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1. To pt.+t? and Rm~inuotiity Acep on tho b~~'d~ngs nuw w Me~eaher f~t~at~ on s~~d ~and and on ~t~ a ~~:nt ~rd ~.erfa~a!~y t:,,rr~ by thit n+dt9-
~g~. w~tA all ~urn:wnn ~he~eon ~.oJ ~n 1.,11. fi~e :~~wra~ue ~n the uaual st~~~cfar.) ~:,tY tor~,., in a ~,.m aHpro.cd thr nt,;K,;,~:,.,ff. a~.J w~:ulsro~m
~nturuue in ~he utiwl ae~ncls•d ~~uLCy t~rm, m s sr.m aFpru.ed Ly ~hs MORIGAGEE, ~n wcA tw~+p~~~y or c4~*~}~a~r.es as ~~~e A!OR1:,AGEE may- ~
d~•rcej and ~11 hre a~,d w~r~c1?w~m ~nsura.+ca pol~c.cs on aoy of sa~d bu~id~ngs. any imr.eat ~hrreu~ o~ pa.t t1.~r.v4. in tne agy~• ya+e svn. atw~said o~
in e~cess 11+e~eot, s~•eil :a~~~~,. n~ uswi s~a,~dard matgegae clauss w~uch ad+ee c+suse as ~he M~rey~yee mey rryu.re. n.rl~..g ~h~ ~:u ~~~dr s.•,d ~wli-
c~es. esch and evr~y, p.+ioble ~o te,d \IORIGAGEE as ~b ~nterrtt ni~y appear, and each a~x! e~eey wch ~a,.c~ ai a,l 1~ ~~rcHr.;,~~y .s~ y•,c~l a~ d de.~..red ~o
•ny AaW by sa~d A1uC1:;A(.tE .?s f~rih~•~ s_~.u~~tr to ss~d n,or~~aye de~~. ar.d. not les~ than ten (t0i da~s ~e~ ad, u:<e o! ~Fk p~~.ea/~Jil of ~ech poi.cY. to de-
:.ve~ f0 3a~d A1ORfGAGEE a rer,r~nal thricoF, ~oyttl.~~ wifh s rrte~pt !or the prem~um ol suth rene.~a~; a.:J lhr~e s~wl~ !~r na f.rt o~ .r~ ~Jstu~~n ~nlvrants
placed on any of ss~d tn;~'J~~x~s. any mtc~est ek~re~n or pa~r lhercaF, un'ess in the lorm a~~d w~~li ~he tosa payob!e as a~c~eia~d; and in ~he e~ent eny sum
o~ mo*+ey beco~+es payable unJe~ s~ch peiicy .x poi~ues s+~d MORIGAGfE shatl hare ~1~e opf.on ro ~rcrnr a.n! e,~•:r tnr s.~~:,r an ae:ou~~e of ~Ae h~deb~ed-
ness secw~ed her~by o? to p~rin.t ar~d MORIGAGORS f0 ~cte~~r and ~ft it p a~ry pa~l 1lk~t for o:n. r~.u+, .;~rs. .:.~~::,.t ~h Ur .r.:~.. o~ r~~ya.r-
~ny aoy equ~ty, I~en w r~yht unde• or by v~rtue o+ thi~ mo:~yage; ac~ ~n the evenrts.d MORfGAGORS stw±( fo~ any ~cas~~ i~~t tc A~~cp ~he sa~d p~emisrt io
utwrcd. pr fail eo dr~~~ar p~u+np!!r anY o! sa~d polKies o4 insurenCe to s~~d MORTGAGEE. o~ fa:! prom~,tly to ~,ay 1~~iy a~~y pr~..nw.h tFkrrtw p in anY
resc•ect lai~ ro {xr(o.n., d~sch~rye, eaec~te, e~tec~, comµtetr, comply wi~h a~~d ab~de by ~h7s covr~~~v. o~ a~v p•~~t ha~ec•l, s.+~J Mi~R1;,aGEE may p~aCa a~~d
pey f~ auch insurence o~ ~ny pa~t thr,euf w~~hout vvaiv~ny or af(ecti.p any optron. lien, equ;ry, a n3h+ un.ler w b~ v~~~ue ol ~his Mwtqage. and ~At
fv~l anw~m o1 cach a•~d e.e.i su<h Na~mrM shall be ~m~ncdielcly d~! and payabte and ~hafl brar int..~•st from the da~e thcr~,o1 ~nnl po~d at ~hs fdlQ o~
.•~•~e ~~r~ crnt~rn ~r dnn.,m enc! ~o~..Ih~•~ ~n~eh wti. ~,Va•r~st Sheii Lx~ s.-c~red by the Len Of Ih~f mwtgage.
1. To perm~~, commie ot wfier no w.+s~e, impaun~nt w deterwranon oF ta~d property o~ any pe~f ~hraeol.
S. To pray ali and s~.gutar iM custs, cMrges ~nd e:~ius, inclvd~»~ a reesonable anwney's ter and cos~a of abs~rec4 01 t~t!e, incurr~d or paid e+
any I~me by saed MORiLAGEE, becevse a~n the event of the ia,i~~e on ~he par~ of tik ta~d h1ORIGA~R b d~ty, p~u~~Ntly and f~fly perfa~~, d~uhsrq~.
r,ecv:e, ellec~, c.Knp:cte, co~nply w,~h a~+d ab~ir by each •~.d a~ery the st~p~lanons, agrer~~~ents, ca~d~na~s, ar,d <ove:~a~~rs ol s.,.d pro~.~:saory no~e •nd ~6;~
~~oargage any or e~rhe~, ~,~d sa•d cuus, cha~yrs and eaprrtses, each and every, shaU be 3n,m~~d~otrly d~e and Vava~'e: whrther .N ~ot ehr~e be not~ce dr
me~+d, ane~»pt to cot~cce o~ svii ~nd•ny; and ~he full a~no~nt ol eacA and every auch pa,nxm shall txs. ,nrc~rae (~wn ~t.e da~e ~hereof ~n:ii pa~d at the
~,tr o+ ~.~~~r Exr :r~~t~:•~~ ~..•r ,.~~~~o .,nc: .osts. che~ges a»d ex~xnsrs nxurred or pe~d. ~uc}eti:ar ~v,lli wth u~er~rst, sha{i Ix stcured b~ the I~en O) th~~
mat9age.
b. 7het (at ~n tlsc e.ent of ~ny brrach of th~s 4b~tgagc a deia~St on fhe p.vt of the l,!ORTGnGOP, o~ ib) in the e~.M any of ss d fums of n.oney
hercin reErired ~n be ~:ot pr~.•:Ft~~ a:,d ~i~:!Y F>a~d .~~!}un th..tY i3p1 da~s r~c~r a:~.,~ the sa.ne ieve.a'fy tecej~.e d~e and pey.~bSe. w~U~out demand or nc+tKe,
cr ;c! in the e.ero each and e.e~y ~he stip~;auc,ns. ag•rrmrn~s. cond~nons and covenants o! sa d prom;~avey notr and th•s nK,r~gage aoy o~ eaher •re no~
~,,:y. pro••~pN~ an,f ~u::y ~xrior~r:ed. d,s<1,~~c~ exec~erd. e~~eaed. c~''sa+
pte~ed. compLed wnh and ab~d ti'+v. then ~n e.rher a any wch ereM the si,d ag
~>egate svm mem.o~~cd m sa~d y~:o:n~is~~ry ~wte thr~ ~en,amny unpa~J, w~th ~ntr~es~ acvurd, snd ~~i n:on~~t xtwrd hereb~, shatl becom~ duf p~y.
ab:r to~~hw~th, o. :hctca!ter, a1 ihe ep+~e~~ o~ ~a~d NORIGAGEE, aa fuiiy and compfe~ely as ~f a:l o( rhe sald wma.of monqy yre~e orgmatly s~~pv:~ted
eo be pa.d un s~ch cf~y. .v,~rh~:,g ,n d pro:r,~sso.y note oa ~n rhis Ma~gage to Me con~•a.y nota~ths/a•~d:ng; ao0j ~hc~cv~ion fl. thcreafte~ at the o~up~ uf
s.~,d MORIGAGEE,-~r,`~:vt no~~cr.o+ drn:and, s~~t at law or in eqwty, 1I1lrl~O.Y w thereatter bcgvn, rnay tre prosec~ted aa i) a:l mpne~s ?etuted heteby
n,d mawrcd pnor ro •ts ~~atnu::ai. - .
7. Ti+ar ~n ~I,~ r.rnt rb,r ar ~he tkr~:nn:ng of a at any t:rr.e pendi•tq any su~t upon rhis Morrguje, a to fwcclose it, d to telarm i~, w fo enforc~
pavm~nt of any ~?a~:~~s hr~eunci~~r, seid 1dJRiGAGEE sha~~ apply ~o ~he Court hsvmy ~~r~sd <:.o.~ ihr«rot lor the ap~,o~~Umrni o1 • Rrce~yer, such Court shal{
f~+thN'~th ap}~o~nT a r~~~e,.r~ o~ s,•:d n~.orryay~~c! prooerty all and ai~g~lar, inc~uJ.nq atl a:+d s~~.~,,:ar ~+:e ~r~o~.~e, p.of~rs. ~ssues ard ~evenues from whatever
seu•ce drr+vtci. ea:h a~.d every o~ wh.ih, ~T t<~ng e.N~ess:y vnde~s~ood. ~a herrby mo.:gagrd as if spec~Gcally set fwth and drscnbed in tAe y~am~ny and
hahendvfi.cie~ses hereuf. and a~ch Rrce~.er sheif have rll the b~ead and effecr,ve luncf•ons end powrrain anyw.se emruated by a Cov.t to • Receiver, end
t. ch appointn~rnt sne~:.ro n~de bti svch Ce~rr as an ad:+t;nrd eq~~ry and a mr~ter of abso:ute r:ght to said MCJRTGI~GEE, and w~thovt ~eferente to Ihe
e.!eauacy or ~.,ade;;.,acy o~ ~re vsi~e of ~hr proprrty mo.~gaged or to the so:vrney or ~nao:venc~ o( ie~d MORiGAGpR pr tAe det~,~daors, a~+d that suth
renn, pro}~:s, inco:nr. ~ssves and re~erues iha3i be apptied by such Receiver accord~ng ta the lien or equ~ry of sa~d MORiGAGEf and tAe pac?ict oi such
Court.
8. To d~!y, p.omptiy and iuUy pertwm, d~s:harge, execute, eifea, complefe, comply w~Th and ab~de by each and every the stipula~ions, agreemeots,
:ond~tions and co~enanta ,n sa~d p~om~ssory note and rh~s mo~tgsge sr~ fon6. _
9. 7hat in the eve-:+ ~he OWnQrSfti~ of fhe mortgaged prenuses, w any part thereoE, becomes VlS~lCI in a penon ofher than the MOlFiGAGpR, th~
ti•QRT(',AGEF, r.s s~cc_ssors ar.d ass~9ns, may, wu1+o~! no+~ce to the A10£iGAOR, dca~ wi~h s~ch s~rccesso~ o~ auccessor m~nrerrst with reference to thb
r. o~tg~y~e and thr dc.;t he~. ny stc~*ed m tMe same mano~r as wrth Nbrtgagor w~tho~t in any way vit;ati~g p dscha~ging the fRertgago~i liabi~ity h~rt
u,•der o, i1,e d..~f n~:-liy securtd. No sa;e of tl.~ prem~sn I~a~ehy nwngaged and no fort,~ara~ce on the part of ~he /AOR7GAGEE w iti s~,ccessws
e. ass~o~s and no e¦se~s:rn of :he t;,ne f~ the payment of the deb~ Fiereby secured givee by ~he MpRTGAGEE o~ its successws or ass:gna, stiall operatt
ro release, d~xharge, mod.ty change w etfect the or~g~na1 Itao:~:ry of the MORIGAGpR laerein, either ;n whole a in par~.
f0. Ir is speofi<a:;y rgreed rhat r:me is of fhe essence of this tomracl and that no waiver of any obliga~~on he~eunder pr o! the obliyation so-
cc,red hereby shat~ a7 any t~~,:e ~Fkreatter b• heid to be a wa~ver of the terms hereof a of the instrumem secured herby.
11. In~~~,~~ ro,?t~e fwe3c •~.~vhly paymems of pr;n~ aaf and inftrest ~eq~~red by the prom'sicry rw~e scc~~r.d hereby, mortgagor eovenanta
j^d agr~o!'1o pa~,~0 Np~~ ~ag~ ~n+th each rno~~h:y pay r:ent art add~r~onal wm est,mated b~ mortg~gre to Fx equai to 1. 12 of the annual cost of tFK foifow-
~^9= v~: `
\r ~
'_~~Ii~l re~ Oiop',er~y~t~,as fev~e.S or assessed aga~•,sT thc a6ove desc.~.}.ed .eal es~ate.
B-Pra++-~s ~(4.~~a vr~ndsto•~n ~niwarce as here:n reqv;red ~o be ca~r~ed on the +m;,.oveme~ts s~ruate on the above descr~bed premises.
CT~re~ ~ a~t~ic41lr:~rryig~ g~a~anty ,rsura.:ce as mc~tgrgee shatl f~o.^~ ~~ne to e;•ne dcem fi~ to cmry on the Ioan sec~red hereby.
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'lldrtg ~.ri1~~e to ti~.e ~ect;fy mcrtgagor ;n wreling o4 the amouM due and p~yab!e hereun~.-r and wth su~~ shaSt there~pon be dve and
:-AH~{t?~ ~a~a eF?tKe ne.t mand,;y payment a~d each successive moneh ihereafter ur.f7i mo~tgagee shaU net~fy monyago~ of a change in sw_h
o SOr~i su~!'s'~ •~:x ~:p:ied by mortgagee towa•d fhc payme~t pf :eal property ta:es, msurance prem.ums, a~id mortgage gua.anty insurance
: =br~s' ~
- ~;hIN„YH~r~E~S ~~~OF. ane sa~d MORTGAGOR has Fwreumo set his hand and sea~ the day and year tirst afaresa~d.
. 5~~t~' ~n the preseoce of: PI.&ASU COVE ~t0 HOME PARK ~ I,~IC •
fllEtl l?MO RECORDEO By ;
St.IUC~E COUNTY fLA. `n
. ROCER POlTRAS S ~Gil 't 5i r~,q
CIERK CiRCUIt COURT Atte st : L~.
RECORO VERif1E0.~.~...~~ ~ ~ Secr~~~nv_
. ~ ~ ~ ~G ~ i i+ ~ Treasurer
~
~ s~3 ~
STATE OF FlORIDA ~ COUNTY OF ST. LUGE
I HEREBY CERTIFY, That on this `;__day of_ __,__+_June , q~ 19 71 .
before me personaliy appeared -_~pEIIGp.I_B.. GilbeZ~_______ an~ _ E~cnestine _S Gilb¢Zt
~espec?i~e1y President and Secretary-Treasur~_~_ _ _ of
_ P1paaLrF+ __~ve ~fobile tiom~_ P~rk~_ Inc~ a___ __Florida____ Y,__ _ Corporarian, ro me
knorvn to be the persons descr~bed ~n and who executed the foregoing inslrument, and severally acknowledged the exe-
cution th~~'o
f~~b be their free act and deed as such off;cers for the uses an~ pursoses therein ment;9ned; and that they
affi~ed' ~~fl~~eio'~be;~afi;cia) seal of said corporation, and the said instrument is the act and deed of said corporat;on.
WITNE~~1tZ~'d at~d o~ficial seal at Fort Pierce F~4Z1S~~ said county and state.
. ~ ~ ~ :
. ~ ~ . , , , . i~ c~".. -s,
;hiA iAs ~ont~• e ared b ~ -
P.~ P y John :ti. Collir~a~ary Publi ,-in a~d for S~ate a+~d CouMy aforesa~d.
F~ i: sti., ~¢dssal ~5a~lings and l.oan A ssociat io
of ~ott'YfeZ~~ ,ltLp,rida ~Y Commission Expires: tjotary IWblK. SSate of Flonda W~
~ M~? Coa~awsan E:P~ ~r9• 4. ron
~ M.s~ ~r A.waw iw a~ G.
~+li:C~CC`d P'iy ~ . _ _ - - - ^
a nV r ~ ~ , ~~~IJIT.
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