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3. To plac~ and continuouily keep on Ihe bu~!dmgs now or hereafte~ situats on ~aid land and on sll eqv~pment and pe?ionaUy cover~d by ~hi~ mori~-
ege, with sll pr~miums thereon pa~d in ful~, I~~e in~wsnce in the utwl uandard pol~cy form. ~n a ~~m approwd by the MORiGAGEE, a~+d windstorm
insvranc~ in tM usual ~urxlard pot~cy fwm, in a aum approved by the MURTGAGEE, i~ such compa~y or comP+^~~~ u~he MORTGAGEE may y~ :
d~rect; and all iire and w~nJitorm insurance policias o~ a~Y of said build~nys, ~~y ~~~er~st therein o~ parf Iheraol, in tM ~y~e9at~ tum alo~esaid ot ~
in exceas Ihe~eof, ahall contain ths usual standard matya9ee dause w such other davst +s tM Mo~ty+BN may ~equ~r~, maMirp the Icst unda sa~d poli~ •-y
c~es, each and every, payable to u~d MORiGAG:E as ~ts intrrest may •ppoa~. and rach and wery such po~~ty shall be prompNY +isg~~ed •nd detivered ~o ,:...1 ~
any held by s~id MORIGAGEE as further iewrity to said mw~9afle deb?, and, r+ot ks~ than tcn (10) dayi in adv~~ue of the eapiration of each poiicy, to da
u.er to ~aid MORTGAGEE a ~enewal thercof, loqe~he~ w~th a rece~pt for the premium oF such reae+.al: and ~here shsll be ro iire o~ winds~orm inwranc~ i
plxsd on s~y of said buildinys. any interest therei~ a part ~hereof, u~less in ~he fo~m and with th~ toss payable at ~tw~~aid; a~+d in the ~vent any ium
of money become~ pavable ~nder such polisy o? po~icies s+~d MORTGAGfE shall havs the optia? to ~ece~ve a~d spply the sams w+ acca+nt oi the indebted~ _
po ~
nr~s secured hereby or ?o permit sa~d MORTGAGORS to retaive and use it ot any part theceol for otncr pw~wses, w~~ho~t tharcu~ war.i.+g or ~mpair-
ing any equity, lien w rigM under w by virt~s of this mortgape; ~nd in the evea~ sa~d MORTGAGORS shall for any reawn fail to keep ~he u~d premiset so `
~~~sured, w fail to daGver promY~~Y +^Y of said po~~c:es o~ insurance w sa~d MORTGAGEE, w fail promptly to pay fully any p~emium thercfo~ a in a~y ~:r~ {
reapect (ail lo per(orm, disiharge, ezecute, e(Fect, comp~eln, comply with snd abids by th?~ tovenant, w a~y part hareoi, said MORTGAGEE may plsce ~~+d ~
pay (or such insurance or anv parl thr:eof wi+hout waiving or afiec~inq any option, lien, equity, w r~ght under w by virlue of lhis Mat~afle. ~nd tht j
t„~I amoum of each and every such paymeot shall be iR,med~ately due and payab~e and shall bea. intereat from ~he date ?hereof until paid at the rate of ~
-~~~~e per centum oer ar.-ium and to~~thrr .vith su:n ~nter~sr shafi be secured 6y Ihe lien of this mo+tgage. .
4. To pe~mit, commit w suffer no was~e, ~mpairment o~ dete~~oration of sa~d property or a~y part thereof. ~
5. To pay all and sir,gulsr tM casts, charges and expenses, ind~d~~*g a rPawnable at~orney't fee snd costt of sbstracts of titl~, incvrred w paid a1
any ~ime by sa~d MORiGAG'_E, because o~ in ~he eva~~ of the fa~~ure on the pert of ~he sa~d MORTGAGOR to duty, prompNy and futly perform, d~uha~qe,
,.ecute, eflec~, canplete, comply wrth and ab.de by each and every the s~ipulanons, agreements, conditiont, and tovens~ri of said promissory nola and this
,:,crrgage any or e~~her, and sa~d cos~s, charges a~~d expenses, each and eve.y, aha11 lx immediately due and payable; whethe? a nol there be ootice dr
rr;an^:, attempf to co~lect or sui~ pend~ng; and the tull amount of each and every auch paymen~ shail bear interest from tM date tFxreof uMil p+id at tht
. cf ni~u per centom per an~~u:n; a»d ail sa~d cc~s:s, cha~grs and exprr.ses ~ncurred or paid, togethe? w~th such iMerest, shall 6e setured by the lieo Of thif
rortgage.
6. That (a) in thz event of any Meach of this Vbrtgage or defaull o~ the part oi the MORTGAGOR, w(b) in tF+e event any of said surtu of money ~
herein referred ~o be not pror.,ptly and iully paid wi~hin th~rly (30! daya ~+exf aTrer fhe same severaity becams due and payable, wi~hout dertwnd a notice,
o~ (ci in tha evem each and every the s~ipu~ations, agreements, co~ditions and covenants ~f sa:d p~an~sso~Y note and th;s mort9age a~y w either are not
J,;;, promptly and fotly performed, d,i:harg•_d, executed, effected, completed, co~npiied w~th and ab~ded Sy, then in e~thet o~ any such event tFa ss~d ag
3~~ 3ate s~m mentwised in said psomissory note the~ remairt~ng unpaid, w~th interest accrvcd, and all moneys setu~ed hereby, shall (xtome due and pay~
e lo~thwith, or thereafter, at the opf~on of said hSORTGAGEE, as fully ard complete:y as iF all of the aaid sums of mortey were org~na~ly s~~pulated
~ r i~a pa~d on suth day, a~ything in sa.d pro n;ssory nate or in this Mwtgage to the coni~ary notwl~hs?andi»g; and thereupon or the~eafier at the op~~on ot
s~.d MORTGAGEE, uitnout notice or demar.d, suit at law w in equity, ~Aerefore or thereafter begun, may be proaecuted as if atl moneys secured hereby
n c r:ietured ~nor to ds institution.
7. That in the event that at the bayinn;n9 ~~f or at any time pending any su=t vpor+ this Mo~?gage, or to foreclose it, or to reform it, or fo enForce
:~,ent of any ci3;ms hereur.da:, said h10RTGi:Gcr shali ~ppty to the Co~rt hav~~:g Eur~id:ction thereof for the eppointment of • Receiver, such Covrt ahafl
:.;rh appo~nt a recei•rer af sa~d r~ortga9_d p~ep~~ty a!~ anc singuiar, inct;,d:ng a~! and s+n3~lar t!~e incoma, profits, issues a~ revrnues from whateve?
~.r dari.e~, eacfi and ?very oi w`~.ch, n be~ny e~,.ress~y unde:stvod, is he:eu~ mongaged as ~t speufically set forth and deuribed i~ the y~anti~g and
iu~,•=+,dun: cia~ses heraoi, and svch Recriver sha:i ha~e a11 the broad and effecT:ve tu~ctons e~ powers in anywise eMrusted by s Cou?t to a Receiver, and
s_;h appoinrment shalt be made by such Coun as an ad~nined rQu~ty and a ma!+er of absolute t:ght to said MORIGAGEE, ~~d without reEerence to the
adc•yuacy or inadcquacy of the value of the properry~:nartgaged or to the so:ve~~c~ or ~nso~vency of :aid MORTGAGOR o~ 1he defendants, and that such
.~~;ss, profits, income, is:ues and revenues shal: be appiied by such Recer.er accord,ng ~o the Gen w equity of said MORTGAGEE and the practice of such ~
i
Court.
8. io du'y, pr mptly and Futly perform, d~schaige, execure. effect, complete, co;~~ply w+th and abide by tach and every the stipulaYwns, agreements, i
:,..~dit~orts and covena ~n sa~d p~omissory note and ihis ~nortga~e set forth.
9. Thar in the er.t the ownersh~p of thz morrgaged premises, o. any p3rt thereof, becomes vested in a person other than the MORTGAGOR, 1he ;
:RTGAGEE, its w esso~s and ass~gr.s, mny, wifhcu! no'~ce to ~he 1/lG2?GAOR, deai wuh such successor w successor in inte?est wirh reference to thi~ ;
o•!yage and the ebt hereby secured in the same manner as woh htortgagor w~th.:ut in a~y way vit;ating o? d~scharging the Mortgagori lisbility herr s
._•:~ie~ or upon the drbt hereo~ securcd Ko sa;e of th2 pren'is~s h.reby rr,ortgaged ar.d no iorbearanee o~ the pan of the IdORTGAG.E a its svecessors
assiyns and ~o e,erens~on of the +~:ne for ~fie payn-.em of tne debt he+eby secwed given by the MORTGAGEE or its suctessas or auigns, a6af! opetate ~
o re~ease, d:scharge, rroJ~ry :`ange or aflect rhe c~i3~na' 1iau:l:ry of the h'.ORTGAGOR here~n, eithe~ in whole or in part.
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10. h~s sper~~c ~;ey aa•eed ~hat ~~~„e ia of ~he esse~ce of th~s co:~fract and ~hat no waiver of any ob~igat~on hereunder or of the obligaYan se- is
c::ed hareby shah at any time !her~after be he:d t~ ba a waiver of the terma hereof w of the instrumeM sctured herby. I
It. In ad~.re~ to the iorege n:onthfy pr~:n~nts of pnnc~a~ and i~rerest requ~red by ttx prom~ssery nore secured hereby, mwtgagor tovenants
~ agrees to pay tu r•.orrq=gee vr~'h e3ch ~non~h'~ p~y~,~en: an add,r.o~at sum est~a,ated by mortgagee to be eq~al to 1;'12 of the annual cost of the fotlow-
A-AI? rea~ property taxts ~ev.~d or assessed aya~~~s? tht ai:ove descri~,ed real estate.
~ B-Pr.:n:l.,•ns cn fi'i' dfl(J v:if:CJSTC!T inw~a~ ce as iier~;n req~:.ed to be carricd or~ the improvemezts situate on the above desuibed premises.
~ C-Pre-niurm on such mortgage guar.~nfy i~suracce as mortgagee shail from t me to t:me deem fit to tarry on tix loan secured hereby.
' Mwtgagee s'+:'~ `~om r~r..e to t:me ~~ot;f~ morty~go% ~n writing o~ th° ae:ou~t d~e anci payable hereunder and"such sum shall thereupon be due and
~ .~b'e on thr dve oate of the n^xt month'y P3)"~EE~)! and e~ch successive month thereafter until mortgagee shal{ notify mortgagw of a change in such
i .unt. Such s~TS sE•a.! L•e appl~ed by mor+gagee toward the payment of rea= property taxes, insurarxe prem:ums, a~ed ~mortg~ge guaranty inwrance
, e .:~vms.
~ - I Yi1TNE5S ViNEREOF, the sa~d hM1ORTGAGOR has hereunto set his hand and seal the day and year firat afwesaid
~ ,yned, $e ed li r iA the presence of:
~ Seaf)
' .l~~ A la . ram (s~a~
/~~2~-~ lsesq
- ~ - Mn S.Oram rse,4
_':-iE OP FLORIDA ~
$L . L.11Cle SS
:_.;:iNTY OF
Before me personally appeared Allan Ci. ~LaW s~
/~nn S. ~=T 1~ his wife, to me well known and known to rt?e fo be
_ indi:riduals desv>bed in and who executed the foregoing initrument, and acknowledged befwe me that they executed the same fo? the purposes !
re~n expressed_ And the said Ann S• ~Ia[~
•,..fe of the sa~d Allan Ci. nZa'~ID - _ vpon a separate srxl priv+H
~~m•nat~on by me taken separate and apart from her said husband, atA~ovvledged to and befor~ me that she exetuted sa~d instrument ireely a~d volum
~ and wrthout any compu{sion, constraint, appr henF~on, or fear of or f~om her said husband.
~ ~ June A. D. 19 74
WITNE55 m~ hand and offiual seal this_-~ ~ - day of_ _
~ . _
~ ' ~ .~(.C C~• . f
~
Notary PubUc in and for State o brida at Lsrpe
My Commisaion expires: ~
~ R~~~~~ to: ~ ~ 28~1.59 / ~ -f~
~ :;rst Federal Sa+ings S loan Assoc:at~on
~ Of fort P~srce. ' ,
fort P~rrce, Flor~da !
~ fr~~o aMC ~~coROEO " - _ :
:T•IUC~E COUNTY fU. ''~~:~G, .
< R06E%t r^OlTRAS : ,_i ~ c r
This Instrument Prepared By .lohn W. Coll ins CLfP.r C~+~~UI7 COUIIT ~'j
AFCARD VEP.s~1E~ - . ~ ~
_ F;rst Federal Savings 8~ Loan Associatjon ~ - • ~ % ~ ^ :
of Fort Pierce , F lor i da ~ 58 r'
~ _ ~J~~S „ =
. . ~ ~ _ j ~v G1 ' ~
rhecked BY~ J . . ~ ' "
~ •
f ~~4'~~•~~;;:,',_~
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~ oR 228 PacE134'7 ~ ~ ,
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