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To piac~ and con~inuously keep a+ Ih~ bui!d~rp~ now w MrraitK ~iwet~ on ~ud land and oe~ ~fl equipm~nt and p~rsonally tavN~d bY ~~?i+ ~~9' ;
~y~. wi~h ~I! pt~mivms thereon pa~d ~n fu11, iir~ intur~nc~ in ~M uw~l s?~ndard policY tam. in a~um ~pprov~d by tM MOR~GAGEE, u+d wind~tam ~
rnsuranc~ in tM uiwl uanda.d poi~cy fam, in • sum ~pproved b~ ~M MORTGAGEE, in such compa~y a ooe+~ni~s u ~M NWRTGAGEE in+y ~
dinctt and all (ir~ and w~nditorm irou~anc~ policiet on a~y of ~.id bvi?d~~p~, .ny tn~•~•s~ rFarein w p+n rh.r•of, In the ayprepN~ wm alwesaid a
in exass tMrsof, ~h+ll conraln ~h~ v~uat ~tandud matpa9se cl~vs~ a ~uch otM~ N+us~ ~s tht Mwty~yN may rpu~n. matinp Ih~ lou vndK ad Od~
cies. ~acA and wNyr. paYaba ro said MORTGAGEE ~s ~ts i~tere~t m~y appear. and e~ch and ~very such po~icy shal! bc promptly ~ss.9ned snd dsliv~rsd fo
~ny h~Id by ~aid MORiGAGEE ~s Iwther s~cvrity to ~id mort9ty~ deb1. a~. no1 I~ss tMn 1a? (10) days in ~dvance of t!w ~xpi~~tion of ~ach policy. ro dr
I~vN to ~aid MORTGAGEE • r~n~wal tMrwf, ~opether with • raceipt iw tM premium o( ~~ch renew~l: ~nd ~F~er• sh+ll b~ ~+o fU~ a winds~am inwr~nc~
pl~nd on sny of s+id bvildinps, eny inreres~ tMrein o? pan thereof, unless in ~he iorm ~nd wi~h ~M los: payabl~ si afa~said: ~nd ~n tM ev~M ~ny sum
of moMy,becomes payabl~ vnder such policy or policiss said MORiGAGEE shaN Mv~ tM oplwn to race7ve ar+d ~pply tM s~m~ o~ +ccount of 1M ind~bted~ r~
n~u s~cw~d F+ereby w ro ptrmit ~aid MORTGAGORS ro ractiw and us~ lt a any pan ~hereof fa othe~ purposet, w7~Fwut ~Aareb~ waivin~ w~mpair- ,
iny any p~ity, li~n or ripht under a by virtw of this m~t9ayst ~nd in IM evsro uid MORiGAGORS sMll fot any ~easo~ f~il ro kt~p tM ~+id prtn+~sas sa
In~~~ed, p f~il to deliver pranptly ~ny of said policies ol inzwanu to said MORiCsAGEE. w fail promptty to pay fully any pr~mivm ~hetefa w i~ +ny
respect fail b pKtam, dischargs, ex~cu~e, effact, coRiplets, canply with end abide by this car~naN, or anY part hN~of, said MpRTGAGEE may p~ac~ ~~d •
pay (w such Insurance w a~y p+rt Ihereof witAout wriviny a affx:ing any op~~on, li~n, equity. or ri~h1 under a by virlw ol ~F~i~ Mortyap~, a~d tht
futl amo~M of ~ach and ~vtry such payment shall be immedi~tely dw a~d payable arxl ah~ll beer intere~l from tM dat~ thsr~of un~il paid at tM r+~~ of
n+ne pa ceMum per snnum and tc,geiher wifh iuch i~terest shetf be secured by the Gen oi thit mort9ege.
To permit, tommit w iuffer no wasts, impairment w deterior~tion of said property w ~ny psrt the~eof.
5. To pay •11 and tingular tha cwts, charges u+d expenaes, including • reasanable anwney's (ee a~d cost~ of ~bstratn of title, i~curred a paid a1
a~y time by said MORiGAGEE, bccauu a in the event of the failure on the pan of ~hs s~id MORTGAGOR to duly, promAlly +nd fu~~Y Pe+form, d~xhugt
execut~. tffett, tomplets. compty w~th and ab~de by each and every ~he stlpulatwns, agrecme~q. conditions, and corenants of said p~omissory nott and ~his `
mortgiye a~y or e~ther, and sa~d cosq, cMrges and c:pensos, cach ~nd e~ay. ~hall be immedia~ely due snd payablr, whether a no1 there be notice d~ ~
mend, attempt 1o collect w svit pending: and ths full amount of eath and every suc1~ payment ahatl beu iMeresl irom tFN dN~ thereof tmtil paid ~t the
~ate of niree per cantum per an~~um; and all aaid costs, charges and expe~ses ~ncurred or paid, togethe~ wnh such inferest, sFwll b~ setured by the lisn of thiu
mort~aye.
6. Thst (a) in ~he ever+t oi a~y breach of this Nbrtgage w default o~ the part of the MORTGAGOR, or (b) in ths eve~t any o~ ~aid sums of money
herein referred ro be oot promptly and futly paid w~thin thirfy (30) days next aNer iAe aame severally becort+e due and pay+bte, without dem~nd or notice,
or {c) in the event each ~nd every the st~putafions, agreeme~ts, cond~tia+s and covemnts oi sa~d promisswy note and th~s mortg~ye +ny o~ tither art nof
~uty, promptly and Iulty performed, d~scharged, exetuted, effected, campkted, compfied wnh end abided by, then io eithe~ o~ ~ny such event th~ aid aQ~
gregats wm mentianetl in taid promisswy note then remaining unpaid, with imerest eccrued, and atl moneys ~etured hereby, shall becoe~e dw and pay-
eble (orthwith, w thereafte~, at the option of said MORiGAGEE, as fvtly and completely as it all of the said wms of monty were aginally stipulated
to be paid on s~ch day, anything i~ said prom~sswy note w in this Mortgage to the conerary notwithstanding; and thereuppn a fhereafta a1 the aption of
said MORTGAGEE, without notice w demand, s~it at law w in equity, therefore or thereafter be~un, may be prasetuted u if all mo++eys setursd Aereby
had mat~red prtor to ib iratitvtion. .
7. That in the event that at ~he beg;nning of or at soy time pe~+ding any su~t upon this N~wtgsge, w to fweclos~ it, w to re{orm it, q ro enfwce
peyment of any claims hereunder, said MORTGAGEE shsll apply to the Court having ~ur~sd;ction thereof fot tt~e appointmeM of s Receiver, such Gourt shall •
forthwith appoi~t a receiver of said mortgaged property nl! and singular, includ~ng aIl aod singu~ar the intom~, profits, issves ~nd revenues from whsteve?
teurte daived, each and every of whKh. it being eapressly undentood. is hereby morrgaged as i! speci(ically set forth and dewibed in the yraMing and
habendum clauses hcreof, and such ReceivH shall hava aH the brosd a~ ef(ecrive fvr.craons and powers in a~ywise entrusted by ~ Cour1 to a Receiver, ~nd
:uch appointmer.t shall be made by suth Court as an admitted equity and a ma~ter of a6solute right to sa7d MORTGAGEE, and withwt reference to the
edequaq or inadequaty of the value of the property moregaged w to the so~vency or ~nsolvency of sa~d MORTGAGOR w the defendints, a~d that such
renrs, protits, income, issues and revenues shall be applied by such Receiv~r accord~ng to the l~en a eqvity of said MORTGAGEE x~d the practice of such
Court.
8. To duly,- prompt;y and tully perform, d~scharge, execute, effect, complete, comply wilh and abide by each ~nd evety the. stipvlafions, agreemeets,
ronditans aod covenents m sa+d prom~ssory note and this mongage set forth.
9. That in the event the ownership of the mortqaged premoses, or any pa~t thereof, becomes vested in a penon other than ihe MORTCiAGpR, the
MORTGAGEE, i+s successas and assigns, may, wiihout notcce to the MORiGAOR, deal with such sucteuw a successoi in inte~est with teferente to ihi~
mortgage u+d the debl hereby ucured in the same manner as with Mortgago. without in a~y wey vif+atiag w discha~ging the Nbr'g~gors' liability hera
under or upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and ~o fwbearance on tM part of the 1~10RTGACaEE or its successors
or assigns and no exeensron of the eime ior the payme~t of the debt hereby secured given by the IUIORTGAGEE or its aucceuors or auigns, shall operel~
ro releas~, d~scha.ge, modify chsnge or effect the original liabifity of the MORiGAGOR hereie, either in wfiok or in part.
10. It is speuficatiy agreed that time is o~ the essence of this controct and that no waiver of •ny oblipation hereur~dd or of tFu obUgation se-
cured hareby shall at any time thereafter be held to be e waiver of the !erms hereof or of the instrument setvred herby.
11. In add:tb~ to the iwego'ng mon!h?y paymeros of princ pal and interest required by the promissory nole secured hereby, mortgagor covenantt
end ag~ees to pay to mo:tgagee wi~h each monthiy pay~~ent an add~nonai sum esnmared by mwtgagee to be equal to 1/12 of tix annual cost of the foliow-
in~:
A-All real property taxrs levied or assessed agaiost the above descrlbed real estate.
8-Premiu~ns on firt and windstorm inaurar.ce as herein r~u~red fo be carr~ctl on the improveme~ts situate on the above desvibed ptemises.
C-Premiums on zuch mortg~e guarar.ty ir.surar,ce as mortgagee shail irom t;me to time deem fit to wrry on the loan secvred hereby.
~ Mwtgagee shail from fime to time not~fy mvrtyagor in w~it~ng of the amount due and payable hcreunder and such sum sha11 thereupon be due and
~.ayable oo fiie due date of the next montn:y payment and each successive month thereafter ur.til martgagee shall notify mortgagw of a change in such
a~ount. $uch sums s1:ai1 be appiied by mwtgagee to,ti•ard the payme~t of real property taxes, insurance p~em:ums, and matgage guaranty insurante ~
n~emiums. F
IN WITNESS YlHEREOF, the said MtOR7GAGOR has hereunto set his hand and seal the day and ytar firsf aiwessid. ~
Signed, Sealed snd dei~vered in the presence of: ~
:EyURUED ~
- ST`it~~' ',3iNt~ ftA- ~ ~n ~
_ ' C' F~r,, j-Jy,~?
U~j }
a'. ~ ~ . . ' ~y+~
STATE OF FLORIOA ~In.l'~ ~v 3~ ~
~ ~i1 a~~~
cour,n oF St. Lucie i
Before rrK penonally appeared Pau 1 M Green ~ .~+a
$VZVla M. Green his wife, to me well known and known to me to l»
the individvats dexribed in and who executed the foregoing instrvment, and acknowledged before me that they executed the same fw the purposes
~nerein expreued. And the said $VZVla M. Green
wHe of the said Paul M Cr~~n upon a sepsrats end privat~
?xam~nation by me taken uparate and apart from her said husband, acknowledged to and before me that she exetuted said instrument freely and vol~n-
ranly a~d w~thout any computaan, constraint, apprehens~on, or fear of or from her said husband.
WITNESS my hand and offic~al seal this_~~^ dey of A- 19-~
Notsry Public in and iw the ate of brida ~t larp~
My Commiuion eapires:
Return To:
NOTARY P!?~t!C. ST~TE ot FLOP.lDA at LARGE
Fint federal Savirgs 6 Loao Associat~on ,~,.y-.~.
IAY CC'• E!(FiRES IAN. 1. 1911
Of Fort P~erce.
BOtld~d Li n~~ittrcan w.'u~ts ?Otut~dt!
Fort Pierte, Florida
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This Instrument Prepared By RiChard K Kayes
First Federal Savings 8 Loan Association . ~ " ' ~ '
A , o ~
of Fort Pier e FlOrida Q R ~~A ~ pr /Aj '
~ f AYL l~~~ • J: r~ ' _
BOt~K r.~z : _ ~ ~ -
Checked By~ :~c~', : ~ ; ~ ~
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