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To plaa ~nd contMuanly kNp on th~ bulldinp~ iww a hK~afiN ~ituat~ on taid land and on all equipm~nt u~d p~non~lly covK~d by this morq~
p~, with aN pr~rt?iums tMreon p+id in full• fk~ iesuranu i~ tM vswl ~and+rd policy fam, in a sum +pprovd by th~ MORTGAGEE. and windiform
ieavrw?o~ in tM ~+swl ~tanda.d poticy foren, M• wm. spprowd b~ tM MORTGAGEE, !n wch companY or comP+ni~s +s tM MORTGA(3EE may
dindt ~nd ~II fin and wG~dsroan In:wana policies on any of saW buildi~p~. ~ny InMr~st tMnin or put Mereof, in th~ pyreya~~ wm aforaaid w
in ~xass thenof, ~h+ll contaM the usval standud mortpspM clavs~ a sud? oth~? da~ a tM Mat9apae m+y nqvin, m+kinp tF~ bss u~ said pol~
cks, ~ach ar~d wKy. p~Yebh b s~W MORTGAGEE a iri int~rat m~y app~+r, aed ~+ch +nd ~w~Y sud+ policy shall bt pramptly us:~ntd and dtliver~d to
~ey hsW by said MORTGAGEE a~ futthK s~writy to s~id mort~ap~ dtb?. and not I~s+ th~n teo (10) days in adv~ncs of tM ~xpir~tion of ~ach policy, to da
liva ro taid MORTGAGEE a renew~l tlw~of, top~thu wi?h a ncaipt fa the pnmiwn of such renewel~ ~nd ti+er~ sMll M no fu~ w wi~form I~swa~a
plac~d on +ny of aid b~iWinps, ~ny loterett tMr~in o~ put thereof. vnku in the fam u+d with th~ bss payable a afons+ids u~d in tFn ~va~t aey awn ~
of mo,~y becp~ws p~yabl~ ~ndK wch peli~y a policiss ssW MORTGAGEE sMll haw th~ optan to ?eca7v~ and ~pply ths s+rn~ on account of th~ ind~bt~
nas acvr~d her~by ot to petmit ~sid MORTGAGORS to nosiw and uN it a any pa?t iherwf for othar purpotes, without ~hereb~ w~ivinp or impair-
ieg any ~q~iry, lien or right vnder or by virtw of thls mort9~st ~nd io iM ~vent said MORTGAGORS sMll iw soy nason feil to ktep the wtd pr~nisa w
tr?wrad, o? fail ro dtUver promptly amr of said policies of tntwana to s~id MORTGAGEE, or fail promptly to p~y fuliy any premi~m tlx~efw a k? any
r~spect fail b paform, dischar9t, ~xecvte, ~ffact, compl~te, comply with uid aWd~ by this wwnant, a any part F~ereof, said MORTGAGEE may place and
p~Y fa wch irquranot or any put thereof without wahrinp a affed'..~y any option, li~n. equity, w ripM unda « by virtw of this Mort~+g~. and tM
fvll amount of s~ch and ~wry such paym~M ~h+ll be fmmediately dw and pysbk snd shall bear interest from ths d~h theroof until p~W ~t tM raf~ of
nine psr oentwn pa amum and topether with such interest shall be securcd by tM lien of this mat9~pe.
4. To pamit, aommit a suffu no wast~, impai~ment or deteriaation of ssid propa~ty or any part thereof.
5. To pay ~II xw! sinpvlar the costs, cha?9a and exp~niei, indudirg a ressonable anwney s fee and wsb ot abshscts of titl~. incwred or p+id at
any tims by s+id MORTGAGEE, becavss w in ths event of tM fai)uro on the p~rt of tha said MORTGAGOR to duly. promptly ~nd f~liy psrform, d~schuyR
executs. ~ff~d. oomplete, comply with and abid~ bp each and every the stipulations, sg~eernenn, conditiom, ~nd cove~anb of said promissory note ~nd th4
matpape any w eithet, and said costs, char~es and expenses, each and every, sh~ll be im~nediately due and p+y+We; whether or ~ot ther~ ba ~otiq da
mand, attempt to cotlect or wlt pendings u+d th~ full amovM of eath and wery such payment shsll bear interest from ths date ti~eof unfil pild d the
rate of nins per eentvm per annum; and all said ewts, chuges and expenses 'wKVrrad w paid, together with suth intHest, shall b~ sac~~ed by the liae of tha
mort9sp~•
6. Th~t (a) in tM went of any br~ach of this MortQape or defa~lt on the part of the MORTGAGOR, w(b) in the event any of said sums ~ mo~wy
here?n referred to be ~ot promptly and fully paid wi~hin thirty (30) days ~ext sfter the tame severally become due snd payable, wlthout dem~nd a notice.
or W in the evem each snd every the stipuktiaa, agreements, cond~tions snd covenants of ssid pcomiuory nate and th~s mortpa9e any o? eiths~ ~n no1
iuly. promPNy and fully performed, dixharged, exen?ted, effected, completed, complied with and abided by, then n either or any such event tM said ag
greg~te wm mentar~ed in said promissory ~+ots then remsininp unpaid, with interost acuued, and all nwneys secured hereby, shal) becwne dw and pay-
abk forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the ssid wms of m«~ey vrere wipir?~Ily stipulated
to be paid on s~ch day, anything in said promiasory note o~ in ti?is Nlwtpage to the contrary notwithstsnding; and there~pon or thereafter at the option of
isid MORTGAGEE, without nwice or demand, wit at law or in aS •ity, therefore a thereaher begun, m~y be peosecuted u if a11 moneys seaired hueby
had mafured p?ior to ib irutitution. ,
7. Thst in the event thst ~t the beginning of or et any tir..s pending any svit vpon this- Mortgsge, or to fweclose H, or to mfam it, or to enfora
psymenl of ~ny clsimi hereunder, s+id MORTGAGEE shall apply to the Covrt having jvrisdrction thereof tor the ~?po~ntrnent of a Receiver, wch Go~rt shall
Fwthwith appoint a receiver of said mwigaged property all and singvlar, includ~ng alt snd singular the income, profitt, issves s~d revenues from whstsver
source derived, each and every of which, it beinp expressFy ~nderstood, is F+ereby mwtgsged as if specifiully set forth and desuibed i~ the ywntinp and
habendum ds~ses hereof, and s~rch Receiver shall h~w all the broad snd effective f~nctions and powe+s i~ ar.ywise entrvsted by ~ Gourf to a Reteiver, and
:uch ~ppointmcnt shsll be msde by wth Court u an admNted eqvity and s rrytter of absolute right to said MORTGAGEE, end without reference ro ths
adequacy or inadequacy of the value of the property mortgsgcd w to the solvency or insolvency of said MORT6AGOR w the defendants, and thst such
rems, profin, income, issues ~nd revenues shsll be applied by s_rh Receiver accordinq to the lien or equity of ssid MORTGAGEE and the practioe of svch
~rt. .
8. To duly, promptly and ivlly perform, d'acharge, execute, effect, complete, comply with ~nd abide by each and ewry ths stipulatans, sgreemenb,
cond'itions ~nd covens~n in said pran'~ssory note and this mortgage ~t fwth.
9. That in the eveM the ownership of ths mortgsged premises, or a~y psrt thereof, becanes vested in a penon other ihan the MORTGAGOR, tl+~
MORTGAGEE, its successors and usigns, msy, without notice to the MORTGAOR, deal with such successor w successw i~ interest with ~eference to this
mwt~age snd the debt hereby secured in the same manner as witl? Nbrtgagor without in any way vitiatirg a discharging tl?e Mortgagors' (isbility herr
under or upon the debt hereby secwed. No sab of the premises hereby mortgaped and no forbearance on the psrt of the AhORiGAGEE w its suaesaon
w aug~ and no extensio~ of the time for the payment of tl?e debt hereby secvred given by the MORTGAGEE or its successon or ~ssiy~s, shall operat~
to rolease, distharye, modify clwnge w affett the wiginsl liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essencs of this contraet snd that no waiva of any obtiyation Fwre~ndet or of ths oblipation ~e-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the inst~ument secured herby.
11. In addition to the fwego:ng monthly payments of prirx:pal snd iMerest reqvired by the promiuory note sewred hereby, mortgsgor covenanb
and ~grees to pay to mortgagee with each monthly payment an sdditional wm estimated by mortgsgee to be equal ro 1/12 of the annual cost of the follow-
iog: ~
~ A-All rea) p?operty taxes levied or assessed against'the above desaibed real estate. ~
; B-Premiums on fire and windstorm imurance as herein req~:red to be carried on the improvements situate on the above deuribed premises.
C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time ro time deem fit to carry on the loan setured hereby.
~ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and suth wm shall thereupon be due and
payable on the due date of the nezt monthly payment and eath sutcessive month thereafter until mortgagee shall notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee tqvard the payment of real property taxes, insurance prem~ums, and mortgsge yuaranfy inwrance
premiums. -
IN WliNESS WHEREOF, the said MORTGAGOR h~s hereumo set his hand and seal the day and yeu fint sforesaid.
' Siyned, Sealed snd delivered in tF~e presence of:
~ . /~~.~JLrt~ ~ (~~0
I
~ ~
~ J cs..n
ST E OF fLORIDA ~
~ St. Lucie ~
8efwe me penon~lly ~ppesred ~nard Lane
FreZda G. I.ar~e h;, w~f~, ,o n,e w~a known ana k~wn w m. to b.
ths individwb described in and who exscvted the foregoinp instrumem, and acknowkdped before me that thsy exewted the same for tM pwpows
~hercin expressed Md ths sa~~ Frei~~ C_ t--an° -
wife of the saM B@'rtld~'CI Z.aIt@ upon • aa~tr~M M~d priv~b
examin~Ya~ by me tsken separate and epsrt from her said husband, ackraMrledged to and before me that she executed said iintruh~e4t rt~h: Mid.volvn-
tsrily snd wifhovl uiy compulsion, constnint, sppreFansion, fear of or from hef said husband. . ;~~t:~~ :
WITNESS m h~nd ~nd offitial sesl thi: .
y d°y °f ~/1.~Q.`~~
. ~ U•, r4 y:.
$ . Notary PuWic in u~d for tM S~a1Cdf ~ f Lata
' My Con?roission ~~es: , c~ _
' ~ECORpED ~ J .
/ ~ ~ c
first Federsl S~Rings a ~ n~.a~a~~o~, FII.EO AN~ rCTY. ~LA• - ; ~ .~<<: ~
Of Fort Pierce. e'jT. LUC~E E R;FlE~ ~ . - , • .
Fort Pieice. Florida K~(; ~^~(1~ "'",i:'. i~~.
i«~~~
O: O~ _ E
3 ~ ~
This Instrument Prepared By ~6g ~EC .
First Federal Savings b Loan Association
' of Fort Pierce R~ R rU ~ COUa?.
CIRC
Checked By J• cou *~g C1.ERK .
800K PACE~Q~S _ ~
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~ . . . . - - ~ cf