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3. Ta p!,ce and c~ntinuously kaep on the bui'dings now or hereafter SAvate on said land and on a!; equ~pmenl and personally covered by this mo~
ege, w:th .~II pren,~u~ns th~~eon F:a,d in iull, f~re msurance ~n the us~al srandaid po~icy form, in a sum aHproved by th~ h10R~ei.~GEE, and windsto
wr~nca in ~he ~sual s!~~:dard Ho:.cy toim, in a wm appro,~rd by ihe MORTGAGEE, in su:h company or to~~~pan~es as the h10RiGAGEE m
d rru; and all fue a~~d w~ndstorm ~nsurante po~~c:es on any of sa~d build.ngs, any interest ~hrrein or part thereo(, in the aggregate su~n aforesald
In excess rh~•reoi, shall :ont..in ~he usv~l sta~~dard mortg~gee ciause a such other d3use as the Mortgagee may requ:re, maAing the ioss undar sa~d po
c~~s. rach and C~t~y, ~1dyJJ~2 to sa~d 110RTGAGEE as ~is inttreit m~y appear, and esch and every suth po:it/ sl~all be promy~ly assgnrd and deliv~rrd ~
any h~dd by sa~J ;.!OR(GAG'cE as furrher sewrity to said n:ortgage drbt. a~~d, not less than ten (10) days i~ ad~a:ue of Ihe expirat~on of each pol~cy, to d~
,,.er to s~~d ,'.10RiGAGEE a re~~~~v:al thereof, togeihrr with a re;e~pt (ot the premium of suth rene+vaf; and there shall be no i~re o~ w+~~ds~o~m insuranc
~:'.+:ed on any of s.~~d bui".d.ng:, any interest therem or part thercof, un!ess in the form and with ~he ioss payab!e as a{oresaid; and in the event any sun
of mcn..y beco~~~es payabte ~~~drr such polity or poGc~as said MORiGAGEE shall have the opt~on to rec_~ve and app!y the same on account of ~he indebted
r., ss secu~ed hcreo/ or to pennn sa~d JAORTG~IGORS ro reeeive and use it o? any part the:eof tor o,m•r pwe,osrs, .•.~ti~o~t thr~u, ,v~~~~ c~ ~~~~p..~~
any eq~~ty, I:en or right undcr or by virtue o1 Ihis mc:'gage; and in the event sa~d ti10RTGAGORS shall :or any rcason faii to k<ep the sa~d pre~nises so
•~surrd, or fail to drl~ver promptty any of
said polic~es of insurance to sa~d MORTGAGEE, or ldtl promptly to pay fuily any pre~n~um therefor or in a~y
r_•s~~ect iail to perfo.m, d~s~h~r9e, eaecute, e(ied, complete, conply wfth and abide by this covensnt, o~ any part hrrrof, said MGRTv~GEE may place antl
for such ~nsur..nce or any part thareof withoul waiving or aSiecting any opt~on, lien, equ~ty, or n~ht under or by virtue of this Mortgage, and thc
a~,~o~nr of each and e.t~y such payment shali be ~mmed~ately due and payable and shall bea. intere:t (rom tha da~e thereof until po~d at the rate oi
~.e p~~r c_ntu~n per anrw:n .,nti to~eth~•~ vvith wch interest Shaii oe secured by the lien ol this mOrtgage.
.t. 1o pcrmit, commit w suffer no waste, impairment or de!er~oration of said property o~ a~y part thereof.
5. To pay ali and sing~~tar the costs, charges a~d expenses, ~ncluding a reasonable afeorney's fee and tosts oF abstracts of title, incurred or paid at
r~ • e 5y s~~d M1tORT~AG:E, because or in the evero of ihe failure on the part of the said MORTGAGOR to duly, pro:»psly and fvlty perform, dacharge.
a, r!iect, co~np:e~e, co+nply w~th and ab:de by each and every the st~pu~anons, agreem~nts, cond~tions, and covenants oi sa~d pranissory note and ~h~s
;r~g.ag~ any or e:eher, and sa d costs, charges and expe~ses, each and every, shall be immrd~ately due and payab.e; whether o? not there be no~ice d~
•.,~•J, a~r~n•pt to co'uect or suit pend~ng; and ehe ful! amount of each and every wch payment shall bear interest from the date thereof uotil paid at the
p•~. c~n.~~n ~~~r am~u n; and au said costs, charges and ex;;rnses incurred w pa~d, ~ogrther wah such inte~est, shall be secured by the lien of this
~~.orlg~ge.
6. Tha~ ;a) in fhe event of any breach of this Mcrtgage w defaulf o~ the parf of the 610RTGAGOR, or ;b) in 1he event any of sa:d sums of money
~:•c~n refe~r d to t ~.ot pro~npNy and fullY paid within th,rty 1301 days next aiter the same severa::y become due and payab'e, without demand or notice,
_ r,c) in the event each and every ~i~e stip~lahons, agreements, condir;ons and covenants of sa.d prom~sscry note a~~d th~s mortgage any or ei~her are not
v, pro~~ptly and fut~y performed, d.scharg_~d, executzd, effected, compie~ed, compl~ed with and a6~ded 5y, then in e~ther or any svch event the sa~d ag-
~a!e svm menhoned in sa~d promissory note then remaining unpa~d, with intere,t ac:rued, ar.d aii moneys secured hereby, shall become due and pay-
_ iortf,~vlth, or rhereafrer, at the op~~on of sald h10RTGAGEE, as fully and complete!y as +i all of the said sums of money were onginally stlp~(afed
:r pa:d on such d::y. anything in sa d pro:n;ssory note or in this Mortgage to the con~rary notwithstand~ng; and thereupon or thereafter at the opuon of
~_t !.10RTGAGEE, w~~t:cvt r.ot~ce or demand, suit at law w in equity, the~efore or therealter begu~, may be prosecuted as if all moneys secured hereby
.1 maturcd pr,or ro ds inst~tunon.
7. Thai in the ever:t that at the beginn~ng of w at any time pend~ng any suit upon this Mortgage, or to foaeclose it, or to reiorm it, or to enforce
.•;ent e! any ua:~ns he•eunder, said 110RTGAGEE shall apaly to the Court having ~urlsd~ction thereof (or the appoiMment of a Receiver, suth ~ourt shail
••`:,vish appc~nt a.r~ce~+er of said mortgaged property aIl and sing~lar, inclvd:ng afl and s~ngu!ar the ir.come, praf~ts, issues and revenues irom whatever
;:•,e rt_r~„z~d, each ar.d every of wh:ch, if being expressly undrrseood, is hereby mortgaged as ii spec~(ically set forth and described in Ihe granting and
~ • n;l;;m ~ dJSPS herrof, and wch R~ce~~er shall have aU the broad and effecnve fur.cs.ons and powe~s in anyw~se entrvsted by a Court to a Receiver, and
s. ~rrc~n~n-~~:~t ih~;i t, made by wch Court as an admitred equity and a rratter of a~sci~te right to sa;d NORTGAGEE, and w:tho~t reference ro the
c• in;d.•:~,acy of ft:e va!~e of the property mortgaged or to the so,vency or inso~~ency of said h10RiGAGOR o~ the defrndants, and that wth
- •s Nro+~ts, inc~ re, +ssues and revenues shail be appGed by such Recc~ver accord~ng to the iie~ or equity of said MORTGAGEE and ~he practice of such
; rt.
B. io d~:y, {~r~r~F t'y and (ui~y per(orm, d~scharge, ezecute, effect, complete, comply w~th and abide by each and every the stipulations, agreements,
-?a~o::s a~~d cov~~nor~fs ~n sa~d promissory note and th;s morigage se~ forth.
9. Th~t ~n ~he ev^~~t the owr.e•sh~p of the mortgaged prenuses, or any part thereof, becomes vested in a person o~her than the MORTGAGOR, the
:`RiG:.G:E, i!s su:cess,~rs ar;d ass~gns, may, witho~t notice to the ti10RTG~OR, deal with such successor or s~tcessor fn interest with reSerence to this
-'•)~}e ar d rhe d.~t here6y sewred in the same manne~ as w~th l~t~rt~agor wrthout in any way vitiating or discharging the lJtortgagors" liability here-
ir: cr u~on :n~ d_b+ h_~reo; secured. No sa.e of the Fremnes h,reby mertgaged acd no fo:beorance on Ihe part of the f10RiGAGEE Or its successors
<s:~~~s a:~d eo ea'e~~s~on of the t~me 4or rhe payment of tne debt hereby sec~~ed given by the MORTGAG.E or its successors w ass:gns, a~iall operate
~.se, d:scharge, mod~fy cfiange or affect the ong,na! I~ab~i~ty of ~he MORiGAGOR here~n, either in whole or i~ part.
10. It is scec ~~c:.i,y aoreed rhat t~me is of the esser.~e of this contrad and that no waiver of any obliganon hereunder or of the obligation se-
;:~_d hereby sha,, at an~ ri•r:e th<reafser be he;d ro~e a vra~~er of the terms hereof or of the instrument secured herby.
11. In ,::i i r_,'o ri,: fo~eaC ~}7 ~nomh!y par~r.,nts of prioc ,.af and imarest requ~red by the prom sscry no!e secured hereb/, mortgagor eovenants
e3~_~s ~u ra~ iu o•t~3gee m~th each manih:y pa~~.~ent an edd~:ionai sum est :z,a~rd by mortgagee to be eguai to 1 12 of tha ann~al cost of the fofiow-
P. --Ai' .~3i ;_ror_.~rr; t3¦~s fe.~ed or assnssed ag~i•:sc th~ above described real est.ue.
6 F~_ :s a~ f~•.~ acd wir.dsro~~n insu.arce as ne.e~n req~;red to be canied on the improveme~ts s~ruate on the above desvibed premises.
C Pr< • ~ s o•~ s~ ch ~r.ort~. ce guaianry icwra• ce as mortgagee shall fre~r t me to t~~rte dee~n fit to carry on the loan s^c~red hereby.
~ ."ort.a.,gee r~ • I t-c~n t~~ ,e to t~me not~fy mertgagor in writ;ng of the amoum doe and payable here~ndrr and such su~~ shail thcreupon be due and
~ e~ r~„ ;i, n:~~_~ oi she next mor.thl~ paim_m and each successrve month ~nereafrer urn'.' mcrfgagee shal~ not:fy morrga~or of a change in such
{ ,n` Su:h ;,:-.s sFa.! be a;;F~:~ed by mortgag•x toward the peyment of real property taxes, inwra.ue prem:ums, and mortgage guaianty insurance
~ ~ ;~ms.
[ I'V ~r11NE~5 H;R~OF, the sa:d A10RTGAGQR has hereunto set his hand and seal the day and year first aforesaid.
~ Signed, Sea~ed a;d defi red in e p?esence of:
(Seal) f
~ 1.1 (Seaq
($eal) -
ClOtilde F. TSYlO ~ (5eaq
- OF FLORIDA 1
~
'..;'JTY OF Lucie ~ ~
9efore me personalty appeared Lloyd Tavlor and 3
Clotilde F. Tavlor his wife, to me well known and known to me to be
ind~v~duais descriced in and who exewted the foregoing instrument, and acknowiedged before me that they saewted the same fo? the purposes
••r~n exYressed. And the said_ _ ClOt.lld@ r' .~c1~IlOI' ~
~ of +ha s~:a Lloyd Ta~lor____ ~Po,,,a separate and private ~
nae:un by e,e ta~en separate and apart from her sa~d husband, acknowledged to and before me that she executed said instrYment f?eoiy artd voluo-
• , a~.d w ri,o.,r any co~~;,ulsion, constraint, appre~h~er~~on, or fear of w fram FKr said husband. ~
~,:TP:=_SS my hand and oFfidal seal th~s_ _ day of A St /~D.•,19_.~
~ ' ~ ' ! : c .
No ry P~blic in an f the Stif~ pf Ffwid/ at tatge : ,
~ -
~ My Comm~ssion expires: G '
Ret~~rn To: ~;~.~e ~~~L` 3
~ . ~ , ,
f:,s~ Fed-_ral Sa~~^~s E loan Assoaat,on ~ •
~ ~ •J• ~...-r P , -c,. v 1 " ~ .
f.;:i F~_r_r. ?~,~~~,~1j ,~'•~1~n~1~~~~~.~~~
~ ~u:eo A?+~ ~ECa~
~ ~t. Luc~~ cauNT~r~.
~ AOCEF PO1TR~6 ( G
~IfRK ~~:~CUIT OOURT '
Thi; Ins*rument Prepared By : Gary F. EilWOOd ~ECORO vLF:~~,~o '
First Federal Sav~ngs & Loan Association - ~
of Fort Pierce ~ Florida 331t5~ ~ ~ ~
Check~d Sy O~,u~ 1~- 1d'~N ~
;
235249
~ BOOK ~~ViJ PAGE ( ~ r: `
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