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3. To pl~a ~nd oontMuovalr kNp on 1M buihliiqs eow a hN~afr~r WwN on ~ad land aid o+~ ~11 ~quipnwnt ~nd PM~o^dh oewr~d b~? this ewrq~ ~
aq~,, wirh dl pnmiw+~ thu~on paid in fvq, fin Maws~ in tM vwal tu~da.d poliey fan~, in ~ swn appowd by tl+~ MORrGAGEE, a~d wie~tone
MnwM?n M Me w~al sUnda.d pol~cy. fam. tn • wn? ~pprov~d by Nw MIORTGAGEE. in wch eomp~nr a compae?iN M~M INORTGA4EE ~+Y {
~ne~t Md NI hn and wieKbqrm kaurano~ polkiN on ot s~W buildinp~. any M?tat~ thuNn a pM the~wf. M Ih~ apprp~b wm ~fa~td a
In ~caa Nwhot. shdl ooiN~in t1y uwal uW,dwd morqapw clauk a wch al~ clws~ tM Maop+pN ^++Y nquw~. m~kinp ~M loss wKla sa~d poli~ I
ci~s. ~ad~ and ~vtry. WYabl~ w taid MORTGAGEE M iM inlenst ~nap +pp~r. +nd i+ch a~d ~vNy tush poliq ahail b~ prompNy as~yrwd a+d dNivK~d ~o
~ny Mld by wW MORTG/1GEE a iuNh~r secwihr ro s~id morp+p~ d~'?t. and, i+a b~s th~n tM (10) days in ~dvsnc~ of tM ~xpiration of each policy. b dr
IivM to s~{d N1pRiGAGEE a n~ewal tM~~of. ~op~~Fw~ with ~ npipf (w tM pnmiwn ot wch ~~wa1J and th~r~ ihall b~ no f'a~ a wind~~orm hqwanu
p~~ad on wiy of aid bvildinp~ any Intaest tMr~in or prt 1Mrwf, unl~a in the lorm ~r?d with tM loss p+yabl~ as ~foresaids w~d in tle~ ~wnt u~y awn
of mon~y bscomN payaW~ widK wch poticy ur pol;cies taid MORTGAGEE shall Mw tM option ro r~iw and apply 1M sWn~ a? acmw?t of th~ ind~btd~
n~ss s~cw~d lwnby a a pamit s~id MOrtTGI?GORS a naiw and ~ it a anr pan ~Mreo1 fa o~her pu~poses, wcihw~ thacb~ wa~~~~q oc m,p~ir-
iny anY pvity. Ua~ or rpht ue~J~ a bp vhtw of thh mort~ye: and in tM tw~?t a~d MORTGAGORS sh+ll fa aoy rta~a? fail to ke~p tFr said pranis~s w ~
insw~d, or fail w deliva pranptly any of said policies of inwranq to ssid MORTGAGEE, a fail pranptly ro pay fvlly any pnmium therRfor a in ar?y
r~sp~ct fail ~o pafo?en, diuiwrys. ~a~cv~~ ~fi~ct. compl~te, oomply with snd ~bid~ by this oownan~, w any pi.~ hKeof. a~id MORTGAGEE m~y plac~ and
paY fo~ such iiawanc~ or ae?y put M~aeof withovt waivNp w aff~dinp any option, li~n, puity. a ~qh1 unda. o~ by virtw o( rhis Nbrtqap~. and the
full anwwu of sach ~nd wuy wth p~ynNnt shall bt imrewdialNy dw u~d py~bN ~nd sh+ll bear intereil from th~ dat~ thereol ue?~il paid ~t tM rat~ ol
nine pa antuen pu anewm ~nd ro~ethsr with wch in«rest shall b~ aa~wed by the li~n of this mortpap~.
4. To psrmit, oomnit or wff~c no wast~, Mnpaim~ent o? detNiw+tion of siid propaty or ~ny put ther~of. :
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5. To pay alt «d a&~pvtar tM oosts, d~a?pes and ~:p~nses, i~cludinp a riasaubl~ a»arwy's fee ~nd oosn of s!»tracts of titk, iecvrred o? patd af
a~y time by s~id MORTGAGEE, b~u~ or k~ th~ ~wnt of tM f~ilun on ths put of th~ uid MORiGAGOR to duly, promptly ard fu11y perform, d'acha~,
execute, ~ffed. oompkte, comply with u+d ~b~de by ~ad? aod every tM stipufstioro, aproements, cn~ditiw~s, ~nd covenants of said promiuory note ~nd thu
mortpape any w~itha, ~nd s~~d coat~„ clwyas and expens~s, each snd ~very, ~all bs krrnediatety dw a~d payabk: wherl+er a ~ot the.e be r~wice .d~
mand, ~ttempt to colled or wlt psodinp: and tM full ~m 'o# tach ~nd rvery such p+yment ah~~l bsa~ interesl from the date the~eof ~ntil paid at. the
rate of nine per centum per annum; and ~II said costs. chuyes and expensss inwrred w Raid, topethet with siich interest, shaU be secursd by the li~n of tAis
b, ih~t (s) in the event of any breach of this Mwtgay~ w dafavlt on th~ psrt of the MORiGAGOR, or (b) in the event any of seid sums of mw~ey
herein refared to ba ~ot promptly and f~l~y p~id within thirty (30) days next aher the same sevaatiy become due end payable, wirhovt dsrrw~d w ew?ics, ~
or (cJ in the e~ront esch and every the stipul+tio~a„ sgreem~nts„ caxlitio~?s ar?d covensnn of sa~d promiuwy nots ~nd th~s mort~e any or either are oot
iuly, promptly snd iully performed, d~r~ed. exscvted, ~ffsctcd, compt~ted, complied with and abided ~iy, tF~e++ in either or any iuch ~vM1 ths ssid a~
gregaM wm mentioned in s+id promiuory nole then romaininy unpaid. witR inferest acuved, and all moneys secured herebY. shsll becoms due and pay~
able forthwith, O~ f}1lfNf1N~ at the option of said MORTGAGEE, u fully and completely as if ~II of the said wms of ma~ey were wigin~lly stipul~ted .
to be paid on such day, anything in said prom'~ssory rofe a in this Morfpage to 1M ca?trary notwithstandi~g; and therevpon p thereafie~ it the option of
satd MORTCaAGEE, without nat;ce or demand, wit at law or in puity, the~efwe w thereaftcr be~un, may be prosecvted u if all nwneys sacvred hereby
had m~wred prior to in itistitutiqf.
7, That in the event that at the beginn'ag of or ~t u~y time pendi~g sny wit upon this Mortg~_ye, or ro fweclose it, or ro roform it, w to enforq
paymeet of s~yr cleims hereur~de~;
said MORTGAGEE shs{: appty to the Court having jurisdia~«+ thereof fw the appo~otment of s Receiver. wch CouA ahall
fwthwith appoiM a receiver of. said mortgaged property ail and sirg~la?, i~dud~~g all and singvlar the incane, profits, iuues and revenues irom whatever
source derived, eath And every of which, it beinp exptessly vnderstood, is hereby morfgsged as if spet~lically set forth and destribed in the grantirq s~d
habendum da~sa hereof, and wch Receiver sha11 haw dl the broad ~nd effective funa~ons and powers in anywise enuusted by a Court to s Rcoeiver, a~d
wch sppointmenl shall be made by wch tourt is sn admirtrd equity and s mstte~ of absolute righf to said MORTCaAGEf, and without ~elere~ce to the
adequacy or inadeqvacy o! the wlve of the prope~ty matpsged or to the wnrency or insolvency of iaid MORTGAGOR w the defe~dann, and that such
rents, profin, i~come, issoes and mvenues sFull be apptied by such Receiver according to the lien or equity of ~id MORTGAGEE and the ptactice of such
Coutt. .
8. To duly, promptly and fully perform, discharge, execufe, effect, oomplete, con?ply with and abide by each and every the stipulations, agreements,
cwiditions aod oovenana in said promissory note and this martysgs set forth. .
9. That in the event the owrKrship of the mortgaped premises, or any part thercof, becwncs vested in a person othe. thso the MORTGAGOR, ths
MORTGAGEE, ib successon a~d ~uigns, may, wirho~t rwtice to the MORTGAOR, deal witb sucF? successsr w tuccessor in interest wirh reference to this
morty~ye and the debt hereby secured in the sarrw mamer as with Mwtgagw without in any way vitiating ot disthargi~g the Motlgagors' liability Iwra
under or upon the debt hereby secured. No sals of the premises hereby mortgaged and no fwbearenoe qn the paA of ths MORTGAGEE a its warssws
w auigm aad no extension of the time for the psyment of the debt hereby secvred y'rven by the MORTGAGEf w iri successon or sssigns, shall operate
~o release, discharge, modify ch+~ge w affect the wiginsl liabitity of the MORTGAGOR herein, eitha in whole w tn put. ;
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70. h is specifically agreed thst time is of the essence of this contract snd that no wsiver oi any obligation hcreunder or of tM obllyatiort aa-
cured hsreby shall at any tirrK thereaher be held ro be a waiver of the terms hereof a of the instrument secvred herby.
I1. In add'~tio~ to the forego:ng monlhlY payments of princ:pa) snd interest required by tFK promissory note secured hereby. mortgagor coveosnb
and agrees to pay to mortgagee with cach mqnthly payment an additional sum estimated by mortyagee to be equal to 1/12 of the annual cost of the follow-
ing: . -
A
AN ~es! propeity ta:es kvied or assessed against the above described real estata
B-Aremiums on fire and windstorm insurance as herein requ~red to be carried on the improvemenb situate on tMe sbove described premises.
C-Premiums on such mortgage gwranty inswar~ce „+s mwtgsgee sh~ll from time to time deem fit to carry on the loan setured hereby. -
Mwtgagee s6at( from time to time notify morrgago~ in writing of t1~e ama~nt due and payable hereunder and such wm shall thereupon be due and
payabk on the due date of the next monthly paymeM and each successive month tFkreafter urtil mwtgagec shall notify mortgagor ef a change in such
amouot. Such sums shall be applied by mwigagee toward the psym~nt of real property ta:ea, inwrance prem;ums, and mwtgage guaranry iirsutanca
premiwns. . "
IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand snd sea) the day and yesr fint aforesaid.
Sipe Se ~i,' ~ plivered the preseace of: a
s ~ n
n
ne o e nrg o
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STATE OF F~( ~@Ati11C~1 ~
Courmr oF - Bath
e~o.e ~ ~a»uy .~.~a . ~ ~rnaitt MeClurg .,,d
Cloie ~'lC~L1I'Q " his wife, to me wefl known and known to me to be
the individwb described in end who eaecuted the foreyoir~ irutrwnenL o~d +cknowledged befwe me that they executed the ssme for the purposes
rhere+n expressed. /?nd the sa~ Cloie MCC.1112'g
wife of ths said - ~tt ~'~CC]-u2'~ upori • sep~rafs and priv~t~
exam~naYwn br me taken sep~rate and epart from her said hvsband, ~tkrwwledged to and before me that she executed said imtrument, freety and volwr
tarity and withovt sny oompu&ion, constraint, appreF~sosion, p fep of or from her iaid husband.
wirNess mr ~,~d o~,~;~i ,e,i th~ 13 d+Y ~ J ~ a u. _
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Ystar~ Pnblia !er Baf~h Q~., Bentna]eT M,, ;~,;o„ expres: Ds bst 2: !
Refum Ta
Fitat Federsl Savinys 3 Loan At~ociation +~~t'I
`~t~,+~.~-,;,~•: ;
Of Fwt P~erte. ' : ~~~Er~
~~<•'~~;isi'y, f~s"~;
fott Pierte. Flwida • ~.-.-.'I~'*-fr, ;
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s s ;ta , ~
This Instrument Prepared By ~ChalYl K. K~y~es l: ' i;~
First Federol Savings 6~ loan Association - i.r},,
; ~r~r..-~..
of Fort Pierce , Florida ~ ~,~i~;.:
~ d~. .,c~-
Checked By ~.j' y~,. ~
:r. •4.~_
s~c ~ .
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