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To piace and continuously keep oe ~be bui'd+ngs now or hereahar ~~tuat~ on sa~d land and on aH equipment and penonally covered by th~s mort¢ p~, with all premiums thereon pa~d m full, tire insur~nce m ~he usual iia,w~fa~d pcliq form, in • ium spwoved by ~hs MORTGAGEE, and windstorm inwrance in ths usual stand..d pol~q tam, m a sum appro.ed by t!?e MORiGAGEE, in such company w companias +s th~ MORiGAGEE may d'u~ct; ~nd all firs ~nd windstorm insu~ance polK~es on +ny oi sa~d build~ngs, any intere~~ therei~ w pa~t Iherwf, in Ihe agyre9a?e ium afor~uid w in eaceu ~hereof, ihell ca+tain ~he usual s~andard matgagee clause a such o~her clause ai ~he Mor?gagee may rcqu~% maMirq tl?s lo~s under se~d poll- cie~, each and evay, payab!e ro said MORTGAGfE a~ ~~s in~creat may appear, and cach and eve.y su<h potiq shall be promptly ais.gned snd delivered ~o aoy held by seld I~IOR(GAGEE as furthe~ security tp said mortgage deb1, a~d, not less tha~ ~en (10) days in advance of Ihe expirat~on of each po~icy, to da (iver to saed MORTGAi EE a renewal thereof, loge~her with a rcceipt fw the prrmium oi such renewal; and there sh~ll be no fire or windstorm iniur~nte plated on any of said ?wi~dings, any interest therein w part thereof, un:esa in the form and w~~h ths Iou payable as alaeuid; a+d in the event any tum of money become~ payaWe under such policy w pol~cies uiJ MORTGAGEE shall have the opt:on to receive and apply~ the same on accoun~ of the indebtcd- neu tecvred hereby or to permit said MORiGAGORS to receive and us~ il q any F:an i!w:eof lor o:her purposes, witho~t ih:rebr waiving or unpair• ~ Gg any equ+fy, I~en w r~ght under a by virtue of this mo: tgage; and i~ Ihe even~ sa;d MORTGAGORS shall fa any reason iail to keep ~he iaid premisrs io insurcd, o~ fait 1o deliver promptly any of said pol,tiea ol insuran~e to sa:d MORTGAGEE, ot tail promptly to pay fully any premium therefor o? in any teapcct lail b perfwm, d~scharge, execute, e~fecf, complete, canply with and abide by thes covenant, o~ any part hereof, said MORTGAGEE may plate a~~d pay fa such insurancs or say pan thereof without waiving or atiecting any opUon, lien, equ,ty, or ?igh~ under w by virtue of this Mortgage, and thc full amovnl 01 eacA and eve+y such paymenl shal~ be iminediately due and payable and shall brar interest (rom tha date thereof until paid at 1he rate of ~ nine pe? centum `.e~ annum and to~e~har with suth interesr shail i~e sec~red by Ike tien of thi~ motfgage. 1. To permif, c~mmif o~ suffer no waste, impairnxnf or de:rrioratioA fif aaid ptope~ty w any part thereof. 5. io pay ail and singulp the costs, charges and e:ptnses, including a ~easonable atturtey i fee and costs of abstrads of title, inc~rr~ pr paid af any li~r.e by said A10RTGAGfE, because or in the evrnt of tl~e ia~iure un the pa~~ of ~he said MORTGAGOR to dvly, promptly and fully perfam, distharge, txecvte, effecl, canptete, comply wnh and ab:de by each ~~id every the st~pulat~o~tis, egreements, conditiom, and cove~aots of said promissory note and thi~ morlgagt any w e~ther, and u~d costs, chatges and expenses, each and every, shall be iminediately dve and oavable: whether w not there be notice ds mand, auempt to co:iect w suit pend:ng; and tM futl amount of each and every svch payment shaH bea. iNeres~ from the date thereoi votil paid a1 the rate ~f n~ne pe~ cent~•n prr a~nurn; and alt faid ccsrs, charyes a~~d er;;~~nses u~wrrea o~ pa~d, ~oge~her w~~h auch interest, shall be secured by the lien of thit matyage. • 6. That (s3 the event of any bresch of this Mortgage o• defau;t on thr pa.t of the MORTGAGOR, or (b) in the evenf ~ny of said sums of money hereio referred to be no~ pranptty and fully pa~d wi~hin thuty (3Q1 daya next atrer the same aevnrat:y become dve and pay~ble, without demand p notice, w(c; in the e~ent each and eve.y the st~pu~afio~+s, ag~eemtnts, COndi7io~s and covenanrs of sa~d promissory note and th~s mwtgape any a ei~her ~~e nol ~uly, promptty a~d f~lly performed, dscha~ged. executed, elfected, completed, compi;ed wirh and ab~ded 5y, lhen In either or any svch event /he said ag gregate sum mentioned in said promisswy ncre then ~mnaining unpa~d, wi~h imeress accr;;ed, and atl moneys secured hereby, shall become due and pay- ~ •bie forthwith, w tl~ereafter, at the oprion of sa~d h10RTGAGEE, as fuUy a~xl c•~mpieteiy as if a~l of the said sums oi money we~e wiginalty stipulated `'~3 • fo be pa:d o~ such day, anything in sa:d promhswy note or in this hlortgage to the conrrary notwlthstanding; and thereupoA or /hereafter at 11?e opuon of ~ said A10RTGAGEE, wi~ho~l noi~ce or d.:manJ, suit a? law or in equ~ty, therefure a thereafter begun, may be prosecWed as if all moneyt secured hereby ~ had matured pnor ~o its ins~itution. 7. Thar in rF~e evenr rhaf ar tne beginn~ng of or a? any time pending any su:f upan rh~s Mwrgage, w to fweclose it, or fo reform it, o? to enface ~ payment of any c!,:ms hareundcr, s;,id h1GRTG:.Gc: sha!1 appty to the Court h3~~»g ~urnd~ction ~he~eof }w tF~e appointment of a Receiver, suth Court shsll ~ Fath~vi+h appomt a rece~.e+ of s~~d morlgay~-d prop+_rty a~I and si~~gutar, in::ud,~g o,1 and sinyular the income, profds, issues and reveauef irom whatever ~ source derived, each a~x! every of wh'cfi, ~r be~ng eapress:~• undz~stcod, is hereuy v:ortgaged as if specificalty sN lorth and dexribed in the g~anting and habendum da~ses hereof, and svch Receiver sha11 ha:e a;i the broad and rffective fu~ct ons and powers in~anywise eMrusted by a Court ro a Receiver, and ~ s~ch appointment ah.+it be made by s~ch Court ss ~n ~d:»itted equi:y and a matter of absofute right to said MORTGAGfE, ~nd without re~erence fo the V( adeyuacy or inadequacy of the va:ve of the property mortgaged or to the son•en.y or er~sci~enty of said MORTGAGOR p the defendann, and thaf sueh _ rents, proF,ts, incane, issues and revenues shat~ be appi;ed by svch Rcce~ver accord~:~g ~o the lien or equity of said MORTGAGEE and the pract4ce of suth Court. 8. To d~iy, prompr!y and fully perform, discharge, execute, effect, com.E;lete, co:~~p?y w~th and abide k~y each and every the stipulations, agrcements, ~v conditlons and covenants ~n sa.d prom~ssory note and th;s m~r~yagr xt {orth. ~ - ~ 9. That ~n ~he eve~t the ow~ersh~p of !he m~rtgaged prem~ses, or a~y parf thereof, becomes vested in s person ottier than the MORTGAGOR, fhs MORTGAGfc, ias sutcessors acd assigns, may, v.i:hour notlce tu the N.i.URTGA:~R, deat vr,rh such succeuor or successor in interest with refererrce to this mortgage and the debt hereby secueed in the same marner as ~nith l.4ortgagor w~thout ~n any way vitiating w discharging the !No?tgagors" liability hert under or upon tt,e debt hereb~ secvred. Ato sa!a of the F:ern~srs hereb~ rnortgaged and no forbearante on the part of the MORTGAGEE w its successots "i or assigrts and no extens:on oF rhe time i~r the pzyment of the debt hereby secured given by the MORTGAGEE or its successors or assigni, shall operate ~ Io re~ease, d:scharge, modify change o+ zf+ect tne a•+g~na! liao~~~t~ of ihe MORTGAGAR herein, either in whole or in part. 10. It is S(FC fKdily tgreed that time is of the esxnce of this ca+vrac~ and that ~o waiver of any obligation hereunder or of the obligatan sr cwed hareEy shaL' at any time thereafter be heid to be a wa~ver of the terms he~eo( or of the instrument secured herby. I 1. In add.uc : to the forego:rg monrh'y pa~m_~:rs of pr~~c pai ar:d inierest requ~rrd by the p~omissory nore secur~J hereby, mortgagar eovenants and agrces to pay ro r:crtyagee with each momhly pay:.~ent an add~rio~ai sum est~mated by mortgagee to be equal to 1~12 of thg annual tost of the follow- . A-All real property taxes !e•r.r~ or asse:sed a~:~~•~st the above desai~ed real estate. , B-Pr._rr.a, ~s on fire ar.d windstorm insurar.ce as herein requhed to be carried oo the im~roveme~ts situate on the above described premises. C-Prr.ni~r.+s on such mortgage gvarant~ icswaoce as mo•tgagee shall fro~r. tYne to time deem fit to carry on the loan secured hereby. - Nortgagee s6a!E .'rom ti~r.e (o ti:re notify mortgagor in writing of the amouot due and payabie hereunder and such sum sha~l thereupon be due and payab.e on the due dat<_ of th_ next mo~rh!y ~aymens and each successive menth thereafter urtil mortgagee shall notify mortgagor of s thange in such amo~nt. 5uch SJTS sha71 be appiied by morrqe~ee ror.ard the payment of real properry ta:es, insurance prem~ums, and mortgag~ guaranty insu~~~ premi~ms. .~t~~~r/I . ' IN \'~ITNESS '.•:HER~OF, the said MORTGAGpR has hereunto seI ban and seal the day and yesr ferst fore d_ ~~'~~.t~ ~ i.~i. ~ Signed, Sealed and detivered in the presence ~En AM=' ~~V7,~ fLA. ~ _i S1_LUCi~ tOUM ~ . I'I - r,>I~RAS gyi • . _ _ ~ . c~ER ~usT CouRT e i ~.A - ----Rf~~;,~,y~-~~:f0 ' - i4 : 75A~~z:- - ~ . _ _ ~ ' ~ 9 27 ~ - - - - M io Svieras V3c ~ Presid ~ : _ . - - - - - - - - ~ _ . v ~ i . STATE OF FLORIDA ~~-~~~9 COUNTY Of ST. LUCIE I HEREBY CERTIFY, That on this 25~ day of Septe~ber , A. D. 19 ~S , before me personally appeared Rafael Viego and MBrio Sviesas respectively President and vi.~~ pre~;~~~•~• , of Baist C~ast Develnme*+t Cnz~ratien , a Florida ~Corpo~~}ion, to me k~own to he the persons described in and who executed the foregoing instrument and severallq7alcknowaed~ed=the exe- ~ cution thereof to be their free act and deed as such officers for the uses and ur ~ ' ~ p poses therein fie~itia~ed; aAd t~at they affixed thereto the official seal of said rnrporation, and the said instrument is ihe act. and. c~b'"e~ o~, tlid~ cor~ioration. WITNESS my har.d ano official sea) at Fort Pierce ~ said countSt arSd'~tate. ~ ?bis instzm~ent prepared by ' J• Hal Rob~rts* Jr. Notary Publ ` ~ , in and for State and Couny. aforesaid. Rizst Rsderal Savia~s aad Loaa My Commission Expires: C~~~ / J~~~ Associatiou et Fort Pierse Checked By _ Se~K 244 PACE 914 ~ ~ . . _ _ ~ ~ ~ ~ ~ _ ~ ~ ~~~s~-~~~~ - ~k