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3. To ptaca a~id tontinuo~~~y kcep on th, b~~~'.G~~gt i~ow or Irerea(~er ~iluete on said ta~id end on ett .•q~~ p~ncnt a~~(I ~C~tOnO~~Y lOVe~OCI ~y If)~t morlg•
~gl. Wif11 •II prrn:wm~ theieexi pa~~ ~n 1~11, fv.r ~ns~iance :n Ihe ufual ~w~ufe~d Nor,cr }orm, in s fum o~,~;~uveJ by tliv MUK~I~AGtE. and wu~dstoim
inew~nte in tAa uwal f!~ndard ~v>;,ry fo~m, in a wm a~~p~u~aJ by ~he MORTGAGEE, in fuch tomp~ny or com~~amet as 1he A10RfGAGEE may
drtetlj •nd •I) 1i~• and w~nd~Wrm inwrance ~~oiiura o~~ u~y o1 we~ Du~ld,nyf. •ny inlerott It~or~~n or parl 1hrr~ul. ~n Ihe eflflerge~e turn •loresait~ or
in excess ~hereol, shall ~u.,~am M,e ~~wal slandard nW~tpa9ee dsuse a auch oiha~ cleu~e •s Ihs Muriyayae may rcy~n~~, melinfl the ioai u~xler i.~~d poli-
c~ef. each ~nd eve~y. Mvoble ro se~d ~1~~~RIGAGkE af ~b ~nlrreft m~y ~p~o~~, •nd each e~xt eve~y ~urh por~cy sl~~ll 1w pro~r<<,Ny 9.~rJ enef drLwe~cd ~o
•ny hsld by ~e~d MORfGAGif es (w~hor iec~rity ~o smi ~~~or~ye~e dabt, •nd, not les~ lhan ten ~101 days in odvenin ol the eipvaho~~ of rech pohcy, to de-
iwe~ lo seid AIORiGAGtE s renevv~l U~e~eof, toflethar with •~rce~p~ lor ~he preanum of wth ronewal; and Iheit ~hall be ~ro f~ro or w~~~d+ionn inturanca
t~~strd on ~ny o( s~id build~~,gti, a~~y intrresf thcro~~ o~ pa.t th~~eof, un~cs~ i~ ~h~ (onn end wifh the ~oas pay~l~te ss e(oro~aid; and in ~he ewnl •ny s~m
OI nronsy (xcomei payable u~~der wch Ewlity O~ poLcioa ~.~d MURIGAGEE sAall havs Ihe op~~on 10 tecrwe and oppty tl~o same on account 01 the indebt.d•
r~rsf sKUrad Mrrby w 1o pc~mil »~d MORTGAGORS ro tecrire ~i~d w~ it p any parf NKicof for orhor µv~~ ~srs. ~:~thc,.:1 ~h u~ w~~v~ o~ ~n~p~~r-
in~ any ~qu~ty, lien or nght u~xlrr o~ by vi~lue o) thie mo:!gegu; and in Ihe eveM ss,d h10RiGAGORS shell for ony rr.~son lail to krep the saiJ premitrf fo
~nwrcd, or (ail ~o dr~~vai p~o~np~ly eny of s~id pol~<ir.s ol inw~ance to ?e~d MORiGAGtE, o~ 1~~1 promptly to ~•ey futly any prr~~~~u~n thci~tor or in •.~y
~e~pcct feil to perio~m, d~s~ha~~r, ex.•ivr~, eflec~, cumple~r, canply wnh •nd •b~de by thfs covenen~, w any p.~~t ha~eol, aeid MURIGAGEE may plsce s~.d i
pey ior such insurance ur any parl ~hcrioi w~thou~ weivin9 cr aflcctinq eny op~ia~, lien, cqu~ty. or r~ght ~ndrr or by v~rtue ol Ihit Moi~qe9e, •nd tht t
h~ll amuunt ut cach and e~e~y svch paymcn~ sheU tx immr.liately dve a~d payable •nd ihaH brer in~c~~~st f~um Ihe dNe nc~~co! w~~~l pa~d at th~ ~af• o~
~~n~c per ctnt~m ~r ennu~n an.: to~rU~cr N~~ih luCh i~~M~cft shail :x acc~red 6y Ihe liln o1 thif mo~?9,oe. F~LED AND RECOROED,
1. io permi~, cwnnut o~ sutler no weyte, impaim~enl w detcrlore~io~ of ta~J property o~ eny part thercof5'~'. ~UCIE CQUNTY~~. F~.A.
5. To pay ell ~nd ~i~~gvlar Ihe cofts, cherpes and ex~xnses, includinfl a reatonable snariey's Iee snd toata o~t~~~iv~~~lcU[~~e or peid al
nny t~~„r by ~o~d Mc~RiGqG;E, bccau~e e~ in the even~ oi Ihc fa~lure on tlie parr of the sa~d ~N10RIGAGt?R to duty, pranpNy snd f~lly perlpnn, d~fcherge t
_Arwta, eitcct, ce~~~ple~e, con+ply wnh a~~d •b.Je by ea:h •nd rvery the at~pv~ef~ona, •g~ee~ucnta, cond~nai~, snd cove~~an!s ol sa~d p~om~ssory note and this
~~o~~goye any or e~~her, a~:d sa:d co?tf. <haryes and eapenfn~, esch arxl eve~y, shsll be immrd~ete(y d~e and payab'r; whe~h r o~ r e n n~e dv
~~~an~, attempt to colirct o~ s~n ~~e+xl~ng; s~u) the (vll snwunt of each and evrry such pay~nem shell bee. ~s~~ the ~ts~eo~o~ at th~
r:+i• o' nuic pe~ :rnh~m ~~~r an~+. n; .nu al~ seid tosts. du~gef ~~~d cRFwnsca i~KU~~rd o~ pa+d. loyathNr wJh s ~n shall ^t edb I~ n of ~hn
inOftfl~90. 1 V`~ l~~ L ~ ~
A. Thet (ai in ~he evc~? of any breach oI thi~ Mo~tqsge or dclsult on the pa+t o1 tl~c MORTGAGOR, or (b) i~ tho evenf •n~(,Qf•,,7~y~ mt di mo~y
hr~e]n ~elo~~e.~ hc r~oe pro~np!ly a~id tully psid wirhm th~rty i3Q) daYS next alfcr ~he sa~»e savero'ly bcca,~e d~e e~~,(~?~. ~
l i l{ p~ 1~~ind o? no~ c.
;,r thr cvenr cach and rvery ~hc shyulo~~ons, s yreeme~ds, tond~nons end covcr~ann o! sa.d prom~twr y n
oi~ ~r ~
l;~
f~ ~ H p{~(!~~' T
n t~ e~ T are no f
iuly. pro~~,pNy cnd t.~;iy pe~for~e~rd, d.acharged. ea~tuted, elfected. cd~~pletrd. compl~ed w~~h and ab~ded ~iy. then in ea r a any such wenl Ihe ?a~d ap.
a'eyerQ ium me~~no<•rd in 'aa~d prumnswY notr then rrmamin9 unpa~d, w~~h m~rreat ecuurd, and ail mo~ry~ sec~~ed hereby, shell txto~nr due snd pey
+b~e forth.r~th, o~ drrrea'rcr, at the opreon of amd MORiGAGEE, as fuity ard comp!rtely af if aH of ~hc s.~~d sums ol money were or~gmally st~pul~ted
~ p•~.d o~ si~ch d.:y. a•~yth.ng in se o pro~masory note or in th~a Alurtgaqe to ~he co~~~~ary nc~w~~hs~a:~d~~w: and ~here~po~ or ~hrrealtrr a~ the opr~on ol
++:d MORTIaALEE, v~.!hevt no~~cn o~ demanti, suN et law or in equity, therefore d ihtrcefter kxgvn, may tx p+oaecuted as if •N mon..ys ~ecvred hereby
ned mewrrd pr~u~ to ,h i+ist~tuhon
7. ihet in the e.ent that at ~he bcgmn~ng o1 a at any t~me pe~~ng any su~t upon this Mo~tgage, w?o foredose i~, or to re(orm it, or to enfores
pa~~mMf of an~ cla~ms he~eunder, se~d MUR~GAGEE shafl apply tu the Court hav~ng Sw~ad~ct~on rherrof for the apNO~nnncn? oi s Rece,ve~, fuch ~our1 sheH
FonhvY~rh ap~'~c+M ~ r_•~~,~~r of se~d r„ortgagod p~ooer~y ell snd sing~lar, includ,r,g a!1 and s~ng~lsr the ~n~ome, prol~rs, hsuca ard reven„es from whatever
source drnved, each snd every ot vth!ch. ~t lxu~g eap~essly understood, ~s hereby mort9aged ai ii speaficeUy set forth snd desu~bed ~n the 9ranhng and
hat.end~m ctae~ses herrof, a~d ~uch Recri.r. sh.~ll havt all the broad •nd effechve funct,o~is end poweri ~n anyw~se en~r~strJ by a Co~~~ te • Recei~er, e~.d
i, ch appo~~rrn~•~,f s~e!! be n:aJe by aoch Courr as an admiltrd rquity an.d a nulter o~ absolut~ r~yh~ to sa~d MURiGAGEE, and w•~~he~~ reference to the
n.l,qvaty or ~nedrq~acy o( th~ val~e of the property moregeged or to tht so:vanty or uuoiventy o) sa~d MORIGAGUR d tht dcf~nJants, snd fha? ivch
D+°}'=i• '+Ka~u• +~sws ~+od ~~ve~wes sh~tl be sppired by wth Reteirtt afS9+~~~~ ~o th4 iien or equity ot se~d MURTGAGEE end the procACe oF suth
~ uVf~.
8. To duty, promp~:y and IuNy perform, d~scharga, exccvte, effeet, complete, comply w~ih end eb~de by each and every the stipulatioos, agreerrmrtf~,
:onddeOnf snd covene~}ts ~n sa~d prom~saory note end th~~ mwrgage set lath.
9. That in the event the ownersh~p ot the mortgayed prem~ses. or •ny part thereof, becomef vefted in a person ether iha~ the MORTGAGOR, the
RT(',AGEE, irs wccrsso:s snd ass=gns. mey, wi~hout no~~ce to the ASORTGApR, deal with wch svccessor w wccessor ;nterest w~th re{erence ro fhis
o~rgage snd rhe deu~ hc•c•hy sec~red ~n the seme msnner es w~th Abrtyago. w~thout in eny way vit;ating w d~sc~~a~g~ng the Mortgago~s' Iiability hi~e.
.~dc~ w upw~ the d<~U+ h. ~cr~ sr:u~ed No iaie oF ~he premisea he~eby mortgaged end ~o ~orbearance on the part of the MORiGAGEE w iq suttpson k
e~ ass~g~s and no r.te, s:o~i ot +hr r,mr for the payme~t of the debt hercby secured 9iven by the MORTGAGEE or its successas o? au~yru, ~lull Op~rate
ru rc!eese, d~scfiarge, mod~fy ~henge or affed the or~g,~al liab~idy of the M.ORfGAGOR herein, eether m w~ole or in part. ' « '
~„~~~N?u~N e
'~r~
10. N is spec~f~c.t;y ,,qreed rhat t~me is of the ease~ce of th~s co•~nact and th~t no waiver of any olllgat~on hereun~er~~ ~y~}~
c. ~rd herebr sha!; at any ti.~.ie thcrealte~ lx he!d to be. a warver o( the terms hereaf o~ 01 the insr~ument secu~ed herby, ~~i~
.
I 1. tn .~,i;d ~,:i rne lure_je •r.onth'v pay~nents o( pr~-.c pa! and ente.es+ requ~red by ~hr ~,:.:m ssory nc~e s: cured ~1b~~ ~••.tpr~~ n~~
~~,,i ag~ees ro pa~ to t~.ayec v.~th r~ch ~n~~th;y pay~,,e~~t an ad~~r~o~al su~n ast rated by mortg~gee to be ey~ai to 1 12 of~iw R~~~p~jpy~ ~
~ J . a ~ ,~y ~ i
Z ~p-I+ a •Z
A-All .ral prape~ty taxrs !e.~::~ or assess;d agar:st thc aEove dcscnbed real Fstare. A' ~~~~j' ~
~r
B f'r.-~„ v s cn f,.r and ~~.,nds!o~m ~ns~rar.ce es here~n rrqv;~ed to be carri.~d on the improvemt~tt f;tuate on the aboJ~ ~j~~e~{~,r~~f~~':~
C-Pre•••:~:~s o~ su,h n,ore;~,g~ g~,,ara~fy ics~•a~.ce as mo~~gagee shail fron- tme ro t~mc d~~em fit to tarr y on the ~oan'yc~~ ~~~y~~~.*
Mw!gagcv s'^.. •ro,n t,,,.e to t~~n~ rtOh}y mortgagot m wriu~g of the arno.~t due a~d payable hereunder and such sum s~jl f'~e~'}'~~d~jr~
.~~ebte o~ the ~i,r ci.r~e of rhe ~e.t rnonth:~ payn,eni and euh successive monr~errefl~r ur.ril mertgagee sha!) not~fy mortga~ o~.l fuch
~nt. S~ch s:,~„s a~~: E~e a; ~ed by mo~tgagee towa~d the payme~t of re~! ro rt taxes, insurence rem.ums, and mortgage ~~INSaI~?`~~~
P ~ y P ~nwrance
:~-e•r.ivms.
tN 1'rl7r1.~; Nc ~~~F +i,e sa~d MORiGAGOR has hereuntr - nis hei:d a~ seal the da and ear first aioresaid.
s;9~J d, s~.~~a a,d d~~~.~ presence of: FIRST BAPTIST ~ H OF IT INO.
X ,L~.~L_(t-_~~e^- BY: :
. i
~
- ~ ATTEST : ~ cs~,~~ ~
cs~•n '
- - - es . oo ep, e . °19 cs~.,t
STATE OF FLORIDA COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on this / 9~ day of_ ~P'te~~r , A.D. 1970 ,
before me personallx ap
~ar-e`d ~I`='is G. Sheffie2d and Chsrles E. Cooley
8S (ihalI'~il ~r ~!u.;*....,
respectivety IWfrl~i~cand ~ Y~'i}~ t•
Secretary of
_ First BapList Church of I~R~ite City, Inc.a Florida ~
• - {'dr ; ~r' rb•
' ~i~
: ~ ' ' t ` :
known to be the persons described in a~d who executed the foregoing instrument, and severall~r'ackripQr( .~~xe- ,
y ` = ~
cution thereof to be their free act and deed as such officers for the uses and purwses therein a~~ ~ y~y ~
affixed thereto the official seal of said corporation, and the said instrument +s the act arsd de~lbf'~Sei~•cQrp~t{~on. t
W17NESS my hand and official seal at Fort Pierce , said county and state!'~~'''~~. ~..1''~~ ,t {
This instrusent prepared by ~ _ '
John W. Collins _~--~i~t---~~• `
First Ffederal Savings and Loan Notary Public, in and for State and County aforesaid.
Association of Fort Pierce, Flot'idA My Commission Expire~~ ry~g~ ~At@ OF FLORIDA AT IJINCE ;
MY COMMISSION EXPIRES SEPT. Z3. 1973~ ~
80NDED iHRU FltFD DlES1ELfl0~lt
Checked By -
i
$UflK ~U~ F'A4f ~~~rVV
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