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3. To plan and continuwnly k~ep on tF?~ bvildinp~ now a MneftK ~it~~N o~ ssid land ~nd on ~II eqvipr~nt ~od penon~lty covered by thi~ n+ort~-
+~e, with all premiums tM~eon pai~ in futl. firs ir?surancs in tF» uswl suniard policy form. in a wm approwd by ~FN MORiGAGEE. and windito~m
insur+nc+ In tM uswl uandard policy (wm, in ~ sum apqrov~d by tM MORTGAGEE, in such comp~ny o~ compa~iq as+ tM MORTGAGEE n+sy
dirKtt and alt (ir~ ~nd wtnd~wrm insurar~ policas on ~ny of said b~ild~nps, M+y i~N~ss1 the~ein u part thtreof, in the ~~e9+~~ i~n+ ~for~aid a
1n ~xc~ss tha~of, shill cont~in ~h~ wwl sundard mortga~e ctaus~ a such al,e. cla~s~ as th. Morr~a9ee may reqvin, makinp tiw Ioss urxia u,d poli~
cis~. ~ach and ~ve.y. paYaDl~ b said MORTGA~aEE as its interest rt?iy ~pp~a?. ard esch +nd svary tuch policy ~halt bt ptomptly ass:yned +m! ~eliv~~ed ~o
any I~Id by aid MORTGAGEE as furlhtr securiry to said mortya~ debt, and, not I~ss th~n te~ ()0) days i~ adva~c~ of tht ~xpiration of each poiicy. ro da
~~~K ~o ~sid MORTGAGEE ~?tnewal tke~wf. tq~ther witA • recapt io~ tAe pem;um of wch renewal; and ~here sFall be no fire or winditorm inwranc~
plapd on sny of said buildirgs, ~ny i~tenst thaain w put thereof, u~leu in the form and with tM loss pay~blt as ~taesaid; ~nd in tFk ~v~nt any suen '
of mwny becpnes payabte under such policy p policiy said MpRTGAGfE thall hsw rhe optian ro receive and apply the same on account of !M indebted- i
r+eu ~ecv~ed hereby or w pami~ said MpRTGAGORS to rcceiw and n~ i1 w any part ~hereof io. o~he~ p~rposes, wi~ho~t thereo/ waivi~y or unpair-
inp any p~ity, IiN? or r'ght u~der w by virtw of this mortp~; ~nd in th~ ~ve~t sa~d MORTGAGORS ihall fa ~ny resson faii ro keep ths said pr~miiet so '
insu~ed, or fail W deliver ptompNy ~ny of safd policies of irau~uKe to said MORTGAGEE, or fail om tl to full an !
A~ P Y P+Y Y Y P?a^ium therefor p in anY
resp~cl fail b pKfwrn, discharye, ~xecute, ~ifed, complste. comply witA snd ~bide by this tovenant, a ~ny pan hareof, said MORTGAGEE may place ~nd
P+Y fa s~+d~ imuranc~ u any part tMreof withovt waivir~ or affsctinp any optio~, tien. eqviry, a riqht under or by virtve of tl~is MongaQ~. ~nd the
full anwunt of tath ~nd ~w?y s~ch paymsnt shall b~ immadiat~ly due snd p+y~bte and sMll bea? interest from tM date thereof ~ntil paid a1 th~ rate ol
nine psr centum pe~ annum and to~ether with wch interest sha~l be secured by tM lien of this mort9aye.
1. To p~rmit, cnmmit o~ wffer no wut~, imp~'ument or deterioatan of saia properry o~ ~oy put thereof.
S. To pay ~11 ~nd sFng~l~r the cosb, char9es aa! expenses i~ciud'ug a reasonabk atrorney i fee and cosn oi abstrxb of titts, kaurred w paid at
any t&ne by said MORTGAGEE, betavse o~ in tM ~vent of the failure o~ the part of eM said MORTGAGOR to duty, promptly a~d fully p~v(am. d~uharg0.
execvt~, effM, canpkt~, comply w;th and abtde by tuh +nd every ths stipulat~a?s, sgreemenn, conditiau, u+d cove~ants of sa~d promissory note ~nd this
mortyape any o? e;ther. and ~a~d costs, charyes and ~xpenses, each ~nd every, sh~ll be immediately dve and pay~ble; whether a not there be notice de
mand, attempt 1o tolkct or wit pending; u~d tM fvll amovnt of each and every such paymeM sMll bear in~erest from the date thereof until p~id at tht '
rate of nine per centum per annum; and all said coits, char~es and expenus incwred a paid, ~oge~her w~th wch ~n~erest, shall be sec~red by the lien of tha
mat~a~.
6. TMt in the event of any breach of this Mortgage w defwlt o~ the pa?t of the MORTGAGOR, a(b) in the event sny of said svms of ma~ey
herein referred ro be not promptly and fuUy paid within thirty (30) days next afta the same severalty become due and payable, without demand pr notice,
or in ths ewnt eacb and every the stipularions, agreem~nts. condiYwns ~nd coven~nts of sa:d promiuory note and this mortyage a~y w either ue nol
iuly, promptly a~d fully perfwmed, discF?arged, executed, effected, compl~ted, complied wi~h and abided by, then in either or any such event the said a~
gregate wm mentioned in said promissory nots the~ remairting unpaid, with interest acaued, and all moneys sccured hereby, shall become dw snd p~y-
able forthwith, p iFIMNf1N. at the opfion of said MORTGAGEE, as fully u,d completely as ii all of the said sums of money were orginatly stipul~ted
to be paid on svth day, anything in said promiuory note w in this Mwtgsge to the conrrary notwithatarKling; and ?hereupon a thereafter at ths optan of
said MORTGAGEE, without norice w demand, suit at law or i~ equity, therefore p tF?erea(ter begun, may be prosecuted aa if all awneys secured heroby
had marured prwr ro in ins~ir~tion.
7. That in the evmt that at the beginning of w at ~or time pending any wit upon tR~s Mortgsge, w to iorectose it, or to reform it, or to enfwce
pay+nent of any claims hereunder, sa;d AI1pRTGAGEE sMll apply to the Court having jurisdic~ion ~hereof tw Ihe appointmcnt of a Receiver, such Covrt shall
Forthwith ~ppoint a receiver of said mortgaped property all and singular, includ~ng all and singular the income, profits, iuues and ~even~es irom whatever
wurce derived, each and evtry of whKh, it be~rg e:press~y undnstood, ia hereby mw~gaged as if speutically set fath and desuibed in the Q?anting ar+d
habcndum da~ses hereof, and such Receiver shall have all the broad and effective f~nn~o~s and powers in anywiu entrusted by a Cou?t fo a Receiver, and
such appointment shall be made by such Court as an admitted equiry and a rr~tte~ of absoiu~e right to said MORTGAGEE, and without reference to the
edcquacy w in~deq~acy of the value of the property mortg~ged q ~e t?x sotvency or insolvency of said MORiGAGOR w the defendants, and fhat such
renn, profin, income, iuues and revenues ahall be applied by such Receiver ac~wd~ng to the lien o~ equity of ssid MORTGAGEE and the praqice of such
CouA.
8. To dvly, promptly and fully perform, discharga, execute, effect, complete, comply with and abide by each and every the stipulatio~s, ~greements, '
conditions and covena~ts in said promissory note and this mortgsge set fath.
9. That in the event the ownenhip of the mortgayed prem;ses, o? any part thereof, becomes vested in a penon other fhan the MORTGAGOR, the
MORTGAGEE, its sutcouors and suigns, may, witFaut notice to the MORTGAOR, deal with such succeuw a wccessor in interest with reference to this ~
mortg~ge artd the debt hereby secured irt fhe same man~er as with Mortgagor without in any way vitiating p dixharging the Mortgagors' li~bility F~cra- '
under or vpon ~he debt hereby secured. No ssle of the prem;ses F~ereby mortgaged and no fwbearance on the part of rhe MORTGAGEE a itt svaesson
or assigro ~nd no eatension of the time fw the payment of the debt hereby secur~d given by the MORTGAGEf or it: successors or auigrq, slHll operate
ro rekase. dischar~e, modify change or sffect the or'g'~nal liability of the IWORTGAGOR hesein. ~ither in whole or in part. -
10. It is specifically agreed that time ia of the essence of this contract and fhat no waiver of any obtigation hereunder or oi the obligation se- ~
cvred heieby shall at any time thereafter be held ro be • waiver of the terms hereoi or of the instrurnem secured herby. t
11. In add~tio~ to the fwego:ng monthlY paYments of princ'pal and inte~est required by the promissory note secured herebY, rtwrtgagor covenants ~
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of tF?e follow-
ing: j
A-Al! real prnperty taxes levied or auessed against the above described real estate. ,
B-Prem~ums on fi~e and windstorm insurance as herein requ~red to be carried on the improvements sit~ate on the above desvibed premises. ;
C-Premiums on such mwtgage gvaranfy ir.w~ance as mortgsgee shall from t;me to time deem fit to carry on the loan secured hereby.
Nbrtgagee shall from time to tirrk notify mwtgagor in writing of the ar»ount dve and payabk hereunder and such wm shall fhereuport be due and
payaWe on the due date of the neat monthly paymeM a~d each successive mo~th thereafler until mortgagee shall ootify mortgagor, of a tfiatge in tvth
amount. Such sums shall be applied by mortgagee toward the payment of real property tazes, iruurance prem:urrw, and rtw~tg~t.•~~/fMyj, jnwrance
premiums. ' ~ ; ~4 ! ,
IN WITNESS WHEREOf, the ssid MORT GOR has hereuMO set ha hand and seal the da yes ~p ~C~
St ~AL, = .
a~ °f~FILED AND RECORD ~
' s _ ~~,~an
~ IUCIE COUNTY. FL : . '
f`n~r t2,~''u _ , A
1~'426s Attes . 9
_ _ _ uA?~ -~$--~iit ~ . . ~ . :
, ~
" va ; - - - - - - 3
~.....:.,:~:r,~,. ~ , .
STATE OF FLORIOA ~~j~iER P~~..' S IE
I HEREBY CERTIFY, That on thi: CLER(~j~l~UIT,~Q{,(~'Ey A.D. 19.~_,
before me penonally appesred - John P. Hoke Fred F. Adams
and
refp~ti~y its President and Seuetary of ~
H 6 A RBlYTALS INC ~
, s- FLOKI DA Corporation, b me '
t
known to be the person~ descr~b~ in and who executed the foregoing inst~ument, and severally acknowledqed the exr !
cvtion thereof ro be thsir free ec1 and d,eed as such offi~e?s fo? the uses arxl purposes therein mentioned; •and`tiu~t ihey ~
affixed thereto the official seal of said ~
oorporation, and the taid instrument is the act ancl da~d 'd~ t~pb~a~n.
WITNESS my hind snd official seal st Fo~t Pierce St. Lucie Florida ~ r w~°'
, said county and stati: F- o~•~_
~his instrur~jent prepared by ' o G,~-
~~~J'~ ~ ~~,~./~~r_ ~
a ` `
Frrst Federal Sav, b ~oan Assn. Norary Public, in and for State and ~~~orss,~
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o mmiuion E xpir*s: - 3-91 -
"'''y~ ~'~oU~• =TA~c Oi FL4ii1~A AT WNi!
~y R. Kay~es pr.aco~~$a~~w _S OK. g. 1971
iD M. O~ESTtLyO~~~
i
- ~ ~ Sa~K ~.75 ~~~E1538 ~ ~
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