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To plat• •nd cont~nw~,~ly kecp on ihe burd~ng~ no+v or heroafrer ~~r,ste on tis~d land •~+d o~ ~I! rqu~p,nem Ptf~p1~IIY COYf1~ bY IF11~ N1p1~¢
~ge, w~th ~ll premiv:ns ~he~eon p~d m I~I1, I~ro ins.~ra~ce ~n ~he wwl •~endard po!~cy lorm, in a f~m •~,~o~ed by ~he MURtGRGtf, •~u! w~nd~ru~m
=ntv+anc~ in the v~val ~~a•hi:+.d ~o! ~y lam, i~ a sum ~p~ovsd by iM MUkTGAGEE, in ~uch ~ompany or comp~n~es ~f ~M MORiGAGEE m~y
direcl; ~e~d all !i~• and w~ndstwm ~nsvrence pof~ues on anv of ta~d b~~Id~~+g~. any iMaes~ /her~,n or parl theraof. in the apy.ep~~e wm ~twes~~.t w
In •xtets ~herrof, sheH comain ~he uwal ttand~rd mor~g~y~~ ctause er :uch o~her ct~~~s th~ 1do~~ysyee m~y requ.ro, m~?~~g ~hs Iu~s under ••~d po~~ ~
c~ef. each ~nd ~ve.y. p~yabt~ to u~d h~ORfGAGEE as ~~s ~n~eres? ma~ ~ppear, ar.d rach snd e~e~y sucl~ po!~c~ sMll bt p~omp+~y ~~~9ned •~d det~vered +o *
any held by t~id MpRTGAGEE at (urther tecw~~y to fad mor~9age deb~, u~d, not le~~ ~Mn ~so (10) dayt in •d.an<e of Ihe eapirNlpn of e~th pol,ty, lo d~-
lnrr to sa~d MORTGAGEF a re~:ew~l the~eof, ~oye~ha w~th • rece~pt }w Ihe premium o1 such renra,al; a~~d ~here ~hafl bd no I,re or w~~~dstorm in~urance ,;i
pl~c~d on ~ny ol ss~d build~ng~, ~ny inre~eal therein a pa~1 thereof, unlcs~ in ~he fo~m •rx) w~ih ~h~ toa payoble as •faei~id; a.+d in 1M a.ent a~y wm
of mpr.~y (xcpme~ p~yabte ~~Jer wc1~ poGCy or pohues saiJ MORTGAGEF •hail hev~ the op~~on ~o rrcc~re a~x! epF,ly the ~a+na on accoun~ o) ~h~ indah~rd-
nesf fetur~d hpreby w to pe~mit siid MORTGAGORS fo tecrive and u~~ il w any part th~:co} for o!~,. r pur~ cs.•t :.~+ho~t tIl •N U/ 'M311i t.~ c• ~•~~~o~•• .
fny any equ[ty, I~n w rigM unde~ a by vir~ua of this mo~spsgc; and tn fhe evcnt srd MORiGAGORS she4 for any rseson (ail fo keep ~he s.~d aem;sn so
~~iured. a fe~l ~o dativer p~anptiy ~ny of sa~d pol.ues of inawanc• ~o ~e~d MORfGAGEE, w fa~; p~Gn.p11y to pay lu:ty any pre~~~wm fhcrefw w in any t
re?pec~ fail ro per(wm, d~scharge, e~ecu~e, elfea, ca,~p~ere, cOmply wuh dntl ~b~de by th~ti cever~ent, or eny p..~~ hsreof, ~e~d NtGRTGAGEE ~~ay plsce a~~e
pay fw such insu~ance o~ any part ~he~eof w~fhovf w~ivinq w•ffec?inp any oyt~on, ti~n, equny, or nqh~ ur.der w by v~~we ol ~h~s Mwfysqa, aod tF+e
full amounl ot eeth and er~~y ~uth paymeM iha{I br ~mmedi~tely due ~nd payable ~nd thail bea~ interc~t from ths date ~he~eof until pa~d N the rate o1
i
n,ne per centum per annu~n ant! to~rthcr with such ~nte~ru sha:+ !x ~ec~rcd hy the Len oi fhis mat9age. .
1. To permif, commit w suffer no waste, impaument or dcrer~oration of se~d F~ope?ty q any part thereof. ~
5. ~o Ray a!! ared singola. the co~r~, thargc~ and e:penses, ~nclud~ng a rcasonab!e aftaney'i tee a~d costt of abs~~acts of t~de, incu?r~d or pa~d a~
a~y tirr:e by aa~d MORTGAG:E, because a in the evcnt of the ia~lure on the part of the said MORTGAGOR to duly, p+ompdy and futly pe~iam, d~uhe.qe
ex.cu~s, eifec?, canpfe~e, comply w~~h and •b:de 6y each and every the sripui~nons, agreements, cond+~.ons, ~nd covenanrs of s~~d praniiwry no~e ~nd ~h~s
"'~18+fle +^Y ~ e+~her. +r,d sa.d coats, chsrges end e¦prnses, each and we~y, shsll be immnd~ately due and payabte; whe~hcr or nof there be not~ce da
mand, sn~mpt Io toUect o~ suit pend~ng; ~nd ~he lutl a~rw~n1 of each •nd e~ery such peymen~ •hatl bea~ irocrei? trom Ihe dare thereo} unti! pa~d ~t the
~.~t., of n;ne per cent~m +xr an~~u:n; and aN aa~d costs, cFiarges an~1 cxprr,ses ~nc~rred o~ pa~d, ~ogtlher w~th such ~ntcres~, shall bs fetvred by the lien of thi~
. mortysge.
6. That (s1 in tF~e evenf of a~y bre~ch of this AAortgage qr defau~t on the part o~ the MORTGAGOR, or (b) in tM event any of s~~d sums ol mw»~
here7n ~ele.rsd to bs no? pranprly and {u:ly pa~d w~~hin th~rly (30! daya nea~ airnr ~he aa.n~ c~vcra:ly becomc due and p~yibte, wi~lwu~ dem~nd a nof~ce,
o~ (c) in the event eech and cvrry thc st~vular~ons, a~ieements, cond~s~o~s a~d co~ena~u of se d pro.,~hsory nofe a~~d tha mor~yaye ~ny w e~tAer ~re nm
fuly, promptly and (ully perfOrmed, d.scharged, eaecuted, effet~td. cwnpleted, compfed w~th and sb~ded 5y, then in eaher oi any suth eveM tht sazd sg
gregat~ sum mentqned in said promissory nore thtn ranainie~y unpsid, wRh intertsl acc.ued, and a11 moneyl secured hereby, sh~ll betome dut ~nd pay-
ebte for~hwith, or thereat+er, at ihe oF~+~on of smd MORiGAGEE, as fully a.,d comp!e~efy •a ~f alf of ~F.e said t~ms of money were org~nally •t.p~:atcd
to be pw;d on such day, any~h~ng in sad prom~siwy note or ~n ~hn Mw.tgage to the conn~ry notwithstsnd~ng; and ~hereupon a thereaitn a1 tM op~~pn of
sa!d MORTGAGEE, w~~h:.ut no}:ce or demand, su~t a~ law or in equ~ty, therEfwe or ~hereaf~er bcgun, miy be prosetuted as if all money~ aecured hereby
ned matured p~~or to ~ts ~nsnt~t~on.
7. Ihef in the evenr ~har at the be. ;nn;. 01 or at an rime i
7 '~9 y pend~ng any so~f upo~ ~h~s Mo•tgsge. or ?o (oreclose i~, or to reiwm it, or ro enfo.ce
paymenl of any tloi+ns hC~tunder, said 1dORT[~AGEE s~~a;; app!y to the Cc~rt hevmg ~u~~;d cr.on ~hereof iw fhe appointmeM af • Receiver, such Cwrl shall
forthwith appoinl a rece+ver of sa~d mortgeged proprrfy ati and sin~u!ar, ~n~ivd.rx~ a!1 and fu~quFa+ tne ir~ome. piohls, issues ~nd reve~ves lrom whatevcr !
w~.ce de~ived, eac6 ar+d every oi wh.ch, i~ be~ny exprefs~y unders~ood, is hereb~ mongnged as if speofica!ly set lonh and descnbed in the 9rannng and
h~bendum clausei hereof, a~d such Re<e~re~ ahau have •it ehe b~wd and ellecrwe funu~on~ sr.d povcr~ ~n anyw~se emrusred by a Cou~t to • Recriver, and
r th appo~n~meM shaU br mede by wch tourt ai an ad••ntted ryuity end a rnatter of aLsoiu~e right to s~id MORTGAGEE, and wlthcul te~erence to the
edequacy o~ inadequacy o( tha wlue of Ihe proFerty mortgaqed o~ to the so.vency or msowency ol said MORTGAGOR or the defendanq, and ~hal s~ch
~e~t~, profits, inco~ne, ~saves and revenues shall be appl~ed 'oy ~uth Recriver accord+~~g to the lien or equ~ty o! s~~d ~AORTGAGEE and ~he praaice of such ~
Court.
8. To duty, prompTly and futiy pe~form. d~scha.ge, eaecute, eifect, zo~plr~e, compl~ wteh ~nd ab~de by each and every the s~ipuia~iont, agree~ncnt~,
cond~tions and coven~~~s in ss~d promissa~ note and ~h~s mortgage xt forrh.
9. Th~t in the event rhe ownenMp of thc rnortgaged premr~es, or any parl thereof, betomes vested in • pe.spn other than the MORTGAGOR, the t
A60RTGAGEf, its sutc«sson and asvgns, may, w~tho,~ notrce to the MORTG~.OR, deat w<<h such t~aessor a iuccessor ~n ~nterest wnh refere~ce to this j
mo~~g~e snd Ihe tkbt Aereby sec~red in the same mannrr as w~~h fdo~rgago. w~thavf in any way vihati~g w d.sch~rging the Mpttgaqors' liabil~fy ht~e- ;
under w upon the debt ht~eby sec~red. No sil~ oi the Frem~ses hercby mortga~cd and no forbea~a~ce on the psrt ol th~ NIORTGAGEE a its suttessors
or assgns and no ex~ens~on of the t~m~ fw the paymenr of the deb~ he.eby secured y~ven by the MORTGAGEE or its success«s w as~;9ns, shafl opera~e
ro retesse, d:uharye, modlfy ~hange o~ atfect the or;g,nal i;eb~l.ry.of th~ MORIGAGOR herei~, e~ther in whok or in part.
10. It is spec~fically ag.eed tha~ time ~s o~ the esse~ce of th~s cont~act and that no waivQr of any obligst~on hereunder or of the oblig~tion se-
cvred heraby shail at any time ~ht~eatter be he!d to be s wa~ver of the terms hereol or of 1he instr~ment setwed herby,
11. In add t;o~ to the fo+eao n7 mootl,!~ p,~ym~nty of p.7.:c pa; and intr~rs+ requ~red by the prom.swry no~e secured hereby, morlgagor covenants
ard agrees ro pay ro mcrt f~~e y..th each ,n_n~h'y F>.~~• an add:~~onal su^, c:r r. a~ed by mortgagee te tx rq~a~ fo 1' 12 of the annual cost of the iotiow-
~n~:
A-All real property r~xes lev~~3 0+ aasesv-d aga~•est thc above desv~bcd real esrate.
B-Pren:~~ens on hre and w~ndsro+m ~nw~a~ ce as here~n requ;red to be can~cd un ~he ~myrovemein s~tuate on the above defcrr~d premiid.
C-Prem+~r.•s o^ s~ch ma~tgage gva•anty rnSVrdr.LP as mo~~gagee sfiatl froT t,me to Time deem flt to carry on ~he loan secured hereby.
Mlo~tgagee shait from t~me ro t;me nonfy menyagor ~n w.inng of the a~+ou~t dve ar.d payabte hereundrr and wch sum shall thcrcupon be due •nd
F.ayable on the d~e dafe ef the' ncat ~:omh;y pay~~•ent a~d each successive mon~h fhereaher urt~l mortgagee ahall not~fy mortgagw of s chenge in such 1
a^~ounL $uch suma sFa:i ~~ppi,ed by mortga~•:e roward thr payment of ~eaf properry ta+ces,' inuirence prem.ums, a~id mutgage guaranty insunnce
F•~emiums. '
IN YATNE55 WHfREQF, the sa~d ti".ORTGA(',pR has hereunto ut Ms hand and seal tne day and ye first f ~i .
r5~ ate e.ive~ed in th~ prHence of: `
f LEO ARD itfC AOEO
_`~i IT SS :~•Il?C+Eti~P01TRA51~ P r , 'th ~ a4
CLfFK C:F.CUtT COU T
5 L'_ ~ RECOR~ YEP.lPtED lores, n ' ith c~a~)
(Seal)
SiATE OF FLORIDA ~ ~ ~ f~ IZ ~M ~ r» r
COUNTY OF ~d~ 1 ~/~,~UO _
Befo~e mr pe~sonally appeared _ Pe t Q t C. Sm 1 t h
- ~nd
Dolores Ann Smith
his wife, to me well knOwn aMl` 1~}~ .
the individu~I i d e s ui b e d i n • n
d w h o e x e c u t e d t he f w e g o i n g i ~ s t r u m e n t, a n d a c k n o w{ e d
p e d b, fore me t h a t t h ey execut e d t h s s~A~~,{
M• p~}
therein eapressed. And the sa:d Do2ores AI1t1 $161t~1 ,
+v~1e of the sa~d ~'6LeZ C. $R1L}1 Ti~ •
- ~ ~~r~; - .
e:am7nation by me taken separare and apa.f from hea sald husbsnd, acknowiedged ro•nd bcfae me thst she eaecuted saed ina ~t ~~I~ ~volun•~_;
ranly and w~thwit •ny computsion, constraint, sppr he or (ear of or irom her said husbanei. ~ ~ • -
WITNESS my hand and olf'r_7a1 sea! this_ day of- ~ Il~ ; ' ' -
t-
, .
otary Pu ~c in a r the St~te o Florid~,, 4
Rerom To: My Comm~s~ion expires: ~ `
fint Federal Savings 6 loan Associaho~
O/ Fort P.crce. ~~~~K~~~~~~~~~
" Fort ~~~rce, FloricSa ~~~~~~N~
Q~K ~ . ~
This lnstrument Pre red B O
Pa Y John W. Col l ins
First Federal Savi~gs & Loan Association
of Fort Pierce , F lor ida
Checked By ~ ~ ~
j~~ PACE ~
' {
- ' ~ ' :lh ~