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3. To plac~ •nd continuouily kcsp on tha bu~!d~ngs now a hereaftsr ~~tu~t~ on a~id I~nd ~nd on all equipment and p~rsw~ally cov~r~d by thi~ matq~
~p~, w~th •II pr~m;unu ~hereon pa.d in futl, fire inwronce ~n ~M ususl surdard pot~cy form, in ~ sum approv~d by the MORTGAGEf, and wind~tam :
inw~anc~ in tM utwl sundard pol~cy 1wm, in a sum epproved by the MORTGAGEE, in wch tompany w tompae~K u tM MORTGAGEE maY f
direc~t u~d all lir~ ~nd winibrorm insuranc~ poliues on any ot said buildups, ~ny in~e~~st tMr~in o~ part thtr~of, In tM p9rep~t~ sum ~for~iaid o? ~
{n ~xc~s~ ~herwf, sMll cont~in th~ usual standard mat9ayee clause w such othN claui~ ~i tM Mo+~paya~ m+y rpv~r~. matinp ~M loa u~da sa~d po1F _ `
cia, CKII if1fl ~vNy, payabt~ ?o s~~d MORTGAGEE as ~q intcres~ may appsu, and tach u,d ~v~ry such policy ~h~l~ b~ prompllY at~:9rwd and d~livKed ~o }
~ny Mld by said MORTGAGEE as lurther tecu~ity lo said nw~~gage debt, and, nol tess Ihan ter? (101 days in advancs of tM e:pir~tion of ~~ch polity, to dr '
(iv~~ to taid MORTGAGEE • renewal thereof, logelher with a rece~pt (w th~ premium of ~vth rensw+l: and ther~ tMll b~ no fir~ o~ windslam inwru?t~
pl~ced on any of said bvildingi, any inrerest there+n a pa~t thereof, untess in ~F?e form and wi+h IM lou payabl~ a~ •fw~said; ~nd in tM •veM ~~ry sw+?
of mon~y becar+es p+yable unde+ such policy a polKiei said MORiGAGEE shall haw the option ~o receiw and apply the iame on accoum ot tM indebtet~
Mu saturet! Atr~by w fo permit said MORTGAGORS to ~ece~va and use it a any part ~hereof lor othc~ purpossi, without thereb~ waivi~~ a~mpair-
Ieg any eqv~ty, lien or righ~ unde~ or by virtue of thi~ mo:sgage; and in the evenl said MORTGAGORS ~hall fw any ~~awn fail fo keep th~ said prM+~us w „s
Insurcd, a fail to del~ver promptty any of sa~d po~~cies of ~nsurance to satd MORTGAGEE, w fail promptiy to pay fully ~ny premium therefw q in any :
respect tail w perfwm, discharge, execute, eflect, comple~e, comply with and abide by this covenan?, a any part 1»r~of, uid MORTGAGEE may placelnd
p~y fw t~th ins~rante or any parl thereof without waiving a affMi~g any option, lien, puity, o~ righl ~nde~ w by virtw of this Mort9s~, ~e~d tht ~
full a~nou~l oi each and every such paymrnt s~+all be im~ned~ately due and paysble snd sh~ll bc~r interett from 1M dats thereof u~til paid at ths raq ol
nir?~ per cenfum per annum and to~e~her w~~h iuch inrerust shall be secured by the lien of thi~ mortpage. .
1. To pamit, commit or suffer no waste, impairment a detcrioration of said property w any part lhereof, i
,
5. To pay all ~nd sinputar the costs, charges ~nd expenses, including a reasonable attwney's fes and costs of ~bstraclt of titls, inturr~d o~ p~id at ~
any time by said MORTGAGEE, because w in the even~ of ~he ~ailure on the part of ~he ssid MORTGAGOR to duly, promptly ~nd fully pKform, di~chuy~; !
execute, effeU, complete, comply w~th and eb~de by each and every the stipulatio~s, eyreement~, tonditions, •nd ooven+nts oi uid promiswry note and thi~
mortgage any w e~the~, and u~d cos~s, charges a~d eapenses, exh and every, shall 4e immediately due and p+y~ble; whethtr p not there be notice d~
mand, ~ttempt to collect or suit pend~ng; and the full amovnt of each and every such paymem shall bea~ iaterest fran the date tM~eof unril p~id at the
rate ot nine pc~ centum per annusn; and ail seid costs, charges end expenus incurred o~ paid, logether with suth interpf, sh~ll b~ sKU~ad by th~ lien of tha
mort~age.
6. lhat (a) in tM even! of any breach of this Mortgage or default o~ the part of the MORTGAGOR, a(b) in tM ~veM ~nY of said sw~s of money
herein reE~~red to be not promptly and (u?ly paid wi~hin thirty (30) days ne~ct after the same sevcrally become due snd payable, without dsrtwnd o~ notice,
w(~ in the event each and every the stipula~ions, agreements, conditions end covenants of s~:d promissory oots and thii mortyaq~ any q ~ither ~re no1
~uly, promp~iy and fully perfwmed, d~uharged, ezecuted, eifeaed, completed, compt~ed wirh and ab~ded by, tMn in either a•ny sucF~ ~wm tM said ag
pregate sum mentior?ed in said promiuory note thrn remaining unpaid, with interest ~ccrued, and all money~ setured hereby, sMll betome dw and pay~
ab~e iw~hwith, w thereaftcr, at the opt~on of said MORTGAGEE, as fully and complete~y as if all of ~he said wms of mor?ey were piginally st~pulated
to be pa~d on such day, anything in sa:d prom~ssory oote or in this Mortgage to the contrary notwi~hs~andirg; and thereupoee or tF?ereafier at the optron of
said MORTGAGEE, wirhout no~ice or demand, suit at law w in equity, thereto+e or thereatter begun, may be prosetuted u if all moneys setuted hereby
had matured pnor ~o its ins~itution. ~
7. TAat in the event that at the beginning of or at any time pending any s~it upon this Mortgage, w to foreclos~ it,.or to rofum it, or.to enfwce ~
~ayment oF ar~y ciaims F~ereunder. said MORTGAGEE i4iall aaolv to tAe Cour1 havino ~ur~sdKeion ~hereof for ~he aoDOinirn~nt of ~ RKeivef. Wch Court shal)
forthwith appoint a receiver of sa~d mortgaged property all and tingutar, includ~ng all and a~ng~lar ihe income, profits, issues and revenuts from wfiatever ^~1 •
wurce derived, each and every of wh~ch, it being expressty unders+ood, is hereby mortgaged as if speci(ically set fwth and deWibed in tAe yr~ntinp and ~
habendum clavses hereof, and such Receive~ shali have aIl the b~oad and effective funct~ons arsd powe~s in anywise entrvsted by ~ Cowt fo a Recaiver, and ~
tuch appointment shall be made by such Court as an adm~tted equity and a rnatter of absolute ~ight to said MORTGAGEE, and withouf rsierence lo the ' ~
adequacy o? inadeq~acy of the vatue o1 the property mortgaged a~o the sotvency w insolvency ot_sa'~d MORTGAGOR a rhe defend~nn, and Ihat auch ~
~ents, profits, incort~e, iuves and revenues shall be appi~ed by svch Reteiver acco~d~ng to the lien or equity of said MORiGAGEE and the practit~ of suth ~
Co~tt. ~ J
8. To du1y, promptly and fu~ly oerform, d~scharge, execute, efFect, complete, compiy with and sbide by eath and every tM stipulatiaa, agreements, ~ i
tonditions and mrenaNS in said prom~sso~y note and this mortgage set forth. • 1
9_ lhat in the event the ownenhip of the mortgaged premises, o~ any part thereof, becomes vested in a pe?w~ other fha~ the MORTGAGOR, the ~
MORTGAGEE, its succeuws and ass~gns, may, w~~hout nofice to the MORTGAOR, deal with such tucceuor p succassw in intHesf with refcrence to this
mwtgage and the debt hereby secured in the same menner as w~th !'.lortyago~ without in any way vitiatinp w diuharginp the Mortyagors' lisbility here- ~
under or upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no forbearance on the part of the MORTGAGEE a itt successors ~
p assgns and M extens:on of the time for thr payment uf the debt hereby secu~ed g~ven by tFro MORTGAGEE or its sucteuors or ~stiyns, shall operatt
to rdease, d~scharge, modify change or affect the orig~nal I~aoiGty of the MORTGAGOR herein, either in whole ot in part. (r~.
10. It is speufical{y ngreed ~hat ~ime is of the essence of th~s contract and that no waiver of any ob~igstion hereunder or of fhe obliystan se- ~
tured hereby shall at any time thereatter be held to be a waiver of the terms hereof or of the instrumenl secured herby. - f
~ .
11_ In add~tio~ to the iore o n montht a~mc•nts of r~nc al a~d interest re uirrd b the rom~ssor nole secured hereb mort a or covenants ~
9 9 Y P P F Q Y P Y Y. 99
and agrees to pay to mo:tgagee v~i:h each momhiy pay~~.ent an edd:~iona~ sum est~mated by mongagee to be equai to 1/12 of the annual cost of the follow- i
ing_ ;
A-All real property taxrs lev~ed or assessed agai•~st tF~e above described ~eal estate.
d-P~emiums on fire and wendstorm insu~ar.ce as here~n requ:red to be carried on the improveme~ts situate on the above dtstribed premists.
~ C-Premiums on such martgoge guaranty insura~~ce as mortgagee sfiail from t~me to ti~ne deem fit to csrry on the ban secured hereby.
Mo~tgagee shatl from ti:ne to t~me nor~fy mongago~ in wr;ting of tha amount due and payable hereunder snd such sum shall thereupo~ be due and
payable on the due date of the next month:y payment and eacfi successive month thereafter ur.til mortgagee shall notify mortgagor of a thange in suth
amount. Such sums sF.al1 i~e appG<d by mortgag~e toward the payment of real property taxes, insurance prem:ums, and mortgage gvaranty insvraoce
premiuma.
IN WITNESS :YHFREOf, the sa~d MORTGAGOR ha: hereunto set his Fand and seal the day artd ear irst ~for ~
Signed, Sealed and de~ivered in the pre~ence of:
fiiF`: s.a^ Ki.i,;i~Df ~
% i' " ;7.i~;:. 7.slfirFl John W. Davis ~
~f.4., .?45 .
' ~ F€ f*ErE _,.:C~.~ COllR Thelcna 1.. ~Davis t
rs..q
STATE OF FLORIDA' ~ ~ s~ 1~ Il 4o PM'~~ 31'7520
couNrY oF S t. Lu c i e ~
Before me personally appearcd 3ohn U? . Davi s ,,,,d
T~iciuc~'a i. ~~iuv 1~
Ais wife, f0 me wetl known •nd known f0 m! f0 b~
ths individvals deu~ibed in and who executed tF~e foregoirx~ instrument, and stknowledged before me tMt they exntuted the ssme for the purposes
thcreio expressed. And the sa~d Thelma L. Davis
wife of the aid John td. DaV 15 upon a separate ~nd priv~t~
examination by me taken separate and apart from her said husband, scknowledged to and before me fhat she exetuted ssid insttument freely and volutr
rarily and without any compulsion, constraint, apprehe s~on, pr fear of or from her ssid husband.
WITNESS my hsnd and official seal this___ - day SQ tE er .a ~9 75
~
i ! ~ - , 7 :
Notsry Poblic in and for t Stats {orida at larps
, My Commiuion eapires: ! ~
~ ~ ~ ~ f,~~
Rerorn To: i~
~Vi
Fint federal Savings 3 loan Associat~on
O( Fort P~erce.
Fort Pierce, Florida • ~
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f.,Y~ " •r/ • ~ r
. . . . 51 . . 1
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This Instrument Prepared By .7ohn 4'. Col l i ns ,
First Federal Savings b Loan Association 0 R A ~ ~ L'' ` ~
of Fort Pierce , F l or i da 80~K ~nrE • ' • : ~ ~ ~ ~ ' `
~
Check By , ;~i
~'~~~r.'
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