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To plac~ arn! con~in~ously tctp on tl+~ bu~ld~ngs ~ow ar A~reafiw s~~u~t~ on sa:t) land ~nd pn all equipmenf ~nd per~O~~lly Cov~~ed by thit m.~t9- y~, w~~h a!I prem:ums thereon pa~d in fult, fue inw~a~c~ ~n ~he wwl s~,.ndud poiicy faen, in • wm approvrd by tla MOR+GAGfE, ~ru! w.rdt:a~t: ~nswa~c~ i~ rM u~wl ~:radard pol~cy iam, in ~ sum approvad by tht AF~RTGAGEE,, in suc6 compsny w compan;~s aa i1+~ MORIGAGfE en~y d~rett; ~nd atl 1'ae and winditam i~w~anc~ pc>licie~ on aey of ia~d bu~!d~~+qs, ~ny intsr~at therein or part ti~:r~f, in Ih~ agp~egstQ suh~ afwesa~d or in excess t1+c~eof, shitl cc+n~s~n th~ usval srandard mo.?~+yee davc~ a iucA oihc. daus~ as tM Alortyycc m~y rpv.r~, ni~~~n~ ~he Ioss undrr ss~d poli- ues, each and avery. paY~b~e ~o sa~d A1pRTGAGEE as ~es intercsl may app~ar. a~d each and ~verv such pol~cy shall p~ p,omp~1S• ~ss gnrci a„d drt,ver~~d ~o any l.eld by sa~d MORiGAGEE +s f~Keher srcurity ~o ~:d mor~gag~ deb~, and, not teu than ~en (t01 da~s ir? adwnce of tAa e+epiratiort of eath pot~cy, io da- Lv~r ~o ~.~id MORiGAGEE a renewal tAe~eof, to~ether with a reca~pl fa the prem~um of such ronewal; and there ~hall be no fue or ~:~~di~orm inavrance P~+ced on an~ af said b~iidugs, any inte~est ther*in a part thereof, unkss in Me form and w~~A the loas payable as efwesa;d; snd ~n ~fu event any sum o~ ma~ey bctomts poyable under such Folicy o~ pol~cie: ie:d MORTGAGEE shall hav~ the opt~an to recr:ve e~d apply the sana on acca:~it ot rl.e ~:~dabtrd- neu stcvred herepy or b permit sa~d MORiGAGORS ro roteive and use il p any par~ ~'t~erepf for other purpases .~.aha.:~ m~..or o+ ing any cqufty, Qen a righ~ unJer ~x by vi~tw of this matgdgo; aed in the event sa~d MOR*GAGORS shall fw any ~cason i~i! to kerp the sa~d pre~n:s~~f so insured, o~ fail to dcliva promptly ar~y of said polKiea of inawsnc~ ~e said MORIGAGEE. a fail promp~ly to yay fu~ly a~y prr~n;,,m ~heief~ a i~ an~ rospect fail b~form, d~scharge, execute, eifecf, compkte, comply wirh and ab~de by this covenant, or a~y part 6e~eot, sa~d MGRiGAGEE may piece +•~d peY te? such insurance w ar+y ps~t thereof w,rhout wiiving or aifencep any pption, lien, eyuiry. or r.gl~t under e~ by vi~r~,e ui this MonyaQe. and ~he tull amo„n~ of each and svKy such payment ihall be ;minediatcly dw and p~yable and shall beu inec~rst from the datc thcreoi un~i1 pa,d at the ra~e ot n~ne ps~ c?n~um pe~ annum and ~o~ether wi~h sucA intcrrs? ~haN be secu~ed by the li~n of rA~s rnortgage. 7o permit, comm;~ w svffa rto waste, ~mP,u~•,en~ o. de~e,;wa~~on of sa~ property or any part thereof. 5. To pay ell and singutar ti~e cosrs, charges ~nd e:penus, inctudiny a reasonabk snorney i fee sr,d cos~i of abstrac+s of ~~He, ~ncu~red w pa~d at any time by ~a~d MCRTGAGfE, betause w io the cvem of tM fa~lure on the psrt of ~he sald MORTrAGOR ro duty, promp~ly and fully perfwm, d~uharge, ~,ercute, ef(ect, c~nptete, comply with a++d ab:de by each and every thc ~tipularwns, ag~er~nenis, cond~tions, and tovc~snri oi said p~om~ssory no~e and eh~s mwrgage ~ny or c;ehe~, and sa,d cost~, charyes ~nd expei?ses, e~ch and every, shall be immed;ately due and paysb!r, whe~hc~ a not ~here be no?~ce dr maod, attempt to colkct o~ avit pend~ng; and the fvll smo~nt of each and every svch paymcro shaH brar inre~est From the da~e thercof ~niil ~;d at rhe r~rz of r,:,.! p~r cenr~m yxr annum; and all said costs, char9es and capcnset incurre<3 or paid, ~oge~lxr with such inlereat, shall be secured by fhe I~en of this mortgsge. _ 6. TAat (a) in tne eveM of a~y bre~ch of t!w Mwtgs9e or defauU on the part of the NWRiGAGOR, w(b1 ;r~ the event any of sa;d sums of money Rerein ~efe.red to be noe prpnpUy and fully p~id wi~hin ~n~«y ~301 days nex~ after the same uverally becpne d~e and payablr. wi~lw~:t demancl o~ nonce, or (c) in the event rsch and every ~he stipulataons, agretrr.en~s, ca+d~tions snd coven~nb of sa d promisso~y not~ and ih~s mortgage any w e~ther, are no~ iuly, promptiy a+tid t~7ty pe~tormed, d~scha~ged, txecuted, effected, canptered, compl;ed wiih snd abided 5y, then in either o~ any such e~em the sa~d ag gregate wm mentioned in said pra~niuory note then remaining unpatd, with insrresf secrued, and sll moneys secu~ed hereby, shall beccxne dve and pay- eble forthwith, w thereafter, at the option o( said MORIGAGEE, as fully ard compte~ely ss ii all of the sa~d su~+s of money were org;netl~ s~~pu:ated ro be pa~d on such day, aaything i~ sa:d pranissory note or in thia 1Nortgage b the contrary notwithst~nding; and thereupw~ or thereafter at the opr~on ot sa~d MORTGAGEE, without norice or dema~d, svit at I~w w in equity, thereicre or thereafter begun, may be prosctuted as if all money yecured hereby nad matur~d pr~w to its ins~itution. 7. Thsf in the ever+t ~hat at the beginn,ng of or at ~ny time pe~ding any wit upon tfiis Mwtgsge, or to foreciox it, or to refwm i~, o~ to enforce Fayment of any claims he~evnder, said MORTGAGEF sMll apply to the Covrt having jurisd~u~on thereol fw the appo~ntment of a Rece~re:, s„ch Ca,r~ sl~all fc:~hwi~h apppint a rece~ver of sa~d mortgaged prop~rty a11 and singulu, includ~ng al! ~nd singular the ~ncome, prof~~s, issues and reven~es from whatever a.~r.ce derived, each ar.d every of whKh, it bc7ng expressly unders~ood, is hereby mortgaged as if speufically set fa~h and dcsaibed in the g,anung and habendum dauses hereoi, and such Receivr shap have atl the broad and ef(ecrive funcnons and powe:~ in a~yw~u entrusted by s Court to a Recriver, a~d t:ch appointment shatl be made by such Covrt as an admi~red equ~ty and a maner of absolute r~ght to said MORiGAGfE, and w~fhout reference to the ndequaq a inadequacy o~ the value of tne pronerty mor~9aged or ~o the soivency or irsolvency of sa~d MORTGAGOR w the defer.ciania, and rhat such re~rs, profits, income, issues and revenues shall be appi3ed by such Receircr atcord~ng to ~hc Iie~ or equity ot sa~d MORTGAGEE and the practKe ot sucA CourT. 8. To duly, pomptty ~nd fully periwm, dlscharge, eaecute, effect, complete, comply wifh and abide by each and evcry the st7pufat~au, agreeme~is, condit'am and covenanis in sa,d promiuory note and th;s mortgage set foreh. 9_ That in the event the ownership of the mwtgayed p~~m;ses, or any parr thereof, becomes vested in s pe.ton othe~ ~han tF.e MORTGAGOR, the h'.ORTGAGEE, its successOrs and ~ssigns, may, withouf norice to the MORTGAOR, deal w~th such s~ctessOr or successor in interest with reference to this r*.or+gage and the debl hereby secured in the same manner ss w;th Mortgago~ without in any way vir~ating or d~scharg~ng the JNo~tgagors' liabiliry hesr under w upon the debt hereby secured. Np sale of the premises hereby mortgaged and nv furbearance on Ihe part of the MORiGAGEE w its successws or ass~gns and no eatens~on of the ttme fa fhe payment of the drbt he -uy secu.ed given by the V1pkTGAGEE ar ~ts successws or au:gns, ~.Sall operate ro release, d~uharge, modify change or affect 1he wiginal liability of the MORTGAGpR herein, either in whote a in part. 10_ h is specifically agreed that time is of the essence ef Ihis tontrad and thsl no waiver of ~ny obl~gation hereunder p of tiK oblgation se- cured hertby shaU at any time ~tKreafter be held to be a waiver of the terms htreof or of the instrume~t securec~ herby. I 1. In add~ticn to the forego ng mon~hly paym-nts of princ'pal and inrerest reGuired by the promcssory nu!e sec~red hereby, mortgagor covenants ' a~.d ag~ees to pay fo m.o:tgagee ,~~th each monrh(y payrnent an add~~ional sum est~mated by mortgagee so be equal to 1; 12 of the annual ccst of the fotiox- A-All reai prpperty ta:es lev~ed w assessed agai~st the above described reat esfate. B-Prentiums on ~ire anti windstorm ~nsurance as Fere~n requ:red Io be ca~ried on the imp~ovtme~rs siWate on the above dexribed premises. C-?remiu+.~s on such mortgage guaranty ~r.wraocr as mongagee shail from t~mr to time deem fit fo csrry on the ban sewred hereby. Matgagee shall fro.n time to ti~ norify mortgagor in writ~ng of the a~,ou~t d~e and payable hereu such sum shall thereupon be due and ~aya6le on the d~x date of the next monthly payrt+ent and tach successive mo~th thereafrer ur.tit mwt Ij•'not'fy mortgagw of a change in such ~~:ovnt. $uch sums sF.a:t be a~plied by mortgag~e toward the payment of real properry taxes, insu e prem s, mtd guaranty insurance n•emiumS. . . ~ ~ IN Y~ITNESS WHEREOF, the saSd MORTGAC,dR has hereunro set his hand and seal the dsy~. ir ~rst f esa' i~~°f igned, Sealed iive?ed in the presence of: j w _ . t . ~ ` ~ ~GL~- al~ _ , ar e on . oag ~ SeaQ - - (Seaq - .:t "l . ~ CC ~2-~s1/ ~ CITY OF~ KINGS'~N, Pegg, . k~ongsam.. (~a~) ~ ~S~OF AMERICA. # ~ a~+o.~ ~~.~c,, a~ar~ _ Barles~on p. Wonqsan and _ Peggy C. Wongsas ha wile, to ~+x welt krwwn and k~own to me to be rhe ir~tviduals dexribed in and who executed ti~e fwegoi instrument, and aclcrwwledged bef«e me that they executed the same iw the pwposes therein ~xP.~:xd_ a~ ~~a• ~eggy C. Wangsa~ +~~fe of the said Sarleston A. Wongsa~ upon a sepuate and p~ivate eaam;nation by me ~N~Canf~~teU tiparllfrom her uid Iwsband, xknowledged to and befwe me that s!x execvted said instrumem freeiy and voiun- rar~~ y and w~r F w ~ f r sn q,corrqus 7 Ds, con~r~a 6 l.'PPPfe h e n s~on, w fear of or from he: said husband. v 14'~l Fe~rua WITNESS_rr~~'4uid a~d off;cisl'sealwfi~it fi day of- ry~ ~ A. D. 19 73 ~ _ _ . . ~i ; . 1 ~ , ~ i ' .I~ : ~ il i~. ~ - . , ~ : ~ , T P~nc Y ~inf~tna?fida~r . • ; : 'MY'Eernnwssiar~ ' OS~ .~an~ R'""}" -j9T ~ r. of the United States of America First Federal ~~avT~pi~b" Iosit ~fio~y ~ Fo«`~,,~„~.•~ at Kinqston, Jamaica for+,P~-.'ert~ Florida~ ~~;,,Y Coa~ission e~ires: Indefinite J~~, This Instrument Prepared By J. H. Roberts~ Jz. ST lU iL G~tJpTrFtA. First Federal Savings 8~ Loan Association p r~: ~ ~f Fort Pie?ce ~ Rlorida ClE x~~r,;,U~t C URT P.crnc;~ Yt :;-~:D` I!" , C hec ked By " FE8 3 02 PH'13 socx 21~ r~c~ s~$ 248 244 ~ . ~ r . . . _ _ - . _ _ _ _ _ _ _ _ _ '