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~Ue 3 1~ p!aca end c~:v~nvo..sly krep on thc bv~iJ~ng± nwv or hrreatrer siturte on a.,:~i la~~d ar.;! en at~ equi~sn,ent and penonetly coaered by ~his mortg•
~~~syr,~~''t~ ~`I prC:t+iums ~f.~~rio~~ p~.d ~n fuft, hre intv~.incr ~n ~he usu~l ~ea,:J+±d E~oliey fi~tm, in a;u:n ep.proved by Ihe MOR(vAGE[. ar:tl WindSlarnl
- ~~rf~~ in ~ho uwal sianda~d pol~c{ fam, in a a~m appra:ed Ly t~~ h•.JR'GAGE1, in ~uch compar.y o~ con:panies as ~hn MORTGAGEE may • ~
t~ °1d .11 (ire acd vnnJslUnn inwra:~ce F:ot~:;es on any of s..`:d tv~itJ~nys, an/ inter~st the~ein ~r pa~t the~eoi, in !he aggregite sum aforesaid or -
c;a~ ~'es~ iy~~J~~ sF,~~~ ;.?n~3~n thc usua! sundai:l mortgagee ctause w svch oiher ciauie as Iha Alortua~ae may requ~re, making Ihe ioas w~drr sa~d poli- -
d'~?~~h ;`h ,~nd ~~~ery ~~i=~:e fo siiJ A1~~a21GAGfE as ~is intcr~st may ep},c~r, .~nd raci, :in:1 e~•er~~ ivch po'icy shall br p~omptly ass9neJ and dafvered to ~
A~a,- sby S~;_~ ,1tpRIG.4GEE as (u~the~ s:curity ~ sa~d martgage Jcbt, 3r;(I, lt~P i~f! than ~en ~It~) days in .:Jva~xe of the expiration of each pol~cy, to de• • -
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~C~n 1 MpPIG~GiE a renewet Iher~of, to~c~hcr with a receipl for the pre.m~m of such renev.al; and there shall be no fre or,windsto~m insurance
~f Mp~ s~~ y c i s r J b u d~ n g s, a n y i n t a ~ e s l I n~. r e i n u r p a r ~ t h e r e o f, e:!; s s ~n f o nn a n d ~vi i fi t h e t o s s {
z ay a b!e .
l s a l o r e s a i d; a n d ~n t h e ~ v e n t a n y sum ' f
he3S tr ~`:o~,ts pt~y~b'e ander wch policy o~ pul~cics sa;d tAORTGAGEE :~-~i1 havQ Iha opt~on to ~e<eive and apply the sa~ne On atcounl of the indeoted-
ing ~,~~~~~~'U hC•ei.~ N perniA s~id 1.10fiTGAGORS ro t~crive and ~se it Ot ~ny ~>art ti~~v~o( for oti~c~ Nur~,cses, ~'.i~ho~t th_r~i~: w~i.i:~7 cr mipair- ' •
" tnit;~ei ~9~~Iy' L`n ct ri~ht undcr or by virwa of this mor'ga9e; and in the ev. nt sasd A10R1GAGORS sh~li for any ?e~son fail fo ktep the s:':! premises so ~ 1
~,pa ~`e~~•ia 1~~,il~.z fo•'myd::cc,,rgallex'cwef rl(e tp~~c `seof co~~ pty~wi h anid abOcl~i byGl~s covzn,an~,ror~ a~n~ p~r1~ htreoiy s
id t GRTGAGf~Ef may place and i'~ `
y f°'~ z~c~ ~nsui.~rce or any prrt thereef w~rho~t waiv7+~g or afle.ting ar,i out:n~~, lien, equi~y, er right under or by virt~e of thit hlo~tga~a, and the
. :Ful) at,o~~~~ P3th and c:ery svch F»~;r+a~~t shall be immediate~y due ar.ci Fkyabl•~ and shal! hear interesl from th3 datu shereof unlil p~id at the rate ot ' ~
~i~•e .
1 te~:vm Fi•r :i.•;um 3e;1 ~o~~•~hei ~tith wch in!erest shali 6~ s~~~red I~i tF:~ tirn of ~h~s mo~tgagc. ~
d. To ~~t~mit, r<nu^.~it sufl.~r i;O \VdSfC~ impairment o~ detrricraticn o~ said p;cp.rt~r or any pu! ~hereaf. '
5. io p.~ f ~id sing~ta~ the cos~s, charges and expensrs, includ<~~g a ~,asonable a~~o~ney's fee and costa ot abstratls of tit(a, inc~rred or paid at S
~~y ~°r'= ~Y srtl AlG{.I~AG'.E, becouse or in the event of the fa~iure on :h.~ part of ~he s::;d h50RTGAGOR to duly, promptly and futty perform, d~scharge. ~
axec,~re, effet;, a:..1~pt:t~, cnn:ply w~ih and ab:de by each and every tha st~p~!ahons, agreements, conJ~tions, and covenants of sa;d pro:nissory note and this ~
"~"'~4d3~ en~ or e~r'r-rr, ar~d sa:d cosrs, charges as~d expensLS, each and ever~, shaH be irnmediatety due and payable; whElher ot not fhere be notice da ~
~°"'q• ~1fe'~~p~ ~u co'~rct or wit pe~~d•n~; ;:~d ttu: Iu11 amnunt ei cach a~u! ev~ry such paymero shall bear interest from ~he date thereof until paid al the ~
r,:'= r~ne ~~e: :;~i;rn Fe: arn,~:,, anU ~tE s~id cos!s, cna:~~s an:i car.e~u~s iocu;red or FaiJ, tcqetl~er :v~lh suth enterast, shal) be sewred by'the lien oi this i
m'x~9~ge. i
4, TFat (31 in th+ event of any breith of Ih;s Mo-lgage or defau~~ a~ th~ p~rt o( tho h101:TGAGOR, or (b) in the event any of said sums of money
hc:ain rNfe~rccl ra Ea r.ot pro,r:~at~y ar.d tvlly pjid v+ithin thiriy (3~~ days r.ext a~t•.r ~F~c same severaily betome due and payable, without demand o~ notite, ~
°f +hr e~enr eacii ar,d e~ery the sripvlar;ons, agrcemenfs, cer.ditio:~s and wven~n~s of sa:d promissory note and th~s mo~~gage any or either are not
jv1r. F:ro~~ :t~y an,! ?i.:ly perlum.rJ. ;i sd~arged. axecur~d, csfec~ed, co~nr:~eted, ce•nF:f:ed v.~~h and aLici•~d 5y. then in e;ther or any such event the said ag• -
' ~'~:j'~' sun merti:;:~ed ;n sa•d prom+:sory r~ot~ ~iu:~ remaining unpaid, with inrera,t ~~aurd, and ail mone~s secured hereby, shall become due and pay- '
~~~~~h+~~:n. ,~r t icre3{:_=~, at iha onf~an of s..~d t~IOQIG.IGEE, as fu~Ey ar.J compic~~ ty as if all of ~h~ s~id sums of money were or~ginatly St~pulat.•d
P~•d en s~ch o•:y. ;n~•;hirg in se.d pro•r~ssory note or in ~his l.4ortgs~c !u th: tonvary ~:otwithstand~ng; and thcrcupon or thereaiter at the oplion of
~~~RiGAGcE, r::ehovt r.ar~ce or den:ani, s~~t at la~r. or 7n eqwty, nc~reiv~e o~ tt:ertaf~~r ber~~n, n:ay be prosecuted es if all moneys secured hereby
l~z'~i ~^~~unb or~~~r la ~ts ins~i`ution.
% 1{~r,t d^ e~ert !l±at af th~ Erginn'n3 ~f ot at any ti~~~_ per,dir•g any su~! ~i~oi~ tl~is hlortgage, or to.foreclose it, or b re(om it, or to enfor~e
~a""^~~i o~ arr; ;Is:.rs }~~re~:,der, s:~d r.`JRiG:~Gi.~ shaft ;:p~;~; to th~ Co~~r~ l~a.6~g ~~~r~sd;cr'on ~hereof fo~ the appointment of a ReceivAr, such Courl shafl ~
Frr•',,.~.:tn .'~:F:.cint ~ i:er :.i srd :r.a.~~.3. ~ , • ~ '
-e + c,:cp~rt~ ~;i end s:ngu'ar, incFud ng a!+ ::nd s~yu~ar the ir.tome, prof~ts, issues and revenues from wh;tever
s"~ ~c ~',:•~~c:l, ~.,:%i ar.~? _•.•~ry o! v:1.'c i~ cr:::y cxp~css:y U::CjSrS!GOf~, i3 F:ercby ~:,or~g~3rd as if spec~tital;y set fo~th and described in the granting and
~ cia ~s~s Fcr;o?, ar<t 5_•cn Ri~ce~~+rr shsti hyv~ a;! the b~S~d ano eiiect:v;• iur.c: o:u and pov~ers in anywise entrusted by a Courl to a Receiver, and .
sl"-~ 't,r-ciafine:.~ sh~~~ Le n:adz by a:::h Cc;nt as ao ~d•n~tt~~d eqv+'~.ard a!te~r c{ abso:~~te right ro said MORiGAGEE, and without referente to the
~"'':'-'+~Y ir«~..~cy of the valur of ti:_ uroperly rr.artgayed ur te 1h~• so.~•enc~ er :rtsoivency of .said MORiGRGOR or fhe delendants, and that such )
~e^•~~• (•rafrs, i^cu~::, ;ssu:-s and r~:ver.ces shai: he a,plied by such Retc~•+er accv~ci::~g t~ the lien or equity of said 1~50RTGAGEE and the praclice of wch i
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A. To dv~y, pro•-p~fy aad (u!iy pe*fa~m, d~scharge, er.ecute, effect, com, tet~, cernpt~ ~•:i!h and abide by each and every the stiputations, agreemenfs,
_~1~~1::i: y.;d tov:r.anii r.t-es~ pro~~issory r,CtC ar:d t~~z m=;tga3e St-! fo.'th. -
• S'• i~at in ih~ ~r_r.; ;E~.: ovmersh~,. of nc~ m~rtga_ed prer.,is~s, or an~ ~~art thereot, Lecomes vested in a person olher than the h10RTGAGOR, the ;
Mf R*~ ~ ~
, ~ ~~Gt~, i9s s:;:c-.a,~s ar.d as~~~ns, ~ray, .~;fho~: nonce to li-e 1:.CRTGF.O~t, dro~ •r.:~n <_uch sutcessor or succesior in interest with reference to this
~^ti'+j~ge ard ~h~ dett tcr~by secured in the sa:~~a mann~r as ~xitF !'~!ortg3gpr ~r;~1F~out in ar,y ~yay vit;ating or d~scha~ging the 1llortgagors' liability her~ -
vn.',>: ~r v•on r},,. hereb/ seacrd. f~o s~~~ of ri,~ ~_ren:~se; }~ereb~ mrrtg=~ed a^d r,o to~tearance on Ihe pan of the ?:104TGAGEE or its successors
. ass; :ns and no eatens~o:i ::f tF-e rit,~e for the rayrr;~n~ of !he debt h~rc: q setvred given by Ihe 1`,10RTGAGEE or its s~ccessors or assigns, aha(1 opetate , _
~o ~e'e..=: c!_ccharae. ~::..tirty t1 ~r:~c. or aiiect fI1;? Oriyin3l IiZ;7:i't~ o( the tl.ORTGAGOR }:erein, eifher in x•hole or in part. ~
'.C It is zr_~c!iae:;~ aa•,_ed th;t r;,;,e i; oi th-: essence o1 t}:~s contract and that no waiver oi any obfigation hereunder or of the obligation se-
~t~'~d t`.:EDJ s?~~:: ai an; !i:::, t~~er~;fter c~ hc!J to bc a wai.•~r u.' th~ 1e:rns here~f cr of thc instrv~neN secu~ed herby. -
: ? l:-y:n, .,1 ard i::
~ ~ 1. in a;i ~;:c-, ~o tFe Eer.;_e'r o~:ntt:~ : nrz of ferez! ~equ~rcd by the prom:sson• no!e secured hereb~, mortgagor eovenants '
p.,~ ~;_~~e ...~:h ea:.: _ 1
- 3r•~ ~:,•,=es to to r:o-t_ ~ h:y ~,,,,.:r,:f an ..c..i,+ic•~=! s:~~~ zs:~- arcci br r~artgagee ro be equ~l to 1 i 12 of fhe vnnua! cost of tbe follow- j
~is~.~: _
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. - -:at! r~ai F r:r._r:r tae_3 'ev~•_ ~ o~ aSSncSnri ag::; •s~ f'r._ ~~ore de~tr;~~d re_=.I e=taie.' ' , ~ :~l' 1ti - ~
= s•:~.:~.u~:~s ~.l arti ti•:~r:ris•._•r~: ,r.sllr~;rc~ ~s :~^ce:~n r:~~•~~rc:~ tp o~_ carrird cn th:.- in~~:rov°~nents sifuat~ on t~le abpvc d4SCrt -
J '~~=l~g~+i3e{~f~' ~
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ti-Pre:n~~u: s en r.;o~•~-ge g;;ar>;,;~ ir.s~~;a~.ce as inor:gag.,~ s+~~'i fro^: t~r.•e to ti~r.e dcem (it to carry on the ban secule2~:pvrFby. -'.!"J~ . _
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. _ ~!~-~g~g..~ s^s'( °r-~n ti•;..• tb t:...c r f~ n~~r 1a3o v~•iring of th~ ac•o~~r d;;e and payablr h.ereund=r and svch su~n sh3N tJteteuf»n i.a dil~~.
ha an th~ ;1 n.•_ of r.ext ::,ont~,.r pay,crn• ar.d eac~, suttesc;ve mcoth tnereaft~r ur,til mortgagee sha!! notify ror~a~Q~o# b ciiange in sei~~- t
R.~ rr. 5~.'~ s~ s~ 3:; ~^a at~;~!icd' by mc•rtga~-,e ;o:. a•d the payment of re.~l pr~perty taxes, insvran~~ pre^•:.UTS, and rr~ertg~ gvara~ly in~y~{Ci~}
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- p e. :::ms. - . ' . . z t,a~ ~ c> : : - .
_ tN Yli7;:E~S :'iNeRZOF, 1L~ sa+d 1.1QRiGvGQeZ has hereu:~to sc2 his har.d and seai tFe day and year first afores.ai~ ,,s'_~:- ~ . f
S~grw Sea~ed and detive:ed in ih? presence of_ C()j~(s'j'j~(~'"1'ii ~ ' ~
~ BENC~[M?~j O1+.CCMP 4 ~P+~ATED
- - _ - - ~I~ fC nti~~ ~r ~:ta£D gys _ , vs 71 t
- ~ Ss,jY FLA. ,,«z' "
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r- - p, t: AS atj #
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,.cr - - ~ ` , i: ~ l RT ' TTEST t ~`.~,.T.,,Y- ~ / ' ~ / _ : ~`:-~Sea1) 3
_ " '
- - - ~ ' - : ' ~ - - B. Hutchinspn~ $rcretarr ~seap . ~
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- ~N'75 - ~ _ _ .
~ Mar 2~ I i 3s - - _ ~_.__.__3
STATE OF FLORIDA COUNTY OF ST. LUCIE ~Q~~~~ '
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I HEREBY CERTIFY, That on ihis day of- 1?'Iay , A. D.~ ]9~_, ~
~ befoee me per'soially appeared Vernon C, Rhit~esmith and - G. B. Hutchinsaa - ~
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res~ect+vely . ~ President an~ _ - ^ Secretary _
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v. i 'i t
~nt1~t~GQ.n~syction C~panvT~nzorporat~ Flori_~ ~ _ - r '
--T--~ e1o `'~Cr~}¢t'~tt0'D~ 1'fle
known to be fihe persons described in and who executed the foregoing instrun~ent and seyet,eN~~?s~w~$~f~-~Fie ~xe=_-
cution thereof to be their free act and deed as such officers for the uses and purposes theFelri' mE~fi+oned~;~Y f~j~ they~ - f
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a F f+xe d t hereto the of~iciaf~ sea! of said corp~arati` , and the said instrumenfi is the act and~~ t~dl,pf f~~t h~{ n'
, ~ , ~'~ra~~'~tfO ~ t
. ;.~j ,}fti ~
WITNESS my hand and official seal at Fort Pierce ~ 4 c ~ c_ , said count y and;s~'a f~,,;;_'~~`~~~:;~ r ~ i
This instruAent prepared by _ ~ ~ ~ ~ ~ ` . f~ - ~
Gary F. B.lltvood . - ~~-~-t s' ns ~~cU o ' ~-irSt~:-L- - ~
-First FedtYal SaVit~gs attd Loan Noiary Public, in and for State and County eforesaid. i
Assac3ation of Fort Pierce~ Floricia A`y Commission Expi~ry pv~rr, s~a+, as FlQ„aa ofi ~ i
- My Ccn.r.';r,.. ~--.;s ~:b. 20, 1477 "
~ Bondad t~ A.:._: ..~n : rc & Cui~.wlly Co. . ~
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Ctiecked By _~'i~: - " - ~
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d00K~ P11C~~~~ . ~