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To plan and continuously keep on the buildings now or Itereaftar s~tuate on said land and on all equipment and personally covered by this mortg- pe. with all premiums thereon paid in full, fire insurance in the usual standard policy form, in a sum approved by the MORTGAGEE, and windstorm insurance In tM cowl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direttp and all firs and windstorm inwrance policies on any of said buildings, any interest therein or part thereof, in the aggregate wm aforesaid a In exnu thereof, sMll cor+tain the usual standard mortgagee clause or such other clause as the Mortgagee may rcquirs, making rhs loss under satd poll. cies, each and every, payable to said MORTGAGEE as its interest nwy appear, aril each and every such policy shall be promptly au:gned and delivNed to any MW by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten (10) days fn advance of the expiration of each polity, to de- Iive1 to said MORTGAGEE • renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm Insurance plated on any of said buildings, any interest therein or part thereof, unless in the form end with the toss payable as aforesaid; and in the event any wm of moray becomes payable under such polity or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indtbted• neu secured ftereby a ro permit said MORTGAGORS to receive and use it or any part thereof for other purposes, without thsreb/ waivi~+g or rmpair- irq any puny, lien or right undo or by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fait to keep the said premises so inwred. or fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fait promptly to pay fully any premium therefor or in any respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay fa such inswartn or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Matgsge, and the full amount of each and every such payment shalt be immediately due and payable end shall bear interest from the date thereof until paid at the rate of nine per centum per annum and together with such interest shall be secured by the Aen of this mortgage. !. To permit, tornmit of wffer no waste, impairment or deter"oration of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any Ytme by said MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, exetute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de• mood, attempt to collect a wit pending; and the tull arnovnt of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per tentum per annum; and all said costs, charges and expennes incurred a paid, together with such interest, shall be secured by the lien of this mortgage. . d. Thal (a) in the event of any breach of this Mortgage or default on-tf>_ part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thuty (30) days next after the same severalty become due and payable, without demand a notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, diuharged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag- gregate wm menYroned in said promissory note thin ren+aining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay able forthvvitfy or thereafter, at the option of said MORTGAGEE, as fully and completely as it all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory pate or in this Mortgage to the contrary notwithstanding; and thereupon a 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 or at any time pending any suit upon this Mortgage, a to forecbse it, or to reform it, or to enforn payment of any claims hereunder, said MORTGAGEE shall apply to 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 alt and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functions 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 adequaq or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court, 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory 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 ottxr than the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such successes or successor in interest with -eferertce to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagori liability here- under orupon the debt hereby secured. tVo sate of the Premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its suttessors or suigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors a auigns, ahall operate to release, discharge, modify change or affect the original 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 obligaYron 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:t to the foregoing monthly payments of princ~pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional 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 desui5ed real estate. fl-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 from time to tune deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable f-eretrrdar 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 s change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty inwrance premiums. WITNESS WH ~F, the said MORTGAGOR has hereunto set his hand and seal the day and sr first aforesaid. ' ned, led nd eliv a in the Tres a of: an en - ` seen a`: ft:~^-'~ an STATE OF FLORIDA 55. cout~lTir of St . Lucie Before me personally appeared Charles Barber and Mt.>trell Barber ~ hie w' fe a and Franklin A. Harris and Valerie V. Harris, his wife, to me well known and known to me to be the irtdividwls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And tM said Murell Barber, wife of the said Charles Barber, and ~~.~~~~ upon a separate and private examinaYan by me taken separate and apart from said husbands acknowledy~ to and before me that /executed said instrument freely and volun- tarily and without any compuls"ton, constraint, apprehensir~or fear of or fr stir said husbancl4• WITNESS my hand and official seal this l~ day of-7 ,r _ AuQL1st A. D. 19~t~ Return To: first federal Savings 8 loan Association Of Fort Pierce. Fort Pierce, florida This Instrument Prepared By John W. First Federal Savings b Loan Association of Fort Pierce , Flor ides My ` . ~{~t. ~~ f;~ • l ~ _ : ~ 1 ..;~ ~ ~ . V •. ~~ _ . r a . r= Collin. v / ~J ~ -_ • , . ..~ + and fort State of Florida at Largs expires: ~s~,J. ~~ / 9 7 / Notary Public, Stork of Florida at large 11I1y Cotrrttission E:pins Aug. 6, 1971 brae ay ~, f,. a ca+..tr cg FILED AND RECORDED ST, LUCIE COUNTY. FLA. RECORD VERIFIED Checked By ...~--- .,, . , :... . eooK 179 PAGE 891 '69 AUG 12 PI~~1~5Q1 iiQGEF2 t'OITRtiS CLERK CIRCUIT COURT ,, ~_