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3. To piste end continuocsly keun on the buildings now or herceRe~ liNh~_"dri~~ald lard artd on ell equipment end ptrsona!!y covered by this mwrg
age, with all premivrns thereon paid in full, lire insurance in the usual ttandt'rd policy form, in a win approved by the .ti10RfGAGEE, and winds•o-,
insurance in the uwal Nanderd policy form, in s :um approved by the MURT;,AGEE, 1n wch co.mpanv or compan;es ss the 1~10RTGA3EE Huy
direct; end ell fire and windstorm insurance policies on any of raid buildings, eny interest rhereir, or part thereof, in the aggfe9ate aurn aforesaid cr
in excess thereof, shall contain the usual standard mortgages clause or wch other clause as the Mortgagee may require, making the loss under said po',i-
cies, each end every,_payab!e to said MORTGAGEE es its interest may appear, and each end every such policy shall be promptly esf.gned ar.d delivered to
any F-1d by raid MORTGAGEE at further security to raid mortgage debt, and, not less Than ten (10) days In eJvance of the expiration of each policy, to de-
liver to said MORTGAGEE a renewal thereof, together with a receipt (oc the premium of tech renewal; end there shall be no fire or windstorm insurance
placed on any of said bu`!d~ngs, r.ny interest therein or part thereof, unless in the form and with the loss payable as aforesaid; end_in the event any sum
01 money becomes payable under such policy or policies raid MORTGAGEE shall have she option to receive and apply the same on account of the indebted-
ness secured haroby or to permit said MORTGAGORS to receive and use It or any part thereof for other purposes, without thereby w'ar""'7 O1 ""f''"'
ing any equity, lien or right under or by virtue of this mortgage; and in the event raid MORTGAGORS shall for any reason fail to keep Iha said premises so
insured, or fail to deliver promptly any of said policies of insurance to said Ir10RTGAGfE, or fail promptly to pay fully eny premium therefor or in any
respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covana,•.t, or any part hereof, said MORTGAGEE may put-' a".d
pay for such insuranca`or eny part thereof withous waiving or affecting any option, lien equity, or right under or by virtue of this Mortgage, ai+d tf,e
cull amount of each and every such payment shall be immediately doe and payable and shalt bear interest from the dote Iheroof until paid at the tale of
nine per centum per annum and together with such interest shall ba tecured by the tier. of this mortgage.
!. To permit, commit or suffer no wttte, impairment or deterioration of raid property or any par' thereof.
5. To pay ell and singular the cosh, charges and erpenses, including a reasonable ahorney's fee end costs of abstracts of title, incurred or Pa7d at
- /rime by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, disd,arge
execute, effect, complete, comply with and abide by each and every the stipulatiocs, agreements, conditions, and covenants of said promissory Wore and th.;s
mortgage any or either, and said costs, charges and expenses, each and every, shaft be immediately due and payable; whether or not theta be notice c{~
rnand, a:ttmpt to collect or tuft pending; and the full amount of each end every such payment shall bear interest from the dote thereof until paid at tr,e
rare of nine per centum per annum; and all said costs, charges and expanses irxvrred or paid, together with such interest, shall be ts.ured by the lien of ills
mortgage.
6. That (a) in the event of any breach of tilts Mortgage or default on the pate of the MORTGAGOR, or (b) in the event any of said rums of money
herein referred to be not promptly and fully paid within thirty ,30) days next after the same severally berome due and payable, without demand or notice,
or (c) in the want each and every the stipulations, agreements, conditions and covenants of said promissory Here and this mortgage any or either are not
duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag
gragate cum mentioned in said promissory note then remaining unpaid, with interest accrued, and ell moneys secured hereby, shat! become due and pay
able forthwith, or thereafter, a~the option of raid MORTGAGEE; as Putty and completely as it alt of the raid wins of money were originally stipulated
to be paid on such cloy, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suit at la.v or in equity`, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured poor to its institution.
7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jvri:diction thereof for the appointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, prolits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and
habendum clauses hereof, and such Receiver shall have ell the broad and effxtive functions and powers in anywne entrusted by a Court to a Receiver, a„d
n~ch appointment shell be made by such Court as an admitted equity and a matter of absolute right to said r•,10RTGAGEE, and without reference to the
adequacy or inadagvacy of she value of the property mortgaged or to the solvency or insolvency of said h10RiGAGOR or the deferdams, and tt,at such
rents, Profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abido by each and every the stipulations, agreements.
conditions and covenants in said promissory note and this mortgage set forth.
9. That it the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
h10RT'3AGEE,, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or sutcessor in interest with reference to this
mortgage ancr the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharying the Mortgagors' liability here-
under or upois the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the hSpRTGAGEE or its tvccessors
or assigns ape) rw extension of the time for the payment of the debt hereby secured given by the h",ORTGAGEE or rts successors or assigns, shall operate
ro release, dis~,arge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or 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. In addiron to the foregoa,g monthly payments of princ~pal and interest required by the p:ornissory note s~•cvred hereby, mortgagor covenants
a,rJ agrees to pay ro mortgagee with exh monthly payment an add~tionai sum esti,nated by mortgagee to be egwi to 1; 12 of the annual cost of the fol'~.pw-
ing.
a- AU teat property taxes levied or assessed against the above desuibed reef estate.
H FrL~~niJT3 on fire and windstorm insurance as herein required to be carried on the imp:ovamenn situat_ en the above described premises.
C - Prrnwms on such mortgage guaranty insvranu as mortgagee shall from time to time deem (it to carry on the loan secured hereby.
":.oitgagee sha'I from t;me to time notify mortgagor in writing of the amount due and f,ayable hereunder and such sum shall thereupon be due and
I•ay ab:e on the due da'e of the next monthly payment and each successive month Ihereefter u.,til mortgagee shall notify mortgagor of a change rn wch
anount. Such sums shalt be applied by mortgagee toward the payment of real properly taxes, 6aurance prcn,~us+s, and mortgage guaranty insurance
p re m.i~ms. `1
1. \':ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand end seal the day and year .first afcresa:d.
7k%g d le and deliver in the presepce of: i y r /
L -~ (Seal)
T` ~;, ~V ~12 ~ ~ _ / + (Seal)
-- - ___ ($eall
---- -~
(Seal)
STATE OF fIORIDA 1
f SS.
COUNTY OF _~t • LTIr : r' (
Before me personally appeared )T A' ^n~' js 1>t~ 1 1,-;» and
Mi ~ l { F, A J,1i ~ 1 csr+ _ his wife, to me well known and known to me to be
the individuals described in and who executed the foregoing instrument, end acknowledged be~~fo~~reme that they executed the same for the purposes
- ~ R l ~ Ll.~~a-. N, ~ 1 n n _
therein expressed. And the raid -
wife of the said __. __~~Fi~CI^r') i _ Mj ~ l _-,n _.. _____, upon a :operate and private
rxemination by me taken separate end apart from her said husband, acknowledged to end before me shat she executed said instrument freely and volun-
tarily er.d without any compulsion, cons4raint, aporehention, or fear of or from her said husband.
WITNSSS my hand and official teal this__ ~ nth day of Q_SCF'mh°T A. D. 19
i .,
Notary Publ' in and for the State of Florida at Large
My Commission expires:
Return To:
First Federal Savings Jlr Loan Association ,,~ , . . ,~ _ ••o pf f pr d~ al Lars;
O! "oil Pierre. fL. CU''l:n ~, +pn [" ~ .•
Fort Pierce, Florida ~~~ r,trr ^nir,~~r~•,,'Cn I1, 1~oG
• 11.
• t ~ `~~ •~ ~ ~ ` IS6Z NOY 13 AM t 1: I 0 .
- ~~ ~'. ~ .I•~.•, ~~ ROGER P017RAS, CI~P,n
•~.. ,' .~ ~~` $T. Lt1S~E BUNT'!. flOR1DA ! ~`~~
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