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3 io ~~•~cc a~d co~~~~•wa.s y:.eep on +!je t~~ d.ngs r.o,ti or I+erea'.rer s~tuate on sa~d ~and a~d on a'' fq~~p~nrnt a-~d perso~a!Iy covered by ~his ma
ti~e, w.!h a!1 ~re~~~.:~+s •~eon d:~ fc,;, tra s..anct m ~he .,sua{ star~ard po ~cy ierm, in a sum arpicved br the MJR~.aAGEE, a~~d v~~ndsto
ns~ran,e m rtie ~s.,al s+:.:da•d po:.y fo~m, ~n a s~~ ep~,rored by ihe MJRTGaGEE, in sucA ca^~pany or cu•npan.es af rhe A10R1GAGFE
d rect; a~d all fnc er~d v~~nUS}orm ms.,•once po:~c~es on ar.y of sa~d b~i:d~ngs, any.interest tneie~n or par~ the~eof, m the a9g^_•gate s.,m aforesaid
~n e~cess th~~•eof, s`~a'i c:~nt,.~n tne us.:_i str ~d~rd n~o'~9~gee c~ause or soch other c~a~se as the Mo~tgagee may requ.re, rt,ak~ry ~ne ~oss ~~de~ sa~d~po
c~~s ea:h a~,d e~er~, na..._+ e io sa~d A1JR?v4GEE as ~ts =•~~errst may appear, end each and every svch p:~ ~cy sF,a~l tx prompuy ass gned and dt•~vC~td ~
any h~~ci by s~~d ;:.u~1~4:.cf as r,,r~i~er s,c.,riry ro sa~d rt:o:t~~3e debt, and, noT iess ~ha~ ten ~t0~ days i~ ad.ance of the eap~~eno~ of eech po',~cy, ~o d.
„ver ro sv~d h!JRT~.:~viE a renr,n.,: th~•reof, toge~t~er ~n~th a ce:e~nt fo~ the premium of such renewa ; and t~tre shail be n0 f~re o~ w~~~dsto~m ~nwranc
c'~:ed o~ ary of s~ J 5.:'d. ~gs. a~y ~nfe~est ihrre~n o~ pait thereof, utiGSS ~r, the form and wi!h the ~oss pay36'.e as aforesaid; end in the event a~y sun
o~ ~~o~~cy b~•co•~rs pnr~be :~~arr s~ch poli,-y or pei~c~es se~d ,tiiJkTGAvFE sti~il heve rhe o;~t.on ro reco::e ~~~d app.y rh> sa^~e on auo~nt oi the indebmd
r:~ss sec:,•,•d nc~c•oy o~ ro perm~t ta~d MJRTGAGORS to recr~ve and use it or any pc~t the:eaf tc•~ o:^~r~ c:wp~,s.•s. v..~~».:r th>•~::: w.:~~i ~'°D~~r
~n~ r~•y rq~ t,, : en w:~~nt undrr o~ by v~:tue o! this mcr'gage; and in the eveN sa.d MORTGj+GORS sha!I `o~ any reason fail to keep the sa~d prem~ses so ,
•.su•~J. o. 'n~: tc d_ ~~e~ p•o~n,,ry any of sa~d po~:c~rs ot ~r.suta~ce to sa~d MOkTGAGEE, or f.;~: p•om~;~,y ro E~ay f~.;y eny yr~•r~,,,<n thrre+or or in a^y
res~~~~.~ t,:: io , e~~orrn, d,sch..~~e, e~ec~te, effect, corny,~rr~, co•nply a~~h and ab~de by th~s cove~aar, or any pa:f hrreof, sa,d MGRTGAGEE may p:acr a~o
F,a~ io. s.,,l, ins.,r<~nce or a~~y part thertef w~~fiout waiv~ng or a~tecti~g any op~~on, ~ien, eq~ny, or ngh! unde~ w by v~rtue of th~s MorTg~ge, +nd ~he
a~-~o~m o'. es.h a~~ e.e~y s~ch payment ahait be ~mmed~arely due and payabie and sha~i beac ~ntcr~st from :Ae date thereaf until p~~d at the ra~e of
~.ne pi•c .cnr~,., ;e• a;~. i~~.-' ~.ed +;%y_•rh~r v~irh s~ech ~me~tst snal. securc':~ by the t~en Jf th~s moftgage.
4. io pernii!, comm~t or su`ter no waare, ia:pair^tent or d'rter~oranor. of sa~d property a? any part thereof.
5. To pay ail a~~d s~~g~~~ar rhe costs. charges and expen~ea, ~n;i~d~ng a ressonable afromey's fee and cosfs of absnacts of titie, inwr~ed or paid at
~•~v e tv s.~~d M~~R'~~.4:-:E. because or in fhe event a1 ~h- fe.~ure on ~he part of ihe sa~d MORTGAGOR to duly, pro.~prly and f~:iy p~~fwm, d~scnarge
~•ir~ci, cen,:.cre. co~Y`r ~n th ar~d abd> by each and every the st~p~lat~ons, ag~ee~nents, condit~ons, and ce.•enanrs of sald pro~nusory note and ~h~~
,w•'~~~e any or r••n~~r, a~d s~ d ccses, charges and eapenses. each and every, sha~l be immfd~ate~y dve and payab:e; v.he±her or not there be not~ce de
,,•:d. ~ ~o co.:•c o• s:.r p_nd.~~g; and r~e fuil a:neunt of each and every svch pa.mrn~ shait bea~ in+crest frar ~he da~e ~hereaf un!il pa~d al ihe
. '•e _ ~ ~ se~d cosrs, :r.a:~es a~~d E~~2~'S;5 ~nc~rred or pa~d, togeihrr w~th sv.h ~nte+rs~, shall be tecured by the hen of th~s
~,ortga~e.
6. Tha~ ;a; in the eren+ o` any brra:fi of this Mr. vgage or defavit on tFr part of the 610RTGAGOR, or (b) in the evem a~y of sa a~ sums of msney
••ein rererr<•d ;o t~e ~.c~ ;~c;::,, r;y a~d 'u:iy pa~d w!rn:n thr.ty ,;3;:! days nc•,t a'fer ihe sa~~e severa'ty beco~»e d~e and payab!e, wnhout demand or notice,
; , in thr e+enr ~;;h a-,d e.•e•y The st~,-,~.af~o^s, agree^~rms, m~d~r~ons and cove~rnts o` sa.d promissory note a.~d th~s mo~tgage any or either are not
i.,.y, r.ro•^.p+~y an;.+ n;:'y perto-n•rd d s:ha~ged. executed, effe.-ted, completed, corn~i~ed vv~th and ab~ded 5y, then in e~ther w any such event the sa+d ag-
:•e su~n menf,o,~ed s~~ci proTUSS~ry n~~z rnr~ rema~ning 4npa~d, w~fh ;ruerest accrued, and ai~ mone~s secured hereby, shntf become due and pay-
, J rc„~7..:±h. ?her~•a're•, ac ~he o.~•,on o+ sd~d h10~21GAGcE as fuiiy and complefe:y as if a!i ef thr sa.d sums of rteoney were or~gmaily shpu:ated
~ n: :,a d or s:::h~ ;i_y, a^yi!::~~ ~n s~ d pro^.ssory n~te or ~n m[s h5or~gage'~o ~he con~:ary no~,N,rhsrand.ng; and ~here~pon w thereafter a~ the opr~on of
l.'0=: i~•A'v: E y..rr:, i•T no• .e o• dema^d. s~~t at ~aw or 1n equ~tY, theretore or thereatrer begun, may be orosecuted as if af{ moneys secured hereby
. s ..~~+~-eJ {:n~' )O .!5 ~::st~~~'~on.
7. ;F~a~ ~n ent ~.-e~,t ~h~• ar ri,e be~~nn~«g of or at any ?~me pe~d~ng a~y w~t upon this A1o-tgage, or to for~tc,se it, a to relorm it, or to enforce
...~c•,* e! a~v c.. •-~s h~~-e..: ~_r. ss~d MJRTGAG:E sha,l apply io the Court ha~vng ~ur~sd:tT:on th~~r~•o"t ier the appo~ntment of a Receiver, such Cov+~ s~a~l
o,~," ,^t a r;•ce ,e~ of s:•d mo~~gag~d p~operty a:i and singu~ar, ~n:iud ng a~~ a~~d s~~y~ ar ^,e ~nco~.~e. ~rof~rs, issues and revenues from whatever
;i~•:+~~~ eac~~ a~:ci every of .~,h;h, r br~ng express'y u~ders'ood ~s re:_b~ rnorfga~eo as :f spetsica~ty set fo:th and deseribed in the granting and
~ .~~d.,~ c a_sr~ h~~•.~.~. o^d s_~c`~ Rece~.e~ sha : have a11 the br~ad and ef!ec•..e fu^.c: au cnd powers in a~yw~se entrustea by a Court to a Receive~, a^d
s`,.3 r:.-+.e b~ s:•ch Co.,rT as a~ ad ~~ttrd eq~rty and a na!rer o'. abso~ure r~gM te sa~d M0+2TGAvEE, and without re4erence to the
.';y o. ddr~.;a:: o+ ;'.r va ue o~ the , ropeny mortOeged er to the so vency o- ,nsc :ency of sa:d I.tiORiGAGCR w the defendants, and that sueh
' ~s f.~o: ~s, ~~~c~ ~~e. :ss~~_s a•~d re~er,ues sha~~ oe ap,,~~ed Cy wch Retr~ver ac:ord,:,g te the i~en ot eq~ity of said MORTGAGEE and the pracnce of such
..JUrt.
~ B. Tc d~ r~o•~ :•'r ~^d f.:.'y pe~`o•~n, d~sc~a~ge, execufe, e'fe:t, co~,+p:erz, ~oT~p;y rv~ih and abide by encF and every the stipulations, agreements, ~
} •,~~tio:s a~~ c,:_r.,: •5 .n 5-~d pro-~,sso-y nc•e a~nd sh.s mort~3ge ses forth.
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9. T.ac i~ T~~e e:n-• '~~e ewn_•s~~:• oi tn_ mort~ayed 4xe~s~ses. o~ any part tnereof, becomes vested in a~~wn other Than the MORTGAGOR, the
~ _'=~R7:•ti~`__ ~ s.c:• s ~•~o as>._r:s ^+ay, v~~rh~,:r ncs~ce to rne Ati~RTvAv~. deal w;rh svch successor or successor in interest with reteren~e to this
_:~~»gc o- o ~ o c ~y se.~~ed m ino sa^ee mc•~ner as w~rh t.;o•t~ago. wrthout ~n any way viLating or d~scharging the Mortgagori liabitiTy htCt
~ ~u~~ or ~~o^ mc d:,r ~•.v 5°:V';.] Ne s~~e of 1IlE F~f.T.~5P5 h~;eby mortgaged and no forbearance on the part of the ?dORiGAGEE o~ its svccesson
~ rs~.,•~s a:~d • c c>•e••s.o-. o! -hr a,->~e i~. rhe pzymcns o' !ne debf he*e~y sec~red g~ven by the MORTG<1GEf or as succeuors or ass:gns, af~all operate
~ ~ re evse, d.sc`.a'y°, rr:..-i~'y cha•.~e or a~'e:r the or~~~nal i~ao :.ty of the A".ORTGAGOR herein, either in whole or in part.
'0. tr ~s s:.~~. e~d ~haf ~~me ~s of the esser.ce ef rhis coo:ract and that ~o wawer of any ob~;9ation hereunder w of the obtgation sr
c_-rd hrrecr v,a a~ a-, tr-e ~n~~r~a*rer t;e h.:d to be a wa~.er of the te~ms hereot or of the instrumem srcured herby. .
i' . i ~ • _ _ . _ ~ . ~ , , .,~-•_n!s a p•~~~: pa' and ~~re•~s• .equ~~ed by :he p-am ssory nar scc~~ed hereb1, mortg3~or covenants
u,.c._s . c ~cc . c;,a.~ e•^•an a~.i ':onaf s.~T es' ~*'a~ed b~ mo'~gagee to be eg~ai to 1 12 of the ann~~al tost of ihe fOliow- -
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~ P-=, a._ a. ~s fe. d o ss-, s~d ng; s ehr abo.•e descr~~e d r~al es'ate. f
~ E ~ ,ds-, , .s:;~a _e es n_.rn .~~G., ~ed ro be ca•ncd e~ the ~~~roveme~ts s:tuate on th~ above desaebed prem~ses.
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~ C- P•e _ o~ s.:1: r,o•t ~-a~ oua~a~~t~- ~r.s~~~a•.:e as mytga3ee sha;! frorr r me ro t+me deem fR te carry on ihe !oan secured hereby.
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~ :'.o~r :..,~_-e • - ~ e~. . o•+_~g:,* ~n r:~~t~ng oi the a-* o.~~t d:,e and payable hereundar and s~th w^~ shafi thereupon be due and
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~ r o• _ ~ . r',. , o::Te~~t e•~d e~ch su:cess~ve m,o~~~h !he:eaii~r ~r.!ii merfgagee sha'.f nos.fy mortgagor af a change in such
. S~c s.. c~ r. •rg>~~e To+.a~d tne Ha~me~t of rea~ properry taaes. ~nsurance preT.~TS, and mortgage guaranty ~nsurance
~ . c.^.'.iu~rn5 i ~
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~ 1'v ..I'rj_3S +ne sa•d ~.~ORTGFGOA nas hereu .TO se! h~s ha~:d and se3f the day and year first aforesaid.
~ S~gned, Sea~ed/a-d d:'ive~ed in the presertce of: •,s--~ ~
~ ~'7'', ! ~u~`Lt-~ a4
~ [~Titness ~ e e . ra e ts~aq ~
;y ,
_ - % a ~ L t o~ .
~ Seal)
~ t+titness ~ L na ra ce
w ~Sea4
~
~ ~.~.7E OF I~'~C 1 1 1 1110 1 5 ~ ~
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; vUYTY OF ~'~id'ri~ I ~
Sefore me pers na;~y ap~eared k~efldell P• Drake a„d ,
~ _ _ LeOAc'~ Drake his w~fe, to me well known and known 1o me to be
_ ind~v~dvais desalord in znd who executed the foregoing inslrument, and acknow(edged before me that they execused the sartx for the purposes
•^.e.ein expressed. And tne ss~d_- _ I BOl'la Drake
- ,,:ia a~-~~f~'-~, ~tiQi]dell P_ Drakp upon a xpar~te and privat~
s. ~aaairfi~(~ ~ntit Nken sepa~ate and apart from her said husband, atknowiedged to and before me that she eaecuted said instrument freely and volun-
<,°; ta~il~.~~itAqlt,~~npuision, co•~sfra~nt, apprehens~on, or fear ot or }rom her said husband.
; t' . ~ ~„y~ _ ~_Li Nov mbe r 71
~d and ofi~c~a! seal th~s_ - day of_ A D. 19
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a,t a ~ r ;~r~~ ; -i,,,.,~ i ~ ;
_ . Notary Pub~ic in end for 1lSe State of IfIIr~ at Lsrge
- : My Comm~ss~on expires:; I I Ij] t1015
'u"$. ~,~i~~er?iir~ To: ~ - /s ~ 71/
a Loan lysso:iat~.on .
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_ . ~~,:s _~•`~o + c QECORGEO ~
- • ~i(~R~ JSerce. F._~.~> fllf~ AlIC •
_ ' Sj. WCIE GOUMtY f~ y~ ~1
~ ~ R4GE~s POITRAS ;
- ~ CIERK C?RCli1T CONRT ti
- RECORD VER~f1ED.....•~"' `
Thi; Ins~r,~ment Frepared ByWm. E. Braun w 04pV f~'
First Fede'o, J3::nq5 & ~oan Association 30 f~7
_ of Fc~* Pierce~ Florida
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- Checked By ug-_------ - ~
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PAGf 6t7J #
BOCK ;
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