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3. To plece and ionlinuously ke~p c- :t~a Gu~!dingl now or hereattrr eiluate on s~~~l land and on all cquipment and personslly covered by Ihis mortg-
ege, with ail premlun~s thereon pa~d !n full, lue d~;:;ranc~ ~n ih~ usual etaixl~~d po!fcy farm, in a sum appr:..:d by t`; 'AOR~GAGEE, a~~d vvindstorm
insuranca in ~ha uswl itanda~d pol;cy to~m, in a au~n approved by thr M~RTGnGEE, in su<h company or compa~les as fhe h1UR:GAGEE may
dirett; ana al) (ire acd wi~idstcr~n insur~nce politirs on any of se~d bui~d,ngs, any iMere~t thc~ein or part ?hcrroi, in Ihe aggr~gate sam afo~esaid or
(n excess ihareof, st,r.l ;ontain the usual standard mortg~c~rc ciausa or such o+her c~iuso as the A1ort~agee may requ~re, maling Ihe loss vnda~ said poll- '
cies, each and evcry, payab!a to saiJ ~\1pRfGAGFE as ~ts in~~rrsl may appear, a~~d rath and every such poGcy s!~all be p~omplly assg~~ed and dr~ive~ed ~o ~
ar.y held Ly sa~d ~.10RTGAGEE as fur~h~r security to said mortgage debt, and, ~ot less tF~an ~en (10) days in advence of ihe expiration ol each pol~cy, to da• }
' li~cz to said A10RfGAGfE a rene~ti•~1 ~hercof, to~ethat wi~h a rrte~pt (or the prrmiurri o( such renev:a~; and Ihere shalf ba no f~re cr v+indstorm insutante ' ~
placed on a~y of said buitJir.ys, any interesl the~e~n or part thercof, unlrss in ihc fonu and wilh the loss payable a: atoretaid; ancJ in Ihe event any svm
of money becomes payab!e unu':r such policy or pol~cios said h10RTGAGEE shr.U t~ve ~hu option to reo:ive and apply Ihe same o~ acc~unt o( the indabted• ~
ness secured hareby or to perrni~ sjid tAORiGAGOttS to mcrivr and use ~t ar any ~,art ihemof for oti~~r p~rl~osrs, v.~ihcut ih:~eo~ .val+~~~~ or enpair-
ing any equily, licn or ~iyht under or by virlue o! tlii~ mor!gagc; and in Ihe evenl said A10R1GAGOR$ sh~U for any reason fail to keep the said premi~as so '
insur~d, or tail to dcGvc~ ~~rO~nplly d~y of said poi~u.s of inwra~~ce to seid h10ATGAGEE, or fait prom~~tly to p~y f~:ly any premiurn t{,crcic~ ur in any ,
respect tail to perform, ~~scharge, execute, ei(ett, c~rnN;r~c, co:nply wi~h and ab~da by Ihis tovenant, or any p~~t hvreo(, said /AORTGAGEE ma~ place a~d
pay fo~ such insurance or any part thereof ~v~thout ~v3iving or affec~ing any option, lien, equity, or ri9h? u~:J~r or by virtue oi this N1or?gagr, and the ~
iul) amount ol eath and e~ery wch paymrnt shall t~ i~nmediate~y d~ie and payabt~ a~~J shall bear imcr~st (rom tho data thercof until pa~d at the rata ol '
nine per c~nw~n p~:~ annu,n an:l ~o~,~h:•~ w~~h ev<h h:t..esr shail t~e sewred by ttie I.~n of thls mortc~age. ~
4. To permi?, commil or suffer n~ xaste, impairment or detariorat~on of aaid property or any pa~t thereof, . •
5. To pay all and sin9~lar the coiti, cha~ges ar.d er.penses, indvding a reasonab!e anorney's fee and cosls of abstrads of li11e, inc~rred or pai~ at
any ti~ne by sa~d h10RIGAG:E, because or ~n the event of the laifur~ pn the part of ~he ;aid A10RiGAGOR to duty, promptly and (ully pe~form, d~scharge
execute, efteu, complete, <omply w~rh ar.d aF,:de by ea<h ar.d every the stipulannns, agreem.nts, conditions, and covenants of sa~d promiisory note and thii
rt.ortyage any or eifhcr, ar.d sa:J ccsti; charges a~~:! expenses, each a~~d every, shaC ba immediatety due and payable; whether_ or ~ot there be notice dr
mand, atrempt to collecl or wit pend~ng; and th: fuil amount cf each and every such p*.yn:z:n1 shall bear intcrest Irom Ihe date thereof vntil paid at Ihe
?ate oF n~ne per cent~m E;er dll~l'J'i1j an~: ~il saiJ c~s+s, char~es and cxpenses i~xuned or pa~d, together ~vah such inrerest, shall be sawred by the lien of this
mortgage.
b. That (a) in thc ev~nt of any brea~h of th~s !.1crlgaye or deFault on tha psrl of thc 1~tORTGtiGUR, or (b) in the evenl any of said sums of money
herein referrad ta be net promptty and fully paid ~•:ithin Ih.:ty (3il) days n?xt after the sa,ne severalty becom~ due and payable, without demand or notice,
or !c) in the event each a:id every the-stipuj::ticns, agr?ements, cor.ditiens and'caienants oI sa:d promissory note and thls mortgage any or either are nof
~uly, promptiy and futiy perfo~~ned, d scharg_d, e~ec~!ed. rf.'ected, completed, compGed w~fh and ab~dcd hy, lhen in e~~her or any such event the said ag-
qregata sum mentio:ied in sa~d pro~r.;ssory nute tnen remaining unpaid, with inte~est auru;:d, and all moneys secured hereby, shall become due and pay- ~
ab~e (orthwit}:, ot Ihere3iter, at Ihe_o~noi of s~:J ~.tORiGAGEE, as fulfy and completety as i( all of ~he said sums of money were originally st~pulated ~
to be pa~d on such d.:y, r.ny~hing in s.~:d pro~~i~ssory ncte or in this 1.lortgag~ to. th: contrary not,vithstandiny; and thereupon Or thereaiter at the option of -
said A'.ORTGAGEE, wiiheut ro+~co or dema~:ei, s;nt at law er ~n eqvity, ihcrcfore or therc'aftcr Ucgun, n~ay be prosecuted as if all moneys secured hzttby ~
had marureJ prior to ~ti in5titution. ~
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_ 7. 7hat in the event that at thz beginn:ng of or at any t~~ma pending a~y su:t vpon ~his l.lortc~age, or to foreclose i/, or to reform if, or to enforce
payment of any cialrr~s hereur.der, s~id 1:lORTG~+G'_f shall ap~.ly to th~ Cour~ hav~ng jur~sd:ttion lhereoi for Ihe appoi~tment of a Receive?, Svth Covrt shall
forlh~vitn apF:oint a r~:e~•.er of sa:d me:t~a3ed prr.;~_:ly all and si+ig~lar, incl~~d:ny ail and s~ngu!ar t}~e intome, profils, issues and revenues irrm whatever
source ~eriv~d, ea;h-r.cd every of wl~ich, ~t Leiny exprrssly under:rood, is F.ereuy mcrtgaged as if spec~fically set forth and describ?d in thQ granting and
~ habendum :~auses hereof, and such Rec•_iv~~ shal! Fure alt ih~ bread and ei(ective (~nct,o~is ar~d por.efs in anyviise ent~usted by a Cowt lo a Rettiver, and ~
s~ch appointment sh311 5e rr~ade by wch Co.,rt as an ad.nittcd equity and a maver oi aF:scl~te righ~ fo said MOP,TGAGEE, and withoul reference to the ~
adeyuacy or inadaquacy of the vaiue oi the propert~ mortgaged o: to tiie so.vency cr ~nsoiver.cy a( sa:~i t,10RiGAGOR o~ the defendants, and that such
rents, prof;ts, in.ome, issues and rever,ues :hjll be appiied by such Retciv~r acco:d:ng ro the lien or equity of said MORTGAGEE and ihe praUice of suth ~ 3
Coort. _ , ~
8. To du!y, prcmpt:y and fuAy perfo~m, d~scha~ge, execute, effect, compkte, co~r,ply with ancJ abide by each aod every the st~pulations, agreemeMS, _
cond;t~cns ar~d co+rnants m sz~d p:ori;ssory noTe ar,d tnis mortgage sel forlh. • '
9. ihat in th~ e~~~N the o•f:r,ent:ip of ti,a morlgaged p:em~ses, or any parl thcreof, becon,es vested in a person other than Ihe MORTGAGOR; the
I,10RTGAGEE, its svccess:;rs ur~I a5:~an5, ~:~ay, Y11fI~DUt notice to tE~e uORTGA~R, deal vri;h euch suctessor or wccessor in interes~ ~vith referer.ce to this
morty~~e a~~d tl:e drot i:e~cby ~e:~red in the sart:r manner as ~•~th ~!ortg3goi v~ilhout in tny ~vay vitialing or distharging the lhortgagors' liability here- Y
:-der or upon ih~~ d,bt h~r_6y sec~r.d. P:o sa:e of tk:a Frernises h~•re4y mo~tgaged and no forbeara~ce on the part of Ihe 1.10RiGAGEE or its su<tessots ~
or ass~gr.s ard no exte^s~on of ~he i~~*~a fr,. the psyr.~,ent af the debt h~rcF.y secured g~ven 6y the ~.10RTGAGEE or its s~tcessors or a:s:gns, shall operats ~
fo re~e~se, d.scharg_, r,;cd~fy char.ge or aife;t th~ orig~nal Gao~l[ty of tl:e h1~FTGAGl7R herein, either ir tivhofe o~ in p~rt. '
10. Ir is srec~f~ca~iy ~ar~~d tha~ fi:n~• is ef th~ CSSBn~C cf this contract and that no waive: of any obligation hereunder or of the obligation se- _
tured hareby sha!! at any t~~.c ~hcrra(tcr ~a h=id te be a v:aivcr of the !errns hereof or of the instrument secured herby.
l t. Irt a:;d i:oi ta !h_ icccyr.'~+a r~~on:~i'.~ F.ay~~-.cn,s ~F ~:~~r.c , sl and inreres~ required by the prom~s*.ory no!e secured h=reb~, mortgagor tovenanls
and agrces tc. pay t~ r~o•ta~y~~e v.~!ti~ eac~ n:o~rf~iy.~,a~~.~e:~t a~; ~~+,~;c~onat su~n :st~.:ated by mcrtgagee to be aqval to 1.~12 af the an~iual cost of the follow-
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i~-Ail rca? YroF~r!y tax:~ !e:it~ : x asscss^ci oy.;i~~s? th_ ai~ove drscr~a~•d ~_af esta!e.
S-P:~,,:;~;,,; cn fire ar,d v:inds!oar: ir.svrar~c~ as i:erein requ;,-ed to be carri~d cr. th~ improo~ments rWafe on the above described prem~ses.
- C-Pre~niv~~ s o~ wch .n~rt~ ~ce g~aranry irs~~ra:•ce as rt:artgag-_~ shaN frc•r r:re to tLne deem iit to .arry an the loan setured hereby.
l.~o:?gagee sha~': frcni r;:re to t~~-e not;{; mcrrgagor in ~vrit~ng of the ar-ount due and payabie hereu~der and ;uch su:n shall thrreupcn be due and ~
p3yab'.e on tha due ceta oi the ~:~.:.s ;r~ontF~?y p~y,T~nt and e~ch successive mo~ith thereafter ur,til morfga~ee shall notify mortgagor of a ehar.ge in such ~
a^:aum. $uch s~ms s~~a:; E;e ap~:!+ad by ar.ortga•~~e ro:•:a-d ~he pa~ment of rea! p~operry taxes, insurani:e ptem:ums, and mortgage guaranty insurance ~
p~emiun:s. ' ~
IN 1VITA+ESS `:.•'HEREOF, th~ sa:d 1ADRTfF.GOR has hereu~to seT his hand and seal the and yea: first afores 'd. .
_ Signed, 5eated and deliv ed in the presence of: ~ - ~
~~iU 1~l~~ rt' ~
4'i[.W1ht~EE tE'IIlJ~1'~' • • (Seap ~
_ _ ~ ~ ~a s Stainoff, ~sPaq ~
' ~-1-- ~.~R9:~#';F:I£~~ ~ ~ ~ - (Seal) 4
- - - ~ i~ ~ ~ ~u Carol ~1. Stainoff (seaq 4
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SiA7E O~ ~LORiDA ~ ~ ~ 55. ~
st . w~~e ~1t~5 r
COUtdTY OF _ _ 1
Jame~ Stainaff Jr. ;
Bcfe~e me pers••.^.a!iI zPP''-,red --2---- - and )
- - ~~Q~--g•--~~.$171Qf~-__ ~ _ his wife, to TE well known and Icno•.vn to me to be }
tha individvals descri6ed in znd ~vno executed tne foregoing instrumer.t, and a:know~edg:d b>fore me that they exetuted the same for the pvrposes j
therein ex,^.ressed. Ar.d the said C`~=OZ S~ainoff _ ~
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wife of the szEd _ f " y
Jamas Sta in of f Jr . , vpon a sepa~ate and private
e,carn~nat~on by me taken separate and apart frcm her said husband, acknowledged to and before me that she execufed s~id insirvment freely and vol~n- ' ~
tanly and w~thout any compulsion, co~stra~nt, app/re/~h ns:on, or fear of or fram her said husband. . ~
Y/ITNESS my hand ar.d offic~at seal tFus__! _ day of JUn . , A. D..19~ t
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- Notary Pubfic in and for the St of flori at Large
. h1y Commission expires: ~
Return la _ ~ . ~
fir:t Federal Savings !4 Loan Associat:on . ~ - ~
Of Fc:t P.e:ce. • r. ~ ~
Fort Pi~rce, Flor~d3 ~ 'r-
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. This Instrument Prepared By John tJ. Collins ~ _ ' ; ~ ~ ~ = - ~
First Federsl Savings 3~ Loan Association = " ~ ' : _
of Fort Pierce, ~ lor ida - - ~ ; : : ~ _ = - ~
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Checked By~-_ _ BOOK PAGf~~~~ .`~~r_ •.a~,\:
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