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S. to ptaa ~nd contNxiou~iy Iu~P on th~ buildinpt now o~ AK~afta ~itwh on Nid land and on all putpnwnt and pasonaliy covK~d by thit nart¢
ap~, with dl pr«niw~a tMr~on pa~d in ivll, fin kuwanu in tM usual uand~rd poiky laen. i~+ a sum app~owd by Ih~ N?ORiGAGEE, ~nd wind~rorm
Mawana M tM ww) ~undud polky fan~, b~ wm +Pprowd bY th~ MORTW?GEE. in wch cdnpK?y a oanpini~s u tM MORTGAGEE m+y
~nctt ~nd aN fin and wwdalonn i~ana polkies on amr of uk buiWin~q„ am intem~ tl~~in or put tMrwf, in tFw ~pqrpat~ wm ~taaaid a
In ucaa ~Mrwf. sh+li oomain tM vwal uand~rd mo~+~apN d~vs~ a wd~ otMr daw~ a~ tM MortyayN may rpu'u~. matinp tM Iws und~+ said polF
ci~s, ~ad~ and ~wry. pYabl~ b said MORTGAGEE a its 1~+t~r~st nwy a+d each a~d ~w?Y ~uch Policy ~hall b~ promprly ass:yned u~d deliv~red to
My Inld by said MORTGAvEE q iwthu atwity to Mid mortp~ d~bt. and. ew I~sf tFw~ ~a~ (10) d~ys tn adva-~e zf tF~a a:~.3ratan ot sach polky. to dr
liwr ro wid MORTGIIGEE a ra~tw~l tANwf, top~~ with ~ no~ipt fa th~ p«nium of wd~ r~n~w+lj ~nd tMr~ sMll be no fa~ or wind:~am insw+oc~~
ptaad an a+y of said bvildi~ps, ~ny imerat tMr~in or put tM.~of, unbss In th~ form ud with IIN loss paY~bt~ a ~Mnsaid~ and in ths ~wn1 ~ey wn+
of mw»y b~CpM~ p~ysblt u~~Nr wd~ polky or pclici~s pid MORTGAGEE shall Mw tM option to ncaw aod ~pplp tM ~xn~ on +cmw+l of tM ind~btad~
rNSS y~ow~d t~a~by or p psrmit said MpRTGAG(iRS p np;w ~nd us~ h ot any pxt the~~of fw other purposas, without thxeb~ waivinp a impair•
Mp anY puity. li~n or ripht w~der w by vktu~ 01 this rtwrt~ap~7 s~d N+ tM ~wnt ~id MORTGAGORS shall fa any ttason fail to keep the said premiset w
k»w~d, or fail W d~livs~ panptly ~ny oi s+id po~ities ol kuunna to Nid MORTWIGEE, w fail prompdy 1o p~y fully ~ny premium th~refor w in ~ny
nsp~ct fail q p~rform, dixhu~. ~x~t~ ~ff~ct. compl~t~. oomply with ~nd ~bid~ bp this cov~nanl. or ~^y W?~ hereof. ~+id MORTGAGEE mry pl~u and
WY for such irowaac~ or ury put tl~wf witho~rl wsN&g or ~ff~ctinp +nY eP~ion. ~ien. ~qvib. w ryht w+d~~ or by v~rtw of this Mo+t~e, and the
full amarM of ~acl~ and ew~y wch p+ym~M shill b~ imMd'ately du~ ~nd p+yabN and sh~ll bsu interett from th~ dat~ thereof vntil paid at tM ra» ol
nine p~r cantum psr snrwm and topelhx with wch inte?ett sh~ll b~ securod by tM li~n of thb mort~+p~.
1. To pKmit. aommit or wff~r ra w~ste, impaum~nt or deterioratwn of said pcopKty or ary put thereof. .
S. To p~y all and sinpvlsr ih~ coat~. d+~ryet +nd ~xpa?s~s. ir~lud~g a rtasonabl~ +ttomey's fee snd cwb of abstnctt of titls. i~xu~~ed or p~id s1
any tim~ by s+W 1NORTGAGEE, b~ca~ns or in tM swnt of tM fail~n on th~ p~?t of tM said MORTGAGOR to duly, promptty and fully perfwm, d~schar~
execut~. sff~ct. canpxte, aomplY mr~'!~ ~fd ~bid~ by ~ath a~d every t1M sfipulafio~s, ayreemenq. conditan~, and oownann of iaid promiuory not~ and thu
mortge~e any or atMr. u~d taid costs, clwy~s and exp~ns~a, e~ch and ~very, sh+ll b~ imrnediatefy dw and p+yable: whether w not tl~~ be notice ds
mand, +n~mpt to collact a wN ~wndirgt +~d tM f~ll ~rrio~rnt of• sach and every wch p~ymem ~11 bear interest from the date thereof unti{ p~id at tF+t
rate of nine pa csntwn per anwm; and all said oosts, clw~es and expe~?ses inaxr~d or paid, togetha with suth imerest, sMll b~ aecwed by ths lia? of thit ,
maty+ye. !
6, Y7+~t in the ewM of any b?each oi this Mortp~pe o? defautt on the part of the MORTGAGOR, or (b) in the event soy of ~sid swm of naneY ;
hcrei~ refer~ed to be not promptly and fully paid within thirty (30) days next after the same severally bacome due and payabk. without demand w aotice. i
or W In tM event euh and ~very tl+~ stipvlatia+t„ agretenanh, conditions snd coven~nts of sa~d promisswy note and th~t mortpays any a either are not
~vly, promptly and fvlly pafamtd. disch+~pad, exscuted, effected, compl~ted, compfied with and ~bided by, tl~en in either o? ~ny such ev~nt tM said ag
preyat~ wm meMioned in said promiswry note then ran+inirg unpaid, with interest ~cuued, and all moneys secvred hereby, tiuii cecome dw a~Ki ~.sy- -
able forthwith, w thereafta, at tFa option of said MORTGAGEE, as f~tly and compktely as if all of the said wms of money were originally stipulated
eo be pid on such day. aoythin~ in said promissay rwte or i~+ 1F~is Morl9spe to the contrary notwitMtsnding: and thereupon o? thereafter ~t tM option of
said 1NORTGAGEE, witho~t notice or dem~ncl, wit at law or In equity, tMretore or thereaher bepun, msy be proxcuted as if ~II ma~tys s~ard hereby
FWd rrwtured priol fo iri inttitution.
7. That In the evetM tl»t at the bcginniny of o,r at u~y time pend'~g ~ny wif upo~ this Mortyage, or to iweclose it, w to rsform it, or to enforae
payment of any dsims he?euode?, s+id MORTGAGEE shall ~pply to the Co~n havinp jwisdlction thereof for the appantment of s Receiver. sucl? Court sh~ll
Forthwith appoiM a recciver of said mortgsged property all and sinpulsr, indudup all and singulu the income. profits, issues and revenues f~om whatever
•ource derived, esch ar~d every of wfi~ch, it being ~xpreuly unders~ood, is hereby mortgaged as if speNfically set forth snd desuibed in the 9r~nti++p snd
habendum dauses hereof, and such Receiver shatl have all thet6tosd +nd effective functa~s and powcrs in_anyw7se entrusted by ~ Cw?rt to ~ Receiver. ~nd
:uch sppointmem shall be made by wch Court as an admined equity and a m~ttar of sbsolute r'ght to said MORTGAGEE, ~nd without refera+ce to ths
adequacy a insdeqvacy of the valvs of the property morlg~pe~.er~to the sotvency or insotvency of said MORiGAGOR a the defendants, and that svch
renn, profits, incane, issues and ?evee~res sMll be applied by wch Rete+"lrer accord~ng ro tM lien o~ puity of said MORiGAGEE and the practice of such
Court. -
S. To duly. p?omptly and fully perform. ~iu~ye, exeevte, effect, oonpteta. comply with ~nd abide by each and every the stipulatiorn, agroeme~ts,
cond'd'am and covens~ts in said promissory eat~ and this mottgsg~ set forth. j
9. That in the evant the ow~enhip of the nw~tyaped premises, o? sny put theseof, becomes vested in • person other than the NIORTGAGOR, th~ '
MORTGAGfE, iri succeswn and suigns, msy; withouf notice ro the MORTGAOR, deal with wch wccesso? or successor in interest with reference to this
mort9a~e and the debt hereby secvred in the s~ marr~er as with Mwtysyw without in ~ny way vitiating or d~schargirg the Mortgagors' Iiabiliry here-
under a upon the debt hereby secured. No s~k of th~ premites hereby matgsged ana no forbearance on the pan of the MORTGAGEE w in wccesson
w asaig~s and ra extension of the time for tFw p~yment of the debt hereby secured yiven by the MORTGAGEf or ib successas w.auigns, shall operate
ro release, d~xl~arge, mod~fp d~+n~e or affect the original liability of the MORTGAGOR he?ein, either in whole or in p+rt.
10. It is "spec~ficslly agreed that time a of the essence of this comract snd that no wirver of amr obl'gaYan hereunder or of ths obli~stion sr
cvred hareby shall at any time thereafte? be held fo be + w+iver of the ierms hereof w of the instrumeM secured he!by.
11. In add~tion to the faego:ng monthly payments of princ"pal and interest required by the promissory no~e secured hereby, mwtgsgor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgsgee to be eq~al to 1/12 of the annual cost of tF~e follow-
i~g: ;
A-All real property taxes kvied a assessed against the above described re~l estate, ' ~
B-Premiums on fire snd windstwm ~nsurance as herein requued to be carried on the imp?ovements situate on the above described premises. j
~ C-P~emiums on such mort9age 9wr~^tY inwrance u mortgagee shall from t~me to Yune deem fit to carry on the ban secured hereby. '
~ Mwtgagee shall from time to time notify morsgsgor in .writing of the amount due and payable he?eunder and sud? wm shall thereupan be dve and
! payable on the due date of ~he ~ext montbly payment and each successivs month thereafter until mortgagee shsll notify mortgago? of a charge in such
amount. Such swns shall be applied by mortgagee toward tFa payment of real property taxes, insurance prem:vms, and rtartgage guaranty insurance
~ premiums. •
f IN WITNESS WHEREOF, the said HIORTGAGOR h+s hereunto ssf his hsnd snd se~l the dax.and fint ~fwesaid.
~ ' ~ °^d'~' a°'~° FILED AND RECORD~~' _
~ ST. LUCIE COUNTY. Fl . ~ ;
k~~~4~E~O}ED n :
~ . n ~
'TO JUN i 0 AM 9: 26
STATE OF FLORIDA
SS.
COUNTY OF S'~ • -L+C~ P _
eefon me ~«so~+~~r .~.ed r AS a„d i
Valazie CaY ha wHe, to me well known~and knawn to me to bs
the in~vldwls desuibed in and who executed ths forepoiny instru~r?ent. and ~cknowkdyed before ms that they executed the same fw the purposes
therein expressed. And the ~ai~ Vala=ie Carswel~ i
w;fe ~ James Carswell ~ j
, ~+Pa+ . sepa..te .nd wte
examinstion by me taken sepsrate snd ~aart from ha said husband, aduwwled9ed to snd befpe rtw thst she exearted ssid ir?stn?ment fr¢ely ~nd volurr i
rarily and witho~it +~ry? compulsion, co~utrsint, apprehe~sigy a fear of o? from her ssid lwsband. ~
WITNE55 my Fand ~nd official sesl tFi~ f ZiG day of ll[1@ A D. 19~Q_
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- Notsry P~r in for the t~te of Florida ~t lar~e y
' . My •~a: /9 7'/ ~
Retwn Ta ' ~
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Fint Federal Savinys 6 Loan /lssociation . . , , ~ s f U t; i
~ . • '
Of fon Pierce. ' ~~.i-:;;`~~ir +~t ~K, ~8~! Qf ~Of1~ i~ ~9~ ;
~ ~ : - = ~ ~ ~mmission Ezpira IW9. 6.1971 f
Fort Pierce. Flwids • ~ ,
, .•C ,f~~. ~ . . r iMMd M A~r1w' ~ ~ cawrlf~ !iM ~
~ ,~,t ~
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- . . Q ^ _ ~
This Instrument Prepared By ~~hn. S. Brauri y l : o~' ~
First Federa) Savings d~ loan Associatio~ . i . v
of Fort Pierce , Florida - ; t~;
. •..:f p
c~ = ~,y D~~
~~~~'`1~ _ .
Checked BY -p"` F . eµ»> .
0 R " " _ "'Y . ~
~fl~ ~.85 P~ ~'~1 ;
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_ - y~. ~ ,r~,.,,,,.y '
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=y_~~ .