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3. To plut +~+d cont7nuous~y keep on ~he bui:d~~sge now on c~reafter f~tu~te on sa~d ~and and on all eq.:~p~~~em and personally cove~ed by ihi~ mortq-
age, w~~h •II premiumt thereon pa~d :n full, f~re insurence in ~he u~wl sra~ulerd po ~;y iorm, in a sum apy~ovad by ~hr MUk~uAGEE, a~~d windstoim
insurante in ths utual ~tandard pol~cy Iw~n, in a sum a~~p~ored by ~he MORTGAGiE. in such ca~ipany or cornpsn~es as the MORiGAGEE may
d~rect; •nd all fir• •nd w~~dstorm iniu~ance polrc~es u+ any o( sa~d kw~~d~ngs, any ~n~urst ~he~r~n o~ pa~t ~ho~eof, in the aggrcgate wm afweia~d o~ i
in •acess Ihereo(, shall comain the usual t~andard mortgayae c:auss w such oti~er c~a~se as ~he Mo~~g~yee may req~~re, maA~np thz loi~ u+fde~ i3~d po~~
cies, each ~nd eve?y, payub~e ro s~id A~IORTGAGEE as ns ~roerrtt may appea~, and each and every such ~w~~cy shaN be pron,ptiy au gnrd and deiivered ~o
any Ixfd by sa~d MORfGAGEE ai (urrher secu~~ty to sa~d n,ortgaye drbt, a~~d. oo~ less ~I~an ~en 110) da~s in ad+a~jce o( ~he exp~rana~ of each poi~cy, to da
Gver to taid A10RiGAGEE a renewsl thereof, toge~he~ with a rece~pt fw the p~e~r~~um ef such ~enewaf; and ~fiere shall be ~o i~re or w~~~dsto~m ~nsurante
plated on ~ny of said bu~ld~ngs, any i~tereit therem or part tl,ereof, ~nteas in the fo~~n m~d w~th the ~oas pay~ble as afo~esaid; and in the evenl any sum
of money becomes payabfe under such polEcy a po~~ues sa~d AtORiGAGEE ihall have :he opt~on to ~etei~r and apply the same on accounl of the indab~rd-
ness secused hereby w ro permil s+id MOR(GAGORS ro receive and use it pr any por~ tl~rr.rof to~ o;+~~r ~:ur+ csrs, w~~~w~t th,.~ w.:~~.~ or ~mpa~~-
ir.g a~y equ~ty, lien ot righ~ undei a by virlve of Ihis mortgage; and in the eveM sa:d MORTGAGORS shatl for any reuon iail to k~rp the sa~d premiias so
inwred, u fail to det+ver promptly any oF said poGcies of ~nsurance to sa~d MORiGAGEE, or fa~! p:ompfly to pay ful:y any p+e~nw~n therefor a in a~y
:esped fail Io perfwm, d~scharge, execvte, ei(ec1, comp~ete. co~nply with and ab~de ty thls coven~nt, o~ any p+rt hareof, se~d MORiGAGEE may p+ace a~•d
pay for auth insurance w a~y part the~eof wilhout waiv~ny or a((ec~in9 any option, Gen, eq~d~y, or r~qM unJer w by virlue ol this Mortgage, and tht
f~ll amount oi sacA and e.ery such paymem shall be ~mmed~ately due and payab~e and ahatl baar interest frcxn ~he da~e ~hereoi ur~til paid at ~he ~ate of
nine pe.vi centum per annum anci ~o~ether with such inte~est shal~ be secured by the lien of Ihis mwlgage.
1. To p~rmit, commit or au(fer no wasts, im,~airnient or deterioration of said property or any part thereof.
S. To pay all and singula~ ti+r costs, th+rges and •xpenses, inciuding a reasonable attwney's fee and costs of a6stracts o( titte, incurred or paid s1
iny time by w~d MORTGAGfE, because a in the evenl of ihe fa~lure on the Cmt ef the s3id MORTGAGOR to duiy, p~o~»p~ly and fuily perForm, d~scharqe.
execute, effecl, complNe, comply wah and ab:de by each and every ihe st~pu!at~o~s, agroe~T~en~s, cond~t~ons, and covenants o( said promiswry note and ~his
i:ortgage any o~ e~iher, a~d sa:d costs, charges a~d expenses, each and every, shall be im~ncd~etely due and payab!e; whether o? not tFxrc be nonce de
mand, a»empt to toliect or suit pend~ng; and the full amounf of ea:h and e~ery svch pa~~ment shalt bea~ inte:est from the date thereol uMil paid at the
~.~re oi ~~~ne per centum p..~r annum; and eu said costs, charges and e¦per~ses ~ncurred or pa~d, toyethe~ w~~h avch ~nteiest, ~hali be secured by the Imn of thii ~
mortg~ye.
6. That (a) in the event of any brea:h of this Mortgage or default w+ the part of the ~\10RTG~GOR, w;b? in the event any of sa:d sums of money
herein referred to be not promptly and fu~~y pa~d within th~rty (30) days next a'tc-r 1he same ae~cra"y beco~ne d~e and payable, without demac*d or notice,
or (c) in the evem each and every the st~pufa?~o~~, ag~eements, cor.d~t~ons and covenents of sad promiswry nore and th~s mortga9e any w either are not
~vly, prompNy and fully perfwmed, d.xharged, exec~ted, efteded, cornpieted, tOmpi~ed w~eh and ab~drd Sy, then in e~ther w any such eveM Iho sa~d ay
qr~ate sum mentioned in sa~d prom~ssory note then rEmaining unpa~d. with interesl accr,,ed, and acl mon~ys seCUred hereby, shall betome due and pay-
nbio forthwitA, o~ thereaite~, at the opt~on of seid MO~TTGAGEE, as fully and compte+cly as if ail of ~he sa~d sums of money were a~ginally st~p~lated
te be pa~d on such day. anything in sa:d pran~sswy rtote or in this Matgsge to Ine :omra.y notwiths~and~~~g: and thc~eupon or thereafter at the opnon o(
sn d MORiGAGEE, w~thout notlce or demand, suit a1 law ot in equity, tFxretwe w thereatter begun, may be proaecuted as if all moneys secured hereby
nad matured pr~or to ~ts instrtutio~.
7. That in Ihe e~ent that at the beginn~ng of or at any time pe++ding any sv~t upon this Nto~tga9e, o* to (weclose it, or ro reform it, o~ to enforce
payment of eny da~ms hereunder, said MORTGAGEE shall apply to ~he Cavr~ hav~ng ~ur~~d,ct,o~ thcreot for the appo~ntment of • Receiver, such Court shall
forthwith appo~M a rece+~er of said mortgaged prooerty all and singular, in~l~d,ng aii a~~d s~nqu'ar the mtorr,e, prolrta, ~ssues and revenues f?om whetever
seu~ce derived, each and every of wh:ch, it be~ng exp~ess~y ~r~ers~ood, is hereby morrgagrd as i! speoi~~a~ty set ferth and deunbed in the granting a~d
habe~um clavses hereof, and such Receiver shall Mve all the broad and effeCtive fu~tt.on3 and pov~e~s ~n any~v~se e~trus~ed by a Cou~t to s Receirer, and
s~ch appointrt+ent shali be made by s~ch Covrt as an admitted equity and a maner of absol~te r~gM to sa~d AkJRTGAGEE, and without ~eference to the
adequacy w inadeqvaty of ~he value oi the properry ma~gaged or to the so.vency or ~r.soiYency ot sa~d MORiGAGOR or the delendams, and that such
re~,rs, protes, incane, ~saves and revenues shaii be applied by such Recr~ve~ accord~ng +o the lien or equ~ty of sa~d MORTGAGEE and the pract~ce of such
Court.
8. To du:y, pr•xnptly and fulty parform, dixharge, execute, effect, complete, comply w~~h and abide by each and every t}r_ stiputatior.s, sg~eemenis,
:onditions and covenants in sa~d promisawy note snd this mwtgare iet forth.
9. Thnt in the event the ownenhip of the mortgsged premises, or any part thereof, becomes vested i~ s penon other tiun the MORTGAGOR, the
h'.ORTGAGEE, its successaa and assigns, may, withoul no~ice to the MORTGAOR, dea: w~th :uch succeswr or successor in ~nterest w~th re(erence to this
mo~tgage and the deo~ hereby secu.ed in the same manner as w~th Mo.tgago~ withovt in any way vi~~ating or d~scharg~ng the Mortgagori liability her~
ur•der or upon ~he debt hereby secor~d. No sale of the prem~se~ hereby mertgaged and no forbea~a~ce on ~he pa~i oi the f~tORTGAGEE or its successon
or assigns and ~o exrens~on of the t~me far ~he paymenl of the debt hercby sec~.ed given Gy ~1K MORTGAGEf or its svccessors d assigns, ahall operaM ~
ro re~ease, d~acharge, nwdify char.ge or affect the orig~nal liac~~~ty of the M.ORTL'iAGOR herein, eithrr in wholc or in part.
10. !t is speuficaily agreed that time is of the esx~ce of this co~troct and that no waiver of any ob'+gatlon hereunder or of the obligation sr
cured hereby shali ar any time thcreafter be held ro be a wa~ver of the terms hereof or of the instrumem s~ured herby.
I1. In adds o~ ~o the faego ng monfh!y payments of princ pa! end inreres~ req~~red by the prom:ssary nore secvred iureb~, mongagor covenants
a~~d agrees to pay ro m.ortgagee vvilh each monthiy payraent an adder~or.al sum rsnn,ated by mortgagee to be eqvai to 1; 12 of tltie annual cust of the (o~low-
A-A!I ~ea~ prop~rty taxes levied o+ assess,~o agai-~sr th:~ above desaibcd r~-a~ es!ate.
B-Pre:-:::, ns on f~re and windstonn ir+w~arce as here~n req~:red to be ca~ned on the ~m;:roveme~ts sitvate on th~ above d:suibed premises.
I C-Premi~irs o~ s~ch mortg~ge guaranry insu.a.:ce as mortgagee shatl iro:r± t•me to time oeem fit to carry on ~he loan sewred hereby.
Mortgagee shai! from t~me to time nor~fy mortgagor ~n w~iting of the a~r:ou~t d.,e and payab~e hereunder and wch s~rn shait th<reupon be due and
' ;.3;able o~ thr due date of the next month`.y payment and each successive ~~onth the:eafro~ ur:til mortgagee shatl notify mortgagor of a change in such
i
ovnt_ Such s~ms sHa:i !~e applied by mortgag?e tcward the payment of real property taxes, inwrance prem.ums, a~xl mortgagr guaranty insurante.
; c•emiums.
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~ IN Y~ITNE~~ VIHEFEOF. rhe sa~d MORTGAGOR has hereumo xt h~s hard and seal the day and year first a{orew:d.
~ Signed, Sealed a~d deiive~ed in the presence oi:
~ ~ l l : ~~.c/~- (Seaq
~ , ' (Seaq
csNn
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~ ~ATE OF FLORIDA ~
~ ~ouNTM o~ 5?. WCIB ~ u'
~ e~ra~ ~~?~~~i,, appeared Myrtle E. Wa9n¢Z~ a sinqle adult ~pe
WnaN~r. to me well known and kno.vn to me to be
~ she individwf~ described in and who executed the fwegoirg instrument, md acknow:edged befwe me that she~ executed the same fw the purposes ~
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° fffttQifl QXPflffEd. ~~Y
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WITNESS my hsnd snd of(iual xal this_ - dsy of ~rCb A_ D. 19_~1
~ ~L.'y~' ~~.~~f!'i' ' -
' Notary PubIK in and Ior the S(ate of florida tl lar~
~ ; ~ ' ; My Comm~ssion expires:
Er Rer~m ~o: . s' u~'uu~t~~~~~q~ ~ARr.rUdlK~ =TATE OF FLORtD~ AT LAM~
First Fedr.al Savi s b loan Associat~on ~a~`~'+'..1i:~ uc ~
Of F
9 t ~ erce. ~ 1~'~.~~6~'~~ ~ t~H~ f~Rw. ~1~~ 1~
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Fort P~e~ca F'or;d~ Q ~ xC7" ~ ~ ~ 8 ~ ~ ~ A
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C:. -,,7 ~ J.'' ~ y_ = fILE~ AMO REC?RQE~ v
. . s~ t,..r 4;
,r f'~%;~ m, =t. LUCIE COUMiI? fLA~
~ •r J > • • - ROCER POITR/~
: CIERK CIRCUIT
~ This Instrument Prepa~ed By JOhl1 W. CO,~'r~i ~ Q~ ' ~RT
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~ •,.'~'t~- . RECORD Y
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First Federal Savings 3 Loan Association ERIFI~p~~
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~ ~ of Fort Pierce~ Flosida . ~ ~ ~O
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Checked BY CI~------ ~i~.~i~~
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