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3. To pixe and cunt~nuoualy w~tp on ~M bui:d+n~s now o~ lureaitN s;fvst~ on sa~d land and on a}I cqv~pr+w~t ~nd pc.sa,aUy covered by ~I?if mo~t~
p~, w~tA all pre~~~ums ~he~arx+ ps:d m tu7i, f~re iniu~~~te ~n tht u~vai s~~~dard po`~cy fam, in • sijn appro.rd by the MOR~GAGEf, anJ wind~~wm
insw~?c~ in tM uiwl se,ndard pol.cy farn, in a sum aparoved b~ ~he MORTGAGtE. in wch canpany o~ compan~cs as ~he A10AIGAGEE ~+~y
d'uec~: and all f'us and w~nduo~m msuroncs po~iuet on anY of sa~d b..ifd.ry~, ~ny in~ereet theroin ~ par~ thereof, ai ehe a9yrrga~s ~uR+ afaesaid u
in taces~ IAerwf, sMll contain ~he vwal uandard morrga9e+ u+us~ u ~uch otiw~ cla~u as ~h~ Mortyagee msy requ.r~, ma?inq the bss undr ~a~d po~~
c~~s, each and svery, para4~e ro sa~d ~IWRTGAGEE as ~q ~n~rrrs~ may appea~. +nd e+ch and e.ery sucA po~~cy sFuil b~ prumpr.y au 9~ed a.~d ~et~~c?~d ~o
~ny htld by sa~d AIOR(GAGEE ai (ur~hr~ sccurity ~o w~d o~o+~gag~ debt, and, no~ ~eu ~han een UO) days in ad.a~~ce o( t?~e expi~+t;on ol eacF `alicy. ~o da
Gvt~ to s+~d JNORiGAGEE s renewal thereof, ~oge~ha wi~h a ~rce~N~ for the p~wn7um of wch renewal; and ~here shali b+ no L~e or w~~~dsron~ insuraoca
plKed on ~ny of said b~ild~~+gs, anY interest there~n w pail ~he~eoi, un!esa in tAe form and wi~h ~he loss paY+ble as afaesaid; and in 1he er~nl any twn
oi money becomes paya'ote u++dt~ such poiecy or polK~et sa~d MORIGAGEf shall have ~he opt~on to rcce~re ai~d appIy tha same on accowis oF the ind~uted~
neu ucwed lwveby w ro pe~mi~ sad MORiGAGORS to rcceive ~nd us~ i1 w any pa~~ the:eo~ f~w o:~~~r pw.~oscs, .:~inocT ~h~+.ui ,~.a~.~•~3 .~:~p.~~~-
irg any pu~ty. Len a~~gh1 u~dr~ a by virtue of this mo-'gage; and in the erent sa:d MORTGAGO2S shr:l fa? any reason i+il to ktep ti,e said premitas w
~r+awsd, or fail to de!ivcr pranptly sny of sa~d po~Kies o! i~w~a~ce ~o sa~d MORTGAGEE, w fa~I p+cmptiy to Fvy fv~ly anY p~e~~uum therafor a in any
respect lail to psrfo~r.~, d~ulurge, eaecute, efiect, comp:er=, canpty with and abids by th;s cove~snt, a any parl Aeieo~, aa~d MvRT^,AGEE may pi.ce ~~~d
paY fw such insurencs or any pan thercof w~thou~ waiv~r+p or a~fecrinq any opt~on, iien. cqu~iy, w.~ght w+der a b~ v~rrue of ?h~s Ma~ga9e. and ~he _
~~G ama.m uf cach and =.ery such payment sMll be ~mmed~arely d~e and payable and shau oca~ 7nterea~ from the daro thereoF umil pad at tM rate ol '
n~ne per cent~m per •~~n~rn and ?o~rthrr M~fh such interest sh~li Ex se[ured by th~ lien of th~t mwtgage_
Tp pe~mi?, commit or suF(e~ no waste, impairmem w detcriorat7on of sa~d propertr w any part ihrreof. _
5. ?o psy all and singulu the cosn, cMr~cs and expensei, inciud~rg a reasonabte attwne~'s fre and costs of ebsuada ot t~tle, incurred or pa~d at
any time by se~d MOR1GAti:E, becauae w in the even~ of tM ~a~lure on ~he pan of the said MORTGAGOR to duty, p~a„ptly and fu~~y pe~form, d~xhsr~.
eaecute, effect, cwnptetr, comp!y w<<h ar.d ab:de by exh and every the stlpularwns, agreen.ents, cond~ua~s, and covenants of sa,d proT~ssory no+r and thl~
.,~orrgage any a e~~he.. and sa.d coan, charges and eaprnxs, each ~nd evcry, shail be immcdutety d~,e and payab'e; whe+he~ or no~ i7.rre be ao+~ce der
mand, atte~pt to co~lect u suit pend~ng; snd the (u!1 +~nount of e~rth and e~c~y such payment sha~l bra~ ~n!crest from ~ke da~e thercof until paid at fl+e
.3te oi ~:~ne per crnt~.n ~.er a~:,,~ n; arK; aN se~d costs. c~arges and expenses in[w~ed pr paid. tpgct~~r w~th such ~ntertst. sMil be lKVfld by IM! I~M O~ lFl~f ~
mortyage. ~
b. That (s) i~ the e~enr of any breach of th:a A~wtgay~e w defauit on the part of rhe MORTG~GUR, or ;bl ~hc eve~f sny of u'd suma of money
hcrein ~eferrrd ro be not Fru~nptiy a~d fu!ly paid with~~ ~huty (30) days ncx~ after ~he same severa!:y betome dtre and payable, w~~hov~ demand w ~+otice,
or (d in the event each s~d rve.y the stiputa~wns, sgreements, cond~rions and covenaots of sa•d prom:sw~y note and ~ha mongege ar~y w ei~her are na
iuty, pra~,prly and f~,ly p~rfo~mrd, d.scharged. eaec~rad. effrcted. compJeted. canpi~ed wuh and a5~~d Sy. then in e.+her w any such event tAe sa~d ~g
gregate sum menn~ne~ in sa~d prom~uwy note then remair.ing urpa~d, with interest accrucd, ar+d att moneys setare~ hrreby, shatl become dw ~nd pay-
eb:e fexth~nith, o~ tFxreaftcr, at the opt~on o1 sa:d MORTGAGEE, as fv~ly ard comp:et~ly as if atf of ?hr sa~d s~ms uf money~were wg~nally ttipu3ated
ro be pa.d on svcA day, anyth~ng m sa.d prom~sso.y note w in ih~s Mongage to the connary no~w~rhs~a~~d~ng; a+~d ~hereupon a ~he~eaf~er a~ the opnon of
sa:d MORTGAGEE, w~shout not~~e or dema:~d, auit at law or ir? equity, the~efwe or thereafier begun, may be prosecuted u if alf moneys secwed hereby
nad matured pnw to ~n insusut~o~.
7. Thst in thr eYCnt that .r ?~-~;i~cinn cf ar ai ~..y ~~~.~r ~x~..:L:y s.::t :,~,:.a `.`.i: Mortgage, w to fo~edou it, or to reform it, w to enfwp
psyment of any da~ms he+eundr.. sa~d NtORTGAGfE shali app~y to the ta,rt haY~ng ;ur~sd:c~~a+ thereof for ~he ep~.mment of a Reca~ver, iuch Covrt sha0
fonhw~th ap{wint a~ece~+er of sa~d mo~tgayed ponerty all and singula?, includ~rg ali a.td s~nqu~ar the income, protas, issues and revtn~es from whateve?
seu+ce drrived, each and every oF wh~c1~, tie~ng ewpress!y ~r?de~at~d. is ~+e~ebr mwt4aged as spec.l~ca~1Y se? fwth a~d dex~ibed in the gronting a~d
habendwn cfa~us her~of, a++d such kecewer shall have all the boad and effecrivr func~~ons end pewen ~n anyw~s. .a::~ar.~ ~art to a°c:_cvt~, e~~a
s~ch appoirome~~t shau be made by svch Court ss an admined equity and a rnittn ef absolute r~ght ro saic.+ MORiGAGEE, and w~slwut reference to the
adequacy w inadrquxy of the w:ue of the property mortgaged w lo ~Fx so:vency o~ ~nso~vency of said MOAiGAGOR a the dete~dents, and ~hat such
re~n, p~otits, incane, iswes and revenues shaN be appl.ed by s~xh Receiver accwdu~g to the tien or rq~ity oi sa~d MORTGAGEE and the practice oF such
Court. . - .
8. To d~fy, pranptly and fully per(wm, d~sc!~args, execvte,_effect, complete."tomply with and abide by each and e~cry the stip~,iations, sgreemcnri,
conditions and covenanes ~n se~d prom;sswy note and tl1;s mortgaye xt fwth.
9. That in the eve~+ fhe ownersh:p of the mongaged prem~s4s, ~w any ps~t thNeof, becanes vested in s pe•son other Ihan the MORTGAGOR, the
kORTGAGEE, its wcc~•ssura and ass:gns, rtwy, wirhovt nake to ~he MORTI"~aAOft, deal with sucF~ succeswr or s~ccessw m i~te~est with reference to this
mo-~gage and ~he debt hc•eby secured in the same manner as w~~h Mortgagor w~ilwut in any way vit;ating w d~xhargfng the Morfgagors' liabil~ty here-
undcr a upon ~he dctrr hereby secured. No sale of fhe premises hrr~by mortgaged and no lorbeara~ce on ~he pa~~ oi thr /aORivAGEE w its s~ccessws
or aas~9ns a~d no ea~e~s~on of the t~me iw the payment o~ the deb~ hercby secured given by the MORTGAt',E'_ or ~ts svccessw~ or ass:gns, shatl operate
ro release, d~scharge, mod~fy c r+ge w affect the org~nal liab.idy of the MORiGAGOR herein, e~ther in whote a in part.
IQ. le ~s specf~calty agreed rhar time is of ~he esxnce of this contract and tha~ no wai~er o! any obltganon hereunder or of ~he oblipation se-
cvrrd hereby sha1~ ai any time thereafte~ be hefd to be a waiver ef the terms hcreof p of the instrumem sec~red herby.
11. In ,~d.r!o~ to ~he fwege n~ momh}y payments of pr.:~c pa~ and ~o~rres~ requ~red by ihe promss, ry nore s:c~~ed hereb~, mortgagar covenants
i~d ag~ees ro pay ro n:c-tyagee v.~th each n~,on+h~y pavrnere• an add.::onal sum eu:^vred bY matgagee to be equai ro 1, i2 of rhe annual cost of the follow-
,~~g:
A-A+1 real p~opeoty tax:s tev~~d o~ assesu~d aga~•~si ihe above descr+bed real estate. ~
B--Pren:•~~r.s on hre and windstonn ~nsurarce as ~•e~n requ;red to be carned en the fmrroremeits s~tvate oo ttK above d-_scnbed prtmises.
, C-Prem~;,:--s o~ such murtgjge guaranty icsurar,~e as mortgagee sha~l frorr. t~me to t6ne deem fit to carry o~ the ioan secvred hereby.
4 M~tgager s'^-i! `~on, s,~ne to t~:r.e r.o!=fy mc.egagcr w.it~ng of the amou~f d.re and payabk hereund,,~. and such w~n shall thereupon be due ~nd
~ ~ayabfe on tha d~e caTe of thr r.e¦t r.ronth.~ payment a~d each s~ccessive monrh thereafrer ~ntJ rtcortqagee sl~aii not6fy ~rwrtgago+ of a change in such
I a-ount. S~cfi w+~s sFr i trP aop;ed by mwtgagee toward the paymem of rea! prope~ty ta:es, insvrance p•em,ums, a~~d mo.tgage guatanty insursnce
~ :remwms_
E IK Y11iHE~5 ~1iHEPF:?F rhe sa~d MORTGAGOR has Fxreunto set his hsrsd and ~eai the day and year first aforesa~d.
I ~
S:gned. Sealed and dr'~•~ered.,jn she preserx of_ FILEO ~N'J RECORDEO ~
+ ST LUC~E CCUNTY FLA • ~t/~'C aq
' ~ , ~ ~ ROGEF ?O~TRAS
CLERK CA1~ E~ COURT
- RECORD vE ~ ~
~0
S~ATE Of FIORiDA ' ~
:ouNn oF St. Lucie ~ 2~.1-~~~~ -
before me penonafiy appeared Betty Jeanne King, a single adult ~
l~~e, ro me we~l knoMrn and known to me to be ~
rhe indvidw:{ descr~bed ~n and wFw exccuted the fo~egoing instrvment, and scknow~edged befora ~+e thaf ~p~ex«uted tFx sarr.e fw t!w pwposes '
i
rherei~ eap?esxd. 3~[1~7OQ , S11B
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~IOOO~Oi~[ -
. _ ; i :4~i.:; - . .
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WITNESS my hsnd and offic+al seal th:s_ day of -J11Ile , - - A. D..1 ~.J~
7
. ~ ~ ~ ~
Nolary vblic in and (w f '~0~.~10tiG ~t tR~
My Camm.ssiw? t:pirea~ ' Tf~~£ ~ -
Return io: UC STAiE nF t11~~~~1 a-:
; _ t i? . ~y •
NOTARY Pl1Q ~ . 1; 1~5
fint Feder~l Sevings 3 ioan AssouatSo~ M.• r.• - ,
' ~ ~ ~ ~ ~ P ~ Ur~oEitYJ~11~t~9~~NC.' '
O( Fo.e vr-c~ G~i~ER:;l1.vSU..ANCC r~_ r..
Fort Q~e~ce Flor~da ~9~~~ ~ t l r.~'"
3 _ ~ - r,:,<,: . _
This Instrument Pre~ared By RiChaZd K. Kayes
First Federal Sav~ngs b Loan Association
of Fort Piecce ~ FlOtida
Checked By ~
• ~ tt
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