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3. io place and continuousiy keep on ~he bv~:d~~gs now w hereafrer ~ituare o~ ~a~d ~snd and or+ ali equ~p~nent and penon~lly covered by ~his matg
ega, with all premium~ thereo~ pa,d in futl, f~re inwrsnce m the ~sual starxiard Ho:icy form, io a s:+m apwoved 5y tha MORiGAGEE, and windstorm ~ i~
~niu~ance in the u~ual s~a~xiard pol.cy (o~m, in a sum approved by ihe AM~RIGAGEE, in tuch company or canpanies ai the MORTGAGEE msy M~~
~irect; and all fire and w~o:Jaiorm inswance pol~c~ea on any of said build~nys, any intere~~ the~ein or part thcraof, in the aggrc9a~e sum ataesaid oi
in excess Ihereof, shsll ;onrain the uiwl srandard mw~gagee dause a such o~ner c~a~se ~s Ihe Mo~tgagee may req~~rs, mat~inq 1he loft u~de~ ia~d polF
c~e~, each and evc~y, payab!a to sa~d AIORTGAGEE as ~~s in~rrest miy appear, and rach and every such pol~r/ shall be promptly ass gned and deGvered to ~
eny held by said AtORiCAGEE as (wther security to said mo~~gage drut, and, ~ot ~ess then ten ~IJi days in a~vance ol the eapira~~on of rath polity, to de-
L~er to said MORTGAGEE a renewal IherroF, together vvith a?ece~pt fo• ~he prenium o( such re~ ewat; and ~here shall be ra f~re o~ w~ndsto~m insur~nce
p'aced oo any oi said kiuild;ngs, any iNerest thaein or part ~iizrcwi, un:ess in iha iorn: and with the Ioss payabie as afore~aid; a~d in ~he event any sum
of money pe~pm~i payabte undrr such policy w poliurs w~d MORTGAGEE shali hava the opt~on to receive and appty ~he sarne on atcounl o( ~he ir.dabted-
nees sacwed herapy or io permit aa~d ~10RTGAGOR$ to rcc~~va and use it w any pa~~ tk~•:eoi ro. o:he~ F~r~~.osrs, v.nho~t ~h~r. o; ~g c~ ~~npah• ~
~~g any equ~ty, l~en w righ~ under w by v;rtue of thia mo:ryage; and in the evrm sa:d MORTGAGORS slwll fo~ any reasoo fail to keep the sa~d premises so '
~nsu~ed, o~ fail Io d~ live~ promptly any of sa+d poi~ties cf insurance to sa:d MORTGAGEE, or fu~l promplly to pay ivlly any pre~nium therefw or in a~y
respett fail to parform, d~scharg~, execute, eifed, ta~~piete, compiy wi~h and abide by thks covenan?, o~ any part hereof, said MORTGAGFE may ptace and
fur such insur.ince or any part Ihereof w,;~hout waiving or affeiting any opt~o~, lien, tqu~ty, or right under or by virtue of this Matgage, and tht
f~ S! amo~nt o( rath and e.e+y such payrnem s`." be im~nedietely due and pa~able a~~d shall bea~ ~nterest irom the date thercof uutil paid at the rotc ol
~ e pet cent~m pe~ a.^.rn~m and ro~:thrr •~,~ih s~ch i„teres+ sh~l. ..e sccured by ti~e :.en of Ihis mortgage.
1. To permi~, commit p sufier no was~a, impainn~ns o~ deterioros;on of sa~d p~oF:crry or a~y part thereof.
5. To pay all and sinq~lar the custs, charges and e¦penses, including a ieasonao;e attorney's (ee snd costs of abstracts of title, incurred w paid at
n~y tirr.e by sa~d MORIGAGEE, because or ~n the event of ii,e fa:lure on the pan of +he said MJRTGAGOR to duty, promptly snd folly perform, discharqe,
e.e cute, eifect, complete, comply w~rh and ab.de by each and every the s~ipula~~o~s, a9re~ments, conditions, and covenants of said praniswry note and this
~ngage any or ei~her, and sa:d costs, cF~a+~es and exH~~nsrs, rach and every. she11 be inimrd~ate~y due and payaole; whethe? or not there be notice da
~::~~:.f, ateemp~ to co:i~t or suit pend+ng; and ihe t~tl amount of each and every svch payment shail bea~ inrerest from the date thereof until paid at the
n:ne per cen~~~~i p,:r a~~:~~ anc! au sa:d c~s~s, ~har~rs a~d eK, c•~s: s~rxunrd o~ pa~d, ~oga~her w~th :uch interest, shall be secured by the I~en of this
m o ~ fgage.
6. Thal {a) in thc event of any b~each of th~s Mor~ga9r or deiau;t on ?he part of the MORiGAC,OR, or (b) in the event any of sa:d sums of money
he~ein roferred to be not prompNy a~d tu:ly caed .v~thui ~h:rty (3~) days ne~t a~rcr ~:~e same severa!ly become due and payable, wi~hout demand or notlte,
_ r(c) in ihe event each and every ~he stipu!at:ons, ay~eemrnes, cor.c~s~er,s and covena~r,s ot aa,d promiawry note and thn morfgage eny p either are nol
i•_ prornptly ar.d f~~:y perforr,Ed, c;.s_h_,~ed, exewred, elfec'ed. co•:,piet~d, co n~,:~ed w~~h ai:d ab~ded by, then in e~ther w any such evem the said ag~
a,~ta sum men!~o~~ed i:~ sa~d prur,~~ssory notQ t!~eii re~noin;ng unpaid, w~tn in:~~re;t acu~ed, and a~! moneys aecured hereby, shall become due and pay-
forthwith, or therraftcr, at the optwn of s.~.d ~RiGnGEE, as !~~i;y o~~ comp~etc!y as i! a!{ of ti~r said sums of money were w~ginally stipuiated
~ be pa:d en svch d:.~, znything in sa.d pie:r ssory r.ote or in this h4o•tg~g~~ !o thc ccn~~ary notrv~thstanding; and thereupw? w thereafter at the op~~o~ of
s~ d :tORTGAGEE, v:l,ko~t nof~cr o~ dema~ d, s~~t at iaw or in eyv:t~, fhere;ure or thcrrafter begun, n:ay bc prosewted as if all moneys secured hereby
r~~ niatureii pner t0 its init~t~t;~n. ~ _
7. That in the e~rnt that at the bcc~=rm:ng o( or at any t(me pend~:,g ony nw: up~~ th~s Mortgage, or to foreclose it, o~ to reform it, or to enfo~te
..,~~e~~t oi any c`~,ms hereunder, s~~d A:U~tTGA'v: _ snall appiy to th~ Co:;*t f:a.;ry y~~:;d.ce~on there~t for ~he appointment of a Rece~ver, sveh Court shail
.,;;h appolnt a rece~:e~ of sa~d mo: tgayed prop• •ty aI' ~nd vr.~ular, ir,c:ud ny a~~ ::nd s~,~~u;ar ~hP income, prof~ts, issues ar~d revenves from whaterer
c_• dtr~vcd, e.;ch and every of wh.ch, ~t b~~~r.g =ir:r_se.v ~r.deruocd. es he~cu~ „~;,~fg~Q~d as if spec:fitaily =et (o~th and described in the granting and
~:.dum c'a~ses her,o!, and su:h Reteiver sn3lt h:,.,.• a!i ~he b~aad and efiecnYC limu,c~:s and powers in anywise eM~us~ed by a Ceurt to a Receiver, and
~ 3;:peintment shetl ~ rt,ade oy such Court as a~: ~d:•.;r!rd equir~ and a matter oi absotute r'gM to said MORTGAGEE, and wi~hovt reierence to the
~.~_cy or inadequacy of the va:ve oi ~he property r..o*rg„~ed or to the so:~e~~cy or ~nsuivrncy of sa~d NIORTGAGOR or the defendants, and rhat such
: proiits, income, issues and reven~es shall be appl~e:3 uy such P.ecerver accord,~:g to ihe lien o~ equity of said MORTGAGEE and the praUite of such
~.,rt.
9. To du'v, prcn-c.t'y and fulty perio.m, d~sc~-arge, exec~te, effe;r, cemp;rre, ce^•i. y with and abidr by each and every the stipulatio~s, agreements,
i r:ons orid w+e•na:~ra m so:d prom~ssory no;~ .,r.d sh s me:tge~e s~t ro:eh. -
9. TF.ar the e~c ~f ihe :„ne•sh~c of tm.• _~,;,-+.y.-aed prea;.ses, cr a~,~ ~-a.t ti:~~r~of, becomes vested in a person other than the MORTGAGOR, the
• ;'rAGEc, ~h Su.GCSSO~S dr.(j aSS~ jn5, r,~,;~, :ho~ +•;or.~_ TFza _l=?~:.;~W. ~~„ai ,.:;n _.~:h successor a succeisor in interesl wdh ~eference to this
•~~ayc aa~d the d-.~i>t tc•_~y se;wc•d :n rhe same r,arr..:r as ..~rh :1~rry,,gor a,r ~F~~~t in ar.y Way vihating or d~xharging 1he Martgagots' liability here
or ~e.on tne d_cf h_;co, ;:~c.r~~. s> ~ of ti.e {•e~~:ls.•s h_re~~ ~~:,~rry3grd ar.d no iorbearance on the part of the MORTGAGEE w ita successws
n>:gns and r.o exrers~e•i of !h~ tm::r iu rhe f:ay~.ent ot ri~e debr hr•eby secured g~ven 6~ the 1dORiGAGEE or its successors o: assigns, shall operate
; _~ease, d~scharge, m~d:Fy change er alfect the orl~:nai ;;a:; : t~ of :ne N.i;RiGAGOR hereln, either in whole or in pan.
10. It is spec~f~ca~ly aorced t1~ar !~m~ ia of ~h~ essence of ihis co~aracr and that no waiver of any obligat~on hereunder or of the o(alipition se-
c-ed hereby shail af any tir:e the~eafter te he!d ta be a wa~ver of ttu !etms hereof or of the instrument secured herby.
11. In aud r,~~ eo ~h> ior.-zc'ny ..,on~t.!y payn:_•nts of p~: ~c p~i ard ir.ter..st ~equ~:ed hy the prom;sscry ~w~e secured thtri:b}rC~~g~or pp~ nTs
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a3~ees to ;;ap ro •c-+a ~n~~e ~v.rh ea~.~. ~h ; r a,r ,~,;t :,r aa;i.~Io~~ j7 s~m ~ s• ~ a!ed by mortg3gee to be equal to 1; 12 of,~h~~[ j pi~l~ Ilow- ;
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A--P.i! real properTy taxes '~v~rd o• as -ssca ,~-s• tl:: a!:~+a drsc~ d reat es!ate. ~ ~p~'•~ . i ,
B--Pr:••n'~~:~; on f+re and r:~r.ds!o~~n erivr•vice as i~e~e~n r~qu~red to b•a cernrd o^. ~h~ improv~meatS situate on the ~ore~~escr~r~tr?{yji~,. ~ i
C-Premi~~ms on se:ch mortgage ~~~a~e~t~ ~csu:.~~ _e as me•tgagee sha:l frc-r tme to fime daem fit to car?y oo the~o~{eeur~bLr~'' ~
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, A1o~tga~ee ss:a'` t•_~m +~~r.rt o_ . e n;• ~rc~~~:,gc• .n r,~~t~r,g of the a•- o.:~t d~e and pafabie hereundar and suchSLm i~all fhere ~~Ileind
~~'r on thc d_e oa!e cf tFe xt o ir y,~y•nem and each svc~essive T.onth thereafter urtil mortgagee shall notify ~pioe~0~pr; of a •~p3uch
! t.
~ Such svms sha~t be app.i~d ty n~.ortga__.• ro:.ard ~he paymer.t of real proF~e-ry taxes, inwrance prem;ums, and~%q~01,l~a~e.~{?QN ~?it~Orance
i ..,mi ~ ~'N't,~~~`
l 1
~ ~I~t Yll7`JESS 'NHER~Of, th> sa~d MOR:GAGOR has F~ereunto set his hard and srat ihe day and year first a(oresaid. ~ ~I~~i~pu s,~1
~ -B+gn~d, Sea!ed de:i red i e presence of: . ~R I r~ q•
~ - =~:._3' ~ ~~sD'c~
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~ i~ f . A. ~ ~ • - Seaq
; - _ " . ;.~~~s ~ : eor o orou s en
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~ - _ - - i ~ - - . j r RO 2~, P. D~]MIe , Secretary ~sea4
~ - - H~- ~
~ 299•~1,~
~ STATE OF FLORIDA COUNTY OF ST. LUCIE ;
~ I HEREBY CERTIFY, That on this 15th day of _ Januazy _ , A.D. 19 75 '
~ before me personally appeared _~orEe Theodo~'ou _ and Robe2't P. Dimqett
~
~ respectively President and _ _ Secretary ' _ , of
§ THDOD~RCJU & DL~IM'?TT , P. A. Florida
:
' - a - Corporation, to me
- known to be the persons described in and who executed the foregoing instrument, and severally acknoWl~ ihe exe- j
~ y
" G~t~~° .
N: cution thereof to be their free act and deed as such officers for the uses and pursoses therein me Iro~t'~d~~nd ~}~y {
~ ~ :4~ ~.,•..J~::.4 t
a,fixed ihereto the official seal of said corporation, and the said instrument is the act and c~eed b~t~i~ ~Ppr~iQ~.
~ , ' -
iy WITNESS my hand and official seal at Fort Pierce , s' and s3ate. 1-a- ' ro~` =
~ '?`his instn~ment preparsd by ~ ~ v% ~.O ~ ~ {
~
'•fin. Braun ~--f -
~ ='irst ~ede ral ~avir?gs and ~af1 ' otar Pubi~c, in and fo tate and ~C
~ - 1D ~I
"Gsociation or Fort Pisrce~ F1o2'ida My Commission Expires: I~p1ARr`p~j8~f~ ~ ~
~ YV COMMISS?ON EX?iRES NOYEMdER 1t. 1917 !
80NDE0 iNR116EMERK INSURAMCE UNOERrfItITERi.
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~ Checked By
~
r GOL~Yt h~rV V ~Ari
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~ ~a
~eu
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