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in~wano~ In tM uswl aandard policy form, in a sum ~pp~ov~d by ~M MORiG11GEE, In wch ~~?pany or aanpania as th~ MORTGA(iEE may
d±r~c+! ~nd all f!n +nd wir~d~w.m ie~sw~r+n polkias on ~ny of uid build~np~„ ~ny iot~rat tha~&+ a pK1 tMnol. fn th~ pp.epaM wn+ afaes~id a~
M~xcas ther~of. ahall con~ain t1» usual st~nda.d m«rpa~ clauw a wd+ aha ciw~ ~M Mwro+w~ ~*+r ~+a~v. mak+~q ~ou w~d.. ..d ~E.:~ 1
cia. Nch ~nd wKy. paYsbl~ w aW MORTGAGEE ~s its intKnt m~r ~pptar. ~nd ~ach and wNy wch policy alwlt b~ p~on~ptly ~as:9~ad and dNivK~d ~o •
~ny MW by Hid MORTGAGEE ~s (ur~her ucvriry to said maty~p~ debt. aod, not bw ~h~e~ tM (10) d~1n tn ~dvanc~ of ~h~ ~xpir~tion of ~ach policy, to da. "'w
I1vN ro ~aid MORTGAGEE a renewal thereof,.toye~Mr wi~h a receipt tor tM pnmium of wch ran~walj and tMn shall b~ no f'u~ w windirorm insuru~c~
pliad an ~ny of saW bviMin~s, any inter~st tMrein a psrt tMreof, unleu in th~ fom+ and wi~h ~M bss pay~bb a~fortuidi and io tM ~wM any wm
of m~oMy b~con+~s p~y~bb ur~ such policy o? policNs s~id MORTGAGEE sMll Mw rM op~ion to r~ceiw ~nd apply tM s~ oo account of tM ind~bt~ ~
Mss secured Fwr~by w~o ps~mi~ uW NWRTGAGORS to nuiw aod va it a a~y part tMr~of fw other pwpos~s, without tM?sb~ waivlnp w impair
i~g anY aqvity. li~n w~iph~ unde~ or by vutw of this mort~ayej aod in thi ~ven~ wid MORTGAGORS shatl fa +ny ?fsan fafl ~o kMp tM aW prNnisa wr^?~
kuviced, ~ fat! to dslivst pramptty ~ny ot said poficieti at in~u~anci to taid 1~WRT~AGEE. or faii promptty io piy fuiiy any prtmivm tM+afor p te sny
n~p~ct fail b pKfwm„ dixhary~. ~aecuts. ~ffM. complett. comply with ~nd aWd~ by this aovMU?t, or ~ny put htr~of. said N10RTGAGEE may plaw and
p~Y for auch insuranu w~ny pa~t th~rwf without w+ivinp a af(ectinp ~eryr option. II~n, puity, or ~ipht wxle~ a by virtw of thit Matpap~. u~d tM
full amovnt of eacA and ew.y wch payment sMll b~ immed;ately dw a~+d payabb ~nd ~hall bea~ inter~st from tM dat~ ttw~of umU paid at tM nt~ oi .
niM pN unt~m pe? ~nrwm and toyWher with stxh interest shali be sscu•ed by th~ litn of th4 morip~pt.
1. To permit, oommh or suffK no w~st~ impai~me~t o? detHioration of ~aid prop~rty ot ~ny put th~nof.
S. To pay all ~+d sirgular the costs, charqes and exp~nses, includinp a r~ason~bb attorne~s_ fN and oos~s of abatr~cls of titb, intwr~d or p~W ~t
any tims by said MpRTGAGEE, b~cawe a in the ~vtnt of tM failuro on th~ pan of tM uid MORTGAGOR.to duly, promptly ~nd fully pwfwm, discha~
execvte, ~ffsct, complet~, oomply with ar~d ab~de by e~ch aod every the atipi,l~tions, ap~ee~nenfs, conditipa, and oown~eb of ~atd promiuar nof~ and thii
mortp~ u~y w~ither. and said costs, cMryes and expenses. each aed ~very, sMll b~ imm~diately dw and payabl~t wMthtr w not tMre b~ notio~ dr
msnd, ~ttempt to col~ect o? svit pend~ry; ~r~d tM fvll amovnt of e~ch ~nd wery such payment ahall Mar interost from th~ dat~ th~nof uMi~ p~id at tht
rste of nin~ pe? cent~m pe. a~num; and all said oosn, char~es and exper?ses incwred or p~id, topether with wch inta~q, shalt M Ncw~d bp tM IiM of thb
mo~?fpay~. -
6. TMt (a) in the ewnt of any bre~ch of this Mwtgay~ w defavlt on th~ p~A of th~ MORTGAGOR, tx (b) In tl» tveM ~ny of aid anm of mon~y _
herein ~~ferred to bs ~ot promptly and fvlly paid within thirty (30) days ~exf afte~ the same sevaally becan~ dw aeld payabl~, without d~mand a notke,
o~ W in tM ~wnt each and wery t!w stipulatiw~s agr~ernenti, conditiau a~d cown~nts of sa~d promiuwy no~~ and this nwrtpap~ any a~itMr m erol
iuly, p?omptty Md fvlly p~.formed. dacM~~ed. sxecwed. ~ifened, compt~ted, complied wirA ~nd abided by. th~e~ lo eifhe? or ~ny wch w~nt tM said ao-
prep~t~ wm t~tntioned in said promiuwy note then remai~ing unpaid, with interest acuued. and all ma~syt ~atured hsr~bY. sh~ll beoorne dw ~~d pay~
abk fwthwith„ q fF1OfNNN~ at the option of said MORTGACaEE, as f~lly and compktely as if all of Ihs sald swn~ of eqtwr vwn «~p~tly at~pu~a~ed
to be p~id on svch day. anythieg in sa~d promiuory note a i~ this MOttgigO f0 1M COntr~ry nOtwitMt~ndinpt ~flf~ tMf~YpW1 Of t~NfNffN N M! Op1iOf1 Of
uid MORTGAGEE, withovt ratice w demaod, suit at law or in p~ity, therafon or NKreafter bagun, enaY b~ prwacut~d a~ if dl n~ys s~ew~d h~r~by
had mawred pr~ior to its inititution.
7. TMt [n the event tl+~t at the beginning of or at ~ny tim~ pendinp any wit ~pon this Mort~a~, o. ro far.clw. h, o? M nform h, or fo ~nfwp
paymem of ~ny claims hersurxler, said MORTGAGEE shall apply to the Covrt h~vir~ juradiction thereof for the ~ppointm~nt of a Rec~ivN, wch Court shall
fathwith sppoint a rsceiva of said mort~ayad property all and sirgular, includ~rq all snd si~?y~lu tht incane. profifs, bsua and r~wnues from what~vK
wurce derived, e~d+ and every of w}i~ch, i? 6cin~ expreuly onderstood, is-f+ereby mwtgaged ss if specific~lly set fonh and d~wib~d ln tM Qr~ntirp and
haber?dum da~sas hereof, and such Receiver shall have all the broad and effective funct~ons a~d powen In ~nywise entrusttd by a Cw~t to a Reeeiver, ~nd
•~ch sppointment sha11 be msds by wch Ca?rt as an admitted eqviry and a m~tter of absolute ri9M to s~id MORTGAGEE. ~nd without referenc~ to th~
adequacy or in~deqwcy of the value of the property mwty~ed or to the wNency w insolvency of said MORTCaAGOR o~ the defendants, and that wd~
rents, profib, incorrM, iswes and revenues shall be applied by such Receiver accordinp to tM Ifen or eqvity of said MORTGAGEE ~nd th~ pwctic~ of such
Court.
8. To d~ly, p?omptly and fully perfwm, discFisrgs, execure, effect, complete, comply wit6 and abide by ead~ and ~wry th~ stipulat~o~a, a~reemanM,
conditions and oovenants in said promissory note and this monyage set for~h.
9. That ln the event ti~e owrKrship of the mortgsped prem;ses,. pr eny part thercbf, becomss vssted tn a penoo othe? ths~ th~ MpRTGAGOR, ths
MORTGAGEE, 1b wcceswn and auipns,, may, witFw~t notice to Ihe MORTGAOR, deal with such waefaor or wccessor in intsrest with r~ference to thu
mort9age and the debl hercby secur~d in ths ssme mamer ss with 1Kortgagor without In any way vitiatin8 or dischargirg th~ Mort~~ors• lisbility hsn-
undcr u upo~ ~he dtbt hs~eby secwed. No sale of the prem~ses hercby mo.tgaged arid no forb~ar~no~ on th~ pan of tM NIORTGAGEE w i» s~aessws
w auigns ~nd no extension of the time fw thQ payme~t of tM debt hereby secured piveo by IM N10RTGAGEE or ib sucosswrs or assipns, sh~1~ opaab
ro rekue, disch~rge, modify~ cMnge or affect the original liabiliry of ths MURTGAGOR herein, eithe~ in wFwl~ ot in part. .
10. It is specifically agreed that time a of the essence of this contract and that no walwr of ~ny oblipstion hereunder or of th~ oblipatan se-
wred hereby shaU ~t ~ny tirtK thereafier be held to be a waiver of the te?ms hereof or of ths k~strwram secwed herby.
11. In adslition to the forego:ng monthly payments of princ:pal snd interest required by the promissory note sec~red hereby, mortga~or cov~nants
and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equsl to 1/12 of the annwl cost of t1~e follow-
Ing:
A-All real property tsxes levied w assessed against the above dewibed real es?ate. '
B-Premiums on fire and windstwm insurance as haein requ~red to be carried on the improvemenb sifuate on ihe above destribed premites.
C-Premnrrrrt on such mortgsge gusranty :insurance as mortg~gee shsll from time to time deem fit to tury on the {oa:, ietured hereby,
Mortgsgee shall frpn time to time notify mortgagor i~ writing of the artwunt due and paysble hereunder snd such wm shall thetevpon be du~ and
payable on the due date of the`next monthly paymem and each successive ma?th theresNer until mortgagee shall notify mort9spor of a change in wth
amount. Such sums shall be applied by mortgagee toward Ihe payment of rea) property taxes, inwrance premivms, snd mortgsye gwranty i~ur~ncs
pre~niurro. •
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand snd seal ths day ar fint aforasa .
Sipned, Sealsd and dslivared in the presente of: .
'i ~ - t~ ~r ~~o~ - n
- ~~~F ~F~' ames A. D' xson J. n
! REC~RD YEFi fE0 COURt ~ n ~
~ imaiie l.. son n
~
~ STATE OF FLORIOA ~ 1S P~
~ ~ ~st. [.ucie - ~ ~ ~ 315454 ~
coun~n oF
~ defw~ ms p~rsonally ~ppeared James A. L•ixson Jr.
~ J~.~le L. D~xSOA his wife, to me well known a krawn to ms to b~
the individuals desuibed io and wFa executed the forepanp instrwnent, and ~dcnowled~ed before me that tFwy ~xecuted tht ~ fw ths purpos~s
" Jimnie L Dixson ~
~ therein ~xpressed. And the ssid •
w~fe of ths ssid .72?m6S A. D~XSOt1 .1l. iipp~ ~~~at~ ~nd priv~t~
~ exsminatan by me taken separ~te and apart from her said husbsnd, acknowledged to and before me ihat sM execufed said Initnrmero ftaely ~nd volwr
~arily aod witF~out any comp~lsion, constraim, spprehension, or feu of w f.om her said husb~nd,
~ WITNESS my h~nd and off~cial seal this ~y ~ Al1Ql1S'C ~ p. 19 75
.
, ve ~.1~,...? /3•
- - Norary v~lic in and for the Su ida d L~r~
My Cotr.miuion expires: Y,• 7'~
Retum To: • ~
a First Fede~a) Savings b tosn Association
e Of Fort P~erce.
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~ Fort Pierce, Florida .~~"~~1,~~~~~~i~~
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~ This Instrument Prepared By Donald B. Hughes ~
~ First Federal Savings ~ loan Association _ , ' ~ ~ ~ ~ ~ _
~ ~ of Fort Pierce, Florida 33450 " ~ ~ =
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~ Checked By . +~OCK p~ ; I. -
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