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3. To plac~ and contimro~sfy k~ep on the bu~!dings ~ww w h~rsaftK sitv~te a+ ia~d I~nd and on ill equipm~nt s~:d penon~lly cov~rsd by ~hii mw?p~
~p~, with all pr~mivmi thereon ps~d 1~ fui~, fire in~uranc~ in ths uwal srindard policy torm, in a ~um ~pprov~ by ~M MOkiGAGEE, ~nd winditarm M
inw~~nu in tM uswl s~andard pol~cy fam, in a ium approv~d by tM IMWRIGAGEE, in such tompanY o~ cosnRa+ies ss tlu MORTGAGEf may ~
du~ctj a~d fi~~ a~d windatcrm iniwance poliuas on anY of seid build~~p+, any ir~rorest ther~in w part 1he~~ot, ia tM ap~e~aq wm afor~said p~
in exc~ss ~heno(, shail conrai~ tM usuat standud mortgapN cl~us~ a iuch oma dau~ as tM Ma~yage~ may r~qv'u~, m+Ainp the Iocs unde~ ~~~d poiF
cies, each and every, payabia to said MORTGAGEE ai iu interss~ may app~ar, •nd ea:h and every ~uch po?~cy sh~ll b~ promptly ~ac:gned ~nd dsliv~red ~o
~ny hdd by wid MORTGAGEE as fu~~her securiry ro said mat9sQe dcbt, u+d, nW let~ lhan fen (10) dayt i~ advance o( tha expir~lion of each poiicy, to ds~ ~
I~~sr to uid MORTGAGEE a rer?ewal thereol, ~o~etl+N wirh a rece~pt for tM p~~n+ium of sucl+ re~ewai; snd ~F»~e shsll b~ no i'ua a wind~twm insw+nc~ ~
piaud on any of wid buildinpa My inler~st 1Mr~in or p~rt thereof, unleu i~ ~he fom and wi~h tF» lou payable as aforasaid; u+d ir. the ~vent sny tum ~
of monty 6ecor~s payabl~ v~xkr wth polity or ptilities ~aid MORTGAGEE ihall Mve tM option b rxave u+d apply tM s+me on KwvM of tM Indebt~d-
nesi secwed hareby w ro pe~mi~ sa~d MORTGAGORS to ~eceivs and ute i! or ony part ihereof fw ot1x~ purposes, w~Mo~t therEO~ waivi~ip or impair
ing any p~ity, lien w riyhl unrkr w by virtue oi this mortytyr, a++d in 1he event ts~d I~10RTGAGOItS slyill for any nason fai! to ke~p ~he ~sid pre+nisp so
~nsurad, or fail to delivar pramptly any of said polici~s of i~surarxs to aaid MORTGAGEE, w fail prump~ty w pay fully sny pr~mium ther~fa o~ in anr i
reipect fait to parfam, diuhergs, execute, ef(ect, compiete, compty wi~h ~nd abi~ by this covs~+ant, a any par~ herwf, i~id MORTGAGEE may place and
• pay fw suth insurante w sny part thereof witho~t waivinp or affectinp any option, li~n, squity, w ri9ht vnde+ a by virtw af thif Mwt9epe, and tht
f~u amount of eacA and eve.y such paymeM shall be ~mmed~atety due and payabte arn! ~ha1! bsa~ interest irom the date thcreof until paid at tM ~at~ of ~ ~
nine pt~ tenwm per a~num and to~elher w+th auch interest thali be srcured by ihe lien oi thfs mwtpage.
4. To permit, commit or sufier no wufe, impairment a de~erarotion of said property pr any ps~ thcreo(. E
5. To pay all sr+d slrgvla~ tM costs, char9es and expe++ses, incfudiny s re~sonabb atton+sy's fe~ and cost~ of ~b~hacts of titb, incuntd o? paid ~t i
eny time by said MGRTGAGEE, because a in ~he e~rcnt of the failure on the part of the said MQRTGAGOR to duly, pranprly and 4u1tY pc~{orm, dixhargs,
rxecwe, eifec~, comptete. comply wi~h and ab;de by eac1+ aod every the stipulations, ayreemenn, conditiona. snd covenants of said prom,iso?y na~ ~nd thu
morrgage any w eithe~, and said costs. charges and expensss. each and every. shafl be tmmed~ately dve and paysbf~; vrhether a no1 there be notice d*
ma~d, aticmpf b colktt or wit pend~np; a:ul the full amovnt of each and e~~> suth payment shall baa~ interssl from the aate thereof until paid at TM
r,,fe of niM per tentvm per an~iu:rt; and all ;aid costs, charges arx~ ezpenses ~n~vrred w paid, together witfi sueh intere~t, shall b~ secured by the lien of thit
morty~gs. .
6. Th~t in the event ef any breach of this Mortgage or defautt c~ the part of tfie MORTGAGe7R, cr (N) in ths event ~~y of sa~d sums of ~y
herei~ r~far~ed to be not promptly and f~lly paid within thKty (30j days next atter ~he ume sevaally become duQ and payzb:a, witlwut danu?d or notics.
or (c) in the ~vent each and erery ths s~ipulations, sgreemeM~, cond~tions and covenann of sa~d promissory note s.d ihis mort~~~ s.-+y a ei~her an eo1
iuly, promptly and fully performed, d~scharged, executed effecied, canpleted, coneplied w~th and abided by. the~ in e~ther w any ~uch ~vent th~ qid a~
gregate sum meminned in said promissory note then ?enwining unpaid, with interesl atuued, a~d all moneys setu~ed hereby, shati betom~ dw ~nd pay-
able fathwith, a thereaiter, at the opf~on af :aid MORTGAGEE, as fuily er,d completrly as if al! of ~he said wms of money were wiginally s~~pvlated
ro be prid on such day, anythi~g ir~a=d promiuwy note a in this Mwtgage to the connary notwithstanding; and therevpon a fhereaiter ~t the option of
said MORTGAGEE, witnoot notice o~ dernand, suil at law w in equity, therefwe~or thereafter txgurt, may be prosecuted as if aU ma~oys seturd 1?ereby
h2d flyfUflC~ PflOf f0 113 If~3h~Uf~Ofl. ,
7. That in ~he event tbst at-~hrbeginning ot or at any time pend~ng any svit vpon this Mor*gage, or b foroelost it, w to refwm it, o~ to enlora
paymem of any claims hereunder, faid MORiGAvfE shall apply to the Court hav~ng ~urisdictio~ lheteof for the appointment of ~ Receiver, s~cF~ Coun shall
fc-thwith appoint a reteiver of aaid mortgaged praperly all and singular, includ~ng at! and. s~ng~tar the irecorne, proGts, iuves ~nu revenues ~rom whatever
s_ urce derived, each and every o( wfiich, it being exprassly ~nd~rstood, is hereby mor~ge~ed at if epetiiicalty set forth and d~:u7!~ in fhe granting and
h~'xndwn davses hereof, and such Receiver sball have a1t the broad end effective fu!ittiont and powe~s i~1 a~xwis~entcusled by ~ t'Jowt to a Retsiver, and
such appointment shat: be made by svcA Covrt as an admitted equity and a maner of a6sotute righl ~io ssid JwORTGAGEE, and withovt reference to the
adequacy w inadequacy of the vslus of the p?operty mwtgaged or to the ao:verxy or ~~solvency oi said MO~tiGAGOR or the defendanta, and that such
rems, prof~ts, income, iuues
a- nd fevenue~ shatf be applied by such Receiver accord~ng to the lien or equity of said MQRTGAGEE and ~he practice of sucl~
Caurt. f~"
8. To duly, promp
y and fully pcrform, d'+xharge, execute, effect, complete, cwnpty with snd ab+de by eacfi eni3 every the stipulations, agre~ments, }
cor.ditam and covenants in sa~d promissay note arx! th~s mortgage set fwth_ ?
9. That in the event the ownership of the morlgaged premises, of any part thtreof, becomes vested in a perw~ olher lhsn the MORiGAGOR, the f
.'.~RTGAGFE, its succeuws and ass~gns, may, without norice to the MORTGAOR, deal with s•~ h successar or succeasw in intere~t with rtfere~te to this
~ r. rgage and ~the deb~ herebp secvred 'm ihe same manner as with Mortgagor without in any way vStiating w diuharging fhe Motfgagors' liability F~e-
~^.der or upon the debt hereby secured_ No sate of the Fremises he~eby morfgaged and no fe+cearanoe on the part of the MORTGAGEE or ita succissws
or assigns and no extension of the time for the paym.ent of the debt hereby secured given by the MORTGAGEE w iri sucussots ot aasipns, shall eperate
ro re~ease, discharge, modify cF?t+qe a affect ~ortginai liabilify of' 1he MORTGACrOR hleein, eithe? in who1R a ~n p~il. _ ~
10. It is sprdf'r_s!!y agfeed tMt time :s of the esse~ce of this contract ar+d that no waiver of any ohGgstion her~u~sder w of the obliyation se-
cvred !i.:reby shatf at any time thereafta be held to be s vraiver of the t~rms hereof a of the instrument ce4wed harby. _
11. In add~tion to the forego:ng month:y payments of p: ~nc'aa~ erxi interest required by the promi=sory Rot~ secwed t~reby, mortgagar toven~nts
~~,d agrees to pay to mortgagee witn each mon~hly paymtnt an add~rional sum estimated by mutgsgee to be equal io 1%12 of the annual cost of tFro follow-
, #
A-Afl real prope~ly laxes kvied or assess~d agalnsf thc above dexribed real estate_ ~ z
8-Premiunn an firc and windstam insirrance es here~n regu:red to be csrried en the ~rt:provtrt~enb sitvate ort fhe sbove dtstr~ed premiaes. " '
C-P?em~ums on wcA mortgage guara~t9 ~r.swance as mQrtgagee shali :rom t~ma to time deem fiT to csny on the ban aecu~ed hereby. ~
r
Mo.tgagee snail !rom time to time notEfy mcrtgago~ in wr~t~ng of the amount due and paysble here4nder and such sum shalE thereupon be due ard
i >,nble on the d~e date oi the next n~onthty peyment and each successive momh thereafter umil mwtgs~ sha11 no'ify martgagw of a change i~ such j
~-o~nt. Such sums sh.all be appfizti by mortgagee toward the peyment of real ~sroperty ta:es insurance prem:ums, and rtgage gvaranfy inwrsnce ~
t e~,;iums. ~ ~ - ~ - ~ ~
i IN WITNESS WHEREQ~f, rhe said M.ORTGAGOR has hereunta set h+s hand and at fix dey a yea rst s~ ~ £
~ Signed. Sealed _a ~ivered in the prese~ce of: -
~ ~ n :
~ -..~.~ti--:_.__ ~ - . ;
~ ~ ~ ~
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~t
:-aTE oF Fz,oxtn~ ~ _
~
couvn oF S~ _jIiCIS_
8efore me personal{y appea~ed ~~I' T~a08~M1Ik0 a~d
~r~l D• ~OS~~CO his wife, to me well known s~ krwwn to me /o b~
r~e individu~ls desuibed in and who executed the f~ory~~9oi~g instrument, and ecknowledged before me th~t they exea,fed the same for tF~ p~rposes
rk~•ein expresaed. And the said ~YUAl D• -
~,:re of the ssid _ ~~r ?~Od~9U~C0 opon a sepa.sts u+d pinat~
~:am~nat~o~ by me laken separate and apar! irom F?er said husband, sdcnowledged to and befo?e me thnt the execused ssed instrurtxnt freely and volun-
~=:~~y and w~thout any com,~ulsion, constraint, apprehension,~fesr of or from her said husbaad. -
WITNE55 my hand and officia! seal this ti~9 day of ~tO~B! A. D. 19~
/
~
~ . -
Notary P ic in usd fw t State of Fbrida at lar~s
~ ' " My - ission expires: ~ ~e~ / q ~ S
~ Retum To: '
F~rit Federa! Savings 6 loan A~souation
~ Of fbrt P;erce. R :'~~~t~
~ Fo~t Pierce. Florida j~L~ AM~ ~E~~Y~11• . ~•~~~`~~~`~~~~,`i~.
~ i 1~ ~POita?8 ~ tit•
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This Instrument Prepared By NA. B. Bta1111 u 1~~ t' ~ .
First Federal Savings 8 Loan Association ~Q ~ y9P~1 •~:~~1
~~;f~'~'~~s ~t ~
of Fort Pierce~ 1~'lorida ~ `~V' ti,''~,;:~~
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. ~v ':"£R",.CY~~ ~~-•~~''SSz_f*t f . . . ~-~'i,'4~'- .n~.5! .