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1o pisce and continuously keep on the i~iid~~.ys now or hereafter ~ituare on se:d ~and and on ali equipmen? and penonally cover~l by this matq~
ege, wi~h sll preniivms ~he~eon po~d ~n f~il, f~~e ir,wr~nce in the vs~~i sia~ord Nc,Gey form, in a sum app~oveJ by ~he MORiGAGEE, and w~nds~orm
~ns~rance in ~hs usual a~andard po~~cy io~m, in a aum approved by the MORSGAGEE, in such company or compan~es as the MORiGAGEE may
d,~ec1; end all iire and windstorn i~surar.ce poiiues on any of sa~d b~iid~nys, any intarral ~herain or part theraof, in the aggregate sum aforesaid w
~n excess Ihareof, shaH coNaui the usual s~a~~dard morty3gee c'ause or such other tleusa as Ihe Mortgeyee may ~eqv~ro, maAing Ihe +oss unde~ aaid polr
c~rs, each and every, payab!e to aaid AIJRTGAGEE as ~r~ in~~rost may appear, and each and every wch podr~ aha11 be prwnp~ly asa.gned and delivered ~o
any htld by said h10RTGAGEE as (urther secwity ~o sa~d n:ortgage deb~, and, not Irs~ ttian ten (101 days in advance of th~expiration oi eath poficy, to da
L~er to said h10RTGAGEE a renewal t6ereof, together with a receipt for Ihe prernium ot such ~enewa~; and ~here shall be no fire or windstorm insurence
plated o~ any oi sa~d buitdings, sny interest therein or part thereof, unlrss in the torm a~,d w~th the losa payab~e as a(orosaid; a~d in the event any sum
of money becomes payable unJer such policy or policies sa~d MOkTGAGEE shaii have rhe opt~on ~o rrceive and appty the ssme oo accooN o( the indebted-
nrss secvred hereby or ro prrmi~ sa~d MORTGAGORS to receive and uu it or an~ Nart" tt~•rr•:of io~ e~i,er uurE•oses. ~v~rho~! ~h~~~o~ :v.:~•:~~~~ er nnpair-
in~ a~~y equity, lien or righl undcr w by virtue ot ~his mo~!gage; and in the evenl sa~d M~RTGAGORS ahall 'o~ any reaion fai? to keep the said prern~sas so
;,sured, w fail to d.•I~ver promptty any of said pol:cies c,f insurance to said A50R1GAGEE, or fail promptly to pay (ully any pre~rium Ihe~efor a i~ any
rrsF~eU fait to perform, Jixharge, ercecute, e(fec~, comp:eta, comply with and abide by this covenant, a any part hrreo(, aaid MGRTGAGEE may place and
pay (or suth ins~rence or any parf thereof without waiving w affecling any oF~tion, iien, equity, o~ r~ght under w by virl~e of this Mo~tgage, and tht
i~ i amo~~nt ol each and e.ery such paymeM shall be ~rnmed~ately d~e and payab'e a~d shall bear iroe~es~ from the date thereoi until paid at the rate ot
a pe~ Centum aer annu:r. a~id to~»1h.r. w~fh sv:h l~.rar~sr sh~ii s•~c~rtd by the lien o1 ihis mortgage.
4. To pamit, com~ 't w sufier no waste, impairrnent or de~rr~ora+~on of sa~d pruperty or aey part thereof.
5. To pay all ~uijr the costs, charges and expensei, including a~easonsble atrorney's fee and costs of abslracts of title, incurred o? pa~d at
•n; t~~ne by na~d b1G. E, 6ewusc or ~n the event of tho fa~ture on ~he par~ of ~he aaid MORTGAGOR to duly, prunptly and fuily per(wm, d~scharge,
_.~~cvte, effea, cemplete, cemply wnh and ab de by each a~d every the xtipu+at~or.s, agreemems, tonditions, and covenants oi said promissory nole and this
•,gage any or e~~her, and sa:d costs, charges and expenies, each and every, :hall be ia med~a~ely d~e and payab:e; whe~her w not there be notice de
n.a~~i, attempt to co~ieU or sv~t pendmg; and the full amounl o~ each a~ul e~ery wch paymenc sha11 bea. imerest from the date therepf until paid at the
o~ n~ne per ccntum Fe~ ~n:~,::~+; a:~c ait sa~d cosfs, ~ha:~es a:~J cK~c~aes iiKUrred or F:eid, together w~th such enterest, shall be setured by the I~en of this
~nortyage.
6. That fa) in.fhe evc~t o( any breach o( thls hlo~tgage or de{ault o~ the part of rhe 610RTGAGQR, or (b) in tbe eveM any of sa:d sums of mo~ey
hereEn referred to be not prompily and fully paid V111F11l1 th,rty (30) d~ys next a~rrr the same serera.ly become due and payable, w~thout demand w notice,
cr •;c) in the event each and eve~y the srpula~ions, rgreernrnts, cordi:ions and covenams of sald orom~swry note and th~s mortgage any or either sre nol
i.• v, p:omptly and fufty ~riormed, dsc}~irg~d, exec~ted, e!izctad. cor-~plEted, compl:ed v:i~h and a6~deJ ~iy, then in either or any such evem ihe said ag-
~a!e sum memioned in said promiaSO~y ncte thrn remain;ng unpaid, with intere>t acc:ved, and ail moneys setured hereby, shall become due and pay-
e forthwith, or thereafter, at the opf:cn cF s.~~d MORTGAGEE, as fulty arx! cOmpie;eiy as if all of the said sums of money were or~ginally stipulated
~ • pa'd o~~ wcfi d~y, anyti,ir.~ in sa d pranissiry note cr in this l.lortga.~~~ to Ihe contrary notr.~~hstanding; and thereupon w theceafter at the option of
s 1: :'.ORSGAG=_', w~+ho~t no!~ce e~ den+ar,d, s~it at iaw or in equ~ty, thc+eEore oz rr:ercafter begun, may be proseculed as if all moneys secured hereby ~
~ n.a~urEd pr~or to ds ~~atitution.
7. That in the e.ent rha~ a! the beginr.:ng of or at any fime Fr_»d~ng a~~y su~t v; this M~rtgage, or to foreclose it, or to reiorm it, or to enforce
,.~cnt ot any c'.,i-ns he~eunder, s,~c N.URTGAGEL sF,a~l ~pply to the Co~•:t ha~~~~g ,~•~sd.ct~on ~i~ereof !or the appomtment of a Receiver, such Court shall
•,,:ch appo~nt ; r~•ce~.er of s,ld n o•!,a;~ed yro,;.-rt~ al~ ano sin3ula~, inc:,:d ng a:i and s~ ~~viar tl}e income, prof~ts, issues and revenues from whatever
, ~ drrived, e~=n ar.c! every nf v,i,.ch, ~t bf,~~y e~.~ri~ss:y ~rde~scoud, Fe:cby nu~r~gaged as if speufically set torth and dewibed in the granting and
d~m c'a~:ses her~o.', ,nd SVLf. RfC°~~Bf ;h,ci hav~ ai1 the o~oad and BttK'~YC fc-:~.' o:~s ~~~d powr~a in any~v~se entrusted by a Couit to a Receiver, and
~;.p'viniment sh,i+, bc n,ade bY such Ccurt as an ad,~ii~te~ equ~ty and a masrer of aLSO:we rigM te sa~d MORTGAGEE, and wirhout reterence to the
- _cy or ir,dtlEy.idt/ o~ cke •.a:ue of :he aroperty mortgayed o; tc the so,vency e. ~r.so;~~enr~ of sa~d h10RiGAGOR or the defendants, and ihat such
s prohts, ~ncume, issu,s ~nd re~en~es shatk be app:ied 'oy such Rece~+cr ac.urd~ng ~o the lien or equiry of said I'AORTGAGEE a~d the praclice of suth
8. Tc dv'y, fr:~:-; *:Y cnd fo;!y ~:er'o~~r, d~scharge, Pxecu~e; ef4ect, complete, ccmply with and a6ide by each and every Ihe sripulations, agreemeMS,
i~ ona ar.d c.:~e-~e„r. ;n i p:om~ssu~y : e~e a~ad tn:s r~ortgaye s~t fortfi.
'v. ?hat ~h~ e~-~ the _ r.~:-•s~.:r o~ tF r::criq~ged prr~~~ses, c: anv part thereof, becomes vested in a person othet than the MORTGAGOR, the :
?AGEc s_~:c<s:urs . d ass._ ~~~ay, ,n,.~hc r, ~nr ~.~GRTG~OB, deal w,th such successor or successar in ~nteres~ wi~h reference to this `
, . ~u: r~~:,~„> ~
•3,yc .~~.d d,'~t r.r~r~~ sec<:ec!~~n ti~c same na~,,~.r as w!rh :..,rryegor x~thovt in a~y way vitiating or dizcharging the tJbrtgagori liability here-
or ~~o~ tf~.~ d~,~:~ h~~reb, s_v,:~.d ":c sa r. cf ::>s ~_:_b; mcrtgagru' and no {orbearance on !he pa~t of the MORTGAGEE or iis sutteswrs
_:,3~~s a:~d s or cf f`,c re 'c~ •F~~ ~,..~~t ~~t ~t ~ ri~ h+ h•• __~y sewred p.-er. by tne MORTGAGEE or its successors or ass~gns, shal{ operate
_.:se, d.scharge, r,od;i~ cna+,.3._, or a'tect the or.:g,r„i iiau.;:~~r of tne M,ORIvAGOR herein, either in who:e or in part.
lU. Ir is SDCC:~•=3 i~ :,g•eed s%~at t~:~,r ie of ihe rssence uf rh~s contract a~~d that no waiver of any obl~gaNon hereunder w of the ob!igation se- '
_.•:d h:reby shai: a? any t~:~~r ~n•_reai~cr he°d to be a~v~~~rr oi tho !erms herecf o: of the instrument setured herby.
I 1 (n i:i t.~. i•., rn-~ :or. q:, ~ ,~;a; :~~ta ef c;»! and in',:est requlred I:y the prom:sscry nore secured hereby, mor+gagor eovenants
•.~,-ees }o ;~ay ro r,o-ra.•;:e~, v.~~i~ ~;,r, „ on~h'y i;a,~ e~f su~, rst ~r.ar.~d b~ mo~tyagee to be equal to 1;' 12 oi the ann~al cost of the foltow-
A--si!{ ~ee~ c,r~p_•ty !axa; 'e::, ~ c. ass••s~.,:i s! rh^ at,o~e d•_scn~~d re~a! esrate.
& Pr:~:r.~ -s o:i i,.e aod ..~~ds~c~~~. ~:,s~~•~~ as i}r~:-'n r~q~;red To br ca~~~~d o~~ the :m~rovements s~tuate on the above described premises.
i C Pr- ~~~:~~s o:> >v_h e o; t; .ne ~~a•a::!v ~~~su~a~.ce az m~rtaagee sha;! frorr s~r.e ro tune deem fit to earry on the loan sewred hereby. ;
p r,•:~ityag:~ s: '•c:>, r: tr t:~~~e r.c~ f; mor~yage• ~n ,~v~it~ng of 1he aT.ount dve and payabie hereundar and s~ch wrn shall the~eupon be due and ~
~Je on the d.e o•~~_ er t~>_ c_xr r.cnth,y F:sy~•::rn~ and ezch w:crss:ve n,.~.th theree?~^r un!il mortgageP sha~l notify mortgagor of a ehange in such
€ _:~r. Suc4 sums s~~n~: te ap~~-~ie~ cy mor!aag~.e tcr.ard th•. pa~ment of rea! prcperty taxes, insurance prem;ums, a~xl mortgage guaranty insurante
{ . ~ :vr.~,y. . i
~ iN ~'~iTti SS '1rHER~GF. r~~ s tl,p GOR has hareunto set nis hand a~d s~el the day and year first a(oresaid. {
~ ~ ig ! d vered r of: = k~~~apE~ ` ~ f
~ \ - NIEu~ K:,~~kTY ft~• ~ I I
, (Sest)
~ - St. Rc~,.:: ..o„R~S t , i cen e ~ i
CLf ~K C:~ :u~T ~~yR ~ t5ea1) i
- ~C~ .i I: ~ (Sean i
~ D era ine . pec e ±
R ~ ~ 1 (Seaq i
~
+c OF FLORIOA ~t 3~5531
•;'Y OF St • Ll1Cle---------- ~
8efure me personaP~ appeared _ V 11tC@T1 t E. Spec ia le . a~ `
_~;eI81d1l:e P._Speciale his wife, to me wefl known and known to me to be '
• u:dividuals descr.ced in and who executed the foregoing instrument, and acknowtedged before me that they exewted the same for tFie purposes
-e n expressed. And the :a~d__.________ Geraldine P. Specia le
of ~fe :~~d _ _ Vincent E. Speciale
vpd[t aepK~{!~ and private
nat:o~ by me taRen sera~aee ar,d apart frem her sa:d husband, acknowledged to and before me that s e executed said',iiqifijwll~itf; frealy~~nd vol~t~1
~ and w ihovt any :a-~p~ivon, co~stralnt, apprzhens:on, or ar of or from her hu ~ ' ~'•i
~ ~ i , ~'r
~ Y~iih~55 my hand and off;c~ai sea{ thls. _ day of_ ~A( ~f 19 L_-~
~ _ ..y, -
X. / ^ ~
: ary Public in and for tt+e •Fwri a lar~ I
, ~
~ ommission eapires: . ~ - _ - : ~
~ ~ ~ • 1
Retum To: ~ " ~ ~ ~ • ~ %
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+y
rst Federal Sa+i;~~s 3 loan Associst..,.. i:- :~`.,w~~ #
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pc c~~:r P ~:c,~ ••~..:•r`~ r
~ ~ Fort P~,~~ce. Ficr~da ' . _ ~i+•
~ ~Y,C ~u~%~~,~,b.~-
~ ~1? Mu..;oar~ ~,n °n' Z7. 1~Tp ~
6 Cvtvaltx p~;
7his Instrume~t Prepared By ~T. HSl RObel'ts~ Jr. ~
First Federal Savings & Loan Association ~
~ of Fort Pierce~ Florida
#
Checked By~__- --~-~R c~ ~r ~
BOOK ~J8 PACE 94 1 ~
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