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To p1ao~ «~d aoneL~q~l~r k~p on Nr buildMp~ now a Mnafa. ~iwNS~on Nld ~«~d «id on a!1 w~da~ Md vK~h ~d bt~ ~~+o~
p~, wRh aN p Nwrwn M~d N ivq. fin i~aw~na in tiN uwa) uaidKd Polk11 fo~. In ~ wm ~pp+owd b~r tM NWRiGAGEE. ~nd wind~toro ~
ww.no. M th:
u~~wl ~.nd«d oot~? hn~, In «?wi .vp.owd sr ~A. MoQrw?ciE~, In wcA oa~p.ny a oompani« a tA. Mort1w?ciE~ n~+y
1~?~d! MNI aN flr~ ar~d wiM~torQl IIM1MM~q po~kiM on M~y Of Ni+ buildMl~„ iny k1NfM1 tlM~tin o1 pMt IINt~of. In IM apqre~N ~w~? ~IOru~fd Of
In ~zp~ N~ro1. ~I+.II conuin N» uw+~ st.ndod n~orp.~ d+uM a wch aha d.uw w Mrr IYtorppN may ?wi+,n. m+Afro i?+~ Iws w~d.r wd po1F
d~, Nd~ M~d awrY. WY~ 1o iNd MORTGAGEE M iM MN~f n~ay M~P~~. MN! NcA M~d ~vNr wch policy ~hall b~ p~amplly ps:pned and dNiwr~d b
My? Mld by wid NIORTGAGEE a fvrtMr.MCwky ~o N!d n+at~ap~ d~W, and, ~w1 la~ thw~ he? (11» d~p In ~dv~na ai th~ tapir~tian of eacl~ policy. b dr
Uw? 10 ~aid MQRiCiAGEE • r~wal tlwe~wf. 1opt~Mr wiM a nalpt1~?'>~ p«ntan af wcb r~wal~ and then ~Iw11 bu no !w~ a win~b~am inw~ana
pload ae ~ny o1 uW butldM~p~, ayr In~at M+~in a prt Nr?wf. w~u in Nw iwm ~d with tM loss payabN as ~fwaaidt ~nd in t1» twiM an~t ~wn
of moMY b~oonw pnNW~ wwiM wcA polky a poiiciK vid MOR~GAl3EE sh~N Mw rhs optan a naiw and appFy tM s~rn~ a+ accarn~ of tM k~b~~
mu Ncw~d M~r~y a a p~enw~ ~id MORTG/1GOR5 1o e~o~iw ~nd uN N a~? pa.t M~~of fw o~F?er purposea, wi~hout thxrb? waivi~q w~mp~i?.
iiq puib. li~ or rpht u~nda or by virtw d Mis nwrtpayes and in tM ~wM wid MORTCs/?GORS sMll for any nason f~it to kNp th~ wid p~wnba ~o
iea~w~d. a fail q d~livu Praeipll~? +n~r of s~id polida of in~w~na b s+ld AAORTGAGEE. a fail ix~HY b WY fvtly ~nr pr~miwn ~her~fa a in «?q
nspat fatl to pMfa+q, d~sclwrp~. uaa?~~, ~fhd. aompNN. canPh? wUh ~nd aWd~ by thN a~v~nant. a any P++~ her~of, s~fd MORTGAGEE nwy plao~ ~nd
WY far wd~ Laurana? o? amr parl HwROf without w~tvinp a aH~inp +n~? option. I1M. +4~utY. or riplu wxlrr w by virtw of this Mor~~. and tM
h,U amow» of .,ch and w..y auch parmaa :I+a11 ba ;mm.d~».y dw and pyabl. and ~MIt b~ int~r~st kom th~ dat~ therwf until paW ~t th~ raa of
nirn pK anhNn p~r atwwm ~nd toptth~t with wth int~r„t ~II b~ s~cw~d by tM IiM of M~is mat9~pw
To p~rmit, aommH or wfhr no wash. Lap~irn~?t ar d~teria~tion of ~aid propKqr a~ny prt tMnof.
S, To p~y ~11 ~nd ~Mpular th~ ooats, dNrp~s ~d ~xp.r~, indudiny a r~qa~n~bl~ atta?»y's f~s and ooat~ of_ ~bstracts of tttle. kxun~d w paid ~t
~ny tin» by aid MORiG/?GEE, b~cw~e ot in tM w~at of tFr f~ilu?~ on tFr p+rt of tlr sald N10RTGAGOR w duly. Prompty ~nd fully pKfam, d~schuy~;
~x~cv!a, ~tf~tf. oompl~t~. ~wnplr with and ~bid~ by ~ad+ aod wNy ths atiPul+t~oro. a~~nenta. cnnditloea, and oovenann of said promiswry not~ and d?u
marqp~ +oY or eiHar, and said oost~„ d~pa aad ~xP~me~, ~+d+ +ed wWY, slwll be imn?~diatey dw ~nd p~yaW.: wAerM. a not Mere be norice d?
maed, anemp~ w ooll~ct a wit p~k~g; and tM fvll anwu~t of sid~ ~nd we.y wd~ paym~nt sl»II b~a. inttrest fran tlw dat~ th~eeof until p~id ~t th~
rot~ of e~in~ p~r pntvm pK amwm,; and ~N s~id aosn. dtiapes a~d ~xp~nsea intvrrd a paid, topetMr with wth intarpl, sMll M s~cured by th~ li~n of Nw
mort~ap~.
6. Th~t i~ th~ +wnt of any brexh of this Mortqap~ a d~fault o~ Nr put of th~ MOkTGAGOR, or (b) in ths eve~t aey of wid wms of mw~y
he~ r~feR~d to b~ not promptty and fuly paid within thirty (30) days mxt after the sarne a~ve~a!!y becoen~ dw snd p~ysbl~, without dem~nd or ootk~,
w(~ in tlw ewrst each and every tlw stywlatiar ayr~am~~t~„ aorxlitions and ~ots of said promissory note and th~s ma~papa ~ny w ~itha ~n not
~+h. P?~b ~y P~a~+~d, d'acl~ad, ~x~cvad, ~ffse~ed, aomplend, compli~ct wi~h and ~bided by, tMn in ~ither or any such ~vent tM iaid a~
yre~at~ wm menriwNCl tn said p~or+~issory no» theo nen~ininp unpaid, with interest ~arued. and all maxys secured hereby. shall becom~ dw snd p~y~
abk fortMwith, or tl+ereaha, ~t tM oprion of said MORtGAGEE, a fvlly and complNely +s ii all of tM said sums of money were orgin~lty stip~lated
to b~ paid on wd~ d~y, snythinp in aid pramisvory noM or h Mis Morqaye ro the contrary notwithstsnding: and theravpoa or thereafter at tM optan of
uid MORTCaAGEE. without notioe or dema~d. wit ~t l~w w In pvitY, theraFon o~ tFereafter ba9un, may be prosecuted as if sll ma~tys sawred hsr~by
F?ad rtMhxad prar !o ib i+ntitufan.,
7. That in th~ event tMt at t1+~ beginnirg of or at aiy tims pe~d'irg sny wit upon this Nlortgage, or ro forecloee h, w to reform it, p to enforp
psymeM of any d~ims hereundar. aid MORTGAGEE ahall ~pply to tht -Carrt haviny jwisdidia+ theroof for the appointment of ~ Receiver, ~wch Court ~MII
Forthwith appoint ~ receiver of said mortp~st! prop~ty ~II snd sinpvlar. indud~np all and singulsr ths tncome, p?oiits, issues and rcvenues hom whatever
sou:oe derived, ead~ and evrry of ~:~F++ch. if bcinp ~xpr~ssly understood, is hereby mortqaged as if specifialy set forth wnd dewibed in the y.antup and
habadum daus~s hereof, ~nd svch Receiver sF~slt IMVe all tM brwd ~nd effactive twKtiwn and powen in an
ywise ent~usted fsy a Co~rt to a Receiw~, and
sutfi +ppdntm~nt shalt be made by wc1~ Cowt as an admitted eqvity ani! a rn~ttst of absokit~ ripM to ssid MORTGAGEE, and without reference 1o ths
adequ~cy or insdeqwcy of N+e vsl~e of the property mor~~apedsoc ~p Hi, Whency. or ;,~solvency of said MORTGAGOR or the defe~xlanrs. rnd that such
renn, profits, incorne. issves and revenues sMq b~~ ~pplied by yucl~ Receiver scoordinp to the lien or equiry of said MORTGAGfE ~nd the pnctics of tuch
Court
8. To duly, promptly and tul~Y P~rfo~m. d'iscF~arq~. exa~N, effetl, aomplete, cp^P~Y with and abid~ by esd~ and every the stipulatiora„ sgreemanb,
conditant ard cove+wnts in said promisso~ry note and this mortyip! sei forth. ~
9. ?hat in the event tht ownership of the mort9+ped Premises. a+~Y PaA thereof, beownes vested in ~ person other than ths MORiGAGOR, th~
MORiGAGEE, Hs wcces~ors snd assipro may, without notios to the MORTGAOR, dtat with such successo~ or wccessor in interest with reference to this
most~sye and the.debt he~eby secwed In the ssme m~mar as with Mortg~gw withow 6~ any way vitiaYKg o? dischsrging the Mort~agors' Iisbility hera-
under or upon the debt t,ereby secured. No sabe of ths premiscs hereby mortp~ped ard ne forbeusnce on the psn of the MORTGAGEE w its suaesson i
or auig~s u~d no extension of the time for tt~e p~rme~t of tF~e de~ hereby secwed yiwn by tl+e MORiGAGEf o• in wcoeuors or ~ssiyna, ~hall operat~ t
ro release. dischsr~e, modify dWege or affect the wipin~t li~bility of the IWORiGAGOR hsrein, either in whole or in put. ~
10. It is specifka(ly agreed N+at time is of the essence of this eontract and th~t no waiver of any obligat~ow hereunder or of the oblg~tion tr y
cured hsttby shall at any time tl~ereaher be held ro be`a wsiver of the tem~s hereof a of the irutrwnent secwed herby. ;
11. In add~tion to the forego:n9 monthly psyments of pri~c:psl a~d imerest required by the pran'nsory note :ecv~ed hereby,_~pclyayor covenann
' and agrees to pay to mortg~gee with each monthlY paYment an add~rionsl svm estimated by morrgagee to be eqwl to 1/12 ofy,.~ ~t of the fdlow-
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P~~h ttxa levied or assessed agsimt the ~bove desvibed resl estate. ...•C ~.•.s.,~~
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B-Premivms on fire and windstorm irnursnoe as herei~ reqv~red to be canied on the improvements situate on`:~'i~o~ia•Q~,
C-Piemiums on such, mort9spe 9uaranty i~wuanoe as m~rt sqce :h~fl from tirne to time desm fit te carry t+or
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Mortgagee shall from time to t;me ewtify m~tgsgor te ~;A~ of the aNlbunt dus and payable hereunder .~d ~)fi , a~
pay_!~e oe ?he due date of the next monthly payment and exh s~xcessiw moroh rheresfter u~ril morryagee slia~ _ ~~'~y~,~
amwnt. Such swns shall be ipplied by ~nortgagee towsrd the payment of mat property taxes, intursnce p~ . c
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IN WITNESS YVHEREOF, the s+id N~RTGAGOR hp herevr~o.s~t~yn~ ~Q~, ~e 1 day fint s~qr ~ I.~
S~a 1' pre~ena of: r1~.CUn ~[LG~R~R~.j, S~. _
ST. LUCIE COUNTY.
. . . . . ~FCORO V~R~F~~~ ' o
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S7ATE OF F10RIDA -
I HEREBY CERTIFY, That on this --~u~ J~mf , A.D. 19 70
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before me personally appeared K,~11Y_~s~l a~} z
~s~ps~ti?~ely~- President awd• ~
, of
~ Y~~~~?10At-1~O~PpNY , a- lrlorida ~ Corporotion, to me
known to be the person~ described in and who executed the foregoing instrument, and a~l~C acknowledged the exe-
cution thereof to be ~ free ad and cleerd as such officer/ for the uses and pursoses therein mentioned; and that 1he,~/
affixed thereto the official seat of said oorporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and official scal at fort Pieroe
, , , P' ~-sdld,~aounty a state.
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2his instrnMnt prsparod by.
Jobp W. Cojiins ~ tr" `'f'eE ~ta and County aforesaid.
First F~dtsal ~ i
$~VfQgf SAd LOiD ~X e,:.~''y.-
Asaociatioo a~ Fost Fifrc~, 1~lozida ':r~ O ~r, J'~:'~,' ~'K. SUk of Horida at L.uqe
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i``~tom~uission F.xpira Aiq. 6 1971
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