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S. To play aril continuously keep on tM buildings now a hereafie- situate on said land and on all equipment and personally covered by this mortg•
age, with all premiums tMreon paid in full, fin insurance in 1M uswl standard policy form, in a sum approved by tM MORTGAGEE, and windstorm
insurance M tM uswl standard policy form, in a sum approved by tM MORTGAGEE, in such epmpany or companies as tM MORTGAGEE may
direct; and all fire and windstorm insuranp policies on any of said buildups, any interest therein a part thereof, in tM aggregate wm atoresaW a
In excess thereof, sMll contain tM uswl standard mortgagee douse or such oche clause as tM Mortgagee may .aquae, makirp tM lou under said pot}
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 Mld by said MORTGAGEE as further security to said mortgage debt. and, not less Than ten (10) days in advance of tM expiration of each policy, ro tfe•
lives ro said MORTGAGEE a rartwval thereof, together with a receipt for the premium of such renewal; and there shall be no fire nr windstam Insurarxe
plaosd on any of said buildups, any interest therein a part thereof, unless to tM form and with tM loess payable as afores+idt and in tM event any wm
of money becomes payable under sud- policy ar Policies wed MORTGAGEE shall Mw tM option ro receive and apply tM same on account of the indebted'
.less second hereby a ro ptrmit said MORTGAGORS ro reoaiw and use it a any part thereof for other purposes, without thereby waiving o. uopair-
irp any equity, lien or right under w b7 virtw of this mortgagee and in the event said MORTGAGORS sMll for any reason tail ro keep tM said premises so
inwred, a fail ro deliver promptly any of said policies of iesursrtoe ro said MORTGAGEE, a fail promptly ro pay fully any premium therefor or in any
respect fail ro .perform, discharge, execute, effect, complete, comply with aril abide by this covenant, a any part hereof, said MORTGAGEE may place and
pay fa such irourartoe a any part thereof without waiving a affeilirp any optan, lien, equity. or right under or by virtw of this Mortgage, and tM
full amount of each and awry such payment shall be imredately dw and payable and shall bear interest from tM date thereof until paid at tM rate o1
nine per txsntum per annum and together with such interest shall be secwed by tM lion of this mortgage.
4. To permit, corrrrdt or suffer rto waste, impa'ument a deterioration of said property a any part thereof.
5. To pay all and sirpular tM costs, charges and expenses, indudirtg a reasonable attorney i fee and ousts of abatncts of title, incurred a paid at
any time by said MORTGAGEE, because or in tM event of tM failwe on tM part of tM said MORTGAGOR ro duly, promptly and fully perform, distMrgst
execute, effect, complete, comply with and abide by each and every 1M stipulations, agreements, conditions, and covenants of said promissory note and this
mortgage any or either, and said cosh, dtuges and expenses, each and every, sMll be immediately dw and payable; whether a rat there be notice ds•
mend, attempt ro collect a suit pendirtgf and tM full amount of each end every such payment shall bees. interest from tM date thereof until paid at tM
rate of nine per centum per annum; and all said costs, drarges and expenses irtarrred or paid, Together with ;uch interest, shall be secured by tM lien of this
••
6. T)rat (a) in tM event of arty beach of this Mortgage a default on the part of tM MORTGAGOR, 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 tM same severally become due and payable, without demand or notice,
or (rJ in the event each aril every tM stipulations, agreements, coriliYans end covenants of said promissory note and this mortgage any or either an not
duly, promptly end fully performed, discharged, executed, effected, completed, complied with and abided by, then in either a any such event tM said ag
gregate sum mentarted in said promissory rate then remainirp unpaid, with interest accrued, and all moneys secured Mreby, sMll become dw and pay
able forthwith, or thereafter, at tM option of said MORTGAGEE, ss fully and completely as if all of the said wms of money were originally stipuleted
to be paid on suth day, anything in said promissory note or in this Mortgage to /M contrary notwithstanding; and thereupon a thereafter of tM option of
said MORTGAGEE, without notice a demand, wit at law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured prat to its institution.
7. That in tM event that at tM beginning of a at any time periling any wit upon this Mortgage, or ro foreclose tt, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to tM Court Mving jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoint s 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 beirp txpressly understood, is hereby mortgaged as if specifically set forth and described in 1M grantirp end
habendum douses hereof, and such Receiver shall Mw all the broad and effective furxuoro aril powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity aril a matter of absolute right ro said MORTGAGEE, and without reference ro tM
adequacy a inadequacy of tM rotor of 1M property mortgaged a to the solvency a insolvency of said MORTGAGOR a the defendants, and that such
rents, profits, income, issues aril revenues sMll be applied by such Receiver aaording to tM lien or equity of said MORTGAGEE and tM practice of such
Court.
8. To duly, promptly end fully perform, disctrerge, execute, effect, complete, comply with and abide by each and every tM stipulaYar-s, agreements,
conditbns 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 the MORTGAGOR, tM
MORTGAGEE, its successors aril assigns, may, without notice to tM MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and tM debt hereby secured in tM same manner as with Mortgagor without in any way vitiating a disdrargirp the Mortgagors' liability Mre-
under orupon the debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
or assigns and no extension of the time for tM payment of tM debt hereby secvrtd given by the MORTGAGEE or its successors or assigns, shall operate
to release, discharge, modify dwnge or affect tM original liability of tM MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed tMt time is of tM essence of this contrail and that no waiver of any obligation hereunder or of tM obligation se-
cured hereby shall at any tine thereafter be Mld to be a waiver of tM terms hereof or of tM instrument secured herby.
1T. In addition to the foregoing monthly payments of principal and interest required by the promissory rate secured hereby. mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an addiianal sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folbw-
ing:
A-AII real property taxes levied or assessed against the above described real estate. '
B-Premiums on fire and windstorm•inwrance as herein requited to be carried on the improvemenh sitwte on the above described premises..
C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to time deem.fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in v+titirg of tM amount due and payable hereunder aril such wm shall thereupon be dw and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a dtange in such
amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage gwranty ir-surarrce
premiums. .
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal tM day and year first aforesaid.
fined, Se and ~vered in tM presence of: ` ~ ~ ` `
UJ W n
n
~n
man
STATE OF FLORIDA
Ste Lucifs ~'
COUNTY OF
aefae me personally appeared Will~~ Wa I'LalZifi and
Hazol Je Ha!lif~ his wife, to me well known and known ro me to be
the individwls described in and who executed tM forsgoirp instrument, and ackrawkdged before me that they executed tM same for the purposes
therein expressed. And tM sat HaZ~l Je 1')(i!!ii --
wife of ttre said Williaa W. HaZlifi upon a separate and private
exam'mation by me taken separate and apart from her said husbard, aduawledged ro and before me that sM executed said instrument fceely and volun•
rarely and without any compulsion, constraint, apprehensiQp~or fear of a from her said husband.
WITNESS my Mnd std official seal this ~ (-~s day of ~~ ~'Ptpl~!! a D. )y 69
Return To•.
First Federal savings 8 Loan Association
Of Fort Pierce.
Fort Pierce, florida
This Instrument Prepared By ~~ w•
First Federal Savings b loan Association
• of Fort Pierces Flolifia
Notary P is in tin
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of bride at Large
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9 SEP ~8'S6 Z I
s20GER i-OITRAS
CLERK CIRCUIT COURT!
~~ PUbIK, stet! Of fforida N
~ Cosarssioa Expires i#Ity. 6, ~
FtLEdr~~14~!t~
ST. LUCIE COUNTY. FLA,':
R:= CORD VERii=1ED