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Home My WebLink About0721 . . 3. To plac~ ~nd continuousiy kc~p a? 1he bui!dings now a MreaftN sirwt~ on sa~d I~nd and an ~il equipment ~nd penonally covered by thii mor~~ p~, with ~II premiums thrreon psid in fvl1, fi~e insurance in tM uiual itand~rd policy form, in ~ ~~m approved by ~M MORiGAGEE, and winditam imurann in tM u~wt ttandard pol~ry fwm, in a sum approv~d by tM MORTGAGEE. te s~?ch comp+ny w companies u tM MORTGAGEE m+y dinttl u+d all t&~ and wind~lorm ieuuranu poticias on ~ny of said bvildinps, any tnl~r~~t tharein or part the~eof, in tM ~ie9+te sum afpcsaid a !n ~xcrss Ihtno/, sMll conuin tM uswl itar+d~rd mortqa~ cla~s~ a such otha clavs~ a~ tM Ma~qs~N may rpu'ue. maMinp Ihe lou under sa~d po1i~ ciq, each snd way. paYabl~ to said MORTGAGEE i~ Ifi If11Hff1 IMY ~i/. and esch snd ~very tuch policy sl~sll 1» p.omplly ass:gncd ~nd delivaed fo any Mid by aid MORTGAGEE a~ fwther security to s~id mwtp~ debt, and, not leas tM~ hn (10) day~ in adva~c~ of ~he expirat~on of ,e~ch polity, ~o d~- liwr b said MORTGAGEE s reoewal tMrwf, wpttM? with • reuipl for tM phmi~m of tuth re~ewal; ~nd thsr~ ahslt b~ no fir~ o~ windstorm inwrant~ pl~cad on ~ny of said b~ildirgs. ~ny intK~st tM?ein or pa~f the.wf, w~leu ln 1M form and with tM losi p+yabl~ as i(wesaidt and in tM ev~nt any sum of mon~y becomea payabl~ ~~der such poliq w policiss ~aid MORTGAGEE shall haw ~hs option ro receive and ~pply the ume on +ccounl oi tM i~debred- neu setured hereby o~ lo pe~mit ~aid MORTGAGORS to reuive u~d uM if w any part fhereof tor ofhe~ purpoaes, wi~hout thsreb~ waivi~y a unpair• irp any eq~+ty, lien or ~ight under or by virtw of this mortyage; and in tM went said lMORTGAGORS sMU fa any reason fail to keep the uid premises so insured, o~ fail to deliver promptty any of said policiet of iniura~ce to said MORiGAGEE, w fail prompNy to pay (ulty eny premium therefw or in any rospect fail to perform, diuha~ge, execvte, eff~ct, complete, comply with ~nd abid~ by this oovenaN, or ~ny par~ hsreof, said MORTGAGEE may plsce snd pay fw such ie?iurancs or ~ny part thereof without waivir+g w affectinp a~y optan. li~n. sq~ity, or right under w by virtua oi this Morrgsys, and the full amount of esch and ~wry such payment shall bs immed~~~ely dw and payable snd s}w!1 bear lnte?e~t itom ths date the~eof until paid a~ the rate of nine pe~ ceatum per snnum ~nd togethe~ with uxh intereat ahall be secured by tM li~n of this morty~ye. 1. To permit, canmit w sufFer no waste, imp~irment w deterioration of said prope~ty a a~y put thereof. 5. To pay all s~d sirpu~u the costs, charges and expenses, includi~g a reaso~able ~nwney i fee and costs of abstracts ot title, ie~cur~ed or pa3d a~ any time by said MORTGAGEE, baca~ss ot in the tvent of the failure on the ps~t of tl+e said MORTGAGOR ro duly, p~omptly and fully pe~form, dixhsrge. -xec~ts, effed, complers, tomply w~th and abide by each and every the stipul~tions, sg?eementa, conditions, and mvenann of said promissory note and this mwtgape a~y a eiihe~, snd uid costs, chuges and expenses, each and every, shall be immediatefy due and payabls; whe~her or not there be ~otice do- mand, attempt to colkct a w;f p~nd;ng; and the fvll amouM of each and every svch payment shall bear interest from the date thereof until paid ~t the rare of nine per centum per a~num; and all said costs, charges and expenses incu~red w paid, together with such i~tere~t, shall be secured by the lien of tha r^wtya9e• 6. Thst in the event of any b?each of this Mortgsga or default o~ the part of the MORTGAGOR, or (b) in the event any of sa~d svms of money herein referred to be not prompfly and fully paid within thirty (30) dsys next after the same severally become dve ~nd payabfe, wi~hout demand w notice, or (c~ in the evero each and every the itiput~tiau, agreaments, co~d~tions and covenan» of sa;d promissory note and th~s mortpa~e ~ny a ei~her are not iuly, promptly and futly performed, d~uharged, exauted, effected, compkted, compl~ed with and abided by, then in either or ~ny such event the said ag gregate wm mentioned in said promissory.note then remaining unpaid, with interesf atuued, ~nd aH moneys setured hereby, sFiall betome dve and pay- able forthwith, w thereaffea, at the opfion of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally sGpulated to be paid o~ such day, anythiny in sa;d promisiory note or in this Mortgage to the contrary notwithstanding; and ~hereupon or thereaFter at the option of said MORTGAGEE, without notice a demand, suit at law w in equity, the?efae o~ tl~eafter begun, may bt prosecuted as if all moneyt setured hereby had ma1Vrld prior to its iastitution. 7. That in fhe evenl that at the begin~ing of or af a~y time pendirg any suit upon this Mortgsge, or to fweclox it, or to reform iL w to enforce payment of any claims hereunder, said MORTGAGEE :hall apply to the tourt having ju~isd;ctioe~ the+eof fa the appoi~tment of a Rcceiver, such Coun shall forthwith appoint a receiver of uid mortgaged propcrty all and singular, includ~ng aIF and sing~lar the ~ncome, profits, iuues and revenues from whateve~ source derived, each and every of whith, it being expressly understood, is hereby mor~gaged ss if specifitalty set forth and desuibed in the gr~nting and habendum cleuses hereof, snd svch Receiver shall have stl the broad and effective funct~ons and powers in anyw~se entrusted by s Court ro a Reteiver, and such appointment :hall be made by wch Court as an admitted equity and a matter of absolute right to said NIORTGAGEE, and without refere~ce to the adequacy w insdequacy of ~he valve of the properry morrgaged or to the sorvency or insolvency of said MORTGAGOR or the defenda~ts, and that such renu, profits, income, iss~es and revenu~s shalt be applied by such Receiver according to the lien or ~puit'y of ssid MORTGAGEE and the pradice of such Coutf. 8. To duly, promptly a~d fully perfwm, discharge, execute, eifect, complete, comply with and abide by exh and every the stipulations, agreements, conditions and covenaros in sa~d promissory note and this mortgage ut fwth. 9. That in the event the ow~ership of the mortgaged premises, or a~y part thereof, becomes vested in a perwn other thsn the MORTGAGOR, the MORTGAGEE, in wcceuws a~d auigns, may, without notice to the MORTGAOR, deat with such successor or successo? 7n inrerest wi+h reference to thia ! mortgage and the debt he.eby secured in the same manner as with Nbrtgsga without in any way vitiating or d~scharging the Mortgagori IisbElity hrrr under w ~pon the debt hereby secured. No sale of the Fremises hereby mortgsged snd no forbearante'oA tht part of the 1WORTGAGEE or its svccessors or assigns and no exrension of the time fw the payment of the debt .hereby sec~~ed given by thc MORTGAGEE or its successors or auigns, shall operate to release, d~uhsrge, modify change u affect the originat liability of the MORTGAGOR herein, either in whole or in put. 10. It is specifically agreed that time is of the euence of this contract and thst ra waiver of soy obfigat~on hereuoder or of the obligation se- cured hereby shali at any time thereefter be hetd to be a waiver of fhe terms hereof or of the instrumenT secured herby. 1 i. In add~tio:+ to the forego:ng monthly paymenis of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folfow- ing: A-All real p~operty taxes (evied w asxssed a9ai~st the above descri?sed real estate. B-Premiums or~ fi~e and windstorm insurante as herein rcqu~red to be tarried or~ the improvements situate on the above described premites. C-Premiums on such mortgage guaranty insurance as mortgagee shall f.om t;me to time deem fit to carry on tF~e ban secvred hereby. Mortgagee shall irom time to time notify mortgagor in writing of the amount due and payable Fcreunder and such sum ahall thereupon be due and payable on the due date of the neat mor~thly payment and each successive month thereafter urtil mortgagee shall notify mortgagw of a charge in such amount. Such sums sF.all be applied by mongagee toward the payment of real property taxes, insuranca prem:vms, and mwtgage guaranty insurance p~emiums. IN WIiNE55 WHEREOF, the said MORiGAGOR has hereunto set his hand and seal Yfie day and year first sforesaid. _ Sig~ed. Sealed a:~d delivered in e pressnce of: . , db en c~ L, Th sas A. Drawdy an ! ' a4 ~ Linda R . ~ Drawd ~a~ ; STATE OF FIORIDA ! ~ couNn oF St. Lucie Before me penonally a ared T110~5 A. DZ~~~I e~ ~ L~iida? R. D rawdyl his wife, ~ to me well k~own and known to me to be ~ the individuals described in and who executed the fwe~oiny instrument, and acknowtedged befwe me that they executed the ssme fw tbe purposes rhereio expressed. And the said Linda R• D2Arf~,~1 F ' wife of tF~e said Tho~~as A• Dl~1fd}? - upon a separate and private ~ examination by me taken separate and apsrt from her said husband, ~cknowl and before me that :he executed said instrument freely and volun- s ra.ily and without any compulsion, constroint, apprehen ' p,-o ~e~r of w f !xr sa' usband. . ~ WITNESS my hand and official ual thi ~ day of p ~19~a~.f'-~; ~ ~ , ~~~.•4; ~I( %~~r~ a_*~~'' E Motary Publit in and for the State of E~ric~~s1'Ufgs.'= . ~ ~ My Commiuan expires: . ~ , • £ Return To: ` C ~ First FedHal Savings 6 loan Aasociation = = : ~ ~ _ ^ Of Fort P~erce. ~~4~ NOTARY PUBLIC, STATE of FLOR10a~ ~ ' _ ' Fort P~erce, Florida g MY Ci~iNl1l15~IOt7 EXPIP,ES 1A1'li Il • ~ J3'+ ~ ; ..~...w .,y iur?enun f3aaken Inse'd#~~ 9 G` ~ ~ 1 ~1 ' 4~. : _ _ ~ . p This Insirument Prepared By D. I~ . Hol¢rger ~ First Federal Savin s 8 loan Association t y~- Q~tQ : of Fort Pierce ~ Rlozids ~`M~ ~~f1~~R6A. ~ . /~-i,~C1~-, r=„~isAB ~ t~ q~ ~ Checked By ~~~F.R 4~ -~JIi ~4~,~......ti•• BOOK214 °AGE 12z, ~ 'Fr,~?F:" vE~ jFa = M~r I! az t~'z3 E F sb C i ~ } ~ F ~~'an~``~.~,r"~..~>~--~ ~ ..s`N _ -