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Home My WebLink About0041 ~ 3. To place and conrinuo~sly keep on ~he bu~:J~n~s no~r or hereafter ~ituate on said land und on al( eq~ip~nenl and persona~~y co.e~ed by :his mor~g• age, w~th all premiurn~ thereon po,d in tull, fue ins~ranca in ~he ~su.+l st~~:dard po~icy fotm, in a~um appro~rd b~ ti~e MOR~G:.vEE, o~ d w~ndstorm inwrante in Ihe uwat s~andard pol,cy torm, in a wm aHprovrd by ~he MORiGAGEE, in fuch tanpany or companies aa 1he MORT'vAGEE may dhett; end all flra and w:ndswrm insuronce Fo:~c~e~ on any of sa~d buitd~ngs, any interes~ ~herein or'part thrreo~, in the aggregate su~~ alores~~d o~ in excesa ~he~eof, slwtl :unt~in ~he ua~al StanJard mo:ryagae c~ause o~ such o+her dausa as the M~~~yagae rt~ay req~~re, mak~ng ~he los~ unJe~ ~~~d poli- c~es, each and e~ery, payable ro said MOR(GAGEE as ~n irocreil rnay appear, and each and every such pui~cy shall be prompfty ass g~~rd and deLrer..•d ~o eny held by said MORIGAGEE as (urther sdturity to said martgege deb?. and, not !ess than ten (10) days ad.ance of the eap;ratio~ ol each po6c~, ~o dr ~ Irve~ ?o taid MORTGAGEE a renewal thereof, togNhe~ with ~ rrce~pt for Ihe prem~um of s~ch renewa~; and thrre ahall b~ no f~re or wi~~ds~o~~n inw~ance pleted on any o( said buildings, any interest therei~ or pa~l thsreoF, unless in the form and w~~h ~he loss payable aa a~uresaid; and in the evenl any sum of rtwney becomes payable under such policy w policie~ said tiIORTGAGEE shall hsve ~he o~~~on w rece~ve and apply the same on auount o~ the i~~clabt~d- nesf secured hereby w to perrtiif sa~d MORTGAGORS to receive and use i~ or any part theraof for o:~~er purposrs, ~v~~ho..t Ih_~. .v.u.~ ;,r r~ p..~~- ing any equ~ty, lien w right unde~ or by virwe of this mo:tgage; and in the e~ent sa~d MORTGAGORS shall fw any reason fail fo keep ~he said premis_s so insured, w lai) to deliver promptly any of said policies of insu~ante to said MORTGAGEE, or fall promptly fo pay f~ily any pre~n~~m therefo~ or in any ~enpect fail to perform, discha~ge, e:ecute, effect, complelc, comply wi~h and abide by this covenanl, or any part hereof, sa~d MORIGAGEf may p~ate a~~d a fw such insurence or an art thereof without waivi or affecti an o tion, lien, u~t or ht under or b vi~tue of ~his Morf a e, and the ~ P Y Y P ^9 ^9 Y P ~q Y. 9 ~ 9 9 futl amoum of each and every such pavment shall be immed;ately due and payable and shall bear iroeres~ from the date thereoi umil pa~d at the rate of n~ne per cent~m pe~ annum snd to~rthrr with such interest shal~ lx sewred by the tien of th~s mutgagt. 1. To permit, tommit or suffer rto waste, impairment w dcterioration of said property or any paA the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonab?e attwney's fee and costs of abstracts of title, incurred or pa~d at any time by aaid MORTGAG:E, because w in ~he even~ of the tailure on the pa.~ of the said MORTGAGOR to d~ly, promptly and fvlly perlorm, d~scharge. eaecute, efiect, cwrsplete, compty wah and ab:de by each and every the stip~Iauons, agreements, tonditioos, and covenants oS said prom~ssory note and this n,urtgage any or either, and sa:d costs, charges and eapenses, each and every, shal~ be immed~ately due and payabte; whether o? not fhere be no~~:e d~ mand, attempt to collect or suit pend~ng; and the full amount of each and every such paymem shall bear imerest from ~he date thereof umil paid at the ~:,re o1 nine per centum per an~~um; and all sa~d casts, charges and eapcnses inc~rred w paid, togeiher wJh auch interasl, shaN be secured by the iien of th~s mortgage, 6. That (a) in thr event o4 any brrach of this Mortgage or de(ault on the part of the MORTGAGOR, or jb) i~ the event any of said sums oi money harein rcferred Io be not promprly and fully paid wirhin th:rty (30) days next aiter the san,e severatly become due and psyabte, without demand o~ no~ice. or ;c) in the evrnt each and every the stip~;at[ons, agreements, tond~t~ons and covenants of sa:d promissory r.ote a~~d th~s mortgage any w e~ther are not ~ulv. DrpmpdV anu~ fullY oerformed. dscharoed, eaecuted, effected, compieted, compl~ed w~~h and abided 5y, then in e~~her or any such event ~he sa~d ag~ gregate sum mentioned in said promissory note Ihen remaining unpaed, with intere;! accrued, and all maneys setu~ed hereby, shall brcome due and pay- ab!e forthwith, or ihereafrer, at the opt~on of sa~d MORTGAGEE, as fuily and completely as ii all of the said sums of money were onginally stipu:ated ro be pa~d on such day, a~ything in sa:d promisso~y note or in this Mortgage to the contrary not.withsta~~ding; and ~hereupon or thereafter at the opno~ of sa~d MORTGAGEE, without notice o~ demand, suif at law o: in equuy, therefwe a the~eaf~er be9un, may be prosecuted as if all moneys secured hereby r.:d mat~red pnw to ds mstdution. . 7. That in Ihe event that at the beginn~ng of or at any time pend~ng a~y au~t upon this Mortgage, w to fweclose it, or to reform it, or to enforce payment of any daims hereunder, said htiORTGAGEE shati apply to the Cou~t having ~urlsdcno~~ thereof for the appo~atment of a Rece~ver, such Cou~~ shail Fcrthwith appoint a receiver of said mortgaged property alt and singular, includ~ng aU a~ed s~ng~~ar the income, proiits, issues ar.d revenves from wha~e~er so;,rce deri.ed, each and every of wh~ch, It be~ng expressly understood, is hereby mortgaged as if speufically set iorth and desdbed in the granr;ng and F.;bendum dauses hereof, and such Receiver shali have all rhe broad and effecrive funct.ons and powers in anyw~se envusred by a Coort to a Receiver, and s_;h appointment shall bc made by such Court as an ad~n:tted equity and a matter of absoiute rigM to said MORiGAGEE, and without reference to the a,f_~quacy or inadequacy of the value of the prope.ty mo~tgaged or to ihe so,vency or inso,v~ncy of sa~d MORiGAGOR or the detendants, and thaf such -e~~~s. proiits, income, issues and reven~es shal{ be appiied by such Receiver accord~ng to the Iien or equ~ty o! said MORTGAGEE and the pracnce of such Court. 8. To du~y, prompt!y and fully pe~form, d~s:harge, execure, efien, comp!ete, comply with and ab~de by each and every the stipu+ations, agreements, c~::~ditions and covenants m said prom~ssory note and th~: mortgage set fonh. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, Eecomes vested in a person othar than the MORTGAGOR, tfie . :~RTGAGEE, i~s successors and assigns, may, w~thout nosice to tne A10RTGAOR, deal wi~h wch succeuor w wccessor in interest witn reierer.ce to th~s ~,:-+gage and the debt hereby secured in the same manner as with Mo.tgagor witFw~vt in any way vitiating or disc6arging the Glcrtgagors: liability here- . ~c•r or upon the debt hcYeby secured. No sale of the premises hereby mortgaged and no forbearance on the part ot the GORTGAGEE or its successors ass~gns and no extension of the time for the paymero of the debn c~reby secured given by the MORTGAGEE or its wccessors or ass:gns, ahall, operare ro re!ease, d~scharge, modify change or atfect the or~g~naf liab~l~ty of the N.ORiGAGOR herein, either in whoie or in part. 10. It is speuficaliy agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder er of the obligation sr _~ced hereby shall at any time thereafter be he:d to be a wa~ver of the terms hereof or of the instrument secured herby. I 1. In acid.t~oa to the iorege'nq mo~thly paym~nts of princ pal and inreres~ requ~red by the prom~ss~ry ~ore secured he~cby, mortgagn• covenants ~_i ~grees te pay to mo:tgagee w~th each monthly parrr,ent an add~rional sum esnn:ated by mwtgagee to be eq~ai to 1; 12 of the annual cosi o( the foliow- i • ' A-A{I real properr~ taaas le:~ed o~ assessed ay ~~•~st ~he above descr~bed reat estate. E 6 Fr, c o=~s on fire and w~nd;ror•r insur,;~~e as rsere~n rcqu:red to bc ca~ried en thr +mrrovements s~tuate on tf:c above d_saibed prem~ses. } C-Pr~mi~rns on wch mo: t~~ge gvar3~;ty ir.sura~ ce as mo~tgagee sha11 frc:r. t me to time deem fit to carry on the loan secured hereb7. rAo~rgagee sha~l (.om t~~ne to t~,-~e ~orfy mor~yagor in wr~t~ng ot the a.covnt d~e and payable hereunder and s~:ch wrn shakl ihere~~n be d~e and i ;bie on eha c3ue oare of the nc~xt month:y payment ar~ each wccess~ve_ Tor~th rhereafrer uctil mortgagee shalt r,ec:fy mortgagor cf a change in such R ,~t. Such su:ns sFa:i be appi~rd 6y mortyeg•.e :ov,ard the payment of real property taxes, insurance prem;~ms, a~~d mortgagr c:;~•anty msurance F ~ . ~~uums. ~ IN NJIT JESS :H , he said MORTGAGOR has hereumo set his ha~~d aod seat the day and year firsf a~oresaid. deli ered in the presence of:. ,'~i / ~ , ~ . ~i'i~/' Y . i!'!rJ ~ . h ' (Seal) ~ ~yc- t.arry . Rusr a sir.gle ac~~~t ~ _ / • - ~ cseaq ~ (Seaq ~ ~ ;:.=,iE OF FLORIDA ~ , ~ ' SS. = ;urJTY OF 1 ~ Before me persona~ly appeared Larry QUS}l~ a single adult ~ ~ - ~~i~, to me well known and known fo me to be ~ ~he individual described in and who executed the foregoing instrument, and acknowledged befwe me that he executed the same for the purposes rce~e~n expressed. -Arri.~i+e~ii ~ ~ r; ~aflh~said upoa a teDaraJ~ a+ld~ciliaSC c~~~a~Di~LGILbY..rL~~ce~id~atat~ind~p~vJJ~.hoc.sa~d.ftisb°~= "L-~w3ad~edlaard.6rforr.r~.th~ai.aFwr~.,sediaidioat~~Ltswiy~ocLrcJua ~ :.~cJ~c ~otL~tba~i ~oV.,c~PrJsioq.<acutraint. aPPseLeo~or~. ~~~?.f~ow~r-s~ii i~u~Vswd. WITNESS my hand.ar+d,aificial seal th~s_ ~ _ day of ~er A. D. 1~3 - ~ ~ : . _ - _ ~~T;' - • Notary Public in and ior the State of Rorida af large ' . . - My Commission expires: ~ ~~~~~~a~,~~o: ~ ' " ~ Notary Publ;c, St~tc oi Flori:la at La.be. First Fedcts) Sav~ngs b Loan~ /lssuciat~on ~ My Commis.~rn Expires Scpt. 1, 1977. 3 f!? /Q~f~ fort P:erce.3~ ~ •~Fori ~Pr~rt~Hl~~ : " - ~ c, • 268692 r`' F~~,:,~,1;~~ fl ! . K;: This ~liistrument Prepared By .lohn W. r'ol l ins ~Ea ~x~ RFCOFtpEp 1' First Federal Savings & Loan Association ST'R~CER~~ UNtr f~~, j ,~TRAS ~ of Fort Pierce ~lor ida ~~E~'K :3UIT COUl1 j, ~ ~ RECORQ YER;~~Fp , ~ Checked ey ~ ~ P~~~ j9 9 z2 AM 'T3 ' S aoox ~ ra . - _ . _ - : _ - v.