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. 3. To place and toroinuousiy keep an the bui!d~r.gs no.~ or I~erea(tet s~tuita on sa~d land ant3 on all equipnient and personalty coveied by this morlfl•
ago, witti all prcmi~ms thereon pa~d in ~utl, lire insur,~r.c~ ir. Ihe usc'al s~aixl~~d F~'~cy io~m, in a sum app~v+ed by Iha MORIG~G[E, and w~ndstorm
insurance in th4 uwal standa~d not~ty (orm, in a sun~ approvcd l,y the AtiOR1Gi.GFE, in wch cumpany o~ tompa~ies es the h10RTGAC~EE may
diretl; and all {ire and ~~~i~dsrorm insuta~±ce polici~•s on eny of sa~d bui~d~nys, any interetl thetein ~r parl Il:erttof, in tha agg~egala wm aforesaid or
In excess Ihereof, sh~U contain tha usuaf s'andard mort~Ja9ce clause or such o~her ci~~,e as ~ha A1o~~gagea,may ~equ~re, making Iha los~ undrr sa~d poli• ; i
cies, eath and rvcry, payab!e to said ,1lORTGAG.E as ~ts ~~~t~~r.~t n;ay appear, and esth and e~ery such p~!dcl shall be promplly afs g~~ed and delivered ~o
any held by s~:d ~IOA(GAGEE ps furiher securiry te said mort9age debt, a~~d, no~ lesn thsn ten (10? ds~s in ad+an<e of the expiration oi each policy, to de• - Y `
liver to said A10R.*G~1GfE a ren,;vral thereof, Iogelher wilh a rece~pt for the prc:nium o( s~~ch ~ener+ai; and ~h~re shaU he no f~re or ~vinds~o~m insurance '
placzd on any of sa~d buildinys, any interest thereln oi oar~ thcrcoF, un!<st in ~he fam and wiih t`•a loss payable as a(orasaid; and in the event any sum _ ~
of n:oney becor,irs payabte ~~ndrr such policy or pofcies sa~d 1,10R1GAGEE s~~a~l havc thv opt~on ta rec~ive and ap, !y Ihe same on accou~~l o( the ind~bted• ~
nesi setuc~•tl hereby or to permil said A50RTG/1GC1RJ ro ri•caive and use it ur any p~'rt ti~•r.eaf for o;h~~~ pu+E~eses, ~vitf:oul Ih~~ai» •.vau~n~ er ~mp3ir ~
ing zny equity, lien or ric~ht undcr or by virtue of Ihis mo~!gag~; and in the evenl se d 1.~ORTGAGORS sh311 for any ~C~son fail to keep the said premises so
tnsuted, or (ail to deliv.r proro}~11y any of s~id poGties of insurante lo sa:8 MORTuAGtE, or (oil pccmptly lo pay (ully any premium Ihcr~i0r or in any _
respect fail to perform, d~schacge, executr, efFrc~, cop~piete, co:nply wiih and abide by this covc~~anl, or any pa~t hareoi, s~id h10RTvj:GEE may p~ace and .
a for such insurance or an arl thrreof .vithout ~vaivin or a(fectin. an o 1ion, lien, e ui1 or ri ht under o~ b virtue of this Mort a e, and the A~"' ~
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full an:ounf ol rach and ever ~ such ~ymenl shall be ~~r.mediately due and. Fuyabte and thall bear inte~est iron ~ha data lhcrcof unlil paid at the rate ol
nine per c^ntu;n par a~anum ~nd tc~~il;er ~•.ith r.::h in~a~~~~~ sh;~i 1..~ scc~:.~:! by tha lien of thi~ mongage• ~
d. io permi?, commit or suffer no ~vaslr, impairment or ClfNlipfdtiOfl of said property ur any parl thereof. ' ?
5. 1o pay all and sing~lar the costs, charges and expenses, including a reasonable attomey's fee and costs oi abstracls of title, incurred or paiJ at i
any tin:c by said h1GR1GAGEE, becausc or in the event of the (ailure en the part of ihe sald 1,10RiGAGOR to du~y, pron+ptty and fully perlorm, distharge,
exetvfe, elfet~, complete, comply wrth and aU:de by each and every the stip~la~~ons, agr~c~~~enu, cond~tions, and covenants of said promissory note and this
mortga~a any or either, and sa~d c~s1s, charges ar.d axpenses, each and every, S~I.lII t7B ~m~nedi~tely due and payable; whct4~r or not there b.: notice ds
mand, attempt to collect ur suit pand~ny; and the full a,novnl of each and every such payment shall 6ear intcrest from the ~ate 1' ereof unril paid at the
_ ram of n~.la uer centu~n Fo! o~::~:;m; a•~d ali iaid ':0f15, (Rd73t;S nnd rR;:enses Lx~ired er pa~d, to~cther w~th s~ch iNcrest, shall be sewred by the lien oi th:s . ;
mortgage. . ~
6. Thai (a) in fhe event of any b:each of tFis Vlortc~ega or defauh on the part of the 1l!ORTGAGOR, or (bl in Ihe event any of sa:d sums of money
herein_referrad to be not pro~z~pely and fully pa~d ui~hin ~hirry (30) days r,ezt ~~rcr ~h:• zame sr:craity bec~~~~c iiuc and payable, without demand or notice, ;
or (c) in tha event each and every the st~puiations, a3reements, cor.ditions ar,d cuvc::ams of sid prontisse~y note and th~s morfgage any or either are ~01 !
~uly, promptly and fully ~.erfor~r.ed, d.s:harged, exewt~d, effected, cor,~pleteJ; cempt~ed v:~th and a~ided yy, 1l~en in e~ther or any such evenl the said ag~ -
' gre9~te sum mentioi~ed in said E:romissory netc Ihen re~naining ur.pa:i, with ifver~st acuued, and a~l moneys secured hereby, shall become due and pay
abte (orthwith, or Ihereattcr, at the opt~on of s.,id 1.SO~iGAG<<, as fu~ly arxl comp!e!e'y as ii ail of the said sums oi money wcre or~ginalty st~pulated
to be pa[d on such dsy, anything in sa:d Fron:iss:,rr note or in this ,~lortgage ro the cavrary nohvithstanding; and ~hereupon or therea(te! at the option of
said h10RTGAGEE, withcut no~~cc or demand, suit ~t la~v or in equity, therefo~e or therral~er hrgun, may be prosewted as if all moneys secured hereby
, had mitured prior lo its institution. - '
7. Tt,at in the ew:nt that at the beginning oi or a~ any t~me pe~:d++~g any suli ~•pon this ~.lertc~age, or fo foreclose it, or ta reform it, or to enforce
payment of any cl~+ms.herzund_a, said AtORTvAGEE sha!I apply to tF~ Co~~r1 ha~ir.g i~.,r~sci:ttion thereof for Ihe appo~Mment oF a Re~eiver, such Covrt shall
forthwirh appoint a receive: ef said :nortga~ed proH::ty aii and sir.gular, inclvd.ny a~i ~nd s~~:avl~r the income, profits, issues and revepues from whatever ~
s~urca d~rived, eech anu ever}• of v:h;ch, it be~~~g e.c~~~essly unrie~secod, is !-:ereb~ r:ortqac~eJ as if-speuiitally set forih and deseribed in the granting and
h3bendum c'auses hereo6, ar.d svch Receiver sh~li have ail thr broad and eiiett~ve fu~u:.ans and poweis in anywise eMtusted by a.Covrl to a Recei~er, and S
' s~ch appeirnrnent shall be m.ade by svch Caurt as an admitt_~d equi~y ar~d a reatter of at,so!vfe right to said MpRTGAGEE, and wi~hout teference to the - F
adeq~acy or inadrqvacy of th~ va:ue of tha prOp~rly ~norfc~aged or ro t}ie so~ve:~cy cr ,~~;oiventy of sa~d MORTGAGOR or the defendaMS, znd that s~ch ~
rents, prof~ts, inco•ne, issues and revenues sfiail be applied by suth Reteivrr accord;~~g to ihe lien or equity of said MURTGAGEE and the practice of such '
Court. ~
8. To dvly, prompt;y and fully perfo~m, d;sc6ar•_,e, execute, effea, ccmplet~, ce~::ply wi~h and abide by each and every the stiputalions, agreemeNs, ~
conditiens and :.ovenan!s ;n s~~d prom~sso-i ne`a a:~d ~his mortgage zet forth. ~
9. That in the evc:v the owne•sh'p ef sF.: n,~rtgaaed prc:nises, or anv part 1F.er;:of, becomes ~~ested in a per:on other Ihan the h~ORTGAGOR, the ~
AlORTGAGE~, its s•.,ccess~js ar.d as~ig~:s 'm~y, .v;;lio~t r.ot:~e to tha t'.Q2iGF~0~, deai v,:~t, such successor or suc:essor imerest ~v~~fi reference to this
mortgacc ar.d ti;~ debt he~e~y s=c~red ~n tha san:~ r.,inner as wiih la.ortgagor w~thovt in any way vitiating or_dischargin9 the Mortgagors' liabilify here-
under or upon tt~e dei;~ i~ereb~ s:cvred. iVo s~`.e of ;h= ~:e•~:~scs hereb~ mortgaged ar.d no forbearance on the part oi the /110RTGAGEE or its successors
or ass~gns and no ext~nslo~ ot the t~m: (cr rhe ;;~~~:-~er.t of tf~e d~bt hert~f,y securec: g~ven by the 1.10RTGAGEE or its successors or ass~gns, ahall operate ~
_ to rc!ease, d;scharge, mec~iy tnar.g: or a4icU tne or;gm.~i fia~:!a/ oi Ihe A'.O~iGAGOR herein, either in whole or in part. ~
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10. It is spec:fic.ali j a~.eed that ti:ne ~s o~ the essr-ua of fhis contract and that no waiver of any oeligation hereunder or of the obligafion se- _ j
cured hereby shatt a~ any time th~rea'rter b: held to b~~ a tiv~ivar cf the terms hereo( or of Ihe instrument setured herby. '
I1 (n addnic~ 'o :ha fp:cgc'nn n+o~uhl•; F~:y•~~~n;s O~ }?~tT:~~~.3~ .'.11d i:!eres~ required by tha pram~ssory r,ote secur2d here~~, morfgagar eovenants
and zgr~es to Yay to r•:qrr:~~g•=e r.iih ._ach mor.rt,!y ~:.ayr:,erit an e;fd:r.on3! s~^~ es:~^:~!ed 6y mottgagee ro be equal to i;~l~ of the an,iual cost of 1he follow~ ;
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A-:;i~ ~~31 p,ep^•fy taxas :ev~e: ass-~ss_•.i ,~i :st :fr: aE;o~•e d.~>cr~c_d reat estat~. -
' 6-P::~~~:1:,~r•s"o:i Sir:~ a~d ,•:ir.ds!o:~n ~r.~:;~~rce_as i,~rc;n r,q~_::~ed to 6.~ carr~rd e~~ th~ im;:roveme~ts s~tvale on the above d~scr;End premises.
C-Prec~: ~:~~s o~ svch n:ar+~=.ge nuar~~~sy ir.sur~r ce as m~o•r<~agee ch3;l fre^~ t:n.~ to t~mt deem f~t to carry on the I~an s^cured hereby. ~
- ' P.~ortgayee s~a:'. '~em ~i:,:e ie si::,~ ~r.ief; r..c~±~a3~r ~n v.rit~ng of tne a:,;o~~t due .3nd pdyable hereund~rand such su:n shall thereupon be due and 1
- p3yab'e o~ :he d~~e cia?e ci ~{:e r.ext ~i-cnYr.:; pa~n,c•~t a~d c.cit s::cc~ssive mcn!h therer,ft:r uetii mcrtg3gee shall notify martgagor of a changr in such
' arr.ount. Suct: sinrs sha:l .~,e app`:i;:d by n~crrgaq~•_ re::a-d the pa}me.^.t ef real preperty taces, insuranca pren;:ums, a~~d mortgage qva:anty insurance j
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I~S `.':iT~.ESS V;NER=QF, tiie sa;d :l,ORTG%.GOn has h>reu;~to ser his h3~~d and seal the day and y ar ' afo sai ~
5~ aed, 5ea!ed a'd iive ed in the qresence ~f: ~ ~ - ~
- ~ ` l~~P_~1J _ . (Seal) ~
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_ . - (Sea1)
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STATE OF fLORIDA . ~ -
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COUNTY OF SL_ _LUCl@ - ~
Before me persona!~y apPea.ed O~JCj_TaylOl and
_ _ i_ . C lot i lde Taylor _ hiz wife, to mP well known and kno.vn to me to be
the ir,di~-idoa~s descrii-,d ~n and v:ho execu!ed th~ forego~ng i~strument, and acknow~edged befo:e me th~! they executed the same for th~ purposes
Iherein expressed. And_ th> said ClOt l~de F. T~ylor
wife of the sa~d -L1~~ TaV10I _ ~ ' ' upon a separate and private
oiam~nat~on by me ra;cen s•_pzrate and apart kem her said Fushand, acknow!edged to and be(ore me that she executed said instrumeM freely artd volun- '
ttril~ and vr•shovf any compvlsion, constraint, apprehnans~:o~n,,~. fear of or from her said husband. ~
i~rITNE~S my hand and ofRcial seal this 4f1!~ dey of r!a A. D. {,9 75
- - Notary Public in and for the STata Fbrida large ~
My Commission expirer.
- Refum To: ` Q ~ ~-j
first Fed=ral Savir,gs R ~03n ASSO~i~tcan - / / .
Gi ~e~t ~:_~:<<. : FILEU -ti! `t~CORDED , ' ~
fort Pier~e, Florida ~
- ST. LUCit i„1UNt`( FIA. . : . - ~
_r~'.RAS ' ~
CL R~
~ •~.,J~'T COURT ~y ;,~/j~'~;~~,_ =
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This Instrument Prepared By John W. Coll~, Q - S.,JJ'•~ p.; ,.n i
Ferst federal Savings toan Association M~'(~ ~7 Q~ ~
of Fort Pierce ~ ~ lor ida _ . ' `
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Checked By ~ . - ~
= ~ R ~ - ,1~ •-i ~r;~' _ .
800K~~9 PAGE~36~ •
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