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3, To ploc. ond conlinuou.ly k.op on Ih. buildingo now or her.ol1.. .Jluot~ on aald 'on<! and on III Iqul,:>.,enl 100 pononllly covered by Ihi. morlg'
ogl. with III pre .Ium. Iheroton plid in full, fir. In.uronco in lhe u,ual ,,"ndord poHcy form, In I .um Ipplovld by lhe MORtGAGEE, and wind.lorm
In.urance in Ih. u.uol "andard poky form, In a oum opprov..! by I.>e MORTGAGEE, In olKh company'" componi.. II lhe MORTGAGEE moy
di,ecl; ond oil Ii,o Ind wind.lorm In.urone. pclicloo on ,..ny of ...Id boJildingo, any Inl.rool lheroln or port l"O'lIOf, In lhe "9\I,egolo .vm aforouid or
In uc... thereof. ohl' conlaln Iho ulull .tondord mOO'lgog.. c1IUIO or such Olher cllu" II Ih. Mtltt~I9" mlY roquiro, mlklng lhe Ion undor ..,d pol~
cie., eoch Ind ov.ry, ;>OYlblo to tOid MORTGAGEE .. ilt 'nlorool mlY "PPH', and eoch Ind .very '\JCh policy Ihlll be promplly Ingned Ind deliver<d 10
on, hlld by uld MORTGAGEE as furlhor lecurily 10 'old mo<lgIll. dobl. and, nol 10" Ihon 'on (10) dlYo i:l odvonu of Iho ."plrolion of uch pol,cy, 10 d~
livor 10 uid MORTGAGEE I re;><lwII Ihoroof, 10000lher wllh a ,oeeipl for lhe promium of lveh ro~wol; and lhero ,holl bo no fir. or wind,'orm insvrln:e
placed on any of uid b<Jilding.. Iny Inl,"o,1 ,her.in Of port lhereof, unl"I In Iho form Ind wilh the Iou pOYlbl, It oforo..id; and in tho ovonl any Ivm
of monoy ~comu plYlble undor lveh policy or policie. aaid MORTGAGEE lhell hi va 1M o~tion 10 roeeive and opply Ih. ...mo 0:'1 a"ount 01 Iho ind.bt.d.
nell '~\Jred hereby Of to permit I.i~ MORTGAGORS to receive and ua. it 01 any p.r. thereof for other purpo'~I. without 1h:"retJl ......~l...-il\g or 1I11pOI~'
1"9 any eqvity, lien or right undor or by vlrluo 01 thll morlglg.; and In Iho ovonl uid MORTGAGORS .hlll lor Iny r..~n fail 10 keep Ih. .Iid premi.e. .0
insur.d, 'A hil 10 doliver promptly Iny 01 ..Id policiel 01 in.uronce 10 aaid MORTGAGEE. or fail ploml'lly 10 pay fully Iny pr.mie.m Ih.r.tor or in In~
r..~ct hil to perform. dilChorge, ..ecvte, effo<:l, compl.to, comply with and ..Ibido ll.y Ihil covonont. or I~y plrt h.r.of, uld MOR (GAGEE m'T place a"eJ
pay lor .vch in.ur.nee or Iny porI thorool will>oul wolving or offotllng Iny oplion, lion, oquity, or rig~! ,:r,Jc< Of by virlue 01 Ihi. Mortglge, Ind th.
full .mounl "I lOch and .vory luch paymenl Ihall bo Imm.dill,ly due and paYlbl. Ind I~llll bu, ;nle,e.1 f,om Ih. da,. Ihereol un'il paid II Ihe ro~e 01
nine per cenlvm per Innum and log.,her with ''1ch Inl.re.t .hlll be .ecvrotd by lhe lian 01 Ihil morlglg.,
4, To ~rmil, commll or luff.r no Will.. Impolrmenl or delerioralion of laid proporty Or any part I"'r.ol.
5, To PlY .11 and 'ingu'or'lhe Cotll. charil" .nd expenle,. including I r.llnnlbl. OIlorneY'I fee Ind co.II 01 Ib.trocll of IiI Ie, incurr.d or paId .1
Iny lime by said MORTGAGEE. becaule or in Iho .v.nl of the fllluro on 1M porI 01 Iha loid MORTGAGOR 10 dvly. promPlly Ind fvlly perform, d,,,harge
eucule, effecl. cemplete. comply wllh ond abido by u,h and every lilt 'lipuIOlion.. Ig,eemenll. conditionl, and (ovenanll 01 uid promiuory no'. .nd Ih"
morl!;lg. any or either, ond uid CO"I, charge. and e"penael, eoch Ino evory. ,hall be Immedill.ly due Ind p"y"b!.; .......Ihe' or nol It..r. be notice dt'
mInd, a".mpl 10 collect or luil pending; and Iha full amounl 01 .Ich Ind .v.ry luch plymenl Ihlll bur inlerell Irom Iho dll. Iher.ol vnlil paid a' Ihe
r.le "I n.nO per cenlum ~r annum; Ind III tOid COI'I, chargel Ind expen"I inc,,:rad or paid. 1000alhe, wllh tuch inl.rul, ,hall be lecured by Ihe lien of Ihi.
morlglg..
6. Thll (.) In lhe .venl 01 any breach of Ihll Mor1lllge or dellull on I.... parI of Ihe MORTGAG::>R. or (b) in !he ....enl .ny 01 to;d I'Jml 01 money
herein relerred 10 be not promptly Ind fully paid wilhin Ihirly (30) dlY' ".", liter Ihe ume uv..olly become due Ind plYlble, wilhovt demlnd or not,ce,
or (c) in Iho .venl each .nd ....ery Ihe Ilipulltionl, I9r"~nU, c_dilion, Ind covenanl' 01 tOid promil~ry nole and Ihi, morlgage any or either ore not
:luly. promplly and lully performed. d'ICharged, ,,'''Kuled, effected. compllled, complied with Ind Ibided 'by. Ihen in eilher or any ,ueh evenl Ihe to,d Ig.
greglle lum n....nlion.d in uid prominory note Ihen ramainlng unpaid, wilh Int.rell accrued, Ind all monayl tY-urw hereby, ohlll become duo and p.y'
Ible lorlhwilh. or Iher..fter, It Ihe oplion 01 lIid MORTGAGEE, II fllTly .nd complelely II If all of the uid .um, of mon.y were ori:)inlll, ",pvlated
10 be pa,d on luch diY, Inylhing in uid promin()(y nol. Of In Ihil Morlglg. 10 lhe conlrory nolwilhllanding; Ind lhereupon or lher.after at Ihe oploon of
uid MORTGAGEE, without nolice or d.mand. luil al 'ew or In .quily. IherefGre or Iher..ft.r ~un. mllo' be pro.eculed II if ail moneyl ucured her.by
had malur.d pflor 10 ;11 Intlilulion.
7. ThaI in Ih. even I Ihal al Ihe beginning 01 Of 01 any time pending .ny Ivil upon Ihi. Morlgage. or 10 foreelole It. or 10 ,eform ii, or 10 enforee
paymenl 01 any c1lim, hereunder, ..id MORTGAGEE ,hIli apply 10 Ihe Court havlnll iuri.diction Ihereol for Ihe appointment of a Receiv.r, Ivch Courl Iholl
lorlhwith appoinl a receiver of uid morlgaged properly all .nd I;ngulor, IncludIng III and 'ingulor Iho incomo, profiU, Inue. Ind revenv.' from wh.,e....r
loure. derived, each and every .,1 which, il being ."prenly under'lood. II her.by mO"Il"ged .1 if ,pecilicolly leI lorl:-' and deKribed in Ihe gran.ing and
habendum c1au.el hereol. and luch R~ceiv.r ,hell h.v. .11 Ih. br~d .nd .ffective funqi","I and powen In .nywi,e enlrUII.d by I Court 10 a Receiver, and
.uch eppointmtnl Ihall be mad. by luch Courl II on odmill.d equily .nd I mallor of ob.olul. righl 10 uid MORTGAGEE, and withoul ,efer.nce to Ihe
ad~quacy or inldequacy 01 Iho vllv. of I:,e property mortgelO.d 0' 10 Ih. 'olvency or i",olvoncy 01 uid MORtGAGOR or lhe defendlnll. and thll .vch
renll. profill. income, Inue. and revenue' Ihlll be applied by 'uc}, Racelver oc,ording 10 Ih. lI.n or equily of ..id MORTGAGEE and Ihe practice 01 Ivch
Court.
8. To duly, promplly and lully perform. diochor!Je. axecul.. .ffect, complele, comply wilh and abide by each and .very lhe Ilipulalionl, agreemenll,
condilion. ar,d eovenlnll in toid promiuorf not. and Ihil morlgage 101 forth.
9, Thll in Ihe evenl Ihe owne"hip of Ihe motlgag..! p'emi'e', Or any parI Ihereof, becomM ve,t.d in a pe"on olher Ihan Ihe M"RTGAGOR. Ihe
MORTGAGEE, ill lucceno" and a"i9ns. may. wilhoul nolice 10 lhe MORTGAOR, deal wilh luch luccenor or Ivccenor In inler.II with ref"rene" to Ihil
morlgage and Ihe del,I hereby lecvr.d in Ihe ,am. mlnner A' wilh MorlglgOf withoul in Iny wlY vltilling or d,,,ha,ging Ihe Morlglgor.' lilbility here-
under or upon the d.bt hereby lecured. No lalo of the premi.". he"by morlgaged and no forbo.ronce on Ihe I'"rl 01 Ih. MORTGAGEE or itl IUcc...orl
or a..ign. and nO edenlion 01 Ihe lime for Ihe plyrnanl 01 Ihe del,I her.by lecured given by I"a MORTGAGEE or ill oucce'lCIfl Of anigne. ,hall operale
to rele..e. ditCharge, modily chlnge or Iffotl lhe original lilbility of lhe MORTGAGOR herein, eilher in whole or in p.rl. '
iO, It i. Ipecifically agreeJ Ihll lime It of lhe enence cf Ihi, contr.ct and Ihol no wllve< 01 .ny obligllion het~'l!"''''f.'~~ 'M in,. ouiiyoiiun ..-
cured hereby Ihall al any lim. Iherealter be held 10 h. a weiv.r 01 lhe I.tr:ns h.reof 0' of lhe inltrumenl lecured h.rby....:.-. , ' (L . · .
* \.., ..',
11. In odd;lion 10 Ihe foregoing monlhly p.ymenll of princ:pII and Inle,e.1 required by Ihe prom;uory nole I~.{rlid ~..~y: 'r1Ie,ljJa\1<>r \::oven.ntl
Ind ag'e.I 10 pay 10 morlglgee wilh each monthly paymenl an .dd,lional lum cllimlled by morlgage. 10 be eqvlllo ~/.f:t'ofoft'Y'''Ml...rt'co.I."f Jt>e'foiiow-
ing; " .:: "'. t...~. ... ,;,-. I',
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A-All red I property ta.x:es levied or anessed against the .bove d.lcrilred real estate, " -..: ca~ ~"'J t~., ., : -r-
. -.... . . \,
B - Pr(:rniurns on fire and windstorm insurance .. herein require-d to be c,,'ried on the improvement. lituate Or) t!,.'. ~~. d~r~ prlmi:e~ _ ;
C- Premium. on .uch morlglge guaranty insurance II morlglgee Ihall from lime to lime d.em fil 10 carry o~ II>, ~t:n,"'QJLe" 'hereoy.: ,-,: :
Murtg.g.e .h.1I from li",e '0 lime not;fy morlgagor in wriling 01 lhe amounl clue and ply.bl. hereunder ""'~'~~ ~:m1111all ~u~ t;e. ~e and
payab!e on Ihe dve dlte 01 Ih~ nexl monlhly paymenl and each lueceniv. month ther.llter unlil mo,lgIgee Ihlll ;,b/ily' ~J~a~r ,;:r:~' '<ro;:.n Ivch
I",ounl. Such lums Ihlll be appli.d by morlgag..e loward Ihe paymanl 01 roal properly Ilxel, inlurance prem,uml. .",e! ~[r~ ?l~r.n y:.,nourance
premiums.' \' " ~ :) - -, '.
hereunto ,., hil hand .nd leal Ihe
by
atte15t
-' ~-,--,---------~ ~ ----~------- -----
STATE OF FlORIDA
COUNTY OF SoT, LUCIE
March
, A.D, 19~,
Adams
I HEREBY CERTiFY, That on this
before me personally appearl"d J.
7th
day of
Diokson
w.
and
Dorris D.
resP<<fively _
Edgewater
Secretary
Florida
_ Corporation, to me
President and
Ranches, Inc.
. a
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free aei and deed as such officers tor the uses and purpojes therein mentioned; and that they
affixed thereto the ofiicial selll of said corporation, and the said instrument is the lIct lInd deed of said corporation,
WITNESS my har.d anri official
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, sllic! co~ lInd stllte.
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blic, in and for State and County aforesaid.
inIon Ex~i~.ti.... ,
.. , .. l Pub'lc Stilte of Flonda lit lll~!\'
'.' ,\',' ','\'lIOtalY , . " , A-I 2~ 1<305
. \ ~'~ l, ,,'f~Y4i:mm;sSlon EX[l:r~s ,~nc . f N, y,
: ,~, ..'. ,,' r:I d by AmencJn sure,1 0,0
; ". . ,. -- .........-.... pQ 't
ROGER POITRAS Cl~fJk' i..l!,~'~'i..l?;<.lq~!~~\)n':uJ
, J ,~"i' \, . t _ 1\... ..\ .-,-.-.~-,..4..... -'_
Sf. LUCIE COUNTY, FlORlt~" ,~n:: ,::r~~,~) ':l.I
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seal lit Fort Pierc11380~)
FILED AND RECOi
n~ '-offttlat-
1963 MAR -7 PH 3: 54
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