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To place and continuous~y kcep on the bu~•dings naw w hereaitar ~~wate on sa;d ~and and on af~ eq~~~p~nent and persona~iy covered by this mwtg-
ege, with dl premwms the~eon Na.d ~n Iull, hre insu~ence ~n ~he usu.+t ste~~ard po'~cy (orm, in a e~•n aHp~o+rd by ihe htiOR~"vAGEE, and w~ndttorm
[nsurance in the uwal ~~andard po:.cy fo~m, in e wm a~.proved bY the MORiGAGEE, wch con+pa~~y o~ co~ni,an~es as ~he htORTGAGEE may
duec~; and all iirs and windstorm ins~ronce po!~ues on any of s~~d bu~Id~ngs, any in~arsf ~he~e~n or pan ih~rrof, i~ ?he ugyn:gate t~m aforesaid or
in extess ~hereol, tha~l cooiain the vsuat standard mortgagre cf.~use or such other clause as Ihe fdo~tyayee may reyu~re, mal.~~g trir loss under a~~d poli-
c~es, each and every, payab~e ro sa~d A\JRiGAGEE as ~~s uncres~ ~ray appear, and each o~~c! every svch po~,cy st:~ll ix promp~iy ass gnrJ erd de~ivered to
eny F~eld by said h10R(GAGEE as lurther security to said n•or~geya d~•Ut, and. not leu ~han ten ~10) drrs in ad~~nce of ~hr eapi~ahon o4 each poGCy, to de-
fver to said MORTGAGEE a renewa~ thereo(, togetha~ w~~h a rrce~p~ for Ihe premi~m o( svth re~~e,r.~!; a~~d the~r sl•a:l ba ~~c f,re o~ wi~~dsto~,n ~nwrance
pl~ced on any of said build~ngs, any interes~ ~he~em or part therroF, unfes: in ~he fonn and wnh the loss payab!e as aforesa~d; and in the event any sum
of money beca+xs payable undrr s~ch policy o~ po~k:es sa~d A10RiGRGEE sh.~~l have ~hn opf:on to rrc~•~va .,~~J ~pN'~ Cie sa~ne an atto~:~~ ol ~he inJrb~rd-
nrss secured hereby or to penn~t sa~d MORTGAGORS ro recei~e and use it or any p.~rt th..:c.ol Icr o:n•.•r ~.~r; :e••s. .:.~i,;,..~ ih.~~. ~r cr ~•~,p..~r- ~
ing any equ~ty, lien ot riqht under w by vinue of this mortgage; and in Ihe event ia d h10~iG.~GORS shall ,`o~ any re.~w~ iai) to keep ~he sa~J premiscs so
inswed, w fail ro del~ver prwi~ptly any of said po~~c~es o4 ~nsurance to sa~d MORIGAGEE, or iai! promV!~y to F+ay fu:!y any pre~n+u~n therciot Or in a~y ~
respecl fail ro pe~fwm, d~scharge, execute, e~fed, canptetr, co~nply w~~h and ab~de 6y th;s cove~~~~~~, o~ any part ha~rof, said MORTGAGEE niay p~ace a:~o ~
pay for suth insurence ar any parl thereof witiwut waiving ot aifedi~g any opt~un, lien, eq~ny, or n~M w:~lcr or b~ virt~a of fhis Mongage, and tfie
full a~nount of each and every such psymero shall be ~mmed~etely due a~d payable and shall Gear int~rrst irom ~hr date thrreof unhi p~~d at the rate of .
n~ne per cenwm pe~ annum and ro3eth~•r with s~ch inter~•st sha~~ br secwad by the lien of th~s mortgag~. !
1. To pe~mi~, comm:l or suffer no waste, impa~rment w deter+orot~on of aa~d prope~ry o~ any part ih_reof. f
S. To pay ail and s:ngutar the costs, chargn and erpensrs, ~nci~d+ng a reasaieble attomey"s fee and costs of abst~aUs of t~Ne, incurred or paid at
eny time by sa~d MORiGAGEE, becauae w]n the evenr of ehs fa:l~re on rhe pan ot ?he sa~d MORiGAGOR tc du!y, p~a*~prty ancl fu~iy pv~forin, dncharge, Z
>Recute, eftep, canp:tte, comply w~th and ab:de by ea:h and every tF,c stipv!a~~ons, agrremc•nts, conJ~nons, and cove~~a~~ts o1 smd p~om~sso~y note and th~s !
mortgape any or e~the~, and sa[d costs, charges and expenses, each and every, shall be ~r~mrd~at~ly due and pavdb:e; whc•ther o~ not ~here be no+~ce d~ ~
mand, attempt to co:lec~ or suit prnd.ng; and the fut! a~nount of each and every svch paymeN shall bea~ interes~ from th~ date thrreof untii pa~d at tF.e 3
r~te o~ ni~e per crnt~~n rr amw:n: and all sa~d cests, tharges and ~x~xnses int~rrrd or paed, toyctF~er ~t~th such interest, shall be srcured by the I~e~ oi th~f ~
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mo+tgaQe.
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6. TMat (a) in the event of any breach o( this Mortgage or de'au~! on ths part of thc Y,ORTG~GOR, or ;6) in the event any of sa'd sums of money ~
here~n reFened to be net p~cr.~p!ly and lu:ly paid within th~rty (3~ii days ~iext a~~_•~ !he s~«~r se~era'ty beconve d~e and pa~ab~e, witi~out demar.d o~ not~te, ~
:r (c) in thr event each anci e.rry rhe stip~iat~ons, agrecmenls, cw~Ort~ors snd covenants of sa.d p~o~•~~si.,ry no~_ a~+d th~s nwftgoge any or e~~her are nof
i~:y, prpnpNy 8rx! fully perfo:r~~ed, d~stharged, exK~ted, eilected, to:npleted, compi~ed w~th and aF.•ded Sy, then e~ther or any such event the sa~d ag- j
g~egate sum mentioned in sa~d p~omissory note then ren~aming u:ipa~d, with mtrre,t aurued, a~:d a.~ :~~onuys aec~rrd hereby, sha'I txconx due and pay~ 3
able forthw~eh, or thereafter, at :hr oprio~ of sa~d MORIGAGEE, as iully arw-f complerciy as if a~t aF rt,~~ sa~d s~ms of money were cr,qmally sr:pv:ated
~o be pa.d on s~ch dzy, anyth;ng :n sa d pro:n~ssory note or in this ASo~tgage te the ca~rra~y not.vnhsts•id~~~q; ~~~d ~hereupon or ~hercefter at the opt;on of
ea~d MORTGAGEE, w~thout nos~ce or demand, s~~t at law or in equ~ty, the.efore w thrrraf+er begun, may be prose,uted aa ~f all moneys secured he~eby
n;d maWred pnw to ~ts inst~tunon.
7. That in the event tha~ at tht beginrting oi w at any t~me pend~ng any s~~t ~pon ~Fd: 1lertgage, or to foreclose it, or to reform it, o~ to enforce
paymertl of any cla~ms he~eunder, said ir~ORTGAGEE shafl apply to thr Co~r~ having ~~nsd c~~on s~,ereot for thr af•-po~ntneent of a Rece~ver, soch Co~rt ahail
torthwith appoint a ieteiver oi said mort3aged prooerty all and s~ngu:ar, inuud ~~g o~~ and su~gu~ar tF~e ir.tcn:e, p~of~ts, iss.;es ar.d revenuez from r.hjlever
source denved, etch and every of wh~ch, ~t being expressly ~ndersicod. ~s 1:e«'v~ merty.igi•d as ~t sF•ec:t~ca~ly srr forrh and desu~brd in iht granr,ng and
habendum ciauses hereof, and such Rec.~ver shali have ali the b.~a~ ar~d rifect:ve fu~ct.cns and po"~ers in any,iv~se entivsted by a Co~~t to a Recaiver, and
i. ch appoiMment shaU be made by svch Cov~t as an ad~~iirtrd equity and a mette~ of acsoi~te r.gh~ ro sa~d AM1ORiGAGEE, and wi;bout relerente to the
edequaty or inadequacy o1 the value of thz proprrty mortg,yed o+ to the so,vency or ~nso~.enc~ ot said MORiGAGOR o~ the de:'rr~d~~ts, and th,~t such
re~u, profts, income, issues and rever.ues shail be appiied ~y wch Rec.:~ver ac.ord~ng to the :+en or rq~ity ol aa~d Mi7RTGAGEE a~:d the p~ad~ce o} s.,ch
COVrt. !
8. To du!y, p.o~*+pt~y and f~l!y perform, d~scharqe, e¦ecute, efEecr, comp;efe, co:npfy w~!h and aL•~de by each and every ~he stipu~atEons, agreements, ~
c
:ond~rions and covenants sa~d prum~sso-y note and th~s mortgage art forsh. ~
9. That in the eoent ehe ownership of tF.e mortgaged prem~ses, o~ a~~y part ti~ereof, Lecornes vested in a pe~son other than the r.tORTGAGOR, the
N.ORTGAGEf, its wccessors and 35l~gns, may, without ncT~ce to ~he A'ORTG~OR. drai w~:h s"h s~cceszor or successor ~n ~nterest Nr~rfi rete~ence to thls
~~o•tgage and ~he d_u+ he~eby sc:~red in the same manr.er as ~n~th lL~~rt~ego~ w~iho~! in any .~,.y vit ating or d,sche~g~ng t~e tAw!gagors' I~ab~:~ty here-
o^.der p upon th~ deo~ hc~ery srcured. No sa:e of fhe F~e~~ ~srs h~~reby mortgaqrd a~ d nu fal~e.,r,,n.e on the parf of tF,e IAORIvAGEE or i!s s.,ccesso~s
or ass~g~s and no ea}erz~o~ o~ fhe t~me far the payment of the drbr her~by secureJ g~ven by the !.1pRTGA(;EE or 1rs successurs or ass:gns, al~ail operate
!o release, d~scharge, modrfy char.ge o~ affett the origmai Ga~~;:ty of ~he R.ORiGAGc~R I:e~r~n. e~ther ~n who~e or ;n part_
10. It is spcc~f;jFy agreed that time ~s of the esseace ef ~h~s con+ract and tt:at no wa~ver of any oE•' gat~o~ hereunder cr o( the obligarion sr
cured hereby shal~ at ary nn:e thereatter be he:d to be a K'dIY@I oi the terms hereof or of the inSNUment secu~ed hnrby.
I l. In .xi:1 •o +he {orego ~•g ••:e:~vh?y paym_~nts of pr,-c :~ai and in~e:cst re~:,,,~d 'ay ehe F;•cr.; ssc~y ~:o~r s~_~~ced h..•,~/, m0•!g3~JI eovenants
end agrees to pay to ~•.crTgagee v.:th rech m.enthiy pay~.:ent an ad:i ~~onal s~m cst z.ered b/ mo~~y3gee to be etiuei to 1 12 01 t.:a an:r,;a1 cost of the foliow-
;ng:
i A-A~I rea! rrcperty tax~s ier.• or assess_d ag ~~••st th•_ acove desc~ih~ d real es~ete.
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B- F-r .•-s on t~re and w~~~ds'o~m ~nsv~ar.ce x her~~n reqwre~ to be ca•~«d c~~ the :m;-ro~e~ne~ts s:!~~arz on the abave d_sc~~b~~d prem~ses.
~I C-Pre~n;ur_s o~~ svch mo;ty~ce guaranty icsurai.ce as mo•tgagee shaii fro•^ t~re to i:•ni~ deem f~t to ca•ry on the Eoan xcured hereby.
Mortgagre sha frcm t~~~~a 'o !~^~e ~ct~f~ monyegcr n w~~+.~zg of the a~rou~t d.:~ and pa~able herevndrr and wch so•n shall thrrrupon be due and
I ;.~~abte on the UJE .~ate of !F? 1~L'tt !1'O'11I'f( pjyn~~nt and e~Ch SuCCcSSiV@ month u,erc•aft~r v~:!if inertgagee sha11 no!:fy murtgappr of d chan~e in such
j ~-'•o~M. Suth s.,ms s! ~~:;e a~;p:ied by mortgay_~e to.4a~d the payment of rea: prope~ty taaes, ies~rance prem.ums, a~~d mor!gage gv3raroy insurance
u•emiums. ~
IN \'~~Tt2E~5 :YH~VCO~ 'ne sa~d MORTGAGOR has hereunto set i ~ seal the day and year first a{oresaid.
~ S~gned, Sea~ed and de':i~ered in the p+esence of: ~~~.E~ ;E `,0~~ fU, ` ' r
~ - - st. aoCEa Poit~~s ~s~.n
j v~i~~-'~~ra-[~ CIERR CII1CUIj COUR `r'+ • (~a~)
( RECORO YEa~F1E0
~ ~ (5ea~)
~ - ~ ~ ~ ~'M'11 (Seau
~ S~A1E OF FIORIDA ~
~ St Luc ie
~~~Nn oF • ' 2 p 7 0 61
Philip Pearl s'~
~ Befwe me personallX appeared and
Blar.ehe/Pearl w~(e, to me well knovvn and krtown to me to be
rhe indiv~duals descr;bed in and v~ executed the foregoing instrumer.t, and acknow:edged before me that they executed the same ior the p~rposes
r
~ rhe~ein eapressed. And the sa~a_ _ Blanehe @82'1 _ _ _ _
„ Philip Pearl • u~on a se a~ate and r~vate
~ nr~fe of the said - - - P P
3 e*am~nat~on by np tak~~n separate and ape•t from her aa~d fiusband, atknowled~ed to and 'oe(ore me that she executed sa~d instrument Ireeiy and vofun-
~ ran'ry and wnho~t any compu!sio~, consrraint, apprehens:o~, or fear of or from her said husband.
- WITNE55 my hand and off]t~al seaf this_ day of _ ____._=~ri1 ~ A. D. 19 7~
~
Notary Public in and (or the State of Flo:ida at large
~ _ My Comm~ssion expires:
Retum To: ,~~.~~~~~~~~~~~~~r'~,,~ I~TA7t PUBUC. STATE OF FLORIQII AT UIRGE
Fint Federsl Sa~;ngs b loan Associat:on ••~1~~~~~~~~~~4~ ~IY~C":1MIS~ION EXPIRES SEPT. 23, 1973
of Fo,t P=. ce .v BOrIDED fHRU fRFD ~A1 OlESTlLHORTt
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fort P~erce, Flonda ' ~'•~=.(~4~' , : :
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~ This Instrument Prepared By J~t111 W ~0,~. ~ + 'f`': ' _
First Federal Savings 8~ Loan Association , ~ ' ~ ~
54 . . .i ~
of Fort Pierce~ Flo~-ida ,;,;~;`'S` '
.
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r, ~uNN~~'.
rt Checked By - - ' ~
- aooK ~91 i2b'8 ~
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