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TO p~Kf M~ COMi~h10~N1y 1cNP O~ IIM bwld~ rqMr W ANNhM MW~N M Mi/ IMM~ M/ O~ 1~ ~Vu~rMM M~/ prNMtly COVM~ ~ tAi~ iw0~
pw wirA ~11 p~w~iwM ?M+wn pa~d in fvlt 1~~ in~w«~c~ in NM ~wN ~~wdwd V~+ql lMw~. Y~ ~ w~ ~pprow0 Or N» MORIOAGEE. ~..~w
~+vww~n in tM vw~l ~~~ndad po~sy fan~. Y? • wn~ ~ppowd b~t ~M MOR1GAGtE. M~ wcb oowp~nr a ww~~ M Me MOt~GAGEE w~
d~~c4 ~nd NI fin M+d wind~wnn intw~nt~ pol:t»s on ~r ol ~a~d bu+ldr~, ~r inq+~N tlwein w prt 1AN~o1. M~ pryrp~N wew ~~w~wir
tn ~acwa thawl. ~Mtl coeN~in tM ww1 NMd~rd nwr'•9pN c~wN a wd~ at+M dwN M 11y Maqp» wwtr ~p~?~+~. w?+?Mp Ny ba wda sMd Pe
c».. ~ach .nd .va~r. a~r+bb a s.W MMTGAGEE a~n ia~~..~ nwy .;pp.... ~nd .acA .nd tv..y w~d~ po~~cy sMU b. proTp~y .a9•wd .~d d.tiwnd +
N?y Mld by w1d MORTGAGEE a fwtlw ~ecwity ro wid ~naqap~ d~W. Md. ow 1~ N+M ~(101 d~ys in ~d.~na o! ~M ~api.N~oe of ~A Po1~cY. to d~
livN b~aid MORTGIIGEE •?~wal tMe~of. wppMr witA ~ r~e~ip1 fp fIN prMniy~w pf weh r~wN; ~+d tlw~ ~Mlt bt no 1w~ w wi~duan? iMwN+e
ptacid on ~ny of ~a+d bulld'wqw N?p inq.~a tMnin a par~ N»rwf, val~s~ ie ~M form ~nd wi~A tM low p~yabl~ ~~for~ids ~nd in tM ~v«u ~ny av++
of mon~y beconw~ p~~able wida wd+ policy ar poticiN wd MORTGAGEE ah~ll Mw tM op~~on ~o ~eu~w and ~pplr t1r w~ on ~ccovm oi rM «~d~Wed
n~u wcwd M.~by a a pKmit wid AApRTGAGOIti to n~uiv~ ~nd vs~ H a~ny pM1 /A~rp1 fa o~hcr p~,rpo~e~, w~+hou~ ~ha.sb~ wu~i.,~ ~~o,p,~r
+~Y «w~0?. ~iM W fi~h1 {N1~~ Of by VI/fW Of N1ii A10tt~~Qfi M1d i11 1M ~VMt Nid MORTGAGORS fIVII fp NIy fMiOf1 f~1) !O I4~p 1hf Mid {MMN~H i0
inaur~d, p f~fl W d~GvN P~~R~~Y MY of 1aW po1KiM of inwtant~ b Mid MORTGAGEE. w fail promptly to p~y fully ~ny prtmivm thtr~fp w in ~ny
?~~paa f~i! b. pN1wn~, di~durp~. ~a~cvt~ ~ff~ct, compt~~~, oompy wirh and abid~ b~r N+~s cownant, a u~y par~ M~wf. wd MORiGAGEE m~y p1~ ~~.d
P+Y fw tuch irNw~ a~nr put Uw~eof wiriaut w~hrieq or ~ff~dN+p ~np eWion. ~i~n, p~iry. a ripla v~ w by vi.tw of ehis IYtwtqap~. M+d ~he .
fu11 ~nw,im ot Nch ~nd rwry wch paynwnt ~N b~ imrmdiaMly dw u~d pY~ ~nd ahdl b~~r int~r~u frwn t!r dat~ tM~wf umi! pa?d ~t tM rat~ of
n~r» ~ ty~twin pM amwm ~nd toyether w;th wch inrKe~t ~hatl b~ secvred by M~ li~n of Hus nw~ap~,
1. TO PM71~?. OOI~N11~1 Of 1YffN Iq Wallf. ~II1P~1frtMflt p dflNjOf~t10A Of ~id ptOpNty Of My p1f1 ~ItflOf.
S. To pay ~II ~+d siepvlsr tM cosh, cMrpa and ~xp~?se~, includinp • nasonabl~ anwrny'~ f~ «d cwn of abst.acn o/ titt~. incw.~d w p~id a~ .
eny time by said MORTGAGEf, b~tauw p i~ th~ tv~nt of th~ failvr~ on tFy part of tM saW MORTGAGOR 1o duly, p.omP~ty .~,d fi,uy p..t«m, d~scha.9..
e,cec~te, effM, complet~, uxnply with ~nd ab~d~ by each and ~very tM stipubtioro, prsanNnfs oonditioea, snd cowna~n of s•d prom~sso~y nor• •„d ~his
n+ortyip~ ~ny a ei~Fwr. and ud cosN dwr9a ~~+d ~apenMa. ~ach snd ~wry. shall b~ A+~d'utely dw and P+y~bl~: whe?1»r or na tMr~ be norice dr
mand, ~nempt to oollect w wit p~nd7ny; ~~d th~ fv11 amount of each and evay such p~ymsm ~11 b~a? int~nat from th~ dat~ tFweof wnil paid at the
rate of nine pe~ centwn per am~m; and ~II said cost~, ch~rpes and exp~nses i~curnd p paid, topether with wth interqt, shalt b~ a~cw~d by th~ lien of tha
mortyay~. •
6. TM~ (a) in tM ~vMt of ~ny breach of thi~ Mortp~ or d~fwlt on tFr pan of tM MORTGAGOR, w(b) in tM ~wm w?y of s~~d sums of mo~ey
herein nferr~d to b~ not prompHy u~d f~lly paid withi~ thiny (3p) d~ys neat after 1M sam~ a~venlly b~cwn~ du~ u~d payaW~, witho~t d~mand w norice,
or in ths swnt e~ch ~nd ~very tly atipulationi, ayr~smtnp, cond;tions +nd covee~nq of ~atd promiuory nou and tF?is mprtpap~ ~ny a ~itMr ar~ ~ol
iuly, prompty and fully p~rform~d, discharped, execvted, effected. compkted. complied with ~nd abided by. th~n in ~ifMr or ~ny such ~ewm tM s~id aQ
gregat~ wm mentaned in said promiuory not~ tMn r~maini~p unp~id, with intere:t ~cuued, and a!1 montys s~tur~d Mr~bY, sF?ill b~come dw and ~vy~
able fwthwitl~ o~ thereafter, at tM option of said MORTGAGEE, u fully ~nd compbtely as if sll of the said wms of aamy were wqin~lly st~pulated
to be paid on wch day, a~ythinp in said promissory ooh w in thb Mortpaqe to the contrary notwittuundinqj and thKe~pon or fher~ahK at th~ oprion of
said MORTGAGEf, without notin o? dsmind, wit at Iwv w tn puity, tF+erefor~ or ther~after bepun, may b~ proa~tvted u if all mo~eys s~cur~d hereby
nad m~rured prior lo in institvtion.
7. Th~t in tM went tMt ~t tM beginning of or ~t any tim~ pendinp any wit upon thi~ Mortpipe, or te foreclo~ it, w to nform it, o? to enforp
payment of ~ny cfa"ans herevnder, aaid R~{ORiGAGEE sl~sl! apply to tl+e Cousf havir?D jurisdiction thereof fw tM appointment of • Raceiver, such Cwxt sMll
Forfhwith ~ppoint a rsceiv~r of said mort9syed prop~rty ~11 and sing~l~r, intlud~~g all and sinpular th~ intoms, p~ofits; htws ~nd r~venues from what~ver
wurce derived, each and wery of whkh, it beirg ~zprouty unders~ood, is hereby mortyaged u if ipecifica!!y set fwth ~nd describ~d in ths p?~nrinQ ~nd
habendum davses F~ereof, ~nd wch Rec~iver sha11 h~ve +II tM b?oad ~rid effetrive functwns and powert in anywise entrwted by ~ Co~rt to • Receiver, and
such appointment sMtl be made by wch Court u an ~dmirted equity ~nd • maner of absolute riyht ro said MORTGAGEE, ~rd without nie?tnce ro th~
adeqv~cy or inadeqwcy of tM valw of-the property mortDiped or to the towency a inwlvency of said AhORTGAGOR a tM def~ndants, and that such
renrs, profin, incarw, iuues and revenues ihall bs applied by such Receiver accord~ to tM ~ien w puity of s~id N10RTGAGEE and the praetic~ of svch
CouR.
B. To dufy, promptly ard fuNy perfwm, dixharye, ex~cute, effect. mmptete, comply with ~nd abid~ by sath and ~very th~ atipulations, ~qnemeny,
conditpiu and covenants in said promiuory not~ arxl thu mortya~e set forth.
9. Thst in the event tM ownenhip of tM inortyayed premises, or any part thereof, becomes v~sted in a p~non otMr tha~ the MORTGAGOR, the
MpRTGAGEE, its successors a~d sssiprn, msy, withovt notice ro the MORTGAOR, de~a! wFth such wccessor p auaessor ;n inlNest witA rtference fo this
mortpa~s ~nd tAe dcbf heieby secured in tFN same manner as with Mortpapor without in aey way vitiatirg or diicMrpinp tht µprtya~ors' liability hen-
under w ~pon the debt hereby satured. No sate of tM premises he~eby mortqs~ed and ia fwbearanu on tht part of tM 1MORTGAGEf or in successas
o~ suigns and ra e:rension pE the time for the psymeM of the debf hereby secured ~iven by th~ MpRTGAGEE a iq sucps~or~ pr auipm, pp~rat~
to release, disch+rye, modify cMrg~ or affect tM oriyi~sl liability of the MORTGAGOR htrein, ~ither in wiwl~ or In put.
10. It is specifically sgreed that tims a of tM euence of this contrsct and that no w~ivsr of any oblipation heteunder or of fh~ obliy~tion se-
cured hereby shall at any tims theisafter bs held to bs a waiver of the terms hereof or of the inauume~t s~cured he?by.
Il. In add~tion to the forego:ng monthly payments of princ'psl end intereit required by the promissory rare secured hercby, mortpsgor covenants.
and ag~ees to psy to mortgagee with each monrhly payrnent an add~iwnsl sum est~mated by mwtyyce to be equal to 1/12 of the annu~l cost of ths fdlow-
ing:
A-A!! rea! property ta:es kvied p asssssed agairut the sbove dssuibed real e~tate.
B-Premiums on fire ~nd.windstorm insurance a~ herein requ~red to be urried on the improvemeM~ situate on the sbove desvibed premise~.
C-Premiums on such mortgage 9uaranty insurence as mortgsgee shall from time to time deem fit to urry on the loan ucured hereby.
Mottgsgee shall from fime to time notify rtartgagot in writiny of the arraunt due and pay~ble hereunder snd stxh ~um shall thttevpw~ be dye and
payable on the due date of the next monthly payment and eath svcceuive month there~fter ur.til mortyayee sMll notify mortpayor of • chanpe in such
amouM. Such sums shsll be applied by rtwrtysyee toward tF+~ payment of res! property taxes, i~surance prem:vrtu, and mortpsq~ ywranty inwrance
premivms.
IN WIiNESS WHEREOF, the said MORTGAGOR hss he~eunto set his hsnd and sesl the day ~nd ytar fint ~foresaid.
i nsd 5~ ed an ~eliversd in • pra of: ~
~ L~~ f~ea4
eth R. Dr N ~
n
vel L Drew ~
STATf OF FLORIDA ~ '
SL . [.uC le
courm oF
e.f«. R» ~.o~.ny .~..~.d Kenneth R. Drew
and
Evelyn I.. Drew ha wife, w M,.n ~,o~, .,,a k„o~, so o,, w b.
the ind'rviduats dNCribd in ard who ~x~out~d th~ forpanp trutrument ~nd adcrwwledyed befor~ erse th~t they exewted ti~ ~an» for th~ pwpw~~
rh~~ent •xpr.sted. Md M,. „sa ~ Evelvn L. Drew
wlfe of ths iaid lCQRA~th R DreN upon . separ.r. snd prtv.t~
examinatan by m~ taken separate and ap~n from h~r said I+usbarxl, Klcno,wledped to ~nd b~fwe m~ that ah~ ~:~tuted aid irotrumanf fretly and voWrr
rarily u~d witAout ~ny compulsio~, corat~~int, ~ppnh~ruio~, o~ hk of or from I~er ~+id huaba~d.
WITNESS my Mnd ~nd officia! ssal thii 2~ ~y o? A. D. 19~
~ ~ C
Notary Pu k in a+d fw th~ St~t~ of fbrid~ d l~rp~
Rttvm Ta MY Commiuion ~apireu
Fint F~denl Savinps 3 toan Aiwciation NOTA7f PtiBLIC, STATE o! FLORIDA at LARGE • , :
M~ COMMISSIOM EXPIRES S::Pr. 9. 1974
Of Forf V~erce. iWNOED THROUGM fRED W. OIESIELNORg7 -
Fort Pierte. Florida 3.` • _
~yVr
•i!
f 11.E0 JINO RECppp~ _ ~:f~ . i
L WCIE COU111Y flA. i
This Instrument P~epared By ,1ohn W. Coll ins ~~CR VOlTRA= •
CCERK CIRCUIT COURT ~
First Federal Savings 6~ Loan Association
~a~ ~1 ?
of Fort Pierce RECORD YER~FtEO , • ,
, Florida ~ ;
~ ~ ~ :
~c
, ~ t`.
Checked By ~ ~ W Z ~ ~ ~1 ~ ~ .
~o~C~ 228041.
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