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3. To place and continuousiy teep on the bu~'drgs now or he~eafter e~tuate on said land and on ati ~qvipment and perSOnalty tove~ed by 1h~s mortg-
ege, with all premiums thereon pa.d m full, Lre ~i~s„ra~.ce ~n ~he vsual afa~~ard po ~cy form, in a sum aFpro.ed by thr MOR1~,%~GEE, and w~ndswrm
insurance in ~he usual srandard pol.cy fo~m, in a sum appro.ed by the MORiGAGEE, in such company o~ co~~~pan:es af ~he h~ORiGAGEE may
direth and all firo ar.d w~ndstorm insuran~e poNcies on any o) said buitd~nga, any interest ther~~n o~ part thareof, in the agg~egare s~m aforesaid or
in excess Ihrreof, ahaU contain the ~s~al standa~d mortgagee uause or s~ch other ctause as the Mo~tgagee may requ.~e, n:at.~ng ihN ~oss unJr~ se:d po~i-
cies, each and every, payab~e to said A10RTGAGEE as ~ra iniecast niay appear, and each and e.•e~y such F-o.~cy shdll tx pron:ptly ass gned a~~d da~~.a~~d to
any held by sa~d MORTGAGfE as fur~her ~ecunty to sa~d n:ongage debr, and, not leas ~han ten (30) davs in ad.once of ihe exp~~a~~on of each pol~cy, to dr
liver ro said MORTGAGEE a renewal thereof, toge~he~ with a rece~pt for the prem~um of such renew~l; and ~hcre sha;i be ~a f,re or .ti,~~ds~o~~n insurance
plated on any of sa~d buitdings, any interesl there~n or part thereof, unless in the form and wi~h the loss payal~:e as atoresaid; and in ~he e~ent any sum
of money becomes payebie uncfrr wch potity or pol~ues aa~d MOR(GAGEE sF.~ll have ~he oNtlon to recewe and ~pH~y the san~e on acco~nt o( the ~~~d~-bf~•d-
ness secured hereoy o~ to permit an~d MORTGAGOR$ 1o receive and use it w any part the.eof io~ ern~r pu~~osrs, th:•~.,, .r.:..~+~ p-~'•
ing any equ~ty, lien or r~ght under or by virt~e of this mo"gage; and in the event sa d Mp~TGAGORS sh~tl fo+ any reason ia~l ro keep the sa~d pre~n;a ~s so
;n~urwl nr i,.il M rl~l;ve+ nromnNv anv of a.~ed nolKies Of insurance lo sa~d MORiG~+GEE, ot fa~t promptly to pay f~~:y any pre•+num thereFoi or ~n any
reaped fail to pe~form, discharge, exec~te, effecf, cor»ptete, co~nply with and abide by thls covenant, o~ any par~ hereo(, sa~d MUkI:;AGtt may p~ace a+o
pay Ew such ensurance or any part thereof w;thout waiving w a(iecting any op~~on, lien, equ~ty, or right under or by v~~+ue of this titio~tgage, and the
f~ll amouN of each and every such payment shall be ~mmediately due and payable and shall bear interesr from th~x date thereof unril pa~d a~ the rate ol
n~ne per cenr~m per annum and to~~•thar vvith such int~r~st shali be secu~ed by the I~en oi th~s mortgage.
1. To permit, tommit w sufier no waste, impairment w deter;oration of said property or any par~ thereof.
5. To pey all and sing~lar the costs, charges and expenses, including a reasonabte attorney's (ee and cosrs of abstracts of t~t;e. incurrc+d or pa~d at
any time by said MORTGAGfE, because c~ ir. the event of the faJure on the part of the sa~d MORTGAGOR to du1y, pro~~:ptty and f~;iy perForm, d~sc~~arge.
exxute, efFeU, comp:ete, comply w~th ard ab:de by each and every the st~pulauons, agreemems, condisions, and covenanrs o~ sa~d prom~ssory note ar.d ~h~s
mo~tgage any o? e~ther, and sa:d cosrs, charges and expe~ses, each a~d every, shall be immesl~a~ely due and payab:e; whether or not the~e be ~or~ce ds
mand, atfempt to cot~ect or suif pend~ng; and the (ull amount of each a~~d every such payment ahall bea~ interest from ~he date thereof until paid at the
rate o~ nine per centum pr~ ann~:t~, a~~~ a~l said costs, charg~s and ex;xnses ~~xurred or pa~d, together ~v~th such iuterest, aFwll be scc~red by the tien of th~~
mortgage.
6. That (a) in ~he even? of any brrach of th~s Mortgage or default on the pa~t of thc MORTGAGOR, or ;b) ~n the event any oi sa:d svma of money
herein ieferred to be not promptly and fully paid wohin th:rty (30? da~s next a'te~ the same severa:iy beco.•~e due and payab!e, w~iho~t demand or not~ce,
or (c) in the event each and eve~y the stiputations, agreemenls, conditions and covenants of sa.d prom~sscry no~e and th s mortgage any o~ e~~her are no~
~~;y, prompt~y and fully performed, d.schargzd, rxetuted, effected, compieted, comp{~ed w~th and ab~ded by, then in enher or any wch eve~t the sa~d ag
~regate sum mentioned in sa~d p~om~ssory notr then re~-~aining unpaid, with intere;t aicrued, and a:l moneys sewred hereby, shali beco~re due and pay-
ab!e forthwirh, or tnereafter, at the opt~on of sa:d A10RiGAG~E, as fu~ly and complefeiy as if a!I of the sa~d sums oi money were or~g~na.;y st.p~;ated
to be pa:d on such dty, anythi~g in sa.d pro:nissory note or in fhfs l~lwtgage to the co~rrary not,vithstand!ng; and thereuFon or thereafter a1 the opt.on oi
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n~d matured pnor to its inst~rutwn.
7, That in the event rhat at the beginn~ng of or at any ti~ne pend~ng any su~t upon th~s Mortgage, or to for~Iose it, or to reform it, or to enforce
payment of any tlaims hereundcr, said O~IORTGAGEE sha?I appiy to the Ca~~t hav~r.g ~ur,sd,ct~on :hr~eof for the appo~~r~nero of a Receiver, such Court ihail
fo~thwith appoiN a receiver of said mortgaged property all and singular, indvd.ng au and s~ngu~ar the ircome, p.oi~ss, issues and revenues fro~n whetever
~~rce derived, each and every of wh;ch, it be~ng express!y unders~ood, is hrreby mortyaged as if spec.!~caity aet for+h and desuibed in the g~annng and
habendum clauses hereof, and such Receiver shall have aIl the brcad and effecf~ve f~ncf.o~~: and powers in anyw~se entrusred by a Co~rt to a Receiver, and
s_ch appointmeN shal~ be rnade Sy svch Court as an admitted equ+ty and a matte~ of absolure r.yfit to said MORTGAGEE, and wi+hout reference to the
r.deq~acy a inadeq~acy of the value of the prope.ty mortgaged or to the savrn~y or ir.so~vency of said MORiGAGOR or the defendants, and that wch
: e~~s, profits, income, issues and rerenues shaif be app~~ed by such Receive~ ac:ord~ng to the !ien o~ equ~ty of sa~d h10RTGAGEE and the practice of such
GouA.
8. To duly, promptly and fulty perform, discharge, execute, effect, comolete, cors,ply w+th and ab~de by each and every 1'ne st~pufa~ions, agree~nents,
conditions and covenants +n sa~d promissory note and th~s mortgage set forrh.
9. That in the event the ownersh~p of the mortgaged prem~ses, or an~r part thereof, becomes vested in a perion other than the MORTGAGOR, the
:1pRTGAGEE, its s~ccessors ar.d assigns, may, without not~ce to the ,L",ORTGAOR. deai wiih such successor w s~ccessor in interest with reference to this
n c~tgage and the debt hereby secured in the same manner as with ~1:;rtgagor w~thout in any way viriating or d,scharg~ng the ldcrtgagors' liab~lity here-
;;nder or upon the debt hereb7 sec~red. No sa!e of the Frernises hrreb~ mortgaged and ~o forbearance on Ihe part oi the IhORiGAGEE or its sutcessors
er assigns and no exrens~on of the t~me ior !he payment of tne debt hereby sec~red gi~en by the ~hORTGAGEE or ;rs successors or au;gr.s, a~~all operate
to re!ease, d~scharge, modify change or aifett the original Iiao~Gty of the h1CRTGAGOR lierein, either in whole or in pa~t.
10. It is spec~ficalfy agreed that time is of the essence of this co+~trau and ~hat no waiver of any obt:garion hereunder or of the obtigation sr
cured hereby shalt at any time nc~reaEter be he!d to be a wa~rer of the terms herrof or of t!~e instr~meN secured herby.
11. In add.t~on to ihe forego n~ montiry paymertts of princ pai and inrerest reqwred by the prom;sscry no'r scwrcd her~b~, mo:tgagar eov?nants
d agrees to pay to m.o:tgag~e v.ith each month!y p,~~~.-rnt ar. ac:d.:~onal su~n est!:~ ated b~ mortyagee to be e~ua~ to I 12 of th.r annual cost of the foVlow-
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A-All real property taxes levie~ or ass^ssed ag~~•~st the ai>ove desrib~ d r; a~ es!a!e.
- B-Pramiums on fire and windstonn ms~rar.ce as i~rre~n +eGu:r^d to be car~~=-d en the :mprove•r.ents s~tvate on the above d_svibed premises.
~ C-Prem~un.s on s~~ch mortg-ae gua~,:nty rrsurar ce az mo•tyagee sha~; f~c~.~ t me to ti~r.e deern fit to carry on the loan secured herehy.
j Mortgagee shail frcm ~irne to t~me notify mortyzgor i~ w~iting of the amoum du~ a~d payable here~ndtr and sc.h sum shali there~pon be due and
~ c~vab~e on the ci~e date of ~he nex! n~onth:~ pay~nent and each successive mo•~th tnereaft,r ucti~ mortgagee shall nct:fy mo~t~ager ef a change in wch
~ ouN. Suth wr.is s~ a:i be ap~~:ied 'by mortgag•~e totierd the payn~.er,t of real preFerty taxes, insura^ce prem.ums, a.id mortgage gua~anty insurance
.rennums.
~ IN 4'/ITP~E55 '1+'HER~Of, the sa~d h50RTGAGOR has here~~to set his h~r.d and seal the day and year first aforesaid.
i
! S~ ned, Sealed and deli,tered in t resence of•
, 9 P ~
~ _ ' ~ ~ ~ i=! / ` L'' - ~L~ c ~ (Seal)
~ _ ~ ~ lnhn L. Anderson cseai~
(Sea~)
~ / -
_ X~ ~ t.~ ~ il.~. ~7 ic t..E. (Seal)
~ Johnnie B .
Anderson
~ ~'AiE OF FLORIDA ~
COUNTY OF SL. I.UC12 ~ ~
~ Before me personally appeared .J~t1l1 I.. Anderson and
~ .10~1t1I11@ B• Anderson his wife, to me weil known and known to me to be
~ ,~e indiv~d~als desu~bed in and who exetuted the foregoing instrumeM, and acknowledged before me that they executed the same, f~
the ~urposes
~ rF:~~ein expressed. And th~ :a~d_- ohnnie Ande rson •;~;•~='`T _
~ ~ . _
y ~e of the sa~d - _~ahn L. Anderson __t,~~~s~si~pa~je.and private
c~ am~nat~on by me taxen separate and apart from her sa~d hosband, acknowledged to nd fore ~ne that she executed isi~ ws~~e~awt frtiely,and volun-
~ r;~„y and w~thout any comp~ls~on, co~snaint, apprehlen o or fear o( or from her s~d hu{band. -:f;' .
° WITNESS my hand and off~c~al seal this_ r.- ^ day of ` ~L= ~ ~ A~D.•1~~
~ ' ~ J _
--.-~--).-i~~
d~`- . -
`Notary P~bllc in a~d i the StAe Of~ori ad atluge.
My Comm~ssion expir l ~
Retvm To: ~ ' ~3 "~.~'1~`., : ~
First Federal Savinys S toan Associat~on , ' .
~ i~:
}Y o~ P ~ Fi~.EO .N~ RECOROEO , . .
Fon P~.•~;e. F!c~~Ja ST.IUCIE COUNTY FIA.
ROCEs~ P;i1tRAS ' • '
CLERR CIRCUIT COURt
RECOR~ ti'E~IF =0.~..,,~~
:~s This Instrument Prepared By JOhA W, COllins ' 40 ~
r;r First Federal Savings 8 Loan Association , Ji.
of Fort Pierce Flor ida
~
~ n
Checked By - ~ j
~..v
~ a~209 ~i9?0 ( ,
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s. ~ ' ~
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