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7. To place and continuously keep on the bu+ d+ngs ~ow or he~eafter sStuite on ea~d iand and on ali equipmrnt and pe~?a~ally covered by this mor~g-
ege, with a!I premium~ thereon pad ,n Iuil, fire insura~ua m iha usua~ uandard pol~~y form, in a sum approved by ~hr MOR(G:~GEE, and vr~ndstorm
~nsurs~ce in the uwal standard pot.cy lorm, i~ a sum appro~ed 6y the MORTGAGEE, io iuch compa~iy or compaNes as the MOR)GAGff may
d~recl; and alI fire and w~ndswrm insurance pol~c~r: on any of sa;d buitd,ngs, any interes~ there:n or pait the~eof, in the aflgrrgs+e sum aiwe;~~d w
in excess Ihe~eot, shall contain tj~p usual standard ma~gagae clause a such olher c{aute ss Ihe Mongagee may rcq~ue, maMing the loss unde~ se~d poti-
c~es, each and every, payab:e ro sa~~ AIORTGAGEE as ~ts ~nterest may appear, aod each ~and every such po+ic~ sha11 be p~anptty ass g~ed and detivnr~d to
wny held by said MORTGAGfF as iurrher ~ecurity to said rtwngage dabt, a~:d, not leu Ihan ten (101 days in ad~ance oi Ihe expira~ion of each policy, to da
I~ver to said MORiGAGEE a re~~ewol thereoi, ~oge~her wifh s rece~pt for the premivm of sucF~ ronewal; e~xl thett ahalt be no f~re or wi~idstorm insuranta
placed on a~y of sa~d b~ildings, any inrerest there+n a part lhereof, unless in the form and with Ihe lo:s payable as aforesaid; and in the event any s~m
ot money beco~nel peYaG~e urJrr such ~a:ety or ~olic4es said MORTGAGEE shall have the op~ion to receive and apply the same o~ accoum o( Ihe i~tdrbtcd-
ness secured he~eby a ro permit aaid MORTGAGOR$ lo receive and use it o~ any part ~her.:of for orner purF~p3ri, svAhout th;.~ui w3~.~ i3 or m:p~~r-
ing any tqvity, lien or nght unde~ o~ by vittve oi this mo••gage; and in the event se~d MORTGAGOR$ shall {o~ any reason fai! to keep the said premis_s so
insured, w Fail to deliver promptly any af said poLcies of insurance to sa~d MORTGAGEE, w(ail promptly to pay fu~ly any prem,um ~he~elw or in any
reaped Fait to perform, discharge, execufe, efted, tomplete, cornply with and abide by this tove~anl, or a~y pei! hereof, sa~d MORTGAGEE may plsce a~d
pay for such insurance or any part thereof wiihout waiving o~ a(fe:ting any opt~o~, lien, equity, or righ~ under or by virtue of this 1~latgage, and the
1~~1 amount of each and rrery such paymeM shalf be immediarely dur and payable and shall baar inferest bom the date thereoi un1i1 paid at the rate ot
n:ne per centum per annw~ and togr~he~ with such inrerea~ shali be sewred by the lien o( th;s mwtgage.
1. io permit, commit ot suffu no waste, impa~rme~t or dete~~oration of aaid property or any part the~eof.
S. To pey all and singular fhe costs, charges and ezpensrs, including a reasonable attorney's Fee and costs of abstractt of tifle, in~uned w pa~d st
any time by said MORfGAG:E, beca~se a in the event oi the faiture on thr pa~t of the said MORTGAGOR Io duty, promptly and fully p,:rfo~m, d~acharge.
>x~cute, effect, complete, compiy wnn anc3 ao:cie by ceci~ o.-.d ~•rrry tAe stip~lat:ons, agreemenb, conditions, and covenants of said prom~ssory note a~d ~h~s
~•~o~tpaqe any Or eithe~, and sa~d costs, chargrs and e~pensas, each and every, shatt be imrned~ately due and payable; whethe? w not there be notice dr
mand, at~empt fo cotlect or su~t pena.ng; and ~ne iv~~ o~~~~w.: ~ e~ery such payotien~ shall bca+ interes~ (rom tfie date thereof until paid at the
,re of nine per cent~m per annu=n; and a{t sa~d custs, ci~a:gr: and e.;xnses i~u~rred or paid, together wah such interest, ahall be secured by the I~en of tna
:nortgage.
6. That (a) in the event oi any breacb of this Mortgage or defauit on ti~e part of the ASORTGAGOR, or (b) in the eveN any of sa;d sums of m.oney
h,rein referred to be not pranp~iy and f~;ly paid wi~hin thlrry {3Ui da~s nea+ a~re~ the same seve~alty beco~ne d~e snd payable, witFwut demand o~ notite.
o~ ~c) in the event each and every the stipu~ationt, a9reemenes. cond+r~ons and tovrnants of sa.d pren,iisory nate and th~a mortgage any o~ e~ther are not
i~sy, pro~nptly and iul~y performe•d, d~schar ~d, e,eccuted, efiected, co~n eted, co~n >Led wiih and ab~drd 5 then in e~ther w an such eveM ~he ad~d a '
9= P~ ~ Y. Y 9
~rc-garz sum ment~oned in said promissory nore then remaining unpaid, w~th i~r,e:u;t a;aucd, and eN mor.~ys secured hereby, shall become d~e and pay
ac~.a fo~~hwirh, or thereaftrr, at the opt~on of sa~d A10RTGAGif, as fuily arxJ complr.tr;y as if ail of thr s~~d sums eF money were or~ginally st~pu:ated
r~ b_~ p.,:d oo such dcy, anyihing in sa:d pro~+ussory note or in this Rlongage to the conr.a~y nor.~rthstand~;,g; ;nd thereupon or thereaiter at the op~:on of
s~.ti MORTGAGEE: without not~ce or demar~d, s.rit at iaw or in eqwty, tnrr~tore or th;rcaftrr brg~r, n~ay b'r l,rosecutcd as if all moneys secured hereby
c d ma~~red pr~or ~o rts inst~tution
7. ihat in the event tF~ar at the 6eginn~ng of or at any time pend~~~g a~y r~:r upo~ th~s frc~rgaye, c~ to foredose it, or to reform it, or to enfor~e
,.•»c>~t of any ciruns he~e~ntier, Said P.tURiGAGEE shait apply to ~he Co..r~ ha.~~ g ~u~=~d ~r.un tf:c:_ot 1or the apNO,ntmeM of a Rece+ver, such CeuH shail
i •hv.~rh o, pc~nt a rece~ver of said mortgaged prop~rty all and singular, in~;~~! ng :~r.d s~~:gv a. t1,r ince::~e. proi~ts, iswes ant~ revunues ~rOm wh,,tever
, ~i~•'~.~-d. each and every of wh.:h, it be~ng express`y unders+oo:l, u te:cuy me:tqj_~~d es s;ec.t~ci:y set forth and des<ribtd in the g~anun~ a~:d
~ _•~.l,,~n c!a;,sea h<reof, ar.d such Receiver sh,,il have ali the troad a~:d ef~ecr:~e I~~~_: v.n . ~,d ~ o~:ers ~n an~w~se anrrusred by b Cou~t to a Rete~.er, a~:d
a~-;'-~~~T~"e~~t sRor bc made by suth Court as an adm~ttrd equ~sy a~:d a r..a~ter of abs~~,~tY r:yht ro s.ud 61.)RTv<.I~EE, and witheut refErente to the
. i~,.~ or inad~q~ac~ of tne va!ur of the property mortaaged er to thc sc.y~~•~c~ cr :r.s:.,_ac; ef sa;d :.Jk!' :.vOR or the de`endants, ar.d tha~ wch
~s, ~,:otns, ir:cume, ~ssues and revenues shall be rppi~ed by wch Rcce~.er acc:,rci.~~g tc t1:~ or ,..,r~ c,i so:d t:.ORTGAGEE ar,d the praU~ce of suth
~~rL
8. To du:±. ~:o-:;.e'y and ful~y perform, discharge, exec~te, effecr, co.r~pl~re, co:•:f.:~ r:~+F. a~:d ab+de by each and every the stipu+ations, agreemeMS,
dlt~ons and c~ r~: +n:s :n sa d promissory nute and th~i mortyage srt fwth.
9. 1k~+ in rhe event :he ow~ersh~p of the mortgaged prem~ses. or any part therco4, 6eco~nes vested in a gerson o!her than the MORTGAGOR, the
:~RTGaG~E. ai~ccess~~rs a:~.d asugns, may, without r.ori:e !o tE,e VORTGAD2, dea( wirn su;h svccc~ssor er se:cc•:sso~ +r. eote~rst with reirrence to thia
r'gage a:.d :'r~, d:~t h:er~by secured in tne same manner as W~1I1 jfpftc~3(.j0~ Yr ~hOV~ in ar,y ~v~y vit.ot~n~ or d.scha:g~~~g the 1Jlurtyegors' liabdity here-
„-r ar ~ d~ i:! %._.v~.~ s•raned. tVo sale of the F~emiies heren~ mortgagrd and no fo~tear.•~~ce on the part of the 'AORTGAGEE or its s~ccessors '
ass~gns and no •~,r._, s:o~ o! rhf tk~n< for the payment of the debr he~eby sec~red given b~r tt±e ~RTGAv~E ar ~ts successors or ass:gns, ~~~all operate
r~•~ease, d:scharge, mud,fy c~:ange or atfect the orig~nai Imb,;~ty of the MCiRTGAGOR herein, eitner in whcie or in pa~t.
10. lt is spec'~:a;.,r agreed ~hat t~me is of the esser.ce ef th~s cororacr and rhat no waiver oi any ob':gar~on hereunder or of ti~e obtigation sr
.~~ed hereby sF.au at ~s;; t~;r__±~cr h,~i•? w, a,.,..;,,,.r of the terrns hereef or of the instr~mem secured hrrby.
1 i. in adcl.r.c, !o r•=r in~ege ng ~~~en!h'y payments of ~~ri~;c pal and inrrrESt req~~red br the ~c~~: sscr r,o!e sewred he.
F J ~rby, mortgagor covenants
-d ag.ees to Y„y ~o ~~,o•t~agee v,~ti~ each n.onrn'y pa~r.~ent a~ add~•~onai sUm rst r ared by mortyjgee to ~ eq~a! to 1 12 of ti:e aienval cost of the follow-
t
A-Atf te.ll property ta,ces tev~e•3 or azsessed ,,gai~~st thc above desrib= d.cal estare "
i
B-Prerr..;, en 4~r~ ar~~ v~:~:dstor~n ~r.surarce as herein requ.red to be ca-n~ d on tne imrroveme~ts s:tvate on tha above d-_svibed premises.
C-Premiun3 on such n:ony:,ge guar~nty ir.sura~.ce as mo~tyagee sha~l f~cn; t:me to t~me deem fit to carry on the toan sewred hereby_
Mortgagee sFa! f~om e~~~~e to tr-~e nc+~fy mcrtyoger m~r+rit~ng o` the amou~t due ar.d payabte hereundrr and wch su~n sha!! rhere~poo be dve and
.~;abte on the c!~e ~a+e of ~he r.e~r morrth'.y pay-nent and each success~ve ~r:onth tnereaiter ur,tii mcrtgagee sha!I not~fy nwrtgagor ot a thange in such
: ount. Such w~ns sha;l be appl~~d by mursyag•,e toward the payment ot real pwpeny taxes, insurance prem.ums, a:~d mortgage guaranty insurance
p-e~n~ums.
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!N Y~lTNESS :':N'zR~Of, tne sa~d MORTGAGOR has hereunto set his har$ and sea! the day and r first aforesaid.
' S~gned, Sealed and deiiver¢~ in the presence of: ~
- ' ~ ~~irf'it.C- ~ C~''c'-l (SeaQ
Duane L. Ball, a single adu~,~
~ c5ea~>
- - lSeaQ
S;ATE OF FLORIDA - ~
St. Lucie
:OUNTY OF
eefore me perwnally appeared D~ne L• Bdll ~ a single adult s~~~
Mstivi(!, tQ me well known and known to me to be
!he irtdividua described in and who executed the foregoing instrumenf, and atknowledged before me that ii~yr executed the :sme fw the purposes
rhere7n expressed. And~f+lialb "
~s~r-of ~t~?~~e+d ~ eperr s erpe?a+~ end~xFwte
~,~wn*newe~-b~ ~+ewsies~r aepawa~and epew ~feen~ i~e+-~eid i~esband ~t1~weHle.!lgrd ~ end ~efe2 w~e ~har~Ae ~xeee~ed sakl~ h+arren~enrf+~ey e~+ebir
bn4rend~wt~he~?an~ta~els~ar, evn~+rein,r~pp~ehpnsltA+,°,~or
e/srvf~e?~4ren~1?eFZaldl~trsbenef~
WIiNESS my hand,apd oificiaf seat this__ day of_ ~Cember A. D. 19 73
~~~l~it~;l:.~~f. ~ ~J ~
Notary Public in and fo e Statc of Fbrida at large
•~~R~tum ~To:~ , My Commitsion expire
. . . , ~ .
~ . -
. First
~~~~at ~riegi~ +S roan~(1ts6ciatiort
~Of For? P:e~ce. ' - Net~? ?Ob~y Sie~ O~'pp~(~ M Leeg~
= :Fort~P+e.ce. Flor~da ~r' ' M~ Commiuion Expirq p~t. 30, 197A
~7 ~ ~ lordcd br Murican P~n 6 Costwlty Co.
, _ .
J. H Robezts Jr. ~
T~4is, Inst~urn~nT' Prepared By • r
First Federaf'9avint s b~. loan Association ~.y
. of Fort Pierce ~ Flotida O/'42 FILEO J~MU KCCQROEO
ST. LUC?C C4UNTY FIA.
ROGER ?~?'TFAS `
' Checked By ~ Clf~:t C~:CJtT COURT ~
i Pfrq~~'rffi ~IEQ -
b~~x~~1 PAt,.~828
OF.c 18 10 aa AM'73
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