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To plaa ~nd oaaMwiowly kNp on rh~ puiFdinps now ai hK~aNa ~Nvah on wid I~nd and on ~tt puipT.s~t ard PK+on+ihi cov+?~1 b1? thi~ n~oe~P
~p~, with all prma~wnl th~non p~M ln fv11, fin iraw~nu ~n tir ~w+i st~nd~.d polk~; ton~. a wm approwd by th~ MORTGI?GEE. and wind~~ain
trawana in tM uswl uandud Polic~l fam. in • wa~ apprw~d by tM MORTG/1GE6 In a~ compaey or co~npanin as tM MORTWIGEE nuy
dk~dt and all fk~ and win~bwn~ M+ax~na poiidq on an~r of u~d butk~„ sn~? b+Nrat tMnin o~ pwt tlKnof, in tM apqrp~h win ~fonNW a
~n uaw~ tlw~f, ~hall oonain th~ u~wl a~nd~d mortpp~ daw~ a wd? aMr d+uw a t1» NAortpap« ~nar hquin. m+kinp tM Io~ undu ~aid polE
ctN. Nd+ and ~wry. WYsW~ b s~id MORTGJ?GEE ~ its Y+tKaf nwy appM?, ~no NcA and ~vKy wch polky shall b~ pran~pHp aw~pn~d ~c.c.` ddiw~rd ~e
u+y h~W by stid MORTG/1GEF a furtMt NaKib b wid mapp~ d~W. an~ ~q1 Ip~ Mwn 1N~ (101 day~ in ~dvanq of tM ~xpkNioei of NcA poliCy. b dr
tiv~ b wid MORTW?GEE ~ r~wal tMhoi. taqeth~r wi~A ~ nt~N iw tM pr~eniun~ of wch ~~w~ij and tM~~ ~MN b~ no ~ a wind~taa~ inaxana
ptaad on am? of wid butWinp~„ ~ny int~rMt Ih~nin or p~1 tMnol, uniw M th~ fo~+s'~nd with t1?~ loq p~y~bN a~fwtsaWt and in th~ ~wM any ~wn
of moMy b~coma pay~bl~ w~ wd~ vo1kY « PdiW~ aW MORTGAf3EE siwp Awr tlr aption w r~eaiv~ ~nd appy tiN a~ on ~coowa o1 N~t kid~br~d
nn~ Ncw~d Mr~by a w pKmit wW MORTWIGORS to natw a+d uN M a ainy pn~ th~reoF fo. otM. pwpwea. w;~hovt tiu«b~ w~ivtna or imp~ir-
~np ~e+p ~quftl?« U~n a riph~ u+~d~e or by virtw d tNa nwrt~py and b tM ~wm wW MORTGAGORS ~h.ll fa any naon fai! b kNp ~M wid pr«nias w
~nsw~d. a i~tl b deliwr P~~h? any of wid polid~s d~no~ to wid N10RTG/1GEE. a f~ii P~Pth? fo P~Y ~h? MY P~ ~b? ~,n++~'d
r~sp~tt iail b P~i«~R d~dw~r. ~c~ar~~r, tlfed, oomplet~. oomPy? wi~ and abid~ by thi~ aov~nt, a any put Mrwf. ~aid MOi IGAGEE m~
WI fa wd~ A~wnna w~ery p~rt Mwnof wiThout walNnv a~ff~dieKl +~M oW+ab wn. ~quitY, a ripM u~dK a b~? viNw a.nts Morq+p~. ~d the
iull ~aa+nt of ~+d~ ~nd wKy wd~ paym~N ~q M~at~fy dw ~nd p~y~bM and ah~N bNr ir+t~pt han tM dNw tlwr~of undl p~id M 1M r~N ol
ntr» p~r an~wn p~r Mrwm +nd toy~tlwr with wd~ Mtaat slwll b~ wcund b~r tM N~n of tM~ p~orpap~.
1. to p~rn~iy aoewQt d wF1~r no w+sN. LnP+~M a detKiowtion Ot Nid prop~tr ot M+~l paii tMnof.
S. to piy all and ~i~put~r tM ~oost~, char9~s +~+d ~xC~ns~, i~rdinp s rw~on~bl~ attonN~s h~ and aos+s of ~bqncb oi Ktt~, incun~d a paid N
~ny Hnr b~r ~aid MORTCsAGEE, b~c+w~ a in tl» ww~t of tly faihin on tM~ p~i tAe a+id 11AORTGAGOR to duly, P~~++Wb ~~h
~x~cvh„ eff~d. oomple». aompiY witl~ and abid~ by ~ and ew~Y tM stipulatiom. prNnr~~s. coedkiom. and aovrn~nts of uW p?omis~o~y now ~nd thi~
^+at~p~ +n~r a~idw~. and uW oosb„ d?~ and ~p~, Nd+ and wMy, ~t»tl b~ tnn~d'Nn1y dus N+d MY~bbs wMtlw. a not tl+na b~ naici d?
e+and, atNeRpt to edMd w wM pw~dinpl and tM tull aenowM of ~ad~ ~nd w~ry sueh pa~t sMII bN? int~at kan th~ d~t~ tMrwf w~til p~id at th~
ra~c of ~ PK oenh~m P~r +m~rmt and all wid abs~. dwryi~ and ~xpNa~t tna+rnoi or p~M. lop~th~r wAh wch in~t. slNll b~ Ncw~d ey tM li~n o1 Ma
~q~ .
a TMt W tn th. awm d any bnach of tNs Mapap~ a d~fauh on th p.n of tM MORTGAGOR, a(b) tn th~ wem ~ny oi wtd wm~ of nwne~r
, Mrdn nf~.nd a!» aa promptly and fvUy p,id with~ Mirty t30) d~n e.xt ak~r tM sam~ wwall~r b~ca~» dw «~d p+r+bb. wtthan d~~d a naia.
o? (d in tl+~ ~wnt ~ach ~nd H?KY th~ stia?t+tiaw +~r~b. aa~tiom and oowrrrw of said p~on~k~ory na~ and thi~ narp~ any a eitha an na
i~+lY, pra~pthr and fulb P~d dixh+rpd. ~xsat~d. ~ffict~d, oomPlebd. canpli~d wi~h arrd abided by. M~n M~itha a any wd~ w~t tIN ak! ~
p~g~b swn m~mioMd in s~id promhsory eat~ tMn nm+i~in0 wnP+id. with tnter~st aarwd, and all mo~wys s~cw~d Iwreby, slull b~aon~t dw and WY~
abl~ ~wthwith, or thaNfta, at t!w option of s~id MORTGAGEE, a fully and compbtety ~s tf all o~ th~ s+id wrm of nwn~y wen aiplnNly ttipulat~d ~
ro b~ paid an wd~ day. +~Mhirg in s~id promitfay no~h or in thb Map~ ro tl~ oontr~ry ~olwitlat~+dinps ~nd tMt~upon a the~s~h~r ~t tM option of
said N~ORtGAGEE. without not~n w d~nw~ wit at la~v or In ~qvity. ths+~fon a tMreiha b~pur~, m~y be pros~cvNd a if ~II +aoe~rs ~curd h~nby
Md ma1W~ priol to its kqtilufion. .
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7. nut in ~h. w«N thss at d+. byinnu+y ot or ~t .ny t6,+e pendx~p .oy wit ~pon thi. rNo.ty~p., a+o'fo.eclbsir N: or w nfane M, a. w.nto.e.
wY~ ~+~h? dai~m M.~w~d~r. wW MORTGI?GEf sMll apply w the Caxt Mvi~p jwnd+crfan ther~af for tM ~ppo~btmait~l R~a~irlr. wch Couit shs11
f«tliwith appoint s noeiwr of saW mortpap~d p?opKty all and sir~vlar, incl~d~rg sll and sinpvlu tl+~ ~ profits. iaws ~nd nwnw~ han wlutwK
aovra daiwd. ~ad~ and wery of whidb N b~ieg ~xpreasly und~rstoot! ia hereby mort~a9ed q H
~ ~pKifica(ly set forth and dqv'b~d in tht prantirg and
hab~ndixn dwus Mrwf, ~nd wd~ R~ceiver sh~ll have all d~ bro+d and eff~ctive funu'wns and povw~s in anyMris~ enMusted b~l Cour/ to ~ R~aiwr, ~nd
such appointm~m sh~tl b~ msde by such Court as an ~Ln;tted eqvNy ad a m+na of ahwlu» rgM to wid MbRTCs/WEE, and without nfsnno~ tp ttv
~4~+~Y o? in~d~qu+q~ o( tl» v~lw of tM prbpaty mortp~d a to t!K solvsecy a fnsolv~nc~r of s~id MORiGAGOR a thi deftndaMS. ~nd th~t wd~
r.nn. profi», Mwan~, issu.s ~nd rwMws sh~ll b~ uPP~Nd bt? wd~ Rac~ivu aaad"ug a Nr U~n w puity of wd MORTGAGEE and rM praaia of wd~
Coutt. .
e. To duly. PranPtb snd futl~? Perform. duch+e~p~. ~xscuh. ~NM. oomPl~tt, oomplY with and abid~ by ~ach ~nd ewry thi stipdalion~, spr~„
cad'itioM and coverw~a in said prani~sory na~ and thw enortpp~ set i«th. _
9. Th~t tn tM went the ow~ship of tM rnorp+p~d Pnmqa, or ~ny put tl+ereof, baconws wstd in • person otha~ th~n th~ MORTGAGOR. th~
AIIORT,CaAGEE. Hs wooeswn +nd ass'pru,, m~y, withow no~in to dK NWRTGA~ dwl vrirh such woo~sfor or suaescor in inhrNt with ?sfs.snce ~o fhis
~.w.q.p. .na ~h. dea I+...b,? .«~u..d in +h. .am. m.m.? a,wi~h Mat9.yo. wirhow in .e„ w~, viriati~g o? aiKlwpG~p d,. Mo.r9ay«,• u.bGtp h...~
undK w upon Na debt 1wr~by s~ax~d. No al~ of tir~ premi~es he.~by mortpap~d ~nd no fwb~arana on rh~ p~rf of the MORTGAGfE or in woces+on
w assipns and no sx~~mfon of N~e t&n~ for the p~ynwnt oi th~ deb Mr~by setvnd ~iven bp tht MORTGAGEE or ih woonson or assi~a, a1wH opvab
ro rakae. di~cA+rp~, modify cfwnp~ or ~ff~ct tlw aipind li~biliry of tM MORTGAGOR husiA, ~itMr in vrhole w in part.
10. It b spedfically ayn~d th~t tim~ is of ths es~no~ of th'n con~ad. and tMt ra w~iwr of aew oblipation her~r a of th~ oblip~tion st
cura! I~eby ~Mtl at ~nr tim~ thersafqr b~ htld ro b~ a wa1w~ of fhe tams hpeof w d tb~ katrum~nt t~cw~d harby.
11. In addition to th~ foreyo:^p enonthlY WY~fs ~ P?~-P~~ and interes~ raqu'ved by th~ proenis~wy not~ ~ecw~d
• ar~d ap?.es ro pay ro n+o.r9.ys• w~~h .ach ma?~htr P~roKnr an add~rio+wl wm ese~m.ad ~"~~r, rnonyapo. eownanrs
by mo~t~+yK •fo be pual b 1/12 of the ~rrwal cost of the follow.
~^D~
A-Alt nal properly pices levied or +ssessed apairat-N+e above desuibed real est~re.
6-Premi~ms on Pw and windswrm irawanoe .s Mre+n requ~nd w be wried on t!K inKxavim~q sitwte on ths abo,rs desa~ied pnmiws.
C-Prs+niums on s~ mwt9+9~ 9wranty inswanc~ as monysyee sh~ll fran Yrn~ ro time deem fit to carry on ths loan sawnd hereby.
Mort9spee ~h+ll from time to time notify morfgspor in w?itug of th~ an+oimt dw a~d payabte haiunde~ ~nd such wm shall Mierevpon be dw and
P+Y~b1~ on tM dut date of t!w next month~Y WY~~t and tath wocessiw ~iwnth there~her w+til mapsp~~ shsll notify n+orty~gor of • th~~pe irt such
~nwunt. Sucfi wms sh~ll b~ ~pplied by morty~yae taward the paymeM of r~al prc~p~rty taxes, iruwu+c~ Pra++:wns, and ^wrtp+D~ ~w?+nb iewrarw
P~~
IN F h~ id INORiGAGOR Ms F~aeunfp sN 1~ip 1Nnd and sesl th~ da
ysu afor id.
Si ~d th~ pr~wr~a ofi F
t
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''~4
,
STATE OF FLORIDA ~
cOUNiY OF - S t~ T.v C 3 r~ ,
eefon n,. p,non,~y,pp~,,.d Fred_ D. Calhoun, Jr. ~
Valerie C. Calhoun
tlw i~!'ividwb dexrtb~d in ~nd who ex~cutd the fars~oirg butrunwm, and aclu+owledpsd befor~ ?n~ that iMy ~ncut~d thi s+m~ fw th~ purpows
d+er.tn ~~q,r.sud. Md tlr ••:a_ V~1 er3 A . .s,l he ~r
w;t• of th. satd - Fr a[9 D~ C gl h ~ ~_sT~+ _ «d ptvdr ~
•x+nir+stioe by nw qk~n ~par~te and aput 6an her said M~r~d, ~ b~~~ n» th~t sM tn~aned said irutnxnsrM fn~ly M+d volwf 1
tarily ~nd wifhaA ~y aanW+lsion, oo+utrairM, apprehere~ or fsar of or froen 1wr uW Iwsb~nd. ~
WITNESS eny iwid and otiklal aeal ~ - d+Y A. D. 19=.1._ ~
_ _ _ • - - - . - ~+rY in ~rd for tM St~t~ of Flwida ~t~ larps ~
Reh~n Ta. . ~M u~pins:
i
u
f~u r~.d..d swina. a to,n Associ.:ion ' • - Notiry Pu6Gc. State of fiorida at Ls~ `
a~P~ 0~0 Mr Commission Aeq. 6 1971 ~
Fort Pier ii~~ •
G ,t',~~ . ~ r• badWl~!~±iE@11f~1[j4t
~ F,~,tio~N
~v~a~F~~o ~Y'" ' .o~ ~a, - ~ ~ -
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9 ~ 29 - o ~i ~ ~ _
Q ~ ~ ~ J`~ C •
,61 SE 92 ~~,5. ;
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