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3. To ple;o and contin~o~sty S;eep"ail'yhe bu~!dings now or he~eafte~ s~tuate on s~+d land and on all cquipment and personally covered by Ihis mortg- ,
age, v.~ifh a!! pre~~iu:r;s thereon pa~d ~n lull, f~re ins~ranc~ ii~ the uswl sta~.+rd }alic~/ form, in a wm .arp~oved by tiia MORiGAGEE, and windstom~ ~
Insurance in the usual ~tand~~J poLcy form, in a sur.~ approved by the h10RTGAG:E, in such conipany or companiee as tha h10RTGAGEE mey '
dirttl; and all fito nnd winds~onn insurance pol~tiee on any ot se~d buitd~~ys, any inter~sl therein or part thcreof, in Ihe aggreyate sum aforesaid o? "
i~ exceu thereo(, shall conlbin I~w uswl s~~ndxd mortgagea c~ause or such oiher clause as the A\origagee may reqv~re, mal~ing Ihu lo~s under sa~J poli• '
ties, each and every, payable to sa~J h10RIGl~GEE as its imerest rnsy appvar, ~nd each and every ~uch po!~cy shaN be promptly ass gned and delivered to , ,
any held by said h!ORTGAGEE as fur~he~ sewrity to said mortgagr debt, ar.d, not leis than ten (IO) days in advd~aco o(-the expiration of each poticy, to da-
(iver fo said A10RTGAGEE a renewal thrreof, t pt 4or Ihe prcmiwn ol such re~iewal; and Ih~re•shall be no fire or K'711CIS~O~nI insurante
O~]C~'1@f \Y11f1 a recci
pleted on any of said buifd~ngs, any int~rest Ihetein o~ part thereof, unless in iF.c 1.~nn and with ~he loss p~yab!e as a(oresaiJ; and in the eve~f any sum
_ ~ of money becomes payab!e unJer s~ch polity o~ pol~cies said MORTGAG'.E shall havo ~he op~ron to receivc and apply Ihe iame on acco~nt of Ihe indebted• 1
nesi secureJ hereby or ro permft sa~J ~,IORTGAGORS to receiva and uie i1 or any part it~•~:eof Ic~r ori~ec pu~E~oses, rf;~hout ~hrrci,; .vaiv7,~g unpair- ?
ing any eq~~ty. Gen or rlghl unJer or by virtua ot this ~nc:lgage; end in tht even~ sa~d AlOR1GAGORS shall ior any reason fai) to keap ~he said prc~~ises so ;
insured, or fail to de~iver pro,np~ly any uf said po~~c:es o( inwrance to s~id MORiGAGEE, or t~il prompily to pay fully any premium therefor or in any s
res ect fail to er(wm, dlscha~ e, execute, elfet~, com 'ete, <om I• wiih and abida h th~i tovenant, or an a~t hareof, said MORTGAGEE ma lace and
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pay for such insurence or any part thereaf without waiving or aifecting any opt~on, lien, equi~y, or righl ~nder or by virtue of this Nlor~gaga, and the ' ~
full amounl ot each and e~'ery wth paymero shall be immcdiatcl~ d~c and ~yah!~ and shall baar intetest (rom Iho dalo therco( w~til paid at the rate ot i
nine per centyni per ann~m a~~d to~ether ~vith such int~rest ihali l~e se:ureti hy Ihe Gen o( this morlgag~. ~
4. To permit, commif or su(fer no waste, impainnenf or deterio:atron of said p:opc~ty or any parl thrreof.
S. To pay a11 and sing~lar the costs, cha~'es and expense~, inclucl~ng a reasonable attorney's (ee and costs of abstracts of fitle, incurred or paid at
any lime by said AIORTGAGfE, because or in 1he evrnf of ~hc (ailure on tl~e parT of ~he said MORTGAGOR b duty, prompNy and f~lly per(orm, d~scharge.
execute, e(feU, completr, ca~rpty w~lh and ab;de by each and every the st~pu!ations, agteements, conditions, and covenaMS of said promissory note and Ihi~ ~
mortgage any or ei~her, ar.d sa?d costs, charc~es and expenses, each and every, shall ba im~ned~ately due and payablr; whether or nct there be notice de-
mand, atternpl to tollect or suii pending; and tha full amounl oi each and every svcn payment shall bea~ interesl irom Ihe date Ihereof unlil paid et Ihe ~
- rate o! nine per ttnt~m F:er annua, anc: alf said tt•srs, t1~ar~es and expensrs incurted or paid, together ~v~th•such interest, shall be secuted by the lien of th~s
- mortgage.
' ~ 6. That (a) in the ev~nt of any breach of this Mor?gage or defauh on the part of the ~titORTGAGOR, or (b) in the event any of sa[d su~ns of money ~
~ herein referred to be not prornptly ar.d fully paid w~ihi~: ih~rry (30) Jays r.e,ct after the same severa!ly become due and payable, without dernand or notice,
' or ic) in Ihr e~ent each and every the stipuiation:, agreements, cond~tio~~s and covenants of sa:J pramissory ~ote and th~s mortgage any or either are ~01
~ iuly, prompily and fully per(ermed, d:scharged, axecut~d, eflecteJ, completeJ, complled w~ih and abided tiy, then in either or any such even! the saiJ ag-
° gregale sum mentioned in saiJ promissory note then remaining unpaid, with inte~est accrued, and atl moneys secure~ !~ereby, shall become due and pay- '
f. able forthwith, or thereafter, at the option of said h10RTGAGEE, as (utly arx! comp!etely as if a~l of the said sums of money wete originally stipulated ~
to be pa:d on such day, anythir.y in sa d prp:niziory r.otc e: in ihis Mortqaga to tht contrary nolv~~thstanding; and thereupon oo_ ihereaitar at the option of
said ~.10RTGAGEE, ~vithovl rot;cc or u'en,and, su~t at law or in equ~ty, ~h-rreEore or therraher begun, may be prosecuted as if all moneys secured he~eby ~
had mawred prior to its institution. - .
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7. That in the event ~ha~ at !h~ beyinn;nq oi or at any time pe~ding any evit upcn this Mortgage, or to foretlpse it, or 2o reform i1, or to enforce `
paymenl of any :!aimz hereur.d~r, said N.GRTGA.G~E sha!: 3~;~.Iy to th.e Court ha•.lr.g ~~risd:ction thereo~ (or the apFointoient of a Receiver, such Court shall ~
forthwith appuint a re:~~ver of said mert~ay~d prop< rty ali and su:gulat, irc;vd~ng ail and sinyu~ar lh.e irttome, Frotits, issues and revenues from whatever
- source deriveu~, ezch and every o( wh:ch, it being expressly understeod, is hereby ~~~er~ga9rd as if spet~fically aet (orih and destribed in the gra~ting and
hahenJum clauses hrr~•of, cnd svch Reteiver shal~ havc all the broad and effctirive {u~ut.o:zs rnd pov.ers in anywise emrusted by a Court to a Receiver, and
- such appointm~~it shall be made by such Court as an admitted cyuity and a matter of absulute r~ght to said hSURTGAGEE, and withoul ~ reference f~ 1he
adequacy or inadeqwc~ of the ~•~'.ue of the preperty mo~tgaged or to th~ so:~•ency c.• ;nso~vcncy of said I.'.ORiGAGCR or Ihe defendants, and that such
( rents, profits, i~tome, issues and reven~es shatl be applied Ey sv:h Receiver occord~r.y to tFe lien o: equity of said idORTGAGEE and the practice of such
Court. - '
{ 8. To dviy, prompiiy and fulty perform, d:scharge, execv~e, e~fed, com, !ete, cumoly w~th and abi~e by each and every the stip~lations, agrrements, ~
- eonditions and~ covenanrs ~n sa~d promissory note and th;s morigage set forth.
9. Tkat in the eve~t the o•~lnership of the mortgaged preniises, or any pxt. tner~of, becomes vested in a person other than the MORTGAGOR, the
: MQRTGAGEE, its successo~s ar.d ass~gns, may, wi~houf no~ice to tha t,:ORTG~OR, drsi ;vi!h such svaessor ot svccessor in interest wi~h referente to this
' mortgage and the drbi hcre6y se.ured in samr ma~nc~ as with !.longagor v~ithaut in any ~vay vitiating or d:scharging the Mortgagors' liability here-_
~ under o: _upon ihe d_bt hereby sccured. t~o sa'.e of tl:e premises heieby ~~ortgaged and no for6ezrance on the part of the fdORTGAGEE or its suctessors
3 or assinr.s and no exrension ot the tima for th•~ paymeN of the debt h_re6y s~cured given by Ihe 1.50RTGAGEE or its svccessors or assigns, afiall operate
` lo re!ease, d~scharge, modi(y char.ge or affect the original _liab~l~ty of th: MORTGAGC7R herein, either in whole or in part.
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i 10. It is spec~ficaliy anreed thar -G:ne is of tha essence of th~s con~ract and that no wa:.•er of any oh!EgaNon hereunder or of the obligation se-
r eured hareby sha~l a~any time thereafter b~ held to be a wai.er of th> !erms hereoi or of the instrumeM secured herby. _
. 17. In add.t;o:~. to the forego'rtg ~,~o~rfi'~ pay~^^r.ts of pri-;c njI t~nd inte•est required by the prnm~ssory no!e secured hereby, morlg<1got. tovenar.fs
and agrees to pay to n~~rt~~gee ~oi!h eac : ~nop~h'y paymenf an add::donai sum es':natEd by mo:tgagee to be equa) to 1/'12 of the ann~al cost~~f, ihe fQ)low-,' ~
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A-AI real r•roF_rt~ t.~r.es e~:~c:. or asses=_cd ~yai•::t thc aLove described real ezta!e. i~~ .
B Prar:~u•~s cn fire ard winJstu:n: ~nsu•~~ ~s here~n requ;red to F~e carried on the improv~me~IS situate on the above desctibed~~)rettfises_
7 - C-PtEI'.~WfnS on such mortg;g~ guara=ity ir.~~rar.ce as mortyagee shaii fr~:r. r.:r.e -to time deem fit to tarry on the loan secuted F~reby,
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, _ ortgaoee sP~a?t frcm ti~r:e to ti~^e ~cti`~ mcrtgagc•. in v.rit~eg of tne a~::~,;•~t and payable hereundzr and such sum shall_j~ip ~~e;~~e~ ~ ~
` payab~e on the due da!e of t~+e ne,~t ;r,o-1^'y ;,ayment and each wco=5sive mo•~1t: thcrea(t_r urfil mcrtgagee shall notify mortga$o~ of'a~h 'ge ~
` amour.t. Such svms shail be applied t,y ~r.cr!ga~~ce to.aard the payment of real property taxes, insurance prem:ums, and mortJi~'e guarant insurari
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premivms. ' - °•f~ ' - ~ t.v:~, :
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Iti Yl1TN~55 \':H~RcOf, !hr sa~d r1,ak7Gr+GC~ has hereu~lo se! his hand and scal the day and ye afor id. ~,~p• '
_ ,Signed, Sealed nd livered in he pre:-:: ce of: Ci Ci ]lf ~ 1i~~r r~,
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STATE OF FLORIDA COU~ITY OF ST. LUCI~ - ;
I HEREBY CERTIFY, Tt~at on this 20th day of 'j~e , A. D. 1_9~~, ~
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before me personally appeared To n R+ T,nr~Q and Ri ~ Arc3 W. Cro~te . ;
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the Vice President ~
respectively President and 7~~~~ ' ' z ' ,i4~ ' _ ~ !
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~ L.C,R, Coi~po7C~e.t~o2~ - a Flol~id8 - Corpo~r~ti~~q m~
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known fo be the persons described in and who executed the foregoing instrume~t and severaily acknowlet~~ld ~Fte exe-_ , ti~,=` _
c~tion ihereof to be their free act and deed as such officers for the uses and purposes ~herein mentioned;~~l, that they ~?w; -
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affixed thereto the official seal of said corporation, and the said instrument is the act and ,deed of sa~d;~orp~~~bt~;' `
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WITNESS my hand and official seal at Fort Pierce Florida , said co y and tate. y'a~~~"'.`~.- -
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~ $DOK~~L~ PAGf~ / Notary_Public, in and for State and County aforesaid. ;
My Commission Expires: ~ ~ y ~ ~ _
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flLEo ANO R~GORBE
~ or rori rierce ~T.LUCI!' COUNTY fl~. _
~ ~ ~ ~ ROCER PQiTit~S =
~ Checked By CiERK CIACUIt CAURT~~
~1'~..~.33 ~C4RD VERtftEO...,...~.. _
~ _ ~ - i ~ . J~r~ t5 $ 3i ~1'1'~i
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