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Home My WebLink About1354 To pl~c~ and tontinuou~ly k~~p on ~h~ buitdinp~ raw a ha~aftN Ntvat~ o~ s~id land ~nd on ~11 equipm~nt u~d pwsonally cowr~d by this mort¢ p~. wi~h al~ pr~mwms thereon paid in full, iin insura~cs i~ tM usu~l ~~andard policy fonn, In •~um ~pp~ov~d by tM NWRiGAGEf, ~nd windttwm kqwanc~ in tM uiwl iianda~d pol~cy fwm, in • wm ~pp~oved by iM MORTGAGEE, In wch canpa+?y o? tompani~s u IM MORiGJ1GEE may dir~ul and all f'u~ u~d w~nJita~n in~vranc~ P011CNf on aoy oF 7~id bNlldifla~ My IIIflfHt 1F1/l~M Of ~f~ 1MfMf, ln tM apprpar~ wm afa~said or In ~xc~a Ihereof, iAall con?~i~ tM v~wl ~~andard matga~N cl~uN w such otF~ tlavs~ as IM Ma19pN may ~pua~. m~kinp th~ bu ur~ ~~d poli~ cia, each ~nd wNy, paY+b1~ w s~id MORTGAGEE as lrs i~~erest maY ~pp~u. ~nd ~ach and ~wry tuth policy thall b~ promplly ~~:pn~d and d~tivK~d ro. ~ny Mld by sa~d MORTGAGEE ~s iw~ht~ seturity to uid monyap~ debt, ar+d, not le~ Iha~ t~n (10) days i~ +dva~u ol th~ ~xplr~~an oi ~~ch pol~cy, lo dr Rv~? to ~a;d MORTGAGEE • renewal thereoF, top~~ha~ wirh • receip~ (w ~he ~pramium of such r~n~wal; and tM~~ sh~ll bs no fIn or windttam inturant~ pl~ud on any oi taid b~ildinps, any i~tereit there~n w part thereof, u~less in tFw fam and wi~h tM loss payabl~ u afor~~aidj and In tIN ~v~n! any sum i d mon~y becan~s payabl~ uncl~r such policy or polKi~s said MORTGAGEE shall hav~ th~ op~io~ to receiv~ ~rtd ~pply tM sarn~ on accovnl oi tM indebrsd F Mss ~cvr~d Mr~by w b permil f~id MORTGAGORS to ~eceiv~ and usa it w•ny parl theraof fw other purposet, without the~cb~ waivi~q w ~mpair. - k~p anY pvity, lien w ripht uoder or by v'uwe of thii mortyspe; a~d in tlw ~vem said MORTGAGORS sfull fw ~ny teawn f~il to kt~p tM s~id pr~mists so Insured, p fall to d~liver promplly any of said policiss of insu.uxe Io said MORTGAGEE, a fail promptly to pay fully any p~smivm tMr~iw or in any • ' nsp~ct t~il b pafwm, d~uMrge, ~aecute, effect, comple~e, comply wl~h snd abid~ by this wva+ant, « any pan Mr.of, said MpRTGAGEE m+y plac~ and ~ paY fw svch G?sv~anc~ w~ny part thereo( w~thovt waivug w affectinp any option, lien. puity, w ri~h~ vndK o~ by virtw of this Mortpay~, and the ' ivll amou~t of tach ar+d ~wry ~uch payment ~hall be ~mmediatsly dw a~d payable and shall besr Int~rest from tM d~t~ thereof uotil p~id at tM ra~~ of ~ nin~ pe~ centum pw annum and to~etl~er wi~h such interest shall be secured by tM lien of Ihit mat9~ye. i.~ ~ I. To pKmit, commit a~vffe~ no waits, impairme~t a dete~iwation of said prope~ty w any p~A therwf. ~ S. To p~y sll and ~Inpula~ the costs, cMr9e~ a+d expenses, includi.g a rea~onebls ~naney's fe~ ~nd cosh of aMtr~eq of Ntl~, incvrred w p~k! at ~ ~ny tirr~ by said MORIGAGEE. because a in the evero of tAe fa~luro on the pan of ~he s~id AAORiGAGplt ro duly. promptly ~nd fully pKfwny diuMrgt j execute, effet~, compler~, comply w~th and ab:de by each and every ~he itipulat~ons, preemenb, corcd;tiau, and ooveMnb of ~a~d promissory noh and this mwtqaye ~~y or ei~her. and said costs. cMryes ~nd expenset. esch end every, sMll b~ immediately dw and payabl~: wMther a not thsre b~ notite dr i mand, anempt to co11M a suit p~nd~ng; and the full amount of each and wery wch p~yment ~MII baar intereit from tM dat! thereof until p~id ~I the j rate oi nine per centum per a~num; and all said costs, charges and expenses incurr~d or paid, togetha with such int~re~t, tMll b~ a~cwed br th~ li~n of thp ~ro~~ ~ 6. That in the event of any breach of this Mortg~ge w default on the psrt of the MORTGAGpR, or (b) in ths ~venf ~ny of ~id sums of money ~ herein r~ferred ro be rat p~omptly and fully pa~d wifhin th~rty (30) days ~xf after the same sever~tly become dw ~~d payabte, wlthoW demand or eotice, j or W(~ the tvent each and every the sfipulat~pns, agraamenq. conditiom and covenaros of said promissory note ~nd th7s matpa~ any w~itM? ue r.o1 ~ ~uly. promptly and f~1ly pe.fo~med. d~uharged. execufed, ef}ected. completed, complied with and abided. yy. tlwn in eithe~ a~ey tuch ewm tM s+id p~ j preyate sum mentioned in said pranissory note then remainirp unpaid. with imerest acpued, and all moneys setured hereby, sh~ll betpr~e dw and pay~ 1 abb iorthwith, or there+fier, at the option of sa~d MORTGAGEE, as tully ard completety as if all of the said s~ms o4 mon~y wer~ wipinally s?~pul~ted s ro bs pald on svch day, anythipg in sa~d prom~sswy rate or in this Mortgage ro the connary notwithstand~ng; and therevpoe? or thcreafter at tM opfion of # •aid MORTGAGEE, without no~ice w demand, suit at !aw or in equiy, therefore or thereafter begun, may be pro~etuted u if dl nwnty~ secvred hereby Aad maW~ed pnw to ib institWion_ 7. That in tM event tMt at the beginn7ng of or ~t any time pendirg a~y suit ~pon thi~ Nb.tgsge, a to fwetlos~ h, o~ to refam it, a fo enfo?u peyme~t of any daims hereunder, said MORTGAC,EE shall apply to the Court having jurisdrctio~ ~hereof fw the sppointm~nt of ~ Receive~, such Cowt iMll forthwith appoim s receiver of said matgaged prope~ty all ~nd singular, includ~ng all and si~gula? the income, profib, iuues and rweoue~ from wAatevsr source derived, each and every of which, it be~ng expressly understood, is hereby mortgaged u if specificslly set for~h and dauibed in ~M p.~mirp ~nd habendum clauses herrof, and such Rcceiver ihall have all the broad arx! effectrve functwns and powers in anywise entrvited by ~ Couh ro a Receiver, ~nd s~rch appoinrment shall be made by sucb Court as an adm~tted equity snd a matter of absolute riyht to said MORTGAGEE, and without rtference to the ~dequscy a inadequacy of the value of the property mortgaged or to the w;vency w insolvency of said AM1ORTGAGOR a ~M ckfendann, and Ihat such ~ rents, -proiib, incoms, issues and revenues shau be applied by tuch Receiver accwding to the lien or equity of said MORTGAGEE snd th~ practiu of wcA Court. • 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, tomply wi?h and abide by cach and svery tM stipulatioos„ aarsementi, ca?d~tiorq and tovmants in sa~d promissory note and this moregage set fwth. ' _ 9. Th.t in the evenf the ownership of the mortgaged prem;ses, w any part thereof, becomes vetted in a perso~ other than the MORTGAGpR, tha MORTGAGEE, its successors and assigns, may, withovt_norice to the MORTGAOR, deal with such successor w successor ir? intaest with reference to this mortgsge and ~he debt hereby setured in the same manner as with Morlgagp? without in any way vitiatlny d diKhatgirg the Mortysgprs• ~;abil;y F~era undcr w upon the debt hereby secured. tVo sale of the premius hereby mortgaged and no fabearance oo the pan of th~ MORTGAGEE a iri successors p auigns and no ex~ension oi the time (or the paym~nt of the debt hereby secured given by the MORTGAGEE or its successon ot auigns, ihal~ opetat~ ro ~ekase, d~xharge, modify change or affect the org~nal liab~(ity of the MORiGAGOR herein, eithe? in whok w in p~rt. 10. It is specifically agreed rhat time is of the essence of fhis contract and ~hst no waiver of any oblig~tion heteunde~ w of th~ obliyatan ss- cured he~eby shali at any time thereafter be held to be s waiver of tFu tcrms hereof or of the in~frument seturtd herby. 11. In additio~ to the fwego'rx~ monthly paymenfs of princ'pat and interest requ~red by the promissory ~ote secured hereby, mortgagor covenants and'agrecs to pay to mortgagee v~ith each monthly pa~rnent an add~rional sum es~imated by matgsgee to be equal to 1/12 of the annwl tost of the follow- ing: - A-All real property taxes levied w assessrd agai~st thc a6ove dexribed real estate. B-Premium.s on fire and wir.dstorm insurance as herein requ~red to be carried on the improvemenh situate On thg abOVe despibed pramises, C-Premiums on such mortgage guaranty insurar.ce as mo*tgagee shalf from time to time dcem fit to urry on the ban tecured hereby. Mortgagee shall from time to t~me nor~fy mortgagor ~n wr~r~ng of tFx amount due and payable hereu~de? and such wm shall thereupon be due snd payable on the due date of the next manthly payment and each successive month thereafte? urtil mortgagee thall notify mortgagor of a chanye in auch ~ amount. Such sums shafl be apptied by mortgagee Ioward the payme~t of real property ta:es, insurance prem:ums, and mortgsye ywranty inwrance premiwns. IN WlTNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yeu usf afores~id. Siyned. S~aled snd delivered in the presence of: ~ . •n e neth e ~n - - ~ vel n r w ~ STATE OF fLORIDA ~ $t . Ll1Cle COUNIY OF Beforc me personally s arca Kenneth R. Drew ' and Vely„ nre~? ~ his wife, to me well known and krawn to me to M : the ind~viduais described in and who executed the fornyang instrument, and acknowledged before me thal they exacuted tFk sams for th~ purposes ~ Evel n L. Drear Mxreio exp.essed. And the ui~ Y IGenneth R , r ~ wife of tM said D e w vpon a sepuats and priv~t~ examination by me taken seperate and apart from her said 1w~band, scknowiedged to snd before me that ahe exec~tad ~aid instrument iteely and volun- ~ rsrily and without sny compu{san, constraint, spprehenslon, fear of or from her iaid husbsnd. WITNESS my lund and official seal thiL~ _ day of ~ p. 19 75 FILEO kr~(• REi;ORDEO . e ` .~T. ~UCIC' COUMTY ~LA. Notary Pubiic in u~d a the te o# F ida n Lup~ ~lOG~R r01TRAS My Comm~uan txpires: R~,~,~ To: c~EaK c~~c~~r cauRT " Fint federal Savings d~ Loan Associa E~V R(? 1r £ L IF 1~ jl ,,/f / n ~ n~.~~ oY' p~ O~ Of fort P~erce. ~ 5 3 ou PM'~~ .,,.t:: ~ Forf Pierce, Florida ' ' • ~ti 3~4_~.40 - ~ . ~ ~ ' - ~ ,~~Jcl.`~.. . This Instrument Prepared By John W. Collins c-c.-, First Federal Savings b Loan Association ~ : of Fort Pierce, Florida ~ • • ^ . , . ; Checked By . . . ~ eoRK ~4~ ~ncr 13~7 . . ~ . ~ ~ ~ . - - - - - - - - - - - - - - - - - .~x~,,~ k ~ ~ - - - - ~ ~ . ° v~ ~ g~~ ~ ~ - - ~W. ~ry s~.