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Home My WebLink About2789 3. To pl~c~ end contin~ovsly keei? on the bui'dings now a Mreai~t~ situa~e on ssid ~and and o~ ~II equipmem ~nd p~non~lly covaed by thi~ ma~¢ p~, with ~II prsmivmi ~hereon paid in iull, fire iniura~ce in ~ht usual tundacd policy lorm, in • ium •pp~oved by the MORfGAGfE, a~d winds~am h~wranc~ i~ tM usual ~~andard pol~cy fam, in a s~m approved by tF~e MORTGAGEE, in s~ch company a comp~nies ss the MORTGAGEC may dirsc~; ~nd all fir~ and wind~torm io~uranc~ policie~ o~ my of said bui{~~r+p~, ~ny i~ter~~t the~ein or par~ thereo(, in 1M a99rey~tt wm ~fortsaid O~ In ~:uts Il~ereof, shall con~ain th~ uswl irandard mor~qa9e~ clausa a such o~ha clause as tM Mwtyaye~ m~y requir~, malinp ~h0 IOfi VMIN f~N~ POI~ ciss, each and e~e~y, paYablt to said MORiGAGEE ai i1i inte~esl may apps+?, and each and evay ~uch poticy ihall be promp~ly ass.gned and de~ive~ed ~o any held by ia~d JNORTGAGEE ss furthe~ secv~ity ~o said mortgage debt, and, nol les~ ~han ta? (10) days in advance of ~he expira~~on of e~ch policy, to dr IivN to said MORTGAGEE a renewal /Mrwf, ~o9erMr with a rete'rpt fa the premium of suth renewal; and there thall be no fire or windstorm ins~r~nce placed on ~~y oi said buildings, any interest thcrein or parl the~eof, unless in the fo~m and wi+h 1M Iws payable as aioresaid; +nd i~ t1?~ evsnt any ium of money becomes payable unde~ such policy a policie~ wid MORTGAGEE thali have tM opta~ ro receive and apply ~he same on accoun~ of the indeb~ed~ neu secur~d he~eby p? !o permit said MORTGAGORS to ?Keive and use it w any part thereof fo~ other purposes, w~~hout Ihr~rb/ waivi~~g _ w m~pair- ing any equity, lim w right under or by virtue of this morsgage; ~nd in the event ~a~d MORTGAGORS ihall fo~ any resson fail to keep the said p?emiaes w insured, w faif 1o deliver promptly any o) said policJes oi i++sursnte to said MORTGAGEE, or fail promptly to pay fully ~ny premium the~efor o~ in any respM fail to perfwm, discharge, execvte, effect, complete, comply with and abide by this covenan4 or ~ny part hereof. ~sid MORiGAGEE may ptace a~d pay fw such i~surance w+ny part thereof without w+iving or affectinp any option, lien, equity, a right under w by virtue of this Matgage, and the fu11 amount of exb ~nd eve~y such payment shall be immediately d~re and payable ~nd shall bear interes~ i~om the date thereof uotil paid at the rate ot nine per tentum per a~num and to~ether with such intereat shall be secured by the lien of this mortgage. 4. To permlt, commit or suffer no waste, impairment or detcrioration of said property w any pa?t thereof. 5. To pay all and si~guls~ the costa, charqes and expe~ses, i~cluding a reaso~able afforney i fee and costs of abstracts o( title,. incurred o~ paid a~ any time by said MORTGAGfE, betause or in the event of ths failu~e on the part of ~he ssid MORTGAGOR to duly, promptly and fully perform, d~xhargq execute, nficct, complete, comply with and ab~de by each and every the atipulstions, agresmenn, conditions, and covenants of ss~d prom~uory note and thii mwtgage any or either, and sa+d costs, char9es and expeoses, each and every, shall be immediately due and psyable; whe~her a not there be notice d~ mand, attempt ro colled w suit pending; and the full amount of each and every such payment shall bear intelest from the date ~hereof until paid at the rare of nine per centum per annum; and all said costs, charges and expenses incw~ed or paid, together w~th such interest, shall be secured by the lien af this . mortgsge. 6. That (a) in the event of any breach of this Mortgage o~ defaul~ on the part of ttx MORTGAGOR, w(b) in the event any of satd sums of money 1 herein refe«ed to ba not promptfy and fuity paid within thirty (3p) days nexf affer ~he same seve~ally become due and payabte, wi~hout demand w notice, or (c) in the event each and every the stipulations, agreemems, conditions and covenann of sa:d promiuory note aod th~s mortgage any w either are not iuly, promptly and fully performed, d~scharged, execufed, effected, completed, complied with and abided by, tkm in e~ther a any such event tha said sg gregate wm mentioned in said p+omiuwy nore then remaining urtpaid, with interest acuued, and all moneys aecured hereby, shall become dve and pay- i able fathwith, a thereafter, at the option of said MORTGAGEE, as fully ard completely as it all of the sa~d sums of money were wiginafty st~pulated to be pa~d on suth day, anything in satd promissory note a in this IVbrtgage fo the connary notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law o? in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby had matured pna to its institution. . 7. That in the event that at the beginning of or at any rime pending any suit upon this Mo.tgaye, w to fo~eclou it, or to refwm it, or to enforce paymeN oi any claims he~eunder, said MORTGAGEE shail apply to 1he Court having ju+isdiction thereof for 1he appointment of a Receiver, suth Courf sha~l fonhwith appoint a receiver of said mwtgsged property al{ and singula~, intlud~ng all and singular the income, pro(ds, iuves and ~e~enues frpm whatsver source derived, each and every of which, it being expressly understood, is hereby mortgaged as if speuficalty ut fw~h and described in the g.anting and habendum clauses ixreof, and such Receiver shall have all the broad and effective funcnons and powers in anyw~se entrusted by a Court fo a Receiver, and such appointment shall be made 6y auch ~ourf as an admitted equity arxJ a matter ol absolute right to said MORTGAGEE, .and without refererxe to the adequacy or inadequaq of the valve of the property mor~gaged or to the so~vency or insolvency of said iNORTGAGOR or the deiendants, and that such renta, profits, income, issues and revenues shall be applied by such Reteiver accordi~ to the lien or equity af-said MORTGAGfE and'the p~actite of such Court. _ 8. To duty,_promptly arid fully perfwr+~, discharge, execute, effed, complete, compty with and abide by each and ~very the stipulafions,'agreemenft, conditions and covens~ts in sa~d promiasory note and this mwtgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part ti~ereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, wirhout notice to the MORTGAOR, deal with such successw or successw in interest with re(erence to this mortgage and the deiot hereby secured in the same manner as with Mortgagor without in any way vitiating o? d~uharging the Mortgagors' liability herr under a ~pon the debt herehy secured. No sale of the p~emius bereby mortgaged and no forbearance on the part of the MORTGAGEE w its svccessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succesaors or au~gna, shall operate ! to release, d~xharge, modify thange w affecf the original (iabi{ity oi the AAORTGAGOR herein, either in whole w in pait. 10. It is specificaiiy ag~eed that time is of rhe essence of this contaav and that no waiver of any obl~gation hereunder or of the obligat'an sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby_ _ I1. In add~tion to the forego:ng monthly payments of princ'pal and interest requ~red by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee wirh each monthty payment an add~r;onal sum estimared by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~ist thc above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvrme~ts situate on the above desuibed premises. C-Premiums o~ such mwtgage guaranty insura.ace as mortgagee shall from time fo time deem fit to carry on 1F~e loan secured hereby. Mortgagee shall tiom time to time notify. mortgagor in writ~ng of the amo~nt due and payable hereunder a~d such sum shal~ tF:reupon be due and Fayable on the due date of the next monthly paymant and each svccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. $uch sums sF.a(I be apptied by matgagee toward the payment of rea! p~openy taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year firsf aforesaid. Signed. Sealed and delivered in the ptesente of: v D ' ~ Wi2lian D. Ko usc , a s ng e~ ! adult ~~n , _ r5eaq ~ ! STATE OF IONa ~ ~ ~ ~ ; ~ COUNTY OF _ ( 1 ~ ~fa~~~~,~~•~~a~~-l-_William D~_Kobusch,_a_single_adult - ~ -,n,~ } ~ ~n~' - -ieh~vllr,~o me well known and known to me to bs i ~ the indivjdyrf~~: .yvho executed the fwegoi instrume~f, and scknowledged before me that ~ ?~9 y executed tfie same fw the purposes i rhereio e~r~ ''/I~~fhe~sl~~..?~____~~_--___~__~__~~~~~~__ ` ~iie"vT1lf4, :~._K~a.~__~__~_________~_~~_________~________~__~_~__ vpori a sepsrate andpr'ivite i ~s~?~L'~p.N ~rs~w ~cr~.;d ~esbe~ ~eknowAedged ~o-snd befe?c me rt~il+Eescrco~ sartl~nsn~lnsen?rtrt~f~T antl'tralo?~' ~ j b*+hr e^f Zen+AA~~r cGnAratm-apprlFRnstort -tf? t~3ref ~bT TrII~if fieT 3aTd'husb3 s : r ~ ~ 73 ! Wji~~ my hand ~st~~~v2~'scal this ~ day of A. D. 19 , o.:..........7~ . e. ~ ~ : -~a~~~ `s ~~~~~%~e~~~~~~;~~~~~~~~~, Nof Public in snd fpr the Stafe of ~r~u~, ef lsrge _ My mission eapires: ~ Retiiin ~ To: 7 - 7~ t First Federal Savings a loa~ Association ~ Of Fort P~erce. , fort Pierce, Fto~ida i F ~ t ~ This Instrument Prepared By J. H. Robetts ~ Jt, p~~0 ~fCpROtO ~ ~ First Federal Sav;ngs b Loan Association ~T WC1f C41tM1Y /LA. ~ of Fort Pierce Florida ROCfF ~~t11tlt ~ ; ~ ' CLE~K Ct`.~JtT COURT s Checked By ~ECOa" VFR:f IEO ~ bao~ 2~3 Pa~~ 278~ ~ 9 jo ~v ~~73 ; ~ ~ sb ~ 2539'71 - - - - - - - - ~ . ~ X~~'+4~`^F+-.S~~~ :