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3. To plact and conlinuously kcep on the bui:d~ng~ now or hereaf~er ait~~ro on said ~and end on all eqv~pmeM and perlonally cove~eJ by this mortg- ~
ege, with all premiums the~eon pa~d in lull, fire insu~ance ~n ~ne vsval sunciard policy (orm, ~n a wm aHproved by the MURiGAGEE, and wmdstorm ~
~n~urancs in ~he usual s?andard poGCy fo~m, in a wm approved by ihe MORTGAGEE, in tuch company or compan~cs af tM MORTGAGEE may .
direch and all firo and w~ndstorm insurartce po6ciea on any of said build~ngs, ~ny interest therein o~ part the~eoF, in Ihe ag9regate sum aioresaid w
in excess Ihe~eof, shall contain the usual standard mortgagce clausa or wch orher devse as the Mortgagee may ~equ~rs, makiny the Ioss Un~IH se~d poli- i
Ges, each and every. payab:e to said AtORiGAGEE as its irncrest inay ap~ear, a~xi each and every such poi~cy shall be promptly ass gned and det~vered to
any hcld by uid MORlGAGEE as (unhcr s;writy ~o se~d n;ortyaye debt, ar,d, not less than ten (10) days in advance of the exp~~st~on of each policy, to dr ,
I:~e. to said MORTGAGEE a renewa~ thereof, toge~her wi~h a rece~pt !w thr premlum oi such rene+val; and there shall be no f~re or w~»ditorm insurance
plac~d on any of said buildings, any interrst the~ein or par~ therrof, un;es~ in the fo+m a}~d w~th ~he loss payable as a{oresa~d; and in Ihe eveM any sum
of monty becanes pay~ble vnde~ suth po~ity o~ poticies u~d MORiGAGEE shail have the opno~ lo receive artd apply the same on account of the indebted-
nzns secured hereby o~ to permit aa~d MORTGAGORS ro recr~ve and use it w a~y par~ ti~~=:eof tor eihcr purposes. wnhout the•cu; .va~vi~~~ er ~n,~sair ~
ing any equity, lien or right under w by vir~ue of this moc'gage; and in the event ta:d MORTGAGOR$ shall for any reawn iail to keep the said premisr~ so
i~eurrd, or fail to deliver pramptly any of said pol!ciea oi insurance to ~a~d MORiGAGEE, o~ fai! promptly to pay fulty any promium therefor w in a~y , rv
res~ect fail to perform, discharge, execute, effect, canpiera, comply with and ab+do by this cova~ant, or any part hareof, said MORiGAG'_E may place and
psy fw wch insurance or any pa~t thereof w~~hout waiviny w aff~c!ing any option,' tien, equiiy, or right unde~ w by virtue of this Mortgage, and ihe ,
fult amo~nt o1 each and every such payment shalt be ~mmediately due and Fayab~e and shall bear interest from the date thereof umil pa~d at the rate ol
r.:ne per cemum per annvm and to~rtl~e~ ~.rith sucn in~errat sha~: b- secur~~a by the I~en oi this mort9age.
To permit, commit a suffer no waste, impainn¢nt o~ de~rriorat~on of sa~d property or any pa~1 thereof. +
5. To pay all and singular t1,e coat~, charge~ and expenses, includ~ng a reaswwble artorney's feo and cosrs oF sbstracts of title, incurred or paid at
3ny time 6y sa~d MORIGAGEE, boca~se or in ~F~e evenl of the fa;ture on the pa~t ef the said MORiGAGOR to duly, prompNy and fuily perform, d~scharge.
e.~ecute, effect, con,plete, to:nply w~~h and ab:de by each and avCry fhe stipu!af~ons, agreementa, cor.diho~s, and covenants oi said p~omissory note and thi~
~:ortgage any or e~~her, a~~d sa:d costs, charges end expenses, each end every, shall be im,ned~ately due and payable; whether p oot there be notite de
r.~and, attempt to co~iett or suit pend~ng; a~xl the f~ll amount oi each and evrry suc6 paymem aha!! bear interes? irom the date thereot until paid at the
oi nine per C2~~t~m p~~r annu:n; .;nd a!: said CUS?S, Chd~9fS d~1C~ . xpa~,ses ~rx~rred or pa+d, togethe~ wah such interes~, shall be secured by the lien of this
•nplf9d9Q. ,
6. That (a) in the event of any breach oi this Moregage or defau:~ on the part of the MORTGAGUR, w(b) in the even! any of sa~d sums of mo~ey
herein referred to be not promptly and iuliy paid .vithin thirry {301 days nexf a~~er ihe seme severally become due and payable, without demand M notice,
r~~ eF.o or~l, w.+.~ +h~ stinufations. aureements. cor,d~tions and cove~anrs of sa~d promissory note and ihis mortgage any o! either are nol
i_.ly, f.ranprly and f~liy ;~erform~d, d s:iearged. executed, effected, comp.eted, corr,pi:ed w:~h and ab~ded Sy, then in either w any such event 1he aaid ag
y~•: ~a!e aum ment~oned in sa~d p:omissor~ ne!e then re~oaining unpa~d, w~th inte~est acuued, and all moneys secured hereby, shall beCOme du~ and pay-
+o c forihwith, or thereafter, at th.: op•~o:~ of said i~tORTGAGEE, as fuily and comp!erE:y as if all of ~he said sums ef money were originally stlpulated
6e pa;d on such dr~, anything in sa d Ero• sso~e or in this ~Aungaye to the conrrary norwlthstanding; and ~hereupon or thereaiter a~ the option of
c~/10RTGAGEE, witho~t not~:e or dert,ar.d, s~~e at taw or in equity, therefore or the~eaher begvn, may be prosecuted as if all moneys secured hereby
. , i matured pnw ~o ~ta ~n:t~tut:on.
7. That in the ever.t :ha1 at the bry:n~.ng of or at any ~~~~e p_nd~ng any su~t upcn thls Mortgage, or to iwetlose it, or to reform i1, or to enfwce
.enf cf any cia:nu Fereu~:der, sa;d '.;JRTc:,ri,!'_ sna:i ae:p!y !o !i+e C^u~t har•ng ~s~i:ct~on ~hc~reof for ~he appflintment of a Receiver, tuth Court shall
.•.irh anpo~nt a rece~~.er ef~s~~d ~-:o~tga~~-d p.o:~.•~ty el; a~:d s~~:gv!ar, i~•.ci„c~.ny a~. ~nd s~~~gular the ircome, prof~ts, issues and revenues from whatever
. a;,n~ed, elch and every of wii,c~,. ~t b~ ~~.g :.,F ress v unde~siooo. ~s tx~eby n:orrgaged as ~f spec~fica!ly set forth and described in Ihe granting and
_~•ndum c:a~ses nercof, and such Rece~v•~r sha~i ha~e ~U the broad ar;d rfirc'~ve ~u~~r. %;::s end powers in anyw~se entr~sted by a Court to a Receiver, and
_.h appo~n?rt;ent shal! be made by such Ccurr as an ad~~~in~~ eqt•~ty and a~.:atter ~f ebso;~re r;yht to said MORTGAGEE, and withcvt reference ~o the
.~.;scy o• inadequaci of the vai~e oi the property mar+~aged e~ to th:e so:~racy or •~~cc',.ency of said MORiGAGOR or the defendams, and that such
~ prof~ts, inco~~e, iswes and rever.ues shait be appl~ed 'oy wch Recct.e~ a~~ord.ny ~o the lien or equity of said MORTGAGEE and the practice of such
~ ~ J.'}.
8. To d~`.y, p~c^~p~;y and fuliy per4orm, d~scharge, execute, effect, compfese, co~~~piy w~th and abidr by each and every the stipulations, agreements,
d.!+cns a::d cuvenar~rs ;n ae~d promi:ior~ note and this mortga~e ser fo+!h.
9. That m!he event the ov:nersh;p of tn~ morryagcd premises, or any p3ri thereof, becomes vested in a person other than the MORTGAGOR, the
'RiGAGEc, in wccessors a,~d ass~~r.s. may, w~•hou~ ~o~ke to the ~L102TG~OR, dea! w;th wch wccessor or wccessor in interest with reference to this
"gegc and thc drbt hera,hy seur>d ;n the sarne manr.zr as w~th Alcrtyagor wi+hout in any way vitiati~g or d~scharging t6e Mortgagors' liability here-
,r or ~pon the debt heceb~ secvred P:v saie o~ ti,e pre n~ses hareby mortgaged ar.d no forbearante on ~he part of the MORiGAGEE or its successors
,ss~~r,s ar~d no extenson uf toe r~me fer rhe ~r.yment of the d=bt h~•reb~ secured given by ~he MORTGAGEE or ;ts sucassors or assfg~s, sball opera~e
._;:ase, d,scha.ge, mod:fy char.ge or cffect the O!tyinJl fiau~l:ry of ~he t:.ORTGAGOR he+e~n, either in whole or in part.
iJ. It is speuficaify ag•eed ~har rl:r.~ ~s oi the esse~ce oE th~s coraract and that no waiver of any obligation hereunder or of the obtigation ar
_~_•d hrreby shal: at ani u.:e tt,_r~a4ter be he:d to bc a w~~.c; cf thc !zrms hereof or of the instrument secured herby.
• 1 L In o:i.^. ~~o~~ to the f~recc •~~~~•'h'y c ay~•.~n;s u`. p-~, c a: ar~ inre~~sc s?qa~red by the p~omisscry no!e secured hereby, mortgagar eovenanfs
..:yrecs ro ,;ry ro n~o-tg ~gee r.~`h rac~ , on~h', cnt an ad,l:;;onai sum ..s~ „a~Ad by mortgagee to be eq~al to 1/ 12 of the a~n~al tost of the foilow-
~ A--A:I rea! propertr t~x~s ~~.~c•. or ass=,szccf cy~r s? sh~ a:.o+e d~_;~•r:~d r~al est~~te.
j B- Fr.::,r,ums on f~re a.~d .~:;n~~*a- r, msv*a~c~ ner_~r. r~qu~red to be carr~ed cn the improveme~ts s~tuate on the above d_saibed premises.
V C-Pre+r.u~ir~s en sucfi n~ort~,•ge g.:ar3:.rY :cSV'3r!E as mertgag~e sh;I! fre~*~ •~^e to t: ne deem fit to carry on the loan secured hereby.
' h1o~t ~-c °r;~m •I::.e to tf-.~. -,r:t; morr: a cr ~n vir;}~n cf tn> a~--ou~t d~c and a able hereunder and such su~, shall thereu n be due and
t 9aq~o 5-!' e^ .i 9 9 P Y Po
f ;,~r on the dve ciate of t~_ ~:~xt •~~-v"~. , pay.~e:~t a•id e-~ch wccessive n:c:+h the:eafter ur.til mortgagee shatl notify mortgagor of a change in such
~ ,,nt. Such s~ms sha:! Lp applled by mortgay•re to::•~~c! rhe payment o4 rea~ prcperty taxes, insurance prem:vms, and morigage guaranty insurance
3 ~ms.
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~ IN \YI7"Jf55 `~'H~REOf, the sa~d 1„QRTG%.GOR has here+::»o set his hand and seal the day and year first aiwesaid. ~
~ Signed, Sealed~/end~°~
~vere ~n~ t-he. p~Jese~ce of: ' ~j
~ ~ y~l~./.R~~ J' ~.i ~C~R~ _ _ I ,N .ti ! / /1.vrt~A~ ~Seap
, ~ W l.~buZ R. GY 1 ~ r~eaf)
r,,/,,.,~~ - ~-r• . ~
~ ~'--C..~c'°c~c.= ~ - ~7 ~ .'r : v c.tGLU/.~ (Seal)
~ '~lara V. Grimm ~s~ai
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~
~ OF FLORIDA ~
R St • L.L~C1Q
Y ~~:r~r oF _ 1
~ Before me personalky appeared W1I.bUY R, Grimm a~
~ CZaYd v. CiZ lIDm his wife, to me well known and known to me to be
~ Indrv~d~als deu_ribed in and who exec~ted the fore oing instrument, end acknowledged before me that they executed the same for the purposes
_~c•~n expressed. And the said-- C~aYa V• Grimm
of the sa~d Will~ur R~ CiT1IDm opon a separate and private
~ ~nar~un by n,e te'aen separate and aoart frcm her said husband, acknowledged to and before me that sbe executed said instrumeN freely and voluo-
;~j , y ano w,tfioUt any comp~~sion, constrainl, a{~prehens:o r fear of or from her sa~d husband.
,<Y
~ V~iT~:=~S my hand ar.d o(fic~al seal th~s_ day of March , A. D. 19_Z1_
~ `
Notary Public i~ and for the of Florida at targe
= My Comm~ssion expires: V p. 7~ F
Return To: ~
r:rst Federal Savings b Loan Assoc~at;on F LFO attp R~~pROEO
of F~~r S~. LUCIf ~vuNtr fLA.
Fort P:erce. Fior~da C`~ K~t ~`OiTRA~ .,~~:~fff~y~
C CUIT COURT •N
RE~~~'! YE~IF?Ep 1 ; - . :
-
6 2ZAM'75 j.
x:: ~ ' ~ • '
This Instrument Prepared By William J, FoYbes ' '
First Federal Savings 8 Loan Association _ '
i•~ of Fort Pierce~ Rlorida ~p " ~
.rW: 30 , - ~ ~ i - - ; ~ t
Checked By ~ S e7~~ , ~ • '~~a``~~ .
U
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~4 - ~a~ 237 2~0 _ . . , ~
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