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To pba ~nd oonti~wousFy ke~p on tM build;~ps now a MnafiK aitwt~ on ssid land aod on ~II equipm~nt and p~nonally oovK~d by thia mat~
p~, with +il pnmium~ tl+Kwn p~~d in full, fin tnwru~c~ i~ tiw usual iundud pofity form, in • sum approwd by tM MORTGAGEE, and wind~torm
inswann in th~ uswl sqndard poficy fam. in a sum apprwed by tlw MURTGAGFE, in wch company w compania ~s tM AAORTGAGEE may
dinttj and all (ir~ and wi~+~b~orm ieswsno~ pWici~~ on ~ny of said buildinp~, ~ny Inqr~st tF~eio a put thKwf. in th~ y~epat~ svm atoraaid or
In ~xons tMrwf, sh~ll ca+taio ~M uiwl ~tandard mortpaSps d~u~ or wch o~f+K ci~ua~ u tfw Ma~papN maY rpuin. makinp tA~ loa ued~ wid polF
ci~. ach and ~very, paYabl~ to ~aW MORTGAGEE as ib intaest may ~pp~ar, ~nd each and ~vay wth poliry thsll bi p~omptly s~s:qnad ~~d d~livH~d to
~~y h~W by satd MORTGAGEE ~s furthe~ secu~ity to s+id mortpaye d~W, and, not kss th~n ten (10) days i~ advanc~ oi th~ ~xpir~tion of ~ach policy, to d~
liwr fo ~aW /NpRTGAGEE a re~swai th~reot, to~the~ with •~saipt iw th~ premivm of wcF~ r~newall and ther~ shall be no fir~ w windstwm inwr~nc~
p~aad on ~ny of said buildinys, ~ny interest therein or part thereof, unku in th~ torm ~nd with tM loss pay~bl~ as ~forsasid~ ~rd in ~h~ ~wM +oy wm
of mw~ty b~aornp p~yabb ~ndK wch polky w polici~s ~aid MORTGAGEE shatl haw ~h~ option to raceive ~nd sppty ths wrk on accovnt of th~ lndebtsd~
e+ea tK~/~ed hNaby a to permit siW IMORTGAGORS to re0eiw ~nd us~ it a ~rty part thereof fw othe~ purpwes, wit?aut thareb~ waivi~p o~ imp~ia
trq ~ny puity, (i~n a ri~ht vedar o? by virtw of ~his morsys~~ u?d in dN .venr w~d AI1pRTGAGORS ~hall fa ~ny r~a•on fsil ro keep ~1K s~id pr.mi•es so
in~wed, pr fdl b dttivK promptly any of ssid poti~ies of ir+w~anp ro said MORTGAGEE. a fai! promptly to pay fully ~oy prNnium therefor w i~ any
rosp~tt hil q puiorm, d'acMr~e, txecute, ~ffect, compkte, comply with and ~bide by tfiis covenant, a ~ny put hareof, said MORTGAGEE m~y plm and
p~y for such irowu~ u any put tMrwf without waivinp or ~ff~ctir~ ~ny option, ii~n. equity, or rigAt under or by vtrtw of tAn Mal~spe, and the
full ae~ovr~t of ~acA and tvery wch piymsnt sha~l b~ immediately dw and p~yabk aod ih~ll beu interest from the dat~ thereof uo81 p~id at tM raM ol
~~~e ps~ oa~twn pK inrwm and toge~her with such interest shall be secured by tM lien of this matp~e. ~
4. To pKmit, oaeunit o? wffK no wast~, knp~irment ot deta~ior~tan af said prope?ty or ~ny put thereof. ~
S. To pay all ~nd sinpulx tM cwb, cMrpes u~d ~xpeoaes, ioctud"ug a roasonabk attorney's fee and cosrs of abstracts of title, Fncvrrad o~ pafd ~t ~
any tim~ by ~aid MORTGAGFE, because w in tM ~vent of ths failure on the pan of the said MORTCaAGOR to duly, promptly u~d fully psrform, dischary~, ~
execvt~, aifed, oomplet~, comply with and ab+de by each ~~d every the stipulatio~s, agreements, condition~, aed oovcnanq of said promissory note and thb
mort~pe sny or ~ither, and said e~ts, chuges and eapenset. each and ev~ry, shsll be knmediately due a~d payabk: whether w not thcr~ be notice dr ~
muid, attempt to colkct or wit pending: and ths full ~mo~nt of each a~d every svch payment thall bea. imercst froen ths date thereof vntil p~W at the
rate of rone per esntum per uuwm; and all said costs, chuges ar+d expenses incvrred ar paid, together w;th such interest, shall M secured by fh~ ?ien of thu
'~ortp+p~-
b. Th~t (a) in the ~vent of any broach of thh Mortysgs w defa~h on the part of the MORTGAGOR, or (b) in th~ event anr of aid sums of rtaney ~
herein referred to be nof promptly and fully paid within thirty (30) days next affer fhe same seve~aUy become due and payable, wFthovt demand or notite,
or W ln the event each and ~very the stip~latioe?s, agrecments, conditions ~nd covenanb of sa~d pran'~asory note and th~s mwtpape arhr or either are no1
~vly, prompNy snd fully perform~d, d~schar~ed, execvted. effected. compkred, complied with and abided Sy. ~hen in eithet or any such ~veot tM aid ag
pre~t~ wm mentianed in said promiuory note then remaining unpaid, with inferes~ accrucd, and atl moneys secvred hereby, shall become dw and p~y-
abk fwthwitly or thereaher, at the option of said MORTGAGEE, ~s fully and comple~ely as if all of the said wms of money were wigin~lly stipulated
ro be paid on 3uch day, anylhing in ssid pramiiswy no!e or in this Ntwtgage to the contrary ~otwithstanding; and t!?ereupon or tlieresher at the optFon of
ssid MpRTGAGEE, without notice a demsod, suit at law or in equity, therefo~e o~ thercafter be9un. may be proaecuted as if all mooeys secured hsreby
had matwed p~ior fo its irofitution.
7. ihst in tM event that at the beginning of or st any time pending any suit ~pon this Mlortgsge, w to foreclose it, a M nform It, or to e++forp
paym~nt of say c!a'a??s herevnde~ said MORTGAGEE shall apply to tF~e Carrt havinp jurisdiction thereof ior the appointment of s Receivc+, s~ch CwNt sh~ll
forthwith sppoint a receive~ of said mortgaged proQerty al) and singular, includug all and sirgvlu ths income, profib, iuues and nwenues from wt~ateve?
sa+roe derived, ead+ and every o( which, it beirg expressly understood, is hereby mo~~gaged as it specifically set fwth snd described in the pranting and
habendtHn cla~sas 1~eof. snd such Receiver shall have ill the brosd and effective funct~ons and powers in a~ywise entrusted by • Co~rt to a Receiver. and ~
such sppointmer?t shsll be made by wch Coun as an admitted eq~ity and a malter of abwlufe right to ssid MORTGAGEE, ~~d without refe~ence to ths ~
sdequscy or inadeq~racy of tF~e v~tue of the proper~y mortgaged or to the solvency or insolvency o( said MORTGAGOR or the defendants, and that such
rents profits, incane, iu~es ~nd revenues shall be applied by such Receiver according to the lien or equiry of s+id MORTGAGEE and the practioe of svch ;
CAwt.
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& To dvly, pramptly and tully perfam, d'uchsrge, execute, effett, complete, oomply with ud abide by each and every the stipulatio~s„ ~greements, ~
cond'dions snd covenants in said promissory note ar~d this mortgage set fwth.
9. That in the event the ownenhip of the mortgaged prem;aes, er any part thereof, becon?a vested in ~ perwn other thsn the MORTGAGOR, th~
MORTGAGEE, its successors and sssigns, may, wirhovt notice to the MORTGAOR, deal wilh strch successor w succeuw in interest with reference to tha
mort~~e ~nd the debt hereby secured in the same marxKr as with Mortgagor without in any way vitiatin~ w dixharging the Mortg~gon' liability here-
urwler or vpon the debt Ixreby secured. No ssle of the premises hereby mwtgaged and no forbearance on the part of the 1NORTGAGEE or itt successo~s
or suigm snd no extension of the. time tw the payment of ihe deb+ hereby ;rcured given by the MORTGAGEf or its succeswn ot auigns, ~hs~~ pp~rat~
to rele~se, discharye, modify thange a affQCt ths wiginal liability of the MURTGAGOR herein, either i~ whole a in part.
10. M is specifically agreed that time is of the essence of this cont~act a~d that no waiver of any obtigat~on hereunckr or oi the obligatio~ so-
cumd F~eteby shall at any fime fhertafler be held fo be a waiver oE the terms herieof or of the instrumenl secured herby,
11. In addiYan to the forego:ng monthly payments of print pal and imerest required by the promissory note secured hereby, mortgagor cpvenanh
and sgrees to pay to mortyagee with each monthly paymeM an addirional sum estimated by_ mortgagee to be eqval b 1/12 of the annual cost of the foltow-
ing:
a-an rea! piope»y laxes levied or asses3ed agai~st the above deuribed real estate.
B-Premi~ms on fire and windstorm inswance as herein reqv~red to be carried on the SmprovemecNs sit~ate en the above desvibed prem'~sea.
C-Premiums on such mortgage gwra~ty inwrar~ce as mortgagee shall from t~me to time deem fit ro tarry on the ban secvred F~eby,
Matgagee shall from time to time nafify mortgagor in writing of the amount due and payable herevnder and suth wm shall therevpon be dua snd
payabk on the due date of the next monthly payment and each successive mwith thereafter urtil mortgagee shall notify mortgagor of a change in such
amaunt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgsye guaranty insurance
pretniums. •
IN WITNESS WHEREOf, the ssid MORTGAGOR has hereunto set his hand and seal the day ~ ar fint afaaaid.
Sgne Sealed and rvere ~ the presenae of: {
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STATE OF FLORIDA ~ " '
courrnr oF ST • LiJC IE ~ ;
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s.fo.. m. p~son,~l~r ,ppea?aa Grace Grace , a widow }
- to me well known and known to me to b~
the individ~fr~ ~51~ w!a ~xeurled the forcgoirg instrument. ~nd actcnowledged bafore me that ~i~r executed the sarne fw the purposes
~i -
tFbrein ~ ,
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-;~wn?v~5 ~„1~:n~~~~«,t .4i d,y ~ Februar ~ p. tq 69
_ ~ ~Ui;t~~G v;
';;~j,:.:•. ~~~r` FILEO AND RECORDED ,ry P~aK in snd fw ths Stat~ of Fbrid~ at luy~
• . ~ . ,
ST. LUCIE COUNTY FlaMy Co^N^is+p^ expires:
Arst Fe&i~Sf~r~'twn ws~oc:at;on t~otup P~'it. State ol Horid~ ~t L~a
` ~ ,t/ +j~•~~'',,•' . ' i~ ~ C~~`~~•J? D .
ot F«r PK.c~. ~tr Co.~:aissio~ Exvires Sep~. 23.1969 ~
_ fwt Pierce. Fbrids '69 FE6 ~ ~ O• ~ b.e+d b Awic.. Nw i Gwir C+. j
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This Instrument P~epared By ROvE OITRAS
First ~ederal Savings b Coan AssociationCL~RK CiRCUfT COURT ~
• of Fort Pierce
Chedced By Robert L. Mar shal l, Jr .
BOOK ~~5 PAG~~~4~ . ~ ; r
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