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o ptan a~d con~inuousty k~ep on tM bu4 npa now o~ 1+s.~fi~r ~twa on sad 4~+d .nd on aN tqu~~ aad p~~son~lly cawr~d by ~his na.~ ~
~p~, w~~h ~11 premiu~e th~rwn pa~~ in f~Il, fin intvranc~ in t!v uswl ~~aodard po~~cy fwen, ~n a swn ipprov~d b~ tne MORiGAGEE. ~nd wind~tam
u+sww~c~ h eM wusl s~andard pa:cy fa+n, tn • sw+ approv~d by tM MWt)GJ~GEE: tn wch con~nany or canpani~s a d+~ MORivAGEE may ~
d;r~ and at) (in ind wind~torm inswan~.~ p~licrs oe~ ~ny of sa~d bui~d.np~. airyr ir.f~s~ ~h~r~~n « pKt th~~o/, in th~ ~regar~ svm afwaaid a '
tn uccea therwf. shall cr.nr~i~ dw uswl staedud mor+pa~ davs~ o~ suci+ alw davu as ttw NtorpapN nwY rpvu~s, mak;np rlr los~ vraiN u~d po13~
ci~s. ~ach and ew.y, pats~ w ca.d MORTGAGEE u;n ime.~ may ~pptx. a.id Nch aod erw~y sucA policy thall b~ prunpty asi:pned u,d d~liraed ro
anv hetd by s~id NlpkTGAGEE as fw~ha secwity ro said mortps~e deW, .nd, na I~s~ tMn ten (103 days in advanc~ of tM ~apir+twn ot ~ach poticy, to d~.
Itver to Nid Ma71tiGAGE: • r~ewal tl+erw/. wprrlw~ with a ~ece+pt for tA~ praniwn of wch ru~ew~ls :~d rF~ slull b~ eq f~n oe wie~ds~wm incw~nc~
plapd on ~rcy ct ~aid S~?ildirgs, ~ny ;nte~ea thar~in a pa.t ~Auwf. w+4ss in ~M forn~•ard wi~A ~M bss payaWe as atw~said; and in tM ~vent any w~n
oI nwr~y becon,s~ payable w~dx x,ch policy cr pof~ci~s saio MORTGAGFE shall Iww tM opt~on a rsoeiw a~d apply th~ a+m+ on acrounl 01 t!w ind~beed-
~u ascvred I+~~rJr a a permir s~~d MORIGAGORS ro rec~iw and us~ it or a~y pzn ~hsreof fo. othcr pwposes, w~~hout ~h«eb~ wa~~~.tig a~mpai.. ~
in~ ~,y puity. liaa a~ipht ued~~ w by virtus of thia mort~aps: ~nd in ~he ~vent sa~d MORTGAGORS sMll tw u~y rsaion f~il M keep th~ sa~d p.«++ues so
~~wu.ad, •x i,~t a dalivsr pranptry any of sa+d pc~Ki~s of inw~+o~ w iald MOATGJ?GEE. a fsi! P~~^?P~b ~ MY ~~h? ~Y P~em~wr+ ~he.sta w in any -
rsapsct f~ii b pKtoc~, fi~ch+.9e, e:acv~*. ~ffect, compl~r~, co~npfy w;~h ~nd apid~ by th~s covenanr, a any pa~~ !?K~of, said tWRTGAGEE may plm ~~+d
paY fa sv;h inwanca o~ any put thereof w:.havl w~Nirg a aff~ctinO a~y op?ioe~, li~n, puity. o~ rtpht un~ o~ by vi.tw of this Monp.p~. ~nd the
full amount of sach and ~very sucf~ p~y'wu sh+ll b~ iminediately dw and pyabN ~nd slwll b~w imaKt f~om th~ dat~ therto( unti{ paid ~1 tho ra~s of
nin~ pN cteuvm pa anrwm and tcgethe~ with wcA interett thatl b~ secwed by th~ lisn of this mo~tQ~.
1. To {,vrmit, s~ornndt or wfier no wutw impsir.nent p detaiora~ion of said prapKty or any ~ut fhartof,
S. To pay all and sirg~tar tM tosts, tharpas ~r?d ~xpeecses, includirg a ressonable anomay's fee ud ooari of ~bstracts of titie, incwred a p~id at ~
~ny time by said MQRTGAGEE, p~caus~ w i~ dr swet of tIK failun on tl+~ pah of tF.e s~ic! MORIGAGOR 1o duly. promptly ~nd fvUy pe~fwm, d:schuga '
ex~cvq. ~ft~d. oon+pkt~. oomP1Y wi!h and abkM by ~ach +nd .ve.y tM stipul+tions. ap.ea+~nn. eondi~ions. and oov~w~n of sa~d p.oenissory nor• ,~+d ihu
mc+rtgaQ~ +ey or a~her, and sa7d cest~, chu~ and expar+es. eacF~ and wery. shali be immed~atey dw sn~ payabM: whether w not ther~ b~ nerice ds ~
msnd ane~npt to collsct or wit pendng; and tlw fvll arnarnt of ~sch aed every wch psyment sM~! Er~r in~e?est from tFK dat~ ths•eof vntil paid at the
rate of nin~ pe~ ceniuen per an~iwn; snd all said t6stt, chuQes and expenses intuned p paid, 1ope~het with suth intsr~st, sFwll b~ sscwsd by tM lian of thit
'~D~• i
0. Th~t (a? ~ event of any bresch of tF?is Alortyag~ or dt4ulr on the psrl of the MORTGAGn!@, or (b) in tke ~vent ~ny of ait! suna of moeNy '
herein r~faard to b~ not promptty and fuliy paid wirhin thirty (301 daps next after the same sernalty become due ~nd payable. vm~kow demand w notice.
or (c) in th~ ~wrst each and every the stiputations, agreemenri. cond:~ions ar?d coven~nb of s~~d promissory note ~nd thu mort~ape sny a a~her ar~ not
iuly, promptly ~nd fully perfwm~d, d~xharged, eaecvred, effectcd, completsd, compl~eJ wnh ~nd ab~ded tiy, the~ :n eithe~ or any such ~vsnt the sa~d s~
p.cg,~t~ swn rna+rforrd in ssid promissory note then remaini^9 unP+~d, with intaes~ ~cuued, and all moneys stswed hereoy. sh+ll become d~e tnd WY-
abte for?hwith, a thcreafte~, at tM oprion o1 sa:d MORiGAGEE, ss fvlly ~nd comptetety ~s ii all of the said s~rns of nwney wcre originalty stipuGated
ta be pa;d on svch dsy. a~ything in saFd promissory note p in thFs Mortgage to tlrc comrary notwithsand~g; and thereupon or thereafter ~t Me opdon of
•aid ARORTGAGEE. wirMut not~ce or dem~kl, wil at larv or in equity, therdore w therealter bcgun, :~ay be prosecvted as if dl mw~eys secur~d hereby
had m~n,red p~ar ro in irn~~wrion.
7. Th~t ai the event tM~ at the begin~?ing of or ~t sey rime per~d'rg aay w;t upon th;s Mo.t9age, or ro foreclos: or tu mform i~, :i to enfwu
paymre?t of ~ny dsuns haew+der. s+id MORTGAGEE thall spply to fhe Coun having jw~sdKtan ti+e~eof iw ihe appaotrnent oi o Receiver. svch Cow~ sh+il
Fortliwith appo~nt s rKeivN OF fa~ morfg~ed prppe~fy ~II and singuta?. i+~clud~r•g ~II snd singutu ~he incom'. pofits, issues u~d -'renves from wl?aterer
sowcs dsrired each and every of wh~cM, if beiiy rxpressly underseood. is he.eby mortgages! as if spec7fically xt (or~h aad desciibed in the pranring and
habenduen dauses her~of, and such Rm;rer shall h~ve ~II the broid and effecrive functwns ind powers in anyw~se entrvsted by s Court to a Receiver, u~d
~~ch appoi~tment shall be made by ~uch Court a~ an admitted cqvity and a matter of abwlute right to said MORTGAGEE, u~d without rcfcrence ro the
sdequacy w inadeqwty of the valw of the p.op~vty mongaged or to rhe savency p;nsolvency of said NIQRTGAGOR or the de(endants, and thal such
, rents, profin, i~comc. ~ssues and rewnuet sts~tl b~ appt~ed by suci~ Receivn xcordu+y ro the Iien or eqvity of said 1NpRiGJ1GEE and the practiu of sucA
Cayt-
S. To duly, pranpNy and fully pe?fwm, dscka.ge, execvte. effM, compkte. oomply wi~h and abide by each and every the ttip~lri'~ons„ ~yree~nents.
cu++cGtans and coveeann ~n sa~d p.omissory note u~d this mertgags set fpth.
9. TI»t in r~.e evenr the ownenhip oi rhe mo.rgaQed p.emises, or u,y pa.~ rhereof, becomea ves~ed a pcrson other tban the MORTGAGOR, tha
MORTGAGEE, ib succeuors snd sasiyns, may, w;~hou~ notice to the MORTGAOR, drsl with sucb wcceasw a wccessor in interest with ~eference to this
mori9s~e and the debl hereby aecwed in the tamt manne~ u w~th Mortg~gor w~thout in any w~y vitiat&g or d~xhrrging tke Mortgagors• ti~b;liy frr~.
unvei a upoa the debt l~creby secured. No s~le of tAe ~e.nises hercby mwtgaged and no forbe+ance on the part of ths HIpRTGAGEE w its successon
w ass~gns ~nd no e:rension of tt~e time fw tl+e payment of the c1eb~ hereby secured g~ven 'vy tFK MORTGAGEE a in successors or auigns, shall operat~
ro release, ducharge, mod;Fy charge or affect the orig~nal liab+Gry of rhe MpRTGAGOR here;n, either in whok or in put. .
10. k is spec:ficaUy agreed thst tim~ is of the essence of ~his ror?trsct ~nd that no waiver of any oblgation hereurxler w of the obiigsYan sr
a.red hereb~r shalt at ~ny t~me there~fter be held ro 6e a waiver of the terms hcreof or of the instrwnent secured herby,
11. In add~tion ro the fwegdrg monthlY paYments of princ'P~I ~nd interest requ'ued by the prom:asory nore secured- hereby. mortgsgor covensnts
a+,d ~grees ra pay ro na.~gagee w~rh eacn monrhlr parm.enr an add:riw?~I sum Knma~ed by mwtgagae to be eqwt to 1/12 of the annual cost of the follow-
~~9c
A-AG re~l property taxes kvied or as:essed aga~~st the above describsd real estata
S-Arem~urns on fire and windstorm inwru+ce as herein requ:red to be curied on the imp~oveme~:th s~ru~t,~ on the above deur+bed prcmius,
C-Premiums on sutb mptgaqe 9w!anty insura•~ce as mortgsgee sFull fran Gmc ro time deem ~it ro• csrry oR the loan secured hereby.
Nlortgsgee shall irom Nme to time rat~fy mort~agor ;n writ~rg of the arnount due and payabk nerew~der and s~ch wm shall therevpon be due and
paY+bk w~ the duc d.ste of TF~e neat monthly payment and exh svccessive ~th thereafter ur.tit mortg~gee shatl ratify mortgagor of a change in wch
amount. Sucb sums shal) be applird by mortgagee toward the payment of real property taac:, inwrance prem.ums, a~id mortg~ge guannty insu~~nce
prrmitwnt.
IN WITPiE55 1NHEREOF, the said N~ORTG~GOR has here~rneo xt his hand u+d seat the day ~nd yeu first aforeaaid. ~~y
~ s°?~~. ad :i7•~a ~ ~f: r'reedom Yacht ~f?5~~4~25.
~(,w/~~
_ .~,n :
By: pr•P,~~ ;
~ttest: y~,p
sra1E OF FLORIDA ~ ~ a ~ R ,
OUNTY OF
I NEREBY CERTIFY, That on thi day of October , q p 67 ~ ~
before_me personaily appeared - A. F. Stepilen ~ a~ _ Rayrnond it. ~urtin
respectively President snd Seuetary , of ~
=~ree3om Yacht f~VQ~X~C Ce~aar ~ a ~'lorida Corporation, to me
known b be the persons deuribed in and who exeauted the foregoing instrumenf, and severally acknowledg@d:H~e ex~
c~~tion the~eof to be their free act and deed as such officers for the uses and purposes iherein meMioned;:'~rld,,'~at
t~~~~~~"~
affixed thereto the official seat of said corporation, and the said instrument i; the ad and deed of 3ai~l.=cw~acation. -
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WITNESS my hanc~ and official sea) at fi~~ ~ , said county and state. .
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FILED AND RECORDEQ~ _ Notary Public, in and r State and Covnty a#o'tes ~
ST. LUCIE COUNTY. F~-~?• My Commission Expir~ ~~~fet~'r: i+,;, ~r
RECORD `~IERIFIEO 3 ~
1615~ . . _ _ . 3, ~9~~.
, ~ ~ 9 : 47 ~i~~ ~
61 ~1GV
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~OGE~t POITRAS .
c~; R?c c?ac~!T couRlr~. a0a~1~1V~ PJI~ ~
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