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To pl~c~ ~nd cantinvously ksep on tM bu~ld~nq~ now a he:~af1N ~itu~h on ~aid lud ~nd on ~11 pvlpMnt Md pMOMtly cowr~d by tAis morp~ '
ap~, with ~t) {x~miums tl+~rcon pa~d i~ fu~l, fire insuranc~ in tF?~ u~wl sr~rdard policy fwm, {n • ~um appror~d by 1M MORtGAGEf, ~nd winditam
inwraoc~ i~ tM vwal uandard policy fpm, in • s~m ~pp~ov~d by ~ht MORTGJIGEE, in such tompu+y w tompanis~ a th~ MORTGAGEE n+ay
dincq and ~il fin ~nd wu+di~orm in~wa~c~ po~kies on sny of Mid bVildin~{. ~f1y inMfyl th~r~{If W pitt fIfN~OF, in tM pprty~q wrn afor~~aid o~
h~aass thenof, ahall com~fn ~h~ usual ~t~nda~d ma~9spa~ claus~ a such alw clws~ a~ ~FN Ma~papN may rpuu~. ma?I~p tM lou ued~ u~d po14
cl.s. •~ch and .v.ry. par•b1~ ro,•id MORTGAGEE as in ~~~..es~ may •pp.a~, •nd ~ach and ~w.y wch policy ahall b~ p.ompNy aa•p~.d and d~livK.d a
•ny h~td by a~d AhORTCAGEE p fw~he~ ~ecuri~y lo wid mortpags debt, and, nor leu tMn ~~n (10) d~ys i~+ +dw~+n of ?M •Ypir~tion oi ~~ch pol~cy, fo d?..` ?
liwr ro taid MORTGAGEE a ~enewal thereof, topeth~r wi~h • receipt (w tM pr~miwn oi ~vch rt~ewal; ~od ~h~~~ shall b~ no fu~ a winditam lowqna
plac~d oa ~ny of uid build~ngs. ~ny inte~~~t therein a pa.t thereof, unku i~ the form ~nd with tM loss payabl~ at ~fa~s~Ws +~d i~ th~ ~v~nl any ~ven ; s
of ~y b~con+p pay~W~ undar such policy p polici~s s~id MORTGAGEE shall Mw IM option fo teceiw +nd apply the ~n~ on ~ccount of Ih~ ind~bted~ i
~af ucur~d M~~r a b permil said MORTGAGORS to receiw ~~d u~ k p any pa.t fh~rwf for othc~ pwposes, wi~Fwut IbKeb~ waivinp a ~mp~N• t
- inp any pvity, li~n or riyh~ uode. o~ by vbtw of ~his mo:rpafl~; u+d in tM ~vent ia~d MORTGAGORS sFutl tor aey nasw~ f~tl to kKp tM uid p~emisss so i
Inwred, p(all !o d~liver promptly a~y of said policies of i~iwanc~ to ~aid MORTGAGEE, w fail promptly to pay fully ~ny pr~mium thtr~foi p in ar?y _ ~
rtipact fail b p~rfam, d~:cl~arfle, execvte, effect, comptere, comply with and ~bid~ by this cov~nu+f, or any part hHwi, satd MORTGAGEE may plau ~nd
p~y (a such imuranc~ w ~ny pa.t ~hereof w~tt+wt wsivinp or ~iFactinp any op~ion, lie~, puity, a ripht undu w by vinw of thts Matysy~, ~nd tM ~
fvlt amount of ~~ch and every ~uch payment thali ba immcdiately dw and p~yabt~ snd shall beu iMerett from ttN d~h tfitreof until paid at tM raN ot
nlr» p~r centum per annum and to~e~he~ with such interest shal( be ucured by 1M li~n of this monyaps.
~
1. To ptrmi~, commit w suffK no wasts, impa'ume~l a dete~:uation of uid propary o? any put tMr~of.
5. To p~y ~11 snd sug~l~r tIK cw~s, ch+rges ~nd ezpenses, includinp a nawr»bh .ttwrn~ • f.~ and cosb of ~bst~~cts of titb. incun~d w p~id at
~ny fims by s~id MpRTGAGEE. because or ie the ewr?t of tM failvro on tM part of th~ s~id MQR~GAGOR ro duly. promptly and ivly ps~fonn, d~scharg~,
~xecvro, ~if~ct, comple~e, comp(y with and ab~de by each and avery Ihe ~tipulatwn~, ap?eerreents, corxl~tioro ~r+d cow~ants of said promiaso~y rat~ and this
mortyap~ any a eithe~. ~nd sa~d costs, charfle~ and expenses. e+ch and every, shall b~ immediately dw and psy~bl~: whetl+K a not Mtn b~ notite da
mand, auempt to co11eN w suit pend~n9j ~nd the (ull amoun~ of each ~nd ~veiy ivch Qaymem sMlt bear ieter~st from th~ date tMr~of vmil paid at th~
~ate of nine per centum per annum; and all said costs, chuQes and axpensea incurred or paid, toyetMr with such int~rat, sh~ll b~ s~cwed br ths Iien of thia
mortyays. -
Q i}wt (a) in tfie evant of s~y breach of this Mortgagt w defa~U on tM part of ~he MpRTGAGOR, o? (b) in tM wa+t any of s~~d swea of moe~ey
herein referred ro be nof p~anp~Iy arsd fully paid within th~rty (30) days next efter Ihe ssme severatly becorn~ dw ~~d payabb. wilhoul d~m~nd a notite,
o~ (eJ in th~ event each and evwy ~h~ s~ipulations. ~greements. conditions ~eid cova?~nts ot sa~d promhwry ~ot~ and thia matp~ any p~itAsr ar~ ewl
iufy, pomptly and fully pe.tormed, dixharged. e:ecv~ed, effccted. compbt~d, canplied with snd abided by. 1Mn in either w~rty such we~t tFN aid a~
~rep~t~ wm ~nen~ioned in ssid promisswy ~ore then rema~ning unpaid, with intcreit accrued, and ail mw~eys ~etured her~by, sMll betan~ dw and p~y-
able fathwifh, o. thereaftar, at the opr~on o( said MORIGAGEE, as fully and comple?ety as if ~II of tF+e said wm~ of money were ori~inally atipulated
to be paid o~ s~rcA day, any~hing in sa;d pran~sswy ~ote or in this Mortgage to the contrary notwithstandinpj ~nd thereupon w thereaher at ~I» option of
ssid MORTGAGEE, without noMe a demand, suit at law or in equity, therefore w thercafte~ begun, may b~ prwacuttd q if ~II money~ sstvr~d hareby
had matured prar to ies in~l~tution.
7. 1Mt in tha ~event that at the beginning of or at any time pending any suit vpon this Mortgsge, a to iwedo~t It, or to r~form i~, a to enfwp
payment of a~y claims hereunder, wid MQRTGAGEE shafl apply to the Coun having jurisd~ctiort thereof fw the appointm~nt of a R~ceivN, suth Court sMl)
Fathwith appoint a rectiver of said mwtgaged property all and singular, includmg all and singulu ths income, profits, istues snd rtvenues from what~ve~
sourte derived, each ~nd evcry of which, it bei~g cxpressly understood, is hereby mortgaged as if spetifitally sN forth a~d deWibed in 1M 9?antiny and
habendum tlauses hereof, and such Reteivr? shall Mve afl the boad and effective funct~ons and powers in anywise eMtu?ttd by a Co~rf to ~ Receivtr, and
such appoir.tmen~ sF~all be made by such Court ~s an admitted equity and s matter oi sbsolute righf to aaid MORiGAGEE. and witlaut r~fere~p to iM
sdequacy w inadequaty of the value of tF+e p~opcrty mortgaged or to the wlvency or insolvency of said MORTGAGOR p th~ dtftndants, and that such
rents, profin, income, issues and revenues shall be appl~ed by tuch Receiver accwdinp to ths lien a equity of said MORTGAGEE and ths practice of such
Court.
8. To duly, p?omptly and (ully perfam, discharge, execute, effect, complete, comply with and sbids by eacF~ and ~wry the stipul~taro, spreemanq, !
conditions ~nd corenants in sa~d promissory nate arxl this rtwrtgaye sct fwth.
9. That in the event the owrxnhip of the mortgaged premises, or any part thereof, becwnes vested in a penon other fhan the MORTGAGOR, fh~
MORiGAGEE, iri succeuws and assgns, may, wirhout ~ot;ce to the MORTGAOR, deal with such sutcessd ot successa in iMerest with rehrence to thit
mortgage and the debt hereby secu?ed in the same manner as with Mortgagp without in any way vitiatin~ or dixha?girg ths Nlortyagors' liabilify FKrp
under or upon the debt hereby secured. No sale of ~he premises hereby mongaged and no forbearsnce on the part of Ihe MORTGAGEE w it~ successora
w auigns and ra extension ol ehe time fw the paymem of the debt hereby secured yiven by the MORTGAGEf w ib wcpswn or auiyns, ~ha11 operatt
to rekase, diuharge, mod~fy change or afiect the orig~nal I~ao,i~ty of ~he MORTGAGOR he?ein, either in whde w in part.
10. It is spscifkaNy agreed that lime is of the cssence of this contrscr ~nd th~t no waiver oi aoy obligation hereunder w of ths obligation se-
ared hereby shsll at eny time thereafter be held to be a waiver of the terma hcreof of of the instrumenf sec~red herby.
11. In add~l'wn to the forego:ng monthly payments of princ pal and interest requiied by the promissory nole setwed hereby, mortgagor oownanis
' and agrees to pay to mortgagee with each month!y payrnent a~ addi~ional sum estinzated by mwtgsgee to be equal to 1/12 of fhe annual cost of the follow-
ing:
A-All real property teYes leyied w assessed against the above dex~ibed re~l estale.
B-Premiums on fire and windstorm insurar.ce as here~n requ~red ta be carried on the improvemerts sifuate on the above destribed prtmises.
C-Premiums on auch matgage gua~anry insurar.ce es mortgsgee shs11 from t~me ro iime deem fif to carry on the bs~ secured htreby.
Mo~tgagee shall irom t~me to time noti(y mortgagor in writing of the amoum due and payable hereunder ~nd suth sum ahall thereupon be due and
~ payable on the due date of the next monthty payment and each successive month thereafter ur,til mwtysgee shall notify mortgagor of a change in wch
amounl. Such sums sF:all be apptied by morrgagee toward the payment of real property faxes, insurarxe prem:ums, a~d morigage guannfy insur~nce
'I premiums.
IN WITNESS VYHEREOF, the id MORTGAGOR has hereunto set his hand and seal the day and ytu fint aforesaid. -
Si9ned. Seakd ~nd del' er in.t ptese ef: ~
neih R. re - ~ }
~ ~ {
_ vel . Drew ~ ~
STATE Of fIORIDA ~ ~
~ St . l.ucie
esfore me perwnally appeared Kenneth R. DI@a1 :
and ~
Evelyn L Drew his w~fe, to ms well known ~nd known to m~ to b~
the individwls dewibed i~ and who executed the foregoing instrument, and acknowtedged befws me that they tx~cuted th~ wrm for th~ purposes
fherein e~.e..~d. a,d t~ ~~d Evelyn L. Drew
„hrs of ~h. sa;d Kenneth R. Drew ~,pp, ...P...r..~a P.iv.+.
examin~tion by me take~ separate and apan from her said husband, acknaniedged to and before me fhat sM executed said irotnnnent freely and voiurr
tarily and wilhout any compulsion, constraint, apprehyrts~o or feu of or from her iaid lwsband.
WITNESS my hsnd a~d official seal this dsy A. D. 19 75
fILED A~L AECOROEO ~
31.lUCIC ~a~1MTY flA. Nw, PuWic in snd fw Sta of Norid Lu
FC~~R P•11T~~f 'y os
CLEAR f::;~~i~ COURt My Commiuan ~xpires: ~j~~
Retum To: oE~ r o~; ycu f1Et?~~ l'!
Fint Federal Savings 3 loa~ Assoc;at~on ~
Of Fort P~erce. ~ ~ ~ O~ ~~~.~~j ~
Fort Pierce, Florida , ,
~3
31~.37 -
. : . . _ . .
This Instrument Prepared By John W. Collins - }
First Federal Savings 8 loan Association , ' ;
. of Fort Pierce , Florida ~ ~ , • #
Checked By ~ .
' v :
~a~~ 24~ F~LF 1351
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