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3. To piece end crntinuo~sly keep on the bail Jtngs now or hereafter situate on raid lend and on ell egvipmant end peroonally covered by this mortg-
age, with all premivrnt thereon paid in full, f(re Insurance in the usual ttsrdsrd policy form, !n • tv~n approved by the MORTGAGEE, end windsierrn
insurance in the usual standard poficy form, In a cum approved by the AhOR1GAGEE, in such company or companies ss the MORTGAGEE may
d~recq end all (ire and windstorm icwrence policies On any of u':d buildings, any Interest iharein or part thereof, in the aggregate sum aforesaid or
in excess thtrr:of, shell contain the usual standard moatgagae dauso a such o:har a!ause as the Mortgagee may require, making the loss under said po:i-
drs, each and every, payable to said MORTGAGEE at i» interest may appear, and each and e•rary tuck polity shall ba promptly ass.aned end delivered to
er,y held by seid MORTGAGEE rs further secwify to said mortgage debt, and, not late than ten (10} days in advance of tM aspiration of each policy, to de-
liver to said ti10RTGAGEE a renewal thereof, together oriels a receipt (or the premium of such renewal; and that' shell ba rue fare cr windstorm insurance
placed on any of seid buildings, any intereU therein or part thereof, artiest in the form and :itch the lost payable at aforeasid; and in the event any sum
of money becomes payable under ;vch policy or policies sold MORTGAGEE shell have the option to receive and apply the tame on accoum of the indebted-
ness secured hereby or to permit raid MOPTGAGORS to receive and wt it or any pert thereof for other purposes. without th_rrbr waivi•,g pr nr,ps~:-
ino my equity, lien or right under a by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises to
insured, or fail to deliver promptly any of seid politic: of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or rrs any
respect foil to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any dart hereof, said MORTGAGEE may place e~,o
pay for such insvrence or any part thereof without waivirsp or effecting any option, liar', equity, or right under or by virtue of this Mortgage, and the
full amount of each and every such payment shall be immediately due end payable and shall beer interest from the dots t' ereof until paid at the rase of
nine per cenhrm per annum and together with such interest shall be severed by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of seid property or any part iherenf.
5. To pay ell and singular the coats, charges end expenses, including a reasonable attorney's fee and coats of abstracts of title, incurred or paid st
any time by said MORTGAGEE, Encavse or in the event of the failure on the part of the said MORTGAGOR to duly, promptly end }ally perform, discharge,
execute, effect, complrto, comply with and abide by each and every the stipvlatiom, agreements, conditions, end covenants of seid promissory note end chit
mortgage any or either, and seid costs, charges end expemes, each end every, shall be immtdioHly due and payable; whether or not there be nonce do
mend, attempt to collect or suit pending; end the full amount of each end every such payment shall beer interest from the dNe thereof until paid et the
r,;re of nine pr centum per annum; end all seid cost, charges and expenses incurred or pair, together with tech interest, shall bs secured by the lien of this
mortgage.
d. That (a) in the event of any breech of this Mortgage or default on iM part 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 teveratly 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 note and chit mortgage any or either are not
fuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in Zither or any such event the Laid eg
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, end all moneys seu~red hereby, shall become due end pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were orrginelly ttipvtated
to be paid on such day, anything in said promissory Wort or in thin Mortgage to the 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 prosecuted as if a!I moneys secured hereby
had rr.atvred poor to its inNitution.
7. That in the event that at the beginning of or at any time pen:;ing any suit upon this Mortgage, w 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 said mortgaged property all and singular, including all 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 set for~h end described in the granting and
F,abendvm clauses hereof, and such Receiver shall have all the brord and effective functions and powers in anywise intrusted by a Court to a Receiver, and
such appointment shall be made by such Court es en admitted equity and a matter of absolute right to said MORTGAGEE, and without reference ro the
adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of raid MORTGAGOR or the defendants, end that sucF
rents, profits, income, issues end 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 abide by each and ovary the stipulations; agreements,
conditions end covenants in said promissory note and this mortgage set forth.
~. That in the event the ownership of the mortgaged premises, or any part the:eef, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its succefsort and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and the dent hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here-
under or upon the debt hereby secured. No salt of the premises hereby mortgaged and no forbearance on the pars of the MORTGAGEE or its tvccessors
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, thali operate
to release, discharge, modify change or affect the original liability cf 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 a of the instrument secured herby.
11. In addition to the foregoing momhly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants
and a~tees to pay to mortgagee with each monthly payment an additional cum a+timated by mortgagee to l;t equal to 1/12 of the annual cost of the follow-
L1g:
A-A.II real property taxes levied or assessed age~nst the above described real estate.
B--Premiums on fire and windstorm insurance es herein required to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall 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 sum shall thereupon be due and
payable on the due date of the next monthly' payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
a~:,ovnt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance pram:urns, and mortgage guaranty insurance
premiums.
IN \'IITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid
S' ed, led a del' Bred in the pretence of:
_ ~ Seal)
<.ot/ al)
(Se a Ij
• (Seep
STATE OF FLORIDA
St. Lucie ~
COUNTY OF
Before me perwnally appeared J03Bpt1 J Mf3s8ii-L and
Miriam ~. ~~~-.i nA F.is wife, to me well known and known to me to be
the individueb detuibed in and who executed the foregoing instrument, artrf acknowledged before rtes that they executed the lama for the purpous
therein expressed. And the said Mi ri aIll E Me s s I na
wife of the aid Joseph Ja Messinf~ _ upon a separate end privue
examination by me taken separate and epsrt from her said husband, acknowledged to end before me that she executed said Instrument freely and volun-
tarily and without any compulsion, constraint, epprehention, or fear of or from her aid husband. L~ ,.~s
WITNESS my hand and official seal this 6 t~h day of A. D. 19~S1G
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N ary Public in and for the State of Fbrida at larva
Commitaion expires:
Return ~o:
Flnr. F`•da~~l},tiwerp~f(l+~~.y~ I+tv~r, N6tary Public, StatB of Florida at l.a!'Be
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11~9~7 My Commission Expires A,xil 24. 1965
American Surety Co of N Y
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