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To p1~a ~~+d con~irwo~ily kNp on ~h~ b~+~td~nps now or M.~d~a ~ttu.ti on ~W land ~nd on dl ~quip~.?~nt ~nd pa~on~lly oovN~d bl? ~hi~ mo?q~ ,
p~, with ~I) praniums tM~wn pa~d in full, (a~ in~ur~nc~ in rM v~wi ~ued~rd policy tam, in •~w~+ ~PpoM+d bV tht MORTGAGEE, and wfr+d~twiw , 1V
imw~na in th~ v~wl uandud pol~cy fam. In ~ wm ~pprov~d by ~M MORi~3AGEE. M wch can~?Y a~*P+nia MORTGAt3EE ma~ ..°i :
d~nd~ and dl pn ~nd wwd~w~~n iruw~na pdicws on ~ny OI N1d bHIWil1w. MIy {IIINpI tllNfill W ~M?1 fMf~. in ~M pp~~Wn wn~ •f«.~a1d a •
le ~w thN~oi. dwll conr•ia ~M wwl u~nd+rd ma~ppM dau~ a wd~ alw cbuw N tM Ma~papN m+Y r~qvin. m+ki~p th~ loK ur~ s~id Poi{'
cfa. ~ach and wwy. ar+bl• a s~W MORTGAGEE in inar~st may ~pp~a. and ~ach and .wry wd~ policl? ~h+11 b~ pranptly Ka~pmd a~d d~livKd a
•ny Mld by ~.d MORTGAGEE a fw~Mr un?riti ro s.id mw~p.p. dsbt. and ~ Ns~ tMn qn (1~ days In +dva~a of th~ ~xpir~tioo of wch politl?. to dr
Itwr ro uk! MORTGAt3EE • r~w~l t1?Nwf, 1ope~hv wi~h a tK~lpt fw N» pr«Num of wch rN+tw~l~ Md ~hK~ sMll b~ no fin a wlr~~am i.ywana
plaad on ~r of ~aid bvildin~, ~ny h+terat ~Aa~in a psh tMrwf, w+l~ss in tM fam ~+d witA th~ loa paYabl~ a~for~idi ~nd b+ tl+~ ~wM ~ny w~ i
of ~,q,wr b~wn,p p~yabl~ urtdK wch pelicy o~ policih s~id MORTGAGEE ~11 Mw tlr option ro nc~iw aod apply tM sartN a+ aooouM of tM ird~bt~ ~`;,i `
nNa Ncwed Mr~by a b psrmit s~id MORTGAGOaS 1o nuiv~ ~nd us~ N w u?y pat tMr~o! fu othe~ pu~po~~s, withoul thN~by walvi~q or i~+~ia ~_~yr
tnp any pv~h. tiM o~ ~~pht und~r w by vi~tw ~ this mortyp~j ~nd ln tM ~wnt ~+~d N10RTGAGpltS sMll fa ar?~r rwwn f~il a k~ep th~ ~aW pnmis~s so t r ~
Muund, a fail b d~livK pranptly ~ny of saW policies of inswu~u M Nid MORTGAGEE, or fail prompNy fo pay fvlly ~ny pr~.niurn tM~~for o~ in anr .
nspec~ f~il b paiorn~, dixMr~e. ~x~cvt~. t((M. canpl~t~, comply with ~nd abW~ by thi~ cov~nant, a.ny put h.nof, aafd MORiGAGEE ~y pfaa ~nd
WY ta wd+ Irawana or Mr paA 1M~~of without w~ivkg a ~if~ctirp +M aW1oo. ~i~n, puity, or ripM w+dN a bY virtw of thk Mw~~p~. and tl» . -
full amount of ~ach and we~r wc!? paym~+t sMll b~ imrmdwtdy dw ~+d p~yabb ~nd sMll bear inNrest han th~ dat~ tMnoi unMl paid af tM rat~ of
~irk per pntwn pM annum and fogelhe~ with wch intaest shall t» ~ecwed by 1M U~n of this mwtp+p~.
I. To pamit, comn~it or wff~r no wast~, Impairment w d~tKiwation of said prop~ty o~ ~ny Wrt tlwrwf•
S. To p~y ~II and sinpvla th~ cw~a. charp~s and ~xA~n~c~, inclwli^o • r~+~onabl~ ~narNy'~ fa uw! aosts of sbat~+cM of titl~. YKUn~d o~ paid N
•ny time by said MORTGACaEE, b~uua a tn th~ ~wnt of tM f~ilw~ on ~M pwt of th~ uW MORTGAGOR b duly, pranptly and fully pwfor~, dwclwy~
~xecvt~. ~f(M, tomPkk. ~~Ph w~th a~d ~bide by ~ach and ~very tl+~ ~tipulations. pre~ene^tf~, conditiom. and aov~nants o( taid pomiuay iwt~ a~d thi~
+~+~9~W ~^Y a NrM.. and sa~d cosM. chuye~ ~nd ~~epMSes, ~ach and ~very, ~!?~tl b~ inwmdist~ly dw and paysW~: wMtMr w ow H~~ b~ notju d?
m~nd, ~nempt to oo1Mc~ a wit p~nd;+,yj and ~M full amow?t of ~ad? u~d rve~y wch payrn~m iMll b~ar Mares~ fran tM da» tMrad umN p~id at tM t
rat~ of nlne ptr untum pa ~nwms and all said oostt, cha~p~f u~d expensa intur~~d or paid, toptther with wcl~ inl~nst. shall b~ Nwr~d b~l tM Iwn of thN
^+wt~p~• j
6. TMt (s) in tM wa+t. of any breach of tl~is JNortpsp~ w d~faul~ on th~ pan of the MORTGAGOR, or (b) In th~ w~nt ay? of s+id awrn of mon~r
herein nferr~d b!» not promptly u+d fully paid withi~ lhirty (30) days n~xt aha~ the sam~ s~vaalfy becarN du~ ~nd payaWe, without dM+wnd w notiu.
w W in tIM ~wnt each u~d eve?y ths uipul~~i«w +W~ert?Mes, conditions and cova+~nn of aa~d p.omiaso~y oote and this matpap~ any a eitMr ~n no1
i~rh, panpty and fuly pKfwmed, d:sch~ryed, exea+rsd. ~ffected, compl~ted, complied with ~nd sbid~d by. IMe in ~ither or u+y wch ~wm tir s~id ap~
prayat~ wm mentaned in said promiuory noM ihen ~emai~+inp unpaid. with inte~e~1 ~ctrued, and all ma+tys s~tund MrtbY. sl?~II b~oonN dw ~nd p~y~
abl~ fo~ti?with, or tMraher, et ths option oi ssid MORTGAGEE, as fully ard compl~tely ~s if all of the saisi ~vms of mon~y w~n orginally st~pvtated
to b~ paid on wd~ day. ~nythinp in sa7d p.omissory not~ a k? this Mplysy~ fo tM tonlr~ry notwithsUndinp: ~nd thKwpon a ther~ahK st th~ option of
uid MORTGAGEE, wi~hout norKe w d~mand, suit at bw or in p~ity, fher~fore or tha~af»r b~yun, n+ay t» pros~wt~d aa if ~tl moMys s~cvrd hKeby
had matured prar ro in insritutia+.
7. lhat in tM went tMt at tM begi~v+inp of or st u~y tim~ p«~diny any wit opon this N~o.t9spe, or ro foncta~ it, a a r.fw~n N, a to ~nfo?p
p~ym~M oi ~mr d~i~ he?wnder. said MORTGAGEE shall apply to ths Coun havinp jwisdictia+ thereof for th~ sppoirama~t of a R~ceiwr. wch Court sMll
fo.~hwi~h •ppo~nr a?ec.ive. of aid rno.~0a9ed prope?ry a11 .nd sing~lar. irKluduig all ~nd sh~pula th~ intai+~, p?ofits, issves ~+d nwnws fran wh~t~wr
wwct daived, exh and every of whrch, it bei~+p ~xpreuly ~ndH~tood. i~ hereby mwtg+g~d +s if sp~ciliully ~t fath and~d»cribed •In tht pr~ntinp and
hab~ndwn ctausea hsreof, and such Receiver shall Mve dl tM b.oad and eHecrive fwxtions and powen in anywae ~ntrvatsd b~r a Caxt ro a Reasiwr. and
such appointment ~hall be m+de by such Cowt u ~n ~dmitted equity and a ma~tsr of absdute riyht ro s~id MORTGAGEE, and without re(K~ to tlr
~dequacy or inadeq~racy of the w!w of the property monya9ed or to the wlv~ncy a i~wlvency of ssid MORiGAGOR a tAe defee+d+nts, and tlwt such
?ems, profits, inca~ne, iuves aod rwenuet ihaU b~ applied by svch Receiver xcwdiny to the lie~ or pvity of wid MORTGAGEE ~nd tM pr~cfic~ of wch
Cowt.
9. To duly. promptly and f~Uy pafw~n, disd+ar~, executs. effect. eomplst~ aomplp ~vith and ~bid~ by each ud ~wry tM stlpulatiaa„ agnertwnt~, ;
conditans and covenu+ts in itid promissory .are and ti~is mortgsg~ set fwth.
9. That in tM eveM the ownenhip of the matgsyed premises, a a~y psA the~saf. becanes wsfed in ~ perwn otMr fh~n tlw MORTGAGOR, th~ ?
MORiGAGEE, in suaesson and assi~s, may; vnimFaur norice to Me MORTGAOR, deit w;~h such wuessor or successo~ in Mterest with referee~u to this ?
mort9apa and Ihe d~bt hareby secvred in tM s~en~ mamet ~s with MortyaQo~ witiwut in any way vifiati+p or d'ifcfiar~irg t1w Mortpapors' liabiliry Iw?
under o~ upon the dcb+ fic+eby secured. No sale of tM premises hereby mort9aped and no fwbear~nce on the put of tM MORTGAGEE a its wa~sssors
or aasigns and no extena~on oi ~F+e time for the p~ymerh of the deDt hereby secured yivan by tM MOR7GAGEE or its sucutso~s w assigns, ahdl opaa~t
ro rekae, discharpe, modify c1»npe w affact tM orpinal liabiley d tlr MiORiGJ1GOR Mreie, ~ifher 'ai whol~ or in p~rt.
10. It is spedfically agreed that time h of the euence of this contrxt ~nd tMt no watvar of any obliyation hawnder w of th~ oblf~tion M- ~
cured hereby ah~ll a/ any fime there~fler be held to be a waiver of the ternn hereof or of t!K instrurtiem secwed herby. ~
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11. lo sdd~tion ro the iwego:rn~ monrhlY p~Yments of princ:pal ar?d inferest ~equired by the prorti~ssory r+o1e secured herebY, awrt~ap0~ ~Opw~Mnb ~
and-agrees to p+y to mwtgagee with cad~ momhly payment an addi~ional sum estimated by mortysgee fo be eqwl b 1/12 of fhe ann~ j , •~;~d~r-t
1l19' Y4~~~ M~'~ f .
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A-All real propeAy taxes levied w assessed against ~he above desvibed real estate. ;~Y t,?`~'t~ ;
• r_s.~,. .~~5} .
B-Premiums on fire and wi~dstwm insurante as herein requ~red to be urried or~ the improve+nents situate on the abO praniqs.
~~:C~..
C-Psemiums on such mortgsge guaranty, insura~ce as mortgsgee sh~ll from Gm~ to time deem fH to cany on fhs I+rteby.
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Mwtgagee shall from time to time notify mortgago~ in w~it~ng of the amouM due a~d payable hereuods~ ~nd sutli ~VpDn 4l: ~nd~~-_'- "
payabk on the due dare of the nexr monthly payment and eacl? successive month thereafier until mwtpsQee shsll noti~jl _,~uf'~r.d~%q~~~~ ;
amovnt. Such sums shatl be applied by mortgagee toward the payment of real property taxes, iin~rance prem:~xns, ~ ~~IIy~~-~
premivms. ` ~ +''~~K-: i i' "
~ IN WITNESS YHHEREOF, the said MORTGAGOR has hereunto set his hand and sesl the d~y and finl aforwid .
A?
E . SN~ed and de~ir ed ' ths P?es~nce of: ~:1;_: :;=:11£D BbTICHMAR STR TI
' ' : ~~k : L .al~. BY : . ~
~ s`:_ ' 'R: Vern . Rhine t n
. ~
. P ~.~.~T • ....t:~ 1.1L t ~s.+q
~ _ _ _ rn'~53~ G. B. Hutchinson. _Secretarv`__~.,q ~
~ ~ ~ ~
Q:55 p.r, ~gh5
320260
STATE OF FLORIDA COUNTY OF ST. LUCIE •
I HEREBY CERTIFY, That on this 3~ ~ day of ~ctobeY , A.D. 19 75,
before me personally appeared Vernon C. Rhinesmith and G• B• Hutchinson
respectively President and Secretary , of ;
Benclunark ConStruction Company, Incorparated, a Florida_ Corporatio~, to me
known to be the persons described in and who executed the foregoing instrument, apd sevP.{-al{y ac~lnowledged the exe-
~ \ y s"i.~.~r~~;. ~
3 cution thereof to be their free act and deed as such officers for the uses and p~sqseS'f~{i~tA•:~r~ned; and that they
~ = ~ .3:• ~,j ~ : {
~ affixed thereto the official seal of said corporation, and the said instrumer~~~~ the~,ed: and- .d~_of said corporation. ,1 ~
St . Luc ie ~ ~ ~ ~ _ ~:~s
Y c' ~ ~ ~
~ WITNESS my hand and official seal at Fort Pierce =saf~eOVr~ty~aCtp~. . b~~• ~ ~
~ This instrunent prepared by , - ~ . ; J'`'~
~ i~ q1
- • ' _ 1
~ Robert A. Swisher Jr. ~ .
First Federal Savings and Lo~ ,Y.~,,,;,a, ~I briic, in and. ~a~.~otinty .~foresqi{~ ~1
Association of Fozt Pierce Florida My Commission Expire'i:,, /
~ ~a f+si:t ' •>`7!
~Ilby,_...:_ G..
- ot rorr rierce
Checked By ~
80ax 2~~ PACE~~~/j/.~j)
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