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~ 3. To place and cor,tinuously ~,eep o~i tho bui'.dh~~~ now or I:cra~aftrr e~tuate en sai.! tand an~! on a!1 tquip+i~en1 and personally coverrJ by this morlg•
age, w~th atl premiums Ihercon pa~d in (vil, firo insurancc ~n ihe ~s~at s~~n.l~ai~ p.~'~cy for~n, in a su:n ~HprQ~rrd b~ tha h~ORiGAGtE, and v+indstorm
insurar.ce in ihe usu~l ata~xlard poGry form, i~ a:urn ~pprevrd by +he MURTGnGt'.', in such compjny or tompanies as the h1URTGAGEE may +
direttp ar.d all (ire ir:d w~ndsrorm insu~anc~ po't~ci~•s on a~~y of se~d 6ui;d:~~ys, any In~erest ~Itier~in or parl 1h~reoS, in Ihe a~gregatC sum aforesaid or S
ln excess ~hereof, sh~ll ;ornain thu usval stm~datd n~o:t~anee clausa ot such oiher clous~ as tha 1.1e~lc~aaee may requ~re, mai.ing Ihe icss unde~ sa~d poli• ~ i
Cie3~ tdth dnC~ cvary, f~; y:~b'a to sdid A1l~Ri~if1G~E di iti int~ri•51 moy a}~p^~t, and ea:i~ .:i~e~ evC~y s~cf~ {~Ol:ty SF~ail ~e prOm~~tly ais cjnEtl r~~d delivcrcd t0
any tieid by satd h10RIG:~GEE as further security to ssid ~»ortgage d::6t, and, not !ess ~han ten (1U) d.~.ys i~~ advance of ~ha expi~allo~~ of each pofecy, to da•
livet to said f.10R1;,AGEE a ren~vral thereof, toge~her ~vith a rrcr~pt for the pramiv:i. of such re+~e.v~l; and ti~ere shall bu no (~re or wi~iJato„n insuran<e
plated on any of said buiidings, any iMeiesl therein or part Ihcrcof, ur.!eas in the fonn and with thc loss payable as_ atoresaid; and i~i Ihe event a~~y sum
of money be.omes payabia vnder such potity ot pJGcics Said l,I~O^nTIiAGEE sh_iil havo Ihe~ aplion to receive and ap~!y thc ~dme on acco~nt of Ihe indebted•
nCSS SeCUrCJ heteby er ta pcrmit said 1.tOF1GAGORS lo retcivc and use U or any ~~rl 1f~•~r~~oi tot ~~ti~~~r pur~~oses,•v.~iti~ul th^~~'u~ v:a~+~~~ or „np;•i~' -
ing a~~y eq~~ty, lien or right under or by virwe of Ih~s mcctge~r, ar.d in Ihe event said MORiGAGQRS shill !or any reeson fai) to k~ep 1he sa~d premisas so
insuraJ, ~r fail to d~'ive~ prom~tly any of said F:ol~ci~s of insurance Io said t~10R1GAGEE, or fa~l promptly to pay futly any premium Iherefor o~ in anY ,'r- y
respeu fail to per(orm, d:sch.+rge, execute, effect, con,ptetc, co:r:ply wifh and aoidr by th~s cevena•v, or any p~rt hareof, said h10RTGAGEE rnay place and , i
pay for such insuraiue or any part thcreoi ~vithoul ~v3iviny or affeuin9 any opti~n, li~n, equ~t~, o~_ r:gl~t und.r or tr~ virlue of tl,~s hlorlgage, and Ihe
full amount of cath and e~ery soch paymenl shall 6c i~rmcJiatcly clue .r.d Nayat~!c and shii! bear ir.terist from Ih~ date thercof uiitil paid at tha rate of _
nine p~r c~nt~~n per ar.nve; o~u! to~rthcr v.i~h such inrc~~°er sh.~li hz se:urcd by 1he I;en oI tl~~s morrgage. . '
4. To permit, tommit or su((er no ~vaste, impairn,ent or dc~rriorat~o:i of sa;d prop~rty or any parl therzof. .
5. To pay afl and singul~r ttse cosb, charges and expei~s~s, indudieig a reasonab!e altomey's fee and cosls af abstracls of title, intur~ed or paid at i
any tin:e by s~~d h1QRIGAGfE, because er in ~hc even: cf tha failure on tha part of ~h~ sc+id P~50RTGAGOR to duly, promptly and f~lly per(orr.ti, d~scha~ge.
executr, e(fect, comp!ete, co~»p~y w~th and ~6:dr by e~ch at~d every the stipu!ai~ons, agreements, conditions, and covenan~s of said pror~issory note aiid th~s
morrga9e any or e]the~, +nd sa:d costs, charges and expenses, each and every, sha~l be inuned~ntrly du< and payab!e; whether or not ihere be notice d~
, mand, attempt to cotlect or sui~ pend:~g: and the ful! amount ui each and evary s~ch paymrnl shaU bear int~;eit from Ihe date the~eot until paid at Ihe
• rafe of ninc ~~er c~~n;u~n F,er an~:u:n; .:nc'- aii s~~d cos~s, ci~a:gas a~~.u_~x::enses ir~c~rred o: h,aid, loaethar ~vnh such interest, shall be sec~red by the lien of this
mortgage. _
6. Thal (a) in the even~ of any breacfi of this h:ortgage or deEault on th~ part c( the htORTGAGOR, or (b) in the event any of sa:d sums of money
herein referrad to b~ n~t proatiptly and fully paid wiN~i:~ thlrty (3~ days next a~tcr the samc severa:ly betomc due a~d payable, w~tho~t demard or notice,
ot (c) in tha eveN each and every the slipulalir.ns, a9reements, c~~~d~tions and covenants of sa:d prorn~ssory note and this mortgage any or either are no1
~uly, promptly and f~lty perfurmed, d s_liarg~d• exe;~ted, e{iectec', co~:~p`eted, co~~~pi;ed wi~h and a6~ded `~y, ~hen in e~ther or any such evenl the said ag~
gre~ate su-n mentioned i~i said pro~n~ssory note ~hen te.iiaining unpa~d, with interest aarved, a~~d moncys setured hereby, shatl become due and pay- -
ab•e forthwith, or Ihereaitcr, at the upr~u.i of s.+id MORiGAGiE, as fu!Iy ar:d com~i:eiely as it alf oi Uic sa~d wms of money ;n•ere originalty st~putated
to be pa:d e~~ wd~ dc~, ari~dFing in sa d prcm~ssory note or in this 1.tert~ag•= tu tFe co~~~rary nor:i~~hsranding; ar.d thereupon or tFereaiter a1 the op~ion of ~
said RtiORTGAGEE, withour r.otic~ or ~i_~».,:,~i, suit at law er in eavity, Ihere~ore or thereafter Le~un, rnay be prosecuted as if a11 moneys secured hereby
h3d ~matured grwr to ~IS institution. - '
7_ lhat in the event that at th~ beyinn~ng i,f or al any time pend:ny any.-su~: uj~on tliis Atortgage, or t~ foreclose it, or !o re(orm it, or to enforte
paymem of any da[ms hereund•_r, sa~d .'.1J2T;,Av_~~ sha~l a~~ply to the Cour~ h~•1i~~g ,~r~:d.c~~on !he:cof fcr tha appoiniment of a Receiver, such Co~rl shall "
(crth~virh apE~c~r~t a raieiver of s,iid lr,e;rgay~d prc;.•:rtj a1; and s'.n3ular, ir.c!vJ n9 ~if a~:d s;ngul~r tf,e icceme, protrts, issues a~d re~enues {rom whjtever
source derived, eacn and every of wh~th, it be~r.g .ny~.crssty understCxi, is he.e•L~y r.~o~~aayed as if s~ec~fically set {orth and destrikxd in the granling and _
haba,idum c?auses hereof, and svch Reo=iver shail have ail the bread ar.d cife:tfv~ (unc:•ens a~;d covie~s in anywise entrusted by a Court lo a Receiver, and r
suth appoinlmenr sh~ll be n;ade by such Cowt as a~~ ad~~~ittrd equity ar.d a ~r:attar ef ai.ee:ute right to 3aid A10RTGAGEE, and without reference to tha ~
- adcqu3Cy or inadeyvacy ot the da!ur of !h~ propctty mortgaged or tu thr so~ce+ticy or ~nsoi:ency oF said tdpRiGAGOR or the d=fendaMy, and that. such -
re~~•:, profits, income, issues and revenues shail be a~plied 'uy such Receiver accard~n~ to the lien or equiry of said MORTGAGEE and the practice o( suth
CourL '
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8. io du'y, p~e«~ptiy and fuily periorm, d~sc?~arg~, exe:ute, ef{eu, compfete, co~:,pl~ w~th and abide by each and every thz stipulations, agreements,
conditions end covenants ~n sa~d ~romissory note a:id thfs mortgage s~t forth. -
9. TFat in the ew~t th~ o::r.e:sh:p of ti~e mortgaged pren~ises, or any part tiiereof, 6ecomes vesteJ in a person other than the N.'10RiGAGOR, the
A',ORTGAG:E. its su;cesso•s ar.d ass;3ns, :r.ay, ~vi~hout ncr~ce Tu th_ `,40~iG.•~R, dea'. •.v~:h su:h successor or svcceszor in interest wi~h re~erence to this
ntorlyage and the d_~:~I i.er~by se.ured +n ~he same ma:~ncr as ~•:ith 1.'..rt7agur r~ith.ul in any vloy vit:ating or C~iSthatging the IAortgagors' liability here-
_ under er upon sl,~ d_~bf hereby s~cvred. ~:o sa:•~ of tLe }.~en:~ses hereEy mortgaged ar.d no fwbearance on the ptrt oi tha 110RiGAGEf o~ its successors
~ or asz:gns and n, extens:on of the t~:n: for th ~_p~yn•er.t i~S U,~ d~l~t hrreby sec~red given hy the h10R:GAGEE or its successors or assigns, ahall operate
to re!cose, d:scharge, mod~fy cnarge or ai#ecr thc or:g:na: liatr!:ty of ~he-(:.C~:iG:>Gt7k herein, either in whole or in part. -
!0. It is 3pzc~ficai;y z~grred rhet t~~ne is et tt.-~ essen:e~ of ~h:s co•~traa and that no waiver of any ob7~garion hereunder or of the obligation se-
tured hareby shalt as an~ tin:•_ therea{ter be hetd to b•: a waivzr of thc !errna Fereoi or oi ~he ins:rumeM secored herby. -
1l. Iri ;ciJ ~:o~ to the inregeli:3 •,~cn~h''! ~;a~n,_n!s of p~inc {:a! .nd i~~!eresf reau~:c~ 6~ ~he ;=•^ry no!e securzd he~.,`_,: ^--ortgagor eovenanTS t
and a rces~tb ~a•~ to r:c•:g~_,_e ~..~~i~ each n.e,:=t,'.. e~~~ ;n ~dcif~'son;~ su:~~ cst:~::.red t: ~~-crs e~ t~ e val !0 1;'12 of the a~~.:~~e? cost of the follow- 3
9 r> r.• i' i 9'-9 9
i:ia:
A-AIY rea! prop^•ty tax~3 favied or assesi;=; ag.~i•:sf th<_ a~cve describec: re31 es~~~e. - - • . -
6-Pr?~^.~u~-~z cn f~re ard w~.^.dstc:~r ~r.s.,!s: ce a~ i:t~e~n req~~;+^d to bc carr:rJ c:: th^ :m~roveme ~ts si!uate on th~ above d_sc.ibed premises.
C-Ptc~ni~c•s o:i wch moc!g;ae ~Ud!3Rty lrsuracce as :no:tgar,ee shail~f~o.^.: i•~^n to time d=ein fit to carry on the loan setured hereby. ~
~J!ortgagee sha'i !ra;n ti~,:e to ti:r.e norify n:aitg;g~. ~r. v.rit ng o{ th: amou~~t d::_ ard payabte hereunder and such sum shall ihereupon be due and ~
p3yah+e on ihc d~e d, r~ of th•~ r.ex! ~~:cnt^:y p;y:eer.t ar.d esu~ suaessive :r.o~,~h thereafte: untif mcrtgagee shal~ r.otefy mortyaycr of a change in such '
ameu~t, Svci~ s~~^.~s shaN ':e app!~ed 'oy ~7iortgag-re fo::a•d tiie payme~t of real preF=rty texes, insvranca prem:ums, a~~d mortgage gu~ranty insurance ~
premiums.
11i \'JIItdESS LVHERtOF, r.:e sa~d A'~ORTGAGOR has hereu~ito set his h~nd ar,d sc•ai the day ~ year first aforesaid.
igne Sez!ed -•zd dc 'vered in the presence ofc 7 )
~~-~-~_i-~ - z~-~~! F~icu -~:r~:~uFr,`. ~~-~~~L-s~~~d'~L-~~~an ;
_ . i" - ST.l.tlr.:_ v 1Uh7r FtA. L McCorts :
~ (Seaq
~ - - - FtOi>Y_ , r ~i}Tf y~s ` j . . :
~Lt ~ F . . " i C: :1RT C,1' = ~tLt Lv_~ ' ~~1 (Seaq ;
. - ~:"f=• Charles a. McCorts ~ . .
- (Seaq
STATE OF FLORIDA ~'1atS11 L .
' COS;NiY OF -,__~5~~_jdl~~~ ~ a ~ . ~Lii7~~~
~I eeiore me p=_rscna!i~ app~a.ed _ C~1_~~~~$_ A~ F1~C0~~.`'~__ , and -
I _ _ __~3~QZ~T1'1__I!_z Me~4r~s_-_~- h,s vrife, to me •.vetl knovrn ar.d kn~•,vn to me to be ~
the irdividua~s desc:~t_•d in a~d •:~ho e,cecuscd th•~ icregoi~,3 ~nstru-r:ent, and ackrov:;edc~ed 6=fore me that they execu~ed the s~me tor the purposes
there~n ex, resz~d. And th~ :3~a___-_ - Jacolvn McCorts _
=wife of th~ S~:d -Charle~ A. McCorts , upon a separatQ and private , i
examEnat~on by me taken separate and apart from her said husband, atknovrtedged to and before me that she executed- said instrument (reely and volun- ;
tarily and w:rhoui any cempufs~on, ccns!+a~r.t, app:ehens:en, or fear of er from her sa~d husband. _ '
V11ii:E55 my hand ar.d ofiiciai seat this_ day of ~ A. D. 1G 75
. ~ - Notary Public in and the State f ftbrida large
- - fiy Commission expires: ' ' _ {a _
Retum To: n~ -
first Federal Saviros & Loan Associat~on _ , : y.;I~ ~
Of ~o:t P:~:te _ . - ' i~: '`~i?'x
~ Fc'ri Pierce. Flcrid3 - ` :i~, 3
, , . _ ~~~V~ _ i- 1 • ,~~~~~i~'}, ~ . ~
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- _ . . ,r ; C i , ~ ' _ t
This Instrument Prepared By Jahn w. Collins _.r.,;~ ya~ ~
_ First Federal Savings 8 Loan Association - ~ ~-'-y ~ _ E
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of Fort Pierce , Florida 33450 . - ~L ~i~.,,' 11$ L i. ~ ~
^ ~:T -y ~ . ' ~ 9'• ' . . " F
' - lfA . r ` ~
- i~ 'n-• ~~I~1~~~ i t t - i
Checked EiY ~ U R F~;:;i~.,• . #
60t;X y. -
~39 ~~24~ ;
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