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J. To plxe snd cantinuously keep on the bui:d~ng~ now a he,caher s;fw~~ on f,~d t~nd a~d on alt equ~pment ~nd penonaliy core?ed by ~hfs ma~Q~
ap~. with all pem~v~ni thercw~ pa~d in full, fire iosvra~ce ~n ~hs ~iual iurda~d polity Iwm, i~ ~ iu~n •Pp.o~ed by tM MOR~GAGEE. ar+d w~nds~arn
insuranc~ i~ ~M uswl ~~andard pol~cy fwm, in • sum approved by th~ MORTGAGfE, in tvch tampany o~ co+npw+:~s ~s ~he MORiGAGEE nwy
duect; and all iir~ and windswrm in~urance polKie~ a? ~ny oi s~id buiid~nqs, ~ny imeres~ therein a pa~t therwi, in tFr ~py~c9~~~ w~n aioresa~d or
in ~,ccess the~eof, sMll comain fhe ~ival siandard mor?9a~N claus~ u such o~F~ cl~us~ u ~he 1No.t9a9e~ may requ~re, ma?inp rhe ?rss ~nda sa~d po1F~
tias, each •nd evcry, payabte eo said MORTGAGEE as in interest may appear, and each u~d tvery tuch pol~cy sMll be prompdy us 9ned ~nd de?ivered ~o
~ny held by s~~d MORiGAGEE as fu~the~ ~ecurity to iaid mort9aga debt, ~nd, nw kss ~han ten (101 d~ys in advanca ot ~he ~apiratcon of each potKy, to dr
IivN to isid MORiGAGEE a ~enewal thereof, toge~lw~ with • race~pt Fw fhs premi~m o( ~uch rencwal; and thero sha11 be ra f~re w w~nds~o~m i~surance
pl~ced on any of said buifdings, any iMereil thcrein w parl thereof, unleas in tM fwm and with tM loss payabte at afuesaid; and in the evem any swn
of money becpnes payabte under such policy w polKies said MORTGAGEE shsll Faw tM oprio~ to'receive and ~ppty the same on account of ehe indehicv~
neu ~ecured h~veby a ro permit ss)d lNORTGAGORS ro receivs and us~ it p any part thereol for otner pu~poses, w~thout fh_r~o~ waiv~.,g or ~mpo;r-
iny any equity, lien a righl unde~ w by virtus of thit mor:gage: and in ~M evem u~d 1NORTGAGORS shall (w sny reason fail fo keep ~he said premts~s w
inwred, w fail to deliver promptly ~ny of said policies of insurancs to ta~d MORIGAGEE, a fa;l p~omprly fo pay tuily any pre~~ium tlxrefo~ w in any
nspect fail to perfwm, discharge, execute, effec~, complete, compty with and abide by this covenanr, w any part hereof, sa~d MGRiGAGEE may piate and
paY for such insurance or any part thereof without waivirg or ~ffectinp aay option, lien, equitY. or right a~nde~ w by virrue of th:s MongaQe, ind the
full amo~nt of each and eveiy such payment shall be immediatety dw and p~yable ~nd shall bea. interesl from the date thereof u~iit pa:d at the rate of
n+ne pe~ centum per annum and to~ether with suth interesi shall be secured by the lien of this matq~ge.
1. To permit, commit or suffe+ no waate, impairmeM or deterioration of said property o~ ~ny part thereof.
5. To pay sl! snd singular the cwts, chsrges and expenses, incivding a reasonable etromey i fee and costa of abstiacti of tiile, incurred or pa~d a~
eny time by said MORTGAGfE, becauu or in the evem of the iailure on tF?e pa~t of ths said MORTGAGOR to duly, promptly ~nd futly perform, d~xharge.
execute, effed, compfete, comply with and abide by each and every the stipulations, egrecments, cooditions, snd covensnts o~ ssid prom;ssory note and this
mortgage any or ei~her, and sa~d cosh, cha~ges and expenses, each and eve~y, shall be immediately due and payab:e; whe~her or no~ ihere be not~ce d~
mand, attempt to collect a svit pend~ng; ar+d the full amouM of eacb and every iuch payrrKm shall besr inte~cs~ from ~he date thereof until psid at the
rate of ninc per centum par annum; and ail said costs, charges and expenses incurred or paid, togNher w,th suth inte~es/, shall be secured by the lien of this
mortgage. ~
6. ihat (a) in the event of any breach of this Mortgsge or defaulr on the part of the MORTGAGOR, a(b) i~ the evcnt any of w:d wms of money
herein referred to be no? promptly and fully paic! within thirty (3p) days next after Ihe same severaJfy become due a++d piyable, wi~how demand or notite
w(c) in the event each and eve~y the stipulations, sgrecments, cw~ditions and covenants of sa.d promissory note a.d th~s mortgage any or eifAer a~e nd
~uly, promptly and iully performed, d~scha~ged, eaec~ted, effected, compkted, complied with and abidcd Sy, then in e~ther w any such event the sa~d ag
pregate sum mentioned in said promissory note thcn remain;ng unpaid, with interest acuued, and ali moneys secured hereby, shall (xtort~e d~e and pay-
sble iwthwith, w thereafter, at the opt~on of sa~d MORTGAGEE, as fully and completely as if a01 of the said sums of money were w.ginaily stipulated
to be pa~d on such day, anything in said promisaory ~ote u in this Mortgage fo fhe contrary norwirhsrand,ng; and thereupon a theresfter af the op~~or? of
uid MORTGAGEE, without notice w demand, suit at law w i~ equity, therefore w thereaf~er begun, may be prosecuted as if all n+w~eys secured hereby
Aad matured pr~w to ~ts institution.
7. That in the evem that at the beginnirg of or at any firt+e pending any wit upo~ this Morrgage, or to foreclose it, o~ to reform it, or to enfwce
payment of any claims hereunder, said MORTGAGEE shslt apply to the ~ourt having jur~sd~cuon thereot for the appo~ntment of a Receirer, such Cuun shall
fathwith appoint a receiver .of said mortgaged property ail and singular, inclvd~ng all and singular the income, prof~ts, issues and reve~ues from whatever
source derived, each and every of wh;ch, et beirg expressly understood, is hereby mortgaged as ~f spec~i~cally se~ fu~h and described in the 9r~nting and
habendum clauses hereof, and such Receiver ahall have all the broad and effective funa.ons and powen in anywise entrusted by a Cour1 1o a RKeiver, and
suth appointment shall be made by such Court as an admitted equity and a matter of absolute rght to said MORTGAGEE, and withovt reference to the
adequacy or inadequacy of the valve of the property mortgaged or to the sotvency or ~nsolvency of sa~d MORiGAGOR o~ the defendants, ar+d that such
rents, profits, incorne, issues and revenues shall be applied by such Receiver accord~ng fo the lien w equity of wid MORTGAGEE and the practice of such
Courf.
8. To dvly, promptly a~d fully perform, discharge, execute, eifect, complete, comply with ~nd abide by each and every the stipulations, ~greert~ents,
conditions and covenaots in smd promisswy note and this mortgage set fath.
9. ihat in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person other than /he MORTGAGOR, tht
MORTGAGEE, its successo+s and auigns, may, without notice to the MORTGAOR, deat w~th such successor w succcssor ;n interest with reference to this
mortgage and fhe debt hereby secured in the same manner as with Mortgagw without in any way vit~ating a d~xharging tF~e Mortgagors' liability he~r
under or upon the debt hereby secured. No sale of the Fremises hereby mwtgaged and no forbearance o~ the pan oi the MpRTGAGEE o+ its wccesson
or assigns and no exttnsion of the time fw the paymenl of the debt hereby secured 9iven by the MORTGAGEE or its succe:sors w assigns, ,hall operate
to re!eau, d~xharge, modify cha~ge w aifed tt~e original IiabiSity of the AM1OQiGAGOR FKrei~, either in whok or in part.
10. It is spec7fically agreed that fime is of the esunce of this contracf and that no waiver of any obligation herevnder p of the obliQstion sr
cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof oi of the instrument secwed herby.
11_ In acid~tion to the fwego~~g monthly payments of princ pal a~d inrerest required by the prom~uory rwte sccured he:eby, mortgagor covenants
and agrees to pay ro mortgagee with each monthly paymeM an addifional sum estimared by mortgagee to be eq~al to i~ i2 of-the annual cost of the foibw-
ing:
A-AII real property taxrs levied or assessed agai~st the above descr;5ed real estate_
B-Prem~ums on fire and wind:rorm insurar,ce as herein requ:r~ to be carried on the improveme~ts situate on the above described premises.
C-Prem~ums on such mortg~ge guaranty inwrance as mortgagee sha(( irom t:me to time deem tit to carry on the ban secured hereby. ,
Mortgagee shail from t'rme to time notify mortgagor ;n wriTeng of the amouot due and payab~e hereunder and such wm shall thereupon be due and
payab~e on the d~e date of the next monthly payment and eath sutcessive month thereafter ur.til rtwrtgagee shatl notify mortgago? of a change in such
amour.~ $uch sums sF.ai! y~ app!ied by mortgagee toward the payment of reaf property taaes, insurertce .~em:ums, and mdfgage guaraMy inwraa~te
premiums_ .
IN Y~ITNE55 WHEREOf,' the said MORTGAGOR has hereunto ut his hand and seal the day a~d ar first afor
' ned, Sea!ed a delivered in the presence of:
n
Ro B R d
~ _~~t~ ~ ~ ~
~ R08 Y Sea~
~
STATE OF FLORIDA ~ ;
St. i.nc ie ~ i
couNnr oF ~ ~ ~ {
Befwe me personally appeared ROy B. Roadlander ~ 3
Rt1b ROdCudl7tlQZ his wife, to me wetl known and iu+own W me to be ~
the ~ndmduals described in and who ex?cuted the foregang instrument, and aclcnoyv{edged before me that they executed the sams for tht pwposes ~
thereio expressed_ Md the said_ R13by Roadlauder °
Ro B. Road2ander
, wife of the said y _
:.upoq a 3e'ps.ate ~pd priv~t~
examination by me taken separate and apart irom her said husband, scknowtedged to and beiore me that she execvt
ed said "halru at i
i ,PK .~l~ Y ~ vot~o-
tarily and riahout any tomputsion, constraint, apprehension, w fear of w from her said hus(aand, . - .
WITNESS my hand and offic~al seal thi~ f~.~~1/ day of ri ` "~.,•D:• 1V ~ 73
~ -
_ Notary Public in and fw the -~ta of F{orids ~t L~rpe
Return To: My Commissiw~ expires: i: r, . 7~
.f
first Federal Savings 3 loan Association NOIARt PU~l1T„'STATE d. FLOQwA ~t IARSE
Of Fort P~erte. M(V CpMN~$$~Off CfJ(Pl~~.q`$Ep'(. Q$, j9jrj :
Fori Pierte. Fiotida ~52129 ~b ~ ~i0~ ~ ~
This tnstrument Prepared By R• HoleYgeZ ~IACE~~N
First Federa! Savings & Loan Association
. of Fort Pierce ~ Rloz ida ~E f'
~ eAIRT ti?'
~-~.,L
Checked By ~ ~ ~ ~ ~ f~~ . , ,
3GGR 2~3 rA~E~ 214
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