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To pl~c~ ~nd contin~outy kNp o~ tl» buildinps now ot FNnaha dtu~» on saW land ~nd on ~II pvipm~nt ~nd pKton~~ly cova~d by thi~ mat¢
with dl pr~miwns ~h~r~on p~id in fuit, fu~ t~uwanct in ~M uwa! uandad pol;cy fam~, in a tum approv~d by ~M MORTGAGEE. ~nd wind~to~m
inau~anc~ tn tM uswl usndud pollcy fam, in • swn approv~d by ~M MORTGAGEE, in wch company o~ comp~nEa af tM MORiGAGEE may #
dindt ~nd ~II 8r~ ~nd winduorm ioswanp polici~~ on any of said bvitdugs. +u~y i~Nr~st thenie or pat tMreot, in th~ a~rep~~~ ~um afas~aid ar ~
in ~xc~~ss ~Mnof, shall cootairt the vsw! standard morrp~ clws~ or such other daus~ a IM Mort9apM may ~pu'a~, m~ki~p tM loss ~nda~ said po14
cies. ~ach ~nd ~wry. paYabk ro said MORTGi.GEE as its inta~st m~y app~ar. ~nd esch and ~wry ~uch policy shall b~ promptty ~u:yned u+d detirnrd to
any MW by said MORTGAGEE as furtl+K security ro said mortyay~ deb?, and, not ku than ten (10) dayt tn advanu of tM ~xpi~~tan of each pol'~cy. ro dr
IivN ro~aid MORTGAGEE • rMewal thsreof. torth~r witA ~ nc~ipt for tM p~Mnium of such renewalj ~,.d ther~ shall b~ ~o f'ae a windstam inw~~nc~
plspd on any of said buildin~s, sny interat tMr~in or p~~t tM~eof, vnlass in the form and with tM bss payabM +s aloressidl and in tM tva?1 any wen
of rtwn~y p~tana p~yab4 vewl~~ such pclity o? polici~s said MORTGAGEE shall haw tM option to receive and spply ths saen~ on acco~nt oi IM ind~bted~
neu s.~w~d h~.eby a a p.rmit said MORTGAGORS ro.eaiw and us~ it w ~ny ps~l the~eof fw othe~ purposes, without Ihr~eb~ waivi~~g or impair-
inp u?Y p~ity. li~n w ~ght ~ndN or by vi~tw of this morrqays; and i~ tM event ~aid MORTGAGORS shsll for ~ny r~aso~ fail to keep the said pnmises so
ins~rod, o~ fail to dslivN promptly ~ny of said policies of inwranq to said MORTGAGEE. w fail promptly 1o p~y fully ~ny pr~mium ti~erefor a in any
~eip~cf f~il w pKform, dixhary~. ~xacuts, ~ff~tl, camplet~, oomply wi~h and abid~ by thia covenant, or any part ht~eof, sakJ MORTGAGEE may plat~ •nd
pay for tuch Lawanc~ w~ny part th~reof without w~iviny a~ffectinp any opYan, lie~, pvity, o~ rigM under w by vi~tw of ~his Mo~t~aq~, ~nd 1M
full ~mouM of e+ch u?d ~vKy such paym~nt sMll b~ inwnedi~toly dw u~d payable ~nd shall bcar interest from ths dah thereof votii paid ~t tM rat~ of
nins pe~ centvm psr amum and toyether with wch int~re~t ihall be secund by 1M lisn of this mwt9ape.
4. To pamit, c~anredt or wf(er no wut~ impaLment or deteriowtan of ~aid prope~ty or any p~n the~eof.
S. To pay all ~nd sinpul~r tM cosn, ch+roea and ~xpens~s, ioclvdirg s resso~abk anor~ey i fee and cos~s of abstracts of title, incv~red w p~id at
any time by s~id MORTGAGEE. Mcwse w in th~ ewnt of th~ failwe on the pan of tM ssid lNORTGAGOR ro duty, prompNy snd fvlly perform, d~uh~~~R
execut~, ~fiec~, canpteq, comply with ar+d abid~ by ~ach and ~very the stipulations, s9reema+ts, co~di~ioos, and tovenants of said promiswry not~ ~nd this
mat9~ any or either. and aid cosn, cMrq~s ~nd txp~nses, each and every. sMll ba iinrnediately due ~~d payable; whether o~ not ther~ be notice de
mand, ~ttempt to colkct or wit pendin9; and tM fv~l amount of eacA and wery wch payment shall bea. interesl from the date thereof u~til psid at the
rare of nine per centum per annum; and all said cosri, char~ and expenses incurred or paid, toge~her w~th such inter~st, shall b~ secured br ti+~ li~n of tha
~9+D~•
6. Thaf In ths eve~t of ~ny breach of this Mort~s~ or defavtt oo the parf of the MORTGAGpR, a jb) in tFK ~vent any of said wms of mon~y
herein refe~rsd to be not p~omptly at~d fully psid within thirry (30) days nexl afta Ihe same severafly betome due snd p~yable. wiMw~t demu~d or nofic~.
or in the event each and every ~he stipula~ions, agr~amen», cond~tiau +nd coven~nb of s+~d promiuwy note and this mortpsge aoy w eitAer ars no1
iuly, promptly and fully pe~tonned, d~scharged. executed, effectad, c»mpl~ted, com~?lied with and ~bided by. tFan i~ either or ~ny such ~vent tF~ ssid p~
gregate wm mentioned in ssid promissory note then remainug unpaid, with intaest atcrued, a~d all moneys tetured hereby. shafl be~om~ due and p~y~
ebte fwthwith, or tF~esfter, at the option of said MORTGAGEE, as fully ~nd completely ~s if all of the wid wms of money were aiginally atipulated
~o be paid on sucA day, anything in ssid promiuory note or in thia Mort9a~e to the contrary rwtwithsta~ding; and thereupon or thcreafte~ at the opt'wn of
said MORTGAGEE. without notice w demand, wit at law or in aq~ity, thv:eforo or tlxresha begun, may be prosecuted u if ~It moneys secured hereby
had mstured prior ro in insriwrion.
7. That in the eveet that at tF~e beginnirg of or ~t any time pendiny any wit upon this Mwtgsge, or ro fweclose it, o? to reform it, w to enforp
payment of aoy claims hereund~r, said MORTGAGEE slull apply to the Ca?rt having jurisdiction thereof tor the appoiMment of a Receive~, such Court shali
forthwith appoiM a receiver of said mwtgayed proQe~ty all and sirgu~, Includmg all and s;ngulsr the income, profin; iuues and revenues from what~vet
source de?ived, each ~nd every of which, it beinp expretsly understood, is hercby morlgaged as if specif;cally set fath and desuibed in ths yrantiny and
habendwn clavses hereof, and such Receiver shall have all 1Fe brosd snd effectiva funct~ons and powers tn anywiss ent~usted by a Cou~1 !o a Receiver, ~nd
•uch appoinrment shall be made by such Cou?t as an admined equity and a mstter of absolute rigM ro said MORTGAGEE, ud without reference to tM
adequacy w inadeq~acy of the v~lue of the property mortgs9ed w to the wnrerxy o? inwlvency of said MORTGAGOR a the defendann, and thaf ;uch
rems, profits, income, i:sues and revenues shal! be applied by svch Receiver xcord~ng to the lien w equiy oi said MORTGAGEE u~d 1F~e pr~ctice of tuch
Courf.
8. 1o duty, promptly ~nd fully perform, d'ncharge, execute, cffect, compkte, comply with and abide by each and every the stipulations, agreemenq,
conditions and covenants in said promisso~y note and tha morfgage ser forth. - k
9. Thst in rhe event rhe ownenh' of the y pa perwn otlier than the MORTGAGOR, th~ ~
rp mortgaped premises, or an rt thereof, beco~rw:s ~tested in a
MpRTGAGEE, in wttessors and auigns, msy, without notite to the ARORTGAOR, deal with s~ch succeuw or successbr in interest with referente to this
mortgage snd the debt hercby secu~ed in the ssme tn~nrxr as with Mwtg~gor without in a~y way vFtiafirg q dixl~arging the Mwtgagon' liability hera-
under or upon the debt hereby secu~ed. No ssle of the premises hereby mwtgaged and no forbearance on the part of the MORiGAGEE or its suaesson
or assg~a and no exlension of the time fw tbe payment of the debt hereby secured given by d~e N10RiGAGE' or ih successors or ~ssigro, shall oper~t~
to releue, discharye, modify charge a affect the wiginal liability of the MORTGAGOR herein, eith[sr in whole or in parf.
10. It is specifically agreed that time is of the euence of this contr~ct and that ra waiver of any oblgatwe~ herevnder er of ths obliyation se~
cured hereby shall at any time thereafter be held to be ~ wsiver of the terms hereof w of the instrume~t secured herby.
In addition to the faego:ng monthly payments of print:pal and interest required by the promissory oote secured htreby, morfgagor covenan
and agrees to ortgagee with esch monthly payment an add~tional sum estimared by mortgsgee to be equal to 1/12 of the a~nual ow-
'ng:
A-All real property t~xes kvied w asses above deuribed real .
B-Premiums on fire and windstwm insurance as here+n r ried an the improvemer+ts situate o~ fhe above desuibed p?emises,
C-Premiums on :uch morfgage gw~sn as mortgagee shall irom time fit to carry on the (oan secured F?ereby.
Mortgagee sha!1 from tim notify mortgagor io writing of the amount due and psyable her such wm shall thereupon be due and
payable on the due t e next monthly payment and each s~?ccessive month thereafter until morigagee shall noh of a charge in sicle
amount. ums shall be applied by mwtgagee toward the p+yment of real p?operty taxes, insurance prem:ums, and mortgage g rance
ums.
IN WITHE55 WHEREOF, the said MORTGAGOR has F~ereunto set his hsnd and teal the day and year first aforesaid.
S' . Seakd and li in the p?esence of: Ln
. ~l/ ~ry
~h~ E
-
STATf OF FIORIDA ~
ST. UJCIE ~
courmr oF
jy{ppe John D. Hisl
Before m~ Ph
111 ,I . ~ !
yl s 1'~l S Op his wife, to me well known and krawn to me to bs
rhe individwb described in and who uecuted tfie fa~e o~~ instrument, ~ acknow{ed~ed befwe me that they executed the wme ~w tF+e purposes
ihtrein ~xpresfed. Md fM ~a~d PAj/ll~s I. ri1S10~3
w;f~ ~ ~ John D. Hislvp '
upon a aepar~ts a+d privat~
exam~nat~on by rnt take~ separatt and ~part from her said Avsband, aduwwktk3ed ro~nd befwe me that sl~e eaeeuted said initrume~?t freely ~nd volwr
rar~ly and w~tlw~rt any compubioo, constraint, appr~he~u;on, or feu of or from her s~id husbaRd
WITNESS my h~nd ~nd offidal seal th~+ day of rli ~ D. 19 69
Notary P~blic in and for tM Sin~ of Fbrida ~t lar~
My Comnoissiore e~epira:
Rtturn To: ,.r~tc~Nhp~~r..
fir» f~dtral Sarinps i lo~n Assotiation f~
or F«r v;~,~e. _i : ~ ~Ip C~wr~iM 6~iwf,S~t, 23, i96S
, ~ ~ C _ -
iort Pie~ce. Flaida . M~M~?•Awier Nr?i Crwb G.
, - - _ - F~I.Eb ANO RECORDEp~'
: ~ : . ~ - ; ST. LUCIE COUNTY, FL.A.
: :
This tnstrument Prepared By - _ ; ~ ; r ~ - ^ ~ ` ?7?~~1~
First Federol Savings b loan Association ~ ;
of Fort Pierce ~ • `
~ '69 APR 21 AM I I: 21 ~
/
Checked By John W, Collins ~
F
::O:-E'~. t'l)'TR.~
600K176 PAGE~71~ ~ ~~£RK CIRCUIT COURT
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