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S. To plaa snd oonttnuou~ly keip on tFw buildinps oow w haeahN stw~t~ on said Iand and oe dl eqvtp~wnt ~+d p~non+ly cownd by thi~ nwr~
p~• w~~ P+~~ a~d w~4 fir. ins~.aoc• in th~ vwal standud poticy form. in a swn ~owd by th~ MORTGAGEE. and windstwm
u,•wu~a in ~i» v~wi uu~da.d ~Ky tu:;n, !n a:::~ s~pro:~ed by ~eTGAC~EE, tn wch cano+nr or compani~s a th~ MORTGAGEE ,n~y
duMj ~ ali iln a+d winds~onn intw+nc~ polici~a on any oi iaid buildug~, a~y int~nst therein w part thK~o{. 4n th~ apqre~» wn? iia~said w
In ~,ccws thKwf, ~MII contaM th~ vswl stand+rd mortgagN cl~us~ or i~th ahK da~ as tM lMortp~ m~y ~puin. m~kinp th~ iwi und~r said potF
ci~s, ~ach and ~vKy, par•bl. a s~id MORtGAGEE +s iri intetes/ may app~ar. aed exh ar+d ~very such poliq sMll b~ promptly qs:ymd and dNiver~d to
+ny Mld by Hid MORTG/1GEE p fwthsr ~scwity to ssW mort9a9e debt, u~d, ~a ku ~1an ~en (10) days in ~dvsnc~ of tM ~zpG~~an of ~sch policy. to d~
II~~r to qid M1pRTGAGEE • r~w~l therwf, top~tMr WI1F1 ~ tKf~pl fw tM pnmium of such nnewsls and th~n ~haN b~ no fe~~ or windstorm Inswanc~
plscd on ~ny of said bvIldinp~, My HItNNt iMf~il1 M pitl fIM~lOF, u~leu in ~hs fum +nd wi~h tM bss payabk as afaes+idj ~nd in tM ~wnt any wn+
of moMy baooiniM p~y~bl~ ue~r wch polky or polici~s said MOR:GAGEE ~hatl haw tM opYan to r~ceive ~od ~pply th~ same on ~coow+t of the &~d~bted~
neu s~cw~d h~nby q to pHmit s~id M{ORTGAGORS ro rocaiw ~~d ~u if p any pa~t Ihereof fa other purposes, witiw~t thereb~ waivirg o~ impair.
inq +ny p~iry, lan w ripht w~d~~ or by vtrtw of this mort~a~e; and i~ tM ~vent aid MORTGAGORS aFwll fa a+y rea~on fail to ke~p the uid pr~misss so
iniured, o. f.il a d~t~w~ promptly a?y of ~sW polK~es of imuraou to said AAOrtTGAGEE, w tail prompMy to pay i~lly any premium thenfw or in a~y
reiptct fail b pKfwn~, dischup~, ~x~cutR, ~ffM, oanpl~te, compy wi~h and abid~ by this oovenar?t, w aey pa?t herwf, s+id MORTGAGEE may pl~p
paY f« wch 4awanc~ w~ny p~rt ther~of wifhout waivuq a ~ffMinp snY optiay lie~y eq~ity. a riphl wxlu or by virtw of this Mortqpe. and the
full amow~f of each and ~very wd+ payment shall be irnmeJiatefy dw ~r~d payaub and ahall bear int~rest fran th~ dat~ thereof until paid ~t th~ rat~ ol
n~n~ pK pntum p~r an~wm ~nd to9etMr with a~ch intaest sMll be :ecvred by the lien of this monpa~s.
4. To pu~nit, aomnat a wffK no wut~, itnpairmenl or deterioratiw~ of s~id property or any put thereof.
S. To p~y al) s~d sY~pular tM coNs, cMrp~s and expenses, includinp a reasonsble attwney i fe~ and cos» of ~bstr~cn of titl~, incurr~d or patd a1
any tims py sa;d µpRiG/1GEE, b~uvs~ or in tFw ~vent of tM failws on ths pan of th~ ssW MORTGAGOR w dulY, promPty ~nd iv11Y pKfom?, d~scharqR
•xecut~. ~ffsq. ownpl~». comply with uid ~bide by e+ch and every the stipvlations, a9reements, conditions, ~nd cov~n~nts of said promiswry not~ ~nd th4
mort9+p~ WIY O? Nfh!?, +nd s+id costs. chupes ar+d expenses, each ~nd every, sh~ll bt Fmmed~atety due and psy~bte: whether a not tMr~ b~ r~otip d~
mand. ~nempt to coll~q or wH pendinpt u~d tM full amount of each and ev~ry wch psYment thall bes~ intertat fran Ih~ dab tMreof uotil paid at tM
~ate of nirN ptr pnhpn per s.•kw~n~ aed all s~id cwts, cM~pes and expenses incwred or paid, topether with such imtr~at. ~IsaN b~ ~cur~d by th~ lien of thia
mortpa~. •
6. Th~t in th~ ~wnf of ~ny breach of this MortQay~ w dafault on the p~rt of the MORTGAGOR, a(b) in tM ~vMt any of s~id wms of money
her~ln r•f~n.d ro b. na promprly u?d fvly p~id within thiry (30) days next afta the same ieverally b~com~ dv~ and payabl~. withovt d~rnand or notk+
or (cj in th~ ~v~nt ~ch u~d ewry th~ stipulations, sgrsemenn, conditions snd coven~nta of ss~d promissay ~ote and th~s mwtpa~t any or eithe? ~n nol
iuly, prornptly and fully p~rfamed, dischuyed, executed, ~ffected, tempkted, compl'~ed with ~~d abided by, th~n In ~ithtr w sny wd~ wMt tM said aQ~
prpsM swn mantiorNd in said promissory noro then rsmaininp uapaid, with interest ~cuued. and a11 rraneys ~cwed. Mr~bY. aMll beoae~t dw ~nd pap ~
abls fortMwitly p tMtwha, at th~ option of said MORTGAGEE, as fully and ccmpletely as if ~II of the ~aid swns of ma?~y were wpinilly stipulated
ro b~ paid an such d~r. ~nytNnp in ~id promiuory note o. in this Nlong~9e to the ca+trary norwi?M~sndinpr ~nd th~?~upon w there~hK at tM option of j
s~id MpRTGAGEE, without naiu a dnnand, wit at I~w or in equity, therefors or N~ereafrer begun, may b~ proNCUt~d q if all motnya acund hK~by ~
nad mitu~6 pfi0f i0 ~fi ilqi+tiitqti.
7. That ln 1M ~wnt that at tht be~inninp of w ~t ~ny time pendirg sny suit upon tha Mortgape, a M f0~sdow H. or fo nform N. or to ~nfo+'q ~
paymar+t ot ~ny d~ims Mnund~r, s~id NIORTGAGEE sF~alt appy to the Ca,r~ I~sving jurwdiaion therwt fa tM ~ppointmeet of a Receivar, wch ~oun shall
Farthwhh ~ppoint ~ nteiwr of sai~ mortpa9ed property all ~nd singvlar, includ~ng all and singvtsr the ineom~. profiri. iuues and tewt~ues from what~vN
wurt~ d~riwd, tatA ~rM! tvKy o~ whKh, it beinp ~xpreufy unders~ood, is hereby morrgaged a: if spec~fically iet tath ~nd deivib~d In thi pran~ieq ~nd
hab~ndum cl+usa Mreof, u~d wch Receiv~r sM11 Mve all the bo+d and effective fuoctions and pow~rs in anyw~se entrusted by ~ Coun t~ ~ Rec.iwr, ~nd
wch appointm~nt ahall b~ mad~ by such Court p~n admitted equity and • m~:ter of ~bsolute rght to s~id N10RTGAGEE, and wi~hovf nfennu ro tht
adequ~cy or in~d~quacy of th~ valve of ths prope~ty monpaged or to the sohrency w insolvency of said MORTGAGOR or tM defe~dann, and thaf t~ch
rent~, profits. Incam, issws aod r~venws shall b~ spplied by such Receiver +ccordinq to the lien or equity of wid MOATGAGEE and tM prattia of such
Court.
8. To duly, prornptly arrd tutty perfprm, disch~rye, exccute, effect, compkte, comply with and ~bide by each ~nd ~very tM stipulaY~oro, apr~nK?ti,
conditioM and carenann in s~id pranhsory note and this mortgsge set forth. '
9. That M tM svent the ownership of the mortgayed premiscs. or uiy part thereof. becomes v~shd in a p~rson othe? thu+ 1M MORTGAGOR, tht
410itTGAGEE, ih wcc~uo~s aed usiy~n, rn~y, wirlwuf notice to the MORiGAOR, dea! with ~uch sucuswr a~KC~swr Lf iniereq wifh ref~ttnc~ to thU
mortpay~ and tM debt hereby secvred in the aame manner u with Mwtg~gw without in any wsy vitiatirg w discMryir?p tht_INwt~spw~' li~bility h~n-
under or upon th~ d~bt hereby secured. No ssle of the premises hereby mortg~ged and ao fo?beawnp on tl,~ pan of th~ INOi(iGAGEf or in aucceswn
or auigns and rq extension of ths time fw the payment of the debt hereby sccured given by the MORTGAGEE or ib successors or wi~rq„ ~hall op~ab
ro nleas~, difchary~, rtwclify cMep~ ar affect the orglnal liaoility of the N60RiGAGOR herein, eithe~ in whole w in part. :
. ;
10. It h specificdly ~reed that time is of tM euence of this conrwcr and ~hat no w~ive~ of any obliyatan hereunder or of tM oblip~tion ar ~
cured hereby ~11 at ~ny Ywn~ thereaher be held to be a wa;ver of the terms hereof or of the instrwnent securad Mrby. !
11. !n add~fion ro the forego:ng monthly psymtnts of princ:pal and interest required by the promiuory nore secured hereby, mortpsgor covtnaMs
and agrees fo p~y to mortgaQes with e+ch monthly payment sn add~ranal ium es~lmated by mortgsgee to be equal to 1/lZ of the annual cost of tM follow-
ing:
A-All rea! prop~rfy taxes levied w sssessed agaiost the above dewibed real estata ~
B-Premiums on fire and windstorm iru~rance as herein requ~red to be urried on the improvemenri sitwte oe the above desc?ibed premises.
C-Premiums o~ such matgege gwranty insurance as mortgagee shall from time to time deem fit to urry on ihe {oan secured hereby,
Mort9sgee shall from time to Yune notify mortgagor in writ~ng of the amount due and payable hereunde~ and such sum shall thereupon b~ dw and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify morfgagor of a tMnp~ in t~rcl~
amou~t. $uch wms shall bs ~pplied by mortgagee toward the payme~t of reat proptny taaes, insursnce prem:ums, and mort~sge ywranfy insur~noe
premiums.
N WITNESS WHEREOF, the s+id MORTGAGOR Ms hcreumo set his hsnd and seal the day and u f' t afo?es~id.
( S~a and ed tM presence of: 4~f /~.C
~ ~
~
tc..~
7
STATE Of FLORIDA ~
couNttr oF St_ Luci ~
sefor. n,. per,on,~~y,ppe,.ed Ronald Cole
and ~
Rtlth CO7 @ his wife, to me well known and krawn to m~ to ~
the individwb described in ~nd who ~xewted the fwe9oirg instrumsnt, and ack?awiedged befws me 1Mt they executed the same for ths pvrposes ~
' rherein expteswd /btd the ~atd Rut~'] CiAlA ~
w~se of th. ,,;d Renald Cole - ~ ~~~~?e ~,~TM
examination by ms tsken sepanfe and sp~rf from her said husband, adcrwwledyed to and before me that she executed said instrunxnt freety and vot~n-
tar~ty and without a~ryr canputsion, cautainr, apprehens''°'~f'~ feer of or fran her said husband.
WlTNESS my h~nd and official sea! this ~~~/LlaC. dey of tember A. D. 19.~_
Not~ry P in ~nd for the Stata of F{orid~ ~t lar ~
~ j
. My ~
Refwn Ta _ t
Fint Fsd.r,l.Sa;L~~~~~a~t~wn Aswc;at;on Notary Publlc, ?taie of rlorid~ at large f
~`~~~~.r~~~''~ ~ ~~(~~0 AND RECORD~D ~~y ~mmfssion Expires Aug. 6, i96~ ~
Bonded By Am~rican Surety Co. of N. Y.
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