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To pbn and contlnuously keep on th~ bvildinys now or M~~aflsr utu+t~ an said I~nd ~nd on ~II puip.:vnt and pKSOn~ily covK~d by this morp-
p~, with ~U prsmivm~ tF~~ p~id in full, fi~~ iiuuranu in tM us~~l i~u+dard policy fwm, in a wm approwd by the MORiGAGEE, ~nd wi~torm
inswanc+ tn tM ~swl sr~ndard pol~cy form, in • sum approv~d by tM MORIGAGEE, in wch company a comp~~ies ~~F» AAORTGAGEE m~y
dinclj anA aN fir~ aed wiaktorm inswince policies on any of said buiWinys, ~ny inttrtst 11+~rtin o~ put ;wrwf, in tM ap~rey~~~ sum afa~said o~
In ~xua Ihenof. sMll cont~in t!a uswl st~ndard mony~ clavs~ w such othar claus~ ~s rM AAatpapk may rpvin. makinp ths loss urxlN iaid pol}
c1a~, ~ach and eY~ry. p~Yabl~ to said MpRTGAGEE a~r ib inte~es~ rr?~Y +pp~a~. and each and ~very t~ch policy :.all b~ promRHy ass:q~ed and deliver~d to
+ny h~W bY taid MORiGAGEE aa fwtFwr secu~ity to s+id mortpaye debt, and. not ku thu? ten p0) days in sdvanc~ oi tl+~ ~:pkation oi ~ach policy. to d~.
livK to ~aid MWRTGAGEE ~ renewal thereof. topether wirh a mceipt fw the pemium of such r~newalj and then sMll b~ no f'ue a windi~«m insw~oc~
p~aad on ~ey of said b~il~nys, any i~te.ast tMr~ie w pa~t tAereof, unku tn tl+e fam and w~~h ~M bu p•y~bte as ~faes~ldt ~+d in tM ~wnt ~ny awn
of mon~y becanes p~yabl~ wxM~ such polky o~ policiss said MORTGAGEE shall haw thf optioe~ ro rece~~e and apply the same on moun~ of ~he u~d.b~ad~
neu aetv?sd hasby p to permH said MpRTGAGORS to receive ar+d ~se N w any part theroof fw otF~er pu~poses, wilhout the~eb/ waivi~~ w anpair
inp any pvity, lieo or rpht u~der w by virtw of this mortpsye; ~nd in ths went w~d MORTGAGORS shall fa any reawn fail to keep ths sa;d pr~m;saa so
, Inwred. p iaJl fp dtliva~ prompdy any of wid policies oi insurance !o aaid MpRTGAGEE, or fail promplly fo p~y fu11y arly premium therefor w in any
resp~et f~il b pKfor~n, discharge, execute, effect, comptete, comply with and abid~ by this covena~t, a sny part hereof, ssid MOltTGAGEE may pl~ u~d
pay for suth Insurarxt ot ~ny put thereof without w~ivinp or ~ffectifip ~ny option, tkn, equity, a right u~de~ or by vlrtw of Ihis Ma+tpap~ and tM
full amount of tach ~nd ~wry such payment sh~ll be inwnediately due and piyabls and shall bear interest from ths dah thereof until paid ~t tM rat~ oi
nine ptr p~tuen psr annum and topether with such intaest shall be sec~red by the lien of this mortyaye.
1. To permit, commit or wffK eo waste, impaumenl a detmioration of said prop~rfy or eny part ihereof.
5. To pay all ~nd drgutar tl+~ costs, chupes ~+d expe~ses, inctuding ~ ~easonsble anomay's fee ard cos~s of abahacts of titls, incuned or paid ~f
sny tim~ by ~aid MORTC~?GEE, b~c~use w in the eveM of the failuro on the psrt of the said MORTGAGOR to ~uly, promptly u+d fully perfon?~, d~scMro~,
execvt~. ~ffed. oomplet~. comply with and abide by each u+d every the stipulatior+s. agreements, conditiau. snd oovenanti of ss~d promdssory note and thia
mon~ap~ any or eithx, and said coa?s, cha,ges and expen~es, each and eve.y, thall be lmmediately dus aed p~yable; whe~he~ a nm rhere b~ no~ice da
mand, attempt to collect or suit pendingj srid the fvll amovnt of each and every s~ch psymenl shall bea. interest from the d~M thereoF ~rntil p~id at the '
rate oi nioe per centum per annum; and~ali said costs, chuges and expenses incwred or paid, togethn with auch interast, tFull bs a:cured by tM li~n of tha
'r~o~•
6. That (a) in the ewnt of any breach of this Mort9sge o~ default on the part of the MORTGAGOR, w(b) in the event sny of said wms of nwn~y
herein nferred to be not promptly and f~lly paid within thirty (30) days next aiter the same seve~atly become dcre and payabla, without demand o~ notite,
or (c) in the event e+ch and every the stipulations, agraemenn, conditions and covenann of said pran'~sswy note snd th~s mortg~q~ ~ny or e;tAer ~re ~ol
iuly, promptly ud fu11Y performed, d~scharged, executed, effected. completed. compl'ed with and abided ~iy. thee io eitF~ or sny s~ch eva+t the said ag
preyate wm mentbned in said promisao~y note then remaining unpaid, with iNerest acuued, and all moneys secured hereby. sMll becort~e due ~r?d pay-
able forthwith, w thereafter, at the option of said MORTGAGEE, es f~{ly and completely as i( alt of the said sums of money were oriyirully stiputated
to be paid on wch day, any~hirg in ssid promiuory note or i~ thia Ntwtgage fo the contrary ~otwithsta~ding; and thercupon a thereafter at the oplion of
said MORTGAGEE, without notice w demand, suit at law or in equity, there(ore a the?eafter beg~n, may be pros~cuted u if all ma~eys secursd hereby
had matured prior fo in insfitutia~.
7. That in the eveet that ~t the beginning of or ~t any time pending se?y wit ~pon this Mbrtgage, or ro#oreclose it, or ro reform it, or to enfo~q
peyment of any daims hereunder, said MpRTGAGEE shsll apply to the Couh havi~g jurisdidion thereof fw the appointmenl of a Receiver, wch Court shall
forthwith ~ppoint a nceiver of said mwtgaged pro~rty all and singular, includ~ng alI and singular the income, profits, iss~es and revsrwes from whatever
so~rc~ derived, each and every of which, it being expreuly understood, a!x?eby mongaged as if spec;fically set fath and described in the ~?anting and
habendum dauses hereof, afld 311C~1 RK!'IVCf shall have all the broad and effective funcnons and powers in anywise entrusted by a Gou?t to a eeceiver, and
such sppointment shall be made by wch Court as an admitted equiy and s matter oi absolute right to said MORiGAGfE, u~d wit?wut refe~ence ro th~ ,
adequacy or inadeqwty of the wlue of tlx property mortgayed or to the sohency or insolvency of said MQRTGAGOR or the defendants, ~nd Ihat such t
rcnts, profits, income. issues snd revenues shall be ~pplied by such Receiver according to the lien or equity oi taid MORTGAGEE and the pr~ctice of such
Court.
8. To dvly, pranptly and fully pe~fwm, dGscharge, execute, effect, complete, compty with and abide by each and every the stipulations, ~greerr~ts,
condit'ans snd covenants in said promissory note and this mortgage iet forth.
9. Thst in the eve~t the ownership of the mortgaged premises, or any pan thereof, becomq vested in • person other than the MORiGAGOR, tl+~
MORTGAGfE, its succeuas and auigns, may, wethout notice to the MORTGAOR, deal with such successa or tucceswr in interest wHh mfcrente to this
mwtpaQe and the debl he?eby secured in the ssme manner as with Mortgagor without i~ any way vitisYmg or discharging •the Mottgagors' Gabiliry he~e-
under w upon the debt hereby secured. No sate of the premises hereby mortgsged u+d no fwbterarxe on the part of the ~MORTGAGfE o~ its suocesaon
ar ~uig~n and no extnnio~ of the time fw the payment of the debt hereby secured given by the MpRTGAGEf or its successors or assig~q, ah~ll operate
to release, dischu~e, modify change or affect the orginal liabiliry oi the MORiGAGQR herein, either in whok a in part.
10. It is specifically agreed that time is of the essence of this tootrad and that no watver o~ any obligation hereund~r_ or ef the pb~iqatq~ K. ~
cured hersby shall st any time ther~after be held to be s waiver ot the terms hereof w of the instrwneM securcd herby,
add~tion to the forego:ng monthly payments of prin~ pal and ioterest requi~ed by the promissory note secured hereby, mort s ~
and agrees to pay with each monthly payment an addirional sum estimated by mwtgagee to be nua cosf of the follow-
ing:
A-All real poperty ta:es levied or auessed agains r' estafe.
B-Premium's on fire and windstorm insurance as herei to be carri rovemenri sit~ate on the sbove desai'bed pibtniks.
C-Premiums on such mortg~,ge guaran r~ce as matgagee sha11 f~om t~me to time deem ~ the (oae
"
Mortgagee shall from t' ~me noNfy mwtgagor in writi~g of the amounr due and psyabk hereunder snd sucfi ':}x
payable on the d o the next monthly payment and eath successive montF? thereafter ur.1i1 mortgsgee sha11 not; ' • -
amount. ums shall be applied by mortgagee roward the payment of real property taxes, insurarxe prem:ums ' 8~si~jh~y~•..inwrant ~
' ~ ; : .r ~ . . - • ~
IN WITN WHEREOF, the said MORTGAGOR h~s hereunto set his hand and seal the day .}s •
~ •^d r~N ~ of- FILEO AND RECORDEO _ ' : ~
ST, LUCtE COUNTY, ~A; _ ~
v • . .^.!'F' :~ri-t~C • ~~j :
~ ~
Attest: ~ ~
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1'75`798 ~ ~:aY ~.,t~ ~
STATE OF FLORIDA ' 13~ C~~~~~IT C~OUR~
I HEREBY CERTIFY, That on this day of arch , A.D. 19~_,
before me persor~ally appeared Robert E. ROSe and '4ar~ Ro~e
respettively President and Seuetary , of
I,iestqlen Corporation , a Florida Ccrporation, to me
known to be the persons deuribed in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mention~d~, Iy~f~.ihey
. ~ ,
affixed thereto the official seal of said corporation, and the said instrument is the ad and deed,~f
~~"l~ ~~atlon.
s. ~yr^ .
WITNESS my hand and officia! seal at Fort P;erce i~ t~ - :
, said count~r and state~ - ~
~
This instrument prepared by ~ -,lL.- ~r- ' • ; - • ~ ~
: ; Cj -
First Fede:a! Sav. & Loan A;sn Notary Public, in a '~1,~
of Fort Pierce My Commiuion ExMI?e~A i,~"
~y Tho~nas A. Driscoli ~„~~iWiXil'yl , , • ~r ~°~3_7Z-
`~r~~.~`._.__ .
C~d~d-ay
_ aaoK 176 ~~cE 783
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