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9. To plaq and cauin~ously k~ep on th~ buildiny~ now a her~ahn ptu~t~ on said land ~nd on ~II puipnNnt aod p~non~lly covK~d by thia map~
~pR, wi~h ~II pr~miwm ti»reon p~d in fvlt, fin intwanc~ u+ ~M ~swi sundard policy forny in a awn ~pprowd by ti+a MORiGAGEE. ~nd wir~torm
iraw~e (n rh~ uiwl ttandud poticy fornb in a tvm approv~d by t!?~ MORT(iAGEE, in wch company or cvmpa~i~s ~s tM MORTGAGEE n+ay ~
d~nctt +nd ~tl fi~~ a~d wiabrorm imuranq polkiK on any of s~id buildN~p„ any inn~.s~ tharNn w put ih.reof, in tM ~repat~ wm afu~id o~
in ~xc~ss therwf. shall cont~in th~ usval sta~d~rd mortyapN clavk w such orhN cfius~ ~s rh~ MwtyaqH may rpv'u~, mafirp th~ loss undK ~+id po14 ;
c~es, tacH a+d ~very, paY~bl~ ro said MORTGAGEE a~ iri intKest may app~sr, u~d Nch and ~vKy wch policy shall b~ promptly au:yned and d~livnad ~o
any h~ld by said MORTGAGEE a~ fur~hu secwity to aid m«tyspe debt. and, not 1~si th~ t~n (lOS daYs in adva~u of ~he ~xpir~tion of fach polky, ro d~-
tivN to sisd MOftiGAGEE ~ renewal ths~wf, toQttha wFth a?et~ipt fw tM premium of wth rentwaij ~nd tl+s~~ sh~ll b~ no f'u~ a wind~twm inswaou
pl.o~d cn ~„y of wid lxrildi~ps, ~ny inrerat tMn~n o~ pan thKeof, u~ku in th~ form u+d with tM ioss payable a aforaaWt u~d M~ tM ~v~nt any wm
of mw~ty becpr~a payabl~ wxbr wch polky or polici~s s~id MORTGAGEE shall haw th~ option ro recaiw and apply ths sams on accounl oi tM tnd~bted-
r~ess ~cvr~d Mr~by a b p~?mit s~id MpRTGAGORS ro nceiw u~d ust it or any part thereof for other purposes, wi~houf thereb~ w~ivi~~y w unpair•
~~+p anY puity. li~n or riyF?t under or by virtw of this mut~ap~t and in tiN tvent said MpRTGAGpRS shall for any ~~ason fait to ka~p th~ ~id pr~miset w
i~sured, or fa(I to d~tivet promptty ~ny of said po~icFe~ of lnswanp to Hid NIORTGAGfE, or fsil ptomptly to p~y fully any premium tMrefor a in ~ny
nspect fail w p~rfam„ dischug~, execut~, ~ff~N, complete, comply with ud abid~ by thit covenant, a any part hK~of, said MORTGAGEE may pl~p ~nd
paY fa wd~ irawanu or ~ny p~rt tMreof without waivinp or aN~cti~g any option, li~n. sqvity. a ripht unde? a by virtw of this Mat9~. ~nd the
full ~no~nt of ~ad~ and twry wch paymtnt shall b~ imrn~diattly dw and pay~bl~ ~nd shall besr interest from ths dat~ thercof until p~id ~t tM rat~ ol
nir~ pK untvm p~r ~ivwm +nd to9ether with suth ioterest shall be se~~red by the lien of this mort~y~.
4. To pamit, oommit ar wffa no wut~, M~pakment w detarioration of said p?upertr or ~ny put thereof.
S. To pay all and siny~lar the coats, d~arq~s u~d ~xpMSas, ir+cludinp a reasonable attwney's fo~ and costs of absnacts of titl~, incvr~ed or p~id af
eny Yune by s~id MORTGAGEE, beaus~ a in ths ~vMt of ths failvre on the piM of tM said lNORTGAGOR to duly, promptly u+d fully psr{orm, diachu~
execut~, ~ffM, oomplet~, comply with and sb~de by each ~~d ~very ths sti~xrletions, ~g~eements, conditans, and oovena~ts of said promissory ~ote and this
+nwt~a+y~ any or airha. and ss~d costs, charpes ~nd ~xpen~es, e~ch and every, shall b~ immedi~tely dw ind psyable; whether a not there k» notice ds
mand, anempt to oolktt or wit p~ndinyj ~nd ths full amount of s~th and ewry such payment shall bea? interest from the daM thereof unHl p~id at the
raie o( niM per centum per ~mwm; and all said costs, chargcs and expeases incw~ad o~ paid, ?ogether with wth interest, shall b~ secured by ths lisn of thw
'^atp+g~•
6. TMt (s) in the ev~nt of any breach of thit Mortpape or default o~ the part of the MORTGAGOR, or (b) in the event ~ny of said sums of moMr
herein referred to be not pramptly and fully paid within thirty (30) days next after fhe same severally become dve and payibl~ without dernand w notice
or In the ewnt each ~~+d every the slipulatioro, ~g~eem~nts, conditions u+d covensnri of iaid promisswy nots and th:s mat~~ any o? eithe? an nW
iuly. promptly and fully perform~d, d~scharged. exacvted. ~ffected, completed, compt~ed with and abided by. 1Mn in either or arryr svch fvent tM said a¢
eregah wm meneiw~ed in said promiuory rwte tAen rsmaininp unpaid, with interost atuued, and a11 mo~eys setu~ed hereby, shall betomt dw and p~p
sble forthwith, a thetesha, af the option of said MORTGAGEE, as fully and completely u ii all of rhe said wms oi money we~e oripinatly st~pulated
to be paid on s~eh day, aoythin9 in ss~d promissory eote or In this JNortga9e to the tonrrary notw;thstand;ng; and the?eupon w thereaher at th~ option of
said MORTGAGEE, without notice or dem~nd, wit at law or 1n eq~ity, thcrefore a thsreafte~ begun, may be prosecuted u if all moneys secur~d Mreby
had maWred priot to ib institvtion.
7. That in ths event that at the beginninq of w ~t any time pcndinp sny wit upon this 1Kortgage~ or ro foreclose N, or to refam lt or fo enforp
psyrn~nt of ~ny rJ~ims hereunder, s~id N1pRTGAGEE shall apply to the Car~t having j~risdic~ion thereof for the appo~ntmenl of s Receiver, svch Court shall
fwfhwith appoint a receiver of said mwtysgad p~oQe~ty all and sinyular, inNvdmg all and si~gul~r the income, profin, iuues and revenues from what~ver
wvrce derived, each and every of which, it beinp expressly widerstood, is hereby mortgaged u if specifically set fw~h and desuibed in ehe yrantinp a~?d `
haberxlum clavses hereof, and such Receiva shall have all the broid end effective functions and powcrs in anywise entrusted by a Carrt to a Reoeivar, and
wch appointmenr shall be made by uxh Court as sn admitted equity aod s matter of absolure right ro said MORTGAGfE, and w»hout referencs to ths
adequacy or i?»ekquacy of the vatw of the property mwtg~ged or to tF+e iohency w insolvency of said MORTGAGOR a~he defend~nn, and tMt such
rents, profin, ~ncome, ~ss~es snd revenves sh~ll be applied by s~xh Receive~ accordirg to the lie~ or equiry of said MORTGAGEE e~d fhe p~actiu of such
Court. •
8. To dvly, promptly and fully perform, discharge, execute, affect, complete, comply with ~nd ibide by each and every the stipulations, agreemants,
corxlitions and tovenants in said promissory ~ote and this mott~sga set fotth. µ
9. That in the event the ownenhip of the mo~tgayed prernises. a any part thereof. beoomes vested in ~ penon other tha~ the IbIORTGAGOR, th~
MORTGAGEE, in successon and assgns, may, wirhout nor;cs to the MORTGAOR, deal with wch succeuw or wccessor in ;nterest w;tF? reference to this
mor~gage snd the deb~ hereby secured in the same manner u with Nbrt~agw vrithovt in any way vitiatinp w dixharginy the Mwtgagors' liability he~
under a ~pon the debt f?ereby secured. No sale of the premises he~eby mbrtgaped and no forb¢an.~ce on the pan ~of the MORTGAGEE or its suaesson
or aug~ and no extension of the time fw the payment of the debt hereby secured 9ivsn by the MORTGAGEf w it: successon w assipos, sMll op~rate
ro release. discha~ge, modify change or affect the original liability of the MORTGAGOR herein, eithar in whole o? in put.
10. It is spedfically agreed that time b of the cssence of this contract snd that no waiver of any oblig~tan herevrKkr or of the oblipaYan ar
cvred hereby shalt at any time thereahe? be held to be a waiver of the terms hereof or of the instrumeM secured herby,
11. In addition to the forego:ng monthly payments of princ:pal and interest requ~red by the promissory note secured hereby, mortgagor tpven~np
and agrees to pay to mortgagee with each momhly psyment an add~tional swn estimated by mortgagee to be equal fo 1/12 of the annuat cost of the follow-
ing: ~
A-Ali real properfy taxes kvied or assessed against the above described real estate. ~
B-Premiums on fir! and windstorm insunnoe as hcrein requ~red to be urried on the improvemenq sitvate on the above desvibed premises.
C-Premiums on such mortgsge gvaranty insurante ss mortgagee shall from time to time deem fit to urry on the loan secured hertby,
Mortgsgee shati ~rom time to time ~otify mottqagor in writing of the amount dtx and paysbls he?iur?d~r u~d suti~ wm shall there~pon b~ dJ~ and
payable on the due date of the next monthly payment and each successive month thereafter until morfgsgee shall notify mortgagar of a change in such
~ nt~ Such sums shall be applied by mortgagee toward the payment of real properry taxes, iruurance prem;vms, and mortyage gvara~ty ir~wra~ce ~
i
IN WITNESS WHEREOF, the said MORTGAGOR has hereueto sef his h~nd I the day y first aforesaid.
~ ""d - ~"d'"'"` °~ILED AND RECOR~~
ST.P.E COR~ ~ER~ED~~ n
,~,il~~ " n
n ;
'69 JUI~I 17 PM t2:02 . ;
STATE OF iLORIDA ~ I~// /l ~
COUN7Y OF $t • j.1iC~f ~
eer«. ~ i ~ RO nOt AS
p°"°"+ h ~•?~a .~a
~ ~~i his wife, to me well krawn ~~d known to me to b~
tfK individwb described in and who execvted ths for~oinp instrumae~t and ackrwwledQed b~efaa n+~ thit they executed the ssms for tl» qxpcaes
therein ~xpressed. Md th~ ta~- /~1~1'~11Z B!!a?OII i
wife of th~ aaid - Riy~~ ~!1'~!1'01'l uPon ~ seP+~at~ and priv~t~ j
exsminaYan by me tsken tepante snd apsrt fram hcr said husband, ~clcrqwlsdyed b ~nd befpr~ m~ that she execvted said inshument fre~ly ~nd valw~-
raritr and w~tho~t ury compulsion, constr~int. ~ppre ~or feu of or from her stid hvsb~nd,
WITNfSS my hand and offiual s~+! rh:. /L ~y ~ J1iR• A. D. 19 69
' Nwsry P ic in and ta the tat~ of fbrida at L~r~
Retum Ta. . MY ' ion ~xpires: 6' L! 7/
.t_~
First fsdenl SavinQs i loan Asaociat;on Np(~ ~1~It. Sl~i! Of ~Ortdi it ~uq/ .
Of Fort P~erce. . ` , ' . ~ ~
~ . . 6 »n
Fort Pierce. Florids : v~~~ (AI~IRItf10R~~ ~ •
J ' C.t'r-,;~ ~ w.+.~u?e..+..Hst~cwt,s~
~ J
This Inst~ument Prepared By ; ; ' ' ~ -
First Federal Savings ~ Loan Association ' ~ ~ _ ~ ` " =
' of Fort Pierce ' ~ ~ ; c~: -
.
Checked By John i~l. Coll~Hs ,',~o'~~ ~S'?~•`'~~'~` .
!''~r'ttt.:N~~''~~•
h \ ~~A ~1"1 ~
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