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To pl~c~ and continuously keep on the bu~'d~ngs now a Ae.eairN s:+uaM on sa~d land ~nd on +II equipmem ~nd psrsonallY cove~ed by ~his ma~~
p~, with dl pr~m~wns ~hercon pa~d ~n full, I~re ins~.ance ~n ~hs ~~wl su~dud poiicy fo~m, in s ~uT approved by rht MORiGAGEE, u+d windstwm
inwranc~ in the uwal stsndard pol:cy (arr4 ~n a wm approved by tha MOR1Cs~GEE. N? such con+pu+y w companies ~s th~ MORTGAGEE may
dkec~r Md aU fire and w:ndi?orn+ inwranc~ poiicies on any of s~~d bvi?dny~, any intN~st the~ein o~ pa~t the~eof, in tlu aggreya~e wm ala~said w
in ~ac~fs thenof, shall conr~in ~h~ uswl s~ardud ~no~re9+ps~ dws~ a wch o~ claus~ ~s tM MatpaQee m~y requ;r~, ma?iny ~hs loss unde+ ~a~d po!}
cie~, ~ach and every. p+yab4 a wid MORTGAGEE as ~n intNNf rtNY ~fPfa1. and e+c1+ and ~ve.y ~ucA poi~cy ~MII b~ promp~ly e~s gned and delive~ed ~o
~ny hsld by sud MO~TGAGFE ~s fwther sec~rity to s~d mort9+9e deW. and. no~ les~ than ~~n l10) days in advance oi the ~apirat~on of each policy, ~o dr
tiw~ ~o ~aid IMORiGAGEE a r~newal Merwt. ~o~~1w wieh a reu.p~ for the pemiwn of wcb renewd; and ~here shall be no f~~e a windstorm iniuranc~
placrd on any of said buildinp~„ aey in~e~sst Nierein or put ~hered, unkss in th~ forn~ and with tM Iw~ parabb ai a(w~said; u+d in tM ~vent any sum
oi mon•y becomes pa~ab~e w+de. such pos~cy w pdKas •+~d N?OatG~GfE sh+U haw ~M opr~on w rece~w a~+d ~pp1y ths same on accoun~ of the indobted-
n~ss secwed he~eby w a p~nnif sa~d MORTGAGORS Io receiw and uf~ it a any pa.f ~he:cof fo. otF+er purposrs. w~~tiou~ ~ha•nb~ wa~v„ig o. ~inpair-
inp ~ny eqv~ty, I»n o~ rphl under « by virrw of t1w narryags; and in tM evau ~+:d MORTGAGORS shall iw any ~eason fail to keep the sa~d p~smi:rs w
insured, or fai) b delive~ por:~pily any d said policies of +nfwanct to s~id MORTWIGEE, or fail promptly fo pay fvily any premium therefor w i~ a~y
r~spett fail w pe~fam, d~xharpt, exewte, eff~ct, compkts, complr wiih and ~~idt by tlia covs~+nt, w ~ny pa~t hereof, s~~d MORTGAGEE may p~ace and
paY fw wd~ 6uwancs or ~ny part thereof wid+out wai,rinp or affeninp any optan, li~n, equ~ry, o? ri~h~ under « by virfw of thii Mortgaye. ~nd the
full art~ovnt of each and rvery wch payment fhall be w~rnedi~teiy dut and pyable and ihall bear intaest irom tFa d~tt theieo( until paid at the rate ot
nine psr centum p~r aivwm u+d rogr~hea with wch ~nreresr sha11 be secwed by the lie~ of tha mat~ape.
1. To permit, aam~it or wffer no wasre, impaKmei?t or deterioration of sa~d property or ~ny pKt thereof.
5. To pay dl and singvla~ the costs, cha.9es and expe~ses, :nclvd~..y a reasonable ~ttorney
s fee +nd costs of abstracts of title, incur.ed w pa~d at
any tY++e by s+~d MORTGAGfE, because a in ~he event o1 the fa~lwe on the pan of the said MORTGAGOR to du1y, p.omptly snd fully pe~fpm, d~scha~ge.
eatcute, effect, comp{ers, comp#y w~th snd ~b:de bq each and every ~he stipula~ans, agreen+enn, conditions, and oovenann oi uid p.omhsory note and thi~
mat~ape any w eitl~. and sa~d cosb, charpes and experoes, each +nd wery. sh~11 bt inrnediately due and payable: whether a not there be notice de~
mand. ~nemp~ ro oottec~ ar wW p~nd~.~p; ~nd ri+e firtl amourr of each and ere.y uxh p+rmen~ shall bear ineeres~ from tl+e date ~hereof until paid e> >he
ra~e of nine per cenrum per annu.~+; a~d afl said cosn, chuges u~d expensea inaxred a paid, together w~th such interest, ihall b~ secured by the lien of th~t
martyay~.
6. Thst in the erent of any beach of this JNortgag~ w default m the pan of tfie MORTGAGOR, a(b) in the event ~ny of sa~d sums of money
he~ein refened ro b~ not prampHr and iuliy paid within thury (30) days next after the sarne sevually betome due and payable, without de+r+and or ~oticr.
or in the event each and eve~y ~he stipulations, ~greements, cond~tans and coven+nn of sat! promissory nofe and th~a mortgage any o~ either are not
iuly, promptly and fu11y perfwrned, d:sc.#iarged, executed, effected, cempkted, complied wirh and ab:dod hy, then in e~ther w any such eveM the said ag
gregste swn msntia+ed in said promiuwy note the~? remaming unpa~d, with inte~eat xuued, and a:l moneys secured hereby, shall become due and p+y-
abk forthwith, p II1lYNf1N, ~f fhe opt:on of said N10RTGAGfE, as fully and completely as if atl of the said wms of money were wigi~ally st~putated
to be pa~d on such daY, anyth~ng in u~ prom+uory note or in rhis Mongagc to the comrary norw~~hsranding: and ~hereupon a thereaftcr at the op~~on of
said N10RTGAGEE, without nwKe o? dem~nd, wit at law or in equ~ry, therefwe a thereafte~ begun, may be prosecuted as if all moneys secured hereby
nad mawred p.ar a iri irotitutan. -
7. TFNT I/f fI1Q lYMt ihiT if fF1! E1l~YMM9 of or :t ~ny time pe~ding u~y w~t upon this Mortgsge, or to fweclose it, or to refo~m it, o? to enfwce
payment of any claims he.evc+der, said MORTGAGEE sMil apply to the Court having jurisd~ction thereof for t!?e appoiotment of a Receiver, such Court shall
Forthwirh sppc~int a recei,re~ o( ssid mwtgs9ed property a11 snd singula~, includ+nq all and singvlu the irxome, proiits, awes and revenves from whatever
wurce derived, exfi a.d every of wh;ch, it bc~rg eapressly unders~ood. is hereby mo?tgaged u if spec7fica(ly ~et foHh and dewibed in tlx grantir?g and
hsberulwn davses hereof, and wch Receiver shail fyve all the broad and effecrive functans and powers i'n`in~rise erMrvsted by a Court ro a Receiver, and
such appoin~ment shall be made by wcl~ Cowt as an ~dmitted equity and a matter of absolute rigM b s+yd MORiGAGEE.,.ind withovt re~erence to the
sdequscy or inadequacy of the vatue of the poperry mwtg~ged « to ihe so~rency or insolvency of said MORTGAGOR w the defendants, and that such
renrs, profits, incane, ~swes snd rerenues shaU be app~ied by wcf? Rece+Yer accord~ng a the l~en or equity of said MORTGAGEE and ~he pract~ce of such
C.ourt. ~ -
8. To dvly, prompHy and fvlly perform, d~scharge, e:ecute, effect, corrplete, comply with and abide by each aad every the stipulatiw~s, agreements,
conditio~s and owrenann ~n u~d prom;ssory nore and ~i.is mwtgage ser fwtl~ .
9. That i~ the event the own~rship of the mortgaged prem~ses. or any part thereof. becomes vested in s person other tha~ the MORTCaAGOR, the
MORTGAGEE, its wccesson ar+d auigns, may, wirhoul notice to the MORTGAOR, deal with such wccessor d wccessor in interest with reterence to thi~
mo.-tgage and the debt hereby secwed in the same manner as with Mortgagor without in any way vit~aring or d~scharg~ng the Ma~gsgors' liabiliry herr
under a upon the debt hcreby secured. No sak of the premises hereby mwtgaged and ~o forbearance on the part of the MORTGAGEE w its successon
ar sug~n u~d no extension of the time fot the payment of the debt hercby secured given by the MORTGAGEE w its successws or assigns, shall operate
ro release, d~schar9e, modify charge a affect the aig:nal liab~t~ry of the MORTGAGOR herein, either in whok or in part.
10. tt is specific~lly agreed thst time is of the essence of fhis coruracf and that no waiver of any obligatan herevnder w of the obligation se-
cured hereby shall at any time tMreatter be held to be a wai~a of the terms hereof a o( the instrument secured herby.
11. In add:tion to the iwego:ng rrwnth!y paymr~ts of prirK pa1 and interest required by the promiuory nore secvred hereby, mortgagor covenants
and agrets to pay to mo:igagee witb eacA mon~hiy pa~r.xnt an addniona~ wm est~m.ated by mortgagee to be equal to 1/ 12 of the annual cost of the follow-
ing: ~
A-All real property taaes levied or usessed agai+sst the above desc.i5ed real estate.
' B-Prerr,iurns on fire and windstorm iruurar.ce as here~n requ:red to be ca+ri«d on the +mprovements situate on the above described premises. ~
; i
C-Premiums on svch mort~age gwranty imu~a.-ce as mo*~gagee shalE frcm. s~me to time deem fit to carry on the loan secured hereby.
I Mortga9ee shall from t~me to ti:ne nos~iy mortgagor ~n writ~ng of tl~e ur.ount d:x artd payable hereunder and such sum shall thereupon be due and
~ payabk on tF?e due oate of the neat nwnthly payment and each succeasive month theresfter ur.til mortgagee shall ratify mortgagw of a change in such
~ amount. Such wms si:all !x app~ied by mwigagee foward rhe payment of .eal propMy ta:es, i~surance prem:ums, and mortgage guaranty insurance
f premiurtn_
~ IN V/ITNESS V/HfRfOF, the said AhORTGAGOR has hereunto set his hand and seal the day and yeu first aforesaid.
~ ~ ned, Seakd an deliver the presence of: e x
f~.EO +t11D RECOi~Et ~ ~ i, U, (Sean
_ ~ ~g
pa~~ ichael D. Leathez~?ood ~,q ~
CLERR C1RC11R ~RT .Eo • a~et~~¢.L Seaq
?EtsRD YERlftfp_~.~,y,_ ~o yn Leatherwood cx,~ ~
STATE OF fIORIDA ~ ~ 261334
co~Nn oF St. Lucie
~fa~ ~.~«,~~iy,~a,~a Michael D. Leatherwood
~ZOlYi1 Leatherwood h;s wife, to me well krawn and known to me to be 1
the ind;vidwb desuibed in and who executed the foregoing instrument, and acknowkdged befwe me that they executed the same for the purposes
~
~,~.~d. A„d .~~a - Cazolyn Leatherwood
w~fe oi the ~d Michael D. Leatherwood ~Po„ a separate and private
e.amination by me taken separate and apart from her s id husband, stknowledged b u+d e me that she exeaofed'zsidy instrument freely a~d volur?-
rarily and witF~o~t u?y compulsion, constraint, appreh ~~qwflar of or from her said / ,,r,• y
WITNESS my h~~d snd official seal th" -:day of - A. D. i9 73
_ I~ •
~ Notary Public in u+d fw the StaAf bf Horidf~at l~rQq_'.
~ My Cart~miuion expires: _ _ y, = ~ r ~
k Return To- _ ' i~ ' ~ _
: t' ' _
~ Fint Federal Savir?gs b loan Associat:on v `
Of Fort P~erce. ~ ' ~ '
~ _ .~•t~ r!'~'~~ . ~ ~
Fon P~erce, fla~da .i,'~ ~ r, ~'`zCj -
`/y fi'~t
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This Instrument Prepared By J. H. Robezt s~ Jz . ~
First Federal Savings b Loan Association
of Fort Pierce ~ Flor ida
~h~~~ B eoa~217 P~152~ ~
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