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To plac~ and contG~wovaly kNp on tlw bvildinps now w M~uft~r ~itw~~ or aid Iand and on ~U puipmeet and pN~onally cowr~d bY +hls mo.tp~
g., with all pnmivms the~fon paid 4+ full. fin i~uu~~nc~ in ~M ~+swl ~undard poiKy tam, in a sum approv~d by tM MORTGAGEE. ~~d windi~am
'aaw~nq in th~ wual ~uod+~d policy iam, in ~ wm ~pprov~d by ~M AAORTGAGEE, in ~uch company a ton+p+~~~s ~s ~M NtORTGAGEE m+y
~rrscta and ~II flr~ ~nd wGdssam teuu~ea polkiei on MY Of NMI bVildilp~. alfy GIINN~ tINt~M Of afl IM(Wf, in tM a~pre9aq wm ~(an+W w
sn ~~aMS thM~o1. ~Iwll contah tM uswl u~nawd morg+~ cl~w~ a ivth aMr tlaus~ as IM Maty~pN may r~qui~~. makinp ~iw lou w~ ~~~d pdi-
ci.s, wc~ ~nd ~wry. paYabM ro s~id MORTGAGEE a~ ib iroKeu may +pp~+~. +ed e~cb +nd ~wry wch policy ~hsll b~ prempfly qs.pned ~nd d~livsr~d ro
my h~W by said MORTGJIGEE a fuhha secwity to ~+id mortys~ deW. +nd. not I~s tMn ~~n l10) days in ~dvanc~ of tM ~xpir~tion of ~ach policy, to da
liw+ b wid MORTGAGEE • ree~~wal therwf, top~~ha with • r~e~ip1 for 1M prKe?iwn of wcl~ ~~walj ~nd tlwr~ ~1++11 b~ no fin or wii+ds~am insw~nc~
pl~ad on ~ny of s~id b~ildinps, any i~tK~at tMnin w put thersof. ~nku i~ 1M fwrn ~nd wi~h tM Iws p+Yabb u~fw~s~ids and in tM ~wM ~ny wm ~ 3
oF moe~r b~cana p+y~bl~ und~r wch po1M? or polici~s ~aid MORTGAGEE ~ha{I Mw tl+~ option ro receiv~ ~od spply tM sam~ on ~ccou~t of th~ U+debt~ . ~
nns s~qK~d 1w~by a~o pKmit Nk! MORTGAGORS to ~~uivs and vs~ tt o~ any part thereo! for othe~ purposes, without thareb~ waivin9 w~mpair- €
Inp anr ~quity. liw~ or riyht w~clN or by v4tw of tha mortyap~t +~d k? IM ~we?t s~~d MORTGJ?GORS shall to~ any ~tasa+ i~il to ke~p ~M ~aid P~~mwa su . Z. • i
k+swed, o? f~il W d~livM prompfly ~ny oi' s+id politks ot imwanp to sa~d MORTGAGEE, w f~il promptly to p+y fully s~y p~emium fherefot w u? anY ~
resp~ct fail b p~fwn~ dhcMrqe. ~xecvt~. ~ff~ct. compl~t~. comp~y wirA u~d abid~ by tl~~s cownant, w any pur F+ereof, ssid MORTGAGfE may pl~oe and . ~
wr ~•~d~ a«+r w~ tti.~.o~ withovt w+ivinp . a ~ff~ctinp anY option, Il~n. eqvity, w riqht unda w by virtw of ~hii l~Mrtp+p~. and tM :
fu11 ~t of sad~ aed w~y weh paymMt sMll b~ i+++madiaroy dw and pyabl~ ~nd ~F+a11 b~ar int~r~st fran tM dat~ H+erwf vntfl paid +1 th~ ~at~ of _
~+~+e p~r o~mwn pK ~mwn aod together wirh such i~t~?est sMll b~ secvrod by tM li~n o~ this mo.tpp~. ~~J
To p~rmit. oomnlt ar wff~r no waiN. irt~P+Kment a d~takrNion o1 aid prope?ry o~ ony prrt tMr~of.
S. To piy all and sirp~l~r tM cosM, chupN a~d ~xP~ns~s, i^dudinp + ~~+son+ble anwmy'a iN and cwts oF abstracts of titt~. incvn~d w p~id
~ny time b~r wid MORTGAGEE, b~uua a~+ tM ~vK?t of ths failun on tM pa~t of ~M s~id IMORTGAGOR ro duly. promptlr and fully pNfa~n, d~schar~
sxecu~ ~ffW. oa~pMt~, coTply w~th and ~bid~ by ~ach ~nd w~ry th~ stipul~tions, apre~nts. condi~ian, aM! wvenaofs of said praniswrY oot~ and thi~ :
ma.ryap~ aoy a~ithN. and ~aid cosa. chupy and ~xp~nses. each and ~wry, sMll b~ immedia?~y dw u+d pay~bk: whe~Mr a nw tFw~ b~ notiu da .
msnd, NNmpt to ooll~ct w wN paidiop: +~d ti+~ fuU arnovnt of tach ~nd evsry wch Wym~M sh+ll bear interest from the date thareof ~ntil paid at tM 1
rafe of e~int pN o~ntum pa am?urn: srd all said oosts, chu9es s~d exper+ses incwred o? p~id. top~tMr with such intenst. ~MII b~ acu~ed by tM li~n of Mi~ ~
^+wtpgw .
b~ tlwt W in th~ ~wnt of any bnach of th(s Maty+p~ or dsfwlt on th~ psrt of th~ MORiGAGOR, or (b) ln tM ~vent any oi uid sw~a of moMy
herein nf~~d ro b~ r?W prumptly snd iuty p~id wi~hin thirty {30) days ~»xt ~frer tl+e ssme severatly becane dw ~nd payabl~. wi~hout d~m+nd or oo~~u,
w W in eM ~wM each and ~wry tM stip~rl~Ho~?~, preMr~ents, conditions and oovsrWnb of Nil~ p~OTi~fO~y fWfi a+d th~s mortp+p~ ~ny or ~ither an no1
os
iul~r, prompd~r ~nd fvly pKfo~m~d, d~scMr9ed, executed, effected, compkted, compli~d wi~h and abided by. tMn in a~har a~++y s~ch wsro th~ said a~
gra9+te aww msntiawd in wid promiuory not~ tMn rem+ininp unpaid. with int~r~sf acuwd, and all ma+tys tecur~d ha~by. ~II b~oo~eN dw ~nd paY-
~bte forthwith, a tMreaRa~. N th~ option of said MORTGAGEE, as fully ard completely ~i if all of ths said wms of moewy wsre wq~n+ly atipulated
ro be p~;d p~ wch daY. anytF?irg io said promiuwy oote a in this Mortys~a to ths conrnry notwithsta~+dinp: a~d therevpon or thereaftar at the op~~or? of
sa~d MORTGAGEE, without notia or d~mand, wit at I~w or in pvity, ther~as or the.eafra be9un, may be prosecuted ~s if all moneys secw~d her~by
had nwtvtd p"wt to iM irntitWion. , i,{
ihd in th~ rroat tMt st th~ b~giru~ing of or N any tuns pending u~y wit upon thia Mo.tg+g~, a to foncloH h, or to rofwm it. o~ to ~nfwcs i
payrnent of any dairro Iwrw~der, s+id MORTGAGEE shall apply to tM Cou.t Mving jurisdK~ion tl+e~eof fw ~he ~ppo~ntment of a Receiver, such Court sha~l ;
farrhwifh.~ppoint s ncsiwr oi ~aid mort~aped propa~ty ilI uK! su+putu, includu~y all ~nd singvlar the incom~. profits, hw~s and reveoues from what~ver i
sa,rce d~rived, ~ach u~d tvery of which, it beinp expceuly understood, a hersby mortgaged as if apeNfically set fwth ~nd d~wibed in th~ 9r~ntinp and
habendwn clausas hereof, ud such Receiva ~hal~ have ~q ths bro~d and effective fw+ct~a+s ~nd powers in anywiss entrusted b~r ~ Co~rt to a Rec~iv~r, and
wch appointm~nt ~MII be mad~ by wch Cowt as an admitted eq~iq and a m~ttN of ~bsolute ri~ht to said MORTGAGEE, ~nd without r~ferance ~o tM
+dequscy a in~dequ~cy of the wlw of the property mwty~ped or to tl+~ sotvency or insolvency of s~id MORTGAGOR w the defend+nn, and that such
renn, profia„ b~cane. iuves and rwemies sMll b~ applied by such Receiva accordin~ to th~ lian w aquity of sald MORiGAGEE ud th~ pradiu of wch ;
Court. - 3
a. To duly. p~anptly ~nd fvllr p~rform, dixMr~e, acecute. ~ffect, compkte, comply with ~nd abide by esch snd ~very tir stipulat~oro„ ~yreertients. ~
eandtiona ~ed eov~mms in sad promissory eot~ and rhis mo.~yaye ~t forth. , i
9. Thit b Mw wem th~ aw~crship of the rtwr~gsyed premises, or any part tF~eof, becomes vested in • peraon other than tM MORTGAGOR. 1M i
MORTGAGEE, its wa~essors and aui~ns, m~Y. withovt ratice to ~he N10RiGJ10R. deal with such wccessw w successor in imerest with referenct to this ~
mor~9a~ and the d~b~ herebr secured i~ tfie ssrn~ mannsr p with Mortgs~a witho~rt in any way vit~atiny a discMryinp tM Mortgagon' lisbility hK? ;
under a upon t!r debt hereby ~earnd. No s~l~ of tl+~ pemis~s hersbY ~~9+9ld and no forbearanae on. the p+n of ~h~ NWRTGAGEE or ia wae4sas :
w sugns and no exrMSion of tl+e time for tha" paymem of the debt hereby secwed y+ven by 1i+s MORTGAGEE or in succtsibrs w ass~yiu, ah+ll oper~t~
ro re~eaaS' +nod~h d++^p~ a~ff~ct th~ oriyiaal liabilitp of the MORiG/IGOR her~in. eitMr ln wl~ol~ « in put. :
:
10. N b sP~~M +9n~ that time k of ths esse~+cs of -this caMrad aad tMt no w~hror of ar~ obligatio~ herwnder. or of tl+t oblipaKon sa- s
cured F»r~b~? sh~ll ~t any firrw thereah~r be heW to be a w~ivas of the terms hereof or of ths irotrument acured hcrby. }
11. In addi~ion to th~ fonpo:og n~ooMlY paYrrKnts of princ:pal and irtterest reqvired by the prom+ssory ~'a?e secvred herebY, mort9spor covenanfs ~
and sgraes to p~y to morty+pse with exh r~thly payment ~n addiriwwl sum estimated by mortysgee ro be eqwl to 1/12 of the annual coit of the fdlow-
. - _ •
1?-AN resl p?operty taxes levied a assessed aysinst the above desuibed ~real esute. ~
b-Premiums on fi~e and windstarm inswante as he~ein requ~red to be carried on the improvements aitwte on the above destribed premises.
C-Prawiums on wch mortysye yu~raiuy inwrance ~s mortgsgee shall from t~me ro time drem fit to csrry on the bsn seeured h~reby.
Morl~q~e shall hom tirne to time naifY mwt9syw in writing of the smount due snd pay~bk hereunder and wch, wm shall tFwreupon be dw uid
payabi~ on tFr due dat~ of tM nekt monthly p+yment and each svtceuive monlfi thereaher until mortqsgee sh~tl nbtify' mortgagor of s thanye in wch
; a~,w,mt. Such wma shdl be spplied by mortsayee toward the payme~t of nsl properry tsxes, inwrance prere:una, and mortgay~ guaranty inw~ance
arem~
! WITNESS WHEREOf, t said MORTGAGOR has hereunto set his iand and ses) the d~y and ~ar first ~fores~id.
; Sw Ked M 1f+e p~s~nc~ of: ~
I • ..lr . ~ 4 t
' ~ ~
~ n
Patrfei~~. P1~9eCe (Ssap
SiATE OF FLORIOA ~ ;
SS.
courm oF ~o?.~~~
~ ~ ~~~~r Fi+e d J. Preeca - ;~,d
Patricia A. Preece h~ w~e, w m. ~i ~.~a `itz
rhe infiividu~b daaib~d in and wFa executed tiw 4or , b~for~ rm tMt tMy execvtsd the k~~v~
..~~ra~ •
a„~"~r~ci's~x`~°~:`~reece ~'~i L>
?herein .xpn...a. ~?na th. si ~ . ~
w,{e ~ +h...~ Fred J. Preece • ' ~
exa~rio+s~ion by ent taken ~eparN~ and spart from I~sr said husb+nd. +ck^awledped to and befor~ mt th~t she executsd said insn~~i~ .
larily ind MiAIWVt a11Y o0mPli~i~0~1. t0lfsttiiltf• +PPrehsnsionl w hu of w from ha id ~t=~;-~ ~ SY:~
d+Y . ~~~5,~~~_' f'~.
YYITNESS my Iwd aed official fsal t~rs E O., ; ~
'.x • ~r , ;t_~
~ : ~ . 4 ~y j c :
~f. WC~[ COlEiNTY F~~. rbr..~, P~wK in .nd ra ~t~e St.t. of, po.' .t ~ . • ; .
IIOCElt /OITRAS- MY eomm'u'°" "~p"e'' :f i ~
~ Return Ta. CLf RK r1R.U1!T~ COURT ~ ppp(jC ~te 01 F~Ot~ 'y~
~trsr hd~sl S.v~,~ i ~.o~ ~wc~+ran r cnf~^r: YER~FIEV~....~...~ ~p1(p Q~, I9n
~ Of FoH Pierce. ~ ~
~ F'°`~' OcT ~I 3 0~ PM'7~8Q654 ~ ~ _
f
This Instrument Prepared By RiehBrd K. Ksyes
First Federal Savi~gs b Loen Association
of Fort Pierce
Fort Pierte, Florida 33450
Checked By (1~ . ~ _ . .
' ' r- ~ ~«~7~ ~ 875 : ~
. . _ _ ' 8l" _
v'~~^'-+'.. . .~e?".-n . ~ .
. _ _ . . _ t- . . ~s~ ~