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9. To piac~ and continuovsly k~ep on ~Fw bu~fd~n9s now p hereaftp ~ilu~l~ on said lu~d and on ~II puipm~nt ~nd pN~o~ally oov~r~d by this matQ~
p~. with al) prfmiwna Ihereon paid in full, fire i~sur~nce in Ihe us~~l Nandard polity fam, in •~um approwd by fM MORTG/1GEE. and wind~lam
Iniww?u in tM uiua) ttanda.d pol~cy fam, i~ a ium approv~d by ~M MORTCiAGEE, in wch comp~ny a comp~nia a th~ MORTGAC~EE m~y
dindr ~nd alt ii~~ and windstam insurann policro~ on ae?y of iaid b~ild~nps, any inte~~~~ tlarsk~ w p~N tM~~of, in IFN apyrs9~t~ wm afaes~id o~
In ucceu ther~of. sMll conuin ~h~ usual uanda~d mortga9N c1~~H a such o~hN d~ua ~s tM MatyapN m~y rpuin. e~akie~p 1M los~ undK said po1E. .
ci~s. ~ach ~nd ~very. paYabl~ w sok) MORTGAGEE a~ its in~arest may ~pp~ar. ~nd each +nd ~w~y such policy ~MII b~ promptly .ss:yn.d and d.liv.r.d ro• i
any Mld by said MORTGAGEE ~s (ur~her ~ecurity to ia~d mwtyaQ~ debt, and, not leu thae ten (10) d~ys i~ ~dvanc~ oi tFw ~apir~tion of ~~ch policy, to d~ . i
IivN to aid MORTGAGEE • renewal tMrcof, toye~hK wi~A • rec~ipt fa the premiwn of such ~e~ewalt and ~Mra ahall b~ no f'u~ or winds~am IMYf~fK~ F
pl~c~d on any of said buildinQs, any interest tF?a~ein w p+rt the~eof, unleu in ~M (wm ~nd with ~M loss payabb ~t +(a~aids a~d in tM ewnt a~y furn i
of mon~y bacomh payabl~ w+d~~ such polky w policiss said MORTGAGEE ~hall haw tM option to ~eceive and apply th~ sam~ on aaovnt of tM ind~bted- ~
ness seturtd hKeby a/o permit iaid MORTGAGORS to receive ~nd vs~ It a a~y ps?t thtrsof fo~ other purposes, without thaab/ waivi~y a bnpair• j
irp ~nY puiry. lien or rgM under or by vinw of ~his mo:tpa~e: and in tM ~vent said MORi(iHGORS thaU (or a~y rsawn f~il fo keep tM s~id pr~mises w
insvred, a tail ro delive~ prompNy any of wid policies oi inwrance to said MORTGAGEE, ot fail pranptly fo pay fully ~ny pr~mium thertlor o~ fn a~y '
rtipstt (ail to p~rform, d~stharpe, OaKUte, ~f(ett, comp'ets, ta-nply wi~h and ~bide by this cov~nant, or ~ny pirt Mt~of, s+id MORTGAGEE may pl~ct ~nd ~
p~y fa cuch inauraoc~ o? ~ny part tharcof without w~ivirg a~ftectir?p any option, li~n, puity, w ri~ht unda w by vGtw of this Mwt9aq~. ~nd tM •
full amoun~ of each and ev~ry iuch payment shall be immcdiately dw and payabk and ~MII bear interest from 1M dat~ tF~ereof ~ntil paid at tM rat~ ol
nine per tent~m pe~ ~nnum snd to~ether with :uch inrerest shall be secured by tM lien oi tF?is mort~pe. .
1. To psrmit, commit ot suf(er no wa~te, impairmcnt w deterioration of ~~id property w~~y put tMreof.
S. To pa~ ~11 ~nd si~pui~r th~ costs. ch~tpes and expenses, includirg a reasonable anw?~ty's fes and cosb of abatracts of Ntl~. Incurr~d or pald ~t
any time by said MORTGAGEE, becauis w in the evMt of tM failwe a? tF+~ p~H of IM iaid MORTGAGCR ro duly, pomptly and f~lly pNiorm, diKha~t
s:ecute, effect, complae, comply wi~h and ab~de by each ~nd every ~he itiputanwa, a9reeme~ri, tondition~, and cov~nb of s~id promisswy rat~ and thia
mwtpape ~ny w eithe~. and sa~d coats, charyes ~~d eapenus, e~ch and ev~ry. shall bt knmediately dw ~nd p~yabl~: wF?Nhsr w not there b~ notice dp
mand, anempt to colkd or wit pe~ding; snd ~hs full amount of e~ch and every tuch payment shall bear intere~t irom Ih~ dat~ tMreof vntil p~W a1 the
~ate of ~ine per centum per annum; a~d all said cosn, cFwryss and eapensss incwr~d or paid, Ioye~Aer with such inttr~st, slull M s~tuted by tln li~t~ of thit
mortpap~.
Q That ta) in the event of sny breach of ~hes Ntwtgage or dafault on ~he pa~t of the MORTGAGOR, or (b) in the'tvent ~ny of safd wms of mo~ey
hereir~ referred to bs not p?omp~ly and fulty paid within thirty (30) days ~ext afrer the same severally becoms due and payabl~, wi~hout dem~nd a notice,
or in tM event each and every ~he stipula~ions, agreamMn, cond~ta~s snd coven~nts oi ia~d p~omasory eot~ ~nd thcs mortQ~ any a tithtr ~r~ no1
iuly, pomptly ~nd fully ps~formed, d~xhuged, execured, eifected, completed, complied with and sbided 'ay. 1hM in eitMr or any such ~wM Ih~ said ag
gregate wm mentqned in said promiuay note then romaining unpaid, with interest accrued, and all moneyi setured h~reby, shall bKO+ra dw ~nd pay~
abie fwthwith, p theteafter, at the oprion of said MORTGAGEE, ss fully and completely a~ if alt of the said wms of monsy wen aipin~lly atipulated
to be paid on such day, anylhing in said promissay note or in this Matpage fo the contrary notwithatsnding; ~nd thereupon a thereaftM al tM option of
said MORTGAGEE, without notica w demand, suit at law or in equity, therefore a tF~erea(ter begun, may be prosacuted as if all montys sKUt~d I~eby
had matwed priw to its institution.
7. That in tl~e event thaf st the beginning of w at any time pending any suit upon this Mortgsge, or to fweclos~ If, or fo r~form it, a to enfwp
payment of any claims hereunder, wid MORTGAGEE shall apply to tne Cour~ having ju.isd~ctio~ thereof fw ths ~ppointmMt of a Receiver, such Court shall ~
Fwthwith appoint a receiver of said ~t9aged properfy all ~nd singvlar, irtclud~ng all and singular the incoms. profits, issws and hvenuti frpn wl?~tever
wurce derived, each and eve~y of which, it being eap?essly understood, is hcreby mortgaged ai if specifically set forth and dqpibd In ths prantinp and
habendum clauses hereof, and such Receiver shall Fwve atl the b.wd and effec~ive funct~ons and powcrs in ~nywise entrwted br ~ Court to a Raceiver, ~nd
such sppointment shall be made by such Cour1 as an sdmitted equity and e matter of absolute right ro said MORTGACsEE, N+d without ~eferents b the
sdequaty o~ insdeqwcy of the wlue of the property mortgaged or to the solventy or insolvency of said MpRTGAGOR p ihe defendanb, u+d flul tuch
rents, profin, income, iuves and revenues sha~l be applied by such Receiver according to the lien or equity of s~id MORTGAGEE and th~ p~actice of sucA
Court.
8. To dvly, promptly and fully perfwm, diuharge, exetute, effect, compiete, compty with and abide by each ~nd every ths stipulatiau, ~y~eerta~ri,
cwKlit'ara and covenan~s ~n said promisswy note and th~s mortgage set forth. _ .
9. That in fhe eveM the ownership of the mortgaged premius, or any part the~eof, becomes vested in ~ pason other fhan the MORTGAGOR, th~
MORTGAGEE, its successors •nd assgns, may, w~fhout notice to the MORtGAOR, deal with such sutceuw w suueuor in intereat with reference to this
mo~tgage u+d the debt hereby sec~red in the same mannor as w~th Mo~tgaga without in any way vifiatiny w dixharginp tM Mortysgors' lisbitify hsrt
under or vpon the debl heraby secu~ed. No sale of the premises hereby mo~tgaged and no fwbearsnte on the part of the MORTGAGEE w iri suttesswa r
or assigns and no exten:io~ of the rime for the payment of the deb~ hereby seturcd yiven by the MORIGAGEE or ib ~~tussws or assisns, sMl) operate
ro rekase, discharye, rtadify change or a(fect the o+iginal liabiiity of the MORiGAGOR herein, either in whols w in part.
10. It is specificali~ agreed that time is of the esxace of this contract and that no waiver of any obligatio~ he~eunckr or of tM oblipaTion sr ~
cu?ed hereby shatl at any tirrK thereafter be held to be a waiver of the terms he~eof w of the instrumeM secured herby.
11. In addition to the forego:ng r.io~th?y payments of princ'pal and interest requi~ed by the p~omissory ~ote secu~ed hereby, mwtgagor tovenants
and ag~ces to pay to mortgagee with each monthiy payrr.em an add~rionai sum estimatcd by mwtgagee to be equal to 1/12 of the annual tost of the follow- {
i~: 7
A-All real property taaas levizd or aasessed against thc above descri5ed real eslate. ~
B-Premiums on (ire and windstorm insurance as herein requ;red to be tarried on the improvert~aa?b sifuate on the above described premises. ~
C-Premivms on such mortgage guarenty i~svrance as mortgagee shall from time to time deert? fit to tarry on the loan secured hereby.
Mortgagee shall from time to time notify mwtgagor i~ writi~g of the amount due and paysbk here~nder ~nd suth wm shall therevpon be due and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagw of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of roal property ta:es, insuracxe prem:ums, and mwfysye guarsnfy i~surance
premi~ms. • _
' IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereumo xt his hand and seal the dsy and year fint afwesaid.
i Sipned, Sested and delivered in the presence of: -
, ~/~,eP,~~.. K-.n
j Wi iav Kermes _ ~
~ ~
~ Doris Ker es
~ STA?E OF FIORIDA
~ couNn oF _ i
St. LuciQ
~ Before me personally appeared Wllll s K IIQ4 '
and ;
Dor i~ KPrmec his wife, ro me well known •nd krwwn ~o me ro b. ~
rhe lndividusls desaibed in ar.d who executed the foreyoing instrume~t, and acknowledged befwe me tFat they exaswed the ssme for th~ purposa ~
rherein expressed. And the said_ DOl'i~ KeZmes
wife of th~ said Wi 1 1 iam Kgrsee irpon a separate and priv~tt
~ examinaYan by me taken separate and apart from her uid husband, sckrawledged to ar?d beiwe me that she execvted said insfrument 1tl+ly and volun-
tarily and without any compubion, constraint, apprehension, w fesr of or from her ~aid husband.
$ WITNESS my hand s~d official seat this ~ dsy ~ A, D. 19~~
~ FIl.EO AN` tttCOKOED
~
ST.LUC~Ey a~jRAS ~'~Ota Vublic in ~nd for tM Stat~ of id~ at lsrq~
- aocE. ~ ry
Return To: . CIERK C~':vU~j CCU~y ~O1Tm'u'°^ axp'uea:
~ First Feder~l Savings a loan Associat~on RF~r,RO ~ER=F~~Q-~~~
j Of Fort P~ezce. ~ ~ Nolory Pubfit, Sfob of Florida d to~y~
5 Fpn Pierce. Florida 1w 3i 3 02 PM ~Gy~ My Comeruion E~ir~s OeR ip, 19T6
¢ {~v6
~ . ~ 6onded by Ar.~ricon Fi~;-~ Cosvoity Co. ~
3~~a~8 ;
~ ,.~si+i::: ~
r
~ This Instrument Prepared By RobeZt A. ~.J~',~~`~ `
Swisher Jr. .ub' ?
~ First Federal Savings 8 loan Association ~ . , ~ ~ ~ j
~ of Fort Pierce, Florida 33450 y. i _ '
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