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To place and continuously kesp on tfte buildings now a hereafter situaM on said land and on all equipment and personally covered by this mortg~ agt, with all premiums thereon paid in full, lire insurance in the usual standard policy form, in s sum approved by tht MORTGAGEE, and windstorm inswanct in Ihs vswl standard policy form, in a sum approved by the MORTGAGEE, in such company w companies as tht MORTGAGEE may dirtctj and all fin and windstorr inswartce policies ort any of said buildings, any interest therein or part thereof, in IM aggregate win aforssaid or In excess thereof, sMll contain the usual standard mortgages clause or such other clwse as the Mortgagee may require, making the lou vndtr said pol~- cies, oath and every, payable ro said MORTGAGEE as its interest may appear, and eacA and every such policy shall be promptly au:gned and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten (10) days in advarKe of the expiration of each polity, ro dt• liver ro said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm inswanct placed on any of said IwiWings, any interest therein a part thereof, unless in the form and with the loss payable as a(aesaid; and in tM event any sum of money becomes payable under wch policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- neu sscurtd hereby w ro permit said MORTGAGORS to receive and use it a any part thereof for other purposes, without th:reb/ waivi~tg or unpair- irg any puiry, lien or right under or by virtue of this mo:tgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises w insured, a fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fail to perform, discharge, execute, effect, complete, comply with arsd abide by this covenant, or any part hereof, said MORTGAGEE may play and fu I (amount of eat and twry such payment shall be amrnediaelyfdwnand payablenand shallubesr interest from the datevtFwreoffuntil paidtag Maratttol nine per centtun per annum and together with such interest shall be secured by the lien of this mortgage. 1. To permit, tommif a suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay alt and singular the costs, charges and expenses, including a reasonable attaney's•fea and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, dixhargt, execute, effect, complete, comply with and abide by each and every the stipulanons, agreements, conditions, and covenanri of said promissory note and this mortgagt any or either, aril said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice ds- msrd, attempt to collttt or suit pending; and the full amount of each and every such payment shat) bear interest from the date thereof until paid al the rate of nine per centum per arnwm; and all said costs, charges and expenus incurred or paid, together wtth such interest, shall bs secured by the lion of this mortgagt. Q That (s) in the event of any brexh of this Mortgage or default on the part of the AlORiGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (rJ in the event each and every the stipulations, agreements, conditions and covenann of said promissory note and this mortgage any or either are not iuly, Ixomptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either a any such event the said ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest xcrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promiuory note a in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of & at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply tb the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all and s;ngular the irxome, proltts, iuues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in the granting and habensdvm clauses hereof, and such Receiver shall have all the broad and effective furxt~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defertdanri, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of wch Court. 8. 1o duly, promptly and fully perform, discharge, execute, effect, complete, comply with and sb'tde by each and every the stipulations, agreements, conditions and covenants in said promiuory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than fhe MORTGAGOR, the MORTGAGEE, iri succeuors and auigru, may, without notice to the AtORTGAOR, deal with such succeuor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or dixharging the Mortgagors' liability Isere• under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or iri stxceuors or augns and rto extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shelf operatt to release, discharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se• cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In additio:s to the foregoing monthly payments of print"pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1,'12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall ;nom time to tune deem fit to tarry on the ban secured hereby. Mortgagee shall from tune to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a charge in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first afol{said. r Sig Sealed a deliver Ile presence of: ~ /V/~~'/ n ,~.~ ~~ STATE OF FLORIDA SS, COUNTY OF St . L-LGle Before ttte personally appeared JOhn Ra Sull~Va_*+ and Bleanor B• Su1liViifiTl his wife, to me well known and known to me to be the indiridwls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for tfte purposes thereiet sxpresaed. And the said Bleanor B• Sullivan wife of the safd John Ra Su1liVan upon a sepsrats and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun• tarily and without any compulsion, constraint, epprehensioA, or fear of or from her said husband. WITNESS my hand and official seal this ~ ,~' day of All t A. D. 19_S22 Notary Publ' and for the State of Fbrida at large My Conuni on expires: ~- 6' ~~,~ Return To: first Federal Savings b loan Association Of Fort Pierce. Fort Pierce, Florida ~,t~~.t~ttt,,,i_ Notary Pttb~c, State of Florida at larva ~'.•~~• ~ , .. • • lstk~ f11 ~attlf~a fa ~ Lrnlrrt fails ~ ~ ~• _J John W. Collin:, ~ `` ~ ~ : , = This Instrument Prepared By C ~` First Federal Savings b loan Association ~ .,• ~~ e ~ _ of Fort Pierces Rlorida - •., -,~ . . ~, -..... Checked By ~ ~" _~,. . ~~ eooK ~~9 Pace 35~ ; - . FILED AND RECORDED ST, LUCIE COUNTY. FLA. ftrCORr ~/ERIFIED -X81351 '69 AUG 4 AM 9 ; 31 ~o~r~ ~olTRas CLERK CIRCUIT COURT