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Home My WebLink About2125 1o pl~c~ •nd con~«,~,o~uy l~ep on ih~ t,.,~ J,r,p~ no« a h~r~~lte? u~vare on »~d l~nd a+d on •t, ~q,,~pnen~ and p~rwMlly co~~+ed by ~na p~. w~~A dl p~emwm~ O~ereon pad .n I~il, Lre ~~~iwrKe ~ tM u~w7 ~fanda,d po'Ky lo~~n, ~n • w~n •~y.ov~d b~ tM MOR~uAGEE. •nd w„d~ro ~n~uru+ce w? ~M uw~i •~~ndard po:.cy lam, in a ti~m sFMo.~d b~ ~M Nk~RTGAGEE. ~e t~cA canpari~ o~ cy*p+mn as ~M MORiGAGfE T d~rec~; ~nd ~N (N~ ~nd w~~duo~m 1nsw.~~+c~ poi~uct a? ~oy ol ?~~d bu~Ed.~ps, any in~ae~~ ~h~re~n w p~~~ ~he~eof, in tl?e ~y~q~ep~~~ wm Naeu~d in ~ace» d+erool. ~I.~tl coni+in tM ww1 ?und~rd ma~ppe~ ciause a• ~uch o~her clavH iM Mw?9aqe~ ma~ ~~qu,r~. ma~eq ~M ~ou vnda ~,d po c~e~. e~ci~ a~d ev~ry, pareb~• a sa«f MORTGAGEE ~s ~rt 1~t~~et~ m~~ 1ppfN, ~nd eaci+ and •vay •.xh po~~cr sh~~~ be p.omp~ir ~~s q~sd ~~d de~~vered ~ •~y heW by s~+d MORtGAGEf ai iwtha secu~~ty to u:d matpafl~ debt. ~~d, nw tsu thae t~n l10) days in sdw~K~ oi the •rpu~t~a~ ol e+cb pot,cy, to d ~~ve~ ~o sa~d MORiGAGEE a rer+ewal ~hersol, toqetl+N with • rece~pl (w tAt p~fmiwn o) tvch tenerr+~: end ther• sM8 b~ n0 f~ro or w~ndf~am insuranc placed on anY of H;d bu~ld~nps. any inreres~ ~hcre~n a par~ ~h~rwl, unle» i~ ~he form and wi~h N+e lou pa~rab~e ai •fa~~aid: u+d in tl,~ •v~m •ny sun of nwn~y becomes payable u~da ~~ch poticy a polKie~ said MORTGAGEE shall hav~ ~M op+an ~o reca~ve and appty ~ha sane on accovm oi the indeb+rd ne:s sec~r~d he~eby Or fo permit ssid AAORiGAGORS to recair~ vf~ it p any pd~l Ihe:eo) fo~ oinc~ pu~~•~srs. ~v~~hout th ~a o/ wa~.:~~~ ~~npwr ing any eqv~ty, lien a r~ght under w by virtw of thiti morayape; and in tM event s~~d MORTGAGORS sMll !w any reaw~ fail Io keep tFK sa~d p~emisrs so ~nsurcd, o? tail w deliver promp~ly ~ny oi ia+d polKie~ of in~ur~nce to s+id MORTGAGEE, a fa;i p+omp~ly ta pay iu:ty any pre~~~~.rm iherefw a in any re?pect lail to perform, d~sthuge, execu~s, eflecl, complete, tomply wi~h ~nd ab~d~ by thit cova+ant, p any part hrreof, sa~d MGRiGAGEE may p~ate +•+d pay fw such insurence w~ny part therewf wf~hout waivinp w affectu~p ~ny option, lien. tqu~ty. o~ right unda w by virtue oi ~his Matg+~s. and the fu11 amount of each and every such paymenf sMll be inwaedfately dve and payable •nd shall bear interest from ~he date thereof until paid at ths ra~~ ol nme pe~ centum ~xr a~num and togrther with suCh iroerost shali be setured by fhe lien of this mortgsge. 1. io permil, commit o~ svifer no wasle, impairment u de?etioration of said property o? ~ny put tRereof. 5. To pay all arx) ?ingvlsr the costs, charges and eape~sei, including a reasonable attwney's Fee and costs of abst?ac~s of title, incurrcd or paid at ~ny tiir.e by suid MOATGAG'E, because a in the event cf the faelure on tlx par~ of ihe said MORTGAGOR to duly, promptly and fully perfwm, d~uha~ge. e,ecu~e, efiec~, complete, canply wah and ab:de by each ar+d every the a~ipulatwns, ag~eements, conditiau, and covenants o~ sa~d promissory nota and th:s ~ mortgage any w Nthsr, and sa~d costs, charges a~d expenses, each and every, shall be immedia~ely due and payable; whNher or nat there be r+o~ice de mand, anempt ro colled or suit pend~ng; and the fvll amo~nt of each and eYery such paymero shall bca. interest frtun the date thereof until psid at the ~ r.,re o! nine pe? centum per an~tium; aMt all said cosrs, charges and expensea incurred w paid, together w~rh such interest, shall be secu?ed by Ihe lien of thii t mortqage. . 6. That (a) in the evcnt of any breach of this Mortgage or default on ~he part of the MORTGAGOR, or (b) in the event any of sald svms of money herein roterred to be nol promptly and fully paid within th~rty (30) days nexf aite~ the same severalty beccme due and payable, without dernand a notite, or (c) in the event each and eve~y tFx stipu:ations, agreements, conditions and covenants of sa~d promisso~y ~ote and th~s mortgage any w eithcr are no1 i~1~, promptly ar+d (ully perfermed, discharged, executed, effected, completed, complied with and abid~-~d Sy, then in e~ther w ar+y such event the said ag- gregate sum mentioned in said promissory note the~ remaining unpaid, wi?h inte?est accrued, and all mo~eys secured hereby, shall become due and pay- ab;e forthwith, o~ thereafter, at ihe opt~on of said MORTGAGEE, as fully and compleie~y as if atl of ~he said wms of money were wginally st+pulated ro be pa:d on such d~y, anything in sa:d prom~ssory note w in this Mortgage to the conrrary notwirhstand~ng; and thereupon w thereafter at the op~ion of sa+d MORTGAGFE, wirhout not;ce a demand, suit at law or in equity, therefwe a thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgaye, or ro fweclou 'et, a fo refwrt~ it, or fo cnfwce payment of any claims hereurtder, said MORTGAGEE shall apply to the Court having jurisd~ction thereol ior the appointmMt of a Receiver, such Court shall forihwith appoint a receiver of said mortgaged property all a~d singular, irxlud~ng all and singular the income, profits, iuues and revenves (rom whaftver source derived, each and every of wh~ch, i~ bein9 expressfy undersrood, is heieby mongaged as if speufically set fwth and described in the g~anting and h~bendum ctauses' hereof, and such Receiver shall have all the broad and effective furtct~ons and powers in anywise entrusted by a Cou?t to a Receiver, a~d s. ch appointment shall bz made by such Court as an admitted equity and a matter of a~solute right to said tdORIGAGEf, and withouf roference to the adequacy or inadequacy of the value of fhe property mwtgaged or to the sotvency or insolvency of said MORTGAGOR or the defendants, and Ihat such renrs, p~ofits, income, issues and revenues shall be appl~ed by such Receiver according to the lien or equity of said MORTGAGEE and the practice oF svch Court. B. To dufy, prompt}y and fully p~rform, discha~ge, execute, effect, mmplete, comply with and abide by each and every the stipulations, agreemenri, co~ditions and covenants in sa~d promissory note and fhis mortgage set forth. 9. That in Ihe event the ownership bf the mortgaged premises, w any part thereof, becomes vtsted in s person other than the MORTGAGOR, the h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, desl w~th such successa or successw in interest with ~eference to lhis mo.tgage and the debt hereby secured in the same manner as with Mortgagw without in any veray vitiating p dixharging the Mortgagors' liability herr under or upon the deb~ hereby secured. No sale of the premixs hereby mwt~aged end no fwbearance on the pan of the /AORTGAGEE a its sutcessors o. ass~gns and reo extension oi the time fw the payment of the debt hereby secured given by the MORTGAGEE o¦ its succeuwa or au~gns, stiall operate to rekase, discharge, modify change w affect the original liability of the MORTGAGOR herein, eithe~ in whoie or in part. 10. It is specifically agreed that time is of the essence of tAis contract and that no waiver of any obligat+on hereunder or of 1he obligstion se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of tFx instrument secured herby. I1. In add;tio~ to the forego:ng monthly payments of prin~ pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee v.ith each mo~~thly payrnent an add~~ionat sum estimated by mortgagee to be equal fo a,i 12 af the annva! cost of the follow- in{3: a-au rea! property taxes lev~ed or assessed against the above described real estate. B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on Ihe improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as TOfi9d9CC shal! from time to time deem fif to tarry on the (oan secured hereby. Mortgagee shatl from time to time notify mc~tgagor in writirg af the amount due and payable he?eunder and such surn shall thereupon 1fe tlue and rayabie on the due date of the ~ext month!y payment and each successive month thereaiter urtil mortgagee shall notify mortgagor of ~ thang~:un such a•~;ouM. Such sums sha:l be app!ied by mortgagee toward the payment of real property faxes, insurance prem:ums, and mo~tga~-;~ya~i~pfy•.1/~~~nce premivms. ' •••`,..-'~1'~~ IN WITNESS WHEREOF, the said MORTGAGOR has hereuMO set his hand and seal the day and year first aforesaid. , ''~'~I S:,~ned, Sealed and delivered in the presence of: ~`'r '+t~, - `b~. ~ / f C` ~ ~ f. i•~ f ~ditness: ~ ~ ~ u1' 1 lia H e° `-,.Y,.:a= ~ i ~ ~ !~M~~r ~ ; ?`e~~ : ~ • -~ct-~n ~ ~ti`itness o ~ ~ Q~„~,,,,, Vina ' erce ~~,n ; ~ ~ ~ - E STATE OF~ Tenne S ~ ~ • E COUNTY OF ~ ~ 4 Befue me penonally appeared N~illiam N. Pierce and ~ Vina Pierce h~ W~r~, to me well known and known ro ms to be the i~dividuals described in and who exetuted the- foreqoing instru+nent, and ackrwwledged befwe me that they cxecuted t6e same fw the purposes ~ therein expressed. And the said V ina P 1@ TC @ William H. E wife of tix said Pierce opon a.reqar ari8,ptivate F examination by me taken separate and apart from her said husband, adcnowledged to and before me tFwt she exec~ted said instrurt~dl4Y'ft~y~lnd;rolun- . ~anly and w~thoot any compulsan, cons?raint, apprehens;o(nf or fesr of w from her said Fws . WIIME55 my hand and official xal this ~O day of p~.~y,~' ~ , ! _.1rz, : .•~i-~ i Notary Public in a~d fw he State ~ ~t lsrys My Cort?miuan e~cpires: L,~ ~ ' - - Return To: ~ 9 ~ ~'f`~ • ~ Fint Federsl Savings b Loan Association ~ S ~ , 'y ' . ( i . , fr Oi Fort Plerte. 'F= • . - ? . t .`'1~•','~ • c Fort Pierce, Florida ~ ~1 ' " - ~ . . . • ~e ~ ~ FttEO AND RECORDEO , : , s ft.lUCIE COUMTY fLA. ` ~ fIOCEa POITRAS ~ This Instrument Prepared By Richa rd K. Kayes CLERK C?itC81T C'OURt i First Federal Savings & Loan Association RECOIlOVER~FIED~- ~ of Fort Pierce ~ Florida 4S PN ~'t ~ Checked By~ ~ ~ BOOK~.V1 PAGEl.~~ . ~ f ~ ..Q ~ , r £ F y ~ ~ r 4#' sr ;9 b3'~' ~ei ~