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9. To place and continuo~sly keep on the b~i'J~ngs n~w Or hrrrelte~ s~tuate on Sa~cl land and on a:: eq~ip~nent dnd pe~so~a!fy co•.erEd by ~h~s mortg•
age, w:~h all pren~~un~s ~h.;rcon pad m full, f~~e insv~encc ~n tha ..su.~{ sta~~d~rd po;~cy form, in a sum aHN~u~rJ by the hlGR~G~'vEE, a~d w~nJst~rm
~nwronce in ehe uwal star~dard pol.ty fo~ui, in a sum approved by the MORTGAGEE, in such tornpany or co:i~~»n;eS as thr 1~10Ri:,AG:E may
d~rect; and all fire ar,d w;~Jsrorm insv~an~c poiic~es oi any of sa~d bui~d•~gs, any interest therain or pa~t therrof, in the aggr._ga~e w~n aio~eia~d or
in excess thereof, shall conta~n the usual sta~:dard mwtgagNe rause o~ such other ~Ia~ae as ~he Mor!yagee n,ay req~.re, mak~ng tl~e :ess vnJar a~~d poli-
c~es, each and evary, pay~ale ro sa~d A1JRiGAGEE as ~ts ~nterest ~nay appea~, a~+d each and e~e~y svch pu:~c/ ihall UP prJ~~~11y assgn~d a~~d de:~~end ro
eny held by sa~d htOR(GAGEE as fur~her s=c~rity to said morr~a}e d~ut. and, not fess than ten (!0? days ~n aJ.ance of tha exp~+at~on of rech pol,~y, to de-
I~ver to sa~d MORIGAGFE a rene~n•al ttiereof, toge~hrr wi~h a rece~pt for the prem~um oi such re~:ewa!; a~tid ~hure shail be no i~re or v„~ndsto~~n inwran~e
plated On any of said b~i'd~~gs, any interest there~n or part therrof, unless in the form and wi~h the ioss payabtQ as aforesaid; ar,d in the event any sum
of money becwnes pa~ab~e u~~der s~ch oo:icy o+ poLc;es sa,J lAORTGAGEE iheil have the opt,on ro reo:ive .,::d app!y the ia~ ~e on dc:o~ ~t o( t~e i~~d~~:~t~d-
ness sec~rcd hcreby o~ ro per:n~t sa~d 1AORiGAGORS to recu~ve a~:d use i~ or o~~y F,.~rt rhe:~•oi i::~ o~~~• r~:u~; ~s~•s ...ti,_~~+ u~ ~
ing any equ~fy, I en ur ~~qht ~nclr~ or uy virtur of IF~is mcrtgage; a~tid fn rhe event sa:d A10RiGAt30R5 shall :or any rcasun fail to k~•ep the ae~d pr~n~is rs so
mau~ed, Or 1ai1 to deG~er pro~nplly d~y of Said Fwhciei OI iniurar.Ce t0 se!d MORTGAGEE, Gr fdi! ptCmp7ty lo pdy f~•fy any pre~r.~~•n th~~r,-for ot in any
reipect lait to perform, d~scharge, ex~c~ta, eifrcl, co~+~p:e~r, comply with and abide by th+s covenant, or any pert h_reof, s.~~d MvR;G~~G~E may p~ace mu
pay for such ins~ran.e or any pa~t thereof without waiving ~or affecting any opnon. Ifen, equ~~y, or ngM u~ider or b~ v~~~ue of fhis R4or.g.~ge, ar,d the
f~ll a~nount oi each and every svch paymrnt shall be r.nmediately due and payable and shatl bear interest f~om the date ~hereof w~~d pa~d at the r„~e o~
n~nC pe~ teNum per ann~~~ and to~rther w~th suth ~nre-~:r shai~ be srcur~~d by the lien 01 this mOrtgag2.
1. io permit, commit or suffer no waste, i~npa;~men1 or dercrioration of said property or any part ther_of.
5_ To pay all a~d singular the costs, chargea and expenies, including a reasonable attomey's fee and cosrs of abstracts of title, in:vned or pa+d at
a~y time by sa~d MORiGAG:E, because or in fh: event of ih~ fa~iure on the part of'i~ said MORTGAGOR to dv~y, pro:npNy and t~ily pe+fo+m, d+scha.ge.
~¦ecute, effect, comple~e, co~npty w~tn and ab:de by each and every the s>ipular~ons, agreemznts, condiirom, and covenan:s o( sa~d promissory note and th~s
T~artqage any or eirher, and sa:d costs, charyes and expenses, each and every, shall be immediately due a~d payable; whe~her or not there be not~te d~
mand, attempt to co~t~t or suit pend~ng; and the full anwunt of each and every such payment sha!! bear inreies/ irom the date thereof until pa~d a1 tht
.~re oi n,ne per c~ntum per en~wa,; a:~;.' ai~ said cozts, charyrs a~~d rxpenses ~rxur~ed or paid, ~oguther w~~h such ~nterest, shaN Ix secured by the I~rn of th~f
morigage_ .
6. That {a) in the event of any 6reach of this Mortgag@ or default on the part of the MQRTGAGOR, or ~bj in the event any of sa:d sums of moaey
herein roferrrd to be not promptly and futly pa~d _within th~r~y i3J) days ~ext aiter ~he sa~»e severa!!y become d~e and payab!e, wi~hou~ demard or no~~ce,
or ~c) in the event each and every the stipv:a~~o~s, agreements, condrtions and covenants of sa.d promiisory note anrl th.s morrgsge any or e~ther are nof
~u:y, promptly and fuiiy per(o~med, d.echa~g^d, execured, eif~cted, cornplered, comp;~ed w~th and abided Sy, then in euher or any wch eve~t the sa~d ag
gregate sum mentioned in said promissory note lhen remaining unpa~d, w~th inte:e~t accrued, and ali mon~ys secured hereby, shall become d~e and pay-
ab~e forthwith, o~ thereaftrr, at the opt~on of soid AtORiGAGEE, as fulty a~sd compierely as if at! of fhr s.~~d svms of money were onginatly st~pu:aied
ro be pa~d on such dny, anyth:ng in za.d pro*n~ssory note or in this Mortgage to the co~trary not,vithstar,di„g; and therevpon or thereafter at the optaon o!
s~:d h10RTGAGEE. v.ithoul nouce or demar.d, wit at Iaw or in equ:ty, therefore or thereafier beyvn, may be Qrosecuted as if al~moneys secured he~eby
n_d matured pnor to ~ts inshtuhon.
7. That Fn rhe e~enf tt+at at the beginn:ng of or at any fime pend~ng any s~it upon fh~s Morrgage, o~ to foreclcse it, w to reform it~or to enforce
F~ayment ot any d~~~ns he~eu~~der, said P~SURT:,A6EE sha;l ap~~!y to the Cour~ having ~ursd~ct~on thercot for the appo~otment of a Rece~ver, zvch Goun shail
FcrthwitF appo;nt a rece~ver of s.~id mo:tgaged property alf and singular, inclUd~ng a;l and singular the ir.come, p~of~ta, iss~es and revenues from whatever
sou.ce derived, ea.h and eve.y of wh:ch, It be+~:g exNressly unders~ood, ~s he~eby mor~gaged as if spec~ficalty set fonh and destribed in tfie g~ar~r~ng and
habendum cla~ses hereof, and suth Recei~er shoH have a~l the broad and effett~ve (~nct ons and powers in aRyw~se entr~sted by a Court to a Rece~~er, and
s_ch appoin!menr shall be made by such Court as an admittrd equity and a na~ter of absolute ~~ght to said MORTGAGEE, and without reference to the
adeq~acy or inadequacy of the value of the property mortgaged or to the so:vrncy or ~nsotvency of s5:d'MORTGAGOR or the de`a..darts, a~~d th;t such
rents, profits, incor.~e, issues and re4~nues shai~ be appiied by such 2ecaiver atcordu:g Io the lien or equity of sa~d thORTGA;,EE and the pract~ce of s~ch
Court.
8. To du:y' prcmptly artd fu!!y perform, drscharge, execute, effect, comp~ete, comply wirh and abide by each and every the stipu(ations, agreemems,
conditions and covenants ~n sa~d promissory no!e and thtS mortgage sei forth.
9. That in the event the ownersh~p of the mortgaged prem~ses, o~ any part thereof, becomes vested in a perscn other than the MORTGAGOR, the
:'ORTGAGEE, its s~ccessors and ass~gns, may, ~niiho~t notice to the ~~ORTGAOR, deai with such wccessor or s~c~essor in iNerest with rrference to this
n~o~}gage and the deot hereby secured in tne same ma~ner as with Mo~tgagar w~rhour in any way vif;ating or d~scharg~ng the Nlo~tgagcrs' liaoility he~e-
~nder or upon ihe debt he~eo~ sec•.,red. No sale oi tiie pren:ises hereby mortgaged and no forbearan~e an the parl of the N10RTGAGEE or its succestors
o• assi9ns an~ no extersion of the time io. The payme~t of the de6t he~eby secured givzn by the fI.ORTGAGfE or its wccessors or assigns, ,~~ail operare
~o re+eose, d~scharge, modify char.ge or atfecr the ong,nal l;au•I~ty of the MOR(GAGOR herein, either in whole or in pa~t.
]0. !t is spec~iicaqy aoreed ~hat time ~s of the essence cf th~s contract and that no waiver of a~y ob,~gat~on hereundzr or of the obtigation sr
cured hereby shalt at ar.y ti~ne th•=reaher be he:d to be a waiver of the terms hereof or of the instrumem secured 6erby.
11. In aud ~'.o:~ to the fo•eac na *~cr:~h`.y pay~t ents of pr:. c, at and intr.es~ reyu+~Fd by the prom sscry ne~a sec~red hrrebr. n~rtga~x eovenanls
a+~d ag.eez to pay to ~.:crraagee ~~rh eech inon+h y p.3~~:1ent an sdd.r~onal som esr n,ared by mortgagee to be equa~ to 1 12 of the ar~:~ual cost of the foliow-
~~3:
A-All real prope:ty ta~es Ic~~^.~'. c. ass~ssc~ agai•~s! th~ ah,ove desvibid real estate.
B- Fran-,~~~~~s o~ fi.c a~ d a:i~:tistor:r: ~rs:;r~r:e as i~erc;n mqu;~~~d to be ca~:~~~,; on the imrrovements s t~ate on fhe above d~su~bed premises.
C-Prern~u:* s on such mortg;qe guarant y irsurar ce es me•!gay^ee sha;l frc^ r:rre to time deem iit to carry on the ioan s~wred hereby.
Alortga~ee sha'~ frcm t~~,-~e to tlme nct~f~ morry,~3~r ~n r.ritmg of the a~r.o:~t d~a and payabie hereundrr and such svn shail th.~reupon be due and
:.3yable on the due tiate cf rF~ r,ext n:c~~h:~ payment and e~ch s~ccessive mo^fh fnereairer u~:til morrgagee shall noilfy rr'o~rgagor cf a change in such
_~~ount. Such sums s~a.i be ap~~:i.d by mortgag=e tov.ard !he ;,aymeni of rea: prp~¢rty taxes, inwrance prem.ums, a~~d moriy^agc guaranty inwrante
;-•~emiums.
tN \JITNE55 YlHER~OF, the sald ~dORTGAGCR has herevnto set his hard and seal the day and year firs! aforesaid.
~gne ealed a del:vered in 1he presence of: ,{7
1!-+'~ • f
- - (Seaq
J - H@ Y . Bt~ W (Sea4
_ _ > > ! ..(%tAll (Seal)
- ~@rd L. gOUtY (Seat)
S+AIE OF lLCRt9A U~ ~c e~!L
` !
' COUEJTY Of ~ Jt:/ 1f n~'~ ~
i - - ~
' Henr P. Soucv
! Before me personatty appeared _ y and
- VQT t' • ~Ol1W his wife, to me well known and knovvn to me to be
~ the ind;viduats described in and who executes! the foregoing instrumeM, and acknow~edged before me that they executed the same for the purposes
; rherein ezpressed. And ehe sa~d_~ verl j'. BOUW _
:.:fe of the said Henry p. ROUW , upon a separate and privare
e.am~nat~on by me taien separatr and apa~t from he~ sa;d husband, acknowledged to and before me that she exetuted said iruHomeni, #reety and volun-
' t~nly and w~thout any compu~sien, coni~r~int, apprehens:o9, or fear of or irom her said husband. ' ' .
~ Y1(TNESS my hand and official seal this_ ~
t~~_« day of ~CLObQI F=' A. 0. (19?3
/Li1lit^ -
= Notary Pubi~c/ and for the State of ~Fl,~e at large
My Commissi n expires: ' y"'~s
' Retum To: ' }fl7 IE9 '
First Federal Sav~ngs b loan Associat;on ti0~n?Y ~'~tl' 'rT'~. flf 1~I~'~lV YOR~ .
of ~e.: a:~c Q~::; :~:,1 in ~.c_' lacd Co~n1Y , .
fcrt P~e~ce. F:cr T~:i3 C7p.f.5'~.l,r:h 30, 19 7~ _
~L`~~y~~ ~4~-231U5~
V ~
~ This Instrument Prepared By ~ J. H, Robez tS ~ Jr . ,~~~.~~~~~p
First Federal Savings 8~ Loan Association ?~~EC 'LOUrSY ~~A.
of Fort Pierce , FloYid~ S1.R~~';`c ;,~.;RAc t~
cl~~~ ~ ~ i~ F'? ~.C~~at
Checked By ~ pc~.r:- ~ ti
~t ~ ~5 aM 3
- BooK~~O P,~~ 194
;