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3. To placs snd contin~,w~~ly keep on the buildingi now « herea(i~r ?~tuaee on said IsnJ and on all equiVnxnl ~nd perw~ally tovered by Ihis mor1~
eg~, with all premiumf Ihereon pa~d in (ull, lirs insurance itf tha us~al starniarJ ~,ol~ty fo~m, in • sum approved by the MORfGAGEE, snd windstam
insu.~r+ce i~ tM usual tundard pol~cy fam, in a ~um approved by the MORTGAGEE, in wch company w tompa~ita a~ tM MORiGAGEE may ~
dirzctp and all il~e ~nd w~~dstorm i~sura~ce policie• on ~ny of iaid buitd~nps. any intertst the~ein or part therwf, in tFN ~gyrty~t~ zum atoresaid Or ~
in eaceu thereof, shalt contai~ ~he uswl standard mor~gagae ciause u such othe~ c~a~ss ~a fM Morlpa~ee ~ay reqvir~, makiry tM los~ under u~d poli~
cies, each and every, payable 1o said MORiGAGEE as its interest may appear, and each and every such policy thall bs ptompt~y ass g~ed and delivered to ~
eny held by said MORTGAGEE as further secur~ty to ~~~d matgage debt, and, not leu than ten (IO) days i~ advsnce of the expir~tion o1 each poiity, to d~-
I,~er ~o said MORTGAGEE a renewal thereof, together with a rece~pt fo? the p~en~ivm oi such renewal; and Ihe~e tMlt bs no f~re a windstorm insurancs
plecad on a~y o( sa~d buildinqs, a~y interest therein w par~ thereof, u>>less in ~he (orm and wi?h the lou payable as aloras~id; and in th~ evtnt any sum ~ ~ ~
of money become~ paysb~e unde~ ~uch policy w policies ~aid MORTGAGEE shall have tha optwn to receive and appty ths s+ma on ~ccount o( tht indebted-
nrss secvred htrroby a ro permi~ said MORTGAGORS ro recrive and use it a any pa~t ~h~rrof lor ociie. pu*~wses, w~thout tha•~o~ waiving or ~mpai~- ~
ing any equity, liec~ a~igh~ undar or by virtue of this mo:!gage; and in the event ~a~d MORTGAGORS shall for any reaton fail to keep the said premius io ~ , ~
~nsured, w fail to deliver promptly ~~iy of said pol~cies ol insu~ance to se~d MORTGAGEE, « fail promptly to pay fully any premium therefa p in any .
rrspect fail to pc?form, d~scharge, execute, eifect, comp!e1r, comply wilh and abide by this covenanl, w sny part hereof, said MORTGAGEE may p~ate a~+d
pay (w such insur~nce or any part thereof without waiving ot affecting any opt~on, lien, equ~ty, o? r~ghl vndcv a by virlue of thia Nbrlgage, •nd tht :
fvlf a~rrount of each and e~ery auch payment shail be immediately due and payable snd shall baar intere~~ from 1hs date lhereof ~ntit paid a~ the rate o1 '
~~•nr pe~ cemum pe~ annv:n and to3ether •a~th s~ch inter~st shail br secured by the I~en of lhis rttortgage. !
1, io permil, commit or su(fer no waste, impairment or dereriora~w~ of said prcperty or any part ther~of. i
5. To pay all a~d singular the costs, charges and cxpensrs, ~nciud~~g a reaso~,able attorney's fes snrl cosh of sbst~xti of tilfe, i~cu?red w paid at
any time by sa~d MORTGAGFE, becawe or 1~ the event of ttr_ la;lure o~ tF+e pari of the said MORTGAGOR fo duly, prompity and fvlly perform, d~sthargs.
~._~cuta, e(fec~, comp:efe, comply w~th and ab.Je by each and eve.y the ~tip~tat~ons, agree~~~nts, cond~tiona, and covenants of ieid promissory note and ~his
,:orrgage any or ei~her, and said costs, cha~ges and expenses, each and every, shail be irt,med~ately due and payable; whe~her w ~ot there be norice da
n,and, attempt to collect or suil peod~ng; a~x! the full arraunt oi each and every such paymem shalt bear in~trest irom the dats Ihereof uroi) paid ~t th!
of n~ne per centum Fer anuv:~~, zn~ a~l sa~d cos~s, ct~3rge~ and ~xprnses ~ncurrcr! w pa~d, ~ogether w~th such intuest, shall be secured by the lien of thif
mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part oi the MORTGAGOR, or (b) in the evt~t any of uid sumt of money
herein refe~red to be not p~on,pNy and fully pa~d w~fhin th~rty (3J) days next afte~ the sanx severatty become due and payabte, without demand or notice.
er {c) in the event each and every the slipulafions, agreemeNS, cond~t~ons and covenants of sa:d prom~uory nme and Ih~s rtwrtptge aoy or either are iwt
1. y, promptly and lully pertormed, d sthmgzd, exetutecl, efiected. to+npleted, com~~'~ed v:ith and ab=ded Sy, then in e~the~ or ~ny such eveM the said a¢
egate wm ment.oned in said p~omiswry note the~~ remaining unpaiJ, w~th mtere;~ acu~rd, and atl moneys secured hereby, shall become dw snd p+y-
ec e forthwirh, w thereaftc., at the op~~on o( said R10RiGAGEE, as ful~y ar,d comp;eteiy as if alt of the said sums of mooey were ori9inally stipuleted
r; he pa!d on such day, anythirg in sa;d prom~ssory noie or in th~s M.crrgag~ +o ihe com~ary na++i~hs~a:~ding; and thereupon or theaafter ~t the option of
s> c+. MORTGAGEE, w~thout notice o~ demanJ, s~~t at !aw a in cq~;t~/, thrre(ore ot 14~e~raiter begun, may be proxtuted es if all mot~eyf secured hettby
c.•d maturtd pnot t0 ~ri mstitution.
7. That in the event tha~ at the beginning of o~ at any ti~r.e pertcl~~g eny su~t uprn this Mortgage, w to foreclose it, or to reform it, p to enfwce
t.~yr*:ero of a~y uaims he~eunder, sa~d MORiGAGEE shall epply to the Co.,r~ hao~~~g ;u~~sc~~ccion ~hereof for the appointmenf of a Receiver, such Cou~t shall
i. ~hv,~~h appc~nf a re:e~ver of sa~d mortgag,_~d prope~ty aU and s~nguldr, inc!ud.ng a:i and s~ngular the income, profits, iuues u+d revenues from wb~tever
s= ~rca d~r~ved, eoch and every of wh;ch, i~ being expressty unde~stood, is ben:by mo~tyaged as if spec:ikally set forth and described in the granfing and
1..,~xndum dausen hereef, anc+ such Reteirer sfiaN ha~e aU the l,ruad a~d effcc~~+e f~nc: ons and powers in anyw~se emrusted by a Court to a Receivtr, and
s,.ch appointment shaVi be made by such Court as an aJmitfe~ eqvity and s rcarrer of abscluta righl to said MORTGAGEE, ~nd without ~eference to fhe
s:~q~scy or inadequacy ot the vaiue of the property mwtgaged or to the savency or ~nso,vency of said MORTGAGOR a the defendants, 'and that such
~fs, profits, income, issues and revenues shall be appl~ed by -s~ch Rrce~ver accoru,ng to the lien or equity of said MORiGAGEE and the ptaU~ce of such 1
Court.
S. To du!y, prompt:y and ful!y pe.form, d;scharge, executc, effect, comple~e, comply w~th and abide by each and every the stipu~ations, agreements, '
:ndnions and covenants ~n smd p~om~ssory note a:id thls mortgaqe set forth_ ~ `
I
9. T?:at in the event the ovfnership of the mortgagrd prem:ses, or any part thcreoi, becomes vesfed. in a perspn other fhan the MORTGAGOR, the
:~RiGAGEE, i~s successo~s and assbgns, may, wi:h7~t-~ot~te to the `'~ORTG~~OR, dea~ w~th such successw w successo? in iMerest with reference to thia
~ tg.~ge ar.d the cfc~t hcreby sec~red in tha same rt:ar.ner as vv~th ldartgagor w~th~vl in a~y way vdiating or distharging Ihe Mortgagor3' liability hertr
•.J_r or vpon the dent hereby secun~. No sa ~ c4 fhe p:e~r~ses herrb~ ~rw~tgaged ertd no forbea~ance on the part of the MORTGAGEE or its successws
-;r ass~gns and no exrension oF the time for the payment of the deb~ hereby secwcd given by Ihe MORTGAGEE or ib succeuws or ~ssigns, shsfl ope~ate
ro ~e+ene, dncha~ge, modify change or affect ti.e ong ~~a~ ti~b~;ny of ~he Il.ORiGAGOR herein, either in whole or in psrt.
10. !t is spec~i~:ally ag.eed that t~me is of the esse~ce of tl:~s contract and tha~ no waiver of any obligatiq? hercunder w oi the obligation st
c~red hareby ~ha:~ a~ a~~y time :t~ereaiter be held ro be a we~:er of the terms herecf or of the imtrument secwed he~by.
I 1. tn add.i;c~ fo the forego:ng ~;~o.: h'y ~>aym:~•,~s ot p~inc p.al and in~~,rest ieqw:ed b/ the prom~swry n~te secured hereby, mortgago~ <ovenants
d agrers to ~ay to n:cvgayee with each rr.cn+h~y ;.a;:..ent an add;rionaI svm ,st•n.ated by r.iwtgagea to be eqval to 1,/12 of the annual cost of the follow-
A-A!I rea~ property taxas tr~.~ed o. assessed agsi•a: th~ a~ove desc~i~cd reat es•ate.
B-F+_~~::vms on fi~e ar.d wir.ds'am ~~~su~s~ cr es h<re;n reqo.r~d tn be carnecf on !he ~mproverne~ts situate on the above dssaibed premises.
C-Prem~;;ms on ;uch mortg;ge guaranty ir.sv{ar:ce as mo~t~agee sha~! !ro~r i me to time deem fit to Carry On ihe ban seCUred hereby.
1'ro¦tgogee sh-,:~ !rom r~-ne to nne nct+fy a,orrga~cr .n v.r:s~ng of ~ne amaum dve a~d payable he~eonder and such surn sfiall thereupon be due and
i :~,ab!e o~ the d•.:e aate oi ~h~: rexr mo~th:y payrce,~t and each successive ~nonrh ~hereaiter ur.til mortgagee shall notify mortgagor of a ehange in such
i ~~~um. Such s~ms shal! be ap~~'ied by mortgagee teward ~he payment of real prcpeny taaes, insurartce prem:ums, a~d mwtgage gua~anty insurance
~ .-~•e~nivms.
; IN ~~ITPiESS 'NH:REOF, sa~d RTGAGOk nas hereunto set his hard and seal the day and year first aforesaid.
i Sig d, ea d deliver in the ence ofr _,~~_~rG~~if,~' ~
I - - FILED ~ND kECC'A~ED ~ ~ClGl.'~ ~t~ (Seaq
f ST. ~uciE couNrY Fu. William K. Henry
f - ~~d~ - ~ ROC~ic FU~TRaS ~ ~~"n
~ _ ~ IL~ CLERK Ci":CL'iT COURT ~ ~ ($~aq '
' r - R~co~~ vri ;F;f~ He ena . enry ~~a~
~T.;TE OF FLORIQA IO OO ~N'1~
St. Lucie _ ~
'_~~!~iTY OF
Befwe me personally a ared _ W~ll~am K• Henry
_ Helena D~ ~enry his w~fe, to me well known snd kt~oNEnSR.~e to be
t~~e individua~s described in ar.d who executed the foregoing instrument, and acknowiedged before me thaf they executed Th~.~3aS~.fq f~~.pMposes
r!~ezein expresxd. And the s~;a_- Helena D~ Henr ~ ~~P'
'i - -
r:~fe of the said - Wi lli Am K~ Hpit'1T~4 ~ ypp~ e•
~.a~:~nat~on by rne taKen separate and apart from her said husband, acknowletlged to and before me that she uted. tr
~:iy and w~rhout am~ compulsion, cons!raint, apprehens~on, o? fear of or fram her said husband. .~~~~:t`~1¢ r
~y. Au t 0 ~ ~
WlitvE55 my hand and official seal thfs_-~~_ day *3_ i
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. ~l . ~l/ ~ -1
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S V
S otary Publ~ in and iw ihe
~ - My Commission expires: • . , v ~ '
Retum To: '•r, -
t;
s First federat Sa.ings 3 Coan Assoceat;on 'f i* ;
~ Of Forr P.eree. Notary PtibliG Stpy oi {lorido at lar~y E
~ Fort Pier~e, Florida
1y Conu~i:sioa E~ire~ l~n. Z7. 197!
dondzd br I.mer:ca~ Fw? i CawaJlr Co.
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~ This Instrument Prepared By J. Hal Roberts, J2'.
~ First Federal Savings & Loan Association
~ of Fort Pierce ~ Fl or id a 3 3L~ 50 600K P~,F~~~
~ Checked By ~,°!1- _
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