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To ptace snd continuously keep on ihe bui'ciin9s now or herea(ta~ ~itwte on s+~d land a~d on ali equip~nent ~nd pc?wna11Y tovered by thit m~~~
ega, wi~h all premiums ~hereon pa:d in iull, fi~e in~uronce ~F~e ~i~ai atanda~d po~icy lo~m, in a ium approved by ii+e MOR~GAGEE, a~d windstwm
ini~raece in tM uiwt ~bndard potiq form, in •:um approved by th~ MORiGAGEE, in s~ch tompany or companies as tt+e MORTGAGEE may
d~roct; and all iire and w~ndtitorm iniuronce po~~uea on any ol aa~d build~~gs, ~oy inte~esl Iherein or par~ thr~eo(, in tM aggrepe~e aum ~tw~tiaid w r
in excess ~hercof, ~hall con~rin the usual s~ar.dard rt,ongagee c~aua~ a such o~her t~ause as Ihe Mor~9a9ee may reQu«~, mal,~n~ the lo~a undN sa:d poli~ ~_i
c~e~, each ~nd every, paya6?e to said hIORTGAGEE as ~ts in~erest may sppear, and each ond eve~y auch pa~~cy shall 1~ promp~lY ess g~~ed and de~~~ered to ~
any hetd by sald A10RIGAGEE aa (ur~her secv~i~Y to said mo~tgage debt. and. not kss than ten t10? days in ad.ance of ihe exp~ra~~on oi each policy. ~o dr ~
I~~er !o said MORTGAGEE a renewal thereof, toge~her with a rece:pt for t~e p~~mi~m oi such re~xwal; and t~e~e shall be no fi~e o~ windstorm inturanc~
p!aced on any of said b;iildings, any inlerest there~n or parf thereof, un;e~s i~ ihe for„~ and with fhe ~c:s payab~e as aiwesa~d; and in the event any sum .
of monay becomes payaCle under iuch policy w policies said MORTGAGEE ahall have ihe oprton to receive and ap~.ly tM s+me on acco:,nt of the indebted-
nrss secured hcreby or ?o permit said MORTCiAGORS fo receive and use it or any ~•.~rf the,rol to~ oti:v. pu~F~osr:, •..~tno~~ ~h~n:~i wai~~ ~3 c+ ~mpai~-
ing any equ~ty. lien w right unde~ or by viraue of Ihis mo::yage; and in Ihe even+ sa~d MORTGAGORS shall for any ?eason tail to keep the seid p~emisrs so ~ f~
inwred, or Isil ro deG~cr promptly any of said polkies of insuranCe to sai~J MORIGAGEE, o~ fa%! promplly t0 p+y lully any premevm theralor or io any '
rrsF:ecf fail to pe~fwm, d;scharge, execute. eifect, compie~e, co:np~y wi~h and abtde by th~s cov~nan~, o+ any part hareof, said MORTGAGfE may place a~+d 1~
fpr such insurance or any part the~ec+f wi~hout waiving or aftecting any opt~on, lisn, equ~ty, ar r~~M under a b~l virfue of this Mortgage, and tht `
t~:t aneount of each and e~'ery such payment shall Le immed~ate~y d~e and payable and shatl bear interesl from the dato thc~eof until pa~d at the rate ol
~•:~~e per cenrum per ennum ar.d tog,•tt~r~ with such i~~r~~~•sr shaL ue secured by the Iien of this mortgagr.
4. To permit, tommit o~ suifer no wasle, impairment or dMericra6on of said pro{xrty w ~ny parl Iheroof.
5. To pay all and singular the costs, charges and eape~sas, +nclud~ng a reasonabie attomey's Fre and cosls of abstratts o~ fitle, incurred o~ paid at
~ny t~me by sa~d NORTGAGEE, because w in the event of tbe fa~iure on Ihe part of ihe safd MORTuAGOR to duty, pwmptly and fulty perform, dnchar9e:
-.e.uta, eifect, ca~nplere, comply with and eb:de by each ar.d evuy the stipulatrons, agreeme~rs, condit~ons, aod covenanrs of said promissory note and ~his
.~.or~gaga any or e~~her, and sa~d costs, chargea and expenses, ea:h and every, sfiaN be irc.med~ately due and payable; whether w not there be ~+o~~ce da
n~and, atrempt !o collett or suit pe~d~nq; and the tult amount of exh and every such paymrnt shall txa~ iMcresl from the date thereo} until paid at the
e~ n~ne pe~ cant~m per annu:»; arid a:: se+d costs, charges and «prmes ~ncurred or paid, together ~vAh such interest, shall !x seeured by the lieo of this
mortgage.
6. Tha1 (a? in the e+e~? of any breach of th+s Ma+tgage or default on tl,e part of the h10RTGAG'JR, or (b) in the event sny oi sa~d sums of money
herein referred to be no~ promptly a~d fu11v pa~d .vithin th~rty (301 days next a~tcr ihe saaie severally becume due and payable, wilhout demand o? notice.
or :c) in thr event each and every the stipulntia~u, agreements, coodrtiau and covenants ot sa.d promisaory note arxl th~a rt!ortgage any or eithet are nol
i.:ir. promptly and fulty ~e~formed, d•sctnarg~,d, eaewted, effected, comp:etc~l. ce~nNi:ed w~~h and at~Jed :y, then in ei~her a any such event the sald ag-
y~~33t2 sum m~ntioned in za~d p-amissory rwte ihen renwin~:~g orpa~d, with intrre>t acccued, and a1! mo~eys secured hereby, shall become due and pay-
lorth vith, or ~hereafter, at the op~:on of n:d MORTGAGEE, as fui'y and cemp'e~riy as if ail of thr sa~d sums of money •were wginally sl~pulated
t,_ pa,d on such dsy. anything in sa.d pro:n.ssory nete or in ~his Morrgage to the cont:ary rtotw~thstand~ng; and thereupon or thereafter at the option oi
s~ ci •Y,ORTGAGEE, w~:ho~~t nor~ce o• den,and, suit at !aw or in equ~ty, thereEere or thzrcaiter beg~n, may be proxcuted as if all moners secured hereby
r~_i ~nat~fed pr~0s 10 i1S inSlitvl+On.
7_ ?hat in the even• th3t at the beq<«n"~~g of or et any ti~ne pending anY su:t upon th;s Mo:tgage, o~ to foreclose it, or to leform it, or to enforce
,:.n,e,~t of any cia(~r.~ ~rereunder, s~~~ h~~l)R1GNV~:L 5'1di: nEiph~ to ~ne Court hav~~:g ~~r~sJcT:un thereof for the appoin~ment of a 12Eceiver, s~ch Courf shall
.1„n appo:nt a rece~•:er of sa'.d mo.tgagrd pro:-~:~!y a:1 a.~d s~>>g~~a~, ~r.civ:3•ng ~:i ar,d s~~~u:ar It~e income, p+o~ds, iuues and rg venues fro~i whatever
s:.e ~fcr~ved, each ar.d every uf wh'•ch, be~ny e~rrrss`; ~nd~rs:ood, ~s !^ereu~ r.;crtgagCCl as ~f speufi.aily sel (orth and deseriEed in the granting and
_~~~dvm c:a~ses hzreof, and wch Receivtr shalt havr ait t~n b~cad and rfiec*~+e iu: u a:~s ~nd powers in anyw~se entrusted by a Cou~t to a Reteiver, and
s J_!: ~ppoin~ment shafl bc made by ~vch Court as an od•n,ttrd ~qvity ar.d a n:~trar t:f abso~v+a right to said MORTGAGEE, u~d wi+houf reference to tlx
y,ecy or inadaquacy of the va~ue of th.e property mortgaged or ?o thr so:v,ncv or :.^.so:•:ency of said MORTGAGOR or the defendants, and that auth
+z, profrts, income, issues ana rever.ues shai: be app~~ed by soch Rece~ver accurd~~,g io the ~ien or equiry of iaid MORTGAG~EE artd the practice of such
~ J.'1.
8_ To d~ly, prcmptiy and fu'~y perfom~, d~scharge, execute, effect, compie!e, ccmpiy with and abide by each and every the stipufations, agreements,
;irtions and covenants in sa:d promissory note and this mo:tgage set fwth.
9_ Tnat in the event the ovrnersh:p of tne mortyagrd prem:ses, or any pa~t thereof, beca:~es vesied in a person other than the MORTGAGOR, the
'^aiGAGEE, iu svecessers and as<:~ns, may, w~~hovr notice to the tl.ORTGA04, deal w~th such successw ar successor in interest with reference to lhis -
•.~•;a~e ar•d ~hc deo: here6y secueed in rhe same r.~a::ncr as w~th /dort~agor w~rhout in any way vit~ating or d~uF.arging the Mongagors' liability he~e~
, c~r or uFro~ the d::5~ herec» secured ~1o sa~e of t~_e Fremises hereb~/ mortgaged and no forbearance on ~he part of the /hORTGAGEE w its sutcessors
<~es~gns and ro extens:o~ of the t;me for rhe payrrenr of the debt hereby secured given by Ihe MORTGAGfE or its successors w assigns, ahall operate
..e ~~ase, d.scharge, mod,fy change or atiecr t:~e eriymai Iiab:~~ty of the M.ORTGAGOR 1~erein, either in whole or in part.
10. It is spet"ficaidy ag.eed that t~ma is ot tF esse:xe af this cantract and that no waivet of any obGgat~on hereunder w of tfie obligaYron se-
,,;r~~d Fk.reby sha:~ as any Y:~:e thareaiter be t:e:d to be afa~~cr cf the `erms hereot or of the instrumeM sec~red herby_
! 1. In _~J t:c.-~ 'a t4:e ior;ye :a ~:~0~'1:`., u_r^~°n!s o( prr,c ra! and interes! requurd by the p•omissory no!a secured hereb~/, mortgagor covenan~s
. ri 3~ree5 SO Pdy to n:or:ga^yee ~ni~h esch t,~cr••h`ti• ;ay: :er.t en ~3
~~~cnal wm ese!~~~ar_d by mortgagee to be equai to 1,`12 of the annua! cast of ihe follow- -
A-All rea~ prop!~rty tax -s ~evied or assessrJ aga~•~st th~ above desc~~'~d reai estate.
B-.Pr~rr.::,:-~s o~ f~re and r.•::~dstorin msur~cce as i~~•-~•:n requ:red to be carri~d o: th? ~m,:rov~me~ts s~!uate on the above dasvibed premises. :
C-Pr?mivms on sw_h r*;crtg:ge gcarar.ty ~esurar.ce as mcrtyagee shali frcm ~~me t~ time deem fit to tarry on ~he loan setured hereby. -
?Aortgagee s4~; s[rom rf:ne to !i•hc r.o•:(~ mor!g~~cr ~n wr;t~ng of ~he a.r.o::~,t d.,c and pnyable hereundcr and such sum shatl thcieupon be due and
i ,~~!e on the due date oF tn~ n~•xt :;or'h:y ;:ayn~e ~t e:id each successive rr.a~+%~ thereaftar until mortg~ee shall notSfy mortgagor of a change in such
i n. Such sums sF.ail Le app:iad by morga3~e tor:ard thc paym~nt of real pro~ierty taxes, insura:sce prem:ums, and mortgage guaranty insurance
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~ f!J Y11iNE55 VdNfRidF, the sa~ th0 'i+GQe2 nas hereu:~to set his hand and seai the day a ear first sfweuid.
~ ~y aled i red in t pres e of: J`~ ~
C : " Seaq
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W~1y~ ~ ~ Sea~
Su an S K s~aq
OF fIORIDA
S5.
~~,Tr oF St. I.ucie i -
David P. Kell~r .~a '
~ Before me personaliy appeared I
~ $13Sa1'1 S.__ Kelly h~: W;f~, to me well known and known lo me to be • i
~ ~-;,~d~v~duals desuibeed in and •ahu executed the foregoing i~strument, and acknowledged before me that they executed the same tw the purposes _
Suaan S. Kel~ly ~
~ • ~~n exp~essed. And the sald_.-_--- - :
of the :a~d - Qav d P' K$11V - vpon s sepa•ate and p~~vate S
~at:on by me 1)RC~I separate and apart from her sa~d husband, acknowledged to and before me that sfie executed said instrument freely and volvo- ~
~ and w:fhout any compulsion, constraim, apprehens~o++, or fear of or from her uid husband. ?
1 G/V' y .TNt1@ ~ A. D. 19~4 ~
YJITNE55 my hand and offiuat seal th~s_ da of ~
~ `J .
~k Notary Public in and for the e of Fbrids af Large
~ My Commission expires: ' 1
Retum To: ' ~ 1 • `
~ ~ ~
~ r":rst Federal Savi^gs d. Loan Asso.~at,on . _
~ :ilf1~ -
? OF io.t P erce ~t v l~~~~~
~ :'O!1 Pie;.e, ~iU.:~3 FI~LV ~K~ p~~iVR~EO \ r •.~,v~~/'~~/ • ~ ,
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~ RiCQoC yc:~ =tf~....r..~~ ' _ ~ ~
q This Instrument Prepared By J. H. Robeits Jr. : ;
3 First Federal Savings 8~ Loan Association ' p~'; ~7?
of Fort Pierce, Flozida 33450 .~1 Z~ 4 41 PM v 1'"::
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