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3. To piata and comtnuousiy kecp on 1he buitdinc~s now o~ hereaher siruatc on said lond and on a!i ~quipm•:nl and personally covereJ by this morig-
bge, with all premiums thFrron paid in (ull, firo insurenca in )he usu~t sta~xlard poticy form, ir, e sum a~~provtd by ihc MGRiGAGEE, and windstotm
insvrance i~ the usval standard pol~cy iorn,, in a:um approved by ~he A1a~TGAGEE, in such company or companies as tha MORiGAGEE may
dirett; and all (ire and windstorm insurance po!icirs on any of said iwiid,n~s, any iMbresl tE~erein ai parl thereoi, in the aygregato sum efor}~aid or
In excess Ihrrvof, sl~ail contai~ tha usval standarJ mo~tg3gee ciause-or such other deuso as the hlorigayee may requ+re, meAing Ihe tos~ unJrr s.~id poli-
eies, each and every, payabtu to said h1t,RTGAGfE as its im~rest may appear, an~t ea~l~ and evcry s~ch poi~cy s6a11 br premptly ass g~«d and dcl~vereJ ~o
any held by said A10RiGAGEE as furihe~ security to said mort~aga deb~, an.~, not tess ~fian ~en ~10) diys in aJ+anco of ihe rxpiral~o~~ of each policy, to de• . ~
liver to said A10RTGAGfE a;enzwal thereof, legeiher with a rece~pt for Iha prem~um of such renewal; ancl ~here sl:all be nu lire or windsto~rn insurance ~
placed on any uf said buildings, any intcrest therein or parl the~euf, unlcse in the form anJ with the ioss payablc as atoresaiJ; and in Ihe eveM any sum
of r.ioney becomes paya6le under such policy or pol'rcies said IAORTGA~FE sh~U have thQ option la receive and apply tha same on acco~n~ of the ind_bted• !
ness secureci hareby or ro perm~t s~;d 1,10RTGAGORS 1o rece~r•a and use it o~ any pa:t ~h~r~~ol Ic,r oih~•r pur~~oses, ~v~+h~~t ih~~~ i~r ii+~~,~ 4r ~~upair• ~
ing ar.y equity, Ifen or ri9h1 under or by virwa of this mor'gage; and in the event sald MORTGl1C•ORS shatl for any reason fail to keep ~he sa~d preinises so
fnsured, or fail to daliver promp~ly any of s-~~d pofcies o( ins~rance lo said l.1pRTGAGEE, or (ail promptly to pay fully any premium therefor or in any ~ i
' respect fail to perforrn, :i~scharge, exetuta, effect, complet~, comply with end abide by this cov~nant, or any p~r1 hareof, said MORTGAGEE may place and
pay (or such insurance or ai~y parl thzreof wfthout ~vaiving or affe:l~nfl :.ny o~tion, lien, equlty, or rigFit ~~der or by virtue oF this Morrgage, and the '
full amount of each and ecery such paymeM sh~l~ be immediately due and payab!e anJ shall b~ar interest irom tha date thereof until paid at the rate oi !
nine pet centum per arnun~ and to~rther :vith su;i~ int~r~•s~ shall secured by the lien of this mortgage. . ;
y P' (
A. 1o pPrmit, commit or sutfer r.o wasta, impair+nent ot dzterioratio:~ of said property or any pa~t thereof.
_ S. To pay all and singular tlie cosls, thsrges and axpenses, inc•.uding a rea:onab!o attorney's (ee and <osls of abslracts of title, incurred or paid a1 s
i
any time by ^~id h10R1GAG:E, because or in Ihe event of the fallure on ihe part of the said h10P.TGAGOR to duly, promptly ar.d fully perfo~m, d~scharge. (
exetvte, effec:, • plete, wmply wi~h and ab:de by each and zvery the stipulat~ons, a~re•_ments, condi~ions, and covenants o( said pro~nissory note ar,d this
mortgage any o~ ei~her, and sa~d costs, cherges and expenses, each and every, shall 6e immediately due and payaole; ~vhether or ~ot there be notite dr
mand, attempt lo cotlett or wil pending; and the (u~l amount of each and cvr•ry wch payment shal( bear inte~est from the date the~eof until paid at the c
rate a~ ~+~e per cent~+n pc: ar,~~u~~; and afi seid ccsis, char~ei and cxptnses inw:red or paid, toyrther with such interest, shall ba secured by the lien of tnit }
mortgage. ~ _ j
6. That (a) tn the event of ~ny breach of this Mortgage or default on tt~e parl of the MORTGAGOR, ur ;b) in !he event any oi sa;d surr~s of money ~
herein referred to bc not promptl~ and (utly paid v+~t~~~n ~h'uty (30) days nex~ a~ter the same se•rrra!ly become due a~d payable, withovt demand or ~otite,
or {c) in the event eath and every the st~pulations, a~rzements, condisions and covenants of satJ promissory nale ard this mortgage any or e~ther are not =
~vly, pro~~ptly and fully per(o~med, d s:harged, raecvted, etfected, co<np~eted, comp!~ed v.~ith aiid abidad tiy, then in either or any such eyent ~he said ag~ ~
gree~ate wm meroiuned in said prom~ssory note 1he~ remaining vnpa~d, with ineerest actwed, and aH moneys secured hereby, shall become dve and pay
aSle iorlhwith, or thereaft~~r, at thc opr~on of said MORiGAGEE, as fuUy a~ _comNlefely es ii a!I of the said sums of money were originally siipulzted ~
to be paid on sucn day, anylhiny in ziJ prom~ssory note or in this Glortgag; to the contrary not•.vithstandir.g; and Ihereupon or thereafter at the option o(,
said MORTGAGfE, without notice or de~nand, su~t at law o~ in equity, there{ore o: Ihereaiter begun, may be prosecuted as if a!I monevs secured hereby
had matured pr~or ro iis inst:t~tion. -
7. That in the event that et the beginning uf or at any time pendirg any su+t upon this h!ortgage, or to foretlase it, or io refcrm if, o? to enforte
payment of any c!a~ms hcreurdec, siid IAORTGAGEE sha'I apply to the Court ha~~ir:g jurf:d:u~on ~he~eof for the appointmeN of a keceiver, such Court shall ~
forthwith appoi.it ~ re;eiver of said rr.ortgnc~ed prope:h/ all ar.~ sin~~dar, ir.ctud:r.g atl and singu~ar the income, pro(its, issues and revenuee from whate~er #
source da:ived, each and every c( wh;ch, i~ t~e~ny e~cp:essiy undersluecl, is ~er_b~ n~or~gaged as if speufically set fonh and describrd in the graming and ~
habendum dauses herof, a~~d such Receiver shall have all thc broad and ef(edive funct+ons and po=vers in anywise entrusted by a Court to"a Reteiver, and
iuch appoi~tmen~ sh31f be made by such Court as an admiried equlty and a r.:atrer oi absolute right to said A50RTGAGrE, and without reference to the
adeauacy or inadeqvacy of the value of the property mo~tga9ed or to iha so:vency or ~nsolvency o( sa~d MORiGAGUR a the defandants, and th~t such
tentt, prr.fils, into~n~, issuss and rever.~es sna11 be aypl;ed by su:h Racciver ac<u:d~e.g to the lien or equity of Said h1C3RTGAGEE and fhe pracKce Of SuCh
~ourt. - -
8. To du!y, pron:ptiy and fu:(y perform, discharge, execufe, effeU, complete, ca:~ply viith and abide by each and every the stipuiations, agreements, ~
conditlons and covenanis ~n sa~d promissory note ar.d th:s mortga;e srt iorth. -
_ 9. That in ?he ~rer,t the owr,~~rsh~p o( sh~. :no;tyaged pren,ises. cr any part Ihcreof, becomes vested in a person other fhan the MORTGAGOR, the ~
- MORTGAGEE, its su~<<•ssors ard assigns, rnay, ~vi~hovt notice to the :1vRiGAOR, deal vvith such suttessor or Successor in interest with reference to this
mortgage a~d the d;Ut hereby secured in ~he same r,:anner as w+~h ~.5o:tg~gnr 1Y~7~lOU~ in a:,y way viGa~ing w d~scharginfl the /Aartgagors' Gabil~ty here- . 6
under m u~.n the debt hcrrb~ secured. ho s~:z of tt~e Fren:ises hereby mortgaged and no forbearance on Ihe part of the LIORTGAGEE or its successots {
or atsi9ns and no exrrns~o~ of the tima tar tf~e paymem of ti~e deb± hereby secured given by the MORTGAGEE or its successors or assigns, ahalt operate ~
fo re!ease, d~scharge, mod~fy cha~ge or 'a'feu the or~g::iai liab:;~tp of th~ 1:,ORi~AGOR herein, either in who!e or in part: i
,
10. It is spec+i~cally ~greed that time is oi the essence ol this c~nrrac~ and that no waiver of any abl~gat~on hereunder or of the obligat%on t~
curad hareby sha:~ at any tia;e thereafter be hc!d to be a waiver of the !erms hereof or of the instrument secu:ed herby. .
11. In adJ~tio.~ to the (orego"«q ~~:onth!~ paymants ef prenc'pat and inTerest required by the prem~ssory ~no!e secured hereby, mortgagor covenants
and agr=es lo pay to r;o:tgecee v:i:h ea.h ~acr.rh'~ pa~:aen1 a~ add~;~~nat s~::, ev::,,~~ed by mortgagez to be eqval to 1/12 of the annual coat of the follow- ~ !
_ ~~9= ~
A=Ait real propr±rty taxa: {evied or ass^ssed ayai~~st the aF.~ve desvi~•zd r~al est~te. . ~
• B-Prem.~oms e~ fire and viinds±orm ~r.sura~•ce as herein rqv~red fo be tarried on the emprovements sitvate on the above described premises.
C.Premiums o.~ such mortgag> gurranty ir.wre~:te ~s n.artgagee shall from t,me to tirne deem fit to catry on the loan secured hereby.
_hlortgagec shail frcm tin:e to t~:,;e noti{y mortgagor ~n writ:ng of the ar„o:mt due a~d payable hereundzr and suth su~i shall thereupon be due and
payab!e on the due dat> oi :he ~~ext n-o~thiy paym.e~u and each successive mor.th thereaiter uftil mortgagee shall notify mor~gagor of a change in such ~
amounL Such swr.s sha!I be app~ied by mor!q~yee ro::ard-the paymant of real oroperty taxes, insutance pre.m:ums, and mortga~p guaraniy insurante
_ premiums.
~ IN Y:ITNE55 V.'H`_P,EOf, tn~ said Y.ORTCAGOR has h<_reu~to set his hand and sea! t6e day and year first a(oresaid. -
~ / ~ S;gned; Seated ~'nd !i. red in the pressnce of: - ~9 / '~a ~ ~ -C-Cn~
. ~ ~ ~
i~lEO ANO RECOR~EC ,L~ 2/ (~a1) ~
g.LUC1E CGUMSY chard D. Ielbes
~ AOOER POITRAS ° ~ (se,q °
' ~r y CI.EP.K C1RGU~j CQURt ~ - 2.c~c E~ ;
~ RECOR~ 1~ER~F~EO.~•~~-~" ~an
' . _ , oann l~elbes, his tvlfe (SeaJ) }
f~ ll~
STAiE OF ~ ~ ~ i
~j
~Nl'O~'1l ~
CGUNTY 0= ---~+-.~t' 1 " -
Before me persorali~ appeared ~C}Tc'IZC~ C. :':e~.~CS and ~
.IQc~I71'1- ~~.~'-S.'-1~-~25.'S his wife, t~ me well kno~vn and known to.me to be
the ind~viduals d?scribed in and v:ho executed the foreaoing instrument, and acknowiedged be{ore m~ that they- executed the same for the purpeses
therein expressed: And ihe saio. Tn~1?n c~ (del hes
- wife of ~h> aaid - n1Chc~7Cd D. !,?elbes ~ a~i~~a~tq~~ndprlyste
esam:nation by me ~dRi71 secarate and apart frem hcr said husbar,d, acknowledged to and before me ihat she executed said ins1tJ~„~fied~,~nd; vplun- .
tarily and w~thout any tomp~!siun, constraint, apprehens~an, or fear of or fram her said usban~. 5~~~~~~ . r' •
. I ~
Y/1TNE55 my hand and offiual seat ihis__ day of- - o ~,A. D.`;~~
- _ _ . ~ ? ~
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• - Notary P ic ' . f St~e~f.' s - . , -
~w?~?-~~-~ - • - -
. Mx Co . m~s on ex~ires: ~ ~ " ~ ~ _i_ _
Retvrn Ta: ~ 9~ . `~jt~i f:. : ;
3e -~d _ . s . ,
first Federal Savings ~ loan Associjt~on _ , ~
O( fort P:erce _ . • • ~}=~.~N~~••'`V ,~i
~ ?\ti"
~ fo.t P~crce. Florida _ ' 1 p
_ 'r = ~
- . _
This Instrument Prepared By J, ~Tal ~dberts~ 1x.
First Feder3l Savings 8~ Loan Associat~on
of Fort Pierce
~ Checked B ~ - $00~~~ ~+i.L
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