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3. To pfaca a~d continuously keep on the bui!d~rgs now a hereeher ~i?varo on so~d tand and on aii equipment and personally covered by thit matg~
ege, with dl premivms thereon pa~d in full, fue insurance in ths usuat standa~d po'~ty form, io a sum aHprovad by 1he MORfGAGEE, and winds~orm
insursnc~ in Ihe uwal s~anda~d pol~cy iwm, in a sum approved by ths MORIGAGEE, in such canpany o~ comp~nies si ~he MORIGAGEE ~++y
d~rec~; and all liro and w~~d~torm insurance pol~ues c~n a~y of sa~d bu~~d:.gs, any iroere~l ~herein or paH thereol, in Ihe aggre9at~ ~um daeia~d w
in excess Ihereof, shall coor~in Ihe usual s~anda~d ~nwtgagee clsuse w such o~hc~ clau:e as the Mo+tgagee may requ~r~, ma?i~p the ~ou u~der sa~d pol~
c~rs, each and evety, payrb!e to iaid h~ORTGAGEE ss its intarrfl mey appear, •nd each and e~e.y suth poiicy shall be pranpf~y assgned ar.d delivered ~o
~ny held by uid MORTGAGEE ~f further srcurity to aeid morigaye debt, and, oo~ less Ihan ten (10) dsys in advance of the expi~~tion of each pofity, ~o d~-
I~~er ro wid MORTGAGEE a renewal thereof, ~ogNher w~fh a rrce~pr ior ~he pre~nium of such renewa~; end there ihall b~ ~o f~re or w+~ds~orm inturance
pfaccd on any of said build~ngs, any in~ereat ~hr~ein w part thereo(, unlass in thc fo~m e~ul w~th ~he loss payable as s(aesaid; and ~n the eve~~ any tum ~
of money bccomef payable unde? wth poticy a polkias saiJ MORTGAGFE sha11 have the opnon ro rece~ve and apply Ihe iame on accouM of the indabtcd- ~
ness secv~ed he~eby w ro permit sa:d MORTGAGORS to receive and we it w sny pan ~he<<•uf for cu,er purposes, t•.~~hout ~h~r~ur wa~~i ~g o~ unPdir- R
ing any equity, lien ot righl under w by virtue of this mo::gage; and in 1he event sa~d A10RiGAGORS shell fw any resson fail to keep tha iaid premisr~ so t
~ns~red. ~or fail ro deiiver prwnptly any of said pol~cies of ir~surance to sa~d MOR/GAGEE, a fail promFtly to pay fuily •ny pre~n~um ~herefo~ w in any ~
rz~F ~t iail to per(o~m, d~scharge, execure, e(1ect, comptrtr, comply with and ab~de 6y thfs covenant, « any part ha?eof, said MORTGAGEE may p~ace a~d ~
pay fo? such insurance or any part thereof wiehout waiving or affecting any op~~o~, lien, equ~~y, or right under or by vi~~ue of this Matgage, •nd the
t~~:t amouM o( each and e~•ery such paymeM shail be i~nmedietely dve a~d payab!e and sfiail brar interest from the dafo thereof ~mil paid at the rate o1
~ Enr ceNvm pct annum a~x! togethrr with wch i~ire~rat shai~ be srwred uy ihe Len of th:s mortgaga
1. To pe~mit, tommit w suFfer no waste, impairme~t or deteriorat~on of said proFe~ty or any part ~hereof.
5. To pay atl and sing~tar the costs, charges and expenses, ~nctud~ng a~easonable atTaney'~ fee aod costs of abstracts o( title, incurred a pa~d at ~
any time by wid MpRIGAGEE, because w in ~he evant of tha fa~!ure on the part of ~i~e said 650RTGAGOR to d~ly, prompNy and fully perform, d~xharge.
axecute, effect, complete, comply w~th and ab:de by each a~d every the stipulu~ons, agreemen4, conditions, and covenaM~ of said pra*~issory note snd thi~ ~
r,orrgage any or e~ther, ar.d sa d costs, charges a~d expensea, each and every, sha~l be immrdiatety due and payable; whether a not there be no~ice de
r.:,nd, attcmpl to collect w suit pend~ng; and ttK full emount of each and e~ery such paymem sha~~ bea+ irtereal from Ihe date thereof until paid N tht
or nme per cantum pr~ annu:n; and ai~ sa~d costs, c}~a~ges and e~penszs ~ncurred or p~~d, toge~her ~veh such imeresl, shall be secured by Ihe I~en of th~t ~
m or rgage.
Q_ That (a) in the event of any breach of this Nortgage or defautt on t~e parf of the MORTGAGOR, or (b) in the event any of sa:d svms of money
herein reEerred ro be not pranptty and fully pald within 1h~rty (30) days next afte~ fhe sarne seve~a!ly betome due and payabfe, without demand or notice,
cr rc} in thr event each and every the stipu!ations, agreements, cond~t~ons and covenants of sa:d promissory note and th~s mortgage eny w either are nol ~
j~:y, promptly a~d fuliy perfo~med, d:acharged, exec~ted, effecred, canpte~ed, co:i~pued w~+h and ab~ded Sy, then in e~1F~er o~ any tuch erenl the said ag
y~~~gata sum mentioned in said prom~ssory note then ~emaining unpaid, with inte~es~ aar~ed, and all moneys setured hereby, shall become due and pay- j
eo e forthrrith, o~ thereafter, at the op~~~n of said A104iGAGEE, as fully a~w~ comp:etely as if atl of ~hc said sums of money vvere orginally sGpvtated
ro h~ pa~d on such day, aoything in sa d prorn~sswy not. or in this klorrgage tu ~he comrary norr~ihs~a~,d~ng; and thereupon a thereafter at ths option of
s~:d MORTGAGfE, wBF+out nonte o~ demand, suit at law or i~ equity, therefore or thercaite~ begun, may be p~osecuted as if ell moneys setuted hereby
r.~d maWred pnor t0 ~ts institut~on. • '
7. Tha1 in the event thar at the beginn~ng of or at any rime pending any su~t upon this Mortgage, or to fweciose it, or to refwm it, or to enforce
f.~~ment of any ciaims hereundzr, seid N.ORTvAGfE sha~f appiy to the Court having jur~sd.ct~on ~hereo4 for the appointment of a Receive~, such Court shall
,;.:rh,v;th appoint a rece~ve~ of iaid mor~gaged prop•~rt~ all a~d s~n~vlar, ind~d~ng a!i a~:d si~yular the income, pro(rts, issuts and revenues from wfiatever
s.;•ce derived. each and evrry of wh:ch, being eapress'y ~ndersrcod, is herroy mcr~gaged as if speuficaNy xf forth and deuribed in ~he grenti~g and
h~~rndum ctavses hereof, artd s~ch Receiver sha'1 hava ail the broad and E~fK~wC funce,ons end powe~s io anywise entrusted by a Courl to a Receiver, and
s_ ch appointment shal~ be made by such ~Court as an admitted equity and a n:a~:er of aLsolute ri9M ro said 4EORTGAGEE, and withoul reference to the
?ci-~a:,acy o~ inadequacy of the vai~e oi the property morfgayed o~ to the so.sen,y er ,~~;oivency o1 sa~d IdORiGAGOR or the defendants, and thaT such
~~s. proi~ts, incame, issues and revenues shall be applied by such Recerver ~c;ord.ng ~o the ~ien or equity of said MORTGAGEE and the practice of such
J't.
B. To du~v, p~emps:y and fu!ly perform, d~uharoe, exew!?. effect, com, le!e, ccr,ply w~rh and abide by each and every the stipulations, sgreements,
c~dit~ona and covenanrs ~n sa~d promissory note and th;s morigage set lorih.
9. ihat in the eve:~t the ownership of tha mortgaqed premises, or any part thercof, becomes vested in a pe?son other than the AAORTGAGOR, the
;~RTGAGEE, frs wcc~ ssors ar.d ass~3ns, may, w~,hou: notice ro ~hz 't,04TGAOR, deat wnh such successor or successor in inte~esl wirh reference to thia
,~•tgaye and the d=bf hereby sec~~ed in the same manner as w~th Mortgagar witl~eut in any way vitiating or dixharging the Mortgagori liability hert
w upon the debr t,ereby secu«J ho saie of t!:e Frerr~ses h~reb~ mortgaged er.d no forbearance o~ the part o( the 1dORTGAGEE w its successori
~r ass~gns and no exter.s<on of rne ~~me for thr paym,ent of rhe debt hereby secured given by the MORTGAGEE or its successws ot au;gns, shall operate
re~ease, d:scharge, modify cl~ange or affett the orig~nai iia6~Lty of ~he hSORTvAGOR herein, either in wlwle or in pari.
10. It is speuficatly agreed that ti~ne is of the essen.e of thfs consract and that no waiver of any obligat~on hereunder or of the obligation se-
c:red h.~reby sha{f at any time thereafter 6e he!d to be a waiier of the terms hereof or of the instrument secured herby.
I1. In add.tio~ !o ~he (oregc:ng monthlv p~yn_r.t5 of pn~.c pal and inrerest requ~:ed by the prom~ssory no~e secured hereby, mortgagor tovenants
,-,:i ag~ees to pay ro mo:tg3gee w~th each a~u~~h~y pay~~ent an add~riona! sum _sti~:ated by mor~gayee to 6e eq~al to 1/12 0( the annual cost of the follow-
A-Alt reaf propcrty taxes levi~d or asses~ed aga~•~st thc aF;o.•e desri6•_d real es~atP_
8-Pram:u~ns on fire and w:nditarm insworca ts he:ein requ~red to be tarried on the improv?meMS sitvate on the above desvibed ptemises.
C-Premivms on such mo~t~age guaranty insurar,te as merfgagee shail frc^e t'rnx to time deem fit to carry on ihe loan seeured hereby_
A4ortgagre sh3l~ from t~n~e to t~n,e ncfify rt;o~tgagor in wr~hng of tne a-ro.:r.t due and payable hereunder and svch sum shall thereupon be due and
.~%>'c on the dve d~te of the r.~_xt mor~th!~ p3ym.ent and eac!~ succeisi~e n:onth thareafter ur.til mortgagee shall not[fy mortgagor of a charge in such
- Such sums s~a:l ~e app:~ed by mortg~g;:e sor:a•d the payre~ent of real proFe~ty taxes, insurante prem:ums, a~id mwtgage guaraniy insurance
. . -.,.~mS. ~
~ IN Y~ITNESS VJHEREOF, fhe sa:d MORTGAGOR has hereunto set his har.d and ~1., e day and year first aforesaid.
~ S~gned, Sealed and detivered in Ihc presence of: F~l~~ A!~~- ~~~'~~r~CV ~
; st.~u~,t :uM~Y flA- i n
~ ~ - - CCEY~,:~ - ~ T ??,~~~o~
~ ~ R C ~ ~ . . • ~Sea~ .
~ ~ OCt ~ ~V ~~'Z~ ~Seaq ;
aTE OF FLORIDA ~ ~
st. Lu~~e u~ -319~9 f
' iJtiTY OF y
s~fa~ ~~so~ai~ a Edwin H. Staehling, a single adult '
Pe Y PPea.ed _ ;
~ _ to me well known ar~ known to rr~e to be
$ e individwt deuribed in and who executed the fwegoing instrument, and acknowledged befwe me that he exetuted the same fw the purpose
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' W{TNESS my hand and officlal seat th~s_ ~ N~ day of October , A, D. 19 7S
~ ~-C. ~ti
~ Notary P~bfic in e (or f State of fbrida af Large
My Commiss'wn expires: ~
~ Ret~rn to: ~r r--. Aulh~cr t" "*A1[ e/ FLCP.IDA ~t (JIRCE
; S ~ ATE ~F FL:~~?:~~,
~ i irat federal o vifo.t P,~loan Associat:on DUCUMENTARY S T ta M i' r f: ) ~gp~p~u ~~~IS,1 ~sr;qnp 9Cv
~E~= ~:~F RE~E!~UE ' ~ ~E •
~ Fort P~erce. F~or~da - _ ~s M
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~ This Instrument Prepared By Richard K. Kayes
First Federal Savin s 8 Loan Association K;~~
g ~ R 244 ~25~1~ ~ ' - '
~ of Fort Pierce ~ Florida B~~ ~ ' c~ ° ; ~
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~ Checked By ~o .~I s•. - n . -
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