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To-pl~u and ca~tinuoufly k~tp on tM bui;dinys now w he~eafta ~+twr~ on said land and on all equipmsnt and personally covered by tAit mortp-
sge, with ~11 premium~ tMreon ps~d in i~ll, Iire insurance in IFN uswl standard policy fo~m, io • sum approved by the MORiGAGEE, ~~d wind.torm
~nsuranc~ in tM uiwl itanda.d pol.cy fo~m, in ~ sum approv~d by tM MORTGAGEE, in wch company o~ compan~~a at th~ MORTGAGEE may
du~ctj Md all iK~ u~d windifam inwra~c~ {~iCNf on ~ny o( said buiWN+pi. ~ny i~ter~sl the~ein w part thrreoi, in the a~rey+t~ wm aforeiaid w .
~n exc~ss Iher~of, ~ha~l conuin tM wwl stand~rd mortya~ dav~ o~ iuch otha dauss ~s th~ Mor~9agN may ~aquu~. makirg th~ Iws unda s~~d pol~
cie~, eath and ~ve~y, payabl~ b aaid MORTGAGEE ~i ih intere~l may appear, and each and eve~y •uch policy tihall be prompHy au gned a~d dslivered to
sny held by s~id MORTGAGEE iw~her a~curity to said mortyay~ debt, sod, not Isu than tsn p0) dayi in edvanc~ of ~M expir~tlon of e~ch policy, to d~-
I~ver to uid NWRTGAGEE a renewa) tht~~of, topNhN with a reteipt iw fhe pt~mium of such renew~tj and 1hsr~ shsll be no tir~ or winth~oroA insuranc~ -
placd on ~ny oi ~id buildinp~, ~ny interat tl+K~in a pur thareoi, unlau i~ ~he form and wi~h the lou payab!e ~s •(wesaid; and in th~ event any sum
of mon~y beco~ma payaW~ und~ ~uch polky or po~;c;~s said MORTGAGEE shall Mw ~he opuon to ~sceivs end ~pply tM sa~TM on auoun~ of th~ indcbtsd~ .
neas iecured Mr~by or to permit said MORTGAGORS ro rec~ive and us~ it w any pa~t ~hereof fa o+her purposes, vi;thour ~hereu~ wc.v~~ig or ~mpair-
ing any pviry, li~n w ri~ht w+de~, or by virtw ot this mort~a~et ~i+d 1n 1M ~v~nt uid MORTGAGORS shall fw a~y reawn fa71 to keep the said premises w
irsured, p fail to delivat promptly any of said polxies of insu?arK~ ro said MORTGAGEE, w fail promptly Io p~y fully ~ny premium theretpt p in any
.espect fail ro pNfwm, disch~r~, ~xecuts, ~ffetl, complet~, comply with ud ~bid~ by tht~ cover+ant, a any pa~t hcreof, satd MORTGAGEE may place a^d
pay fa iuch insur~nc~ w any part the~eof without w~lvinp or •Hectinp any optio~, lien, equ~~y, or ~ight unde. o~ by virtue of thii Mwrgaye, ~nd tF~c ~
futl amount o1 eacA and ~v~ry i~th p~yment shall be immediattly due and paysbl~ and shall bear interest from the date thereaf until paid at ths raro ol
n~ne per ce~fvm pe~ anrwm and roge~he~ wifh ~ucA interes~ ihall be ucured by tM lien of thi~ mortgsge.
To p~rmtt, commit w wffer no waste, impairment or deterioration of uid propaty a ~ny part the~eoi.
5. To pay ~II ~nd singvlar tl+* cosy, chup~s and expsnseti incl~dinp a rtasonabk anorney i fre a.~+d coit• of abstracu of titts, incurr~d or pa;d at
eny time by said IVIpRTGAGfE, becwsa a in the tvent of the failure on thc part o( tM aaid MORTGAGOR to duly, prompNy ~nd fully psrform, dixha~ge.
executs, ef(~ct, tomplers, comply with a~d ab~d~ by ~ach ~nd evsry the ~ripulattona, a9recmenb, tondirions, snd covenanti of ~aid promiswry note and this
morrgsge any ot ei~her, and said cosy„ cMtp~a and eapensei, e+ch ~nd wary ihall be immediatety due and p~yabte: whether w not there be norice ds~
mand, aptmpt to collttl a wit pw~d~~g; snd tM full amounl ot each and wery such payment thall bear intersst irom ths date tMreof uMil paid ~t the '
r.+re of nine per centum per snnurn; and all said ws+t, cMrges and expenses intwred a paid, togesher w~th suth intersst, ahal! be setured by the lien of thu
mott~age,
6. That in the event of sny brcach of th~ Mwtgags or default on the part oi the MORTGAGOR, w(b) in the eve~t ~mr of ~a~d sums of money
herei~ ~~fared b b~ ~ot promplfy and fuily pad within thirty (30) dsys nexl aft~~ fhe sart~ teverally become d~e and payaWe, without demand or notice.
or (c) in tM wenl each and sva+y ths stiputatarv, apre~me~ts. conditioro and covenanrs of ss~d p~omissory ~ote snd th;a mwtpsp~ any a tither are no1
i~ly, promptly and fully perfwmed, d~scharged, executed, efiected, completed, complied w~fh and abided by, then in e~~her w any such event Ih~ tsid ag ;
~~egate ~um menYaned in said p?omissuy note ehen ?emaininp unpa~d, with intcrest accrurd, snd all moneys tecured hereby, shall becwne due and pay-
ebte iwthwith, or theresiter, at fhe oofion of said MOQTCaAGEE, as ~uity :nd c~~~_r._~y e. 4f ait o! !?~e s~~d av-a af :norcy sn,-cre az:~ir.a'.ty sr~~~:ated
ro be pa;d un s~cA day, anythiny in sa~d promissory nofe or in this Martgage to ~he contrary notwiths~anding; and tlxreupon or thereahe~ s1 the option of
ia~d MpRTGAGEE, without notice a demand, svit at law or in equity, thcrefwe w thcreafrer begun, may be prosecuted as if all moneys secured hereby
nad matuted pnor lo its institution.
7. That in the event that at the beginning of or at any time pending any su~t upo~ this Mortgagr, w to (wectose it, or to refwm it, or to enforce
pa~ment oi sny claims hereunder, said lNORTGAGEE shall apply to the Cowt heving juri~d;ction thereof fo: the appointment of ~ Receivrr, wch Court shall
fc:rhwirh sppoiM a?eceiver of said mortgaged property al! and sir~ular, includ~ng afl and singuiar the income, pro(its, iuues and revenues irom whatever
sc~rce derived, eath ~nd every of which, it bciry expressty unders~ood, is hereby mongaged ss if tpec~fiully set fath and destribed in the qrsnting a~u!
ha6endum clauxs hereof, and svc)? Receiver s!wl! have all the broad and effect~ve iunct~ons and powert in anywiie entrutted by a Court to a Receiver, and
s_ch appointment shall be made by such Covrt as an admitted eQuiry and a matter of absolute righf fo seid MORTGAGEE, and without refere~te fo the -
edequacy or inadequxy ol the value of the p~operry mort9aged or ~o the io~vency or ~nsowency of said MORiGAGOR o~ the defendants, and that such '
renrs. profits, incane, iswes and revenuei shalt be applied by such Receivc•r accord~ng to 1M lien w equiry of said MORTGAGEE~and tRe practice of such i
Court.
8. To duly, promptly and fully perform, d7xhuge, execute, effecL complete, comply with and abide by e~ch and every the stipulations, agreemenri,
:or:ditiora and covenants in said promissay note and tnis mcr~gage ut futh.
~~ei in i~e ~ve~i ine ownersnip oi the mortgaged premises, or any part thereof, becomes vested ln a penon other thsn the MORTGAGQR, the
ti`GCTGAGEE, its succeuws and iu~gns, may, w~?how no~ece to the h10RTGAOR, dea! w;~h such successor or successor in interesl with reference to thia
r^o'~gage and the debf hereby secur<d in the ssme manner as with Mortgagor without in sny way vitiatiny or discharging the Mortgagors' lisbilify here-
u~oer or upon the deb~ hereby secured. Mo sale of the premise~ hereby mortgaged and no torbearance on the part oi ths MORTGAGEE or iri successors
r ass~gns and no extension of the time for the payment of the debt her.by secured given by 1Fx MORTGAGEE or its ~uccessors or auigns, sMll operate
ro re!eax, d~xharge, modify change w affect the orig~~al lia'v~lity of the MORTGAGOR herein, eifher in whole w in p~rf.
10. It is specifically agrecd tAst time i~ of the essence of this contract and that no waiver ef any obliyation hereunder w of ths obli~ation st
cured F?ereby shall st any time thereafid be held to be s waiver of the terms hereof or of the instrumenl secured herby. i
1 L In add;teo~ to the forego:ng month!y payments of princ'pai and '+nte~est required by fhe prom~ssory note secured here¢y, mortgagor tovenants
a~d ag~ee~ to pay fo mortgage~ wi~i? each monthly payment an addiri«wl sum eat~ma~ed by mwtgagce fo be equa! to 1~ 12 ot tfie annual cost of the fo~low-
A-All reat property taxes kv~ed a assessed apainst the above dbscribed_real esr~te. ~
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8-Premiums on fire and windstotm insura!:ce as herein requ;red to be cirried on the ;mprovernents situate on the ebove desuibed prtmises_
C-Prrmiums on such mortgage guaranry insura~ce as mortgagee shafl frnm t~me ro time .deem fit to csrry on the ioan secured hereby. . #
HLortgagee thall irom time to t~me notify mortgagor in w~it;ng of the amount due a~d payable hereunder and :uch wm shall thereupon be dve and
v~ble on the due date of the next moneh!y payment and each successive momh thereafrer ur,til mortgagee shall notify mortgagor of a change in such ~
~~oum. Such sums shall b~ applied by mortgagee ?oward the payrcer~t of real property taxes, insurarxe prem:ums, and mortgage guaranty i~surance
.~:~emiums.
fN WITNESS WHEREOF, the said MORTGAC{JR has hereunto set his hand and seal he day and year first ~fwesaid. ~
Signed. Sealed and delivered in the presence of: f1~E0 t~~. :.f/R~~ •
' _ fT.~Uf ~:ruNTir FIA.
Pi;~ _ = '0,'RAS ~ Seaq
~ _ _ - - CLE~~ +.tr.± ~OURT , B•
Sea!)
f - R~f.;)f•-'e:'.c1cZ i ~
; _ Carol R: Matala
~ ~TATE OF FIORIDA ~ ~ ~r r~f'
' r~ur~rir oF _ St. Lucie 30'7~63
f
~ Befwe me personaliy appeared .I~Ca ~ttila s
~ _ Caroi R• ~ttlla his wife, to me well known and known ro me to bs i
r':e ir~drvidwls deurikxd in and who exetvted th~ faregoeng instrvtrunt, a;.lcnow;edged befwe me that they executed the sams for the purposes ;
~ rherein expressed. And ths sa~ ~r01 ~L• Htt{J1A t
. ~t{ll i f
: r-;`e of the aid Ja~Ca B. upon a separate ~od privet~ ;
= n~ am;nation by me taken sepsrate and apa~t from her said husband, ackrawfedged to and before me that sF~e executec ssid instrument freely and volun-
f ..y snd w~thovt any compulsion, tonstrair,t, apprefiemion, w fe o{ ~ lrom her uid husband. ~
~ WtTNE55 my hand and official ~esl this ~ day of Mi A. D. 19-~s ~
A .
~
• Notary PubIK in and t tate of Floride tl larpe
; ' My Commiuion exp' •
Return To: '
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` Fi~st Federal Savirgs 3 loan Association ~'1O~~Y ~+~r„ SloTc ef fi-,-3~ al [orx .
Of Fort P~erte. ~'Y Commi:;:on E;,•..cs y?~ 1977
F'ort Pierce, florida ~~ed }'y ~m°r::°° f're ~ Go:wT7p G,
0
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~ This Instrument Prepared By Gary F. Elltrood .
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~ First Federa! Snvings & Loan Association ~ : -
; of Fort Pierce ~ Flo=id~t = 1=~ .
~ Checked By ~ ~ c~ , p• _ J -
° 800K 2Jc'7 PACF1374 } ~
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~ . , - x . ''/f'r~~~~ i 1111 1
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~ ~ '~ju ~'~r" ~ - w. ~ ..-.3~'..
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