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J. Yo place contiouously ket~ a+ ~he in+itd~nys ~ow a hNea(tN ~itwtt on aaid t~~d and on att puipr.~cm a~1 ps~son~lly covatd bY thi~ enort¢ ~
p~, with sll prem~ums ~htreon pa~d ia iu~l, fue ini~ra~te the ~w+i ita~dsrd policy fwm, in • tum ~pp~owd by the MOR(GAGEE, and w~ndttam
~nsuranc~ in ~As uswl s?~rada.d pol.cy fam, i~ • wm ~pp~oved by ~h~ MURTGAGEE. i~ s~rch company w compan~es ~s tM MORTGAGEE maY ;
d~~ecr. a~d all fi.~ u~d w~nduorm inw.ann poik:~s on s~y of sa~d b:itdu~p~, ~ny intt~ast therein or pul ~he~eol, ~n ~he a~qrcqa~e sum aforasaid or ~
i~ ~ateu the~eof, sA+li con~ain the usual s~andard more9agN cisuse a tuch Whu cleus~ ~t tM Ma~9a9es mey requue. ma?~~+p ~he ~o» ~~dw sa~d p.db ~
c~es, exh ~nd eve~y, parabte ~o seid M0~1G4GEE as ~ts i~~rerest msy ~ppeu, and e+ch and every ~uch pot~cy ahall be promp~iy +it gned a~d dslive~ed ~o
~ny held by ~~d MORIGAGEE ~i fur~he~ aewrity ~o said mortpage debt, and, ao1 bu thae len (10) days in adva~ue of ~hs eapirat~on of each policy, to dr
Lve~ to sa~d MORiGaGiE a~e~xwal ihcrtof, to~e~her wi~h a ~Ke~pt fot the p~~rtuum of ~uch ~enewal; a~~d ~here sMil be no f.ro o* w~nds*o~m iniu~anc~
pl~ced on any of iald build~~g~, ~ny ~n~erei> >here~~ or p+r~ thereot, ur+ks~ ie tM fwm ~nd wi~h ~F~ tou pavable as ~(ae~aid: and in ~M eveoi any wi++
of naney betomes pay~ble unde~ such policy a po~K~es s+~d MORiGAGEE shall Mw ~he op~:on to ~ecr+ve nntl apply ~he same on +cco~~~ of tht indsbted-
neas secured Ae~ebY or w Pe~mtt uid N10RTGAGORS ~o receiv~ u~d us~ it p•ny pu~ ~he+eof lo. osnc. purF.Otef. v.~~hout ~ha~. u~ wa.~~~~~ o~ „~~pa~.-
;ry any equ~ty, lien w rght unde~ w by vir~ue oI this m~r9+ge: ~nd i~ tM ~ve~t sa~d MORTG+RGORS shatl fa any ~eaton t~;l fo krep tM aa~d premisa w
;~au~esl, p fail 1o dei;vw promp~ly ~ny of ~aid pol~cies of i~wrar+ts lo sa~d MORiGAGFE, a fail promptly to pay fuity any prr~n~~m thercfo~ or in a~r
respecl fait b pN~wn1, d~sthe~ge, taecute, •ffect, to~+plele, tomp~y with and ab+d~ by this tove~an~, w any par~ F?zreof, sa~d MORTGAGEE may p~ac~ a~d
paY fw such insuraoc~ or any part the~eot without w~ivin~ w ~ifectinp u~y optiw~, li~n, tquity. ot nghr under•et by wnue vi ~i.i: i~w~.2+g~. a~
tull amount o( each ~nd avery such payment sh+U be inwncdi~tely dve and p+YSbh and thall beu intrrrst from the date fAert+si unul pad af rM ~ai~ ol
mne pa to~tum pe~ annum and togrthrr with suth ~nferesr shatl lse secwed by ~he lien of ~hts mor~9age.
To permir, commit ot suffer no wute, imp+i~ment w dereriwa~ion of s~id property a My part thereof.
S. To p+y ~~I a.~d si.g~lar the costs, charyes ~nd expenses, including a ~eason~bl~ attwney i iee and cos~s ot +bstracts of title, incvrred w p+id tl
~ny fime by se~d MOR1GAu:t. E,sca.,se or in tFK. erem of ~he failwe on the part o! ~ha siid 1NORiGAGOR ro duly. D~~^P~~Y and fv11y perfwm, d~uhary~,
rrzcut~, ~fieu, canpleta, canp!y w~~h and ab;de by esch +nd every tne stipvlations, agree~•ants, ca~d~t~a~s. anJ cov~~ann of sa~d p~omi~sory note a~d th~i
mo~rgape any or e.~her, and sa:d costa, charges and expertses, esth and every, shall be immed~ately dve and paYable; wherher or not ~here be w~~ce dr
mand. attempt ro:oucc~ o. su~~ prnd~ng; ~nd ~he fuii arnovnt of each and evKy wch i:aymenr shall bea. inle~efl Irom the date the.eof uniil ~aid a~ the
.,;re of n:~~e per centum ~v a~i~w:~; and all sa:d costs, thar9es and capenus ioturred or paid. logether w~~h suth ~n~ere~1. sMll be secured by the lien of thi~ y
mortyap~.
6. Th~t (a) in fhe erent of any breach of this Mortgaye o~ default on the part o( the MORTGAGOR, ~v ;b) in the evem any of safd sums of er~oney _
hcrein refe.red to be oo~ ~uanpfty a~d lvlly pald w~~h6~ th~rty (30) days next afse~ Ihe aame sevcreUy beca~x dx •nd payable, wiiFw~,t dsmand w notics,
or in ~he cvc~t each ~nd evcry the stiputai~ons, agreemenfs, cond~twns and corena~n of sa,d p+om~sso~y note and ih~s m«tgags any a e~ther are no1
ivly. prompHy and Iu11y pe~lormed. d:scharged. eaecutad. effec~ed, complered. compl~ed w~rh snd ~b.ded Sy. then in e.ther a any svch event ~h~ sa~d ~g
~.egat~ sum me~~~o~ed in sa~d p.an~ssory note ~he~ remaining unpa~d. w~th in~eres~ acuue~. and all rn~neys secu~ed hcreby. shall become dw +nd pay-
ea:e Fathw~th, a thereafre~, at the ope:on cl ss~d MORIGAGEE, as fully ~nd comple~ely ss i( aU of ~h~ sa+d s~ms o1 money were wg~n+Ily s~~putated
ro be pa~d on such day, anyM~rg ~n aa:d pran~sswy cwte w in thii AlatpaQe Io 1he ta+t~arY notw~~Mtand~ng; and ~I~ereupon o~ ~herEaite~ ~t tM op~~a+ ot
ee:d MORiGAGEE, witheW no+~ce a dema~d. suit tl law w i~ equity, Ihcrefae ot therea{tcr begun. may be prosecuted as if all ma?eys secured hereby
nad matured pwr to ~ts iru~itv~w~.
7. TF+at ~n tPe eYent ~hat at the beginn~ng of o~ st any time pend~ng any suit upon this Ma~gage, o. ro fweclose it, a to refwm it, a to e~fo~u
payr.~ent of ~ny cla+ms hae~~~der, sa~d MORTGAGEF shatl apply fo the Court having ~ur~sd.ce~on the~eot iw the appwntment of ~ Receive~, wch Coun sh~ll
fo.~hwifh sppoint a receiver of said mortgayed proorrty all and sirgutsr, inctud,ng a11 and sirgula? ~he income, p~of~ts, issues and revenues irom whatever
sour~e derived, each ~nd every ef wh~ch, it beir.g ex~reuly unders~ood, is hercby mortgaged as spec:lic+Ily xt fwth a~d dexribrd in t1e g~anring and
h,sbendvm clauses hereof, and such Recei~er shall hav~ alt the t.oad and elfeu~~e f~r,c+.ons and powe~a in anyw~se en~rusted by • Cou?t to a Receiver, and
«ch sppanrmertl shsll bc made by wcA Co~+t as an admitte~+ equity and a matter of abso~ute Nght to said MORTGAGEE, and w~thout reiHeoce fo ths
adequacy d inac+rqvacy of rhe w1~e oi tF.e ~roperryr mo.tgaged a to the w,ve~+cy or ~nsowency o( sa~d MORIGAGOR a the det~dants, ar+d that such
re~+s, prof~ts, ~ncomr, issues and revenves shslt be applied by such Receive~ +ccord~ng to the lien « equiry o( said MORTGAGEE and the p~actic~ of such
CouA.
8. To duly. p,ompt!y and fully ~fo.m, dixharge, execute, eifect, complete, canply wi~h and abide by each ar~d every the.stipulations, ayrc~menls,
conditioro and covenanrs m sa~d prom~asory note ar.d th~s mortgage set forth.
9. That in the event the ownersh;p o1 the mortgaged prem~scs, a any part thereof, beco.nes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its sv:crsso.s and ass~gns, may, wirhout notice to the MORTGAOR, deal w~~h su<h successw o~ s~ccessor in inte•est w:th re(ere~+ce to this
morr9age and rhe drb~ hcrtby secured ~n the same n.anner as with RAortgago~ without in any w~y vit~atirg or d~xharging the Mwtgagori liabitity herr
ur.der w ugon the dett hereby src~rrd. No ss~e of the premises hereby mo»gaged and no forbeara.~ce on the paA o~ ~he MORIGAGEE a its successws
or ass+gro and no exrens~on o~ the t~me ~w ~he payn+ent o[ ~he debt hercby secured given by 1he MCRTGAGE~-ec-its successors or ~u~gns, shall operate
ro release, d~xha•ge, n+od~Fy chenge w afFect the wg:nal liab:l~ty of tl+e MQA1GAfiflR herei~, either ia whole or in part.
10. It is spec:fKa~iy ag~eed tha~ time is of the cssence of tnis conuact and that no waive~ of arty ob:~gat~on hereundcr o~ ef the obliy+tion se-
cvred hereby aha~~ at any ti~*se rhrreaher be hcld to be a waiver of ~he terms hereof or of the ins~r~ment secured he•by_
1 ~n add ~:o~ r~ the fo~ego ng monih!y paym~nts af princ pal and interest requ~red by the prom~sso~y no!e uc~red hereby, moriga~or certnants
and agrecs to r.ay to mo-tgagee v~~th each month:y paq+nent an add~cional wm esnma~ed by mortgayee to be equai to l~ 12 of the annual cost of the Folbw-
~ng:
A-Af~ +eal pro~erty taxrs lev~~d o~ assessed agai•~st the above descriF.ed real es~ate.
B-Fre r:u ns on f~re and windstorrn insursr.ce as here~n requ:red to be ca+ried on the improvements situate on ~he ~bove deu~~xd premises. ~
C-Prer.:~ur~i on s:.•ch mortgage g~a+anty ir.surance as mo~tgagee shall fro•n i~rt±e to !ime deem fit to carry on the loan secured hereby_
Morfgagee s^.a'. E•om i.~ne ro t~me ~otif~ mortgagor in writ~ng of fhe a~rount due and payable hereundrr and such w~n shait thereupon be due a~d
~a~aWe on thr a:~e aafe of rhe next month'.y payment and rach successive month thereafter ur.til mortgagee shall ~ot~fy mortgagw of a change in such
a~:ount_ Such wms sha.~ i;e ap~!~zd by mortgagee toward the payment of reat property taxrs, insurance p~em:ums, a~~d mwtgage guaranty inwr~ncs
e*emiums_ -
IN Y~ITNE~S 't:HiD"cOF. ihe sa~d MORTGAGOR has nereunto set his hand and seal the day ycar fi~st aforesaid.
Sgned, Seated and del~ver in the p~esence of: f ILEO ~N}J RECORDEO. ~~C~~~ - rs..9
~ ST IUC~E COUMTY FU. -
ROG~R F01tRA5 - - - ~q
. CIER~I CIr~U11 COURT L ~ ~
RECORO VE~iF~E~~ `
cs~.n
/ sT e oF ~oaion ~O 12 ~S `
r ST . LUC I E
ou~+n of 2~.1Ji~ :
~f«~ ~ ~~+ir a a~~ Calvin Nelson - ~
~hel ~elson - ~
his wiie, to me well krwwn ~nd laawe b aK /o M
the ind~ridw:s desu~bed in and who executed the toregoiny instrument, and ~cknowledped before me tMat they e~cecuted ~Fa s+~fM~(q? tht•pVrppM
Ethel ~elson ' ' - 1' i
therei~ expre6ted. Arw1 tFro said s• ~ p
M+:fe of the said CalVlll ~telson ~ ~P«?' ,q~rate ~nd pfiwl~ ~
-¦am~nat~on by me taken separate and ~part from her said husband, adc~owledyed to •nd befo?e me that she eaecuted said iro 1
7
1 J
n e n
t;~.f~ely and:voi~r~
~an~y and w~thout any comw,ision. constra:nt, spprehe s; ha fear of or fr~m her said husband. a
WITNE55 my hend and official seal t~us day of une ~ + 1 p,~~~
• \ _ ,G. ~ . ~v
i• ~ ~
~
Notary ublic in and ( tFfe ~6ta1e of bridi ~ ~ y~_
My Comm~ssan e:Pi:res: . "1`'_f~,-1~~~\`
Re+urn Ta '107ARY Pl}$L!C ST.',TE OF FLdRIDA A1 LARGE
First feders! Sav[ngs 3 toan Assoc~at~on MY CQ'AMl`_~~I~JN E%Yi~:ES MAR. z 1975
of ~or? v e:ce GENER/lL I~~SURANC€ i.iN^E(tWR~jE(tS, ~NC.
Fpt P~erte, Flp~de
/ .
lj
John . Coll ins ~ ~
This Instrument Prepared By -
First Federal Savings d~ loan Association '
;
of Fo?t Pierce ~ FZotida !
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Checked By OOK 1 V3 ~744 _
t ~ r
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