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Home My WebLink About0471 t ~ ~f . ~ . ~ ~ 3. To plac~ •nd tw+tinuously keep on tM bui:dinq~ now or he~eafre~ ~iluate on said land and on al+ equ~pmem and pe~wna!!y covered by thls mo~fg- ~g~, wilh al) premivms thereon pa~d in iull, fire insurants in the wual standard policy fomi, in a sum aNproveJ by thz MOR~GAGEE, and windsto~m insuranc~ in the usval i?andard pol~cy (am, in • sum approved by the MORiGAGEE, in such company o~ co~npaniee as the MORTGAGEE ma•/ direttt +nd all fin and windslorm insu?ance po~itief on aoy of ~sid build~ngs, any interest thcre;n or part thrrraf, in the aggr:•ga~e sum •fae!a~d or in ~aceu the~eof, shatl cont~in tlu u~wl sta++dard ma~gagee clsuse a such oihe~ deuie as the Mortgayee may requ~ro. rnckiiiy the ~ose undr~ ~.+~d poli. cies, each and every, payablt 1o said AtORTGAGEE as itf inlere~t may appear, and each and every such poi~cy ~t~al~ be promptly ass g~~ed a~~d de:ive~eJ ~o my heid by uid MORTGAGEE fur~her ieturity to iaid mwtgage debt, and, no1 less ~han ten (10) d~ys in advance o( the expuat~o~ of each poi~cy, to de- liver to uid MORTGAGEE a renewal Ihe~eoi, together with s rcceipl for the premium ol s~ch renewa!; and thrre s~~a11 be ~ f~re or w;~~dnto~m ins~ra~~ie i plKed on ~ny of said buildinys, any inte~etl therein or part thercof, unless in the fonn and with the loss peyable aa alcreaeid; and in the rvent any sum ~ of money beca++ei payabte under such policy w po~icies said MORTGAGEE shall have tha opt~on to receive and app:y the sarr.e on auount oi the indrbtcd• 4 nes~ secured Mreby w ro permil sa~d MORTGACsORS to reteive and ux it or any ~,art the~vol ~or orh.:r pur; .;~e•s, v.ni~,,:t ~hr~ ~v~i.~ ,~,r~~~- in{1 any equity, lien o~ righl unde~ w by virtus of this mo:tyage; snd in the event sa~d MORTVAGORS shall (or any ~cason fai! to kcrp ~he sa:d prein~ses so in3u?ed, Of ~~i~ 10 1~llivll p~Ompt~y any O} t~id pOIiC~Cf O~ inSWanC! t0 fdid MORiGAGEE, o~ ~~i! promptly 10 p!V f~i:y dny pre~~~~vrn Iherefor Gr ~n any respett fail to p~r(orm, discharqe, exetuts, efiect, complete, comply with and ~bide by th~s cove~~am, or any pa~t h~vraf, sa~d MvRiGAGEE ~nay puce a~~d pay fd suth iniurants o~ any patt th~reof without waiving or affecting any optfon, lien, equ~~y, or ~~gh? under or by virtue of rhis Mortgaga, and the full amount oi exh and every suth payment shall be immed~ately due and payable and shall baar intc~rs~ irom ~he date thercoi un~il p..~d at the ra~e ol n~ne per centum per annum and to~cther with such intere~t shali be srcured by the lien of this mortgega. 1. To permit, commit or iuffer no wasfe, impairmenf or deteriwation of aa~d property or any part thereof. S. To pay all ~nd sinpular Ihe costs, charges and expenus, indud~ng a reasonable atrorney's tee and cos~s of at,stracts o( tiNe, incwred or pa~d a~ eny time by said MORiGAGfE, because w in the evem o1 the failure on tne part of the sa~d MQRTGAGUR to duiy, piompr{y ar~d fully prrfor~n, d+s~harge_ eaecute, eNect, complet~, comply with and ab:de by each and every the stipulahons. ag~e~:»ents, conditons, arx! cove~,anrs of sv~~i pro~,~~ssory nore ~+:d f~~s mortgaye any or ei~her, u+d sa~d cosri, thargea and e~cpenaes, each and every, sha~l be immed~ate!y due and pay.~E~!e; wh_~eher or not th..•re be ~o+;ce d- mand, attempt to eol{Kt w suit pe~xling; sr~d the ful) amouM of each and every such paymrnt shalt 6Pa. interes! from tlw date th~reof umii F.a~d •t ~he te of nine oe~ cenrum per amium; and all aaid costs, charges and exprnses incurred or peld, toye~her wnh s~ch mcer~•st, ahe? be sec~ red by the i,er~ 01 th~i mortpaga 6. That (a) in 1he evsnt of aoy brrach of this Nlortgage or default on the part o! ~he MORTGAGCR, or ;b) in the eve.~f any o' sa:d 3~~nt ot monry herein refe~red to be not promptly and futly paid within thnty (30) days next atrer ~he sa~~,e severa:ty tecon~e due and payabte, wit4,~~t demand or ~ence, or (d in the eveN each and ev~y the stiputations, sgreements, cond~fia,s and covenan~s ot sa.d p~o~n:swry ~~o!o a~.d ~h,s mor~yaye a~iy or e~t~:er are ~a ~uly, promptly and lully pe~fwmed, d:uhargtd, executcd, effetted, toinpleted, compi~td with a~id ab~ded 5y. ttw:n ~n e~ther ur s~iy such event the sa~d ag- gregate sum memioned in said promissay note then re~nainirx~ unpa~d, with mtr~e;t acuued, and a+~ monrys secured her~~t•y. shelf o~caine d~e and pay- eb~e forthwith, or Ihereafter, at the option of said MORTGAGEE, as Ivlly and comple~ely as H a!I of t~~r s~~d su~ns of n:or.ry were or,g~na~ly sr~p~;ated ro be pa~d on such day, anything in sa;d prom~ssory note or in thls A~ortgage to the conna~y no~,~v~~hara~:d~~,g; .,nd ~herc~~.in or ~~~cresfier a~ the opr~on of said MORiGAGEE, without notice o~ demand, sult at law w in equlty, theretore or therrafter begvn, may be proarcuted at rf ai! mo~eya sec~red hereby had maWred pnor to ns ins~itutwn. 7. Thst in the evcnt thaf at the bcgion~ng of or ~t any time pe+iding any suit vpon this Mo.t~a9e, or to (o~rdose i7, or to rc(orm ir, or to cnio~ce payment of any claims he~evnder, seid MORTGAGEE shall apply to the Court havinq ~ur.sd~c~lun thcrco! for thr c{~NC:ntment of a Rece~ve~, auch Cour~ srail lorthw~th appO~nt a recerver of sa~d mo~tgaged property aii and singuiar, mc;uci.ng au and su.g~tar tre ~nca~~,e, p~ahu us~ as ard rrvrn~ea from whate~e~ so~rce de~ived, each and every of which, it being expressly undersrood, is hereby morrgaged as ~i spec.f~~ai;y set to~th e~d cescnbed in tF~e gram~ng a~:d ha5endum da~se~ hereof, and such Receiver sMll have all the broad and effec~ive (unc~,cns ~nr1 pv-:.cry in anyw;se en~r;,st~d by a Co~~~ to a Rrc._ive~, a•:d :~cA appointment fhsll be mede by such Court ~s an admitfed equity and a malter of absolute r~ght to said M.ORSGAriEE, ar.d w~nc~u~ refer~ nce ro t~+e edequacy or inadcqwty of the wlut o~ the property mprtgaged or to the so~vency or ~nso~,rency of said MOR(GAGUR or il~e d~t~~~dants, a~id that s~ah rems, profits, income, issues and ~evenues shall be apptied by such Rece~ver accord~ng to the lien w equ~ty of sa:d MORTGAGEE and the pracnce of such CouA. 8. To duly, promptly and fully p~rfwm, discharge, execute, effect, complete, comply w~~h and abide by eacA and every the stipu!ations, ag~eerr~enta, conditions and covena~ts ~n sa~d promisswy note and this mortgage set for~h. ' 9. That in ths event the ownership of the mortgaged prem~xs, or any part thereof, becomes vestcd in a person other than the MORTGAGOR, th~ M:QRTGAGfE, its ~uccessors and ~ssigns, may, wiihout norice to the MORTGAOR, deal with such successw w successor in ~nte~rst w~th reference to th~s mo~tg~ye snd the debt hereby seturtd in the fame manoer as with hbrtgagor without in any way virating or discharging thc Mortgagora" tiabii;ty here- under a upon the debt hereby ~ecured. No sale of the Frem~ses he~eby mo~tgaged er.d no forbeara~ce on the part of the MORiGAGEE w its successurs or ass~g~s and no eXtension of the time• for_ LF~ payment of the deba hereby sec~red g~ven by tbe MORTGAGEE or its ~~ccessors or ass~~ns, sliatl operate ro rolease, d~xharQe, modify change or affect the orFg~nal Iiab~Gty of ~be MORTGAGOR herein, either in vvhoie or i~ part. 10. h is speufically agreed that time is of the easence of this contract and that no wa;ver of any obl~gat~on hereunde~ or of the obl;gation se- cvred hereby shall at any fime tFxreafter be held to be a waiver of the terms hereof or of the insrr~ment secured herby. I 1. In add~uo~ to the forego ~g month!y paym~ms of prir.c'pal and interest ~equired by the prom:sscry nor~: n_::.red F-•eb f, motlyagor covenan~s and agrees to pay to r~wrtgagee wiih each monthfy payr:~ent an add.~~onal sum est n,at;~d by nwrtgagrr to be cq~~ai ~o i 12 of ~:~e ;n::ual cost of The fo~~ow- ing: A-A!I ~eal property qx.s levied or assessed agaiost thc above descr'~bed real estate. B--Fre~,~ums on fire and windstorm insurarce as herein requ~red to be carried on the ;mprovements s+tuate on sfie above d^.scnbed prem~ses. C-Pre+niums on such mortgage guaranry ir.surante as mortgagee shalf from t~me to nme deem fit to tarry on the ban sec~~ed herrby. Mortgagee shafl !rom hme ro time notify mortgagor in writ~ng of the a~rowt due and payable hereundar aad su< . s~:r: shail th~rcupon be d~e ind F a.abte on the aue date oi the ~ext monthi~ payment and each successive mo•~th thereaiier ucti~ mortgaaee sha?! not;fy monyagor of a change ~n such a-•,oeint. S~ch s~~ns sha:l be app!ied by mortgagee toward ~he payment of real prope-ty taxes, ins ance prem:vmz, and mertgage guaronty ~n:urence r•emiums. ~ IN VltTNE55 Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ~ai first rtoresa~d..~ ned. Sealed and iver io the p?esence of: ~ . - aI) E ~ ~ •l.t ~f~ _jSeai) ~ - (Seal) I _(Seal) ~ 5?ATE OF FtORIDA u. t ~ouNn oF St. Lucie ~ ~ Befwe me ptrsonally appeared - WdYIeT1 M. I,OildOI1 _ and ~ ~ N1ary B. London his w~~e, to me well known and known ~o me to be ~ rne irtdividuals dewibed in and who executed the foregoing instrument, and acknow~edged before me that they executed the same for the purposes ~ Mar B Lond on r rherein expressed. And tFN ~sid y • ~ ~ k'arzen M. London ' . .'f;` ~v~fe of tIx taid _,.._~~:upOn:a,.ieqi~~fe and privste - ~ examinst~on by me taken separate and apart from her said husband, atknowledged to and before me that she exeNted s~jd~Mt~irre{~~;ft6ely ~and rotuo- ~ rardy aod without any compulsion, constraint, apprehens~on, or fear of or from her said husband. ~ WITNESS my hand •nd offiual seal this "4--h- _ day of_ u S t _ •_'~.~',.,,_Jk D. 19 71 ' ~ r " ,:r_S. _ I ~ ' ` ~ 7 i. i" ~ Notary P~blic snd for tNe Si~M f •}f L~ge ; My Comm~ssian sapires:.~, ' f . ~ = Return To: ~ _~f ~j~ it ~itQ! ~ First Federsl Savi s a loao Assodation ~~'sr`~~ ~ oE co f P~erce. AM~ REC ROEOMr ~~~~P~a 25• 1971 f fLEO ~C FIA. w~a.~ w.»k.,, ~K. a c~„~.~r c~. ~ Fort Pierce. F:o~ida g~, LUC~E4CP~~TRAS c. J ~ ~ ROCE t _ . ~ S , ~ ~ RECORD YEA~F EO COURt ~ / y ~ ~ This Instrument Prepared By J~hn :V. Collins g~a ~~t ~ i ~ First Federal Savings & Loan Association ~ of Fort Piercq F loz i da ~ ~ , Checked By /~a7a~ ~ ~~95 ~ 4~'1 ~ F><, ~ _ - ~r.