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3. To place and conti~o~siy kcrp on the L~~'d~ngs ,.ox or t+~rraher s~t~.~~e on sa~d l~nd and on a(; eqviirnNm and persenslly to+ered 6y this monq-
e~e, With all prenuun~s IhercOn 4~ d in fu:l, t~~c ins~roncr in the,~s~..l r~~:d.+rd po'~cy form, in a wm aHpro+rd 1~~ the MOR~G:~GEE, a~ d w~ndntw~n
;nwrance in tho usuat srandar~ po:.ty for~n, in a:um aFpru.rd by ~he A10RiGAGEE, in such co~:~pany or tc:»panies as the MORTGAGEE may
d~rzcr, rnd aU fire and w~nJstorm insureuce poGc~es on any of sa~d bu~~d~nqs, any inte~N~t the~e;n or pa~t ih~~reoi, in the agg~• ya~e w~n afc~esa~d or
in extess thereaf, shal{ :ontain ~he us~al ifynd~rd mo:rgagee clouse or such oiher cl~use as the Mo~tyag~e may rcq~~re, n.aling ihr ~ws ~~~da~ s~~d po:i-
c~es, each and every, pay.;bte to sad A1pRivAGEE as ~ts micr~~st moy apprar, and each and every such po~~c/ ihatt be promprly assyn~~d a~:d de:~.~~n;d ~o
eny held by sa~d 1.tORiGAGEE as furthe~ s~turity ro sa~d n:ortg:,ye debt. and, not !ess than ten (l0) d~ys in ad.ance oi ~hr expira~+on of each po6~y, to de-
t,ver to sa~d INORTGAGEE a renewal thereof, togeiher wi~h a~~•cr~,:t for the prernium o1 such ~e~i~,na!; a~~d ihrre sheil l,e no f~re u~ w~~:::,'o•~n 1~,w~enee
placed on any o4 said bvild~ngs, any ~nterest there~n or part tlir~eoF, v.~less in thC fonti and wah ihe loss payoo~e as aforese~d; and in ~i~r elent any s~m
of money brcomes pa,abte unorr s~ch poiicy or pol~c~es So~P ub~~RTGAGEE 5h.~il haae tha o~,~.,.n to ~eo:~vr end aµF,ly rie sa~:~e on accu~.~t of rtic n~d_btrd~
ness secureJ hrreby or to perm~t sald tAORTGAGOkS lo r~-ccive ond use i~ o• e:~y ,•r i~:.: .:f ~1:•i. n;~..e ti~ r ~ ~
ing arty eq~~ty, lien or right vnder ui Ly tiirtur of tF:~s nec•'~age: and in th~: evont 5_+~ :`,:in~v%:v'Qk`. st~a'.1 }o! any re~zo~i fa~l to kcrp tl,< s:+~d prern;a~i so
insured, or fail to driive~ promptly any of sa~d {wl~cirs of r~s;,rance to s+d ~11pG?`v%~GtE, er i.,;' p::.~~:~;tly tu f~ay tu'ty ony ~re•~,•.,m tin~r~~!or o~ ~n a•:y
respect lail to perform, d~s:harge. ear:~r~, effrcr, con~p:~re, co•~;p~iy werh and ah~de b4y rt,s ;nv~-~.r.~~, or any p~n harco4, sn~d hllikiG:~G~E m,,y p~at•~ ~.a
nay for such insurance or any part !he~eof wrthout we~~ing or aff~uing any ;;;,r~on, i~en. equ,iy. oi rI;;M under or b~ v~rt~e oF this Mcrtg~ye, ared the
t~li amOUM of tach and e~ery such paymeM sholl be unmecj;ately due and p.+~ei..e a:d s+~:,,t trar int~r~-ct trom t}ta date thereoi u~~hl p~~d at the rat~ ot
~1~~=e per centum per annum and to~rth~•r v,~th svch in~r+vst sh~~i~ br s:~cured ihe :~en oti th~s mo~tqage,
I. To permit, cpmniit or suffer no was~e, impairmrnt o~ dete:;orat~cn of sa~d property or any parl thereof.
5. To pay all and singular the costs, charges and expenses, ~nciud~~~g a rea,onab!e a110fn~~~S fee and costs of abstracts of ti~'e, incur:ed or pa~d at
any time by sa~d MORIGAGEE, because o~ in the event of thz lailu~e on the aert of rhe swd MORTGAGJR to duly, pron~ptiy and fu!ty perfu~m, d~xharge.
°Ytt~te, effett, tomplete, comply wrth ard aG.de by each and evrry the stipulahons, ag~eements, cond~tio:n, and covenants of sa~d pio:mssory notp and th~s
nongage any o~ ei~her, and sa~d costs, charges and expenses, each and every, shall be irm~diately due and payable; whether or not rhe~e be nonce d~
mand, atrempt ro colfect or suit pend,ng; and the full a~nount of e~ch a~:d every svch paymeM shali bea. int~rest from ihe da~e therrof until pa~d at the
~:~~o• o~ n:ne per cenw:n per ann,.rn; ~nd ail said cos~s, cha;g~•s a•~d cx:>~~~~ses ir.wrred or pa~J, ioyether ~vah such int~rrst, shall be secured by the I~en oi th~~
mortgage.
6. That (a) in ~he event of a~y breach of this Mortgage or defa~lt on the pa~t of the AP.ORTGAGOR, or (b) in the event any of_aaid sums of money
herein referred to be nof proroptly and f~Ity paid w~ihin th~rty (30; days next a;ter the same severa,ty become d~e and payable, wi~hout de~nand or noncF,
or ~c} in the evero each and eve~y ~he stipula~ions, agreements, conditions and covenanrs of sa d prornissory note and th:s mo~tgage any or enher are not
j~iy, promptly and fully perform~d, dacharged, executed, effeded, comp~eted, compi~ed with a~d ab~ded 5y, then in edher w any such event the sa,d ag
~irgate sum mentioned in said prom~ssory no!e tnrn remaining unpa~d, w~th intr~est actr~ed, and a~l moneys sec~red hereby, shatf becorne d~e and pay
a-, < forrhwith, or rhereaf~er, at the oprio+~ of s~;d h10RiGAGEE, as fu~ly and complercly as ii atl oi thr sa~d sums of money were or;g~na:ty st~pu:ared
to 6e pa:d on suth d~y, anything in sa d pro:n~ssory note or i~ this hlortgage to the contrary notwithstand~ny; and thereuF:on or therealter at the op~:on of
s~ d MORTGAGEE, without not~ce or deinand, swt at iaw or in eqv~ty, the~efore or thereafter begvn, may be prosecutrd as if all moneys secured hereby
n_d mdWred pnor !o ~ts institutio~.
That in the event that at the beginnu~g of or at any time pending any su~t upon this Mortgage, or to fpreclose it, or to reiorm ir, or to enforce
payrnent of any tlaims hereunder, said MORTGAGEE sha11 apply to the Co~rt having ~unsd:ttion fhc:eof for the appo~~itment pf d RPC(~YC~~ s~th Cc~rt shall
forrhw~th appoint a rtteiver of said mortgagrd property ail and singvlar, indud,ng aI~ and si~~gu~ar the income, profrts, issues artd reve~~~es from wh,tever
scurcz derived, each and every of wk:ch, it 6zing expressly unde~sr~, is hereby mo:tgaged as if spec~ficaity aet forfh and described in the grannng and
F.,oendum ciausez hereof, and svch ReceiYer sha!! have ali the br~ad and effec~~•.e funcr.cns and powers in anywise entrusted by a Cou~t to a Rccaiver, a~:d
s_ch appointment shatl be made by-such Co~rt as an admittrd equity and a matter of a6solure right to said MORTGAGEE, and without reference to the
ed_quaty o~ inadequacy oS the valve of the property mortgaged or io ~he so~vency or ~nsohency of said MORiGAGOR o~ thr defe«dants, a^d that svch
n_~,!s, profits, income, issues arx! revenues shali be apptied 'b/ such Rece~ver ac:ord~~~g to the Len or equit~ of said MORTGAGEE and the pracnce of such
Ccurt.
8_ To du!y, promptly and ful~y perfo~m, d~scharge, execvte, effec?,rcompiete, comply w~ih and abide by each and every riie st~pu;ations, agreements,
ccnditeons and covenants ;n said prorn;ssory note ar.d this mortgage set forth_
9. That in the event tFc ownersh[p of thr mortgaged prem,ses, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
.'.~RTGAGEE, its successors and ass~gns, n,ay, w~rhovt not~cz to the A'tORTGAOR, deal w~th such successor or succzssor ~n interesr w~th reEere~ce to th~s
ortgage and the debt hereby secured in ihe same manner as wifh 11to:t~ago~ w~tho~t in any way vitlating or d~scharging the P.Scrtgagors' liab~lity her~
.:•d~r or uF4n ~he drbt hereby sec~rEO. No saie of the Fr~~~,~ses h_reby mortgayed a^.d no fc~hearan~e on the part of the ?1tORiGAGEE or its s:~ccessors
er ass~gns and no ea±ens~on of rhe r~~»e fo. tne payrne~t of t~~~ debr h~~~eby secured o~s~n by the N!ORIGAGEE or :ts svccessors or ass gns, ~~~a;I operate
te frease, d~scharge, mod~fy thange or affect the or~~,nai l~a~.;;t~r of the h'~GRTGAGOR here~n, either in whole or in pa~t.
10. It is speufical~y agreed ihat t;me is of the esse~:ce of th~s co„rract and that no wa~ver of any ob!~gat~on hereunder or of the obligation se-
_v~ed hereby shati at an~ time tharraFter be he!d ro be a war.er ef the terr.~s hercof or of the inst~ument sctured he~by.
i
i t l. tn acid,r:o.~ to ~he iorege~~~~ enri~-y aayR:=nts o' F,~i c a~t arrtJ ir,t_•~, s~ r~~ci•.,-ed by che p+O~r. SSC~y no~c- s^:ured hzr~~b~, ~no~tyagor covenants
~ ~-d a r~es ro a to mo-t a^~e ~n~~h ea~h ~ro~vh' • ' r y~ ~
9° F Y 9 y- ~ pa~:. em an s:i~,:~~cnai w•e: ~•s' ~~n~d 'b n-o•t ee to be e~ ~al to 1 12 of tiie a:~ ~.,al cost of the fotlow-
A-All real prope!:y ~axez lev~ed or a:sc.sscd ~ga1•,sr thc a?;o+e d;.sc•f~: d r_at esrare.
B-P:-:~:~u-r.: on f:re and w~:~dsfor~r !rs~;r,:~ce 4s ne;e~n r;y•,;re~ t~ br .•i tn., .r~: r`.;v.•ne:fs s:!uate on tha above d^suit;ed prem~ses.
C-Premi;,r.a c~i SU.lI norr~.,ge guarar,ty ics~,ra,.ce as :no~ryay•~e shaii :o :;...c d<~:~~ f! to ca:ry on the toan setvred hereby.
I~fortgagce s!~oi! f~o•n t;me to t~;~~e rct~fy mcrty~gur n:n~!.r.~ pf thw ~ ~~•~r r~ ;,ed peyab!e hereundar dnd s~ch sc n sha:1 thareupon be due and
..,~h!e on she d~.• dat~ ot th~ next ~zonih:y pa~n*c•,~t ar;d c~ih s_-.ce:s:ve .~,}t:r ui.rii mcrtg,3ec sna.'; notfy mxtgagor cf a thang2 in Su[h
~_nt. Such su:ns shail be app.,ed by morsgay.~ Tor.a~d tne payr-~enr ~f r..~~ c~c;,a~t~ ta.es, insJ~ance pre~r.ums, and mortgage g~aranty insurance
~ em~ums. '
~ iN :'J~TNESS N.'HEREOF, the sa~d 1JIORTGAr,CR has herevnro ser h~s h.:•d a~:d seai tha day and year fi:st aioresa:d.
i S' ned, Sea!ed and de~ivered in t presence of:
~ `,~,i 1~ ~
~ - -~;.',*r---r'- u1S21.QttE (Seal)
i _ ~r-~c-~ r- ~~t~~~ a s i ngl e ad il tseai~ .
` (Sea!)
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f '~11NtY Of • - ~ _ ~
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} ~e me personally appeared Vl n~_P_t"t'P L'.~ ,'t^Q~ (~}lPY` C___ i Tlal.e ~t-- ~ew~3
~ - _ I~~~e! to me well known and known to me to be
r~e ind'evidual descriEed in and who exec~ted ~he foregoi~g in:trument, and acRnowledged before me thatg hE exec:,ted tne sarne for the pvrposes
~ thereirrexpressed- /Md~1i~~wii--------- _
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L~ctly, .ind.vri6o+rJ.iq~..~ra~pui~roor.~qraataar+y. iQp*dww~n? K-1~ew. ~i+oa i.~r?~w+t.~i~ ~:~i,ar~d.
WITNESS my hand and off~ciat seal this_ --_---1~~ - d_y ~f_ --~Ct4b~r------ A. D. 19~3
A ~ ~ . a ~ r . t_.-~1 Y± _ / - "L~'~'.~.L~SS~~ 1l1.!_'
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t,ly Cc~n•n~ss~on exp~res:
Return To: r
First federai Savings b loan Associat.or.
- OE rcrt P rce
_ FGrt P~t•r.e, F!cricia ~ V ( ~
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c This Instrument Prepared By J H. Roberts , JT'. `~'-=~~'~,AK`` °ECO.°.DED
First Federal Savings & Loan Associatio~l ~i. l1_ _)~tMTY F~A.
of Fort Pierce FloTlda p~- G: _ "~4c
~ ^lf~~, •ti CO'JRT !
= vc",._ , ,~:,c'~-n
` Chetked By
Ocf 9 i6 A~1'73
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