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3. To p1~a and contirwously k~p oa tM 4uild'ugs now o~ i?KS~hM utwb on aid land aed on all puipm~et a~d p~rwn~lly aownd by this n~at~
p~. with ~II pnmiw~q tMr~on p~id in full, fu~ inswu~e~ In th~ vswl stmlud poliey torm, ~n ~ sum approwd by Ih~ MORTGACaEE, u+d wind~toren
insw~na i~ tM vawl suad+rd poticy tam. • sum • approved by tM MORT(iAAGEE, in wch comp~ny w eanpae?i~s a tl+e MORTGACsEE nNy
dw~t w~d all fin w~d w'u~torn+ Uuur+na policiN on ~ny of uid builda+ps, ~ny interat tlwtin a p~1 tlNr~f, in th~ apprpah wm ~for~saW or
In ~xc~fs tMrwf. shsll ea?Uln tiN wwl ata~dard morryape~ d+us~ a ~vcA wiw. d~~ a tM Mortp+~ m+Y n4uw~. makirp ~!n bss ve~d~ said po1F
ci~s. Nch and ~very. WYabN b ~aid MORTGl1GEE ~s ib ints?~st m~r appN~. and Nth ~nd ~vNy tutA polity shall b~ proenptly a~:9Md ~nd d~livend to
~ny h~W by s~W MORTGAGEE a furtha wcurity fo s~id mortp~ debt. snd, not I~u than t~n l10) days i~ +dv+nn oi ~M ucpi.ation of ~xh policy. t+o d~
fivK to s~id MORTGIIGEE • r~ewal tMnof, topttMr with + nt~pt for ~M p~miwn of wch r~ewalj ~nd tM?~ ~hsll b~ oo W~ a wt~tam iewwna
plapd on ~eqr oi s~id bviFdi++ps, u~y iehrat tiw~in a p+rt th~nof, vnNss io tlr form'and with tl+~ loss p~y~ble u ~fw~s~id~ ~nd io th~ ~vsnt any wm
of moewy beeon~ p~yabN unda wd+ poliey a poliei~s saW MORTGAGEE sMU haw rM option b nesiw H+d ipply tM ~ on +aowu o1 tM ind~tsd~ .
~u ~cv~~d h~r~by or b p~rmit ~aid MORTGAGORS fo ~eceive ~nd ~s~ H a ~ny put tIK«of fa orhe. purposes, without 1hs~eb~ waivi~.p o~ impain •
+~+Y ~b. tiM or riphl under o~ py virtw of this nwn9+pet M+d in tM ~vent said 1NORTGAGORS sMtl for ~ny naia+ faN b kt~p tM uid prsmisa w
tniwed o? bil b drliwr promptly any of said pol;ci~s of Inwrmo~ ro said MORTGAGEE, « fa~i promp~y a P.y tultv u~y Pr.~,wm ~he.•ro. a~.~+~
respd f~il q pKforn~, dncharpe. ~x~cvt~. ~ffM. campl~b. ccmpiy wirh +nd abW~ by this cov~ns~t, w~ny p~rt Iw~of. said MORTGAGEE m+y pl~ and
WY fa wd~ Mavr~na a~ny put tMreof withou~ w~tviep or ~ff~ctlr~ +nY aW+or~, ~M~+. eqviry, a ripl?~ und~r or by virtw of this Mort~. and tM
full amoeM of ~ich and ~wry wd+ p~ym~at shall b~ immedi~blp dw and p~yabl~ ~nd shall b~ ietKU~ han tM dat~ thenof until paid a~ th~ wN ot
n~n~ pK antum pw anrwm and ropether with wcA intK~st sF~ll be s~cw~d by ti~ li~n of this monp+p~.
- To pumit. aomndt or wffa no wut~. ia~p~imKnt a detKioratioa oE utd properry or any puf thn~of.
S. To pay ~tl and tiopular th~.cash, cMrpa and ~xp~nws, inclvdinp a nasonabb attan~ya f~e and oos» of ~bahattt of Htl~. ::rwr~d a p~id at
~ny tke~ by ~aid MORiGAGEQ b~ea~ a in tM ~wnt o~ tM fsilw~ on tM put of tM wid AFORiGAGOR to d~lY. ao~y «+d fi,iy ~o~, d~x?~.~ ~
•xecvte, ~ff~tt. canpt~b. oomply with and ~b3de b~r ~xfi ~nd every tM stip~rl~tions, a~reernenn, ~tiaa, and oownaon of said parwasory nws ~nd tha
mortQpe ~nY a~t~Mr, and ~a;d cwb. cha?qe~ and ~xpsrws, ~ad? ud way. sMll b~ immed'Ntety dw a+d p~y~bks wMther o~ ew tMr~ be eotici dr ~
mind. ~ttsmpt :o oo11M or wb ~+dirgt u~d tM h+~l ~nq~,rt of ~sch and ~+rery wd~ paym~nt sh+ll bes~ i~hnst fra~+ tht d~t~ thxro+ until paid a1 the j
rate of nirN per aentvm psr ~nwmj and alt said odst~ charyes and expenses fnarrred w paid, to~ethu with such intarut. ahall b~ a~tw~d b~r th~ lian of tha
rnorf~pa ,
4. Th~t W in tM ~wnt of any br~ach of thh 1VAortqapt or default on th~ part of the MORTGAGOR. or (b) k? ths wa+t ~ny of wW wms oi money i
henin nf~end a b~ not prompny ~nd iuly paid wirhin thiny (30) daq next afie? the aam~ sev~r~Uy beconw dw and payabl~, vritAout dern~nd a notk:,
or in tM wMt each snd wKy th~ stipulatian, agre~ments. cond'Y~ons and ooven+MS of ~a~d promiuory ~aa +rd th~s morqap~ aey a ~itha an nol ,
i~1y, promptly and fulty pKfonn~d, discMrped, execvtad, effected, compkted, comptied with and ~bided by, thtn in e+thtr or any such ewM th~ said g~ :
prey,st~ sum mNniprd in said promissory not~ the~ rsm~ininD unpaid, with intsrest ~caued, and ~II moneys sa~wad her~by. ~11 bsco~ dw and p~y~ ;
~bl~ forthwitly or thereaha, ~t fhs option of s~id MORTGAGFE, n f~lly ud compl~tel ~a ii all of tM ssid sums of
ro b~ ~d on s~ dsr. anythin9 in s~~d y ~y wen orgin~liy st~putated
said NWRTGAGEE, wirhout nwia w den+and,~ Inv or intaq~rit~r~t~~don~or ~eaf, notwitM~u~d"u+q; ~nd thereupon a thereahN ~t th~ option of
had rn~tured prior b ib Latitvtan. ~9~+r4 may be prosacuted as H aQ mary~ sKwrd Fwnby
7. Th~t in ths went th~t ~t tIK be~tnnng of or ~t ~ny tims pendny aoy suit vpon tha Monpage or ro foreclos~ h, a~o refam t~, o. ro enforo~
peyment o1 any da'am hertunder. s+id MORTGAGEE shall apply to the Cou.t havinp jwisdiction thcreof fa tM ~ppantmenl of ~ Raeiver, svch Covit sh~ll
fo?tFiwith appoint a~eceivs? of ssid mortyayad praperty all aid tinpulu, int(ud~ng sll and sirgutu th~ incwrK. profits, isswt and rsveeuea iroert what~wr
wwc~ deriwd. ~ad~ and ~very of whicl~, if beinp ~xpreuly w~den~ood, is he.cby mo.tgsged u if tpecifically aet fonh ~~d dewibed in tM ~rantinp ~nd
habendwn cls~a~s hsreof, and such Reuiver shall haw ~II the boad and effective functions ~id powers in e~ywise emr~ited by a Caxi b a Receiva. ~nd
such sppointmant shall be m+d~ by wch Covrt as an admitted equity and a rnitte? ~of ~bsdute riyht to ~id MORTGAGEE, and without reference to tF~
adequ~cy a inadepwty of tik wlw of tht prbperry nwrtgag~d or to the wh,ency q;niolvency o~ ssid MORTGAGOR a the defendants, ~nd tMt such
rents, profits„ inoome. iuws snd r~vem~es sMli b~ spplied by svch Receiver sccordirg w the lien or pui'ry of~aid M01tiGAGEE and the paaici of such
Court.
8. To duly, prompty ~nd fvQY P~rfomn, d'~scharpe, exeeute, effect, eomPlete, eomply wish and abid~ by e~ and ewry ths sti btiom,
conditioes and cowMr?n in s~id promisswy note and this mwtysq~ set forth, P~ +~~eeme+NS.
9. TMt in tM ~wnt ths ownership of tM nartgaged premises. or ~ny pxt thereof, beoomes v~ted in a penon other th~n the ~MORTGJ?GOR, th~
MORTGAGEE, in waesswa and suipro, msy, wishout norice to ~he MORTGAOR, deal with 'such wcces:w a waessor in in~erest with refere~ce a this
mwtg~ and the debl hereby setwed 'm tM s~me manner u with Mwtgagor withoul in any wsy vitiatinp p distharp'rg the Mwtyagors' ti~bitity Aer?
under or upon tM debt hereby secvred. No ssle of ~hs premisea hereby nartyaqed and ew fabearano~ on the pan of tM MORT~iA~'aEE a ib wcceswn
w ~u'gm ~nd no exteroion of the Nme fw the payment of the aeb~ he?eby secured yiven by the AApRTGACsfE or its wco~uon or ass;pn~, sh~ll op~r~t~
to rekw. discharp~, rtwdify ch+~ a affect the originrl liab~tity af the 1YIORTGAGOR hereir;, eitha in whole w b put. ~
10. It it specifiully ~greed that time b of the euence of thb contruT ind that no waivar of a~r obliy~tan haeard~r o? p(~tlNr '
u
a;red Iweby shaU ~t any tane there~h~r be hsld to be • wa'rver of the termi hereof or of the irouurtetro secvred herby. '•~i~
11. In add~tion to the forego:ng monthlY paymcnts of princ:pil and interat required by the omi ,•j:
and rees ro with each mont nt an addiriona! tum esfimated Q~ ~"ote secvred ~pytly~
+Q P+Y ro~?~+9~ ~v WY~+x by mo.t to be wl ro 1~14 of~1~1'l~'Y'ii~l~ of ~t~w
'^9t ~ J .:.1 , •9 . .
r' 1,.:
A-NI real ptoperty axes levied p ~ssessed against the above described re~l es~ate. . Q'_ "J ' -
8-Premiuma on firc and winclstorm irnurance as he~ein,requ~red fp be urried as the improvemems sitwte on the abovs'~ y ~
9i9! ~WfMI II1iUfi1lt! if RIW1 s. S~'t ~
C-Premiums on s4d~ mwt ry' 9agee shall from Nme to ri,ne deem fit to nrry on the lomi~ q,., t
Nlorlgagee sh~ll from time to time ~otify mortgagor ;n writirg of the amount due ~rid +
payable on the due date of the next mor?thly psyment and each success~ve month thereafte~ wt b~ suth au~ ~~Al~t~ ~,.~1~,~~
amount. Suth sums sha11 be • ied toward the w "1Of19a9ee shall notify •.~w~;~ t~
PP~ bY ~~9a9K Y+!~~ of rosl P~opertp t~xes, inwranca . prem:vms, and~~nd'q~ ~ewran~I ~ta~rranc~
prem"~ums. ~ ' i ~~ii
IN WiTNE55 WHEREOF, tF?e said MORTGAGOR Ms hereimto set his hand and ses( the da and
y Year fint aforas+id. ~ ~J,. ,
~ bd iwnd eaenos ofs
i on Com an q
By: ' t
. n
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STATE OF FLORIDA ~ COUNTY OF ST. LtK1E '
I HEREBY CERTIFY, That on this~~7 day of Oc ober A.D. 19~,
before me pe~sonalty appeared ~g> > ~~'d ~
respectively Preaident antt 5ecretar~ , of
xRlly Construction Comt~any , a Florida Corporation, to me
known to be the persons desuibed in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said oaporation, and the said instrument is the act and deed of said oorporation.
WlTNESS my hand and offidal seal at Fort Pierce , said aounty a state.
FIl.ED AND RECORDED~ Notary Publit, in and for State nty aforesaid. ~
t.UC~E COUNTY. ~lA. My Commission Expires: //~~9 . ' _
ST. p ERta
~ !E~ . _
RECOR ~~y P,~btk. Stete ~I Flord+ at Lar4e ~c,~~0
Fl0 '
Y•~ Nor. 3.1969 ~ .
. 3 ~ ;y ~~~a c.».~,~ c,., . , - . -
'fi1 OCT 2~ ~ i~ ' . _ ;
; ~ ~ a ~y. ` :
161.231- _ - ` -
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f:0~3ER i`017RA5 = =:~~.b~C, • - .
COUR? ' ~
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