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To plac~ and conrkwwusly kr~p on ~M build~nps now w M~~+f~N ~itwq o~ sa~d land a~d on ali p~~nt ~nd pa~a+ally cowr~d by tAis mor~p~ ~
p~, with a11 prtmiums thHeon pa;d in fvll, t'u~ insuranc~ in tM wwt st~ndard policy iwm. in • sum ~pprowd by ~M MORTGAGEE. and windstam ,
ini~r«~p in tM vyual ~tandard politr iwn1, in • swn +pprov~d by tM MORT(~AGEE~ In ~uch canP+^Y a~^P+ni~s ~s. 1M lNORTGAGEE enay. + t
dirwj and aU fire +~+d wtndswa+? irowsna poiki~s on ~ny ol Ni/I b111Win03. My (fltMNf II1N~M Of pNl IFN~fOI, i~ 11» ~qrep~q wm ~fa~s+id o? f
in ~:pM t1~oi. ~h+l1 contain ~M vawl ~ta~xiud morrpapN clau~ a suth whK claua~ a tl+~ MorlppN m+y rpvi~~. r+u?inp tl?~ toss uader sa~d po1E , ~
ciN. wch ~nd rrs~Y. Wrabk a u~d MORTGAGEE as ib int~~t~t may +pp~ar. ud ~ach and tvN1? ~vc1~ P~KY atc~ll b~ Wc^+P~ly ~u:9ned and delivaed ro
anp Iwld by aazd MOQTGAGEE ~s fw~ha secwi~y ro~aid moNy+9. d~b~. s^d no~ I~ss than un l10) d+Ys 1n +dv+^a of th~ ~xpir~tia? of esch policy. ~o dr
liwr b s~id MORTGAGEE • r~v~r~l tMr~of, wp~~M~ witb a rsuu~pt fo~ the pnmivm of wch ~a?~wal~ ~nd tha~ sMll b~ no f3ro a wi~d~~am insuranc~ ~
p~apd p~ ~ery of ~aid bu;ld',np~„ ~ny int~rqt tlw~in w put ti?K~of. w+lea in th~ fwm +nd with tM loss paY+~ ~s afu~i+idi uid in tM ~vent ~ny ~wn
~~„o,~ p~ p~yaW~ u,~d~r wch pol;cy or pel;c;es aid MOftTGAGEE ~h+ll haw tM op~ion to r~ceiw and ~pply tiw ~ a+ ~ccou^~ oi th~ indebtsd~
~yp aecvr~d !w~ a b p~rmi~ Mid MORTGAGORS ro rwiv~ ~nd w~ It a any put th~reo( fa other purposes. wilhout tF+reb/ waiving or ~mpair• t
w
u,o ~ p~;~y. ii~n a rqiu ve~d~~ a by vtrtw af this mortyay~l and in 1M ~v~nt s~id MORTGAGORS shall for ~ny ~tasa? fail ro ke~p tM iaid p~~m~ses w ;
inawed. a 1aH b detiwr pra~!Y mY d s+id Policks °1 irowa~u f° s+'d MORTGAGEE. a fail promptN 1o P+Y fully any prN++ium therefor a in any ~
r«qcf fail a pafonq, d~+rg~. ~xecvt~. ~ff~ct. ca^PI~1~. oomP1Y wtth and ~bid~ by this oown+nt, a+~y pan 1?Kwf, uid MORTGAGEE may pl~cs ~nd
p~ fp wd~ inpranw a a?p put N~sa~of without waivinp a~ff~ctirg ury option. IiM. p~ib. a r'ghf undsr a by vi~tue of this Matp~y~.. and the
fi,y ~y ~~nd ~„wy wcfi payn,~m shall M;,tined'ut~ly dw and payabb ~nd shall bear inNrrat f~om th~ da1~ thaeoi w?til paid ~t ths r~a ot
m~ p~r pntum pu anNrn and ~ogether w~th wth inttrest shall bt secvr~d by tM 1i~a of this mo~t9apa
4. To perw~N, aonsnN a wffa no w~at~ imP+im~snt or d~tKiaation of said prop~rry or ~ny put tl~e?~of.
S, ro pay all ard ~,pular tM cats, ~Iwry~s and expemes, inciudirp • resson+bl~ attan~y's fN ud cosn of ~Mhacn of titl~. iexw~ed o+ p+id a1
~ny tine bq said NIORTGAGEE, b~caus~ a in ths ~w+u of tM fsikxs on tM part of tM safd MORTGAGOR ro duly, promptly +nd f~fly perfam, diicMr~
acsw~ ~ff~cL awnplsar. aornpl~r witb ~nd ~bide by ~ach u+d every ths stipufations. ~praements. oonditions. ~nd ooven+nb of said promi~~ory noi~ and this
nqnpq~ +~r a~tlw. ~nd sa~d aosts. ch+?9~s +^d ~xpens~s. ~acF~ and ~wry, sMll b~ imn+~diaNly dw u+d paYabl~: whether a not ther~ b~ ewtice da
a~~ at~anpt a oollect or writ p«dinpt +~d tM tvil ~now+t of e~ch and wery s~+ch paymem shall beu iMer~s~ from tM dat~ thereof until • p~7d at tM
rats ol nint per ceMwn pa +nn~xn: and all ~aid costs, thar9es snd sxpenses irrcvrred w paid, IopNhsr with tuch interest. shall b~ se~ured by tM lien of thii
b, T6st W in tlr ~wn~ d a~hr breach d this Mort9+y~ a det~ult on th~ part of ths MORTGAGOR, or (b) ie Nw eve~t ~~y of said wms of money (
herein nlernd b b~ ~01 pranpHY ~d fu1tY D+d wi~hin thirqr (30) days nex~ after the sam~ sswr~lly baoor~ dw u+d pryabl~. without dsmand w notiu.
or W in fh~ e.eea each and evvy tM stipulatia+s~, +9raeene~ts. co~ditions and covenanb of uid promissory not~ snd Ihis maf9aye ~ny a ~ither are no1
iuN. P~~Pth? +^d ~b P~a^~ d~~~ taKVttd. f~fMed. CO~f~P1ttld. ~wnP~ied with a~d abided b1?. tMn in either or any ~uch ew~t tM said ~
~re~h su~n nKnt;o~Kd in said pron,issory not~ tMn r~maininp unpaid. with interest xuved. ~nd all moneys secured hereby. sMll becom~ dw ~nd P+Y-
able fo[thwitl~. a tF.ueafie~, a1 tM opt~on of said MORTGAGEE, u fvlly and compbtely ~s if all of tM said wms of moi+ey were or~pinally st~pul~ted
ro bs p~d on wch daY. +^Y~hieg i^ s+:d P~a"'ss°ry ^ete w in this Mortgaqe to 1he contr~ry notw~thsssndinp; snd thereupon w there+fier at tha opt~an of
sa~d MOICTGAGEE. w~rFwu~ not~u or demand. wit ~t law or in equity, therefor~ or there~f~er beyvn. msY be Prosec~ted as if ~tl rttoney~ secured hereby
had awwnd pwr a its i~in?rion.
7. T1wt ;n the ~vent d~at st th~ 6cginning of or ~t any time pending sny wit upon thif Matgage. a to faeclase it. or to nform N, or to enfacs
p~ymem d any d+ima hereurdey, s~id MORTGAGEE shafl apply to the Court hsvin9 jv~:sdiction thereof iw tM appointma?t of ~ Receiva. wch Court shali
forrhwNl~ +ppoirN s receiver oE said mort~yed property aU ~nd singvl~~, inctud~ng atl and sinyuiu the income. profits. issues +nd revenues from whatever
aource d~rivedr each and every of wbich, it beug expreuly understood, a hereby mo?tgaged as if specifically stt fath and dewibed in tM pranti~g and
yaber~rn da~ses hereof. ~nd wd? Receive? sh~U hsve ~II the broad and effective funtliom ~nd powen in snywise emrusted by a Cou~t to a Receiver, and
s~,c1, ~ppoia.nem sha11 be rnad~ by wch Cowt as sn admitted eq~ity aod a mana of ~bsolute r'ght ro said MORTGACaEE, u+d without ttf~rente to tM
adeqwcy a inadequ~cy of tM wiue of the poperty mat9a9ed or to ehe sotvency w~nsolwncy oi wid MORTGAGOR or the defend~nts, and ~hst such
cenes, pro{;~s, inoome, awes and revenws sMll bs ~pplied by svch Receiver accordinp fo the lien w puity oi said MORTGAGEE and the pract~ce of such
~ourt
8. To duly, ao~h ~.+a fi?ty ~tom+, dac+N.y., execute. effecl. complero. complY with and abide by each ~nd wery the stiputations. ~grremenb, -
conditions and cotienann ~n sad pomissay note and this mortyage iet fw~h.
9. Th~~ in ~y,~ tv~nt tMe ownersh;p of the nwrtg+ped preeuses. a any part thereof, becanes vested in ~ penon othe~ thu~ the MORTGAGOR, the
µpqTGAGEE, ifs successors snd sssispa, mar, witho~~ notice to the MORTGAOR, deal with such suctessor or successor in interest with refer~nce to this
m~r~y~e ~nd the deb~ h~reby secured in tht tamt rtunner as with Mo~tg~gw without in any wsy vitiaYug a discMrgirg ths Mortgagon' Iiability I~era -
~nder a ~pon the dcbt her~by sccured No sale of the Fremises hereby mortyaged ~nd no fwbear~nor on ths part of the MORTGAGEE a its successus
or ~ss;gm and no e~crens+on of the time fw the payment of the dcbt hereby secured give~ by the MORTGAGEE w ib successon o? +ssq~s. ~F?+~~ oPerat~ ,
to rue~se, dac}iarpt, modiir change a sffect fF1! OI19Y1aI IIiINIify of the AAARTGAGaR here7n, either in whole a in put.
lp_ H is specific~lly ag.eed that time is of the essence of this tontract ~nd tMi no waiver of sny obli9atan hereuoder w of th~ oblip+tion sc .
cvred hsreby shall at any time thereaher be held to be a wairer of the terms hereof w of the instrument secwed herby.
i 1. In add,tion w tF+e fSrego:ng monthlY paYments 6f princ:psl and interest . required by tF?e promissory note secured Ixreby, mortgsgor cove~+nts
and agrees to pay to matgsgee w~th e~ch month(y payment an addirional sum est~mared by mort~agee to be eqval to 1/12 of the annual cost of the fdlow-
in9a
A-All real property taxes kvied or assessed ~gainst the above desuibed real estate. - .
6-premiums on fire and windstorm unur:nce as here?n requ~red to be carried on the improvemcats sitwte on the above desa~bed Pre*+rises-
~-p~emiums p~ yucl~ mortgage gwranry irowar~ce as mo~tgagee shslt from time ro time deem fit to urry on the loan secured he?eby
Mertgagee shall from time to time nWify mo?tg~gw in writing of the smount due snd payable hereunder and such wm shall there~wn be d~e +nd
j Fay~b{e on the due da~e of the ne~ct monthlY paYmeM and each svccessive month thereafter until moNgsgee shall notify mortgagor of a char+ge in such
~ dsnount. &ich sums yhall be appl;ed by mortgagee toward the p+Y~^t of real property taxes, inw~ance prem.ums, and rtwrt9sge .guaranfy insurance
'
l IN WITNE55 WHfREO~, t6e s+id MORT6AGOR has hereunto xt his hand a~+d seal the day and yesr fint aforesaid.
~ Sr~~ed, Sakd ed in the presence of:
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~'Ql~ffp< . .tif. ~ ~ ~ . .
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~cs°`:; s t Elzie W. Godwin, Jr. .~a
: •r : - ~fq~r~ me
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~n and wfw ~ucuted the foregoirg instrumsnt, ard acknowkdped befon me that they executed ths samt iw the P~~P~
~„a Gwynell Godwin .
. Blzie W. Godwin, Jr . „p~, ,,.p,,,m and priv,h
cxaeriwtioeb~ a~e taken ~ep~rste and ap+rt from her ssid husband, ackrwwl~dped to ~nd befon m~ that shs exawted sa~d imtrumant freely and vol~rr
rs.~fr and vr,Niou~ any compuision• constraint, +PPrehension, feu of or from he~ said husb~ntl.
w~s m„ ~a .,,d ~i dv, 3 o z'~~ d,y ~ October /1, D. 19 74 .
Notary Public in sr~d fp the Stat~ of florida at
sd
~ MY Commisswe ~~IEtK STA1E Of RlOR~II T LAtO!
Return Ta. MY =:C'•,ht~SS10N EXNRES MAY ?a. 1917
F'vst Federal Savi~tgs L loan Association . --•tt~f~tl1L INSURANr•.EUtiOdCWRfTE~
Of Fort V~erce. _
fon Pierce. Flaida
,~~~t~
. ~r~.~'~~mi~~
This Instrument Prepared By Richard K. Kdyes ~?iE~~~ f~D
Frst federal Savings E~ loan ~?ssoc~ation ~tE~s 3S ~~~`1
. of Fort Pierce ~ Florida ' ~
p~ 3
u,~ea B,, ~94~
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