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3. 'fo p:ue and continuously keep on 1M bulldirys now or hwreaftar sltuslw off asp f!~~{f rj{}~~{;~~r{i4tADd personally covered by this mortg-
age, with ell premiums thereon pale In full, fire insvranu in the uswl sursdard policy form, Ina wm approved by the h10RfGAGEF, and windstorm
insurance In the uwal standard policy form, In a sum approved by flee MORTGAGEE, in such company or cornpanias et tM MORTGAGEE .nay
direct; end ell fire end winditorrtF lnwrance poticles on any of said buildings, any InbreN therein or part thereof, in the aggregate wm aforesaid or
in excess thereof, shall ca,uln the usual standard morigsget clause or s~~'h other dauae. ss tM MortOages may nquira, making tM loss under said poli•
ties, each and every, payable to said MORTGAGEE as its Inures) may appear, and each and ovary such policy shall M promptly ass fined and delivered to
any held 6y said MORTGAGEE es further security to uid mortgage debt, and, not leu risen tun (10) days in advance of the expiration of each policy, to de-
liver to feid MORTGAGEE a renewal thereoF, togelMr with a receipt for the premium of such renewal; and there shall be no fire or windstorm insurance
placed oa any of said buildings, any interest th;,rein or part thereof, uniast in the form anti with tM lots payable at aiorauid; and in the event any slim
of money becomes payable under wch polity or potties teiJ MORTGAGEE shall have the option to receive and apply the same on account of the indebted-
ness secured hereby or to permit said MORTGAGORS to recelvs and ute It a any part thereof for other purposes, without thereb; wairi:,g or ~:,~pair-
ing any equity, lion or right under or by virtue of this mortgage; ar,d In tM event said MORTGAGORS shell for any reewn fail to keep the raid premises so
insured, or fail to deliver promptly any of said polities of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor Or in any
respect tail to perform, discharge, execute, affect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place a~~d
pay for wch insurance or any p rt thereof without walvirsg• or af(ectirsg any option, Ilan, gully, or right undm or by virtue of this Mortgage, and the
t•~II amount of each and every wch payment sMll be imrotrdiately due and payable and shalt bear interest from the data thereof until paid el the rare of
nine per centum per ennvm end togettur with such interest shall be secured uy the lien of this mortgeye.
1. To permit, commit a suffer rw waste, Impairment or deterioration of said property or any pert thereof.
S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of ebttrech of title, incwred or paid at
any time by said MURTGAGEE, 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 eb~de by each end every the stipulation, agreement, conditions, end covenants of said promissory rota and this
mortgage any or either, and said costs, charges end expenses, oath and every, shall ba Immediately due and payable; whether or not there be notice dr
mend, attempt to collect or wit pending; and the full amount of each end every such payment shall bear interest from tM data Ihereo( until paid at the
rate of nine per centum per ennvm; end all said coact, charges and expenses incurred Or prd, together wish wch interest, shall be secured by the lien of this
mortgage.
6. That (a) in the event of any breach of this Mortgage or defaJit on the part of the MORTGAGOR, w (b) in the avant any of said sums of money
herein referred to be not promptly and fully paid within shirty (30) days next after the same severally become due and payable, without demand or notice,
or (c) in the evem arch and every the stipulations, agreement, conditior s ar,d covenants of said promissory note and this mortgage any o: either are not
fvly, promptly and fully performed, discharged, executed, effected, comptated, complied with and abided 5y, then in either or any such event the said ag
gregate wm mentioned in said promissory note then remaining unpaid, with inures) accrued, and all money- tecurtd hereby, shill become due and pay-
able forthwith, or thereaft °._ at the option of said MORTGAGEE, as fully and completely as if ell of the said wms of money were originally stipulated
to be paid on such day, any'':=ng in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of
said A10RTGAGEE, without ncti<o or demand, suit at law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured prior 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 shalt apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Ceurr shall
forthwith appoint a receiver of said mortgaged property all and singular, inciud~ng all and singular the income, profits, issues and revenues from ~w•hatever
source c:erived, each and every of which, it being expressly understood, is her-by mortgaged as if specifically sat forth and described in the granting and
habendum clauses hereof, end such Receiver shall have all the broad and affective 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, and without roference to the
adeyvacy w inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR ur the defendants, end !hat such
rents, profits, income, issues end revenues shall be applied by such Receiver according to the lien or equity of said MORiGAGEE and the practice of such
Court.
fl. To duly, promptly and fully perform, discharge, execute, affect, complete, comply with and abide by each end every the stipulations, agreements,
conditions and covenant in said promissory note and thh mortgage tat froth. '
9. That in iha event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than tM MORTGAGOR, The
MORTGAGEE, its successors 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 soma manner as with Mortgagor without in any way vitiating w discharging the Mortgagort' liability here-
under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or itt successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its tuccessors or assigns, shell operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR Mrein, either in whole or Ir, 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 sr
cured hereby shall at any time ihereefter be held to be a waiver of the terms hereoF or of ttte instrument secured herby.
11. In addition to the foregoing monthly payments of princ'pel and interest required by the promissory note secured hereby, mortgagor covenants
a:,d agrees to pay to mortgagee with each monthly payment an additional sum estin,eted by mortgagee to be equal to 1/12 of the annual cost of the fo~low-
ing:
A-All real property texts levied or assessed against the above described reel relate.
B-Premiums on fire and windstorm insurance et herein required to be carried on the improvements situate on the above described premises.
. C-Premiums on such mortgrgs guaranty Insurance as mortgagee shall from time to rime deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due end payable hereunder and such sum shall thareuFcn be due and
payable on the due date of the next n•,onlhly payment end each successive month thereafter until mortgagee shell notify mortgagor of a change in such
ai„ount. Such sums shall ba applied by mortgagee toward the payment of real property taxer, insurance premiums, end mortgage guaranty insurance
premiums.
IN 1Y1T E55 WHEREOF~f~e said MORTGAGOR has hereunto set his hand and scat the day end yerr first eforeseid.
Sea n d ed in th pre once of: ~~ r ,
/ ~ el
-(See I)
t
- -(Seal)
STATE OF FLORIDA
St . Lucie ~' - •
COUNTY OF
Before ms personally ap ared ~a ~. Kilpatrick and
!arse K;lp~stric'c
his wife, to ma well known and known to me to bs
the Individuals desalted in and who executed the foregoirg instrunent, and acknowledged l»for• nx that tMy executed the same for the purposes
rhenin expresead. P.nd the said r'iarif~._FCilPatriCk
wife of tM raid ~• P, Kilpatrick upon a separate end privets
examination by ms ukan separate end apart from her said husband, eckrsowledged to and before me that she executed said Instrument freely and vo~un-
tarily and without any ~ompulslon, constraint, eppreMruion, or foar of or from Mr said husband.
WITNESS my hand and offi:ial seal this ~7f'S day of D. 19 G
Notary Public in and f ,M to of Florida Eerpe
``~`°°h~°~ :~ c`•~!f f~i_,x~`.~_ - _ My Commiuton axpir ' .
,`` ~ VJ ~,~iw'ryi~SMi~en Asa«lation ~~~. S to 01 Flofida at Lirgff
fed a ~y ~, f M ~ -
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_ s.:>J •.;•.~,_,~,. ~R.: r;.. ROGER PO{TRAS. CLERK
;'~~~ ~~~ '; ~~~'°~!~ ST, LUCIE COUNT'(, FtORIOAf~~/
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