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S. To plaa ~nd oa?tim+ousb kNP o~ Ih~ !wildinps now w hK~~hK ut~~t~ on s~id land snd on ail puipm~iM ~so~+lly cow*~d bY tMs ^wrq'
p~, with ~1) pr~mivms tM.eon pa~d in full. fu~ insu~+nca in th~ uswl sandard policy form, in • sum +pprowd by tM MORTGAGEE. ~e?d wi~htorm
insurana b? tM ~wal ~undard pd~? fain, in • sum ~pprowd by tM lNORTGAGEE. M+ sud+ co^?W^Y a~^W^~~+ a th~ MORTG/1GEE m~y
dindt and ~II fk~ ~nd wiiwbtorm imu~aea Polkies on ~ny of aid b~ild~nps. any tMKn1 tMrein o~ put tk~+wf, In tM ~~q~t~ swn ~foresaid a
Ie ~xaa tMnof, ~11 conu~ th~ wwl atendud morrga~ clws~ w such othK claus~ as th~ Mor~yagN m+y rpvir~. n»kinp ~M loss wxl~r a+id po~}
clh. ~ad~ a+d ~vKy, paY+bl~ w s+id MORTGAGEE ~s in iroerest m~y ~ppw~. ~nd each a++d tvery iuch poliq shall b~ pranptly ass:9ned +~d d~tlwnd w
~ny hdd by aid MORTGAGEE as furtFw~ acwity ro said morty~ d~bt, and. not I~ss than t~n (10) d~ys in ~dvanc~ of tM ~xp(ration oi ~sch polity. ro dr
liv~r w said MORTGAGEE ~ rsn~wal therwf, top~thK wi~h a receipt fo~ the pn.nium of such raoew~lj ~~d then shall be no 4ir~ w w'u~ds~orm int~~~nu
pi~ud on w~y of aid bvlldlnps, a~+p int~~est tMrein a part the~eof, ~rnleu in tM fam and with ~i» loss pay~bl~ aa ~faes~idt and in tM ~ve~t u~y wm
+u
of nwn~y b~com~s payable uedK such Pol~c1? or Po~ic~s s+~d N?ORTGAGEE shsll Mw th~ optia+ ro receive and ~pply th~ s~rt?~ on ucovM ot tM indtbt
n~u Ncw~d h~t~by ot b p~?mit s~id MORTGAGORS to receive u+d u~e N a any pa.t thereof fw other purposes. wi~hout thereb~ w~iving a imp~K•
tn~ any pu;ty, li«+ a ripht undK or by vinw of this mo?tpay~: ai+d 'x+ tM eve~t said MORTGAGORS shall for ~ny resson fail ro keep the said premisss so
lnwr~d, ar bi~ to d~~;va pramptly any of s~id pol~ci~s of inwrarKS ro a+id MORTGAGEE, w fail promptly to p+y fully ~ny premivm 1M.efa a in ~n~
r~sp~d fail b pM1am. d'achuy~, unn+f~, eHect, campl~ts, oomply wirh and abid~ by this ooven+nt, or any put Fwrwf, said MORTGAGEE maY P~+~ ~'''d
p~Y {or weh Uqurant~ or sny part th~rwf without w~ivirg a+ff~efinp a~y option, li~n, equity, or ripht und~r w by virtw of this Mo~ty+p~. ae~d tM
full ~enowa of ~ad~ +nd w~ry wd~ WymM~ ~I++~~ b~ ~mnnd~+teb dw +^d WY+~ ~"d ~ intsrest from tM dat~ thereof until paid tM ~an ol
nin~ pu anh?m pK aruwm and to~thsr with wch inte~est thall be secvred by tM 1'~ of this mort~+y~. .
To p~rmit, oomnit or wff~? eo w+st+. M~W'um~nt a deterior~tan of said propaty or +ny paA tMreof.
5. To p~y all u+d sinpvlw tM cost~, cMryes snd ezpen~et, incl~rdinp •?eason~bk ~ttwneY's fe~ snd costs of ~bshacts of title, incvned or p~td tl
any tim~ by taid MORTGAGfE, b~taus~ w 1n the tvMt of tM failur~ on ths pi?t of th~ ssid MORTGACaOR ro duly, p?ornpdY +^d fi+~~Y Pe~fa'^~ d'xM'9~ ~
~x~~, ~pNh. ~ply w;th and abide by ~xh a~d every ths uipul+tions, preements. conditio~a, and cov~nants of said promissory not~ and thb
mortQap~ sny w~it1+N. ~nd said tosis. diu~ ~nd ~:p~nses, e~ch and ~wry. sh+ll b~ imrn~diatcly due and piysblet whethtr o~ not tMre b~ ~~otic~ d~
mand. attanpt M tolbct a wH ~npt +nd th~ ful) amovnt of sach and wery wth p~yment ~h~ll bear interKt from tM date ~her~of unti) paid d tM a
nt~ of nin~ pK untum p~r ~nrwm; uw! all said tosts. chu~es ~nd expenses intwred or paid, togethet with svth Inter~at. sA~l) b~ s~twed bY tA~ lia~ of thia
~p~
b. ?h~r W in N+~ went of any breach of this Mat9ay~ w defs~lt on the part of the MORTGAGOR, w(b) in ths ~w+?t u?Y of w~d tums of moaey
h~nM nhrr~d to b~ not pranptly and fully paid within thirty (30) days next afte? the same sevaally becoms dve and p+ysbls, without d~mand w ~otic~,
or W tn th~ ~wM ~+ch and every th~ stipulatio~, agresn+e~ts, conditions snd covenants of sud promissorY note ~nd th~s mwtga~~ any or eithsr an nol
~uly. prampHy u~d fully p~rformed, discl~~yed, executed, effected, compl~ted. complied with ~nd abided ~iy. then in eithar w any s~ch ~wnt 1M said
prs9ab wm mMtarNd in said promissoty oote then remsininp w+paid. with interest acu~:ed, and all mor+eys s~turad. hereby, shall Decan~ dw and P~Y'
abl~ fwthwith, a tMrs~ft~r, st tM opYan of said MORTGACsEE, st f~lly snd complNely as it all of the aaid wmt of ma~ey were aginally stipulated
to b~ p~id on such daY. +nythiog in se+d Pra+~issory rate or in this Mwtga~e to the contr~ry ~otwithstandin9; a~d therwpon-or tlmrsahsr at the optia+ of
s~id MORTGAGEE, withow nolio~ w de+nand. wit at I~w a in equity, therefore or thereafter begun, msY b~ prosecut~d a if all narKya s~wr~d haeby
had nwtw.d p.io. ro in ins~itvtion.
7. iMt tn the ~vsnt that at tM begtnning of or ~t any tims pending any suit upon this Nb.tg~ge, o? to fondos~ H, or to nforen h, or to er~foru
payrn~nt of ~ny d~ims h~reunder, s~id MORTGAGEE shsll apply to the Co~rt having jurisdidion thereof fw tM ~ppantment of ~ Receiver, wch Court sMll
fwthwHh appoint s nc~ivN of s+i~ mortyaqed proPaAY all and singulu, includ~ng all and singul~r the incans, profin, issws ~nd r~v~mres from whatw~r
wura d~riwd. tach snd ~very o# which, it beinp sxpressly understood, is hereby mortgaged as if specifiully set fwth and deauibe~l~ thi 9wMinp and
habK+dum dauses Mreof, and ~uch ReosivK ihall have ~II the bro+d snd effective funct~ons and powen in anywiu entrusted by a Couh t4 a Receivsr. ~nd ,
wch ~ppointmH+t shall b~ rrwJs by wch Court as an admined eqvity and a maner of absolute riyht to said MORTGAGEE, and without nference to ths
~dpu~cy or insdeqwcy of ths valw of the property mortyaged or ta the ~nrency a insolver?cy of said MORTGAGOR a tl+~ defendann, u+d that such
rentti profits, incan~, iuws and nvenws sh+ll be appiied by iuch Receivcr sccord~np to the Iien or puity of s~id MORTGAGEE and ths pwctin of wch
Court.
8. To d~ly, promptly u~d fully perform, d'~schary~, execute, effect, complete, comply with and abide by each ~nd. ~wry the sKpulatiom„ ~pre~nts,
conditioas and oovenants n said prombsory nota and this mo~tysge set fwth. ' .
9. Thar in ths evem rhe ownership d the mong~ged p.emises. or any pa.t rhereof, becomes vest.d in a penon orher than fhe N10RTGAGOR, ths
MORTGAGEE, its wccsswrs and auipns, may, without notice fo the MORTGAOR, desl with such succ~ssor a Mxcessw io iMeresl virith rtfn~nu to fhis
mortpa~ and th~ debt hereby secured in Nw same manner as with Mortgaga without in ~ny way vitiatirg a discMryirg the Mwt9ayors' liabiliry htr~-
under a upon tM debt hereby secu.ed. No sals of the premius hereby mortgaged and no fwbearance on the part of tM MORTGAGEE w it~ successon
o? +uiyro u~d no extension of tl+e time fw the payment of the debt he.eby secu~cd ~~ven by tl+e MORiGAGEE a ia wccesson a auigro, ah+ll opera»
to releas~, disth+ry~, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in put. ~
10. it is specifiully ~ned that time t~ of the euence of this contrsct and that no waiver of any obligaian hereunde~ or of the oblipation se-
cund t»nby shall ~t ~ny t6n~ thereaher be held to be s waiver of the terms heraof or of the instrument secured herby. .
11. In addition to the fwego:ng rnonthly payments of princ'pal artd interest required by the prom~ssory nole secu~ed F~ereby, mortgagor coven+nri ~
and ay~a~s to pay to mortgayee with each monthly payrrtent an additional :um estimsted by mwtgagee to be equsl to 1/12 of the annual tosi of ihe follow- ~
i~y: ~
A-All red property t~xes kvied w assessed against the abwe dewibed real estate.
B-Prsmiums on fire ~nd windstorm insurance as hercin requ~red to be urried on the improvemenri situate on the above desnibed p?emises. ~
; C-Premiums on wch mortyage ~wranty insursnce as mortgsgee shall from time ro time deem fit to carry on the ban ~ecured hereby.
j Mortyagee il+all fran time to time notify mortgagor in writing of the amount due and paysble hereunder snd such sum shall thereupon be due and
~ pay~bk on the due date of th~ next monthty psyment and each successive momh thereafter ur,til mortgsgee shall ratify mortgagor of a chanpt in such
emount. Such swns ahall be ~pplied by mortgagee toward the payment of reel property taxes, ins~rance prem~ums, and rtwrtgape ywranty inwr~nce
premiwn~. ~
IN W SS WH F said MORTGAGOR has herevnto set his hand ~nd seal the day and ye+r fint aforesaid. ;
~ ed in tM presenc~ of: . ~ t
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STATE OF FLORIDA 1 ~
COUNTY OF $'t . I,UCle ~ ~ ,
~fa! ~ ~„a,,,~~r,~.~.~.~a Richerd E. Bailey ,nd
Glenna Hope 8811831 h'n wife, to me well known snd known to me to b~
rM ind'nidwb desuibed in ~nd who ~xeaited ths for instrument, and acknowledged before me thst they execvted the sams fw the purposes
Gl~enna Hope Bailey
wifs ~ rh. N~ Ri eha rd E. Be ~ 1e31 - vPon a separ~te sr~d priv~t~
examin~Yan by ms tsken sepant~ a~d aput from her said husband, adcnowledged to and before me th~t sMe executed said inswment freely snd vol~rr
rarily and without ~ny oomputsion, constnint, apprehension~~or fear of or from her said husband.
wtn~ess my h.na ,~a off'w.~ thii ~ d.y of Februe a ~9~
Notary P~b ' in and for the State of Florida at L~r~e
. Ahy Comm• enpires:
Rewm Ta Notary PubHC, Stata of Honda at ~.arge
RrN F~dersl Savkps i lwn Aswciatan ,.•.-••~i~:~,, My Comm~ssion Expir~s Aug. 6, 1a67
ot Far P~erce. ~~,,,,i+ Bonded BX Am~n~n Surety Co. of N. Y.
~q~ ~coao~c;y ~ .
~ COUNTY. ~ ~ ~ ~ v
ST. LUCtE ~ .
RECORD VERt~ ; ~ :
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15~ 1 :r ; ~ ' ~
'61 fE6-''~ ~ 9 r~~'-. e
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"i~`i"' '~:r;3ti9N•
CLEFtK C RCUIT COUR7 ~ 800K 164 P ~
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