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J. lo p~ace and coro~nua~sly ieep on ~Le b~: J~~.~s ~~orv o~ hareal~~r ti~w~e on s~+d land and on afl rq~iN~nent and person~lty covered by fhif mort¢
~gi, with ill plemwms th;reoe pa d~n futi, Inr i~~s~. e~xa in che ~wel starKfa~d ~;o! ty form, in a sum appro~ed bY the MORfI,.AGEE, •nd wvidstwm
infv~u+ce In Ihs ut~~~l ftandard pol.cy lorm, in ~ wm appro.rd b/ ~~e MURiGAGEE, in ivch comp~ny o~ canp~n~es ~s tM MURiGAGEE en~y
direcr and all f~ra a~~d w~nda~o.m 1niu:a~~ce poGc~as on any of ~a~d buiid~ngs, arty inre~est the~a~n or part ~Aereai, in tM ~yy~rq+~e wm da~sa~d or
in excen tkereol, ~hall conrain the usval sre:~da~d mortc~a9ee cla~se w such orhe~ da~se as ths Mo~tya~ee may req~+~~, makin~ Ihe loss u~da u~d po1F
ci~x; exh and every, payab!a ro~a~d A10RlGAGEE as ~ts imereu may appear, a~~d each and e~ery ~vch po~~cy shalt kx promptly •is qned and detivered to
•ny heW by said MURTGAGfE as tu~thrr aewriry ro»~d mortgaye debt, and, not less than ten (10) day~ in ad~ance o1 the upir~tion ol aath polity, lo da
Gv~r to sa~d MORiGAGEE e renewal ~hereof, ~ogdb~r avnh • rect~p~ fw the ~r.em~~m o( such rene«a~; snd ~hcr• ~MU bt no hre or ~r,rinduorm in~u~+nc~
pl~ced on any ol said build~gS, •ny iroerest thrre+n or ~s~l ~hersof, ~nica~ in ~he fo~m erKi wi~h th~ lo~~ peyaLle ai afor~s~id; and in tha evt~T any sum
of money becomes pa~ob:e undc: wch pol~cy or pofuaa eaid MORTGAGEE ~hall hsve ~F~e opt~on ~o rece~rr and app:y ~he same on ~ccount o( the indebted-
nefi 1CCUrld Ae~eby w ro pe~m~~ said M.ORTGAGORS to rctrwe and uae it p any pa~t thr~eot fo~ ot~~^r ~:urpnsrs, wAho~t th=rcu~ waivi:~g oi ~mpaio ;
iny any equity, lie~ w r~gh~ under w by virtua of thia mo:'gagt; and in tM event sa~d MORTGAGQRS shell tor any reasw~ fail 1o keep ~he said premises ~o i
i~iurtcl, or feil to del~ver pomptiy a~y of ~a~d pot:ues oi insurance to sa~d MURIGAGEE, or I~d promp~ly to pay fully any p~emlum thuefp w io a~y ~ 1 a
r~iped fail Ic ysrform, d~scha~ge, execu~e, ~ffect, complete, canply xi~h snd ab~de by this covenaN, a•ny part he~aol, sa~d MORTGAGEE may plate ~nd ~ s
pay iw wch insurance or •ny part thereof wrthoot waiv~ng p aifrUing any op~ion, li~n, equJy, w right under w by virtw of thit Mortpay~, ~nd 1F?t
full ~n,ovnt of each and es'try wch payment shell be iminedutely due and payable •nd sMll bear intc~NS~ from IM dah thereof until paid at tM ra~~ ol
nine per centvrn H~ev ann~m end ~o3~•thrr w~th tuch ~ntr~~-s~ shaH Lu sace;red by th~ fien of th~s mortysge.
1. To ptrmit, com.mit or suffc~ no wrste, impairment or d~•rcr~oration of taid propeny or any parl thereof.
S. To pay all and singular Ihe ccsts, charge~ end expenset, induding a reaaonab!e atromey'• fee and costa of ~b~frscts of title, incunfd or paid at
eny time by sa~d M08TGAGEE, because or in the r.e~'u of the la~lure on the pa~t of tht said MORTGAGOR to duly, promptly and }ully perfam, d~xhu9e.
a..ecufe, effed, compte~e, comply w~th a~d ab:de by each and every fhe ~ripula~ions, agrearnenrs, cond~Gon~, and coven~nts oi ~aid promiiswy note and ~his
mwt9aga any or e~ther, and sa~d coits, che~ges ans) e,epenses, each and every, sh~ll be immed~ateiy due and payab!e; whethe~ a nol there b~ notice de~
mand, attempt to collact w iu~t pend~ng; a~id the f~ll anwuro of eech and every wch paymen~ shali Exa~ interest from IM da~s thercof uNil pa+d ~t the
r~re of nine re. cen:um per am,.,:•~; anc! a1i said c~sn, charges snd expenses ~ncurred or pa~d, toyuthar w~~h tuch interest, ~MII be secured by tM lien of thi~
morigaqe.
b. lhat (a) in the eveN of a~y brcaci~ of thi~ Mortgaae or default on sM pa•t of ehe A10RTGAGOR, or ib) in the event ~ny of said ~um~ of monty
herein reEerred to ba not promp~:y and fully paid w~fh~n ~h~rty ~301 d~rs next after the same severalty beeome due and payabl~, wi~houl dem~nd d no~ite,
or ic) fo the even~ each and e.ery rhe stipu:at:ons, a9ree~r.ents, cond~tle~s and covenann of se•d promiswry Rote aod th;s mortps9e any w eilher art t?ol
~uly, p~anptly and fully perform.ed, d scharged, exewted, e~+ected, comp•.eted, compl:ed w+th and ab~ded ~y, tFxn in e~ther a any ~uch wlnt Ihe ~aid ag
~regate sum memioned in sa~d pro~nisso.y r.ote the~ ren,a~ninp unpe~d, with interest accrved, and aIt moneys secured htreby, ~hall Detome dw ~nd pay-
able forthwith, w thereafier, a~ ~he opnon uf :a~d :~10R1GAGEE, as iuity and compterely as if aH of rhe aa~d svms of maney were a~gin~lly t~~pulNed
to be pa~d on svch day, anyih:~~g in sa:d pro~n~sso~y ncte or in this Morigage to the co~trary notwi~hstand~ng; s~d tl+ereupon o~ therea(ter at the op~~oo of
ia~d MOkTGAGEE, w~~huv~ na~.e or dernand, svit at I~w w in equ~ty, thereEore w 1her~safter begun, may be proaecutcd es il all money~ setured hereby
na~ maWred pr~w to ~U insl~tution.
7. The~ in the event thar et the beginn~ng oi or at any time pend~ng any su;t upon this N4ortgage, or to foreclose it, or to reform il, or to enfap
payment of any claims he.eunder, said MURiGAGfE sha:l ap~yly tb the Ccurt ha~mg ~u~~sd<<~~or thereof for the appomimeM of • Receive~, such Courf sha~l
forthwith •ppomt a recri.er of aa~d mortgayed property all and ainfl~lar, includ:ng stl and sing~lar the income, prof~ts, is~ves ~nd revenues frQm whatever
source drrived. each and r~ery of wf~:ch, 1t being expressly underuood, is herrby ~*:ortgeged as if spec~ircally sr1 ior~h and described in ~he yr~ntinp and
h~btndum cla„ses hereof, and s~ch Recsiver shall haye alt the broad ar.d effectioe fu~ct,ons and po~~er• in anywise emrusted by ~ Court to • Receiver, and
s~ch appointment shau be made by such Ceurt as an adm;tred eQ~~sy and a matter of sbso<<,te reght to said MORTGAGEE, and wis?wut referenct to tM
edryuacy or inadeyuacl o! the vaiue of the properry morrq.,~ed or to ihe so~vency or insoivency of sa~d MORfGAGOR or the defenda~ts, and ~hat such
rents, profits, incane, issues and ~evenues sha~l be applied oy such Receiver accordiny to the lien or equity u! asid A10RTGAGEE end the practite of such
Court.
8. To duty, F~omptiy and fuily periorm, d~sci.arge, exctute, eff~~t, complete, tornply w~th and abide by each and every the ~tipulations, agreemenis,
~onditans and covenants ln sa~d promissory ncte and ~~~s mcrtgage se~ forth.
9. That in the event the cwnersh~p of the mortgaged prcrr.:ses, or any part tnereof, betomes vested in e person othet than the MORTGAGOR, tM
~?ORiGA3EE, its successon sr.d aas~gr.s, may, w+~houi r.o~~ce to the MORIGACR, deat w~ih such successor or successa in inttrest wilh reference to this
mortgage and the debt hereby secu~ed in the same manr,cr as with Mo~tgago. w~thout in any way vitieting or d~scharginp fhe Mortp~gors' liability httt
~nder or upon the debt hereby secu~ed. No sale cf the prern~ses hereby rnor~yaged and no torbearance on tM part of the MORlGAGEE or its succesfps
or ass~gns ar.d no extension of the time for the p+yment of the debt herebq seo~red given by the MORTGAGEf c+~ its sutcessor~ or essiqns, shall Operat~
~o reiease, dscharge, modiFy chai~ge or aff~ct the orw3~nai Iiau:l:ry of the MURiGAGOR htfeia, eitlxr in whole or io p~r1.
10. It is speuf~caily agreed thst time is of tF~e esserce of rh;s contract and that no waiver of any obliga~~on hereunder or of fM oblip~Yan st' -
c~red hereby aha11 at ar.y tim,e rhe~eefier be ne:d ~o be a wa:ver of the terms hereof or of the instrument secured herby.
I1. In ac3d.fion tc ~hc forego n3 ~~on!h'y paymcnts of prc:c pat and ~nterest requ~~ed by the p~om:iwry no!e set~r~ hereby,,~ii~t~g~~~yenan~l.S
a~,d agrees to aay to mortgagee w~fh e;ch m~mh~y ~.a~: .ent an jdd:r~onal sum es~~=~~ated by mortgagee to be eq~al to 1; 12 of tFx annuaj t'bst of ~1~ fqllow-
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A--AfI real propa~t~ taxez lev~c~ o- assest~-~i c3i~• st rh: aoo~.e desccib~d reat es:ate. - C ~ 4) O• ~
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B-Pren':~~rns on Lre and v:~~.dato~m ~m~~rarce 35 herc~n roq~,red to be car:~Ed on the .rnrrovrments a~tuate on the abore destilbeZprem~l. ~
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~ C-Prr,r.~un:s on s~ch rt:ortgage yvaranF~ ir.su~a~._e as rr~o:tgeyee sheil f/U!e: l~mE to tune deem fif, to tart~ o~ the ba~f~seCUIlq F~eby.~ Y.•
` Mortgagee sha~l irem Y~~ne to t~me noe~fy morrgagor tn w.~nr.g of the a~-:uwt d~e and payabte hereunder ~ncS sxh wm. thaU t~er~ be d~ aAd
i c..+yab±e on the due date of rhe nexr morrth;y payrt tm and each wccessive momh !hereafter uctil mo~tgagee shall ~,t~fy moiigagqr~'of i~nge iRluch `
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~ n--ount. S~ch s~ms s~ali t;e api.:~ed i:~ ~nnrtya~~~c row.•~d ~ne pa~~rev o~ rea! prope~ty texes. insura~xe p~cm.~ms, a~sd A~Qttya¢q ,~lyr tfl~?•Ifl~urantq~~
~ p'emi~ms. ~ e
~ IN WITfJESS Y+'H:REOF, the sa,d tAv2~~."-.G^.°. hes hereunto set his. hnnd and sea: ihe day and eer first a`oresa~d. '
~ Signed, Sealed and d_Sivered in the p~eserce of: F '~~V~~Ep ~R M. AMING, ~
~ l r. gjiu ~ ;~~nt ~s :n
, : t < y_- ' . 0
3 a' -..'t %~'Jp~ ~ Y: P m. Ler~in es ent
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~ ~`~~'l- ~~sr_.~~'' a
44 1~~~b ATTES7: Brenda E. I.eaming, retar}! -
~ SiAT ~OF FLORIDA Mar ~j I d5 VYeZ
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~ STATE OF FLORIDA COUNTY OF ST. LUCIE 3~~V~~
u'~; `T
~ I HEREBY CERTIFY, That on this __~~~_day of-_._.__- MaY _ , A.D. 19~_,
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~ before me personally appeared P~gr M I-edmin9 and Brenda E_ Leamin¢,___~-_
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~ respectively President and Secretary - T=Qasurer ~~;'•ot,, ,
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~ PETER M. LEAMING, INC. a-___- __Florida----- C~rporatiqn,.tnme,'. ~
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~ known to be the persons described ~n and who executed the foregoing instrument, and severally acknowledge~t~ip~e~~.~
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~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentione~; ah~J ttSa~''1hey . ~
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affixed thereto the official seal of said corporation, and the said instrument is the act and deed of. sai~ corporafion. ~ `
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WITNESS my ha~d and official seal at Fort Pierce Floridd said county and state.
This instrument prepared by
~ar F. Ellwooc~ ~ ~'~.t tL _
~ First Federal Savin s and Loan ' 'y-~~~~
~ 9 Notary P lic, in and for St te and County aforesaid.
~ ~ssociation of Fort Pierce M Commission Ex ~res:
Y P~ b'- 77
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~ Checked @Y ;
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~ r_' 25? FA~ 369