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3. To plac~ and coniinuou~~Y keep a'~ the bui:d[nga ncw on c~reaher s;tuats on sa~d land and on sl{ cquipment and perwnally covered by this ~+ortp-
e9e, w~th all premi~ms thereon pa~d i~ full, f~re insurance i~ ~h~ usual standard po~~cY form, in a sum •pprov~d by 1ha MOR~GAGEE, a~d w~ndsto~m
ns~r~nce in Ihe usual t+andard pol:cy form, in a sum approved by ~he 1J10RTGAGEE, in iuch tompany w tomp+n~es as tht MORTGAGEE may
d~rccr, u+d all (ire and w~ndsto~m insv~ance policies on any of sa~d build~ngs, s~y intereet therein a par~ thereof, in the +g9~eg~te sum aiw~s~id o~
in exceu Ihereof, shall contain ~he utual sta+,darJ mortgagae c~ause w wch other clauss ss tM Mortgagee may requ:r~, m~kinp Ih~ loss v~+dN •a~d pol-
c~es, each and every, payab!e to ~a~d h~ORTGAGEE as ~ts interest may appear, and each and eve~y such pol~cy ~h~ll be prompllY ass.yned and delivered to .
any held by ssfd MORTGAGEE as turther sccurity to uid mo~~gage debt, and, not less than ten (10) days in sdvance of ~h~ e+epirit~on o1 each po1Ky, to da
I~ver to said MORTGAGEE a rencwal thereof, toye~hcr wifh a receipt for the premium of such ~enewal; and there shsll bs no f~re or winds~orm ir+turanc~ `
placrd on ~ny of said b~ildings, aoy interest theroin ot ps~? therrof, unlesa in ~he ~orm and with 1M Iost payable ss aforesa~d; and in tFx evenl ~nY sum `
oE money becoR+es payabte unde~ such pol~cy w po~~cies said MORTGAGEE shall have ~M opt~a+ ~o recrve and apply 1M same on +eca+~t of the indebled~ ~
neas secured hereby w~o permit ss~d MORiGAGORS te receive snd use it or any psrt ~he:eol ior o~he~ purposes, w~tho~1 ~hercbr waivin~ cr ~mpair- i
~~g any sqv~ty, I~en or ~ight ur~der « by virwe of this mo:egage; and in the eve~t ta~d MORTGAGORS shall for any reawn fail to keep 1he s+id prem~~e~ w
~na~red, or fail to deliver ~om tl an of sa~d I~cies of insurance to said MORTGAGEE, w(a~~ p~omptly to pay fully any prem~um Iherefp~ or in a~y t
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P1.a.a+._ exec~te_ effectpcoma~ete. comP~y wi~h and abide by th3s covenaN, w sny parl hereoi, said MORTvAGEE may piacc and
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pa~ fp s~ch insurance o~ any parf thereof withoul weiving w affacting any opuo~, uen, equay, or ngin u~wr~ w uy .~~:..o
fv1! amount of each and every s~ch payment shall be immedieteiy dve and payable and shall 4xar interesl from ths date lhereoE~vMi1 paid at the raH of ~
n~ ~e per centum per annutT and togs~her wnh wth inta.esr si+ai~ tx s~cured by the :~en of th~s mwtgage. (
4. To permif, tommit or suffer no was~e, impairment or deteriororion of said property w dny part theraof. •
S. To pay all and singula the costs, charges and ezExnses, includ~ng a reaso~sble attaney's fea and cos4 of ~bstracta of title, incurr~d w p+id ~t
any rime by sa~d MORiGAGEE, becavae a in the event of the failu~e on the part of ~ha :aid MORTGAGOR Io duly, promptlY snd tut1Y Perfwm, d+schsrq~,
~xecvte, eflect, complete, comp~y w~th and ab:Je by each and every the slipu~atrons, ag~eeinents, conditions, ~nd co~re~ants of iaid p~omissory note and ~his
~,or~gage any w e~~her, and sa+d costs, cha~9es and expenses, each and every, shalt kr_ immediatety due and payable; whethe~ or not thera be no?ice d~
r:and, at~empt to collea ot suit pend~ng; and the full amounf of each and every such paymem shal! bes~ intc~est from ~h~ dat~ thereof un?il paid at tht
oi nine per cantum per an~w:n; and ad said costs, charges and eaµansas iocurred or pa~d, together w~lh suth interest, ~hall bt se:.ured by the lien of Ihq
mo ~ ~ge9@. "
b. Tha1 (a) in ihe event of any breach of this Mortgage or defaull on the part of tFu MORTGAGOR, or (b) ~n ~he event ~ny o~ u~d svms of money
h>rein refe~red to bc not promptly and fuliy pa~d wifhin Ihirty (30) deye nea~ atter the same severally becane due and P+Y~b~e. r+~~hout de^?~^d w notice,
c~ (c) in the eveM each and rvery the stiputat~ons, egreements, cond~vions and covenants of sa:d promiuory no1~ and this morfgage any w either +re no1
;u:y, promptly and fuliy pErfo~med, d~scha~ged, exzcwed, elfected, comple?ed, canpiied v:~th and abided 5y, then in eithe? or any suth evtot Ihe said eg
~r: ga!e s~m rrKntioned in said prom+sswy note then remaining u~paid, wah interest accrurd, and alt moneys xcured hereby, sh~tl become due and pay~ ,
1~~2 forthwith, a thereafte~, at the option of se~d MORTGAGEE, as fully and comp:efely as if a~l of the sa~~ sums of money wrre orginally flipulated i
ro be pa:d on such day, a~yth:ng in sa:d prom~sswy note or in thh Mortgage to the co~trary notwitMtanding; and thereupon or thereaiter at the opt~oo of ~
~4!?q.C G~E, rye:hout no!~ce er demancl, su~t at law or in vitv, therefore or tF~ereafter begun, may be prostcuted as if all moneys secured hereby
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,..:d matured pnor to ~ts i~stitution.
7, That in the event that at the beginning of or at any ti~r.e pend+r~g any su~t upon this Mortgage, or to fo?eclose if, a to refo?m il, or to enforce
F~vrr,en~ of any cla~ms hereunder, said MORTGAG~E shall epply to ~he Court havmg ;ur~sd:c~~on tfiereof tor the appo~romeat of a Receiver, such Court shall
t, ~~hwi~h appoiro e receiver of ~a~d mo~tga~ed property all ans! singuiar, inc'.ud+ny ~II a~d singular the ~~come, p?o1ds, iuues snd revenues hom whatevtt
t-:rce derived, each ar.d every of wh~ch, ~t treing express~y under:tood, is f~erebr mortgaged as if speNfically set fwth and described in the 9ranting and ;
h:~;endum dauses hereof, ar.d wch Recerver shall have a~l the btoad and effec!~ve f~rct:ons and powas in anywise rtrusted by a Court to s Reteivtr, and $
s_ _i, appoinrneN shall be made by such Court es an adm~tted equity and a matter of absolute rigM to said MORTGAGEE, and without reference to the
:_.y~aq or inadequacy of the va:ve of the proper~y mortgaged or to rhe aavency er ~nsolvency o( said MOR(GAGOR or the defendanb, and that such
r.,-,rs, profits, income, iuues and revenues shall be appiied by such Receirer rc.ord~~~g to the lien W equity of aaid MORTGAGEE and the practite of such
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8. Te duly, promptiy and ful~y perform, dischargt, execute, effect, complete, co~~ply with and abide by each and evtry the stipulatians, agreemenri,
d:!ions and covenants in sa~d promissay no:e ar.d this mortgage set forth.
9. That in the event the ownership of the mo.tgaged pre,^iises, or a~y part thereof, becomes vtsted in a pason other thsn the MORTGAGOR, the
RTGAGEE, its wccessors and assi~ns, may, w~+hout noT.:e ro the :'~ORTGAO~, deal w~fh such sutceuw or successor in inte~est with refererxe to this
o•~gage and the deb~ hereby secured in the same manner as w~~h Mortgagor w~tho~t in any way vitiatiru~ w discharging the Mortga~ors' Gability FKra
'~-r a upor+ tne dzbt nereby securcd. No sa!e of ~t~e prem~s~s hu~eby mortgaged and no forbearance on 1he part o( the MdRTGAGEE w its suttessors
~ss:gns and no extension of the time to+ the payment of tr.e debt herety sec~red given by the MORTGAGEE or its suctessors ar auigns, ahall operale t
re ease, d~scharge, modify change or afiect the o+ig~nal liau~7lty of ihe MORTGAGOR here:n, either in whok w in part.
10. It is speufically agreed tAat Gme is of ths essence of this contrau and that no waiver of any obligation hereunck~ w of fhe obligaYan se-
-,;red hereby shali at any time thereafter be heW to be a waircr of thc terms hereoi w of the inatrument setured herby.
I l. In acid•rio~ to the forege ng mo.~th!y payments o: p•~-~c pat and intr:est required by the 'prarissory nore secured hereby, mortgagor eovMants
~ d agrees ro pay to mu:tyagee ~ni~h each i:~un:hfy ;~ay~ne~:t an addr(ona! sum es!~:nared by mwtgagee to be equat to 1; 12 of the annual cost of the follow-
A-AII rea) pfoperty taxas lev:ed or assesscd agai~s! the a~ove desc+ibed real estate.
B-Fie:n~ums o~ fire and w~ndstorm ~nwrzr.ce as Fxre~n rrqv:red to be carr~ed or the improvements situate o~ tMe above described premises.
C-Premiums o~ such mortgage ~uaranty ir.surance as mortgaaee shail from I:me ro time deem fi1 to carry oo the loan setured hereby.
t M.ortgagee shaii from t~me to time no~if~ mortgagcr in vvr~ting of the a^oo~t due and payable hereunder and such sum shall ihereupon be due and
E ,'o'e on the due date of ~he rtexi month:y p3ymeni and eac+~ successive T~or,th tfiereaiter ur,til mortgagee shall nolify mortgagot of a change in suth
~ =-.:nt. Such wm: sFall be appi~ed by m~rtyagee toward the payment of rea! p.operty taxes, insurance prem;ums, a~d mortgage gua~anfy insorance
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IN WITNESS h'H:REOf, the sa~d MORiGAGOk has here~r~to ses his hand a~d seal the day and sr first aforesaid.
Signed, Sealed end deliver in the presence of: , ~ _ ~
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~ - i.ambros akalakis ,q
~ rs~a0
~ Ste21a Vakalakis r~,p
~ ":•Tc OF FLORIDA 1 ~
St. Lucie r ~
; '.;;vTY OF - ~ -
Befwe ~~.~~~r aaa~~•~d Lambros Vale?~akis
$tQlla Vakalakis his wife, to me well kraw~ and known to me to bs
c~nd~v~dua~s described in and who eaecu~ed the foregoing ins~rume~t, and acknowledged befwe me that they executed the same for the purposes
e•~:n expressed. And 1he said Stella Vakalakis •
of ~he ~~d La.mbros ~I~Ca1~C~ s upon a ups.ate and pirv~
e ~
.-m~nat~on by me taken separate a~d apart from her wid husband, ackrwwledged to and befwe me that she executed said instrumeM freely and volun-
~ ~:.y and witho~~ any compu~sion, constraint, appre~
e~n
°n, w fear of o~ from her said husband.
oVr'~. _ da `Tul A. D. 19~
`XITNE55 my har.d and official seal this-. y of
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Notary Public in and for the St of Florid t luge
~ My Commiuion expires:
~ Ret~rn To: ~j~~~ •
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~ =irst federal Savings 3 Loa~ Associat~on -`j ~
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Of fort P~e:ce. ~tECO~10EQ ~~'~~,~/111~,,,,,~~.~ii~,,.
Fort Piercc. Ffo•~da ~ ~E~~.ix.~~UMtY f~^. :
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c~EA J~ ;i; :to ~ _ ~ Q~ . a : . ;
~ This Instrument Prepared By J. H. Roberts Jr.RE~~~Pn ~ ' : ` o "i : ° = '
First Federal Savings & loan Association 5 5 aH - l: O d~
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of Fort Pierce, FloYida J~l Z 'O 1 '
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chP~k~a sy - ,,~?~,r 4 ~p>Ya~E
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~ BOOK ~O PA~t ~OU
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