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3. To pface and conrinuuusly keep on the bu~:d~ngs now o~ kereafter •~tuate on sa:d land and on af~ equip~nem and personally cove~ed by this mw
e~e, w:ih ail prrn,;v ns ~hrrcon pa.d in iull, f~re insurance the ~sual s~a~tidard policy form, in a sum a~;pioveJ by the MOR~GAGEE, and windsto
~~,~rance in tha ~s~al s~andard pol.cy iwm, in a svm app~oved by• th~ MORTGAGEE, in such tompany or compan~es as ~he 1.5QRIGAGEE m
d:rea; and all i~re and w~ods+orm inswance po{~c~es on any of sa~d bu~td~ngs, any inre~est ~fierein or part thrreof, in the aggregare su~n afo~esa~d
~n eacess ~he~eof, s+~aN :ontsin the usual standa~d matg.~9ee clause or such othe~ clause as 1he Mor~gageo may requ~re, making the ~oss unJer sa~d po
c~:•s, each a~~d every, paya~!e ~o sa~d ~tpRTGAGEE as ~~s mterest may appear, a~~d each and every such po~~cy shall be piomprly assgned and detfvered ~
any held by sa~d 1~tORIGAGEE as fw~her sacurity to sa~d mortgage debt, a~~d, not less than ten (101 days in adlance of the expiranon of each po6cy, to d.
i.er to sa~J MORSGAGi~ a renewe{ thereof, toge~her wi~h a receip? for the premiurr oi such renewal; and there shall br no fire or wi~~dvo~m inwranc
n~aced on any of sa~d bui!d~~~gs, any interesl therem or part thereof, un!ess in ~he form and with ~he tcss payab!e as aforesaid; a~d in the even? any sun
ot money bc~comes payable vnde~ such policy or pol~cias said MORTGAGEE shatl have rhe option to recc~ve and app!y the same o+~ account of ihe inJabted ~
nrss se.wed hcreby Or to permit sa~d MORTGAGORS to ?eCeive anc~ uSe it p any parl lhercOf iGr O:i~~•r purg~osc•S, ..~tno~~t th:•. o~ ~v~i+i +3 n:ipoir i
any equ~ty, lien or right under or by virtue af this mo:•gage; and in rhe event sa~d MORTGAGORS shall Eor any reason fail to k<ep the said premises so
,~~wred, or fsil Ip drliver pron,;~tly any of said policies of insu:ance to Said MORTGAvEE, or f~it promptly to pay fuily any pre~n:um thc~efot o. in a~y
re;pect fail ro perform, discharge, exec~te, effect, completa, comply wi~h and abide by this cove~a:it, or any part hrreof, said MORTvaGEf may piace a•~d
r~~ for such ins~rence or ar.y pan thereof w::hout waiving or affecring any oprion, lien, equ~ty, o~ r~~ht under or by vfr~ue of Th~s Mo•tgage, and the
f~ lt an,ount of each and eve•y such paymrN shalt be immediately due and payable and shatl bear interest irom tha dafe thcrcof until p.;id at the rate o1
~,~~e per cantu~n per annu+n ~nd /o;~_th:~ with Such inter~;t shali be s~'tute~ by !he lien of this morlgage.
4. To permit, con~mit o~ suffer no wasle, impairment a deter~oration o1 said property w any part thereof.
S. To pay all and s~ngutar 1he costs, charges and expenses, ~ncluding a reaso~able attwney's fee and costs of abstracts of title, incurred or paid at
>~,y ti.~,c by sa~d hIURTGAGFE, because or in the event of fhe fa~Vure on ~ne part of the said MORTGAGOR to duly, pianptly and futty perform, d~uharge.
...,cute, effeu, ca~np.ere, comply w~th and ab:de by each and e~ery ~be stipulal~ons, agrermeros, cond~tions, and covenants oi sa~d pro:n~ssory note and th~s
. ortga~e any o~ eaher, and sa.d costs, charges and e:penses, each and every, shall be immediately due and payable; whether a not there be no~~ce dt
~.,nd, atte•npt to co:iect or su~t pendmg; and the full amouM of each and every such payment ahal~ bea. ;nreresi from the date thereof until paid at the
a' n~ne uer ccntu~n F,cr an~~u:n; ar,d a1~ sa~d covs, charges and ezpenses ~ncurred or paid, ~ogether w~th such interest, shall be secured by ~he lien oi th~s
mortgage. ~
6. That (a) in th~ event of any breach of this Mortgage or default on the parl oi the ISRORiGAGOR, or (b) in the event any of sa;d sums of money
t~-c;n refened to Ir r,ot p~on,ptly and fully paid w~thin thnty (30) days next aiter the same sevcra::y become due and payabte, without demand o~ notice,
~,c) in thr event each and eve~y the stipu~ations, agreements, condrtions and covenants ot sad promissory note and th~s mortgage any or either are not
i~:y, pro~npNy and f~Iiy performed, d:scha•ged, exxured, eftected, completed, complied wi~h and a~~ded by, then in either w any such event the said ag
~ate sum. mentioned ~n sa~d promisswy note then remaining unpa~d, with interast aarued, and au moneys sec~red hereby, shall betome due and pay-
~o forthwith, o. ihereafter, at ~he option of said MORTGAGEE, as fufly and comptere~y as if aIt of N~e said svms of money were ar~ginally st~putated
• !~e pa:d on such dcy, anyth{ng in sa.d pro:n~ssory note or in this Mortgagr to the contrary notwiihstand~ng; and thereupon or therealter at tht opt~on oi
s:i MORTGAGEE, w•al:out nohce or demand, suit at law or in equity, therefore w thereaf~er begun, may be prosecuted as if al! moneys secured hereby ;
•...d nrat~red pr~or to ~tS instituhon_
7. That in the event rhjr at the beginning of or at any t~me pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce
~.~.ment of any ciaims hereunder, said MORTGAGFE sha{I apply to the Co~rt having ~ur~sd~ction thereof for the appo~ntmeN of a Rece~ver, such Court shail
r~,~~rt:with appcint a rece~:er o1 said mortgaged proprrty all and singular, includ:ng a~! a»d s~hgvlar the income, prolits, issuea ar,d revenues f~om whatever
c rcr der;ved, each and every of wh~ch, it being express!y undersroocl, is hereby mortgaged as if sF+ecificaity set forth' artd destribed in the graroing and
• ~ndum c!a•.,zes hereof, and wch Receiver shall have all Ihe broad and effettive funct.ons and powers in anywise e~nusted by a Court !o a Receive~, and t
s;h ~p~,1,x:~eat sh31t ~ made by such Court as are adnirted equi7y and a ma~:er of absofute r~qht to sa~d MORTGAGEE, a~d without reference to the
'.~.:.,cy or ~~„deq~acy of the vaSue of the property mortgaged or to the so.vency or insoivency of said MOR:GAGOR or the defendants, an~ tha~ such ~
• +s. N~of;n, income, issues and revenues shal7 be applied by svch Receiver accord+ng to the lien w equity ot said MORTGAGEE aod the practice of such
C: crt.
8. To d~'y, prornpt;y and fully perfo~m, discharge, execute, effea, complete, comply with and abide by each and every the stipulations, agreemeNS, ~
; d:~~or.s and covenants m sa~d promissory note and tnis mor?gage set forth.
i
9. That in the evc-:t the ownership of rhe mo~tgaged premises, or any part the~eof, becomes vested in a per~n other than the MORTGAGOR, the ;
:.;r2TG~GEE, irs successors ano ass~gns, may, without nofice to the V:ORTGAOR, deal with such successor or successor in interest with re(erence to thia
~,~ga9e ard rhe d_bt hereby secured in the same manner as w~th hlortgagor without in any way vit~ating or d~schargir~g ehe Mortgagors' liability herr
.:?~r or uFwn the debt hrreby sec~red. No sa;e of the prem~ses hereby mortgaged ar.d no iorbearance on the part of the IdORTGAGEE or iis successors
c~ asslnns and no extEnsion of the time for the paymem of the debt hereby secured given by the fdORTGAGEE or its suctessas or assigns, aha(1 operate
ro re~a,se, d~scharge, mod~fy ~har~ge or affect the o~eginal liao~l;ty. of fhe MORTGAGOR herein, either in whole or in part.
10. !t is seec:ficaily agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatwn se-
_:~•~d hzreby sha~i at any time thereaftes be hefd to be a waiver of the terms hereof w oi the instrument secured he~by_
I 1. In _;id ~:c ~ to tl,_ iarego ~tg ir~onthly pay~n^~ti of princ'pa! and inrerest required by ihe promissc~y nore s~cured hrreby, mortgagor eovenants
~.i a,+ees ro ;:ay ro r~o-tgagee K~rh each rr~on!h!y pay+~ent an add,rionai sum estineated by mo~tgagee to be equal to 1, 12 of tSe annual cost of the follow-
A-:.!i r:ai };ropcrrr Iax=s levi;;~ or assess_d ag3i•ut thc above describcd real estate.
E G: ~~s on f~~e and Ylll:d5l0"~ll insura~ce as here~n requ~red to be carried on the ~mproveme~ta s~tvate on the above described premises.
C- Pr.~:~ s o~, s~ch mortr :ge gua~anry ir.su~a~.ce as mortgagee sha{! from. t me to t~m,: deem fit to carry on the loan sewred hereby.
h'.orta.,aee s~>> I E•om tin:e to ti:~~e notify morry;gor in writing of the amou~t due and payable hereun~ar and such sum shall thereupon be due and
~~e on r~„ d,,< ci,fe of ~ke ~eext month:l payment and each successive month thereafr_r ur.til mc~tgagee shall not~fy mortgagor of a chartge in wch
r.t_ $uch s~:r:s sha,i 've ap;%!ird by morrgagee toward the payment of real Froperty taaes, insurance prem;ums, and mortgage guaranty inwrarue
• -riums.
IV ':dITNE55 :iN~REOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesai .
S~gned, Seated a:ed de~iv ed in the presence of:
~ - $ean
(Seal)
- ~ (Seaq
_ _ Betty Selph ~~ai~
S".-;TE OF FtORlDA ~
~ i~51(Y OF , St. Lucie ~
- ~
~ Before me personally appeared Paltl Se~h ~ $r ,
and
; _ Betty J. $@iptl h~s wNe, ro me wetl knawn and known to me to be
~ individuais described in and who executed the foregoirg instrument, and acknowledged before me that they executed the same tor the purposes
~ e•e~n expressed. And the sa~d Betty J. Selph
i `c of thP said _ p
' Paul_ Sel h~ Sr • vpon a saparate and privste
~ nation by me taken separate and apan from her said husband, acknowledged to and before me ihat she exetuted said initipmehr Ireely and votun-
~ y and w:thout any compuision, constrainr, apprehens~on, or fear af or from r said husband. _
' WtTNE55 my hand and off;uaf seal this_ ~i~.~ • day of August ~ a 72
tary Public in and r t SH f Flwida Lsr~e '
y ~omm~ssion ires: YOTA ':i; ;
! R!~t~m To: = t'~^;n! rRI~.RGE
j MY - . -
f~rst federat Savings a loan Associat~on ~ ~ ~,J75
6o,0ea :h.~., G ,.;:r , - - ~
O. ..~t V...;~.. '.Ir:.:innten.
~ Fcrt P~rce. Ftcr;~a ` .
FIIED ANG ~ECORDEO r(
ST.IUCtC C~UNTY FIA.
; aoc~a ~o?tR~S ~
~ CLERK C~R~~1~T'COURt :
This insirument Prepared B}~ GdZy F. B11woo~ECOn. YE~+~f?ED , ?
; First Federal Savings 8 Loan Association 3~~N t
; cf Fort Pierce, Florida 33450 ~
; • ~
~ Checked By ~
i 2359'7U i
?
~ BCOK ~U~ 'r'A!:t ~~V~? • .
I'i - ! Zh)
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