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3. To plxe ~~d continuously ke~p on the bui:dinps now or heroaiter ~i~w~e on ~a1d Iand and on afl equ~p~nen~ and pe~ionaUy covered by this mo+t9- ~
ys, with al) premiums thereo~ p~~d in full, tire ineurance in ~he usual s~andard pot~cy iam, in • surn appro~ed by the AtOR~GAGEE, and winds~am
in~u~ancs in Ihe utiual standard pol~cy (am, i~ a sum approv~d by ihe MORTGAGEE, such company o~ companiei as ~he MORiGAGEE may
dirett; ~nd ~II fire and wiods~orm insu~ante po~kiet on eny ol said buiid~nss, any interest Iherein ur pait thereol, in Ihe agg~egate sum afwe~aid w
in ~xc~u Ihereof, shall conuln tha uswf t?anda~d mor~gagee clause or wch o~hu cl+use as the Mortgagre may requ~ra, ma?inp the loss u~dar ~a~d polh
ues, each ~nd every, payabl~ ro said MORiGAt'aEE a~ its intrrast may appear, and each and every wch po'.~cy shall be p~omptly ais g~~rd a~.d delivered to
any hefd by sai~ MOR[GAGEE as ~uriher security lo said mortgage deb~, and, not tess then ten (10) deys in ad~ante of the exp~rat~on of eath poGty, lo dt
live~ ro taid MORiGAGEE a renewal tlxreof, toge~her wrth a receipt for the p~em~um oi s~Kh renewat; a~~d there shall br oo Gre a? wi:~daro~m iniwancs }
plsced on any o} said buildings, any inleresl therei~ o? pa~l thereoF, ~nless in ihe form and with 1he los~ payable at aiaesaid; and in the event any ~um t
of money become~ payable under such poliq o~ polkies said MORTGAGEE shall have the opnon Io receive a+~d appty the same on accoun~ o( the indcbted-
neas fecured hereby w b pe~mit faid MORTGAGOR$ to receivs ~nd us~ it a any parl ~he:e.~f lor o:nrr Hw~~csrs, ..~~h~~t ih_n u; ws~~~~~~ or ~n,pair-
irq ~ny p~ity, IiM w ri9At under or by virtut of this mo:!gage; and in the evem sa~d AAORTGAGORS shall for any reason fail to keep the sa~d pramises so
insured, p fail fo de~rva~ promptty any of said polKies of insurante to said MORiGAGEE, w fa~l promptly to pay (v?ly any pre~n~u~n therefor w in a~y
resp~ct fail ro pe~(wm, d~scha~ge, executs, alfec~, completa, comply with and sb~de by th~s cove~ant, or any par~ hr~eof, sa~d MURIGAGEE ntay place and
paY fw such i~suranc~ u~ny part tFureof withovt waivi~p w affecting any opt~on. lien, equ~ty, o~ right unde? w by v~rtue of this Mortgage. and the
f~ll amount of each and tvery such paYment shall be immediately due and paYable and shall bear interest from the date thereof u~til paid at the rate ol
n~ne pe~ tent~m per annum and togrther with :uch intere:t shali be secured by Ihe lien o1 Ihis mortgage.
4. To pl~mil, tOmmif or suifN n0 wasle, impairment Or dct;~ioralion of said prupc~ty ot any parl Ihereof.
S. To pay ali and tingulsr 1F?e tosts, charges and expenses, includ~ng a reasonable attwney's fee and cost• of abstrads of title, incurred or paid at
sny time by sa~d MORTGAGEE, because w io the event of t~e (a~lure on tix pa~t of the sa;d MORTGAGOR to duiy, p~o:~~pdy and (ully perfwm, d~xharge,
execute, effect, compleq, comply vs~th and ab:de by each and every the sf~pulaT~cx~s, agree~~kros, cond~uons, and covenen~s of aa~d prom~ssory no~e a~ fhi~
mo~tga9e any or ei~her, and sa~d coits, charges and ex, ensrs, each and every, shall be im~ned+at~~ly due and payaWe; whe~her oi not there be not~ce de ~
mand, atte~npt lo colletl a i~it ~,e~~~iy; :+~.i tha ful: amount of each and every svch payment shall bra. interest trom the da~e thereot until p~id al the ~
rate of nine per centum pe~ an~eurn; and all uid costs, tl~argea and e+epe~ses irxurred w pe~d. ~ogather wah wch ~nte+rst, ~twll be securad by the lieo of thit
mortpapt. ~
Q. That (a) in the event of any MeacF. of this Mwtgage or defauil on 1Fr part oi the MORTGAGOR, or (b) in the eve~t any of sa:d aums of money
herein referred to be not pra„ptly and fully paid within th~rly (30) deys neat ai~er ~he seme seve.a~ly beco.ne due and payable, wi~houl demand o? no~icG.
or (c) in the event eath and every the stipu~atwns, agrcements, condit~ons and covenants ot sa.d promissory note and th~s moitga~e any w e~ther are no1
i~ty, promptiy and fully periwmed, d~xharged. exec~ted, eifected, completed, comp~~ed vrith and ab~drd by, then in e~ther or any such event ths taid ag
gregate sum meMioned in ia~d promiuory note ~hrn remain~ng unpa~d, w~th inte~esr acu~rd, and all money: secured hereby, shall become due and pay~
eble fwthwith, w thtreatter, at the opt~on of said MORTGAGEE, as fully and completely as if atl of the sa~d sums of money were a~ginaity ttipulated
to be paid on such day, anyfhing in sa:d promissay note or in this Mortgage to the ca~trary nolwithstandi~~g; and ~hereupon a thereef~er st the op~~on of
said MORTGAGEE, without ~o!+ce w demand, suit at taw or in equily, therciwe a thereafter begun, may be prosecu~ed u if all n~?eys secured hereby
had matvred pnor lo ~ts institution.
7. Thal in the event that at the bcgi~n~ng of w at any ti~re pe~ding any su~t upon this M.ortgage, or to foreclose it, or to reform it, w to enforp
payme~f of sny claims he~eundrr, said MORTGAGEE shall apply to the ~ou~t having ~urisd~ct:on ~hereof for the appo~ntment of a Receiver, such Cou~l shall
forthwith appoint a rece~ver of said mwtgaged prooerty all and sinyula•, inctud.ng all a~,d singufar Ihe income, prol~ts, iasues and revenues from whatever
wurce derived, each end every of whKh, it beirx~ expressly ur.dersteod, is hereby mortgaged as if spec~(icatly xt fortA and described in the gr~ming and ~
habendum clauses hereaf, and such Receiver shall have al: the broad and effec~ive Ivr~ct.ans and powers in anywise entrusted by a Cou~1 to a Receiver, and
such appointment sl:alt be made by such Court as an ad~nitted equity and a marrer of sbsolute right to said MORTGAGEE, and without referen~e ro the
edequaty or inadeguacy of the vatue of tF+e prope~ty matgaged or to the so.vency e. ~nsolvency o( said MORiGAGOR w the delendants, and that such ~
rents, profin, income, ~ssves and reve~ues shall be applied by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and the practice of such
Court.
8. To duty, promptly and ful~y perform, discharge, execute, eifect, comptete, comply w~th and ab~de by each and every the stipulations, ~g~eements, ~
condi•ioru and covenanta in sa~d promisswy note and this mortgage set fwth.
9. That in the event the ownership of the mortgagai premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, tM
MORTGAGEE, its successors and auigns, may, wifhoul notice to ~iu MORTGAOR, dra! w~th such successor or successw ~n interes~ with reference to this
moregape and ~he deb~ hereby secu.ed in the same man~er as w+~h Morfgagw w~+hou~ in er.y way vitlating u d~xharg~ng the Mwtgagori tiability here-
under or upon the drbt hereby secured. No sale of the Fren,ises hereby mortgaged and no lorbea~ance on the part o1 the IAORiGAGEE w its successors
o• auigns and no exrension of the t;me fw the payment of the debt hereby secured g~ven by Ihe ti1aRTGAGE~ or its successors or ass~gns, shall operate
ta release, d~scharfle, mod~fy change w affect the orig~nal Iiao~Gty ot the MORTGAGOR herein, either in wFwle or in part. ~
10. I? is speuficatly agreed that time is of the esxnce of fhis confract and that na waive~ of a~y obligat~on hereu~de? or ot the obliysian at
cvred herebp s1~e11 a~ eny time ~he~eef~er be held ro be a wawer ot the terma fiereof w of 1fie instrumeN secured herby.
11. In add[tioa ro the fo~ego n9 momhfy payments of pri:u'pai and intrrest requ~~ed by the prom;ssary no'e secured hereby, mortgagor covenants
a„d agrees to pay ro mortgagee witfi each monrhly pay~~,ent an add~nonal sum est~n,ared by mortgagee to be eqval to 1;'12 of the annual cost of the follow-
ing:
A-All real prope.ty ta~rs levied w assrssed aga~~ist tFe above desc.ibe-d rt-al e:tate.
B-Premiu::~s on fire and windstwm insu~ar.ce as here~n reqv~red to be ce~ried on she improv e~ts s~tuate on the above d_ cribed premi
C-Premiums a~ such mortgage gua~anty ir.su.ar,ce as mo~rgagee shal~ frorr. Cma to tune de fit to carry on the (oan sec ed hereby.
Nlwtgagee shal~ from time to time notify mortgagor ~o writing of tht amount duc and paya hereuRdrr and such surn sha thereupon be ue and
~ayable on the due date of ~he nrxt nwnth:y payment and eacfi successive month therealfer ~r,til~ ortgagee shall not~fy mor~gag of a change n such
, a-:ount. Suth sums sh.a:: be applied by mortgager roward tix payment of real property laxes, i s ante prem;ums, and mortga e guaranty i~ rance {
premiumS. i
IN WITNESS WNERFO~- rhe said MORTGAGOR has hereuMO set his iwnd and seal the day nd ear first aiwesaid. ~
~
Sipned, Sealed snd e'v ed in the p~escnce of: f
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STATE OF FlOR10A ,
S5.
~ cour~n o~ Dade i
eefor~ me pe~woal~y appeared Hor~e ro hiu i r ra c~u i - .nd ~
~ :1nq e l a l~".l~ l I' rcl C]Li l his wiie, to me well known and known to me to b~
[ the individwb dtscribed in ~nd who executed the foregoiny instrurteent, and stknowledged before me that they exccuted the same for the purpose~
# rherein expressed. And the said -~T1Af.'Zd :`~ll.l l t I'dqU 1
~ rviie of tMe taid - _ ~ }`onero Muitrac~}i upon a upuaf~ ~r?d privaN
~ examinat~on by me taken separate and apart irom her iaid husband, atknowlcdged to and brfwe me that s!x! executed said instrument freely and voFun-
±a:~1y and witl~out any compuision, constraint, apprehens~on, ot fear of or from her ' husband.
' WITNESS my hand and olficial scal this_ • dsy of A. D. 19 71
~ ttiLE~ Ay ~pUM7Y f~~- . ~
- st.l1~~~.. 7~tjitl~S
. ROG~R ` ~V Notary PubIK in ~nd fw t a e flo~ida af Larp~
° AR C1RCV~t ~ My om~q~ssion expires:
R~f~~~ ro: ~EC~R~YEatf~E~ ,r~-eC-']ra ~ ~~9'7'~'T,.~'';.:+ .
~ First Federa! Savings ~ loan Aasocier. ey 1?' .'~~!~~O ,
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~ Fort Vicrce. Fiori;l,~ ' L ~ • • 1: ~iv?. -
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~ This Instrument Prepared By ~'iCh~rc+ K. Kayes Y';~ ~ '
First Federal Savings 3 loan Association - ~ • =t! ~ J ~z , ~ ' .
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of Fort Pierce ~lori!~a ' ~
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