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To piau ~nd conHnuou~lY k~eP on tM buildi~ps now a MreattN ~iw~u on ~aid land ~ed on ~11 eqvipm~nf ~nd p~.wn+~hl cova~d by thi~ mat~
•q~. with ~II p~miw~cs ~Fu~~a+ W;d in fvll, fin iotur~nc~ in ~M usual ~ru+dud poticy fwm, in ~ swn approwd by tM MORIW?GfE. +^d wind~tam i
insuranc~ t~ tM ~nu+l ~ar~rd pd~cy fa~n, in ~~um ~pproved by tM MORTpAGEE, in wch canps~Y or ta^p+^i~s tM MWRTGAGEE rtuy . `
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du~d~ ~nd aU tir~ a~d wind~to+m k+iwanu policies a? u~y of sad builduqs. ~ny Inf~nst ~her~a~ or p+r1~IM~wt, In tM apy~~p~b swn afasiaid a f
in ~xceu ~Mrwf, ~h+ll contsin th~ vwal suodud ma~9+~M c?avw or such ofha claus~ s~ t1w Mor~payN in+Y rp~w~. m~~inp 1M loa und~+ a+d Polb .t ;
ci~s, esch ~r+d ~very, paYabl~ to ~aid MORTGAGEE +i its inter~s~ may ipp~+~. +~d e+ch and ewry svch poiicy iMll b~ p~omptly ai~:gncd +nd detivered ~o
~ny Mid by ~aid MORTGAGEE a furthsr ~ecwiry 1o aW mortya~ debt, ~nd, no1 lsss than I~n (10) d~ya In ~dvanu oi 1M expir~tion of ~ath pol~cy, fo da
I~~er ro said MORTGAGEE a r~~xwal ~herwf, ~ope~hK v~rith a rec•~p~ ta ~M p.e++++w~ oi such r~newalj ~nd ti~~ sh+tl b~ ~o fir~ or wi~dstorm i~surana
ptac~d oe~ ~ny of uid b~ildinp~. ~~y intN~st tFw~in ar part tM~wf, unlea in th~ form ~nd wi~h tM loss pay~bl~ u•fa~saidj ~nd M tM •vent any sum .
of mon~y b~can~s paY+bi~ und~r avcl? pdicy or Pol~cl~s wid N10RiGAGEE sMll haw ~h~ option W r~iw aod sppiy th~ sun~ on ~~1 of the ir~bted~
rvl~s setv.~d hKeby w ro pstmit faid MORTGAGORS ro recaive ind ~ it a~ny parl thereoi fw othr~ purpo~q, without the.eb/ waivi,.9 a ~mpair• M,
iny any puity, IiM w rlyht undN w by virtw of this mottpsy~t ~~d in Iht ~veeu sa~d MORiGAGORS sh~fl fw any nawn f~il to k~sp the s+id p?emiiea so
inaurcd. or fatl w d~live~ promptly ~~y of iaid policiss of ir?ivranu ro ss)d MORTGAGEE. a fail promptty to p~y fuilp any prereium therefor or in ~ny rti./ -
respect f~il b pKfwen, dixhar~e. ixecuts. ~ffea. comPtete. comptY witA and abid~ by this covsnsnt. a~ny part hawf, uid MORTGAGEE may pl~u +~+d ~t -a
pay fw such Intvraec~ w a~y p+h tl+Heof without waivirg or ~ffedinp a~y optio~, lie~. p~~ty. a right w+der a by virtw of thii Mortyay~. ~nd the 'a~ i
full ~mou.a of ~ach and ~v~ryr wch paymsnt shsll be imme~iately dw +~?d payable ~nd shall bear i~taest irom tlw dat~ thsrwf ~rn~il paid at th~ raq ol
ninp P!f tMfVM pOt annum and togetMr WIfA fUCF1 ~n~NHt tFN~~ ~ SltUfifJ ~ 1IN IiM O~ tFU3 ~IIOf19~Q~. '
1; To permlt, commit or suft~r no waits, impai~ment or deterior~tion of said property a My pa?~ thK~of.
S. To p+y all and sMgular !Iw cosb, thhsrp~s +~d exps~ses, includi~p ~ rea~onabk ~ttor~ey's fee a~d cwts of ~bstr~cts o! titl~, inwrr~d a p+id at
a
sny time by s+id MORTGAGEE, b~cause o~ in the event of the fa~lw~ on th~ p~n oi the sa~d MORTGAGOR ro duly, prompdy snd futly porfo~m, d~xh+r9a
execute. effect. oompl~t~, comphr with ~nd ab~de by e+d+ and ~very the stipulaiwru. agreements, conditions, ~nd oovs~anq of sa~d promi:wry nota and ~hw
morrg~ye ~ny or ather. and said costs, dw~s and ~xper?xa, each and ~wry. sh~ll bs imrnedietcly dve and paYsbl~s wM~htr a ~+ot th~n bt notics dr . t
mand. ~nempt ro cofkct or wH p~nd;n~j and ti» full amouM of each and way s~ch p+Ymon~ sh+ll b~a' i^~cr~at frwn th~ d+t~ thtreof until paid at ths 4
~are of n~ne per ce~tum per ~ruwm; anii all said cost~, charges and expenus incurred w paid, together w~th such i~~ereit, ~hall M sttured by tht lien of tha ;
mortysye. ' '
6. 11~+t (a) ie~ the ewnt of any lxeach ot this Nbrtgag~ w defaull on the part of the MORTGAGOR. w(b) In the event ~ny of taid svms of moe~y a
herein nfe~r~d ro b~ oot promptly and fully paid within thirly (30) dayf nex~ site? ~he same sevn~py becom~ dw s~?d payabb, without d~mand or notics.
or (c) in tM ~wn~ each +~d every tM stiputatio~s, ~greertKn», conditions and covenann of i+~d p~omis~wY no~~ +nd thw mortp~pe anr a~ithe~ ~n ~ol k
iuly. wanp+ly snd iully pwformed. d+scharged, executed. eiiected. completed, compl~ed w~~h and abiskd by, then in ~ither w any such ~vent th~ said ~g ti
gregat~ sum mantiw~ed i~ aaid promissory rata then remainlrq unpaid, with interul ~cuved, a~d stl m~inays secvr~d hertby. shall becwrN dw u+d Wri
ab:e fwthwith. or tlxr~a(ter, at the optio++ of said MORTGAGEE, u fvlly and canpletely as if sll of the said wms oF money were ori9uully it7pul+ted
ro be paid on avch day. ~nythinp in said prom~uory note or in tha Mortg~ge to the co~rrary notwitlu~s~ding: and thereerpoe or thersafter at ths optioe? of
said MORTGAGEE, without notice w demand, suif at law or in equity, fherefwe a thereaiter begon,'may be prosec~ted ~s if ap naneys sewred hereby '
i
had matuted ptat fo ifs institutioo. :
7. ihat in the event that st the begi~~ing of or at any time pe~ding snY su~t upon this Mo.tgage, or to fweclo~ it, o? to teEwm it, a to enfo~ae
paymeM ol ~ny claims Mre~rnder, said MORTGAGEE shatl apply to tMe Coun havi~g jur~sd~dion thereof for tha appaintmei~t of ~ RKlivlf, such CouA th+ll
fo,thwith appoint • receiver of ~aid mo+tgaged p?operty all and singular, includ+r.g aIl arxl singutsr Ihe inmme. p?ofits, iswls and revenves fran whsle~et
seurce derived, eath and every of which, it being expressly undentood, i~ ixreby mwtyaped u 14 specitically sef forth a~d d~icribed in the prantir~y and
habendum ctauses hereof, and s~ch Receiver shalt have sU the bro~d and effM:ve fu:+ctans u~d powas in anywis~ enlrwted by a Cou~t to a Receiver, snd
s~ch appoinlment shall be made by such Court ss an admitted equity end a'rr.attcr of absoiu~e ri9At to said N10RTGAGEE, and ~withovt ~eference 1o the ~
adequacy w insdequacy oi the valve ot the property mo.tgaqcd or to ~he so;vency or insolvency _ of said N10RTGAGOR a the d~fendann, ~nd that ~uch
re~ts, profin, income, iu~es and rovenues shatl be applied by such Receivcr xcord~~g to the lien or equity of said MORTGAGEE a~d the prectice of such 4
Court. - ~ ~
8. To d~ly, promptty snd fully perform, dixharge, execu~e, effect, compkte, comply with and abids by e~ch and wery the stipulations, +greements,
conditans u~d coversanta in u~d prwnusory note and this mortysge sEt fwth.
9. That in the event t?ie ownenhip of the mwtyayed premises, w s~y part thereof, becomes ve~led in a perwn other thsn the MORTGAGOR, fhs ~
h'.ORTGAGEE, its successors and suigns, may, without nofice to rhe MORTGAOR, deal with such successw ot svcceisor in i~terest with reference to thia
mortgage and the debt hereby secured '+n the same manner as with Nbrtgagor w~thout in any way viti~tin~ a dixMrying the Mort~sgors' liability herr i
under or upon the debt hereby secured. No sa~e of th6 premises hereby rtwrtgaged and no forbeuance on fhe p+n of the MORTGAGEE a iri tuccessws ~
or assigns and reo extension of the Hme fw the paymrnt of the debt hereby securtd g~~en by the MORTGAGEE or iri successors or astiyt~s, sh+~~ eperatt
~o release, d~xhar~, mod~fy change or affect the original IiabiLty oi the 1NORTGAGOR herei~, either in whole or in part. ~
1Q It i~ specifically agreed thst time is of tha esse~ce of this contrad and 1Mt no wsiver of any obl'~g~tion herevrwler w of 1M obliyation fs- }
cured hereby :ha8 at any tirt:e the~eafter be held to be s waiver of the terms hereof w of the irsstrumeM secured herby. ~
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11. In add;tion to the (orego:ng monthly payments of princ~pal and interest required by t1?e ptom~ssory Rote setured hereby, mOrtgagor Coven~M~ f
and agrees to pay to mortgagee with each moothly payment an add~rional sum est~mated by mortgagee to bt equal to 1/12 of the annual tost of the follow- ~
ing: •
A-All reaT property taxes levied or ~sxssed against the above described real estate.
B-Prtmiums o~ fire and windstorm insurartte ar herein ~equ~red to be wrried o~s the improverrKnts sit~ate on 1F?e sbove desuibed premises.
C-P~cmivms on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to urry on the loan setured hereby.
; -Mortgagee shall from time to time notity mortgagor in writing of the smount d~e and payabk heteunder snd suth wm shall thereupon be due sr~d
r e ~~~ble oo the due date of the next monthly payment and each successive month thereafter urtil merfgagee ahall notify mortga9or of a chaege in wch
! a~r~ount. Such sums sha11 be applied by mo~tgagee toward the payment of reai property taxes, inwrante p~ , a guaranfy inwrante
p•emiurtq.
E IN WITNESS WHEREOF, the said MORTGAGOR has here.unto sst his hand and sca! the dsy and y fir afor id.
~ Signed, Se and in the presenoe of: / ~
i . a~
' iel Phili Gza n
- n
~ Rebecca Jean p
raTe oF ~oa~oA ~
St . L„cie ~ ~
~OUNtIf OF
eefore ms persa+ally appeared Daniel Philip Grav Jr •++d
ReDeeca Jean Gzay his wife,.to me well known and known to me to b~ ;
~he individvsli described in ~nd wFa executed the fweyany instrument, and ~cknowledyed befwe me that they executed the aamt for fhe p~rposes j
therein a:P.~~d. n.~a tt,. Rebecca Jean Gray
r. ~fe of th~ sa~d 1~2?n ie l Ph i l ip G=8y _~rpw~ • sepasta a~d priv~t~
e:am;nation by me taken separ+te and apart from her said husband, xkrwN-ledped to and before me that she executed said irat~~~.cument, frttly ~nd vo~un-
ra:~ly and without sey comp~i:ior+, caatraint, apprehens~ ry~ot feu of rr fran her said husband. ~
WITNESS my hand and official seal thi~ day of NOV! `j ~r• ~„b,,19 74
~ tsry Public~ or t~e ` aftti ` • ~srqs ` : .
My Commisi ~xpirts: " ~ ` r-
aet~m To: F LED AMD e~EC0A0Ep ~t 3'"''
S~. LUCIE COUMTY FLA. L'-; ~j •
First Federal Ssvings b Loan Associatron r•
ROCER PO~TRAS
Of Fort P~erca CLERK Cl~?CUIT CQURT ~',~j ` •
Fert Plerce, Flw~da RECORD YCRsFIEO ..~r~
~ '~•"~N' ~~~1`~~~ ~
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'i~ ~ ,
Mo~rr 8 11 oi PM ~ -~J~r~r~r~s~~~+''' .
M ,
y 3R•;~
Y`~:_- .
This Instrument Prepared By John W. Col1 ins A
First Federal Savings b Loan Association ~ 2,9~.7ss
of Fort Pierce , Florida
Checked By~
~ooK2~33 '~~~.54~
~ ~ . ~ ~
~y~ . ~ ~
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~^.~t°~,~3~ s~ ~ -
r~.w"~--- °~T ~ , _
~ ~ s~~~
. _ M.