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To plete and cc-linuously 4ecp on ihe F,~ui!dings ~~ox or ha•eofler ~;tujto cn said land and on all equipmem a~id pen~n~~ly covered by Ihii mortg-
ape, vvith ell prem~ums t:.,reon pa~d in (ull, iue ins~~snce ~n thr vs.:al sia~w-iard ~o?~cy form, in a•um approvtd by Iha htURiGAGEE, and winds~orm ~
' insurance in Iho ~swl o~~nda~d Fol:cy furm, in a wm~ apprv~~ed by the R10RiG1GEE, in such company or companies as tha MORTGAGfE may _
, d;rtct; nnd ~f~ i~re and w~nQ~torm ins~•ance poi~c~cs en any o( aaiJ buil~l,ne,•y, ar~y inlerrsl ihere~n er perl thereot, in Iht eggregete •v~n a(cres~id or
,n eaceis thrreof, st~~ll contain if~c usw~ s+anciard ~nor~gagea cl~use or such o~her ci~use as iha ~~tar?yayee may ra.~u:ra, maling Iha i~ss under s~~d poli•
~ eie~, each ard eecry. pay~bl~ to said :IpRIGAGEE as ~ts intrr•_st rnay cppear, and each ~~::d every su<h paiicy thail be pron,Nny assgneci a„d JaGve~ed tu .
any hctd Uy sa~d 1.10R(C,AGEE as fv~ihr~ security to sa~~! n~ortga~a drbt, ~r.d, nat lesa thare ten (IO) days i:~ a~vanco of tha expfr~rio+i o} each pof~,y, to da•
' liver to said A10RiGr.GEE a re~i~~val the:ro(, to.je~her with a recaip~ for ih~•. prrmiun~ ot such reneaal; and Ihere sl~all be no (ire or ~vindstoam insura~te
plecaJ on any of said buildings, any ir.terest therein or pe~~ the~cof, ~n!csi in the furm and with ~he I~es payab!e as afaresaid; and in the event any sum
of money btsomCt p~yONlc undcr ~ach po~~cy or policics ea~d 1AORIGA(,EE t`.~II have Ih~ of~tion to reo:~ve and appty tha some on aaourN of Ihe i~dabted• _~,M ;
ne7s Secured h~reby Or to p~rn,~l said ~hORiGAGORS 10 rcCaivr and uae if o~ en~ p~~t Il~arcoE far c:iirr ~;utpOics, ~vilho~t Ih:r, i~; ,vai•.i.i,~ tr in+p~ir• ~ i
ing any cqu~ty, lien ur ri~hl under or by v~rtue oi th~s mo:'gsge; anJ in ~he evenf sa~d 1t10R1GAGORS ahall fo~ any reuon (ail to kcep ihe sa~J p:emises so ~
_ fnsured, or (ail fo d;(~~~~r pro~nptly any of sa~d policl,:s of insurancr to s~~d MORIGAG[E, cr fail prom~tly fo pay fully any pre~niuni ~hcrotor o~ in a~y
respecl_tril to po~fo~m, d~sch3rge, exe<vt~, e(fect, cofnp;etr, con•,ply wiih and abide by ~h1s cuvenanl, or any p~r1 hareo(, Said lt10RTG~GEE may plate and •
p~y for such insurance or a~y part thereof ~H~~hout v.aiving or affe.+ir.g any op~~on, tien, equ~ty, or r;gh~ und~r or by virtue o( thi• Mor:gaga, a~d tht ~
fulf amount of e~ch ar.d e~~e~y such psy+nc~u sh~ll bc immediately Juc and ~~yab!c and shail hrar interesl From ihe data th~rcof ur.til p,:id at the rote ot
nir.e pcr tentvm ~;er .~nnu:n aniJ to,~-7Lo-~ 1si~h s~~:h int~ri~st ehail b~ s+~cured hy the liei of th~s rc~ortyage. • ~
t
-t. To prrmi~, c~rnnzit or su(fer nu waste, ir:ipairment or dctariorot~on of sa~J propertr or any parl tleereaf, i
5. To pay all ar.c! singu~ar the <os~s, charges and expenses, indud~ng a reaso:~ab!e attomey's fee and costs o( ab~ttac+s of titlr, inwrred or paid at t
. any tin:e by s~~d h50R1GAGfE, bc•cavse or i~~ the event o1 ~!i_ fail~re on IFe parl of the s3~d MORiGAGOR to duly, promptly and ~vily perform, d~scharge, ~
execute, effect, cemptete, ccmply with and ab~Ja by each and every the stipu!anons, agreements, tonditions, and covenanrs of said pro.nissory ~ote and Ihis
niortgage any or either, ar,d s3:d costs, charges and rxFensea, each and avary, shall be ~m~nadialety d~e and payable; whether or not there be notite da '
mand, atrempf io collect or su~t pending; and the fvll J~nOUnt of each and e•+ery svch paymenf shall 6ea~ interest from the date ther~of until paid at the ~
, r:~te ot nine uer centu;n ~;er an~~ua, a~~~! ai; saici custs, chirges a•~d e,c;>c~~;:s ~ncvrred or pasd, io}ethcr ;v~th such interast, shati be secured by Ihe lien of 1hE~ ~
mortgcgc. ' . ~
6. ihat (a) in tha event of any breach of this Alorrgagz or de(av~t on ths parr of the !.'.ORTGAGOR, or {b) in the evenl any of sa'd sums of money ~
herein reterrz~ to ba n;st pro~nptly und l~liy paid .:~ithin Iti~rty i30) da~s next aiter the sa•,~e severalSy 6ecome du~ and payable, without demand or notice, ~
or (t) in th~ eveM cath and evcry thc stipu~ations, a9raements, co.^.d~tions and tovena~i~s of sa:d promissory ~,~ta and ih~s morlgage ar.y or either ere no1 ~
~uly, l:ro~opt{y ~nd iully p~rforrr.ed, ci;scFi~rg_J, ~xeculed, erfettcd, co:op!eted, co:nplied wifh and abided tiy, then in e~ther or any svch evem the said ag- ~
grrgatr sum mention~d in sa,d prornisswy no;a thcn re:~~ainir.g unpafd, with interr.;t accrued, and atl moneys setured hereby, shal!-become due and pay-
abte !cr`:,~•ith, or ihereatrer, at the ep!~e.~ c~f ss:d A!O?.iGi~GEE, as fully anci comp!etely as if a11 of tfie said sums of money Here or~ginally s~~pulated !
to be pa d on suth day, a~ything :n s3.d p~e:nissory r.ote cr er. this 1.lougaga to thu ca~trary nott•f~thstrnding; and tFereupon Ot Ihereafter at the Op~~on of -
snid A10RTGAGEE, v.ithovt no~tcr or ~+::~,3„d, sv~t at lav: or in eq~~ty, there(ore or thereafter bec~un, may be prosecWed as if all moneys secured hereby
had n~awreJ prwr ~o ns i~st:t~ticn. _ - _
7. Thsf en the event thai at thr bs~inn:ny uf or a: any tl~:. pendinc~ any su~t upcn lhis 41or1gage, or to foreclose ii, or to reform it, or fo enforce
Fayn:ent of any (iaims hcrcur.dcr, sa;d :!ORTGi~G'= s1~a;i aF>p!y ~o the Cov:~ ha.•in.~ ji~.~sduion ~hereof for ~he bppcintment oi a Reteiver, such Co~rt shall ~
for~h.•,irh aF~oim a r~ce~~er ef xa?d n~o:tnaycd prop~~ty a1! end tin~~lar, int;v~.ny a:l and sin_iu~ar ti~e inceme, profits, issues and revemses irom whatever '
sorce der„red, e:~h ar@ e~ery ef r~}~:c.h, be~ng r..p:ess!y VnC{CtStO^(I, is h~~reb~ r.~.~igsg~•d as if spec~i~ca!ly set forth and describrd in the 9ranting ard
habe~Tdum clauses heraof, and such Qeceivar shaii ha~a a'•1 :t~e broad and effec~~~+e f~rct~cns a~d po.ve~s in any~,vise ent~usted by a Courl to a Rrceiver, and
such appoin!me~~t sh~it bc macle by svch Court as ~n ad,ni~ted rquity and a mattcr oi ab~o!utc right to said h10RTGAGEE, and withcut reference to the ~
adequacy or inadzquac~ of the vaiue of tn-: property rt~ort3ayEd or to tl~e so;vcncy or in;oh•enc~ ef sa~d MORTGAGUR or the dafenJan:s, and 7hat such ~
renrs. proiits, inco+ne, iss~es and revenues shait be ap=~iied by such Receiver ac.ord;r.g to Ihe fien or eq.~ty of said fhORTGAGEE and the practice of such
Court. - _ ' i
8. Ta d~~'y, pier.,rr:y a~.d fut?y E~er?or;,i, d;sch>rg~, execute, effect, com~~ete, cen+piy w;th and ab~de by each and every th> stipulations, agreemeMs, ' 3
cor.d~tions and covenants s3:d p,c.n~sso:v ne!e ar.d th:= rt,crtgage set fo:th.
9. 7F.at in.ihe eve: t the o:lnersi:i, of the n~ortgaged ptem~ses, or a::y part thereof, 6etomes vestecl in a person other than the 1.10RTGAGOR, the -
h'C. 'TGi+GEE, i?s St~CCC55'v.'S ar.d ass:gc~, may, w~~h~ue r,ot~c~_ to ~h~ ~:,ORTGAOQ, deat •,V,:h :uch successor or successor in interest with reference to this ~ ~
~ mu•iejagC ara t?ie deb~ hrreby secu:c~d in tF;e ssrr.c n,anr:~r aa •xi;}i !:~ortJagor vr~lhout in ar~y way vitiating or discharging fhe 1,lortyagors' liability here• .
ur.der or upo~~ the ci~b~ ir~rec~ sec~~r~•:!. :Jo s?'r of ;he F:r~•n:ises hereby mertgzg.;d ard r.o forbearance o~ Ihe part of the 1.',ORTGHGEE or its wccessors ?
or ass~~ns and no extenslci oi rhe ~i::,_ fo: ihe payrr.c•:~! of t},_ d,br },^,,;~-y s~~c~red g~ven by the t.'!ORTGAGEE er :ts successors or ass;gns, ahall operate -
_ . to re!ease, d:scha~g•., mod+fy thar,3e o• affect tM,~: or:g~nal liai~:~~:y of the /.',ORTGAGOK t:ere~n, either in whule or in pa~t. ~
10. It is spe~;fic3i;y agreed that ti:nc- is of th~ esser,ce of th;s controct and thjt no ~vaiver eF any obligat~on hereunder or of the obligation se-
cured hareby s}:a!! at 3!tf ~IT.E- ther~after b~.h•~1~ to 6e a waiver of fhe te:ms hereof c,r o( the instrurnent secured herby. ~ - -j
' I1. In a:i:i.r,~: to ~he fore~o'n~ n~o^i.:'y ~,r;n;~nts et p~i~:c~~a: a~d irterezt requ~red by !I~e promissory no!e sec~red hereby, mortgagor covenants ~
and agrees to rai '•'~'!Fa ~...}.:'h`; p~•,~.;er.t an a~+:i,~;cn;i su~~ ~st~n:a'~d hy mertgagee ro be equai to } f 12 0.' ~he annval cost of the follow-
ing: - . . ' . .
~
. A-A!I reai f.repcrt, fai:~s 'ev~_d or as>_,s<eri aa~~-sr tl:. a^~:e descr~"ocd real estatc.
~ 6- Pra,,:~u-ns on i~re a~d v.ir.ds*orrn msu•~-.ce .~s i:ere~n rcqu~red to te tar. ied on ~h_ :m.F,rov~me~ts situate on the above descrihed premises. ~ ~
C-pr_m;~~.:s en SL'i't morg=ge qu3rzr::y i.:s~rar:_e as :ncctgag_e sh~ii fro•r. r~rr.e to ;i~~e deer~ fit to carry on the loan secured hereby.
t.Sortgage~~ sha'i irem :~rr,•~ r~„e nct?f; mc~t•~a~~~ ~n r:rEt:ng of the a:r.ovnt du? ar.d p~yable hereundar and such sum shatl thereupon be d~e and ~
payab!n an the cl:,e ca~•~ o` ~h: cext ;;:c~tnE~ r?y~~~e:v a•-d eacf~ succcssi.~e mo•^.~h tnereaft~r u~:iii mortgagee shall notify rriortgzgor of a change in such ~
an:ount. Svth wms sFa:I be appGed 'oy ~?io~tq?y::_ to::acd the paymer,t of real property taxes, insurance prem:ums, ~and mortgage g~aranty insvrance 1
premiui:s. _
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, 1'J i+iT :cSS :`.~iiE+'tcCF,- ihe sa~d t.',OR1G:.GC2 Fas here~~to set h~s hsr,d ar.d scal tfie day and ear fint afo said. . j
Signed, Sea!ed and delivefed in the presence of: . ~L~~,~ ' {
~,/~y,f C.~~Gv~
~ -~-a~ ' ~ S - ~ :
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` . ($eal) !
` f LL ? y..- _(Seai) S
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~ (Seaq ~
STAT: OF ORICA ~ _ - ~
4
caurarv oF 1,uc ie---- ~
eet,;r~ m~ pers.;na':y ~ppe~red ~~tr1C}C ~IcCabe ~ a sinc~e adult and Floyd Townsend
ar.d
_~Zlta Townsend ~ t,~j ~vife, to me v~e? k~o•srn ard k~cvfn to me to be `
the ir:d~•:idua!s des;rb_d in and ~::ho exec~~ted the io:ege~rg instrum:m, and acknof:Iedged ~fore me that they executed ihe same for the purposes ~
- therein express_d. ~1nd th~ said___ "ltd Townsend ~ ~ s
wife of tha ~a,~ Flo~d Townsend ~ ~Po~ a separate and private . ~ _
exam~nat~on 6y n:e taken s>pa:atc and a, art frcm her said husband, acknov.tedged ro and before me that she exetuted said instrurrer.t freefy and volurr -
rarily and x•:thcut any compu!sion, constraint, a;.preh~r.s:an, or fear of ar from her said husband. • ' -
- .~'lIT~lc55 my ha~~d ar.d offici~l seal th;s_._._ 6th day of Tt~3.V - ~.A, p.'19~75 - ~
~ ~ . _
. `c; :
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Notary Pub!ic in and for Ihe SfeFe:qf Fbri4~"qf`LarQy t';: ~ ~
_ ' hty Comm~:sion expires: L
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- Retum To: -.c~~~~~~ - i i
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firsl Federa! Sav~ngs G Loan Associat:on - , < : :
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- - - ~ ~a _ • - -
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Of 'o~! P~crc~. . c.. ~ - _
Fort P:erce. Flcrida - ;3 ~E,. • ~ . ' s
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FII.~U ~r~%y~~EU `1"U `~'~'`~r• •~."1'~1 _ '
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- S7.WC~= ~~l!NS ~lA• ~U ".a. z - i
:1~AS ~
This Instrument Prepared By Cary F. Ellwoac] Ra`'E"'.'~~j Ce;fRf . - 3
F~rst FedeRrl Savin s 8~ Loan Association ~~f,fiR.G~~-,~~ . -
g oc!;i';t ~ Y£p~: IEl :
: of Fort Pierce , Florida ' ~ O~ _ r
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Checked By _ ~AY ~ ~ ` ~
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. . 30'~$~2 ~
~~oox ~39 Q~~E1~~9 _ _ ~ _ - - , _ - ,
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