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3. To plx~ ind continuously keep on the bui!dingi now o~ hereafter iituaq o~ said lu+d and on all equipment and perionally covered by this mor ,
sgs, w~th ~II pemiums the?con pa~d in iull, fire insurance ~n ~he usual sta~~dard polity fwm, in • ~um approv~d by the MORiGAGEE, and w~ndsro
~nsura~ce i~ tM usual standard pol~cy fam, Fn • sum ~pp~oved by ~he MORTGAGEE, in such company w compan~e~ as ~he M02iGAGEE m
diredt u+d all fire and windsto~m insu~~nce policie~ on any of iaid build~n~s, any interes~ therein or parl fhereof, in the eggrega~e i~m ~faesa~d
In ~xceu thereoi, ihall contair; ~he usual s~a~ulard mo~~gagee clause or such orher claus~ a: eM Mo+tgaqee may requ;r~, mak~ng ths loss under sa~d po
res, each and every, payabls ro iaid MORTGAGEE as its intereit may appear, ~nd e~cA and ~very ~vch pollcy ~hatt be p~omptly ass g~ed and delivered +
any held by said MORiGAGEE ~s further iecurity to said mortgaye debt, and, ~ot lesa than ten (10) days in advance of tt+e expirat~on of each pol~cy, ?o d~
~~~s~ to uid MORTGAGEE a~enewal thereof, foQetha with a rece~pt fw the premium ot such renrwal; and fhere shall be no f~re o? winds~or~n insuranc
p~aced on any of said buildings, ~ny interesl therei~ or part thereof, u~less in the form and with Iha ~oss payable as afaesaid; and in the evenl any sun
of mw?ey becemes payabte unde~ such policy a poGcies ssid MORTGAGEE shall hare the option to receiva and apply the same on account of the indrbtrd +
ness ucur~d hereby w ro pe~mit ssid MORTGAGORS ro reteive snd us~ lt w any parl fhereof for othc~ purposes, without th~n u~ waiving or ,n~palr
irg any pvity, lien or right under or by vir~w of this mo:t9aye; ~nd in the event sa~d MORTGAGORS shalf (o? any ~eason fai! fo keep the sa:d p~emises so
insured, o~ fai! to delive? ~xomptly any of uid polK~es of insurance to uid MORTGAGEE, a fail promptly to pay fully any pre~»~um therefor w in any ~
~espect fail to perfwm, d;scharge, execute, effact, complete, comply with u?d abide by thit covenant, or any part hereof, sa~d MORTGAGEE may piace a~.d ~
pay fw such inwrance w sny part there~of without waiving or •ffecting any oprion, lien, eqvity, or righ~ u~da w by virtua of this Mwtgage, and the
full amount of each and eve~y s~ch payment shall bs immediately due and payable and shall be~~ interest from the date thereof uroil paid at the rate ot `
nine per centum per annum and to~ether with such inte~es~ shali be secured by the lien oi this rtwrt9sge, ~
1. To petmit, commit or suffer no wasts, impairment or deterarstion of said property or any psA thereof.
5. To pay atl and tinyulu tM costs, chargts and ~xp~ns~s, ;ncludinq i resson~ble atrwney's fee and costs ot abstracq ot tiNe, incu?red w paid at ~
any time by said MORTGAGfE, because a in the evenl of the failure on the parl of tM said MORTGAGOR to duly, promptly and fully perform, d~xhargq '
execute, effect, comp~ete, comply w~th and ab:de by each and every the ~uputat~oas, agreemenrs, conditions, and covenanrs of is;d prom~ssory no~e and ~hi~
mortgage any or ei~hav, and sa~d costs, charges and expenses, each and every, shall ba immediately due and pay~bte; whether a not there be norice dr
mand, attempt to mllect or suit pend~ng; snd the full amoun! of each and evcry such payrrxnt shall bea~ interest from the date thereof until paid ae the
rate of nine per centum per annum; a~d ali said tosts, charges and expenses incurred w paid, togetFur with such interest, thall be secured by the lien of thii
mortya9e.
6. That (a) in the event of any breach of this Matgage o~ default on the part of the MORTGAGOR, or (b) in the ever~t sny of ss~d sums oi money
herein referred to be not promprty and fully paid within thirty (3p) days nexi alrer the same severalty become due and payable, withou~ demand w notice,
or (c) in th~ eveM each and every the :tipulations, agreemeMS, conditions and covenants of u;d p~omissory note and th~s mortgage any or either a?e not
~uly, promptly and fully perfamed, dixharged, executed, effected, completed, complied wirh and ab~ded by, then in e+ther o~ any s~ch event the said sg
gregate ium mentioned in said promissory note lhen remai~ing unpaid, with iMeresf accrued, and all moneys setured Fxreby, shall become due and pay-
abte forthwith, a 1Mreafter, st the option of sa':d MORTGAGEE, as fvlly and complerely as if aIl of the said wms of money were o~iflinelly st~pufated
to be paid on such day, anytAirg in sa~d promluory note w in th;s Mortgage ro the contrary notwithstanding; and tF?ereupon er fhe7eaher a1 the op~~on of
said MORTGAGEE, without notice o~ demand, suit a1 law w in eq~ity, therefwe or thereafter be9un, may be ptosecuted u if all montys secured he~eby
nad maturtd pnOt to iri insliWtion.
7. That in tl+e evcnt that at the beginning of or at any time pend;ng any su;t upon fhis Mortgage, a to foreclois it, w to refiorm it, or to enfwte
payment of any claims I+ereunder, said MORTGAGEE shall apply to the Cou~t having jurisd~a~on thereof fw the appo~MmeM of s Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property a(1 and singular, includ.~g ali and s~ngular the income, proFirs, issues and revenves from wharever E
source derived, each and every of wh~ch, it be~ng expressly understood, is hereby mongaged as ii speufically set iwth and descr~bed in the granring and +
habendum clauses hereof, and such Receiver shaH have all the broad and eifective funct~ons and powe.s in anywise entrusted by a Cou~t to a Recriver, and ~
such appointmtnt shall be made by such Co~rt as a~ admitted equity and a matter of absolute right to said MORTGAGEE, and without refere~xe to the
edequaq w inadequscy of the value of the property mortgaged o~ to the sonrency w insolvency of said MORiGAGOR w the defendants, and ~hat such
ren~s, profits, incane, iuues and (RVMUli shall be app(ied by such Receiver according Io the iien or equity of said MORTGAGfE and the pracrite of such
Court.
8. To duly, promptly and fully perfwm, dixharge, execute, effecl, complete, comply with and abide by each and e~ery the stipulatio~s, agreeme~ts,
conditiom and coverwms in said promiuory ~ote and this rtartgage set forth.
9. That in tF~e evem the ownenhip of the mwtgaged premises, w any part thereof, becvmes vested in a person other than the MORTGAGOR, the
MORTC,,AGEE, its successors a~d auigns, msy, withw~t not;ce to the MORTGAOR, dea~ wiih such iucceuor w successor in interest with retercnce to~ this
~~g+ge ~nd the debt hereby secured in th~ s+me manner as with Motl9agor without in s~y way vifiati~p a discharging the Mortgagori lisbility hera-
under or vpon the debt hereby secured. No sate of fhe premises hereby morfgaged and no fwbearance on the psrt of the MORTGAGEE or its successon
or auigns and no extension of the time fw the payment of the debt hereby setured given by the MORTGAGEE or its successors or auigns, uiall opera~e
ro release, dixhar~e, modify change a affM the org~nal t~abitity of ~he IHORTGAGOR herein, either in whole o? in pa~t.
10. It is specifically agreed thar time is of the eurrxe of thi~ tontract ar~d that no waiver of any obligation hereunder w of the obligation sr
cured hereby thall at any time thereafter be held to be a waiver of the terms hereof a of the inslrumeM secured herby,
11. In add~tio~ to the forego:ng monthly paymeNS of princ'pal and interest required by the prom~ssory note secured F~ereby, mortgagor covenanis
and agrees fo pay to mortgagee with each monthty payrnent ae add~rional sum esrimated by mortgagee to be eqw! to 1% 12 of the annua! cost of tbe foflow-
ing:
A-All real property ta:es levied a assessed agaiost the a6ove described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mwtgagee shall from fime ro time deem fit to carry on the loan secured he~eby.
Mortgsgee shal) from time to time notify mwtgagor in writing of the amount due and payable hereu~der and such wm shall thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter urtil mwtqagee shatl notify mortgagw of a change in such
amount. $uch sums shail be applied by mortgagee toward the payment of real prope~ty taxes, irtsurartte prem:ums, a,~d mortga4e guarartty insurance
p~emiums. ,
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his fiand and seal ~ ay and year first a said_
S~gned. Se+(ed a d delive ed in the presence of: ~
~
~
s~
~ (Seen
O
t ' (Seaq
0 (Seal)
STATE OF FLORIDA
COUNTY Of ~1~~~~
: eefore me penonally appearcd _ JSm98 Yaeonie ~O a,~ :
~ ,.,~,~,H• YSCOIIf.Bl10 }
his wife, to me well known and known to me to be
~ the individwls de~ri~-ieti-~nd,who execvted the foreyoi~g instrvment, and aduwwledyed before me that they executed the same fo? the purposes
rherein expres~i pn~t1M?a~td~__~ B. A. YBCOII~1.10
f ' Jamas Yaconiello ~
~ +Y~~e of tM said ,~1~ upon a separate and private
~ examination by rq~.tattei~ seperate _dnd "~part from fier said husband, scknowledged ro and before me that she exetuted said instrument freely and volum
; tar~ly and without ~ny compulsion;:tonskaint, apprelxns;on, or fear of or from her said husband.
W~TFJFSS ni~,h~nd and offic,?1 seA this da of 1'~SFC~1 2
' s. . Y A. D. 19 ?
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` ' Notary Publi in and for the State of F{orida at LarQe
t~elwr?'7~,~' .a My Commi expires: 3,~~) ~ t ~
'T 1
Firtt Federal Savings d. Loan Associat~on
Of Fort P~erce. ~
Fort Pierce, Florida Nptary Pubre. State of floarid 3~ 9~
My Comm+ss+c~ _ ~~e
This Instrument Prepared By .l. RObe2'ts~ dT. F1lED AND RECORDEO
First Federal Savin s 8 Loan Association ST. lUC1E COUMtY FIA. \
9 ROCER POITRAS ~ ~
of Fort Pierce g~O~de CIERK C:aCU1T COURT
~ REC~Rv YERIFIEO~
` Checked By .
f M+ut 15 il o? aM'7Z
°~~0 - ~sso~
ls
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