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3. To piste and Continuously keep ors IM buildings now w Mraafta? lit ;1~~ irildlt~t~ ~ _Q(~~,j~y Pm y fx Y Y g'
age, w;th all premiums thereon paid in full, fire insvranca in the uevel eta ar Ic T'--- or- re, in a sum ap roves b tM MJRTG".GEE, and windsterrn
inturusce In the usual standard policy form, In a cum •pprovad by the MORTGAGEE, In sw_h company or companies as 1M MORTGAGEE may
direct; and all fire and windstorm iruurence polkias on any of said buildings, any Intsrett therein or part thutof, in tM aggregate sum aforesaid or
In excess thereof, shall contain the usual trandard mortgagaa ciausa or such otMr clause ss the Matgagae may require, making tM lost under said poli-
cies, each and every, peyabla to sold MORTGAGEE at Its InHrnl may appose, and each and every wds policy tMli be promptly sa:gned and delivered to
any held by laid MORTGAGEE as further secv,ity to said mortgage dabs, end, not tact than tan (10) days in advance os the axplration of aech policy, to do-
liver t.. said MORTGAGEE a ranawal thereof, togetMr with a racsipt for fM premium of wch renewal; and tMra ihall be rso fire or windstorm inwrance
placed on shy of said bvildirsgs, any Intarasl therein or. part thereof, unlett In the form end with tks loss payable at aforesaid; a.•d in the event any sum
of money becorrtet payable undH wch policy or polidei said MORTGAGEE than haw the option to receive end apply the soma on account of the ind~bted-
nasa secured hereby or ro permit sold MORTGAGORS ro raeelva and u•a It or any part tMreof for other purposes, without there-br •.vaiving or nnpav-
ing any equity, lien or right under or by virtw of this rtwrtgagej and In the anent said MORTGAGORS shall !or any reafon fail to 4eep the teid premises so
insured, or fait to deliver promptly any of teid pnlicias of insurance to raid MORTGAGEE, or fail promptly to pay fully ary premium therefor or ir. any
respect fell to perform, discMrge, execute, effect, complete, comply with and abide by this covensnt, or any pert hereof, said MORTGAGEE may peace and
pay fa ouch insurance or any pars ihareof without waiving or affecting any. option, lien, aquity, ar right c'afar or by virtue of this Mortgage, and the
full amount of each and every such payment shall be immediately due and payebla and shall bear Interest from the dote thercof until ptid at the rate o1
nine per centum per annum and together with such interest shall be secured by the lion of this mortgage.
i. To permit, commit or wffer no waste, Impairment w detariorstion of Lard property ar any part thacwf.
S. To pay ell and singular tM costs, charges end expenaet, Including a reasonable ettorne/'s fee•end cotta of abstracts of title, incurred or paid at
env time by raid MORTGAGEE, betsuse or In tM event of the failure on tM p+rt of the said MORTGAGOR to duty, promptly and fully perform, discharge,
execute, ef(ed, complete, comply with and abide by oath and every .he stipv~lttront, sgreements, conditions, and covenants of said promtssory note end This
mortgage any or either, end tsid coati, chargst and axponses, aech and wary, sfiall be immediately due and payable; .whether er net there be notice de
mend, attempt to Collett or suit pending; and the full amount of each end very such payrtsent shall bear Interest from the date thereof until paid at the
Tarr of nine per centum per annum; and all teid costs, charges and expanses incurred o: paid, together with wch interest, shall ba secured by the lien of chit
mortgage.
d. That (a) in the event of any breech of this Morrgaga or default on the part of the MORTGAGOR, or (b) in the avant any of said some of money
herein referred to b@dnot promptly end fully paid within thirty (30) days next after the same severally become due and payable, without de.nand or notice,
or (c) in the avant eachh end every the stipulations, agreements, conditions and covenants of said promissory note end this mortgage any or either ire not
duly, promptly and fully performed, discharged, executed, effected, completed, campGed with and abided by, then in either or any wch ev-tit the said eg
gregate sum mantionad in said promissory note then remaining unpaid, with interact atoned, and all moneys secured hereby, shall become dva and pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully end completely es if all of the said rums of money were originally stipulated
to be paid on such day, anything in raid promtssory note w In this Mortgage to the contrary notwitnstending; and ifurevpon or !hereafter at the cption of
acid MORTGAGEE, without notice or demand, suit et law or in equity, tFierafore or thereafter begun, may be prosecuted as if all menage secured hereby
had matured peer 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 jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoint a receiver of raid mortgaged property alt end singular, inclcding ell and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically tat forth and described in the granting and
habendum clauses Mreof, and ouch Receiver shall have all the broad and effective fvnctiont and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall ba made by such Court as to admitted equity and a matter of abtolvte right to said MORTGAGEE, end without reference to the
adequacy o- inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and chat such
rents, profits, incon-~ issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE end the practice of ouch
Court. - _
B. To duly, promptly end fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions end covenants in raid promissory note and this mortgage sat forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes v:stud in a person other char, the MORTGAGOR, the
MORTGAGEE, ifs successors and assigns, may, without notice to the MORTGAOR, deal with such svccetsor or s!•cce::cr in interest with reference to this
me-tyage and the debt hereby ttcvred in the same manner at with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here
under or upon the debt hereby se~vrtd. No sale of the premises hereby mortgaged and ra forbesrence on the part of the MORTGAGEE or its successors
or assigns and no extention of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate
to release, discharge, modify change or affect the original liability of the PAORTGAGOR Mrein, 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 et any lime thereafter be held to be a waiver of ti:e terms hereof or of the instrument secured herby.
11. In addition to the foregoing monthly payments of print pal and interest required by the promtssory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monih.ly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements siwete on the above described premises.
C-Prsrnivms on such mortgage guaranty insurance as mortgagee shell from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such suet shall thereupon be due and
payable on the due date of the next monthly prvment and each tuccettive month thereafter until mortgagee shell n.,tify mortgagor of a change in suer
amount. Such sums shall be applied by mortgagee toward the payment of root property taxes, insurance premwms, and mortgage guaranty insurance
p~emivms.
IN '.VITNESS WHEREOF, the said MORTGAGOR hea lsereunto set his hand end seal the day and r first aforesaid.
Si red,~ealed age deliv din a pretence of:
_(Se a I)
~ _ (Seal)
• (Seal)
STATE OF FLORIDA
SS.
COUNTY OF ~ i tit nT .i e t
Before ma personally appeared Bernard R. Wi9hen, 8 S~I?:$le adult !h4
.his wile, to me well known and kgpt+j~,~t,9~~ins, to be
the individual dexribed in and who executed the foregoing instrument, end acknowlec.'ged before me that thwt-executed the Wrye.for.,T1;e Rsirposes
he • `• •• v ;
therein expressed. ]~--- _`'~ * ,~ '~.v-':'
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WITNESS my hand and official seal Chia ~~ day of ~ +`i ~ ~•~•'1i9~
- ~_ • ~L~- %~ -
Notary Public in and ~ ~M tat of Florida at lu0e ~'_ '
fAy Commitaion axpir ry Ub1i=. State Of FloriAa 4t ! ara@
t;omm,ssion Exaires Nov. 3, 1•h55
Return Ta: ` 8andld b A
First Federal Savings b tear, Atsociatien • y meriCan Surety Co. of N. y.
Of Fort P~rrce.
Fort Pierce, Florida ~~ ~~~
~,~ .~~ .. `~ : - f ~ A~~~c~ BOOK
• ~ i .~-
- ~ ' ~ °r 1961 Nub
~~. `,<. ' :. • ' ROGER P
;,' ~ ~- sT• IUCIE C4UNt'(r ftOR10A
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