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3. To place and conlinuously keep on the bui'dings now or hereaiter ~it~~te on sa~d tand and on al: equip:~,eN and perso~a;ly co.ered by thii mortg-
ege, with all prem~ums Ihrreon pa~d in full, f~re insurence in the ~sual standard poi~ty lonn. in a sum aHp~oved by Ihe h:uR:C,:+GEE, and w~ndstorm
In:urante in the usual ~tanc~ard pot,cy form, in a sum approved by ihe MORTGaGEE, in ~ such c~=»~any or comflan~es as the A~ORTGAGEE may ~
d~rett; ~nd all fire and w~ndstorm insurance • polic~es, on any oF sa~d build~ngs, any interest ttic~ein or part th~roof, i~ the agg~ _g~~e sum atorosaid or !
in exceu thereof, shell ten~ain tFu us~al sta~~d~rd mo~rg,~g'aZ!ause o~ su:h o~her cle„se as the Mortgayre may ~ey~,ie, making tt~a ioss u~~drr sa~d po~i- ~
c~es, each and every, paya5'e ro said A10RTG.4GEE ai its mtrrast may appear, and each end eve~y wch po~~c/ S~~dII ~1E pfOIT~1/I~/ ass gned and de~~~ared ~o {
any held by said MORTGAGEE as fur~har src~rny to said mongage drbt, and, not Iess than t~n (10) d3ys >dr~~xe of the eapirat~on of each policy, Io de- ~
I~ver to said MORiGAGEE a renev.~al ~h~•reof, together wi~h a rece~pt for t~a pre~mum of such :erewal; a•~d thrre slWll l~.no f~re o~ windstorm insu~ante `
placed on any oi sa~d b~itd~ngs. any interes? there~n or part ~hrreof, unleu in :hr (erm and with the ~oss payebte as a~oresaid; and in the event any sum ~
of money becomes payable undrr auch policy o~ po~~ues said MQRTGAGEE sh~Il have it~e opt~on to rec~~v~ d~:d apNly Ihe sa~ne on accou+it o( the indabted
nets Setured hereby Or to permit said MORTGAGOR$ to reteive a~~d use il a any pa+t tl~•..~•of ior o:r,• r~.u~, ~se•s, ...n:~.~e ~h u: ~v.:~'~~ ~7 e~ ~'~tP~~~'
ing any equ~ty, Gen w right under or by virtue of ~his mo:rgage; and i~ the eveM sa:d MO~TGAGORS sh~J :er any reason fa~~ to keep the said premises so
~nsured, or fail to dr~iver pranptly any of said ooLcies oi insura~ue fo sa,d MORIGAGEE, cr fe~: p~emutly ~o pay fu~iy any pre~n~~m thcrafor w in a~y
renpeU lail to per{wm, d~scharge, execute, effec~, canpte~a, co:nply with and ab=de by th~s covenint, or any pa~l h.reoF, said MORT:,AGEE may place and
pay fo~ such insurente or any part Ihereof without waiving or affec~ing any op~ion, lien, equ~ty, or r~~ht undcr w by virtue of this hlortga~e, and tht
full a~novnt oi each and e~ery such paymant shatl be ~m:ned:ately due and payable a~~d sha;l bear intenat from tha date therco( unt~1 paid at tha rate ol
n:~,e per centum pe+ annum a~d to~rth~r v.~th such interest sh~~~ be s~~cured by the 6en oi th~s mortgag~.
To permit, eommit w wffer no waste, impairment a detenoration of said property ot any part the~eof.
5. To pay a!I and singula~ the costs, che~ges and exFxnses, includ~:,g a rrasonable afrorney's (re a~~d cos~s of abstraUS of tirle, inwrred or pa~d at
eny time by aaid MORTGAG:E, because o~ in 1he eveM oi th~ lailure on 1he Far1 of thr said Mv81GdGOR to duiy, promptiy and fuJy p~rform, d~stharge.
execute, effect, complete, compty w;th and ab:de by each and every the snpuia~~ons, agree•„~•~,rs, co^.d~nons, and cove:~a~~ts oi sa d pro~n~ssory note a~~d ih~s
:,o~tgage any or eahcr, and sa.d cusrs, charges and expenses, each and eveiy, shall t~ imm~d~are'y due and payab:e; whe~her or not :hrre be no+~ce d~
neand, attempt to coliect or su;t pend:ng; and tne full anwunt of each a~~d e~ery wch pa,n,em st,all bra~ inr_rev from the date thereof ~ntil paid at the
.ate- of nine pe~ c<nium per ennu:n; ax: ali said cos~s, cnarges a~~d oxpxnses ~ncvr~rd or µaid, toc~athcr wAh wch ~nterest, shall be secured by the Gen of fhls
mortgage.
6. That (a) in the event of any breach of this Mortgage or defau:t on ihe pa.t of t},e 1t10RSGAGCR, or ;b) in the event any of sa d sums of money
herein referred to be not promp~lY and fu!ly paid with~n th,rty (30; da~rs ncar a~+•~r ~he s.~•~~e seve~a:ty beco~~~e d~e and payab~e, withoul demand or notite,
or (c) in thr event each and every the supu~atiau, agreemenn, cond~s~ons and covenants ot sa d F>ro•~uswfy note anJ :h~s rrwrtgage any or e~ther are nol
i~~:y, promptly and fully pe~forrned. d scha.g_•d, executed, effeUed, to*nplered, tompl~ed w~~h and a~•drd 5y, then in enher or any wch evem the sa~d ag-
3'~'7atB Sum mentioned in 3a:d pro:::isso~j note then remam~rg ~upa~d, with iivrrr;t act~~~d, ~nd a l men~~~s secured hereby, Shall bctume dvC and pa~-
~o e io~thwith, er thereafter, at ~he op+~on of sa~d h10R7GAGEE, as fuily and cump:etc:y as ii a~; of ~he s,,:d s~~ns oi money wcre or~g~na~ty st~pu:afed
to be pa:d on such day, anything in sad p~amssory note or in th~s Mortgagz ro the contrary nofr+~~nsiand~:~g: and th,reuHron oi thareefter at the op~~on of
sa,d MORiGAGEE, without not~ce or d~~na~:d, suit at taw or in equity, therefore or thrreaiter bcgun, may be prosecutrd as if a!1 moneys secured hereby
nad ma?ured pr~or to ns mstitut~on.
7. That in the e~rnt that at the beg~nn~ng of w at any iim•_ p~ndfng any w~r upo? ihls A'o~rgage. or to fo~eclose it, or to retorm it, or to enforce
payme~t of any claims he.eunder, said :~10RTGAG~E shail apply to the Covrt havrng +~rlsd.ct:on the~eot tor the appomtment of a Re:e~ver, s~ch Court shall
For.hwith appo~nl a rece~ver ot said mortgayed praoerty all and singu~ar, incl~d.ng aJ and s~~.~v•ar ~he ir.cowie. Fi~0~~15, i15Vf•S ar.d ~evenues from whatever
s: ~~ce derived, each and every of wh~ch, be~ng eapress!y unders~ood. is hereby mort}„ged as i4 sF.ec.~ua:iy srt for+h and descnbed in the granring and
h~bendum davses hereof, and such Receiver shaR have aii ihe b~oad and rffecrive fu~~cr v•~s and po.+ers m anyw~se entrusted 5y a Cou~t to a Recriver, and
r, ch appointment shal: be made by such Co~rt as an ad~~~~rted eyuity aed a rratter of a:;so:vte r~ght to sa~d MORTGAGEE, and w~~hout refere~ce so the
adeqvacy w inadeG~acy of the valve of the proprrty mo~~gayed or to ihe so.vency er ~,uu:.rncp o! sa~d MURiGAGOR or the defendants, and th,t such
re~ers, profits, income, ~ssues end revenues shail be appi:ed by such Recr~~er accord~~~g tc the iien or equ~ty oi sa~d h10RTGAGEE ar,d ~ne practice of such
Court.
8. To duly, promptty and ful~y perform, d~scharge, execu~e, eife~t, complete, comp{y w~th and abide 6y each and every the stipuiations, agreemeMS,
:o^dif~ons and covrnants ~n sa~d pro:nissory rto~e and th s morty~ge set fo~sh.
9. That in the event the owne•sh~~ of the mo!tgaged prrmnes, or any pa~t tncreof, cecemes vested in a person other than the MORiGAGOR, the
;'ORTrAGEE, its s~cc.ssors and ass~gns, may, w~fho~t noT~ce tu ~~e :~'.ORiGAOR, deat w~th s~ch successor or successor ;r, ir.terest wi!h reference to th~s
c~.o•t9age and thc d~~t hereby setured in the samt manner as with ~.1u~t~agor w~ihout in ar.y v~ny vit.ating or d~scharg:ng the rAo:tgagors' iiability hEr~
.,^der w upon the debt hereby securrd. No s3ie of the pren~~ses herebr rnortgaged a~~d no fo:bea~ance on the part of thc R'10RI~AvEE or its sutcesscrs
e• ass~y~s and no exteru.on of the t:me fw N~e payment of tht debt he.cby sewred g~ven by the 1: URTGAGE`_ a~ ~ts successors or assigns, a~~all operatt
!o re~eese, dacharge, mod~fy thange or affect the or~g~nal liabu~ty of the A'.ORiGAGOR I~ere~n, e~the~ in whoie or in part.
10. It is spec~ficail~ agreed that t~me is of the esser.ce of th~s cer:t~acs and that no wai+er o! any ob;:ganon hereunder er of the obli9atlon s~
cvred hereby shai~ at any tirrK thereaher be he:d to be a waivrr of the terms hereot or of the ir~strument secured herby.
11. In add Yc~ !o rhe To~ego ng mo~th'~ pay~n_nfs ot p~inc paf and imeres~ r=q~~r:d by the pro~ sscry ne~_ scc~rad hcrrbf, mertgagor covenants
e- d agrees to p~y ro ~.-o:rgayee with each n;onih,y ~,a~~.,ent an adci~r~onal sum rs~•:~~ared 'o~ ~:o:rg~gee to 6e eguai to i 12 oi +:ie ~n~~a~ cost of the foliow-
,3:
~ A-A!1 real prop~rty taaas ~ev~e~ or dS5_'S5-1Cl agai•,st the abo~e described r-at cs'a!e.
~ B-Fr~~:~ :•z o~ fi•c ard w~ndsro~~» ~nsurarce as herc~n requ:rcd to be carried c~z th-~ 'r-.rrcveme~ts s~rvate on t>i~ abcvc d_acr~bei! p?l+r~pies,
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~ C-Pre:> w., s a; ~ucn rrort~soe guaran+y irwra~ ce as morrgagee sha;l frc•- r me :o t:~n~• deem f;t to carry on the loan i ct1~e4 Q~~$~~ : ~
~ Rlortgegee s~a ~rom t~ :,e to !~~^c nc~~{y ~ncrtyager ~n wrrt;ng of the a~~ ou~t d.,e ard payahle hereu:~dar and such su,a~s~aM'~~Yev~d~ ~ due ~nd
! :,~ab~e o~ th~~ due oa+e of ~he n_•,f month.~ pa~•»ent and each success~ve n,onrh !~,Krea1!~r u-.t~, mcrtgagee shalf not:fy t~o~(ga~~!1p~f ~~i~~~{p ~tuch
~ , o~m. $v'h su:ns s~ ~ :~e aa~. ~ed uy mor.ga3•re w~eard the payment of rea' prcFerfy taaes, ~nsura~xe prem.wns, and` , f~ :~t~ ;i i~ee
t ,~~•e•^.iums_
~ ~;~i~' t's.•-,::;s' :
} IN l'~IT^~~5~ hHcP~qF. ~nv sa~d MORTGAGOR has hereunto sef h~s hand and seaf the day a ar firsl afo+euid ~-,t~f '
' S~g~ed, Sea~ed . ~ 1 e~ce or: FI~EO ANO RE~OND 0 R~U r,_~~bN
F - ST. tUCIE COUNTY F~. BY ~ ~ ~ ~ .q
} . ROCER POITRAS ~ ~ a~
CIERK CIRCUIT COU ~ ~
~ 5_ _~,v - t/ RECORO VERIFIEO~,~,~,~,S? : Seal)
~ - - ~ Zv ~ . ary ain, e~. ~s~aq
~ - - - - ~0 ~AH~j---- - - - - ~
~
~ 206691
~ STATE OF FLORIDA - ~COUNTY OF ST. LUCIE
~ 1 HEREBY CERTIFY, That on this day of Mazch , A.D. 19 7~, . ;
f
= Jack Crain Mary Lee Crain
E before me personally appeared and , .
• s
~ ~
~ respectively as President and Secretary , ~ ~ ~~sof. •
~ Buccaneer Building Corporation Florida ~ ~ ~ .1y' - -
a Corlipreti!?4').~b ,~1:~
- ~ - c.= ~ ( ~
_ known to be the persons described in and who executed the foregoing instrument, and severaliy ackno~tda~ f1~e~
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" cution thereof to be their free ad and deed as such officers far the uses and pursoses therein menlior~ed~HaRQ .t~t A~yr.'•~ r= ~
. ,s J . ,;_n.
" affixed thereto the official seal of said corporation, and the said instrument is ihe act and deed of "sss~id,,~; ~V:` ~r
:.Y . 1 3
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',3 ~ ~ t-,.•G' ~ ~ i
WITNESS my hand and official seal at Fort Pierce , sai ty nd state. ,
~ This instrument prepared by - - - ~
John t~'. Collins ~ ' ;
First Fedezal Savings and Loan No ry Public, in and for Sfate and County aforesaid.
~ A ssociation of Fort Piezce, F loz id Commistion Expires: f=_ .4 ; t;,.,.,,„ ,~t ~pN~E '
. ~ _ _ . _ . _nr ~ ~~:,v. 's9, 191Z
...~.~~D ;~~;,~..,rl,r r~4D Y~'. ni4~tYGLtlfid~L
` Checked BY -
Boox 191 s~ ~
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