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J. To pl~c~ •nd continuovi~y 4esp on fhe bui:dings now a F+ere~i~N ~itu~t~ on sa~d land a~+d on +II equipment and personally cov~:ed by this mort~-
p~, with all premivms thereo~ pe~d ~n lull, fire ins„~ance ~n ths uiud s~endard poiicy (o~m, in ~ tum evWoved by tlw MORTGAGEE, and wind~?wm
inswante in 1M u~ua) standa~d pol~ty (wm, in ~ sum approred by IM MORiGAGEE, in wth tompany or tompanies as th~ MORTGAGEE may !
d'u~ctj and all fire ~nd w~nds~orm insurance pol~ues on eny oi said build~~g~, any tnter~~~ therein or pan thereof, in tM aygrepa~e ~wn ~ta~said o~
in ~acsu thereol, ~hall ca+bin tM v~wl standard mortga~e~ cl+uie w auch other cl~use ~f the Mo+tQage~ may r~quir~, matiny tM Io~~ under ~+~d polF '
cie~, e~ch and every, payablt ro said MORTGAGEE as ili imerest•may sppear, and each and evay such poticy shsll b~ prompt~y ~ts.ynsd and delivered lo ?
any hsld by s~id MORTGAGEE as fwtMr security to aid mo?tgay~ dcbt, and. noi I~u tMn ten (10) days _in sdvance of the expiratioe? of eath policy, to da '
liv~r to wid MORTGAGEE a ren~wal tMreof, ~oq~thN with • receipl fo~ ths pnmi~m oi i~ch ranewal; and then ih~l1 b~ no f~rs or wind~~orm inwranc~ ~
pl~ced on ~ny of said buildinyf, ~ny iroere~t tharei~ a part tMr~of, unless i~ tM (orm and wi~h ~h~ lou payable u afw~s+idt u~d in IM evsM +nY fum {
of mon~y bccomes p~yable unJer such policy w polKies said MORTGAGEE shall hav~ tta opt~on to receive snd +pply tM s+me on accoum ~f tM i~bted~ +
neu setured hereby w to ptrmit said MORTGAGORS to rtteive and ust it w any par~ thercoi iw othc~ purposes, without therao~ waivi~?g w ~mpair-
in9 any equ~ty, lien w right under w by virtus of this mortyage; ~nd in i~.~c A!ORTGAGORS shall fa any rea?on tsil fo keep ~he u~d pr~*n~ses w
insured, a f~il lo delive? prompHy +ny of said policies of inwruxe to said MORTGAGEE, or fail prompUy to pay fvtly any premium ther~fo~ p ie any :
rospat~ fail lo psr(orm, d~acMrge, execute, ei(ed, complete, comp~y with and ibide by th~i cove~++nt, or any psr~ hsreof, t~id MORTGAGEE may piace +nd i
;.sy fw tuch insurant~ o~ ~ny part thereof without waiving w affettinp any option. li~n, equity, o~ righl under or by virtw of thii Mortyag~. ~nd tM
fuU amouM of e~ch Md ~very wch payment ~hall be immediately due u+d p+y+bN •nd shall beaa im~reit from tM date thereoi untii paid a~ tM raN ol
nine per cenrum per an.?um and to~e~her with such iroeres+ shaU be secyred by th~ Ihn oi thii morty~g~.
t. To permit, canmit w suffer no w»te, imps'umeni cv deterioration of said property o~ +ny p~t ~hereof. ~
S. To pay all and singulu the cost~, charpes and e:penze:, including a reasonable attorney i iee and costi of sbstracts of title, incurred w p+id at
any tlme by said MORTGAGEE, because w in the avent of the faiiure on the par~ of th~ iaid MORiGAGOR lo duly, promptly +nd (ully psrform, diuhug~, ~
exen,ts. eifect. complete. comply w~th and ~b;de by each and every the stipulat~ons. ayreements, condi~ions, and coven+nts ot s+id promiiwry no~~ and thN
mortgape ~ny or ei~her. a~d said cosn. charges snd expenses, each and every, ihall be immcdiately dw and payable: whe~her w not the~e b~ notiu de ~
msnd, ~ttempt to tolkct or wit pend~ngj and tM full amount af eath u~d every tuch payme~t iMll bea~ inrerest from tl+e date tMreof until p~id al the j
ra~e o~ nine pe~ centum per annum; anc! all said cos», charges a~ expenses Incurred o? paid, together with such interest, shall be sacured by ths lien of thu E
mwt~~~. ,
6. TMt (a) in tM wsnt of ~ny breach oi this Morrgage w default on the pan of the MORTGAGOR, w(b? eve~t ~ny of ta~d swnt of mo+~ey
he~ein ref~vred to ba ~ot prom~tly and fufly paid within th~rty (30) days next after tM same severaUy become due and payabl~, witlw~t demand w notice. ~
or in the event each and every the stiputations, agreements, condit~ons and covenants of sa:d promiuory nofe and th~s mwt~sye a~y w either ~re not
~uly, promptly and fvlly perfwmed, d~scharged, executed, effectcd, completed, complied with end abidcd 5y, then in e~ther or •ny avch ewnf tFN said
gregate wm me~taned in said promissory note then remaming unpaid, with intere~l xuued, and aIl mo~eya ucured hereby, shall becomt dw and pay~
able fwthwith, a thereafter, at the option of said MORTGAGEE, u fvlly and complNely as if all of the wid sums of money were oriyinally st~pvl~ted 3
ro be paid o~ such day, anything in sa;d prom~sso?y note w in this Mortyage to tha conrrary notwnns~anding: and thereupon or the~eafter a~ rhe option ef
said MORTGAGEE, withouf notice or dem~nd, suit at law or in equiry, therefwe a thereaher begun, may be prosecuted a~ :f .^.:eneys setured hereby
had matured pria to its irotitutio~. _ j
7. Th~t in the erent that et the bcginning of w at any time pending any suit upor+ this Mortgsge, w to fweclose if, w to refwm it, or to enfo?c~ i
payment of any daims hereunder, said MORTGAGEE shall ~ppty to the Court having jurisd~crio~ thereof for the appointment of • Receiver, svch Co~rt shal) ;
forfhwith appoint a receiver of uid matgaged property ail and sing~l~r, inclvdmg all and singutar the income, prolit~, isiues ~nd revenues from wMtever
wurce derived, e~ch and every of which, it being expressly unde~s~ood, is hcreby mw~gaged as if speuficaliy xt futh and described in the ~ranting and ;
habendum clauus hereof, and suth Rcceiver sha11 have aIl the broad and effective funcnons and powcrs in anywise e~trusted by a Court to a Reteiver, and i
cuch appointment thall be made by suth ~ourt as an admitted equity and a mstter of abwlute right to said MORTGAGEE, and witFw~t rsferente to th~ ;
edequacy a insdeqvacy of the value of the properry mortgaged w to the soNency a~nsolverxy of sa~d MORTGAGOR a the defenda~ts, and that iuch s
rents, profiri, income, issues and revenues sh~ll be applied by svch Receiver according to the lien w eqvity of s~id MORTGAGEE and the prattita of suth
Courf. • .
8_ To duty, promptly and futly pe.(orm, dtscharse, execute, effect, complete, comply with a~d sb7de by each snd every the stipulations, agreements, ~
condit~ons and covenants in :a~d promlasory note and ~his mortgage tet fath. `
i
9. That in fhe eveM ~he ow~ership of the mortgaged premises, w sny part ihereof, becomes vested in a perwn other than the MORTGAGOR, the
h!ORTGAGEE, its succesaors ~nd auigns, rrwy, wi~hovt ratice to the MORTGAOR, deal with such successw or succrssa~ in interes~ with ~efere~ce to this ;
morfgage +nd rhe debt heroby y~etured in the same manner as with Mbrtgagor without in any way vitiaYug ot discharging the Mortgaaors' ~li~bility herr
under w upon the debt hereby secured. No sale of the Fremnes hereby mo.tgaged a~d no fwbearance oe the part of the MORTGAGEE w in successws
or ass~gns and no exteroion of the time for the payment of the debt hereby secwed given by tM MORiGAGEE w it~ successors or augns, slull operate i
ro release, discharge, modify`tl~ange a aifect the orig;nal IiabJity of Ihe MORTGAGOR herein, either in whok a ~n part.
10. It is spediitally agreed thst timr ia of the e~sence of this cont~att and thal no waiver of sny obli9stion hereunder or of ths obliystion se-
c~red hereby shall at any time thereafter be held lo be a waiver of thr terms hereoi or of the instrument secured herby. "
I1. 1~ add~tion to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secur~ hereby, matgagor cove~ants
and sgrees to pay to mo,tgagee with each mqmhiy paym.ent an add~tional sum est;m.ated b~ mortgsgee to be equal to 1~`12 of the annual cost of the follow-
ing:
A-All real property taxes lei~ed w a:arssed against the aLrove deu~ibed real estate.
! B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above describe:! premises.
i C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to t«ne deem fit to carry on the loan secured hereby. ;
~ Mwtgagee shall from time to ~Er+e notify mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be due snd E
~ payable on the due date of the next month!y payment and each successive ~nonth there~fter u~til mwtqagee sF?all notify mortgsgw of a chartge in suth '
amo~nt. $uch sums sF.all be app!ied 'ny mwtyagee toward the payment of rea? property taxes, insurance prem.ums, and mortgage guaranty insurance ~
~ p~emiums. z
~ IN WITNES$ WHEREOF, the said MORTGAGOR hss hereunto set his hand and sea~ the day and year rst aforesa' ~ i
Siyned. Sealed and delivered in the presence of: ~ i
~ ~s:~~~ ~c~~ ' n _
n tl~,;;x~ ;,t~s~ r a~n n
~ s r,i~i1S ~ ~ ~ a
~ Q/ p.f f.( G r:~,i?t
i twJi~ q :
tf*_t}P~ YEF'-;tE1~i~ a Ys sAtl rs.a~
SiATE OF FLORIDA k? f
St. Lucie ~ r~ i
~o~Nn ~ _ 3382~2 '
Ae~^re me penonally appeared Howazd B W11SOt1 ~nd ~
Gladvs W. W~l:OTI his wife, to me well known and,known to me to bs ~
~ the individusls desuibed in and who executed the fuegoinp instrument, ~nd ecknowledged before me that they executed the same for tht purposes
therein exp~esxd. And the isid G~dyf w. Wilsen ~
~ w~fe of the said Hewazd B. Wilson upon a separate and privst~
~ examin~tion by me tsken xparate and apart from her ssid husband, sdcnowledged to and before me that the executed said irotr~ment freely ~nd vdurf S
' raa.y~etd without eny compulsion, constrsint, approhens,on~_q fear of w from her said husband. ~
~ WIiNESS my hand and official sen! :ts:• day of A. D. 19_Z~.
~
r;
~ Notary Pub1K ' a a the Sute of P{orida at larpe
~ My Commisi ex ~res:
Retu~n To: Notory PvF.!?c, State of Fk•:dc at lar~e
First Federal Savi • 3 loan /~sociation '
~ ~9 Mr Cwrmiss~cn Exnir:s Jut~ :2, 1977
~ Oi Fort P~erce. ~
Bonded br .'1m~r:san F:re 8 Cu~~~ltr C~y,
fort Pierce, Florida
~
~ _
~ : . , ~
This Instrument Prepared By Ga=Y F. B11~M~d . ~ ~ ;v ~ , ;
~ First Federal Savings d~ loan Association , ~
~ of Fort Pierce, Flnri~da _
~ Checked By ~ ~x ' ` _ _ ~
~ ~~-:t 254 P~~ ~33 . , ~i
~ ~ ~ • . ' . . . . ' ' ~
~ e sh ~
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