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To pl~c~ ~+d contkwovsly kNp or~ the bulld~nps ~ww cv M~~a`.tN utw~~ on ~a~d land and on olt eQuipmMt ~~d p~non~lly covaed by thi~ ma~
p~, witA dl p~~miw~u thereoe p+id i~ fult, fu~ insuni+c~ i~ ~ir vswl ?~a~dard policy fam, in • sun+ ~pprov~d by ~M MOicTWGEE. ~.~d windNwm
irqw~nc~ In tw utwl st~ndud pd~cy form, M a fww sty+.ovd by ~M iNORTGJ1GEf, in such cornp~ny or ta~p~n~N ~s ~M N10RTGAGEE r*ay
dirac~j and ~II fin and w~ndatan+ imur~r+c~ polKie~ on ~ny of s~!d b~+ildinOs, any InNr~fl th~~in w pa~f tMr~of, in ~F» yprep~~~ ~vn~ afor~said a
M~:ce~s tMrw1, ~hall coni~ia ~M u~wl ~tandard morepapN d~aw or such oiM. dws~ as tM Ma~y~ n?+y rpuu~. m+klnp ~M Iw~ vndw atid poli~ ~
c~, ~a~A and ~wry. par+bl~ ro s~~d MORTGAGEE in iroer~i~ rnay ~pp~+r. aed ~~cfi +nd +.~ry such policy ~hall b~ p~omplly ass.yn~d ani d~liw~ed ~o
e~y IwW by a~id MORTGAGEE ~s (w~ha secvrity to s~id mort9ps deb~, and. no~ bu ~han ~~n (10) d~ys i~ +dr+nu of the ~xp'w~t~on of Nch palicy. w dr
liwt b said MORiGAGEE a rNww~t tM.~of, lopNMr wi~h ~ r~cNpt tor ~I?~ pr~miwn of ;uch ~~newalj ~nd ~F~N~ ~h+tl E~ no f'a• a win~stam infwanc~ :.1~
pl~ad o~ ~ny af ~aid bvildinps. N1y infHltl 1hMOif1 Ot pM1 thfflOf, unl~~ in ~M fw~n a.d wieh ~h~ los~ payabk ~s aiats~id: ~nd ie ~M -~wnt ~ny awe
d ~non~y becan~s p~yaWe w+d~r wd? ~olicy or potKi~i s~id MORTGAGEE sMll Mw ~h~ opta~? ro r~ceiw ~~d apply tw sarM on ~ccow~t ol tM ind~bte~
n~ss s~cwed hK~by Of 10 pNmi1 Nid MORTGAGORS (0 tK~iv~ and u~ {t a•ny pa~t ~hereol fa o~hrr purpose~. wi~Fwot ~hs.Eb~ wai~in~ w unpair•
inp any puity, tiM w ~iqlu vnd~r or by v'atv~ oF this mwtyap~J Mld L~ ~~1f ~~Mt Nid MC}RTGAGORS fMII Ip i11Y r~ason f~il b kkp th~ ~~id pr~nisea w
irow~d, o. f.il a d.~~~.. pon?pNY ~ny of sud polKi~s of inwranc~ ro N~d N10R1GAGEE. w fa~t p~omp~ly ro paY fully any prN.+Ewn the~efa or L~ a~y
?~sp~ct f~il b perfarn, dxhu~. ~a~cutt. ~ffsct. compl~?e. oomplY wlth wd ab~d~ by this cow~an~. W M~l ~fil1 I1lflO~, uid MORTGAGEE ma~ plao~ ~~+d
paY f~ such inawanu a u~y parf ~hKeof without w~ivinq or ~ff~ttlnp ~p~r op~io~, li~n, pu~rY, w r~ph~ unda a by virtw o( this Ma~p+p~. a+d rhe
full ~mo~nt of Nch M+d wKy such p~ymem sMll 6~ ~rtunedies~ly dw ~nd p~y~¢I~ ~nd ~MII beu in~~r~p fran tM d~h tlw~oF until pad tM rah ol
nin~ pN ce~tum p~r annum i~+d ~oge~har wi~h such Entc~est thalt b~ tecwed by th~ li~n of thts mat9ap~- . •
l. To pKmit, commit o~ suf(a no waste. knp+'ame~t a deterior~~ion o( s~a! p.opaty w any p+rt thereof.
S. To pay sII a~d shpulu th~ cwts, thup~s u~d expenses, u+uvd7++9 + rsasawbl~ attcwney i te~ end oosn of ~Fatrscta of tetl~. incw~~d w p+id ~1 ~
~ny time by said MORTGAGEE, b~caus~ a in tAe ~wnt of th~ failw~ on ~Fw part of th~ s~id MORTGAGOR w d~ty, p?omptty ~nd fulty p~?iwrn, di~chuyw i
c:~cu~~. sff~et. oompl~t~. con+ply with u+d ab+de by ~ach and ~very the stipubeio~?s, ~yreements, cmd~tions. a.~d cov~ew+n o/ sa~d p.omiuory eat~ and ~hu ~
mort9ap~ aMr oe ~iihs~. and sa~d cosq, char~es and ~aper.se~. e+ch and every, ah~ll b~ immeciietety dve and payabi~: whe~her W fWf thpf ba nata da •
a~~+d, ammpl to collett or wit pe~dinyt ~nd tM fvll amoue?t of each +nd werY such piyme~t il?all b~N inter~it from tM daq tMrwF ~ntil p~id a1 the ~
rste o~ n~ns per ccntum pa aruwm; an~ all said cosb, char~es and e+epcnses ~ncwr~d w paid, Iop~that w~th such ini~ntt, thaU b~ sscured by tM lie~ of tha
morqap~. ' ~ '
6. TM1 in tl~e evaet of any breach of this Morf~~ or de(autt on t!r p~h of ths MORTGAGOR, w;b) in the evcnt sny of s+id wms of mwwy i
her~in r~favr~d ro b~ ~+ot promptly ~nd fully paid within ~hirty (30) d~ys next ahe? tF~e same s~vtratly becane dw and payabb. without demand w.noi~u, S
w(~ tn tM ~wnt exh snd every tM stipulations, ~greements. condiriwu ~nd co~enann ot w:d prom~sswy note and th~s mortpap~ any or eithsr ~r~ na1 ~
~uly. p?omptlr a~d fully pNiorrt+ed, d+acharped. executed. etfected, completed. complled with ~nd abided by. thsn in e~ther w any such ewM 1M s~id ap~ -
pre~ate wm m~nriw+ed in aid promiswry note then ramainirg unpa~d. w~th inrea~st acuved. ~nd all rnw~eys secured he~~by. sh~ll becom~ dw and p~y~
able for~Mrvith, a thereafrer, at the option ot said MORIGAGEE, as fvlly ~~d canple~ely a~ if ail oi the said ~ums of morwy we~e agiMtly st~pvlated
to be paid m axh dsy. anythii+y in aa+d prom:ssory note or in this M«tQage to ths cona~ry ~otw~thsundinq; and ~hereupon w thereaftN at tht opt~on of
Nid N10RTGAGEE. witlaut ootic~ a dem+nd. wit at law a in ~quity, therefwa o~ thereafier beflun, may b~ proaecuted ai if all mawys a~c~red haeby
h~d matwed prar to ~ts i~t~tutan
7. Tlfif Ifl lIN WMl tlNf at tFlt ~IMi(1g of w at any time~pendr~g any w~t upon th:s Mwtgage, w ro foredose it, a to relwm it, or ~o enfwc~
p~ym~nt of u~y claims hereur+der, s~id MORiGAGEE shall ~pply to the Covr~ Mviny jurisd~ciro~ ~hsraof fw tM ap~ointment oi a Receiver, wch Cow1 sh~N i
(wtAwith appoinl ~ receiv~r of said mwtpaged property alI and sirgulu, includ~ng all and sing~lu ~M irxome, p+ofiti, fsaws and ~evenues fran wMt~vtr
sowu derived. each ~nd wery of wh~th, it beir?g expresaly understood, is F+ereby ma~gaged u if speufically set for~k and dssuibed in the prsntinp and ~
Mbendwn clauus hereof. ~nd such Receiver shall have all the broad a~d effecrive funct~ons and poweri in anywise Muwted by ~ Cowt to a Receiver, and `
such oppointment ~hall be made by such Cowt as u~ adm~tted eq~ity and a matter of absolute r~gh~ ro said MORTGAGEE, ~nd wi~how ~efere~ce to tM f
~dequ~cy or inadequacy oi the wlw of ths p.operty mwtyayed a ~o tha wrvency or ~nso~vency o( sa~d lMORtGAGOR o~ tM defendant?, and ~hat wd+
ren~s, p~ofib, incort~, iswa and n~ee+ws shall be ~ppfied by tuch Receiver ~ccwdiog ~o ths I~en or ~equi~y of seid MORTGACsEE and the practice of sucA
Cour1.
8. To duly, promptly and iulty perfwm, dxharQe, execute, effect, compl~te, compiy with snd sbide by e~ch aad every the stipulatioro, 'apreanMb, -
ca~ditions and co~.eoants in u~d promissory note and th~s mortgage set ferth. -
- 9. That in tM event :he ownership of th~ mortgaQed ptemises, w any part tnereof, becomes vested io a person other than tFie MORiGAGOR, tM
MORTGAGEE, ita svcccsson +nd iugns, may, witnout notice to the MORiG~40R, de~~ wi~h such succeuor a sw.cessw in interest vrith reference lo this
ma~pa~ and fhe debl hereby secured i~ ths ss~+e manner ~s w~+h Mo.tgaga w~ihout i~ any way viYaYu~ or d~scMrp~.g the Mo.rg+pws' IiabiG~y her?
under or upon ~hs debt_ hcreby secwed. No wle of tM prem+ses hereby mort~age~ and no twbsar~ncs on iht put of rlte MORTGAGEE or ib ~~tcesson .
or aasigns and ra exree~san of the time fa ths payment of the debf heret,y tecured piven by tM MORTG:.vEE or its successo~rs a auiyru, sMll op~raN
ro release, d~sclwrps, nwJify chwye a affect the wig~nal liab+lity of ehe MORiGAGUtt her~in, either in wFale w in put.
10- If is ~peNficslly agreed that time is of the cuence of this contratt and thst no waiver ol e~iy ob~+gation hereunJer a o! tM obliyation se-
ared hareby shall at •ny time thereafte~ be hefd to be a wairer of the terrru hereoi w of the instrwnem secured herby. -
11. !n addnioa ro the fwego:ng monthly payments of princ pai and inrerest required by the promesswy noRe secured hereby, mortgagw ~cove~ants
and agrees tc pay to mortysgee wi~A each montht~ paymenr an ~dd~sio.~al sum esnmated by mortgagee ro be eq~al fo 1/12 of ~he annwl cost of the ~ollow- •
~^9=
A-All real property taxes kvied w assessrd agai~st tF+e above ~desc~~?~ed reat estata
'I B-P~emiums on firc and windsewm insuror.ce as he:ein requ~red to be carried on ~he lmprovemeats s~ruste on the above described premises. _ !
C-Prcmi~ms on such mwtgage gwranty insvrance as mwigegee sha~l from r;me to time deem 4it to csrry on the b~n secwed hereby. R
~ryagee shasl from ~~me ro r~ma ~w~fy ~,ony+yw ~n writirg of the ~movnt due and payabk herew~der and wch wm sh~ll ~l~era~pon 6e due ~nd ~
payabFe on the due dste of the ne,~t monthty payrrxnt snd exh svccessive month ti~ereaher urtil mutgagee shalt not~fy moitgagw of a char~ge in such }
amount. Such s:ims sh.all be •pppied by mortgagee towa.d the payment of reat p~operty ta:es, insurante p~em:ums, and rtwrtyaye 9wr~nty insurante
~lmiYmf_ . ~ - ~
IN WITNESS WHfRFOf, the ssid MORTGAGOR has h-ceuMO xt -h~s hand and scal the day ~nd year t ~fo~eu~d.
~
Sipned, Seak~ ard delivsr~d in the presence of: .~DE~ p .
. , ' f11.EG R~~ ~ `MTY fi~- . ~ #
1 (.C~ • ' ;T LG,•' ~ j~' ~ AS CO L 1@
tl ~'V` 'I . i•~ ~CURS Q~ n
_ n
- ~ ~ ~ aH' i ~ ~
STATE Of FlOR10A ~
COUNTY OF $L • L.{iC16 ~ _
Sefo~e me penonally appeared ~dY L. Bailey 3~~r~1_2 ,,,d
Carolyn A. Ba?iley ~,,,;r~, ro m. w~u krwwn ,nd wwws. w me w b.
tha individusls described in u~d who executed ths faeyoirg instnwnent, and xknowledQed befwe me that tF~ey s:ea,ted the ssm~ for th~ purposss
~he«in .xP.essea. a,d rh. sa~a ~ ro 1 yn A. Ba i 1 e y - -
wif~ of the :aid ~dY L. Balle~/ upon a separ~t~ ~nd priv~t~ ,
exam'a+arion by me taken tepante and apart from her said husbend. ~dcrwwledped to •nd befae me that aF~e executed ssid instrument freely ~nd wiurf i
tarily and without ~r?y compulsion, constreint, appreheroion, or fear of w fr~m her taid Iwsband. ~
WITNE55 my F?~rd and officisl se~l this ! Y
da of A ~ 1 A. D. 19 7b '
. ~ . . ~ I.~i , I
~r- i
Notary Public in ~nd for the S M of F id~ ~t l.~rpe -
My Commission e }
~ ~ ~ : ~ ~y _
a~r~.~ ra '
Fint Federsl Savirys 3 loan Associat~on ~
Of fort P~erce. . `
Fwt Pfrrce, flo~ida ' .
. '
This Instrumenf Prepared By John W. Collins
First Federal Savings ~ Loan Asso~iation -
of Fort Pierce s Flos ida
Checked By~ r ~7 "
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