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3. To pl~c~ and cont~nuously ka~p on th~ bu~!din9f now a Mre~it~r i~tu~t~ oe~ s~id land ~nd on ~11 eq~ipn+ent ~nd p~.wnally co~..d by thi~ ma~
p~, with •It premiums ihrreon pa:d ~n full, I~~e insuranc~ I~ the v~v~l ~lendud polit~ form, in ~~um ~pprov~d by 1Fw NWRTGAGEE, and wind~to~m
Fn~wsncs i~ ehs vsus! s`a.~srla~d p~!:<y twsn, in e ium appro~rsd by ehe Ali,?RiGAGfE, frt ~vch ca+nps~y ot cw~+p+~ks a the MORTGAGEE ~n+y
dinttt ~nd all fir~ and w~nds~orm in~uranc~ poticies on ~ny o( wid build~nps ~ny inqrtil ~henin w part IMr~ot, in th~ appre9a~~ wm ~fpnaid or
In ~ac~u ther~of, sMli contain fhe vi~al ir~~dud morr~ays~ clauia a such o~hN cl~uH as 1M Mo.type~ m~y rpuu~, m~kinp the loss v~ said po1F
ciq, each ~nd every. paYabk to ss+d !MORTGAGEE ss its in~e~e~~ may ~ppea~, a++d ea~h and w~~y ~ucb poliq sMll b~ pro~npdy ~ss.Qned and d~livN~d ~o
any Mld by said MORiGAGEE as further stcu~~ty to ~aid mort9~ge drbt. ~nd, not leu than un (10) dayi in •dv+nc~ of ~M ~:pi~~tio~ of ~ach polity, to d?
IivM to taid MORTGAGEE • renew~l tha~o}, 1o9e~he~ with • rec~ipt (w the prtmium o) suth rsn~wal; ~nd ther~ tMll b~ no f'u~ w windslam inwru+c~
pl~c~d on ~ny of iaid buifdir?ps, ~ny iMerost there~~ or part thHeof, ~nlesi i~ th~ (orm and wi~h IM lou pay~bk sfwts~fd~ and In ti+~ ~wnt any swn
of mon~y becomes peyabl~ under such po1Ky a pol~ci~~ said MORiGAGEE shall hav~ tM option to receive and •pply tM ~a~n~ on ~tcoum oI th~ i~d~bt~d
ness secured her~by or to permit ~a~d MORTGAGORS ~o receiva and use it w any part thereof fcr o~her purposes, wi~hout tha.eb~ waivi~~p w~mpair• ~
iny ~~y equity, lien or right unde~ a by virtw of thia mo:!geget ~~d in ~M •v~nt ~aid MORTGAGORS tMll fa ~ny ~~aw~ 1~A fo kNp tM uid prtmises w '
inwred, w fai! ro deliver promptly a~y of said po~icics ot imuranc~ ~o said MORIGAGEE, w iail promptly lo pay fu~ly any pr~mium thersfor a&? ~ny ;
r~spect f~il 1o periwm, d~icharge, ezecuts, etfect, tomplete, tomply with and ~bid~ by thif tovenant, d•ny parl Mr~of, taid MORTGAGEE rnay p~at~ •nd
paY fw ~uch inwrante a~ny parl thereof withoul waivin9 w aftecting any oprion. Ikn, equiry. w right vnder a by virtw o( this Mwt~ap~, and the i
full amouro of each and ~wry such paymsnf ~hall be immedi~~aly dus aRd payabl~ ~nd shall ba~r ime?es1 from tM dat~ fF~eof vntil paid ~t th~ rah o!
nins per centvm psr annum and to~efhcr with such interosr shall be fecured by th~ li~n of Ihis mOrip~ye.
i
1. To permit, commit ot suffer no waste, imp~irmem w deter'ar~tion of said property or ~ny pa?t tF?erwf. !
5. To p~y •!1 s~d sinyulsr the costs, cha.pes and expenses, includinp • reaaonabls ~nw~?ey's fe~ and costi of ~bstracts of titls, incwr~d or paid at ~
eny time by wid MORTGAGEF, because or in the •vent of tM iailure on tM pa.~ of tM s~id MORTGAGOR to duly, promptly and fully p~rform dwchar~ ~
e¦ecut~. eiFect, complete. comply w~th a~d ~b;de by exh and every the stipula~~ona, e9reements, cond~tions, and cov~~ants o( said promissory rat~ ~nd fht~ i
mwfgps any w either, and ss~d coats, cha~ges and e:penses. each and avery. sMll b~ immedi~tetr due ~nd payabl~: whetF+er w not tl»re bt notip dr
mand, attempl to collect a tuit pcnd~ngs ~rtd the full ~mount of each and eve.y svch payment ~hall bea~ in~erest irom tM dats tMreof ~ntit p~id N Mt i
rate of nine per centum ~xr annum; and all sa~d catts, chsryes ~nd expenses incwred or paid, toflether wAh suth intereil, ~ha{I b~ sKUr~d by tM IiM of ihif
mat9apa
6. That (a) in 1h~ ~vent of a~y kxexh of this Mortgs~e o~ default on the part of ths MORTGAGOR, a(b) in 1M ~va~?t any of s+id svms of morKy i
he~ein refer~ed to bs not prompNy a++d fully paid wirhin ahirry (3p) dsy~ next aite? the sams s~vera~ly become dw ~nd p~yablt, without d~mand o? ~otke, [
or in the event eech and every the stipvlations, aoreemenb, conditions and covcn~nts of sa~d-womiuay note and th:s mortgag~ any a ~ithe? ~n na
iuty. prompNy and Iully periormed, d:uharyed, executed. ~ifccted, comoleted. complied with and a6ided bv. thee~ in eitha w~nv such tvtM !iw said aa
gregate sum rtuMioned in said promissoty note then remsining unpaid, with interest ~ccrued, and a~l money~ secured her~by, sh~ll betom~ dw and p~y~
able forthwith, a thereaffer, at the opr~en of ssid MORTGAGEE, ~s (ully ard completely as if all of the said sums of mooty w~~e api~ally stipulated
to tx pald on such day, anyihiny m sa:d prom~sso~y note w in this Mortgage to the tontrary notwithst~ndinp; snd ~hsrwpon w there~ftM ~t tM option of
said MORTGAGEE, wirhovt not~ce w demand, tuit ~t law or in squity, tFKrefore or thereatter begun, may be prosecuted ~s if all moneys setvr~d Mt~by
hed matured prror to +ts inatitution.
7. TMt in Ihs event that at tF~e beginn;ng of or at sny time pending any suit upon this Mo.tg~ye, w ro fo.edo,. tr, or to reform it, or ro enfwa
payment of any claims F+ere~nder, said MORTGAGfE shall eppfy ro the Court haviny jurisdKiion thereol fw tht ~ppointma?t of e Receive~, s~cl+ ~owf sMll
Forthwirh appoiM a receiver of said mortgaged property all and singular, includ~ng all and singulsr tM incorn~, profib, isswi and ~w~~s fiom whN~vK
wurce derived, each and evcry of wh~ch, it beirq expres~ly undcrs~ood, is hereby mortyeged af il ~p~cifiwlly sH falh snd deraibed in th~ yr~ntinp and
habsndum clauses Mreof, and such Rcceiver shall Mve ali the broad •nd effective funct~ons and powers i~ ~ny~ivise ~ntrust~d by a Courf to • Receive~, and
svch appointmenf shatl be made by such Courf as an admitted equity and a matter of absolute right to taid MORTGAGEE. and witlw~t r~fsre~ct to tht
adequacy or inadequacy of the value of the proper~y m«tgaged or to the soivency or ~nsolvcncy ot said MORTGAGOR or the defendann, and that such
rent~, profiri, iruome, issues and revenues shall be epp{ied by such Rece~ver according ~o the ~ien w pvity of said N10RTGAGEE and the prattice of such
CouA. ~
8. To duty, promptlytiand fully periorm, dis:harge, execute, effecf, compiete, comply with snd abids by ~ach and ~very tM st~putation, ~re~m~nts,
conditiona and covenents m sa~d prem~ssory note and this mortgage set fw~h.
9. That in the event the ownership of fhe mortgaytd premises, w any part thereof, betomes vested in a person othes than ihe MORTGAGOR, th~
MORTGAGEE, its s~ccessors a~d sssgm, may, without no~ice to the MORTGAOR, deal with such succeasor p sucussor in interest with reter~nce to this
mo~tgsge and tFx debt hereby aecvred in the sama mx~ner as wilh Mortgaga without in •ny way vitiatinp w diKharpin~ ths Mort~~gws' liabiliry htr?
~nder a upon the debt he.eby secured. No sale of the premises ?~ereby mortyayed u+d no fortxarante on tht wrt oi tM MORTGAGEE w its watssort
er assig~s and no exeension of the r~me la tM Faymsnt of the debt hereby secured yiven by ihe MORTGAGEE o? its succ~ssws a ~aaeyro, ahall op~r~t~
ro release, d~scharge, mod~iy chanys w, effect the wiyinal liabiliry of the MORTGAGOR herein, tithtr in whol~ w in put.
10. It is speuf~cally agrecd ~hat fime is of ehe essence of this contract s~d that no wairer of arhr obli~ation hereunder a of tM obllpation s~-
cvred hereby shall at any time thereaher be held to be a waivcr of 1he termt F+ereof p of the instrument secwed htrby.
I 1. In add~t~o~ fo the forego ng monih!y payments of pr;nCpat and interes~ req~ered by the prom~uory nole secured hereby, morf~~gor tov~nanq
and agrees to pay to morrgagee w~th eath momhly payrnent an add~rio~sl s~m esnmated by mortya4ee to be equal to 1 f!2 of th~ annual cosf of the follow-
~ng:
A-Atl ~eal property taan lev~ed or assss~d aga~nst the above dexribed resl estate.
B-Prem~ums on f~re and windstwm insurar.ce as herein requ~red to be carried on the improverne~y situate on the above desuibed premises.
C-Prem~um: on svch mortgage yua~anty ir.sura..ce as mortgayee shall from t~me to tirr~e deem fit to cury on th~ loan secured hereby.
Mortgagee shail trom rime +o time no~ify mortgagor in writing of the amount d~e and psyable hereunder snd such wm shall thereupon be dw and
c ayab~e on the d~e da!e of ~he next momhty payment and each successive momh thereafter unrit mortgsgee shall notify mortqagpr of ~ chan~ in suth
~ a~,ount. Such sums shall be appiied by mwtgeger toward the payment of real property taaes, iruurance prem:ums, ~nd morl~sy~ yu oty inwru~t~
~ premiums_ .
~ IN ~~ITNESS WHER the sard MORTGr1GOR has hereunto set hi~ hand and seal the day and yesr fi t af
; gned.3sa an deJiv in t resence of:
~
I • ~
i Rein Carles s a R. les
i ~
~ _ Eausa N. Carles
~
~ STATE Of FLORIDA 1
4 St. Lucie t ~
; coutin oF i
~ ser,.Q,M ~..o~,.uy ~ppesred Reinaldo M. Carles a/k/a R. Cs=les
and
€ Emaa N. C a Z 1@ S his wife, to ms well known and
r known p n»,1p, b~
~ rhe indiv~dwls described in and who executed the fweyoir~y instrument, and a~p~ 1~ before me that th~y txecvted tM sarqs•:fgrtlMit.~rrppq~
s rherein expressad. Md the said ~na N• C8 Z_'"'" r~ ~ ~
; ~ife or r?,~ ~~a Re ina l do M. Car es a/k/a R Carles i + ~
x , upan a s~p~r~ar,d•
examinni.~n by me t~ke~ separate ar.d apart from her said husb~nd, xknowl e d y e d to •nd befwe me th~t she ~x e W t e
d s a i d i ~ s
t t y
r~ M
f ~
Q a n d
AM O -
rarily ard without •ny compulsion, constraint, apprehena~on, w fear of or from htr said busbsnd. i
< WITNE55 my hand and offic;al seel thi• d~y of Se te~ber _ ~~19 76'.~ =
s . r. "'"'i., `
4 / /7 . i~.. -
Z
F ~ Notary P ' -srid fw the Stat~ of FbiiAa +
,~;~5~~:.
~ My Commission txpires:
. Return To: . ~ - . . - . _ _ . . _ . _ ~
f firsf Federat Savings 3 Loa~ Associat~on ~ t9r9 ~
Of Fort P~erce. 6_' ~ . • - - - - • - - .~_•Y~~`c L0. ~
For~ Vierce, florida
` 34f'~ly ~ -
~ This Insfr~ment Prepared ByJ, Hal Roberts, Jr.
` First Federal Savin s b loan Association ~
~ of Fo
t Pierce , Florida ` p~~ ~ K~i+~~~~~~ ~
x . . ~I~GI~ 69 M ~
s y ~06 i iOt~Il~~~.~~K~.x~'"'
Checked B y~~q~, ~,t3;;U~ ~ 1?ltt
~ (1 F C K ~fGC!;n yEP. ~!ED
~ ao~K 2a8 f~~GE 83~~ ? .
. t, p~~ ~ II~T~M ~6~ :~ti
~ r~-