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3. To pl~n and continuov~y ke~p on the buitdinys now a h~reafee~ ~itvate on :s?d I~nd ~nd on +tl equipme~t ~nd pe?wn+lly cove~ed by thii mat~ !
with ~11 premiums tF?ereon paid in futl, lire in:uranc~ in tM ~~sual standard policy form, in • sum approvcd by the MORTGAGEE, aad windstorm
inwranct in the usud sundud po~~cy f«m, in s sum approved by ~he MORTGAGEE, in such company w compa~~es u~M MORTGAGEE may
dirKtt ~nd al) firt snd windslwm ins~rance policies on +~y of said build~nps. sny inlerest tharein w part thereof, in ths apyre9aq tum afo«taid w
i~ ~xast thereof. ~hall ca+tain tM uwal standa~d mortgagee clavse w such other clause ~s the Matgagee may requus, m+kir+p Ihe lou under said poli~
cia, esch and evcry, p+yabk ro said MORTGAGEE as itt intereit may appsa~, and each and every :uch policy shatl be promptly au:9ned and delivered to
~ny Mld by said MORTGAGEE as further setu~ity to said mortgaga debt, and, not leu than ~en (10) days in ad~ance of ths expir~tion of each polity, to d~-
':w? ro said MORTGAGEE a rentwal thereo(, to9ether with a recoipt for ~he pre~+ium of such renewal; and there shall be ra fire or windstorm insur~nce
plsc~d on aey of said buildings. sny intereif therein or part thereof, unless ?o the form and with the lou paYable as sfo~es+id; and in tM evsnl any sum ;
of money becomes pay+We unde~ such poliq w policies wid MORTGAGEE shall Fwve ~he option to receive and apply the same on account ot the indebted- ~
neu secvr~d he~eby o? M permit said MORTGAGORS to reteive and us~ it a any parl thereof for other purposes, w~thoul th_~eb~ waiving or ~mpair-
irg a~y aqviry, lian or ri~ht ~nde~ w by virhre of this mo:tgsge; and in ths event sa~d MORTGAGORS shall tor sny reason fail to keep the said premises so
intured, or fail W delive? promptly any of said pol~cies of iruurarxe ro ssid MORTGAGEE, a fail promptly to pay fully any premivm therefor a in any
re~~ect (ail ro perfaiq, dixha~ge, execute, effed, completa, comply with and sbide by th~s covenant, or any psrf hr~eof, ssid MORTGAGEE may pl~ce ~~+d
psy for tuch inwranct w sny part thereof w~thout waiving w affecting any option, lien. equ7ty, w right ursde? w by virtue of this Ma~ga~e, and the }
full amou~t of escA and wery :uch payment ahall be immediately due and paysble and sh~ll bea. interest from tM date ~F~eof until paid ~1 the rate ol ~
nine per ctntum pe~ annum and t~ether with such interest shall be secured by the lien of this mottgsge. ~
4. To ptrmtt, tort~mit or suffer no waste, impairment w deteriwation of said property w a~y part therrof.
S, To p~y all a~d sin9ular the coats, cha~ges and eapsnus, ~ncluding a reasonable attwney i fee and costs of abstracts of title, incurred or paid at
any time by wid MORTGAGEE, beta~se or in the event of the fa~lure on the pa.t of ~he said MORTGAGOR to duly, promp~ly and fully perform, d~xhargR
execute, effett, complete, comply with and ab:de by each and every rhe st~pulations, a9reemenrs, conditions, and covenants of sa+d promissory note and this
mortya~e any or either, and said cosn, charges and eapenses, each and every, shall be immediately due and payable; whether or not there be notice de~
mand, attempt to collecf w wit penc!irg; and the full amo~nt of each and every s~ch paymeM shall bear interest from the dale thereof until p~id at the
rate oF nine per centum per annum; anc! a!I said msts, charges and expenses incurred w paid, together with such interest, shall be secured by iM lien of tha
6. ihat (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, a(b) in the event any of ssid sums of mo+~ay =
herain referred to be not promptly and {ully paid withi~ thirty (30) days nexl after the same severatty become dve and payab!e, without demand o? notice, '
or (c) in fhe event each and every the stipulations, agreements, conditions and covenants of sa:d promiuory note and th~s mortgage any w either are oot
~uly, promptly and fully performed, d~uharged, executed, effected, completed, complied with and abided `ay, then in e~ther or any such event the said a¢
gregate ium mentioned in said pranissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay-
able fathwith, w tFKrea(ta, at the option of said MORTGAGEE, as fully and completely as i( afl of the said sums of money were originally s~ipulated
to be paid on such day, anything in sa~d promisso~y note or in this Mortgage ro the contrary notwithstanding; and thereupon or thereafter al the option of
said MORTGAGfE, without notice a demand, suit at law w in equity, thercfwe o? thereaiter begun, may be prosecvted as if all moneys secured hereby
had matwed pnw to its institution.
7. That in the event that at the beginn~ng of w at any time pending any wit upa+ this Mortgage, or to forccbse It, or to retorm it, w to enforcs
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereoF for the appo~ntment of a Receiver, such Court shall
fwthwith ~ppoiM a reteive? of said mortgaged property atl and siryular, includ~rg all and singular the income, p?ofits, issues and revenues from whataver
source derived, each and every of wh~ch, it being expressty understood, is hereby mwtgaged as if specitically set fwth and deuribed in the g?an~ing and
habrndum cla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, end
such appoi~tment shall be made by such Court as an admifted equity and a matter of absolute right to said MORTGAGEE, and without ~eference to the
adequacy a inadequaq of the value of the properry mortgaged or to the soivency o~ insotvency of sa~d MORTGAGOR w the defendann, and that such
rents, profiri, income, iuves and revenues shall be applied by such Receiver according to the lien or equity of said MORTGA6EE and the practice of such
Ca?rt.
8. To duly, promptly a~d futly perfwm, discharge, execute, efted, cornplete, comply with and abide by each and every the stipulations, agreements,
condif'~ora and covenants in said promiuory note and thls mortgage set fwth_
9. That in the event tF~e ownership of the mortgaged premises, o? any part thereaf, becomes vested in a person other than the MORTGAGOR, ths
MORTGAGEE, its succeuors and suigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with reference to this
mortg~ge and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating ot d~xharging the Mortgagors' liability htrr
under or upon tF?e debt hereby secured. Mo sals of the Fremises hereby mortgaged and no fwbearance on the part of the MORTGAGEE or iri s~rccessws
or augi+s and no extension of the time fw the payment of the deb~ he~cby secured given by tlx MORTGAGE'_ or its successors w assigns, slwlt operate
to release, discharge, rtadify cliange or affect the original liability of the MORTGAGOR herein, either in whole a in part.
10. It is spec~ficalty agreed that time is of Nx essence of this co~tract and that no waiver of any obtigatwn hereunder or of tha obligatio~ se- i
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby.
t
~-e rees to to mort a ee with each monthl ~ment an add~~ional sum estimated b mort a ee to be ual to 1 12 of the annual t - ~
PaY 9 9 Y PaY Y 9 9 e9 ~
'ng:
A-All real property vied or assessed aga~~st the above dex~~bed real estate. '
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B-Premiums on fire and windstorm ~ as here7n requ~red to be carried o roveme~ts situate on the above desvibed premises.
C-Premiums on such mdtgage guaranty insurar,ce a rom time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time norify m m writing o nt due and payable hereunder and such sum shall thereupon be due and
; payable on the due date of the ne . payrneM and each successive month ur.til mortgagee sball notify mortgagor of a change in wch
I amount. Such sums p ieSj by mortgagee toward the payment of real property taxes, i prem.ums, and mortgage guaranty insurante
~ premiu
j IN WITNESS HEREOF, e said RIGAGOR has hereunto set his hand and seal the day and yeat firsf afaesai .
Signed~ Se a ed Q grsence of: ~t ~ `
•s~,~ csNn ~
0
~ ~ J n.~q
rse.q
STATE OF fLORIDA ~
St. Lucie ~
courm oF
Sefae me persa~ally appeared Car~ i': . H1Ck5
Helen Z. H1CkS his wife, to me well krawn and known to me to be
the i~diridwb described in and who executed the foregang instrument, and acknowledged before me that they executed the same for the pu~pose~
therein e:p~essed. And tl+e wiJ Helen H1CkS ~
M,;fe CB,rl W. HiCks ~ upon a separats and priwt~
examiMtion by me taken separate a~d spart from her ssid husband, ackrwwledged to and before me that she executed s~id irutr~ment freely and volun-
tarily and withovt any compulieon, constraint, apprehensi feu of w from her said husband.
WITNESS my hand ~nd official seal thi~ J~~ day o Febr Y A. D. 19 69
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~ FILED AND RECO ~ /
~ ST. LUCIE COUNT . No ary Public in +nd fw the St~te of Fbrida ~t larye
` ~ n F Q ~ ~ My Commiuion eapires: , ~ ~
Retu?n To:
Fint fldQ~a~ $iViflgf b ~Oall ASfOti~tiOf1 ~u ~~~liart~ ~J3~lu~ .~i~iv~t Gt F:.J::~~.ti h~ ~A~i~
Of Fort P~erce. / t~1Y COM~tiSS~Ori ExPinES r.;v. . 2~~ ~y~t
69 fEB 20 PN I s ~HDEO 711ROUGN FNED N~ ~1~E~TELNOR,.
Fwt Pierce, flo.ids ~ • . . .
1'74.~31 - '
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~cOGCR ?•01TRAS ~ : ~ .
This Instrument Prepared By CLERK CIRCUIT COURT' .
First Federal Savings b Loan Assoaation ~
of Fort Pierce . .
Checked By .T..~ ~ t•• ~ n
- ~K~.75 ~~44 ~ .
go
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