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S. To plac~ and continuo~sly kt~p on th: i~uildinp~ now a M+~+ft~r ~itvat~ on Nid I~nd u+d on ~II equipmMt ~nd pt~anally cova~d by thi~ nwrfp~
ap~ with d1 pa+niums thereo~ p~id 'a+ full, fin inswu+a in tM vswi seandwd poti~y form, in a ~um ~pprowd by the MORTGAGEE, and wind~form
Inswanc~ M t~ usual seanda.d policy iam, in ~ wen app~oved by d+~ MORTGAGEE, in wch company or canpse?ia a tl» MORTGAGEE ~y
dinctt and all fin and windstorm ir?swano~ polic~es oa ~ny of said buildte~„ ~ny IeiNest ~Fw~ein or put tM~wf, in Il+s a~yre~+» wm afae~+fd a
In ~xcws the~wf. ~hall ca+qin tM wwl it~+d«d mo~p+~+ ci~ua~ w wch o~ha clw~ ~s tM Mo.tpaqe~ may rp~a~. n?+kinp tM loss vnd~+ a+id po1}
ci~s. ~ach and ~very. p+Yabl~ a s+id MOR~v~GEE as ib intarest may app~ar. ud ~+ch ++~d ~vwY s~ch policy ~hall b~ promptly ass:~nad and d~liwr~d ro
~ny MW by aid MORTGAGEE as funhu secu~ity ro s~id mort9a~~ deb~, u+J, not ku than t~n (10) d+ys in ~dv+nc~ of tlw ~apiratio~ of ~ach polity, to d~
IivN ro asid MORTGAGEE a r~newal tl+Keof. top~tl~ wi~h a receipt fa ths premium of wch ~enewalj u+d tl+sn ~hall b~ no fi~e or wir?dstam inw~anc~
pl~pd on ~ny of said buildinps. ~ny intarat tM+~in a put thenof, uniess tn tM iwm ~nd wi~h ~M loss payabl~ as ~iw~saidr w+d In rM ~wM any wm
of ma~ey becomes p+yabl~ undN such policy o~ policies s+id MORTGAGEE :hall Mw tM op~ion ro receivs and apply the sam~ on accouM of th~ i~d~bted~
neu secw~d hsrebp a ro pamit s~id MORTGAGORS to reeeiva ud us~ it a any part thereo) fw olher purposet, wilFw~t lhaeb/ waivi~y o~ ~mp~ir
inp anr puity, lien or right ~~der a by virtw of this mortyapr, and in tM event s~id MORTGAGORS sMll fot a~y reason fail to kesp the ~+id premisea w
insured, or faH to detiver promptly sny of taid pol~icies of iniurante to said N10RTGAGfE, w fail prompdy to pay fullv any premium ther~fw or in an~
reipect fafl b pK(wen, discharqe. execvte. ~ffect. camplete. comply with ~.d abid~ by this covenant, a any part Mrsof, ssid MORTGAGEE may plao~ and
paY for such G+surano~ w any part ti~sof without waivinp w affactinp u~y op?ion, lie», eqvity. or rght unde? w by vi~tw of tMs Mwt~s~e. and the
full smow~t of ssch and every such paym~nt shall b~ imrnediately dw and payable ~nd shall besr int~vest from ths date thereoF w+tit paid ~1 tM rate of
nine per centum pK annum and together wifh wch intsre~t shall be secured by tM tien of this mort~sge.
4. To psrmit~ oommit or iuffer no was», knpairment or deterioratan of said propary or a~y p+rt thereof.
S. To pay ~II ~+d skgul~r the cosn, chsrpes ~+d aep~nses, including a ressonabk anorn~y's fe~ and costs of abstracn of title. incwred w p+~d at
any time by said MORTGAGEE. becavse a in ths ~wnt of 1M failure on the parf of Ihe said MORTGAGOR to d~lY. promptly u~d f~lly pe~iorm. d~scAu~e~
sxecut~. ~tfcct. complett, compty w~th and ab:d. yy exh and every the stipul~t~ons, apreements, conditions. and covenann of said promisswy note and this
mortyap~ any or ei~l?er. ~nd sa~d costs, chuyes a~d expee?ses, each and every, sMll be immedialely due and payable: whether or ~at tha~ be notice da
mand, ~tt~+npt ro mllect or wit ~x~ding; and the fvll amount of each and every svch paymem ahall bear interest from the dat~ thtreof until paid a1 the
rate of nirK pe? tMtum pe~ anuum; and all said tosts, CMr~es a~d expenses incvrred o? paid. togethsr with such interest, shall b~ s~cvted br tFN lien of Mif
mort~~.
6. TMt (a) i~ the event of any bresch of thb Mwtga~e w defa~lt on tM part of the MORTGAGOR, w(b) in the event any of s~~d swm of money
herein rofared ro be ral promptly ard fully paid within thirty (30) days next afte? the same severatly become due and pay+bk, without dsma~d or ~otics,
or i~ the eveM e~ch ~~d every the s?ipulations, agreements, tonditions and coven+nts of sa~d promiswry rate and this mrortgape any o? ather are nol
~uly. promptly ~~+d fvlly perfwmed, d~sdwrged, eaecuted, sffected, compteted, compfad with ~nd abided by, then in either or a~y a~ch ~ve~t tl+~ said ag
greg~te wm me~tansd in s+id promissory note then remainirg urpaid. with interest sccrued. and ali moneya sec~~ed hcreby, shall become dw and pay~
able forthwith, or thereafta, at the option of said MORTGAGEE, ss fully and completely as ii sll of the said sums of money wen originally stipulated
to be pald on such day, anything in said promissory note er in tha Mortgage to the contrary notwithsta~,ding; and theraupoo or the~eahsr at tM option of
said MORTGAGEE, wi~hout norice o. damand, wit st law or tn equity, therefore or theresher begun, may be prosecuted u if ~II rnooeys seau~d hareby
had matuted prior to its inatitWion. .
7. Thst in the evcnt thst at the begiry+i~g of or ~t u~y time pe~ding ~ny wit ~pon this Mortgsge, or to foreclose it, ~o[ to reform it, o~ to enfora
psYment of any claims he.eunder, said MOR?~'-AGEE shall apply to the Court having jurisdittwn thereof icr the sppointment of a I~eteiver, such Coun shsll
Fathwith ~ppoinl a receirer oi said mwt9~ged prqxrty all snd sirgular, includ~ng all and singvlar the i~ome, profiri, iuues and reva+?ves from whatever
source derived, each and eve~y of which, it beinp expreuly undcrstood, is hneby mortgaged as if spec~fic~lly set fwth and destribed io tM y~+ntinp and
habendum clauses hereof, and such Receiva shall Mve all tt+e boad and effecrive functions and powc~s in enywise enuwted by a Co~rt to a Receiver, +nd
svch appointme~r :hall be made by wch Court as +n ~dmitted equity and a matter of absolut2' rigM fo seid MORTGAGEE, ~nd without reference ro ths
adeqvsty w inadequacy of the value of the property matg+ged or to the wNency a insolvency of said MORTGAGOR Qr the defendann, a~d that such
reros, profits, income, issues ~nd reveoues shail be ~pplied by such Receiver accord~ng to ths lien or:e~iry of said MORTGACaEE and tM practica of such
,
Court. , ~ •
8. To duly. promptly ~nd fully periwm. ~xharge, execute. effect, complete, comply with snd abide by each ar+d every the stipulations, ag~eemenri,
conditior?s ~nd cover~ants in said promiaswy note aru! tha mwtgage set fwth.
9. TMt in the event the ownership of the mortgaged premises, a sny part thereof, becomes vested in a penon other than tM MORTGAGOR, th~
MORTGAGEE, irs succeuon and auigns, may, without notice to the MORTGAOR, deal with such suaessor a successw in interest with refereoce ro thia
mortgaye and tFk deb~ hereby secured in the same msmer as with Mortgagor without in any way vitiatiny w discharging the Mortyagors' liability here-
under a upo~ the debt hereby secured. No sale of the premises hereby mortg~gcd snd oo fwbearance on the part of the /NORTGAGEE or iri svaessors
or augns and no extens~on of the tirrK fw the paymeM of the debt hereby secured yiven by the MORTGAGEf w its wccessors or au;yes, shsll operate
ro rekas~, discharye, modify charge a afiect tha wginal liability of the MORTGAGOR herein, either io whole o? in part.
10. It is spet~fically agreed thst time is of the esscnce of this contract and that no waiver of any obliyation herevntkr or of ths obligation se-
, cured h~reby sMll at any time thereafier be he{d to be a waiver of the terms hereof w of the instrument sewred herby.
1 addition to the forego:ng monthly payments of princ'pal and interesf required by the p~omissory nole setu~ed here r covrnanfs
and agrees 1o p a ee with each monthly payment an addi~ionsl sum estimared by mortgagee to be equal t e annual cost of the follow-
A-All real property taxes levied or assessed aga ve described a
B-Premiums on fire and windstwm inwrance as herein r on the improvements situate on the above desuibed ptemises.
C-Premiums on such mortgage guaron ~ce as mortgagee shall from time to rd~C m fit to carry on the loan setured hereby.
Morigagee shail f?om ti me notify mortgagor in writing of the amouM due and payabls~t ~nd_ such sum shall thereupon be due and
payoble on the due the next monthly paymeM and each sutcessive month thereafrer ur.til mortgagee ahsll~ agw of s thsrge in such
amount. ums shall be applied by mortgagee toward the paymsnt of real property taxes, insurance prem;ums, and mo~tg ~-g anty inwr~nce
s. -
IN WITNE55 WNEREOF, the ssid MORiGAGOR h~s hereunto set his Iwnd and seal the day and year first aforesaid.
i~ ign Sested an deli r e the preaence of: , .
i ~'.f~"1 91~_ ~c~~r~cc.- csN~
~
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~ rs.,q
STATE OF fIORIDA ~
S5.
~Q~~ ~ St.i.ucie
6~fore me p~rsonaliy sppesred Elsi:. M. Sehwier, A Widow ~
6is.rci(e, ro me well known ~nd known to me to b~
the individwl~ deuribed in and who ~xsc~ted tM fora9oiny instrumem, and acknowledged before me tMt ~I~e~r executed the same for the pwposes
therein ~xpressed. -~Ind ~lw~aaid S~@
wi4-Yf.1lr-wd ~P~'~'~~P~w +~P~ww
l~cM11iM~1~~"fMl~N~l~? M*MaN• Y1+ ?~~~OIM~IMF M~~MI!`M1+~~~~~ ~1~~~~/f ~f1M~fl~~l? ~N ~MNW~iN~ YMfM111N1L ~fMly~iML YOMM~
Nrilr ~II~A1/i1~MJF ~f~~MpY~~MM lMfMNN11 ~/l~MfiOrlr ~{~M~ M-~MO/:•Mt~Mi~ ~i1~`iM~
s WITNESS my ha~d ~nd officual seal thK -2S day of Yil A. 0. 19-~_ i
a i
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~ . F~~p AND RECOROED '
~ C~ U f:7Y. F L A. riw~ry v~biK .~+a ia ~h. sua ~ F~ui :
~ 5T_~
pC
RO VE My c~~c«, .x~.~.: /L -3~~?.'<••;~_~~'_,:-; t
Return Ta
Fint fed~ral Savinps i loan Associat~on I~~~ 110TAR~ WdUG. =TATE Of flOw10A w U~'•. S
Of Fwt P~e.ce. 1kY COMMISSION EXPIR~S DEC. -~.t n+,~-
pN D t D 1 N w O Y~ M F R E D M. D I[ l T~ Y
O
Fwt Pierte. Florida ~_w • ~ r; r_.
~w APR 18 ~!1 I1. (y~ ~~-3-~~ ' ~•`a ~
~ . " O
rv-
This Instr~ment Prepared 8y ROGEI~ p'OIj~AS ~~..F, .
~ First Federol Savings d~ loan As~.q~i~lir~litCtllT CO~T
of Fort Pierce
Chedced By 7_~- ti,~ c ta i n .
gooK ~.77 ~ ~9~5
~ . . . . ~ ~ ~f
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