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3. To place a»d tont~nuousiy leep on N~a bui;d~~:~s iio.v o~ h•~•-ah~~r e~rva~e en s:~id lairl and on ai~ rq.iy~~nem ac;~ persona!ly co•.er~d b~ tiiis mo~lg.
' age. ,v;th ill preni~u'ns thrrcon pa d in ful~, firc I115J(deltc ul ~ha us:s! sr<n~:lard ~>a';t/ i~rin, in a::~m aF:prwe:~ l! thr t.1GRii~AGfE. and w~nde~oro~
! insurance in ~ha ususl s~ancl.vd poLty to~~n, ~a a w~n a~>p~osrd t,y iho 1,10CTGAGff. ~n such cum{~~ny or ce~~~,»n:es as ~he 1,',ORiGAGEE may
direc?; and all fire anJ w;ndatorm insvr~nc~ F,oGc~i~s on any of sa~J-Lu~ld:ngs, any inta~~st th:roin ur part thzrrof, in the a99rcg~t~ sum aforesaid or .
in exceis ~her~o(, shsll :ont.;in ~he ~swl s~a.~dard ~noreysgee N~use or w:h other ~i.,~,se• 45 ihe l.!cr~~7a~ee may ~equ~re, m~Aing ~hv l~ss unc3~~ sncd poli-
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t~es, eacl~ and evcry. ps;:,b'e Ip said ',t~~2Ti;:'1GEf :~s ~IS int~v~st ir.ay appe,lr, .3nci oach o~:J eveiy e_ch p~!;ct nli~li i~c prort:p~.y ass gn~c: and d~liv~~red ~o
any hel~i 6y s~iJ h1i~F1G4GEE as fu:ih~_r secur~ty io si~d n,o~i~agr d•bt, a,~d, nof J~•ss ~{:an ren ZIJ) da,s in adr~nce oi tha expirat~en oi e~ch po::cy, io dr-
liver lo sa:d A10RTGAGEE ~ renew.jl thcreof, ~~~;3c~her v.~th a~cce~{il ior Ih~_ pr~':n~urn ef suth rencJ:a(; a~~d there sh3!1 L•~ no fire or winds~c+m ins~rance
plated on any of said buiid~~~gs, any interest ~he~e~n or ~,art tharroi,'un4ss in the icrm cnd ~v;th If~e iuss pa~ai~tc as aforesa~:i; and in thu event any sum
of money t:ecomes pa~ab!a unJar si,ch po1~.y or poi:ties s~~:i :".UkiGA<,EE sha!I hava ~he opt~on to re~•~w~ and apE.ly ihe same on attouni o! ~he ind~F~ted•
ness secu:rc? hcrtby o~ t~ pcrmit sa~d /,40RiG.AGUR~ Ic rcccivc ar.d usc it or ~n f ~,.ut tl~cmof for o;h..r F.~rr~srs. tiv:~i~c~t thr; t~~ ;.~;v~~+~ ~n,t~air• •
, inc~ any equ~ty, lien er ri,7ht under or by virtuc of th;s n:crrgag_; and in tha event sa d~11O~iGAGORS shail Eor any rcason fail to kcep tl~e said premisas so
~ inswed, qr fail to d~~G~er p~omptly any oi s.;id ~~ol;c~rs cf insu~ance to sa~d h10R]GAGEE, er t~ii ~~:omptly to pay fully any premi~~n therefor er in any •
f respecl fail to prrfo:in, d:tcha~qe, execut~, efte,~, con~p:rt~, co ~~piy tiviin and af,:de t~y tit~s co~~enant, or any N.+7t hareo(, .ai.! rdi~RTGaGEE may p;ac~ a;,d
pay (or s~ch insur.~nce ~r any part the:cof v;nhoul ~vaiviny or a(fecting any oFt;on, ;;~n, eq~~t~r, or r~~ht undc~ or b~ virtue of th:s A1ert~age, anJ the
[ fu1) amaunt of each and e~ery su:h ~»~•rnent sh~11 !:e u„mediatel•,• d,e and payat;±•_ r„~d shal! bear int~rest frem th~ datc ther4of ui:til p.:id at the rate ol
' ' nine per ceni~:n per annum ~nd to,7rti~a• ~~~~h su:h intd'rt! sh.iN :.r srcur~-d hy the i:c;~ oi th~s rcortc~age.
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~ 4. TO permit, eoin~~il o! s~~fcr no ~iai!~~, irn~»irn.ent or clet~riora!;C~i ~f Sai~1 ~~~c~~~~rly of dny parl therCOf.
. 5. To pay all and singul~r rha ccsts, charges and expenses, inciud~ny a rea;onab;e attorney's (ee and cos~s of aF.strads of titte, inwned or p3id at
any ti~r.r by szid h'VR?G.4G~F, Iccavse et in the event oi I'~e f~ilcre on th~• part ef Ihe sa:c; ~.SpRTGAGOR to duly, pro~i•ptly and fu11y per(orm, d~scharge,
~ execute, effect, com~,tetc, conp!y H~th and at~:da 6y e:~ch an~ tveiy ~he st~pu!~Nons, agree~,~ems, conditions, ar.d covenants of said p:oniissory note and ~h~i
mortgage any or eitlier, a:,d sa il costs, thar~es ~~nd expenses, each a~uJ every, sha~l bd immedi3lEiy due and -payabte; N•hether or not the~e be notice d~
mand,`attz~npt ro cot~c•ct o: w;t pend,ng; a~~d ~ha fv+l amoun~ of each and eve~y such paymen~ shatl bea~ interest fronl the date there~f ~ntil paid at the '
rare o: n~ne i:er centv~n E:t: ,:nnu:,r a:ic ail sa;u i~~s!s, ch.~:ges and ~..pcrs~s i~~r,:rr~d or F:aid. Icye~hcr w~th such interest, shali be securrd by the lien of th;s
mortgage. -
b. That (a) in tha event of any braach of this ~~Acrtg~ge or CI@f3U~f A~7 th~ part of th< A'.ORTGAG~R, or (b) in the event any oF saFd sums of money
herein referred ~o Le not promptly and fulfy pa~~ w~thin Ih:tty ~30) d.jys next a~ier ii~e seme secera:~y become due anJ payable, without demand or noticc,
or (c) in the ever.• each and ev~ry the st;pviat~o:u, agreements, cond~tions ar;d tovenan~s of sa d pro:nissory note and th~s moitgage any or either are nol
july, p~omptly and f~lly pe~iorrne:i. d.~ci~ary~~d, e.ce:ut~ d, ~ffec~ed, ce~:,F~;eted, ca'i;~l~cd w~lh and a!~~ded hy, then in e~ther e~ any such eveN the said ag•
gre9ate wm memioned s~~d pron+issory nete then remain~n~ i~r.j~aid, ~vith intrre;i ac:rue~, and a11 mOnCyS secured hereUy, shall become due and pay-
ab!e fortii.vith, or therea±trr, af the opTioi c' ~:;:J h.ORiGAGEE, as f~lty a~:ci co~r,pierely as i1 all of the said sums oF money were onginally st~pulated _
, to he pa:d on such d~~, any:h~ng in s3 pro~r,:sscry ~~ote o; in t!,is ~4ortgag;~ eo th~ co~~~.ary not.vi~hs~a~:d~ng; and thereupon or Ihcreaher at the option ot
said MIORTGi~GEE, v.i~F•out rot;ce o. de~nar.d, s,rt a~ la•,v or in equ~ty, ~hetefoie o: tl;ercaiter beyun, may be prosecuted as ~f all moneys secured hereby
had matured pricr to iiz inst~tvtlon.
7. That in !!,e event that at fh: F.rg;rening ~,f or at any t~~r,e pend~r:~ ar:y s~~t u,~on this 4'•ortgage, or Io foredose it, or to ~eform it, or fo enforce
- payrnent of any c~a:n•:s har~un~_r, said ;.:GRTGN~t: 5h;;: _,~pt~ io ti~c Co~rt hav~ny juri;ci:ct;on tl:ereof ior th~ appo~ntmeM of a Rat~ivcr, such Cou~t shail
; forthr:i~h apF:.oint a ~.~;e,.cr of s:~~d :r.c•t.:aj~:~ ~,r:,y.e~ty a'.: and :ir.gv'ar, ir::,,;:~r.g o:! ,r.ci s~ngutar the income. Prof~IS, issues ar.d revanuei frem whatever
i sewce .?erived, e;t~ an:! ev~ry of v:i~ i~. ~~:•i~•g ...~::ess'y ~•:tdE•:5!CO:r. ~1 hrr_~; ~~.cst3a~ed as if spetYitally set for~h and jlescribed in the granting and
habendum c!auses hereof, zr.d s~~ch Rcce~.:r s?:a'! hc:•_• a;; t)~> b:oa~ a~~d i~~:ec~i.c iur:ct ens a~id pov:e:s in anywise entruste~ by a Covrt to a Receiver, and
; wch appointment shai~ b~~ n~,3de~ by se,ch Ce~rt as an ad•ni~r_-:3 E~~_;:p ,i~~d ~::~31r~r of ;±sot~te t:ght to said A50RTGAGEE, and ~nithout reference lo the
adeqvacy e~ inadequacy of ih~~ va1~e c,f th~ pro, erty rncr~,~.,~;d e; tc ti~_~ so..e:~:! ir.:c:vency of sald IdORJGAGOR or Ihe dztendant:, and that such
rents, p:oi~rs, income, issues and rr~;rnues sn~1t be aF;?:~e.f Ly su~h P,ec•_;ver ac~_~~ci ~ g'~o ~he tien or equity o! said /ItORTGAGEf and the pracr;ce of such
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9. To d~ty, p;cmF:t:y and fully ~;griotm, di;c!~arg~, exec:,?e, effeU, co~n;'cte, <o:~.p1y w'th and abide by each and every the st;pulations, agreemeNs,
conditions and eovenants ~n a~~d promissor f r.ot•: a~:d th;s tn~r!ga~e sei forlh. _
, 9. Thaf in the ev_nt rhn Ov:nErsh~p of ~he n~o~tgaged F~r=n.~s~s, cr eny part th:reof, becomes vested in a person oth?r than the h50RTGAGOR, the
• A".OR~GAGFt, its successors ar.d ass:_z~s, ma„ ~v'aho„t r.ot:ce ro the ;',Qk?G.•p2, dca; ~Y;;h such succ~ssor o~ successor in im<rest vrith ~e(erence to th~s -
~nort2age ar.d tn= d_bt hereby i•~cu~ed in the sarri_ r:~~~r,t•r as v::ih ,tilort~~; ~.vithout in any ~vay vifiating or discharging the 1.lortgagors liability herz-
under or upon the deot hereb~ SECV(E'J. ~~J s~:e o( t!e~ E ri:,~~~_s hcret~y mortga~._~d ar.d no forbearance on ihe part of the /AORiGAGEE or its successors
or assigns ar,d no extens;on of the t;:n~ #.=r the p.~ym~~,~rt of ihe d-~b! h~•rrb~ secured glven by Ihe htpRTGAGEE or irs succeuors or ass~gns, a~~aN operate
~ fo re?~ase, c}~scharye, mcK!~fy ~hange or affect tt~~ o:~~;r;' lia~;i;ry oi tna tl.ORTGAGOk iicre~n, either in ~shole or in part.
lU. N is seec~ficaliy ,grezd thaf fim~ is of tk-: essence ef this co~~tract ard that no v:ai+er of any obGgat~on hereunder or of the obligatipn se-
tured h~•rehy sha!i at any tin~e th~reaiter be h~:d ro b!, a v:aivc; cf the terrr.s h?reof or pf fhc instrumenl secured herby. '
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I t. In a,f:l:t;a.~ '.o th~ ferc, cl;z .,:o;i+;,': rc~t :equi:~d by ±he prom:s>cry no~e secured hereb/_ mortgagor covenants
and ag.ees to ray ro mo-tgac~_ :•:itF, ~ach ;nc~,!h'y p3;::.,.m an ed~,rie,~al w•~: est:~:~scd h; mortgagee to be eq~al to 1 f12 of the annual cost of the folfow-
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- A-r~4; reat prop~rl~• ta,cas le:~ed er ass~ss^d og ~inst tnc at;a~~e de>cr,
;ed real esrase. . . -
_ - 6--pr,,~n;~~~:~s c:~ !~r.~ ar;d ~.:;ndstor~~, :n~
~rar:e a; i:e;.~fn reqv;re:~ to be ce+r,~~d c,~ tt~e ;~nprov~me~ts s~tuate on the above describ~tJ'pr~?riis@S. .
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C--Prer.,; ,:r~s on svch r:pr}~;~~ i;~,3_a .ty icsv~d~.ce es n:rty~gec sha;{ fron: t:n;e to t~me deem fit to carry on the loan _SeufQd herehy:-, 1;
1:ortg~q~e s%~~:! f~ ~n t~-ne to t;. ~e not~f; mc~~~„c~r :n •r.rit~r.g of~ th~ arr.o_ ~t dve a~d payable hereundar and s~ch svm skal~ ~{~reupoA be dUe ati¢ .
- p3/aoie on the c;~~~ ci~re or tn~ i;ext ^.:a~t%::', ~.~y+~~~~,it an:J t~;h successi~~e :rc+•~;}i ?l:er~aft~r untii mortg~gee shall notify m_,t~{agor of a-ehange in sixFY.'
- ameunt. S~ch w~r.s ~1•a!t fze 3e~:icd t,y mo+tJ.,~.re !o-::ard the pa;n:ent of reai property laxes, insuranc< precn;ums, and ^.iortsa¢e';~ gv~[anty , ir~surofic:: .
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. I'J ~'~tII~:ESS ':~NEF.EGF, the sa:d tl,OR7GAGOR has h~:reunto set his hard a~d seal the day and year first aforesaid.~
Signed, Saaled and-d~live=ed in the p-esence of: $$j~{ '~jt j p~,ATED
- jli_EC ;,ti`_~ G •:DED ~T. i
- - - - - ~ - - ",~T. .I .1~iT'! FLA. ~BY: ~ ~G~,- : ~ , 'r.
~:(=r: ~~~i
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_f~--ij---~-- Ri ~ A~ESTi ~ / /i~.j'"i 1,!f- - , ~y (Seaq
. ~ . • - . • ~ rr.cic~ -
~ V• n~~ [7C{LGn nson, ecrefary -
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~e11 ' ( 39 ~i l 71 J - - - - . ea -
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STATE OF FCORIDA COUNTY OF ST. LUCIE VV9~~~.
1 HEREBY CERTIFY, That on this c~ay of- May , A. D. 19~_,
before me personally appeared v~rnon C. Rhinesmith and G•v-$. Iiutchinson
respectively President and - Secretary ~ , of -
Benchmark Construction Caapany~ IncoZ~4rated, a Fiorida Corporation, to me =
, known to be the persons described in and who executed the foregoing instrurnent and severally a~knbwledged the exe-
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cution th~reof to be their free.act and deed as such officers for the uses and purposes there~n•.rrienfioned; and that they
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affixed thereto the official seal of said corporation, and the said instrument is the 'act_~ and deed _iSf said corporation. ' +
WITNESS my hand and official seal at Fort Pierce •~--~~C • C , sa~d tountyand statei.z;- " ' ~
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This instrument preparr.: by ~ ~ ~ ' '
. ~'?~..~-~-5~~~ c~'~-:~ -~i`l
~ - ~,'~5~-~--,- ~
= Gary F. Ellxood
- First Federal Savings and Loan - Notary Public, in and for Sta~~ atnl:Covn~y-•aforesaid. -
_ My Commission Expi4tt5~'~' P~ti~,sio?~.~o~-Rortda ct Lar~ ~
Association of Fort__Fierce~ Pla. c-:.-l~~~~'~, ;.~~o, i9» `
_ ~ _ - _ c ~:sy Co. e
VI / VI I t Ia=1t~,. -
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' Checked 8y " _ . ` - .
~ . - 8oox 239 Pa~~294~. - ~ .
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