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To piaa ~nd con~im+ovshr ke~P a? ~M buildinys now a Mrr~h~r ~itwt~ on said land u+d on all equipntnt and pKwna~h cownd bY this ^~°~q'
p~, with al) psmiw~A tMreon p+id in tult, fin insur~nce ~n 1F+~ uswl sundard policy Ewn4 ~n • w~n approwd by the MORTGAGEE, u+d wind~tam
inwru~c~ in tM uiwl uandard policy }«m, in • sum approved by tM MORiGAGEE. i~ wcA ca~P+^Y a~^W^~~s ~s th~ MORTGAGEE m+y
dir~cft and all tir~ ~nd wie~arm iniwano~ policNS on +ey of s+id b~rild"'ps, ~^y int~rht ther~in or pat tFw~of, in th~ a~yrp~t~ swn ~fottwid ot
In ucass Nw~of, ~hall contain tM uswl sundard mor?pa~ cla~s~ a such wl~ clws~ a tM Mony+p~+ m+y nquwa m+tfnp tM losi vndM uid pdF
cia, tach u+d ~v~rY. WY+bN ~~+b ~RTGAGEE u its inlKe~f rn~y appaa~. and ~+:h +nd ~verY ivch poliq ~hall b~ promptly ass:yned +nd d~livKed ~o
~ny hdd by said MORiGAGEE a fwther secwity ro s+id mortq+~ debL +nd. nW kis tMn ttn (10) d+ys ie+ ~dvana of tM ~xpiration of ~ach policy. to d?
IivK ro i+id MORTGAGEE a reewr.•al tMnof, toye~her with ~ rottipt fw ths p~miwn of wch renew~lj and ~hen thall b~ no fin w winds~an~ i~uw+~+c~ ~
plao~d on ~+y of said buildinps. ~ny iota~st tM~ein or put tMnof, w+less in ~h~ fonn'~~d with tM loss p+yable ~s aforts+id: u+d in rM ~vent aenr swn
of morry becan~~ p+Yabh u^da wch PoI'cy po1'c'~s s"d MORTGAGEE ihall Mw rM op~an ro~sosiw and apply tM s+m~ on accam~ 01 tM ind~bted~
nsu s~cvnd Mrsby p b pKmit said MORTGAGORS to reoeiw and ~w it a any put tF?ereof fw o~her purposes, w~~hout thaeb~ waivi~y a M++paiN
inp anr puity, li~n w riphl under ar by vlrtw of tl+b morty~s +~+d in tM ~wnt s~id MORTGAGORS sh•II fa se~y r~ason fail to keep th~ said pnnuisa so
insu?ed. w f~il w d~liwr prompfly u~y of said policiea of insunncs ro aid MORTGAGEE, w f~il pompry ro pay fully any pr~mivm fherefw a in any
ntpM fail b perfornn, dixha~ge. ~xetute, effect. compl~t~, comply with ~nd ~bid~ bY tha toven~nt, w+^Y Put 1+a~of, said MORTGAGEE m~y pl~ce and
pav for ~ud~ ieawano~ a~ny put ~h~.eof without wafvinp or aff~ctirg ~ny optan, ~iin. ~quih?. o~ riyh~ unda w by virtw of thi~ Nbrt~. ~nd tM
full xnount of each and wNy wd~ WYma?t sha4 b~ imrnediat~ty dw and p+y~bb ud shsll bear intKest from tM d~h therwf u~til paid a1 tM wt~ of
niM pK tantum pa ~nnum and topetha with uxh interest shall ~t secwed by th~ lien of thi~ mottpa~e•
1. To pKmiq oommit or suffK no wut~. Lap~ument a d~ta?ia~twn of said propKtl? o~ anY W~
S. To pay all ~nd sinpulW the.costs, charpa snd ~xpenses, w+clvd:n~ a ressonabl~ attwnay'~ fe~ snd cosn of ~bsnscts of titt~. incvrred a p+id at
any tim~ by s+id MORTGAGfE. bcaus! a~ in th~ ~vent of tM f~ilw~ on the p~A of tl+~ s+id MORTGAGOR to duly. pranptly ~nd fvlly psrfwm, d~xhary~
~:ecvts. dfect. oompkq. aomply with and abids by ~ach and every tM stip~lationi, sgreements, conditiona, ~nd cownanb o( s~id promis~ory not~ u~d ~hu
mortp+p~ ~nY a ei~M~. and sa~d costs. charqsa ~nd e:pemei, each and every, sMtl b~ inrnediately dw ~nd p+y~ble; whethtr or not tha~ be notici dr
mu~d, ~nemp~ ~o oo~ka o. wit p~nd~np: •nd rM full xnow+t of each and evertr such p.vn+aa +A+11 be~. in?erest from tM dat~ the.eof unril paid ~h~
rate of nine pcr centum per a+~w~n; and all ~sid c5it~. cMryea and expen:a innxred or p~id, topether with aucl~ interesl, ahall b~ satured by tM li~n of tiw
~D+O~•
0. TMt In th~ ewnt of ~ny breach of this Mort9spe o? tiefault on th put of ths N10RTGAGOR, w(b) in tha ~vent ~?y of s~~d sun~s of mon~y
herdn nferred ro b~ not prampt~y ~nd fvlly paid wirhi~ thiny (30) d+ys nexf aftN the sime fevN~lly becane due and pay~bl~. wi~ho„t demand a notice.
o? W in the wN1t each and ~very tM stipvlations, agreema?ts, conditans ~.~d oovenants of sa~d promisaory rate ~nd tha mwtpape any a si~F~ art no1
~uly. pranptly u+d fully pNformed, disch~rped, executed, effected. completed, complid with and sbided ~iy. thM+ in eithe~ a any such ~wnt tM s+id ag
pre~ts wm msntion~d ie ssid promissory ~ot~ then remaining unpaid, with in~erest actrved, snd all moneys tst~red hertby. sMll become dw and p~p
able fwthwith, or tMreafta, at the optwn of said MORTGAGEE, as iuly and completely as if all of the said sums of ma~y were oripinally ~t~pulated
to b~ paid on s~ch day. snylhinp in sa~d promissory note or in this Mortgage to the contrsry notwithstu+ding; snd therevpon or thereafta sf tM opian of
uid MORTGAGEE, without notics w de+nand, w+t af lawr a in eq~ity, therefw~ w thereafter bey~n, mar be prosecuted as ff all moneys ~cund hersby
had marwed prar to in ie~rerutia+.
7. That i~ t!» event that at tM beginning of or ~t any time pendirg ~oy w~t upon tha Mort~age, w to faeclou N, or to refwm H, or to enfwa
payment of a~ryr claims hereunJer, wid MORTGAGEE sMll apply to the Coun Mving juriad~dion thereof fw the appantmeet of • Raceiver, such Cowt shall
fortliwith sppoint a receivK of said mwt~sged property all +nd sirgvlu, intlud~ng all and singulsr the incoms, pofita, istues and revenues from whatever
wurae derived, each and every of which, it being expressly vnderstood. is hercby mortgaged ~s if ~pecifiully set lorth and desuibed in th~ y~anrinp and
hsbendum dauses haeof, and such Reuiver shall have sll the b~oad snd cffective funct~oru and powen in soywise eMrutted by s Court fo a Receivsr. ~nd
wch ~ppointment shall be made by wch Cowt as an sdmitted equity aod ~ rtrtter of sbsolute ri9ht fo said MORTGAGEE, and witiaut reterence ro tM
adeqvacy or inadequacy of the wlw of the prope~ty mwty+ged or to the sotvency w i~so~vency of said MORTGAGOR a the defendann, a~d tha~ such
renn, profin, incane, iuues and rewnues sFwll be applied by svch Receiver xcord~ny to ths lien w puity of said MORTGAGEE and ~he practia of wch
Court.
8. To duly, promptly snd fully perform, dwchsrge, execute, ef(M, complete, comply with and abid~ by ach ~nd w~ry the stipulatiaa,, apreemcn»,
conditiau and coven+nts in said promissory note and this mortgsge set fath. ~ t
9. That in tM event tF~e ownenhip of the mortgayed prem~ses. or sny p+rt thereof, bec«nes vested in • person other tl?~n the MORTGAGOR, tM
MORTGAGEE, its wttessors and ~uiyns, m+y, withovt notite to the MORTGAOR, desl with suth successor or succeuor in interest with refer~nte ro tha
morty~t snd the debt hereby secvred in fhe ssme manner u with Mortyayw witho~?t in arc/ way vitiaYu+p q dischuqinp the Mort9sgors' liability herw
under a upon tF~e debt hereby sec~red. No ssle of fhe premixs hereby morfyaged and oo fo~bear~nce on tht pan of the 1NORTGAGEE w in :uaesson
or ~uigro snd no extension of the time fw the payment of the aebt hereby secured 9iven by the MORTGAGEE or iti wccessors w au~yro, •h~ll oper+t~
ro r~lea~, dischrrye, modify tMng~ or sffect the wigind liability of the MORTGAGOR herein, either in whole w In put.
10. h is spec~fically ~greed tMt time is of the essence of this contract ~nd tMr no waiver of sny obl~gauon hereunder a of th~ oblqation w-
cured hereby ahall ~t any time there+ftar be held to be • waiver of tM temu hereof a of the instrument secured herby.
~ 11. In addiYwn to tl+e forego:ng monthlY paYments of p?inc:p~l and interest requircd by the pra~+awry rate secured hereby, mortg~gor coven~nts
and sgroes to pay to mortysgee with esch monthlY paYment sn ~dd~iansl sum cstimated by mwtgagee to be eqwl to 1/12 of the annwl cost of the follow-
;~9: .
A-All ~ea) property tsxes kvied or sssessed against tAe above described real estata ~
6-Premiums oe+ fire artd windstorm insurance as herein requ~red to be urried on the imp?ovemenb situate on the sbove dewibed prem'isas.
' G--Premiums on such mort9sge 9uaranty ir~urrance as mortyagee shalf (rom t~me to time deem fit to arry on the lo+n secured hereby.
f AAurtg~yee shall from time to time notify mortgagor in writing of the amount due and payable hcreunder and such wm shall t!?creupon bs due and
E payable on the due date of the next monthlY payment and exh s~ttessive month thereafter un1i1 morfgsgee thall notify mwtgagor of ~ change in such
~ amount. S~d? swns sF+all be applied by mortgagee toward the payment of real propeAy taxes, iruuraixe prem.ums. ~nd mort9aye ~vuanty inswar~ ~
~ premiums.
IN WITNESS W~HEREOF, the ssid MORTGAGOR hss hereumo set his hand a~d seal the day snd yeu t afwe~aid.
Sipmd, {s~ and~l ed in th~ presence of:
. ~ ~ ~
. ~ i
~ ~
~s.a~
STATE OF FLORIDA ~ ' . ;
Saint Lucie
courm oF . ,
~ ~ ~,~,p,,,~,,.d Kenton N. Jackson f
and
i z ab e th J. J a e k s on his wa~, w u,e~~ known .~a known to me to b.
rhe Ir~vidwb dexribed ln and who executed ths forepoirg instrw~w~t, and ~cknowledped befwe me tMt they executed tM ssrne fa tM p~rpwa
,r,~,er, .~,.,..a. n,~,d N,. ,,;d Elizabeth J. Jackson
,
w;f. or ,i,. M~d Kenton N. Jackaon „P,,, ,,.Q..,~. ,~,a p,;~„a €
examinaYwn by me tsken sepuste ~nd apirt from her said twrsband, adcnowledped ro~nd befwe me th~t ihe execut~d ~aid irutrument heely and voknr ~
ruily and withov~ a~y compulsion, constralnt, appreF+emion, pr feu of or from F~ said lwnband. . ~
~ WITNESS my IWnd ~nd official stal thi: ~S~F d.,~ or ah c. 19 66
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, Notary Public in +nd fa tM '3~ ~
My Cam+issan ~xpires: - ~
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RftYffl t0: -~'s
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- Fint F~dual S~vinps i Losn Ilssociation ' ' ~1 :'V -
or F«~ PK«<, FILE N.D C D
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. Q"'v',~~;--,; '66 MAR I 5 PM 3 : 47 . , , ,~i "
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' ~ = 143568
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~ ~ °u ~ ~ Ro6ER POiTRas. CLERK
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~'~~-~~°=-~`~:.~w~; ~ ST. LUCIE COUNTY,
~ : _ L~ ~ FLORIDA • .
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