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J. To piace •nd cont]n~outily keep on the bu~'J~~:gs now o? h~r~~it~r ~i?wte on ~sid land ~~d on all eq~~p~neM ~nd p~rso~~:ly cow~~d by ~hi~ mo~t9-
p~. wi~h ~il pr~m~v~n~ ~he~eon pa.d ~n full, Lr~ ~m~r~-,co .o ih~ wwl •eer,Jsrd po?c/ fwm, in • s~m •~,prwad b~ ~M MORiGAGEE. •nd w~~d??am
inwranc~ in tM utwl u~~J~~d po~.cy fpm, in • tum ~ppro+cd Ly ~I+~ MORIGAGEE, in tuth comp~ny w tomp~ni~~ ~t IM MORIGAGEE rnay
dnKlJ ~od ~11 fi.~ ~nd w~nd~~orm in~,,:a~ce poi~ue~ on •ny of sa~d bui~d,np~. any ine~r~i~ thercln or p~~~ ~he.eol, in ~M ~~~ey~r~ wm da~u~d w
in ~at~a thereoi, shall conrain d» viwl stendad ma~g~pe~ cleutie a such otMr d~~s~ at tM Ma~p~pN mq rsq~~n, ma?irq ~M loa under •~~d poli~ .
tiN. Nth ~nd •ve~y. paYabt~ to uid MORTGAGEE •f ~tt iroer¢st m~y ~ppe~~. ~nd e~ch and •very futh poi~cy ~fi~11 bt promp?ly •u y~~d a~+d d~tiveted to
~ny Mld by s~~d MORfGAGfE iu~~her ucvr~ty ~o i~~d ~no~~g~ge debt, •nd, no~ leu than ~M (10) days in ~dv~nce o~ tM •apir~t~on ol e~ch pol~cy, /o dr
I~v.. ro sa~d MORTGAGit ~ re.~rw~~ ~iw~evi. iuy~~i~w w:iu • Icw~yi ~w ii~c y+~.~.:w~. v~ ~v~i. :a~~rv.e:, ~:~.i ~i.c~o ~i..:i -c;. ! cc . . ..-.a...:::c
pl~c~d on ~ny of wid build7ngs, aey inlereN thsrt~n a pa~~ ~hs~eof, unless in iiw form and w~fh ~M loss p~ysbl~ a~ ~tor~~~~d; ~nd in•IM wsnt •ny fum
o! monty becorn~a pay~ble unda wch poUty w pol~ues s~id MORTGAGEf s~all hav~ tFw opt~on to retri~e a~d •pFty 1he s~me on accovnt o~ Ihe indebted~
nfs! fKYTf(I M~dbY OI ro permif sa•d MORiGAGORS ~o rKeivo and ut~ it Or •ny part thrreof for oti~er F:urNO~ri. w~tho~t ~h-..o~ wo~v~ng er ~n:pai~• '
inp ~ny pu~ty, I~ee~ or ~~ght urxler a by rirtw of th~s mors9age; u+d in tM •vent sa~d MORTGAGORS sfiall iw any re+son f~il to keep ~he t~~d pemite~ w
insured, o~ }~i) lo del~ver prpnptly •ny of said polKies of ~nsu~~nt~ lo sa~d MORiGAGEE, o~ (a~t p~omprly to pay fu11y ~ny prc~nwm therelW w in ~ny '
reapea f~il w per(am, d~sch~~ge, exzcute, effec~, comple~e, comply wi~A and ~bide by th~s cove•un~, a~ny pa~~ hsreoi, s~~d MURiGAGEE may p~~ce a.,d ~
paY for sutb iniurence a•ny part ?hereo} w~thoul walvinq a~fiec~iny ~ny op~ion. lien, equity, w ngAt u~der a by Jiirue of thi~ Mor~flape, and tht
full amouro of each and eve~y wch payn+ent sMl1 bo ~mmedi~tely dw and payabte snd ih~Il bear imero~~ f~om the da~e thereoi until pa~d al th~ rs~~ ol 1' •
nine per ceotum ptr annum and ~o~ethrr with suth inter~st sheli be secu~cd by IM lien ol tAi~ mwtq~ge. ~
i. T6 ~~nlii, (Gpi~uil W fu1~e~ np w~~ll. utlyii(f~~ili CN detr~i6Niiw~ O~ iiiif ~ituyaliy W i~iy Vi11 itlr(e~~. ~t ~
5. To p~y afl and ~inputa tM cous, charqes ~nd expenses, ~ncludir,y a.e~wnabte a~+wney'~ fee and cos~s of abstrxts of tid~, incurred w psid sf
eny lime by s~~d MORiGAG'.E, bec+w~ or i~ ~he e~e~t of ~Ae (adure on ~hs part ol ~M said MORIGAGOR to duly, prompuy ~nd (ully perlorm, d~uhar9t.
execute, effec~, comptet~. comply w~~h and ~b;de by each and every the s~~pulat~ons. preemcnfs. ca+dfiiau. ~nd coven~nt~ o( u~d prom~swry note ar+d ~hi~
morr9p~ any a eiehe~, and sa;d cosn, charges and eaFvnses. each and ~very, shall bs immed~~tely dw and payabte; whe~her a~+ot ther~ bs no+ic~ dr
mand, atlempt to coilep a fuit pe~+d~~g; u+d ~he (uIl amount of cath •nd every such payrtKnt iMll be~r in~erssl trom the d~t~ thereof until paid ~1 tht
raie of nine pe~ crntvm yar an~wm; and a8 s~:d cw~s. cM~gca and ea;xr:ses intvned or pa~d. ~oflether w~th tuch intere~t, sMll b~ secured by ths lier+ of Ihn
mort9~~.
6. That in the evem of ~ny bre+ch of ~hii Matga9e w deiault on tl~e pa.f of ~he MORTGAGOR, w;b) en th~ ere~t any oi sstd ~ums of moe~ey
herein refened ~o be not p~omp~:y and (ully paid w~~h~n th~rty (30) days nex~ afee. the ssme sevcrafty become dw and payabla. wi~hou~ demand w no~ice.
a~ (c) in tM ev~M e~th ~nd ~ve?y the Uiputations, a9reemenft, conditia~s and covenanb o1 aa~d promi~w~y note end th~s mort9aye ~ny p ei?her ~re nof
iuty, promptly and fuUy perfo~med, d~xhar9ed, eaecuted. e{fected. comple~ed, compl~ed with and ab~ded Sy. ~Aen in e~ther or •ny tuch ~v~m tM sud ag
gregate twn memioned in ss~d prom~ssory note ~hcn rems~n~ng unpa~d, with intcreit acu~ed, and atl moneys securcd hereby, ~hall becoms dw and pay-
•ble fonhwith, o~ rhereafter, ~t the opt~on ot s~+d MORiGAGEE, as fu:ly and comple~ety as il •tl oi the sa~d sums of money were wq~n~lly ~t~put~tcd
to be pa~d on such day. anyehirg in sa.d pro,n:sswy no~e a in this M«tga9e ~o the conrrary no~wi+h~iand~ng; and ~herevpon a thereafte~ ~t rM opnon of
~e~d MORTGAGEE, w~rhout nor,ce w demand, su~t a~ t~w or in ~quu~, tF~erefws a thercaS~er begun, may be prosccuted as if ~11 moneys sacured he~eby
had maWted pnw to ~U ~nihWrion.
7. That in ths evenr ~hat at the beyi~n~og o(.or ~t any r~me peod~ng any su~t vpon th~s Mo.tgsge, o. to fweclose if, w to rotwm it, o~ to enforn
payrrKM o1 ~ny cla~ms heroundar, ssid MORTGAGEE•shsll apply to the Coun hav~ng ~uriul~ct~on thereof (o~ the sppointmenl of • RKeiver, t~th CouA fhaH
forehwith appoint • receiver of said mw~gaged property eU aod ~in~utar, includ•ng a~l and angu~ar the income, profiq, isfues snd revenue~ from whatevcr
wurce derired, e~ch and ~very of wh:ch, ~t be~ny eapressty understood, it hereby mortgaged ~s i1 spec~ficaHy sst (a~h ~nd dewibed in the grantin~ and
habe.+dum ct~v~e~ hereof, and such Rece~ve? sha~l have all the b?oad and efiec~~ve /unc~~ons and powers in a~yw~u enuusted by a Court to • Recei~er, a~d
tuch eppointment shall be made by such Cou~t as a~ admitted equ~ty and a ma+te? ol sb~olute right to taid MORtGAGEE, and withovt reference to 1he
adequxy a inadequacy of tha val~e of the property mo.tgaged or to +he so~~e~cy w:osolvency oi sa~d MORiGAGOR w the delendanrs, and thet iuch
renrs, profits, income, issucs and revenues shatl be appt~ed by such Rece~ver accwd~ng to the lien or equity oi sa~d MORTGAGEE and ~he pr~cuce of tuch
CouA.
8. To duly, promptly and (ufly perform, d~uharge, execute, cffec~, compiete, compty wi~h and sb~de by each and every the st~pulationi, ~g.eemcnt~,
conditioro and covenan~s m sud prom~ssory note end th~s morrgage ser for~h.
9_ That in the event the ownenhip of the mortgaged premises, w any part ~hercof, becomes vested in a penon o~her than the MORIGAGOR, Ih~
MORTGAGEE, its auccessors and au~gns, m~y, wi~hov~ no~ice to the MORTGAOR. deat w~th s~ch successw a successor in interest with ~eference to this
mo~tgage and the debt hereby secur~ in the samr mannCr as w~sh Mo.t~ago. w~thout in any way vit~atiny or d~xhargi~y the Moregsgori liability hertr
under o~ upon the deb~ hereby secu~ed. No saie oi the FreR~~ses hereby mo~tgaged ~nd ew lorbearonce o~ the par~ of the MORiGAGEE w ifs auccesso~s
or as~~gm and no carens~u+ of the time fw ihe payment of the debt he.eby secured giaen by ~he MORIGAGEE or its successor• or ~ss~gns, ahall op~rat~
to rdeax, d~uMrge, modify ch~nge o? affect the orig~nal ii~c:6t~ of the AM1ORTGAGOR here~n, either in whole a in part.
10. It is spec~fically agreed ihat fime is o( the esxnce of ~his confract and that no waiver of any obt;ganon hereurdet p ot the obliyation ir
c~red hereby sMt~ at any ~ime thertaftat be hefd to be a w~iver of the terms hcreof w of the in~irvmem secured herby.
11. In sdd~tion +o the (orego".~g month!y payments of p:inc pa1 •nd in~e.ett requ~red by the prom~sscry no~e securod hereb~, mortflegor covenants
end ~grees to pay to mwtgagee v.~~h each moo~hly ~,ayrntnt an adduiort~l sum est~mated"by rtqrfgsgee ta be equal to 1~ 12 of the annual cosl of the follow-
ing: T
A-All real property taxes lev~ed a auessrd agai-,st the atove des~criped real es~ate.
B-Prem~ums on fhe and wir.dsrorm ~r.svrarce as he:e:n reau;red to be ca.r~.~ en the ~mproveme~ts s~tuate on the above dexribed premises.
C-Premiums on svch mortgage gvaranty insuraace as mortgagee shall from t[me to hme deem tit to urry on the loan sOCUred hereby.
Mortgagee sha!I f.om tune to u~~e nor~ly mor~gagx ~n wr]t~ng of the amount due and payable hereunde? and such sum sha0 ~hereupon be due •nd
~ayabte on the duc date of rhe next mon~hiy payrt.e~t and each auccessive month thereafter ur.~il morfgsgee shall notify mongagor ol a change in s~ch
eT:o~nt. Such sums sha:i bt appiied by mo~tgagee toward the paymtm oi resl property tsxes, insurante prem.ums, ,end mortgage guaranty insurance
p~emivms. -
I IN WITNE55 YlHEREOF, the said MORTGAGpR Ms hcreunto ut his hand and sesi the dey and ye~r fir t~fwesaid.
; 5' . S~akd ~nd delivered i~ the prcunce oi: ~
I ~„fb At~G~~y~~,~. • n ~
sL{K`1~. .T~iAS ~ St6 aSS un~~~r~,,
I _ d- ~XG S7~ ~a~~.~.?~~ ouat T R-•o
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I ' . a ~ - 1!ft,AOY~- Doroth B . • ~ .D
STATE OF FLORIDA I~ I1 ~ ~ r 'C' • ~ ~ r • - -
St . Luc ie ~ ~ ~ 4 . ~ ~ -
COUNTY OF ~ ~ ~ U '
~ p ~ > =
1: Q
I Befwe me perwnally appeared C he s t e r B a S 9 ~V' . Z rT ~
I Dozothy Bass • r' .
the ind7vidu~ts desu~bed in ~nd who executed the for a instrw~xnt, and acknowi his wife, to me well knd~o' :D b~
ey rg edged beiwe me that they execufed t}~r~~~~1~,~kPd~e~
I rhere~n expressed. e.nd rhe uid- DOZOtt1Y BSSS -~~~~RIt11~~~~
I wi(~ of tF~ said ChQStf r Bas: upon a sep~rate ~nd privat~
examination by me taken separate and apart from her said i?usband, ~cknowlcdged to ~nd before rn~ that the exetuted said instrumeM f~eely and volurr '
~ ranly ~nd wnhout •ny computs'an, constraint, appre s~on, or iear of o~ from F?er said band. ~
I, WITNESS my Mnd ~nd o((iu~l seal th~~ ' day of ~<<--' A Ds 19
~ r ~ •c _ - -
` Not~ry Publit in and ( the 51ate of Florida ~f I.upt
~ My Commi»ion expires:
Return To:
i Firit Federd Savir~y~ 3 toan Associatwn
O( Fort P~erce. . ~ a~ -
fwt Pierce, Floride d~~ ~ t,~{p
~ Esp~ IyA1 1~,19?7
~Miiri 1~ Or~a/ iis~w ~f
This lnstrument Prepared By Carol B. Burns
First Federal Savings 8 loan Association
of Fort Pierce
Checked By
~ 3~7
:
. • ~ pls ~