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3. To p,ace and conf~nuo~sly 4erp on ihr tu~ d~~,gs nc~n or hnrr,trar anuare on sa~d land and on a~! e~uipmem ae,d pe~so~a~~y ccve~ed bv ~h~s mw
age, with ali p~emiurns tnrrion pad m(u:l, 1~re ins~ra~~ca ~n ~i~_• ~s.,al s~.+~~~.+~J po'~cy form, in a sum a~proved b~ thr h1JR~v.:~rf~, a+d w~~~Js~o
ms~~rance in ~he uaoal a~~ndard pot.cy fa~n, in a sum aHF:ro.rd by ihr h1JRTGAGEE, io such company or canpan~es as the Y.,O~t..•~l'atE m
d~~ect; and all fire ar,d w~ndsrorm i~~sv-ance po:~c~rs on any ot sa~d bu~~d~ngs, any interest therein ur part thereol, in the agg~~ya~e s„~~: ato~esaid ,
In eacess thrreof, sha!1 :ontain the us~a! 113!:d3rd ~noi~g,~gee u3~se o~ w;h ofhe~ c~ause as the Mo+tgagee may ~equ~re, mal~~ng tlw ~ess undrr sj~d po i
c:es, ea-.h and every, payab!e to said ~~\JRTG4GEE as ~ts ~~trr~st rnay app~~ar, and each and every s~:h po~~cr shall be promptly ass g~~cd a=•d dt~~varrd ~ ~
eny he~d by ~a~d N102~vAGEE as fur~her se:urity ta sa:d or~gage •~_b!, a::d, net less ~han ten (10) days in ad~ance o; the eapirat~on o) esch po!~cy, ~o d~
~,~er to sa~d h50RTGAGEE a renewal thereof, ~oge~hrr w~rh a re,r~pt for ihe prrrnium of such renNwai; a~~d there ahall be no f~re u. ~•+~~ds;o•n. insuranc
p'aced on any of sa~d bu+!d~~ys, any interest ihere~n o~ pa~i !Fereof, u.,'~•ss m rhe (orm and w~~h the ~oss payab!e as aforesaid; and ~n ~he e.enl any sun
of monry beco~nrs payabte under suth policy or poLcies sa~d M~:RTGAGEE shsli have the opt;on to recei~•e ard app'y the same on accou:n oi ihe i~idrbh~d
r,rss sewred herzby o~ ~o pe~m;t iald MORTGAGARS to recr~.e and ~se it or any F~: ~t ~h•~:~~~t for o:i,• r Nu~~ os~s. .•:~~~~o.:t ~h ~3 ~~~~p~~'
ir.g any equ~ty. I~en w nght under w by ~~rtue of th~s mcr~yage; ar~d in the event sa:d A10RTGAGORS shall !or a~y ~eas~n fail to Aeep ~he se~d prem~ses so
,naured, or fail to de~~ver promptly any of sa~d pol:u_s of ~~w~ance to se~d h10RTGAGEE, or fa~l promp~ty to pay fu!!y any p~rn~.m ther,;tor or ~n any
respeu fail to pe~fwrn, d:scharge, earcuTe, efieU, comp'etr. conp~y '.vith end ab~de by thit tovenar.t, Or any pert hareof, sa~d M:~RT:.--~GcE may piace a:~d
pay fw wch i~su~ance ar any part the:eef w~~hout waiving or afi_-u~r.g any op~~on. ~ien, eq~~ty, or r~~hi under or by virtue oS 1Fus •'..u+tg~ye, and the
r;;:1 amount of each a~d e.ery svch pa~~rnent shail be ~nuneomte!y d~r a~:d payab~e and shail bear ~nferese irom tha dafe Thereof u~~~~l po~d a~ ~he rate o1
~^e per canr~m per annurn ai~d ro~rthrr ~nvrh wch int~~~es~ sha.~ sec..r~~d I~y the Len o~ this mortgage.
4. To pe~mit, tommit or suffer no waste, impairmrnt w detenorancn of sa~d property w any Fart thereof_
5. To pay all and singular Ihe costs, charges and expen~es, ~n:ludr~g a reasonabfe attorney's fee and costs of abstracts of title, incurred or paid st °
.ny tlme by sa~d MORiGAGEE, b~cause or in the event of the fa~wre on fnr pari ot ~he said MpRTGAGOR to duly, pro~nptty and futly p~rform, d~scnarge !
;.~cute, effect, canplete, conply w~ih and ab:dr by each and every ~he st~p~lat~ons, agreemenu, tondit~ont, and cove~~anrs of sa~d pro~n~ssory no~e ar,d ihi~
-•~rrgage any or e~~her, and sa:d costs, charges and expensrs, ea:h and e~zr~, shai! be ~mmediately due and payab,e; wherhe~ o~ not fhere be nonce dz
ar,d, attempt to tollect or wit pend:ng; a~d the full amow~t oi esch a~~d e.ery s~ch paYmem shall brar intcrest from the date ehereof ontil pa~d al the
o; n~ne per cenr,.m per an::~:n; and afl sa~d costs, chac3es a^ri ~x.:~•~,s~s ~~xu~red or pa~d, together ~v~th s~ch interest, shall be sewred by the I~en of th~a
mot tgage.
6. That (a) in the event of any breach of th~s Mortgage or defaul~ on ttr~ part of the A10RiGAGOR, or ;b) in the event any of sa:d sums of money
herein referrad to be not pro:np!ly and fully paid w~shin th.~r; ~,3J': d.=~s ne..~ a•ter ~he sa»e severa'ty become due and payab!e, witho~t dcmand or nohce, ~
or ;c) in tF+e event each and every the shpu:ar~ons, agrecments. [o~'~d~~~o u and covenants ot sa d pro~~~ssory note and ~h~s mortgage any or el~her a~e not ~
~,,;y, promptly and futly performed, d scharged, executed, effectcd. canplet~d, com;~;~ed wnh ar.d ab~ded 5y, then in e~ther w any such event the sa+d ag
~~egate sum ment~oned in said prom~ssory note thrn remainin~ cn~a~d, wrth infe~r,t acu~rd, and e:l moneys secured hereby, shall become due and pay
fnrthwith. or rhe.rarre., rt ihe o~+!~on of se~d AtORiGAGEE. as f~,iy and comp!ese~v as i1 a!1 of the sa~d sums oi money vvere ong~na~ly st:pu:ated
re br pa:d on such day, anyth~ng in sa d p.om~ssory note or in ~hls Ato~toagr fo the conrra.y nutx~ihs~and~:~g; and thereupon or thereafter at the opt~on oi
s=.d MORTGAGEE, wrthout no~rce or demand, sui~ at I3w or in eq~ny, the~eforE or thereafter begun, may be prosecuted as if all moneys secured hereby
r...d mawred pr~or to ns inst~tunon.
7. That in the event that at the beginn~ng of o~ at any Nme pznding any w~? uFon this Mo~tgage. w to ~o~eclose it, or to reform it, or to enforce ~
avmenf of any cialms hereundcr, sa~d hl'JRTGAG£E sha:i apply to tnr Co:,~~ haviug ~u~,sd.a~on thereof for the appo~ntment of a Recelver, wch Cowt shail ;
~:rhwi~h appo~nt a receiver of said mortgaged praperty ell and vny~:a., inciud ~~g o~i a~,d s~ngutar ~he income, prof~ts, iswes and reven~es from whate~er
sr ,•ce drrived, each and every of wh,ch, it be~:~g rxpressiy underse~od, is te-_~by morrgaged as if spec~lically set forrh and desuibed in the g~anfr.,g and
h:~end~m dauses hereof, and wch Rcte~Yer shaR have all fhe b~oad a~~d eirec+l.e funtt.or.s and powers in anyw~se eMrusted by a Court to a Reterver, and ~
s. ;h appointment shall be made by wch Cou•t as an ad:~~ifrd equ:ty a„d a n•a~ter of absotute right to sald MORTGAGEE, and wishcut reference Io the ~
a:iequ;q o+ inadequacy of the value of the p.operty morrgag~~d or ~o she so vency or ~r.;o.~ency of sa~d MORTGAGOR or the defencia~ts, and ~hat such (
~.••n, profits, inco~ne, ~ssues and revenues shall be apNi~ed by such Recrwer accord.ng to the ~ien w equity of said MORTGAGEE and the practice of such ~
CauA.
8. To duly, prompt;y and (ully perform, d~scharge, exec.,rr, effrct, compEete, compl~r w~th and abide by each and every Ihe stipulations, ag~eeinenis, ~j
cor.dileons and covenants in sa~d promissory nete and th~s marTg3gr srt forth. j
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9. ihat in the event the owne:sh~p of the mortgaged pr~n.:ses, or a:~y part the~eof, becomes vested in a perwn other than the MORTGAGOR, the ~
:'.ORTGAGEE, its successors artd asvgns, may, without no+~ce to rhe hSpRTGi.pR, dea! w~th such successor o~ successor in interest with referente to this
e~tgage and rhe debt hereby secured in the same manner as w~+h tlorrgagor wltho~t in any .vay vit~ating w d~scharg;n~ the Mortqagors' fiabiiity her~ }
,^.der p upon the debt hereby secu~ed. No saie of the pren.!ses he~eby mortgaged ard no forbeara~te on the part of the MORTGAGEE or its svccessors ~
_ nssigns ar,d r.a extcr.s:c~ af rha r!:^e fcr !he payme^t of !he d~~~~ F.e•^b, s~t~~>d g~~en by the MORTGAGEE or its s~ccessws o~ ass:gns. aiiall operate
ro re!ease, d~scharge, modify change or aFfect tne or;g,nal I~ao::,ry ef the N.ORTGAGOR here~n, either in whole or in part.
' 10. It is spedf~ca~ly ag~eed that t~me is of the esser.ce of rh~s co~~tract and that no waiver of any obGganon hereunder or of the obtigafion se-
~ c. rzd hereby nhait at any time thrreafter be held ro be a wa~ver of the terms he.eof or of the inst~oment secured herby. _
1;. !n add tlo~ !o the forege r.g rnon!h!y payrn_n:s of ;.nrc , al and i;vrrest requ~red by the prom.sscry nore secured hereb7, mortyagor tovenants
~ a agr~es to pay to :r.o~tgagee v~~th each monfh'y pa~~ ~ent an ad.;~:ional w~n es+: ~.ated br mortgagee lo be equai to l. 12 of the annual cost of the follow-
!
i A-All real property taxes ~eri=d or assessrci aga~•~st ;h~ a6ove desr~~~ed reat es<ate.
~ 6-Pr~~rr.~~•ns o~ fi.e and windsto-m ins~~rarce as he:e~n n~qu:red to be carric•d en the ~m;,roveme~ts situate on the above d:scribed premises.
~ C-Pre~~iums o~ wch mortg;:ge gua~anty iesura~ ce as mortgagee sn3~! 'rc~.- t me to ti~ne deem fit to carry on the loan secu:ed hereby.
:
Mortgagee sh,.f .'rcm h:nz to ti~;e nenf~ me~ry~ger ~n wnt,ny of tfie a roo~t due and payabte hereu~der and such sum shall therzupon be due and
~ .;able on tha d~e date of ~he neat month.~ pay~n~nt and e~ch success~ve -.~or~th ±Fereaft~r ur.ti; mortqagee shatl notify mo:tgagor of a change in such
~~nt. S~ch sums stia:l he a~p:~ed by mortgag.~e to~a~d the par~nent of real prepe+ty taaes, insurance prem:ums, and mortgage gvaranty inwrance j
t : •e^:iums. ~
3
IN \YITNE55 'JJH~R~OF, the said MORTGAGOR has here~-~to set his ha~,d and s~al the day and year first aforesaid.
~ Signed; Sealed and delivered i the presence of: ~ c ~l ~ )
~ ~
-r-~ 3 - ~ ~eeq
' ~ ~ Dorothe Gerretson, a sin_gle ad~~,
~
~ (S~aq
~ y -
- l5eaq
~ S'ATE OF FIORIDA `
~ ~ 55. ~
y~ ~JUYTY OF Jti. Lucie ~
~ s~f„~ „x ~„o„a,i,, aP~a,ed _ Dorothe Gerretson~ a sih~le adult ~
~ 7~Imr3FS~c to me well known and krawn b ms to be
~ rh~ individuai/ described in and who executed the foregoing instrument, and acknowledged before me that ~he/ executed the stru~~qA~llfd. pvrpOSes i
- therein expressed. ~~31faCl87~L- - -
• ~
xDt~o~~pc~t~r - 7i MC
~c : y p ~ y ' ~ -
° WITNESS my hand and offic~al seal this ~T--_ day of Janu = A.''D. 7a ~
~ - ' ~
,~:.y ~ • ••~~r ~4.,• , .
Notary Public in and (or the State of FI,~~~ a~
_{'~s~ ^ ~
'6^ My Comm~ssion expires: ~~Yl G ry ,t ~
Return To: ~ ~ `V.
First Fede~al Savirgs 3 Loan Associat~on r R QR~Ea
Gf Fort a E•~~ f lE0 A`1' ~`i
fort P~erce. Fio.ida `uG~~ v~VN1Y fLA•
ROCf' ' J~TRAS ;
CIERi• ..'~iT C9U~T /Jj~.~ / ,
~ t f t~ ~
' ItFGOR^ 'rf ' ` `
~u ~
This Instrument Prepared By J. D. Chasta~ C ,Q 25 wr, ?
First Federal Savings ~ Loan Association O '
of Fort Pierce ~ r'lorida ~~)S~A~
_ /~rlGr J
Checked By ~
~f~ 80~( ~~O PA6f
~
~ M _ - . - . _