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7o pl~c~ ~nd contf~uously Reap an ~he building~ now or Mraalt~r ~ltvate or~ ~iid l~nd irtd on ~!I cquipmsro ~nt) ptrtonaliy covtttd by ihl~ morip~ ~
" p~, r~,ith prsmlu~ra Ifiarran p~id in (uii, fra in~ure:ece in the uiuat sten~erd polky farm, in • tum ~pprovtd by ihe MQRTGAGEE, ird wfnd~torn~ •
Intutsna M IFa vi~~l ~1~ndud policy (am, In a sum spprovcd by Ihe MORT(iA~EE, (n tuch company w compsnl~s ti tFw MORTG/10Et may ~
d4~t4 ~nd ai1 (k• ~nd wi~tam tnsuranca polici~s on •ny of :eld bulld~ny~, tny I~lsr~~! thereln or pa?1 theroo(, in Itw aQqre9+t~ tvm aforui~W a
!n ~xuts f~?uwl, ~hall conlatn tho vsu~l •tandard mat9agee cl~u~s o~ •~ch oiher claw• IM M~+1g~gee may ~s~v~», nuAtnq iM lo~t und~* •aid polb `
etss, ~sch ~nd ovtry. paysbt~ lo a~id MORiGAGEE as i1~ tnterett m~y ~ppaar~ and each and ~ve~y ~~ch polity ih~lf t» p~anpHy s1~:yncd •nd delivarcd to
•ny Mid by ~atd MORiGAGFE (u~lher securiiy to said morty~~ge debt, snd, no~ Ie~~ ~lurt t~n (10) day~ In edvance o1 Ihe expiralion of ach policy, to dN
Ilvs~ to ~~Id MORTGAGEf a r~ntwal thereof, toqathe~ wUh a receipl tor IM premtum oi wch ~enowal~ and thero ~hatl M no iirs or wi~ditam Insvranct
plaud on ~ny of ~aid buildinyf, a~y Intatut Iheroin or part the~eof, unkss in the form ar?d with IM los+ payabl~ s~ •Ewefsldj and In tha twnl any wm
of nwrwy bc,•comet p~yable u~det tuch polity a policias ~ald MORTGAGEE ~hall hava the option to ~eceivo and apply the ~ame on stcount of tM I~debted
n~u atcwed M«by ot to pa~mlt taid MORTGAGORS to ~etoive and uie tt or a~y part Ihereoi for othcr purposet, w+thoul thrreb~ waivl,~ or impair•
~ Inp a~y eqvity, Uan a+i9ht under a by vlrlva of thi~ morly+gej and in 1M eve~~ said MORTGAGORS sha11 fw any reason iail to keep the uid premi~e~ w
Intuted, a fa11 to daliver promptly •ny o6 iaid policiE• of imurance to s~id MORTGAGEE, w fail promptly to p~y fully any premi~m Ihare(or or In any
nspect f+il to p~r(orm, discharpe, executa, effec4 comptete, compty with and abide by ~ht~ tovenanl, or any parl heteof, ~aid MORTGAGEE may plote and
pay iw such Inwrane~ w+ny part thareof wifhout walvinfl w affecllnp •ny op~ion, Ilan, equity, of ri8h1 under or by vlrtue o1 thiti Mortgaps, and tM
_ f~ll unount of each and evary such payment shall bo immediataly due and payable snd ehall bear (nterest irom the dals thertof u~1i) pald at the ~~t~ o)
: nln~ p~r centum pa annum and together with tvch inteiest shall be setured by ths lien of thi~ mortQaga.
To p~rm;t, commlt a suffer no wasts, Impsirment or deterioroNon of ~aid property ar any parl tfiareaf. ' ~
. 5. ~o pay ~nd ilnpul~r tha cwl~, chargcs ond expenses, t~cludi~p a reasonable atlw~ey'~ fee and costt of abslrads oi titls, Incvrred ar pald at
~ny Iimo by tald MORiGAGEE, because or In tht avanl of ihe failure on the part of ~he •aid MORTGAGOR to duly, promptly ~nd fully pertorm, dischuge,
~xrcvts, e(fect, complete, comply wi~h and a6ide by each and every the •tipul~tion~, rgreements, condillon~, and covenantt ot said promi~wry nots and ~hi~
mortyas~ any w ai~he~, and said co~tt, cha~gei and rxpenses, e~ch and evary, ~hall be lmmediately due a~ payabl~j whe~her a not tl?er• b~ notite de~
ms~d. atlernpt to tollecl or iuit pan~ingJ and ~ho full amo~nt of each and every tvch payment •haU besr interast from 1!» detR tharaof unli! pald ?1 th~
t~b of nlrw psr cenlum per an+wm; and a!1 iald costs, charges snd expensei tncurred or pa(d, together wi~h wch tnterort, thall b~ i~cwcd by 1M lisn of thU
mort~aQ~.
~ ~ 6. Thal In 1M avent of any bresch oi Ihis Mortgags or defa~lt on ths part of the MORTGAGOR, or (b) in the ~vent ar?y of ~~td tumi of money
Mr~In nferr~d to be not promptly and tutty paid within thirty (30) day~ next aliev Iho samo savw+lly become dva +nd payable, wUhovt d~msnd or nallce.
w(~ In tM ~v~nt t~th snd every the slip~lallo~s, ~9reemeMt, conditions and tovenanls of ~aid ptomit3pry note and Ihl• morlga8~ iny or either are no1
~vly, promQWy and fulty per(ormed, d~scharged, executad, e(fec~ed, complsted, comphed with and abided by, tFwn ir? ailher or ~ny such tvent 1hs ~aid ap~
i r•t~ sum rtantioned in u1d
' p p promFsswy rwte then remaining unpaid, with interasl accrved, and all money~ kcvred hereby, chall become du~ +nd pay~
~ ~bls forthwi?h, a therafte~, at the opt~on of said MORTGAGEE, e• fully and compte~cly as lf ~II of Iha said sums of money ware ori9lnally •tipulated
to b~ paid e~ tvch day, a~ythiny tn ~aid promissory ~ote or i~ Ihis Mortgaga fo Ihe contrary ~otwithilandlnQ; and lhereupo~~ or lhrre~flsr a! tM option of
uJd MORTGAGEE, without no~ica or demand, eutl at law or tn equiiy, there(ore or Iherea(ter kxgvn, may b~ protetvttd u If all monays wc~red Mr~by
~ ' Md matwed prlor to its Inititution. ~ ~
~ , ~"•7. Thal in 1M ~veN lhat al Ihe beglnning o( or et any time pendiny •ny wit upon thio Morfg~g~, ot to iorectosr or to raform if, o? to enfora
~ p~yment of ~ny dalmi hereunder, said liAOR~GAGEE thall spply to Ihe Cour1 having jurisdicliot~ Ihereo( fot the appoinlment of ~ Reteiver, ~vch Court ~hsll
forthwith ~ppoint ~ r~ceiver of ~aid mo~~gayed property ell end singular, lncludmg all end tin9vl~r ths incoms, profit~, Iswet •nd rwenve~ from wh~tw~r
~ wvrc~ derived, asch and svery of which, it beiny expres~ly undentood, ii hereby mortgoged at if tpec~tically ~et (orth and de~trib~d !n tM printlnp and
l~absndum cl~uset Mreof, and s~ch Recelve~ shall have :11 the bro~d and e(trctlve ivnct~ons and powert in anywise entrvtted by ~ Court lo a Recelvtr, and
~uch appotntmenl thall be made by tvch Court as an admitled eqvity and a mauer of absolute ~ight Io taid MORTGAGEE. ~nd witFaut rofet~nt~ to tM
sdtqu~cy a Insdeqvacy of fha value of the property morlgaged or to the sotvency or insolventy oI t~td MORTGAGOR w tM deftndanti, and Ihat ~uch
~ rsnu, profiti, Income, isivea and revenvei ehall be applied by such Receiver according Io Ihe lien w tquily o( taid MORTGAGEE and Ihe pratlicv o( futh
• Co~A. ,
t~' 8. To du~y, promplly and fully perfarm, discharge, exetute, effect, camplete, tompty wifh and rblde by tach and ~ve?y tM stlpul~tlons, ~preamsnfs,
~ conditiont and covenant• in ~aid promtsswy r?ote and this mortgage iet fath.
9. 7hai tn tM evenl' the owne~ship of ths mottgsyed premites, or any pan thereof, becornes v~sted ln ~ perwn otMr thsn tM MORTGAGOR, 1M ~
MORTGAGEE, !n ~ucceuor• and aisigns, may, witfw~,t no~ice to tho 1liORTGApR, deal with ~uch wccetiso~ or •uccessor in tnler~~t with r~fc~~nc~ fo thl~
~ morfyaye and ths debl hereby tecured in the same manne~ as wi~h Mortgagw without tn any wsy vitiatin9 or dixha~ging 1F?m Mo~t~agor~' Ilabllity Mra ~
under or upo~ the debt hrreby secvred. No •ale oF the premises hereby mortgaged and no forbearanca on tM part ol ths MORTGAGEE or 11~ •ucceltort ~
or sstignt and no ezten:ion of the time for the paymenl of the debt hareby secured givrn by tha MORTGAGEf or it~ wcce~wr~ oi suipns, atul! oporals
~ , lo ~sleua, diuharpe, modity cMnqe or attect the original Ilabil~ty of Ihe MORTGAGOR harein, eitha~ In whele or i~ part.
~ 10. It !s ipecifically agreed thet iime t~ of the essence of this controcl snd th~l no w+ivet of any obligation f?~rwndet a of tM obl}y~tion H.
~ ar~d her~by shall al any time thereaftsr be held to be a waiver ef the terms hereof or o( Ihe lnttrum,anl sctvred fx~by.
~ 11. In addition to the toregoing monthly paymenu of princ:paf and tnterest tequired by the promisso~y rate ~ecured hereby, mort9~Qor townantt
~ ar~d agreet to pay Io morlgegre with eash monlhly payme~t an addirianal sum estimated by mwly~gee to be equa) to 1/12 of tho annwl co~t ef tM follow•
. .
t~_ MAII reai property taxes levied ot assessed against ~he above detcribed real estate.
~ B-Premiums on fire a~d windstorm iniurance as herein requ~red to be urrted on the improvemanls situets on th~ ~bove de~uibad pttmlu~,
~ C-Pramiums an such mwtgaga guaranty insurance a~ r»ortgagee sba{I lrom tinx to time deem fit to urry on tF?m loan iecwed her~by. ~ ~
Morlgige~ sh~ll irom time to time no~ify martgagor in writing of tha amouro due and payable herou.~der and such wm ihaU thenupon be dw ~nd
~ p~yabl~ on the due dat• of the nexl monthly payment and each succe;sive mon~h there~fler until mortg~yea cha(I notify mortgaga of s thany~ (n uxh
a+rwunf. Such sumt ihaN ba apptied by mortgagee toward the payment of real property uxes, Insuront~a prsm;~ms, snd motty~qe ywranty lruu~~nc~
c; ptemlums.
~ IN WITNES$ WHEREQF, the :aid MORTGAGOR has hereunto :et hii hand and ieal thd day a~d year flret ~fwesatd.
. S~~ and ~red (n the pteferx~ of: ~ •
~ ~ . . ~~K1"E ~ (~+4
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-~Seaq
~ STATE Of FLORIDA
~ Lueie } as'
caurmr oF .S~. .
e.t«. m. p~w~,~ny .PP..nd Frie da Guerriero, 9 4Fidow '
~
~ ht~Xtr to m~ w~lt krawn uid known to en~ fo b~
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iM {ndJvidu+lilCd~~c+ib~d In ud who ~xec~sed ths forpotny Mitrum~nt, ~nd aciuwwifedyed befate me that ~ ezrcvi~d th~ u~ fa tho pwpaq
~ 1iNtsM • .
~.a~.d. 7G,~X+aG ?f+Y~,.- s he
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~ WiTNE55 my hsnd u~d offkial teal thi• day of A D. i9~,Z~
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~~~~c1~t~~~~~~~ Notary Pu in and tor tM Stah of Florid~ ~t Large :
~ `~..+NY ~e/ My comm? .apirrs, • ~
~ t ~ . ~ NOtafy PUbIIC, $fd~~ 1'1T !'10~'Td~ ~E L~i r: ~
f ILED AND RECOfiQ~D p~Y Commisston Exp~res Aug. 6. ~
~F • Bonded By Ametican Surety Co. ot N. Y. ~
~ o:. P;~ I~d D~OK
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~ ~o~,B ~1~'~~ x ~ 1964 OEC I 8 PM 3: 38 f
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' `r ROGER POITRAS, C~ERK ~ o : ~ ~ b
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jer,io~ ST. LUCIE COU~ITY, F~ORIDA
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