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3. To pl.c. and conllnVOUlIy hop (WI the bulldlftlrl .- ~ 'fIerwftfl' ~tv... on ,aid land and on all .qulp",.r:1 and peu<>nAlIy cover.d by Ihl. morl",
~e, with all pr.mlutnl lherK.n ~:d In full, fire lnaura",a In lhe u.~1 .t.ndlld policy fo,m. In alum .pproved by :he MORIGAGEE. .nd wind.to,m
Iravrence In lho u...,.' ...ndArd policy r.....n, In a wm approwd by the MORTGAGEE. It: ;u<;h com~ny or cOO\pa.li.. II lhe MORTGAGEE may
dir.-:I, &I\d all fir" .nd wlndatonn lnautance polk'" on any (If Mid building., any Inl.r..t thorein or pari theroof. 1'1 1M all9'egal. .VO' afo,euid or
In uc.u IMreof. aNtll conlaln the _I lI~ndard r~ c1_ 01 I"ch other cloVM al ,he t.'01gago. may r.quire. maklolg tho 10.. under ..,d pol;'
clo., uch and ....ory. payabl. ,to MId MORTGAGEE u III Inl.,..t may appell, ~nd uel. and .very .IKh p<)IiCY .h.1I be promptly .u,gne<i .nd d.liY.r~d to
a.\y held by Slid MORTGAGEE.. furt"'" HC'Ir,lty to uld mortg. deal. .nd, nol I... lhen t.n (10) d.y. In advAnc. of lhe expiration of e.ch policy. 10 do-
liver to Mid MORTGAGEE a r_w.1 the,eof. ~ther with a rec.lpl 10, the pranllvm 01 Iu<;h ra",wal, and Ih.re .MII be ~ fi,. or wlnd.lorm lnauranco
pl.ced on an'f 01 ..Id building.. any 1..Ior... ~er.in 01 part IMreof, unlo.. In Ih. k-rm end wilh Ih. 10.. pay.ble II aforauid; .nd in Ih, .v.nt any tUn!
01 mon.y beeornel p41yabl. und.t ::.u<h policy 01 pollc~. Mid MORTGAGEE .1,.11 h..... lhe option 10 rKotiv. And apply lhe umo on account of th. indebted-
MU .ecvred Mreby or to permit ,ald MORTGAGORS 10 rec.l", and u.. h Of .ny pari Iheroof fo, oth"r pU'pOl~" wilhoul Ihe,,'bt waiving 0' ""p.ir,
Ing illY otqvily, lien Of rlghl l.nder Ol by vlrt.... of thia morl{l~., .nd In 1M .....nl Mid MORTGAGORS .holl for any r.IIOn fail 10 ke.p Ihe ..id pr~mi'eI 10
In.ur.d. or fall 10 deliver ",omptly anI of ..Id poiiclfl of "'.ura",. 10 uid MORTGAGEE. 0" fail promptly 10 pay fully any pr~mium the,efor 0' in any
ro.pe<t fall 10 perform. diKhargo. ."..:ut., .ffect, compl.le, comply wirh and abido by !hil coven.nl, or any pa,I hereof. u,d MORTGAGEE may place ond
~y for .uch h4ura"'. or any part t1....eof wllhoul w.I...lng or affecting any option. II.". equily. or righl vnde, or by virlu. of ,hi I Mortgage. .nd the
full amour,t of 'Kh and .very .uch paymonl .h.1I b"l !'llmedi'lely dv. and payabl. .nd .holl b<tar inter"l from lhe d.I. ,h.reof unlil p.id at Ihe rate 01
nine per cenlum par .nnum ond 'ogolher with lveh Inte'OII .hall b<t .ocured by 1M Iian of .hi. mortgago.
4. To permil. commit or .uffer no Will., Impalrl1Mnl Of d.terioratlon 01 eald prOpelly or any part lhereof.
!'. To pay al: .nd .;ngullt tM coel~, charges .nd ."pen.... Including a r...on.bl. allorney', fee and CO.I. of ab.lracts of 1I1r.. Incurr~d 0' paid al
.ny lime by IIld MORTGAGEE, beeau.. or In lhe evenl 01 lhe hllura on Iho parI of Ih. uld MORTGAGOR 10 duly. promptly and fully p~rlorm. discharg~,
UKul". elf'd. complele, comply wilh .nd .bid. by 'Kh and .very Ih. .Ilpulationl, agre.ments. condition.. and covenanll of uid promiSlory not~ and Ihi,
mOllg.g. any or .ilhe" and uid COlli. cNrg.. and ."pen.... each and .very, .h.1I be immedi'I.ly dve and p.y.bl.; whelh", 0' nol th.re be notice d..
m.nd, ellempl 10 collecl or luil pendingl .nd Iho fvll amovnl of .ach and every Iu<;h p.ymenl Ih.1I bear intere'l from the d.te the,eof until paid al the
rate of nine per centum per annum; .nd ali uld co.II, cheroe. .nd ."pen"l incurred or ptid. log.ther with .uch intere'I, ohall be .ecu,,,d by Ihe lien of Ihi.
rnorlgag..
6. TNt (el In 1M .vonl 01 any breach ci Ihl. Mortglg. 0' dafault on the p.rt of 1M MORTGAGOR. or (b) In Ihe evenl ac.y of .aid .um. of monoy
heroin referred to be nol promptly and fully paid wilhln Ihirly (30) day. r,exl .lter th. uma leverally be.:omo due and pay.ble, wilhout d~m.nd or nOlice.
or (c) In Ih. avenl each and .very lhe .tipultlion.. I9reem.nt., condilio.... llnd covenanl. of uid p,omiuory nole and Ihi. morlgaga .ny or .ilher are not
~vly, promplly and fully performed, diacharged. execuled, .ff.cled. completed. compl1'Od ".ilh .nd .bid"d 'oy, th.n in either or any .uch evenl the uid ag.
grl9"e 110m manlioned In Mid promiuOfY nola lhen romair:rog unpeid, wilh InterOll accrued, .nd .11 moneyl .ecured he,.by. .hall become due and p.y'
ebl.. fOll~l"" ah. or lhereafler. at Ihe option of I.id MORTGAGEE, II fully .00 comphlel!, as if all of Ihe .aid .um. 0: monoy w~r. or,ginally .tipulaled
to be paid on .uch d.y. anylhing In uid proi1\i..DtY nole <or In Ihi, Morlg.g. 10 Ih" conlruy notwith.t.nding; and th.roupon or lh~'eafter at Ih~ oplion oi
uid MORTGAGEE. wi,houl nolle., or dem.nd, .uit at law Of In .qully, Iherefore or therealter begun, may be pro.~cuted '" if oil money. .ecured hereby
had malured prIor 10 its intlllulion.
7. That In IN .v"nt Ihal .1 I"" be-01l;'lning of or III any lime pending .ny .uil upon Ihi. MO,lgoge. or 10 forKlo... it. or 10 ,efo,m it. or 10 .nfo,ce
pa'f'l'nenl of any claim. horeunder, ~aid MORTGAGEE .h.1I ap:>ly to Ih. Ccurt h.ving ju,ildicticn th~r~of for Ihe appoinlm~nt of a Receiyer. .uch Cowrl Ihdll
forthwilh appoinl a rKoiv.r of uid morlgl9.d properly all .nd Ilr.gulu. Inclvd,ng all and .ingular rhe incom... profit.. ;nue. and ,~yenuel from> whdt.ve,
IOu"" d.rived, each and every of which. il baing oxpreuly und."Iood. i. hereby morlgag~d .. if .p~cifically .~I fOrlh and desc,ibed in Ih. granling and
habendum clau.~. h~reof, .nd .uch Rt'ceiver .h~1I h.ve all Ihe broad and offKtive function. anri pow"" in anywi." enlrulled by a Courl 10 a Recciv~,. and
luch appc.inlmenl .h.1I be mado by .uch Courl al .n admilled equily and a mall" of ab.olute riwht to uid MORTGAGEE. and wilhout ,~fere.1Ce to the
edequacy or inad~quacy of Iho value of Ihe properly morlgaged or 10 Ill. .oiv.ncy or i",oly~ncy of uld MORTGAGOR or th~ d.fendanll, and Ihal luch
r.nt.. prof ill. Income, ,UU.I and revenue' .hall b<t .pplied by ouch Rec"lve, according 10 Ihe lien or equity of .aid MORTGAGEE and Ih. practice of .uch
Court.
8. To duly. prOl1'plly a'ld fvlly perform. dischug.. ."KU!', effect. complet.. comply with and .bide by "ach and ev~,y Ihe 'Iipulationl. agreemenll.
condilion. and cov~n.nts in uid promiuory nole and Ihil morlgaga .el fOrlh.
9. Thot in Ihe evenl lhe oW'le"hip of Ihe mortgaged premi.... or any pari thereof, becom.. ve'led in e person olher th.n th" MORTGAGOR. Ihe
MORTGAGEE. it. luecenon llnd ...ign.. may, Wilhool notice 10 Ihe MORTGAOR. d.. I wilh such .uccenor or .uec"nor in int~re.t with reference 10 Ihi.
n.orogage .nd the debt h~reby lecur.d in Ihe ume m.nner II wilh Morlg~gor withoul in .ny way vilialing or d..charging Ihe Mo,lgagor.' liabilily h~ro-
unde, 0' upon Ih.. d~bl hereby .ecured. No ..10 of Ih. promi... h",,,by MO,Ilillled and no forbearance on the p.rt 01 the MORIGAGEE or ill 'ucceuo"
or auign. and no .xl.n.ion of Ihe lim.. for lhe paymenl c;f the d"bl h"reby .K",.d ~iv.n by Iho MORTGAGEE 0' i:. .ucceuon 0' auig"'. .hall operate
10 r~I...e. dilCharl1e, modify ch.nge or .ffect lhe original liability of the MORTGAGOR herein. eilher in wholo or in porI.
10, It i. ,pecifically agreed thel lime I. of lhe ....nc. of Ihl. contrll1 and Ihal no waIve.. of .ny obiig.!ion h.,.under or of Ih. obligation .e-
cu,,,d hereby .h.1I It any lirn. Ihorufter b4I hold 10 b<t a waiv.r of Ih.. lerm. hereof or of lhe in.trument .~cured ho,by.
11. In addilior 10 Ihe for"go:ng monthly p.yments of prine pal and in'er~.1 "quir~cl by the p,om;uo,y note .ecured he,cbt. mortgaJo, covenanll
and agroes 10 pay 10 "'ortgag~e with .lCh monlhly paymenl lln ariditio"al cum ellimat.d by morlgage" to be equ.1 to 1/12 of Ihe an"Udl COil of Ihe follo...-
ing:
A-All ,..1 pro~rty taxes Ievi"d or .uoned ag.inll the above described real e.late.
B-Pr~rniuml on fire and windstorm insutal'. .. herein required to be carried on ,he impro....emenh situate en the abo,,'e described premise:.
C--Premiums 0:'\ such mortgage gu.rlnty insurance '1 mortglgee ,hall from time to time deem fit to c~rry on the loan lecured hereby.
Mortgagee shall from time to rime notify mortgagor in writing of the amount dlle- and payable hereunder and such sum shall thereupon be due c.'lr:u
payable on the due date of the next monthly payment and each successive month thereaft~r until mortgagee shall nOf;f.,. mortgl!gor of a cha'lge in su.:;,
arnount. Sueh sums shall be .pplied by mortg.gee tow_rd th. p.yment of rea: property t.xel, inlur.nee premiums, and mortgage guaranty insurdnce
premh.;ms_
N WITNESS WHEREOf. Ihe .aid MORTGftGOP. hll her.unto .el hi, hand .nd .eal the
gned, 50lled d Ivored In the presenc.. of,
day and y~a. filiI R'lla,d.
ROBERT ( +) BAILEY
Mark
1r M.14 13 ~~
(S"al)
(Seal)
(Seai)
(Seal)
STATE OF flORIDA
Stl
Lucie
ss.
COUNTY OF .
R_obert Bailey
and
Before me person.lly .ppe..r~
Ruth Balle,. hi. wife. 10 me well known and know" 10 me to '>e
Ihe individual. d~.cribed in and who ."eculed 1M foregoing inSlrl.:men!.fttd hk~l~ b41for. me thaI Ih.y e"ecut.d the .ame for Ihe purpo.el
Ih"r.ln ."proned. And th. uk' ut Jjal~ey
w;fe of Iha ..id Robert Bailey upon a .ep.,ale end private
.xamination by m. liken upa..l. and .parl f,om hor wid hu.b.nd. acknowledged to and before m. Ihal .ho oxecul~d said insl,umenl freely and vo!un.
tuily llnd withovt .ny compul.ion, con.tralnl, apprehen.ion. Of fear of or from ~r said !>".band.
WITNESS my h.nd and offici.1 I.al Ihi'-- 2'3rd day of
,A.D.19~
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.,I.ry Public In .nd for Ihe Stata of Florida al lMge
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Notary Pub:lc. State 01 rlonda :t t~~\ll
MY commiSSion Explr~s Arm!,2 . f N '(.
Bonded by American suretY ....0. 0 .
113456
fILED ANllRfr.n"OED
IN --9m~I.~r~~?ODK
1963 FEB 25 AM II: 06
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