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!A: Tha~Morlp~Qor wNl ~01 p~~mit ~nr olh~ Nens lo b~ filsd~pd~~l lh~ ~aid p~embe~ ~nd M~ny tucA Ii~ns a~~ 111~d, whelMr psr~mount w subot•
~Mnal~ to thb malpap~. Matpapa wMl havs a c~us~ la b~ h~d saW ilvM dlschaip~d Isun~dlat~y. r
! 1. Ma1Q~pr~ sh~N h~v~ lh~ ~Ip1il lo ch~rp~ MalQapa's ~a:ounl wllh Matpp~~ la Ih~ hl~r~~l ~nd p~Mclpal p~yeWa M p~ovld~d In Ih~ ptomb~ory
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~ot~ wah b~com~t d~e~ in ~ooad~na~ Ihaawith
fl th~ Matp~~~~ ~pu~sl~ Mala~~ lh~r~by oovenanl~ ~~d~ ~et tMl Malp~por wiN IumNh Ih~ Malpap~~ ~n~ua1N from Ih~ dal~ o! th•
moNpaq~ InN~um~n4unl~sawmsoll~srdule ~Wesdlobetwe~nthopaAl~~I~wtllk~p,~c~N~1l~dwdltadlM~nola1a1~1~m~n1o11h~t~Aortp~qo~ ~~d~nou~l 1
ooa+pl~l•op~tNl~+p •I~I~menlsolMorlQ~qo~.litl~~Maty~po~'sll~cslo~od~ndary~u~h~Nnolcolncld~wllhlh~dNeb~ratnsp~dtl~~Ihanih~d~l~whlch - ~
IM Mo~tp~p~~ ~h~t1~pfcNy d~slf becaN~olN+~o, Matyayorsha!lau~rMalpsQe~wHi~ sucbotiror ilnn~clsl ~Isiemtnts u Moii~~~~~ m~Ylromllm~totlm•
nqw~1.
?3. tl h a~n~d that oolhinp h~nl~ coM~MW nor ~ny trans~clbn ~N~led Ihsr~lo shali be conslsued ot so opsral~ lo ~pu k~ thi Mo~lp~aor lo pay
IM~nsl ~I M~~i~ p~s~lsr th~~ Il b now I~wlul ln such c~s~ Io cool~~cl lot, a lo m~k~ ~ny paYment or to do anr ict aoMrory tq law~ lM1 q~nr claui~~ a
proWtiQM harN~ oonlalned opsiats a would prospeNNsly~oper~ls ~to MvsNdat~ 1ht~ Malp~pe or s~id Not~ k~ whol~ or M M~ 1~~~ such cNu~~s ~nd
povNlaa ony sht11 b~ h~W 1ot n~u~h1. as Ihouph no1 h~rNn conl~Msd, and lM «m~Md~r ollhti Mortqp~e Mv11 amaln op~r~lh~ ~nd M fuN larca and NtacL
2~. 11 ~11 or ~nY paN ol ths moripRpsd prope~ly ~hdl bs d~map~d at iok~n Ihrou~h cond~mn~ibn (whk~? te~m wh~n usad M Ihb morip~9s ~h~N kr
duda ~~y d~m~pe w I~kinq by ~ny povernmenial ~ulhorNy~ ~nd ~ny Innde? byprNits t~le M Neu lhe~eot?,~eltha tsmportrily or p~tmanently, Ih~ ~nllr~ In-
d~bl~d+Ka~ sa~utsd h~reb
Y s1~N, a11he opibn oi lhe Mal p ~pes. become knmsdialsiy due ~~dp~yubls. Tha Malp~pse t~lwN b~ ~MNNd lo ~N comp~rtulbrt
wrud~ ~ n d o
1 hK p~ymen l~ w rs N e l th~~rs iat ~nd b hete by ~ulhal~ed ~1 Ns optlon.lo comm~~cs. ~pp~e~ lo ~nd possaul~ M Ns ow~ or Ih~ MO~ip~~or~
M ~y ~cHon or Moceedi~q ~eteilop to ~ny candemn~tlo~t and fo ssltle a~ vompromise any cl~lm In oonnecllon fhsr~wlih AN tuch eomM~s~tlor~
~vrsr f~ d~m~Q•R clslm~, ~iphls ol ~Cibn and p~oceeds ~nd Ihe ~ipht IAerelo ~a hsreby uslpned by Ihs Ma1QWa to tha~ Mo~lp~ps~~ whor ~Itst d~ducllnp
th~rslrom ~11 iti expenss~ Includtnp sltorneys leas, may release ~ny mo~lea s~ rscelrsd by it wilhout ~IlecUn~ Ihr Nen ol thl= mortQape a m~y apply Ihs
~~m~ In ~uch manner i: ti~a Moripaqee shall dele?n~h?e, lo Ihe rsducllon of Ihe aums ~ecured hereby. arid lo ~ny prepaymsnt cha~pe h~ein provid~d and any
bd~nce ol ~uch monle~ lhen iemslnlnp ehaN be pa1J lo Ihe Malpaqo~. ~he Morlysqa ap~ees lo execute wch Iwlhet as~lprnuenis ol ~u~y comp~nullons.
Nw~rds~ dam~p~~ rlsime~ r~hl~ ol ~cl{on ~nd p~ocaeds as Ihs Malqa~e~ m~y r~qWr~
Zd. (n Ih~ ~venl thi~ morlp~pe 1~ ~unlot snd i~?lerb~ to ~ny olhe~ morlq~~e ~nd/ar Nan o~ Ih~ ~bov~-Oescr bed roai p~eperly, and iAls motf ~q~ It phr~n
w1lhWtfknowledpeof~uch~uperiwmo~lp~yearni/orMen,thalialdsuperlpmorlp~agsancVorllsnwUlbapald iiAalpa~ln~vco~danwwilhl~l~~ms~nd
t~~d~lont Ih~t~ol wphoul repard lo ~ny p~ece perFod as conlslned Ihereln aod islturs lo make ~aid p~ymsni w cons111u?e ~n ~utom~tlc dtl~uit M 1Ms mat• '
p~qa ndlh~whol~oi~~klprinclpal~umsscursdherebyshalllmmedtatelybacomedue~ndp~r~bls~tlh~op!lonoflhsMorlpap~~.AddNlonuy.Ih~dN~u11
In !he Wrlamsncs ol ~ny ol ihs Isrm~. provbtons, covena~ls. or preemsnt~ cont~Med k? any wp~rbr morlpape and/or Man. w Ihe commenc~m~nl ol any
•clbn io lorecloso ~ny s~ld superlw malpbQe ~nd/a iten, sha~l con~llluls an ~utomstb delaull In Ihts mort~ape and the whots of safd ptlnNpa! sun~ ~ecur~d
hsrtby ~h*It Imm~dlalely bscome due and payaWs al !bs optk~ ol lhs Mwlpwea
• 2e. This mal9~ye ~h~ll ba consirusd as ~ securily aQ~eement under fhe Floridq UnNam Comms?L!a! Code.
27. Olher qovbbns: '
IN WITNE83 WNEREOF, Ihe Morlqagor has execuled lheae presenls under eeal ihs day and year flrel abova wrllten. ,
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t3~aq
Claude Ti man, Jr . _ Borrow~r ~
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Mar ret B. Tillman Borrow~r
. iNOiVIDUAZ ACKNOWLEDaEMENT
BTATE OF Florida ~ ~ ~
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. COUN11f OF St.Lucie ~ \
Th~ ~lorepotnp tnstrumsnt was acknowledped belore me Ihls 3j),th day ol .
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ip
87 ~ by Claud~ C. Tillman. ir. and .
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~ My CommlulOn sxpheac , . . _ _ ` ~ , • d
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. . ~t. . ' :3. NOT RY P BLIC - ~ _j; _
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s CORPORATE ACKNOWLEDdEMENT .;,.%.=_.~~s~~`i•;y;~'.
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8TATE OF 1 - , `i, ,;Y,' ' ' :r - .
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CQUNTIf OF , ~
TM loresoln~ Inslrument wss ~cknowtedpad belore ma thb day ol .
1~__. b~? ~nd ,
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r~sp~clhrsly Prsaldent ~nd 8acretary oi
. ~ corponUor~ on b~hiM
a ~aa co?pot.?lon. ' , . .
My Comm{sslon ~xpke~: .
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NOTARY PUBIiC ~
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