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s. To plaa snd contiiw+owh? Iu~P on th~ buildi~gs ~aw a hKNflM ~hwN on saW la~d and oo dt ~qutpn~a ~+d pN~on~ly oownd b'f? tAk nwrt~
p~„ vrith ~II pnmiw~A ~Mt~ p+id in full, fin inwru~a in 1h~ uswl uandard polky forei, r? ~ sw~A ~PP+ov~d b1? tM JNORTGIIGEE. and wM+d~tonw
Maw~na b tM wwl sunda?d poGcy fonq. M a wm +PProwd b1? tM MORTGAGEE. ~ wcl+ ean~P+^Y or aompani~s a tl» MORTGAOEE ~+1?
dinet~ ~nd dt fk~ u?d w~m kaura+a policia on aM? of utd build~ep~, ~n~r inbnst tMr~in or pKt IMrwf. in th~ apprp~u iurn afon~aid o~
N~xa~ tlwNf. aMll oontain tM usv+l standard ~+yM clauw w such othK dww a th~ Ma~p+pN mar nquira n~+kGq N» Iws wd~ ~aid pot1~
crM, ~ad~ and w.% wrabl. a s.W MORTW?G~ a ih tm.res? mar •pp~.r. and sach and .v.~r ~ v~kY ahatl b. p?omp+hr ass~qn.d .nd d•Uv...d a
~ny h.a br ..w AAORTCACsEE u iwth....w.~M w~+id mo.ro.p. a.w. .~a. ~o+ ~.s~, N+«~ t~n c~0'1 a+r in ~?.~?o. of ~~,..~pi?.non ef ..ch vaic~?. b dr
liw~ to s~ld 1NORTGAGEE a nnew~l tMnof. fopNh~r whh a naip~ fw tM pr~niwn of w~d~ r~wall ad tlw~~ sh~ll b~ no fin a winds~wm inaw~na
plaad on ~ny of taW bvildi~gs, whl iMen~t Mwnin ot pul ti+w~oi, uolaa M Ih~ fotm'~nd with 1M loss pay~bM a~for~ldt ~e~d M th~ w~M anr swn
of ,~on~y baa~naa p~lrabb v~ wd~ policy a pdicia s~W MORTGAGEE shall Iww ~M option ro raaiw and apply th~ sam~ on ~aa+nt o1 1h~ ind~bt~
na~ ~eur~d hK~by or q pKmit ~ald MORTGAGORS ro reatw a+d vs~ N a+ny p~?t thsreof fa otl+er purpos~~, wi~how ?lu.~b~ waivinp or impsin
kg +np ~W81?. ~i~n a ~ipM wid~r a by vktw ~ thi~ mutpsp~~ ~nd in tM ~~nt w~d MORTGAGORS ~MII fa a~y ~~swn f~il fo k~~p tM aid pnmi~s w
haw~d. a faq b d~livt~ PranWh? aoy of s~id polid~s of 4aw~nc~ to said 1NORTGAGEE. w fail pranptly to paY fi+~~1? P~~nium thKtfa a in ~np
nip~ct fall b pKfocnti, rx~aAR. ~ff~ct. oen~pbM• aompM with and ~bide by thb covMant, w any put Iwrwf. said MORTGIIGEE may pl+a and
WY ta ad~ Lrw.no~ a an~r p~t tMr~of witlio~n walvinp a ~fhctinp +n1? cPtion, li~n, puib. o~ ripht wd~ a by virtw of ~his IMort~ap~. and the
full ~mooM of Nch and w~ry wd~ payeMnt sI+~U b~ inn~hly du~ ~nd pysW~ ~nd ~MII bNr imK~t han th~ drh tMrwf w~W p~id M th~ raN of
~w» pM antum pM anrwm u~d topetMr wNh w~d~ int~ntt sh~ll be s~cw+d bY th~ 1'wn of this ~nort~.
1. To pu~ai4 aarmh a wffK no wast~. impakme^? a detaio?~tan of wM prop~rry or a~ryr prrf tMrwf.
3. To pay aQ ~nd sinpular the rooal+. cMr~s +nd ~xpw?ws. includirg s reswnable attomey's fee and cosn of .bsnacri o~ timN. M+cwnd w p~id ~t
~ny tin» by ssid MORTGAGfE, b~taus! ar in th~ wa~1 of th~ failuro on tM p~t of th~ saW MORTGAGOR ro duly. ~omp~M .~d fi~iy p..t«m, d~.c~.ro.~
eastut~. ~ffed. aomp~th, aanplY with and abid~ by ~ach and ~very tM stipulatioe~s, aptMrt~anb, cond'itiom. snd eowmnl~ of said praeissorr ewh ~+d thi~
morp+w +n~? a ~irM~. ~nd sa~d cos~s. d~s +nd ~xp~ws. ~sch and ws.y, sh.U be tmmediatey dw and psy~b~et wMtM. a na el+en b~ naioi d.
nrnd. ~tMmpt to w1Mct a wM PN+d~npt and 1M iull ~nouot of ~ach and ~wry wch paym~nt sMH bsa. infenst from th~ dat~ tM~eof until pald at tM
rate of nin~ pu antum pa +nnurA: snd ~N said absts, d+apes and expeiws Incwred w p~td, top~Nwr with wch intuat. sMll b~ Ntwed bY tM li~n of thi~
mo~pap~.
A. TMt in tM w~M of ~r bnach of this Mortpap~ or d~fwh oo Mr part of tM MORTGAGOR, a(b) in th~ wem +np of ~aid wms of mon~y
Mnin nfKnd ro b~ not promptly and fully paid withie~ thirty (90I d~ys n~x~ ~fter tM same ~ever~lly become dy~ and paraW~. witfiovt d~m+nd a no~iu.
or tc~ in th. w~M ~ad~ .nd w.ry tM sriput~tio~?s. ~qre~m„+n. aoodi~iora and cov.nu~n of ad p.omissory nw• and tlws mortp+p~ +nY a.tN+K an na
iuN. P~~P~M fvUy qrfwmd. d~schuped ucecuted. ~ffeded. comPlsted. comp~~ed wNh and abided 'ay. th~n h eithar or any such went t!w said ag ~
p?g~M swn a~tia+~d in said promissory noh then rNnsininp unWid, with interest ~ouued. and all ma~eys tacvnd henby. shdl b~oom~ dw aod WY~ t
~W~ iwthwitl~, a thKafnr. ~t tM option of ssid MORTCHGEE, as fvlly ~nd compl~t~ly as H ~II of th~ ssid wms of mawy wen aipin+lly stipulated 1_
ro b~ paid on such daY. +~Y~~ ~ s+d P?~^a~Y ^oh a~' this Matysg~ to the contwry notwithst~ndirg: and thaeupon or there~ft~. at tl+~ opYan of ~
uid MORTGAGEE. withow notio~ w dema+d, wit at t~wr w in aq~itY. ther~fon or theraher bepw~, may be prosscuted as if ~11 mon~ya s~wnd Mnby
hsd rtwrirrtd prar ro i1s institutiae.
7. Th~t in tM want that ~t N+e begtnnirg of o? at any time pendirg ~oy wit ~pon thn Mo?tgsge, a to foreclose h, a to ref«m it, or ro enfora
p~yment of uiy daims hereur~. ssid MORTGAGEE shall apply to the Court Mvinp jurisdrction ~hereof for the appo~ntment of ~ Receiw~. wch Court sh~ll
fortFiwith ~ppoi~t a reuiwr of said mortyayed property ~11 and sinpvlu. includmg att and singul~r the income. profits, issues u~d nvtnues from wMtwa
wwa duiwd. ~ad~ and every of which, it beinp expressly vnderstood, is hereby mwt9aged as if specificaly set fo.th and desaibed i~ tM prantirq and
Mb~eduen clauses F~eof. and such Reoeive~ shall hsve all tM b?oad aod effecrive f~ncrian and powera in anywise eMrvsted by + Gwrt to a Rsceivsr. ~nd
such ~ppointn~ee~t shsll be made by wrh Co~rt ~s an admined.eqvity and a m~ner of absolute right fo said MOR?GACaEE, and without referenoe fo th~
adequacy a M~adaqwcy of tM valw of the prbpaty mortgs~ed w to the wlvency w insolvency of said MORTGAGOR w the defendant~, and tMt wd~
rents, profits, incwne, isi~es and rwenuea sh~ll be appli~d by wch Receive~ aawd'xg to th~ lien oe eq~iry of said MORTCsAGEE ad the practice of wch
Cou~t.
8. To duly, promptly snd fully perform, d~scharye, execute, effeN, oompkte, canpty virith and abid~ by each end every ths stipulations, ayreements,
conditions and cove~+nn in said pramasory note and this mwtyaye set fwth.
9. TMt in the went the ownaship of the mortg+yed premises. a any psrf the+eof, becanes vested in a penon other th~ th~ MORTGAGOR, tl»
MORTGAGEE, k~ succeswn and ~uipeu, m+y, wirhouf norice to tM MORTGAOR, desl with such waeuw a wcceasw in inte~est wi~h reference to tha
mwlpp~ and tM debt hereby secwed in th~ sam~ msnnsr as with Mo+tyspor withovt in sny way vitiatirg a discharginp tM Mwtysgors' liability her~
under w upa~ th~ debt hereby secvred. No tak of the premises hereby morty+~ed and no forbe~ranw on the part of tM MORTGAGEE w Iri tuccesson
or augm and no extension of the time fa the payment of the debt hereby secured y'rvan by the MORTGAGEE or its successon or assipi+s, shall op~ra»
to nle~ diuh+rp~. modify dun~ or affect the wiyinal Iisb~Gty of the MORTGAGOR herein, ~ithsr in whole o? Y+ part.
10. It is sp~cifically egreed that time is of the essence of this contract and that no waiver of any obt'~g~tion haevnder w d ths o~lipstioe s?
cvr~d Iwr~by sh~ll at any tims theresher be held to be a waiver of the terms hereof or of the instnrment ~ewred Fxrby. .;ti~+-==
I1. In additioe+ to the forego:ng monthly psyments of pri~c:pDl ar?d imerest reqoired by the promisswy nore secured !~l~, ,~r~ja~br
ar,d apraes ro pay ro mor~pagee w~~h ead+ ma+ihlY parmenr ~n addiriwul swn ~t~mated by mwtyagee to be eqwl to 1/12 oiafw{~AnyrJ cosf oflh{a~~ ~
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A-AI~ real p~operty uxes kvied or assessed against the sbove desuibed resl estate. : c • ~
i 8-Premiums on fire and windsto~m inswsr~e ss herein requ~red to be prried on the improvements sitwte on the i~pYe-dpt+ibi~ ~remises~
~ C-Pnmiums on sqd~ mort9age ~u+r~nfy inswance as mortgsgee shall from time to time deem fit to urry on ;1i~e.~IQa1 =eEorvd ~e?eby. ; v.
~ Mort9sges shall from time to time notify mortgagw in writing of the amou~t due and paysbk hereu~der snd sixtj~wm't!?`j~y th~,r¢upon b!'dw~
P+Yabb oA tM due dat~ of the -next monthlY WYment and ~xh waessiw month thereaher ~ntil mo~rtya~ee shsll 4ot~fY's^?3M9"!gW of d+±!+~:-~R~}
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t h
~ amount. Such s~ms ihall bs ~pplied by mortyayee toward the payment of real propeAy taxes, iMurarxe prem:wro, andt,rqylt ~vataaty, • 1r~wtu~o~
p~emiwna. - ~ ~ • • • • - ~
WITNESS ~VIMEREpF, the aid MORTGAGOR has herevnW set his hand md sesl the da r fi ~i ~ 1
. ~ In th~ pnsaw~ o~ AT~t ~ ~L~Y^C~•_~..'
FtLE~ AND RECORDED By - ~ n
~ . on es en ~
; . • ST. LUCIE COUNTY. F~~teS -
rr s am , ecre aacy ~
- ~ ^~G'?'
~Ca~i~ " n
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'68 SEP 23 lW : 19
STATE OF FLORIDA COUN OF ST. LUCIE
_~~~~~~IT_RAS Se teaber 68
f HEREBY CERTIFY, That on this ~ A.D. 19 ,
before me personally appeared J• W. Dickson a~ Dorris/Adams
respectively President and Secretary , of
BDGBWATBR RANCHBS ~ INC. ~ ~ a Rlorida Ccrporation, to me
lcnown to be the pe~sons described in and who executed the foregoing instrument, anc~ severolly acknowledged the exe-
cution thereof to be their free ad and deed as such officers for the uses and pu~soses therein mentio~ed; a~d that they
affixed thereto the official seal of said oorporotion, and the said instrument is the act and deed of said corporotion.
WITNESS my hand and official sea) at Fort Pierce said oounty and state.
,
• bry Public, _in~= for St te and Coun aforesaid.
This instrumer~ prepared by _ ~ : ~ c.~?m~u~ :e~~~~: i ~ ~ / ~
F eral Sav. b L ~ - -
of fo ' : . _ ~ ~
~ ~ . _ _ ~ • , ~ sr~ ~ ~t ~
'-`JrC~ ' S! ~~~i. .J~ ~ d 5, ~n
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