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To plau and oontinuovdY kNP a? tM buildinps now a her~+fta sitwt~ oo iaid i~nd and on all equtpm~et u~d penon~lly cownd by N?is nwnp~
qR, with all pnmiur~ tM~on p~id in fu14 fin insurux~ in ~h~ uswl standud poticy fwm, ~n a iue? approwd by tM MORTGAGEE, ~nd wind~tonn
i~xana in ~M ~wal standard pol~cy fam, in a ium +pproved by tM MORTGAGEE. in wch canp~+y o? canp+~i~s ~s tM MORTGAGEE may
dinclJ ~nd dl tin w?d win~torm inw~ann policies on any o1 taid buiWinps, ~ny inM«st tlwr~in or p~rt thu~of, in th~ a~qreQ~~~ swn aforaaW o~
In uccas thenef, tMll contain dw wwl iundxd mortqa~ claus~ a i~ch o~Mr cla~s~ a tM Matpa~ maY rpuk~. m+lM~O tM lou un~ said po1E
ws, ~ach a~d ~wry. paYabi~ b ~aid MORTGAGEE ~s its interest may apppr. ~nd s+ch ~nd ~very iuch poticy aMil bt p~omptly asi:~ned and delivK~d ro
~ny MW by said MORTGAGEE ~t furthN Ntv~i~ to wid matp~ debt. sod, not ka ~Mn t~n (10) dap i~+ ad~~ of IM ~xpksYan of ~ad~ polity. to da
livN to s+id MORTGAGEE • rMew~l thK~of, to~~h~r with • nuipt fa tM pr~nivm of s~reh ne?~waij a~.d ther~ ~F+all b~ ao fk~ w wtndsfOrm insw~ne~
plapd on ~ny of said 6~11dirgs. any ietMat Nw.~in or pan tMnof, unl~ in tM fo.m' and wi~h tht loss pay~blt as afuti+ids snd in tM ~va+t aey wn+
of mw,~y baco,,,es p~yaW~ w~~ wcl, pelky a polici~s said MORTGAGEE sMll haw tM op~ion ro ncsiw •nd apply tM w+w on aaa,r?~ 01 ~M indebr.d~
nps Ncund F~~by a w pKmit wid MORTCsAGORS ro rcuiw and us~ N a any part tMreof fa other pu~poses, without thxeb~ waivi~g w impair
Inp any puity, li~a a ripht widu or b~r vtrtw of this morty+pe~ and in tM ~wnt w~d MORTGAGORS sh~lt fa any nason fsil to kKp ~M ~+id pr~nisa so
insund, a faU b d~liva pomptly a+y of said poliei~s of i~wnew fo said MORTGAGEE, w fail promptly ~ ~_y ~r!!y sny prqnwm the«fw ar in u~y
r~ip~ct fail b pufonn, d'wch+?ye. ~x~cut~, ~fhct. eompl~t~. comply with ud abid~ b~r this cw•e+unt, a any p~rt hN~of. said MORTGAGEE en~y pl~a and
paY fw wch irnwanw a~ny put tMreof without walvinp a~ffea&g +ny optioo. lia+. ~quitlr. a right under or by viNw of this Mortqap~. ~nd tM
fvll ~mwmt of e~th and ~wry wch paYnwm ah+ll b~ i~r~rned'wt~ly dw and piy~ble ~nd ah+ll btar in`ttest from th~ dab tMrwf until paid N tM rau ot
niM pK au~tven pK ~newm ~rd tops~hsr with weA intenst sh~ll b~ s~ew~d Mr tiN i'~ af this matp+pe.
4. To pamlt. oommit a suffer no w~st~. G~krns~t ar det~rior~tan of ssid propKty w ~ny psrt ?F~eroof•
S. TQ psy ~II ~nd sinpular ths.coan, ch~rq~s a+~d ~xpe+?ses, includirg s rtssonable ~no.ney i iee ~nd oosts of absnxts of titl~, incun~d or paid st
~ny tirn~ by said MORTGAGEE. b~caus~ or ii+ th~ ~wnt of the fsiluro on tM pan of tM said MORTGAGOR to duly, prompty and fv11Y psrfwm. di~cMr~
~xecvt~, ~ff~cf, oomplst~, comply with and ab~de by sach ai+d ~very tM stip~lations, ayreert~ents, conditio~s, snd aownants of said pomiuory not~ and thu
maty~p~ aMr a eithsr. and sa~d oosn. d~u~es and expenses, eac)+ and every, shall b~ iminediatsly dw ~nd payabk: wMthN o~ not tha~ b~ notici dr
mK~d, ~tt~mpt to oolNct or wit p~edirg: u~d tM full ~mo~ot of ~sih and wery wch p~ymsM sMll bea~ interest from the dat~ the~eof uMil paid N the
rate of ~ins per es~tum per annum; +od all said cdits, cMr~a and expsnses intvrred or paid, topetMr wE~h wch iettnaf. sh+ll b~ s~twed by tM IiM of th+a
^~+D~-
6, ih~t in tM twnt of ~ny brcach of tha Matyapt w default on ths part o/ th~ MORTCsAGOR, a(b) in tM ~wnt u~y of s+~d sums of nwn~r
henin r~fernd ro b~ not promptly and folly pid w~thin thirty (30) days next ~fter ~he same sevaralty become due and pay~W~, without ds~n~nd or notice. `
or h th~ ~wep each snd ~wry th~ stipulationa„ preemenn, conditiau and coven~n» of s+~d promis~wy not~ and this monpa~~ any a sithar an no1 ~
iuly, prompdy and fully pe~fwmed, d'~scMr~ed, execvted, ~ffected, comp:~ted, complied with a~d +b~ded by, th~n in either or any iuch fvM~ tIN Nid ~
pre~t~ wm mtntion~d in s+id promissory not~ then remainirg unpaid. with intaest +cvwd, and atl mt~~eys sacwed hereby, sMll b~can~ dw ~nd pay- s
~bl~ fwthwith, 01 tMfNNN, ~t th~ option of said MORTGAGEE, u f~lly ud compktely u if all of tl+e said wms of moewy were wq~nally itipulated
to b~ paid on wch dsy. anythirg in sa7d p?aniuory rwte w in tha AI1wt~~ye to the ca?trsry notwithst~nding: and the+eupon a there~her ~t tM option of
uid MORTGAGEE, without ootiu w d~mand, wi1 at laa w In puiy~ 1F1l~tfOfQ Of 1F1NNfTN begun, may be prosecvted as if all morwy: s~cured hereby
had matw~d ptior fo iri ieutitution. ~
, 7. T!?~t in tM wee+t tMt at the beyinn~np of or ~t ~ny time pendirg ~oy wit upon this Mortg~e, w to foreclose it, w to roforen it, a to enforq
,zayment of ~ny da'~ms he?evnder, said MORTGAGEE sMll ~pply to the Court I+~viny jurisdittion thereof fw tM appomtment of a Receiver, wch Couit sl+~Il
Eortliwith appoint s receiver of said matga9ed property all u~d siegvlu, intlud~ng all and singulsr th~ intome, pro}in, issuts and revenues from whatevet
souru derived, e~th and svery of which, i~ beinp expreuty u~derstood. is hereby mortgagcd a~ if spec;fiully sN forth and described in the ~antinp ~nd ~
hab~ndum clauses Aercof, and such Reuiva shall hsve sU th~ broad and eNective fund~ons and powen in anywise entrusted by a Court to a Receiver, and i
such appointment shs11 be made by wch Court ~s an ~dmitted equity ~nd s matter of absolute right to s+id MORTGAGEE, u~d without reference to tM
adeQuxy or insdeqwcy of tM v~tw of the pbpaty mwtgs9ed w to the wnrency or inwlvency of said MOP.iGAGOR a the d~f~ndann, and that such :
ranrs, profits, incane, issues and reverwes ahsll be applied by such Receiver +ccord~np to the lien w eq~~ity of said MORTGAGEE and th~ practiu of s~ch
Court. `
8. To dvly. p~anpNy and fully perform, d'ncharge, execwe, effect, compkte, comply with and ~bide by esch and every the stipulations syree.nenb,
conditions and covenants in said promiuwy not~ and this mwtga~e set fwth. '
9. Thst in tM event tF~e ownership of the mortgaged premises, or any part thereof, becanes vested In a persbn other than the MORTGAGOR, ths ~
MORTGAGEE, its wcceuon and assigns, m+y, without ratice to the MORTGAOR, deal with such succeuor w wccessw i~ interest with reference to this ~
mortgape and the debt hereby secured in the same manner as with Mwtyagor witlww in any way vitiating or discha~ginp the Mortgagors' liability htre- j
under w upon the debt hereby secu~ed. No s~le oi the premises hereby mortysged ~nd no fubesrance on the part of the MORTGAGEE or its successws ~
w auigrq u?d no extcinion of the time for the psyment of the ~ebt hareby ucured yiven by the AhORTGAGEE w in succeuors or ~uigia, shall operate
n ~
~o relea~. disclwr~e, modify chaoge a affect tM wiginal liabil~ty of the MORTGAGOR herein, either in whole w in psrt. ;
,
10. It is spetifically agreed that time is of the~ essence of this contwd ~nd thst no w~iver of any obligation hereunder or of the obliyation se- ~
n.r~d hereby shall ~t any time thereaher be held to be a waiver of the terms hcreof or of the inttrument secured herby.
11. In add~tion to the forego:ng month~y payments of prioc:p~l and interest required by the p?omissery nore secured hereby~ morlgsgor coven~nts ~
and agrees to pay ro mongagee with esch monehly payment an additional sum estimsted by mortgagee to be eqwl to 1/12 of the annual cost of the follow- }
~
ing: -
A-All reat property taxes levied w assessed agsinst the sbove described real estate. -
B-Premivms on ii.e and windstotm inwrance as herei~ requ~red fo be urried on the improvementt situate on the above dest?ibed premises.
C-Premiums on such mwtgsge gwranty insurar~ce as mortgsgee sha11 from time to time deem fit to carry on the ban secured he~eby.
Mwtgagee shall from time to time notify mortgsgor in writirg of the amouM due and payable hereunder ~nd such sum shall thereupon be due and
i payabl~ on the due date of the nexf monthly payment and each s~rctessive month thereafter u~til mortgsgee sh~ll notify mortgago? of a change in wch
amount. Such sums shall be spplied by mwt9a9ee toward 1he payment of real property taxes, inwrsnce prem:oms, and mo?tga~e guaranty insurance
premiwni. ' ~
~ IN WITNESS VYHfREOF, t sa MORTGAGOR has hereunto ut his hand and seal the day snd year first aforassid. ~
~ I~d and dsliwr tM p~~seac~ of: ~ -
L~1t.L~ ~ i
6 , - • ~ ~
~
~ n--n ;
E • ~
~ K--n
~ STATE OF FIORIDA •
S.~int Lucie ~ ~
~ couHrir oF ,
~ ~ ~„~d htaltby r . i:atkins
Ge [L~: atkins his wife, to me well known and known to me to b~
th~ Individwb d~scribed n and who ~x~cuted foreyoirg instru+nnt, and acknowled~ed befwe me tMt tMy ~aewted tM sarn~ for tM purpases
~ r?~nt~ .~....d. ~,a ~t~. w~d Gen~iatkins
~ w~~~ ot the wid rialtby r. ~7dtklrls ~ ~te ~nd ~vat~
~ uP+~ P~
~ e,~enin~tion by me tak~n s~parat~ ~nd apsn from he~ said iw»b~nd. ~cknowl~dped to ~nd befa~ ms that sM execvt~d said irotnwne~t fnely Md volw~-
r~rily ~nd without ~ryr compukion, cauhaint, appr~her~s~ or fear of or f~an har ~arCh ' 68
~ WITNESS my ha~d N+d official ~wl thi~ d~y of A. 19 ;
~ ~
t Notsry u K i~ ~~d for t Stat~ of florid~ ~t tarp~
i My asion exp'aa: ~•y - L. 7/
s- RNwn Ta.
~ F'ua F.d..~l s+rlnps a toan lluociaroon • - c Siate oi Horida at Luqt
OI fo~t P~erce. E7I~IIlS 6. ~7(¦
.7~(:' . .A~ ~G~~C.lSS10t1
f«~ Ptace. c?o.id, - b.a.e a ~w a Gwdr Sar '
~ ~ ~ • ~~i
~ , i.
. ~ ~ • = FILEO AND RECOROED'
--1~ '.r - ST. LUCIF rQU~;TY. FLA.
~ _ ~ ~ _ . ~ _ - . _
~ trument prepa~ed by r' ~ e~ ~ _ ~165621
~ This ins , . = - _ ~
~ first federal ~~P etcean . _ ~ 'b8 t~~:R 28 P~I ~Z : 29
ot fort , a~-*~-`-L~
:
~J S-~'~ , : i
T. Urisco ~ ~ '~~Ew,ti:• !
B~ - o~K 171 ~ 344 ~ ~ . , . : , a ~ .
CL~KY. ~C~RCL'~j COURT ck
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~ _ _ - _ ~X y~ X.X.
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