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3. To plac~ ~nd con~inuouily keep ~x+ tha buitding~ now w hereaft~~ ~itus~~ on ~a~d la~d and on ~II eqviwnent and perso~illy covtred by thi~ mor~g~
eg~, wi~h ~It pr~miums therea~ p+~d in (ull. I~r~ i~uvranta ~n th~ usual a~andard poiicy iorm, in ~ ium ~pproved by fhs MORiGAGEE, ~~d w~ndstwm
~ns~rux~ tn tM uwal st~nda~d pol~cy fam, in i tum ~pproved by tha MORTGAGEE, in wch compsny oi comp+~~s ai 1he MORTGAGEE may
d:rectj and all !U~ ~nd wlodatorm i~suranc~ policie~ on any ot sa~d bu~ld~nqi, ~ny inter~st tlxrein or par~ therw(, in tM ~pq~cp~~e awn +~aeiaid w
in eaceu lhereof. th~ll :ontain th~ uival ttandard mwlgoqet tlau~s w such other dausa as fh~ Mat~age~ may requi~~. ma?ing IM bu u~der sa~d po~l-
ues, each and eve~y, payabte ~o said MORTGAGEE ~s its interest may appear, and each and eve~y such pol]cy shall be p~omptly ais.p~ed and dslivered to
any hetd by aaid MORiGAGEE as [u~ther secur~ty 1o satd nw~~yage dabt, and, r?ot iess ~h~n tan (10) days in sdvanc~ o( ~M e:pirNion ol aach pot~ty, to dr
!~ver to Hid N10RTGAGEE a re~ewal thcreof, Io~Nhtr with ~ receipl fw ti~e premium ot fvch rsnewalj and lhert thall be ro firs o~ windstorm in~ur+nt~
plsc~d on aiy of sa~d build~ng~, any inlere~t Iherein a part ~he~eo(, unle~s in the iorm and witF~ tF+~ loss payabl~ ~s stweaaid; and in the event a~Y wm ~ ~
of mon~y becanet payable unde+ wch policy w polKies said MORTGAGEE shall M~e ~he opt~on ro recaiva and apply tM sam~ on ~ccoum of tFw indsDeed-
nets stcured hereby a to ptrme~ aaid MORiGAGpRS to receivs snd us~ it p eny parl tl~er~f for ot~e~ pu~pofes, wi1~AVt thsrcb/ wai~i:ig or unpair• ' ~
infl any puify, lien or ~ight u~ or by virtw of this mortgages a~d in fhe eve~~ sa~d MORTGAGORS sFall fw sey reawn fail to keep i~:;: t~id prem~iei so
insured, or fail ro de~iver promp~:y ~ny oi said polKies of insurance to iaid MORiGAGEE, a fail prompfly to p~y fully ~ny premium 1he~efw a in any ,
re~pect iail to pe?fam, dischargc, exec~?e, eftect, comptete, comply with and ab~de by this covenant, w a~y part he~eoi, iaid MORYGAGEE may plste snd
pay fp such insurente o~ ~ny pa~t Ihereof without waivin~ a aifecting sny oplion, lien, equity, or right unda or by virtw of thii Matyage, and the
1~II amouM of each end every such psyment shall be immediafely due and payable a~d shall bea~ intereft from ths dals thereof until paid at ths wt~ ol
nme per crntum pe. annum and to~etF.~r .vith such ioterrs~ shaU Fx sewred by the lien of ~his rtwrtqage.
1. To permit, commit or iuf(ai no wastt, impairment w deterio~etion of aaid property or ~ny part thereof. ~
S. To pay all and si++gulu IM cwts, charges and expen~es, ~~cludinp a reaionsble ananey i fee and costi of abstracts of titt~, incuned a p+id at
any time by s~id MORTGAGEE, because a in the erent of tFu failura on the pa~t oF the seid MORTGAGOR to duly, promplly snd futly perfwm, d~xharg~,
-xecute, effea, comple~e, comply with and ab;de by each and every ihe stipulst~ons, agreemen~s, condi~ions, +nd covenanrs ot said promissory note and ~his
mortgagq any w e~~her, and sa;d cosn, tMarQcs and expensea, each and every, shatl be immediately dus and payablet whether or not the~e be notice de ~
me~d, attempt to colkct or suit pendmg; +nd ?M full amount of each and every such payment ~hall bea. interest from tM date thereof until paid ~1 the
r~~e of nine per ce~Num per amway arw afl said cosis, charges and eapensEa irxwred or pa~d, together w~t0~ tuch interest, ~hall be secured by tM lieo of thi~
mortg~ye. ,
Q Thaf (s) in the event of any breach of this A~wtgage or default on the part of the MORTGAGOR, or (b) in the evenf any of ssid wms of money
herein refnred to bs not promptly and fully paid within thirty 130) days ne,ct airer the same severslty become due and p~yable, without demar?d o~ notice, `
or (c) in the eve~t rach and every the st~putat~ons, agreements, cond+rions snd covenanfs of sa:d promissory note and th~s mort~pe any or either are no1 ~
iuly, promptty and fully perfamed, d~xharged, exec~ted, effecied, completed, compl~ed v~ith ertd abided by, then in eitF+er q any such eveM 1he u~d a¢ ~
~regate sum menrioned in said promissory note rhen remaining unpaid, wirh interest accrued, and alf moneys setured hereby, ihall become due and p+y- i
ab;e forthwith, w thereafter, at the option of said MORTGAGEE, as fvlly and completely as if all of the said sums of mo~ey were wiginslly pipu;ated
to be pa~d on such day, anything in sa:d promisswy note o~ i~ this Mortgage ~o the contrary notwithstanding; and thereupon or tF?ereafte~ at the option of i
sa~d MORTGAGEE, without notice w~emand, suit st !aw• a in equity, therefore a thereaher begun, may be prosecuted ~s if all rt~oneys sec~red he~eby `
h~d matured pnor to its imliWtion_ ' j
7. TF.at in the erent thaf at the beginning ef w at any time pend~»g any su~t upon sh~s Mo~tgage, w to foreclos~ it, or fo reform it, or to enfwes ~
paynxnt of any claims hereundrr, said MORTGAGfE shatl apply to tht Court having ;uriad~ction tF~ereol fw Ihe appointment of • ReCCivd, such Cou~t shall •
forthwith appoint a recdver of uid mwtyaged pro~erty all and singu!nr, inciurJ,ng ail ar~d s~nqulsr the income, proliri, issves and revenves irom whatever f
so~~ce drrived, each and ~very of yvh~ch, it being expressly understood, is hereuy mer~gaged as if speciiically set fwth and dewibed i~ the grantinp and ~
habendum ctauses hereof, and suth Rcceive~ shall have all the broad and effec~ive furc+.ons and powers in anywise eMrusted by a Covrt to a Reteiver, and i
s~ch appointment shall be made by such Court as an admitted eqvity and a~na~ter of absoiu~e right to said MORTGAGEE, and without relerente to ths ~
adequaty er inadequacy of Ihe vslue of the p~operry mortgeged or to the soivrncy o~ insoivency of said MORTGAGOR o~ the defendanri, and that tuch
r~nrs, profits, income, iss~ea and revrriues shall be app~ied by such Receiver accord~ng to the lien or equity oi uid MORiGAGEE and the prsctite of suth i
GovA. - ~
8. To du:y, promptly ar.d fu~ty perform, discharge, execute, effect, compfete, cornpi~ with and abide by eath and every 1he stipulations, agreerrKnts,
conditions and wvenanrs ~n said promissury note ar.d this mortgage set forth. '
9. That in ~he event tFx ownerskip of the mortgeged p:emises. or any part thereof, aecomes vested in a person other ihan the MORTGAGOR, the t
:'.CRTGAGfE, i:s a~ccessors and ass~gns, may, without norce to the V10RTG~.OR, drat with such successor or successor in interest with referente to this
~»ortgege and the debt hcreby secured in the same manner as w~th Mortgagw w~thout in aoy way vitiating or dixharping the Mwtgagori liability hera
~nder w upon the deb~ hereby secured. No sa'e oi the prrnis~s hereby mortgaged and no forbearance on the part of the MORiGAGEE w itt successors ~
or essigns and no exrension o( the time for the payment of the debt he.eby sec~red given by the MORTGAGfE or its s„ccessors o? auigna, shall opetate ~
to re4ease, d;xharge, modify change w effect the orig,nak liabil,ty of the MGRTGAGOR hereiry eilher in whole or in part. ~
10. It is :pedfKally agreed that time is of the cssenu of this contract and tha~ no wsiver of eny obli~stion hereuoder w pf fhe obl'gation st
cured hereby, sha~t at any time thereafter be held to be a waiver of the trrms hcreof or of fhe instrumeM set~red F~erby.
11, tn addnio~ to tFie foregc'.ng montn!y paymenss of pr„ic'pai and int2rest regu~red 6y the promiuory note secured hereby, mOttgagor tovenants
and agrees to pay to mortgaget v.•ith each month~y payrnent an add~rional sum estimated by mwtgagee to be equal to 1 f 12 of the anrwal tost of tFfe fullow-
, ing:
A-Alt real prope.r~ ra:rs levied w assessed against ~he abwe described resl es~ale. ~
B--Prrra:ums on fire and windstorm insurar.ce as herein requ~r%d to be carried on the improvemeats situate ort the above described premises.
C-Prem~ums on such mortgage guaranty ir.syrar,ce as mortgagee shalt from t:me to time deem fit to carry on the (oan secured hereby.
~ Mortgagee shall from rime to t~me nciify mortyagor in w~iting o.` the amount due and payable hereunder and suth sum shall t}xreupon be due and
~ c3yable on ihe due tiate of ~ha rr~xt mo:;thly payment and each successive monah tFereafter ur.tit mortgagee shall notify mortgagw of a thange in such
j amount. Such sums shail be applied by mortgagce toward ~he paymem of reai property taxes, insurance prem:ums, and mortgage guaranty insurance
~ em~ums.
I
~ iN WITNESS WHEREOF, the id 'GAGOR s hereunto set h;s hand and seaf the day and year first afa id.
Se ed ~ e e . i '
- f~~~u e~~ ~.t~.,~~o~~ n
St.t13~t- ~~uN;r fLA.
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< _ -(,~~,wa,e~~t~ c~£~K : „i; couR~ n
a~c;:~=f
. rc-.n
Oct y 3 71 PH'75
STAiE OF FLORIDA
COUNTY OF __St U1C~Q ~ ~ '
' 3~:~'~-3
Befwe me pe~sonafly appeared ~"~rl~ Roqer Cook
Geneva COOjC his wife, to me welt known and known to me to be
fhe individ~ats described in and who executed the foregoing instrument, ~nd acknowiedged before me that they executed the same for the purposes
rherein expressed. And the said__ G~1eV8 COOjC
w~fe of the ~:a - Marlin Ro~er COO~C ~ ~ ~ ~~~e ~ ~ry~t~
examination by me taken separate ar~d apart from her said husband, scknowledged to and before me that she execut id instrument freeiy and volun-
rar~~y and w~thout any computsion, constraint, apprehens' fear of or from her said husband.
WITNE55 my hand and olflual seal this-_ day of ~ z p. 197s
Y j '~~/J
~ ~ ~
~ ta ublit in and for the 51a of 6 da ~f ~~;f~~ .
~ Cortyl~isSiofl expires: ' : i - . s
RNurn To: Npfory Puylic. Sto?- of ibri~o 8 • ~
a ~ ~
Firat Federal Savings 3 Loan Association ~ Cotr.rr.is;ioo 5x,~'+rK fjl!- 0. ;
Of Fort P.erce. ~ • . -Y. .
~ond~d t,y a„~s~_~., r:~. a ~tsy ~ . : ~,,C~ ;
~ foA Pierce, florida ~ rJ? ~'yl o y:. fi.~_ ~~q r/
~
' ~,.C
- ,~~j v'1~~~y~~N~~~
i V : ,
This Instrument Prepared By .1. Hgl I~berts~ Jr. ',~'~~~r~~i ~~?uN1,~`i,` -
~ First Federal Savings ~ Loan Association " : .
of Fort Pierce, Rlorida 33450 . p R~~~ ~
800K PAGE J51
Checked By ~
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