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3. To p'ace and co~~t~nuousry kcep on t1~e bu~ d~ngs no~v o~ 1~e:eafter a~r ate on sa~d tand and on ali cqu~~•~~:ert and persona:iy co.<<ed by i?:~: mortg-
~ge. with all prer» ~~n:s tt~rrren ps ~l in fu~l, I~ra insur,~a:te in tiir ..sw: stand.+rd po'~cy iorm, in a sum a{.Hru+rd b/ ti~e titGR:C,:aG~i. a~~d wi~~ditu~m
insurante in thG vsuai a~onda~d F,o:.cy fo~~n, in a sum a~.~~~o.rd by the h1UR1GAGEE, in such company or cc~n~~,an:es as the ft'~J~ivAGfE may
d~retl; and al) tiie and w~ndstorm insurance po:ic~es on any of sa~d b~~~d~ngs, any :nterzst there~n ar part thcrcof, in the aggrrgate s.: n afu~eia~d or
in e:cess thereof, Shdll LOnW~n the ua:,a~ ata~:tia~d mong~gee cause or such o~her cla~se as the Mortgagee may rryu,re, maMing the ioss unda~ s~•d µoii-
ties, each and every, pa~~L~!e ro sa~d h~QR1GAGEE as ~ts intemst rnay appear, and each and rvery such po.~c~ shall te prompf,y ass g~~ed a~.d del~~rrrd ~o
any held by sa~d MORfGAGEE as iu<<her s_curiry to soiJ ~~~ortgage dabt, a~~d, oot less than ten (IOi days in ad.ence of the erF~~~at~on of each por,cy, to de-
liver to said MORTGAvEE a renewal lhcreof, together witfi a rett~pt for the p~rmwm oi wth renewaF and there shail b~ no f~rc or .~i~~ds}o~m ins~ran:e
placed on any of sa~d bui!d:ngs, any int;:resf there~n w part rhe~eoi, unitsa i~ the ionn and with ~he loss payab~e as aforesaid; ar•d in the eaent any sum
of money becomes payab~e vndrr wch poiicy or poLc~es sa.d ~10RTGAGEE sh„il have ihe opr,on to reca:~e ..nd .~pp~y tlir sa~~~e on aicou~~t of tne ~nd~bi~d•
nass secured hereby or to Fx:rn~t sa~d MORiIiAGORS to recr~ve and use ii or any pa~? ti~_•:rof la~ o~h,•r f;ur; ~srs, v:~~t~o~t if~ P""
ing dny eqv,~y, lien or rigM i~nder or by virtve of Ihis mCr:gage; and in the event sa.d A40RTGAGURS shzil for any reason fail to kecp fhe se~d premisas so
inwred, o~ fail to drl~ver pro~~,N11y dny of se~d pol~c~es ef inw~ante to sa~d h10RTGAGEE, or f~i; p,omptiy to Nay ?u'.ly any pr<~~~+~~:~ thereloror ir, any
~espett faii fo pei(orm, dis:ha•~e, eaecute, e`iett, torc~plcte, co~r~ply with and abide 6y this coven~nt, o~ any p.+rt hat.:oF, said M~~RT'v'AGEE may p~ace a~ d
pay fo~ wch inswence cr any pa~t thrreof w~~hout waiving or affecting any option, ~ien, equny, or rijhe w:der or b~ v~~we of +h~s l~lortqage, and thc
1u11 amo~nt of each a~id e.ery s~~ch pay~nent shall be ~n~mcdiately due and payable and shall G~~a~ interest frcm tho date thercof u~~r~l p.,id at thc ra~e ol
n~ne per cenr~m per an~cm er.d to:y_tt,~~r ~~th s~•:h in~er~sr sh„~~ Le sewreJ by the lien of this mortgaga.
4. To permit, com~,~it or suffer no waste, in:pairment or deteriorat;on of said prope~ty o~ any part thr~eof.
5. To pay aIl and s~ngular the costs, charges ar,d eape~ses, lncluding a reaso~~able attorney's fee and <osfs of absrrads o4 tie!e, incvned or pa~d at
any tin:e by sa~d MORTGAGEE, becavse er in the eve~t of ~he fa~lure on the part of the s.~id MORTGAGOR to du~y, pra~~pNy and fu:fy prrlorin, d~schargr.
execute, effect, comptrte, co•npty w~th and ab.dr by each at~d e~ery the st~pufat~ons, agreements, co~dit~ons, and covenants of se~d promissory note and ~h~s
morrgage any or e~iher, and sa d cos±s, charges and expenses, rach and every, shaft be immed~ately due and Fayab!e; wherher o~ not there t~ not~ce d~
mand, attempt to co'lect o~ suit pend:~:g; ond the fu~l a~nount of each and e~ery s~ch payn:ero sha~! bear imerest irom the da~e tiie.eof uniil pald at the
sate o~ n~ne per crntum pt~r an.w:n; all said co~n, ct.a,ges and ex,~r~~ses ~~cwred or pa~d, toyather wah such Ill(ElCS~, shall be secured by the i~rn of th.s
mortgage.
6. 7haf (aT in the e~ent of any breach of this Mo~tgage or deFa~!t on ths part of the h10RTGAGOR, or ;b) in the event any of sa d sums of money
herein referrrd ro be no~ prompt~y and fuilv pa~d within thuty (30) days next ain_~ the same se~rera!ty becomr d~e and payeb!e, w~~hout demand or not~ce.
or (t) in the e,rent each and every the stipu;anons, agreemeius, cond.sio~~s and tovenants o4 sa J pro~»~isoiY note and !h~s mortgage any or enhrr are not
~uly, pranptly and iutly ~erfonned, d.sci~arg~d, e~ewted, ettrcted, cemp{eted, complied wirh and ah~dod '~y, then in e~ther or any such event the sa~d ag
grega!e sum mentioned in said pre~nissory nc,rr than remain~ng ~~ipaid, with intrrest accrued, and al{ moneys sewred hereby, shail become due and pay-
eble forthw~th, o. th2reaftcr, et thr cpt~on ot sa~d MO~iGAGfE, as fuliy a~xJ comple~ely as if all of the so~d wms cf money v~ere ong~na:Iy st,pu:ated
to be pa•d on such d~y, a~s~thing in sa d pro:n:zsory no~e or in this Mortgaga to the contrar~ not~~thsta•~d~ny: and rhere~pon or ~heieaftrr at the opt~on of
said MOQTGAGEE, w~iho~t nohc.. o~ drmand, surt at :aw or in equny, thcrefore or lhereaNcr begun, may be prosecwed as if all monrys sewred herrby
bad matured pnor to ~ts ~nstituhun.
7. That in the even? rhat a~ the beginn.ng of or at any time pend~ng any wrt upon this hleregage, or to foreclose it, or to reform it, o~ to enforce
payment of any tleimi hc•eu~•t7•.r, Said ~~FORTGi.vEE sho~i ;pply to the Coun havi~lg ~unsd~c~~on ther~of tor the appo~~t~neN of a Receiver, such ~o~rt shall
Forthwith appoint a receivzr of said m.ertgagrd property alt and sinquiar, inclvd,r~g al~ and singular the income, proLts, issves ar,d reven~es from wh~tever
source drri.ad, each and every of w'~.h, it be~~~g exprrss~y undersrood, u F.er_•br mort~aged as ii speuficaily set foith and desv~bed ~n th2 grantiny and
hatxnd~m dauses herro~, and such Receiwer shaii have a~t tne broad and efle~:i.ve funct,ons and povve~s in anyv,~se entrusted by a Co~rt to a Receiver, a~~d
s~ch appu~nTme~:r sh,:i be .r:ade by such Co~re as an ad nim•d rqJity and a~T~atrer af aCsc.ure r;gM ro sa~d A1uRTGAGEE, and v~.~nc~ut ~efr~ence to the
adeyuacy or ir:adequaty of tt.,: vawe of tFe property mortgaged or to the So ~enty or ~n;o:.en.~ of sa:d MORiGAGi7R or th? d'cf~~:~dants, and that wch
renrs, protits. income, eswes and rever,~es shaii L-e appi~ed by such Recr~ve~ accorci.n9 fe the Gcn or equity of se:d MORTGAGEE and the pracnce of wch
GouA.
B. To du!v, prompr'y and fui~y eeriorm. d[scharge, execute, effect, complrte, comNly wnh and ab~de by each and eveiy ihe st~pu:atians, ag.eemeNS.
cond~t~ons ar.d covc:~anis ~n s~.d pro:niszory r:ote anri ~n:s n,orf~jge set forth d_
9. iha! in the eve~t the ov:ne~sMo of th~ T.ortgaged prennses, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEc, its successcrs ar.d ass~gns. n;ay, w~rho.,t ncr~c~ to tt~e NORTGaOR, dea~ w~t}i such wcceisor or svccessor ~n interest ~v:th reirrence to th~s
mortgage and rhe drbl hcreby sccured in the same n:anner as v~~th t.tortgago~ w~thout in any way vit:ating or d~scnarging the Idort~agora' liabt:ity he~e-
under or upon the deot hereu~ s_c~rrd No s3:c of ~he F~em~sr_s h~~e0y mortgaged and no forbemance on the part oi the /110RTGAGfE or its successors
~ or ass~g~s and no exre~s~on of the t~n;e tor rhe paymem of tne debt he.eby secured given by 1he MORTGAGEE or its successors or ass:gns, a:~al1 oYe:ate
to re!ease, dacharge, mod~fy charge or affzct the orig~nal :iaoJ~ty of the M.GRiGAGOR herein, ehher ~n whole or in part.
10. It is spx+f~ca~ly agreed that time ~s of tha essence of this contract and that ne waiver o~ any ob ~get~on he~eunder or of the ob!~gation se-
eured hereby sha~t ar any time ~herra~!er be hcid to be a v:~~cer of the~trrms hereof or of the instrumers~ sewred hr~by.
11. Ir, ooJ,:o~ to th~ forego:~~ •-on:h~y ;:ay~n•~n!s of p.incpal and ~nter~~st reywr~d by tne promssery ncre secur?d I~~reb~. ~~r.tg~gor covenants
and agr•_es !o pay to n.o'tqagee w~th ~~a:h n•o~~th'y F,aqr ,ent ar. aAd~uonal sum ez' ^:ated by mortgage? to be eqvai to 1, 12 of tne or::~uai cost of the follow-
uig:
A-AI! reat ~ reperry ~axaS ~F'/~e:l O! .j%PS'_CC7 .,c :~•~st :ne aco~e desc~i~ed real estate.
j 6 v~:~.u::s on f:r.. er,d vr~ndsto~~•. I~s•~~a~ce ~s i:zrc~n r~qu,red to be ca•n._d cn the ;:roveme~+s s:ruate on th~ above d_scr;`;ed premises.
C--Pre;*~~~~~• s o•~ w~.n ~*:o:t~::~e y.,a•::n•y ~esurar,ce as mo•rgagee si,s~i i~c~*, . ~~~e to tlme d~em fit to earry on the ~oan secured hereb~r.
f~lortgaqr? s~~! `~r,•r. t~•n•_ to n,~i? r.,c~~y:;g~r ~n :v~it;~:g of the a:ro~~t d~e and payab;e here~nd?~ and such w•n sh,i~ th<reuEan be due and
Fayau!e o~ tha c::,e aer- oi rF~= ~.e~t or~tL ;,p~;~ne:u and e~ch successive mo•~th thrreaft~r ~re~~ mertgagee sha~l ~ot,fy morfgagor of a chan~e in such
~ a:~:ount. $~cfi svmz s'~v~.i ;e a;:~•.~,d oy murtgagre !ov.a~~ t;,~ pa~ment of real prcperty taxes, insurance prem.ums, a:~d ~'~gage yuataNy iniurance
premiums.
IN 'tVITPJESS ':JHf2EOF, the sa~d I;IORTGr,GOSc has hereu~~to set his har.d and seal t~ day and year iirst aforesaid. }
S: ned, Seated and deiivered "n th ence of: ~
/ ff1E0 ~'~n pcLpiiOf~ / ~
- 51. LU~tf COt1MTY fU. (Seaf)
- f:0~~.. ~v'.~~1i5 Ro~and L Maco Jr. ,~aq
C~EKK C.,•~,vtT CaUpT i~' ~~LC ,fi%l~Gjt
- ~c.:.a)s:i: ~r~ r,~; cseaq
~_LZ .c Thelma T . htacan ~~a~)
SiATE OF North Caro~~na~ ~1 ,0 14 ~~1~ r-
~ u_ 2'732~~ .
COUtJTY OF ^ ~
Before me personally ap ared ROIdIId Macon, .JI . _
-----~~_-~-~---~-__~~-~-"-----~"~~----~--__~~~Z~sv~?w fo me well known and kqown to me to be
the individ~ai• descriEed in ar.d who executed the foregoing instrument, and a:knowSedged before me that he exe:uted the same. for the purposes
therein expressed. Aw~tM~~
.fib~;at+d
w:fw~t?hssa;~--~~~~--..~-~..~~~-~----~-----~-~~~~~-~~-----~-----~~~~~~~~~~y p~.etC~
e~c~t:n3!iDa bx ~e Lu~.seAo~ate ~otLa~wri Src.ru ~i sa+ri h~~~ xJcnow{4 roaod. 6alnre.ma. ~ha~.sba~coc~u~sa~d.~vrs ~aryd ~rdrn..
~~~lY_aod Y~iJhoL+_a~K to~u:sic~,.ce:suaint._aFw~ns~q. ~e fex_oE .oe Sr~ 4ec said.ly+sband_ . ~j.' ' d
WITNESS my hand and official s~al th~s_ day or_ January - ~D.'~4
/ • • '
~T / /
N tary Public in and for the' ~ te rt~'+~a^La+'~e ` J -
My Commission expires: ~ ' _ T • -,f:
SiATE OF FLORIDA ~ . . . ^ . • ~ ,
SS ~ . . . . - .r~ " ._y
COUNTY OF _ $t• Lacfe 1 . - !1~
T. Ma~an ~'Carhimssion E~p:res Nove.~bcc.;,~l,/13~T ..e~c~~•-.- .qa
Before me personally appeared _--_-~81.ID~- ----~Y~r,~-~- "
_ _ _ _ . _ _ ~ _ . _ ~ _ _ _ _ ~ _ ~ =lISLW iSe~ to me well known a~d known to me to be
the ind~v~duai descrEbed in and who ezecuted ~he foregoirtg instrumeM, ant~ aj.~ctby~t~ged befats m~ that ~'fie ezecuted the same for the purposas
T. Macb ' ' '
therein expressed. And the saEd ~}1@~~ ' ; `
Roland L Macon Jr 1~%~ ~ =
rv+(e of the said _ ' • • ~ ~ ~ ~7 ~ " / - , vpon a separa+e and privare
-
exam~nat~on by me taRan seaa~ate and apart frcm her aa:d husband, acknowledped apd before;m~tbat she executed sa~d insrrument freely ar,d volun-
?ar~ly and w~tho~~t any compv~siun, constrafnt, appre s: , or loe~ of ar 1~rn .r s id`hu~and :'j' _
~
WITNE55 my hand and ofFioal seal th~s_ _ _ day o~-' ~ ~ A. D. 1 ~
. ~ _ ~ ~
~ n
) (i~-~C~
l,I1ClRCU O~/ - _
This ins trument prepared by i.,, o ry Pub~~c in ar.d fot the State of Fiorida at large
M Comm~ss~on expues:
Gary F. Ellaood r:,, s; ~TE ~r FIORIDA at LARGf
First Federal Saring s and Lo~ ~an. 7, i977
~Fort ~sPierce, Floriaa f~ R p~f ~A(~ , " _
Jo l~.sorance Co.
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