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3. To plac~ end continuously keep on ihe bui!dings r.ow w hereahe~ ~~tuate on ~aid Isnd and on aU equipmen~ and penonally covered by this nwr~ ~
e a, wilh all emiums Ihe~eon id in full, (iro inwrance 7n the usual sronda~d lit (orm, in a fum a
9 W pa po y p}uoved by ~he MORIGAGEE, and windsto~m .
~ns~ranc~ in tM uswl ~~andard poGCy fam, in • sum approved by the MORTGAGEE, in tuch company o~ companiti as tM MORTGAGEE may
direcl; ~nd all (ir~ and wiods?orm inso~a~+te policies on any of soid 6~ild~n9s, any intereat therein o~ parl thereof, in the r~yregste tum afotesald o~
In extesf thereof, shall contain the usual s~andard matgagee ciause or s~ch o~her dause as Ihs Mortgagee may requ~re, ma4inp Ihe los~ unds~ sa~d poli-
c~es. each and eve~y, payabfs to aaid A10R7(3AGEE as ~ts intrrest may appear, a~d each arcd every s~ch policy ihall be promprly a~s gned a~d delivered ~o
any held by said MORiGAGEE a• turthe~ security ~o said mwtyage da~t, and, not leu than ten (101 daya in adrance of ~he expirat~on of each po1Ky, to da
I~ver to said MORTGAGfE a re~xwal theieof, Iopelha~ with a reteipl fw Ihe p~emivm oi such ~eneaval; and there ahall be no (i?e or wi~ds~orm i~surante
plac~d on any pf said bvildingi, ~ny interetl there~n or par~ thereof, ~nle~s in the fo?m and with ~he lou payable at afwesaid; and in tha event ~ny tum
oi mw~ey becomes payabte unde~ such policy or policies ta~d MORTGAGEE shali have ~he ophon to receive ar+d apply the same an account of the indebted~
ness setured hereby d to permit said MORTGAGOR$ to rcceive and uu it d any part thercoi tor orh~•r pur~.oses, v.~~hout ~ha+cu~ wai~i~~g or o~~pain
ing any eqvity, lien q right under or by virtue of thls mo:!gage; ar+d in tM event sa;d MORTGAGORS shall for any reason fail 1o keep the said p?emises so '
~nsured, p fail ro drlive~ promptty any of said policles of i~surance fo said MORTGAGEE, or (ai! prompdy fo pay fully any premium therefor or in any
respect fait w perfonry diuharge, execute, eifect, cpnptNe, comply wi~h and ab~de by ~h~s covenant, or any part hereof, sa~d MORTGAGEE may place and
pay fw such insurance or any part thereof without waiving ot affeuing any option, licn, equity, w righr vnder a by virlue of this Mortgage, and the
f~:l arrtount ot each and every such paymero shall be imrnediste~y due and payable and shall bear inte?est from the date Ihereof unti! paid at ~he tate of
~~~~:e per tentum pe? annu~n and togcthe~ wirh such int~rest ehall 5e s~ured by Ihe lien of this mwtgage.
1. To permit, commit or suffer no waste, impairment or detrrioration of said property or any part thereof.
5. To pay all and singular the costs, cha~gea and expenses, inctuding a reasa~able attwney'~ fee a~d costs of abs~rad~ of title, incurred o? peid at
~ny ~;nie by satd MORiGAG_E, because or in ~he event of the fa~lure on the part of the sa~d MORTGf~GOR to duly, prompdy anJ fully pe~lorm, d~scharge. ~
eaecuee, ef(ed, canplete, camply wuh.and ab:de by each and every tF~e stipulanons, ag~eements, condit~ons, artd cove~~ann oi said pranissory note and thw
~~o+rgage any o? e~~her. and sa~d costs, charges and expenses, cach and every, shall be ~mmeci~ately dve and payable; whether w nol there be notice dr
n:and, attempi to collect w suit pending; and ttee iutl amoum ot each and e~ery such paymeN shall bear interes~ from Ihe date the~eoi u~til paid at th!
,!r of nine per cent~m pa~r a~u~u:n; and all sa+d costs, charges and ea~xnses irKUrre~ or pa~d, together wuh such interest, shall be setured by the lien of thii
mor rgage.
6. That (a) in the even? of any breach ot this Mortgage or default on the part oi Ihe MORTGAGOR, or (b) in the event any of saFd sums of money
here+n ?efe~red tp be not prcmptly and futly paid wifhin Ih;.ty (30) days next aiter Ihe seme severatty become due and payable, withOUt demand or notite,
or ~:c) in ihe event eath and eve?y the stipulations, agreements, cond~sions and covenams of sa~d promissory note and th:a mortgage any or either ~re no1
iufy, prompNy and (vlly perfo+med, d`scharged, executed, effected, co:nptetcd, compi~ed with and a6iJed by, then in e~ther o~ any such eveM the said ag
gregaTe sum mentioned in sa~d promissory nute th.:n rema~ning unpa~d, w~th interest accrued, and all moneys secured hereby, shall become due and pay~
ao:e ferthwith, w thereafter, at fhe op~~on of said MORTGAGEE, as {uliy and coniptete~y as if all oi ~he said sums oi money wete piginally stipulated
tu be pa:d on such day, anything in sa.d prc:n~ssory r.ote or in this Alongage to the ca~trary notwitFutanding; and ~he?eupoo w the~eafter a~ the option ot
s=.d MORTGAGEE, w~thout not~te or demand, suit a~ law w in eqwty, therefore w thereatter begun, may be p~osetuted as if all moneys secured Ixreby
r.:d maWred pnor to ~ts inatitution.
7. That in the event that at the beginn~ng of or at any time pending any suit upo~ this Mutgage, w to fpeclose it, o? to refwm if, or to enfwce #
~:^,em of eny claims hereun~+er, said MORTGAGE: shalt apply to the Court hav~ng juriid.c~ion therrof fa the appointmeM of a Reteiver, such Court sha~l ~
f:y ~:~,,irh appoint a re;e~ver oI sa~d mortgaged property ali and singular, inciu~.ng atf and ;~ngular the income, prof~ts, iuues and revenues from whatever
s: ~.;~ce de~ived, each ar.d every of wh:ch, it be;ng rxpressly ur.derstood, is hereby mo.tgaged as if speufically set forth and described in ihe graming and
t•,~:e~~3um c,auses hereof, and such Receiver ahall have all the broad and effec!ive fu~c::ora and pov~,ers in anyw~st entrusted by a Court to a Receive~, and
s. ch appointment shall be made by such Cou~t as an admitted eqvity and a matter of absol~te righl to said MORTGAGEE, and without referente to. the
_.:_;;,:;cy or inadequacy of the value of the p~operty mwtgaged or to the sa~~•c~cy or mw:vency of said MORiGAGOSt or the defendants, and that such
~c +s. proiits, income, issues and revenues shatl be appiied by such Receiver sccoiau~g to the lien or equity of said MORTGAGEE and Ihe practice of such
CJ~~rt.
, 8. To duly, premptty and (ul~y pe~torm, d~s:harge, exec~te, effect, comptete, cer.,Nly with and abide by each and every the stipuiations, agreemrnts,
` ~:~d:rona and covenanri ~n sa~d promisaory note~oad this mortgage set forth.
9. Tha1 in tfie evc~t the ovvnersh~p of the ,r.orrgaged premfses, or any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the
:^RTGAGEE, its wttessors and ass~gns, may~ N'tif7CJ: notice to the ~4!ORTGAOR, deaf w~th such successot or futteswr in inTeresf with rCFereMe To thi~ F
~•~ysge ar.d the d~bt hereby sec~red in the same manner as vvith Y4ortgagor without in any way vitiating or d~sctiarging the Nbrtgagors' liability herr
~~::;t•r w upon tF+e drbt heieby secured. Ko sa:e of tl:e prrn:ises hereby mortgaged a^d no forbearance on the part oi the MORiGAGEE or its successors ~
cr as:~gns and no exrens~on of the time {o~ ihe pay~~ent of the debt hereby secured g~ven by the MORTGAGEE or i~a successors w auigns, ahall operate ~
r~ re~ease, discharge, modify change or affeu the or7gmal Iiac~Gty of the MORTGAGOR herein, either in whole w in parf. ~ !
10. It is speuficaliy agreed that time if o( the essence of this cor,rrad and that no waiver of any obligat~on hereunder or of the obligation se-
cured he~eby ahall at any time thrreafter oe he:d to be a wa~ver oF the terms hereof or of the instrument secured herby. ~
I1. ln ad~~tlo~ to the fwego'ng ~i;ontii'y N3yrn~nts o( pnnCpal and interest reqv~red by the prom~sscry no!e secured hereby, mortgagor eovenants
' d ayrees to pay to m.o:rg>5Ae ti,,irh ea%h mosuhly pa;~nent an add~rional wm ess~m~!ed by mortgagee to be equal to 1,`12 of the annual cost of the follow-
,
' A-Al) real property faxrs (e~ne~ or aszeszecl agai•ist the above described real estate.
. B-Prent~uins on f~.e and .vindsto~m inw~arce ~s herein r~~qu~red to be tarriFd on the fmpruvements situate on the above described premises.
C--Premiurrs o~ s~ch mortgage guaranty ~rs~+ar~ce as mcrtgagee shait from t:me ro ti:ne deem fii to carry on the foan setured hereby.
Mortgagee shaii frcm t~me to t;me norify mort-ya~o. ~n v.rit~ng of the arrount dve ar+d payable hereunder and such sum shall thereupon be due and
c,:~h!e on the d~e date oi tt,e ne,et mo~th!y payment ar.d e_ch succezsive month tnereah~r ur.til mortgagee shall nolify mortgagor of a change in such ~
: oont. $uch sums sha~I be applicd by morgagee to 4a:d the paymem of real property taaes, insvrance prem;ums, and mongage guaranty insurance ;
' ..'e'r~.:V.T.S. i
IN ;YITNE55 ~tiHER~OF, the said .1GRTGAGOR has hereunto set his hard and sea{ the day and year first aforesaid.
igned, Sealed and de;ivered in the presence of: ('"r""- l ~
~ Hta1 ~an
a .
I Witnesses ts~n
- - n ~ ~ sNn
t5e.q ~
I ~
~ ~;AIE OF Florida ~ .
ss.
I : .-~U'dTY OF ~ ~
k Ronald M. Sonoda ~
; 8efore me perwnally appeared _ a~
i Lorraine M. Sonoda
E his wife, to me well known and known to me to be
I +adividuals described in and who executed the fwegoing instr~ment, and ackrwwledged before me that they executed the same fw fhe purpoxs
i ~'c~e~~ expressed. And the sa~d__ LOrrd1II@ M• SOIlOC~~
~ ~e of ihe sa~a Ronald M. Sonoda upon a xparate and pr'rvate
~ ~~an,~~ar~on by me raken separate and apart from her said husband, scknowledged to and before me that she exetuted said instrument freely and volvo-
~~y and w~thoul any computsion, conz+raint, apprehens;on, or fear of or from F~er said husband.
Y~ITNESS my ha~d and official seal th~s_____21St day of July A. D. 19 75
i
31~t~5~ otary Public in arx~ for the State of Fbrida st Largo
F~+LFD aNG k Y Comm~ssion expires:
Return To: ST.LUCIF COUNTY p~~ 1•ii~ w
first Federal Savings E Loan Associat;on R~L'f.+ ov"ITRA$ T; ~
os F~~T P,p.~~. c~Eax c~;cwr covat_ .+n.
Fort Pierce. Florida pF~~P=' 7~t"i IFO_ M~r~co~ f~r~ a 4r~ `
~ `,,,~i~tillHtllltJ~~~
PM'T5~
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~ 13 1 29 ` 3
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; This Instrument Prepared By Richard K. Kayes _:'1;~ ~ u' _
; F~rst Federal Sevings 8~ Loan Association ; -
~ of Fort Pierce ~ F1olida ` ` ~ ~ ~ : r~,-:
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Checked By ~ ' "j
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