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Home My WebLink About1326 3. To plsce and co+~~imwusly keep on fhe buitdings now w h~reafter utual~ on said I~nd ~nd on ~II equipmero ~nd p~?sonally cove~ed by this ma?p~ ~p~. with •II premiur?w thsreon p+id in iuli, fi~e insvranc~ in tM ufu~l iandard polity fwm, in ~ fum nPpr« ~~n ~MORTG~GEEI,~R GAG E s~maY inwranc~ in 1M uswl f~andard pol~q fam, in a sum approv~d by tM MORTGAGEE. i~ wc!? campa Y d'uect; and alI fire and w~.?daorm ir?suance policie~ on u?y of said build~rgs. ~~y inta~st thtr~in w put the~eof, in tM ~rc~ste sum ~fo~tw~d ot In ~xceu Ihereof, tMll ca+tain tM uiual itu+d+rd mor~9s9~+ ct~us~ a such whn clsus~ ~s tM AAa~p+9es m+y rWu~r~. ^w~j"~ tM lou under ia~d poli- cies. each and tvtry. paYabl~ ro s+id MORTGAGEE as iti interest may ~ppear, and each and ~v~ry ~uth policy shall b~ promptly ~u.y~ed and delivered ~o •ny MW by aid MORTGAGEE as furtMr aecority to s~id mort~~ge dabt. +nd, not leu tFW~ tsn (10) days in ~dvance of tM expiraYron of each policY, to d~- Gvp ro aid MORTGAGEE a r~newal ther~~f, toqetFwr wi~h a rece~pt fw the p~~miwn o1 such r~newalt and than shall bs no fire or w~nds~orm inwrancs pl~ad on ~ny of ~id b~?iWinps. ~ny intaest therei~ or psrt tMrwf, ~nleu in ~h~ form u~d witih tM lou paYabl~ u~faei+idj +nd 'a+ the ev~^t +ny sum of n~y becomes paYabb under such policy or policies iaid MORIGAGEE shall haw tM optan to ~eceiw and apply the sam~ a? ~ccoun~ of ~he indeb~ed~ neu secured hereby a to permit iaid MORTGAGORS to tective and us~ it p any par~ ?hereof ior othcr purposes. wi~hout ~hareb~ wai~ing a ~mpair• iny any equ~ty, li~n or right ~nder or by virtus oi this mortysyej ~nd i~ tM ~ve~t ~aid 1NORTGAGORS ihsll fw a~y reaso~ f~il to keep the said p~ertri~es so i~sured, or fail to d~liver promptlY ~+Y of said policies of insur~nce to said NWRTGAGEE, or fail promptlY to pay fully ~ny premium therefw o~ in +~Y respect fail to pNform, diuM?ge, ~xetule, effect, complete, comply with ~nd +bid~ by this aove~anL a+~Y Pa~~ ~eOf, aaid MORTGAGEE maY P~ace a~d ' paY fa ~uch inwrance w a~y put thaeof without w+ivinp a affectug any option, tan, puity. or ~~gh~ u~de~ a by virtus of ~his Mortpa~e. and the + full amount of each and ev~ry tuch payme~t shall bs immediaqly dw and payabl~ ~nd ih~ll b~ar intsrest from tM dat~ thereof ~~til paid at ths ratt o1 ~ nin! pN CMT~r1i pe+ anrwm and together with such interest :halt be secured by th~ lia~ of this mortg+ya To pe?mit, canmil or wfier no wa~te. impairment a deterioration of said property a+ny p~~t thereof. ~ 5. To p+y all snd wgula? ths cosn, charges ar?d expenses, includinp ~ reasonable ~ttwney's fee ud costs of abstracts of titl~, incurred w paid any time by said MORTGAGEE, because a in the ~vent of the fallure on tM pa?t of ~he isid MORTGAGOR to duly, promptlY snd fullY per(orm, diuha~ge. ~ execute, et(ed, compkq. complY w~th and abids by each and every the stipulatans, ag~eemenn. ca+dition~, and covenanb of said promissory note and ~hii mortpsps ~ny or either. ~nd said cosb, tlwr9es a~+d expenses. each and svery, sMll b~ immediately due end payable: whether or not there be norice de mand, attempt to colktt or wit p~nd~n~; and tM full a~nount of each and every ~uch psyment shall b~a~ interest from the dats tl+ereof vntil p~id ~t the : ate oi nine per centum per annum; aRd all ssid msts, charges and expentes int~tred w paid, together wilh such ioterASt, sh~ll be secured by tM lien of this morf~~s. 6, That In ths went of any Meach of this Mortyap~ or default on the parl of the MORTGAGOR, w(b) in the event ~ny of sa~d ~wns of money herein referred to bs not promptly a~d fully paid within thirty (30) days next after the iame sererally become due and payable, without demand w norice, ~ or in the event exh and every the s~iputatiau, sgreements, cond'+tions snd covenants of sa~d p~omissory note s~d th~a matyaye ~nY w eithe~ ar~ not iuly. promPHy and fully perfwmed, d~uhar9ed. executed, effected. completed, complied wlth and abided by. the~ in e~ther or sny such ewnt ihe said ag ~ gregate sum mentaned in taid promiuory note then remaininp ~npaid, with interest acuued, ae~d atl moneys secured hereby, sh+~l becwne dw and pay- ? able fathwith, or thereahe+, at ths option of said MORTGAGEE, ss f~lly •nd completely as if all of 1he wid wms of money were w~ginally ttipulated ro be paid on s~ch day, anything in said promiuory ~+ote w In this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the opt~on of said MORTGAGEE, without notKe w demand, wit at law or in equity, therefore w thereafter beg~n, may be prosec~led u if al) n?oneys secured hereby had m~tured prior to its institution. 7, Th.+ +he event ~hat at the beoinnino of or +t any time p~~ding any wit vaon this Mortgsge, o? to foreclose it, or ro reform it, a to enface ti r...... .~~l~ payment of any claims hereunder, said MORTGAGEE shall apply to the Court having IurisdKtion thereoi ip ine sppoinTmeni o€ : ~Rei.~. rw.. Forthwith sppoint a receiver of wid mortgaged {xop~rty all and singulsr, includ~ng all and singula~ the income, profits, issues and revenues from wFwtever sourte dtrived, each and e+rery of which, it being expressly ur?derstood, is hereby mortgsged u if spec~fically stt fo~th ~nd desvibed i~ fhe pranting and habendum cla~ses hereof, and such Receiver shall have sll the broad and effective fvnct~ons and powers in ~nywise entrusted by + Court to a Receiver, and such eppointment shsll be made by such Court as sn sdmitted equity and a rrNtter of absolute righl to said N10RTGAGEE, and without reference to the adequscy w inadequacy'of the wlue of the properry mortgaged or to the wtvency or insolvency of ~said MORTGAGOR d the defendants, and that such renu, profits, irxome, issues and revenues shall be applied by such Receiver accordi~g to the lien or equiry of said MORTGAGEE and the practice of such Co~rt. 8. To duly, promptly and fully perform, diuharge, execute, effect, comptete, comply with and abide by esch +nd every the stipulatans, agreements, ~ co~ditans and covenants in said promiswry ~wte and this mortgsge set forth. ~ 9. That in the event tFro ownership of the morlgaged prem~ses. o~ anY Part thereof, becomes vested in a person other than the MORTGAGOR, tM ~ MORTGAGEE, iri succeuws snd auigns, may, without notice to the MORTGAOR, deal with such successor o~ wccessor in interest with reference to this y mor~gage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiding o? dixharging tF?e Mortgagors' liability Fkre- under w upon the debt hereby secured. No sale of ~he premius hereby mortgaged and no (ub~arante on the part of the MORTGAGEE or its successors or auigns and no extenian of the time fa tFK payment of the debt hereby secured give~ by the MORTGAGEE or its successors w auigns, shall operate to release, discharge, modify change w affect the wiginal tiability of the MORTGAGOR herein, either in whole w in put. 10. It is specificatly agreed that time is of the essence of this contract and that no w+ive? of any obligation hereunder w of the obligation sc c~red hereby shali at any time thereaiter be hetd to be a waiver of the terms hereof or of the instrumens secured herby. 11. In add~tion ~o the fwego:ng monthly payments of princ'pal and interest ~equired by the promiuory nofe secured hereby, mortgagor cove~ants and agrees to pay to mortgagee with each monthly payment an sdd~rionat sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate_ B-Premiurru on fire and windstorm insurance as herein requ~red to be carried on the improvemtnts situate on the above desuibed premises. C-Premiums on such mortgage guaranty insurar.ce as matgagee shatl from time to time deem fit to carry on the loan secured hereby. ~I Mortgagee sfiall from time to time notify mortgagw in writiny of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable o~ the due date of the ~ext monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagw of s c!wnge in such a~r,ount: Such sums shall be applied by mortgagee toward the payment of real propeAy taxes, insurance prem.ums, and mortgage guaranty insutance { premiums. ` ~ IN WITNE55 WFIEREOF, the said MORTGAGOR hai hereunto ut his hand and seal the day and year first afwesaid. ~ Se~led de' ed in presence of: ~ / n aq , y\ r 15.a(~ STATE Of FLORIDA ~ Lucie coucrnr oF St • Before me personally appeared Mie~~~ 1 aZitfAII snd Constanee M. ~Ofl his wife, to me well known and known to me to be rhe individwls described in and who executed the foregoirg instrument, and acknowledged befwe me that they execvted the same for the purposes ~herein expressed. And the ~ Constaaee C$1'1A011 vvife of the said Miehael .1. C~~110II = upon a separate and private examinatan by me taken separate and spaA from her ssid husbsnd, adcrawledged to a~d befote me that she executed said instrument fregl~t and volun- tarily and without any compuls"wn, constraint, apprehension feu of or from her said husband. ' ~ WITNESS my hand snd official zeal this ~a ~ day of Ma - A. D: 19.i 74 . Q, Notary Public in and for Stat of jt ryq- ~%f~ " ~ f`E ~Np QEC,Q„R F~~ y My Comm~ssion expir . V. `'9'i ~~i~ eenfn, to: ~ 1. \ . • ~ l.U~IE Fa1i~N . ~ 461ZAAS • = First Federal Savings a loan Assotiation b~• aQCE~ Cp~~ ~ ti=•'- ~a ~ Of Fort P~erce_ CLEa vEP ~,EQ . . . . _ ~ ~j;.~'`~'~,~ . ~ _ :J • Fort Pierce, Fbrida aECi~R~ ~ ~ : , l Cfj ' y~ ' ~ ~0 20 ~ 8~ ~ - ~ ~ ' ` : Q ~ ~ 1 _ ' t . '1 ~ t••.....•• ~4 ~ ~;T ~ ~ , This Instrument Prepared By R1Chd~cd K. ICayeS First Federal Savings 8 Loan Association ~ of Fort Pierce ~ F10r3da? Checked By ~P~ 800K PAGE1324 ~ - - s~~ - -