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i 3. To plece ard con~~n~ousl~ keep on tho bui!d~~~~gs now o+ Fereafte~ eiwete on sa~d !and and on r.ll equipmcnt and personally covered by_ thi~ morig-
f sga, with r.ll premiums lhereon pa~d in full, fire ins~r+n<c in the usual sia~4-ixd i~~~~icy (oi~n, in a svm a~,paov~d by iha A!OR(GAGEE, and windstorm
~ insurance in ihe usua) standard poLcy form, ir. a surn appravrd Ly ihe A10RIGAGEE, in such t~:npany o~ co~npan~es a~ the A10RTGAGEE mey
f direu; and all firo rnd winJstarm insurance polic~~s on a~~y oi s~~d twild~r,c~s, any inlara~l Ihe~ein or pni~ Ihe~eof, in Ihe agyregate sum aforeiaid or .
(n ezcess Ihereof, th~ll contain tha usual eiandard mort~~gea da~se ur such oihar cl~use as 1he A1orlpeueo mey reqv+re, maAin9 the loss undrr laid µoli- ~
cies, each and every, payab!e to said A1pRiGAGEE as ~ts inrcrest may appea~, and cach and every s~ch po!~cy shali be prompily ass yned and delive~ed to 7
~ anv he:J by said A10RfGt1GEE as further srcurit~ to said n,or~g~~e daht, and, not less ~han ton (10) days in adv~„ca oi ihe expiraiicn oi each ,-wGcy, ro de• ~
E (iver to said A10RfGAGEE a iena~val Ihereof, logether ~vilh ~ retc~pt for the prcmium of svch ranc~rval; and there shall bs no iire or v~indslorm insvrante ~
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~ placed o~ any oi sa;d buitd~r.gs, any iMerest Iherein or part thrrcoF, un!rss in the fenn and with ~he !oss payable as a(oresaid; end in the evenl any sum
~ oi money becom~S p~y~t~te und~r such pol~cy or policies said ~.1dRIGAGEE shall ha~e the opt~on Io receive and apply i c~Q}~ ( the i~~dabfed• ~
~ nCS3 secured hcreb~ C.~ to pC~rnit S~it~ AIORTGAG04$ lo re[ei~c antl use i1 ot an_• ~v~t th.=r.+ol Ir.r t+t{-=•~ ~~~irnntrs, .~vVa 3 ni ....n.~i.. ~
ing any equity, lien or ri~f~t und.~r or by virtua of this mor!gaga; and in the evrnt seid AIORTGAGORS sha!I for any r premiies so ~ ~
~ i~surad, or feil to dei~vcr prumptly any of s~id poGtics uf insurance ta snid l,!ORIGAGEE, or fail promptly to pay a or or in any
~ respea (ail to pe~iorm, discharge, execute, ef(ed, comptclr, cornply ~vith and abidc by th~s tovenant, or any p3i1 7' ay plete and
pay (or such insur.~nce or any parl th.crcof v~ithout waiving or a{f~c~ing any optio~, licn, equity, or rigT.t undr.t ~i ~ ~r~~and Iht ~
full amounl ol each and eyery such paymcn~ shall 6c immediately due and E~.+yab!c an~i shall bcer intcrrst from th8.date thereof ~ntil paid at Ihe rate I ~ j
nine per centum rer ar.num atid to eth~r ,.ti-i~h suth interes~ sh31i t:r s•.curecl b the lien of Ihis morf a e. M ~ ~j
~ Y 9 9 ~ I~ ~ 3~ ~,1 ~V ~ ~ ~ ~
4. To pem~i~, com:nit or suffer no v:asie, impairment or deterioratlo•~ o( 33id propc~ty ar any part thercoL ~
5. io pay a11 and singu~a? the costs, charges a~~d expeoses, includ+n~ a reasonab!e at~orney's fee and cos~s of abstrods oi tille, fncurred or paid a , (
any time by said htORTGr1G~[, because or ir. the event of Ihe fa~fure on the part oF the said h10RiGAGOR to duly, promptly and i~lly per(o~m, discharge, i
; exetute, effed, complete, com~ly ~v~th and ab:de by e.~<h and cvcry Ihe stipufat~ons, agraemeMS, conditions, and tavenants of said promissory note and this ;
~ mortgage any or e~ther, ar.d sa:d tosrs, charges and expen:es, e~ch and every, ehall be ,mmediately due and payable; whether a nol there be norice d~ ~ ;
mar,d, attempt to coltec~ or suil pend~ng; and the full amouN of each and every such payment shall bea. interest from ~he date thereof ~ntil paid at tne
, rate of nine Exr centum Fcr amn~.n; ~nd ali ar~d cests, charges and e~pcnsas i~xu:red or paid, together ~v~th suth interesi, ihall be secured by the lien of Ihis
morlgage. t'L
6. That (a) in the event of any_brcach of this Mortgag~ or defaul~ on tfw part of the h10RTGAGOR, or (Sj in the event any of said s~ms of ineney ~`i~
herein reterred to bc nol promptly and fully paid witF.in tF.~rly ~30} days next af1c~ the same sevcraSly become d~c and payab!e, without demnnd or notite, `
or (c) in tha event each and every the stiputaticns, agreemen~:, cond;tions and covenanfs oi sa:d promisso+y note and th~s mortgage any or either are no1
~~ly, prompity and fuily perforrr.ed, d scf~arged, exe:uted, effectrd, co~np:eted, complied v:~~h a~~d ab~ded 5y, then in either or any such eveM the taid ag- ~
gregata sum me~tioned in s}~~ p~on~~ssory note than remaining unpaid, ~vith irverest accrued, and ail moneys secured hereby, shall becorne dve arxJ pay
able forthwith, or thereatter, at Ihe opt~c~i of said /.10RTGAGEE, as futly and completety as ii all of the snld sums of money were originally stipulated
to bF paid on such dty, a~~ything in sa:d pro:n~ssory note or in this Alortgaga to the comrary notwnhstandiny; and thereu{~on or thereafler at the opliori of -
said A10RTGAGEE, ~v~thaut n6t~ce or dernand, suit at law cr in equi~y, therefore or thereaiter ~egun, may be prosecu~^d as if all moneys secured hereby
had maturrd pr+or Io its institution.
, 7. That in the event that at the beyinn~ng of or at any tima pendir.g any suit upon this A!ortgage, or to foredose if, or to reform it, or fo enforte
payment of any dalms kereunder, said h10RTGi~GLE shatl apply to the Cou:t havir.g jurisd;uloii therc•of tor thr appoiMment of a Receiver, such Co~rt shall .
Fc~thwifh appoint a r~teiver of sa'd mortgaged areperty ail and singufar, inc;ud ng atl and s~ngula~ ~he income, prolits, issues and revenues from whatever
• source dr.ived, rach anJ every aF wh:ch, it beincJ •~xp!esst~• unders:ood, is hereby morrc~aged as ii spec~iically set forth and described in ~he granting and ;
h~bendum clauses hereof, and such Receiver shail ha+a all fhe broad and efiecr~ve iunc;~nns and porrers in anywise eMrusted_ by a Court to a Receiver, and ~
such appointmer.t eh311 L•e made by such Caurr as an ad^iiU~~ eyvity and a matter of a5selute right to said h10RTGAGEE, and withoW reference to fhe '
~ aJequ~cy or inadequacy of the ~•~lue of the prope~ty mortgaged or to ihe so:vency or insolrrncy of said 1dORiGAGOR o~ the defendants, and that suth
_ renn, profits, incorn>, ~sw~s and revenues shali be applied by such Receive~ accardinq ~o ihe lien or equi9y of said MORiGAGEE and the pradice of such '
~ Court. - .
- 8. To du:y, prompl:y and futly periorm, dis:harge, execute, effect, comptele, comply with and abide by each and every the sliputations, agreemeNS,
eondit~ens and covenants in sa~d p:o~nissory ncte and th;s m~rtga~c set fortR. .
' 9. That 7n the evcnt :he ovmers!:~F~ of the mortgaged premTs`es, or any pnrt thereof, 6ecomes vested in a person olher than the MORiGAGOR, the
h'.ORTGAGEE, its successcrs and d55iqr,;, may, v,;it:out eorite to she .'+'.ORTG..OR, deal wi~h such successor or sucEessor in interest with re(erence to this -
- mor~gaye and ihe d•_i~t hereby secured in fhe san~e ~na~~nar as ~.viih Llortyaoor vv1tF,~~t in a^; v:ay vit:o.ing pt oischarging the fAortgagors' liability here- ;
' under or upon thc debt hereb~ secur~d. ha sa'e of ~l,~ p~e,r.ises h~reby n~ortg:ged and no forbearance on Ihe part of t~e.:niJRTGAGEE or its successors {
or assigns and no exte~sion of the tirne fo. thc payn en1 of ihe de6~ F.ereby set~red given by Ihe 1.10RTGAGEE or its successors or ass;gns, ahall operate ~
` to re?ease, d;scharge, n,ud~{~ chanye or affect thn cr~y~~iai ti;e:f:ty of ~hz 1LORTGAGOR herein, eithe~ in whole or in part. _ f
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10. It is spec:f~caGy r.greed ~hat :~me iz of th~ esserce of th~s contract and that no waive~ of any obligaNon_hereunder or of the obligation s~ i
tured hereby shah at any ti:ne thereafier be he!d to 5e a vn•ai.•er of the terms hereof or of the instrument srtured herby.
I l. In ~d;!.~:c ~ ro t!•e (e~egc'n~ n:cn!}~c•~ ~3yr` rrt's of E:n~:c ~s~ ar.d in~,;rest requ;:ed by the prom;sso~q`nore secured hereby, morfgagor ~tovenants E
and agtees to ,~ay ro m~~tg~ge= :•:;!h e~ch mon!F~,y ~;~.;.;,«,t ar. edd;iiona; $VA1 es!:ma!ed by mortgagee to be equal to 1;=12 of the an~ual cosf'of the foUow- ~
ing: - .~:~~~lt~y~~~ ~ E
A-~~I rcal propcrt; taxes levic,~', or ass~~ssccl agai•is~ thc aF.ovc desr.i~ed re31 est;te. '
. `~~L~sLCIJp7 • -
6-Pre~~:iur~s on !'ue ar.d winds!om~ irisvra~~ce as ner~ln req~,red to ba carrisd cn Ihe improveme~ts situate on the abo~e:1{elv+ib~~~a}!ti~ '
, G ~
_ . C-P~~rr,iur•S on :~~ch mortg~qe guaranty if.;~rdnCr 3s ~nsty~gee shal! trom t::ne to time deem fii to carry on the lOe~3~N~ec~j' e~e13y.,:-t;~,~ "
N~ortgagec sha~l frcm time tc time notify rr.ortga3or in v~rittnn of the dT0:J91 d~e and payable here~ndrr and svc}~suin'~i~11e at~a~
payab'.e on rh:: du: ciate oi the next ~~~ons~.y F•ayme~t and each successive month thereaft_r vr.til rne~tgagee shall notif~ ~qq'r~g~gq=3~: ~h e;~t~su~i ;
zmount. Such s~~ns sh~il .t;e ~pptied ty mo~tg3g_e iJ:43.'d the paym~nt of real Froperty taxes, insurance prem:ums, ar~!_lnbrkf,~~~~u'S~anty ,~t~(y~nppi
(Jr2~r~iunts- - _ _ . . • : ~ V) i • ,~_j'• ` • ~ ` .
~ ?'Y;•~ ~
IN WITPiE55 •1JHfREGF, the said tAORTGkGOR has hereunto set his fn~nd and seal tne day and year first af ressid~~ ! s` ~ :;~3~''
_ igned,.5ea! and efiv re in the presencc ~ ~ ' '
. ~~Witn~ as to signature ' ai
)Linda G. =Gruwell , • . ~ } s
_ Bi1~1e Boh Ci~,. 1~~}it +ltt~~, ~(Seal) E
r ' - Witnesses as to signaturef ~ ~ ' ~ ' - ~~a~j ~
- ~ ' ~ ~ _ of Billie Bob Gruwell ~ Linda'G. Gru~rell~`-~•`~~`~-<. ~ ~~a~~
~ _ _ " - ~
STATE F FLORIDA T~ .
St Luc ie ~ - - , ~
COUtJTY OF - ~ - ;
i'
Before me penona~ly appeared _I'1i1Cja Ci. Gruwell _ _ , . -
.
~ to me well.Fcr~wn
aed kl~own ta'roe ;~_be ~
fhe individva~escri6ed in ard ~:ho executed th~ foregoing instrument, artd atknowiedged before me thatSh~i exett~tQdlfie'sar~.,{or t~t~i~~ _ L
Linda G Gruwell '
Iherein ex~rassed. And the said • . - - - ,,..;.?_-s,t-__
Billie Bob ~ru~rell- ~ ` . ' r-•;c~
wife of the said -pppn ~sip~rrfe~nd pr~f~
exam~nat~cre by me taken separate and apait from her said husband, ackncwledged to and before me that sfie execvled~$atdfi~sfrue~f~`~!e(~and.v~vrR
tarily and without any tompulsiun, constraint, appsehension, os fear of or from her said husband. - ~
lOth June ` `
Y1ITNESS my hand and official seal this_ dey of _ _ :~.~j;rtp~,,
. - . • ~,ti:°;•; f~ ~ lrit\\' .f: ~
SiATE ~F FIORtDA • ' - it\~~ -.z ,i
COIJ'diY OF hlar t in ~ SS. NoTary Public in a~ for f', ~e '`:~-Kr~ -
I My Commissi~n ex ires: O~• -'''E:.
. Before me personatiy appeared B1111@ _BOb GrUW@1~ ~ - ~~,~'y~~ .
- to me wefl known and known to me to be
Ihe individuat descrit;~d in and who executed the foregoiny ir.strument, and acknowfedged before me thal he ezecu!ed 4he same for the purposes
therein expresssd. 7~.diiXtKd~?f~ - - ~ -
%JEbCSC~CifaAG?8 _
JEJ~QldiCii3CY~iCI[DG ~q~}C - ~ ~
Jf~IC?~r '
Y/ITNECS my hand and official seal this_ day of `~Une A. 0. 19 7S
This instrumeht prepared by ~
John W. Collins ~
ary Public in and for the 51ate of florida at Large `
First Federal $7V111C~S and LOaII - h• Commiasion expires: - "
Retum To: '~S SOC l
t lOi1 of For t P i erce r~OTRR1f PUBLIC. STATE Of fIORIDA AT LARGE
First Federal Savings 3 toan As~ecia~,on MY COMMISSiON EXPIRES 1Ati• 1~, 1978
O: fort P:erce. ' qONDEU THROUGH_MUROSKI -?IUCKLEOLRlIY. tMOo
fort Pierce, Florida
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