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To plac~ and conti~uou~ly keep on ~M bui!d~ngs now a her~att~r sitwa oe~ ~aid land and on +N equ~pm~nt a+d p~~sonally covH*d by thia mw~p- ~
s~~, with ~11 premiunu ~he~san pa~d in full, /in in:urance in ths usual itandard po ~cy (orm, in a tium app~ov~d by ~M MORTGAGEE. and winduwm _ f
iniur~nce i~ th~ uiual aundard pol~cy fwm, in a tium ~pproved by th~ MORTGAGEE, io wch company w compu+ita u tM MORIGAGEE may ~ j
dinct; ~nd all fin and w~nds~orm in~ur~~ce po~kiss on any o( said buiW~~+ys. ~~y In1~t~st ~he~ei~ w pu1 tMreol, in tFw pq~p~t~ tum afa~Nid o~
In ~xcea thcreof. ~MII contain ~M ~nwl a~andard ma~9a~k ctaus~ a such ottwr claus~ tM MatyapN m+y rp~'u~. ma?'up tM lou u~ uid po1L
ci~~. e~ch and ~very. paY~bt~ to said MORiGAGEE ai it• fo~erest may app~a?, u~d each ~nd ~v~ry ~uch poiicy ~hall b~ p~omptly qs:ynd and d~livered to
any Iwld by s~id MURTGAC.fE ws (w~hs. secwity eo sald mortgag~ debt. a~+d. not I~as than t~n (10I d+vt (a ~dwr?u of 1M ~xpiration o1 ~ach policy, to d~- .
IivN to uid MORTGAGEE s r~r~ewal thereof, toy~tMr wi~h a ~ec~ipl fw ths p~emiwn of tuch ~enew~~; and thert aMll b~ no fi~~ w windstwm intwanc~
pl~ud on any of wid b~,Udinyi, ~ny interest 1Mrein or put 1Mreof, unleas i~ rM fwm and w~~h tM loss pay+bb as ~for~saidr +ad in tM ~vee~ any sum ~
of mon~y bccomes payabts v~r such policy or po6cies wid MORTGAGEE sMll Mw tM option to rtcsiw and ~pply ~M um~ on +aoum ot tM indsbted-
neu ~ecur~d hereby a ro ptrmit faid MORTGAGORS to rective and us~ it ot ~ny pan thereof ta mher purposes, without thereb/ w~ivinp a~mpair- ,
inq any pu7ty, lien or rigfil unde~ or by virtw of thii mwtyaye; ~nd in Ihs ewm ~a~d MORTGAGORS ih~ll fa u+y r~awn fail to kssp th~ iaid premiies w •
tnavred. a fail to deliver ptomptty a~y of said poletiq of i~swants to sa:d MORTGAGEf, w fail promptly to p~y fully ~ny pr~mium the~tfp w in snY .
~eiprcf fail b pe+fam, discF+irg~, exacuts, effecl, compl~N, oomply with and ~bide by thit cownant. a amr part tareof, tald MORTG/tCaEE may place ~~+d
paY fw such G+wrae~t~ w ~ny part thereof without w~lvinp w~f(tctirg any option, Ikn, equity. w right ~nde~ w by vi~tw of this Mwtyap~. ~nd tM
tull amoum ol ~ath ~nd every such paymenl sh~ll be irm~diately dw ~~d p~yabl~ ~nd sMll bear interest from tlw dats the~eof until paid at tM raM ol
ni~e pa centum ps~ annum and toyether wi~h such i~teres~ sM11 bs secured by tM lie~ of this mortya9e.
1. To permit, cw~wnit or sufier no wa~t~, Impairment a deteiaration of said property w any p+rf thereof.
S. To pay ~II ~nd sirg~lu the cwts, chupes and expenses, includiny a reasonable sttornsy ~ fN snd oo~n of abstr~cts of titls, lncuned or p+id ~t ~
sny time by ssid MORiGAGEE, becauie a in the event of tM failvre on ths put of tM uid MORTGAGOR to d~ly, prompNy and f~lly perfam, d~sth+rgR
cxecut~, effec~, comp!et~, comply w~th sr+d ab:de by eech and every the itipuletions, agreemenn, conditions, and covenanb of said promiuory note snd ~his
monpap~ any a~ither, snd s~~d cosn, cMrqes and expenses, each and every. ~MII be G+wnedia~dy dw and payabt~= wMther a not ther~ M notiu ds
mand, ~ttempl to colletl p auit pt~dingj and the full smo~nt of each ~nd tvery ~vch payment shall bes? inter~st from ths dat~ tMreof until p~id ~t the
rate of nine per centum per an~ium; and all uid costs, chugei snd expenses incwred a paid, logethar w~th wth intarest, aMll b~ s~cured bY th~ li~n of thi~
mwtpaqt.
6. TFN1 (i) in th~ ~vent of any breach of this 1Nortgag~ o? de/ault on tM pan of the MORTGAGOR, or (b) in the went any of s~id ~wns of maity ~
herei~ roferred to bs no1 p~omptly ~nd fully paid within thirty (30) dayt nexl after the s+me severally becans dve ~nd payabl~. without d~mand o~ eotit~.
w(c~ in the ~vero each ~nd wery ~M stiputa~iona, s9reements, conditio.u and coverunts of said promiuo~y ~?ofa and th~s matyap~ any o~ ei~Fw ~r~ no1
~vly. Promptty and fully petforr~ned, discharyed, executed, effected. completed. complied with i~d sbided by. then i~ ~itFw~ w ~ny a~ch ~wm th~ said a~
preyate wm meMioned in said promissory note then remaininp unpaid, with intarest sccrued, and all moneys iecured hereby, sMll becwn~ dw ~nd pay-
abte forthwith, w theresfter, ~t fhs option of said MORTGAGEE, ~s futly and completely ~s if all of Ihe said wma of rtanty w~r~ orginally atipulated
ro be paid on svch day. anything in sa~d prom~ssory r+ote w in fhii lNortgaye to the conrrary notwithst~ndinp; ~nd thereupon o? tMreafta a~ tM option of
•aid MORTGAGEE, without notice w demand, suit at law or in equity, therefore ot theresiter begun, may bt prossc~qd as if ~If mwrys s~tw~d INrsby ~
hnd marured pnw to it: institutio~. j
7. 7hat in the event ihaf at the beginning of w at any time pending any suit upon thia Mwtga~e, a ro fweclwe ir, or fo ~tform h, or M Mfo?p ~
payment of any tlaims he?eurtder, said MORTGAGEE shsll apply to the Court having jurisdidion Ihereof fw the ~ppointm~nt of ~ RepivN, tuth Cowt shall
forthwi?h appoint a receiver of said mortyaged property ~II ~nd sir~ul~r, includ~ng aIl and siny~lar the income, pro(its, issues ~nd r~v~nues irom what~ver
soures derived, each and eve?y of whkh, it being expressly u~derstood, is hereby mo.tgsged u if specifically set fwth ~nd deuribed in tFr yrantinp and
habendum clauus hereot, a~d such Receirer shall have all the broad and effective funct~ons end powers in ~nywite eMrusted by a Covrt to a Receiver, ~nd
~uch'appoi~tment shall be mad~ by svch Court as an admitted equity ~nd a matter of absolute ripAt to said MORTGAGEE, and without reference to the ;
adequacy w inadeqwcy of the value of the property mortgsged or to the wtvency or insolvency of ~aid MORTGAGOR a the defendants, and that such ~
rems, profi», income, issues and revenws shall be applied by sucA Receiver accord~r~y to tF+~ lien w eqvity of ~sid MORTGAGEE and the pr~ctic~ oi wch ~
Covrt. i
i
8. To duly, promptly snd fully p~rform, diuhuge, execute, effect, oomplete, comply with a~+d ~bids by each and wery tlr stipu{atio~, ayreertienb, ~
conditions and covenanrs in sa~d promisso.y note and thii morrgag• set fwfh. ~
9. That in the event the ownership of the mortgayed premises, or any parf thereof, becomes vested in • ptnon otlw thsn fM MORTGAGOR, f1w
MORTGAGEE, its succesaors and sssigns, may, without ratice to the MORfiGAOR, deal v~ith such successd a successor in intKest with referenu to this
mortgage and the debt hereby secured in the sama mannet as with Mortgagor without fn any way vitiatiny w disthuyir~g tl+t Mortysgdn' lisbility her~-
undc~ or upon the debt he~eb~ secvred. No ssle of the premixs Ixreby morfga9ed and no fwbcarence on the part of the MORTGAGEE a iri tuccessws
or auigns and ~ eatension of the time fw the payment of the debt hereby secured yiven by tMe MORTGAGEE or its sucussors or ~stipm, ~1ull opersf~
to raleasa, d;uharys, modify char~e ar affect ths orig:nal liabil:ty of the Mf?RTGAGOR herein, either in whole or in psrt.
10. IS k specificslly yrced that Y~me is of the essence of this conhad ~nd that no waiv~ of any obli~ation I+Keunder p of ths obllpation s~- `
tured he?eby shall at any time thereafter be held to be a waiver of the terms hsr~of w of the iratrwntnt Ktured herby. (
11. In addition to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, rtwrtgsgor toven~nts ~
and agrces to pay to mo+tgagee with each monthly psymeM an add~rional sum estimsted by mortpsgee fo be eq~al to 1/12 of the annual coat of the follow-
ing:
A-All real property taxes levied w assessed against fhe above described real estste.
B-Premioms on fire and windatorm ins~rance as herein requ~red to be carried on the :mp~ovements sitwte on the sbove dewibed premises.
C-Premivms on such mortyage guaranty insurar~ce as mortg+ges sha~l from time to time deem fit to carry oe ths bsn sec~red htreby.
INortgagee shall from time to time notify mortga~or in writing of the ~mount due a~d paysble hs~eunder and sutF? wm shsll theteupon bt dus ~nd
payable on the due date of rhe next montht~ paymem and euh successive snonth thereafter urtil mortqagee shall notify mortgagw of a thaoge in wch
amount. Such sums shall be applied by mortgagee toward the paymcnt of real property taxea, insunnce prem:urra, and mwlgaye yvaranfy insuwnce
i premiums. '
! IN WITNE55 WHEREOF, the sa:d MORTGAGQR has hereunto xt his hand iod sesl the day and year first af esaid. i
( Si9ned. Sealed snd delivered in tM prestnc~ of: ~ ~j`'( ~
- fltE~1 t~~_ ~fGUROfO
iT.IU,~- ..~UNTY FLA. ~J n t
f~~s. . ;it~1~5 ~
r s:~r, ~~~:~.;ti COURT 4 ~
ef- • • ~ q i
~ + ~ , i
~ STATE OF FLORIDA , ~i ~i
~ St . ~.11C1Q ~ SS.
COUNTY OF
eefore me penonafly appeared Phili~ S. Blacl~ore and Rc~salie Rlackmore~ hie wifES
T Z'ic~ma c _ Ph i 11 i= s an r~ Ma t
v Lnu Ph i 11 i,Fs ~ wikr to me well knawn snd known to me to b~
the indrv~dwti described i~ ~nd wAo eaecuted the foroyoirg instrument, ~nd acknowledp~d b~fore rrN tMt th~y executed the same for ths purposa
~t~~~~xP.~~d. A?~d rh~ Resalie Blackmore and Marv Lou Philli;~s
~sNe of tM wid Ph~ ~~r. Rl grkmnrp anA Thnmae _T_ Phi l li~~ rBSneCt~Velv
_ ~p~ ~~pK~t~ ~nd privat~
~ e,am~naYwn by me taken sepsral~ and apa?t froml!?ir said husband~~cknowledped to •nd befa~ me ihat",fw~execvted said irutrume~t fretly M+d volurr
rarily and w~thout ~ny compulsion, constraint, ~pprehemlo.n/~ or fesr of or frart(ipr said husbandi,
~ WITNESS my hand and official se+l this f`~"' day of O t r A. D. 19~
~ . n
~ ' rz.-~ ~ ~ ~ ` . . , ,
~ -=r - - - - - ~ ' Nm,ry Public i tFw stat~ of Plord• .t Lar~
~ STAT C ~ F L~~"~ f u H; My Commiuion ~xpir~s:
~ DCi:~1MENt1AfiY= ~:.,~STL:Mr 'l'.> ~
cz `r ,1~P;. +iF FtEVECfUt ~ ~ # RoTar ' ' ~ • r
r „ / Pv.~i.c. 1: a. F'r.~_;. r_.-~ ?
~ M = = i..Tl~'~~~. ~7 U. O O t ~y Ccmn~r.ioo b.<.-.::=z ~ ' y
_ ?B. r 6ended br Ar..arican F.,, ~:c.~u
Ca.
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This Instrumer~t Prepared By Gary F. Ellaood - ~
First Federal Savings & loan Association . '
~ of Fort Pierce Rlorida . ? ~
~ _ ,
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Checked BY goaK 24~ P~~2413 : a--
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