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To plaa Md contirwwu~h IcHP on ths buildiegs now w 1+H~aftK ~itu+t~ on sa~d land and on alt equtpm~nt and p~nonally covw~d bY thi~ narp'
sp~, witA dl pnmi~~ ti?K~a+ p~id in f~~4 firc i~ur~nce in the vswl standard policy form. ~n • swn approwd by th~ MORTGAGEE, aew! winds~wm
tnswanc. in tM uw+l ~~.ndud pol~cy f«m, in • swn •pproved by th. MORTGAGEE, in wch ca++p+~Y a ca^P+nies W ~M MORTGI?GEE may
dk~cq and all fk~ ~nd w'~torm inswsnc~ policKt on aey of sud buildinps. ~ny inhnst tlwnin o~ p+h thKwf, In tlN ~pyrp~t~ wn? afora~id or +
in ~xc~ thH~of, ahall cvnt.in tM wwl it~ndxd mat~a~i d+v~ a such othK clauw ~s tht Mat~~ n++iY nqvi?~. m+kinp ~M bu w+dn uid po1F
ci~s. ~ad~ u~d ~wrY. WYabt~ w s~id AAORTGAGEE as ita intKeN m~y appNr, ~nd exA and ~wry wch policy ~MII b~ promptty au:yned and d~livK~d ro ,
~ny MW by wid MORTGAGEE a funha secwity to uid mo?~p+~ debr. and. no~ I~u than qn (101 days in ~dv+nn of tM ~xplr~tion of ~+th Po~~~1?. to dr ,
livu ro said MORTGI?GEE a~seewal tMrwf, rop~tM? with ~ reuipt M? tM p«miwe oi weh ra+~w~lj ~nd tl+K~ ~h+il b~ no fu~ w winds~am ieuw+ee~ •
pl~ad p~ ~ny of sa;d bvild'aps. ~11y 1fNNlit fMffill OI p+.t 1l+K~of, unl~ss 1n tM form'~nd with tM lou p+Yabl~ ~s ~iwesaW: io tM ~wnt any awn
~ ~q~y ~p„p p~YsbM w~d~~ wch policy or pcl;c;~a said MORTGACsEE sMll Mw th~ optio~ to r~uiw +nd ~pply tM s~m~ on +cca?M o1 th~ ird~b~sd~
nsss Na,.~d hsr~by a a pKm~t s~id MORTGAGORS ro reuive ud v~ H a any part ~hereof tw o~her purposes, wi~hou~ ~hxeb~ wsivins a~mpair-
irg ~ny pvity, li~n a riyhl w~d~r a by virtw of this mortppes +~d ~ th~ ~va?1 s~id MORTGAGORS sh+ll for uy? ~tason f~il to k~p tM s+id pnrniu~ io
insured, a fall lo deliver promptly ~r?y of s+id polici~s of inwnno~ ro s+id MORTGAGEE, a f~il prompty b p+Y ~vlly any premiwn tt~er~fa w in any
r.sp.a f•il a p..focn~, d~sch+r~.. ~a~cut~. ~HM. compNt~. comply with ~d ~bid~ bY this cov~^+N, w ~ny piN Mnof. said MORTGAGEE may p•+c~ and
WY tw weh teawantt a~ny part tMrsof witlaut waNinp o~ ~ff~etGg +ep oPt~on. ~Mn. ~4v~tY, w tipM urda a by vinw of ~his M~xIQ+p~. and tM
full ~o~+nt of Nd~ and ~wry sud~ WYenMt sh+ll b~ imr~di~tely due and p~yabb ~nd sMll bsar intKest ftom tM dat~ therwf w?til paid at tM r~b oi
nin~ pN antwn p~? aMUm uid topether with such ints~est ah~ll b~ sscurtd by tM Iwn of this mwtp+p~. ~
1. To p~nit, aam~it or wff~. no wut~, lmpakment or detKiaatioe~ of wid propMty or any put fhs?wf• i
S. To p~y ~It and sinpulsr th~.ooats, charpes +nd expenses. includinp a rsaionable ~ttwe~y'a fe~ u~d cosb of absnac~s of titl~. incvned or p+id at
~ny tkn~ by aaid MORTGAGEE, beuvs~ or M~ th~ ~vsnt of ths failw~ on tiw p+rt of tM s+id h10RTGAGOR b duly, promptly ~+~d fully pKiwm, dacM.y~
~xecvt~. ~ff~d. oomPk~. ~Pb With u+d abid~ by tsch a~+d every the stipul+tiaw +Oresn+ems. c+ooditiont. ~nd oownan~s of aid p?anissory ~wte ~nd thii
mo.ryap~ ~ny or ~i~F~. and ~aid coita, d~upes ~nd ~xparres, ssch and every. slwll b~ tenmediately dw and p~yabb: wherher w not tM.~ M naiai ds
msed, atqenpt w ooilect w wit q.dirg: and the fvll xr~o~t of esch ~nd werY wd? P+Yma+t ~11 be~r intenit f~am t!w d~te thsreof until paid ~t the
rare of nie?~ pa aentvm par arawm: and ~II wid obsrs, chuge~ and exp~na~s i~cwred a paid. to~ther with wch intsrat, shill be s~cvr~d by tM ii~n of thi~
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s. TMt in the ~wnt of ~ny bre~ch of this Mortpay~ or d~fsolt on tl+~ pah of tl+~ MORTGAGOR, a(b) io tM ~wnt sny of aid swe~s of moeey
herein r~f~rr~d to b~ not promptly ~nd fully psid within thirty (30) days ~ext after tF+e san+e severally becane due ud pay+bb. withovt demand a notice.
or M th~ ~wM each and ~wry tM sKpulations„ aprNm~nb. oonditions u~d cov~nants of sa3d promissory ~wt~ and tFds mort~pe any a either art rwl
ivly, PranPry ar~d f~iy Ps.to.m.d, d~sch.~ped, executsd, ~ffected, completed, compli~d with and abided by, then in eithe~ or any such tvent th~ uid ap~
pra~,~h ~um mentia»d in said promissory not~ then temaininp unpaid. with interest acaued, and •11 mo~+eys wtured hsrsby, sh~ll bsc»m~ dw and p~y~ !
abl~ forthwith, or tlwnafter. at tM option of said NIt~RTGACaEE, u fully and compl~tey ~s if dl oi the wid wms of ma~sy we?s wginally at~pubted
to b~ paid on wd~ daY, anythinp in ss7d Prom~ssorY not~ w in tha Mort~sg~ ro tM conn~ry nwwilhsqndiny; and therwpon or thereaher at tM option of ~
uid MORTGAGEE, witfio~rt rar'~n a dem~nd, wit at lawr or in puity, thersforo or N~ere+fter be9un, may be prosecuted u if all nnontys seair~d liueby !
nad matwad prar ro in instih?ran. i
7. Th~t ln f!~ went that at tM beginnirg of or ~t any tirn~ pending soy wit upoo this Mwtyage, or to fweclos~ it, o~ to refam h, a to enforo~ ~
paymant of u~y de'Kns he~eund~r. a+id MORTGACsEE sh~ll ~pply to the CouA havin9 b~isdiclan thereoi fa the appomtment of ~ Reteiver, such Couit shall
fortliwith ~ppoint ~ nceiwr of ssid morty+ged property +11 a~d sirgulsr. indudug all ~nd singu~~r tM ie+come. profib, iss~es ~nd revenues fran whattve? ~
•ourc~ dKiwd, each and every of which, it bainp expressly undersrood, is herebY mortg+ged ss if ~p~c~iically ~et fath ~nd described in tM 9rantinp and ~
hsb~ndwn clav~s h~reof, and such Receiwr shsll have all the broad and efiectiw funct~a~s and powen in ~nywise entrwtad by a Coort ro ~ Receivsr, snd
such ~ppointrrwnt sMll be m~de by wch Covrt as an admitted eqviry ~nd a m~tter of absolute ripht to s+id MORTGAGEE, and witlaut referena ro th~
adequscy a in~d~qwcy of th~ v~lw of th~ prbperty mwtgayed or to the wtvency w insotvency of sa~d MORTCaAGOR w tM defendants, u+d ?hst such
renn, profits„ incane, iuues ~nd rew*wes sh+~~ b~ +PP~i~d by svch Receiver saordinp to ths liee or equ'~ty of said NWRTGAGEE and the practiu of such
Court.
8. To duly, pro~~y .++d fo~y p..fo~,+~, discharye. execute, effect. cwnplete. comply with and abid~ by wch and every the stipulaYro~a, apreemenn,
condRam and covenants in s~id promissory not~ and this mortp~ye set forth.
9. That in th~ went the ownenhip of the morf9+~ P~*~~• a+~Y P+n the?eof, becomet vaafed in a perwn otha th~n the M~ItTGAGOR. th~
MORT('iAGEE, iri wcceswr~ and +ssi~ns, m~y, without notice to the MORTGAOR, deal with such wcceua a suacssor in interest with reference to this
monpap~ u~d the debt he?eby secured in fM sams manner as with Mwtgagw witfiout in a~y way vitiatirg or dixMrpieg the Mortpsgors' lisbility Mn-
under a upon the debt hereby secwed. No sak of the premises hereby nw.tgayed and no iwbearence on 1M p+rt of the N10RTGAGEE or in tuccesaors
w au'gia snd no ~xtensan of ti+e trne fw the payment of the aebt hereby secur~d qiwi+ by the MORTGAGEE a its sucpssors or assi9rr, .~hatl operate
ro rdea~, discM~ye, ead'dY dwn~~ w ~ffect tM wigin~l Iisb~Gry of ~he MWtTGAGOR hsre~n, sither in whole w in put.
1Q. It ii specifics~ly ~graed tFwt time b of the esMnce of this contract ~nd tMt ra w~iva of a~ryr obli9ation herwoder w of the oblipation st
curod FwFeby ah+tl at ~ny tim~ thatafler bs held to be ~ waiwr of tFw t~rma he~eof or of the iratrument sewred herby-
11. In additibn ro the fweqo:ng monthlY p~yments of princ:p~l sr~d inteisst required by` the promissory nors secured hercby,' mort~f~qor`~oi~n~nri
and syrees to p+y to mort9agee with each monthlY paYment ~n addirio~al sum atimated by mortyapee to be eqwl to 1/12 oi tl~e ar~nual eosl oi ths folbw-
;~,g: , , j .t Z~Jt'iY
A-All re~l properfy uxes kvied w assessed sgainst tlx above described real estate. ; .
~ B-Premiums on fire aad windstorm insw~nce as herein reqv~red to be urried on the improvemenb sitwte on the above deicr~d prankes. ;
C-Pr~miuin on sucl~ mongsge ywr+nty inswance ss matgsgee shsll from t~ms to time deem fit to c+rry on the loan secui~~-~eby.
ABo~tgagee sh~ll from time to time notify mortgagor ~n writ~rp of the smount due and p+yabk hereunJer ~nd such wm shall_~~.~ii•duq ind
payable on the dve dste of the neat monthly paymem and each successive month thereafter until mortgagee sh~tl notify mortg~pw F~,w~.il~ wch
amovM. S~xh wms shall be ~pplied by matgspee toward the payment of real property t~xs, inwrance prem:w~a, snd mort9a9e ywrsMy inw~urce
1 prcmiwffs. • •
~ IN WITNESS WHEREOF, the s+id MORTGAGOR hss herevmo set his hsnd u~d seal the day and r fint af esaid.
~ ~a ,~,a ~a ~ i,. of: INDIAN RI CHtTRCH, INC.
By rt H. P r Prea de ~
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Atte on B. e ge , e ntary
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1
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STATE OF FLORIDA COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on thi day of Ju? ~ , A.D. 19_(y~,
before me personally appeared Robert H. Pegram a~ Leon B. HePPelPinger
respectively President and Secretary , of
s~nTAN RIVER PRESBYTERTAIJ CHIIRCH~ INC_ a Flnridg Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; and ihat they `
~ . i
~ affixed thereto the officia) seal of said corporotion, and the said instrument is the ad and deed of- s~jd:t~~iota~i6s~. ~
~ .
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WITNE55 my hand and official seal at Fon Pierce , said oeu and state, ~ ~ n r ~
_ ~ ~ ~ ~ i
,
Notary Public, in and fw State and C~nty.,~f@~e~idp ti'• = - ~
pNp RECORDED My ~mi ion piresNatup PubGc. St~M"':~! Flqrida at larq~.-' ~ ,
FILED
gT,1..UC1E COUNTY. FLA. 1Y4y Commissan E:pires.l~oj~`;;: ,•;.~1~' ~
REC RD VERIFIE lo'~ w.a.a ~.».K.,, s.. a•c,s.~i„
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