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To plau and contirwioutly kNp on tM buitdin~s now a Mreaft~r ~itwt~ on said I~nd and on ~II equipmeM ud p~rsonally covK~d by lhis mat~
ap~. with dl premiw~t~ tA~rwn pa~d in fu~l. fi~e insu~~na in tht ~swl s~~~dud policy fonn, ~ su~n +pprowd by the MORTGAGEE. and windttonw
insww~oe in tM vswl iqnda.d pol~cy fwm, in • sum approv~d by tM MORTGAGEE; G+ wch compu?y o? comP+nl~s +s th~ MORTGAGEE m+y
dinct~ and ~II fin and wind~~wm inswanu pa~Kia on aey of ~aid build~eps. ~ny inbra~ th~rein or p+.t tMrwf, in tM ayyrey~q sven ~fa~s+id a
le u~c~s N+erwf, ~A+II conain th~ wwl atuxlud maty+p~e cl~us~ a wch otMr tl~vs~ a tM Mortp+pM m+y rp~rih. ma4inp ~M Iws undN uid pol}
c~a. tach and ~vaY. p+Y+bl~ ro s~id MORTGAGEE ~s its intaest may ~ppNr, ~nd e+c~ and ~ve?y t~ch Policy shall b~ promptly ui:pned and d~livt~ed to
aoy MW by wid MORTGAGEE n fv~~Mr an+rity ro s~id mat9~e debt, and. nw ka ~Mn ~.n ll0) d+ys io ad~snce of ~he .xpir•tan of .ach polrcy. ro d?
IivN ro s~id MORTGAGEE • rsn~wal tl?~r~of, to~t!?M wi~h a receipt for the premiwn of svch raww+lt and ~he« sMll b~ no fir~ w wind~twm inwr~nt~
pl~pd on ~ny of wid bvildinp~ ~Mr intarat tMr~in or pWt theno(, ~nl~u in th~ fam'and with tM loss pay+bl~ afa.s+kl: +~d in tM evsnt any ~wn
of maky becom~~ payabl~ wKla such policy a policies s+id MORTGAGfE il++ll haw tM option ro ~ecaiw and ~pply the s+rM on +ccount o1 ~M ind~bted-
nsu s.cvnd he~•by a a p.imi~ a~d MORTGJIGORS ro receiw •nd us. it or any pa?t thereot fw other pu~poses, withovt the~eb~ waivinp a~mpair•
inp any puity, li~n w ripht ur~dsr w by virtw of this morty+p~t +ed i~+ t)w ~wnt said MORTGAGORS shall fa ~ny r~ason f~il to keep ~M s~id pnenivs w
iruw~d. or f~Il w d~liwr p~on+ptly ~ny of said policies of insu~ncs ro s~id MORTGAGEE, u fail prompdy ro pay fvlly asy pre~niwn tl~~for w in any
r~spact f~il b pa~otn~, dF~char~, ~:ecut~. ~ff~ct, canplN~. comply with ~nd abid~ by this cov~n+nt, or ~oy part Mr~of, isid MORTGAGEE rrwy plx~ u+d
P+r for wch uuwano. « anr p•n iMreof withou~ w•wi~p or affeainp any opt~on. ~s.n. ~a~?~M, w rqh~ w~ler a by vi.rw of ~N• N~o.f~ap.. ar+d iM
full ~nt of txh and ~w.y such paYmeM ~h+ll be imn+ediaf~ly dw and p~yabb and shall beu intKest from tM dah therwf until p~id M th~ r~t~ of
nirn pa cw~wm pM ~mvm and toge~her witA wcl? inr~rest sh~11 be aecurcd by tM li~n of this mortp~pe.
I. To pNmit. oonwnit or wffa no wut~. imP+umcnt or deterioration of said propKty or +nY Put th~?wf.
5. To p~y all and ~iepular the.coab, ch~rp~s +nd ~xp~ns~~. includinp a reasorubb attorney's fN ~nd ooin of abshacts of titl~, incun~d w p+id ~t
~ny time by said MORTGAGEE, b~cauu or in tM ewnt of ths f~ilurs on tht put of th~ uid NIORTGAGOR to dvly. proinptly and fv11y pafwm, dischsrg~
~xecva, ~ff~a, oompkte, comphr with and abid~ by ~ad~ and every tM stip~l+tions, apreements. ca+ditions. +nd ooven+eb of pid promiuory note and thu
mortyap~ ury o~ ~iths~. ~nd said cosn. chu9es and ~apernes. each s~d ~very. slwll b~ hwnedi~tely dw ~nd psy~blt: wl+ethe~ o? not tha~ b~ eatici d~
m~nd, attempt ro tolktl or wit p~~liny; and tM full artio~nt of esch ~nd ev~ry wch p~ym~nt sMll bear in~erest from tM date thsreof until paid ~t tht
.ate of nine per centum per aruwm; +nd all said cbsts, chu~s and expenses incwnd a paid, top~th~r with wch int~rat, th~ll be ~ecvr~d by tM IiN+ of Mw
b. iMt W in tM event of any breach of this Mortp~ a default on Nr pan of tM MORTGAGOR, a(b) in th~ wa+t any of s+id sums of mon~y
F,er~in r~hn~d ro be not promp~ly snd fvlly paid wifhin thir~y (30) days nax~ after fhe sarrK ieve.ally becane due and payabt~, wifho~t d~mand a notice,
or in tM ~wnt each snd ~wry tF~ stipulations, s~r~anems. conditions and toven~nts of said promiswry e?ote ~nd this matyape any u eit1+N w no1
iul~r, prompty and fuly perform~d, d~schuped. executed, ~fteded. campteted, complied w~th and abided by, then i~ eifher or any auch ~vent /M said ag
yre~,,~t~ wm m~++Yarwd in s~id promisswy note then remainirg unp+ic'. with interest ~cuued, and ~II mor?eys secured hereby. sMll beco~n~ due ~nd pay~
abl~ forthwith, w tlw:~sfie~, at tFr option of ssid MORTGAGEE, as fully and completely as ii ~!I of the said wms of mon~y were wginally stipulated
to k» p~id on such day, snythiny in said p~anissory note a in this Mort9age ro the contrary notwithstandinp; and ~hereupon w thereafia a~ tM option of
ssid MORTGAGEE, without notic~ a demand, wM at lawr w In puity, therefwe or tl+ereafie? bayun, may be prosecuted u if all reaneys ~ewred hereby
had marured pr~a ~o ~n irotirw~o++.
7. That in th~ went that at the beyinning of or +t any time pcnding soy suit upon this Mwtg~ge, or to iweclosa it, or to reform it, w to enforc~
payment of any claims hereunder, s+id MORTGAGEE shslt spply ro the Court h~vin~ jurisd~ction fhereof iw the appantment of a Receiver, s~ch Ca?rt shall
fwtliwith appoint ~ receive~ of said mortg~yed property +U ~nd sirgvlar, includ~ng atl +nd singulsr the incane, pro(its, iuues and revemxs from what~ver
wurce daived. ~sch and every of which, it beinp expreuly uedastood, is hereby mwtgaged as if specificaly set tath ~nd dewibed i~ the y?antinp and
hsb~nd~sn dauses haeof, and wch Receiver ahall have all the Mo+d and effective fvndw~u and powers in u~ywise entrvated by ~ Court to • Receiver, and
such ~ppointment thall be made by wch Court a ~n admitted equity and a m+tter of absolute right to s+id MORTGAGEE, and without roference to tht
adequacy a in+dequacy of tM vatve of the property mwtg+ged w to the soh~ency a insolvcncy of ssid MORTGAGOR or the defendants, and that such
rems, profiti, income, issues and rwenues sh~H be applied by suth Receiver atcord~rg to th~ lien or equity of said MORTGAGEE and Ihe p~attiu of suth
Carrf. ,
S. To duly, promptly snd fvlly perform, ~xhar9e, txecute, effect, complete, comply with ~nd ~bide by each aed every tM stipulations, ap~eemenb,
conditions and coven~nts in said pramissory note and tha mort9sge set forth. -
9. That in the eveM the ownenhip of the mort9+qed pran~ses, or any part thereof, becomes vested in a penon other than the MORTGAGOR, th~
MORTGAGEE, its svccessas +nd auiyns, may, without notice to the MORTGAOR, dsal wi~h such succeuor or wccessor in imerest with refcrence ro this
mortya~~ and the debl h~reby secured in tM same manner as with Mwtgsgor without in ~ny way vitiatirg a discMrping the Mwtyagors' liability hera
under or upa~ the debt hereby secv~ed. No ale of the premises I~ereby mortg+ged and ra fabearance on the part of the MORTGAGEE w iri successws
a ragns and no extension of the time for the p~ymem of the <1eb~ he.eby secu.ed ~~ven by tM MORiGAGEE w its svccassors or su;~ns„ sfiall opaat~
ro re~ease, disc}Mr~e, modify ch~nge or ~ffect the aig~nal li~bility oi the MORTGAGOR Mrein, either in whole w in put.
10. It is spec~fically agreed that. time a of the euence of this contr~d and that no waiwr of arryr obligatan here~nder a of the oblip~tion sa
a.red hertbr ihall st ~ny time thereafier be held to be a w~iver of the terms hereot or of the ir?strwnent secured herby.
11. In add~ian to the forego:ng monthly payments of princ:pDl a~d interest required by the prom~uwy no~e secured hereby, mortgagw coren~MS t
and +g.ees ~o pay ro mongagee wirh each monthly payment sn sddirionsl sum estimated by mortgsgee to be eqwl to 1/12 of tfie annwl cost of the fdlow- ~
ing:
A-All real property ts:es kvied w asxssed against the above described real estate. j
B-Premiums on fire and wi~dstorm insu~snce ss herein requ~red to be urried on the improvemenri sitwte on ~he above destcibed premises.
C-Premiums on suth mortgsge gwranty inw~ance as morigsgee shal) from t~me to time deem fit to urry on 1he loan secvred hereby. •
1Nortgspee sha~l from tirtee to tirt+t notiiy rtartgagor in writing of the amount due snd payabk he~eunder ~nd wch wm shall tF~ereupon be doe and
I payaWs on the due date of the next monthly psyment and each successive month thereafter until mortgs~ee shsll notify mortgagw of a change in wch
E amoum. Such_ sums shall be applied by mortgsgee toward the payment of real property uxes, inwrance prem:wns. ~nd mortgaye guaranty irawa~ce
i premiums.
~ IN WITNESS WHEREOF, the ssid N10RTGAGOR h+s hcreunto set his hand ~nd xal the day and yeu f t ~for id.
Sipmd, S~aled ~nd deliwred in the presence of:
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i
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K.a~ ~
STATE OF FLORIDA ~ ~
SS. ~
~ Saint Lueia ~
i
e.~«~ „w P.,,o,,,uy .~.,«a Lloyd Ta~lor .~d j
Cl otilde TAVlor his wife, to me well known and known to me to b~ ;
the Individwb dewibed in ~nd who ~xecvted the fweyoirg i~?strum~nt, and acknowledyed befwe me that they execvted the same fw the purposes
therea~ ~esf~d. Md tFN uid rilOt~lCle F~ TaYlor
wife ot th~ wM Lloyd Taylor , upoo ~ sep~.ste snd pr~vat~
exam'wwtion bp m~ tsk~n sepant~ ~nd spsn irom her saGd husband, ~cknowkdged to and before rrw that ~he sxecuted said ieatrumsm freety and vohio-
rarily and without ae~y oompulsion, consrnim, apprel+ens~on, fear of or from Mr said lwsband. .
WITNESS my Mnd and official seal t' day of Marah p. 19 66
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~ . N D R E C 0 R D E Q ~tsry Public in a~d for the Stat~ of Fbrida at tar~
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F%' I N_ ~9 0 0 K M,, c«~~~
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•~iat t~dl~¢ ~J,aving~ i Lor~ Aswtiatan !~y, 1~ARY PUBdC STATE of FLORIDA ~1! L4RGe
- : p~• 7// IiffY COMAtISSlON EXPIRES SE?T. S. 1467
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~'r~ ^:;'r•~`1' ROGER f-'GtTRAS. CLERK - ~`~~,~•~~:~~U.c'''•. 3`f.
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" ST. LUCtE COUNTY. ' ~ ~ -
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