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3, To pa.c. .ftd eontu.uou.ly It.. Oft .... build..... _ . MredIer aIt\Iete Oft ..... lend end Oft .N equapn..t Md ~11y _eel by tN. ...one-
ag.. with .11 pre""",",.1 thet_ paW 1ft fuIJ, flte "-_ 1ft the _I .teNIetd policy fomt. '" . I"'" lIpflICIWd by the 'f.OITGAGU. end w\ndalOtnl
1na\JI_ 1ft the _I IIendetd poUcy ...... In . __ ~ by .... MOITOAOfL '" avch ~ . COftlI*'Iet .. the MORTGAGEE -y
dllect, and .11 fit. end windltorm 1Nw_ poIldM Oft fIftY of Mid buildlftte. fIftY InMreat then'" or pert thereof. '" .... eoer-e." - eforeMld 01
I.. "UN ~. thell eont.1n the _I atandatd ~ d_ 01 ,uch other c1_ .. .... MortglgM _y requite. -kine tM 10M undet Mid poI~
c1... each .nd ev..y, pay.bl. t~ Mid MORTGAGEE .. III In*-' ""Y eppHI', end MCh end .-....y wch policy shah be promptly ...1gMd end dellvetad to
.ny Mid by JoIId MORTGAGEE.. fvtth.r _by to ..ad mortgage deIIt. .nd. /lOt .... theft ten (10) claya '" edv_ of tt.e explr.tlon of MCh policy. to ..
liver to Mid "~ORTGAGU . r_w.1 ta....of. togethw with . r.c:.1pt for the pnmIulII of auch ~.b end there tNlI b.- no fire 01 wlndttonn Inaur_
placed Oft ...y of Mid bvIldi"O'. eny "'ter..t therein or pelt thereof. un.... I.. the form end wlta. .... 10M pey.bIe .. .for...Id, end '" the tlwnt Ifty -
of _y ~ pay.ble .". auch policy 01 poIk1ee ..Id MOITGAGEE shall have .... option to recel". end .ppIy the _ Oft _t of .... ~
..... MCured '-eby or to petmit ..Id MOITGAGORS to receive and UN It or "'Y pelt thereof fot ot.... purpoMI, whhout thet.by w.lvlng 0# ....pa....
1"11 any equif)'. lien . right Ufld.. 01 by virtue eI !hi. ~, end '" IN ....... Mid MOITGAGOltS lhall 'Ot "'Y ,..Iot'l f.ll to ....p the IIId pr....IMa 10
Ineured. 01 fall 10 delJver promptly I/ftY of MId polici.. of '-_ to ..Id MORTGAGEE.. 01 fall promptly to pay fully .,y pr....1um tharetOf Of .... any
r..~ f.n to perfotm. diacNrge, execuN. .ffect. complete. COMply with and .bIde by this -" 01 any pelt ....eof. IIId MORTC'-AGEE ",..y pJac. end
pay for .uch Intutance 01 .ny pert thet.of without w.Mftg Ot .Hecting "'Y option. lien. eq\Ilty, 0# right under or by virtue of ,hit Mortgage. and the
full _nt of MCh end .-...y wch payment thell be ............., due and payable end eIwI/I be<< J,...,. from the date thereof until paJ.I .t .... ".. of
ni... pet centum pet ~... .nd toget.... with audl inter..t l)o..n be MCUred by the lien of thIa mortgage.
4. To permit. COI'ftMIt or ..",., no w..t.. impalnMnt 01 detetlontlon of MId property or fIftY pert theNof,
5. To pay .n and lingul.. the ~II. chergea and .."...... including . _ble .ttomey"l f.. end ~II of .batrlCtl of thl.. ~ed Ot paid at
.ny time by IIId MORTGAGEE, bec_ or '" .... .v."t of .... f.llu" 011 the pert of the MId MORTGAGOR to duly. pr~1y and fully perform. dbcharge,
'''Kut., .<<ect. complete, comply with and ebicle by ..a. McI -.. the lIipuletloN. -or--- ~hlone. and _II of Mid promlNOrf not. end thl.
mottvaoe .ny << ':thw, .nd ..Id coall, chatgea .nd 'llpIMea. .KII and .-...y. shell be irNMdNIteIy due and payable, wMther or not ,t..... be notice de-
....nd. .tt.....pt to collect 01 wit pending, and the full amount of MCh ..... ~ auch payment elwllI be<< ""-t front .... ... the<eof until peld .t ....
rat. of ni... per e.ntum per .nnum; .nd .11 ..Id COlli, chergea and ......- Incurred 01 paid, together with wch 1ntenIt. ....11 be MCVreel by .... lien of thla
mor1gage,
6. That i.) In the .v_ of 6fty ilrHch of thIt Mcwtgege 01 def..,1t on .... pert of .... MORTGAGOIl. or (b) '" .... ewnt .ny of IIId ........ of money
.....In re....... to be not promptly .nd fully paid with'" thirty' (30) deya ...1It ett. the _ _.lIy become due and payable. without demeftd or notle..
or It) In the ewnt .ach and .very the Itlpulatlone. egr_II. conditione end _II of Mid proml~ note and thll mor1gege .ny 0# .Ithw are not
~uly. promptly and fully performed. dilCharged. ...ecuted, .Hected. tomplated, compllecf with and .bided ...,. then 1ft .ither or any auch ....... the lIid IV'
gr~.t. lum menlioned In ..id promilaory not. then remalnl"ll unpaid, with "'t....t accrued. .ftd .11 moneya MCUf'ed ....eby. elwllI become due end pa.,.
abl. forthwith, << thereefM. .1 .... option of ..id MORTGAGEE, .. fully and completely .. If ell of the ..Id _ of ..-y _. OfIgIMIIy lIipul.ted
to be paid on ludl d.y. .nythi"ll in Mid promllaory note or In thb MortIJ'.". to the contrary notwlthtt.nding, .ftd t....eupon 0# tharuher at the option of
uid MORTGAGEE. without notice << clemend. luit .t law or In equity, therefore or t......h.. begun. ....y be ~ed .1 If .11 moneya _ad Itet.by
had matured prior to ill inatilution.
7, That in the event Ihal .1 the ~inning of << .t .ny tin.. pendi"ll .ny wit upon thil Mor1gllll" or to foreclow it. or to reform It. or to .nforee
pay~nt of .ny c1.ims her.under, laid MORTGAGEE Ih.1I .pplt to the Co.,,, havi"ll lurlldiction thereof for the .ppoint.......t of . Reui"er. luch Court lhall
10rlhwith .ppoint . reuiver 01 said rno<tlj;.ged property .11 .nd Ilng'Jlar, including .11 .nd II"IIular the Incom.. prof ill, I...... .nd reven.... from whate"er
lOU.ce derived, each and every of which. it bei"ll ...prellly underaloocl, II hereby mortglllled II If Ipecifi<;.lIy ..t forth .nd dHoibed in the granti"ll 'M
habendum clauses_he reo I, and luch Rec.iver lhall hay. .11 the brOotd .nd .ffectiv. funClione .nd powert In .nywise .ntrUlted by . Court to . Rec.iv.r, .nd
such appointment Ihall be ma:L. by such Court al In admi"ed equity .nd . ...."er of .baol",. right to Mid MORTGAGEE. .nd without ref.renc. to the
.dpqu.cy or inadequacy 01 the v.lu. of the property mortgaged or to the aolv.-.cy Of inaolvency of ..Id MORTGAGOR or the cHf.nd.nll, .nd that luch
renll, profill, income, IlIutl .net r.v.n.... .hall be .pp1ied by .uch Receiver accordi"ll to the lien or equity of IIld MORTGAGEE .nd t.... practice of luch
Court.
8, To duly, promptly .nd fully perlorr.~ dilCharge, ."KUt.. .Hect. tompl.... comply with .nd abide by ..ch .nd evwy the .tipullllona. agr......nll.
conditionl .nd covenenll in OIid promilaory not. end thle mortgage Nt fott~
9. Th.t in the event the ownenhip of the mortgaged prami_. or .ny part t....eof, bKonwt vetted in . penon other then the MORTGAGOR, theiMORTGAGEE, ill l..ccelSora .nd ...igns, ~y, without notice to the MORTGAOR. deal with ludl IUCCftIOO' or IUCCeslOO' In int..elt ...ith re'erenc. to thle
r110ftgage .nd the deb: hereby MCured in the I.me ....""'r .. with Mortgagor without '" "'Y w.y vitl.tlng or dilCha'lling the Mo>rtgago,,' Ii.bility her..
under 04' upon the ckbt hereby leCured. No SI~ 01 the prami... hereby mortgegecl .ftd no forbear.nce on the pert of the MORTGAGEE Of' ils IUCC...'"
or &Uignl .nd no exlenSlon of ,he time for the peymer,t of the debt .....by _ed given by the MORTGAGEE Co/' ht 1UCCll1OO'" Of ..Iig.... lhell operate
to rele.... dilCharg., modify cha"lle or .ffect the Otiginal liability of the MORTGAGOR herein. .lther In whole Of '" part.
10, It is .pecific.lly agreed that time II of the .._ of thia contrect end the! no _'- of .ny obIig.tlon her~ or of the oblig.tlon ....
cured hereby ....11 .t eny time ther..h.. be helcl'to be . w.1ver of the ter"" ....eof or of the lnatrument _ed herby.
I)
(!Iael)
STATE OF FLORIDA
COUNTY Of
Saint Lucie
I
r
IS..
John Louis Panzone .nd
Sylvia Panzone ~ wIf.. to .... well "'-" and "'-n to me to be
lhe Individwla deacribecl '" and who .uwMd the for~ 1nItrurMntr,. end edlnowlda." before .... the! they .1lKUted the _ for the purpoMl
thereln....--o. And.... 1.1ft SY.1.via Papzone
w!f. of .... M!d John Louis Panzone . upon. aeper... .ftd pnvet.
n.....i...tlon by .... t_en leper.te McI apart frorot hw IIId huebend. ecIt.nowlecIged to ..... before _ the! aha .uwted Mid Inetrument freely end YOIu~
terlly enct wi"'-' any compulslotl. ~tr.int, eppehet..io;1, 01 fell of 01 from hat ..III huabend.
7th day of ~ JU1~, ' . . A. D. 19 61_
_ ~.~.o... ..:
, c:o.-~o~ =- .. ..... of fIorIda .. .....
. " "~',..J':':\:~:.'
- ~. ~~ - .
. ,.~~..-' "',\,,,""It,,,
Notary P1ju~~'~..'
My CommJ" '..:~~ '.
Bo"rle:' tl)f. ".~, ..8tirJlty Co' .OI.~~
. ! .;~ .. -. ,....., ~
/~, ~ho/:" Onond .~-;:":
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"ll ' o,j 'L\ \' .."...
'1_. r'll.ta""\'"
hI.... m:: penc:.lIliy .ppear' I
WITNESS my hand and official _I ~
Firat
Iletvm To.
Federel Sevlnga .. Loen
Of Fort PielA,
fort P_ce, Florida
"-IetIOft
~
96337
~ :~COROED
IN ;. .IJlrJBOOK
........,
......~~-'~~~:;~... 1961 JlL -7 PH 2: '5
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i ~ f):'.J.::-, ~}~"i c.,tST. LUCIE COUNTY. fLORlOA
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