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3. To piaa ~nd continuou~ly kNp oe~ th~ buildinps eww a Aere~ft~r ~ituat~ on iaid land ~nd on all equipmem ~nd p~nona(ly covK~d by N+I~ narq~
.pe, wi~l~ dl pa?+iwrA rF.~vwn pa~d in full. firo ir,su~anc~ in the u~wl sundud policy fwm, ~e? a swn apprw»d by th~ MORTGAGEE. +nd wind~rorm
inwr~nn (n tM usw) uarxla.d pol~cy (am, i~ ~ wm rpprov~d by ~hi MORTGAGEE. in s~ch cornp+ny a canWnf~s ~s tM MORTGAGEE ~Y 1
d'uaq ~nd ~11 fk~ and w~~torn? inswa~ pofic;es on +ny of s~id build~nps. ~ny interp~ fMr~in a pKt tl~wf, in th~ pqre~~~~ wm ~fae~id o~ i
1n ~anss ~her~of, ~h+ll conain fM wwl sta„dud mort9ape~ clavw a~uch orha clavse a tM Mort9apN n+aY nqvin. makinp ~M Iws ~ndM s+d pol~
cia. ~~tA ~nd evKy. WYabl~ a~ak! MORTCsAGEE as its inlaat may ~ppNr, ~nd each and ~very t~cl~ policy sMll b~ promptly ui:9ned ond dNivKtd ro
~ny h~Id by said MORTGAGEE ~s tw~hu ~ecu~ity to said mwtpa~ d~bt, and, eot I~ss than t~n (10) days in adv+nn of tM ~xpiration of ~ach po~icY. fo d~
IivN ro ~aid MORTGAGEE ~ ~~ewal thenof, to~etFwr with ~ teceipt fw tM pnmivm of s~ch r~nswalt ~nd ~h~r~ sl?+~~ b~ no f~n o? wi^diw'^' i^u?'urc~
plued on anr of said b~,ildiny~, ~ny interesf tMr~i~ a part tM.wf, unless in tFN fonn'ar+d with tM loas p~yabl~ +s afw~s~Wr +~+d tn tM ~vsnt any ~wn ~
of nwewy becanes WYable ~ndM wch policy or policiy said MORTGAGEE sMll Mw ~M option ro ~~otiw uid ~ppiy tM iam~ on acto~nl o~ ti?t irwl~btsd~ ~
~ws~ Ntyr~d Mr~by w Io p~imit said MORTGAGORS to reCeiw ~nd uN if p ~ny p+rt thereof (w other purposes, without thareb~ w~iving w impair-
inQ anr pv;ty, t~n a rqh~ w~der o. by vinw of this n+orspp•s and~in ~h. wen~ a~d MORTGAGORS •hall fa +ny r•asa+ fail ro keep ~h. a~d pr•m~ses w
insur~d, ot fail b deliv~r prornptly ~ny of taid politits of inw~anu to ~id 1Y10RTGAGEE, a f~il promptty to pay fully ~ny promivm thenfw o~ 1~ anY ~
rKp~ct i~il b pKiaen, discMrge, ~zscva, ~ffect, complet~, comply with and ~bid~ by Mis cov~nant. « any pan h..wf, s~id MORTGAGEE may plac~e +nd ~
paY fa such tnwanu w ~ny part the~cof wirhout w~Niop a ~ff~ctinp anY optien, lien, puiry. a ripht vnde? w by virtw of thii Mwt~sp~. and the ;
full anoun~ of e~d~ and w~ry sucA WYmMt ih+ll b~ imrmdiat~ly dw and pyabb and ah~ll bea? intKes~ from tM daq therwf uotil psid a~ th~ w~~ of ~
n~n~ pK c~ntvm pa ~nnvm ~nd to~ethe~ with ~ucA i~terest ihall bs sacured by tM li~e~of thh mort9ap~• ~
1. To p~rmil. oanmit or wff~? no wut~. Mp~ament w d~terior~tan oi said propKry a uiy part tMreof.
S. To p~y all and tinpvla? th~.ooan, chuyes and e:pens~t, indudlnp ~ reason~ble attwney's fee and cosh of abitr~cts of titl~, incun~d o~ paid a~ ~
any tun~ by said MORTGAGEE, b~uus~ a in tM ewnt of the failwe on the p+„ of tM s+id MORTGAGOR to duly, promptly ~nd fully perfwm, d~uh+.y~
execut~, effecl. oompl~t~. comply with and ~blde by ~ach ~~d every th~ iY~pulatio~s, ayre~meMS, conditiaa, Md cown+ntt of said p~omiuory ~o» and th4
mort9p~ a~y or ~itha. and sa~d oosn. chuq~ ae~d ~xperws. ~ach and ~very. ~MII b~ imm~diately dw a~d pay~bl~: wMtM~ w not tMr~ be no~ici ds
mand, ~tt~mpt to colkct or iuit p~nd'wg; snd tM fvll ~rno~nt of ~sch ae~d awry such p~ymtnt shall bear interest from the d+N tl+tr~of until p~id at th~
rate of nine per tee+tum psr annum; ~nd all ~aid cbsts, cMr~es snd eap~ntes incwred w paid, topetFw w~th such intenst. ~hall b~ s~cur~d by tM Iwn of thit
^art9+D~. -
0. ilwt (a) in tM avent of any be~d+ of this Mwt9~ w dahult on tlr psrt of the MORTGAGOR, a(b) in th~ went any of ~a~d wms of nar»y
henin r~ftrrd ro bs ~ot promptty snd fvlly paid wifhin thiny (30) d~ys ~+ext afta the same severally bttome due ~nd p+yabb, without dern~nd o~ eatite.
o: (c) tn tiw ~wn~ each and ~very the aip~latiaw agrs~m~nu, conditions and toven+nn of satd p.anissory note ~nd tFNS mortpap~ ~ny a either an na
iuly, promptly ~nd fully perfamed, dwcharped, ~xecuted, effected, compkted, compl~ed with ~nd +bided ~iy, then in e~th~r or any tuch ewnt 1M s+id +Q
pre9+b wm mentioned in said promissory ~ote tF~en remaininp unpaid, with UIINf31 KU~ a11d al~ moneys secv~ed hereby. shall txtane dw and pay~
abl~ fathwith, a theteaher, at tM oprion oi said MORTGAGEE, as fully snd comple~ely ~s if all of the s+~d wrns of narNy wera aipioally stipubeed
ro be paid on wch day, an/thlny io ssFd p~omiswry note o~ in this NlortgaQe ro the contrary nolwi~hst~ndir?y: and 1hero~pon or thcre+fta~ a1 tl+~ option ot
said MORTGAGEE, witFaut ootice or dem+nd, svit at Iaw or in ~qvity, thera(oro or tMreafter beg~n, nuy be prosec~ted u if all rnon~ys sacur~d hareby
had matv?~d priw to ~n ins~~futan.
7. That in tM event tMst ~t the beginning of or st aoy tims pending say iuit upon this Mortgsg~, d to fo~eclose M, or fo refwm it, a to enfwp
payment of uryr clsims he?evnder, said MORTGAGEE sh~ll ~pply to the Court havirg jwisdK~ioe+ the~eof for the appo~ntment of a Receiver, svch Courf sMll
Fortliwith ~ppoint s reteiver of seid mortyayed propctty a~~ aed airgvlar, includ~ny all and sirgular th~ iMOme, profiri, iuues and revenues from whatevtr
sourc~ derived, each and every ot which, it beiep expreuly understood, is he?cby mwtgsged as if specificalty set fath and dewibed 8+ tF?e yrmtinp ~nd
hatxndum clavses hereof, and s~rc1+ Receiver shall Mve +II the bo+d ~nd effetlive funct~o~s snd powers i~ anyvriie entrustsd by a Court to • Receiver, ~nd i
iuch ~ppointme~t thall be m+de by such Court a+n admitted cquity and a rmtter o( absolute ~iQht ro said AhORTGAGEE. ~nd withovt reference ro th~ ~
adequacy w inadequacy of the vslue oi the p~operry mo.tys~ed w to the wwency a insolvency oi said MORTGAGOR a the defendams, and that tuch
renri, profits, incane, iuu-s and revenues shall be spplied by :uch Receiva +ccwdinp to the lien or equiry of s+id MORTGAGEE u+d the practice of such
Court.
8. To duly, pranpNy ~nd fully perform, d'acMrye, execute, effect, complde, oomply with ~nd abide by ead+ and every ths stipulations, apreements,
conditioro and covenams in said promissory nots aod this mortyage ut fwth.
9. That in th~ event the ownership of the mortgayed premises. w any part thereof, becomes vested in a penon other than the MORTGAGOR, the ~
MORTGAGEE, 1ts successon ~nd auiyns, msy, wilhouf nolice to tl~e MORTGAOR, deal with such suaessw w succeua in interes~ with re(erence lo this
matypt and the debt he?eby secur~d in the same manner n with Mortysya wifFww in any way viti~iinp or discharp~rg the Mortgagora' Iiability her~-
under a upon the deb~ her~by secured. No sale of the prem~ses hereby mo.tyaped ~nd no fabearance on th~ part of the MORTGAGEE a its waessors
w~ug~u and no eztension of the time fa the p+yment of the debt hereby secured piven by tFy NIORiGAGEE or its wctessors w assipra, .hall operat~
ro rdeas~, dischary~, modify cl~+npe or affect the wig~nal liability of tM M10RTGAGOR htrs'~e~, eitMr in vrhole w in p+rt.
10. It is specific~lly agreed that time is of the euenc~ of th'n co~arsct and tMt no wirver of any obliy~lron Mrevnde? or of ths oblip~tion se-
a.red hersbr shaU ~t ~ny time thertafier be held to be a waivsr of the terms 1~ereof o~ of the instrument secured herby.
11. In addition to the fweyoing monthly payment: oi prini p~l and inrerest required by the promissory nore secwed hereby, mortg~por tovenanh
and sgreea to pay to mortgsgee with each monthty psyment an addirional svm esGmated by mortgsgee to be eqwt to 1/12 of the annw) cost of the ldlow-
ing:
i
A-All re~1 property tsxes kvied or assessed ayainst the above desvibed real esute.
i B-Premiums on fire and windstorm inwrance as hcrein requ~red ro be urried on the improvernenn sitwte on ths sbove described premises.
~ C-Premiurro on such mortgaye gwranty insurance ss mortgagee shsll fran tun~ to tims deem fit to prry on the Iwn secured hereby.
~ Mortg~gee shalt from time to time notify mortgagor ~n writ~ng of the amount due and payable hereunder ~rsd such wm shall thereupon be d~e ~nd ~
r ~,,,~.i. r1,. .1~... efifw of ~l~e ne:~ monthlv oavment snd exh successive moroh tF~ere~ftrr urtil mortyagee shall notify mortgaga of a cfiarge in such
i amouM. Stxh sums shsll be applied by mortgayee toward the psyment of re~l property tsxea, inwrante prem:wns, ~nd mortgage gw~anty it~wru~te
~ ~remivms.
~ IN WI7NESS WHEREOf, the ~sid MORTGAGOR has hereunto tet his hsnd ~nd se~l the day snd year Pvaf ~fwasaid.
led and li ed in tM prasencs of:
~
~ ;
~--n ~
TATE OF fIORIDA !
~ St. Lucie ~
defwe me perwnslly ~ppe~nd Tom Edxard Jone a
BettY Elaine Jonea his wife, to me well known snd known to rn~ to b~
the ind~vidwb described in and wFa ~xecuted the foreyoirg instrumsn?, and acknowl ed before me t!?at thay exea?ted tFw ssme for tFK purpwes
~h~:e~ .~.~«a. ,y,d rn, N~d Betty Ele ine ~one a ~
w~fs oF tFK w~d Tom L~'.dT~i92'd Jone s vpon a sep~.~te and privm ~
ex~minatan by me tak~n separaN and ~p+rt from her said husband, acknowledped to end befae me thar sFa executed said irutrwn~nt fretly ~+d voluo- ~
rarily and withoot aryr compu{sion, constraint. ~pprehe~s7on, a ar of or from her ssid husb~nd. 66 1
WITNESS my h~nd ~od offici~l seal this day of M A. D. 19 ~
~ ' ~
~ • Notary Publk in ~ for th~. State of florida ~t lup~
~ My Commissan ~apir~s.
Retum Ta. NMiry ~I~f~[, Sbt! O~ F{Ofldi it
Rnt ~a~.~i s.~~: a~' ~.~«~at~«' FILED AND RECOROED' ~~f0" E'~p~ra Syt. 23,1964
~ Of fon Pie.ce. Md.1 b A.niw r.. a C.u.~y G„
P;~?~, fb.~, 3T. LUCIE COUNTY. FLA. ` .
R CORD VERIFIEO ' '
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66 = ~ :
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' MAY 3 I • y S ~ . ^ - . :
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= 145`?'i0s x i~~~
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F~OGER . ' : !t
'OITRAS ~ ~ ~ :
CLERK CIRCUIT COURT ~ ~'%~'~'~~~~"CJ" ~ " ~
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