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S. To d~ ~nd ca?thuowlY kNP on ~h~ buildir~qs now o~ iw~ahN wh?a» on aid land and on dl equipne~t and pKSOnally caw~d bI? thts ~~i'
p~, with dl prtn~iw~4 th~r~a+ p~id in fuil, fin inswu~c~ w i1+~ usual N~+~iud pot3cy fores. ~:vm approved bY tM MORTGAGEf. and wind~lwrn i
i~aw~na in Nr usu« ~t~+d~~d po1K1? faen, h~ swn ~pproved by tM MORTGI~GEE. in wch company a comp+niN a tM MORTGAGEE may ~
d'r~ctt and ~II fir~ s*?d wind~~ inawana Polici~s on any of ~id buildi~„ a?y fnt~r~st tMrein w part tFw~oi, in ~h~ ~rp~~ sum ~faes~id a
in u~p~s N~wi. slwll contain ri» usual sundud rtar~aapN cbu~ a wch aMr cl~ a tM Mortyaq~ n?+Y nquin. m+kin0 tM Iws voder s+id po1E
cia. Nch ~nd ~w~Y. P+r•b1. a~ad MORTGAGEE ss in interest m~y ~pptar. ~+d tacA and tvKY s~ Poiiey ~MII b~ pranptly aas:9~d a~d d~liwnd to :
•ny Iwld bp ~aW N10kTGAGEE u fvnhs~ s~w~ity ro said matp+p~ d~W. and. not bss Nw+ tM (10) days ie ~dv~on of tM ~xpi~~tia? of ~ach po~icll. ro da ;
liwr ro uid MORi^vAGEE • rMew~l thtrwi, toQaMr with • rec~ipt fw th~ pnmiwn of wth r~e?~wal= and then shall b~ no fin ~or windi~am insw~na
plapd on wry of ~aid buiidirgs, ~ny intsra~ tl+e«in w put tMr~of, w?kss in tM fam'and with tM bss paY~ble as afor~aid: uid in tl» ~wnt any ~wn
of nwner becan.: paY+We ueKla wch P°~kY a Polici~s s~id MORTGAGEE ihall h~w ~M option ~o r~aeiw rnd apply tM s+m~ on +ccovnt o~ tM ir~bted~
nas Mcw~d h,npy o~ q p~rmit s+id MORTGAGORS ro reuiw ud vM it ot any p~r1 thtreof fw othc~ purposet. wilhout thaeb/ waivi~y w imp~i~-
~ MY ~4~?ity. liwe~ 4r ripht und~ or by virtw of tlss mortyy~t aed in tFN ~wnt ~aid MORTGAGORS sAall fa ~mr rtason fail to ke~p tM said pneniies w
imw~d, o. f•il a d.liwr promptly ~n11 of s+~d Policies of inwnnu ro said MORTGAGEE, w fsil promptly to p+y ivlly ~ny pn.nivm the~~fa a in ai+y i
nspKt t~il to pMfocn~, disch+?yr. ex~cvM. ~ffM. tanplet~. ca~p~Y +^d b1? ~ ro~^+^t. a+^y Part h~rwf, said MORTGAGEE may plac~ ~nd ~
WY for wd~ Mav~aeo~ o~ u~y p+rt tMroof without walva+p or afhctinp +np oWion. lien. p~r7h~. or riyht uedK w by virtw of this Nb.t~ap~, and rhe ~
ivll anount of ~ad~ and wNY sucA P+Ym~t ah~ll b~ in+m~d'atey dw aed p~yabM and ahaU 6~~r i~tK~u from IM dah the~wi w?til pawl a~ iM ~aq of
n;n~ pK pntwn pa an:wm and toQstha with wch inte.at sh~11 b~ secvnd by tM li~n of this tnat~sy~. ;
To pKmit. aannut or wHa ew wut~. Mepakma+t a d~terioration of ~aid prop~?ty a+ny P+A tM~wf.
S. To pay ~11 ~nd sinpvlar th~ tost~, cMrpes M+d ~xpera~s, intludinp s reasonabt~ ~nwnW'a fN and oosh of abstracb of titl~, incurred w paid ~t
•ny tim~ by s+id MORTGAGEE, b~cavs~ a G+ the ~wnt of tM f~ihx~ on th~ put of tM taid MORTGAGOR w dub. p~omptb +nd fi+~~Y PKiwm, d~xhugR
•xecut~. ~ff~ct. aompi+t~. oompb with and abid~ bp exh uid every ~hs sfiput~~ia?~„ ~pre~+nents. condition~. and cownants of said p?omis~ay ~on ~nd ~hi~
nw.tyap~ any o? ~irher. ud wid costs. cMry~s snd ~xpa~ses, exh and ~very. sh+ll b~ i~nmediately dw a~d WYaWr, whetMr or ~ot tMn b~ notici dr
,nx?d, a„~pt b tdlKt a wit {»~d~ept and tM F.?11 anww+t of s+ch and ~ve~Y wd+ WY~^t shall beu interest from ~h~ dat~ thsreof until p~id at the
rste of nirw per tentum psr annurn: and •II sad cdsn, ch+.yes +~d expenses ~nawred o? pa~d. ~opNhar w~~h such im.r.sL sh+ll b~ a~cur~d by tM lieo of Mw
~
0. Th~t W in tM evem of any breach of this Mortqap~ w defwlt on the put of the MORTGAGOR, a(b) in th~ ~vem any of s~id awns of maNy
hertin ~~hn~d to b~ not prompth +nd futly p~id within thirty (30I days next after the sanx ~everatly becnrne dw ~nd Wy+bb, witha+t d~en+nd w notioe,
a(c~ k~ th~ ~wqt e~d+ and every tlr stipu4tiaw s9re~ms. oond~tia?s a+d town+nb of ss~d pranissory not~ u~d th~s mwtgpe ~ny or ~ither ~n no1
iuN. ~ry ana fi,iy P.rfo.med, d~scharped. execvted. ~ffected. ca^Pkted. compl~ed with and abided by. tMn in r~~her or ~ny such went tM said +p~
pra~N sum m~ntiand in said Promiswry nob theo remai~iny unpaid. with inter~st ~cuued. and all moneys sacvr~d hcr~bY. sMll becwn~ dw and p~y~
~ble toithwith„ p fF1lfNFfN~ at tM option oi s~id AhORTGAGEE, u fully ~nd canpk~ely as if •11 of the w~d sums of mon~y wen orpin+lly st~pulsted
ro be paid on sud? day, anythinp in said pranissory ~oh o~ in this Maty+ge ro ths contrary notwithst~ndinp; and thereupon or thereafter ~t tM option of
uid MORTGAGEE, without e?otin w danaed, wit at lawr w In aquiry, the.eforo or thereafter beyun, may be prosecuted as if all rnon~ys sacvr~d her~by
fwd matWd priOt to iq a~ttitution.
7. 7FMt in ~ eve~t tMt at the begu+r?i~g of w st any tier~ pendirg +oy wit ~pon tF~is Mort9a9e, or w fweclos~ it, or to rofam it, a to enfora
payment of am claims herew+de~, said MORTGAGEE shall apply to the CouM havi~g jor~sd~n~on thereoi fa ~he appantment of a Receiver. such Cowt sh+ll
fwtliwifh sppoint a ~ace'iwr of said mortysged propcrty all u~d sirgv~ar, includ~ng all and singula~ th~ inown~, profits, iuues a~d revenues fran wMt~vK
wuroo da'~wd, ~sch snd every of wh~ch, it beinp expresuy underatood, is hereb~ mwtgaged u if spec~ficslly set fa~h and dewibed in tlw ~?~ntinp and
habendurn davs~s hereof, and s~ch Receiver shall have all the boad and effecrive f~ncr~oos and powen in anywis~ entrvsted by a Court to ~ R~ceiver. and
•uch ~ppointment shall be msde by such Caxt as +n admitted equi~Y +r?d a matter of sbsolute right ro ~a~d MORTGAGEE, and witFaut reference to ths
adequacy or in~deqwcy of Ms v~lw of the propaty mort~a9ed w to the wtiency o? insolvency of s~id MORTGAGOR a tha defendams, and that wch
renrs, profib, intome, isw^s ar+d rwenues sh~ll b~ applied by such Receiver sawdiny to the lien or equity of said MORTGACsEE ar+d the.pr~aice of such
Court. .
8. To d~ly. panptly and fully perform. d'nch+rge, execute, eifect. cnnpkte, comply wi~h ~nd ~bide by ach, and ~very the stipulatioiu, preemu~t~, ~
conditions and ooven~nts in asid promissory note snd this mwtgage set forth_ 1
9. iMt in tM ~vent tM ownKSMp of the nwrty+y~d premises, a amr psrt thereof, becomes vested ~ ~ person othe~ than tht MORTGAGOR, tl+~ t
MORTGAGEE, its successors ~nd ass~pns, m+Y, wi~hout ^u~~ce to the MORTGAOR, deal with svch suaessor a wccessar in intaest wirh refererKe ro iF?u
mortyap~ srK! the d~W hereby sttvred in th~ suM enamer as with Mwtgapw without in any way vitiatinp p~stlu~girg the Morty~gws• li~bility FKra•
under or upa~ the debt hereby seaxed. No ssk of th~ premises hereby mortyaped and oo forbeu~nce on tM part of the AAORTGAGEE or in wcc~sson
or ~ssiyna and no ex~ension of the time ior tM paymcnt of the deM hereby secured piven by the NtORTGAGEE w in avccesson w aasipns, ahall opaat~
~o nleaw, dad+sr~, nwdify cFwge or affeu th~ wgie+l liabilily of the MORTGAGOR hNein, either in whoM a in p~rt.
10. M b specifically sgroed that tim~ b af tlw easence of this comwct and th~t no waiwr of arry obligatan hsrwnder or of tFw oblgatan se-
cwad henby shall at any time thereahe~ b~ held ro be ~ w~iver oi the ttrms hereof w of the irutrumeet aecwed Mrby.
11. In addition ro the forego:ng monthlY p~yments of princ:p~l ~nd inte~est required by the promiswry note ~ecwed hereby. mortyagw ooven+nts
and spra~s to pay ro mortyagee with each monthlY paYment an add~riorul sum estimared by mortyagee to be eqwl to 1/12 of the annwl cost of the follow-
, ~ng:
A-All real property taxes levied w auessed agsir?st the ~bove desvibed resl estate.
b-Premiums on firt and w'udstorm inwnnce hercio reqv~red to be nrricd on the improvemenri sitwte on the above deuribed preni~ses.
C-Praniun+s on wd~ mo~t9+ye pusnnty iruurance as mortysgee shall from Yune to time deem fit to arry on the loan secvred hereby. `
Mortgagee shsll from time ro Y~me notify mortgagor in writinp of the smount due and paysbk hereunder and such sum sMll thereupon b~ due and
; payable on the due date of rhe next nwathly paymeM and each succeuive momh thereafter ur,til morty~gee shall notify rnortgagw of a chsnge in wch
amount. Suth sums shall be ~pplied by matyayee toward the payment of real property taxes, insurance prem:ums, snd mort9sye 9wr~nty insvrurce
premiums. ;
IN WITNESS WMEREOF, tlw ssid N10RTGAGOR has hereunto set tus h~nd u+d seal tl+e day ~r ~nt atoresaid. ;
~Si d nd~ed h senoe of: ~ ~
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tian !
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STATE OF FIORIDA ~
Courm OF ~ t. T.t] n i r~ ~
s.r«. m. p.,,«w~iy.~,...~a Jn~? E. Pierce
.T A[~ All A ~ 01'1 P i a rr_ a wNe, ro rne wdl k~own ar,d k~wwn ~o ms a be y
t!a indi~idwb desuib~d in and w!a sxecuted the fweyoing instrwr»nt, and ~cknowkdged befwe me that they eaecuted th~ ssm~ fw tl+~ pwpasas d
rherein ~xprr~d. Md tM wid n~ wl vn P i a r n a E
wif~ 01 tM s~id Jf1B.~ F'~- . P 3 A Y' R* vpon + sepude and pr'wat~ ?
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e:amin~tion by me taken sep+r~t~ u~d ~psrt from her said nd, ~cknowl~dped to ~nd befw~ em that she e:eat~d said i~ntrume~t freely and vokrn-
tarily and without arqr compulaion, taatraint, apprehension~u of or fram Fwr said husb~nd.
VYITNESS my h~nd and off'~at s~+l thi. ~G ~ day of MQ A. D. 19_~ ~
e
Notary Public in ~rd fw tM Statt of Florida ~t lu~ ~
My Canmiasioo expires: i
Retwn Ta. '
wsr r•.ds.sl s.~s a~ wssoa.t~ cn Wotu~t Pa~c. State ~1 Fiorica c~ :.uqt r
of F«t v~~,«_ F~~y~( R E C 0 R D E D iy~ Commiuioe Ezpres No.. 3, 1969 _
Fxt Pierte. Fbrids Vli~Lip~~._~ OO K ~wd~d ~r Fn a Gwa~s Cw ~ ~
. V~ ~ . ~ ~ ~~j•,^/. ,
66 I~AY i S PM 3. I 0.
14535g : - _ ` .
'r~QGER POt1~t.LS. CLERK ~
`~T. LUCIE COUNTY. i' ~
FLORIDA ~i.'•~~....
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y~ aoox 1 51 Q -
~ ~fr~ ~ ~ ~ = 45 - - - -
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