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3. To plw and continuously keep on tM bulWirtps now a hereehw situate a
age, with all pramivms tturaon paid in full, ftn Inwranp in the usual standard pa
Insurance in tM usual standard policy form, In • awn approved by Else MORTOA(
direct; and all fire and windsrc~,m Insurance polkNs w- any of saW bulldirtgs,
in axceu thereof, aMlt contain stet usual standard mortgagee clause a such other e
tiers, each aril every, payable to ssid -AORTGAGEE as iri Interest snag appear, and w
any Mld by said MORTGAGEE as further security to said ntortgape debt, and, rtot lass
liver to ufd MORTGAGEE a renewal thereof, together wMh • rnoeipt fa tM premivn
placed on any of said buildings, any interest tMrein p part thereof, unless In tM fi
of money becomes payable under such policy or polkMs sold MORTGAGEE sMll Mw
ness secured Mreby or to permit said MORTGAGORS to receive and use It a any p
ing any equity, lien or right urder or by virhra of thh mwtgagas and In t}te avant u'
insured, or fail to delhrer promptly any of said policies of insurance to said MORTi
reaped fail to perform. discMrge, execute, affect, complete, comply with and abider
pay for such inwrance or any part thereof without waiving a affecting any option
full amount of each and every such payment sMll be immediately dw and payable
nine per centum per annum and together with such interest atoll M secured by tM lie
!. To gr.rlt, cnmrr.it or suffer ne waster irrtWirrnant « dettri«:tww, of iais7 u
r. .~ j,ij ::: ::~-~ s.::yu:~: ...., ~..... ~--: y::: cc:. 'ri:::"»~., :c ~:~'::~ rc~°3u~
any lima by said MORTGAGEE, because p~ln tM avant of tM failure on tM part of
execute, effM, oompleta, comply with and abide by each and awry 1M stipulations,
mortgage any or either, and said costs, tlsarges and expenses, uch sect every, ttMll
mend, attempt ro collect « wit pantiirtg; anti ins full amount of eaci+ and ovary se
rote of nine per centum per annum; and all said cwri, cMrges and expenses incurred
mortgage.
6. That (a) in tM went of any breech of this Mortgage Or default on the part
Mrein referred to be not promptly end fully paid within thirty (30) days next after t
or (c) in the event each and every tM stipulations, agreemenri, conditions and coven
duly, promptly and fully perfaerrted, discharged, executed, effected, completed, compl
grcgate sum mentioned in said promissory note then remaining unpaid, with interest
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and corm
-o be paid on such day, anything in said promissory note or in this Mortgage to the
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a
had matured FriOr to ifs institution.
7. That in the event 1Mt at the beginning of or at any time pending any su
payment of any claims hereunder, said MORTGAGEE shall apply to the Court Mvin
Forthwith apf%cint a receiver of said mortgaged property all and singular, including a
source derived, each and every of which, it being expressly understood, is hereby
habendum clauses hereof, and sucf~ Receiver shall have all the broad and effective f
such appointment shall be made by such Court as an admitted equity and a matter t
adequacy or inadequacy of the value of the property mortgaged or to the solvency
rents, profits, income, issues and• revenues shall be applied by such Receiver actor
Court.
b. To duly, yrun:yily an.: l~Hy p~rfia:u, disiP;ary ~.~:.:a, effect -::gist.,
conditions and covenants in said promise«y note and this mortgage set forth.
9. That in the event the ownership of the mortgaged promises, or any part
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, d
mortgage and the debt hereby secured in the same manner as with Mortgag« with
under or upon stet debt hereby secured. No sale of tM premists Mreby mortgage.
or assigns aid no extension of the time for the payment of the debt hereby secure
ro release, dacharge, modify change or affect tM original liability of tM MORTG
10. It is specifically agreed that time is of tM essence of this contrsct ,
cured hereby shall at any time thereafter be held`to be a waiver of tM terms here
IIJ V:ITNESS WHEREOF, the sa'd fJIORTGAGOR has hereunto set his hand ant
Si Sealed ~ delivRred in the presence of:
u
STATE OF FLORIDA
Saint Lucie ~
COUNTY OF - --- ~
Before me personally appeared Arl i n
the individual! described in and who azecuted tM foregoing instrument, and •
therein expressed. r4td the ui'
WITNESS my hand and official ual this /,"--- day of-
~~ ilejvrjt To:
Eitat"fefJetllrSfV'~js,.,i fgan AssociaYan
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