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3. To piace and co~tinvousty leep on ~he bu~:d~ngi now or hereafter ~ituat~ on ~a~d land and o~ all cqu~p~nrnl and personaily coverod by ~his mo~tp-
sq~, witA ~11 pre:+~~ums thercon pa,d ~n fuli, lire insurance in the uival •~a~dard poGcy lorm, in a s~~.~ app~u.ed by ~hc MORiGAGEE, and wlndstotm
insu~~nce in the utuat standard pol,cy lorm, in a w~~ aFproved bY the MORTGAGfE, in wch canpiny cr co~npan~es as Ihp MORTGAGEE m+Y
ditett; and all (ire a~~d wmJsiorm inwrante poi~c~es on •ny o( sa~d bviid~nys, any interaa~ thernin c~ part Ihrreol, in the agg~_~a~e sum ~foresaid or
in extets lhereof, sAall cont,~in the uswl sta~~da~d mortgayet claute w svch oihar t~ause as the A1o~tyagee may requ.ro, ma?~ng tl~e ~oss under s~~d po~~
c'res, each and eve.y, pati~b!e to ia~d AIJRTGAGEE aa ~~s intercat may appea~, and each ,:nd every su<h po:~cy ~ha~l be promp~ly auy~~ed a~~d de~~~ered ~o
•ny F?eld by sa~d MORfGAGEE es f~rehe~ iecur~ty to sa~d mortpage debt, and, not Ieu than trn l10) d~ys in ad.ance of the eap~~a~:on of each polrcy, ~o d~-
I~ver to u~d MORTGAGEE a rc~xv~al thereol, ~oye~he~ vvith ~ rece~pt (w 1he prem~um of such rene+.a1: and ~hrre shatl be ~w f~~a o~' wi:~dstonn i~iurance
plsced on any of sa:d b~i!di~~ga, any intere~t Iheran or part thereof, unles~ in the fonn and w~~h the loss payable as aforesaid; end in the event •ny sum
of money becomes payable under such policy oa policies wid MQRTGAGEE ~hall have ~he opt~on to rec~~ve and apNly the sams o~ accov~~t of ~he intlebtrd-
neSS ~KVrld h!rlby o~ to permit Sa~d MORTGAGORS 10 reCeiw ~nd uif It p any pa~l thr:uo? for o:nrr Hw~~~osrs, ~:d~~o~t Ih_~~u~ ~v~r.~ C~ n~ipev-
;ny any equ;ty, lir~ or ~ight under or by vi~tus of t~ii mo:tgage; and in 1he eve~t sa~d MORiG~GORS sha!i !or any rcason fa~l to krep the sa~d premises so
iniured, a faii ro det~ver pranptly ~ny of said po~~cies of insuro~ue ?o ta~d MORTGAGEE, or fa~I p:omp~ly to pay (~~ly any p~e~nwm thcrefo~ or in a~y
~e~pett t~il to pe~form, d~scharge, execute, effect, canpltte, twnply wi~h and ab~de by ~h~s covenant, w eny par? Aareoi, sa~d MOR~GAGEE may plxe and
pay foa such imursnu or sny pait thereof without waiviny a af(ecting any option, liea, equ~ty, or nght under w by vuwe oF this Mwtqage, ~nd ~he
full a~nou~t of euh snd e.ery such ~yment shall be immcdiately d~e a~ payable and sha~l b.~ar ir,rcrest from ~hc date ~hercof until pmd at ~ha rate ol
n~:k per centum per annum end tu3rther Meh such inte~est shafi tx socured by the lien of Iks matgaga.
1. To pe~mit, commit or su4fer no waate, impairrr~N Or d~tereoratio~~ 01 sa~d property a any part ~hrrrof.
5. To pay af1 and tirgutsr the costs, charges artd ez~xnsea. indud~ng a rrasonab!e attemey's fee and costs of abstracts ot ~~t~e, incurred o~ ps~d a~
any time by said MORTGAGfE, txcause or in the evem of the fa~lure on 1ix pare ot tAe said MORTGAGOR to duly, p~o~+~pdy a~d iuily pe~form, d~uharge.
exetute, effKt, tomplete, comply w~fh and ab.de by each and every ihe st~pv~a+,ons, ag~ee~~~rnfs, co~~drt~ons, and cove~an~s of s~~d pro~n~saory note and ~h~s
mortgage ~ay or e~~her, and sa:d cosn, chargcs and expensea, eech and every, shall be im~.,rd~ately d~e and payab!r; whe~her or not ~here be oo~~ce dr
mand, attempl to co11Kt or svit pend+ng; and Ihe (ull a~nount of each and eve~y su:h paymcro shall b~:a~ interest from the date therrof umil pa~d s/ tht
ra~e o+ ~ine t~er centum ptr annu:n; a~~d ail said costs, :harges m~d ra{.rrsea fncurred or ~w~d, toyrtner ~v.~h wch uveieat, shal{ br setured by ~he iirn of thif
mortgaye.
A. That (a) in the event of any breach of this Mortgage o? defau~r on tM part oi ihr h*.ORTG~GOR, or ;b) in ehe event a~y oF sa:d sumi of money
hrrein retcrred to be not p~w~~ptly and fully paid w~thin th,fty t30) days nc~t a't.•r the sa~ne acvera'!y become due and peyab!e, without de:nand or noute,
or (c) in tAr evem eech and every the shpulat~ons, agreemeros, cond~~~ona and cuvenan~s oS sa d p~o~n~ssory noca and tha mortgage a~y or eithe~ are not
~uly, prompfly and fully perfwmed, d xhargcd, executrd, effected, cornpleied, comp6ed wnh and at•~drJ Sy, then in e~ther or any su:h eve~i the sa~d ag
gregate svm mentloned in sa~d pra»issory noie then re+naining unpa~d, with intere,t ac.~ued, and a:t ~none~s xrcwed herrby, shali become d~e and pay
able fo~thwith, a thrreafter, at fhe op~~on ol said MORiGAGEE, as fully and comp'.e~ety as if ail o~ ~he sa~d wms of mo~tiey were or~g~naily st~pulated
ro be pa:d on such day, a~ything in sad promisswy nore w in this Mwfga~r to ~he com:ary not.N~~hs~a~~~1~ng; and rhereupon o~ thereafte. at ~he opt.on of
aaid MORTGAGEE, vvE•hout nohce or demand, Sui1 at faw w ia eq~ity, the~efore or thrreat~er be~un, may be prosecuted as if all moneys setured hereby
ha~ matured pr~a to ~ts instifuno~.
7. That in the event that at the beginn~ng of or at any time pending any suit upon this M.o*tgagr, w to ~o~eclose it, or to reform it, or to enforce
payment of any cle~ms he~runder, said A10RTGAGEE shalt apply to the Cow~ having ~vnsd.c+~on tMreot for the appo~otmem of a Receive~, svch Court shall
forthwiih sppoiM a re~~ive~ Of said mortgaged prooa~~y all and singuiar, indvd~ng afI and si~~gular the into~ne, prof:tt, isfues and revenues from whataver
seurce de+ived, eacA and every of wh~cfi, it being ex~ressfy unde~stood, is he~eby morrgag;~i as if spec~E~caily set fo~th a~d drscntxd i~ ~he g~ant~ng and
h~'uendum ciauses hereof, and wch Rece~rer shell have all the broad and effective iunct•o•is and po~,ers in anyw~se entrusted by a Co~rt !o a Receiver, and
s.ch appointme~v s~ell be made by svch Couit as a~ admitted equity and a matte~ of atnolute r~ght w sa~d MORtGAGEE, and w~thout ~efere~ce to the
edequxy o~ inadequacy of the val~e of the property mo.tgaged w to the so~rency or insalventy of said MORTGAGOR w fhe defe~dants, and that s~ch
renfs, p+ofets, irxome, issues and ~evenues shalf be appued by auch Rece~ver accordmg to tM lien a equity of said MORiGAGEE and the practice of such
CouA. ~
B. To duly, prompity and fulfy pcrfwm, d~scharge, exec~te, eitect, complNe, comp~y w~th and ab~dt by each and every the stipulations, agrcements,
cor.dit'wns an~ covenants ~n sa:d prom:s:ory note and thEs niortgage set iorth. ~
9. That in the event the owne.snip of the mortgaged premises, or any patt thereof, becomes veated in a person other than She MORTGAGOR, the
M.ORTGAGfE, in s~ccexsors and ass,gns, may, wiThout no~ice to the M.ORTGAOR. deal with such successor o~ wccessor in mterest with retere~+ce to this
rco•tgage ar.d the deur hereby secvied in the same manner as wifh Mortgage~ without in any way vitiating or d~scharging the MortgagOri ~iability here-
~~der or u~o~+ the de~t kereby se:~red. No sale of the F:e~n~ses hereby rno+tgaged and no forbea~a~ce on the Fart of the N10RiGAGEE or its svctessors
or assigns and no exte~,s.on of the e~me fw the paymero of the deb~ hercby secured given by the MORTGAGf'_ or its wccessors or assigni, sfwll operate
to reirase, d~scharge, modify change or afiect the o+g~nal I~aoJ~ry o1 the MORiGAGOR t~erein, either in whole or in part.
10. It is spec~f~caliy a~reed ~hat time is of the essence of this contraU and that eo wai~er of any obligat~on hereunder or af the obligation so-
cured hercby sl+aii at any time tl+ereafter bt held to be a wa~ver of the terms hereof or of the instrument secwed herby.
11. In aod i.o~ to the forego ~~g monthty paym_nts of princ pat and interes! reqv~red by the prom:sscry nore secured her~~b~, mortgagor tovenants
ar.d agrees to pay to mo-~gagee v~~th each mornhiy pay~.~em an add~nonal svm ese ~,ared by more9agee to be equai to 1, 12 of the annual cost of the folfow-
n~-
A-All real rropertp taxes ~ev~ed w asses:ed aya~•~st the a6ove desaibed real es~ate.
B-Fre.*:~u rs an f]re and w~nduo-m insuracce as herein reqa:red to be carried on the improvemeMS situate on the ahove described premises.
C-Premwms o~ wth mortg~ge guaranty icsvrar.ce as mortgagee sna'I from t:me ~o time deem fit to tarry on the loan secured hereby_
Mortgagee sna+: frpvi time ta t~me nctify mortyagor in writing of the amou~t due arid payable hereu~drr a~d such sum ahall thcreupon be due and
cayable on th~e ~iue da~e of the ne.t month[y paymem and each s~ccessire moroh thereaft,r ur,tit matgagee shall notify mortgagor of a change in such
~ a~-ount. Such sums s~r." :x ap, ;ied by mortgagee toward the payment of reat property taxes, insurance p~em:vms, a~~d mortgage guaranty insurance
c ~emiumt. •
~ IN Y11TNEa~ :VHER~~~ Tne sa~d MORTGAGOR has bereunto ut his hand and seal the day and yesr first aforesaid.
~ Siqned, Se~led and deli~er~ ~n the presence of: F«EO ~~o -
. 7 ~2ZO~c, ST. C~E CQIt ,n
~ • CIE~K C R UIT~COINI cs~+~
~ RECORO YERIFIEO~. ' aq
~ -
;
!uu Z5 9 2s AN'~ I
STAiE Of itORIDA ~ ~ S O~ S~~
`~u,~n ~ ST. LUCIE ~
6efwe me personally appeared Georqe L,. CiYe90Zy end
~ _ Waltraud S. Greqory his wife, to me well known end known to mc to be
~ ~he ind;r+duats dew~bed in snd who e:ecuted the foregany instrumtnt, and acknowledged before me that they executed the aame (or the purposes
~xP,~„~d. nr,d ~t,e ~~a_- Waltraud 5. Gregozy
~ «:fe of the said George 1.. ~'ileQOI~? _ upo~ s xperete •nd privat~
~ E.am;nat;ore by me taken seperate and apart from her sa~d hvsband, acknowledged to and before me that she executed said inst~ument freely and volur?~
~ ~a•~!y and without any ca~npulsion, cons'raint, appre~ens:on, or tear of or irom her said husband.
WITNESS my hand and offiual seal this i.~~-~~+ - day o4_ zCh A. D. 19 71
i -
_ _ ~ i
- tary Public in end for the S~ate of Fbrids ~t tar9e
.My ~OIOfi1~1~iW1 eapires:
Ret„r~ io: ~~~~~~~~~n~thh~~~ ~ ~118LIC~ l~ATE Of iLOR10~ AT (A~
"9 ~i COMMtSStON EXPIRES SEPT. Z9. 197,
~w Firsf Fedtral Sav+ s b Loan Associa!aon Z
;s Of Fort F c rce ~Sl. ~~~i j~ F~ w
~y iqrt G~e•ce. Fior~~~ ~r `,~S
~s. ` Q : ' 0 S / -
~ • .
~ 1~ :
. .
~ This fnstrument Prepared By John 4". Col•~ ~s. f
Firat Federal Savi~gs ~ loan Association ~ ~ .
of Fort Pierce ~ 7r}~! ' ~r'~ ~
F 1 or i da , '
~ ~~~~"'a!w'N~~a
.
Checked BY
~ °R191 5i?
~ 2 0 6 5: 8 7 a°°K
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