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To ptace and cont~nuouniy keep on the bu~'d~ngs ~ww or hereaiter e~t~ate on sa~d land and cn ai~ equ~F~:nent an~ perso~ally covered by ~h~s mortg-
ege, w~~h aU prem~ums thereon pa.d in fut~, f~re ins~rance m the uwji Stendard pol~cy fo~m, in a~um apy~ro~ed bv thr h1ORii~•=~GEE, a~~d windstorm
nsurance in the ~s~al ~tandard pot.cy fonn, in s sum appioyed by +he MORTGAGEE, in iuch co~npany or cornpan:es aa ihe A10RfGAGEE may
d~reu; and all iire ar.d w~nJsform insvranct poiic~es on any of sa~d buud:ngs, any in~e~est therein or part the:eof, in the agg~rga+e scm aforesa~d or
in excess ~herrof, shall ;oma~n ihe usual atandard morig.:gae dause or such o~her dause as fhe Mortyagee may req.,~re, ma?~ng mz ~cis undr~ a~~d poli-
c~rs, each and eve~y, pay~b'e to sa~d ~~JRiGAGEE as ~ts inte:aai ~nay appear, and each and every :uch po'~cy iha~l be promptly assg+~rd o+d dc~~.•..•r~•d ~o
any he~d by se~d h10RiGAGEE as fwrher srwrity to se~d mortgage deb~, and, not less than ten ~10) days in ad~ance o1 the exp~~anon of each poticy, to de-
Ilver to said MORTGAGEE a renewal thereof, ~oge~her with a rr<e~pt fo~ ~he p~em~um o( wch rene.val; and thcre shail be ~~o fue or ~wndsw~m ;ns~rance
plated o~ ~ny of said b~ildings, any incerest there:n or part the~eof, un!ess ~n the form and wifh the loss payable as aforesa~d; and in the event any sum .
of money becomes paYable under s~ch pol~cy o~ policics sa~d MORTGAGEE ah~ll have the opt;on to rece~.e and apy~y t:ie same on a;count of tha inJ~bt~•d-
ness secured hereby or ro prrrol~ sa~d MORTGAGORS io rece~ve and use it or any p~~~ ~h.•:auf tor 01r~cr es<•s, .:,~~~..:r ~h ..:~y~
ing any equrty, lien or r~yh~ undrr or by virlue of this mor:gage; and in Ihe eveM sa:d MORTGAGORS sha11 for any ~easo~ fail to kcep the sa~d prem~a.s so
~nsured, w fail to de!ive~ pron,ptly any of sa~d po6c~es of irsurance to sa:d MORTGAGEE, or fa~! pron;psly to Hay f~fly a~y pr~~„~um ~he~efor or"n a~y
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renpect fai~ to pe~form, d~scharge, eaecute, e~~ect, canp~ere, cornpiy w~~n aiw ao~cie uy u~.a o.~ !.•~=pr•: nrcc „
p3y iar such inwrance or any par~ thereof w~thout waiv~ng or afFecting any opt~on, lien, equ~ty, or r~ght unde~ or by v~itve of th~s ~tiat9age. and the
full amount of each and every suth pa~ment shall be ~m~nediarely due and payable and shall brar imerest from the datr thcrcof until paid at the rate o1
•~~:~e per ce~~um prr annu~n and to~~~ther wfth such i~itertst shall be sacured by the lien o1 thiS mo~tgage-
1. To permif, commit w suffrr no wasre, impairment ot dtter~orat~on of said property ot any part ihereof.
5. To pay all and singular the costs, chare~es and ex~~ses, ~ntluding a reasonabie attorney's Fee and ceirs of abstrac!s oi t~t!e, incur.ed or paid at
j~y time by sa~d MORiGAG:E, because or in the event of ~he fa~~ure on i~e part of the said h10RiGAGOR to duty, pron:ptty and fully pr~fcrrn, d~scha~ge.
=.acute, effett, complete, co~nply wuh and ab:de by each and every the sNpulai~ons, agreem<~rs, cond~t~ons, and co~enanrs of sa~d promissory note and ihii
~•or!gage any or ei~her, and sa d costs, cha~ges and expenses, each and every, shall be immediately d~e and payab~e; whe~he~ or nor there be not~ce da
r.,and, attempt to co;iect or suit pend~ng; and the full a~no~nt of each and evzry such payn,ent shall bear int~rest from the date thereof until pa~d at the
~ r~ o~ r.;ne per cen~~m pcr ar~w:n; and a~l said coses, charges and rx~enses incvrred w pa~d, together w.th wch interest, shall be secured by the i~en of th~s
mortgage.
6. That (a) in thr event of any breach of ~h~s Mortgage or default on tha part of the MORTGAGOR, or (b) in tFw event any of sa:d sums of money
herein refe~rrd to be not prompdy and fulty paid within th,:ty ~30) days next a~rer the sa+ne sereralty become due and payab'e, without demand or nof~ce,
a(c) en tha evem each and every the st~pu,anons, agreemeros, cond~,~ons and covenams of sa,d pronussory note and th;s mo~tgage any a e~ther a~e not
j~:y, promptty and {uily performed, dscharged, erecured, effeued, completed, compi~ed w~rh and ab~ded Sy, then in e~~her o~ any such evem the sa~d ag
~regate sum mem~OnKl in sa~d p~omissory ncte then romaining unpa~d, wirh intrte5t acuued, and a:l nwneys secured hereby, shall become due and pay-
ao:e iorthwith, or thrreafter, at the opdon of sa~d MORTGAGEE, as t~lly and compietely as if alI of the s~id sums of money were onginally st~putated
r:~ be pa[d on svch d~y, anything in sa:d pro~n~:sory note or i~ this fdortgage to the co~rrary not~nrithstarid~ng; and there~pon or thereafter ai the op~~on of
.~,a unoTr.eaFF ...:fM.,~ nnnce or demand. su~t af law or in eauitv, therefore or thereaiter begun, may be prosecuted as if afl moneys secured hereby
~~=d mawred pnor to ~ts institut~on.
7. That in the event that at the beginn~ng of or at any ti~r.e pending any su~t upon this Mortga9e, or to foreclose it, or to reform it, or to enforce
;.~;ment of any daims hereunder, said MORTGAGEE shall apply to the Court hawng ~urud~ciron thereof ior the appo~ntment of a Rece~ver, wch Court shail
ior~hwith appo~nt a rxeiver of sa~d mortgaged property aI! and singular, includ:ng ail and ungu~ar thr inceme, p~otus, issues and revenues from whatever
s: ~rce derived, each and every of wrh~cfi, it being expressly undersTOOd, is hereby morrgaged as ~f spec,Ficaily set forth and described in ~he granf,ng and
i, 3;,endum da~ses hereof, and such Receiver shalt have all the broad and effea:ve funct~ons and powers in anyw~se entrusted by a Court to a Recriver, and
s_ch appointment shali be made by such Cour~ as an ad:nitted equity and a matter of absolute r~ght to sa:d MORTGAGEE, and witlwut reference to the
a<f~quacy or inadeq~acy of the value of the prope~ry moregaged ar ?o the io:venty or inso:venty of said MORiGAGOR or the deiendants, and that such
_•~s, profits, income, ~ssues and revenues snall be appGed by such Recaiver aaorci~:~g to the tien or equity ot saio MORTGAGEE and the practice of wch
Court.
8. Tc du'y, promprly and fuily perform, d;scharge, execute, effect, comptete, conip~y w~th ard abide by each and every the stipulations, agrrements,
;cr,d~t:ons and covenants ~n sa~d prom~ssory note and ih~s mertga~e set forth.
9. That in the event the ownersh:p of the mortgaged p~em~ses, or any part thcreol, Eccomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, its successors ar.d assigns, may, w~rhout nor,ce to the MORTGAOR, deat w~th svch successo: or s~ccessor in interest w~~h reference to th[s
, tgage and the deut hereby secured in the same manner as w~th Nlortgagor without in any way vit:ating or d~scharging the Morryagors' liabilily herr
.~:d=r or upon the debt Aereoy sec~red. No sa!r of the crem~ses hereby mortgaged and no forbearance on the par~ of the fhORTGAGEE or its sutcessors
~r assigns and no exrens~on of the t~me for thr payment of the deb~ hereby secured given by the MORTGAGEE o~ ~ts s~ccessors or assigr.s, aliall operate
~o re~ease, d~scharge, modify change or affect the orig~nal Gao~f~ry of !he MORTGAGOR herein, either in whole or in part.
10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any ob~~ganon hereunder or of the obligation se-
cvred hereby shal~ at any ~ime thcreafter be he!d ro be a wa~ver of the terms hereof or of the instrumeM secured herby.
I 1. ~n add slo~ to the forege ~~g monthly paym~n!s of princ pal and interezr requ~red by the promisxry no'e secured hereby, mo~tgagor covenants
d ag~ees to pay fo mo-rga~ee v.~th eacn month:y pay:nent an add,nunal sum est ~'ared by mortgagee to be equa~ to 1,`12 of the annual cost of the follow-
.3:
A-AII real properrf taxes !ev~~~ or ass~ss!•u agai~~s: fne ai:ove desc~ib~d real estate.
' B- Prc~~v~ns on fire and w:nds~or~n ~nSV~ar~@ as he~e~n rcqu:red to be ca~ried on tne ~mrrovemenrs s:tuate on the abovc d^scribed premises.
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C-P%c ^iums on wch mon~::gr guaranty ~r.swa~ ce =s mortga~ee sha;l fre•n t m.e to time dee:n fit to carry on the loan secured hereby.
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f !1ro~+gagee s!+a!~ 'rom f~r.~e to r~me not~iy mors~,~gcr m w~a,ng of the a^~o:,•~~ due and payab!e hereundrr and such sum shail thereupon be due and
~ .;ab'e on thr c+.~e ciate o`, the ne,et mOnth.~ paym•ent ar.d eacn svccess~re mo~th 'hereafrer ur.ti! mortqagee sha11 not!fy mortgagor of a thange in such
~ ' ouro. Such sums sY a.l E;e app!~ed by ~~crtgay~e tof:a•d the payn:ent of reat prcperty taxes, insurance pren:.vms, a.id mortgage ~guaranty i surance
~ c•^,iums. /
` IN Y1ITNESS :b'H~R_OF, tne sa~d h~ORTGAGOR has herev~to set his hand and scal the day and year ~rst f re id/ ,
e
~ ^~gned, Sealed and '.ed i~ the presence of: !
3 ' ~ ~al~
~
~ J hr~ C. Var~ce
r ~ (Seal)
z t ( ' _ si.-fi . ~ ~~2 x ~ J (Seal
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~ s3„_, - ^ I~iar ie L. Vance ~~ai~
~
~ ' .
S::.TE OF FLORICA ~
~ l
~ ~~U.'JTY OF St • L~1C=Q _ j ~
Before me personalfy appeared Joh n C. V ~r. ce and
r~` Ma= ie ~ Vance his wife, to me well known and knorrA, to rrw fo be
~ ~ne ind~viduals described in and who executed the foregoir.g instrument, and acknowfedged before me that they executed the ,fart~e fq tM, purposes
~ ~'~r i.e L. Vance "~~'r= ~
~ rnerein e~cpressed. And the zaid_---_
~ r; fe of the sa:d J~hn Vance _~o~'~seyar+t~and priva~e
_
~ .am~natlon by me taken sepa•ate and apart from her sa~d husband, acknowEedged to and before me that she exetuted_~d?nstr~ieM fre~y and volun-
;4 _,:y and wltho~t any compu:sion, constraint, aep:eher...s~.on~ ~or fear of or from her sa~d husband. _.i ~ P .
WlTNESS my hand and offSc~al seal this_ day of r +~b r '4. ' r A: •D- 19~:T2
'S ~ ~
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Nota~y PubGc in an fo? the •tatp o{~flbrids.al~~rge
~ My Commission expire~ ~ r~ " "
- Return To: - .,i I _l.
Firs! Federal Savings 3 Loan Assoc~a!:on .~~~5~
pf F~r! P e•ee.
' Fort Pi_-~:e. F;,,r ~t, FILEO AMC RECOROED
St. LUCIE COUMTV FLA.
~ ROCER ~OItRAS
CLERK C`~CUIT COUfIT ~
T= REC~P.~ vE~IF~EQ.~,~„~
~ 7his Instrument Prepared By J. ~i. Rc~bezt5, Jr. ~
First Federal Savings 8 Loan Associaticn ~ 40 ~H ~13 ~
,r,
of Fort Pierce, Fl~rid~
:f~.
Checked By
~u=
~n4 Po~ ~09 ~1~68
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