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To place and cont~nuou~iy ?ccp o~ the b~~'d~^•g~ norr or Aereafter ~~tuate on sa;d land ar,d on alt eq~~p.nen+ a~d perso~al~y cover~d by tF.~~ mw
~gs, w~th •11 p~em~umi thereo~ pad m full, fire ~~~s~~ance ~n me uwet sre~~a~d po.cy form, in ~•:.m app+o.ed by rl~: MOR•:r.~GEE, ard w~~dito
insurance in the usust ~randard pot.cy form, in a a~m approved by ~he MORTGAGEE, in s~ch compa~y or co~nran•es a~ ~he MO~t1GAG:E m
duec~; and alI fire ard. w~nclsform ~n~uran<e pol~c+e~ on any of sa~d b.,~,d,ny~, any interev therein or pan thr.eof, in the agg~ega~e wm afc~esa+d
in excess thereof, ihall cootain ihe uaual sta•~dard mo<<gagee uause or such otiu~ cleuse as the Mor~gagre may req~.re, m~k~ng ~he iois w~de~ ~.+d po
c~e~, each and evtry, parabl~ !o sa~d A1pRTGAGEE af ~ts in~ereat may appaar, and each and every suc?+ po'~cy ~hall be p~ompt~y ass g~ed and de ~~errd ~
er,y held by ~a~d MORTGAGEf as fur~hrr security to sa:d mortga~e debt, and, no? less than ?en (.Ol d~~s in ad.~~~ce o+ ~hz eaprcaT~on ot e~ch po' cy, to d.
I~~er to sa~d MORfGAGEE a renewai thereof, toge~her w~rh a rece~p~ for the prem~um oi su<h renewai: and ~here shj;l or n.~ fue o~ +~~~~as~c-m ~ns.,ranc
placed o~ any of said b~~!d~ng~, any ~nrerest thera~n or pa~t thereof, un'ese in tht form a~d w~th the ~oss payeb;e as aforesa~d; and ~n ihe eYen~ a~y su~ ,
of money becanes payable un~er sLCh policv a po~~cies said MORTt:,AGEE shalt heve ~he op~~on to rece+.e and app'y tne sa,»e o++ acco~~t of the indrer~•d
ness secured hereby o~ 1o perm~t sa~d MORTGAGORS to rece~ve and use it or any pa~r ihe-eof ior c:~+•^ cu~: ~~r,. .:.!^o..~ 'h"•-~:
~~g any equ~ty, lien or right under a by virwe of thif moc'gage; and in the event sa,d MORTG~GORS s!~a!1 ror any reaso~ fail to kerp fhe aa~d pem~ses so
inwred, or fail to deilver ptomptly any of said poGcies oi insurance ro sa:d MORTGAGfE, or fa~! p:Jmptly to pay f~:ly any pre ~:~~m therrfor or ~n a~~y
respecl (sil to pe~form, d!scharge, eaewre, effeU, comp~etr, comply wirh a:+d abide by th~s covena~:r, or any Qar~ h~rrof, sa~d MGR? _:~G:: m~y p~acr a o
pe~ fw such insurooce o~ any pari thereof wahou~ waiving or affeuing a~y opt~on, iien, eq~:ty, or ~~3h~ ur,dar or b~ v~rtue of :h~s A!crt3iye, and rh~
f~il amovn~ of each and every such paymant shall be ~mmediately due and payable and shail bear inte~est from tha dafe thcreof unhl pa~d ai the rate d
~~~~e per cen:~m per annum and ro3rthrr v.ith such ~nter~sr shati bc srcured by the Gen of th~s morrgage.
4. To permit, commit or suffer no waste, impairment or deterioratio~ of said property o~ any part thereof.
5. To pay all and singular the coats, charges snd eipenses, including a reasonab!e attorney's fee and costs of abstracts o( t~rle, ~~curred o~ pr~d a~
jny time by said MORTGAGfE, because w in the event of the ~a~iure o~ ~he pa~t of the sa~d MORTGAGOR to duly, prp!nptly and fully perform, d~scherge.
e.ecu~e, effea, compkre, comply wnh and ab de by each and every the s~~pvlar:ons, agreamenrs, cond~nons, and co~e~ann of sa~d prwn:swry nore a~d eh.s
,:orrgage any w e~~her, and sa:d costs, charges and expenx~, each arx~ every, shail be immedearely due and payab:e; v.he~he~ or not there be no~~ce d~
mand, atrempt to collect or svit pend~ng; and the ful! amount of each a~d e~ery such paymeni shali bear i~trrr:t from ihe dare th~reof unrii pa~d at rhe
_•e Ji nine pe~ centum per anncrn; and all said casts, cha:ges and ea~enses rnc~rred o~ pa+d, togzther w~th such interest, ~hal1 be securrd by the I~rn of th~s
mortgage.
6. That (s) in the event of any breach of ?h~s Mertgage w default on the part of the MORTGAGOR, or ~b) in the event any oF u:d sums of money
hr.ein refened to be not prompr?y and fully paid w~rh~n th:rty i301 days nexr a~rer the same se.era'ty t~ecome due and payable, w~thou~ demand or not~ce,
cr (c) in the eveN each and every the stipulano~s, a3roements, cord~r~o.+s and covenants of sa d p:om~ssory nose and th~a mortgage any or e~ther a+e no~
i~,y, promptly and f~lly Ferformed, d~scharged, eaecutcd. effected, completed, compl:ed wEth and ab~drd Sy, then in other or any wch event the sa~d ag
~regate s~m menrroned in saed prom~sswy note then remaining unpa~d, w~th iniere,~ accrued, and a~l moneys securcd hereby, shal: become due and pa~•
ao.e forthwith, o~ thereafter, at the op+,o~ of sa~d MORTGAGEE, as fuily and compiefe:y as il ail of tfee sa~d s~ms of money v~ere or~g~na:ty s~~p~.ared
re br pa,d on such day, anything in sa d prom~sso+y note or in this Mo~tgage to the conrrary narvvrths~and:~~g; and tl~erevpon or thereatrer ar tht opt~on of
s~ ~ MORTGAGEE, without nonce or demand, avrt at law or in eqv~ty, therefore or thereafrer begun, may be prosxuted as if all moneys szcered hereby ;
c,d maWred pnor to d~ institvhon. '
7. That in the e~ent that at the beginr. ng ef or at any t~me pend~ng a~y su~t upon this Mertgage, w to fo~ectcu it, or to reform it, or to e~force
, ayment of any c+aims here~r.der, sa~d MORTGAGEE shait app!y to the Ceurt having ~u~~sd:c~:on thereo4 for ~he appo~nrment of a Rrce:ver, wch Court shail
r;;~rh~irh appoim a receiver of safd mor.gaged property all and singvlar, inr,~,d ng a~l ard s~ngu~a~ the ~rcome, prof~ts, issues ard rcver.urs from whataver
s, :•ce dari~ed. each and every of wh:ch, ~t be~ng exp~essly undersrood, is ~ereby mer~gaged as ~f spec:f~catly xt forh and descr~bed in the g~ar.t~ny a~~d
h3oendum clavses herzof, and such Rccziver sha~I have ail the br;,ad ar.d effecn~e funr..ons and powen in anyw~se entrusted bY a Co~rt to a flecai~er, a•~,d
s..h appeinrment aha!I be made by s~ch Covrt as an ad~n~tted equity and a matter of a~soiure r~gFU ro sa~d MORTGAGEE, and w~:ho~t refere~tce to the
ad~quacy o~ inadeq~acy of thE value of the prope.ty mor~gaged or to the so.~ency o~ inso!vency of sa~d MORTGAGOR or the defendams. and ihat such
rr•~+s, profits, incane, issues and revenues shail be app~ied by such Rece~~er accord~ng to the Gen or equ~ty of said MORiGAGEE and the practice of s:<h
Court.
8. To du!y, prom~tly and fufly p~rform, d~scharge, execufe, effecf, complete, comply w~th and abide by each and every the stipu~atio~s, agree~nents,
;or,ditions and eovenants m sa~d prom~ssory noee and th;s mortgage :rr forth.
9. That en the event the ownership of the mortgaged p~ert,:ses, or any part tnereof, becomes vested in a perwn other than the MORTGAGOR, the
1'JRTGAGE~, its successo~s and ass~gns, may, w~ihouf nor~ce to rhe h10RTGaOR, dzal w~!h wch successo~ or successw ~n ~nteresf w~rh reference to th,s
o•tgaye and the deb~ ~ereby sec~red in the samr manner as with !.lortgagor w,thout in any way vit:atir.g or d~xharg~ng the Mcrtgagors' Gab~~ity herr
;~^der a upon the debt hereby secured. No ss;e of the Frem.~ses h~reb~ ~norrgaged ard no fo~bea~a~ce on the part of ~he MORTvAGEE or its successors
ass~gns and no exrens~on of the nme for ihr payme~t of tne de5t he.eoy secured 9~ve~ by the MORTGAGEE or its successws or ass.gns, a~+ail operata
ro re!ease, d~scha~ge, modify cnange or affect the orig,nal (iao:l~ty of rhe MORTGAGOR ixre+n, eirher in whoie or in part_
! ~ 10. It is apeufi,atty agreed rhat time is of the e:sence of th~s conrrac! and that ro waiver of any obl:gat~on hereunder w of the obliqation se-
c•.,rrd h~reby shali a? any tin,e tnrreafter be he!d to bt a wa~ve~ of the terms hereof or of the instru:nenl sewred herby_
~ 11_ In add:~~o~ to the fwege ng mc~r,th!y paym~nts of pr~..c pal and ~nreres~ requ~red by rhe pfomisscry nore secured her~b/, mort~agor covenants
~ +~.d ag.ees to pay to matgagee w~~h each mo+~!h'y pay~:-ent an add~~ionat sum es~ n,ated by mo~tgagee to be eGua+ to 1. 12 of :he anrual cos! of the foiiow- -
„3: ~
~ A-All real property taars lev~ed or auessed agai~st the above desc~~bEd re•aI esrare. #
~ B-Prem~ums on fire and w~ndsio-m insuracce as here;n requ:red to be ca.ned c~ th? .mprOV~m2•Sti s~tvare on the a6ove dex~ibed premises. ;
E C-Premiums on such rcortgage g~aranty insuracce as mo~tgagee sFw~l fro~ t r-~e to t~.ne deem fit to cany on tne ban sec~red hereby- ~
i
~ Mortgaqee sha:l from nme to ,~me ~ot~f; mcrtyagor ~n wnt~ng of tne a~ro~~t d.;r ard parab~e hereundrr and such w~n sha~l thereopon 6e due and
~ j.able on the due da+e of thr ~ +~~onth:y paymenr and each succrss~ve T~onrh rhereafr:r ucti? mortgagee sha't not:fy morrgagor of a cnange in wch
~ ;unL Such sums sFaii be app rd y mortgag~e roward fhe parme~t of real properry taxrs, insurance prem.ums. and mortgage guaranty insurance
' em ms.
~ P! \YITNESS EREOF, !h sa RTGAGOR has herevmo set h~s hard and seat the day and r first af aid
i , $ea detive in
~ ` ~ Seap
i tnQSS . eGa o cseso
~ ' ~ C (Seaq
i ess ose rie arso ~~ai~
~ ;TaTE OF FLORIDA N&W Y~ORK
SUFE`OLK ~
~JUYTY OF - ~
n
~ Before me penonally aP~r.ed ~ John F• DeGaraO snd
~ _ Ros e Mar ie DCCdZRO his w~fe, to me well known a~d known to rt+e to be
~ she individuats described in and who executed tl?e f«egoing instrument, and acknowledged before me that they executed the same fw the purposes
~ Roae Marie DeGarmo
!he•ein expressed. And the said_
i .TOt1T1 F. ~@~iat'a0 , u n e se at u+d ivat~
~ r.:.a of the said - Do Py 4 P~
~ ~.am~nanon by me taken separate and apart from her sa~d husband, atk~owledged to and before me that she execvted said 'mstsu~nenl fre~ly a~td Yoluo-
^r' ra-~ty a~d w~rhout any compvlsion, consrraint, apprehens:on, or fear of or from her sa~d husband_
x~
WITNESS my hand and off;ral seal this__ _ day of 'J~u~ _ ~ A. 0. 19 ~Z
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= No ry P~b~ic in s r the St -Of~~a.ii~[ye
My m~ssion eapire *~~w i0~~-+° .
- R«~~~ ro: Marc h~ ~ I9~~~ .
F~rst Federal Sa.ings 8 Loan Assxiat~on f
-
` Of fo!T P r~c_
- Fort F~ercr. f'unda
flL:o:~+: °E~O+~OEO
ST LG: - 'ON(Y fU
a~•~ .ads
r~ ~ _ ~ ~?'J81 hliv
F>:-:
= This Instrument Prepared By Wm. B. Braun
- First Federal Sav~ngs 8~ loan Association ~
of Fort Pierce, Florida ~ 2~ P.H 7Z
Checked BY
y4 ~
223485
aoo~ 199 ~14~ r,~
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