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9. To pl~u and coniinuously keep on ~he bu~'d~ngs now w hereafior ~ituab on ssid land and on ali equipn~nl ~nd psnonally cove?~d by thi~ mwl¢
•p~, w~~h ~11 prcmivnU ~harca? pa:d ~n fuil, lue ins.:renca io ~hs usua~ iiandard potity fo~m, in a:um spprovad by the MORiGAGEE, and wind~tum
insu~~nce in tM uswl i+and~rd pal;cy to~m, in • ium ~pprovec! by ~h~ AAORTG/~GEE, in swh company or compani~s u tM MORiGAGEE may
di~ecl~ ~nd aN (ir~ and w~ndi~orm insuraoc~ poliues oo any of uid b~~ld~nps. ~~y int~r~~~ tF?a~io o~ part ther~ol, in tM ~99rep~te tvm alaesaid w
In eaces? thereof, thall contain the usua! itandard morigayee clause or suth other d~ufe as 1h~ Mortysge~ may reqv~r~, ma?i~p Iht lo~i und~~ ~aid poli~
cies, each and every, payab~~ to said MORIGAGEE at ~n interett m~y appear, and tach and we~y iuch pohcy ~hall b~ promp~ly atsq~ed aod d~G~•red ro
~ny held by said MORfGAGEE as (urther security to sa~J ~no~~9aye debt, and, not I~a Ihan fen (101 d~yt in advance of the expiration of e+ch policy, to dr
liver fo said MORTGAGEE a renewal thereof, ~oyether with s reteipt fw the premium o1 tuth re~ewal; And ther• thall be no fit~ w wind~to~m intur~nc~
pl~cet! on ~ny of said build~ng~, any interest there~n or part thereof, untess in the form •nd wi~h ~he loas p~yaS~~ as afore~aid; and in the evenf any sum
of money becomes payabte undcr iuch policy o? poLcies isid eNORTGAGEE shall have the op~~on to reteive and appty Ihe same a+ accoum of the indebted-
ness iecured hereby w to permit tisid MJRTGAGOAS to receive and use it or any parl thsreof ta o~ner uurposrs, w~uwut th~~eb/ waivi~~g q ~mpair- •
inp ~ny eq~ity, Iien ot right under p by virtue of thi~ mo'sya9e; ~nd in fhe evcnr said MGRTGAGORS shall for any reason fail to keep ~he said premises sp _
insured, or fail to detivei p~ompfly a~y of sa~d poliurs of insu~ance to said MORiGAGEE, a fail promptly to pay tutly any pre~nium ~herefor p in any
re~ped tail to pe.(o~m, d~scherge, execure, ef!rct, car,ple~e, comply with ~nd ab:de by this covenant, or ~ny part hereof, said MORTGAGEE may plice •nd
pay fa,such in~urance or ~ny par~ fhereof w~thout waiving w effectinp any op~~on, Gen, equ~ty, or righ~ und~v w by virtue oF this Mo~tgage, a~d the
futl amoun~ of each and e.ery such paymem shall be ~mmedistely due and psyabts •nd shall bear interest from Ihe dsts thereof until paid st the rate ol ~
~ine pcr centum per ann~~n and to~rther vvith such interes! shafl Ge secured by the lien of Ihi~ mort9sge.
1. To permit, commit or suffe~ no waste, impairment or deterioration of said property o~ any parf the?eof.
S. To pay all and singular the costs, charges and expensrs, ~ncluding a re~sonable ~ttaney't fee and costs of sbstrects of title, ir~cvrr~d w paid at
sny fime by sa~d MORiGAGEE, because w in ~he event of the faiiure on the part of ths said MORiGAGOR to duly, promptly ~nd iully perf«m, d~uharg~,
e:ecute, efiecl, comptete, compiy wuh and ab:Je by eacfi and every the st~pu!anons, egfeement~, tonditions, and covenants o( said promissory ools and th;s
mortgege any w e~iher, and sa:d coses, charget and expenses, each and every, shall be immedialely due and payable; whether a not there be notice do-
mand, attemp~ to cotiect o~ svit pend~ng; and the tult a~nounf oF each a~d eve~y ~uch payme~? shsll bear intr~est irom the date thereof un~il paid at th~
~ate o( nine per cenr~m per smw:n; and ell sa~d costs, cha~ges and eapensea i~turred or paid, together wdh suth ieterest, shall be s~cured by the lien af thif
mortpsge.
6. Tha1 (a) in the event oF any breach of thi; Mortgage or de~autt on the pert of the MORTGAGOR, or (b) in the event any of ss~d tums of money
here~n referred to be not pranprly a~d (ully pa~d w~rhln th~r~y (30? days next after tne same severa:ly be;ome due and payable, without demand or notite,
or (c) in the e~rent each and eve~y the atiputauons, agreemcnts, cond~:~a~s aiid covensnts of sa~d prom~ssory noie and th~s mo~~gpe any w eiiher aie not
~uly, prw~ptly and t~lly perfonrr.~d, d~scharged, executed, effected, comp(eted, compl:ed w+th and a6ided Sy, then in eithe~ w any such svent the uid a¢
pregate sum mentioned in seid p~o~nisswy nore thrn reR~aining unpaid, with inre~est accrued, and a~l moneys secured hereby, sha{I become due and pay
ab~e forthwith, or thereafter; at the op~~on of sa~d h10RiGAGEE, as fully and comptrtety as if all of the said sums of money were or~ginafly itipulated
to be pa:d on such day, enything in sa d prom~ssory note or in thi~ Alortgage to the conrrary notwi~hstanding; and the~eupot? or thereafter ~t the opeon o(
ssid MORTGAGEE, wntwut nor~ce o. demand, awt at law or in equ~ly, there(ae or thereaher begun, may be prosecuted aa if ~II moneya sMUred hereby
had matured pr+ot to ~ts inst~t~t~on. .
7. That in tha event ~hat et the beginn~ng oS or at any time pending any ~uit upo~ this Mo~tgage, or fo fweclose it, o~ fo refarm it, or to en(orce
psyment of any claims hereund<r, sa~d MORTGAGEE ~hall apply to the Cour~ having ~ur~sd~cfion the~eof fw the appointment of a Receive~, t~ch Court shall
iwthwith appo~m a receiver of sa~d mpHgaged ptoperty a!1 and singut~r, includ.ng aii aed si~.g~iar the income, prolits, issues and reven~e~ from whatever
tource tkrived, each and every o( wh~ch, it Ix~ng exp~ess~y underftootl, is herroy mortgaged as ii speuiically set (ath and described in the grantiny and
habendum clauses hereoF, ard s:,ch Receiver shait have a11 the broad and efiec~ive funct,ons and powers in anywise entrusted by a Court to a Receiver, and
such appointment sh~It be mada by such Covr1 as an admitted eq~ity and a matter of absolute right to said MORTGAGfE, and without re(erenct to the
edequacy or inedequacy oi the va!;;e of the property mortgaged or ~o the so~vency o. ~nsoivency of said fAORiGAGOR a 1l~e defendant~, and that 'such
ren~s, pro(its, income, issues and reven~es shail be app:ied by such Receiver accord~ng to the lien w equ~ty of said MORTGAGEE and the practice oE suth
CouA.
8. To du1y, Fromptiy and luity pe~'arm, d~stharge, execute, eifect, co~r+plete, comply with and sbide by each artd every the stipuiations, agreemenri,
condit;ons a~zd covrnanis ~n sa:d prom;ssory r.ote and th~s rrortgage set forM. -
9. That in the rvern fhe oxnersh~p oi the ~nortgaged premises, w any part thcreof, becomes vestetl in s perspn other than the MORTGAGOR, the
MrJRTGAGEE, lrs waessora and ass~gm, may, wiiho~t notice to the MORTGAOR, du~ with such successor or successor in interest with reference to this
mo~egage and rhe d_b~ hereby sewred in the same manner as w~rh Mortgago. wnhovt in any way vitiating w d~stha~ging the Nlortgagars' lisbility here-
under or upon the de6t hereby secured. No sa!e oi ~he premises hrreby wartgaged and no forbearence on the pa?t oi the MORTGAGEE or its iuccesson
o~ assigns ar.d no exrens~on of :he h:ne !nr ~he payment of the deb! hereby sec~red given by the MORTGAGEE o~ its successors or auigns, .hall operate
ro reiease: d:scharge, modify change or affect the orig;nal liab~~;ty of the MORiGAGOR here~~, either in whole or in part.
10. It is spec~ficatiy agreed rha! t~me is of the esser.ce of th~s conrrac~ and that no waiver o( any ob~igation hereur.der or of the obligatan se-
cured he~eby shali at any time thereafter be he:d to be a waiver of the terms hereef or ot the instrument secured herby.
I I. In acidn~o~ ~o rfie iorrgo munth!y pa~m~ nts of Nri:.c paf and interest reqv~red by the p.om;sscry nore sec~red F.e~eb/, mortgagor covenants
and agrces to pay to r.:u-*gayee n~th each mon;h~y ~;a~~.~em an add,r~or.al sum esnn,ared by mortgagee to be eG~al to 1/12 of the annual cost of the follow-
ing:
A-AN reaf pcop~rfy ta,es !e,~~,~ o+ asscszed ,~g~i~st t'r,•. aho+e descri.~,ed real estate.
B-P~erru~~ns on f:re ard r•ir.cistor~~ insv•a~.e as he~ern req<1:.~d to be carned o~ the improveme~ts situate on 1he above described premius.
C-P~emiums on wch mongage guara-*y ir.w:a~ ce as mortgagee shall fiwn r~nr_ to time deem fit to carry on the loan secured hereby_
Mo.tga~ee sha:l from f~me to n~;e ncr~fy mcrtgagor ~n nr~ting of the amo~~: due a~ payable hereunder a~d such su~+ shaEl thereupon be due and
payab!e on the d~e ~iare ef ~ha ~~<•xs ~nor+rh:y payment end each success~ae month thereafter urtil mortgagee sha!I ~ot~fy rrwrtgagor of a chenge in wch
amount: $uih wms she;l 've ap~'icd 'oy mor.gng_c ror.ard the payment of real property taxes, insurance prem.ums, and mortgage guaranty insunnce
prcmiums.
1N WITNESS L'iHfR~Of, rne sa~d MORTGAGOR has here~nto set his hand and s^al the day and year first aforesaid. ~
Signed. Sealed and livered in the presence of: ,:ivE~ {/!-~J '/t~i -
I ` 1~-.i~"~-~. F+.t_l~ Y;~jTT c~ A. ~ :c~/% c= _C--' a~
. Sj lt!~; . ~ . ona ras
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.L~~1`/ ~ i f~!-~ ~ _ ` s1~ _ ~ x , c ~ean
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. ~ ~ • e99Y ra ~s~.o
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STATE OF fIORIDA NOV 2 24 3~~4~,
St . Luc ie ~ ~
COUNTY Of
Befere me personal{y ap~eared ~ OflFi 1 C~ Th r a s h
and
n~.~$y~~-ThYaSh his wiie, to me weN known and known to me to be
the individvaSs descrihed in ar.d who exewted rhe fwegoing instrument, end acknowledged befwe me that they executed the same fu the purposes
therein expressed. And the s~7d________ ~eC~(JJ Thrash
w~fe of "the said On Z 1 C~ R, T h t a s h upon a scparate and priwt~
exam~nat~on by me taken scpara~e and apart from her said hvsband, ecknowledged to snd before mt ihat she executed said instrument freely and volurr
tardy and without any compulsion, cona}ra~nt, apprehens~on, or fear o( o? from he~ said husbsnd.
~ WITNES$ my hand and oftic;al sral thii_ _~0 ~ day of YnVQmt~e~ A. D. 19~~
I' .
Notary Public in and tor tF? te of Florida ~t large
My Commission expires: ~ ~
Retvrn To:
First Federnl Savings b loan Asscuat.on A~,
Of Fort G•:.., ~.~.:~:~~i~/,
Fcrl P~rrce. Flcr;dj t~
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_ , N~•~ 4;~
This Instrument Prepared By Gary F, Ellwood _ _
First Federal Savings 2~ loan Association ''i : -
of Fort Pierce, Floric'a ~ ~ ' :'1 G ~
~ r~ = t ~ j"~'•. ' -
' . i i~. • i~J ~t
Checked BY~--- F ~ .
s~:..Kti ls ~f ~O~ T ~ . - .
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