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To plat~ and co~tinuouely keep on the b~~,d~ngt now a h~resfter ~~twle o~ said land end a? equ~pnent •nd p~rson~ily cova~d by thi~ mw19- p~, w~th •1) p~~miums iha~eon pa~d in (~II, i~re i~,~u~ar~ce ~n ~he ~~wl s~++dud pot~cy form, in a•um ~pproved by th~ MOR~GAGEE, and w~nd~torm inswa~+c~ in ~M usuai atandard pot~cy io~m, in a sum approvaJ by ~M N10RTGAGEE, i~ such compa~y or companies ~s tM MORTGAGEE may ducclj and ap fir~ a:~d windaiorm insuranc~ polKies on a~y o( wid build~np~. any inttro~l ~Mnin or part thtrwl, in 1FN apyreyat~ wm ~ipetaid q In ~xcea thrreol. ~MII coniain the usua~ ~u„d~rd nwrrps9e~ claus~ a wch oiha cl~uN ~M Mw~9~9ee may ~puu~. m~kinp ~M Iw~ vnd~. s~~d poiE cief, each •nd ev~ry, payabt~ ?o said MORTGAGEE as in~ae~t may ~ppaar, and each and every ~uch poi~cy ~hall b~ promptly qs:~ntd ~nd d~~ivertd to • ~ny held bv sa~d MORTGAGEE at iur~her ~ecuritr ~o sa~d morty~fle debt, and, no1 les~ ~Fun ~en (10) day~ in ad~ance of ~M ~ap~r~~ioo of ~ach pol~ty, to dr liva to taid MORTGAGEE a ~e~wwal ther~ot, toye~he~ with •~ace~pt fa the pr~mium of such ~e~ewal; and ~here thall b~ no fir~ or windi~o~m iniuranc~ pl~ad on ~ny of said build~ngs, sny inrere~~ the~r~n or pait thereo(, unles~ in tF+~ fo~m ~nd with tM lou payabl~ as •ia~aid; ~nd i~ th~ tvent ~ny sum of mon~y becom~s payib~• under such policy or pol~c(es wid MORTGAGEE •hall h~va ihs ophon to receive and epply ths iun~ on ~ccouro o( tfie ind~bted~ ' neu secured FK~eby a to permi? sa:d MORTGAGORS to recriv~ ~nd us~ it a any part thercol fw o~he. pu~yoses, w~~hout tha~eb~ waivi~.y a~mpai.- ir~p a~y pu~ty, lien w~ght under or by virtue of ~his mo:tgage; ~r+d in ~M evem ~a~d MORTGAGORS shall fw any rtawn fail to keep tM aid pr~mi~ea io ~ insu~ed, or (ail Io deliver prompfly any of uid policies of ins~cance to said MORiGAGEE, w 1ai1 promptly to p~y iully ~ny pramium tFxrefp w in a~y ~ 1 re~pect f~il to perfo.m, d~scharge, execuee, e((ett, complete, canply with and ab+de by th+s cove~+ant, w any par~ ha~eof, said MORTGNGEE m~y p~~u s~d paY (w such insurancs or any part thereof without weiving w~f(ecting any option, lien, equity, or riyfit unde~ or by virtw of tF~is Mort~spe. ~rid tht • 1v11 amount of each and every ~uch paymem shall be im„~ediat~ly dw and psyabl~ and sh~ll bear interesl from t!a dat~ thareof until pad tM rat~ of nin~ pe~ cenrum pe~ annum and toge~her wiih such.intrrost ~ha1i t,e secured by ths lien oI thii mortg~a 1. To pern:it, commit o~ suf(er no waite, impairment w deteraration of faid property q sny patl ther~of. S. To pay all and ~irpulu the costs, charges and expenses, including a ~e~sonabla +no~ney i fee and costs of abstracta of titl~, incu~r~d or paid ~t any time by u~d MORIGAGEE, ~ecause w in the went of ~he lailure on the part of the iaid MORTGAGOR to duly, ptomplly and fvlly ptrfpm, diicha~gR axecute, effec~, comptete, comp~y with and ab~de by each and every the stipul+Tions, ag~a:ments, conditions, and mvenants oi s~id promiisory not~ and ~his mortyags •rty w eithcr, •nd uid costs, charges and expenses, each and every, thall be immediately due ~nd pay~bte; whether p not tMrt be notiu de~ mand, attempt to coIIM w suit pend~ngj and the fu!? amount of each and every svch p~yment tMll bea~ interest from the dats thereof u~ti~ p~id ~t tht .ate of rcine per cemvm per amwm; and ali sa~d cosb, charges and expenses ~ncurrad a p+id, togNher wuh tuch inter~st, ahall b~ ucured by tM li~n of thi~ mortp+p~. 6. 11+a1 (a) in the evenr of any breach of lhis Matgage w default on the pa?t o( the MORTGAGOR, oe (b) in the eve~t ~ny of s~id wms of mon~y herein referred to be not promptly and f~tty paid with;~ thirty ~30) d~ys ~ext afeer the isme uveratty besome dw and payable, without d~msnd w notice, or in the evant each and every the s~iputaf~ons, agreements, cond~tions a~xl covenams of sa:d promiuo~y note and th~s mortyape any p t~~her ar~ nM ~uly, promptly and tully pe.fo~med, dacharged, execured, e4~ected, completed, compiied with and ab~ded `?y, then in athet w any such ~vtnt tFk Nid a¢ gregate sum ment~oned in said promissOty note Ihen remai~i~g unpaid, with interast accrved, and all moneys secured hereby, thsll beton+~ dw •nd p~y~ eble forthwith, w ~hereafter, at the opr~on of said MORTGAGEE, as Fully and completety as if a~l of the said sums of money were origi~stly stipulatcd to be pa~d on such day, anything in ia.d prom~uory noee or in this Mwtgage fo fhe comrary notwi~harsnding; •nd ~hereupon p thereafta al tM op~ion o} sa~d MORTGAGEE, without notice or demand, s~it at law or in equity, therefore w theteafter btgun, may be prosecvted as if all montys t~c~r~d M?~by had matured pnot lo its instit~hon. 7. That in the evcnt that at the beginning of w at any time pending any suit upon this Mortgage, d to fweclos~ it, o? to reform it, o~ fo enfwte peymcn~ of sny ciaims he?eundcr, said MORTGAGEE shafl apply to the Coun hav~ng ~wisd~a~on dx.eof (w ~F+e appointment of • Receiver, tuch Cou~t shall forthwith appo~nt a ~eceive~ of s.+id mortgaged property aIl and sing~lar, inclvd~~ all and sugular tha income, profits, issues +nd r~venuet (rom whatever wurce derived, each ~nd evrry of wh~ch, it be~ng expressly unders~ood, is hxreby mwtgeged as if spec~f~cally set foc~h and described in the qr~ntir~ ~nd habendum clauscs hcreof, and auth Receiver shail have all the broad ~nd efiecrive funct.ons and powers in anywise entrusted by a Court fo • Receiver, ~nd s~ch appointrnent shal! be made by such Court as an admitted equity and a matter of absolute ~iyht to said MORTGAGEE. ~nd without reference to tM edequacy or inedeqvacy of the value of the property mortgaged or to the sowency or insotve~cy oF u~d MORTGAGOR or the defendants, and that such renu, profits, income, issues and revenues shall be appGed by such Receiver accordmg Io the litn w rqvity o} said MORTGAGEE and Ihe practice o( suth Gourt. 8_ To duSy, prompY.y and luliy perfo~m, discha~ge, exetutt, elfect, cwrptete, cartply with aruJ ~bide by each ~nd every the st~pulations, ayreemsnts, conditions and covenants in sa~d promissory note and th~s mortgage u~ fo~th. ~ 9. That ~n fhe cvent the ownersh~p of the mortgayed prem~ses, or any part thereof, becomes vested in a person other tMn the MORTGAGOR, tM h1URTGAGEE, its successws and as~~gns, may, wifhouf no~ice to the MORiGAOR, deal with such suctessor w tuccessw in interest with reierence to thii mor?gage a~d the debt hereby secured in the same msnner as wilh Mortqagor without in any way vitiatinp a d~uharging the Mwtgagon' li~bility Fkre- under or upon the debt hereby secured. No sale of the prem~ses hereby moitgaged +nd wo (orbesrance on the part of the MORTGAGEE a its succesaws o. ass~gns and r.o extens~or. of the t~me for the payment of the debt hereby secured give~ by the MORTGAGEE or its wcctsswi or auiyro, shall operat~ ro release, d~scMrye, rnodify change or affect the orig~~al liabii:ty of the MORTGAGOR herein, either in whok or in psrt. 10. It is spec~f~catly agreed tha'P t~me is o~ the essence of this contrad and thar no waiver of any obtigatio~ he~eunder a of the obliyation ss- cured hereby shal~ at any time rhereafter be held to be a waiver of the terms hereof w of the instr~ment secured herby. ' 11. In add,iion fo the iorego ng month:y ~~aymeni: of p:i:,Cpal and intrreu required by fhe promissory .rore :ecured hereby, mortgagor covenanfs ar:d agrees to pay to marrgagce v~~th each monthiy payrnent an add~nonal sum esnma~ed by mortgegee to be eq~ai to 1%12 of the annual tost of the follow- ~ny: A-All real property tsxn ievied or atsessed agai~st the above desvibed re~l estata. B-Pren.ivrns on f:re and windsro~m insurance as herein req~,red to be ca.ried on the improveme~ts s~tuate o~ the above described premises. C-Premivms on avch rr.ortgige gvaranty insura..ce as mo~tgagee ihafl from t~me to time deem fit to carry on Ihe {oan tetured hereby_ Mortgagee sha~l from ti.ne to r,me norify mo~tgagor in writing pf the amo~nt due and payabte hercunder and suth sum shall fhereupon be due ~nd Fayable on tne due date o4 ~h> r.e~t n:onthiy payment and each successive monrn ther.aitcr until mwtgagee shall notify mongagw of a thange in such a~~o~nf. Such su~ns shai! be aNF:'+ed 5y morrgagee ~o+~:ard fhe payment of real property taaes, insurance prem:ums, and mptgage guaranty insur~nce j premiums. - IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto ut his hand and seal the day and yea~ first afwesaid. i Signed, Sealed and deti 1~red in the prexnce of: " E • f lED i.Nt~ R~CJY ~ L° ~ •4 ~ - ' ' ~ .L , , - , tI1C?: .3tllfT ~Q~E~ ~p~T~~S Mor is C. R id ~ ' - _ CIEf+K C~~~f f!~ COL~~ C! ~ (5e~~ ~ aE'~a~ yEy Marie B. Reid ~e+q ~ SiATE OF fLORIDA ~ ~ ~0 ~O ~ CGUNTY OF St. WC1@ # ~~~±~+^~j ~ Morris C. Reid C7C7Vi(• ~ Before me perwnally appeared ~nd ~.~'1~ t 1 Q B. R e i d his wife, to me well known and known fo me to be ~ the individuals desuibed in and who executed tM fwegang instrument, and ackrw~nledged before me that they executed the wme fw the purposes ~ Marie B. Reid ~ r h e r e i n e x p r e s s e d. A n d t h e s a~ d_ ~ wife of the said ~Or Y 1 S C, Re i d ~~~~fe ~w~~~ ~ exam~nat:on by me taken separate and apart irom her said husband, acknowledged to and before me that she executed said instrumenl freely ~nd volun~ ~ rardy and without any com pui:ion, constraint, a p prehe ~ qson, or (ear of w from her said husband. s WtTNE55 my hand and offic~al seal this__ ~.:~i..`LL~-! _ day of June A, p, 19 ~6 / ~ • ~ ~ 7 ~ ~ E t~~~G L , , , Notsry Pubtic in snd fo~ ihe , ate of f• id~ ~f lar~ ; " c% My Commisfion expirp: i~- ~ y-~ y Retum io: First federal Savings a loa~ Associat~on ~ pf i orl P ~ ? Forr P~e~ce. fio.~Ja ' : ~ , ~ ~ . .i~ • ; ~ :'~~-~Ya~,=. _ t This Instrument Prepared By John W. Collins ` ~ First Federal Savings & Loan Association ~ , ~ of For? Pierce , R lot ida ' '-J;,' ~ { E ~ ~ ~ Checked B ~ r: t PAG~ ~W ~ . ~~J• ~~e - :p 1 I i ~r ' . . ~c' - ~ t 11~~' - ~ J ,i ~ =r . i~ ~ ~ ~ , ' ~ ' ~ . . . " ~ . : - , . . - . . ~ . - _,;,=>`"sc