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To plau and contlnuously k~ep on tM bu~tdirgi now w Mr~aft~~ sltvat~ oo saW I~nd ~~d on ail p~ipeMnl M?d pM~onally tov~nd by thk matp~
p~, wi?h ~II pr~miums tMreon pa~d in tull, (ir~ in~wanu in tFr uswl st~odard policy farn, in •~wn ~pprov~d bp th~ MORTGAGEE, u+d wi+?d~rorm
tns~xanc~ In tM vsw) uu~da.d poi~q iwm, M a wm ~pp.wd by tM MORIGJIGEE. In wcA companr or oanpaniN a the MORTGACsEE ena~
dindt ~nd all fk~ ~nd wind~~wm in~~~anu policiN on ~ny ot aW build~np~„ aey MN~~s~ th~r~in w part tMrwf, in tl» apprpN~ ~wn ~iar~saW a
in ~xc~ss tMrwf. iMll oontaln tM uwal ~tand~rd morry~ cl~ut~ or such o~Mr tlauN a tM Ma~9apN en~y rpuu~, makM~p tl» lou unda sad polE
cMs. ~+ch +nd ~v~ry. p~Yabl~ ib ~aid MORTGAGEE a iK iotersW rn~y app~~. ~nd ~ach and wKy ~~rch pol~cy ~il b~ promptly au:pe»d ~nd ddivK~d ro
•ny htld by uid MORiGAGEE a~ fvrtMr s~tv~iry lo ~aid matya~a d~W. a+d, eW I~s th~n tM (101 dsys in ~dvano~ of the ~xpk~tio~ of ~acb polky, to dr
liwr lo aid MORiGAGEE a nMwal tMr~of, top~thN wi~h • nc~ipt for tM pnmiwn of wd~ r~n~w~l~ and dw~ ~hall b~ no fu~ o~ winds~am inwwec~
plaad on sny of said buildings, ~ny intaest the~~+n w put tMrwf, unbss ie ~M form ~nd whh tM Iws pay~bl~ a~forNaidi Md h tM ~wM ~ny wm
of nwn~~ becom~a p~yaW~ urdK wch policy or policip said N~ORiGJ?GEE ~MII haw ~M op~~on ro nuiw u~d apply th~ sarn~ on accoue~ of tM iod~br~d
nns wcw~d Mreby w w pe?mit s+id MORiGAGORS ~o reuiw ~nd uN it a a~y p~~t rlwrwf fa o~he~ purposea, wiihout tMrsbr waivinp w irnpair•
t~p ~ny puity, Ii~n q ri~ht unda? or by virtv~ of tld~ morty~j ~nd in th~ ~wni uid MORTG/1GORS sh+ll for u~y reawn f~il to ke~p tM s~W p~i~a so
tnswsd, w f~11 w d~livK p~omptly ~ny of s~id poticks of inswu~ to said MORTt~AGEE, w lail p?ompHy 1o pay tvlly aey premium ttw~fw o~ ln ~nr
h~p~:t bil b pNforen, dnchuy~. exec~ts, ~ffM. compl~~~, eomply with ~nd ab;d~ by thb eov~nu~t, w My p~rt Mnof. s~id MORTGAGEE m~y pl~p ~nd
paY ta sueh Inswar~u w anr part tMr~of without waivieg or ~ffeetinp aenr option, li~n. putty. o? ~ipht un~ a by vlrtw of this Mwtyap~ Md tM
fu11 ~n1 of tach and ewry wch paymenf shdl b~ inwn~di~tely du~ ~nd py~bl~ ~nd shall b~u inter~st kom tM daq tMrsof uettl p~id tM aq ol
nin~ p~r cent~m pp annum and ropether with tuch inhrqt shall b~ securod by fM li~n ot thls matpap~.
1. To p~rmit, oomenit or sufter no wute, imp~irment a deterior~twn of said p?opwty a any put thenof.
S. To pay atl ~nd iLgular tM costs, chu~es and ~xp~nses. incl~?dinp a nason~bb ~ttorewy'a fM snd awb of sbabacts of titl~. Inqrned or p~W at
any time by said JNORiGAGEE, bscause or in tM ~vMt of. th~ iailurs on th~ pan of ~M s~id MORTGAGOR lo dvly, promptly and fully p~rfw~n, di~cMr~
~xecvts. ~ffect. compkrs. comply wi~h and ~b~ bp ~~ch snd tvery /he ~tip~lations, pre«nenM, eooditioM, ~nd coweynb of said promiuory not~ and th4
mwrpap~ any or ~ldw., and u~d costs. chuges ~nd e~cp~us, ead+ and ewry. ~II b~ irnm~dw»y dw snd payabl~: w1w~M. a~ tMr~ b~ nwiu d?
m~nd, .attempt fo ooIIM o? soit peed~n~j and tM fvll artauot of ~ack and every wch paym~nl ~hall bear intn~st from tM d~q th~r~of umil p~id at 1FK
ra~e of nine per centum ps~ an~um; and alt s~id oosts, chu~ and expsnset intwrd o? p~id. toptlhtr with wth intae~t, ~hall b~ aKUrsd by tM lia~ of thi~
'norl0+p~,
6. 71~st (a) In ~h~ wsnt of ~ny b.euh of this More~a~ w defavlt on tFr part of the MORTGAGOR, or (b) In tF~t ~wnt u?y oF s~~d iwnt of mor»y
herein roferr~d to b~ oot promptty ~nd fully paid within thirty (30) dsys next ahsr ~M sam~ sswrally becane d~» ~nd payable, withow d~m~nd or notic~.
w W in the ewM each and ~wry tht stip~l~~ions, ~gr~emer?ts, conditions ~nd cov~ms of said p~omissuy no~~ and this maqap~ any a eitlw~ an nol
~uh, promprly ~nd fu{ly pKformed, disthar~ed, executed, eifectd, oompl~ted, compli~d wi~h u+d ~bided by, ~hM in ~itiw w~ny tuch weat th~ sud p.
prayat~ sum meMancd in said promisswy not~ then remaininp ur?p~id. wiM ir~terest aca~ed. ~nd all moneys s~cw~d her~by. thdl beown~ dw and p~y~
abl~ fwthwith, or ~Mraafte?, ~t the option of said MORTGAGEE, as ivly and completety ~s il ~II ot the ~aid wms of mon~y w~re wipin~lly stlp~l~ted
to be paid on wch daY. anytFwg in uid promLuory nota w in this Mort~ap~ fo tM conuary notwithst~ndirg: ud th~reupon or thcreahK at th~ optan of
said MORTGAGEE, witho~t notic~ a demand, wit ~t I~w ot in puity, tl~~fwe w thereafter be9wy m~y b~ pro~ecvt~d q if all narKys s~cvt~d Mt~by
had rrwtured priw 1o ib institution.
7. 7Mt ~ the aveM that at rhe be~inning of or ~t any tim~ pend'rg sny wit ~pon this MorfQap~, or to for~clw~ k, or to nform H, o~ to ~nfwp
paymem of ~ny cta~ms hereu~der, ssid MORTCaAGEE ahall applr to tM Cour1 Mviny jurisdiction thereof fa th~ ~ppointm~nt of ~ R~teivN, wcl~ Cowf sh+ll
Fwthwith appoim e receiver of said mwtpsged property all ar~d sirgu~ar. includ~rg all and singular the incom~. profits, issws u~d rtvenws fiom what~wr
soura derived. each e~d every of whKh, it bein~ expressly underi~ood, is hereby mortgaged ss if speufiully siet fath ~nd dewib~d h th~ prantinp ~nd
haber~dum clauses l+e~eof, and such Receive~ shall have ~II the brosd and effective funct~ons and powers in anywiis emr~ut~d by a CouH to ~ R~ceiwr, and
•uch ~ppointmem al~alt be made by such Cwrt as an ~dmiued eqvity and a matter of absduee right to s~id AhORTGAGEE, ~nd without nftrenc~ to th~
edeqvsty or inadequaty of tM wlue of the property mortysyed or to the sohency w inwlvency of said MORTGAGOR or the defendant~ ~nd thai such
renes, profits, incane, iuves ud revenues shall b~ ~pplied by svch Receiver accordin~ to the lien a pvity of said MORTGAGEE and tM pr~ctice of wch
Court. •
8. To duly, promptly and iully psr(orm, distFwrqe, ezecute, eftect, complete, comply v~ri~h and abid~ by wd+ and ~v~.y tM sf'~pulations, ay~~emsnb,
conditiom and covenanra in sa~d promissory note and ~his rtwrtyag~ set fwth.
9. TMt in the event the ownenhip of the mortya~ed premis~s, a any pert tF?ereof, becomes vpted In • penon otl~x .lhan tht MORTGAGOR, tM
MORTGAGEE, its successors and aasigris, msy, withovt not'~ce ro the MORTGAOR, deat with wch waeuor or successor in interctt with reterence to tha
morrga~e and the deb~ hereby secwed in th~ same mame~ as w~th Mortg~gor without in a~y way vitiatlnp or d'+KFwrying tt» Mort9apon' lisbility h~rr
under or ~pwi the debt hereby aecured. No iele of tM premises hereby mortgapad ~nd no Ealxara~ce oo tF+~ put of the MORTGAGEE a in wa~ssws
w auigr+s and no eatension of the time fw the payment of the debt hereby secured 9iven by IF~e MORTC,AGEE or its suct~uors o~ assipns, sh+11 oparatt
ro release, discharye, modify chenge a affett the original liability of the MORTGAGOR herein, sither in wFwi~ w In put.
10_ It h specifiully agreed that time is o~ the essencs of this contract and tMt no waivar of any obligation here~x~der p of th~ obllp~fbn ss.
cured hereby sh~ll at any time thereafter be hetd Io be s waiver of the terms hcreof w of the instrument sewred h~rby.
11. In addifia~ to the fwego:ng monthly payments of princ'pal and inte?est required by the promiuory note secured hereby, mortgayor tpwMnfs
and agrees to pay to mortgagce w~th each mon~hiy payment an addi+ionsl sum estimated by mwt9agee to be equa) to 1/12 of ths annwi cost of the fdbw-
ing:
A-All real property taxes levied w assessed against tFx above described real estate.
B-Premiums on firo snd windslwm insurance as herein requ;red to be carried on the improvemenfs s'ttusfe on tlx above destribed premises.
C-Premivms on such mart9age 9wranty insurance ~t mortga9ee thall from tune to time deern fit to carry on flw ban secwnd hereby. ~
Mortgsgee shall from time to time notify mwtgagor i~ writing of the ~mount due and payable her~ur~la~ and such wm sh~ll tl~wpon be dw and
payable on tlx due date of ~he next monthly paymeM and each succcssive month theresfter ur.til morigagee thall notify mortysyor of a chsrge io wch.
amoum. Such sums sRatl be apptied by mortgagee toward the payment of real property taxes, ir~wnnce prem:ums, ~nd mwtgsye ~uaranty ieswanc~
premiums.
IN WI ESS WHEREOF, the sa~d MORTCs R has here o set his hand and seal the day and, r fint ~f~id.
s~+~ +~d ' ~a of: fILEO :~xi'• kEt;~~tDED / ~
fT, tU:~E :OukTY F~I, ~
' ROCi ~ R~; gu n
~ ~tf.~.~ :J:''~tiRT • ausi
~ nt.,~. ,E?..M~ 4
~ ~ ^ ~t~:;c..~ ~ e . ausl n
; STATE OF FLORI~A o~fi PM ~J '
~ cour,,n oF st .[.uc ie 31939'~
F
~ 8efore me perwnally appeued Panl P~ i_i angi a~
.IaAat L. L3rausi tds wif., to me w~n krwwn ,na known ro n+e ro b.
~ the individu+ls dewibed in and who executed rhe faeyoirg insfrument. ~nd acknowledped before rt» that tMy ~xecuted the same fw tM purposes
~ ~tx.ei~ expressed. axl the sawl .J~net I~ Li aua~
~ wife of the said Paul P. I~1G?~3~? ~rpon a s~paat~ and priv~t~
~ examin~tan by me taken separate and apart from her sa~d husbarxl, sdcrawledyed to ~nd be{w~ m~ that s1~s'e:ecvted said iratrumeM frKly and volvo-
~ rarily and witho~t any compulsion, co~straint, ~pprehension, or feu of w 4rom her ~aid 1wsb~nd.
; WITNESS my Mnd and official seal this ~y of ober 7§
~ A. D. 19
>
5 ~ d ?
§ . NWary Public fw th~ Sut~ of fforid~ u lu~
~ Return To: MY Con?m~ expires:
; Fint Faderal Savi~gs a loan Associal~on ivofory Rhl:t. Slote of Florida a! lar;e
My Co:n.T~ssian Ezr:ras Jviy 22, 1977
Of Fort P~erce. apnded s~ i.~~¢r.tu:~ F:rc b Co:vafty ~y,
Fort Pie~ce, florida
~
F
; . _ , :
c This Instrument Pre ared B Gar F. Ellwood
~ P Y Y _ . -~~-f..._; - :
~ First Federal Savings b Loan Association _ ; - : ~ ~
; of Fort Piercey Florida = ~ t-- ~ • ' . '
;
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Checked By ~ , %Yj'' v sh
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~g OYYI~~~~ '~'h~F~tflllNll~.tit'' .
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