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Home My WebLink About0723 3. To plac~ and continuously keep on the bui!dings r+ow w hereafta ~ituate on said lanrl and on sil equlpmeM +nd pcrsonally cove?ed by this mortQ~ egs, with sll premiums thereon pa~d in (ull, fire insurante in the usual standard policy form, in a sum approved by Ihe MOR(GAGEE, and windstorm ~nsurance in tAe usual standa.d pol~cy fam, in a sum approved by ~he MORTGAGEE, in iuch compa~y or compan~es as the MORTGAGEE may d~rect; and all iire and w+nd~torm insurance po~icies on anY of said bvild~n9i, any interetit therein or part thereof, in the aggregate sum aforesaid w in e:ccss thereot, shall contain the usual standard mortgagee tlause w such o~her dauas as 1M Mortyagee may rcqu:re, meking the loss unde+ ta~d po1H ue~, each and eve~y, payable to said MORTGAGEE as its interes~ may appea?, and each and every iuch poiicy sheN be promptly ass.gned and defivered ?o any held by aa~d MURTGAGEE as fur~her security to said mutgage debt, and, not teu than Ie~ (10) days in advance of the ezpiration ol each policy, to da tivet to said MORTGAGEE a renewal thereof, together wilh a retefpt fw the premium of such renewa!; and the~e shall be no fire o+ windsto~m insurantt plxed on any of said b~iid~ngs, any interest therein w part thereof, unless in the form and with the ~oss payable as aforesaid; and in the eveM any sum i oi money becomes payable undc~ such polity w pol~c~es uid MORTGAGEE ahall have the option to receive and apply ~he same o~ accwn~ of the indebted~ j ness secured hereby or to petm~l said MORTGAGORS fo receive and uss it w any part ~he+eof for other purposes, ~vitho~t th~reb~ waivi:ig or ~rnpair- ~ fng a~y equity, lien w r~ght unde~ or by vinue of ~his morsyage; and in the event ia~d MORTGAGORS shall fa any reason fail to keep the sa~d premiui so insured, or fail ~o deliver promptly any of said pol~cies of insurance to said MORTGAGEE, a fail promptly to pay fulty any pre~n~vm therefa a in any respect fail to paFwm, d~scharge, execute, efiect, complete, comply with and ab~de by this cove~ant, w any part hereof, said MORTGAGEE may place and pay fa such insurance or any part thereof without waiving or affediny ~~y opt~un, lien, equity, w right under w by virtue of this Mortgage, ~nd t!x full amount of each and every such payment shall tx immediately due a~d payable and shall bear interest from the date thereof u~til paid at the rate ot ~ nine per centum per annum and to~ether with such interest shall be secured by the lien o( this mortgage. t 1. To pamit, commit w suffcK no waste, impairment ot deterioration of said property or any psrt thereof. S. To pay all and singular the costs, chargci and expenses, including a reasonable attorney's (ee and costs of abstracts of tltle, incurred or paid at any time by sa~d MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, prompHy a~d fully perfwm, d~uhar~e, execute, effect, complete, comply w~th and ab:de by each and every the stipulanons, agreements, conditions, ~nd mvenants oi said promissory note and this ~ ,,,ortgage any or e~iher, and sald costs, cha?ges and expenxs, each and every, shall be immed~ately due and payabte; whether or not there be notice de mand, attempt to collett or suit pend~ng; and the full amovnt of each and every such payment shall bear interes~ from Ihe date thereof until paid al the rate of nine per centum per a~num; and all said costs, tharges and expenses inturted or paid, together with such interest, shall be secured by the lien of thi~ mwtgsge. i 6. That (a) in thr event of any breath of this Mortgage o~ default on the part of the MORTGAGOR, w(bj in the event any of sa~d sums of money ~ herein reterred to be not promptly and fully paid within thirty (30) days nezt aiter the same severally become due and payable, withovl demand w notice, f or in the event each and every tlx stipulations, agreements, cond~tions and covenants o! sa:d promi:wry nota and th~s mortgage any w either are no1 iuly, promptly and futly perfwmed, d~scharged, execured, effected, completed, compl~ed w~~h and abided by, then in e~the~ or any such event the said sg gregate sum menraned in said promissory note then remaining unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due and pay~ ab~e io?Ihwith, or N.~ereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said s~ms of money were wiginatly stipulated ro be paid an such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the opteon of sa~d MORTGAGEE, w~thout notice or demand, suit at law o~ in equity, thcrefore w thereafter begun, may be prosecvted as if all moneys secured hereby nad mawred pnw to its instituhon. 7. That in tl+e evenr that ar the beginn~ng of or at any t~me pendi~g any su~t upwi fhis Mo?tgage, w to faeclose it, w to reform it, o? fo enforce paymcnt of any cla~ms he~eunder, wid MORTGAGEE sha~l apply to the Court having ju~isdiction thereof fw the appantment ofa Receiver, such ~ourt shall forthwith appoint a rece+ver of said mwtgaged prooerty all and singular, intlud~ng all and singutar the income, profits, issues and revenues from whatever seurce derived, each and evPry of which, it being expressly understood, is hereby mortgaged as if spec=fically set fwth and desuibed io the granti~g and habendum tlauses he~eof, and such Reteiver shall have all the broad and effective funct~o~s and powers in anywise entrusted by a tou~t to a Receiver, and s~ch appomtme~~t shrl~ be made by s•xh Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without retercoce ro the adequacy a inadeq~acy of the value of the property matgaged or to the sotvency o~ insolvency of said MORTGAGOR w the defenda~ts, end that such ~ ~enrs, profits, income, iuues and revenues shail be applied by such Recaiver accord~ng to the lie~ or equity of uid MORTGAGEE and the p~acfice of such Court. S. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply wi?h and abide by each and every the stipulations, agreements, conditans and covenants in sa+d promissory rrote and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its successors and assigns, may, without no~ice to the MORTGAOR, deal wi~h such succeasor or s~ccessor in interest with reference to this mo~tgage and the debt hereby secured in the same manner as with l~lortgagor without i~ any way vit~ating or d~xharging the Mortgagors' liability herr urder or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbeara~ce on the part of ~he IAORTGAGEE a its successon or assigns and no exrens+on of the time fa the payment ot the debt hereby secured given by Ihe MORTGAGE'_ or its successws w assigns, shatl operate ia release, d~scharge, modify change or affett the original liability of the MORTGAGpR herein, either in whole or in part. 10_ It is spec~fically agreed that time is of the esunce of this contract and that no waivet of any o6ligation hereunder or of the obligsYan se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add~~~o~ to the forego:n~ monthly payments of prin: pal and interest required by the prom~ssory ~ote secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee v.~th each monthly pay~nent an addi~ional sum est~mated by mortgagee to be equal to 1 f 12 of tne annual cost of the follow- i~~g: ~ A-All reat property tax~s levied or assessed against the above described real estate. B-Premiu~ns on f~re and windstorm ins~rar.ce as here~n requ~?ed to be carried on the improveme~ts sisuate on the above dascribed premises. t ! C-Premiums on wth mortgage gvaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby_ ~ ~ Mortgagee shait from time to Gme notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon kx due and s . ;.3yable on the due date of the ~ext monthiy payment and each success~ve month thereafter ur.til meetgagee shall notify mortgagor of a change in such 3 a^oum. Such sums sha:f be applied by mortgagee toward the payment of real property taxes, insurance p?em:ums, a~xl mortgage guaranty insurance ; premiums_ IN WITNESS 1NHEREOF, the said MORTGAGOR has hereunto set his hand and seal t`~e day year fi afwesai ~ n 5" n, !ed and livered in the prexnte of: ~ ~ h` ~ ~ v _ s0 g ~ ~ ~sh G / h Y - ' ~ _ ~Seal) ~ SiATE OF FIORiDA 1 ~ .OUNTY OF St. Lucie ~ ~ ~ Be4we me personally appeared ~1111D PCE3I'1 a~d ~ Blanehe V. ~C3Z'1 his wife, to me well known and known to me fo ba ~ the ind~viduals deuribed i~ and who executed the fwegang instrument, and acknowledged before me that they executed the same fw the purposes rherein expressed. And the said BlanC~ V. ~23Z'1 ~ wife of the said Philip Pearl upon a seps~ate sr?d priwte ; ~ examinat~on by me taken separate and apart from F~er said husband, atknowledged to and before me that she executed wid instrument frcely and volu~ % tarily and wlthout any compulsion, constraint, apprehension, or fear of or from her said husband. ~ Y~ 9 WITNE55 my hand and official seal this dey of ovember a p, i9 6 1 c ~ ' Notsry Public in and for ths State of ffwida at lsr9e ! My Commiu"an e~cpires: Rewm To: ?U3UC~ S?ATE OF fLORiOt AT URGE ?`u First Feder~I Savings b toan Associat~on • ~?y ;.;MISSION EXPIRES SEP'1. 23, 1973 ;y Of Fort Pierce_ SONDED fHRU~~.~~ROED ~ Fort Pierte, Florida ~ f j~~ ~LA. R c- _ 5T. LUCIE ~OUNTY, : . _ ' _ , f-' • ~ COR~~ `lERt~~E~ ~ ~ : ' ~ - . 186120 ~ ? This Instrume~t Prepared By JOhtl ~+1.~'~.`0~1~; ` First Federal Savings 8 Loan Association • _ • " ~ _ !s~ f~~v 25 ~ 9 • 23 ~ ~ of Fort Pierce~ Fla. ~ ~ ~ _ - k~ ~ ; ~ ~ ~ . . ~.111~~~~, - '~(V~ ~ Checked 8y~ ?C~t=ER POITR:+S~ = CLEr~K ClRCUIT COURT ~y Bo~181 PAGEti ~23 . _ . . ~ - - W~ ~ _ ~ . : _ _ ~