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S. To pl~u and continuoutly k~p on th~ buildinp~ now a Mreaft~r utu~1~ oe~ s~id land u+d on ~N equiprt~tM ~nd p~rsonally cowr~d by thia matp~ t
witA ~II prtmiunq Ihenpn p~id in fvll, }i~~ irquranc~ in the ~swl standard policy fwm, ie~ ~ sum approwd by tM MOR~GAGEE. and wind~twm +
in~w~np ie tM utwl uandud po1Ky fam, i~ s ium spproved by ~he MORTGAGEE, in t~ch company o~ companiK u th~ MORTGAGEF nwy '
dirMt ~nd atl tirt snd w~ndtrorm in~ur~r~c~ polK~c~ on any of aaid bvild~nps, any i~~~r~st therein w put tMrwf, ln IM ppre~q wm s(oraaid or
In ~xqs~ 1M~~of. ~MII contain th~ uwal itandud morrgage~ cl~u~e u such other clavie ~s tM Mortyage~ m~y rpuir~. ma~i++p tM Iws w~dK u~d po1F
w ~
d~s. ~sd~ ~nd ~wry, p+y+bl~ ~o said MORTGAGEE ~s its inf~~eit may appea~, and each and every :ucA policy ~MII b~ p~omptly ~u:pr?~d ~nd d~livend to ;
~ny h~ld by uid MORTGACsEE as fwther secv~ity to s~id mortps9e debL and, nof less lhan ten (10) d~ys in adwnt~ of tht ~xpiratioe? of ~ach policy, to d?
IivN to ~aid Iy1pQTGACsEE • renew~l thKwf, tops~hK with • rece~pt ior the premium of tuch renewal; and ther~ shaU b~ no f~rs o~ wtndstam imwanu
p~K~d on any of said buildinp~, any Inte~tst ther~in a parl thereof, unleu in the form and with Ihe loss payabb ss a(oresaid; u+d in tM awnl any wm
af ^+oMY becom~s Wy~bt~ w~d~r such p~alicy w policia isid MORTGAGEE shall Mw the option lo rec~ive and ~pply ths isn,e on accwm of ~h~ ind~b~ed
n~u Mcw~d h~r~y p~ b pKmif s~id AI{pRiGAGORS to tectiw and usa if w any part thcreof fa other pu~poses, withput th~eb~ waiving a ~mpair-
irq ~nr puity, li~n or right w+der or by virtw of thit morsgsye; and in the ~ve~t ~s~d MORTGAGORS ~MH (a ~ny ~eason f~il ro keep the said prsm~iet so
(nsur~d, w fail 1o d~liwr promptly any of ~aid polities of infurant~ to said MORTGAGEE, w fail p?omptly lo pay futty ~ny premium tMrefp p In any
~~ip~et fa?1 ~o pNfornL dixM~ps, sxecW~ ~ffect, complet~, comply with and ~bide by this covenanl, or any part hereof, s~id MORTGAGEE m+y place +nd
p+Y ta such imwanc~ w ~ny put tMrwf without wsivinp w ~ffactinp any option, Ikn, eqvity, or riphl vnder a by virtw of this Mwtqaps, and the
fuN amount oi each ~nd ~very sucA piyn»nt shalt be immecliately dw and payabls and shall bsar in~ere~~ fran th~ dat~ the~eof ~m~il peid af th~ rat~ ol
nin~ pN tt~t~m pN ~nnum and together witA tvch interesr shall bs secvred by tM lien of fhis mort9age. •
To pKmi1, o4n~n?if o? suffK oo wasf~, imp~'ument w detaiontan of ssid property w any p~h thereof. '
5. To ar +~i and ~gvlar rh. cost~, ch~rpes ~nd expenfe~, ir?slud~np a reasonable attorney's fee and costs of ~bsrract~ of titte, incu~r~d o~ paid at ~
•^Y « bY s+7d MORTGAGEE, baavse a ie the ty~nr of the failure on !he parf of ~M said MORIGAGOR ro duly, promptly ~nd fully perform, d~xhu4~
•xecut~, ~ffcst, compl~t~, comply w;th and ab~de by ~ach and every the uipulations, agroements, conditions, ~nd mvenan~i ot said promissory note and ~hu
mortpa~ any o~ ~ither. ~r~d uid tosy, charpes and expenses. eacA and every, si+all bt immediately dve and payable: whcthei a not d+ere be ratiu d~
mand, ~tt~mpf to collect a wit p~ndiny= ~nd the full amount of cacF~ and every iuch payment shall bear internt from tM date thereof until patd a1 tM
~~t~ of nin~ p~r centum per annum; u+d all aaid coit~. chargq ~nd expenaes incv~red w paid, together with suth internl, ~Iwll b~ s~cured by tM li~n of tha
'nort~~•
0. That in the ~wnt of ~ny bre+ch of this AAatg~pe or defavlt on the psrt of the MORTGAGOR, w(b) in tFw ~vent any of said swns of moeny
Mr~ln nfKr~d to be not prpnptly and f~lly paid within thirty (30) dsys next after the same sev~rally becoms due ~nd payabte, wilhout dtrt?~nd o? notic~,
or (cJ In tM ~wnf tach and ewry the stipvlatian, ayrecment~, cond;tions a+u! covenants of aa~d promissory note a~,d th~~ mortpa~e ~ny p ~ither u~ nol
iuly. promptly ~nd fully pKform~d, diuMrged. execvted. sffected, mmpleted. compl~ed with and ~b~ded by. then in eitF?er or any such ~wnt tM s+id +p~
prpatr sum m~ntion~t! in aid promiuory npte then remaining u~paid, with interest acuved. and all moneys tecured. hereby. thal! betwne dw and pay-
abl~ forthwitFy or tl+Ktah~r, at 1he option of said MORTGAGEE, as fully and comple~ely ai if all of the wid suena of mooey were orpindly ~tipulated
to be paid an suth day. ~ny~hirp in said promiswry oote w in this Mortgage to the contnry notwithstand~ny; and thereupon w thereafter at tM opt~on of
~~id MORTGACsEE. without notic~ p dem~nd, svit at law or In equity, the+efore or thereafter bequn, may b~ prosecuted u if all a+aays sscund Mnby
had matutld pior fo iri institution, f
7. TMt in th~ ~vent tMt at the beyiru?in9 of or at ~ny time pend;np any wit upon this Mortg~ye, p to fonclos~ N, o~ to ?efwm IL or to enforc~
v~Y^K^~ af ~~Y ~~und~r. said MOR7GAGEE ~Ml1 apply to the Coun having jur~sd;ction thereot fw th~ sppo;ntment of a Receiver, sud+ Caat shall
fwthwhh ~pppint ~ nceiw~ of sai~! mortps~ed property ap and singula?, includmg all a~d singular ~he ;ncome, p~ofits, iuws and rewe~es fran what~wr
wurp dtriv~d. each ~nd ~wry o# which, it beinp expressly understood. is hereby mw~gaged ai if tpecifically set fwth and dewibed ln the pranrinQ 1nd
hab~ndum cl~~se~ her~of, and svch Receivtr shsll have ~II the broad and efiecrive funct~ons arxl powers in anywise entrusted by a Co~h tp a Reuiver, ~nd
tuch ~ppoi~trtKnt ~hall bt m~de by s~ch Court ~s an admitted equity and a er~tter of sbsolute rgM to said MORTGAGEE, ~~d wi~hout referenc~ to tl+~
+d~W++cY or iesd~qvacy of th~ wlve ot the property mwtgsged or fo the sohrency or insolvency of said MORTGAGOR or the defendann, and that such
nntt, profits, incoms, is~ws ~nd revenues sh~ll b~ app~ied by fUt~l RKHVCf according to the lien or equity of aid MORTGAGEE ~nd the practiu of such
COYf1.
8. To dufy, promptty ~nd fully p~rfarm, discharye, execute, effect, complete, comply wilh snd abids by Nch and we?y ths stipul~tans, ayre~m~nn,
conditbns u~d coven~MS in taid promiuory note and ~his mw~gage set fath. •
9. 71wt in tM ewnt the own~rship of the mortgaged prem~ses, w ariy part thereof, txcomes vested in • perwn other than tl+e MORTGAGOR, th~
MORTGAGEE, its wcp~sors ~nd ~ui~ns, may, without ~otice to the MORiGAOR, deal with such tvccassor or pxcnaer in inte~esf witl~ r~fei~nts to fhls
nwrtysp~ and tlw debt ha~eby secured in tF~e ssme mannet as with Mortgagw withoW in eny way vitiating w diuhar~ing the Mortya~pn' li~bility h~~~
under or upon tM debt here6y secvred. No sele of the premius hereby mortgaged and no fwbearanta .x~ the part of ~he MORTGAGEE or itt sutwsson
or asstpns u~d no extension of the time iw the p~yment of the deb~ heroby secured given by the MORTGAGEE or its succeswrs w asti9ns, shall op~r~t~
ro nlesse, discMrp~, modify cha~g~ or affect the original liab~liry of the FM1ORTGAGOR herein, either in whole or in part•
i0. It k apecifically spreed th~t time is of the essence of this contrsct and ~hat no waiver of any obliqation hereunder or of the oblipation ss-
a?r~d hKeby ahall at any time thereafter be held to be a waiver of tF~e terms hereoi w of the iru~rument ~ecured hsrby.
11. In addition to the forego:ng monthly paymems of princ'pal and interest required by the p~omisso?y note secured hereby, mortgagor coven~nri
and ~raes to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annusl cost of ths follow-
iny:
A-All ~ea! propeity taxes (evied a assessed against tF~c above desvibed real estate.
B-Premiums on fire and windstorm insurance as he~ein requ~?ed to be carried on the improveme~ts situate on the ~bove desuibed promisss,
C-Premiums on such mortgsge ~uaranty insurance as mortgagee shall from t~me to time deem fit to csrry on the losn secured hereby.
Mort9agee ih~ll fran time to time notify mortgagor in writing of the amount due and payabte hereunder and such sum shall ther~upon be dve and
payaWe on the due date of the next monthly payment and each successive mo~th thereafter ur,til mortgagee shall notify mortgagor of a change in such
amount. Such sums sh~l) be spplied by mortgagee toward the payment of real property taxes, insurance premEums, and mortgage guaranfy insurance
p~emium~.
f~ IN WITNE55 WHEREOF, tlu s+id MORTGAGOR has hereunto set his hand and seal the day and yesr fint aforesaid.
Sipn~d. I~d ~nd d~liv ed i tM presenca of: ~ ~ -
R
.
•h
~
. ~Seaq
~ ATE OF RORIDA .
cour~r~r oF S t. Luc ie
Befas me pu~lly ~pp~sred P a rrie le e Ke i t t. e wi dow
E i.abeth K. BY`OaCey ~ 8 Sd~C~OM 7COC_~aC to me well koown and known to me to bt
the individwls dewibed in ~nd who executed the foregary instrumeot, and acknowledged befwe me that t?~ey execufed fF~e same for the purposes
rherein ~xpres~ed. ]~Z~X ~
XaQb761[~a[iaz ~
r
X
1MlTNESS mY h+nd and officiel sssl tl~i day of October A. D. 19 6~
Nwary
PubliC i~ snd for the Stste of florida at lupe
Rftwn Ta. ~Mr Commiuan e:pires:
Fint F~ral Saviegs d~ losn Assoeiation : • _ . . l
~•~y, SWt! ~idi at Vrq!
or fo.~ PK.«. ~'...••~~J~~ ~ M~ Coa~wissa~ E~ires Sept. 23, f969
.
fwt Pierce. Flwida • -:•'~~3.- b wwirw Fin a Gwaly G~
~~EO nNO RECOaoEO = .
F ~
ST. LUCIE COUNTY. FLA• = C: : ;
r VERIF1ED ' ' v ~ r~ : `
~ R..COR[~ : ~ ; ~ J . .
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149~'73 - • Q • . .
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'6~ OCT 25 PM 3: Z6 '''~j~., ~
~ CLERK CIRCUIT COURT _ BOOK~S~ PAGE 455
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