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3. To p~xe a~d cont~nvously keep on ~he b~~'d~gs now or herrafie~ •~tuafe on sa~d land and on al; eqoip~nent and personaily cove.ed by ihis mo~
sge, w~th •11 prem~ums thereon pad m 1~(I, f~re ~r.surance ~n ~he uswl s~ondird po:~cy iorm, in •:um aFp~o+ed bt ~he h1UR~vAVEE, and w~~ds~o
~nsurance in the u~wl s~andard po:.cy 1orm, in a wm appro.ed by ~he AtORTGAGEE, in such con~pany or compames as ~he k•.ORIGAGEE m
d ~ect; and all fire er.d wmdsta~m inwrance po:~urs on any of sa~d bu~id,ngs, any ime~ast there~n or pan the~eo~, in the aggrega~e sum atoresa~d
excess thereof, shalt ;onrain the ~wal standard mongagre ctause e~ such othe~ dause as the Mortgagee may req~,ro, ma\~~g ~he ~oss under s~~d po
c;es, each and everv, payab'e ~o ia~d J~10R?GAGEE as ~ti ~nterest may appcar, and each and every such po:.cy sha~l be prompuy assgnrd and de~~~e~ed ~
an~• held by sa d MORIGAGEE as fu~ihar secur~ry ro sa~d rno~igage drot, a~~d, nor tess ~han ~en (10) da~s ~n ad~ance of ~ha e¦p~~at~on of each po:~cy, ro d~
~ ver to sa~d MORTGAGfE a renev.a~ thereof, toqerher w~ih a rrce~pt fo~ the prem~um of such renewal; and ~hert shail be ~o f~re or wu.ds~o•m insuranc
p~~ced on •ny of sa~d b~~!d,ngs. any intr~est thero+n or part thc~eof, un!eas in the form and wnh the :oss payabie as afo.esaid; ar.d in ihe e.ent any w~
of rrwney becomes payat~e u~de~ s~ch poiicy or pol~ues said MORTGAGEE shall have rhe op~~on ro recaiYe and app!y the sa~ne on acco~~~r ol the ~~~drbi~d
neas setur~J hereby or to perm;t sa~d MORTGAGORS to rKeive and use it a any parl the~rof io~ ori,~~r pu~p ~ses. .•.:~ho.,t thr~ ur ~3 or .=~p„~'
~nq any equrty, Gen or ri9ht under o~ by vlrwe of th~s mo:tgagr; and ln the evem sa.~ MORTGaGORS ah~Il for any ~eason fail to krep nc~ sa~d p~em~srs so
;niu~ed, o~ fail to del~ver promptly a~y of said poGc:es of insurance to sa:d MORTGAGEE, or fa~~ p:ompfly to pay tuily any pre n~~•cn ~herelw or in a~y
respect fael to perfo~m, dacharge, exzcute, e{fect, comFlerr, comply witA and a5~de by th~s covenan?, o~ any par+ hrreof, said MUR?vAGEE may p~ate a o
pa~ for wch inwronce or any part thrreof w~thout wa~ving or affecting aoy opt~on, lie~. equ~ty, or n3h! under w by virwe o1 ih~s hlortgage. and thc
f~.~t amovnt of each and e.ery wch payment ~halt be ~mmediately due and psyable and shail bear intereat from the date the~eof unt~l p.,~d at the ~ate ol
~~~e per centum p~r ann~~n and to3rth~~r wifh such ~nte~cst shat~ be a~~cured by the Gen oi th~s mo~tgege.
To perm~t, comm~t a suffer no waste, impairment w deter~orat~on of se~d property w any part thereof.
5. To pay sll and sing~tar the coats, charges and expenses, ~nclud~ng a~easonab!e attwney's fee and coses of abstracts o( title, incuned o? paid at
eny ~ime by sa~d MG'RTGAG:E, because w in the event of the fa~Iure on the part of ihe said MORTGAGOR to d~Iy, piompt~y a~d futfy prrfo~~n, d~scnarge
e.rc~te, effcd, tomp:ete, compty w~th and ab de by each and eve~y ihe st~puta~~ons, agreemenh, conditions, and cove~~anrs of sa~d prorn;sso~y note a~:d ~h~•
,,o: rgage any or e~~her, and sa:d costs, cha~ges and expenses, each and every, ahall be immed~ately due and payabie; whe~her or not there be nonce da
n,and, attempt to co.lect or wit pend~ng; and the iull amount of each and e~ery svch pa~ment shali bea~ interost irom the date thereof unril paid at the
~~~e oi ~~ne per crn~um per an„c~n; and a~l sa~d ccs~s, cna~ges and ex;,r~~ses ~ncurred or paid, together w~th such interest, shall be secured by Ihe tien of th~s
mortgagO.
6. That ia) in fhr evertt of any breach of this Matgage or defaulr o~ the part cf the MORTGAGOR, or ;b) in the event any of sa:d sums of money '
herein refe.red to be not ~rompf;y and fully pa~d with~n ~h.ny ;30i days nexf a~rer ~he sa~ne seve~a:ty becomz d~e and payab!e, wi~hou~ demand o~ nor~ce, t
er in the evero each and every the S1ipu~al~on3, agreeme~tt, cOnd~t~ons and covenants of sa d promissory note and tFn mortgage a~y or eifher are no~ 1
iuiy, promptly and fulty performed, d.scharged, exec~ted. effected, tomplettd, compi~ed wnh and ab~ded Sy, lhen in e~ther or any such eve~t ~he se~d ag
3~egate sum mennoned in sa~d prom~ssory note then remam~ng unpa~d, wifh ~ntere;t accr„ed, and a:t moneys sewr~d hereby, shall become due and pay-
ec.e for~hwith, or thereaf~e~, at the opr~o~ of sa~d h10RiGAGEE, as fully and comp:rtely as if a~i of the said sums of money were o~~gina~ly st~p~:a~ed
~e be pa:d o~ such day, anything in sa.d pro;n;ssory note or in this Mortgagr to the con~rary notw~~hsra~d~~.g; and ihereupo~ o* thereafter at the op~~on of
sa.d MOATGAGEE, v~rtho~t nor,ce o. demand, suet at law or in equ~ry, ~herefore or thereafter begun, may be proxcuted as if all moneys secured hereby ~
r.,d maturtd pnpr fo Js institut~on. ~
7. That in the event that ar the beginn~ng of or at any t~me pend~ng any su~t upon th;s Mortgage, or ro foreclose it, or to rtform it, or ?o enforce
F3y'T~t~11 of any cia;ms ke•eunde~, said A10RTGAGEE sha~t eppty to the Co~~~ havin9 ~unsd.ct~on thereof for ~he appomtmem of a Receirer, wch Court shall
ic•rhwith appoint a rece~~er of said mortgaged property ail and singu:ar, inc'~d ng ait a~~d s~r,g~tar the ir.come, profus, issues a~d rever.~es from whateve~
s:~•-ce dr~~ved, each and every of wnch, ~t tx~ng expressty unde~s~ood. ia hereby mo~Tgaged as ~f spec~f~ca;ly set for~h and descr~bed in the granring a~d
h3bendvm ciauses hereof, a~d wch Rece~ver shat; have a1I the broad and effec•~ve funcr.ens and powers m anyw~se entrusted by a Court to a Rece~~er, and
s~_h appointmeat ahall be made by svch Co,,rt as en admitted equity and a matter of absolute r:gAi to sa~d MORTGAGEE, and wifhout reference to the
a::eqvacy or inadrqwcy of the val~e of the property mortgaged or to the so..•ency or ~nso:venc~ of sa~d MORiGAGOR or the defe~~dants, and that such
~s, profits, incane, issues and revenues sha~l be app~~ed by such Recr~ver accord~ng to ~he Gen w equ~ty of sa:d MORTGAGFE and the practice of such
Court.
8. To d~ly, p~omptty and fully perform, d~scharge, cxec~te, effett, complete, comply w~th and abide by each and ev~ry the stipufations, agrcements.
ccnd~t~ons ~nd covenanr~ ~n sa~d promissory note and th~s rnortgage set forth.
9. That in the event rhe ownership of the mortgaged prem~ses, or any part thereof, 6xomes veated in ~ person other than the MORTGAGOR, the
:'^RTGAGEE, irs wccessors and ass~gns, may, wi~hout no+ace to the MORTGAOR, deal w:fh such successor a successor in interest wnh reierence to thi~
^ a•~gage and the deb~ hereby secu.ed in the same manner as with Ntortgago~ w~tlw~ut in any way vit;ating or d~xharg~ng the Mortgagors` liability i~cre-
. r.de~ or upon the drbt hereby secured. No sa.e of ihe Frem~ses hereby mo.tgaged and no io~bearance on the pa~t of the MORTGAGEE or its successon
c• ass~gns and no exre~s~on of the t~me fw the paymem oi the deb+ hereby secured given by the MORTGAGEE or its successors w au+gns, a.~all operate
ro re~eese, d~scharge, modify change or affect the orig~nal iiab~Gty of the MORiGAGOR here+n, either in whole w in part_
1G. it is speuficahy ag.eed rhat time is of the essence of tnis con~ract artd that no waiver oi any obligat~on hereunder w of the obligation se-
cured hereby sha~i at any nme thereafter be he:d to be a waiver o( the terms hereof w of the instrument secured herby.
11. In ~dd r.o~ to ehe forege ~:g month~y pdyments of pnnc pat a~d ~nreres~ requ~red by the prom ssory no~e sec~red hereb~, mortyagor covenants
~ d agr_es so ~ay to :r.orrgagee v,.~:h each mGr,th`.y pa~r ~.ert an add,~~onal sum es: ~,ared by rnortgagee to be equaf to 1;' 12 of the annual cost of the totlow-
f
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~ A-Ait real proper.y ta¦es lev~~d or assessed ag3~~sr thc above desaibcd real esrate.
B-Pre^.~ums en fi.e and wir.dsro~m ~nsu.a~ce as here~n iequ~~ed to be ca..~ed on the :mproveme~ts rtuate on the above d=scr~bed premises_
~ C-PreT~~~~.s on svch mortgege gvarar.ty ~eswa~.ce as mo•tgagee sna~l fro-~ r me to ti•ne deem fit to carry on the loan sec~red hereby.
Mortgagee s'^.a~~ jrom ome to nn,e nonfy mortgagor ~n writ~ng of the amo~m d~e and payable hereundrr and such sum shall thereupon be due and
! .~.able on the d:,e da!> of rhe next month: j payment and eacfi successive mon?h rhereafter ur.t~t mortqagee shatl nonfy mo~tgagor of a change in wch
- ~~nt. Such sums s~a.i oe applfra by morrgagee ~aeard tne pa~ment of real property ta~es, insurance prem.ums, and mortgage guaranty insutance
' . ~emiums.
> IN YIITNESS :VHEREOF, the sa~d lAORTGAGOR has bere~~to set his hand and seal the day a~d year fi~s1 atoresaid.
~ ,$ealed and li e in e presence of:
i ~ ~ h1lZ+ O~ Seal)
.
~ (SeaO
~ (Seaq '
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(Seal) ~
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~ S ~ ATE OF FLORIDA '
~ ~our~nr oF St . Luc ie j~~
- Leonard H. Schilke
~ Before me pe~sonally appeared and
~ Ethel L. SC~111 e his wife, to me well known and known to me to be
ti:e individuats desu~bed in ar~ who executed the fwegoing instrumcnt, and acknowledged before me that they executed the same (w the purposes
rherein expressed. And the sa~d_ Ethel L.. Schilke i
~ fe or ~?x said Leonard H. Schilke '
upon • sep~rate and private
e.am~nstion by me taken separate and apart frcm her said husband, ackrawledged to and befwe me that ahe eaecuted uid instr~~vf~?~}t fleely, and volun-
~ ~a-;ry and w~thout any compulswn, constraint, apprehen or fear of w fiom her said h~sband. -
' WtTNESS my hand and o'.fi:ial seal this_ ~ day of February ' a ~.~,~9~~
~ . .
r~ No ry Public in and or 1 Stat~ of ft~orida at lqqe ;
My Commission eapires: " ' - -1
Ret~~m To: f, ~"L~t ~ST ~A~ .
First Feder~l Savingf d loan Assxiation t~'~TL.P.Y F'-%~•: ` ` ~l ~ ~t~]!3 .
Of furt P ercP T.'! ~.:ti~ - L':.s.i.:i.:iRl7EF~Ei (N('..
GcP.zitP.L fi..-~•
Fo~t P~erce, f:or;dj 3~ ~ ~/f
; ~ 22~339~
- FIL~D ~4~~ RECORDEO
ST LUCi_ C~OMTY f~4,
~v This instrument Prepared By RiCha rd K. Kayes
= First Federat Savings & loan Association~ ClE ',CL'tT C URT
of Fort Pierce ~ F10Tida QF~'iA~ =~FJ~~
_ Checked By ~E8 j ~ 25 PM ~11~,,~/i~Lj
~ O*r
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- go~~99 ~i318
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