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9. To plett •nd conti~putly ke~p on tM buildinpi now or hereai?er filvaf~ on seid Isnd and on ell equip~nent and pe~~ona~~y covered by Ihit mwtg~
~y~, wilh ~11 p~amivm~ the~eo~ pa~d in full, fire inaur~nc~ in the ve~al srandard polity farm, i~ • ium aHproved by tlie MOR;GAGEE, end w~nditorm
iniw~nce in ~M usual ~undard pof~cy form, in ~~um ~pproved by the MORTGAGEE, i~ ~uch cai~pa~y o~ compan~es as ~he MORiGAGEE may
di?tttj aed aU }ir~ ~~d windswrm inwr~nte poliues on ~ny o( •aid build~npi, any inle~esl Ihercin or parl thereof, io ~M aggregata wm slo+sseid o~
~n ~:ceu ther~o}, ah~ll ca+fain ~M uswl pandard matflag~e dause w tuch othe~ daw~ as the Matyageo may requ~ro, mek~rq tlw loss under se~d poli-
c+at, each and twry, p~yable M said Mt7RiGAGEE its i~+te~ezl may ~ppesr, and each and every svch pot~cy s~all be promptty ais y~ed and delivered ~o
~ny held by sud MORTGAGEE (urther secority ~o said mw~yage debt, a~ul, not less lhrn tcn (10) d~yi in ad~a~ue o( the exp~r~t~an ot eech poGcy, to da
IivN fo qid MORTGAGEE a renewal tMrwi, fo9etMs with • receipt for the prem~um of such rorxwal; m~d thrro shall Ge no 1~ro o~ winde~onn iniura~ce
P~aad on sny of said b~ildinyi, ~ny in?ereal ~h~rei~ a put therco(, unfess in ths fo?m arx! w~~h the los~ payable as atoresaid; and in the event any tum
of mon~y b~com~~ pa~~bl~ urider iuch policy w policies said MOR~GAGEf ~hall have the opYon ~o rccnive e~+d appty the sa~ne on eccou~,r o( the indabted- ~
~su tecuaad ?wteby o~ ?o pMmi1 said MORTGAGORS to rKeive ~nd use h a any p~~t ~henrof fw o~i~cr pu~~~oscs, v.~tn'vut th,~.u~ ..a~~~~~~ or ~~n~~r- . :
inp +~y puity, lit~? q ri9ht uoder p by virlve o1 this nwr!pape; ~nd in ths event sa~d MORTGAGORS thall fa ~ny reation fail to kcep the sald premises w ~
infured, q fail W deliv~r prampNy ~~y of said poi~cies of irtw~ance to iaid MORiGAGFE, a IaH promprly to pay fuliy any pre~~:~.~~n the~efw or in a~y 1
re~pect faif tp pKfo~en, dl~chuge, •:ecute, •HKt, complete, comply wi~h •nd ~b~de by th~s covenant, or any part hereoi, said MURiGAGEE may pl~cs a~d
pay fw tuth insuruK~ w any part ~Mr~of without waivir+9 or ~f(edin~ any opf~on, tien, equi~y, or right unde. or by vir~ue of rhi~ Mo,rgage, and the !
tuH ~nwunl ol tath and ~wry t~rch p~yrrKnl shall be immtKliately due and payable and shell bear interest from tha date thcreof un~N paid at the rat~ ol ;
~in0 pN CMfum p~r anoum and togefher with such inte~rft ~haU be secured by tM lieo o} th~s malgage.
To pKmit, commit or suifK ~o w+~te, impairmsnt w deteriwstion o( sa~d proper~y or any parl thereo~.
S. To pay ~11 and tinpu!u ths coats, tl+a~~es ~~d e¦penses, irxludinp ~ re~sonable atto.~er'i (ee and cos~t ol abirracr: of tltle, ;ncurred or pnld at
e~Y bY s+~d N10RTGAGEE, because a i~ the eve~t of the f~~lu~e on the part of the sa~d MORTGAGpR to duly, pramNtly and (ulfy pe~lorm, d~scharge.
execute, eiFect, complet~, comply w~th ~~d ~b:d~ by each and every ~he flipu~ai~ons, agre~m~~t~, condnions, and tove~~anrs of ~aid pra.ussory rwte and thcs
mwtyp~ ~ny or tirher. and ~a~d coats. charQe~ ~nd eapenses, exh snd every, ihalt be immed~e~ely due and payeble: whether a n~f there be +wnce dc
mand, attempt fo toll~cf o~ suit pe~xl~ng; ~nd thf (vll amount of each and eve~y suth payment shall bear interr~~ irom the date ~htreol u~til p~id al the
~ate of nirN pe~ centum per annum; and di said costb cher9es and eapr~~ses ~ncvrred o~ paid, lO9NtI121 wah fuch inte~esb ihell be sec~red by the i~en o1 this
mortpa~.
b. Thaf (a) in the ~vent of any ~~each o( this 1Nortgage or deFautt o~ ~he pa.t of the MORiGAGOR, or (b) ~n the evenl any of sa~d sum~ of mo~ey
herein refared to be no1 prompdy snd lully paid within th~rty (30) daya next af~cr the same sc~e+a'?y becorne d~e and payaLle, widwut demand or notice,
or (c) in 1M evsnl e~ch ~nd ev~~y tM sKpulahona, ~greemeMt, conditlons and covenants o1 aa.d prorn~sso~y note and ~h~s morigage any or enher aie no1
iu!y, promptly •nd lully pe.formad, d~scMryed, e~ecuted, elfeded, compteted, compl~ed w~th and ab~ded 5y, then in e~~her or a~y such eveM tha ~a~t~ ag
gre9ate sum men~ip~ed in said promissory oore fhen remsining unpa~d, with iniprest accrued, end aH ~noneys secured he~rby, sha~l become d~e •nd pay-
~ble fo~thwith, p 1FKreaiter, ~t Ihe opt~pn of said MORTGAGEE. ~s fully and completel~ as i{ al~ ot ~hr sa~d su~ns of money were w~ginatly shpulatcd
to be pa~d on auth day, ~nythirq in sid prom~ssory ooM or in ~his Mortgage ro rhe conrrary nofwithitandi~~g; and ~h~.eupon a ~he.ealte? a~ ?he opf~on ol
seid MORiGAGEE, without notita w demand, suit at law w in equity, therefore a the~eaiter begu~, may be prosecuted as it ell moneys iecured hereby
~ad matu~ed pr~w lo ~ri i~utitution.
7. TMt in Ihe evatint that af the begin~ing of pr at any lime pendiny any su~t upon this Morfgage, or to forec~ose it. o~ to relorm it, or to enfores }
Payment of ~ny tl~ims hereu~r, said MpRTGAGEE shall apply to the Court haviRg jur~sd~a~oo thc~cof lu~ the appo,ntrneM of a Reccivcr, svch Court shall ;
iorthwith appoint • receiver of said mwtgagcd property ell and sirgu!er, incl~d,ng aU and unguiar tt,Q ~n~ome, proins, issues artd reve~~ves from whetever
wu:ce derived, exh ~~d every of wh~ch, it bein~ expressly unde~stood, is hereby mongaged ss i1 spec;ficalty set fath and, deuribed in 1he graminy and ~
habendum clavses hereof, ~nd such Receiver sMtl have atl +he b.oad and effece~ve fu~u.ons and powers in anyw~se entrusted~by a Court to a Rec~iver, a:,d
s~ch appointrn~nt sMl~ be mad~ by such ~ourt as an admitted equity and s matter oi absolute nght ~o said MORTGAGE~, and wirhout re(erence to the '
adequscy w inadequacy of the wlve of the property mortgaged or to ~he 10iYCnCy or msc~YCncy oi sa~d MORTGAGOR w thc deierxlants, and ~hat such i
renea, profits, income, iuues and revenues shaU be applied by such Receiver accordu~g to the Gen w equiry of aa~d MORTGAGEE and the proct~ce of such
Court.
8_ lo dufy, prompfly snd fully pe~form, discharge, execute, effect, complete, comply wi~h ~nd sbide by each and every the stipulationi, agreements, 1~
canditans and covenants in ss~d promissory nore snd th~s mwtgage set (wth. j
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes irestcd in ~,perton othb? tFun ih~ MORTGAGpR, tM
NIORTGAGFE, iri succeuors and tss~gns, m~y, w;rhouf nof,ce to fhe MORTGAOR, deel w~fh such successoT"w s~ccessor in interest witF~ reference to Ihis
r.+ortgaye ~nd fhe debt hereby secured in the same manner as wi~h Nb~tgagor w~~hout en eny way vit:ati~g w d,scharging the lYbrtgagors' Iiab~lity herr
under w vpon the deb~ hereby secured. No safe oi ~he premixs hereby mortgaged and no forbearence on the part oi the MORiGAGEE or its sutcessoas '
a. •ssigns and no extens~on of the time fa fhe payrtunt ol the debt hereby secured given by the MORIGAGE'_ or irs successon w assigns, ?hatl operat~ t
~o release, d~scharyt, moclify cMnge w af}ect the orig~nal liabddy of the MORTGAGOR herein, either in wfiofe or in part.
10. It is spcc~fically agrecd that time ia of the csunce of this comract and fhat no waiver o( any obt;gatfoa hereunder w of rhe obligetan se- i
cured hsreby sh~11 any time thereafter be held to be a waiver of the terma hereof or of thc inatwmem secureci he~by. !
11. In addaion to the fwego:ng monthly paymems of p~inc'pal and interest requ~red by the prom ssory no!e sccu.rd hereby, Tortgagar covenants
and agr~s to pay to ma:tgagee v~~th each month(y pay.~,ent a~ add~nonal sum est~maied by mortgagee to be eq~al to I, 12 of ~he annuaf ~ost of the folbw-
,n~_ ~
A-AIt real property taaes lev+ed or assessed a9ai~st thc abave descr~bed real es~ate. `
B-Vrem~ums on fne and windstorm insuracce as here~n requ:red to be carr~ed on the ~mprovements s~tuate on the above descr~bed premises.
C-Premwms on such mortgage guaranty insursr,~e as mortgagee shall from t me to time deem fit to carry on the foan secured hereby.
Mortgagee s~ail from ~,me to nme norify morrgagor ~n wriGng ot the amount d~e and payable her~ndor and such suT sh.atl thrreupon be due a~d s
~ ayable on the due date of the next monthly payment and exh successive month thereafter ~r.ti1 mortgagee shall not~fy mortgagor ot a charw3e in ~uch j
a~^•oum. $uch sums shasi be appGed by mongagee towa.d the payme~t of real p~operty taaes, dnsurance prem,umy, and mortgage guaranty iasunnce ~
p'emiumt.`-- .
N WITNE55 wHEREOF, the sa~d MORTGAGOR has hereumo set his hand and seaL tF+e day and ye ? first sfwesaid. ~
' oed~ Seakd and elivered in the presence of: `
fIlEO AHO RECQttQ~~ ,
- :T.lUC1E COUNIY F ~ ~p
ROCE+~ P01TpAi ~ Haz_ J. arri s cs~,q
RECOR~ VEFRF EO COU111 _ ~
-,-_:s.~n i
~ r
31 3 ~2 PM'11
SiATE Of FLORIDA 21431'~
5t . Luci e u~
couNnr oF
~+o,c P...o~.ny.~,.ed Hazel J. Narzis. a widow
~
-.J~f{~~G to me well known and known to me to b~
rne ind~vidwls descr+bed in :nd who t:ecuted rhe fucgarp insvument, and xknowtedped be{ora me tMt they execu?ed tF~e same (w the pvrposes
nc~.ein exFresse~. JAO~~1C~d~ " .
x~bd~tx~ot - ~i
'!~lc9l~~i¢ ~u~st~f~c~t~~e~e~~~~,p~~c+~t
~~'~c~ ~che~ aec~~~cxx~ch~c ~ ,
WlTNf55 my h~nd ~nd oflicut s~~l thi~ dey o( - A. 0. 19_~,_
- • • , w~ r , . .
Notary Public in ~nd (pr t~ E }~~f f~rl~~. ~t, lary~
My Comm~s~ion •xplr~~: i ~ ~
t
Rerwn To: ~
. C~
first Ftder~l Savinfl~ i lo~n Asaociat~on ~r C~~~'~~~Z,~
O~ iu~t P.e~ce .
~ a c~«~.*~
~ort D~er[e. Hor~d• 1, i~~~~y'•P, ,
~ , ~ ~y\,
s ~ .
~
This instrument Prepared By John W. Collins
F~rst Fede~ai Savings & toan Association
of Fort Pierce~ Flozida
c'~~
Checked By - - OOQK ~VJ ~ / ~8
! 1 .
~i /
~
~ow~ - 5 `
' ~ *'.i'z.
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