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Home My WebLink About0162 3. To plx~ and continuously ke~p on ths bu~~d~rys now a M«a(te? ~ituats on iaid Iand and on ~!1 cquipmtnt and pt~wn~lly cover~d by thi~ mptlp~ p~, wi~h dl prtmiumi ~hcreon pa~d i~ 1ull, fira iniur~nce in ~he utual ~tandard policy fam, ie? ~ sum ap{uov~d by th~ MORiGAGEE, ~nd wind~tum imwanc~ in tM usw) ita~dard pof~cy Iwm, in a sum app~oved by ?M 1NORTCsAGEE, in ~uch company o~ tompani~s +s IFw MORTGAGEE may " dv~ctj ~nd ~II iire and w~nditorm inavronce polius~ on any of iaid buitd~nps. any in~~r~~~ ~Mrein a p~r~ ~htrwf, in Iiw apqrey~t~ ~um ~lasuid w In ~ac~si Iherwf, ihall contain ~he uiwl standard mwtga9e~ dsu~ a wch o~he~ davs~ ~i tM Ma~ys~N may rpuu~, makinp tM bu unda sa~d pol4 ci~~, each ~nd avery, payabie ro•,id N?ORIGAGEE at ib interest may appsar, ~nd eacA and ewry iuch policy ~MII b~ promptly N~:yn~d ~nd deliv~r~d to •ny Mld by said MORTGAGcE ~s (~~ther security to seid monga9s deb1, and, ~+ot lesf tiun ten (10) days in advanc~ of the ~xpir~tion oi each policy, lo d~- liw~ ro aid MORTGAGEE a re~+ewal thertof, toqe~h~r wiih • recsipt fw the pr~mium of such renewal; and ~he~e ahall b~ no iir~ a wi~dsiorm inwr~~c~ ' plattd on any of ~~id buildinps, sny interesf tAerein a part the.eof, unleu in tM (orm and with tM ~ou p~yabt~ as •fw~saidt ~nd in tM ~wnt ~ny ~wn of mon~y becpne~ payabie u.~der such policy a polK~es wid MORiGAGEE iMll h~w tM opt~on ~o receive ~nd apply tM Hm~ on auounl of IM ind~bted- ` .yi.y.. Y ~.w~ a~r. ..wee e..~..re~-1 4..._h.. n. 1n ........If •.:s1 ~I~IQ~I`A/_AOC ~n ~..~:..w •w.~ ..ew if nf .n._. w.~1 ( {ws w.....w~..e ' 1....~1 1{~~r~1~r • •N N . ~ " ' ' ' " ' in~ any equity, lien o~ right unda « by virtue of thii mortyag~; snd in the ~ven1 iaid MORTGAGORS shall fa •ny reawn fai) to k~ep tM said prtmiies so i~sured, o~ f~il to delive? promptly ~ny of said policief of insu~snt~ ro said MORTGAGEE, a f~il promptly 1o pay fully a~y pr~mi~m therefor or in ~ny respect fail ro pKfwm, discMrge, execute, e}iect, comptete, comply with u~d abida by this covenanb a any part hereof, said MORTGAGEE may pl~ end psy fa ~uch insuraoce w any part fhsreof wiihout wsiving a•ffectinp any oplion, li~n, puity, w righl unda a by vi~tw ol thit Matys~, ~ed tht full amount of e~ch ~nd evtry such paymenf shall be immedi~tefy dve and payabls and shall b~~~ interest from th~ date thereof w~il paid ~1 tM rat~ 01 nine per centum per annum and together with suth (nterest =hall be srcured by tM lien Of thif mort9ap~. 1. To permit, tomrt~it ot suffv ~o waite, impairment a detcriorNion of said property w a~y part thereof. S. To p~y all and singulu the costs, charoes and expcnses, includ~rq a rNsonabk anwney i fee a~d costi of abstrads of title, ii~cu~red w p+id ~t ~ any time by w~d MORTGAGEE, because w in ~M evero of the frlwe on the part of tM said AAORTGAGOR to duty, promptly ~nd futly p~rform, d:scMr9~; e:ec~ts, effect, complete, comp~y w~th and ab:de by each and every the atipulations, s~reemenn, conditionb and cownants of s~~d promiswry not~ ~nd ~hi~ margsye ~ny w eiiher, and said costs, charges and expe~nes, each and eve~y, sMll b~ immediately dw a~d p~yable; whether p not there b~ noiic~ dr mand, ettempt to rn11M or tuit peod~~g; and tM fvll amount of cach and wery such payment shall bear interest from ths dalt thereot ~nNl paid at the rate of nine per crntum per en~ium; and all said costs, charges ~nd expensd incurred or paid, 1ogelher w~th such intsrest, shall b~ s~twed by th~ lien of thit m.ottpsQs. 6. That (a) i~ the erent of any breach of this Mortgsge or defsult on the part of the MORTGAGOR, or (b) in 1i~e event ~~y of ta~d sums of money ~ herein referred to be not promptty end fully paid wirhin ~h~.ty (30) days next afrer the same seve~ally become due and payable, withovt demand p notice, S or (c) in tM ~wm each and every ~he stiputations, agrecments, condit~ons aod covenants of sa~d promiuwy nota and th~s mortp~ ~ny o~ either are no1 i iuly, p~omptly and fully performed. d~xharyed. executed. effected, completed. compl~cd wtth a~d ab~ded Sy. then in either w~ny sucA ev~M th~ sa~d ag ~ Bregafe sum meMioned in said promissory note Ihen remaining unpaid, with imerest accrued, ~nd all moneys secured hereby, sMll becomt dw ~nd p+y~ ecie forthwirh, or rhereafrer, st the option of said MuRTGAGEE, as fvliy and comple~ely a~ if •N of the said sums oi rtan~y we~e orgin~lly atipulated to be pa~d o~ such day, anyfhing in sa~d prom~s:wy ~ote o~ in this Mwtgage to ihe contrary notwi~hs~and~ng; snd there~pon d thereafter ~t ~he option of said MORTGAGEE, without norice w demand, su7t at !aw w in equity, the~efo~e or therea(ter begun, may be prosecuted u if all mor~eys setured hereby had maWred pnw 1o its institut~on. 7. That in ~he event that at the beginning of or al any time pending any ~uit upo~ this Mortgage, a to foreclose it, o~ to refwm it, o? to enfwu peyment o! sny claims hereunder, said MORTGAGEf shall apply to ~he Cou~t having jurisd~aion thereol fw the appo:ntment of • Receiver, such Court shall forthw~lh appoint a receiver of aaid mortgaged property all and singu:a~, includ~n9 all and singular the income, prolits, iuues snd revenves f~om whatt~er source de?ived, esch and every of wh~ch, it be~ng expresst~i understood, is hereby mortgaged as if speciticatly set fwth and deuribed in the ~rantinp u+d hebendum dauses hereof, and such Receiver ahatl have sll ~Ae brosd and effecrive furxnons and powen io anywise entrus~ad by a Covrt to a Receiver, and s4ch appointment shall be made by svch Coun a~ an admitted equity and a matter of absolute right to said N10RTGAGEE, and withoul re(erence ro tM adequacy a inadcquacy of the value of 1he property mor~g~ged or to the sorvency w insolvency of said AAORiGAGOR a the defendants, and that such ren~s, profits, incort~e, iu~es snd revenues shall be applied by such RECeiver accordin9 to the lien w puity of said MORTGAGEE and the pwctice of suth CouA. 8. To duly, p~omptly and fully perfo.m, dixharge, exetute, effect, complete, comply with ~nd abide by each and every tM ttipvlatiwn„~apreernenb, cond~tiona and covenantt ~n sad promis:wy note srx! this mortgaqt tet futh. . 9. Tha~ in the evem ti~e ownenh~p of the mo~tyaged p.em,xs, a any part thereof, becomts wsted in ~ par~on other than tha MORTGAGOR, tM MORTGAGEE, its successws and aia~gns, may, wi~ha~t norice to the MORTGAOR, deal wi~h such successor o~ successw in interest wifh ref~rence to thia rr.ortgage and the debt hereby secured in the same ma~ner as with Morigagor withoul in a~y way vitiating w d~uharging the Mortgsgors' liability here- under a ~pon the debt hereby secured. No tale of the premises hereby mortyegcd end no (orbearance on the part of tha MORTGAGEE or in successon or euig~s and ra extension ot rhe time f« the paymem of the debt hereby iecured given by the MORTGAGEE or its ~uccessas or ~s~igru, sM~l operat~ ro release, d~xharge, mod~fy change a atiect the orig~nal Gab~6ty oF the MORTGAGOR hcre~n, either in whole w in put. 10. It is spec:fically agreed ttwt timc is of the essence of this contract and thet no wsive? of any obl~gatwn herwnder or of tfw obliyiiion se- cured hereby shall at any time ihereafter be held to be a waiver of the terma hercof a oi the instrumenf secured herby. 11. In add~tio~ to the fwego'ng month!y paym-nts of princ'pal and interest reqvired by tF~e promiswry note sec~red hsreby, morty~go~ tovenants and agrees ro pay to mo:tgagee v~~th each momhly payrnent an add~~ional sum es~~mated by mortgagee to be equal to 1/12 of ttx annua) cost of the follow- ing: A-A!I real prope~ty taies levied or assessed aga~~st the above desv~bed real estate. s B-Vremiums on fire and windstorm insurante as here~n rcqu:red to be ca~ried on 1}x imp~oveme~ts situate on the above destribed premites. ' C-Premiums on such mortgage guaranty insurance as mortgagee shail from time to time deem fit to carry on the loan secured hereby. i Mortgagee shall trom r~me to t~me no~ify mortgagor ~n writing of the amoum due a~d paysbk hereunder and such wm shall thereupon be due end Fayable on the due date of rhe next monthly payment and each successive month thereafter urtil morigsgee shall rtotify mortgagor of a change in such E a~~o~~t. Such sums shatl be applied by mcrrgagee toward the payment of real paoperty taxes, ins~rance prem:ums, and mortgaye guannty insurance ( p~emiums. ~ ~ IN WITNE55 WMEREOf, the said MORiGAGOR has hercunto set his hand and seal the day snd y ' st wesa i I 5igned. Sealed and delive+ed in the presence of: (~~e~ i : ~ . fIlEO ANC REL'uNOED • t- ~ ,n ~ -c-r~`~ ST.IUCiE C~i1M1Y flA_• ic a r a i ey, a s a~dult ~ , P.OCE ^pU~TAAS ; ClEFK ~~:.~~~i COURT r5eaq ~ RECr,F.~~ YEt;~~E:, rc..q ~ STATE OF FLORIO ~ ` 3 Sl 1~'~6 • ~ couNnr oF St . Luc ie ~ ~ ~~~,~24 ~ Befwe me perwnally appeared R 1C ha 1C d D. B a 11 e Y ~ ~-------I~irwiie. to me well known end•known to me to b~ the indiridusl described in and who executed the forepoing instrumeM, and acknowledged before me that he exetuted the wme fw the purposes ~ thercin expressed. Anr ~be-wid - ~ rifQaFstVs-wid-- vpon~i~p~rN~~~riwM- r~oommorrby-rr~tsksn sepatetr snd ~past-fww?-i+e~ s~id~wsband-xlv~swled9ed-ts ~nd-beie?e ~ne~t1~M she t~ee~»eJ said iratrow~a~} freely ?wd~ wMiw- ~ ~aei{~t ~~daviilir~I +wy-ee~pukieny <enstroinh apprei~ension: er fea? of er-fron?~er~s~id ~usbawd~ ~ WITNE55 my hand and offic~al seal thi: ~ p~! day of p, ~q 76 ~ Notary Public in f the Stalt of Plorid~ ~t L~rp~ # My Commis~ion e pires: ~ Return To: No?ory Pubtk, Srct~ of F(o.;da ol lergs first Feder~l Savings 3 loan Associatwn My Co:nm:ssFen Exp•:e~ Sult 42, i977 ~ Of Fcrt P~erce- Bp:w~ed b/ A:~ur:ton nw a e.~s,,,~rr eo. ~ Fort Pierce, Florida , > ~ ~ . - - ' ~ This Instrument Prepared By Ga r y F. Ellwo~d . ~ First Federal Savings & Loan Association ~;t ~ of Fort Pierce, Fl~rida _ • ' - . - ~ ~ ~Ir~ l..~1~ ~ . - ` ~ ~ Checked By ~A~ ~ . J U ~ ~ v . 4 : ~ ~ , - • ~ ~ •y, . , - - ~ - - • . ~ - • sh ~ ~ ~ _ _ : ~ ~ _ ~s . _ . . _ . > -