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3. To piac~ and continuousty keep on ihe bui:dings now w hereaftN ~ituate o~ sa;d :and and on all equipme~r and persan~lly covered by ~hii mortg-
~g~, with sll prcmiums therea+ pa~d in lull, iire i~i~vrance ]n ~he ~sua{ iia~dmd pot~q fo~m, in a s~m approved by ch~ AAORtGAGEE, and windstorm
inturanc~ in ~he ~swl s~~nd.rd pol~cy iam, in a sum app~oved by the MORTGAGEE, in iuch company o~ tompaniq as tM MORTGAGEE may
directt ~nd all lir~ and w~nrJstorm insu~ance polic~es on any of sa~d buiid~~gs, any interest there+n or p~~t theroof, in tM afl9.eyate sum ~(o~esaid o~
In excess ~hrreof, ~hall con~ain the usual standard morlgagee clause w such otF?er ciaux as ~hi Mo+ty~ge~ may requ~rs, makinp tM loss under sa~d poli-
cies, each and every, payab!e ro sa~d MORTGAGEE a~ ~~s imer~st may appear, and each a:id every such policy shall be prompdy •ss.gned and delivered ~o
~ny held by sud MORTGAGFE as lurther irtwity to sa~d m«Igaga drbt, and, not iess than Ien (lU} days ~n advanca of ti+~ eapi~~iiyn of each poiity, to de- ~
livei to iaid MORTGAG~E a ~enewal thereof, loge~her vrith a rece~pl fw the ptemium ot such reaewal; and there shall be no iire or windslorm inturanc~
placed on aoy of sa~d bv~ld~nga, any inte~est therein or part ~hereof, unless in ihr (orm arxl wifh the lou payable as atwesa~d; and in ~he event any surp ~
of monsy becomes payable ~nder such policy w pol~cies said MORTGAGEE shall F~ave ~he option to recaive and apply the same on account o~ the indebted~ i
neu setur~ ?Kreby w to pernut said I~AORTGAGORS to rrcrive and use it w any psrt ~hereuf for othcr purKwfes, wi~hwt tfiareb~ waivin~ or unpair-
inp any equ~ty, lien a ~gh~ under or by virtue of ~his mor!gage; and in ihe event sa~d MORTGAGORS shall fw any reason tail ~o keep ~ha said premisea so - ~
insured, w fai) to deliver prompily any of said pol~cies of insu~ance to sa~d MORTGAGEE, w f361 promptly to Wy fully any premium therefw w in any ,
respect fail ~o pe~fwm, d~xharge, executr, efiecl, completr, cnmpty wiih and ab~de by th7s cove~ant, or any part he~eof, said MORTGAGEE may plsce a~~d .
psy fo~ such insurance or any part Ihereof without waiving a afFecting any optwn, lien, equ~ty, or right under w by virtue of this Mortgage, and tht ~
full amount of each and every such payment shali ix im~nediately due ar.d payable and shall brar intere~t from ths date thereof un~il paid at the rete ol
nlne pet centum per ann+im a~d ?o~rthrr with ~~ch ~ntrres+ shatl br sewred by the lien ot th~s mortgage.
1. To pe~mit, commit a wffer no waste, in~pairment w dcter+crat~on oi said p~operty o? any part lhereof. ,
5. To pay all and singutsr the costs, charges arxl expen~es, inciuding a reasonabte attorney i fee and costa of a5stracts of title, incur~ed w paid N
any time by said MORTGAGfE, because w in :he event of the fa~lure on the pa~t of ~he said MORTGAGOR to duly, promptly a~d fully periwm, d~scherge.
execute, effect, camptete, comply w~th and ab:de by each snd every the st~pulatwns, agree~nenM, conditions, and covenants of said promiswry note and thi~
mortgage any or e~+he., and sa:d costs, charges and expcnses, each and every, shall be immediatety due and payable; whethe~ w no1 there be notice de
mand, attempl b cotiect w suit pend~rx~; a~~d the fu!I amounf of each and e~ery wcn paymem shall bear interest from the date thereof uNil paid at tht
rate o~ nine per canr„~n µ~r a:u~um; anc: a~~ sa.~ costs, d~aryes and <i,,ri+scs irx~~red or paid, togett~er ~vuh such interesl, shall be secured by the lien of this
•
mwtgage. •
6. That (a! in the event of any breach of this Mo:tgage or ~+efault on the part of the MORTGAGOR, or (b) in the event a~y of sa~d sums of_ money
herein refe~red ro be not pro~,ptly and fully pa~d within th~rty (3u) days ncxt airer ihe same severally become due and payable, without demand p rtotice,
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ur ;Ci ~~~e o+rc+ii ceu~ aru e:cry iir~ ~Ly.,:o~~...:s, ey~co.~.~:..,, oi.:s w.~..o~,:s so.:. ~iiJ:iiliSiiiy i~.;;i a~~ i~:~ rt.iKiqac,e.i+ty ~ e:ihet 3r twi
iuly, pronipNy and fu~ly performed, d.scharged, executrd, effectcd, co~npieted, compi~ed v.i1h ar.d ab:ded 5y, the~ in either w any such evem the said ag
gregate aum mentwr,ed in sa~d prom~ssory note Ihen re~naining ~npaid, w~i~ interest acaved, and all moneya setured hereby, shall bKOme due and pay
abie forthwith, or thereaftcr, at the opr~oa of said MORTGAGEE, as fully arid comp!ercty as if all of tl.e said sums of mooey were originally iGpulated
to be pa~d on svch day, artytf~~rrj in sa.a pror.i~ssory note or in ~his Mortga~r to the conirery no~withsranding; artd thereupaf p thereafter at the option of
sald MORTGAt',EE, w~sho~t rtonce or davwnd, suif at law or in ey~dy, fhrrefore or therrai~e~ begun, may be prosecuted as if atl moneys setured hereby i
nad matwed pr,or to ~ts ~nstitut~on. #
7. That in the event that at the beyinn:ng uf or at any t~~ne pcndirg any su~t upon this Mortgage, or to fwedose it, or to reform i1, or to enforce
payment of any ciaims hereunder, said MO4TGAGct shali apply to the Court hov~ng ~u•~sd:c~~on thercwf (w the appaMment of • Reteiver, such Court shall
lorthwith appomt a rece~~.er of said mortyayed prope.ty all and s~ngular, inctvd.ng ail and s~n~u3ar the income, pro}its, iuuef and reve~ues f~om whatever j
s~wce derived, each a~d every of w~~:ct~. ~t be~ng expressiy unde•st:.od, is hereby mo~ty3g<d as specAically set forth and dewibed in the yranting and +
habendum ciavses herz~of, and sUCh Receiver shaN have a!I the broad and effectave iunct:oni and powen in anywise entrutted by s Courl to a Reteiver, and ~ ~
s..ch appoinrmcnl shall be made by xch Caurt as an admitted eq~~ty and a ma:rer of absotute right to said MORTGAGEE, and without referente fo the
adequjcy or inad~uacy of the va~ue o' the property mortgoged or to tne so.~'tr.~y ~r in:o!vency of said kIORTGAGOR or the defendants, and that such
re~~ts, proiits, incar.e, iss~es and revenues shal~ be appiied by such Receiver ac;orti~•:a to the lien w equity o( said MORTGAGEE and the practice of svch ~ ~
CourL . ~
8. To duly, promptly and futly perform, d:scharge, execure, e.'fect, complet•=, con,E;~y with and abide by each and every the siipulations, agreemenfs,
conditions and covenants m se~d promissory note ar.d this morrgage set forth. ~
9. That in ~he eve^t the cwnersh;o of thr mortgaged prer.,~ies, or a~y part thereoi, becomes vested in a perwn other than 1F~e MORTGAGOR, the 1~
:t^RTGAGEE, irs wccessors acu ass:ons. ,~~ny, v:;rhaut nonce to the .ti10RTvAOR, deal .v~th such saccessor or successo~ in interest with rcference fo this :jJ ~
-rortgage and the drb~ hereb/ sewred in the sar,e r.~anrer as w~ih 1Ro~tgagor w~~hout in any way vitia~ing or dixharging the Mortgagors' liability here- ~
~nder w upon ihe drb+ h;:reb~ s_.. •ed. Plo s~:e of the F+em:ses h~.eby mo~tga3ed and ~~o forbearanct on the part of Ihe MORiGAGEE a its suetessors ~
or assigns and no cxtersion ot the ti+r.e fe. Ihe paymc•nt of tnr debT h•~reby secured given by the h10RTGAGEE ot its ~uCtes3MS ot auigns, s5a11 operate ~
to release, d.scharge, modity change or affect the c~~g,ral l~ab ;:ty of ~he hARTGAGOR lurein, either in whole a in part_ O j
10. I~ is s~ec~fica~ly agreed rhat GrRe is of the rsser.ce of th7s contract and that oo waiver of any obHgation hereunder w of the obligstion se- ~
cured Fkreby shaL' at any tirt~e thereafter be he:d to be a wai~er oF the ferms hereof or of ihe instrument secured herby. ~ 3
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I1. In add't;o~ to t~e fw-:go'ny monthSy pa_.i~entz •of print pal and ~~!e*es` re9u~:c~ by the prom~ssory note secured hereby, mortgagor eovenants ~
and agrees to pay to mortgagee with eech month~y payrnent a~ aJd~rional sum esr~mared by mortgagee to be eqwl to 1/12 of the anoual cwt of the follow- ~
ing: .
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A-A{I real property ta~as lel~ed or asses:rci agai~st the ai~ove descnbrd real es~ate. ~
6- Frcn:iu~~~s on fire ar.d windstorm :rsura: ce as hereh, requ:red tu be carried on fhe improveme~ts s~tuate on the above descriEed ~tmises_ '
C-P~e^~~u~r s on such mo~ig,ye gueranty Irsurar,ce es ~i~o~~gagee shall frem t~me to time deem fit to carry on the :oan secured,stiezeb~y. - ~~'r ~
' 'C. '-3~-.
Ato:tgaoee s~~i! lram t~~~e to t~.T,e ~ot~fy mo~:yagor in writ;ng of the ar,,ount d~e and payable hereunder and such sum sha11=f1wre0pon be d~tle=pt~ 4`
c.ayable o~ nc~ dve da~e of the nrxe mo~thty payrne~t and each su:cessive mo.th thereafrer ur.til mortgagee shall notify mortgagbr of e changeiin su4F~--~ ~%}fw
ac~ou~t. Such sv•n: s~~a.t !~e appGed by mor~ga3^e ~~..ard tne paymeni of ~eal properry taxes, insurance prem:ums, and mortgiga yu~:a `~it~sur~c~ - ~'V ;
~emi~ms. ' ~ . ' `
IN tiVITNfSS :.'HckEOF, ir.e sa~d MORTGF~GOR has hereunto set his har,d and scal the.day and year fir afor d 1~~ T-~
Si9~rd, Sealed ar.d deiive*ed in the presence ofc $ `~~,i~
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5;4~~~`~_. ".e~~$ ~ • ~ `
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3~808 ~t I Z 58 PF~'7`1- f
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STATE OF FLORIDA COUNTY OF ST. IUCIE
I HEREBY CERTIFY, That on this ~5~ day of Sepl~lber , A. D. 19 7S ,
before me personally appeared Rafael Vieqo a~ Mazio S~eiras
respectively President and ~ Vice Presfdeat ' ; of
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Bast cna~t nevelee~eut Corn~ratian a Flozida ~ eiti t me
. ' ~'d'~f C~'.. o,
known to be the persons described in and who executed the foregoing instrument and severally acktiowt'dged'~lte~e~x~-
.
cution thereof to be their free a~t and deed as such officers for the uses and purposes therein meoti~nefd;, and ~ef• f't~jr
affixed thereto the official seal of said corporation, and the said instrument is the ad and de~t. o~~~aid c~y?r~6retp~
WITNESS my hand and official seal at Fort Pierce St. iueie , said county and"sta~-_ ='~0;~ y~~~~;
?his iastrunent Prepared by _ j~: .
J. I~ts 1 Roberts ~ Jr. Notary Pub c, in a~d for State and ~ounty ~eforesa+d.
First Rederal Ssvin~s Laan My Commission Expires: Norary PubP~c, Sto~e of Fbfsdo o~ torg.
Association o! Pbrt Pierce a1r Comecssion ExPires A~ri ~s, ~9~a
6o~dQi~ by American Fire 8 Co•u~~h 1
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v~ ~ v~ ~ r ic~ a.c
Checked By $001(244 PACE t7U{~
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