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3. To ptan and continuously k~p on th~ build~nps now a hKe~h~r ~ituaN on s~id land and on ~11 equipm~nt and pa~onilly cov~nd by thi~ matp~
with all premivms ther~on p~id in full, fir~ inwru?c~ in ths usual standerd policy form, in a ~um ~pprowd by rhr MORTGAGEF, and wir~dstam
insw~nc~ in tM ~swl uanda~d pof~cy fwm. in ~ wm app?owd by tM MORTGAGEE, in wch company or compa~i~s p~M MORTGAGEE n+ay
dinctt +~d ~II tir~ ~nd wind~twm inwrana polici~s on any of taid buildlnpt„ any intK~st fhaein o~ part tM~~of, 1n tFr +~g~p+t~ awn ~for~pid or
1~ excas tMreof. ~hall conbin tM vawl :tandud monpsp» ciaw~ o? wcA o~Mr davs~ u tM Mo.tpage~ may ~eqvin, makirp th~ loss said polb
ci~s. txh and ~wry. paYabl~ fo said MORTGAGEE a~ ib iMaht nwy appsar. and each and ~v~y tud+ policy th~ll b~ promptly ais:yned and dslivtred to
~ny h~W by ~id MORTGAGEE es fwthK iecvrity ro s~id morty~ d~bt, and, not ka th+~ ~en (IO) days in adv~nc~ of tM eaptration of each pol;cy. ro dr
liw~ to s~id MQRTGAGEE a ~~newal the~eoi. top~tAN with • nttipt for tM prr.r.iwn of wd~ r~newa~; ar+d ther~ sMll b~ np fire w windstwm InwiuK~
pl+nd on any of said buildirys, ~ey interest therein or psn thKaof, unl~ss in tht form and with tM loss pay~bl~ u afwesiidj end in tM ~vsnt any wm
of mc+ity becpn~s p~yabl~ ~~de~ wch policy or pol;ci~s ssid MpRTGAGfE ahalf haw tA~ option w ~eceiv~ and ~pply fhe ssm~ o~ ~ccovm of tM ind~bted~
ness secv~~d Mt~by w ro patmit said MORTGAGORS ro rectiw snd ut~ N a any put thereof fw othc~ purposes, without thaeb~ waivi~~y u un~air-
irg ~?y p~ity, lien or riyM uodar or by vinw of rhis morrqaq.j and in ~M ~ve++~ s+d MORTGAGORS shalt iw ~~y r•ason fait ro keep ~h. said p.em+sa so
insurtd. or fail to detivtr promptly any of ~aid policks of i~wu~p b pid MORTGAGEE, or fail promptly to pay fully any p?emium ther~fw or in ~nY
respect fall b pafonn, d'+xharya, ~x~cut~, ~ff~cf, complete, comply with and ~Wd~ by th~s coven~nt, or any psrt Mnof~ ssid MORTGAGEE inay pl~p ~nd
PaY fa s~d~ irow+oo~ or +ny put th~reof witiq~t walvinp or sffsdkg aey option, lien, puiry, or righ~ under or by virtw of this Mat~sq~, ~nd tM
full amoum of e+ch and ewry sixh paymsnt sMll bt imcnediattly dw and payabl~ snd ~F?all besr intereit from ths dat~ thrreof u~til paid at tM ~a» oi
nine per ce~rvm per ~nrwm and together with sucA u+rerest th~ll bs secvr~d by t!k lieo af this mort~age.
1. To pKmit, ooewnit or suffa no wuts. 4nwirment w cktKioratio~ of said propeAy or a~y part tAereof.
S. To psy aIl ar+d sinyut~r the costs, tharpes and experuss, includ'erg t?sasonabls anorney's fee u~d costs of abstratls of titl~, i~cvrred or paid ~t
any time by said MORTGAGEE, beuuse a M the tvrnt of ths failwe on th~ psrt of the safd MORTGAGOR ro duly, prompNy snd fvlly perform~ d~ach~rg~
execvt~, eif~ct, compkt~. canply with and abid~ by each snd every ths stipula~ion~„ a9rcements, caxtitians, u+d eove~anb of u+d p.omissory nots and this
mortyap~ any a eithai, and sa;d costs, cha?pes and experws, each and ~very, sMtl b~ immed»tely dw ~nd p~yabk; whethe~ o~ not ther~ be notice dr
mand, attempl to tolkct or suit pendinyj ~nd tM full amo~r?t of eat1~ and every wch psyment shall bear interest f~om the date thereof until paid N the
rate of nine per centum per an~wm; a~d all said mstt, c1+afQss and expeoses intvrrad or paid, togather with s~th interatt, ~hsll b~ sec~red by th~ lien oi this
~ro~
6. "iMt (s) in the eveM of ~ny breach of this Mwtyap~ w default on the ps~t of the MORTGAGOR, or (b) in the event any of said suma of n?oewy
herein refe?red to bs not prompNy and futly paid within thirry (30) d~ys next after the same seve~auy becoms due snd psyable, without demand w notice,
or in tfie event e+ch and every the stiputations, agreemenb, conditions and cover»nts of ssid promisswy nots snd th~s mortpaye any w either are nol
iuly, promptly and fully performed, d~sd?uged, execvted, ~ffected, compkted, complied with and ~bided by, tMn i~ either or sny such ~vent the aaid ap
gregate sum mentioned i~ said promissory note then remsininy unpaid, wiM imerest acuued, and all moneys secured hereby. shall becwne du~ and pay- s
•ble fwthwith, w thereafter, at the option of said MORTGAGEE, u fully snd completely ss if all of the said sums of mw~ey wero originally atipulated
to be p+id on such day, anythiny in said promiuary nots w in this Matyage to the conaary notwilhstandirg; snd thcreupon a thereafter ~t ths option of
uid MORTGAGEE, without ~otin w demand, suil at iaw or in puity, therefore or thereafter begun, may be prosecuted u if ~II rt~w~eys secured hereby
had mahued ptiot 1o in irntitution.
7. That in the event tMt st the beginning of or at any time pendirg any wit upon this Mortgage, or ro faeclos~ it, a to roform it, o? to enforp
payment of any claims hcreunder, ssid MORTGAGEE shall apply to the Co~~? haviny jurisdiction thereof foe the appointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property all ~nd iu+yvlu, indud~ng all and singular tha income, proi;n, issues and nveoues from whatever
source derived, each and every of wh~ch, it beinp expreuly understood, is hereby mortgaged as if specifically set forth and dewibed the prantinp a~d j
habcnd~m cl~~ses hereof, and such Receiver shall Mve all the brwd ~nd effective iw~cnons arx! powers i~ anywise er~trusted by a Co~?t to a Receivsr, and
such appantment shatl be made by wch Court as an sdmitted equity end a matter of absolure right to ia;d MORTGAGEE, snd without reference ro the
adequacy w inadeq~acy oi the v~lue of the properry mortysged or to the wtvency or insolvency of said NWRTGAGOR w the defendants, and that wch
renn, profin, mcome, iuves and mvenues shall be applied by s~ch Receiver ~ccording to the lie~? or equity of s~id MORTGAGEE and the practiu oF such
Court.
8. To d~ly, promptly and fulty pe~form, disd+arpe, execute, effect, compkte, comply with aed abide by each and every the stipulations, ag~eements, j
conditions and cover?ana ~n wid promissory not~ snd this mort~ag~ set fwth. ~
9. That in the event the ownership of the mortgs~ed premises, w ~ny p~rt thereof, becomes vested in a perwn other tlun the 1NORTGAGOR, th~
MOR7GAGEf, itt aucceuon and auigns, may, witlaut notice to the MORTGAOR, deal with such succeuw or successw in iMerett with reference to this ~
morlg~e snd the debt hereby secured i~ the same manner as with Mwtgsgw without in sny way vitiating q diuhuging fhe Matyagors' liability here
under a ~pon the debt hereby sea,red. No sale of the prem;ses hereby mortgaged and no fwbe~a?ance on the p+rt of the MORTGAGEE a itt successws
or assgns ~nd no exte~sion of the time fw the p~yment of the debt hereby secured ~iven by the MORTGAGE' w its successors a auipns, shall ope~at~ !
to relesse, discharye, modify changt or affect the oriyinil Iiability of the MORTGAGOR herein, eithe~ in whole or in part, i
10. It is specificatly agreed that time is of the euence of this contract a~d tMt no waiver of any obligatron he~evnder w of ths obliQation se- ~
cured hereSy shall at any time thereafter be held to be a wairer of the terms hereof or of thc irutrument secured her6y,
11. In additia~ to the forego:ng rtwnthly payments of print'pal and interest requireci by the promissory note secured hereby, morfgagw tovenanh '
and agrees to pay to mortgagee with each monthly payment an ~dd~tional sum est~mated by mortgagee to be equal to 1/i2 of fhe annvat cost of the fo!!ow- ~
ing:
i
A-All real properry taxes levied w assessed against the above described real estate_ .
i
B-Premiums on fire and windstorm iruurance as herein requ~red to be carried on the improvements sit~ate on the above described premises. ~
C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loao secured hereby.
Mortgagee shall from time ro tirrM norify mortgagor in writing of the amount due and paysble herevnder and such sum shall thereupon be dve and
payabk o~ the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortyagor of a cha~ge in such
amo~nt. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurarxe prem;wns, and mortgage guaranty inwrance
premiums.
IN WITNE55 WHEREOF, the said RTGAGOR has hereunto set his hand and seal the day a~d year fint aforesaid.
Sgao Sealed en del' e pteseote of: ~
. ' n
- cs~.n
r5~e,~ '
K--p
STATE OF FLORIDA ~
COUNTY Of - $t_ 1-urzg S5.
Before m~ perwnally appe~rod Fr~nk R_ Rr~ ant
Frances . B ryant - hn W;fe, to me well known and known ts. ene io b~
rhe individwts descrEbed in and who ~xscuted ths foreyoirg irutrwnsnr, and ~dcrwwkdyed before me that they eaea,ted the sams fa thi` purposes
rneresn expres.ed. a~d rh. ,.+d Franees V. B ryant
wife o~ rh. ,,;a Fr ank B. B rvant y~+~~
examin~Yan by me tsku? sepante and apaN from her ~aid husband. ~ckrwwledyed to ~nd befon rn~ that she execvted said instruan4rq ftN1y and vo{un-
tarily and witho~t ~eryr oompuls;o~, consrrsint ~pprsMnsion, o~ fex of or from her taid husband.
WI1NE55 my hand and offkia! sea! th;• ~ day of ....A.' D:'19 _ 6Q
AND RECORDE~ ~ ' . ~ ~ v
f tLEO TY. ~LA: r,m~ry r~aK and fw the Stati of 61~ida?'+t,
,
. LUCI.E COU p My c«~„~~ .~?K: J.~ .
R~m To: ST co~~3 ~E I~ -3- y/ ~ ~ . ~ ~ ;
First feder~l Sav s!~ Loan Association ~ • O
~t ' .
Of FoA P~erce. j. . : ~
fort Pierce, Florida
'69 JUt~ ~ Z P~ ~ ~ _ .
y~ .
This Instrument Ptepared By n G~~• ~~~~T COUR7
First Federal Savings b Loan ~?~'~te~ip(nCfRCU1T
of Fort Pierce
Chetked By R _ Kay~s .
aooK 178 ~~E 459
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