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Home My WebLink About2667 To pl~a and comin~ov~ly ~Hp on tM bu~:d~r+ps r+ow a he?~aita w~vab on u~d Iu~d ~nd on ~II pvip*~t ~r+d pMw~ally cov~r~d by tAi~ mw p~, with ~11 pr~mi,~ms ~haeon pa;d in fuli, f'u~ ir~~uranc~ in ~M uwai ~~udwd potin fo~m, in • ~wn ~pprowd by Nw MORtGJ?GE'., ~nd w~~ro ~niw~nc~ In tM uswl sundard poi,ty fan~, in a ium ~pp~ov~d by ~M MORTGAGEE, in wcl~ con+panY w caepao~ a?he INORTGAGEE n~ d'w~ctj and ~11 iir~ and w~nduan~ inwranp poiic»~ on any oi said b~ild~~pt„ ~ny in?N„t tMr~in a pat ~F?Kwi, in tl+~ pqrp~t~ sw~ aforesa+d ~n ~xce~a ~Mrwf, ~Aati conqin ~1r u~wl atsnda.d morr~ape~ cliu~ o~ suth othN clws~ as iM Mort~~N m~y ~p~u~. ma?i~p tFV Iw~ undK u~d po c'ws. ~ach and ~wry. pavabl~ ro said MORTGAGEE a ib in~Nht maY app~w. ~nd ~ach ~nd ~w.y s~ch poi~cy ~MII b~ prompt~y ~ss.9n~d and detivK~d + ~ny MW by said 1NORTGAGEE funh~r secwiry ~o said mw~yap~ debt, ~nd. e~ot tfs~ ~h~n tM (10) day~ in advanc~ oi th~ ~xpir~~ion of ~ach polky. ro d~ I~vN ro uid MORTGAGEE • r~ewal tFwr~ol, ~oy~~lw wiih •~KNpI fOt th~ pr~miwn of wch r~n~w~l; and eM.~ sMll b~ no ftr~ or wind~~am inwr~oc placad on any of aid b~ildirgs. My 1f11Nftt tIf!*N~I W p~r1 tFw~of, unlesi in ~A~ iwm and wi~h tM loss payabh as •fa~iaid: ~nd in ~Iw ~v~nt any ~un "a~uY b~tahtf P+Y~~ P~KY a+ Po~K~ s+~d IMORTGAGEE shall haw th~ optan ~o nceive and ~pply tM s~m~ on ~tco~~~ of 1M indebted neu ietured htr~by a to permit said MpRTGAGORS to ~eceiw and us~ it p any pa~l ~hereof fo~ otFcr purpose~, wi~hout thrrfb~ waivi~x~ o~ ~mpair iny +nY pu~ty, li~n w ryh~ v~de~ or by v'utve of this mortyaqr, ind in th~ ~vee?t said MORTGAGpRS shall la any rtisoo iail M ke~p tM s+id p~emises w insured, or fiil b d~liva~ promptly ~ny of uid policies of iniwant~ 1o said MORTGAGEE, w fail promptly to pay futly ~ny premiv~n the~efor a in any rsspect fail to perfam, dscharg~, ~xecuq, ~ft~ct, complete, comply with and ab~de by thia covensnt, a ~ny pa~t herwf, said MORTGAGEF inay place and paY for wcl~ imurann a~ny part th~reof wit)wut waivinp p aff~ctin~ ~nY option, I:an, puity. w righ~ under a by virtw of ~his Mortg~ye, ~nd the full amount of ~ach and evNy :uch p~yment sh~tl be immediate!y dw a~d pryable ~~d sh~ll bear interest from tM dat~ thereof until paid at the ~at~ oi nine per centum per ~nnum and togcther with such i~terest shall be tecured by tht li~+~ of this ~wtpape. I. To permit, oommit or suffar no wute &npaermeM p der~r;wat~on of said properry o? any pan theraof. S. To pay ip snd sinaulu tha cwn, charyes ~nd expemes, including a ~e~son~bk anwney's fee s~+d costs of ~bstr~cts ot title, incurred w p+id ~t a~y time by said MORTGAGEE, because or in the went of the fsilure on tFro pah of,the said MORTGAGOR w duly, promptty snd fully'periorm. diuharge execute, efiect, complets, comply with and ab:de by each and every the stipulstions, sgreements, cond;tions, ~nd toveeanq oi said promissory note and tha mortg~gs any a a~he~, and said coits, chuges ~nd eapensas, exh ~nd wcry, tMll be imm~diately due and paysble; whether or not thera bs notice dr mand, attempt to collect or wit pending: snd the f~li amoum of each and rvery wch payrne~t ~all bear IntNMf irom the date tMreof until p~id ~t the rate of nine per ctntum per annum; and all said costs, charges ~nd expenses incvrred w paid, together w~th suth iMeresl, ~l~SII bs setured by the lien of thii mOrl9spa 6. That (a) in the event of ~ny breach of this Mwtgsgs or default on the part of the MORTGAGOR, or (b) in the tve~t a~y of ssit! swns of na~ey herein ~efe~red to be not promptly and fully paid within thirtY (30) days next after the same severally betarK due and payabk. without demsnd p ootice, or in the event each and every the itipulations, agreement:, conditio~s and cove~ants of said promiuwy r?ete and thw mortpa~e any w eitAer ua nW i~ty, promptly ~~d f~ily performed, dixharged, executed, ef{ected, completed, compl;ed wi~h and abided by, then ie eitFror or ~ny such event the said a~ gregate wm mentbned i~ said promissory note tixn remaining unpaid, with iroeresl acuued, ai+d all mooeys setured hereby, sha11 becwne due snd p~y- aole fathwith, or thereafter, at the option of said MORTGAGEE, as fvlty and complNely as if ell of the said sums ot mo~ey were aiginally atiputated ~o tx paid on such day, anything in sald promissory ~ote o? in this Mortgage to the contrary notwithstanding; and thefeupon p thereafter at the option of said MORTGAGEE, without notice o? demand, svit at law or in equity, therefore p tlxreafter begvn, may be proxcuted u if ~It mw~eys secured hereby nad marurcd pnor ro in insrirurion. ~ 7. ihal in ths event that at the beginnirg of or at any time perxling any suit upon this Mortgage, or to fMKIOSQ I1~ or to reform it, q to enfwce payment of any daims hereunder, said MORTGAGEE shall appty to the Coun having jurisdiction thereof fw the appointment of • RKeive?, such Cou?1 shaR Forthwith appoiM a receiver of said mortgaged property all and singular, includmg all and singular the incoms, p?ofits, iuues and revenvea from whatever source derived, each and every of which, it being expretsly understood, is hereby mw~gaged ss if specifitally set fath ~nd deWibed in the granting and habendum clauses hersof, and such Receiver shall have aIl the Fxoad and effective funcrions and powers in anyvrise enrrusted by a Covrt to a Receive~, and such appointment shall be made by such Court as an admitted equity and a matte~ of absolute right to said MORiGAGEE, ~+d withouf reference to the adeq~scy w insdequacy of the value of the property mortgaged or to the sotverxy or insolvency of said MORTGAGOR p the defendan», a~d that such renn, profits, income, iu~es and revmue: shall be applied by such Receiver atcwdiny to the lien or equity of said MORTGAGEE a~d the practice of wch Courf. • - , 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and eve?y the stipulatio~s, agreements, conditiom and covcnants in said promissory ~ote and this mwtgage set forrh_ . 9. lhaf in the evertt the owneaship of the mwtgaged prem;ses, a any part thereof, becomes vested in s penon othe~ than the MORTGAGpR, the MORTGAGEE, its successors a~d assigrts, may, without notice to fhe MORTGAOR, deal with such succeuor a successor in interest with reference to this rnwlgsge and the debt hereby setured in the same man~er as with Mortgagor witho~? in any way vitiating w dischargirg the Mwtgagors' liabilety he?a under or upon the debt hereby secured. No wle of the premises hereby mortgaged and no focbearance on the part of 1he MORiGAGEE w its successon or assig~s and no extension of the time fw the paymem of the debt heroby secured given by the MORTGAGEE or its successas w assigns, shalt operate to release, dixharge modify change or affect the wiginal liabil;ty of the MORTGAGOR herei~, Either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any oblgation hereunder or of tM oblipation st cured htreby shall at any time thereaher be held to be a waiver of the terms hereof w of the instrumeM secured herby. _ 11. In add~tion to the fwego:ng monthly payments of princ'pal and interest required by the promissory nore secured t?er~}+}I#kj~pr opvjp~nfs and agrees to pay to mortgagee with eatfi monibly paymenf an addirional sum estimated by mortgagee to be equai to 1/12 of tbe aqAuat'~t p~ o~¢w- ing: ~ • - • ;s;~. . ..Y ~!'P; ~R" A-All real property taxes levied or assessed agai~st the above deuribed real estate. :'r~C-~:= C_• ~ • • • :'f. B-Premiums on fire and windstwm insurance as f?erein requ~red to be carried oa the impravemenfs sitvate on the abevrdfiel~!~~'``'''/~~(~~~'~r Y [f C-Prerr~iums on such mo~tgage guaranty insurance ns mortgagee shall from time to time deem fit to csrry on the IqS~t~~~q,~i}breby...~;,3.~•~. Mwtgagee shall from time to time notify mwtgagor in writing of the amouM due and psyabk he?eunder and sut1~ ~yrtlti~aH t Fayable on the due date e~ the next month! ~ 9W~~~ y payment and each successive month thereafter urtit mwtgagee shatl notiiy p? ~ amount. Such sums shall be a lied b mort • ° pp y gsgee toward the paymeni of real property taxes, irtsursixe prem,ums, and'njotqpl; aiKe premiums. 'i-~ y'~:....••~ IN WITNESS WHEREOf, the said MORTGAGOR has hereunto xf his hand and seal ihe da and ' Y Y r fint eforesaid. ~ R j Signed, Sealed and delivered in rha p,~~ of: PE CONST :O~J INC. . ~ ftlEO ?K;~ r~zC0~0Ea ~ n ST.~tiCli v3!iNTY Ft~, e l, President ~ aQ RO:=r ~ :•~:R45 ATTEST: . C1f~[ ~:s~;~>>D ~OU~~o~ phi2i earl Secretar - n. p~"r,RI'~ t=_' 'F?f. \ - - - 2reasurer ~ _ _ _ - - - STATE OF FLORIDA COUNTY OF ST. LUGE ~~~~~pa7~J~ I HEREBY CERTIFY, That on this 1 st day of ~y , A.D. 19 72 , before me personally appeared Garv L. Pearl and Philip Pearl respectively as President and Seuetary - Treasurer , of Pearl Construction Co.. Inc s Florida Corporation, to me ~ , known to be the persons described in and who executed the foregoing ir~st~r~~~~~d seyerally acknowledged the exe- cution thereof to their free ad and deed as such officers for the uses SDa1fF~~!~'~4~eM~?e~in mentioned; and that they affixed thereto the official seaf of said corporation, and the said a~ii .~i?tis the ~~d deed of seid corporation. WITNESS m hand and official seal at Fort Pierce r'~ ' ' ~ Y. ~ said nt~~i~d state. This instruQent prepared by r~'• John W. Collins ~ Notary Pti~ epd•fbF State and C nty aforesaid. First Federal Savings and Loan My Commf4rr,i~~Expin~; Association of Fort Pierce, Rlorida ~~~~~~~~~~~~~~6E MY COMYISSIOM EXPIRES SEPi. 25. 1975 Bo~ed B~r American Bsnkers Insunnp Co. Checked By . ~$0!( ~ ~ ~ _ -s-~ ~ ~ ` . . - ~ -:~+v_