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3. To placa and cuNlnuoui~y keep on ttie bu~'din~s now or {~errefter s~luate on said land and on ali eqi~ipment and p~tsona~~y coye~ed by this mottg-
ege, wilh all pramiums thereon pa~J ~n (u~l, firc ins~;a~ cr ~n ~he usual sta~xtaid {:ti~~~cy (orm, in a s~im appro~~d by Iha MORi(iAGEE, 3~~d winds~orm r
i~s~+anc~ in the ~nual standard po1>cy iorm, in a surn ~pproved by ihe h10RiGAGFE, in svch cornpany or tampanies as tha MORTGf~GEE ~
directp and all fi~a ar.d w~nJsto~~n i~~surancc poGci~s en any of s~~d kwi~J,r.ys, any in~errst Ihcn+in or parl thercof, in the aggregate su~n aforesaid or ;
in excess thereoi, s}~atl co~~fain the usu~l sror.dird n:ortgi9er <la~~se or such o~har clause as ~he Mortyayee may req~~~re, maAing Ihc loss u~~J~r sa~d poli- " , ~
cies, each and uvery, payab!e ro s~irl h!OR1:,AGEE as ~~s in~c+est ~nay appear, ar.d each .:~d e~•e~y such f~o'.~c~ s~~a~l be prort~ptty asse~r..d a~~d del',vered to ~ ~
any held by sa~J h!ORTGAGEE as fur~her sec~~ity to s.~id mori~jage ~t~bt, ard, not !~ss ~hjn ten (10) days i~~ ad+anie of the expira~ion o1 each po~~cy, to de-
4iver lo said l,14RTGAGEE a rene~~~al thcrcof, to~e~her with a rrceipl for Iha pr~~nium of such r~newal; and th~re shail be no f~re or ~v~~tds~or,n insurante .
~ placed on any of sa[d bvildings, any interesi ~herein or part therrcl, und~ss ;n the (o•m a~~d with Ihe loss payable as aforesaid; and in ~he eve:~t any sum ~
of monzy brcomes psyable under such policy or pol~cies s~~d t.40kTG~GEE shail have ~ha opr~on to reca~~~e ~nd app~y ~ha same on accounl of ~he indebted• ~
nass secured hareby or ro pe~m~t aacd t.10RiGAGQRS to rete~.e a~~d use it or any a~~~:eof tnr o;h_• f>Ur;,csrs. S.~~i,w1 ~harci~~ r,~~vn.g c~ unpau•
tng any equ;ty, I~en or righf under or b,~ virtue of thls mo~'9age; and in ihe even~ s~ J h'ORTGAGORS shall for any ~eason fail to keep Ihe sa~d premises so
insurcd, or fait to dcfiver prompliy any of seid ~,ol~cies O~ ~~SUfJ~TCB ro sa~d h17R1GACitE, ~r fail promE?Ity .o pay Iully any prrr,iiurn Ihcre(or or in any {
respecl (ail ro perform, d:sch.~r~e, eaacute, eifect, con~p!ele, co~~pty w~rh and at~~de by ~h~s covenaM, or any parl hereof, said MGRiGAGEE may placa a~~d }
pay for such ir,surance or any part ~hereoi w~thoul waiv~ng or a(fe:ling any oNt~on, ;ian, equ:ty, or ri;~ht under or by virtue of this ?Aortgage, and the ~
full amounl of cach aod ecrry svth paynwM at•.a!! Lc ++~:medi~tel~~ dve and payat~'c and shof{ hear inte~ezt #rom tha data lhcrcof unl~~ paid a1 the rale oi
nir.e ~~'r centurn p?er ar.num .~nd toq_tf'.:•~ ::ifh 1u:h i;t~~~~~s~ sha~l tr se;~tad by ~he lifn aF thiS ntOrlg~ye. - < ~
4. To permit, commit or sulfer no wastq impjirmCnt of dctarioration of soid uro~erty or any part ihereof. ~
5. To. pay all and singulu the costs, charges and expe~~~es, indudin~ a~easonatile attorney's fea and tosts ot a64trads of titlP, inturred or paid at (
any time by satd MCQ~GAG'.E. Uetause or in ihe ev~nt of th~ fa'.'ure on the part oF iha said MrJRTGAGOR to duly, promp~ly and Iu11y pe:form, d~scharge, ~
execute, effect, complete, co~n~~ly ~v~rn and a6'c!e hy each anJ eti•ery ~he stipu!ations, agre~ments, conditions, and covenants of said F;romissory nole and ~his 2
mo,rgac~e any er e~~ner, and sa:d cos~s, charges and .~xpenses, each and avery, si~all b: i+r,medi3tely dve and payable; v~hether or nof the:e be notice de
• mand, at;e~r,pi to co'lect or sv+t pend:r.g; ar.d the futl Jfl10:t4\S of each and eyery svch p;ymcnt shall bea~ i~vciest 1rom the date theieof unti{ paid a1 tfie
r~te o.' n~ne uer tentine E:tr .~n.~~:n; a:~d ai1 soi~ cnsts, c:urgcs ~~:d rx;~cn:es +nGurfed or p3id, to<~e~her ~v~~h suth in~eresl, Sha11 6E secuted by IhC lien of this '
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_ mortgage. ;
G. that (a} in thr ever.t of any brracf~ of this 7,lortgage or deFau,t on t}r~ p~r1 ef the N.ORTGAGOR, cr ;U) in the event any of said sums of money . ~
' herein referr~d fo be not pro:~~p11y and (ully paid •.~ithin Ihirty i3Jl d3~s nex~ aitcr ihe sa~:ie se~•era:•ty 6ecome due and poyaUle, viilhout demand or notita, ;
or (c) in thc event each and every the st~pu~ations, ay~aemenls, co~~ditions and coventnts oE sa,d promissory no:e and lhis mortgage any or euh>r are no1 `
iuSy, promE tly ar,d fvtly F,rFvrn<:d, d sc~;arg~:d, zKecuted, z~fe:tcd. cotr2~:at.:d, ce~np:ied ,:+'h af~d aL•;Jed `~y, tfie~i in eithrr er any svch event the sald ag- ~
grcgaic sum mentioned in said promisscry nate the~ ~em~inin7 unpaid, v.ith intere;t s;:rucd, ~~nd atl moneys securcd hereby, shall betome due and pay ~
ebSe torthwith, oi thereafter, at the op!ion e1 s.3~d P.ICRTGAGEE, es f~li~ and ccn:p'.r+e?y as if al! o( tlie said sums of money were originally stipulated
~ lo be paid on such c?~y, d~lytn:nq in :a.e! p~c:~~issory r.ote or in this h~ertgagc to the cont~a~y not~.v~thsranding; and th~reupon.or the~eafter at Ihe option of
said R'IORTGAGFE, v.iri~out r.ot~ce or den:and, scit a~ I~nv or in eyvity, tne+eforc er thcnrairer begvn, may be proiecuted as if all moneys secured hereby ;
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~3d matured pncr :o ~~s insti~u~~on. ~ ~
7. That in ihe evenr tfia~ at tize br inn"n. ~t o~ at an • t~~,+ e nd~,~: r~ su~t ~on this e~t: a~, or te foredose it, or to reform it, or to enforce ~
y' y }`e 3 a Y t~ J 9' i
payment of any ci;;~rs he~eurdcr, se•d :~ORTvH.vkE sha:l ~Hply to t1~4 ~o~~rt havir.g {u ~sd c~~on +htri~oi tor the appo~ntment of a Receivc•r, such Ceurt shall . =
iuith.v~:h ipp~int o rc.-_ive: oi saul ~ro•sn~~_d p~c ~_rt~ a;? ;,no sir~3u!ar, inc':ud.r.'; ~.~I :,nd s~n3ular t}:e income, profits, iss~es ar.d revenues from wh~tever 1
scurcr deriv~d, r.:ch a~r,i •~.~ry ~f w','c!,, ;r be~rg •~.Y~~r~~ss'y vnder:tced, ~s I`C;CL`f f•::,rl~,3~d as ~f sped(~caily set focih a~d descr~bed in the gtaroin~ and ;
habendum c~auses i~erca3, ar.d sucF: Recei~ersha:I h~v: aif the Lr~ad and e+ix!~:e iu~~ct.orS dntj pO:iE~S in anywise entrusted by a Cour1 to a Receiver, and i
such aF;poin!me:tt shs1l hc made by s:~cf: Co:~~+ as a~3 ad,~~i.trd equity ~r~~i a r.-atter oi a:,so~vte rlght fo said hSpRTGAGEE, and withcul re(erence to the
adeqvacy or ir.adeqvacy of tF.e va:ve of t!,_• pro,.or~y mortgered or to ri~_ so~.~_ uy o~ ~n:Olvency of sa~d 1~ORiGAGOR or the defend3nts, and that such ~ ~
` rents, proiits, inco~re, issues ::r::! revet;ues shr! be appi~ad by sucii R~ca~ver accerd~~~n ~u the lien or equity of said MORTGAGEE and Ihe praUice of such ~
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8. To du'y, prcmp;r~y ar.d ful+y Ferio:m, dscharae, execura, e(!ect, cerr~lete, co:nply w+th and a6ide by each and every the stipulations, agreements, s
- . condifi~ns and cove:itrits in sa:d promissvr~ nese ar.d this n;ertga~e srt iorth. _ }
9, Tn;t in the eveM thc oxr.ersh~a of the mortgaged premises, or any parf lhereof, becomes vested in a person olher fhan the MORiGAC~OR,, the ~
h!ORTGAGEE, i~s SuCCcS5~r5 or.d ass~3ns. rr.ay, v,~+.ha~f noti:e to th~ At~RSGi.~R, d<a: v:~ii, =uch s~ccessor or successor in interest ~vith reference fo this
mo~tgage ar.d th=~ d_bt herebly~ z_cu~ed +n !h~ same m~~en~r as ~vith !.tcrtgsgor without in any v~ay vit;ating ~r d~scharging the Alortgagors' liability here- ~
unde~ or upcn U_bT }1M2V~ sccc~ed. t:o sa:e of ~?:e pre,n;ses hereb~ m~rrgaged ard r,c~ forbearance on Ihe part oi the /AORTG.4GEE or iis successors . _
' o~ assi9ns and i~:, ex~ensf~n o( the tin~e for th~ ; ayrrent of th: d~bt hc~~c~y aecureJ y~ven by t4ie tAORTGAGEE oc in successors or ass:gns, ofiall operate j
lo re!ease, d~scharge, n~edity change or afiecr the or~g~nal liau6~rty af titi_ l.'.OR3vAGUK iier~in, eithe~ in ~vhole or in part. ~
10. 1r is s'pecficaliy agreed that t~me is of th= esser.ce of th~s co-~tract ar~d thjt no waiver o( any obl~gat~on hereunder or of the obljgation se- f
tured hereby shali ai a~y time the~ea(tcr !•e het:l to bc a vlaive:~of thn !zrn~s hereaf or of Ihe instrument secured herby. '
t i. in add i o: t~ tF_ iorec;o'~~~ ?•onah~•; pay:,~_nts of p:inc ral and inse~es! rer,ui;ed by the prom~ssaTy no!e secured hereb~, rrzo:tgngor covenar.ts ~i
and agrces lo ray tu ~~~~~+g'g^c :~.i~h eacn r~o.^•'h`•; ;:a;r•:e~~t ;:n ad~i:t:o~~a! svo~ :s! -:~ted by mO~tg?gee to be eqval to 1; 12 of the annua! cost o( the fottow- ~
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' A-AfS r~al ptoj~~rty ta,~-_s !ar.e,~, or asses~rci a:ai~st th~. a::.o:e descri~_d real estate. ' ~
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g-Prem~~~:~s cn f~r~ ar;~ :•r,r,dsso~m :nsu-acce as ?~~:c+n recy~;red to ue cz~r.cd e~ ti;? :mprov~meats s~tuate on th~ above d_scrihed premises. ~
~ C-Pr2meu~r•5 u:~ s.ch ~c.•tg-:g_ gva~>nr; insv-a~ :e mc'tga~se shatl {rc•r, a to :i~ne d_em fit to carry cn ~he loan secu:ed here~y. ' }
. i,lo:tgagee s~aii 3ram ~+:~c• io t~~~'e ~~ci:f~ .^.:cr~~agcr ;n v~r;ting e` tht• a~-~o.~nt ~v~ ar.d payao!e he~eunaer snd suth w~~ shaft thereupon be due and
payabfz on th~ ?~e da!~ o~ n~xt ~nc^:r!y c3~~-:=~~t ard escn svccessi•:e mo~rh thereaifer ur.til mcrtga3ee sh3U notify mortgagor of a change in such f
`F_'~ r y, ~ p~y; .:i r p F r' P 9 S 9 Y {
amovni. Suc!~ 5~ms s~+~:1 be v~d b•: n~or oa^~.~ to:•:a~:. th~ nent _ e~! ro e~t taxes, insuran:e rem:vms, aeld mort a e uarant insurance
pre~~i~rt:s. - ' -
4CJ \VISfiE55 '~+~i`_RcOf, :~e sa~4 N.ORiGi+GOR has nereunto set h~s hjr.d and s i thc day and yea first aforesald. - - .
- ~ ~ - 'iv ed in the presence of: ' ~
~ ~Fll.S~t'l~.~:.. ~~1iT7
T~A- - _ tg~ Ti y . . g (Sea{)
~ - - 5~-~-~' ~L ' r.;??.7~5 ~ - _ (Seal)
" - `t; i C4bR;- ~ - a~~
. - - r . t ~ ~ er ee -is er
- ~ ~ G 1~. 1 R - ` y~ - (Seaq
STAiEOf]~K ~~6'L~L<!J {LO7~~l~~ ~ - .
(''~p [
L.i ~7 ~1 '
COU!~TY OF 1~~W ! _ t
Before me ~e~son~'i,~ ap;:~ar<d St@j~tl2il_H • 1'isher _ _ _ a~d ;
~ Sherr~ L2e ~'isher ~ '
_____v_ his •xife, to me ~vell knovrn ard kno•.vn to me to be _
tha ind~v+dua'.s ~.~sc:~b:d ~r~ a:~d v:ho rxec~ted :ne io:ego~ng instr~cnent, a~d ackno:::edgc~d before me that they executed the same for the p~rposes '
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- tFz~e~n exptesssd. And tre s.id____ S~'1E.'YI~(~QE ''isher ~
wiie af the 5a~a _.---______~~p~3L~3 T isher upon a separate and private _
exarr:~na~:on by me tai.en a=parate ar.d ar ar! from hc~ said husband, acknow~edged to and before me that she exetuted said instrument freely and volun-
tarily and r~~thout any COT~U:s~cn, constraint, appreh/e/n-s:o~, or fear of or from her said husbend_ ~y~
_ YJITiv~SS my hanJ ard offic:ol SFr.I th:s~_~.____- day of ~~L'~~" ~ A. D_ 19~L~!;~
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. , ~ ~ ~ ...c>rr;,.: - c
F. . . . . . ~ - .
~ Notary Pubtic in and for the State of florida. a~ ~~rge°. y~'~,
- - , /~Sy Commission expires: ' ' ' ' G~~}~? ~
` Return-io: _ Notory ibbtk. Glyt~+•~~(r'15' 1Q15:.~J'~~-,
' First Federa) Savir;gs ~ Loan Assodat,~n _ ' + Mr ~°~+iO" e*P~~ a~- i ~ = _ - ~
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; - ~ ~'S _ , : ~ _ • ~ ¢ _ - •
~ Of ~ort P:e:ee. - - _ V.L _ - ~
-Y . f • a
`r Fort Pierce. Fic-id~ _
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- . - .~'~.v._ . i~ o.C .
This Instrument Prepared By -J • 1 I;aber ts ~ J r . +1 . - ' `
First Federal Savings & loan Association .
- - of Fort Pierce ~ '=1~rida 33450 -
Checked BY ~ - _ BOOK ~~t~ PAGE ~~69
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