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S. To play and contiexwush keep on tM buildups now a hereafter sitwN on said land and on all equipment and personally cove-ed by thts +natg•
ir~iweranp inltM uswl nandard~policy ffarlirt,fin a~wm approved byutMtMORTGAGEE. fln sucha scompan~w companies~RTGMGEE~, RTGAGEE~tmaY
dirsttl and all firs and w'trdswrm inswanq polkiss on any of said buildings, any Interest therein or part tMreof, in tM aggregate sum aforesaid a
In sxotKS tMreof, shall contain tM uswl standard mortgagee c1auN a such other louse as tM Mortgages may rpuve, making tM loss under said pol}
ties, sack and awry. payable b said MORTGAGEE as its intsrsst may appea-, and sadt and awry eruct poliq shall be promptly assigned and dtlivered to
any M1d by said MORTGAGEE as further security ro said mortgage debt. and. trot less than ten (10) days in advance of tM expuaYton of each policy, ro de•
liver ro sad MORTGAGEE • renewal tMrsof, together witA • receipt for tM premium of such renewal; and there sMll be no firs or windstorm u-surancs
placed on arty of said buildings, any interest therein a part thereof, unless in tM form and with tM k>ss payable as afwesaidj and in tM tveM arty sum
of mwtey becomes payable under such poUcy a policies said MORTGAGEE shall Mw tM opt'an ro receive and apply tM same on account of tM udsbted•
nsss sscwed hereby a ro permit wid MORTGAGORS to reoaiw and uM B a any part thereof for other purposes, without thrneb~ waiving a impair-
irp any equity, lien a right under a by virtw of this ntortg+gat and Tn tM event said MORTGAGORS sMll fa any reason fail to keep tM said premises so
insured, or fail ro deliver prompth any of said policies of inswanu ro said MORTGAGEE, or fail promptly ro pay fully any premium therefor or in any
reaped fail b perform, disdtarge, execute. effect, complete, comply with and abide by this covenant, a any part hsraof, said MORTGAGEE may plan and
pay for such utsurance a any part thereof without waiving a affecting arty optiory lien, pviry, or right under a by virtue of this Mortgage. and tM
full anawtt of each and every sud+ payment shall be imntedleteh dw and payable and shall bear interest from tM date tMroof until paid at tM ra» of
nine per untum per atrwm and together with such interest shall be secured by tM lien of this mortgage.
1. To permit, cornndt a wffer no waste, impairment or deterioration of said property a any part thereof.
S. To pay ell and singular tM costs, clNrges and experues, including a reasonable attorney's fee and costs of abstracts of title, utcurred or paid at
any tinge by saW MORTGAGEE, because a in tM event of tM failure on tM W-t of tM said MORTGAGOR to duly, promptly and fully Perform, discharger
execute. effect, complete, comply with and abide by each and every tM stipulatioro, agreements, cortditionn, and covenants of said promissory note and this
mortgage any or eitMr, and said costs, charges and etcperaes, each and every, sMll be immediately dw and payable; whether or not there be notice ds•
mend, atterrrpt ro cdkd a suit pending; and tM full amount of each and every such payment sMfl beer. interest from tM date thereof until paid at tM
rate of nine per centum per srxwm; and all said costs, cMrges and expenses inverted a paid, together with such interest, shall bs secured by tM lien of this
mortg~e.
6. T)tat (a) in tM event of any breach of this Mortgage or default on the part of tM MORTGAGOR, or (b) in tM event any of said wms of money
heroin referred to be not promptly and fulh paid within thirty (30) days next after tM same severally become dw and payable, without demand or notice,
or (c) in tM event each and every tM stipulations, agreements. conditions and covenants of said promissory note and this mortgage any or eitMr aro not
iuly, promPth and fully performed, disdNrgsd, executed, effected completed, complied with and abided by, then in either or any such ewM tM said ag~
gregate sum mentioned in said promissory note then rorrNining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay
able forthwith, a thereafter, st tM option of said MORTGAGEE, as fully and completely as if alt of tM said wms of money were origiMlly stipulated
to be paid on such day, anything tit said promissory note or in this Mortgage to tM contrary notwithstanding; and thereupon or thereafter at tM option of
said MORTGAGEE, withow notice a damsnd wit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had nNtured prior to its imtitution.
7. That in tM event that at tM beginning of a at any time pending any wit upon this Mortgage, or ro foredoae it, a ro reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE sMll apply to tM Court Mvirg jurisdiction thereof for tM appointment of a Receiver, such Court sMll
forthwith appo+nl a receiver of said mortgaged property all and singular, utcluditg all and singular tM income, profits, issues and revenws from whatever
source derived, each and every of which, it being txpressh understood, ie hereby mortgaged as if specifically set forth and described in 1M granting and
habertdum davses Mreof, and such Receiver shall Mve all tM broad and effective functions and powers in anywise entrusted by a Court to a Receiver, end
such. appointment shall be made by such Court u an admitted equity and s matter of absolute r'gM ro said MORTGAGEE, and without referenn ro tM
edequsgr or inadequacy of tM valor of tM property mortgaged or to 1M solvency a insolvency of said MORTGAGOR a tM defendants, and that such
rents, profits, income, issues and revenues sMll be applied by such Receiver according to tM lien or puiry of said MORTGAGEE and tM practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements,
corditiora and covenants in said promissory note and this mortgage set forth.
9. That in tM event tM ownership of tM mortgaged premises, or any part thereof, becomes vested in a person other than tM MORTGAGOR, tM
MORTGAGEE, its successors and assigns, may, without noYrce to tM MORTGAOR, deal with such successor or successor in interest with roference to this
mortgage and tM debt hereby secured in tM same manner as with Mortgsga without in any way vitiating or disclNrging tM Mortgagors' liability Mre-
under or upon tM debt hereby secured. No sale of tM premises Mreby mortgaged and no forbearance on 1M part of tM MORTGAGEE or its successors
or assigns and no extension of tM time for tM payment of the debt hereby secured given by tM MORTGAGEE or its successors or assigns, sl-all operate
to release, discharge, modify dNngs a affect tM original liability of tM MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of tM rzssence of this contract and that no waiver of any obligaYkon hereunder or of tM obligation se-
cured hereby shall at any time thereafter be Mld to be a waiver of tM terms hereof or of tM instrument secured herby.
I1. In addiian to tM foregoing monthly payments of principal and interest rpuired by tM promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee ro be equal to 1/12 of the annual cost of tM follow-
ing:
A-All real property taxes levied a assessed against tM above described real estates
B-Premiums on fire and windstorm inswance as herein required to be carried on the improvements situate on the above described premises.
C-Premiums on such nwrtgage gwrsnry inwrance as mortgagee shall from time to time deem fit to carry on tM loan secured Mreby.
Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and such wm shall thereupon be due and
payable on tM due date of tM 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 tM payment of real property taxes, insurance premiums, and mortgage gwranty insurance
premiums. "
IN WITNESS WHE tM sa" MORTGAGOR Ms hereunto set his Mad and seal 1M day artd year first afor
Sealed de ' tM of:
t ~
k ~--n
rs.aq
STATE OF FLORIDA
ST . U)CIE ~'
COUNTY OF
Before me personNlly Henry A. Convent a~
N~~~e o "
hb wife, to me well knowp and: ~nowrl ref (ee ro be
tM individwls described in and who exewted tM foregoing instrument, std acknowledged before rrte that they executed ''fart =~tfporaes
Mildred C, COlseflt .~~:% •• R `r~' iY'
therein expressed. And tM sa' . ~. ."
wife of tM said Henn A. CORient ~~ ~~ ~ ,
examination by me taken separate and apart from her said husband, acknowledged ro and before me that sM executed ~. " ~~ -• "
tarily and without any compulsion, constraint, apprshension,~ fear of or from her said husband. - ~:' ". ;R: Z_~~~~'.- 't s
.i~.
WITNESS my Mrd and offidal real thK ~ day of S@ te»I~f ." • ~• ~ r~ • 9 :#
FlLEO AND ry Public in end fen the S}~il~ ~ r~ ` ~"'• = -S .
ST LUCIE COUNTY. F Commisi a pines:. J~~_~~'.~`--~,.,-,-•; ' Cz~~: ~%'~:
Return To: ~RFCORD VERIFIED ~,1 `~;:_~~~'
First Federal Savings 8 Loan Assoriat'ron ~~~I'~~IM~ 'J f .. ~; ``.r?,;C ""
Of Fort Pierce.
Pierce, Flora '69 SEP BAN I I ~ 58
~~`
trument Pre red B J, D. Ch ?01 RAS ~ -
Thls Ins pa y ROt~~
First Federal Savings b loan Association CLERK CIRCUIT COURT:
• of Fort Pierce , Rlorida
Checked By ~ D R
800K~ ,~7 ~~
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