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J. To pl~c~ and continuously ksop o~ ~he (w~:d~rqs now a M+eaf~er ~irwt~ on eaid !and and on ~II equip~nanf a~x! pason~lly cov~r~d by thi~ mortp• +
~s, wi~h al) premiums ~hrrcon paid in f~ll, lir• insur~nc~ in tF» uiwl •~~nd.rd po~icy fam, in ~ twn approv~d by IM MORiGAGEE, ~nd wind~twm !
in~ur~nc~ in th~ usual ~+andard pol~cy fwm, in ~ sum a~ov~d by th~ MORTGAGEE, 1~ ~uch compa~y or compani~~ a tM MORiGAGEE may
d'uKtj a~d all fir~ •nd wi~di~o~m insur~nce policies on ~ny oi s~id bviW~rqt. ~~y Inttr~~l tMr~in w part the~wf, io tl» ap9rey~t~ wm afotes~id a t
,~n ~~cceu thereof, iMll con~ain ~he uiual ua„dard mortga9e~ clau~ o~ ~uch o~hK cl~u~~ at tM Maty~qa~ m~y ~equ~r~, maAinp tM ba undN ~a~d po1F i
ci~s, each u~d every, payabt+ ro s~id MORTGAGEE a~ ime~est may ~pp~u, ~nd s~ch and ~vay iuch pot~cy ~hall a p~omptly au pnsd ~nd d~liw~sd M ~
+~y held by said MORiGAGEE ai further ietu~ily to aaid mat9+ye deb~, and, no~ le~~ then t~n (10) d~y~ in advanc~ of ~1+~ ~xpir~t~w? of e~ch policy, to dr
~~vM to taid MORTGAGEE a ra~ewal thereof, Ioge+Mr wiih s recaipt lor the premium of tuch renRw~~t +~d thc~~ shall b~ no fir• a wind~~am Insu?~~+c~
plx~d on sny ol s~id buitdinga, any interast therein ot p~rt thereof, un!eas in tM fo.m ~nd with tM lou payabl~ af ?taesaid; and in th~ tv~nt any sum
oi mon~y becornes payable unde~ such policy a pol~ciei s~id MORTGAGEE shall hav~ ~M op?~on to receive and apply ths ~amt on ~ccount of tM indtb~ed
ness iecured hereby a b pern+~1 said MORTGAGORS lo reteiw and uf~ (t p•ny par/ thercof for other pu~poses, wi~hout ~hNeb~ waiviny o~ anpain
inp any puity, lie~? w~ighl vnder a by virwa oi this mo:tga9e; and i~ ~he ~vent s~~d MORiGAGORS ah~Il fw sny reeion fiil to keep Ihs s+id prfmises w
intuted, w fdI ro d~liver promptly any of ~aid poli~ie~ of insursnce to taid MORTGAGEE, a fail promptly to pay fully any premivm therefw or i~ any
respect tail to paform, discharge, •xccuts, ~ffecf, complera, canply wi~h and abide by thtf cov~~ant, a any part M~eof, said 1NORTGAGEE may p~~ce and ,
pay fw ~uch insurance or any pa.t thereof w~thou~ waiv~np or affet~ing sny optian, lien, equ~ty, w riph~ under a by vir?w oi this Mat9~e, and the
full amoum of eacA arx! eve~y such paymem shatl be immed;ately dve end pey~ble and ~hall be~r I~t~reit irom tM datt thereof until paid at tM rate ot
nine pe~ centum per snnum and to~ethe~ with iuch interest ihali tx secured by fM lien of thii mortQ~ys.
1. To permFt, tommil w suffer ~o wsste, imp+icment w detera~ation of said property w~ny part thereof.
5. To pay all ~nd tinpuls~ the cwts, charges +nd expenses, including a reawnabla attansy'~ te~ and costs of ~bstncts of titls, incwred o~ paid ~t ;
eny time by said MOiiiGAGfE, becavse w in thc evsnt of tM failuro on Ihe part of tM said MORiGAGOR ro duly, prompNy and fully pafwm, d~uM~yt ;
execute, eHect, complets, comply w~th and ab:de by each and every ~he itipulatans, agreeme~ts, conditio~, and mwrtants of said promisauy nots and thu
mwtg~ge any w e~ther, an~ sa~-J costs, chsrges and expenses, each and every, shatl b~ inwncdiatsly due ~nd payable; whe~her a not the+~ b~ notke de
mand, ettempt to co~lect or wit pend~ng; end the ful! amo~nt of exh and e~ery such paymcnt ~hafl baar i~derett f?om the dat~ thereof until pald at the
rate of nine per centum per snnum; and all said costs, charges ind expenxs inturred or paid, tog~the~ w~th iuch in~~rest, shal! be ~ecured by ~he lien of thi~ •
mwtpaye. ~
6. That (a) i~ the eve~t of a~y b~each of tfiis Vbrtga9e a default on the part of tF?e MORTC•AGOR, or (b) in ths event aey of s+~d swns of monty ~
herein r~fcrred to be not prompHy a~d fully paid w~~hin Ihi~ty (30) d~ys nex~ aiter ~he same severally become due •nd payeble, wi~hout demand a notics, ~
or (c) in tl~e event each and eve.v the s?~put+t~ons, ~greemen~i, cond~~~ons and covenants of ia~d promluory note and th+i mortg~ye ~ny a ~ither u~ no1 f
iuly. promptly and i~tly psriamed, d~uharged. execu~ed, affected. completed. compl~ed wi~h and abided by. ~hen in e~thsr w•n~ such ~vent tlw said sp~ ~
gre9ste aum memaned in said p~om~uory nole then rema~ning unpaid, wilh interest accrued, and a!I moneys secured hereby, shall betan~ dut and p~y~ ~
able forthwith, w thereafte~, at the opt~on of sa~d MORTGAGEE, as fully and canpte~e~y es if a:t of ~he said sums of money were ori~inally stipui~ted
to be ps~d on such day, anything in sa,d prom~ssory aote or in this Mortgage to the con~~ary ootwiths~snding; and thereupon w thereafter N the option of
said MORTGAGEE, wi~hout rwtice o~ demand, suit at law w in equity, therefore w thercaite~ begun, may be proseculed as if •11 money~ sstured hereby
nad matured pna to i~s i~u~rution. F
7. That in tM event that at the beginning of or at any time pending any wit upon this Mortgage, a to forecbse if, or to refwm it, or to enforp ;
payment of any cia~ma hreunder, said MORTGAGEE shall appiy to the Court haviny ju~~sdrc~ion ~hereof for the appantment of ~ Receiver, such Court shall ~
Furihwith ~ppoint s receiver oi eaid mortgaged property atl and sirgu~ar, includ:ng all a~ singular the income, profits, iuues and revenuet irom whatever ;
source derived, each and every of wh~ch, ~t he+ng expre:sly ur?~rs+ood, is hereby mortgaged as if speuficaliy set fath ~nd dewibed in the pramin~ a~d k
habendum ct~uses hereof, snd auch Receiver shall have alt the brosd and efiective funcnons and powers in anywise entrusted by • Court to a Receiver, •nd ~
such sppointmenf shatl be made by such Court as an admitted equ~ty and a matter of absolu~e right to said MORTGAGEE, and without reference to ih~ }
edeqvacy a ir+a~eqwq af the value of the properry mwtgaged or to the sowency w inwlvency of ta~d MORiGAGOR p fhe deftndantt, and that such ~
rems, profits, intome, issues arxi revenues shail 6e applied by suth Reteiver eccord~ng to the iien ot eqviry of said MORTGAGEE and the pr~ttite of wth ~
Cou?t. i
8. To duly, promptly and fully paform, di~chsrge, execute, effect, compiete, comply with and abide by ach ~nd ~very 1M stipulatiorK, apraemenri, ~
conditions and covenant~ ~n said prom~ssory rwte and this mwtgage ut fw~h_ i
p g g premises, p an
9. Thst in the event the ownersh~ of the mo~t a ed y part thereaf, becomes vested in a p~rson othe~ than the NWRTGAGOR, ths ~
MORTGAGEE, its succesaors and ass~gns, may, wi?hout noticE to the MORTGAOR, deal w~th such suueuw a tuccessor in iMerest with reference to thia F
mortgage and the deb~ hereby secured in the same manner as with Nbrtgagw without in any way vitiatiny p discharging the Mwt9agat' liability hert i
under a upon the debt hcreby sec~red. No sale of the prem~ses hercby mortgaged and ae iorbearance on the pa~t of the MORiGAGEE a its suaessors
or assigns and no eatensio~ of the time fw the payment of the debt he~ety s¢cured given by the MORTGAGEE or its successors w auigifs, slwll operate
~o release, d~uharge, modify change or affect tF~e o~ig+nal liab~i~ty of the MORTGAGOR herein, either in whole a in part.
10. It is spec+~icafty agreed that t~me i~ of the essence of fhis corsrac~ and that no waiver of any obligation hereunder or of the oblgation se-
cured hereby shall at any time thereafter be held to be ~ waiver of the terms :~ereof w of the instrument secured herby.
11. In add:tion to the forego:ng monthly payments of princ'pal end interest required by the promissory note secured hereby, matgsgor covenanis
and agrees to pay 1o mortgagee with each monthly paymeM an add~donal sa~n estima~ed by mortgsgee to be equal to 1 j 12 of the annval cost of the follow-
ing:
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A-All reat property taxes levie~ or assessrd aga~nsl the above dcsvibed real estate. =
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i B-Premiums on f~re and wir.dsrorm insurartce as herein requ~red to be carried on the imp~ovements situate on the above described ptttnises.
~ C-Premiums on such mortgage guaranty insurance as mortgagee shall f~om time to time deem fit to carry on the ban secured hereby.
~ htwtgagee shali 4rom time to time norify mortyagor in writirv~ ot the amount due and payable hereunder and such wm shall thereupon be due and
€ payable ort the due date of the next manth!y payment and each successive month tacreafter untit mortgsgee shall nolify mortgsgor of ~ change in svth
~ a~nount. Such svma sFail be epplied by mortgagee toward the payment of real property taxes, insu~arxe prem.ums, and mortgage gwranfy insurance ~
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR hjs herevmo xt his hand and seal the day and ear fint aforesaid. ~
~i Signed, Sealed and delivered in the presence of: ~ ~1 '
I fu.fo,at~o t~~ ~~G~~-~C /l; `~~~~~'i- ~s..q ~
S~.~UGE C~~ C i ~
~ ROC.EA Pttt~iLLf ~
_ CLEAK C?RCWT ~
: - , 4 RECOen vEP~f!f~.~-
o ~
STqjFiOF FLORIDA ~ ~ ~ ~
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LOUNTY Of S} • L'.iC~@ # ' ~f'~ i
Before me personally sppeered ~s,rl J. Reddish ~ 14~~_~ ~nd
' Tp3Y1 G. Redd? S}: his wiie, to me we!I known end known to me to b~
rhe individuab described in and wFw executed the foregoing instrumeM, and ackrwwledged before me that thsy exetuted the same for tM purpos~s
~herein eapressed. And the said J==s27 G. Reddis~:
wife of ths said ~~Y'1 t~~'-uf~1S~1 upon • aep~r~te and privat~
~ examination by me taken separate and apart from her said husband, sckmwtedged to and befor~ me that she executed s~id irqtrumeM freely ~nd vol~m- ~ i
~ ~ari{y and w~thout any compuision, constrainL apprefiens~or?, or fear of or from her aaid husbarsd.
~ WITNE55 my hand snd official seal thia 25t~ day of D~Ce~'=~er A. D. 19! ~
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~ tsry Publ'K in ~nd fw the Sute of fbrid~ at larp~ ~
~ . My Commission expiret:
~ Retum Ta ~
e first Federal Savings b laan Aswciation Notary Pubrc, StaM of P{orido et larqA
My Commisvat Exares April 15. 1976
Of Far! P~erce. 5
~ fort Pierte, Flo~~da Bonded by aMrictx~ fltQ a Coh~1~ ~ ~
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This Instrument Prepared By h'~- RDberts, ~'r. _ ~ 0 ~ ~ ~ ~ ' ~
s ~
First Federal Savings 8 loan Association Y~'~~ ' 4 ~ '
of Fort Pierce , F1n"' 3 31: - ` ~ = ~
° ~ ~T F~~~_ 7~3 : ~ ~ ~ _ ~
~ 6~i,K • d',~ • .
Checked By ; v' ' O : . ~
. ;y'•• ~
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