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S. To plao~ ~nd oonNewo~sly keep on tM b~ildinp~ now or A~+~aftK situat~ on wid bnd uid o~ ~11 puipnwnt u+d pNwna~h oov~nd b1? thi~ map'
sy~. with al) prtmlums theraa? p+id in full, fire iniuranc~ i~ iM ~nvai sundard policy fwm, in • fw+? approwd by tM NWRTGACsEE. +nd wi~tam t
infv~~nC~ In tM ~»wl iundud pol~cy fain, in • ~um approved by tM IIM1ORTGAGEE, in wch ca~?psnY o? oor^W^ws tM MORTGJ~GEE 'n+p }
directt and di fi~~ ~nd wi~ronn insur~ec~ policces on ~ny of s++d buildw+ps, aiy Mte.~st tM.~in a p+N thK~of, M+ ~iw ~p•a wm dor.~+id a ~
i~ exceu tl~eof, shall contain tM us~al standud ma~9a~e~ ci~us~ a such aMr ct~rs~ u tM Mat9ye~ m~y rpuin. IMkx~Q fM 10lf 1MdN Nid pO~F
c~e~. ~sch and ~very. P+Y+bI~ w s~id MORTGAGEE ~s ia interest n?ay app~. a~d Nth and wKy such policy ~h~ll b~ promptly ~ss:p~+sd ~nd delivtr~d ro ~
any M~d by wid MORTGAGEE u furtMr sscwity ~o saio ma~q+p~ dsbt. and, not I~s~ th~n tM l10) d+ys In advar~ of th~ ~xpi~atioe of ~sch policy. ro dr !
Iiver to Nid MORTGAGEE a nnew+l tMr~of, topetlwr wi~h • retsipt fa 1M pnmiwn of suth r~ntwal~ ~nd thtr~ sh+~) be rw fir~ w windstwm Irawar+a ~
placad on ~ny oi Nid buildings. any intere~t tMnin or pu~ tl+Kaof, unleu in th~ form and wi~h tM lou payabb u afw~saidt a+d i~ tM ~veM any sum
of mon~y b~comea pay~bt~ w?d~r wch poticy w po~iciss s+7d N?ORTGAGEE shsll h~w tM optan to receiw and ~pply ths s+mt on accovnt of tM ird~bted~
ness wcw~d M.eby w~o permit aid MORTGAGORS ro rsceiw ~nd us~ N a+ny puf thereof fa othe~ purpous, withouf ~he.eb~ waivi~.p or impaiti
in9 sny pvity, lieo or ~ipht vnder or by virtw of this mort9aQes +~d i~ ~he ~ven~ sa~d lNORTGAGORS sh~ll ta ~ny ~eason fail ro keep ~ha sa~d pr.nuses so
inaured, w f~ll 1o d~liver pramptly any of said polKiss of insw~~a to s~id MORTGAGEE, w f~il promptly to p+y fvlly s~+y p~emium tl+ere(or or in a~11
respact fail ~o perfo~r~, discharpe. ea~cutq ~ffect. compl~ro, compty wirh ~nd abid~ by tAb ooven+nt, or any parf he~wf. ~id MORTGAGEE m+y place a+d
paY for such imurant~ or ~ny part tt~eof without wa'~vitg a aff~ctinp ~e?y option, li~n, puity. or ~ipht under a by virtw of thls Mwt~+pe. snd tM
full smount of e~ch and ewry wcA payment sh+ll imn+ediattly dw and paysbl~ u~d shall boar interest from th~ dat~ thereof until paid ~t tM ra~~ ol
nine pN centum p~t anrwm ~+d tagether with wch ioterest ~11 be securad by tM lien of this matpsp~. -
1. To permit, oorondt or suffer oo wut~, imp~irmtnt a detarioration of said property w+nY P~~t ~hc~eof•
5. To pay all ~nd sinpul~r tM costs. ch+rges and expeoseb includlnp • roason+bl~ at~omeY ~ iee snd costs of abahacls of title, incurt~d a p~id tl
any time by ssid MORTGAGEE, becaoss o? in the ~vent of ~he failw~ on tM part of ~he iaid MORTGAGOR w duly, prompNy and fully perfwm, disch~?gt
execute, effect, compkte, comply wilh and ab~de by ~ach ~nd every the itipulet~ons, ayreemeon, cond~rions, and covenann of s~~d prom+swry nor• and thw
mortaa~s any or either. and ssid costs, chu~ and expensss. each and wuy. sh~il b~ immadiately due snd payable; whether a not there be r~otice d~
mand, ~ttempt to colkcf w wit pend~ngt and tFw fvll amovnt of ~sch and every such p~yment ihall bea~ intaeil f~om the dat~ tl+ereof unHl p~id tl th~ •
; ate of nine per ccntum per amwm; and all said oosts, cMrgea and eapenses irKVrred or paid. lopethet with wch i~ter~at, shall b~ s~cvrd by tM 1'an of ihn
mortpay~.
6. That in the event of any breach of this Mort9ap~ or defsult on tlr part of the 1NORTGAGOR. or (b) in the eve~d aM? of s~id svms of rtaney
herein referred ro be no~ prompdy and fully paid withie? th~rty l30) days nea~ aite~ the :ame sevaaty become dve u~d payable, without d~msnd w notics.
or (c) tn tM event esth u~d every the stip~latio~s, sgreamenb, cond~~~w+s ~nd coven+nn of said promissory ~wle snd this mort9a~e any w either ~re no1
iuly, promptty and fully perfwmed, dischuged, execvted, effccted. completed, canplied with ~nd abided ~iy, tMn in ~ither or ~ny uxh w~nt th~ s+id a~
gregate wm mentioned in said promissory note theo re~naininp uop~id. with interest atuued, and all ma~eys ff~cvt~ hsrebY. sh+u eeoo~~. dw +~d ar
able twthwilh, w thereafter, at the option of said MORTGAGEE. +s fully ~nd completely as if all of the said swAS~of mq~sy were wqinally stipul+ted
to be paid on such day, anything in said promissory note w in this Mortgage to the contrary notw7thsandinps snd thereupo~ w tllercaher at the optan of
said MORTGAGEE, without ~wtice or demand, ~suit at law a in equity, therefwe w thereaiter beyun, may be prwecvted as if ~I~ nqrKY~ sea?r~d As~ebY
had matured prar ro iri institution.
7. That in Ihe event th~t at the be9in~ing of w ~t any time pendinp anY suit upon this Mortg~ge, a ro fwetlos~ it, or fo rofam it, 6t to enfwo~
p~yment of any daims l+ereunder, said MORTGAGEE shall apply to the Court having lurisdiction thereof for the appointment of ~ ~:triver, wch Ca?rt sh+ll
Forthwith sppoiM s receiver of said mortgaged property all and singular, intlud~ng all and singul~r tF?e intome, profits issues and nven~ei irom wlwtevet ~
source derived, eath and ~very of wnicFy it beinp exprqsly ~nderstood, is F+ertby mortgaged as if spetifiully set forth and dewibed in the qrantinp snd
habendvm da~ses hereof, and such Receiver shsll have aIl the bro+d and effective funct~ons and powers in anywis~ entrusted by a Cowf to ~ Receiver, and ~
such appointment thall be made by such Covr1 as an admined eq~ity snd a m+tter of sbsolute r~yht to said MORTGAGEE, ~nd withoul teferenct to tM ~
edequscy or inadequacy of ths value of the properry mat9a9ed w to tF~e sohency o. ~nsolvency of said MORTGAGOR a rhe defend+nn, and ~h~t wch ~
rents, profits, income, iuues snd revemxs shall be applied by sucF~ Receiver sccordinp to the lien a pviry of uid MORTGAGEE and tM practiu of such ,
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Court. - ~
8. To duly, promptly and fully perfarm, dixhuge, executq effed, oomplete, comply with snd abide by esch and every tM stipulations, agreemtnts, !
conditions and covens~h in said promissory oote and this mortgage set forth. f
9. Thst in the event the ownenhip of the mortgayed prem~ses, or any psrt thereof, becomes vested in a perwn other th+n th~ 1NORTGAGOR, tM j
MORTGAGEE, Ms wcussors +nd suipns, may, without notice to the MORTGAOR, 'deal with such successor w successw i~ interest with refere~+ce to this
mortgsge and the dcbt hereby setured in the sams manner as with Mortgsga without in ~~y way vitiatin~ or distharginp the Mortga9ors' lisbility herr
under w vpon tF~e debt hereby secured. No sale of the premises hereby mortgaged snd ew fabeuance on the part of the MORTGAGEE a its successas ;
or ass~gns and no extension of the time for tF~e payment of the debt hereby secured 9~ven by the MORTGAGEE w iri tvcteuas_ or ass~gns, aha~l operaN 1
ro rekase, dixharpe, modify change or aftect the wig3nal liability of the MORiGAGOR herein, eitixr in whole w in put.
10. it is spec~fically agreed that tune is of the eucnce of this cor?trad and that no w+iver of any obl'gatan hereurwkr w of the~oblip~tion
cured herrby shall at any time thereafter be held to be a wsiver of the terms hereof or of the irutr~mem secvred he*by. :
11. In addrtion to the fwego:ng monthly payments of prin~ pal and interest required by the prareiuwy note secured hereby, mortgsgor tonMn~r?tj,
and agrees to pay to mortgagce with euh monthly payment an addilion~l sum'eitimaled by mortgages to be eqwl to 1/12 of the annwl tost of~,l~eiollM~-{~:
• ~ .
'n9. A-All real property taxes levied or assessed against the above described real estate. '~~••s••• ~?i,(~ i {
' B-Premiums on fire and windstorm insu?ance as herein requ~red to be carried on the improvements situate on the sbove described- prNn~~ - 4~:~ ~ ?
i • . i
k C-Premiurns on such mortgage guaranty insursnce as mortgsgee shall from tinx to time deem fit to carry on fhe loan secured
~eb~i. : p. ~ `
~ Mortgagee shatl from time to time notify mortgagor in writing of tF~e a~nount due and payabk hereunder and suth sum shall•t~vpoA~~r! ~~e1' ~F
Gayable on the due date of the next monthly payment and each successive month the~eafter ur,til mortgsgee shall notify mortgagw •p e. i~/ tiucfi ~
~ a~nount. Such sums shall be applied by mortgagee toward the payment of rea~ properry taxes, insurarxe prem:~ms, and mortgagey~p~? dl ~qp~ 7~
premiums. • f . : ~
' ••.....••01`:=°:
~ IN WIiNESS WHEREOF, the said MORTGAGOR has herevnto set his hnnd and seal the day snd yesr ~nt afwesaid. ~
r~ed ~I and l~iver~i
~nI t~f~ ese/nce of: ~ t~l t~~
Ri e m ' ~
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- Attest:
- - - - - _ . ~ ~ --~.m~--
STATE OF FLORIDA ~OUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~u~ day of JL?,~ , A.D. 19~Z,
before me personally appeared Louise Palmer a~ 1~T. A. Palmer
i
respectively PresideM and Seuetary-~ea~. , of
Riveraide Company ~ a Florida Corporation, to me
known to be the persons desuibed in and who executed the foregoing inatrument, and severofly acknowle~~~the ~gxe
~ ~ ~ :
~ cution thereof to be their free act and deed as such offioers for the uses and purposes therein mbc~tionec~;•ancl~ tiiat.they; : '
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affixed thereto the officia! seal of said corporation, and fhe said instrument is the ad and deec~ ~i~l-p~p~rat~p~
: . v : -
WITNESS my hand and offidal seal at Fort Pieroe , said oounty state:~
~ b1 O ~ -
FILEO AN~ RECORDEO' Notary Public, in and for State and Couiiqyi ~r'e~d~'.~~." _
3T. I.UCIE COUNTY. FLA~ My Commission Expires•
;
RECORD VERIFIEO ~ s~ °f •
~(o~anissia- i:~:rK 3. 1969 9
~y A~,~~.. 1wv a CY..iry ~o.
'61 ' JUt 24 PN 3: 3~ "
.i584UJ W,. 5 i~~ t~ p r~- U t-Z ~ U A
~ DOCUMEN7AoN STAMP TA_
w~~~R POITRAS ~ z = dll1.24~s~ _
CL~RK CIRCUIT COURT ~j o = -i~i~~ ~ 2 4 O O-
C~~C ~,~J~' d(~QK ~V~ PACE1~55 ~ y V COMPTRCLLER 'u~~` _
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