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J. To pl~c~ and conruuwously keep o~ tM build~nys now a h~re~lt~r ~ituet~ on seid land and on all equipmenl and pe~sOnally covercd by thit mo~19-
p~, with alt prtmivmf lhercon paid in 1u11, (ire intw~nt~ in the uau~l ~tanderd po;rcy lorm, in a sum ap~xoved by 1he MORiGAGEE, and windstwm
insunnc~ in tM u~wl iand..d pol~cy fam, In a ium ap~uved by fh~ MORIGAGEf, in such comp~~y o~ compaoief ~s Ih~ 6~ORIGAGEE mar
dinclJ and all (1~~ ~r+d wlndsw+m insur~nc~ pptiae~ on ~ny oi sa~d bc~itd,nqi. ~ny intere~t Ihcrain ot pa~t thcrpof, in the sqpreflate tum ~tor~s~id a ~
in ~xcea IiKrwf, ~MII cont~in IM uf~al standard matyapN ciaust w such other c+evse as tM Mwtyayee msy requ~r~, maA;np ~he toss under •a~d po14
c~es, tacb and ev~ay, p~yab~e w uid MORTGAGEE as ~~s imere~t may ~pp~~?, ~nd each and we~y ~uch policy ~hall be prompdy au qnrd and d~livered to
•ny htld by s~id MORiGAGEE ai tunF,N secvr~ry ~o said ma~yaq~ deb~, and, no~ less ~han ten (101 d~yt in advanca oi the expi~at~on of e~ch poticy, to dr
I~v~r to ~id MORTGAGEE • rtnewal IhereO~, to9erhM wi~h • rece~pt fw ~Ae premivm oi iuch renewal; and ther? shall be no f~re or wi~~d~~oi~n inauranc~
p~~c~d oa any ol iaid b~iW~ng~, any tm~~~st th~re~o or p~rt thereo(, u~less in iM form ~od w+~h tM los~ payable as •for~said; and in tl+e e~ent any sum '
of nwn~y b~ccmes p~yabl~ vewfa such policy o~ poiicf~s said MORTGAGEE ih~l~ hav~ rh~ opra~ ro.ece~ve and appty ~he same on accoun~ of the indeb~ed~ i
ness secw~d Mreby a a p~rmit u~d MORTG/1GOR5 to ncc+v ~nd ua it o~ •ny pa~t ihe~cof lo. o:~w. ~:urE~scs. .•.~~ho~~ ~h;,. o~ wa~~~~~~ or ~~~~pa;~-
~~y any pvity, tiM or ri9ht unds~ ot by virtw of this mo:tqaye; a~d in IM tvent sa~d MORTGAGORS shatf fw any raasw+ fait fo keep rh~ iaid premitct w ;
insured, w/~N to d~tiver promptly any of aiid polKiss ol ini~+ance to f~id MORTGAGEE, o~ lait prompNy 1o pay (ul:y a~y pre~~uum thcreiw or in any
re~pect tail W pN(wm, dixharqs, tx~c~t~, ~f4~ct, comptete, comply with and abKM by thi~ covenant, o~ •ny par? hereol, ~a~d MORTGAGEE may pl~ce •nd i
psY for such ir~suranc~ a any pah tM.wf wHhout waivinq o~ •ff~crinp ~ny opt+on. lien, equ;ty, w r~aht unde. a by virtw of ~h~s Matyape. ~nd the i
tull amovnt of tach and ~vKy iuch paymenl sh~ll be immedi~tely due a~?d p~yabl~ ~nd ~hall bru interest f~om the dafe theraol v~~~il p~~d ~M raN ol 4
n~ne pe~ centum pK'~nnum and to,~ethe~ wilh tuch interesr sMU tx secured 6y tM li~n of Ihit mortqage.
1. To pKmit, commit o~ suff~r no wasM, impai~ment or deteriaation of taid prope~ty w arty pert ti+ciawi. [
S. To pay ~tl ~nd sinpular tM coats, cMryes u+d sxpe~se~, includinp a re~sorwbls ~traney i fee and coeri o1 sbstiecr~ of tifie, incurred o~ paid ~t ~
eny time by said AAORiGAGEE, b~cause w i~ tM ew~t of'1Fy fai{ure on the patt of Ihe s~id A10RTGAGOR to duiy, pranptty snd fuily perform, d~uhary~,
execv~e, effea, compleu, comply w~th ~nd ab:d~ by e~ch aod eve~y ~F+e s~ipulanons, ag~ec~nents, conditiona, a~d covenanrs of ~sid p+omisso?y note and ~hu
+nor~QaQe ~ny q ai~h~r, ~nd sa~d tost~, clury~s and ~apenses, each ~nd eve.y, shatl be imw+rdietely due and payeble; whether or not thero be notice da
m~nd, ~ttempt fo collect p~ ~uit p~~d~n9; and tFK full ~mount of each and every suth paymeM s6all bear iroerest (~om fhe daq the~epf until paid H the '
rafe o~ ~ine per c~nt~m per ~nnua~; and il! said coata, cAar~es and e;penses incurred w paid, ~ogetl~er w~th a~,ch inu~eit. ~hall be secwed by ihe lie~ ol ~h~i ~
mo~tpp~.
6. Th~t (a) ie tMa ~vent of ~ny b~exh of Ihis Mortys~~ ot detaull on Ihe parl of ~he MORTGAGOR, w(b) ~n the eve~t •ny oi ~a+d tumi of mw~ey
hcreio r~ferred to b~ no1 promptty ~nd iylly paid within fh~rfy (30J days next afrer ~he same ievera:ly bccu~~e d~e and payable, withou~ demand or aolice.
or (c) ie the evtrN each and wery ~F+s stipulations, agreements, cond~~iau and covenants of sa,d p~omiswry note a~~d ~h~s mo~tgeye a~y or e~ther are nd
~uly. promp~iy ~nd fully ptrfo~m~d. d~scharged. executed, etfectrd. comp:eted. compLed wi~h and •b~ded 'ay, then in either w•ny avch evem tM u+d ag
greqal~ aum mentiwKd in said prom;ssay note then remainiry unpa~d, with interes~ ecccued, and all moneyi sccured hereby, shatl becwne due and psy-
able forthwith, o? thereetta, at tha option of said MORiGAGEE, as fvlly and comFieoely •s ii all of tl~ sa~d sums of money wcre a~g~natly •~~pu:ated
fo be pa~d on soch day, anything io se:d prom~ssory rwte or in this Mortqage ro the conaary no~wiihstandiny; and ~hcreupon or thrreafte~ ~t the op~+on of
sa~d MOttTGAGEE, without nofKa a demand, svit ~t law w in equity, there(ore os thereal~er begun, may be prosccuted as if •!1 moneyi secu~ed haeby
had ma~ured prror to ~b i~slitWw~. _
7. ihat in ths evee?t that at fhe beginning of or ~t any time pe~ding any svit upon thi~ lVtortgrqe, or to fo•ectoae it, or to reform it, or fo en(ores
payment of any claims he~eunde~, said MORTGAGEE sMll apply to the Cour~ having ~urfsd~a~o~ ~hereof 1or the appo~mment oi • Rece~ver, such Cov+t aha{~
lorthwith ~ppoint a rece~ve~ of said mort9~gBd property ali ~nd aingu~a?, includ~rg ail and aingulsr tha in~ome, proflts, issues and reven~es f~om whatever
sowce de+ived. e~ch and every of wF~~ch, if being expreasly undersrood. is hereby mo~tgaged as if spec~i~cally se1 fwrh •nd dacribed in the grane~~ and
hebendum cl+vses hereof, ~nd svch Receiver shall Mve ~II the b~oad end effea~ve funce.ons and powen in anywese b~trusted b~ a Cour1 to a Recriver, and
s..;h appointmenf shati be made by such Cowt as an admitted equity and a mattcr of absol~fe r~gh~ fo ssjd MORTGAGEE, and withoW reference ~o ths
adequaq p ioadeqvacy of tM wlus o( thr properry mortgaged or to the soive.xy or ;nsoivency o( said I~AORTGApOR or the defendants, and that svch
renrs, profiri, income, iss~es and revenues shatl be applied by such Receiver acco~d~ng ~o the fien ot puity p( ydid MORTGAGEf end the pracrice of such
CouA. ~
8. To duly, promptly and fully p~rfwm, d~scharge, execute, eHect, compfete, co+npty with and abide by Nch and every the stipulations, sgreements,
conditio~ and covenants in sa~d promiasory note end th~s mwtgage se~ fwth.
9. That in the eveM the own~vship of the mortgaged prcmius, w any part thereot, brcomei vested in e penon other tha~ tbe MORiGAGOR, tM
MORTGAGEE, iri s:xcessors at+d aui9ns, may, withou~ notice to the MORTGAOR, deat w~th :uch successo? w successw in interest w;th referer.ce to this
morty~ge ~nd the dcbt hereby secured in the same manner aa w~th Mortgago~ without in any way vit;ating or d~xharg~ng 1he Mortqagors' fiabiGty here-
under or upw~ tFre debr he~eby secwed_ No wle o/ rhe pem;ses hereby mortgaged and no forbeara~ce on ~he parl of ~he ~ApRIGAGEE w its succeswn
w sasigns and no extension of the time for the ptyment of the debt hereby secured given by the MORTGAGEf w its successas or aas~gns, s~ull ope~ate ~
ro release, d~xMr9e, nwdify change o? affect the wg~nal liab~f~ty of the MORiGAGOR herein, either i~ ~nhote a in pa~t_ .
10. it is tpecilicatly agretd that time is o/ the esse~ce of this contract and fhat no waiver of +ny obf~gat,on hereunder or of the oblepetion ~e-
c~red hereby shali at any time thereaf~er be hetd to be a MraiYe~ of the terms hercwf w of tFee instrument secu.ed he~by.
11- In addA~o~ to tl+e forego:og nwrohly paymenrs of princ pal and inte~est reqv~red by the prom~ss.~ry no~e sec~red hereby, mortgagor covenants
erd agrees to pay ro mortgagee with each monthty paymem an add~r~onat sum esnmated by mwtgagre ~o be eq~al to 1~~12 of the annual tost of the lollow-
~ny:
A-All rea~ property taxes lev~ed or assessed aga~ost the above desc.ibed real estate.
B-Prerr,:u-as or f~re and windstorm insurar.ce as here~n requ:red to be carrlyd o~ the ;mprovements rtvate o~ the above desvibed prem7ses.
C-Premiums on such mortgjge gwranty ir.suror,ce as martgagee shail from r~me to time deem fit ro ca+ry on the loan secured hereby. ~
1Nortgagee sbai! from t;me to t~;ne not~fy mortgagor [n writ+ng of the amoum due a~d payabk he~eunder and wch s~m sha'.I thereupon be due and
F3rable on th¢ due oate of the next month!y payment and each suc s~ve month theieaher u~.til mcrtgagee shall notiiy mortgagor of a change in such
a~-oum. Such sums sha:t be applied by mo.~gayee roward tne psymenr of real property raaes, inwrazce p+em..ums, a~~d mo~~}~ape guaranty insurance
~ ~emivms.
N WiTNESS WNER Of, the MORTGAGOR has hereunto set his hand and seal the day and yea~ first ~foresaid. 1
Sealed de ver tF~e presence of: " ;
f ~ r~ ~n i
- P
- c~.n
- ~s~.n
s~arE oF Ftoa~o,a ~ .
counm oF St. LvQd,e ~
before me ~..«,.u,, appeertd Paul (f. Donaldson
and
~I~thf~~" ~~dRQII-~ his wife, to me welt known and known to me to bt
rhr indwidveb deuribed in snd wEw executed the forego;rg instrument, and ~cknowledged before me tAat they executed tF~e same fw tM purpos~s
~h~•~~~ ~=~~d. a,a ~h. N.d Dorethia L. D~naldaon
,f Paul G. Donaldson . ~,•r'
e¦am~nat~on by me qken separste ~nd apa~t from her sa~d husbar+d, ac4nowledged to and befwe me that sfx exacut~d instsorp~lu~a~ty..~cj ~p,fy~.
ra~,~y ~nd w;rhout any compulabn, consvaint, appre ekon. or fear of w from ~ sa~d husband.
WITNESS my hand ~nd offic[~I seal thia_ " da of ~ - ~
Y
-
Notary ublic in ~~d fw ~h~ I~.of id~ at p~ _
Retum To: My m~ssiw~ expires: ~ • ~
F~nt federal Savings 8 toan Associatan ~OTARY FU°l~'' ^T•-"•TE Ff O`t~Q~ /lT . ~
Of fort P,crce. 'Ml' C ~ ' . "':t. 9. 19~' ~
fort P~erce, Ftor~da ~sE!`tEtii+L lia...,,v..i~~. u~.i.:..ii~~l7~i{3.1Ai(:
3. a ~ ~s 21535'?' t
This Instrument Prepared By JOhfl W. Collina E~~ED AND RECOR Ee
5T. lUC1E COUNTr ~LA.
First Federal Sav+n~s b loan Association RdGER POITRAt
of Fort Pierce~ glorida CIERK CiRCU1T COYRt
~ RfCORO VER~FIEO~.........,~
Checked By
Sa 9 2 02 PM'11
:~195 ~i371
~ ) ~ l~a
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