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J. To ptsa and conttnuously keep on the b~ildinps eww or M+saftN sitwq oe~ said land and on all equipment and p~non~lly cove~ed by t61~ matg~
~9~, wEth all premivms thereon p+id in full, firs insvr~nce in the u~wi sta~dard policy form. in a ium approved by tM M.ORiGAGEE. and windirorm
inswance in tM uswl i~ud~:d policy tam, in a wm ~pprov~d by tM MORTCHGEE, in wch companY w co^'~P+^~es +s ~hs MORTGAGEE m~y
dinctj ~nd all fir~ and wind~twm i~wranc~ polisies o~ u?y of said build~nps, ~ny interqt thNein w p~rt thereof, ln the a9greyate sum afassaid a ;
In exces~ ehereof, ihall contain tM viwl s~andard morty~ ciws~ a iuch o~M~ claut~ as tM MwtQapes may ~equue. makinp ths {ost w+der uid po1F '
cies, exh ud evsry, payable ro s+id INORTGAGEE as its interest may ~ppear, a~d each and tva~y iuch poliq shall be promptly ~ss:yned and d~tiver~d to i
aoy held by sa~d MORTGAGEE ~s further securiry to iaid monpa9e dab?, ~nd, not leu tMn ter~ (10) days in advarxe of the expiration of each poGcy, to da {
liver to s.:~ MORTGAGEE a+enewal thereof, fog~tF~ wi~h a receipl fot the pranivm of such renew~l; a~d the~e shaN be no fin or wind~iam insw~oa ~
pl~ctd on any of iaid buildirgs, any interest fherein or psrt thaeof, unless in the form and with the lou p~yable as sfaes+id; a~+d in tM event +ny swn ~
of moray becornes payable unde~ such policy or polici~s said MORTGAGEE ihall Mve ths optio~ to ~eceive and apply the ssme on account of tM ind~bted-
rxu secvred hereby w b pc~mit said MORTGAGORS fo ~eteiw and vs~ it o~ any part Ihereoi (w othc~ purposes, withoul th:~cb~ waivi~~ or ~mpair-
ing any eqvity, lien w riqh~ unde~ a by virtw of this mo:tpa~e; and in tM eve~1 s~~d MORTGAGORS shall fw any ?eason i~il ro keep tM s~id premises so
insured. w fsil 1o detiver promptly any of said polities of insur~nce to said MORiGAGEE. or f~il prompNy to paY fvlly ~ny premivm the~efw ot in any
respect fail ro periam, d~scharge, execute, ~f(act, complete, comply with ud abids by this cover+ant, a+nY pa?t heroof, said MORTGAGEE m+y pl~o~ aed
pay fa such inwrance or any part thereof witFw~t w+ivinp w affectir+p any optio~, li~n, puity. w riyht under o~ by virtw of this Mort~ap~, ~nd the
full amouM of each snd evtry such paymenl shall be immediately due ~nd payable and ahall be~~ interest from tM date tbereof until paid at ttw ra?e of
ni~e per ce~ium pet annum and logether with suth interest sMll be secured by tM lien of this mort~ape. .
1, To permit, commit or suffe~ no waste, impsirment w deteriaation of said property or +ny paA fhe~eof•
S. To pay all and singula? the cosb, charges +~d expenses, insivdin~ a reasonabie attorney's fee and co~ts of ~b:tracts of title, i~cwred w p+id at
any tuna by said MORTGAGEE, because w in the tveM of ths failwa on the part of tht said JNORTGAGOR to duly, promptly a~d fully perform, d~xMryR
execute, e(fed, complete, comply with and ab:de by each ~nd every the st~pulnions, sy~eements, conditions, •nd covenann of uid p.omissory note +nd thw
mortgape any w aithe~, and wid costs, charges and expenset. each and every, shall be immediately d~e ~nd payable: whethcr a not tF~er~ be notiu da
mand, +ttempt to collect or suit pend~ng; and tM ~ull amou~t of each and every such paymem shall besr iMeres~ from Ihe date thereot ~mil paid ~1 the
ra~e of nine per centum per annum; and all ssid costs, charQes ~nd expenses inturrad w paid, togetF~er w~th such inesre~t, shall b~ 3etured by th~ lan of thiu
mortpaye. .
6. That (s) in the event of any breach of this Mwtqspe or default on the part of the M7RTGAGOR, or (b) in the event ~ny of ssid sums of rtwney
herein referred to be not promptly and fully paid within thirty (30) days next after the same teverally become due +nd payabla, wittaW demand w ratic~, ~
or (c~ tn the event each and every the stipu~ations, ~greemenri, condiiwns and coven~nts of sa~d promissory note and th~s mortgagt ~ny or either an ~wl ~
iuly, promptly and fully pe~fo?med, diulurged, e:etvted. ~ffected. compkted. complied with and ~bided by. then in either w any such ~vsnt tha said aQ~ ~
gre9at~ wm meMioned in said promissoty ~ote the~ remaini:~g unpaid, with intcrest xuued, and atl moneys secured hereby, shall bttorne dw snd payr
able fathwith, a tlxrea(ter, at tl+e optan oF said MORiGAGEE, as fully airl completely as ii all of the said wms of money were wi~inally stipul~ted
to be pa~d on such day, anything in uid promissory note w in this Mortgsqe to the contrary notwithstanding; and thereupon w thereafter at tM option of
sa~d MORTGAGEE, without ~otice w demand, suit at law or in equity, thtretwe or thereahc~ bsgun, may be prosecuted u if sll maxys secvred hereby
nad matwed p:~or fo its instituYan.
7. That in ~he eve~t that at the beginning of or at any time pending any wit upon this N4o?tgage, w to faectose it, or to refwm it, w fo e~foros
payment of sny claims he?eunder, said h!ORTyAGEE sh~ll apply to the Court having jurisdittia+ thereof for the appointment of a Reteiver, such Co~rt sh~ll
iwthwith appoiM a ~eceiver of said mortgaged property all and sing~la~, includ+ng all and singular the income, profits, issues and revenues from wMterst
wurce derived, each and every of which, it beirg express~y understood, a heroby mwtgaged as if specificaily set fath and dewibed in the ~rantinp and
habe.idum davses hereof, and s~th Receiver shall h~ve •II tiro kxoad snd efiective functions and po~+en in anywise entrusted by a Cwrrt to s Reteivsr, u~d
such appointment shatl be made by such Court as an admitted eqvity and a ma~ter of absolute righl to said N+ORTGAGEE. and without re~erence ro tM
adequacy a inadequacy of the wlve of the property mortgaged w to the so!vency w insolventy of said N10RiGAGOR a the defendanri, and thaf suth
renrs, profits, income, issves and revenues shall be applied by such Receiver accordinp to the lien w equity of aid MORTGAGEE and the practice of wch
Covrt. .
8. To duly, promptly and fully parform, dischs?ge, execute, effect, complete, eomply with a~d abide by esch and every the stipulatiwu, agreements,
condiYwns and core~ants in said promissory note snd this mortgsge set forth.
9. That in the event tF~e owne~ship of the mortgaged premises, a ~ny parf thereof, becomes vested in a perwn other fhan the MORTGAGOR, tM
MORTGAGEE, its successors snd augns, may, without ratice fo the NWRTGAOR, ~'eal with such successor a succesaor in interest with reference to this ~
mortgage and the drbt hereby secured in the same ma~ner as with Mwtgago~ without in any way vitiating a d'+xhsrging the Mort9+gors' lisbility hera ~
under or vpon the debt hereby secured. No sste of the premius hereby mortgsged and no fwbearance on the part of the MORTGAGEE or in waessors ;
or augns and no cxtension of tF?e time fw the payment of the debt hereby secured given by the MORTGAGEf w its successors or auigro, ~hall opsrat~ ~
io release, dixharge, modify change w affect the original liability of the MORTGAGOR herein, either in whok or in put.
10. It is spedfically agreed that time is of the esserxe of this contract and that no wsiver of aoy obligatian he~eunder or of the oblipaYqn se-
cured hereby shall at any time thereaftei be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tion to the fwego:ng monthty paymenh of print:pal and imerest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay ~o mortgagee with each monthly payment an addirionsl svm estimated by mortgagee to be equal to 1/12 of the snnual cost of the follow-
ing:
A-All real property taxes kvied or auessed against the above described real estate. _
B-Premiums on fire and wi~dstorm insurance as herein requ~red to be carried on the improvements situate on the sbove desc?ibed premises.
C-Premiums on such morigage guaranty insurance as mortgagee shall from time to time deem fif fo carry o~ the loan secured hereby.
Mortgagee shall from time to time notify morigagor in writing of the amount due and payable hereunder and such sum shall there~pon be due snd
payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify martgagor of a changa in wch
! amaunf. Such sums sF.all be applied by morigagee toward the payr~nt of real property taxes, imurance prem:ums, and mortga9e guaranty inwance
~
premiums.
j tN WITNESS WHEREOF, the said MORTGAGOR hu hereuMO set his haod and xal the day and ye firit aforesaid.
~ , Sealed ~lif~ ~n the p/esence of: ~ ~
I ' ' ~sC - '
l • ~
~ K--n
~ SiATE Of FIORIDA ~ ~
couNn oF St. LuC ie .
Befwe me person~lly appearcd J~ie Lee Moore, A Sing2e Adult
da.~ri{~ ro me v~rell known and krawn ro me to b~
rhe individuals described in and vrF?o executed the fo?epanp ir?strument, and scknowledped before me thatlhey axecuted the same for tFip purpos~s
rherein expressed. And~N+~~eid he , _
~riFe af-H+~ ssk!- ~!'ol~»
.~jlPMI!~~~?~!*; '
.ewaaw~ti~nipw~~ii~ew~s~p+r+t~~~d.apn~kuw.i~es.~~id~iw~ba~~drwwl~~8~t~-~w~lwfor?~Nufshs~ucrt~d-s~ir_inrlwwti~~il~r-'~vdrAw _ ~
-~srii~r-~wi ~w+~lwrt-~wT ~owrp~{~iowrw~tqairM,-~p~iNnsi~+r ~r fe~r-of ~r irwn~l+er Mid~waiar+d - . ~ ~
~ WITNE55 my Fwnd and officisl seal this ~ t~~ day of November p. 19 bg~
~ R Ai~.C/:.« ~~a ~ ~ . - ' ~
~ • Nwary Public in ~ed for th~ State of.~ ~t y~;
~ ~
~ - My Cwrm?asion expiras: /,1,-3_/y~;' ; . ;
Retum Ta _3 7/ j ~ ~ `
~ FILED APjD REC~ROfiO'~ ~
fint Federal Savings 3 Losn /litociation
Of Fort vi~~ce. ST. LU C I E C 0 V NTY, FL~1.
~ Fo?t Pierce. Flaida n n r R
1852'7:~ ~
~ '69 NOV 1 AM 9: 3 8
~ This Instrument Prepared ByRiChard K. Kayes i~ .
~ First Federal Savings b loan Association ~ ~
~ of Fort Pierce p'lo=ida. ~i~:,~i? -~)I': R;.S .
Checked B~ CLERK CiRCUIT COURT ~
Y F
t
~ dooKsso PJICE~O~ ~f ~
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