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To plaae ~nd ca+r~nuwsly kecp a? ~M bv~:d~ngs now a htr~~fttr ~~tuat~ o~ ?aid i~nd ~nd on all equipmen? ~nd perao~aily tov~red by this mwtq~
age, wi~h dl prcmivms ~hercon pa.d ~n fuli, iire insurance in ths uwal srandard policy fwm, in • wm approvad Oy ~he MORSGAGEE, and w~ndstwm
~ns~r~nc~ in iA~ uwal sundard pol~cy fam, in ~ aum ~pp~oved by tM MORTGAGEE, in wch tompany or tomp~nie~ as tM MORTGAGEE may
d~rect; and alt ('a~ and w~nds~am i~s~.r~nce policies on any of said buiid~~s, lny lmeral therein w paA thereol, 1n IM aggreyal~ tum afpesaid or
in e,ccesa tF~ereo(, shall contain tM uiw~ s?andard mor~gagee c~avie o~ such othe~ d+use aa tM Mw~g~9N m+y requ~r~, maAinp Ihe loss undee u~d polF
c~es, eacl~ and every, payab!e ro said V50RTGAGEE as ~ts in~errst may ~ppear, ~nd each and evsry iuch pol~~y iF~all be promptly au yned and delivercd to
•~y heid by said IIAORTGAGEE as fwrher security to s+id mwtgafle deb~, and, ~o~ lesa than ten (10) d~ys in advance of the expiration of e~ch pol~cy, to d~-
I:~e. to sa~d MORTGAGEE • renewal thereof, togetfier wi:h a receipt fw ~M premium oi such renewal; and tl+ere shall be ~o iire or windstorm insuranc~ l.l,°
placed on any of said build~nga, any iotereit Ihere~n a p~~t thereof, un!eas i~ the form and wi~h tiu lois payable as afwesaid; and in the event ~ny wm
ot mon~y becyn~s payadk under wch pol~cy or pol;cies sud MORTGAGFE shall have rM opt~on ~o receive and ~pply tM ume a+ +ccount of tM indebted~ •
ness secured hereby w ro pt~mit said MORTGAGORS fo rece~ve and uss it w any part thrreof for o~her purposes, w~~hovt ~h:nor wai~~~,g o~ ~mpair- '
~ng any eqv+ty, lien ot right unde~ w by vvtw of this mort,~agr, ~nd in the eve~t sa~d MORTGAGORS shall for any reason fail to keep ihe sa~d p~emiies io
tnsvred, a fail ?o deNvm p.omptty a~y ef sa:d poliues ot insurance to sa:d MORTGAGEE, a fail prompHy to pay fulty any p.emiu~e thcrefw or in any
respect fail b per~orm, d~scharge, e:ecvte. effect, complete, comply with •nd abide by this covenanl, p any pa~~ hsreof, uid MCRTGACaEE may pface and
pa~ tw such insurance « any part thereof w~thout waivirq o~ affectinfl any optior?, lien, eq~~ty, a right under a by virtw o1 thta Mwtyage, and tF+t
'::i amount of each and every wch payment shsll be immed~atefy dw and payable ard :hall be~r ir+tere~t from ttw date thereof uotil paid at the rale ol
~~e per cent:rm pe+ anr.um and togeth.e+ w:th such ~ns~resr shati be sacured by the 7ien o~ th~s mutgage. `
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1. To pe~mit, co:nmit or suffer no was~e, impa~rment w deterarat;on of said propcrty w any part thereof. ~
S. To p~y all and sing~iu the cosri, charges and expenses. ~nclud~ng ~ reasonabk attorney i fee and costt o( ~bstracts ot titk, incvrred o? paid at
any t~rr.e by sa.d AtORTGAGfE, bcca~se d ii ~he cvent ol the faiiure on the part of ihe sa~d MORTGACaOR to dvly, promptly and fvUy perform, d~xharge. _
e.ecute, effect, complete, compty wuh and ab.de by each ar+d ev~ry the stipulations, agreemenn, conditions, and covenants of wid promissory note and thii
-o•rgege any w eirher, ar.d sa:d tosn, chsrges and expe~ses, each and e~rcry, •ha~l be immediately due and payable; whelher or not there be notice dr
~,a~d, a?tcmp+ ro collect or suit pend:~g; snd the full amouM of each and e~ery such paymem thall bea. imerest from the date thereof until p~id at tM
o* n,ne per censum prr a~~n. n; and aU sa~d cos!s, charges and expenses int~rred w paid, together• w~th such intuesl, shall be secured by the lien of thi~
T.ytgs9e,
6. That (a? in the event of any breach of this Mortgage o~ default on the part of the MORTGAGOR, or (b) in the event any' of sa~d sums of money
here~n refe?rsd ro be nol promptly and fuliy pa~d w~~h~n th'uty (30) days nex~ aft_w ~he sama severatly become due and payable, without demand a no~ice.
'ci ~n the evenf each ar+d every the stipul~rions, agreements, condifions ~nd coveoanrs of sa~d promiuory note and this mortgape any a either are nol
o•ompHy and iulty perfo~med, dscharged, e+cecuscd, effected, canpteted, cempGed w~th and ab~ded 5y, then in eithe~ a sny wch evem the said sg
y't^y3t2 wm rnentioned in said promissu+y note then rema~n:ng unpa+d, with intere;t accrued, a~d all moneys secured hereby, shall become dus and psy-
r;: e forthwith, w thereafrer, at the opr~on of sa+d MORiGAGEf, as fully anc! comp:etely as if all of the said sums of money were agin~lly atipuiated
_ b, aa:d on such dav, anytfiing in sa d pro.m~ssory rwre or in Ihis Mortgage to fhe contrary notwirhstacxling; and tF+ereupon M thereafter at the option of
s: ~ r1.0ltTGAGEE, w+nc~ut r.o+~ce or ~+emar,d, s~it a~ !aw or in eqwtY, thereFore or tl~ereaher begun, may be prosecuted ss if all mooeys ietured hereby
~ , ] ^~atilt~ pr:W to ~ts i:lsriluriOn. ~
7. That in thc event rhat at the L~[nn~ng of w at any tune pending any su~t upon this Mwtgage, w to iweclose it, or io refwm it, w fo eniorce
._.-ent of arsy ra:ms !+creundrr, sa~d t.:ORiG:.vcE sha:i apply to the Cour~ hav~r.g ~ur~sd~crion thereof for the appoiMment of a Receiver, wch Covrt ahail
..~•h a~poEnf a rc:eiver of sa~d :r.ortgaged propz~ty ai; and aingutar, inc:vd ng a{I and s~ngular fhe ir.come, profits, issues and tevenues (rpm whatevet
.-r ~?er~ved, e~cn and every of wh:ch, b.:~ng exN+essly undersioild, is he~rby mcrtgaged a~ if spec~fically set fo~th and deseribed in Ihe granting and
end~m c:a:,:es hr.eof, and s~ch Rece~ver sha:d have ail the broad and tFtetr~ve f~cct.ons and powers in anywise eotrusted by a~ourt to a Receiver, and ~
s_ _a acp~~ntmcnt shatl be made by such Court as an admirted eqv~ty anu a rratrer of absoiute righf to said MORTGAGEE, and without reference to the ~
_._;;y or ~nadravacy of tne value of ~hr proprr~y mortgaged or to rhe so.vency or m;osvency o( said MORtGAGOR d the defendams, and thst such
s, prof~n, income, iswes and revc~,.es sba~i be appi~ed by such Recr~ver accord.ng ro the lien or equity of said MORTGAGEE and the practice of such
~_:n.
8_ To dv'y, prom~t:y and fu:iy ~rfofm, d~scharga, execute, eff~t, coneptete, comply wilh and abrde by each and every tF~e stipulationa, sgreemertts,
~+ons and curenams ~n smd p:om:ssarg ~ote ar,d ih~s mortgage set fwth.
9. TF.at in the eve~t :he ow~rship of !he mo:rgaged prem~ses, o~ any part thcreof, becomes vested in s per~n other than the MORTGAGOR, the
:'~'G.4Gfz, i*s svccezscn and ass,3ns. may, w:s!w:;t no~:ce to rhe MORTGAOR, deal weth wch successw or successor in interest with reference to this
_-g.+ge and the d:o~ f_reSY sec~rzd in the saT+e manner as with Mortgagor w~thout in any way vitiaiing or d~scharging the Mortgagors' liability here- ~
or up..^n the drbr h¢reb~ secvr~ Na sa'e of the Fre~n~ses hereby mo~tgaged and no forbearance on the part of the MORiGAGEE w ifs suctessors ~
. ~<.s•3ns and no ex~ens~on of the t,~r~ for the psyment of the dFbt hereby secured given by Ihe MORTGAGEE or its wctessors or auig~s, shal) operate i
.e e,ase, d,scharge, mad:fy change or aiFect r'ze er~g.nei :iaukl~ty of the MaRTGAGOR Fxrein, either in whole or in part. - }
10_ It is spec f;_ji~y agreed rFar t~n~~ is of the esse~ce of this contract and that ro waiver of any obligation hereunder or of the obligation sr
,_•eti i+ereby ahaii at ary ti~~e thereaEtet +~e he!d fo br a vvaive: of the terms hereof or of the instrument secured herby_
11_ in ao~.: c:~o !nc forego or:~,~y pay~+ants of p:ir c ra1 and inrarest required by the promisscry note sec~red hcreby, mortgagor tovenanfs '
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~ ~ ay•:es to ;.ay to ~~c-*grg_e wrth eac~ r.~on*n'y p~,~-e~~t a.~ add:~~o~a~ s~m est;mated by mortgagee to be equal to 1/12 of the annua) cost of the fo~low- ~
A-A1~ real prope~'~r tnxes ;e:~ec' o: assess_a ,ya~•,s: ~hc auove drsv~~cd real estar~.
B-Frem•,, ns on i.re ar.! vi~nds*o•m ~~w~ance es here~r, re
,~;red to ix carried w~ the improvements situate on the above described prcmises. ~
C-Pre~-+ium: o~ s_•ch r.~crr;~;~e g~aranty ~rsu~a~ co as merrgagee sha~l irom t me to t~me deem fit to carry on the loan setured hereby. ~
S
Mwtgagec s.4a :'.cm rir-.e to ~~~ne ro+~~y ma~gagor in w~dirtg of tFx amoum due and payaMe herevnder and such sum shall thereupon be doe and
;_:~`e on t!?e due da~a oi tn~ nett ~o~tti:y p~y~+ent and each succesai.e mon~h thereafter ur,til mortgagee shall notify morigagor of a change in such
i Su~h suTs sFa:4 be app:~ed ty morrga7ee rena:d tne payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance
F ' .,;Ti •
i IN '.lITPJESS YlHERFOF, rhe sa~d MOr2TGA~R has hereunto set his hand and seaf the day and a nt aforesaid.
I Signed. Sealed and delivered in the presence of: f p~Q $E~~~ ~
t _ _ _ ~L~c~f "v0u111 i r
~~r:~ ~oti;~?s n
E
C~£Ric C:••~~~T Thelaa L. Dixon a sin e a t
~ ~ RfrnR~ Yr.Fif.£O SesO
~ ' E~e 2l 110o AM'~5 c~.n t
~ : -..'c OF FLORIDA ~ ~ -
~ ;=,•.TYOF ~
' Befae me personaEty appearrd ~lelad l.. Dixon , a single adult ~ ~
~ ~fs~Afr to me well known and known fo me to be ~
-~-dividual descri~ in artd who execured the 4oregoing instrumeM, and acknowiedged before me that stlQexecuted the same for the purposes
~ ,~e~e:n eYpress~d_ ~rLi~~- ~ ~
~
' 4.oi ~ sai~ -
~s+r~.~ai~ro.by~ ~s la's~n.sQw~7sr~d. awti ~ws«i Lira~dr ~~kwow~igei ao.awi ~la~~ ww ~hat-s~~. ~~wt~i ~aibi~a~nr~e~t~F~aw~+~lwr
~ -•a~~r-anJ.N.r~on~anya~~w'«ow.~owo+ra~~ti.ap~~~r~f~.fr~n.i~s~~si~r~•
~ :YITNESS my har,d and offic~al seal this___~ day of Rebruary q, p 19~
~ - = i~'~s~; .
- J.
' Nota Publ'~c in and fw the e of Florida ~
~ ?Y .s;.-.
My Commission expires: ~y; ~~~~l~tii $II.;~~ '
tF Return to: /Q ~ ' `
^ ' 30 - "7 ~O / ~i
i:nt federal Savir:gs S loan Assotiat~on ' `
~ ' '~.•~,ii.~:
< Of Fort P erte. s • . ~ .
k Fort Pierce. FlcriJa . •~,j ` ~ ~ - ~ .
a' 7 ~.1 ~"~~hy = t
~ - • ~~1~`C`~*- _
ti~. ,F~N~.. . _
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~ut •i.O ~~,~Y•~~',
This Instrument Prepared By RobeYt A. Sqtisher ~ Jr. 1._ ~ a`;
< F~rst Federal Savin s ~ Loan Association ~'a~ • X~%•~. ~ - • ~
~ 9 . .
' of Fort Pierce ~ FloZida? 33450 " "
~ Checked By~ Z ~~,..{.•f .
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