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To ptac~ a~u! co~~~nvo~sly keep on the bui:dings now w hereafta ~ituate on said land and on all equipment and person~tly covered by ihis mor sgs. with all premiums thercon pa~d in 1ull, fire insurance in the ~iua~ atanda~d potity torm, in s sum app~oved by the MOR~GAGEE, and wmdato insuronc~ in Ihs usual ttanda~d pol~cy form, in a aum approved by the MORTGAGEE, i~ such company o~ companies as ~he MORTGAGEE m direch ~nd alI (ire •nd wirxlstorm iniv~artce policias on any of said build~ngt, any inleresr thsrein or part thereof, in the a99rega~e sum aforetaid in •xtess thereof, sMll :onlain the uswl ~undard mwtgagee cleuse w such othe~ dsuss ai fM Mortgagee may rcqu~r~, making the ioss under sa:d po de~, each and evay, payable to said MORTGAGEE as its interest may appea?, and each and every t~ch polfcy sha11 be promp~ly ass g~ed and deGvered ~ •ny held by u~d MORTGAGEE +s (urther security ro said mo~tgage debt, and, not leu than ten (10) days in advance oi the exN7ra~~on of each pol~cy, to d~ I~ver to said MORTGAGEE ~ renewal the+eof, tope~her with a rece~pt for the p~emium of svch re~ewal; and there shali be no i~re or windseo~~n insuranc alaced on any of said build~ngs, any inte~e~t there+n or pa~t !hereoF, unless in the form and wi~h the loas pa~abte as aforesa~d; and in the event any sun of money becumct payab~e vnder such policy w pol~cies ~aid MORTGAGEE sha!1 1?ave the opt~on to recrive and apply 1he same on account of the indebted neas s«vred hereby w to permit sa~d MORTGAGORS to receive and use it a any pa~t tM:eof for o:i,cr pvrp~nes, v~~inp,;e ih~•:~~ o. ~~»p~~~ ing any equity, tien w right under a by virtue of this mo::gage; ~nd in the tvent said MORTGAGORS shall fw any ~eawn fail to k~~p the said p~em~srs so ~nsured, w fail to deliver promptly any of said pOlKiea oi insurance to said MORTGAGEE, o~ fail promptly to pay fuity any pr~n:~urn therefor w in any respett fail to pn(wm, discharge, eaecute, effed, comptete, comply with and ab~de by tki covenant, o~ any part harcrof, sa~d MUR7GAGEE may piace ana pay fw such ins~rance o~ a~y part fhereof w~thou~ waiving or affectir?p any option, l~en, eqvity, or right under a by virtue of th~s Morfgage, and the f~l! amovnt of each aod every such payment shall be immediately due and payable and shall bear interest from the date thereof u~~il pa~d ai the ra~e of n~ne pe~ tentum pN annum and to~ethar vvith suth interest shali be srcured by the lien of this mortgage. • I. To ptrmit, commit w suffer no waste, impairment w deterioration of said property or any part thereof. S. To pay atl end singular the cost~, charges snd expenses, including a reasonabte attwney's fee and cosrs of abstracts of t~tfe, i~curred or pa~d at any time by sa~d MORTGAGEE, txcause a in the eveol of thr failure on the part of the said MORTGAGOR to duly, promptly and fu~ly perfwm, d~xharge execute, effect, comptete, comply w~th and ab;de by each and eve~y tFK s~ipulano~s, agreements, conditions, and covenanrs of sa+d prom;ssory note and eh~s r.ortgage any or e~rher, and sa~d costs, charges and expenxs, each and every, shall be immed~atefy dve and payable; whe~her or ~ot there be not~ce dz mand, attempt to collect p suit p.inding; and tha full amount of each and every such paymertt shall bear interest (rom the date thereof u~tit paid at the r~fe os nine pcr cen~um per annurn; and all uid costs, charges and expenses ~ncurred a paid, together w~th such interest, sMll be secured by the lien o( th~s morfgege. ~ 6. That (a) in the event of any brexh of this Mortgsge w default on the part of the MORTGAGOR, w(b) in the e~ent any of satd sums of money hrrein referred to be not promprty and tully paid within th~ity (30) days nea~ afrer the sam~ severa!ly become due aod payabte, without demand or notice, or (c) in the evero each and every the stip~lafions, sgreements, condifions and covenants of sa!d promi:w+y note and fh~s mortgage any or e7~her are no1 i~Iy, promptly and (ully performed, d~scharged, executed, effected, completed, cornpl~ed w~?h and sb~ded by, then in e~ther w any such event ~he sa~d ag ~ g~egate sum mentioned in said promissrny note the~ remaining unpaid, with interest accrved, and all moneys secured hereby, shall become due and pay- ao~e forthwith, w thereafter, at ihe option of said MORTGAGEE, as fully and complerely as if all of Ihe said sums of money we~e or~ginally s~~putared io be pa~d on such day, anyth~ng in sa;d prom~ssory note o. in this Mortgage to Ihe contrary notwithstand~ng; and thereupon or thereaftr~ at the op~~on of sa:d MORTGAGEE, without ~ot~ce or demand, suit at law a in equity, therefwe p thereaiter begun, may be prosecuted aa if all moneys secured Fxreby n;d maturcd pnor to rts institution. 7. That in the event that at the bcginn~ng of or at any time pending any su~t upon this Ma~~age, w to faeclose it, or to refo~m if, o? to enfo.ce payment of any tlaims I+Neunder, said MORTGAGEE shall apply to ihe Court having ~unsdiction theieof tor the appointment of • Receiver, such Courl shall io:ihwirh appoint a rece~ver of said mortgaged prope~ty all and s~ngular, inctvd~ng atl and singu~ar ~he income, proi~ts, issues and revenues from whatever source derived, each and every of wFi~ch, it being expressly understood, is F.ereby mortgaged as if speuf~cally xt iwth and desc~ibed in the granring and hjbendum clauses hereof, and such Receiver shall have all the broad and effective funa~ons and powers in anywise entrusted by a Court to a Receiver, and r ch appointmero shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and .vithout refere~ce to the adequacy or inadequacy oi the value of the property mortgaged or to the soivency or insolvency of said MORTGAGOR a the defendants, a~d that such ren~s, profits, incane, issoea and revenues shall be appGed by such Receive~ accord~ng to the lien or equity of said MORiGAGEE and the pracrice of such Court. 8. To duly, promptly and fully perform, d~scha.ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and th~s mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the !,'ORTGAGEE, its successwa and assigns, may, witFwut no+ice to the MORTGAOR, deal with such successw or successor in in!erest with refere~ce to this n,ortgage and the debt hereby secured in the same mannN as with Mortgagar without in any way vitiating a dixharging the Mortgagort' Iiab~Iity herr ' under or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearonce on the part of the MORiGAGEE w its successors = or assigns and r.o exrension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its tuctessws w au~gns, ahall operate ~o release, d~3charge, modify ~hange w affect the original Iiab~I~ty of the MORiGAGOR herein, either in whole or in part. 10. If is spec:f~caily agreed that time is of the essence of this cor~tract and that no wsive? of any obtigarion hereunder or of the obligation sr ~t cured hereby shali at any time thereaftr be held to be a waiver of the terms hereof w of the instrumznt secured herby. ~ 11. In addn~o? to the fore o n month! a ments o( rinc at and inrerest re uired b the rom;sso nore secvred hereb mort a or covenants 9 9 YPY P P 9 Y P ~Y y 99 j~.d agrees to pay to morrgagee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1,~12 of the annual cost of the follow- t ~ A-Afl real property taxes levied or assesseo aga~~st thc above desc•ibed real estate. ~ B-Prrrr.iums on fire and windstorm insurar.ce as here~n requ~red to be carried on the improveme~ts situate on the above d:scribed premises. t s C-Prem~ums on such morigage guaraniy ir.surence as mortgagee shall from t~me to time deem fit to carry on the loan secured he~eby. ~ Mortgagee shaii from time to rtme notify mortgagor in writ~ng of the amou~t due and payable hereunder and suth surn ;ha!~ thereupon be due and :~rab!e on the due date of the next month!y payment and each successive month thereaitrr ur.til mortgagee shall notify mortgagor of a change in s~ch k ~~:ount. Such sums sFail be app:ied by mortgagee toward the paymeof of real property taxes, insurance prem:ums, and mortgage guaranty insurance : g c+~miums. s N WIINESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year fir:f sforesaid_ ~ f~" ned, Sealed and deli ed in the presence of: C~ ) ? t~~ Ii 1 C' 1_ c2 _ 0:~Ii y7.sa.. Ji i ~ r~~(~ ~ / Sarah Ann Tuthill ~ ~ ~_IL~C (Seaq ~ (Sea4 ~ (Seaq i 5~ ATE OF FLORIOA 1 ~ ~ ~ COUNTY OF St • LLIC~@ ~ ~ ~ Bera~ me penonally appeared SSTS}1 ADfl ~ltiZ1~11, a sinqle adult ~ ~ ~ ~ b fc me .v~n -~~n w me to be ~ ~ rhe individual/ described in e~d who executed the foregoing instrument, snd acknowledged before me that ~~~C ~;~~.,fht purpoies = . ~ theiein exprtued. •i..~. ~ ~i ~ +t , 4 ~ ~ ' ~ _ WITNESS my hand and officfal xal this day o(f Jan~ ra~'J4~~ ~A, p, ~q ?2 _ , 7 , - ' •.Q~ = Notary Public in end fa~1 ~~bfr~rye ~ My Commiuion ~xpira: t~ ~ , . ~ ; Retum To: ,'nll~~ r~L't ~U(TE oi FtORIDA at LARGE ;=j Firar Federal Savings 3 loan Assouation M1Y -~IA~lSS~~N EXPIRES SEPT. 25. 1975 - O( Fort P~erte. BY ~1efIC~11 Bt11klfS I11S11f7I1Cg Cp. fo~t Pierce, Fio~~da f11~0 A~+D P.EC9l~DE> - ft. WGiE COtf~ ft~- _ RflGE^ ~OtTRAS ~ . = Cl„ERII C~'.CU{t COIIRi ~ = ltfrp~tn v£P~~~c4~ This Instrument Prepared By John W. Collins _j First Federal Savings & Loan Association 2 3~ PH ~~Z :•.y of Fort Pierce ~ Florida - Checked By,i~- 222849 t " # 800K i~ ~ l~s