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To pl~c~ and co~tinuously ke~p a+ tM bui'dinps now or Mr~aft~~ ~ituat~ on taid I~nd and on all equip~nenf ar~ perlonally tOVe~e(1 by thi~ morly-
~g~, with ~11 prtmivm~ thereo~ pa~d in 1u11, Gre insw~~c~ in ths wual its~de~d po!ity (am, in a•um apExoved by the MORtfiAGEE, u~d w~~dt~wm
inw~ince in tM uswl Nandard pol,cy fam, in • sum ~pproved by ~M MORIGAGEE, in s~ch to~~pany or comp~n~es s~ ~he MORTGAGEE may
~irect; ~nd all fi~• •nd wind~to~m insurante policie~ o~ any of ta~d buitd~r~f. any inreretit ~herein or pa~1 Ihereoi, i~ Ihe agyrege~e sum ~fwefaid w
in •ac~u lhereof, ~hall contain th~ usual itand~rd mor~flapee claus~ w su:h oihe~ dauis ~i IM Mwtgagee msy cequ~n, mating tho loss under ia~d polb
des, each •nd every. paYab~a to t~~d A10RTGAGEE at ~t~ in~eresl m~y ~ppear, and esch and every ~uch poi:cy shail be p~omptly •ss y~~rd and de~~vared ~o
~ny held by faid MORiGAGEE as iur~he~ ~ecurity lo s~id mwlflag~ dcbt, •nd, no~ ~e~s ~han ten (10) days in edvance of ~he expirano~ oi each policy, 1o da
I~ver to s~id MORiGAGEE a renewal thereof, IopetMr with • teceipt fa the premium of tuch ~enewal; a~xl Ihere shall be no hre w wi~~ds~orm insuranc• }
plsc~d on •ny of said build~ngs, •ny interesl tha~in w pa~~ ~hereof, unless in ~ht forn~ uxl w~th 1he tou pavab~e as a}o~csaid; •nd in t1~e eveM any sum ~
of nwn~y becomes payaWe under suth policy a policies iaid A10RTGAGEE afiall hsve tM op~~on ~o rec.:ive a~id apNly the se~ne on account of the i~id~ab~ed~
nesa ~ecur~d hK~by d ro pe~mit said MORTGAGORS to rete+v~ ~nd ut~ i1 p•ny par~ thereol lor oti~cr purF~osrs. .•.~~ho.,t ~h~r~u~ w.:~~~•~~ o~ ~~~~p~~~•
iny any puity, li~n or riqht ur+der or by virtue of IAit mOr!flape; ~nd in ths ~vent se~d MORTGAGORS shall for any reason fail to keep ~hc s~id p~emites io
~niured, or fail to de~~~e~ p~c?n+pdy ~ny of ssid po~K~es o) iniurance ro sa~d MORTGAGEE, or f~il promptly to pay fully any pre~m~m thrrc~or a in a~~
respect (ail 1o p~rform, d~uharge, executs, e(~ec1, tomplete, canply wiih ~nd a~ide by thls cove~ant, or any Fart hereof, said MORiGAGEE may p~~ce •~~d
pay fw such inwranc~ or any part thereof without waiv'erg a ~f(ectinp •ny optron, lien, equ~ty, or rigM under a by vi~rue of this Me~rgage, •nd the
full arnovnl of tach and ev~ry such payment ihall be imrnediNaly dus and p~yable and shall bear interost from the date thereo( u~dil paid •t ths rats o1
mne per centum pN annum and togethcr with s~ch inte~est shali be sacu~ed by tha lien of th~s nwrtgege.
To pKmit, commit or sutfer no wa~?e, lmpairmeM or detera~ation of said prope~ty or any part thereuf.
S. To pay ~II ~nd singular the costs, ch~rpes ~~d expenus, including a resson~ble atto.ney's tee and costs of abstractt oi title, incurred o? patd at •
any time by sa~d MORiGAGfE, becauu or in the evtnt of the fa~lure on the pa~~ of the sa~d MORTGAGOR to duly, pron~plly a~ I~IIy petiWm, d~uha~ge. ~
eaccute, eI(ett, complet~, comp~y w~~h and ~b:de by exh •nd ever~ the sNpulat~ans, agree~~ent~, condit~ons, and covenants o1 sa~d pronussory ~ote a~d th~s ;
n,ort9sp~ any w eitAe~, and s+id costs, charycf and e:penus, each ~nd every, ~hall be imm.,d~ately dve and payable: whe~ixr w not there be not~ce de i
mand, attempt to colkd w iuit pend~ng: u~d tM full amount ot each and every svch paynxN shall bea. inreres? irom ~he date thereol unli{ paid at the ~
~,.re o~ nine pe? ctroum per ~nnu:n; a~x3 all said msts, char9es ~nd ezpe~xs incurr~d or paid, lagether wah tuch ~n~erett, thaU b~ sec~red by the lien o1 th~~ _
mortpa~.
6. TMt en tAe wem of any bresch of this MwtyaQe o~ defsu~l on~ ths part o( the MORiGAGOR, w(b) in tF+e event ~ny of satd sums of money
hrrei~ rc(erred to bs not prompNy and fully paid within th~rty (30) days nea~ af~er ihe sa~ne sevcratly become due and payable, wiihout demand w no~ice.
er tc) in thr eveM exl~ aed every the slipu~ations, +9~eements, cond~tions and covenams of ss~d ~om~swry noee and ?h~s mortpage any or e~ther •re no1
iv1y, promp?ly and fully perfwmed, d:sch~rged, executed, eltecled. completed, compf~ed wiih end ab~ded by, ~hen in e~~her a any svch evem tM sa~d a?
3regata sum mentioned in s~id prom~sswy note ~hen re.naining unpa~d, with interes~ acciued, a~d all inoneys sccured heroGy, shall become d~e ~red pay
abia fwlhwith, M tlxreafte?, at the op~~on o1 ~aid MORTGAGEE, as fully and comptctcly as il •II of ti~r said sums oi money were origin~lly stipulattd
to be pa~d on such day, anythin9 in sa.d pranisswy note or in this Mwtyage to 1fie coo~~ary notwithstandu.g; and thereupon or thereefter a~ the option of
sa~d MORTGAGEE, without notice or demand, suit at law or in equity, there(we a thereafter begun, may be prosecuted ss if •11 mo~eys tecured hereby
nad matured pnw to As institution.
7. That in the event that at the beginn~rg ot w ~t any time pend~ng any su~t upors this Mortgage, ~f~`IMft1oS~' it, or to refa.m it, or to enforce
pav~+em o~ any daims hereuncier, said lNORTGAGEE shall apply to the Coyrt having ~ori~dltttCli'IKcreof f6r The`appo~ntriient of'~ Rece~ve~, such Cw?f shsil
lorthwith appoint a~ece~ve~ of said matgayed property all and singular, int~ud~ng all and singu~~~ 1he income, prof~ts, iss~es and reven~es trom whatever
se~ice derived. each and every of whKh, it beir~y expressly understood, is he~eby mor~gaged as if spec.l~calty x~ forth and desuibed in ~he g~anting and
habendum cls~ses hereof, and such Receiver shall have •11 the broad and e(fective funtt:ons and poweit in anyw+se entr~sted by a Court to • Receiver, and
wch appointment shalt bc made by suth Cou~t as an admitted eq~ity and a matter ol absolute riyM ro s~id MORTGAGEE, a~d witFwut re(erence to the
edrquxy or inadrqvscy of the value of the properfy mortgaged or to the so:vency or insolvency ot said MORiGAGOR or the defendants, a~d ~hat tuch
.enes, profin, income, issuea and ~evenues sMN be epplied by s+rch Reteive~, accordu~g w the lien•or eqoity ot said MORTGAGEE and the practae of such
Court.
8. To duty, promp~ly and fuiiy pe.form, dixharge, execute, effect, complete, conply w~th ~blde by O~ch a~d every the stipu~ations, agreemenis,
conditions and covenants ~n sa~d promissory note and this mortgage se~ forth. ~ ' ' ~~1 '
9. That in the event the owncrsh~p oi the mortgaged premius, or any parl the?eof, becomes vested in e person other ihan the MORTGAGOR, the
~!ORTGAvEE, irs successo+s and assigns. may, without notice ro the MORTGROR, deat w~th svch s~ccesso~ or successw in mterei~ w+th ~eference to this
me~tgage and thc debt hereby secured in the same manne~ as with Mortgagor without in any way vit:ating Or d~xharging the Mortgagori liab~lity hur
u~der or upon the debt hereby sec~red. No sale of ihe Fremists hereby mongaged and no forbearance on the part of the MORIGAGEE or its iuccessors
or assigns and no exter+s~on of the time (or the payme~t of the debi hereby secured given by the MORTGAGE' or its successors w ass~gns, s~iall operatt
to rclease, d~uharpe, mod~fy change or affect the original liab~i~ty of the MORTGAGOR here~n, either in whote or in part.
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10. It is spe;Ifically agreed thar t~me is of the esscnce of th~s contract and that no waiver of any obl~gat~on hereunder w of the obligation sr
cur~d ?~ereby shall at any lime thereafter be heM to be a wa~ver of the terms hereof or of the instrumem sccured herby.
11. in add~~on to the fo~ego ng monthly payments of pri~t pa! and interest requ~red by the p~om ssory no!e s:cared hereby, mortgagor covenants
n~d agrees to pay to mortgagee w~th each montniy paynxnt an add~~ional sum est~ma~ed by mortgagee to be eq~al to 1; 12 of the annuat cmt of the follow-
ng:
A-AII reei property taxes lev~ed or assessed against ~he above described real estate.
! B-Prem~u~ns on ilre and w~ndstorm insu:ar.~e as here~n requ:red to be carried or. the ~mprovements s~tuate on the above described premises. i
C-Pre~+~~ms o~ such mwtgage guaranfy ir.sura.~ce as mortgagee shall frcm t me to time deem fit to carry on the (oan sec~red hereby_
i Mortgagce s~a'i !rom t;me to !~me nonfy mongegcr ~n writing of the amount due and payable hcreundrr and svch su:n sha11 thereupon be due and
: avable on tbe d~e date of ihe next month:y paymem and each successive month thereafter ur.tit mortgagee aha? not;fy mongagor of a change in such
ourtt. Such sums sFa:l be appiied by mortgagee toward the pay~*+ent of real property taaes, insurance prem:ums, a~~d mortgage g~aranry insurance
: ~emiums.
IN YIITNE~S WHE Of, t sa~ MORTGAGOR has hereu~to set his hand and seai the day and year first a~oresaid.
R ~"`d, s~~i`d of: FILEQ AMO REC~ROEO r '
F ST. LUCIE COUN Y F~A.
` ROCER POITRAS p
: CLERK CiRCUIT COURT ~
= pECORO YERiFIEO ~ . :
4 +t'./~ ~ ,^'IC.. j
'r STA1E OF FIORIDA IO "~•'TI ~ . • « _ ~
~ 20724 ~h'~=~~.
a c~~u:vrr oF St. Lucie ~ ss. ~ _ •,~~~j-~a'
~ Ma L. Sehin a sin le adult - ~ J ~ ~ `J ' ~
y I . • ~ ~
~ before me personaliy appeared f•
JI~G~Yto me well known $a .~own to ~ to~6e; , s
` rhe individwl~ desvibed in ~nd who executed the iwegan9 instrument, and xknowledged before me ihat=hey executed tF1e saipr~'ibr ~'e~~i{iSppse's ~
~ therein exp~essed. ,I~~~~"
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- WITNESS my hand and official seal thi~_ dsy of April ~ p 14
- Notary P~ c a`nd (or the State of Florida at larpe
= My Comm~ssio~ expires:
Return To: _
" First Feder~t Savings 6 loan Associst~on . ~ ~ ~ ~ ~ , ~ V. ~ 'L9 `1
IZ
.~Y 1.,.....,. .,c. ~:c~5 ;,uV. ,
- flf Fort P.rrce y,~;.C_~ . , . . n~rwTEIMORi.
- Fo*t P+erce. Flo~ida
~ This Instrument Prepared By J. D. Chastain
First Federal Savings 6 loan Association
of Fort Pierce ~ ~lorida
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# Checked By -
:s
~ ` i91 154~ l~s
6GGK
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