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3. To placo ~nd conr~nvoualy keep on the bu~td~ngs now ~ MreattH siW~~ on ta~ l~nd and oe all Rqviprn~nt and pbsonaNy cov~+td by thi~ rttotl¢ ~
ys, wi~h ~1) pnmiums thcrcon pa~d in fvtt. fire insuranct in ti+~ ~sual su~rd poiicy tc~m, in ~ iu.n app~oved by the MOR~GAGEE, and windstwm
~-~swanc~ in the vawl uandard pol~cy fam. i~ ~ wm approved by iw MORTGAGFE. in wch c«oPs~Y a cc^'P+^:ss ~s ~h~ MORT3AGEt ~++y
~'uect: and dl tue ~nd w~n.t~~.xm Mswu?t~ poli;ics on a++y of ~a~d b~,itd~.y~, ~~y in~:~~u ~ha~in w par~ ~he~aol, in ~M aggregv~ wm afwesa~d a
in eacsss thereof. ~hall .omain rt.s uswl ~tandud mor~gspe~ davs~ w such o~hs+ claus~ es ~M Ma~Q~ge~ n++Y ~equu~. n++~inp ~M tou unde+ sa~d po1~ •
ciss, each a~d ~very. p+Ya51~ to sa~d MORTGAGEE as ~ts iMNKt ~?Uy ~i11, and eacA uK! ~very tucA Po~~cy ahatl b~ ~romp~ly ass gned ~.d delivered ro
•~y hetd by said MORfGAGEE ~s (v:~her sicvr~h ~u s+id ^w'1Caye debt, and, not leu th~n ten (101 days i~ advance of ~M expGat~on of cach polit~/, to de-
Gve~ ro sa~d MOltiGAGEE a rcnewal thcreof. togethar with a rece;pt (o~ ~i~t pKnium of wth rsnewat; u+d ihers th+ll be no iae w wi~diro~m inwrance
pl~c~d on ~ny of saio buildings. ~ny in~e~~st there~n or ps~t tAerooi. unleu in ~M form ~nd with ~M tosi p~yabl~ u afassaids +~d in d+c event any ium
of mon~y be~omes payable under such policy a polK~es sa~d MORiGnGEE ~ha11 Mw :hs opno.? to receiro and ~pply the san.e on +ccoum of tl+~ indebted- r
rxu secu~ed harsby ot ro permit a.Ed MORTGAGORS ro reteivs and us~ it a any p~f thereof fo~ otM~ purposes. .~~~hour th:rrb~ wa~v~,.g o~ unp.:ir-
ing any equ~ty. lien a ri9ht under w b} virtw ot Ihis mo:tgagr. u+d ie ~M svcro sa~d NORTGAGORS slwli fa +ny reason fail ro keeP ~he said p+emisrs so
inswed, w fail ro delive~ promptly ~ny oF sa~d policies af insws~cs to ia~d INORiG/?GEE, w fa1! promptly to pay fulty any p.a»ium rhe~efor or in a~y
rsspM fail b paform, dixhargo, eaecute. ~ffed. camplete. wmp~y with u~d abidt by this covensnt, or any part hareof, said MORTGAGEE may place a~~d
paY fw such inswance or a~y part thereof w~~hout waivinn o? ~ffectirg any opt~oo, li~n, equ~ty, a~~ght unda? a by v~rtu~ of ~h~s Ma~age +~d the
full amounl of esch and er~ry such paymem sF?all bc im~nediately due and payabk and th+ll bea? imerest from efis date ~hereof un?il pa~d at the ra~e oi
nine pe~ CMtum pe~ amum and to~etMe~ wirh such iRre.esr slu?i ks: secwed by ~l~e lie~ of this morty+9e. ;
To pe~mit, commit w suffer no waste, Gnpairment w detariwation of said prope~ty o? anY P+~t 11?e~eof. S
5. To pay all and w+putu the costs. cFwyes u~d e:Penses, includ:rg a ~easor?sble ~nanev's fee a~d costs of abstracts of t~tte, incuned w pe~d s~ ~
er.y time by said MOkTGAGfE, becaux w i~ the eva+1 of ~he failure on the part oF ~M said MORTGAGOR a duly, promptly and fully perform, d~uhar94
exec~ts, ettect. complste, canply with snd ab:de by tad~ +nd every tAe stipulat~ons, agreements, conditions, and covenann of said p~onussory note and this
.r«~gage any o~ ei~he?. and sa~d cos~s. chuges and eapenses. each and every. ihall t» immediately dw and pay~ble; whe~he~ a no~ ~he.e bs no~~ce da
mand, attempt ro cdkct w wit pend~ng; u.d the f~ll amount of axh and every svch payment shall bea. inte:w+ f~om ehe date thereof until paid a1 ~he
ra~e of nlne per centum ~ uu~urn; a~x! aU s~id cosrs, charges and expenus incurred a paid. together w~th such intacest, sAall be secured by the lien oi this
mOtlg~e. . .
6. Tl+st (a) in the event of any breach ot thia Mortgye or defautt on the part of the MORTGAG~R, a(b) in the evant sny of sa~d sums of money :
nerein rafer~ed to be not promptty and fully paid within th;rty (~0) days next aft~x the ssn+e seva+lly become due +nd p+yable. wi~hoW dt+naod a norite.
or in the eve~t each and every ~he stipu~arions, ag~eemcnn, cond~siors and covenants of sa,d promluo+y note snd th~a mwtysge any a cither a.e na
iuly. p~ompNy and fully pe~formed. d~scl?~rqed, execurod. etfected, compk~ed, complled w~th a~d ab~ded bY. then in eahe~ or sny such event ~he sa+d ag
gregate wm menriwxd in said promissory note the~? remainirg vapa:d ~~h interesl xcrued, and all rt?~neys secured hereby, shall kxtwne due and pay-
eble fwthwith, OI 1F1liNF~N, at the op!~on of said MORiGAGEE, u fvlly and completely as ii ~II of the sa~d wms of eraney wtre aginally st~pula~ed
ro be pa~d on such da~, anything in sa:d p~ao~swry note a in fhis Mo.tgage to the conerary notwi~hsuoding: ~nd thereupon a thereafte~ at the oprion of
sa~d MORTGAGEE, withoW no~ice or demand, suit at law or in equity, ~F?erefwe Of fF1lfNifH begw4 m+y be Prosecu~ed as if all nwneys secured hr~eby
nad mstwed pnw lo ib institutiort. '
7. That in the event that at the beginning of o~ ~t ~ny tioe pe~?ding sny sv~t ~pon rhis Mo.tgage. a to foreclose it, or to ~efwm if, w to enfo~ce
payment of any daims he~evnder, said AhORTGAGEE shall appiy to the Coun having jurisd~cf~on thereof for the appo~ntment of a Receiver, such Court shall
forthwith appoint a receiver ef said mwfgaged poperty all and singular, inctud~ng all and si~gvlar the income, pro(its, iuues ar+d revenves from whatever
source derived, exh and every of ~vh;ch, it be:ng e:pressly unde~stood, is Fu~eby mw~gaged as if spec~fically set fath and described in the granring and
nabendum ctauses hereof, and such Receiver shall have aU the b.oad and effea~ve funct.ons and powen in anywiu entrusted by a Court to a Receiver, and
::.ch appointmrnt sSall be made by such Court as an admitted equity and a mattn of absolute rght to s+id MORTGAGEE, snd withoul reference to the
edeqvacy or inadequacY of ~Fx wlue of the p~ope~ty ma~gaged or to the w+vency w Snsdv~ncy of said AIIURiGAGOR a the defendar.ts, and ~hat such
renrs, prof~n, iocome, issves a~d revenues shaU be applied by s~ch Receivc~ iccoraing w the I~an or equity Qf s~id MORTGAGEE and the practKe of such
Court. '
8. To d~l/, promptly and fvlly perform, d~scharge, execute, effed, compkte, comply with and abide by each and every the stipulations, agreemeNS,
condit'ans and coveoants in sa~d promisaory note and th;s mortgage set forth.
9. Thal in the event the ownership of ~he mortgaged premlxs, or any part thereof, becomes vested in a person othe? than the MORTGAGOR, the
M.ORTGAGEE, its successo.s snd assgrx, m+y, without notice to the MORTGAOR, deat with such successor o? wccessor in inte~est with reference to this
mortgage and the debt hereby secured in the same ma+u+er as w~~h Nto-tgagw without in a~y way vit~ating a d~xharg~ng tix Mortgagors' IiabiGty herr
under a upon ~he drbt hereby secured. No ssle of the premiscs hereby mortgaged a~d no forbesrance on the part o! the MORiGAGEE or its successors
or assigns and no exte~sion of the t~me fw the payment of the debt hcreby secured given by ~he MORTGAGEE or its successors w:u~gro, ai»Il operate
~o rdease, d~sch~rge, modify charge w af(ect the wiginal I:abil~ty of the MORTGAGOR herein, either in whole o~ in pa~t-
10. It is specifKally agreed that time is oF the essence of th~s contrsd and ~hati no w+iver of any obligatan hereurxkr or of the obligation st
c~red hereby shall at any tirn~ thereafter be held to be a waiver o( the terms hereol or of the instrurn~ns secured herby_
11_ In add~io~ to the forego~ng n+onrhty payments of princ'pal and imerest requ~red by the pram~ssory no~e secured hereby, matgagar covenants
a~.d agrees to pay to mortgagce v~ith each momhiy payrnent an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ing: f
• A-AU real property taxes levied or assessed agae~st the above descritied mal estate.
B-Fremiums on fire and windstwm insu:ar.ce as htrein requ:red to be tar~icd on the improveme~ts sitwte on the above da:cribed premizes.
C-Premiums on such mortgag.~ guaranty insurance as mwtgagee sha:l fro~n t~me to time deem fit to carry on ~he loan secured he~eby.
Mortgagee sfia:l from t~me to time nosify mortgagor in writing of the amount due and psyable hereunder and such sum shall thereupon be dve and
~~yable on the due date of tF.e ne~s month:~ ;.aymem and eacfi successive mon?h thereafte~ ur.til mortgsgee shall :wtify moitgagw of a change in svch
zTount_ $uch sums shall be app!ird by mortgagee toward the payment of real p~operty ta:es, insurance prem:un:s, and mortgage guaranty insurance '
_ i
p~emiums_ ~
IN E55 WHER ss" IMO GAGOR ha: hereunto set his hand and seal the day~~ i(st aforesaid. ~~O
S' cd li red ' f presence of: /
y son ~
@r . ~an
_ Witnesses ~ ' an
.
tsraq
STATE OF FLORIDA ~
Sroward
ceur~n oF
Before me penonafly appeared ~ 1 t e r J. Wl l SOII a~
r'.~eraldine M Wilson his wife, to me welt known and known to me to be t
- ~he individwls dexribed in and who e:ecuted the fu instrument, and sc4nowledged before me that they executed the same fw ttx purposes i
therein ~x~.~d. nna r~ ~~a Geral~ine M. Wilson :
w~fe of tF~e said Walter W21SOI1 upon a sepsr~te snd priv~te
exam;nat;on by crr_ taken sepsrate and apart f~om 1?er ssid husband, +dcrwwledged 1o and before me tfiat she eaecuted said irotrument freely and volun-
rar~~y and wSthout any compulsion, constraint, spprehrns~on, or feu of a from her ~ id _ .
WlTNESS my hand and official seal this day of A. D. 19 74
~L~~*D ~ Notary P ''i and fw the State of Fforida at lsr~e
si-l~lE `rOW~'~'~ M Comen~ssan expires: ? ~ 7 f~
a«~.~ ro: it0~£+l FO?21tA= r L'-7 9, f
Clfltf~ CIRCWZ N~T
First Federsl Savings a loan Associat~on ~ECORO vf~ifsFO 11QiAR? ~UlI~C ST41E Of f10t~A AT !Al~R
Of Fort P.erce. ilY C~NIM?ISS~ON EXPIRES MAY 19, 197d ~ ;
1~~ ~ONDED TKRti GENE~AI INS~lRANCE ilNDE~yy~~~ ~ f
Fort P~erce. florida ~ ~ R~ ~ • L~,,' •I~'' > ~
~ ~f,ti:~_^4ii~f~~~ ;
2
- ~ - f2• - y " M : i
O ,a'' ' S7~ . 4 - i
This Instrument Prepared By Richatt~ K. Kayes f^'~: =C" '
~ ~ r: 1,r., a
First Federal Savings 8 Loan Association J~ ~`i' "
of Fort Fierce , Florida ''r`'~'°
J
~~2.~~~.~~'l'~v.:~--z~ .
~h~k~ B,, aeox 1 PAGf ~g~ ..:.~;~.,,~:,;4.L:..~.~,~,,=
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