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To pl+a ~nd contMwo~siy kaap o~ tM b~ildirqs now a lwr~affN ~iwaN on ssid land and on ~II ~quipm~nf ~nd pKSOn~lly cowr~d bY thi~ ~na~p~ i
p~, with ~Q pr~e+~lumt tMr~on paid in fu1L fir~ inw~u+n in ~M uswi s~udard poiicy lonn, M a sum ~pprowd py th~ MORiGAGEE. ~nd wie~d~tw~n
kaur~t in tlr ww) ~tMd~rd policy iwm, in ~ w~ ~pprowd by th~ MOR1f3ACiEt. in wch caep~ny or can?pini~s a IIw MORTGAGEE may
d~~ctt ~nd ~II itn a+d w~ann &aur~ policta on ~ny OI NId bYil~t, My If1hh~1 M1MfM1 Of pMt tI1N~Of, b th~ ppreQaa wm ~faesaid a
h~ ~xaa tlw~~o1. thall coeate N+~ vwai aandard mor~y+pM d~vN a~ wch wM~ clwN a ~M Matp+~ ~?+Y nqu'u~, matinp rM ba wid~. saw! pd~ .
cNa. ~ach ~nd wMy. MYabl~ b aid MORTGAGEE a in inNrr~f ena~r ~PP~ar. and each ar~d wsry tvd~ polky slail b~ W~+PHY asqned ~nd dNiwred W ~
anr hdd by ~ab MpRtGAGEE a hx~h.. ~ecwNy a saW mor+pag. d.M. and, eot Ma~ tMn hn l1~ day~ in ~dv~nu of tl» ~npiraNon o{ ~ach po~klr. ~o dr ~
,~hrv ro aid NWRiGAGEE ~ ~~xwal tMrwf. ap~tMr wi~h ~ rsaipt fa tM p~mtum ot wd~ ~vewwalj a~d tha~ shall b~ ao Ii1~ O~ WIf~l1Wf11 iesuraou
pt~pd en any oi aid bulldin~i, any int~?~st tMr~in a put therwf, unl~s~ in Ih~ form ~od with tM las p+Yabb as ~fo~~aidj snd in tM ~Y~nt ~ey iue?
oI nwrNy bca~rs payabh w+der wch polky or poliws ad 1NORTGAGEE sh+B I+~w th~ optia+ a~~aiw and apply tM s+m~ on ~coow~t o1 th~ l+ideb~ed~
ewss wcw~d ha~by a a pKmit Nid MORTGAGORS w na~w aod vs~ h a~ay pui Maw1 fw other purposet, without lhaeb~ waiving o? unpain
1rp pvitY. li~n or ~iph~ w+da w by vtrn~ of thi~ nwrt9+pq u~d in tM ~ven~ aid MORiGAGORS ~A+11 fa ~y nawn 1d1 to kesp tM wW prMnises w
~nsured, a f~f) to d~UvM prpnptly any of aid politi~s of iiqu~ana b aid MORTGAGEE, or f~il promp~ly to paY fully any pr~miun+ thtnfa a in. any
risp~ct fNl b p~rtomr~, dtuM~p~. ~x~cut~, ~ffscL compl~t~, comply with and abid~ by tha aov~n~+t. a~ny part htr~of, s~id MORTGAGEE may plaa ~~+d
p+y ta wd~ trwuww~ a anY pan rhawf withow wshriig w~ff~ainp Nry? cWiw~, ~i~~, pv+b, a ripM u~ or by v~nw of tM~ 1Noirpap~ ~nd th~
-.,pfull arnoum of Nch and wKy wch prym~nt thap b~ immediaNly dw and qyiW~ and ahsll bNr MtKest from tM da» thK~of until paid ~t tF» ~aq ol
.nin~ p~r antwn pK anwm a~d ~ope~Mr wi~h such int~rest tF;RU b~~cur~d by the li~n of dst mortpapw
I. To pKmN. ooamst or wfia no wa». knpakmer?t w d~tKiwation ol wid propMy a any paA tMrwf.
S. To pay ~0 ~nd sLpul~-sb?s.ost~. chupea +nd ~xp~s~, inchdinp a nasonabl~ ~t~onry's fN md aosa of absMact~ of titb. Incvr.~d w p+id a~
~ny t&n~ by wid MORtGAGfE. b.c.vs. a in ths ~w~» oi iM f,11vr• on H+• p.N of ~M a.id MORTGAGOR a d,1y. promptly and fi?IN p~rform, d'ach+~,
•xccvt~. .ff~d. ooinpl~N, complY with and abide by exh aw! w~y the stip~fae~aa, ~reemae». aond'nio~a and a~wn+nn of wid pramiswry noN ud thi~
mortpap~ any a~i~M~. ~nd said costs. cM?qes ~nd ~xpens~~, each and ewry. ahall+ b~ inu+ndia~ely dw ~r+d pay~bl~j whetMr a not ther~ b~e noriu ds~
manai. .i;«.~.t i~ e:»::d :.r «::s F::...~..:.; ~ t!x ~i~~ +~wunt of ~ad~ aad wM? wch o+Ymem. shall bw inte~~at f~an tM dat~ th~~wf w~til p~id at the
rate of nin~ per oe~tum pK ~mwm; and aQ HW cwts, chupes ud expaws incvrr~d or p~id, to~tfwr with wci~ +ne~r~s~, si~+if I+r i.~.rr~i! by tlse l:en ef t!e?e
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6~ 7Ast M tl» w«d of u+y bre~ch of this Mortga~ or default on ttr paA of th~ MORTGAGOR. a(b) in th~ ~wnt ~ny of s+td w~+s of mon~y .
herein nfKnd to b~ not-promptly u~d fully p~W within thirty (30) days nex~ afte~ tM sarn~ aver+Ify beca?K dw ~~d p+yaW~. withow d~m~nd or notice.
or W 4r tM ewnt eacA and every t!r stipvlations, sp~senienn. conditiora and cove~na of sstd promissory no~~ snd th~s morfyaps ~ny or ~ithK ar~ no1
i~1y. P~~P~M and fut~y pNfo~emd. diuM?yed, e:ecut~d, d(~cted, comp{rted. comP~i~d with and stided bY. then in eitMr a any wd~ want tM s~id ag
p~pat~ sw++ mN+tior»d in s~id promhsory not~ tMn r~mainir?p unpaid. with inters~t ~cuwd. ~nd ap morKys pcured Mreby, sMll b~oa+» du~ ~nd p~y- '
~b1~ forthwifhi, u thereaiter, at the op~ion of s~~d MORTGAGEE. u futly a~d compt~tely as if all of the said wms of ma»y wen agi~aqy s~ipula~ed
ro be paid on ~uch day. any~hinp in said prom'aswy ~wte a k? this Mwq~ys to tM tomruy notwithsbedlrp; and therevpa~ a ther~afler at ti» option of
s~id NWRTGAGEE, wirhout notice o~ d~marw~ suit at law a in puity, therefor~ a tMreafter be~wy may b~ prosecuted a if all mo~e~n sseund hareby
h~d rMtVted p?qt lo ib ir~titution. . .
7. That in th~ we+~t that at tM beginninp of or ~1 ~ny tim~ pendinp sny wit ~pon thu Mwtya9e. a to fo?eclw~ it, a b nfonn it, a!o ~niorq
paym~nt of any d~&m he?evnde~, said MORTGAGFE sh+H apply ro the Cot?rt Mvi~q jwiadittan Ihtreof ~w th~ appointment of a Retavar, such Court sh~ll
fwthwith apEwiot i reteiver of said mat~aged prop~rty atl ~nd su+p~l~r, includ~e~y all and singulsr ~M incom~, profits, issu~s u+d ~wenues fran wMtewr
wwoe dairad. fad~ Md every of wliicA, it beinp ~xpressly undastaod, is hereby mo.tp+9ed ai if spec;fiuly set fort6 and d~wib~d in tM prantinp and
habend~xn daua~s l~eseof, ~nd such Receiver ihalt I»ve dl the lxo~d and effective f~nct~ snd powe~s in anyw+s~ entrusted by ~ Cowt to ~ Reoeivsr. and
wch appointment ~hall be made by such Court u an admitted eqvity and ~ rn~ner of sbsa'vt~-right to_ s~id MORtGAGfE, and witFa~A hf~rmw to th~
adeqvsty or in~d~quacy of tM valve oF the property mortQaQed a to the sowency or insolvenqr of uid N10RTGIlGOR oi- tM def~nda~rt,_ ~nd that such
rems, profits, incoms, iswes and r~veoues shall b~ applied by wd~ Receiver ~ccord~np to tha tien « pvit~r of said MORTGAGEE and tM practia of sucA -
Co~A.
8. To dvly. promptly ~~d ivlly perform, dischaqe, execute. effect. complete tomply with ud sbid~ by e~cl+ snd ~y 11» stipulat~om„ ~greements.
condirioas ~nd covenanrs in sa~d promissory note and this mortgage set forth.
9. That in the evem the ownership of the mortgayed prem~ses, a ~ny paN thereof, becomes vested ia a person oths~ th~n tM MORTGAGOt~ th~ p
MORTGAGEE, i» waesson a~d ~uigm, may. without notice eo rhe MORIGAQR, dea! with such wuesso? ot wctessor in ioterdf with referent~ fo this ;
matpap~ and the deW he?eby ~sec~red i~ the same mamei, ~s with Mwtpapo? without a~y .way vHiatinp a disch~ryinp the Ma~9ayors' lisbility her?
under a upa~ the deht hertb~/ alcwed. No fsl~ d tfie premisds heieby morty~ped aed no fwbear~nce on the part of the AAORTGAGEE w i» suaessars
ar auigns and no exrension of.thc timt fa tl~e~P+Ymq+~ ~of the drbt hae~n secv~ed y'~wn !ry tha MORTGAGfE ~ its wccesson a assipns, sh~lt operaq
ro releaae. d~schup~, modify ~ng~ pr ~ffet,t the oriyinat~ liability of ~I+~ AhORTGAGOR heteH?, eitMr,in wlak a M p~n.
10. M b spec~fic~lly ~graed tMt time is of the , pssencq of thia contract. antj that no waivar. of ~ay obli9~taa Jw~eundcr or of the oblipation se-
cvred hertby ahalt at any tlm~ thtneih~ be I~eld to~ be ~'waiver of 1M tenria heieof w of tfie inshwfient seui?ed (+Yfby.
11. In eddrtio~ to Hsb ~forego:ng montbty paYmentt of princ:psl "and inteiest 'reqviied by the aan~uoty note ~secwed hereby, s,"~ ts
and sgrees to pay to mort9sgee with esth monthN payma?t ~n add~iwu{ sUws estimaled by moHg+y~~ to be aqual to"1,~12 of the annua~~
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A-AU reat property taxes kwied or aasesscd agaiast the above dexriyed real estate.
B-Prrmivms on fire and windatorm insurar.ce as here~n requ~ed to be urried on the improvemerb titwte on the above destDi ~
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C-Premiu„s on siich mo'~tgage~ gwranty insurance ~s mortgagee shall from t~me to time deem fit to urry on ths ioan tecw~lS~eb - 3
NlortysgeE shaN from tfA~e'M tirtie Aotify rnwt9agor ih w?iNng of the arwoont doe' and payable he?eb~`der and "slKb wm sAall F+tr{!r i
~or~
payaWe on the duq date of ~1a nsst monrhty paymc~+t snd.eacfi woassive mo4th thtre~~ta until'mortpa~pa~ shsM:rotify ~
amount. Such wms shell be applied by mortgagee toward the payment oi reat property laxes, inwrance prem:ums, ~nd nwHi!~;~~uaf±~tp
premiums. ~ ~ • t.?t•••• . .
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IN WIIMESS YlHEREOF, thk~said MORTGAGOR Ms hereunto set his hand ~nd seal the day snd year fint ~foresaid. t_ '
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Signed, S.atad .nd dellvered bn the p.es..~ce of: BS BUIT.D • VN+•!~tN+~~~~
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STATE OF FLORIDA COUNTY OF ST. LUCIE ~
I HEREBY CERTIFY, That on this - day of J~~ry , A. D. 19 ~ ,
before me personally appeared Rpsnie 'iha~e: a~ Ale~ndris ?ha~es
respectively President and. Secretary - ==~~rer ,
?hafes He~flders~ Inc. ~ a FloYids ~paation, to me
known to be tfie persons deuribed in and who executed the foregoing instrument and severally aclcnowledged the exe-
wtion thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed .thereto the official seal of said oorporation, and the said instrume~t is the act and deed of said corporation.
WiTNESS my hand and official seal at Fort Pierce , said county and s te.
?his instrnwent prapased by
J. Hal Rob~zts, Jr. • ~
Ri rst Redezal Savings and Loan Notary Public, in and or ate and County aforesaid. •
AssoCistiost of Fost Pi~=C~ My Commiuion Expires: No1a~ ~'4 ~1o1e of Fbrida °:<<°`s•
~ Cew~i~iM E~cpins t!'d~~~.~, • `
E ~`79~ - ,e„d,d bp Ao.i~n r~+i:.1 ,,~.~x~ •
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