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Home My WebLink About0985 , ' . ~ - 3. To p~ece a~d con~6wously kcep on ~he Lu~'d:ngs now or hereafte~ s~tuate on sa~d ~and and on slt equipment and penonally covereci by th~s mo~ ege, w~iA a~l premivm~ ~h~reon pa:d +n fu:f, f~re ~:~suron:e ~n ~he usua: atar.d~rd po'rcy form, in a sum aFpro+ed by thr MOR~GAGEE, and w~~dsro insuranu in the usual atandard pot,ty fo~m, en a sum app~oved by the MORTGAGEE, in such ~ compa~y or to:~pan~cs as tha h102iGAGEE m d~rK4 and all (ire and windstorm insu•artce polic~es on any o1 sa~d build~ngf, ~ny inte~est therein o~ pan thereof, in the a99regate a~m a+uresa~d in excess the~eof, shall contain the usual standard mo~rgagee cl~use w such othe~ clause as the Mortgagee may reyu.re, making the ~o~s under sa~d po ~ c~es, each and eve~y, payab~e to s~~d A10RTGAGEE as +~s ime~rst may appear, and each and every such poLcy shall be promp~~y ass gned ard de,~vered ~ ~ any held by sa~d MORTGAGEE as further sec~r~ty ~o sa~d mo~tgage drbt. and, no~ ~ess ~han ten (101 days in advence oi the eap~rauon of each poi~cy, to d. i~ver to said MORTGAGEE a renewal thereof, together with a rece~p? !or the pr~:nium of iuch ~encwa~: and thera ahail be ~o Lre o. v.~„dy~or,n inwranc j placed qn any o( sa~d build~ngs, any interest there~n a pan ~herEOf, unless in ehe form ar.d w~th Ihe loss eayable as afc~esa~d; ar.d in the e~e~~ any sun ~ of ineney bcca~es payable under such policy or poLcies said MORiGAGEE sha11 have ~he opt~o~ ~o .ecaivr and apply the same w+ accoum o( the ~~~dab+rd • ness sKUrrd hereby or to perm~t sa~d A10RTGAGORS to receive a~d use it q any pa~? thr.cof tor c'~rr ~ur~~ses. v~.r~~o~t th~•.ui ws~•~~) o~ ~•~~P~~r ~ ing any equ~ty, licn o~ iight unde~ w by virtue of this mo:tgage; and in the event sa:d MORiGAGQRS shall fo~ any reason fail to keep ~he sa~d p~em~srs so insurrd, w fail lo dellver p~anptly any of said pol~des of insurance ro sa~d MORTGAGEE, or fa~! p:omptly to pay fu~ty any pre~+~~~m therefor or in a~~y ~espect fa~l ro pe~(orm, discharge, execuee, e{fect, complete, comply wiih ar.d ab~de by ~his cove~an~, or any parf hereoi, sa;d MORT3AGcE mav p~ace a.~o pay (w such insurance o~ any part thereof wnhout waiving or affecting any option, ~ien, equ~ty, o~ nyhf under or b~ v~rrue of ~his hlwtga9e, and fhe full amounl ol ejch and every s~ch paymem shall be immediately due and {ayablr and shall bear interrat from the date therco( un~il pa~d at the ~ate o1 nme µr centum per annum and ~o3ether with svch interesr shai~ be sec~red by the lien of this mortgage. To permit, commit or suffer no waste, impairment w deteriorat~on of said prope~ty w any part thereof. S_ To pay all and singular the costs, charges and expenses, including a reasonable at~o~ney's fee and costs oI abstract~ of title, incu~red or pa~d at any time by said MORTGAGEE, because a in the event of ~he fa~ture on the part of the said MORTGAGpR to duly, prompt~y and fu~ly pr~fO~m, d~scharge , ~,ecvte, etfec~, comptete, comply wah and ab:de by ~ach snd every the stipulanons, a9reemenrs, condit~ons, and covenants of sa~d pro~n~ssory note and ~h;~ ~ n:origage any or e~~her, and sa~d costs, chargea and expenses, each and avay, shall be immed~ate:v due and payable; whether w not rhere be nor~ce d~ ~ mand, attempl to collect or sui~ pend~ng; and the futl amoum of each and every such payment shall bsa• in~ereat from the date thereof until pa~d at the i _re of nine per cenrum per annum; anc~ all said tos~f, chargrs and e+epenses ~ncurred w pa~d, togethe~ wnh such m~erest, ihall be secured by the lien o1 this mo.tyi9e. 6. Tha1 (a) in the eve~t of a~y breach of this Mo+tgage or default on the part of the h10RTGAGOR, or (b) in the event any of sa+d sums of money herein referred to be not promptly and fully paid within th:rty (30) da~s nexr afrer the same seve~a::y beco+ne due and payabie, wi~hout demand w noGce, or (c) in the evem each and every the stipulations, agreements, cond~tio~.s a~d covenanrs of sa;d prom~ssory note and th:s mortgage any or eithe~ are not ~~ly, promptly and f~ily per(ormed, d.scharged, executed, effected, comptctcd, compl~ed w~th nnd ah+ded 5y, then in enhei w any svch event the sa~d ag- gr~gate sum mentioned in sa~d promisswy note thrn rema~ning unpa~d, with interest acuued, and atl moneys secured hereby, sha!I become due and pay ae.e forthwith, o~ thercafter, at the oprion of said MORTGAGEE, as fully and completety as if all of the sa~d sums of money were ong~naUy st~pu~ated ro be pald on such day, anyth:ng in sa:d prom~ssory note or in ihis Mortgage to ihe ccnrrary notw+thstd~d~ng: and ther~upon or thereafte~ at rhe opr~on of sa;d MORTGAGEE, without not~ce or demand, suif at law or in equ~ty, thereFore or therrafter begun, may be plosecuted aa•if all moneys set~red hereby r.cd matured pnpr to ds institut~on. . • ~ ~ ~ , , 7. That in the event that at the beginn~ng of oi at any timZ pendinq any su~t upon'thia Me~tg~gl,•o?'t8~/dkclose if; ~fto nfqrt~ it. or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Ccwt having ~unsdction'tbe~oi torllip Appo~~n~) Of • ReSeivN, such Covrt shail icr+hwirh appoint a ~eceiver of said mortgaged Froperty ali and sincu:ar, inciud ng a~l and singu~ar the ir.come, prof~ts, issues and revenves from wh;tever scurce derived, each and every of wh:ch, it bemg expressly undenrood, is hereby morrgaged as ~f speufica!ly set io.th and deunbed in the g.anr~ng a~d t,a~end~m cla~ses hereof, and such Receiver sbaf! have atl the broad' and effeaive f~nct.ons and powers in anywne emrusted by a Court to a Receiver, ar.d s__h appoiotmrnt shall be made by such Court as an ad~nittrd equ~ty and a rraner of abso~u~e r.gM ro sa~d MORTGAGEE, and winc~ut reference to rhe r.dequacy w inadeq~acy oi the value of the property mortgaged or to the savency or ~motvency of sa~d MORiGAGOR or the detendants, and fhat wch . e^rs, profits, incane, issues and revenues shall be app:ied by such Receiver accord~ng to the lien w equity of said MORTGAGEE ar.d the pract~ce of such CouA. 8. To duly, prompNy and fully p~r!orm, dixharge, execute, effect, complete, compiy with and ab~de by each and every the st~pulatio~s, agreements, ; ;ondrtions and covcnants ~n sa~d promissay note and this mortgage set forrh. 9. That in tAe event the ownership o`. the mortgaged premises, or any part thereof, becomes vested in a perwn o~her than the MORTGAGOR, the t h!~RTGAGEE, its successors and asvgns, may, wirhou~ not~ce to the A50RTGAOR, deal wirh wch successor or successor ~n ~nterest ~v~~h reference to th~s ? ~ o-~gage and the debt hereby secured in the ume manner as w~th Mortgago. w~tFwut in any way vitiating or d~scha~g~ng the Rto~tgagors' ~iabiiity here- c.nder or upon the debt hereby sec~red. No sale of the Frem~ses hereby moitgaged a~d no forbearance on the part of the M0~2TGAGEE o~ its successors or ass~g~s and no eate~sion of rhe t~me for the payment ot the debt he.eby sec~red given by the MORTGaGEE or its successws or ass:gns, a~~all operate rc rNease, dasharge, modify change or affett the ongina! liab:t:ty of the MORTGAGOR here~n, either in whofe or in parf. 10. It is speuf~cally agreed that time is of the esser.ce of this contract and that no waiver of any obl~gar~on hereunder or of the obligation se- ! i cured hereby ~hat~ a~ an~ time thereafrer be hetd to be + waiver of the terms hereol or of the instrumem secured herby. I 1. In addnion to the fwego ng mor.thly payments of princ pal and interes! requ~red by the prom ssory na~e secured hereb/, mortgagor covenants } +^d agrees to pay to mortgagee w~rh each menthiy pay~.,ent an add~rional sum es+: T:aied 6y mortgagee ro be eqval to 1, 12 of the an:~~ai cost of the fo~iow- ! :ny: i ~ A-Ali real property ta,crs levied or asse:sed aga~•ist tne above desc~~bed real esrare. ' i ; f B-Premiums on f~re and windsto~m insurarce as here~n ~equ:red to be canied on the improvemenrs sit~ate on the above deacribed premises. I C-Premwms on such rnorrgage g~aranty irsura~:cr as mortgagee shaN from r me ro time deem fit to carry on the loan sec~red hereby. Mortgagee shail from nme to time not~fy mortgagar m writ~ng of the amount due and payable hereundrr and such sum shail thereupon be due and ~ :.3yable on the due date of the next monthiy payment and each successive month thereafter uctii mortgagee :hatl rtot~fy mortgagor of a change in such - ,°ovM. Such wms s~!a:l be app:ied by mortgagee towa~d the payment of reai property taaes, insurance prem.ums, a~~d mortgagt guaraniy insurence :re~niums. ~ IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afore id. g Sig~xd, Syt~d a_nd deiiCer ;~n the presence of: ~ ~ •SS r~~ib ~7 J $[i~~ : ~ (Seel) : ~ (Seal) i ~ _ ' N ~ (Seal) ~ S i ATE OF ~Ft9R~B/R ! ~ . ~ ~ ; ~ :OUNTY OF • • Before me personally appeared ~'~'i1118ID H• Pierce and Vina Pieree, h~s ~ife a~ ~ !~tax Pierce and Betty Pierce ~ his wife, to me well known and know~ to me to be ~ rhe individuals described in and who executed the f«epoir~g instrument, end scknowledged beiore me that they exetWed the sarrte for the purpoxs ~ rherei~ exa~~xa. a,d said Vina Pierce wife of the said willian H. Pierce and Bett~::F#arce - :r .,~fe of the wid Max Pierce upon a separat~ ~rd priwt~ ' e.aminat~on by me taken xparate and apart from her said hvsband, acknowledged to and before me that she eaecuted said instrumeM fAe1y and vOfvrt- 4 c; ~anly ar.d without any comp~tsan, constraint, apprehtns[on, or tear of or from her said husband. } ~ ~ WITNESS my hand and official seal this 0 day or ~Jan~r A. D. 19 72 ' ~ ~ l Notary Public in a~d for the State f at large -5 ~ My Comm~ssion expires. R~,~~~ To: 7- / 9 4~/ - " Fint Fedenl Sav:ngs a loan Associat;on La~ Of Fort P~erce. fort P~r~ce, Flor~da FILE~ ~h~? RECOROEO ST, WC~~ COUMTY FL~. This Instrument Prepared By RichBYd K. Ks,yes ppCE ~F0?TRAS ` First Federa! Savings 8 loan Association CIEFK CU~~ COURT t RECCP.O ~E~.~•~EO : of Fort Pierce ~ F1oTid~ 2~ - Checked By _ ~E8 ~ i ~ 223164 = ~ . • aoo~c s~ ~ ' ' ~ ~ _ . _ . _ _ - ~ -