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and comim+a+shr kMP on M~ bufldinp~ rww a M.~afN~ si~wt~ o~ Nid bnd and o~ ~II pui~a.e~ ~nd psr~ty oow~~d M? ~+w?~P i
p~. vriM ~H pr«nwnw tMnon p~id in fvil. lin h+sw~e in ~M wwl u~nda.d polk~r ~an~. in •~wn ~pprowd by th~ MOR~GAGEE. and wir~twm
Mrw~na In iM u~wl aanda~ pol~c~r fora~ M• w~w ~ppw~d by ~M MORT4AGEE. In wch con~panY a comP+Ki~s a_tM MORTGAt3EE ~n+y
d~ne4 +~+d ~11 fi?i M?d wte~d~tonn t~aw~na poliei~s on ~ntr OI Nid OY~~M~. MW ~INp1 tMf~111 W pM1 IIMtlOI, In th~ app~p+ti swe db~wW a
In ~:wa ~Mno1. ~MII coraNn Nw wual atard«d mapp~+ ctavM a wd+ alw d«,w a NN MorpapN ~y ~pva~. nw?inp N» Iw~ u~ ~tid po1F .
ciw .ach .nd wNY. Mvabw a ~.W MORTGA<3EE in iMa.s~ nwy app.a. .nd ~.ch .nd ~vNr wch Pa~l ~h.u b~ pranpHy sa pn.d .nd dtliv...d a
~ hdd b~ wid MORiGAGEE a~ fwt1+K secwity ro s~d mwpp~ d~W. ~nd. ew bs~ thw~ Nn 1~01 days to ~dvwrc~ o( ~M ~apir~~an ol ~ach policy. lo dr
livw to wid MORTGAGEE • ceeKwal tM.wf. Mp~thK with ~ netipt fa th~ pr~niwn of wch nnew~ls ~nd.~M~~ shall b~ ro lu~ a wind~~am im~x~nu
p1~nd an a~y of wid buiMi~ps. ~ny inta„t thx~in a pat N»nof, unlNS M tlN iorm u~d wi~A tM loss p~~ab1~ as ~faaald: Md I~ t!~ ~wM +~Y ~
o{ n~o~y beca~ p~yabla ~r~ wch policp w polici~s uid MOR~GI?GEE ihall Mw dw optiw+ w r~ceiw a~+d apply tM sanw an ~ccoum o1 tM M~d~btd~
nas Nc~w~d M.~b~r a a pamit wtd MORtGAGORS ro nwiw ~nd w~ M a~ay parl Ihtt~ol fw othrr purposd. wi~hout ~harcb~ waivi~~ w ~mpair-
inp an~ puiry, li~ a~ipht w+da w by virtw of lhis mwtyap~t a~d in th~ ~wa~ wid MORTGAGORS sMll ta anr reason Isil to ke~p tM aaid pnmisea w
inwhd, o~ idl b d~livK pror~ptly ~ny of said politiN of in~w~no~ M s~~d MORTOAGEE, ot (ail promptly to pay futly ~ny pt~mium tMr~fp w in anY
r~~p~ct t~il w p~rto.m, d'acAup~. ~zecvt~, ~ff~cl. compbt~. comply wi~h w~d ~Wd~ by N+is covo~an4 a any pa~t M~eof, uid MORTGAGEE may p1ac~ a~d
p~Y fa such irour~ or any pa~t thKwf without vwivirg a aH~cttnp ~r op~ioo, IiM„ squ~h?. a~qht unda a by virtw of this Nb.tppe. and tM
full arnoun~ oi ~ach and w~y weA paym~nt ~MII b~ ier~di+t~tp dw ~nd p~yabb ~nd ~hall bear int~te~l frorr? tM dat~ ther~of un~il paid ~t tM r~a o1
nin~ pM ou~twe pK aMUm ~nd topethe~ wirh wch iate~e~t shall b~ s~cv~ed by tM IiM of Mis matype.
1, To pKmi~, eonwnit a w((M no wast~. imp~irment w d~tKar~tion of said propMry a~ny pan tlxreof. ~
5. To p~y ~1) and sinpul~r tM co~~s, d»rpq and ~ap~na~, indudirg + h+so^+blt +iWr^~1'~~ fy and wsb of abstr~cts of titl~, incvrred a paid ~t (
~ny tims by said MORTGAGfE. b~uvs~ w M+ tM ~wot of tl+~ f~ilw~ on th~ paN of ~M said MORiGAGOR ro duly. Promptly •nd fuu~ Pe.iorm, d~scharye.
~xecut~. ~ffect. complet~, oomply with and ab~ by e+ch and every the stip~latio~a, preements, conditiora, and covenanK of said promiuwy iwto and ~hii
mwtyap~ ~ny w ei~hK. ~~d wid cosM, charyes ~nd exp~nse~, each and ev~ry. sha11 immediat~ly due ~~d paysble: whe~her o~ not ther~ be notiu dr
mand, attemp~ ro cdkct or wit p~ndinyj ~d ~M full amovnt of each and ew?y wch p+ymem ~h+ll bea? ir+rerest from ~hs dat~ tMreof vntil paid at th~ .
.ate o~ nin~ per cemum per annum: +nd all.said ewts, char~s and sxp~?s~s inwrr~d o? paid, tope~Mr w~~h such int~r~it, sh~ll bs s~c~red by tM ti~n of this
mat9+ye•
6, ihat (a) in the ~va+t of ~ny brNd+ o( this AAortya~ or default on tM pi?t of ths 111lORTGAGOR. w(b) io tM event ~ny of ssid sums of nwney
herein refer~ed to be not pranptty and fully p~id wiihin thirty (30) days ~e:t after tht same uverafly becane dw and payable. withoul demu?d o~ notita. s
or in the event each and every the stip~letio~b agnemtMS, ow~ditions ~nd covtn+~n of uid promissory ~ote snd tlws matyape any w either ~r~ nd
~uly, promptfy and fulty perfamed. d~sd+arg~d, ~xecvrod, ~fhaad, campl~t~d, compli~d wi~h and abided ~iy, then in ei~her w any such w~M th~ wid ap~
yreyst~ swn ma+tia~ed in said promiuory note then rem+ini~p unpaid, with inttrtst ~cuwd, and all moe+eyt secured hereby, shall becom~ dw and p+p
•ble fwthwith, a tF~QfNffN~ at the opt~on of uid MORiGAGEE, u f~lly and complaely +i ii ~tl of rhe said wms of mo~ey were o~igindly ~tipulated
to be pa~d on svch day, anything io said pramiswry_ffiM or in this Mwtpage to the contr~ry ratwithstandiiSy; and there~pon or thertafter at the option of
uid MORTGAGEE, without notice w dems~, suit at liw w in puity, therefore or Mereafter begun, may be prosecuted as if alt moneyt secured hereby
had mafuted pr~W ro ib institution. ~
7, TMt io the eve~t lhat at fhe beginniig of or ~t any tim~ pe~ding any wit upon this Mortgsge, « ro faeclose i?, or fo refam it, or fo er?fwa~
paymeM of u~y claims herevnder, aaid MORTGAGEE shall ~pply to the Cou~t h~ving jurisdidion thereof ior the +ppo~ntment of s Receiver, such Co~rt shall ;
forthwith ~ppoint ~ receiver of said mwtgagad properly all u~d singular, inc{ud~~g all +nd a~ngulu the income, profits, iswes and revenues from whatever
source derived, ead~ ~nd every of which, it beinp expreuly w~d~rstood, is hereby mortgaged p if speufiically set fath and de~uibed in the ~rantirg snd
habe~dum ciauses hereof, and such Receiver sh+ll h~re all the bro~d and effective fv~d~ons and powers in anyw~se entrusted by • Cou.t to a Receiver, and
sucfi ~ppointmeM shall be made by s~?ch Co~rt ~s ~n admitted equity and a msner of absolute right to said MORTGAGEE, ~ ~nd wifhout reference to ths
sdequscy w inadequacy of the value of ~he propa~ty matysyed or to the solvency w insolvency of uid MORTGAGOR or the defendants, and that such
rents, profin, iercome, issues and revenues sMll b~ applied by such Reoeiver ~ccwdirg to tM lien or puity of said MORTGAGEE ar~d the practice of such
Cour?.
8. To duly, promptly ~nd f~lly perform, discha?ge, raecute, effect, compkte, comply wilh and abide by esch and every the stipulatiaa, ~greemenn,~
conditiora and covenaros 1n sa~d promiuory note and tAis mort9age set fath.
9. That in the event the ownenhip of. ths mwtgsyed premises, or a~y put thereof, becanes vested in • person othM Nu~ the MORTGAGOR, tM
MORTGAGEE, in successon and auigns, may, without notice to the MORTGAOR, deal with such successor or successor in iMerest with refcrence to this
mort~ya and the debl hereby setured in the same ~nsn~er as with Mortgagw without in any way vitiating w dixharging ths Matgagors' (isbility her?
under or upon tlx debt hereby secvred. No s+~e oi the ~emises hereby mortgaged ~nd no fortxarance on the .part ol tF+e 1NORTGAGEE w ita successws
w augns and ra extensan of the time for the p~yment of tAe debt hereby secured pive~ by the MORTGAGEE or iri successors a aui~ns, shalt oper~te .
ro release, dixharpe, modify chsnge or affect the uiginal li~bility of the N10RTGAGOR herein, either.in wF?ob or in put.
10. It is specificatly agreed that tim~ is of tFw essenc~ of this contract and that no waive~ of any obligatan hereunder or of the oblipatan sr
cvred hereby shall at ~ny time tixreafte~ be held ro be a waive~ of the terms hereof or of the instrumeet sec~red herby. •
11. In add~lion to the fwego:n9 monthly payments of princ'pat and interest required by the prom~uory note secvred hereby, mortgagor covensnts
and sgrees to pay to mortgagee with eaci~ monthly payment an additansl sum estimated by mongagee to be eqwl to 1/12 of the annual cost of the follow-
ing:
A-AU real property taxes bvied o? asses~d against the above desvibed real estata • .
B-Premiums on, fire and windstwm i~turance as herein requ~red to be carried on the improvements situate on the above desuibed, prsmiN~.`
C-Promivms on such mortgage gwranty insura~ce as mwtgagee shsll from time to time deem fit to carry on the Ioan secured Ferepr~//~//ii~~~
Nlortgagee sl~all from time to time notify moitgagor i~ writing of the amou~t due and psyabk herevnder and such wm shaN b~ ~:aoa'
~
payable on the due date of the ne:t monthly paymeM and exfi successive rtanth thereafte~ ur.til mwtgs9ee shall notify mortgagor~tlf a~ch~~~~~{~. ~
' amount. Such sums shail be appl~ed by mwtgagee toward the payment of real property taxes, insurarxe prem:ums, and rta?t~~ ~puif~~al~{~ p=`
4 Wemiwaq. ~ , , • _ ' V . ~
' WITNEU wH the said MORiGAGOR h~~e~wOA~+t ' he da and first afaessid. E>
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p ~ t~'~~~~i~~~~ - 8 ~ ~ ~ '
_ s~. .~a ~.~a - N» °fiST. LUCIE COU ~ ~ y ~ trC.~` ;.o
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~ RECORD VERIFIEO ' Q ~
; Attest a
; '10 AU6 q AM 9 : 30 ~ ~ . ~ ~ ~ ~ ,
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ROGE R POITRAS
STATE OF FLORIDA •CL~~14C~JQf QbU~
I HEREBY CERTIFY; That on this -3~~ day of ~ A~~t , A.D. 19 7O , ~
before me personally appeared Cleat C. Benton, Jr. A and Julius Lee, Jr. , rreasurer
~ respectively President and 30iwp~qt Treasurer , of
~ BBN1~pN PROPBRTIES, INC. ~ , a Flozida Corporation, to me ~
~ known to be the persons described in and who executed fhe foregoing instrument, and severolly acknowledged the exe- s
cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and that they
~ affixed thereto the official seal of said corporotion, and the said lt~ytu~trient is the act and deed of said corporotion.
,,~.~~u~~~~,,
WITNESS my ha~d and official seal at Fort Pierce ~ }~id oounty and state.
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~ This instruaent pzQpared by ' ~j x
. ~
Ja,aes D. Chaatain ~ for St e and Counry aforesaid.
First Rederal Savings and Loan ~
~ '~es: ~y_
~ Association of Fort Pierce, Florid~? ~ '
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, ; ~__~=•'i.~~~-= ~tw ~ub6c. 3lsM ~~lo~d+~t,~
' ~ V !MY Co+~missioa Eipir IWp.
Cheticed B~-- S~ i;~ M.a~ w ~..rw~ cr.11 ia.w~r !w
Y ' ~~J~ll~i~~~tti~~~~ .
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. ~ . ~o~c186 n~ '53~1 ; ~
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