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To place and confinuously kcep o~ the bui!dings now o~ herea~ter ~ituats on said land and o~ all equipme~t and personatiy covered by this mortq~
ege. wilh all premiirns thereon pald in full, fire insurance in the ~wal a~ande~d po'icy form, In s wm approved by the MOR~GAGEE, and windstorm
~nsurante in the usua~ s~andard pol~cy fo~m, in ~ sum app~oved by the MORiGAGEE, in wch compa~y or companies as the MORIGAGEE may ~
d~rec?; end a~l fire and windstorm insuronce po~icies on e~y of said build~ng~, any intereat ~he~ein o~ p~rl thereof, in Ihe aggregate sum afaesaid w t
in excess ~hrreof, shall contain the usual s~endard mo~tgagee tlause or such other dause ss the Mo~tgagee may requ~~e, makinq ~he fass unda ea~d potf ' ~
uei, each and every, payabte to said MORTGAGEE aa ~ts interefl may appear, and each and avery svch po!~cy shell be promptly a~s g+~ed and deGvered to '
en held b ssid MORIGAGEE further secur~t 1o saiil mon a e debt, and, not leas thsn ten l10) da s in advanct of Ihe ex uation of each li ~
Y Y Y fl 9 Y P~ po cY. ro da ~
Gver to uid MORTGAGEE a renewal thereof, Iogelher with a reteip~ for the premi~m o) such renewal; and there shall be no f~re or winds~o~m inwrance
placed on eny of said bui!dings, any interest thCrein w part fhereof, unless in the fonn and with the loss payabla as aforeaaid; and in the evenl any t~m
of mo~ey lxcomes payable vnde+ such polity o? policias said MORiG~'.GEE ~hall have Ihe option fo retaive and apply the same on account oi the.indabted- ,
ness secured hareby ar to permit said MORTGAGORS to receive and ute it a any par~ ~he:eol for o:h.~r purFOSes, vi~thout thercur v+aE~ing or ~n,p~ir-
~ng any equity, lien or right under or by virtue of this mo:!gagr, ~nd in Ihe event said MORTG-4GORS sha11 fw any reasan fail to keap the said p~em~ses io .
~nsvred, or fail to det~~er promptly any of said pol~ues of insurance ~o said MORTGAGEE, or fail p:omptly to pay fu11y any pre~nium the~efor a in a~y
respecf fail to perform, discharge, execute, efiett, comp;ete, cwnply wi~h and abide by ~his cove~ant, a any part hareof, said MORTGAGEE may piace a~~d 4 '
pav for such inaursnce or any pa~t fhereof wi~hout waiving or affeuing any option, ifen, equ~ty, or right under w by virtue of this Mortgage, and ~ht .
t,~ll amounl of each a~d erery such paymrnt sheli be immediate~y due m~d payable a~~d shall benr interest irom the date thereof unril pa~d at the rate of
~;,e per cenlum per annum and tu3~ihc~ xi!h wch interrst sha~~ be secured hy the lien of Ihis mo+tgage.
1. To permif, tommit or sufier no waste, impairment o~ detarioration oi said property or sny part thereof.
5. To pay all and singular the-costs, charges snd expenses, including a reasonable attorney's fee and costs of ab~tracts of title, incurred or paid at
;n; ~ime by sa~d MORIGAG:E, because or In the event oi th^ failure on the pan of the said MORiGAGOR to duly, prompdy and fulty pe~form, d~scharge.
_xr,ute, e(fed, complete, comply wah and ab:de by each and every the stipulanons, agrevnents, cond~~~ons, and c~ve~ants of said promissory ~ote and this
:cr,gage any or e~~her, and sa!d costs, cherges ar.d expenses, each and every, shalf be immed~ately due and payabte; whether o~ not there be nofice de
,..arJ, atte~npt to cotiect ar suit pend~ng; a~id the full a~nount of each and e~ery svch paymeM shalt bee. interest from the date thereof until paid at the
~ u= n~nn per ccnwm per anuu:n; and a~~ said wsts, charges and ezpenses incvrred or paid, together w~th such interesl, shall be secured by the lien o( this
~ncrtgage. "
b. That (a) in the event of any breach of this Mortgage or default on the part ol the MORTGAGOR, or (E) in the event any of sa:d sums of money
hc~~~n referred ro be not p.ornptly and fully paid w~thin th~rty (30! days nexr aftc. fhe same severatly become .iue and payable, withou~ demand w notice,
_r 'c) in thr event each and every the sripularions, agreemenu, cond~tio>>s and cocenants of sa~d promissory note and th~s mortgage any or either are not
i'~~r, ~p~Ompt~y and fuliy performed, d.s:t,arged, exe<ur~d, effec!ed, compteted, compi~ed wi~h and a6~dec! by, then in eether or any wch event the said ag
a•._3ate sum mentia~ed in sa~d pro~~~ssory note then remaining unpaid, with intere;t accrued, and a:l moneys secured hereby, shall become due and pay
ac e forlhwith, o~ thereafter, at the opt~o~ of sa~d MOk7GAGEE, as fu1F~r ar.d comple~c~y as i( aIf of the said sums of money we~e onginally st~pulated
be pa~d on such day, anyth:ng irt sa,d p~om;ssory note or in this Mo:tgage tu the confrary notwithstar.ding; and Ihereupon w thereaftcv at Ihe option of
s-_i t,10RTGAGEE, wrthout notice er de~nand, suir at law or in equ~ty, +he~efere or thareuiter begvn, may be proaecuted as if all moneys secured hereby
d marured pnor to ~ts instiwnon.
7. That in 1he event that at the beginning ot or at any !~me pendfng any su~t upon t1~is Mortgage, or tc foreclose it, or to reform it, o~ to enforce
,.,e~~t of any cla~ms he.eunder, sa~d fAURTGr~GcE shall a~~ply to the Co~rt h;:,ng ~~nsd.ction thereof ior the appointment of s Receiver, such Covrt shal) {
.,;th appo~nt a rccei•.zr of sa;d mortgaged prc;:.:rty ali d!l~i sun~v!ar, inc;ud.r,g a~i and s~~.gular the income, profits, issues and revenves from whatever
, _ c+.~ri.•zd, ea.h a~d e~ery of wS~lch, ~i oe~rg <~xpresiiy vnderltcod, is F:ercby n:c;ngaged as if spec~fica~ly sN iorth and deatribed in the granting and ~
~ ~:~du:~ c~3~~ses hereof, a~d such Recei~er :halt hav_ ail the brcad and riiec+;ve fu«c~ c:~s and pcwers in aoyw~se entrusted by a Court to a Rec_iver, and
appci.^.!me;V sh31! be made by such Courr as an ad:~~itted equity and a r.•atter o~ abzo~~te nyht to said MORTGAGEE, and wi~houf reference to the
,,;cy or ina~rquacy of the value of the prope+ry morrgaged or te rhe so~vency cr inwlvenCy of sa~d MORiGAGOR or the defendants, and that such
•s. proiits, incom.e, issues and reven,:es shali'be app~:eo by suth Rece~ver au~rd,.~g +o tne lien or equity of said MORTGAGEE and the practite of suth
C:_rt.
4. To d~!y, pron,~~tiy a~d fufly perform, dis:l~arge, execute, effect, comp!ete, compiy wr+th and abide by each and every the stipulations, agreements,
~i'•!~cns and covenanes ~n ea~d promisswy note and th~s n~orrgaye set ferth.
9. iFat in the event the owne.shlp oi the morrgaged premises, or ar~y part thereof, becomes vestPd in a person other ihan the MORTGAGOR, Ihe
4~GAGEE, its svccessors ar.d ass~3ns, may, wiiho~t no:~ca to the t.10RTG~OR, deal with wch sutcessot or wccessor in interest w~th reierence to this
•~age and the cfebl here5y secured in the same manner as with htortgagor w+thouf in any v~ay vit;ating o~ diXharging the fllortgagorS' liability here-
or upon the drbr tee~eb~ securtd ko sa:e of ~he pre:nises here5~ mo~tgaged and no foroearance on the pari of Ihe /.10RTGAGEE or its successors
,ss~gns ar.d nu eatens~on of the t~me for the payTent of the d-rbr h~rE~y secured g~ven by the N.ORTGAGEE or rts suctessora or assigns, at~atl operate
~ ie ease, d~scharge, modify changz ar zffect the erig~nak liab~iii~ oF the MORTGAGOR herein, either in whole or in parf.
10_ It is spee:ficatl~ ag.eed thas nme is of the essence of th~s contract and that no waiver of any obligat~on hereunder or of the obligafan se-
d hereby shati at any time the~eaffer be he:d to be a waiver of the terms hereof e. of the instrumem secured herby.
I1. In add f:~, ti~~~ iorege ~~g ~:onei~i~ i»yn, ~nrs of p~~ .c paI and ~nse~es+ req~~red by the prom~ssory no~e secured hereb~, mortgagor eovenanfs -
•g•ees to pay io me-rg,yee •r.r:h eacF. r-.•~mh:y p:y• :enr an ~ud,:~onal sum csr~^,ari-d b~ mortgagee to be equal to 1,~12 of the annual cost of the 4otlow-
1
A-A!1 real prope•ty taaes !evied or assessvd ao,i•~st the above describsd reai es~ate.
~ 5-Pr~~^;~~^~s on t~re and vri+:dstorm ~ns~ra~ce as iierci~~ req~;red to be [ar:i~d cn the improvements s~tuate on the above described premises.
f C--0re~riun s cn :~~ch neorrg .ge g~a~anty ~nzusance as rnortgagee sh3;1 .'rom r me to time deem fit ro carry on the loan secured hereby.
' l~;errgagee s~~ ~ f;om !~:re to fi:.,e neti.'~ n,urtya3cr ~n w:it~ng of tFe a~.ou~t due and payabfe h~re~ndcr and such surn shall thereupon be due and
~ ~ on the cive ca!e of fhe ~*ext ^~on~h'~ paymen~ and each svccessive month ti~ereaiter until mortgagee shall notify mortgagor of a change in such
' Such sums sha;l be appi~ed by mortg,g~,e ro.,ard the payment of real preperry faxes, insurance prem:ums, and mortgage guaranty insurance
t
•,:~n,s-
IN Y~lTNESS VIN~REOF, ~ne said MORTGAGOR has hereu~•o se~ n~s hand end seaf the day and year int aforesai . ~
a Signed, Sealed r. ed in the presence of: ~ ~
~ - ,~v i
- s~ap s
~ Stan R. o is
~ - - - s~so
- - -,~L2-% ',e'C- `t-t cSea~~
s na . or
~ - - (5ea~) ~
r T= Of FIORIDA
~ u.
~ ;'.TY Of __.-5~.~ Tal[`~R _ ~
~ Stanle R. Boris
~ Before me personally appeared _ y ~ and
~ Edna L. BOT~B ' h~s wife, to me well known and known to me to be
~nd~viduais descr;ued in and who executed the foregoing instrument, and acknowiedged before me that they exewted the same for the purposes
~ :
~ -e~n expressed. Md the said_ ~Ila 1,. BOI'~3 t
~ of the sa~d ~tanlev R~ Boris a separate and private }
~ nation by me taken saparate and apart from her said huaband, acknow~edged to ar.d before me that she executed said instrument freely and voluo- ~
i`~ and w~thoue any co:npulsion, constraint, apprehens,on~r fear of or from her said husband.
Al
~ Y~ITtJESS my h~nd a^d offic;al seal this_-____~ ~ day of____ ~~h A_ D. 19~
_ ~ ~ -
_ Notary Pub in and ior ihe State of Florida et Large ~
- _ My Comm ion expires: ~ ~p~ / 9'~ s--
Ret~rn io: • • " ~"9
r;rst federal Sa:irgs 3 ioan Association ~
- Of Fo:r P~c~c>_.
Fcrt Pi~rce. ilcrida 1.~• " A~1~ REGJR~JEO
FIlEO v tY FU.
~ ` ~ ~ti ST. LUC{C OUN.
__F: ~ ' ~ s : RocE~ ao~Ta~s ~ -
_ = ; t- i~J' r~ CIEAK C~aCU~T COURT ~c
' ~ ~ : (t1 t c~: _ R~r4R0 YE~I~~ED
; This Instrument Prepared By 4+hr1. E. Bl'si1ri j.G
" First Federal Savings & Loan Association T: Y.e ~ 9 04 ~~~5
of Fort Pierce~ F10Tida ~'%,;~.v ~~~'g~ ~ 17~
= ~p ~--.tr,;?~,~~•~ 3U2'783 -
c~ .
,;.3 Checked By L~ . ' ` ~
~ 8~ 237 ~ S~ . . . ~
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