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3. To plece and cont~nuously keep on ~he bu~'d~ngs now ur herea(rer siWere on safd land and on all eqvip~neM and per~onaliy tovered by this mor
age, with all premiumi thereon pa~d ~n full, 1~r~ insurancc m ihc us~al staiul~rd pohty +orm, in a eum approved by the MOR!GRGEE, a~d windsto !
~~su~anta in Ihe us~al standard pol.;y iorm, in a sum appro~ed by tho MORTGAGEE, in such tomp~ny or cornpanies et fhe MORTGAGEE m
d~rect; and aN (ire and w;ndstorm inw~ancr poGc~.s on any of sa~d b~~ld~ngs, any inle~eit thercin or part Ihereo(, in Ihe aggrega~e wm aio~esaid
in extefi Ihe~eof, ahall conTain ~he usual standard mortgagee c~ause o~ such o~her clause ss the Mortgagee may requ~re. making the toss under ia~d po i
c~es, each and every, payab!e ro sa~d MORTGAGEE as :n mtrresl may ai~pear, arxi each and every such poGCy sha{I be promptly ass gned and delivered ~
any held by said MORTGAGEE as iur~har sacurity to sa~d n,oriya~~ d~dt, and, not less than ten (10) days in edvance oi the expiralion ot each poGty, to d.
live~ to said MORTGAGEE a ~enewai thereo(, toge~hzr 'w1~h a rece~pt for tha prrmium of such renewal; and there shalf be no f~re or w;nds+o~m insuranc
p!aced on any of sa~d bu;ld~ngs, any i~verci~ Iherein k pa,~ thrrro~, un'ess ~n ~he torm and wlth the loss payable as afwesaid; and in the event any sun
of money becomes payable v~der wch policy w poGcigs said MORTGAGEE shall have the opt~on to rece~ve and apply the same on accounl of the indabted 1
ness sctur~ horeby O? to pcrmit sa~d MpRTGAGORS fo teceive and use it p eny parl the~col fLr oti~rr ~ur~~otcs, ~o~tho~t th~.~o~ waiv:ng o~ inipair ~
~ng any ~qu~ty, lien a right undcr or by virtue of this mc:'yage; and in ~he eveM said MORTGAGORS shall for any reason tail to keep the sald premists so ~
~~surrd, or fail to del~ver promptly any of said pol,~ies of inwrante to safd MORfGAGEE, or (a~t promptly fo pay fully any pre~n+vm lhcrelor oa in a~y
respen lait ro perform, ~i~scharge, execura, efiect, ca,~ptete, co:nply wiih and ab~de by ih~s co~en~nt, or any par~ ha~eof, sa~d MGRTGAGEE may place a~~d
pay iw such iosurance or any part thereof wi~hout waning ot atfect;ng a~y opiion, lien, equity, or r~gh~ under pr by virtue of fhis Mo~tga9e, and tht
f.,ii amount of each and e.~ery s~ch payrnent :hal1 be imrnediarely due a~~d payable and sha~i brar intere~t lrom the date thereof uroii paid at the rate o1
n;ne per centum pe~ annum and to~ethrr v.ith suth intercst sfiai~ t~e s~cured by the lien of this mottyage.
1. To permi~, commit w su!(er no wasfe, impai~ment w detcr~oratio~i of said prcpe~ty or any part thereof.
5. To pay atl and singu~ar thr costs, charges and expenses, induding a reasonable attomey's fee and cosrs of abstratli of titte, incurred or pa+d a1 1
any time by said MORTGAG:E, betause oi in ihe event of ~he fa;fure an ?he part of the said MORTGAGOR to duty, pra~ptly and fully perform, d~scharge. ~
execute, ef(et~, tomptete, comply w~th and ab:de by each and every the stip~lahons, agrrem~~ls, condit~ona, and covenanrs ol said promissory note and th~~
~~ortgage any or ei~t~, and sa.d coats, charges and eipenses, each and every, shatl be immrd~ately due and payable; whetber or not thcre be notice do-
mand, attempt to toflKt or suit pend~ng; and the fufl a~nounf of each and e~ery s~ch payment shall bea: inte~esl from the date thereot un~il paid at the
~•,te oi nine per centum per an~~c:n; and ai~ aa~d ccsts, cha:ges and ea~nses ~ncurred w pa~d, together ~wth such interest, shalt be secured by the lien of th~~
martgags.
6. That (s) i~ tF~e event of any breach of th~s Mort~age or defaul~ an the part of ~he A10RTGAGOR, or (b) in the evenf any of sa:d ivms of money
harein ~eferred to be not pron,pfiy and fully pa~d w~!h~n fh~rsy ~30) days nex~ a~r~~r the san,e seve~a:ty become due and payable, without demand or notice,
or (c) in tl?e event each and every rhe stiputai~ons, agreenee»t3. co»d~fiO~ts and covenants of sa.d prvmissory note and th~s morlgage eny or e~the~ are nol
i~fy, promptly and fully performed, d scharg~d. e,.ecured, effecred. completed, compi~ed w;~h and ab~ded 5y, the~ in e~tFxr w any such evem the sa~d ag
a~egare sum mentioned in sa+d pro.n~ssory nofe the.~ ~e~mm~;ng unpa~d, with inecre>t accrued, and a~l moneys secured hereby, shall become due and pay-
aa e forthwith, or thereat~er, at the opt~on of se~d MORTGAGEE, as fully arxl comp!etciy as if atl of fhe said sums of money were onginatly st~p~~eled
ro be pa.d on such day, artything in sa d prom;asory nore or in ih~s Mo~tgagr to the contrary notw~~hstanding; and therevpon`w ihereafter at the option of
sa.d MORiGAGEE, w~thout nonce or demand, suit af law a in equity, therefore or thereatter begun, may be prosecuted at.if all mooeys tecu~ed hereby
n~d matured pnor to ~ts institunon.
7. That in the eveM that at the beyinnh~g of or at any time pending any su~t upon this Mo~tgage, w to foreclose it, w fo reform it, o? fo enforce
F~ymero of any da~ms hertu~dcr, said MORTGAGEE shati apply to the Court havb~g ~unsd,ction thereof for the appeintment of a Receiver, such ~ourt shall
forrhwiih appoint a rece:ver of said mo~lgaged propeny all and s~nguiar, inc!;rd.ng aU a„d s~ngutar tF.e income, prof~ts, issues a~d revenves (rom whatever
s: urce derived, each and every of wh~ch, ~t ~,ng eapress!y inderstcocl, is hereby morrgaged as if 3pec~lica7ty set forth and dettr+bed ia fht g?anfing and
h~hendum clauses hereof, and such Receiver sha:l have all the br~ad a~d effea~ve f~nct o~~s ard powe.s in anywne entrusted by a Court to a Receiver, and
s_ ch appointment ahalt be mede ty wch Court as an ad nitted eq~ity and a ma~tei
oi~so+ute r;ght to said MORiGAGEE, and without reference to the
ndz~quacy or inadequacy o~ the value of ehe property mo:~geged or to the iovanty or ;nsavency oi said MQRiGAGOR or the deter+dants, and that such
~e~,+s, proiits, incane, iuues and revenues sha11 be app'~~ed by such Recre~er accord~ng ro the iien w equity of said MORiGAGEE and the practice of such
Court.
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8. To d~ty, prompt'y and 1u:?y peifo~m, d~scharge, execure, etfect, complere, compiy wlth and abide by each snd eve~y the stipuiations, agreememi,
co~~ditions and covenants ~n sa.d prom~ssory note and ~n~s mortgage srf iorfh.
9. That in the evem ehe ownersh~p of the mortgaged prern,sas. or any part thercof, bccomes vested in a person other than the MORTGAGOR, the
:'QRTGAGEE, its successors ar.d ass~g~s. may, wif{,ovt nunce to ~he ~VORiGAOR, deat wnh sucA successw or successor in interes~ wirh reference to this
~ ortgage and the debt hereby sec~red in the same manr,~r as w~fh t.tar+~,~gor w~thout in any way vit2ating or d~acharging the Mortgagors' (iability herr
~~der w upon the debr he~eby securcd. Mo sa•e o1 the Fren.~ses h~•reoy n~.tgaged ar.d no loibearan~e on the part oi ?he MORTGAGEE or its sutcessors
o~ ass~g~s and no exrension of rhe e~me for ~he payment o1 the debr he.eby secured given by the MORiGAGEE o? its wcuuws or auigna, shall operate
to rNease, d~scharge, rtwdify ~harege w affect the o~ig~.wl Geb~~~~y of ~he AM1ORiGAGOR herein, either in whole w in part.
10. It is speuFicatly agreed that time is of the euence of th~s contrap and that no waiver o( any obligat~on hereunder p of tM obligation st
cured hereby shat! at a~y time thereatrer tre he:d fo kx a waiver of rhe terms hereof or of the instrument secured herby.
! 1. In odd.t;o.~ ro the lo~ego ng monrh'Y ~s~r~~~-»ts o! ~~~~r;c pa; and u~r, rest requhed by the prom'sscry nore secu~ed hereby, morigagor tovenants
i.d agr~es to pay to mortgagee w~th each monrh'y Na,~.~e~~t an add~~ronal suni eu•:,~ared by mo+tgagee to be equal to 1,' 12 of the ann~al tost of tix follow- ~
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A-Att rta! property taxe: tev<<-d or assess~;j agai~tist rhe atnve dezr~h~d real estate. ~
B Pr~rn~ums on fne and w~ndsto:m ~niu~arce as he~e~n req.,.r~ to be carr~ed on the :mprovements s~tuate on the above described premises.
C-Prem,u~-+s on such mo.rg;,ge guaranty ~r.sura~ ce as mortgagee sha~l fro~c t.me ro r~m~ deem 4it to carry on the loan secured hereby.
Alortgagee shj!I frcm ~~~ne ta t; r.e ne~~f ~~r~rig,go• ~n ~rit+n9 of fhe a~~~o:,~t d_,~ a~d payable hereundrr and such sum sha(! thereupon be due sruf
.-.ab`e on the d~e oa+e of the ncat monthi~ p.,y~*,,.,,t a~~d e.,:1~ successive :ro•~+h ti,~~eaft_r urnil mortgagee shall notify mortgagor of a changa in such
^unt. Svch su:ns s~a,i be a~p «•d by mortgayei ioN~rd the paymznt of rea! proF;erty taxes, insurance prem,ums. and mortgage guaranty ~yurance
. -:~~nivms.
IN YJITNESS L':HFRcOF, rhe sa~d MORTGAGOR has herevnto set h~s hand and scal rhe day and year first aforesaid. ~
Signed, Seated an liver in the pre ence of:
_
_ - (Seal)
(Se+q 1
- - (Seap
5"%.TE Of FLORIDA ~
:JUNTY OF SL• L~~
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Befwe me perwna;ly appeared ---JaMa y da~2 a S~D~~ ~Yltr ~
~ to me weil known and known to rr?e to b~
r~,e ind~vidw?/ described in and who exec~fed the torego~ng instrument, and acknow~edged be(we me that ~he/ e:ecuted the same fw t!?e purposes
~herein eap~eased.
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~~a 4
WITNE55 my hand and offidal seal th:~_ __.__~si.~~_______ day of_~~_ ~~~>~P Q, ~q~_
~:y
fllED AIiL~ °EL'ORQE~Q ,:.i
~T. iUC;~ WUIFi~R~
~Q~~~ P01jR~ ` Norary P blic in •nd (or r St ts'Of ~Jprid~'i1't~rys
Rrf:,m To: C~ c~,R i~RCU1T COI~RT Y Comm~ss~on eapires: .
first F~ra[ Sav+ng~ 6 loan Asso:~~t.on RFr.~Ra VE^~F~ED~ . . ,
O~ F'. . • vO7ARYP±~.•~~~•q:.'!T~ !r . '
Fort P~...ce cl, ~P 2 5~ PM'~F F~P~J , - { ~~~ri~_^ ' ;
R~i Ii~SURANCE l:..ucriy~ ~ 1NC.,~ , ` ~
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3i;~"y ~t,.;..
1- ~ .
This InStrument Prepared By J• D. (~la/t,aiD 216~5 3' ~ ;.~~~~i`~~
First Federal Sav~ngs 8 loan Associat~on
of Fort F~erce ~ ~p~di
Checked By _ _ . - - y
e~~ 1~'i ~ 2573 .
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