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To plac~ and continuousiy keep on the bui'dinq~ now o~ hsreaftea aifwt~ on sald land and on ~II cquipmenl and pt?ionally covt~ed by 1hi~ mor~g~
y~. with all premiumi Ihereoe~ pa~d in luli, tire insuranca in th~ usu~i ~tandard po1~~y fwm, in ~ ~um approv~d by tM MORfGAGEE, and w~nds~wm
iniuranc~ In tM usual ~tandard pol~cy iam, i~ a ~um spproved by tM MORTGAGEE, in wth company o? companies ~s ~M MORTGAGEE may
directj u+d all i'u~ and w~nslstorm insurance policies a? any of said buildinps, aoy 1nN?rst tFrrtin or part ~hereof, i~ tM a9yrega~e ium alaesa~d or
in ~xcess lhereof, thall contaio ~he uswl itandard matya9ee clause or such aF?K claus~ ~s tM Mort9a9~e may requ~~~, makinp ?he toss unde~ ia~d poli-
cie~, each and everyr, p~yabte ro said MORTGAGEf a~ ih iMereit may ~ppear, and eacA ~nd ~ve~y iuch poliq shait be promptly ass.qned and deirverrd ~o
+ny held by iaid MORTGAGEE ~s further scc~rity ~o sa~d mortpage debt, ~nd, not Nss ~Mn te~ (10) dayi in advancs of ths expira~ion of eacA po1Ky, to da
livK ro said MORTGAGEE a renewal thercof, togelf~er with • ~eceipt ;or tAe pr~miwn of such re~ewal; and Ihere shall be no f;re o~ windttorm ir~sur~oce
placed on ~ny of i~id b~rildings, ~ny i~tereat therei~ or pait ~hereof, unless in ~F~ form and with tM losi payable at afa~uid; and in tM evenl any sum
of rt?on~y betpnts payable under auch polity w policies said MORTGAGEE shall Mw the opt~on to receive a~d apply the ume on eccount of tF~e indebred-
ness iecured hNaby u b pMmit ~aid MORTGAGORS to reteive snd use it or any paH thereof for othcr purposes, ~ritho~t 1ha~cbr waiving or unpair-
ir+y any equity, lien or right unde~ w by virtue of this mortgage; ~nd in the event said MOQTGAGORS ihall fw any reason isil to keep the said premisrs so
insured, o~ fail to deliver p~ompfly ~ny of said poiicies of i~svrsnte fo said MORIGAGEE, w fail promplly to pay fully any premium therefq or in a~y
reipect fail to pe~form, discha?ge, exocute, Offect, complete, comply with and abide by thu covenant, w any part hereof, ssid MORTGAGEE msy pl~ce •nd
paY fe? such insu~ance or any part thereof without waiving or affecting aoy option. lien, puity, o~ rght under a by virtue of this MorfBags. and the
fu!! +mount of each and evary sucA payment shall be imm~diately dw and payable and sMll bear interett from the date thereof ~n~il paid at ths rate of
ni~e per centum per annum and to~ether with such interest sl~all be secured by the lie~ of this mwtgage,
1. To {xrmit, commit q suffer no waste, impairment p deterioration of said property w any paA thereof.
S. To pay all and s~np~lar the~osls, tharges and expenses, inctuding a ~easonabte attorney's fee and costs of abstraC.s of tFtle, incu~re~d a psid st
eny time by said MORTGAGEE, because or in the eveM of the failure on tha p~rt of the said MORTGAGOR -to duly, promptly and fully perfwm, d~xharge,
execute, effect, complete, comply with and abide by each and every ~he stipulatiuu, sgreements, conditiau, and covenants of said promisso?y ~ote and this •
mortgage any w either, and ssid cosrs, charges and expenses, each and every, shall be immediately doe and payable; whether o? not there be notice do-
mand, attempt ro coI1M w suit pend~ng; and the (vll amovM of esch and every such paymeM shall bear ;mereit f~om the date thereof until p~id at the
rare of nine per centum per annum; and all said costs, charges and expenses incvrred a paid, together w~th such inte~est, shall be sec~ied by tl~e lien of thii
mortgage.
6. That (a) in the event of a~y breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the evcnt any of said sums of money
herein refer~ed to be not promptly and tully paid within thirty (30) days ~ext after the same sevcraily become due and payab~e, wirhout demand w notice,
or (c) in tF~e event each and every the stipulatio~s, agreements, conditions and covenants of sa~d promissory rwte and th~s mortgage any or either ~re no1
iuly, p?ompNy and fully perfwmed, d~uharged, executed, effeceed, completed, complied with and abided Sy, then in either w any such event ihe said ag
gregate wm mentioned in said promisswy note then rerr+aining unpaid, with interest accrued, and all moneyi setured hereby, shatl become due and pay-
able fwthwith, a thereafter, al the option of said MORTGAGEE, as fully and completely as if all of the said suma of money were origina!ly stipulated
to be paid on such day, anything in sa+d promissory ~ote w in this Mwtgage fo the contrary norwirhstanding; a~d thereupon or fhereaftN at the opt~on of
said MORTGAGEE, withovt notice or demand, suit at law or in equity, therefore or therea(te~ begun, may be prosetuted as if all rnwroys sec~red FKreby
had maWr~ pnor to its institution_
7. That in the eve~t that at the beginn~ng of or at any time pe~ding any su~t upon this Nbrtgage, w to fweclose it, or fo reform it, or to enfo~ce
payrrknt of a~y cla;ms hereunder, sa~d MORTGAGEE shall apply to the Court having jurisdict+on ~hereof iw the apFointment of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property all and singular, intlud~ng all and singutar the income, profits, issues snd revenues from whatever
source derived, each and every of whEch, it being expreuly undersfood, is hereby mortgaged as ;f spec;fically set. forth and dewibed in the granting and
habendum clauses hereof, and svch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by s~ch Cou~t as an admitted equity and a matte? of absoiute right to said MORTGAGEf, and witho~t referente_to the
adequacy or inadeqvacy of the value of the property rtqrtgaged or to the so~vency or insolvency ol said MORTGAGOR or the defendants, and ~hat such
rents, p~ofits, income, issues and ~evenues shall be.applied by such Receiver according to the lien w equity oi said MORTGAGEE and the p?actice of such
Court.
..B. To du1y, promptty and fully periorm, discharge, execute, effect, complete, comply with and ab~de by each and every the stipulatio~s, agreemeMS,
conditions and covenan?s in :aid promisswy ~ote and this mortgage set fath.
9. That io the eve~t the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person othe? fhan the MORTGAGOR, fhe
Mt?RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal wi~h such sucteuor w successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mlortgagor without in any way vitiati~g or dixharging the Mortgagors' liability F~ere-
under or upon the debt hereby secured. Mo sale of the premises hereby mortgaged and no (orbearance on the part oi the MORIGAGEE or its sutcessws
or auigns and no extension of the time fw the paymem of the debt hereby secured given by Ihe MORTGAGEE or its suctessors or assigns, shall operate
to release, dixharge, modify change a affect the original liability of the MORTGAGOR herein, eithcr in whok or in part.
10. It is speuficatly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tio~ to the fwego:~x~ monthly payments of princ'pal and interest required by the promissory nore secured hereby, mortgagor covenants
and agrees to pay to mortgagee vvith each monrhfy payment an addi~ional.s~m estimated by mortgagee to be equal to 1/iT of fhe annual cost of the follow-
;ng:
A-Alt real property taxes levied or assessed against thc above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on tl~e above desvibed premises.
C-Premiums on wch mortgage guarenty insurance as mortgagee sha(I from tme to tirhe deem fit to carry on the loan secured hereby.
Mwtgagee shatl from time to time notify mortgagor in writirg of the amount due artd paysble herevnder and such wm shall therevpon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall not;fy mortgagor of a change in such
amount. Such sums sh.all be appiied by mortgagee toward the payment of real property taaes, insurance prem:ums, and mortgage guaraofy insu~ance
premiums.
IN WITNESS WHEREOf, the said MOBTGAGOR has hereunto set his hand and seal the day and yea~ first aforesaid. ~
ig~ed, Sealed and delivered ' the presence of: ~
- °~~/i' !~F~~'!~l~t'!' ~~h~1/1~~C~~ilL/s='. !Jf
~ . ~ W lliaa Gtau~ard L3 h~o~
s< 4. t!ta c t -t ~CKc JI i an
' GZa?Ce W~A3f ed L~ildhol= r~aq
SiATE OF FLORIDA ~
.Slt• I.t~Cl@ SS'
COUNTY OF
Before me personally appeared - IIJ 121 . n±n~r d Lind ~ s a~
Grace Winitred LindhoL his wife, to me well known and known to me to be
the ind;vidusls described in and who exetuted the foregoirg instr~ment, arx! atknowledged befwe me that they executed the same fu the purposes
~herein expressed. And the said Grnce winiired Lindhola
wife of the said ~lilliaa Gunnard Liadhol~ upon a sepsrate and private
examination by me taken separate and aparf from her said hu nd, atknowledged to and before rn~ that she executed said instrummt freely and volun-
rarily and without sny compvlsion, cortstraint, apprehe f~a~ of or ' busband.
WITNESS my F~and and offic;al seal thi
y of A. D. 19
c.C~
Notary Public in sr+d ~w the State of Florida at large
My Commiision expires: , . . ~°'~s; fy
Return To: ' ~ ry/~i, '
First Federal Savinga a loan Association , ~ " ~
Of Fort P~erce. `l:;k1i;A at 1J~RGt ''.~`y, •
.J , 7. 197I , {
Fort Pierce, Florida ' ~ ' •
._:an.e G~ - l`~, +`*V ~ ~
253641 ~ ~ ~ ~ -
: ~ .
~ ; i~`'`
This Instrument Prepared By D. R. Nolerger fILEO At~e.~ RkC0~0E0 ~.;~e,rt4~ ;
~ ~
First Federal Savings & Loan Association ST.LUCIC C~7UNT1f FLA. ~ . E,
of Fort Pierce , Fla. RG6ER POtTRAS ( r..
~ ClERK C;~~UIT COUAT ~
Checked By REfORO YEf:~FIED
~~:~3 ~.,~F235z ~u?r +I ~ 3I PN'73
sb
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