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!'ROVtOBD ALWAYS. that iP Mort~ot slull pay Mortgigee the wms specified in that cert~in Promiuary note substsntially
oopird ar kientified betow, to-wit:
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fbrido, May 4. 78
~ ~^~b^~ W~+~ b pay to ~ o~d~ ~ RIVERGOLD INC.
IIN prM~cipd w~ ef~ --~,,.ss --„a ~„a nn n
. bp~1~ wIN~ int~n~t th~~on koM doN~ at tA~ ~ Dollon (i~ D00.0
fON '~'~'a.Q'~-,-~IN tMMi P!f ann»m ~ ~y~
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' OI) flr ~ 1 ar dp~/ Of~Each menth Asi ~ .
. Pl' AttAn}~pA
b~h p~lnclpd ~d InN~ ~a aaY'~b~• tn lowr~r mon.y of th. unlad st~oN~ ot ~.q~y~{~ RzvERCOr.D Ixc
P~ Box 2019~ Ft. Pierce, F2orida 33450 -
a~ tiw doMs a~d In Nw' o~ow,b , , P~ ~ te b~ po~rabl~
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Ses Attached Schedule
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aod ~hdl also perform and comply with aU the terms and conditions of this martgage, the estate hereby creatrd shall asse
ud be null at~d void. ~
TERlbS AND CONDiTIONS: MORTGAGOR das hereby covenant and agra:
l. TAiCFS AND
ENCUA~lBRANCE3 To Pt~PUY PsY the wces and other govemmentsl kvie~ judgments~ liens, u~d otlrer encum-
brancei which ao~v or hereafter appeu to be a lien on uid property; Mortgagee sha11 be the ~ole judge of the tegality of such
encumbranca and the unount necxssary to be paid in diacharge thereof; and to deliver to Mortgagee receipts for the payment
of: tl~e preading yrar's taxes (prior to March 1 Sth annually) and, other govertunenta! ievies (within ninety (90) days from
due date).
2. INSURANCE To continuously mainWin fue and windstorm ir:suranu on the mortgaged property of such
type md sc~aunts ss the Mortp~ee may from tjme to time require, but nev~r leu thaa a wm eqwl to the amount of the mort-
pae,-or aa amouat sufticicnt to comply with any co-inwrsnce requirement under Fbrida law. All insuraucx stull beu the
standud New York mortgsge clause without oontribution and st~all otherwise be in a.form and with companies acceptabk to
Mortgaga. The poGcies and renewak tf~reof shall be held by Mortgagee. Mortgagor shaU givc immediate notia by mail of
any bss, and Mortgsgee may make proof of toss if not cnade prorr~pily by Mortgaaor. Each inwrance company concemed
shall make ptyment for wch lo~s directly to Mortgsgee, as ita interost may sppear, (instad of joindy) and the irtsurancx ~
procad: may be applied by Mortgagce, u ita option. either to reduce the indebtedness hereby secured or to t}se renoration
of the propetty damaged. In any forcelosure, or other transfer of the mortgaged property in extinguishment of the indebted•
ne~ ~ecured hereby, aq intetest of the Mortg~or in said insurance policia sfuU pay to the purchaser or transferee. If the
parties hereto aaree, Mortg~or will carry life inwrana upon their lives. in an amount eqwl to the aggregate unpaid indebted-
nat sxurea hertby. with Mortgaaa named u beneficiary.
3. WASTE To keep the mortsaaed property in its present condition, reasonabie wear and tear expected,
and to commit or permit no wute of the mortgagcd property.
4. CONVEYMICES -
- JUMOR iIENS
AND ADDRIONS To permit no f4reclosure or execution proceedings to be initiated on any junior tien and. in
u~y event, shaU immediatety notify Mortga~ee in writins of any titigation affxtins the mortgaged property. The title to the
mortgsged propcrty thaU not be transfened without the written consent of Mortgagee. in any tvent~ however, Mortgagee
msy deal with a~cas~ors ~n interat in the same manner as with Mortga~or~ and may forebeu to sue, oxtend time for pay
ment of the debt; or otherwise act arithout affectln6 the liability ot the Mortgaga hereunder. To erect no ne~v or additioml
structura. aad mak~e no additions or alteratiad,- ~t ~~s_~o demolition~ dismantetins or removir~ any of the
. ~P~ P~~~Y without the prior written odnsedt~~M~tp6ee. R -
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