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3. To place and continuousiy keep on 1he bu7!dingi ~ow or here+fttr ?ituats on ~aid tand and on atl equipmen~ ~nd personally c~vered by thii mortp-
sgs, with all premiums thereo~ pa~d in full, tire inivrance ~n the usual standard po~icy form, in a sum ap{xoved by the MORiGAGEE, and windstwm
cnsurance in 1hs usual ~tandard pol~cy fo~m, i~ a sum approved by the MORTGAGEE, in ~uch compa~y o~ canpa~le~ as the MORTGAGEE m~y
di?ect; and all fire and w~nd~torm insurance policies on any of saiJ build~ngs, any interest therein or part ~hcreaf, i~ the aggregate tum a(ae~aid w
in excess ~hereof, shali contain the usual s~andard ma~gagee clause w iuch o~her dause ai /M Matgagee may requirs, maMing the ioss u++da sa~d po1i~
ue~, each and every, payabfe ~o said MORTGAGEE as its inteiest moy ~ppear, and each and evcry such policy shall be p?o~np~~Y ass gned and delive~ed ~o
any held by u~d MORTGAGEE as further security to said matgaga debt, and, not leu lhan ten (10) days in advance of the expirat~on of each policy, to da
livar to said MORiGAGEE a renewal thercof, together with a reteipt for the p~emium ot s~ch renewal; and theie shall be no 1+re or windsto~m intur~nce
placed on any oi said b:,ild~ngs, eny intcrest there~n w part thereof, vnless in the form snd with the ~oss payable as eforesaid; and in ~he event any sum
of money becomes payab~e unda such policy w policies said MORiGAGEE ahall have the optio~ ~o receive and apply the same on account of ~he indabted-
neu secu?ed hereby w?o permit said MORiGAGORS to teceive and use it or any parl thereol lor other purposea, w~tho~t th_~~~~ waivi~ig o~ ~mpa~r
ing any equity, lien or right unde~ or by virtue of fhis mo:tgage; and in the svent ia~d MORTGAGORS shall fw any ~eason fail to keep the said premites so
ina~red, or tail ro deliver promptly a~y of said policies of insurar+ts to ssid MORTGAGEE, w fail promptly to pay fully any prem~um therefor w in a~y
respect fail to pertwm, discharge, execute, effeet, complete, comply with and abide by this covenant, a any part hereoi, said MORTGAGEE may piace and
pay fw such in~ura~ce or any part thereof without waiving a afixting ~ny option, lien. eqv~ty, w right u~da a by virtw of Ihis Mo~tgage, and the
full amoun~ of each snd every such payment shall be immediately due and payable and shall bear interest from the date thereoi un~il paid at the rate of
nine per cenrum per annum and togethe~ with suth interest shall be seturtd by the lien of this mortgage.
1. To permit, oommit w suifet no waste, impairment or de?erioration of said property w a~y part thereof.
5. To pay all and si~gular the coati, charges and expense~, including ~ reasonable attaney i fee and costs of abstracts of title, incurred or paid at
any lime by said MORTGAGEE, becaux or in the event of the failure on the pa?t of Ihe said MORTGAGOR to duty, promptly and fully perfam, d~xharge.
execute, etiect, complete, comply with and abide by each and every tha stipula~~ons, agreements, condiiions. and covenants of said promisw?y note and thi~
mortgaga any or ei~her, and sa~d costs, charges and expenses, esch and every, shafl be immediately due and payable; whether a not there be no~ice ds
rnand, attempt to collect or svit pend~ng; and the tull srtaunt of each and e~ery such payment shall bear imerest from the ~ate thereof until paid a1 the
rate o( nine per cenrum pcr anuum; and all said costs, charges and expenses incvrred or paid, together wdh such interest, shall be secured by the lien of this
mortyage.
6. That (a) in the event of any breach of this N1o+tgage or default on the part of the MORTGAGOR, or (b) in the eve~t any ot sa~d sums of money
herein referred to be not pro~nptly and lully paid withen thiny (30) days ~ext after the same severatly become due and payable, withou~ demand or notite,
or (c) in the event each and evary rhe stipvlatians, agreements, conditions and covenams oi sa,d promissory note and th~s mortgage any or either are not
~uly, promptly a~d fu~:y performed, d~uharged, executed, effected, complated, compiied w~th and abided Sy, then in e~ther a any such event 1he said a¢
gregate wm mentioned in said promiswry note then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay-
ab~e forthwith, w thrreaiter, at the opfion oi said MORTGAGEE, as fully and completely as il all of the said sums of money were aigins~ly stipulated
to be pa~d oo such day, anything in sa d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon w thereaiter at 1he option of
:a~d MORTGAGEE, w~~hoW not~ce or demand, suit at law w in equity, therelwe or tAereaiter begun, may be prosecuted as if all moneys secured hereby
nad maturtd pno? to its instisution.
7. That i~ the event that at the beginning of or at any time pending any svit upon this Mo+tgage, o? to toreclose it, or to reform it, or fo enforce
payment of any claims hereurtder, said MORTGAGEE shall appty to the Court having ju~~sd~ction thereof (or the appoint~nent of • Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged prooerty a~{ and singular, includ~ng all and singu~ar the income, prof~ts, issues and ~evenuea from whateve~
source derived, each and every of which, it being expressly unde~s!ood, is hereby mortgaged as if speuficafly set forth and described in the g~anting and
habendum clauses F1CfEbf, ar+d such Receiver shall have all the broa~ and effective f~nct~ons 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 maner of absolute right to said MORTGAGEE, snd wi~hout refere~ce to the
adequaq or inadequacy oi the valve of the property mortgaged or to the solvency er insolvency of said MORTGAGOR or the defendants, and that such
rems, profits, income, issves and revenues shal~ be applied by such Receiver accord~~g to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptty and ful~y perform, discharge, exccute, effect, complete, comply wi~h and sbide by each and every the stipulations, agreements,
condit'ans and cuverwnts en sa~d promissory note and ~his mortgage set forlh.
9. That in the evem the ownership of the mortgaged premises, w any part thereof, becomes vested in s perwn other than the MORTGAGOR, the
MOR7GAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successo~ w successor 7n interest with reference to this
mortgage and the debt hereby securtd in the same :nenner as with Mo~tgsgw withoul in any way vitiating or dixharging the Mortgagors' liability here-
under a upon the debt herzby secured. No sale of the premises Fwreby mo~tgaged and no forbearante on the part of the MORiGAGEE or its successors
or assigns and no extension ot the time [a the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or auigns, shal) operate
io releau, dixharge, mod~fy change or aifect the original liabil~ty of the MORTGAGOR herein, either in whole or in part.
10_ It is spec~f~cal{y agreed that time is of the essence of this contrad and that no waivev of any obiigation hereunder ar of the obligaf"wn sr
cured hereby shall at any time thereaftet be held to be a waiver of the terms hereof o~ of the instrument secured herby.
11. In add.a~o^ to the fwego'ng monrhly payments of princ"pal and interest required by tF~e prom~ssory note xcured hereby, mortgagor covenants
and agrces to pay to morrgagee with each mo~thly paymenl an addirional sum estimated by mortgagee to be equal to 1~ 12 of the annual tost of the follow-
ing.
A-All real property taxes levied or assessed against the above desc?ibed resl estate.
B-Pr~•n:~vms on fire a~d windstorm insurance as herein requ~red to be car~ied on the improveme~ts s~tuate on the above desuibed premises.
C-Premiu+ns on such mwtgage guaranty insurar,ce as mwtgagee shall from t~me to time deem fit to carry on the loan secured hereby.
~ Mortgagee she~l (rom time to time no~ify mortgagor in w~iting of the amount due and payabte hereundrr and suth sum shall thereupon be due and
~ payable on the due date o; the next monthly payment and each successive n.onth thereafter until mortgagee shall notify mortgagor of a change in such
~ amount_ Such sums sF.a!I be applied by mortgagee toward the payment of real property ta:es, ins~ra.xe prem:ums, and mortgage guaranty insurawce
j premiums.
j Ifv WITNESS :YHER.~O , he said N10RTGAGOR has hereunto set his hand and seal the day a year first afwesaid_
i ~jie~1 eli red in the presence of: E~
~ ~ , an
~ a~
~Seaq
; ~Seaq
l, • , j
STA7E Of_~~Ort; ~Oraey ~
couNn ' ~'~~~orlmouth
,~.,K.~. :
~f ~r~«j~lj? a~eered James M. MeKeever ,~a
y~= Ci1811~8 HeHeever his wife, to me well known and known to ree to be
: tFw jndiridwb deicyb~ in and who e:ecuted the foregany instrument, and acknow{edged before me that they executed the same tw the purposes
~ lhereL~ ~x ' ~ Claudia H. HeKeever
a~a tr?~ ~~a
iJa1~'1B3 M. Z'~C~@AV@2' a rate and ~v~t~
wife of tFw wid ~P°^ x~ ~
e:am~natwn by me taken sepa~ate and apart from her ssid husband, adcnowledged to and before me that she executed said instrumeM freely and volum
~ tarily and without any compulsion, constraint, sppreh,ens~ar+, or fesr of or from Fxr said husbsnd. q~
WITNE55 my hand and official sesf thi~1 day of A D. 19_~_
~
Notary Public in nd fw the State of ~
~ My Commiuion apiret: ~ y
R~t~~~ To: ~ NoTO,RY P1:?l: ;.~••r ;E:~~r . t ;~.r n
"~q . : ~1
~ Fint Federal Ssvings d loan Association ~y ~ii',ttl;SS;yl1 F~fp~te5 7a:Y 27, 1972 f`~
Oi Fort P~erce. ~ ~
~
~ ~ Fort Pierce, Florida ~ _ ~ ~
~ •Ji ' • . -
~ - i: , . a~' _
c This Instrument Prepared By J. D. Chastain . '
~ First Federal Savings ~ Loan Association ~ ^ '
of Fort Pierce ~ F'101'id8
~
~ Checked By
~ BOOK 1S~ PACE~~~,3 ~
~
~ .
~
fo_'-
' " " _ _ . -_i_' ' _ i;j
_ ~ _ . . . _ _ . .
.~...Fr . ~ . . _ . ~ti.« 9 Ys.Ya'd
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