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J. To plsc~ and confinuoualy keep on the bw,dinps now w he~edq? ~i~ust~ on s~id land and on atl equipmcn~ ~nd p~nonslly covar~d by lhii matQ•
p~, with •II premf~ms ~hereon pa~d m iull, fue inw~ance in the uiwl s~+~xia~d po.~cy !orm, ir~ ~ ~um ~pp+ovad by ~M MORiGAGEE, ~-?d wind~torm
insur~ncs in ths u~u~l s~enderd pol.cy fwm, in • ~um approved by tM MORTGAGEE, in ~uch tompany ur tomptniN tM MORTGAGEE m~y
dir~ctj and all fir~ and w~nJsrorm insvrance pot~c,es on any of fa~d bui{dmys, any inr~r~z1 thsrein or pa~t the~eof, in fh~ apprey~t~ wm aforss~id of•
In •xce~s thereof, slwll contain rtN ususi srandard ma~9agee ciause u such oth.x claut~ u the Morlya9e~ may requ~r~, makinp tM lost unda f~~d po~N,
cie~, each •nd every, payabl~ ~o said MORiGAGEE as ih intere~t may sppear, and exh ~nd ~ve~y ~uch policy shall b~ promptly ~a.yned a~~d dt~~vKed to.
any held by sa~d MORfGAGEE as fur~her sec~riry to ioiJ mwt~age debr, ar~d, oot leu than ten (101 dayt in advance of the •apu~~roo ol e+ch polity, 1o dr •
liwr ~o sa~d MORTGAG'_E a rene+val the+eof, together with • receipt iw the premium of tucF~ renewal; and the~• ~hall b~ no fir~ or windstorm i~+sur+nce
Fleced on any of said build~ngs, any interc~t there~n or parl thereof, unless in ths form and wi~h th~, loi~ payab~s ai •ior~said; +nd 7n the •vsnt any sw++
01 monty bccomes payable unde~ such policy or pol~cies uid MORiGAGEE ihall have tha option to receive and app~y the i+me on accoun~ oi ~he indebted-
ne» secured he~aby o~ ro permil said AAORTGAGORS to receiv and uw it p~ny part thereof lo. orhe~ purpoars, wEihout Ihe~eb/ waiving or unpair• ~
iny any equ~ty, I~en a r~ght u:~der or by vir~ue of this mo:t~a9e; ~~d in the tvcnt ~a~d MORTGAGORS shall fo~ any reason fail to keep the s+~d p~emiu~ w .
iniured, o~ (ail ro drt~ver promp~ly any o( sa~d {wl~ues oi insura~xe ~o ia~d MORTGAGEE, o~ fait promptly fo pay tvlty any p+em~urn therefa a in eny
respetl (a<< <o-per(orm, discharge, e:e<~te, efFett, comp:ete, comply wilh ~nd +bide by th;~ covenant, w ~ny parl Mreof, said MORTGAGEE may plate ~nd ,
pay fa such insurance or any part thereof w~rAout waivirq o~ af(euinp any option, lien, eqv~ty, w ripht unde~ or by virtue of this M.ortgape, a~d tht '
full amount of each snd every such payment shsll be ~~nmediatrly dw and payable and ~ha~l bear iMerest frar. tlw dde thereof until paid at tM wt~ 01
nine pe~ cent~m per annwn and to~ether with suth ~nterest shali be secured by the lien of this matysge.
4_ To permit, commit or fuf(er no wafre, impairmtnt a deterioreYron of said Qroperty M any part thereof. . ~
5. To pay all and singutar ths costs, charges and expenses, includiny a reaionable ~ttwney's fee and costs of abst~xtt of title, irKUrrAd p p~id at ;
en iime b uid MORTGAGEE, betause or in the evem of the ia;iure oo t1» r1 of tM said MORTGAGOR to dul rom tl ~nd full fwm, d~xher ~ #
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execute, eHect, complefs, comply w~rh a~d ab;de by each and every the stipula~~ons, agrcemants, cond~tions, atld COVfMOff O~ sa~d promissory note and thii
mortyags •ny or ei~her, and sa~d cos~s, chtr9es and expenses, each and avery, ihall be immediately due and pay~ble; whether w not ther• be notiu d~
mand, attempt to coliect w suit pend~ng; end the full amounl of esch and every svch payment shall bea~ ~nteresl from the dafe thereof until p~id ~t the
rate of nine per centum per annum; and aN said coa~s, charges and expenses incurreiJ or paid, togcther with tuch imerest, shall b~ kcured by tiw iitn o1 thu
morr~~y~.
6. That (a) in the event of any b~each of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any oi a~d t~mf of monsy
herein refeued to bo not prompHy and fully paid w~~hEn th~rty (30) days nea~ after the same seve~ady becane due ~nd payable, without demand or notice,
or in the event each and every the atipulsiiau, agreementt, co+:d'+!ions and cove~anrs of sa~d promissory ~ote ~nd th~s mwfyp~ ~ny w aither ar~ no1 !
iuly, p?a~np~ly and fuliy pe~fwmed, d~xhargrd, execured. eifected. comple~ed, complied with ~nd ab~ded Sy. tl+~n in either a any iuch ~v~M ~M said ag ~
gregate sum menrwned in said promisaory note then remaining unpa~d, wi~h i~terest accrued, and atl moneys teturad heraby, shall become due u+d pay-
ab!e forthw~th, or thereafter, at tbe oprion ol sa~d MORiGAGEE, as tutly and completely as if all of ~he wid wms of money were orpinally i~~puleted
to be pa~d o~ auch dey, eny~hSng in sa:d prom~sswy note or in this Mortgage to ~he conrruy notwithsrand~ng; and thereupon u thereafte~ +t ths op~~on of
sa]d MORTGAGEE, w~thout nonce w demand, suit at law w in equity, ther~fa~e w thereafter bepuo, may be prosec~ted as if ~II mo~eyt secured hereby ~
had matured pnW lo its institvhon. ~
7. That in the event ~har at ihe beginn~ng of or at any time pending any suit upon this Matgsge, o. ro fweclose it, o? to refwm it, a to enfwc~ ~
paymcnt of any claims hereunder, sa~d MOR~GAGEE shall apply to the tourt having ~urisdiction thcreof fa the appantment of • RKeive~, s~ch Ca~M shall
forthwith appoint a rcceiver of said mwtgaged property all and singuls~, includ~ng all and singula~ the income, profits, iswes and ravenvef from whatover !
source derived, each and evcry of wh~ch, it be~ng expressly unders~ood, is hereby mwtgaged as if speaiically set forth ar~d described io tM pr~ntiey and ~
hahendum clauses hereoi, and suth Rece+ver shatl t~ave all the broad and effective funct~ons and powers in snywiu enlrusted by a Cou~t to a Receiver, and
~~ch app.~intment shall be made by such Cour~ as an admitted equity arxl a matter of absolute right fo said MORTGAGEE, and w~thouf reference fo the
edequacy a inadequacy of the value of the property mortgaged or to the so~vency or insoivency of seid MORTGAGOR a the defendann, and that such
re~ts, profits, irxome, iss~es and revenues shall be applied by such Receiver accord~ng to the lien or equity of taid MORTGAGEE and the practiu of suth ~
Court.
8_ To duly, p~omptty and fulty per}orm, discharge, execute, effect, complete, comply with •nd abide by esch am! every the stipulations, agreements, '
conditiona and covenaros in sa~d promissory rsote and this mortgage set forth.
9. That in tF.e event the owne~ship of the mortgaged premises, or any part thercol, becomes vesled i~ a person other fhan the MORTGAGOR, th~
MORTGAGEE, irs succeuo+s ar.d a:s~gns, may, w~~hout notice to the MORTGAOR, deal w~th such succeua a~ wccessor in interest wiTh reference to this
mortgage ar.d the debt hereby sccured in thr same manner as with Mortgagu w~thout in eny way vitiatmg a dixM~ging ths AAutyagors' li~bility herr
urder or upon the deb~ hereby securetl. No sa~e of the prernixs hereby mortgaged and oo forbearante on the put of the MORTGAGEE u its succeuon
or assigns and no ex+ens~on of the time for the payment o( the debt hereby secured given by the MORiGAGEE w i?t svccessws or aas~gns, shall operats
ro release, d~scharge, modify char+ge w affect the original liau~lily of ~he MORT6AGOR herein, either in whole d in part.
10. Ir is spec~fically agreed th+~- time ~s o~ the essence of thFs contrsct end 1Mt no waivM oi a~y ob~igation hereunder u of the obligation te-
cured hereby shalt at any tin~e thereafter be held to be a waiver of tfie terms hereof a of the instrument secured he~by.
il. In aud~nc~ to the forego'ng month!y payrnents of princ pai and interest requ~red by the promissory no!e secured Ixreby, mortgagor cov~nants ~
and agrees to pay to mortgagee w~th each monthiy pa..:~ent an add~rionai sum esnmated by mortgagee fo be equal to 1/12 of the annual cost of the follow-
~ng: ' '
A-All real property taxes le•.~ed or ass~sse~ aya~~st rhe above dexrihed resl estate.
B-Ptem~ums on fire and wincistorm insurante as herein requ;red to be carried on the improvemenri situate on the above desuibsd prem"ues.
C-Premi~rrs o~ such rnorrgage guararty irsurar,ce as mortgagee shall from t~me to t+me deem fit to carry on the ioan secured hereby.
Mortgagee shail irom ti~ne to time not~fy morrgagor in writ~ng of the amo~nt due and payabk hcreur+de• and such wm shall thereupon be tlue ~nd
k payable on t due date of ttr_ next month:y payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
! amount. Syt~sums shai! be aFp!ied by morrgagee toward the payment of real property taxes, insurance prem:ums, and morigage guaranty insurance
i p•emiums-~ i -
~/ITNE ` E s MbRTGAGOR has hereunto set his hand and seal the day and year first sfwesaid.
~ /~i~ned, , e~ the presence of: ~~p~ , ~J ,
, l < <r~~ -I . ~~~7: (Seeh
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i ~ ~pppEn POni~ William D. Crowe n
~ ` _ CLE(~-~CiRDU17•.~ ~
RECORDYERlf1ED rrs.C~' -~Lr~~J i5e•q
; ~`~anice B. Crowe
~ - -
~ STATE OF FLORIDA / ~ ~ ~ `
~ st . ~u~ ~e ~ 32~2i5
COUNTY OF
Befae me personally appeared Wllilda D. CYOMiC
Janice fi. Crowe his wife, to me well known and known to me to be
the individuals deuribed in and who executed the twey oiny instr ment, and acknow{edyed beiore me that ihey e:ecuted the sams fw tM purposes ~
iherein expressed. And the said Jan1Ce Crowe ~
w~fe of the said W1111dID D. Crowe upa+ a sepuate ~nd privat~
e:amination by me tcken separste and apart from her said husband, atkrtowledged lo and before me that she executed said inslrumeM freely ~nd volun-
rar~ly and without any compulsion, constraint, apprehens~on, w fear of or from her said husba~.
7
WITNE55 my hand and official ual thia t~~u!~ day of January a•p 19 . 7G
~ ~ ~t~ i3-
" Notsry Public in ~nd ~r State of Florida at luy~ ~
q My Comm;uion expir • C 3 p ~ t~ ~ -
~ Retum To:
~ First Feder~l Savings 3 loan Associet~on ^
~ Of Fort P.e~ce. `~~~~tltt~`~tJ~I~~~ ,
Fort Piarce, Fbridj ~ y ~4
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This Instrument Prepared By Donald B. Hughes ?3 ' "
First Federal Savings 8 loan Association : ' L ~ = ~
of Fort Rierce , Flor ida 33450 0' 7~~L. ;cS'+.•• a y lA~ '
- $u ~.;K ~ ' ~ • :
~ Checked By ~ . C'~'•• _ . , _
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