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To place and continuously keep on tier buildups now a hereafter situate on said land and on all equipment and perro++ally covered by this mort¢ age, 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 vswl standard policy form, in a sum approved by the MORTGAGEE, in such company or companies as tM MORTGAGEE may direct; and all fin and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in tlse aggregate wm aforesaid a In exota tM-eof, sMll contain the uswl standard mortgagee clause a such other clauss as the Mortgagee may rpuirs, making the lou under said poiF ties, each and every, payable ro said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly assigned and delivered to any held by said MORTGAGEE as further xcurity to said mortgage debt, and, not less than ten (10I days in advance of the expiration of each policy, ro der liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm insurance placed on any of said buildups, any interest therein a part thereof, unleu' in the form and with the lou payable as aforesaid) and in 1M event any sum of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- ness secured hereby a ro permit said MORTGAGORS to receive and uss it or any part thereof for other purposes, without. thereb/ waiving or unpair- irp any puny, lion or right under or by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so inwred, a fall ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium tlxrefor a in any respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may plsp and pay for such irtswanp or any part thereof without waiving or affecting any opYan, lien, equity, or right under a by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately dw and payable and shalt bear interest from the date thereof until paid at the rate o1 nine per tentum per annum and together with such interest shall be secured by the lien of this mortgag@. I. To ptrrrtit, commit a suffer no waste, impairment or deterioration of said property a any part thereof. S. To pay all and singular the cosri, charges and expenses, including a reasonable attorney's fee and vests of abstracts of title, incurred a paid at any time by said MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully perform, dischargs; execute, effect, tonrrpkte, comply with and abide by each and every the stiputations, agreements, conditions, and covenants of said promissory note and this mortgags any w either, and said costs, charges and expenses, each and every, shall be immediately dw and payable; whether a not there be notice de~ mend, attempt to colket a wit pending; and the full amount of each and every such payment shall bear interest from the date tlxreof until paid at tl-e rate of nine per canton per annum; and aU said costs, charges and expenses incurred a paid, together with such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to bs not promptly and fully paid within thirty (301 days next after the same severally become due and payable, without demand or notice, or (~ in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided Sy, then in either or any such event the said erg gregab wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured heroby, shall become dw and pay able forthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally stipulated to be paid on such day, anything in said promiuory rate or 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 ss if all moneys secured hereby had matured prior to its institutan. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o- to foreclose it, or to reform it, or fo enforce 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 all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendwn clauses hereof, and such Receiver shall have all the broad and effective funcl.ons aril powers in anywise entrusted by a Court to s Receiver, and such appointment shall be made by such Court as an admitted equity aril a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency a insolvency of said MORTGAGOR or the defendants, and that such rents, profits, intone, iuues and revenws 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 stipulatrons, agreemenri, conditans and covenanri 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 other than the MORTGAGOR, the MORTGAGEE, iri wccesson and assigns, may, without notice to the A10RTGAOR, 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 discharging the Mortgagors' liability here- under orupon the debt hereby secwed. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or auigru and no exteniron of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or suigrts, shall operate to release, discharge, modify charge 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 ra 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. 11. In addition to the foregoing monthly payments of princ'pal and interest required by the promissory rate secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr,,ent an addirinnal sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ' A-AII real property taxes levied a assessed against the above described real estate. B-Premiums on fire and windstorm iruurance as herein required to be carried on the improvements situate ort the above desvibed premises. - C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time nleem fit to tarry on the loan secured hereby. Mortgagee shall from time 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 change in such amount. such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranty inwrance premiwns. IN WITNESS EREOF, t said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, r in presence of: p Seat) - A~.~t n .. STATE OF FT.ORIDA couNTY of ST . UJC IB SS. Before me persortall appeared LatlZfal B. Madden Nancy ~. Madd@11 his wife, to me well the individwb desuibed in and who executed the foregoing instrument, and acknowledged before me that they exec Arta ~ Nancy A. Madden ~. '~ , •' ~ - - - iaiMali~ own ro tor! to .~ I "~ . tt~" iEartts fof ~ `the~uc~ ypoilr,: ' therein expressed. t sa LLZ@ . -- ; ~ ~;,; • ~.., t .: ~~ en ~.-•• wife of the said u~?~''~~~ examination by me taken separate and apart from her said h band, ackrawledged to and before me that she executed said instn/mtiM ~~' ~ Wytttr tarily and without arty compulsion, cautraint, appre ~~° ~esr of or from her said husband. /~ • • •r ~ • • •' WITNESS my hand and official seal this ~V, ~ day of A11t~st / / - ~ ~ •, A. D. 19 69 Return Ta. first Federal Savings B: loan Association Of Fort Pierce. Fort Pierce, Florida This Instrument Prepared By J. D, Chastain First Federal Savings b loan Association ' ~~ofppFort Pierce ~ 1' loZids Checked By iC7~.. - ~54 Notary ~K in and for the State of Forida at Largo My Cornrrriuion expires: ::aT:..nr 13ii~:.:i'. ~:;~~ st: ice.=,~~~r r ~t~: tnY COitrtEAIS510N EXPIRES NOY, ~r lYti .onoFILED ANOR~~~b~~~~`"°tea. ST. LU~IE COUNTY, FLA. i2ECORD VFRIFI~'D 182082 ass Auc z i a~ i i: s 2 17%K~ ROGEt? /I'Vt I RAS CLERK CIRCUIT COURT ~~ aooK~.79 ~~3~9 2k _. --------- ~s ~~. .