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Home My WebLink About0135 9. To place and continuously ktep o~? the bu~ldings now w hereait~r uwa~e on said land ~nd on ~II aquipment and p~ttonally tov~r~d by thi~ ma?¢ p~. wilh ai) p~tmiums thereon paid in lull, fire insurance in the u~ual standsrd policy 1am, in a~um approv~d by Ih~ MORiGAGEE, and wind~tam i~w~~nc~ In th~ usuat standa.d po1Ky fwm, in a sum ap~uoved by tM MORTGAGEE, in ~uch company a companiq u ~h~ MORTGAGEE may'."`~ dutctJ and all 1'a~ and wiml~~orm insurance pof~urs on any of ~a~d build,nps. any lnier~st therti~ w put tMreof, in tM ap9re9~t~ wm afassaid ort"~'~ In ~xc~t~ thereoF, shall contain fhs usual standard mw!9agse clause a auch o~Fx~ tlaut~ ai IM Matqagq m~y requ~r~, makinp IM losi undt~ sa~d poli~ ci~~, each ~nd ~vKy, wyab~a to said MORTGAGEE as ~ts in~ere~t,may appe~r, ~nd esch and ~ve~y tvch policy shatl b~ promptly au,9ned and d~tiv~red ro +~r he~d 6y seid MORiGAGEE es fur!har security,(otaid mortgage deb~, and, not lesf than ttn QO) dayf in advance of tM eapi~a~ion of txh policy, roda IivN to said MORiGAGEE a ~enewal ihercof, ~oye~het w~th a ~ece~pt for Ihe piemium oi such renewalJ and ther~ shall be no f~r~ or windsto~m inwranc~ pl~ted on a~y of uid bui!dings, any i~uerest Iherein or p~rt Ihereof, unless in Ihe form ~nd with tM lou payable as afw~said; ~nd in 1h~ ~vtnt any wm ' of mon~y becwnes payable und~r such policy w pol~cies t~id MORTGAGEE shall fiavs th~ opt~on lo ~eteive and ~pply the wme on accovm of tht indebted- neu setured hereby or ro permif ssid MORTGAGORS to'Feeeive ~nd us~ it p any part thereof for other purposes, wi~fiout thsreb~ waivi~ig q wnpair- ,~:r inp any equ~ty, lien ot r~ghr u~der a by virtue of this mortgage; and i~ the event wtd MORTGAGORS shall for any reawn fail to keep tl+e said premises w 1~ in~ured, a~ (ail lo d~l~ver promptly any of saiti policies o( insurante to said MORTGAGEE, w fail promptly to pay fulfy any premivm therefw p in any ~ raiped (ail ro pNtorm, discharge, execu~e, efFect, comp;ete, comply wi~h an~ abids by tht~ covenan~, a~ny par~ hereof, ssid MORTGAGEE may pl~ce and pay fa such insursncc or e~y part thereof witlwut waiviny or affectirg any oplion, lien, equity, or riyht ~nder p by vi~tw of this Mort~sy~, and the full amaint of each and every such paymtnt ahall be ;mmed;ately due and payable ar.d shall bcar interest irom 1M dat~ thereo( until paid at the ~ab o1 _ ~ nine per ce~tum per annum and to~rthcr with ~uch intercat s1~a11 be secured by the lien of lhis mortyage. 1. To permir, tommit or sulfer no wa~te, impairmeM o~ deterioration of taid property a sny parf the~euf. ~ 5. To pay all ~nd dr?pulw 1M costs, cMrges ~nd expenses, includiny a ~easonable •ttorney's fee snd costs of abstrads of title, i~curr~d or p~fd at any time by said MORTGAG:E, because a in fhe evcm of the iailure on the parf of tM said MORTGAGOR ro duty, promptly ~nd fu11y psrfwm, d~acharQ~, execute, effect, comptete, comply w~th and ab:de by eath end every the stipulations, agreements, tond~tioru, and covenann oi s~id p~omiswry nott ~nd tAi~ matgage any w ciiher, and said costs, chargcs and expenus, each and every, ihall be immediately dw ~nd payable; whether w not ther• be notiu ds mand, attempt to coUect or suit pend~ngj and the full amount of each snd every such payment ahall bea. interes~ from Ihe date thereof until paid ~t the rate oi ~ p~~ caruum annum; and a!1 aaid costs, charg~a and expenses incurred w paid, together woh such entereff, thal) bt setured by the litn of thi~ mortysp~. . 6. That (a) in the event of any breach of this Mortgage or default on ths part of the MORTGAGOR, a(b) in the event ~ny of iaid sums of nwn~y hcrein referred to be no~ promptly and fully paid within th+~ty (3Q) days ne,c1 afeer the same uve~a,ly become due •nd E.ayable, without demand w notite, or (U in the eve~1 each and every the stiputafions, agreemeN~, conditions a~d covenants of sa~d promissory not~ and ti~~s mortgsg~ any or either ~re no1 ~uly, promptly and fully pe~fwmed, d~scha~ged, executed, elieded, compteted, compl~ed with and ~b~ded Sy, Ihen in ei~het o? any svch went th~ said ag preyate s~m mentpned in taid promissory note then remaini~g unpa~d, with interest accrued, and ail moneys setured Fxreby, shall bttome dw ~nd p~y- abk (orthwith, o? thereafte~, at the option of said MORiGAGEE, as tu{ly and complefe~y as if atl of ~he said sums of rnor?ey we~e wiginally st~pulated ro be p+~id on such day, anything in sa:d prom~sswy note or in this Matgage to the controry notwithstanding; and thereuport w Ihereafter ~t Iht op~ion pf sa~d MORTGAGEE, without not~ce or dernaod, suit at !aw w in equity, theretore or thereafter beg~n, may be prosecvted as if all nwneys secur~d hereby had matured pr~q to its iostitution. 7. That in tM evem that at the beginn~ng of or at any time pe~ding any tuit upon this Mortgsg~, or to fwa:los~ it, w b refonn it, a to enfwc~ payment of any claims he.eurtder, said MORTGAGEE shati apply to the Cou.1 having jurisd~Uion ~hereof ~ot the appointmenl of a RKavt~, suth Co~?t fhall farlhwith appoim a receiver of said mortgaged praperty alI snd sinqutar, includmg all and singular the income, p~olits, awes and tevenues (rom whatever wurce duived, each and eve~y of wh;ct~, it being expeessly understood, is hereby mortgaged u if spec~(icatly set fotlh and dewibed in the gr~Mirg a~d habendum clavses hereof, a~d such Receiver shall have all the broad and efFective funct.o~s and powers in anywise entr~oted by ~ Court to ~ Receiver, •nd i~ch appoiotment shall be made by such Couet as an adm~tted equ~ty and a maner of absotuie rigAt to said MORTGAGEE, ~nd without reference ~o ths adequacy w ina~quacy of the valve of the properry mo~tgaged or fo the so.vency w~niolveruy of said MORiGAGOR or the defendanli, and that such rems, profits, income, issues and revenues shall be appiied by auch Recerver accordh~g to the lien or equity of said MORTGAGEE and the praclice of suth Court. . 8. To dvfy, pron~pt!y and iully pe.fwm, d~sctwrg~, execu?e, effed, comptete, comply wi~h and abide by each and every 1he stipulations, agreement~, conditans and covenants in sa~d promisswy nots and th~s mortgage tet twth. ~ 9. That in the event the ownership of the mortgaged premises, w ~ny part thereof, becom~s vested in a person other thao the MORTGAGOR, ths MORTGAGFf, irs successo~s snd assigns, may, without no~~ce to the MORTGAOR, deat with such successor w successor in interest with refere~ce to thii mortgage and the debf hcreby secured i~ the same mam~er as with Mortgagor without in any way vitiating or dixhs~ging the Mwtgagors' liability hera under w upon !he debr hereby secured. No sale of the prem~ses hereby mor~gaged and no torbearance on the parf oi the MORTGAGEE or its ivcceuors or assigns and no extension o( the time for the payment of the debt h~reby secured given by the MORTGAGEE or its successwi or auigns, sM11 operaq to releax, d~scharge, modify change « affecr ~he oaiginal liab~l~ty of the MORTGAGOR- here~n, eithe~ in whole w h part. 10. It is spece(icalty agreed that time is of the essence of this contract and that no waive~ of any obligation herevnder or of the obligation ~t cured hereby shafi at any time thereafter be he!d to be a waiver of ~he terms hereof or of the inatrumem ~ecv~ed hrrby. I1. In add~~;a~ fo rhe fo.ego ng momhly paym~nts of p:inCpal and interesr .equ~red by the prom~ssory noie secured hereby, mortgagor eovenants and agrees to pay to matgagee +,,ith each mon~h;y payrnem an add~rional sum esrmated by mortgagee to be equal fo 1/12 of fhe annual tost of the follow- ing: , A-Afl real property taxes le•,~e~ or assessed aaaiest ~he a~aove deu~~bed real estate. ( B-Prea;iunn on fi~e and winosto:m ~~+surarce as here~n requ~red to be carricd on the improveme~ts situnte on the above desaibed premises. C-Pre~niums on such mortgage guaranty ir.su~a~,ce as mortgagee sha{I from t~me ~o t3~ne deem fit to carry on the loan secured hereby. hbrtgagee shai! frcm t~me to t~me noti!y mortgagcr in wr~ti~g of the amount due and payable hereund¢r and such sum shal) thereupon be due and ~ payable on the due oare of the ne¦t moNh!y payment and each svcces:ive moNh thereafter urtil mortgagee shall notify mortgagor of s change in such i amount_ Such svms shall be app!~ed by mo.tgag_e ~oward the payment of real property taxes, insurance p~em:ums, a~xl rtwrtgage guaranty insurance premiums. IN WITNESS YIHERFOf, phe sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. I Sign Sealed d del~ e.ed in the prese~ce of: N~, RfCOR0E0 • ~ ' ' ~ _ f11.E0 ~ C011NtY fu' /f~ ~ ~ S~,~UCyEFPptjitCOU David N. Partrid e n ~ C1.6R?~ ~ti~s~K~p Rt ~ ~ ~i-a/ _RE~~a~ ~E ~~6 ~~Y • art rd9e~~-(5.+~ E STATE OF FLORIDA ~Y I 35 ~1~'• couNn oF St _ 1,ucie ~ ~ ~ Befwe me personally appeared Dd V 1 d N~ Par t r i dae a3~~~S~ ~ _ .jt1(j~/ Partridge his wife, to me well k n o wn a n d k n o w n t o m e t o M ~ t he i n div i d~a ls desui b e d in a n d w h o execut e d the foteyoing instrumeM, and atknowtedged befwe me that they executed the same for the pvrpo~es € ~ therei~ expressed. Md the said -jUC~Y I.. Partridqe ~ ~ wife of the ss~d D8V1(] Y. Partridge vpon a separate and pirvat~ 4 examination by me roken separale and apart from her said husband, acknowled ed ro end before me that ahe exetu~ed said instrument fr ~ 9 eety and voluo- tarity and without any compu~sion, constrai~t, apprehens~on, o fear of or from he? said husband. t WITNESS my hand and official seal this-~ dsy of `J~~ A D. 19 76 ~ r i - ~ ' _ otary Pub(' for the State of Florid~ at largs My Comm~ssi expires: Return To: First federal Savings b Loan Aszociaf~on Nofory P1iE1'ic, Sxte of Plc.id~ at larg~ ' O( Fort P:~-ce Mr Commission Expires Ju~y ?2, 14)7 Fort P~rrce. Flcrida i6ndsd by Amttitar~ Fire d. Co:w:!e~ (',p, i ,~y ` - i•~.i•K ~ ~ This Instrument Prepared By Robert A.~ Swisher, Jr. _ ~ First Federal Savings & Loan Association x ~ of Fort Pierce , F lor i da ~ i i ~ ~ ~y ~ R R ~ ~ : . . - , _ Checked By t1~- F:.~ P~ ~ 1~'-- Y L~ ~-t~ . F ~ ~i r ~ ,`ts , - ~ ' ~ " •i - ' ; ' ~ _ ~'t,` . . j , , . ~ . ,.,t,. . ~ ! k ~ : . 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