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To pi~c~ and contin~ously kkp on Ih~ build~nps now w Mr~a(tN ~itu~t~ or t~id I~nd and on all equipmem and personally tovered by Ihi~ mal¢ +y~. witl~ ~II pranivms Ihtreon pa~d in full, firo iniur~nce ~ tM vtwt ~~andud pol~q form, In • ~um approved by the MORTGAGEE. and winds~am ~nsuranu In tM uwal ~~~nd~rd policy (am. in • wm approv~d by ti» MORTGAGEE, in such company w canpan~ef as tht MORTGAGEE may direct~ ~nd atl /k~ aod winibtwm i~iwrurc+~ potici~s on ~oy of ~aid bui~dw+ps, +ny inM~a~ ~Mrei~ or pan ~hc~eot. in ~M a99re9are wm ala~w~d w ~ In ~xpq tFwwf, ~MII canta4? tM uival i~andud mortyspN d~u~ w such o~he~ cl~uw ~s tM Mat~aga~ may requ~r~. maki~?p tF» Iou unda sa~d poli- cies. ~ad~ and ~vKy. pay+bl~ w said MORTGACsEE its in~areit m~y ~pp~ar, and each u~d ~very such pol~cy shall b~ promp~ly ss~.yned and del~vered ~o ~ any held by s~id MORTGAGEE •s iur~her ucuri~y ro uid mo.~ya~. d.b~, and, eo~ t~ss ~han ~s~ (10) d+ys in ~dvance o1 ~h~ ~xpiration of e+ch policy, fo d~ ~ Irv~r to said MORTGAGEE a rMew~l th~rwf, topHFw~ with • ncaipt ior the prem~um oi ivch ronowal; and ~he~e ~hall b~ no f~ro w w~nd~~o~m in~urance plsc~d on ~ny of said buildinp~, ~ny inter~~t ti+K~in w part tMr~of, urdea in H+~ form u?d w~~h ~h. los~ par+bie a~ •fo~es~id; end in the eveni any sum . ~ of monfy becom~s payable u~der auch policy or pol~cih s+id MORTGAGEE shall haw th~ opiion to receive and appty the same on accounl 01 the i~debted- ~ nsu s~twed Fweby or /o pKmit wd MORTGNGORS ro reeeiw and us~ it a any par~ ~hereof for ofhcr purposes, v~~~hout th_reb~ waiv~ng o. ~mpah- iry anY puih. li~n a ripht w?tMr w pp vtrtw of this mort~aqr, ~nd i~ tM ~we+t said MORTGAGORS shall for ~ny ~eason fail ro keep fM aid pra++ises so iniured, p fail to deliva ptomptly any Of ~aid po~itits of inwranu f0 said MORTGAGEE, w fai! ptomptly to pay Iully any pre~nium therefo~ o~ in iny ' respett fail b p~r(am, disch~r9t~ ~;KVIf~ ffffC/, camplets, comply with ~nd ~bide by this corenant, or any parf hereof, iaid MORTGAGEE may place •nd paY fa s~ch i~turenc~ w~ny pu1 thereof witAout w+ivinp or ~ff~ctinp a~Y optio~, lan, equ~ty, a riyht unda a by virtue of this 1No~t9ye. ~nd the full amount of ~ach and ~wry such paym~nl shall be imrnedia~~ly dw and payaWe and shall beu inte~est i~om th~ date ~hereof until paid ~t the rat~ ol nine per c~ntum pa annum and toyether with wch inierest shall b~ securcd by tM litn oi thii mor~paya 1. To pKmlt, oonvrJt a wif~r no wab, Mnpairment a detKaration of iaid prop~rty or any parl thereof. S. To pay all and skgular th~ costs, chupes +~?d exp~nse~, i~cludirg ~ re+sonabl~ attwney i(es +nd costs of abstracts of t~tte, incv~red w paid ar . ~ eny time by iaid MORTGAGEE, b~cws~ or in the ~v~nt o} tM failw~ on tM part of tM s~id MORTGAGOR to duty, promptly ~nd fully perfam, d~xharge, execute, ~ffecl, canpl~q, oomply with and abid~ by e~ch u+d wery ths stip~l~tions agreemenn, cond~tions, ~nd cownants of ia;d promissory note and ~hw matyap~ ~~y p~irhe~, and uid costa, chu~ and expenses. each and every, shalt b~ immediately due and payable: whether w not thcrt be notice ds mand. ~ttempt to colktt w wlt ptndinp~ and the full amouM of ~ach and wery sush p~ymero shall bea. interest from the dai~ thereof until paid ~I the f rare of nine per centum ~a am~um; and all iaid costs, chargei and e:pensei incurred or paid, together w~th svch interesf, tMll b~ tetured by 1F+e lien o( thw ~ morty~. ~ b. That (a) in the ~vent of ~ny br~ach of this Maty+p~ w d~fault on tl+~ part of the MORTGAGOR, w(b) in ths evcnt any of ~a~d sums of money ~ herein nfar~d to bs not p~omptly ~od fvlly p~id within thirty (30) dayf next after 1he same sevcrally bec«m due and payable, withou~ demend a notice, ~ or (c) in fM event exh and every tM stipulations, sgreem~nts, tonditioas and covenants oi ia~d promissory note and th~~ matga~e ~ny or either are not ~ iuiy, prpnptly and fully pMforemd, d~scharyed, ex~tvted, tffected, completed, complied with snd ebided by, then in either a ~~y such ~vent tM said ag pre9at~ swn m~ntio.+sd in said promis?ory not~ tMn rem~ininy ur~paid, with interest ~cuued. and a1! moneys ~ecured her~by, shall beco~nt dw and pay- ~ able fathwitly p lIlltNNN~ at ths option of said MORTGAGEE, as futly a~d compla?ely as if all of the said wms of money were aginally it~pulated ro be paid on such day, anythirg i~ u7d promiuory oote w in tha Morfyage to the comr~ry notwithstandirg; and ti~ereupon o~ the~eafter a~ the op~~on of ~aid MORTGAGEE, without ootite w demand, wif at I~w w in p~ity, theretore or lherealter begun, may be proxcuted u if all monsya secwed hereby had rtNtur~d prwt to in insiitution. i . , 7. That in the event that af the begi~ning of p ~f ~ny time pending ~ny wit upon this Mortgage, or to faeclose N, or to refwm it, w fo enfwce payme++t of any daims hereunder, ssid MORTGAGEE shall apply to the Cou?t Mving jurisd~ction thereof tw the appo~ntment of s Receiver, such Cou~t sF?all forthwith ~ppoinl • nuivK of s~id mort~ged property all and sirgul~r, includ~ng atl and singular ~he intoms, pro(~ts, iswes and revenues from whatever wurc~ daived, each and every of which, it beinp expreuiy undentood, ia hereby mortgaged aa if specifically ut fwth and dewibed io the graMing and habendum dauses hareof, ~nd such Reoeiver thall have all the Moad snd eflective funu~ons and powers in anywise entrusted by a Court to • Receiver, and ~ •uch sppointmer?t shall be made by wth Cowt q~n admitted equity and a ma~ta of absolute rght ro said MORTGAGEE, and witAout reference to the edequacy p in~dequ~cy of the wlui of the properry mor~yaged or to the wtvency w insofvency oi said MORiGAGOR or the dcfendants, and that such renfs, profiq, income, issws and revenws shall b~ epplied br such Receiver xcordmg to the lien o? eqviry of sa7d MORTGAGEE and the practice of such Coun. 8. To duly. promptly a~d fully periorm, J'ochuy~, execute, effect, oompkte, comply w~th ~nd abide by e+ch and every the stipulstans. ~greements, conditans and covenams in said pranissory rate and this mo~tyage set falh. 9. That in the evem the ownership of the mortpayed p~emises, or any part thereof, becomes vested in a person other thsn the MORTGAGOit, the MORTGAGEE, ib wccessors and auiyia, rn~y, wifhout rarice to fhe MORTGAOR, deal with such sucteuw or wccessor i~ iMerest with reference to this ~ mortgaps and the debl he?eby secured in tM same manner as with AFortgaga without in any way vitiating p dixharging the Mortgagors' liabitity here [ under or trpon the debt hersby secured. No sab of the premises hereby mortgaged ~nd no fabearance on tF,e part of the MORTGAGEE w its successors or aasig~ snd no exre~sion of the time iw fhe payment of the debr hereby secured g~ven by Ihe MORTGAGEE or its successors w assigm, shall operate to releas~, dischar~, modify chanpe ot affsct the aip'a?~I liability of the MORTGAGOR herein, either in whok w in psrt. 10. It is specificaliy agreed tMt time is of the essenee of tha ca~trsct ~nd that no waiver of a~y obligat~o~ hereunder or of the obligatioo se- cured hertby sMll st ~oy timt therea(ter be held to be a w~ive~ of the terms hereof or of the irtstrumcM setured herby. 11. In sdd~tion to the forego:ng montMy payments of prin~ pal and imerest required by the promissory note secured hereby, matgagor covenants ~ and agrees to pay to mortgagee with each monthly payrnent sn add~~ional sum estimated by mortgagee to be eq~al to 1/12 of Ihe annual cost of the foliow- ~ ing: . - s A-All ~eal property ta:es kvied w assessed against the above described real estate. ~ f B-Premiums on fire and windstotm inswancs as herein requNed to be carried on +he improvements situate on the abore described premises. ~ C-Premiums on wch mwtgage gusaanty insurarce as mortgagee shall from teme to tim~ deem fit to carry on the ban secured hereby. ' , Mortgagee shall fran rjlne to time iwtify mortgagw in writing of the amoum due a~d payable hereu~der and such sum shafl thereupon be d~e and ~ Fayable on the due date of the next rtanthly payment snd eath successive month tF+ereafter ur.til mortgagee shall notEfy mortgagor of a change in suth ~ amount. Sueh svms shall be apptied by mortgagee toward the paymeM of real property taaes, insurance prem:ums, a~xl mortgage guaranty inwrance p!emiums. < ~ IN WITNE55 WHEREOF said TGAGOR Ms herevnto set his hand and seal the day a?~d ye firtt aforesa' ~ ~ lad and i i the esante of: ~ ~ , ~ c na ~n , ~ a~ ~ - - ~a.,..1.~~ t~f~ecun cow~~ ' n i ' . •'1;~~ r~~R~~~~'~ • ana • • cDonald ~ap 1 STATE Of s p~ 3 ~p ~~1'11 COUNTY OF ~RRIS ~ ~ '~I~S - e.to,. nK p.no,utl~r ,pp~ u + gene J_ MeDOnald .,,d Diana ..5. MC~OII81Q ~ his wife, to me well known and know~ to me to be rtie irdividwb desvibed in and wFa ~xewted the foreyoirg instrwrKm, and sckrww{edped befwe me that tF~ey e:ecuted the sams fw the purpo:es ' .xa.,,.d. ,ti,d ,h..,;a Diana S. McDonald ~ ~,;re or ~.d E~gene J. McDonald ~p«, , .~,a ~:rv.r. examinaYwn by me tsken sepante snd apart from her said fwsb~t~d, ~dcrwwtedged ro before me that she executed ssid instrument freety and volun- ~ ~arily and witF~ovt ~Mr compulsan, canh~im. ~PP?~ , or of or from her hus i WITNESS my hsnd ~nd offkial seal day of A 0. , l9~ ~ :~~,`.4Li~~~j . i ~ ~ Notary Publ' ~n uid i the Sute of Florida it'(~qji My Commiuion ~xpires: j -r Retum to: - • f E fint ~edenl Savirgs 3 loan /luociat~on ~b~ ~ROC SPRqGIIE _ : ~ ; . ~ Q~t! !A~ 1l~:~is C n..~ ~ ' ` . i = - or Fo.r P~~.«. . rexag . ~ ' ~ ~~.ORt~nte51~^ r._-.._.. ~ ~ ~ I C_ fort Pierce, Florida . ~~7 : ~ V . ~ . ~ , ' ' ' ~ ~ ~t~ '~~.,;;~~,~r; This Instrument Prepared By Jqht1 W. Collins;Ch First Federal Savings b Loan Association of fort Pierce Fort Pierce, Florida 33450 ; Checked By ~ ~ - ~275 ~ ~ / V ~ ' ~ . ~ ~ ' ~ s f . v ' Q