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To plac~ e~d continuo~sly kNp on ~hs buildinys now w h~rwft~? sitvat~ o~ said t~nd +nd on +It equip~n~nt and p~rsa+~lly cova~d by this na~p~
y~, with ~II pr~miunA the~eon p+id i~ iv14 fire insuranc~ ie the veual uar+dard policy form, ~n + tu:h ~pproved by tM MORTGAGEE, ~nd windstorm
inwrae~u in tM u~wl u~~dard pol~ey form, in • sum app~ovsd by ~M MORTGAGEE. in sueh eompu~Y o~ eomWni~s +s tln MORTGAGFE msy
~
dinctj u~d ~II fir~ ~nd wiodsrorm inwrana potk~es a+ +~y of said build~nps, ~ny inMre~t ther~in w pan tl+~rwf, in the +~re~at~ sum a a~si a
I~ ~xcea ther~of, ~h+ll contain tM wwl itandard mor~gagK clauu w such o~her d+uss u tM Matp~ges may rWuire. rn+kinp tM lou unde+ said pol4
ci~s, tach and ~wry, p+r•bt• ro uid MORTGACs,EE ~s iti iMerest mar ~nd each and every s~rch policy sA~ll be prompt~Y +ss:9^ed u'd d~~'v"red to
any held by said MORiGAGEE ~s twther securiry to s+id morty~ye dcbt, and, not ku 1Mn ten (10) d+ys in advance of 1M txpir~tion of each policy. to d~-
liv~r ro ssid MORTGAGEE a rerKw~l tMrwf, tope~Mr with a receipt fw the premium of s~ch renewalj and ther~ shall b~ no fin or winds~a~m inwranc~
pt~d on ~ny of s~id buildinys, ~ny lnterpt ther~in w psrt thereof, unleu in the fonn'a~d with the lou p+y+bl~ as •fatsaid; ~nd in tM ~v~nf ~ny ium }
of nwewy becan~s p+y+ble w~der wch poticl? o~ Po~ici~s sa~d MORTGAGEE shall h~w tM optan ro raeivs aod apply tM samt on accouM o1 tht ind~bted~ ,
nas stcyr~d hN~by w w pe+mit s~id MORTGAGORS to teteive ~nd us~ it w any psrt thereof fw other purposes. without thereb/ w~iving o? ~mpair- ~
inq ~nr puity, lien w~ipht ~nde? or by virtw of this mortps~ej and in tM ~vent ~aid MORTGAGORS sAall fa ~ny ~essa? fai) to keep the ssid p~~mites io
insur~d, o? fsil b deliva promptly any of uid pol~cies of insunnce ro said MORTGAGEE, w fail prompNy to p+y fully any premium tMrefw o? in ~ny
r~spect fail b pafoan, dixharyt, execute, ~(fM, complete, comply with a~~d abids by this covenaN, w any put haeof, ssid MORTGAGEE may p~+te and
paY fw such i~uruu~ w any part tAsreof without w+Ninp o? affectinp any option, ti~n. equ~ty. a ri9ht unde~ or by virtw of this Mortys~~, and the
full ~moueH of ~ach and ~wry such payment sh~ll bs immediately dut and p+yaW~ and shsll be~? interess from ths date theraof until paid a1 th~ rat~ of
nirw pK tentum per annum and together with wcA interest ~hall be secured by th~ lien of this mat~+pe-
4. To pKmit, c~ommit w ivffer no wute, impairrn~nt or dete~iw~tion of said prop~rty or ~nY p+rt the~eof•
S. To p+y ~If and sinpulu th~~coats, charya u~d ezpenxs, includinp a ~easonable attwneys fe~ and costs of ~bstnNS of title, incvrced or paid sl ~
any time by Wd MORTGAGEE, becaus! a in Ihe ~vent of the failure on the paM of tM ssid MORTGAGOR to duly, p~omptly and fully pafonn, diuMrgq
exec~», ~ffed, complet~, comply with end ~bid~ by exh and every the stipulations, agreemenn, cond~~ior?s. +nd coven+^n of sa~d prom~ssory nots snd thw , ~
mortyape ~ny or either. and sa~d costs, d++r9es snd expen~es, e~ch ar~d every, shall b~ immed~atety dus ae+d p+yabk; whether w not there bs notice de~ F
.nar+d, attempt to collect a wit pendirg; and tM full amount of each and erery such payment sFwll bea. #r+terest from the date thereof ~mil paid at the i
rate of nine per centum per annum; and all said ccsts, cha~gea and expenses incurred or paid, togethx w~th such inter~st, shall b~ secwed by the lien of tlw ~
matpay~• !
0. That ja) in tM event of ~ny bresch of th~s Mortyspe o~ default on t!r part of the 1NORTGAGOR, w(b) in the event any of said sums of mon~y }
heroi~ r~fe~red to be not p?omptly and fully paid within thirty (30) days ~ext afte? the same sevaally be~.ome due snd pay+bk, without dem+nd o~ notice. ~
or (rJ in tM ~vMt esch and ewry tMe stipulaNons, agreemenn, conditions snd covenann of sa~d promiuwy note and th~s mortpape My a ei~her are nol
~~ly, promptly and fully performed, dixhsrged. executed, effected. completed, complied wifh u,d abided by, then in ei~her or ~ny iuch event tM said
yra~,tt~ wm memioned in said ptomissory note thee remaining unpaid, with interest ataued. and a11 moneys setured hereby, shall beeane dw snd pay~ ~
abl~ fOftMNIfFy Of 1I1l~NftN. at the option of said MORTGAGEE, u fully and completely as if all of the said sums of money were oripinally stipulated
to be paid on such day, anything in said prom~ssory r+ote or in this Mortgage to 1he conrriry notwithstanding; and thereupon or thercahe? at the option of
said N10RTGAGEE, without notice w demand, wit ~t law w in equity, therefae w thereaftcr begun, may be prosecuted as if ~II moneys setured heteby
had matwed prw~ to its institutioe?.
7. That i~ tM evcnl that at the beginning of or st any time pcndirg aoy suit upon this Mwtgsge, w to faeclose it, w to refwm it, o? fo enforc~
payment of ~ny claims hereunder, said MORTGAGEE shall apply to the Court Mving jurisd~ction thereof fw the appomtment of a Receiver, such Covrt shall
fwtFiwith sppoiM a receive~ of uid mortgaged property all and sirgular, i~clud~ng all and sirgular Ihe income, profits, issues and revenues from whatevlt
seurce de?ived, eath and every of which, it bting expressly understood, is hereby morlgaged as if spetifically set fath snd desaibed in the g?aNing and
habendum da~ses hereof, and such Rettiver shall have all the b~oad and effective funct~ons and powers in anywise entrus!ed by s Court to a Receiver, and
•uch ~ppantment shall be made by such Coun as an sdmitted equity and a mattr of absolute right to said MORTGAGEE, snd without reference ro ths
adequsty a in+dequscy o~ the valw of the propery mortgaged w to the wrvency or inwtvency of uid MORTGAGOR w the defendants, and that iuch
rents, profin, i~cwne, iu~es and revenues shall be spplied by such Receiver accwding to the lien w equity of said MORTGAGEE and the pradice of suth
Courf.
8, To duly, promptly and fully perfwm, dixharge, execute, effect, corr~!ete, comply with snd abide by each end every the stipulations, agreements,
conditiora ~nd covenants in said promissory note and this mortgage set forth.
9. Thsf in the event the ownership of the mortgsyed pre~+~ses, or any part ihereof, becomei vested in a pcrwn other ihan the MORTGAGOR, fhe
MORTGA6EE, ih successors and auigns, msy, w~+hout notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgpe snd the debt hereby secured in the same inanner as with Mortgagor without in any way vitiati~g w dixharging the ?.:ortgagors' liability here-
under w upon the dcb~ hereby secured. No ssle of the Fremiscs hereby mortgaged and no fwbearance on the psrt of the MORTGAGEE w its svccessors
or assigns and no extension of the time for the payment of the debt hereby setured given by the 1NORTGAGEE w iri wtctssots w auigns, slull operats
to releas~, dixharge, modify change or affect the orginal Iiab~Gty of the MORTGAGOR herein, either in whole or in put.
10. It ia spec~fically agreed that time is of the euence of this contract and that no waiver of any ob~~gation hereunder w of the obligaYan sr
a,red hereby shall at ~ny time thcreafter be held to be a waiver of the terms hereof or of the instrument secured herby.
. • - • ir b t ~ ts
and agrees to p a ee with each monthly payment an add~~anal sum estimated by mortgagse to be eqval to 1/12 of the annuat o low-
~~9=
A-All real property fa:es levied w assessed ag bove deuribed real es'ata
B-Premiums on fire and windstwm insurance as herein ?eq~;red to improvements situate on the above desuibed premises.
C-Premiums on such mortgage gusranty insurance ce shall from time to ~ fit to csrry on the (oa~ secured hereby.
~ 1Nortg~gee shall from time to " mortgagor in writing of the amount due and payable hereu wm shalj thereupon be due and
! paysbte on the due e next monthly payment and each successive month rhereafter ur,til mwtgagee shall notify mor a change i~ such
j ance
' premiums.
€ IN WITNESS 1NH EOF, the ssid TGt1GOR has hereunto set his hand and seal the day and year first aforosaid_
F ~f~~i~. delwe;ed In t esencQ ~{j~
~ ~/~i~/l, f/ i w ~Nn
~ (Se+O `
~ ' D _mtl.ti ~ _ ~~~q
~s~.n
SiATE OF FLORIDA 1
~ St. Lucie ~ ~
~ eefw. ~e„o,,,ny ,~.s,~d C ha r 1 ie L. B ake r, S r. ,,,,d
Velma Baker, h~ W~r~, to me well known ~nd known fo me to b~
the individwb deuribed in and who ~x 4cuted the forega ny instrument, and acknowledged befwe me thst tlxy executed the same ior the p~+rposes
rhe.ei~+ •xp..wed_ And rh. sai V e lma B aker
~ wife ot t1» said C~ r le I. . B d e L~ r. ~ up~r~te and priwb
~ exam~naYwn by erN tak~n ~ep~rate and apart from her said husband, ackrawledyed to r+d befor~ mt that the execvted s~id i~strvment heely snd wtvo-
r~rily and without ~ny compulsan, cons~raint, ~pprchensiQq,ior feu of w from her sa Iws nd.
~ WITNESS my haed ~nd offic]al se~l this 1~~' day oi ~ A. D. 19 68 `
~ FILEO AND RECORDE No~~ry Public .~a ra ,r~ s„~~ or fb.~e..~ ?..9.
ST. LU~I~ C~UNTY. FLA. My c«~„~u~, .,~P~«::
~ aetum To: . ~ - ~ ~ ~ ~
~ F~nt F~deral Savings i lwn Assocur;«, ~~C~~.~6' NOTA~Y fYYLIC, iT~Ti OF ROIIt0~~6 u~a ~
~ Of corr P,erce. MY COMl+~I5510N D(PIRES N0~1.
~ Forr Cierce. FIw7d~ ' ~ . O ~pNOLp 7MROYfiM_[~e~ o•s~ss~MOS~• ~
~ ~ ~1~•_ I l~M 10 • 4
~ ~ .
.
~ _
~ This instrument prepared by ~ . _ • : i; H:: _
~ ~rst Feder~l Sav. i Loan Assn~~F~~c Ct~tCUtT COURT ~
~ ot Fort ~ierce . . : :
6001I~~ PACI~~~ . t~~
J. D. Chastain L ; :
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J °d`~
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