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to plao~ u~d contirwiovsly k~ep on tM buildings now or haeafter sitw» on said land a~+d on all equipn~ot aod p~?wn~lly covK~d by thts matp~
ap~, with all praniur•4 ther~on pa7d in full, fire iiuuranw in ~he ~iwl a~u+dard policy form. rn a swn spprowd by /M MORTGAGEE. and windNorm
trqwanu tn ih~ vawl srandard poiicy farti, in a sum approv~d by tM MORTGAGEE; in wch company a tomp+niq a tF~ MORTGAGEE nay
dinct~ ~nd ~II fk~ ~nd wi~wrm insvr~rw~ policies on any of wid buildi~ps, any iot~nst tMr~in or p+rt thereof, ie tM ~prpat~ swn aior~safd a
in ucaa thKwf, tMll contain tM uswl sandud a?ortpa~N tis~te o? svth otMr claus~ u tFN Morfya~e~ m~y rpuir~. ~n+kG+p tM ioss v~de~ s+id pdb
~{u, tach ~nd ~vKy. paY~bl~ ro aid MORTGAGEE as its i~te~est may apptar, ~nd ~sch u+d ~very such policy ~MII b~ promptly qs:~md and el~IivK~d fo t
any MW by s+W 1NORTGAGEE ~s fwther s~curity ro a~id mat~ape debt. and. not ku ~Mo t~n (1~ days te ~dvana of the sxpkation of ~ad~ policy, to da
liwr W aid MORTGAGEE • r~e+~wal tl+~reof, to~ethsr with a rcceipt fw ths premium of such ~enew~lj and thert sMll b~ no fue or windstam inswanc~
pla~d an ~ny of wid buitdiegs. ~ny interat thar~ie w p+N thKwf, valess in ~M fo~m'~nd with tlw loss paysbk u ~Fa~s+idt +~d ~ tM ~wi+t ~ny swn
of morwy batane~ WYaW~ ue~r wch politY w Oolici~s said MORiGAGEE sball h~w tM option 1o racaiw ud ~pply tM s~m~ on acoow~t o1 th~ tnd~bted~
nys s~cvnd h~nby or q pKmit s+id MORTGAGORS ro reteiw ~nd u~ it a any part thereof fw other purposes, without thaebr w+ivin~ or imPai~-
~^o ~^Y ~~b. ~i~n w ripht w+der a br virtw of this mortyaq~t u+d in th~ ~veM a~id MORTGAGORS sMll fa sey ~~asa+ fsil to keep tM s~W pnenise~ io
insund, o~ fatl b deliver promptly ~m of said policies of i~wnrxs ro said MORTCsAGEE, a fail promptly fo pay tu~ly any pr~mium tha~for a ln any ~
resp~ct fail b pKforen, discMr~, ~xawt~, ~fhst, eompbt~. oomply with and ibid~ by tbis eoven+nt, a ~ny pan henof, s+id MORTGAGEE m+y plsc~ and ~
p~Y for wch irquaew~ or uhr puf tMreoi wiN+oirt w~lviny w affectinp any optiay lieo. aq~~ty. or rght uedsr or by virtw of thi~ Mat~+pe. and the
fvll ~mowN of ~sd~ and rwry wch p+Ym~nt s~++tl bs inrned'whly dw and pyabts and ahsll bear int~res: from th~ d~t~ Miereof votil paid « tM rat~ of
nirw pa pntum p~r ~nnum ~nd toyether with sucA intaest shall bs secured by tM lien of this mwt~~e.
1. To p~rmit, aanenit or wffa no wut~ imp+kment or detaioratan of said properry o? anY part thenof•
S. To p~y all ~+d sinpulsr tM tan, cMrpea +~d expeeses, includirg a reasonable attwney's fes snd coib of absnacts of title, incun~d o? p~id +t
any tim~ by aid MORTGAGfE, b~caus~ or in the ~veet of ths failuro on the p+n of tM sakJ MORTGAGaR to du1y, promptly and fvlly pe~form, d~scha~~
execvt~, ~ffad, oomplet~, comply with and ~bide by ~ach ~nd every tM sY~pulations, agreements, conditiaa. ~nd coven+n» of uid promiswry not~ ~nd tha
mortyp~ ~ny o? ~i~ha, and ~sid tosM, chupes and ezpen~es, each ~nd every, thatl be immediately dw ~nd p+y+ble: whet!?~r w not M~re b~ notici d~
mand. ~tt~mpt to collect or a~it pMdirg; u~d tM full amo~nt of each and avery wch parment shall bear inrerest from the d+te thenof unril psid at the
~ate nf niM pe? centum per annum; and all said tbits, chuQes and expenses incwred w p~id. Iop~ther with suth intsnst, thall b~ aetured by tM li~n of thi~
e. That W ln tM ~vent of any brcach of this Monya~ or dafwtt on the part of ths MORTGAGOR, or (b) in tM event s~y of tsid su~ns of nan~y
h~rc4~ r~fernd to b~ not pr«nptly and fully p~id within thirty (30) days next after the same severally become due ae~d payabk. without d~m+nd or notice.
or (c) te tM ~vMt ~ach sad ewry the itipulatiora, sgreements, conditions and toven+nn of ss~d promiuory rate ~nd th~s morlp+pe anlr a either aro no1
i~ly, pranptly ~nd fvlty performed, d~xharged, executed, effected, compkted, complied with and abided by. then in either or any such ~vent the s+id ap~
pre~t~ wm m~ntiaw~! in said pranissary note then remaininp unpai~ with interest scuuad. and all moneys setured hereby. sMll beaome dw ~nd pay-
able fwthwitly w thareafter, at tFK option of ssid MORTGAGEE, as fully and completely ss if all of the said wms of money wero oriqinally stipubted ~
to be paid on ivch d~y. a~ythirg in sa~d p?omiuory ~+ote or in this Mortgage to the contrary notwithstanding; snd thereupon w thereaher at the option of
said MORTGAGEE, without ~wtiu or demaod, wit at law w in equity~ 1F1lftFOfQ Ot TIIQfNftN begun, msy be prosacuted as if all moneys s~cur~d hereby
had m~twld prior to iri institution.
7. TMt in tM event tlHt st the begin~ing of w at any time pending soy suit upon this Mwtgage, or ro faec~ose h, or to refom+ it, w to enfo?a~
psyment of sny daims I+ereunder, said MORTGAGEE shall apply to the Court having jurisditlioe~ thereof for the +ppo~ntment of a Receive?, such Cov~t shall
fwtliwith appoint ~~euiva of said mortgaged property all snd sirg~tar, includ~~g all and singular the income, profits, iu~es snd revenues from wMt~ver
w~rct d~riwd, eath and ev~ry of which, it beinp txp?essly undrrstood, is hereby mortgaged ss if :peciiiully set fwth snd destribed in the yrantirg and
haba~dum tla~ses hereof, ~nd such Reaive~ shall have all the broad and effective funct~ons a~d powcn io anywise emrusted by s Court fo a Raceiver, ~nd ~
wch sppointment shall be made by such Court as an admit~ed equity +nd a matter of absolWe r'igfit to wid NIORTGAGEE, and without roference to the ~
~dequscy w in+dequacy of the vslve of the prbp~rry mortgsged w to the sonrency w i~solvency of said MORTGAGOR a the defendants, and that such
renb, profits, income, iuves aod revenues shall bs applied by such Receiver xcwdiny to the lien w equity of said N?ORTGAGEE and the pradice of such
Covrf.
8. To duly, promptly and f~lly pe?fo?m, dixharge, exetute, effect, complete, comply with abide by each and every the slipvlations, sgreements,
conditio~a arw! covenanrs in said promissory note and this mortga9e set forth.
9. Th~t in the event the ownenl?ip of the mortgsged premises, w any parf thereof, becomes vested in a perfon other fhan ihe MORTGAGOR, the
MORTGACaEE, its successas and auiyru, may, witho~t ~otite fo the MORTGAOR, dtsl with such wtceuor or successor in interesf with referente to this
mort~sp~ and tl+e debt hereby secwed in the same ma~ner as with Mwtgagw without in any way vitiatinp w discharging the h:wtpagori liability here~
under or vpon the debt hereby secured. No sale of the premises hereby mortgaged and no forbear~nce on the part of the MORTGAGEE or its successws
w assig?~s and no extemion of the time for the psyment of the debt hereby secured given by the MORTGAGEE w its successors or auegns, ~hall operate
to nleas~, disch~rye, modify th+~ge w affect the original Iiab~l~ty of the MORTGAGOR herein, either in whole w in put.
10. It is specifically agreed that time is of the esscnce of fhis contract and thst no waiver of any oblgatan he?eundcr or of the obl'gatio~ se-
n.red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM setwed herby.
11. In addition to the forego:ng monthly payments of princ:pD~ and imerest required by the prom~uory note se4ured hereby, mortgsgor tovensnts
and sy?ees to pay ro mortgagee with exh monthly payrrxnt an add~rional s~m estimated by mortgagee to be equsl to 1/12 of the annual cost of the follow-
ing:
A-All reat property taxes levied o~ assessed agai+ut the above described real estate.
B-Premiums on fire and winds?orm insurance as herein requ~red to be carried o~ the improveme~ts situate on the above desaibed premises.
C-Premiums on such mortgsge gwnnty insurance as mortgagee shsll from time to time deem fit ro urry on the losn secured hereby.
! Mortgsgee ahall from time to time notify mortgagor in writing of the amount due and payable hereunder and suth wm shatl thereupon be dve ~nd
payabb w+ the due dste of the next monthly payment and each successive month thereafter urtil mwtgagee shsll notify mortgagor of a change in such
j amount. Such sums shall be ~pplied by mo~tgagee toward the psyment of reat property taxes, insurance prem:ums, and mortgage guaranty iosuru~ce
~ premiumf.
~ IN WtTNE55 WHEREOF, the ssid MORTGAGOR has hereumo set his hand and seal the day and year fint aforesaid.
~ Sgn S~al~d and d'vw ' the presence of: . ~
•n ~
1
n ;
K..~ ~
SiATE OF FIORIDA ) ~
~ St . Lucie I
~fa. ~ ~~i~y • Lonnie B. Spivey
F10lt116 Sp1V@y his wife, to rrk well known ud known to m~ to be
the indniduab d~wibed in and who ~xecuted the fors9arg strument, and a~jcnawledged befwe me that thsy e~eecuted ths ssms fw tF+s purpos~s
r~.«~, .xa.~d. ~+a rr» F~orene Spivey
wi(s o1 tM said Lonnie g. $P1V@)? ~pon • s~p~.~t~ snd pivat~
e~amination by me taken ~epant~ ~nd ~part (rom her said husband, adcrawkdged a and befwe m~ tMt sM eaecvt~d isid i~strumsnt freely ~nd volun~
rarity and w~~hovt ~pr compulian, Ca?th~int. ~pprehensan, w fear oi w from Mr said Fwsband.
~ WITNESS my I~+d ~nd offic;al w~l this 2nd ~y ~ Augus D. 19 68
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••a,~i'T~~'~,, FILED ANO RECORDED~My' c~P",~
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a,~ 'n° s~+" °f fb`~d'
.~E to: F` = ST. LUC~E COUNTY. FLA. p~K, st~te o( Fiorid~ ~t La
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f7rs~ F~a~
~v~ ~t ~i }~oC~ewn R F. .,1 n ~ c~, r ~ r n
~ O~ P~.s.~ ~ ~~~1~ :Y Commission E:pires Scpt. 23. 19GS
fqf ~iM11(, ~ frd~a i ~ i~aQ~d ~r Awnuw iw i Cnrdh C~.
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:,r':p J:: _ *68 AUG I 2 AM 10 : 3 I
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~ ~i ~I~~tl~-~~}~ ~ =;,1..~~~ ~~U~TR :S
,~AI~S1v E~ u?~p ~ CLERK CIRCUtT COURT
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