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To plxe and contin~ou~ly krep on the bui'd~ng~ now or he~eaftee •~w~~~ on aa~d iand ~nd on ali rc~~~~n~nt and pe~son~ily covered by fhi~ ma~p-
p~, w~th ~il p~em~um~ ~hereon p~.d in fuil, hie i~~~v~ence ~n ~M u~wl ~ta~xlard policy Iwm, in a wm app~wed by the MURiGAGEE, •~~d w~ndstam
inw~ance in ~M usu~l ~~anda~d po~.cy fa~n, in a sum approY~d by ~he MOR1GAGfE, in sucA canpany o~ car+pa^~ef st ~I+e MOkiGAGEE m~y
diretlj and all lir~ ~nd w~nd~~o~m iniurance po!rc~e~ on ~ny of ~a~d build~ngs. iny IMf~Ofl Ihe~Cif~ O? w~f tFKrlOI, in IM apgregae sum atweuid o~
In •ateu the~eoi, th~ll ta+~a~~ Ihe uauel sta~ds~d matgaflee cl~vse w tuch o~ha c~~uze Ih~ INortyege~ may requ~r~. maYiny IM iou unde~ ss~d po~~.
ci~f. e~ch ~nd •very. paYab!s to s~id MORTGAGEE as ~~s ~meres~ m~y appear, and aach ~nd wery such poncy ~Aall be p~omptly •~sg~cd ~nd d~livered eo,
~ny held by se=d MORIG~GEE a~ iv~fhr. ~rcv.~ey ~o s~:d ~~~•9• ~h~, •.,d, .~o~ 1•u ~hae t~n ITOI d~ya in adv~nce oi the •apnation of each po6cy. ~o d~- .
Gv~r ~o aaid MORiGAGEE a ~~newal Mereo(, toQe~her wiih a roce~pt la IM p~an~um o( such ~enewal; and ther• ihall be no f~r~ o~ windtto~m insvrance
pl~c~d on ~ny of sa~d bu~ld.ng~, any in?tie~1 thdrem or par~ ~he~aot, unlcii ~n tM form and wi~h ~M ~o~s p~ysble as afo~e~~~d; and in th~ evenl •ny ~um
of monay becanea payabte w+dcr s~ch policy a pol~c~es said MORTGAGEE shall Mw ~h~ op~~on to recaive and app:y tha same w+ scco~~.~ of ~hs indrbted- -
n~ss fecu.ed hereby o~ ro permil said MORiGAGORS fo receive and ufe it d any pa~~ tMreoi te~ o:i~~•r purf•.ecs. v.~+t~o~t th,•eu~ +var.~~~3 0~ u~~po~r-
inp a~y eq~ity, li~n w right unde~ or by virtue o~ this mortgspe; and in ~he evcnt ~~~d MORTGAGORS sMll fa sny re+~on fail to keep tht ~~~d p~am~ses so ~
1n~~red, or feil to delrver {ua~~ptly ~ny of s,~d po~K~es of insu~a~t~ 1o se~d MORTGAGEE, ot lail pramptly lo pay fuily any p~enuum therelor or in any . t
~~~pect (sil to p~rfam, d~scharge, e:ecuee, e~tett, canptete; comply wi~h and ab~ds by ~h~s covenant, a any part hereo(, ~•~d MCSRIGAGEE may place e~d -
pay fa tuch inivrance o~ any part thereol wnhout waiving or aHeuirq any opt~on, lien. ~qu~ty, o~ nghf under a b~ virtu~ of ~h~s Morrgape, +~d the
full amounl of each and every iuch p~yment ahall be ~mmed~atety dw ~nd p+y~bte and ~MII bear interes~ from ~he d~te thereof u~til pa~d at tht rat~ of ~ i
n~ne per centum per annum and to~a~hrr w~ih iuch ~nerrest shali Fx srcured by ths lien o~ thi~ mo~t9aye. '
1. To permit, comml~ or su(fer no wa~te. impe'umen~ or deterior~rion of ~a~d property a any part the~eoL •A
S. To pey ~tl u+d sinpulx tM cwts, charges and expen~es, inctudiny a reasonable attanev's (ee and cos+s oi sbstrad~ of ~~11e, incurred or pa~d at
~ny lime by said MORIGAGfE, becsuse or in ~he eve~t of ~he tailure an tha parf of ti+~ seid MORiGAGOR to duly, promp~ty ~nd tutly perfwm, d~uMrg~,
execu~~, e(fed, complee~, comply w~~h and ab:de by each and every ths ~ripulat~ons, ~greemems, cond~uons, u+d covenan?t o1 ~sid prom~asay note and ~hi~
mortyaye any w t~~her, and sa.d cosb, charges u+d expenses, each and every, shell ba immediaroly due end payab!e; whe~her a no~ ~Re~• be notice de
mand, ~ttempt to coSlect a suit pend~ng; and ~M 1ut1 amount of each and e+ery such payment shall bea~ ~nreresi from ~he dstt thereof until paid at the
rate of n~ne per cenrun, per an~wm; and all se~d coa+i, charges s~d eaprn~es incurred a paid, together .v~~h tuch interest, shall be secured by the tien o) thif
matya~. .
6. That in th~ evem of any breach of ~his Ma~gag~ w defsult on the part of ~he MORTGAGOR, a(b) in ths event any of sa~d sums ot money
herein refened to be not p~ompNy a~d tully paid wiihm th~rty (30) days nexl after the same severa:ly becd*k due ~nd payable. without demand w norice.
or W in tl~e event each and every the atio~:a?wns. wrcemeros, co~drtwns and covenan» of aa.d promisaory note and M~s mortgage any w eitF,~r are rwl
~uly, promptly and futly performed, d:xha~gcd, eaec~ted, eflKtcd, comple~ed, compl~ed w~ih and ab+ded 5y, then in e~ther or any tuch event ti» ss~d ag
pregat~ sun+ men~~ed in said promiiswy note then rema]ning unpa~d, wirh i~~e.e~t accrucd, ~~+d atl moneyi secured hereby, sha11 becom~ dw and pap
ab~e forthwith, or the~estecr, at the opnon o( aa~d MORIGAGEE, as (ully and comple+e~y as i1 ~li o1 ~?.e se~d s~ms of money were w~g~n+t~y ~np~~~Ted
to be pe~d on such day, any~h~ng in sa;d prom~sswy note or in ~his Morrgage to tM canrrsry ~otwithstand~ng; and thereupon o~ theieafte~ ~t th~ op~~on of
said MORTGAGEE, without notice or demarxl, aui~ at tavv or in eqo~ty, therefwe w lhereafirr begun, may be proxculed as if a!I moneya setured heroby
had matured pno+ to ~ts ina~itunon_ '
7. That in the event that .~t the beyinn~rx~ of or ~I any time pending any suit upon ~his Nlo~tgage, w to foreclose it, or to re~orm it, or to enforc~
paymeM of a~ryr claims he~eunder, said MORTGAGEE sha~l apply ro the Go~r~ hav~~~g ~unsd.cuon the~eof fw tFw eppo~ntmeot o~ s Receiver, such Court sha+l
fortAwith appoint ~ rece~ver oi said mwtyaged property alI and sin9ular, inctuJ ng a11 and aingular fhe income, prof~rs, issues and revenues from whateve~
sovrce de~ivcd, each and evc.y of wh~ch, i~ be~nq express:y unde~stood, ~s hereby mo.+gaged as if spec~fiuily se~ farh and dexribed in ~he g~anr~ng snd
habendum tlauses hereof, and such Receiver shall have ati the txoad a~d effecrive func~~ona and powers in anyw~se entrvsted by a Court to a Receiver, •~+d
wch appoimmem shell be made by svch Court as an admitted equity and a r.after of absolute rEyht to se~d MORTGAGEE, ~nd wiihout re;crence to 1he
edequacy o~ inadequacy of the wi~e o( the prope~ty mwtgegcd or'to the so:vency or ~nSOt~e~Ky oi said MORTGAGOR a the defendants, a~d that auch
rents, p?ofits, income, issues a~ revcnucs shalt be appGed by s~th Rcceiver accwd~~~g to the Len w eq~ity of said MORiGAGEE and the proctice of such
Court.
6. To duty, promptly and (~Ily per(o~m, d~scharge, execute, effea, comFtete, comply wi~h and abide by each ~nd every the st~puEattons, sgreements,
conditions and covcnants in sa~d promissory eote and th~s mortgage srt (a~h. .
9. Th~t in the event the ownenh~p of the mortgaged prem~ses, a any psrt thereof, bccomes veated in a perwn other than the MORTGAGOR, 1ha
MORTGAGEE, ita successo~s and sss~qns, may, w~thou~ nof~ce to ~he MORIG~OR, deal w~th such succeasor or successo~ in ~merest w~M reference to th~s
mor~gage and ~he deh~ hcreby secur~d in the same manner as with Morrgago• wllhou? in any way vit~ating or d~scharg~ng the Mor.gago~i lisbitity here
under a upon the debt hercby ftcured. No sale of the Fremises hereby mortgeged and no forbearance o~ the part of the 1AORiGAGEE or its tuccessws
o~ ess~g~s and no extMSion ot rhe time for the payment of the debt hereby secured given by the MORTGAGEE or it~ svccessors or a~s~9ns, .MII operap
~o reFe~se, d~xharye, modi(y change or ef{ect the o~~g~nal I~ab~l~ty of the MORTGAGOR herein, either in whole w in part.
10. 1~ is spec~~~cally ag.eed that time is of the esse~ce of th~s cont~act and that no wsiver of any obl~ga~~on hereunder w of the obligatan sr
cured hereby shaii at eny time the~eafte~ be held io be a waiver of the termf hereof a o( tM instrvment secured herby_
11. In add:~~on to the fo~ego:n9 m.omh~y payments of y:rinc"pal and inrerest required by ~he p~oR+~ssery nore secv~ed hereb~, mortgagor covenants
and agrees ~o pay +o mortgegee wnh exh mu~th~y payrnent an ~dd~i~onai sum esnmared by mwtyagee ro be eqvai to 1 j 12 of •he ann~at coat of the follow-
A-All rea~ property ta,crs 1e•:~rd o~ assassed ~ga~*•st eh~ aEove describcd rea! esrare.
i B-Prem,ums on fire and w~ndsrc~m ~nsura~ce as hcre~n rr.qu:red to be ca.ried en the :m;.roveme~ts s~tuate on the above described premiaes.
C-Prem1um: on such mort3;ae gua~anty ma~ra.~ce as mo-tqaqee shalt frem t•me so +ime drem fi~ to carrq on the loan sewred hereby.
I Mortgagee shaH ~rom nme to t~me noni~ mortgagor ~n w~~t:ng of the amos:nt due and p~yable hereundcr •nd wch sum shail the~eu~n be due end
~ ~ayabk on tbe d~e da!e of the ne:t monrh'.y pay~nent •nd each successive monrh rhereaher votii morfgaqee sha? nohfy rtartgagw of a change in such
amovnL Suth sums sFaii be appiied by mortgagae ~owa•d tlw psyment of reel property taxes, insuronce pr~m:ums, and mortgage guaranty insur~nce
p~emiums.
IN 4~ITNESS 'NHEREOf, th_ said MORTGAGOR has hercunto set his hand and seal the day and yea~ (irst eforesaid. ~
S~gned. Se~~ed snd detivcred in the p~ese+xe of: Atp KE~pE~ y
~ T - MSY f l~ \ ~~,n
' ' ' , C i ~ ROGc G~a'ZRQS s
~'sC d . ~ -d s g e
- ~ ~r,J~7 CCURt u c5~.4
C~
Pf.CORQ YERtF1E~ ~ (se+q
' ~ 15es0
STAiE OF FLORIOA ~y~~ ~2~y
COUNTY OF
Bcfwe me personally eppeared James 1.. ECTI~qt1t • 8 single adUlt
to me wel! known ar+d known to me to b~
ths indiridwis deuribed in and who exec+,ted the foreyciny instrumeM, ~nd acknowtedyed before me tF~at they executed the same for the purpose~
tF~erei~ expressed. 7?nM`IAr~a~-~~
wih~oFN~e~ai~~~~____~_~~________~______________~_______~_______._.~__~~~,r-?s~NrMe-Mi'wvM~
ewaw~i~tiow ~T +ee ~e4~+-~ey~ie~e ind~ ap«r (r~n?1~w swd~ Iw~b~wdr ~ekwowkdge~ beior~ mt M~e~-sl+e~e~cecvted~ ssidins~rvmen~ ieeelr w~ ~+~lerr
r«~ty~.~ rr:tbo~taw~ eo+++pdsi~w~-eenswaMh
-+PP'el+ensier~ ~ iesr-vf or Irenr her seid-I+e~bw~d.
~ WITNESS my hand and oifiual seal th~s__ ~~.L~. ~ day of_ A D. 19 ?6
~ ~O/
Notsry Pvblfc in f tF?e S~~te of Florida at lar~s
My Commisiron pir .
Return To: Notery Pvblic, alott of F4»'d~ ol lnrge
firtf Federa) Savings 3 Loan Association ' ~„1Y Conim:suin E:pir~s Jv1y 12. i9?7 ~~'S~
Of fort P~erce. ~p~dcd by Ameri:w Fut S Ca:vnl:y Co.
For~ Pierce, fbrida
.i :~HUU~1~,. ~ - ~
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This Instrument Prepared By J• Hal Raberts, Jr. _~ti•:
' ` ~ . ~
First Federal Savings 8 Loan Association - U••';
of Fort Pierc~ Florida = ~ ~ .
- . 1-
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Checked By _ • ~ ; j': ~ ~ ~ ^J t -
PAI'iE VV~ ~''~,,y
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