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3. To plac~ ~nd coetinuo~sly ke~p an th~ buildirps now a M.s+f~a u~uu~ on ~id lu~d ~nd on ~fl equipm~rt ~ad p~+son~liy cow~~d by tAb mortp~ .
witA ~11 pr~n+ivms therwn p~id in fu~6 fin imu~ai?c~ in ~h~ usw! ~farda~d polity fwm, in • swn approwd by 11» MORTGAGEE. and wi?wlponn
3~~ur~nce 1n rM usWi a~ndard policy fan~, in • sum •pprovad by tM MORTGAGEE, in svcA con+pany or compania as th~ MORTGAGEE may ~
d~rear a+d all fk~ and windsrorm iniunnn policies on any of s~id build~nps, ~ny int~~~st therein w parf tM~tof, !n th~ pq?ep+~~ wm afo.~W or
Ia ~xcns tMr~of, ~Ml1 oontaM tM uswl standard matpagee ciaus~ a iuch other ci~use a tM Mortp~e~ may ~pv~n, n+akiny tM lou vndN said po1F
cies, ~ad~ ~nd ~vKy, p~yabl~ to ~id MORTGAGEE a ib intcrest may ~pp~a~, and each and ~ve.y i~ch poliq ihsll b~ promptly ~as:yned and delirt«d ro
any Fkld by s~id AApRTGAGEE a tuNM. isauify to s~id margag~ d~bt and ~?a less tMn ten 410) days in advanu of ~M expir~t~on of ~ach policy, to dr
I~~sr to ~aid MORTGAGEE • r~wal tFwrwf, top~~i~ with • rece~p~ fw tAe pr~mium ot such ~enewalr ~od then sh+ll b~ no fu~ w winds~orm inwr+~ce
p~ec~d on u~y of said buildirgs, ~ny Mier~st ther~in or put thereof, unteu i~ tM form and with the lou payabk as ~fw~sakl; and in tFw ~vtnt ~ny wm+
e; mon~y becorr~ payabl~ under wd~ policy or policisa :aid MORTGAGEE ~hall h~ve the optio~ ro recsiw and ~pply tM sarn~ on ~ccovnt of tM ind~bted~
neu s~cv~~d 1?K~by p 1o pe~mit said MORTGAGORS ro teteiw ~nd use N or any part the~eof fo~ other p~~pose~, wi~hout thereb~ w~iving a impalr-
inq any puity, tiM w ~ipht w~du or by vtrtw of tha monysps; ~nd in tM ~vent said MORTGAGORS sh~ll fa any roawn fail ro keep the ~aid p«mises w
insured. or f~il b d~liwr promptly ~?y of aid policies of iMwa~+c~ to s+~d MORTGAGEE, o~ fail promptly to p~y fully any pr~miurn the~efor or i~ u?r
respect fail b paforen, dischu~, u~cut~, ~ffect, compl~te, compy weh and abida by this coverwnt, a any part Mrwf, s~id MLIRTGAGEE n++y plKt +nd
p,y fa sud~ irouranc~ a any part tMnof without waivinp w aff~ctinp ~ny optio~, lia+, puity, or ripht w+d~r or by vinw of this Mwtp~p~. u?d tM
full ~moun~ of tach and ~vky wch paymsnt shall b~ i~nmediatey dw and payabl~ and sF+~ll bear int~rost irom th~ dat~ tMreof until paid ~t tM ut~ ol
nlns p~r esntwe p~r ~mvm and toyether with such interest sAaU b~ sscvred by tM liK? of this mortpay~.
4. to p~rmif, oommit w wff~r no wut~ knpa'~rmeM o? dettrioration of aid property w any put tM?aof.
S. To p~y all ~nd sinyvl~r tM coab, cMrqet ~~d expeniea, includirg a reason~ble attorney's fee u~d costs of abstrscts of title, i~cvn~d a p~id
sny time by ~id N1pRTGAGEE, b~u~se or in ths ~vent of the failuro on ths psn of tM said MORTGAGOR w duly, pr~wnptly and fully psrfonn, dixhupR
IXKU1~~ ~t(~ct, compk». oomp~y Mrith and ~bide by ~~ch u~d every th~ stip~rlat~ons, ayreemenrs, cond~~ions, •nd cown~nn of said prom~uory ~or~ and ~hi~
mort9ap~ any q~iMq, and pid oosy, cMr9es and expenses, each aod every. iMll b~ immediately due snd p~yabb: whetF~e~ or not thK~ b~ r.otip d~
mand, ~tt~mpt ro odl~ct or wit pee~d~nyj +nd tM full unount of each ard every wch paymem shall bes. inta.~st from ~M date tMreof until paid ~t tht
rate of ntn~ p~r centum per annum; ~nd all ssid cosn. charyes sod eapenses irKVrred o? pa{d, logether with tuth int~rNt. shall b~ sxured by tlk li~e of tha
~9~
a TM~ W in th..v.nt of aey bre~ch of th~s Monga~. w defwk on rhe pan of the MORTGAGOR, a(b) in tM ~wnt any of said swnf of mon~y
herNn ref~rr~d to b~ ~ot promptly and fvlly p~id within thirty (30) d~ys next after the same uverally bacomt dw ~nd pay~blt, without dem~nd o~ notK~,
or (c) tn tM ~wnt ~~ch and every tl~ stipvletions, sgreements, conditans ~nd mvenann of s~~d promissory note and tA~s matyap~ u+y p ~i?Mr rw1
iufy. P?o~rty a~a f~iM p..fo.m.d, d;,~,.~d, executed, effected, completed, comp~ied with ~ed sbided by. tMn in sither or any such ~wm N» s+id ~
gr~yat~ sum mtntion~d in uid promisso~y note then ~emaining ~npaid, with interest accrued. and all monsyi secur~d. MtrbY. sF?~II betom~ dw and p~y~
eb!• fpflFlWifI1~ W fMtNfFN. at tM op~ion of said MORTGAGEE, a: fully ard complerely as if all of f}+e ssid su~ of nwnay were oripinally stipulafed
ro be patd on wch daY. any~hlnp in ~;d promiuwy note or in this Matgage to the contrary notwitlatandioy;~~d. t~wpon or there~ft~r af tM opYw~ of
•.id MOItTGACsEE, witFaut ~otic~ o~ demand, wit at I~w or in puity, therefwe o~ thereafrer begw~, nwy'b~ prwecvt~d u if all moneys Nn?nd h~aby
had matvr~d ptlor M i1s L~sfifution.
7. ?htl In fh~ ~vant that ~t /M be~inni~ of w af any time pending any suit upon this Mortys~, o~ to iaedos~ h, or to nform It, or to Mforo~
p~yment of any d~imt hNw~d~r, said MpRTGAGEE shall ~pply to the Court havir+g ju~~sdKtion thereof for tM ~ppo~ntmsnt of ~ Rsceiver, tuch Cowt ~iul! ~
Forthwirh ~ppoint ~ nceirN oi ui~ mo?tpaQed p?operty all and iingvlar, i~clud~ng all and aingvlar the incom~. profiri, issws ~nd nwnws from what~v~r ~
wurc~ d~riwd. each ~nd ~vuy o# which. it beinp ~x{xessly vnckrstood. is hereby mortgaged as if spec~fiuly set fath ~nd dMC?ib~d In thi prantinp and ~
habendwn davsa hereof, ~nd such Receiver sh~ll have ~il the broad and effecrive func: ~^ns and powen in anywise entrust~d by ~ Court p ~ Rec~ivu. and
~uch appointm~nt shall b~ m~d~ by wd~ Coun u an admitted equity and a rrWtrer of absolute ri9ht to said lNORTGAGEE, ~ed wirhout nferMU ro th~
edequscy a inad~qvacy of th! v~lw of the property mutga9ed or to rhe ~weacy w insolvency of sa~d MORTGAGO~t a tAs defsndanb, and tAa~ such
renrt, profiti, L~oa•», is~ua and ?~venws shaU b~ ~pp~ied by such Receiver~accwd~np to the licn or equity of said MORTGAGEE ~nd 1he pr~ttia of such i
Courf. i
8. To duly. promptly ~ed fvlly perfo?m, dixhary~. execute, effect, cwr~lcte, canply with and ~bids by each u~d wery tha stipul~tiont pre~nrnts,
conditio~s and eovenann in sa+d promksay note and fha mortgage set fo~fh. '
9. ihat in tM ewnt the owrNnl+ip of the mort9+yed Premises, w ariy psn thereof, becomes vesnd in • person otha than the IIIWRTGAGOR. th~
MORTGACaEE, iri sutctswrs a~d auyns, may, without notice to the lNORTGAOR, de+l with such tucussor w~c~ssor in interast with r~fennc~ to thts
mor~pp~ ~nd rhe deb~ her~by secwed in rhe suns manner u wirh Mo.rgago. w~~hour in eny way vi~7sYug w discMrpiny ths Mortpayon` li~bility M~r
under w upon tM debt Mreby secu~ed. No sale of ~he premixs hereby mortgsged uid oo forbearance on tM pan of th~ MORTGAGEE or its tuasawn
or suipe~s u~d no exteosion of the time fw the payment of the debf hereby secured given by the MORTGAGEE or its svccssiors or aa;pru, ahall apaat~
ro r~leat~, dixMrq~, modify chan~ p affect the wiginal liabiliy of the MORTGAGOR hereie, either in whole p in part.
10. It ts specificdly ayreed tMt time is of tF~e euence of ~hw contract and tMt rw w~iver of ~ny obli9ation her~under or of th~ oblipation N- j
cured hereby th~ll ~t any ti~n~ thereahe? be held to be a waiver of the terma hcrsof or of the instr~ment secund herby.
11. In addition to the fwego:ng nwnthly paymenti of princ'pal and intcrest required by the promissoty note secured hereby, mortpagor cowna~ts '
and agreet fo pay to mortyayee with each monthly paymcnt an add~~ional sum est~mated by matgagee to be eqoal to 1/12 of the annual tost of th~ follow-
ing:
A-All real property taxes kvied or assesud against the above described real estate. ;
8-Prernivms on fire ~nd windstorm inwrante as herein ?equ:red to be w~ried on the improvemenb situate on the ~bove described ptMnisa. t
C-Premiumt on suth mortgsy~ gwrsnty insunnce as mwtgagee shall from time to time deem fN to urry on the Iwn secur~d hereby. ~
Mwtppee ahall from time to time notify mortgagor in writ~ng of the amount due and payabte hercunder and such wm shsll lhereupo~ M dw and
payable oe~ the due date of ihe next ma~thty payment and each successive month thereafter ur,til mortgagee st~all notify mortgagw of a chsn8t in such ~
amount. Suth ~ums shsll be applied by mortyagee toward the payment of real property taxes, inwnrxe prem:ums, ~nd mortysps puaranty inwnnc~
premiums.
IN WITNESS WHfREOF, the taid JYWRTGAGOR has hereumo sef his hand and xsl the day a yeu 'nt af id. (
Sfpmd. S~ and ed in th~ presence of: `2
~~'O`' 4
~ n
~ K~J'/
il /
j STATE OF FLdtIDA ~
~ St. Lucie ~
j counmr oF
I eefor. me peraonally app.ared .Tehn Dtavi (j Fl 1 i a ,~,d
~ grri a$._F11,iQ h;s wife, to me well known ~nd known fo rn~ fo 1»
the individwla desvibed in u~d who ~xecwed the foreyoinp instrument, and adcnowledged befwe ms tMt they executed ths sams for the purposes
i therein sxprested And th~ sa~_ ri I+I?i B$ .1 l ~ c
i wife of tiw said ~T~_ n Davi d ~'.1 1 ig - ~ ~ xp~rste snd privat~
~ examiMti011 by me t~ke~ sepsrste a~d apart from her said husband, ~duwwledged to and before me that sfie execwed ssid irotrvment freely ~nd voluo-
i rar;fy ~nd witF~ou~ arty compufsioe~, co~straint, ~pprel~er~sio~ w fear of or from her said husband.
' /r.iC LL
l WITNESS my Mnd u~d officisl seal thu daY of A. D. 19.~S~SL
~
Notary P~b e md for the Stat~ of Flwida ~t larp~
~ Retum Ta My Comrn ion expires: g~`- G~ i
: Fint F~dewl Savirgs i toao Association Notary pu~ltc. itt~1 a? ppr}B~ d
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