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3. To plac~ and conttn~ously keep on the bu~lding~ now w he~eaitN ~itu~le on taid I~nd and on ail equipmcnt and perso~slly covared by this mort~ „
~gs, wi~h ~II pre:n~ums therco~ pa~d in (ul4 fire insurancs in tM uiual ttandard poticy fam, in • ium approved by ~he MORTGAGEE, a~d w~~ds~orm ~
~n~ura~c~ fn ~M vswl standard pot:cy fam, tn a sum ~pproved by tM MORTGAGEE, i~ such company w canP+~~es ss tM MORTGAGEE m+y
direc~t and all iir~ ~nd windstorm insur~nce policie~ on any of said buildin~s. My inte~efl 1Mr~i~ or part fhertof, in tM +~g~ey+~~ sum afaesaid o~ ~
In ~xcess ~hereoi. shall comain tM utwl standard ma~ya~a~ cl~uw a sucF~ o~Mr d~us~ as tM Mat9a9et m~y requ~r~. makinp ths tou under ~a~d po1F
cies, each ~~d ~very, payable W sa~d MORTGAGEE as itt i~tere~t may appea~, and each and every s~c!? pc~~cY thd~ be P~«''P~~Y +u 9^~ a"d d°~"'°'ed to • ~
•ny held by sa~d MORTGAGEE ~s (urther security to said matgage debt, and, ~ot I~ss than ten (10) days in advanc~ of tM expirst~on of each policy. to da
liver to said MORTGAGEE a ~~newal theraof, topetM? with • rettipt fo~ Ihe p~emium of tuth renewals and thers ~hall be no f~re w windstam insuronc~ :
piat~d on any of satd buildic~s, any irttcreaf tM+e~+ a ps•~ rirr.of, unlea~ in th~ iorm ~nd wilh tM bts P+Yabk as afwesaids +~d ~ the evenl a~y svm - . i
of nwr?ey beca?xs payable ~nder such policy a policies said MORTGAGEE shall Mw the optan to ~eceive +nd +pP~Y the s+"`e o" +«o~n~ oi Ihe i+~clevtrd• : ~
neu secured hereby a fo permit said MORTGAGORS ro receive and us~ it w an~ pa~t ~hereot fw other purposes. without the~cb/ waiv~~~g or unpai.- ~
;n9 any eqv;ty, lien o~ right ue~der o~ by virtue of thia mortpape; end in 1M evenf iaid MORTGAGORS iha~l fp any reaton fail to keep the said p?emisrs so
insured, w fail to deliver ptomptly ~ny of iaid polities of ins~~ance to said MORTGAGEE, or fail promptly to pay fully ~ny p~emium therefp ar in any
reipect fsil b p~rfwm, discharge, execute, eifect, complete, comp~y with and abide by this corenanl. or +nY Pa~~ hQ~eof, said MORTGAGEE maY p~+ce +"d
full smount
of ~ach ~and every such paymeM
~ihall ~ aiv~dN elyfdw
and~payabk ~nd shaUube+~~nterest from the datsvtrhereoffuntil pa'~1al~tha r~at~~ol
n~ne pe~ centum pa anr?um aed to9Nher wi+h s~ch interest shatl be srcured by the lien of this mwtgage.
1. To permh, commit or suffer no wssts, impairment or detcr'aration of said property or any p+rt thereof.
i. To pay sll snd sinpulsr tix costs. charges ~nd expenxs, including a reasonable ~ttorney i fee and costs of abstracls of title, incurred or paid at
any time by said MORTGAGEE, because w in the event of tM failure on the psrt of the taid MORTGAGOR ro dvly, promptly snd fully pe~form, diuha~ge.
execute, eltecf, completa, comply wfth and ~b:de by each and every the stipulatiau, agreeme~n, condi~ion~. +r+d covenann of said prom~sso?Y note and this
mongaye any a ei~her. and said cosb, chuges and expenses. each and every, shall b~ immediately due and payable: whether o~ ~ot there be ~~ot~cr da ,
mand. attempt to coiktt or wit pendingt and tM full amouM of each snd t~e?Y suth paymeM shatl besr ineerest from the date thereof until paid at the ;
~~te of nine per centum per annum; and all said tosts. cFarges and expeoses incurred w paid, togethet with such interest, shall be secured by the lien of thit
moct9a~e. j
b. That (a) in ths tvenl of any breach of this JNortgage o~ default on the part of the h10RTGAGOR, or (b) in the event any of ss~d svms of moneY
herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become dw and payable, without deinand w~+otice,
or (c) in the event each +nd eve?y ~he stipulations, agreemeMS, conditions and covenants of sa~d promissory note and th~s mortgsge any w either are no~
iuly, promptly and fu11y ~famed, d~scharged, executed, effected, compteted, complted with and ab~ded by, then in e~~her or any svch event the said ag :
y,~ya~~ t~~s F:~~..,css~ ~1,e.. .w.npining unnaid, with interest xuued. and all moneys setured Ixreby. ihall betome due and pay- .
able forthwith, w thereafter, at the option of said MORTGAGEE, u fully and completely as if ~II of the ssid wms ot money we~e w~g~~+iiy si~pvia~ed
ro be paed on such day, anyth~ng in sa~d promissory note or in this Mortgage to the cont~ary notwitha~anding; and tlureupon w ~hereafter at ths option of
sa~d MORTGAGEE, without notice o~ demand, suit at law or in equity, therefwe or thereafter begun, rt?aY be prosecuted as if sll moneys secvred hereby
had matvred pr~w to ~ts institWion.
7. Thst io the event that at the beginning oi or at any time pendirg any suit upon this Mortgage, or ro fweclose ir, or to refwm it, or to enfwce
payment of any claims hereunder, said MORTGAGEE shalt apply to the Cour~ having jurisdiuion thercof iw the appoi~tment of s Reteivcr, such Co~u1 sha~~
Forthwith appoint a receiver of said mortgaged {xoperty all and sing~lsr, includ~~g all and aingular the income, protits, issues and revenues 1~om whatever
source derived, esth ~nd every of which, it being express~y understood, is lxreby mortgaged as if specifitally set futh a~d described in the g~anti~g and
w~
habendum dauses hereof, and svch Receiver shatl have ~II the broad and eNective fvnct~ons aod Fw+er~ in anywise emrusted by s Co~?t to a Receiver, and
c~ch sppointment shall be made by such Co~~t as an admitted eqvity end a matter of absolute righ~ to said INC~RTGAGEE, and witlaut reference to the
adequscy or inadeqvaty of the value of the property matgaged or to the wtverx~r w insolvency of said MORiGAGOR w the defendants, and that such '
reNS, profin, income, iuues and revenues sha~i be applied by such Receiver accord~ng to the lien or eqvity. of said MORTGAGEE and the practice of such ~
Coutt. ~
8. To dvly, promptlY and fully perform, discharge, execute, eifect, complete, comply wifh and abide by each and every the stipulations, agreements, ~
conditans and covenann in wid promissory note and this mwtgsge set forth. ~
9. ihat i~ the event the ownership of tl+e mortgsged premises, a any part thereof, becomes ~?ested io a person other thsn ihe MORTGAGOR, the
MORTGAGEE, its succeuas snd ass~gns, may. w~+hour no~ice ro ~he MORTGAOR, deal with such successw a? succeuor ~~~Nest with refererxe to this
rr.ortgage and the debt hereby secured in the same manne~ as with Mortgagor without in a~y way vitiating or d~xhargiog 1F+e Mort9~gors' liability FKrr
under a upon the debt hereby secured. No sale of the premises hereby mortgaged a~d no forbearance on the pan of the MORTGAGEE w its successors ~
or assig~s and no eztension of the time fa the payment of the debt hereby setwed g~ven by the MORTGAGEE or its suctessors w auigns, shalf operate ~
ro releax, dischar~e, modify chan9e or affect the original li~b~lity of the AhORiGAGOR herein, either in whole or in part.
10. It is specifically agreed th~t time is of the essence of this contract and that no waive~ of any obligation hereund~t w of the obligsYan se- ~
c~red hereby shall at any time thereafttr be held to be s waiver of the terms hereoi or of the instrument iecured he~by.
11. In addition to the forego:ng monthly payments of princ~pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee w~th each monthly payment an addirio~al sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the tollow-
ing:
A-All real prppe~ty taxes levied er assessed against the above described real estate.
i B-Premiums on fire and windstorm insurance as herein reqv~red to be carried on the improvements situate on the above described premises.
~ C-Premiums on :uch mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
i Mortgagee shall from time to time norify mortgagor in writing of the amount due and payabk herevnder and such wm shal! thereupon be due and
j F.ayable on the due date of the next month?y payment and each successive month thereafter ur.til mortgagee shalt notify mortgago? of a change in such
( a~~.ount. Such sums sh.all be apptied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance
k p~emiums.
IN WITNESS WHEREOF, the w~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
Signed. Sealed and delivered in the presence of: i
$ean
v an
- ~ ~ ~a~
~aq
. ;
STATE OF fLORIDA . ~ i
~ i
couNrY oF St . LuCie
Before me persorwlly sppeared John F. Jester a?~d '
Aliee M. Jester h7s wife, to me well known and known to me to be
rhe individuafs dewibed in and who e uted the fw ng instrument, and acknowtedged before me that they executed the same for the purposes
~~,«e~~ ~xP.~a. ~a ~r~ A~~cQ M• ~ester
w~fe of the said .~Ohn F. Jester ' upon a srparate snd pr~vate
examinatwn by me take~ separate and apart from her said hwband, ack?wwledged to and before me lhat she executed said instrument freely and volun-
~arily a~d witho~t any compulsion, constraiN, apprehensiqp~or feu of or from her said hu~band.
WITNESS my hand and official seal this day of Ma A- 19 74
f~tE~ MG '~~CO~i3E0 ~ 1~
``t C4y~=Y /~A. ~ Notary Publ~c in and iw the~tate Florida ~t large
S ROGE4'~~'~~° My Commiu'ron expires: ,~.tt~lll111~ ~
Rerurn To: wp~~~T fi0UR1 ' ~~i.
CLE~X v: ~ _ . . ~ cif~''~y~~~~~nP~~.p '!i
First Federal Savings b loan Associati~~~F,vfci~~f4 ,'•t,~i~~`
Of fort Pierce. e ~A
M~ut tl 10 oe ,...,~,..o , _
Fort Pierce, Florida RM ~i CU~
~Yd • ~
_ ~ • t ~ ? L _
' ~ C•
' ~ ' ~ -
~ G ~i -
• % O : 2 • -
;
This I~strument Prepared By QiChard K. Kr~?yes ; ri`•,,, R. .<<,~
First Federal Savings d~ Loan Association ~y,; J•. ~~4 :
'!k~.. ~~STkt~ r
of Fort Pierce , Rlorida . . . . . . . . . . . . . . . . . . . . . , , •
Y~i~!~~i~~t~~ ~
Checked By ~ ~ ° STATE ~F FL(~ R 1 D~~.
QZ ~ DOCUMENTARI',~':~,~STt~MP iAx ~
e ~ Z~ OEPT. 4F REYENiIf 1ri"
~ ~E.:? ~ PAGE~~ N = e~. _ +urzr~4 s~ ` 4 5. 0 0 1 . .
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