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To plea and continuously keep on tM buildutgs now a hereafter situate on said land and on all equipment and personally covered by this m«t¢ age, with all premiums the+eon paid in full, fire insurar-a in the usual standard policy form, in a sum approved by the MORTGAGEE, and winds)«m irtswana in tM uswl standard policy fwm, In a win approved by tM MORTGAGEE, in such canpany « companies as the MORTGAGEE may dinctj and alt fire and windstorm iruurarra t>ol~+ ~ any of said buildings, any interest ttwrein « part thereof, in the aggregate sum of«eaid « in excess thereof, shall contain the uswl standard mortgagee clause w such other clause es tM M«tgsgee may require, making the loss under said pdi• ties, each and awry. payabk ro said MORTGAGEE es its interest may appear. and each and every such policy shall be promptly assigned and delivered to any held by said MORTGAGEE es iwther security to said mortgage debt. and. not kss than ten (10) days in advance of tiro expiration of lath polity, to de• live ro said MORTGAGEE a renewal thereof, together with a receipt f« tM premium of wch renewal; and there shall bs no fire « windstorm inwrartce plead on any of said buildings, any interest therein « part thereof, unku in tM fain and with the lou payable as aforesaidi and in the event any amt of money becomes payabk under such policy « policks said MORTGAGEE sMll Mve the option to receive and apply the same on account of the indebted• sass setund hereby « b permit said MORTGAGORS ro reaiw and use if « any part thereof f« other purposes, without thereb/ waiving or impair- ing any equity, lien or right under « by v'vtw of this m«tgagej and in the event said MORTGAGORS shell f« any reason fail to keep the said premises so insured, « fait ro deliver promptly any of said policies of inswance to said MORIGAGEE, « fail promptly to pay fully any premium theref« « in any rasped tail to per(«m, discharge, execute, effect, complete, simply with and abide by this covenant, « any part hereof, said MORTGAGEE may plan and pay f« such irtwrarta « any part thereof without waiving « affMing any option, Ikn, equity, « right under « by virtw of this M«tgage. and tM full amount of each and every wch payment shall be immedia»ly due and payable and shall bear interest from the date thereof until paid at tM rate of nine per contain per annum and together with such interest shall be secured by tM lien of this m«tgage. 4. To permit, oorrtrrtit « wffer no waste, impairment « deterioration of said property « any part thereof. S. To pay all and sirtgvlsr the costs, charges and expenses, irtcludirg a reasonable att«ney's fee and costs of abstracts of title, incurred « paid at any time by said MORTGAGEE, because a In the evert of tM failure on the part of the said MORTGAGOR ro duly, promptly and fully perf«m, dischargR execute, effect, complete, comply with and abide by each aril every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any « either. and said costs. charges and expenses, each and every, shall be immediately due and payable; whether « not there be notice de• mend, attempt to tolled « wit pendirg; and the fuH amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per contain per arnwm; and all said costs. charges and expsnscs irtturred « paid, together with such interest, shall be secured by the lien of this m«'gage. 6. That (a) in the event of any breath of this Mortgage « default on the part of the MORTGAGOR, « (b) in the event any of said sums of money herein referred to bs not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand « notice, ar (t) in the event each and every the stipulations, agreements, conditions and covenants of said promissory hots and this mortgage any « either are not duly, promptly and fully perf«med, discharged, executed, effected, completed, complied with and abided 5y, then in either « any such went the said ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become dw and pay able f«thwith, « thereafter, at the option of said MORTGAGEE, as fully and completely ai if all of the said sums of money were «iginally stipulated to be paid on such day, anything in said promiuory note « in this Mortgage to the contrary notwithstanding; and thereupon « thereafter at the option of said MORTGAGEE, without notice « demand, wit at law « in equity, theref«e « thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. ~. That in the event that at the beginning of « at any time pending any wit upon this M«tgage, « ro f«edose it, « to ref«m it, « to enforce payment of any define hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof f« the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged prope-fy all and singular, including all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged es if specifically set f«th and desuibed 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 ro said MORTGAGEE, and withoyy. reference ro the adequacy « inadequagr of the value of the property m«tgaged or to the solvrsncy « insolvency of said MORTGAGOR « the defendants, and that such rents, profits, incase, issues and revenues shall be applied by such Receiver arrordirg to the lien « equity of said MORTGAGEE and the prailia 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, conditwns and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, « any part thereof, .becomes vested in a person other than the MORTGAGOR, tM MORTGAGEE, its successor and assigns, may, without ratite to the MORTGAOR, deal with such success« « successor in interest with reference to this mortgage and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating « discharging the Mortgagors' liability here- under « upon the debt hereby secured. No ask of the premises hereby mortgaged and no («beararrce on the part of the MORTGAGEE « its successors or auigns and no extension of the time f« the payment of the debt hereby secured given by the IVidRTGAGEE or its success«s « assigns, shall operate to release, discharge, modify charge « affect the «iginal liability of the MORTGAGOR herein, either in whole « in part. 10. It is specifically agreed that Yxne is of the essence of this contrail and that no waiver of'arty obligation hereunder "« of the obl'gaYan se- cured hereby shall at any time thereafter be hart ro be a waiver of the terms hereof « of the instrument secured herby. IT. In addition to the foregoing monthly payments of prixpa) and interest required by the promissory rate secured hereby, m«tgag« covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by m«tgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied « assessed against their desuibed 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 wch mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shalt from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due end 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 m«tgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty inwrance premiums. 1 WITNESS WHEREOF, the id MORTGAGOR hes hereunto set his hand and seal the day and ye first of«esaid. Se fn the presence of: -~ ~ ~~.- /- n . aQ STATE OF FLORIDA SS. couNTyoF St. L>"cie rs.aq ~n fief«e me personally appeared Burton T. Hankins - and Leota M. Hankins his wife, to me well known and known to me to bs the individwb desuibed in and who executed the f«egorny instrument, and arknawledged bef«e me that they executed the same f« the purpaes therein expressed. And the sai~ L@Ota M. Hankins Wife of the said Bur ton T . Hankins _ upon a separate end private exarritna8on by me taken separate and apart from her said husband, adcrtovvledged ro and bef«e me that she executed said irtstrurnertt freely and volun- tarily and without any compulsion, constraint, apprehension, fear of « from her aid husband. -• • - /q September - ~~~ 69 rR~+~r. WITNESS my herd and official seal tht• ~ day of ',, 1 •~ 'r.. p AND RECORDEC~~~'` ~L~ ~ ,,~ •' ;`''':') ~:-~: FILE LINTY F Notary Public in .nil f« the stare of;fiior~(ja~" Larpb ,- - S~ .LUC~~ ~~ ~ r<1=';ErJ My Commission expires: j~"_.3-~-~- ' --- ~ _ - . Return To: ^183285 - .-~_ ~ .:, :. - First Federal Savings fL loan Association ~ ~s ~ ') ~~' • C - Of Fort Pierce. „~ y ~ • • - '~ Fort Pierre, Florida 1" C ~ ~ 2 Z ~ 1 '~ ~! - . G~a = 01TRNS - ;~~ T This Instrument Prepared By 71~k~~~~1 l'K~ First Federal Savings b loan Assoc) of Fort Pierces Florida Checked By gooK 1~~ PacE`~?OOU cf 1 t