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• 3. To ptac~~ a~~d cc ,~inuxe~; lacp ~~n ~he h„i!d~ngs no-.v cn c~r~::fnc; sitwt~ an s~;.l I~nd r,nd on afi cqvip~:~cnl e~:d pirsonally covercd by this mortg•
' ec~e. ~vl~h a!I prem~u;rs ther~o,i ~ i'cl ~n tu;l, !~n• ins~~.,nca in ti~, uwsl sian:i~~.l "p.>`~.~ (onn, in a:u-n ay.provcil Sy ~h: A10Rtla>GEE. an~ wi•iduorm
Insu~dnte in fh~ us~.t~ St,~:~el~~d F.o!.c•r IJr~ii, in 3_t;,•i aj:~.rt.v~d liy ihe MC~RIG:IGEE, in Suth toni~~a~y Oi co:~~~~ani~:s as Il+e l.tORIC;AGEE mdy '
direcl; and all firr a~~d r.~r.ci~•c.in ins~~•.i~.~r pol~ci.•s u.i ~ny ul si~~l bu~~d.nys. .iny int~~~sl therein or pa~t thereot, in the aJgregate w:n aleresaid or
In excess thcreof, st,a;l com.~iri th~• i.wil st.,n~,rd ~~~orry iga,r cit•usa or sucV~ oiher cl ~~~so as the Alortgayee m~y req~~re, mo~~ng th~ iots under sa:J poli•
tics, cach a~d cvc~y, ~~iy~'.;!e to s~i:l ~V~C:GAG~L as its i.t~r,s; n~.;p a+,pcar, a~d racl~ .,r.d r:cry such {:o!~c~ s1:~11 be ~,roinNt:y assg~:rJ and d;livcrcd to
any held ?~y si:d 1~IORIGAC,fE .,s iurihcr s:~c.,i~!y to i~:d n:or~giye d~b~, and, n:,t !css th;~~ r~n (10} dsys i,i ad..~n.e o( tl:r ex{:iralion ul cath polity, to de- •
livet ~O Sa:J !.SOFTGAG:E reiie::.~t !!~:r,:~f, le:~r!he~ ~~~t{~ .i r~~Ce~~E?t Ipr Ih~~ r.~•miu~~i s~tl~ rtne.:Jl; :~r~~J Ih~ra: sl~all Le no I~r~ or ~vi~icistorin iniurdnte
Plated on any of sid bvilJ~nys. .;n~ in;•:icst ~hare~n or par~ ~herrof, u+iic-ss :n the !c~~n ancl »Jth tha iosi p.+ya'.:!e as ato~es~id; a,id in ~he event any sum
of money beco•nrs pay.+bt~ ~ndir s~ih poi~ty or pol~c~es s.+~d 1.50C(GAGEE shaii have tt~e opt~on ~o ~i>tcivc a~~d appty tl~a sam~ on acioun? of Ihe indcbt~ti-
ness ir.vred hc:cbr ur ~to ~,arm~t a~:J L10f:TG%.GORS ~o teccicc ai:d use it or any ;..t ti~atrof fr.r o:i~~v ~.ur} cse•s, v.;ti~o~~t ~I~ ~r~ ur cr ~•~~p~~ir•
ing ar.y ~-qu~ly, ~i~~i or ~ight undcr o~ by v~rtu:- of Ih~s mc~7ytg~~; and in tha ev~wi sa~d h50R1G~~GClRS sha!) {or an~ reaion (ail to keep tl~e s3~J pret:iis~s so
ins~rtd, or f.~i) to J~!~v~r pr~~n}»ly any cf s.+id puGcics o( insurance sa:d h'.°JR7i.AGlE, er t~:! {uomptly to pay iul~y any premii~m Iherefor or in any :
respcct faii to perforrn, .l:scha~<~e, excc~~~•. rlfec~, com,~ie+~_; co,~,piy ..v~~h a~d ab~de bf ih~s c~,-er~.~~,t, or any p.irt h,rrrof, said AIGRTGAGEE may place a~,d
pay (o~ wch insura~ue or a~~~Y part ~fti•~r<of ~tiithout ~vaivir.g or affccti~i~ any o;,t;an, I~e:i, cqu;ty, or ri_~ht undcr or bf virtue ot th~s I.tortgage, ar.d the ~
1u11 amovnt of ea:h ~n,! e~•~ry scch ~,aymc,u shi!1 Le i:nm~diafely dvc and p_.y.i!,:e and shali bear intenst tro~n th~ d~te IhercoE until p~[d at tlie rate ol ;
nir.? per cer:tum p~~r ar.num a,e<i •o_j:!h.•t v:;th s~,;h i~atcrrst sh.ili t~c s~~cur,~:i l.y li~.t !:e:n Gf th~s rnettgag=• - ;
~i. To perneit, eommit or suffer no viastc, in~~,airmcnt er dctar;or:;t;c:~ of s,~d pr. { crty ot any ~art lh~rcof. i
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5. To pay all and singular the costs, cfia~gca and eapens~~s, indu~'~~~~ a r~•:,son~b!r attomry's tee and ccs~s oi SbilraUs of title, incurred or paid at t
- .ny tin.e by sa~d AIGRIG~GEE, bet..use ar ~n ihe even,t of :he fa;~ur~ on ~h~~ p.jrt ol the said h10RTGAGOR to duty, pro~rp~;~~ and fully per(o~~n, d~siharge,
exe.ute, c(fect, cemptate, conpfy v:~ih and a;,;clr: hy c;~h ar.J e~,e;y rhe sti~;~la~~uns, agre~~r.tienfs, cond~tions, and covznants o( said promi;~v+y n~te :his
n~ortgage any or e~+hcr, ai;d sa d costs, char~es ar.d ~it}:ensts, each and every, sh~lt L~ intmediatety d~e and p3yaU!e; xhethzr ot r;:;7 the:r 6e notice da ,
mand, alre~npt lo colieu or svit pend~ny; and th~ tul~ amovnt uf each ~nd e~e+y svcn paymrm shail bes~ inte~esl irom the date th~reof unlil paid at the
~are e~ n~ne per cen~~n~ ~.~•r an~wai; a»d a~l s.~~J c~s;s, cn.~rges a~':ei . c, cns~:s inwrrcd cr ~:a~~, t~~~ther w~th iu<h interast, shall be secured by the lie~ of thls
morlg~ge. - - -
6. That (al in the e~•eM of any Lrea:h of tl:is ~1'orrgaga or default on th^ oa~t oi th~ A',ORIGAGOR, cr (b) in the event any o( sr:d sums oi :;,ney
herein referred ~o le not pro~~:ptly an<I fully ~~aid wnhi:~ th.rly i30) d.iys r,ext a1t~ r the sa~~ie severa!ty 6econic due and pa~dble, without demand o~ notice,
or (c) in thr event each and ev~r~r rhe shE~u'at~o>is, agreeme~vs, cor:drti~ni ancl covenams ot sa:d pro~nissory note and th~s mortgage any or e~ther are no!
~uly, pro:npUy ar,d t~i:~• p~^r(orni~o, d sci~ary•_J, exe;~t~d, ~ifc,!~d, co:n~~'eted, ce nri.~d ~t+th a~:d -ot;~ci~:J 51•, then in either or any such eveM !he sa~d ag- ~
- gregata swn menham=d in sa:d prom~sscry nae ~hcn re~nainir.y ur.pai:f_ v,ith inte:est ~;c _r~:ed, ond all moneys secured hereby, shall betome due and pay-
abte for~h,vith, or thcre~!r~~, thc epn~ ~ ~f s.~:ci t.:OR?G%+v.~, as fuii~ and .e.t~p!eieiy as ii atl o( thc sa~d sums oi money ~r•ere originally stipuiated
to be pa:d en wch d..y, a~:ything in s.e ci E::c~r,;ssnry rete er in th~i A~:;fT(~3)~~ tu tn~~ cu+~~rary ~iot.v~ihstanding; a~~J thereupon or thereafter at the option o(
said ~',OR7GAGE[, v:~~l.ovt no~:cc or ~rm~r.d, su~t a5 ~:3w or in c.;~~ty, ~lie~rfor.> or thefi.~~ttv bcgun, may be prosewted as if all rnoneys sewred hereby
h>d mafured pncr ro its insii~ur:on.
7. Thar Pn ihe e.••~:v th,;: n~ ti~_ b:<a:~n:ng or af an~ t~~:~e pe~•d[~•y en; su't u;:on th~s ~lortgsye, or_to fo•edose it, orlo reform it, or fo enforce
paymer.! of any ti.~:n» h;:~e~•nJ:r se~ ~:.l~i~T,ur•.v~E Shd~~ J('F~iy to tn:r Court h:,vir.3 ; r.sci::iion tiitrcof for the appo~ntment of a ReCeivet, Suth Court shall
Forfh~vi:h appoint u r~ =•_i:c•r of s~!:i m~ _t~::__•d s_r.~~. rtr ,~i! a~~ sir.~uiar, 1r.c:cd n~ ;;:i :,::d s:~:_~v~ar the ~ncome, Frof~ts, issues and revenues from whatever
scwce d~rived: e_::ii rnl ev,r~ ;,f •.ti~.;h, .t ..r;rg :-,l:ess:y und~•rs'~,.d. is k:c;cb~ n:o.~~:geJ ~s ii spcc~i~_ally set forth and described in the granting•and
' h36enda~i c;3ines hereof, ~r.d such 2e;~l;er st:,:; h~v;: a:! the b+osd aaci ei+ect:.~• fvr,ttcns .:nd pov:e:s i~~ anywise ent:usted by a Covr? to a Recoi~~r, and
s~_th appoin~inc+it sh~i1 ec~ n:~;~._ b~ sv:h Ccu:t .~s an .~J,~~7r:d eqvl~y and a rr.a~<<~r o' ,.__~:~~te r.'ght to said A'~ORIGAGEE, and vrithoui i~ference to the
ac3equacy ~r in3d~~quacy o? tha ~•a!ue ci tiie •,re,:erty n~o~ta~,ed or to ti~:~ s~..r~~c; ;•:ency of sa~d t,10RPGAGOR or Ihe defendants, and thal such ~
rems, profits, in~on:e, issues anJ revenues sE,~li be ~pY',icJ u~ suci~ Recaiver ac~crd ~~a w the lien or equ~ty of said 1.10RiGAGEE and the practice of such
Court.
8. To duly, prcn•pi:y a~id fe,L'y ~~:_rform, dls;},3rQe, ex~cu~e, eifeC, cc~'.,~;rte, cer::;,'~ wi~h and ab~de by each and every the st7pvlatlons, agreements,
cor.d~tions and ecvenan!s :n s;:J pro:n~sscr~ ~:e!c "~e :n:s m~;ry-.iqc s_•r fortn.
9. TF.at in the etie:~t th.~ o:mersh~~, of t!:e ,,i~:;y;g_d pre•~~~s=-s,'c~ any ~3it Ihere:oF, 6•~com-~s vested in e Ferson other than tF.e h10RTGAGOR, ihe -
I.10R7G;GE:, irs su.c~•ss-r. a.~:! ~:ss~_ar~s,-rt:.a~. ..;:~,~_t nc~+ce :o iha !::04TGAOC, drs~ :.,tf~ s~ih successor or successo: in imerest ~vith reference to this
' mo•tg;~.: ard the ~_~t hcr~by <_rc~r_~ i:i ti+c ~e tH.lt:r.~,• 35 '..::Il ".1or.~agc~ v.~thavt i~=any •.vay vitSaling or d~scharging the Llcrtgagors' lia6ilily here-
u:d~r or ~~een ~h~ d•;ht hcreL~r s;cur:~;. :`;o of ;i,e ;-:en:ses h~vc•%~y rr.e:tg~q~d arcl no (orbearan~z on ~he ~art of the 1:10~:GAGEE or ~:s wccessors
or ass~gn; ~r:d np ex+rrs~o~ ef ri~_• t:rn,• i._.• fh~: ~;.~;r.ent o! r':_ debt };c;et,y sc•cu:eJ g~~im b~ the N,ORTGAGEE or ~ts successors or assigns, Shall operate
. ro re~ease, d~siharge, mod~fy c%~a~,ge cr a;icU the o~:_~;n~: i'sE,:i~~y of ~h~~ R;U4TG:GOR here~n, cither in vrhole or in part.
1~_ It ii seeufi~,ll~ ;or~_.d rF;3~ ~;:n~ cf t}~= ~sse~~ce of ;his conf:au ~~nd tnat no ~vaitier o( any obtigation hereunder or of the oblig~tion se-
cured hare6y si~aii at any tir.:c- th- r_=af;er b~ he'J t~ b_ a~v.,ive; cf t}~e !~rrt~s F~ereof er of ~hz i~:strume~l secured herby.
11. Ir ;,ei_i.t c.~ io ine t^ egc ,,_i ..,;r.:sn'i : aym_+~rs :,r p.;, r~n.s!'ar•d i~vc~•_st eequ;reJ by the prov::ssery ro~e eecured hereb'f, martgagor tovenanfs
and agrtes to ~~~y +o ~-•o-~q,cce~v:i;h ~ach ,,;o.;•fr'y s:+;:,~c-nt . adc!e :on~1 su•n ezt;,,,a!ed b~ ~nCtTq39c'2 1~ be eqwl to 1 i l2 of the annual cost of the follov~- .
in7: - , _ . . . . - - _
A-A!! rea{ prop~rty ta~,as ie;~e: cr ar>_ssed_aysirst th.~ aco,r de~r+~,•d real estate. ~ T
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_ $-Ftart:~;;~>~s e^ f~re and •,.,:~ds:~r:~~ irucra•:e ,•s i;t;c~n rcq~~;+ed to be carrird cn iFe im~.rov~me~ts :ituate or. ihe aL~vc'd^~Ui~ed pieritis65.~• t-
C-Pre•:-I_„-:s c~ ~.:•_h ..,~t~~g~~ g::ar;~i'~ ir5_~:_rfC ~S rr.ai~ag_'= shsll fro~r. f:n:e to t;,ne deem fit to ea~r on the t.;a . " ~
` ~ Y p•secur,d,heiebi~ - ~
~r~~ 4
1.'.ortgay_c sh~%? :im.:, to t;-•~c no?~fy m~rr~Lge. ;n v.ri;~ng of tn> a•:o_~t du_ and p,~yable hereundar and soc`~ sum aha(! thereupon li~'~de=artd
Fayaule o~ the uve da±e ci t?:e n•_Yt :~;ant4;y ;:aym,.~:,t a::d e;:c~~ suco~ss~ve mo~,h ~k~e•eaft:r ur.til mcrtga~ee sh3H noe:Cy inorfzt~gqr of a'thange'in~peh
zc:o~~nr. Such su~~:s s~*.-=~+ i;e a~,,'vFd 't:y mcr.•~a:,e *c.~a:d the f~a•,rt.ent of re~i property taxes, i~suranc~ prem:vms, iod mo~tga,Fd~e~'~vat~nly :iri;u~jpnce
' ~ C '!'.,i i;:.
_ p•e~•iv,~,g , ~ - J - ~ - ' t~'ji ? - _ ~ .
t:'+ ':lITP3ESS ::t{:~EpF, thc• s:3:d N,OR~C>=.:,GS F:as h~re.~~~to set his hsr.d and sea! the day and Year first afores~id: ; ~ -
Signed,~5ea!ed a:d deGv~• ~d in the presence o~: BEDIC.~iMAf~E~Lp~STRUCT X'; !~3'~~ORATED
~ - - - - t ~:i: - • ;~ti~i ci~ ~t BY! l - " ~ ~j '~.~~~e`i~'•~f-(~enl)
- ~ - C'%~!!?~-_t.~~ - _ Bt 'O Ca_ °SA~fh' ~ai)
j ~.~.~~5~1~~. ` - - ~ `~.Y
~.~ATTBSTS ~~~f'. ~t /""~;~Ic - . (Seaq -
- _ ' - ~ G. B. Hu~chinson, Secretary ~~Di~ '
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M~ Z~ iI 38 ~'t3-- - - -
STATE OF FLORIDA COUNTY OF ST. LUCIE
~
I HEREBY CERTIFY, That on this ~-day of_~ Ma , A. D. lq~=, ~
before me personally appeared Vernns.-Bhine~ith and _~'i.~.. ~ ~
N~ t~h±nsen _
. {
respettively _ President and - Secretary of ~
F_ ~enchmatk Construction Canpany~ Incorpor~ted, a_~'lorida Corporatlon,.,toin~ ~
__..r.-~~~> ~
` known to be the persans described in and who executed ihe foregoing instrument and severally acknowtedg_ed thi ~ze=
cution thereof to be their free ad and deed as such officers for the uses and purposes therein menti `~nd that t~~y ~
affer.ed thereto the official seal of said corporation, and the sai~ instrument is the act and deed ~o'~ ~raid corporatk~ri.~ _
,
` WITNESS my hand and official seal at Fort Pierce •t--_~~-~- said county and state: F~ ~
E This instncment pre pared b y ~ - ~ J` 5' ~
. ~ ~o c. ' r ~
~ Gary _F. Ellaood - 'a~,:z r~~~
c:~ c9-i~_
" Pirst Federal Savings and Loan Notary Public, in and for ~Q a~d County aforesa_id.~'-
M Commission Ex ires: ry 51°r`-' cf Fl~rj~a e~ ~arge '
Assoc3ation of Port Pierce, Fia, Y p M,
- - Bonacd i, ~ ~ f.'v. <J, 1977 ~
. - _ _ 7 s;.:._r.._., ~r:~: t ~
- - - ~ ca:~:,;sy ca,,
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~ Checked By ~ - : _ - `
a
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~ - - ~ - Boox2~3y Pacf2~39 - #
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