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Home My WebLink About1366 i S. ?o place and contin~ously keep on tM buitdinqi now or Mr~~ftN sitwt~ o~ said I~nd ~~d on ~II equipm~ru ~rx1 pe.so~atly cova«d by thi~ mw~~ ~pe. w;th ~il pr~miums thcreon pa~d in fuil. f~re ~~?sur~nc~ in tM u~u~i sundard poticy torm, tn ~ tum approv~d by ~he MORTGAGEE, and windstwm 7raw+nt~ 1~ the usw) ara+Kla+d pol~cy fam, in a sum approv~d by fl+ti MORTGAGEE, in wch company w compa~~es u+he MORiGAGEE may dinctj ~nd all tin and w~ndsrorm ir?sur~ncr policie~ on ~ny of said b~iW~nps, ~ny interyl tF~erein w part ther~of. in iM ap9rey~r~ s~m ~foresa~d w tn uccess therwf. ~hali contain ~M uswl :randud mwtyaye~ claus~ o. auch o~M. clauk as tM MortyapN may ~pu~r~. maki~q IIy lOf3 V~1dM NKI ~/0II- c~, each and evKy. p~YaW~ to said MORTGAGEE as ia inre~eit may ~ppear. ~nd esch and ~very such policy ~hatl b~ prompNy as~.yned ~nd d~tivered fo ~ ~ny F~std by said MORTGAGEE as tw~M. iecuriTy w said mat9~ deb~, a~d, nar ku than ron (10) dap in advanc~ of ths ~xpuation of each policy, ro da liw? to said MORTGAGEE s ~e~ewal thereof, topetMr wi~h a roceipt foi the pramium of svtA rer~ewil; and the~~ iha~l b~ no I~re a wi~d~torm insuranc~ placet! on ~ny of said buildirgs, ~ny intereat thK~in or put tMtreof, unleu in tM fwm and with tl+~ loss payabN as afw~ssid; ~nd in tl~ event any :um of moeky becp+~es payable ur~r wch policy w policies said MORTGAGEE shall haw ~M option ro receive and apply the iame on accoum o( the indeb~ed~ ness secwed hHeby w w permit said AIIORTGAGORS ro rsceiw and use it q any parl Ihercof ior other purposes, wi~hovt th:rrb~ waivi~y or ~mpair- irg ~ny pv+ty. litn a ri~ht u~der or by virtue of this mortya9e; ahd i~ thf tvent said MORTGAGORS shall Io~ any reaso~ fsi) ro keep ~he uid premius w ins~red, q tai) b deliver promplly ~ny o~ said pol~cies of inwraoce to said MORTGAGEE, w fail promptly to pay f~lly any premium tlx~efor w in any respett fail b pKform, diuharge, exec~te, tffect, tompkte, comply with and abide by this covenant, a any par~ hersof, iaid MORTGAGEE may place antl p+Y for tuch ieawar~cr or a~y p~rt thereof wirhouf waivinp w affacti~g anY option, ti~n, puity, a ryht ~nder or by, virtw of ~hif Matgaqe. ~nd ~he full arno~m oi arch and every tuch payma+t shall be imrnediately dw and pyab~e u~d shall beu interesl t~om tM dat~ thereof w~til paid ~t the ra~~ ol nine per tw~wm pa anrwm a~d to~ethtr with svcA interest shall be secv~ed by the lie~ of this enwtgaye. 1. To pamit comrni~ or wff~r oo wast~, impai~ment a detes~or~tion of iaid properry or any paM fhe.eof. S. To pay all a~d sirpular the cost~, charges u~d expenses, inclvdin~ a reasonable attomey's fee and costs of abstracn oi title, incurred o~ paid st any time by said 1111pRTGAGfE, beause w in th~ event of the failure on tht pan of tM aaid MORiGAGOR to duly, promp~ly •nd fully periorm, d~uharge, execWe, ~ffect, comptet~, comply with and ab:de by tach and every the sfipulations, ~grea++xntf, conditans, and eovenants of said promi:sory ~ote ar+d ~his mat9ape a~y w e~rhe~. and said cosn, charyes and expe~ses, cach and every. shall be immediately doe snd payable: whether or not there be no?ice da mand, attcmpt ro colkd or wit p~nding; and tl~e fvll amount of each snd every such paymcnt iMl! bea. inreresr from the date ti,e.eo} unril paid at ti~t .are of n;ne pe? centum per an,wm; and al! said cosls, cMr9~s and expenses inturred p paid, togcther w~th tuch imerest, shall be secured by the lien of tha mort~aay~. Q Tlwt (a) in the event of ~ny bresch of this 1Nortga9e or default on the pan of the MORTGAGOR, o~ (b) in the evenf ~ny of sa~d suma of money herein refnred to be not piompfly and fully paid within th~ry (30) days nexf after tbe same sever~lly bccome dve end psyable, wiihou~ demand a r?orice, w(c~ in the event cach and evs~y the slipulatio~s, sgreem~nts, condi~ions and cove~ants of sa~d promiuory note and th~s mortgage any w either •re ~ol iuly. premptly ~nd fully periwmed. d;sd?arged, executsd, e(fected. compl~ted. tompl+ed wifh ~nd abided by, then i~ either or any sucl~ event ths ssid ag gregat~ wm mentioned in s~id promissory note then remaining u~paid, with i~te~est acuued, and all moneys sec~red hereby, shall becpme dw and pay- able forthwith, a tFKreatter, at the option of said MORTGAGEE. ~s f~lly ~nd compktcty as if aN of the said wms of money were orige~slly ~Gpulsted to be psid on wch day, anythin8 in said promiuwy note or in this Morlgage to tM contrary notwithstanding; and th~:evpon or thereafte~ a~ the optio~ of sa~d MORTGAGEE, w~thout notice a demand, wit at law w in eqvity, therefore or thcreafrer begu~?, may 6e prosecWed as if all moneys secured he~eby had matured ptqt to ~ri iruritutioa 7. Th~t in tl» event t!?~t it ~he beginning of or at any time pending any wit upon this Mortgsge, a to fweclose it, w to reform i~, o? to e~fo?cs payment o( sny dsims he~e~nde~, said MpRTGAGEE shall apply ro the Court Mving jurisd~ction thereol fw the appoiroment of ~ Receiver, such Cov~t shall forthwith ~ppoiM ~ ~eccivcY of said mortgaged prqxrty all and singvla?, irrclud~rg all snd singulu ths income, profi~s, issues and revenues from whatever sw+?ce derived. ~ath and. every of which, it beinp exprcssly understood, it heroby mortgaged as if specifically scf forrh and dew,bed in the granting and habeed~rm dauses hereof, ~nd such Rcceiver sMall have all the broad and effective fund~ons a~d poweri in anywise entrusred by a~ourt to a Receive~, and svch appo~ntmeM shall be mule by yuch Court as an admitted equity a~d a matta of absolWe right to said NWRTGAGEE, and witFauf refere~ce to the adequacy a in~deq~acy oi the wlue of the property mortgsged or to the savency w insofvency of said MORTGAGOR or the defendants, and that such renn, proiin, income, issue~ and revenues shaN be applied by such Receiver xcwding to the lien or equity of ssid At1pRiGAGEE and the practice of auch CouA. - 6. To duy, pranptly and futly pe~form, diuharge, execute, effect, compktc, comply with and abide by each and every the stipulations, agreements, cond'tions and cover?~nts in sa~d promissory note and this mort~age sef fwth. 9. TMr in ~he evenr Nro ownersh~p of. rhe mo.rgaped prem~ses. a any psst thcreof, becomes vested ;n • pe~son o~lu+ than fhe MORTGAGOR, rhe MORTGACaEE, iri successws and suigrn, may, w;thout notice to the MORTG~?OR, deal with such iuccessa or uxcessor in i~terest with reference ro this mortgage and the debt hereby secured ie the same manner u wifh Mortgsgp without in any way vitiati~g or dischargirg ihe Matgagors• liability he~a- under w upon the debt hereby srcured. No sale of the Fremius hereby rtwrtgsged and no iorbearance w? the pan of the MORTGAGFE w its successors w ~uigns and no extension of the time fa the payrrKnt of the deb~ hereby secured given by the MORTGAGEf or its s~ccessors or auigns, sha(1 operats ro rNeise, d:scharye, modif~ c)~anqe p affect !hs wiginal liab;l~ty of the MORTGAGOR FKrein, either in whok a i~ pa~t. 10. N is speNfically agreed that time is of the essence of this contract and that ~o waiver of any obligation hereunder a of the obligation sr cvred haeby shall at any time thereafter bt held to be a waiver of the terms hereof p of the instrumem mured herby. 11_ In additio~ to the fotego:ng momhly payments of princ'pal and inrerest required by fhe promiuory_ npte secured hereby, mortgagor covenanrs aru! agrees to pay to mo:~gagee w;th exh mon!hly psymcnt sn add;r~onal sum estimated by mortgsgee to be equal to 1/ 12 of the annual cost o( the fol{ow- ing: A-All real property tsxes kvied or assessed against the above desc~ibed real estata ' B-Premiums on fire and windstorm insurance as herein requ;red to be carried on the improve.nenfz situafe on the above desaibed p~emises. C--Premiums on such mortgage gwranty insurarte as mortgagee sha11 from 1~me to time deem fit to carry ort the (oa~ secured hereby, Mortgagee shail f.om rime to time notify mwtgagw ;n writ~ng of the amount due and paysble hereunder and such wm shall thereupon be due and payabk on the due date of the ~ext mw~thly payment and each success+ve month thereafter ur.til mortgagee shatt notify mortgaga oE a change in such amount. Such wms sF.a:l be applied by mortgagee toward the p~yrrKnt of real property taxes, ins~rance prem:urt?s, and mortgage gwranty insurance premivmt_ , WITNESS YVHER'cOF, the said AM1URTGAGOR has hereunfo set his hand and seai the day and year ~rst aforesa' seakd and „K. d~n th p.ese~ce of: F~~ED ANO lIECQRpf0 ~ LT. ~UCIE COUNTY fLA. ,q l10CER POITRAS CtERK CiiiCUtT COflRt IIECORD YERIftEO ~q 13 t0 ~ AH'~ STATE OF FLpRIDA ,:i;--^ ~ 33. to~~ ~ - st . ~~~e ~ 20 i336 ~ ~ v . ~~y: ~t ~ defae me perwnatly ~ppeued J81~3 W Donaldson _.t ~j~~i - • . • ? ? - Ifld Valeska H. Donaldson ' ~i~' ao ~ +o b. hi~ w' the individwls dtstribed in u+d who exetuted the ~pr~poug insvj~rtieq[, n81C13 befwe me that -1~ .'~=:t~ P~~Poses therein enpressed. Md tFie sa' Yi163K8 t! •!JO 012 b~ ' w~f~ o~ .h. .,d James W. Donaldson ~ ; : •f; - ' ` :~a ~.a examinatan by me taken aeparate and ~parf f?om F?er s~id husband, adv~ovviedped to and before rrM thsf siir~c ~~iC4~ tarily and w~thout ~ny compulsion, corutraiM, apprehension, w fex of w irom her s~id~i~ sband, ' •~-.ra,,;;~.~.• WITNESS my hsnd and official seal th;s 2~i~1 ~y dOV6IDb@T ~.~..D. 19 70 . - *~npi i11~1~~~~~~ . Notsry Public in ~nd fw fhe Siat sf Hotida af lsty~ My Commissiop expires: Return Ta First Fede~sl Savings 3 loan A~sociation ~'K. p{ AOfM~i tt ~N 01 fort P:erce. ~ ~~K~~ ~ nn Fort Pierce, Florids b•e.~ e~r,A.«iu. f+~ a G~Mr u• i This lnstrument Prepared By Richal'd K. l~gyes First Federal Savings d~ Loan Association of Fort Pierce ~ F1oMda ~h~~ By ~ o R _ ~ gg ~1363 ~ ~ . - ~~~~~s.~, y ..ey~ . _ ,e ~r-~~~~~. T_ ~ ~;'w'