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Home My WebLink About0553 3. To piac~ and continuo~siy keep on ir» buiid~np~ now w i+ere~it~r 1iiv~ie or' f~id i~ri~ inti t~ aii eqv~y~strct ard ~Srw-ns:iy ca:s:cd bY irs =':~Y3- sy~, with ~II pr~miums therea~ paid io full, hn insur~nce in ~h~ u~wl tundud po6cy fo~m, in • ~um ap~xo~ad by Ih~ MORiGAGEf, and w~~ds+wm inswsnc~ in tM wwl it~nda~d pot~cy fam, lo •~um ~pprovtd by tM MORiGAGEE, i~ tuch company o~ twnp~n~fi u t1y MORTGAGEE may dinctt ~~d all fin ~nd wlnds~orm ins~rana poticies on any of uid build,nps. •ny inte~esl tM~ein o~ pa~~ ~Mreoi, in tM a9grc9~M wm aiaeu~d w In ~xtris therwf, ~MII con~ain ihs uswl ifandard mor~qa9N c1auN a sucl~ otM~ claui~ N 11w Mor~yaye~ m~y requ~~~. m~kinp ir» lo» u~Ja s~~d yot~ ciss, ~ach and evay, payabl~ ro said MORTGAGEE a its mttreN m~y ~pp~, ~++d e~ch ~nd every wch po~~cy ~hall i~ prompHy ~ts 9~cd a~d deli~ered ~o ~ny Mld by Hid MORfGAGEf ~s further security to s~id mw~yay~ debt. ~nd, not Isa tha~ ten (10) d~rs in ~dvanca of tM •~piral~on o1 e~c1~ pol~cy. to d~- tiv~~ ro~id MORIGAGEE a renewal thereof, lopethtr wi?h • rets~pl fw the premium ol such renewal; +nd ~hero thall b~ oo Gre o~ wi~xi~torm iniurenc• pl~ad on ~~y of ti~d buildinp~, sny interest thereio ot parl rM~eof, unless 1n ~M fo~m ~nd wi~h tM ~oss payeble as e(o~esaid; ~rsd ir+ fhe event +ny sum of mw»y becom~i payabls ~nds~ wch policy o~ polici~s said MORTGAGEE shall haw ~he option to receivo and spply tM wme a+ accoun~ of rhe inJrbied~ neu ietur~d I~tby w ~o permil ssid MORTGAGORS ro teteive and us~ it w sny part thereol fo~ o~i.cr Hw~,osrs. w~ihout ~hr•.ui ws~vi,+~ .n~po~~• 7ny +v~y pu~ty, lian o< <igh~ ~~der p by vtrtw of ~hii morr~p~j and in tM ~v~nt said MORTC,AGURS ~hatl fa any reason fail to keep iM t~~d p~~mitt~ s^ . insu~ed, w fail to delive~ promptly any of said pol~tief of in~ur~nc~ to said MORTGAGEE, w ~a~~ {uomptly to pay fu:ly •ny prt~~~um thereior o~ ~n a~y ra~pect fal) to pertam, dixharge, eaxuts, ~ifett, complete, comply with and ~bid~ by this covenant, or sny par~ hrreof, said MORiGAGEE may p~ace a~d . pay (w such inwrance w ~ny part thereo~ without w~ivinp or aff~ttinp ~ny option, lien, equity, w right unde~ w by virtue oi th;t Mwtps9e, ~nd the ~ fvil ~mount of each ~nd evNy suth paymMt sMll b~ immediat~ly dw and p~yabl~ aod ~hall be~r interest from Ihe daf~ thereof until paid al 1he rafe ol nins per centum pe~ annum and to~ether with wth intere~? sAall be secu~ed by tM lie~ ot this mwt9a9e. 1. To permit, commit w su(fN ~o waste, knpairm~n~ or detsriwatan of ~aid property or ~ny put ~Ae~eof. S. To pay ell a+d unpulu tM costi, ch+rg~s and expenses, includ~~+p a reasonabl~ atta~ey i fee-aad _coiis of abstracts of t~tls, incurred o~ pacd a~ any time by ~eid MORiGAGEE, becaus~ p in tM fVMI OF ~IfO failUl~ p1 th~ part of IM said MORTGAGOR 1o du~y, prompNy ~nd fuily poriwm, d,scr,.~y.. e:ecvte, eifect, comple~e, comply w~th and ab~de by ~ach ~nd every the st~pula~~ons, ayreements, cond+~iom, ~nd covcnanls of said promiiwry note ar~d ih~s mw~gape any w ei?he~, snd sarcl cosn, chugas and expenses, each and wery, shsll t» immediatefy due and payable; whether w no~ +here be nonce do- mand, att~mpt to co1kN or tvit pendinp; and tM full smouM o( each ~nd erery such payment shall bear interes~ from ~he date the~eof umil paid a~ the rare of nine per centu.m per an~wm; and all said cosls, charges and expenses incurred w paid, Iogether with such inte+est, shall b~ sKUred by the I~M of thil mortpaq~. 6. That (s) in ths eveM of any brauh of this Mort~~ a defa~h on the part of the MORTGAGOR, a(b) in the event any of sa~d sums of money herein refs~rad to bs ~ot promp~ly and (ully p~i~.within thirly (30) deys next after Ihe same severo!:y becwra due snd payabte, without demand w notice. or (c) tn the event each and eve~y the atipulations, yre~me~ts, tanditiar+s and corenants of sa~d promissory note and th~s mortgage any or e~ther are ~ot i~ly, prompUy and fully performed, d~uMrged, executed, e(fec~ed, completed, compiied with and ab~ded by, then in e~ther a any such ewnt the sa~d ag . fl~eg~fa wm meMioned in said promissory nota IF+en remaining unpaid, with inter~sl aurved, and all moneys secured hereby. ~hall betome dw and p+iN able forthwith, a thereafter, at the optior? of ssid MORTGAGEE, si fvlly •nd completely as if all o} the said sums of money were or~gin~lly' it~puiatrd to be pa~d on tvth day, a~ything in sa;d promitsory note or i~ this Mortgage to the contrsry notwithstanding; and thereupon or thcreafter at the op+ion of ~a,d MORTGAGEE, without notice or demand, suit a1 law o~ in equity, the~efae or thereafter begun, may tx prosecuted as if all moneys secured hNeby had matured pnor to ifs inftitulion. 7. That in 1hs event that at the begin~ing of or a~ any time pending any suit upon this Mortgage, a. to fwectose it, a to ~cio.m it, w to enforce payment of any daims hereunder, wid MORTGAGEE shall apply to the Cou~t hsving jur~sd~aton thereof for tAe appomtment,ot's Receiver, tuch Court sha11 fcrthwith ~ppant • receiver o( said mortya9ed property ~II and sin~ular, i~clud~ng all and s~ngular the income, prof~ts, issuei arid reven~,es trom whatever . so~rce derived, each and every of whKh, it beinp expressly underatood, is hereby mortgagcd a~ if spec~fiully set forth and described in the ~aming and habendum dauses he~eof, and s~ch Ret~iver shall have all 1tr_ broad and etfective funct,ons a~d powers in ~nywise enuvstet! by a Court to a Receiver, and ~~ch appointme~t sAatl be mede by sucA Court +a sn admitted equity and s matte+ oi absolute right to said MORTGAG(E, ~nd wi~hovt reference to the adeq~scy a inadequxy oi the value oi the property mortgsqed or fo tlx sotvency or insolve~cy o( said MORTGAGQR w the defendants, and Ihat such ren~a, profita, income, issues and revenues tlwll be applied by such Receirer accord~ng to the t~en w equity of said,MORTGAGEE and the practice of such Court. ' - 8. To duly, promptly and fully pertwm, discharge, execute, effect, mmplete, comply w~rh and abide by each and every the atipulations, sgreements. conditions and covenants m sa~d promissory note and th~s mwtgage ut fwth. 9. Thet in 1he event the ownership of the mwtgayed premixs, a any psrt fhereof, becomes vested in a person other fhan the MORiGAGOR, the h',ORTGAGEE, its successws and aasigns, may, v~irhout notice to the MORTGAOR, deal with such successor a s~ccessor ~n interest wifh refcrence ~o this To~tgage and the debt hereby setured in the same man~er as with Mortgagor without in a~y way vitiating ot d~xharging the Martgagors' liability here- unJer u upon Ihe debf hereby secured. No sate of the premixs hereby mortgaged and no forbearence on +he part of ~hs N1URIGAGEE or its successws o~ assigns and no ex~e~sion of the +ime fw the payment of Ihe debt hrreby securcd yiven by the I~IORTGAGEE or its successors w au;g~s, shail operate +o release, d~uharge, mod~fy change a affect the wiginal liab~lity of the MORTGAGOR heroin, either in whole or in par~. 10. It is specifically agreed thst time is of the essence of this contract snd tMt no waiver of any obl~gatan hereurxler or o( the obtigaYan se- c~red hereby shall at any timc therca(ter be held ro be a waive~ of the termt hereof or of the instrvmem secured herby. 11. In addition to the fprego:ng monfhly payments of princ'pal end interest required by the prom:ssory note secured hereby, matgagor covenants and agrees to f,ay fo mortgagee with each monthiy payn,ent an add~iional sum cst~mated by mortgages to be equal to 1 j 12 of the annua) cost of the follow- ing: A-All reat property uxes levied or assessed againsf the above descri5ed real estate. B-Premiums on f~re ar~d windstorm insurance as berein ~equ:red to 6e carried on the imp~oveme~ts sit~ate o~ the above dsscribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shatl from time ro time deem fit to ca~ry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amount due and payabk hereundrr and such sum shall thcreupon be due and rsyatte on the duc date of ~he ne,et monthiy payment a~d eath successive month thereafter ur.tit mortgagee sF~atl ~otify mortgagor of a change i~ such a~.ount_ Such sums sF.all be app!ied by mo~tgagee ~oward the payment oi real property taxes, insurance prem:ums, and mortgage guaranty insuronce i remiums. ~ IN WITNESS WHEREOf, ti~e said MORTGAGOR has hereunto set his hand and seal the dry and yesr first aforesaid. _ ~,~ned~ Seal deli ~ in the presence of: ~ ~ ~i~i ~ (S~,q ~ Wil i~am li. +~I se ~~n -T, , sea~ a 4 ~ iJ.1.AA _ 1r ~ S e . ~ ~t~--(Se+n ~ SiATE OF FIORIDA . " ~ SS. ' ~ • : . . ~ COUNTY Of 5t. Lucie 1 _ ~ r' ~ - • J : ~ ~+~iilliam H. .~ise ~ Before me perw~ally appesred - i; _ end _ Y3~F. jai cP his wife, to n~ w~l{ kwbwn and known ~o~w1 to bs rhe ind~ridwls dexr~bed in and who eaecuted the fweyoiny instrument, and acknowledged before me that they'~~CncQRd'.r?N fsme for;lhq ~urposes ~h<«,~ ex~.~.~a. n~a said Ma ry F . 1Ai se • ~ ~ • ~ _ ti1i l l i am H. S~ii s e +:~fe of the said ~ ~ ~.por1•f'sepyar~,•ind private ~,am~nation by me tsken separate and apart irom her ssid husband, adcnowledged to and before me tFwt she exetuted said,'initlvoewt f{te~y and v~tun- ra-;iy and without any compulsion, con~traint, apprehension, ot fear of or irom her qid husband. `'j,itil~:ii~~• 9 WITNESS my hand and ofiicial seal this 2nd dsy of Une A_ D. 19 77 f r~ ~ ~ ~ \ ~ _ J ~ Nota P bGc ' end (or f State of Florida af larpe ~ My Comm~ssion expires: ~ Return To: ~ - ~ F~rst Federal Savings 3 loan Associat~on s~it! ~ Of fort P.crce. ~~~y~ EX~K A{iq• s Fort Pierce, Fiwida ~y fY~ ~ Gw~~ ~ ~ ~ This Instrument Prepared By Gdry F. Hllwood ORDE _ F~rst Federal Savings & Loan Association f L[0 AND l~EC Qf ~~r? Q~e~rP S~.LUCIE CONMn Fl ~ Fort Pierce, Florida 33450 ppCEp POtTR~S . ~ _ CIfAR~ ~f EO `~,~~ked By~-~--_--_ BU~K26y ~A~E 551 ~ ~ Jur+ 3 2 5a P 1 ~ L ~ ; ` mp = . .:x::: .~.,s.. . , . . -..-3 . ~ ht. ,.~'4-a«-r~ w .