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To plx~ and coM~nuou~ty ksep a+ the bui!dings now w hete~fter fitust~ on ~aid land and w+ al! equipment a~+d perwnaily cov~red by ~his mat~
ege, with all p~tmi~mt thereon p~~d in lul~, iire insurancc m ~he usual s~u+dard poi~cy fo+m, in ~ sum app~oved by the MOitjGAGEE, •~d w~~ds~orm
~~sv~snc~ i~ tM w~al s~~~dard po~rcy Fo~m. ~ sum approved 4Y MORTGAGEE. In t~ch ta*~Ps~Y o~ co^'W^~y N~~ ~RiGAGEE m+y
d~~cct; ~nd ~II fir~ and w~ndslorm iruurance policies on any ol said build~~+qs. any inter~sf the~ti~ a p~rt thareof, in tM ~py«yal~ s~m afatia~d or
in eaces~ Ihereof, iMil conrain th~ usual ilandard mort9aqee c~ause w such o~he~ clauss si tM Mor~p+9M ~~+Y roqu<<~, ma; nq„M ~ a^d
~'~'d~
f o • ;
c~es, each and evelY. P+Yable ro taid MORTGAGEE a~ its i~terest may sppear, and each a~d e~e~Y such po~lcy shall be promp y 9 _ `
eny held by said MORTGAGEE +s tw~her taurity to asid mw~prge debt, and, not lcu than ten (10) d~ys in advanc~ of Ihe expi~ation of each pe~'cY• d~' !
Gver to said MORiGAGEE a renewal thereo(, ~o9e~hs~ wi~h a ~ece~pt fw the premium of such ~enewal; ~nd tha~ shall bt no 11~s w w~~dstorrn inw*~~+c~ 'r
placed on ~ny of sa;d buildinyi. +nY i~terest ~herein or p~r~ tha~eof, un!e~s i~ the iorm and wiih tM :ou p+Y+~~e as siwesaid; and in the evc~t any sum
of monty becaoes p+Yabk urwle? such policy w pol~cies said MORTGAGEE shatf h~ve ~he optwn lo reteivs and +pply t!a iamt on ~cca+m of tM indebted-
ness secured h~reby a ro permit said MORTGAGORS to ree~ira and use it or any par~ tAe~eof fw ofhe? pu~poses, w~~hout the.~o~ wa~vmg o~ ~mpair
:~g any equ~ty, lie~ or ri9h~ under or by vi~rus of this mor:yaget i^ eV~^t sa:d M~RTGAGORS shall fa sny reason fail to keep the sa~d premises w
~~wred, or fail to deliver pranp~~y ~ny ot wid Fe~icies o~ iosurance ro sa~d MORTGAGEE, w fail promptly to pay fully any pram~um theretor w in a~y `
reepect (aii ro ps~torm, d~scha~9e. ezetufs, etfett, comp~ete, complY wh~ +~d +b~de by tt~is rnvenant, w any part hereof, said MORTGAGEE m~y p~ace •~d ,
pay fw suth insu.ance w eny pan thereof without waiving w affect~ng~ny,o,~~^and :halluibtear~nte est irom~the dataYtnc~reoffun?il p~~at9the+rnadtetol
r~ei amoum ot eacn ami vv.~Y s~~:• r.~.•••...:
-:~:~e per centum per annum and ?ogetkrr with such interest shai{ be sec~red bv ~he lien oi thii mortyage.
To permil, commit a ~uffer no waste, impairment o~ dcrerioretion of aaid property a any parf tF?ereof.
S. To pay ~I~ ar+d singu~sr the costs, chargcs snd expen:ca. ~~clud~n9 a reasonabte attwney's fee and co~ts of ~bstracts of title, ie~curred w W~d ~t
~,y +ime by said MORtGAGfE, becauae w in the e~ent of the tailure an ~he pat~ of ~he said A~ORTGAGOR to duty, prompNy and fully pe~form, d~xharge.
_.ecute, effecL complets, w~r+p~y W~h and ab'~de by each and every the s~ipulat~ons, agreemrnn, conditiwu. and ce~enants o~ said p~omissory nota and this
„o~rgage any w either. and sald sosts. cMrge~ and expenses. each and erery, shall be immcdiately due snd paYable: whethe~ a not there be notice da
~,and, sttempt to collect w suit pe~d~~_~!~d fhe tuil amovnt oi each and every such paymem shall Eear interest (rom the date thereof u~til p~id N the
of nlne per cenwm par annum; and all sa~o cosrs, charges and expa~~:es incurred or paid, togNher wAh suth interetl, shall be secured by ths I~en oi this
mc: tgage.
6. Thaf (a? in the event of any breach of ~hif Mortgage w defauh on ~he part oi the NIORTGAGOR, w(b) in ?he ev +b~ ^Wi°~s°'~5~~ «~1,^"°e
here~n referred to be not promptly and fu~~y p+~d w+thin thirty (30) days ~exf a.rer ~he same srvaally beca+x due snd pay
r;c} in the event each and e~erY ~he st~R~tatiw~s, ayreements, conditio~~s and cove~ants of sa.d pronrissory ~o~e a^d ~h'~ ma~9°9~ +^Y a either are no1
i„'y, promptly and fuily perfarmed, d:scharged, eaecuted, eifeaed, compfeted, compiied w~th and abided Sy, 1hM M e~1he~ w a~y such eveM the taid ag
g•cyate sum mentioned in said p~om~ssory no~e then remaining u~*paid, with interest accrved, and all moneYS secured hereby, shall betome du~ and p~y~
e:, e forthwith, w tlxreafte~, at the option oi sa~d MORTGAGEE, at fuliy and conipietely as if atl of the sa~d s~ms of r?w ~Y ~~~eaf~er~at~the opdon of
~ br paid on such day, anything in sa:d p~on+~asory note or in this Morrgage to the <ontrary notwithstaoding; and tlxreupon
s,.:.+ A10RiGAGEE, without not:ce or demand, suit at faw ar in equity, therefore or 11~ereafrer begun, may be prosecuted as if sll mw~eys sscurad he+eby
. ~d rnatured pnw to ds inslitution. _
ra.u~-sa N~~ r~t.Y.n 1~. Qr f~ enf~r4s
7. That ~n tfie event thaf at fhe begino~ng of or at any time pznding any suit vpon inis ir`wigeye, of s Receiver. Wch Cwut sha~~
^~e?t ot any ciaims he~eunder, said MORTGaGEE sha#l app~y ~o the Court hav~ng ~w ~sd:ction the~eol for ~he ~PP~~
;.~rh ap;~+nt a receiver of said mortgagrd prope+ty a!I and s~ngular, ir.cl~rcJ~ng a~l and s~n9ular the income, p!ofils, issues and revenues from whatever
_ denved, ra:h and every of wh:cfi, n be~ng exF~essfy undecstood, is hereby mcrtyaged as ~f spetilically xt fath and destribed ~0 1he 9~anting s~+d
:1 e~.yum ciavses hereof, and such Receiver shall hafe all the broad and effecnve functw~~s and powera in anywise eMrusted by a Cou~t to a Receiver, and
s. -_i~ appoiMmero sh~N be made by wch taurl as a~ admined equ~ty and a r•^atter of a6soiote rigfit to ssld MORTGAGEE, snd w~thout reference fo the
_r'.qc;q oc inadeq~acy of !he vaiue o1 the p~eper~y mortgeged or to rhr so~vency o* ~neo~venty o( said MORiGAGOR a the defendants, and that such
~s prof~ts, income, issues and revenves shaii be applied by such Recerver atcordmg to the lien or equity ofi said MORiGAGEf and the prxtice of fuch
~O:Jf}.
8. To duly, promptty and tully perform, dfscharge, execuie, efEect, comp~etc, cort~ply with and ab4de by each and every the stipu(aiwns, agreemen:s, .
~~~-.drt;ons and covenants ~n aa~d p~arnissory note and th~s mortgage set for~h.
9. That in the event t!?e ownership of the ~*wrtgaged pre+:~ises, o* any part rhereof, becomes vested in a perwn other tl+an the MORTGAGOR, the
•.~RTGqGEE, its successws and assig~s, may, w+thout notice to the MORTGAOR, deal wah :vch successa o? .auccesso~ in interest with reference to this
_.•rgage and tF.e debt hereby secured in the same manr.er as with hlortyagor v~~thout irt any way vitiating w d~xharging the Mortgagors' (esbitity here-
c~rr or upon the deb~ hereby sx~red. No sale of the Fremises hereby mortgaged and no forbearance on 1he part oi the 1AORTGAGEE or its successors
e• assigns and no extension of the time for the payment of the debt hereby sec~~ed g~ven by the MORTGAGEE or its successors or au:gns, ~h+~~ operate
•o re e~se, discha:ye, .~.~:i4y change_w aifect t6e orig~nal liaod~ty of tne ~fORTGAGOR herein, either in whole w ie part.
10. It is spec+fically agreed that time i~ of the esse~ce of this conrract and that no waiver of any obtigation hereuixler or of 1he obligation sr
c.-•ed hareby shalf at any time theceafter be he!d to be a waiver o4 the !erms hereof or of the insUumeM secured herby.
11. In add.tio~ to rhe foregd~~g month!y payments of princ pal ~nd inTerest requ~red by the p~on+~ssory note secured hereby, mortgagor tovenants
o agrees to pay to mortqagee •xith each monthly pay~nent an add::iunat sum est~n:ated by matgagee ro be equal to 1/ 12 of the annual cost of the folbw-
A-A11 reat propcrty tax~s levied or assessed agai•~st the above describcd real estate.
B- Premi~ms Sn fire and w~ndstorm insurantr as he~an raqu:red to be carr:ed on the improveme~ts s~tuate on tht abo~e deuribed premises.
~ C-Premivms on such martgage guaranty iesura~~ce as mo~rgagee sha~l froT t:me to time deem fit to wrry on the loan secored Fxreby.
I .
~ Vbrtgagee shatl from tirne to time notify mortgagor ~n writ~ng of the amoi;nt due and payable hereunder and svch sum shatl thereupon be dve a
j =h!e o~ tha due date of tno next monthit payment and each svccessive month thereafter ~ntil mortgagee shall noli4y rtgagor of a charge in such
•~unt. Such sums sha!I be appiied by mortgagee tov.a:d ~he payrnent of real p~operty taxes, i'rxura~ pre :ums motigage guaranty insurante
~ . _~:,:~mS.
IN \YITNESS NHERiOF, the said MORTGAGOR has hereunro set his fiand and seal the day a y F r ~ t a
S; , Seat and tive+ed in the presence o1:
~ L~ , -
n
~ sNn
~ •
; tATE Of FIORIDA ~ .
SS.
~ ~U'JTY OF St . I.L1C1@ ~
t n
John E 1+~ynne ~ ..'~~~„s,u~,r~,' a ,,,d ~
Before me personally appeared an@ mne v.~. p ,=•.r.'" ~
his w+fe, to me w~
k-r,)uJvn'D11d (d~~
~Y /
_ individuafs descr~bed in and who executed the fwegoing instrument, and acknowledged before me fhal ihey ezenllled'}~'si~Y~.'foj 4
Diane M. Mlynne ~ f_ d'%`'`.
^,•e:n expressed. And the said ; ° ; •
..:<< o~ sa~a Jahn E. Wynne - - fu6o.,~ t
.--n;nat~on by me taken separate and apart from her said husband, stknowledged 1o and before me tFwt she exetvtedYsa+~~i~~~~~~el~1C~!~'
ar,d withoul any computsion, constraint, appreheniwn, fear of or from her said husband. :'r ,Cb.
WITNESS my hand and official seal this 3~~ day of ~
~~.:;~.i i~~~~~~~y,~~~'r:.
\
~ N ary Public in and fw the Stattr.p~ flotide ~~llTrye ~
Commiuion ezpires: C~~~~~~'~ /
Retum io:
=:rst Federal Savir.gs a loan Association
~ Of fo~t P:erce.
~ fo~t Pierce, Fbrida
~ ~i~io AKt• p~ca~a~e
~ s~.LUC:#:_LOUt1iY fl~?-
A~~ r..'•SAAS
~ This Instrument Prepared By Gary F. fillwood ~~f:,~ ti~ .t ~1T GOUAT
F+rst Federal Savings ~ Loan Association ~+cp,~Rfi
~ of Fort Pierce , F lor ida
~ ~p 3 4z P!~'T~1
Checked By
o Q 288~~01
~ BD~K~~ V~ r r{ SA
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