ly st~putated
to be pa;d on such day, anything in sa.d pro:n~ssory note or in this Mortgage to the tontrary not.viths~and~ng: and thercupon or thereafter a~ the op~~on of
sa.d MORTGAGEE, wnhout ~once or demand, suit at taw or in equ~ty, therefore or thereafter bt:yun, may be prosecuted as if all moneys secured he•_h;
n~d matuted pnw ~o its institvt~on.
7. That in the eve~t ~hat at the beginn~ng of or at any t~me pending any su~t upon th~s Mortgage. or to foreclose it, or to reform it, or to enforce
p~yment of any cia~ms he~runder, sa~d MORTGAG~E s~a;l apply to ~he Court hav~ng ~u~~sd:cf~w~ the~cof 1or the appo~ntmem of a Receiver, such Court shail
f~~thwith appoint a receiver of said mortgaged property a!1 and singular, indud ng ail a~~d s~ngu:ar the ir.come, p~ol~ts, issues and revenues from whate~er
seu~ce derived, eacA and every oi wh:ch, be~ng expresst, undersfood, ~s hereby me.~gaged as ~f spec~l~caily set torth and deur~bed in th2 granhng and
I,,cend~m clauses hereof, and suth Receiver shali have al! the broad and effec~~ve funcT:ens and powers in a~ywise entrusted by a Cou~t to a Rccriver, a~~d
s_ch appointmen~ sha11 be made by such Court as an ad:nitted equ~ty and a matrer of absolute r~ght to said MORTGAGEE, and witho~t reference to the
adequacy or inadequacy of fhe val~e of ~he property mor~gaged or to the so..ency o. ~nsotvency of sa~d MORTGAGOR or the defendants, and that such
~r•~+s, profits, intome, issues and revenues sha~l be appiied 6y such Retriver accord~ng to the lien or eq~ity of sa~d MORTGAGEE and ihe praU~te of wch
Court.
8. To dvlv, promptiy and fully perform, d~scharge, exec~te, ef{ect, compfete, compty with and abide by each and eve~y the stipulations, agree~ne~ts,
cenditions and covenanis m sa:d prom~ssory note ar~d th~s moregage set forth.
9. That in the event the ownersh~p of the morrqaged prem~ses, or any part thereof, Eecomes vested in a person other than the MORTGAGOR, the
.'~RTGAGEE, its sutcessors ar.d ass~gns, may, without no?~ce to the ~~'.ORTG~OR, deal wrth such successor o~ successor in interest ~vith refrre~ue to this
~-o•rgage and the debt hereby sewred in the same manner as w~th 1.1o:tgagor wnnout ~n any way vi~lasing a ti~ac~~my~~~y fi~e bio,tycgor3" ~~ah:~+:y ~e:e
c~~der or upon the deb~ hereby se.u~ed. No sa:e of ihe F~ern~s_~s hereby mortgaged ar.d no io:~eara~ce on the part of fhe MOkiGAGEE or its successors
o~ assigns and no extens~on of the time for the payment of the debt hareby secured g~ven by the !'SORiGAGfE or its successws or ass~gns, aaall operate
~o re!ease, d~scharge. mod~fy change or affect the or~g~nal I~au~lrty of the MORTGAGOR herr~n, either in whole or in part.
10. It is spec~fic3i;y ag+eed fF.at time is of the esser.ce o1 th~s conrracr and that no waiver of any obltgat~on hereunder w of the abtigation se-
c~red hereby shait at any ti~~e ~hereat~er be held to 6e a wa~ver of the terms hereo4 or of the instr~n,ent sec~red herby.
1 I. In a:id t:o :'o the forego nq rr:ont~~'y paym=nts o! princ ;:al and inferes' required by the prom sscry nor~~ xcured hercb~. mortga~or covenants
agr~es ro pay ~o m.o:tgagee v~1eh each monrh~y pay~:,ent an add~rionai sum ~•s' ~ a~ed b~ morrysgee to be eq~a! ~0 1, 12 ot the annuai cost of the fol;ow-
~y:
f A-A(I rea~ property !axas !ew_d or assesc~o aq3i•~st rhe ak.ove desribed rra! evate.
; B-P•~~r~ums on f,re ar.d vr.r.dsto~m ir.w.a~ce as here~n rey-v~red to be ca~ried en the lmprove~ne~ts s~tU3T2 on the above desc:ibed prem~ses.
~ C-Pre~niums on wch mortg~ge gua~~nty ~r.su*a, ce as morr~jgee shall frc:n t me to nme deem ~it to carry on the loan secured hereby.
! t~.ortgag~e sha~l f•cm time to r,~•~e no+~f; Tcrrg„gcr ~n w.itmg of the a•ro.;n! due and payabte hereundar and such w~~ shail there~pon be due and
,~able o~ the c3ue cate of tF.~ n~~.r -~~ooth.y pay~~ent a•~d each svccessive :no^1h r~e•eafter ur?ii mortgagee shaR not:fy mortgagor of a change in such
^unt. Such s~ms s^a:i !,~e a;.E: ~cd by morrgagce to~ard tne payment of reai pru~rty taaes, insurai[e prem.~ms, and mortgage guaranty insurance
.•~cmiumi. ~
~ IN ~VITNESS '::H:REOF, the sa~d MORiGA'vOR has hereonto set h~s har.d and seal the day and year first aforesald.
`s , ~
{ ~igned, $eated and delivgt¢d in the preser.ce of: ~ -
= ~i ti ~ /(/~-~~r' t.- (Sral)
~ --~t 1 ~ 'n B. Williams cs~ai~
$ -
~ . (Seal)
~ - ti! "L/ -~s(.Lh.'L....4'.q' '-GC.L!"2_~. ~ (Seap
b Sandra S. Williams
~ ~':,TE OF FLORIDA
~ ~ 55. -
~:;UNTY OF St . LLlC 1@ {
fi
~ Before me personaiiy appeared _ BeI1~aID1I1 B. W1111~5 and
~ Sandza S Williaas his wife, to me wel! known and known to me. to be
~ - -
~ ~ha indiv~duals drsu~6ed in and who executed the foregoing instrument, and acknow:edged before me that they exec~ted the same fo%+~f ptiiposes
~ Sandra S. Williau~s _ ~ ~ c;•
rF-:.ein expressed. And the said__ _
_ ' ~ . - "
re of rhe sa~d _ ~Q~i~lA B. Williaas ,,.~~%i~a?p~`.and'piivate
' ~•a-nlnat~on by me taien separate and apart from her sa~d husband, acknowledged to and before me that she executed s~d~fAaeroment.~rrl~~y pnd vdun-
A~ _::y and w:tho~t any co~ pu!sion, toRStrair.t, apprehe`ns:on, or fear of or from her said Fwsband
n ~ ~ ~ i. ; ~ ____I.s
~ YJIitiESS my hand and offiral sea{ this___- - day of, ~-1
:`~i;
1('~ ~ ~T`19
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~ / l , :-1; - ~ • ,-f+- . ~ , U _ y .
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' Notary Publ~c :n ~hd fpr the ~i~te flt~rida ~ lac~~~
M Comm~ss~on ex irtls: ' ' • ~ ` ,
Y P ~ Y Q . ~l . ~
Ret~rn To: ' '~.J
; First Federal Savings 6 loan Associat:on ; F•t' ,
; ~~-t o:'~'' ~45
Fo„ F,.•~;~~ F~~ FILEO ANO kECOR0E0
ST. tUCIE COUNTY fLA.
ROCEF. POtTRAS
CLEP,K C~~ Gult COURT /
RECOP.G `,'f.F.1~iEp ,I,G~~'
This Instrument Prepared By Gary F. Bllwood
First Federai Sav+ngs & Loan Association I 22 PM ~~3
k~ of Fort Pierce ~ Florida
Checked By
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2._
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~ ~i960
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