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3. To place and continuously keep on the buildin7f now Or hereafter'tlfut)id bn said lend and on all equipment end personally covered by this rnorrg-
ege, .vith all premiums thereon peed in full, fire insurance in the usual ftanderd puticj form, in a wen approved by the h10Rff,AGEE, and windstorm
insurance in the usual standard policy form, In a sum approved by ilia MORTGAGEE, In wch company or companies at the 1.1ORTGAGEE may
direct; ar,d all fire and windstorm insurance policies on any o; Paid bvlldingf, any Interest therein or part thereof, in the aggregate um afwessid or
in excesf Thereof, (hall contain the uwal standard mortgages cleufe or such other clause es the Mortgagee may require, making the lost under seiJ poli-
cies, each and every, payable to said MORTGAGEE et its interest may appear, a.~d each end very such policy shall be promptly ass.gned end delivered to
any held by said MORTGAGEE at further security W said mortgage debt, and, not Icss then ten (10) day: In adwnce of the expiration of rich poGCy, to de-
Ilver to said hORTGAGEE a renewal thereof, together with a receipt for the promium of fvch renewal; end there shall ba no fire or windstorm insurrnce
pieced on any of said buildings, any interest therein or part thrreoF, unless in the form end '.with the lost payable es aforesaid; end in the event any fum
of money tecornes payable under such policy or policies laid MORTGAGEE shall have the option to receive end apply the same on account of the indebted-
ness secured hereby or to permit laid MORTGAGORS to receive end use it o+ any pert thereof for other purposes, withcut th_r,t,; was:i,~ cr ~~~.pv.-
ing any equity, Gen or right under or by virtue of this mortgage; end in the event saW hORTGAGORS shall for any •eaton fail to keep the said premises so
insured, or fail !o deliver promptly any of said policies of inwrence to laid MORTGAGEE, or loll promptly to pay fully any prr.nwm therefor or to any
respect fail to perform, discharge, execute, effect, complete, comply with and abide by the covenant, or any part hereof, said MORTGAGEE may place a :o
pay for such insurance or any parttshereof without waiving or affecting any option, lien, equity, or right under or by virtue, ei this Mortgage, and the
full amount of each and eve.y such payment (hall be immediately due and payable end shall bear interest from the date thereof until paid at the rate of
nine per centum pr annum and together with such interest (hall ba secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, impai-ment cr deterioraticn of said property M any part thereof.
3. To pay ell end sirguler the costs, chuget and experoes, including a reasonebte attorney's fee end costs of abftrectt of title, Incurred or paid at
any time by said MORTGAGEE, because or in the event of the failure on the pert of the said h10RTGAGOR to duly, promptly end fully perform, discharge.
execute, effect, complete, comply with and abide by each end every the stipulations, agreement f, conditions, end covenantt of said promissory note and tiia
mortgage any or either, and sad costs, charges and expenses, each end every, shall be immediately due and payable; whether or not there be nonce de
nand, anernpt to collect or suit pendng; and the full amount of each and every wch payment shall bear interest from the date thereof until paid at the
r:::~ o` nine per cemum per annum- and all said costs, charges and expanses incurred or paid, together with wch interest, shall be secured by the lien of this
mortgage.
6. That (a) in the event of any breach of this Mortgage er default on rho part of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred 'o be not promptly and sully paid within thu:y (3U) days next after the same severeily become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, agreements, conditions and covenantf of said promissory note end this mortgage any or either are not
duly. promptly and fully performed, d scharged, executed, effeUed, completed, complied with and abided 5y, then in either or any such event the raid aq-
yrcgate wen mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pa~;~
ab'e forthwith, or thereafter, at the option of said h',ORTGAGEE, as fully and completely as if all of the raid sums of money were ongir.ally stipulated
•o be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; end thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, wit et law or in equity, therefors or thereafter fxgun, may be prosecuted as if all moneys secured hereby
h.:d matured pryer to .ts institution.
7- That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any clain-~s he•eu~der, said hORTGAGEE sh.ali apply to the Court having jurisdiction thereof f.,r :he appointment of a Receiver, wch Court shell
Forthwith appoint a receiver of said mortgaged property .,II and singular, ir,clvd~ng ail and singular the income, profits, awes and revenues fron whatever
source derived, each and every of which, it being expressly understood, is hereby morgaged as if speulically set forth and described in the griming and
habendum clauses hereof, and such Receiver shall have all the broad an6 effective funrJions zed power in anyv.ise entrusted by a Court to a Receiver, and ~
wch appointment shall be made by suth Court as an admitted equity and a matter of absolute right to raid MORTGAGEE, and without reference to the
a~.quacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants; and that su :h
rr,ts, profits, income, issues and revenu^s shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of wch
Court.
B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply witfs.and abide by each and ovary the stipulations, agreements,
conditions and covenants in said promissory note and this etortgage set forth.
9. That in the event the ownership of the mortgaged pren,iscs, or any part thereof, becomes vested it a person other than the MORTGAGOR, the
hORTGAGEE, its succeswrt and assigns, may, without entice to the MORTGAOR, des: with wch successor or successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the f,1or'gagors' liability here-
under or upon the debt hereby secured. No tale of the premises hereby mortgaged end no forbearance on the part of the MO~iGAGEE or its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by slit hORTGAGEE or its successors or assignf, shall operate
to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole or i~ part.
10. II is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver of the farms hereof or of the instrument tecured herby.
11. In add lion to the foregoing monthly payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees !o pay to mortgagee with each mcn:hly payment an additional wen estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow-
ing:
A-A!I real property taxes levied or assessed against the above described real estate.
g-Prer»i~mt on fire ar.d windstorm insurance as herein required to be carted on the improvements situate on the above described premises.
C- Premiums on such mortgage gvaran;y insurance as mortgagee shall from time ro time deem fit to carry on the loan secured hereby.
Irlortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
payable on the doe date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in wch
,o~~nt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gvarznty insurance
premiums.
N YlITHESS 1":HEREOF. the said MORTGAGOR has hereunto set his hand and seal the day and year `first aforesaid.
igned, sled livered in the presence of: ~
ap
(leap
(Seep
STATE OF FLORIDA
55-
COUNTY OF - S t i).10 ~
(`anrsoa Ar~rlPrl P"~ _ end
Before me personally appeared
Eli zabe~h Ad~lerLey hit wife, to me well known and known to me ro b.-
the individuals described in and who executed the foregoing instrument, and acknowltdged before me that they executed the same for tho purposes
therein expressed. And the raid iii Z~~Pth Adda]^~ A~ -
wifc of the said __ George Addf~rlPX upon a seperote and private
examination by me taken separate and apart from her said hu:oand, eckrwwledged to and before me that the executed aatd instrument freely and volun-
tarily end without any compvkion, conftraint, apprehension, or fear of of from her said husband.
WITNESS my hand and official seal this ~1'd day of -~~ "
W -d~.r.....++
Notary Public In and for the State of Fbride at large
My Commission expires:
,tat.uttnr,/t ('~ -
fi`{t ~"',gafetef • 6s.Afa~}o~ Et lean Association -
of keTR:pi,:ce. Notary Pubt(c, State of Florida at Large
,,~~ ~F;}<rE~df_re~, fforlde , t FI~.ED AND REDORQEp !~'Y Commission Expires April ?4, 1965
` Il ^rr. bonded by American Surety Co. of N. Y.
.~•~ ;-~~~-" ~- - 19 ~ -8 Pr's" ~: 08 : ~~,-;~, .,. .:; :~~.
"'''~~'• ... •''•- ~ ROGER `` "`'j '-
"~• ~ ~ POlT ~ ~- '
.:t. ~ si ST. IUCfE COUNTY, FLORIDA '' ~_~'-~ , ~ - _-
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