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3. To plau ~nd co~tinuovsly kkp oo tFw buildinys ~?ow a hsre+ftN ~ituat~ on iaid I~nd ~ed on aft equipment ~nd p~rsonalfy aova~d by thi~ monp~ ~
y~. with ~tI pr~eniwNt thereon paid i~ (ull, f7~~ iruvrance ~n th~ wwl sundard policy fwm, ~n • turn ~pprowd by the MORTGAGEE. ~nd wi~dttorm .
inswanc~ in tht ~sual ttanda.d pol~cy tam, in a s~m approved by tM MORTGAGEE; in iuch company w compan~et q tM MORTGAGEE may }
d~r~clp u~d atl fin a~d wind~torn~ insur~t?a policies on any of said build~np~, any iMt~ts1 thertin or part thertof, in the ~re9at~ wm ~for~s+id ot ;
In ~acea ~he,~of, ihall cont~in ~he uiwl ~andud mor~g+pN cl~use w iuch o~ha cl~uw as th~ Mo~t9+9~~ r^+Y ?Wuir~. makinp fM loss undK ~aid poli~
ciq, tach ~nd every, pay~bl~ ro siid MORTGAGEE ~s iti i~?ereit may ~pp~ar, ~nd each u~d ~ve.y tvch poticy ihall bt promptty au:Q~ed and deliv~r~d to
any h~W by ~aid AAORiGAGEE as fwehe~ sccviity to ssid mor~9~~ dtb6 +nd, no~ I~u tM~ ~en (10I d+ys in ~dvarxe oi tM ~apkation of each polky, ro da
~~~K ro uid MORTGAGEE • r~newal thereof, ~ogc~her wi~h a rece~pt fw th~ p.emium ot wch renew~IJ ~nd tFKr~ sh~tl be ro fue or winds~orm iniur~na
pl~t~d on My of ssid buil~igs. ~ny i~terett thK~in or put thereof, unleu in rFK foim'~nd w;tl? ~h~ bu payable ai ~fa~said; a~d in tM ~veeH any ~um
of morNy becom~s pay~bl~ under ~uch policy or polici~i s~id MORTGAGEE shall Mw tM oprwn to raceiw and ~pply th~ sam~ a? ~ccount o~ ~M ind~bted
neu aKw~d Mr~by w ro perinif s~id MORTGAGORS to receive and ~ it or any psrt thereo( fo~ orhe~ purposes, wilhout th-.tb/ waiving a~mpair.
inp any pv~ty. liee or riyh~ unde? a by virtw of thii mortp~y~t and in tM ~vent taid MORTGAGORS shaU for any r~ason f~il fo keep tM said premiia ~o
~n~u?ed. or f~il fo delive~ promptly ~~y of said policies of insunnrs ro said MORTG/1GEE. or fail promptly to p~y futly ~ny p~amium therefw o? in anY
reipM fail b p~rfaal, distharge, execut~, ~ffect, complet~, comply with and abid~ by lhis toven~nl, w ~ny put haeof, said MORIGAGEE m+y pl~ce ~nd ;
p+Y fw sirch inwranc~ a any part thereof without watvieg a~ffectinp ~ny optan, IiM, puity. w ~ipht u~der a by virtw of tAis Mor~pa~e, and the
full ~mount of sach and ~wry suth payment shall b~ imn+eJiately dw aod p~yabf~ and sh+ll bear inttrest f~om tl+~ d~t~ the~eof un?il paid a1 tM rah ol
~~e» pn ca~tum pN annum ~nd toge~her with wcA interest sh~ll be secvred by fM li~n of thi~ mort~e.
4. To p~rmiy commit or wffer no wast~, imp~irmenl or deterior~tan of ~aid propa~ty a any part the~aof,
S, to pay all and w+pulsr the.coiri, ch~rpes u~d exper~ses, includirg ~ reasoe+abls attorney's fee snd cosn of sbstrsctt of title, incu~red a paid s~ ~
any time by iaid MORTGAGEE, because or in ~he event of tM failwe on the pa~t af the said MORIGAGOR ro dvly, promptly ~nd fvlly pe~form, d~uhsrge,
eaecvt~, eifsct. complet~, comply w~th and abide by ~ad? ~nd every the ii~pula~eau. agreements, tonditia», aod tovt~+nb of said promissory noh and thii
morty~p~ ~ny p either. ~nd ia~d cosn, charyes ae?d expeires, esch and ~very, sMll b~ immediatety due +nd psyabk: whether u not ther~ be noeic8 da '
mand attempr ro eolkcf or ~vit pending; and tia tull imount of each aad every wch psyment th~l~ be~? interesf from the date thtreof ~ntil paid +f fhe ?
rate of nine per cenwm pet an~wm; and all iaid cbsn, charges and expenses incvrred w p~id, togetMr with svch imsrat, shall b~ secured by the lien of thw
mortpaye.
6. TMt CaI in the erent of any brsach of this 1No?rgap~ w defavp on tFr part of ths MORTGAGOR, or (b) in the event any of si~d tum~ of money
herein r~ferr~d lo be not promp~ly and fully psid wi~hin thirty (3p) days next ~frer the same seve?atly become due and payable, without demsnd w nmice.
or in tM ~vMt eatA and evety the stipvlations, agrtementa, condifior~ a.~d covenanb of said promiuory rate and th~s mw~pipe ~ny or eitFwr ar~ ool ~
iulY.'promptly and fully pe~fwmed, d~schar~ed, executed. ~ffetled. compkted, complied with ~nd sbided 5y, then in eitF~er w any such evem ~M s+id ~g ~
pre~qat~ wm mention~d in =aid promiuwy note tF?en ~emainirg unpaid. with interest scuued, u+d all moneys secvred hereby, sMN beeome dw and pay~
able forthwirh w th~reafter, at the opfion of said MORiGAGEE, as fu{ly ~nd completely ~s if all of the taid w.~u of ma~ey vircre wipindly uipubted " }
to be pald on such d+y, u~yth~ng in sa~d prom;ssory nete or in thn Mwtgage w ~he contrary notwiths~snding; a~d thereupon a thereafter th~ option of
said MORTGAGEE, witFaut notic~ or dem~nd, suit at la~r w in puiry, ther~fwa o~ thereafter bequn, may be prosec~ted ~s if all moneys sacvnd hereby ~
nad matwed prar ~o its insritution. ~
7. TMt ie+ ths event thal at th~ beginning of w ~t any time pending ~oy wit vpon th~ Mortgsg~, or to iwecloss if, or to refwm it, or to enforc~
payment of ~ny claima he~cur+der, said MpRiGAGEE th~ll ~pply ro the Coun luving jv.isdictiw~ thereof fw the appantmenf of a Receirer, such Court sh~Il
ia+liwijh ~p}winl a receivet of taid mortgaged property aN snd sing~lat, i~clpd•ng s11 and singutu ~l,e income, p?ofi», issues and ~evenves from whatever
wurce derived, eath and ~vtry of which, it bcinq expreuly understood, is htreby mortgaged q if specifically se1 fath and dewibed in the 9rantinp and
hebcrdwn ctauses hareof, and such Receivrr shal! h~ve al! the broad and effective furxt~ons and powers in ~nywise ent~ustcd by a Cov?t to a Reteiver, and
s~ch ~ppoiMment thall be made by such Cour1 ss an admitted eq~ity ard a m~tta of absolure r'~yht to taid MORTGAGEE, ind without ~e~erence to Ihe
adequuy a inadequacy of the vslve of the properry morlysged w to ~ha sowency or inwlvency of iaid MORTGAGOR a fhe defendants, ~r~d tMf such
renrs, profib, income, iu~es and reve~ues ihall b~ applied by such Receiver xcordin~ to the lien or equity of taid MORiGAGEE and the practica of such
Court. .
8. To d~ly. promptly and (~Ily perform, discFurgs. eaecute, effect, conplNe, comply with a~d abide by each and every the ~tipvlations, sg~eements,
conditioru and co+renants ~n said ~lromiuwy not~ ux! this mortgag~ set forth.
9. That in th~ evcnt the ownership pf the mongsped prem;ses, or any part thereof, becomes veited in a paw~ ofhcr th~n the MORTGAGOR, ths
MORTGAGEE, its successors snd auiy~n, may, wifhoul noi~ce to the MORTGAOR, deat with such succeuw a suuessor io interest wirA reference to this
morrgaQe and rM d~b1 hereby secvred in fhe same manner as with Mbrtgsgw withovt in any way vitiating a discFwrging the Mortgagws' lisbility hcre-
unda or upon the debt hereby sccvred. No ssle of the Fremises hereby mortgaged ~r+d no fwbeara~ce on the pan of the MpRiGAGEE w its succeuon
w auigm u~d no earensan ot the time for the payment of ti~e debr hsreby secv~ed giwn by the MOR1GAGfE w its succtssors w assigns, ?!»tl operate
ro reksse, discMrye, modify change a affect the oriyinal liabitity of the MORTGAGOR htrein, either in whole w in put. _ ~
10. It is specific~lly agreed tMt tirne is of the essence of ~h~s cor~tract ~nd that no w~ivet of any obl'~g~ian hcreunder or of tF?~ oblipation ~e-
ci;red henby sMll aey fime tf~e.eaf~er be heid to be s wa~re? of the terms hereof a of the insr.ument secwed i,erby.
I1. fn ~ddition ro rhe foreqo:ng rtqnrhty paYrnenrs of print'ppt and infe,est required by the promissory note sec~red hereby, mortg~gor covenants
and agrees to psy to mortgsgee with each monthly paymeM an add~rion~l sum estimated by mortysgce to be eqwl to 1/12 of tMe annual tost of the follow-
'ng:
A-All resl property taaes kvied o? assessed against the above described rea! estat~.
B-Psemiums on fire and windstorm insurante as herein requued to be carritd on tFro improvemenri sifuate on the above desuibed premisp,
C-Premiums on suth mortgage gwranty inwrance as mortgsgee shall from time to time deem fit to wrry on the lp~n secured hereby.
Matgagee shall from time to time notify mortgagor io writ~ng of the amount due and payabb i~erevnder and such sum sha0 thereupon be due ~nd
payaWe on the due date of the next monlhly payment ~nd each wccessive mo~nth theresfter until mortgagee shall not;fy mwtgsgc~r of ~ chanpe i~ wch
amount. Suc!~ sums shall be applied by mortgagce toward the payment of real property tsxes, insurance prem:wns, and mortgsye guaranty inwrance
p~emiums.
!J YVHEREOf, the said 4T has hereuMO set his hand and s~al tlk day and year fint afor aid_
•nd ered ' t1N of. . ~p/!r ~:dT/(
1Se+q
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STATE OF FIORIDA ~
courm oF St _ Luc ie
eafo.e n~. penon.~~y .ppearea M. H. S e o t t, & s ingl e adul t. ,,,d t
1
~filr ~rfFe; to me well krawn and known to me to be
the ind"nidua~ described in and wFo ~xecuted the foreyuwny instrument, ~nd sdu+owledged befwe me that -~he~. executed the same for the pwposea
therein txpressed. /1wd-/krN~
O~ifR'O!` AIrAh1- * ~~~~}p~~
ac~n+inMi~w~ ~w~-tak~w-s~p~rMr+mF ~»rt howf-i+erssid ~wnb~nd-ade+eNledge~ ~e ~nd-befvr~ lhat ~l+e txaeote~ s~id instren+enrfredy-snd ~oltin-
?sriFy-an~ wi1F?aih wq con~rkien; eon~tra~in?,~ppeeMen~ tew ~of-vr-f~en? her ~id f~osb~nd.
W(TNESS my hsnd and official seal thi: ~ day of • A. D. 19~
Notary ic in and for the State of Fbrida at lupe
My iasion eapires:
, .fE~tts~ Ta.
flra F.dlr~1 '~+vkip}: ~ lN" wssouarwn rvotary Public. Ytat! of F~orid~ ~t Lan ~
:;~f~~~,p~, My Commission Expir~t Aus. 6, 1967 `
; ~ 'Fort~P,is?~:
;flbVda BOtldid By /~,ff1~~IG~O $U7~~1 GQ. Ot Yi ~
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ST. lUClE COUNTYRK -
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