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S. To plat~ ~nd continuou~ly kNp on tM buildin~s now w I+tre~fttr situ~tt on sa~d land and on ~II equipmeM and p~rwnally covK~d by thi~ mo?q~
~pe, with all p?~miuM thsreon pa~d in full, fin insurana in the utwl stsndard policy form, ~n ~ sum ~pprowd by tM MORTGAGEE. and wt~xbtorm
inwraac~ M tM uswl ~tu~dud policy fam, in a sum ~pprov~d by t!w MORTGAGEE, ie wch comp+nY a ca^P+^ies +s ?1» MOR~GAGEE n++y
du~dt and ~II f'u~ and wi~dstwm inwranc~ polici~s on any of said bvi~dinps. any lnt~rat tMrsin o~ part therwf, ln tM ay~rey~q sum daesafd a
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M~:uss tl+K~of. ah+ll contain ~M wwl stu~dud marpay~ clause w such otMr ct~us~ ~s th~ Mortyp~+ may nquir~. m~AGp tM bss unda said po1F ~
Na. ~ach and ~wry. P+Y~bt~ w said MORTGAGEE as ib (e+te?est may ~ppN~. and ~ach u~d ~vaY such Pclicy sMll b~ p~anp~fy u+:yned ~+d d.livaed ro
any M1d by s+id MORTGAGEE a fuNMr s~curity to s+id mortp~ dsbt, snd, not I~ss ~I+~n ~e++ (10) d+Ys in ~dvanc~ of tM exptr~tan of ~ach policy, w dr
liva~ ro s+id MORTGAGEE a r~newal therwf, to~et!?K with ~ recapt fw tM premium of wch rsnewals and tMn sMll b~ ~o fin w windstorm inwr~nc~ ~
plapd on snr of said buildi~qs, ~ey i~ter~st ther~in or part tFwrwf, ue+leu in tM fo.ni and with tl» bss p~Ysbi~ u~fonsaidt +~+d i~+ th~ ~wnt ~ny sum
of ~aMy becomas p+Yabls wwJK wch policy w polici~s said MORTGAGEE sh~ll Mw tM option to receiw ~nd ~pply th~ s+m~ a+ ~ccoun~ 01 th~ ind~btad~
n~as secw~d hK~by or w pirmlt s+id MORTGAGORS ro receivs ~nd ~m it a any pa~~ ~hereoi /w other purposes, wi~houf the.eb~ waivi~y w impair-
inp ae~y pvity, li~ei or rgh~ unda~ or by virtw of this morty+9ts W+d in tM ~vent wid MORTGAGORS sMll for ~ny r~ason f~il to ke~p tM s~id pnmises so
Inwred. o? fail W delivK pranptly ~ny of said polities of insunnte to s~id MORTGAGEE. w fail promptly to pay fully any premiwn thetefor p in ~ny
nsp~ct bil to paFocm, dischxge, e:~cuts, ~ifect, complN~. comply with ~nd ~bid~ by this covanaN, a ~ny part h~reof, said MORTGAGEE m~y pl~ce a~d ~
paY fa wch insurar~ w ~ny p+.t thereof wi~hout w~hinq or affectinp ~ny option, tien, equity. a rigM ~ or by virtw of t!?is Mor~y+p~, and the
full ~mount of tach ~nd ~wry sud+ Paymsnt sh+ll b~ immediattly dw and p~ysbl~ snd shall bear intera~ f~om tM dat~ thereof until paid at th~ rat~ of ;
nirw pa cenlvm pa annum and toye~her with such interest shatl be tec~red by the lien of this mort~ape.
1. To pKmit, commit Or t~fft? n0 wuN, knp~irn~ent w deteriorsYan of s~id property or ~ny put thxwf.
5. To piy all and ~inp~Iu th~.cosb, ch+rqss ~nd exp~nses, inctudinp a reason~ble ~»wney's fee s~+d costs of ~bstnNs of titl~, incvned a paid ~t
~ny time by iaid MORTGAGEE. baavs! a in the ~vent of the failur~ on the pa?t of tM said N10RTGAGOR ro duly, promp~ly snd fully pe?fwm, disch~rg~,
ex~cute. ~ffect, complst~, ca~ly wtth and abid~ by esd+ and every tM sY~pulsrions, ~yreemenn. condi~ions, u+d aown~nts of said promiuory not~ and this
mort9aye ~r a ei~he~. snd ~id costs, charpes ~nd eapernes, e+ch and wery. sMll be immediatcly due and psy~bk; whethe~ a not then be notics ds
mu~d, ~mmpt to colkct w wit p~r.fi~: snd the full amount of sach snd eve~y wch payment shsll bsa. interes~ from t!~ date thereof until paid a~ the
rate of nin~ p~r tentum per a+u~um; snd alt said cbsts, th+rpes and expenses i~curred or p+id, togetha? with suth intKat, ~h+ll b~ a~twed by tM lien of thit
e, ih~t ja) in tM event of ~ny bresch of this Mortyay~ w defauh on tlx part of ths MORTGAGOR, a(b) in th~ event any of~ s~id sums of morwy
he?ein r~ftrred to be not promptly snd fvily paid within thirty (30) days neat afte~ the ssme uverally becorre due +~d payabb, without dem+nd w notite,
or in the ~ver~t e~ch ~nd wery the stipulatioea, agreemenn. conditiau and coven~on of said p.omissory note and th~s mortpa~e +ny oc ~ither ar~ no1
~u1y, promptly and fully ptrfamed, d~scharped, executed, ~ffected, compkted, compl~ed with ~nd abided by, then in eitMer w any svch ~wnt tM said ap~ j
pre~N wm m~ntar?~d in said promissory note theo remainirg unp~id, with ime~est scuued, and all moneys setured F+ereby, sMll berane dw +nd p+p
abl~ foathwith, a the{eaher, ~t the option of taid MORTGAGEE, as fully and completely +s if ~II of the ssid wms of ewney wer~ ori~ir?ally stipulated
ro be paid on sucA day, snythin~ in ssid pramissory ~ote or in this Mortg~ge to ihe contr~ry notwithsanding; and Iherwpa+ or tF+ereaha at tht option of
said MORTGAGEE, without notic~ o~ dem~od, svit st law w in equity, thcrefore or the?eafter begun, may be prwecuted as if ~II moe~tys sewr~d hereby
hsd marured pnor to ib institution. -
7. TAat in tM event that at the beginni~g of w ~t any time per+ding soy suit vpon this Matga~e, or to fweclose h, or to rofwm it, or to a+foru
paymQnt of ~ny claims he+eunder, s+id MORTGAGEE shall spply ro the Court having jurisdiction thtreof for the ~ppantmant of • Receirer, such Court shall
Fo?tAwith apFwint a receiver of uid mort9aged p?operty sll ~nd sirgular, ir?clud~ng all and singuls~ the income. prolits. issues and revenues from wF?dever
p qi
wwce darived, each and every of which, it beinp expressly unde?stood, is hcreby mw~gsged +a if speGfically set fwth and desuibed in the prantirg and
Mbendum clauses hereof, and such Receiva shsll hsve all the b~oad a~d effective f~nct~ons and powe~s in ~nywise entrutted by a Cou~t fo ~ Receiver, ~nd
such ~ppointment shall be made by wch Coun as an admitted equity and a m+ner of absolute right to said MORTGAGEE, ~nd without r4(ererxe ro the
adequacy a inadequ~cy of the valve of the property matg~Qed w to the whrency or insolvency of uid lNORTGAGOR or rhe defer~dann, and tMt s~ch
rems, profits, income, iuues and revenues shall be applied by s~ch Receiver accordire9 to the lien w equity of s+id MORTGAGEE and the prattice of luch
Court.
8. To duly, p.omprly and fvly perform, discha.ye, execute, effect, complete, comply with and abide by each eod every the stipulatior?w, agree:nenb,
condit'wru ~nd covenants ~n said promissory note u+d ihis mortgsge set forth.
9. ihat in tM eve~t the oMroership of the mortgsyed prcmises, w any part thereof, becomes vested in a penon othe~ than the MORTGAGOR, t1+~
lNORTGAGEE, its wccessws and ~uigns, en~y, wi~l~o~~ notice to ~he MORTGAOR, deal with auch succeaaor or succe»or in interest wi~h reterence to this ~
mo.t9~ye ~nd ?he deb~ hereby secured in the same manner u with Mortgspor without in any way vitiatiog p dixharging the Mwtgsgws' liability hsro-
unda a upon the debt hereby secured_ No iale of the Fremixa hereby mortgaged ~nd no forbearante on tM p~rt of ths MORTGAGEE a its successon
w auigns and no eatension oF ihe rime for the payment of the aeb~ hereby sccured given by the MORTGAGEE w its succeswn w auiyns, shall operats
~o releue, diad?ary~, modify change w ~ffect the wig7nal liabitity of the N10RTGAGOR herein, either in whde w in psrt.
10. It is spedfically agrerd that time is of the eascnce of fhis contr~ct and that no waiver of any obligation hereunder or of the oblgation sa
c~,red hereby shall ~t any time thereafter be held to be a waiver oE the terms hereof a of the instrumenf secu?ed herby.
11. In additio~ to the forcgo:ng monthly ~paymcnts of prirK pDl and interest required by the promissory note setured hereby, mortgagw tovenanis
and agress to p~y to mortgagee with esch mwuhly payment an addirionsl sum est~mated by mortgsgee to be equal to 1/12 of tfie annual cosf of the follow-
ing:
A-All real prope?ty taxes levied or assessed agai~st the above deuribed real estate.
8-Premiums on fire and windstorm ins~rance as herein requ~red to be wrried on the improvemenri situate o+~ the above describ~l,pr
~'w4~;,;, - :
C-Premivms on such mwtgage gua?anty inwnr.ce as mwtgagee shsll from t~me to time deem fit to carry on the loan set
'~F~~y~(!~
Mortgagce shall from t+me to time notify mortgagor in writing of the amount dve and payable hereunde~ and sucl+ wrr~~a~~pow.~~lue'~nd
~ pay~bl~ on the due date of the next monthly payment and each auccessive mo~th thereafter vntil mortgagee shaU not?fY~rn~ qr;~i1 _ m.Wth
~t•. -
~ amount. Such sums slcafl be applied by mortgagee toward the payment of rea! property tszes, insurance prem.urtM, ind _ yApp y~AYMy' .Ku;uru?Es
C_
premivms. ~ • ~ .
WHEREOF, the•se~ ORTGAGOR hss hereunto set Ais hand snd ieal the day and year first ai d~ Q~° ~.,t ~ "
Siperd, li presenc p _ i
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.tii ss eresa . mi ~ ry~~
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STATE OF ~ RN~DE ISLA:vD COUNTY Of ~A~L _ 1'Ilixif/
I HEREBY CERTIFY, That on this ~9 ~ day of April , A.D. 19 68 , ~
before me personally appeared A. H. Smith and Theresa I. Smith ?
~ ~
respectively President and Secretary , of }
~ HART PAR?S A,'VD SSRVICS, I~3C. Florida '
, a Corporation, 1Q m~ r
.
~ known to be the persons described in and who executed the foregoing instrument, and severa{tp ~~'~e-
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cution thereof to be their free act and dced as such officers for the uses and pursoses therein me~~oi~~_~#.~hst thej~
affixed thereto the official seel of said corporotion, and t said instrument is the ad and d~ df srpd oorporafion.
WITNESS my ha?~d and official seal at lbctibeQ , id n and stafi~~
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This instrument prepared by f~~EO AND RECOR vub~~c, ~n and for State and Cvunfy afonts~W. _
First Federal Sav. b loan Assn. ST. ~UC~E COUNTY E~~e:: ~
RECOR7 VcR~F .omm~•~.or~rp~~es e
ot F~rt Pierce )u~~ 19-1 ~/jp/~?~
c~ ~~c L~~1f~=.~-------.~8 APR 23 AM 10: SI
16645~
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CLERK CIRCUIT COURT :
x, X a~~~ 17i ~~f 1617 J?
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