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MORTGAGE~:
MORT~iAOE OEED 3 avco Flr.pn~i^1 :~z^r+~ss o~'
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l hat Ilor~ot herebY `rants. barpins. auisns. and conv~ys unto Mortpgee. the followir~ drscribed ~eal eatate in the County of
~int Lucie , s~.u of Flonda. to wit:
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Lot 1°B of Shere~ton Pla ;a, U:~it Three Replat,
accordir~; to the plut thereof as reco~o~ in
F1At 9oek 16~ paoe 1z of bhe Public ~~ecor3s of
St Uacfe Co~u:t~, Floridc~.
~b~ect +o r~s+.-ictions~ ~az-vatfons~ And -
e~ sQ:^enta of record; z~~. Y; a.:~ o+.her r~~ul.a±o:^~ ~ p, j~~~~~ .
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i)OC $P.'~~5 ~tt~ AFFIXED TO ORIGIii:1L Pi~I~LISSOKY ht~E.
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c.~gether with aU bui{dinFs and improvrments now or herra(tet erccted thercon and all scrxns, shades, storm sash and blinds, and heatina, Ughtina, plumbina,
gas, elecuic. rentilati~, refriaenting and air~onditioninE a~uipment used in connectan therewith, all of which, [or t~ie purpose o[ this mortaase, shaU be ~
deemed fixturcs and wbjecl to the lien heceof, and the haeditaments and appurtenances pertainie~ to.the property above desrn~bed, all o[ which is referred to
I hrrcinafter u the "premise~'
! TO HAVE AND 7'O t10LU said larxf •rnd premisrs. w•ith all the rights, pmileltes and appurtenances thercto belonging, unto mortgsaee and his heiis, executon,
! edministrators, sucoesson and assi~gns. forever.
~ lfortga6or also assqtns to MortEa~e aU rcnts. issucs and profits oi said prem~ses, rese~vinE the right to colkct and use the same, v~ith ot withouC takin6
p~~.seuion of the premises, durin6 continuan~z of default hereunder, and during continuance of wch default authorizi~ Mort6agee to enter upon said pamises
arxi,'or colkct and enforce th~ same without regard to adequx~Y of any se~vrity for the indebtedness hereby secured by any lawful means includitg
s~poiotmeat of a receivet in the name of any puty hereto. and to apply the same kss costs ud expenses of opention and colkction. includina reuonabk
attorney's fees, upon any indcbtedness serured hereby. in wch order u Mortbagee may determine.
F 0R THE PURPOSE OF SECURING: (1) Perfotmana ot each asroement of Mort~or oontained' herein: (2) Payment of the principal wm oC
S z~QQ•~- ~with inter~ay as~
ovJed in accordance witT? the terms and os o( a Promissory Nou/Lwn Agoement (txreinafter ~eferred to u
"Promissory Note'7 dat~d ~L~! r7 . ma~uri~Y d~te ~~7~~~ . and WYabk to the order of Mort~a.
tu which PromiswrY Note iekieocs is hereby made; (3) Payment of my additional advwces. not ia a principa! sum in exoess of S~00~~ wiW
intercst theeeon. as may hereafber be loaned by Mortaa~ee or the then hoWer of his ![ort~e to Yort~or, eacb and every adrana to be evidenced by the
Prumissory Note ot Mort~or in the amount of lde adranae: (4) Tfie payment of aay money Wat may be sdvanoed by the Mortaa~ee to Mortaa6or tor any
rrason or to third Parties w6ete the amou~ts are adranced to pmuct the aceurity or in aocordana w~ith the covenants of this Mortpse.
:~u paymenb made by MoriP6or on the obliption ~ecu~ed by Wis Mort~e shatl be app1red in the tollowins order:
FIRST: To the ps~rment ot tues wd an~nents Wat may be kried and assesxd -aaainst said premises. inwraace premiums. cepain, and all other characs
and expemes asroed W be patl by the Morts,~or. • `
SE;COND: To tLe paymeat ot iatere+t due on said loan. • •
THI RD: To the payment o( ptincipal. '
t0 PRnTECT THE -SECISRITY HEREOF, MORTGAGOR COVENANT5 ANU AGREES: (I)Zo keep said prcmises inwrcd a6ainst firc and su~fi other
~:~sualties u the Mortga6oe maY spa.'JY. up to lhe full value of all improrements for ihe protection~of lNort6agee in such manner. in wch amounts. ~nd in wch
~ompanies u Mott6a~ee may from tune to time approve. and W keep the po6cies therefor, properly ertdorsrA, on deposit with Moriga~ee. and that bss
pru~ceds' (kss expenses of coliecti~a) shall, at MortaaEee's option, be applied ae said indebtedness, whether due a not or to the restoratan of sud
improvements. In errnt af bss Mortaa6or MriU ~nre immed'utr ootia by mail to the 1?fortgagee who may make proot of bss i( not made prompUy by
ttort~or, and eac6 inwranoe rnmpany con~xmed is hereby authorized and Jirected to make payment for wrh losa dircctly lo ~lortaagee inatrad of
Nortga6ot. (2) To pay all taza and special suessments of any kind that have been nr msy be kviod or assessed upon said premises, or any put thcreof. 13) In
th: event of de[ault by Mo~t~or under Pat~nphs I or 2 sbore. Mort~ee, at it~ option Iwhether ekctin6 to declare the whok indebtedness secured hercby
~ue and colkctible ~or not), may .(a) effect the inwnnce above prorided for and pay iht reasonabk ptemiums and chuaes therefor, (b) pay all said taxes and
.,ti~_ssments wdthout determinina the validity thereof, and (c) pay wch liens and a0 such disburxments shall be deem~d a pari of the indebtrdness secured by
chis Mort~e and sball be immedrata~Y due and payabk by Mortg~aaor to No~taa6tt. (4) To keep tM buildinas and other improrcmcnts now or hereafter
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rrerted in 6ood condition and repair, not to comm~t ot wffer any w~aste or any ux of said.prrrnises contnry to restriction or tecord ot rontnry to law~s,
ordinanea or te~nlatiom o! p~oper public aut6ority. and W permit Mort~aEee to enier at aU reasonabk times for the purpose ot inspectin6 the premues. not
io remore oc demolish any buildins theeeon- to compku withis One Hrndrcd E~bty (180) Days w rtstore Qromptly and in a Eood and workmanlilce mannet
any buildin` ~rhich may be oonstructod. dartu~ed or destto7ed th~tsoo aad to Pay, w~l~e~ dne. all r3aim' tor hbor perfornxd and material furnisbed thcrefor.
i 5 i Thit the time of payment of the indebtedneu heabp savnd, or d any port+en tfiered, nn~ be extendeA or renewrM r~nd any portions of the premises
h~rein dacribed rtuy. wittwat ratics. be rekased from the lien F~eteof, witlwut trkasm6 or afkctir~ the penonal lubi6ty of any person or corporation fot the ~
payment of s~d indebtedness oc the lien ot this initrument upoa the remainder o[ said premises for the fuU amwnt of said mdebtedness then rema~nir~
unQaid. and no chanEe in the ow~nenhip of said premi~es shaU ale~e. [educe ot otherwise aRect any wch penonal liability on the lien hereby created. (6)
That he is seized ot the prem~ses in fee s~mpk and has ~ood snd lawful ri6ht to ronvey the same; and that he does hercby fore.er wunnt and wjlf forcrer 4
defcnd the titk andI ioq, t yeof~stn st t ~{y 1~~ s ~py and p~~uns wlul~ver '
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