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3. To pl~a and ca+Hnuo~,sly k~ep on ~M buildinps now a 1wNfta Ntwt~ on tafd land ~nd on ~11 ~quipn~R and pMSOn~lly cewr~d bti thk nq.t¢
p~, with ~11 pnmivms ~hsnon p~id io full, fi~~ inivranc~ in tiK vswl standard polky form. In • swin pptov~d by tM MARifsJIGfE, and wlndqo~m `
~+~uranof M tM vsual ~t~nda.d pol~cy iarn, In a swn apprw~d by ~M N10kTGAGEE, in wd~ comp~nr or oon~~ a N~ MORTWI~3EE ~r ~
directp and all fk~ ~nd windsarm insuranc~ policies a+ ~ny of s~id bufldinp~, ~ny hNrpt tMrtin a paA 1hM~of, in th~ ~pprp~ts tww ~iorMiid a ~
in ~xq~s tF~wf, ~MII conatn tiw ~rswl standud ma~gag~s ctauq or urch aha davw a?M MorpapN maY rpuin~ matM+D tl» bas u~d~ said po1E
ties, each ~nd ~vKy. WY~bI~ w said MORTGAGEE as ib iroere~t may appsM, u~d tacA and wery tvth policy ~hall b~ pranptly qt:pewd and dNivK~d b
sny Mld by wid MORiGAGEE ~s fwthtr secutity ro said mortpaQ~ debt. ~n1I, nOt IfK tI~M1 iM (1O) ~yf i!1 NIViAp OI fM f7t~k~tipl O~ 1KI~ pO~ity. ~o d~
11ver to ~aid MORTGIIGFE a r~newa! thereof, top~~Mr wirh ~ raceipt for tM pr~mium of wd~ rsn~walj ant) tMn thall b~ no fin o? wi~~am irowana
plec~d on ~ey of said buildinys. any inter~s~ thcrrn or p~~~ the~~of, ~nieu io th~ fam ~od wi~h ~M loas p+yabl~ as ~fw~s~idj ~nd in th~ ~wm aay swn
of mon~y beconie~ payabt~ ~~?d~ wch policy w pofKas aid MORIGAGFE ~lul1 haw tlw option 1o no~iw and ~pply tM s~ on ~oooiN?t ot tM 4~d~bt~
ness ucw~d benby a w perinit said N1pRTGAGORS to ?eaeiw u+d us~ it a any put thereof fa otM~ pwpoa~s, without tM~eby waivlnp a impaM-
iny ~ny puitp, li~n a ripht under or by virtw of this mortpaya: and in tM ~wnt wu! MORTGAGORS shall for aMr r~awn fail to k~ep tM sstd prNnb~s so
~nswed. a fall to d~liva promptly u?y of ssid pol;cies of insu~ance ro said MORTGAGEE, « t~~l ao~iy to ~r w~N +mr w•~?wm tMnfa a M+ +^1I
re~pen tail a pe.forn4 dcscharqe, ~xecut~. ~ffect. oompl~te. oomply wirh and ~bid~ by thb oov~+unb a amr part h~rwf, ~aid MORTG/l6EE m~y pl~w ~nd
pey fw svth inw~anc~ ~ any part ther~of without waivirg or affecrinp any op~iar,, Ikri, ~quiry, w~ight u~der er by virtw of tAi~ Morpp~. and tM
f~ll smow~t of ~ach and ewry such paymem shall be imenediately dw and pry~bl~ ~nd shall bw ht~rat from th~ d~t~ tMnof until paW at th~ n» ol ~
nine per os~fum pet ~nnum and tvgether wi~h wci+ imeres~ ih~,U be secvred by tht lien of tAis mortpa~e. ~
To pem~it. comnut o? wHK no wut~, impairmer?~ or deteriwat~ of sa+d propaty a~np pin tMrwf.
3. To p~y ~t! and siegul~r the coab. cM~qn a,+d expenses, k~cl~,diny • re~son~bl~ ~t~wney's f~ ~nd aos» of abahaeM of titl~. ~~d w patd at
any rim~ by se;d /NQRTGAGEE, b~cause or in ~h~ ~vent of the fsil~ro on the put of th~ s~id MORTCsAGOR 1o dvly. promptly ~nd iully puiom~, di~rpR
exec~~~, ~ifact, complet~, oomply vrith and ab:de by each and every th~ stipubtions, apre~msnts, conditiom„ a~d oown~nb of taid promiuwy iwt~ and thi~
mortgaye a~ryr or eitha, and said costs. char9es and eXPenses, each ~nd ~very, sh~ll b~ immediat~ly dw and paY~bl~t wMtha ot not tMn b~ tatioe d~
martd, attempt to oolkct or wit pe~d~ng; ~nd the full amount of each ~nd wery wch p~ymNn ahalt besr int~nsi irorn t!w d~ts tlMhof until pald at tF~
rate of nins per centum per annum; and atl said costs„ charpes and expenses inpmed or p~id, to~ther with wth intKNt, sMll b~ Ntvnd by th~ li~n of thi~
mortqay~,
6. That in the event of any breach of this Matysp~ or default on th~ part of the MORTGAGOR, or (b) in th~ ~v~n1 any pt uy ~wm of moMy
herein referred ro be nor pranptly and f~lly paid with'en thirty l30) days next after the sun~ ~ever~tly b~com~ due ~nd p~yabb. without d~rtNnd or notiN.
or (c) in the event exh and every the stipulations, sgreemenri, conditions u?d coveewnb of s~id promisaory npt~ and Mis mo~tpp~ M~y or ~itMt u~ nol
iuly, promptly ~nd fully pe?(umed, discharged, executed. effected. compteted, comptied wirh and ~bidtd dy. M~n in ~ithM a any wd~ w~M th~ s~W a~
g~-gate wm mentioned in said promissory note then rem~inirg unpaid, with intereat acuwd, and all mon~ys Ncund. Mr~by. ~hall p~opnM dw and p~Y
abte fwthwith, w thereaher, at the op~ion of said MORTGAGEE, u fully ~nd completely as ii all of tM s~id su~ns of rt~o~y w~n orpinalty stipulartd
to be paid on svch day, anything in said promiuory note or in lhis AAwtpage to the contrsry notwithtt~nps aed thK~~pon or tlwr~ahK at th~ option of
se~~ INORTGAGEE. without notice or demand, suit at law w in equity, theretore or tlw~eafia b~ tear b~ proNCUt~d p if ~11 mon~y~ Nwr~d IMnby
had mahxed prior tp its institution.
7. Th~t u~ the avent thar ~t tke beqinning of or at any tims pendi~g any wit upon tha Mortpayt a fo foerc{oN M, or b t~fam N. w to ~nfwp
pzyment of any claims hereunder, s~id MORTGAGEE shall apply to the Cour1 h~ving jwisdiction thKwf for tM appoinhn~nt of ~ R~t~iver, Wch Courf sMll
Forthwith appoint s receiver of saij! mortgaged property all and singul~r, ir~c(vd~ny afl snd singutu ,th~ k~eom~ profin, b~w~ and r~wnw~ l~pn wMt~rN ;
source derired, each and every o# whKh, it be~ng expressly understood, is hereby mortga3ed as if specifiully ~et fath and dNCrib~d_In thi ~~ntinp and 1
habendum davses hereof, and such Receiver shall have ~II the bro+d and eNective fu~ct~qr?s and powen in anpw{~t u~tnpt~d by ~ Cowt q a R~qlwr, ~nd ~
:uch appointment shall be made by wch Covrt aa an admitted tqvity and a m~ttd of ~bsolute r'qht b qid NIORTGAGfE, M~d without nfennq q fM
edequacy or i~?~deqwq of the value of the p.operty mo.~ya9ed a to the wnrency or inwlv~ncy of a.id MtaRTW?GOR a fFw d~f.nda~n, and fMt wch
rents, profin, incane, issues and revenues shall be applied by suc~h Receirer eccordirp to tha li~n or ~quity of wid Jy1pRTGAGEE a~d th~ prattk~ of wsb
COUrt.
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8. To duly, promptly and fvlly perform, d'acharge. execute. effect, c'omP~et~. oomply with ud abi~ by wtl~ ~nd rwry tM atipubtiorM„ prNn~.
conditans and coven~nn in said promissory note aod this mwtgage set forth. . •
9. That in the event the owne?ship of the mortgsped premises, w ariy parr thereof, beaon~s~wshd 1n a~p~noa otl»? than th~ AAOIC~GJIGOR. t~+~
MORTGAGEE, its succeuws and asigrn, msy, withwi~ notica to the MORTGAOR, deal with ~uch woassor or wqhspr in iMq,qt wifh r~fK~np p fhy
morrgage and tl+e debt he+eby secured in tIx ssme manner as with Mwtg~gor witFqut in a~y way vitiatirg or ~i~cM~piny dy AMrtyapo~s' U~billty h~rr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbear~no~ on th~ pvt of th~ MORTGAGEE w Hs wteeswn
or a:signs and no extension of the time fw the paymenl of the debt hereby secured p'~ven by ths MORTGAGEE w its s~ops~oq p auigM, yFMU pp~raf~
ro release, diuhuge, modify cha~ge w affect the original tiabiliry of the MORTGAGOR haein, either ~ whola a&~ pat.
i0. It is specifically agreed that time is of the esscnce of tbis c~ontract and that no waiwr of u~y obli9aYan hK~under or of ih~ oblypation
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the irotrue~nt setw~d I~by,
, 11. In add'+tior~ to N~e fwego:~g monthly payments of prin~ pal and interest required by the promiuory npte secured hereby, mafpa9or oown~nft
and agrees to pay to mortgagee with each monthly payment an add~~ional sum estimated by mortgaQes to b~ equ~l f0 1~12 of fh~ annual wst of 1M follOw~
iny:
A-All real property tsxes kvied w assessed agai:~st the above desc?ibed re~l esbte.
B-Premiums on fire and windstorm insurance as herei~ requ~red to be wrried on the improvementt sitvat~ on tM abov~ detuib~d prlmk~s,
. C-Premiums on such mortgage guaranty insurance as mortgsgee siwll from teme to time daem fl! to urty on Th~ Ioan Nwt~d Iwt~by,
Nbrtgagee shall kan time to time norify mortgagw i~ writing of the amount due and psyable h~reunde~ and wch wm aMll Nwr~upon b~ dw ~nd •
Fayable on the d~e date of the next monthly payment and each successive month thereafter until morfyages shall notify mort9~yor of a thanp~ in svch
amount, S~ch surtu shall be applied by mor?c~agee toward the payment of real property ta:es, inwranta premiwns, and monpa~ ~uar~nty (r?wr~nc~
p. emiums. _
IN WITNESS SNHER€OF, rhe ssid MORTGAGOR hss hereunto set his hand and seal the day a~d nt ~foraaid.
~ig ed ealed and detivered xe of:
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.~~4--,?~., ~t ~ n
S7ATE OF FLpR1DA - :
couNnr oF St. Lucie ~ ~
Before me p~rsonally appeared Ws~vns~ F. ~ Al 1p~II ~ }
Jo Ann Al l en hi, Nnf:, to er~. ,weu know~, ,nd kr~own to ,n. to b.
rhe individwb described in and wFw executed the fore9oirg instrwr~ant, ~nd ~cknowfed~ed before mt th~t th~y executed th~ sam~ for th~ p~rpos~s
therein exP.essad. Md rl,e s,~ Tn Ann Al l An
xif~ of th! Nid - wA$'lA E Allen - tlpp~tf Nld ~r~t!
exam~nstion by me ta4en separate and apan from her said ~dcrwwteeJged ro and b~foro rM that sAe exewted said irqtrumem frNly and volurr
rarily and wi~ho~t any compulsion, co~?straint, appreF~rnsion.~~of or from her pid iwsband.
WITNESS my h~ed and official seal thi: day of AU uSt A. D. 19~
' ~ ~ ~ Notuy Public tn a+d fw tM Stab of fforid~ af lary~
. , AAY C.oirwnwsion ~upir~
Refum Ta
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