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3. To platt e~d conti~uously keep on the bu~.'d~ngs now or he~eafter ~itwfs on sa~d land and on all equipmrro a~~d penonaily co~ered by thif matg~
•ge, w~th •II premiums ~heraw~ pa~d ~n full, tire ir.surance ~n the 4wat s~a~~dard po~:cy form, in a wm app~ovrd by the MOSt~~~GfE, and w~n~s~am
i~sv~ance in 1he uswl standard pol,cy form, in a sum appro.ed by thr MORTGAGEE, in iuch company oi cempan;es as the AtOR1GAGEE may
direth and atl fire and windstorm in~uronce Folicies on any of ~a~d buitd~rys, any inte~a~l ~hr~ein or pa.t theleof, ;n ihe aggrcga~e sum aforesaid w ?
in ~xcess Ihereoi, fMll corosin ths usual standa~d mortgagee clause a such e~her de~se as ~he Mortgagee may rey~~re, mak~ng thr ioas vndar sa~d pofb '
det, esch and ~very, payable ro said A10RTGAGff ai its iroerrsf niay appear, and each and eveiy such po!~cy sF,all 6e p~omptly ass gncd a~~d detive~ed to
•ny held by said MORTGAGFE as (urthar tecurity to teid mortgage debt, and, not less than ten (101 daYS in ad~ance of the exp~rat~on of each pca~~cy, to dr
liver to s~id MORTGAGEE a re~ewal thereof, Iogethe~ witA a rece~pt fo~ the p~emium of such re~~ewai; a~d thrre s1,~N be ~u f~re ar wu~dsro.~~ insurance
p~ated o~ any of said building~, any intereat therein or part thereoi, uniess in the form and w~th the loss payoble as a(ore~aid; and in tha evenl any sum
01 mo~ey bctome~ payable u~de? such polity or poliues said MpRTGAGEE shall have the opt~on ro ~ece~ve and apply die sa~~~e on acco~n~ oi ~he indobted-
nHS seCUr~ F~ereby OI t0 pQ~mil sa~d MORTGACiORS fo rKeive and ute if O? any parl th~~:col So~ o:m. {,ur, cses, v;~~V~v.:t th w~;.;,~ ,.,r ~~np~ir- ~
ing any equ~fy, lie~ or riyht unda~ or by virtue of Ihis mortgage; a~+d in Ihe event sa~d MORiGAGORS shalt tor any reason fail to kcep ~he said premisrs so !
insured, or fail f0 deliver promptly any of said policies of i~sura~xe to sa~d MORTGAGEE, or fa~t p:o~,ptly to pay fu~ly any rre~n~v+n th~~rfor o~ in a~Y R
respect fail to perform, discharge, exetWe, effecl, compkte, cemply wi~h a~d ab~de by this cove~ant, or any p.r~ hrreof, se~d tAORTvAGEE may plete a~~d ~
pay fw such insurante or ~ny part Ihereof without waiving or affecfing any optio~, lien, equ~~y, or right under o~ by virtue of this Mo~~gage, and the ~
f~ll amoum of e+cA ~nd evsry tuch payment shslt be immediately due and payable and shall bear iroerest from ~ha date thereof ~n~il paid at the rafe ol ~
mne per centum per annum and togethe~ with such inte~est sha~i be secured by the lien ot ~h~s moatgagt.
1. To permil, commit q suffer no wasle, impairment w deterioration of seid property o~ any part thereof. ~
S. io pay a!I ~nd ~ir~gul~~ the costs, cMrges and eapenaes, ind~di~g a reaso~able atrorney's Fee and cosrs of abs~rac~s of tiNe, inwrred or pa~d at
eny time by said MCRTGAGEE, btcause or in fhe erent of the fa;lwe on the part of the said MpRTGAGOR to du!y, promptty and fuily pe~form, d~scharge.
execute, effed, comp;ete, tomply w~th and ab~de by each and every the stipulanon~, egreemeMS, tond~tions, and corenanta oi sa~d promi,sory note and thi~
rnortgape a~y w either, and sa~d tos~s, chuges and expenses, each and every, shall be immrd~atety due and payab!c; whelher o~ not r~ere !x nonce ds
mand, s?tempt 1o collect or tuif pending; ~nd the ful) amouM of each and every fuch paymeM shall bear ;nreres~ from ~he da~e the~eof until pa~d at the
rare of ~ine per centum 4~r annum; and all aaid tostt, charges and ea~nses ent~rred w pai~, togethe~ w~th such inte~rs~, shalt be sewred by the I~en of th~s
mwt9s9a.
b. That (a) in fhe evenl of any breach of thi~ Mwtgage or defavlt on the par~ of the A10RiGAGOR, or ;b) in the event any oF sa~d sum: of money
herein tefetred ro be not pranptly and fully paid within tharty (30) days next atter the sa~ne severa:iy become due an~ paya~!e, wittwu~ demand or notice, ~
er (~j in the eveM each and every the sfipu~ations, agreementf, cond~tions and toven~nts of sa.d p~omissory ~ote and th~s mortgage any or eithe~ ue nol ~
iuty, promptly and fully performed, d~uharged, executed, eifected, tompleted, compl~ed w~rh and ab~ded by, then in e~ther w any such event tho sa~d ag~
~.egate sum meMioned in said promissory note then remaining unpa~d, wi?h imeres~ accrurd, and ati moneys secured hereby, ~Fial1 become due and pay-
ab'e forthwith, or thereafte~, at the option of seid MORTGAGEE, as tully and compfetely as if all of Nee said wms of money ;were,o~~9~netly s~~putated ~
ro be pa;d on wch day, anything in se:d prom~sswy note or in this Mortgage to th. con~~ary ~otw~thsianduig; a~xJ th~re~ or tFxreeite~ a~ ~he opuon ol ~
sa;d MORTGAGEE, without nonce or demand, suit at law w in equily, therefwe w thereafter begvn, majr be prosecWed at if al! moneyt secured hereby
n~d matured pnor fo ~ts institution. i
'
7. Tha~ in the event that at the beginning_of or at any time pe~ding any suit upon this /No.tgage, d to foreclose it, ar to reform it, or to enforce
Cayment of any daims he*tunder, uid MORTGAGEE shaN apply to fhe Court hav,ng tunsd~tGoi~ tht~cot for tAe apNomtmero of a Re;civer, such Co~~~ shall
forthwith appoiM a receiver of said mertg~ged prooerty al! and singular, indud:ng all and s~~~gular the income, proLts, iasues and revenues f.om whetever
so~rce de~ived. each and every of which, it being expressly unders~ood, is t:ereby mo~~gaged as if 3peufic~lly set (ortA and descnbed in the grant~nq and
h3bendum clauses hereof, and such Receiver shall have all the broad and e~fetrive funct:o~s and pwvers in ~ny~v~se eMruafed by i Cou~t to a Recciver, and
s~ch appointment shall be made by such Cou~t as an admitted equity and a matter of absolute rfght'to sdid MORiG/IGEE, and without ?eference ro ~he
edequacy w inadequacy of the value of the properry mo~tgaged or ro the so;vency or insolvency o}_sa~-N~7(t? i~C~OR oi the defe~danta; a~d thet such
.ems, prolits, income, issues ~nd revenues shall be applied by such Receiver accord~ng to the lien or e~uitp-bi ta7dMORTGAGEE and the pract~ce of such '
Court.
S. To duty, promptly and fully pe?iorm, discharge, execute, effect, co~lere, comply w;th and ab;de by each and every the stipuiations, agreements, '
:ondaions and coveoants in sa~d promiisory ~ote and this mortgage set forth.
9. That in ~he event the owr.ership oi the mortgaged pren,ises, or any part thcreof, becomes vested in a person othe+ tha~ the MORTGAGpR, ~he
MpRTGAGEE, its successws and ass~gns, may, witf~w~f notice to the MORTGAOR, deal wirh such successor or svccessor in interesf w~~h reference to th;s
~'o-~9age and the d?bt hereby sKUred in the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability hcre-
~^de~ or upon the debt hereby secored. No sale of the premises hereby mortgaged and no forbearan~e on the par~ of ~he fAORTGAGEE or its s~ccessors
or assigns and no extension of rhe ~ime fa tix payment of the deb~ hereby secured given by the MORTGAGE'_ or its succeisors er ass:gns, ahalf operate
to release, d,scharge, mod~fy ~hange or affect the original liau~lity of the MORiGAGOR herein, either in whoie or i~ part.
10. It is spec~fically agreed that time is of the essence of th~s contract and that no waiver of any obt~gat~on hereunder or of the obligation se-
cvred haeby shaN at any time thereafter be held to be a waiver of the terms hrreof or of the instrumem secured herby.
! 1. !n a~d,f:oa to the forego ng montF.ty payments of princ pal and interest re~uired by the p~om ssery no!e secured hereb f, mortga~or covenants
3^d agrees to pay to mortgagee w~ih each momhly payr.,ent an add.nonal sum ~st~ma~ed by mo:tgagee to be equal to l. 12 of tl:e annuat cost of the follow-
n~:
A-Ati reat properry taxas le•ned tx assessed aga+r~st ~hc atwve descr+~ed rea! estate.
B-Pre-.;~~ns on (ke and wir.dstorm insuracce as here"~n req~.,:r~•d to be carried en the ~mprovements s~r~ate on the above desaibed premises.
C-Premiums oa such mortg;ge 9uaranty ir.svrar,ce as mortgagee shall trom t me ~o ti~ne deem fit to carry on the Ioan sec~red hereby.
Nlprtgagee sha'i 4rcm time to time notify mortgagor m writ~ng of the amou~t dve and payabte hereundar and such w~n shail thereupon be due and
: a.able on th2 due oare of the next month;y payment and each wccessive month thereahcr untii morigagee sh3;1 not~fy mortgagor of a chan~e in wch
s• ounr. $~h sums sFail be applicd by mortgagee towara the payment of reat p~operty taxes, insurance prem.ums, a~id murtgage guaranty insurance
: •emiums.
IN Y~ITNESS 'NHfREOF, The s"d MORTGAGOR has hereunto set his ha~:d and seal the day and year firs~ aforesaid.
Sg~ed, Se~led and'tJRl;verec) n the presence of: ~ i
1
Sesq
' (Seal)
_ _ ~ ~ ~ (Seaq
~ " (Seap
S~ATE Of FIORIDA ~ `
~ v
~ouvTr oF St . Luc ~ p ~ ~
s~fa~ penonally appeared t~'illiam L. Bailey and Lois S. Bailey~ his wife a~ ~
`?~1'ldid 1. COt1tLAEEY ai1t~ Jacquelyn N Courtney his wife, fo me well known and known ta me to be
•he ~~d~v~dw;s dacr~~ed in and who executed the foregoing instrument, and acknowJedged befwe me tAaf they exewted the samr for the purpose~ ~
~r~e•~~~ ~xc.~,ud, a,d rt,~ said~i5 5~ 8ailey wife of the said William L Bailpy and T?c~ygly~w~
Ce~~tn~;• Wife of the_ said Ronald L Courtney a,~~.,~~4,~,~ ~ivi1.
e.am~n~t~on by me taken separate a~d spart from'~ier said husbandfatknowledged to and be(ore me that`~A~executed sa~ir»trurpent•fra,T~•,~?d vplyn. j
ran~~ and w~tha~t •ny compulsioo, constraint, apprehe/~~Y~ w fear of w from7hir said husbandS r. f
WITNESS my h~nd and off;cial seal ihis_ ~ L", dsy oI~ S tembeL ~~'~A11~ ~
~ ~ - -
Nola ~~blic ir~ and fa/ fhe,filste q~ ~'~"ji~+~t L~to~ ~ ~a:
.x Js-~
My omm~ssion expires: - ~j ~i "
Return To: vZ ~V ; .
Futt Federal Savinyt 8 loan Anocist~on ~A TA ~G?.~ ~j ~ ~ ~ r~ f L ` +t~s~~~~
04 i4rt P-erce. i J .iC 1 ~ ~
Fort ~~erc., Flond~ IC ~?d~ if;!~0~~._ `/NUFRY..I~TC!y.~'i, CNRi~t,•' r_~r?.
2 5509 •
f ILEO Ayp NECOROEO . 1,
Th~s Instrument Prepared By John 1~:. Col l ins S~- ZUCiP COUNTY FLA. 'y
F~rst Federal Savings 8~ loan Association RpCCR P01TqA5 a~
CtERR CiRCUiT COUAT )
of Fort Pierce~ Pipr ida RF_COAp VERIilEO~,~
Checked By~------ 1W I~ ~ S6
a~~195 ~15~ ~
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