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3. To plat~ ~nd toMiiaiously k~sp on ih~ b~ildings now a M~taftN Wtwq on uid la~d ~nd on ~II equipment ~nd personatly covtrad by this mat~
p~, with ~~I pr~miwm tht~eon pa~d ie? fuil, iu~ insuranc~ in tM u~ual s~andard poticy (orm, in • sum spp?owd by tM MOR~GAGEE, and wlr+dstam
in~x~nc~ h th~ uiwl s~andard poGcy fa~n, in • wm approv~d bY th~ MORTGAGEE, in wch company o~ compa~ies ~s th~ MORTGAGEE may
di~K.lj ~nd ~II fir~ and windswrm i~sw~na polkies on any o1 wid b~ild~nps, aoy iro~rat ~herci~+ w pa~t thereol, {fl IM i~re~~f~ K+m afo~~said a
In ~xc~as tM.wf~ sMll contain ~M ~nwl i~andard mwtya~e~ cl~us~ or suck alwr cla~~ u tM Ma~pap~s mRy rpua~, makirg the tou und~+ sa~d poi4
ciy, ~ad~ and ~wry, p,yab~s w said MORTGAGEE as in i~tKat may ~pp~~r, and e~ch and ~vay s~ch pol~cy ~hall b~ promptly su.an~d a+d d~liver~d. ~o
+oy heW by said MORTGAGEE ~s furthK secu?ity to ~aid mortpap~ d~bt, and, not I~u 1t~+ teo (IOi. d+ri in sdv+nce of tl+e ~xp+~~t'+on of tKI~ pOlity. to da
tiwr to aid MORTGAGfE a rt~+ewal thcreof, fop~thN with a rect~pl fOr tAe prNnivn? of suth re~ewal; and 1her~ shall be no fire or winds~wm in~urants
pl~cad on ~ny of s~id lwildinys, any i~tersat thK~in or p~~t tM~eof, unkss in th~ lum and with th~ bss payabl~ at ~to~esaidj ~nd in the ~veM ~ny s~m
of nan~y becana payabM w~de~ wch policy or polici~s said MORTG/IGEE :hall haw ths op~ion to ~eceive and +pply the same on acco~nt of tM indebted~
+KU seNr~d !»r~by q b petmil tsid MORTGAGORS 1o receiw and uk it o~ any part thereof for othc~ pu~poses, wi~hout ~h_~eb~ waivi~y o~ ~mpain
ie?p any equity, IiM a?qht undar or by vutw of this mort9apet aed in tM ~vent ~aid MORTGAGpRS thall tor a~y reasa~ fai) to keep the said premises so
ins~red, ot fait to dtliwr promptly any of said politlss of inwru?ct to said MORiGAGEE, or tail promptly to pay fully any premiu~n therefor w in any
resped fetl to p~rform, d~scharge, exacute, effecl, compl~te, comply with and ~bide by this covana~t, w any part hereof, said MORTGAGEE may plsc~ •nd
peY fw :uch inwr~nt~ pr ~ny p~rt thereof without w+ivinp w aff~ttFrg any opteon, llen, eQuity, ot righl unde~ o? by virtue of Ihi~ Matys~e. and the
full amount of each and ~wry :uch p+Yment sh~ll be immediately dw ~nd p~y+bk and shall bear iroaest irom ths date thereof vmil paid ~t the rata ol
nine pe~ cantum ps~ annum snd togetl+er wilh such intNeat thall bs secvred by the lien of Ihis mortpaye.
4. To p~rmit, commit w wffe? no w+ite, i~npaGm~nf w daterioratan of saW properry or arty part thereof. '
S. To pay atl u~d sinp~lar the cosn, cMrpes and exp~nses, includ'eng a rcasonaWe ananey's fee ~nd ws~s of abatracts of titte, incur.ed or paid at
sny f'une by said MpRTGACafE, beca~se o~ i~ the tv~nt of the failure on ths part of ths said MCRTGAGOR to duly, promptly and fully perform, dixharqe,
axecute, effect, complet~. comply with aod ab~d~ by ~xh and every the stipuiations, agreements, corKlitions, and oovenann oi sa~d promissory note and this
mo~tQape any or eiiher. and ~aid cosn, chuyes snd expenses, ~ach and every, sMlt be immediatety due and psyabtc: whe~her a no~ there be notice de~
mand, attempt ro colkct or suit p~oding; ~nd tM full amo~M of tach and every wch payment shall bea? interest from ths date rhereof until paid at the
rate of nine per ter~tum per ~n,wm; and a!1 ~aid cost~, thaiyes and exp~nsQS inn?rred or paid, together with such interest, shsll be secured by the lien of thu
"qrtp~-
6. That (s) in the ev~nt of any breach of this Mortga9e w defaull on tM pan of the MORTGAGOR, o~ (b) in tFe event any oi sa~d sums of mw~ey
herein referred to be rqt promptly ~nd futly paid within ~hirfy (30) days next airer the same feverally become due snd payable, without demand a notice,
o~ in the event eath and every 1M stipulatioes, ~greemenb, conditions and coven+~n of sald promiuory ~ote and this morlpage any w either are not
~uly, promptly and fully performed, diacMrged, exst~ted, tffected. tompleted, complied with and abided by, then in e;ther a any iuch event th~ iaid ag
g~egatt Wm mentioned In said promissory note then rem~ining unpaid, wilh interest acuued, and all moneys stcured hereby. shall become dw aod paY
abfe fwthwith, w thereafter, at the option of sai~ MORTGAGEE, ~i fvlly and comptetely as if atl of the said sums of money were wiginatty stipulated
to be paid on such day, a~ything in said ~xomissory rwte p Fn this MortQage ro the contrary notwithstanding; and thereupon or the~eafter at the option of
said MORTGAGfE, withovt notKe or demand, wit ~t law w in equiy~ 1F1NQF0(Q Of TFKfNf1K begun, may be prosecuted as if all moneys secured hereby
had matwed ~ar to its irotitution.
7. That u+ ths event rhat at the begirwrirg of or ~t any time pend'eng any wit upo~ tha Mortgsge, or to fweclose it, a to reform it, or to enfores
payment of any claims hereunder, 'said MOQTGAGEE shall spply to the Court having jvrisdidion thersof fw the appoimment of a Receivtr, svch Covrt shatl
forthwith ~ppoint a nceiver of said mortgaged p~oQfrty all u~d sirgulu, irxiud~ng all and singular rhe incoir~e, profits, iuves and ?evenues from whatever
wurce derived, each and every of which, it beirg expreuly understood, is heteby mwtgaged u if specifically set fpth and descri6ed in the granti~g and
habendum clauses hereof, and wch Receiver shatl have all the brosd and effecrive funct~ons snd powcn i~ anywise entrusted by a Court to a Receiver, and
wch appointmeM shall be msde by such Gourt as an admitted eqvity and a m+ttes of absolute right to said MORTGAGEE, snd without reference to ths
adequacy or Fnadeqvacy of the wlue of the property mortgsged or to~the sohrency or insolvency of said MpRTGAGOR or the defer,dants, and that such
rents. profin, income, iuues and reveoua aMll be ~pplied by such Receiver saording to the lien w eqviq of said JWORTGAGEE and the practice of such
Cowt.
8. To dub, promptly and fvlly perfo~m, dixhargs, execute, effect, compkte, eomply with ~nd abide by each and every the stipulatioro, agreements,
condiYam and coven~nq in said promissory not~ ~r?d this mortgaye set fwth.
9. That in tt~e event ti+e ownership of the mortgaged premises, or a~y psrt thereof, becomes vested in a person other than the MORiGAGOR, the
MpRTGAGEE, in succeswrs ~nd auiyns, may, without notice to the MORTGAOR, desl with such successor or succeuor in interest with reference to thia
mortgage ~nd the debt hercby secured in the s~ns maru~ ~s with Mortgagw without in ~ny way vitiating a distharging the Mortgagon• liability hera
unde~ or upon the debt hereby secured. No ssle of the premixs hereby mwtgaged and no forbearance on the pan of the MORiGAGEE w its successws
or augns and no exrens'wn of the time fa the p~yment of the debt hereby secured yive~ by the MORTGAGEf or its successors or sssgns, shall operate
ro nlease, dischar~e. modffy change w afiect the origin~l tisb~l~ty of the MORiGAGOR herein, either io wFwb o? in ps.t. '
10. It is specifically agreed that time i~ o? the euence of this conrract and that rw waive~ of any obligalion hereunder or of the obligation sr
cured hereby shall at any time tFxt~afte? be held to be a waiver of the terms hereof ot of the instrvmerit secured herby.
11. In addrtio~ to the forego;ng monthly payments of princ'pal a~d interest requircd by the promiuory nore secured hereby, mortgagor mvenants
and agrees to pay to mortgagce with each monthty payment an addirional sum es+~mated by mwtgagee to be equal to 1/12 of the annual cost of the follow-
;ng;
A-All real property taxes kvied w auased against the above descn'bed resl estate_
B-Premiums on fire and windstwm ituurancr as herein requ~red to be carried on the improvemenb situate o~ the above desvibed promises.
C-Premiums on suth mortgage guaranry insuranoe as mo~tgagee shall from time to time deem fit to carry on the ban secured hereby.
Mortgagee shall from time to time rqtify mortgagor in writing of the amount due and payable hereur?der ard such wm shall thereupon be dve and
payabte on the due date of the next monthty payment and eath successive month thereafter urtil mortgsgee sFwll notify mortgagw of a change in such
ambunt. Such sums st:ail be apptied by mortgagee toward the payment of real property ta:es, insurance prem:ums, and mort e guaranty ir?wrante
premiums.
N WITNE55 WHEREOF, the said MORTGAGOR Ms hereumo set his hand and seal the day and ye rst afor ~
l. eakd an elivcred in t presence of: '
~
4
_ 0
0
~.q
srare oF ~toRioa ~
St. Iucie u- .
COUN7Y OF ~.~.N~~~~u - .
r ~~!~I~~".-'. "
Oefore me perwnslly a ~TO@ fI. Jilton ;~`~`'1 ~i~~~••h~ Y'° ~nd
~~L
uise a. Jilton - . •
his wiff.:ld ~ me to b~
the i~dividwb described in u~d who eaetvted ths foreyoirg instrwnn~t, and sdcnow ~~s
ledped before me tha1~ •
:
therein acpressed. Md the ta' '.f: • a -
wife of fM tsid _ " jnd p?iv~h
examinsYan by me taken separste and sp~rt from her said Iwsband, aduwwledyed to and before me that ahe ~ ~ ~Y r~d volun~
rarily ~nd w~thout sny oompuli~on, constrsint. ~pprehens~on~, w fear of or from her ssid husband.
WITNESS my land ~nd official seal th~a ~~[L _ dsy of ~C81Rb61' ,=•~4 ~ ' • D. 19_~
- • - - .j
Notsry Pubtic in a+d fw '-pf+~forida at tarpe
~~My Gomrn~ssion ~apina:. ~ -
Re~n Ta ~
11C1E COUNCTY fLI~ ~~yb~~. Stat! 01 ~Ol~a it W~
first Feder~l S+v' 3 tosn /lssotiation
Of Fort P~e:ce. R0~'rEA P4ITRAS ~~~sjp~ ~Y~~ ZS, ~9n
fort Pierte. flwida ~E~ ~r1Rr'Wj ~e~M~ y A~iw F]e S Caa~1r ~
UEpORO tiE1t1f1E6
~ ' ~ 03 ~ ~ .
This Instrument Prepared By RiCha2'd K. Kaye9
First Federa! Savings b Loan Association
of Fort Pierce ~ Florida 2~ig~2 .
Checked By Sf~ ~
~~188 ~~i0 , ~
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