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Home My WebLink About0985 3. To place and conrinuovsly keep on ~ne bu~:d~ngs now a hr~eafter ur~ete o~ sa~d ~u?d and on a!t equ~pment and pe~sonally covered by this ma~g- egs. with •II premiurns tAercon pa~d m Ivll, Gre insurance m ~ne vauai s~a~derd po'~tY ~am. in a wm approved by thc MORiGAG~E. and windstwm ~nsura~ce in tht usual •+anda.d po::cy ~lorm, ~n • s~~n ap{~o.dd by iha N10RTGAGEE, in such canpany or co~.~pa~~es as the A40RTGAGEE m~y d~rect; ~nd ail fire and w~ndiarm inwrance pol~c~ea on any ot sa~d b~~~d~rqs, ~ny in~e~es1 therein or part ihrreof, in tM aggregate sum alwesaid w in eacess ths~eof, shall co~~a;n ~hs usval standard mortgeqee clsuu w wch ahe~ daust +s ~he Ma~gagee may reQu.rs, ma~~n~ ~he ioss unJe+ sa~d poir c1es, esch and eve~y, payabk ro s~~d MJRTGAGEf as ns ~rorrrst may appsa~, and each and every such pof~cy sha~l be prompt~y au yned and de~ivered ~o any held by said A10R1GAGfE as fvr~her security to sa+d mortgsge debi, and, no~ leu ~hae ten (10) days in advance of ths exp~rat~on of each policy, ~o d~- f~er ro said MORTGAGEE a renewal thereoi, to~e~he~ with a ~ete~pt for ~he pre~nfum oi s~ch re~xwal; and ~here shali be no F~re or wmd~tcrm insurance plated a? ~ny of said bvildings, any interest increi~ o~ part thereof, u~leis in the ~orm and w~th the losa payable at afwesaid; and in the event any tum of money becomes payable unde+ s~,ch policy ot po:~cies said MORiGAGEE shali Mw ~hs opuon to receive and apply the •ame on account of the indrbtrd ness secu~ed he~eby o~ ro pe~mit said MORTGAGORS to reteivs and us~ it p any part the:eof tor o:her purpases. w~~nou1 ~h_~~o~ wa~+i,~~ cr uupair- iog any eq~~ry, lier+ or right und..-r a by virtue of th:s matyage; ~nd in the ~ve~t sa:d J110RTGAGORS shall fw any reason (ail fo keep ~he u~d pre~n~ses so insured, a fail to dc:iva p~omp~ly any of said pol~cies of inwra~xe to sa~d MORiGAGEE, a fa~l prompllY 1o pay fully any p?emium tnercfor or in a~y respect }ail to perfwm, dixhaige, execute, eifect, comptetr, comp~y wiih and ab:de by this cwe~ant, w any par~ hereol, said MORTGAGEE msy place and pay fa such insurance or any part ihe~eot wdhou~ waiving ar affectir~ any op~~on, Iien, equ~ry, or r~gh~ under w b~ vht.x of this Alwtgage. and the f~ll amo~nl of each snd every such payrt+ent shall be lmmedutely due and pay+ble and sha11 baar iNe~est from the date thereof uoril paid at ~he rate oi n~ne per centum per annum jnd to~rthrr wi~h such inte~esr shal: bc secu.ed by the lie~ o( tltis mortgsge. 1. To permit, comm~t p suffe? no wasre, imp~irment or deterioratan of sa~d property or any paA thereof. 5. To pay all and singu~u the costs, cMrgcs and exPe~ses. ~~c!ud~^9 a reaeonable anwney i iee and cosfs of abstracts of titie, incurred or pa~d at ~ eny time by sa:d MORiGAG:E, becaux w in the event of ihe fa~ture on ~he parf of the wid MORTGAGOR to duty, prompely and fully pcrform, d~xharge. ? ~Mecute, eifett, comp:ete. cw*~ply w~th and ab.de by each and every the stip~,latwns. agrer~nenn, conditions, and covenants of sa~d promiswry note and thi~ .Tortgege any w ei~hcr. and sa~d cosrs. charges and expenses, each and every. shall be immed~ately due and payable: wheH+er or not there be no~Ke de mand, attempt to collect w suit pend~ng; and tF+e fufl ainoum of each ~nd everY such payment shall 6ea. intereat from the date thereof until paid at Ihe t ~.,te oi n~~e per centum ~r arn~u:n; arw' all said cosn, cha~ges and eYprnses incurred o~ paid, together w~~h such inte+es:, ahall be secured by the i~en of thi~ ; 3 fnW19~JQ. ' b. That (a) in the event of any beach of this Mo~tgsge or defauit on the part of the MOftTGAGOR, or (b) in the event any oi sa:d sums of money herein refer?ed to be not p~anptly anrl (ully paid wirhin th~rty ;30! days ~ext afrer thr same se~era'!y become due and payable, without demand or notice. or (e) in the e~enf each and every tt+e stipulat~ons, a9~cemenrs, cond~rions s~d covenanrs o1 sa:d p+omisso+y note and fh~s mor~gage any or e~iher are no1 ~ufy, promptty and fully performed, d~xharged. eaecuted, cffected, completed, complrcd with and abided 5y, then in e~ther or any such evtM the said ag ~regate sum mentioned in said p+om~ssory note tfien rcma~ning unpa~d, w~~h intere;t accrued, and atl moneys secured hereby, shall become d~e and pay- ab!e to~thwith, a thereafter, at the opt~on of seid MORiGAGEE, as fu~ly and completely as if all oi the sa~d sums oi money were wiginal~y stipulated ro be pa:d on such day, anything in sa:d prom~sswy note o~ in this Mwtgagr ro the contnry notvvithstanding; and thereupon or thereafter at the option of na!d MORiGAGEE, w~thout nonce p demand, auit at law or in ~wty, tFKrefore or th~veafter begun, may bt prosecuted ss if all moneys secured hereby ncd maturcd pnw to ~n itutitut~on. ~ 7. That in the event that at the beg~nning of w at any time pend~ng any suit upon this Mortgage, or to foreclou it, or to tefwm it, o~ to enforte p3yment of any cla~ms F+ereunder, said MORiGAGEE sFwll apply to the Cou.t having ~vrisd.ction thereol fo~ the appointment of a Receiver, such Covrt shall fcrrhwith appoiM a receiver of said mortgaged proQrrty all and s~~gular, incl~d~ng ail and singu~ar ~he income, p.ofJs, issues and revenues irom whatever sevice derived, each and every of wh:ch, it be~ng expressty understood, ia hereby mor~gaged as if specifrcally xt fwth and described in tF?e g~anting and h~xndum c!auses hereof, and such Rcceiver shali have ~II the broad and eifecrive funcnons and powers in aoyw~se entrusted by a Co~et to a Receiver, and r ch appo~ntmem shall be made by such Co~rt as an admirted equity and a matte~ of abso~ute righ~ ~o said MORTGAGEE, a~d without reference to the adrquacy a~nadequacy of the value of thc property mortgaged or to rhe so~ver~cy or ~~so+Yency of safd MORTGAGOR or the deiendants, and that such renes, profits, income, issues and revenues shaii be app~~ed by s.,ch Receiver accord~ng to thz ~ien a eq~ity of said MORiGAGEE end the practlce of such lOUrt, 8. To duty, promptly and fully perform, discharge, execufe, effea, comp~ete, comply w~rh and abide by each and every fhe stipulations, agrrert~ents, :calditions and covenams ~n sa~d prorissory note and th:s mwtgage set forth_ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes ~ested in a person othe~ than the MORTGAGOR, tke A'ORTGAGEE, i~s succeuws and assg~s, may, withovt ncr~ce to fhe 1l!ORTGAJR, deal w~th avch successa w suaessw in interest wiih reference to this r o•igage and ihe debt hereby secu.ed in the same ma~ne* zs with rSorsgagor wnhout in eny way vitaating a d~xharging the Mo~tgagors' liability hert ;;nder or upon the debt hereby sec~red- No sale of the Fremises hrreby mor~gaged and no forbeara~ce on the part of the /J10RiGAGEE w its suctessws cr ass+yrts and no eatensian of she time fw the payment of the d>b~ he+eEy secured given by the MORTGAGEE or its successors or au~gns, ahall aperate ro re~ease, d~xharge, mod+fy ctwngc or atfect tne orig:nat liab:ia~ of the MORTGAGOR herr~n, either in whole or in parL l0. It is spec:f~cally agreed that time :s of the essence of this co~tract and that no waiver of any ob~~gat3or+ hereunder o? of the obligaYan se- cured hereby shali at any time thereafter be he:d to be a wai+er oF the terms hereof w of the instrument secured he~by. i l. In add;tio~ to the forego'ng rrwnthly paymrnts of p~inCpal aod inrerest requ~~ed by the prom.:sscry m~e secured hereby, mwtgagar covenanrs a• d agrces to ~ay to mo-tgagee w+~h each m.onth?y payr~ent an add~:ional svm est•n~ared b~ mortgagee to be equal to l;' 12 of the ann~al cost of the follow- ~ A-All real property taxrs le•~ie~ w asses:ed aga~ w thc above descri6ed real estate_ B-Prcn: ums on f~re and wir,dsrorm ~nw.arce a: nerel~ rc-qv~:ed to be ca-~ied cn the ;mproveme:~ts situate o~ the above d=scribed premises. C-Premivms on svch mwtgage guaranty ir.sura•,ce as mo~tgagee shaii from ~ me to nme deem fit to carry on tFK ban secured hereby. ' Morigagee shail from t~me to r;:ne no:ify mcrtgagcr n wr~unq of ihe ar.:ovnt dve and payable FKreund.'r and such surn shall thereupon be due and ; a,abte on the due datr of tne Rext month:~ payrrent a~d eacn successire mo~th thereafter ur:til mottgagee sfiall notify mortgagor o! a change in such 'f , ovnt. $uch sums sha.t be app:ied by morsgagee toward the payment of real proF~e:ty taxes, insurance prem.ums, a~~d mortgage guaranty insurance f c~•Frn~ums_ IN YJtTNE55 WNEREOf, the sa~d MORTGAGOR has hereunto set his har.d and sea! the d and ar first aforesaid_ ~ ~ s Signed. Sea!ed and deliveved in the presence of: Sean - os h . Lee siy ~ s~aq harlotte Lee ~~a~~ STALE OF FLORIDA ~ St . Luc ie ~ouNrY oF ~ Before me personally appeared J05~~1 W. IR@ and Char lot te ~R@ his wife, to me well known and known to me fo be ind;viduals desv~bed in and wno eaecuted the fwegang instrvment, and ackrawfedged before me that they executed the same fw the pvrpose~ n Charlotte Lee rhe~ein expressed. And rhe said r;ife of the said Jose~h W. ~e - upon a separate and private _*am~nat~on by me taken separate and apart from her wid husba~d, atkrwwledged to and befae me that she exetuled said i~ntrument freely and volurt- }s~:iy and w~thout any compulsion, corutraint, apprehens~on, or/bar of or from he~ said husbsnd. Y WITi3E55 my hand and official seal thi~ da of ~Y ~ , A D. 19 74 ~ Notary Public in ~nd for the Stat f florida Large • } My C.ommiui~ e:pires: ~Jy.. Ret~rn To: ~r FIIE[ ~h= ::EC~~DED Fint Federal Savings a loan Associat:o~ ST. lUClt "OUkTY fLA. ~ ~ Of fo.t P e~ce. ROC~~ F'):Tr~A$ ~ Fcrt P~rrce, Fic~~da C~~F~ C~URT J~ ~ ~ V: n ~ ~ . ~{Y ~ ~ . Mut [6 i oo PH'1 . ~ This Instrument Prepared By J. H. Roberts ~ JZ ~ ~ First Federal Savings & Loan Association ~i~' lt~2 t~, ~ of Fort Pierce , FloYida : ~ ' : ~ Chacked By ~ - ~ - ~ , ~ ~ ~ - J , _ _ . _ _ _ - 3 .~FF'' ~ ' f/a..v'.~..."K~t?:F4 G"~ ~'.-1'k'~•a : } W^uf.ee'v s~ ~ : ~ = P ~m~. ~ 3 ~ - w . s-- . . . .c. .:~~_y.a ~ .'z . _