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3. To plan ~nd continua,ily ke~p on tM bulldie+p~ now or M.~aha utwa on sak! land ~nd on all pvtp~nent and p~rson~lly cov~?~d by this n+orp~
with sil pr~miw:+s tf+~rwn paid in full, t1n i?uur+i+u in ~tw usu+l stuidsrd policy form. in • wm approwd by th~ MORTGAGEE, and windqwm
inwr~nc~ In tM vswl uu~dsrd polccy iarm, in a wm app~owd by tM MORTGAGEE. ~ such comp~ny or oompaniea a ~h~ MORTGAGEE mar
d'w~ctl w~d atl fin u+d wu+d~~wm inwrana polic~ on +ny of said buiWirps, ~ey iMtrss! therein or put tMrwf, in tM sp~rsyat~ sum ato~~saEd or
In uccess tMraof, aMll oontatn th~ „swl stand~rd n~orr9s~ clwss a wch otiwr daua a tM A»v~pape~ may req~u~, makinp ~M Ioa under sa~d po14 ;
ci~s, each and ~vKY. paYabl~ ro ssid MORTGAGEE a ib int~rnt maY app~ar. and sach ana e.~ery such policy ahali b~ promptly au;9n~d and d~liver~o ro ~
a~y Mld by ~aid hhORTGAGEE ~s funhe~ sscuriry to said mortqay~ debt, and, not less tfien t~n (IQ) days io ~dvanu of the ~xpkation of ~ach policy. to da ;
liwr to ssid MORTGAGEE ~ reoewal thenof, topt~ha with a nuipt fw tM premium of such ~enew~lj ~nd tMr~ shilt be no fk~ a windsrwrn inw:anc~
plaad on ~ny of said buiWi~qs, ~ny interest tM~ein a p+rt thKwf, unku in tl+~ form and w~~h ~h. bs. p+yabN a afweea~ds +ed k+ tl+e ~wM amr swu
of mon~y becoma pay~bls w~dN such polky w po~ides s+id 1NORTGAGEE shall 1»w tM option ro receiw and appty the same on accarnt o( ~he indebtcd~
eKSS s~cvr~d hsnby w to permit ss~ MORTGAGORS a ne~iw ~nd us~ it a a~y pan thereof fo~ ofher pwp~aes, wi~hout 1h:rib~ wai~i~~g w anpair-
inp any puity, li~n a rght under w by vktw of this mortpap~t and i~ tM tvenl s~id MORTGAGORS shall fw u?y reswn fail M keep ttw said prtmises ~o
insured, or f~il b deliwr promptly any of said policies of Inswance to ssid MORTGAGEE, or fa+l promptlY to paY /ully ~ny premiwn tMrofor a in ~ny
r~spect fail 1o pafam, disch+rge, sxecut~, ~f(act, compltfe, comply with and ~bide by this oovenu+t, w any pa?t her~of, ssid MORTGAGEE may pl~p a.~
pay fw such inwranc~ ot any parf tMreof without waNrirg ot affsctinp any opP~o~, lan, tquity, or r;~ht unda a by vinw of this Matyaps, ~nd tA~ ~
futl ~nwuot of exh and twry such p+yn+Mt shall b~ imrnediat~ly dut and pay~ble ~nd sh~ll bsar i~terest from the dale thereof ~mtil paid at tla r~q ol
nine pK centum pe? ~nrwm and to~ether with wch interest thatl be secwed by tM lien of this matpaQs.
1. To pamir, oommit or wff~r no wai», in?p~im~ent or detaioratan of ~aid property or any put thereof.
S. To pay ~II and sirgu!u th~ cosb, charpes and exp~nses, tn~Judinp a reasonabh anorney's fee snd costs of sbatrut~ of titl~, incuned w paid ~t
~ny tims by said MORTGAGEE, beuuse w in th~ ewnt of the failure on the part of th~ s~id MORTGAGOR 1o dvly, p?omptty and fully perform, dischar9~
~xacut~, ~ffsct. compkq, comply with and abids by ~sth and every the stipulations, ayreaments, to~tions, u~d eownanb of uid promiuwy note a~d tha
matyap~ aMr o~ eiths~, and said cosn, charg~s and ~:pemes. ~ach ~nd every. sh~ll b~ knmediatety dw a~d payable: whether w not ~hen be notice de~
m~nd, attempt to cdktt w wit pending; and the full artavnt of aach a~d every :uch payment sfiell bcs? inferest from tM date tF~wf u~til psid at the
rate of ni~ per cenrum ~+er an,u,m; and all said costs, thuges and expenses incurred u paid, to~etAer with s~th ioterest. tMll b~ satured by the lien of thi~
mortpay~.
6. TMt (a) in the event of ~ny bre+ch of this 1Nortyay~ a defwlt on the part of the MORTGAGOR, w(b) in the event u+y of *aid tums of monQy
herein nfe.red to be not promptly and fully paid wi~hin thirty (30) days ~ext after tF?e sarne saverafly become dve ~nd payable, without dem~nd a ewric~,
or (c~ in the event each and every the stip~lations, agreeerKnb, conditions a~d cov~n+nts of sa~d promissory note a~d th~s mweqage any w either u~ no1
~vly, promptly and fufly perfwmed, d~xharged, executed, ~ffected, compkted, canpl~ad with and ab'+ded by. tMn in e~thet a ~ny such ~v~~t 11w said ap-
gregat~ wm mentia+ed io uid {xomiuory noro then remainins unpaid, with interest ~cuued, and all moneys setured hersby, thall becorne dw and pay-
able forthwitfi, a thereafter, st tha apsan af s.?d M0~276f~GEE, as f~lly ~nd completely as ii aU of the said su.~ns of rtwney were aipinally stipubfed
to be psid on sucl~ day, anythirg i~ said promiuory note or i~ this Mortga9e to the contrary notwithstand~op; and there~pon or thereaft~? tM optian of
said MORTGAGEE, wi~hout ~tKe w oemand, suit at tsw or in ~qvity, therefore or tf~eaftcr beg~n, msy be proxcuted ~s if all nwrNys sscu~ed !w?eby
had matwed prar to ib iratitutan.
7. That in the event that at tke beginning of or st sny tim~ pend'ng sny wit upon this Mwt9ege, a to forecloss it, w to refwm it, w to enfc.q
payment of any daims hereundcr, ~aid MORTGAGEE shall apply to the Court hsving j~risdktion theaeof fw the appoi~tment of a Receiver, s~ch Cou?t sh~ll
fwthwith ~ppoint a receiver of said mwtpayed prope?ty ell ~nd sirgular, lncludmg all ~nd sing~lu ~he i~xome, p.ofits, issuet a~d rerenues from whatever
source derived, each and every of whith, it bei~p expreuly understood, is hereby mortgsged as if speci'iully xt iwth and dewibed in the granting and
habendum clauses hereof, ~nd wch Receirer shall have all the broad and effective funct~or?s and powcri in anywise entrusted by a Co~r1 to a Receivsr, ~nd
:uch appointmc~~t shall be made by such Court as an admined equity and a matter of absolute rigM to said MORTGAGEE, ~nd wi+hout reterence to ths
edequacy or inadequacy of the wlue of the property mortgaged w to the wivency or insolvency of said MORTGACsOR or the defendants, acd ihat wch
rena, profits, income, iuues and revenues shall be applied by such Receiver accwding to the lien or equity oi ssid MORTCaAGEc and the practice of such
Coutt.
8. To duly, promptly and fully perfwm, discharge, execwe, effect, complcte, eomply with and abide by each and every the stipulations, ~yreements,
conditions and cova+snts ~n said promissory note and this mortgage set fwth.
9. That in the event the ownership of the mortgayed premises, or any pan thereof, betomes vested in ~ peraon other than the MORIGP.GOR, thQ
MORTGAGEE, its succeuors and suigns, may, witho~t notice to the NWRTGAOR, deal with such wcce:sw o? tvccessor in interest with refe:t~ce 1o this
mort~age snd the debt hereby secured in the same manner as with kbrtgagor wifhout in any way vitiating or diuhuginy the Mort9agors' liabiliy here-
under or upon the debt hereby secured. No sale of the premiaea hereby mortgaged and ~o fortsearance on the part of the MORiGAGEE or in successors
a auigos and ra extension of the time for the payment of the debt hereby secured 9iven by the MORTGAGEf or its ~uccessors or auig~s, shall operaf~
to relesse, diuharye, mod~fy ch~nge or affect tix aiginal liability of the 1NORTGAGOR herein, either in whole ot in part.
10. It is specifically agreed that time is of the essence of this contract and that no w~iver of ariy obligat7on hercunder or of the oblgation s~
cvred hereby shall ~t any tu~u thercafte? be held ro be a waiva of the terrnt hereof or of the instrumeM secured herby.
' I1. In add~tion ro the forego:ng monthly payments of princ:pal and interest req~ired by the promiuory note secured hereby, r.w?tgs3or covenant~
' and agrees to pay to moNgagee with exh monthly payment an add~rionsl sum estimated by mortgagec fo be equsl to 1; 12 of the annua~ cost of the fofFow-
ing:
A-All real property taxes kvied or a:sessed against the above described real estate.
! B-Premiums on fire and windstorm i~su?ance as herein requ~red to be carried o~ the impiov!me~ts situate on the sbove rlescribed premises.
G-Premiums on stich mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on tFk loan secured hereby.
Mortgagee sha!! from time to time notify mortgagor in writir?g of the amount due and payable Ix~eunder and such sum shalf thereupon tx dua and
payaWe on rhe due dare of the next monthly payment and each successive month thereafter vrtil mortgagee sha41 notify mwtgagw of a cFu!nQa ir. such
j amou~t. S~ch ums shaii be applied by mortgagee toward th. ~yr.x:st of real property taxes, insurance ptem:urr.s, and mortgsge puarsnfy irour~nce
p?emivrrn.
~ IN W WHE OF, the said GAGOR hss hereunto set his hand and seal the day and year first eforesaid.
I led presence of: .~f
~~i r~
~ ~Ll,r~/Zta~,,~l ~ts~2~ (L+0
_~2n
___cs..n
__~n ~
STATE OF fIORIDA ~ ` -
~ St . Luc ie
eef«e Peno~ny .~a.~d Miriam M. Hudson, A Single Adult ~,d
iAs~fle, to me well known and known to me to b~
th~ individwl~. describsd in snd wlw executed the fore9oinp instrumer~t, and ~cknowtedyed b~Fcre m~ tt~at si~y. executed the same for the p~rpese+
N+arein ~xpreued. J1wi a1» ~rd.. Stl@
-aifs~F ~fw ~sw~ vp~w• ~ w~~.aM-~ni ~pwv~tt
sa~rwiw~~iow~ ww-tak~e?~it~sre~e-awi ~~1 ~r~w.F~r-wi~ ~wiaw~~sd~ed da an/.b~far~ aN ~ha~ ~M ~xew~ted said Initrrraeof.fsrl~r ~voL+or
~ N~ill? ~~iN~wb ~^'Y-cor~bi~nr iows~raiwtr +PPr~he+»iow.-e~~e~r sf-e?-fiww ~iaii ~wd.
WITNESS my hsnd and official seel this ~=~'s~ d+Y of t1i16 A. O. 19S?~- ~
~
Notary Publk in ,nd for rhe S~•ro of Fla~a at l~ry~
My Comm~ssion •xpi~es:
Retum Ta ' ~<<.~~~~sur.,;~,r , I~Otary ~~K. ~i1! 0~ ~{Ofl~i ~ .
e
Fint Feder~l Savinps 3 Loan Assoclation ~--_'l•,,~ -'y Cosoissio~ E~pi~es S . 1469 '
Of Fort Pferce. : . ~ ,
Port Pieae. Flwida ~ ~ + FI~.~V A COUN C
• L CIE ,
~ ST. U R VEFtIFIEO '
: - = ~F co. 0 46 ~
This Instrume~t Prepared By ,r ~ , , • _ ' . • .
~ First Federal Savings b loan Association ' . , ~69 ~U~ ' 3 ~Q • 5 ~
of Fort Pierce ~ ~ ~ ~ '
(J • ~ ~C ~
~ i~\~~ .
171111:'.': , t'. .
Checked By R KAVPS , R~~c ~OITRAS
~ ~ CLERK CIRCU17 COUR~
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