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Home My WebLink About1221 3. To plac~ and continuou~ly keep on ~F?e bu~:d~rp~ now a Mr~at~K ?ituat~ on ~a+d lu+d and on alt eq~ipm~ro and personaiiy cover~d by ~his mor sgs, w~~h all prem~vms the~eon pa~d in fuii, fire insurance ie rh~ usua) ~tanda.d policy lo~m, in a sum app~oved by the MORtGAGEE, and wir+Jsto ~nsuru?c~ in tM uswl i~andard pol:ty fam. ie • wm app~oved by tM MORTGAGEE, io such company or companies as the MORTGAGEE m d~r~cts ~nd all fir~ and wMds~orm insu.ance pO~iCiH on ~~y of u~d build~rgi, any int~ras~ therein w par~ thereof, io the pgrcpa~e ium afwesaid in exceu thereof, sha!! tontain tM usval stindard mptga9t~ clauq p such olhtr cl~u~ a~ tM Mortyages may requ~re, maAinp tht lou under ~a~d po ues, each and eve~y, payabl~ to said MORTGAGEE as itt interest may ~pptar, and e+ch and every suth poficy ~ha11 be promptty ass9ned and delivered r eny held by said MOR(GAGEE ~s (ur~he~ security to said mor~pagt dcbt, and, no? feu than ?en (10) days i~ adYance of the ezpirat~on of each pol~cy, to d~ liver fo said MORTGAGEE a renew~l therMf, toyethe~ with a rKeipt for tM premium of tuth ~enewal; and there shall be no fira or winds~o~m insurant placed on ~ny of said buildir+ys, ~ny interest the~ei~ or parl Ihereof; unteu ie th~ form and with the loss payable as afwcsaid; and in the event any sun of money becomes pay~bls u~der s~,th polity p polKiea wid MORTGAGEE shall haw ~he option ~o receive and apply the same on accounl of the indebted ness secu~ed hneby W io permif sa~d MORTGAGORS to receive ~nd uf~ it Ot Any pa+t thereof fo~ Ofhct purposes, wilh~~t Ih3r~o/ waivi~i3 Or e~npair• ing any eQuity, lier? or right ~n~ier w by virtve of this mortgage; and in ?he event s~~d MORTGAGORS :hall fw any reason fail to keep the said premi~s so insured, d fail to deliver promptly any of said poli~ies of insurante to ssid MORTGAGEE, W fail promptly to pay fully any pre~nium theratw w in any respecf fail ro perfwm, d~scharge, execute, effect, complete, compty with and abide by this eove~ant, a a~y part hercwf, ssid MORTGAGEE may plste and pay fw such insurance w any part Ihereof without waiving w affectlnp a~y optioa, lien, equity, o? right under or by virtue of this Matgage, and tht tull amo~nl of each a~d avery such payment shall be immediately dve and pay~bk ~nd ~MII bear interest from the date tr.rreaf v~til paid a~ tha rate oi n~ne per cenrum per annum and together wlrh such inretest sha~f be secured by the lien of this mortgage, 1. To pe~mit, commit or suffer no waste, impairmeM o~ deteriwation of said property o? ~ny pa?t thereof. 5. To pay sll ar+d singular the costs, charges and expenses, includirg a ressonable attor~ey i fee and cosn of absrracts of title, incur~ed w paid st any time Ey said MORiGAGfE, because o~ in 1he ~vent of the failure on the part of the said MORiGAGOR to duty, promptly and fvlly pe~fam, diuharg~ ! execute, effect, complete, canply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenants of taid promissory note and this morfgage any w eithei, and sa~d cosn, cMrges and expenses, each and everyr, shall be immediately due and payable; wF+ether or not there lx norKe de- mand, attempt to colled or suit peoding; and the fult amouot of each and sve?y svth payment shall bea? interest from the date the~eof until piid at the rate of nine per ceNUm per annum; and ali said costs, charges and expenses inturred w paid, together with such interest, shall be setured by the lian of this mortgage. 6. Thst (a) in the event of any breach of this A~{wtgage w default on the part of the MORTGAGOR, a(b~ in the event sny of said sums of mor?ey herein referred to be nol promptly and fully paid within Ihirty (30) days next after the same severally betome dve and payable, without demand o? notice, or (c) in the event each and every the stip~lations, agreements, conditions and covenants of .sa~d promissory note and th~s mortgage arty w either a?e no1 iuty, promprly and fulty perio~med, d;xharged, exauted, effected, completcd, complied with and abided by, then in either or any such eveM the said ag gregate wm meMioned in said promissory note then remaining unpaid, with intercst accrued, and all mor?eys setvred hereby, shall become due and pay- able fwthwith, w thereafter, at tMe option of said MORTGAGEE, as fully and completely as if al! of the said sums of money were originally st~putated to be paid on such day, anything in sa:d promissory note w in this Mottgage to the cor~trary notwithstanding; and thereupon w thereaite~ at the op+ion of said MORTGAGEE, without notice w demand, suit at law a in equity, therefae w thereafter begun, may be prosec~ted as if all moneys secuied he~eby ~ nad matu~ed {N~w to its institution. 7. That in the evcnt that at the beginNng of w at any time pending any wit upon this Mortgage, or to foreclose it, or to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction ~hereof fw the appo~nfmmt of ~ Receive~, such Coun shall iorrhwith appoint d rtCtirC. C~ __:1 riW[t(32gBd ;uoae:!; a!! e~± .B.M••!~.•, .nclud,no all and singular the income, profits, issues and reve~oes from whatever source dtrived, each and every of which, it being expressly ~nders~ood, is hereby mwtgaged as if spec;fically set fwth snd dewibed in tF?e g?anting and habendum c~auses hereof, and such Receiver shall have all the broad and eFfective funct~ons and powe?s in anywise entrusted by a Court to a Reteiver, and s~ch appointment shall be made by such Cou?t as an admitted equity and s mstter of absolufe right to said MORTGAGEE, and without reference to the adequacy w inadeqvacy of the vatue of the properry matgaged w to the sonrency or insolvency of said MORTGAGOR or the defe~dants, and that such renrs, profits, intorne; issues and aevenues s1w11 be applied by such Reteiver according to the lien w equity of said MORTGAGcE and the p?actite of such Court. 8. To dvly, promptty and fully perfwm, diuharge, execute, effett, complete, comply with and abide by each and every the stiputations, agreements, conditans and covenants in sa~d promiuory note and this mortgage set forth. ; 9. TFwt in the event the ownenhip of the mortgaged premises, or any part thcreof, becomes vested in s person other than the MORTGAGOR, the E h10RTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such succe:sor or sutcessa in interest with reference ~o this ~ mortgage and the debt hereby secured in the same manner as with hbrtgagw witiaut in any way vitiating o? dixharging the Mortgagors' (iability FKrr under w upon the debt hereby secured. No sale of the premixs hereby moAgaged and r?o forbearance on the part of the MOQTGAGEE or its successors ~ or assigns and no extension of the time fw the paymeM of the debt hereby secured given by the MORTGAGEE or ifs successora o? assigns, shall ~ra~ ~ ~o ?elease, discharge, modify change a affect the original liability of the AAORTGAGOR herein, either in whole ar i~ part. ~ 10_ It is speuficatly agreed that time is of the essence of this contract and that ~ waiver of any obl~gat~on hereunder o? of the obliga ~ cured hereby shall at any time thereafter tie held ro be a waiv~r of the terms hereof d of the instrument secured heiby. ~ 11. In add~tio~ to the forego:~g mo~thly payments of princ'pal and interest required by the prom~uory ~ore secured Fiereby, mortgagor covensnts and agrees to pay to mortgagee with each monthly payrnent an addi~ional sum estimated by mwtgagee to be equal to 1/12 of ttie annual cost of the follow- ing: A-All real property taxes lev~ed or assessed against the above described real estate. B-Premiums o~ fire and windstorm insurar,ce as here~n requ~red to be car~ied on 1he improvements situate on the above described premises. C-Prem;ums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the Ioan secured hereby. 11M1ortgagee shail from time to time notely mortgagor in writing of the amount dve and payabte hereundrr and such sum shall thereupon be due and F3yable on the due aiate of the next monthly payment and each successive month thereafrer ur,til mortgagee shall notify mostgagor of a change in s~ch a~~ounf_ $uch sums sHall be applied by mortgagee toward the payment of real property ta:es, i~surance prem:ums, a~~d matgage guaranty insura~ce premiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto xt his hand and sea! the day an year f' t faesa' . S+g+~ed. Seakd aruJ de ' red in e pesence of: ~ ~ / ~ _ - n Walter 1 pierce~ a k a ~~aq - Walter Pierce~ a.k.a,? Wa1tR~ James Pierce, Sr., unremar~d surviving spouse of Eva Pierce~ STATE OF FLORIDA ) dQC@dS~ct~ COUNTY OF - $t. U1C1Q j ~ 8efore me persawtly appeared Walter J. Pierce, a. k.a. Walter Pierce a k.a. Walter Jamese1gierce Sr.. unreaarried surviving spouse of Eva Pierce, ~ease o me well known and known to me to bs the individuar described in and who executed the fwegoirg instrument, and acknowledged befae ma that ~he/ executed tFie same for the~putpoaes . , z,~ : , thercin expressed. ]ltirryt~te~Ca[ ={s. ,r ~eia~abmoet~tx x~ - ~ . - ~ - WITNESS my hand and official seal thi - day of A ~ o, [4 : . - o ',ri- No ry Public in snd fw t Statr a_at - t Y w-` My Comm~uion expires: • ' ' n.. Return to: ~ N07QRY FU~LtC STATE CF FlOR10EF~~~tlftt~• .'.'S; " First Federal Savings d. Loan Assotiation b1Y COMt~lISSiOiV EXPiR~S MAR. "'1„ ~yt1,a; - Of fort P~erce. GEFlERAL lNSURANCE UNDERtYRI?Ei't$1J.\C. Fort Pierce, Florida ~ v J ~ ZT;~ARD 1t~CQ_~~~~ ROCER PO~iTRAS This Instrument Prepared By John W. Collins i First Federal Savin s 8 Loan Association CLERII CI,~CWt CO~RT ~ ; 9 RECORD VER1FffD of Fort Pierce ~ F lor i da Checked By~ ~nt Il 12 j6 PN ~TZ ~~~0~ ~1~i9 ~S _ ~ _ , - _ . _ ~ - a- ~ -~4~ - _ 4 _ ~ _