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9. To pi~u ~nd oontinuovily kt~p on th~ buildinps now a M?eafter sitwte oe~ s~id land ~nd on ~fl cquipm~nt ~nd psnonally covaed by thi~ mon~
with all pnmiw~ thereo~ paid in full, firo int~r~nct in tf?~ uswl iundard polity fam. i~ • ium approwd by tM MORfGAGEE, ~nd wlrxlstam
Luwanc~ 1n tM viw! it~ndud pol~cy fam. in • tum ap{xoved by ~M MORTGAGEE, in iuch comp~ny or comp~ni~s as tM MORTGAGEE may
dinclj ~e?d all tk~ u?d wi~torm insurar?c~ policics on ~y of said bvild~nps, ~ny inter~st therein w p~n thereof, in tf» apyrey,~~~ svm duswid a
in utpss tMrwi, thait coniain tM uswl sbndud mor~gage~ davs~ a ivch othsr claus~ u!hs Mortpagee msy requ'u~. makinp ~hs loss unda said poli~
ci~s. ~ath u+d ~very, paY~bh to s~id MORTGAGEE ~s ~n inte~eit maY +pp~ar, ~„d eaih and eve~y such policy ihall b~ promptly ~~s:sned and delivered to
any h~Id by s~id MORTGAGEE as fwtl?s~ secv~ity to said mat9sgs dabt, u+d, nof les~ than t~n (i4) days In advancs of the expi~ation of aach poliq, to d?
liw? tp s~id MpRTGAGEE a?~new~l thereof, topet!?K with • nceipt fa tM premium oi such ~enewal; and the~e shall b~ no fcre w windstwm inturanc~
P~aud on ~ny of said buildinps, any interest therein p part thereof, unless in 1he form and with 1M loss p~y~bl~ ~s afaesaid; and ie~ tM ~vtnt any wm
of ^a^sY b«'~+~+ WY+~ ~d+r such polity a police~s said MORTGAGEE ihall haw the opt~on to receive and apply ths ssme on accan~ of tM indabtec~
~eft Hcur~d hK~r a b pHmit said MORTGAGORS ro reoeiv~ and ust it or any part therrof for other purposes, wi~hout ~he~eb~ waivi~g or ~mpair-
irq any eqvity. IiM or right under or by v(rtw of this mort~ape; u+d in tM eve~+t wid MORiGAGpRS shaN fo~ any reawn fail ro keep ths said premi~es so
insu?ed, o? isil b d~liva promptly a~y of ssid polit'~ of iniurancs to said MORTGAGEE, a fsil promptly to pay fvlly any premium therefor or in ~ny
n~p~et f~il to pNform, dischuye, execut~, ~ffett, complet~, comply with u+d abide by this covenant, or any part her~of, said MORTGACsEE msy place and
paY for tucb imururc~ a any p~?t tA~reof without waivinp or ~ffecti~g sny option, li~n, equity, w~ight unde~ or by virtw of this Mortyaye. ~nd the
fvll ~mo~nt of ~ach a~d ~v~ry w~h payment shall be irnenediately dw and payable ~od shall besr inte~est from th~ dite thereof until paid ~t tfit rate ot
nin~ pK pntum pK anrwm ~nd together with wch interest shalt be secvred by tM lien of thii mwt~aye.
To p~rmit, oamut or suffer no waste, impai~menr a deteriorat;on of said property or any part thereof.
S. To pay all snd sh~yula ths cwts, charges aod expenses, includ;ng a reasonable attaney i fee and costs of abstracts of tide, incu?red w paid at
~ny tune by aid MORTGAGEE, becavse w in the event of the failure on the pan of the said MORTGAGOR ro duly, promptly and fu~ly perfwm, dischary~,
•xecut~, ~tfect, compl~t~, comply w;th ~~d eb~de by each and every the stipulations, ag~eemenrs, condi~ions, and covenann of sa~d prom;ssory note and tha
mor?q+q~ any a eithe?, and said cost~,, cF~s~yea u,d expenxs. each and evNy, shall be immed~ately due aod p~yable: whether a rat there be r.otice da
mar~d, attempt to collect or wit pend~rg~ and t:v full amounl of each and every such payment shatl bear inte~es~ from ths date thereof until psid at tht
~ate of nin~ per centum per ~nnum; and all said costs, chs~ges snd expenus incvrred or paid, together with tuth intaNt, shall be s~cund by the lian of thq
"artp+D~•
6. 7Mt in the event of any breach of this MortgaQe a default on the psrt of tix MORTGAGOR, or (b) in the ~vent ~ny of said surr~ of mor~ey
henfn raf~n~d to bs not prcwnptly ~nd fvlly paid within thirty (3p) days ~exl afte~ the same seve~ally become due and payable, wi~hout demsnd o? noi~u,
w W In th~ ~wnt ~ach and ewry the stipulations, ~g~eemems, condifions snd coven~nts of sa~d promiuory ~ots and th~s mortgase ~ny or either are nol
iu~y. prompNy snd fully performed, d~scharged, execured. effected. compltted, complied with and abided Sy, tF~n in either ot aoy tuch event tF?~ said aQ
prp+t~ sum mN?tiawd in uid promissory note then remaining unpaid, with iroerest ~cuued, and all moneys secwed. he~eby. sMll become dw snd pap
abl~ forthwitly o~ tMresfter, ~t the option of said INORTGAGEE, ss fvlly ~nd completety as ii ~II of the said wms of money were aipFnally itipulatsd
to b~ paid on wch dsy, anytA~rg y~ sa;d prom;uory rate w in this Mortgage to the contrary notwithstandiny; and thereuppn w thereafter at tM op~ion of
t~td MORTGAf3EE, without notic~ or demand, wit at !aw w dn equity, therefo~e w rhereafra begun, may be prwecuted u if all moneys setured hsreby
Md matvr~d pripr to ib inttitution.
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7. Th~t in th~ sven! th~t ~t the beyinnirg of w ~t sny time pending any suit upon this Mortgsge, or ro foreclos~ it, o? ro rofam it, or fo enfora
paymer?t of any d~ims herevnder, ~aid MORTGAGEE shall apply to the Coun having jurisd~ction thereof for the appointment of a Receiver, such Co~r1 shall
forthwhh ~pppint ~ noeiver aF sa' mortgaged prppeny all and sinqular, inctexJ.nq a!1 and s;ngular the incorns, profits issues and revenues from whatev~r
wurq derived, eac!? ~ed ~wry o~which, it bcirg expre:sly understood, is hereby mortgaged as if spec~fically set fath and desuibed In the yrantiny and
hsb~ndum tlauisa hereof, and toch Receiwr shall have all the broad and effedive funct~ons and powers in ~nywise entrusted by a Covrf tp a Rettiver, and
~uch appointment shall b~ made by such Court as an admitted cq~ity a~d s mattcr of absdute right to said MORTGAGEE, and without refe~enc~ to tM
~dpuscy o? inadeq~acy of tF+e value of the property rnortgaged or to the solvency or insolvency of said MORTGAGOR a the defenda~ts, and that such
?enn, profits, income, iuves and ?evenves aha11 be applied by such Reccire~ according ro tha lien or equity of s~id MORT6AGEE and the practiu~ of such
Court.
8. To duly, prornptty and fully perform, dixha~ge, execute, effect, complete, compty v~rith and abhk by each ~ad every the stipul~tions, agreement~,
condita~u snd covenann in said promissory nore and rhis morrgage sor fwrh. ~ ,
9. That in tM ~vent the ownenhip of the mortgaged prerruses, p sny psrt thereof, becomes vested in a person other than the MORTGAGOR, tF~ y
MORTGAGEE, its t~ccesson and suigns, may, without ratice to the MORTGAOR, deal with such successor p wccessor in interesf with reference to this
rt+o?tpape and the debt hereby set~red in the same manner aa with Mortgagw withovt in ~ny wey vitiating or diuharging the Mwt~syo~s' liability her?
under pr upq~ iM debt hereby secured. Np tale of the Fremisea hereby mwtgaged and oo forbearance on ihe part of tM MORTGAGEE w ita succesaors
or ~uipns snd no extension of the time for the paymem of the debt hereby secured given by the MORTGAGEE or its successors w ~ssigns, ahall operate
to release, distlurpe, modify chsnge a affect the wiginal liab:~ity of 1he MORTGAGOR herein, eitFxr in whole o? in pan.
1Q It is specificslly agreed that time is of the easence of this contract and thst no waiver of any obligation hcreunder w of fhs oblipaYqn se- }
cur~d hp~by shall at any time tlxreafter be held to be a waiver of the terms hereof a of the Instrument securad herby.
11. (n addiYwn to the fwego:ng monthly payments of princ pal and interest required by the promiswrr nore securn/ hereby, morrgegor cownants '
and ayrees to pay to mortg~gee with each monthly payment an add~iionsl sum e:timated by mortgagee to be equal to 1/ 12 of the annual cost of the follow-
ing:
A-All real prope?ty taxes kvied o? assessed agai~st the above descrihed real estate.
B-Premiums on fire end windstorm insVrartce as herein requ~red to be car~ird on the improveme~rs s;tuate on the above described prem;ses,
C-Premiumi on suth mortgage gua~anfy insurar~ce as mortgagee shall from time to time deem fit to carty on ths Ipan tecurcd hereby.
Mortg~gee shall from time to time notify mortgagor in writirsg of the amounf due and payable hereunder and such sum shall therevpon be due and
payable on the dve date of the next mo~thly payment and each successive month thereafrer ur.til mortqagee shall notity mwtgago~ of a change in such
amount. Such svms shsll be applied by mortgagee towsrd the payment of real propeny ta:es, insurance prem:ums, and mortgage gusra~ty insunnce
premiums.
tN WI R F said MO GA R has hereuneo set his hand and seal the day and year fiist afaesaid.
e vered in pr of:
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ar enF o. o n
n
~Witness n a oun n
~ ~ ~ ~ ;
t
STATE OF FLORIDA ~
COUN7Y Oi t_ Lll A
eefo.e me penonauy ap~ea.ed _ Warren Rl Ovd YpLb¢ and
T iri(j9 ~ VOllTlg _ his wife, to me well known and known to me to bs
the individwb described i~ and wFw executed the foregoirg instrument, and sck~owledged before me that they executed the same for the pu?poses
tFurein ~xptested. Md tht Linda H YOilI1Q -
wif~ of th~ ..;a Warren Flo~d Young - a upa~ste and private
exuninaYan by ms taken sepir~te ~nd apart from her ssid hvsband, scknow{edged ro and before me that she exetuted said initrument freely and voluo- ~
tarily ~nd w;thout ~ny compuliwn, constraint, appre , or fear of w from her wid husbsnd.
WRNESS my hsnd and official seal th' day of Febru A. D. 19~
NOTARY PUlLIC. STATE of FtORtDA ~t LARGE
MY ~OMM~SSION IXPIRES AUCa. Z4, 1970 ~ ' '
BONDED THROUGN FRE~ W. DIEfTTcLHOR3T Nofary Pub~ic ~n art fhe State oi ide at Larpe ~
Return Ta MY ~m~ss~on expires: ~
Rrst fed...~ s~~irg, a Loan /w«~f~«,
- Of f0~t Pierce.
;'`~~ts~t
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~~1Krc~, Florida
G;.4~"•~~0~''~.,~ ~ FILED AND RECORO~D
: - ~ ST. lUC1E COUNTY. FL ,
. : ~OTARy ~ ~~ce~~o vERiFiEO
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