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S. To piac~ u~d continuovs~Y kNp on th~ buitdinps eaw a Iw~~aftN utua~~ on sa~d tu~d and on dl ~quipn~nt ~nd pNSOn~~b c~~d bi? ~4 ~~Y'
p~, with ~11 p~miw+w the.~on p+~d in fu11, fin iniuranc~ in ~M uawl iuedxd policy foren, ~n a iwn approwd bl? th~ MORTGAGEE. +~d `"""d~~°"~
ira,xano~ M tM ~swl atu~danl policy faen. tn • wm approwd by tM MORTGAGEE; in wch canP+nY or canP+ews +s tM MORTW?GEE m+y
dind~ and all fu~ ~nd windsa~m iraw~+a policie~ oo ~ny of Mid b11iWMQf. M1y If1NtM1 iMtfill Of pift II1NW~. in tM ap~e9+t~ swe ~fonsaW a
In ~xon~ tMnof, sh~ll contai~ 1M vswl ttandard matyap~~ cla~ a iuch otM~ cl~vu a tM Morty~p~e m+Y nquin. ^wkinp ~M Iw+ u"dK wid po1i~
ci~. tach ae~d ~wry. P+Yabl~ a wid MORTG/?GEE a i» intKest may ~ppNr. and tach and ~ve~Y such policy ~hall bt pron+pth +si:ymd and delive~~d ~o
~ny MW by wld MORTGAGEE ~s fwther ucwity to s+~d mortpa~ d~W. u~d. oot kss than ten (10) d+ys In advwict of th~ expi?ation of ~~ch Pe~ih?. to d~
liwr ro wid MORiGAGEE ~ nn~wal tMnof, top~tha with • nc~ip~ for tM p~miwn of wth reMw~lj u~d tMn ahsll b~ no fin a winds~o~m In~w~na
pl~pd on aiy of a{d buildinps. u~y inta~st thenin a put ~wf, untess in tM iwm' ~nd wi~h tM loss p+y+bl~ ss ~for~said: and in the ~vMt ~ny wn+
~f nqr»y becon~e~ p~YabN ~nd~ wch pol;cy a pol;ci~s uid MORTGIIGEE shall hiw tM option ro r~uiw and apply tM we~ on ~coow?t d tM ind~bttd-
nNS s~cund hKtby a w p~imit s~id MORTGAGORS ro reuiw u+d u~ it w aey put thereof ia orhe. pu~poses, w~ihout ~hxeb~ w~i~in~ a wnpai~-
inq ~nY qu;ty. It~n w ripht wider a by virtw of this ~nortpsp~: ~nd in IM ~vent s~id N10RTGAGORS t!»II for a~y ~tawn isil to ke~p t!w s+id pr~mius so
inwred, w f~il b d~livw pranptly ~ny of s+id poliei~s of ieavnnc~ ro said MORTGAGEE, w i~il promptly W paY fully u~y p~emiwin tha~(or a in any
rqp~ct f~i) b pufam, disch+rye. f7tlCVtO. ~ffM, oompl~M, tanply with and aEid~ by t1~is coveo+nt, or +ny Put hawf, aid MORTGA6EE m+y platt and
WY fw wch ierwaKt o~ any part thKeof wiMout wahrinp or aff~ctinp +^p eP~~on. ~i~n. puitY. w riph~ widN w by virtw of this Mor~p~pe. ~nd tM
fv11 amow~r of ~ad~ and ~wry wch p+rma+r s~++U b. ieun.di+~eb dw +nd py+bN +~d sh+ll b.ar inm.s~ from ~M dan rhueof w+~il paid a1 tM r~h oi
nin~ p~r nr?twn pN annum ~nd topether with uxA inte~at th~U b~ Mcwsd by tM li~n of this matp+~.
a. To p~rmit. aon+n~it or suffa ~?o wut~. fmpainnent w dNeriwation ot ~aid prop~rtp ar ~n1r pa~f t1N*wf.
S. To pay ~II ~nd sinpular tMtvsn, charpa ~nd ~xpaw~, i~cluc':'~p a r~awn+bl~ snomey'a fes and cwb of abit~acts of titk. incwred or paW +t
uqr tirM by s+id MORTGAGEE, b~cwk or in th~ ewnt of tM fail~n on the p+n o! tM akl MORTGAGOR w duy, promptly and fully pKfonn, d~xMry~
~x~cut~. df~d. oomPb~~. complY with and abtd~ b~r ~+ch ~nd ewry tl» stip~larioia, ap~nts. cadifioro. ad aown+nn of uid promiuwp not~ ~+d rha
morty+p~ +nY w ~i~M.. and s+id cos~s. chuq~s u~d eapsroe~. ~sch and every. ah~ll b~ hwnadiately dw u~d psy~bl~: wh~thtr a not tMr~ M eatici d~
maed, ~mmpt to aolkct w wit pN+dnp: and th~ full rnow+t of exh and ew.y wch p+rm~n~ ~1~+11 b~+r inttreit fran th~ dat~ thtreof until paid a~ the
r~te o( i+ln~ pfr centwn psr urw+~: a~d all ~aid cbits, chuyts and e:pN+ses inairred or paid. topelFwr w[th such interat, sMll b~ s~n+r~d by tM IiM of tha
mortpp~-
0. lfwt (a) in th~ event of ~ny br~ad+ of this Mortpap~ a d~fault on tM put of Na MORiGAGOR, o~ (b) in tM went aey of s~~d wms of ean~y
l~~in r~f~n~d to b~ no1 pranptly and f~lly p+id within thirfy (30) days eeat after the s~me uva~llr bscaoe dus ~nd psy+W~, witho~f dem~nd w notice.
w W in the ~wnt ~ach and ewry the ~tipulatfora. +9rNments. ~nditions ~nd cavenana o( a~d pranisw.y oa~ ud tlw morp+y~ ~ny or ei~Au an nW
iuh, prompty ~rd fvlly pKfam~d, discharped, execut~d. ~ifbcted. compkted, canpl~ed with ~nd abided by, tMn in ~ither w arqr svch ewnt tF~ s+id a¢
p~eq+i~ swo mer?tia»d in taid promiuwy oot~ tl~en rsm~ininp unpaid, with intertst aarved, and all moneys s~cwed lw~by, sh+ll b~tary dw u~d pap
~bl~ fo~thwitA, a ths~e+Ner, at tht optioo of said MORTGAGEE, a fvlly ~nd compbtelY as if all of the ssid wms of ma~ey wen wi~in~lly ttip~rlated
to b~ pa~d on wch dsy. anythiap i~ said promiuory nofe or in this 1Mort9~ to 1M tontrary notwitMtandinpj an~ the~e~pon a M~reaha ~1 tM option of
uid MORTGAGEE. withow notic~ w dem~nd, wit ~t lawr or in puity, the~eforo w tFrcreahsr beywy may bt prosecvted ~s if ~11 morny~ ~swnd M?~by
had mafWed~ptiq to ih iintit~`rion.
That in ths ewnt ~h~t ~t 1M beginninp of or ~t any tirtk pe~ng soy wit upo~ fhis Mortgape, or to iweclos~ h, w to roform it, p to enfwp
payment of ~ny daims herevnder, s+id N?ORTGAGEE sMll apply to the Court having jw~sd~cYan thcreof fa tM sppomtment of a Receiva, wch Court sh~ll
Fortliwith appoint a receive~ of wid mortpa9ed property all u~d sirgvlar. inclvd~ng all ~nd ~irgulu tFw incomt. profi», icsues +nd rovenues from whatw~r
•owe~ dKived. fad~ and every of wb~ch, it beirg expressly understood. ia hereby mortgaged ss if specitic+lly stt iath and desuibed in the yrantinp aod
habendwn clavus Mreof, ~nd sud+ Reoeiver shall Mve all the b~oad +nd effediw fw~ct~oes and powen ie aeww~s~ entrwted by ~ Cwxt to • ReceFva. ~nd
~uch ~ppoimment shall be made by wch Court as an ~dmitted equity and ~ m+tte? of absolute •pM to ssid MORTGAGEE, ~nd without reference to th~
~dequ~cy w Nwd~qwcy of tM v~lw of the p~bperty mwtyaged or ro tl+e sonrency w~nsolvcncp of wid MORTGAGOR a tM defendann, and tMt wch
rents, profits, incane, iswes and nvenues sh~ll be applied by such Rece:ver accordin~ to tM lien w puiry of wid MORTGAGEE and th~ practict ot wch
Carrt.
8. To d~ly. promptly uid fvlly perform, dachar9s, execute, effeN. compkte, comply with ~nd abide by each and every the stipul~tions, apreemeets,
conditiora ~nd covenann in said promisswy ~wt~ and this mwtQage set fwth.
9. That in th~ event the ownenhip of the mortya9ed premises, a any p+rt thereof, becomes vested ln • person othe~ tMn the MORTGAGOR, tM
MORTGAGEE, its successon ~nd auigrn, msr, wi~how not~ce to tM MIORTGAOR, deal w~th such successar w wccessa in intersit with refererKe to tha
nwtya~ and tha debt hereby sccured in tM ta+» mamer +s with Mortysyw without in any w~y vitiatug w d'~scMrpirg the Mortyapors' ~iabiliry her~-
under or upon th~ debt hereby secwed. No s~~e of the premises hercby mortgaped and no fwbe~rance on the pan of the N10RTGAGEE w in s~ocessors
w auigen and no extension of the tGme for the payma+t of the aebt hareby ucured Qiven by th~ MORTGAGEE or its svcusson w+uiyra, ~hall oparat~
ro release, discMrye, modify chaege or affect ths oripinal INbility of the MORTGAGOR hereit4 either in whole or in part.
1Q It h specifically preed th~1 time h ol the essence of this cor?tract snd thst no waiva of amr obl'gation h~revnder or of th~ ob~iy+tion ~e-
a,red htreb~l shall at any time ti~ereafter be held to be + w~iver of the terms hereof w of the imtrwnent secwed herby.
11. In additan to the forego:ng monthly payments of princ'p~l and interes? required by the pra+i~uwy rate secwed hereby, mortgagor covtn~nb
and ~prees to-p~y ro mortgagee with e~ch monthly payment an addi~ional sum a~imated by mortyagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property fsxa levied w auessed agair~st ~he above described re+t est~te.
i
; d-Premiums on fire and windstorm insurante as herein requ~red to be urried on the improvements sitwte on the above dtsc~ibed preniues.
~ C-Premivms oo su.th mortg+ge gwranty inwrance u mortgsyee shall from t~rr~e to time deem fit to carry on ~he lo+n secured hereby.
Mortgagee sh~ll from time to time notify mwtgagw in writing of the amoum due and payabk hernxder aod such sum shall thereopon bs due and
paY~ble on the due date of the next moethlY psYment and each suaasiw momh thereafter unfil mortgsyee sh~ll notify mortgagor of ~ ci~r~e in wd~
~ amount. Such sums shall be applied by matgayee toward the payment of re+l propeny tsaes, inwrance premiums, and morf~s~1~~IM`Iq~~~rr~ncs
~ _ r~~;eat~
IN WITNESS WFiEREOF, the said MORTGAGOR hu herevmo set his hand and ses~ the d+Y ye+r fint aforasaid, '•Z Y~- Ol ~~y.
and ~d in NM plelMC~ Oft ~ y~~ f~-
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STATE OF FLORIDA ~ COUNTY OF ST~ L~~~ ,
~^R POiT~a
I HEREBY CERTIFY, That on thi ~'ey~~ r_oUNTYAPril , A.D. ~9 66 ~
befors me penonally app~ared Joht1 P. Hok~~-~~~A a~ Fred F. Adems
respectivelyth8.- Prssident and Sauetary'T re e e ure r of
~
H~~ R~'1'A~ s~C • , a Flori da Corporation, to me ~
known to be the persons dsscribsd in and who executed the foregoing instrument, and severally acknowledged the exc =
i
cuti~~ '::,.~'~'~ijs their free ad and deed as such offiaers for the uses and purposes therein mentioned; and that they
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f;
e~~l;~yli~;1!k~ieC~#~je.ial seal of seid aorporation, and the said in:trument is the act and deed of said corporation.
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~°'s. : 7 s
vV~f~~;~i~~~~:~~td~fNcial ~al at Fort Pieroe e F ida, ~~d oounty state.
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. ~~~'Il _ X: ~ .sJi
';~~.~V ll:l.~~' Notsry Public, i nd for State and County aforesaid.
; ` M~•,~ - . My Com ss Expires: * ~
• ~ Publlc, lfeN of AorRf~ at
~ Flw N
. ~G~, My Commission Expins Aua. 6. 1967,
Bondtd ey Am~rican Sunty Co. of N. Y~ '
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aooK ~44 326
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