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To plac~ and continuou~ly k~ep on the bu~!d~r,gs now a hereahe~ situate on ~a'rd la~d and on all equipmenl and perwn~lly covtred by thi~ mort~-
age, with ~11 premiwni thereon pa~d in full, tue ins~ronca in the ~sv~l sfand~rd po~~cy fam, in a tum apwoved by ths MORiGAGEE, ar.d windstwm -
~nsur~nc~ in tAe uswl ~?andard policy fwm, in a sum approved by tF~t MORTGAGEE, in wth tompany o~ comp+niK u Ih~ MORTGAGEE m~y
d~~~c~j and all (ir~ •nd wmd?twm insuruxe policies on •ny of said bv~~d~~+gs, any imeresl therein w part therwf, in 1M ay~rayate sum alwtsaid or r~_
in exceu ~he~eof, ~h~ll contein tM usual standard motlgagea claus~ or ~uch other clauss tFw Mor~y~qe~ may requh~, ma?inp tM loss unda as~d polF
c~es, each and evc~y, payable to said AItORivAGEE as ~~s ~merrst may ~ppear, and rach and e~ery such poticy ihatl be prompdy ass gned a~~d delivered to
any held by sa~d A10R7GAGEE as furthe~ seturity lo s~id mor~gaqe debt, and, not leu than ten (10) days in advancs oi the expi~ation of tich policy, to da
G~rr to said MORTGAGEE s ranewal thereof, togerhrr wi~h a recelpt fw ths premium of such renewal; and there ihalt bs ra i~a o~ winditOrfi inSYtiM~
placed pn sny of siid build~ngs, any intera~t 1he~e~~ or part thereoi, unlrss in tFK fo~m and witA the ~oas payabl~ aa afaesa~d; and in the event any ium
ot money becomes payable :.~~dc~ such policy a poGcies iaid MORTGAGEE sMll Mve ~hs opt~on ~o receive and ~pply the sune on atcouM o1 ~he indeblod-
ness secv~ed heruby w ro permit said MORTGAGORS to receive and uss it a any pa~t ~hereol tor other purposes, w~~hout th;~~o~ watwi,g o~ unpair-
~ng any eqv~ty, lie~ w righl u~der or by virtue o( thls ma:tpsge; and in the event ~a~d MORTGAGORS shaft iw any reawn fail to keep the sa~d premisrs w
intvretJ. pr fail to deliver rom tl an of said licies of insuranta to said MORTGAGEE, W lail om tl to full an remium there(~ M in a~
P P Y Y Po P~ P Y P+Y Y Y P Y
rrspect (ail ro pertorm, d~scharge, execute, effect, canp!ete, comply wi~h and abids by thii cove~anl, o~ any part hereof, said MGRiGAGfE may place artd '
i... .~L : ~I.~.~..f ...:~M.a ...~i..:.v. .v .{f.rfuv. anv nnfie~n lun we~u:iv. ~r riahl undef d kfv ~irtue of thii A~dtO,Od. ind t~1t
f~.i amoum ofweech and every such payment ahat! be ~mmediately dve and payable end s~+all bear e~tcrest from rhe date thereof umil paid a~ the ra~e ol
~•:e per centum per annum and logrtlsrr wi:h such interest shai! be secura.~ by the lien of 1h~~ mottgage.
1. To permil, tommir w suifer no wasle, impairment or dererioratio~ of said property p any parf 1he~eof.
5. To pay all and singuia the costs, charges and eapenses, including a~easonable attorney i fte and coars of abstrstts of title, incurred or paid at
~n> >in:e by said MOR1GAGfE, becauu or in tF+e evem of ~he fa~iu~e on the parr of ~he said MORTGAGOR Io duly, promptly and fully perform, dixharge,
=xecute, effect, complete, comply wnh and ab:de by each and every the atipulat~ons, agreements, conditions, and covrnanri of sa~d promiawry note and thii
,,,orrgage any or either, ar.d sa~d <osts, cMrges a~xl e:penses, cach and every, shall be immediately dve and payabls; whNher a not there be notice d~
mand, attemp~ to collect a suit pend~ng; a~d the full amount of each end every such paymem shall bea? interest lrom the dste thereo) until paid •1 the
• r~~ oi nene per censum per a~~nu~n; arK! all said costs, cnar3es and capanses ~ncurred w paid, ?ogether wdh suth in~erest, shall bs ucured by the lien oi thi~
mortgage.
6. That (a) in the event of any breach of this Mwrgage or dafau~t on ttr_ part o( the MORTGAGOR, a(b) in the event ~ny o( ~aid s~ms of money
hercin relerred to be not prompfly and fully paid with~n thuty (38) days next a{t_w fhe same severally become due and payable, without demand O~ notice,
or (c) in the evenl each and every the stipu4ationa, a3reements. cond~tions and covenanta of sa,d promissory rate and th~s mwtyage any or e~ther are nof
y~:y, pro~nptly and tully periot~ned, d.scnarg~d, execu~ed, e;fecred, canpiereo, compl~eo v.~~h and aoede~i by, Ihen i~ ei~her o~ any su~h eve~~t ihe sa~d ag
yn,gate sum mentioned in sa~d promissori ?w~te then rerr,aininq unpaid, vyith interest acceued, and ail moneys secured hereby, shall become due and pay-
a:~e forlhwith, or thereafter, at the opt~on of sa;d'MORiGAGEE, as futly and comp`etely as if ail of the said sums of money were aiginally s~~p~~iated.
t~ he paid on Suth day, anything in sa.d prom~ssory no~e or in this Mwtgage tc th~ connary notwilhstandirg; and thareupon or theteafter at the Opfion of
s, i MORTGAGEE, wAhout nonce o+ de~nand, s~it at law or in equity, thereiu~e or thereaiter begvn, may be prosetuted as if atl moneys secured hereby
~~aturcd pnor to :ta ir.sti!~tdcn.
7. Thaf in the event that a~ the 6aginn~ng of or at any rime per.d~~.g any su;t upon tl,is Mortgage, or to ioreclose it, or to retorm it, or to enforc~
.;~-.ent of any tlaims he~eunder, sa~d ttORiGA:;EE shall apply to the Covrt ha.~~~:3 ju~+sd~ction ihereof fo~ the appo~Nnvrnt of a Receiver, such Cwrrt shall
_,..:!h app.^.int a recei+er of iaiJ mortg~grd proa.•ty ail ar.d singusar, inciud~ng ali a~~d s~ngu~ar the inconie, prof~ts, issues and revenues from whatever
,-_e der;ved, eacn and every o~ wh:c~, ~~r.g Ftip~essiy undencoed. is F+ereby mortgaged as it spec~ficaHy set iorth and dexribed in the granting and
~~nd~m causes hereof, and wch Rece~ver shaii have aft the b~oad and efiecrive funct.ens and powers in anyw~se entrusted by s Court ro a Receiv~r, and
s:~~ appoin+ment sha!1 be rt:ade by such Court aa an odmir,;d eq~~:y and a matter of absolu~e righ~ to said MORTGAGEE, and without reference to the
_ci-•y:,3cy or inadequacy of ~he vji~e o( rhe p*oprrty morrgaged or to the son~rncy cr inso~vency oi said IYIORTGAGOR w the defendants, and that such
r~•~,+s, proflts, income, issues and revenues snall 5e app6ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE snd the- practite of such
Court.
8. Ta du!y, premptty and fu!ly perform, d~scharge, exec~~e, effect, comptete, comply with an~ abide by each and eve?y the stipulations, agreements,
;c~~.d,riens and covenants +n smd promissory no!e and th~s mortgage set fo:th. .
9. That in the eve~t the ownersh~p of the morrgaged premises; or any part thereof, becomes vested in a person othe? than the MORTGAGOR, the
:~RTGAGEE, ~ts suttesso~s and assigns, may, wi~hour nonce to ihe MORTGAOR, deai wnh such successa or successor in interest with refercnce lo this
~~yage and the debl hereby secured in the same v.anner as with Mortgagor w~thout in any way vitiating o? discharging the R~ortgagori liability hero-
_.~r o~ upon the debt he+eby se:wed. No sa!e oF the Eremises hareby moAgaged and no lorbearence on the part of the ~dORTGAGEE or its suctessors
ess~gns and no extension of the nme fu~ the payment of the debt hrre6y secvred given by the MOR7GAGEE or its successors w asslgns, ahall operats
rr ease, d:scharge, mod~fy change or affect the or~g:nal fiaoil~ty of tne N,ORfGAGOR herein; either in whole or in part.
10. !t is spec[fica~~y agrecd that time is of the essence of this contract and that no waiver of any ob~igation hereunder or of the obiigation sr $
,-•_d hereby shalt at any time thereaher be held to be a wai~er of the terms hereof or of the instrumem secured herby.
1l. In 3:ia f:o~ ro ;he forego"•~g ~~iontn`~ paym~nts of princ pal and inr,rest requued by the p~om:ssory note secured hereb~, mortgagor eovenants ~
•.i egr_es to ~ay to r~o~tn3n=e r,~M each moroh y~,a~~. eni an add,r;onal su~n est:~~:ated by mortgagee to be equal to 1;' 12 of the annual tosf of the follow-
A-A:1 real property taxes tevied or dSS21si'[~ agai•est thc above desc~it_d real estate.
B-Pr.~•,:',~-,s e.~ f~re ar.d x.ndsto~~r. ~nsu~~rce as ne:e~n r.~qu}Cd ro be ;drriFd on the ~mproveme~q situate on the above d~scribed premises.
C-Pre~~,~~:~~s o~ such n~,~rtgage gvaraaVy irsura~.:e as mor~ga~ee sheil tro~n f:me to t~me deem fit to carry on the loan secured he:eby.
Alortgagee sh~~i f-om r~:ne to t~~re nc!~fy mcrly-.•g~~ ~n vrr;!ing ot the a~.oo~t due and payable hereunder and wch sum sha11 thereupo~ be due and
~ `~'e on fh: d~e d~re cf fh~ next ~ner~tn';y ~syment a•?d e~ch suco~ssive menth thereafter urtil mortgagee shall notify mortgagor of a change in suth
:,~,r. Such zvms st:a:1 :,e app:ied by mcrtga3~.~ ta,tia~d tne payme~t Of real pro, eriy taxes, inwrance prem;ums, and morfgage guaranty insurance
f
i :T.S.
E ~N wliNtbs 's:ntxcUr, tne sa~d N.UkT:~~4GUit nas nereuvo ser h~s hard ana scai the day and year first aforesaid ~
~ Signed, Seafed and de~~vered in the presence of: •
(Seal~
~ wt~5~~- e ce . ra in (5~.4
~ " (Seaq
~ . _ Helene A. GtAd Sea4
. l/ `l
"~+~E OF FLORIDA t
~ ~
i7'dTY OF St . Luc ie ~ ~ i
~ ~ Lawrence P. Gra~in ~
~ Before me persona~Iy appeared snd
Fielene Gradin his wife, to me wefl krwwn and known to me to be
~ _ ~r,dividuais described in and who executed the foregoing instrument, and acknowtedyed before me that they executed the same for the purposes
~ _~e n expressed. And the said Helene A. Gradin
~ or ,a~d Lav~rence P. Gradin
~ , vpon ~ uparate snd priwte
° nat,on by me taken separate and apart hom her sa~d husband, ackrawledged to and before me that sFx eaecuted said iastrument freely snd voluo-
~:y and w~tho~t any compuls~on, constraint, apprehens~on, or fear of or from her said husband.
,S
~ YlITNE55 my hand and offiuat seal th:s_ ~u' day of Januar a p 1975
K
~
6~c-~cy .
~ Notary Vublic iw the State of Flo+id~ at Lsr~e
L My Comm~ssion expir~s: " '
Retum To: SION Of ~~'N ~ ~
¢ 7- z a- 7 ~ Nobry r~. °t
s: 1 ,
r:rst Federal Savings b Loan Associat~on µy Cew~w~iuios EaP~M+ ~f ~'I~'~''••
~ Of Fert P erte. ~pR~ br /1~n~tieo~ Finr a Cefw~ ~~.0 ~
~
Fort Pie:ce. Florida ~ ~ ~ ' "
,c
~ fItEO ~M ~a4NTY fl~A• ~ - ~ ' ~ _ ~
st. lIC1E ~ ~ ' ; : `
~ it P01?RAS ~ _ `~3?; ~:y -
x, -
~ This Instrument Prepared By Gar F. EllKOOd CIERK C~R~~~t COURf ~ QN; ~
?POR~: ' w : ~
First Federal Savings b loan Association y a yf~1f1E0~+~r" `
.
~ of Fort Pierce , Florida ~ ~ 3 S3PK 75 ~ ' •1 ~
~
Checked By ~
~ ;
~ ~ 3~CK1443
eooK235 PA~E2916 ~ ; t • ~
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