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20 PAcE414
3, To p;.c. end cont\nuoully bep Oft the buI1d\nge _ or Mrecftet alluele Oft MId lend encI Oft .il eqvlpmeftt emf ~Iy -.cI by thl. f:\ov1g-
ege, with .n "..,.","" rhet.- paid ... fvI1. ~ inIuf_ ... the ..-1 Ifwdwd policy lot"" In . _ eppo'owd by the MOITGAGU, .nd wlt>chtOtlft
1nIut_ In .... _, standard policy form, ... . _ ...,........ by the MORTOAGEe, In euch COfIl9AI'y or compenIet .. the MOITGAGU -y
dlrectl eftd all fit. .nd wiftda~fl'l 1nMIr_' p:>>l1dM Oft M'f 01 MId bul\ctillge. efty In..,..t tMr.1n .,A part thereof, In the ~.. """ .f~MId Of
In .x_ thereof, wll cont.... the _I stMdetd "'...... ~ 01' IIUCh other d_ .. th. Mot1lJ~ ....v require. tMk\ng the Iou Uftder "id poI~
dea, .ech .nd -v, pay.bIe 10 Mid MORTGAGEE .. Ita \nIerHt IMY appMI. end HCh and -V wch policy wll be pIOfI"?lty ...igned and dellYered to
M'f held by Mid MOI'TGAGEt at turther _tty 10 NkI ~.. daM. end. ftot '- theft left (10) dav- In advaf_ of the .xplr.tlOft of Mdl policy, to ..
IIYer to Mid MOITGAGEl! . _.1 theftof. ~ wftI. . reaipf lot the premium of wch _.1, end tNt. th611 ~ no fir. or 'C!fldstonft IMu"nc:.
placed on any of Mid bullcllnp, eny lnIer..t ~ Of ptrt t'*-t. unleu In .... form and with .... Iou pay.bl. .. .foreuld, end Ifl the a~t ....y .um
of 'ftGney becomeI payable under euch policy Of poIide1 ...Id MORTGAGEE ....11 haY\) the optlOft to rec.ive .nd apply the ...... Oft _t of the \ftdebt~
..... MC\Ifed hereby or to permit ..Id MORTGAGOaS 10 receIYe eftd 11M h or anv p.lrt therA(lf for oth,f purpooee, w;thout ther.by waiving or in,pair.
Ing eny eq\Oity, liefl or right. Ufldet crt by virtue of this lMrt9egel end In the .......t ..id MORTGAGORS .hall for any r_ f.1l to keep the Mid pr....!... 10
inwted. or fail 10 dellvw promptly IIIV of Mid poIide1 of inaur_ to ..id MOITGAGfE, Of' f.i1 promplly to pay fully any pr~ ther.for or In eny
reepect fall to perfGn-n. discharge, "'9"-, .ffect, compl..., comply with Ifld .bIde by thi. CO\IAf\IIIt, or ....y part hereof. Mid MOItTGAGfE may piKe .nd
pay f~ wch iMut-. ow M'f part thitreof w~ w.lvlng Of .Hectlng ....y option. liefl, ",,,ity, Of ,~ht UncMt or by virtue bf thl. Mortgage> and lhe
full -'" of HCh ..,d ffVWY euch paymem wll be """-'leMly due Ifld pay.bIe end ....11 beet .....r... fror.l t'" d... theNof until paid .t the r." of
nine pat centum I*' .r.num and tog.lt... with .\>eh In..,..t ...." be MCund by the IIerI of thle tnClI1gage.
, '
4.. !o penNt. -'t Of' ""'... _ w..... impa......... or .....Ioraflofl of Mid property or any part theteof,
~, To pay .11 end """ul... the coati, ~ Md .xpeI'.... Indudlng . Nlaeon.ble .ttorney'. fM .nd coah of abelrectl of title. ~ed Of paid at
",y time by lAid MORTGAGU, beea.,.. or 1ft the _nt of the fall.... Oft the part of the .~Id MOITGAGOR to duly, promplly anci fully parform, dlecharge"
uecut., .ffact. gmpie.., comply wilh .nd abide by .ach and every the .tipul.t'-. agr.._h. COftCIitloM, .fld cove....." of Mid promiaaory ftOfe and Ihla
mortllege any or .lther, .fld lAid COIh, ~ efld ..peNe', .ach Iftd every, shall be immediately due and pay.bIe; whet"'r or not ther. be nolice de-
mand, '"empl to collect Of ",it pefldil'lQ1 Md the ""'1 -..t of eKh Md rvery euch paymem wit beer In..,..I f..-. the dete tMreof u!ltll paid .t lhe
r." 01 nine per centum I*' .nnum; and .11 .aid COIh, chargee and expenlft Incurred or paid, togetNt with .vet. ........t, shall be MCUted by the llerl of this
mortgage, '
6. That I.) '" the eYent of loftY br.ech of thI. Mortgege or default Oft the F~rt of the MOItTGAGOR, Of (b) In the .wnt .ny ef Mid .ume of money
'-.... r.f.rred to be not promplly and fully paid withitl thirty' (30) deV- next .,.., the ._ .......Ily become due and pay.bl., without demand or notic.,
or (c) in lhe e"..,t ..ch .nd .very the II'put.lloM, agr..menta, conditlOft. Md _h' of Mid promiaaory ftOt. .nd thi. ~. anv c.r .ither ar. not
:lvly, promplly .nd fully perforrned. diacharged, executed, .Hected. completed, ~Iied whk .fld .bided 'oy, theft in either or .ny .uch .~nl lhe said ag-
greg.te .um ....nlioned in said promiuOty nol. then ......inlng unpaid, wilh Int.rMt accrued, and .11 money. IeCUred her.by, .hall become due .nd pav-
able forlhwilh. or lhereaft.... al the opllOft of said MORTGAGEE. .. fully .nd compt_1y as If .11 of the sa!d .um. of moMy ,..,. origiMllv .tipulaled
to be pAid on luch day. anylhing in ...;d promi"OfY note or In Ihi. Mortgag. to the cOftlrary notwithllanding; .nd lher....pon or therufl.r at lhe optiofl of
sa;d MORTGAGEE, withoul notice or demand, luil at law or In equity, theralore or lhereafter begun. ~y be prOleC\lled .. if all moneY' .ecured hereby
had malured priOf 10 ill insliluliofl,
7. Thal'in lhe ev..nl lhal at lhe beginning of or .1 any lime pending any .uil upon Ihis Mortgage, or 10 foreclOM il. or t;) r.lorm iI, or 10 ~Iorc.
paymenl 01 .ny cl.im. hereunder. ...id MORTGAGEE shall applv 10 the Coun having jurisdiclion lhereof IOf lhe appoinlmenl of . Receiv..r, .ueh Courl sh.1I
forthwilh appoint a teceiver 01 ...id morlg.ijed property all and lingular, including all and singul.r Ihe income. prolill, inue. and revenues from whalever
lOurce de'ived. each and every 01 which, il being exp,enly underslood. i. hereby mortgaged al if .pecilically tel fOflh .nd d..scribed in lhe gr~nling and
hal><.ndum clauses ~.ereof. and such Receiver shall h.ve all I'" broad and .ffeclive functions and po.....ers in .nywise entrusled by a Courl 10 a Rec..iver, and
Juch appointmenl sh.1l l><. made by .uch Court .. .n admilled equily and . mailer of .bsolule righl to aid MORTGAGEE. and withoul reference 10 Ih.
ad~u.cy or in.dequacy of the v.lue of lhe ptoperty morlg.ged or to Ih. .olv.ncy or insolvency of Slid MORTGAGOR Of Ihe defendanlS, and thaI .uch
,en". profits, income, issues anlt revenues shall be .pplied by luch Rec.iv.r .<<arding to lhe lien or equity of ,,;d MORTGAGEE and the pr.clic. of such
Co~'rl.
8, To duly, promptly .nd fully ".,rform, disch.rge. execut.. effect, co~l.te. comply with .nd abide by e.ch .nd every lhe .lipul.lions, agreements,
conditions and cove"anlS in said promissory no!. afld Ih;. morlgage .el fOflh.
9, Th.I in the evenl lhe ownership of the mortgaged pr....;.... or any part thereof. becomes v"Ied in a person other Ih.n lhe MORTGAGOR. Ih.
MORTGAGEE. ils .uccessors .nd ..signs. may, withoul nolice to lhe MORTGAOR. d.al wilh .uch 'UCC"sor or successor in inleresI wilh reference 10 Ihi.
mo"gog" and the debt hereby s~wr<!d in Ihe ..me manner as with Morlgagor .....Ithout in Iny way viliating or diacharging lhe Morlgogors' liabilily her.
under or upon Ih.. deb I hereby secured, No "I. of 1M premis... hereby mortg.ged and no forbearance on the part of lhe MORTGAG~E or ils .UCC....Of.
or .ssigns ond no extension of Ihe lime for lhe paymenl of lhe debl her.bv .ecl/r.d given by lhe MORTGAGEE or it. .ucca'IOU. Of .ssign., .hall oper.I.
10 r..leue, doscharge, modify change Of affect lhe orig;MI li.bility of the MORTGAGOR herein. either In whol. or in part,
10, II i. specilically agreed Ihal I'me is of lhe e..ene. of thl. confr.ct Ind th.I no w.iver of ....y obligalion .........nder or of the obligalion se-
cured hereby shall II any titne lher..ller be h.la-Io be . Wlivel' of the I.rm. herlOf or of lhe inslrument leCured harby,
II~ WITNESS WHEREOF, Ihe said MORTGAGOR h.. hereunlo Ht hi. hand .nd ..al I'" daV and Ve., first afOfesaid,
Signed. Sealed .nd daliv.red in lhe pr"sene. of:
_ ~A'~ Ii, ~
~,,::M~~~~
(Seal)
1> ~~ a -flz,..q..
(Se.1)
(Seal)
(SuI)
STATE OF flORIDA
} ~
Velma G. Holt, a widow
8'l'IIt
COUNTY OF
St. Lucie
hfOf. me ".,raonally .ppeared
the
Weooooi6e. to ~rell !.nown Ind known to me to be
uecuted the fcregolng lnatrvrneflt. and acknowledGed before me that ~. ..ecuted the ..me fOf lhe purpose.
day of,
. &L.~ ~'" D.,,~
NotIlY Public In end.for the 516. of t Large
Mt Comm\aalOft upl....
NotIfY ~~, St.te o, Flori!!. .t L.,gf
"" eo..aYOll Expires Mitt. 10. 19U
....... ., ~ fill' ~ '*
Return To:
Fint Feder.1 Sevlngs .. loarl Auodation
\.\\\ \.t ,. ~ Q1 fort P..rce.
"" ) ~ '~ce Florida
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FILED AND RECORDED
I~! ..QHiclAl~,()~_GOOK
1951 OCT' 6 p;' 3: 14
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