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3. To piece and conhn.,o~sly keep on the buildings Hour Or I-~rraafrcr sauate en said !and end on all equit:mast and prrsenally eover~,i b~• this morr9-
eye, with all prrmLna thereon pad in full, fire imurenca i.~ tae uva~ ttar.dard po!i;y }ern, in a sum appro,rd by the "•"rr21l,AGcE, and windsro:,n
inv.,r~rce in the usual standard l:ollcy form, in a sum appro.ad by the A10RTGAGEE, in such company or con,panirs es the A'.URTGAGEE may
d,rrct; and all fire a.nd ~:rndsicrm ins+ranca policies on any of said build.r.gs, any interest iher~in or part thereof, in the aggreg.'•- sum alor~,aid or
in excess iheraof, shall contahr the usual standard mortgagee clause or s~,;h other clause as the hortgagee may require, making the Io;s under said po~i-
cies, each and every, payable to said !.•.ORTGAGEE as its interest may eppeer, and each a-~d every such po,!cy shill be promptly ass yned and de: hereo ro
any hzld by slid A10RTGAGEE as further security tc said mortgage debt, and, not less than ass (101 days in advance of the expvat+on of each galley, to de- _
Ib:er to '.aid h10RTGAGEC a renewal thereof, together .with a receipt for the premium cf such renewal; and there shall be no (Ire or w•indstonn insurance
glee-'d on any of said buildings, any Leer-st therein or part ther_of, unless in the form and with she loss payable as aforesaid; and in the event any sum
of money becomes poyab!e un;:er scdt policy or poLcies said MORTGAGEE shell have the option to receive and apyly the same on accaunlJor the ;ndebtcd-
ness secured hereby or to permit said Alp RTGAGURS to receive snd use it or a.ty t•~:rn thereof for ot!i~.r t.u•I:a•s. :..t:+o ~t ih •: ~_b: :: ..,+y ~ ,au ~i~~
ing any equity, lien or Hybl undo: or by virtue of This rnortg age; and in the event said 1.10RTGAGORS ahsll for any reason tail to keep the said premises so
insured, Or fail to deliver pro•ptly any of said policies of insurance to seed A10RTGAGEE, or fry r^amptly 10 pay fully any pre:r,ium th_rvfor or m arty
respect fail to perform, discharge, execute, effect, complete, cor.;p!y with and rb:de by ttas cove:•.~nt, er any part hereof, se~,d MIVRTGAGLE ,nay piece a•~~o
pay for such in:u•ante or any pan thereof without waivino or affecting any optVOn, lien, equity, er right vier o• by virtue u! this Mortgage, and the
full amount of each and every such payment shall be hnmediately due anJ payable and shall beer intrrost from the date thereof until paid at the rate o1
nLte per crntum per annum and tuyether •.vith such icterust shat Lie secured by the lien of this mortgage.
<. To permit, commit or suffer no waste imoairment or dete(uretian or said progeny or any part thereof. ,
S. To pay a!: and singular the costs, charges and expenses, icc!uding a reasemab!e attorney's fee and costs of abstracts of title, incurred or paid et
any time by said A10RTGAGEE, becau-.e or in the event of the failure on :he part of the said MORTGAGOR to duly, promptly ar.d fully perform, dnd,arge.
execute, effect, cnmplere, comply with and abide by each and every the stipulations, agreen~,ents, conditions, and covenants of slid promissory note and this
mortgage any or either, and sa.d costs, charges and expenses, each and aveiy, shall be immrdlately due and payable; wisether o~ riot there be nonce d.--
mani, attempt to collect or suit pending; and the fell amount of each and every such payment shall bear interest frcrT: the date !hereof unfit paid et tt~e
r a~~ of nine per cintum per an. wins and all saki costs, charges acd expenses incurred or paid, tog ether with such interest, shall be secured by the Ter. of this
mn tgage.
6. That (a) in the event of any breach of this Mortgage or default nn the part of the A',ORTGAGOR, cr (b) inshe event any of said sums of moray
herein referred to bc- not promptly and Cully paid within thirty (3v) days i;ext abet the <aane se v:rally become due and pa gable, without demand or notice,
or (c) in the event each and every the stipulations, agrrernents, conditions and covenants of sa.d promissory note and th`.s mortgage any or either are not
iuly, promptly and fully performed, d schary•~d, executed, effected, completed, complied with and abided 5y, then in either or any such event the said eg-
yrcgate sum ms; rationed in said pronissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay-
ab!: forthwith, or thereafter, at the option ~f said A10RTGAGEE, as fully and completely as if all of the said sums of mon._y were or~glnally sF~pulated
to be paid on such day, anything in sad promissory note or in this Mortgage to tie contrary notwithstanding; and thereupon or thereafter at the option of-
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosewted as if all moneys secured hereby
had matured prior to its institution.
7. That in the event that at the beginning of or at any time pending any suit open this Alertgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said h1pRTGAGEE shall apn!y to the Court having jurhd!cGon thereof for the apf+oiniment of a Receiver, such Court shall
Forthwith appoint u receiver of said mortgaged property all and singula•, includ rag all and singular the income, prof+t s, issues end revenues from whatever
source derived, each and curry of wh,ch, it being expressly understood, is f.ereby rnortg aged as if speclf icaily set forth and described in the granting and
habendum clauses hereof, and wch Receiver shall nave all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, ands
such, :~~nnintment shall be made by such Court as an ad:mltted equity and a matter of absolute right to said MORTGAGEE, and without reference to the
adrquacv or inadayuacy of the vague of the property mortgaged or to the so',vency or insolvency of said P.tORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shall be applied by wch Receiver according to the tier, or egwty of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply wicks and abide by each and every iha stipulations, agreements,
conditions and covenants in said promissory noW and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the 1ORTGAGOR, the
1,',ORTGAGEE, its successors and assigns, may, without notice to the. MORTGAOR, deal with such successor or successor m interest with reference to fhb
mortgage and the debt hereby secured in the sane manner as with A',ortyagor without in any way vitiating or discharging the Mcrryagors' liability here-
under or upon the debt hereby secured. No sate of the premises hereby mortgaged ar.d no forbearance on the part of the MORTGAGEE or its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass,gna, shall operate
to release, dacharge, modify cF.ange or affect the original liability of tae A10RiGAGOR herein, either m whole or ie part.
10. It is specifically agreed that time is of the essence of this contract ar.d that no waiver of any obfgation hereunder ar of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. !n ,::id.tion to the forego:rg mnnth!y payments of prinCpal and Interest required by the prom ssory note secured hereby, mortgagor covenants
and agrees to pay to n-,ortgayee with each m.onrh,y payment an additional Burn rstrmared by mortgagee to be equal to L, 12 of the annual cost of the follow-
i~tg:
A-A'.! real prcpe:ty ta..cs fouled or assessed against the aba+e desuib_d real estate.
g pr._.niu.ns on fire and windstorm inwracce a; herein requ.red to be carried on the :mprcvrments situate on the above descrii~ed premises.
C-Prea~iun,s on such morgaye guaranty insurance as mortgagee shall fre•m t~:re to time deers fit to cam; on the loan secured hereby.
Mortgagee shall Teen tune to ti rte notify martgagor in writing of the a:r.ou:tt d~a and payable hereunder and such sum shall thereupon be d•_e and
p.tyable on the due dare of the nest monthly payn•.?ni and each successive monta .aereaftar until mortgagee shall notify mortgagor of a change in wch
a count. Such sums shall be applied by r.~ortgagee towa•d the payment of tea! properhy taxes, insurance pr•_m,ums, and rnartgage guaranty insurance
premiums. •
IV y"IiNE55 YlHFREOF, the said MORTGAGOR has hereunto set his hand and sue. !hs day a.^.a year first afor^said.
d, Baled an~~livere in the presence of:
_ (Seal)
'Y
_ ~ a..~,.t21 /~rc ~ (Seal)
~ _-(Seal)
_ (Seal)
COUNTI OF
Before me personally appeared -
y11iA;? i~, ~alt~rs
:. '3~ 'rialtPrs
end
hit wife, to me well known and ,ltrspv,rj,tq •ms .to be
the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the asrng,`for the FgrFwles
alli~c~ K it+alter~ ,
therein exp•ass~S. !>nd the :aid_ - - '
F ~ ,tit ~ l t q ?~ S t~ a~pacQte and priveSe,:
wife of the said
examination by me taken separate anj apart from her said husband, acknowledged to and before me that she executed said ir)sTru&s2ts}ttreely and vylu0-~=
tartly and without any compulsion, constraint, apprehension, fear of or from her said 'Husband. ,: ., ~ ~ ~'
Y/ITNESS my hand and official seal this_ 3t ~) _ day of //' nC ~OrF'r - ~~-.r--. A.`D.'1~~~
'Jotary Public in and for the State of FbridY,•sst,4eFe1lr ' . '~•
My Commission expirepGldfy p~Ulr~r State of. Florida 3t Large
Return To: MV Cpmm;~+s~o~ Exp'res PJov. 3, 1955
First Federal Savings b Loan Association ~ ~ ~~~~ BOndfd by American Surety CO. Of N. Y.
Of Fort Pierce. S
Fort Pi=roe, Florida ~~~)
T t~~~GQ~ gpoK ~ - .
IN----- ~ ~ _~.Q,~ . - ~ .
1952 OCR
S~O~UC E
30 Pr ~, - : ~ ~, - •
:.. '.
S. CIEhK - _ .
_J ••l~ ~... • ~ . ~..
JtJ~t ~'
'I/
STATE OF FLORIDA
.~ r,l~i~• 55.
._