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To plac~ ~nd con~inuously ke~p on th~ buildiegs now a Mr~~ft~r ~itwN on said land and on ~II equipmtnt ~rtd personally cov~red by this mwt~
~g~, wi~h ~11 premiwns the~wn paid i~ (~It, fir~ insu~~~ce in tiu vsual slandard policy fam, fn a tum appro~ed by the MORiGAGEE, and windirorm
~~swanc~ tn tM vswl itandud poiky fwm, in a wm approvad by ~M MORTGAGEE, in ~uch compsny w companies +s ~M MORTGAGEE nNy ~
dindj and all fin a~d w;odsto.m ir?swana polici~~ on any of iaid byiW~nps. ~ny totsr~st tM.ein or part tMreof, in the apyreyatt tum ~for~iaid o~
In ~xtess ~FKreof, ~Mll contain tn~ usuai siano«:S :.:::::ydy.a .'.a.== cr f..h o+!+s• 4+~we as r~e ~.e~x... may requu~, makinq !M loss vnda said pol}
cies, each and wery, payabl~ to said MpRTGAGEE ~s ib intcrtll rt?~y appea?, and ~ach and every :~ch poliq shall be prompHy s~s:9ned and d~livered fo ;
any Mld by taid MORiGAGEE as ivnhsi ieturity to sald mortps~~ debt, ~nd, not I~ss than ten (10) days in advance of the expirat~on oi e~ch policy. to d~- `
livsr to tsid MORiGAGEf a ~enewal thertof, toperher with a receipt fw tM premium of stxh rtnecval; and ther~ shall be ~o fire or windstam insu~+nt~
plated on any of sa~d buildinp~, any iMerest thK~i~ w put ther~of, unleu in tM form and with tM lou payable as aforessids s~d i~ li~ evMt ~~y sum
of monty becwn~s payabl~ ue~c~ suth polFty ot polici~i ~;d /NpRTGAGEE shaN haw ths option fo receive and apply the ssma on account of ths ind~bted~
~+eu setw~d hereby W b pOCmit s,id MpRTGAGORS ro r.oeiv u~d uf~ (1 p~ny part thereof fot othcr purpotes, without th:reb/ waivi~y w ~mpair-
irg any aqvity, tien w ri~ht under or by virtus of this mortya~; ~nd in tM weot w~d MORTGAGORS shaU for ~~y reason fait W keep the said premises ~o
insured, or fail b dtliver promptly any of said polic;es of insuranq b said MORTGAGEE, or fail promptly to pay futly any premium therefor a in ~ny
respect fail ro pKfam, diuhsry~, ~xecvte, sff~ct, compt~t~, comply with and abide by this cavenant, or ~ny part hereof, said MORTGAGEE may place ~nd
paY for a~ch inwranc~ w ~~y put tl+Kaof without wahrinp or ~ffectiny any option, tien. eqvity. w r;ght under a by vl.tw of thia Mort9~e, ~nd th~
full amounl of each ~+d swry tuch paymN+! aha11 bs immediat~ly dw uxJ piyabl~ and shall beu interest from ti?s date ihercw( u~lit paid at tlsa rsta ot
n~ne per centum per annum and togeiher with iuch i~twast shall bs sec~red by tM lian of this mwt9age,
4. To ptrmit, cortrnit or wf(a ~o waite, impairmeM or deterioratan o( isid prope~ty w any part thereof. ~ ~
5. To pay ~It ~nd sinpular tM coNS, chanpes ~nd rxp~nse; intludi+~p a reasonabl~ a»orney's fee and costs of sbstraNs oi titls, i~curred or p~id at
any time by said MpRTGAGEE, becavse w in ths twnt of 1M failwe on tha p+rt of tM said MORTGAvOR lo duty, promp~ly and fully per(orm. d~xharge,
execute, effect, complet~, comply w~th ud ab+d~ by ~ad~ u+d every ths stipulationy agreements, conditions, and covenann of wid prom;iwry note and ti~is
mortyaQ~ sny or eithar, and said cos», cMrpes ~nd expen~ts, each snd every. shall be immedistely due sr?d payable; whether a not there be notice da
mand. ~ttempt to colkct or wit per+d~n9i u?d tM full amount of each u~d eve~y such psyment :hall bea. interest f~om the date thereof u~til p~d st t!K
rate of nir» per centum pe~ ~n~xim; and all said tosta, tharget and expenses encwred w paid, logether with suc!? interasl, tF?all be setured by ths lien of thi~
6. TMt in the eveat of ~ny bre+ch of tnis Mortyap~ or dei:ult on tM part of the MORTGAGOR, or (b) in the event any of said sums of mo~ty
he~ein referred to be not promptly and iully paid within thirty (30) days next after the same severa!!y become due snd payable, withoul demand or ~otite,
or (c) in the event exh and every ths stipulatans, agreemenn, conditions and covenanq of wtd promiuory note ~nd th~s mor~gape s~y w either ~re not
iuty, promptly snd fuUy pe~form~d, d~xharged, executd, ~ffected, compkted, comptied with snd ab~ded by, tl+en in e~ther w any such tve~t tM sajd p~~
gregate wm mentiaxd in said pro+nissory rqte thet? rsmaining unpaid, with interest ~tuued, and all moneys secured hereby, shall betome due and p~y.
able forthwith, o~ thereafter, at the option of said MORTGAGEE. as fully and complcfely aa if ali of the said sums of monsy were ai9in~lly "stipulated
to be paid o~ such day, anything i~ said promissory note or in this Mor?Qage to the contr~ry notwithatar~ding; a:id tfierevpon or ~hereafte~ at tM opNon of
said MORTGAGEE, witFaut notice o? demand, wit af law a in equity. ~herefpe w thereafter begun, may be prosecuted as if ~II moneys secured hereby
had matured prqr to in u?stitutio~.
7. Thst in ths event that at tFe beginniay of or at any time pe~ding a~y wit vpon thi~ Mo.tqags, p( 1p fpKI06! I1~ w to refwm N, q to enfwq '
payment of any claims hereunder, s~id MORTGAGEE shall apply fo the Court having jurisdrction the~eof for the appoimment of a Reteive~, such Court shail
forrhwith sppoiM a receiver of said mortyaged property all u~d sin~ular, includmg all and singular the i~ome. profiti. iuuea ~nd reven~es from whaNve~
tourte ds~ived, eath and evtyy of wfi~ch, it bei~g expressly understood, is hereby morlgaged as if specifically set forth and dewibed i~ the 9r~~1in~ and
habendu~~ clavses hereof, u~d such Receiver shsll have ~II the bosd and effective funct~ons snd powas in anywix eatrusted by a Court to a Receiver, and
:uch appointment shaU be made by wch Courr as an sdmitred equity and a matter of absolute righl ro said MORiGAGEE, ~nd wi+hout reference to ths
sdequ~cy w inadequacy of ths valw of the property mortyaped or to the wnrer+cy a insolvency of said MORTGAGOR a the defendants, and that such
rents, profits, i.ocome. issues and revenues sF?sll be applied by such Receiver ~ccwdinp to ths lie~ ar equity o( said MORTGAGEE and the practice of such
Coutf.
8. To d~lY. promptly and fullY pe~form, d',xhargs, eaecute, effect. complete. oomply wi~h u~d abide bp each and every ths stipulations, agreeme~ts,
conditioro and covenants in sa~d promiuory note and thia mortgsge set forth.
9. That in the event the ownenhip of the mortga9ed premizes, o~ any part thercof, becomes vested in e person othe~ tAan ths 1NORTGAGOR, th~
MORTGAGEE, iri successors and auigns, may, w;thout notice to the MORTGAOR, deal with such wcceuw w iutcesaor in ioteresf wifh reference to ihis
matgage and the debt hereby secured in the same man~e? ~s with Mortgagor without io sny way vitiati~g w~istharging fhe Mwtgagors' liability hers
under a upo~ rhe debr hereby secured. No sale of the prem;ses he?eby mortgaged and no fwbearonce on the part of the MORTGAGEE w its :uaesaon
or auig~u and no extension of the time fa the payment of the debt hsreby secured 9iven by the MORTGAGE' w its successors a assigns, shal) operat~
ro release, dixharge, modify change a ~ffect fhe original liability of t!x AAORTCaAGOR herein, either i~ whole w in pait.
10, it is speciiically agreed that time is of the csscnce of this contrxt and thst no wsiver of any obliyation hereunder or of fhe oblipation se~
cured hereby shall at aoy time thereahe~ be held ~o be s w~iver of the terrt?s hereof .or of ths instr~ment secured hKby,
11. In additia~ to the fwego:ng monthly paymeMS of princ'pal and infe~est required by the promissory note secured hereby, mortgagor cpverynft
and agrees to pay to mortgagee with each monthly paymrnt an addirional sum estimated by,mortqagee to be equal to 1/12 oi the anrtua! cost of the folbw-
~ng: .
A-All real properry taxes levied or assessed against the above dewibed resl estate.
B-Premiums on fire and windstorm i~urance as herein requi~ed to be ca~ried o~ the improvemenri sihrste on tht ~bove described premises.
C-Premiums on such .nortgage gwranty insurauce as rt~wtgagee shall from Nme to time deem fit to carry on the ban secured he~eby, ~
Mo.rqagee shalt .'rom time to time norify morrgagor i., vr.i~3og of the anwum dua .and-wyabla hereunder_and :vch_iun ;haJl thergupon_ Fie dve_and._..---
payabk on the due date of the next monthly payment and each successive month thereafter ur,til rtartgagee shall ~otify mortgagw of a d~ange i~ such
amouni. Such sums sh.afl be apptied by mwtgagee roward the payment of real property taxes, irtswance prem:~ms, and mwigage guaranfy ir?suratKe
premiums.
IN WITNE55 WHEREOf, the said MORTGAGOR hu hereuMO set his hand a~d seal the da and k
Y year first afwesaid.
Si9ned, Seated and delivered in tiie presaote of: ~ -
~ s' _(SeaO
n
~
~
STATE OF ftORtDA ~
courm oF _ St. Ltycie
8efore me p~twnslly appeared T~lYOt~= SAOw ~
Jt~BtlitB $l10w his wife, to me well known and krawn ro me to be
rhe individwb described in snd w!w execvted the fore~ang ir~strw+Knt, and acknowledped before ms that they eaecutad the aame fo? the pwposes
rherein ezpreased. And the sa~d J1~8n~t8 C npY ;
i
wife of tM s~id T~Ot~s S3iOM , vpon • sep~rate and priv~t~ ~
exam~eaiwn by me taken separate and apart from her ss;d iwsband. ~ckrw„r(e~/~~ m and befw~ me that she e:ecvted said irqtrurne~t ~eely and rolvo-
rsrily and w~thovt sny compulsian, cautrai~t, appreF~ena7on~ feu of or from her s~id husband. `
WI7NES5 my hand and official seal thi• ~y ~ March D. 19
7Q i
t
Notsry P ~c in and fw tM Stat~ of Fforida at tu~e
Retwn Ta. j~ 4 7 ~ µY an ~xqrass . ~i / ~7 / ~
Fint Fsdersl Ssvings 3 loso Asiociation •r : - - . .
' ~~irt~s~~s~ ~ ~~1?1'~i'K. 3tai! of
Of Fott Pierce. : ~•j~~ li~~ ` ~ ~p ~ rt
f•ort Pierce, flwide ` j;,~~~~~Q.~p,. ry'.~~~I~~~?' ` r ~~11SSWi1 . 6. ~9~
O, •-~w_ 4 ~ ~l~,~f ~ ~ .
_ ~~c~y~~~~::..~~ y~,UC1E COUNTY:~ -
~ ~ 1 r'~ ' `3Z~CORD 1~~~3
Q
This tnstrument Prepared 8y Tbo~ss p. pt~ ~cQ Q?. ~
^ o . 3i
First Federal Savings d~ loan Association ~ r;~,. -~j• ~ 3: - •
of Fort Pierce~ F1oZids '`;~'p,~•-•;2~~Q:' ~ 3~ PN ~Z/
~ - .~~j~~O~~~•~~~~~•'~Q ~j
Chet{ced By ~ hi~~~:.`, S'Q?~~~~~`` N
0 R ~r~ ROGER POITRi~S
~OOK~Ve~ PACf~~ CLERK C1RCUIT COUi~
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