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3. To piac~ ~nd co~unuo~sfy keep on the bui'dh:gs now or he~eait~r ~~~wte on sud land and on sH eqvip~nent arn! pertonaily covei~d by thia nqrl¢
ps, wi~h all premiumt thrrto~ pa d+n lull, 1ne insuience in the utual sta~xJard pofty Form, in • wm sppru.cd by die MOR(GAGEE, ~nd winditwnl
iniu~~nca in 1M usual sranderd pO:~ty forrn, in a sum •pp~ored by the MORiGAGFE, in ~uch tomp~ny O~ compan~t~ ai ~M MORiGAGEE nNy
d~rectp ind sU iirs and w:nc!}rcrr++ ~nswa~+c* {?~c~~~c~*s on ~ny of taid 6uild~rgs, ~ny iMerest tF+~rein or part Iheraol. in tM ap~rcyate fvm ~1aeN~d o?
in eacess Ihereof, ~hali contain IM usual sta~xfard mo: rgag~e claus~ a suth o~hsr deus~ as tM Mal9agee mey ~equ~r~, m~?in~ f}w iws u~ Nid poli~
cies, each and every, payab!e to ss~J MORiGAGEE a~ ~rs imerest m~y appeu, ~nd each •nd avery iuch pohcy ~hall ba promptly ~~i.yncd and dotivered ~o
sny F~ald by saEd ~10RIGAGfE ss f~reFar ucurirr to said ma.tpa~e debt, and, not lc~u than ten !10) dayf i~ edvence ol the axp~~sno~? of ~ach policy, ro d~- ~
I~ver to said MORTGAGiE a reneMal thereoi, ~uytthsr with a rcce~pt (W the pre~nium of such renewel; and Ihere shall be no f~re ot windtto~m inwr~nc~ i
pl~ced on any of said build~ng~, any interett thrrem w part ~hereoi, unleti in the (orm and with 1he los~ psyable e~ a(wesaid; and in IM eveni any ium _
o} money becornes payebie uniicr ~uch po:ky u poi~cies sa~d MJBSvi~GEE shaii h~ve ~he op~~w~ ~u rr~r~~e and ~pyiy tiw u~~w a~ a:counl of tAe irsdabted
neu sec~red hereby ot ro pennit ~ald MORTGAGORS to receive and uis it p any part thereof tor cfi~cr F,~r~,csrs, w~tho~t Ih_~cu~ waivi~~ o~ ~mpair-
ing any equ~ty, lien w ri9M under or by virtue of this mo:rgage; and in ~he eveM sa~d MORTGAGORS shall ip any rcason iiil fo kesp the said p~~mikt so
insu~ed, w fail to deiiver promptly any of seld pol.c:as of insurancs to se:d MORiGAGEE, or (aiI promptly to pay f~lly any prem~um thereior or in any
resped lail ~o perform, d~scharge, ea.cu~e, efiec~, complate, comply with and abide by Ihit covenant, w ~ny part heraof, sa~d MORTGAGEE may pt~te u+d
pay for wch insurance or any pan ~he~eof wi~hou? waivi~g u afFecting any opt~on, lien, ~q~~ty, or ~i~ht under w by vir~ue of this Matpay~, +nd tht
full amoun~ oi eacA and e.ery such p2ymeM shaU be ~mrned7ately due and psyable snd sheq bear imera~l from the date thereof until paid at ~M raq ol '
nme per cent~m per ann~rn and ~o~rther wiTh ~~ch interesi ehal~ be srcured by Ihe lien o1 this mortyagt. ~
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To p~rmit, commit or sufter ~o wa~te, impairment or detcrioration of s~id property o~ ~~y pert thereof.
5. To pay aIl and sin~uia? the costs, chargef ~nd expenies, includ~np a reasonabte ettwney'f lee and costs of abstracts of title, incurred or paid a1 ~
eny time by sa~d MORiGAGfE, because or in ~he evem of the failure on ~he part of the said MORiGAGOR fo duly, promptly ~~d fully perfam, d~schar~, _
e~ecu~e, effect, complere, compty w~rh and abde by each and evary the st~pv~a~~ons, agreementa, condit~ons, •nd covenann of s~~d promitsory nWe ~nd thia
mortgaqe d~1~t Of C~1F1C/, end sa.d costa, charges and expensea, each and eve~y, thall be immadiately due and payabte; whether w ~ot ther~ ~ notiu da
mand, attempt Io collect a s~it pend~ng; and the lull amount oF each snd e~ery such payment ahall bea~ inte~ett from ~he dats thereot until paid ~1 the
r.~te of nlnr }>er crr.:.,m Ner an:~~m: a~u1 aU sa~d ccs:s, charars and exEwnsts i~curred a paid, together w~~h such interest, ~hall ba setured by 1M lien of ihia
mort9sye.
6. That (a) in the eve~~ of any breach of this Mo+tgage or defavlt on ths part of the MORTGAGOR, a(b) in the event any of said sums of mo~wy
h-rein reFerred to be rto~ promprty ar.d fully paid within th~rty ~30) days ~ex~ airer the sa~~e sevcraHy become due and payable, without demsnd or notit~,
er ;c) in thr event each and every ri+e stipu:ationa, agreements, cond~tions and co+enants of aa.d promiswry oote and th~s mortgsqe any a either ~rt nol
i~Iy, prompdy and fully performed, ds:harged, executed, e~}ecred, complerod, compGcd wiih snd ab~ded Sy, then in either a any tuch eveM tM Nid ap~
gr~ate sum memioned in sa~d pro+nissory note thrn remaining unpaid, with int~rett aarued, and all mcneys secured hereby, sMll become dW and pay~
ee e iorthwith, or ~herca?~c~, at ihe op+~on of sa.d MORTGAGEE, as fully and complerely as if atl 01 ~hc se~d sum• ot money were originally st~put~ted
Tu be pa.d on such day, any~h~ng in sa d prom~ssory note o~ in ihis Mortgage to the con!rary noi~~thstand:ng; and thereupon or therea~ter at the option of
se~d MORTGAGEE, •..~theut nos~ce o+ demand, suit at ~aw ot in eq~ity, the~efore or thereafter beg~n, may be prosetuted as if ~II moneys secured hereby
nad maWrtd pr~ot to ds inttituhoe.
7. That in the ever,~ that at the beginn:ng of w a! a~y time pending eny suit upon thia Mortgage, or to forectose if, or fo reform it, or t0 enforq
paymeM of any claims hr~evrxfrr, said MORTGAGEE ahall apply to the Court having ~u:nd~ction thereof (or the appointment of a Receiver, such Cour1 s!?~II
fo~fhwirh appoim a rece~+~r of sa~d mortgaged property ail and s~ngu,sr, incl~d.ng att and •~ngular the income, profits, issves and reveoues from whatevp
source derived, each end every of wh.ch, it be~ng express~y undrn~ood, is F.ereby mortgaged es if spet~fically k1 forth and dew~bed io the g~antinq and
habendvm c!avaes hereof, ar.d svch Rece:rer shaY Aave all tix br;~d and effecti~e fv~xoons and powers in anyw~se entrusted by • Court to a Reteiver, ~nd
s_ch appointr.~e~~! :h.i1 hr made bv wch Court as an admitted equity and a mener of abwlute r.ght to said MORTGAGEE, a~d witFaut re(erence to th~
edequaq w inadrq.,acy of tha vai~e of the property matgaged or to the savency w~nso~vency ol aaid MORiGAGOR or tht deitndaros, snd thal tuth
rems, prof{ts, ~nccxr.e, iswe~ and reven~es ahall be appi~ed by such Receiver accord~ng to the iien or equity of said MORTGAGEF and the prattiu of sueh
Court. '
8. To d,r'y. Fremet!y and f~;ly perfo•m, d:scharge, execufe, effect, complete, compiy w~th and abide by each and e~ery the stipulationa, agreemenl~,
c:n~;tions and cor~~r:ante ~n se~d premsso~~ nore ~:~d ens m;,rfgage set fath. ~
9. That in the event the ownershlp of the mortgaged prert~;ses, or any part thereof, becomes veated in a person other the~ 1Fx MORTGAGOR, 1FK
'.'~RTGAGEE, ~~s s~co•sscrs and assgns, may, w:~hotit norrce to the MORTG~IOR, deal with such wccessor or successw in eMCrest with relerence to this ~
c•Tgaye and ~~e d~ o~ %,~reby sec~red in rhe same rianner as with Mortgagor w~tfiout in any way vihating or d~xharging the Mortgagors' liabil~ty hsrr
v der or uEwn the deor hr.eby sec~red. No saie of the Fremises 6ereby rnortgaged end no fo~bearsace on the pan of the fAORTGAGEE a iti suteessws =
o~ as~~9ns and nu e,~~ens~on of fhe time for the paymem of the deb? hereby ~ecured q~ven by the H10RTGAGEE or its avccessors w auigos, ~hall opewb
ro re~ease, d:scha:ge, mod~fy cha~ge or af(ec~ the o:ig~na! Siau~l:ry of the MORTGAGOR herein, eithe~ in whole or in part.
10. It ~s spec:tica;ty ~gree~ rhat t~me is o{ the essence of th~s conuact and thaf no waiver o( any obligatio~ hereunder or of ths oblipation se-
cured he~eby sha`: as any tE:ne thereaiter be held to be a waiver o1 the terms hereof or o1 the instrumtnt seturtd herby.
~ I1. IR a:~d.f•o~~ +o ih~ forege'ne3 m.o~thly paymenrs of pri~c'pnl and interest requ~red by the promiswry nae secured hereby, mortgagor tovenanta
d ag!ees to pay !e n c-!ga3er n~th each ,~pnrh~r pa~~:~ent an add~~iortal sum estir.~ated by mortgayee to be eq~al to 1,%12 of the annual cost of the fol4ow-
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A-AI; reat ~:ro;>e~rty e~x.>s ie:~_~d or assesseo ag~i•:it fhc atrove desa~Sed real cstate. ~
s •
B-- Prc•,:~,: : s on fira ar.o w~r.ds!o:m rr.svrarce as he:e~n req~;red to be carned cn ~he improveme~ts s~tuate on the above destribed premises.
~ C-P.e:~~~.,~~ a on svch ~rcr~~age guaranr~ ~rsu~a~.ce as mo~rgagee shail fra-n time to time deem fit to carry on the loan sec~red hereby.
4':o.!g~gee s~.,;l f~:vn ne Io r;~:,e no!if~ mo•tyager ,n wrir,ng o( the amoum dve and payaWe hereunder snd wch sum shall thereupon be due snd
; a;ab!e on rfie u~e dare cf ~F~~ r.~¦r monthiy p;~:~,e~~t and each successive month thereafter urail mortgagee shall no~:fy mortgagor of a chanye in such
~ o~nt. Such sa ^s v 3: ix ar~.:~-d i,y mcr.gag^e ~cv.ard tne payment of rea~ property taxes, insura~ce prem;ums, a+x! mottgage guaranty insurance
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,^~e•r.:ums.
k IN YJITlJE55 LYHfkEOf, rne sa~d h'.ORTGAGOR has hereunto stt h~s hand and seal the day and y r(irst afo*essid.
I Signed, Seated and de~ivered in the p~esence of:
p ~ c
- 4 •n
; _ na H . l.ow ; ~
` - - ~L ~ q
~ Yor a G. Lowe ~
q -
! '
S SiATF OF fIORIDA
~ St . Luc ie u•
COUNTY OF 1
s
~ Before me pe~sora!!y aF~a~ed Raymonc~ (,pWQ
,
~ _ Yorma G. Lowe his wiie, to me well known a~d k~ a n+e +o b.
~ fhe individuals descr:bed in ar,d who executed the foregoiny instrument, and acknowledged before me that they executed the ~~~pa;fQj~ tfi~ pYrpoNs
g ;her.in expressed. And the sai Norma G. I.OWf n r° •
~ . . , ,
e
~~r~ of rt,e sa~d - Raymon~ M, Lowe
y . - = i+c1~=i'.ieQ~ .{~_~rtrn~
e,~ammation by me takrn r_parate and apart from her said husband, stkrawledged to and before me that aM exetulad ~ij6~iq~t ~'.I~rv'p1Yn~
' ranly and w~thw,t any comp~~;sion, constraint, appre n~ o~; fear of or from her said sba • 1~
=~:.v.:,_,- ~ ~ ~
WITNESS my hand and offiuat seal th;s__ 1L day of Q, jS/'~,.~_
_ ~ ~ . `
otsry blic i~ and for the Si~i4~oi, '
- My Commasan expires: ~~~ld o~ ' L'
Retum 70: r~ ~ ~
First Federsl Savings b laan Assoclat~on ~.~2 t01L~r.a~ien k~~1~
: Qf iorf P.c..~~ ~ca: n~ A:.~i..~n ii~ A(:ata~?
s fort P~r•cc. FlarJa
~ Vl
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3 This Instrument Prepared By~nald E. Nurhes ~ :
~ First Federal Savings & loan Association ' :
~ of Fo~t Pierce, Florida fILEO ANt ~ECOil0E0
~ si. wc,f ~ouNtr F~~?. 346'718 ~
~ Checked Sy ROCcA rO~TR~S ~~L~ ~
= CLERK Ct~.~U~~ COURt
y Rf.CORt1 ~F~ ~~ED
' , , p~T ~ t I ~x AH'~6 : ~h ~
~ _~~'l~ DAC[ (7.JL '