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3. To pl~a ~nd continuou~ly kesp on the bullding~ now or hereafier ~itwle c+n ~etd I~nd and on all equlpment ~nd pertonally cove~ed by thl~ matp~
p~~ wilh •11 premlumt th~reo~ peld In full, fEra tnsurence in the uwal standard }~Itcy torm, in a ~um approves! by 1ha MORTGAGEE, •nd winditorm
M~wtnta In Iha u~va! ilandnrd policy (orm, In a tum approved by tha MORTGAGEE, in iuch company or corrspa~~tes e• thR MORTGAGEE may ~
dtred~ irxJ •II Iirs end wlnd~torm inwrence policies on any of iaid buUdings, eny interotit therein or part 1he~eoF, tn iha aggregeta wm ~/oreteid ot
In •xcau theroof, thalt tonutn ihe uiuci ~t~ndard marrgagee claute or tuch othrr cl+use as 1he Mortgegee may requiro, meking the los~ under ~eid po11.
cie~, e:ch end evary, payable to ~eid MORTGAGEE af i~s Inlere~l may appear, and each and evary ~~ch policy shall ba promptly ais'gned and deli~ered to
o~y he~d by •ald MORTGAGEE a~ furthar security to seld mortgage debt, end, not less then ten (10) day in advence af the expl~tlto~ of eath pol?ty, to da
•(iv~r to atd MORTGRGFE a renewal Ihe~eof, fogetha? wllh a receipl for the premivm of such renewal~ and ~here ~hall be no fi~e or winds~orm in~urance
; pl~ud on any of said bvlldtngs, any Interesl therein or parl thereoF, ~nlest in ~he form end with the loss payable es etorosatd~ and tn tha event a~y sum
i of money bQCOms~ psyable under tvch poltty or polides ~aid MORTGAGEE shall have 1ha option to ietaiva and eppty the seme on accouM oi the indebted-
~ net~ ~ecured hereby or Io permit seid MORTGAGORS to reteive and use tt or any part thereof tor othcr p~rposes, wi~houl Ihereb~ waiving o~ impain ~
Iny ~ny equity, lien or ri9ht under or by vittue of this mortgagej and in ihe evenl teid MORTGAGORS shali for any reason fail to keep the iaid premises ~o
losurtd, o~ iail to deliver promptly any of taid polittre of Insurente to •aid MORTGAGEE, or fail promplly to pay fully any premi~m Iherefor or in any '
j tetpeci fafl to perform, diicharge, execute, e(fecl, complete, comply with and abide by Ihi~ covenant, o~ ~ny part hereot, said MORTGAGEE may place and
' p~y fot tvch Inturance or any p~rt ihercof without watvtng or affect(ng any option, Iten, equfty, or right under or by vtr~ua of lhis Mo?tgage, end the
~ fvil ~moun~ oi each end every wch payment shal! be immediately due and payable and shall bear tntereat from the date thetco( until paid at the rota ol
i nin~ per ta~ium pe~ an~um and togelher with such intere~t shall ba iecured by the lien of this mortgage.
~ 4. To parmit, cammil or suffer no wa~te, Impai~ment or deterioration of ~aid property or any pari fhareof, j,
5. To pay ~II and ~ingula~ the tost~, charges srt~ exge~sei, tnclud(ng a reasonabte attorney't fea and costt oF •bttractt of title, incurred or patd at ~f
~ any ttma by taid MORTGAGfE, because w ln ihe ev4r.1 of ihe failure on the part oi Ihe said MORiGAGOR to duly, promptly and fully perform, discharge, I:
~ •xecuta, etfed, compiete, comp~y with and abide by each and every the stipuletions, egreemenla, consliliani, and tovenantt of taid promissory note and tht~
~ mortgaye any or eilher, and ~atd cost~, charges and expense~, each end every, ~ha11 be Immediately due snd payabla; whelher or ~ot there be notice do-
, msnd, attempl to collect or tuit pendingl and the full amo~nl of each and every s~ch payment thall bear interest Irom Ihe date thereof until paid at tha
~ste of ~ine per centum pe~ annum; and all said tos~s, charges and expenses incurred or paid, toge~her with such (nterest, shaN be iecured by the lien of fhU
morlyaq~.
6. 1}?at (a) in the avan! of ~ny breith of this Mortgaye or defa~lt on tfie part of the MORTGAGOR, ar (b) in the event any of ~aid ~umt of money
! hetein raterred to be no1 promptly and fully pald within thirty (30) dayt next aiter the same ieverally become due s~d payable, witho~t demand or notica,
a(c) In the event esth and every She ttfputetions, egreeme~tt, conditions and covena~U o! s~id promissory note and Ihls mortgege any or either are nol
~~ly, promplly and fully per{ormed, diicharg~d, exetuted, etfecl~d, campleted, complied with and ebtded by, then in either or any iuch event the ssid ~Q
qre9att w~ mentioned tn taid promtiswy nole then remaininp unpaid, with interest etcrued, and all money~ sac~red he~eby, •hall becoma due end pay-
able forthwith, or tharea(ter, a1 the option of said MORTGAGEE, as fully snd completely ai if all of Ihe iaid ~ums of money were origtnelly ~tipulated
to be paid on ~uch day, a~ything in said promisiory note w ln this Mortgage to the contrary notwlthitanding; end thereupon or thereafter at the optio~ of
~s}d MORTGAGEE, without nolice or demand, tvit at law w tn equity, thcrafore w lhareafter begun, m~y be prosecuted at if all moneyi fecured hareksy
~ hed m~tvted priw to its Institutian. •
; 7. Th~l to the event ihat a~ the Innt
~ heg ng of or at any tlme pendi~g ~ny tuit upon thi~ Mortg~gs, or to foreclose It, ot to reform lt, or to enforq
payment of any claims hare~nder, said MORTGAGEE shall apply to the Courl having jurisdictiap Ihereoi {or Iha appointment of s Recefv~r, •uch Court ihall
forthw(th appoint a receiver of iaid mwtgag~d properfy +11 and sinyular, lncludmg •II and 3ingular the Incoma, proiili, tuues and revenves from whatever
" ~wrt~ derived, esch a~d every of which, it being expreisly underitood, if hereby mortgagtd as ii ~pecifically sel forth and de~uibed tn ihe g~~nting and
1 Mbendum clavus hereof, and s~ch Rccelver shatl h~ve all Iha broad and effecttva tunctioni and powers in enywise entru:ted by e Cou+f to a Receivar, end
~ such sppolntment ~hal! be made by tvch Courf at ~n admitted equity and s mette~ of absoluta right to caid MORTGAGcE, and without reference to the
adeq~acy or Inadequacy of the value of Ihe property mortgaged or to ~he wlventy or insolvency of taTd MORTGAGOR or the de(endantr, and Ihat tuth
j rent~, profiti, ir?come, issues and ~evenue: shall be appHed by ivch Recei~er accord;rtq to ~hs llen o~ eqvity of aaid MORTGAGfE and the prectice of auch
~ Coun.
B. To dvly, promptly and fully p~rform, dt:charge, axecute, eftect, complete, comply with ~nd ablde by each and every ths tttpulation~, sgroements,
; tonditiont and covenanl~ in said promissory note sr?d Ihis mtutyage ie1 forth.
~ 9. Th~t tn the event the owne~ship of the mortgaged premites, ar a~y pert thereoF, become~ vs:?ed In + penpn other than the MOR7(`,AGOR, tM
MORTGAGEE, its :ucces:ori and aiirgns, may, wi~hout notice to the MORTGAOR, de+l with ~vch ~~ccetsor or •uccessor in interest wlih re(e~ence to thii
mo+~yape and Ihe debt hercby fecured in the tsine manner as with Mortgagor withoul tn any way vUietlny or disthargtng 1F~e Mortgagon' Itab(i(ty hera
i ~ undet or upon tha deb? hereby iecured. No iale of 1he premises htreby mortgaged ~nd no forbearence on tbe part of th~ MORTGAGEE or i1e wccetton
W at~Ign~ and no eat~nsion of the time for the peyment of the debt hcreby secured yiven by tbe MORTGAGEE or its •ucteisora or assigns, shal) oparols
f ro ~eleu~, discharye, modi(y change w affecr the original tiability of the MORTGAGOR herein, either in whala or in parr.
~
10. tt i~ speciikatty agreed tha~ time t~ ot the eiKnce of this contract and that no welvx of any obligation hereunder or of ihe obUQatbn sr
tur~d hereby thall al any time Ihereafter bs held to be a watver o~ the termi hereof or of tha instrument tecured herby. ~
11. In addition to the forego:ng monihly payments of princ:pal snd interost required by tM promitwry note iecured here6y, morigayor tovenant~
and agrees to pay to mortgagee with each monthly payment an additional tum eslimated by mortgagee to be equal to 1/12 of tfie annual coit of the follow-
ing: ~
A-Ap real property taxes levied or assessed against the above desuibed real estate,
8-P~emiums on fire and wtndsform insuronce as herain requ~red to be carried on the improvementt ~(t~ate on tba abt>ve described premltet.
~ C-Premi~ms on such matgage guaranty insuronce a• mortgagee shall from time to time deem fit fo carry on the loan tecured hereby.
Mortgagca ~fiall from time to time notify mortgagor i~ writing of ths amaunt due and psyabfe hereundrr and such t~m shall thereupon be due snd
paysble on tho due date of the next monthly paymenl and each successive month thereafter until mortgagae thsll nolify mortgagor of a chanye In ~uth ~
amount. S~ch iumt ~hall be applied by mortgagee toward the payment of real property tsxe~, in~urance p?emi~mt, and mortgaye guar+nty Intunnce
premtums.
~ IN W1TNE55 WHEREOf, the uid MORTGAGOR has hereunto tet his ha~xl •nd ieai the day and ear flnt aforesafd.
Sign~d, led and delivered in t pres nce ofe
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~ STATE OF FLORIDA ~
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_ CouNTY OF .~.~'+t,., T.u6=e
Bafas mt p~raonatfy app~ared Mf4~?_k T.nt' A t~j.~er
~
,
~ tiw ~ndlvidwia dsuribed in and who ~xecuted ths for oi Instrurtunt r~d ~tknoyr~ e, to rr~ wsU known ~nd knov~m !o me to b
s e9 ^9 . +dged b~fw~ me that-~ executed tl» same for tM purpo:es
fMroM ~xprtffacl. Md ~Iw ~*aid-
wii~of ,ih~ ~a1d ~ ata ~a+d pr1rW
, ~xanoiwtiw ir. aoe.takea.kMMt~ ?~•~~triwrw ~ar ~~+eki+~rrtsti~eel~and-belsrn-rrw-Nwt-sfie-cxetieled~sak~-Tnsh~m~ter 1tee1~ °sr+d-rd~
' tsrMf ~nd -Mtt~oot-arsy-tvrrrpofitdn,~nirr~tm; aAF~~~arr; ~ta~rof ~r-fenenixrsahH~a~ban~
WITNESS my h+nd and official se+l thi~ - day of-- ~ A. D. 19~
1 _S`~ / ~ ~i/'~
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{ Natsry Pu61k In ~nd fw ths St~t~ of flortd~ at L~rp~ '
• R~twn To~ 14Vy Commiss{on •xPtr#Mbtary Pubtla~ 3tpts of fbrtd~ ~t ~
Fkst f~dsr•I Sav . Y Comtriiss•on Exptret Nov. 3, 196~
; Of Fon~ P~e~Lc.n ~awd•twn 4 1~.~1 Q[~S 60nded bY American Suret,Y Co. ot N. Y,
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- ! o'' ti AND RECORD~D +yn~y'o~~
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1964 NOY 30 AM I I: ! 6 ~*i o~~ n~'" ~
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o~-~ ROGER POITRAS, CIERI( ° '
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' ~-~•,,,•t' ~ . ST. tUCIE COUNTY, FIORIDr , . -
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