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To plaa ~nd co~tMN+ouaN ~P on tl+~ butldMp~ ~ww a MnahK ~iw~f~ or said la~d and on all equspn»nt u~d pwton~liy aov~r~d by th4 a+atp~ .ti.
p~„ wfll~ d) pr~niueM tlw~on p~id in 1v1~, tih k~wann in IM ~wat ~t~nd~rd polity foren, • wm approv~d by tM MORtGAGEE, and vr~nd~tam
Gawwia tn tM ww~ aandard policy form. M a wa~ app.owd by iiN MORTGAGEE. In wch companY w compaoia a tM MORTGAGEE nNy
dk~a~ ~+d all fier ~nd wind~rorm -Mawano~ policiN on +ny of s.id build~npb arry inN.a~ ~hs.~1n o~ p~r~ rh.rwf, in Nw ~pprp~b ww? ~fa.ssid a
In ~KqM t~Nt~~ OOM~{fl tIN Y~W1 NindMf~ ~I~Wt9pi~ t~M1~ 01 ftKh W~Mf t~YN N I~N AAWIQ~QM flMy tpuif~. 1M~f1~ MN (ON W1f~M N1d p01~ .'F
da. .,d~ ,nd w..r. WY~bM q NW MORTGAGEE « n. ruK.a ~.Pp.a.. «+a ..ch «+d .w~r w~+ va~? sn.u b. a«~wtH +s.:v~+.d .~a d.~~wnd a ~
N+y MW by aid AAORTG/1GEE q Iwlhw Nqxihr to a~W e+orq~ d~bt. and. not las Iiwn Nn (10) days in ~d+ru+a af rM txpkation o! ~ach polity. M dr '
liwr q u1d MORTGACafE a r~w~l tMnoi. top~~hu with • nu~pt ia tM p~miwn of svch ~M?swsl~ ~nd ~Mn ahall b~ oo fin a wiods~am in~wa+N j
. pl~ad on a~ryr of aid buildinp~. aMr intKKt tFw~in a pw tMrwf. wil~u in ~M form and with iM {ou paY~bl~ a~fo~~wW; and in tiw ~vMt ~ny swn t
of nqn~y b~oon~~ pay+bl~ w~ wch policy or potida s~W A10RTGACiEF ~hal1 haw tM option ro nuiw ud ~pply ~M u~ on icaovm of tM k~d~bt~d ;
rnss MaM~d IMr~r a b pNmit pW MORTGAGORS fo nqiv~ M+d vN tt Or ~ny pu1 rAereof ia olher purposes, wi11au1 IF~ereb/ w~iving a~mpair. '
t^o +~Y ~quiM. li~n or ~ipM wd~ or by virlw d 11+i~ nqrtppy and In tiN ~wnt ~aid MORTGAGORS ~hatl fa any r~awn fail b k~ep th~ said pnmi~N W-- -
In~w~d, or faN b dtlivK proMptlr sny of said polici~s d i~x~na to s~id MORTGAGEE, cs (+il promptly M p~y fully any pr~mium tF?H~fa a in ~ny ~
r~spM fatl b qrfan~, diuhup~. ~x~cw~. ~ff~ct. oompl~q. ~omplr wf~h and ~bid~ by this cownant, a+ny part i+Kwf. said MORTGAGfE may plaoe a~d '
paY ~ w+d+ wwanc~ et +nY P+~f tMna~f without wahrinp a aftMFno any opti~, li~n, pvity, a ripAt ~nde~ a by virtw oI thia Nbr~~ap~, ~ed the Z
~,~i «~a,~ oi ..d~ a~d .w.y wd+ P.y~»m sh.u b. ~any dw «,a P.r,w. «+d .h.n ~?~«a~ f.om ~h. d.n ~i+.t.ot umil paid ~t tM raa ol - (
nk~e qr nnlum qr w+um and toy~lMr with wd~ int~re~t. shaU b~ acwed by fM IiM of tiJf morty~4~'• )
4. To pKnat. oosrnM or wff~? no wasN. YnWUme~t or d~M~ioration of aaid propaty o? any part 1Mraof. ~ ~
S. To pry ~11 arwl stnpvlar tM oo~a. dwpa and ~xp~rwN„ h~dudinp . r.a+on~bM attan~y'~ fN .nd aoan of ab.n.e+a ot ritl~. incwnd or p~td d t
any tYn~ by wid MORT~iIWEE. O~caua~ a in 1M tv~t of tM (aihx~ on th~ p~rt of tFr 'sald MORTG/?GOR ro duly. ww„wM .~d fu~h ~.f«m. d~c++..o.~ ,
•xecuN, ~ifw. oompkM~ ~on~111 with and ~bid~ by ~ad~ and w~.y th~ :ripul+t~«w +w+«aseta. eonditiorw and oownann of s«d promis~wy non u~d rhis
^~ortp+p~ ~^Y a ~itha. ~nd ~aid aoats, ch~ry~s and eapeo~e~, ~ach and ~wry. ahall b~ imm~diat~ly dw and payabl~: wF~NFwr w i+a rhen b~ noric~ d?
n+.nd, atNmpt to aolbct a wH p~ndinpr ~d rM full a~r~oum of ~ach and way s~d~ paym~nt ~tl bN. i~r~r.sf from ~h~ dat~ ~ha~oF until p~W at the 4
rate of nint ps~ pntum per ar~ ~nd ~U saW eosh„ cMrpp and expares. incwr~d a paid. topetF?N with such lrou~st, ~Mll b~ s~w•~d by t!w IiM of tha
'^we0a~,} - .
6. t1w1 W in m. wau of aMr br.«h of fhl. Mo.tpao. w d.fa~At on ~h. p..t of the MoarcnGOR, «(b) in rh. .w~t «~y ot s~id wms of „wney !
her~in nf~nd b M nof"planptly and firlly p~~d within Mirty (30) days nex~ afte~ ~he samt ~ewralty becan~ due and payabb. withovt dsew~d o? notiu.
a(d In 1M ew~t ~ach and rwry tl» stipulatiww ~9~~nta. conditio~s a~d oowrwnta of aid promissory oote u~d tlw mo~lp~p~ any a~itlw~ u~ no1
iub. P~P~M aed ivfy pNfor~rd, d'atfw~d, ~xewnd~. ~fhcted. compiehd, compl+ed wi~h and abid~d by, tha+ in ~i~hK a any wch w~m tM wid a¢
prp~t~ twn n~entia?~d (n saW prar~is~ory noN tlw~ nm~ir?inp unp+id, with inta~st ~can+ad. ~nd ~tl mon~ys s~axd iwnby, ~Fwll bsoonr dw arw! WY~
~bk fwlMvilh, a tFwwfia, ~t tM optioo of said MORTW?GEE, aa tully ud compl~~efy ~s ii att oi tl+e said wms of money vw~~ aip;n~ly aip~lat~d
ro be paid on wch d~y. anytNnp in ssid pranissory no» a in thh Ma~pay~ fo tM conuary rwtwi~hstand;np; ~nd ~Fwrwpoe or ths~~aha a~ tM op+ioe of
uid MOitTGAGEE. without notia o? d~rn~~d, wN at law or in puity, therefwe a thereafter beqw~. m~y b~ proiecuted ~s if ~11 nwneys s~cwd Iweby -
had eMfYrld pr'wr 10 in iMtitvfion. . _
7. Tlwt in th~ evant that at tM b~Q&u~kg d a at sny tim~ p~d'ug ~ny wit upon thts Mong~ge, or to faeclw~ M, ot to rtform it. w to-~wfora
paynwnt of any d+ims MrwndK. said MORTGAGEE shd! apply to th~ CouH Mvirg jwisdicYwn thereof for th~ appoinlment of ~ R_weve~. such Cowt shaft
fwthwi~h ~ppoim ~ no~iv~ of siid matQg~d prop~rry ~tt and sitpubr, includrng aN a~d sirpular rhs incor,~ profin, issws a+d rt~re~ws han wMt~vs~
wura d~riwd wch aod wery of vrhidti it b~inp sxprsssly w~ds~~tood, ia Mereby moiryayed a~ if ap~cifiully s~t torth and deacrib~d io th~ ~.aroiey snd
h+be*~dwn clauws hsr~of. and such Reo~ivK ahaU Mw dl the lxwd and effective t~nct`ons and powers io ~nywise ~ntruated by a Covrt fo ~ Receiva, a»d
such ~ppointm~nt t1y1! bs mxle by wch Cwnt p~n dmitted equiry and ~ m+nK of absotuts righl ro s~id MORTGACaEE, and withoW referN+c~ 1o th~
adequacy at Mwd~qu~c~r of IM valw of tlr propsr~y mortyi~peti or to tM whroncy w insolve~cy oi sa7d MORiGAGOR a th~ deterKlants, and th~t wch
re~n, Pw~p, lnoome, iswa antl nvenwa sMll b~ apptid by wd~ R~cstver aaordup to ttw lien a puiry of aW MORTt~AGEE ~nd th~ pwetia of such
Cowt.
a. To dull?. P~o~fh? aed fupY Pvfo?nn. d~d»rp~. ~x~cut~. ~ffact, comPkte. oomP~Y wi~h ~nd abid~ by exh and ~very tM stipubtiom. +Dnem~nu.
cond'dio~s ~nd oo+raMnts in said prompso~y ratt and tha mortqsp~ set forth.
9. ih~t in tM evem ths ovvnenhip of tha nwrlp+pe~ Prert+'na, a anY D+rt tbe~eof, becomes vested in • penon othK fhan the MORTGAGOR, tln
MORTGAGEE, its wassson and auiyns, may, vvitlqi» ~o~ict to the MORTGAOR, deal wi~h wc6 waeuw or successor in interei~ with r~fe?~ to this •
mon~ ~nd t!n dsW he+eb~r secund in the sam~ ma~ner ~s with Matpspw withovt in sny way vitwtinp or d~scharQinp the Mortpagors' liability h~n~
und~r a upon tM debt Ikr~by a~tured. No aM. of th~ premiws hereby +nwtQ~ped +~d no fwbearance on the p~n of the AhORTGAGEE or in wooesson
w usi~r aed no extsnsion.pt th~ tiaM fa th~ p~yment of tM d~M herebr sew~ed piven by tM MORTGAGEE w its sucasson w assipns, aMll oper~te
to r~, d'adwr~, modifY du^~ or +ff~tf th~ aipir+al liability of ths MORiGAGOR ha*ein, eitM. in whofe w in pvt.
i0. 11 ts apeciflcally aQn~d thal tirn~ ~ of the es~enc~ o( tAis conrrsct a~d tMt no wsiwr o# arry obliyation hersunder o? of tM obliyation sr
cur~d lNr~br .aMU at ~ny tim~ tMnafiw b~ MW 1o b~ a waiwr of the tenns Mteof ar of th~ Irotrumer?t s~ared herby. -
11. In +dd~ran to tl+. fa.g~o9 ~++~+~r Wr~+n of prw~c'psl aed imeres~ requKed bp the pranCssory nWe aecwed hereby, mats~yor cownants
a~ ~pre~s ro pay eo nnrr~ye~ with ~ach ~r~o~+thly psYrnMt ~n a~d~ion~l swn estien~ted by monpapee a be equst to 1/12 of the an~w~l cost of the folbw-
ir?q:
A-All roal property fax~s Isvi~d a ass~ssed apairut the sbove desnibed re+l estate.
B-Premiums on fin and windstwm anwance as herein reqv'aed to be urricd o~ the ~mprovements sitvate on the above desui~,p~mipa,
w
C-Premiunit on wd~ mwtgsye pva~enfy eruwance .as mertpape~ sh~ll irom t~me to time deem fit to csrry on the lom sldir
Mortp~ sk~U -4?om ti~n~ to t~me notNy moADayw in wMirg of iMe ~main~ due snd p~ysbl~ her~ued~r ~nd. wd~ w~•
a~,~ ~ a~'~ due and
paYsbl~ on tht dw dat~ of ths next monthly p~yment and tath wocessiv~ month theresfter untii mort9ag~e shalt ooY a
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f rea l property taxu, irowance prem:wra,
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IH WITNESS WHFREOF.. the id.NWRTGAGOR has herevnro set Ms hand snd ses! the dey and year fkat afaesa = ~ r=
s~p d. p.s«+o. of: ~T. iiC1E COII~NT Y f l A. B O .I~ ~ORP.
~OGER Pp1TRA5 BY= ` ~
CLfR1C CIRCUIT C0U 1 e' asez~ r
ti ,y a.~...~• ..a ;~S..n
~ Yr; ;F~Ea . ; ~ ~.R--n
. .
_ _ - - - - - - _A~~ 1S _ !0 3~ _QM'77 .
3i'6~3
STATE OF FLORIDA COUNTY OF ST~ LUCtE
` 1 HEREBY CERTIFY, That on this ~ day of- Au9ust A. D. 19 77
.
before me personally appea~ed 1Nike Naser ~
respectively President~oot ~ ~~o,c , of
St Lucie Genera3 Construction Corp. ~ a Rlorida Corporation, to me
known fo be the persons described in and who executed the foregoing instrument and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses anc purposes therein mentiened; and that they
affixed thereto the official sea) of said corpo~ation, and the said instrument is the act and deed of said torporatiat. :
WITNESS my hand and official seal at Fort Pieroe said county and stat .
6'irst Rederal Savings & Loan ~
Associat~on of Rort Pierce +
This iastzusent prepared by: % ~Noteiy.Public, in and f 1a and County aforesaid.
J. Nal ROberts~ Jr. ~ '`M~? Comrni;sion Facpires: Ilets~? P~Cc, St~te ol ~asida a~~q~
....;~'r : ~y ~Ofli.'OiS.k:~ Ei,:'lM f1~`J Z2. j]~~
~ . - - bWN ~l A+unica~ fn b Cn:~~y~
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- cr~ked By ~ = ;a f: ; . rI - - 8 I
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