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Home My WebLink About0204 3. To plsce and cominuously keep on the bui!d~ngs now or herraiter s~fuate on sa~d iand and on all equipmen! ~~d pe.ion~ily covered by th~: mo~tQ- ags, w~~h ali ~emiv~i;a therean ~a:d in full, fire inwrance i~ the usual ~tardsrd pol;cy form, in • tum approved by ths MORiGAGEE, aPd w~ndstam insu~~nce in ths usual ~tandard pot~cy (am, in a ~um approved by the MOi2TGAGfE, in luch company w comp~niea es the MORTGAGEE may direc~; and all iire and w~nJstorm inivrance pol~uef on •ny of said bui~d~rqi, +ny interest therein or part the~eof, in the aggreQ+?e ~um ~iaesa3d w in sxceii thereof, ~ha!! contain Ihe usual s~andard mortga~ae clause w such other clauss ~i tM Mortyagee may req~irs, m+kin9 ~ha los~ unde~ ~a~d po~~ c~es, each and e~e~y, payable to said MORTGAGEE as it• ~nteres~ may appear, and each and eve~y s~ch put~cy shatl be promptty ass gned and dslivered ~o eny held by uid MORiGAGEE ~s (urrhe~ securiry to said morrgaqe debt, and, not leu than ~en (10) days in advance of the expirsl~on af each policy, to d~- liver to said MORTGAGEE a renewal thercof, toge~her with a receipt fw 1M prem~um oi ~uch renewal; s~d ~here shall be ra i~re o~ winds~o~m insurante p~aced on ~ny of said buitdings, any interest 1F~erein w parl thereof, vntess in tia form and with t~e los~ payable as ato~esaid; and in tht event a~y ium of money becomes paya6le under tuch policy a policies said M~RTGAGEE shall h~ve ths option ~o receive and apply the same on accovm o( Ihe indebtc~d ness secured he.eby a to permlt sa~d MORTGAGORS to receive and use i1 d any part thereo( for other puryosrs, wi~hout ~h~reu~ waiv~n~ oa u~ipa~r- ing any equity, lien w right vnder p by virrue ot this morsgage; snd in 1he event sa~d MORTGAGORS ~hall to? sny reason fail to keep the said premisas to ~nsured, or fail to deliver promptly any of said polKies of :~.s:::ance to sa~d MORiGAGEE, or fail prompNy to pay tully any p~anium the~efw w i~ any respecf fait to pe~form, discharge, execute, eifect, compiete, comply wirh and abide by this covenan>, a any part hereof, said MORTGAGEE may place and pay fa such insurance or any part thereof wi~hout waiving a affecting any option, lieo, equ~ty, or righ~ under or by virtue of this Matga~e, and the t~ll ~mounl of each and every such paymem shall be immedialely dve and payable and shall bear interesl irom the d:te thereoF until pa;d at the rars oi nine per centum pe~ annum artd to~elhei wi?h such interest sha~l be secured by the lien ot this mortQage. Tr ~sTi; !+±.++..~ct a sufier no waste, lmpairment or de~erioration of said properry or any part thereof. S. To pay all ar~d aingulsr the cos~s, charges and ezpenus, includ~ng s reasonable a~to?ney a fee and cosri of abst?acrt of ti~le, inwrred o~ pa~d a~ any time by said MORTGAGfE, because or in the event of the failure on ttk part of fhe said MORTGAGOR to duly, prom~tly and fu?!y perfwm, discharge. execute, qffett, complere, coonply w~th and ~b~de by each and every the stipula~ions, agreements, ca+dition~ ~nd covenanta of said promiuory ~ote and ihii mortgage ~ny w either, and uid costa, charges and expenses, each and every, shatl be immediately due and payable; whe~her w not there be norKe do- mend, attempl to co~lect or suit pending; a~d rhe tull amoune of each snd evny suc?~ p~ymero sha11 bcar iNerest from the date Ihereof until paid at the ~ate of nine per cenwm per am~um; and all said costs, charges and expensea incurred o~ paid, together w~th such interest, ihall be secured by ~he l~en of thu mottQa~e. _ - _ _ _ - - - ---6.- TM1 (a}i~ ~i~a-swwt of an brouh cf. tltis Mott _ V papa et_dtfdu,lt on th4 pa!t of ihe _ MORTGA~`iOTt, or jb) in the evenl shy -6t- satd sums of rrwrrey herein referred to be ~ot promptly and fully paid within thirty (30) days next after the same severally become due and payab(e, wilfio~il dlmsnd o? eotiCe, - or (c) i~ the event each and every the stipulations, a9reeme~ts, conditions a~d covenants of sa;d promissory note and th~s mortgage any w either are nof iuly, promptly and fu11y performed, d~scharged, executed, eifected, completed, complied with and ab~ded by, then in ei~Fxr w sny suth event Ihe sa,d ag gregate :um menrioned in ssid promisswy note then remaining unpaid, with interesl accrued, and atl moneys secured hereby, shall become due ~nd pay~ -!-!r forthw~th; e. ~!r.reai~er, at rhe opr~on of said MORiGAGEE, as fully and comple~ely as if all of the wid sums of money were originatly st~putated ta be paid on such day, anything in sa:d prom~sswy note or in this Mwtgage to the connary notwi~hstanding; and thereupon or thereafter ~t the op~~on of ia~d MORTGAGEE, without notice or demand, suit at law or in equity, thercfore w Ihereafter bogue, may be prosecuted as if a!! moneys setur~d hereby nad matured pnor to ~fs institution. 7- That in the event that at the brginn7ng of w at any ~ime pendirg any suit upon th7a Mongage, or to faeclose it, or to reform it, o~ to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdictio~ ~hereof tw the appoi~tmtnt of a Receiver, such Cou» shaU fo.tF~with appoint a receive~ of said mortgaged property all and singular, irxlud~ng all and s~ngular fhe income, prof~ts, iasues and revenues from whatever seurce derived, each and every of wh~ch, it be~ng expresaly understood, ;s hereby mortgaged as if ipeciiically se1 fwth and dewibed in the granting arsd F,abendum clauses hereof, and s~ch Receiver shaN have all the braad arx! eftective fv~U~ons and powers in anywise entrusted by a Court to a Reteivtr, a~+d :.;ch appointmenr shall be made by such Court as an admitted equity and a mattn of absolute right to said MOitTGAGEE, and without rcference to the adequacy w inadequacy of the value of the property matgaged or to the wrvency or ;nsolvency of said RAORTGAGOR or the defendants, and rhat such renrs, profits, irscome, issues snd revenues shail ba applied by such Receiver accord~ng to the {ien or equity of said MORTGAGEE and the practice of such _ Court. 8. To duty, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulatians, agreements, co~ditions and covenants in sa~d prom;ssory nore and th;s mwtgage set fath_ 4. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe?son other than the MORTGAGOR, the h'.ORTGAGEE, iri successors and asaigns, may, witFwu? nofice to the MORTGAOR, deal w~th such successw w succeasor in interest with ~eference to this mortgage and the debt hereby secured in ~he same manner as wifh Mo~tgagor without in any way vit;ating or discharging the Mortgagori liability herr under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part oi the MORTGAGEE or its successws or assigns and no extension of the time fo~ the payment of the debt hereby secured given' by the MORiGAGEf or its successas or auegns, ahall operate ro retease, d~scharge, modify change w affed the orig;r.a! liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agr~ed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation sr cured hereby ahall at any time thereafter be held to be s waiver of the terms hereof or of the instrume~t secured he~by. I 1. In add+tio~ to the fwego'ng monthfy payments of pri~c pat and interest requ~red by rhe prom'~ssory note secured hereby, mortgagar covenants a~~d agrees to pay to mortga~ee wirh each monthly payr„ent an addnional sum eshmared by mwtgagee to be equai to 1; 1~ of the annual cost of the follow- ~ng: A-All real property taxes leviad or asseised against the above descri5ed reai estate. B-Premiums on frre and windsrorm inswance as i+erein requ;red to be carried on the improvements situate o~ the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mongagee shal) from t~me to time deem fit to carry on the loa~ secured hereby. Mortgagee shatl from time to lime norify mortgagor in w~it~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~vable on the due date of the next monthty payment and each successive moneh ?hereaiter ur.lit mo?tgagee shall notify mortgagor of a change in such e^:ouM. $uch sums sh.all be appiied by mortgagee toward the payment of real property taxes, ins~rance prem,ums, and mortgage guaranty insurance o•emiums. IN WIiNESS W~1ERfOf, rhe sald MORTGAGOR has he~eunto set his hand and aeal the day an¢',~rear first aforesaid. ` ~ ' ned, Seated and delivered in the p?esence of: ~ ~ ; ~./i1~/'i~'~f,L~/ ~ ~ a~ ~ ~2- ~ Ginevrs? S. Pauley ~~,n rca,q - ' S?ATE OF FIORIDA ~ ~ ccuNrY oF St. Lucie ~ Before r»e~personally appeared Ginevra pst11@j/ ~ ~fit17!tf~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~..~~~~~~~..~..~•~idi'~1lfl, to me ~ to me fo be ~ rhe individua~ desuibed in and who executed the foregoirg instrument, and acknawledged before me that yie~ ~ .t~{~sa tt~ ~ , - - ~~i~-. .PwP°aes . ~ rherein expressed. i~pd.tb~ • ,n»f~~LNwr+id~~ ~ ~ ' ~ ~amhiatlow~~pl~leileen~lps~atl~f~apeTtl~ifrM1!?~a1e'fR1SbAf1~'8lRAb7lA!!!y!ltf0i d11Rblf01!'1fi!'ffflfZhe'~ ~~~~~,~,~T~ ~0?AEIh : •atR~~TA1~R11R10t`d11y1t~tpClllAl~~l014s7TatAf~dp~rllllAlT~ff,'OtTeardf dfYr6rRf9.RTt1!!'MGlbEri'a.' "`°4`i'°~~"~C."V 1 3 WITkE55 my hand and official seal this day of ust ' :~i~~q 73 r S ' • a- / , . " p . ~ - . Notary Public in and for fl~e tatelo~. i0t~ pt~Large My Commission e:pires: Return To: ' • First Federa) Savings 3 loan Association .,1. Of Fo~r A;erte- 1, ; • c , . ' ;'7l ~ , Fo~t Pierce. Florida ' _ _ ~ r~~.. . ' - ~ - i -J. GaaCy F. Bllwood F~LfO AMD ~fCORpFp ' This Instrument Prepared By ST. LUCIE COUNTY FU„ ~ ; First Federal Savings & loan Associatio~ ROCER r''p~TfUg of Fort Pierce ~ F 1CC ida RECORD VER FlED C~~ Checked By ~ ~Q Q ~8 ,u eoox 2~8 ~AC~ 2fi253 ~~sb 9 ~ ~ ~ - - . - - ~ _ ~ ~ s - - ~ _ _