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S. To pl~ and tp+fi~uous~y kNp an the buildings now or hereafi~r s~luare on a~~d land ~nd on ail puiprnMM ~nd p~rsoMlly cevKtd by Mi~ rr~or't9-
p~, with all pr~eniwm tF»rw~ pud in full, iire ins~rancc +n the usuel ttandard policy fwm, in • tum approwd by tlw MORTGAGEE, 11nd wir~fi?twm
liuursnc~ in tM wwl ~t~ndard po!ity form, in a sum approved by the MC7RTGAGEE. suci~ tomp~ny or oomp+nNS a th~ MORTGAGEE may
dinct; ~nd all fin and w~~dsrorm insurante poticies on any of faid build~nq~, ~ny ir+hreit th~rsi~ or p~rt thenof, In tM p9rpat~ ~um afonsaid or
In u~ass fMnof, tihall ~ontain tM wwl ~tandsrd mortgagee cl~use or auch oths~ clww +~s tiw Mwtnaqw maY rrquin. n+aklnq tM lou unclK uid po1F
cie~, sach ~a+d svay, p~Y+ble ro said MORtGAGEE as ~ia intrrest may appe~r, •nd aoch ~nd ev~ry ~uch poiicy ~hall b~ promptly ~ss:yn~d u~d d~livK~d to
a~y Mld by said MORTGAGEE aa furthtr setv~ity to aa~d n ortgage dcbt, and, not I~ss than t~n (10) days in adv~~+ct of tl+~ ~xplr~tion of ~ach poliCy, to dr
~ivM to ~sid MORTGAGEE a rMewa! thereof, topeth~r wirh a rece;pt for the pramium of wch ranewal; and tMr~ shall bt no fir~ or windstorm inturanc~
plK~d on any of said buildinps, any interest therein or par~ thereof, un!ea~ in tM form and with tM lou p+Y~blt u afw~said; and in tht w~nt +ny wm
pf mo~ey becom~s p~yablt und~r ~uth poliry or pol~cies said MORTGAGfE shall have the option to raceiw ~nd apply the same on a<covnt of ttu ind~bted~
nau ~tu~~d Mr~by d ro permit ssid MORTGAGORS to receive and use it c+ any part thereof fw other p~erpases, wirhout thereb~ waiving or ~mpair-
inp ~ny puity, li~n w riyht undar or by virtue o4 this mo:!gage; end in the event uid MORTGAGORS shail fot any ~esson fail to keep tt~e said pr+misea fo
insured, w fsil fo dtliver promptly a~iy of said poli~ies of iniurante to said MORTGAGEE, or fail proinptly to pay fvlly s~y pr~mi~m therefo~ a in r~y
nspM fail to pNfwm, disch~ry~, execut~, sffsct, tompleta, comply with snd abide by this cov~nant, a any ps~t Fu~wf, said MORTGACrEE may plats and
pay for ?uch insurant~ w any p~rt tMrepf wirhout waiving or •ffectinq any option, lien, ~qvity, or rigift undar w by virtw of this Morfqaq~, a~d the
' fuU ~mo~nt of ~ath snd ~wry ~uth payment thal! be immcd~atr~y due and peyable ~nd shell b~ar inttrest from th~ data thereof u~til paid at th~ rat~ of
nin~ per cantum per annum ~nd tagether with auch interest shali be secured by tM lien of thit mortyay~.
4. To pKmit, commit or iuffa? no waste, impairment or deteriorotion of aaid property ot any part thereof.
5. To pay •11 and tinqular ths cosri, cMrgea and expenses, including a reasonable attorney's fae and coaf~ oi ~bstracts of tifle, incurrsd or p~id d
any time by ssid MORTGAGEE, bec~use o~ in the event af !he failure on the part of the asid MORTGAGC>R to duly, prompNy ~nd fvlly p~~fwm, d+~chuy~,
•xecute, effaN, complete, compty with and ab~de by each and every the itipulariona, +greements, conditions, and coven~nts of seid promiasory not~ and thi~
mortpaps any ot aithe~, t+nd iaid cosri, charge~ and expenses, each and every, sh~ll be immediately due and psysble; wFxthtr w not thtn be notiu dr
m~nd, attempt to mllatt or fuif p~nding; and the fuli amounl of each and every suth payment shall bear int~r~tt from tM date tMreof until pald at th!
rete or nir» per ctntum par annum; snd all said costa, chargos and expenses incurred ot peid, together with tuth iM~r~st, tMll b~ tKUnrd by tM li~n of thi~
mon9sq~•
6. Th~t in the event of sny breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in tha ~vent any of said wms of mon~y
herain refarrfd to be not promptly a~d fully paid ~n•itt,in th~rty (30) days next after the same severally batome dw and pay~ble, without d~m~nd or notit~,
or (c) in tha event eath and evtry the •tipulstions, agreements, condiiions and covcnsnts o4 ssld promissory ~rote and ihis mortq~y~~ rny o~ ~ithar ar~ not
~uly, promptly and fully psrformed, distharge~i, execured, effected, completed, complied with and abided by, 1Mn i~ ~itMr or ~ny wth ~v~nt tfi! s~id p~
yreyate sum mtntioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secund. Mrtby, ~hall b~tome d~~~ •nd pay~
able forthwith, or tMreafter, at the optio~ of said MORTGAGEE, as fully a~d completely as if all of the w~d ~unM of money w~r~ oriyin~lly ~tipulat~d
ro be paid on such dsy, anythinq in sa~d piomis:ory note or in this Mortgage to the conrrory notwithst~ndin9F and tMr~upon or thtnah~r at tfir option of
seid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may b~ prwat~t~d u if all mon~ys Neur~d Mr~by
had mat~red pnu fo iTi inatitution. '
7. Thet i~ thn evenf that st the beginning of or at any time pending any auit upon this Mortgaqe, or to t~orrclos~ it, or to nform lt, or fo anforp
payment of any tlaims herovnder, said MOR7GAGEE shall appiy to !he Gouri having jurisdiction theraaf fot ihs ~ppointment of • R~ceivtr, wth Ctwrt fhall
forthwith appoint a receiver of sai~ mortgaaed property all and singuler, includ~ng aIl and singu~ar the intom~, profitt, is~uh and revMVes from what~ver
source derived, each •nd every of which, it being expressly understood, is hereby mor!gaged as if ~}~ecifically set forth •nd dearibsd in ihi pNntinp and
habend~m clausei hereof, snd such Iteceiver shal~ have all the broad ar.d Effective funct~ons and powers in anywise entru~ttd by a Court t9 a Reuiv~r, •nd
~uch appointment thall be mede by such Court as an admltted equ~ty and a metter of absolute right to uid MORiGAGEE, •~d without rtftnnt~ to th~
sdequacy a inadequacy of the value of the property morrgaged or to rhe soivency or insolventy of s~id MORTGAvOR a ths defendann, and th~t tuch
rents, profi», income, issuas and revenues shall be applied by svch Receiver atcording to the lien or sqvity of said MORTGAGEE ~nd ih~ prattiu of ~uth
CouR.
To duly, promptly and fully perform, discharge, execute, effect, comple~e, comply with and ebide by e~cl~ and ~very th~ ltipulation~, iqtNm~nt~,
conditions and covenants in said promissory note and this mortgage set forih. '
9. Thet in th~ event the ownership of the mortgaged premises, or any part thereof, becomes vesf~d in s pQnon other than tM MORTGACa4R, th.
MORTGAGEE, Iri tuccessws and assigns, may, without noiice to the MORTGaOR, deal with •uch sutcwssor or wte~sor in inter~st with r~ftrtnct to thit
mortgafle end the debl hereby sec~red in the same manner as wifh Mortgagor without in eny way vitiatiny or d~xharfliny th~ Mortysqors' Ilability h~rt
under or upon the debt hereby secured. No sale oi the Frern~ses hereby mortgaged and no forbeerence on the part of t1» MORTGAGEE or its tutceuort
or astigni and no extension of the time for the payment of the debt hereby secured g+ven by the MORTGAGEF er its tuccessor~ or auiqns, ?hall op~ras~
to release, distherge, modify chsnge or affect the original Iiability of the MORTGAGOR herein, either in whole or in p~rt.
10. It is ~pecifically agreed that time is of the essence of this controct and that no weiver of •ny o6liy~tion hareunder or of th~ obliq~tiOn M-
cured hereby sh~ll at eny time thereafter be hetd ta be a waiver of the terma hereof or of the instrument secured Mrby.
11. In add~lion to the forego'ng monthly payments of princ~pal and interest required by the promiswry nota secured hereby, martpagor cov~nant~
and agrees to pay fo mortgagee with each monthly pay~nent an add~iional sum estimated by mortgagee to be equal t0 1~12 of ihe annuel tost of the follow-
ing:
A-All real property tazes levied or asseszed agai~,st tn•= above desvibed real estate.
8-Premiums on fire and windstorm insurarce as nere~n rcqu~red to be carried on the improveme~t~ situate on thz above d~ecribed premises.
C--Premiums on suth mortgage guaranty insurar~ce as rnertgagee shall from t~me ta time deem fit to carry an tht loan tetvred hetsby.
Mortgagee shall from time ro time notify mcr~gagor in wr~ting of the ameunt dve and payable hereunder and •uch •um shall thsreuprm b~ du~ and
payable on the due date of the r.ext month;y pay~nent ar,d e~ch 5uccessive month thereafter until morigagee ehall notify mortgagor of a~hang• in •uch
amount. Such sums shall be applied by mortgagee tov:ard the payment of real property taxes, insurance ptem:um:, and morigsqe quaranty insursnc~
premiums.
IN WITNE55 WHE f, the seid MORTGAGOR has here~nto set his hand and seal the day and sat first aforrsaid.
igned, S~aled a deliv the r of:
~
•i)
(5~~1)
1 !f~,.. ..''CTL~T ~-~,-(Se~l)
(Sesl)
STATE OF fLORIOA 1
caur~rr of S t. Luc i e
Before me p~rsonally appeared JA9$A Perr.y end
IY"~219_~S1'1^~_ his wife, to me well known and known to me to bs
the individuals destribed in end who executed the foregoing instrument, and acknow;edged before me that they executed the same for ihe purposea
fherein expressed. And the said Zrene paerr~7
wife of the iaid ~9935 PRl'*7~'tT upon e aeparate and private
examinet~on by me taken separate and apart from hrr said husband, acknowledged to and before me that she executed said inatrument firea~y and volun•
farily end without any compulsion, constraint, apprehensi fear of or from her said husband.
WITNESS my hand and nffitial saal this day of A. D. 19_.s~,~._
>1!~ .
~
' Notary Pu61ic in snd for the State of Florida at Lar9e
My Commiision expires:
Return To:
Fir~t Federa! Savings R loan Association ' F'_" l i,.1 ~t LARG[
Of Fort Pierce. _ h:~'t _ , . . . ~ _ . . ? 1`3b8
fort Pierte,, F~orida ~ ~~na,..~ r„~~__.,i tri. 6V?GTGWCR$=i
' FIL~jl_ AND REC~RDED
: , .i!,:..;::;~::` ~ . ~~,.t' -l~ ~N- ~~~.lIOOK
J \ , J` r ~ M1 ~ !
~ ~ - ~ ~ '65 •
~ _ . ~ : - , ~ - AUG I 0 PM 2 . 2 5
~ . . ~ . 4: - ~ ~ ~ ~ ~ \J .i3~?'~3 a1_
, - ROGc.f~ f'~~~ ~ r;A~. CLERK
, . ~ ST. LUCIE COUNTY
. ~ _ ~~ORIDA ~
_ ~ooK124 333 ~
_ _ - .