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3. To ptace ar.d co~rinuously keep on the bui!d;ng~ now w herea(ter a~tuate on sa:d tand and on al{ equipment and perso~ally tovered by this ma i
eye, w~~h all premiums thereoo pa:d io full, fire insuronce in the ~sual sta~dard po~icy iorm, in a s~m approved by 1he MOR~GAGEE, and wi~dsro ~
~ns~rance in tha usuat s~anda~d pol~cy (orm, in a sum app~oved by the MORiGAGFE, in such company or companies as the MC~RIGAGEE m
dlrect; and all fire a~~d w~~dstorm insurance polic:es on any of said build~ngs, any iMerest therein or pa~l Ihereof, in the aggregate sum aforesaid ~
in excess thereof, shaU conta~n the usual s~andard mor~gagee clause or such other clause as 1he Mo~tyagee may requ~re, making Iha loss ~ndar sa~d po
c~as, each and every, payabte eo sa~d b10RiGAGEE as its interest may appear, and each and every such pos~cy ihall be promp~ly augned a~~d delivared i
any held by sa~d h10R1GAGEE as funher seturity to Sa:d mwtgage deot, and, not less than fen QO) days in advance oi the expiration of each pot~cy, to d.
Iwer to said h10R1GAGEE a renev~al thereof, Iogerher with a rece~pt for fhe p~emium oi such ronewal; and thrre shall be no i~~e or windstonn insuranc
p~ated o~ any of sa:d b~ildings, any interesl there~n w part lhereol, unlesa in the form and with 1he loss payable as aforesaid; and in the evant any sui+
01 mo~ey becomes payable under such policy w poGcies uid MORTGAGEE shatl have the op~~on ro recai~e and apply the wme on account of ~he indrbtcd
r~rss secu~ed he~eby o~ ?o permit said MORTGAGORS to reteive and use it w any part the:eof ior o;i~cr purposes, v.~~ho~t th-~~uf ~raivi.i3 or ~~~~puia
~nq any ~uity, lie~ o~ right under or by virtue of this mo:!gage; and in the event ia~d MORTGAGORS shall for any reason fail to kecp ~he sa~d pramis~~s so
~nsured, o? fail lo del~ver ptanptly any of said po~icies of insutan~e to said MORTGAGEE, or fait p:omptly to {wy fu~fy any premivm therefor ot in a~y
respec~ lail to perform, d~sch;rge, execute, effect, complete, comply wi~h and ab~de by this covenant, o~ any part hareof, sa~d MORTGAGEE may piace a•~d
pay fo~ such insurance or any part Ihereof without waiving or affecting any oplion, lien, equ~ty, o~ ~~~ht under or by virtue of this Mortgage, and the
fuli a~novnt of each and e.ery such payment shall be immediately due and payable and shall brar interrst from Iha date thereof until p~id at the ~ate ot
^~~~e per cantum pe~ annum and tc>~rihcr with suth interest shaG be srtu~ed by the lien of this mortgage.
4. To permit, commit or suffe~ ~o waste, impairment a deterioration of sa~d property or any pa~t thereof.
5. To pay all and singular the tosts, charges and expenses, including a reasonabk attorney'~ Fee and costs of abstrac?s of title, inturred or pa~d st °
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.~~y ~~me by sa~d MORiGAG;E, because or in the evcnt of Iha tailure on 1he part of the said MORTGAGOR to duly, p~omptly and fully perfwm, d~stharge, f
e. cute, effect, complete, canply w~th and ab:de by ea:h and every the stipulat~ons, agreements, condilions, and covenanrs of said pranissory note and th;s
,~arrgage a~y or e~rher, and sa~d costs, charges and expenses, each a~d every, shall be immediately due and payabte; whether a not there be nor~ce d~
~~..~•~d, aue+npt ro collecf or suit pend~ng; and the ful! amount of each and every such payment shall bea. in~eres~ from the da~e thereof umil paid at the
o~ n~ne per centum Fnr ami~rn; and all said costs, charges and expenses incurred or paid, together w,tA such interest, shall be secured by the lie~ of thii
mortgage.
6. That (a) in the event of any breach of this hlortga9e or deiauN on the part of the MORTGAGOR, or (b) in the evenf any of sa:d sums of money
f,,rein referred to be not promptly and fully paid wirhin th[rty (3~) days next after the same uverally become due and payable, wiihout demand or eotice,
er ft) in tbr event each and every the stipulations, agreemems, cond~tions and covenants of sa d promissory note and th~s mortgaqe any or either are oot
iuly, prompdy and (~Ily perfonned, d:scha~ged, executed, effected, completed, compl~ed wirh and ab~ded by, then in e;ther or any such event the said ag-
~~~gate sum menrioned in said promissory notr then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay-
ao.c forthwith, or rhereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of ~hr said sums of money wcre wginatfy sGpulated
ro be pa~d on such day, anything in sa.d prom~sswy note or in rhis Mortgagr to fhe conerary notwithstandu~g; and thereupon or thereaSter af the opt~on of
s~:;t MORTGAGEE, w~thout norke or demand, suit at law o? in equity, thercfore w thereaiter begun, may be prosecuted as if all moneys ucured hereby
r_d mawred pr~w to ~ts instituteon.
7. ihar in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to rtoreclose it, o~ to ~efwm it, or to enfwce
;vyment af any cl3ims hereunder, said MORTGAGEE shal~ apply to the Cowt having jurisd+ction_thereof tw the appointment of a Receiver, wch Court shai)
ic~thwith appoint a receiver of sa~d mortgaged property all and singular, includ~ng all and singular the income, prof~ts, iss~es and revenues }rom ~whatever
-_~.,rce derived, each and every of whlch, it being expressly understood, is hereby mortgaged as if speuficaily set iath and descnbed in 1he granting and
t,:,er.dum c;auses hereof, a^d suth Receiver shall have all the broad and effecrive funchons and powers in anyw~se entrusted by a Court to a Receivcv, and
s-;h appointment shall be made by such Court as an admitted equity and a matter of absol~te right to uid MORTGAGFF, and wirhout relerence to the
a.+_qo;q w inadeqvacy of the value of the property mortgaged or to the so+vency or insolvency oi said MORiGAGOR or ihe defendants, and that such
-_•~efs, profin, inco,ne, issues and revenues shall be applied by such Receiver according to the Gen or equiry of said MOQTGAGEE and the pracr;ce of wch ~
Court.
8. 7o duiy, promprfy and fully perform, discharge, ezecute, eifect, complete, compty w~th and abide by ~ach and every the stipuiations, agreements,
;c:iditior.s and covenan~s in sa~d promisswy note and this mortgage set forth_
9. That in the even~ ~he ownership of the mortgaged prem~ses, w. any part thereof, becomes vested in a person other than the MORTGAGOR, fhe
:''~R7GAGEE, its successors and ass;gns, may, wirhour notice to the MORTGAOR, deal with such success« a successor in interest with re(ereoce to this
o•rgage and the debt hereby secured in the same manne~ as with Mortgago~ without i~ any way vitiating pr diuharging the Morsgagori liability here-
ur,der or upon the debt hereby secured. No sate of fhe premises hereby mortgaged and no lorbearance on the part of tbe IdORiGAGEE w its sutcessors
c~ ass~gns and no extension of the time for the payme~t of the debt hereby secured given by the MORTGAGEE or its successws w auigns, ahall operate
ro re!ease, d~scharge, mod~fy change or aftect the original liabilily of the MORTGAGOR herein, either in whote w in part.
10. It is spec~f~catiy agreed that ti~ne is of the ~essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
cv-ed hereby shali at any time thereaher be held to be a waiver of the terms hereof or oi the instrument secured herby.
11. In a:id e6ei to the foregdng moNhty paymeMS of princ pal and interest requ~red by the prom;swry no!e secured hereby, mortga~or eovenants
d aar^ES to pay ro:~~o-tgagee with each monthly pay~nent an addnional sum est~mated by mortgagee to be equai to I; t2 of the annuat cosf of the follow-
A-All real prcperty taars levie~ or assessed against tlu_ above described real esrate_
B-Pr~:~~:u•ns on f~re and windstorm insurar.ce as herein requ:red to be carried en the improveme~ts s~tuate o~ the above described premises. ~
C-Pre~:~iu:~s on svch mwtgage guaranty ir.surance as mortgagee shall_(rom t~me to tirne deem fit to carry on the loan secured hereby.
Morfgagee sFa~i !rom time to time notify mo+tgagcr ~n writing of the amount due and payable hereundar and such su:ri shall thereupon be due and
.,:b~e on th~ d~e ci;te oi the next month!y paymem and each successive manth thereaft~r ur,til mortgagee shall notify mortgagor of a change in such
~ont. S~ch sums shali be appiied by mortgagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaran~y insurance
e~nivms.
IN \vt7r~E5S :YHEREOF, the said MORTGAGOR has hereunto set his hand artd seal the day a~d year first aforesaid.
ig ed, Sealed and d'vered in he presenc of: ~ ~
r ~
~it'~ '~~rs"~'2t'r"'v (Sean
_ Ear 1 Simmons ~~a~~
LL.~.~....~~ ~ i~~ - (Seaq
_ Fannie L. Simmons ~~an
S~ATE OF FIORIDA ~
`JUNTY OF St. Lucie ~
1
, Befwe me persona~ly appeared Earl $lIDmOT1S a~
~ FBnnle i_ Si mptle his wife, to me well known and known to me fo be ~
, ri,; indiYid~ais described in and who executed the foregoing i~st~ument, and acknowrledged before me that they executed the same fw the purposes ;
rF.e~ein expressed. Arid the said Fannie L. S1Dl~lOT15
N-~c of the sa~d ~rl $imn101'15 upon•a separ~te and privats
e• am~nat~on by me taicen separate and apart from her said husband, atknowledged to a~d befo~e me that she exetuted sai~ i~yt}yp~ent, rtreely and volvm
--::y and w~thout any compuision, constraint, apprehension, o~ fear of or lram her said husband. ~ t '
WITNESS my hand and officia! seal tbis 24tt1 day of JU1 r•- ~~~..i9, 72 ,
1 _ `r :
J , .
No ry Public in and or. t gatq o br s a( arg~ •
My Commission expires: ~;i~ , ~ • •4
;
Return To: ~
First Federal Savings d~ Loan Associat~o~ , Y=' y~~~
Of Fort P.e:e•~~ - aSi:il
Fort Pierce. Fler~da
f~~EO ~NC RecoaoE~
' ST• LUC?E couNTr FL
ItOGEr. r01TRA5
This Instrument Prepared By RiChaYd K. '~a?yeSCIERK E!gC~Ea COURT ~
First Federal Savings 8~ Loan Association Rf.CCR: •
of Fort Pierce, F lor i da ~2 07 pN Z :
Checked B ~~L ~
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234(~2`7 ~
BOOK~Y PACE~~
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