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To pix~ •nd tonti~~outly Acep on tM bui!d~ngs now or he~eafte~ ~;lua~e on sa~d ~and and on all equip~nem snd persons~~y covered by this malg-
ege, w~~h all premivmi lhereon pa~d in full, fire insurancc ~n the usual s~ardard poi;cy form, in e sum aHproved by ~he MORIGAG:f, a~~d wind»am
~nsur~nce in tM uwal ~un~ard poGcy Iwm, in a~um approved by the MORTGAGEE, io ~uch tanpsny or com~sen~es as the MORTGAGFE may
dirett; ~nd al! fire and w;ndstorm insurance policies on a~y of saEd build~nqs, any in~erost lherein or part Ihereot, in the agqregare rvm afaesaie+ or
In extes~ Ihereo(~ ihall contain tM usual standard mortga9ee clause or such other ciawe as the Mortgagee may requ~re, maMing the losa under •o~d ~oli-
~ies, euh aod every, payable ro sa~d MORTGAGEE as ~~s i~~err~t may appear, and each and every such pol~cy shall ~ promptly as~ gned a~~d de~ivered to
hetd ey sud MOarGnGeE at further accuriry to seid mortgage debt, and, not less ~h~n ~en (10) days in dClvd~KC OI the expira~~o~ ol each pofity, to da
Gve~ to said MORTGAGEE + ~enewal thereof, ?ope~her with s receipt (or the premium of wch renewa~; and there shall be .fo i~?e or ~vindi~oun infurance
pleced on •ny of sa9d b~ildirgy, any inte~efl therein or part Ihercol, untess in ~he form and w~~h the loss payable as afo~eseid; arxl in ~he evanl any sum ~
of nw~sy betpme~ p~yable ~ndet auch policy or poGcies ~aid MORiGAGEE ~fia11 have :h~ opt~o~ fo reccivr and apply tha same on account ol the i~~dabrrd• '
ness ~etured Mreby o. ro pe~mi~ •a~d I?tORiGaGORS ~o ,eceive and uu it or any par~ ~hc:~~of icr ot+~_~ pur~•asrs. :.~iir,,~t ~h:+. u; w.,~~~ ~~np„u-
infl a~y equify, IiM o~ ri9hf unde~ w by virtue of this mor!yege; and in the event sa;d MORTGAGORS shall !or any rcason (ail to kerp ~he said prem~ses so
insured. a(ail fo deliver promptly any of said policies o( in~urante to sa~d MORTGAGEE, or f:•it promprly to pay fu~ly any prr-~~iu+n IhC~~+O! or in any
re~pect lail to perfwm, discMrge, execute, eflect, comptete, comply with and abide by th]s wvenaN, a any par~ h~reoi, said MURiGAGEE nuy pixe and
pey fw such insuronce w my pa~t ~hercof wifhout waiv~ny w af(ecting eny oprion, lien, equny, or ngM u~der or by v~~rue oi ~his Mo~~gage, •nd th< ~
full artwont oF tach •nd tvtry avth paymenf ilwl! be irrunediitely due and payable and aha11 bear intrres~ iro+n the dare thereo! vn~il pa~d al the rate ol
~~~e prr cenrum per annum and to~ether with such ime~ea~ shall be secured by Ihe lien ol th;s morlgage.
J. To permif, commit ot s~ffer no waste, impairmenl o~ deteriorot~or~ o( said p~opcrty ot any parl thereof.
S. To p~y a11 and singula~ the cotb, tharqes and expentes, including a reasonabfe atewney's fee and cos~t o( abstracts of titte, inan.ed or paid at
any time by seid MOR1GAGfF, because or {n Ihe event of the ~ailure on the par~ of ~he said MORTGAGOR to duly, p~o~npNy and fully perform, dncharqe
execute, effect, complete, comply w~th and sb:de by exh a~ eve.y ~I~e st~pulauons, +g~ee~~~e+~ts, co~:d~~~ons, a~d cove~~a~its of sa~d promf?w.y note and ~h~i
~>>a~gaye any or einc~r, and sa~d costs, charg~s and expenses, each and erery, shall be ;mmcdiatrly d~e and payabir; whc~her or ~o> >here be no~Ke dr ;
~,and, atre~npt to collect w tuit pend~ng; and the full smovM of each ~d every such pay~nem shail bea. ~m~res~ from the dare ~he~eof ~ntif p~d at ~he
~.~re o~ n~~e ~r cenwm ~r amwm, and all said costs, charges and rx;,rnses ~ncurred or paid, toyuihrr w,th such i~:terrs~, stalf be sec~red by the l~en of fh~~
mp1Qd9l.
6. TMt (a) i~ the event of any brcach of this Mwtgage or defautt on the pait of the MORTG/~GOR, or ~bi ~n the eve~t any of sa:d sums of money
herein roferred to be not pron,ptly and Iully paid v~rithin th~rty (30! days ne..~ arrc. the sa<.,e aevrra~iy ~eco~»e due and payeb!e, witho~t demand or nor~ce,
or (~j in the eveM each and eve+y !he st;pularions, sgreements, conda~ons and covenann o} sa.d p~o~nlswry no~r a~~~ ih,s mortgage a~y or e~~her are not
iwy, p~omptly end futly perfwn+ed, d~scharged, executed, effetted, caTpteted, canpl~ed w~~h and ab:drd yy, then ~n e:~her w a~~y wch avent the se+d ag
p.egate sum mentb~ in ia~d promissory note then remaining unpa~d, w~rh inrrrra~ aca~ed, and a~! monry~ sewrvd hereby, shell become dve nnd pay-
ao~e fprthw~tA, or thereafter, at the opr~on of se~d MORTGAGEE, as tully and comp;e~c!y as il a11 of ~h,: s~~d sums of n,o„ey vticre ong~natly s+~pul~~ed €
ro be pa~d on such day, a~ything in sa~d prom;ssory note or in this Mortgage to ihe contrary no~,v,thsta~:d:,~y; a~id ~hereuE;on or the~eafrrr ar rhe opno~~ of
es;d MORTGAGEE, w~thoW notice w demand, suit at law a in equJy. Ihetefore w Il~erealur brgun, may 6e prosec~~ed ns if all moneys secured hereby
nad marur~d pr~or to n~ institutioe.
7. That i~ 1he eve~f that at the beginning of or ~t any time pendi~~g any su~t upon this Mortgage, o. to fwttlose it, or to rcform it, or to eniorce
payment of any daims 1+e.eunder, Hid MORTGAGFE ahatl app)y to the Court havmg ~u~~sd,c~~on th~•reoi fo. the appo~~tment of s Rece~ve~, wch Co~rt ahall
Icrrhwith eppoiM a~eceiver o! said mortpaged p~o{xny all and singular, inci4d,ng ait a~~d s~nyu~a~ ~~~e ~~~cc~~:e, prol~ts, iss~es snd revenves from whotever
seo•ce denvecl, each and every o( wh~ch, i~ being ~xpressty understood, ~s hereby merrgag~~d as ~t spec~f,~ally u~ ta~h a~d drscnbed in fF,e grant~ng and
h.+bendum dauses hereof, and such Receiver shail have all tha proad and effech~e iur,uons end powers in an~•w~se ent:usted by a Co~rt Io a Rc:..•~cer, and ~
s.ch appointment shaN be made by such Court es an ad+n~ttcd equity and a nwtter nf absoSu+~ r~gh~ to se~d Mi)RiGAGEf, and w~~houl rr}tre~,ce ~o tf~e
edrquacy or inadeqw~y o1 the-value o1 fhe property mo~tflaged or to the so~vrnty ar u~~u~vc:xy o( said IKORiGAGOR or the detrndonts, and thaf wch
re ~ts, profits, incane, isaves and reven~es shall be appiied by such Rece~ver accard~ng to the Ife~ or eq~~ty o4 sa=d MORIGAGEE and ~he ~-rauKe of such
Coutt.
8. To du:y, p~omphy and fu11y p~i~am, d;scharge, execute, effect, comp~ete, compty w~~h and abide by each and every the st~pvlations, agrKmems, ~
CJnditiOflt and covenenrs in ae~d promisswy note and ~h:s mortgage se~ iwsh. '
9. ihst in the evem the ownership of the mortgaged premnes, or any part thereof, b_comes vested in a person oth=~ than the ARORTCAGOR, the ~
1'ORTGAGEf, its successors snd ass~gns, may, wirhout nor~ce to tF.e .Y.ORi(',AOR. dea! w~~h s„ch successo~ w successor in ~nteres~ wi~h rrference to th~a '
mo~~gage and the dcbt hereby sKUred in the aame ma~ner as w~th 6lortgegor w~~ho~t in a~y way vit.a+ing or d.:cha~o:ng the l~llortqagors' liab~~rty hera-
ur,der pr upon the drbt ~ereby sec~red. No sale o( tha ~remnrs hereby mo~~geged and nc fo.bearance o~ the pan of ~he !AOR(GAGff ar its successon
e~ nssigns ~nd no ex~ens~on of the t~me for the payment of the debt he~cby secu~ed gwen by the RItJRTGAGE' or its wccessws o~ ass•gns, s~,all operate
!o re!ease, d~xharge, modify chan9e w effect the o.~g~nal liau:l~ty of the AtiGFiGAGpR he~e~n, either m v~.hote or in part_
10. It is spec~iicaliy agreed thar time ~s o( the essen~e of this contra~t and that no waiver of any ob~:gat~on hereundqr .o? di tAs qk~!ig~tio~ it
cvred hereby shaU ~t my time the?e~tte? be beM to be a warve+ of the terms hereof w of the in~tr~meM srt~•ed her6y.
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1 I. tn add t:on to the fwego ng monthly payments of ~rinc pal and ~nteres~ reau~red by tne FNOm sse~y no~r scci~r~ ~~~pt}~~!' nants
~~d aarees to pey to ~:o-tgagee v~~th each rt~onchiy pa~~:;ent an add•r~onal sum es~ T atcd by moreyagee to be egva! to 1 i~-o~C' ` eosl o~j~6{tow- ~
~l~+~' 7. _ ~ ~ ~
A-A!~ .eal ~,roperfy taxes tevied o• assesse~ ag.+~~s~ the above desu~brd ro-a~ es!a+e. ~ n:•
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B-P.;~,.,„•ns on fne and windsto-m ~nsurar.ce as nere~n iequ~red to be carned on the ~m;;roveme~ts s:ruate on rh~ ab~v't~s ~ eh~~ _
C-Prem~ums on s~ch mortgaqe guara~ty ~nsura~.ce as mortgagee shaSl frcT t me to t~me deem fit to carry on the Jo~`} d~hl1~ ~
Mortgagee ska:! from time to nrne ~ot~fy mortgagor m wr~r,ng of the amo~~t dve and parabte hereundr. and such s~r~- ~s )he~te d a»d
:.jvable on !h~ d,;e dare of rhe next month;y payn-ent and each s~ccess~ve T.o~+h th~reaiTar ur.t~i mertgayee shall not~fy ~twrlg ~ e Yn such
~ : ~t~tnB
eint. S~ch swns s~a:~ be applied by mwtgagee toward ihe payment oi reai properry taxes, mwran~e prem.ums, and n, ortga~pe fpi»sarit~ insurance
r•emrums.
IN WfTt~f~S WNEREOf. the said MORTGAGOR has hereunto set his hand and scal the dey an e '•st afo~esa~d.
ned. Sea deli red in the prqence of•
.h : ; ~ ~ ~ ~ ~ ~~~fp ~NQ RECOR~E~ EARQ S IA?ES ~ INC. ~
St.luC1E COU1iTY l y • ~n
~ _ _ ppGfR ?OI1ftA~ RT ~ ' pZthur F. Wo d ~esident ~~,R
~.a i*. ne 55 : s? ~s ~ RK~~R~U~T COU.
~ ~ , RO vEPRF~EO~test se,4
~ Secse ary - Txeasurtq,~~
Au~ 23 3 s9 PM 11 S
~
STATE OF FLORIDA COUNTY OF ST. LUCIE #
I HEREBY CERTIFY, That on this _.day of~__Augu st _ , A.D_ 19 7~ ~
~efore me personally appeared _ Arthu~F k'ood artd ~w~~ M, ?e4na2ian ~
~espectively President and $~~etary - Treasuzer of
RFnRn n ~[X`IATFc
~T AS ~ INC_ a__Florida _ Corporation, to me
k~own to be the persons described ~n and who ezecuted the foregoing instrument, and severafly acknowledged the exe-
c_;'~on thereof to be their free act and deed as such officers for the uses and pursG~s t~il(r~~rnp~ntioned; and that they
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a'f~xed thereto the official seal of said corporation, and the said inst~ument is:tlte f{a~ ~
`~i_ ~1ee$ of said corporotion.
`.v~INE~~ my hand and offkia! seal at Fort P~erce f
Thi s instxument prepared by ?~4'a .~~OUnry.~apdstat~~-.
'~'m. E. Bra~n ;/~Lt--t.eeQ •
_~~%~L (~G~~~p`.~1 t~' Qo
F irst Federal Savin9s and Loan Notar Public, in an~ 4p# ~ '
Y e a ~nt aforesaid.
A s sec iat ion of For t P i erce F lor i da MY ~mmission Expires;,•; • D.; i[
~ ~ T C_ Q` K. St~~! O~ FlOIt~i i~ #
- ' - ~ " ; : iss~on fapirts Feb. 19, 197L
. . ~ ~ a c.,..:., ~s.
Checked By ~'f--
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aca~~~J ~ 1~ ~
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