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3. 7o plice and co~Nnvousty kerp on tho build~n9s n~w or hereafter eitueto on said lend end on all cquipment and ~ersonaliy covered ky lhiti mortg• ~
e9e, wi~h all prem~ums thereon pa~d in fuil, f~rr insurenco in thc usual sranda~d E-=o'ity f~rm, in e wm aFproved hy Iha MORiGAGEE, and windstonn t
l~~ura~ce +n tha usual s~andard pot~cy torm, in a sum approved by ihe MORTG.IGFE, in such canpany o~ companies as Ihe 1.10RTGAGEE may f
dircd; and all lire and w7nJsto~~t~ insuranca pof~Nee on any of sa~d buitd.ngs, any inrerest therei~ or parl thzreo(, in ~he aggreflate sum aforeiaid o~ t
In excess Ih:reof, shall c~Main thy usual star.darJ mortg~gee dauso or wch other clause as Ihe Mor~gagee may ~eqviro, making the loss under said poli~
des, each and every, payable to said AtORiGAGEE as its interest may appear, and eacn aad every such {w~icy shall be p~on,plly as~ gned and delivered ~o
sny held by said /~lO~TGAGEE as f~rliwr setwily to seid morlc~n~e debt, end, not less than len (10) days in advance of Ihe expiralion of teth policy, lo de• '
liver to taid h10RfGAGEE a renewal thereof, logeiher wiih a rcceipt (or Ine premium ol wch rene~val; and IL•ere shall ba no fire or ~vindstorm insurance ' ;
ptated on any of said buitdings, any intereit the~ein o~ parl thcreof, unlesi in ihe fcrm and vvl~h the ~oas payabla as aforesaid; and iti the eveM any wm ~
of money becomze payoblr under such poiicy o~ pot~cies i.+id MORTGAGEE shall h~~•a the option to reteive and zpply the same o~ account of the indebted•
rtess secured hereby or ro pe~rnit sa6d MORiGAGORS to rec.:iv~ ard usa it or any part thrreof (ur othe~ purt,oscs. v,ithout 1Fl=~ii>i ~va~v~n.7 cr unpair• f_
tng ar.y equity, .+en or right under o~ by virtee of th~s mo~tgage; and in the event sa~d MORiGAGORS shall for any reason fail ro keep !he raid p~emises so }
insured, or fai! to daliver promptly any of said poficies oi insurance to s~id A10RTGAGEE, or fail promptly to pay fully any premi~m tFerefor ,or in any ~
respect tai! to p;rfo~m, d~scharge, e,cecute, eifetf, compieta, comply wi~h and ahide by this covenant, o~ eny part hereof, said MORTGAGEE may piace and ~ f~
pay for such insurance or any part thereof witfioul waiving or at(e<~ing any option, I~en, equity, or rigT~t under or by virlue of this hlwlgage, and the ' ' t
(ull amouM of each and eve~y such paymeM shatl be immediately due and payab!e and shall bear intcresl from tha date theraof until paid at the rate ot i
nine per centum per ann~m and to~ether Kiih such inieri~st shall G> secured 6y the lien of Ihis mortgage.
d. To prrmit, commit or su(fer no was?r, impainnant or Jeie~~oration of saiJ ~:roperty or any p~rt thereof. '
5. To pay all and singul~r tfie tosle, tharges and expenses, including a reasonable atlo~ney's fee and tosts of abstrotts of title, incurred or p~id at ;
any timc by said MOkiGAGEf, hecause or in the event of thc failure on ti~e pa~1 of Ihe said NIGRICiAGOR io duly, promptly and fully pertorm, distharge, ~
execvte, effecr, co~nplete, co~.ply w~th and ab;da by each and every the st~p~taiions, agree~nents, cond~lions, and covenants of sai~ promissory ~ote and Ihii
mortga,ye any or eitiur, and ~a[d ccs~s, cha~ges a~ed ex~:enses, each end every, shatl be immediately due and payab!e; whethar or rtol ~here be notice de t
mand, alternpt to collect or suit pe~dfng; and ~he full amouni oF each and every s~ch paymen? shall bear interest irom Ihe da!e thereof unti! paid at the i
~a+e of nine per cant~:n p,:r a~:~~u:~~; ar,d all sa:cl costs, charc~,;s and rxponses incurred or paid, together ~v~th such initrest, shall ba stwred by Ihe lien of Ih1~ !
mortgage. . ;
6. ,That (a) in the event o( ~ny breach of this Morrgage or d?fav~f p~ tha pa:t of the 1dQRTGAGOR, or (b) in the event any oi satd sums of money i
herein referraJ to Ee not p~omptly and fully paid w~thin ~h~rty (30) days nrx~ afier ~t~e sa~~e severalty become due and payab~e, wi~hout demand or notice, 1
o~ (c) in the event ezch and eve~y ~ha stipulations, ayraements, conditions and covenants of sa:d promissory note and th~s mortyage any o? either are not ~
~uly, prompNy anJ fully pe~formed, d~scharg:J, executed, eftected, canpfeted, compl~ed wi~h and abiJed by, th.n in either or any such event Ihe said ag- i
gregate sum mentioned in said prom~ssory note ~hen rcmaining unpa~d, with interr.t accru•rd, and a~l moneys secured hereby, shatl be<omz due and pay- ~
• able forthwith, or th:r~at~er, at the op!ion of sa~d A10RiGAGEE, as fully and cornN!etely as ii all of tl~c sa~d sums of money were originally it~putated
to be pa:d or. svch day, anythiny in 3~=d prom~sscry note or in this fAorfga9e to the contrary nutv~lThs?anding; and thereupon or thereafte~ at the option of f
faid MORTGAGEE, withovt nottce or demand, wit at faw or in zquity, Ihe~elore o~ thereafter begun, may be prosetuted as if all money• secured hereby
had matured prior to its institut~on. ~ ,
• 7. That ~n tha event ~hat at ~h: b~~ginnir,g oF or at any time p~ndiny any se~t upon ihis Mortgage, or to fore:~ose it, o~ fo Teform il, or to enforce
' payment o( any claims hcreund:r, s~~d h10RTGAGiE sha'1 apply to the Cour~ having jurisd;uion thereo( for the apaointmenl of a Receiver, such Court shall
Forthwith'appoint a rece~te: of seid rr,s~gay~d prope•r~ all ar.d singufar, inct~d:ny a!1 and singulat the income, profits, issues and revenues i~o~ whatever ~
source derived, e~ch and every of w1,~ch, it tr~ng eap:essly unders~ood, is he:c}1y mo~~gaged aS if specifically set torth and deu~ibed in the g~anting and
habendum c~auses hereof, and such Receiver shalt have aIl iha bread and eHec~ive funct:ons and powers in anywise entrusted by a Court to a Receiver, and
s~th appointme~~t shall be niade by. such Co~~t as an admitt~d equily arid ~ matter oi abselute righl t~ said MORTGAGEE, and withoul referente to ihe ' i
adeq~aty or inad?qvacy of ihe vatue o! Ihr properly mo~tgaged or to the ~o.ve~u, er insel.•er.cy oi said MOkTGAGOR or the defendaros, and that such €
" rems, proEits, incomz, issues and revenues shall be app~ied by such Recciver accord~•~y to ihe lien or equity of said MORiGAfEE and the practice of such
Court. . _ - " ~ • . ~
. 8.-To du?y, prempNy and (ully perform, d~zc6arge, execute, effe.t, complete, comF~ly v~ith and abtde by each and every the stipulations, agreements,
_ conditions and covenants in sa~d promisso: ~ note ~<<d th~s mort~age sel forth. . ~
9. That in the ever.f the owne~sh7p of the mortgaged prernises, or any part thereof, hecomes vested io a person other than ihe MORTGAGOR, the ~
h10RiGAGEE, i~s wccesso~s an~ assigns, may, ~virh~ui no~ice to tha ,~'.ORTGI.OR, dea! with wch svccessor or wccessor in interest with refe:ence to this ~
mortgage and tlie d.bt h~reGy s_cured iii the same mannat as ~vith A:e~tc~ago. without in any wey vitiating or discharging the ldortgagors" liability h2re-
- under or upon the debt h~reby secured No sa!e oi 1he prerr.ises hereby moitgaged artd no forbearance on the parl o( the 7AORTGAGEE or its successors
or ossigns and no ext^ns~o~ oi the tima fnr rhe paym.ent oi the deb~ hereby secured given by Ihe 1.10RTGAGcf or its ~uccessors or assigns, sl~all operate
. ?o re!ease, d~scha;ge, modify chang~: or eifect the original t~ai~[i:ty of the M.ORSGAGOR herein, eilher in whole or in ~art.
ID. It is spec7licaqy agrec-d that t~rne of the esser.ce of this contract ar.d that no ~vaiver of any obligaFion hereunder or of the obligation se-
cured h~reby shali ~t any time Ihereafter be he!d to be a waiver of tl~e lerms hereef or of the instrument sacured herby. ~
1!_ tn a:~ri~r:"o~-to rt.n forego'~:~ mon~h!, pay:n~n!s of ;:r]r.c'paE and ir.!,iest requir=_d by the p:om:ssory note secured hereby, mortgagor c~venants
. and agr_es to pay to n.ortg:g.:e v.~ih each men+h~y ;,~~:~:ent an add,:Fonal SVm es+~mared 6y morigagee to be equal to 1; 12 of the anwal cost of the follow-
ing: . ~
A-All real property taxes Iz~ned or assesicd ay3i•;st th;: ahove desa~bsd real estate. _ 4
6-Prrn:iums on fire and w~rduon:i ~nsurar.ce as herein reqv~red to be carrl;.j on 1he imFrovements situate on the above describtd premises. ~
- C-Prer,iiu:.s on svcn n:o~tg=ge guarant~ ir,svrar.ce as mo~tgagee shali {rem t~me to time deem fit to tarty on the loan secured hereby. ~
, h!ortgagee sha!I t~cm t~mc to r~re r~cr~fy rr.c+tga`gcr ~n vrrlt~ng of the a^:ouM dur and payab!e hereuridrr end such su:n shall thereupon be dve and
payabte on the Jue dat~ of ~ha nc~- mo~~th:y pa•~m_r,1 and each wcc~ssive month ikereafler ur.!il mortgagee shall no~ify mortgagor of a change in_svch
~ amount. Such sums sh.ail be app'ietj by r.~ortgz~ee to•.vard the payrcent of re~l property taxes, insurance prEm;ums, and mortgage g~aranty insurance
premiums. , - ~
- i'd \'~:T:~ESS `:lHER~Of, the said I.~~RTGAGOR has hereunto sef his hand and se3i ths day and year first aforesaid_
Signed, Sea!ed_ and delivered in the presencc of: ~``~4~ G__~~~ ~S~ ` J~' an
~ ~ ~ ~ urvsv
~oc~R. ~TIll1 ~ ~ __<or on . !?eic~i ~e' (sesi~
~ CIEaK Cifie ?T COiIR ~ ~
- l4E~QRQ YBf41F~~~~+!+~' 4 ~ ti~~,s~-~Z (seaq
STATE OF . C/"/~-~s"" i - P~ ~5 (Sealj - ~
1~ 3 ~ ~
, ~ u. - _ ;
i co~rarv oF ~ _ _
Before me persch3!Iy appeared orc'.on tti'ei~ner and ~
Ftt1t~'! C. ~~'eidner _ h;s wife, to me well known and known to me to be
the individvais described :a an~ rvho execuied the foregoing instrument, and acknow~edged before me that they exec~ted the same for the purposes
Iherein expressed. ~1nd the said F'llt}l C. ~'!E'1C3fleZ - - -
wife of the said ~ ~ordon A. ~~7eictner „Po~ a separate and private
exam?nat~on by me faken separote and apart from her said husband, acknowledged to d before me that she executed said instrument freefy and volun-
tarity and w~thovt any compulsion, constraint, appreh=ns , or eaa of or frorrs her s d husband. ~
YlITNE55 my hand and offic7al seal this-__~ _ day of_ A. D. 19~
No1 Public in and tor the State ot Ei~,~ at Lary~t '~,,r;, _
My Commission expires: `
Retum To: d~~e,d ~ .,;,::,~j:~
~
, First Federal Srrings t~ loan Association ii~i ~r
IhCQUEUNE K. BO~Cii~Ct, t;ctary Publ~c ' , ~ ••'.-`r
Oi Fort P~erce. ~s{~x`.' ~ ~ :
- - For .Gryahoga Cec~ry Ohio C~ ; ; ,
fort Picrce, F~o~~a3 . 1dy ~tamisslon Ezqres Feb. 20 191$ y' S~`. _f -
- _ ~ _ d T'`~' ,
_ - - _ - - - - - - - . _ ~ _ ~ : . G'~ -
~ This Instrument R~epared 8y J• F'al Roberts 1r. `•'";r ~~,Q
~ % ~~1/~1~~~ 4•. t . .
First Federai Savings & Loan Association ' • .
._lorida 3345J , '•',S~
of F~rt Pierce ~ ',-a, . •
~JYY;'-~;,,a• t
Checked By~1~ _ " '-:._r _!j~t.~;,=`=_ ~
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