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Home My WebLink About1628 3. To p'ace and continuous~y 4erp on !he 6u~ d~::9s ~ww o~ hereaiter ~~tuate on sa:d tand and cn ~rq.~~~::~,rnt aa~d perw~,.~;ly co•.r~rd by th~s mo~ eg2, w.lh al) prcn;avre-~S 11ie~COn ~.~d ~n ~uii, {itC u'.SUId'Kt m ih! uSVJj St,~nde:(~ NO:iCy {Orm, in d S..•» e~~JrO.r(1 b/ thr ~V~JR~~•-=~v.f, u~`C~ vc~'~<15Io ,~+suroncr in tht usual standard poi.ty tona, in a Swn or{~rovrd by the A10R)GAGEE, in su:h co~rpa~~y or co~n~ an,ts ~s th~ 1.1O2TtiAGiE m durct; and ali fue a~.d w,ndstorm ins~rance po~~c~~~s on any o) sa~d b~~~drngs, any ~ntrr~st tfierein ~r E:a•1 th~~reof, in the aggr~ya~e su~~~ atorzsa~d In eicess ~hereoi, shall cunr,,m ~he us~.:! ua~~dard mo:i~~gte ciause or such othrr c:ause as the Mo~tyagre m~y rrq~.re, n•.+M~ng ~r.~ .oss und<< s~,d po c~es, each and eve.y, p~~.~~'r ro sa~d A~JRiGAGEE as ais uit~rest may appear, and each a~d e~cry s~ch Fo:c~ sh,~l be p~o~,•N~,y ~sig~~~d o~~d de•~v.c~rd any h~t~ by sa~d 1,+.OR1"AGcE as iurrhrr s<curiey to sa~d n:or~ga3e debt, and. no~ less ~han ten ~101 da~s in ,d.~~~:e of thr e.~:~r„t,~n ot each poi~cy~, to d~ 1,~er ro se~d .11JRTGAGEE a rer.~aoi ih~reof, toge~hr~ w~~h a rece~pt for the pre~n~um of svch re~~r.~ai; a::d ~here sh,:t tz~ no f,re o~ ,v:~;.fsrc~~n i:~•suranc p?~ced on any of sa:d b~+!d.•~~s, any ~r.tcrest there~n or pa~~ thercof, un'ess in ihe (or~n a~~d wnh the ~oss pa~~'o!e as afc~eia~d; and in the e.ent any su~ of monPy beco:nes p~yab~e ~nder s~.h poiity o~ po!.cirs s3:d h!ORTGAGEE sh~ll have the oNt~on lo rrc•_~vc .~~~J ap~:y tn: sau~e on a:co~nt of the ~~~drbtrd ~ess sec~rrd hereby or to perm;t sa~d ~dORTvAGORS to rec~~.e and use it a any part ih:•:~~04 ior o:~~ r ~,;,r; ;e~s f~ ,...c ~h,• .r p_~ inq any eq~~ry, I;rn or r~ght undcr o~ by v~rtue of this mcr~gagr; and in the event sa d A1pr~TGAGORS sha!f ior any re~son fa~l to k~~~p rhe sa d pre~n~s~s so nsur~~d, or ia~i ro delivcr pro~nF,~;y any ot sa~d ~wl,ci~•s of inswance ~o sa:d MORiGAGEE, or f,,r: `rc~T:pr:~ ro F:ay iu::y any pr~ ,•~„•n th~re+or o~ a~y respecl iail ~o perform, d~sch„rge, eaec~te, efiect: con~pleta, co~nply with and ab~de by this wvanent, or any }~.+rl f~~reof, s.+id N.t.~RiGAGTE may piace a o p.~y for wch inwrnnce or a~y part thr~~of wrthout waiving or affeUing any option, lien, equ~ty, or nghf undar or by vun,e of th~s h".o~eyage, and ihc t~Il amo~nt of each and e.ery wch payrnant sha{1 bc ~mmed~ately due and payab~e anJ shall brar int~rrst f~om ths dotr th~~reof un:il pa~d at the rate ol ~~~:~e prr centum pet annu:n ~nd to~,th,:: ~ri7h suth ~nte:est sh~~~ :u sec~red by the li2n O~ th~i mortgage. 4. To permil, commif ot su((e~ no wastr, impairment o~ deterioration of said property or any part thcreof. 5. To pay all and s~ngular the costs, charges and expenses, inciud~nq a reasonable attorney's fer and ccsfs of abstraas of tide, incurred or paid at any tin c by sa~d MORIGAG~E, beca~se or in the evrrif of the fa~wre on the part of the soid b10RiGAGOR to du,y, pro•,~prty and fu~ly pcriorm, d~xhirge _.:cut~, effect, templrle, co~npiy v~~th and a6 de by each and every ~he sripvlat~ons, ag~ea~nents, cond;f~o~~s, and co~enants ot sa~d pro:~3~ssory note a~:d th~s .,orrga~e any or e~iher, a~~d sa.d cosn, charges and expensas, each and every, sfiall be immrd~ately due and payab,e; wheth~~r w nut rhere tx nonce dr r,:,~~d, attempt to cotlect o~ suit pend.ng; and ~he ful: amount of each and every wch paymen~ shail bea. interes! from ~fie date ~hereof until paid at the o~ n~~~e per con:um N~~r .,n~,;; .::~d ..u sa~d cos+s, cha:ges and C%:J@(1SC'S ~ncwred or pa~d, ~ogeihar wah wch ~nte:ast, shail be sec~red by the I~en oi th~s mor~gage. 6. That (a) in fhr event of any brrach of th~s Merrg~ge or defauh on the part of the 1dORTGAGOR, or ;b) fn the event any of sa'd sums of money Fe.e~n referred to be ~:o+ ~rc~~~p~ty and fuliy pa~d ~nnh~r, tn,rty (3J1 days next a~re~ ~he aa=ne se.-era:iy beco~~ic due and payab!e, wiihout de~»and or no~~ce. ~r ~c; in the event each and every the snpu:at~ons, agreemen~s, cond~`~ons and covenants of sad pronussory note and th~s mo~tgage any or e~ther are not i~:y, prompfly and fui~y performed, d scF.arg_d, rxecured, eifected, completed, comp:,ed with and ab~drd Sy, then ~n e,ther or any such event the sa~d ag- ~•eg3te sum mentroned ~n sa:d pro~~ussory ncte then rema~ning unpa~d, with iroere,t accrued, and a~! mone,s sec~~ed hereby, shall become due and pay- n:; forthw~th, or therea4rer, at the op!ion of s.~~d A10RTGAGEE, as fully and comp!etely as ii a~i of thr s~~d s.,n~s of money vaere or:g~na~ly st:pu!a!ed to bc pa.d on svth d,:y, anything in s.~ d pro:r~ssory note or in this A~ortgage to the tonrrary r.chvnhs~,~,d:ny; and th~•reupon or thireafter at the opt,on of s~ ~ 1NORTGAGEE, wrthe~t nonce or demand, suit at law or in equ~ty, therefore or thercaiier te:gun, may be prosecuted as if a11 moneys sec~red hereby c.:d n,ai~red pner ro~ti 1nst~tvz~o~. 7_ That in the event thaf at the beg~nn[ng of or ar any time pending any su~t upon ~h~s Mo~tgage, or to foreclose it, or to reform it, or to enforce ; a?ment of any ca~*ns he•eundrr, said MORTGAvEE sha;l app!y to tlw Cou.t hav;ng ~unsd.ct~on therro: fOr the appo~nt~nent of a R,ce~ver, such Gourt sh~lt r:.•~hwith appoint a rc.e~~er of s3id mortgaged property all and sin9uiar, indud.ng a~i and s~~~r,u ar t!~e ireco~ne, p~ol~ts, issues and revenues fro,n ah~te+er sc.;•ce d~ri.ed, e~ch a~d everv of ~vh.ch, ~t tv:,r.g express'y understood. is her.=b7 mert~a~_~d as if s,ec+licaE:y set forth and descr~bed in ihe granting a~~•d t~ ,::endum uausas her_of, ar.d such Recei~er sha:S have a11 the broad and eff~tive funtt c.~s o~~d po.vers in a~yw~se entrusted by a Cou~t to a Recriver, a•.d s;h apNoint~nent shalt be n~ade by svch Court as an ad•nitted eq~ity and a matte~ of absu:ute r,ght to sa:d MORTGAGEE, a~d withovt ~eference to the ..:i~•q~;,cy or inadeq~acy ot the val~e of thr property mertgaged or 1o the so.ven~y or ~nsc.rcnty of sa~d MORiGAGOR Or ihe defendan!s, and that s~ch r••-~+s, prof~ts, incc.r.e, iss~es and revenurs shait be appi~ed 6y such Rete~vei a:corci:ng to the i~en or eq~+ty of sa~d MORiGAGEE and the pracfice of such Court. 6. To du'y, prompt!y and ful•y perfwm, d~scharge, execute, effect, comQ(ete, compfy v.;th and ab~de by each and every the stipu~ations, agreemems, :.>edit~ons and covcnants m sa~d prom~ssory noce and tns mortgage set forth. 9. That in the event the owr.e~sh~p oi the mortgaged prem~ses, or any part thereof, becomes vested in a perSOn other than the MORTGAGOR, tfie RTGAGEE, its successers a• d ass~gns, may, w~thout notice to the 1dORTGFOR, deal w~th such Successot or s~ccessor in mterrs! with reference to this ~ rrgage ar:d the deo~ hereby se:ured in the dame manner as with Mo!tgago~ wrthout in any way vit.ating or d~scharg~ng the Morfyagors' tiabifity here~ der or vpon the arbr hare~~~ sccv~~d. N~ sa'e of tf:e Fre~:ises hereby mortgaged ar.d no forb>arance on the part oi the ?:10R7GAGEE or its s~ccessors ~ r assi3ns and no eater.sion of the t~me tor the payment of the debt hereby sec~red g~ven by the h10RTGAGEE or its successors or ass:gns, a~iall operote to retease, d~scharge, mod~}y char~ge or affev the o:ig~nal iiau:~,ty of the MORiGAGOR he~ein, either in whoie or in part. 10. It is spec+fica~.y agreed that ti~ne is of the essen~e of this co~tract and that no waive• of any ob:igat;on hereunder or of the obligation sr c~-ed hereby sha:s at anf tnne ~herratte~ be he".d to be a wa~ver of the terms hereof or of the instrurnent secured he~by_ 11. In ~:i~~ ~!o.~ to rh~ iarego ~ig ,r•wth'~ pay~n:ms ot pnnc pal and in!erest requ~red by the NIOm SSC~y no~c s~~,ured her_•b/, mo:ty3yor eovenants ~ ag+_es to pay to ~••o~tg-+g~•e ,.~th each onth'y ~,3l~ ~r.t an add. i~nal sum est i ated b~ n;orty~9ee to be equai to 1 12 of !::e annual cost of the fo~iow- A-~II .ea! p.opc:ty taxas le:i_~ or assess_:i ag3i•,sr the above desai~c~ rcal esrate. 6 Fr,~:,, ~ ns on fue and vvi:~ds?e•~~: ~nsu~ar•.'.e a~ ner~~~n requ;red to be car~led en the !mrrov~me~ts s;tuate on th~ above d_sc~~bed prem~ses. C-Pre:n,u~~s en wch^r.r.tg~Qe g~a~anTy ~rsurance as mortgagee sha~l fre~r time to t~,ne d~em fit to carry on the loan secu:ed hereby. Idongagee s^a'1 '•~m u•::e ro ~~~ne nor~fy ~T•orrya~or in wrihn~ of the a•-;ou~t d~e and payable he~eu:edar and such w~~ sha:l thercupon be due and ~.=6'e on th~ d.:e c.,~e oi rha n•~.r ~~-,o~th.; pay^~~~:t and e~ch successive mor~~h thr:eafi;r v~:tit mcrtgagee shal! nor,fy mo.t~auor ot a change in sucfi :unt. $uch su ns s~ j i ie a;:~~• ~rd uy rnortya~-_r toa+,a•d the payment of real property taxes, ins~rance prerr..ums, a:~d mo:ig~ge g~aranty insurance .~•r~~iums. I IN '~JITPJ[~S ::N;R~OF, the sa~d MORiGAGCR has hereu~to set his har,d and seef the day and year f1r t atoresaid. ~ Si ned, Sealed a~d delivered in the reserce of: ~ PE~ G~S~ ~x'~ C~• ~ ~NC . 9 P FILE"v kh`, t~LS~(iJE~ I i ST.IUCIt c.~U!~TT FIA. 4 BY d~~E.C•~c1 L~ f RO~r.: ~~lt'RAS ~ ' (Seal) E µ CIE~!. c_.,? CcURT~ Szd~Y ~-rPearl, President ~~si~ _~=1~ _ qcrr: v_' :r, ~ (Seal) f - - - ~J 7 ATTEST ~ - - - - - ~I Z~.__ `_~S PH ~IZ _ Philip Pe 1, Secretar - re salurex ~ - - ~ STATE OF FIORIDA 231885 ~OUNTY OF ST. IUCIE ~ ~ I HEREBY CERTIFY, That on th~s day of___ Jtuie , A.D. 1972 , ~ before me personally appeared _Gar~L. Pearl a~ Phili~ Pearl ~ r~spectively as _ Presidenf and _ _ Secrefa~y - Treasurer ~ PEARL CQVSTR iJCTION CO. , INC. Flor ida - of ~ - a-- Corporation, to me k~o~~vn to be the persons described in and who executed the foregoing instrument, and severallr acknowledged fhe e~ce- ~ cution thereof to be their free act and deed as such officers for the uses and. pursoses therein mentioned; anc~ that fhey ; affixed thereto the official seat of said corporation, and the said instrurrv_~nt is the act and deed of said torporafion. ~ St . Luc ie _ WITNE55 my hand and officiat seal at Fort Pierce _ , said coun and state. ~ ~:s instrument prepared by John k'. Collins ~ = ~ st Federal Savings and Loan Associatian ~ i: ort Pierce~ Florida,. otar ublic, in a for Sta and unty aforesaid. ~ ` j My C mmission Expires• ~:;2Y ^ ~ ,-r n { ~ ~DA at [ARGE ~ I.;Y CC''~ ::i=;~`~'~ ~c ~ ~a,,J~d T~ru (i~ne a~ 23. 197i y ~••~c• unoe,~nt..s. ~ Checked By _ ~ ~ B~~ ~ ~ ~ . _ _ ~ , ~ 3 . ~~n ."s~ ~„`.y.~„t~- ~ " ~ ~ - 1 .A ~ t_..= . _ ,