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To plau ~nd contlnuousy ke~p on IM buildinps ~w~w or hK~afts~ sitwt~ on ~aid land and on ~11 equtpm~et and pKSa?~Ily cowr~d by tNs n~qrq.
with ~II p~miwrs tMr~on paid in fvlb fin inswanc~ i~ th~ wwl i+aodard potiry form, ~n a wm approwd by tM MORTGIIGEE, snd wiei~rorm
inwanca tn tM wwt atu~dan! pol~ey foren. In • wm apprwed ~y ~M MORiGAGEf; in weh eomp~y or eomp~ei~s q tM MORTGAGEE e+~y
dincq ~nd NI fin ~od windiarm i~uwaeoe policiea on aay of said build~nps. ~ny intK~st tFw~~in or pan thawf, ln tM +p9rp~t~ w~n afor~W a
M~xo~ts tMrwf, ~MII conuin th~ uswl sunda~d matpapee cla~ a sucA otMr claua p th~ Mwt~apM may rp~u~. mak~+Q tM bss und« aid po1F
c~a, tach and ~wry, paYabl~ w said MORTGAGEE ai ib iroK~st msY app~a~. and ~ach and ~very wch policy shall b~ promptly asi:y~ed u+d ddiv~r~d to
any h~Id by said /~ApRTGAGEE a funhe~ sxvrity ro srid mortpap~ deb1, and. not t~as ~ha~ ~en (10) dayt in advu~o~ of tM expir~tion of ssch policy, to d~.
liwr to said MORTGAGff ~ rtnewal tMnof, rope~ha whh ~ reuipt for tM p~miwn of wch ree~w~lj ~nd ther~ ih+ll b~ no f'a~ w winditan+ 4awx~c~
pt~pd on any of ~aid buitdinps, ~ny int~?at 1Mr~ui a pan tMnof. unl~ss in tM form'and with ~F» lou p~yable as ~fwes~idj and tn tFw ~wnt any sum
of mw~y b~oor~s payaW~ w~d~~ wch pol{cy or pol;cie~ u;d µpRTGA('sEE sAall haw tM option to ?sceiw and ipply fM su~ on ~aount o1 tF?~ iod~b~ed-
nns Mcvr~d hKeby w a pamit uid MORTGAGORS ro rspiw ~nd uf~ it or any put thereof fa othe? purposei, wi~hout tha~eb/ waivi~y a impair-
irg any pvity, lia~ or rph~ w~dK a py vlnw of this mort~s and in tM ~wnt s~id MORTGAGORS sMll fw ~~y ~~awn i~il to ka~p th~ ~aid pr~mitea w
iruvnd, or fall 1o d~4w~ promptly any of aald pel;ci~s of iasunrw w said MORiG/1GEE, w r,~i ~ty w Pay t~iN ~~yr p.~mi~n+ ther~fo~ or in any +
r~tp~tt f~il b pKfocn~, discMrp~. tx~tvt~. ~ff~ct, tompl~t~, tomply with and ~bid~ by this covMant. o~ u~y put her~of, said MORTGAGEE nwy plap u~d
P+y for such inawano~ a~ny put t1+Keo/ witAout w~Ninp or ~ff~inp +ny eM;oR. ~hn. p~++t1r, a riph~ u~der w by vi~tw of this Mwt~. and tM
fu11 miouet of each and w~ry such p~ym~nt ah~ll b~ ~~,+.aNt.y aw ~,d r.Y•w. .~a s~+.u b.+. s~r....~ r.o~ tM daq thsrwf w?til paid at th~ ran o1
niM pa c~ntum p~r a,num and tope~he? with wd? int~rest sh~ll b. secvnd by th~ liu~of this mott~e.
4. To p~rmip oomnJt ar wff~r oo wsit~. 4npaament or d~teriontion of said propKty or arhr part thtr~of, ~
S. To pay atl ~d sirgular th~.oo~ts, cMrp~s u,d ~xpinie~, inclue+:~p a reasonabl~ anorn~y's fc~ snd aoib of ~bsn~cn of titl~. incvr?ed w p+id af
~ny tim~ by s~id MpRTGAGEE, b~uu~ w in th~ ewm of tM f~ilw~ on the pwt o! tl+~ said MOitTGAGOR a duly, p.omptly ~nd fully p~r(orm, disci?sroR
execvt~, eff~ct, eompl~q. complY witk ~nd ~bk1~ by ~ach Hx1 ~very th~ atipvlations, ~pra~m~nts, c~ditian and aov~ants of uid paaissory not~ and rhis
^+ortp+p~ +eY a~i~Mr. ~nd ~aid cosK. cl+upes and ~xpwr~s, ~sch and ~very, shall b~ w~n~diately dus and payabtr, whe~her or ~at Men b~ no~ici ds
msnd, ~t~empt a coll~ct a wit p~~ctirgj uid tM fvll amount of each and ewry s~ich p~ymsnt sMll b~a. inte?est fran tFw d~t~ ftK~~of until paid at the
rate of nir~ per ctnhrm per aMwm; and all said cbsts, chupes and exp~nsss incurr~d or p~id, toptther with tuch intenat, shall b~ sacured by tl» li~n of tha
~9+~-
0. 1h~t (a) in the ~wnt of ~ny breach of this Mort~sp~ o? d~favh on tFr pan of th~ MORTGAGOR, w(b) tn tlw went any of sa~d svms of morwy
M?~in nfernd to b~ not pranptryr and (vlly p~id wirhin thirty (30) days eext afie~ tl+e same severally becoms dw ~ad payabl~ without dsmand a notice,
w(d (n tM wM~ each snd wery the stipul~tior~ ~pr~nts. oonditions and cavsn~na of faid promissory eote ~ed 1Frs mwty~pe ~ny w~ithe? an no1
iuly, promptly and fullY p~rformed, discFurped, ~zecvtd, ~ffected, completed, compli~d with and sbided by, ti~en lo eithtr a arry such ~wnt th~ said ag~
prepa» wm ma+riornd ;n s~;d pron,;uory noy tlxn rsm~;n;np w~pa;d, with in~er~st ~cuved, aod all moneys s~cured 1,KebY. sMll becom~ due and pay~
~bt~ forthwilh or tFweafter, ~t tM option of said MORTGAGEE, as f~lly a~d compl~tely as if ~II of the ~id wms oi ma~y wen w'p'u~ally stipulated
ro b~ pa;d on wch day. anythinp in said promiswry e+ote a in fhia Mwrpa~ ro the conu~ry ?atwithir~ndlnp: and thereupon or there~hK ~t tM opt~on of ;
said MORTGAGEE, witlw~t notic~ or d~mand, wi1 at Is~r w in puity, therefw~ or 1F?ersaher bep~cy may be proucutad as i{ all monsys s~cured her~by ~
had matvted ptiw ro ib i~stit~ran.
7. TA+t in tM ~vent that at the beginning of or at any tims pe+Kl;rp aoy wit upo~ this Mortyans, or to faaclo~t it, or ro reform h, or fo enforp
paymeot d~ny dauns heteunder. ~aid MpRTGAGEE sMll spply to the Coun havinq jvrisdiction tF~eof tor the appo~ntment of ~ Receive~. such Cowt ~hsll
fertFiwith appoint a receiver of ssid matpaged property all ~nd sirgvlN. includug ~tl ~nd singular tM incorn~. profits, issues ~nd revtnv~s from what~ver
sowa derired, each and every of which, it beirg exp?essly understood. is hereby mertyaged as if sp~c~(iully sN iwth and described in the pranting and
hab~ndwn dauset h~reof, snd such Rcceiver sA~ll Mve all thc broad snd effecrive functions and powen in anywise e~tn»ted by ~ Cou~1 to • Receivcr, u+d
such appoietmtnr sMll be made by wch Cou~t +s an admined equity and a ma»er of absolote ?;yht to ssid MORTGAGEE. a~+d without reference ro the
sdeq~acy p M~sd~q~acy of ths wlue of the prbperty mertgiged or to tF?e wnrency or iosolverKy of said MpRTGAGOR o• ~he defendann, ~nd that iuch
renn, profin, incan~, issues and rw~n~es sFw~~ be appl;ed by wch Receiver sccord~ny to the tien a puity of s~id MQRTGAGEF and the practict of such ;
CouA• ' ~
8. To d~ly. promptly and f~IN pe?fwm, dKCha?ye, exscute, efiect. complete, comply with ~nd ablde by each ~nd ~very the stipulat~ons, apreemenq. '
conditiona and eoven~nts in said promissory note and tha mortyage set fwth.
9. TMt in the evem ti~e awnenhip of ttw mort9agsd p?emises. a sny part fhereof, becpnet veired in a penon other than the MORTGAGOR, ths
MORTGAGEE, Hs succeuors snd suiyns, msy, without not;ce to tM MORTGAOR, deal w;th sucF~ wccessor p wccessor in i~terest with refcrence to this
mortgaye and tM debt hereby tetwed in the s~rne manner q with Mwlyagor without in any way vitiatinq p diKharginy the Mort~a9oa' (iability h~ra
u^de+ a? wPon ~he debt hcreby xcvred. No s~ls of the premises hercby mortyaQed ~nd rw fwbeuance on the p~rt of the MpRTGAGEE w in suaesson
o~ ~uigro snd no exte~uion of the t~me fw the payment of ~F~e aebt hsreby secured giveo by the MORTGAGEE w in ~uccessors or ~ss;~ns, iha~l oper~t~
to rekas~, d'achar~, modify ch+nge or affect the origin~l fi~bil7ty of the MORiGAGOR Mrein, ~itMr in whol~ a In psn. ;
i0. It is ~pecifically ayaeed rAa~ rir»e is of fhe essence of fhis cont.act ~nd fhat no waiver of ~ny obfiyaY~ h~reunder or of tt» obliyation se.
n,red 1~~ sMll ~t aMr time thereaher b~ held to be ~ waiver of th~ terms hereof or of the irotrument secured herby.
I1. In additan ro the fwego:ng morohM payr~nn of pr~nc:p,l a~x! interest required by the promissory no~e yecvred hereby, mortgsgor coven~nts
and agraes to pay ro mortyagee witl~ each month[y payment an add;fional sum estimarrd by matQagae to be equal !0 1/)2 of the annual cost of the folbw-
ing:
A-AO ~eal property t~xes kvied or assessed agsinst the sbove described re~l estate_
b-Premiumt o~ firc and windstorm imur~nce as herein req~;rM to be carried on the improvemeny tituste o~ the ~bove described prertuses,
C-Premiums on s4th mort4sge gvarinty in:urance as mortgagee aF~al! from time to t~me ti~rn fit fo wry on the bsn secured hereby.
Mortysgee ih~ll from Gme to hme noti mo~tg~gar Mrritirg of the smour?t dve and p~y~ble hereunde~ and such wm ahall thereupon be d~e and
payabl~ on ~he due dste of ~hs ~+exr monrhy~paYir~enr and exh wcc~sive monrh rhereahe. ur.~~l m«rqspee shsll naify monyago. of r ~n wd~
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Qourt~ Sud~ wms aha!! be applied by monya9ee toward the payment of red property taxes, insurance prem:vms, and mor~9a~e ~
~ u~y~~
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IN WITNESS WHEREOF, the s~id MORTGAGOR hss hereuMO fet his h~.aed seit the da s? fint f i~~ `~\~~111HN1JfI l,- ~
S.. de1 in proaer~n of= ANO RE ~
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f ~ as, CL~l~ - ~,r f • . r '
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G STATE OF FLORIDA ~ R~~,E~~~A1~T~(UCiE ~ y ~ _ - ~
1 NEREBY CERTIFY, That thi `
_ ~10a Avril , a.D. t9~,
before me psrsonally appesr~ e Fre d F A d a
~ and . me
' ~espectively the pr~~t and -Treeaurer ~
; Secretary , of
. H dc A RI~NTALS, I1~C. Florida
° Corporation, to me
known to be the peraons describod in and who executed the foregeing instrument, and severally acknowledged the exe~
t ~~~~O,,~i~.their free ect end deed ss such officers for the uses and purposes therein mentioned; and that they ~
~fius ;dM~eb!~t,~qfFkial seal of said oorporation, and ths said instrument is the act and deed of said corporation.
W~JI~~Fj~. 4„g ~St Lucie Flor da ~
_
offidal seal at Fort Pier • ~ , said aounty a state. '
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- V C L1 Notary Public, in for State and County afaresaid. '
•=f:;x;=~.~~~• ~ My Commission Expiras: 1~vtar9'Pu611c, ~1e ofiflorlR~ a[ L~~1i ~
:
~ l•~~, My Comm~:s:on Exp:rss Au~. 6. 1967
, Bond~d By Amsric.,n Surety Co. of N. Y.
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, eR r t ~ ~oO~~i~~ 332 ~ ' ? ~ ' , n ~
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