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3. To place and conlinuously keep o:i Ihe bui!d~nc~s now or hereaNer situate on said land and on all equipn,ent and personally covered by ~his morfg• ~
~ age, with all Frrmiums Iherco~ pa~d in iuil, iir~ in~~rante in tha usual ~taitdard poiicy (orm, in e sum a~:proved by !he MORfGAGEE, and windstorm
Insutantr in tha ~sual s~a»dard pol:cy (orm, in a au~n approved by Ihe A10RTGAGEE, in such tompany or cornpanies as 1he h10RTGAGfE may ~
~ direct; and all (ire anci windsto~m insvrance poEicies a~~ any o( si~~l twild~n~s, any inl~rast the~ein or parl ~hereof, in the aggregata sum aforesaid or
t in excess lhereoi, shali contain tTe usual standa~d mortgagee ciause or such other cl~use as Ihe hlongngee mey ~equ~re, mal.ing the loss under sa~J poH- i
t eies, each and every, payab'e ro said A10RTGAGEE as its inierest rnay apaear, ar~d eech and every wch pof~cy shall be promptly ass gned and delivered to ~
` any held by said h10RTGAGEE as f~r~he~ securily Io said n~orlc~aga drbi, ai+d, noS lass ~han le~i (10) days in adva~ua of Ihe expira?ion al oach policy, to de• #
~ liver to 3tid h1QRTGAGEE a renew•al thrreof, togeiher with a receipt ior the premium of s:ch ~enew~l; a~~d Ihere shall be no fire or windstam insuronce E
~ plated on any of said buill~ngs, any interest lhere~n or parl tl•e~eo(, unlrs~ in ~he forn~ a~~d •.vi~h ~he loss payabte as a(orasaid; and in the event any sum i
' of money becomel peyab~e vi~de~ such policy or pofcies said MORTGAGEE shall have Ihe oplion fo ~eceive and appty Ihv same on account of Ihe indzbted-
~ nese secured hereby or ro perm~t oald lAOR1GP.GORS ~o teceivo and ~se it or any par~ ~h_•:eo! tor othrr ,.vr~~os~~s. ,:~ihout ~h~r~:i,~ .v~i.6i~ or ~~npai~•
ing rny equity, lie~ or ri9ht unde~ or by virtue oi this mo:tgagz; and in Ihr evenl said AIORTGAGORS shall for any reason {ai) to keep tl:e saiJ ptemises so
ins~red, or fail to deliver p~omptly any of said poGcies of insurance to said h10RiGAGEE, or (ai! promptly to pay (ully any premium Iherefor or in any
resped fail to perform, discharge, execute, e(fect, coi»p!etr, co:nply with ar~d abida by th~s coven~n~, or any part hareof, said h10RTGAGEE may place and
pay fot such insurance or any parl t}~ereof ~v~ihout waiving or aifeuing any o;>tion, lien, equ~ty, or right w±der or by virtue oF this h5ortgage, and th;
full amou:u of each and every such paymcnl sh~ll be immediately due and payable and shatl bear intarest frorn th~ data thereof until pa~d at the rate o1
~ nine p~r centwn por annum and to~c~her ~tirth svch iiitc~es~ sh.ili b~ s~cur~d by the :ien o( this mortgagc. ~ ~
~ 4. To permit, commit or w(fer no ~vaste, irnpairment or detrrioraHon o( sa~d nropcrry or. any oart thereof.
S. To pay all and sinc~ufar the costs, charc~es and expensrs, in:lud~nc~ a reasonab!e a~iornay's fee and cost~ of abstracls of title, incvrred or paid at ~
any ti~~~e by said h!ORIGAGEE, because or in the eveN of th: (a~lure on the prrt of the said MORTGAGOR to duly, promptly and tully perform, d~scharge, t
execute, effeU, complete, co.nply with and ab:de by each and avery the stipulanons, agreements, conditions, and covenants of said promissary note and this ;
mortgage any or elther, and sa~d costs, char9es and expenses, each and every, shall be immrdfately due and payab!e; whether o~ not there be notice d~ i
~ mand, attempt to colleU or suit pend~ng; and ~he ful! amount of each and e~•erY such paymen~ shall bear infe~es? from the dale thereof until paid a1 ~he ~
' rate of nine per can;um prr a~inum; and ail said cozts, char~es a~id exe:i:ses i~xurred o~ paiJ, togelher w~lh such imeiast, shall i.s secured by Ihe lien oi thit
' mottgage.
; b. That (a) in the event of any breach.of this h5orlgaga or defauh on th~ part of the 1ltORTGAGOR, or (b) in the event any of seid sums of money
hetein referrrd to bz not promptly ar.d iu11y paid wirhi,~ thirt~ (30} dnys rrxt afrer thc same severa!ly 6ecome due and payable, wi`hout demand or notice,
or (c) in the event each and every the slipu!ations, agreemeMS, conditions anJ covenants of sa d promissory note and th~s mortgage e~v or either are no)
~uly, prompHy and fully perFormed, d:sch3rg~d, ecetured, effec~rd, completed, complied with and ab~ded tiy, then in eAher or any suth eveM the said ag-
~ gregale sum mentioned in sa~d promissory natc theP remaining unpa~d, with interez~ accrued, and all mone~s secured hereby, shall betome due and pay-
able forthwith, or Ihereafte~, at the opt~on of sa~d IAORTGAGEE, as fully and conipletcly as if a~l of the said sums of money were originatly stlpulated
to be pa~d on such day, anyfhing i:~ sa.d pren~:ssory note or in this Alcrtgag_ to th_ contrary notwithstanding; and thereup~n or thereaiter at Ihe option of
said h10RTGAGEE; v~ithout ro+lce or demand, sv~i at law or in equity, fherefore or e~sereaiter begun, may be prosecWed es if all moneys secured'hereby .
had malured pnor to ils institution. ~
7. That in the evenl that at the beyinn[ng of or at any time pending any su~t upon th~s Mortgage, or to foreclose it, or to reform i?, or to enforce ~
~ payment of tny claims hereunder, sa~! f.10RTGAGEE shall appiy tu the Court harir.g ~~rfsd:ction thereof tor ?h~ appointmenl of a Receiver, suth Court shaH ~
forlh~~ith appoim a receiver of said mortyaged preperty ail and singu~ar, incluJ:ng aU and sinyular the income, prolits, issues and revenues from whatever 1
~ sou:ce deri.•ed, ca;h ar,d eve~ • of wh~ch, it beir. ea
y y p:~ss`.y understoed, is hereby mor~gaged as if specifically set iwth and described in the g~anting and
~ habendum ciauses hereof, and s~ch Rece~vrr shall havc all the b~oad ar,d tiiectivc fw~ct•ons and por:ers in anyw~se eror~sted by a Court to a Receiver, and ~
~ wch appointment sh3it bc made by such Court as an admitted eq~ity artJ a rralfer of absolutr right to said MORTGAGEE, and withoul re(eren:e to the ~
f adequacy or inadzquacy of the value of tfin property mortgaged or to she so:v~~~~:y er fnsofvency of safd :1lORiGAGOR ~or the defendants, and ~ha1 svch . ~
rents, profits, inco:r.e, issues and ~evenues shait be applied by such Recaiver accordirq to the lien or equity of said 1.10RTGAGEE and the praclice of such i
~ Co~tf. ' ~
8. To duty, proroptly and fulty perform, discharge, execute, effect, complete, comply wiih and abide by each and every the stipvlations, agreeme~ts, ~
condilions and covenants ~n said promissoty rote and th~s mortgage set forth.
~ 9. 7hat in tFe eve^t the ov,nrrship of tne mortgaged premises, or any part thereof, betomes vested in a person other than the r.50RTGAGOR, the ~
~ h10RTGAGEE, its zvccessars ar.d assigns, may~ ~V~~F10U1 notice to the 1.10RTGFOR, daal v:ith such successor or successor in interest ~vith refe~ence lo this {
~ mort a c ar.d the d_~bt hereb secured in the same manncr as wiih htorl a or w~thout in an ~va vitiatin or disthar m the Mort a or3 liabilit here- ~
9 9 Y 9 9 Y Y 9 9 9 9 9 Y
- under or upon the deht hereby sec~,red. No sa'> of tt:e prernii=s hereby mcrtgaged ar.d no forbearante on. the part of the 1hORTGAG'E o• its successors ~ i
or assi~ns and no ezt=ns~on of the time for th~ payrr.ent of the debt_ hereby secureJ 9iven by the /l10RTGAGEE or its successors ot assigns, ahall ope~ate S
to release, d~scharge, mod~fy char.ge or affect.lhe orig;nal liabifty ot the ~10RTGAGOR herein, eifher in whole or in parL i
~ 10. It is spec~;;cally agreed that t~me is of ~he essence of tl;is contratt ar.d that no•waiver of any obligation hereundet or of the obligation se- ~t
tured hereby shatl at any time thereafter be he:d to be a vraiver of the !erms hereof or of the. instrument secured herby. - _
; 11. In add tfati fo ~h~ iore.,-e:n~ mansh'y paym_nts of princ pa1 ard interest requ~red by the prom~ssory nore sccured hereby, morTgagor covananls ~
~ _ and agrees to pay tu mo:tg3ges .ti~th eath month!y pay,:,ent an add~~icnal s~m est;n,a~ed by incrtgagee to be eq~al to 1; 12 of the an~val cost of the follow- ~
i` ing: - #
A-A!I real F;roper~y taxes teviea or assess_d agai•:st th= aoove desai5=_d r_•al es!ate. ~
g-Frerr.~u,ns on (ire and ~vindstorrr. ~r.surarce
~ ' as h_rcer, raqu;red to be carrieJ cn the improvements sit~atc on the above described premises. _ F
~ C-Prerniu~r~s on s~ch rr.ortgage gUaranry ir.surar.ce as mcrtga^yee shail fre:n t me to rime deem fit to tarry on the loan secured hereby.
: tc•,orrgagee shati irom ti:;~~ !o tirnc not~fy rr,ertgagcr in writ;ng of the arr:ount d~e and payab!e he~eundcr and wch wm shall th2reupon be d~c and
~ payable on the d~e date of the next month`:y f•ayment and eacfi successive month thereafter uNil me~tgagee shall r.olify mortgagor of a th nge in such
amount. Cuch surns s!~a:i be app!ied by rr:ortgag>_e tor:ard the paym~nt of real property taxes, insurance prem,ums, and e g ra y insurance
premiums. '
~ IN ~JITiVE55 RcO~, the sa~~ h',~RTGAGOR has hereuato set his n3nd and seal the day and ye ir aforesai . ~
' Si ne , ed a li red in'the presence of: ~ ~
- . ~(Seal)
L1 Ta or ~~a~~
~ . - (Seal)
~ _ ClOt 11CjE F . TaylO (Seal)
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STATE OF fLOR10A
~ _COUtJTY OF St_L~ci:e ~
_ _1
_ Befcre me persona'fy arpe<re;J Lloyd_ Taylor - _
and
_ _ CIOt11CjQ F. Tavlor _ hcs w~re, to me well kno~vn and kno~vn to me to be
I ~ the i~dir•iduais descriEed in ard ivho executed th~ foregoing instrument, an~ ackno~v:edged before me that they executed the same for the purpoaes
i j therein expressed. And the ssid ClOt l lde F~ TgylOY
l.lo d Ta lor
wife of Ohe said y y upon a separate and private
exam~naron by me taker~ seFarate and apart from her said h~sband, acknowled9ed to and before me that she executed said instrument freely and volun-
' tarily and vi~thoul any compulsion, tonstrainl, apprefiension, or fear of or from her said husband.
' ~ June ~S
' :ti1TNf55 my hand ar,d offidal seal thiz__ ~C~"~_ day of A. D. 19
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Notary Public in and tor e State fforida at large
~ ~ ~ h1y Commission expire ~ ~ _ /y~
' ~ Return io: ~,C~ •
' s . First federal Savings & Loan Auociat:on -
f Of Fort Pte:ce. i
~ Fort Pierce, Floreda ~ ~ ~ ~ ;L - _ -
~ il~,~; tc ,~~~~~~I?;~~ ;p+q=` - • ~ -
~ f : ~.j - f
i ~~R~ ~s ~ ~ ~ ~ ~ ~ " ~ ; '',;j ~
This Instrument Pre ared B , ~~~0 ~lf ( ~ ~ - ~ •'L _ " . - .
~ _ p y John ti. Collins ~ ~
First Federal Savings 8~ Loan Association ~'}~j $ ~ ~ _ ~ ~ - . -
of Fort Pierce , Florida K - . -``-=•_Y:..
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Checked By ~ ~ j ~ ~ -
' ~ 31'l.134 . ~ -
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~ ''''+~"1~;t~~;-•,
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s~oxz4U PacE~9~9
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