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3. To piace •nd continuously keep on the b~i!dings now w hereafter filuste on ~a~d I~nd and.on all cquipmen? and penonally covered by thi~ mor~~
egr, with all praniums Ihereon pa~d in (u13, firo inswan<e in ~he uiuat ~wndard poticy brm, in • ~um approvad by the MOR~GAGEE, and windstwm ,
:nwrance in tht usual standard poGcy la~n. in + wm approved bY ~hs MORTGAGFE. in such company w tornpa~~es +s th~ MORIGAGEE may
d~recr, and all lire and w~nd~torm insu-ance po~~cies on any of •a~d buHd~.gs, any inta~est thcre~n or pan,t6e~eof, i~ ths aggregate wm aforesaid w ,f ~
tn excess Ihereol, shall :omam the usual stanJard me~~gages dause or such otl~er c~auis ai th~ Mor~gayee may rrquae, making 1he loss u~+der sa~d poll- ~
i,es, each and avery, pa~obta to said h10RTGAGEf as ~ts interest may appea~, and each and every suth po~~cy shall be promp~ly ass gned ar.d delivered to
~ny held by sa~d MORTGAGEE u iur~her secur~ty to sald nwrtgage debt, and, no~ leu than fen (10) days in advunce of the e¦pirat~on of each pot~cy, to da
I~Yrr to said MORiGAGEE • ~enewal Ihereof, ~oge~ha~ with a rece~p~ fo~ the p~rmium of such renewal; and ~hrre shall be no f'ne or windsturm insurance
ptaced on any oi said bvildings, ~oy interesl the~e~n w part the~eof, unlesa in :he for~n ancl with the loss payable as aforesaid; snd in the eveM any sum }
cf ~,oney become~ payable under such pol~cy w poGcies sa~d MQRTGAGEE ~hall have tho opt~on lo rece~ve and apply the same on accoun~ oi the indrbted~ , ~
r.rsi secured he~eby o~ tu permit s~~d MORTGAGORS lo ~eceive and use it a a~y pa~t ~h>reol for oii,~•r pu~~,oties, wdhout th>•cb~ ~va~~~ y o~ ~~nP.,ir- ~ :
ing any equity, lien or right undar or by virtue of this mo:'gage; and in the event sa~d MORTGAGORS shall fw any reason tail to keep the said prem~ses w ~
nwred, or fail to del~ve~ promptly any of said poLcies of insurance to u~d IAORiGAGEE, or fail promptly to pay (utly any premivm theralor w in a~y ~
re~prct fail to per(orm, d~scharge, execute, e~~ect, complet~, comply with and ab~da by ihis covenant, o~ any pa~t ha~eof, :aid MORTGAGEE may pla<e a~d
for suth insurante or any parl thc~eof w~thout waiving or effec!ing any option, lien. cqu~ty, or right uniler u by virtue of this Mwtgage. •nd the
amount of each and every such payme~~ shalt be immediste~y due and payab!e and shall bea~ interest trom the date the~eof un~il pa~d at the rate ot
. ~e per cenr~m Fer annun; and to~r~hrr w~:h sv:h intcr~s~ shal~ be sec~rad by Ihe lien Of this mOrigage.
4. To permit, commit or suffer no was~e, impalnnent or dEteriorotion o( said prope~ty or aoy part thereof.
5. to pay all and s~~gul~r ~he cosl~, charges and expe~ses, includ~ng a reasonable attwney's fee and cost~ of abstr~cls oi 1i11e, i~curred w paid at
e u t:me by s~id MORTGAG`E, because a in the event oi the (aifure on Ihe part of the said MORTGAGOR to duly, pranptly and fully per(orT. d~xharge. ~
xecute, effeU, complete, complY w~th and ab:de by each and every the stipu~at~ons, agrccments, tonditfons, and covenants o~ said promissory note and this ~
~.,;-rgeye s.~y w e~~l~er, and sa:d cos~s, charges and eapensrs, each and every, s~~ll be ~v~med~atety due and payable; whether or not there be ~+otice de
,..,n~, attempl lo tollect w suit ~nd:ng; and the full amoum of each and e~•ery svch paymeM shall bear interest from the date thereof until paid at the ~
c~ n;ne per centum Har a~~~w:~; anc ail sa~d costs, chmges and cx;:enae: inc~:red w paid, togethar w~th such interest, shall be securad by the lien of thif
mortgage. ~
6. That (a) in thc eveN of any breach of ~his Mortgage or default on the part of the MORTGAGOR, a(b) in the event any o~ uid sums of money
t,ere~n ~eferrad tc be no~ pranpNy and fully pa~d r•ithin fhr.ty (3J) days ne¦t ai~c~ the same severatly become d•x and payable, without demand w notice, ~
in the event cach and evzry tfee stipula+iens, aqreements, condit~ons and covenants of sa,d promiswry note and th~s mortgage any or either are not ~
p•omptiy and fu!ly ;,erfwmed, d.s.ha~g_d, exrcu~ed, effected, coanp~e~ed, co~nF;~ed v:~th and ab:ded 5y, lhen in e~ther a any such evem the sa~d sg j
,,73ta sum meniio:ied in said promissory' nete then remaining unpa~d, w~:h intrre>t accrued, ar.d atl moneys aecured hereby, shall betome due end pay-
to~thwirh, or tnereafte~, at the op:~cn ct s.~:d MORiGAGEE, as fully and comNieteiy as if all o( fhe sa~d s~ms ol money were wiginally sGpulated
~ pa.d on such d~~, anyth~r.g,1n sa.a pro~mssory note or in tnis Moitgage ~o tn~ co~rrary notw~~hstand~ng; and ~hereupon w therea~ter at the option of ~
,:i ~:.J~TGAGE~, wiii~eut not~ce or drrna,.ci, s.~i~ at iaw or in equ:ly, therrfv~e or the:reirer btyun, may be prosecuted as if all moneys secured hereby =
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- :,r turrd pnor to ~ts ~nstitunon.
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7, 7hat in the e~er.t rh~t at the ~rginn[ng o1 or at any i~me pe~°d~ng any w:: upon th~s Mortgage, or to foreclose it, or to reform it, or to enforce
.-:•_n~ of anv c:a~ms here~nder, sa~d MORTGi+.;:t sha:! ~F:ply ro the ~ourt 6a.•;~.g iu:~~d~a~..r. thereol for the appo~ntment of a iceceiver, such Court shafl
• •..,~h a;:~~;lnt a rece+•.er of s~id mo:~g_y.d p~ep~-:ty ai! and s;i:g~.ar, ir.c:~ej~ng .~~,d s~ ~g~~ar tha ir.come, p~ofas, issues and revenues from whatever
aa~~•:ed. ea;h an~ every oF wn.ch, +r hei~~ :Rpressty ~nderstood; is ~•rr~uy ~~.ertgaged as ~f spec~i~ca!ly set fonh and desu~bed in ihe g~anting and
dum c~avses hr:rof, and wch Rece~rer shall have a11 the broad and e~fecr~~e fu~ u ons nnd powers in anyw~se entrwted by a Court to a Recaiver, and
poinement ahaN bc :r.adr by svth Cuurt as ar. adr~~tted rquity and a n a!rer of aosolvte right to said MORTGAGEE, and withci•! reference to the
,,:cy or inadequacr of the val~e oi rhe pro,~rrty morrgaged or te tne so,venc,~ er ~,~oi~ency of said MORiGAGOR or the defendants, and that svch
Frotr.s, income, ~ssues and reve~.~es sha11 tx apaued by s~ch Receive~ accord:~:g ~o the :ien or equiry of uid MORTGAGEE and the practite ot such
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9. To d~'y. F.o~.+E.r.y a^d Iu:Ey pe•fo.n~, discharge, execute, e!fcct, complere, cumpty with and abide by each and every tlx stipulations, agreements,
.~ns and cover.ants ~~+~ti p:crossory note end th~s m;;rtga~e sH! forth.
9. TF ar ;n ihe eve^t vh•_ ov.ccrsh;; of !h_ mo.tgaged prem~ses, or any part thereof, 6ecomes vesteu in a person other thsn the MORTGAGOR, the
. 'va:~EE. i•s s~c;rss.:~s :.rd as:.gr.s, :y, v.~rho~t norke to tne •Y~OR'G%~OR, dea! wrh such succeswr or su;cessor in interest with re(erence to this
,oge and rhe d;u~ rrreoy secured ~n tt,e s,r.-:e n,anr,er as w+:fi ~.Sorgago~ w~thout in any way vit+ating w dacharging the Mortgagori liability here-
o: upon th~ d~~:,t hr•e'v~ sew~eJ ~:o ss'e of s!.e ~,(PfP15^S hereby mortgaged ar.d no forbeara~ce on the part of the /dORTGAGEE or its successors
<:3ns and no .~x•ees~on o' rh~• fcr iF.~ ray.r. m ot tiee deb+ tu *eby secured given by the MORTGAGEE or ~ts suceessors or ass~gns, ahall operate
~ase, d.scharge, mod~fy char.~e or a`iect t'r~e o• g~+~.,! t;au.il~y of thx R'ICRiGA;~OR he~ein, either in whole w in part.
10. It 1: speuf+c.~~iy ae•ee~ rhat t~me ~s o! !he esse:~ce cf this contract and that no waiver of any obCgaf~on hereunder or of ths oblgation se-
.:-d 'h~reby shal, at any ti^:c thereatser be r.cid to be a w~i:er of the •erms hereof or of the instrument setured herby.
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1 i in sti:3,4~. !o tn~ tp.-: •~a ~'.o^'n + pay::•;MS of ~ai: c pei and ~•~terest .equ!: ed 6~ the prom;ssory no!e scc~red hereby, morigagor tovenants t
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_•ces to pay to r.^.crtqage? v.i!n co~ h m::r'h~y ~;ay* .en! an add•'~cna' s~rn es!~~ ated by mortgagee to be equal to 1,' 12 of fhe an~ual cost of the follow- ~
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A-Aii rca+ c;roprct~ ta~os e.~~:'. c~ auess~~i eu~i :sr ~h: a~•ove d~scn'~_d .ra~ e<_•afc. '
6 Pr_e:'u.ns on f~re and r~incisiorm ~ns~~a~ce as iiera~r. .equ;red ro oe carr~ed en the ~rreprovements situate on the above desuibed premises. ~
~ C-Prr:r s o-~ ~~r}~~~e gua~a•.tv ir ;r•a. ,-r as mo•rqeg=e shall frc~r r me ro time derm fit to carry on the loan secured he.eby. !
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.Y,ortg;gre s~s ~ r ro *:,e r~c+~!, r.,c•rty;,gc.r .n wr~t:r:g of ine ar-o::~t d:,e and payabte herevnd~ and such su:n shall thereupon be dve snd
~ on th, due ci<;!.. ;;i ~h: i,•. •t n~ •s~. ; p: y:,:em and each s~c.essive mw:rh thereafaer unti! mortga~ee sha!1 notify mortgagor of a change in such
~ ,nr. Such slms s+3~i be appi~ea by «~..x:g,~_e ~a.tiarci tne payment ot real preF~e~ty taxes, insurante prem:ums, and mortgage gua~aNy insurance ~
~ ;~:s. ~ ~
IV :V11~~ES5 YJHEREOF, t~~s sa:d I,~ORTGkCSO2 has her>~nto se! his har.d and s>al the day r fint afore ai
~ Signed, Seated and delivered '+n the presence of: • ~ •
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~ ~~~P- P~ G97~, D iel A. ith a4
E ' tness: a0
~ ~ Seaq
~ i tl~eSS : - ~ 1 tSke . lth ~SeaD
~ • _
~ ~-f ~`i9F15~~!'~9~ i T?~ Tt:r. ~ s,k.~•~• E~T ' ss
~ ~ ; ~/r~f~l1~ ~QL~~~;n~e11 . Kv. _ ;
~ Before me personaliy appezred _ VaY11@L A. $IDlt~l a~ :
~ _ j~tck~. 6~ Smi th his wife, to me well known and known to me to be ~
~ _•nd~vid~aSs descr~bed in ana who exewted tFw foregoing instrument, and acknowledged before me that they exetuted the same for the purposes ~
~ Jitske B. Smith
` ' _-e'n express>d. Md the said ~
. e of the said ~aIll@I A. SIDlth upon arate od private ~
~at~on by me taRen seNarate and apart from her said hwband, ackrawledged to and before hat she executed said instro nt freely and volun-
~ ; ar,d w:thovt any comp,,lsion, consr.a~nt, epprehens:on, or fear of w from her seid husb ~
s ':iITFdE~S my hand ar.d of(iual seal th~s-.___~~il~_-.-- day of a . 19 75
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' f~LE~ ~M~ a~CiQA~~Q PY~~~~ ~P~i~ l~7 «~~9 PiE Vr I r".' ..T'~ ~r ~
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i.LtiC E COUN7r f~A. My Commission expires: j;:r ~ _ -
Retum To: aOCi~r at/f1RAf a'
~ rsr Fedcral Saiings b Loan Ass~:iat.on C~ERK Ci.1vi~1T ~~uRt f~ ~
~ ot ~o~r F,.:~~. ~crn~{' yEk~fiEO - _ ~ • _ ,r~ ~
• ~~L. - ~ ~ - _
~ Fcrf Pierce. F~e~~d~ _ ' ' -
fEe 2~ 1103 PN'15 - ~ ~ . ~
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~ This Instrument Prepared By Rober t A. Sw i sher Jr . ~ ;
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F~rst Federal Savings & loan Association ' ~
~ of Fort Pierce ~ Flarida - ~
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~ :~hecked By ~
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~ . ~ R f~ ~
~ BOOK ~~tiV ~f ~:VV~ `
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