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3. To place and con~inuously keep on ~he buiid~ng~ now or txreafte~ fituate on said I~nd a~d on •11 equipnent ~nd personally tOve~ed by this mwl¢ ~
ege, witb •II piemiums thr~eon pa~d in full, fire ~nsuranoe in ~he ususi ~~enderd po'.ity fprm, in • aum ipproved by IM MORiGAGEE, and w~~dstam
~ns~rance in the usual ~~andard po~~cy 1o~m. ~n + sum approv~d by ?he MORTGAGEE, i~ s~ch compu+y o~ comP+~~N a~M NIORTGAGEE may~
duec~; ~nd all f~ro and w~nd?torm ~nsurence policies on aiy o( s.~id bu~ld~ngs, any fnterest therein or pa~t therQOf, in ths a99rayN~ wm ~toresaid u
in excess ihereof, ahall contain the usual standard matgagse dauie o~ such o~her c~auae as tht Ma~gagee may nqu:r~, mai,i~p Ihe lou u~de~ sa~d po~f
ues, each and every, payab~e to said MORTGAGEE as rt~ in~.resl may appesr, and each and evory iu:h poiicy sha11 Ix promptly ass gnrd and de~iverrd ro ,
•ny held by sa~d MORTGAGEE as tur~her se:urity ~o said mor~gaga debt, and, nat leii ~han ~en (IOi days in advance o1 ~he expira~~on of each pol~cy, lo d~-
I~ver fo seid MORTGAGEE a re~ewal thereof, ~oge~her with a receipt fw the prem~um of such renewal; and there sha~l be no fire w winds~o~m in~vranc~
placed on any of said buildings, e~y interest therein or pa~? the~cof, unlesa in ~he form and with Ihe Iws payable as afo~esaid; a~d in ?he event any ium r'
ef money beca~nes payabie unae? such poiicy a yoi~c~es sa:J MOKTG:.GCE at„iSl ho.e t:w ept.on ta teceev~ _n3 app!y the sa~+e on +cco~nl of the indebted~
ness sewred h.:reby w ~o perm~t sa~d MORTGAGORS to receive snd use it w any ~„rt ~h~,aol tor oti,cr µurE~oers, w~thovt th:r~u~ wa~v~ng cr ~n.po~r•
ing any equity, I~en or right ~nder w by virtue o} this mortgage; and in the event sa~d A10RTGAGORS shall 4w any reason fail to keep the said p~emiie~ so
insv~ed, w(ail to de!iver p~amptly any of said po:~cief o( insurance to sa~d MORTGAGEE, o~ fail promptty to pay fu11y any prem~~m therefor w in ~~y
respect fait to pe~form, d:sci~arge, ezecute, eftect, compEetr, comply with a:id abids by this cove~snt, o~ any part htreof, ssid MORTGAGEf may pl~ce and
pay fo~ s~ch insurance or any part thereof wiihout wsiving w affecting any opteo~, lien, equ~ty, or right under w by virtue of this Mortgage, and tht
iull amount o( each and evcry such payment shall be im~nediately due and payable and shall besr i~tere~l irom the date thereof un~il paid at the rat~ ol
e per cemum eer annum and ro3e~her wifh such i•itz~etit shall be secured by the i~en of this mort9age.
1: To permlt, tommit w suifer no wa~te, impairment a detereoralicn of said property or any pa~1 thereof.
S. To pay all and sir,gular the costs, charges and expe~ses, fnciud~ng a rrasonable at?ornev's fee and cos~s of abatracts of title, incvned w p+~d
any iime by said MORTGAG:E, because or in the event oi t~{e (aifure on the part of the said MORTGAGOR to duly, pranptly and fu~ly perform, d~uharge.
eaecute, etiect, complete, comply w~~h and ab:de by each and rvery the stipulanons, agrerments, cond~tions, and covenaMS of sa~d promiswry note and this
~,orsgage any or eithe., and sa[d costs, cM?qes and expenses, each and eyery, sha!1 be immed~ately due and payable; whether a no1 there be notite de
n,and, atternpt to coliett w suit pend~ng; and the full amount of each and every such payment ahall bea+ interest from Ihe date thereot until paid at 1ht
o~ nine per cent~m par an~w:n; and atl said costs, charges and ~xp.:nses [:xurred o~ paid, together w~th suth interest, sha~~ be setured by the lien of ihi~
mortga92.
6. That (a) in the evenf of any breach of this Mo~~gage w default p~ the pa.t o! the MORTGAGOR, or (b) in the eveM eny of saFd svma of money
herein referred ro be not prornp+ty and futty paid w~th~n thirty (30) days next a~ter the same severally brcome due and payable, withovt demand or notice,
cr ic) in tha event eath and every the ~tipulahens, agreements, conditions and covenants of sa,d pran~uory rwte and th~s mortgage any w tither are nof
i;:y, prornptiy and (ut:y perfo~~.+ed, ds:harg~•d, executed, e4fedtd, canple~ed, comp::ed wnh and a6~ded 5y, then in e~ther w any such event ~he sa~d ag
~r_3ate wm mentionecl i~ said promissory nete then remain;ng unpaid, wi~h interest accrued, and alt rnoneys secured hereby, shall become due a~d pay-
ro e forlhwith, w thereafter, at the op+ion of ~a~d htORTGAGEE, as fuil~ and tOmp:rtely as i( all of the said aums of money wete dig~nal!y 3tipulated
he pa~d on such d:.y, any~h~ng in sa d pre+n:s:ory note or in ~his Mortgaqe ro ~he convary notwiihstanding; and thereupon w thereaher st ?he option of
.L~.~r~,.. ..,3 ,~~.r~»~t1 as ~f rll moneys setured F~ereby
i~ i,~v~t7Viavi[, wiiiwvi ~~v~~io u~ uc~..o~~.., s.;.i ot :ar: G. cy.:iy, . -3-••. Y
r.d mar~red pnor to ds inatituL~n.
7. ihnt in the event tha~ at th= ~-g:nn[~;q of o~ at any lime pend~~:g any swt ui,on this Mortgage, or to fo~eclose it, or to reform it, or to enfo~te
..,~~~ent of any cia~ms hereu.^•der, s,~d M•JRTGtiG:c shalt apply to tha Coart Ildv:n9 ~u:iSCIiU1Jn thereof for the appo~ntment of s Receiver, such Cou~t shall
::itn aF~eint a re<s~ve~ of said rno-ry3yed F~o~-.•ty a:l and s~ngu~ar, in:i~d ng ai~ ard s:nyu:ar the irtcome, prof~ts, issues and revenuts from whatever
ca dzrive3, cach and every of wh ch, i! G~•~ng ~~prrss!y unJrrs!cod, ~s hrr!•by mortyaged as if speuf~~aity set forth and dexribed in the g~anting and
;=__•ndvm da~ses h~~reof, and wch Receive+ sha t ha~e a.t tna b.oad ar:d effecrjve f~•-.':ens and powen in anyw~se emrusted by a Court to a Receiver, and
s:h apaointment sha:l be m,ade by such Co~r~ as an ad~.^.e:ted equ~ty and a maner oi aosoiute righl to wid MORTGAGEE, ~nd without re~erence ~o the
:.•~uacy or inadequacy uf the value oi the prcperty mo:~geged or tc the so::rncy or in,olvenc~ oi said MORiGAGOR or the defendants, and that such
~s. pro4i`s, incane, iasves and revenues sha:! be appiied by such Recenrer atcord~ng to the lien or equity of said MORTGAGEE and the practite oI suth
:ourt.
8. To du1y, p~cr.pt~y ar.d fully per`o.m, discharge, execute, effect. comp;rte, co:~sply with and a6ide by each and every fhe stiputatio~s, agreements,
i~t~ons and rvenar.ri :n sa~d promissory not! and tn:s mor:gage set forrh.
9. Tt:ar m ihe eve^t the ov.nersh+p oi the mo+!gaged pre:nises, or any part thereof. Eecomes vested in a perso~ othe? than the MORTGAGOR, the
R?GAGEz, rta wcc~sso~s and as~~~ns; m.+y, ~n~tho~e no~~:e to ~ne ~'.ORTGi.QR, dc•a~ w~th such successw a successor in interes~ wirh re(erence to this
~:;gage and the dei.~ h._:eby seu~~ed in the sa~ne manner as with Mcrtyago~ ~nnh:,~t in any way vitiating or discharging the Mortgagws' liability hert
,,~r or upo~ the debr r.ereui seol:ed. No s~:e of the ~:re:nises hereby mortgaged and no forbearance on the part of the MORIGAvEE o~ its successws
, ~<;~gn; and r.o ea~e^s:or. of tne ~::ne fcr ~he payment oi the debt hereby secured g~ve~ by the MORTGAGEt or its successors w assigns, s~wll operate
_~e'ease, d~scharge, rnod~iy c~snge o• af'e.t ~he Oriymdl liaoii~ty oi ~he N.CRTGAGOR I:rre~n, either in whole or in pa~t.
10. It is speGf~catly .=a~ced that r,me ~s o~ the essence of this contrau and that no waiver ot any ob~~gation hereunder or of the obliyation se-
c:~ed hareoy sha'~ at any ti~ne thereafter be hc:d lo be a wai„er oF the !erms hereof or of the instrumeM secured herby.
I t. In aJs,t::: ~ fo ~he torege :~g •;,an+i~!•~ ::~y~-+ ~nes o£ t•~^r ~731 and i•~!e;es~ requ~rFd 6y the prem;ssory note secured hereb~, mortgagor eovenants
- d.3•ees to aay ro ~;or~~~cee v.~~h eath ~nunth'y ;.a~~ ~ent an add•~~onal svm c;tl-, atcd by mortgagee to be equal to 1 j 12 of the annual cost of ihe follow-
.
A-A~! rea! pro~~ty taxzs ~e~ne : or assess~rd sga~ ~s: th~ above desc~~r.ec! reat es~ate.
i B--Fr._•n:vris on f~rr end wmdsto~m :ns~tar.ie as f~r~~~ requ~red to be car,led on the improvemeits situate on the above described premises.
C-Pre~*:..:^s o~ svch n:o~*; .ge guara•:ty ~~su~a~ :e as mo:tyagee shaii fro~^ t.me to t~me deem fit to tarry on fhe loan ucured hereby_
! r.lortgaaee s~a ~'~om f~r..~ ro t~me nc•~f: mon~agc,r >n v.r~t,~g of the a+r.o:,nt due and payable hereundrr and wch wm shall the~eupon be due and
~ ,b'e un ~he ci;;e oa•~~ of ~ha r•:at ~~o-~ih'y rvy~nr~~t and e~ch svccessi,re month tt~ereafr_r u~rtit mcrtgagee shall notify mortgagor of a change in wch
~ oun~. S~ch surns sha:i ;^,e appi~ed 'oy mar.gag:e tohard ~he paymem of renl property taxes, insurarxe prem:ums, a+id mwtgaye g~arenty iosurance
~ . a~ms. ~
x tN Y11TNE55 'NHEREOF, rne sa~d I'AORTG<+GOR has hereuato set his ha~:d and seai the day and year first afwesaid.
Signed, Sealed and delivered in the p~eser.ce of: '
n
- - R B. ~Ils Seaq
~ - L (Sesl)
I)
~ -+Tc Of FLORIOA
St._Lu~ig____ ~
c ;;vrY OF -
Beforo me personaliy appeared - RO~/ B~ Jenkins snd
~_Ql .~QSfl .JQ111C1D3 his wife, to me well known and known to rtK to be
'rc ind~vid~a~s described in and who execu~ed the foregoing instrument, and acknowledged befwe me that they exetuted the same for ~hOXputpqses
e:n expressed. And the sa~d- CaY01 Jean Jenkins •-'~•t~
~ of the said ~Qj/ B JerLl~ins upon a~1QIN11~1~~ ~`i~i .
• m~n~tion by me taken separate and apart irom her said husband, acknovrledged to and before me thaf she executed said im;;~nt_ j,r~y_~'~q1ti~•.
y and w~thout any compu's~on, constraint, apprehens:on, or fea~ of or from her said husband. ,d b~~ti+,:;
Jan uar v ' ~ ~
~ ~YITt<~SS m hand and offic~a! seal this _ da of ' t9'
- Y y .
T~ ~
~-C,' • ~ .
~t n • ~ '7 %~7 )I ~ ~ ' ~ ~
#c ~ . , ~ ; ~ t
;s.° _ . • ~ a.
~ Notary Public in and fw the St 'o{F=orid~le;~q~ ~i>r.~~
~ ' My Commissio~ expires: ~ ~ : j Q _
~ Retum io: ~ ~ .i,0. t.r ~ ~
= rst Federal Sa+ings S loan Asso:i.,t~on j~'., •
.
of ~or, P..,,ce. fllEO EM~ REC~ROEO .
Fo~r Pi_~rce, Flor~d.~ S T. L U C 1= i.JJNTY FLA. ~.r. ~ V r-
P.U~,~: pnIT~~S , -"'+.,.r.
~ CLE'tK C " ;u~T COURT ~ '
pi;'t1P,~ /L~:FifD
This Instrument Prepared By J. H. Roberts Jr.
~4 ,l~ 6 9 2z AM'75
First Federal Sav+ngs 8 Loan Association
~
~ Fort Pierce , F1oZ ida 33450
2~8466
~ Checked B
~ 6~~~ 235 ~~E ~453
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