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3. To pl«e and comieNwusly k~ oe the buildir~ now a~.wnafh~ a~tvsa on atd 4r+d and on aH qv~w~ ~ Pp+a+~h? ~+~~d ~~^+a~? i
ap~, witl~ ~il p*~enlum~ tMrwn p~id in fvll, fin Muu~vl~e f!n ih~ vKr~l alandud polkY fa~r.. in • suM ~pprowd by IM MORiGAGfE. and wi~datonw .
ir.pa~na w? th~ usuai at~nd+rd ~olK1? fan4 h ~ s. +p~owd h1? tM MORTGAGEE. In wcA tiomP~+Y ~~?A+~si~s a tlr MORTW?CrEE n+ar i
dindt Md ~II ::n snd wirdsromt inwnr+u:. polkia- on +nY of s+i~ b~iWirq~, any fnhrss~ tMt~b o? p+Nt eMnof, In t!r pQrp+~e sww afonWid w ~
b ucaa tl~~ol. ~hall oom~in ~iN wwl a~n~ard eno.~paq~s d+ua~ a wch ai~ clauM a tM JNorlpspM m+p nquir~. nykY+o dr Iw~ ur~ ~+id poli
dw .+d~ and we.Y. ~aye~. a wad :YIQRTGI?GfE a in i,u~ns~ n~.y .pp.ar. and .ach and ~wry wd~ polic~? ah~fl b. pro~npUy ~:p~ed snd det~ra.d w
aeqr hdd by Nid NIORTGAGFE u furrF~ ~ecv~iry ro seid morroa~ d~W, ~~d. ~01 I~u thu~ Nn (1~ da~n M~dvaaa oI Ih~ ~xpkatio~ of ~ad~ pc?~icy. to d?
-fiva b~aW MORTGAGEE ~ r~w~l Iteaeol. wpttM? with ~ nc~ipt for tfi~ pner~iuen at wd~ rNhwd: ~nd tMn sMll b~ ao 1ir~ o? windstae~ inw~~+c~ .
pliad on s~r of ~id bvtldinp~. ~n~r tn~er~n tMna~ a pac~ th«wf. w?less In ~M lorm and wi~l~ ~M loss p~rabN w a(ons~k4 ~nd M tM any win
of mo~y b~com~s p~yabt~ w+d~r wde poFicy w pol3ci~s ~:d MORTGAGEE ihall haw tM option b nc~tw ~wd ~pply /M swn~ on ~1 ot ~M M+d~btd~
nas ~erd Mreb~ a a p.rmit s.id NWItTGAGORS ro naiw aed uw N a~~r pa?~ tAs.wf fa aha pwpo~u. witAou~ 1Fwraby wa+viap a lmpak•'
t~q +~r puib. lia+ a rtpht undN w by vi,wo af tAa mnrtyap~~ ~+d in fM ~YM~ Nfd lMORTGAGORS 1MII f0! Mly fNi011 f~N b.ItNP tIM MW p?NniiN !O ~s .
~wed or r,~t a d.~iw~ aw++P~h .~y of s.~d Pasc~.s o~ uau.~o. +o s.~ µokTC~?t~, o~ f.~i ~o~.r b wr t~iy ~,y w.~v~ a a+ a~r i_~ ~
nap~ct fail to pKfam, d3uhary~. ~x~cvt~. eff~ct. comPbM. oompb with ar?d abtd~ by Nds cow~wM, a~ny paA Iwwf. saki NIARTGAGEE n?~y pl~n ~r?d ~
P~Y fa wch kauranc~ ar anr put tMrwf without waNinp a aff~dinp anr op~ioo. ~i~, a4uitl?. or rtpAt u~der or by virtw oi thi~ Ma~9~p~, ard ths
fut! a+nwiet of s~d? and w~y suth p~ym~nl shall M inveNdiat~ly dw a~t! p~Yabb s~d sh~f! b~u IntKSSt from tM dah ther~ol w?tU paid at tFw raN of
n~e pK t~ntum p~r ~nrwm aqd top~thsr wiln wch int~rat ihail b~ secured by 1h~ tiM O~ tNs tnortp+p~. . ;
To permit, oo~mit o~ wffK ra wast~. impairment o? d~tertwstior? of ~id prapKty or anr prt thenof. ~
S. To pay ~II aad ~inpvlar tlw coqs, cF~pa +nd ~xNaw+. ~ncludinp a r~asaMbb anorer{s fN and cosb of abdrads of tHl~. lncurr~d w pNd ~t '
avy Hm~ by s~id AhORTGAGEE. Muu~ a tn the w~nt of tM fulun an tlr part of tM said MORTGAGOR w dv~Y. proenpNY ~Y P~~ ~R
~xecvt~. ~ft~et. eamPkt~, comp~Y wi:h and ak?id~ by ad~ and ~w~y tlw sti~eiom. +~~ts. oa~d'itior~. and aow+w~M of said praniswry rwt~ aai ~hi~
morpap~ aoy a ~i~Mr. ~nd ~id oosts. chup~s and expa+~es. ~sch ~nd ewry. ~MN b~ iirtnwdlat~ly dw +ed p~y~blet wMtha a nw tMr~ b~ notia d~
m~rKl, att~npt to ea1~N er wit Pe~li~Or md t1N tutt anaw?t of ~aeh ~d; rw.y weh paym~e+t sMN b~a. inb.~st from tM dm tlw~of ~,?til paid N tM ~
r~t~ of o~n~ PK o~u!~^ Pa +n~x+m: and aN said oo~b. cF~r~a ~nd exp~nsa inaund o~ piid, top~tiw with wd~ Mtawt, aMU M wurnd br 11w Uwt of ttw
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6. TMt W tn !~.~w~+t of any brexh of this Monyap~ w defavll on th~ part of tM MQRTGAGOR, or (b) In tF• went any of s+jd w~m o~ e~wMy .
Iwrein nfiw~d ro b~ +af promptly and fully p~i~ wi~hin thirty (30) days next after tM sa~w s~vNally beconk dw ~nd paYabl~, without da~w~d o? natiq.
or (d in t!» aweq s+d~ and ~wry ~M s~ipul~~caw +~•+an~nts, eadirions and eownx+ts i,f said pcants:ory ~ and tFre awrpa~ any a~iMw a» ew~
~+~Y. P?omPth and fvll~cpaf«m~d, di~cFwged, ~x~cvt~d. ~ff~cud. canpl~qd. oa~pl~d wi~h and-aDidld by: Hwn in ~itMr ar. anp. wch ~wM tM wid q.
Qreyat~ wm msi?tioned in said promissory rwte then ram~i~inp v~paid, with interesf ::~ved, and all mw+tys wcw~d hasb~r. siwll b~oon» dw and p~y~
sbb fonhwith, ix rMrsaftcx, the optan of aaid MORTGAGEE, u Fully ad oompbtely ~s H ~I) of: tht said sums of moMy ~r~ a'g'm+liy ~tip~lsted
to be paid on such day. uMhi^9 fo ~a7d prom~uory note w in thb Nb.bap~ ro th~ co~nary nawi~Fat~nd'u+pr ~+~d. rhar~upon or tht~uNM af fM op~ion of
~aid MORTGAGEE, without ootia o~ dema~+d. wit at I~w• ~ in p~itY, tMrefw~ or tFMr~ahN bepvn. ~+sr ~ praKwed as H all nwrwys ~~aw~d I~eby
h~d trlafund ptbl hJ iri IMtitutioel. ' ~ . ' •
7. That 6r? ~h. .veM d,ar .r th. beg'~nncnp•of o..t «~y tim. pendinp ~nr suit upa~ rhis Mwtp+~. bi w fo..cb~t h. « w..fann h. o. to eefww
paymsru of aeiy dainu h~rwoder, s.fd MORTGAGEE shatl spply ro ri+e Covh hwiriq jw:u~crion rh~?~eof for ~h. ~ppuintrna+t of e Rao.iva. s~th Caxt sl+all
Fwthw(th sppoN+t a_recalwr of said mwt9ag~d prop~rty ~II ar?d sinQvla~. irxlodug al~ and tinaulat ~ i~+C!omf. Profit~„ hseq and nvNN+a fran wMNwt
wixa dNived. ead~ and ~v+ry of wh~ch, it bei~+0 ~xpressh ~nderstood, is 1+ereby mor~yaped si yt sp~cifiullp sa fonh and dacn'b~d in tM pwnrirp and
hab~+dwn clauta hereof, and wd+ Receivsr shall Mw aIl the broad and ~Nective furKt~aa and powe~s 6~ anywi~e a~?twatd by ~ CouH to a R~aiwr. a+id
wd+ ~ppointmsnt sMaq ba rt~sde by wch Court as adnirnd equity aod a~nstta of absolues ripht p satd MORTGAGEE, and witiaut ni~rence to th~
sdeqv~cp or in~dpuxy oi tIM valw of ~he propaty maf~ed w to the soNency er iraotvency of said MpRiGAGpR p the d~feedants, and tlyt such
ren?s, profinV incan~, issws ~od r~venws sh~11 -b~ applied by such Rsceiver aaardi~g to tM IiN+ a.puiry of aid MORTGAGEE and tM pnctic~ of wch
Covtt. - ~
8. To duly. PromPtly and fully Firfon+i: dischaiqi, ~xecvf~. ~ffect, ewnRlefe. ~~ply wftl~ a~d abide bY e~ a~d ~wry tM stipu{atio~r„ ~pr~u.
mrnGians and cove~+ann in .aid pramisfa.y noN sa~ fh4 mongp~. s.t fonlr'. . . c. ~
9. ihai in ths svent tM ownet~ip of, tM mortp~e! premises, a any paH th~wf: b~oa+i~s .vqNd Jn s- puwe Ollw~ than th~ MORTGAGOR, th~
MORTGAGEE. in sucussws and , au~yrM, ~y, witFwyt _ ~q~~c~ ro. tM .MORTCA~t, de~l witj? wd~ auu~awi a succes~a : in, iQtapt with r~faenc~ to thts
mort9ap~ u~d th~ deb~ i?e.sb~ secwed in the tame mama ~s with Moaryagw without &r ~ny way vitiatkg or ~~Inp tlw Matqagors' liabiUty hen-
vnder o. upon tlie debt her.by seaxed. Now~ of tM P~amkes.herebY eno~t9q~d-~+d fab~awncs oh tir pn of•th~ MWtTGAGEE ar Ns waeswn
o. +uip~s ~nd no ex~au+a+ of the tia~e E4t ,tM p+ym~nt of tM,d~M heraby secw.ed Qiv~n by ihr I~ORTGI?GEE w in wcan~ws or a~sipns, ~MII operate
. to ~el~, d~sch~~..modify change a affect th~ w:pinal liab~liiy of th~ 1NORTGAGO~E Iwn'wy.titber in whole or~ln puf.'
10. h is spedficslly syrced rMt tirse b of. ths euroce of ihis contrxt and that no wsiwr of ~ny oblipatan Mreunder or of th~ obtipation sr ~
Q!!!d M!!~ 3FN~I il My fit110 tFllfNltlt b~ Mld to b~ a w:~ver of the terms hereof w of th~ &?strumeM secwed Mrby. ~
11. In add~tion to the Facgo:ng monthly paymenfs of print:pal and interes! reqvired . by the promiswry note securtd h?~eby, mortQ+yot cov~nsnti
and ~yrees ro pay to mortye9ee with rach mon+AlY paYmcnt an ~dditional sum estimated by mortyagse to be eqwl w 1/12 of th~ ww~l cost of the follow-
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A-All ~eal property taxes levied or sssessed agaie~st the above destri~xd real estats.
- d--Premiwns oh fire and w~odstor~m iwxance as #icrein requKed w'be car~ied on th~`in+provawenb sitwt~.on tl+~ sbow desv~ed premlua, - .
,..C Pretniyms on such nsortga9e' guaranty inu?rK.u ss mortpapN slull from t~me to tirne d~aen fit ro urry ~on tl+~ loan s~cuted hireby. :
Ahorty~pee sha{i from t~ms to time nojjfy mor~ga9w in writing of the amoum dua snd payable hereurd~r and wcfi wen shsU N~ereupon be dve and
paysble on the due- date of thc next momhlY paymcM and ~ach s~ccessiv~ month there~hsr ur.til matgape~ sh~ll notify mortyayw of a dwnp~ in wc!?
amount. Sr,ch wms shall be applied bjr morrysgee fowa.d the paymenf of rea! propafy t~xes, irowu~or premwms; and morty+g~ ~wranry imuranp
'j Pi~n~rns, . _ _
~ IN WITNE55 WHEREOF, tM siid MORTGAGI?R h+s hereunto set his hind and seal ~he
~ day ~ed ysar fuat ~fores+id.
Signed, Seakd and deliva.~d in thQ preHnca of:
~ - ~j • r ~.~M~tii~~~ R Y b ~
" RtQG~ER-~otti~ ~
~ ~ dil~fttc C1t'v.lucT QQifi~T ' bb ~
~ ~caa~ v:~~~~ao . a • v
~ STATE OF fIORIDA _ ~ ~ ~ ,t(~ ',t, ~ ~~b ` A~~yt~~J . ,
~ IW ~Yw ~i/fr ( C7 f /G ~
COUNTY Of -
~fae ~ ~~~y Robert B. Lfbby - ~
MsrY Q_ Libby ha wif•, w n+. wcU k~wwn u,d known a m. to b.
tM 6~dhridwb. de~cribed ~ in a~d who executed ths faeQoirp inst~ument, and t.d~.a btfon Ra that tMy .~nated the sarn~ fa th~ purpos~s
rn~..«, .~..,~ea. Md ~i~ Mary
B~Libby
w;f. ~ Robert S. Libby ~
ex~rninatio~ by ms taken separaM ~nd apaA from her said Mnband, ~duwwlsdped to and befa~ me fFwt she exetWed s~id trvewn~f fratly ~nd vd~xr
rarily snd witho~t ~~ryr compubion, cwntraint, ~pprehension, or feu of or fran her said Fwrtband. _
WItNE55 my hand and official seal thi. day of /1. D. 19'~
/ ~ -
- . ' s Not~ry ~.iblic in and for th~ Stat~ of Hori lwr~ .
Retwn Ta • - My t'.omrnission rxpir~s: !O - ~ ~ 7 (s ~
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fint f~dsnl Ssv:rgs 6 loan Aswti+tion ~
Of Fwt P~erce. , i
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fwt Pierce, Flwida ~ti~N11F~IttUr~`~ ~
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This Instrument Prepared By J. A. Rflberts~ JP. ~~J ~~~s~ R c;..' ' `
' ' ,~';F ~
First Federal Savings d~ loan Association • ~
. of Fort Pierce, Florida _ r ~ ~p • i ~ . s ~'s .
~ - . Fr'~ ~4~ Fl?c~E '7'O - ,~~~'=.:~vy~~..i - ,
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~ Checked BY _ ~ •
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