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3. To plx~ aod conti~ypvsly ke~p a? the buildii?q~ now a M~e+it~? fitust~ a. :~~d land and o+? all eqvipmtet ~nd p~xsonslly cowred by thii mort9-
~ge, with ~!i premiv~:4 ther~on p~~d in fuil, i~r~ inturance in ths uswl tta~dard po~~cy fo~m, rn + iurn app~oved by th~ MOR:GAGEE, and windstum
:nw~anu in the u~wl t~andud pot~cy fo~m, in a sun +pproved by tM MORTGAGEE; in c~ch tomp+ny a companies ai ths lNORiGAGEE may
dirKij aed ail fire u~d w7ndstam iruvu~ce polk~es on a~y oi said buiidinps ary IMerost ihe~ein or part tMreot, ie~ 1l+~ a~gre4ate tum aforesaid or
in ~zceu ~hereof, shail co+?tain tM uswl standud mortpa9e~ dw~ w iuch otha c:a:+s~ u tl+~ MwTpayee may ~~quK~. +n~kinq the loss uode? sa~d pol~
cies, each and eve~y, psyabla ro uid MORTGAGEE as its interett may appear, and ~~ch and tvery ivch policy sha11 b~ promptly u~~s~ed ar+d delivQrorl ~o
any held by ca7d NWRIGAGEE ~s funhar security to s~id mor~fla9e debt, and, not less than ~en (10) d+ya in advanc~ of tM exp'uat~on of oach policy, to da
tiver ro asid MORTGAGEf s nnewal therwf, ~ope~he~ with a~ecupt for tM pr~e+nivm af suth rtn~wdt and thsre iFwll be no fu~ or winds~am ins~ranc~
placed on ~ny ot iaid buildirgs, u+y i~ttrest therein or part thereof, u~less in the forrti and with tM loss psyabl~ as aforesaid; and in tM event any sum
of mon~y brcomes payabl~ u;+de~ wd? policy w policas said MORTGAGEE shail have tM option to receive and aPp1Y tM sam~ on accwn~ 01 ~iK indeb~ed~
nau setvred iw~tby a to permit sait) MORTGAGORS ro teceiva a~d us~ it ot aoy part thereof fa othct p~rrposa, without thrreb/ waiving or ~mpair
ing any eqv~ty, lien w ~ipht under a by v'utw of this mostpspe; u~d in the evem w~d MORTGAGORS shall for any ~eason i~il to keep the satd premisos so
insured, a fail to deliver pra»ptfy any of said policies of ins~rsnte to said MORiGAv`•E, o~ fail promptly to pay fully any prem7um th.xefw or in any
respect fail to pertam, diicharq~, ~xecute, effsct, completi, oomply with and ab3de by tt?ts covenant, o~ any pan I~wf, said MORTGAGEE may place and
pay for such insurann or ae+y pan the~eof wirAout waNinp or aHcctinp ~oy optan, lien. equity. w riyh~ ~ndK o~ by vi~tw of this Mortpape, u?d the
fult smovnt oi sach and evsry suci? payment ~hall be imnediately dw snd payabl~ and shall btar interast from tM dat~ the~eof until pa~d at the rat~ ol
nin~ pt~ cer+tum pa anrwm ~nd toyather wi~h ~utA intaest sh~{I be searred by the lie~ of thw matyay~•
4, To pa~mit, commit a i~ffa no wast~, imp~i~meat or det~raration of s~id propaty or any put theraof.
S. To pay all snd stngulu th~.costs, charyes ~nd expenses, includ~nq a reasonaule attwne~/s fee and costi of abstracts of t~tle, incv~red or paid at
any time by said MORTGAGfE, because or in tM ewnt of the fa~lure on the part of t1?~ said MORTGAGOR to duly, p~omptly and f~l{y pa~fwm, d~uhargq
execute, ~fiest, complete, comply w~th and ab~de by ~~ch and evcry the strpulat~ons, ag~cements, cond'nior?~„ ~nd coveaxros of ~~d promIssory ~ote and thu
r,ortgags any or ei~her. and said cost~, chsrge~ and expen~es, cach and everyr. shall be immedi~teiy dve and payablet whe~her a not there be noticb da
mand, attempt ro coliett or suit pendin9; and tAe full artqunt of exh ~ed erery s~ch payment aAall bea~ interest from th~ dats ~hereof vntii paid at tiK
rate of nine pQ~ centvm per amwm; and all said tbari, charges ae~d expxnses inturred or paid, toyethet with such intdest, s}wll bt aetured by the Gan of this
motiyaqr.
0. TA~t (a) i~ the event of any breach of this Mwtgaga w default on tha part of tbe MORTGAGOR, or (b} in ti+e event sny of satd sums of money
herein referred to be not promatty and fully paid within thirty (30) days next after the a:.^w severally become due ar+d payable, withwt demand or notite,
or (c~ in the eve~t exh and every tne :tiputationi, gr~e~xnts, cond~tions and covenants of sa~d promissory ~ote and th~s mort9age any w either are not
3uty, promptiy and fuliy ,~erfwmed, d~schar9ed, executed, eff@cted, complered, complied w~ih and abided by, ~hen in either w any such even~ the said a~
pregate wm menrioned in said promissory note then remaining vnpaid, with ~nterest accrued. u+d all mor?eys secured hereby, tha~f betome dua and p+y-
ab;e forrhw;th, or the~eafter, at the option of said MORTGA(;EE, as :uily and compktely as if all of the wid swns of mon~y were or~g~natly it~puiaud
to be pa~d on such day, anyth~nq in sald prom~ssory note u in this lltiwtgige to the contrary notwithstanding; and thereupon or thereafter at the op:a~ of
said MpRTGAGEE, w~rlw~lt norice w demand, wit at I~w a in eqvity, tnerQfwe u:.'~eresher bepun, may be prosecvted ss if all monoys secu~ed hereby
had matured prMr to its :nStitutiOR
7. 7'rsa~ in the event that at the beginning of or at ~ny time pending soy wi! upon th~s Mortgage, a to faeclose it, or to reform iL o~ to enforce
payment of any cla~ms hereunder, iaid MORTGA6EE shall apply to the Co~n having junadia:on thereof for the appo.ntmenl of s Receiver, wch Coun sha~l
(or~liwith appoiM s receiver of said mortpaged property all ~r?d sing~lu, includ~ng aL' a~d singular Ihe inmme, pro(its, issues ~nd revenuas fra~ whateve:
sourco derived, exh and every of which, it be~ng expreuty understood, is hereby mwtgaged u if spetificatty set futh and deuribed in the graat:rg and ,
habenJum clavses lareof, and such Receive~ shall have alI the broad and effecrive funcrans aod powers in anywise entrusted by a Court to a Rec.:iv::r, and
such epaoinrment shatl be made by wch Cov~t ai an admitted equity and a maner of absoiute t~ght to said MORTGAGEE, and w~~hout teiere~xe to the
edequaey a w?~deq~uy of tht v~lw of the pr'operty matgsged or to the sotvency w insolvency of said AhORTGAGOR a the deiendsnts, and that such
renss, ~xofit:, income, iuws ~nd revenues shsll be applied by wch Rataiver atcordiny to the lien w squity oi said MORTGAGEE and the practica of svch
CouA.
8. To duly, promptly and fully perfam, d~scharge, execute, effect, compktc, comply w~th and ~bide by each aod every the supu~ations, agreements,
condiians and covenants in said promissory oot~ and this mortgage set fwth.
9. Thst in the event the ownenhip of the mortgaged premixs, a any part thcrcof, bctomes vested in s perwn o~her than the htORTGAGO,Z, ths
MORTGAGEE, its succeesors snd ~uigns, msy, w~thovt ~otKe to ti~e MORTGAOR, deal with such successor or wccessor in interest with reierence to this
mortgage ~nd the debt hereby secwed in the same m~nner as with Nbrtgagor witFaut in any way vitiating or d~stharging tne Nbrtgayors' I~ability here-
under or upon tbe debt ixv~by secured. ko ule of the Fremises hereby mortgaged and no forbear~nce on the p~rt of the MORTGAGEE or its successors
or •ssgns and no exeensan of the time fw the payment of the debt hereby secured given by the MORTGAGFE or its successas or ~u~gns, s~ia:t operat~
to release, d~scharye, modify cA~ngo w affect the aiginal IiabJ~ty of tbe MORTGAGOR hereiry either in whole or in part.
10. It is specificatly sgreed that time is of the euence of this contratt and that no waivet of ~ny obiigation hereunder w of the ob~ig+Yan se-
n,nd hereby thaN at any time thereaftar be heW to be a waiver of the terms hereof or of the instrwneM secured herby.
11. In additan to the forego:rg monthly p~ymenfs of princ:pa~ a+id in*erest required by tlx prom~uory ~?o?e secured hrreby, mortgayor covenants
ar.d agrees to pay to mort9agee with each manthiy payment an add~rionsl sum estimated by mortyapes to be eqwl to 1~)2 oi the annual tost of the fofiow-
in~:
A-AU real property t~xes levied w assesscd against the above deuribcd real eatate.
B-Premiums on fire and windstam insursnce as herein rcqu~red to be urried on tne im?rovements situate on tF~e sbove desaibed premises. ~
C-Premiums on auch mortgage guaranty insurance as mongagee shall from time to time deem fit to wrry on the loan secured here6y..
~ Mortgagee shall from time ro time not~fy mwtgagor in wr:t~ng of the amount due and payable hereunder and such sum shall the`eu3o~ ~~j due a~d
~ payabk on the due date of the next monthty payment and euh wccessive month thereafter until matqagee shali notify mortgagqR'~Da.cnaZlg~~j! such
amount. Sucn sums ahall be applied by mortpagee towsrd the payment of real property tsxes, insurance premiums, and mort9i~~ guaranty inwr~cs ,
prcmiumt. 1:
IN WIT(rESS WNEREOF, the sa~d MORTGAGOR has htrevnto set his hand and seal the day and year firnt ~ioresaid. ~ " ~
' ned. S~akd aexl del~wred in tM preserw ot~ ~ ~ C~ n
_ ST. LUCI ,
« ~
under Tr - a
dated e ` -
by •P • }
~ r:. e~ '
r
S~AiE OF FIORIDA ~ Attest' ~ ~
~a,NTM o~ STw LUCIE ~ • s i- re aen an s ier
~ HEREE3Y CERTIFY. T{~at on thts day o~ , tt. D. 19~_.
~~joro me personally appewed -~.Q~-ERT TERRY ~d PEGGl' ~iARRI'
resp~clii~c~y _ President ancj _~-1~.@=p*-'PG~~E'-nt_and__ $~,~~iX Cas}''ier - of
ST L: CIE COi1N2Y BANK 8 Florida ba:lkin~ coTpor+a~ion, eo rne
k~auwn to bo tlio porsona described in a~ul wl~o executad tho (or~qoing insirumont, and savoral~y acknowl~gad~ ~lia oxv-
crition tl~e~~~o~ to be tl~oir jree act arul ~Ioed as such o/~icen. Jor the usos and purposes tJ?e~ein mer.:to~iect; wuI• t~ia~ t1ur~ ,
~
a;
f
i~ec~ t~~~rc fl~o o~jicial 'soal of saicl oorpomtIon. and !ho t~atru n! b l~ae act and clooc~~ of ~ saic~ ~arporatiqn, }
~
acting a~ ~rustee. " _ ~ " `
~Vfi'\CSS my hand arul of
jFclal soal at Fort Pwrce s"d unt d:st~'o
. -
FILE~ AND RECOROEO- ' ' ,
S7. LUCIE COUN7Y. FIANoeary Pu6lic. in and for ate and County ~Af . a+d. ,
This ~nstrum~nt arcp2red by f~~ C~~'0 v~RIf~EO My Co+?~.,~~ton E~~: , ~ '
F~rst fede~al ~a;~. & L~an Assn. :1'7145U ?
0~ Futi Pi6tC8 . '
~ ~y _FRANK FEE '68 OCT 2~ ~ • Ss 0 R '
. o,/ a~ 174 P~ 149
~QvER i'017R~S
- CLERK CtRCU1T COURT -