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To pl~a ~nd cvn~inuoudy kaep on ths bulldtn~~ now o~ Mro~Ner tttwt~ on utd tand and on eN eq~iprr~nt arx! pe~sonelly covered by fhit morfg• ~
ep~. wlth all pramivm~ IMreon pald in (ull, fLs Ineur~nt~ tn ihe usual ~ta~da~d paltcy (orm. In a tum approved by Ihe MORTGAGEE, and windporm `
Intw~nc+ fn IM vsua) ~tr,~dar~ policy torrry M•~um +p~~oved by the MORTGAG:E, tn •uch company o~ tamp~nies a~ the MORTGAGfE m~y i
dkaci~ ~rxi s!I f!n •nd w{nditarm tnsurar+c~ poticies on eny of ~aid buiidir~g~, eny interos! tbsraln or part thareof, In Ih• ~ggregate wm a(oretald o~ i
(n ~xceu tlurwl, ~hall tonl+ln 1ia v3ua1 stand~rd mar~gsgao cl~use a tu:h other clause a~ tha Matgagee may rtquiro, mektnq tha lois under taid polti ~
tNs, each s~d ~vtry, paysble to uid MORTGAGEE a~ itt (ntere~t may appear, and each and evory such poi(cy thall be ptomplly aes:gned and dolivered to ~
•ny Fufd by tstd MORTGAGEE at furlh~~ tetu~ity to satd mortgage debt, and, not less than ten (10) days tn advance ot ihe explrotion o} each policy, to do- ,
(lv~t to ald MORTGAGEE a ro»tw~) thereol, loflethar with a receipt for tha premium of wch renewelJ end ~here ihall be no fi~e or windilorm inturanca
pi~ctd on ~ny of •~id bulldinp~, any IMerest therofn or pari ihercoi, u~tess in ~he form and with the los~ payabls ai afaessidj and in the event any sum
, of mo~ay btcomts pay~ble under fuch poticy or policie• iaid MORTGAGEE shall havo Ihe option to receive and apply tha tame on accouN of t~e indebted•
nai~ i~cwed hereby o~ to permif •sid MORTGAGORS to recetve and use i1 a any part ihereof tor othcr purposei, wiihout Ihareb~ waivt~ig or impair-
(t+g any tq~ity, ((en a rtgh~ undar or by vtrlue of this mortgagej a~d in the event •aid MORTGAGORS ihali tor any rea~on fail to keep the said promise• so j
intured, a fail to deliver p?omplly any of said policies of insurence to said MORTGAGEE, w fail promptly to pay fully any premium therefcu ot in any M
n~pect htl Io perfam, discharge, executs, effed, canplele, comply with and abide by ~his covananl, at any part hertof, aaid MORTGAGfE may plue and ~
p~y for ~uch lnwrance or any part tbe~eof without waivinp o? rffe<ting any option, Ilen, equity, or tigM undcr w by virtue of Ihis Mwtga9e, and thc
fu11 amount of rach snd ev~ry t~ch payment shall be immediately due and payable end shall bear tnterest irom the date thereof un~il paid at the rote ai f
nine per centum per ~nnum end together with suth inter@~t shatl be :ecvred by the Ite~ of thi~ mo~tgage. ~ ~
1. To permif, commH w soffe~ no waste, lmpa(rment or delerta?alion of ~aid property or any part thereof. • ~
3. To pay att and iingulu tha cos1~, tharge~ and expeniei, including a reasonable attorney'~ fe~ and costt of abstracts of title, inturred or paid at ~
~ny tlme by sald MORTGAGfE, because or tn tha event of the failure on the part of the •aid MORTGAGOR to duly, promptly end fully perform, dittharge, ~
exec~le, etfect, complete, comply with and abide by each and every tha stipulations, agreements, condiNort~, and covenanls of ieid promissory note and thi~
mortQage any o~ ai~her, and said co3b, chsrges and expentes, each end every, ~hall be Immedintely due and payeblei wheiher or oot there be notice da
mand, atlempt to collect or avit pend:ng; and the full amount of aach and every such paymeN shaN benr tntereit from Ihe date th~ereof until paid at the ' ;
rate of ntna per centum per annum; and alt said cost~, charges and expenses inturred or paid, logether with tuch intero~t, thall ba tacured by the lien of thi~ ~
mwtyage.
b. That (e) fn the eveni of eny breach of this Mortgage or default on the parf of the MORTGAGOR, or (b) tha event any of tatd fum~ of money ~
hereln teferred to be not promptly and f~lly paid with(n fhirty (30) days nexl after tha semt severoNy become due and payable, wtlhout demand or notite,
or (c) M the evant each and every the itipulatlom, agreemeros, co~ditions and covenanti of said promitisory note and th~~ mortgage any or either are not
~vly, promplly and fuUy pertormed, d~scharged, exec~ted, effected, completed, complied with snd abided by, then in aither ot any suth event the tsid e~
g~egate tum mentioned tn •aid promissory note then rematning unpaid, with interest actrved, and all money fecured hereby, ~hall becomo duo and pay~
. able forihwith, or thereafter, at Ihe option of said MORTGAGEE, aa fully and complelely et If al) of the ~sld svms of money were origi~stly t~iputatcd
i to be paid on such day, anything in said promissory note o~ in this Mortgage to the controry notwilh~tarxiirq; and thoteupon or ihereeftar at the option of
sald MORTGAGFE, without rtotice or drmand, s~it at law or in equity, therefore or thereatter begun, may be proucuted as if all moneyt tecured hereby
G' Md matvrtd ptior to its tnstilulion.
' 7. That in tlre event ~hat at the begtnning of or ~t any tlme pe~dtng any ~uit upon this Mortgage, or to faeclose tt, or to refwm tt, or to enfores
payment of any ctaim~ herevnder, taid MORTGAGfE :hall apply to the Cour1 having juFisditllon Ihereaf far tfie appointmenl of a Receiver, tuch Co~rt thall
' fwthwlth sppoint a receiver oi :aid mr,~tgaged property all and singvlar, l~cluding all and •ing~l~r the income, profits, Is~~ea and revenue• i~om whatever '
wurce dertved, each end every of which, it beiny exprci~ly underttood, ii hereby mortgaged as if apecifiulty set forth ~nd described fn tha yrantirsQ nnd
habeodum clavae~ hereof, and ~uth Reteivsr shall have all the broad and effective f~nctiont and power~ in anywise entrusted by ~ Court to a Recelver, and
tuch appotnlment thall be mad~ by ivch Court ai •n admifted equity and a rt+atter of absol~te right to uid MORTGAGEE, a~d wilhaul reference to the
~deqwcy or (nadeqv~ty of the value of the ptoperty morlgag~d or to the tofvency or insolvency of tald 1+r10RTGAGOR a Ihe defendanls, and thal ~uch
tants, profits, incara, iseves end revenues shall be applied by such Receiver according to the lien or equity of iaid MORTGAGEE end the practice of lvch
Court. • .
! 8. To duly, promptly and fully p~rform, discharge, exec~te, effect, complete, compty wilh •nd abide by each +nd evtry the ~ttpulatlons, ~greementi,
candit~ona snd tovenanti in ~aid promissay no~e and this matgags set forth.
; 9. Tba! In the ~vent the ownerthip of the mortgaged premises, w a~y part thereof, becomes vested ln a pertan otMr tMn tM MORTGAGOR, ths
: MORTGAGEE, Iti iucceisors and as~igns, may, without notice to the MORTGAOR, dean with such iuccessa w successor in Intere~t with roference fo this
mort9~e and tho deb~ hereby iecu~ed in the •ama man~a~ as w+lh Mortgagor withovt fn any way v1li~~Ir~. or d~scharplny the Mor~flagors' Itapltily hera
under or upon 1ha debl hereby secured. No sale of the premiies hereby mortgaged •nd no forbearance on Ihe p~rt oF the MORiGAGEE or h~ succestor~
t or asiigns and no extension of the tima for the paymenl ot the debt hereby •etured fltven by IF~t MORTGAGEE•or its ~~tcetswt or assign~,~,hslt operatt ~
+ fo raleass, diicharge, modify chanqe o~ affecf fhe origina! It~bility of t}?e MARTGAGOR t»rein, ei1Mr in whole ot In pa?t.
' fD. !t to specifically sgreed thet Nme Is of the essence of Ihis contract and that no w+ivar of any otrjigation hereur?der or, of lhe ob1ly~~tjon ~s-
cured hereby shall s~ any time ttxreafter be held to be a wetver of the terrru hereof or of the lntlrumanl setured herby. . .
11, Ir~addition to tha forego:rtg monthly payment~ of.princ'pal and interesf required by fhe promissory note aecvred hetaby, mortgagor tovenantf
i and agreei to pay to mortgagee with ea~h monthly payment an addirlo~a! sum est7mated by mortgsgee to be equal to 1/12 of the annwl coit of tha follow-
; Ing: , -
3 A-All real property taxe~ levied or a:sesseci against Ihe above described real e~tal's. • ~ '
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~ 8 Premiums on fire and windstorm imursnce +s he~ein reqvired to be carried o~ the Improvementt ~ituate on tM abovs deftribed premises.
C-Premiums o~ such mortgage gvaranty ins~rance ai mortgagee thali from time to time deem fit to tarry on the loaa secured he~eby.
` Ma~gagee thall from rlme to time notify mo~tgsgor in writing of the amount d~e 3nd p~yable hereunder and wth sum iiiall iherevpon be due ~rxi
; payabk on 1ho due date of the naxt monthty payment and each successive month thereaftrr until mortpagee shsll ~ofify mortgagor of a chanq~ in svch
! amount. Such fuma ahall be applied by mortgagee toward fha paymeM of roal proparty faxst, fnsurance premivm~, and mortgage gvarinty Insursnce
~ ' . premfums.
I WITNESS WHEREOF, the ~said MORTGRGOR has hereunlo iet his hand and teal the day and ye~r first ~foresa{d.
; +y , Sa• an delivered tn t1?e pretencs of~
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' - ,sa.o
i STATE Of FIORIDA ~ ' • ~
courin oF Saint Lucie , ~ : • ~
i e.ton me p.non~Ny .ppeared Arthv~ •B. AlexanAwr
; ~ChRr?gtt~, L- A1~~flridAP hb wff~, ro m~ w~ll kr?awn and known io rt?~ tosb~.
~ tke lndivldwls desuibed tn snd who ~xecvt~d the foteyokp I~strum~ot, and baf s Mt ecuted tM sarn~ for th~ purpwe~
urte
4 ox~~~. a,a . Char o te ~~ex'~~nc~`er
wlf~ of tM ald • and
~i ~ Arthur B Alexander , .~,r.t~ .~d aty~~.
~ ~xamtnation by me tsken separate arsd spatt from har s~Td husbar~d, acknowledged to ~nd b~fon en~ tasat ahe executed said Irutrument freejy u~d vo{un-
; I~rily snd without any compufsion, conirrai~t, ~pprehans'wn, or f~ar of or from her iaid Fw~band. ~
i WITNE55 my hand snd offkial seal thi ~ day of v ber ~ p~ i96
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~ : - ~ ~ ~ FILED ~,ND RECORDED ; . .RIS? Gommi~lon ExptresAprt! 24, 1g65 .
~ • - _ ^ ~ ~ _ d . $or~ded by American Surety ~p, pi N. 1~.
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