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To plac~ and continuaisly ktep on th~ bu~!dinys now a Mr~~htr Wt~at~ on said lu~d ~nd on dl puipmtnt ~nd pKtoe+~ilr cownd by 1hi~ mor~g
p~, wi~h ~11 prsmivmi the~eon pa~d in full, fire i~s~ranc~ in ~he uiual sund~rd potKy fwin, in •~um appro~~d by_ th~ MpRTGAGEE, ~nd wlnd~torm
inwr~nc~ in tIN ~sud ~tandard pol~cy fam, in •~um ~pprov~d by tM MORTGAGEE, ln wch company w comp~niN as tM MORTGACsEE ie~ay
dinctj ~++d aU (tr~ ~nd wMdsro.m inw~ai+u pol;cies on any oi Nid build~npw any int~r„t ~h~r~in o~ pa~t lhsrwf, in tl~ apq~~y~r~ ~ven afor~wW a
in ~xt~a tMr~of. thai~ com~in th~ vwd itaodard mort9pe~ clwH a-wch otMr clwN as Ih~ Mor~papN may rp~in. ma?inp IM bu v~de~ sad polb ,
ci~s. ~~ch ~nd ~vay. p~Ysbl~ ro u~d MORTGAGEE its intsre~t may ~pp~~?. W+d ~ach u~d ~very ~~ch policy ahall b~ promplly uipn~d N,d dNivN~d ~o
•ny Mld by iaid MORiGAGEE ~s iv~~her security to said mortpsy~ debt, ~nd, not leu tMn hn (10) dayf 1~ advanc~ oi th~ ~xpir~tion oF ~ach policy, ro<M-
UvN to said MORTGAGEE • rtn~wal thu~of, foo~th~r w{fh a reoeinl for tlr or~rn{wa of wch rtn~way and 1Frr~ ~hall b~ ew fir~ w wU~dstam inwr~nt~ '
pl~c~d on ~~y of uid b~ildi~g~. afly I11tNN1 tANOlfI Of p~rt th~~~of. unleu i~ th~ torm ~nd with tM loss p+y~bl~ ~s atornaidt Md 1o tM ~wnl any wm
of moMy becomp payabl~ vndK wch policy a polici~s said MORTGAGEE aMll Mw tF» opt~on lo recciw u+d ~pply tM s+rn~ on ~cco~?nt of ~h~ Ind~b~ed~
n~ss secwed hsrtby a ro p~rmit said MpQiGAGORS to ~~uiv~ and uu it orany put th~reot fw orher pwposs~, wirhout th~reb~ waivinp u rnp~ir• ~
tnp ~ny pviry, lien w right undsr a by vlrtw of this morty~~J and i~ 1}w ~vent tiaid 11I1QRTGAGORS sMtl (w ~ny t~awn fai) fo ke~p IM ~aid pnnus~s w
Inswed. a f~il to d~liv~r prwnptly any of saW policks of iniurance 1o sud MORTGAGEE, a fail promptly to pay fully ~ny pr~mium tFw~~fo~ w in ~ny ~
rtip~ct f~il to pKiwrq, d~schuge, ~xecv~e, efFect, complah, comply with and ~bid~ by thH cov~nant, a ~ny part hKwf, s~id MORTGAGEE may plap ~nd `
psy fo~ ttKI1 FltlUt~tttQ O[ any part tturtof witt:ovt watvlnq ~•ffe~ttrp usy optton, llar+, a~airy, ot ri~ht uc?dar ot by virtw of shfs Alartps~s, s~-~d tht
tvU anw~m o1 each and ev~ry such payment shall b~ imrnedi~t~ly d~s snd pyabl~ and shall bsar inttreit from tM dat~ thereof until paid ~t tl+~ ut~ oi
niro pN centum per annum and fogether with such i~te~est shatl 1» iscured by th~ tiM of this matp~pe. .
1. To ptfmit, commit or wffa no wute, Gnwi~meot w dcterioration of said propKty or any part tMreof.
S. To pay all and ~irgutar th~ costi, tharpN ~nd ~xp~nse~, includinp • r~a~onabk Ntaney i fs~ aod cost~ of ~bttracta of title, incwred a paid a1
~ny time by ~aid MORiGAGEE, b~caus~ a in th~ evtnt of th~ failurs on tM pan of tM uid MORTGAGOR to duly, promptly u+d fvlly pMiwny d~xhar~~,
•xecut~. ~ffect. complet~, comply wtth and ab3de by exfi and svery the,stipu~~tions, apreements, conditionw, ~nd oown~nb oi said promis~wy noh and thi~
matyaye +~ryr a ei~he~, and ~a~d costs, chupea ~nd ~xper?se~„ each and ~vay. sMll b~ Grunedid~ly dw and pay~bl~= wMtlx~ a not th~r~ b~ noric~ dr
mu~d, antmpt to tollecl or ~uit pend~ngj ~nd tM full srnovnt oF eat~ and every wch payment aMll bea? interqt from IM d~q thereof until p~id ~t the
rate ot nine per centum per a~uum; and alI said costs, char~as and exp~nses incurr~d or p~id, Iop~Iher with iuch inttreit, aMll b~ Nturtd by 1M li~n of tFtN
mat9+ya -
6. Tf?at (a) i~ tM ewm of ~ny breuh of tha Mortgag~ or defautt on tl,~ pa~t of the MORTGAGOR, a(b) in ths ~wnt any of sa~d tums of nwn~y
he~ein refcrred ro be no~ p~omprly and iully paid within thirty (30) d~ys nex~ aite~ the same ~sverally become dw ~nd payabl~. W11IWVt ~m~nfl O? IIOfK~.
w(~ in ~he tvent each ~ed every the itipulations, aprKrr?enn. condifiwa and cown~nts of said promiuwy ~ote and this mort9ap~ any a ~ither e~ ~wl
~uly, promptly aod fully ps.famed, d~xMrged, executed, effected. completed. comp~ied with and ab~ded by. ~hen in ~ith~r or ~ny such ~wm t!w s~id a~
gregate wm me~taned in iaid promisswy note the~ remainin~ unpaid, with interest acuved, and all moneys securad he~ebY. sMtl betort» dw and p~y~
•ble forthwith, or thereafter, the optan of ssid MORTGAGEE, ~a fvlly and completely as if •II of the aaid wms of money wen wipinally ~tipul~ted
to 6e paid on tuch day, anythinq in said promissory note or in this Mat9age to the contnry notwilhstandirg; and%the?~upon or ihereafier at the oplion of
asid MORTGAGEE, wirhout notice w demand, suit at law o~ in puity, therefor~ a the~eahe~ bep~n, may be prosecvted ~s if ~II morays s~wrd hereby
hsd matuted p~ar to ~n ins~~wtion.
7. TMt i~ ths event tMt at the beginnirg of w at any time pendinp ~ny wit upon this Mortgsye, or to fweclos~ it, w to refo?m it, or ro enfwo.
paymenf of ~ny clsims herevnder, s~id MORTGAGEE sMll spply to the Court Mving jwisdiction thereof io? the appointm~nt of a Rscelyer, such Cowt sM11
fwthwith ~ppoiM a.eteiver of ~aid mortpaged property all end :ing~lar, includ~ng all snd sinyvlar the inconw, profits, hsws Md rwem~ca from whateve?
source derived. each arx! wery ot whrch, it beinp expresaly understood, is hereby mortgaged p if specifically set fonh and dewib~d in the pr~ntinp ~nd
hsbend~xn d+~ses hereoi, and such Receiver shall Mve all the broad and effective funci~ons end powen in anyw~se em~u~t~d by•~ Cowt ro• Receive?, ~nd
~uch appointrt+cnt shatl be made by ivch Court as an admitted equity and ~ m~tter oi ~bsolute ri9ht to uid MORtGAGEE, and without reference fo tl+~
adequaty w inadeqvacy of ~he v~lu~ of the property mortga9ed a to the sotvency w i~solvency oi u~d 1MORTGAGOR o/ ih~ d~fendanri. and tFut svch
rents, profib, income, iss~es and revenues shall be applied by iuch Receiver accord~ng to tM lien or equity ot s+id MORTGAGEE and the practite of such
Court.
8. To duty, promptly and (ully perfam, diuharge, execute, effect, complete, comply with and ebide by each ~nd w~ry ths stipulstiont, apreem~nb,
conditbm and covenents fn sa~d p~omissory note and this mortgage tet fath.
9. That in the event ~he ownenhip of tF~e mortgaged premises, a a~y psrt thercof, becanes ve~ted in s penon other fhsn th~ 1NORTGAGOR, th~
MORTGAGEE, its wcceuon ~nd auiyru, may, without notice to the MORTGAOR, deal with wch wccessor w succesaor in intR~s~ with refe~ence ro this
mortga9e and the debt haeby secured in the same maruier as wifh Mortgagw witho~t in ~ny way vitiatinp w distharying the Morf9a9o~t' Ilability h~rw
under or upon ~he dabt her~by secwed. No sale of iM pramacs hereby mo~tg~ged and ~o forbearance dn the pan of di~ AIIORTGAGEE w iri wcc~uws
or aui9ns ~nd no extension of the ~ime for th~ paymem of ~hs debt herebr secwed ~iwn by th~ MORTC,,~?GEE or its sucoeuors or aui~ns, th~11 operst~
to rele~se, dischar~e, ~fy chsnge or af(tct the original liab;lity of the N10RTGAGOR he?ein, either in whole p i~ pi~y
10. h h speciticalty sgreed that ?ime is of the esunce of this contract and tM1 no waivK of aMr obligation hereunder p of th~ oblip~tion se-
cvred hereby shall et •ny time thereaher be held to be • waiver of the terms hereof w o} the insuumeM iecured herby.
11. In add~tia~ b the forego:ng monthly pa~ments of princ'pal snd interest required by the promissory note secured F?ereby, rtwrtyagpr tov~naMs
and agrees ~o pay to mor~gapee w;rh each monlhly paxment an add~~ional wm eulmatqd by mortya9ee to be eqv~l to 1/12 of the~anrwal cost of the foliow-
irg:
A-AI~ rea~ property taxes lev~ed w assessed agai~st ~he above described reat estate.
B-Premiuins on fire and windstwm insurante as herein requ~red to be csrried on the improveme~h sitvats on the above desaibtd premises.
C-Premiums on such mortgage g~aranty ir.surance as mortgagee shall from time to time deem ~it to c+rry on tht Iwn secwed hereby,
Mortgagee shall from time 1o time noti~y mortgago~ in writing of the amount due +~d pay~ble herevnder and such sum shall thereupon be due ~nd
~ pay~ble on the due date of the next monthly payment and each successive month thereafter ur,1i1 mwtgayte sha11 notify mortgagw of ~ cha~ye in wth
smount. sums ahall be apptied by morfgagee toward the payment of real propeAy taxes, inwrante prem:~rtu, ~nd morfgape 9wranty i~uurence
premi
~~I N(ITNE E si RTGAGOR has hereunto tet his hand and ual the day and year fint ~fwesaid~..~
~ 1 ed the presence of: ~ ~ ~
i ,~t
' , f ILED p~~~ p~~tY i~~• ~*(1 Q,~~ Tl ~ DQ l/._~~Q tX~ ~'Yke-~
i f ST• ~
~'--'~~~jRAS Rt Beatrice Dickerso~ ~~n
f.,{ c~,~o cou n--n
E -
~ a`~`.~.. , M,~K - ~=o
i S1ATE Of FLORIOA ~~to 3~L3 • . ~
st . ,.ucie ~ 3~.8~.
courvnr oF
Befo?e me Fenonally ~ppsared ~atrice Diekerson, a sinqle adult
~
to ms well krawn ~nd know~ to me to b~
ths individwt deuribed in ~nd who exetuted the foreyoinp Instrum~nt, ~nd scknow{edped be{ore ms tMt ~M ex~cuted ths same for tM purpos~s
thereie ~xpressed. ]mett~Yat~
~
~ K~ ~
! WITNE55 my Mnd and offici~l seal tbi ~ dsy OCtO~QI A.. d. 19 75
~ ~ ~
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E Notary Public in ~nd for tM ate of F ~t tup~
E My Commisiion eapirp: .
~ Return Ta ~
fint faderal Savinps 3 loan Association
Of Fort P:erce.
~ Port Pierce, Florida ,
~ '1
~ '
~ This Instrument Prepared By John W. Collins ~~>'~,U'~~,,.-
~ First Federal Snvings & Loan Association _ . : ~ f.~: -
of Fort Pierce , Florida ° ~
~ P 2~ rr2093 - ~ ° W- _ . ~
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a Checked By y C
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