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3. To place and conrinuously kzep on the b~~'d~ngs ~w+v or herea(ter e~wate on sa~d ~ond ar~d on alt CC,J~~ii11C~1~ end perso~ally toverecl by lhis mor~g-
sg~, with all pren,~~ms Ihereon pa d in full, f~re iniwence l~i the usual stand~rd po:~cy form, in e wm aFprqred by Ihe MUR~v=.GiE, a~~d w~~~Jsturm '
~nauronce in the uwat uanderd pot~cy to~~n, in a wm a{.prova~ uy the MORTGAGEE, in such cornpany or co~~~pan~cs as ~he A10ki`vAGEE may
d~recq a~d all iire ar.d w~ndstOrm ~nsuronce po~iuei on any of said build~ngs, any interest therein or part ihr~eoi, in the aggr..ga~e su~~~ afcresaid or _
in excess thereof, ShaU tonta~n ~h~ ~suat sta~~dard mortyaqre clause w s~ch o~he~ da~ie as the Mor~gegee mqy rryu~ro, mak~ng d~e :oss unJrr s~,J po~i-
c~es, each and every, payable to sa~d h1pRiGACaEE as ~~s intcrest rnay appear, and each and every such potfr~ s~~ell be p~or.,ptty ass gned ar.d drlivcr~•d to
eny held by sa~d htORfGAGEE as i~r~her secu~~ty ro sa~d rnortgage debt, and, not les~ than ten (10) days in ad:ance of the exp~iat~w~ of each poGcy, to dr-
Irver to said MORTGAGEE a ren:wal thereof, tage~hrr with a rece~pt for the premium of wch renewal; and there shall be ~w Lre o. w~~~ds~o~~n inwrence
plated o~ any of stid buildings, any intrrest ~here~n or pa~t thereof, unless in the form ar~d with 1he loss payat~Ie as afore~aid; and i~+ tne event any s~m
~ of maney becomes payabie ~ndr~ avch poticy o~ po~~cies said MORTGAGEE shall have thr op~~on to ~eceive and apply the sa~ne on accou~v of the i~~dct:~rd- ,
ness secu~ed hereby or to permit sald A10Ri~iAGOCS ~o recrive and use it w eny part th~reoi tor otn:r p~~;~osrs, r.:~hc.:t ~h_•. u; ~7 ~~"P~'••
ing any ~qu~ty, lien w ri9ht under o~ by virtue ot ~hu mo:'gage; a~d in the event sa:d MORTGAGORS shall tor any re~son fail to kecp the iald premia~•s so ~
inwred, o~ lail to detive~ p~anpfly any of Said poGties Of iniurante !o sa~t~ MORTGAGEE, or fad promptty to pay fuily any pre:nium Il~e~efor or in any ~
re~pect 1ai1 to perform, d~scha~9e, ex.cuta, e+Fec~, completr, comply wi~h and ab~de by this covenanl, o~ any part hereo3, s.+id MORIG~GEE rnay piace a~~d
pay for such inwrance or any parl ihereof w~thout waiving or af(ecting any option, lien, equ~ty, or right unde~ or by v~rtue of ~his Mo~tgage, and ~he
full amouN of each a~~d every such paymem shall be imm~~d~ately due and payable and shall bear interrst fro~i the da~e thereof unnl p,;~d at thr rote of =
mne per centum per annc,•ri and to~eth~•~ w•rth such in~rrrsr sh~li br socured by the lim of th~e mortgage. I
1, io,prrmi~, tommit w suffer no waste, impai~ment or deterioiation of sa~d Property or any ~art thereof.
S. To pay all and singular the costs, charges and expenses, inctuding a reasooable atrorney's fee ar.d costs of abstracts of tif!e, inc~rred or ~~d at
any time by said MORTGAG:E, because w in the eve~t of the fai~ure oo the part of the said MORTGAGQR to dvly, p~o^•prly and fu11y F~eriorm, d~scherge
eaecute, effect, complete, co~nply w~ih and a4~:de by each and every the stipula~~ons, agreernents, cond~tions, and covenants oi sa~d pwmissury nore and ihis
mortgage any ot eirher, and sa;d tosts, cha~ges and expense~, each and every, shal{ be immad~ately due and payabte; whrther or not rhere be not~ce dr
martd, anempt to td.lect or suit pend~ng; and the full amount of each and every such paYment shall bea. imerest from ihe dare thereof unri{ pa~d et the
r.~te o~ n~ne per canlum pti•r annu:n; .,nd a~l sa~d casts, cha~grs and exNenses incurred or paid, together with suth intrrest, shall be cecuted by the I~en of th~f
morlgage. ~
6. TF~at (a) in the event of any brea;h of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the event any of sa:d su~ns of money
herein refe~red to be no~ pron,ptly and lu~ly paid witlun th~rty (30} days nex~ a'.te. the sa~ne severa~ty becofr.e due and payabte, without demand or no~~ce,
or (c) in thr evem each and every the ssipu:ations, agreements, condrtions and tovenants ot sa d promisswy nme and th~s mortgage any or e~ther a~e nul
~vty, promptly and iu!ly performed, d:scF~e~y~•d, execu~ed, effected, co~npleted, comp6ed ~v~th and a~~ded Sy, then in e~ther or any svch event the sa~d ag~
3regate sum mtnnoned in said pran~ssory ncte thzn remairting unpaid, with inte~e;t acuued, and atl moneys secured hereby, sha~l beeume du! and pay-
eb:e fo~thwith, or th>rca{+er, at tF.e opt~a~ ol se;d MORIGAGEE, as fully arrJ comp:ete~y as if all of the sa~d wms of money were onginaily st~pu:a~ed
ro be pa~d on wch d~y, anyihing in sa,d prom~ssory ~ote or in this Mwtgage to ~he co~rrary notriiihsra~:d~ng; and there~pon or theieafter ai the op~~on of
s~:d M~RTGAGEE, wirhout nonce o~ dr~r.and, su~t at taw or in equity, the~efore w therea(~er beyun, may be proiec~ted as if all mooeys sec~red he~eby
n„d mawred pnor to its institution.
7. That in the event that at the beginn~nq of or at any time pendi~g any suit upon this Mo-tgage, er fo fo~ec!ose it, or to ?eform it, or to enforce
payment o! a~y c!a~ms F~erevr~d~_r, sa~d MORTGAGEE shall apply to the Court having ~ur~nd:ct~on thereot 1or the appo,ntinenl of a Receiver, suth Cu~rt sha~!
Forthwith appoint a receiver of :aid mortgaged property ali and singular, indud~ng all and singuiar ~he income, prof+ts, issues and revenves f~om whatever
scurce derived. each ar•d e~ery of wn:ch, it tx~ng exprees!y understoed, is F.errby mor~gaged as if spec~ficaity set forth and descr~had in the grann+ig a~d
habend~m cfauses herrof, and such Rece~var shall have all thr broad and effective f~nct~ona and pawers in anyw~se entrusted by a Cour1 to a Receiver, and
s..ch appu~nhnent shau be made oy wch Courr as ar, ad~rutted equity and a mane~ of absolute right to said MOR~GAGEE, and w~rhout ~eierence to the
a~iequacy or inadeqvaty of the va:ue of the p~operty mortg~ged or so thc so.~ency or msolveney of sa+d MURiGAGOR or tl~r defendan!s, and that wch
re•~~s, profits, income, iswes and revenues sha;~ t,e app~i~d by such Receiver ar.ordu~g to the I~en or eGuity of sa~d MORTGAGEE and the pracrice of such
Court.
8. To d~~y, premp!ly and fuily perlorm, d:scharge, execute, effect, co.npiete, comply with and abide by each nnd every the stipu~~tions, agree,nents,
: ~nd~tions and covenants m sa~d promissory nate and this mortgaye set iorth.
9. That in the event the ownenh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~.ORTGAGfE, its successor; ar.d assigns, may, wiihout ncnce to the MORTGAOR, deai w~tfi wch s~ccessw or successor 1n interest wisn refrrence to this
n or~gage and the deb~ t~ereby secu~ed in the same manner as w~th L1or~yago. w~thaut in a~y way vit~ating or dacharg~~~g the Mortg~qori liabiGty her~
~,nder or upon the de6t hereby secured. No sa'e of t6e prenuses hareby mortgaged and no forbeerance on the pan of the 11tORTGAGEE or its succrssors
or ass+gns and no exrension of ~he nme forthe payment of tha debr he.eby sec~red g~ven by the htORTGAGEE or its successon or ass:gns, a~~all operate
to ~elease, d~scharge, mod~fy change or a(iect the o~ig,nal ilau~l~ry of the MORTGAGOR herein, either m whole or in part.
' 10. It is spec~ficalty ag~eed that time ~s of the esser,ce of th~s contract and that no waiver of any ob!tgation hereunder or of the obligai~on s~
cured hereby shall at any time thcrzafter be hcld to be a wauer of the terms hereof or of the instrument sewred herby.
11. ?n addtion to the fo~ego ~~3 r-~cnthiy pay:r~nn of pr~nc pal and int~rest requ~r~d by the prom.ssc+y no~e sccured hereby, mortyegor covenants
j~~d agr_es to pay to mo:tgagee v`~tn each rc~onthfy paj~.:ent an add.rional sum es'inated by mortgagee to be eqvai Io 1; 12 of tise annual cost of the ioilow-
'4`
A-Ali reat property ta,ees ~rn~d er ass^ss~~d ag~i•,s' the aho:e describcd real es~ate.
~ B- Frem~ums o~ fire and .vi::ditorm ~n~~,rar.ce as iie~c~n r~qv:red to be car.;.,d on the :m,.roveme~ts srtvate on the abovc d_svif;ed premises.
G-Prem;u:~~s on such rccrtgsoe gua.ant~ ~cs~~rar,ce as rr.o•tgayce shaii frcm t rne to t;me Jeem fit to carry on the foan secured hereby.
Morrgagee shei! from ~~me ~o tune nct~fy mertgagor i~ wr~t~ng of the arr.ovnt due and p~yable hereunder and such su:n shali thereupon be due and
` eyabie On th~ due date of the nc~ct moMl~'y payme~t and eath wucssive month tnercaftcr ~r.til mcrtgagee shall notify mortgagor of a change in Such
~
p :•.ount. Such wms sha:l be ap~.:~ed by morgag~:e toward the Hay~T~ent of reai propert~ taxes, ~nsvra.ice prem.ums, and mortyage guaranty insutante
~ n+emiums.
~ fN Y/ITNE55 YJHERiOF, ihe said MORTGAGOR ha} ~ereu~:lo set his hand and scal the day and year first fcresaid.
f Signed, Sealed and delivere in the presence of: ~~LE~ ~?.r; r{,v.R~..~ ~ r
~ ~ f. yCl{ ':(;UlfY~ ~Lj• ` . ~ - - /Seap
~ - ~ ~ G. B. Walters
e c ~ 3' ~ 0!1T (Seat)
~ ~fni:r . ; - ~ ~ ~ l/~~ ~U (Sea!)
~ - . ,
~ ~~r,~, / ~ ~ _ ~ ~O ~ ~~1' Alliece Nk?lters _~~ap
~ SiA?E OF FLORIDA ~
~ SS-
p :OUNTY OF $T • ~CIE _ 1 2~345~
~ G. 8. Wa1teZ5 and
~ Before me personally appeared _ .
~ Alll@C6 lJalters his wi(e, to me wefl known and known to me'to be
th_ individua:s described in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for the purposes
~ rherein expressed. And the sa~d__ Alil@C@ kTalters _
~ „~fe of the said __G. B. Walters upon a separate and private
e>am~narion by me taken separate and apart from her sald hus and, acAnewledged to a~d before me that she executed said insrrument freely and volurt-
v taniy and withov! any compu'sion, consUa~m, app~e ~ n, ~ of or fram her said husband.
= W~iNi55 my hand and offic~al seal rhls__ - da~~Gf Januar , A. D. 19 7~
«~L
f:~ Notary P~blic in and for the State of florida et large
` My Comm~ssion eapires:
Rerurn Toc '
first federal Savings a loan Associar;on ~
%t Of fo.t P •.:ce. -c [ii:?:.:Pt ef
{ ' tARGE
4~ Forc Pi~~rce. F:crid? . 1971
_ , Cn.
Hi
; ~ti
This Instrumem Prepared By John W. Collins
~'`j ~r - ~l,.
First Federal Savings 8 Loan Association
of Fori Pierce ~ F loz i da % • ~ . _
a~ .~;oT~C .
- Checked By ; ~ ~ ~ _
[ ~ ~ ~ ' JE~,.v-i~„`
- 80~M ~~..3 Pb..E ( ~ ' ~ ~
= ~ o~.
-w; ,
ta~
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