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Home My WebLink About0516 3. To pl~c~ ~nd conrin~w,sly k~ep on tM bv:td~nq~ now o. Mr~a(~M 4tu~~~ on aid I~nd ~nd on ~I! puipmenl ~nd p~rwn~lly covK~d by tNs mwt¢ p~, with all ptmiums thereon pa~d in full, (ir~ iniur~nc~ i~ th~ u~uN ~undard policy fotm, in •~wn approv~d by iM MORTGAGEE. ~~d winditorm iruwu+t~ in tM uswl ~tandard pol~cy fwm, in a tium app~oved by tl» N10RTGAGEE, in wch companY w oompa~ies ~ tht MORTGAGEE m+y dutctj and ~il ik~ and wind~torm inwr~nc~ pOIiCNi on ~ny of Hid b~~W~s, rey int~~~~l ~Fw~in w part tMr~of, in tM ap~repa~ w.e ~fa~id o~ In ~xaa thKwf, ~11 con~ain ~M uswl atandard mat9a~es clauw w such o~Mr cl~us~ as tM Morlqap~a rt+ay rpu'a~. n?~kirp 11» las undM sald po1E ci~s. tach and ~vKy. p~Yabl~ ro said MORTGAGEE a~ its inte~~st may appea?. ~nd Nch u~d ~w.y ~uch poliq ~h~ll b~ prompfly a~s:9n~d and d~liv~r~d to t, ~ny Mld by ~aid MORiGAGEE a funhsr ~~curby to sald mor~~~y~ d~bt, ~nd, not I~ss ~han ~en t10) d~ys in ~dv~nc~ of th~ ~xpk~tion of ~acl~ policy, ro dr IivN ro said NWRTGAGEE • ren~wal ~Mrwf, top~tlw+ wi~h •~ec~ipl fp tM pr«niwn of wch ~en~w~lj and rMr~ ~hall be no fir~ a windf~am in~wanu plaad on ~ey of said b~fldinps. ~ny interest thixeio w part tMnof, unleu i~ ~M fo.m ~nd with th~ loss p~y~bl~ as ~faaaid3 w~d In tM ~wn1 a~r swn of mon~y becom~s payabls undK wch polky w polki~i s~id MORiGAGEE shall Mw tM oprion ro fKO1W-~R~ ~pply tA0 Mm1 011 KCOUAf O~ fIN Ilf~bfl~ e~tt~ wcwtd FMr~by a ro permit said MORTGAGORS to rettiv~ and uM it w any put tMrtof fa orher purpwss, without th~.eb/ wairi~~ a unpait- i~p anY pvity, lien a ~iyht u~de~ w by vir~w of ~his mortpap~t and in tM ~vent said MORTGAGORS shall fw ~ny rtason fail to kKp tM s+id pNnises w i~swd, w fdl w d~lrv~r prompqy ~ny of said polKks of inswu~c~ to said MORTG/1GEE, a(ail promptly to pay fully any pr~in'wm IMr~fw a in any r~ap~ct fail w pNiam, d~scharg~~ fXKYt~, ~ffecL campl~te, comply with and abidt by tht~ covenant, a~ny puf I~r~of, ssid MORiGAGEE may plip ~nd f` p~Y for wch irouranc~ w~ny pa?t thereof w~thout wahrkg w aNactinp u?p op~ion, li~n, pvity. or ripM undK a by vi.tw of thh Mw~pap~, ~nd the tull amo~M of each a+d ewry wch payment iMll be ir~vnsdiately dw ~nd payabl~ ~nd shsll bt~~ Int~rest hom tM dat~ ther~of ~ntll p~id ~t tM r~h ol " nirn per crntum p~r anrwm ~nd to9ether with tuch imerest tMli ba satured by fht tien of thia mortp~. . ' 4, io ptrmit, tommit a auffe~ no w~st~, impaumenf a dete~ioration of sa~d prop..ry w,u~y p~n ~Mrwf. S. To pay all aod ainpular tM cwti. chsrpes and ~xp~nses. includinp • reasonabl~ anwn~y's fe~ and co~ts of abstr~ets of titl~, incwr~d a paid ~t ~ ~ny time by said MORTGAGEE, because w i~ the ~v~nt of tM failwe on tM part of the said MORTGAGOR b d+ly, pranpdy ~nd fvlly pNfwen, d~ulw~ ' execut~, ~f(ect. complet~. comply with and ~b~de b~r ~~ch u+d every the atip~rlatio~u, preN++enrs, cenditaro. ~nd oowa~nts o( said promiuory noN and this mwqp~ ~ny or ~ither. and said costs, cMr~es ~nd ~xpen~es, e~ch and ~wry. aMll be knmediatety dw ~nd payablt: wM~Mr or not thN~ b~ notip d~ ~n~nd, ~nempt to cdkct w suit p~nd~ng; u~d the full amovnt of each a~d w~ry such payment shall bea. inta~it from tM daN ti+~r~of wnil p~id ~t 1M rate of nine pe? centum per amwm; and afi said toatt, chu~et and expeoses a~wrred p paid, top~IMr with ~uch i~ltr~st, slwll b~ Ncur~d by tM Iwn of thi~ ~0+9~. 6. Th~t (a) i~ tlM ~wnt of any brexh of this AAatyag~ or default on tlr pan of tl+e MORTGAGOR, a(b) in th~ ~wnt any of s~id ~ums of nar~y Mrein nf~rr~d ro k» ~01 prompHy ~nd fully paid withi~ thiry (30) days nea~ ~fter the samt ~everalty b~cwn~ dw and payaW~, without d~m~nd w notic~. w(c~ in tM twm exh aod w~ry tht srip~l~tions, ~gr~em~nn, conditions ~nd cov~nar?ts of aid promissay noro u~d th~s nwrtpp~ u~y w~ithK an nW ~vly. prompttY and ful{y pKfamed, d~scharped, executed, eifected, completed. compli~d with and abided by. fMn in ~itMr or ~ny tuch ~wm eh~ said ag pregste wm mtntioned in said promissory rwte the~ remaining unpaid, with interest acuued, ~~d all moneys sscu~ed hertby, sMl) beoore» dw and pay- •bk fathwith, OI fF~l~Nfflf, at fhe option of sud MORTGAGEE, as f~lly ~nd comple~ely as if all of the said sums of mon~y vwr~ oripinally atipulated to be paid on svch d~y, anythirg i~ ssid promisswy note or ln this Mor~yage lo tM conlrary notwithsqnd~ny; ~~d therwpon or thenafh~ a1 th~ oplion of •sid MORTGAGEE, without notice a demand, tuit a1 law n in equiry, the~efore w thereafter beyun, may be prwetuted q 1f dl moetys a~wr~d hu~by had maWred pnor to iri irqtitWion. 7. TMt in tl» event that ~t ti?~ beginn~ng of w at a~y t~me pend~ng any wit upon ~his Mortg~e, or to fw~clos~ h, or to ~tfwm N, w ro~nforu payment of ~ny daims l+ere~nder, said MORTGAGEE shall apply to the Ca,rt hsviny jur~sd~ce~on tl,erwi fw th~ appantmard of ~ R~ceiwr, wd~ Court shall Fwthwifh ~ppant • recrive~ of said mortya9ed p~operty all ~nd sinyut~?, inclvd~np atl and •;npvlar th~ intorn~, profiri, is~ws and rev~wiN from what~vsr sourte derived, each •nd every of which, it beirg expreuly ~nders?ood, is hereby morlgaged n if apecific~lly wf forth u+d deKribed in A~R pr~ntinp and hsbendum cla~ses hsreof, and such Receive~ s.hall have aIl the broad ~nd ef(edive Eunctwns and powen in anywist entrutted by a Co~?t to ~ Rece'ne~, ~nd such appantment shsll be made by sucl~ Courf ~s an admitted equity and a matter of absolu~e rgM to said MORTGAGEE, and withovt rafere~ce to tM sdeq~acy a inadeqwcy of the vslue of the p?operty morty~ged or to the w~vency a insolvexy o( uid N40RTGAGOR a tiK defendanri, aod thaf such renrs, profiri, income, issues end revenues ~hall be applied by suth Reteiver atcwding lo the lien p puity of said MORTGAGEE and the prattiu of suth Coutt. 8. To duly, promptly ar+d fully per(wm, discMrge, executs, effect, complete, eomply witA •nd abide by sach ~nd ~wry the stipubtiom, prt~nb, condifans and covenants ~n sa~d promissory note and this mortgsge set fwth_ 9. That in the event ti~e ownership of the matgaged premnes, a any part thereof, becomes vesled in a p~rson other tAan the MORTGAGOR, tht MORTGAGEE, ita successws and sss~gns, msy, wifl~wt rsot+ce ta the AM1URTGAOR, deat w+th svch svcceuw w succe»a in intnesf wi+h reference b this mwtgaye and the debt he~eby secured in the same manner ai with Mortgs9or without in ~ny way vitiatir+y or dntharyir?~ 1M Mort9yon' liab~lity htr? under a upon the debt hereby set~rred. No sale of the prcm~ses hereby mortgsged and no fwbe~rance on the part of tM MORTGAGEE p iq sucteuors w assigns and rw e=?ension of the time fw ~he paymero of the debt ixreby secured y'n~n by Me MORiGAGEE or in wccessws o. assipm, sha11 opera~. to release, d~xharpe, modify change or affed the orig~nal liab;l~ty of the 11AORTGAGOR herein, either in whole w in part. 10. h is spec~fically agreed rhet time is of the cssence of this contract and that no waiver of any obliyeYqn her~under or of tM obtisation ~r cvred hereby shaU at any time thereaher be hefd fo be a waiver of the terms hereoi a of fhe instrument secured he?by. 11. In add:tion to the (E?ego'ng monthly payments of prin~ pal and interest required by the promissory rate secured hereby, mprtgapor cpven~ny and agrees to pay to mortgagee with'each monthly payment an add~riw~al sum est~mated by mortgagee to be equal to 1/12 of the annwl cos/ of the follow- ing: . A-All resl property tsxes Icvfed w asxs:ed aysinst rhe above descri6ed rea~ estate. B-Premiums on fire and windstorm insurar.te as herein rcqu:red to be carried on the improveme:?ts situate ar ihe sbove dexribed ptemises. C-Premiums on such matgage guaranty insurar,ce at mortgaqec snalt from t;me to time deem fit to tarry on the loan secured hereby. Mortgsgee shall from t~me ro t~me norify m«tgagor ~n writ~ng of the amou~t due and psy~ble hereunder and s~xh wm shsll therevpon be du~ ~nd I'~ payaWe on the due date of the nexr month:y payment and each succesaive month thereafte~ umil mortgagee ahatl no~ify mwtgs~or of a th~rge in wch ~ ' amou~t_ $uch sums shall be spplied by mortgagee toward the payment of real prope.ty taxes, insurance prem:ums, and mortyaye gwrsnfy iruwant~ ~ ~ premiums. j ~ iN WITNE55 WHEREOf, the said MORTGAGOR has herevnto xt his hand and sesl the day a year firs w . ~ Siyned, Se~led and delivered in tM presence of: ~/%r / f sf .~iuc~~ 4co~n ~°~u. + ~ ~ ~ ' _ ~ ~ _ _ ~ ~ ~oc~ N ~osra~s ~ n CtfPK C~nLWT COURT ~ IlECORC vE~ =i:D.~....i.. ~ , re..~ STATE OF FLORI A i~ ~ 3 a 08 P~ } 33653E~ COUNTY OF ' i Befwe me penonally appeared L1oyd Tay1OZ and s C1OL11d@ F. Taylor his wife, to me well known and known to me fo be ~ the Indiridwls described in and who exec~ted tbe forega~y instrument, and ackrawledged before me that tMy ~xeated the sams for tFw pwposes ~ therein expreased. And the said C10L l lae F. Ta~1lOZ Llo d Ta lor ~ ~ ~ ~ ~ ,~rife of tM said y y ~ exam~nation by me uken separate and apart from her said husband, ~ckrawledged to and befwe me that she eaecuted said iinnumeat fre~iy atsd votun- ; tarily ~nd w~thout any compuiaan, constra~nt, appre ~on, a fea~ of w from her said husband. ~ t ~ WITNESS my hand and official seal this ='2 ~ day of Ma p, ~q 76 ~ ~ J ' - _ i ° ~ ~ cf ~,c • ~ . l ~ ~ Nw~ry P~blic in and fw tM Stat of ffor" "~t tup~ ~ My Comm~uan e~cpires: ~2l/ ~y # ~ Return To: / , Fint Feden) Savinfls 3 Loan /lssociat~on ; ~ OI For: P~erce. ~ ~ Fort Pierce, Florida ' , , ~ . ~S r••~ C ~ ~ _ ~ • ~ ~ 4i ~ f'. ~ ~i ~ ~ ~ This Instrument Prepared By John W. Collins ~,o ~ r ~ First Federal Savings b Loan Association ~ ~ of Fort Pierce , Flor ida ~''L~.~ L( 0• ' . ~ Checked By 1`~~ ~ ' ~ ~ ~ ~c~~~ 2~3 F~~~ - - y~ ~ ~ ~ t ~ ~ ~ - - ~ ~ ; . - - r . ~