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9 To place and cont~nuousl~ keep on the bu~id~ngs now or hereaher lituata on sa~d land and on aC equip~nent and personally covered by ~his mor~¢
ega, w~ih a!I pre~niums thrreon ~w~d in full, f~re insura~ ce ~n the usual standarJ poi~cy form, in a surn approved by the MUR~GAGEE, and winds~o~m
~nsuran~e in the usuel srandard po6ty form, in a cum approvtd by ths MORTGAGEE, in tuch company o~ tompaniet as the MORTGAGEf may
dreu; and all fire and w~ndsarm insvrance poGc~e: on any oi ~a~d build.nys, any in~erest therein or par~ ~hrreof, io ~he aygrega~e ium a(aesaid w
in e;cess Ihereol, shall -ent~in r7k utual s~,+~~dard mo«g~gae dause or such orher c~ause af tha hlor~gagee may require, maling tRe toa~ unclrr ~a~d poiN
res, each and eve~y, payab:e to said h10RTGAG:E as rts +~~~eresr ~nay appear, a•~d e„ch and every sucfi F,o!~cy shall be promptly ass.gnrd and delivrred to
a~ held b sa~d A10RiGAGEE as fur~her sewrii to aald n~ort , e debt. ar.d, not !rss !han ~en (10) da s in ad+~nte of the ex uation o1 each Iic to da •i
r V Y 9 3 i P Po Y.
~,~rr ro said MORTGAGEE a renewal thereof, toa~e~har wi~h a recr~pt (or th~ p.rm~um uf such renewal; and thero shafl be no f~re or windatorm iniurance
p!aced on any of said b~,i~dings, any interest the~em w part thrreof, ~n:~•ss in iha fom, and w~~h ~he iois payaLle as aforesaid; and in the event any sum
ot mo~ey becomes payable v~r such puticy or pol+ci~s sa~d MORTGAGEE shell have ~t~e ophun to receive ane! apply the same on accounl of the indabted
n~•ss secured h~reoy or ro permit aeld /.10RTGAGORS ~o recr~ve and use it w any , an ri~e:eol }or osl~cr pur~•osrs. .v:~hc~t th_r~~,; ,n,a;.i.,g or nnp~ir
~~ig any ~quity, lien w right undcr or by virt~e of ~his mor'gage; end in the event sa;d hSJRTGAGORS shall for any rcason fail to keep the aaed premises so
~nwred, o~ fail to d;Gver pr~mptly any uF said poi~ci._s uf insurance to said I.1QRiGAGEE, er lait promptly to pay fully any p.emium therefOr or in a~y
rrspc~ct (ail to prrForm, d~scharge, executa, ei~ect, comp;eee. co~nply wi~h and ab~de by ih~s covenant, or any par? htreof, sa~d MORTGAGEE may place a~d
c•j; fw suth inaur.,nce or any part thereof w~!hout WdIVI~~ or affecting any opt~~n, Iien, equ~ry, o~ right under w by virtue of th~s Mwtgaye, and tht
amount of eath and t~ery wth paymenl sFeeit be immedute!y due and Fayablc an;! shall baar intert:t from the date thercof uNil paid at the rate ot
e per centum pe• annu:~~ ~nd tc.~~tl:~~~ nnh s~c+~ ir.!er~sr shaG l~e <_ew~ed Ly the Cen ot th+s mor.gage. .
1. To permi~, commit w suffer no ~vaue, impaint:ent or d~iar;orat:on of :o~d p~operty or any parl thereof.
5. To pay all a~d singu:ar the wsts, charges and expenses, inciud~ng a ressonable attorney's fee and costs oi abstracts of tiNe, incunetl or paid at
.~~n.e by a.:id A1CRIGAG:E, becavse or in the event ut ~he f~~~ure on fhe pa~l o.` ~h~ se:d hFt~RiGAGOR to duly, promptiy and fu~ly perfam, d~scharge.
_,~cute, effect, ccmplete, co:npfy wdh and ab.cle by rach ar.d every the st~pu:arons, agre<me~~~s, conJJions, and cuvenants oi sa~d promfssory note and thii
. fgaye any o. e~fher, and sa d costs: charges and exH~rtses, each and ev._•ry, shail be ~mmed~atety d~e and payable; v,hether q not there be notice dt
,~~:1, attempt to to~iect or suit prrd~ng; and tha fu11 a~wunt oi each and every s::ch paymem shall bear in~eresl lrom Ihe date tfiereot until paid al the
' .f nlne per cent~m c+•r , anc: ail said c~srs, ~r~a~~rs ~•~,d ~x,.enus ~~x~rrrd or po~J, together vv.th w.h mterest, shall be sewred by Ihe Gen o( thit
•r,ortgage.
6. Thaf ;a~ in the evenr of any breach of this A'iorrgage ar defaulr on tF,r part of the fV,ORTGAGOR, or ,b) in the event any of sa:d sums of money
!~:e~~ referrrd ~o be not prcmptly ard f~uy pald v:~thm th:rty ~3J~ d.~ys ncai a~ter ihe s~~*,e se+erafiy be:o,ne due and payable, without demand or notice,/ _
r ii in the everit each ar.d ev~•ry the s:ipu~aiiona, agreements, cor.d~tions and covenants oi sa~d p~omissory note and th~s nwrtgage any o~ e~ther are nof
cro~npNy dnd tuity F>erfofined, ci.s:har3ed, e~e;~r.d, effected, co,npieted, co»>r::ed v:~~h a~d aF:ded 5y, then in e~eher er a~y such event the sa~d ag-
-:~'e sum ment~oned ~n said pro~n~asory nc,te +hen rr:nai-,ing ~npe~d, w~rh u~ter~;r a;c:~rd, a~~d aN nwneys sec~red hereby, shall become due and pay ~
ferthwith, or tnereaf!er, at th~ cpt:o~ ;:f s..+d rAORTGAGEE, as f~l:y and comp:~•r~~!v as if a:i o( tnr said wms of money were onginatly stipulated
~ pa:ci on sucti ~c~; ar~yth~~g ,n ;~.d F:on:~scry r.ote or in rh~s ;l,~:tyage to u~e co~~irary nOfw~tF.113~~t1~ny: and thereupon or therealter at the option of
>'":~OkTGAGEF. •r..rFo~.t r,~t,c~~ rn G~~~:.~~c}. ;u.t at iav. o; in'equrty, thrrefcre er rhircoiter begun, may be prosecuted as if all neoneys setured hereby
. ,,irured pnor to ~rs i. st~~~`,an.
7. ihat in tF.<_ ever,t th~; ;t r. _ j,rn r.~ .:i at any !~me p~•nd~~~g a iy s.~~t n Th~s V,ortgage, or to fweclose it, or to reform it, or to enforce ~
. . cn! Ot any ~~~!~ns F~.rrw•.d~~•. ".'~.:iQTvi.v=. s~a'! to •~c: . . i
~+t H/ ~ to;,~t y , i ct;~n ih•_reot for fhe appo~ntmeot of a Receiver, such Court shall
..•'h aFp:,+nt a rr:e~.•~~ c4 i, cl _ :,_,~ci Fro; ert~ a~: at.,i s~r:y;:.ar, ;;c:~d •3 ~ s•,,~e, ~r rt•e ir.come, profrts, issues end reve~ues from whatever
: denved. ec:h a~~d ~~•ery o.' n!.,ct~, i:~~:,g .rF,reu.y ~nders~ood, n rwcuy n.u~r_~,~rd as i1 :pNc~ficatty set forth and deuribed in the granring and ~
d,,•m c;avses i~er,e~, and s~~:h R~ce~.e: shuf: have alt :he u~:~ad and effecr;.c f..cr. c.ns onci por:ers in anyw~se entrusted by a Court to a Rtteiver, and
~ ~:poin!ment s~+~i: be n,ade GY si,ch Cc.~~rr as an aeirn~tted equity and a ~atter oi at:;~~~rr nyht to said MORiGAGEE, and withoul re~erente fo the
.:cy or inadeq~ac,~ of tF.~ va:ue uf ii~e r,~cµcrty monga9ed or to ri.- so.~ency .~r .~~;~.~~•ncy o~ sa~d MORJGAGOR or the defendants, and that such
prot~ts. income, issu~a and revenucs sha~! be zpp3led ty s~ch Rrce~:er auo:~i, .g io tne Ge~~ or eq~ity ef uld MORTGAGEE and the pradice of such
8. To dv'y, promrliy and ful~y perto~m, discharge, execute, effect, co~nplere, w•:.Nii w~rh and abide by each and every the stipulations, agreements, i
.'oos and w~e~+anf, +n sdid arom~s:ory noTe a~:ti tn:s mortg~~e x~ ~art!:.
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9. iF~at i~ th~ e~~ent the o..r~e-snfe of sf:e mo•~~aaed pre~.~ses, o- a.~v part therecf, cecomes vested in a peraon other than the MORTGAGOR, the
<;AGC:. ~rs succrss.:•s o^,c: as~:sns, , , N::ho~r rc!~,e to r!-e .'IORi(,.:.pR, Jea~ v::th such successor or successor in i~terest w~th reference to this
;:gc and rh~ o•i;t 'r,~•.,;~y s,rc.:~~d in :i~~e sa~,:: as :v~~h ht~•tgayor w.thc~t in any way vit~ating or d~scharging the Mortgagori liability hert
uron rh~ d.;;r h. ;:l,r r~d s~ e c~f ~ f:_~,:,Srs t~• re:~, •r.c~~~y=yed acd no fo~bea.ance on the part of thr 11tOR7GAGEE or iis successors ;
~ ~~~s and ro x on c~ t t„e Fa~ o~ +n ~.-i,. h~-••~!,~ sec•~r;•d g:r.•n L-~ Ihe MORiGAGEE or its successors or assigns, ai~all operate
_se, d scha:~~, r,:;d 4y _h,..~~ o• ,~'r~~t ~ J~,, ,.y oE tne V.GRivAGOR i,erem, edhxr in wF.ole or irt parL
10. It I: s~:•rc-f~;+;y ao~~ed ihjr ~:~n, ~s of the e:ser_•_• pf ~t.:s co~~sruct and that no wa~~er of any ob,~gat~on he~eunder or of the obligation se-
_d h.reby sha; a• an~ tin:e ihrreat:er he!d t~ be a w~ivrr oi t!:e !crms ?:eie~f or oi the instrumeN secured herby.
1 e. In ;.i;i.t:c:: to ihe iorrgc •r,~:,~h:y ~„~~,,:,nrs o! c-~• c;,e~ ;r,d ~nr.zrest required ty the prom ssery note sewred hereb/, mortgagar tovenants
,•ees t~ ;a~ ro ~•.,,-;7r:.,e r.~~h e.~c'r ~.~~!h ,:,a~• :e~,t r,n ad:: :,,r.a: su~~~ ~s~l •~~ed 'by mo•tyagee to be eciuai to 1;`12 of the annual cost of the follow-
-A~I r.,e~ pr:~rr:y »~~s 'e:r_d er ass:s:_u ~,,-,r~st tf~: abo~c• drsc•i~;..d n,ai es•ate. -
~ F~^'~. -•s c: ' . < , , ~:.cisr, ~r ~.:s,r:~• hz .•~n r ~q~;reci ro ix~ ce~: d c ~ tne ~mproveme~ts s~tvate on fF.e above descri6ed premises.
C-Pm_rr::~~. s on SVC'7 ~~~ortg .ge g~a~ar.tr icwr ce as ~nortga.:~,_e sha:l fro^.' t•r, e to time deem fit to catty on Ihe loan secured hereby.
:'.c•ty;q~e ' ~ , , , , -;e cc,s:f ; . ;n ~,~,r,nq o~ t1~e o~-~t d~e and payable hereunder and such su:- shall thereupon
~ ' " ~ ~ " be due and
on th~ u;F re.~*e eT !n = r•..:xt -.c ,,,y~- ~t a-~d e.;ch s~cc_ss;ve rt:G!:'~l t~~._•~eaft~r urni+ mwtg3gee shatl notify mor!gagor of a change in such
Svch su~rs sh~:; 2~,~ ~.y „~c*•ga: re to:•:.~•c2 t!~e {;a~ment of real property taxes, insurante prem,ums, and mortyaye guaranty :nsurante
,:.,s. -
I~v ':?Ii~~E~S V+H:2EOF, ?!;e sa~d .M.•_~RTG:,~;,n has h^re.r~eo :er nis h,~~ d and s~~~l the da~ and ar firot esaid.
~$igned, S~zeted a;d ~'.:ve~ed i the presence or. ` ~
~ Seal)
L10 d ?2? {5ea1)
- ,
T'~ - - t5eal)
- _ _ Clotilde R. Ta lor ~
(Sea!)
'E OF FLORfDA ~
St_ Lucie
_ ~:r~r oF - - - - - ~
! Befor~ me ersor.aii a L10 d Ta IOr a~
P Y PP°tred ----Y-------
' CI.OLllde F. Taylor _ h;: wife, to me well known and known to me to be
- - _ -
' drviduals descrl6ed in and •r:ho e,cecuted the foregoing instrument, a~d acknow~edged before me that they executed the same for the purposes i
' :•'n expressed. And the said_ ClOt l lde F. Taylor - ~
<
' of the said .~fl~l~_~}/~4'L------ x
upon a scpaiate and p~ivate
~3t~cn by rr.e tak._n separate ar.d apart from he~ sa~d husband, ecknowl~ged to and before me that she executeci said instrument freely and volun-
; ar,~ w~thovt any compvlsion, constra~r.t, appreher.~n, or fear o{ or irom her said husband. .~e+.•_
'.^iIT~~~SJ my I~and and offic~ai-seal th:s day of
~arch D. 19 75
' FILED AVC REGJR EO % ~
~ st ~uc~E couNTr - - ~ .
I RQ~~~ ~(•+TqAs Not Public in and for the S.•e~~e
of a~t lai9e~
R~~~,~ ro~ C~?K Cpf~GWT COURT ~ ,;;51`x ~~o~'F'~g4.S'~`P~S~~tGRtDk lT tXR
~~s 6 ~oan A D~ ? f17.~.~..~~• C'1.,. SS::I/ _:?!G~~ qn . :
:st Fede~al S~.;r swG~;~on ` LU ~ hiAY 31,'~ J
..,nD l~~lt G:.,[a.+.. i:~Su~.Ar:CE Ur!lfEjy~~ ~
Fo.,`~~; , . ~R I ~ 12 ~K'7 e /~1 7 ~ ~ ~ - " . ~S
, ,
3a~~2 _ . ~
~ Th;s Instrument Prepared By John W. Collins
F;rst Federal Savings & Loan Association
: of Fort Pierce , F lor ida
~ Checked By
~ ° R 238 ~.20 ;5
; BO~K PAGE
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