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To plac~ and continuou~~Y kecp on tF~e bv~'d~~gi now u hereaftK ~ituat~ on ~aid lend and on alt equipmero ~nd perso~~11Y cove~ed by this matp-
ega, wilh ~II premiums thereoe pa~d in 1~II, hre insur~nce M the ueuat s~andard po~~ty form, in • sum approved by tht MORiGAGEE, u~d w~nditorm
tnsvranc~ in ~he vswl iundard pot~cy Fam. in ~ sum approved by tM N?ORiGAGEE, in ~uch company a cwnpu+ie~ as ~M b{ORiGAGEE ~+~Y
d~reu; and aQ f{r~ and windstorm insurance pofiuei oe ~ny of said build~ngs. any in~e~~~~ ~herein or put Iherwf, in tM spqre9afe sum aiore~aid o~ w.
in excess ~hereo(, sha~! contain ~h~ usual standud ma~gspee daus~ a such othe~ deuie +i ~ht Mw~y+9ee T~y requir~, makiny ~he lo~s under s~~d po~~
c;es, e+ch and ~very, payeble to u~d h50RTGAGEE ai as i~te~rs~ may appaa~, aisd each and eve.y such po!icy +hsil be prort+p~~Y +s3.g~ed and de~ivered ~o
eny he!d by sa~d MORTGAGEE as (ur~he~ security to sald ~~9+9~ ~bt, and, ~ot les~ than /en (10) days in advante o~ the eap~ration of esch pol~cy, to ds-
I,ver to sa~d MORTGAGEE a renewal Ihereof~ fO9E1F1N with a receipl fo? ther premium oi tuch renewal; and Ihere shall bt no (~re or winduo~m iniurant~ p
plecad on any of said buildings, +~y interca? therein a pa~t thereof, ur.leu tht fo~m end wi~h the loss payable as atuesaid; and in the eve~~ a~y sum t
of money becanes Payable ~nder ~uch policy w pelicies ssid MORiGAGEE ahall have ~h~ optror? to recaive and apply the same on account of the indabted- i i
ness setv~ed hercby d to permit faid MORTGAGORS lo receive at~d use i1 or any part Ihereol for otner pwposes, ~v~~hout tha•co/ waiv~:~~ o~ ~rnpaa- ,
~r,g any equ~ty, lien o~ right under a by virtue ~f this mo:tgage; ~~+d ~n the evcn~ sald MORTGAGORS ihall fa any ~eaton fail to kesp the tsid premises so
~nsured, a fail 1o de~iver promptiy ~ny of said pol~t~ea of insurante to sa~d MORTGAGEE, w fail prpmptly to pay fv~=y ~~y p~emium Ilurefor p in a~y
respect fail to pe<<orm, d~scharge, exec~te, ef(ect, compSnle, comply with and abide by lhis tove~ant, or any parl hareof, seid MORTGAGEE may p~ace and
pay (w such insurance or sny part thereo( wnhou~ wsiving or afiecting any option, tieo, equ:ty, or ?ight undm o~ by virtue of lhis Mo~tgage, ~nd tht
f, II amouM oI eath artd every such paymenl shalt be immediately d~e ~nd payab~e ar~cl shaii t~ar interest (rom the date thereof untii paid at the rate ol
ie {xt cenwm per anrwm and to~ether w~th such inter~st sha~i tx xcured by the l~en of !h~s mortga9e. ~
To permit, comm~t w suHer no waste, imWi~~nen1 or deterio.ation of •aid property or any parf thereof. ~
S. To paY all and singvlar tF~e costs, charges and expe~ses, ~~clud~ng a reasonable attwney's fee and cost~ of absr~ads of tit{e, incwred or pa~d ~1
e•~y tiR,e by sa~d MORTGAGEE, because w in +he event of tne fa:iure on the part of the said MORTGAGOR to duly, promptly and fully perform, dixha~9s.
sxecute, ef(ect, cornp~e~e, comply wah aod eb:de by each and every the st~pulat~ona, ag~ee+nents, condi~ions, and cevenants of said promissory note and thii
,,orrqage any or either, and sa~d coats, charges and expenses, esch snd avery, sfiatl be immediately due and payabtQ; whether p no1 tlxre be notice da
n.a~~d, attrmpt to coilec? or suit pend~ng; and the iull amount of each and evcry such paymc~nt ahal! bear interast from the date thereof until paid al the
~ r. o~ nine pe. cent~m y:.:r an~wm; and a!~ sa:d costs, cha~ges and eA;:-rnses mcurred or paid, together w~th such interesl, shall be secured by tM lien of thi~
mortgage.
6. Tha1 (al i~ the event of any b+each of thia Mortgage w default on 1Fw part of the MORTGAGOR, w;b) in 1he ev b~ ^W~°~u,'~~~d a no i? ce.
here~n ~eFerred to be ~ot prompdY and fully paid wirhin th~rty (30) days oexl ai~^r ~he same severa.Sy becane dve and pay
er (c) in the evenr each snd every ~he stipuiatipns, sgreements, cond~tio~s and covenanis of sa;d promissory nme and Ih~s mwtgege a~y a either are rwt
i~'y, prompNy and fc!iy pertorme3, d scherg^d, eaeculr~3, r(tr.sed. :o:np:er~3, W:+~ 'h~rlwd Sy; then in eit?xt or any suth evaM the said ag
;rcgata s~m menhoned in said promissory note ~hen remaming vnpaid, with interest accrued, and all moneys secured hereby, shatl become due and pay-
eo;e forthwith, or thereafter, at the opr~on of said MORIGAGEE, as tufiy a~xl cor,pietely as if atl of the uid sums of monty were w~g~n+~~Y supufated
be pa~d on such day. anyth~ng m sa~d p~Om~sswy n:,ir o~ ~r, i~iS .'.`~::y.:y~ t~~ a theresiter at the oPt~on of
c,:d MORiCaAGEE, w~t6ovt na~ce or den,a~~d, s~~~ at law or in equ~ty, ~he~efure o~ tt~erraiter begun, may be {xosKUted as if all moneyf secured hereby
n: ~ matured pnor to ~t3 inititut~on_
7. That in the eve~t that at the beginn~ng of w at any t~me pending any ~;.:t upon th~s Mortgage, w to foretlose it, w to refam it, or to enfwce
pa;~-ient oi eny c~a<<ns herevnder, said h~uRTGAG:~ shail appiy to the Coort hav~,:g iu~~sd:c~ion fhereof for the appointment of ~ Reteiver, such Court shall
f~rrh.,irh ap;,o~nt a recei~er of said +T:ortgay_d prcpr•r~ ail and sinyular, indu3~~g ai1 er•d a~ng~~ar ti~e incom.e, profifs, issues and reve~ues frpm wfiatever
s, .;rcr derived. each a.~d every of wh~ch, ~t Gei:~g ex;:ress'y unde+stood, is hereby mc: tgaged as if speuf~cally x1 fwth and destribed i~ 1Fx gr~nting a~d
!.~l,endum rauses hereof, and such Receioer shatl have a!i the broad and etfect~ve f~lr:cr.ens znd po+vers in anyw~se emruated by a Court to a Receivtr, and
~_,h appoi~finen? ahalt be made by svch Court as a. ad~~ittc~ eqvity and a rrat~~i of absoture rtght to said MORTGAGEE, and withoW re~ereoce to the
a:iequacy or inadequacy of the vatue of the p~operty mortgaged or to the so•va~~cy or :n;olvency of satd MOR7GAGOR a ~he defendants, and tbat such
~_-~rs, profits, income, issues and reven~es shall be apa~ied by such Receive~ accurd..~y to the lien or equity of iaid MORTGAGEE and the practice of such
C~urt.
8. To du!y, promptfy and fully perform, discha~ge, execute, effect, complete, comply w~th and abide by each and every 1he stipulatiorn, ~greerne~ts,
~:~d~r~ons arid co~enanrs ~n sa~d promisso:y note and th~s mwtgaqe set forth.
9. ihat in the event the ownership of ehe mo•tgaged premises, or ar.y part thereof, becomes ~ested in e person other than the MORTGAGOR. 1he
; ~~RTGAGEE, irs wccessors and assigr.s. may, v+~;~hou~ ro~ice to ~he MORTG~+~R, deal w~~h such succeswr or svccessw in iMerest witF~ reference to this
• ~~rgage artd the debt hereby securtd in ihe same manner as with lAortgago~ vv~thout in any way vitiatir?g w d~xharging the Mortgagori li~bility he~t
~-d_r or upon tne debt hereby secured. No sale oi ~f~e premises he:eby mortgaged ar.d no forbearance oo the part of the MORiGAGEE a i1s fuccesson
c r ass+g~s and no extem~on of the time tar the paymem of thc debt he~ety secured given by the MORTGAGEE or its iucclssws w assigns, shall operate
w~~o 4_...:.. ~:N.~. i.. wl.olw tv in orrt.
o re!eate, d~acharge, mooiiy change or aiiecr ti~e o~~y~~:ai ::ai:,:t~ ti:e ~.ri'=v~,.:..~. •
10. It is speuficatty agreed tha! t~me is of the essence of this co~trect and that no waiver of any ob~igateon hereunder or of the oblgaYan fr
c~•ed h¢reby sheli a! any time the~eafser tx hetd to be a wa~ver of the ~erms hereof or of the instrumeM secured herby.
11. In add t:c~ r~ ti._ forego.~z~ ~nontii!y uaym^nss uf ;::i-c pa1 and iarerest :equ~red by the promissory no!e secvred hereby, mortgagor eovMaMs
~~d ag+ees to pay to r.o't~~aqee v.~th each mc~sh:~ pafr :ent an s~:i~!ional sum est~~rated by mortgagee to be eqval to l~ 12 of the annual :ost of the follow-
A-All reat property raxes lev~ed or 3sse:scd d93i:~St ihc above desc~ibed reat estate.
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B--Pr~n.~;:'ns on i~re ar,d wirdzro•m ,nsvrar~e as nercin rcq~~.ed to be carrted c~ the ~mprovemenls s~tuate on the above describe premises.
~ C--Premiurr.s on wch mortgage g~aranty ir.svra~.;e as mo~tgage~ snall frwr ~ me !o ~i~ne deem fit to carry on the loan sewred hereby_
Mortgagee sha? from time ~o time no?~fy m.crsgagor in •nrting oi the arrount du•_ and payable hereundrr arxl such sum shalt thereupon be due and .
~ .~.ab!e-on the d~e da!e of ~he next month:y payment and eacfi successive momh the:eafter ur,ti! mortgagee shall notify mortgagor of a change in such
„unr. $uch sums sLa~I be appfied by mortgag?e tor.ard the payment of rea~ propertY taxes, i~surance prem.ums, and mortgage guaranty insurance
S -'t,~VT•3.
~ IN ~/tTNE55 tVHEREOF, the ~a;d MORTGAGOR has hereunto set his hand arsd seal the day and year first aforesaid.
~ $igned, Sealed and detivered in the presence o4: ? rn ~ ~/f
~ - - 1 S ~@~ ~ ~ f5ea~
s x~~
~ -
~ a~
~ our eri
";aTE OF FLORIDA ~
u.
-,U,dTY Of _~_t . I.UC 1Q ~
8efore me personaEly appeared nS~IDa M SheYlf -
- PIOilI $f1QYlt his wife, to me well known and known to me to be
~ r• ind;vidua~s descri6~d in and who execvsed the foregoing instrument, and atknowledged befwe me lhat tixy executed the aame fw the purposes ?
~~c•e:n expressed. And ihe said- 1YDUZ Sherif
of t?~e sa~d - OS~a M. Sh¢rif vpon a ~eq,rat~.~s~d
..,-n:nat~on by me taken separate and apart fram her said husband, acknowledged to and before me that she executed said instr qCl}'~ , ,
~ ~ and wnhout any co*npuliron, constraiN, apprehens~orj~or fear of or from her said husband. ~~~-.u~ ~Iy~~i, ~
,t ~ f. 1~';
L'J11NE55 my hand and off~c~al seal this__-~- day of Au u5t
~ ~ _ .
'i - .
' tary Public in snd for the?51aQp:of.ffari~a at larye ~7~ ~
y CommissiOn expiret: / ~ / ~ Q~,(~ ~
~ - - , ~r
~ Return To: ~ ~ -
Firsf Federal Sav+ngs d~ loan Associat~on , I,
Of fort P,erce. ~ 4- ~ ~ '
•~+`j~~ \~Y
~s? Fort Pierce, fforida ~ ' ~ ' -
~ ~ kECORDED
fIIEU ~•E ; ~ ;MT~ F~A•
st.l~~ . ":;~;SaAS i
~ RGG:. : ~eti~ C4URt ~
This Instrument Prepared ByGgrY F• Ellwood ~t:k~
`E First Federal Savin s& loan Association v~ -
~ 9 Florida p=f • { v '1
of Fort Pierce~ 1 a 36 Q~ y
Checked By ~ ~u~ ~J
~
n
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