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3. To place ~nd continuousty keep on tF?e buildiags ~ow or M?eahK situat~ on s~id land ~nd a+ ~II equipme~t ~nd pKwr?+tty covered by this monp- ~
ege, with ~II premiums thereon paid i~ (ull, fir~ intur~nce in ths ususi standard polity fam, in a tum ap{xowd by Ihs MORTGAGEE, and wir+dstam I
in~uru~c~ in tM ~swl ~undard poliq fam, in • ium approved by the MORTGAGEE, io tuch company a compani~s a tM MORTGAGEE may
directp and all fir~ and windstorm insur~e~ce policies on ~ny of s~id buiidinps, any int~rest rherein w pan 1Mreof, in tht sgyre~at~ wm ~fortMid a
In sxcess Ihe~eof, shsl) contain ths us~al standud matgagee claus~ o~ such otMr claus~ a tM Mortyages may req~ir~, makinp ~hs loss undar uid poli~
cies, each and evKy, payable to said 1~10RTGAGEE as its interest may appear, and ~sch end ~very such policy ihall b~ promptly ~u:pned +~d delivered to
any hsld by said MORTGAGEE u further security 1o isid mortgaye ckbt, and, not Itss than ten l10) days in advance of the expiration of each policy, to dr
I~ver to s~id MOR?GACsEE a rsnewal tMrsof, toaetMr with ~ receipt for tF?e prtmium of tuch rer~ewal; and tht~e shall be no fire a windstwm insu~antt ~
placed on any of said buildings, any interett therein or psrt thereof, unleu in the form and witti tF+e loss pay~bk as afwesaid; and in tM event aey sum i
of mw?ey becomes payable u~der such policy w policies said MORTGAGEE shall haw ths option to receiva and apply ths same on accouM of the indebtrd~ ~
ness setu~ed hereby a ro permit said MORTCaAGORS ro receive and us~ it w any part thereof fo~ othcr purposes, without thereb/ waivi~tg o~ impair-
ing any eq~ity, lien or r'ight ~~de? w by virtue of this mortgayes snd in the event aid MORTGAGORS ihall fw any reason fail to keep the s+id premiies so ~
insured, or fail to deliver promptly any of said policies of insursnce to said MORTGAGEE, or fail promptly to pay fully any premium therefor w in any
respect fail to perfwm, disch~cge, ezecute, effect, complete, comply with and abide by this tove~ant, w sny part hereof, said MORTGACaEE may plste and ~
pay fq suth insurante ot any pan thereof without wsivi~g ot affettirg any option, lien, equity, or rigM under or by virtw of this Mortgape. +nd the
full amount of eath and every wch psyment shall be immediately due snd payabta and shall besr interesl from ths date thereof unti) pald at tM rate of
nine per centum per a~num and together with such interest shall be secured by the lien of thit mort9a~e.
1. To permit, commit or suffs~ no waste, impsirment a deteiaratan of said property o~ any paA thereof.
5. To pay all and siagulsr ths cosri, charges +~d expenses, including a reasonsble attorney's fee and cosb of abstratri of titls, incurred w paid ~t ~
any time by said MORTGAGEE, because w in the event of the failure on the psrt of the ssid MORTGAGOR to duly, pranptly and fully perfo~m, diu.hargR #
exxute, effed, complete, comply with and abtde by esch and every the stipulations, agreements, co~ditio~s, and covenants of said promissory note and thii i
mortgage any a either, and said costs, cMrges and expenses, each and every, shatl ba immediately dve and payable; whethcr w r+ot there be notice de~ 1
mand, attempt to colkct or suit pendirgj and the futl amount of tach sr+d every s~?ch payment shall orar interest from the date thereof ~ntil paid at th~ #
rate af nine per ce~tum per annvm; and all said msts, charges and expenses incurred w paid, together with such interett, s1?all be secvred by tM lien of tha i
mortgaye• ~
6. That (a) in the event of any breach of thi~ Mwtgsge w default o~ tM part of the MORTGAGOR, or (b? in the event ~ny of said avms of money ~
herein referred to be ~ot promptly and fully paid witfiin thirty (30) days next after the same severally betome due and payable, without demand ot notice, ~
or (c) in tAe event each and every the stipulations, agreemenb, condiYans and covenaori oi sald prom:~ory note a~d this mortgage any a either are nol
iuly, prompNy and fully pcriormed, discharged, executed, effected, completed, complied with sno abided by, fhen in either w any tuch ewnt tM said ag ;
gregate sum mentioned in said promiuory note then remaining unpaid, with iMaest acuued, and ~II m: neya secured herebY. shall become d~s ~nd pay-
able fwthwith, or thereafter, at the optan of said MORTGAGEE, as fully and complNely as if all of the said sums of money were wipinslly stipulated
ro be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon a therea[ter N tl~s option of
said MORTGAGEE, withoW notice or demsnd, suit at law w in equity, therefwe w therealter begun, may be prosecuted as if a~l rraneys sscvred hereby ~
had matured prip to its institution. ~
7. That in the event that at the beginning of or at a~y time pending any wit upon this Martgage, w to foreclose it, or to reform it, w to enfwa ~
Fay-ment of any cla~ms he+eunder, said MORTGAGEE sF~all apply to the Court hsving jur~sdKt~ thereof for the eppo~ntment of a Receiva, :uch Court shall
Forrhwith appoint a receiver of said mortgaged property all and sing~lar, intlud~ng all and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is F+~reby matgaged as if spetifically set forth and dewibed in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Cou?t to a Receiver, end
s~ch appointment ahall be made by such Court as an admined equity and a matter of absolute right to said MORTGAGEE, snd witFaut reference to tF+s
adequacy a inadequacy of the value of the property mortgaged w to the soNency or insolvency of said MORTGAGOR a the defendants, and that s~ch
renrs, profih, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the prattice of such
Court.
8. To dvly, promptly and fully periwm, discharge, e:ecute, effecf, complefe, comply with and abide by each ~nd evxry the stip~rlations, agreements,
conditions and covenants in said promissory note and this mortgage set fwth. '
9. Thaf in fhe event the ow~ership of the mortgaged premises, a any part thereof, becomes vested i~ a person other than the MORTGAGOR, ths
, N,ORTGAGEE, its successors and a:signs, msy, without notice to the MORTGAOR, deal with such suctessor or successot in interest with referMte to this
r.iortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or dixFwrging the Mortgagors' liability hera
u~der or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE a its successors
or assigns and no extension of the time for the payment of the debt hereby setured given by the MORTGAGEE or its suttessors or auigns, shal) operate
ro release, discharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole or in psrt. •
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation herevrxler or of the obligstion sr
cured Fxreby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument setured herby.
s
`}~~--1 d~tion to the fwegoing mw~thly paymeNS of princ:pal and intercst required by the promissory r?ote secured ts 1
a~~d agrees to pay to ee with each monthly payment an addirional sum estimated by mortgagee
t~F~o't"'fT~ of the annual cost of the folbw-
~ng: r
A-All rea) property taxes levied or auess a'. n ed real estate.
B-Premiums on fire and windstorm ins s rein requ~re rned on the improvements ;ituate on the sbove described premises.
' C-Premiums on such guaranfy insurar~ce as mortgagee shall from time to~ fit to carry on the loan secured hereby: . +
'I Mortgagee sha m time to time notify mortgagor in writing of the amouM due and payable hereunder-ar~Yscxi+ w+n shall ihereupon be due and i
' ~ayable on t ue date of the next monthly payment and each successive month thereafter until mwtgagee shall nofify mortgagor of a changQ in soch
f 3•»ou h svms shall be applied by mortgagee toward the payment of real property taxes, insurance pre ~ ms, mortgage guaranty insurance
~ ~€miums.
IN WITNE Y~HERE , the said MORTGAGOR has herevnto set his hand and seal the day and ye f' af esaid. ,
Sgned, ! li ' ~the presence of:
.
J R. Cas , a aingle adul~,n ~
4
_ 1 ~
SiATE OF FLORIDA
:~ouNn oF St. Lucie ~ ~ • ~ ~
eefore me penonally apPeared John R. Caa@~~~~1ale adult ~ !
7~e~l~ to me wefl known and known to me to be `
th~ individuab described in and who executed the foregoing instrument, and acknowkdged before me that~F~l~ executed the same for the q?rposes
rherein expressed. ~1d~41l7~ - T- .
::ife of the said ~ •~M•
~dtoioitipp~Y~•~akor~~t;.~~ip+~wi~rrri~i+ri~d~+~Yi~iSisei4a.awii~~w~aFw~.~~wew~ei . _
wr.Fr ~id+e~~ ~nf'~wwp~~wwrr~ow~iwM~ ~w~~(~?~ww ~r~aii I~w6~~d~? - ~ , . . , . u ~ u ~ ~i;;' ' .
WITNESS my hand and official tesl thi: g~ day of ~V~~r r, ~.~`~,~Q.'~.~~,9 ~
, ~C9l:~~~~1~P~'tJ~-....,?~ • . ,
~`d-- .
' FILED ANO RECORDED -~fary P~b~K in snd fa ~M stst~ of,F~t ts~~.. ;
f:
Retum To: ST, LUCIE COUNTY. FLA. My Commission eX~~es:,, j~_~_;~~ .i i
RFC~RD VERIFIED - ~n ~ ° "
Finf Federa) Saving~ 3 loan Association O Q ~~r~ i- _ ~
' i•.:. e~ =y"~c.;C`. i
Of Fort Pierte. l~~n~S C' ~
t
Fort Pierce. Florida ~'j • . •~i,
'68 NOV 12 AM I : 2 2 ~ . ~ .
This instrument prepared by i':~ ~ .
First Federal Sav. & Loan Assn. np R POITRAS ~
of Fort ierCe CLERK CIRCUIT COURT ?
By '
b00K~~~ FA~E~~
~v ! ' ` ` rl~ ~