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3. To p~ac~ a~d condnuously keep on the bu~~dings ~ww or herea(ter ait~a~e on sa~d land and on all rquipmem and personalty covered by thit mortp~
ega, with •II pren~iumt therton pa~d in fult, f~re insuia~:ce in Ihe usuai standard po~~cy form, in a sum epproved by t1~e MOR~GAGEE, a~d wincis~o~m
~nsur~nc~ in the us~al standard pat~cy form, in a sv~n •pprovad by tM MORTGAGEE, in such company or companics at 1M MORTGAGEE may
d~rectj and al~ (irs and windatorm insu•ance pofldee on any o( said bu~ld,ngs. any imerest ~herein w psrt Hwreo(, in th~ ~gy~Qgds wm aforssaid w ,
in excess ~hereof, shail con~ain the usual standard mortgage~ clauie a such other uause ~s the Mor~yagee msy requ~r~, makinq the Iws under sa~d poli-
c~es, eath and evrry, payab~e ro said 6~ORTGAuEE e~ ~ts intrrrst may appear, o~'d rach and avery such p~!icy ihall be p~omp~~y ass gned and delivered to
any held by said htORTGAGEE as turthar iewriry to saiJ mo~tgage debt, and, no~ leu than ~e~ (10) d~ys in advence of the expiratia~:of each policy, to dr
1~•.er to said MORTGAGEE a renewal ~hareof, toy~ether with a rece~pt for the promlum of such .enewa~; and ~hara shaU be no iirs or winds~orm insurae~c~
plxed on any of said buildi~gs, any ima?es~ therein or part thercaE, unlca~ ~n ~ha form and wah the loss payabte as aioresa~d; and in ~he eveM any sum
oi mon~y becpnet payable under wch policy w pol~cies said MORTGAGEE ahall have ~he opt:on Io rcceive ~nd apNly tlx same on accouM oF Ihe indebted
ness secured Ftareby or ro permit sa~d MORTGAGORS to rrceive and uss it or o~~ {.art th~:eof for orncr purposea, v,:~hout th_rti,! wawb~q e~ ~mpai~•
~ng any equity, lien w right under or by virwe of this mo-:gape; u+d in the even~ se~d M~RTGAGORS shall fw ~ny rea~on fait to keep ihe ssid premisas so
~~~sured, or fail ro drlfve~ promptly any of sa~d polKieZ of inwrance to uid /~AORIGNGEE, w fail pramptly to pay fu11y sny pre~~ium ~F.erefw oi in any
respKl fail to paFam, d~scharge, execute, eHect, tomplete, <anply wi~h erx) ab~de by th1~ tovenaro, a any par~ hrreot, said MORTGAGEE may place and j~~
pay (a such insursnte or arty part thereof wrthout waiving w afiec!ing any oy~~on, iien, cqu~ty, w r~ght uade? o~ by virtue of this Mortgaye, a++d the
fu11 amount of tath and eve~y s~ch pay~nent shell bc i~nn;~diately due and payabte and shall bea? intereat irom tho dals thereof un?il pr~d at ths ~att at
•::~e pe~ centum per annum and to~etF.er with wch ~nt:r~sf shati be srcuted by +he :ien ai th~s mortg~ge.
1. To permi~, commit w suffer no waste, impaitment O~ ckte~iotation of said prope.ry w any pa.t thereof.
S. To pay atl and singula? the costs, chargea and expensas, inciud~ng a reasonabte atiorney i Fe~ and coati of abstrxts of title, intwred w p+id at
any ti~»e by sa~d MORIGAGEE, because or in thc event of tht fa~iure on t}~e p:.~t of the sa~d MORiGAGOR to d~ly, promptty and fully perform, diuharge.
e.ecute, effec~, complete, compfy w~th and ab:Je by each and every the s~ipulat~ons, agreernents, cond]t~ons, aod covenants of said promissdfy note a~d ~hii
no~rqaga any or ei~her, and sa~d cests, charges nnd eapenscs, exh and evcry, shali be immed~ately due and payable; whe?her a not there ~ ootite dr
n:ond, artempt to coi{ect or sult pe~d~ng; and ehe full amount of each and every wch paymem ahall brar imzrosr from ~he date thcreuf until paid ~1 the
c of nlne per caniuin yer eni~u:n; ard a1i said tosts, chargt~ and ex;,r~~s°s ir.tvrted o+ paid, tagether w~lh such iMlrest, shall be secvred by the lien of thi~
mcrtgsge.
b. That (al in the event oi any breach of this ~lwtgaga or default on ~he part of the MORTGAGOR, or (b) in 1he evenf any of said sums of money
herein referred ro tx not pranp~ly and f~tty pa~d v.nh~n thuly (30) days nex~ a~re> >he same sevua:ly become due a~d payable, witFw~it demand w notice,
cr (c) in the eve~t each and every the stipulat~o~:, agreements, cond~tions and covenants of sa.d pranissory note and th~s mortgage any or either sre not
i~!~, pranptly and fully ~:r(o:med, d scharg•:J, e~ewted, eftec~ed: tompleted, ccmNi,ed v.~~h and ab~d>d 5y, then in e~fher or any such eveM the sa~d ag
;rc•~ate sum mentioned in said prom~ssory note then reme]n~ng unpaid, with in~e~r_r 3ccrued, a~d atl moneys ucvred hereby, shall become due and pay-
a!,.e forthwith, w thereat~er, at the op+~on of s.::d MORTGAGEE, as iully and compiet~~{y as ef alf of the said sums of mo~y were orginally stipuiated
he pa:d on suth day, anythirg in sa.cf p~o:nasory note or in thia Mwtyag= to the cororory nelwithstanding; and thereupon w thereaft~r at the option of
s, d MORTGAGEE, w~ihout not~ce or de~~atid, s~~t at law o~ in equity, therefore or tl:ercai~er begun, may be prose~uted as if a~l monoys setured hereby
n_:d matured pr~or ro ds ins~itu:ion.
7. That in the event that at the beg~nn:+ig or at any hme peoding a~~y suit u~ac+n this Mwtgage, w fo foretlose it, ot to iefwm it, or to en(orce
;^zent of any c!aims hereunder, sa~d t1!GRTGi+v_F sha'! appty to the Cour~ havi~,g ~u~~sJ ctlon rhereo! for the appointment of s Receive?, such Court shall
,,;rrhwish appoint a recciver of sa~d mortgaged p+operty a1; and sir.gvlar, int,ud~r.g ai~ and si~~uu~ar the income, prolds, issues and revenues irpm whatever
s~.,-ce d.:rived, eath arxi every of w'ruth, be~r+g e?press'y understocd, is herrby moryagrd as if spet~fitaliy set forth and dew~bed i~ the grantin9 snd
h~bendum c`avses hereof, and svch Rece~var shak ha:r all tFw broad a~:d efFect:~e iv~.t ons end power: in anywise entrusted by a Court fo a Receiver, and
s_:h appo;n:menr shalE ~,e made by wch Ceurt as an adm,~trd equity ana a matfer of ahsc!We right to aa~d MORTGAGEE, a:~d withouf reference to the
~c:_qvacy or inadeG~acy of the vaiue oi t!w proper+y rtw~toaged or to ~i-.e so.~•~~~:y or ~~}:o'.•.rncy of said MORivAGOR w the defendants, and ~hat such
~_•+s. profits, income, issuei and re.enues anal: be appl:ed by svch Recawe+ accurc+ng ~o the lien or equity of said MORiGAGEE and the practice of such j
~CJfI. ~ t
t
B. To duly, p!omptly and tv!~y perform, dis-haroe, execL+r, effect, complcre, compiy with and abide by each and every the stiputations, sgreertKnts,
.::,d~trona and covenams m sa~d promissory rtore and th4s ~7~orrgaqe set forth.
9. :har in tbe even~ t~ ownership oF the ~r.~~tgaged prem~ses, or any parf thereof, becomes vested in ~ person otFxr than the MORTGAGOR, the
1~RIGAGEE, its svccesscrs and ass~.~r.s, may, w~~no~t nm~ce to tne .`.50R:GAOR, deai vrith such successw w successw in interest with reference to this
.:~!gage and ~he d~bt h.e•_~by secured in the same ma~,ner as wlih tAo~tgegor wit?w~ut ~n any way vitiating a d~uharging the AAartgagors' liability here- ~
d rr or ~pon the d_bt h:retr~ sewred. ho sjte of the ~re ~usei hereby n~ortgaged ar.d no forbearanee on the part of the NIORiGAGEE Or its suetessors `
~r ass;gns and no extens+un of the time to. rhe payrrenr of ri~e debr hrreby sec~red given by the rAORTGAGEE or its suceeasors or ass~gns, ahati operate . ~
ro re~ease, d~scharge, rrwd~fy cfiange o~ aftect the o~~ginai lia;,:t:ty of the NORTGAGpR here~n. either in whole or in part. ~
10. It is spec~ficalty agreed ~hat :~me is of the essence of fhis contract and that no waiver of any obt~gation hereunder or of the obl'gation se- ~
c_red hereby shail at any time ther_afrer be he!d to bc a waieer of the terms hereof or of thc instrumem secured herby.
I t. In add ~~on 'a che iorego:ng mon+h'y paym=ms of princ pal and interest reqv~:ed by the promissory nore secured F.ereby, mortgegor tovenants ~
f
~~:i ag~ees to pay to r.:o-~g~gee v.~th e~ch ~no~~~hiy f:a;•~,ent an add~i~onai sum est mared by mortgagee to be equal !0 1;- 12 of the annual cost of the follow-
~
A-Al) real p~opc•ty taxrs ~evied or assesr_~ aga~ ~s` thc above dex~~~e d reat est~r?. ;
6-Pr~miums on E;re and w~ndsto-m u~swa:•ce as ~etc~n requlred ro be carriFd o~ the ~mprovements situate on the sbove desaibed premises.
C-Pre~r.ivrns on such morrg;~e guarenty irsurar~ce as mortgagee shail fror.: :'rr:a to time deem fit to tarry on the loan secured hereby.
hlortgagee stie~i !+om ri~ne to ti:ne no+;fy n:o~rgag~r in wri~~ng of the am~unt d.,e and payable hereu:Hier and such sum shall thereupon be dve and
4 .,,n:e on the due oa!a of tne neat mo~tn:y pzyment ar,d each successi.r month rhereafier ur.til mwtqagee shall rtotify mortgago? of a change in such
4 ,ont. Such sums shali be appt~ed by mortgag~c to•hard fhe ~ayment of real preperty tazes, insurarr_e prem.ums, and mortgage guaranty insvrance
f . - ^.~VRIS. !
~ I, WIT~1E55 V1HERcOF, the said NORTGAGOR has hereunto set his har.d and seal the day and ear first a(wesaid. ~
€ +gned, ' a~ deiive i e presence of: '
" F~~.[a ~N=~ RECO~oEo
~ tT.LUCcC COUM?Y fL~- ~ se c
- FOQE~ -~i ~ R?5 lSea4
E Clf.f~K Cli•~ JIT COURT a0
~ RFCQR" ~~.-.~~E'J.~.-~'~ g~ C
OF FLQRIDA - MA 6 It 33 AN'75
_ :;,vTY OF ~ ST. LUCIE--------- i ~ ~V ?~~~7
~ JOSEPH J. LACH
Before me personally appcared _ and
P'1p?RY ANN LACH his wife, to rrse well knawn and known to me to ba
i~ _ individ~ais deuribed in and who executed the fore ang instrument, and acknowtedged before me that they executed the same for the purpose~
_ e~n expressed. And the said ~N
~ JOSEPH J. LACH '
~ ::.fe of ~he sa~d - upon a~P~
r,s~eZnd~~iie.,,,
nat:on by me taken separa?e and apart from her said husband, atknowledged to and before me that she exetuted said instrume~l~ttnely and'vol~
~ :y and w~thaut any cornpu,sion, conseraint, apprehe~ qp~w fear of or from her said husbarr.l. ~
;l/ITNESS my hand and offiua! seal this______ day of_ ~Y _''~:_,~a.,~. 1"~~~.• #
* ~ _ ' ~ f
~~1~~ e ~ ~ e _ . _
~ ~ Notary Publ
i~ for the State of ~ ' ~
~ , _ - _ O ~ - - . My Comm~ssan eapires: a ~ , ~~s ' ~ _ ~'an ~
~ STAT~ ~L.C7RiC7.L , : _
. , ~ . o . • a
~ ~ OO:.t~MEtiTARY,~- ~ ST At:1P ~ ' 0 ,
''~~'~~s~ci~'~ .
~ ~ c~ SiE e' I. sF Nf VENUL • 'Z ' ~ : -
~ _ 6 9 7. 5 0 i '~?~~,~„?.,.~•~:s-.
_ r:a: -0'1•• . ,,,j~ - l.
~ M P 3. . ~ • _ ~ t
f
~ .s.
~ THIS INSTRUMENT WAS PREPARED BY
~ This Instrument Prepared By fRAt~K fEE - FIRST FEDEFUI. BLDG.
~ First Federal Savings & loan Association fORt PIERCE, FLORIQA
- of Fort Pierce
~ Checked By - '
~
~ aaoK ~9 Q~cf 5?~ `
~ ; ~
~
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