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3. To pl~c~ •nd con~i~uously k~*p on ~he bu~ld,ngs now w INfl1f1~/ ~ifWq Of1 said land and on all equipm~nt ~nd p~non~lly cov~r~d by thi~ mort¢
+p~, with ~II pr~mivms ~hereon pa~d in full, (irs insur~nce in ~h~ usu~l u~rdard policy form, in a~um approved by ~Fw MORTGAGEE, ~nd wi+~twm
iraw~nc~ In ~h~ ~iwl ~~anda~d pol~cy tam, i~ a sum approv~d by th~ MORTCsAGEE, i~ such company w compu~iK u tM MORTGAGEE nuy
dir~ttj ud all tin and wi~dstorm insuranc~ polic~es on ~ny oi ~aid buiW~opt, ~ny inler~st the~~in or parl thtr~of, in tM a~9rp~t~. ~um aforaaid a
In ~xc~a thato/, fMl) contain tM usual sta~dard mor~~p~e clauH a such other claus~ ~s tM Mortpa~N m~y rpuu~. makinp 1h~ lou undN s~~d potF
ciN, tKA ~vNy, payabl~ to said MORTGAGEE as ~ti inlere~t m~y appear, u~d each and ~very iuch poliq ~hall bs p~omptly ~~a:q~ed ~nd dNiv~red ~o
a~y Mld by said MORTGAGEE at fur?hsr xcurity ~o said mortpa9~ debt, and, nW Ma tha~ t~n (10) days in advanc~ 01 th~ ~xpir~tioo of ~ach polity, fp d~.
liw? ~o ~aid MORTGAGEE • r~newal ther~of, ~oy~rFa~ with a r~c~ipt fw the pr~mium of ~uch r~new~lj ~~d ~hNe shall b~ ro fir~ w wi~d~lam i~sur~~c~
pl~ud on ~nr oi sud b~lldlnps, any fnta~sl therein a p~rt tM~eof, w~tesi in tF+~ fam and wi~h 1M bu p+y~bl~ as afa~ufd~ u+d in tM ~v~n1 ~~r w~n
of mw~ey becorn~s payabl~ ~nder such policy a pol~c»s uid MORTGAGEE ~hsll h~w th~ optan to ~eceiw and ~pply tM suM on auowN ot ~M ir+d~bt~d
Ms~ sscwed ha~by w ro permit said MORTGAGORS ro rKeivs aod us~ it a any part tMrco} lor other purposes, without Il~ereb~ waivinp or enp~ir-
inp a~y p~ity, li~n or right unde? c+r by vir~w of ~his morsyafle; ~nd in ~M sv*nt uid MOQTGAGORS sMll fo? any reason fail to kKp tM uid ptmisst so
Mwrcd, or fail b delivtr pranptly any of uid policie~ o} inwran~ Io ~aid MORTGAGEE, or fail p?omptly to p+y fully ~ny pramivm the~efw p in ~ny
r~ap~ct (~il 1o pNform, diuharge, ~xecuq, effM, complete, comply with snd abid~ by tiut covN+ant, p a~y part her~ol, s~id MORTGAGEE m~y plats ~nd
p+Y fw such lmuranc~ w ~ny parl tMreof w~thout w~ivinp w afftcliop any option, Iwn, pu~ty. o~ ryht und~r or by virtw of ~his Mort~aps, and the
full ~rno~nt oi eacA and ewry sucl+ payment shalt be imrneoiately dw and p~yabl~ and shall bear In1HQ3f }fOrt1 tIN dit~ tI1QflOI vntil p~id at ttw rat~ of
nli+e per centum ps~ annum and logathar with tuch inte~est sMll bs secured by fM li~n of this mwt9s~t.
1. To permlt, cpmmit or sufier no waste, impairment p deteriwatio~ of sald property a~ny parl thereof. "
5. To pay dl ar+d sinp~la~ th~ costs, charpea ~nd ~xpensei, includinp + re~sonabl~ attwRey's fes and wst~ of ~bstracn of titt~, incuned w paid al
any tim~ by wid MORiGAGEE, betauss or in the ever?t of tM tailure on the p+rt of ~he said MORTGAGOR ro duly. promptly and fully pKtorrty dischary~
execute, ~ffed, complete, comply'with and ab:de by each ~nd evary tAe uipul~t~ons, ~greemenn, condit~wu, and oownants o( said promiuory not~ and thw
:r~o~t9p~ ~ny w ~i~he~. ~nd said costs. char9es ~nd expen~es, each and svery, shall be immediately due and pay~blr, whether a not tMr~ b~ ew~iu d~
rrwnd. attempt to colled w suH p~ndir+p: and th~ full amouM of e~ch and every such payment shsll be+~ interest fran th~ d~h tMrwf until paid N/M
rate of nine per centum per amium; and ali said costs, charpet and expenses incurred w paid, to9~~her with wch IfIfHN1, ih+ll b~ ucur~d by 1M lien of thd
rt1Wf~~~.
6. 71~t in th~ event of any breach of this Mortgsp~ w default on ths pa?t of ths MORTGACOR, a(b) in tM eva+t ~mr of a~d sums of money
herein nferr~d ~o bs ~ot prompNy and futy p~ki wi~hin thhty (30) days nex~ afte~ ~he s~ ~ever~lly becoma dw ~nd p~y~bt~. witi+out d~m~nd a notiu,
w(~ In th~ w~M eath and every the tripulatior?t, agreemenq, coaditions and coven~nts of sa~d promiuory ~ote and thii. morlyape any w eitha ar~ not
fi~ly, promptly u~d fully performed, d;schargcd, exacuted, effected, completed, complied wifh and abided by, ihtn in eithe? ot any such ~v~nt IM uid ap~
yreyat~ wm mentqned in said promissory note then remainin9 unpaid, with intersil accnied, and atl moneys set~red har~by, ~hall beaom~ dut and p~y-
•bl~ fwthwith, w thereaftcv, at th~ opt~w? of said MORTGAGEE, as fully and comple+ely as if sll of the said tums of mon~y wert aipinNly stipulated
to be paid on such day, anything in sa:d promiss«y note or in this N4ortgage to 1he contrary no~withstanding; ~nd thsre~?pon a ttweah~r ~t tht optwn of
said MORTGAGEE, witho~t notice or dernand, suit at law or in equity, therefw~ o~ thereaf~er begun, may be prosecuted u if dl moneys s~cur~d hsrtby
Md matured pnw to its institution.
7. That i~ the event that s~ the beginnEng of a at any time pending any suit upon fhis Nlatgsge, w M faedos~ It, or ?o t~form it, w to e~forp
payment of any claims hereunder, said MORTGAGEE shall apply to the Covrt having ju.isdiction thereof (or the appantm~eN of ~ Retaver, suth CouA ~II
Fathwith appoinl a?ecciver of said mortgaged p~operty all and ainyuls?, includ~ng alt and singul~r ths incoms, p~ofih, issws ~nd revenues from whahv~r
source derived, each and every of wh~ch, it being expreasiy unders~ood, is hercby morrgaged at if spec~(iully set fwth a~d dewibed in ths ~rantinp and
habendum clauses hereol, and auch Raceiver shall have sll the broad and effective funcnorts and powen in ~nywise entrusted by • Courf fo a Rec~iver, and
•~ch appointment shail be made by such Court ss sn ~dmitted eqvity and a rrwtter of absolute right to said MORTGAGEE, u~d withoul r~f~rtnc~ fo tl+~
adequacy a in~dequacy of the value of the prope~ty mongaged or to the sonrency or inwlvency of said MORTGAGOR or tl+~ defe~dants, ~nd that such
renes, profits, Income, hsues and revcnuss shall be applied by 'sucb Reteiver xcordir+p to ths lie~ ot puity of said MORiGAGEE and the practiu o( such
CouA.
8. To dvly, promptly and f~lly perform, discharge, eaecutq ef(ed, complete, compfy with and ~bide by each and twry ths ttipulations, ~reem~n»,
condit~ons and covens~ts in said promissory note and this mortgage set forth.
' 9. That in the eveM the ownership of the mwtgaged premisea, or any parf thereof, becomet vested in a pe?wn other tMn the MORTGAGOR, th~
MORTGAGEE, irs successors and ass~gns, msy, wi~hout notice ta the MORTGAOR, deal wifh such :uccessa p succe~sor in interest with reference ro this
mort9sg~ and rhe debt hereby secured in the same manner u with Mwtgsgor withovt in ~ny wsy vitiating p distMrpinQ tM Mortqagon' liability htr!-
under a upon the debt he~eby securcd. No sale of the premius hereby matflaged ir+d no forbeara~oe on th~ put of 1M MORTGAGEE a ib suaesion
or auigm and no e:rension of the tim~ fw the payment of tM dcbt hereby secwed yiven by the MORTGAGEE or its aucuswrs or ~ssipns, shall op~ra»
to releas~, dixMrge, modify char~e or affed tAe original liabil~ry of tF~s MORTGAGOR h~rein, eithu in whole a in part.
10. 1~ is spacifiully agreed that time is of the esxnce of this comract ~nd that no waiver of any obliyation FKrevnder or of ths oblipatan ~
cvred Fiereby shal~ at any time thereafte~ be hetd to be s waiver of the terms hereof w oi the instrumeM setured herby.
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1 E. In add~tio~ to the fwego:~g ~nonthly payments of princ'pal and i~terest required by the promissory no~e iecured hereby, mottysgor cownantt
and agrees to pay to mortgagee with each monthiy payrtum an addirional sum estim~ted by mortgagee to be equal to 1/12 of the annwl cott of the fdlow-
irK): .
, A-Atl real property" taxes lev~ed w auessed against the above described real estate.
B-Premiums on fire and windstorm ins~rance as herein requ~red to be carried on the improvemenes situate on tF~ above described premises.
C-Premiums on such mwtgage guaranty insurance as rnortgagee shail from time to time decm fit to csrry on the bsn tetured hereby.
Mortgagee shall from time to time notify mongagor in writit~g of the amount due and pay~ble hereunde? and such wm shall thereupon be due and
payabk on the due date of the next monthly payment and each successive month thereafter ur.til mortgsgee shall nofify mortgagor of a chanye in such
amount. Such sums sFall be apFlied by mortgagee toward the payment of real property taaes, i~surance prem:~ms, and morfyaye gwranly inwr~nce
premiums.
~ IN WITNESS WHEREOF, e said RTGAGO s hereunto set his hand and ual the day a rst ata id.
i • _
aled and de ~ pr . ` _
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~ ie P.
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~ STAiE OF fl6RfBA I~Cp~,TGA/~
€ couNnr oF Ge,r~s¢4-- ~
~ eefae mep~~so~11 appea ~1~1 H• Kll~~lt
~ !l8r1@ t'. and
~ hn wife, to me we0 known and known to me to b~
the individusb described in and who executed the foreyoYin.p.~i7nst,rume~t, and icknow?edped before me tMt tluy eaacuted tFie ssme for the purposes
therein exp~essed_ And the sa~d ~i@ P• +'++~6+'t
~ wifs of the taid ~1~1 H~ ~IIl~lt
~?pon a separate and priv~t~
€ examination by me taken kparate and epart from her said husband, ecknowledged to and before m~ that she execvted aid irutrument freely ~nd volwr
tarily ~nd without any compulsion, constrsint, appre~'s~o,, or feu of w from her ssid huiband.
¢ WITNESS my hand and official seal thi: ~7T ~y o, - 1~1 76
, A. D. 19
~ ti
. No ry Public in for ths Sute of.i~iMids at L~rp~
` 3383.~8 My Commission expires: a19 /h ~a,1~ta,Ar
; Retum To: ~ ~ . .
~ First Federal Saving• b loan Association ~ .
AN'v Rf-f~t
i Of Fort P:erte. ~~~~~QC'~ ~.4~~ 4
Fort P~erce, floride 'r ' . .
`~pG~f~ rU iRAf _ . - .
; GI~F~` "vi:•~~JIT ~OU _ . . • : ; : %
' 11F^f!~C Y~PI'SEO ~ t • _ `
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5 This Instrument Prepared By Johri ~T. COllirl8 ~ y~ ~16 ''f'' 3
° First Federa) Savings 8 Loan A sociation ~
° of Fort Pierce s ~orida ~ .
~ ~
; Checked By
E r ~ ~54 fACE ~AU ~ ' ~ . .
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