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J. To plac~ and cont~nuo~ily keep on the bui!d~ngs now a hereattbr ~~tusfe on sa~d Isnd and on ~li squip~nent ~nd persO~aily tovered by thit mwl¢
+y~, with all premiums the~eon pa~d in futl, fire inswance in ~he vsual s~anda~d po'~cy form, in a ium approved by Ihe MORiGAGEE, and windstwm
insunnc~ in Ihe usua) standa~d pot:cy iorm, in a sum •pproved by tht MORTGAGEE, in tucF+ company o~ compani~s as ~M MuR~GAGEE may
di~ecr, and all (%rs and w~ndi~orm iniwance pol7c;~~ on a~y of sa~d buitd~ngs, any interes~ Iherein o~ p~rt thereof, in ths sgpreg~te sum ~laesaid or
in ~xce~s the~eol, shall con~ain tM usu~l sfandard mo~tgagee clause w such other clauis as ths Mortgagee may requ'ue, makin9 the lois unde~ fe~d po1F
ciss, each and every, payable ~o said AIORTGAGEE ai ~~s interrs~ msy appe+~?, and each and every such po~~cy shall be prompt~y ass gned snd drGvercd ~o
~ny held by sa}d MORiGAGEE as further security to said mor~gafle debt, a,td, not Seu tt~an ten (101 d~ys in advanc~ 01 the expir~t~on of each poticy, to d~-
livK ~o uid MORTGAGEE a renewal Ihereof, ~ogethsr w~th a rece~pt fw Ihe prem~um oi such rer.r..oi; and there shall be no fire or wi.xJstwm insuanc~
.a~Y ~•~'a~ =-i 'r•ercst therei~ or part thereof, unfess in ~he to~m <.xl wcsh the loi~ payable as a(aesaid; and ie the •venl aoy tum
of money becomes paYable v~dr? such policy o~ pol~cies said MORTGAGEE shall havs ~he opnon to rtceive and ~pply 1he tsme on account oi the Indebted
n!!S SKUrp~J h@~eby W 10 plrmif sald MORTGAGORS ro~tteive a~ uS! il p any patf fheraOf ior Othrr pu~~~oseS, wilbout th:~ou/ waino3 Or unpair-
inq any equ~ry, lier+ w~ighf unde~ a by virtue of tAis maeyage; and in ths evc~t tald MORTGAGORS shall for ~ny reawn fail lo keep ~he said p?+miies so -
insurtd, ot fail to delivcr promptly a~y of said polities ol inturance lo said /~ORTGAGEf, or fai~ promplly lo pay fuily any pre~n~~m therefw p in any
resped lail to per(orm, d~scharge, execule, eiiett, tanplrte, co~n~ly with and ab~de by lhit tovenant, a any part hrreof, said MORTGAGEE may place •~d
pay (w suth insurance or sny part thereof wi~houl waiving w affe~tiny any option, lien, equ~ty, w nght under p by virtue of this Mwtgafle. ~nd the
i~i+ a~nw,ni oi sYh ~..d .,...y a..~b al...u :..vned;~te~y .dw and psyable ~ncJ ahal! bear iNerest from 1M dat• thereof until paid et the ~ata of
nine pM teotum per annum and to~ethrr H+th such in~rrcar shaii be secured by Ihe lien of thi~ mottgage. .
To permit, tommit or suf(er no waste, impainnent or deterior~tion o! said property or any part thereof.
S.~To pay all and singvla?. the costs, charges and expenses, includ~ng a reasonabte a~twney's fee and costs of abstrads of titte, inc~rred w psid st
any fime by said MORTGAGfE, betausc or in the event of the fa~luro on the part o( !he said MORTGAGOR to du~y, promptly and fully perform, diuharge,
eaecuis, eff~d, canpte?e, comply w~th and ab:de by ea.h aod every the stipulabons, agreements, ca+d~tions, a~ covenants of sa~d p~omiasory nott and ~his
moreqage a~y w eiiher, and sa:d costs, charge~ and expenses, e~ch and every, shaN be immed~atrty dve and payable; whether ar not there be notice ds
mand, altempf to tolktt w ~~it pend~ng; and the ful~ smounf of each artd every such payment shalf bear interes~ (rom ths date thereof until paid ~I the
rare of nine per ~z~tum ~r anuum; an~ alt sa~d cosb, charges ai~d eaptr.ses incurred w paid, together wdh auth interest, shall b~ secured by tAe lieo of thi~
mort9~ge,
6. That (a) i~ the event of any breech ot this A~lwtgage or defauli on the part of the MORTGAGpR, u(~) in the event ~ny o( u~d sums of mo~ey
herein reierred to be not pranptiy and fu11y paid within Ihirty (30) days next a~tcr fhe same severally become due snd payable, witFwut demand ot nolite,
er (c) in the evem each and every ~he snpulahons, agreernents, conditions and covenan~s o} sa:d promissory note a.x! fh~s mortgage any a either sre ~wt
~uty: p~omptly and fulty performed, d:scharg-_d, e~ecuted, e(fected, compteted: compi~cd w~t:~ and ab~ded by, then in either a sny such eveM ths said ay~
y~ryate sum memioned in said prorn;sswy nore tfien remaining unpaid, with interest accr~ed, and all moneys setured hereby, fhall become due ~nd pay-
ab~e iorth/vith, or ~hereafter, at the opt~on of said MORTGAGEE, as fully and completely as ii ai! ol Ihe said sums of money were originally slipuiated
to be pa:d oa such dey, anyth~ng in sa d pro:nissory ~:ote or in this Mortgage to the tontrary notwithstandiog; .ar.d thcreupon or the~eafte~ at the option Of
said MORTGAGEE, without ~or~ce or dernand, su~t at faw or in equity, therefore or thereaiter begun, may be proaecuted as if all moneyt secured hereby
had nWtured Fno~ tp rtt inslitufion.
7• That in tF~e event fl~at at the beg~nn:rrg o! w at any t~me pending any suit upo~ tl~is Mo~tgagc, or lo foretlose it, a fo tefwm it, or fo enfo~te
payrrKnt of any tla~ms hereunder, se~d MURiGAGEE shatl app!y to the Covrt hav:ng ~urisd~cf~on ihereef ior the aFpointment of s Receive?, tuch Couh shall
fcrthwith appoint a retei.er of sa~d mo+tgas-d property all and s~ngutar, includ~ng ali and s~ngu~ar the ir.come, profib, iswes and reve~ve~ (rom whstevtr -
uwrce de~ived, each and ?very of wh ch, beu~g expressty underatood, is hereby mortg~ged as if speu4ically set fath and dewibed in the yr~nting and
h36end~m davses hereof, and such Receiver shall have all she b.oad artd effec~~ve funct,ons end powe~s in anywise entrusted by a Court to a Reteiver, and
s:,ch appoin*ment shall be rnade by such Courf as an ad,nitted equity and a r,a~ter of absolute right ro sald MORIGAGEE, ~nd without reftrence to the
adequacy or inadeGuacy of tF.e vaiue of the property mongageo or to the so.v~•r.cy or ~nso:vency ol said MORTGAGOR or the de(enclbnti, and that such
.ents, profits, income, issues and ~evenves shaii be apo4~ed by such R~ceiver ac;ord„sy to the lien or equity of iaid MORTGAGEE and the prsctite of such
Court.
8. To duly, promptty and fully per'o~m, dis:harge, execute, effect, complete, co:nply with and aGide by eath and every ihe stipulations, agrtemenfs,
condit~on~ and wvenams •n sa:d prom:ssory ncie ar.d th's m~rrgage sa~ torth, .
9. Thar in the eve~t :he O~.vnCrihip of the morfyagcd prem;ses, or any part therEO~, becomes vested in a perwn other fhan the MORTGAGOR, the
N•ORTGAGEE. ~t~ sv:crssc~s and assigns, may, w~nc~vt not~ce to the `dORTGApR, deat wiifi such successot or successor in inte?est with reference fo this
mo-t9age a+~d the debr hereby sewred in the same manner as with IAortgagor wi~hout in any way viuating p discharginy the /Awtyagon' liability i.c.a
~r.der w upon the debt hereby seu,reJ. No sa~e of the F~emfses herrby ~no~tgaged and no iorbearance on the part of tF~e fAORTGAGEE ot iri successors ~
o+ ass~gns and no extens~on of tha ti~re for the paymeret uf the debt hereby secured given by the MORTGAGEE or its sucussors or assigns, shall operate
ro release, d~scharge, mod~fy change or a4fect !he o•ig,nai liabii~ry ot the MGRTGAGOR herein, either in whole or in part.
10. It is speuf:c;Ify ag.eed that ti~ne is of the essen~e of ~his contract and that ~o waiver oi any ob~~gat~on hereunder or of the obligation se-
c~red hereby shall at any tin,e thereafter be he!d to tTe a waiVer of t1~e terms hereof or of tFK instrument secured F~erby.
11. In aod t;o~ •o the foregc ng n o~th'y ~;a~m~nrs of prin~ pal and ir,Terest requ~red 6y the promissory note secured hereby, mwtgagor eovenants
e~id agrees ro pay to r-ortg:yee w~~h each mcmh!y pa;:nent an add~ncnat wm es~iT:ared by mortgagee to be equal to 1% 12 of the annuat cost of itx follow-
A-All real property taxes iev~ed or asseas•;d aya~•~st tfi. above desr_rib•_~d ?eai rsiate.
B- Pran.~ums on fire and v.~r.dstonn insurar~Y as iierein reqv~red to be ca~ried un the improvemeats s~tuatt on ihe above destribed premises.
C-Prem~u.rs o~ such mortgage guaranty irsura+:e as n,o~tgagee sha{I f:orr: r me to time deem (it to tarry on !he loan secured hereby.
Mortgagee s6~I! f-cm time fo u,r,e no~~fy rr.or;y,~or in wri~~ng of the an,o~nt d„e and payable hereundrr and such sum shall Ihereupo~ be due and
;.n~able o~ the due oa~e of ~he next n:Onthiy payment and e.;ch successive month thereaf~~r ur.til mwtgagee shall nof;fy mortgagor of a change in such
a~~o~nL Such sums shafl be op~:tied by mwtgag_e toha:d the payment of real prope~ty taxes, insurance prem:ums, a~xl morlgage guaranty i~tsurance
,?~emivms.
IN ~YITNE55 ViHER'cOF, the sa+d M,ORTGFGOR has hereunfo set his hand and seal the day and yea? f' t aforesaid_
II Signed, Scated and delivered in the p~esence of:
j - FtLEO AMU kECURDED ` S~"~Z
i ST.IUCIc` COUYTY FIA.
- kOGE~ FJ~TRAS •4
- - - Cl ERK ;,'1~• ~U+7 Ct~URT ~
' AFCOF.O v= "!ED
- ~s~n
STATE Of fIORIDA T~O 3 23 PH
COUNiY OF S t. Lucie ~ ss.
eefo~e me ~wna~l a ~Rw1S Rhoads 3~'8~03 ~
Pe Y PP~ared _ and
RLltt1 M. Rhoads his wifq to me well knovvn and known to me fo bs
the i~dividuals described in and who executed the for ang instrument, sxJ ackrtowEedged befwe me that they executed the same for the purposes
rherei~ exPresud. And the sa~d_ ~th M. ~thoads .
r:~~e of the sa~d L@W1S Rhoads upon e separate and privats
exam~nation by me taken separate and apart (rom her said husband, acknowledyed to and before me that she e:ecuted said instrument freely and voluo-
~aniy and wahout any tompulsiOn, co+~shaint, apprehensio~, or fear of o? frum her said husbsnd.
WIT~JESS my hand and olficFat up! this day of October a p 1975
G
YJotary Public in fw thE State of f{orids tl LarQe
Retur~ To: My Commiuion xpires. ~ . ~t ~t"';t
First federal Savings 3 loan Association ~ ~ _ .)!.:i. 1. HI7
Of Fort P:e:ce. ~~.~..~.u ~j~ p...~.. ...,..wc-15 ILa1.rdMtl (:0.
Fort Cicrce. Florida y `~~',t:11Sij?(,'
_ :.•a~as. a9~~~,,
~ bo-
f
This Instrument Prepared By Richard K. Kdyes ` , Li~';~ •
First Federal Savings 8~ loan Association _ ~r ~ : ~ : ,
of Fort Pierce , Florlda - : r- ~ ' ~ _ -
-~'t
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i ~ ~ ~ .
Checked By ~ n % a~• t.4 ~ .
~)^Rr~~Z PAGE~Oi7~ J~r~/~
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