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To plau u~d conHnuously kep on tM buildinps now w Mroaft~? utuat~ on iaid I~nd ~~d on dl equipmem ~nd pNSOnally covN~d by this mwp~ '
~p~. wilh ~II pnmiwm 11w~on p+id in fvll, fi?~ inturantt in th~ usu+l itandard polky fo~m. in ~ swn approwd by tM MORTGAGEE. and wie~twm ~
Mawana ln tM u~~+~l s~a~dard policy fw~n, In a wm approved by tM MORTGAGEE. In such company w canpa~+i~s u tM MORiGAGEE nwy
dinctt ~ed ~II hr~ and windsarm inwr~e~c~ policies on ~~y of said bv~ldinp~, any Int~re~t tF~tM w part thtreof, in tM apyrep+~~ wn+ ~for~ssid ar ;
In ucats tha~o% ~MII contaln tM ~?s~~l ttandud mortgaga~ cl~u~e w such other cl~~ss as tM Mo+tp~ye~ may rpu'a~. makinp IM bu undK uid po14 1
ci~s. ~ach ~nd ~wry. p~Y+sl~ ~o aid MORTGAGEE u its interest may app~~r, and each snd every such policy shall b~ promptly us:9ned and d~live~~d ~o
,~ny Mld by uid MORTGAGEE a funhM sscvrity Io said mortys~e debt. and. not I~u ~han t~n (10) d+ri in ~dvancs of tM expiratan of sach polity, to dr
tiva b ~+id MORTGAGEE a ~~w~l th~rwf, to~rh~r wi~h a~eceipt fo? the premiwn of such renewalr and then ihsll be no fi~~ a winditam inw~~r+t~ '
plapd on ~ny of s~W buiWinp~, any inte~est ther~in or pu1 thereof, unleu in ~hs fwm a~d wiih tM toss pay~bl~ u ~fa~said; uw! in tM ~v~nt ~ny sum i
of moMy baana payabl~ undN wd? polky or poGcia s+id MORTGAGEE shall haw the option ro receive u+d ~pply the s+m~ on xcount of tM indeb~ed~
Mss Htw~d hNeby a ro p~rmit laid MORTGAGORS ro ~eceiw and use N p any pa~t thereof for othcr pu~poses, without thereb~ waivi~~g a impah-
inp ~ny p~riry, li~n or ri9ht u~de~ a by virtw of thts mortpaye~ and in tM ~vent ~aid lNORTGAGORS shall (a ~ny reason fail to keep the t~id pnn+ise~ so
Iniu~d, a fall b dtliwr promptly any of said policies of inw~ance to s~id MORTGAGEE, w fail promptly ro pay fully ~ny premium ti+erofa w in u+y
r~sqct fail b pKfam, d'iscMryt, ~x~t~, ~ffect, canpkte, comply with ar+d abide by ?his eown+nt, a any put hxwf, said MORTGAGEE m+y p~sc~ •nd
pay fa wch lrawano~ w any part tMreof without w~lvinp a affsctinp any optian, IiM, puity, or rght undK a by virlw d thls Morlysp~. +nd ths
full amounl of tath snd ~wry suth payma+t shall be immedi~tely dw ~nd payabb ~nd shall btu interest from tl» d~h thereof until paid at tM rat~ oi
nirN ptr c~e?tum pN ~mum and together with such interest ihall be secured by tM lien of this mat9~ye.
1. To prmit, oanmit or suffer no wut~, imp~irment a deteriwation of said prope~ty w any p~N therwf. '
S. To pay all ~+d sirgulu tM cotn, ch~rpes snd expen~e~, 'uxluding • reason~ble attwney's fee ~nd cosri of ~bstnctt of titl~, tncvrred a paid ~t '
eny ttm~ by iaid MORTGAGEE, becs~rse or In the event of 1he failum on ths part of 1he uid MORTGAGOR to duly, promptly ~nd fully perfwm, dischar9R
•x~cvt~. tffsd, aompl~N, oomply with snd ab~d~ bp ~~ch and every the ~tipulatiau, ~yreements, conditions, ~nd cownants of said promiuory not~ ~nd thw
mortpap~ any or ~itha. and said cosn. ch+ryes ~nd sxpe~ses, each +nd every, shall b~ immedia~ely due and payable: whe~her or r+ot ~her~ b~ nor'~ce dr
rr?and, ~mmpt to oollecl a suH pe~dirgj and tM full art~ount of esch and every wch payment shall bear interat fran tM date ther~of until p~id ~t 1M
?at~ of oUw per centum per arvw~n; +nd a~l said oosn. char9es snd expenses incvrred 8r psid, togethe~ w~th iuch inta~st, sMll b~ ucvr~d by tM IiN? of thi~ ~
~a+D~~
b. ihd W in th~ ~wnt of ~ny breach of thi~ Mortgay~ a def~ult on the prA ot rhe MORTGAGOR, or (b) i~ ths ~wnt ~ny of s~id sums of mo~ey •
her~in t~f~n~d to bs not promptly ~d fully paid within thirry (30) days next atter IFie same severally becarn due ~~d payable, witFwW dem~nd or notite,
or (c~ In th~ ~vent each and every the stipulations, ~greements, conditions and covenants of ss~d promissory note and th~s mortyaye ~ny or either are no1
iuly. promptly snd fully paformed, dixhuged, ezecvted, effected, completed, complied with and ab~ded ~iy, then in e7ther o~ a~y sucA ~vent tlk said ap~
prpab wn? m~ntioned in said promissory note then ~emaining unpaid, with interest scuued, and all moneyf setur~d hereby, sFWll becoms dw ~nd pay~
~bi~ fo?thwiNi, Ot fAffNFfM. ~t tM option of iaid MORTGAGEE, ~s fully and comptetely ai if all of the said sw~ of money were aipirully ~t~pvlated
ro b~ p~id on such daY, anythLg i~ said promissory note or in this Mortpaye to the contrsry notwi~hst~~.d'u?p: and there~rpon or the~~shsr at the option of
s~id MORTGAGEE, without notice w demand, wit ~t lew or in equity, therefon a thereafter begur+, m~y be prwccut~d u if all ma~eys secur~d hereby
had matvnd prior to iri insfitution.
7. ih~t In the eva++t t!»~ at the begiro+irg of w ~t any time pendie+p any wit upon this Mortgage, w to foreclose it, or to reform it, w to enforp
paym~nt of any daims h~revnder. s~id MORTGAGEE shsll apply to the Court Mving jur~sdlction thereof fa ths sppointment of a Receiver. s~cl? Cour1 sh+ll
forthwith ~ppoint i ~~aiver of sai~! mort~aged property sll and sirgular, includ~ng all and singular tM income, profifs, issues snd ~ewnues from whstevt?
souro~ d~rived, eath and w~ry o~ which, it beinp ~xpreuly ~nderstood, is hereby mor~gaged as if tpeufically ut fwth and dewibed in th6 9r~ntiny and ,
habendwn dause~ herwf, and s~th Receiver shall have ~II Ihe brwd and effettive functwns and powcn in anywise entrvsted by a Court ty a Receiver, and
~uch appointmsnt shall be m~de by wth Court a ~n ~dmitted equity snd a mstta of absolute right to s~id MORTGAGEE, and without referenu to ths
adpu~cy or Inad~qu~cy oi tM wlut of the property mwtgaged w to the sonrency or ir?sotvency of said MORTGAGOR or the defendsnn, and that such
rents, profit~, incane, issues and revenues thal~ be sppfied by such Receiver accordin9 to the lien or equiry oi ~aid MORTGAGEE and the practiu of such
~~t. ~
8. To duly, promptly and fvthr perform, d'~scharye, execute, effect, complete, comply with ~nd abide by ead~ and ewry th~ stipulatioas, ~yreemenb,
cond'rtioro and ooven~nts in said prombsory note arx! this mortgage set fwth. "
9. ih~t in ths event tM ownership of the mortgaged premises. w any part the~eof, becomes vested in a penon other than the MORTGAGOR, ths
MORTGAGEE, its suctessa~ and usipm, may, without notice to the MORTGAOR, deal with such successor w axuuor in intereat with refsrtnce to this
mortyap~ ud the debt her~by securod in tF~t sune rrNnner as with Nbr~gagw without in ~ny way vitiating a discharging the Nlortqsgors' li~bility her?
undtr w upon fM debt hereby secured. No sale ~f ~he premises hereby mortgaged snd no forbearsnce on the part of tM MOitTGAGEE q its tuccessors
ar assipro u~d no extension of the time fw tF~e paymem of the debf he.eby sccured given by the MORTGAGEE w its wcctsaon or assigr?s, ?MII operat~
ro r~kas~, disch~r9e, modify chsng~ w affect the original Iiabil~ty of the MORTGAGOR herein, either in whole w in part.
10. It Is spadficslly agreed tMt time b of the euence of this contract ard that no waiver of any obfi9atan herwnder or of tM oblip~tion sr
cund Mrtby shall at anr time thereafter be heW to be a waiver of the terms hereof or of the instrumeM secwsd herby.
11. In addition to the forego:ng monthly payments of prin~ pal ~nd intercst required by the promissory nore secured hereby, mortgagor tov~na~h ~
and ~grees to pay to mortgagee with each monthly payment an add~tiwial sum est~maied by mortgagce to be equal ro 1/12 of the annual cost of the follow-
A-All real property tszes levied or assessed against the above described real es~ate.
i~: • ~
B-Premiums on firs a~d windstwm insu~ance as Ixrein requ~red to be carried on the improveme~ts situate on the above described premises. }
C-Premiums on auch mortgag~ guaranty insursnce as mortgagee shall from t7me to time deem fit ta urry on the-ban utured he~eby. ~
; Mortysgee shall from time to time notify mortgagor in writing of the amount due and payable here~nde? and such sum ihall thereupon be due and
pay~ble on ihe due date of the next mo~thly payment and each successive mo~th thereafter urtil mortgagee shall notify mortgagor of a change in such
~mount. Such sums shall be ~pplied by mortgagee toward the psyment of real propeAy tsxes, insurance prem:ums, and mortgage gusranfy insursnce
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fint aforesaid.
' Sipm , S~aled ~nd d I'nered ' th~ presence of:
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STATE OF FtOR10A 1 i
courrnr oF St. Lucie j~' ~
a
defon me perwn~lly appesred ~eei ~ Newton and ~
ar~ Dorothv Newton his wife, to me well known and knawn to me to bs ?
fhe indiridwb described in and who executed the fwe9oinp instrvment, and ~cknowtedged before me that they executed tF~e ssme fa the purpwes ~
~F,~.QIn ~,cpre„ed. ,?nd,+,e,,;d Marv Dorothy Nei~Iton ~
wife of tM taid CieC~l Newton ~,p«, • separate ~nd privsts
e:aminaYan by me taken aeparate +~d apart from her said husba~d, adcnowledged to and before me that she executed said instrument freely and volu~r f
tarily and withovt ~~ryr compulian, constraint, spprehension, w feu of or from her ssid husband. L,~f t
WITNE55 my lwnd and official ~eal thi• ~p day of A. D. 19~_ ?
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• otary PuWic in and fw fhe State of Florida ~f lar~e ~
,`~~~NtNl~~t~~,~ My Commasion expires: 3
Reh,m T« ' . . Rs, ~~ry State ol Florida at Lxqe E
Ftnr Fed.r.t s.virg• ~ to.e Associ.rwn . . ~
or Fo.r r;~«e. • . _ ~11p Connnission Expres Sept. 23. 1969
; ` C;•~' , ~ . .....e b A..nc.. iw t c«..M. a.
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w~ R- RECORDEO = ~t: ~ ~
fi~E`~ COUNTY. FLA - s~-- ~
ST. WCIE '
RECORD VERIFIEO . - o j :
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'61 fEB 20 PM : 27 , ; .
152883
f~,OGER POITRAS
CI.ERK CIRCUIT COURT g00K1V~ PACE2O9~
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