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To laq ~nd continuously ksep on tM bu~!d~np~ now a I+sroaftsr ~ituale on ~a~d tand and on att equipnen~ and perw~++lly ~ovrsd by ~his matp~ ~
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p~, wilh ~11 prtmium~ lhcreoa pa~d in full, f~re insurance in fh~ u~ual sNndard po!ky fwm. ie • sum app~oved bY MORTGAGEE. and windstaen j
inw~~nte in tM utwl sunda?d pol~cy fam, in • sum approv~d by ~h~ MORTGAGEE. ~n s~ch companY w comp+n~es u tM MORTGAGEE may
dv~ct~ ~nd all (i~e +~d windsfam insurancs pol~cies on a~y of said bui?d~nqs. ~ny Illlff0l~ tIMlflfl Of part tFureof. in th~ ayqrey~t~ ~um ~faesaid oc.
In ~xceu ~heteof, shsll contain ths uiual s+andard ma~9+ye~ cl~vse w s~+ch other c~au~ ~s tM MortQ+gee may rpuu~. ma4inp the loss undsr sa~d polb ~
ci~s, e~ch ~nd e~e~y, p+Yable to said MORIGAGEE as ~ts in~rrrst may appea~, a~+d each and every such pol;cy ~hall be promptly au.y~ed and deiivercd to !
.ny heki by sa~d MORiGAGEE at further seturity 1o said morlyaye deb1, ~nd, no1 iess Ihan len (10) days in advanca of ~he txpiratan of each pollcy, to da _
liw~ to said MORTGAGEE a renewa~ thercof, togethar with a receipt IO~ 1!x p~em~um af such renewal; and ~hsrs ihall b~ no fi~~ or windsiorm iniu~+~~
pl~c~d on any ol uid build~nps, aey intcreit therei~ a put ~he~eoF, unleu in ~he form a~d with the loss payable as aforesaid; ana in 1he evenl any sum '
of money becomes paY+bl~ u~der zuch po~icy or Po~Kies iaid MORiGAGfF ~hali iuve ihe op~ion ro ~acaive arsd apply tM same w+ xcou~t of tl» lndebtad~ ~
neW sKUred hereby or K pe+ni~1 said MORTGAGORS to receive +~d uss 11 a any parr rhercof for other purposes, w~ihout Ihrr~o~ waiv:~x~ or ~mpair•
inQ any puity, l;en w ri9ht unde~ o~ by virtus of this mostgage; and in Ihe evem sa~d MORTGAGORS shall for any rea~on fail to keep the said p~emises w
iniured, or (all to drtive~ p~~ptly a~y of ~aid policies of insurance to said MORTGAGEE, or fail p:omp~ly to pay fully any prcmium Ihe~efa w 1n +ny •
r~ipect fail to pertorm, dixharge, execute. ~ifect, canp~ete, comply wi~h and ab~de by th~s covenant, p any part hereof, said MORTGAGEE maY pl+ca +^d :
aaY fw wch insuranc~ or ~ny part ~hereof wnhout wsivinq w affeciinp any oNL.on_ ~ j~`zq~~~1Y, o... 9.~. {~Q... ~1,. d.uY~rhereol'umil paid~afQhe,rra
a1oi i
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full artwunt of tach and every svcn payment si.ai iic ~~~.~..n.;:.:..:~ r-•--'- ~ °
nine per centum per annum and togethe~ vr~th such iroerest shall lx srcure~ by the lien of th~s mortgaga• ~
1, To permit, commit or suffe~ no waste, irr+pair:ne~t a dcter~orat~o~ of said property ar any part the~eof• ~
5. To pay all snd sM+pulu the costs, charges snd exp~nses, including a re:sonsble attornay's fee and co~ts of abitrads of titk, incurred o~ paid ~1 ~
eny t+~±ee by sa~d MORiGAGfE, b~cavse a in ~he event of the fa~lure on the par? oi ~he sa~d MORTGAGOR to du~y, pron+p~~Y +^d fu~~Y Pe~form, d~stha?ge.
exetute, effect, cd*splete, comply w~~h and ab:de by each and every the sripuWtw~+s, agrea+nenn, condiriw.is, and co~ena:~ss a4 saed prar.eisse*y ~c+te and this ~
mwtgage any w ei~her, and u;d costs. cha~ges and expenses, each and eve+y. shall be immedia~ely due and payabk: whether a ~of there be notite ds
mand. attempt to collect or wit pend~~; and ths fvll amo~M of each ~nd evrry such payment tlwll bear ioteres~ from ths date tFkreof uMil piid at the i
rate of nine per cantum per annu:n; ond all said costs, charges and e apenses incurred o? paid, togNher w~th such interet4 shall bs tscured by 1F?e lien of thiu ~
mortyags.
b. That (s) i~ the event of any bresch of this Nbrtgage o: de~ault on the part of the MORTGAGOR, w(b) in tl+e event ~ny of sa~d sums of money
Ferein referred to be not promptty and fully paid within th~rty (30) days ~ext after ~he same severally become due ~nd payable. without d~mand o~ notice.
or (tJ in the event each and every the stipu~ations, agreemen.'~, co~:d~+~ons sMl covenams of sa~d promissory note and this ?nortgage anY o~ either ar~ ral ~
~uly, promptlY and fully performed, d~scharged, executed, ef(ected, canpteted, compi~ed with and abided by, 1F+en in either o~ any suth event the Wid a¢ ~
gregate s~m mentioned in seid promiuory note then remainirtg unpaid, with inte~esl accrued, and all mo~eys secured hereby, shall become dw a~?d pay-
able forthwith, o+ thereafter, at the oprion oi said MORTGAGEE, as fully and completely as if all oi the said wms of mo~ey were o+ig~~+lly stipulated ;
to be paid on svch day, anything in sa:d pro:nissay note or i~ this Matgage to the conlriry no~withstandi~g: and thereupon ot thereafter ~t the oplion of
said MORTGAGEE, withoet notice o~ demand, suit at law w in equ~ty, therefwe or thereatter begun, may be prosecu~ed as if sll moreeyl setured hareby
hsd matured pnor fo its ins~ieurion.
- ~u...~,.,.... to fereclose it. w to refwm it, o~ to enfwce
7. That in the event tAat at tne Deginn~ng oi w ai a~~y ~~~~K ~.......y ..n~ r.:i! c;.^.. _ ~
paymenl of any claims ?~ercu~der, said 1WRTGAG~~ sfiall apply to the Cou~t having ;urisd~ciion thereof for the appantment of ~ Reteiver, s~ch Court sl~al! `
Fo~thwith apFwiM a receiver of sa~d mo~tgaged property a11 and singviar, includ~ng all and singufar the income, p~o4~ts, iuvea ~nd revenuea from whateve?
wurce derived, each ar~d every of wh:ch, it being czpress~y understood, is hereby mo+~gaged as. if specifically set fath a~d dexribed in tF?e granting and ~
habendum ciauses hereof, a+xl such Receiver sha11 have all the b~oad and eflect:ve funct.ons and powers in aoyw~se entrusted by a Court fo s Receiva, and ;
s~ch appointrtunt shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without referente to the i
adequacy w inadequacy o1 the va:ue of ~he property mor~gaged or to ~he so+vencY oz ~nsolvency of ss~d MORTGAGOR or the defendann, and that svch ;
rents, profiss, income, ~ssues -snd revenues shall be applied by such Receiver according ~o the lien ot equity oi s+id MORTGAGEE and 1he pradice of such ~
CouA. - 1
8. To du!y, promptly and fuily perform, discharge, execu+e, efFect, complete, cwnpty with and ab~de by each ~nd every the stipula~ions, agreements, }
cond~tioro and covenants cn said promnso*y note and this mortgage set forth.
9. That in the event the owrtersh:p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a penon other than the MORTGAGOR, the
hSORTGAGE'c, ~~s successors and aasigns, may, wi~F.out notice to the MORTGAOR, deal with such successw or wccesso~ in inlerest wi~h referente to this
morlgage and the debt hereby setured i~ tt~e same martner as with Mortgagw w~thout in any way vitiating d discha~girtg the Mortgago:s' liability hert
under or upon the debt herebt sec~red. No sale of the prem~ses hereby mertgaged and no forbearance on Ihe part of the MORTGAGEE or its successws i
or ass~grts and no exte~s+o~ of the time for the payment of the debl hereby sccured given by the MORiGAGEE or its }uccessors Or ass~gns, s1ul~ ope~ate ~
i__~~~:«. ..s ..norr_sr.nQ E,.~..:n_ e:ther ~'wIW{e ~of in Wfl. e
ro reieax, d~sct?arge, moo~iy cns~u,~r w e::rc: 2:a ~::y~ ' -
10. It is speuficaliy agreed thar time is o1 the euence of th~s contract and that ~o waiver of any obligatwn herew~der Or of the obligatan st ~
cured hartby sha11 at any time thereaher be he:d fo be a waiver of the terrtu hereof or of the instrument secured herby.
11. In addrtio~ to rhe forego'n~ monih!y 6~ym:n1S of princ pal and interess reqv~:ed by the Qromissory rwte secured hereby, mor~9egor corena~ti
and ag~ees to pay ~o mong3g°e v~irh each momh!y payr.:ent a~ add.~ional sum est~mared by mortgagee to be equal to 1 f 12 of the annual cost of the follow-
~ng: ~
A-All rea! property tazes :evied or asses~^d agains: tiw above d~scribed real estate.
B--Premiums on fire and windsTO,m ~nsurrr.ce as here~n requ~red to be carried w? the improvemen's situate on 1he above described p~em~ses.
C-Premiums ai s~ch mo:tgage guaranty ir.suraf.ce as mortgagee sha{I fro~+: rme to ~ime deem fit to carry on the loan secured hereby. `
I Mort9a9ee sty)1 ircm tirT:e to t~me noti4y mortgagcr in wriGng of the amount due and payable hereunder a»d such sum ahall thereupon be ~ue and
payable on the dve date of the next monrh~y payment and each successive month thereafter ur.til martgagee shall notify morfgagor of a change in such
~ arrrount. Such sums sF.ail be appiied by mortgagee toward the paymem of real property taxes, insurance prem.ums, and mwtgago guaranty inwrance
~ premiums.
( IN ~~ITNESS `N REOF the sa~d MORTGAGOR has hereumo set his har.d and seat the day and year first aforessid_
aled deli r in he pres~Ate o~
+n
~ n Washington
. ~ ~ ~
Wi ie Mae Washing n
~
STATE OF flORIOA ~
55.
COUNTY OF St ~ - ~
eefwe me personaliy appeared Climon Washington .~d '
W1111@ IKde WdS~Ilflc~tOII h;s w;fe, to me well knawn and known to me to be i
the individ~sts dexribed in and who executed the foregoing instrument, «~d acknowledged befue me that they executed the same for ths purpous :
i
there~~ expressed. Md the said t+~11 116 u' ~ 11at DII
wife of ths sa~d C11IDOJ1 Washington , upon a separ~te snd prrvate ±
examination by me taken separate and apart from her uid husband, acknowledged to and before me that she exetuted sa~d i~strumeM freely and volurr
~arily and w~tF,out any computsion, consrraint, appreh ion, or fear of w from her wid husband. _
WITNE55 my hsnd and official seal th~s ~ ~ay r Decem q_ , Lp 74
.
Notary Public in ai+d ia the Stat Horida Lsrqa
. My Commission expires: ~
Return To: - ~ ~i/~~~~
first Federsl Savinga 6 Loan Association .t~ ' .
Of fort ~~erce. LEO ~NQ "~.~~~~tlt `t~~• ;
~ ~~~y
Fort Pierce. Florida 5~. L
OCE ~CO~ ~"r~ L :`,1 ^ f'•
` R . ~U~f ~ k. ~c%~' . ~ ~~~-'~r~,,~', ~ ~
~ CLEF.K Ci,.~U1T fQ. ,r,~~ ;1?~,.;;-, .;~Sa~. ~
RFC(1R1YrasFlE6 j;K~~~IOT, ~,cv~G~~;.
ir ~
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This Instrument Pre ared B ~ `
P y John W. Colli~ ~ ~ ~
_~~';=pU~, r:
First Federal Savings & Loan Associafion M °
Fort Pierce , Florida , . 4f < r' :
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Q ,"'~'~~'a~ !•;'~'~,t~
9'74 . $ i
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