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To pl~a .a~d oootiMwusly kNp on tM bvild'a~pt now a MnahN ~Hw» on s~id I~nd and on di equtpmser ~nd pKaooally cav~r+d b1i MM nwrq~
.p~, wilh aU prNbiuen? rha~an p~id in fvtl, fir~ ia~wance in N?~ ~w+l qsndWd policy fan~ ~n • swn ~pprowd blr 1M MORTGAGrEE. ~nd wind~lan~
inwr~na M tM wwl standud poGcy form, tn • swn ~pprowd by tM MORTGAGEE, in wd~ canpany a canpania u tM MORtGJIGff nuy
d'wW and ~U fk~ Md ww+duo~m iiawann polK~s on ~ny of s~id bv~ld~ any tn~t Nrnin or p~n tMnol, in tM p9rpaN wm ~fonNid a
!n ~aa N+Nwi. ~11 cont~M? tM ~w+1 a~nd+rd mo.t9apN claw~ a wch ot1~ da~ a ti+~ Mw~papM may rpu~n. ^?+kM~p ~M lat u~dp uid po1M
ciK. ~ad and ~vKy. WYabl~ W s~id MORTGAGEE a iq intKest maY ~PPMR and tad~ and wN$ s~ch poticy tMll b~ prompflp as~:qn~d and deliwr~d to
any MW b~? wW MORTGIIGEE as fwtha setwity to siid mortpay~ d~M +nd. eot I~s~ tMn f~n (10) days in ~dvanu of th~ acpir~tion of Nd? PaK1?. w dr
liw~ 1o wid MORTG/1GEE • ren~wal tMrwf. top~rha wiM a roc~ipt fa th~ pnmium oi wch r~walj snd ~Mn ~hsll b~ no fin a windstonn irow~na
plaad on ~ny of ~id b~ildirg~. ~Y tnt~nst tMnin w put tMr~of, ~x~hs~ ie~ th~ !an?'a~d wifh ~M Iws payabl~ a afu~s~id1 a~d in th~ ~wnf aMI swn
of money beconw~ pay~bl~ w~dK weh policy a polici~s ~+id MORTGAGEE slwll luw th~ option w noeiw wd ~pply tM s+nn~ an +coow+t o1 tM indebtd~ ;
rnas Mcw~d Iw~ w~o pamit wid JIAORTGIIGORS to ne~iw and v~ H a any put therwf fo. orl+cr pu.poua, w~~laut thaeb~ waivinp a impa'u- •
Inp any puity. li~n or ripht w+da a bp virtw of tNs mon~ej and in tl» ~vset wid MORTGAGORS shatl fw ~ny nawn fail b k~ep tM wid pr~miks w
imund. a fatl b d~liva M~P~h +^Y of ~aid polici~s of imunna fo sad MORTGJ?GEE. a f.i1 prompHy ro p~y fulfy aoy P..o,~w+~ rh~~.ror o. ~+r ;
r~~pM fdl b p~rfonn, d&d~?~, ~xavt~, sfhct, oon~ptet~, comply wrlth and abkM by N+i~ oov~nant, w~+r p.h Mr.of, s~id MORTGAGEE m~y pl~ ~nd i
pY for uxh krwano~ w any pat tMreof withoW waNYg a~ff~ctinp +m option, li~n, puiry. a riph~ wder a by vietw of ~6is Mo.rp~. and the
full arnoixn of ~ach ~nd ewry wth paynhM sMll b~ im~wdiat~ly du~ +ed p~ysW~ and shall btar intKSat from th~ dah thawf untU paid at th~ rah ol f
nin~ pK p~hpe pM an:w~n snd topttiur wiM wcA Intsrest sMll b~ s~cw~d by tM IiM of thi~ mortpap~.
1. To p~rmit, oomnJt or wff~r ea wuq. ImP+irm~nt a detKiowtion o# s~id propsrry ar ~ny pWt therwf.
S. To paY all and tinpul~r 1M tott~, th~?pa ~+d ~xp~mts, includ'rp ~ n~son~bl~ arwnt~'s fce u~d aosts of abatracts of titt~, M+n+nd o~ p~id at i~
~ny tbm by said MORtGAGEE. b~uw? or in th~ ewm oi ~M f~ilun on tir psrt of eiw said J~iG:+t~ r~ ~,i. ~•~+'~F''Y =~~!~7r ~sxn~~ d'achug~t I
execvt~ ~ff~c1, con,plet~ oomply with ~nd abid~ by ~~ch and wery the ttipdationa, apre~menn, conditiaa, and oown~nts of wid promiisory not~ ~nd th4
monpap~ ai+y a si~l+K, ~nd s+id oosM. clwpa ~r+d ~xpar~es, sach ud ~wry. shall b~ imn?adia~ly dw ~nd payabtes wMther or eat tlw~~ be notia dr
m+ed. ~n~enpt to cotlret or wit pu~d'ugt and t!» fvll arno~wn of tach aed wery weh p~ym~nt sMU bsa. interHt han 11+~ dab thaeof vnti{ p~id at tF+e
rate of ~ per osnturn per ~nrwm; ~nd all said oMts, chuyea snd exp~iws ieKwred a paid, topNl+~ with wch intaa4 shill b~ a~aK~d by tM li~n oi t!w
~q~
6. Th~t th~ ~wnt of any brsach of tha Mortpap~ a defwit on th~ part of tM MORTGAGOR, w tb) in tM ~wi+t ~ny of ~id swm of moMr ~
Mretn nf~d ro b~ nof prompt~y snd fully p~id within thirty (30) d~ys neat aher tht sa~ne severally becom~ dw ud p~yabl~. withou~ d~m~nd a notiu.
w W in tM fwnt ~ad+ an~l ~very tM stipvlation~. a9~Mn?ents. oond'ni«u ~nd aown+nn of sa~d promis~o.y not~ and fhis mortpape w~y a eiN+u u~ nw
~+tY: P~~Y and fu1~Y Aarfo?m~d. d~schar~ad. taecvted. ~ffacted. templ~ted. cornpli~d with ~nd ~bided by, tMn in s3tF~ or any wch ~wnt tM s+id ag
prg~b wm m~r?tioewd in s+id promiuory nota then remaininp ~npaid. with intaesl ~ccrusd and all mor~eys ~acwed F~~bY. sMN beaon» dw and WY~
~bl~ iorthwith, w tMrNfrsr. ~t th~ option of uid MORTGAGEE, as fvlly ~nd compte~~ly ~s if ~II of tM said sums of morny wen wipiMUy atipvlated
ro b~ p~id on wd~ d+Y. sny~hirg tn sa~d p~omcssory nor• w in ihts Morr~~ge ro rM contray nwwi~Mr.nd~np; .nd thsr.upon or iher.afi.. ai N+~ op~ion of
•aid MORTGAGEE, without not~ or demrnd, wi1 at lawr a in puity, H~er~for~ or thaeafte? bspun. m+Y be p~wecuted u if all mo~wys s~cvr~d hueby
had enatur~d piw? ro ib instifution.
7. ihat ln th~ event tMt ~t tht ueginnirg of or ~t any time pendiny aoy wit upon ~his Morty~p~, or w for~cloq N, or to nfwm it, w to enforp
psym~m M any diuns Mre~xid~r, s.id MORTGAGEE si+att .pply ro rhe Covh havirg j~r7sdKran rhe.eo( fo~ ~he appwnhnent of ~ Rsceivsr, wch Court shall
iortliwith appoL+t a ncsiver of s~id mwtya~ad property ~II u~d iugular. indvd~np sll and si~~yul~~ the incbrt~. pofits, asws and ~evMws from wlWt~vN
sovra~ deriwd. ~sch and every of whrch. it beinp exprcssly understood, a hereby mort9aged ss if ~pecifically ~t lwth ~nd dewibed !n tht 9rantinp and
h+bendvm cbvsrs hKwf. ~+d svch Reaiwr ~11 have ~!1 tM broad snd eHective funct~ ~r?d powen in ~nywi~e eMrwted by a Cou?t w a Reoelw~. and
auch ~ppoiatment tMll be n~ by wch Caxt ss an ~dmined equity end a e+wtter of absolute ripht ro aid MORTGAGfE, and withow referena to th~
adequacy or indeqwcr of tl+~ valu~ of the pbperty mwt9a9ed or to the sarency w insolvency of said MORiGAGOR a ths dsfendants, and that such ,
renn, profip, inoome. tsw•s and ~wenws sMlt be ~pplied by wd+ Rscciver accordiny to th~ lien a puiry of s~id MORTGAGEE ~nd iM pr~ctic~ of wd~
Cowt. -
e. To dufy. P~^P~f1? and ivlh W?form. ~itchup~, execut~, effect, oonptNe. oomply wi11~ u~d ~bids by wch and eve?y t!r stiprlitlora, ay?e~msnn.
cw~ditioro and covenann in said promiuory nor~ uKl this mort~ set fwth.
9. iMt ie tM went th~ ownenhip of th~ mon9aped Prtmises. a+^Y P+n thereof, becwoes vs~ted in a perwn other th~e? the MORTGAGOR. th~
MORTGI?GEE, its wcoessors and auipro, m+Y. without notice to th~ MORTGAOR, deal with such succeasor or sucoessor in interest with rsfsrenu 1~o ti?is
rtwrtpape and rhe dtbt he?tbp setwed in the same manner q with Mwtq~ya withot~t in any war vitiaYag or discharpinp rhe Mwt9~ors' liability her~
under or upa~ tM debt hereby sacwed. No uk of tlr premises herebr nwnq~ped and no fabe~nnce on tM pan oi th~ MORTGAGEE or iri suaesson ~
or ~ssiym and no eate~sion of the time fw the paymsnt of tM debt hereby ~ec~red yiven by the MORTGAGEE or its wooaion or assiy~s ah+11 op~rat~
ro r~le~w, dadwrye, modify ch~npt a affect the «pin~l li~biliry of tAe MORTGAGOR Mrsm. ~ither in whole o? in part.
10. It b pxs~ficslly ayrsed th~t tims is of th~ esaence of this comrsct and tMt no w~iwr of a~r obliy~Yan he?wnder a of th~ oblip~tion sa
cursd Iwreby ah+ll at any time thereaher be MW to be ~ waivet of th~ term~ Aereof or of ths Lu~rwrant secwed ?rrby-
i 1. tn additio~ to the fwago:ng month~Y WY+~ts of princ'p~l ~nd inferest required by the promissory no~e secured hereby, mortgagor CovMar?ri
and ~rees to pay to mort9sgee with e+th monthlY payrnent ~n ~dditional wm estimated by mony~gee to be eq~~l b 1/)2 of the srnwal cost of the follow-
ing:
A-All resl propery taxes kvied a assessed ayainst ~he above described real es~ate.
d-P~emFums on f;ro ind w;rdstorm inswance as hercin re ,u'aed ro be carried o~ the improvert~enb :itwte on ths ~bove described premises,
C-Premiwns on s~tch mwt9age 9u+r+nb insw+nce as mortysgee ~lull irom Y~ to time deNn fit to cary m the loan secured hereby. ~
Morq+gs~ ~h~lt hom'tim~ to time notify mortgapor in writirg of the snwur?t Aue u?d paysbfe hsr~w+der and wch wm shall ther ~
paYable on the due date of the next monthlY paYment rnd each succesaiw month thereaher untif
amount. Sucl+ swns sh~ll be applied by mwt9ayee roward the 11O~g'~ ~+II notify na?rgsgw of • charge in such
P+Y~M of re~l property taxes. ir~suranct prem:~nu, and mortyape gusranry inw?anoe ~
Premiurra• ~
IN WITNESS REOF, tl+e s~id MORTGAGOR has hereunto ~et trs hand ~nd se~t tht day ard yeu fint ataaaid.
3ipn~1. na of:
; p p~ ES INC q
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' _ - - - - - ~ttest: ~ar4
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~ STATE OF FLORIDA COUNTY OF ST. U1CIE t~'~ '.:,~sl•- ` ~
~ • , ,
~ I HEREBY CERTIFY. That on thii b th ~ay of Ms _y y,,~~~ , i
before me ~ ~ _ ~ N'' ;
I personally appeared - ~dward W. Mae ,.vo,y a~ Dora thy W. MA ~~T,clq_~ .,~:,T
~ respectively President and Seuetary `1 vr~ ~I
; - 3
I ?+~AC EVOY pROPERTIES. INC, r
~ T - , a Fl o_ i d a Cor~x~ibR
~ ta ~ ir~ :
• -..•'~4f~ ~
~ known to be the persons desaibed in and who executed the foregoing instrument, and severally adc~aM,r#~d~Q~O~•;
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cution thereof to be their free act and deed as such offioets for the uses and purposes therein menYq~~.and=~•~q(' '
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affixed therero the official seal of said corporotion, and the said instrument is the act and deed c~ ~ icp ~
~aNq[~' :
? . ~ R : v N
WlTNE3~~ny-~ 1?~ cfficial seat at Fort Pieroe ~
, said ooernty a state. - ~ ' <i • -T~ - '
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FIIED e p ~ ary Public, in and'for State and Couni~l;~Ifo ~.YS ,,,~•'j~' .
IN____._._ ~J~~~ My Commission Expire~ry Pu6ic, Sfate ot f~p~'il`4w~e •
Ca ~ Co~sioo Expres 3. 19b9
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~~3 b.~.d h ~.«.c~, r+. a c...arr G.. ~
'66 MAY 6 PM 3:9Z
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lR06ER ~~17 R:.~, CLERK Q
ci- ~ t)r~F COUNTY, ~ ' -
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