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3. To placs and continuously keep on the bui~d~ng~ now or her~ehar ~ituet~ oh ~?~id I~nd ~nd on •N equipmM! ~nd p~raor?ally eowrud by thls me~rp-
~y~, with all premium~ thereon paid in fuil, fire inavrance in tha uaua! arandard policy form, in • s~m approwd by tM MORTGAGEE, ~nd windttorm ~
imur~nce in the usual ~tendard pol~ry farm, in s sum approved by the N60RTGAGEE, in ~uch tompany or CqnpaniM aa tM MORTGAGEE m~y
d;~ect; and a!I fir• and windstorm insurance policie~ on any of ~aid 6uiidinqa. any (nt~NSt fhertin ar part tMr~of, Fn tF~ pqr~Q~t~ wm ~forpafd or
In ~xceu tha~eoi, ~hrl1 centiin the ususl ~tandard mprrgagea claustr or ~uch ofher cl~usr it tM Martya9e~ may rp~ir~, m~kirp th~ lou und~r Nid pc+l4
ciea, eath ~~d every, payebl~ to s~id MORTGAGEE as its inrerest may appsar, and t~ch end every ~~th policy ~hatl bt promptly q~;qnn} ~nd d~liv~r~d to
any hetd by ssid MORiGAGEE as further seturiry to said mo~t9age debt, snd, nof leu 1Mn ten (10) days in adva~ct of the axpir~tion af ~ach policy, to d~
liver to said MORTGAG~E a renewsl thereof, togetMr wirh a roceipt for the premiurn of wch rer»wal; •nd thtr~ ~hall ba rq fire or windstorm insuranc~
ptxed on sny of •iid Luildings, any interat therein w part thereo(, unleas in the Form ~~d with the bu p~yable ai •fasaiid; ind in th~ ~v~t ~ny ~um
of money bccomea p~yable under tuch policy a po~ititrs wid MORTGAGEE ~hall have th~ option to nc~ive ~nd apply tha asm~ on acco~nt of tM Ind~bttd-
ness secured hereby or to peimit ~aid MORTGAGORS ro rcteive end uw it or any part thereof for other purpo~as, without the~aby waivi~iq or empain
inq eny equiry, lie~ tx right under w by vireue of thi~ mortgage; ~nd in the evenr wid MORTGAGORS shall fo~ ~ny ?~~wn fail to ke~p tM taid pr~mise~ w
in~ured, or fail fo delivar promptly any of iaid policies of insurence ro iaid MORTGAGEE, w fail p~omptly to pay fully eny promivrn tharofw or tn •ny ~
respect fail to perform, d~scharge, ezetute, effeci, comptete, comply with and abide by thia covsnant, or iny part h~r~of, ~aid MORTCaAGEE m!y plsce and
pay for such insurance o~ any part thereof without w~iviny or affectiny eny option, litn, equity, w ri9A1 undrr or by virtw of thit Matyp~, ~n~ iha
full emount of each and every such paymem shall be immediately dw and payeble ~nd •hali bear inN~e~t from tlt~ d~t~ tharaof vntll paid_~t tM r~t~ ot
nine per cent~m pe~ annum and to~ether wi~h such interest shafl tu secvred by the litn of thi• mortflaq~.
4. 7o permit, tommit or suffer no waste, impairment or deteriorstion of wid property ar any part therWf. ~
5. To pey all and singular the costs, charget and expensea, includinq a rs~son~ble ~ttorney'~ fee snd Gosh of ~b~trstts of titl~, inturr~d w paid N 1
a~y time by said MORTGAGEE, because or in the event of the failure on the part of tM said MORTGAGOR ro duly; prc.mptly s?+d f~illy p~rfwm, d'Mtharp~,
axecute, effect, comylefr, comply with and eb;de by eath and every the ttipuletions, ~greaments, tondition~, and cov~nantf of sud prami~wry not~ ~nd thi~
mortga9e eny or eirher, and ~aid costs, charges nnd expenses, each and every, ~hall ba immediately due ~nd payabl~; whather or npt ihfr~ be nptitt dr
mand, attempt to colle<t or suit pend~ng; and the tu!I amounf of each and every su<h p~ymaM shall besr int~rqt ftom th~ date tMreof ~ntil pdd H fM
rate of nine per ceMUm per annum; and all sa~d costs, chargea end exper.ses irxutred w p~id, To~~ther with wth iM~t~tt, ahall k» a~eund by rF» li~n of thu
monqage.
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6. That (a) in the event of eny breach of thia MorrgaQe or default on the part of the MORTGAGOR, or (b) in tht ~wnt any of uid wrru of mon~y ~
herein referred to be no~ promptly and fully pa~d within thirty (30) days next after the seme severatly b~tom~ du~ and p~y~bl~, whhOUt d~m~nd ot notit~, f
or (c) in the event each and every tl~e stipu~ations, agreemer~ts, tonditiona and toven~nts of sa~d promiasory nota and tA;a moriqiQ~ ~ny at ~ftF+~r are naA ~
i~iy, promptly and fuliy performed, distharged, exec~ted, effected, compleied, cornplied with ~nd •bided by, tMn in ~itFwrr w any tuch ewnt fMwr aid p~ :
gregate sum mentianed in said promissory note then remaining unpeid, with interQSt accrued, snd all montyt ~tur~d. hsreby, ~h111 b~Mmt dw •nd par j
eble forthwi!h, or thereafter, at the opticn of said MORIGAGEE, as fully and completely as if all of the teid tu~M of moMy wsre oriqin~liy ~tipul~t~d ~
to be paid on such c+ay, anything in sa:d promissory note or in thia Mortga9e tu tht contrary notwithsbndiny• ~nd tMr~upon w thanafta at tF~ option of ~
•eid MORTGAGEE, wi+hout notice or demand, suit at lew or in aquity, therefare ot ihereeftar bequn, may br prpocut~?d b if ~11 mnn~ys weur~d Mr~by I
had matured pr~or to its institution.
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7. That in the event that at :he beginning of or at any time panding any suit upon this Morty~p*, or TO fWrcloN it, or f0 refOrm it, O? to ~nforq ~
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payment of any claims hereunder, said MORTGAGEE sha(I app(y to the Court having jur~:dfction ther~oi for th~ appointmint of a Ret~iver, wch Court ~h~ll
forthwith appoiM a receiver of saiy{ mortgaged property all and singuler, inc~ud~ng all and •ingul~r th~ intomo, p~Ofitl, {suufs ~nd rWMUa~ from wh~t~rft ~
cource derived, each and evary of which, ii 6eing enpressly undersrood, is hereby :nortgaged ~t if specificelly qt forth •nd dastribed in thi pr~ntinQ and ~
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haben um clauaea hereof, and yuch Receiver shall have alI the broad and effective funcfions and powen in anywii~ sntrust~d by • Coutt tp ~ R~Celwr, ~nd
such appointment shall ba made by such Court as an admitted equity a~d a mattar of ebsolute ti9ht to said MORTGAGEE, and without rsf~nne~ t0 th~
adequaty or inadequacy of tha value of the property morrgaged or to the seivency or insalventy of s~id MC>RiGAGOp pr th~ def~nd~nri, ~nd th~f ~uch i
rents, profite, income, issues and revenuei shall be applieo by such Receiver according to the lian or ~qvity of Hid AAOR7GAGEE ~nd ih~ pr~qiu of ~ueh
Court.
8. To duly, promptly and futly perfprm, discharge, execute, effect, complete, comply with and abide by each ~nd ~very ths ~fipulationi, ~prNrrwnts, '
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conditions and covenants in sa~d promissory note and thfs morsgage set forth, ' ,
9. That in thc event the awnership of the mortgaged premises, or any part thereof, becomef vasted In ~ p~rson Other thin tha MORTGAGOR, thf ~
MOR7GAGEE, ita successors and asslgns, rnay, withovt ~o~ice to the /JORTGAOR, dea~ with such wccnsor or ~crs~assor in iniM~est with ?efrrenct to thi~ ~
mor~gage and the debt hereby secured in the xame manner as wirh Mortgago~ w~thout in eny way vitietinp w diKh~r9ing th4 Mort9~porf' li~bility hsre i
under or upon the debt hereby aecured. No sale of the Fremises hereby mortgaged and no forbe~rance an the p~n of th~ ~wpRTGnGEE or it~ wCCe~wr~
or assigns artd no extension ot the time for the payment of the debt hereby secured yiven by the MORTGAGEE or itt ~utteason or asliynt, ii~all op~t~t~ ~ ~
to release, discharge, modify change or affect the original liability of thn MORTGAGOR herein, either in vvholn or in part. ~
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10. It is spec~fi,ally sgreed tha! time is of rhe ,essance of this canhact and thet no weiv~r of my obli~,etion h~rsunder or of tl» obtip~fion s~ ;
cured hereby shati at any time rhereatter be t~efd to be a waiver of the terma hereof or ~f tbe instrvment ~etur~d hsrby. ~
11. !n add~t;oa to the torego:ng monthly paymanls ot princ pal and interest rnquired by the promis~ory no~e ~ecurod her0by, mortflagor Cov~nanh j
and agrees to pay to mortgagen with each monrhly payr,-,ent an add~r~onal sum estimated by morfgagee to be eqwl to 1~12 of the annuel teat of the fo~~ow- 1
ing: ~
A-A!t reel properry taxes levied or assessed against tnc above descrihed r~el estaTe.
B-Prem~ums on fire and windstorm insu~ance as here~n req~~rad to be carried en the improvamenh situaTS on th• ~bove de~tribed premttet.
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C-Prem;ums on such mortg3ge guarsnry insurance as mortgagee shall from t:me to time deern fit to urry on the (osn Oecuted hertby.
Mortgagee sha!I from time to rime notify mortgagor in writfng of the amount due and payeble hereunder and wch sum shall thereupon b~ dus in~ ' f
payable o~ tha d~e dare of ihe nexr ~,onrh'y payment and each success~ve month thereafter until mortpagee ihall notify mortgngor of ~ ch~np~ In •vch
arnount. Such sums a1-.ail be applied by morigayee toward rhe payrmer.t of real property taxes, intvrence prem~ums, snd mortpaq• puersnty in~urancr f
premiums. ~
IN WITNE55 W EOF, the sa' MORTGAGGR has hereunto set hia hand and seal the day •nd y~~~ fint ~foros 'd. ,j F
~ xy
Sign ~ate d dEli n th e of- ~ - ,~i ~ ~
~ ~ ...~..1r~ r ~ /4~n f
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(Seal)
STATE OP FLORIDA ~
CdUNTY OF S?'1_ri~ I~~1C1 9 ~ , +
Before me personally appeared Ni r.k ~ Pr i e s t
' snd ~
Pa triej a r~ Pr?_est ~ n~. wifs, to me well known and known fo me to ba i
the individ~als described in and who execvred the forsgoing instrument, a»d acknowledged before me that they exec~ted the Yame fw ihe purposai i
therein expt4~~dd; Y#~d~ The said~ P 9. t P ~ C j a. P r i e s t I
wife~rs;~,,~d~/i-r Ni.ck C. pri.est :
upo~ e sepsrefa and private
exa~i~?~afic~
b~',
t'~"1s1~~ ~epb~r te and apart from her said fiusban~, acknowledged to end t>efare me thai ehe exec~ted said insirument frealy and volun- i
~d(d i'tn~~t+S+w~iuf~n, constraint, apprehension, 'ear of or fram her said huiband. ~
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1[If17~th.y:F~~naie~ol~ipt seal this_~_ r~ day of~~, A. D. 19..Y~.
~ . : ' • . q ~
v va , I? ~ ~~~/f~, y
~ ~ ~ ~%~1~,'.~."'y°~' ~
Notary Public in and for the State of Florida at Lerys i ~
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> . , . . ~ j , My Commiuion pirar ~ : ~
~~yt~Fp~~;~:~.~,•s ~ ~i4~f~l.p EC Roe `~9~8 ~
e ~~•r ~ ~
..`^1 3~t €o~4;P~e,t{4~ ~ D _ , ,
~or1'P~~Yce, Florida ~ ~0~~ gC10K - . . ~
: , _s ~3. i_~3 : . . . , !
v;. ~._~i~~.~o~yr
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~.~'~)Ut 6 PI~ ~ ~ ~ i
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ROGEri PGI i RAS. CL~RK - .
~T• LUCiE CpUNTY. ~
FLORlDA i
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