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9. ~o place and continuous~y keep on the bui!d~ng~ now or hereaiter •ituate on said Iand a~d o~ all equip~nent and personally covered by this mortg-
sgs, with all premiwn• fhereo~ pa:d in full, Gre insurance ~n the usual standard potity form, in a sum approved by ?he MORiG~GEF, and Yrindstorm
insu~ance in the us~al sTandard pol.cy lo~m, in a sum app~oved by ~he MORTGAGEE, in fvch compa~y or compan:rs aa Ihe h10RIGAGEE may
d~recl; a~d all lire a~d w~nd~torm insurance policies on any of said build~nys, any inte~e~1 lherein or pa~t thereoi, in the agg~cgate ~um •faesaid or
in extess Ihrreof, ahall co~ta~n the usuai ftandard ma~9agee tlause or tuch other cta~se as ths Mwtgagee may ~equ~re, making ~he los~ unde~ sa~d po~i-
cies, each and eve~y, pay.+bte lo said MORTGAGEE as 1ts inte~est may appear, and ea:R and e~ery such poficy shalt be promp~ly ass g~~ed and del~vered to
any held by sa~d A10RTGAGEE as f~nhar security to said mortgage debt, and, not less lhan ten (101 days in advance o1 fhe eapirotion of each policy, lo de-
Gver ro said MORiGAGEE a renewal thereof, together with a receipt fw the prem~um of such ~enewal; and there shall be no frc or wi~~daror~n insurance
plated o~ any o1 sa~d b~~ld~nge, any intere~l thcrein or part thereol, unlcss in the form and with the ~oss payabie as a(oresaid; and in the r+e~t any sum
of rtw~ey txcomes payable undcr such pelicy or po~~cies said M0~2TGAGEE shall have the opt~on to recr~ve ~nd apply the aa~ne on accou~e~ of the indebtrJ-
ness sec~red hereby or to permit aa~d MORTGAGORS to receive and use i1 or any Rart thereoi lor osii~r pur~~ases. ~•~~~ho~t ihr~i~~ w..~.~,7 cr ~~npu~~-
in~ any equ~ty, lien w i~~ht undrr or by virtue of Ihis mo:!gage; and in the event is~d MORTGAGORS shall for any reason fail to keep thc sa~d premisrs so
insured, or (sil to deliver promptly any of said pol~eics of insurance ~o sald MORTGAGEE, or fo~l promptty to pay fu~ly any p~e~nwm therefor or in a~y
reipeU tail to pe<<wm, d~scfiarge, exec~te, eflect, comp~e~e, comply with and abide by thii cove~an~, a any p~rt herewi, sa:d MGRTGAGEF inay place m~o
pay fw such inaurence or any part thereof wi?hout waiving a af(ectiny any option, (ien, equity, or r~ght ~nder or by vir~ue of th~s Morigage, end tht
fu!1 a~nount o( each a~d e~ery such payment shall be immediately due and payable and tlcalt bear imeres~ fiorn the datB thcrcof u~~~il po~d at the rate o1
n~ne per cen~um per a~inu~n and ~o~ether vrith su:h iote~est shaU !x secured by the lien oi this mor~gage.
I. To permit, commit or suffer no waste, impairment or deterioration ol said proprrty o? any parl thereof.
5. To pay all and singular the cosls, cha~gec and expenses, including a reasonable attorney's (ee and cosrs ot abstracts of titte, incurred or paid at
any rime by said MORIGAG:F, becau:e or in the evenf of the fa~lure on the part of tAe said MORiGAGOR to duly, p~o~~~pNy and fu~ly perform, d~scharge_
a.ec~te, etfect, canp:ete, co+z~ply w~th a~d ab.de by each end every ~he stipu~anons, agrreme~ls, conditions, and cove~~ants of sa~d pro~niuory note and ~h~e
~~ortgage any or e~sher, and sa~d costs, charges and expenses, each and every, shall be immediate~y due and payable; whether or not there be nohce de
mand, atlempt to collect or suit pe~~d~ng; and Ihe full amoum of each and every auch payment shall bear inreres~ ~rom the date thereof vnt~l pa~d at the
~.~+e o+ n~ne uer C.:ntu~n pcr an~~~ n, a~.d all said cosrs, charges and u, enses irxu~red or paid, toge~her w~th wch ~nte~est, shall be secured by the fien ot th~~
mwtyage.
6. T1+at (a) in the event of any breach ot this Mwtyage,or default on the part of the MORTGAGOR, or (b) ~n thE eveM any o! sa'd sums of money
herein re~erred to be not promptly and fully pald wirhin th.rfy (30f days nezf atter the same severa'!y become d~e and payable, wuho~t dema~d or nohce,
er in thr evem each and every the stipv~ations, agreemems, cond~no:~s and covenants of sa.d pro~~~isso~y note a~~d th,s mortgage any or e~ther are not
~uly, promptly and tul~y pe:iormed, d:acharged, execured, effeaed, canpleted, compl~ed with and ab~ded Sy, then ~n e:fher or any such event the ta~d ag
g~egate sum ment~oned +n sa~d prom~ssory note then rc~naining unpa~d, wi~h inte~est acuued, and al~ mo~eys secured hereby, ehall become due and par~
ab:e fo~thw~ih, or thetca!tc~, a? the ophOn o) said MORiGAGEE, as lully and tompleiely aa if all o( the sa~d wms of munry wese onginally iep~iated
eo t+e pa:d cv+ svch d~y, anyth~ng in sa.d p~om;asory note or in fhis Mortgage to the cororary no~w+ihsrand~~~g, and there~pon or ~hrreefrrr at the opr~on of
sa;d MORTGAGEE, ~n~tM~~ut not~ce or demand, suit at taw w:n equ~ty, therefore ot ttereafrer begun, may be prosec~ted as if all moneys secured hereby
nad matuted pr~or to ~ta ~nstrt~non.
7. That in the event 1ha1 at the beginning oI w at a~y time pending any su~t upon this Mo~tgage, or to foreclose it, or to reform e+. t+r tn enfwte
paymem o~ any daims he~eunder, said MORTGAGEF shal{ apply ro the Court having ~urnd~ct~on thereof (or the appo~m+nent of a Rece~ver, such Covr~ shaU
For~hwith appoim a.ece~Yer of sa~d mortyaged prooerty all and singu~ar, incl~dmg all a~+d singular the incon,e, prohu, issues and revenues from whatever
sovrce derived, each and eve~y of wh:ch, it be~ng expressly understood, hereby mortgaged as if speuhcally ser for~h and described in the grenting and
habendum c~a~ses hereoi, and wch Recei~er shall have all the b~oad and effecnve func!.ons and powen in anyw~se emrusted by a Covrt ro a Receiver, a~~d
s_ch appointment sh~it be made by svch Cou~t as an admitted equity and a matter of absolute right to sa~d MORiGAGEE, and without re~erence to the
adeq.raty or ~nadeq~a:y o4 the value of the property mortgaged or to the ao~vency or ~nso~vency o( sa~d MORiGAGOR or the defe~~dann, a~d ~hat such
e-~!s, proi~ts, inco~ne, isa~es a~d revenues shall be applied by such Receiver accord~ng to the lien w equify of sa~d M~RTGAGEE and the pract~ce of such
Co~rt.
8. To dv:y, oromptty and ful!y perform, d+scharge, execute, effect, complete, comply w~th and abide by each snd every the stipulat~ons, agreemenq,
;onditions and covenants ~n sa~d prt~miswry note and thls mortgage set ~orth.
9. That in the event the ownership of the mo~tgaged p~emises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the
4tCRTGl~GE`, its s~ccessors and assigns, may, without no+ice to the MORTGkOR, deal with svch successor a s~ccesso~ in interest with re}eronce to th~s
mo-tgage and the debt hereby sec~red in the fame man~er as with Mbrrgagor without in any way vir~ating or d~scharging the /~lortgago~s' liabiiity here-
;,nder or u~ron fhe drer t,e~rby sec~~ed. No sale of the prem~ses hereby mo.tgaged and no forbeara.+ce on the pa.t ot the ?dORTGAGEE or its successors
e~ ass~gns and no ex~ens,on of rhe ame for the payment oi the debt hereby secured given by the MGRiGAGE'_ or ~ts succsssors or ass:gns, s~~all operate
io retease, d~scharge, mod~ty char.ge or affect the orig~nal liab~t~ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec,ficaSly ag.eed that time is o( the esxnce of this contract and that no waiver of any ob~'gat~on hereunder or of the obligation se-
cv~ed hereby sha~~ at any time thr~eaher be held to be a wa~ver of the te:ms hereof w of the instrumem secured herby.
11. In aod ~ o~ +o the ~orego ng mo~th'v paymems of princ pal and interesr requhed by rhe pro~~ sscry ~~o•r secured hrreb~. morigagor covenants
~•~d ag~ees to pay to mstgagee w~rh each monrhiy payr:,ent ar. add~rional sum est;mared by mortgagee to be eq~al to 1 12 oi ti~e annual cost of the follow-
A-Ali r~a1 prope~ry taxes le•ned or assessed e~ai^st thc above described real estate.
B- F.e:*• ..•:~s on f;re and windstorm ~nsurance as here~n ~equ:red to be carried on the ~mp:eveme~es s~t~ate on the above d=scr~bed p.emises.
C-Prem~u~rs o~ svch mort3age guaranty i~wrar.ce as mortyagee shail from t me to tfine deem fit to carry o~ the toan secvred hereby.
hlwtyagee s^a'; ~~~e to t~me .^•cTify mertyagor .n writ~ng of the amou~t d~e and payable hereundrr and such su•n shal! therevpon be due and
.~.abie on thr ci~e da•e of the ~~^xt month:y payment and each successive :ronth thereaher ur~t~l mcrtgagee shall notafy mortgagor of a change in wch
j •.~unt_ Such sums s' be a; plied by mortga~ee toward the payment of real property taxes, insvrance prem.ums, m~d mortyage guaranty insurence
i : ~emi~ms.
` IN Y11TNE=`, 'NHER:OF che sa~d MORTGAGOR has hereunto set his hand and seal the day a year first foresaid.
~ S~g , Sezled ard deliv
ired in the presence of: ~--l~~'~~ -
E ~ i ~ _ ~ ~'j,7 O.i. ~A~ (Ses4
~ (Seal)
~ \ ~ _S'_ A _ _ ~ _ ~ Lt :~A {Seal)
~ _ lSeal)
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5~:.'E OF fIORIDA ~
~ St. Lucie u•
~.:uNrY oF
Befo~e me prsonaHy appeared ~n81d Ci. B1 O1~R1 and
~ Lillian B• BZ'O~bin ' his wife, to me well known and known to rree 10 be
~ !'r.e ind~viduals described in and who e:ecuted the fwegang i~strument, snd acknovrledged beforc me that they executed the same for the purpose~
rhe+ein exp~essed. And the :aid-_ •i 11 i~1 R_ ~2`Otm ~
,N~fe of the sa~d - Al(i BZ`dY[l upon e separate and p~iv~te
e¦am~nation by me tairn sepa~ate and aparl from her sa~d huaband, acknovvfedged to and before me that she executed said instrument irceiy and volun-
ran~y and w~~hc~t any computsion, constraint, apprehens~on, or fear of or irom her taid husband.
~3
WITNESS my hand and affFc~ai seal this_ y~~< - day of ~ e~ber A. D. 19 ~
~ <.1~~~ eti
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~ Not~ry public in and for the State of Fbr~da at larye
y My Cortwnistion eapires:
~ Reru~~ ~o: ~~,,~~"1t1~~~+~r. 1~~ MIBUC~ STAI~ Of RORIOA AT UIRCE
F;rst iederal Savings 6 loan Aasociat~on (j . y~~ COMMISSION EXPIRES SEPT. 23~ 1973
~ Of ~o.+ P e~ce. ~~~DED iHRll FRED fll~ DIESiQHORST
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Fort P~erce. F!cr~dj ~
: .:~svz_•;
= tT. C'p~;.~.•_ ;
, F~~o nNO R~coROEO~
.
~ - f :4~h:~Y : ~ ~ ST. LUCIE COUNTY. FLA.
Th~s Instrument Prepared By John W. ;0113~ :;~d`~J~~'~$';' HFCORR V~RlFIED
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First Federal Savings 8 Loan Association ~•r~ ~~g`7'''! 9
of Fort Pierce~ Florida r/~i•-•r
'TQ SEP 22 PM 1: 30
Checked By _ - - ~ ~
Q CLERK CIRCUIT COUR?I a
BOOK ~U 1 PACE 5S~
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