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3. To piact ~~d continuously 1~eep on the bu~•d~ng~ now or hereaiter eitua~s on ~a~d Isnd t~d on stl equiWnent and personally covrred by thii mort~
ege, with all premiums ~hr.eon pa~d m f~ll, f~ra insuronce I~ the ~sual •tando~J potity fo~m, in a sum approved by ~he MORIGAGEE, and windstwm
i~suranc~ in the u~ual sundard pol.cy ia~m, in a aum spp~oved by ~he MORTGAGEE. in such company or tanpan~e~ a~ tht MORIGAGEE may
diretl; ~nd ~II fir~ snd windstorm insuronce po4cie~ on any of sa~d buitd~n9s, a~y inle~eat therein or part thereof, in Ihe aggrega~e sum afaesaid w
in excess Ihereof, she0 con~ain Ihe usual s~a~:dard morrgagee clause w such other d+~se as the Mwtgayee may requ~re, mdin9 the loss v~de~ a+~d poli~ ~
c~e~, e~th and eve~y, payab~e to sa~jd h10RTGAGEE as its imereit may appeer, a~x1 each and every svch poiicy fhall tx prompdy ais gned a~~d de~~vered ~o
eny heW by taid MORTGAGEE as fur~he~ aecu~ity to said morf~age debt, and, not !ru ~han ten (1~) days in advance ot the expi~anon o1 each policy, 1o dr -
t,~er to uid MORTGAGEE a renewel thereof, togethtr with a receipt for the premie,m of such renewal; and there shall be no lire o+ winds~or~n insur~nt~ ,i
placed on any of said buildingi, any in~ere:t there~n a pa~t thereof, un!ess in ~he form and w~~h the loas payable as aforesaid; and in the event any ium _ M
of r„oney becomQS payable under such poliq a Foi.cies ~a~d 1AORTGAGEE shail ha~e ~he op~an fo recaive and apply ~M same a+ account of the indebted .
ness secured F~treby w to permit aaid MQRTGAGOR$ to reteive and use it a any part thereof lor ot~c• pvr}.~ses, .•.itho„t Ih~r~e~ w~v~•~g or ~n,pair- :
~ng any equ~ty, lien or right under w by virtue of ?his mo:tgage; and in tF?e event sa~d MORTGAGORS shall fo~ any reason fail to keep the sa~d premises so
Inw~rd, w fail to deiivor promplly eny of ~aki po~+cies ol insurante to sa~d 1JlOR1GAGEE, or 4ai1 p:omptly to pay fully any pre~mum Iherefw or in a~y
resvect fail to perform, discharge, execute, elfed, comp~ete, comply wirh and ab+de by this cove~ant, or any pa~t heteol, said MGRTGAGEE may pl~ce snd
pa ~ Fw such insurante or any pa~t thereof without waiving or affec!iny any opuwi, IEen, equity, or right unde? or by virtue of this Mo~tgage, +nd the
t~;l amou~t uf each and every such paymrM shelt be ~mmediately due and paYab!e and shall bea~ interest irom 1F~a date thereof un~il paid at tFx raro ol '
~:~~e prr ceotum per annum and to~efner wiih au:h iroe+cst shaL' be sewrcd by the f~en of this mortgage.
To permit, commit ot suffer no waste, impairment or daterioration of aaid pr~perty or any par! the~eof.
5. To pay all and :ingular the costs, cha~ges and expe~~es, inc~uding a reasonable attorney's fee and costs of abstracts of title, incurred a pa~d s1
sny t~m~ by uid MOR1GAGfE, because or ~n ~he eveot of the ia~lure on 1he prrt of ~he seid MORTGAGOR lo duly, prompt~y and fu~ly perform, d~scharge.
=.ecute, effect, complNe, comply w~th and ab;da by each and every the s?ipuim~o~.s, agreements, co~ditions, and covenants oi said promissoq note and thif
,:orrgage any or e~~her, and sa:d co:ts, char9es and expenses, each and every, ehall be immed~ateTy dur and payabte; whether a not there bs no~~ce da _
rnand, attempt ro coi{ect or tuit pend~ng; and the full amount of each and every wch paymem th~lf bear imerest irom 1he date thereot uotil paid ~t the
of mne per czntum per annu:n; and all said ccsrs, cha~ges and ex;xnses :r.c~rrrd w pu~d, ~ogethrr wdh such in~erost, shali be secured by 1Ae lien of thii
inortgage.
6. That (a) in the event oi any breacfi of this Mwtga~e or defauit on tl~ pa~t of the MORTGAGOR, or (b) in the event any of said sums of money
~erein roierred to be not pranptly and fuily pa~d wiihm thlrty (30) days ne,~f a~rer the same severaily become due and payabte, without demartd w notite.
: r!c) in the evem each and every the stiputations, agreements, cond~tions and covenants of sa:d promissory ~ote a~d th~s rtiortgage any or either are nol
i~.,iy, promptly and fu~ly perfo~med, d.scharged, executed. e~fected, canp:eted, co~iipi~ed w~th and ab~ded 7y, tfier' i~ e~ther o~ any wch eveM the sald ag
;-c1ate sum mentioned in said prom~ssory note then remain~ng ur.Faid, with i:ire~e>t accrued, and ail moneys secured hereby, shall betome due and pay-
forihwith, w therea(~er, at the opt;on ~f sa~d 1.1~RTGAGEE, aa fu+ly and ~cc,rtip:r~ely as ii all of ?hr said svms of money were orginally it~pulated
b:~ pa~d on svch d~y, anything in sa.d pro•r~ssery note or in this hlortgag~ ro the corora•y notwithstanding; and thereupon w ihereaffer at the ophon o/ ;
s.~.d MORTGAGEE, witi~out nonce or demand, svit at law oi in equity, there4ore or therrafter begun, may be prasecuted as if all moneys setured hrteby
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n d metu~ed p~~or to rts irufitution.
7. That in the event that ae the begi~ning ef or at any t~me pendi~~g any su•t upon this Moregage, or to foreclose it, or to reform it, or to enforte
cent of any tfaims hereunder, said h~GRTGAGEF shali opply to the Court hav.cg ~~:~>d:ct~o? the~eof for the appomtment of s Receiver, auth Cou?t shall
.~.~~th appoim a recei•.e~ of sa[d mo~tgaged pro~~c•rty alt a~d s~ngu:ar, indud.ng a~i ar.d si,~utar ~he ir.come, prof~ta, issues and revenuea from whatever
~e derived, each ar.d every of w1~~ch, i! be~ny e„press!y unders+eod, is her_cy mertgagrd as if speciiically set forth and dasuibed in the gronting and
i_: endum c'auaes hereof, a~d such Rece~wer shal~ ha+e a11 ~he b~cad and effea~~e fucc~:e::s and powers i~ anyw~se entrusted by a Court to a Receiver, and
_,n apFointment shalt be made by such Ccu~t as an admined equ~ty and a ma!ter of .iLsol~te rlght to said MORTGAGEE, ~nd without reference to the
y„cy or inadequacy of the va'oe oi the prcperty mortgaged o~ to rf,e so.ver.cy or ~n>u~vency of said MORiGAGOR a the deFendants, and thal such
~s, profiu, ir.come, issues and revenues shalf be appiied by such Rece~ver accord.nh ~o the lien or equity of uid N10RTGAGEE and the prattite of such `
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Co:rt.
8. To duly, promptty and ful~y p>rform, d~scharge, execute, efiect, completF, compf~ with and abide by eath and every the stipulations, agreemeMS,
, d,t~cns and covenanrs m sa~d prom~ssor~ no+e and ih~s mcrtgage sut forth:
9, 7hat in the eve^t ehe owne~sh;p of th~ mort9aced prem~s~s. w a~ry part thereo(, Eecomes vested in a person ofher than the MORTGAGOR, 1he
:'K?~ AGEE, irs succes5crs and „ss.~~~s. may, .v~:he:,~ r.or.ce to th~• `:.Okiv%-OR, deal ~.~ih such successor or successw in imerest with reference to this
_:;ge ar•d che dcb~ h_•reby securzd in the Same manner as w~th :dortgegor w~tho~t ~n any way vitiating or d~scharg~ng Ihe /Aortgagors' liability hert
cr upon the debt he~ebq secu~eJ No saie o~ Ti:e prrmises hcreby ~nongaged and no forbee~ance on the part of the MORiGAGEE or its successors
-~is gns and no exteniion of rhe n:nP far thr payr*:ent of the deb' h~:et:y sec~red given by ~he MORTGAGEE or its wccessws ot ass~gns, shatl operate
- r_ •_ase, d,scfiarge, med[fy cha~~ge or a•'ed the o•~g~na~ liao,l~ty of_tha N.C~(GAC,OR herein, either in whoie or in part.
10. It is spec;ficalfy agreed ~}.at ~Ime is of the esse~ce of this comroc~ and that no waiver of any ob~igation hereunder or of the obligaYwn sr
._~ed h~reby shal; as any time the~ea+ter be held to be a waive~ of the !erms hereof or o( the instrument secured herby.
1!. In adc',tci to the forego.n,~ n,onth;y payrn_nts of pnncpa! and interest requ~re! by tne p•omissory no'e securzd hereb~, mortgagor tovenants :
:g~ees ro ;~ay to mor!grg~e v~.~!h .~ach mort?~:y :-,~y:,ent an add:~ional surn csr;«.steu by mongagee to be equat to 1/ 12 of tfie annual cost of ihe follow-
A-A!I lE3~ preperty saxes !ev~e~ or assessco egji•~st !he ahove desai~.;cd r_al ~state.
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B-P;~~n:.uo,s oo tire arsd w;r.cista~m ~r.sura~~.ce ~s hercn: requ.red to be carried cn the ~merov=me~t3 rtvafe oo th: abeve destribed premises.
~ C-Prem~~ms o~ wch mortg:~ge guar;n!y ics~,:a+ce zs mo•rgaoee shail 'rcn r~r,e ro t~;ne cieem fit ~o carry on the loan sec~red hereby.
k h•,ortgagee s^a:~ trom tcr,e to +:~~~e no;;fy mor.yagcr i~ wriUng of tne a::~o.:n! d:e and payable hereunder and such wm shall thereupon be due and
_ e on chr OJ2 cat~ of ine next mo~!h:, pa jme~~t and eech successive To~:th therea(t~r ur,til mortgagee shall notify mortgagw o4 a change in soch
g ~_n~. Such sums s~~a'! be applizd by mur!gag~e toxard the payment of real proper~y taxes, insurance prem:ums, and mortgage guaranty insuranc!
! . . .~~~:~ms.
~ IN Y~iTP~ESS '11HER~OF; the sa(d ll,ORTGAGOP, has fiereu:~to set his har.d and seal the day a ar first foresaid.
~ Signed, Sealed and de'ive~ed in the presence of: n_
t
~ ~~,~vl,atM _ o an . +n
(Seaq
'.7 ~Z'" C/ ~ (Seaq
_v o n
- - - -
,'~TE pF FIORIDA ~ 1 .
} SS.
;':TY Of _ St . 1_uci_e ~
~ Befere me penonally appeared Jack C. T'ohan e~
~ Eva K. Rohan his wife, to me well known and known to me to be
_ individuats described in and who executed the foregoing instrument, and acknowledged before me that they exetuted the same fw the purpoxs
~ ~~c•e~n eapressed. And the said- FVa K. ~ohan
~ of rhe sa~d _____~laCiC C_. ROh0i1 _ upon a sepa.ate and privat~
~ nation by me taken sepa:ate tnd apart from ber said husband, ack~owledged fo and before me that she executed uid instrument freely and volun-
~,r and w~thout arty compu:sion, constra~nt, apprehens~on, or fear of or from her said husband.
YIITNESS my hand and official seal ~h~s__ S~`~ day of_ June _ A. D. 1974
` Notar~y ublic n and for tle State of'Flor7da at~r~,,
" My Commisiwn expires: J~ '
t• d ~ ~j p'",
~ Retum To; ~ .1 V~
~ ~;rst Federal $avings 3 toan A.ssociat~on ~ ~ ` ~ ~
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Of Fort P erce. ~
~ Fort Pierce, F:orida p - ' =
~ ~ ~Ep AN~? ~~N~?,j~Ll?. ~ `J 1 }
~ uC?€; ~p;ta~6 : :
~FK C,~ • ~ ;
~ '~t04 ;~~tZ C~~pT , - .
~ This Instrument Prepared By Wm. J. ForbeS 44 ,FS~O.~~
~ First Federal Savings & Loan Association R[COp~ : •
of Fort Pierce ~ rlozicja 33450 C
~~y 3 5`PM'~~
~ W~ O .
~ Checked By A ~ ~t ~~~E~,~~
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