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To plau ~nd confinuously kNp o~ t!» buildinp~ ~ow a h~r~aftK situ~f~ on said lu~d and on ~II equipmeot u~d pKSOn~tly covaed by thti mon~ ~
p~. with dl p~miuow tMrwn ps~d ln fuq, fin insw~nc~ in the uswl ~uodard policy fwm, ~n • suM approwd by /M ~~RTGAGEE. ~od wFnd~torm
tnwranc~ tn t!w usuaf standard policy tany In a avm app?owd by ~M MORTGAGEE; in wch comp~ny a compani~s a tM MORTGAGEE n+ay j
dinct~ and ~li fk~ ~nd wi~~orm inwr~ncs polkie~ on ~ny of s~id bvitd~nps. ~ny tniK~st th~nin w put ther~of, M th~ ap9rp~t~ wm ~for~said or ;
in ~xpa d~~of, shall conqin tM usval itudxd mortp~ davs~ a such o~hN davs~ a tM Mo?tpapt~ may nqu'u~, m~4inp tM loss und~. said poli~ '
cta. ~ach ~nd wky. P+Yabl~ to uid MORTG/?GEE is ib im~rsst maY ~PPeu. s~+d each u+d ~very sucl? policy ~hall be p?anprly us:yned ~nd dNlvK~d to
any Mld by said MORTGI?GEE u fwtha acv~ity ro s~W maty~ d~W, aod. ~wt I~u than 1M (1~ day~ in ~dvana oi tl+~ ~xptr~tan of ~ach policy, to d~-
t~wa to s~W MORTGAGfE a r~newal tl+enoi, topt~ha with ~ rece~pt fot tM p~nmlum of wch ~~w+l= uw! tMr~ sh~l) b~ no fin or windt~am inswanc~
ptapd on ~ny of ~aid buiWinps. a+y Interqt tMr~in or psn Il+wwf, unleu In th~ fam'and with the loss p~yabl~ ~s ~fw~saidj uid in th~ ~wnt any awn
of mwwy becomn p~yabt~ undK wch potky a poficies t~id MORTGAGEE shall haw rM option ro r~oeiw and ,pp1y rM sxn~ o~ aaount o~ tM G+d~bted~
ness aau~d M.~Mr a a o~imit said MOkTG/1GOR5 ro nceiw snd us~ it o~ ~~y pa.t thereof fa other purpwei, w;lhout fhereb~ waivin~ w impa;r-
iRQ M~y pY't1y, li~ or riqht unde~ ot by vlrtw of this rnortyp~t ~eid in tM ~wtu aKi iNOKiGinuvRS siNU itli i~ir iii'sCw~ iiii iv' wvGjr '..w «::C~. ~..'Q::7-~~5
iruured or faN w delive~ por»ptly any of aaid pol'~cies of i~sunrw ro s+id MORTGAGEE, u f~il promptly to pay fully ~ny pr~mium therefo~ w in u~y ~
respM bil b p~rfocn~, diichu~e, exacut~. ~ff~d. compl~M, aomply with and abid~ by this covenant, a any part hKeof, ~aid MORTGAGEE m+y plaoe and
Wv kawarc~ o~ ~ny put th~reof withwt w~fvinp or ~ff~dinp anY option, IiM. ~qvity, or ripht undK or by vi~tue of this Mortq~. aod tM
full ~enovnl of ~ath snd wKy wch p~ymeef sh~ll b~ immedi~t~ly dw and p~y~bl~ ~nd sMll be+r interesf ftom t!N d~t~ theteol until p~id M th~ a» ol
n~r~ p~. cenhrm pa anrwm ~nd tope~hs. wi~h wd~ intaest shsll be secwed by tM liee~of this mortpape. •
1. To pwn+it, oortm+lt ar wffa no wut~, impaument o? deteriontip~ of s~id propKty ar arey part theroof.
S. to p+y all ~nd sa+pular the•oost~„ cha~a and txpena~s, tncludiny a reasonabls sttwnay'~ fee and owts of abstrscn of title, incwred or p~id at
eny tLr» bp ~aid MORTGAGE~, bec~us! w in the eveat of the failure o~ ths put of tM said MORTGAGOR to duly, promFely ~nd fully pe~(otm, dixMr9R
szecvte, ~ffsct. oompl~t~, eomply with and abide by ~ach ~nd every the stipulations, ~yreements, co~d;tiora. and aovenanb of iaid p.omi:sory not~ and t!w
mwtpaps any a a~Mr. ~nd s~id costt, chupa and exPerres. each and every, sh~ll be immedi~tely due snd payabl~: whetM~ a not ther~ be eoHCe de~
n++nd. ~tMmp~ to oollect a wit pN+~fie~y: and ths (vll arrwvnt of esch and every wch psymenl iha11 bear interest from the date thereof until paid at th~
rate oi nins per oenwm per annumj and all :aid obs», cFwges and expentes kKVrred w paid, topatMr with uKh u+tsr~st, ~hsll b~ ascwed by t!n lien of thi~ '
morfp~. ~ i
S. 1'h~t in th~ ewnt of ~ny breach of this Mortyap~ w d~favlt on the pa~f of ths MpRTGAGOR, or (b) in tM svent ~ny of sa~d swns of mon~y
herein nfan~d ro be no1 p?o~pty and fully paid wirhin thirty (3pJ d~ys next after ~hs aame sevaally become due and payabl~ without demand a notice. ;
or in th~ ewrp each and evKy tl+~ stipul~tions, sgr~emenn, conditions snd cown~nn of said promiuwy note and th~s mortg~pe any or either an no1 r
iuly, promptly ud fully p~rforrmd, dischar~ed, executed, effected, completed, complied with and ab~dcd by, then in either or arryr svcA ewnf tFK aaid ap- ~
preg~t~ w~n m~ntiornd In said promissory note then remai~in9 unpaid, with im~rest acuued, a~d aU,~~x~eys secured hereby. shall become dw a~d p~y- ~
abfe forthwith, or thertshar, at the option of said MORT6AGEE, u fvlly a~d completely as if all of ~ the wid ":wns of money wero p;y;nally atip~lated
to be paid on iuch dsy, a~ything in seid prom;ssory eote a in tha AAorty~ge to the cont~ary notwithstanding; and therevpon or theresfter at tM option of
said MORiGAGEE, withoul notice or dem~nd, wil at la~r or in equity, therefwe or tF~ve~fier beg~n; may be praecuted a if all moneys sacvrec hereby
had matwed orior to its instifution,
7. That in th~ eveat tl?it st the begiro?ing of or at sny time pending aoy suit vpore thia AAortgsge p to faeslose H, or to roform it, or to enfwc~ ~
payment of ~ny cla'Nns hereunder, said MORTGAGEE shall apply to the Court having jurisdiciron thereof fw 1he appantme~t of a Recciver, such Covit shsll ~
FatFiwith ~ppoint a reteiver of wid mort9iged property all and singulsr. includ~ng all snd singular the irxome, profits, iuues ~nd reve~ues from wharever
wurce daived. each and every of which, it being exp~euly undentood, is hercby matgaged as if specifically tet fwth ~nd desnibed in the yranting and ~
habendwn clauses hereof, and such Receiver shsll Mve all the brwd and effective funct~ons and po~rers in ~oywise entrusted by a Court to a Reteiver, and
•uch sppoi~tment shatl be msde by wch towt as an admirted eqvity and a mstrer of absolute rgM ro said N1pRTGAGEEi and without reference to the
adequ~cy p inadpvacy of 1M value of the prbperty mortgaged or to the wtvency or insolvency of• said MORTGAGOR a the defendann, and thaT such
rems, profin, income, iuues and revenues s!?all be, applied by such Receiver accord~n9 to the lien w eqvity of said MORTGAGEf end the practios of sucA
CovA. ' . -
8. To duly. P?anPNY and fvly pe?form, dischargr. execute, eftect, cwr~pkte. oomply with ant~ abide by e+ch and ~ve'ry ths stipulations, apreemenq,
condifana arw! oovenann in said promissory note and ehis mortgaye aet f«th. . . , .
9. ihat in ths ~vent the ownership of tf+e morty~qed pram;iea. or ~ny part ttxrcof, beoomes vested tn~s-penon othar fha+ the MORTGAC~OR, th~
MORTGAGEE, iy wccessors ~nd ~u;grts, nnay, r„i~hou~ r~~Ke to the MORTGAOR, deal with :uch succeuw o? successbr in interes~ with ~efcrence ro thi~
mortQpe and the debl hercby setured 'm the sart~e msnner u with Mo?tyagor withovt ir~ any way vitiating a dischstging the Mortysgpri liability hera- ~
u^der e? uPw+ ?he debt I+ereby secured. N~ sale of the primix~ he~ebY r++~+~8+4~ a+id ns+ fo+be+rsnce oo !he p~rt of tAe MORTGAGEE w in successon
or auigr?s an~ no extension of the time Ew the paymem of the dcb~ hereby secured given by ihe MORTGAGEE w its s~cceuon or auiqns, shall operaq ,
~o reieae, oSisc}rry~, modify tF?ange or affect tfis origfryl liability of t!u ANpRTGAGOR (ierein, either -iA whole or in pur. '
T0. It ~S spedfically agreed that time is of the esyence of this cont~act and that rw~waiver of any pbligation~ herew~der a of the obllyation se-
cured hereby ~hall at ~ny time tF~ereafier be held to be ~ waiwr of the terms hereof or of the instr~mem ~ecured herby. ~
11.=1n addition to the forego:ng mp?thfy psyments of princ:p~l ard intercst rpuired by ths promiuory~no~e secured hereby.'matpagor cpvenants
and ~g~ees to pay to mortgsgee w;th ead+ monrhty payment an add~rionsl sum est~mated by mortgagee to be eq~al ro t/12 of the annua! cost af the follow-
+ng: . .
A-All real proplrty taxes kvied o? assessed against the abo~ described rea) estate. ~ .
B-Premiums o~ {ire snd windstorm insurance as harein req~;red to be carried on the improvemenri situate on the above desuibet! promises,
C-Premiums on s4th mortgsge guarmty insuranoe as mortgagee shsU from tGme to~ time deem f;t ro carry on fbe b/n fecixed hereby.
Matgspee shsll from fime to time notify mortgagc?r in writing of tFx amount dus and payable herevndor and such wm shall thereiipon be due and ~
paysbls on tFk due date of the next 'nonthly paymem and each successive month thercafter until morrgagee shall notify mortgagw of a change in such
amount. Such sums siull be applied by mortgagee toward the payment of real propeny taxes, inwnixe prem:um~, and nart$~gs Quaranty inwnnce
premiurt~s.
IN WITNESS WNEREOF, the ' MORTGAGOR has hereunta set his hand u~d seal the day a fint ~for id.
~ d. I~d liver esence of:
~
•n
n
57ATE Of flOttlOA ~ :
COUNTY OF - St. L11C~~ '
t
Befo?t me p~rson~lly appeared F'1'92Ljcl Vll B~ OL~'t t
s}'~ a B~ Oililt _ his wife, to me well known and known to me to b~
the individwb described in and who executed the foregoirg i~strument, and stknowledged before me that they exec~ted tha same fw tt~e purposes
therein expressed. Md the sa~d srb~ra BlOlri]t
wife ot th~ ~sid Franlelvn $lOtlflt vpon a sep~rate snd priv~t~
exsm'uwtion by rr~ taken separate and apa~t from her said Fwsb~nd, ~ctcno,,,ded~ed fo end befwe me that she executed said imtrunem freely and votuo-
rarily and withovt any compuw;on, cautraiM, appreh~naion, or~u of or from I~a? said husband. .
i~ .
WITNESS my Mnd ~nd official teal thi day of Ir1~ A. D. 19 68 t
€
" . • ~ - ~ ~ ~
, ~~ViYi; fVNM1 N• ~i~y y~ J IC ~~M~y~ ~j yj~
. . _ Mr cw,+m~ssion expire.: ~~.j~y ~
Raturri To: ~ ! ' • .
Firsf Fetler~) Savinps 3 Loan /lssociation ~ ~ • .
of F°`' P~"`°. FILEfl AND RECOR~_ Pu~Gc, State at Flon~ st l~rge - :
fo.r P~t.~. F~o~~da ~ Con~mission Expues No.. 3. 1969
ST. LUCIE COUNTY. FL .
/o~d~d ~r I?Mr~cia i~n 3 G+~~ Go4 i;~^':
- • RECORQ VERI~IE~ ~ •
~ - .t~-.
16`?'46~.~ ~ = ~ ~ :4,~
, : r~ .
TII ~68 1'WI L7 !~1 ~Q • 1~ • % n~,r C~ --•4 c ~
is instrument pre
pa~~ ~ 1~=-~ ' ~ = ~ ' ` .
first ~e~ Y ` - • ~
raI Sav. R Assn. .
Ec LOd ROG~ r~ i'OITRAS "~J~~'U.
fott pier~e CLERK CIRCUIT COURT ; -
By • .
BOOK ~ PAGE 224 . r
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x F_ - _ - • . - - - - ~ -
~ Fry~