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3. To plac~ and continuously ksep on th~ build~nga now or he~eafet~ utuate on ssid lend and on ~il equ~prnent ar+d p~rsa+ally covtred by this mort¢
+g~, with all p~emivmi ~hereon Pa~d in tull, fi~e ins~r~nce ~n the us~at sundard polity fwm, in • tium approv~d by tM MORTGAGEE, u+d w~nds~wm j~
insurs~c~ in ths usual standard po~~cy 1wm, i~ a sum spproved by the 1NORIGAGEE, in tuch company w taopu?ies as 1M MORTGAGEE may
d~recti ~nd sU fers +nd w~ndsto~m insurar+ce polic+ei on any of sa~d bvild~ngs. +nY.~nteroal therein or part thereof, iei ?M agy~epaq wm ~fw~said or
i~ ~xceu Ihareof, shall contain the wual standard morrgagee dsvs~ a tuch mher clauss p the Mortqagee may ~equir~, e~ukinp tM iws w+~a f~~d poli~
ciei, each and every, p~yable b w~d. MJRTGAGEE e~ its ~~~ereif may appaar, and each and eve~y such poiicy shaU be prornpt~) +~s y~ed ~^d d~~rvQ~~d ~a
~ny held by said MORiGAGEE as fur~her security to ssid o~o+~gaga debt,.and, not ~eu ~han ten (10) days in advaru~ oi the •apiration of each policy, M df i
live~ to wid MORTGAGEE ~ renewal thertof, Iogetha with a rae~pt fw Ihe premium o) svth renewaf; and there sh~ll be no fk~ or windstorm ii+s~ru+t~ .
placad on any of s~id buildings, any interest therein w part thereof, unless ir. the form and with ~he loss payable as aforesaidj ~nd in tM evsM +ny sum "4
of nwney becomet payaWe unde? such policy w policies said MORTGAGfE ahall have tM option to ~eceiva and apply ths sam~ on suw+nt of tM Indebted y•;
ness setured hereby o? to parmit uid MORTGACaORS to receive and uas it or any part thereof for other purposes, w~~hout thrreby waiving ot ~~npair- T
infl any equ~ty, lien w right under w by virtue of thii mortgsge; and ?n the evem sa~d MOitTGAGORS shall fa sny ~eaton fail to ketp the said pttmises so
insured, w fail to deliver promptly any of said polKiea o! insurance to ss~d MORiGAGfE, w fail promptly fo pay fully ~ny premium theretor p tn a~y
resped fail to perforrn, distharge, execute, effect, tomplete, tomply with end a5~d.: by this tovenan~, a any Fart hsreof, taid MORTGAGEE may placs and
oay fw~such insurance or sny parl ?hercwf witAout waiving w aff~zcting ~ny op~~on, lien, equny, or right under or by vi~tue of this Mortgaye, and the
fv'i amount of each and every s~ch payment shaft be immediately dve and peyable and shall besr interes~ from the date thereof u~til paid at tM rate ol
mne per centum per e~~vm arxl together with sucl~ intereat shail be secu+ed by the lien of this mortgage.
1. To p~rmit, com.mit or suffer no waste, impairment or detarioratian of said prcperty a any part thereof:
5. To pay all ~nd singvlu ths costs, charges and expe+~sas, includ~ng a reasorwbk attorn~y i fee snd costs of ~bstr~tts of titk, iruwred or p+id ~t
any tim~ by said MORTGAGfE, becavx w in the event of the fa~iure oo thr part of Ux said MORTGAGOR to duly, promptly and fully pe~form, discharge,
execute, efiect, complNe, comply w~th and ab~de by each and every tha stipulat~ons, agreamer!s, cond'+tions, and cove~nts of sa~d promiasory note and this
,wrtgaga a~y or e~ther, and sald costs, cMr9es ard expenses, exh and every, sha~l be iRimrdiately due and psyable; whether a not there be notice ds
mand, attempt to tollett or suit pending; and the full amount of each snd every such paymeM shall bear interest from tM date tMreof until paid H tht
r.ne of n~ne per cemum ~ar annum; and alt said coats, cha:ges and expenses ~ncwred or paid, together with such intErast, shall be secvred by the lien o( thit
mortgags.
6. That (s) in the avent of any breach of this Mortgage o? defavlt on the part of ~he AItORTGAGUR, or (b) in the event a~y of s~id sumt of money
herein refarred ro be nof promptly and ~ully pait! wiffiin thirty (30; days next afr?r the same ure~a!ty become th~e and payabte, without demand a ~otice,
or (d i~ the event each and e+ery ~he sriputstions, agreements. co~:dltions a~d covenants of sa~d promiswry nate and th~s matgage any o~ either ar~ no1 .
iu:y, promptly and fully perfwmed, d:sc?wrged. e,cecvted, tifected, canplcted, compi~ed viith and abided yy, then ir+ e~ther w any iuch eveM the said a¢
gregate sum mentioned in said prortiisswy ~te then remai~ing unpaid; with ~mere,t acc:ued, and a~l rnoneys setured ht~eby, shall become dw and pay-
abte fwthwith, w thereafter, at the opteon of said MORTGAGEE, as fu+ty and canpleteiy as if a~l of 1he said sums of moaey were wigimlly slipulated
~o be pa~~i on such day, anything in sa:d prcm~ssorY note or in this Mortgaye te the cen~rary notwithstsnding; and tk~ereupon or thereafter at tM opGOn of
sald MORT6AGEE, wirhout not~ce or demand, s~it at law o~. in equity, there~o~e or thereaher begun, may be prosecvted as if all moneys secur~d iroroby
n: d maNted pr~p to ~is inst+tution.
7. lhat in thc event that at the beg+nn~ng of or at any time pending any w~t upun this Mortgage, a to forectose it, o? to rofam it, or to enfwce
GaymeM of any claims hereunder, said MORTGAGEE shall apply to the Court having ~u:nd:csion therrof for the sppoiotmem of ~ Recrivet, wth Coust shall
F:;-thwilh appoint a receiver of sa~d mortgaged propc:rty ait a.~d singvla?, ~~ic{ud:ng aii aed sin~uiar tht income, profits, iuws and revenves irom whatever
so~•cr derived, each and every of wh~ch, it be~ng expressly undentood, is hereby mortgaged as ii ipec+fically set fath and dew~bad in the g+snting and
l,ebendum clavses"hereof, and such Receivrr shatf have al! the broad and efEecrive func:~ons and powers in aoywise eMrutted by ~ Court to a Receiver, and
s__h appointment shaH be made by such Ceurt as an admisted equity and a mas~~r of ahso+ute right to iaid MORTGAGEE. and withouf rsfersnce to the
a~'zyvacy or inadequacy of the value o! the property mortgaged o~ to the so~v~•~xy ar ;nsol+ency of said MORTGAGOR w the deferxlantf, and that wcb
rc~~s, profits, incortre, issues and revenues shall be app{ied by such Receiver accordmg to the lien or eqvity of taid MORTGAGEE and ~he prxtice of such
Covrt. , . . ' _
8. To duly. promptiy snd ful!y perform, aasch~r9e, axecute, effect, ccmple~r, wmply with ~nd abide by each ~nd ev~ry the stipvla?iw~s, +greements,
;enditiorts and covenants in said promisscry rtote and th[s mor~gage set fweh.
9_ ihat in the event the ownership of the mortgaged p~eneises, or any part thereof, becomes vested in a penon other than the MORTGAGOR, the
:~.pRTGAGEE, irs svccessors anJ assigns, may, w~rhov? nonce to the !~1pRTGAOR, deat ~wlth such successor or wccessor in interest with reference to this
r, ortgage and the debf hereby sewred in the same manner as w~~h Ntortgago. withou~ in any way vitisting ot discharying 1he Mortgagors' li~bility herr
~,~drr w upon the dabt heroby sxuretl. No sate oF tFe Fremises hzreby rnortgaged and no fwbearance on tFx part of the MORTGAGEE or its successors
cr a:sign~ and no.eztension o( the rime for the paymeM ot the debr hereby secu~ed g+ven by the MORTGAGEE or As sutcesson or ~uig~s, sMil oper~te
ro rz'ease, discharge, modi4y change w affett the orig:nal tiabii~ty of !ne AtORTGAGl7R htrein, either in whole ot io ps~t.
10. h is spec~fically agreed that t~me is of the essence a! this contraci and that no wsiver of sny ob~~gattor? hereunder or of fhe obligsYan sr
c~red h..~reby shail.at any time thereafter be heid to be a WaIYCP of the !erma hercof or of the instrument setvred i~erby. _
I1. In add:~io~ to the forege'~u} ~e~onth!v µay:nrnts of p~inc'pa~ and interrst requ~red by the promissory no!e secured hereby, mortgagor covenanta
e~d ag~ees to pay !o mor?grq_e with each maith;y payment an add;~iana? svm esr.~rated by mwtgagee to be equal to-1/12 of the annual cost of the follow=-
~.y.
A-AO real property taxes levied or assessed ayai~st the ahove described rea{ estate.
B-Prem~urns on fire and windstorm insu~ar.ce as ne~e~n req~~red to be carried en the improveme~ts situate on ihe above described premises. .
C-Premiums on such ma.tg+ge g~aranty irsura
~ce a's mertgagee shail fre+*~ t me to time deem fit to tarry on the loan secured hereby.
I; Mortgagee shaH from time to time norify mortgagor in writ~ng of the amo::nt due and payablr hereundrr and such sum ahall thereupon be doe snd
i ab!e on the due date of the r.ext month:y paymero and each successi+e morth thereaher urtil mortgagee shall notify mortgagw of s change in suth
~ -~~unt, Such sums sha!t be app;ied b~ mortgagee ~onard tAe paymer.t of real property taxes, insurance prem:ums, and mortgage guaranty insurance
_ ~~,~ums.
IN \YITNf55 ~VHEREOF, !ne u+d MORTGkGOR has hereunto xt his 6and and seaT 16e day a yeai finl atoresaid. w
Sgned, Sealed and defivered in the presence of: ~E~OR~Eq '
> f~~lUC1E COUMtY • ah
- 5• ~TfIAS Gla s F. Hardison a~
f . ROG c1RCU?1 COUR? a s i ng le adul t
t CIER vE?IFIEO
~ ,~J w ~'S ' -t-~ _ RECORO ' ~ r5e.q ~
~ t Z3 3 0~ PN ~
~"P.iE OF FLORIDA t ~r 293559
; OUNTY Of SL . Lucie _ f
Before me personally appea+ed GZdCIyS F Hardison, a single d(3111t ~
~rle~rvlfer to me well krawn and known to me to be
~h_ individual descr~bed in and who executed the foregang instrumeM, snd acicnowledged before me tF?at !Ae exetuted the same fa th~ putposes
t~ crein expreutd.
~:xX7SK~Gi~~G~ -
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~YITNE55 my hand and officia) seal this__ day of ~'L~ `~,4~ ~9,~ i~ ~:F,c;
. ,;,s ~%'.~~^1.;~,
Y.{i
~ ° ' ` J~~fl.'-- .5~= r
~ j Notary Publit in and fo? the Stafe qo%~1~- _ '^i~' _;:i `
f My ~OTTiiSiO() exQirlf: / ~ ~ r' g / ~ 4: = :i.
Return To: . a~ ` / ~ ~ ' ~
rint Federal Savings b loan Associat;on _ ; ~ V . , % V ~
: ~ . r'•- ~ ~.4., `
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Ot fort P~eres. - y ' ~ '+M4`
` ~ ~ .i^:'ts~': 0~
Fort Pierce, Florida . ~ ~ ~ ~
~
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;~h1,~``~~~~
~re
Th~s Instr~ment Prepered By J. N. Robert s~ Jr .
First Federal Savings & Loan Association
_ of Fort Pierce, Flozida
Checked By ~ ~
~ .
. .
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