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3. To pl~ce and continuovily Aeep on the bu~:dmgs ~ow OI IMfl~UN ~iwstt on ssid land and on all equ~pmenl and p~rwnally cowr~d by thi~ mat¢
~y~, wi~h all premwm~ thereo~ pa~J ~n tuli, firo inw~anca ~n ihe ufwl s~e~xiard pol~cy (am, in • sum approv~d by tM MORTGAGEE, ~nd wirKlatorm
~nsu~~nc~ in ~M u~~al ~eandard pol;cy to~m, in a ~um •pproved by the MORTGAGEE, 1n ~uch company o~ comp~ni~s q tM MORTGAGEE m+y
duect; and all lire and winds~orm ~nsuranca poGc;es on any of seid bvild,np~, ~ny intaal thertin or pal ~Mreof, in tFw app~e~~tt wm afa~iaid w
I~ •xcets ihereol. fMlt coniain tM us~al atandard mortgaye~ claui~ w ~uch o~hN cla~~~ tM Ma~fl~ye~ ma~ rpuu~. makinp ~h~ lou undN ~~~d poli~
cies, each and every, payabi~ to u~d htpR1GAGEE ei ~N interest m~y appaar, and each and avery ~uch pohcy ~MII b~ prompHy ~is.~ned a+d dtlivHed lo
any held by ss~d MORiGAGEf ~s 1ur~her security ~o said r~~o~tgaye debt, and, no1 lau lhsn ten (101 dayl in ~dranc~ of the e:pir~tion oi ~uh policy, to d~-
IivN fo 1~id MORiGAG~E a r~npwal th~,~of. toosllur with • recaiot 4M the ~uemium o( u~ch renww~ir and IMr~ shall M na (i~e o~ windslam inwra~tw
pl~ced oo •ny oi said b„iid~ng~, any inrereit ihere~n or parr ~h~.cof, unleu in ~he form and w~~h tM bss payabie aa •twes~id; ~nd I~ tM ~vem any wn+ i
of monay becornei payable urxlar iucl~-poli:y o~ pol~c~es ~a~d A10RTGAGEE ihell hav~ ~he op~~on ~o recelve a~d epply the sarn~ a? auoun~ of tM ind~Dted- =
neu sccured hereby a ro perm~t sa~d MORTGAGpRS ~o retc~vs ar.d u~ it p•ny pa~t therrof for othcr purposes, w~~hout thareb/ waivinq q~mps'u- ~
~~+p a~y eqv~ty, lien or r~gh~ under a by virtus of thia ~no<tgape; and in tM eveM u~d MORTGAGORS shall fo~ ~ny rsawn fall te keep th~ s~id prtmises w
insured, o~ fail ~o deliva~ promptly any of sa~d pol~cies ol insurancs to said MORTGAGEE, w fa~l promp~ly fo pay (ully any pr~mium tht.efw d in any i
re~pect fail ~o perfwm, d~sche~ge, execute, effecl, comple?e, comply wi~h ~nd abid~ by this cove~anf, or any pa~1 hereof, •aid MORTGAGEE may pls~ ~nd
psy fw such inwrance or eny pa:! thereof w~thouf weiving w ~ffecting any option, lien, eq~ity, w reght under w by vir?w of this Mortqay~, ~nd th~ ~
;
full smoum of each and eve.y such paymen~ shall be immediately due and payable ~nd shall bear interest Irom ths da~e ~hertof until paid at tM rate ot `
nine per centum per a~nu~n and to~ether with such interest thali kx arcurcd by the lien of thit mortgage. I
1. To permN, commit or suffer no weste, impairment or deteno~alion of ss~d property p~ny parf thereof. E
5. To all and si ulu the costs, char es and ex nses, ~ncludi ;
PaY ~+G 9 pe ng a reasonable attwne~'~ fee and costs oi abstracri o( titls, incurred or paid tl
e~y t~me by sa~d MORTGAGfE, bccauae or in the event of the failurs on ths pa~~ of the said MORTGAGOR to duly, promptly and fully p~rform, d~ichary~,
exec~te, effect, comp:ete, compty w~th and ab.de by each and every ~he stipvlat~ons, agrcements, conditio~s, and covsnants of sa~d promissory note and this
mortgage a~y o~ cither, and sa~d cosh, char9es and expenus, each and every, shall be immedutely d~e ~nd p~y~ble; whether w not there b~ no~ite da
mand, altcmpt to co:lect a suit pend~ng; •nd rhe futl amount of each and evcry such paymenl ahall bear interest from the dale ther~of until paid at the
rare of nine per ca~ium ann;,:n; aud all sald coata, charges and expenses iocurred w paid, toyether w~th such interest, shall be tKUr~d by th~ lian of thi~
mortyag~.
6. Ths~ (a) in the event of any breach of this Mort9ag~ a defaul~ on ~he part of ~he MORTGAGOR, a(b) in the even~ any of said ~ums of morwy
herein reterred to be not promprly and fully paid wirhin th~rty (30) days ~ext af~e• the same severafly txcoma due a~d payabk, wilhovl d~mand or nolite,
or (c) in the event each and every the atiputanon:, agreements, cond~tip~s a~d covcn~nes of srd p~omisao~y not• snd ~h~s mwt9~ye any p either ~re nol ~
~u! , om tt and lull formed, d~achar ed, e:ecuted, effeued, com leted, com lied with and abided b, then in sither o~ an iuch ~v~M tM uid ag '
Y W P Y Y Pr 9 P P Y Y
grega?e sum ment~oned in sa~d pran~sso~y note then remaining unpaid, w~~h ~nterest accr~ed, and ail moneys tecured hereby, shall become dw and pay- ~
abte forthwith, or rhercafrer, at the option of said MORTGAGEE, as fully and completely as if all 01 the said sum• of money were aipinally stipulated
to be pa~d on such day, anything in se,d prom~ssory note w in tnis Mortyage ?o the contrary not,~v~thatand~ng; snd thereupon a thereafta~ ~t th~ option of
said MORTGAGEE, w~:hout no~~ce or demand, suit et law w in equity, therQfore or ?hereafter begun, may be prosecu?ed as if all mo~~eys s~cur~d I~tby
had maWred pnor to As instituNon.
7. That in the event fhat at the beginn~ng of or at any time pendirg any iuit upon this Mortgage, w to fweclose it, w to refo~m it, or to enfwu
peymenf of sny cle+ms he~eunder, said MORTGAGEE ~haH appiy to the Covn having jurisd~dion thereol for Ihe sppo~ntmeM of s Receiver, such Court shsll
forthwith appoint a receiver of seid mortgsged property all and singular, incl~d,ng atl and s~ngular the incom~, proF~ts, iuues and revenues from whatever
~ource derived, each a~d eve.y of wh~ch, ~t being expressly under~eood, ia F.ereby mongaged af if specifically s~t faeth and dascribed in tM pr~ntiny ~nd
hebendum tleuses hereof, and such Receiver shall have all the broad end effec!~ve funct~ons and powers in a~ywise entrusted by ~ Court to a Receiver, ~~d {
s~ch eppo~ntmcnt shall be made by such Court as an ad^.~itted equity and a matter oi absolute right to s+id MORTGAGEE, and wit4wuf ~ettrente ro the ~
adequscy or insdcq~acy of the value of thc property mor~gaged or to the so:vency or i~solventy ot said MORTGAGOR a fhe defe~danri, ~nd that s~cl~
rems, profits, income, issues and revenues shall be appi~ed by such ReceiYer accord~ng to the lien or equity o( said MORTGAGEE and ihe practip of suth
Covrt.
lo dvly, prompt!y and fully p~rfo.m, d~s:harge, ~xecute, effect, complete, comply w:!h and abide by each and every the stipulations, a9reemenfs, }
conditions and covenanrs in sa~d prom~ssory note and tnis mortgage set fwth. )
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, 11+~ ~
N!ORTGAGEE, ira successors and ~ssigns, may, wi~hout notice to the MORTGAOR, deal with such svccessor or successw in interest with refersnce to this ;
mortgsge and the d•-bt hereby secwed in the tame manr.e~ as with Mortgago. withovt in any wsy vitiatinp p diatMrging the Mwlpsgors' liabitity Ix~a
u~der w upon rhe debt he~eby secured. No sa:e of the p~enuxs hereby mortysged •nd no forbearance on tM part of- the MORiGAGEE w it~ succeason
cr ass~gns a~d no e¦se~zEon of the fime fer the paym~m of rhe deb? he.eby secu~ed g~ven by the MORTGAGEE or ib successors or au~yns, ,hall operaq f
to release, d~xbarge, mod~fy change or atfect tha orginal 6ab:6fy of the MORiGAGOR herein, e8her in whole w in pa~i.
' 10. tt is spec~f~caHy agreed that time is of rhe essence of this contract a~d that no waiver of any obligation hereunder w of th~ oblig~tioo se- ~
cured hereby shall at any time the~eafter be held to be a waiver of the terms hercol~a of the instrument secured herby_
I1. In acid.+~on ro the forego ru~ mor.th!y paym~nis of p:irrc pai and inrere~t requ~red by tbe prpn;ssory nme secured hereby, mortgagw covenants
and agrees to ~ay to r:c-tgagee v~~th each :r.~n~h'ry pair.,ent an add~r~onal sum es:.r-:ated by mortgagee to be equal to 1/12 of the annwl tost of the follow-
, ~ng:
A-All rea! propeny ~axrs +ev~eQ p auessed aga~~st rh~ above described reat estate.
B-Vr.rt;~~ ns on iire and w~ndsrorm inswarce as he~e~n req~~red ~o be carr~ed pn the ;mp~ovements i~tuate on the above destribed premises.
C-Prem;u~s on s~ci+ .r.orr~,:.ge g~aranty ~r.s~ra~.ce as mortgagee shall from r.me to time deem !it to urry pn the loan secured hercby.
Mo•tgagee s!~r'1 from t~n~e to t~me no+~f~ mcrtgagor in wr~t~ng of the ar,~ount d~e and psyable hereundrr and such sum shalt thereupon be due and
: 3yable on the d~e dat~ of rhe next month:; payment a:d each succesaive monrh thereafter vr,tit mortgsgee shall notify mortgagor of a change in svth
~~-~o~nt. Svch s:,ms st~a,l b• appi~ed 'uy mo.tgagee ~ov~a•d the payment of real properry ta:es, insurance prem:ums, and mortgaqe 9ua~anfy insur~nct
o~em~ums.
IN \YlTNESS YiHEREOf, tne said MORTGAGCR has hereunto set his hand and seal the day and ye first aforeu'
Signedt Sealed and delive~ed in the preser.ce of: ~C
:Ki~
~ ,
n
_ Vad s J. o h
; - n
` ` ~ ~ { ~ Ba rba ra B . Ya r ouah ~,n ;
i ~ .
~ 5; ATE OF FLORIDA J
' :OUNTY Of _ St . LilClt;
~ -
s ees«~ ~~.~uY appeared Vada s J. Ya rbrough
: Ba rba ra B . Yarbrough ~ ~ ~ ~„L _
his wiie, to me well knowp'end,knpyvr.~q~e1~t.~"j~
; rhe individuals de:crihed in and who executed the foregoiny instrumeM, and acknow! befote me thet t
hey ex~cuted !f» saofi ttMY tlf1,'pY~po}h
r rherein e~cpressed_ And ~he ~a~d Ba rba ra g. a rbzough
Vadas J. Yarbrou h ~ _
«ife of the said 9
uPol~. : .
e¦am~nation by me taken uparatc and apart from hei said hu~band, ~tkrawkdged to end befwe me that she executed sai~ u?stdR~Mt ftMlr and vqivR =
:anly and w~thovt any compuision, cor~straiN, e reh }~~onL~ fear of or from her said husb~nd. - =
_ WITNESS my hand and off~c~al seal this_~~~ day of $e teIDb@! i~~v 19 :
- ~
, ~ ~
~ r! ry Public in ~n~ for tht SUt~ Florids d...p~,•`•'
My Commission upires•
Return To: ~ry s~~ ~ d~l_ ~ ~
~rvn0i
First Federal Savings 3 loan Associat~on ~y ~ j~. ~
pi Fort P erce. ~d~d b Aw~c~ Nw t•'Ca~~
iort Vferce, Hcnda
~
This Instrument Prepared By J. Hal Roberts~ Jr. 34~3~8 ~
= First Federal Savings 8 loan Association
` of Fort Pierce, _ Florida fILED ~MD RECORDEO ~
~ ST.IUCIE COUMTY FIA. ~
~ RO~ER pa~TRAS
Checked By CIE~iK C~%+CUIT COUNt ~
FfC^_•F~ YEnif1E0 'lh {
~ p S~r 29 12 so PM'76 ;
80~JK 25~ PAtE ~7~ ~
i~
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