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To pl~ aewl continuov~ly lNp on ~h~ buildinps ~w~w or M.~ahN ~itvaN on ~aW I~nd and oe~ all eq~ipm~nl u~d pNw~alty cownd by .IN~ monp~
p~, with ~11 pnmiwm ~1Nreon p~~d in f~li, }in insuruu~ in tM ~tual iu~rd policy torrn In ~ awn wprowd by th~ MOR~GAGEE. ~nd winds~o~m
M~w~ in U» ww! sunda.d poi~cy fam. in • w+e .pprov.d by ~h~ MORTG~GEE. k~ wch cornpany or compania a tM MORTGAGEE nNy
dinctl and NI f1n and wind~arn? inw.ann po~ici.s on N?y o1 u1d but~dWp~. ~nY totK~?t th«ein w part tlwnot, in ~M ~pyrp~~~ ~wn ~fa~wid a
In ~aau ~hKwf. ~MO contaln tM uswl i~~ndard ma~Qaqe~ dwt~ a such othw c~aw~ a tM Maty+yN n+ay rpuu~, nwkieq tM Iws wkie~ ud palE •
ciq, ~ac6 u?d ~vN1r. p~Yabl~ w uid MORTGIIGEE a its In~~st may ~pp~ar. and ~ach and ~wry ~ud~ politp ~hatl b~ pranptly ~u.qn~d and d~tiv~~~d ~o
~ryr h~ld by said MORiGAGEE u(wtha Kcurlty ro said mor~p~ d~W. ~nd. ~wl I~+s tMe tu~ (10) day~ in advsnc~ o) tM ~ap'u~KOn of Nch pol~ty. ~o dM = ~
II,~ ro uid MORTGAGEE a rwNwd tiwwf, ~opaFrr whh ...c.~p~ ta rM a.miwe oi wch r~new~lj ~~+d rl~~ ~hall b~ no f~r~ « winds~am t~w.anc~ ~
p~+ud on soy of aid buildir~p~, any iruNU~ th~r~in or p+rt rM~wi. unl~u to tM twm ~nd wi~h ~h~ la~ pa~abl~ u~to~~atd~ and io rM •v~nt aMr sum
of nan~y b~con+es payabl~ undw wch poUcy o~ policas s+id MORTGAGEE ~Full Mw ~M ovtion ~o .~ceiw and applr IM ~am~ on ~ccouM ol tM ind~b~ed~ f
twa kcut~d he~~by w b pNmi1 uid 1MORi(iAGORS a rKe1v~ ~nd us~ it a+ny pert thereof tw othe. pu.poses, witho~t rhe.eo~ waivi~~ a~mpai.. •
1np ~nY puib. IiM pI riphl u~ds~ O? by virfW Of thi~ p~prtqapli and {n f1N ~vtnf N+d MORTGAGOR$ sMll 1p Wfy ?eason fail to keip tM NW p~nNN! W
h~w~d, a fail b d~GvK promptlY any of pk! policies ol inswanc~ to said MORTGAGEE, a taU promptly f0 pay fvlly any pranium ther~fw a in sny
~~sp~ct lall b pafan~, dischuye, f7lKVtt. tH~c1, oompltte, comply wirh aod ~bid~ by thi~ cov~nant, O~ any pail herp~, iaid NIORTGAGEE m~y pl~c~ a~d
WY ~ wch tnw?~nca or ~ny pa~t tMreof withoul waivinp or sif~ctinp ~m op~;on, 1{en, p~;ty, or rqht undN a by virtw of thii Maty~. ~nd th~ ;
full ~mounl oi sach and ~vKy wch p~ym~M sh~11 b~ immedwtely dw and pr~bt~ and shall bear im~rest from tM d~t~ Ihe~~of ~n~il paid ~t tM rat~ of
nirw pa centum p~ aruwm ~nd top~~her with wch i~terest ihall b~ sacwed by tM IiM of tlds mwtp~gs. ~ ~
1. To p~nei1. commit a su!fe? ~o wut~. Mnpairment or deterior~tan of ~aid propaty w u~y psrt ~h~~eof. i ;
5. To pay all a~d ~irgvlar th~ cata, cMrqes Md expen~s, inclvdinp a ~e~sonable ~nor~ey's fee a~d cos~~ of ~b~n~N~ oi Iitl~. incurred o~ p~id at ~
~ny tirne by isid MORTGAGEE, ~ecauie a in the tv~nt of tM f~ilure on tik parl of /M uid MORiGAGpR ro duly, promptly and fully pN(orny disch~q~ `
~xecuts. effw, compl~n, compty w~th ~nd ab:d~ by each a~d every the uipula~ioeu, ayreament~. co~difqm. ~nd oowrwnq o1 said promissory note and fhu
moriype aMr w eirl,~. and ~a~d ewy charqas ~nd expenses. each and weryr. iMll b~ immsd~ately dw and payable: whetF?e? a not tMrt b~ eso~ice do-
mu~d, arremp~ ~o colisct a wi~ pand~ry; and ~h~ tull xraum of each and wery wch paymam sha11 be.. interest f~oen ~FK date tF+~reof vn~il paid at ~FK
rate of ni~e pe~ centum per annum; ~nd dl wid costi, char8es and eapentes incurred a paid. topether w~th such intsroit, ~11 bs s~turad by tM lien of tlw
~9~• _
6. Thaf (a) in the ~vent of ~ny brcach of N?i~ 1Nortgay~ or defau~t on tM part of tAe MORTGAGOR, w(b) in tM wer?t ~ny of ~aid wms of mon~y
herein r~f~rred lo b~ no1 promptly and fully paid within tRirry (30) days nexl after the same severaSty become due and payabte, wi~how d~rnand o~ notice, ~
o~ (c? in tAe event exh and e-~rery the ~Hpulatiwu. agreement~: condi~ions and covenanb of ss~d promissory note and th;s mwlya~e any p sither ue nol '
~uly, prompNy and tutly pe~formed, d~xMrged, execu~ed, afFected, complered, comps~ed wi~h and ab~ded Sy, ~hen in a~her a any such ev~nf tM sa~d ag i
pragat~ wm m~nt'qned in said p?omiuory note then rsmai~iny u~paid, with intaesf acuued, and atl moneys secured he~~by, shiN be~ww~ dw ~nd p~y- ' i
~ble falhwitfi, w thcreafra, ~rtha option of said MORTGAGEE, es fvlly a~d completely as i1 all of ~he said wms of monay were a~ginally st~pulated
ro bs paid on such day, anything i~ sa:d p~omissory note or in thia Mortgage ro the contrary notw;thstsnd~np; and Ihaevpon a thereafter at the opt~on of ~
said MORTGAGEE. without noriGe w demand, suit at law d in equity, ther~Fore w therealter bcgun, may be {xoxcuted as if a~l nwneys Lecured hereby y} -
had matvred pra~ ro~ts iru~itwion.
7. TMt in the evrnt that at the beginning of w~t any time pend~rg ~ny suit upon this Mortgage, .or to forecbse h, w to reform it, w to en(orce ?
paymeM of a~y claims hereunder, said MORTGAGEE shali apply fo the Court having jwiid~ction fhereof fw ~he appo~ntment of a Receiver, such Coun shall
Fathwi?h ~ppoint a receiwr~of said mortgaged property all ~nd :inyuiar, includ:~g a{I and singulsr 1he income, proiits, iuues and revenue~ (rom whatever
wu~ce derived, eacl+ end tvery of which, it being expre»Ir underuood, is he~eby moregaged as if spec~tiully sef fwth and desuibed in the y?anring a:+d
habeedum clauset hereof, snd sych Receiver shall have atl the b?oad and eifective fund~ons and pov.ers in anywise tnuu~ted by ~ Court to a Receivsr, ~nd
such appointmeM iha11 be mad~ by such Court as an edrr.i~ted equ;ry ~nd s matrer ot absolufe rigM to said MORTGAGEE, and witFwul relerence ro fhe
adequ~cy or i~~dequacy of the wlue.oi the property mort9ayed w to tF~e saivency w insolvency of said 1NORtGAGOR a tM defendanri, ~nd that such
rents, profits, intome, ~uues and ~evenue~ shaq be apptied by svch Receiver ~ccording to the lien w equity of said JNORTGAGEE and tM pradiu of such .
Coun.
8. To duly, promptiy snd fully p~r(wm, d~scharge, execute, eifett, complete, tompty with and abide by each ~nd evcry fFh stiputations, prtert~ents,
ca~ditions and covenants in sa~d promisso:y rate and this mortgage set forth.
9. TMt in the event the ownership of the mortgaged premises, a ~ny par( thaeof, becomes vestcd io a person other than the MORTGAGOQ, the
MORTGAGEE, it~ iuicessors snd au~gns, may, w~fhout no+ice to the MORiGAOR, dea0 witF? such successor w:uccessor in intcrcit with reference to this
mortgsye and the debt hcreby secur~d in the same mamer-as with Mortpayw w~thout in a~y rv~y vitiatiny w d~uhug~ng the Mwiysgors' li~bility Ikre-
~nder w upon the debt hereby aecured. No sate of fhe premises hereby mafgsged and no fo.bea~~nce on the part of the MORTGAGEE or ita successon
w augro snd no exrension of ~he time fw the payment o! the dabt hereby secured 9iven by the MORTCaAGEE or iri succeswrs w ass~ns, sl?all operats x
ro releas~, d~xharye, mod~ty thanye or •fFett the original l;abil~tr of tF~e MORTGAGOR 1~erei~, ~ithsr in wFwk a in put. ~
10. It is spec~P~catly agreed tha~ time i~ of the eueoce of thy cornract and tMt no waiver of any obl;gation hNCUrder a of ~he oblig~tion se- F
ared hereby sha11 ~t any time thereaftet be held to be • wai~er of the terms hereof or of the irest~urteent sec~red herby.
11. In add~tion to the fwego:ng monthly paymsnts of princ pal end inre~eat requ~red by the promtswry ?q!e secur~ ~reby, mortgsgor covenanb
and egrees to pay to mo:tgsgee wi~h eacfi monthly payrnent a~ add~riona! sum est~m.ated by mortgsgee to be equal to 1 j12 of ttr_ annua) cost of the foilow-
ir~y: . ~
A-All rea~ property taxes kvied or assessed agai~st the abov~ d•scribed real estate_
B-Pre+nfu~na on }~re a~d windsto~m insurar.ce as ixrein requNed ro be ca~ried on ~he ~mprovements situate on the above described premises, ' ;
C-Premiums on such mortgage guaranty insurar,ce as rr.ostgagee shall from t~me to time deem fit to carry o~ the loan setured hereby.
Mortgagee shali from time to t~rne not~fy mongagor i~ wr;ring pf the amount due and payable hereunder and such sum shall the~eupon 6e dve and
payabte on the due date of the next monfhiy payment and exh wcccssive month there~fter urtil mo~tgagee shall notify mortgagor of a change in such
amouM. Such sums shall be app:ied by mortgag~e roward !he payment of real property taxes, insurance prem:ums, and rtw~tgage guaranty insurance
premiums. _ -
IN WITNESS HEREOF; the MORiGAGOR has hereunlo set his hand and seal the day and year first afpesaid.
. Se • lver presence of: ~
i .
~ er . . c . zi ,
~ • ~
_ ~ : 1'lts ' ~
- oris c enzie °n ~
~
b~ i~ l~c•-.,-„~
STATE OF f}6RfDA ~ _
courm oF T~ 5 u' -
s~fo.~ a~tty aP~,.~d M?alter H. ~1cKenzie e~
DOr15 I~. ~Ic~enzie his wife, to me well known and ~oaNtoi4pJtp b~ ;
the individwb deuribed in and who executed the fwegoirg instrumsnt, and acknpw{edged befwe me that they executed the s+tn4e ~(a~ 4F~r ~p~s ;
, therein expressed. And the sa~d DOi15 D. :•1c1:@nZi@ ~ ~ .1 . ~
,~re or the se~d walter H. '•1cKenzie - ~ ~ S!~•• ~
~P~' I '•~d ~t~ ; 3
ex~mi~ation by me tsken separate and_apart from her said husband, ackrqwledged tu a,?d belore m~ that she executed said_ir~ne`~lt=f'ne~'iW:~dw1?~
tarily u~d without a~r computsion, constraint, spprehension, q fear of ot from h~y said Fwsband. ' a!; ~ n:: l~; '-3' '
WITNE55 my hsnd end official seal this_ 1~~ day of necember '~~,~~f(~~'~ =
/ ` `t`C ~`,j >st j~ ~ :
.Jr
~ '
Nota Public in and for the State of•_ ' • l~i~~'~1 r
My Commission expites: Q,' ) ~ '
Return To: ~
7- ~ ~ ~J C` • ~
fint Feder~l Savings 3 loan Association •,.s,ns~`~~~~~ "
Of ~ort P:erce.
Fort Pierce, FbriJa
" z
This Instrument Prepared By +'a 1 Fot,ert s~ .~r . J~ " 2~ al'1 (
First Federa) Savings ~ Loan Association '
of Fort Pierce , ~lorida ' f~~EDAK9PECORD'_0
it.LUC1ECOt~NtY,FIA. ~
Checked By ~ • , ~ . ~tOGER?„t~;~5 .
- CIERi~ CIRCtili GOURT
~ R ~ ~teo~o vFa~r~EO
bo~c~~ ~ ~ ~ _ 35~3,
~
. ,
S,.