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Home My WebLink About0307 3. To piace and con~lnuoualy keep o~ the bui'dh,gs now w hereafter •i~ua~e on sa~d land and on all equ~y:nrro and persona~ly coverrd by this mor~g- age, with ail preni~ums ~hrreo~ pa~d full, Ine i~~surence in ~he uswl s~andard po'icy iorm, in a sum a4p~ovrd by ~he A10RiGAGEE, and wu~ds+wm ~n;urance in the usual s~anda~d po:~cy form, in s sum approoed by ~he MORTGAGEE, in tiuch company or compen~es as the MORTGAGEE may diretl; and all 1i~e and winds~orm in~~rance polic~es on any o( sa~d build~r.gs, any interost therein or parl thrreof, in ~he aggrrgate s~m afcres~+d or . ~n eacess Ihrreof, shail conta~n ~he usual standerd mortgagae ctausa o~ tuch o~her cleuss as the Mo~tgayee may reqw~e, makin9 the loss unJr~ sa~d poli- • drs, each and every. payab!e to said A~ORTGAGEE as ds ~merest may sppear, and each and every such poticy s1ia~~ be promptly ass gn¢d and dei~ver~d to any held 6y sa~d MORfGAGEE as iurther secur~ty to sa~d ~~:ortgage debt, and, not less Ihan ten (10) days in ad+ance of the e:p~rat~on of each policy, ?o de- Gver to sa~d MORiGAGEE a renewai Ihereol, toye~her with a receipl for the premium of such renewal; a~d thrro ihall be no f;re or windslo~m insurance placed on any of said buildings, any interest ~here+~ or part the.eof, unless in ths form snd with Ihe loss payable at aforesaid; and in the event any sum of money becomes payable under suth poficy a po~ic:es said MORiGAGEE shall have ~he optio~ to ~eceive and appiy the fame on accounl of the indc~~ed- ness aew~ed hereby or to perm~t sa~d MORTGAGORS to recrive and use i1 a any pa~t ihereol 10~ oti,er purE.osrs, wni~out th=«u; wa~.~ ~g o~ ~~~',P~~'' ing any equity, I;ert o~ ~ight undcr o~ by virt~e of this mo:'gage; and in the event said MORiGAGORS sha!I for any reason fail to kcep ~he said p~emia_s so insvred, or fail ?o deliver promptly any o4 said policies of insurance ro sald MORTGAGEE, or fail promprly to pay fully any pre~n~um therefor or in a~~y respect fail ro perfo~m, discharge, execute, efied, complete, comply with and abide by this cove~anl, o~ any part hereof, said MORTGAGEE may p~ace a~d ` pay for such insuronce or any part thereof without waiving or affecting any opt~or~, lien, equ~ty, or righl under or by virtue of this Ma~tgage, and fhe tull amounl ot each and every suth paymeM shall be ~mmediately due and payable anJ shall bear interrst from the date thercof until paid at the ~ate ot ri~ne per centum per a~inum and to3ether v.ith auch imerest shal~ `.~e setured by the lien of tAis moftgage. 4, To permit, commit w sufler no waste, impairment w deterioration of said p~aperty w any part thereof. 5. To pay all and s~ngular the cos~s, charges and expensrs, including a reasonable attorney's fee and costs of absrracts of title, incurred or pa~d s~ any time by snid-MORiGAG:E, because o~ in the evem of tlie fai~ure on the part of the said MORTGAGOR ~o duty, pro~~ptty and fully perform, d~scharge. :xecute, e~Eec~, complete, comply w~th and ab~de by each and every ?he stipulauons, agreemems, conditio~s, and cavenaros oi said p~onussory note and this n:ortgage any or either, and sa;d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not thrre be nor~ce do- n,and, attempt to cotlect or suit pendir.g; and the fuil amount of each and every such payment shall bea+ interest from the date lhereof uMil paid at fhe ~.,re of nlne per cenrum per annu:n; and all said costs, charges end ex~~~ses incurred w paid, tog~ther w,th such intuest, shall be secured by the lien of th+~ s mortgage. b. 7~hat (a) in ihe event of any breach of this Mo.tga9e or default on the part of the MORTGAGOR, or (b) in the evenl any oi aa;d sums of nwney herein referrrd to be not promptly and fulty paid wirl~in ~h~rty (30) days neat after the same seve~ally.beco~ie due and payable, without demand or notice, or (c) in tF~e event each and every the stipulations, agieements. tond~tions and covenants of sa•d promisso~y ~ote and th~s mortgage any w either a~e no1 ~~ly, promp~ly and iully performed, d~scharged, executed, effected, co~npleted, compGed w~th and abided Sy, then in dther w any such evem Ihe aa:d ag- gregate sum mentioned in said promissory nore then remaining ~npaed, with interest accrued, and atl moneys secured hereby, shalt become due and pay a~ a forthwith, or thereafter, at the opt~o~ of said MORTGAGEE, as fully and compietety as if all of the sa~d sums of money were or~ginally sGp~lated ro be pa~d on such day, anything in sa:d promilsory note or in this Mortgage to the contrary notwiths~a~ding; and thereupon w thereafter at the op~~on of sa;d MORTGAGEE, wi~haut nofice or demand, suit at law or in eq~i:y, therefore w Ihereafter beg~n, may be prosecuted as if all mooeys secured hereby n~d matured pnot to ~ts insi~t~no~. 7. That in the eve~t that at the beginning of or at any time pending any suit upon this Mortgage, or to fo.eclose it, or to reform it, or to en(orce payment of any claims hereunder, sa~d MORTGAGEE shalt apply to the Co~rt having jurnd~ct~on ~hereol for the appointment of a Receiver, such Court sfiall fc:thwith appo~nt a receiver o( sa~d mortgaged property alt and singular, incfud~ng all and singu~ar the income, p~of~ts, issues and revenues from whatever s:urce derived, each and every of whi~h, i~ be~~g expressly understoad, ia hereby mor~gaged as if spec~fically set iorth a~d described io the grao~ing and h3hendum clauses hereof, and such Rece~ver sha~{ have aEl the bruad and effec~ivz funct~ons and powers in a~yx~se en?ruseed by a Co~rt to a Recriver, and ~_ch appu;ntment shall be made by svch Court as an admined equity and a matter of absolute r~gh~ to sa~d MORTGAGEE, snd w~thovi reference to the nd~quocy or inadequacy of the valve of the p~oprrty mortgaged or to the savency or mso~vency of sa~d MORTGAGOR or the defe~dants, and that such re~rs, profits, income, iss~es and revenues sha11 be appiied by wch Receiver accwding to the lien or equity of sa~d MORTGAGEE and the prauice of such Court. 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the st~pulations, agreements, c~•nditions and covenams sa~d promissory note and thts mortgage set forth. 9. That in the event the ov.nership of the mortgaged pren,~ses, or any part thereof, becomes vested i~ a person other than the MORTGAGOR, the '.•~RTGAGEE, its successors and ass~gns, may, w~?hout no~ice to the MORSGAOR, dea~ w~th such successor o~ wccessor in imerest with reference to Ihis ~~•ortgage ard fhe debt hereby secured '+n the same manner as witF. Mortgegor w~ehout in any way vit~ating or d~scharging the Mo~tgagors' liab~lity here- ~~:der w upon the debt hereby sec~red. No sa'.e of the premises hereby mortgaged and no fo~bearance on the part of ~he /AORTGAGEE or its successors or a:signs and no exiension ot the Gme for the paymem of the deb~ hereby secured g~~en by the M.ORTGAGEE or its suttessors or ass~gns, shall operase ~o release, d:scharge, modify change or affect the origmal liab~Gty of the 610RTGAGOR herein, either in whole or in part. 10. It is speufically ag.eed that time is of the esser.ce of this contract and that no waiver of any obl~gation hereunder or of the obligation sr c~red hereby shali at any time thereafter be held to be a wa~ver of the terms hereof w of the instrument secured he~by. 11. In add:tien to the forego n9 monthiy pay+n_nn of prir:c pai and interest requ~red by the promissory note secured hereb~, mortgagor to~enants ~ ~~.d a r_es to a to r:o-r a e xith each mon~hi a ~zero an add~~~onal sum est~mated b mort a ee to be e ual to i, 12 of the annual cost of the foilow- i 9° P/ 99'- YF Y: Y 99 9 . ~ A-A!i reat property taaes lev~ed o~ assessrd ag3i•~st the above desc<i?~ed real estate. i B- PI•1n~.iu~t:5 0~ f~re and wh:dstorm insuracce as here~n requ;red to be carried on the ~mptoveme~ts s~wate on the a5ove described premises. ~ C-Premiun~s on such rnortgage guaranty ir.sura~:ce as mo'tgagee sha:l frcm t me to time deem fit to carry on the loan secu:ed hereby. ~ Mor!qagee s^a l frcm t~me ro t~T.e ncnfy mortgagcr ~n w~~t~ng of the an:ocnt dve and payable hereundrr and such su-n shall thereupon be due and ,;able on the due date of th~ next month:y payr*:ent and each successve morith therea{rer urti) mortgagee sha~l notify mortgagor of a thange in such $ ~ ouM. S~ch surns sl.ali be app:ied by mortgagee ~oward the payment of real prepe~ty taxes, insurance prem:ums, a~ad mortgage guaranty inaurance ~ ;~~•em~vms. " 1Y \'~ITDJESS WHER~OF, the sa~d MORTGAGOR has hereunto sei his h.~r.d and seal rhe day and year first atoresa~ . ~ Signed, Seated and delivered in the resence of: ~ ~ P ~t2- z.~12~ ~ Q~ aq ~ - Anna Jackson, a frido~r ~~a~~ ~ (SeaO ~ (Seal) - ~ ~ i ASE OF fIORIDA 1 ~ } S5. ~ ~JU'dTY OP i_i~cip 1 ' ~ Before me personally appeared Anna ia~3[~nn n+riArru ' ~1iC~lf~, to me well known and known to me to be ` ~ !he individu5l destribed in and who executed the foregoing instrument, and acknowledged before me thal.7he executed the same for the purpoxs ~ ~herein expressed. 74At~A1~A1r - ~ oF ii~i ia+~ ~~PApoae~ Ra~~ ; as~i~a~~an~s~ae3~a~a~~~ast~=s1~6auW~admo9al~d~,}a~toaa~b~mctbst~lt~a~asmstadismm'asfes~s~~d~e , s? ~c~~~F~~~mmss~~~tP:~sa~ c~~~Escfras~s~idf~c~d. _ `1 , xs WITNESS my hand and official seal this_. _ day of ~~~Z'~'~ - A. D. 19 _ ~-L. ~ ' - c~--~~ r„ Notary Public in and for the State of F a et lar My Commission expires: ~ "1 c+ - Ret~rn To: ,~;~ii~~t::i~ ~ ' First Federal Savings 8~ loan Association :;.~1 - , ~i~ _ ~ ~ Of Fort P.erce. ~ ""''-t•-' . ~ ~ fort Pie~ce, Ftc~:da ' ~ - fILE6 A~Ifl RE , J - ~ ` r~~ st.waECOv~ r~._; ~~ci:.~ ~ : - ~ RO~EP. a01TR~4 ~ ~ . . ; ' ~ This Instrument Prepare~ By Gary F. Ell~?ood CLENK C1A"vWT CW~'t ~'y ~.C`~~~,0 ; - First Federal Savings & Loan Association ?~ft4a0 yER~~~EO ~c.`•'•. . ~ f Fort Pierce F lor ida 33450 - ° , An I I 4 ~t PM'~~I ~"''~-~ff; ~lti: Checked By ~ ~ go~K 226 oAcE ~i{17 ~~~3~.5 _r~ I SA ~ F.~' _ . F - . 3?'~~ . ' . _Y _ . _ j _ _ ~ .C'~ ~ _ -