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To pt+ce •nd conrinuoutly lceap on ihe bupoings now a here~ftar tttuate on »id land and on all cqutpmenl ~nd p~nonally cova~d by iht~ mort~ ~
ps, wllh sll pr~miums lhercon psid in (ull~ fire inwronce in Ihe wusl etandard pollcy form, In a~vm ~p{uoved by fha MORiGAGEE, and winditorm ~
IntunncQ in tha vti~al itandard poticy form, (n • tum approved by tha MORTGAGFE, in ~vcb compeny or companfe: ~ha MORTGAGEE may
dk~ttl sru! a!) flrs snd wi,xi~lorm insurence policies on sny of ~aId b~ildingr, any intaretit Ihsreln or pul, thereof, In tM +9greqste fum alon~ald ot
In txctts Ihereof, ~hAll toniatn the usual standard mortgngee clavse or wch othar clavte ati the Mortgagee may require, maktnQ Iha loss vnder •aid polk
tiaf, each ~nci every, payoble to sald MORTGnGff a~ its tn?c:est may sppear, and each and eve~y ~uch pollcy ~hall be promptly ~ss:gned ~nd delive~ed to
1 any held by taid MORTGAGEE a~ f~rlher seturity ta seld morlgage debt, and, not les~ ~han ten (10) dayi in advance of the expiratlon of each policy, to dr
~ Itvsr to ~aid MORTGAGEE a renewal thereof, together with s receipt for tha premtvm of wch renewal; and Ihero shall be no fire or wind~torm Insur~nce ;
~ placed on any of ~~td hu3ldingi, any inlere~t theraln or part thereoi, unleis in the (o~m and wilh the loss payable as atoresatdj end in Ike eveM any ~~m j
i of rtwr?ey becomes payable under ~uth polity o~ politlat ~aid MORTGAGEE ~hall hava ~he option to receive ahd apply Ihe ieme o~ account of Ihe Indabled• ~
} nets •ecured hereby w to parmit said MORiGRGORS fo reteivo artd u~e It or any parl Ihereof tor o1hc~ purpose;, wi~hout ~hereb~ waiving or impair- i
~ tng any equity, lien or ~igh1 under or by virive of ihii mortyagel e~d in ihe event •aid MORTGAGORS shall for any reatan iail to kcep Ihe said premise~ so ;
In3ured, o~ fail to deliver promplly a~y of ~aid policies of inturan<e to ~aid MORTGAGEE, or fail p~omptly to pay 1~lly any premium therefor or 1n any j
~ ~etpact (ail to perform, di~charge, execule, effecl, complota, comply with and abido by this tove~ant, or any part hereof, said MORTGAGEE may place and i
7 pay (ot euch in~urance or eny part thereof withoul wa(ving ot affecting any option, lian, equity, or ~ight unde~ or by vfrtus of thif Mortgage, and fht ~
tull emovM of ea<h end eve~y svch paymenl ihall be tmmediately dua and payable and ~hall bea~ lnteresl irom tha da~a Ihereof until paid at the rote o1
nine pei centum per annum and togelher wilh t~ch interesl ~hall be secured by tho lien o( thi? mortgage. ~
{ ~1. To pa~ml~, commft ot su(fer no waste, Impairment or detcrioretion of eaid pioperty or sny part thereof.
; , 5. to pay all and sing~lsr the coits, charget and expenses, Includi~g a reasonable attorney'~ fee and cosh of ebstraclt of tilfe, tncurred or pafd et
f any time by said MORTGAGfE, becavae or ln the event of the failure on the perl oF the said MORTGAGOR to duly, promplly and fully perform, d~uharge,
QxKVtO~ eflet~. t«nplete, c~mply with and abida k+y each and every tho s~ipulation~, agreements, tondilions, and covenants of ~aid promissory note a~d thii
~ , mortgage any or either, and ~aid costs, charges and expenses, each and every, shall be immedialely due a~ci payabtej whether or nor there be notics do- (
i ma~d, atlempt to coltect or suit pendingF and tha full amounl of each a~d every ~~ch paymant ~hall bear interesl from the data thereof until paid at the
rate of nine per centum per annum; and all aaid costs, charges and expenses incurres~ or pafd, togolhar with tuch Interesl, thall be tecured by Ihe lien of thii (
~ mortgaga. ~
6. Thal (a) ln the event of any breach of this Mortgaga or default on the parf af thr MORTGRGOR, or (b) In the svent sny of ~etd sumf af money Z
~ here(n referted to be not promptly and fully paid within thirty (30) days naxt afler the same teverally become due and payable, withoul demand or notita,
} or (t) In the evenf eath and every the •lipulatioris, agreameM~, conditions and covenente of snid promissory oota end th~~ morlgege any or either era nof f
~ ~ufy, prompVy and fu(ty performed, discharged, exec~rad, at?ected, completed, complied with and abided by, then tn either o~ sny wcb evenl She taid sg~ !
pregate ~um menlioned in •aid promissoty nole than remai~ing unpaid, with interest accrued, and a11 monoys tec~red hereby, ihall become due and pay~ ~
s able fotll~with, w thereafter, at the option of ~aid MORTGAGEE, at fully •nd complelely as if all of the :atd :umi of monay were aig;nally ~lipuletcd
~ to be paid on such day, anylhing in snid promissory nole or In thls Mortgage to the con~rary notwith~tanding; and thereupon or thereafter a1 ~ha option of ~
feid MORTGAGEE, witfiout notite or demand, suil at law or in equity, therefore or thereafter bagun, may be prosecuted as if ell moneya ssc~red hereby ~
i • had maturcd p~ior to its.lnilitution. ~
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S 7. That (n the event thaf at the innt of or at an time . ~
; beg ng y pendtng any wit ~pon thJs Morrgage, or to foreclose it, or to reForm 1?, or to enforc~ 4
; p~ymeM of any clatms herevnder, eaid MORTGAGEE ihall apply to the Courl having jvrisdiction thereof for Ihe appointment of e Reteiver, ~uch Courl shall
x forthwith appoinl a receiver of tald mortgaged proQeNy all and sing~lar, Intluding all and tingular th, (ncome, proFits, Isives and revenue~ lrom whateve~ ~
_ w~rce derived, eech and every o! which, it being exp~eisly unders~ood, is hereby morlgaged a• if tpecifically set torth and described ln Ihe yran~iny and ~
habend~m clavsei hereof, and sucfi Receiver shall have all Ihe broad and et(ecliva func~ions a~d power• in anywise entrusted by a Court to a Recelver, and
tuch appointment ihall be mada by ~vch Court as an admitttd equity and p metter of absolute righl to said MORTGAGEE, ,nd wi~~ovt reference to the
~ adcquaty w lnsdrquacy of the v~lua of the property marlgaged or to the ~olventy or insolvency of said MORTGAGOR or the defendants, and that ~uch
~ ront:, profits, Income, iisues and revenues ihall be applied by such Receiver according to the lien or equity of tatd MORTGAGEE and the proctice of such
Courf.
8. to duly, prompNy and fully perfwm, discherga, exec~te, effect, complete, comply wilh and abide by each and every the stip~lattoni, agreementi,
tonditloos and covenaN• in ~aid promiisory note aqd this mortflage set forlh. (
9. That In the event the ownership of the mortgagcd premise+, or a~y part thereof, bscomes veiled tn a perwn other than the MORTGAGOR, th~ ~
• MnRTGAGEE, (t• ~uccessor• and atsigns, may, without notice to the MORTGAOR, deal wi~h svch s~cteisor w ivccessor tn inlera~t with referenu to thi~ {
mortgage and the debl hereby secured tn the ssme manner at with Mortgagor withoul In any wey viti~tln~ or ditcharging the Mortgagort' Itability hera ~
~ under w upo~ Iha debt heroby secured. No tale of the premises hereby mortgaged and no forbearo~ce on Iha part of the MORTGAGEE or U~ ivtceiion
~ or assigns and no extenston of the time for the paymenf of the debf hereby secured givan by the MORTGAGEE or its wccessor~ or assign~, ~hall operots ;
fo relcate, discharge, modify thange or sffect tha orig;nal liability ef the MORiGAGOR herein, afther ln whole or ln p+rl. • ;
~ 10. It 1~ tpecilicalfy ag~eed that tima is of the essence of this contract and thet no walver of any obligation hereunder or of the obltgalion ~e- " f
eured heraby shall at any time thereafter ba hetd to be a waiver of the !erms hereof er of tha 1ns~rument ucured herby. ~
{ 11. fn add~~ion to the faregoi~g monthly paym~nl~ o{ prinr'pa! artd tn?erest required by the promi:sory na?e tecure~ hereby, mortgagor covenants ~ j
f and agree: to pay to mortgagee with each monthly payment an addi~ional sum estimated by martgagee to be eqval to 1/12 of the annual cost of the follow- f
+ i~. . ' ~
A-Ati real property taxes levied or assessed agaimt the above described real estate. {
B-Premiums on fi~e and windstorm in~urartce,a~ herein requ;red to be carried on tha imprQVement• tit~ate on the above desuibed premitet. ;
C-P~emiumi on such mortgnge guaranty ins~ro~ce a: mvrtgagee shall from time to lime deem fit to carcy or? the loan iecvred hrreby. {
Mortgagee shall from tirue to time notify mortgagor in writing of tfie amount due and psyabfe hereunder and ~uch sum ihall thereupon be due and ~
payable on the due date of the next monlhly payment a~d each sutcessive monfh thereafter until mortgagee shall nofify mortgago? of a change In tuch ;
amount. Such sums shall be applied by morlgagee foward the payme~t of real property taxe~, tnsurance premi~ms. and morlgage guaranty insura~ce ~
~="s~ premiu
~ • WIINESS WHE , the taid MORTGAGOR hai hereunto set his hand and seal lhe day snd year f(nt oressid. {
ig ,~epjed nd d rv e in the pre~ensa ofi . ~ ;
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:s G - ~Seaq
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:1 STATE OF FLORIDA • ~ ~
St. Lucie ~ ~ ~ ~ . - ~ s
~j couNn oF j
eefore me Peno~auy aPPeared Wi 11 j. am M. ' Fr enkl in ~
; ! . .~a ;
3j M^il}~31~' Franklin ~ nr. wsre, to me wetl known •nd krrown to ms fo bo s
~ the individuati de:uibed in and who exacvted tha foregotnQ l~strums~t, rid asknowtedqed b~fon m~ tF?at thay ~xecuted the FnrrN fa tfi~ pvrposea
_ P ~ t~l~nti n~ Frank ~ ;
tberoio ex reued. Md the iai ~
wlfe o€ tha said ~{j}~~.~g~.~~&A~G~.~Zl ' ry upon ~ sepanls ~nd priv~TO ~
examinstion by ms t~ken :e,parate and apart from her satd huibar+d, acknowtedgerJ to and before rrN that ~he exatuted taid irutrumant ~reely and volun- .
urily ~nd wilhovt any compulsion, comtrai~f, epprehension, or fear of or from her sald Fwibartd.
WITNESS my hand and official seal thii 2~'~~ day of A. D. 14 6~
~ ~ G~-~ ~
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oury Publis tn ~nd fw tFw Sut• of Fbrida ~t larpo
Retum To: . My Corr?mission expires:
Flnf F~dard Savlt?fl• 6 toan Auoctatian ~ Notary Pub~lc, State ~0~15 ap~~a 24t 1965
Oj Fon Pierce. y MY Co~mission ExP~ p. Of N. Y• .
O. Bonded bY ame~'~a°, Sure~Y ~C~,
Port Pl~res, Florida . ~ ' .
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