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J. To p!xf and co~r~nwv~ly kee~, an ihe bu~:d~n9s ~?ow or hereafta e:?u~te on sa:d 4nd and on all cquipnkM and perso~ally tcve~ed by Il~is mort¢
~9s, wi~h a11 premivma ~hereon pa~d in fuli, fire iniu~~nca :n th~ viwl s+ar~dud po!~cy (orm, :o a tvm apwovecl by ~Fa MOkFv:.GEE, and ~~++ds~wm
~nsw~nce in ~he uswl s+u~dard p~l:q /am, in a svm aFp~o.ed by :he lNORIGAGEF. In s~ch canprny w canp,~~~es u ~h~ M02TGAGEE may
duecr, and ~tt i'u~ and w~ndsio~m ;nwrance potK:ei on any ot sa~d build~nqs, u+y inter~u the~ein or pa~t ~hsreo(, in ~he ~99rey~~e wm afaesa;d w
in excHS Ihe~eof, shall cuntain the ~iw1 sta~x~uJ mortga~e~ clrust a ~..ch otk~r cfavst as tM Mwr~ags~ may reqv«s, m:?,nq the :ou u:~cr sa~d polr
c~s~, e~ch ar+d tvery. oayable to said A1JR~GAGEE ai in in~nest m+y appear, and each and ev~vy such pot~cy shaU be prorr,pny .s 8ned a~~d de:~verrd to
sny hs:d by sa~d N.ORTGAGEE as fwma secur=~y to is~d matyag~ debt, and, not leu than ~en QO) days io ad:ance o( d~e expuot:on of each po5cy, to dr
Gver ro sa'wf MORiGAGfE a renewal therrtf, to~erl.sr wifh ~ aece:p~ fa tAc pem~um of wch ruxwal, a~id ~hsre i1u11 tM no fire or ,vindsiorm inawanc~
p~aced on any of said buildings, sny imerest tMrein w pa.t ~herrof, unkss in the form and wi~h the ~osa paYatle as ~fwesaid; a?~d in ine ev~nt any aum
ol R+oney brca~+ei payable undrr such policy w poi~c~e~ sa~d MORiGAGEF shaU hsve the optwn ro rece~ve a~td apply the same on account ol the ~~dnb~e~-
ness secwed irreuy w ro pe~m~t sald MpRIGAGORS ro rxcive and use it ar any pa~t fhrrrol tw oih~•r FuiNOSrs, v.~~no~t :h:•..,~ ~~..+w~ ;,r ,~„p„r-
~~g any equ;ty, Gea or rght undr~ o~ by v~rtus of this mo-~yage; uid in the event w~d MORTG~•GORS shaN fa any reasw~ fa~l ~o krep the satd prernisrs ?0 3
~~surcKl, w fait a detive. promptly aoy of fdid ~OlKelf of insurance ~o sa;d MORIGAGEE, o~ fa~i promprly to pay fuily any pran~um ~hc~etor o~ in any
respea fail b per(orm, d~scharge, e;cm,te, effecl, complese, comply wieh and ab~de by tlc~s covenaN, o? ~ny perl hereof, sa~d MORiGAGEE msy p~xe a~.d
pay fw such insurance or any part thereef witFiout waiving o? aifectinp any optio~, lien, equity, a r;~h+ u~der a by virtw of this Mwfgage, and tht
fult amount o( ~ach ar.d ev~ry such payment shall be :mmed~atcly d~,e and yayabl~ and shal{ bear int~res~ f~om ths date thcreof wuil pa~d at tM ~atr ol
~~ne pe~ cemum per aa~um and togrthe~ w;~h such inreresr shaU be secv;ed by the lien of this mort9age.
To permit, commit w s~ffer ~o waste, impairment or deterioration o( said property w any part there~f.
S. To pay at! and tingutsr the costs, cha~ges and expenses, including a reasonable attaney i fee and costs of absiracts of t~tte, i~curred or paid a~
a~y time by said MORiGAGEE, because ot in the evcn+ cf tlu fa;lure on the part of the s~id MORTGAGOR to dufy, promptty and fuity Ne~iorm, d~uharge,
eae~ute, effect, compltte, con+ply weh and sb:de by each ar.d every ~he stipula~~ons, agreements, conditions, and coven:nrs of said pra~;:sory nole ar+d thii
mo~tgage any or eirtuv, snd sa~d cos+s, charges and e:penses, esch a.~+d evay, shall be immed~ately due and payab:e; wherher w ~ot thare be not~ce dr
~,and, ancmpt ro collect w s~it pr~wl~~g; and ~he full amount of each and eve.y svch paymenf s.Matl bear in~rres~ from ri+e date thercof u~tit paid a~ the
r~te of nine pe~ centum pzr annu~i; arw al: s+iu cosss, charqes and expenses ,rxurred a paid, togethet ~v~th such interest, sF.all be secwed by Ihe {~rn of fhis
mortgage.
6. That (a) in the event of any breach of this Mortgage w default on tne part of the MdRTGAGOR, w(b1 ~n the event sny of sa~d svms of money
hrrein refe~red to be not prompt~y and fulty paid wirh~n th;rty (30) days next afre~ the saa+e severa~ty becor.x due and payebfe, without demand or no~ice,
o. (c) i~ the ever~t each' ~nd evary the st~pu.arions, agrecments, cond~~~ons and covenaros ol sa.d promissory note and th~s rtror~gage any o~ e~~her arc na
i~ly, prompHy and fully performed, d~schaigrd, executed, effected, canpletrd, compl~ed wi~R and ab.ded 5y, then in e~ther or any such even? fhe sa,d sg
gregate wm mentioned in sa3d promiuo~y note inC:~ :emaini~g w~pa~d, with interest accrued, and atl moneys secviced FKreby, shall betome due and ~ay-
ab:e furthwirh, a thereaf~er, a~ the opripn of sa~d MORTGAGEE, as tully and complesely as il all o( ~hc said sums of money were wgina:ty snputa~ed
io bc pa~d on wch day, any~hing in sa:d p.om~sswy note or ir~ th7s Martgaqe to ~he con~~ary notwithstand ng; and ~1+ereupen or thereaftcr st the on~~o~ of
:a:d MORTGAGEE, w~thout nonce w demand, sv~t at law w in equity, tFkrciwe or thereafter begu.~, may be prosecvted u if all moneys secured hereby
nsd rrW?wed prror to itt institufion. _
7. That in the event that at fhe beginn~ng of or at any time pending any svit upon this Matqsge, w ro fo:ect~se it, or ta ref;.rm ir, ar to enfa•ce
payment of any clcims f+ercunder, said MORTGAt~EE shati apply to the Court having ~ur~sdiuion thereof for ~he appointment of s ReceivM, wch Court shall
Fcrthwith appoint a reccivd ol uid mortgaged property ali and singula:, inclvd~ng aU a.-x! si~g~lar fhe income, psoiits, issucs and reve~ues from whatev~r
s:.u-ce der7red, each and every of wh=ch, it being expressly understoo.~, is i+e•eby morrgaged as if spec:f~calty set fath and describtd in the granting a~d
habendum ciauses I+ereof, and such 4teceive: shal~ have all the broad and effactive funct,ons a.~d powers in anyw~se entruated by e Court !o a Receiver, a.~d
s:.ch appoint~.,ent shatt be made by such Court as an admirred eZui!y and e matter ot absolure r:ght to said MGRiGAGEE, and withoul refere~xe to tha
edequacy or inadequaty of the value of the property mortgaqed or to the ao;venty or insotvency ol sa~d MORTGAGOR or the defendants, and rhat such
re•:fs, profin, income, iuues and revenues shatl be appl~ed by such Re~eiver accord~~~g !o ~he tie : or equiry o( sa~d MQRIGAGEf and the pract~ce of svch
Ceu~t.
8. To dufy, promprly and fully perform, discha.ge, execute, effed, completr, comply w;th and abide by each and every the stipulatiwes, agreec-K?,ts,
condltans and covenanrs ~n sa~d promissory no:e and ~his nortga~e set fort!~.
9. That in the event the ow~ership of the mortgagcd premises, or any part ti~ereof, becomes vrsfed in a person o:her than the 1NORTGAGOR, the
t:.OfiTGAGEE, its successors and ass~gns, may, w~ihout r.o~ice ~o the MORTGAOR, deal v,i~h such successor or successw in ~nteres~ wifh reieience to thy
rr~or~gage and the debf hereby secured in the same manner as with Morrgago. wifhout in a~y way vit:at;ng or d~xhargi~g the Mwegagors" liability F~rr
undec ot upon the debt hereby seturtd. No sate of the Fremises hrrcby mortgaged and no forbearance on ~he par~ oi 1he MORTGAGEE or its successas
or assgns and no exrens~on of the time for the payment of the debt hereby sec~red gi~en by the MORTGAGEE or i~s s~cceuors or assig~s, a~'wll operate
~o releax, d~scharge, mod~fy change or ai(ect the origina( liabii~ty of the AM1URTGAC-0R herein, ritix~ in whole or io part.
~0. It is s~.~eci~ical(y agreed thar time is of the esur.ce of rhis conrra:t and that no waiver of any ebl;ga?~on bereun~er w of tha obl'gsYan se-
cured Fkreyy shaft at any iur~e thereafter be he:d to be a waiver of the tcrms hereof a of the instrument secu~ed herb~y. '
:1- In add~tion ro ihe fwego ng rrw~nth!y paymen!s of prirtc pa! and interest required by the promissory no~e secured he~eby, morrgago?. covenant.:
ard ag:eea to pay to mo:tgagee v~eth each monrh;y payr, cnt an add.~ior.al sum est:mated by marrgagee ta be equal to 1/ 1? of 1he ar.»ua! cost of the fnUow-
fng,
A-All real property taxes levied or assPs:ed agai~st ~hc aFwve desc•ibed real estate. ;
B-Prene~ums on f~re and windsro~m ~nsura.-.te as here+n rcGu::cd to be cz+ried en the ~mpiover++eits s~tuate o~ tie above d_scribed premises. ;
C-Premiums on suth mortgage guaranty insurar.ce as morfgagee shaN from tme ~o time deem fit ro carry on the loan setured hNeby_ - ~
Mwtgagee shatl from t~me ro t;me nor~fy monyagor in writing of the amount dve and'payaWe hereunder and such w~n sha!I thereupon be due and
F~vabte on the due dare of tne next montnty payment and each succesz~vF month tihereafrer ur.rii mwtgag~e shaU not;fy martgagor of a change i~ such
a•-.ovrtt. Such sums sF.aII be app:ied by mortgagee t:,ward the payment of reat property taxes, iruuraace p?em:ums, a~id mortgage guaranty insurance j
F: ~emiums.
ITNESS ~'VHEREOF, the said MORTGAGOR has he~evnto set his hand ar.d seai the day a ear fi~st afwesaid:
g , Seale~
a ver ~o xnce of: ' ~ n n ~
~1ca~~
sQ
_ , (Ses4
~ C' ' ~ ~ t5eaq
_ Shizle V, McKenzie ,~a~
STATE OF FLORIDA . ~
~.v^uiJTY OF St . ~lC1Q ~
1
6efore r.ie personally appeared ~is C. MeKenzie a~
Shirle V. ~CItQp216 his w~fe, to me wett known and known to rr~e to be
the ind;viduaf~ descr;bed in and who executed the foregarg instrument, and ack~owledged befwe me that they executed the sarae• for thE. purposes
rherein eapressed- And the said 5~11Z1@Y V MC1Ln~io
,+~?e of thc sa~d ~u15 C. McKenzie . - _ ~ ' ' ~ - : .
yp~ -8,~s~Pa~rt6'~i'pi~vsle
exam~nation by me taicen separate and apart from her said husband, sdenow(edged to and befwe me that she exetuted si~d ~'Jiatnim~nt fceely. a~fd vqlwn
'~•,~v and w'=!hout any com~u:s;,n, constraint, apprehcns;on ar_~en! of or from !Kr said husband. ~ . , j
~ j r, i _
WITNESS my hand and official seal this - day of Februar6~ r A_ D. ~9~} y;
~ ~ 1 tl 1 ~ t"? ~ ' L
~__y,s.~ ~ ~ ' y =
Notsry Pub1~c in and iw t1~e StitdoP,FCc~id~ at .~i~ye.'~~
My Commissiw? e:pires. ` , / ~ r
a.
R~?U,n to: ~y"y.f; '7~ ~ - .
, -
Fint Fede:s) Savings 6 Loan /lssociation
Of fort P;erce.
FOrt Pr•~r~e. Fio~ida
FIIEDAti~ i~~CQRDEO
ST. CUCIE LOUNTY F~A.
RCC~P r=~;TRA$
This Instrurr,ent Prepared By Oennis F. Holer~er R CLERr, Ct:tCUIT CDURt ~t~
First Federa) Savings 8 Loan Association EC0~2. vEr:~~E~__~~` `
of Fort Pierce~ RloYida Ffe 11 10 j4 AM'73
Checked By _
a ~ . Z~1 ~a~;108~ 248498
E~JI?
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