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To piact and con~irnwu~ly kwp on tM bui:din~t now o~ hsreattN ~ilu~t~ on iaid land ~~d on ~11 equipmt~t ~nd ptnon~lly covatd by this ma~Q~
p~, with all p~anivmt ~hercon pa~d in tull. fire insurant~ in tM uiual uandard poticy fam, in a sum ~Rprov~d by tM MORTGAGEE, and windstorm
insw~nc~ In tM uswl iiandard pol~cy fam, in • ~um approv~d by th~ MORTGAGEE, i~ tuch company w compa~i~i as tM MORTGAGEE may
dinc?j ~nd •II tir~ ~nd w~~~orm i.auruw~ policios on ~ny oi ~aid buildinps, any int~ns? t!?erein a pan therwf, in tF» a9p~ey~t~ tum afa~s+id w
in ~xt~ss Ihersof, ~hall contai~ tF+~ uswl ~tu~dard matya~ee tl~us~ a iuch otha tlaus~ ~s IM Mat9a9N may reqvir~. m~kinp ~M loss unde~ ta~d po1L
ciei, e+ch and every. paYabl~ ro said MORTGAGEE ai i~s inte~e~t may ~ppear, ~nd each and weryr such po~icy ~hall be pranp~~y ~~s 9^ed ~"d d~~'~ercd ~o
any held by ia~d MORTGAGEE ~s further seturity to said mwt9a9s debt, and, not lesf than ten (10) days in ~dvanc~ of tM expiration ol e~ch polKy, to da
IivN to said MORTGAGEE • renswa) ther~of, topHhN wilh • receipt fw Ihe pr~mium of iuth te~?ewal; and Iher~ shall be ~o fire or winds~orm insurante
plac~d on any of said buildirgs, a~y iNereat fhtrei~ or part tMr~of, unless in th~ form ~nd with ~Iw lou payabl~ u ~faes~id; ~nd in ~1?~ event any ium
of money becomes payable under tuch poliq a policies uid MORTGAGEE shsll havs the opt~on ro receive snd apply tha su+~e on account oI the indebt~d~
neu secu~ed hereby w ro permit sa~d MORTGAGORS to receive and vw H p any part thereot fa ~fher puiposes, w~~hout ~he~tu~ wa~.i~~g or unpair
ing soy equ~ty, lien a right under o~ by virtve of this mo:s~a9e: and in ths avero w~d MORTGAGORS shall Fa any reason fail to keep ~he sa~d premisas w
insured, w iail to deliver promplly any of said policies of intur~nce to faid MORTGAGEE, w fail promptly 1o pay fulty any pre~nium tFxrefor or in a~y
respect tail to perform, discharge, exec~te, ~~fetf, complete, comply with and abid~ by this covenant, a+~y part hereof, said MORTGAGEE may pl+ce and
paY for such insvranc~ w any part thereof without w~iving w affectinp any option. li~n, eq~ity, w right unda w by virtue of thii Mortgage. ~nd the ;
full amoun~ of each and every such payment shall be immedi~tely dus aod payabN snd shall be+r interest from the date thereof until paid at the ~ate ol , ~
nine per ccntum per annum and toge~her with such interest shall be ucured by the lien of this mortysge. '
~1. To permit, commit or suffer no wa~te, Impai~ment p deterioration of said property w any put thereof.
5. To pay all and ~ingular the costs, charges and expenses, including a reasonable attwney i(ee and costs of abstrsds of titts, incurred o. pa~d st
any time by iaid MORTGAG'E, because or in the eve~t of the failure on the part of Ihe said MORTGAGOR to duly, p~omptly a~d fully perfwm, diuharge.
execute, effect, comptete, comply with and ~b;de by each and every the stipulations, agreements, tonditions, and mvenants of said promissory note and this
mortgape any or eithe~, and said cosri, cMrges and expenses, each and eve?y, shall be immedistety due and payable; whe~her w not there be notice de~
msnd, attempt to coltett a suit pcnding; and the full anaunt of each snd every suth payment shall bea. interest from the da+e thereof until psid at the
rate oi nine per centum per arn~um; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of thu
mortga9e.
6. That (a) in the sveM of any breach of thit Matgsge w default on the part of the MORTGAGOR, a(b) in ths event any of sstd svms of money
herei~ referred to be not p~omptly and fully paid within thirty (30) days ~+ea~ after the same severafly become due and payable, without demand or notice, :
or (c) in the event each and every the stipulations, agreements, cond~tions and covenanta of sa~d promi:sory note and th:s mortgage any or either are not
iuly, promptly and fully pe~formed, d~scharged, executed, eifected, compieted, complied wilh and abided by, Ihe~ in either o~ any such event 1he said ag-
gregate sum mentaned in ssid promissory note then remaining ~npaid, with interest accrued, and atl moneys setured hereby, shall become due and psy-
able fwthwith, or thereaiter, at the option of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were wiginally tt~pulated
to be paid a? such day, anything in safd promissory note or in this Mortgage to the conuary notwithstanding; and thereupon a thereafter a~ the opi~on of
said MORTGAGEE, without notice or demand, suit at law or in equity, there(ore w thereafter begun, may be proxcuted as if ali moneys secured hereby
had matured pnor to its institution.
7. TF.at in the event that at the beginning of or at any time peoding any suit upon this Mortgage, or ro foreclose it, or to refwm it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to tht Court having jurisdiction thereof for tht appointment of a Recciver, such Court shall
forthwith appoint a receiver of said mortgsged property all and singutar, includ~ng atl and singular the income, p?ofits, iuues and rsvenvea from whateve?
wurce de+ived, each and every of which, if bcing exprnsly understood, is hereby mor~gaged as if spec~Iically set iuth and deuribed in the g~anting and
habendum clauses hereof, and such Receiver shall have all the broad and effective func~iona and powers in anywise entrusted by e Cou~t to a Receiver, and
:uch sppointment shall be made by wch Court ss an admitted equity and a matter of absolute right fo said MORTGAGEE, and without reference to the
edequxy a inadequacy of the value of the property mwtgaged w to thr sowency w insolvency of said MORTGAGOR a the defendants, and that such
rents, profin, incarK, iuves and revenues shall be apptied by such Receiver according to the lien a equity of said MORTGAGEE and the practice of such
Court. -
8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenams in u~d promiuo~y note and this mortgage set tath.
9. That in the evenf the ownership of the morigaged premises, w any part 1F+ereof, becomes vested in s person other than the MORTGAGOR, tha
MJRTGAGEE, its successors and assigns, may, w~thout notice to the MORTGAOR, deal with such successor w successor in interest with reference to this
mortgage and the debt hereby secured in the same ma~ner as with Mortgagor w~thout in any way vitiating o~ d~uharging the Mortgagori liability herc
under or ~pon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, shall operate ~
ro release, discharge, modify change or affect the original liability of tFx MORTGAGOR herein, either in whole w in pa~?. '
10. It is speciFically agreed that time is of the essence of this contrad and that no waiver of any obligation herevnder or of the obligation sr 4
c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instromeM secured he~by. ~
11. In additio~ to the forego:ng monlhly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor tovenants
and agrees to pay to morlgagee with each monthly payrnent an add~iional sum estimated by morfgagee to be equal to 1/12 of the annual cost of the follow- ~
ing:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on such mo~tgage guaranty insurar,ce as mortgagee shal! from time to time deem fit to carry o~ the loan secured hereby. ~
I Mortgaoee sfiall from r.me to time notify mortgagor in writing of the amount due and paysble hereunder and such sum shall thereupon be due and
~ Gayable on the due date of the next monthly payment and each successive month thereafter ur,til mwtgagee shall notify mortgagor of s change in such ~
amount. Such sums sh.all be apptied by mortgagee toward the payment of ~eal property ta,ees, insurarxe prem.ums, and mortgage guaranty insurance
~ premiums.
` IN WITNESS WHEREOF, ihe said MORTGAGOR has he~eunto set his hand and seal the day and yea first afwesaid.
E Signed. Seated snd deliwred in the presence of:
\
~ •n
% , ¢th . ret~? ~a~
, i
. aq
. ve~yn . re~w ~s~n
STATE OF FLORIDA 1
COUNTY OF St • Lt1C1@ ~ ~
Before me personally appeared Kenneth R. Dr~I a~
Evelyn L. DfE71 his wife, to me well known and known to me to be
the individuals described in and who executed the foregang instrument, and atknowledged befwe me fhal they executed the same fw ihe p~rposes
therein expressed. And the said EvelJ,m L• ~I~
,v~fe of the said Kpnrfpth R Dzew vpon a separste and privste
examination by me taken xparate and apart from her said husband, acknowledged to and befae me thst sfx executed said instrument freely and votun- '
rarily and without any compulsion, constraint, appte ~on, w fear of or from her said husba~d. _
WITNE55 my hand and official seal this dsy of ' A ril ,~'Q ~q 73
-
~ ~ otary Public i~ and for the ~e of F d at 4argd'i.-, t
~ / ; My Commiu'an expires: ~ ~ t.
~ Retum To: . / F<C~'3'.f ~ ~9i..:..~'~~,:,`•Fei::^Cs.13i'
Firsf Federal Savings 3 Loan Association ~L"A~ ~ y ~ 1 S Y . , : ' i , u~' 1 i,~ ~ ~ . ~s
Of Fort P~erce. ~~li G._n;'.. , , J ..-~1..' -~:iJ : ~.C
Fort Pierce, Florida ~ e r
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f ~fo ~ o ~ coAOEO . , ; ;
~~.wc~~oot~tr~. '
Th;s Instrument Prepared By John W. Collins ROCER tOiTRAS •~'%Tt,j ~ C~
First Federal Savings ~ loan Association CLERK CIkCUIT COURT
of Fort Pierce ~ Rlorida RECOR~ vEP,IFIEO
Checked By ~0 Z~ ~'73 y
j:
. aoc~c2~3 P~16~.
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