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3. To plap and continuousy kNp on 1M buildinp~ now a M«ahK sitvat~ on saW I~nd and oe ~II equipn?tnt u?d p~non~tly covNed by thii mort9.
ap~, with all pnmivrtu tM~wn p~id in full. fin intw~nca 1n th~ uiwl st~ndud policy fwm, in a twn approved by 1M MORiGAGEE. ~nd w'ukbtorm
inwr~ in tM viw! itanda~d policy fani, In • ium ~pprowd by tM MORTGJIGEE, in wch company w compania a th~ MORTGACsEE nuy
dinctt ~nd ~II fir~ ~nd winds?wm inwrana policie~ on any of said buildinps. any intenit thsrein o~ put 1i+~reof, (n ti» spqrey~q aum aFo~esaid or
in ucass tM~wf, shatl tont~in tl+~ usuaf standud mortQap~ clavit a such otha cl~v~ ~s tM Nbrtgsp~e may requi~~, makiap ti+~ iws undN said poli~
cies. tach a~d ~v~?y. p~Y~bb b aid MORTGAGEE a its ie+terett m~Y app~ar. and each and ~wry i~ch poiiq ~hall b~ promptly aa:9ned ~nd d~Uver~d to '
~ny Mld by s~id 1MORTGAGEE a funMr security to s~id mat~sp~ deW, and, nw kss tMn ~en (10) days in advanc~ of ths ~apuaion of sach policy, to d~
liv~r to said MpRTGAGEE •~~newai IMr~of, toyetMr with a rsc~ipt for ths p?~miwn of tuch renewalj ar~d then shsll bt ~o fus or windstam insuranc~
plapd an ~ny of wid bulldinps. ~ny interssl thK~in a p+n tMnof, unkss To the form a~+d with tM loss paysble ss ~fwe~aid; ~nd io rM .~.ne ,ny w~,
of monty becoen~s p~yabl~ vndM such policy or pdici~s sald !MORTGAGEE sl~all Mw ths optio~ 1o receive and apply the s~mt on accw?nt of tM indebted-
neu secvred Mnby w b permit wid MORTGAGORS ro noeiw and w~ it or any part thereof for othe? pyrposes, without thereb/ waivi~y or impair-
inp ~ny puity, I~ a rqh~ w+dar o~ by vtrn,. of r1?a morr~.ysr and tn rM .ven~ sa~d MORTGaGpRS shat! !o. any reason fatl ro ke.p ~he sad premiu~ w
inw~sd, a fail b dNivsr promptly ~y of Hid polities of inswanu b s~id MORTGAGEE, w fail promptly to pay fully ~ny premium therefor a in sny
respect fail to pertonn, dixMr~e. ~xecut~, ~ff~ct, campl~t~, coenply with aod abide by this covenint, w ~~y pa„ hereof, s~id MORTGAGEE may plac~ a~d
paY fa such Inwrar?t~ w a+y part thtrtof without waivtnp w~ff~dlnp u~y opYan, U~n, eqaty, o? right ~nde? a by virtut of this Mwtpa~. ~r+d tht ~
full smount of sach and ~wry such p~yen~nt sMll b~ im~ndiately dw and pyabl~ ~nd ahall bea~ interest from the d~te the~eof un~il paid at tiw r~ta ot
n~ne per centum pe? annum and topelha with such i~terest sTull be ~ecured by fht lien of this matyage.
I. To p~rmit, commit or wfier no wasts, ienpairrt~ent or det~aioration of ~a;d p~op~?ty o~ any pa?t t!?ereof. i
S. To p~y a!1 and tinpvla the co~ti, ehupes ~nd ~xp~niet. includin~ • reasonabte ~ttor~ey's fee and costs of abstrscy of title, ie~rred a p~id ~t ~
any tims by said 1NpRTGAGfE. becwse a in tM ~wnt of th~ failwe on the paN of IM said MORTGAGOR to dvly, promptly and f~lly perform, d~uharqe, ~
execvt~, ~ifea, oompkt~, comply w;th and abide by e+ch ~nd every the stipvlat~a?~, ag~eaments, co~ditio~?~„ and covensnts of said promissory note and ~his ~
n+ortgay~ ~~ryr or eitMr, and said costs, ch~r9es and ~xpenses, each and every, shall b~ immediately d~s and payable; whe~he~ w rat ~here be no~ice da
mand, mempt to collett or wit ~endinpj and tM full anau~t of esch and every such paymeot sh~tl bear interest from the da~e thereoi un?il pakJ d the
rare oi r?ine per tentum per an~um; and ~Il said co:n. charpes and expa,us incwred or p~id. togather with such inte~est, shall b~ secv~ed by tM lien of this
^+orW+pt•
6. TMt (a) in the ~wnt of any breach of thts Mortga~~ or default o~ the psn of the MORiGAGOR, w(b) in the event ~ny of se~d sums of mo~y
herein retened ro be not promprly and fully p~id within thbty (30) days next aiter tF+e same severally become due and payable. wi~hou~ demand w notice.
w(~ in the event each and every the stipulations„ sgraernenri, owxlitions and covenanh oE said promiuory nole and th~~ mortgape any o? either are no1
iuly, p?omptly and fullY perfwm~d, d~scMr~ed. executad, ~ffected, eanplered, complied wi~A and abided by, then in either ar any such ~vent th~ asid a~
greg~t~ sum me~Yaned in taid promiuory note then remsin'ug unpaid, with interest accrued, and all mo~eys secured Mreby. sh~ll becoa?e dus and pay- ~
able forthwith, o~ thercsRer, at tM option of said MORTGAGEE, u fully a~d compktely as if all of the said svma of money wero oriyinally itipulated
to be paid on suth day, anyti?ing in said piomiuory note or in thii Matpspe to the tontr~ry notwithsta~+ding: arxl thereupon or ;hereafter at the option of
iaid MORTGAGEE, without noticr w dem~~d, wit at law or in puiry, therefae or thereaher begun, msy be prosecuted u if ~II ma~eys secvred hereby
had matu.ed Pnor ro in instiwt~on.
7. Th~t in tha evcnt that at the beginning of p st any time pend'n~ sny wit upon this Mortgsge, w to fweclose iL or to ~eform it, o? to e~forq
payment of aoy cls~ms hereuader, said MORTGAGEE sMll spply to the Cwrt Mving jaisd~ctan thereof fw the appointment of a Receiver, s~ch Coun shall
forthwith ~ppoint a rcceiver of said monyaged proQerty atl a~d sinp~lu, inctud~~g all and singular the ineome, p~ofits, iuues and revenues from whatever
wurce de?ived, eath and every of wFiich, it being ezpressly underttood, is Fxreby mortgaged as if specifically set fath and desuibed in the ptanti~y and
habe~dum clauses he~eof, and wch Reoeiver ahall Mve all the brwd ~rw! effective functiau and powers in anywise entrusted by a Court to a Rcceiver, and
such appoFntment shall be rrwde by such Cowt as an admitteJ eqviry aod a matter of absolwe ~i9ht to said MORiGAGEE, and withow reference to the
adequscy a tnadequacy of the wlue of the prope.ty mo.~gaged or to the sonrcncy or insolvency of said MORTGAGOR p the defendanq, and that svch
renn, profits, income, issues and revenves shali be ~pplied by wch Receiver accwding to the I+ee a equity of sa;d MORTGAGEE and tFro practice of such
Court.
8. To dulY. prompth and fully perform, d'ncharge, execute, effect, complete, comply wifh snd ab~de by each and every ths stipu~T'aToos, agreemc~y, 1
c~tions ~nd covenants in aid promissory ~ota and this mortgay~ set forth.
9. That in the event fhe awnenhip of ths morrgeyed premises, or any part thereof, betomq vested in s penon other ihan the MORTGAGOR, ths ~
MpRTGAGEE, iri successors and euigns, msy, without noYice to the MQRTGAOR, deal with such sutcessor p succeisot in interesf with reference to this ~
mortgage and the deb~ hereby secored in the s~me ma~ner ~s with Mortgsgor withovt in sny way vitiating or dischs~girg the Mortgagors' liability here-
under or upa+ the debt hereby secured. No sale o6 the premises hereby mwt9aged and no fwbeannce on the pan of the NIORTGAGEE a its successon
w sugrn and no extensia~ of the time fw the psyment of the debt hereby secured given by the MORTGAGEf or its successors or assigM, ahall operate
to release, discharye, modif~r change or effect the origina! liabiliry of the MORTGAGOR herein, ei1}~sr in whde or in part.
t0. It is specifically agreed that tims is of the essence of this contract and thst no waiver of any obf',gaYwn hereunder or of the obligation sa-
cured hersby shstl at sny time thereafter be heW to be ~ w~iver of the terms hereof or of tl+e instrumeM secured her6y.
1 In addition to the fwego:ng nwntMy psyments of print:pal and iMerest required by the promissory note sec~red hereby, mart a
and agrees mortgsgee with each monthly payment an additional sum estimated by mortgsgee to be equal to 1/12 of cost of the foilow-
ing:
A-All real properfy taxes kvied w a ainst the above dexribed real es
B-Premiums on fire and windstorm inswance as herem ned o~ the improvements sifuate on tl~e above described premises. 4
C-Premiums on such mortgage gvaranry ir~surants gsgee s)w11 from , ' e deem fi1 to carry oa the loan secured hereby.
Martgagee shall from time to ti ' gagor in writing of the s~nount due and paya e r and such wm shal~ thereupon be due and
payable on the due date of monthly payment and each suarssive.month thereafter ur,til m~rtgagee s a ' mortgagw of a cha~ge i~ svch
amount. Such . applied by mortgagee toward the payment of rea) property taxes, insurarxe prem:ums, and mo ant inwrance
pre ' .
IM WITNESS WHEREOF, the said MORTGAGOR has hereumo set his hand and seal the day snd year fint sforesaid.
iyned. Seakd ~nd 'vered in the presenoe of: -
~
a~
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~+Q
M-~I~
- ~-n
S7ATE OF FtORtDA ~
COUNTY OF - S~. I_uCiP_ ~
eef«e me pen«~atly ,pp.ued G. G. S loan
Thelma B. Sloan hia wifc, to me wel! known and known to me to bs i
the indiriduab desvibed in and w1a ~xecwed the faeyarg instrument, arn! ackrww{edged before me that they executed the same for the pwrpwes
, rh~.~u, .xpre„ea. M,a rr,. ,,;a Thelma B. Sloan
, wife of the said G. G. SZOaA irpun a teparaie and pnv~t~
examinaYan a f11Q 1iI[M !lPifile snd apart from her ssid M~sban,d, xlcrwwledged to and before ms that she executed said iratnrment freely and volurr
rerily and w;thout any compulsio~, oor~straint, ~ppre~°~ or har of or from her said husbsnd,
WITNESS my h~nd and official seal this ~+//~~J'i day 1 A 19 69
i
Retum Ta pNp RECO~~E~iy~Gommasan exp~res: the State of Flw~da ~t lupe -
N• !
F1CED ~ C „ Pabic, 3tate of F~ori~ at `
Rnt Federal Savinps a loan Aswciatan c_-r. LUC1_ ,~UNjY~'1
' ^ f~ ~ ~ ~AWANSSION ~Ipq~ ~t~l ~S, ~ `
Of Fwt Pierce.
Fott Pierce. Florida ~ ~dN b A~kr i'w l~~eri.Ci.
• 48
=69 APR ZZ tR • . _ . ;
This Instrument Pre ared B ``,\`~,:",,t _
First Federa) Savings ~ lo~an Aswciation : f~. ^ p.•p,~~i::~5 RT •~y ~r~ _
of Fort Pierce • 'C~~~~~T COU ,r~
~~FR~ - C-: =
G ,y '
Checked By J. Collins -
. . . ~ = -
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~oax176 PACE2804 ~~1~-~~ ~ ~~~~~~r ~
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