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3• To p~ace and conrin~ousiy keep on ~he bvi!d~ngs now or hereafrer ~~i~aie on sa~d lend and on ell equipmem ani! perionally co~ered by ~hf~ mor?g-
age, w~th a4 premivms thereon pa~d m fu1i, fire insuranre ~n thtt us..:i atandard poLcy form, in s aum sFprovad by the MOR~GAGiE, a~~d windstorm ;
~~suraoce ie tM vwal s~andard pollcy fu~m, in a wm app~oved by ~he MORTGAGEE, such campany or comp~c:+li- ~s ~b MOATGAGEE may ~
direct; +nd all fire and w~nds~orm insuraoce po~ic+es on any of s~~d build~ngt, sny interest the~eio o~ pa~i tF~rreaL in tha aggregate sum aloresaid w -
in excess ?hereof, sFwll con+-' the usual standard mo~tgagee c~euse or such othe~ clause as the Maegagce may ~eqwre, ma?~ng 1he Vos~ ur.de~ sa~d ppib ~
c~es, each and every, payab!e w sa~d AWRTGAGEE as ~ts i~~terrst may apRea~, and each and eve.y such poiicy shall I~e prompriy ais g~ed and de~~ve~ed to
any held by sa~d MOR[GAGfE as lunher secui~~y ~o said mw~gage Jebt, and, no~ iess ?han ten (10) days in advance of the e:pirat~on of each poGcy, ~o de- ~
t~~er to ~aid MORTGAGEE s renewal ~hereof, toge~he~ wi~h a receipt for the premium o( suth renewal; and there shall be ~o fne o~ w~nds~orm inwrance '
placed on any ol taid b~ildings, •ny interest there~n o~ pa~f thrrcof, un!ess in tht form and wi~h the loas payable as aforeu~d; ar.d in ~he evenl any sum
oi money becomes payable unde~ such policy or poCcies said MORTGAGEE ihall have 1he opt;on to rece+ve a~d apply the same ca+ account oi the indebted• _
ness setured he~eby or ro permit sa~d MORTGAGOR$ to receive and use it or any prr~ ther~~of ior och^r pu~poses, .-.nhout t!~:•~u; wa~.~ c. ~n,pa~r-
ing any eqv~ty, lie~ ot tight unde* o~ by virtue oi tfiis mo::gage; and in the event sa~d MJRTGAGORS s~all for any reason fail fo keep the said premises so
~nsured, o~ fail to delive~ prompNy any of said pol~cies of insurance to ta~d MORiGAGEE, or fail promp~ly ~o pay tully any prr»ium the~efo~ or in any .
respea fail to perform, discherge, exotute, elfect, comp~ete, w~np~y with a~d ab~de by ihis cove~ant, w any part hereof, sa+d MORi~AGEE may piace a~~d
p~y fo~ suth insuronte or any part thereof without waiving o~ af(edi~g any op~~an, lien, gqu:ty, or right u~dar oa by vir~ue ot tfi+s Moctqage, and thc
t,;;f amount of each and e.ery wch payment shall be ~rnmedia~ety due and payab'e and shal! bear interest f.om the date thereot until paid at ~he rate o1
~.:e per crntom pe~ annum and tog_rt~e+ ~vith nuch i~~!cr~st sfiatt be xwred by the S~en oi lhis mortgage. •
1. fo pe~mit, commit or su((er no wasfa, impairment or deseriorat~on of saici p~ope+ty or a~y part thereof.
S. To pay all and singular the cost~, charges and expenses. intlud~ng s reasa~ab!e attorney's fee and coats of abstracta of title, incurred o~ paid at ~
any timc by said MORiGAG:E, because or in the event o~ ~hc failure on ~ha part of ~he said MORiGAGOR to duly, F~omptl/ and 4ully pertorm, d~x~arge. ~
~.~•cute, effect, complete, comply wnh and ab:de by ea.h a~d eve.y the st~pulanons, agrean.ents, cond~tions, and cov~runts oi sald pranaso.y no?e and this
,~orrgage any or e~~her, and sa~d costs, cha:qes and ewpenses, each and every, sha~I be immrd~a~ely due and payab~e; whethrr or not there ba notice d~ .
e,and, attertpt to colted or wit pend~ng; and the fu11 anwunt of eacfi and e~ery such pdymem shali bea. interest from the drte the~eof unril paid at the {
r,.- oi n~ne per centum p~r a:u+..:n; and a~! said cos~s, ci~erges and rxpe~~>aa incurred or ~:aid, togelhe~ vnrh such interest, ihall be setured by the tien o( th:s ~
rnortgage.
6. [haS (a) +n tfie evem of any breacfi of th~s J~~o~~gage or default on tl.s part of the t~ORTGAGOR, or (b) in ~he event any of sa:d :vms of mor?ey
Fere~n refe~red to be not pranptly and fully pa~d within th~rty (30! days next a~~cr the same seve.a~ly become doe and payable, withaut de.naod or notice,
~r (c) in tha event each and every the stipufations, agreemen!s, cond~ficns and covenants of sa.d promiswry note and th~s mortgage any or either a~e nof
i,iy, promptly and fully performe~, dscha~ged, exe:ured, effected ~~mF!^!c.a., cv:~~pt:ed v.ah a,~d aL~ded by, then in e~ther w any s~ch event the said ag- }
~r~•gate sum mentianed in saed prom~ssory~ ncte then remair.ing unpaid, w~th ime.c.r a~cr~,ed, and atl moneys secured hereby, shall become due and pay-
n~, t forthwith, or thereafter, at the opt~on of a;~d b\ORivAGEE, as tvi~y ani ~a~np~e~e:y as if all of the sa~d sums of mooey were a~g~nally st~puiated ;
to be pa~d on such day, anything in sa.a pro:niasay notc o~ in this l.~ortgagr tu the c~~~trary notw,~thsta+,di~ig; and thereu(~on w therealtet a1 the op~~ort o( ~
s,+~d MORTGAGEE, w~thout notice or demand, suil at law or in equity, the~efore or thereaiter begvn, may be prosecuted ss if all moneyi setured hereby ~
r, ~d matvred pr~or t0 ~ts institution.
7. That in the event that at tha beginn:ng e( or at any tlme pend~~:g any s~~t upon rhis Mo.tgage, or to fo~eclose It, or to reform ~t, or to tnforce ~
~yment of any t?nims he~eunder, said AICRTGr.t~_E sF~a1I apply to the Co~+r ha.~~:g ;~~.sJc+~on thereof for ~he appointment Of a Receiver, such Court shall ~
•`~.virh a;~pc~m a rece~ver o( said r..o:sgaged pre{~»y ai1 and s~~g~~ar, lnci~dng a~+ and s~~}~~~ar tfie ~~come, profds, iss~es ar.d revenoes htnin whaftver ~
rc~ ~~rive~, each and e+ery o4 wh~zh, ~t t,eing exµress;y ~nd•_nwod. is he::-bi r.~o~r•:~,~ged as if speuficaity set iorrh and deuribed in the granti:x~ a~d
:Fe«dum ciavses hercof, and wcfi Recelver shall nave alY ~he broad ar.d eiiec!,ve f~nc~ ons ~nd powers in anyw~se eMrusied by a Court to a Receiver, end ~
c_-h appoin~ment shall be made by such Court as an atl:nilTs~ eq~ity a~~d a r.:a!rer o~ a:~saute r~gh~ to said MORiGAGEE, and wi~hout reference 1o the ~
_.:_.~v,cy or inadrquacy oi the vaiue of the groperty mo•tgaged or to rhe so•v_•ncy o. ~=;~o:~ency of said N.ORiGAGOR a 1he defendants, and ~hat such ~
•s, profits, income, issues ancl revenues shaN be app~~ed oy such Recenef ac-or.~. ~g the lien or eqv~ty oi saEd 1V~ORTGAGfE and the practics oi such
~„~.rt. ~
3. To duty, proTptiy and fu!ly perform, d~s;ha~gr, execufe, ef•`ect, comp!ete, cornN;y w~th and abide by each and every the stipufations, agreements, ~
c~r.d~ti~ns and covenants in sa~d proinistory ~wte and ~h;s mcrtgage se~ forth. ~
9. That in the event the owr.etship of the n:ortgaord premis<_s, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
:^_?TGAGEE, its svccessors and ass~~~~s, may, wl~hout noTiCe to"~h> ~!O4'v~`vK, deal w;~h such successor w successw in interest with re(ere~ce to this
r+gage and the debl he~eby sec~red ~n ~i~e sam,e manner as w~.h tSortgagor witheut in any way vit:ating w d:scharging the Mortgagors' liability hErt ~
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~_~r or upon the deb~ herely sec~r~d. No sa(e ef ihe Frenuses hc~eby mortgaged and no for6earance on the part oi the MORTGAGEE o~ its successors
c• ~ss~gns and ~o exrer.s~on ot tne t~n,r for the payn:ert of the d~=nt ha~rb~ sec~red given by the MORiGAGfE or its auciessws or assigns, shall operate ~
~o r; ~case, d~scharge, mod~ty char.ge or affecr tt~e o~~o~na~ IiaL~~ly oi rheC~'.ORTGAGpR iu~e~~, eithee in whofe or i~ part. c
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10. It is spec~fi;ally agreed thar timr ia of the essence of tl~is contrect and that no waiver of any o6ltgat~ort hereunder or o4 the ob~gstan se~
c~~red hereby shalt at an7 time thereafter be h<fd to 6e a»a~•rc; of ti~e terms hereoi or of'?he instrumeM secured he~by. ~ ~
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' 11. in add non to tha foreyo'~.9 mo~t~ty oar„ ~~~rz al p•~^c pa~ and inre~..~s+ reqv~red by the prom~ssory no!e secured heret~, mortgagor eovenants ;
~ 1-: :,g~ees to pay to mo-tgagee w~ch each mcnrh:y payr :e~~t an add~'~or.al s~+n esfimated b/ mo~tgagee to be equal to 1'12 oE the aRnval coat of the fo{fow- ;
A-All real property ij~as iavic:'. or assesseci ~g,i~~it th._ aE~~ve desa~~:e~ r_al es~ate. ~
~ B--F:emiu~ns on fire and ~indsto-m ~r,>~r:,+ce as he:_'rn rcq~;t_~d to be carried cn th~ +mprov~me~ts s~tuate on the above d_screbed premises. ~
C-P~e~niurr~s on svch mortgage gvrraMy ~nsura+.ce as m.a•rgay^ee snail fror r'~,e to time deem fit to carry on the 4oan secuced hereby_ i
~ r1. rt a ee s!~~!: frc~n s~~ne to tl~ne noa~f • mcrr~a ~n v:~~t~n uf tne aTOUnt du~ and a able hereund?r and such sum shaii thereu n be due and '
~ . ~ 99 r y9~., g PY Po
~..'e o~ the due date of th= :~~_x~ molth':; pay•~~ent and each zuccess~ve ~~o~~h thi~:eafter ur,tit mcrtgagee shall notify rteortgagor of a efian3e in such ~
~ ~nt. Such s~ms s`~~;~ ix app:md b~ mG!:iJ;g:e to:..3-d the ~~ayment o4 re.~f pr~~c~ty taxes, i~surance Qrem;ums, a~~d mortgage guaranty insurance ~
~ . ,~..~ms.
4YITNESS V1HER~OF, th~ sa~d Pl,GReGAGOR has hereu•~to set his har.d and seai r~e day and year first aforesaid_ ~
( Sea! delivered in the presence of: ~ ~ ! ~
( - _ . af~ s
avi . war s ~~a~ ~
~ - _ ;
% Witnesses ~ij ts~an F
, Ann ~i. Edwards _ `,~,i~
~ _
k
oF INDIANA
i ~ ss.
~ : ~'vTY OF 1
Before me penona?Iy ap~!ared _ DaV1Ci P. EdWdIdS _ and
' AT]11 Edwards his wife, to me wefS known and known to me to be
a individuals described in and who execu!ed tf~e foregoing instrument, and ackno~nr~edged before me that they executed the same for th~.~u(poses _
«:_~•e;n ezpressed. And the sa~d-_. Ann H. Edwards -
, of fh~ sa~d __~a_Vlt~ P. ~dwards _ _ „~,,.,~;?.:~~"-~~•.sr. ~
n
.,~~•,"~at~o~ by me taieen separate and apart from her said husband, acknowledged to and before me tfiat she executed said irnttumeW~~l~1~.i~1d
and w~thout an com ulsion, canstraint, a rehens+o , or fear of or from her saEd h nd_ - J~
j 1 Y P PP R .r.~~'j -1i~'~
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, V11T?dESS my ~and and oSfic~al seal th~s__-- day of___ ' ",'-1~;-p, ~1,9=
ANf' t?ECJKDED a„'~=" ' _ ~~--s-~~+:j~ _ '
3~,~~!~~,~• f ttE~ ' N~y fl~- Notary Public in and for the Stat1. it
a/a~p $T. WC~E ~Ot1tRA5 ~ , ;
' itGGE: ~ My Comm,sa;on expires: r-~_ f
, Re!~~n To: CLER1. Cit.~U1~ COURT g~ 9~ 78 %T,'~1~~~$~
r~rst Fe dera i Savin~a d~ io3n Associa!~on ~EC~ p Q ~L~~~~£~ .~%i~~
or Fo<< P.~..~~. ~'~5 , f:,..
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Fo~t Pisrce. Fio~~da 4 O~ ~ !tf/!*'!~l:± .
1. ~~'t''7t.(. ~'l~a4G'I~•'``'
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This Instrument Preoared By ~1ChSrd K. Kayes ~.~iG1~Q~Lt
rt~..+ '
First Federal Savings 8~ loan Associat~on ~
of fort Pierce ~ Florida
BD~c~ ~
Checked By ~ ~Cf
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