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J. To plate and con~inuously keep on the bu~'d~ngs ~o•~v or hereafter utuate on sa+d land and on a? equ~pn,cn? and persona~~y coYercd by ~h~s mor~g•
ege, w:~h ail przmiun~s Ihr~eon pa.d ~n full, ii~r i„s~ronce in ihe usuat standard paGty fotm, in a sum aHp~oved by ~he MUR~'vAvEE, a~:d wmdstwm
~nsuronte in the usval ~tendard poi:cy lam, i~ a wm appro.ed by ~M MORTGAGEE, in such canpeny or COmpaniet as Nu l.'tOZIGAGff may
di?ec?; and all fire and w:ndiwrm insuranca poi~c:es on any o( sa~d kwild~ngs, any inroreal therei~ or part thrreof, in the aggrEga~e sv~n aioresa~d o~ ~
In exces~ thereol, shall comain ~he us:.til standard marrqagee dauie or such o~he~ clauis es Hm hbngagee may ~cqu~ro, mal.~ng ~he ~caa ~~~der s+~d po:i- ~
cfes, eacA and eYery, payabte to sa~d Att)RiGAGEf as ~es 7mrrai~ may appear, and eacA and every su~h porc~ sh~il I~e promptiy ass g~~td e~~d detl~~r~~d ~o
any held by said MOR(GAGE[ as funher srcwity ~o sa~d morryage deb~, and, not less than ten (10) dnys in advance of the expiration of each pol~cy, to dr ~
liver to said MORiGAGEE a renewal the~eof, toge~her with a rece~pl to: ~he prrmium oi such renewaF and tFere shail be no fue or windstonn insurance ~
plsced pn any of said buildings, any interest theran or pait the~eof, un!eas in the form and w~th the loas payable as aforeaaid; and in the event any sum ~
of mpney bctiomea payable under such policy or poCc~es said MORTGAGEE tha11 have the opt~on to rr_~ta~vr a~~d apy:y the sa~ue on accoun~ ot the i~id~trrd. 4
ness sewred hereby w~o pe~~n;t sa:d lAOR1GAGa7R5 ?o ~eceivo and uss it or eny part tnerrof ior om~•r yu~yOiri, cnth~,;f ih u~ c~ ,~::;;~~r: ;
~~g a~y rqu~ty, iien w right un~er a by virtue o1 th:s mo:tgege; a~d in Ihe event ya:d A10RTGAG025 ahall lor any ~eason fail to kcep ~he aa~d prenus~s so ' ~
insured, p~ (ail lo deliver prpmp~iy any of sa~d poficies of inwrance ~o said MORiGAGfE, or far! promprly to pay luily any pr..~,»~~m thtrelor or in any ~
respect (ail ~o pcrform, d~scharge, execute, effecl, con,plete, co~nply wi~h a~~d abide by this covenero, a any pan h~reof, sa~d MGR:GAGfE n,ay p~ace a~~tl • , ~
pay fo~ wch insurance or any part thereof wnho~,t waiving or affecting any option, lie~, equny, or riyM under w b~ virtue o( ih;s A~torrgage, and rhe f
full amounl of eath and every such payrnenl shall be immediately due and payable and shall bear interest from ~ha date thereof uniil p„~d a~ the ~ate ol
i
n~nr pe~ cent~m per an~v~n and ~og..aher ~a~~h such inrer~s~ shaii t,e sacured by ?he lien of th~s mortgage.
To permif, commit or suffer no waste, impairmero p deterioration of sa~d property w any pait thereof. f•
5. To pay all and singular ~he costs, charges and expenses, ~nciuding a reasonabie attwney's fee and costs of a6srracts of title, ir!cur.ed or paed at ~
~ny time by uid MORLGAG:E, becaux w in ~he event oi the faJure on the pan of the said MORTGAvOR to duly, ; ro:nptly and fu~~y perform, d~scnarge.
exrcute, effect, canp;ete, comply w~th and ab:de by each and every the stip~Iat~ons, agreements, condinons, and cover.aros of said promissory note a~:d th~s i
mongage any or e~ther, and sa:d costs, charges and eapenses, each and every, shall be immrd~ate~y due and payab:e; whether or not there be nof~ce d~
mand, ane~npt to coiiect or suit pe~~ng; and the full amovnt of each and every such paymrnt ahalf bea. i~terest from ihe dare ~hereof unril paid at ~he
r.it~~ of n~:ie per c~nr~m ~r annum; arxt ali seid costs, charges a~id ra~rnses Inturred or paid, logether w~th s~ch ineerest, shall be secwrd by the iien of th~f
mor tgsge. _
6. That (a) in the event of any b~each of this Mortgage or deFault o~ tF,r pan of tFur MORTGAGpR, or ;b) in the event any of sa:d sums of money "
here~n referred to be not promptty and tully paid wi~hi~ th;.ty i30) days nea~ a4rer the same severa;ty become dve and payable, wirh;out demand or noi~ce,
or (c) in 1be event each and every ihe stipularioos, agreements, cond~rions and covenants of sa:d pronusaory note and th.s morrgage any o. e~ti,er are not
iuly, promptly and fully periormed, d•scharged, executed, effeded, comp;eted, compi~ed wi~h and ab~drd 5y, then in enher w any wch event the sa:d ag•
~r~gate sum mentioned in said ptomissory ncte ihen ~e~naining unpa;d, wifh inrere;t accrved, and a~l moneys setured hrreby, sha~l betome d~e and pay-
ab:e (orthwith, w thereafter, at the opt~o~ of s~~d MORTGAGEE, as fully and complete~y as i( all of ~hr sald s~ms of money were or~g~naily si,pu~ated
to be paid oo such day, anything in se:d pro:nissory nole w in this Mwtgagr to the co~trary norxithstand~ny; artd ~hereupon or t'r~ereafrer a! ihe oat~on of
s.~:d MORTGAGEE, without nonce or dema~d, su~t at faw or in eqwty, there(we or thereatte~ begun, may be prosecuted ai if all mo~eys secured hereby
nad matured pnor to ~ts inst;t~f~o~.
7. That in the event that at ti~e beginn~ng of w at any time pending any su~t upon fhis Mortqage, or to toreciose it, or to reform i~, or to enforce
payment of any t~aims hereunde~, said MORTGAGEE sha~i apply to the Cou~t having ~ur~sd.ct~on thereo( for the appo~mment of n Receiver, svth Covrt shail -s~
Forthwith appoiM a receiver of said mortgag_d propcrty all and singuiar, in~;~,ng a:~ and si~~guiar the income, proi~ts, issues and revenues trom whatever
scu.ce derived, each a~d every of wh:ch, it be:~g e:press•y undersrood, is he:eby mo~rgaged as if spenlically set forth and descnbed in the g~amir.g and
i~~i~~id~m ttauses h,areof, ar,.~, su:ts Rc.c:.^.: shs!: !:a~e a!! ~!re ~rcad a~ ef!~ctivs f~~a•o~s r~ei ~.ve.s in anyw~ie erorusted by a Covrt to a Receiver, a~:d
s~ch appointrr~ent shatl be made by such Court as an admi~ted equ~ty and a maue~ of absolute rigM to said MORTGAGEE, and w~thout reference to the '
edcquaty w inadequaCy Of the value of the property mo~tgaged or to the sot.enty ot msolvenq oi se~d MORTGAGOR or the defiendaets, and that Suth :
rr,vs, proFits, income, issues and revenues ahalf be appiied by such Receiver accord~r.y ~o the lien w equity of said I:ORTGAGEE and the practice of sucfi
Court.
8. To duly, p~omptly and fully perform, d~scha.ge, execute, eHett, complete, comp~y with and abide by each and every the stipv~ations, agreemeMS,
ccnditions and covenants in sa~d promisswy note and th;s mcrtgage set forth.
9. That in the event the ownership of the mortgaged premnes, or any part tnereof, becomes vested in a person other than the MORiGACipR, the
~.'.ORTGAGEE, its successors arsd ass~gns, may, wifhae~f nouce to the .Y.ORTGAOR, deal w~Ih such successor or sutcessor in enterest wifh refrrer,ce to th~s
mortgage and the deot hereby sewred in th. same mannar as w~th Moregagor w]ihout in any way vit,ating or d~uharging the lJlorTgagcrs" Gabii~ty here-
ur.der or upon the drbt hereby secured. No sa:e of the ~.rem~ses hereby mo~tgaged ar.d no forbearance on the parr of fhe IhORIGAGEE or its wccessors
o. assigns and no extansion of the time for the payment of the debr hereby secured given by the 1110RiGAGEE or its successors or ass:gns, al~aJl operate
ro re~ease, d~scharge, mod~fy change or affect the o~ig;nal liao:i~ty oi the h~ORTGAGOR herein, either in whote or in part.
10. It is speuficat{y agreed tha~ time is of the essence of this comract and thaf no waiver oi any obl;gat~on hereunder or of the obligaT'an sr
cured hereby shai~ et any time thereafser be heid to be a~vaiver of the terms hereof w of the insfrument secured herby,
l l. In acid.tio~ to the forego ng month'y payments of princ pal and interest requir°~ by the prom ssory no'e sewred hcreb~, mo;tyay^or cOvenanis
j^d agrees to ~ay to mo:tgagee ~~!h each ~nw~rhiy payr. ent an odd!r~onal wm ~~sr:~~,ared by morrgagee to be equai to 1~' IZ of the annuaf cost of the foliow-
rrJ:
A--AIt real property taxes iev~cd O: 355BS5_O ag3i^st the aboie desc.ibed rt-a! estate.
B-Pranuums on f~re and wir.dsror~n ~nsurance as here~n ~equ;red to be ca.r~ed on the im~;rovements situate on the above descr~bed prem;ses.
C-Prem~un.s on s~ch mort~;;ge guararty ir.s~~rar.ce as me+*gagee shail frem t:me to ti~ne deem ft to carry on ihe !oan secured hereby_
Mortgagee sha?f f.om t~me ro time norHp morrgager ]rt writing of the amoc~t due and payable hereuodar and such sum shall thereupon be d~e and
:~vab~e on the due oa!e of ihe nexf month:y paymenr a~~d each success~ve mo~rh fhereafter uot;t mortgagee shall not~fy mortgayor of a change in such
~+,ouM. Such sums shai( be app!~ed by mortgag•_e to++ard the payment of reat property taxes, ins~rance prem.~ms, a~~d mortgage guaranry insu~ance
~emiums.
IN \YITNESS '1'HEREOf, the said M~RTGAGOR has hereunto set his ha:1~ and sea) the dry and year first aforesaid.
' ned, Seal tvered in the presence oi: j
~ L ~ (Sea!)
Wltrl SS Otil S L. Op$ {Seal)
~ .41~ ~ {Seat)
' Witness i ~ Shirley C Cooper ~~a~~
STATE OF FLORIDA ~ ` ~
CGUNTY OF ,LJ ~
Louis L Coo Y' and
Before me personally appeared • ~
~ _ Shirley C. COQpQI his wefe, to me well (cnown and known to me to be
rh~ irtdividuals desuibrd 'en and who executed ihe fwegoing instrument, and acknowledged before me that they executed the same fo~ the purposes
rh?rein expressed. And the said Shirlev_ C. Cooper
r~ife of the sa~d I.OU1S i'. Cooper ~ upon a sep~aye and private
e,~am~nat~on by me taken sepa.ate and apart from her said huiband, acknowledged to and before me that she executed said instrunte'tt free~y end volun-
rar~ly and w~t}wv? any compulsecn, constra;nt, appreher.s=on, w~ fe~alf of or from Fier said husband.
WITNESS my hand and official seal this_ ~~a^ 1V0 @i0 Z
day of A. b. 1~7~
\ + .
~ ? . • . . ;~.'Ic' .
Notary Public in and for fhe State ~DS~ FlorSd'a.~ '
My Commission expires: ^ _ r..-•~ ~ , ~ ~ ~
Retwrt Ia _ ~ ~!'t~]~~~,"; -
h r'y ~ '
First Federal Savings d. loan Associat~on ~C)T• ~ E'~~, j;:~~,- , -
Of fort P~,.~rce. ''•Y r---. - "r~~c:. •a~ ~ `S' -
Fprt PierCC. flcrida G~~• ti ~J'~.y .
~ ' i( .
~ ~~ry~
,
~ ~ ~ ~
This Instrument Prepared By Gary F. Ell~rood ~
First federal Savings 8. Loan Assotiation fIlEO At10 RECOt~OfQ
of Fort Pierce , Flor ida ST.IUC~E COUI~111 f1,A. ~
ROGER r01jRA5
CLfFK Ct~CUR ZO1lRT
Checked By P.EC9R? YE`~f1E0
t
~ ~~,Ez5~9 ~ o~ ~a ~
e~a~
_ 2'70~54 '