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3. To lace and continuoutl kec on Ihe bui!din s now or harea(ter s+tve+e on sa~d tand and on a1{ eqvipmem and per~onaNy covered by lhia morlg- ,
ege, wiih allPpremiums Ihereon pn~d in {utl, t~ra inswar•ce.1n the usuai s~antiard ~~olicy form, in e sum approved by tha MOR(GAGEE, a~d v~ind~torm ~
insurance in rha usual ~~ar,nard pa!~cy lonn, in a swn approved by ~ne htOR1GAGEE, in svch conipany or co+i~panies as ihe MORI~GAGEE may ~
~ direct; end all tire anJ windetorm inswance poGc~es on any of s~~d kw~,d~ngs: any i~le~esl th>rein or Fart ihe~eof, tn the aggregate sum ato~eiaid or
in exca~s Ihereof, shall tontain Iha uswl s~anda~d mo~t9~gea :lauta or such other c~ause a~ ~he htoilga~ec may requ~ro, making Ihv ~oss ~~Jer ~aid poli-
cie~. each a~d every, payab!e to said A~ORSGAGfE as its int~res~ m~y appe~?, and each and e~•ery s~ch po!icy sha11 be promptiy alSg~~etl and detive~ed ~o ~
any held by said h10RTGAi~EE as (urt~ar s=cwity ~o salel mortg~9e debt, anJ, nol le3s th.n ten (10) d~ys in aJva~ue of the expiretion of each poficy, to de• ,
liver to said h10RTGAGEE a renewal Ihereo(, loge~her with a rece~pl (or Ihe pramium of such ranewal; and lhere shall ba no (ite or ~vindstonn insurance
piaced on any of 3eid buildings, any interesl therain ot parl thareof, unless tt.e iorm a~~d with the Icss payable as a(o:esaid; a~d in the event any sum . .
of money becomes payable under sucn policy or pol~cies sa~d htORiGAGEE sha~l have Ihe aption to receive and apply the famt on accouN of ~he indrbted• •
ness secured hcseby at to perm~t said /hURiGAGORS to~ret~ivz and ~se i! or any pjrt thcreot ior orh~r~ pv~{~oses, w~tho~t Ihrrii» ~v~ivi~~3 ur impair• R
tng any cqu~ty, lien or right under or by virlue oi Ihis mor!gage; and in the event sa~d h10RTGAGORS shall for any reason (ail to keep the sa~d premiszs so . 3
insured, or Fail to d~livar promptly any oi s~id policies of insurance to said A10RTGAGEE, or (ail promptly to pay (ully r,ny ptemium there{or or in any ~
resped (ail to perform, Jischarge, execu~e, e((ect, compteta, comply with and a6ide bp th~s covenant, or any parf hrreoS, said MORTGAGfE may place anci •i.~
pay for such insuran<e or any parl thereof ~v~thout waiving or effec!ing any option, lien, ec~uity, or righl under or by virtue ot this Mortgane, ar,d the ~ E-~ ~
tull amouM of each and every such paymant ~h~lt be immediately due and payable and shal! t_ar inleres~ irom Ihe dato Ihercof until paid at the tate of .
nine per <entum per annum and ~oacit~a+ ~si~h such inte~rsr shati be sacured by the lien ot this mortgaya ~ ~
4, To permit, tommit o~ suf(er no wastr, impairmenl or delerioratinn of said propCrty or any parf thereoL ~
5. io pay all and singular the tosts, charges and expense~•, including a reasonable attorney's fee and cos~s o( abstracts of title, incurred or paid at (
any tin:e by sald htORTGAGfE, because or i~ ihe event of tho (a~lura on the part of the said h10RTGAGOR to duly, promptly and fu11y pertorm, d~scharge, ~
execute, e(fec~, comptr~e, co:nply wlih and aU:dz by e~ch and e+rery th~ stipu~atiorts, agreen,e~is, conditions, an¢ covenants o4 sa~d pro+nissory note and th~s ~
mortgac~Q any o~ e~iher, and sa~d costs, charc~es and expenses, eath and every, sliall be immediately dve and payable; whether pr not there be not~ce ds ~
mand, aitampt to colled or suil pending; and tfia fuli amoun~ oi each and every wch paymeN shall bear interes~ fr~m the date thereo! until peid at ihe
rale oi nine per c~ntum per annu:n; and ail saiJ cvsrs, cF~arges and rxpenses incwred or paid, together with svth interest, shall be setured by the lien of thit ~
mortgage. •
6. That (a) in the event of any breach of this htortgaga or dr(ault on Ihe part of the A10RTGAGOR, or (b) in the event any of aaid sums of money ~
herein refe~red ro be not prornptly and fully paid wiihi,~ thirty (30) days nezt a~ter thc same sevetally become due and payable, withow demand Ot notite, j
or (t) in the e~'ero eath and every the stiputations, ayreements, cord~tions and covenants of sa:d promissory nofe and this mortgage any or eilher are not }
~vly, prompNy ar.d iu11y parfor~ned, d:ccharged. ~.cecutad, effected, comp?eted, cemplied ~vith and ab~deJ ~iy, then in e~ther or any such event the said ag- ~
gregate s~m menlioned in said promissory nose thc~ remaining unpaid, ~vith interc;t acuucd, and all moneys setured hereby, shall be<ome due a~d pay ~
able lorthwith, or ~hereaftcr, at the cpt~on of s~~d R50RTGAGEE, as ful~y arx! comp~erely as it all of th-r said sums of money were or~ginally st~pulated
to be pj~d o~ wch d~y, anything in sa:d pro~n;ssory aote er in 4iti~s lAortgage to th~ to»trary notwiths~andinc~; and thercupon o? theteafter 01 the option of ~
sa~d /.10RTGAGEE, wi~hout noiic~ or demand, su~t at law or in equity, therefore or thereaiter begvn, may 6e prosecufed as if all moneys setu~ed hereby
_ had maiured pnor to eis insti~~tion. _
T. That in the evenl that at ~he beginning of or al any time pending any suit u{~on this Mortgage, ~r to foreclose it, or to ?eform it, or to enfotte- ~
paymen+ of eny c~ain~s hereund=r: said ~btiORTGAGc` st~a;l zpp{y to the Covrt hav~ng juc+sd;ct;on thereot for Ihe a{±Fointment of a Receiver, :uch Couot shalt ~
ior?h~rith appoint a receiver of s~~d rr,o't jayed pror•arty alf and s:ngvta~, inct~d.ng a1l and s~~lgular the income, profits, issues and revenues from wh~tever
sou:ce cl~rivcd, each and eve~y of ~vh;ch, it le~. g c:<}=rFssty ~nderscood, is l,er~b/ n:or~gaged as iS speufitalty set for~h and destribed in the grant7ng and f
habendum dauses her<of, and such Rcceiver shatE ha•.v all ~he broad and effeciive funct:ans and pov.ers in any.vise ent: •~sted by a Court to a Receiver, and =
svch appcinsment sha11 be m~de by such Courl as ari ad~nitted eqv~ty and a maner o~ aLaot~te right fo sa7d h1URiGAGEE, and without re(erence to the ~
adeqoacy or inad?quacy oi tF.e vatue of the prope~ly mo~tgaged or to the so.ve~xy or ~nsoivc~cy o( said MORiG11GOR or the deiendants, and that suth ~
rems, profits, fntome, issves and revenues shail be appGad by such Recaiver accorJ~ng ~o the lien or equity of said hS~RTGAGEE and the practice oF such
Court. . ~
8. To du?y, prcm~~t!y and it~lly perform, d~scharge, executr, effect, com~lzte, compty v,ith and abide by each and every tke sfipulations,' agreements,
s
tonditions and covenants +n sa~d promissory note ar.d tn~s m~rtga9e set forth. i
9, ihat in the ever.t vh~ Cwr.ership of the mortgagcd pre~nlses, or any parl Ihereof, becomes vested in a pe:son other than the MORTGAGOR, the
htOQTGAGEE, its successors ar,d assi~ns, may, .v~+houf not~ce to ih,: MORTG~OR, dea! v~i~h such successor or successor in in;erest ~vith reference to this ~
mortgage ar,d ~he deb~ hereb~ secured in the same manner as w~th hlortgago. withou? in any ~vay vit:ating ec 3~icharging the fllortgagors' fiabitity here- t
~ under or upon t te d~bt hereby se~w.ed. t:o sa~e of f{~~ Frert:ises haeb;; mortgnged and no forbearance on the pnrt of the 1dO4TGAGEE or its suttessors ;
or assig~s a~d ~o extens~o:i of the tirc,e fer tha paymen~ oi the debf hereby secureci given by the lAORTGAGEE or its suttesso~s or ass:gns, ahall operate _ j
IO re~ease, d~scfiarge, mod~fy chang~ cr af(e:t she orig;n~i Iiabifhy of the N.ORiGAGOR herein, either in whole or i~ part. ~
' 10. It is spec~ficalfy agreed ~hat tio,e is o~ the essence of ihis contrau and tha? no waiver of any obligation here~nder or of the obligation sr ~
' evred he~eby sfia71 at an~ tir.:e lhereafter be heid to bc a viaiver of the !erms hereof or of the instrument secured herby. j
11. In a:1:1 tio~ to tt~_ forego:ng ~ro~!i~`y F:aynzen?s of p:i:•c'p~t and interest requued hy tlie prumissory no!e sec~red hereby, morfgagor covenants 1
and agrees re pay to n:o:!g~~ee v.irh each mo~~rhi~ p~~r.:er.f an add;riona~ sum est~n:ated b~ mo~tgagee to be equa~ to 1,.`12 04 the annual cost o( the follow- ~
:
A-Att ~E3~ property taxes kvi~:i or assssseci against ?hc ahove des!ribed real estate. • ~
I F3--Pren::•.<<.~s an fire ar.d r.ir.dstorm ~~s~rar.ce a> n~_rein r`q~:red to be ca~ried cn iha improveme~ts s~tuate on th~ above described premifes. ~
~ , C-Pre~niums on such mcrt~c,g•_ ouacanty ;rsurar~ce as mortgaGee sha~1 fram e;^:e t~ tur.e deem fis to carry on tfie taan secured he~eby. i
1,to:tgagee sna?1 fror: ti=~:e tr~ Gn;e nctily mcrt~ag~r in writ~ng oi 1F.e B2O:lO~ d~e and payable here~nder and suth sum shall thereupon 6e due and
I` payab?e on the dve dare of th~ ~:e.ct mor!: 'y p~y:r,ert ar,d e~c~~ successive mo-,fF. ~}:ereafrer ur,fil mcrt~agee shall notify morlgagor of a change in such ,
~ amount. Such sums stiail be appiied by mortc~a~?e to:•~ard tk:e payn.ent oE real ~roperty taxes, i nce prem.ums, and morlgage guaranty insurance '
~ premiums. ~
r ~
iN \YITDJESS ~:I~EREOF, the s3 d N,ORTv:.GOP, has F•=reunto set his hand and seal the da and ear first aforesai .
$i , Sealed a~d de!i~ >d /in,_
'the~~ sen~ of: ~ _ ~
_ C~~ ~b~C_ i
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' - ~ .~f / ~i1/ Li ~s.t Gl ti~ ( al) 3
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$TA1E OF FLORIDA - t . ~ ~
COUtJTY OF St . L11C1~!_ i _ S
8efore me eersonally aFreared -T~~F1PS I.. 4!~T'1_J,IL!]Pr , " ~~.~d , 1
~ patricia ~,i ~ trer:iin~er ~ ~ :
his wiie, to me well known and knowi~'t+t~ ?ae:to be 3
- the ind~vidua;s d•~scr+bed in a:d v+Fo exc-~uted sh~ foreyo~ng instrument, aqd ackno.v:edged, beiore me that t:~ey executed she serAe :~oi~: the ~`.~ftpo~s~ ~
Patra.cia `=i. I~emin~~er --~e ~ ~ - _ ~
. there~r expcessed. And the said - ~ ~
.Tame F;emin~er ' ~
r+i(e of the sai~ upon~ iep~rit~ and.~rivttqs,~~ :
e~am~nation by me taken separate and apzrt from her said husband, acknavvleoged to and before me ihat she executed said ir~strvc~rtt fr~ej~ v~j yik+~ '
'r. sts%: : : . `
- tarity aed v+athout any cornpu'sion, constrai:v, apprehens:o~, or .fear of or iram her said husband. `4_:F ~;.:zy ~`3r, ~
YIIiNE55 my hand and offlria! seal tfis_ ~8th~_ day of June - -
, ~ ",j,~...
~ ~
Notary P~blic in and for the State ~f Florida ai Large
!~1y Commission expires: / 7 ~
Return To:
First Federal 5avings & loan Assec;ation
of ~a:, p~E-~~. ~ - 3~.~13~
_ Fort Picrc?, Flcrida = -
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_ ~ ~i~~~ fr'!` ; ;s`~, :z_ . :
~ ~t}~~ti . .
This tnstrument Prepared By T• }~a 1 TZphPr t s, J r. R ~y~C0U11~ +
j~~ p Y. RiFlEil ` ~
First Federal Savings 8 Loan Associatian C~R~~
~
of Fort °ierce , ~•'lo r~.da 33~ 50 ~ ~ ~ -
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U R ~ PACE~~7e~5 ' ~ ~ ~ '
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