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3. To pleca and continuousiy keep ~n the buiidings now or herea(ter eituate on saiJ land and on eli equipment and parsonally covered by thii ~nor~g• '
ege, w:~h ail p~emiums thereon paid in iull, (ue inwranca ~n Ih: usuai standard policy form, in a sum approved by Iha MORTGAGEE, and winJstorm
fnsc:c .r,a in Iha usual ilandard poticy iam, in a:um approved 6y the MORiGAGtE, in such compeny or companies at tha ti10RTGAGEE may
dfrect; a~~d aq tire end w~nJ;torm insura~ce po:F:ias on any of said bui;d~ngs, any interest theroin ur par? lhereo(, in Ihe a99regn~e sum aio~esaid or
tn .xcesx lhereof, shall con~ain If:e usual itancijrd mort9agee cL+use o~ such olher c!ausa as ~ha hlortga~ea may reqv~re, making Ihe losi unJer •a~d pola ~;'.r ~
cie~, eath and every, payabte to said .ti10RTGAGCE as ~~s irner~~st may appee~, and .ach and evcry such pu!fcy shall ba promptly assgn~d and detivered to
any he~d by said h10RTGAGEE as (ur~her security to sak' mort~aga debl, a~ed, ~ot less than ten (10) days in advance of ihe expira~ion of each pollcy, to da• ;
liver to said P.10RTGAGEE a rene~val thereof, togeihar with a receipt for Ih_ pramium ot suc5 ~enewal; and there shrll b~ no iite or ~vindsto-~.i insurance '
plated o~ any of said buildings, any interest therein or part iherco(, un!css in Ihr iorm and ~vith ~ha lois payable as a(oresaid; and in the event ~ny sum ~
of money b>tomes payable ~nder such polic~ or poli~ies saiJ MORTGAGEE shall have tha uptio~ to reta+ve a~ apply the sama on account oi Ihe i~~dzbted- `
ness secured horcby or to permit sa~d IAORiGAGORS to recaiv~ a~~d use it Or any p.•rt therco( for ~:iier pu~~ osrs, ~v~thovt lii~rcb; ~vaivin3 v^r unpair ~
ing any equity, lien or righl under or by vir~ue o( th~s mo:lgage; and in the eveM sa~d MORIGAGORS shall for any r~a:o~ fail to ketp ~he said premises so ,
iosured, or (aS) to deiive~ promptty any oi said policiee t,t insurance to said htOR1GAGLE, or fail promplly to pay (ully any p~ernium therefor or in any ~
~espeu fail 1o perform, d~schar~e, execute, etiect, comptete, compty with and abidr by this cover,ant, or any parl hareof, Said MQRTGAGEE may pl~te and < . t
pay for such insurance or any pa~t thereof without wa~ving ot af(ecfing any option, lien, equity, or rigl~t vnder or by virtue of this hlortgage, and ~he i' f. ~
tull amount of each and evary such paymr~t shall Le immediately due and ~yab!e and shall bear interesl from Iha data Ihereof until paid'at the rata ol ;
_ nine per ctnt~m pet ann~:n and togefher ~,~iih wch interesl shali be secured l~y the licn of th~s morfgage. -
- 4. To permit, con~mit or suffer no waste, impairment cr deterioration o( said pra~,erry or any part thereof.
5. To pay all and singular the msts, charges and expenses, includ~ng a reasonabte attomey's fen and cests of abstratts of title, incurred o~ paid at i
any Iime bf said MOR7GAGEE, because or in Ihe evenl of tir_ failure on the part of the sa~d MORTGAGOR to duiy, promptly and fully pe~form, d~scharge, ~
execute, effect, corcplate, comply vnth and ab:de by each ar.d every the stipulanons, agreemenis, cond;tioris, and covenants of said pranissory note a~d thii ~
mortgage any or either, and satd coats, charges and ezpenxs, each and every, sha11 bz imn:ad~atrly dur and payable; whe~tier or not thare be notice d~ '
mand, attempt to cottecl or suit pend~ng; and tha full amovnt of each and every svch paymenl sh~ll hear interest fro:n the date thereot until paid al th± ~
rate of nir.e pet cent~m p~r an~;um; end a~l said costs, cnn~yes anJ ~x~ cnses incurrr:! or paid, together ~r~th such interes4 shall be setures by the lien oi ihil t
mortgage. ' . - j
6. Thal (a? in tha event oi any breach of this b!ortgage or dafaulr on Ifw parl ci the A10RTGAGOR, ar (b) in the eveM any of sa~d sums of money 4
~ hereln referred tn be not pro+~,ptly and fully paid ~vitFiin th~rty (30) days next aTter Ihe same severally becoa~e due and payable, vii~hout demand or notice,
or (c) in tha event each a~d every the stipulations, agreemems, tonditio~s and covenanh o~ sn:d promissory note and thls martgage any er either are nof ~
~uly, promptly and (ully per(or~neJ, dis=harg_d, executrd, eFfected, completed, comp{ied ~•:~~h and ab~ded 5y, then in ei~her or any svch e~ent ihe sa~d ag• ~
gregate sum me~tioned in said promissory note then remaining unpa~d, with i~terrs~ ac:rued, and all moneys ;eaued hereby, shall become d~e and pay
able forthwith, or thereaitcr, at the o~tion of sa:d ~.tORiGAG~E, as fuliy an:3 c~n,p;etcly as if all o( the said sums of money were originatly stipulated
to be paid on svch duy, anylhiny i~~ sa.d pro,n~isory note or in ihis 1Aortgage to the contrary notwithstaading; and lhereupon or thereaiter at the oplion of i
said AtiORTGAGEE. without not~ce or demand, suif at law or in equity, IhereforP or ~liereafter begun, may be prosecuted as is aIl muneys secured hereby ~
had maturcd pnor to irs institution.
7. Th~t in ihe evenl ihat at th~ be9inning of or a? any t~me pendiny any su;~ u~on this Mortgage, or fo ioredose it, or~ to reform it, or to enforce j
payment of any claims he~cur.c!_r, said :150RTGAGEE sha~l opply Io Iha Ceurt h.+Y:~zg ;urisd~ction thareof for the appointment of a Reteiver, wch Court shall ~
• Fotthwith appoim a receivrr of s~id r:o:tga~cci ~ rcperty aU and singular, inc!ud:ny aU and singular the insome, profits, issues and revenues frOm whatevet ~
sourca d~~~ved, each ar.ci every of ~ti2,'ch, i~ beir.g •.:cp;essty cride~sto!~:I, is herebj n:cr~gaged as if spec~fically sel forth tnd described in the granting and ~
• habendum ~lavses hereof, and such Receiver shat; have a11 the broad and eifect;vu fur.ct,cns and pov~e+s in anywise entrusted by a Cooit to a Receiver, and
such appointmenr shall be rr~~de by s~ch Court as an~admit;ed equity and a n:atter of ahto'~te righl to said MORTGAGEE, and without re(erence to the =
adeq~•acy or inade.~uacy oi tl~e valuc of Ihz property martgaged er to the sn:vency or ~nso:vcr.ty c~ said rti10RtGAGOR or the. defendants,_ and that suth
_ rents, profits, income, issves ard revenues shatl be applied._by s~ch Recciver accordi~~g !o th?~lien or equity ol said h10RTGAGEE and the prattice of suth !
Court. ~ ~ _ ~
8. To du'y, promptly and (ull~ per(orm, d~scharge, execute, effect, complete, co:nply wilh and abide by eath and every the stipulations, agreements, ~
tonditioni and covenants ~n sa~d promissory note and th~s mongage sel forth. ~
9. Thal in thc evenf the ov:nershi~, of the rnortgaged premises, or any par! thereof, becomes vested in a person other than the A10RTGAGGR, fhe ~
h1CRTGAGE~, iU successo:s and assigns, may, withevt norice to the ~AORTG:+bR, d~al wi:h such successor or successor'in inrerezt ~vith reference to this ~
mortgage and the debt hereby setured in the same -mar.ncr as ~r•ith l~lcrtga~or without in any ~vay= vitiating or discharging the t~lortgagors' liability here- -
un~er or upan the debt hereby s:tured. N~ ea:e oF the Fremises hcreby rno~tgaged and no fo+bearance on t!~e part of the ~J10RiGAGEE or its suctessors ' ~
or assigns and no exter.s2on of rhe timz for fhr payrnent oi the debt h~re~y secureJ given by Ihe ~hORTGAGEE or its successors or assigns, shall operate
- lo release, d~scl:arge, mcdify change or aiiect thc orginal fiau;Gty of the rAORTGAGOR herein, e+tFer in whote or in pa:t. ~
-10. H is s,^.ecifica!ty agreea ~hat t~~ne is of the esseru.e' of thi~ cor~tratt and thal ro waiver of any obligarion hereundcr or of the obtigation se- }
cured hcreby sha11 at any time therebiter be hetd to bc~ a vraiver of the terms hereof or of ihe instrument secured he~by. , j
11. In ,;;Id t;o~ to tFe fore ;o ng :r.cr~th:~ naym_nts af pri:~c pal and int~~rest reqv~red 6y the promissory no!e secured hereby, morigagor covenanti i
and agrees to pay ro rr.c,r~gagae v:~rh eac}: ~:on~f~~,• pay~:-e~i+ an aJd:~~onai sum estin~~teJ by mortgagea to be eqval to 1 j~12 of the annual cost of the foUow- ~
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~n9" - . _ - . " ~
A-All real preperty taxes k~riew or assessec7 aga~:ist the above desc~i~ed real es~ate. _
6-FremE~~~,s on f]re ar,d w~r.ds!onn inw~ar.ce as he~ein req~ red to be carried en the 'smproveme~ts s~tvate on the abeve described premises.
C-Premiums on such martc~a~e guaranty ir.surar,te as mortgagee shalt from t~me ~o time deem fit to carry on tFe loan secured hereby.
• A4orsgagee sha?1 (rem ti:rr to si:^e notEfy mcrlga~cr in writ~ng of th~ amo~nt due ar.d payable hereunder and ssch sum shall thereuaon be due and ~
payab'e on th: ci•re date oi th= next mc~tn;y pay:nent ar.d eech successive mon!h thereaft_: urtil mcrtgagee skall notify mortga~or of a_change in such
amount. Suth sums shail be apptied by mcrtoagee tov:ard thn p3yment of reai property taxes, insurance prem;ums, and morlgage gUaranly insuranre ~ s
premiums. ~ ~
IN ~'JITNESS .IH=R~pF, th> said ~1,021GAGOR hes hereunto set h~s hand and scai the day and yea~ fir aforesaid. ~
S"sgned, Sealed and d:live~ed in the presence of: ~~~~D,~~ ~
- - ~.~.,1K'~'C~ (Seal) " ~
- - g~~~ C la ence J x or6 .
~~tX ~8t~iid; C~T - (Seaq -
- R~~~D YE,F1~#Efl.~+.e..~ (Seaq ~
~ Sara Rexford ~~ai~ ;
~1 ~ I
~
STAT~ Of FLORiDA ~ ~ ~ , ` i
, COUtJTY Of St . Li.sc ie . ~ ~ ~\J~7v~~7 ~
Before me p=~sonaliy a~;:~z«d __-____.-Llarence J. IleXfOrCj and
Sara_Rexford h;: ~v:fe, to me well known and known to me to be
tha individua~s describec! in and viho executed the foregoi~g instr~mgrt, and ackr.owledged before mz that they exetuted the same dor the purposes
therein expressed. And th~ s;~~ Saza RexZOrfS _
wife of the said C1drenCe .7. RQXfOCCI upon a seprrate aad prtvare
exam~nat~on by me taken separate and apart from her sa~d husband, ackno•.vledged to tnd before me that she ezetuted said instrument freeiy and vo7un-
larily and vii!hovt ar.y compu!sion, constraint, app:chens:~cr fear oE or from her said h~sband.
V,/iTNESS my hand ar.d oifit+al seal this_.~__ day of_ . - `~urie A. D. 19 ?5
~ /~iC~~.
- Notary Pubt~c ' an orI the Statc of Florida at Large
- My Commissi expires: •
Retvrn To_ _ ~
Ttotary Pubtic, Sfate of l7or~dd n} Larg~ .
First Fe~eral Sari^gs 8 toan Assxiar;on
Of ~ort P:e:o. M/ Commissioo Expim !dy 44, 1977
_ 6onded_ br w~,~QrKOn fir• d. Co~~otry Co.
Fort Pi.=rce, flcr7~~ _ c: - -
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- This Instrument Prepared By Gary F . Ellwood . - - ` _ ~
_ First Federal Savings R Loan Association ~ ~ ~':",~C; -
of Fort Pierce Florida U R
- _ ~ _ 8 oox ~40 ~A~F s~? - r . J .
Checked By , y ' ' . = ` - ~
~ ~ •'~'r.; _
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