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To plac~ ar~d conrinuously k~ep or? tFw b~itdi~gs now or h~rsaftM Nw~t~ on said I~nd a~d on all equipm~~t ~nd p~rwnally covered by thi~ mwt~
ag~, w:th ail pr~miums tix~son psid in iull, fire imv~~nte in tk~t usval ttandard pplity fam, In ~ tum approv~d by 1M MORiGAGEE. ~nd windttae~?
~nsvr~nc~ i~ ~M uswl ~undud policy fam, i~ a wm spprov~d by ~h~ MORTGAGEf. in s~cA company w canpanin as tA~ MORTGAGfE may
dveNj and aN (Ga and w~nd~rorm insuranu polkis~ on ~ny of said buiid~np~, any (ntK~~t ths.sin a part ~hereof, in tM s99rpaq wm ~f«~sa~d ot
In ~zcsi~ Ihenof. shall conuin tM utwl standard ma~ga~e~ ci~u~ w s~ch o~F+e~ cisuss a~ 11+~ Mwty~gN may rput~e. m+1i~+p 1M losi urxlM sa~d po14 .
ues, ~ach ~nd w~ry, payabk lo t~W MORTGAGEE ~s ils inte~rtt may ~ppea~, a~+d cach and ~very such po?iq shall b~ prompNy a~s.q~ed ~nd d~livered ~o
any MId by uid MORiGAGEE as fu~tMt ieturity to ~~id nwrtpay~ debt, and. not lesi tMn ?~n (10) d~yt in idwnc~ o( tM expuation of each policy; to da
I~yer ro uid MORTGAGEE a r~newal thereof, toqett»~ with ~ receipt fw tAe p?emium of tuch nnewal; ~nd ti?~r~ ~hall b~ no f~n a windstwm Inwranc~
plac~d p~ ~ny oi said buildirgs, ~ny interpt therein w pat thtroof, unlsu in ths form ~nd with the loit payable •(«~uid; u+d in the event •ny tum
of n?on~y beto~v~s paya~ls undK wch pol'~cy or policw~ wid MORTGAGEE shall Mve the option fo nceive and applp ti+~ w++~ on +ccoun~ of ~M indebted
ncsa ~ecur~d ha~eby a b permit ~aid MORTGAGORS to receivt ~nd vis it or any pa~t thereof for other purposes, wiilwut the+ebr waivi~~g o~ lmpair-
ing any pvity, IiM or ripht u~der or by virlw of thh mortype; and in tM went iaid MORTGAGORS tMlf fd any reason fail to kcep the ~aid p~emites w
~nsu.sd, or fall to delive~ prornptly a~r of said policies o( inswant~ ro ssid MORTGAGEE, w fail promptly to pay fully ~~y {xemium therefor w in ~ny
respect f~il b pafwm, discharye, ~xecute, efFecf, comptet~, comply with ar+d abids by th~s cove~snl, p any pa.l Mreof, said MORTGAGEE may plx~ +~+d
pay fw such inwrancs w any puf thtreof witho~t waivi~p o~ •ffecf;np sny option, li~n, equity, w rigM ~nder a by virtw of this Mort9s9s, snd the
iull amovnt of each and ~ve~y svcl? paynent ihall be 7mmediatety dw and p+yabl~ ~nd sMll bear irtere~t frem thi dat~ theraof ~n~il paid at the rate ol
r.;ne pe~ ttntum per snnum and togethe~ witA suth interast ahall be secured by the lien of fhi~ mwtgage.
~1. To p~~mit, tortunit or sufftr ~o waste, Jmpa'urtKnt or det~riwation of said property or ~ny p~rt the~aof.
S. To pay sll ~nd ~ingul~r tl+~ costs, charga ~nd expsnset, includinp • reasonabk anomey's fee a~d wsts of abitr~cta of ti~t~, incuned or paid a~
eny time by said MORTGAG:E, becauss or in the ~vent of the fa~lure on the part of ~M said MORTGAGOR to duly, p~omptly sr+d fully perform, d~uharge,
e,~ecute, ~itact, comptete, comply wi~h and ab~de by each and every the itipvlat~ons, ay~eeme~+b, conditioru. and cownants of said promiuory note and ~h:s
moregage +ny or e~~her. and u~d costs, char~es and expenses, each and.overy, shall be iawnediately due se~d paysbte; whethe~ ar not ther~ be norice da
R,and, aft~mpt !o oollect or wit pendinpj and the fuU amovnt of each and eve.y svch payment thsll besr inrorsst (rom th~ da~e tFrrsof uMil paid at th~
r.~re of n;ne per ce~tum prr aru~um; and ail said cosrs, charyes and expenses i~cwred or paid, together w~th such interest, shall be secured by the lien of tha
mortgag0.
6. That (a) in the event of amr breach af this Matgage w default on the part of the MORTGAGOR, or (b) in the event ~ny of said wma of mo~ey
herein referred fo be no1 promp~ly and fully paid within lhirly {~p) days next afte~ the same severalfy become due snd psysbk, without demand or no~ice,
er {c) in tht event each snd every the stipulatiau, agr~nts, cwxfirions and covenanb of ia~d promi:sory note and th~s matgsg~ any or ~ithe? ~r~ nof
i~ly, prompNy ~nd futly pc~fwmed, d:uharged, executed, eifected, completed, compl~ed wifh and ebided by, then in either w any such eveM the said ~g
gregate sum mentioned in said p~omiasory notc then remeini~y unpaid, with interesl accr~ed, and atI mo~eys securtd hereby, shsll become dw and p~y-
a6te fo~thwith, w thereafter, ai fhe option of said A10RTGAGEE, es fvlly and canple~ely as ii all ot the said sums of monsy were piginally st~pulated
ro be paid on such day, anythirg io sa~d prom~ssory note or in ~his Mortgage to the comrary notwithstandinp; and thereupon w thereafter at the option of
s~:d MORTGAGEE, withovt ~otice or demand, suit at law or in eqvity, therefae w lhereafter begun, may be proxtuted u if all moneyt s~cured hs~eby ~
n~d matu~ed p?io~ to iri inslitution.
7. That in tFe event that at tl+e beginning of or at any time pending any suil upon this Mortgag~, or ro foreclose it, or fo ~efwm it, or to enforq }
payment of eay daims he~evnder, wid _MORTGAGEE shall apply to the Cowt having ~urisd~ctio~ thereof ior 1hs appointment of a Rec~iver, svth Cowl shall t
Fc•~hwith appoint a rgceiver of :aid mortgayed propzrty a~l and singv:ar, ir.ctvd~rtg atl arr! singular the intome, profits, iuues and revenues from whatever
scurce derived, eich and every of wh~ch, it being expresfty undarstood, is hc~eby mortgaged ~s if spetificslly set fwth a~d dewibed in ths ~ranting ~nd
h>bendwfs tlauses hereof, and such Receiver tMll have ~11 ihe broad and effective funct:ons ~nd powers in snywise amru~ted by ~ Caxt fo a Receiver, ~nd
s~:fi appointment shall be made by such Cour~ as an a.imined equity and a matter of abso~ute righl to said MORTGAGEE, and without refe~erxe to ths
adequacy o~ inadequxy of the vat~e oi the property mortga9ed or to ~he w~vency or insolrency of said MORTGAGOR or the defendenn, a~d that such
rerns, prolits, incwne, issues and revenues shall be applied by wch Receivc~ accordu~g to the lien o? equity of said MORTGAGEE and ths p?adiu of wch
Court. f
i
8. To dvfy, promptfy and fully pcrform, discharge, execute, effetl, complete, conply with and abide by each and every tM stipulstions, agreemenb, ~
conditions and covenants in sald promissory note and ~his mortgage set forth.
9. That in the event the ownership of the mortgaged premixs, w any part thereof, becomes vested in ~ person otF~er than fhe MORTGAGOR, th~
~RTGAGEE, its successon and assigns, may, without notice to the MORTGAOR, deal with such successor or sutcessor io interest with referenca to fhis
~.-tgage an~ the debt hereby securcd in thc same ma~ne~ as w~th Alortgagor without in sny wsy vitiatirg p distharging 1F~e Mortgagars' Iisbility hera
und;-r or upon rhe debe hereby secured_ No sa:e of the premises hereby mortga9ed and no fwbearanca on the part of tF+e MORTGAGEE w its sueceuus
o~ ass~gns and no extension ot the time for the payme~t of tne debt hereby setured given by the MORTGAGEE w its fuctestas a assigns, shall operate
ro re~ease, discharge, modify change or affect the or7g~na1 liaoii~~y of the MARiGAGOR herein, eitFxr in whok w in puf. ,
10. It is speuficatly agreed that time is of the essence of this co~tract end that no waiver of any obligation hereunder ur of the obligation sr
cu-ed hereby sha:i at any time thereafter be hefd to be a wairer of tha terms hereof w of the instrument aecured herby.
11. In add~t:o~ to the (orego:~ month'y payments of princ:pal and intere3t required 6y the promissory note tecured hereby, mortgagor covenants
+•,d agrees to pay ro mortgagee with each month~~ payrnent an add~rional sum estimated by mortgagee to be eqoal to 1/12 of the annual cost of the follow-
,n3: .
A-All reat propcrty taxrs !ev]ed or assessecl aga~nst thc abeve dewibed real estate.
B-Premivms on fire and w~ndstorm insurar.ce as herein requ~red to be carred on the improveme~ri situate on the above described premisea.
C-Premi~ma on sucfi mort~age g~aranty insurar~ce as mortgagee shatl from. t;me to time deem fit to carry on the lpan setured hereby.
Mortgagee shail from time to time nofify mortgager in writing of the amo~nt due and payable hrreunder and such sum shall thcreupon be doe and
..:~b':e on the due date of the next mon+hEy payment ar.d each successive month thereafter ur?il morigagee shall notify mortgago~ of a change in such
~ o~~t. Such sums sha:l be applied by mortgagee ~owa:d ~he payment of rea) property taxes, insurance prem:ums, and mortgage guaranty inwrarxe
~ rniums. ~ -
IN W1TNE55 WHEREOf, the said MORTGAGOR has hereunto ut his hand and seal the day and year fir t sf esaid.
Signed, Sealed and delivered in the presence of:
_ s
~ ~
~ • ho as o ino ~ `
; , .
` Darl~e Vot no ~
I ~ ~se,~
~ L ~~~~E FLORIDA • ~
~ ~ ~ur~nr oF 1
° ~ ~
~ - Befwe me prnonally appeared Nieholas J. VOt1t10 a~
Darlene Votino his wife, to me well krawn and known to me to be
~ rne individua~s dexribed in and who executed the foregany instrume~t, end acknow{edged before me that they extcuted fhe same fw the ptirposes
~ tF,z-ein expresxd_ And the said ~Yl~fe ~/Atil'10
~ .•,:fe of r~ ~;d Nicholas J. Votino
vpo~ ~ sepa.bte and privat~
~ ~-r;~nation by me taRen s,-parate and apart frem her said husband, stk~owledged to snd befwe me that she exetuted said instrument freely end vo{urr
~iy and without any compulsan, constraint, apprehension, or fesr of or fran her said husband.
WITNE55 my hand a~d offic;al ual this_ dey of February A. D. 19 75
~
Notary Pubtic in and f State of f{orida at larse
" My Co~runission ~zpir ~ • 3,
Ret~rn To: • V
~ First Federsl Sa-ri~gs b Loan Association a
~ Of Fort P~erce. f~~p ANi' RE~~~.S ~ :
..:~.~~~~ri
~ Fort Pierce. Florida S7. a~iE~ P~~f , lb j`'4,, ;
~ ~~b~,~s
~ c~Ear~ c~~~cv~t cou~t : _
~
~ a~coF~ veatiF~EO ~ ' ~ ~ -
= l-1~"''~,';~ ;
I~ oi AM'15 = ~ _f ~ ~ .
~ This Instrument Prepared By Robe7ct A. Swisher ~ 3 _ ' .fi'C',"~'' _ ` ~ . ~
~ First Federal Savings ~ loan Association -;,,":j : i`
:
~ of Fort Pierce , Rlorida. 33450 . _ ~ ,
d Checked By ~ - - - - - '~~'~4- - •N s
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~ S ~n, . :
~ ~ ~ au~ Ir~.~ ~ ,
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