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Home My WebLink About2377 i t To plsn and contirwously keep o~ ~M buitdin~t now a Mre~ft~r sitwt~ or+ sa~d la~d and on ali eqvipme~t ~nd p~rwnslly covend by thii mortg i s~~, with ~II premiums theraon p~id in full. i~~ insurant~ in 1M usual standard polity form, in a ium appro~~d by th~ MORtGAGEE, and winds~orm ~nturae~c~ in 1M uswl itandard potity fam, in a wm ~pproved by t!w MORTGAGEE, in wch canpany w companies as tM MORTCsAGEE may dit~dt ~nd all Rro ~nd windi~orm iniurae?n policiss on ~ny of aid build~nps, a~y inarost therein w psrt ti+aeof, in Ihs ~flyreyate wm ~for~ssid w excess thereof, sMll contain tM vwal standard mo?t~a~ d~we or iuch oti~ ciaus~ ~s the Nb.ty~ges may reqva~, makinp ~he loss undsr sa~d pol~ cie~, tach and erery, payabte to said MORTGAGEE as its i~~ereit may ~pp~a~, and eacl~ and svery suth poliq shalt b~ promptly ats.yncd a~d dtiivered to ' +ny hsld by taid MORTGAGEE ~s fu~i~ ar ~ecv~ity to said mortyape debt. ~nd, ~ot lest tMn ten (10) days in advance of the expiration oi each poticy, to d~ ~ I~vK to taid NWRTGAGEf a ~enewai thertof, toqttMr with a receipt fa 1he p?emium of such renewal; and there thail b~ ro fire or wi~dstwm insurana p~aad on any of said buildinps, ~ny i~terKt the~~in or pan fhe~eof, ~nleu tn the torm snd wi~h tM loss payabl~ as ~fwesaid; and in th~ event any sum c! ~*ar~ey become~ p+yable ~nda~ wch policy a policies said MORTGAGEE ihslt Mw the optia~ to receive and appty the same an accow+t of the ind~bted~ neu secvred hereby pr to permif said MORTGAGORS lo rective and uu it w any prr~ thereof fo~ other purposes, w~lhout thzreb~ wai.i~y o~ ~mpair- inp anY equity, lien a ri9ht u~der or by virtw of tha morsqaye; and i~ ths went taid MORTGAGORS ihall fw a~y reason fail to keep the said premises so insurad, a tail ro detivs? promptly ~ny of said policiei of i~su~anc~ fo faid MORTGAGEE, or fail promptly to pay futly any premium therefw w in any respect fail to pKforrry dixF?arge, exetute, ~ff~ct, compfete, comply with and ~bid~ by this covenant, w any parl haeof. :aid MORTGAGEE m+y pIm ~nd pay fa suth irowant~ o~ sny pirt thereof without w+ivirg w~Hectinp a~y option, lien, eqvity, or r%ghe vnda w by vi,tu~ of fhis Matpag~, and tM full ~mount of ~ach and swry such payment sFNll be imn+adi~tely due and p~yable +nd ihall be~r interes~ f~om tM date thereof until paid at ths rat~ ol nine per centum per annum and together with tuch interesl shall be secwed by tM tien of this mwtgaye. To permit, tomrnit or suff~t no waue, impairment w deterarat;on of said properry or any part thereof. ~ S. to pay ~II and siegula the cosn, charpes u+d expenses, includiny a reasonable aaaney i fee and cosss of abstracts of title, incurred or paid a~ any time by said MORTGAGEE, bacaus~ a in the ~ven~ of Ihe fa~lure a? the part of ~he said MORiGAGOR to dvly, promptly and fu11y perfwm. d~tcMry~, ; execute, effed, compkt~, cw.~~ly vrith and ~b:de by each and every the stipulana~s, sgreeme~ts, conditioro, and covcnants of sa~d promissory note and thu mortgage a~y or eirhbr, and s+;d costs, clurges and expenses, each and every, ihall be immediately due and paysble; whether w not ~here be ~otiu d~ mand, anempt to colkct or suit pending; and the full amount of eath ~nd every svth paymeM shall bea. interest from ~he date thereof until psid ~t the ra;e of nine pa? centum pet an,i~m; and al! said costs, cha~yes and expmses incvned a pa+d, togetber w~th suth intsrest, shall be satured by the lien of thil mat9~ys. 6. That (a) in the event of ~ny breach of this Mortgay~ o~ default on tM part of the MORTGAGOR, w(b) in the event ~ny of sa~d svms of money herein refrrred to be not promptly snd fully paid within thirty (30) days next after the same seve~ally become due and payable, without demand a notice. or in the eveM each and every the itipu~atio~s, sgreements, conditioro and tovenanh of said promiuory note and th~s mortga~e any or either are not iuly, promptly and fully performed, dixhsrged. executed, effected, completed, complied with and sbided Sy. then in ei~he~ w•ny such ere~t tM said aQ~ gregate sum mentaned in said p~omissqy note lhen remaining unpaid, with interesl accrued. and all moixYS secured hereby. shall become dw and p~y- able twthwith, or tl+ereafter, at the option of said MORTGAGEE, as fully and completely as if al! of the said wms of money we~e wginally itip~rlatcd to be paid on such day, aoything in said promiuory noft or in this Mwtgage to the contra~y notwithstand;ng; and thercupon a the~eafte~ at tiw option of said MORTGAGEE, without notice w demar~d, suit at law w in eq~ity, therefwe or thereafter begun, may be prosecuted u if aIl moneys secured hereby had matured priw to its iiutitution. 7. That in fhe eveM that at the beginning of or af ~ny fime pending any suit ~pon this Mortgsge, or ro fo~ectose It, d to refam !f, w fo enforct payment of any claims haeunder, seid N1pRTGAGEE shall apply to the Court having jurisd~ction thereoi fw the appointment of a Receirer, such Cou~1 sh~ll forthwith ippoint s receiver of said mortgaged proQerty all ~nd singul~r, inclvd~ng aIl and singular tha ;ncome, profits, iuua and revenues irom wl~ateve~ '~~:ce derivetl, eath and evcry of which, it beinp expressly understood, is hereby mwtgaged as if ~pecifically set fath snd desuibed in the grantinp ~nd habendum clavses hereof, and :uch Receiver shall have all ths broad and effective funct~ons and powers in anywise entrutted by • Court to a Receiver, and such appointment shall be mads by such Covrt aa an admitted equiry and a matter of absolute righf ro said MORTGAGEE, snd wltFvwt reference to the adequacy o~ inadequacy of the wlue of the prope~ty mortg~ged or to the sotvency w i~solve~xy of said tMORTG/1bdR= w'tl+e defendann, anJ that such rents, profits, incorrz, 3ssu~_ revenues sFNll be applied by such Receiver sccording to the lie~ « equiry o1 said MORTGAGEE and the practica of such Covrt. 8. To duly, promptly and fully perfwm, dixharge, execufe, effen, complete, comply with and ab'~de by each and ~wry the stipulatiorn, agreements, conditans and covenanb in said promusory ~ote a~d this mortgsge set fatF+_ 9. That in the event the owrxnhip of the mortgayed premises. or a~y part thereof, becomes vested in a person other tMn the 1NORTGAGQR, ths MpR1GAGfE, iri succeuws and assigns, may, without notite to the MORTGAOR, deal with such sutcessw a successw in interest with reference ro this mortgage and the debt hereby secured in the same maruier as with klo~lgagw without in any way viriating p diKhuging The Mottysgors' liability hers- under or ~pon the debt hereby xcured. No sale of the premises hereby mortgaged snd no fwbearence on the part of the N40R7GAGEE w its suuesson or assgns and no extens~on of the time fw the payment of the debt hereby securcd given by the MORTGAGE£ a it~ wccesson w ~ss;g~q, ,hall operat~ ~o releau, dixharge, modify change or affeN the o?iginal liability of the MORTGAGOR herein, either in whok w in parf. 10. It is spec~fically agr~ed that time is of the esunce of this contrad and that no waiver of any obligation iu~eunde~ w of the obliQaiion te- cured heteby shall at any time thereafter be he{d to be a waiver of the itrms hereof w of the instrumeM secured herby. I1. In additio~ to the forego:~g rtwnthly paymants of princ'pal and interest required by the p~omissory note sec~red hereby, mortgagor covenanq and agrees to pay to mortgsgee with each month(y payrn~nt an additional sum esl~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real properfy taxa leried w essessed against the above desaibed real estate. ` ; B-Premiums oo fire and windstorm insurante as herein requ~red to be carried on the improvements sit~ate on the above described p?emises. C-Premiums on such mortgage guaranty i~surarce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ' AAortgagee shaM fram-time ?o time notify mortgagor-in wrkln9-of tM amount due a~d-payabt~ lwwr~der and_such.sum_shall_thereupon be_d~e. and -i payable on the due date of the nezt monthly payment and each successive month ihereafter ur.til mortgagee shall notify mortgagqr of a charge in such amount. Such sums sF.a11 be applied by mortgagee towsrd the payment of real property taxes, insvrance prem~vms, and matgage gua~anfy insu~~nce ` p+emiums. { 1 IN WITNESS WHEREOF, the said MORTGAGOR has htreunto set his hand and seal the day ye+r fint afor ~ Signed, Seakd and eliver in the prese~ce of: ~ ~ n ~ aq n rc__~ STATE OF FLORIDA ~ couNn oF ~ . I.tIC IE _ defore me persw~atly ~ppeared Phlllp Pearl a~ BIdIlC~1@ Pearl his wife, to me well known snd known to me to bt tha individuals described in and who executad tMe fore9oirg i~utru~nenl, and ackrwwledged befwe me that they executed the same fw ths purpwe~ r?x«~, exp.~d. a~a r~ s,~ Blanche V. Pearl wcte of rhe „id _ Philip Pearl ~pon ~~pa~~te ard prry~~. examinaYw~ by me taken sepante sod apsrt from her uid husbsnd, ~tkr~owledged to and before me thst she executed said instrument fraety erd volwo- r~rily and w;thout ~ny compulsion, constnint, appreF~enaion, or fear of or from f+er said husband. WRNESS my hsnd ~nd offitial seal thi~ t~ day of MdrCh A. D. 19 7O ary Public in and for th~ Stat~ of Florida ~t larpe My Comroission ~npires: Retum Ta. ~~tt~~~urr~ iARI P!? ~ First Federal Ssvings ~ loan Aasocistion --~t~ ~~i S7ArE Of F[QRIpA AT LARCE Of Fort P~erce. ~~a~ MISSIJN EXp~RES S ~3 ~ o~~?«, f~o.~a~ ~ : ~ ~ ~I~~~CORDED = Q': . ~T.~tUCI~ COUNTY, fLA. =i_..:>t:~'~~~~' ~ j?~ ^E1~=^ V~R~- , ~ ~ s-y-,. ~ ~+rl. .''L :Y~~, - r = 19i6~`2 _ - ~ This Insfrument Prepared By John W. Col~ ~~-+x''• 1~~ ~t F+rst Federal Savi n gs b loan Association s_ .,:.iL, Q~ , , s : -ry : '70 ~1~'~ ~ I Pri Z : 37 , ~ ,,./~t'-.. ~ . ' of Fort Pierce Florid~ ! 1~ • n ~i~ p.ss' , , r . ~ • . ~ - ~ - Checked By •i,,~~~~~,,,,,. z~~ E~ i'osTR BQOK~~ PACE~~~~ C~~R~ ~~"~CWT COURT 4 ~ ^ , ~ _ ~ ~s.,~. _ : ~ , . _ . . . _ , ~ -s