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3. To pi.ue and continuousiy kerp on fhe buCd~•~~s ~cw or hereafter s+tuate on sa~d ~artd and on all eq~~p~neN and personaily covered by t~Is ma
aqe, w:th all prem~umi thcreon pa.d ~n !u"1, I~ra I~1L~fall:e in ihe uwal s~and~rd po?~Cy 1orm, in d s~cn aNpro~cd by Ihw M~R~~aAGEE, and Ninds~o
.nsurance in the usual uande~d poLty fo~m, in a wm appro~~d by the h10RTGAGEE, in such tcmp~ny cr to~r.pan~es as the A40RTGAGEE
d,rrcr, and a!I (ire ar.d w+ndstorm ins~•ancc po!~Grs on any ol s~~d build~ngs, any inrerea~ therein or pan thereof, in the agg~egate su~» aforesaid
~n excess ~hereof, tF~all confain ihr uswl s~a~~d.;rd moreg,gre ciause or such othe~ ctause as Ihe hlortyagee n,ay requ,re, maMing ~ha loss undr~ sa,d po
c~as, each and every, par~5'r to sd~d ;,10RiGA~EE as ~ts interast may aNpear, a:id each and every such po'~c/ shall be p~ompt~y assgned and de:ivrr~d ~
an~ hrld by sa~d h10RIG.AGEE as fw~har s..ur~t~ to sa~d n:onga3e d~bt, and, not tess than ten (10) d~ys in ilf)vJ~KC of ihe expiratlon of each pofcy, to d.
~~.•er to sa~d 6~ORTGAGfE a re~zewal rhereof, together wiih a rece~pt for the prem~um of such reneral; and thr~e aha:l be ~w i~re or w~~~dsto~~n inswanc
p~ated on any of sr~d b~i!d~~~gs, any interest therem a part thereof, unless in the form and wilh the loss payab~e as afaes~id; and in d~e event any sun
of money becomc'3 payablz ~nde~ s~ch polky or poLc:es said MORlG~GEE sfiall have ~he ophon to rec•_~ve and apply tha sa~ne on accoun~ of the inJ~~btad
ness secured hcreby or to permit sa~d MORTGAG025 to reeaive ard use it w any pe:t ~ir~:eof tor o:~~• ~~.w: cs~~s. ~..th;.:t ih.•~..; .1::•~ ~3 u r,~p~r
ing any rqu~ty, lien o~ ~ight undar or by virtve of this mcrtgage; ind in the event sa:d MORTGAGOR$ sha!I `.or any ~cason fail to krep Ihe said pre~n~ses so
~nsv.ed, or lail ro d:!iva~ promptly any of s~id po~~eies o( insurante to said MORTGAGEE, or fail pcomptiy to pay fulty any pra~n:um there~or or ~n a~ti
respctit fait to perfwm, d~scharge, eaecu~a, efie:t, cQ~~p~ete, comply wi~h and abide by th~s covenant, or any part h~reof, sa~d MGRT;,AGEE may piace a~~a
F,ay for suth insur.,nte or any part thercof w~thout waiving w affecting any option, lien, equ~ty, or ~ight undar or b~ virtue of this htatg3ge, and thc
fuli a~novnl of eath and e.ery s~ch payment shall be in:madiately due and payable a~d s!~all bear inrerrsl from 1he date thercoF until pa~d at the tate ol
~u~iC par tantwn pe~ annum ~nJ to3cthar vc~'h suth interest shau bt srcured by the lien o1 thi3 mOrtgage.
d. To permif, comm~t a suffer no wasta, impairm.:nt or deterioration of sa;d property or any parf thereof.
5. To pay all and s~ngular the costs, charges and ex~xnses, includirig a reasonabfe attorney's (ee and costs of abstracts of t~tte, incurred or paid at ,
,ny time by said MORiGAG:E, because or in the event oi the fa~iure on the pan of thr said MORTGAGOR to duly, prompily and f~lly perlOrm, d~scharge '
c~te, effect, to~rtpiete, tomply wnh and ab'de by each and every the st~pulat~ons, agree~„ems, cond~tions, and covenants of said pro+nissory note and ~h~s f
-.,ortgage any or e~~her, and sa:d costs, charges and expenses, each and every, shail be immed~atety due and payable; v.•heiher w not there be nof:ce da
-~,and, atte~npt ro collect or suit pend~ng; and the full amouN of each and every such payment shelt bear inrerest fran ~he date thereof until paid at the
r_ oi n~nr uer cer.tum pcr omw:~r, ~~~c: ~il said cosrs, chargta a«d ex::er.ses irxurred or paid, together weh such irterest, shall be sewred by the Len of this
martgage.
6. That (a) in the event of any breach of this 1Nortgage or defaull on the par~ of the A10RTGAGOR, or ;b) in the event a~y of sa:d sums of mo~ey
h•~re~n referred to be not pranptly and (ully paid within th:rty (30) days next after the same severa:ty become due and payable, without demand or no~~ce,
or ;c) in thr evero each and every the st~putauons, agreements, tond~t~ons and covenants of sa d promissory note and th,s mortgage any er e~thzr are not
i;,ly, promptly and fully performed, d~scharg•_d, executed, eifeUed, completed, compl~ed with and ab~ded Sy, then in e+tixr or any such event the sa~d ag- ,
~r_gate sum mentaned in sa~d promissory note then remaining unpaid, with intere;t atcrued, and aii moneys setured hereby, shall become due and pay- ~
a~ ~ forthwith, or tFwreaFter, at the opt~on of sa~d MORTGAGEE, as fuily and comple~ely as ii all of ~l~e sa~d sums of money were o+~ginally st~pu:ated '
to be a:d un such da an• fhin in sa.d ro~n~ssor note w in this Mort a e ro the cororar not~n•~thstandi~i and thereu on or thereafter at the op~~on of ~
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s~ d 610RTGAGEE, w~thout nonce o~ demand, w~t at law or in equity, therefo~e or thereairer begun, may be pro~earled aa if all moneys secured hereby
n,d matured pr~or to ~ts institut~on.
7. Thar i~ the event that at the begi~n~ng of or at any time pending any suit upon this Mbrtgage, or to forEdosb k,-or to refo?m if, or to enforce
~~yment of any ciai::is hereunder, said MORTGAGFE shall apply ~o the Court having jurisd~etion ther<ot for the appointrnent of a Receiver, such Court shall
fc:~hwith appo~nt a rece~ver of said mortgagrd property aIl and singu~ar, includ~ng all and singuiar the income, prof~ts, issues aod revenu~s (rom whatever ~
s~urce drrived, each and every of whkh, it be~ng express!y ~~~dzrsrood, is hereby mortgaged as if spec~fica!:y set {orth and described in the granting and
h.~~end~m dauses hereof, and such Receiver shai{ have all the broad and efiective foncf,ons and po~ers in anyw~se entrusted by a Cou~t to a Rec~iver, ard ~
s_ch appoin:me~~t shat{ be made by such Cou~t as an adm~tred equity and a matrer of absolute right to said kIORTGAGEE, and wirhout referenee to the
nci~qvaty or inadz~quaty of the va!ue of the property rnortgaged or to the so.~ency or insotvency of said MORTGAGOR or the defendants, and that such =
e~~rs, profits, incane, issues and revenues shali be app~~ed by such Receiver accordmg to the lie~ or eqvity o1 said h10RTGAGEE and the praUice of wch
Court.
B. To du!y, prompt!y and fu!!y perform, discharge, execute, effect, complete, comply with ard abide by each and every the stipulations, agreements,
c~nditions and covenanrs in smd promissory note and th~s mortgage set forth.
9. That in the event the owne.ship of the mortgaged premises, or any part thereof, 6ecomes vested in a pe~son other than the MORTGAGOR, the
:'~RTGAGEE, ifs successors and ass~gns, may, without rwtice to ihe MORTGAOR, deat with such successor or successor ~n interesf wi!h refere~ce to this
, o•igage and the d_ot hereby sewred in the same manner as with Mortgagor w~th~ut in any way vitlating w d~scharg~ng Ihe Mortgagors' liabii~ty here-
:irr or upon the debt hereby sec~red. No sa:e of the prem~ses hereby mo~t,tiaged ar.d no forbearance on the par~ of the tJ10RTGAGEE or its successon
e~ ass~gns and no exrens~on of the t~me fo. the paymem ot the debt hereby sec~red given by the NIORTGAGEE or iu successws or au~gns, ahall operate
~o re~ease, d~scharge, mcxlify change cr affect the o~igmal Iiai~J:ty of the A.ORTGAGOR here~n, either in whole or in part.
10. tt is spec~fical~y agreed that time is of the essence of this toniract ar,d that no waiver of any ob~igat~on hereunder w of the obligation se-
c_~red hereby shali at any time thereaher be hefd to be a waiver of the terms hereof w of the instrumeN secured herby.
11. In add rloa to tt~e Forego ~+:o~th!y payments of prioc pal and interest ~equired by the prom:sscry no!e sec~red hereby, mortgagor tover.ants =
: d agrces to pay ro mo-tyagee Kith each mo~~rhiy Fayr.•ent an add~rional wm est n-eted by mo~tg3ge? to Fie eq~ai to 1, 12 of the annual cost of tFx foliow- -
A-All rEal property tax;-s tc:-~e~ or asse-sse3 d9dP15! the above desc~~bcd rea~ estate.
B-Pr~~r;~u•~s o~ fue and vnr.dsto-m ~nsurarce as here~n r;qu:red to be carried on the imp~oveme~ts rtvate on tha above d~sc~~bed premises.
C-Prem;ums on such m.ertg =ge g~aranty ir.su-ar,ce as mortgagee shail from t:me to tune deem fit to carry on the loan sec~red hereby_
' Mortgagee SCh3iI from s~me to t~r.:e not~fy mortgegor in w~inng of the an:ount d~e and payabfe he~eundrr and such su:n sha31 thcreupon be due and =
4 :„able a~ the clue oa!e of th~ r.ext n~onthiy payment and each successive month thereafi~r ur,tii mcrtgagee shall notify mortgagor of a thange in such t
i •.ount. Such sums sFa.l be app~i~~d by mortgagee toward the payment of real property taxes, insurance prerr.ums, aod mortgage g~ara~ty insurance
n~er+:iumi. _
~ IY \'lITNE55 :':HEREQF, the sa~d MORTGAGOR has hereunto set his hand and seal the da and ear first aioresaid. J
~ S~ned, Se and z?~Y ed ~n the Prese~cg of: g~TNEL F3APTI ST CHiJl~CH ~F FORT PIERCE ~ FLORIDA ~ INC .
~ ) As to signature of ~ PrQSident ~~a~~
f :riiley G.f~~t~r~ECOR0E0 Trustee ~~a~~
As to si Trustee ~~a~~ ;
° s~~~'~~~TT~`" ~ .
Trustees~~FRK GfR;,Ult COUR Trustee f
c5eap
- RFC~ao vE~~~~eo
~ ~
sraTE OF Fi ~on , ,~33~10
~JUNTY OF _ St . Lucie ~ 3 ~o PH ~1 _
Before me personally appearcd Leonard OW OhTI W alld .J hn M D ld n~~ Trustee~
:r Bethel Baptist Church of For t Pierce, Florida, Inc. ~rw~se, +o ~ Wen nri~weed'tnww., ~o~ri+s ro bo
rhe individvals describa~d.
in 'er~d who executed the foregoing instrument, and acknowledged befo?e me that they euutte~!•'the ~same for •i~~wposes
. . • _ - .
Ih?rein exprtisld. ~PR1d~llp`J~i~S• , .
~rif~Qf~the~a~id~ ~ ~ ~ ' . ~pow.~~dp«~t~.~+pwre~e
Pl2TihDK~fwi~! ' '~ind~parlrhowi-her-a~id~s~bnndraekneu~iedged~tsend~c(eretne~hersFiet ~ab?+wlreen~+t~enF/~nd~~vh~
,~~I-: ~ry.wMp~r~Me~/~er+neeinr, ~ppr~enston-~-fraref-er-hani~er~a~dhosbs~ - ~ ~ ~
=~El1TNE~ q+Y ha~+d ~apd o~lcial seal thii_ ~ 7 day oi `jU 1 ' A: D. 19 72
• . - . r
~ f , _ . . ti- - o~-
~ S~ ATE O~•~ORIL~A COUNTY OF ST. LUClE Notary PubGc ar+d for th State of Florida et large
. • Mv f~mm~ssion exoires: ~ K~ - _ ~ ~7. 7
~ ;
I HEREBY CERTIFY, That on this -_1~~ __day of_-___ July _ _ , A.D. 19 72 , t,;
~ tJi le G. Wooten '
~ ~-~fore me personally appeared _ and
~ ~~soectweFy President an~t - Setrefar9 , of~
F1~rida, .Inc. , Florida
~~~_Lhel Baptist Church of Fort Pierc, t.t a.,.___-__-_______- Corporation, to me ~
~ k••own to be the persons described in and who'e~cecuted the foregoing insirument, and seMesalty acknowledged the exe-~
~ his ~
_.;~ion thereof to be 4herr free act ar.d deed as-such G4ficers for the uses and pursoses therein mentioned; and that .ther~
~ . .
a~fixed thereto the official seal of said corporatioa,• anc! the said 1nst~ument is the a:t and deed of said corporation. ~Q .
`.`JITNESS my hand and official seal at Fort Pier,cE _ , said county and state. °m ;
~ , ~
~ F i~r st 1Fede~~Sa~in~s randb~}~J~., B•. Braun ;
' i~ ' Piercc~, ~lorldt~ Notary Public, in nd for St e andGCo~ ty ~,res~~d.
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~ ` ` Mv Commission Exoires: _ _
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