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3. To plec~ and canUnuo~sly ktep on tha bulldin8~ n~w or hare+fter ~itvate on said lend and o~? all egvlpment srsd psno~elly toverad by Ihis motlg•
~gs, with ell pramium~ ~hereon paid in full, fire tn~urente !n ~he v?ual ~~anciard policy form, tn a tum approv~d by Ihs MORTGAGEE, and wtndstorm j
Insurante In ihe usvil tlanderd polity (orm, In s ti~m approved by ihe MORTGAGEE. tn ~u<h company or companie~ as the MORTGAGEE mey ~
dtredl a~d all fire and windsform inw~anco po~icies o~ any o! ~e3d bulid~ng+, any Interos~ therein or par~ ~ha~eof, In ths a99rega~a wm afore~atd or = ~
In extas thereaf, shall co~~atn the u~vat ~tandard mortgagee clause or such other clavae as the Martgagee may reqvtro, maAt~g ~he loss ~ndar iaid poll- ~
de~, ea<h and ovary, payable to said MORIGAGEE ae i1s Inlerest may appear, end each and avery such policy ~haN be p~omptly ais~gned and delivered tq ,
sny hetd by teid MORTGAGFE a~ !v?the~ sec~rity to said mwtgac~e debt, e~d, no1 Iest than ten (101 day In advance o( ihe expiration of each policy, to da• •
liver to taid MORTGAGEE a?enawal Ihereof, toge~her wiih e receipt for 1he premium of such ~enewalt and ihere theN be na fire or winds~orm insurance
plated on any of said building~, any intere~i tharein or part Ihoreof, unless in ~he form and wi~h Ihe loss payable as a(oresaid~ and in tha eve~t any eum
of money becoma payabie ~~det wch policy or policies said MORiGAGEE ~hall have the opiion to reseive and apply tha tame on acco~M of ihe indebted•
nass secured hercby or ta permtt •aid MORTGAGORS to teceive and wa (t o? any pa~t ~hereuf for othcr purposes, wi~hou~ th_rebf wai~i~~g or impair•
Ing ~ny equity, iien o~ right under or by virtua of this morlgape; and in the evenl ta~d MORTGAGORS thal) for any reason fail to keep ti~e said premisos ~o
tns~red, or feil to ~lelive~ p?omptly any of s~id {~olicies of insvrance Io said MORTGAGEE, o~ tail prompily to pay fulty any premiu~n the~efo~ or in any
ret t fall Io r(orm, disthar e, exet~le, et(et1, tom lele, com I with and abide b thii covenant. or an art hereof, said MORiGAGfE ma lace and
pe~ PQ 9 P p Y Y Y A Y P
pay for svch lnwrance o? eny pari thereof wi~hout waiving or et(ecting any oplioo, lien, equity, or right under or by virlue of this Mortgage, and tha ;
" ivll smo~nl of eech end every t~th payment shali be immediately due and payable and shall baar inlerest from tho date ihereof vn~il paid al tha rate ol ~
nine pot centum ptr ann~m and togelher with svch interersl shall be s~c~red by the lien of this mortgage. ~
I. To penntt, tommit ur suffer no wa~te, impairment or deteriorotion Gf raid property o~ any parl thereof.
, 5. 7o pay all and tingvlar tha costs, chnrge~ and expensas, includin~ a rea~onable attorney't fee and tosts of abslrocl~ of title, I~curred or pald at ` _
any Iime by tald A50RiGAGEE, becauie o~ in the eve~l of the tailure on the pnrt of ~he :aid MORiGAG~R fo duty, promp~ly and fully perlarm, di3cha~ga. ~
execvte, effetl, complete, comply with and abide by tath and every tho ~tipvla~~ons, agreemoMS, condition~, and wvenants of said promissory note and ~hiti ~
mwtgage eny w eiiher, ar.d sa~d cos~s, charfles and axpenses, each and every, shall be immediately due and payablat whether or no: there be no~(ca dc ~
msnd, attempt to collect ot suit pend~ngj rnd the fvll amv~nl of each and evrry such payment shall bear Jnterest l~om the dnre thereof until paid at the E
~ate of nine pt? centvm p~r annum; and all saFd cos~s, thmpes end expensea incurred or paid, together with tdch interest, ~fiall be sec~red by the lien of thi~
~ mortpage. i
6. Tha1 (e) in the event of any breach of fhis Mortgage or defaulf on thc parf of the MORTGAGOR, w(b~ tn the ev~nt any of said aumt of money ~
hereln rofer~ed to be not promptly and fully paid within thirty (30) days next af~er ~he iame teverally become due and payable, wlthoW demand or no~Ite, ~
or (c) !n tha evenl each and every tha slipulations, agreement~, conditions and covenantf o( iatd promissory nota and th~i mortgage any or eilher are nol ~
' ~vly, promplly and (ully per(ormed, d~scharged, executcKl, effecled, campleted, complicd with and abided by, then in either or any ~uch eveM the taid ag- ~ '
f yreg~ta sum mentiontd in said promfssory note then-ramainlnp uopaid, with interest accrued, and all money sec~red hereby, ~hall becoma due and pay~
abfe fortl~wiih, a ihereafter, at the option oE said MORiGAGEE, a• fully and completely as lf ell of tha taid sums of mo~cy were originalfy stiputatc~i f
to be paid o~ iuch day, anylhing in aaid promiiiay note or in this Mortgage fo the toMroty rtofwithslanding~ and ihereupon or thereaiter at the oplion of
~ seid MORTGAGEf, w3lhout nofke or damand, wit at Isw ot ln equi~y, Iherefore or thereaiter begun, may be prosecWed as if all moneyt sec~red hereby
1 had m~t~red prior to its lnstitulion. _
; 7. 7hat in tho evenf that at the begtnn(ng of or at any time pending any suit upon thit Mortgage, or to forodose If, or to reform i1, o? to enforce
' payment of any clatms herrunder, :aid MORTGAGEE shalf eppty fo the Co~rt having ju~isdiciion thereof for !he appoin~ment of e Receiver, tvch Court shall Q
i Forlhwilh eppoint a receiver of taid mortgaged property all and iingular, inclvdmg all and tiingulat the incoma, protits, iswes and tevenuef from whatevar
" wurce derived, each and every of which, i1 being expressly ~nderstood, ie hereby mortgaged a~ if apec~litally ist fa~h and deicri6ed in tha 9ranting end R~•',
~ habendum clauses hereof, and such Receiver shall hava all 1he broad and eftective func~~on~ and power~ in anywise entrusted by a Cour1 to a Receiver, and ,l
j •uch appolntment ~half be made by svch Courl as an admitted equity and a matter o( ebsolule ~igh1 to setd MORiGAGEE, and without referente to ths
adeqvacy or Inadequacy of the value of the properry mutgaged or to the sohrency or insolvency ot seid MORiGAGOR or the defendant~, and Ifiat ~uch r~ _
ran~s, profits, income, (:sves and revenves thall ba applied by such Receiver according to the Ilen or eqvity of ~aid MORTGAGEE and the practica of such
• Co~rt. j
' 8. To d~ly. promptly and fully pe~form, di:charga, exccute, effec~, complete, camply with ar~d abide by ~ach and every the stipvlations, agreemenl~, ~
conditions ond corenant~ in said promissory note and this mortgage set forlh.
} 9. That Tn the event the ownership of the mortgagc~! premises, or any part thereof, becomef vested I~ a person other than the MORTGAGOR, the
MORTGAGEE, I~s successors and assigns, may, without notice to ihe MORTGAOR, deal wiih ~uch sucte~sor or succeswr in intere~t wi~h ~eferenca fo thif .
mortgaga and ~he debt hereby sec~red in the ~ama manner as with Mortgayor wilho~t tn any way vitiatin9 u discharginy tha Mortgagors' liabllily here-
under ot upw~ the dabt hereby secured. No tate of .the premisa~ hereby mortgaged s~d no forbearanca on th~ parf of Ihs MORTGAGEE w its fvttessors
a assign~ and no extension of ihe Iime for the payment of the debt hereby secured qiven by the MORTGAGEE or i1i t~cceisors a auigns, shall operots ~
3 to retease, discharge, mod;ly change or atfect the original liability of the MORTGAGOR herein,, either in whole or In part. . ~ ~
. ,
]0. !t ts specificnlly agreed that time i• of the essence of this contrad and 1ha1 no waivet of any obligetion herevnder ot of tha obligation ~a
i tvred hereby ihall at any timr thereafter ba hetd to be a waiver of the terms hereof or of the InstrumeM tec~red herby.
' 11. In add~tion to Ihe foiega:~c~ monthly paymentt of princ:pnl and tnterest required by the promiswry nots secwed hrreby, mortgagor covenantt
, ~ a~d agrees ~o pay to mortgagea with each monthly payrnent an addliional sum eslimated by morlgagee to be eqoal to 1~12 of tha annval co:t of the follow-
i _ .
s A-All real property taxes Icvied or assessed again:l the above desuibed real es~ate. -
i B-Premiums on firo and windstorm insuronte as herein requ~red to be car~ied on the improvementt ~itvate on !he sbove deicrlbed premiiea. , -
~ C-Premiums on such mortgage g~aranty Insurance as mortgagee shall f~om f~me to Iime deem fit to carry on the loan setured hereby.
` Mortgagee ehall f~om time ro tima no!ify mortgagor i~ writing of the amount due and paysble hereundtr and such tum ihall thereupon be dub •nd 4
? payable on Ihe due date of the nezt monthly paymem and each suttessive month thereafter until mortgsyes sl~all nolify mortgagor of a thange tn ~uch'
~ smount. Such sum~ shall tx applied by mortgagee toward fhe payment of rea! property taxes, Ins~rance promium~, ~nd mortgage g~aronty tos~tants n
premivms. ~ .
IN WITNESS WHEREOF, the sald MORTGAGOR hat hereunto set hia hand and seal the day and year fint foresaid. F
° d, Sealed d de ~ red ln the presence of: ' ~
S ~
-i J ~ lit~! • ' ~
` ' - - - -_-tk+n
, .
Seap
"s
- Mark r~,~ ~
f STATE OF Pl4RIDA
~ ? ~ cou~n oF SAint Lucie ~ s's' ~ .
before me per~onally app~ared JoaATh CRt.RltRnw •~a
hls wlfe, to me well known and k~own to ms to b~
tM IndivWvits descri in ~nd who exxvte~d ths forepo~ny tnstrument, and acknowtedyed bsfore m~ tMt th~y execufed ths f~ame for the purpeses
' J~s hi e CAt_ famo
tFwreln ~xpressed. Md th~a satd: 8}?~_.
~
i wifa of the ~sid ~ upon • ~epirste snd priv~t~
~ exsmfna?ian by me taken aepsrote and apa?t frorn her f~i h~ and, acknowtedged to snd be(ori ms ihat ~he executed iaid lnatrument freely and voturr
, larily and withovt ~ny compufsSon, corutr~lnt, apprehansi ~,fear of or {rom het said husband. •
~ WITNESS my h+nd and officl~l seel thi• ' day of N~ ~ A. D. )9~,
~ ' (~Fy ~.yr ~~;:i''~'../ c'~ u~- :
~~U~ J ~ Notary Pubtis in ~nc for the Stats of fkrFd~ at LarQe
: i ' My Comm±ision ~xplret:
1 R~tum To: . NOt~Y.P~bt}c~ Stdti Of FbHdn et W«e
flnt Fedaral Saving• a~ toan n~wctation My Comm+ssion, Exp+res Nov. 3~ 19b5
~flEO AND R~CORDED Bonded by Amenc2in Sutety ~Q. ~r ~ Yt
~ Of Fort Pierce. • ~
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