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TO PIK~ and continvously kesp on the buitdings now w Mre+ftN ~it~~q on s~id land ~nd on ~II equip~nent and perwnalty cov~red by this morrq~
aq~. with +II premivms therea? pa~d in tull, fire insuranc~ in ~fa vausl ~undard 'poticy form, in • avm approved by tlw MOR(GAGEE, and windstam
~niw~nce !n th~ u~wl ~~andard pol~q (am, ~n ~ tium approvad by th~ MORTGAGEE, in wch compa~y w compa~~es a tM MORTGAGEE may
d'ued; ~nd aU (k~ and windstwm inswance policiei on any ot s~id build~np~, ~ny intf~~lt fFNtflfl Of psrt thereof, in th~ a~g~eyare tum ~fa~said o~
in ~acess the?wf, shall contain ~he uswl :tsndard mwr~ap~s clau~e or such o~ha tlaus~ as ~M Ma~y+yN may requ~r~, m~kinp tM lo~t unda sa~d po1F
ci~s, each ~nd ~v~ry, pay+ble to said MORTGAGEE ~s its interest may ~ppear, ~nd e~ch uu! tvery ~uch policy shall be prompHy ~u.yned and delivered to
~ny held by said lNpRTGAGEE u(urther ucurity 1o s~id ma~pa~ dabl, ~nd, nof ka lhae ttn 110? days ln aJvance of the expirat~on of each policy, 1o da
Gwr to ~sid MORiGAGEE ~ r~newal therwf, to~e~M~ with a receip~ (w tAe pramium of ~uch renewal; and ~Mre sh+ll b~ no f~r~ o~ winds~orm insuranc~
pl~ad on any of s~id buildirgs. ~ny intereit tl+H~in w part thereof, unleu in th~ tam ~nd wifh 1M loss p~yabt~ as •fo~es+ids and irt tM evtnl any wm
of moeNy becwnes payaWe unde~ such policy a pol;ciss fsid MORTGAGEE sfisll Mva tM option to receive and apply tM ~ame on +ccovn~ of ~he indeb:ed !
ness secured Fwsby p w permit said N{ORTGAGORS to ~eceivs and uis it p any part thereo} for other purposes, w~~ho~r th:~eb~ waivi~~g o~ ~~npair- ~
inp M+y pu:ty, }ien w ri~ht under or by virtu~ of this mo:tyage; and in the ave~t sa~ MORiGAGORS shall fw any rtawn i~il to kesp tha said ptemius w
insurtd, or f~i! 1o d~liver ptomptly ~ny of said polities ol inswux~ to said MORTGAGEE, w fail promptly to pay fully any prem~um thereior w i~ ~ny
resp~ct f~il w pafwm, d~schuge. ~xecut~, etfscl, comple~e, comply wirh ~nd abide by ih~s covena~t, a•rry par~ he.eof, said MORIGAGfE may place snd
pav fw wdi uraw+nce o~ any p+r~ thereof wi~hovt w•ivi~+y w~ffectinp any option, li~n, equity, a righ~ unde~ w by v~rwe of ~his Mor~9ays. ~nd ~M
full ~nt of each and ewry wcl~ payment shall be im~nediat~ly dw ud psy~ble ~nd shall beu i~teres~ from ths dats thereof until peid et th~ rate ol
n~ne pe~ c~ntum ps~ annum and to~ethe~ with svch interest shaH be secured by the lie~ of lhis morty~ye. ~
To pamif, c~arvnit or svffer no wasts, impaumenl a deteriwstion oi said property p any parf thcreof. `
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S. To piy all +nd sinputa? IF~ cwts, char9ea ~nd expenses, includirq s reasooable attwney's fee and costs of ab»racU of titls, incur~ed a paid st ;
sny time by :aid MORTGAGEE, bacause a in the eveM of tM faJw~ on ths pen of tiw said MOR~GAGOR fo duly, prompUy a~d fv~1y perform, d+uha~qR ~
execwe, eNect, oomplere, comply w~th aed abide by eui+ u+d every ~he stipulat~au, agreementa, cond~tions, ~nd covenann of said prom~sswy note and thu
mo~tya~ any p eirhe~, and sa;d costa, chargas end expenses. each and every. sMll be lmmedia~ely due s~d p~yable: whether a not there be notKe ds i
mand, att~mpt to collect w wit pend3ng: ~nd the tull amovM of ~ach and every svch paymeM shall bea intersit from the date thereof until p~id at the ~
~~to~ne per centum per a:y.um; and all said cosls, chargea and expenies incurred w paid, together w~th such interest, thall be secured by the lien of tfiif ~
6. Th~t (a) i~ the event of any breach of this Mwtga9e w default on the part of the MORTGAGOR, d(b) 7~ fhe event ~ny of said svms of mway }
herei~ refen~d to bs not txomptly and tully paid within thirty (30) days next after tM iame severatly become due and payabk, withoul ckmand or notite,
or (c) in the evem each and every ~he s~ipul~tions, agreements, condii;ons and covenants of sa~d promi:so~ ~o~e and th;s mortgaye a~y or either a?e no1
i„~y. promptly and fully pe~formed, d~scharyed, executed, effec~cd, compkted, compGed wi~h and ab~ded y, then in either or ~ny such event ths said ag
gregste wm me+ftiprrod tn ssid promissory r?ote tF?M remaining unpaid, with interesl Ktrued, snd afl moneys secured hereby, shill become dw and pay-
able forthwith, p tMpfNftrl~ at the optio~ of said MORTGAGEE, as fulty and completely as if a!1 of the said sums of money were aiginally st~pulated
to be paid on such day, anythiny in ss~d promiuory note or in thi~ Mortgage to the comrary ~otwi~hstanding; and the?eupon w thereafte? al the option of
said MORT6AGEE, without noNte w demand, suit at law or in eqvity, therefore or theresfter beg~n, may be praseculed u if aN moneys secured F~e~eby
had matwed prwr to ib ir+at]tution. ~
7. Tl~t in ti?s evenl that at the beginning of o~ st sny tims pending any wit upa+ this Mo?tgage, oe to faeclose it, w to refam it, w!o enforp
payment of ~ny claims hereunder, said MORTGAGEE sMll apply to the Cou~t having jur~sd~ction thereof for the +ppointment of ~ Receive?, such Court shall
forthwith appoint a rcceiver of said mwtyaged p~openy all and singulsr, includ~ng all ~nd singular the income, prolits, iuucs end ~evenues from whatever
source de~ived, each ~od evcry of whKh, it beirg expressty understood, it hereby mo~tgaged as if speufitalty set iwth ard described in the granting and
habendum cbuses hereof, and such Receiver sha~l hsve alt the broad and effective funct~ons and powe~s in anywise entrusted by a Court to a Receiver, and
such sppoietment shall be rrwde by such Coun as an admitted equity and a matter bf absofute rght to said MORTGAGEE, ar+d withovt referance to the ~
adequacy w inadeqwcy of tt+e value of the prope?ty mortga~ed or to the soiveocy or insolvency of said MORiGAGOR or the defe.+dants, and that such
rems, profin, income, iswes and revenues shsll be applied by svch Receiver accadiny to ths lien or equity of iaid MORIC.sAGEE and the practice of such i
Covrt. . .
8. To duly, promptly and fvlly perfwm, discharge, execute, effect, complete, comply with and abide by each and eve?y the stipulations, agreeme~ts, }
conditions and covenants in said promissory nore a»d thia morfgage set fath_ ti
9. ihat in she event tbe ownersirp of the mortgaged premises, w any part thereof, becomes vested in a person othe~ than the MORTGAGOA, the
MtORTGAGEE, in successon ~nd au~gns, may, without notice to 1he MORTGAOR, deal with such succeasor or succes:p in interett with reference to this
mo.tgage and thz debt hereby secured in the samt man~er as wirh Mortgagor w;thout in sny way vitiating or dixhargi~g the Mortgagori liability here-
under o~ upon the debt hereby secured. No sale of the Fremises hereby mo.tgaged •nd no forbearance o~ the pan of the MORTGAGEE or its successors
or auigns snd no eatens~on of ~fie time fw the paymem of the deb~ hereby secured given by ~he N10RTGAGEE or its successors or au;gro, shal! operate
ro rciease, d;scF~arge, mod;fy thange or aifect the original Iiab~l~ty of the MORTGAGOR herein, eithe~ in whole or in part.
10. It is spedfically agreed that time is oi the esxnce of this co~trad and that no waiver of a~y ob~igat~on hereunder or of the obligstion sr
cured hereby sF~all at any time thercafter be held to be a waiver of the terms Ixreof a of 1F~e instrumeM secv~ed herby.
11. In add~tio~ to the fwego:ng mcnthly payments of princ'pal and interest required by the promissory no!e secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each mo~thly ~yrnent an add~fional sum est~m.ated by mortgagee to be equal to 1/12 of the annual cost of the follow- t
ing: ~ i
F
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windsrorm insurar,te as he~e+rt requ~red to be tar~ied on fbe improvemenri sitwte on the ~bove described premises. ~
C-Premiums on suth mortgage gvaranty insurance as morigagee shall from t~rt~e to time deem fit to carry on the :oan setured hereby. ~
Mortgagee shall from time to time notify mortgagor in wrir~ng of the amount due a~d payable hereunder and such sum shall thereupon 4e due and
Fayable on the due date of the next monthiy payment and each succes:ive month thereafter ur.til mortgagee sha!! not;fy motigaypr of s d~aA~e in such
a~nount_ Such sums shall be applied 6y matgayee toward the payment of real property taxes, insurance prem:ums, and mwigage g~aqty jiy~rance i
oremiurttf. . Y -r ~ ~
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IN WITNESS Y/HEREOf, the said MORTGAGOR haz hereunto ut his hand and seaF the day and year first afwesaid. ~t'•.•'='
~ SiDned. Sealed deli in presence of: yt ~ Z1'~''. ~ 7 ~ " ~
' !1^ t ~ C e~'.t Lc ~ct-L- ~l L. .
~ Y ~ , ~ ~
- basita~ DaS 7 - ,~j°:
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Ys;
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j SIATEOf H@'1~ ~~)'C Q~~~~-~.'~i
' coUN~r oF ~~NS ~ u' ^.',;it1' r`"n~~'~'
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° Before me persorwNr tppeared Sebastian DeSalvo - ~
~ T.UCy M. ~Q$alVO his wife, to me well known snd known to ~x to be ~
j t he i n d
i v i d w ls d e s c i' l~ ,ip' i i~, w h o execufed the foregoing instrume~t, ~nd acknow{edged before me that they executed the same for the purposes ~
~ therein e~cpfes~. Ar1~-il~y~i~ LUCy M~ D6SalV0 s
; w~r~ ar i+~; S~basti.an DeSalvo
; ! y e. upon a separate and pi~vat~
; examinatio~ly.m!']iken y~I..~pert from her sa' husband, acknowledged to and e me thaf she ezecuted said insttument freely u~d vol~n-
~ rarily ~n~iitFavh c,oqr~~ ~ai~t. apprehe , or feu of w from her said Fw
a~EiS'rmYi .°~ikiil .isal thi day of A. D. 19~
a .s,~. ti ~ .
- l~: - ~ ~~~,Ie- t
. ~ ~ . : J . .
, r+ ~ v~~ V, ~ :'~t;;' Notary PuWic ' snd for the Sute of aa ~t Larye !
• n ~•~~~,,r.- My Comm' ezpires: !
fint~f~
~ y ~"v~i`',~~~ n Associatiort UUS KURrz -~O • ~
~'r ~pnC. SWte ot New York
Notary i1LFp~H~
- Fort'Pierca Flor~da Np. 41-22~O~i25 ~ L~ICI~ ~ q£COR~E~
- ~;ou~tv ~MT1' u, .
puv::lec~ m va~c:;~ R~C~r POl:R~ ~
Term E~pirec March 30, l 9~ ~ ~ L E RK Cj~;~
pEC9RD YFR!FS£0 COURT s
; ~ ~
- This Instrument Prepared By J. Harold Roberts~ Jr.
First Federal Savings 8 toan Association ~ 1~ 9 46 A~ ~r~
; of Fort Pierc~ F1o2"ida 2~
~ ch~~ ay 2'~53
~
a~o~ 2~7 P~2785 ~
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