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To pl~n ww! continuou~y kNp on ~Ir buildinps now a!?u~af~ wtuaa or ~aid bnd ~nd on ~II p~ioment ~nd qnonally covN~d by ~Ais narp~
p~. with all pnmiwns tMrwn paid in fv14 (ih insw~oa in tM uswl sundard po~iry fonn, in •~um approwd by U+~ M~OR7GAGEE, snd wirwt~ram
insw~na ~n Ih~ wwl itanda~d pol',cy fam, in • ~wn ~ppro,r~d by th~ MORTGAGEE, in wch company a canpan~a q tM JNORiGAGEE ~nay
di.~tt~ ~nd d! fin ~nd wi~wbann Mawana policiN on any ot ~id b~pldi~, ~ryr inN.„~ ~Mrein or par~ ~haeof, in liv ~pq.ep~i~ wm ~fa~said a
In ~xcw IhN~of, drtl ooot~L? tM wwl u~ndwd maqp~s clwN o~ wch aha daus~ as tM MortpayN may .~qu~~, ma4k~p tM Iwi v~ ~tid pd} .
cfN. ~ad1 a~d ~vNy. WYabN w ~aid NWRTGAGEE a ib intN~tt n~ay ~pp~w, ~nd ~ath and ewry tuch polity ahall b~ promptly ~sa•yned u+d dNiv~r~d b
' ~~y MW by ~aW MORTGAGEE sa funiw~ s~cwNY W uW mortyap~ d~W. ~nd. na leu tiwn rM (10) days tn sdvurco of r1w ~xp~ralion of wch policy, to dr ~
liwr ~o s~id AAORIGAGEf • remwal tMrwf, topNMr with a na?pt for tiw pnmium of such ~~uwa1J ~nd d?~re ihall b~ nc f~n a windaam irowanu
p~+ad on anr of ~aid buUdinpti ~ny inbrpt thK~in a~ pat th~.wf, ve?ka Ie tM fam and wi~h ~M lou payabi~ u sfaa~~d~ ~nd in the ~v~et any ium ~ ~
of mon~y bKpnN pay~blt wK1N wch potky a policia said MQRTG/1GFF sMl! Aaw ~h~ option to nc~iw ~nd apply ~M wn~ on accouot oi th~ ind~bted~
^~ss Ncw~d hM~by w ~o pMt~lt Mid MORTGAGORS lo ~teiw and us~ h p any put thereof fw othe~ pu~poses. wi~hout the~eb~ waiving or m~pain t
tny aehr puity. (1N1 OI ~i~hl UndM p by vlrty~ p( fhis mott9a~i ind i11 iM ~vMf N~ MORTGAGORS sMll fO/ any r~aaon iail to kNp tM said p~mises w ~ i
tnsur~ o~ (ai) lo dtiiwr promptFy any af said polit{~s of inwwna ro said MORTGAGEE, a fsil prompNy ~o pay fuily any pr~+nium Ihsr~for or lo any i
rtsp~cl faN b pMfw~1, diuharp~, ex~cut~, ~H~cl, compl~ts, oomply with pid ~bid~ by tMt covenant, w ~ny pa~t i~e~eoi, said MpRTGAGEE may pixa ~nd
WY fot wck M~w~ w~nY P+rf tMrtof withovt vwhrinp a~ff~ctinp +nY oP~~, ~~h~, w ~ipht und~r a by virtw of ~his Mat~, ~nd tl+~
full amount oi ~ach and ~vKy such p~ym~~ ~hill be inu~disttly dw ~+d p~yabl~ uK! thali b~ar intetesl from tFw daq Iher~of vmil paid ~F» raa of 4. ~
n~r» p~r untwm pM smum and toperher whh wch iarK~st ~MH b~ secwed by th~ li~n of tha morrQapa, ` 4
1. To Pwmif. oonrnM ot wff~r no watt~ Y~km~nt a d~tMbation of said p~op~rty or ~e~y psrl tMrwf. ,
S. To phr a!t ~nd ainpvlar N~ coats, dwnpa ind :xpsnw~„ indudi~g • naswwbl~ ~ttorn~~'s fe~ and costs of sbatracts of titl~. incurr~d o~ paid a~
~ey tYn~ by s~id MORTCsAGEE, b~tatn~ or in tl+~ wMt of th~ fajhrn on tlN pu~ of d?~ iaid MpRTGAGOR a dulY. prompty u,d f~lly pKfwm, d~~chary~,
~xecut~, ~ffW. oon+pl~q, aomphr with and abid~ b~r s~d~ and ~wry t~ ~t~Pid+?+wa. +pre~menq. c~a~ditiwn, urd oorenann of s+id promiiwry nots and ~hi~
mor~pap~ any a Mrhsr. N~ Mitl COtq. tFM~~M Md ~XpMiK, !Kh and ~w.y, ihall b~ inrnedH~~ty dw u~d payabl.s whe~h~. w oot ~hae be no~ice dr
muxl, m~mpt to coll~ct a wit p~ndi~ and tFr full amounl of ~ach and w~ry wch paym~at sMlt be+. interesr from the daN thereof unri! paid at the
.a~e of nin~ pp cenr~„z p~r annum; and all s~id oostt, dw~t and ~xpenses incwred a paid, topethn wi~h such intKfst, shal) be secur~d by th~ li~n oi tha `
mortp~. ~ -
b. Th+t (a3 in 1M waN of aMr brwch of ~hb Mortpap~ a d~fa~lt on Mr part of tM MORTGAGOR, w(b) ie+ tM wen~ sny of sa~d surm of ewne~
henin nfKnd w b~ nw p~omptly ud fuly pald within U~;rty ~30) days next after ~M san+e sc~erally become due ~nd payabl~. withou~ demu+d a not~,
o~ (d in tl» ewm ~ach and ~very ti+~ stip~?t~?iorn. ~e~nta. ca~ditions ~nd cowoanq of uid promisswy note and th~s matyape ~ny w~ither ar~ no1
*+h~. P~~w~h «~a futy a«i«n»a, dt.ch.ry.dL sx.adee. .ff.d.a, canplet.d~, complisd uvi~A .nd abiasa
by, th~n In ~it}w~ a ~?y such ~veet tM s+id aQ~
y~a~t~ wm me+MiaMd In said promistory iwN tlw~ ~~ininp w~paid, with interest ~causd. and all ma~eys secured hsrebY, shall beoo~ne tlw u~d p~y-
~ble iorti~with, o~ Ihxe~~ter. d tht option of said MpRTGAGEE, a fuly ud compA~ety as 3f ali of the said wms of nwney were or~pinallr u~pul~rcd
~o be piid on wch day, any~hirg in said prom~swry not~ a in this Morp~ya ro ths contrs.ry notwirFut~nding: a~+d thereupon ar thereahe~ ~t tM op~an of
said MORTGAGEE. wifhoot ~otia w d~m~ml, wit at law or in pvity, ther~fon a thersaf~er be9vo. may be proucuted u If ~11 naneys securd f+areby
Aad m~tured prio? to i1s instiWtioe.
7. Th~t In th~ went th~t at t!w bepFminy of or at ~ny time pMdi~q any w~t vpo~ this Mongage, o? to faectose N, w w roiome it, or to enforq
PaY~ of u+p daims i+Kew+da. said MORTGAGEE shall apply to tM Court luvinp jvr~sdic~ion thereoi fw thf sppointma?t of ~ Receiver, such Cour1 sh~ll
fwthwith appoint a nteiva~ pi ssid mpr~yap~d propMy a1+ uwJ sirgvlar. incfudmy al! and ainqubr Nit irKOme p?oiits, issuss and revenues Irom whatewr
wuru d~riwd, ~ach ~nd ~vary pf whiclL M beinp ~xprestly ~rslood, is hsteby mor~gaged as if specific~lly ~et (orth and dew~ed in the prantinp r+d }
heber?dwn davses heraof. and wch Reaeiva ~hall Iww ~II th~ brwd and effective fvnctwns and powen Fn anywise emrusted by a Cou.t to ~ Receiver, ~nd
•uch ippoinfma?t shall bs mad~ by wdi Cowt q sn sdmitted eq~ity aM! a mattN of ~bsolute ri9At to said MORiGAGEE, a~d without referenc~ io the `
edeqvacy or ierdeqwcy of the v~lw of tM property mwtpped a•fo tM solwncy w insolvmcy of aaid MORiGAGOR a the defendants, snd ~f~at wch f
re~n, profits, i~come. is~ws ~nd twanws ahall p~ applitd by wd~ R~cen„s~ xcordirg to fhe lien a eqvitp of said MORTGAGEE and the practip of wd~
CouR.
_ _ ~
8. To duly. promptly and fvllp p~riwm, d'acharg~. ~x~evte, tffect, ooenplete, winplY with snd abide by each and every'11rc stipulatiom, preemeots. ~
cw~iYaro and aoven~nts a~ said ptomifsory not~ urd NKs mortya~e s~t fath. .
9. Thrt in tlr ev~M th~ own~rshlp of tht inw?piQed peinaes, a any pirt thereof, becon+~s vested in a pe~wn other tMn ti~e MORTGAGOR, tM !
NlORTGAGEE, its wcc.euoa ~rd assipro, nwy, w;thout notiot to the MORTCaAOk. deal with such wccesso~ a wccessor i~ interast with raference to this ~
mor?p+p~ ~nd t!r d~b~ hersby sacured in 1M same mam+K a with Mortyapw w~thoW in sny way vitietinp or dischuging the Mortqagors' IubFlFty here-
under w_upon tM debt hs~eby wcured. Np M~f Of th! p~tmifC~ I~eby mprtyA~lt~ Mf~ ~o forbearanc~ on ~M part ot ~M MORTGAGEE a its successon
w auipns and no ~xtension of the time for the payment of tM debt hereby secwed yiven by the MORTGAGEE w in s~cces?on a usiqns, sh~1l operat~
ro r~ks~t, discAupt modify cMnQ~ a aHecf ti~ o~iginal liibility of the /NORt(iAGOR hereiry, athe~ in wF~ole or in part.
l0. )t Is specificslly ~preed that tima ia of tha essence of this coMr~d and tMt no waiver of ~ny obl~gaYro~ herevnde? or of ths obliyation se-
ga
cured hereb~r shall any time M~ereahK b~ held ro be ~ waiva~ of tM terms hsreof a of th~ irotrument secwed herby.
11. In addifion to ihe forego:~ monthly p~ymenh of p~int'pal and iryerest required by ihe promissory note secured hereby, mafgagor tove~ants
and aqraq to p~y to nwrtgsgee with each monthly paymem an add;rional sum est~msted by mortgagee to be equai to 1/12 of the annual cost of the fdlow-
ing: • i
A-All real taxes (wied or assessed f
WoPe~y a~ainat the above described real estate. ~
8-Premiums on fire and windstorm insur~nce as herei~ reqv:red to -fx carried on the improvements situ~te on the above daoibed premises.
C-`~~~'~ ~~+^a~9+9~ B~~tY ~i?Ke +s mo~tSaQ~e ah~Il hom t~me to time deem fit to csrry on the loan securad hereby.
Allwtgagee sl+all from time to t7me notify mortgagw in writ~ng of the amou~t due ana payable hereunder a~d such wm shall thereupon be due ~nd
payable on the due date of the ne~ct monthly payment and aach succassive month theresfter until mortgagee sMall not~fy mortgagor of a change in wch
amount. Such wms shall bs spplied by mortys9ee towud the paymeM of real property taxes, insunnce prem:wns, and mart9aye 9uaranty insurance
premivms, -
IN WITNE55 WHEREOF, th~,s~id MORTGAG(3R tw herewrto s~t his hand a~d seat the day and year Pust aforesaid.
sipn.a, s..,sd .na del;w.ed Fn d» pa«~o. of: j~o,INO AEaoB Eo •
~T. LI~CtE COIIMTY - ~ -
~ S~1S~7) ROCERPOITR~S ~,.r;~ S~ ~a„~~
° flfAK ClRCUIT C~~1RT n i
' ~ : - ~~qtF~EU ~
~ l
STATE OF FLORIDiA ~U 'O 3~ ~fl l,'~ Josep lI1Q L. Drapdy ~ ;
DA
COi/fVTY OF S! _ ~~ni o ~ ~
e.iw. me penon.uy.ppeand M~rris S. Drawdy ~ c
Jos@ptl1J1~ j. DZBwdV his wife, ro me wel) known and krawn ro me ro be ~
the ind'mduais descr~d in and who ~:acvtd tM forpoirg iintrwmnt, and ackrw+~edped before ms H~st they execvted the ssms for tht purposes ~
rn~~eu, ~a ~~...~t. ~ ' Josephine L. ~Draxdy t
wife of tl+e wid 1K0lZ~8 S. DZBMdY
~?p°^ a separatl~~!I~d' M4'`+>
examin~ran by me bken a~parati and ap~rt from hsr iaid lw~bsnd. ~duwvvledped to ~nd before me thst she exacuted said initrument.lie~'t ~~ir~lar~ i
terily and withoul anY ~~L Oonshii~M• O~ ftar of
or from tnr ~aM lNab+nd. ~
WtTNE55 my h~nd ~nd offlci~l tNl ~ ~ ~day Au9uct ,;.~,`/C; D~ 19~}. ~ v'~ ~
°f- r;~ ~ 9
C~ ~t ~u~"~vn ) • . ' Y~ " "
_ Q~n~..
Not~ry Public in and fa the Stat~ of Flai~'~f~ tar~e : '
1
Reh?m Ta. 1MY Cornmisiion tnpir~s: . ''i t; Q .o `
~ ' .
Firat F~d~ral Savinps a tnan Aa~ociation ' ~,'~I
o( Fo~ ~K~ce. t~etz.ry ~uSiic. Stat- o! ~to•:3a at luq! ~°'l,r,`Z! ~~~•'E ~5'`~~~--
fo.t P7ace, Flor~ds fAy Ccm-.:,si~r• Et::ras J~t. 2T. 19d0
. . . . .
'0
This Instrument Prepared By ~~'Id B. Hughes `C1~
First Federal Savings d~ Loan Association
of Fort Pierce
Fort Pierce, Fforida 33450
Che~cked By ~ .
; ' . ~ - : ; . t 0 R .
~ ~ ~ 50Qlc2~ ~dCf ~P
~ .
~~v~~_::; _ - . .