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To pfac~ a~d ca+rinuouily kep on ths bu~'d~ngs now a Aerc~h~r tin,~H on sa~d land and on ali equipment ~nd perso~aliy co.errd by r+,~s ma
sgs, w:~h ~II p~emwm~ rhereon pad ~n full, fire in~„rance ~n th+ uswl standard poi~cy fam, in ••~m tpp~ov~d b~ rhe MOR~V~VEE, d~~ +.~~duo
cnsuranct in ~he uwal seandard po~,cy ~orm, in a aum app~o~ed by rhe MORTGAGfE, in such ca++psny or co~++pan~es a~ ~~e MORiGAG:E m
duec?; and all firo and w~ndsrorm ~nwrance pol~c~e~ cn any of ia~d bu~id~~+y~, any iNereft the~ein or pait the~eof, i~ the +gg~rga~e sum atoresa~d
~n exccss Ihereof, shatl :onta~n the usual s~andard morrgagee c~ause w such o~iu? cia~se ai the Mo~~qagee m~y rcqu.r~. making ~he loa~ undrr •a:d po
c~es, each and eve~y, payab~e ~o sa~d MORTGAGfE as ~ts intrres~ may appear, and each and every •vch po~:cy ~hall b~ promptly a~s g~ed a~~d de ~:errd
eny held by sa~d MORTGAGEE as fur~hm security to said m~~yaye debt, and, nol leu Ihan ~en (l0) days in advance of tF~e exp~ra~~a+ of eech po:~cy. to d.
I~ver to sa~d AAORTGAGEE a renewal thereoi, to9e~her wrth a rcce~p~ fw the premium of such re~+.aF; and the~e shall be no f~~e or w~ndsro•..+ ~^•surenc
p~eced on a~y of sa~d buiid~~9s, any interest there~n or part thercof, ~nlcas in the form and wi~h the loss payaole as aforesa~d; a~d in the e~e~t a~-y s~n
of money becomes payab~e undt~ such policy a pol;ue~ sa~d MORIGAGEE s~wll Mve ~t~ op~~on eo recr~ve and appty the same o~ acco~m uf ~he u~drbied
ness secured ht~ebY or to perm~t sa~d MORTGAGORS to tettive and u» it p any part thr:eof tor o~ner purccses. v.:~ro~! th~.. u, wa~.~ ~3 a:•~o~~'
~~g any equ~ty, I~en w r~qht under or by vi~tue of thls mo-:g.+ge; and in the event sa:d MORTGAGORS ~hall fo~ any reason fa~l to krep rhe sa~d p~em~srs so
.nswed, o~ fail ro deliver prompHy s~y of said pot~ues of ~nsurance ro s+~d MORTGAGEE, o~ fa~I promptly to pay fwty any p~e~~~um ther.:fo~ or .~~v
resped Eail to pe~form, d:sthuge, exetute, effeU, Compieta, Comply with and ab~de by this cov~nanl, or any part hareof, said MURTGAG[E may p:acr a'o
pe~ fot such insuronce or any part thereof w~thout waiving Or affectiny any op~~orf, liln, equ~ty, Or rEght urtder ot b~ virtue of th~s Me+tg3ga, and the
f„II amount of each.and e.e~y such paymem shail be irrunediately dve and payable and sha(I baar inrerest from tFw dat@ thereof unrii poid at ihe rate of
~e per cenrum per ann~m ar.d to~ethrr w~th such ~nrr~est sha~~ be src~red by the lien of th~s mortgage.
t. To permit, commit w suffer no waste, impairmrnt w derarioration of sa~d property o? any parf lhcreoF.
S. To psy all and aingular the costs, charges and expenses, ~~cluding a reasonable atfw~ey's fee and costs of a6s~racts of t~tle, incurrzd or pa~d at
e~y time by sa~d MORTGAGfE, becauae o~ +n the event of rhe fa~iu~e on the part of ihe said MORTGAGOR ro duly, p~omptly and fully perform, d~acharga
erec~ta, eifect, complete, co~ply w~th and ab:de by each and every the st~pu'•ar~ons, sgrermrnts, ca+d~t~ons, and covenanrs of sa~d prom„sory no~e a^d rh~s
~:o~rgage any or e~~her, and aa:d cosn, charges and eiFenses, each and every, shaN be immed~atety due and payab:e; whether w not ther~ be no!~ce da
n,and, attempt to colicct or wit pend~ng; aod the fult amount of each and every wch pa~mem shall bea~ interest from the date thereo4 until pa+d at the
~~+e o~ n+ne per crntum per annu n; and ail said cosrs, Ghd'3tS and exprnses incurred w paid, together w~th such interest, sMll be secured by the hen of th~s
mortg~ge.
6_ That (a) in ~he event of any breach of this Mwtgage or default on the part of the b10RTGAGOR, u ib) in the event any of aa:d sums of ineney
herein referred to be not p.ompsfy and fully pald wirh~n ~huty (3J) dars nrat a~rer ihe aame sewaa:ty become due and payab!e, wnhou~ demand or nonca,
or (c) in the event each and every the st~putar~wn, agreements, cond~no~s and covenanrs of sa,d promiasory note and th~s mortgage any or e~~her are not
ivly, prompNy and futly performed, d:stharged, execvted, etfected, complcted. comp!;ed wirh and ab~ded Sy, then in e~ther o? any such event the sa:d ag
gregate sum ment~oned in aaid prom~ssory nore then ~emaining ~npa~d, with interest accrued, and a:t moneys secured hereby, shall become d~e and pay-
jo.e forthwith, w thereafter, at the opr~on of said MORTGAGEE, as fuily and completeiy as ~i all of the sa~d aums of mortey were a~gmaity sr~pu.a~ed
ro be pa~d on sucA day, anything in sa.d prom~ssory nofe or in thfs Mortga9e to ihe conrrary notwithatanding; and there~pon a thcrcafter ar ~he opnon of
sa,d MORTGAGEE, w~thout nor~ce or demand, suit at law a in equrty, the~efore or thereairer beyun, may Ix prwECUtsd as if ~U moneys secwed hereby
r,d maturtd pr~w ?o ~ts ins~itvt~on.
7. That in the event that at the beginr~ng of or at any time pend~ng any su~t upon ~his Morigage, a to foreclose it, or to reform it, o? to enforce
~a;ment ot any c~a~ms hereunder, satd MORTGAGEE shai! appty ro the Cou.~ ha~~ng ~u~~sd:ct~o.~ thereof fa~F~e ~ppo~n?n.e~t of a Receiver, such Coun :fiai!
ic: rhwith appo~nt a me~ve~ of sa~d mortgagrd property aIl and singu.ar, includ~ng ail and su,gu~ar the income, profAS, iuues ar.d revenues from whatever
s:•~rce derived, each and every of wh:ch, i~ be~ng expressly u~derstood, is F,ereby morfgagrd as if spet~fica;ly set forih and descnbed in the g~ant~rg and
h3eendum tl~~ses hereof, and such Receirer ahail have a11 the b:oad and effecr~ve funce ens and powers in anyw~se e~rrusted by a Covrt to a ReceiYer, a.:d
s_ch appointme~~t shali be made by such ~ou~t as an ad~n~tted eq~~ty and a matter of abso~ure right to sa~d MORTGAGEE, and v.rthcv? reference to the
a~~~q~acy w inadrq~acy of the value of the properry mortgaqed or io the so~ve~cy or ~~so~.rncy of sa~d MORIGAGOR or the defrndants, and rhat such
re~~s, protits, iocane, iss~es and revenues shall be appl~ed ty such Recave~ accord~ng to the lien or eq~rty of sa~d MaRTGAGEE and tne pract~ce of such
Court.
8. To du~y, prompt:y and fully p~rform, discharge, execute, eifect, compiere. comply with and abide by each and every the stipuiatiens, ayreements, S
conditans and covenanrs m u~d promissory nore and m:s mortgage set forth. j
9_ That in the eve~t the ownersh~p of the mortgaged prem;ses, a any pan thereof, Eecomes vested in a person o'her than the MORTGAGOR, the ;
ti•.ORTGAGEE, its s~ccesscrs and auigru, may, without nouce to the MORTGAOR, deai w~rh svch wccessor a successor in ~nterest with reference to this
~-.e~tgage and the d°bt he.eby sKUred in the same mannef as with Mortgago~ w~thovt in any way vit:ating Or discharging the Nbrtgagori liability herr !
;;nc3er or upon the deb~ hereby secured. No sa!e of the pem~ses hereby mortgaged a~d no forbearance en the part of rhe MORTGAGEE or its successors ?
o~ ass~gns and no exrens~on of the t~me fw rhe payme~t ot the debt he~eby sec~~red given by the MORTGAGEE or its successors w ass~gns, ahall operate ;
ro re~ease, d~uharge, mod~fy change o~ affect the orig~nai Gab.i,ty of the MORTGAGOR he~e~n, either in whole o~ in pa~t ~
10. It is spec~ficatiy agreed that time is of the essence of thia contract and that no wairea of any obligat~on hereunda w of the obligation se- ~
cu~ed hereby shal~ at any nme thereafter be he:d to be a wa~ver of the terms hereof or of the insn~ment secured he~by.
11. In add,~:o~ fo rhr forego ng monrh!y paymenrs o.` princ aai and enrrrest req~~red by the prom sso~y no~e secured hereb~, mertgagor covenanrs
d agrces to pay ro mo-rgagee v.irh ea:h monrh~y par~ ent an aad,~iona~ su~n esnn-ared by mortgagee to be ea~ai to l, 12 of the an~ua: cost of the fol{ow-
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E A-All real property ~aaes lev~ad w assesscu aga~^st fhe aoove desr~bed real es:ate. ~
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j B-Pram~ums on f~re and wir.dsrorm inw~a°cr az ne:e~~ requ:red to be ca~ned e~ the Improveme~ts s~tuate on the above descr.bed premises. $
E C-Premwms on svch morr~age gua~anty ~r.wra~.ce as morfgagee shat: froT r me ro nme deem fit to carry on the loan secured hereby.
S Mo~tgagte sha~l from t~me to t~me notify morryagor ~n writ~ng of the ar~-.ou~t due and payable hereundrr and such surn sha{1 thereupen be due and
4 : 3vabte on the due date oi the ne~r month!y payment and each s~ccess~ve ~ro~rh ~i,ereafrer ur,til mortgagee shatl not~fy mors~agor of a char.ge in such
~ ~~~unt. Such sums sha.l be appiied by morrgagee roward the payment of real p~operty taxes, inwrance prem:ums, a~~d mortgage guaranty insurance
F
- ,_-~miUms.
r IN WITNE~S WHEREOF, the sa~d JMOR~GAGCR has hereunto set his hand and seal N~e day d year first afwesaid.
~ Sea:ed and livared in th preunce~of:
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S?ATE OF fIORIDA
~ St . UuC ie ~ ss.
~ c~uvrY oF
~ Joseph F. Corso and
Befwe me penonally appeared
~ ~~@ A• ri02'$O his wife, to me well known and known fo me to be '
thr ind~vidwls described in and who executed the foregoing instrumeM. and acknow{edged befwe me that they execured tM sarr» fw the purposas.. ~
~ MSA A. ~
g- the~ein exprea~~d_ Md the saia Ci02'30 ~ ?
upon a xparate: and, priirtt i
e'~ ,~;fe of the ~~a _ Joseph F• CiOY'SO ~
e.am~nat~on by me taken xparate and apart from her said husband, ackrawledged ro and before me that she execu+ed said instrument~fro~ir ant~ volvn-
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ran;y and w~thout any compulsion, constrainr, approhens.on, or fear of or from her sa~ husband.
' WITNE55 my hand and official seal this_ gt•~'1 • day of__ ~6 ~8 "/4~D. "C~~
:=Y ~ . j_- - _ .
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Notary Pub7ic in ar+d for t State off3dtid~t lar~~ i
My Comm~ssion txpirn: 1~~ C"'7~. '
Re?urn To: J ~ , '
° Fint Fede:al Savings ~ loan Associat~on _ "
- Of Fort V.e:ce. ~
F1' ED ~~~ED
Fort P~rrce. F:orcij ~ - ' ` ~
ST ~JC ~;lA
^i f, t- _;:uRT
. This Instrument Prepared By E. BTa1:t:
_ First Federal Savings & Loan Association ~EB g iL u$ ~n'
- of Fort Pierce ~ Florida
Checked By 22~9aS
~ooK~g9 P~~159,5
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