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Home My WebLink About2329 To piacr ~nd contln~~ousiy k~ep a+ tM building~ now a MreahN ~itwt~ o~ a~id 4nd u~d on alt puipm~m Md pe~wnally covK~d by this mort~ egs, witl~ ~11 pnmiwns thereon pa~d i~ full, fir~ i~svranc~ in tM u~ual ~~and~rd policy (wm, in a sum ~pproved by tM MORIGAGEE. ~~d wl~tam inswanc~ in ~M uiwl ~~andud pol~cy tam, In a wn+ apprar~d by ~M MORTGAGfE, in wch compa~r or companws a tM MORTGA(3EE m+y ` direc~j ~nd ali fir~ uid windaorm i~uuranc~ polkies on any of ~aid buiW~~ps. ~ny inqr~~t IhaeM w p~rf th~r~of, in th~ pq~syN~ w~n ~tw~saW w . in ~xcess tl+awf, ~MII conr~in th~ uswl ~~andud moriq~ clws~ or such othsr dws~ a tM Ma~9ape~ mnr ~~qvd~, ma~lnp tM lou urd~ taid poi4 - dK. ~acA uid ~very. p~Yabt~ b s~id MORTGAGEE as its i~~aeN maY ~pp~ar. and each +nd ~vay such poticy ihaN be pramptly ~ss.yn~d and d~livK~d ~o ~~y M~d by atd MORiGAGEE ~s fwther secw~ty ro ~7d mort~ap~ debt, ~nd, not I~u thao ten (10) d~ys in ~dv~nc~ of d~ ~xp'u~~ion of e+ch policy, 1o d~- ' I~vsr to ~aid MpRTGAGEE • renew~l th~nol, top~rF+M with ~ rac~ipt iw tM p.emivm of iuch roMwalj ~nd ~h~n shall b~ no fi~~ a wi~d~tam i~ur~rit~ ` plaead on My oi wid bui~dinys, any inter~sf Ihtretn or part tMreoL u~tea~ in the fo~m snd with 1M los~ payabl~ u ~ta~saidJ and in ~h~ ~vent any sum of monty b~coine~ pay~bls ~nJer wch pollcy a policiti wid MORTGAGEE sMll haw th~ optan ro ~ectiw ~~d apply tM s~ms a+ ~tcoum of tM indeb~ad ness setur~d htrsby a to p~rmit faid NIORTGAGORS ro retaiw and us~ it p ~ny pa~t lhereot fw olhc. purposes, wi~houl thareb~ waivi~ig Or ~mp~ir- iog ~oy pvitp, litn w ~i9ht wKkr or by virtw of Ihi~ mors~r ~nd in tM ~vem y~d MORTGAGORS ~hall fw any ..aw~, fail ro keep ~M s+~d p..m~ses •o ~ inaured, or t~I) w deJiva promp~ly ~ny of uid policies oi i~w~nce lo said MORTGAGEE, w(si! promptly to pay fully any pr~mwm therefor a in any respecl f~i) b pNfwm, dixharye, executs, e(fect, comptete, comply wi~h ~nd abide by this cov~nant, a any part he~~ot, taid MOR~GAGEE may plac~ and ~sy for such insuranc~ or any Rart thereof wi~hovt waiviny or ~ffectiny any option, lien, eqvity, w right undsr a by virtw of ~hii lAat9ap~, ~nd the full amount oi eech ~~d every iuch p~yment ih+U b~ immedi~tely dw snd payable ~nd ~hall bear int~~est irom ths dat~ the~eoi umil paid at th~ rat~ of ninp per centum per an~um and to~ethe~ w+~h iuch interest shail be secured by fM 1'~en of thi~ mortpaye. 1. To permit, cw~unit w suffer no wasts, impairrtKnt a deteriwat;on of ~aid property p aoy parf thereof. S. To pay ~II ~nd yingutar ths costs, cMrge~ ~nd expenxi, including a reawrwbl~ ~tfaney's fes a~d coi» ot abst~ac~s of titl~, inevrred a paid at eny time by ~aid MCRZGAGEE, becauss a in rhe evtm of the failure on the peh of ~he s~id MORTGAGOR to duly, promptly ~nd fu:ly pertorm, d~scharyR execut~, ~f(ca, complete, comp~y w,th and sb'~de by ~ach and every the stipulat~ons, igremnents, caxlitiau, and oownsnts of u~d promissory note and ~hia morrgage ~ny or ei~Acr, and sa~d costs, charges and eapenses, each snd every, thall be immediately dw snd payabl~; whetMr a not thert be notiu dr mand, attempt ro collect or suit pendinpj and tM fvll amount of each end every such paymeM ihall bear in~eresf from ~M d~t~ tF~reof vntil p~id at tFK .>>e of nine per ccntum prr annum; and all wid cos~s, charges and expenses irxurred or paid, topelher wAh s~th interpt, ~hal) bt sKUr~d by iM litn of lhis mortyage. 6. That in tF~e event of any breach of this Vlortysgs or defwlt on the part of the MORIGAGOR, or !b) to tM ~vsm ~ny of s+;d ~ums of mon~y herein referred to be not promptly and fully paid wi~hin Ihirty (30) days next afier the same seve~~lly become due and payaWe, witiwW dem~nd or notice. or {c) in ths evant each and eve~y the itipulations, agreementa, cond~tions snd covenants o( sa~d promiuory not~ end th~s maf9ags any or either a~~ nW ~uly, promptly and (ulty performed, d~uharged, executed, efEcaed, completed, compl~ed with and ac~ded ~iy, then in either p sny}uch evtnLfiw said a¢ gregat~ wm meMwned in said promiuory note tF?en remaining unpaid. with ime~esl xcrued. and all moneys setured ht«by, shall beconk dw and p+y- eb!e fathwieh, p rhereafte~, at the oprion of ssid MORTGAGEE, as fully and compictely as il all of Ihe said wms of mq~ey we~e aiginslly ~t~putated ~o be pn~d on such day, anything in sa~d promissory note w in this Mortgagr to ihe contrary no~withsrsnding; and thereupon q thcreafter at ths option of sa~d MORTGAGEE, w~thout no~ice w de+nand, suit at law or 1n equity, thersfwe or thereaher beyvn, may bs prosacuted u if all moneys setur~d hereby n3d matwed pnor to it~ institution. 7. That in the event that at the beginn~ng of or st aoy time pend~ng a~y suit upon this AAortgage, a ro faeclos~ h, or to ~eform i1, or b enfo?q paymenT of any claimi Furevnder, seid MORTGAGEE shsll apply to the Court hav~ng j~risd:ction thereof for the appointment of s Receiver, wch Co~n shall forthwith appoint a receiver of said mortgaged property alt and singutei, inttud~ng all and singular the income, profits, fuues and rtvenues irom whataver scu+ce derived, each snd tvery of which, it being expressty understood, is hereby morrgaged as if specifitally set fath a~d dewibed in tIN prentinp and habend~m davses hereoi, and such Rcceiver shall have all the broed and effective funct~ons and powe?s in snywise entruited by a Cowt ta a Reteiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said NWRTGA6EE, and without refirerrce ro the adequacy a inadequacy of the va(ue of the prope~ty mwtgaged or to the so:vzrxy w inzolvency of said N1ORiGAGOR a tfie defendants, a~?d that such re~rs, profin, income, iuues ar+d revenves shall be app{ied by auch Receiver accwd~~g to the lien w equity of said MORTGAGEE and the practice of wch Courf. 8. 1o du1y, promptly and fully per(orm, discharge, exccute, effect, cornplete, comply with ~nd abide by esth and every ths stipulations, agreements, conditiona and covcnanrs in said promissory note and ~his mortgage set fath. 9. That in the event the ownership of the mor~gaged premises, w any part thereof, betomes vested i~ a perion other tMsn the 1NOR:GAGOR, th~ :'^RTGAGEE, ifs successors and assigns, may, wi~houl no+ice to the MORTGAOR, deal with suth tuccessor a wtcessor Fn l~ferest with reference to this mo~tgaye and.the debt hereby secured in the same menner as with :4lortgagw without in any way viti~ting or disthugirg the Mort9agon' liability her? under or upon the debt hereb~ secured. No ule of the Fremises hercby mortgsged snd no fwbearance on ~he part of the k10RTGAGEE a iri successon or assigns and no eate~sion of the time 1or the payment of the debf heieby securtd given by Ihe MORTGAGEE or its tuctesson or assigra, shaH operaq ro re!ease, d~xharge, modify chsnge w affea fhe orip~nal liab~iiiy of ~he MORTGAGOR herei~, eitha in whok ot io paH. 10. It is specifically agreed that time is of the csxnce of this contrad and that no wsiver of ~ny pbligation hereunder q of th~ obl'gafion se- cured hareby sh~ll at any time the~eafter be heW to be a waiver of thr terms hereof or of 1he instwment sec~red herby. 11. In addilio~ to the foregoi~x~ mooth!y payments of princ'paf and interest requhed by the promiuory no?e secured hereby, mortg~gor eovenants and agrees to pay to r.wrtgagee with each monrhiy pay~:~ent an addnions{ tum est~mated by mortgagee to be tqval to 1~12 of the annual cost of the follow- A-A{I real prop~rty taxes levied or asse:sed against the abave desc+ibed real cstate. B-Premiums an fire ar•d wirtdstorm insurarce as herein requ;red to be carried on the improvemeah situate On ths ~bOVe dtsvibed premises. C-Premiums on such nwrtgage guaranty ir.surar~ce as morrgagee shali frem t~me to time deem fit to carry on the ioan secured hereby, Mortgagee shail from t]~ne to t~me notify mortgagor in writ~ng of the amount dve and paysble herevnder and such sum shall thereupon be due and c.a.ab!e on the due date of the next monthty paymem and eoch successive month thereahrr ur.til mortgagee shall nofify mortgsgo~ of a change in such z•-.ovnt. $uch sums sF:alt be applied by mortgagee toward the payment of real properry taxes, insurance pr~m:ums, and mortgage guaranty inwrence n'emiUms. f IN WITf3ES5 WNEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. E Signal, Sealed and delivered in the presence of: ~ _ .~-1~~ M o~ttl`-~N t~.e.r l~ S cse.n ; - ~ n ; ' ~n I ~ 5"ATE OP FLORIDA ~~:UNTY OF St. Lucie ( 1 ~ Before me personaily apaeared Timothy Phillips Tpra> ; n- Phi~ ~ DS his wife, to me weli known and known to me lo bs rh: indrv~dwls described in ~nd wFw executed the fwego+ng instrume~t, and acknowledged be(o?e me that they exetuted tlx same fw the putposes iherein expressed. And the ssid Jeraline P~11ZZ1DS " € .-~f~ of the sa~d T1IDOt}ly Phillip~ vpon • separate and priv~t~ ~ e.~m~nat+on by me tsken ssparate and apan {rom her said husband, acknow;edged to and before me that she executed said instrument freely and volun~ ~ ~ a*~iy and without any compuision, cortstraint, apprehension, or fear o; or from htr taid husband. ~ WITNESS my hand and offic~al seal this 3rd day of November A D. 19 75 s ~ ~ Noqry Public in a or t tate of Florida ~t Larye ~ My Commiuan ex 'res: ~ Return To: ~ First Fedtrsl Savings b loan Associat~on NOTARY PUBUC. STATE d FLORIDA ~t LARGE ~ Of Fort P:erce. Mr COMMlSS10N Df%RES IAN. 7. 1~77 Fort Pierce, Flo•ida ~a ~ w11Nf~qll B/IIYHi Ip~111MN ~ . , ~ - ~ . ~ , ~ t:~..i.l~+~.`., fy . V ~ ~y c g fILE~e.r°• =~~.:un0E0 : ~ ST. lt1C~ [ c ~ v ~ : ~ ;f , : This Instrument Prepared By RiChard K. ~~MTI' F~,~. ~ Kayes R;~,~ • =.,~~Res . Y .Y _ ~ First Federal Savings ~ loan Association CC_~r ; ~ .~;f; L~~R= v : ~ • r' IOZ1C~ • r x O. ~ ~ _ ~ . ~ _ i ~ of Fort Pierce , a , . - - : ; F~ ' p : ; Q : : ._i . r. ~ • Checked By ~ ~ . b _ : ~ wo~ i ~ ~ i s3 AH ~ ' ~ . ~ ~ ~ 7 J G • - • t~' , ~ ~ ~ 4 ~ ~T~~C~ ~ R r> ~ ~j ~ • ' , ~'~-NtE~tt~,•;t~~- s . ~ ~~:uK i.r~•J PAGE~(.~V ~ S ~ ~ -•'~-he r, r ~i . . ; . . - - _ - ~ - - - - ~ . - . -=-r - _ - - - ,Sr ~c-- 4 ~ - ~ , y~'3 , _ . d ~ y'w ~