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3. To piac~ and continuousty keep on the buitdings now w Aereafta urwte on ~aid lu+d and a+ all equipment and personally cove?ed by this mor?9- I
+p~, with •11 premiums thercon pa~d in full, fire i~surance in ~he usual srandard policy fwm. i~ ••um approved by the MOR~GAGEE, and w~r+ds~wm {
insu~ance in the usu~l standa~d pol~cy form, in a~um approved by ~M MORTGAGEE, in s~ch corrpany or compan~cs as the MORIGAGEE may ~
direcr, and all fire snd w;ndstorm insurance policiea on any of said buitd~r+gs, any interest therein or part thereof, i~ the aggreqate tum afo~es~~d w
In exceu thereof, shall contain the usual standard mort9agee clausa a iuch other clauss ai 1M Matgagee may requ~re, makin9 the lou unds~ sa~d poli-
cie~, each and eve~y, psyable to said MORIGAGEE as its inte~e» may appear, and exh and every such policy shall be p~omptly a~s.gned and delivered to ~
any held by uid MORTGAGEE ~s tuither security to sa~d mortgage debt, and, not leu tha~ ie~ (10) days in advance of the expirstion of each policy, to dr
live~ to said MORiGAGEE a renewal thcreof, together with a receipt fw the premivm of such renev~al; and fhrre shall be rw fire or winds~orm inivranc~
plated on sny of said buildirx~s, any intere~l there~n w part thereof, u~less in the fo~m and with the lou payable as aforesaid; ~nd in the event any sum
of mo~ey becomei payable under such policy o. policiei said MORIGAGEE shalt havs ths option to receive and apply 1he same on account of the indebted-
e~ess secured hereby a q{xrmit uid MORTGAGORS to reteive and uss it w any pa» thereof tor othe~ purposes. ~vi~hout th~rrb~ waivi~~g or impair-
irg any epuity, lien a righ~ under or by virtus of this mo:tgage; •n~! in the tvent taid MORTGAGORS shall (a any reason fail to keep the said premises so
i~sured, or fail fp deliver p~omptly any of said policies of in~ura~+ce to taid MORTGAGEE, or fai! promptly to pay fully any pre~nium therefa w in any
~eipect fail ro per(orn~, discharge, execute, effecl, complete, comply with snd abide by this covenan~, a any part hereof, said MORTGAGEE may place and
pay fw such insurancs or arty pa~t ther~of without waivin9 or affactinQ any opuon, lien, equity, o~ right under a by virtue of this Mort9aye, ared the
futl ~mouot of each and tvery such payment shall be immcdiately due and payable +nd shall besr interest from 1Fa date thereof until paid at the rat~ of
nine per centum per annum and to~ether with such interesf shall be secured by the lien of this mortgage.
1. To permit, commit or suf(er no waste, impairmeM w deteriontion of said p?operty or any part thereof. ,
5. To pay sll and sirgular the costs, charges and expenses, including a reawnab(e +ttwney i fea and costs of abstracts of title, incurred or psid a~
any time by said MORTG/iGEE, becauu w in the evtnt of the failure on tlx pan of ~he said MORTGAGOR to duly, promptly snd fully perform, d~uhar9e,
execute, effed, complete, compiy with and ab;de by each and every the atipulat~ons, agreemenb, conditions, and covenants of sa"~d promi:sory note and thi~
mortgage any w e~~her, and sa~d costs, charges and eapenses, each and every, ihall be immediataty due and payable; whether or not ~here be notice de
mand, attcmpt to collect w suit pend~ng; and the full amount of each and every such payment shall bear imerest from the date thereot until paid at 1he
rate oi oioe per centum per an~ium; and all said costs, charges a~d expenxs inturred or paid, together w~th such interest, shall be secured by the leen of tbis ~
mortgage.
6. That (a) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, a(b) in the event any of said svma of money
herein referred to be not promptly and fulty paid within Ihi~ty (30) days next after the same severatly become due and payable, withovr demand o? ~otice,
w(c) in the event each ar~d every thc stipulations, agreements, conditions and covenants of sa~d promissory oote and ih~s mortgage any w either are ~01 ~
~uly, promptly and fully perfwmed, d:xharged, executed, effected, completed, compGed with and ab~ded by, then in either or any such eveM tM s+id y~ ~
gregate sum mentioned in said p~omissory note then remaining unpa~d, with inte?est acuued, and all moneys secured hereby, shall become due and pay-
able forthwith, w thereafter, at Ihe option of said MORiGAGEE, as fully and completely as if all of the uid sums of money were originally ttipulated
1o be pa~d on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon or fherea(ter at the option of
said MORiGAGEE, without no~;ce w demand, suit at law or in equity, therefwe or thereaifer begun, may be prosecuted as if all moneys secured hereby
had mawred pnor to its inst~tution.
7. Thst in the event ~hat at the beginning of or at any time pending any suit upon this Mortgage, or to forectou it, w to reform it, a fo enforce
paymenr of any claims hereu~er, wid MORTGAGEE shall apply to the Court having jurisdict~on fhereo} for the appo~ntment of a Receive?, such CouM shall
fwthwith appoint a receiver of said morrgaged property all and singvlar, includmg all and singular the irtcome, prof~ts, iasues and revenves from whatever
wurce derived, each and every of which, it being expressty vndrrstood, is hereby morrgaged as if speuficslly set iwth and dewibed i~ the gr~nting and
habendum clauses hereof, and such Receive~ shall have all the broad and effective funchons and powers in anywi:e entrusted by a Court to a Receiver, and
iuch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute r~ght ro uid MORTGAGEE, and w~rhout refere~ce to the
edequacy er irtadequacy oi the value of fhe property mortgaged or to the soivency or insofvency of said MORiGAGOR or the defendants, and that such 1
rer,ts, profits, incort:e, iuues and revenues shall be applied by such Receiver accord~ng Io the lien w equity oi said MORTGAGEE and the prattice of suth
Court.
io du1y, promptly and fully perform, discharge, execute, effen, mmplete, comply with and abide by each and every the stiputations, agreements,
tonditans and covenants in u~d promissory ~ote and this mortgage set fwth.
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a perwn other than Ihe MORTGAGOR, the
MORTGAGEE, its successors and ass~gns, may, witAout notice to the MORTGAOR, deal wi~h such succeuor w successor in interest with reference to ihis ~
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiati~g w dixharging the Mortgagors' liability Fkra-
under w upon the debt hereby secv:~i. No sale of the premises hereby mortgaged and no {orbrarance on the parf of the ~dOR~GAGEf o? its tuccessors
or assigns and no extens~on of the time Tor the payment of the debt h~reby secured given by the MORTGAGEE o~ its successors or assigns, shatl operate
to release, discharge, modify change or affect the original liability of the MORTGAG~R herein, either in whole or in part.
10. It is speuf~cally agreed that time is of the esunce of this contract and that no waiver of any obtigat~on hereunder or of the obligafion st
cured hereby sball at any time tF~ereaher be heid to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tio~ to the forego:ng monthly payments of princ'pal and intcrest requ~red by the promissory note secyred hereby, mortgagor cwenants
and agrces ro pay to mortgagee with each monthly payment an addnionai sum es~~mated by mortgagee to oe equal to 1/12 of the annual cost of the fol(ow-
i~g:
A-A!I real p~operry ta:es levied or assessed against the ab~ scribed real esta*e. -
B-Premiums on fire and windsto~m insurar.ce as herein requ~re~'to be carried on the improvements situate o~ tF~e above described premises.
C-Premiums on such mortgage guaranry insurance as mortgagee shall from l~me to time deem fit to carry on the Ioan sec~r~ hereby.
Mwtgagee shall from t;me to time notiiy mortgagor in writing of the amount due and payable hereunder and such sum shall tliereupon be due and
payable on the due date of the next monthly paymeni and each suctesseve month thereafter ur.til mortgagee shall twtify mprtgagor of a change in wth
amount. $uch sums sF~al{ be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mertgage guaranry insurance ~
premiums.
IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal t da snd ~
" ned, Sealed and deY i~ the p?esence of: ~ y Year firsi a sai
FILEO AND RECORDEO-~ ~ _
ST. LUGIE COUNTY. FLA. ~
~ ~ ~ 1g
7~R~~ ~
~-n ~
'69 OEC 18 ~bl 8 : ?
STATE OF FLORIDA ~
cauvn oF _ ST. LUCIE ~'"9
Before me personally appeared ~~1~ .T
r ;.i~ ~ t Sao ~
~ and
~le ~ m~ JCOLL ' nis wiie, w me wcii w~..,wn u ' ' - - ~ ~ '
the individuals described in and who executed the fwegarg instrvment, and acknowledged befne me that they executed the same for• the p~rposes
?herein expressed. And the said ~}lQ1DW SCOtt
w)fe of the said D+~V1C~ R. SCOtL upon a sepsrate and privat~ ~
exam~nation by me taken separate and apan from her said husband, adcnowledged to and before me that she executed said ir?strumeM freely and vof~n-
tarily and without sny computsian, constraint, apprehensic~n ,w fear of ot f~om he~ said husbsnd.
T.i
WITNfSS my hand and official seal this day of q, p, ~q~_
Notary Publ' n and for the_,Slate of florida ~t larye
My Commi qn expires: ~ L ~ 9 7/
Return To: u''J-
Fint Feder~) Savings d~ loan Assotiation ~ '
. ' ~ta.ry Pu~K, Stele of 19orida ~t lsrye
Of Fort P~erce. ~Y C~~^:;S110t1 EX4WES Q11Q. 6, i97~
Fon Pierce, f lorida • M~aw;w iit~ a CawllY Gr
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This Instrument Prepared By John W. Collins~.: ~ i~r,- -
First Federai Savings & Loan Association ~
of Fort Pierce , Flor ida % ~ v
Checked By C~____` ~ -
~ , BOOK 1~1 PAGE~~~S
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