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3. To pIece eno continuously "'up on the buildings nQW or he,eatler .;tvale on said land .nd on ell equlpmconl .nd pertonllly ccver3d by Ihls mOllg'
~e. wllh ell premlume lheuon peid In fvll. fire '"",renee In Itw veual It.nda,d polky form. In . IUffi .woved by the .....ORTGAGEE, end wind.torm
Insurence In lhe usual ItaI.d.,d poliq fOtm, In . lum awove<! by :he M9t\TGAGEE. In tuCh co.n~y 01 comlNnl.. II lhe MORTGAGEE m.y
di'~t. .nd ell fire .nd wlndatorm '",'r.nee polk'" on .ny of Hid bUilding.. .ny Inle,e.1 I....~n or part the,eof. In lhe 1lXl'~ale sum afor...Jd or
In .,,,... thereof. .hall conl.ln the ue\M1 ItancU,d mor~ e;lav.. or IVch olher (I...... .. the Mortg'~ may requi'e~ makIng tha Iou unde, ",d poll-
cie.. Nch Ind every. paYlble to Mid MORTGAGEE .. I" Inter... may eppMr. and H<h .nd av.,y such polley ",.11 be promplly .u;gn.d .nd deliv.,ed 10
any "-Id by ..Id MORTGAGEE.. fvrther HCUrlty to Mid m<<lVtge debt. and. not '- INon ten (10) d.Y' In advance of lhe explral;w of ..,h poliCY. 10 d.-
liv., to ..ld IoIOftTG".GEE . ,_.1 .....reof. toga"'" ....I.h I receipt for the pta.mlum of IIKh r~.I, and the" ....il be no f're 0' wlnd.torm I,\lu,.nc.
placed on .ny of ..Id bullnlng.. Iny In'..... th<<eln or part t'-eof. unl... In ,he torm and with .he Iou peYlb.. II .fore..id; Ind In the Ivenl Iny lum
of money becomeI paYlble unci<< .uch policy or polic'" Mid MORTGAGEE ....11 NVI the oplion to r9Ul.... Ind Ipply tho ..me on Rccovnt 01 the Ind.bted-
neu Nell,ed ,,-,.by Of to permit Mid MORTGAGORS to race:... Ind "" It 01 Iny pert thereol for olhe, pu'po08s. wilhout the..bl waiving '" II"pair'
ing Iny equity. liln or 'ight undet or by vl'M of rhls mortvl1l" Ind In 'N I....nt'..id MORTGAGORS INII for .ny re,.on fell to .....p thl ..id pr.ml"s .0
in.u,od, or 'all to dollve' promptly Iny of ..Id policies of Inlv,anca to ..Id MORTGAGEE, or fell promptly to ply lully Iny p'..mium Iherefor 0' in .ny
re.peel hil to perform. difCherge. .xecvt" effect. comFr..... comply wIth Ind Ibide by thil covenlnt. or Iny pert Mreof, uid MORTGAGEE may pl.ce .nd
pay for .uch I",u,ance or any part ,hereof wilhout w.lvlng or Iffectlng any oplion. lIer,. equity. or r~ht und., or by v;rtue of Ihis M",tg.ge, Ind Ill.
full amounl of IIch Ind .....ry luch plymen' shill be Immecl1a..ly due end pay.ble .nd shall beer Inlet"t from the dlte theraof vntil paid eI Ihe rat. of
nine pe' cenlum pe' Innum Ind 'ogllher with such Inter ell sh~1I be tecvred by ,he lien of thil mo'lgIge,
~. To pe,mlt. commit ot luffer no Will.. Impairment or deterioration of Slid prope,ty or eny part the,eo~,
5. T., pay III Ind Ilnguler the COI~. chergea .nd expentel. Including I ,elsonlble .1I0rney'l f.. .nd Cosll of .bttract. ?f title. Incurred or paid, It
Iny tlm. by ..id MORTGAGEE. beelU" or In th. event of tM ;Iilvre on the per' of IN ..Id MORTGAGOR 10 duly. p,omplly Ind fvlly perform. d'fChargo,
oxecul~. effee>, complete, comply wilh Ind Ibide by each Ind "Iary the stipul.lionl. IV,"menll, COnditlonl, Ind covenanll of lIid p,omiuo,y note .nd thi)
nlorl\ltga .ny 0' eilhe,. Ind uid COlli, clul'ges Ind expe""'I, alth .nd every. INII be Ir"medillely due Ind pOYlble, wMthef 0' nol Iher. be nolice d",
mind. anempt to collact or luit pending; .nd lhe fvll lmount of eech Ind every luch paymant Ihall belr lnlere.t f,om the date thereof until paid .t th.
rate 01 nino pe' centum pe' Innum; .nd III ..id COlli, ch"'gll Ind expens.1 incurred or paid. logelher wilh such lnlerllt. IMII be secured by lhe lien of Ihi.
mo,t\lage.
6. Thlt (I) In the avent of eny brelch of this Mortglge or deflult on the part of tN MORTGAGOR. or (b) in Ih. ev.nt .ny 01 uid tumt of money
he,eln relerred 10 be nol p<omptly end fully paid wilhin Ihi,ty (30) dlYI next alre' the ..me tever.lly become due Ind paYlbla, wilhout dem."d or notice,
or (c) In tM event OIch .nd .very the Itipulllionl, ~r......nll. conditions and covenln~s of uid p,omlnory note Ind thi. mo'lglge any 0' eilhe, .re not
July. promplly Ind fully performed. rliacharlled. uecuted. effected, completed. complied with .nd Ibided '>y. then in .ilher or Iny suth evenl the ..id ag'
gregat. .um menlio)n~ In ..Id p,omiuory nole then remllnlng unpaid. with Inler.tl .ccrued. Ind III monays tecu,ed her.by, th.1l become due .nd pay,
Ible forthwith. or there. Ira,. al the option of ..Id MOR1GAGEE, II fully and compl.tely II II III of Ihe lIid .uml of money ware or;gin.11y ttipul.lec!
10 be p"id on such day. Inythlng In ..id p,omiuory noli or In thll Morlglge '0 th. conlrary notwithSllnding. Ind thereupon or the,..lrer el the option of
..id MORTGAGEE, without notice 0' dem.nd. Ivll .t JIW or In equity. tM,.for. or ther..fter begun. mlY be pro"cvl~ II if III moneys ..cured hereby
h.d melu,ed prior 10 ill inllitulion.
7. lhal In the event th.1 It the begi'lning of or II Iny time p.ndiO\l any lull upon Ihit Mortglga. or to foreclose it. or to relorm it, or 10 enforce
paymenl of eny claims hereunde,. s.id MOR1GAGEE shill .pply 10 Ih. Courl h.ving juritdiction Ihereof fo, Ihe Ippointm..nt of . Receiver. tuch Courl .h.1l
forthwilh .ppoint . ,ec.iver of ..id morlg.ged p,operty .11 Ind slngull'. Intlud,ng ell Ind lingular Ihe income, profill. inoes .nd revenu.. from whatever
lou"e derlv~d. nch Ind eve,y 01 which. it being exp,.nly undenlood. It hereby mo'tglged II il tpecific.lly sel forlh' .nd delc,il>ed in the granting end
habendum cI.utet hereof. Ind tuch Receiver Ih.1I hava all the b,oad Ind elle<:liv. funcliont and powers In .nywill entrulled by I Courl 10 · ReceNer, end
.uch Ippolntmenl .h.1I be m.de by such Court II en Icl(nlllod aquily .nd I m."er of .b.olute 'ight to ..id MOR1GAGEE, and without reference 10 the
edequ.cy or inadequeey of the vllue of Ihe p'operty morlgloed or to the tolvency or imolvency of uld MORTGAGOR .,r the defend. nil. .nd Ihat .uch
,enll, p,ofill, income. inuII Ind 'evenuel sMIl be Ipplied by luch Receiver .ccording to the lien or equity of uid MOR1GAGEE and Ihe pr.ctice of tuch
Court.
8, 10 duly. promptly Ind fully ~form, discharge, .xecule. .lIect, complet.. comply wilh Ind Ibide by ..ch Ind .ve,y the ttipulations. egreementt.
condiliont .nd coven.nl. in uid p,omluo,y nole Ind .his morlg.oe let fo,lh.
9. lh.1 in th. event tN ownenhlp of lhe morlgaged p'.mi.... or .ny p.rt thereof. becom.. ve.ted In I perton other than Ihe MOR1GAGOR. Ihe
MORTGAGEE, ill tuccenors and. .uignt, m.y. without nolice to th. MOR1GAOR. deal wilh .uch suecellor or luccenO' in inler..t wilh reference to Ihi.
mortgage .nd the debt t,ereby slKv,od In the ..ma m.nne' al wilh Mo'lgagor wilhout in .ny way vitiating or d'l(horging Ihe Mortgago,,' liability here-
under or upon Ihe debt hereby lecur~. No ..Ie of the premi... hereby mortgaged end no forbe.rence on Ihe parr of the MO~TGAGEE or ill succeno..
or anigm and no) extemion of the time for Ihe p.yment of Ih. debt hereby ..cured given by Ihl MOR1GAGEE or it. .ueceno" or a!Sigm. .hall oper.te
to rele..e, dilChorge. modify ch.nge or Iffect the originll liability of lhe MOR1GAGOR he,ein. eilh., in whole or in parr.
10, It i. .pecifically egra~ Ihat lime il of the euence of Ihil conlrect and Ih.1 no waiver of Iny obligation hereunder or of Ihe obligation II'
cured hereby .hell .1 Iny lime the'elfr~r be held 10 be I waiver of tha terms h3,eof or of Ihe in."u"..,nl tecured herby,
11. In "dd,lion to the foregoing monthly p5ymenta of prine' pal and interest required by the promiu.ory note secured hereby. mo(tg~gor coven"nfs
and ~g:ee' to pa'; to morlgagee with each monthly payment an additional turn estimaled by mortgagee to b~ equal to 1/12 of the annual cosf of the foilow-
in9:
A-At: rcol property tuet levied or a".."ed eg.intl the above d..crlb~ ,eal e.llle. '
B--Premiurm on fire and wind.t",m in.urance at herein required 10 be carried on tM improvements .iluate on Ih. ebove de'~ib~'d'~;~r~';~.,
(-Premiums on such mortgage gu.ranly i",ura,1Ce os morlg.gee .hlll from ti",e 10 time deem fil 10 carryon the lo.n, .........)~ed h:'~h~. . ( . .'
"..- ...-.."..
Morlgagee .hall from time to lime notify morlgagor in wriling of Ihe amounl due and payable hareunder and .uch sum,.;s),~ ~;euP"J' Q.e' o~e,~nd
payable on Ihe due d.re 01 the ned (';'Ionthly paymenl end ..ch .ucce..iva month Ihereafter vntil mo'lgagee ,hall nOlify m~I~Q('<lf a cWaM,. i~'.s~~h
.mounl. Such tvmS ,h.:1 be applied by morlgagee loward the p.ymenl of ,e,1 property laxe.. in.urance prem:um.. and ifoortr;J~)g\tf!..nIY (..!~r~c..
pr~miuml. ..: C' ..... :'~
..id MORTGAGOR h.. hereunto .et hi. hand .nd tea! 1-. ,,> . " . '
In t eft ~)nc. (,:' :
;.... :'-.0 ~.,"t ',,_ -' J.: .\;..::
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'($110\)
(Seal)
At
STATE OF flORIDA
COUNTY OF ST. LUCIE
I g:1. day of
J e CriBt and
1 t B Se<:retary
Florida
Corporation. to me
~~ _..A,D,19~3.,
W. A. Palmer
I HEREBY CERTIFY. That on this
before me persol1ally appelHed ~
respe<tively 1 t S President and
Palmer and crist, Inc.
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known to be the persons described in and who executed the foregoing instrument, and severally acknowledged ,the exe-
cution tr.ereof TO be their free act and deed as such officers for the uses and purposes therein mentione~: a~d lItta1 )11ey
, .. (.
affixf'Xi thereto the official seal of said corporation. llnd the said instrument is the act and deed of s??'d cQrporatior,.
;) r I
, sllid c~unt and stAte, ' f] /'\
,(..... .
~/.J cY ~ t____ ~~~~-, ~--:~
Notary Public. in and for State and County' ~foresaidt) I;
- ;. ,
"!:y. Commission Expi~8r!, PUbl,c. Slale of FIOr~J &\ l<Yg.11 .
~LOrT'rr:'5SJ.j]_[.l::.;res j\;,ov. 3,~ lO....
ed b} ^TlI~"_.l!l Sure!, Co, of ~:~..'
WITNESS my hllnd llnd official seal llt Fait Pierce'
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.' flLEq ;\f'ID nECC~OED
L ,--~~llUJ,{eWl1rL 800K
1% Jr'1Af1 I B PH 3: 31.
'ROGER POITi':AS ;!'
S I, LUCIE COUNTY. (lU':~I'U>A
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