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3. To place end coMinuo~sly keep on the bu~!dings now or hereafter situata on aaid land and on all equipmeM and perio~aily covared by lhis mortg-
~fle, with ell premiums theroon pa~d in (vll, fire ineuro~,_c es? tha usual sterxiard poGcy form, i~ a sum approved by tha MORTGAGEE, and windstorm ~
ins~rante in iht, usual standard pol~cy (arm, in a iu.n approved by tha MORTGAGEE, in iuch tompany or tompanies as Ihe MI~RTGAGEE may ~
diret?; e~d ail fire and winuslorm insurance }>a~icies on anv oi said kwitdi~c~s, any iMere~t thrreln or part thereof, in the aggregete tum aforESoi3 sr ~
in exce3s IMcrrof, shaU co~ta6~ the usval siandard matgagee ciau:a w sucb othei ctause as ~he A1o~tgagee n~ay roqu~re, ma~ing I~~s loss ~nder said poli-
dee, ebch ar.~ every, payable lo said h10RTGAGEE as its interest may appear, and ea:h and every wch policy ihall be promptly ass gned a~~d delivered 1o s:,'_.
any h:td b~• said A10RiGAGfE as lurther ~ecu?iry to said mortnage debt, and, not less than ten (10) deys i=i adva~ice of the expiralion of each policy, Io de- S>. ~
liver to ieid A~ORTGAGEE n renewal thereof, together with a ~e<eipt for thr prami~m of wch renewal; and there inall be no i:re or w~nds~orm i~surance
pleted on any of said b~ildings, a~y interest therein ot ~art thereo(, ur~fass in ~he foem and w~th tha luss payabl6 n aforesaid; and in the eveM any ium '
ef money betomet payabta vnder such policy or poGcies :aid MORTGAGEE shall have the opfion to receive and apply the same o~ accovni uf the indebted- 3
ness sewred hereby oi t~ permit said h10RiGAGORS to rcceiva and uie it or any par? thercof fo: othcr purpcses, ~vi~hout 1he~eur waivin9 0~ impai•- E
ing any equ~ty, lian or r~ght ~~dr? or by vutvr of th~s morl~aga; an~ in Ihe even~ ta~d hlOR1GAGOkS shaU for any reason fa~l lo Aeep ~he sai~ p~en~isas so `
inwred, or (ail to delivet ptomptly tny ~of said pv~ities of irtsur3nce to said MORTGAGEE, or (ail prompNy to pay fully any premium thcrefor or in any 4
' re~pect fail to periorm, discharye, rxec~te, eHect, complete, comply wi~h and abido by th~s covenant. or any pa~t hereof, said A10RTGAGEE m~y place and °
pay (.~r svth insuranca or any part ther~of without ~w•aivir•a or affecling any option, lien, equily, or r'ght under or by Niriue of Il~ii N.oatgage, and the f•.'.: ~
full amoanl of each and every wch payment shaH be immedietely dua and payaUte anJ shalt bear interesl From Ihe date thereof until paid at the rate ot
nine per centum per annvm and to~elher ~vith sud~ intr~esr s~sll l~e s•ac~~~d b~ the lier, of this mortgage.
4. To {xrmit, commil or tu(fer no waste, impairment or deteriorotion oi said prcpe~ty or any part fhereof.
5. To pay all and singu{ar the costs, charges and expc~nses, includi~~g a reasonah!e altor~ey's fea and costs of abstracta af title, incurred or paid at
tny ~i~r.e by taid h10RTGAGE[, because or in the event of the failure on the parl of. ~he said MURTGAGOR to duly, promptly and fvlly perform, d~scharge,
ezec~te, effect, tanplete, ~om~ly with and ab;de t~y •_ach ar,~ every the st~pulations, agrecments, condi~ions, arrJ covenants of said promissory note and this
~ mor~gage any or e~+her, and sa~d costs, charges and rxpenses, each arA. every, shall ba immediately due r.~d gayable; whethe~ or ~ol there be notice de-
mand, aftempt to toilett ~r suit pending; aad the full Nnounl of each and e~•ery such p~ymeN shall bea~ in.ere31 from the date therrot ~nt~l paid at Ihe
~ate ot nine prr centum pcr annu~~; and ull sa~d cesti, :harges and expens_s incurred or paid, together ~vilh wch IMerest, shall be securod by the fie~ oi thit
morlgage. . -
6. That (n) in ifie event of any breacF; of this Morlgage or dztavlt o~ the pnrt of the NIORTGAGOR, or (b) in the evenl any af t~'d sums of money
herein referred to be not pra„ptt~c~and fully paid ~vitnin Ihirty (30) days nax~ aher the same severaliy become ~ue snd payable, witt:out dema~d or notice,
cr (c) tn the eveN each an~ avery the stip~iations, agratments, cor.d~tions ar,d coven;;nts of sa;d pro~nissory nate and Ih~s mortgage any or either are nQt
~uly, promp;ly a~t~ f~Ily perio~med, d~scharged, executed, elFected, compteted, complied ~n~i1h and abided tiy, then in either o~ any such event Ihe-said ag
gregata sum mentioned in said promissory note then remaining ~npaid, wiih interest accrued, and a!I moneys secured hereby, shall ~etome due and pay-
able forthw~th, or thereafter, at ihe option of said ll1GRTGAGEE, as tully arxl comple~ety as if all of the said sums oi money vaero originally st7pulafed
lo be oaid on svch day, anylhing in sa:d promisso~y rsote er in this hlortgagr to ~he contrary nor.•+lthstandirtg: nnd thereupon or thereafter at the option og
said A50RTGAGEE, wi~hout notrce or..demand, suit ai la•rr or in equlty, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby _
had maluredprior to its institution. - - -
l. That io Iha eJent that at the beginn'ng of or at any time aendir.~ any su~l upon 1F;s htiertgage, or to forxlose it, ar fo reiorm il, or to eifotte
paymenl of any c!aims hereunder, said h10RTGAGEE shall app!y te the Court having jurisdtc:~on theteol for the app~intment of a Receiver, suth Co~rt sFwll
(orthwith appoint a receiver of said mortgaged propzrty all and sinc~u!ar, ir.ctud.rty ail and singular the income, pro~~ts, is+ues and revendes ircxr? •rvhafever •
- sovrce da:ived, eaci~ and every oF wh;ch, it t~ei~g expressly undarsta~d, is hrreUy m~~tc~,~ged as ii specifically set forth artd destribed in the granting and
habendum clauses hereof, and svch Receiver shal! have all the broad and effective fur.ct~ons and powers in anywise eMrusted by a'Cou?t to a Reeeiver, ard
such r~NOintment shall be made by such Court as an admitte.i equ~ty and a ma!tcr of a~soiufe right ro said MORTGRGEE, end wilhout refere~ce to the i
ad=q~acy or ~nadrqUacy of the value of the prop..rly moitgaged or ta the so~vency or ~nsolven;y of said ~AORTGAGOR or the defendanfs, and that such ~
rents, profits, income, issues and :even~rs snatl be applied by such' Receiver accordn~g to +he (ie~ or equity oE said h",ORTGAGEE rnd the practice ot such t
Court. - ' .
_ 8. To dyly, promplly and fully perform, d~scharge, execute, eftect, cemptete, comply wi~h and a5ide by each aod every the stipvlations, agreemen!s,
conditions and covenants in saiti prorr.issor~ note a~d Ihis mortgage set for~h_ ' •
9. That in the ev~nt the o•.vr.ership of the mortgaged premi,es, or any par( thereaf, 6ecom>s vested in a person other than the MORTGAGOR, Ihe ~
MORTGRG:E, its svtcessurs ar.d assigns, may, ~vi~hovt notice to the AtORi:~AOR, drat wi: : such successor or successor :n interest with reFerence to th~s
m~rtgage aad 1hc deUt hereby secu~ed in the same manner as with Mortgagor ~vithout :n any way vitiatiny or discharging the Mortgapors' liability here~ ~
under or upcn the debt heraby securecl. ~~o sale of Ihe ~rem~ses hereby mertgaged and no ;orbea~ance on the pari oF the t1tORiGAGEE or its successors
or assigns and no extensian of the timr lor the payn:ent of the debt hereb~r secured given by the MORTGAGEE o_ its successors a: ar~y~r, shall ope~ale ~
to release, d~scharga, mcdify change or affect the originrl liability of .the MORTGAGOR herein, either in whole or in parL
1
t0. 1~ is spec:ficaHy agceed ~I..r t~me is of the essence of this contract and tha: no waiv~r oi any obl~gation heceunder or 6f 1I1R obligatian sr . i
cured hrreby shall at any time thereafter be hetd to be a waiver of the terms hereof or of the inalrument secured- hetny. _ 3
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11: In aJd:tioa to the forego:ng ~T~onthly payments of p:irc"pal and inferest reqv~red by the promissory note secure~ hereby, mortgagor eovenants ~
artd a9rees to pay to mo:tgagc= v.ith each mOntli!y payment dn ddCiiiiOn3l su~n est~mated k~~ mortgagee to be-eqaal to 1/12 of the annual tw.t of 9he follow- ~
'~y: ' . ~ , _ • - - . _ ' • : .
A-All real property taxes levi~d or assessed agai~lst thc r~ove desc+~bed re~l eslate. .
B-Preq~~ur.~s on fi~e and winds*.erm insurance ts here~n requ~red to ba carr]ed on the improveme~is sitvate on ths above descrioed p~es~ises.
C-Premivms on such fi50f1CJ34Y gva2nty ir.suraoce as mortgagee shall 1io~ t:rne to time deem fit to carty on the loan seture~ hereby. . _
h~.orlgagee sha!! frem t~me to time nof~fy mc~tgagor ir. wr~ting of the amour.t due and payab~e hereunder and such w:n shall ttfcreupon be due and
_ payab!e on the. due date of the next mcMh!y payment and each svctessiv8 month the:eafter ur.til mcxtgagee shall nNify mortgagor of a chanoe in such
amount. Such sums sha:l be apptied by mortgagee toxard the pa~ment of rea! property taxes, insurance prem:ums, and mortgage guaranty insuronce ,
premiums.
- IN Y1ITNESS WiiFRcOf, the said K`JRiGkG0~2 has hereunta set his hand and seal the day and year first afwesaFd. -
Si~ned, Sented zr,d delivere in the ~resence of: ~t$ J~:~ y~'~~t~ _/V~~%Q-~~! ~
~ ~ . _ ft~.i~ t'~`•` ~~1i7 ~F ~ rc°,q ~
~ 3~.Lo~!' t ni~~ L G I P W Seal
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~ - t. : tsi~ C i T ~ ~ -(Seaq
. : r')I " . --:`r~~'~'~~~ Kenneth V. elshans
(Srat)
STATE Of FLORIDA ~ ~ ~I 32 ~ } + ~ ; . • • -
I ~ ~
I COUtJTY Of St• LL1C~@ ~ _ ' -
~ Kenneth V Welshap-,s a~a
Betere me persueall~ appezred • _
Geraldine P• Welshans - ~,;s wife, to me well k~own .nd k~own to me !o be
the ind~ridua~s descr~bed in and who exeaited tF:e foregoing instrument, and acknowtedged befare me that they execvted the same for the purposes
therein exp~essed. And Ihe :a~a ~ raldine P~ Welshaxjs
-Kenneth V. Welshans
wifa of Ihe said - vpon a 3eparDte and private '
" examinat~on by me taken separate and apart from her said husband, acknowledged to and-befora me that she execWed said instrument ireely and volun- ~
tarily and withoct any co:npuision, constraint, appr ion, or fearof or from her said husband. - .
Y/ITNESS my hand and official seal this da f ~y A. D. 19 7'S ~
, -
- ~ - Notary Public ' for 1 State o torida at Large
' My Comn is on expires: ~
9.etum To: / : ~~,~I ~~~j
First Federal Savings b Loan Asso-=~aGon " - - . i ~~C..( ~~M~~
Of Fort Pi=rca- ~ . tiii ~?iii(jttjl,•~
' Fprt Pierce, florida - ~1,~. ~ :'r ~'t,G~:*: _
- _ _ - - - , t-`. •~J~/~~_t,.
' _ ' - : 1~ „~i•. y
i
~ ~ ~;~?,ti Y~;~'~'_-
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This lnstrumenfi PreRared By John kJ. Collins ~ ' ~ 'i ` ,o ~ ` -
First Fzderal Savings & Loan Association . ~ _ -
- of Fort Pierce ~ Florida 33450 . ~
~ ; ~ : • •~c-~~_.t „t t L
~ [1 AL1pr ~~.~'t•~t.::..••.•':`•;:. . -
Checked By ~}A ~/!'J~Ai D~+r %/'.j'-h¦, . ~7 !v
- - ~VUI1Mi~~ f~UL f~1VV. 'i'~~/~r~~fl~L'c''a '
_ - ~ _1 /1!iit!'~:5~
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