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9. To p~et~ end :ontinuo~~ly leep o~ the bw'~l~~:yt ~ow o~ hrre~ft~r •~~uvte on se~d i~nd ~nd on sll cq~~p•ne~t arid penonally cover~d by thit mat~
~p~, with sll pienu;~ms IF~rreon pa~d ~n lull, fire inwranc• in the uwa: ue~r.i..rd pol~cy to~m, in a tum app~v+ed by the MGRTGAGEE, and wind~tam
iotuNnc~ in the u~wl ~Nnda~d poi~cy form, in a wm appro.ed by ~he MilkTGAGEE, in futh cornpany or companie~ tM 7V~ORTGAGfE may
directt and all fir• and wmdi~orm in~~ronu pouue~ on eny of sa~d bu~ld:nfls. •ny ente~~st lherein or wr~ thoreol, in tM ayy~eqaie wm ~fa~t+id or
In ~xcea ~hercof, ~hall co~iain the uivat e~andard m.or~gofla~ clauie o~ wch o~her dwie as the Mortyagee may requ~r~, maAiny the ~ou undtr u~d po1F '~';;,,j
c~y, ~ach and wery, p~yab~e to sa~d MORTGAGEE u~ts imo~eu rnay apFtirar, ~nd each and eve~y ~vch poiic~ shall be promptly u~ 9n~d end delivered to
any held by_ sa~d MORfGAGEE •s fur~hor.sew+ity to s~id niwtqoga Jebt, and: not las~ ~ha~ ~en (10) dayi in ed+anca o1 ~he eap~r~~ion of each policy, to da ~
tivN to u~d MORIGAGEE • ~snew~l Iherfol, ?opa~h~r w~th a rx~~pl for the premium of tuch renewal; ~nd ~he~e ~MII be no f~r• o~ windiiorm in~uran_~ '
pl~c~d on +~y oi s~id bui~dings; ~ny inferest there~n o~ pa~t IMrao(, unlr~e io ~he to~m and wi~h ~he ~ou p~yable ~s aforosaid~ and in tM •wM ~ny twn
of mw~ey becomes payable under s4.h policy a poLc~es iaid MORIGAGEE shall heve she opnu~ recclve and appty the ssme on accoum of tM ind~bad~
MN fKU~2lI M~Qby w to perm~t sa~d MORTGAGORS ~o recr~vo •nd uw it or an~ por? ther~of fc~ o~i~rr Nuryosrl, wAhout fh;rcb~ waivin9 w ~mpeir• '
7r?p any equity, lien w~iqht unde~ a by virtw of this mortyage; ~nd in Ihe evtnt s~~d MORTGAGORS ahall tor any reason fsil to keep the iaid pr~mi~e~ w
insw~d, w(ail to d~livm p~ampdy ~~y of said polKies of insuranc~ to ss~d MORIGAGEF, or fa~i p:ompNy iv pay fuity any premium lherefpr w fn ~ny
r~ip~c1 fail lo perf«m, d~scha.ge, eYecuts, etfecl, canpletr, comply wi?A snd ab~de by this covenant, a~ny pan Aer~o(, s+id MORTGAGEE may pl~u s~d •
psY fa ~uch insurance a ~ny part thereof w~ehout waivinq w~ffectirg any opt~on. I~ee, equ~ry, or r~M und~r w by v~rtw of thii Mort~ays, snd tht i;'•
full amo~rnt of e~ch and ~v~ry t~ch paymenr shsll be immed~~tely dw and payabls ?nd shell bear inte~es~ irom ths dats ttxreoi until paid tM rat~ ol '
nine per centwn per annu~n and iogrthrr w~~h such inieres~ ahsii cx secured by ehe lien of fh~~ mortysge.
1. To permif, tommil or iuffer no was~e, Impairnem w de~eric~at;an ot said properry or any part thcreof. ~
5. To pey a~l snd unyular ~he cost~, cha~yes and erFen~es, inctudir.g a reasonabie a»orney's fee and cost~ o} abstradt of t~tie, incvrred w paid at j
eny ~ime by sa7d M~RSGAGfE, bccauu a in ihe event of the feilure on ihe part of tM ~atd MORTGAGOR to d~ly, pro~~p~ly and fully p~rfam, d~scharqq ~
executs, effect, comptet~, comply w+th and ab:de by aach and every the stip~lanons, agrae~renr~, ~ond~r,ona, a;~d covenaots of ss~d prom;awry note and thli
mwigs9e any w e~~her, •nd wid cos~s, charges and expen~es, exh and erery, shell be immed~ately due and payable; rrhethe~ a not ther~ b~ notice ds
mand, attempt to collett w wit psnd~ngj arr! the full amovnt of each a~d every such payment s.°+ell bear interes~ from the dat~ tMreol uNil paid H the ~
rate of nine {xr centum per annum; and all said costs, char8rs and c:aer~sea incurred or paid, togethar wdh sLCh intereif, ahall tK tecured by 1F?t litn Of ti?i~
mortyay~. -
6. Thel in the ~vent of any breach oi this Nlo~tgage w default on ~he pan of ~he MOP.TGAGOR, or (b) in lhe event any of taid sumt of ~morroy
herein reierred to bs not prompely and lully paid w~ihin thvty (30) days ~+ex! aher the samc sever~lly became due and payable, without demand w notit~,
or (c) tn tt~e ~veM each and every the •tipulat~uns, sgrrements, co~d~tions and covenants ui sa,d promiuory note +nd th~f morlgs9e any p either are not ~
~uly, promptly and fully performed, d~scha~ged, executed, effected, completed, compi:ed vnth and ab~ded by, then in e~ther or any svch ~v~nt th~ s~id ap~ ;
greyate sum mentioned in said promissuy note then remaining unpa~J, with ~n~cre:t accrued, and atl moneys setured hereby, ~hall become du~ and p~y~ S
ebte forlhwith, or ~hereafter, at ite@ option oi said MORiGAGEE, as tully and comp!e~c1y as il a11 of tl~e said sums of rtwney were w~yinally stipul~ted ~
to be paid w+ such day, any~hin9 in sa~d prom~sswy note or in this Mwtgsge to the co~irery notwlrhs~endi,~g; and thereupo~ ot thereafter at tbe option of ~
~aid MORTGAGEE, without not~ce or demand, s~it at law w in equ~ty, theiefore or the~eaf~er bagun, may be prosecuted as if afl moneys ~etur~d hereby
had maturcd pr~or to ds instiwt~on. '
7. That i~ tha event tf+3t at fhe beginn~ng of or at eny time pe~ding any su~t upon ~his Mortgage, or to foreclcss it, a ro reform H, or to Mforce ~
paymeM of any claims hcrc~~der, said MORTGAGEE shafl epply to the Ccurl having ~urud~ction N~ereo( fw the ~ppointment Of a ReteivN, wtl+ Courf shall
fathwith appoiM a rcceiver of said morfqaged propcrty aU and singutar, includ~ng aN and a~ngutar ihQ incomtl~ prolifY iss~es and .~venv~s from what~vtr
wu~ce derived, each anct every of wh~ch, i1 beirq expreasly understood, +s kerrby morrgagrd as if spcc~ficaUy set fwfh and d~w~bed irt tM yrantinp and
habendum clauses hrreof, and iuch Receiver shell have alt the broad and effecnve #una,ons a:~d powr~s in any,v~se enuusted by e Courl to a Receiver, and
wch appoiroment shall be made by such Court as an ad~nitted equity and a rranc~ o} .absolu~e NgM ro said MORTGAGEE, and without teferentt to TF»
edeq~acy o~ inadequacy ot 1he value o( the property mongaged or_ to the so~vency or msotvency of sa+d MORTGAGOR a the defendants, and ~hN tvch
rems, profits, iricome, issues and revenues shaU be sppiied by such Rece~ver accord~nq lo ehe I~er, or equity of sa~d MORTGAGEE and Ihe practic~ of tuch }
Coun. ~
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8. To duly, promptty and /ully pe~form, discharge, execute, effect, complrte, tort~ply with and abida by eath •nd ev~ry the stipuiatio~f, ag~oements,
conditions and tevereanrs in u~d prOmi~so.ry note and this mortgage set forlh.
9. That in the cvent the ownerah~p of the mortgaged premises, w any part theraoi, becomcs vested in • per:on other tha~ the MORTGAGOR, the `
MORTGAGEE, its successo~s and usgns, ~r~ay, wi~hovt rotite to the MORTGAOR, dea! wi:h such wtussor or suuesad in interest with re(erence to thia
mort a e and the debt haeb secured in ~he ~ame menner as wiih Mo~t a or witnout in an wa vitiati or d~ ~
9 8 Y 9 9 Y Y ~q scharging 1he Mortyagori G~bility hera
under w upon the debt hcreby xcured. No sale of the prem:sEs hereby mo~tgaged and no forbearante o~ the part of the MORTGAGEE w itf futcesson ~
o. ass~gns and no ex~ens~o~ of ~he t~me fw the paymcn~ ot the deM hereby sec~red y7ven by the MORiGAGEE or i1s successu• or au~sm, shall operat~
to release, d~scharge, modi(y chanye or aFfect the ong~nal Gab~iity of the MOR(GAGpR herein, either in whole w in psrt.
10. It is specifically agreed ~hat time is of the essence of ;his conrract artd that no waiver oi ~ny oblJgation here~nder a of ihe oblipation st
cured hasby shall at any time rhereafter be held to be a nai~er o( the lerms hereof o~ of iFu instrumeM secured herby.
I i. In add:tion to the forego ng mon~hty payments of prinCpal and intere~~ rcq~~red by the prom,ssory nore sec~red ha~eby, mortgagor tovenants
and agreef to pay to n,ortyagee ~n~th each mo~~hty payrne~t an add~rio~al sum ez~.-~:ated by morrgagee to be eq~al to 1 j 12 of the annual cost o1 the follow-
ing: -
A-Ail real property ta,ces lev.e~ or assessed ayainu the above describ•_d rea: estare '
B-Prem~u~ns on fire and werdstorm inwrar,~e as herc~n requ~red to be carried on tha imp~ovrmeMS s~tvate on the abore destribed premises.
C-Premivms on such mottgage gua:anty inwrance as mo~tgagee shalf from time to ti~rn deem fif to carry on the loan securad hereby.
Mortgsgee shall' frun time to ?ime notify mortgagor tn writir.g o~ the amount due and payable hereunde? and auch sum shafl thereupon be dve ~nd
Fayable on the due date of ihe ne~t monthiy payment a~d ea<h success~ve ~*~or;th t:xreafter ur.tif mwtgagee shall notify mortgagor of a chanp! in such
amount. Such sums eha11 be applied by mortgay~e tovv3rd the paymeM o~ real pruperty faxes, insurance prem:ums, and mortgage gua~~nty ensur~nce
I premiums.
; IN WITNESS WHFREOF, the aaid MORTGAGQR has hereunto set his har,d and seal the day and year first aforesai .
j Siyned, Sealed and deiivered in the presence of:
~ i~~o ~~c~~gEO - 11--
I ~ - sT.IUC~~ ~~~N ~ U~ rn e ues a 4es u~ders
! J••~t/ ~t ,i:: :It~ts
~ ' ~ CL~ii t.`;:.U!T COU~ a
~ s~S~_ ArfG= ` r~t, . ~ ~c n
~ Alexandria Tha'es _
~
~ 3 l0 ~Z AH ~~b ~
STATE OF FLORIDA ~ '
St Lucis `
couNnr oF _ • ~30~~,3 S
~ Befwe me personally appeared Bernie ?haO@S and
3
Alexandria 2hs~ee his wife, to me weU known and known to me ro!»
the individuab described in ~nd who executcd the fw any instr~ment, and ackrawledged befwe me 1Mt they exKUted the sarrM for fhe purpwes
~ therein expressed. And the said ~lexandria Tt18~@S ~
W~re of ~~d - Bernie 2has~es
3 - vpon • separare ~nd priv~t~
~ examirsetion by me taken separate and apan from her said husband, scknowledged to and before me that she executed uid in~trument fr~ly ~nd vol~n-
~ rarily and w~thout •ny compulaion, constraint, spprehens~o ~fear of w 4rom her seid husband.
g WITNfSS my hand and of(iciel seal this______~`~. day of Msrch ~ p. 19 '1()
p ~
_ Notary Pubtic in f` tfx State bf Florida ~t LarQe _ ~
~ Reru.n To: ~ My Comm~ssion pir : j
s first feder~l Sarings 3 loan A~sociat~on ~~Y Slot~ ef Herido 01 Lo~ t
~ O( Furt P.erce. ~1 ~~a Ezpirlt lrlp ~'2, 1lT1 ~
~ond~d br ~nHticoe f:n i Ca~vehr Co. ~
~ Fori P~erce, Flonda _
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~ This Instrument Prepared By GBr~~ F. Bllwood 3''. ~
~ First Federa! Savings 8~ Loan Associa+~on , - ' . ~ ~
~ of Fort Pierce, Rlorida - . ~
~ Checked By~ ; t~. I
~ . e~ ~ , =;Y'~:, - n' ' t
~ ~V t'AGf
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