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To pl~c~ ~nd conti~uwsly keep on ~M bui:d~nge now w MreaftN ~itu~t~ o~ ~aid land ~nd on all cquipment and pa~onally cov~~ed by thi~ ma~9.
•p~, with ~II pemiurrw ~hcrcon pa~d in iull, (~re ini~r~n<e i~ ~M usval s~andard polrcy fam, i~ a sum appro~~d by ~M MORTGAGEE, a~d windstam ;
insur~nc~ in 1M uswl ~tandard pol~cy fam, in • sum ~pp~oved by th~ MORTGAGEE, in wch tompany o~ comp+nies u tM MORiGAGEE may ;
direclj ~nd all iir~ a~d w~nJuwm iniuro~ce polKia~ on any of sa~d b~ild~np~, any in~~n~~ tharein a p+n the~eof, In tM ayprep+te ium ~fo~eia~d a
in extes~ Ihereof, thall contain ~M uswt slandard matga9N clsuie o~ iuch othsr c1~vs~ ai tM Ma~9aye~ may rpu~r~, makinp Ihs loss ur+der u~d Pu~F
cies, each and eve~y, payabk to said MORTGAGEE +f •~i ims~zst may appea~, and each ~nd every ~uch policy shall be promptly +u ~ncd and de~~~e~ed ro
•ny held by sa~d MORTGAGEE as turtha security to said morty~ge debt, and. ~ot les~ tl»o te~ (10) days i~ advance of tM expiratan ot each policy, to da
liver to said MORiGAGEE a tu?ewal the~eof, Ioqt~hK with a rateipt fo~ tii~ premium of suth renewal; ~nd there ~hal1 bs no f~re or windstam insur~nte
plsted a? ~ny of f~id buildinys, any inle~est thK~in or put thereof, unless in the totm snd with ti» loss paY+ble ~s +fa~said; u~d in tiN evtnt any sum
of mp»y becomes payable ur+der such policy w policies said MORTGAGEE ~hall havs ~he optron to receive and ~pply the ssme on +cco~~~ of the indebted-
nesa secured heteby M 1o permit said MORTGAGORS lo receive and u3~ i1 p any parl thereof (or othe~ purposes, without ths~eb/ waiving o~ impai.• ~
ing any equ~ty, lien w right under or by virtw of this morsgsge; ~nd in the ~vent wid MORTGAGORS shall fo~ a~y reswn (ail 1o keep the said premises so ~
insu?ed, or f~il !o deliva promptly ~~y of said policies of insurancs to s~id MORTGAGEE, o~ fail promptly to pay fully any prem~um thereior or in any ~
reipect fail b pKfam, diacharge. ~xecuts, ~~fect, complete, comply with and abids by this covenant, a any part i?ereof, said MORTGAGEE may p~+ce and
psy fw such imurants u any p~n the~cof without waiving a affeNinp ~ey option, lien, equity, w right under o~ by virtw of this Mwtpage, snd tht
full amovn~ of esch ~nd eve~y such payment shall be immediately due and p~yable and iha11 bear i~terest from ths date thereo( u~~il paid at the rate of
nine per centum per a~rwm and to~e~her with such interest shal{ be secured by 1M I'~en of this mortg~ge.
To permH, commit or suffer no waste, impairme~t or deteraration of said prope~ty w any part thereof.
S. To pay all and singutar the costs, charges and expenses, including a rcasonabte attorney i fee and costs of abst~acts of title, incurred or paid at
any time by said MORTGAGfE, becauss or in the event of 1he fai~ure on the part of the said MORTGAGOR to duly, promptly and fully per(wm, discharge.
execute, effect, complets, comply w~th and ab:de by each and every the itipulationa, agrermenn, conditions, and cownants of said promisswy nots and thii
mwtgspe ~ny w eithe?, ~nd sa~d coan, charges and expenses, e~ch and every, sMll be immediately due and psyable; whether a not there ba notice de
mand, ~ttempt to mlled or suit pe~ding; and the full amount of each and every such paymeM ihall bear imerost from the date thereof u~til paid at the
ra~e of ni~e per centum per am~um; a~d all said costs, charges and expenxs incvrred w paid, together w~th such imerest, shall be secured by the lie~ of thu
i
mortysye.
6. That (a) in the event of any breach of t}iis Mortgage or default on the part of the MORTGAGOR, w(b) in ihs eveot ~ny of said sums of money
herein referred to ba not pcomptly snd fuily paid within thirty (30) days next after Ihe same seve~atly betome dve and payabk, without demand a potice,
or (c) in the event each and every the stipvtations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any a either are no1
~uly, promptly and fully perfwmed, d~xharged, executed, eifected, compkted, complied with and ab+ded by, then in either w any such event the said ag
greg~te wm memioned in said promiuory note the~ rema~ning unpaid, with imerest acuued, and all moneys secured hereby, shall become due and pay-
able forthwith, w thereafter, at the option of said MORT~ 1GEE, ss iully and completely as i1 all of the said wms of maney were originally sripulated
to be pa~d on s~ch day, anything in said pramissory note or in this Mortgage to the tontrary notwithstandirg; and thereupon or thereafte~ a~ the op~~on of
said MORTGAGEE, without notice o? demand, suit at law ot in equity, therefwe or therea(ter begun, may be prosecuted ss if sll ~wneys secured htreby ~
had matured pt10r f0 its instiTUtiOn.
7. That in the event that at the beginning of w at a~y time pending any suit upon this Mortgage, or fo faaclose it, or to refwm it, w to enfo~ce
payment of any claims he~eunder, 3aid MORTGAGEE shall apply to the Court having jurisdrci~on thereof fw the appointment of s Receiver, such Coun shall
Forthwith appoint a receive~ of said mortgaged property all and sing~lar, intlud~ng all and singular the intome, p?ofiri, issues and ~evenues irom whatever ;
source derived, each snd every of which, it beirg expressly ur.deesrood, is hereby mortgaged as if specifically set fotth ~nd dewibed in the g~antin~ and
habendum clauses hereof, and such Receiver shall have all the broad and effettive funct~ons arx! powers in aeywise entrusted by ~ Court !o a Receiver, and
s~ch appointment shall be macie by svch Cou~t as an admitted equity and a matter of absolute right te said MORTGAGEE, and without reference to the
adequacy or inadequacy of the value of the property morfgaged or to the wwency or insolvency of said MORTGAGOR w the defendants, and that such ~
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renra, profits, income, issues and revenues shall br applied by such Receiver accwding to the lien or equity of said MORiGAGEE and the practice of such
Court.
8. To dtl~y, prompt~y and fully perform, discha~ge, exccute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditar~s and covenams ~n sa~d promisswy note and this mwtgage set fath.
9. That in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vested in a perwn othe? than the MORTGAGOR, the
MORTGAGEE, its successws and assigns, may, withouf notice to the MORTGAOR, deal with such successor a successor i~ inte~est with refere~+ce to this
mortgage and the debl hereby secured in the same manner as wiih Mortgagor withoul in any. way vitiating or discharging the Mottgagors' liability herr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE w ifs successws
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its wccessors or assigns, shall operate
ro release, discharge, rtwclify change w affect the original liability of the MORTGAGOR herein, either in whole w in part.
10. It is spec~fically agreed that time is of the esse~ce of this contract and that no waiver of any obligation hereunder a of the obligation st
cured hereby ahall at any time thereafter be held to be a waiver of the ferms hereof or of the instrument secured herby.
11. In add~tio~ to the forego:ng monfhly payments of princ'pal and interest required by 1he promissory ~ore secured hereby, morigagor covenants
and agrees to pay to mo:tgagee with each moorhly payrnent an add~rional sum estimated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- i
~ng: -
A-All real property taxes levied or assessed agai~s! the above described real estate.
B-Premiums on fire and windstorm. insurance as herein requ~red to be carried on the improvements sifuate on the abova dtsuibed ptemises.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to tarry on the toan secured hereby.
Nbrtgagee shall f~om time to time ~otify mortgagor i~ writing of the amount due and payable hereunder and such wm shall thereupon be due and
i F.ayabk on the due date of the next moMhly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such
amount_ Such sums sFail be applied by mortgagee toward the payment of real property taxes, insurance ms, and mortgage guaranfy insurance
,
~ cremiums_
j IN WIiNESS WHEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day and ear ' sfor id ~ `
~ ' ned, aied delivered in the presence of: ~ ~
X s~
C nr d P ins ~ ,
s~+q
• Gladys . 71~1s Sean
~ SiATE OF ~04~J/a • ~
COUNTY OF ! 4Y1~~"`~' ~
Before me perwnally aP~a~~a Conrad Prins s~
G~t~JIS .T. Prins his wife, to me well known and known to me to be
rhe individuals desvibed in and who executed the' foregoing instrument, acknowtedged befwe me that they executed the same for the purpoaes
rhere~n expressed. And the said G18dyS .T. Pr~S
,Nife of the wid Conzad Prins upon a separate and private
examination by me taken separate and apart from her ssid hus nd, scknowledged to and befwe me that she executed said instrumeM freely and vofuo-
rar~ly ~and without any compulsion, constraint, apprehension fear of or from her said hu//y~
WITNESS my hand and offic]al seal t6i day of ~ ~ A D.:t~73
~ ~ , ~ ' k
k.
~ Notary Public in and for the Siate of~'r~ ~
My Corr?miu'wn expires: y~ - 3 p . 7 f•"~ . ,
~ Return To: • ' ~ ^"v _ .
first Federal Savings a Loan Association 9"3(~.~5 ' • ~ ~ ` ' ' •
Of fort P:erce. ~ ~ ' • -
~ 4. ~ 1 ~ • ~
Fort Pierce, Florida ~ : '
~ f1LEfi ~if~OROFO ' ~ '
UI. :;.F~
sT LuCiE cawrT~r F ~ ~
~ ROCER ?O~T1~5 ' ~
This Instrument Prepared By 1. H. RObezts ~ Jz . ~Lf .C1 ~CUIT CCURT ' ` r : ~ ' ~
RE~ORD VE~IFtFp~~
First Federal Savings 8~ Loan Association •
of Fort Pierce~ ~ Florida ~ I j 10 26 AM '73
`h~k~ By 254511
Bo~K 2~.4 ~a~E 491
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