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J. To plx~ a~d continuously keep on tM bui'd:ngti now a Mreat~~~ si~u~t~ on ia~d iand snd on ail equipment ~nd pa~on~lly cov~r~d by Ihi~ mort~
p~, with al) prrmium~ thercoo pa~d ~n iull, (ite insurant4 in 1he viu~l ~tanda~d pol~cy fwm, in a ~um approv~d by Ih~ MORTGAGEE, and winditpm
insun~ct in ~h~ uswl s?andard poi~cy form, in a ~um ~pp~oved by tM MORTGAGEE, in s~ch company a compa~ies a tM MORTGAGEE n+ay
du~cy ~~d all fi~~ ~nd w~ndsrorm inivr~~ce polK~es on +~y ot s~id buildi~pti any tnte~~a1 tF?e~ei~ w p+rt tMr~o}~ in tF?~ a99~pat~ we? afonsaid ot
ln exc~a IAereof, ~h~ll comain th~ usual ?~andard ~wrtpsg~e claut~ a tuch otF~a c1auH as 1M Matpag~s may rpuu~. '~a?inp IM Iws undi+ sa~d po~i~ ••y.
ciy, euh ~lK~ fvHY, payabt~ !o said MORTGAGEE as ih i~teret~ may ~ppear, ~nd e~ch and ~very ~~ch policy ~h~{I bt prompllY +is~9^~ ~^d
•ny hetd by sa~d MORTGAGEE ~s funhe~ secvriry to sa~d m«tyag~ debt, and, not leu tMn tsn (10) days in advance of the expiration of ~h policy, to d~-
tivK to said MOR~GAGEE a renewal thcreof, toge~fier wi~h a receipt fw ths pnmivm of s~ch rer?ewal; and ~Mr~ ahall b~ no f~n or winditofm ie+~urance ~
pl~ced on any of sa~d build~ng~, any i~~ersst there~n u perl fhereof, v~less in tM fo~m ~nd w~~h ~M loss payable ai afaes~ld~ and In tF?~ ~wM ~ny ~um .
of moMy becomei payabb ~+~der such policy a pol~cies wid MORTGAGEE shall Mve tM option ~o reteive snd ~pply Ihe wine on ~ccount oi the ind~bted~
nes~ securad haeby a ro permi~ said MORTGAGORS to ~euiva ~nd use i1 u any pa~~ thereof fo. other pvrpasea, without ths~Eb~ waivinp a unpsir.
ing any eq~~ry, lien or right urule+ a by virtue of thit mo:t9age; and in the ave~t ~a~d MCr~tTGAGORS ~hall for any reaw~ (~il to keep tM said {x~misea so ~
Insu*ed, or Ealt Io dativer promptly ~oy oi said policies of insurance to said MORTGAGEF, w fad promptly 1o pay fv~ly +ny pr~mium ther~fo~ o? in any w~
re~pect fail to pKform, d~scharge, execute, ef(ect, complete, comply with ~nd abide by th~s cove~aro, a any part lu~eof, iaid MORTGAGEE may pl+te +nd ,'ii E
p~Y fa auth insv~ancs w ~ny parr the~eof without waiving w atfeNing any optio~. IiM. equity, or right unda o? by viitw of thif MatQape, and tht '
full amouM of each snd evary such payment shall be immediarely due and paYabla and ihall bear i~tetest trom IM date tF+ereof vntil paid ~t tM. rat~ ol
nins per cMtum per annum and to~e~her with such interest fhall be secured by the IiM o1 thia mwt~~ge.
1. To permit, commit w tu((er no waste, impsirment a dtte~ioratan oi said property or any part the~eof.
5. To paY +1f snd s~npuler the coirs, charge~ and axper+ses, includinp a reasonabk anorney i fee and costs of ab~rr~cts of titl~, incvrred o~ psid at
any tims by uid MORTGAGEE, betaust a in ~he event of the (aiiure o~ t1~e part of tM said MORTGAGOR to dvly, promptly ~od fvlly petform, d~KF»r~: j
e,cecuto, effec~, comptete, comply wdh and ab:de by each and evary the ~lipulstions, ~greements, conditions, and covenants of iaid promissory not~ and this
mortgaye ar?y w eithe~, and sa~d coua, cha~ges a~d expenus, each and every, sMN be immediately dua and psyabte; wfie?her w~+o~ tfisr~ be notiu de~ '
mand, attempt to coliett or wif pend~ng; ~r+d ~M full emount of e~ch and every such payment sAall be~r interest from the data thereof w?ti1 paid ~t tM '
rate of nine per cemum ~xr ana~m; anr5 ali said wsts, charge~ and expenses incurred o~ pa+d, toQelAsr w~1h auth int~r~tt, thal) b~ stcured by tM INn of thi~ <
mortpape. ;
Q Tha~ (s) in the evenl of a~y beath of this Matysye w default on the part of the MORTGAGOR, w(b) in ths evenl any of taid sums of ma~eY .
herein referred to be not promptly and ivtly paid within th~r~y (30) days nex+ after the same severatly betome due and p~y~ble, withoul demand a notice, ~
or in the erent each ~nd every the stipulations, agreemems, conditions and covenants of wid promisswy ~?ot~ and tltis mat~~t any or ~ithtt srt nol
~vly. promptly and fvlly pe.iwmed, dachargcd, executed, effected, comaleted, compl~ed with a~d abided ~ay, tl?e~ in either w any such ~wnt tM taid a~
qregate sum mentioned in said promisswy ~?ote then remaini~g unpaid, with interest acuved, and atl moneys securrd hertby, shall betome dw ~nd pay~
aolc forthwith, w rheraafter, at the option of said MORiGAGEE, as fully and cunpktdy as i( all ot the wid wms of money were aiginally atipul~ted
to be pa~d on such day, anything in sa:d prom~ssory note w in this Mortgage to !he cont~ery notwilhstsnding; and thereupon or thereahe? at fhe option of
sa~d MORTGAGEE, without notice or drmand, suif at law w in equity, therefore w thereafrer begun, may ba prosec~~ed aa if sll nwoeya s~cured t?e~eby
had matured pr~w to its irtstitution.
7. That in the event that at the be9inn~ng ot a at any time pending ~ny suit upon this Mortgsge, or to faxlos~ it, w fo rafwm it, w fo enfwu
paymeM of eny clsims hcreunder, uid MORTGAGEE shall apply to the Cour1 ha~ing ju~iadiction thereof ior the sppointmMt of • RKeiver, luch Cou?1 sfistl
Forthwith sppanl s recclva of said mwtgaged property a~~ a~ siny~lar, includmg all and singu~ar the incoms, p?ofits, issues +nd revenves (rom whatever
source derived, each and evcvy of wh~ch, it be~ng expressly vnde~stood, :s hereby mw~gaged ~s if specificdty set fwth and described in tM pr~ntinp and
haFxndwn clsuses hereof, and such Receiver shall have all the b.osd and effective fv~ct,ons and powers in anywiss entrva?~d by ~ Cou~t fo a Receiver, artd
such appointmcnt aha11 be made by suth tourt as an admitted equity and a rt+atter of absolute riyht to said MORTGAGEE, u~d without ~tferente to the
adcquaty a inadeqwcY of the value of Ihe property morfgiged or to the so~~ency o? insolvency oi aaid MORiGAGOR o~ t~e defendanri, snd that svch
rents, prolits, incane, iuues and rovenues shall be applied by such Receiver according to the lien or equity of iaid MORiGAGEE ae?d the practiu of wch ;
Court.
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8. To duty, promptly and fully perform, d7scharge, execute, effetl, oomptete, comply with and ~b~de by ~ach and every ths stipulatio~s, agreert~entf, {
conditiona +nd covenams ~n sa~d promissory note and ~his mwtgage set iath.
9. 7hat in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in ~ perwn other fhan the MORTGAGOR, ihe
A10RTGAGEE, its successars and a:s~gns, may, wirhovt Rotice to tfie MORTGAOR, dra4 with such svcceua a successw in intersst with refererKe to this
mo~tgsqe and the dPbl hereby setured ~n the same ma~ner as with Mortgaga wehout in any way vitiating or discMrging tlro Mwtgagors' liabitity htre-
undc~ or upon the debt hereby ucured. No sale of ihe Fremises hereby mortgaged and no forbearance on the put of the MORTGAGEE w it~ tuucessors
or auigro and no extt~an of the ?ime fw the payment of the debt her~by secu~ed given by the MORTGAGEE o? its wccetsors ot sas+p~u, shsN op~rat~
to refaaae, d~scharpe, modily change a sffett the original liab~lity of the IKORTGAGOR hcrein, eith~r in whok or in ps~t.
10. N is apeuiic~lfy agreed tbat . tims is of the essence of tha contrad snd lhat no wa'wer of •ny obligation hereunder or of the oblipation se-
cured hereby shall at any time thereafter bs hefd to be a waiver of fhe terms hereoi w of the instrumem secv*cd Fxrby.
11. In add,tioa to the (orego:ng monrhly payments of princ'pal and inte.est required by the prom~ssory nare sec~red hereby, rtw~tgsgor covenints '
and agrees ro pay ~o mortgagee with each monthly payr~zent an add~rional sum esrimated by moctgagee fo be equal to 1/12 of the annual cost of the follow- 4
ing: - S
. ;
A-All real property ts~ces le.ied o~ assessed agai~st the above described real estate. ' ~ ~
B-Prem~ums on fire and windstorm insurar.ce az herein requ~red to be carried on the improvemtnts situate on the above desctibed p~emiset. ~
C-Premlums on such mortga9e gup~anty insurar.ce aa mo:tgagee shafl irom time to time deem fit to carry on the ban secyred hereby. ~
Mlortgagee sha!! from t~me ~o t~me notily mortgagor in w~iting of the amount due and payabte lxreunde~ and such sum shall theroupon b~.due and
~ayable on the due oate of the next monthly payment and each successive mopth thereafter ur.til mortgagee sha(1 notify mortgagor of t cha~ge i~ wch ~
' a~ovM. Such sums shati be appi~ed by mortgagee toward the payment of real property taxes, insurance p~em:ums, and mortgage gwr~nty insurance ~
p~emiumf.
IN V/ITNESS LYHEREOf, the said MORTGAGOR has hereunto set his hand and seai the day and ye ~r first aforesaid. ~
Siyned. Seskd snd delivered in the prescnce of: f~~~ AN~J ~fC~EO ~ w-~~ {
' f~.ltiC1E COV11~V fl.A- aq .
~~j ; `C itOCER PO~TRAS les E. _
CIf~K C1P.CUtT COUR~ ~ , ~
- ~ RfCOR~ ~i.~'f1E0 4 '
' r H. But '
~ tl 3 3~ PM'76 a° ~
I STATE Of fLOR{DA '
~ St . Lucie ~
~ couNn oF 3 !1
~ Before me personally appeared Charles fi g11L1@Y ~~~7"`,
) ~nd i
; Mazy N. Bqtlel his wife, to me well krawn and known w me to M
; the ind~vidua!s descr~bed in and who executed the forega~g instrument, and scknowtedged befwe me that ~hey axecuted the same fw the purposes
therein expresxd. And rhe said ~~y H. Butler -
i ~vife of the said ~~1~ilQ~ Busler - ~P«+ s sep~rate snd priwt~
~ examinat~on by me taken separate and apart from her said husband, acknowledged to and belore me that she exetvted said imtrument heeFy ~nd volur~
tarily and without sny compulaion, constraint, apprehention, w fear o( or from Fur uid husband.
' WITNESS my band and official seal this ~th day o4 ~ A. D. 19_Z~
~ ~ ' ~l C '
' ~ Notary Pub4ic in and fot t tste of ids at larp~ '
My Commiuion expires: f
~ Retum To: ~
, Fint Fede~al Savings 3 toan Associar;on
, t
Of io.t P~erce. NOTARY F~BLIC STATE QF f(,pqb/~ qj VqR~
Fort V~erce, Flor+da MT CC>M!r l$SIp;J EX?IRES DEC Z9 19T9
' -n~C ri-;•.~ ~_;r..F; ~ c ..._rrN.y~ ,
' ~L~. ~"a~
~
This Instrument Prepared By R~e Z t A. SM?ishe r~ Jt . L'? j,4G~; ~ .
Fi~st Federal Savings & Loan Association : ~r : ~10 7'~ ~ : . ~
~ of Fort Pierce F lor i da = y ~ a o ~t'
Checked B f~, ' ~ AU6 °
:t~f~ ~ ~
Y ~ 24,$ Pac~ ~4~ - L' ~ ~
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