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To plac~ ~nd continvously kNp on the b~ildinps r?ow a Mreaft~? situ~t~ o~ iaid land and a+ rll equipm~nt ~nd ptnonaliy covNed by this mat~
p~, with all prtmiw~3 thereon p~id in full, tirs insv~anc~ in the u:ual ~tandard polity fonn, ~ a sure ~pprov~d by tM MORiGACsEE. uw! winditpm
inwr+nce in tM uswl ~~andard policy f«m, in • sum approved by ~M MORiGAGEE; in tvch company w canpani~s as t!y MORTGAGEE may
dinctl and ~II iir~ ~d windstorm inswanu policies on ~ny of aid Ixrild~~gi, any inMreit therein or part thereof, in tM apqre~~t~ avn+ afor~said w
in ~xuss the~~oi. ~haN contain ~ia wwl standud morrpayee clavse a iuch other cbvss ~s tM Morlys~ee may rp~ir~. makin~ tM Iwi under ~a~d poli~
ci~s. ~~ch ~nd ~very, pay~bl~ to uid MORTGAGEE as iq inte~e~t may appaar, ai?d each ~nd ~very ivch policy ~h~ll b~ promptly ats.~ned and detivered to
~ny heb by said MORTGAGEE ~s (urlha iec~rity ro~id mortpaq~ debt, and, not less than ten (10) days in adva~ce of the ezpir~tw~ of each policy, to e!~-
liwr to ~aid MORTGAGEE a ~enewal therwf. 1o~etl+K with a receipt fw the pr~mivm of such ~enewal; and Ihen ihall be ao fire w wind~twm iruur~et~
pl~pd on ~ny of s+id buildiegs, ~ny interest thetein or p~rt tMrwf, u~leu in ih~ fo.m'and wi~h tM loss payabk a~ afaesa;d; and tn ~M ev~r?t any sum
of ~wn~y becorn~s payable wKler such policy or policies said MORiGAGEE shall Mw tM optan ~o receive and apply tha isrtK on account o1 tM indeb~~
~xss s~cvr~d Mreby a ro parmit said MORTGAGORS to receive and us~ i1 a any part thereof fa othcr purposes, wi~hout thereb/ waiving w~mpair-
tny ~nr puity. lien a ri~ht unde~ w by virtu~ of~thi~ mortgspe: and in ~hs event s~~d MORiGAGORS shall iw any re~son fsil to keep the said pr~mius w "
iniured, w(ail b d~liver ptomptly ~ny of said policiea of insunncs to said MORTGAGEE, w fail promptly Io pay fully ~ny premium therefq or in any
respM fail b pNfocm, discharga, ~xecvte, effect, complete, comply with ~nd ~bid~ by this eovenant, o. any pa~t ha+eof, said MORTGAGEE m~y place and
paY la sucl~ insuranct w ~ny p~rt thereof without walvinp or ~ff~ctin~ any option, IiM, equity, a riqht vnder a by vihw of this Mortyap~. ~nd tM
full amo~n~ of sach and evsry such payment thall bs immedi~tely dw ~nd paysWe and sF?~II bear int~~est from ths dat~ thereot until paid N th~ raM of .
ninf pN centwn per anewm and rogethe? wi~h sucl+ interest sMll bs secured by th~ litn of tha lnortys~e. .
I. To pamH, oommit or suffer no wau~ tmp~irment a dete.ior~tion of aid property o~ any put thereof.
5. To pay all N+d iinpvlar the<ous. charpa ~nd expanses, i~cludinp • reaio~able attwneys fe~ and cosn of ~bst~~cta oi tiNe, ii+cvrred or paid ~t
any time by s~id MORTGAGEE, bscaus! w in tM event of tha isilu~e on the pa?t of th~ said MORiGAGOit ro duty, p~omptly ~nd Fvlly pe?form, d+scharga~
exe~cvte, effsct. tompl~t~, tomply witF~ and abide by esch and every the itipulaNwn, ~yreements, conditiont, and coven~nts of said promissory ~ote and ~hw
mo~t9~p~ ~~ry o~ eitha. and said cosn. charqes ~nd eape~res, each and every, ih~tl be immedi~tely dw ~nd psyable: whetha a ~ot ther~ be no~ice ds
mand, ~ttempt to coikct a wit pendirg: aixl tM f~ll anount of each and every uxh payment slull bear interest from ths dat~ thereoi until paid a~ the
rate of nine per ccntvm per amium; and all s~id cdsts, chuges and expenses incurred w p~id, topelher with s~ch intereit, shall b~ pcured by tl+~ IiM of tha
morty+~e•
0. That j~) in tl+e avent of ~ny Me~cF~ of this N~ortpap~ w defautt on the part of the AAORTGAGOR, w(b) in the event ~ny of said we?» of monay
herein r~farred to be not promptly and fvlly paid wi~hin ~hirty (30) days next afta the same severaty becoms due and paysbl~, withovt demand w notite,
or (c) in the ~vent each uK! evKy the itipulations, agreem~ms. condiriw~s snd coven~nts of ss~d promissory nwe and th~s mortyp~ any or eitl~ ar~ nW
ivly, promptly and (vlly periwmed, d~scharped, executed, effected, compkted, compl~ed with and abided by. theo in either or any tuch ~vent tM uid a¢
presat~ swn mentiwKd in s~id promiuay npte then remaining unpaid, with interest acuued, and all montys setured herebY. shall becort~e dw arxl p~p
able fwthwith, a there~fte~, at 1M option of said MORTGAGEE, u fuNy and completcly as if ap oi the said sums of nwney were orginilly atipulated
to ba paid on such day. anything in said prom;uory note or in this Matgage to the cootrary notwithstanding: ~nd thereupon or thero~fta at the opYwn of
uid MORTGAGEE. without notKe a dem~nd, suit at law a in pvify, therefo?s or tFvereafter begun, msy be proxcuted as if ~II ma+eys securd hereby
twd matwrd p?wr ro;ts iratitution.
7. TMt in tl+~ event tMt at the beginning of w at any time pending aoy suit upon ~his Ntortgaga, ar to fareclasa it, or ta reform (t, or to enfercs
payment of any claims herevader, ssid MORTGAGEE shall spply to the Court having jurisdiction thereof fa the sppo~~tment of • Receiver, wch Coun shall
Fortliwith iPPOtM a fKlivN OI iAliJ ItlOff~~ld Plppllty ~0 and iu?yulsr, includ~r~g all ar~d singvlar the income, profi», issues ~nd revenves from whateve~
sourca derived, esch ~nd every of whicFp it beinp expreuly undera~ood, is hereby morfgsged ss if specifically sef fa~h and dewibed in the 9ranting and
haba+dum ctavses hereof, ~nd such Receiver shatt have afl the broad snd effectivt fwrct~ons and powcrs in ~oyw;se entrwled by ~ Court to a Receiver, aod
such ~ppointment shall be made by wch Cowt u an admitted equity ~nd a rt+i~ter of absolute rigM to said MORTGAGEE, and without re(erence to the
adequscy o~ insdeqwq of the wlue of the prcperty mwtg~ged or to ~he sonrency o~ insolvency of ~aid MORiGAGOR or rhe defendann, and that such
re~„' profin. income, ;uues and revenues shatl be applied by such Receiver accord~nq to the lien w equity o( said MORTGACaEE and the practiu of such
. 8. To duly, promptly and fully pafomi, dixharye, execute, effect, complde, comply with and abide by exh ~nd every tF~ stiputafions, ~greements, '
conditions arid covenana ,in said p?omissory nots and this mwtgage sef fafh.
9. iMt in the event rhe ownersh;p of rhe mortg~ged premises, or •r,y p~rt thereof. becomes vested in ~ penon other than the MORTGAGOR, ths
MORTGAGEE, ib succcssors and augro, msy, without notice to the MORTGAOR, de~l wi~h such tuccessw p successor in interest wi~F~ refcrence to this
mwtg~ge snd the debf hereby secured in the same rr~snner as with Mwlgaga without in ~ny wsy vitiatiny w disch~rging the Mortyagors' liability hera
under w upon the dcbt Aereby secured. No s~le of the premixs hereby m xtp~ged and no fwbearance on the part of ths MpRiGAGEE w in successors
or ui~g~u and na eztension of the time fw the paymeM of the debt hereby secured given by the MORTGAGEE w itt succe:sws or auigns, shall operate
lo rdesse, dixMrye, rtadify ch~nge or effect the wiginal lisbility of the AhORTGAGOR herein, eithe? in whole or in part. 1
10. It is specifically ~greed th~t t~me is of fhe esse~ce of this contr~ct and thaf no wsiver of any oblgaYwn here~nder a of the obligation se-
cured hereby sh+ll at any time thereafter be held to be a waiver of the terms hereof a of tFro irotrument sec~red lierby.
I1. In addition to the forego:ng monrhlY paYmants of princ'pDl and inrerest required by the promissory no?e secured hereby, mongagor corenants
and ~grees to pay to mortgsgee w;th e+ch mon~hly.payment an add;iwryl sum estimated by mortgagee to be equal to 1~I2 of the annval cost of the foHow-
ing:
A-All ~eal property taxes kvied w assessed aga~nst the ~bove described real estata.
B-Premiums on fire and winds?orm inswance as here~n ?equ~red to be unied on the improvements situatt on the above described promises.
C-Premiums on such mortgage gwranty ins~rance as mortgagee shall from t~me to time deem fit to urry on the ban secured hereby. i
Morty~gee shall from time to time notify mortgagor in writing of the amount dve and paysbk hcreunder u+d such sum shall thereupon be due and
payabte on the due date of the ~ext ma,thly payment and exh successive monfh thereafre~ ur.lel mortg~gee s}~al~ notify mortgsgor of a change in such
amount. Such sums shall be applied by matgagee toward the payment of real property taxes, insunnce prem:vms, and mortgage guaranty inwn~ce
p~emiwns.
W WITNESS YVHEREOF, the id MORTGAGOR has hereunto set his Mand snd seal the day snd yesr fint aforssaid. !
~ ed. al f deP eseoce of: _
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tSeaq i
, STATE OF FIORIDA t
st. T.,x~i g ~ ~
courmr oF
Blair B. ~
defore me person+lly appe~red Arnol ~i ~
R o s~ 1 i P R. Art1o 1 d his wife. :o me well known and known to me to be
ths individwb described in and-who executed the foregoing instrurt~ent, and adcnowledged before me that they executed the same fw ths ~wrpwes
.~?~.ea. a~a tti. Roq ~l i e R. A rnol d ~
wife of ths said Rlair 1.~. Arnold upa~ s separite ind privit~ ~
examinat~on by me taken separate and apaN from her seid~nd, aclcrwwledged to and befwe me that she executed taid instrument freelr and voluir !
tarily and withovt aryr comp~bion, constraint, spprehension, feu of or from he? said husband, _ ~
WfTNESS my f?ind ~nd off;asi seal thn ~c~ d~y o{ A ri 1 A D. 66 '
~ / '
_~7~~ ~ / ~l l
Notary Public in and 1or the Stale of Florida ~
Retvm Ta ~ My ~~'~'dtotarr Public, State at F~I~n~a
at la~ge
F~nr Federa~ s~~+~yi a~,,, a,&~ p A N D RE C 0 R 0 E 0 /~~~~0~ ~r ~O~~san Exhres Nor. 3, 1969 ~
twaa tr +~6«.~.~ ~~r. s[+w„ur co. ~
Of Fort P~erce. , ~ •
fort Vierce. Fbrida C~~~~C~C~~ 0 ~ K , ::;c::::~:
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66 APR I 8 ~:~'t' ~~~,..:'~,1 .
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Ro~~H144522 ' w
F~1~' j~~~ ~LERK ' - : ~ ~'Z ~ Ll.
ST, LUCIE COUNTY = , `
~c FLORIDA ~ `'-,`%i~••.:.....•~:~~„=~-:
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