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J. To plac~ ~nd conr&wously kkp o++ tl+~ buildinps ~ww a MrNftK situ~a on ?aid lu?d u~d on all puipn?~nt and pNSOnally cowered bY ~his mo~q~ L~,
p~. wifh..~it prtmiums therwn paid in full, fi~e inswance in tht ui~~l sra~d~rd poticY fam, in • i~~m spprov~d by tM MORiGAGEE. a~d wi+?d~~am
inwrsnoe in tM usw) ~~+ndard pol~ctr fam. In ~ wm ~pprowd by ~M MORTG/?GEE, in wch canP+~Y a c~^W^~ +s ~M ~TGAGEE n++y t,"""',,,,
d~ractj a+d ~II fin u+d winditwm i~wranc~ potiw~ on a~y of said build~nps. any inta~s~ ~ha~u+ w part tFwr~of. ln tM a~spat~ wm afa~aaid a y~~
in ~xcess therwf, ~ha!! cau~ln ~M uiwf iland+rd mor~9a~ cla~ or such aMr clause as IM Ma~yaqN may rpuat, m~kwp ~h~ bss unda s+~d PdF
ues, each and svery. paYab!~ ~o s~id NtORTGAGEE as it~ in~erest may appesr, ud each and ~verY auch policy ihsll b~ prompHy su_pned u+d dtlivaed ro s
any heW by aid 1NORTGAGEE as ~vrthe~ set~rity to said mat9aga deb~. a~d. rwt lsss ~Mn ten (10) days in ~dvan;,~ oi ~M ~xpir+tion of each polky, ro dr ~
Hver to said MORTGAGEE • renewal tl~wf, to~~F+H with a nu~pt for tM p~~mlum of svc6 i~newal; and tM?~r~ shall b~ ro iir~ o~ windstorm inwranc~ ,r
~laced on ~Mr of said ~uild'inps. ~ny in~~~~st fMr~in or put tho~eof, ~nlas~ in ihe form and w~~h the loss psyabl~ as aiae~+idt +~d ~ the ev~nt any wm !
of mon~y b~comes paYabt~ ~nd~r such po:icy a policies s+~d 1~0ltTGAGEE shall Mw ~F?s op~ia+ ro rscsiw a~d spply fh. same on +coou~+~ of tM tnd~bted~ i
rx~s s~tured hcreby ot ?o petniit aaid MORTGAGORS lo reuive and us~ i1 u•ny pa+t thereof for mher purposet. wAhout theceb~ waiving or ~mpair- i
ing a~y eqvi~y, IiN+ a right unda or by virtw of this mort~apet and jn tM erent sud N10RTGAGORS thalt fw ~ny reason fail to keep the a~id pramises w ~ €
insured, or (ail W deliver praaptly a~y of said policies of iniurance b said AWRIGAGEE, o~ f~ii promptly to pay fvtfy ~ny {x~mivm ther~fw w M any s
respect fail ro pMfo.m, diuharge, ~xecuta, eifett, complete, comply with ~~d abids by thi~ covenant, w any pa.t hxeof, ssid MORTGAGEE may plau tnd . 1
pay fa :vch insuranct o~ e~y part thereof withoul watvinp a affectinp any aption, lien, equity, w ri9ht under a by virtue of this Mort~ays. +~d the '
f~.~i amoun~ of e~ch and ev~ry sucfi payment shatt be immediately dw ~nd p+yable and shalt bear imerest irom the dah the~eof u~til paid at the ~at~ of ;
n~+,e per ce~tum per ~nnum snd rogether with such inta.:st shap be secured by tM lian of lhit mortgage. !
1. To pxmit, canmit o? svifer no wast~, impakment or deterior~tio~. of sa~d properry o~ aMr p+rt thereof. E
S. To pay a!1 u~d singular th~ coan, charges and expenses, includ~ng a rcasonabts attwneti t fe~ ud costs of abstracts of tid~, i~rred w p+id ~t ~
jny time by u~d MORTGAGEE, bscauis w in the event of the faifu~e on the part of ~he uid MORTGAGOR w duly, promptly and fvlfy per(orm, d~scharg4
e,cec~te, eficc~, canpkte, comply w~~h and ab:de by each and e~e.p the itipulations, agrcements, conditi«n, uid covenana of said praniuory ~ote ar.d ~hw
mortgage any w eithr, and sa~d cosn. chugei and expe~?ses, each and wery, tl?+11 be immediately due and payabls: whether or not Nx?~ be notice de~
ma~d, attempt to tollett a wit pa~d~ng; and the ivll ainount of each and svery wch paymem sha~l b~ar intere~~ from tM d~~~ tl+~reof until p~id at the
r~re of nint per centum per a~num; arw~ all wid casts, charges and eapenses incurred or paid, lopcthe~ wilh suth iNerest, shall be setvred by the IiM Of this
morigsge.
b. That (a) he the event of a~y bresch of this AAortgoge w defauH on the pa~t of the MORTGAGOR, w(b) in the avent +nY of satd svms of money
h._rein reierred to b~ not promptly and fuliy paid within thirty l30) days next after Ihe ssme severatly.becwne dve u~d payable. wilhout demand or notice,
or ic) in the event esch and every the st~putarions, sgreemenn. cond~tions and cover+an~s o~ sa~d promissory note snd th~s matpagt ~ny a eitl~er a~~ nol
iuiy, promptly and tully performed, d~scharged, execu~ed, eifected, comptetrJ, canpl~ed wiih and ab~ded by, then in either o~ sny tuch event 1M said a¢
g~egate fvm mentaned in said promiuory note then remaining unpaid. with i~terest eccrued. and 5t1 moneys xwred herebY, shall betane due and pay~
ab!e forthwith, a thcreafter, at the opt~on of said MORTGAGEE, as fully and completely as if al! o! the said wms of money were_or'g'uully sripul~ted .
to be pa~d on such day, any~hing in sa;d prom~ssory note or in this Moetgage to ~he co~~rary notwiths~andi~,g; and lhereupon or thereafta ths option of
satd MORTGAGEE, witnout notics w demand, suit st law a in equity, therefwe or thereaher be~un, may be prasecufed ss if stl moneys secured he~eby
nad matured pnot to ~ts institution. ~ _
7. That in the event th~t st the 6eginning o( w at any time pending any s~it ypon this Mortgage, "o~ fo foredos~ it, or to reform If,\w fo enforo~
pnyment of any c!aims hereunder, said MORTGAGEE shaH aoply Io the Co~rt having j~risdidion theraof for ft+a appantn~t of ~ Receiver,,su~h Gou~t shall
rerhwith appoinf a receiver of said mortgeged prope+tY all and s~ngufar, includmg all and singulx tha income, p~ofits, iuues ~nd -revenues from wMtever
s~urce derived, each snd every of wh~ch, it being expre~s~y undrrstood, ia hereby mortgaged af if specificaNy set forth and dewibed in the~y~aruing and
t,abendum clauses hereof, and such Receiver shali have sil the broad and effective funu~ons and powen in ~nywise enlnated by ~ Court ro~ Reteire~, and
s_ch appointmenl shall be made by such Court u an admi»ed equity and a ma~ter of absolWe right to said MORTGAGEE, snd without refere?Ke to the
adequacy w inadequacy of the value of the propNty rtwrtgaged w to the sotverxy or ~nsolver.cy of said MORTGAGOR or Ihe defendann, u+d thaf such
re~+a, profin, income, issues and revenues shall be appiied by iuch Receiver scco~d~~i9 to the lien ot equity of said MORTGAGEE and the practice of such
Court. '
8. To duly, prompt(y and fvlly petform, duha.ge, e~ecute, effect, cor*pietc, comply with •nd abide by each and every ths stipulations, agreements,
condifans and covenann in sa~d promissory note a.nd this mortgage set forth_
9. That in tho event the ownership of the morlgaged premises, or any part thereof, becomes vested in a perso~ othe? fhan the MORT6AGOR, tl~
ti'.ORTGAGEE, its successors and ass+gns, may, without nofice to the MORTGAOR, deai wi~h such wccessor a svccessor in interest wi~h reference to thu
.,-.orrgage and tFx debt hereby secured in the same ma~~nrr ss with Mortgagw without in any way vitiating w discharging the Mortgagors' li~bility hera ~
ur.der u upon the debt heroby secured. No sale of the premixs he~eby mortgaged and no fwbearance on the part of the MORTGAGEE or its suctesson f
or assigns and no eztension of the rime fw the payment of the deb+ hereby secured g~ven by the MORTGAGEE or its succeswrs or assiyM,:ahall operats i
ro release, d~scharge, modify change or affect the original Iiab~Gty of tIx MOAIGAGOR he?ein, either in whole or in part. r,`~.~~,~~'. :
i~ v;?1. i
10. It is speufically agreed that time is o( the essence of this coMract a~d that no wsivet of sny ob!lgation herevntk? w;
~qi~1~11N'o~i~,tWn se-
cured hareby sha~l at any time therrafte? be held to be s waivet of the terms hereof or of tht iratrurt~ent secured herby ,y; .~~j//`~ll~r~
11. IR add~tio.~ to the faego:ng monthty payments of princ'pal aod interest required.by the promiswry note secured helAb Q ~ts
and agrees to pay ro morigagee with each month{y payme~t an add~«onal sum est~mated by mortgagee to be eqval to ]!12 of fKe I eos~fth~.~~~tr ~
i~~.,~: ~ ~ ~ tN 1~t ~ • .
• ~ ~ ~ • ~ :
A-All real property taxes levizd or auessed against the above described real estate. ` Qt ~ 1_
eq 'ed on the improveme~ts sitwte on the ~ ~C~~ • ' ~
' B=Premiums on fi?e and wiadstorm insurar.cs as herein r u~red to be carr+ ~
C-Premiwrs on s~?ch morigafle guarsnty insurance as morlgagee shall from time to time tleem fit to tsrty on the; .
' 1V~ortgagee shail frum time to time noe~fy mortgagw in wrihng of tFe amount due and payabk hereuoder and sutb"sy~~~ ' ~~l~t
~ ~yao!e an the due date of the next monthly payment and each svtcessive month thereafter ur.til mwtgagee shsll rwtify aQt~ ~
~ a~-,o~nt. Such sums shatl be a +ir~l b mort a c tc+.ard the ment of roat ro r! tases, insutar.c~ emiv+ns, , 1i _
PP Y 4 9= P=Y P Pe Y P~
~ p~c-miums. -
IN 4YITNESS JYHEREOF, the said MORiGAGOR has F~reunto set his hand ar?d seal the day and ~~~I '~S aa`~
r
j,`,~~~
$igned, Sealed snd delivered in the presente ~{f~Ea p~~~~ i M i•
~ iT. W~E_~AUiiTtf ~t1 i ~
aoti~, t• jt;~?s Z a. sident~
CLE~'~ c:~ .i31T COtlR~ Att~est:
-~sr'~~': v~aafc~0 ~ q
v - eorge . gger, ~ :
-~~-42~~~--_ _ - - - - - - - ~
STATE OF FLORIDA IZ9~0,~ ~ COUNTY OF ST. LUCIENovember -
I HEREBY CERTIFY, That on this ~-day of , A.D. 19~_,
before me personally appeared D. A. DerlitiR ' and ~OTge S. Lgge.T ~
respectively President and Secretary - Tr~aatrer of
_ FT . PIERCE FLYING SER9ICE ~ INC . ~ a Florida Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their fre~ ad and deed as such officers f~~.tTie uses a~d purpses therein mentioned; and that they
. -~,..~,~~uui,,.~
atfixed thereto the official seai of said corporoY~r''~a~dy~i@.,,{6ii~~
mstrument is the ad and deed of said corporation.
WITNESS my hand and official seal at Fort Piercg' ~t\~~~ , said county and state.
This instnim~ent prepared by :~::;#~t.,k r.
'•fi. E. Braun _ ~'k'h ` . ,
~'irst p'edel'sl Sat?itlgs and Loan ~ti ~(1b~ ' i nd for St e and County aforesaid.
- ~ ssxiation of Fort Pierce, Florida f~,, ion 6cpires: .~ry. 6~ /~~.1"
•:,7i;'~'~v ~ 4 v'~ -
~'/7'1_.:0: ~
Checked By .
_ - . . . , j '
? ~ ,
t t
?,r ~
" ' . _ ' _ _ ' _
r" o.. ~ ~.:,,i`~= r.xr ~'p~.~i.;:"i .Y+~ s ~ _ ~ F~'{
+~i
° . t.~`"~'~"~~ 1
~`.s L°~~~LL v . S. ~a~i
4 . ~ - . . _ .,'d ' . . .