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3. To place and con~in~~ousiy keep on ~he bui:dings now or hereafter fituate on sa~d land and on al; eq~ip~nent and personaily toveted by this mor
a9e, w:th alt prem~v,ns thereon pa d in iuli, fire insuranc~ in tho usua! uandard pol;cy form, in a sum aFproved by 1he fV~OR~GaGEE, and windsto
~ns~ranct in the usual srandard po:.cy 1o~m, in a surn approved by the MORTGAGEE, in sucA Company or companie3 as the h10RTGAGEE m '
dirett; 'and all iire and w~ndstorm insuia~te poGcies on any of sa~d build~ngs, any interest therein or part thereol, in !he a99regate sum aforesaid '
in excess thercof, st,a)1 conr~;n the us~al s~andard mortgagre ciause or such other cl~use as the Mortgagee may requ~re, ma4ing tha loss unde~ sa~d po
c~es, each and every, pay~b!e to said A10RTGAGEE as ~ts in~erest may appear, and each and every such poiicy shatl be promptly ass gned and de~~~ered ~
any hetd by sa~d htORiGAGcE as fur~her secvrity ro said n~ortgage debt, e»d, not tess than len (:0) days in advance ol the expirat~on of each poGcy, to d~
Lver ~o sa~d A10RTGAGEE a renewat thereof, toge~her with a rece~pt for the prernium of such renewal; a~d there shai~ be no i~re or wi~~ds~o~m insuranc
piaced on any of s~~d buifd~ngs, any intcrest therein or part thereof, unfess in the form and with the loss payable as afo~esaid; and in the event any sun
of money becomes payabte under such policy or pol~cies said MORTGAGEE aha~{ have the opt~on to ~ec~~ve ~nd app!y the same on account of the indebfed
nesz Secured hcreby or to pc~mit said b10RTGA~iORS fo reetive and uie it or any part Ihereof icr o:nrr +:ur;•~s~•s, .v~~iio.~t th_•~;~~ tvcivi~3 or ~.np~ir
~~~y any eq~~ty, l:en or riyht undci or by vir?ue of this mor•g3ge; and in the evem sald MORTGAGORS shall for any reason fail to keep the sald premises so
lnsurcd, o~ fail to del~ve~ proinpTly any oF said policies of inturance lo said MORTGAGEE, O~ fail pro~rpNy to pay luily any premiu~n ther~ior or in dny
resped fail to perform, discharge, ex~~c~te, effect, comptete, comply with and abide by th7s covena~t, or any pa» hrreof, sa~d MORiGAGEE may p~ace and
Fvy fw such insur.,nce or any part thereoF w~thout waiving or aifecting any option, lien, equ~ty, or riaht unde~ or by virtue of lhis Mo~tgage, and thc
f~il amount o( each and every such payment shall be immediatety due and payable and shall bear interest irom tha datz thereoF unril p~id at the rate of
n~r+e ~er ~~ntum pcr a+viu:n ~nd +o3~thcr wiJh suth interest Shaii be s~~wred by the lien o( th~s mwtgagc.
4. To permit, commit or s~ffer no waste, impairment or deterioration of sa~d property or any part thereof.
5. To pay all and sin9ular the costs, charge: and expenses, ~ncluding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at
a~,y tim.e by said MORiGAG:E, because or in ~he event of the fa~lure on the pan of the said MORTGAGOR to duty, promprfy artd ivlly pe~fo~m, d~scharge.
_rccute, effec~, tanp:ere, comply w~th and ab:da by each and every the stipulat~ons, agreements, canditions, a~d covenanK oS said pro:ni;sory note and this
i:ortyage any or e~~her, and sa:d costs, <harges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de-
n and, attemp~ to colled or sv~t pe~tid~ng; and the full amovnt of eaeh and every such payment shall bea. interes~ irom ~he date thereof until paid at the
r r~ u~ n~ne per c~~ntu~r F.~r an:~u:»; anc: ait said costs, charges and expenses irxurred or pa~d, together wdh such interest, shall be secured by Ihe lien of th~~
mortgage.
6. TFat (a) in the event of a~y breach of this Mortgage or deiaull on t1~ part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
h~rein referrzd to be r.ot pron~ptly ar.d ful~y paid with~n ~h~~~y (30) days next afrcr the same seve~a;ly become due and payable, without demand or ootice,
w(c} thr e:ent each and every the stipu:at~ons, agreements, conditions and covenants of sa,d promissory note and th~s mortgage any or either are no~
~~ly, p~ompt{y and ~ully p¢rformed, d:scharged, executed, elfected, compteted, compiied wiih ano abided ~y, tnr~~ i~~ r~ttKr or any such event the sa~d ag
3•~~yart sum mem~oned in said prom~sso~y note then remaining unpa~d, with intere,t accr~ed, and a:l moneyi secured hereby, shall bctome due and pay
a~ e fortn.viTh, o~ inereafre., a~ tl~e oNriu~ti of said l,::JATGAGEE, as fv:ly arK! comple!e!y as if aU ef th~ sa~d c~~ns of money were or~ginalty stipulated
ro ne pa.d on such d~y, anything in sa.d prom~ssory note or in th~s Alortgage to the contrary not vithstanding; and thereupon or thereafter ai the opnon of
s;,f MORivAGEE, w~rhout nor~ce or demard, suit at law or in equity, the~efore or thereafter begun, may be prosctivred as if i}I moneys secured hereby
n_d m3lured pnor to ~ts insntution_
7. That in the event that et the beginn~ng of or at any time pend~ng any suit upon this Matg~ga, or to-foredose it, o? to reform it, or to enforte
~ayment of any claims hereun~cr, sa~d h40RTGAGEE shal! appty to the Court having jurud~ction therepf fqr the appointment of a Receiver, such Court shail
tc~:thnr~tn appoint a reteive~ oi saici moriyeyru pruyr~iy o;i n~~u au-~ v~a~, ' ~c:-..'.. _ . - _ -
~ .-.f::c :ic..-a , i_..~,
s~,rce derived, each ar.d every of wh~ch, if be~r.g expressly ~nderstood,,is hereby mbrtqaged as ii'.spec:ficaily set ferth`and desaib?d in the granting and
f,l,endum ~;a~ses her~c+f, ar.d such Receiver sfiail have alt the broad and effective fur.~t;ons and powers in any~v,se enlrusted by a Court to a Receiver, and
s_:h appoinimenl sha~! be made by such Court as an ad+nitt~d equity and a matter oi absolute right to said MORiGAGEE, and withow reference ro the
a.i ~q~;cy or inadequacy of the val~e of the property ma~tgaged or to the so~vency or ;nso~vency of sa~d MORiGAGOR or the defe~}dants, and that such
~n, profns, inco.ne, ;swes and revenues shafl be appiied by such Receiver accord~~ig to the ~ien or equity of saic 610RTGAGEE and the praUice of such i
CouA. ~
8. To duty, prompt;y and fully perform, d~scharge, execute, eifect, complete, cornp~y with and abide by each and every the stipulations, agreements,
cond+tions and covenanrs m aerd promissory rwre and thFS mortgage set twtn.
9. That in rhe ev~nt the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person olher than the MORIGAGOR, the
~RTGAGEE, its successors and assigns, may, w~thout norice to the MORTGAOR, deal with svch successor or successor in ;~terest with reference to this
o•~gage and she d_ut +iereby sec~red in the same manrer as with l.tortgagor w~rhout in any way vit;ating or d~scharg~ng the Mortgagors' liabi~iry here-
dar or uF~on :he detr nereby secvred. No sa[e of the prem~ses hereby mortgaged and no `orbearance on the part of the JdORiGAGEE or its successora
o- ass~g.~s and no exrens~on of the fime for the payment of the debt hereby secured given 6y the MORTGAGEE or ;ts wccessors or ass[gns, attiall operate
!o re e.,se, d~scharg~, mod~fy :hange or atfect the orig;nal liab~l~ty of the IYORiGAGOR herein, either in whole or in part.
10. It is spec~fically agreed that ti~ne is of the esser.~e of this tontract and that no waiver of any obl~gation hereunder or of the obligat'an se-
c_~~ed hereby shal~ at any time thereafter be he!d to be a waiver of the terms hereof or o1 the instrumem secured herby.
11. Ir, ~ci~+ r;~ ~~o the forege nq month'y paym^n!s of princ pal and interesT req~~red by the prom:sscry nore sewred hereb~, martga~or tovenants
~ d a~rez•s ra r~y to ortg:jyec ~,,:th cach mo;rh'y pay~ ,ent an add~~ionat sum est~mated by mortgagee to be egua{ to 1, 12 of th~ annual cost of the follo~v-
A-~!I rrat Frop~~rty ta,.:s ~evied or assessed ag3i•~st the a6ove descriycd real estate. f
t
6 Fr._~~.;u ns on f.re and wlr.dsronn (nsurac~e as herein req~;red to be carried on rhe imp~ovements sitvate on the above dsscr~bed premises. •
C-Pre~~~iu:rs on >uch ~r.ortgsgt guaranty ir.surar,ce as mortgagee shail from tme to time deem fit ro carry on the loan sec~red hereby.
Mor!gagee s~~~ i Erc:n ti ne to t~c~e nonf y mertgagor ~n writ~ng of the a~r.ouot d~~ and payable hereundrr and such su n shall the~eupon be due and
.-6!e on the ~ue da!e of ~h~ next month:y payment and each successive month thereafter ur.tii mortgagee sha!t notify mortgagor of a change in such
:~~nt. $uch s~~^s s} a': be app'i~d by mortgagee to+.ard the payment of reaS property taxes, insurance prcYn;ums, a~~d mo~tgage guaranty i~surance
. •:~niums.
IN \'1~TP~ESS ':1NEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and y r first afores id.
' ned, Sealed and deJivered in the presente ofc U~ ~~/~1 ^
l
~ ISeal)
_ E~ Paul P. Li~Caus ~ c~si~
i' i
($ea1)
anet L. LiCaus~ ~~a~~
5;.4TE OF FLORIDA
~ u-
~ ~JU'dTY OF ---St . I.L1C 1@ ~ s
Before me personalty appeared Paul P. L1Cd1151 and
' .13T1'Et Ls LiCausi his v:e!e, t~ ••,a w~1[ knc:vn and k!±own ~n me to 4+P
individua?s described in and who ezecuted the foregoing instrumeM, and acknow{edged before me that they executed the same for the purposes
rh,•ein ezpressed. And the :a~a__ Janet j.• j.1C~11S1
~e of the sald ___Paul P. LiCausi upon a separate and private
•~m:nar~on by n:e taken separate and aparf from her said husband, atknowledged to and before me that she executed said instrument freely and volurt-
~~y ar~d w;ihovt any compufsion, conztraint, apprehension, q~~L of or from her said husband,
WITNE55 my hand and offic~al seal this_ I~~ dey of October q, D. 1972
• Notary Publi and or th tate of Ftorida at large
My 'T~nmis expires: ~ !
Retum To: - ~ r1 ~J~
1~OTARY PJeUC ST TF OF FI nRIDA AT ~ARGE
First Federal Savings a loan Associat~on b)~ (:p(~!'715SIQN EXPIRES AUG. 6, 1975
Of Fort P C'CG. ••""'~~~~I~Ei~A11NSURANCE UNDERWRITERS~ INCw
Fort P~erce, iiorida • ' ~ ~.y ~
. • , ' ~ ~
: , FlLEO AN@ RECORDED
- ~r _ yt ` i ST.IUCIE C~UNTY FU. ,
' ' , ROCch r'~iTRAS ~ °
This Instrument Prepared By : GaZy F. Ellxp~d; g. ' CLERK C.:CUIT COUAt y~ :
First Federal Savings & Loan Association ; ~ ~ • f ~ : RECvRC V~F.~~IED~1 ~
of Fort Pierce~ Florida 33450 •~:.~~.%~~.@~;`i< i
n .-:<~n~~~ YI.` i~ 936~H'1~ ~
Checked 8y ~_.___L . c ; ; . - ~ °
~ ~
. 2~~.99fi4 ;
~ aR
a~207 ~ 90~3
~~h~
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