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3. To placr and connn~o~~'y ?erp on ~r.r 1,~,~ d.::3s now or b.•-rofier ~~~„~~e o+~ s:, d Is~~d a~d on al~ ~~,~p•nenl and pt~aan~lly COVe+ed by Ihia monq-
sgs, with •U ~uem~ums Ur_•u-o~ pe J ~n fuil, I~rr u~s~r.i~ ,c ~n thc ~.a.,~l ua~xi uJ ~,o:Ky form. ~n a t~m oHNru.rd b/ 1hr LKJRiGAGEE, a~~d v.~nJs~o~m
ins~rance in IM wua~ t~ancf.ird po':cy lunn, in •~v~~~ app~c.ed t~y tlie h1pRIGAGEE, in such compen~ or tomp~nici ~s thQ MORIGAGEE may
duKt; and all lire •nd w;nds+urm ~niuirntc poDc~c~ on ~ny oi a~rd b..~ld,nys, any ir~terr~t ~herc~n or ~e~~ lhcreol, in ~i~ sygreqe~e fum afatsaid w
in exc~sf Ihercof, ihall ;omofn thr usval s+.+~~d,~d mo•tge9re c~.+~se o~ wch u~hr~ c~auir af ~he Mo~tyayee may reqwr~, m~k~ny ~he tois w.de~ fe~d po!6
cie~, each and every, payab!e to •a~d AtORIGAGtE a~ ~ts u~~rrr~t may epprar, ~nd each and eve.y s~ch poi,c~ ~I~att be prar,p~ty •ugnrd •~~d detwrrrd ~p
•ny held ty sa~d IdORiGAGEE ss tunher 1e(~r~ty lo se~d ~noriga•~e d.bt, e~:d, no~ !eu ~han ~en (IQ) deys 7n ad+ance o~ the e,H~re~~on ol each poLcy, to d~-
IivK to feid MORiG~1GtE a ~rne»~ai th~~eo(, toyr~l~rr w~~h a rrce~~~~ for ~he prr~n:um ol auch renewa!; and ~I~rre thall be ra 6re or w~nd~ta~n insurance
~ p~Ktd on any o~ sa~d buitd~ngs, any ~ntr~et~ Ihrre~n or pa~1 tha~coi, un'.» in ~he fc~m erxl w~fh tM bss payeL{e as afore~oid; and in the evero any sum
of mO~ey beCOmM paydblC uncl0~ s:.ch ~oGcy or poLc,es saad MOkiGAGEE shall have ~?~r opnon ~o ~Ka~ve a~~J app:~ tha sama on eccount oi ~he indeb~rd~
ness fecured hereby w ~o perm~t sa~d IdORTGAGORS ro recr~vt and use i~ w an~ p;.r~ ii:_•:eot icr or~,. r~.w~ -srs. :,.r~:•,,,t th-..:,~ .v,,,,.,_~ ~r p:.r.
~~+g any equ~ty, tien p right undrr a by viri~~c of th~~ morrgehc; and in ~he even~ •~;d N10RTGAGORS shaU (w any reaaon fail to keep the said premisrf so
insured, pr fail io delive~ pranNilr any ot sa~d pol~cirs oi ~n~urance to sa~d MORiGAGEE, e~ f.,d ptomptly t0 pdy I~ity any p~e~nwm therefor or in anr
ro~p~d fail lo perform, d,scharg~, exec~re, ef(~c~, ca~~pl~?a, co:nply ar~th and .b~de by th~s covenan~, W en~ parl ht~lof, sa~d /AURTGAGEE m~y p~ace a~~tl
pay (a such insurence or any part ~he~eof w~ihou~ Na~v~ng or eltra~ng any opoon, lien, eqwry, or Nght unJe~ w by v~.tue o! ~his Mw~gaye, and the
lull amovnt o( asch a~d every s~ch pa~enant shall ba u,uncdietrly due and payaL•Ie and fhad be~r intr~cst iran ~he date ~hw:reoi until paid a1 the rote ol
nine per tantwn pe~ annum ond to~_aher v.~;h sv:h u~te~ust ~ha~i t:c secured by the ~ien of th~s mortyage.
1. To permi~, commft p su(fer np vvaste, impairment a Jctenorat~on of sa~d property w any part thereof.
5. To oey atl a~d singuls? the cos~s, chsrges and e:F,enses, fnclud~ng a reasonable atro•ney's fee and cos~s of absiracts of t~tle, incurred or pa~d at
eny time by sa~d MORTGAGEE, becaose or in thc evero of the fa~luro on ~he part of ~he said MORiGAGOR fo duly, prompUy and futly p@~(am, d~uha~ge.
exec~te, ef(ed, comptete, comply w~ih and ab:de by each ar.d every rhe st~pulanons, agree~»ents, cond~~~ons, and covenant~ of sa~d prom~s»ry no~e ~nd this
mortgepe any or e+~1ur, and ~a:d cos~s, cherges and eape~s~s, each and evary, shaq br inuned~ately dve and payabte; whe~her or not there be nonce d~
mand, attempt lo to~tecl w suit pend~ng; and the lu:t a~r,ount o! eech and every s~ch Gayment ahatf baar interest from the date thercpf unti{ paid at the
rare o~ nine ptr centwn ~n•r ao~wm; e~~~ a11 saK1 cc,sts, ciw~gr: a~•d eap~nies :ntur~cK! ar pa:d, toqr~her w~~h ~uth ~n~erest, shall be setured by the hen o) th~s
mortgsge.
6. Tha1 (a) in the event of any breach of th~s Morrgage or deiaufr on ~M part oi the MORTGAGOR, w;b) in the event soy of sa~d so~ns of money
here+n reterrrd ~o be not promprly and fu11y pa~d wisl;~n th,rt~ ~30! daya ~e.t arter the same aevera'Iy become due and payable, vv.~F~out demsnd o~ notite,
o~ (c) in the evem each and every ~he u~puiat~ons, ag~eements, cond;f~o~~s and covenan» ot sa d pro<<usio~y note and th~s morlgage any o~ either are nol
~uly, promptly and futly performed, dscharg~d, execu~ed, effecred. cornpleted, comphed wi~h and abided 5y, tt~en in e~fhe~ o~ eny such evem !he ta~d ag
greflate sum membned in said p~omiuory nore then rema~n~ng unpa:d, with iroere;t accrued. a~d a11 moneys secured hcreby, shalt brcome dve and pay-
able forthwith, or fherra{rer, at tha opnon of ae~d I.SORiGAC:Ff, as ful~y and con,ptetcly as if all of :he sa~d s~ms of money were or~g+na:ly s~~pu~ated
to be pald on such day, anyth~~.g in sa d p~o:n~ssory ~ote or in fh~s Mo+tgage ro the co~r.ary not~nritnitandi»g; and ~herevpo~ a ~he~eaftcv at the op~~on of
seid MORTGAGEE, w~thout noace or demand, au~t at iaw ur in eq~~t~, therefore or ti~errafter brgun, may be proaecuted as if all morteys secwed hereby
hsd mawrcd pr~or 10 ~t3 insiit~~~on.
7. That in the event that at the beginn~n9 of or at any ti~ne pend~r.g any su~t upon this Mo-tgage, a to fwectose it, or to reform it, or to e~fo?ce
payment ot any ci.~im: her~under, said h10RTGAG~E sha~i app!y to the Cuur~ having ~i.r~sd.Ctwn thetcol fo~ the appo~ntmem of a Rece~ver, such Court shail -
forthwith appoint a reteiver oi said mor:gagcd ~i~operfy otl and sicg~iar, inc~ud~ng ail and si..y~'ar ~he incon:e, profits, i~sue~ and ?evenues frOm whatever
wv.ce derived, each and avery oi w`,:ch, ~t be~r~g eapress!y unders+ood. ~s here~oy mortga9ed as ~f speaf~calfy xt Icreh and descrlbed in the gra~ting and
ha5e~dum ctavses hereof, and svch Rece~ver shali havz a? the broad a.+d efiecr~„e func~:ons and povre~s in anyw~se entrustrd by a Cou~t to a Reteiver, and
such appointment shail be made by such Covrt as an ad:~~itted equ~ty and a rraner of abao~ute r~gM to sa~d MORTGAGEE, and without reference to the
edequaty w inadeq~acy ol the val~e of the properry mo~~gaged or to the so,vrncy or ~nsoivency of said NLOcTGAGOR or the defendants, and thal such
rents, profits, income, iswes and revenues shaii be appf~ed by tuch Recer~er ec.ord~ng to the lien w rquity of sa~d MORTGAGEE and ~he pracr~ce of such
Court.
8. To duty, promptly and Iully perform, d~scharge, execute, effect, comptete, co~T.~,ly rvith ar~d abide by each and every the sf~pu!atians, a~~eements,
conditions and covenanra in aa~d prom~ssory no!e anrl tn:s martgage srt torth.
9. That in the evert the ownership uf the mortgaged prem~ses, o~ any par~ thercof, 6ecomes vested in a person other than tF+e S:ORTG~~~?R, the
A!ORTGAGEE, its successon ar.d ass~gns, may, w~+hovt ^cf~ce ro the A!02iGAOR. deal wrth w~h wccessor w successor in interest witA reference to th~s
mort9~e ard the drb~ t~ereby secured ~n ~he samr r..a~ ner as w~!h Morrgagor w~rhout ~n any way v~raung or d~scharp~ng the lJlorfgago~i tiab~t~ty l~err
under a upw~ the debt hereby secured. No sa?e of ~i~c F•cn~~srs he.eby mortgaged ~nd nc forbeara~c~ on the par~ oF the IAORTGAGEE or its successws
or ass~g~s and no extens~on of the time lor the paym.e~t of th~ debt hereby secured give~ by the MORTGAGEE or ~ts successors or ass:gns, s~~all operate
to reiease, d~xharge, mod~ty change w afiect fhe original Ilao~lity of the MpRiGAGOR herein, eithcr in whok or in part.
10. h is spedfica~iy agread ~ha? time is of the esse~ce of +his contrxt and that no waive~ of any obl~q~l7m hereunder or of the obtigation se-
tared hereby shaL a~ an~ time ~hereafter be heSd to be a waiver ~ the tecros hereof p of the instrument secured herby.
11. In add r.x, +o rhe forego'ng n,orth'y payn,~ms of p„n~ pal and inrr.est requi~ed by the pro«: ssory nae secu+ed hereb~, mortgagor covenants
3~~d agrees ro pay !e •no:rgagee in~rh each ~r:on•hty p~~,.,ent an add~rGonal sum esr n.afed by mo.rgagee to be equai to 1; 12 oi rhe annual cost of the follow-
;ng.
A-All real property taxes :evicd o~ 3ss^sr d ~g.~~~~s: tnc aL•ooe dFsa~. d re~a~ estate.
B- Pr~>:r.~u,ns on fire and windsrorm ~nwrente as here~n requ~red to be ca•neo en fne :mproveme~ts s:r~ate on th~ above described premises.
C-Pre:^iums on such mortgage guarar.ty ;esu-ar~ce as mort~agee sha:i lro-n t:me to'~nne deem fit to carry on the ban setured hereby.
Mortgagee s~a~i i.om ~~mP to r.~:e no+~f~ mc.tya~or ;n wr~nr•g of the a*rou~t due and payable hereundrr and such surn shall thereupon be due and
;.ayable on the dur ciate of ~he neri n:on~h: ~ payme~u e»d each wccessive momh therenf~er urnil mwtgagee shall not~fy mortgagor of a change in such
a~hovnt. Such sums s~~a i uP app ied by mor•ga~~:e tor.a~d the payrT:en; af real property taxes, insurance prem.ums, and mortgage guaranty insurance
n~emiumf.
IN Y/IINE55 WHEREOF, the sa~d MORiG~GOR has hercunto set h~s hand and aeat thc day and year first afwesaid.
Signed, Sealed e~d d~liver~J the presence of: ~
. ~ . _ O @! ~ _ ---(Seaq
_ e
, (Seaq
- ~ . (Seaq
- - (SesQ
~I
~ STATE Of FIORID
I St. L.t1Cle ~ u•
COUNTY OF _ _ _ _ ~
~ ~ RObelt C.
Befwe me rsonalt~ a rJf1 aZd a~
P~ ~ PP°ared ~
i Ma=y $h~ard h~s wi/e, to me well knawn and known to me to be
the individuals described ;n and who execured the forego~ng instr~ment, and acknowiedged before me that fhey executed the same for the purpous
~ therein expressed. And the .a.a___ Mary D. Shepard _
~ ++~fe of the said - RO~=t C. $t18{'ZaZd upon a separate and private
' examinat~on by me taken separate ar,d apart fram her sa~d husbarrl, acknowiedged to and before me that she executed said instrument freely and vo~un-
, ranly and w~thout any compu~sion, constra~nl, apprefiens~on, or fear of w from her said husband.
i
WITNE55 my hand and officia! seai thls_ 2_4~.-_-_ day of .J ~zV , A. D. 19 77
No~ery P„b~~r,' ~ a ior the State of fbrida ~t large
A1y Com~ni expires:
Retur~ To: t:_.! _ ' . '
~irst Federal Savings d Loan Associat:on ~,y ~ .
Of Fo•t Pe~ee B:Ir.ce~',
Forr P+erce, FtoriJ_~ ~
This Instrument Prepared By J. Hal Robezts~ J=. '
First Federal Savings 8 Loan Association ~~ti~
• . of Fort Pierc~ Florida ~ - ~ ~ - • ~
Checked By<~. f LE~ 4M0 ItEC0~i0ED ' ~
~f--- =~.lUCle COUMTY FL~. .
AOCER PofTRAS ' ~ ~
CtEAK CIRCUIT COU4T -
REr.ORD VERiF~Ep ~ ~ " -
C~If~s~ P~E 59~ ~~a 2r f~~~~ PH `
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