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s. To pl~p u~d contNwously ksep an tM bvildinps now w Mr~ahK ~itwt~, on said luid and on all p~ipment ~nd perwnaily oovtr~d by thi~ nwrt¢
~p~, with all prtmiwns thenon pa~d in fvll, fih insur~nc~ in tM uwal ilandard policy form, tn s wm spproved by tM MORTGAGEE. a~d wi~atorm
fmur+nc~ in tM u~wl a~~ndard pol~cy fam, tn a sum ~pproved by tM MORTC,AGEE, in wch company a cwnpanl~s ~t fh~ MORTGAGfE m~y
dinty aed all fh~ ~nd windsrorm i~wana potkis~ an ~oy of said build~np~ ~y tntenst ther~&~ or put thsr~of. in tM pp?e9~M wn+ afornaW or
in ~xnss iherwf, ~hall contain ~he wval standxd mortya9e~ cl~u~ a such ah.r cl•us. as ~h. Mor~ya~e. may reQuin, makinp tM loss und~r said poli~
ci~s. ~+d+ u+d ~wry. paYabN a aaid MORIGAGEE ~s iq imerest maY ~ppaar, and each and ~wry such policy ahall b~ promptly ~ss:y~?k! and d~tivK~d ro
sny h~W by said MpRTGAGEE ~s iwthsr secvrity to iaid mort~a~e debt, and, no1 les~ th~n ten (10) days in adva~ce of tM expirafan of sach policy, to dr
liva to wid MQRTGAGEE • nnew~l tMreof, toqethK with ~ raceipt fu ths premium of wch exal; and that shall be no fire a windstwm insur~nc~
plao~d on ~ny of s+id buildirgs, ~ny inter~st tt~~in or p~rt theraof, unleu in the fo~m and wi~h tM bss p~yabk as ~foresaidj ~nd in tM ~vent any sum
of maNy becomn p~yaW~ unde~ such policy a policies said MORTGAGEE aiwll Mw the optio~ ta receive and +pply tM s~rn~ on ~coouol of tM i~?debred-
~ett ~tct?rad ht~~by o~ b permll said MORTGAGORS to recaivs and us~ it a any parf thereof (or othor purposes, withouf thereb/ waivi~p or unpair-
inp any pvity, li~n w ~ipht und~t ot by virtw of this mortya~e; ae?d in tM ~wnt aid MORTGAGORS sMll fw any reawn fail to keep the wid pt~mises sp
iniw~d, w f~il to d~liva prompfly ~ny of said policies of i~unnce to said MORTGAGEf, a fail pranpUy ~o pay fully ~ny premium tFKrefor o~ i~ any
reip~et f~il q p~riwm, dixhuys, ~xecute, effact, cnmplete, complr with ~nd abid~ by this covenant, w ~ny pah hereof, ssd MOQTGAGEE m~y ptm and
pay fa wch inwrant~ or any part therwf withoW waivin~ or aff~ctiny ~ny option, li~n, pvir;, w ~ipht und~r or by virtw of fki• Mortya~s, and tM
full anwvnt of ~ad~ and ewry s~ch paymsnt s?y11 bs ;mr~d;ately dve a,x! p~yabb snd sMll bc>• int~rei~ from ths daro thenof ~etil paid ~t ths raq ol
nine psr untwn pu uu~um and toyethsr with such interest thall be secu~ed by tM lisn of this mortpape. ~
1. To pKmit, tomait or suffK no waste, impi;rment p deterio?atio~ of uid property o? ~ny part thereof.
S. To p~y all a~d sirg~lar th~ cosn, charges and exprnses, inctudirg a ~essonabk ~norney's fes and oosts of absnecK of titte, incv~red or pa~d at
+~Y bY ~RTGAGEE, b~caus~ a i~ the ~wnt of tM failu~e o~ ~hs put of ths said MpRTGAGOR to duly, promptly uwd fully perfonn, discMry~ i
execvt~, ~ff~d, oompltt~, comptr with snd ~bide by each and every ths stipulat~ons, ag~eements, c+onditio% and covenants of said promiuory note and this !
mwt~+p~ any w eithe~. and s~id costs, chargas and expeoses. each and every, shsll bs immediately due and payable: whether a not the?e b~ notiu de~ S
mand, ~ttempt to cotkst or wit per?dingj and the full amovnt of each and every wth payment sh..'.! bear ;ntem:t from the d~te thxeof until paid ~t tM
rate of nine per ceritum per annwrF and ell said oosts, chuges snd expenses inc~rrred w p~id, loyether with suth interest, shall b~ secwed by th~ lien of ihis
mwtQ~•
6. llwt (s) in tM w~e:t of any breach of this Mortgs~e or def~ult on the part of the MORTGAGpR, w(b) in the eveM ~ny of s~id wma of moeNy
herein r~fared to bs rwt promptly and fully psid within thirty (3p) dsys next aiter the same severally become due ~nd payabk, wi~hout demand a notioe,
or (c~ in the evrnt each +nd avery tlie stipulat;ons, sgreement~ conditions ~nd cwensnts of w~d promissory note and this mort9age any o~ either ar~ ool
iuly. promptly and futly pe?fwmed. d~schuged, executed, effected, compl~ted. complied with and abided ~iy, then in either or ~ny such ~wnt ths s~id ag
y?eg~M sum mentioned in said promiuory rate then ~amai~ing vnpaid, with inte?est acuued, and a!1 nwneys set~red hereby, shall becoms due sr~d p~y.
able fwthwith, w therssher, at tl+e option of said MORTGAGEE, u fully and compktely as if all of the said sumt of money wc~e o~i~inally stip~t~ted
to be paid on strch dsy. anythirg in said promiswry note or i~ this Mortgage to 1he contrary notwithstandinp; and thereupon p thereaher ~t ths option of
~a'rd MORTGAGEE, without ~wtice or danarx~, wit at law or in eq~ity, tF~efore a thereafter begun, may be prosecuted u if ~II mQncys s~wred hereby
had matutld priOr ro iri Institution.
7. llwt in the event that at the begin~ing of or ~t any time peoding any wtt ~pon this idortgage, w to faeclose it, or to' eeform h, a td enfwce
WYment of arty tlaims Aerevr~de~. said AApRTGAGFE shall apply to the Cw.t having jurisdlction thereof ior fhe appointme~e of a Re~eiver. wch Cairt shall
fathwith appoint a receiver of said mal9sged propertY all and sirgul~r, intlud~ng all and singula• the income, p?ofits, iuuet and revenues from whatevet
sourc~ darivad, eath and every of which, it being expressly understood, is hereby mortgaged as if speufically set fo~th and described in fhe~QrsMinp ~nd
habendum cla~ses hereof, and such Receiver shall have all the brwd a~d effecrive furxtwns and powevs in anywise e+?ttusted by a Court to a Rlctiva, and
such appointment sF~all be made by such Cowt as an admitted eqviry snd a matter of absolute right ro said MORTGAGEE, and wilhoul referenoe ro N+s
acleqvacy w inadeqvacy of ths value of t}~e prope,ty mwtg,ayed u to ~?~e soh,t,~, a;~so~v~ncy of said MORTGAGOR « rhe defendann, and that such
renr~, profits, incoms. issues ~nd revenues aMll be ~pplied by such Receiver according to the lien or equity of said MORTGAGEE a~d the pradioe of such
CouA.
8. To dvly, promptly and futFy pe~rform, discharge, cxecute, effect, compkte, comply wi~h and abide by each and every ths stipvlatio~s aQreements,
con~tia~s and covenanri in said promissory note and this mortgage set iorth.
9. Thst in the eveM the ownership of the mortgaged premises, or any part thercof, {xcomes vested in a person other than tM MORTGAGOR, the
MORTGAGEE, its wccosaon and issigns, rMy, w;tlw~t notice ro the MORTGAOR, deal with such svccesso~ a successor in inte?est with refnence to this
mortpape u~d tl+e debt hereby secured in tMf same man~er is with Mwtgagor witho~t in any way vitiati~g a diuharging the Mat9sgors' liabiliry hera
under ot upon the debt hereby secured. No sale of tF+e premises hereby mortgaged end no forbeara~ce on the part of the MORTGAGEE or its wccesyors
a a~sigro snd no extension of the time fw the paymem of the debt hereby securcd g;ven by the MORTGAGEf or its wccessors er assi9ns, ,hall op~rat~
to releas~, dixMrQe, modify change or affect the wginal liability of the MORTGAGOR hcrein, either in whole a in psrt.
1Q h h spetifically agreed that time ia of the esxnce of this contract and that rto waiver of any obligation herevnder or of tF?e obligation se-
t~red htreb~r shall at any time thereaher be held to be a wa;ve? of the terms hereof w of the instrumeM secu?ed Merby.
addition to the fwego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mort a or enant
and ag~ees to pa a ee with each momhly payr..ent an add~rional s~m est~mated by mortgagee to be equal annua cost of the follow-
'ng:
A-AN real property taxea kv~ed w assessed agai~s
B-Premiums on fire and windstorm insurance as herein r u~ carried on the improvemen ~on the above des4ribed p?Nnises.
C-Premiums on suth mortgage gusranty irts mortgagee sha!! from time to time deem fit to tarry on~i'Fit-1 oured„b~reby.,,:
Mortga9ee shall from ti ' notify mortgagor in writir?g of the amouM due and payable hereunder u~d such wm,sh ~e due ard
payible on the due t next monthly paymeM and each suxessive mw~th thereafter u~til mortgagee shall noti~i rt~rl~~sp.p{ ~ s~
ar.+ount• ums shall be applied by mortgagee toward the paymcnt of real property taxes, insurance prem:ums, .a~ :
p~6~~a~~jMY •{~p~r~
IN WIT ,1NHEREOF, the said MORTGAGOR has hereunt a
~~t.~lilh~rhlDi?R~AOf~fi,D r Y~'.t :
delivered in tM presence of: ~ ~ 1-~
} R = -
~5a ST, LUCIE COUNTY~L~
~ fi~^(1;.^ ~j~ 7~,: r ;
c~. -U- 1"75803 • " - ~ . f
Attest: k
'~9 I 9 ~1 I{: 3 ary• se~ r~tary .~.n
- _ _ . _ _ _
~ f~0~ OITRAS _ _ . - - -
STATE OF FLORIDA ~Q~ j~jqKp~ I~f ~y~~~ 0 U RT ~
1 HEREBY CERTIFY, That on this 13~ ~ay of March A.D. 19~_
before me personally appeared Robert E. Rose n~ M~y Rose , I
respectively President and Secretary , of `
Westglen Corporation a Florida Corporatio~, to me ,
,
known b be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
-
cution thereof to be their free ad and deed as auch officers for the uses and pursoses therein menticrr~ed+ and- t~~~''~js~ '
. ,
affixed thereto the official scal of said corporation, and ihe said instrument is the ad and deet~a'~'
~•s~,~pt
WITNESS my hand and official sea! at Fort Pierce ' d~~ : -
. said oounry nd staie. s- ~0 t:: 4Z j~::
This instrument prepared by ~ ; ~ ~ ; ;
F+ r
s t Fe d
era l Sav. ~i Lpan ~SSt~, Notary Public, in and for State ",~'r~i
af Fort Pierce My Commiuion Expires:~. ~p.y.~j~~4.:•r•- ?
~y Thomas Driscol2 t ~ ri ~ •
~13-~~
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