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3. To place and cune~nuously krep on ~he bu~'dings now or i,rreef~er ~iwa~e on tie~d land and on al; equiw»ent snd perwnally covered by this matg~
ege, with all ~uemiums ~hereo~ pa~d ~n i~~i, f~re ~nsv:..~ ce ~n ~he usu~i ssa+xlard F~~~icy fonn, in a s:m ap~ared by Ihe MURiGAGEE, and wn~torm
~nwranc~ in tIN usual standard pol:cy forrn, m a wm app~uved by tht MORTGAGtE, in auth company or tompsnie~ ~s the AM1ORiGAGEE ~
d~rech and aQ (ire and w;nds~orm insurance po6urs on any of s~id build~nys, any imerasl Iherein w parl thereof, in the a99regate au~n aloresaid O?
, in excess thr+eof, shsll ;onra~n the uwal s~.,rdard mweg,gee da~~se w wch orher cleu?e si th~ Mortgsyee m~y reqv.r~, maAirg Ihe loss u~uler ie~d pol~ ~
c~rs, each and every, payab!e ro saiP ubJRTvAGEE as ~ts ~mrrea~ mey appear, •nd cach .,nd every such po:;c~/ shalt be promptly ass yr.ro and deGvered ~o •
any he~d by u~d MpQTGAGEE as fu~ther securily ro said mo~~c~age d~v1, ard, not les~ ?tian ten (101 days i~~ advan~e of the axpua~~on ol each pohcy, ro de-
I~.er fo sa~d MORTGAGEE a renewal thereof, to~e~her nith a n~ce~pt fo~ the pre~nium of such ~enewal; and ti,rrc shall be no fire or winds~orm insura~K~
placed on any of sa~d bvildmgs, any interest there~n or pa~t rhereof, ~niess :n ~ht form s~d w:th the loss paysLle as aforesaid; and in the evenf ~ny sum
of money becp.met payabte ~nder such po~~cy a poGcies uId 1dORTGAGEE ?hail Mve the opnon to receive and apply the same on account of the indebtcd-
nrae sec~red h.:reby o~ to pernut sa~d MURiGAGORS ?o recewe and use ~t « any ;•,,r~ rne:~~ol to. o~i~.•. Hur~:esrs, .v~~ha.,t ~h_.~i,r wa~~n.g e~ unpair-
~~g any equ~ty, I~rn d right under or by virtuc of thfs mo~'gage; and in the event sa d MORiGAGORS ahall fw any reason fail to keep the said premisrs w
:~uwtd, or fail to dc~~vcr µromptly any of sa~d po!~c~es o( ~n?~ro~xe to said MORTGAG~E, w foi! p~omptiy lo pay fuily any prrm;um lherefw o~ in any
r~~sF~ec1 tail to perfwm, d~sch~r;e, eaecute. e~fect, conip:ete, co•,~pty wuh and ~b~de by th~s covenant, o~ any part hereof, said MGRTGAGEE may place s~d
r~-~ +o~ s~ch insurance or any ~,art ~hereof v~:rho~~ waiv(ng or a(fecting any option, iirn, equ.ty, or right undr w b~ virtue of this Mortgaqe, and the `
_ ~ amount of each and e.r~y wch pay~~:ent st:a!! te ~~~:mediately due and payab~e a~~d shall bear interev irom tha date thereof ur.til paid at the rate ol ~
. per centum F.er amwm :~eid tug,•:F.~ ..ah s:~:h i:vr,,.y! ehau c•~ sa:..r~~d by Ihe lien oi th;s mortgag.;.
d. To permit, commit or su(fer no waste, impa;nnent or dcter~orat~cn of said pro~rly p~ any par! thereof.
S. To pay atl and sinyular iF,e coats, charges and e,epenars, ~ncludi~~g a reasonable atror~ey's fee and costs of abatracts of title, incurr~ o~ p~id ~t
;~~~~.a by sa~d htCR?GAG'.E, becduse or m~he e~r~r of ~1,.~ fa'u~e on nc~ par: of ~he s,~d MORiGaGOR ~o duly, pra,.pHy and futly perfwm, d~scharqe.
..:~re, effect, compi~te, co~r~p[y w~~h and abde by each and every the stipu;anons, ag~.:e~nents, condltions, and covenants of said promiswry note and thii
_~~gag> any or ei~ner, a~d sa d costs, cha~grs and .~xp~~~ses, each and rve-y, s,~a~l be im.med~ate~y due and payable; whether a not there be notice do-
,n,i, attanpi to co:iett or s~it ptnd~ng; and ihe fuU ,rmovnt of each and e~ery sucfi paymeM snail bear imerest (rom Ihe date thereof until paid N the
~~ne pe~ c~nt~~n F~r ar.::; ~:ic ni: s.ud c,•;rs. ct~a~~rz ~•,:i •.ap~~:ses ~~~c~rred or p;~d. toc3ethrr w~th such inte~es~, sMll be setured by the lien of thi~
r:ortgaye, i
b. Thaf ta) in thr event of any breach of this J~lorrgage o~ defaut! on tiw pa.t oi the MORTGAGOR, or (b) in the event any o1 said sums of money ~
hrr_in referred to be not pror.~pHy ar.J f~!ly paid •.v~thuz th~Ay {30~ d.;rs nral a'tcr Ihc aa.^.~e severa!!y become due and payabk, withOUl demand O? notice,
:1 in thr r+en~ each and every the s!~pula~~ons, ag~re:nrnrz. cor.dr,~ens and covenants ot sa.d prom~awry note and th~s mo~tgage any pr e~ther are no1
c romp:iy ar,d 1~t!y acrforn:~•~, tl s,`ar e~cc~ted. e~fected cor~:,;:e;rd cc,r. 9.
9 p:.ed v:~th a~~d ab~cied Sy, then in eirher er any such event the sa~d a
;are s~m menboi.ed in sa:d rrom:ss~r, n;;re th~n re:na,n~:zg ~n;,a~d, wrth ~:~te~r~t 3c.r~ed, and a~l moneys xcured hereby, shall become due and pay-
to+thwith, or tnereaft~~, ai ~he op•~c•n ot s_~.d AtORi;',At',(E, as f~s:i a::d con~~:. ~~`y as i( ali of t!~e uid sums oF money were orginelly stipoiated
Fr•d o~ wch ciay, anyth;na ~n sa-d ;ru:~ :ssory note or in this N•e.tgag:~ tv ~he co~v~a~y nofw;th3t~nding; and thcreupon.or Ihereafter st the option of '
, ~ 440RTGAGEE. ri~~i:cut noticr or aen:..+,d, s,~t a+ ~,.v, or in equrtr, ~her~fe~re or iftfhratt~r may be proaecvted as if all moneys secured hereby ;
,i n:ir~red nr~or ro ~•s inetkrc•~on.
7. Ttat in th~ ev•_nt ri:ar ,i; tn_ 6-•yinn ~eg •,t ~r a! any . e r~nd~:~5 ;:ny w~t i:FOn M~is Moityage, or to fweclose it, or to reform il, or to enforee #
•.•;-,f of any c..:~r.s hare:,r.c:r, s~ J:'~RTvi.::_ti ~~~a;: .,F.p;y r~ ~n~ C;~r~ ha:.~-g ,c nd c~,on u~crecf ier the appo~ntment of a Receiver, such CouC shall
..:'h appo~nt a cf s.,~d -."g~~o,i p~c~._ e.. s;^3v~er. ~._u s,~~g~:ar ~i,e ~ncon,e, prof~ts, issues ar.d revenues from whatever
~ , ci.nve3, c„ ~ a. '1 e.ery of wh th. g ~;s'r ~.::i~rs~~. c e t ~~.:,,~~,3«} as if spec:f~cafty set forth and dexnbed in the granting and +
~)~,r, clavses t r_o`, a~ d svcf: R,cer.e cr e:: ?a,_ a;; ;h< <._ad d eri~~c .e r;, c• ons and povers ~n anyw~se entrusted by a Court to a Reteiver, and
: po~nrrre it :n;ii b~ n:ade oy w:k Coor+ a5 an Nd ^::trd ~•qc~:y ~r:~i o n,ai'.~~ ci a:,s:•vte r~gM to said MORTGAGEE, and witho~t reference to the
.i__cy or icadeq~ar~ of tP~e vs.~e :,i :'r._ pio,rr~y mor!g~ged ar ro ri:.- s~::: .:y or ,n;o~~ency of said ?dORIGAGOR or the detendants, and rhat such
~ > proidrs, inco•,;e, cssu~s .:~.d r~.,nues oF.~.i be ap~~~~d t,i such R~c_~re~ a.:crd..~g ~o ~he lien or equ~ty of said MORTGAGEE and the pract~ce of such #
,,rt.
~
3. To d~'y, prcm~.t;y and fut~y perfor~i, a;scE~~:ge, ewecu!e, effect. ce~~piete, ccmply vvl:h and abide by tath and every the sliputations, agreements, ~
-d'~oni and ecvenar~ts ~n sa~~ prom~ssory ~~ore- ard !his n;o;tgag2 srt fo~th. j
!
9_ Tnat ;r~ fhe eve~t ~he owr.ersh~r ~f N e matgaged prem~ses, or any parl tncrcof, becomes vested in s perwn other than the MORTGAGOR, the #
. ~ 4'GAGEE, irs s«aessors .}rJ asv3ns n 3y, ~•,:•hov~ •~o+i.e ro r~:~ :;~RiGapR, da~: ~,v~~i, _::ch zuccesso~ or successor in inte?es~ with reierence to this
_~,,~ye a~~d t~e d~~bt hereby sew:e~ ~n the same rt,a~~n~r as w~th !,t~ny;gor r.nhour in ar•y way vitiating or d~uha~ging !he ldo~tgagori liabiiity hero- ~
o~ uF,on ~he d_-Lt heeebr secc~ed. ~.o sa.,~ of ih~ Fre~::ises F:reb~ n,ongaard a^d nu fcrbearance or. the pan oi t~e Il~ORiGAGEE or its suecessors ~
•.~~e:~.+s and n•, e,c~ens~on of *he s~:n~~ for ihe ;..y,rrnt of rhe deo~ herrcy sec~•r_~d g~v~n by the tAORTGAGEE or lis successors or ass~gns, ahall operate ~
;o _ ease, cl~scha•ge, mod;fy chanya or a',irct tbe -vr~g~:~ai i~au:Jt~ 01 :~~e /.',JRTGAGUR iierein, either in whole or in part.
1G. It is spec fi;ally agreed tnaf +~:ne is of th.= esser.ce of 1F~~s co•~!racr and that no waiver of any obligatton hereunder or of the obligation se- F
,_•~d hrreby shato a~ any n~:e therear~er '~e hc:d to be a vraivr. of the !ern,s hereot or oS the instrumem secured herby.
1 i. !n a:i.F i•. , ro rF..~ t•r._, c,;.,,~~.~•: ;~ay..r;..•s of p-i^c ,-.ai and i v~•cs! r.r.ui~ed by the prom:~sary no!e secu~ed hereb~/. mortgagor covenants
^~i !o ~:~r to „~.•a.J~r .:~:n ~~arr :-,,..h'•i ;..3,•. En! ar adti uo•~a; sum asr.-.~,tc:+ by mortgagee to be equa: to l; 12 of the annutl cost of the fotlow- ~
A-Ri~ real properry taxes ie::~3 or asseucci ay;iur t%+c a3;_ve aesvf~~d real es!ate.
f
B--~ra•r.:~r.a :n f~r~ ~nd ,v:r,d~;o~n~ ;nsu-.:~~t a; E,~;e;n r,q~.red to be ca~no-d c~ tne :mproveme~ts s~tuate on the above d~saibed premises. ?
C-Pro_,r•i:~~~•s o:i s: _h gua-:~r:!y ;rsu-a~ :e ~r~•igar,~e s~a:~ frc~•. c-re vo ;i•~e dcem ift to ca~ry on :!~e loan secured hereby.
:.lorrg;,g_e s~~•i f.cm +~:..h ro e~~cr.1, :-,c.~ .eg.;- ~n r..~+~r.~ ef the a~- o_~~r dv~ and payabte here~ndrr and svch surn sha!1 tkereupo~ be due and
,:~r on th: ~,e aa!e or ~-a :,etr •~.~-r~ ~,:,i.,;~„ ~~„d eac~ S;JCCtiiStVC -ro~rh tt.ereafr~r ur.Ni mcrtqagee sha~l notify mortgagor of a change in such }
:~t. Such s~~ns shili be ap;•';,:d by n,o~•gag-~e ro:. t'~e pa~:nent ef reaf pr'vpe~ty taxes, insurance prem.ums, and mo~tgage guaraMy insurance ,
,••,s.
IN \11TNE55 '.'iNE~CFOF, ;ne sa d t,'OFiGi.GOR tias n_re~~to ser nis har,d and s 1 the day and yea first afwesaid.
S;g9Y~ ' ~.~lidv ed in the presence of:
~ ~ ~
- ---1 ~ ~J~N~Y ~lA- - , t [t , g Seaq
-f.:r=..~S L an
~ :I:~i L~~I~.Z';~~~
!y n
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"~.-:.~~1-- er ee~ -is er a
; - F ~ c ^ ~ seaq
~ ~-~:.~~F~ lZo~~N'~5
i
` - 3~8521 ~
3
. _ ~iY OF X_/N~ ~ ,
i
Stephen H. Fisher ~
Before me personafiv appear?d - a~
Sherr Lee ''isher his wife, to me well known and know~ to me to be
'.::d~vid~ais d:~s:nbed in a:.d who er.ec~ted :he foregoing instrument, and acknow:edged lxfore me that they executed ihe same fw the pvrpose~
~ expre=sed. And the sa:d__________-~__ ~h@Yty Lee ~isher
~ of the said ___$t~1t1eA N t~1Stt@I upon s separafe and priv~te
~ ~at~on by me tai_n separate a~:d a,ar! Irom he~ said husband, acknow~edged to and before me that she executed said instrumeM freely and vplun-
a~:d w~rnovt any comp:~ls~on, :onstraint, appr~~hens~on, or fear of w i;om her said husband.
WITPv'cSS my hand a~d off;c~at seaf th~s_ day °i- ~L A. D. 192~
~
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Notary Pubtic in and for the State of flwi~a. ~ gd'~~, •
My Commission expires: ' ' 7 • .
Refum To: Nolory ?bWk. GtyM.~Y. Q:.
st Federal Sarir.3s b loan Assx~af.on Mr ~~s ~nly 1915:, J~ Z,
Gf =ort P ~..r., ~ e' y~
? ~
Fort Pi-,•ce, Fio•:d~ ` ~ ~ ~ • ~ _ .
~ ~ ; cp ~
14 ,
:
This Instrument Prepared By J. Fia 1 Rober t s~ J r. d~~~ 0 C~~o•~ .
F~rst Federal Savings & loan Association
of Fort Pierce ~ '~lorida 33450
` Checked By ~ BOOK ~~t~7 PACE
= 2~U9
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