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+ 3. To ptace and continuously keep on the -bui!dingt now or heraafter a~tua~e on ~aid land and on all equipment and pr~sonatly covered by this mor~g~
egs, with all premeums thEreon pa~d in full, Ure inwrenca in ~he uwal atandard policy lo~m, in a sum approved by ihe MOR~GAGEE, and w~nJstoim
~nsurance in the usual s~andard pol~cy iam, in a~um app~ovrd by tM MORIGAGEE, in such canpany o~' compan~es ~s th~ MORTGAGEE may
d~rectp and all firs and windstorm insurance policirs on any o( said buildings, sny inte~esl therein or part thereof, in the iggregeee ium eforesaid w
in ~xtest Ihereof, shall :ontain the usual ~tandard mw~gagae clause or ~uch other clause at the Matyages may requ~rs, making tAr los~ under sa~d poli~
c~es, each and every, payab!e to sa~d MORTGAGEE as its infe~rst may appear, and each and every such pol~cy shall be promp~ty ass gned and de~ivered ~o
any held by safd MORiGAGEE as fu?~her secur~ty to u~d mw~gage debt, and, no1 les~ than ~en (10) dsys in advance o1 the eap~~ation of each policy, to dr
live~ fo taid MOR~GAGEE s reitewal tlie~cof, togethsr with a receipt 4w the premivm of tuch renewal; and ~here shali be no f~re o~ w~~ds~cr~n insu~ance
plated on ~ny of said buildi~s, sny intereat tlx~e~n or parl thereof, unless in ~M iorm and with the loa~ paYabte as afwesaid; and in the evenl any sum
of rtwn~y'txcomes payable under such policy or poGciat said MORTGAGEE sh.~~l have Ihe option to rece~vo and apply the same on accoun~ of tfie indebted-
nesi secured hereby w ro permit said MORTGAGORS to receive and use it w ar.y parl thereof ior otn•_r purF~oses, v.~~ho~t th;n or wai~~:~~ u~ u,~pair- ~
ing any equity, lie~ w right under or by virtus of ~his mor!gage; and in the event saed MORTGAGORS ~hall for any rcawn fail to keep ~he seid premiscs so
insured, or fail 1o deliver promptly a~y of said pol~cies of insurance to sa:d MORTGAGEE, or fail promptly to pay fully any pre~m~n: therefor w in a~y
~especl fail lo pe~form, d~scharge, e:ecute, e((ec1, comptete, comply with and abids by this covenant, or any pa~t hzreof, sa~d MORTGAGEE may piace and
pay fa tuch in~urance o~ any part thereof without weiving or affeclirg any oplio~, lien, equity, a righf unde~ or by virtue of fhis Moregage, and the
full amounl of each and every ~uch payment shall be immediately due and payable and shall lxar in~erest from tha date thereof umil pa~d at the rate of
nine per centum per annum and to~ether with such inte~eat shall tx aecu~ed by the lien of this morlgage.
1. To permif, commit w suffer no waste, impairment o~ deterioration of said property or any part thereof.
5. To pay all, and singular the costs, cAarges and eapenses, including a ~easonable +ttwney's fee and costs of ab~tracts of tifle, incurred or paid at
any time by sa~d MORTGAG:E, betause or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fu~ly perform, d~schargs,
e,cecute, efFect, complete, compty w~th and ab:de by each and every the stipulanons, agreements, conditions, and covenants oi said promiswry note and thit
n,o~igage any or eithe~, and sa~d cosb, charges and expenses, each and every, shall be immediatety due and payable; whether w not there be not~ce da
mand, ~tlempt to coUect or suit pend~ng; and the tull amount of each and every such paymeM shall bear in~eresl Irom the date thereof until paid at the
r,~~e oi n~ne per centum per annum; and a?I said costs, charg~ and expenses ~ncurred or paid, together w~th such in~erest, shall be secured by ~he lien of thit
mortgsye. .
6. That (a) in the eve~t of any breach of this Mortgage w defavlt on the part of the MORTGAGOR, or (b) in lhe evenf a~y of said sums of money
herein ~eferred to be no1 p~anptly and fully paid within th~rty (30) days next af~er the same se~aally become due and payable, w~thoui demand or notice,
or event each and every Ihe stipu:atio~s, agreements, conditions and covenants of sa,d promiswry note and th~s mortgage any or either are nol
~uly, promptly nnd fully perfwmed, d;scharged, executed, effected, completed, compt~ed wi~h and ab~ded Sy, then in e~ther or any such event the said ag-
gregate wm me~tioned in said promisswy nore then remaining unpaid, with interest accrued, and a11 moneya setured hereby, shall become due and pay-
ebie forlhwith, or thereafter, al the opt~on of said MORTGAGEE, as fulty and completely as if all of the said sums of money N•ere originally st~pulated
to be paid on such day, anything in sa:d pro~n~ssory nofe or in this Mortgage to the contrary notwithstanding; and thereupon a fhtreaiter af the opt~on of
sa:d MORTGAGEE, wirhout notice or demand, suit at taw o? in equity, therefore or therealrer begun, may be proxcuted as if all moneys setured hereby
had matured pnw to ds institution.
7. That in the event that a~ the beg~nnirg oi or at any time pend~ng any suit upon this Mortgage, or to foreclose it, o~ to reform if, or to enfwce
payment of any claims here~nder, said MORTGAGEE sha11 apply to ~he Court hav:r.g jurisd:ction thereof for the appo~ntment of a Rece~ver, such Ccurt shall
forthwith appoint a reteiver of said mortgagrd property all and s~ngula:, includ~ng a1t and singvlar the income, p~of~ts, issues and revenues from whate~er
so~rce derived, each and every of wh~ch, it bethg expressly undersrood, is hereby mor~gaged as if speuiically xt forth and described in the g~anting and
habendum clauses hereoi, and such Rece~ver shall have aIt the broad and efi~ct~ve iunc~~ons and powera in anyw~se e~trusted by a Court to a Receiver, and
s:.ch app:.intmem ah~t1 be made by such Cour~ as an ad~nitted equity and a mafte~ of absolute right to said MORTGAGEE, and without reference to the
adequaq a inadequacy oI the val~e of the property mor~gaged or to the so~vency or insolvency of said MORiGAGOR w the defendants, and that such
ren~s, profits, income, issves and revenues shall be applied by such Rece~ver atcwd~ng to the lie~ w equity of said MORTGAGEE and the practice of such
Court.
8. To dufy, prompt!y and fuily per(orm, d~s:harge, execute, eifect, complcte, comply with and abide by each and every 1he stipuiations, agreements, ~
condiYwns and covenants in aa~d promissory note and th~s mortgage set forth. i
9. That in the event the ownership of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the a
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this
n,ortgage and the debl hereby secured in the same manner as with A1orlgagw witFaut in any way viliating or d~xha~ging the Mortgagors' liability herr
under or upon the debt hereby secu~ed. No sale of ~he prem~ses hereby mongaged snd no forbearance on the part of the lAORiGAGEE or its a~ccesso~s
or ass~9ns and no extens~on of fhe h~ne for ~he psyment of the debf he.eby secured g~ven by the MORTGAGEE or ;ts successors or au~gns, .hall operate
to release, d~xharge, modify change a affect the original IiabiGty of ihe MORTGAGOR Fxrein, either in wholg w in part.
10. It is specifically agreed that time is o( the essence of fhis contract a~d that no waiver of any obligat~on hereunder or of the obligation st
cvred hereby shatl at any time thereafter be he:d to be a waiver of the terms hereof w o( the instrument secured herby.
, 1 L ~n addn~o~ to the forego:ng momhly payments of princ pal and interest requ~red by the prom~ssory nore sec~red hereby, mortgagor covenants
and agrees to pay to mo:tgagee with ea:h momhly payrnent an add~rional sum esr.ma~ed by mortgagee to be eguaf to 1;`12 of the annual cost of the follorv-
ir.g:
A-Atl real property taxrs lev~ed o- aisessed agal•ist the above desaibed real estate.
B--Premiums on fire and w~r.dsto:m insurarce as herein requ:red to be ca.ried an the ~mproveme~ts s~tuate oq the above dascr~bed premises. i
C-Premiums on such mortgaae guaranty ir.svrar~ce as mo~tgagee shall irom t~me to time deem fit to carry on the loan secured hereby. ' ~
Mortgagee shail irom ~~me to t;me norify mortgagor in wr;t~ng of the amount due and payable hereunder and such sum shall thereupon be due and
~ ;.ayable on the due date of the ne,~t month:y payrr.e~t and each successive month the~eafter until mortgagee shall notify mortgagor of a change in such
,-.o~nt. Such sums sF.a:l be applied by mortgayee toward the payment of rea! property taxes, ins~rance prem:ums, and mortgage guaranty insurance
~ premiums.
~ IN WITNESS WHfREOF, the sa~d MORTGAGOR has hereunto set his hand and scal the day and year iirst aforesaid. ~
` C~, Signed, Seal~,d and deti~ered~n the presence of: ~~L,' D~~
~ _ !~?zGC.a/ (Seaq ,
F ~11C~8 {A~s O~BY1~11 (Seaq i
~ ~ (Seal)
= El@i311o]C K~' O ~ Bl'~P.11 (Seaq
~ .
S1ATE OF~~Q( ~Z31ZdI1d ~
~ ~ :
~ Citv of Ba.ltiaore ~
~ Before me perso~ally appeared Francis W• O~ Br ien a~
Eleanor K• ~ ~ BY 1@TI his wife, to me well known and known to me to be
~ the individuafs described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
Bleanor K. O~Brien
~ rherein expressed_ And the said
~ r~ife of the said " FIBTIC~3 W~ ~~Brl@!l upon a separate and private
e.aminat+on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and voluo-
~ ~arJy and wrthout any comp~lsion, constraint, apprehens~on,pr fear of or from her said husband.
d
~ WITNESS my hand and official seal this_ ~ ~ day of ~ber A. D.~-lq~,: 73
~ e ~x~~~ f
_ otary Public in and for of fLuri ,p~ ~~r~d ' " ' ;
y Commissian expires: ~ ~
Return To: '
`7- l - h~l • ^ r ~
Fint Federal Savings ~ loan Associat~on ! '
Of Fort P:erce. , : -
Fort Pierca, Fforida . -
/ ~ ~ . ~
~ `L C~ : ' -i
yt . .
FIlEO ~?k~ RECu~DED • C
ST. LUCil ~4'JN7T FLA. a~'
pprc'r ?gtiRAS ~ ~
This Instrument Prepared By J• H. Roberts, Jr• ~~EpK CtRGW7 COURT ~f
~ First Federel Savings & Loan Association n-~Ep~_ h,
of Fort Pierce~ Flor~da P.ECQRO ~?E~" V,
Checked By ~P 27 IU ~4 !N7 ~
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