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3. To p~ace and continuously keep on ti+e bul:Ju~s no~w w hereafter •ituafe on sa~d land and on elf equ~prem and penooally co~ered by this matp~ ;
age, with all premiu~ns thereon pa~d in tutl, (ire in~~~ance in the ~suat s~anca~J po~icy form, in a sum'~p{xoved by ihe MORIGAGEE, u~d windstwm ~
~ns~rsnce i~ the uswl ~iandard po~~cy (a~n, in a sum approred by the MORTGAGEE, such company or cwi+W~~ri ~a tht MORTGAGEE may
directt and all ii~e and wlndstorm insurance po~lc~es on any of sa~d bu~id~{qs, a~y in~erest theroin o~ pu~ theroof, in tha agqrcq~te su~~ +~ae:aid a n~
in eacess thereof, shal~ comain ~he usuat s~andard mo+~gagee clause w euch other dause as the Matgayae may require, makin9 1he lou under w~d po~i~ ti;
c~es, each and every, psyable to said hIJR?GAGfE as ~?s imerast may eppear, and eacfi and e~ery such po!icy shall be p:omplly ass g~~ed and de~ive?ed to ~
any held by said MORTGAGEE as furthe~ security ~o said mortyage det1, and, not leu ~+~an ten (10) days in adva~xe of the eapirat~on of each policy, ~o de- ~
;~ver to sa:d MORTGAGEE a renewal thereoi, logether with a rece~pt ior Iht pre~nium of auth renewsl; a~d there shall be no fira or windsto~m inwr~nt~
placed on any of sa~d buildi~gs, any imrrest there~n or par~ thercwf, unfess in ihe ~orn: and w~1h 1he los~ payable as a(wesaid; and in the eveM a~y sum 1"'~t~
of mo~ey becanes payable u~xle. such policy o~ polKies said MORiGAGEE shall Mve ihe opnon ~o receive and apply the same on account ol tM iodebted-
nexs setured hereby or to per~nit said MORTGAGORS to recaive and use il or any pa.t therco~ ior other purFOSes, ~vilhout th~riu/ wa~~•~•~9 ot ~~npair- ~
in~ any equ~ry, lien a righl unde~ or by virfue of this mo:tgage; and in the eve~t ~a~d MORiGAGORS shall !w any reason fail to keep the sa~d premisei so
ns~red, o~ fail to da~.ver promptly any of said poGcies of insura~~ce to sa~d MOR1GAGtE, ot Fail promptly ro psy tully any premium the~efer or in a~y ~
resped fait lo pe~(am, d~scha~9e, execute, eifect, comp;ele, comply with and abide by ~h~s cove~+an4 0~ any pait hareot, said MORTGAGEE msy pl~ce i~d ~
pay fa such inaurance or aoy part thereoi wi~hout waivi~~g or affectinfl any op~~on, i~e~, equ~ty, or rigM under w by vi~tue of ~his Mwtga9e, and the R
i~,;1 amoum of each and e~•ery svch payfnem shall be immed~ate~y due and payab~e snd shali bear imeresl from the date thereof un~il paid at Ihe rat~ ot -
~,~•~e per ceotum per annum and to~rther w~th s~ch Ente~ost shali be srwrea by the lien oi th~s matgage. f'
J. To pe~mit, tommit w s~ffer no waste, impairmrnt or deterio~at~on of said property w any F+art theraof. . S•
S. To pay all a~d sirtgular the costs, charges and expenies, includirg a re~soRab{e attorney's fee and costs of abetratts of ti11e, incvrred or paid at
~ny +ime by said MORiGAG'E, because or in the event of th~ failure on the part of ~he said N10RTGAGOR to duly, p~ompNy and fully pe~form, d~uharge.
execvte, effect, compiele, comply w~th ar:d ab:de by each and every tne slipulations, agreements, conditeoni, and covenants of ia~d promis~ory note and this
mortgage any or ei~her, and sa:d costa, charges and expenses, each and e~ery, sha~l b.* immed~atety due and payable; whether o~ not there be notice do-
ma~~d, atteinpt to tolled w sui~ pcnd~ng: and the Eull amovnt o( each and e~ery such peyment ~hall bea~ imeres~ Irom the date thereof until p~id d Ihe
o~ n~ne per crntum ~,er annu:n; end ali said cos~s, char3es a~~d expenses irtc~~red or paid, together w~th such iNerest, shall be secured by the lien of thii
mcrtgage.
6. That (a) in the event of any breach of Ihia Morlgage or default on the pa~t of the MORTGAGOR, or (6) in the erent any of satd sums of money
herein referred to be oot pro~nptly and tully paid within th~rty (30) days next a~te? the sanu severa!ly betome rJue +nd payable, witFwut dem+nd a notice.
cr ±c) in the eveN each and every ~ne stipulations, ayreements, ceu,d~tio~~s ard covenaros of sa!d p.a*+~swry note and th~s mwtgage any o~ e~ther are not
pranptly a~d fully perfonned, dscharged, executed, effec~ed, completed, compl~ed with and abided by. lhen in either or any wch ev~rtt the said ag
7-e3ate sum :nentioned in seid p~on,issory nore then rema~ning ~npaid, with interesf accrued, and a11 moneys secured hereby, shall become due and pay-
ac e forthwith, or thereafter, at the opt~on ot said A10RTGAGEE, as fully and canplefely as if all of tl~e said sums of money were aiginally itipulated
tc h_ pa:d on such d.:y, anyth~ng in sa:d pre:~~ssory note or in this tl.ortgag_ to the tonrrary notwithst~nding; and thereupon or thereafler at the oplioo of
s,':t MORTGAGEE, w~fhout nat~ce or demand, sui~ at iaw or in equity, thercfore or thereaiter begun, may be p?osetuted as if all moneys setured hereby
r_d maturf(~ NhOI t0 ~fl inStifutiOfl.
7, That in the event that at the beginn~ng of or at any time pending any suit upon this Mw~gsge, w to foretlose H, or to refum it, o? to enforce
~awnent of any c!a~ms here~nder, sa~d MORTGAv_E shall apply to tha Cour~ having ~urisd:ction thereof fw Ihe appointment of a Raeiver, such Court shall
f•~•rhwith appo~m a receiier of sa~d mertgaged prcp~:ty all and si+igular, inc'ud.ng ail and singular the income, profits, iasues and revenues frpm whatever
s; ~rce derived, each ar.d every of wh:ch, it being express~y unde:stood, ~s hereuy rr.o:+9aged as if speciiically set forth and described in the g~anting and
i~.~bendum uauses hereof, and wch Receiver shatl have a~l the broad and eiiec~:.e funr. uns and powen in anyw~se eMruated by a Court to a Receiver, and
s_ch appoiniment :hall ~e made by s~ch Court as an ad~~itted equify and a matter o! aDsu?ute r.gM to said MORTGAGEE, and withcut ?eferente to fhe
,.~:equ~cy or inadrq~~aty of the vaiue of the property mortgaged or to the so,~'e.~cy or ~nsoivency o1 said MORTGAGOR o~ the drfentiants, tnd ~hat such
re~,~s. profits, irxome, ~ssues and reve~ues shail be applied by svch Recaive~ ac.ord~ng ro the lien or equity of said MORTGAGEE and the pradice of suth
Ccurt.
8. To duly, prcm.ptiy and ful~y perform, d~s:harge, execute, ef4ect, complete, co•nply w~th and ab~de by each and every~ the stipulations, agreemeMS,
c::~di;iona ar.d covenants ~n sa~d promissory r.ote and this mortgaqe set forth.
9_ That in the event the ownersh~p of tha mo;:gagc~ pre~uses, er any part thereof, becomes vested in s person other fhan the MORTGAGOR, the
:^RTGAGEE, its s~cc.ss~rs ar.d ass:gns, ~nay, w~~hovt nctice to fhe 3'tORTGaOR, dea! w~th such successor o~ svccessa in interest with relerence to this ~
';:o•~gage and the drb~ he.eby securcd in the same manner as v.fth Ato~r,ago~ w~tlw~t in any way vitiating or d~uharging the Mortgagori liability herr
~~:cfer or uf,on the d_a~ he~eby sewre3. No sa!e of ~he premises hereby mongaged and no forbe+rance on the part of the MORTGAGEE w ~ri tuocesson
~ aas~9ns and no ea~er.s<on o4 the time !ar the pryment of tF.e debr here6y secured given by the MORTGAGEE w its successors or au~gns, a~iall operate
~o release, d~scharge, mod~fy change or afiect the o~~gina~ liab~f:ty of tAe MORTGAGOR herein, either in whole w in pa?1•
10. It is spec~ficafiy agreed fhar t~rne is of the essence of tl~is contracl and that no waive? of any obiigation hereunder or of the obligatbn se-
cured hareby sha~i at any Time the~eafter be he!d to be a waiver cf the terms hereof o~ of the instrument secured herby.
l i. In a~d~i:o:+ eo ~he iore.3e ng montniy paym ~n+s oi princ pat and intrrest requ:red by the promiuory nore secured hereby, mortgsgor covenants
ard agrees to pay to r.:orto~gee v:~th each mon+hiy pay: ~ent an ad.a.~r.onal sum ~st~~:ate<f b~ mortgagee to'be equat to 1 j 12 of the annual cost of the folbw-
,
A-Afl real property taxrs !evie~ or assesced agai~ist ihe above desvi?~ed r_al es~ate. ~
; B-Crem~:,:ns on fire and winds;a:m inw.ance as here~n req~~:red to be carried an the ~m~rovemeats situate oo the above destr~bed premises.
f C-~re+niums a~ wch mong:~ge guara~ty insurar.ce as mortgagee shall Srom ume to time deem'fit to carry on the loa~ seared Fxreby.
C
j Mortgagee s~~i~ from t~me to ?+~~e nct~fy mort3agor m wr~t~ng of the a~r:ount due and payable hereunder and such sum sha:l thereupon be due and
f ,.,ble on the due oafe of ihe nrxt mo:~tn:y raym=nt and each successr+e mon~h :hereaftcr ur.til mortgagee shatl notify mongagor of a change in such
€ ~„nt. Such swns shai! ~e, app!~ed by mertgagee to:.ard ~he ~aym.ent of ~eal prope:ty taxes, insuraRCe prem,ums, a~x! mortgage guarar.ty arpurai~4ef!
4 ~ ~ ; ~ms. . ~ C , ~~~i,
! IN Y~ITNESS Y:NEREOf, rhe sa~d MOR7GAGOR has hereunto set his hand and se e da nd ear fi aforesaid.
~ Signed, Sealed and de~iydred '+n the presence o~i~Ep A~,, aECOROEO ~ ~ • FIOI~~ ~~p01'at.lOf~-.:
• ~ S. •r , _
~ _ St.lOC1E COUNTY ftA. BY: : .
; ~ c~ ~ ' .~L Cl' itOC~R POIIRAS J . S S r5esry : ~
- CIERK C~"•~ul~ COUR . ; -
- - --~ECOaO Y:'F~; 1E9 ' _ , _
- ~5 aM'Z~1 h r~, n~ - ~ 1~ -
_ - - - ~-11 - - - - - - - - sures^ ~ _
, ~
STATE OF FLORIDA COUNTY OF ST. LUCIE .
I HEREBY CERTIFY, That on tfiis llth day of J~e , A. D. 19 74 ,
before me personally appeared John P. Hess and ~thy A. Sprinaez
respectively President and _ Secretary~TredswceY ,~_~~T~ , ~f
PYentiss ~ Inc. ~ , a Fiorida ~ '.~arporeTion;~•'sna
sv; known to be the persons described in and who executed the foregoing instrument and severally aekew~iv~ec~g~} tFie`~zg- ~
~ = , . .
cution thereof to be their free act and deed as such officers for the uses and purposes therein~ier~tioried; ~and tf~at t,'~`~'ys
~ • -f ~
• affixed thereto the officia! seal of said corporation, and the said instrument is the ad and deed'•of•said,corpbr~tiqn.
. = •
' ~ . . . . ;
WITNESS my hand and official seal at Fort Pierce , said county and ~te5t~'•••.....••'_
?his Instr~ent Prepared gy Robert A. 9wisher Jr.
„ ,
~ Fir$t F ral Sayingg and ~n Associati •
of Fozt~e~cce, Itlolida 3~50 Notary Public, in and for State a nry aforesaid.
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My Commission Expires: ~ o ~ ~ (o
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Checked By • '
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