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To plx~ and continuously ke~p on tM buitdi~ys novv w hsre~ft~~ 4twt~ on said land snd on ~II equipmeM ~nd p~no~+lly cov~nd by this enat¢
afls, with ail (x~+niw~q ther~a? p~id in full, fir~ insvrance in tht uswl standard policy fam, in a tum app~owd by ths MORTGAGEE. and wir+dstorm
tnsur~nc~ ie th~ utwl s~+ndud policy fwm, in • sum approved by ~Fw MORTGAGEE, in s~+ch comp+ny o~ tanp+nles a th~ MORTGAGEE msy
directj and ~11 fin and winditorm insw~e+c~ policies on any oi siid buitdinps. ~ny interett thtrein or put tMteo(, in tl?~ ap~~ey+t~ wm afores+id or
In ~xcess therwf, thall cont~in tM usu+l standard ma~gaga~ claua~ a tuch other cla~w u tM Mort9sgee may ~pvi~~, makinp tM bu unde~ w~d po~E
cies, each and ~very. p+Yabl~ b~akl MORTGAGEE +s its intrest may ~ppsa~. and e+ch and evc?y such policy ihall b~ promptly ~ss:qned and dslivered to
•ny Mld by said MORTGAGEE ~s furtMr seturity to said mortgaya debt, s~+d, no1 leu ~Mn ten (10) days in advanc~ of th~ expir+tion of ~ach ~ality. ro dr
Icve~ to said MORTGAGEE • renew~l th~reof, topeth~r wi~h a receipt fw the premium of iuch re„ewa1; and thcn sh+ll be no f~re or wind~tam inw~anc~
plsced on any of s~id buiWinps, a~y intertst there~n or p+rt the~eof, unleu in the form ~nd with Ihe lou p+yabl~ as •tores~id; ~nd in tM ~vent any tum
of mon~y b~canes payablt vnder such policy or policies said MORTGAGEE shall have the option ro reccive a~d ~pp~y 1M same a? +cca+_M of tha indsbted-
nets swred ifatby p 1o pe~mi~ s~id NIORTGAGORS to reteiw and us~ i1 or any part thereol iw otF+c~ purposes, without ther~b~ waiving a unpa~~-
~r+9 sny puiry, li~n or ri~ht ue~~ o~ by virtw of this mortgaye; and i~ fF?s event said MORTGAGORS shall fw any reason fail to keep the said premisa so
iniured, ot fail to deliva promptly ~ny of said polities of insurancs to ssid MORTGAGEE. w fail p?omptly to p~y fully any premi~m tFxrefor or in any
re~pect fail w pKforM, diuhuqe, ex~cvte, effed, complete, comply with ~nd abids by tha covenanL o~ ~ny psrt hereof. said MORTGAGEE may pl~ce ~nd
pay for such i~au~ante w u?y p~N tl~eof without waiving or affedinp ~y option, lien, equity. w righr ~nder o~ by virtw of thii Monp~pe, and the
fuil amovnt of each and ~wry wch p~Yment sh+ll bs immed'utely dw and pay+bl~ and shall bear interest from t!w data thereof until paid at ti+~ rat~ ol
n~ne pK cx?tum pe~ annum ~nd together with such interest shall be secvred by ths lien of this mut9age.
4. To p~rmit, commit a wffer no w+s1t, Gnpairment a deterioraYan of said property o? any psA thereof.
S. To pay ~U ~nd ~i~gvlar tM coats, charpes +nd expenscs, includirg s~easonable ~nomey's fee snd wst: of abstracq of title, incurred o~ paid st
any timt by s~id MORTGAGEE, bKause or i~ th~ wMt of the fsilure on 1he part of the said MORTGAGOR to duly, promptly snd fully paform, d~~thar~R
•xccut~, ~ffsd, compkte, cornply with and ~b~de by esch and every the stipulatwns, agrcements, cond~tions, and cownann of said promissory note +nd ~hii :
mortpape ~ny w ei~hc~. and ~aid costs, chuyes and expenscs, eath and every, ihall be immed~ately due and p~y~ble: wMther or not there be ~at~ce ds~ !
mand, ~ttempt to colkct w wit pMdingt +nd the full amovnt of aach snd rvery such payment ~hatl bear interest from the date thereof until p~id at the
rare of nirK per centum per a~wwm; and all said oosts, charget ~nd cxpe~set incurred or p~id, togelF?er with such interesf, shall b~ secured by tM lien of thu
mortpy~.
6. i1Nt (a) in the ewnf of any breach of fha Mwtgage m daf~ull on tM part of the MORTGAGOR, w(b) in ttie svent ~ny of satd svms of mon~y
henfn ref~rr~d to bs not prompNy and f~lly psid within thirty (30) dsys nex~ after the same severally become due and p+yable, without demand w notite.
or (c) In the ~wnt each and ~very the stipulatiaa, sqreemenn, conditions and covensnn of iald promissory note and th3a mortyage a~y w either are not
iuly, promptly and fuily performed, diuMrged, executed, effected, complcted, compGed with and sb~ded 5y, tha+ in e~ther or any s~ch event tt~e ~aid a~
pregate wm mtMan~d in said promiuwy oote then remaining unpaid, with imerest acuued. and atl moneys xcurad fie?eby, thall betome dw and p+y-
abls fwt~with, a thersaft~?, at th~ option of iaid MORTGAGEE, ~s fu11y and complsfely as if ail of tF+e said sunr of money were wigi~ally stiputated (
ro be paid oe~ such day. ~nythiny in ssid promiuory note w in this Mortgage to the comrsry notwithstsndinp: and thereupon w thereafter ~t tM option of ~
s~id MORTGAGEE, without notic~ w demand, wit at law w in aquity, therefwe or thereaiter begun, msy b~ prosecuted as if sll moneys satured her~by
had matwtd prior fo iri iMtitution.
7. TMI M tM event that ~t tM be9innirg of or at any tirrk pendiny any suit upon this Mortgsge, w to foreclos~ it, or to reform it, or to enfo~u
psyment of any daims hereundar, said MORTGAGEE shall apply to the Coun having jurisdiction the~eof for the appointmenl of a Receiver, wch Court sMll
Forthwith ~ppoint s nceiv~r of sai~ morty~ged property all and singula~, includ~ng all and si~gular the iocome, p?ofits, issuss a~d revenues from whatever
wurce dsrived, e~ch and ewry o# whKh, it beir?p ~xpressly ~nderstood, is hereby mor~ga9ed u if spec~tically set iwth ~nd dewibed in the yrantiny snd
habendum clauus hereof, ~nd wch Receiwr shall have all the broad and efiective functions and powers in anywise entrusted by a Court fp a Receiver, and
~uch appointment sMll be made by wch Court u sn admitted equity and a matte~ of absolute right to said MORTGAGEE, ~nd without referenct to th~
adequacy w in~dpuacy of the value of the property mwtgaged or to the so~ve~cy a insolverxy of said MORTGACaOR w the defendants, snd that such
renrs, profib, incoms, iss~es and raveiwes ~hall be applied by such Rece~ver KCOt(Iifi9 t0 1I~! IiM Of equiry of said MORTGAGEE and the practiu ot such
Court.
8. To duly; ~Pty s~,d ~iy Pe.form, diuharge, execute, effect, complete, comply w~th and abide by esch and every ths stipulations, agrtements, '
conditions and coven~nts in ~aid promissory note snd fhis mortgage sel fath. " i
9. That in tM event the ownership of the mortgaged premius, w any part thereof, becomes vested in ~ person other fha~ the MORTGAGOR, fM ~
M,ORTGAGEE, iri wtoeswrs and suiyns, may, without notice to the MORTGAOR, deal with such succeuor w M+tuswr in interest with reference to this ~
morry~ge ~~d the debt hereby secured in tha ssme manner as with Mortgagor without in eny way vitiatu~y or distAarying tl~e Mortpagon' li~bility here-
under or ~pon tM debt he?eby ucured. No sale of the premises hereby mortgaged end no fwbeara~+ce on tF+e paA of tl+~ MORTGAGEE or ita wccessors ~
or assi~ns and no extee~sion of the time for the paymem of the debt hereby setu.ed given by the MORTGAGEE or in successon or assigns, shall opetat~ d
ro retease, discharye, ~nodify thange w affett the originsl liability of the MORTGAGOR herein, either in whole or in ps~t. ~
10. It b specific~lly agreed that time is of the esscnce of this contract and th~t no waiver of any obliy+Yron herevnder or of ths oblipation se- ~
cured her~by shall at any time there~fle? be held to :x a wairer of the terms hereof a of the instrument secu~ed herby.
11. In addition to the fwego:ng monthly paymenls of princ'pal and interest required by the p?omissory note iecured hereby, mortgagor oovtnanri ~
and egrees to pay to mortgagee with esch monthly payment an additio~al sum estimated by mortgagce to be equal to 1/12 of the annual cost of the follow- i
Eng: ' °
A-All real properfy tsxes kvied w assessed agai~st the above deuribed real esbte. j
B-Premiums on fire and wind~torm ir+surance as here7n requ~red fo be carried on the improveme~ts situate on the sbove desu~bed premises. `
C-Premiums on such mortgsge gwranty insv~ance aa mortgagee shall from t~me to time deem fit to ca?ry on the loan secured hereby.
~ Mwtgagee shall from time to time notify mortgagor i~ writiog of the amount due and paysWe hereunder and such sum shall thereupon be due and
~ Fayable on the due date of the next monthly payment and each successive monlh thereafter ur.til mortgagee shall notify mortgagor of a chsnge in such i
a^~ount_ Suth sums shs~l be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranfy inwnnce
premiumt. -
IN IT IE E tM said JNORT6AGOR hss hereunto set his hand and sesl the day and year first afuesaid.
n, d I'rver in tM preience of: ~
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SiATE OF FLORIDA ~
coun?n of S t. Luc ie ~
Befwe me person+lly sppeared LorLn i e S tl1bU a e~
Daisy I,Be Stubbs his wife, to me well known and known to me to be
rhe individwb destribed ie and who exetuted the fwegoing instrurt~ent, and atkrawledged befwe me that thay exetuted the ssme fw the purposes
~h~,~;n expres,ed, Md th~ ,,:d Dai sv Le e S tubb s
.~Ife of tF» said Lonnie Stubbs vPon s separate and priv~+s
~
~ exam~nata~ by me taken separate and apart from her said husband, atknowledged ro and befwe me that she executed said instrument freely and volun-
tarily ~nd withart ~ny compvtian, constraint, apprehensio or fear of w from her wid h~sband.
~ WITNE55 my hand and official seal thi dsy of A. D. 19f1~
r.
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Notary P ic in ~nd fo? the State of Florida at lar~e
~ My iuion e~cpira:
Return Ta
Firat Fedaal Ssvirgs b lo.n Aswc~aran ~ Natary Public, gtt~W o~ FIOr~dB at l~~'Ba .
Of Fort PKrce EO +1~!''' • ".1y Co:r.mss.on cxp.r~s ~ug. 5, 1967,
. ~onde~ ~y kmencan Surety Go- of h. Y.
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