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Ib!i 7 199
,ST. LUCIE COUNTY, FLA.
TOGETItER WITH all and Wa(Uw thc-tmementa, bendita.menta ud i.jJpuneunce. tb_1O ~ ~ ill an"..
thueunto appertAinins and the renu, i.~ and pro6ta thf'reol, and aho all tbe eltate. rilbt. tide, intuat and .u claim and
demand whatsoever, u well in law AI in equity, of the aaid M.1rtlll,!Or in a'ld to \he J&me, incbdins but DOt limited to:
(a) All rents, pro"its, rf'venues, royaltiej, righu and benefitJ deri\'e-d Crom (t) CIOpI INWD ,~n Jaid teelll'ity and prod~
oC the soil otherwise (2) oil, gas or mineral leAJeS oC the r-renliJel or any put thereof, now existillS or hereinafter mtde, and
(:'I) all other rents, iuuel and profits oC the pre~ from time to time r.ccruing, whether under leues or tenancieJ now CJtiqtillf
or her~:lfter created: ;n each luch cue ...ilb the rilht in the MortJ{agee, but only at ia option, to receive -.nd recei!)t thereCor
and to apply the same aJ it may elect !o "ny indebtedneu Jecured he: "by, ::..tC! the Mortsagee, at ita op.!ioo, ma7 drmane, Eue Cor
and reCOHr any S\lch payments, reserving to the MortJ{asor, however, 10 long AI pjd Mortcacor il not in delault hereunder, the
right to recei,'e :lnd retain ",ch rents, ilsu~na profiu. .
(b) All jud,;:mer.!!, awards of damag,., and settlen,enta hereafter made as a result oC or in lieu of any tskinS of the
premise! or any part thereoC under. the power of eminent domain, or for any damaJ{e (whether cau~ by such taking or otherwise)
to the prem;,es or the improvements thereon or any part thereof; such part of any such judg~nt, award or settlement, al the
Mort'l'",;:ee may elect to he aPFlied to the inde1:tedneu hereby secured and the balance th~reof, if any, to be relervd to tbe
party Or parties otherwise entitled thereto.
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TO HA VE A~D TO HOLD tl-.e above granted :1nd described premises to the ;,id Mortgagee, ill IUCCeuors and uailJ1U,
fort'\;~rJ aA~ &.hI ..ill }('f.~a~'F II.:; ~.f.f,[k} f~ll, aUf..' II.... l:l:~ M ..:tl 1.,,11, a'HI ill ~!L..J It.. ._..U~ .'a.laUl1 ,I.", lJ.~(w
d.:.._ d ...11 Y" _..s ,hA ..u rr: pro\'ideo always that if Mort~a'l'or shall PAY to Mort'l':lltee that certain promiuory note above
descri~d and sh~1l perfcnn all other covenants ar.d c:mditionl of said promiuory note, and oC any re:\ewal. extension or Ill<\ii.
fication Iher~of. and oC this mortgage. then l1Ih mort/l'age and the eilate hereby cre'l~d shall c~a'e and be null and void, "
Mortgagor CUrlher covenants and agre6-with Mortgagee as Collowl:
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renewal.
!'tetes of
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I. To p:lV all wms inclt,ding interest secured hereby when due, as providrd for in said promiuory notll and any
extension or modification thereof anr! in thil fTll2!tgage, "II wch sums to ~ payable in lawful moneY of the United
America at Mort<::ao:ee's :>forenid prinripal offi~e~-or at luch other place a. MOrlgagee may designate in writing.
2. To pav when due, and without requiring any notice from Mortll'agee, "II taxes, <I...~euments of any type or nature
and olher char<::es levied or a..e.!ed as;:aimt the premises hertby encumh<-red or any inlel('~t oC Ml)rll{Age therein. To imr..edi-
ate!y pay :lnd di;rh:lro:e any claim, lien or encumbrance against lllCh premi,es which may be or become superior to thil mort-
gage and to permit no ddault or delinquency on any other lien, encumbrance or char!'(~ against luch premisel.
3, If requirl'd by Mortga'l'ee, to also ma\(e monthly dep:>sits with Mort'l'al(~c, in a non-interest bearing account, t<>!ether
with and in addition to intere.t and principal, of a sum equal to one-twelfth of the yearly t:>lles and aueuments which may be
levied a,;:ain.t Ihe premises, and (if so required) one.t....elfth of the yearl)' premiums Cor in.urance then'on. The amount of mch
talles, assessmcnts and premiums, wh~n ,..r;\<nown, Ihall be estimat..d by Mort~all;'ee. Such depotita shall be u~ by Mort~~
to pay wch taxes, as<c'ssment! <lnd premiums when due. Any insufficienry of such account to pay luch charges when due Jhall
~ paid bv MOrl~a,;:or to Mor:l1;a~e~ on demand. If, by realOn of any deCault by Mortga!{Or under any provision of this mort.
s;:a,;:e, Morts;:;'\~ee decl~res all \Ums secured hen'by to be due and payahle, MOrls;:agee may then apply any fundi in said account
~'I'ainsl the entire indcbledness !ecured hereby. The enCorceabilily of the covenants ;-elating to taxf", flueumentl and insurance
premiur.H herein otherwise pro,'irled sh,,1I not be affected ellcept in so Car as those oblis;:aliorls have Ix-en met by compliance with
this paragraph. Mortl{a'l'ee may from lime to time at itl option ..."ive. and after any such waiver rein~tate, any or all provilions
her~of requir;n'l' wch deposits, by notice to MortJ{agor in writin,;,. ''''hile ;lOy such waiver i. in effect Mortgagor Ihall pay taxel,
~s.e!Sments and imurance premium! as herein el.:ewher.. provided,
4. To pay all 13xe., st'mp tax or other charge which m,y be "ueHrd u!JOn thil mortJ{age, or ;ai" note, or indebtedneu
secured he 'ebv, without re~ard to any lay!, Federal or State. heretoCore or hereafter enacted, impoting po.yment oC all or any
pari thereof upon Mcrlga"ee, In event oC enactment of any law impo.in'l' paymenl of all or any portion of any such taxes upon
Mort,\,a,;:ee, N th~ renderino: bv any court of lasl resort of a decision that the undertaking by MortgaJ{or, as herein provide-d, to
pay such tax or taxes is le'l'al1)' inoperative, then, unless Mort!l:a<!or ne\erlheless p~vs such taxes, alllums hereby secured, wilhout
~ny dedurtion, shall :\t the option of ~{ortgag~ become immediately due and payable, notwithstanding anything containe-d hert;in
or any \3w hl'reloCore or hl'feafler enac:rd,
5. To k~ep the premi!... imured against loss or damage by fire, windstorm or extende-d coverage and lueh other hazardJ U
may be required by Mort,;:ao:ee, in form and amounts satisfactory to, and in insurance companies approv~d by MortKa~..e, and with
accrptable mort~a,;:e.. los~ p:lyablr clame! a(t<lched, Such policies, to,;:ether with such abstracts and other title evidence as may
be rcquirerl bv MOrll(~l(ee, sh~1l be delivered to and held by Mortl{agee without liability, Upon foreclosure of thi. mo~tgllge or
other arquisition 0C the premises or any part thereof by MOrl'l'agee, said policies, abstracts and title evidence ~~~!! ~CQme the
absolute pr'-'perly of MOrl,;:a'l'ee
fi. To first obtain the wrill..n coment of Mortg~gee, luch comenl 10 be I1;rant..d or withheld :\1 t:,e sole discretion of such
Mortl("l1;e.., l,..fore (3. \ removin,;: or demoli.hin'l' any huildin!l; now or her~a(ter ~r..rtt'd on th~ premises, (b) altering the arranK''')
ment, de.i,;:n or strurtural chu~rt"r thereof. (c) makin!l; any r~pai" wh:ch involve the removal of structural partJ or thl
expo. me of th.. intr-rior oC such huil<lin'l' to the ~It'ments, or (d) cllcept for domestic purpo~I, cUllinK or removinK or permittin~
the CUllin,;: anct removal of any trres or timh~r on the pr~misel, . "
7. To m~intain prt'mi,rs in I(nod condilion and repair, includins;: but nct limited to Ihe makin&: or mch repairs as Mcrtgag~
,,,ay from time to lime dt't~rmine to ~ nefe\!ary Cor th~ pre!..r..ation oC the premises and 10 not commit nor permit Ilny waste thereoC,
B To compl\' with all 1.1""" ord;".lnrt'!. re,;:ulaliOlIl, covenants. conditions and r('striction~ aA'ectin!l{ the premi~" and not
to suffer or permit any viol.llion thereof.
9 If ~{(Jrtl("l1;or f..ih to pay .IOY claim, lien or enrumbrance which is luperior 10 this mortJ{al{t', or, when due, any lax or
3S!e!<m"nt or imur:lOce premium, or to keep the premisel in repair, or shall commit or permit waste, or iC there be commence-d
anv :\rt;'.'1 or proc..edinl( ;:ffntiJl<: the f'remi..., or th.. titl.. tht'relo. th~n MortJ{a&:~('. at iu option, m:'~ ~y uid claim, lien, er:cum-
br"nee, ,11<. .~,""rnenl or F"miulll, with ril(hl of ,uf-.ro&:,ltion Ih..reunder, may makr luch repain llnd take Juch Iteps AI it d~nu
3fh'i!..hl~ to pr..,..nt or rure ",ch W;15t.., and may appear in any luch action or proct'rdinll and relllin countel therein, and take
such action th..rein as Morrl1;"I(..e deems advi!3hle, and for any oC laid PUrposel Mortgagee may advance ,"ch .wns of mone")',
inrludin" all CO!t., Cee. and othcr it..m! of expen... as it d~ems nect'l!ary, Mortga,;t'e Ihall be the 101", judge of the legality,
validity and priority of any "lfh ch;rn li~n, encumbrance, !all. a!>..ssm~nt =d premium, ;o.nd of the aftY.)unt nec.eu.ary to be paid
ill sati!f.1rtion Ihereof. Mort""l1;e" shall not be h..ld accounlable Cor any deiay in makin~ any fUch payment, which dela1 may
r~.ult in any addition:ll int..r..st. COIl, chArges or ellpense otherwiJe,
Ill, Mortgagor wIll pay to Mortgagee, immediately and without demand, all dums
of money advanced by Mortgagee pursuant to this mortgage. together with interest
on each such advancemept at the rate of 6}% per annum, and all such sums and
lOte rest thereon shall be secured hereby if made by Mortgagee for th~ account of
\Iortgagor because of Mortcagor's default.
11. All sums oi money secured hereby shall be payable without any relief
whatever from any valuation or apprai!?ement laws.
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