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3. To plac~ snd continuo~~ly kesp on ths bui?d'uqs now o+ Mreafter ~itwt~ on ~sW lend and on alt equipment aod pe~wnally covaed by this mo?t~
sgs, with all premiums thereon paid in full, fire imurant+ in the ui~al itandard polity fwm, in s sum approved by the N10RiGAGEE, and windstorm
Insurance in ths uiwl atandard policy fam. in ~ sum ~pproved by ~M MORTGAGEE, in such company or compa~les as tM MORTGAGEE may
diratlt ~nd all iire and wi~dstorm inswa~ce policies on any of tsid bvildinpi, ~ny iMerosl tlarei~ or p~rt thcreof. ln tlw sp9re~ats wm afu~isid w
In ezcess thereof, thall coMain 1M vi~al sandard matgaget clsuse w such other cl~uie as the Mortpagee may req~us, makir?p the Iou unda teid polM
ciss, each and every, payabls ro ~aid MORTGAGEE as ib int~rest may ~pps~r, and esch and every ivch policy ~hall be promp~ly au:gned and delivered to
~ny held by said MORTGAGEE as furthm security to s+id mortyape deb~, and, not less than Ien (10) days in advance of the expiration of each policy, to
liver to said MORTGAGEE a re~ewal thereof, toqe~her with a reteipt for 1he premium oi iuch renewal; and thers shall tx no fire o~ windstam inwra~te
placed on ~ny of said buildirgs, ~ny interest therein w put thereof, unless in tM form and with the loss psyable as afwstaid~ snd in the event any tum
of money becomes payable undcr such policy a polidas said MORTGAGEE shall havs ~he option to receive and apply the same on account of the ir+debted-
neu setured hereby w lo pe~mit said MORTGAGORS to reteiw ~nd uss it w any part thereof fa othcr purposes, without thereb/ waiving w lmpair-
irp any equity, lien or ri9ht under or by virtue of this morsg~ge; ~nd in 1M event said MORTGAGORS shall for any reason fail to keep the said premises so
insured, w fail fo deliver pnxnptly any of said policies of insu~ancs fo said MORTGAGEE, w fail promplly to pay fully any premi~m therefor p in any
respect fail to perfam, discharge, exetute, effect, completa, tomply with at+d abids by this covenant, w•ny pa~t hereof, said MORTGAGEE m~y plate ~nd
pay for suth insu~ant~ u any put thereof withovt wshrinp w affectinp ~ny option, lien, eqvity, or right under w by virtw of this Mortga~e, ~nd the
full amount of each and svery such payment sF?all be immediately due snd payable and iha~l bear interest from tM date thereof until paid ~t ths nt~ ol
nine per centum per annum and together with such interest shall ¢e secured by the IiM o~ this matgsge.
1. To permit, tommit w suffer no waste, Impairment or deteraration of said property w sny parf thereof.
5. To pay sll and singulsr the cosn, charges snd expenses, including a reasonable anwney's fee and costs of abstracts of tiNe, incurred o? paid at
any time by said MORTGAGEE, becsuse ot i~ the event of the failure on the part of the said MORTGAGOR to du~y, promptly and fully perform, dixhargq
execute, effec~, complete, comply with and ab;de by each and every the stipulations, agreenxMn, conditions, and cove~ants of sa~d promiuory note and thii
mortgage any or eithe?, and said costs, charges and expenses, each and every, sF+all be immediately due and psysble; whether a not there be notice de
mand, attempt to collect w suit pending; and the full amount of each and every s~?ch paymeM shall bea? interest from the date tF?ereof until p~id d the
rate of nine per centum per amium; and all said msb, tharges and expenses intu?red u paid, together with suth interest, shall be setured by the lien of thiu
morfy+9e.
6. 7Mt (a) in the event of any breach of this AAwtgaye w default on the part of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly and {ully paid within thirty (30) days nex~ after the same severaily become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, sgreements, conditions and covena~ts of sa~d promissory note and th~s mortgage any w either are nol
~uly, promptly and fully perfamed, dixharged, executed, effected, tompteted, complied with and abided by, then in either w any such event the said a¢
gregate sum mentaned in said promisswy note the~ remaining ~npaid, with interesl accrued, and all moneys secured he~eby, shall become due and pay~
able fwthwith, w thereafter, at the option of said MORTGAGEE, ~s fully a~d complNely as if all of the said sums of money were aiginally sNpulated
to be paid on suth day, a~ythirg in said promiuory note w in this Mortgage ro the contrary notwithstanding; and thereupon w thereafter at the option of
said MORiGAGEE, without notice w demand, wit at Isw w in equity, therefore or tnereafter begun, may be prosecuted as if all moneys securad hereby
had mat~red prior to its institution.
7. Tha1 in ihe event that at the beginning of or at any time pendi~g sny suit ~pon this Mwtgage, w to fo?eclose it, w fo refwm it, w to enforce
payment of any claims hereunde~, said AIIORTGAGEE shall apply to the CouA having jur~sd~ction ~hereof for the appointment of a Receiver, such Court shall
forthwith appoint a?eceivtr of said mortgaged ptope~ty all and singular, intlud~ng all and singular the income, profits, iuues and revenues from whatever
:ource derived, each and every of which, it being expreuly understood, is hereby mwt9aged as if specifically set fwth and desuibed in the granting and '
habendum clauses hereof, and such Receiver shalt have alt the broad and effective funct~ons and powers in a~ywise entrusted by a Court to a Receiver, and i
:uch appointment shall be made by such Court as an admitted equity and a malter of absolute righ~ to said MORTGAGEE, and without reference to the
adequacy o~ inadeq~acy of the vaive of the property mortgaged w to the sofvency or insolvency o( said MORTGAGOR w the defendants, and thal such
rents, profih, income, iuues and revenues shall be applied by svch Receiver according to the lien or equity of said MORTGAGEE and the practite of such
Courf.
8. To duly, promptly snd fully perform, discharge, execute, effect, tom{~lete, compty with and abide by each and every tF?e stiputations, agrcements,
conditans and covenaMS in said promiuwy note and this mortgsge set forth.
9. That in the event the ownenhip of the mortgaQed premiaes, w any part thcreof, becomes vested in a person other thsn the MORTGAGOR, the
MORTGAGEE, its successon and auigns, may, without ratice to the JNORTGAOR, deat with such successw w successor in i~terest with reference to fhis
mortgsge snd the debt hereby secured i~ the same msnner as with Mortgagor without in any way viliating or discharging the Mortgagors' liability FKre-
under or uFwn the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearante on 1he part of the MORiGAGEE or iri suaesson
or auigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its successors or auigns, shall operate
to release, dischsrge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the euence of this contract end that no waiver of any obligation hereunder w of the obligsYan se-
cured her~by sMU et any time tixreafier 6e l~eld ro be e wsiver of the terms hereof or of the instrumeM secwed herby.
add~tion to the forego:ng moMhly payments of princ:pal and interest required by the promissory ~ote secured hereby, mortgagw s
and agrees to pa with each momhly payment an addiiional sum estimated by mortgagee ro be equal to 1/12 of tfie o the follow-
4
ing:
A-All real property taxes levied or assessed against the above • ~
B-Prem~ums on fire and windstwm insurance as herei to carri improvements'situate on the above desuibed premises. `
C-Premiums on such morigage guar rarce as mortgagee shall from time to time deem on the loan setured he~eby. '
Mortgagee shall from ti ~me notify mwtgagor in writing of the amount due and payable hereundrr and svc II 1F?ereupon be due and
Fayable on the due o the next monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor n e in such
I amovnt. ums shall be applied by mortgagee toward the payment of reai property taxes, insurance prem:wns, and mortgage guaraniy ms
wns•
4 IN WITNESS WHEREOF, the said MORTGAGOR has hereunto seT his hand and seal the day and yeat firsT aforesaid.
l Si9 t Seakd a d 11 in the presence of: ~r~nlj.~ v/r•
, ~7 J~t.~t.s~ (sea4
~ gg William R. Al1en an
E ~ cs~n
Wit ess ar ara en ~n
~
STATE OF FLORIDA E
cour~n oF St. Lucie ~ ~ ~
eefo~e me perwnally appeared W1111~II R. Allen e~
BarbaYa AIZeTI his wife, to me well known and known to me to be
the individuals desvibed in and who exetuted the fwegoirg instrument, and acknowledged before me that they executed the same for tFa purposes 't
r~.~~n exP.essed. a~d rhe sa~d Barb ra Allen t~ ~k,...••„~,~_ 3
wife of the said Wi~lid~ R. Al1~Il uqOA,+`~psraif' ~~pey~rat~
examination by me taken separate and apart from her said husband, ack~wwledged to and befwe me that she executed said ins~tr~ yeR!lfr~~
rarify and withovt any compulsio~, constraint, appreheniwn, a fear of or from her said husbsnd. ,~'•,~6-
WITNESS my h~nd and officia: seal thi~ ~9 day of December A D:~9
_ ~ _
~ • • , ' " i•"J :
~ Notary Public in snd fw the Stat~of=~jp?ic~a}~_ p4 ~
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~ Return ia. FILEO AND RECOROED~ My Commisaion expi~es: ' - _-Q~'' •
g.~~,:
~ First Fedenl Ssvings 3 loan Associaiwn $T. LUCIE COUNTY, FLA~AR~ ~eV~ ~ATE OF fi0Y1DA AI~L11 •E^'t•••••~ \
Of Fort Pierce. CO~D VERIFI~D M1f CQMMISSION EXp~RES IUNE 22~ 19T,'~:;rr, _
~ONOEp TwROUdN •wco 1N. D~ESTELNt1Av-t.
fort Pierce. Florida i?73~44 ~
'68 OEC ANi 9: 4 ~ ~ ~
This Instrument Prepared By
First Federal Savings 8 Loan Association ~pv POITRtiS
of Fort Pierce CLERK IRCUIT COURT' '
Checked By John W. Coll ins ~
t
!
e~ ~ '
BOOK1~~ PACE~r854 •t ~
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