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57 iAbE 35
3, 1'0 pl.c. .:><1 coolinu.w~1y k'.leP on I;,. 1:<Jlldingl .- M hereefj., allv.t. on 1.1d I.nd ....1 c-n .11 ';q-Ulp._OI and p.n,:,o.ll., cover..d by !hl. morl\t
4:1", wi.h .11 ",.."iurnl Ih.,1'O/\ ~id io full. Ii'. k'.un.>,;o I" lhe "....1 .f...:t.,d polic{ fou;., I.~ . .vm ."",ov.d ~, ,'''' MOP:IGAGH, .rod wir"hlorm
ir,...."oc. io the v.u.1 .I".d~"i polic{ fOlln, ;" . Ivm .pp<o"aod b'( I!-.. MOR1GAGH, In s""h t<>mptlly Of com~nl.. 0\ I~. MORTGAGEE m.y
cir.d: .od .11 flf. .nd ....ind~torm lnwr.nc. polkle. on M'V of ..:G bo:lIdi"ll" ...., ;n;.....1 lhe"ln (It pt,t 'he,eol, In lhe og9'.gll. Ivn. .lor...id '0'
in uc... .".,<oof. ~""II conl.ln ,I.. "lv.1 "er~,d mong~ cl...... or s:x'" 01..... cl.".. a.~ It>. MorllltgH "..y r~vi", :-n.kill;l lhe 10.. uod., It,d pei!.
t''', '"C'" .o.d ~v..-y, pay.bl. to ..Id MORTGAGEE" ill Inllf"t ~y appaar. and .Kh .nd .very ",c'" policy .....11 be pr<>mplly ...,gn.d .nd d.I;~er.d 1<"1
.ny h.ld by .,Id MORTGAGEE .. furl...... ..cv,ity to Hid mortglll" debl. ar.d. not .... lhen I.n {IO) d.v- In .d',."" 01 ,h. ..pic ,'ion 01 ..ch policy, to d....
Ii',"' I,) ..id MORTGAGEE . ,,:\1.....1 thereof, I~'Ihe,' wit'" . 'K.lpt IOf Ih. pr.."lum 01 ",x:h ra"'w.11 .nd lhere Ih.1I b4I 00 fi,. 0' wir.dltorm I".u"nee
r1oc.d "" .ny of ..id buildlngl. .Ily Inl,r..t lhe,.in '" ~,t lhereof. linlMe in lhe form .n<! wi.... the Iou Pay.bl. II .10' IlIid; Ind 10 tt. .v.,,' .n~' .um
of mOMY becom..' p"y,bl. Vl'>Olr IUC'" polky ..r policl.. IIld MORTGAGEE .h.1I hev. lhe oplK>'. '0 1e<:..lve Ind Ipply the ..rr" on ",counl of I~,. indablcd.
n... .",...red ".r.by 0' 10 pe,mil uld MORTGAGOMS to recelv. .nd use II or .ny p.,I t.....o.ol for o:h., pu,~", wilN:>ul Ihc'<b( wai""iI or ""p''''
'''\I ..,y .qvity, ren or ri\l1'ot un<;le, or by vl,tue of Ihll morlg.gel .nd In lhe .vent IIld MCRTGA~RS .!l.1I I"" .ny ~on foil 10 keep tho ..id pr.mi... 10
in....red. or fail to deliver promplly .ny 01 -.aId Vllici.. of In.v",'1<e to IIkI MC'llTGAGEE. 0' fail p,omplly I:) pay fvlly .oy ?,e""um Ih.refor ">1 in eny
,..pecI f.q to ~ "form. dilCh.,g., ,x","vle. .11<<1, COf"plel., comply wit'" .nd abide by ,"'il co,"o.n', 0' MY p.rl "'ereof, Ilid MORTGAGEE m.y p:.ca ,',d
PlY for .lKh I",vfloc, 0' Iny ~n lher~1 wjlho<Jt w.h'lng or .ffe:c':"Il .ny opl;,,", I:.n, eqvity. or rlghl v,,,jar .;x by virlv. ul th'. MO,lgIg'. .nd Ih..
full Im.""ot 01 .ach .nd .,.,y IlKh p""ment .....11 b4I immedl"ely OUt ..'\<1 ~y.bt. .nd .h.1I boor inlernl from the dlte ther.oi u"lil p.id II ,h.. ,.te of
nino per cenlum pe' ennvm 'nd, tog.the, with 'uc... 10:"'0111 Ih.1I ~ ..cvr"d b). :h. lien 01 Ihis morlg.gi,
~, To permit, commll C'( .vf/er no .....,.. kn~lrmenl Of deler;onlk>n of Mid p,ope,ly or .ny ~" the,eol.
S, To pay .11 .od :ingvl., Ih COI". chorge. .nd expan"l, inclvdlng . ,,)..onable .ttorneY'1 fee .nd <01" of .b.lratt. o! li:I.. :ncvrr.d cr p.ld .'
Iny ::m. by ..id MORTGAGEE, ~c.v" or in lhe .v.nl 01 the follv,e on lhe porI 01 I.... uid M0111GAGOR I') duly, promptly .nd fvlly perk,m, d,ach.ril",
...cule. .ff"", COlT'pl.t., CComply with .nd .bid. by .IC'" .nd eve,y the .tlpvlation.. Ill"..n,enl'. co...,dition., .ncl covenlnts 01 ..id promi..ory no'. end Ihi.
mortglg~ .ny 0' .i:he" .nd lI,d co,t" c...ug.. .nd ."pense., elC'" and .VlfY. Ih.:' b4I Immedl,'ely dv. and pay.bl.; wh......r or 0.01 Iher. be notice d",
m.nd, IIl.mpt 10 collec! 0' .uil penoi"ll; 'I'd I.... fvll emount of .IC'" .nd "vcry IVC'" ~ym.nl ,"'ell ~or Inlere.' from Ih. dll. th.r.ol ...olil plicl 01 t:,.
r~)fc ~f nin.... per centum per "nllum; and ~1I laid COlli, charge. arid ex~ns-"I incurr~ or paid, togeth~l with lueh In!eres', .hall be aecured by t~e !i~n of this
n,orlll"g.,
6, Thll (.) In Ih. .v"nl 01 .ny breath of Ihl. .Ytortgag. 0' d.favlt on I.... p.n 01 I~ MORTGAGOR, Of (b) In ''''e .vent .ny 01 ..id lum. of moo.y
hereio rel.rred :0 b.: nol promptly .nd fvlly plid within Ihi"y (30) d.y. oul efte: Ihe um. .ever.llf become d", .r.d ~l.ble, withoul d.,n."c or noliee.
or (e) in th.. ev.r,I .a::h .nd .very Ihe .tipvl.tio,,,,. """em.nll, ::ondiriont .nd cov.nanll 0; ..iei p,oml..ory 001. .od Ih.. mcrlgege .ny 0' ,.,ther ... 001
:bly. promprly .nd lully perform.d, dilCharged. execvled, .ffecl..d, compl..led, complied wil'" .nd .bid.d \ly. th.n in eith.r 0' Iny .uch .v.nl the I.id Ig'
greg,t. ,."m m.nlioned In ..id p,omi..ory no'..I....n ,eMeining un~ld, wit'" Inl.rel' .ccrved. .nd all moneYI ..cu,..d "'er.by, .hlll become d". .nd PlY'
Ible forthwith, or tnere.ft.r, .1 Ih. op:ic>n 01 uid MCRTGAGEE. al fvlly aocl complelely' II if .11 of Ih. ..id .uml of money were orog'r.lly lIipul,'cd
ro be p^id c>n .vcn dlY. .nylhing in ..id promiuory nole or in Ihil MO'Ig1ge 10 Ih. cont",,! r.olwilh.lIodiog; .nd ~revpon or Ih"..al'.r .t the ..plioo 01
..id MORTGAGEE, wilhovl n",tice 0' d.mlod, ovll ., lew 0' In eqvity, I......fo'e or Ihe,eafte, b.gun, mlY be pro.ecvl.d .. if .11 mooey. ..cured her. by
hdd malur~d prior to itl !nltilufiou, .
, 7, Thai in the ever.t that lit th.. beginning of or at ~ny time pendi, ~ arl'f luit upon thit Mc-rt\1&ge, 0( to foreclose it, or to refor"... it, or to enfor<e
paym.nt of .oy c1.:m. he'.vod.r. .Iid MOR!GAGEE .h.1I .pply :'" the Covn ....ving iuri.diction thereof for the appointm.nt 01 . lIe:eiver. .uch Cour' .hail
forthwith appoint a receiver of laid mortgiged property 6.11 anci .inguiar, indvdlng all and singular the income, profit" issues and revenues from v/hal~l/er
.ource derived. .ech .nd .ve,y of which, it bei"9 expre..I, vnci.'lrced, .. her.by mortglg.d .. il 'P<"Cifically Itt lorlh .nd deac.ibed in the gran:ing .nJ
h~bendum cI,~lUsel hereof, ar,d such R:(:(eivf!r shall have all H:e broad Ifld effKtive functions and power. in anywise entrlJloled by a Ccurt fo a Receive.... and
.c:ch oppointme"t .h.1I :x mid" by .uch Covrl ~. .n .dmill"d eqvity .nd . mall,,, of .b.",I"I. ,ig"'t 10 ..id MOl:TGAGH, .nd w,th"ul r.ler."ce I') Ih.
.dequoc'( a' in.deqvo<y 01 th. val". of th. properly morlg'il.d or 10 r~ .')Ivency or ;n.olvency 0'1 ..id MORIGAGOR or Ihe d.f.nd.nt., ord that .uch
rent.. profi". ;,,,om., in,'e. arid rev.nv.. .h.1I b4I applied by Ivch Re<:"iver ""o,ding 1<"1 Ih. lien 0' equily 01 ..id MORTGAGEE .nd Ih. pre"',e of such
Covrl,
B, To dulv, p,omplly .nd fully p..rfo,m, dilCh~rg.. "x.oul., eflec!. compl"" c:>mply wil}, and .bide by .Ich .nd every the lIipvl.tiom. .gr.em.nll,
condilions I!l",:j eoventnll in said promiuory note at,d this morlglll'l!' ..et forth.
9, Thlt in th. .v.", Ih~ own...hip 01 rh. morlg.g..d pr.",i.... or .ny parI Iher.cf, becom.. v..,..d in . p.rlOn other Ihln rh. MORiGAG0R, !h.
MORTGAGEE. its successors and tlni~:1', may, without nolice to ,he MORTGAOR~ deai wilh Ivch JIJ'!:CeUor or lueeenor in intertH with reference to Ihll
mortgage and the deb1 h~r~by secure.d in th~ same manner 81 with Mortgagor without in any w~y ...iti..ing or discharging the Mortgagors' liability her~
under or "pan the d.bl herehy '",.Jred, No ..I. of 11-". pr.milt. hereby morlgo;jed ,nd 00 10,heM.nee O' Ih. p'rt 01 rh. MORTGAGEE ')( il. ."c"..o"
or i!l1sig"s ~nd no ~x'enlion of the time fer the payment of ti,e debt hereby secured give;, by the ""ORTG.A.GFE or its lue,euotl or auigr.l, ,hell operate
to rel.a.e, d'lChlrge. modify chl"g" or offect the original li.bility of the MORTGAGOR "'"rein. eirhe, in whol. or in parI.
10. It h Ipecjfic~l1y agreed thit time is of tn~ ellence of !hil contrlct a:'\d thai no waiver of any obligation hereund~r or of the obligation se,
cured hereby .h.11 ^t .ny lim. ,h.'eall.. be held 10 b. . w.iver of Ih. lorml I ~reoj or af tl>e in.trum.n, .ecured "'"rby,
11. In ~.Jd,1ion 10 th~ forego:r.g month!y payment. of princ'pal and inl~rest required by !he prom;!1ory note secured hereby, mOrfg3g0i" coven:!n.!
<'l1d d]rCt:S 10 pdt to mOitgdgee wilh ell,h r7lonthly payment an additional sum eSlimated by mortgagee to be equal to I; 12 of ,he anrlLl~1 cosl of the follo........-
119:
A. -Ali re.::1 prop,.::ty taxes levied or .n~Jed llgainst the above described real estate.
e---?r~It1:.JfTlS on fire and wjndslo~m insura~ce al h~rein required 10 be carried on the improvements lituate ')n the above d~scribcd premises.
C-f'r.~rniuml on such mortg~e guaranty insurance IS morlg.gee ,hell from time to time deem fit to carryon Ihe loan secured hereby.
MortgJqc-f:.' sha!1 from lin---'e 10 time nOlify mortgagor in wriling of Ihe arnOI)nt du!! and pay,bl~ hereunder a!1d such sU:Tl shall ther~upon be due and
p "iub~e 0'1 The due dJle of the re..t rnonthly paymen' ,and ef.ch iuccenive month ther~afler unlil !110rtgagee shall nolify mcrtgagor of a change in such
~',::O'.Jfll. Such S...H'" 5!-~~! be a;Jpiied by m.:>rlgagce toward Ihe payment of real pronerty !ailte.. insurar.ce prem;ums, and mortgage g\.la.ranTy ::1surance
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Ir~ '>'I, flit'S NHEREOF, the ..'r! MORTGAGOR hu
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h.r.unlo ..1 hi. hand .nd ..Ii the
STATE Of flCRIDA
COUNTY OF ___
3aint Lucie
ss,
3.Ic'. m. pe.-.or,ally eppou.d
~il11em V. Proctor, Jr., a single adult
;h.-' individv.}A' d..crib-W in .od who
th.r.ln expre"ed, ~&XlX:
hilC;(;JI5, to m. w.1I koown ..,d known ;" me 10 boo
.xeculed t..... fOi~oj"'ii ;",',v,.".nl, .nd ad<oow1ed2ed befo,e me I....t lflJf( execuled Ihe ..m. lor Ih. purpc...
he
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