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9. To ptace and continuously keep on the bui'ding~ row on c~reafte~ a;~vate on satd tand and on alt rqu~pment and penonafly covered by thii mortg-
ege, with •I) piemiums the~con pa~d in 1u11, fire insurance ~n the usual stand~~d poilcy Fo~m, in a s~~» aH~uov~d by :he h10R~GAGEE, and windstam
~nsuranc~ in the ~sual ~~andard poLcy form, in a sum epproved by ~he MOitTGAGfE, in such company or companies as rhe MORTGAGEE may
d+~ec~t ~~+d all lirs end w~ndsrorm insu•ance polic;es on a~y of sa~d buitd.ngs, any in~erest therein or part theraot, in the aggr~y~~~ sum afaesa~d or
~n excess the~eof, sha~l contain ~he usual s~ar,dard mortgayee clause or such oihe~ cle~se as the Mo~tgagee may requ~re, maM~ng thr ~oss unde. s.~~d poli-
c~es, eacA and every, payab~e to said hIORiGAGEE a: iq ;nteres~ may appear, and cach and every svch paiicy shaU be prwnptty ass gned and de~ivered ~o
eny heW by said h10RTGAGEE •s further secw~ty to said n~ong~ge deb~, a~d, not less than te~~ (101 days in ad~ance oi the eapira~~on of each poHty, to de-
I~ver ro eaid MORTGAGEE a renewal the~eof, ~oge~her wifh a rece~pt ior ~he prem~um of such renewal; a~od there sh,~I1 be no i,re or wh~dsro:~h insurance
p~sced on +ny of said buildinya, any interest therein or parl thereat, untess in ~he form arx! with the loss payable as aforesaid; and in the avent any sum
of mpney becomes payable und~r s~ch policy a poiicies said MORTGAGEE shall have ~be opt:oo ro rece~ve and apNly !he same o~ accounr of the iru~ebt~~d-
neas ucur~d hereby w ro permif said MORIGAGORS to receive and us~ it ot any part ih~~rrol tor o:~~rr Hu~f.~srs. +.v.~h~~,;t ~1i;•.ur e~ ~~~~po~~-
ing any ~quity, lien or right unde~ w by virtue of this mo:tyage; and in fhe event w:d MORTGAGORS shall iar any reason (ail to keep the sa~d prem~srs so
msured, o~ (ail lo deliver p~omp~ty any of said poiKfes of insurance to sa~d MORTGAGEE, or f~~f p:ornprly to pay tutly any pre~~~i~m therefor or in a~y
re~ped (ail to perfwm, dud~arge, execute, eifect, tomplet@, ~omply with and abide by this coven~nt, or any pan hrreof, said MGRTGAGEE may place a~~d
pay fw such insurartte or any parl the~eof without waiving w affecting any option, fien, equ~ty, or nght unde~ a by v(itue of rh~t ARo~rgaqe, and th~
f~ll amovnt of each and eve.y sucA paymero shall be immeci~ately due and psyable and shall baar ~nt~r<st f~om iha data thereof umil pa~d at tfu ra~e ol
n~ne per centum per annum and ~o~~~he~ wrth such ineerest ahali tx sewred by the lien of th~s mortgage. ~
~
To permit, mmmit o~ suffrr no wasle, impairrr.cnt w detcrioration of said property w any pa;t ~he.cof. i
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5. To pay a!1 and singuisr the costs, cl~argei and expenses, ~ndud~ng a reaso„able atiorney'a fee and cosrs oF abs~racrs of t~~le, +ncur,ed o~ pa)d at ~
any time by said MORiGAG'.E, because d in the evenf of ~he failwe on the par~.of ~he ~aid MORiGAGOR to duiy, prompt{y and fully p~rform, d~uha~ge.
~xecute, e(iecl, cpnplete, comply w~th and ab:de by eath and every the stlpulaf,o~s, ag.e~me~~ts, condn~ons. and covenants of ~o~d p~o:n~uory note and th~s
r.orrgage any o~ ei~her, and sa~d costs, cherges and expenses, each and every, shall be immcd~atrty due and payab!e; whcther oe not +hare be nonce d> ;
mand, attempt to cotfect or suit pend~ng; and the tull amoum of each and eve~y svch poyn,ero shali bea. inr~~es~ from ~h- dat~ thereof until paid at ~he ~
~~te oi nine per centum per annu:n; and ait said costs, charges and e~~c~ues ~ncurre~t or pa~d, ~oyrth~r ~v~rh s~ch mre~nst, sha!! be secured by ~he lien of fhif
mertgaQs. ~
6. Thsl (a) in the event of any breach of this Mortgage or defavit on the part of the A10RTGAGOR, or ;b) ~n the event ~ny of sa;d sums of money ~
f~erein referred to be not promptly and futly paid wi~hin ~h!rty t3G) de~s n~~xt ait•.~ she same se~era'!y become ci,~e and payab!e, wi~i~oue de:nand o~ notice,
or (c) in tht ev~nt each and evesy ~hc stipu:at~ons, agreemems, cond,nons and covenants of sa d pre~»~uoiy notz a~~d th:s mo~lgage a~~y w e~ther are nol
au~y, promptly and 4ully performed, d~scharged, executed, etfecrrd, cwnplefed, compi~ed w~rh and ai:~d~•d Sy, then in eaher or any such event the sa~d a9-
gcegate sum mennoned in a~id pronussory nore thro remaining u~fpa~d, w++h ;nterr;~ acu~rd, and at~ monrys src~red hereby, shail become due and pay-
ae:e forthwith, or thereaiter, a1 the oprion of sa~d MORTGAGEE, as fuily a~xl comp;etety as ~1 a~! u( ~hr sa;d s~ms of money werc or~g~na:ly supu~afed
to lx pa:d on svcA day, anything i~ sa.d pro:msso•y note or in this Mortgaqe to ~he coniror~ nonvi~hsta.~d:,~g; and thereupon or ttureafte~ at ~he opuon of
s~[d MORTGAGEE, w'ahout nonce or demand, svit at law o~ in equity, the~e(o~e w therealier begun, may be prosecuted as if ali moneys secured hereby
nad miN~ed p~~M Io ds institW~on.
7. That in the event that at the begirtning of w at any tfine pending any suit upon this Mwtgage, or to forectose it, o: to reform i~, or ro enforce
paynKnt oi any daims here~:~der, said MORTGAGEE sFal! apply ro the Court hav~ng ~unsd.ctlon th~rcof for the appo~ntment of a Reteivet, such Court shad
fcr~hwith appoiN a receiver of said mortgaged prooerty a;l and sin9ular, ~nclud~ng ail and sb~g~,ar ~i~e income, prohts, i:sues and reve~tues f~orn whatever
seur~e drrived, eath and every of wh;ch, it being express~y unders~ood, is he~eby ~:io~tgaged as ;f spec;f,caUy set forth and descnbed in ihe granhng and
habendum clauses hereof, and such Receive~ shali have all the ~road and effechve funct o~~s and po~ve~s in anyw~se emruued by a Cou.t to a Receiver, and
r.ch appointment ahall be made 6y such Court as an adm;tted equ~fy and a matter of absot~te r~ght to said MORiGAGEE, and wirhour reference ro the
a:iequacy w inadequacy of the value of the property mortgaged or to the so,v~ncy or ~nsoivency o1 sa~d MORTGAGOR o~ the det~ndants, and that svch
re~~s, proiits, income, issues and revenues shall be app~ied by such Receiver accord,ng to the lien or rquity ol sa:d MORiGAGEE and the prachce of s~ch
Court.
8. Io duly, promptly and fully perform, discharge, execute, efiect, co~nptete, comply with and abick by each and eve?y the stipulationi, agreemrnts,
conditions and covenanrs in sa+d p~om~sswy note and this mortgaye se~ forth.
9. That in the event the ownership of the mortgaged premise:, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
S:ORiGAGEE, its successors and ass~gns, may, wirhout notfce to fbe MOR7GAOR, deal w~th such successor or wccessar in imere:t w~~h reference to ih~s ~
~.o~tgage and ~hz dabt hereby secu.ed in the same manner as with Mo~tgago~ w~thqut in any w~y vit;ating w d~schargi~g the Mortgagors' fiability her~
:^der w upon the debt hereby sec~r~. No ule o( ehe premises hereby mortgaged and no forbeara~ce on the part of the lAORTGAGEE or its successo~s i
o~ assigns and no extension of the time (or the payr~nt o1 the debt hereby secured given by the MORTGAGE'_ o. its tuccpsors or assigns, ahall operatt
ro reieau, d~scharge, modify change or affect the orig~na: liab:i~ty of ~he M.ORIGAGOR herein, either in whole w in par1.
10_ It is speuf~cally agreed that time is of ~he essence of this comrau and that no waiver of any obGgat~on hereunder a of the obligation sr
c~~.ed hereby shal? af sny fime the+eaf~er be he:d to be a waiver of the terms hereol o~ of the instrumem secured herby_
11. In a~d,t:o~ !o the fore o'n monthl ;
g g y paym~ms of princ pal and interest required by ihe ptom~sscry n6!n securrd hereby, mortgagar tovenanis t
~^d ag~eea to pay to mctgagee v~ith each mo~thly pay~:~ent an addirional sum est~n,;ted by mongagee to be equal to 1 12 of the annual cost of the foHow-
•
A-ntl real property taxrs levied o~ assesscd ag3~•ist thc abcve described real esrate_
B-Pr~mi~~ns on fire and wlndstorm insurar.~e as herein req~:red to oe carried on the :mproveme~ts s~tuate on ttie above described premises.
C-Prem;ums oh s~ch matg3ge guaranty i~sura.~ce as mo~tgagee shall Iro:r. rme to time dcem fit to carry on the loan secured hereby.
Mortgagee sha'f frcm r,me to t~me ncr~fy mortyagor in writmq of the a^oum duc and payable her2~ndar and such sum sh.3ll thereupon ~e due and
~ 3yable on the due date of the next month!~ payn,ent and each sutcessive month rhereaftar urnii mortgagee sh~1[ not;fy mortgagor of a thange in suth
a r.ount. Such wms s~ a,i ~;e app5ed by mortgagee toward the paymero of rea: property taxes, insura,xe prem,ums, a:,d mortgage guaranty inwrnnce
•e-niums. ~
!N Y~ITNES= `l:H ~F. the sai -MORTGAGOR has hereunto set his hand and seal the day and year first a}oresa~d.
, S'~yned, Sealed d' e e p~`~ L~9y~~-'s'/V
J fitjlti
•n
_L - ~
~ ;st ~
STATE OF FIORIDA :
:i s~
COt;NTY OF Sti• Lucie ~ r: O• t. 14.;}L
~ _~r'~~~4~~`i~ w.._
~ y ~ '
`i
Before me personally appea?ed ~6I1T18ti~'1 J• ' 1_
H~9 ~ W: i~.' ~i tj'.i=~ r~ _
Ca.2'Ol d. Hal.e ' s • - -
his wife, to me well known ~n c
the ~ndw~dvals described in and who executed the fwegoing insr~um~nt, and acknowtedged before me that they executed the ~i .~~N;~ " V;~
ihe.ein expressed. And the sa~d ~ ri8T'O~ J. A81@ ''t 4,•••;:~.r~: i
~ :
+vife of the said _ tt3t'1~ h J• ~8~$ upon a sepa~~flr„~p~p?ldib
e.aminat~on by me taken separate and apan•from her said hus nd, acknowledged to and before me that she e,cecuted said i~strurtxm ffeety~irtd voluo-
ra.~ty and w;thout any computsan, con:rrairtt, apprehen~ 1ear of or from her s vaband.
WlTMFSS my hand and off;c;al ual fhis__._ - _ day of- ~e~~~y
A. D. 19_~_
H
~ i
% Notary ~bl~c in and for the State of florida ~t lar~e
My Comm~ssion ex ires:
aer~~~ 70: p~TAA~ PCy11C, STA7f Of F~O~ILi~I {~t
First Federal Savings 3 toan Assoccat~on NL~ COMI`AlS;iION U(PIFtE$ ~OY. tll~ -
of co.~ Perce. ~Ot(DELI tHROilaN.7.!!i0 ~ OI~~t~L~{q~~.
fort P~e.ce. F:orida .y~~/
f IL~ ~ ~C CO~~ ~L~`' /I ~ Z 7"/~
ST.~~ R ?OtTfU?S
p?iffiltli ~D~ar~~ ~
This Instrument Prepared By ~Ch82'd K. Kayes ~,?~F~tF~ r""'[ 1 t
Firsf Federai Savings 8~ Loan Association ~ V ~
of Fort Pierce ~ Florida {
Checked - - ~r~~~~v
BooK190 ~.i45 1~s
_ _ , ~ , . ~ t