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+ 3. To place and confin~ov~iy ; cap on the Lui!d~~~gs notiv or hereafler f~tuate on s~~~ land and on alt equipment arn1 personjfiy covered b~r this mortg- ~
i afle, witti ell ptemium~ 1i~ereon p~~d in i~ii, lue insvrance in the usu~~ sta~xlard Fwticy 1orm, 3n a sum a}.aroved by tht 1~10RIGAGEE, artd windito~m t
' insurance in ihe uswl s~anda~d pofcy (orm, in a sum approvrd Ly the /lORiGAGEE, i~ wch company o~ canpanies as ~~e l1:ORiGAGfE may j
? diteU; and all (ire anJ w~ndetorm insurance po:ic;~s on any of ~aid build,ngs, any ~~.~a~zst Iherrin or part thereoi, in the aqgregate sum sfores~~d or ;
i In excess Ihereof, shaU contain the usual standard mortgagee tlause or svch alhe~ claus~ ai the Mortg~gee may requut, maling the loss under sa~d polr ' i
i- ties, each and every, paya~!e to said h1pRTGAGtE as iis intarrst may appear, and each ac~ every such po!~cy sh~Ii br promptly ass gned and de~~vrrtd ~o ~ ~
~ any held by said h10RTGAGEE as fu~ihzr src~rity to said morrgage deL~, and, not less ?han ten (IU) days in aJ~ance ot the exp+ratlan oi each pofir/, to d~r ~
~ liver to said A10RTGAGFE a renevral thereof, iogether wi~h a receipt for the premium of svch renena~; and there shall be no i;re or w~~~di~o•m insurance
placed on any oi said bui!dings, any intcrest therein or part thercof, urrtess in thz form and w~th ~},e loss payab!e as a{o+rsa~d; ar.d in the e:ent any sum '
of monay betomes payable uncle~ such potity or policies s~~J MURTGnGEE s1,aH have the op<ion to rete~vr and apply the same on accounl of the indebted ~
~ na~s secured hereby o~ to permlt said MORiGAGORS to receiva and use it ur any part th:rcof for othca pu~~osrs, ti•.;~ho~t ~h1~ai~~ tvdivin3 c~ ~•npair-
i~g any eqoity, lien ct ~ight under or by virtue of Ihis mo:!ga~e; and in Ih>_ eveM sn:d hIOZTGAGORS shall (or any reason fail to keeQ the sa~d premisas so ~
~ insured, or (3il to delivcr promptly any of s~id poficies of insurance to said MORTGAGEE, or (ai! promptly to pay (ully any premium theretor o+ in any
re~pett fai) to per(orm, dhcharge, execute, efiect, comp;ete, comply wi~h and abide hy th~s covenaN, ar any part hereof, said MORT^vAGEE may placr and ~
~ pay for such insur:~nte or any parl Ihercof without waiving or affecling any optiun, lien, equ~ty, or r~ght vnda~ or b~ virtue of this Mo~~gaqe, and the .
full amou~l of each and every su~h paymznt ~h~ll be immed~atcly due and payat;lc and ahaq bear interest irom tha datA Ihereof ~ntil pa~d at the rate ol ~
nine per centu~n per annum an.l to~:ther titiith sucn intareit shall ba sccured by the I;en o( this mortgage.
7 4. To permit, commit or suffer rto N331C~ impainnent or dtterioraiion of said properry or any part thereof.
5. To pay all and singular the costs, chatges and expenses, including a reasonab!e attorney'a (ee ar.d costs of abstracts of title, incurred or p~id a~ ~
; any ti~r,e by said htiORTGAG:E, because or in ihe event of the failure on the part of the said h10RTGAGOR to d~ty, pro~r•ptly and fu'~y p^~form, d~scharge,
execvte, etfect, ce~nplete, comply ~v~~h and ab:de by esch and ~very the st7pulatlons, agr.emenrs, cor.ditions, and covenants of said pra~n;isory note and th~s ~
j mortgago any or e~ther, and sa~d costs, charges and expensea, each and ~very, shaN be immed~ately due a~d payabie; wh<_~her or not there be naeice d~
~ mand, attempt to coliett or suit pending; and the full amovnt of each e~ery such paymem shall bear int~rest irom the date thereof until paid at the
rate ot n~na per centu~n E:cr annu;n; and a~i said cvsrs, charges and expenses inturre~ or paid, toyalher tivuh suth iMerest, sh•11 be setured by the lieo of tha
~ morfgage.
f b. That (a) in the event of any breach of this Alortgage or defautt on the prrt of the IAORTGAGOR, or ~b) in the evenf any oF sn:d sums of morxy
- herein refzrred ro be r,ot prcmptly and futly paid wiihin th~rty {30) days r.ex~ a+rcr the same severalty become due and p.+yabte,.withoui demand or notice,
' ot (c) in the evem each and every the s!~pulations, agreemer»s, cond~tions and covenams of sa:d promissory note and _ih~s mongbge any or either are nol
~ ~uly, promoNy and fulty per(ormed, d•scharg=d, exewted, eifected, comple!ed, comp!~e~ wiih and abided Sy, then in e~fher or any such event the said ag
~ c~regate sum mentioned in said promissory notc the:~ rema~ning unpa~d, ~vith intere,t aar~ed, and a!I moneys secured hereby, shall oecome due and pay-
~ abte forthwith, or thercafter, at ~he optlon of sa:d 1.10RiGAGEE, as (ully and comp:esely as if all of the said sums of money were wginalfy st]pu;ated
~ to be pald on wch day, any~hing in sa:d pro,n;ssory note o: in this R~ortgage to the contrary not.vithstar.ding; and thereupan or Ifiereafter at the option of
said h10RTGAGEE, v.iiFout r.a~ce or demand, svit at taw or in equ~ty, therefore or thereafter begun, may be prosecuted as if alt moneys s~cured hereby
~ had matured prror lo its institwion. . .
7. That in thc e~ent that at tha beginning of or at any t~me pend~ny any suit upon Ihis Mortgage, or to forettose it, or to reform it, or to enforce .
payment oF any c~ai~ns hereundsr, said 1.10RTGt+vEE shali appty ~o the Cour1 havir.y ju~isd:ciiun theceof (or tF.e ~ppairtmenl of s Rc:eiver, su.h Ca~:! sha!I
Forth~ti~ith appoint a re:eiver of said mo~lgaged prop=rt~ all and s~r.guiar, inciud.ny a:l and s~ngular the ir.ton~e, profits, issues ar.d rerenues from whatevtr
~ sewce~ derived, each ar.d every of ,vh:ch, it being express!y understoed, is hereb~ n:cre~aged as ii epec~fically set fo~th and described in the g~anting and .
habendum tlauses herrof, and suth Receiver shail hava all the broad and efiec!ive fur.ct.o:u and po.vecs in anywise entrusted by a Cou~t to a ~Ceceiver, and
~ s~ch appointme~~t shall be made by svth Co~t!t as an admitfcd equity and a matter of aL•sclute ~~ght fo said RtiORiGAGEE, and withcut re(erence to the
; adeqv~cy or inadequaty of the value of the pruperty mortga~ed or to the so~v_ncy or ~nso:vency of sa~d I.40RTGAGOR or the defendants, and that such i
rents, profits, income, issues and revenues shaii be appGed by such Retciver accerd~~~a ~o the lien or equity of said h10RTGAGEE and ~he prattice of such
( Co~rt. .
3. To d~fy, prompr;y and (ul!y perform, d~scharge, execute, eftect, mmp~ete, co~lply with and abide by each and every the stipulafions, agreemenrs,
tondit~ons and cov~nants ~n sa~d promissosy note and Ih~s mor~gage set forth. _ ~
~ .
j 9. That in the ever.t the owr,enh7p oF the morigage~ pre.^~ises, or any part thereof, Eecomes vested in a person other than the MORTGAGOR, the -
+ M.04TGAGEE, ;tn svccessors and assigns, m3y, ~vithou! notice to the ?dORTG!-OR, deat w~th svch successor ot successor in rnterest with reference to this
mortgage a~d the Jrbi F.areby secured in the same n,anner as w~th l.!ortgagor withcut in ar.y way vitiating or discharging lhe /.5ortgagors' liability ture-
under or upon the debi h:reUy secured. No s3'e of tf:= premis?s h~reby mortgaged and no forbearante on the part of the ~JtORiGAGEE or its successors
or ass;~~s and no extens~on oi the time {or ehe psyrr.eni of the d~b~ h~reL-y secured g~ven by the 1rORTGAGEE oc its succeisws or assigns, ~hatl oFerate .
~ lo re~ease, d~scharge, modify change or affect the osig~nal liab~iity of ti~e N.ORTGAG~R herein, eilher in whole or in part. _
~ 10. It is sp~c;fiuily agieed that fime is of the essence of this contract and tha! no wai~er oi any obt~gation hereunder or of the obligaYwn se-
a eured hereby sFa11 at any tin:e ih~rea(ter b= he:d to be a waiver ui the terms hercof or of the instrument sxured herby.
~
11. In t,dJ:t:o~ to the icrego~ng ~r.onthiy payments of p•~~~ p31 ar.u intzrest requ~:ed by the promEsscty no!e secured hereby, morigage: tovenanis
anc~ ag:ees to Fay to rr.ortgage~ with each momhiy payrr.ent an ac+:i:rie~al svm est~^~ated b~ mortgagee to be eq~at to 1,.•'12 of the anaval mst of the follow- '
~ ing: .
A-All real F;roperty taxes tevied or ass~ss=d against thc abo.•e descr;6~d real es+ate.
6-P:..;n;u~rs cn fi~c and ~,rir.dstc+~n insvracce as nerein req~:r d to be carr.ed on the ]m;,rovemeafs s;tuatc on trte above described premises_
~ C-Premivr~s on such mo. rgage guar;r.ty ir.sura~:ce as mo•tgagee sha?1 fro.r. t:me to time deem fit to carry on the loan s~cured hereby.
` S~ortgagee s6a±E _frcm time to 1iui~ no~~fy rt~Ort^yd~OC in •r.ritin~ nE th? @TOL4I dua and payable hereun~er and such svm 'snal! the:eLixin Ee dex a:.t3
~ pavab!e on the d~e oa:~ of the next menthly payrn~rit and e:;ch succes<_ive month thereafter ur.til mcrtgagee shall notify morigzqor of a change in soch
r anzouni. Such su~ns s?•a:l he app•.ieci by ma~t~ag~e to:~ard the paymQnt of real property taxes, insurance Frem.~ms, a~~d mortgage guaranfy i' urance
premiums. -
~ I VIIT,~ESS V~H OF, the sa~d 1JlORTGAGUR has hereunto set his hard and seal the day and ' st fore .
- i ned, Sea! and eliv red in• the presence of: -
~ - ' - ~ an
_ - . L oyd Ta. o a~
~
~ - (S~a~
~
r _ Cloti3de F. Tayl -~~aR
_
STATE OF FLQRIDA
St . Lucie
COU'JTY OF . _ I ' ~
j Lloyd Taylor
Before me personaRy anpesred a~
~ _ ^ _ ClOtl.~de F. Tavlor t,~: wite, to me rr•ell kno~a•n and known to m.e to be
' the ir~di~.•iduats c~escribed in_ and x~ho execuTed the foregoing instrument, and acknowledged befo:e me t5at they execvted the same 4or the pueposEs
i; *therein expressed. And tfie sjid Clot i lde F. Taylor ~ .
~f Llov Ta lor
; v~if~ of th> said ~ y
I~ _ ~pon a sepuate and pr'rvate
~ exam~nation by me taken separate and apart lrom her said husband, atknowtedged to and before me that she execvted seid instrument freely ar.d volurt-
tarily and v~~thout any corn~u;sion, consrraint, apprefiens;on, or fear of or from her said husband.
' ~ ` June 75
i! , Y/ITNE55 my hand and offida~ seal this_ ~/ZGC.~ day of 0. D. 19
~ _ _ , .
~ . . -
' r - Notary PubGc in and for the S e of Flor' at Large
` ~ My Commission expires: ~~j
' r P.eturn To: ' ~t. a
" Fir:t Federal Savings L Loan Associatiun
Y. Of Furt P:erce. QE(r' ~~f", -
~ Q ~~~j~ Y f~ ' _
Fort Pierce, Flotida ~ `~C1~ ~r ~ , _
~ ~~~AOCEApo
tR~~yar _ ~ -
~ c~acU~ ~~L_ : , , , .
~ . - ~ ~~ap VER~f1EQ _ ,
' ~d'~ ' '"G
4 This Instrument Pre ared B John W. 11EC0 `t•
; Gollins Q ~ ;'~~;t? :~~~`:r;_~•.. : . >
, P y ~ . ~t . . , . - ~ . - F:-:~-
First Federal Savings 8~ Loan Association 1~1 ~ ~lt. ~ ' ~ = : ; . , -~r : ~
~ - _
3 of Fort Pierce ~ Florida dlll~' - :-~'~"`a:~%'-~",.:,~'-- _
S . . ' . ~i ; _ ..'r;. r '
Y ? S
~f La L! v': ~ r.
I ~ Checked By 31'~..135 _ ; , ~ <<__ ' ~•r ` ~ -
; . -
.
~ ~ _ . ? •r~` .
j- ~,?s-+'t' 1 = . '~`~~ri~'.".~\=~` ' '
U R ~~Q PAGf~~7~ - . , . . ,
BOOK ; t` _
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