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- 3. To pace and continuoudy keep on The buildings now er }sareaftsr sitwta on said land and on sfl equipment and persa~ally covered by this matg•
sga, with all premiums thereon W'd in full, fir• inwrnce in the tiro+I standard policy form, in a wm approved by the MORiGAsEe, and windstorm
insurance in the usual standard polity form, In a sum approved by 1M MORTGAGEE, in such cur•spany or companies as the MORTGAGEE tnay
directs ar,d all flea and wirtfatorm insurnce policies on any of said buildings,. any interest the:ein or part lhereoF, In the aggregate sum aforesaid or
In exua thereof, shall contain the usual standard mortgagee dsua or such other clause a tM Mortgagee may squire, making the Ines under said polo
clef, each arsd every, payable to said MORTGAGEE a its Interest rnJty appear, end each and every such policy shell be promptly ass.gncd end delivered to
any said by aid MORTGAGEE as furthir security to wid mortgeg• debt, and, rsot lea than tan (10) days in advance of the •xpiratton of each policy, to de-
liver to acid MORTGAGEE a renewal tf»reof, together with t receipt for the premium of such rnewal; end char shall be no fire or windstorm insurance
placed on any of .aid buildings, any interest tMrin a part thereof, unless in the form and with the loa payable as aforeuid; and in the event any wm
of money becomes payable under such policy or policies aid MORTGAGEE shall have the option to receive and apply the fame on account of the indebted-
ness secured hereby or to permit said MORTGAGORS t0 receive and use it w any part thereof (or other purposes, without thereby warvvng or unpau-
Ing any equity, lien or right under or by virtw of this mortgsger and In ttie event veld MORTGAGORS shell for any reason fail to keep the said premises so
insured, or fait to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
rospect fall to perform, discharge, execute, efirt, complete, comply with •nd abide by this covenant, or any part hereof, said MORTGAGEE may place a•~d
pay for such insurart<e or any part therwf without waiving or affsctirsg any. option. lion, equity, or right under or by virtue of this Mortgage, and the
full amount of each and every such payment shell ba immediately du• and payable and shall bear interest from the date thereof until paid at the rote of
nine per centum per annum and together with such interest shall be secured by the lien of this mortgages.
4. To permit, commit or suffer rso waste, Impairment or deterioration of said property or any part thereof.
S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee end costs of abstracts of title, incurred or paid at
any time by said MORTGAGEE, because or in the event of the failure on the pert of the said MORTGAGOR to duly, promptly and fully perform, discharge.
execute, effect, complete, comply with and abide by each end every the stipulations, agreements, conditions, and covwnants of said promissory note end this
mortgage any or either, and said coats, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de
mend, attempt to collect or suit pendingt end the full amount of each and ovary tech payment shall bear interest from the date thereof until paid at rl,e
rate ~f nine per centum per annum; and all said costs, charges end expenses incurred or paid, together with tuck interest, shall be secured by the lien of this
mortgage.
d. That (a) in the event of any brtach of this Mortgage or default on the pert of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promissory nets and tF,is mortgage any or either are not
duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either a any such event the said ag-
gregate sum mentioned in said promissory not• then remaining unpaid, with interest accrued, end all moneyt secured hereby, shall become due and pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if ell of the said sums of money were originally stipu!eted
to be paid on such day, 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 law or in oquity, therefor or thereafter begun, may be prosecuted es if ell moneys secured hereby
had matured prior to its institution.
~. That in the event Chet 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 he'eunder, said MORTGAGEE thall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property ell and singular, tnclvd~ng all and tingular the income, profits, issues and revenues Irom 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 cruses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without reference io the
adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE end the practice of such
Court.
B. To duly, promptly and fully perrorm, discharge, exec rte, effect, complete, comply with and abide by each and every the ttipulations, agreements,
conditicns and covenants in said promissory note 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 MORTGAGOR, the
MORTGAGEE, its avccesson and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and the debt hereby secured in the tame manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearer,ce 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 assigns, shall operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. II 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 shat! at any time thereafter be hard to be a waiver of the terms hereof or of the instrument secured herby.
11. In addition to the foregoing monthly payments of prise pal and interest required by the promssory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1 / 12 of the annual cost of the follo,rr
tny:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums nn fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty insurance es mortgagee shell from time to time deem fit to carry on the loan secured hereby.
Mortgagee sha!I Irom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due ar.d
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall nosily mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance
premiums.
IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea! the day and year fiyt aforesaid.
gn d, Bled end delivertd in the presence of:
Y ~ _~(Seal)
i
- - (Seel)
r- ~~ \ty
_(Seaq
- (Seal)
STATE OF FLORIDA ~ ~
COUNTY OF S tr Lug i e
Befog me personally appeared s ~~ Rn CTnl end
i1'ltl i~T=° ~PpTn his wife, to me wet! known end known to me to be
the individuals described in and who exev~ted the foregoing instrument, end ackno~wledg:d before me that they executed the same for the purposes
therein exprested. And the sal ~inT1fl Mfie ~P Eit^
wife of the said s r1IT1 ~~ ~~ - upon a separate and private
examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely ar,d volute
rarity and without any compulsion, constraint, apprehension, or leer of or from hr+ said husband.
WITNESS my hand and offical seal this "~flta't day of_
f Diary Publ nand for the State of fioride et largo
My Commission expires:
Return To:
First Federal Savings S loan Association
Of Fort Pierce.
Fort Pierce, Flonda
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Notary Pubic, cr,•c o' F'^r"d? ~ t L:~r»
friy Cnrnm.ss on Cx;t.rc_ ',1v~r! i 1. ?9Gu
11®,~~~~ f3onderi br ;n;c ; :r: S:u;;y ;,~. ^~ '1. Y.
~N FIIED AND RECORDED
800K
1961 N0~' 30 PM 3: I 1
ST.~ UE E COUNTY FrIORIDA
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