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3. To pl~c~ and continuou~ly keep on tFw bu~td~ngs now w heroaf?~r euwto on sa~d iand and on ali equipmenl ~nd peraon~lly tovered by ihi~ mwlQ~ J~
age, w~~h premivm~ Nxreon pa~d m futl, hra inwrenc• in ~Iw u~wl aiaxiard policy lo~m, in • tum approwd by the MORrGACaEE, ar~d wi:~dstoun .
insur~nc~ in th~ u~ud ~fandard pof.ty 1orm, io • a~m approved by ?M MORTGAGEE, in ~y~h Comp~ny O~ tqmpaniei +1 tM MORTGAGEE m~y
d~r~u; ~nd aU fir~ and w~nJstorm inau~snu polK~es o~ any of aa~d Iwild~nps, ~ny lnterest therein w par~ ~hereof, in 1!w aqprey~q ~um ~}pesaid w ~ ~
in exceti ther~ol, iA~ll conlsi~ the usual i+endard mortgage~ clause a tuch other cl•ut~ u tM Alarpa9~s rryy ~sqv'u~, rrHkerp th~ Io~s v~dtr ~aN! poli- !
c~es, tach and every, payable lo said AtJRTGAGEE as ~ts in~erest may appear, end each and every such policy ?hall be prompely ass.gned a~d delivered to ~
~ny hek! by said MORTGAGEE furthe~ tetu~ity to said mor~gaye debt, and, no~ les~ ~hs~ ~en (10) day in adva~xe ot tM •xpiration ot eacA policy, ~o d~-
Gve~ to saed MORTGAGEE e renewal the~cof, lo~ethet with a reteipt (or the premivm ot such renswal; and Ihere shal) be no f'ue or windsto~m insurance ~
plscad en •ny of said build~ngs, any interes~ ?h~r~in or part thareof, unle~s in ~he fcrm and with th~ loss payable a~ a(oresaid; and in the evenl sny sum s
of moMy becornes pay~ble unde~ such policy a policies uid MORiGAGEE ihall Mvs ~he optan fo receive and ~pply ths iame on xcovm of the indeb~ed~ i`•°
nau ~ecur~ hpreby o~ ro permit ~~~d MORTGAGORS ro receive and ute it or sny pait therto( for other purEroses, vii~hout th•icu~ waiwng or ~mpair- i~iti
in9 any equ~ty, lien o~ right under w bv virtue of this mo:!yage; ~nd in the ~ve~t sa~d MORTGAGORS sMll fw any reaton fail to keep the sa~d premiset so
~nsvred, or fall to deliver promplly e~y of SJKI POIKtE~ o( insurance to said MORTGAGEE, a(ail pro~iptly to pay fully ~ny premium thtrefor o~ in any ~
respect fail to perform, d+scherge, execute, e((eci, complete, comply with and ab~Je by tfii~ tovtnanl, w eny parl htreof, said MORTGAGEE may pl~te and
pay fp suth insurancs a any parl thereo( withoul waiving w af(ecling any option, Iien, equity, o~ ~ighf unde~ a by virtue of thit Mo~tga~, and the
1~I1 a~novnt oi each snd eve.y such paymem sbalt be immed•.ately due end payable and shall bear interc~t from the dale thereof until paid at the rote of
~•~~~e per cemum per ennum and to3eiher w~~h s~th :nte~eet sha~l t~ secured by the i:en of this mortpage.
To permit, com~~i1 w su(tsr no wasre, impairn~ent or de~er~oration of said prcpe~ty a any pah thereof.
5. ~o pay alt aod singuiar the costs, chargq aod expenaes, includ~ng a reasonable ananey s fee and costi of ~bstracts of tiNs, incurr~d p paid at ~
+n~ time by said MORTGAGfE, bccauae or in ~he evenf of the fa~lure on the pan of the sa:d MORTGAGOR to duly, promptly and fully perfwm, discharge.
~xrcute, effttt, complete, comply w~th and ab;Je by each and every the stipvlat~o~s, agreements, conditions, and covenants of said prpni:wry note and thi~
morrgape any w e~ihe~, ar.d sa~d costs, charges and expenses, exh and every, slull be immed;ately dve and payable; whe~her w not there be notice d~
n,and, ~ttemp~ to collect or fuil pend~ng; and tM full amovM of each and every such paymeM shall bear interest irom the date thereof un1i1 paid a1 the
of n~~e per cenium per a~our; a:x! ali sa~d custs, chargrs end expense~ incurreJ or paid, together wdh such interast, shall be secured by ths lien of thi~
m or tgsgQ, '
6. Thst in the event of any breach of Ihis Mlorlgage or defautt on ttx pait of the MORTGAGpR, or (b) in the event any of said :vms of money i
herrin referred to bs not promptly and fully paid wiihin Ih~rty (30) days next a+tcr the same severally becortie due snd payable, without dtmand or notice,
or (c) in the event each and every the stipulations, agreements, co~ditions snd covenantt of u~d promissory note and th~i mortysge any p either are twl
i~sy, promptly and (ully per(amed, di;harg•_d, execured, ?ffeded, comy,le;ed, co-ny~!;e~ wi!A and a6~ded Sy, ther. in either w any wch.eveM the said ag~
;~~,g~te sum memioned in said promissory note then remaining unpaid, w~rh intrrC,t accrued, a~d aIl moneyt secured hereby, shall become due and psy-
r...... y N,r~ Y
^~=ri!~.::!4, ~s '~_:ca.`:cr at i; s.,;.: t.:v~Tv:.uii, as i,~~~ o~w ' c: os ii aii oi ~i~e said sums ol muney werE O.~gmaiiy tt~puiated
be pa~d cn suth day, anything in sa.J pro~nissay note or in this Mwtgaye to the co»~rory not~nrilhstaodinq; and thereupon o~ lherealle~ at the option oI
s:.d MORTGAGEE, w:r?,out not.ce or derr:and, su~t at law a in equity, iherefore or therealter beg~n, may be prosecuted ~s if all moneya secured hereby
r,d maWrcd prew to d~ institution.
7_ That in the event ihat at the beyinn:ng ~f or at any time pc~ding any su~t upon this Mwtgage, or to foreclox it, or fo reform it, or fo enfores
,.;menr of any t:a~ms hereunder, soid .tpR7GAGtf shatl jpply to the Cocrt ha+iny ;w~sd~:tion ~hereof for t}~e appointment of a Receiver, tuch Court shall
i. ~~h.ti~ith appo:M a re:r~ve~ of s~:d mortgay~-d p~op_~ty all and si~iguiar, inciud~ng ai~ and sing~lat thQ ir.come, pral~ts, issues and revenues frOm whateve?
s: ~_•,r darived, ea.h ar~d evefy of wh!cn, ae t;eu,g ~;,epressiy unde.srood, u herruy rt.ortgaged as if spec~(ical~y set forth and deteribed in the groMing and
~ j: rnoum dauses hereof, and svch Receiver shall hi~e aIl the broad and efi~cf~ve fu:~u.cns and powers in anywise entrusted by a Court to a Receiver, and
:_ch appoimment ahaft bc made by soch Co:,r~ as an adn~iared equity and a mat~er of absoiure right to snid MORiGAGEE, •nd withouf referente to ths ;
,.;:,ocy p inadeq~acy of the vaiue oi rhe proprrty murtgaged or to ~he aoivcr.cy o~ .r,sotvency of sa~d MORTGAGOR p ihe defendaros, and that suth
:rs, profits, ir,~cxne, issves and re~eruea shjil be app6ed by such Recerver accorci~ny to the lien or equity of said MORTGAGEE and the practice of suth
t. •
S. To dufy, p~ompYy and (ully pe~fetm, discharge, execute, effect, complrte, cc^~ply with and abida by tsch and every the stipulations, agre~meots, ~
~:i~'~ons and covenants ~n sa~d promissory note and this mo:t~age set forth. ~ ;
9. That in the event the o•.~nersn~p of the mortgagcd pre,~.~ses, or an f part tnereof, becpmey vested in a pe~son other than the MORTGAGOR, th~
:~2TGAGfE. Its wuessora ar.d asvgns, n~ay, ~.v~~heut noT.ce to thr M02TGFpR, dea~ v.ith such successw w svcceswr in interest with ~eferent~ to lhis
-!gage and shc d,Df hcroby sec~.ed i~ rhe same mann.:r as wah tdorfyagor w:thout in any way vit;ating or d~xharging the Mortyagors' liability hsre-
w upo~ ti,~ d•_bt fia~ebf sec~~~~~d No sele of the Fre~nisAs hereby nwrtgaged and no forbearance on the part o1 Ihe M041GAGEE w its succes~ors
_ -ss~gns and no eare:~s~or, oi the time fo~ the payment of the debt hereby secured g~ven by Ihe-~ORiGAGEE or its successors a assigns, shall oper~ts f
case, d.scha+ge, moefify char.ge or at+ecr the onau~ai lioud~ry of ihe MGRTGAGOR I~erein, eit ~ in whole or i~ part.
10. k is spec:ficaUy agrred rha~ time is oF the essence of th~s cororact and that no waiver of any obtfgation hereunder or of the obligation ~e-
c.:ed Fwreby shall at any time the.eaiter be Re!d to be a wai+er of the !erms he~eof or of the instrumem secured herby.
I1. In add:~:c~ to the foregc ~~g monsh`y p~~~i,ents oi P~~n[ pal and ~~~}~rest requ~:ed by the prom~ssery no!e sewred hereby, mortgagor tovenants
~<i agrees to pay +o mo•tg~gee +.enh each mo~rhly pa~ment an add,:~onal su~n es~imarnd by mortgagee to be equal to 1/12 of the annual cost of the follow- 4
, ~
A-Ail real property taxes tevied o. assesced ,yaF,st thc above desaibed real esTare.
j
B-P:.:m,;,ms on ffre an~ w;ndstor•n mw~a~cr :~s he-e~n rcqu:red to he carn~d on the ~mproveme~ts s:tuate on fhe above desaibed premises. 1
C-Premi•~ms on such mangage g~aranry ir.w~ar~ce as mortyagee sna~~ from r( :~e ro time deem fit to carry on fhe loan secured hereby.
Idortgagee s~,a:t from ~imr te t~me no~~fy morr~agor ~n w~~t~ng of the a~oun~ d~e and payable hereunder and such sum shall thereupon be due and
, ,::h'e on the due oare oi ~he n.xt momi,:y p,;ym.•nt and each successive month thereafter urdil mortgagee shall notify mortgago? of a change in such
Such sums eha:i be appl~ed by mor!g,~y:.e toward ihe payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance
. .~,..r~mS.
IN LVliNE55 WHERiOF, she sa~d MORTGAGOR has hereu~to set his hand and seaf the day and ye fint aforesaid.
Signed, Sealed and de(ivered in the presersce of: ~
' ~ . ` . • .~~J ' t
I _v•.f: ::iM~iS~~ ew s . ow an s~.)
~ - - ~ . :..:J~"sT ;Seaq
~ RECORD YERIFIEO ose ow an
I N~.~.,-- ~C'C~Ci~~ ~ cs~~p
Y :~E oF.~,~,? M~t 16 10 25 A!!' S
~ SvfFa_~t
_ _ur~Tr oF _ ~
€ ~ Before me perso~ally appezred _ ~.ER13 r' . ROwland
and
¢ _ ROSe ROM18Zld his wife, to me well known and known to me to be i
` r_~; jiv~duals deur~bed in and who exec~red ine iorego~ng insvument, and acknowiedged before me that they executed the same for the purposes
~ ~~•e~~~ expressed. And the sa~d ROS@ Rowland
' ::.~c of rhe :aid ~ t.@M~S F'. Rowland upon a separ~fe and priwt~
- •,m~nation hy me taken separate and apart from her :aid husband, acknowledged to and before me that she executed said inatrument freely and vol~rr
r and without aoy,compulsion, constraint, apprehens~on, or fear of or irom her said h sbsnd.
~ WITNE55 my~fNn'd a~f~1!official seal th~s day of R'~~ A. D. 19~~
~ ; c? ` ~ ~ ~ ' ` ~
~ Notary Public in and (w the State of florida at large
' My Commission eapires:
i. • ~l'rtiye~ To: s f; ~
= Fi.st Fed~(al $avygs~ S. loan Ai~ofj~tion
,
~ Of. Fq~t Fierce_ n'. RAYMOND W. ~1~~
Foit.f~rce. Hor~•'.~~ f jljp~y j~C~ $taLO OE ~Ie~i/ ~Olk
; ;a. ~ _ NO. S~6Z13673
R . Coaam~l.~h[plt+es8~d 1?i~rc~Y19`~
~
- • This Instrument' Prepared By Gary P' .$llwood
F~rst Federal Savings b Loan Association `t
` of Fort Pierce I
. a
~ Che~ked By 6~OK~ 1~~E2~~ I
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L G~.y
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