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3. To pl~co and cor~tlnvously keep on ~he L-u~!di,igs rww or he~eattar •~Iuste on said lend and on ali e~ufpment and personally covered by Ihis mortg• f
ege, with all promiums thereon paid. in full, (ira in:urancu ~n the ~~suat srando[d {~o~~cy fu~m, i~ a sum appioved by fhe MORIGAGEE, and vrindstorm ~
Insurance in tha usual s~andard pol;ty form, in a our~ approred by ihe MORTGnGEF., in such conipa~.y or compani~s ai tha h10RiGAGEE may i
d(retl.: artd nll (ire and wtnd,torm inswance ~elicies on env uf said bvild~n~s, ar~• Intetasl Iherein Gt pa~t thereaf, in tht aggregjte tum aforesald ot !
(n axtess ~he~eof, shall co~~tain the usual s~andarJ rnorrganaa clausa or wch OIFIC~ C~>v39 as the Mortqa~ea may require, making the loss unde~ said poli- !
ties, each and evrry, payable to sa~d A10RiGAGEE as ~ts inte~est may appear, ar,d e~ch 7nJ every tuth poticy shaU be promp~ly ass:gr,eJ a~~d det~vered ~o ~
~ny held by said h50RTGAGEE as furthur secur:ty to s~id mortgaga debt, and, not less than te•e (10) dayt in advance of the oxpiration oi each policy, to da-
liver 1o said A10RTGAGEE a renewal thereof, to~eiher ~vith a receipi for the premium o( wch renewal; end there shall be ~o iire or winda~or~n insuta~ce ~
placed on any of said buildings, any iMeresl lhcratn ot par~ lhereo(, unless tn ~h~ (crm and wiih ti,e ~oss payable as aforesaid; and in ~he ~vent any 'sum
of money becomes payabla undcr such policy or pal~cies said MORTGAGEE ehall have the option to receivo and appty the samo on actounl of Ihe lndebted-
ness secured hrreby or to permit said 1.10RTGAGORS to rete~ve and uae it or any part Il~er.ol (or oti,cr p~rs~oses, .vlthoul Ih~•rb~ v~a~~~~i3 or i'npa~'• ~
ing ar.y equity, Iien a rig?~t undar or ~y virtue oi Ihis mo:'gage; and in ~he eeent sa~d AiU~iGAlil~lt~ shali ior any re~son iail ia kee~ ~iiv saici p~eiiii;ei ia ~
[nsured, or fait to dclivcr promptly dny of said pol~cies of insuranta to said 1.10RTGAGEE, or fail promplly to pay fully any premium the~efor or in any
~espect (aii to pa~torm, dlstharge, execuia, effect, complet~, comply wi~h and abide hy ~hls cove~wnt, or any p.~rt hareof, sa1J hSGRTGP.GEE may ~laca and
pay for suth inwrance or any pari thercof without waiving or atfeding any option, lien, eqvity, or tigh? under cr by virtue of ~his Mortgage, and the
ful! amount oF each and every such paynunt shall be imn:ediately due and payabla and shall bear inleres? irom th3 dat@ thereof un~il paid at the rate ol ;
nine per tentum per annwn and In~eth~r ~vith such interest sha11 t;e secured L•y the lien o~ this morlgage. .
4. io permif, tommit or wffer no waste, impairment or detericrat~on ot said }~rop~rty or any part thereof. ~
S. Tv pay all and singuiar the cos?s, charges and expenies, including a reasonable a~torney's fee and <osti of abslracls of titls, inc~rred or paid al
any time by sa~d AtORTGAGEE, because o~ in the evanl of th~ failure on the pa~l of the said h10RTGAGOR to duty, prompdy and (utly perlorm, d~scharge. ,
execute, effctt, cemplete, comply with and ab;de by each and evt:y Iho stipulations, agreameNS, tonditions, and cu~enants oi said pco:nissory note and ~hit
mortgaga any or either, and 13iCI ces~s, charges and expenses, each and every, ahall be immediately due and payabie; whether or. not thrre be notice dr
mand~_att~mpt ta cotlect or suit pend~ng; and the futl amoum of each and every ~~ch paymem shali bea~ inte~es~ (rom Ihe date IPereof vntil pai~ at the
rale oi niae pCr centum per annur~~; and all said costs, charges and cxF~nses ~nNrred or paid, togethor ~vith s~th interest, shall bt secured by the (ien of this -
_ mortgaga.
6. ThaT ;a) in Ihe eve~t of any breach o( this l~lor~c~aga or dafault on ths part of the h10RTGAGC2, or (b) ln the event a-'/ of said wms of mon$y
herein ~eferred to be not promptly and fulfy ~aid wi~h?n thlrty {3~) days craxt aftar the same severatly become due and payable, without demand or notice,
ot (t) in tha event cath and every the stiputations, agree~nents, tonditions and covenants of said promissory ~ote and this mortflage any or either are nol
july, ptomptly and fulty performed, d~scharged, executed, effe.ted, canp!etecl, complied wilii and ablded `~y, then in either or any sutfi event the said ag . -
gregate wm mentioned in said prom~ssory r.ote then reuiaining unpaid, wi~h interest accived, and atl moneys secwed hereby, shall become due and pay~
ab'e for~hwith, or thereafter, at the cptlon of said h10RTGAGEE, as (ully anJ cornpletely as if all of the said s~mF of money were originally stipulated
to be paid on such day, anything in sa:d pro:~issary note cr in this hloitgage to ~hr tont~ary notwiths~andi~:g; and Ihereupon or thereafter al the option of •
' said MORTGAGEE, ~v~~hou1 not~ce o~ demand, suit at la~v or in equity, therefore or thereafter begun, may be prosecuted as ii all moneys secured hereby
had matured prior to ~ts institution. _
~ 7. That in the event that at the beqinnFng uf or at any time pending any suit upon Ibis Morfgage, ot to foredose it, or to reform it, or to enfartc
payment of any claims hereunder, said MO4IGr\G,F shait appty to the C~urt having ~uriscGction Ihereof for the a,^.pointment of a Receiver, such Cour1 shatl -
for)hwith appainl. a receivet of said morlc~aged prcperty a:l a~d singular, incl~d~ng ail and singular the income, profits, isstres and rerenues from whatever '
source derived, each and every of wh~ch, it be~rg expressly underslood, is hereby mortgaged as if specifically set forth a~d described in tho granting and
habendum ciauses hereof, and such Receiver shaH have all the bread and eFfcct:ve fur.ct•ons and pov.ers ~r anywise ent:usted by a Gourt to a Receiver, and
s~ch appoir~ nent shall be made by such Court as an admirted equity and a mai~er oi absoluia ric~ht to said A50RTGAGfE, and withouf reference to the
t adequacy or inadeqvacy of t{:e value oi the property mortgaged or to the setven_~ or insoive~cy of said MORTGAGOR or the defendants, and that such -
rents, p:oiits, income, issues and revenues shall be appt~ed by iuch Reeeiver aciard:~~g to the lien or equity of said IAORTGAGEE and the practice of such
Coutt. - -
E 8. To duty, promptiy and fully periorm, dtscha.g~, execure, effect, comptete, cen;ply wi~h and abide by etch and every the stipula~ions, agreements.
i eonditions and covenants ~n sa~J promissory nore a~id this morrga3e set forth. _
9. That in tha ever.t the owneisl~~p of the mortgaged prem~ses, or~ny part thereol, Eecomes vested in a person other than the MORTGAGOR, the
NORTGAGEE, its svccessors aru assigns, ~»ay, .v~ihout noti<e to the b'.ORTGr:OR, deal v.~~h wch succesdor or svccessor in interest with reference to this
i ~mortgage and the deb~ hercby secured i~ Ihr same manner as with 1.lortgagor w~~heut in any .vay vitiating or d~scharging the 111ortgagors' liability here-
' under or v~:on the dzbt her~by secured. t~:o sa!~ of ehe premisei hrreby mortgaged ar.d no torbeara~ue on the part of the MORTGAGEE or its successors
; or assigns and r.o extens~on of rhe rime for the paymem of tf~e deut he~e6y secwed givcn by ~he I1tORTGAGEE or its successors or ass~gns, sfiall operate
to release, discharge, modify char.ge or affect the origir~at IiaL•~Lty of the MORTGAGOR herein, either in whale or in part.
1 10. It is ~pec;ficaliy agreed thzt ti,ne is of the essence of this contract and that no waiver of any o~Ggation hereunder or of the obligation se-
tured hereby shal! at any time thercafter ~e he:d to be a waiver of the lerms hereof or of the in~trument secured herby. '
; - i i: in ad:i:T:o~ ?o ti,e (arege'r.g mor.thly paym=n~s of pri:~c pal ard ~nteres+ requ~red by th~ prom~ssory no!e sctvred hereby, mortgagar covznants
and agrees to aay ro m.octgagee v.ith each monthP~ payr:~ene an add~rional sum esli~~:ated by morlqagee to be eqvai to 1% 12 of the 3nnual tosf of the follow-
; ing: -
y
~ A-All teal property ta,ces !e•?+ed or assesseci ag~i~ist the above describ:-d r~al estate.
~ . . .
~ ' 6-Prem~ums on fire artd ~r~ir,dstorm ~nsurar.ce a> herem reqo,r~d to be carried o~t the improvemtats s~tvate on the above described premises.
C-Premiua•s e~ suct~ n;u~tqaqe guarjnty ir.surar.ce as mortga-yee shali frcm f'me to time deem fit to carry on the loan secured hereby.
A'!ortgagee sha't frc:n t~~r.e to t;r,e noiity mortgager ~n v~r~t~ng of the an:ount ~lve and payable he?eunder and such su:n shall thereupon be due and
Fayable on the due date of the ~~e,ct month:y p~ymeni and each euccessive month tF.ereait~r urtil martgagee shall notify mortga~or of, a change in such -
t aT~ount. Such sums shailta app!ied by n:orlgagee toa:arrj the payment oi real property taxes, insurente prem~ums, and morlgage guaranty insurance
t p~emiums. - .
~ IiJ ~'~ITPiE55 :'~NFREOF, the sa~d I1.ORTGAGOF: has hcreunto set his A~nd and seal the day and year firsl fcresaid_
{ _ Signed, Sea!ed and delivered in the presence oj: f ~
; - - ~~F s~~ {Seal) _
~ 1' ~CEfi ~~S - (5ea1)
.~.s_ c~ 1~ Trir. ~
~ - - ~ REL"~f~0 Y~RlF/~~ -(Seal) -
# . - - ~N~d f~ 8 k~ ~ ~ - ~ : _ cs~a~, -
~ STATE OF FIORIDA . _
~ _ 3iMs~ .
courarr cr _ St . Luci~ _ .
~ Before me perso;ial,y apYezred red~ric~ I~facia2 M• and -
~ i~tartha A. ?~taci.a
_ _ his wife, to me well known ar.d known to me to be
~ the ind~viduafs desuibed in and who executed the foregoing instrument, and acknowledged before me thal they executed the same for the ~vrposes .
tnerein expressed. And the ~a~a 1+Sartha ~~aC1d -
~ ~,ife of thp saia = rederico A. ~1c3Cld~ D. vpon a separate and private
examination by rr,e taken separate and apart from her said husband, acknowle~ged fo and before me that she executed said instrumeN freely and volurn
iarily and wi?hout any cc-puls~on, conskaint, apprehens:on r lear ef or from her..sai sband.
~ l"JITNE55 my hand ar.d offic~al seal this_ ~d ~ day of A. D. 19 7S
~ . -
i - - ~,ti1''YY'~
. Notary Public in artd for e State of Florida at Large '
j ~ My Commission expire~ - ~ .
E . . Retum To: . _
t- First Federal Savings b loan ASS`JCid}iOn - ~.n. ~~•:•jt!^ c.•-~ re rr`^~r; af !i+~::E
; - Of Fart P;erce. if ~~ii _ . 7. 1 i
FOfi Pi2lCC. f~Ofi/~d _ - - .utu. Uf .hi~~.~~~u,~ 5~:+~~n~la ~it~.ai.:of1C4 l.0 ~ • I '
~ ~ - ~ ~ - ~ ~ - ~ ' t, y r `'~•f`~~ ~ .
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. " : 'Z~at: .-'~f.~,'.~~v:
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t inis ins~rur~ierii rre dICQ o S~~_~~ , f~
V } ' ~ ~ y Kici~ard tC. Kayes - " V ~
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' First Federal Savin s& loan Association =~•e••''`=`.
` of Fort Pierce ~ rlorida U R ~n - . ; ~ • - ~ ~c ~
_ . _ BOOK ~'~V PACE1~~O ' ~ • ~ ~ ~
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Checked By~~s- - ~ . 1i ~ . ;
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