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3. To place and contin~ously keep on the buitd~ngs now a hereafta ~ituats on said land ~nd on ~II equipnxnt and F~~sonally cover~d by thii mor
age, with ~II premiums thereon pa~d in full, fire insurance in the uiual sranda~d poticy form, in a sum approved by tM MORiGAGEE, a~r! wind~to
in~unnc~ in ~h~ usual atanda~d po~+q fam, in a sum app?oved by the MORTGAGEE, in such compa~y o~ c«++Wn~es as tM MORTGACsEE m
s!~ ~.-a ~:~!~e~ er.~_••a~ce policies on any of said buildings, +ny interest therein w parl thereof, in 1he aggrepate ium afwesaid
in exceu thereot, shall contain 1M usJal standard mwtgaqee claus~ o~ such o1he+ clause as tM Mortyages may requ'u~, makir?q the loss unde~ ss~d po
cies, each and evay, p+yable to said MORTGAGEE as it~ interest may appsar, and each ~nd every iuch policy shall be promptly au.g~cd and de~ira.'d '
any heW by said MORTGAGEE as fu~ther ieturity to sa~d mortgag~ debt, a~d. not leu than ten (10) dsys i~ advance of the expiration of e+ch poliq, to d~
live~ to wid MORTGAGEE a ~enewal the~eof, topethN with • rece~pt fw the premium of sucti •«+ewal; and ~here shsll be no fire or windsto~m insuranc
pl~ced on ~ny of said buildings, any interest there~~ or part thereof, ~nleu in the fam and with ~he lou payabk ai afaeiaidJ and in ~he evenl any su~
of money becomes payabte ~nder such policy or policies said MORTGAGEE ~hall Mve ths option ro receive and apply the same on account of the indebted
neu sc~cured hereby a ro permit said MORTGAGORS to reuive and vss it w+~y part thereof for osher purpases, wi~Fw~t thweb~ waivi~y w unpa~~
ing any equ~ty, lien w right under ot by virwe of this mo::gage; ~nd in tM event wid MORTGAGORS shatl (w any reason fail to keep the ~aid Premisrs so
insured, or fail b deliver promptly aoy of said po~icies of insur~nce to said lNORTGAGEE, w fail promptly to pay fully any premium therefa a in a~y
respect fail lo perfam, d~scharge, execute, effec4 complete, comply wi~h ~nd abide by fhis mvenant, a any pa~t hereai, said MORTGAGEE may p~ace and
pay fw such insu~ance or any part 1herMf without waiving w affadinp any option, lien, equity, w rigM under w by virtue of this Mortgaye, ~~d the
full ~movnt of each and eve~y such payment shal~ be immediately dve and p+yable ~nd shall besr interest from the date the~eof vntil paid at the rate ol
nins pe~ centum per snnum and to~ether with suth interest shall be secured by the lien of this mortgage.
1. To permit, oommit or suf(ea no waste, impairment a deteraration of s~id prope+ry or +ny p~A 1he~eof.
5. T~ n•v all a~,d sing~~4r the Msts, charges sr?d expenxs, inclvdirg s reasonable attaney i fee and costs of abstrada oi title, incurred w pa~d a~
a~y time by said MORTGAGEE, because a in the event of the tailure oe~ the pan of ine s.:d !,AORTGAGOR ro duly, promptly a~+d f~lly perfum, d~xharge,
execute, eited, complete, comply with and abide by each and every the stipulatians, agreements, conditio~s, and covenanb of said promiswry note and this
mwtgage any w eithe?, and said cosn, cMrges and expenses, c+ch and every, sh~ll be inunediately d~e and payable: whetF?er or not there be ~o~~ce d~
mand, attempt fo mllect or suit peoding; a~+d the fvll a+nwiM of tath and every svth psyment shall bear interast from the date thereof until paid at the
rate of nine per centum per am,um; and all said costs, charges and expenscs inturred w pa~o, fogethe? with s~th interest, sMll be secured by ths lien oi this
mo?t9ags.
6. 7F~at (a) in the event of sny breach of this Mortgsge w default on the pa.t of the MORTGAGOR, w(b) in the event ~ny of satd svmt of money
herein referred to be not promptly and fully paid within thirty (30) days nexl after 1he san+e sevc~ally become due and payabls. witFw~rt demand w notice,
or in the event each and every ~he stipulations, agrcements, co~ditions and cove~wnts of sa~d promissory note snd th~s mortga~e any p either are ~+W
iuly, paomptly and futly perfwmed. d~uharged. e~ecuted. effected, completed, complied wi~h and abided by, then in e;ther w any iuch event the s+id a~
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shafl become due and pay-
able forthwith, w thereafter, a1 the option of said MORiGAGEE, as fully and completely as if all of the said wms of mooey we~e originally supulated
to be paid on such day, anything in said promissory note w in this AM1ortgage to the contrary ~otwithstanding; and therevpon a thereafter st ~he option of
said MORTGAGEE, without notice or demand, suit at law or in equity, thereFwe w thereahcr begun, may be {xosecuted as if all moneys satured hereby
had matured pnOr to its institution.
7. That in the evenf that at the beginning of or af any time pcnding any wif upori this Mortgage, w to foreclose it, or to refwm it, a to enfwce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction the~eof far the appo~ntrt~t of a Receive~, wch Court sMll .
Forlhwith sppoint a receiver of said mortgaged property all and singvlar, intlud~ng aU and singulat the income, prof~n, isiues and revenues from whatever
source derived, each ~nd every of wh~ch, it beirg expressly ur?dcrstood, is Fxreby mortyaped as, if tpeci(itally~ set fwlh ~~d desc+~bed in the 9ranting and
na'oenoum causes Rereof, and such £aceiYer sFw : haYe a!! !!x broad and eftettive ftineiions and powers in anxwise ~eMrusted by s Co~rt to a Receiver, and
s~ch appointment shall be made by such Court as an admitted equity and a matte~# •absolute right to said MO1tTGAGEE, ~nd without reference to the
adequacy a inadequacy of the vatue of the property mo~tgaged w to the soivency or insolverxy of said MORiGAGOR w the defendants, and that such
renrs, profin, income, iuues and mvenues shall be appl~ed by such Receiver accwding to the lien or eqvity of said MORTGAGEE and the practice of such
Cwrrt.
8. To duty, promptly and fully perform, dixharge, execute, effcct, complete, comply with ar~d ab~de by each and every the stipulatiam, agreements,
conditans and covenann in sa~d promissory note and this mortgage set forth.
9. That in the eveM the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other thsn ihe MORTGAGOR, the
MORTGAGEE, its successors and ass'gns, may, wi~hout notice to the MORTGAOR, deal w~rh such successor or successw in interest with ~eference to thia
mortgage and the debt hereby secured in the same manner as with Mortgagor without in a~y way vitiatirg o~ d~xharg~ng the Moregagors' liability here
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and r+o fabeara~ce on ~he part of the MORTGAGEE w its successws
or assgns and no eatension of the time fw the payment of the debt hereby setured given by the N10RTGAGEE or its successors or assigns, shall operate
ro release, distharge, modify charge w affect the uig:nal liability of the MORTGAGOR herein, eitFK~ in whole o~ in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunde~ or of the obliysT'an st
cured heteby shall at any time tF?ereafter be held to be a waiver of the terms hereof or of the instrument secured herby. _
11_ In add~tio~ to the Fwego:ng monthly payments of prin~ pal and interest required by the p~omiuory note secured hereby, mortgagor covenants
and agrees to pay to mo:tgagee with eath monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annua! cost of the folbw-
ing:
A-All real property taxes levied or assessed against thc above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvtme~ts situate on the above described premises.
I C-Premiums on such mortgage guaranty insurance as mortgagee shall from time ro time deem .fit to carry on the ban secured hereby.
i Mwtgagee shall from time to time noti(y mortgagor in writing of the amount due and payable hereunder and svch sum shall thereupon be due and
E Fayable on the due date of the next month!y payment and each successive month thereafter urtil mortgagee shalt notify mortgagw of a change in s~ch
~ amount. $uch sums shall be applied by mortgagee foward the payment of real property taxes, insurance prem.ums, and mwtgage guaranty insucante
premiums.
IN WITP~EaS YVHEREOF, tFx uid MORTGAGOR has hereunto set his hand and seal the day and year fintj fo~resaid.
Signed. Sealed and delivered in the presence of: J~
- /T ~ ~p.,~,~ ~ ~c„aq
Mab le Russell . a widow ~,p
' ~--n
~s~a~
STATE OF fIORIDA 1
$t. 1.LiC1@ ~ 55.
COUNTY OF ~
Befwe mt personally appeared Mable Russell, a widovr
~fib~vM~ to me well known and krawn to me to be
the individual desc.~bed in and who executed the foregoing instrument, ~nd acknowledged before me thal3~x executed the same for the purposes
therein expressed. ~M~ Ii~e ~ai~
rrif~ ~L ~ ~sid~ ~mo/~y~prraie~od privat~
e,~en~irNtion ~~ne ~alcen-sepera~e ~nd-speet ltortr I+er iei~ fn~sban~ adte~annkd~e~ ~o'sn~ i~efore~ t~ tf?a~ihee~cetvte~ ssld~r~mmieen -frs~elr and ~aiorr
r«ily~aw= ~w:~larf-a.hr eanprlsio~reo++a~.ai+re,-app?eF~ensieer, -or fesr-vf ~r fro~rher s~id-F~osb~nd.
WITNESS my hand and official seal this ~ day of - ~ . A D. 1972
. ~
ary Public in and fw t ate ida at lup~,
My Commiuion e:pires: ~
Retum To: ' • • • • ~ '
YniN~uapun a~ue~nsv~ ~tliua~.~uyl.rs'n~
Firat Federal Savings 3 loan Association SL6I '6Z '~30 S~'~IdX3 NQISSIWWO~ ANI
Of Fort P;erce- 39M1(13e tlUl~lOl~.;4'~!' ~~.°j' z~1d ~11~Ql1 f'
Fort Pierce, Fbrida fIlEO AMC P.ECOIIQ~~ : , , ~
:T.LUCIE COUNTY FIA. _ , . ~ : ~ _
ROGEFt ~~iiTa~S NOTARY FL'S:~~:. S'.~1# 9T f1!s!:iD~?
tAF~'~
CIERK Ci'.CUIZ COUR ~ Mlf CO'~„i~~~;.i: ~"t.'.S :D~19. ~
REGORD VE= FiED ~nAN Thru Gaasrs1 As~~arct. od~~„~'~; ;
This Instrument Prepared By Richatd K. Kayes ~ ,a
First Federal Savings 8~ Loan Association IZ p3 PH ~Z
of Fort Pierce , Florida j f 7J~
Checked By ~I=~ -
r~
JS
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