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3. To piace a~d continuously krep on the b~~'diags r.uw or hxreaftrr ~~tuare on sa~d tand and on al~ cqaipment and peraonally covered by lhis mor
ege, w;~h a~l prem~ums ~hareon pa:d in i~1t, f~re inaurance ~n ihe uswl s~•~~~J•+~d po ~cy fo~m, in s aum approvad b~ the h10R~GAGEf, a~~d w~nd~to
~nsurance in the usual standard pot:cy form, in a wm app~o:ed by ihe h10RTGAGEE, in such company , or compan~es as iha MORiGAGEE m
dirKt; and all fire and winds~orm inw~a~ce pol~c~~s on any of sa~d buivd,ngs, any interest the~ein or part thertwi, in 1he ag9~egafe s~~» aioresaid
in ea:es~ thrreaf, shaU ca+eain ihe usual srandard mo:tgagee ciausr o~ wch a~her c!ause as the Mor~gagee may requ~ro, mak~ng thr loss undrr sa~d po
c~es, each and every, payuble to said h1JRTGAGEE as ~ts mterest may apHear, and each and eve~y such po:~cy ihatl be prompuy ass g~ed a~~d deG.ered ~
any held by said A10RiGAGEE as (urther srcurity to said mo:~gagr deu~, and, not tess ~han ~en (10) days ~n ad~•ance of the expiretlon oi each pol~cy, ~o d.
l~ver ro said MORTGAGEE a renev~al thereof, toge~her with a rece~pt for ihe premium ol wch renewal; and ~here shall be ~o Lre or wu~ds~o~m inswanc
plated on any of said bui'di+~gs, any interest the~e~n or part Ihrreof, unless in the form and with Ihe toss payabte as aforesaid; ar.d in the event any sun
of money becomes payable under such poGcy w poGues said MOR1GAGtE ahell have ~he opr~on to rec_•~ve and app!y ihe same on account of ~he indrb~ed
ness secured hereby or to perm~t sa~d rItORTGAGORS to receive a,~d ~se it or any p~~t tha~eof tor o:nr. p~r~_~s~~s, v~~~r„~.t ~h~.~ui .v.:~w~~~ or ~~np::~~
ing any equrty, Gen a r~ght under o~ by virtue of this mo:rgage; and in the event sa•d MOBiGAGORS shall :or any rcason fail to keep the sa~d prem~sas so
~nsured, a fail to deliver prompily any of said pol~ues of nuurance to sa~d h~ORTGAGEE, or foil promptly to pay fu~:y any pre;n~,;~n therrf~~ or in a~~y
:espect fail to perfwm, d~scharge, eaecute, effect, canptetr, comply wiih and abide by this cove~a:v, or a~y p.~ct hrreof, said h1GRTGaGEE may p~ace a.~o
~av for auch inaurance o~ anv oart thereof without waiving or affac?ing any option, lien, equity, w right under o~ by virNe of th~s h5ortgege, and the
f~l! amovnt of each and every such Fayme~t shall be immediately d~e and payabie and shall k~ar intrrest trom ina aa~e tnereot u~~ni N.,~.i o~ ~~~a ~a~~
n~ne per cenrum per annum end to~ether v~i!h such inte:est sha~~ ,e src~~rd by ~he tien of th~a mo~tgage. 1
4. To permit, commit or suffrr no waste, impairment a drt~r:orat~on of said properry or any part thereof.
5. To pay all and singular the costs, cherges and expe~~ses, ~nciudmg a reasenable atrorney"s fee and cos~s of absnacts of title, inc~rred or pa~d at
j-ry time by sa+d MORTGAGEE, because or in the ever.t of !he ta:i~re on the Dari of the aa~d A1pRiGAGOR to duly. prompilv and futly per(orm, d~scharge.
_Kecute, effect, canp:ere, tomply wnh and ab:de by each and every ahe stip~iaLOns, agreements, condit~ons, and covenanrs of sa~d piom,sscry note and ih~s
- .,,ortgage any or e~~he~, and said costs, charges end eapenses, each and e~ery, shall be emmed~atety due and payab;e; whe~her or not rhere be nor~ce dr
mand, attempf to collect or suit pe~~d~ng; and the f~tl amount ot each ard every wch paymen~ shatl bea~ interest from the date thereof until paid at the
r:•fe o~ nine per centum per an»u:n; ane' ail said cozts, chargrs a::d c¦~..•nses inturred or paid, togathet wdh such interesl, shall be secured by the I~en o4 this
mortgage.
b. That (a) in th,r eve~t of any breach of this Mortgage or defaulr on the part of thr MORTGAGOR, or ;b) in the event any of sa:d sums of mo~ey
herein referred to be not promptly and fully paid weh~:, th~rty i30) da;s ~~ex+ a:r.•r ihe sa~»e se:era:ly become due and payab!e, w~~hout demand o~ notice.
or (c~ in the evem each and eve~y the atipu:at~ons, agreements, conc~rions ar.d covenams of sa d pro+n]ssory nosa and fh~s mortgage any or either are no1
~u!y, p~ompdy and fully pe~formed, d;scharged, execur~d, etFecfed, comptered, compi~ed weh and ab~ded Sy, the~ in either or any such evem the said ag-
~rrgate sum mentioned in said promissory nore thrn rema~n~ng unpa~d, w~th mtr~~t,t acaued, and atf moneYa secu~cd hereby, shal! become d~e and pay-
aole forthwith, oi thereafter, at the option of sa~d b10RTG.~GiE, as fui~y and comp;e~rly as i1 all of ~he said wms of money were ongmaliy snpuiated
~o be pa:d on such day, anything in sad prom~ssory note or i~ th~s l.\o:f9agr ~o the conirary not,n;~thsta~~d~ng; and ~hereupon or thereafter ai the op~~on ot
sa.d MORTGAGEE, w~thout notice or demand, suit at law or in eqw~y, rhere~ore o~ thercafter begun, may be prosecuted as if all moneys setured hereby
n;d mawrcd prio~ to ds institution.
7. That in the evem that at the beginn;ng of or at any t~me pend~ng any suit uFon this Mortgage, or to fweclose it, or to reform it, or to enforce
,aymem of any cla~ms he~tundtr, said ~dORTGAGEE shait appiy to the Cou~t F~dvln.~ ~u~~SCI.C1.Jn thereof for the appomtmem of s Receiver, such Court sha0
i;;;:hwith appoint a receiver of said mortgaged proprrty aii and S~~aJ~idr, inc!ud~~~g aii a~~d a~ngu,ar ~i,e ir.come, p~of~ts, iss~es and revenues from whatever
s._u~ce derived, each end every of wh~ch, n be~ng express!y unde~sicod, ~s fer~by mongj~ed as ~f spec:f~caily set forrh and descr~bad in the g~ant~ng and
F.,bendum clauses hereof, and such Receivzr shai{ have ail the broad ar:d ef't~cr.ve funct ons and powers in anyw~se entrusted by a Cou~t to a Receiver, a~~d
s_:h appointment shall '~e made by s~ch tourt as an ad~~~~tt~~d equ~fy and a r.•atrer of a~so;ote r~ght to u~d MORTGAGEE, and wrthcut refe~ence to the
adeq~aty or inadeqoacy of the vatue of the propeny mortgeged or to thr s~:.rnty or insoivency o( said MORiGAGOR or ttw deiendants, and thaf s~ch
~e~rs, profits, incane, issues and revenues shall be app~~ed by such Rece~YCr accord,ng ro the ilen or equity of sa~d MORTGAGEE and the prauice of s~ch
Court.
8. To dufy, promptty and fully perform, discF.arge, exec~+e, effect. complere, can~ply with and abide by each and every the at~puiations, agreements,
conditions and covenaros m sa~d prom;ssory note and ih;s mortgaye s~-~ for~h.
9. That in the event the ownersh~p of the rr.ortgaged pren,~ses, o. any part thereof, becomes vested in a person other than the MORTGAGOR, the
h'.ORTGAGEE, it~ successors and assigns, may, without noT~ce to the r,tpRlGapR, deaf w~th svch successor or sutcesser in imerest with refere~ce to this
~~~ortgage and ~he debt he~eby secured in the same manner as wn6 ~dc~~~:~gor w:!hout in any way vit~ating or d~scharg~ng the Idortgagori liabitity herr
under or upon rhe debt hereby sec~red. No sa!e oi the pren:lses hereb; rno~tgaged and no for~earen~e on the part of the MORiGAGEE ar its successors
or assians and no extension of the t~me for the payment of the debt heret~y secured given by the MORTGAGEE or its succeasors or ass~gns, a~~all operate
ro reiease, dache~ge, mud~fy cF~ange or aFfe:t tFe orig.nal ::ao,~~ty af rhe A'.~.?RiGAGOR heceen, either m who#e or in pa~t.
10. h is speufically agreed that tfine is of the esse~~.ce of th~s co~~r~act and that no waiver of any ob~~gat~on hereunder or of the obligation x-
c~red hereby shall at any time thereafter be he`.d to be a we~Ye. of the ternu hereof or of the :nstrument secured herby.
11. In a5d t:o~ to rhe fo~ego n9 momf~!y payments ot p~inc pat and ~~T=rest re~u~red by the prom sscry no'e secured hareb~, mo:tgagot tovenants
±•.d agrtes to pay to mor!gagee wiTh each rnonrh!y er.t en aci.i,~~onal su•n rst ra~ed by mortgaqee to be eq~al to 1 12 of t~ie an:wai cost of the foliow-
~ ,3:
A-All real property taxrs lev~ed or ass~:sseei agal••st ~h~ df:ilvc' ciescr~~;• d real esrate.
B- Prem~u~ns on (ire and wir.dsto~~n insur3r.ce as ne~rm req~.red to be carri•-d o~~ the lmproveme~ts s~tuate on the above described premises.
E C-Premivms on s~th mortg~ge guaranty ir.sura~.ce as mo~tgagre sha:l fro,r t me to t~me deem fit ro carry on the loan secured hereby.
Mortgagee shail !rom r6ne to t~me nor~1~ morf_agor ~n wr;t~ng of the ae:o~~~~t d~e and payabfe hereundrr and wch su~n shall th~•reupon be .;ue and
! ; a;able on the d~e dare of thz next month:y payme~v and each wcccss~ve ~r:onth thereaft:r uctil mertgagee shall nohfy mortgagur of a change in such
' +~,ovnt_ Such wms sha:l be app:«~d by mortgagee ~oward the par~.~ent of rrai property ta:es, insura~~ce prem.ums, and mortgage gvaranty insurance
S
s , •emiums.
~ IN Y1ITNFSS tiVHEREOf, rhe sa~d MORTGAG02 has hereu~~fo set h~s ha~~d and seal the day and year first aforesa~d.
~ $igned, Seated and delivered i~ the presence of: ,,<:;~%Kr/~ . •
~ '1~
F ` fILEO A!~9 RtCOR0E0
~ ST.IUCIt ~OUNtY fl~. W~ i H. i haZds ~~ai)
~ p(~~~ R t iI~TRAS (Seap
CtE~?. c~ :~uiT C U T~ ghirle Richards
~ PCC~k~ Y= F::~:p (Seaq
~
~ -S7AiE OF FLORIDA 1 ~ ~ ~a 10 C~ ~N
~ } ~ ' :
i
~ COUNTY OF St .~uc ie ~ 221,049
Befwe me perwnally appeared ~'~'~illldm H• Richards and
~ _ Shirley Riehards his wiie, to me well known a~d known to me ~o be
the individuais described in and who executed the foregoing instrumem, snd acknowtedged before me that they exec~ted the same fw the purposes
~ rhe.ein eapressed. And the :a~d___ irle~__Richards _
' +.~fe of the said ___-_-Willl~ R ichards upon a separate snd priva?e ~
~
e.am~nat~on by me taken separate and apart fiom her sa~d husband, acknowledged to and before me that she ezecuted said iostrument freely and voluo-
~ ~ar~ly a~d without sny compulsion, constraint, apprehens~on~ fear of or from her said husba n
~ ' /
=3 WITNESS my hand and officlal seal this_ _ day of____- A. D. 19~
Notary D' in a d fo~ tlx tate of Fbr~da at large
V
My C ion expires: ~u' L~ ~ J 7.y-
- Retum To:
' fust Pederal Sav~ngs b loan Ass~ciaLOn ~'f~`"'`• NpTARY PUB(.~C STATE OF FlOR10A AT LARQ!
~ OI Fun P..~ce Y COMMISSION EXPIRES AUG.
Fort P~e~ce. F;cride ~ . -
° NERAL INSURANCE UNDERWR~TERgljlj~ i
. ~ ~P
_ • 7i. .
This Instrument Prepared By Wa. E. Braun
First Federal Savings 8. loan Association ~ {
of Fort Pierce ~ Florida • ;
~
~
Checked BY ~
'~s BocK 19$ PaCE $
5~
_ i
Rf~ j . ` ~
_
'R'~'~5~.'$...~ ~ _ . ~ . . . . . ` S . , _ ~ . sc.