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3. To plece and conlinuously keep o~ fhe buiidmgf now or hereafter titwt~ on ~a~d land and on all cquipmenl and penonally covered by thi~ mortg-
ps, wi~h •11 prem~uma the~eon pa d in full, Ine insurance in the usual f~anda~d po'ity form, i~ • sum ~ppro~ed by ~he MORIGAGEE, and w~ndttorm
insur~ncs in the usual sea~xlard pol~cy }orm, in s aum epp~aved by Ihe MORTGAGEE, in fuch company or compan~es ai ihe MOR)GAGEE msy
dir~ct; ~nd aG i'ue end w7nd?~o+m inwrance po6ues oo •ny o( sa~d b~rild~op~, any in~ereat therein or par~ the~eot, in ~he a99regsre ium •loress~d o~
In •zcesa ~hereof, shatl contain the us~al ilandard mar~gagee clause or such otM~ c~auu •s Ihe lNortpagee may requ~rs, malin9 1Ms los~ urxlei ~a~d potF
cias, tach •nd eve~y, payable to said MORTGAGEE as ~ts mtere~t may eppsa?, and aath snd evrry wch poi~cy shell Ix promptly a~s gnrd and de~ive~cd to
+ny held by sa~d MORiGAGEE as (urthar secv~~ly to ~aid mortflafle debt, and, not ~eu than ~en (10) days in advance ol ~he ezpirat~on ol each poticy, to da
liver to ~sid MORiGAGEE e renewal thereof, lo9eth~r with s receipt (or Ihe premium oi ruch renewal; and there •h~i! be no f~re or w;ndstorm in~urante
Plsced o~e ~ny of sald bu~ld;ngs, any interesl therein or par~ ~hereof, v~~ess in the fo~m and w;th ~he loss payable s~ •foresaid: a~d in ~he event any ium
of mor.sy betomes p~yabtQ under such policy or politiea uid MORTGAGfE shall have the opt~an to ~eceive and app(y the same on acc~unt o( the i~debted-
ness secured hercby or to permit sa~~ MORTGAGORS fo rKeive and uq !t a any part the:epf for o!hcr p~r~,~srs, vrnhout th,.cb~ waivi,~ ur ,n,p~;r.
infl a~y equ~ty, lien w r~ght undcr or.by virtue ol thi~ mo:!gage; ~nd in ~he wem ~a~d MORTGAGORS ~ha? for any re~son tail fo keep the sa~d p~emiset ~o
inwrcd, w fa~l to deliver promplty ~ny o! said politief ot insuran~s to said MORTGAGEE, w fait promptly to pay fvlly any prem,um thuefq or in any
~espec? fail lo psrfo~m, dscharge, e~ecute, eifecf, con~ptete, comply witl~ ~nd ab~de by th~s covenan~, w any pen hr~eol, sa~d MGRTGAGEE may piace and
pay fw iuch insurancs or any part thereof without waiving or atfcctiny any option, lien, eqv~ty, o~ rigM unde~ w by vntw of ~hi~ Mortgaye, ~nd the
full amount ol ea<h snd every such payrnent sha!! be immedi~tely due ~nd pyable a~d shall bear irocrest fiom the date thercof umil pmd u the rate ot
n~ne per cemum ~er annum and togrther wirh such i~tereu shall tx securcd by the lien of thii mortgage.
To p~rmit, commit w iuffe~ no waste, impai~ment w deterioretion oF sa~d prope~ty ot ~ny part thereof.
5. To psy alI and sirguler the costs, ch~rges snd expenses, includinq • reasonebie at+wney'a fee and costs of abahacls oi tirte, incurred or pa~d al
any time by sa~d MORiGAG;E, because o? in tl+e evenf of fhe fa~lure on tlx pa~t of the said MORTGAGOR to duty, pron+ptly and fulty Frrform, d~uharqe,
eYecut~, etfect, canplere, canply w~th end ab:de by each and every th~ stipulanons, ~g~elmenlf, condit~o~s, and covn~ents o( ~e~d promiasory note er.d 1hi~
rnortgege •ny or e~~her, and ta:d coets, chargei and expcnses, each and every, shail be immcdiately due and payaUle; wherher or not there be nm~ce de ~
mand, attempt ro ce~iect or suit pend~ng; and the (ull amount of tach and every svch ~ayment shalt bear interest Irom the date thereof until pa~d at the ~
rate of nin~ per ce~uum pc~ aru~um; arw' all sa~d cos~s, cnarges and expenses incvrred w paid, together w~th such ~ntuest, shall be sewred by the I~en of thi~
mat9ape. _ ;
6. Thi1 (i) in ~he event of e~y breach of this Nbrrgage w default o~ the part of ehe MORTGAGOR, w;b) in the event any oi se:d sum~ of rrwney
herein referrrd to be n~t prompHy ar.d fully paid within th~rty (30) days neat after the sa~ne seve~atiy 6ecome due and payabie, witho~t demand or notice,
or (U in the eve~t eac1+ and every ehe stip~lations, agreements, tonditions a~d covenanq of sa.d promiswry note and th~s mortgage any or e~the? are nol
~vly, proenptly and fuily perFormed, d~xharg~d, executed, ef(ect~d, pleted, compGed w~th and abided Sy, lhen in e~ther or any such evert the u~d sg
g~eg~t~ sum menr,oned in sa~d prom~ssory note then remainin9 u a~d, with interest accrued, and all mone~s secwed hereby, shall become du~ and A+r-
ebie forthwith, or thereafter, at the opr;on of said MORTGAGEC, as fully •nd completely as il al! ot ~hr ~aid s~ms o~ money we~e or~ginaily st~puisted
to be pe:d on such dey, anything in sa.d prom~asory note w in this Morfgage to fhe conrrary norwi~hs~anding; and thereupon_w thereafte~ ar the opnon of
sa~d MOR~GAGEE, wirhovr ~or~ce oi demand, svit et law w in eqwty, therefwe p thereaf~er begun, may be prosecutcd as ii alt money~ secured hereby
had m~tyrtd pnOf f0 ~IS ~nslit~t~On.
7. Tha~ ~n ~he event that at the bcginning of w ~t any time pers3~.-y :a~ tu : u~,,,^~ ~ki: M~lgage. or to f~etl~x t+. to trform it, or to enfores
payment oi eny ctain,s ht~eunde~, saia MORTGAGEE si+e!! apply !o"Yhe Court bsving jur~sd~ction thereof (or the apyw~ntmem of • Rete:ver, such Court shall
'o:~hwith apfw~~t a rece~ve~ of aa.d mortgaged prooerty all and s+~+qutar, includ,ng all and sing~lar the income, profits, issues and revenues Irom whatever
sov~ce derivcd, eech •~xf every of wh,ch, ~t be~nfl eapressfy understood, is hereby mo~tgaged as if specd~catly set forrh and deu.~bed in the flrenting and ~
habendv.n c~a~se~ hereof, and such Receiver shall have atl the b~oad and effective iunct,ons and powen ~n anyw~se entrusted by ~ Court to a Receive~, and
s~ch appointment sha!~ br made by s~tih Covrt ss an admitted eq~ity and a matter of absofu~e rigM to uid MORTGAGtE, and w~thoW reference fo the
edrqvuy or inadrquacy of the val~ of rhe property mwtgaged or to the so~vcncy or insolvency oi sa~d MORTGAGOR a Me defendants, and thal auch
ren~s, profits, incwne, issues and revenues shall be applied by tuch Reteiver accord~~g to the lien w equity oi sa~d MORiGAGEE and the practice of such
Court.
8. To duly, prpnprty ~nd (uNy perform, discharge, execute, effect, tornplete, comply witb end ~bide by each and every the stipulations, sgreements,
conditions and covenants in sa~d promisswy note and th;s mortgag~•ut forth_
9. Thst in the event the owrrership of the mortgayci! premises, or any part thercof, becomes vested in a peryon othe? thsn the 7N~JRTGAGpR, the
h10RiGAGEE, its successws ~nd asnigns, may, withou~ no~ice ro the NSORTGAOR, dra! w~th avch succeuw a successor en ;nteres~ with referente to this
mo~tgsge and the drbt hereby secu~ed in the same manner as w~th Mortgagor without in any way vit;ating w d~scharging the Moregago~s' liabit~ty her~
under or upon the debt hereby secu~ed. No iale of the Fremises hereby mortgaged a~d no forbearance on the part of ~he MORTGAGEE or its s~ccesaws
u. ass~gns and no extens~on oF ihe time (w the payment of Ihe debt hereby secwed given by ~he MORTGAGE'_ or its successors o? aa~;gna, stiall ope~ate
ro reieau, d~scha~ge, modify ch~nge a affect ihe original liab~l~t~/ of the MORTGAGOR hero~n, either in whok or in part.
10. It is spec~f~cally agreed that time is of the eaunce of this conrracr and that no waiver of any obt~ga~~on hereunder or ot tFe obligatian ir
cvred hereby shalt ar any time thcreatter be held to be a waive~ of tl~e terms hereo( or of the instrument secured herby.
11. In a:id,r~v~ to the faego ng monthly payments of princ'prl and interest requ~red by the prantssory nore secured hereby, mortgagor covenants
e^d agrees to ~ay to n;o:tgagee K~th ea;h month!y payr,,rnt an add~iional sum esnmated by mprtgayee to be equal to l, 12 01 'he annual cost of the fo~low-
.
A-A'I real properry ra,crs lef;ed o. assesscd agai•,st thr above described r,al estate.
o- Pren.,;, ~s o~ fne and w~n~s~Orm insuracce as herein r~qu;red to be carried on the improvements sit~ate on the above described premises.
C-Pre:ni~nu o~ such rr.orrgage guararny ir.sura~ce as mo*tgagee shall from ~~me to ~ime deem fit to tarry on ihe loan sewred hereby.
Matgagre sha' ~•om ru-,e ~o ume notify mortgagor in writing of the amount due and payabte hereundrr and such sum shaH thereupo~ be due and
: svabte on ~Ae ~:,e da+e of ~he ~~a~t month!y payment and each successire month thereafter unt~l mortgagee ahail ~otrfy morrgagor o4 a change in such
3^ uum. $.xh sv~ns s~~a ; be appl~ed by mwtgagee toward the payment of ~eal prope.ry ta,ces, insurance prem:ums, a~~d mortgage guaranty insurance
o~emiums_
IN WITNES~ ~1HER,0~ ri,e said MORTGAGOR has hereunto xt his hand and seal the day a~d year first atoresaid.
t?v ~~~~Seated and e~ ~ in the preserxe of: ~
rq ~ f'L_ ~n
~ " •
/ h ~ D , cs~.~
- s
~ - (Sean
E OF FLORIDA `
S? . U1C I E ~ ~
c~uNrr of
bifwe me penonally appeared ~~ry K• ~e~
•nd
Karon Drew - h;. wife, to me well known and known to me to bs
the ind~vidwts dcscribed in and who executed the ioreyang inslrument, end ecknowtedged before me tF+at they exccuted fhe same fa rFµ purpose~
r++erein exp~essed. And the satd Karon S. Drew
of r?,~ ,~~d Lazzy K. Drew
upon a flp~r~te ~r?d pfiv~t~
e.em~nat:o~ by me taken sepa.ate and epart from her said hu~ba~d, ~tknowfedged te and befwe m~ thal the executed said instrument freely ~nd volun-
rar~ty and witfiout •rtp comp~tsion, cwntrsint, spprehens;on. p te~r ol w lrom hcr ~aid twsba+xJ.
WITNfSS my hand and off;c;al seal thi~ _ day of September ~ p 19 '~Q
otery ?ublic in •nd for tM Sut~ of Fbrid~ at tar~ _
Re~um To: .,,~~Ktt?~~~N~.,,~ . My ~uion oxpird:
Fi~it federa! $avi ~ 6 toa» Astor.iatwn ' ~ ~ ~ ~ARr /j~6
„fl :
MY COMktISS~ON ~Tp~j a ROAIqA Ai
~..-r V~'• ~ONOm i~ F~RES SEPT. ~~p~~ r-
ot P.-c~
1 r ~yr`
Forr P~erce. Flc~~ds~ ~ ~G ' ~„Z?'~~t~ ~ : ~ ~Ri~Ffy~s` +'J
~~qq4~
~ ~
: ~ O`kl.~~ ~ : _ . ~
= v-
. Q_ r: Ft~EO AND-RECOROEp '
• ~y ~ •
:..Kj~~- ~ fa~~;~Q - S~ ~~0 Q VVf~ ~ i~ r~.A.~ !
This Inslrument Prepa~ed By John W. i~';!-~-, Q;~~~ ERIFIEO
First Federal Savings b Loan Association 1984 <i1
of Fort Pie?ce ~ Flarida n~''"".'~ c'~ . t
~ '10 SEP f S PN 2: 21
Checked ~ ' ~ ~ e ~
ROGE
CIERK C RCUIT COUAT~
~ a«~ 18? ~ 138 -
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