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3. To place and com~nuo~sly keep on the bul'd~~~gs ~ow a hereai~e~ situaq on sa~d i~nd and on all eq~ipinent and peteonal~y cove~ed by ~his matg• .
ag~, w~lh all premiums thereon pa~d in tull, firc inwran<e i~ the usual uanderd polity form, i~ ~ sum approved by the MOR~G%.GEE, a~~d winds~orm
inwraoce in tM uswl uanda~d po!:cy form, in a wm ~pproYed by tM MORiGAGEE, in iuch company or compan~es at the MORTGAGEE mey ,
dirtc4 ~nd all (ire +nd w~ndatorm insu~ance po~K~es on +ny of said buitdings, ~ny in~ere~t tFxrein o~ part thereuf, in ?he aggregare sum ~foresaid w
in ~xcea thereof, thall contain the uiual ~~and.xd ma~gagee clause w such o~Fxr c~aus~ a~ ~he Mo~tgagee may requ~re, maAi~q the to~s u~~der sa~d po~i- •
cies, each and erery. payabk ro sa~d MORiGAGEE a~ its ~nterest may appea~, and each and every wch poiicy sha~t be promptly au yned and det~vered to ' !
•ny held by ssid MORiGAGfE ~i further security to ~aid mo+tgage debt, anJ, ~ot leu than ~en (10) days in advance of the expirat~on of each policy, to de- :
liva to seid MORTGAGEE a renewal thereof, togetlur with a receipt fw ~he p?emium of t~<h renewal; ared there shall be no f~re or w~ndafo~m insurance ~
placed on ~ny of u~d bu~ld~ngi, any imerest there~n w parl thercof, unless in ~he form end with tM bss payable ss etwesaid; ~nd in the e~ent any sum , ~
of monty becomes payable under tuch policy a po~~cies uid MORiGAGEf shall have tf» op~~on w recaive end apply the tame on accounf o( the indetted-
neu setured hereby o? to permit ssid MORTGAGORS to teteive and use it or any part thereof for oti~cr purposrs, v~~tho~t th_.~u~ waivi•~3 0~ ~~~~pa~r• °
iny any equity, lien or right under w by virtue of th~s mo:!yage; and i~ the evero w~d MORTGAGORS shall (or any reason fail lo keep the sa~d premisei so
inswed, ot fail to deliver promptly any of said po~Kies of insvrance ~o said MORTGAGEE, w fail promptly to pay fuily any p+e~~~~um therefo~ w in any •
reipect fait to perfwm, discharge, eaecu~e, efiect, comple?e, comply with and abide by this cove~sM, a a~y part hereot, ~aid MGRTGAGEE may p~ace and ,
pay fo~ such irtsurance or any parl thereof without waiving w a(fectir~ +ny option, lien, equity, or r~ght unde~ « by v~~tue of this Mo~tgage, and the
fuli ~moun~ oi each and every such paymen~ shall be im~ned~ately due arxJ psyable and ehalt bear inte~e~t from the date thereoi un~il paid at ihe rate ol '
nine per centum per annum and together with such interest shal~ be secured by the lien of thii mortgage.
1. To ptrmit, tommit or suffer no wasta, impsirment a dete~ioration of said prope?ty w any part thercwf.
S. To pay atl and singular ~he costs, charges and ezpenses, including a resso~able at~aney i fee and costs of abst~ads o( title, incurred o~ pa~d a~
any lime by iaid MGRTGAGfE, because or in the event of the tailure on the part ot Ihe sa~d MORTGAGOR to duly, pranptly and fully pertorm, d~scharge.
execute, etfect, comptete, comp~y wi~h and ab:de by each snd every the stipulet~ons, agreements, co~d~t~o~s, and covenanrs of sa~d pcom~ssory note and ~h~s
mortgaQe any or e~ther, and sa~d costa, charges and expenses, each and every, thall be immediatcly due and payable; whether a not the~e be nof~ce de
mand, attempt to collect or suit pend~ng; snd the full amounf oF each and e~ery svch payment shall bea. inferest from the date thereof until paid at the
rate of nine per centum per amiu:n; and all said tosts, charges and ex.xnses incurred p paid, together w~th such interest, shali be secured by the lien of this
mortgsge.
6. That (a) in the ever.f of any breach of thii Mwtgage or default on the part of the MORTGAGOR, w(b) in the evrnt any of u~d sums of money
herein referred to be not promptly and fully paid within 1h~rty (30) days nezl after 1he same uvcrally Ixtome due and payable, without demand or notice, ,
or (c) in the event ~ath a~d every the stipularions, agreements: conditions and covenants oi sa~d promissory nofe ar~d th~s mortgage any a either a.e no1
~uly, prompfly and fully perFormed, dix6arged, execvted, effected, completed, complied with snd abided 5y, then in either or any such event the said ag
gregafe sum menYaned in said p~omisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, ahall become due and pay-
able forthwith, or thereafte~, at the option of said MORTGAGEE, as fully and compleiely as ii all of the said sums of monay were or~ginafly st~puiated
to be paid on suth day, anything in sa:d prom~sswy note or in this Mwtgage to the contrary notwithstanding; and ~hereupon a thereefter at the option of
said MORTGAGEE, without notice o~ demand, suit at law or in equity, there(ore or ~hereafter begun, may be prosecuted as if all moneys secured hereby
had matured prior 1o its institution.
7. That in the event that at the beginn~ng of or at any ~ime pendi„g any su~t ~Fon this Mortgage, a to forectose it, or to reform iL or to enforce
payment of any claims he~e~nder, said MORTGAGEE shalt appty to tFx Court having ~urisd~ction fhereof fw the appo~ntment of a Receiver, such Court shal)
~o~thwith appoint s receiver of said matgaged property all and singular, incivd~ng all and s~ngular ~he income, p~of~ta, issues ar.d revenuea lrom whete~er
source derived, each and every of which, it being expressty undzrstood, is hereby mortgaged as if speufically set forth and described in the granti~g a~d
habendum cla~ses hereof, and such Rcc~iver shall have a!1 the broad a~d effettive funtt~ons and powen in anywise envusted by a Court to a Receiver, and
s~ch appointment ahatl be made by such Court as an admitted equity and a ma~~er oi absolute right to said MORTGAGEE, and withouf ~eference to th@
edequacy o? inadeqvacy of the value of the property mw~gaged or to the wvency or inso!vency o1 said MORiGAGOR o~ the defendants, and that such
rents, profits, intome, issues and revenues shall be applied by such Receiver according to the lien ot equity of said MORTGAGEE and the practite of such
Courf.
8. To duly, promptly and fully perform, d~xharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditans and covenams in said promisswy note and this mortgage set forth_
9. That in t!x event t1+e owrtership of the mortgaged premises, o~ any part thereof, becomes vested in a perwn other than the MORIGAGOR, the
MORTGAGEE, its succeuors and assigns, may, wirhout notice to the MORTGAOR, deal with such successw w succeswr 4n in?erest with reference to this
mortgage and the debl hereby secured in the same rtianner as with htortgagor w~thout in any way vitiating w d~scharginq the Mo~tgagors' liability here?
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbesrance on the pari oi ~he MORTGAGEE or its successors
or assigns and no e:renz~on of tS~e time for the payment of the debt hereby sec~red given by the MORTGAGEE or its successors or auigns, aiwll operate
ro release, d~scharfle, modify change w affect the org~nal liabil:ty of the MORTGAGOR herein, either in whole or in part. i
10. !t is specificatly agreed that time is of the essence of this contraU and that no waiver of any obligat~on hereunder or of the obtigation se- i
cured hereby shall at any time thereafter. be held to be a. waiver of the terms he~eof w of the instrument secured herby.
11. In add~t:o~ to the (orego~ng monthty payments of princ ~al and interest requ~red by the prom~sso~y no!e secured hereby, mortgagor covenants
and ag~ees to pay ?o mo:tgagee vvith each monthiy pay:nent an add~i~onal sum est~mated by mostgagee to be equal tu 1/12 of the annual cost of the follow-
ing: ~
F A-All real property taxes tevied or assessed agaiest thc above desvibed real estate. ~
E B-Premiums on fire and windstorm insurar,ce as herein requ;red to be carried on the improvernents situate on the above dsscribed premises.
~ C-Premiums on such mongage g~a~anty ir.surance as mo~tgagee shail from t:me to time deem fit to carry on the loan secured hereby.
4 Mortgagee shail irom t~me to t~me no~ify mortgagcr in writing of the amount due and payable hereunder and s~ch sum sha!I the~eupon be due and
~ Fzyable on the due date of the next month!y payment and each successive month thereaftcr ur~til mortgagee shalf notify mortgagw of a thange in such
~ amovnt. Such sums s~ail be appl~ed by mor!gagee toward the payment oi real property taxes, insurance prem.ums, and mortgage guaranTy insurance +
3 p~emiums•
~ IN WITNESS VlHEREOf, tne sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ Signed, Sealed and delivered in the p?esenct of: ' ~
~ ~ f/l~ ~ an
~ Martin Lan en ~aq
Seaq
~ Antonia Lan en ~,q
~ STATE OF fLORIDA •
,.~~~u~~:~~:
~ ST . LUCIE ~ =
couNnr oF
~ Befo~e me perwnally appeared ~'~+:rt1D La~nQen ~ ~ ~ . end
_a
. ~~~.~f. }
~ ~1tQ~IIla ~.dllg@II his wife, to me;inelf atown and know~ ~d-,~?K' 10 ~ f
i?:a individuals deuribed in and who extcuted the fwegoing instrumem, and etknowledged befwe me that they: ~e~'Fed ~F~1 ~me f'w, the ptirposK F
~ - • ' ; ~ ~
~ ?herein expressed. Md the uid Antonia LAngen = ~ ~ ~ : J-+~: _
~~fe of the said M~YL1A ~.dllQ@D = ~ dupuri a sepj~atp ne~ private
~ examination by me taken separate and apart from her said hu:band, acknowfedged to and before me that she exe~_yted ~aid in~trYgi~r~heol~~rjd vo~un-
~ ra;ily and withovt any compulsion, constreint, apprehem~on, w fear oE or from F~er said husband. - 1 '•y ~
~ WITNE55 my hand and official seal thi~ ~~-t h~ day of A!11 ~~••~~Q' ~q 74
i ~ ~ ~ _ s
= Notary Public in and for the Stafe o~Flor' at Large
My Commission expires:
' Ret~m To:
~~3 First federal Savings 3 Loan Association
Of fore V:erce.
Fort Pierce, flarida
- ~
f LEO AMU ~ECtlitQEO
- _ IUCiE ~'OUNTY FLA.
~AT:: This Instrument Prepared By Williaa J. Fozbes ROCf~,~017RA5 :
First Federal Savings 8 Loan Association IIf.COR~ YERiFjEp ~OURT ~
: of Fort Pierce ~ Rlorida
~~j ~ 16 9 0? AN'7~1
Checked By
4f~ I~ • ~~I'~V
= BooK 226 Pa6E 6~.5
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