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3. To place and continuously keep on the buildings now or,fpreajtff,ai}uaje.gq~+}i¢ lags{ yid on all squipnront and prraon.lty covered by this mortg-
age, with aI; premiums thereon paid in full, fire Insvranca In the seal -t' rd po tai jlerr)i t rt:( a wnt approved by the MORTGAGEE, erxf windstorm
inwrance in the uwal dsndard ;wlicy form, 1n ~ cum spprovrJ by the MCRTGAGEE, in w:h comnanv or componiea at the fP,ORTGAGEE may
duct; end ah fire a,~a windstorm irurance paliciaa un any of paid fwlldingh env lntarest therein ,ar ps.-t thuoof, in the apgr.:gata sum aforesaid sr
!n excest thereof, shall contain the usual ttandsrd mortg+gea dwse cr such other clruw ns the Martgayee may require, making the lots under u;d nett
cios, each rnd every, payat!s to raid MORTGAGEE a its :nearest mry appear, and each aril rvery wch Pelicy shall be promptly aas.gned end delivered to
any held by said h10RTGAGEE as further security to raid mortgage debt, and, not !ow tl.en ton (10) days {n advarxe of the expirNipn of ;each p:.licy, to da•
liver re said MORTGAGEE a renewal thereof, togetMr with a receipt for the p;emlurn or such renewal; and theta hull bs no fin or windstorm insurance
placrd on any of said bviidirsgt, any intsreat tharetn M part thereof, anises in the form and with the kts payable n aforesaid; ind, In tt,e avcnt any wm
of money becomes payable under such policy or policies Laid MORTGAGEE shall have the option to receive and apply rha came rn account of the Indabted-
rzss secured hereby or to permit -aid MORTGAGORS to receive and use it or any pert :htrro( for other purposes, without thereby waiving o~ unparr-
ing any equity, lien cr tight under or by virtue of this rtsorrgage; and in rha event said MORTGAGORS shall for any reason fail to keep tM raid premises w
inscred, or fail to deliver promptly any of seta policies of Insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or In any
rzspect fail to perform, discharge, execute, effect, comp!eq, comply with and abide by this covenant, or any part hereof, srid MORTGAGEE may place and
pay for wch Insurance or any part thereof without waiving-or affecting any option, lien, equity, or right under or 6y virtw of this Mortgage, end tfir
full amount of each and every tuck payment shall be immediately due and payable and shall bear imerett from the data thereof umil paid a1 the rata of
nine per cenrum per annum and together with such interest shall be natured by rha lien of this morigsge.
J. To permit, curnrnii or wife. no watts, impairment or deleriontion Of sold property or any pert thereof,
5. To pay all end tingvlar the costs, charges and expenrrs, lncl+,rdirs9 a reasonable attorney's fee and cosh of abatrectr of title, Incurred or pe!d at
any time by said MOrTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to truly, promptly and fully perform, discharg0.
execute, effect, template, comply with and abide by each and every the stipulstiont, agreemeros, conditions, and covenants of said promissuy note and this
mortgage any or airher, and said costs, charger area axpenset, each and every, shall be Immediately due and payable; wfuther or not there be notice dr
nand, attempt to collect or wit perwing; end the full amount of each and every tuJ: pigment theil bear Interest Isom tfw dote thereof until paid at the
nett or Wins per cenrum per annum; and all raid costa, charger end expemes irxurrad or paid, together with wch intersal, shall be natured by the lion of this
mortgage.
b. That (a) in the event of any breach of Chit Mortgage or defeuR ore the pert of the MORTGAGOR, or (b) in the sushi any of said tvmt of money
herein referred to be rot promptly and fully paid within thirty (30) days next after the tame teverslly become due and payable, wiliwut demand or notice,
or (c) in the event each and every the ttipvlationt, agreements, conditivns end wvemsntt of t+id promissory note and this mortgage any o• either era not
lacy, promptly end fully performed, discharged, executed, effected, completed, complied with and abided by, than in airher a any such event tM raid ag~
grzgate wm mentioned in raid promissory note than remaining unpaid, with interest accrued, and ail moneys recurred hereby, shall become dw and pay
able forthwith, or thereafter, at the option of said MORTGAGEE, at fu{Jy and compterely an if ell of the tail sums of money wue originally stipulated
to be paid on tech day, anything in said promissory note or in thlt Mortgage to the contrary notwithstanding; and therwpon or thereafter at the option of
said MORTGAGEE, without notice or demand, Curt at law or In equity, therefore a tftersafter begun, may be prosecuted at If all monayt secured hereby
had matured poor to its institution.
7. That in the event that at the beginni;sg of or at any time pending any suit upon this Mortgage, or to foreclwe it, or to reform It, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fu the appointment of a Receiver, such Court shell
forthwith appoint a receiver of said mortgaged property all and singular, intl+,d~ng ell and singular tM Income, profits, issuer and revenuer from whatever
source derived, each and every of which, it being expreuly understood, it hereby mortgaged es if apacificdly Mt forth and described in the granting and
habendum cleutes hereof, end at~ch Receiver shall have all the broad and efftxtive functions and powers in anywise entrusted by • Court to a Roceiver, and
such appointment she!! be r,sads by such Court es an admitted equity and a matter of absolute right to teid MORTGAGEE, and without rsfertncs to the
adequacy or inadequacy of the value of the property mortgaged or to the rQlvency or insolvency of said MORTGAGOR a the defendants, and that such
rents, profits, income, issues and revenues shall ba applied by ruck Receiver according to tM lien a equity of raid MORTGAGEE and the practice of s,ch
COUrt.
E. To duly, promotly and fully perform, discharge, execute, effect, complete, comply with: and abide by each and every the ttlpulations, agreements,
conditions and covenants in said promissory note and this mortgage set forth.
9. That in the event the owreership of the mortgaged premises, u any pert thereof, becomes vetted in a prrson other then the MORTGAGOR, the
A50RTGAGEE, its cuccessort and assigns, may, without notice to the MORTGAOR, deal with such tuccsasw or successor In interest with referents to chit
mortgage and the debt hereby secured in the eama manner at with Mortgagor without in any way vitiating or discharging the Morlgagorr' liability M_re-
under orupon the debt hereby secured. No axle of rha pramiset hereby mortgaged and no forbearance on the part of the MORTGAGEE or its tuccestort
or ass+gma end no extension of the time for the payment of the debt hereby secured given by rha MORTGAG€E er its tutcetsc:r or estignt, shalt operate
to release, discharge, modify change u affect rha original liability of tf» MORTGAGOR herein, either in whole or in part.
10. It is spxifically agreed Chet limo is of the essence of this cortnct and that no waiver of any ob!)gation hereunder or of the obligation re•
cured hereby shall at sty time thereafter be held to be a waiver of the terms hereof or of the irutrumant natured herby.
11. In addition to the foregoing monthly paymsntt of princ'pa! and Interest required by t!» promiuory .tote secured hereby, mortgagor covenants
and egress to pay to mortgagee with each monthly payment en additional wm estimates by mortgagee to be egwl to 1/14 of :ha annual wet of the fallow-
ing:
A--AII real property taxes levied or assessed egaintt the above described real estate.
3-Premiums or. lire and windstorm insurance as herein required to be tarried on the Jmprovements situate on rha above described premises.
C-Premiums on such mortgage guaranty insurance st mortgagee shall from time to lime deem fit to carry on the ban secured hereby.
Mortgagee shall from rims to rime notify mortgagor in writing of the amount due and payable hereunder and wch wm shall thereupon be due end
Fayab!e on the due dote of the next monthly payment end each succettive month thereafter until mortgages shall notify mortgagor of a change in such
amount. Such sums shell be applied by mortgagee toward cite payment of rest property texas, insurance premiums, end mortgage/fig/u7aranty Lnsurance
f ~YITNES$ YIHEREOF, the said MORTGAGOR has hereunto set hit hand end teal rha day an yea rte afor aid. -
p: emiuma. !L.-ar
r ne ,^ led an livered in the pretence of:
an
• -_LS+sD
- (Seaq
(Sea q
STATE OF TIORIDA
S5.
COUNTY OF 5_t LLf% i A
Before me personally app+ared f'•hAr~ f3-o r 56JiL~. end
° his wife, to me wall known and known to ma tc be
the individuals dewibed In and who executed the foregoing instrument, acknowledged before ms that tlviy exewted the same for tM purposes
therein expressed. And the old ~f3I1-I' j-fit t A M _ S f1 fl~ ~
wife of rha said ('hgY'-1-93~i- ~-~RZ ~ upon a stpereta and private
examination by mt taken separate and apart from her said husband, ackrtow;edged to and Ixrforo rev that she executed said Instrument freely and volun-
tarily and without any compulsion, conttraMt, appreheruion, or tear of 4r from Mr said husband.
WITNESS my hand end official seal this ~~- day of -, P_ D. 19_~_
Notary Pvbl c In and for the Scree cf Florida at large
My Cornr;+iuion ezpirest
Return To:
Flrtt Federal Savings 6 lo-n Association
Of Fort °ierce.
Fcrt Pierce, Horida
19.0'761
~~
FILED Al~ll RECOR ;: fc
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1962 Nt~~ 29 PM ~. I ~~.~ ; ~:
- wr~
R4GE~ PGi?RAS, C~.ERK~ '~;4
ST. L4lC~t C~UNTYr Fl.4R{CA ,.r
~~
Notary ruu ~. ,t.t!~ •; rulr::,a at urge
h1y Comma ore Exp.res „!uc+t 11, 1455
Bonded by American Surety Co. of N. Y,
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