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5. Yo place a~d coc?inu;:.ely keep on thc buiidings now or hereafte> >itwta on s&~d land and on all e~uip~reut and parsonslly covercJ by ihit mortg•
ege, with ail premiums the;rcn ~aid in tuil, fire insuronce ~n ~ha usual :iandard policy Fo~m, in a sum app~oYed by the MOR~GAGfE, and winJsrorm
ir,.~ronce tn Ihe vi~al ftrndard policy form; in a sum epproved by tha MORTGAGEE, in ~vch company or cornpenies ae ihe h50RTGAGEE may
direttj and aU fire and windNam Insurance poleci.~ on any of taid buildmgs, any i~~terast therein or part Ihereof, in Ktie aggregete wm etoresaid or ,
in extest Ihereof, shall tontaln thn ~s~al standarcf mar~gagea ciavse or such othtr clause rs Ihe hlortgag~o may teq~iro, mak:~g tha f~ss ur,der said pali• ~
cits, eein eini r~ery, payable to ~aid MORTGAGEE as its interosl may appear, and each and every wth palicy shall bo prompHy assgned and dslivertd to t~_~.
any held by said A10RiGAGFE et furlher security fo said mo~lfla~a debt, and, ~01 ~ess Ihan ten (10) d~ys in advanto of ihe expiratio~ of each policy, ~o dr
live? la said h50RTGAGEE a renewal Ihereof, ta~e~her with a receipt for Ihe premiurn of such rxnewal; and Ihere shafi be no fire cr windstorm ins~fnnce
placed on any of satd buildings, any inserest therein ot part Ihereo(, unless in ihe form and with the loss payabfe as a(oresaid; and in the avent en~ sum
of money Gete.nes payable vnder suth polity ~r palicioi said MORTGAGEE sfiall have tho option to teteiva and appiy ihe :ame o~ account of Ihe lndebtgd-
~ nass secured haraby ar to permil sa~d A10RTGAGOR: 1o reteiv@ and ute if or any pa~t ihereof tor ot:~er purposes, vl~thou~ ~h~iebf waivin~ ur m+pai~- '
ing any eSu:ty, lien or righf u~der ~r by virt~e of th;s mo:lgac~e; and ~n the event satd hIeRTGAGORS shn11 ior any rzason fail to /.aep iha said premi~es so
Insured, or fail to dclivcr p~~mpNy any of said poiicies oi inw~ante to said MORTGAGEE, or (ail pronpNy to pay ful".y any premium Iheretor or in ary '
~espect (ail to perf~~m, d~scharge, execule, eifed, complels, comply with and abide by th+s tovenanf, o~ any pa•t hereof, eeid Ai~DRTGAGfE may place and 2•~
~ pay br suth Insvrance or any parl thereof w~~thout wafving affecting an~ option, lien, equity, or ri9ht ~nder or by virtue oF this Aloirgage, a~d the ~
- : f~~ll amo~fnt ~o( each and every suth payment shall be immedietcly due and payatle a~J shall bear interest from tho dato tnetcof until patd at the rale ot
ni~E per cenl~m per ailnum and together w~ith w.h inierest shall t~r srcured by the lien of th~s morfgage. -
d. To pe~mit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. To pay all and sfnguter tha cosis, charge? ami expenses induding a rcasoaable attomey's fee and costs of aostracts of title, incvrred or paic~ at
any time by seid A10RTGAG'_E, ~ecausa or in the eveP~ of the fail~re on Ihe part of the said MORTGAGOR to duly, prompQy and fully ~~:form, disct~arge,
execvte, efFect, complete, corr~ply wi~h and ab~de by each and every the stip~lations, agreemen~s, cond~t'ans, and covenants of said Fromissory note a~d ~his
mortgage a:y or e]~har, and sa?d ce~~s, charges and expens~s, each and ~very, shall Ue irnmediately dve and pay:ble; whether ar no: there be notice d:
mnnd, attempt to coliecl e~ svit frnd~ng; and the full amo~nt of each and e'~ery such ~:aymem shafl bear inferest fram the date thereof uNil paid at the
tate of n~ne per ce~tum pet annum; ar.d ail sa~d cvsts, charges and exNense3 inc+:•red or paid, togelher ~~ith suth intcreet, shall be sYCV~ed by Ihe lien of thi~
mortgage. , - _
6. That {a) in the event of any breach uf this M~rtgage o~ defavll o~ i}~: part ot 1he h10RTGAGOR, or (b) in the event any of taid sums of maney -
herein reterred to be r.ot pranpNy ancl fully paid ,^~thin thirty (3D) days next a!ter ~he same severatly becon~e due and payable, without tiem~rxl or notice,
' or (c) in ifir event each and every Ihe slipuladon:, agreemen:s, cor,dltiont and covenanls of sa:d promissory note and th~s moi'gage any or either are not
- ~vly, prompt!y and fu:ly performe~, d:scl,arged, execured, etfec~ed, completed, complied wi~h and abided 5y, then in e~ther or any svch event Iha said ag-
gregata s~m r.:entioned in said promisso~y ru~e tlien re~naining unpaid, ~vith intere;l accrued, and alt moneys secured hereby, shall become due"ared pay
- able (orlhwith, or thereafter, at Ihe opfan of said h:ORTGAGEE, as fully arx! complt~cly a~ if ait of Ihe said sums of money were originally 3!ipvlated
~ to b` pa;d on svch day, anylhing in sa:d pre,nissory nole or in Ihis hlortgaga to Ihe co~trary not~vithslan~iing; and therrupon et ihereafter at the oCtion of
sai~+ MdRTGAGEi, without noNCc o~ demand, wit at law or in equity, therefcre or thereafier begun, may k~e prosecuted as if ell moneys secvred h~reby
had mas~red prior lo its insliwtion. _ - ~ .
7. Thas in tl,e e~•ert that at fhe beg~n~~tng of or at any time peRding any su~t upon this Mortgage, or to foreclose It, or to ~eform it, or to enforce .
paymen~ o~ any cla~ms here~nder, aa~d NtORTGAG~E sha{I apply to thr Court havi~ig ju:isdi.tion thereof fer the appointmenl of a Receiver. svch Gou~i shall . -
• Forth~vitt~ appoird a recei~et of said moiiyagec~ prope~ty all ai:d singutar, inctvd.ng ail an~ singu~ar t6e intome, profils, issues and ~evenvel from whatev_r
source derived, each and every o( wh;ch, it bein9 expreuly und:rstood, is F.ereby mo~tgaged as if specNically set forth and descrit~d in the granting and
. habendum dauses he:eof, and such Receiver shall h~va a:l the broad and effective func:~ons and powers. in anywise antrusted by a Covrt to a Rectiver, and
- svch appointment ~ha11 be rttade by svch Cour~ as ar~ admitred eGu~ty and a mattzr of aSso!ute right to srid MORTGAGEE, and withoul referrnce to the
adequ:cy or inadey~acy of the value oi the properiy mor~gaged or to the sotve~cy or insolvency of said MORiGAGOR or Ihe defendaMa, and that seKh
, rents, profits, intonie, issues and rer•enues shatl be apptied by such Receiver accordln~ to the lien or equity of said 1.10RTGAGEE and Ihe practice of such
; Covrt. . - ~i
8. To duly, premptly and fu11y pe~fotm, distharge, executa, ef(ect, complete, comply with aed abide by each and eve.y the sliputa•~~~s, agreements,
con~ilions and covenants Pn sa~c~ promisso;y note_and Ihis mortgage szt forfh. ' , _ °
I~ 9, lhat in the c•~ent the o•.vnersfi~p of tha mor!gaged premises, or any part thercof, becomes vested in a person other than the MORTGAGOR, the
` MORTGr1~EE, its successors and ass~gns, may, witheut notice te the 1110RTG.+OR. deal with sucS svccessor o~ successor in interess with relerence to this -
mortgage ar.d thc des~l hercby secured in the same man~er as witk flortgagor w~ttr~ut in any way viliating or discharging the btortgagors' liability here-
under pr upon the d:bt hereby secured. No sa'e af thr Frem~ses hrreby mortgaged arv~ no forbearance on !he part of the 1110RTGAGiE or ite successora
~ or sss~9ns and nG exrens~on"of the timr foi ihe payment of the dcbt hereby secureti given by the MCRiGAGEE or its wuessors or assigns, ahall o~rale
i. !o retease, d+scharge, medify changa or a(fect the oiigi~ai liao:lity of Ihe 11:ORiGAGOR hersin, eithzr in who!e cu in parf.
~ 10. tc is spec~(~caliy ag~eed that time is o? the essence of this contract and that no waiver of any ~obi;gat?on here~nder or of the obligation se-
r~red hareby shall at any time thereafter ~be held to b_ a Y/a1Y2~ ef tFe terms hereoE or oi the instrumen: secured hc~by.
]1_ In additio:i ro 1h~ foreao:ng month!y payments of p;inc'pr~ and intrrest required by the prom~ssory rtote s~tured hereby, mortgagor covenants
; ard ag:ses [o pay to n:ortga^yee v:ith erch rnoMhiy pjyrnent m~dd~lional sum est;matecf by mortgagce to be equa{ to 1 112 of the ann~al cost of the follow-
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A-All rea! property taxas levfed or assess~~d agai•ist the above described real estate.
' 6-Premiums on fire ar.d windstorm insurar.ce as here~n requ~.ed to be carried on the ~Tprovements situate on *he above 8escribed premises. -
C--Premiums on sucn m~rtgage guarar,ty icsurance as mor.gagee zhatl from t"rr~e to time deem fit to earry on the loan secured hereby.
1.lortgaqee sha;i !rcm ti:ne to time notify mortgag.,r in writinc~ of the e=r.ount due and payable hereur.dar and such sum sha!I the~eupon be due and
- - payable o~ the uve da!e ef il~e rtirxs montFuy pay.nent ar.d each successive T~onth thereafter ur,1i1 mcrtgagee shall notify mortgagor of a cha~.ge in svth
5 amnvnt. Such sums ¦Fail 6e app!Eed by morigagPe to.vard the paymen. ef rea! property taxPs, irsurance prem:vms, a~~d mortgage guaranfy insurante
~ premiums. ' - c
~ IN YiITNE55 'l,INEREOF, the said TGAGC~R has hereunto set h~s hard and sca! the day and ar first aforesai~. .
Siyned, Seaied and delivered ' the sence of: J _
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1Z~i1` a-•'pi;.:'r:;ii:?~l3:c9 ' ` - f al
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-$~.i~a~G~t ~a~,;~'~~~1.~. ~ Loran R. tia n s` )
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p ~F :~i E ~ (Seal) -
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: ' ~::-r"-,:.- _ Sharon ',f. }rahn
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i STATE Of. fLOR1~A - ~ ~ ~ 3~ ~~q~23 -
~ COIi^1TY OF S.~~L.lL~L _ ~ - ~ ~
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= Before me ~ersoratly app~a~Ad - Lorar, R. ?{~hri - ~ and ~
4 _ Sharan ~1. t'ahn h~s wefe, to me well knayv.i andtkr?o~vn,to me tc be .
t the individuals de:c~ibed in and who exe~uted the foregoing instrum~nt, arn~ acknow;edged befote me that ihey executed .fhe,'s~/re~for., `purposes
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= the:ein expressed. And the said_ N liil t+~fjr~' ~
r wife of the sa~d _ - T,pran R~ }~ahn n a sep~ii'~~~;pnvah '
_ e~ c a m i n a t+ o n b y m e t a k e n se p a r b l e a n d a p a r t f r o m h e r s a i d h u s b a n d, a t k n o~
v l e d g e d f o an d b e f ore me t ha t s he exe tu t e d~
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; tarily and without any compclsion, constrcint, apptehension, or fear of or from her said busband. - - y4.~' ~•r °;s~;~.~`~.:.':; :
a - ~YITNE55 my han~ and official seal this 2~~~1 day of ` }''r ~ '
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# ~ otary Public in nnd for~ tFie 5~ ' _
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~ _ ~ N1y Commission axpires: 'tl . + ~s _ -
- Retvrrt To: i `r ~
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_ Fi;si Fedzral Savir.gs b Loan Assctiat;on Fjp1a ~ ~~~i~~~~~,
r O~ Fcrt P,erte. ry Pr+b~r~~_~QBfWO~O} ~Q~~~
i . . - - Mr C.e~~n tzpin. ~ws. tm
~ - F~rt P;erce, Flor:da - dor,tled by Am~r'rcsn ?iti L CAw~kr 'C/~,
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~ - ~his Instrument Prepared ByJ. f!. Rc,berts, ,1r; - -
First Federal Savings & Laan Association - _
of for! Pierce ,,g ~g~ '
~ - - , _ . $UUii ~~'ti ~ -
Checked 8y - - -
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