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3. To plxe and continuously keep on the b~~'•d~n~s now a hae~~tt? ~ituat~ on sa~d ~and and on ~L' eq~ip~nenl and Eu~ionatly covered by ?hi~ matg-
sg~, w~rh di prem~~mt thereoo pa~d in (ull, (~re insurance ~n th~ uswl a~a,wlard pol~cy torm, in • i~m approYed by the MOR~GAGEE, a~~d w~ndato~m
~nsu:~nte in ~he usual ~tandard po~.ty fwm, in a sum approved bv the AAORTGAGEE, i~ i~ch company or compan~es as the MO~~GAGEE may
d~rect; ~nd a11 fire ~nd w~~storm insurance po~Kies o~ +nY of isid build~~qs, any intereft therein o~ parl thereoi, in the aggrege~e sum ~fo~esaid o~
in ~xcess thcreol, shall cont+in tM uiwl stand~rd ~natfla~ claus~ w wch o~her cla~se ~s Ihe Mat9agee msy requae, makirq the loss oncle~ sa~d po~r
c~es, each and eve~y, payab~~ ro sa~d MORTGAGEE as ~ti imere~~ may appe~~, and each snd ave~y ~ucA po:~cV ~hall be prompt~y ess g~~rd a~~d del~Yered to
?ny heid by sa~d MORTGAGEE ai fu?thN iecur+ty to sa~d nwrtpaq~ drbt. and, not less IMn fen (10) days in ad~snce oi the exp~rat~on of each pol~cy, to dr
Gver to sa~d MORTGAGEE a renewal thereof, topethH wi~h • rece~pt fa the premiurti ol fvch re~ewal; artd there shal~ be no f~re or windstorm ~ns~ran;e
placed on a~y of s~~d bu~td~ngs, a~y inte~~st there~n or pa?t thercof, ~nless in ~he form ~nd w~th ~he iou p+Y~ble as aforaaa~d; and in the evaM any sum
of money becomef payable undea such policy w polK~as sa:d MORiGAGEE shall Mw the op~~on to rete~ve and appty the sa~ne on accou~~~ o( the indebted-
neu secured he~eby a to permit sa~d MORTGAGORS ro retaw and us~ i1 0~ a~y pa~~ thc.eof for omcr pu~F~osrs, ~.o.~ho~~ th 01 w-~~~ or ~~~~p~~r-
ir,g any equ~ty, Gen w right unde? ar by virtue of this mo:tqage; and in the eveM a[d MORiGAGORS eAatl ta any reason f~il to keep the sa~d premses w
~nsurrd, a fail to det~ver promatly ~ny of iaid polK~ea of inswar+ce fo seld MORiGAGEE, o~ laif promptly ~o pay tu~ty any p~e~~~~~~n ~hrrefor or in a~~y
+espect fail ~o per(wm, d73cha.ge, execute, tffect, complete, compty wi~h ~nd ab~de by thii cove~ant, a eny per~ hereof, sa~d MORiGAGEE may piace a~~d
pry fw tuch in~urante a~ny part tAereof without w~iving a affectinp ~ny option, lien, equ~ty, or nght unde~ or by v~riue o1 !h~s Mo.~gage, •~d ~he
f~ll ama,nt o1 each s~d ev~ry such paymem shall be immedi~rely dw and pay~ble and sha:l brar ~nterrst honi the date ~hcreof untU pa~d at Me ra~e of
n~ne per centum pe~ ann~~n and ta~Nhrr with such ime~est ihali ~x scc~red by the litn o) th~~ matgage.
1. To permit, commit or sufier no wsste, impairmeM p dNerioraYan oi sa~d property or ~r~y pa?t thereof.
S. To pay all snd sinyulu the costs, charpes and expef+ses, i~.ctud~~g a reasonable ~trwney"s fee and cosrs of absrraus o6 t~~le, ~ncuned o. ~a~d at
any t~me by said MORTGAGfE, because w irt the ev~nl of the fa~lure ai 1he part oF the sa'~d MORiGAGOR to du~y, p~a~~p+ly ar,d f~lty perfonn, d~scharge
r~rcute, etfect. complete, comply w:th a~d ab:de by each and evcry the st~p~,la~wns, agreemenrs, co^d~tions, and covenants of sa~d p~o~nnsory no~e a.+d lh~s
,~ortgage any w e~ther, ~nd sa~d costs, ch~rges and eapenses, eech and eve+y, sMll be immed~ately dx and payabie; vche~her w not there tx nunce da
R.e:~d, anen+pt to colled w wit pend~f+g; u+d the full amount of each ~nd e~ery such paymem shall bea. imer~st fiom ~he date the~rof until pa~d a~ rhe
. re oi n~ne fxr crntum prr annum; and aU said costs, charges and exarr.ses incwred o~ paid, together .~nh s~ch ~nterest, ahaU 6e secu+ed by ~he t~rn ot th~•
mort9sgc.
b. That (a? in the eveM of any breach o( this Mwrgaye or def:ul~ on tF,e pa.f of the hIORTGaGOR, or ;b) in the event a~y oi sa'd sums of money
nerein referred to be not pror,~ptly and f~lly paid within th~rty (30) days ne~~ a4ter tiu san,e severo'ty beccw+u due and payeble, witlw~t demand o. not~ce,
or ~c! in rhe eyem each and every the stipv:aswns, agreemeofs, cond~t~ons snd coven~nts of s~.d pro~n~ssory note and th.s mo~tgage any o~ e~ther are not
i~~y. promptty ar+d tulty performed, d.acharged, execured, ~ffected, canpte?ed, camp~~ed ~:~h •nd ab~ded 5Y. « any such e.em the sa~d ag-
~~rga!e sum mentioned in saitl p~omissory nc~e then remaiai~ unpa~d, with in~e.esi acuved, and a~l moneys secured hereby, sha11 becwne due and par-
ab e forthwith, or thereafter, at the opnon o1 sa~d MORiGAGEE, af fully and comp~ere~y as ~f a~l ol the sa~d sums of mor.ey were o~~g~naily sf~pviated
To be pa:d on svch day, anything in sa.d prom:ssary r+ote ot in this Mwtyagt to the con~rary notwrthstandu.g: and thereupon o~ thereafter at ~he op~~on of
s~,d MORTGAGEE, w~thout not,ce w demand, suit at taw or in equ~ty, therefore o? ther~ahe~ begun, may be prosecuted ss if all moneys secured hereby
nad matvred pnor to ~ts ~nstitut~on.
7_ That in the event that at the beginn~rg of or at any time pending +ny •u~t upo~ th~s Mortgage, a to forec!ose it, or to re(orm i~, ar to er.fo.ce
payment of any claEms hereunder, said MORTGAGEE shali apply to the Co~~t having ry~~ad~ci,en the~eof for the appomtmem af s Receiver, such Covl1 shad
Fo~rhari+h appo~nt s rece~ve~ of said mortgsged prooertY ait and sin9ul~r, inctud:ng aI1 and s~nguiar the income, p~of~ts, issues and reven~,es iran whatr~e~
s: wce derived, each a~d every of wh~ch, ~t be~np eapressly understood, is hereby mertgaged as ~f spec~hcaily set forth and deuribed in the 9rant~ng and
~~:~endum c~soses hereof, and such Rece~ver :Aall have ail the b~oad and effecrive fvncf.ons a~d powers ir. anyw~se emrusied by a Cov~t ro a Recr~ver, a~~d
s. ,h appointment she~~ be made by svch Court as ~n admi~ted equity and a matte? ol abso~uu r.ght to sa~d MORTGAGEE, and withcut reiere~~ce ~o the
ed:q~ecy or inadrquacy of the valw of the prope~ty mortgaged or to the w.vency or ~nso;vency ol ia~d MORiGAGOR a the detendants, a~d rh.t s~ch
rr~u, protits, income, iss~cs and reve~ues ahall be appiied by such Rcce~va acco+d~ng to the lien or equity ol sa~d MORiGAGEE end the pract~ce of such
Covrt.
8. To duly, promptly a.~d fully pe~form, d;xharge, execute, eficct, tomp~ete, tomp:y w~th a~d abide by each and evcry the stiputations, agreements,
:onditans and covenants ~rt sa~d prome~swy r+ote and this martyage set (orth.
9. That in the event the ownersh:p of the mortgayed prem~ses, or any part tF,e~eoi, becomes vested in ~ pe.son other than the MORTGAGOR, the
~•QRTGAGEE, in svccess~s and sss~gns, may, wi~haut notice to the MORTGAOR, dea! w~rh such successo~ w successw In ~rrerest w~~h ~eference to thn
rt-o~~9sge artd tF+e deb~ hereby secured in the same mannn as w~th Mortgago~ w~thout in any way vit;a~ing or d+scharg~ng the IAor~gagors' liabii,ty herr
.~der o~ upo~ ~he debr here5y secvred. No sate of the Frem~xs hereby mortgaged and ~o torbearance on the pari oi ~he NIORTGAGEE w its successors
o~ ans~gns and no extens~oti of the t~me for the payment of the debe hercby scc~red g]ven by the IAORTGAGEE or its successors or ass;gns, a~wll operate
ro re~ease, d.xharge, mod~fy change w~ffect the origmai Iiab~Gty of the MORTGAGOR here~o, either in who~e or in pan.
10. It is spec~!~caliy ag.eed that time is of the essence of this contrsc+ and that no waiver of any ob'~ga~~on hereunder o~ of the obliga!ion sr
c„red hereby sha;~ at sny timt thtrNfter be held to be a wa~ver of the terms hereof o~ of tbe instrument secured he+by.
l t In a3d ~~o~ to the iorege:ng monthly payments of princ pal and inrerest ~equ~red by the prom ssory no•e secvred hereby, matgagor covenanrs
a• d agrees to ~ay to :~:o-tgagee v.ah eacfi month!y paymem an add~cional sum est:n.ared by mortgagee to be eq~ai ~0 1 12 of the an:wal ccst of the folfow-
ny.
A-A4 rea! p:oper:y tsxrs Iev~ed or assesseo aga~~st thc above des:~~~ed rea~ estare.
B-Frc^-.~:i•r.i on f~re ar.d v`'~ndstorm ~nwrar.ce as here~n requ~red to be carried m the :mproveme~ts s:+~ate on tha sbove d-sa~bed premises.
C-Prema~ms o~ such mortgage gw.anty icsura. ce as mortgagee shall irom t rrx to t:me deem fit to carry on the loan sec~red hereby.
i Mortgagee sna:~ 'rcm t~me tc time notify mortyagor m writ~ng pf the amou-+t due and payabte hereundrr and such su~e shall thereupon be due and
:~,abte o~ Thr d~e oa!r of the ~ext monthly payme~t and each svccessire month ~hereaft~r untit mcrtgagee shaN not:fy mo~tgagor oi a chartge in such
=-•ou~t. Such sums s~a7 be app:~ed by mortgagre toward the payment of real pr~perty ta,ees, insurance prem.ums, a~.d mortgage gua~anty insurance
~ .~~em~umt.
! IN Y1lTNESS V~ FOf, f ~d MORTGAGOR has hereunto set his hand and seai ~he day and year first a~oresaid. ~
P
\ ~qned, Seal i ~n nce of:
! ~ ' ~l)
~ (Sesq
~ (Seal) f
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~ ($!i~)
~ ~":aTE OF flOR10A
SS.
~ ~ ~u!~rr oF • =.uC ie
~ - Before me perwnally appeared Frankie i. .:I':1~ P.y~ S 51'1~~ f aC3U~ t ~}X
to me well known and krawn to me to be
~ +~e ~nd~vid~sl~ destribed in •nd wno execu~ed the faeyany instrument, and scknowledged before me that ~f:e~ e:ec~ted the same for tFx purposes
the•ein eapressed. AOX.~DFt,!l1fM -
~
?6i~C.D2~/bC
~ ~ _i~ ~iD~pl~~ ~6~C7~]felEJtYar
~ IfDQX.i1~dC ~
WITNESS my f»nd and offic;~t seal th~s- day of b'~~- A. D. 19
Notary Pvbli and ~or th~e/S~ate of Fbrida ~t larga ~
My Comm~s eapires: ~ 6~ / 9 7~ 4
~ Retvm Te:
first Federsl Saving~ 3 loan bsociaf:on , • . ; .
^rs Oi iort P erce , ` . 1 't
_ . ~:y . ~ ~3i1
fo•t F~r~ce. Honda
Y' . . _ . . . n ..y:_aq; ,
J~
' _ _ iILFC Ak: ?£COROEO
s~ • ~ • ST. l1iCIE COUMTr FtA.
's~ • ~aCf~ FOlTRAS N
T h i s I n s t r u m e n t P r e p a r e
d B y ~=~`=ard K. Ka_.'~s. RECORD vE jEp C O U R T a
F~rst Federal Savings b Loan Association ~ , -
of Fort Pierce , ori~a - ~ ~
, . . Ff8 IT 2 so PM'TI
~ Checked By ~ • , ~~~C ~
,~:i
~ au~c ~~1 7~52 ' ~ `
~
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