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To p~acy and co~tinuo~rsly ?ep on tM bv~td~ ~ow or R~+Nf~M Mh++h o~ ~ad 4nd ~^d all rquipmMt and pwsa+alfy toverod by M~f R+a~¢
p~. with dl pr~m~u~m ~M.~on p~~d N+ lutl, fu~ inwru~c~ ~M uswl ~~ar,da~d polKy 1am. in • ~we app~ovod by tM MOR~GAGEE. and w~ndti~am
~mw~ in ~h~ vawt ?~ar~.d po~.cy lorm, in • wm app.o.~d by M~ MORiGAGEE, in wch canpa~Y a? canM^~M u~?~ M10RiGAGFE may
dK~ct~ ~nd dl fin ~nd wMdsronn Naw~na Pak~a on ~ny O~ ~M~ My I111Nff1 tM~fM 01 p~.t thereof, in dw ayy.epa~~ ~wn ~latiaid o~
1n ~xeMS H~e.wf. shall eom~in ~he wwl uandMd ma~ppM ciauN a~uch o~hN c1auN a~ ~M MatypN may rpua~. m.?e,p ~M ?w~ w+dn ~•~d po~i~
ci~s, ~acA ~nd ~vKy. p~yabl~ q a~d MORiGAGEE as :~s iroK~s~ m+y Wlw+r. ud tach W,d tvNy sucA polkr ~h~ll be prwnptty ~ss 9~+ed «.d detive?ed ~o
u~y Add by s~~d MOR1GJ?GfE a 1wtM~ ~tarrity to iaid morrpay~ d~W. and. na I~u ~I+an ~e~+ l~0) days in ~dv~nc~ of ~he tap~r~tron of exh policy. to dr
Gwr ro wid MORTOAGEE • ~~new~i ~M~~o1. 1oq~~Mr wi~h • rec~ipt fw t!N p~n+~um of ~uth r~new~l; ~nd ~M~~ shall no I~re w w~ndti~o=~e inw~ance
pl~c~d on ~ny of tsid bvildinps, ~nr inMra~ tM~ea+ w pu~ thtr~oi. unieu i~ ~M fonn ~nd wiU ~M bu pa~ab~e a~fae~a~d: ~r+d ~ tiw wtnt any sum
of morwy beconw~ Wyable w+dM wd~ policy a polKiss said MOR1G1?GEE shall haw ~M op~an ~o nce~ve •nd +pply tha sa~~e on accouro ol ~ns i~~dab~~d~
neu iecwed M+tby or a permN f~id NIORTGAGORS ro?suiw a+d u~s it or any pa.~ tAe~eof tw otnrr pu~F~osrs, w~~hout th:~. u~ wa~.~ ur ~„~p.,~,-
;nq ~nY ~q,i;ty. lien w ryA~ w~de~ w by virrw o1 this morty~: ~nd ie tM ~ve~t aa~d MORTGAGORS shell (a any ~sason iail a keep ~he s~~d p.em~scs w
insurtd. o~ fei) b delivK panptly any of saW policies ol i~qw~nt~ ro s~id MORTGAGEE. a(ail promptly Io pay lulty ~ny pre~~,~um thcrcfor a i~ ~nY
r~ap~ct f~il to pa(aen, dixha.ye, ~x~cv~~. eff~ct. con.pler~. canply wi~h and ~bid~ by th~s covsnan~, a any pa~r hawf, said MORIGA'vEf m~y Rl~ce and
paY fa wd~ k~wranc~ or ~ny paM thNeof witl+out waivinp o+ aff~cti+q My option, Ikn, puity, w right w+da p by virtw of ~hi~ Mor~fla~e, ~nd ~he !
full ~mounl ol sach and ev~ry such paym~e~t sMll be imnKd'ut~ly due and p~yabl~ ~nd sMll bea~ inte~ett from the dat~ thcreof u~til paid a1 ~M ~ats ol ~
nin~ pK cenrum pN annum and to~ethei wirh such inte~ea~ shail be secvrcd by tM li~n of this mat9~ye. '
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1. To pKmit, commil ot su((~r no wasl~. impaGma?t or detKio?~tion of said propaty or ~nY put thereof. ;
S. To pay ~II and sirgular the costs, cMrpes ~d ~xp~nses, w+clvdinp + ~e+sonable ~ttw~xy i fea and co~~• of abstrac~s o( t~tle, incurred w pacd at ~
bny time by said MORTGAGEE, b~cavs~ o~ in th~ ~v~n~ of the fa~lw~ on ~M part ot ~he s~id MORTGAGOR ~o duly, Fromptly and fu~ly perlam, d~sch+rge, ~
e:ecuee, etfed, cwnpiet~, comply w~th and sb:d~ by e~ch u+d every ~he ~tipul~~io~s, sgresn,ents, conditions. and covenann of said pran~sswy note and thi~
mortyape any w ei~har. u~d s~~d cests, chugts a~+d exper?ses. e+ch a~d ~very. sf+all b~ immediately dve and payabte: whethrr w ~ot ehere bs natice dr
mand, +ttcmp~ to taletf or wit pe~d~ny: ~nd fM (ull artauM of each a~d we~lr s~ch WYmeM ~ha~~ be~~ ~^~erest from the date thereof umil p~id at tl+e
.are o; nine pe~ ccntum pw awwm; a++d all said toari, chary~s and expe~sss incwr~d or paid, togethiv wnh suth inte~es4 ihall b~ setured Ly the Iw~ ol thii
mortyaQ~.
b, That (a) in the w~nt of any Meach of thi~ 11Aortga9s w defaul~ on the part of the MORiGAGOR, or (b) in tihe event any of se~d wms of money
he~ein ~~ferred ~o be nol promptly and l~Ily paid withia thirty (30) dap next after the same severally become due and payable. will.ouf demand or ootice,
or (U i~ tM ~veM each and ~very the s~ipulatiaq, a9rsemenri, conditions and coven~nb of sa.d pran~saory note and th~i mortpa9e any p e+ther are nol
~uly. promptly and fully perfor~l, d~uha~ged. ~xecvt~d, eif~cted. compltted. complied with u+d abided by, then in e~the~ w ~ny such event the iaid ag
g~egab sum mentia~ed in s~id promisswy note 1lxn remsininp unpaid. with interest xcrued, a~d all ma~eys secu?ed hereby, shall become due +nd pay~
ebie (orthwith, or ~hereafter, at the option of isid MORTGAGEE, as (vlly ard completefy a~ il a~l of the said sums of money were aginally s~~pvleted
to be paid on svcfi d:y, anythirg in sa:d promissory r?ote a in thi~ Mwtyage to the tontrary notwithsts~diny; a~d ~l~ereupon or thereafter at the option of
said MORTGAGEE, without nolic~ a dcmand. wit at la~r w in puity, therefwe a the~eafter begun, may be proseculed u if all nwneys secured hereby
had matured pnw to iq institution. •
7. That in the event IMt at the beginnieg oi w at any time pe~ding ~ny wit upon this Mortgsge. or ro fo?eclose it, or to reform it, o? to enforc~
paymenl of any claims hKeunds~, s~id MORTGAGEE sh~ll app~y to the Co~~t having jurisddction the~eof 1tx tfie appointmenl of a Receiver, such Court shall
forthwith appoi~t a receiver ot said mwtga9ed property all ~nd singuta~, includ~ng all and si~gul~r the inco~x, p~ofds, iuues and revenues from whatever
source de~ived, eath and evety of which, it beiny expressly u~derstodl, is hereby rt+wtgaged u il spec~fically set fwth and dewibed in the grami~g and
hebe~+dum clauses hereof, snd such Receiver sF+all have •11 tFw boad ~nd efiettire funct~w:s and powe~s in anywise entrusted by a Court ro a Receiver, and
wch appointment shall be made by wch Court u an sdmitted equity a~d s matter of abwlu~e right to said MORiGAGEE, and without relerence ro the
adequacy w inadequacy of the ralve of the poperty mwl9ayed w 1o the wlvency w inso~vancy of said MORTGAGOR w the deEendants, and that such
renta, profits, i~to~~e, issues• and revenues shall be applied by such Reteiver according to the lien a equity of said MORTGAGEE arx! the practica o( such
Court.
8. To duly, promptly and fuly per(am, dschargs. ex~cvts, ~ffect, compkte, camply with and abide by ~ach and every the stipu{ations, sgreemen»,
cond~tions and covena~ts ~n sud promiuory nae ~nd ~ha mo~tyag~ set forth.
9. That i~ the event the ownnship of the m~ortgayed premises, w any part thereoi, becomd vested in a person other than the MORTGAGOR, ths
A10RTGAGEE, in successo?s aod sssigm, may, witheut notice to the MORTGAOR, deal with such successor or uxcessw in interest wi+h reference to this
mor~gage and tF+e d~bt F+ereby secured in fhe s~me en~~~er as with Mortgagw withovt in a~y way vitiatiny o~ dixharging the Mwtgagors' liability herr
under w upan the debl hereby secured. No s~k of tht Fremises hercby mortgaged +nd no lorbearante on the part of the MORTGAGEE a its successas ~
or auigns and no exte~+sion of the ~ime iw the payme+n of ~he debt hereby setured 9iven by the MORTGAGEf or it: succeuws w auigns, shall operate
ro rel~aue, d~scharge, modify change or affect ths wipinil liabi{~ty ot ~he N10RTGAGOR herein, eiiher in whote w in part.
10. It is spec~ficaliy agreed that t~me is of the nxnce of thia con!ract and that no waiver of any ob~igation hereunder or oi the obligation so- ~
rvred hereby shall at eny time ~hereafter be he:d to be • waiver of ths terms hereof w of the instrument secured herby. , i
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11. In add~t~on to ihe fwego:ng monthly payments of princ'pal and i~teresl required by the prom~uory note secured hereby, matgagor tovenants ~
and agrees to pay to mo:tgagee with each monthly payment an addirional sum estimated by mongagee to be equal to 1 j 12 of the annual tost oi the follow- r
~„g: ' .
A-AII real propeny taxes kvied or assessed aga~nst the above described real estate. ~
B-Prem~ums on fire and wir~dstorm insurance as here~n requ~red to be cssried on the improveme~ts sitvate on the above described premises.
f C-Premiums on such mwigage guaranty insurar,ce as mortg~gee shall from time to time deem fit to carry ort the ban secured hereby.
Mortgagee shall from time to time ~otify mwtgagor in writirg of the amount due and payable hereunder and suth sum shall tt+ereupon be due and
Favabk on the d~e dafe of the next monthly payment and exh successive month thereafter urtil mwtgagee shall notify mortgagor of a change in such
j amo~nt. Such sums sha~I be applied by mortgagee toward the payment of real properiy taxes, insurance prem:ums, and morigage gwr~nty insurance
premivms. ' .
~ IN WITNESS WHFREOf, the ssid MORTGAGOR has hereuNO xt his hand and seal the day and year first aforesaid.
F
! i ned, Sealed and livered in ti~e presence of: ~ - e~~~'1"-
~ r~LEO ~?N~RCC~
! tT. WC1E OuM ~`'n
~ IIOCER POlTk~f A
y OLERK CtRCU~T OOU
~ REOORD vER~FiEO Willie w. obba „ n..n `
~ . ~ ~-~rt ~ ;~,-^f,n ~
~ TATf OF FLORIDA ,1~ 5 3 26 PM 1 (I] -.:_.~~~_S~._~~~~ .
~ 1 •
€ / COUNTY OF ?Sti • jallCi~ e ~ ~ ri/V l~/a~'ZV ~rt'~ ~'-'~~'.~-r^.sa`'v :
eefo~e ~ personally appearcd MsI'k A Dobbs = " - ~ ' ~r~d =
~~ZZ~A Dp~]~]$ his wiie, to me well k+fOw+"F~wd to ~e tp be '
~ ~he iniG~idwts dcscribed in and who ~execu~ed the fore9oiny instrurnent, and scknowledged before me that tFxy executed =tF~ii;t~e for tb~ pvfposr3 _
~ therei~ expresxd_ /1nd fhe said ~ 1 ~B w~ Dobba F_ -
~ Mark A Dobbs , ' ° ' ~ . =
~ w~!e of ths said • upon a, a~~fiiat~
~ examinstion by me taken ieFarate and apart from her said hutbar?d, sdcnowledged to and before me that she exetuted said instrument f;~ y~+~H!! voh?i?
+ar~ly and w~thout s~y compulsiwt, constraint, apprehens~o ,,qF fear of or from her wid husba~d.
WlTNESS my hand ard officisl sesl thi day of J ~ A D. 19~~
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~ _ Nota tic in ~nd fw the State of Florida at lsrye
~ My iasion sxpires:
= Retum Ta.
~ IiOTARIf MIBLIC. iTATE OF FL01tf0A ~T WiE
~ Fint Federal Savings i losn Associat~on ~ J MY COPAi~11SStON EXPIRES NOVi ~ 181~i
~ Of Fort P~erce. JpNDEO INROUDH tllED llf~ B~R~T/CM0~1q
~ Fort Fierce, Ffwida
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~ This Instrument Prepared By J. D. Ch83t8f1~ j
y, First Federal Savings b Laan Association ~
~ of Fort Pierce ~ FlOri da
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~ ~h~~ B,, ~ eooK 189 ~cE 932 ~
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