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3. To plate and co~finuously tecp on ~he t~l:d~ngs r~ow w hereoiter s~fuste on ~eid I~nd and on ali cq~~p/ne~t and penonslly co•.ered by Ihia ma~¢
age, with all premiums thereoe pa~d in fuli, iue ~nsv~encc in tt» vsual a~a~~erd reLcy form, in • wm a~.+xo~avi by ~he MURtGAGEE, end windttorm .
~n~u~ance in IM uswl slandard Fot~cy io~n, in s sum approved by the N10R~GAGEE, in s~rch tompany or tanpanies as the MORTGAGEE may
d~recr, a~d all iire and w~nJ~~o+m insu~a~ce polK~es on any o) ~a~d bu:~d:oys, any interest ~herei~ o~ parl thereo(, in ~ht apgregara •~m afaesaid a
in eatess Ikrreof, sMll contain the usual standa~d rnortgagee ciauie a such o~her tisuse as ths Mw~9ay~e may requ~~~, makin~ Iha iosf under ta:d polt '~j
c~es, each and every, payabte ro said MJRiGAGEE at rts inter~st may ~ppear, and iwch and every svth poiicy shall be promptly ass g-,ed and daiive~ed to ~
eny held by s~id MORfGAGEE as fur~her setwity to s~~d mortpage dtbt, and, oot !eu rf~an t~n (IOi days in adw~x~ of iha expi~ar~on ot e~ch poGty, ~o ds~
I,ver fo uid MORTGAGEE a renewal thereof, toge~her with a receipt fo~ ~he pran~i~m ol such rene,ival; a~d there shall be ~o (ira o~ windsto~m in~~ra~t~
pleccd a? any of said buitdin9s, any interest the:tin or pa~1 therrof, unlcss in the form a:+d with the toss payable as aforosaid; and in the e~enl any tum
of money becomes payablc under f;.cR po~~cy w polK~ei sa~d MORTGAGEE shall hav~ ~t» optwn to rece~ve and apply the iame on accouM of the indabted~ ~
ness secured Fkreby w~o perm~t said MORTGAGORS to ~eceive and ux it a any p..r~ rhrrcoi ~or ori,c. ~,ur~osrs, ~.~~ho~t ~h_..u; .v~~~~•~g c~ ~~~~pa~.-
any equ~ty, iien a ri~ht under w by virtve of th~s mo::gage; and in ?he even~ sa~d MORIiAGORS ehall tor any reason iail to keep the sa~d premises io
~nsvred, d(ail fo deLve~ promptly any of said polit:~s oi iosurante Ip sa~d MORIGAGEE, or foil pro~nptly to pay fu11y any premi~m Iherefor or in a~y
respect fail ~o per(orm, d~scharge, execute, eHect, to~~p;ete, comply w~~h and ebide by this covnnanf, w any pa~t hareof, sa~d MORIGAGEE e~ay piace and
pj~ fw suth insurance or any part thercuf without waivi~g or alfei!i:ig any oprion, i~en, eq~ity, or n~ht under a by vinus ol this Mortgage, and Iht
t~'I amount o( each and every such paymrm shatl be ,mrnediately due and pa~able and sfiall bear interest (rom tbe drte thereaf until paid at the rate of
c per cenr~m per annu:n and to3rU~er wdh such inrerest .ha~f b~ sewfed by the lien of th~f mwtyaye.
1. To permi?, commif or su(ier ~o waste, impa~rmenl or drter~orat~on of saNl prope~ty or any part tFxreof. ~
5. io pay all a~d si~gulsr the coats, charges snd cxpensei, includinq a reawnable attorney's fee and costs oi abstratt~ of title, incvrred or paid at ~
+~~y time by sa~d MORIGAGEf, because or in the evero of ~he f~:ture on ~he par? of the naid MORTGAGOR to duly. promptly and fu~ly perfwm, d~scha~ge.
e..ecute, effect, canplete, comply w~rh and eb~de oy ea;h and every the stiEw!at~ons, agree:nents, conditions, and cove~ants of se~d pram;ssory note and this
-~rtgage any or e~the~, ar,d sr.d coats, cha~qes a~d eapenses, each and every, ihall be immediately due and payable; whether w nat there be notice de
~~~a~~d, aitempl to collect or suit pend~ng; and the ful~ amovnl of each an~ eyery wc~ paymem sha~l bea. iroerest from ~he date thereof until pa~d at the ~
e:' n.~ie e>e~ cent~m par ennu:+~; cnu a~i iaid wsts, char7~s and rxpc~~aes lr.:w~rd Or pa~d, toyclher w~th suCh iNereSf, ihall b! secured by the lien of this ~
mortgage. ~
6. That (a) in ~he evenf of any breach of this 1Noregage o? deiav(t on the part of the MCRTGAGOR, or iby in the event any of saEd sums of money
hc:ein re(erred to be not promptly and fufly paid .virh~n ~h.r1y (30) days n~x~ a'rrc~ tbe sa:~~e serera:ly taecome due and payab!e, without demand w nutice,
;;r 'cj in tF+e event each and every the stipula~~ons, ayreeme:~ts. co.^.d~tions and covrnants of sa,d promissery ~ote and ih~s mortgage ar+y o~ e~ther are nol
~~:y, ptornptly and iu!ty performed, t~scheryed. ¢xet~trd, e~fectrd. Coinp!eted, co~np:ied wuh and ab~ded 5y, then in ei~her p any such evem the said ag
a~~,~ate sum ment~oned in sa~d pramissu~y narr tnen re~~~ain:r.g unpa~d, w~th inttre;t atv~ed, and a11 moneys secured he~ety, ahail oecome due and pay-
ar, _ forthwith, w ~hereafter, at the ep~~o~ o~ sa:d h+02TGAGrE, as fu!Iy and comp!ztely as ii al! of thr said sums of money were a~g~nally sGpuleted
t~e pa:d on such day, aoything in s3.d p~o:mssury r,ote or in th;s Yurtyaga to rhe conuary norerithstanding; and IF.ereupon w thereafter at the option of
s•:i MpRiGAGEE, withcvt nor,ce o. da:r.a~~d, a~:t at taw o~ in equity, tnerelo~e or tt:cirahrr begun, may be praaetuled as if all moneys sec~red heteby
r;i r,~awretl pnw to ~ts instrtunon.
7_ That in the event rha~ at ti~r brginm~ of or a~ any t~n:. pe~~ding any s~~t upon this Mo~tgage, o~ to foreclose it, w to ~eform it, or fo eoforce
..~ent of any c;a~ms he~eur.d.r: sa~a ~l,ORiGAG_E sh~;; ,,pµ3y io the Covr~ h,~v~ng ~u~~zd:ct:on fhereof ior the appointment of ~ Receive?, such Court shall
::~rf: aFpumt a r~cc~ver of sa;d mc:tgag~d N:o~.~~rfy al: end sin3uiar, ir,~;vd.ng +~i ~~~d s+i7~~ar ti,e income, pro(ifs, +ssues and revenues from whate~e~
e dr.ived, each end every of wh:ch, :s be~ng e.p;ess(y ;;nderstood, is hr~ruf mc~tg:,g~•d as if spec~fcally set for~h and desuibed in ~he grantiog and
..~;~,dum c;auaes heroof, and s~~ch Rcceitrr shai: ha.o ati the b~oad and effechve fu~cr.cns and po.ven in anyw:se envusted by a Court to a Receiver, and
s:h a~;puin!ment shalt ~ae made by such Court as an ad~n~ned equity and a rrauer of abwiute rdght to said h10RiGAGEE, artd witheut re(trence lo the
~.,ycy o+ inadeq.,acy oS tne vaivr of the prcper~y mortgayed or to the so:vency or ~lr.G'nE'TCy ef sa~d MORTGAGOR or the defendants, and that sueh
_~s. profits, ineome, usues and revenues ~hait be ;ppl~ed by such Receiver a;cord~~;g to the lien or rqvity of said 1110RTGAGEE and the practice of such
i,C.,rr.
8. io d~!y, prcr.,pt:y ;-d i~i~y perform, discharge, execute, effect, tompiete, ce~nl;i~ w~th and abide by each and tvery the stipulations, agreement~,
-:i !~ens and covenjros s;:d prc~tnssor~r nete a~:d ~h:s mor~gage set forth.
~ 9. ihat i=i ~he eve,t the o++r.er:^r, of the r.,~rt~aged prem;ses, or any pa~t thrreof, becomes vested in a person other than the MORTGAGOR, the
._;TVAGEi. its s~-,~~sscrs a:~d as::~ r.s, n:a~ ,~„~~ho;,~ noi,cr_ to tne :".O~T A
! ~ G O~, d~ai ::~r?~ wch wccessor w successo. in inte~est with reference to thia
'yage ana the a:b~ hereby secu:ed in the some mannzr as w~i:h :.?o•igegor w:tnout ~n ar•y way viliating or dlscharg~ng fhe i\ortgago~s' Iiability hert
:c~ or u~n the debt ncreby sz~i:r~•:i N~, s~ ~ of ~r~e ~.re~::~ses heteby mortgaged aed r.o forbearanee on the part of the /AORiGAGEE o~ its suttessors
~s;~~ns a~a no exrees~on of rhe t~:r.r fo~ ~re payT.~~:.~ oi the drbr her-:by s~•curEd g+ven by the MGRTGAGEE or iu suaessors or au:gns, aSiall operate
; re case, d~scharge, mod~f~ char.g~ or af!ec! ~he ~ny~nai liai::i~ty of t+~~ Y,.ORTGAGOR here~n, eAher in who~e or in part.
10. It is ~cec~ftce;~y ag.•ced that ti:ne is cf tl:~ esaence of tl::s contra;t a~d thai no waiver of any obltgat~on hereunder w of the obligatan se- t
c_•,d h.reby s4a;i at any t~me thereaiter be he'd to o~ a wairer of the !e:ms herecf or of the instrument sewred herby.
I1. ln aJ~i t;^, : to the fo'er-o n •r:o_~i,' . 2
~ ~ ,;,,;•~::-nfs of p~~~ c~:at ar.d ~nrer~st requ~red by the p~om~ssory no~c sewred hereby, morlgagor eovenanfs
~ ~ anrees to pay to n•c-r-3,cee xi~h .=a:F n,,~:•n., :rnt an a:!:1 •lonat w~~ ;s:~~.;,!~d by morrgagee to be equai to 1; 12 of the en~ual cost of the follow-
A-Ail real ~repcrty tares :e:~c~ er ~ss.t~eci ,g,~-ss th._ .,'r.ove d~s~,;•oc.d r-a1 estafe-
B-Pr~•n:~uris on :~•e a~d vnndsro~n~ ~nw•a-ce as i~ere~n requ~red to be canied on the imarov~ments situate on the above dascribed premises.'
' C-Prem~~~ns on >vch mcrt3-ge guaran;y icw~a~:e .s :nc'tgagee sha~l frcr. ~me to time deem (it to tatty on the ban secured hereby. .
Idortg;gee sha'? f.em r~~•,~ ~o r~:,-.e nc+~f; m.Gr! jager ~n wr:r~ng of the a~,o.~~r d.,e and payable hereunder and such s~m shall ti~ereupon be dve and
~b'e on the dve cvre oi ~he rex! c~th:~ G~v~r.•';•.t a~id e.ch svcc•~ssive ^+on~h tnereaft_r ur.til mortgagee shall not~fy mortgagor of a ehange in such
_unr. Such sums sha:l he appGed by mortgag~:e TC1.3r~ the payment of real p+cpeny taxes, insurance prem:ums, and mwtgage guaranfy insurance
, .Vm3.
IN ~lfTP:ESS `.'+'HE+Z.OF, the sa~d !'1;CR7GAGCR F.as here~~to se! his h~r,d and seal the day and ear first af said.
- S~g~ed, Sealed a:~d delivered in the presencc ot: _ ~~i~~ / I
`,l/~l..{~
t ~ - ~ - a ~ ~ ~ $ea ~
I t - - ` 'i ` (Seal) i
; . - - - - (Seap s
'
i OF ORIDA ~ ~
i ~
j ;_;'~TY OF ~
e ~
; eefcre me ~.sona~ry aP~~~ed ~'atrick McCabe, a single adult and Floyd Townsend
t _ _~lta Townsend h~s wife, to me virell known and known to me fo be s
~ : i.d~vlduals descr~beo i~ and who executed tM foreqoing insl~ument, and acknow~edged before me that they executed the samt fw the purposes ~
~ !_•e n rxpressed. And the s3id_____ t?lt8 Townsend
~ e of the ~;a _ F
loyd Townsend upon e sepsrate ~nd privste .
f •.~T. nat~on by me taken separate and apart irom her said hushand, acknowledged fo and before me 1ha1 she executed said instrument freely and voiun-
' ~ and w~thout any cumpulsion, consrraint, apprehens:pn, or fear of or fiom her said husband.
i WITNESS my hand ar,d offic~a} seal this. ___6Lh ~ay of k1a ~ a ~._'~q,75 '
~ ~S '
~
~d11 ~ ~ ~ e
. Nofary Pub!ic in and !or the $tale:pf Eloti~'~f Lar~ t~.
My Commiss+on e:pires: ~j
Return To: 7 _
~.rst Federal Sa~ings b Loan Associ~t;on -r : ~ s
j V :i~ V ~ • ~ .
O. F H P:erce. \ i~u ~ J• -
Fort Pie:ce. Fic•iJ3 '
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a' r ~S:'."'~
~~c:~~oEO ~ s~.....~~~Y~~..,~,;.
fILEO ~n: ~,~;r FU• . ' .:c•;,c,~
ST.~UCt-.~..o?l~~S ~ ~ • ~
- This Instrument Prepared By Gary E11woo•I R~`'E^ ~ ~i '
First Fede~1 Savings 8 Loan Association CtEFx %~i1 CeURT
of Fort Pierce , Florid~ acr,•. vfP'• iE_•
Checked By NA~'~ ~
~ ~ ~8sz f
:
i •~ooK239 PA~f1~29 .
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