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To plac~ a~d con~in~xrsly kssp or~ the buildingt now or htre~fie~ utust~ on ~aid (~r?d ~nd on sU equlpin~nt ~nd pt?tc~ally tov~ted by thi~ m~tt~ '
sq~, wiih •tl premivm~ ~he~con paid in f~il, fire tmvrancs i~ 11~e uiu+l ~underd polky form, In a wm approvtd by the MORIGAGEE, •nd windtitorm
k?~~+++nro ~he usual ~~~ndard politp tam, 1~ ~ ium •pprovsd by tM N1~RTGAGEE. in ~uch canp~ny or companip a• fhe MORiGAGEE rs+ay
i~IfKi~ ~nd a11 ti~s +nd wind~~orm inwnnce polic+es a? sny of ~aid build~rp~, any Mt~roit lharetn or pa~t ~ha~co(, ln ihe apg~ep~~• s4Wr+ aior~~~W ot ,
tA •xcts~ tMreol, ~h~lt cantsin the vfual i~indsrd ma~g~gee clau~e or auch o~her clautia a~ th~ IMortflages may require, making iha loi~ u~der ~eid polE '
d~t, ~xh arx! every, p+yable 10 ~aid MORTGAGEE ss its imeroti~ may •pprar, end ebch and evety ~uth }wiicy ~hsll be ptomptly +it:9n4d end delivered to ~
u~y Mld by •sEd MORiGAGEE a• (uriher ~ecurlty to iaid martgage debt, ~nd, no! loss Ihan ten (10) d~ys in sdvance of the expiratton of •~ch policy, lo de-
liv~t to iaW MORIGAGEE a ren9w~1 thereof, lo9ether wiih a receip~ for Iho premium of tuch tCMW~iJ snd Ihe~e ~hall bs no (ire or wtnQsto~m insur~nce .
plac~d o~ any of ti~id buildirx~~, eny tnte~e~l Ihaein or part theroof, unietis fn the' (orm snd wiih Ihe los~ pay~bl~ e• atons+Id~ ~nd In the svent eny sum
of mon~y becomet psyabte under tuch pnl~ty a(wlitias iaid MORTGAGEE f~all have 1ha option to teteive and apply Yne ~ama on account o! 1he I~de6!ed- ~
Mai teturet! hareby or to permil sa{d MGRTGAGORS to ~eceive and uis it ot any pa~t fhereof Fpr o1he~ purposes, wfihout the~eb~ waivi~~g or irnpeir• !
Inp any pu!ty. lien or righl undar ot by virtue of Ihts morlgagc; and in the evrnJ ~ald MORIGAGORS ahall {o~ any teason fail lo keep Iha s~id premiset ~o
= t~~vted, ot Fal) fo deliv~r {uwnplly ~ny of said polictes of tnsurante to •~id MORTGAGEE, or (all promptly to pay fully a~y premium Iheretur or in any ~
. ~aped t~ll fo perform, discharge, exec~te, ettecl, complate, comply wlth and abide by this toven~nt, ot eny part hercof, •afd /J10RTGAGEE may pl~ce ~nd
i' pay tot ~uth tnwrant~ or any parl thareef without walving w affeclir?g any optia~, Iten, eq~ity, or right under or by virlw of Ihlt Matgage, and the
fvl! smovn! of sath and erery tuch paymenl shall. ba immediately due a~d psysble and thall bear lnterest irom tha date Ihe~coi until peid a1 the rate ot ;
~int ptr centum per annum and togelher with ~uch inlerest shatl be iecured by tha lisn of thi~ mortQsga.
" 1. To parmit, commit or sufier no waste, tmpairmem or deterioretion of •aid property or ~ny p+rt flwreot. •
• 5. to pay all ~nd ~Ingula? tha toitt, thsrgei and expcnset, intluding s reasonnble altotney'i fea and coslt of ab~tratl~ of title, Incurted w pe{d H
any Nm~ by said MORIGAGEE, bet~vse or ln tho •venl of the failuro on the parl oi the ~ald MORTGAGOR to dvly, promptly and fully petlorm, ditcharge,
~xatute, ~ffsd, tomplste, camply with and abide by each ar~d every the sliputa~iont, a~g~eeme~sts, cundition~, and covensnl~ o( •sid promi~wry nate and thf~
morlya~~ any w etther, snd ss~d cost~, charge~ and expensei, each and evary, shall be immedi~tely due and pay~ble; whe~he~ or not Ihert be notic~ da
msnd, s?lempt fo co11ec1 w~uit pcndin4t snd Iho f~ll amount of each and every wch payment thall bear interosl (tom Ihe date fMraof until pald a! tht
rate o( nine per cenlum per en~iom; and all said costs, charyes and expenses Incwred o~ paid, togelt;er with fuch lnterost, thall b~ tetutet~ by tM lien of this
mottQaqs.
b. Tha1 (a) In tM went of any breach of this Mortgsg~ ot de(a~U on the parl of the MORTGAGOR, or (b) ln the ~vent •ny oi tsid sum~ of money k
Mttin t~Eetred to b~ not promplly and futly paid within thirty (30) deyt next aller the tamo severalty bacome dve and pay~ble, wlthout demand ot notlte, k
~ or (c) M the wenl each aod every the stip~lallons, agreements, conditio~s +nd tovonants of said p~omitiory note and thi~ rrwrtgape sny a ei1M~ nW i
~uly, prompdy ~nd fully performed, diicharged, execvted, ~ifeded, completed, complied with and abided by, Ihen in aither or •ny such wtnt Ihr wid a¢
qreyat~ sum mentioned in taid promissary note thm remaininQ unpaid, with tnternst accrued, and aJl rrwneys sacured her~by, ~h+ll baom~ dve •nd pay~ .
+~bte fathwith, or IMr~afta~, a1 the oplion of iaid MORTGAGEE, a~ (ully a~d complelely as if all of the •ald tum? 01 mo~ey ware oriylnally ttipulited
~ ro b~ paid on s~ch dey, snythin~ In sa~d promissory note or In this Matgaqe to ~he co~trary notwiths~anding~ snd theraupon or the~eaftsr at Ihs option of
tald MORTGAGEE, without notice or demand, tvit et law a In equity, fheretore or thereat~er be9un, may be prosecuttd u if all mon~y~ sacur~d heteby
Md mstwed prior to its inititutia?. •
~ beg ng of or ~1 an p y y pori gage, or to fweclosa tt, or to refam It, or fo enfores
~ '7. That in tM event ~hat at tha inni y time eodin ~n tuil u thls Mort
~ p~yrtwN of •ny tl~lms hercunde?, ssid MORTGAGEE :h~ll appty Io Ihe Courf having (arisdic~lon Ihereflf tor the appointmenl of ~ Receiver, ~uth Coutl shall
fathwlth sppoi~f a reteiva~ of ssid mortgaged p~operty all snd sing~lar, Including ~II and ~ingul~r th~ incoma, profiti, Iss~e• and ~evanue~ trom whatevet
wurc~ dsrired, •sch and every of whkh, it being expressly understuod, ii he~eby mortgaged as H spe~ifialty stt forth and clesuibad in t!?s Qrantlnp and
~ hab~ndvm tlavtes hereot, and wch Receiver shall have all the broad and cffeclive functio~~ and powen in +nywise entrutted by a Couit to a Receiver, •nd
wch appolnlmeN ~hall be made by svch Court at sn admi~ted equity and a malter of absolule right lo said MORTGAGEE, ~nd without reference ro tM
~dequacy or {nadrquacy oi the value oi Ihe property mortgaged or to the soivency or insolvency of iaFd MORIGAGOR or the delendante, ~nd thal ~uch
~ rentt, profftt, income, itsuas aru! revenues shap be applied by iuch Recsiver accordinq to Ihe Ileo or equity oi said MORTGAGEE and the pracliu of s~ch
C.ouH.
8. To dvly, pranpdy and fully ps?form, discharge, execute, efteci, comple~e, comply with and abtde by each eod ~v~ry ths •tlpulallons, ~presment~,
. conditiont a~d coven~ntt in aaid promiuory riote end thi~ mortgage :et forth.
~ 9. Tfi~t tn the BveM the ownership oF the mo~tgaged promises, w any part theroof, betomes wsied tn e peree~ other than tlie MORTGAGOR, th~
~ MORTGAGEE, Itt tuccestw~ and as~igns, may, wilhoul no~ico to the MORTGAOR, deal wilh iuch tucce~ior or iucceisor in tniorest with rofererxe ta thU
s morlyrga •nd the debl hereby secured ln tho same ma~ner as wi~h Mottgagor without tn any w~y"viliatin~ a dischsrginQ Ihe Morlqsgors' (lsbility Iwra
~ under w upors tFa debt hereby secwed. No tale of ~he premises hereby mortgaged and no fwde+rance on tF~ part of the MORTGAGEf a Ut ~ucceason
~ ~ or ~ssign~ and no extension of the time for Ihe paymeni of the debt hereby tecured yiven by Ihe MORTGAGEE w its succttsori or au:Qna, sMl! opaai•
. , to rele~s~, discharya, modify change or affect ths original liabil+ty of ~hs N!ORTGAGOR hereFn, elther in whole or In p+r1.
~ 10. It fi tpetifkally agrerd thet time it of the essence of Ihis contraFt and thal no walvet of ~ny obltgalion htr~under or of 1M obl{y~tlon w-
~ . ated hereby thall at any tTens thereafte~ be hetd to be a w~tver of the term: hersof or of the lntlrumenl srcwed harby.
f!
~ 11. In add~tion to the faego:ng monthly paymero~ of princ:pal and intercsl required by Ihe promitsory nota iecured hereby, mortgagor eovanantf
and agrees to pay to rtsortgagee with each morohly payment an eddirioaaf sum estimaied by morl4sgee to be equal to 1/12 of the annual cosl of the folbw-
A-All rral property taxes levied or assessed agains~ the above desuibed real est~te. _ • .
B-Premtums a? fire and wiodstorm insvrante as herein requ~red to be carried on the Improvementt fhuale on the ~bove described ptemlu:.
C-Prertaum~ on s~ch mortgage gwronty lnsurance ai mortgagee shsll from timn to Iime deem fit ~o urry on Iht loan sewred Fietsby. .
Mortg~ge~ thall from time to time noli(y mortgagor in writing of the smount due and payable hereunder snd such sum shall tMrevpon be dw and
payabis on the due dale of the nezt monthly payment and each ~~cceisive month theresfter until mulgegee thall nolify mortgagor of a tha~g~ in tuch
~ amo~nt. Such sums ~hall be applied by morlgagea toward the paymeol of real, property t~xet, intura~ce premivnu, snd mortgaye Quaronty inwrant~ -
f pr~mivmi.
!N WlTNESS WHE EOf, the said MORTGAGOR has hereunto iet hit hand and :aat the day and eu fir4t ~foressld.
~ led a de ' ed t ei e of: ~ •
~ ~ ~0
~ ~ ~ •4
_~___._~.~n
~ . `s~'~ -
" STATE OF FLORIDA ( • '
~ cour~m of 3ain~ Lucie ( u' ~ ' • . .
~ btfa~ rta perwnaHy appsared Paul P• N9f 11. aed
~ w3ma M. Neill , .w~ k,,,,,.,,, .,,d
w,~.. W icr~own ro m~ ro b.
tM Mdivldu~lt dacribed In ~+~d who ~zec~led th~ forepoir~ InirrurtNOt, and aeknowl~dpad b~fon me thst thay •x~cuted th~ tartN for th~ pwpost+
~Mr~M ~xprasod. Md tta uid ' ~1-ffi~ . Neil~
~ wti~ of tM sak! Pa1~.1 P_ Neill ~,,.r.
~
~ examinaYwn by rtu taken separ~te and aparl irom her said hvab?nd, ~cknow;adged w~nd b~fors rtn that ~h~ sxecvted aid IMtNuls~t•+ik~~ •yoli++~ .
~ tsrily and reritFw~+t any comp~lilon, co~siraint, apprehen~ion, 4eu of w from her said huiband. • .
: : OI~ '
WITNESS my Mr+d and official seat thl ` dey of Deaember ~
~ ~ ~ '~~p ~
Not~ry Publk tn and fw tM Stan . a~1~ r
~ • 2 ~Y com~,~s,,on .x~tr..u •.,"tY}.. ~ N :
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. . R~tvm TcK ~ . ~i
Ftr.? Fed.r.~ s,Yt~s i loa~ Mioctation Nofat'y Pt~~~t, Stata ot Rrr:c~e tt lar~ y': Q•,~~~~;
Of Fwt Pierc~. COR Q MY Commissian L•r,; :ru ~~arc~: ~t~. S~bS~'~~,r~~~,,.,...•• .
i Fon P~~e. Fi«w~ I~. ~YitC18~ K~COi'~ b.e.e ti~.. rr. a c.~..ti a.. ' .
~j . . ~aaK . . ~ .
. ~ 1954 0=C I P~t 3: 39 : . . _
,
ROGER POITRAS. CIERK ~ ~ . ~
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•!.E. ~'•~~p S1, IUCIE COlIN1Y, FIURIDA ~J ~ - . ~
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