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To plac~ and con~inuously ktep o~ the bu,!dings now or hereaftt~ iituau on sa~d land and o~ atl equiprt~ent ~nd personaily covtred by this mwtq~ ~
~g~, with •11 premium~ the~eon pa~d in full, ifre intursnce ~n th~ usua! s~aidsrd polrcy form. in ~ ~um approved by tM MOR~GAGEE. ~~d wind~tam
i~suruu~ i~ the usual ~undard poi~cy form, in a aum approvsd by tl+~ lY10RTGAGEE, in such tompany w tomp+~iq tM MORiGAGEE may
d~r~uj +nd all tir~ and wlndstorm iosuranc~ policies on •ny of ~a~d build~nys, any iote~~s1 tharsin w paN the~eof, in tM a~prepa~~ wm afoasaid a
in excess IAereof. ihall contain tM uswl itandard matyayar cla~ie w such o~her clauu th~ Mortpay~~~ m+y reqwr~. m+?inp the los~ unde~ s+~d Po~l~ S `
c;es. e+ch •nd everY. WYable ro said MORTGAGEE af its inierett m~y ~ppe+r, ~r~ each end every iuch policy aMll b~ promptly ai~ g~ed and deliver~d ~o
~ny held by ~aid MORiGAGEE as furfher ssturity to ~aid mortqage deb1, and, not less than ten (10) days ln adwnco of iM ~xpir~tion oi each poGq, ro d~- ~
1~•~er to u~d MORTGAGEE a renew~l thereof. topa~t?e~ w~~h a receipt fw the p~amium of such rer+ewal; snd ~hen ahall b~ ~o fi~~ a windt~orm in~~~a~+c~
placed on ~~y of iaid ~urildirps, _~ny interast therei~ or par~ ~hereof, unleu in ths form and with ~M Iou payabl~ a~ afaes~id; +~d in tM eve~+1 sny sum
of mon~y become~ p+Yable unda such pol~cy w po~icias said MORTCs1~GEE shall have the op~~a+ lo nceiv~ and apply tM same o~ ~uouM of ~he indsbt~ ~ i
nets sec~red hereby o~ to permit aaid MORTGAGORS to receiv~ ~nd us~ it o? ~ny pr~~ ~he~eof fw other purpoaes, wi~hout th:reu/ wa~v~ng ot unpair- 1~~ ~
;ng ~ny eqv;ty, lien or right under or by virtue of this morlpage; a~d in tM even~ said MORTGAGORS tMll fw any reason fail fo krep ~he said p~emises so ~
insu.ed, or fail to deliver promplly sny of ~aid policies of insuranC~ to said MORTGAGEE, ot fail promptly to p+y fulty any pran~um thtrsfw q in a~Y -
respect fait to perfam, d7uhargs, ~:ecuts, ~f1ac1, comp~ete, comply with and sbide by this covenant. 01 3r1y ~rt I~f~fOf, said MORTGAGEE msy pt~ce +~d .
pay fw tuch insurance a any part tha.eo~ withov~ w+H"^9 a? aifectiny any opt~on, lien, cqu~ty, a right under w by vi.tw of thl~ Matgays, end ths
f~fl amount of each end every such payn+ent shall be immediately due and payable and ihalt bear intereit (rom ths date thereof vntil paid al ths rat~ ol
nme pr centum per annum and together with such interest shall tx secured by Ihe lien o( this mortgage.
io permit, commit or suffer no waito, impairmen~ w deterioration oF said property a~nY psN thereof.
S. To p+y ~11 and tingulu tM coite, cMr~ and expenses, induding a rcasonabte ano~ney's tee a~d coits of ~bstrads ot titl~, incurr~d w p+id +t
any time by said MOR1GAGfE, because u in 11+~ ~v~nt o( Ihs fa~ture on ~he p+~~ o~ ~sid MORTGAGOR to duly, prompNY and f~lly perfwm, dixherqa
execute. eftet~, comp~ete, comply with and ab~de by each and eve?y the atipul+nor~s, ag~een+ents, condition~, and covenan:~ o( sa~d promisso~y note and ~hia
morrgage any or eithe~. and sa~d cosn. cM?ges and expe~us, each and every. shall be immed7ately dus and payabls: whether or not thcre be no+ice dr
rnand, anempt to collect or suit pend~og: end ~he fvll amouM of each and every such paymem shall bea? in*e~est from ~he date thereof uMil p~id ~1 th~
rare ef nino per caotum per annum; anc! all sa+d costs, charges and rxpe~eses ~ncu~red w paid, logetl~er w~th such intereal, thall be setured by the lien of this
mortgage.
6, That (a) i~ the event of a~y breach of this Mwtgape w defautt on the part of the MORTGAGOR, a(b) i~ the event eny of u~d wms of money
herein referred to be not promptly and fully paid wi~hin thiny (30) days next sfte? ~Fx same uveralty become due and payable, wi~hout demand o~ norice.
or (c) in the event each and every the stiputations, sgreements,' conditions snd covenants of sa;d promisaory note and th:s mortgage ~ny or lither +r~ nol
i,,~y, p~ompdy and fully perfa~ned, d~scharged, execu~ed, effecred, completed. compGed wifh and ab~ded by, then in eilhe+ w a~Y such eveM the ssid a¢
gregate sum mentionrd in said p~umiuory note then remaini~g unpaid, with intere:t accrued, and all moneys secured hereby, shall become dw and pay-
ab:e for?hwith, or thereaf~er, at ti~e oprion oi said MORiGAGfE, es fulty and completely as if all of the sa~d sums of mooey we~e o~igin+lly sttpulated i
to br pa~d on such day, anything in sa:d promiasay note or in th~s Mortgage ~o the cavrary notwithsta~ding; and thereupon or lhereafter at the option of f
s~:d MORTGAGEE, wnhout ootice or demand, suit af law ar in eqwty, therefo~e or ther~aher begun, may be prosecuted as if sll moneys satured he~eby ~
ncd matured pr~or to its inttitution. ~
7. That in the event that at the beg~nn~r._, of w at any rime pendl~~g any su~t upon this Mortgage, w to foreclose it, w to refwm if, or to enfo~ce ~
p~yment of eny claims he~eunder, said MORTGAG~t sho~t apply to ihe Co~rt ha+i~ig ~urisd;ction thereof iw ihe appo~ntment of a Receiver, such Cou~t shail •
ior~hwith appoinl a receirer of said mortgayed propc~ty all and singu:a?, includ~ng ali a~d s~ngvtar the income, p~oiits, issues and revenues fran whateve? i
s~vrce de~ived, each and every of whlch, i~ be~ng cxpressly undentood, is krr~by mor~gaged as if spKifiulty set fwth and desuibed in the y~a~~~~y and
habendum clauses hereof, and such Receiver shatt have ail the broad and efiecrive funchons and powers in anywise entrvsted by a Court to a Receiver, and
s. ch appointment shall be made by such Court as an admitted equ~ty and a matte~ of atsolvte right to taid MORTGAGEE, ~nd without referente to 1he j
adequacy or i~adequacy of the value of the proprrty mertgaged or to the savency o* ~nsolvency of said MORTGAGOR ot 1he defendants, and that such ~
ren+s, profits, income, issues and reven~es shal~ be applied by such Receive~ according to the lien or ~quity of uid MORTGAGEE and the prxtice of such
Court. •
8. To duty, promptty and ful~y perform, d~scharge, e,cecute, effecr, complete. comp!y with s~d abide by each and every the stipulatior?s, ag~eements,
;cnditiona and covenants ~n said promiuory note and th~s mortgaga set fwth.
9. That in the event the ownership of the mortgaged premises, or any part thereol, becomes vested in a penon other fhsn the MORTGAGOR, the
:'.ORTGAGEE, its successwa and ass~gns, may, withou~ not;ce to the MORTG~OR, deal w~th such successa w successor in interest with reference to this
~~•o~~gage and the debt hereby secured i~ the same manner as w~th Mortgaga w~tFwut i~ any way viliating or d~xharging the Mortgagori liability herr
der or upon the debf hereby secured. No sale of tF~e prem~ses hereby rnortgaged and no forbearonce on the part of the MORIGAGEE w its succe:sars
or a:signs snd no extension oi the time fw the paymrnt of the debt hereby sec~red g~ven by the MORiGAGEE Or in tucteswn ot assiyns. sh+~~ ope~+te
ro release, discharfle, modify change or affect :he original liau~t~ty of the M~RiGAGOR t~e~ein, either in whole p in patt.
10. It is speuficaily agreed that time is of the esserxe of ~h~s contrect and that oo waiver of any obligation hereunder or of the oblip~tion sr
c~red hereby shall at any time thereafter be hefd to be s waiver of the terrtu hereof o~ of the instrument secured herby.
11. In add:tion to rhe foregang month!y paYments of p~~nc pal and inrerest requ~red by the prom~ssory note secured ixrrby, mwtgagor tovenaMs
a~•d agrees to pay to mortgagee w~ti~ each mo~thly payrnent an add~~~onal sum esnneated by mo~tgagee to be equal to 1 J 12 of the annual tost of the fdlow-
~;;3:
A-AU real property taxes lev~ad or asscssed agai~st the abeve dew~bed real estate_
B-Prem~u~ns on iire ar.d windstorm insvrarce as ne~ei~ req~;red to be carnod on the improveme~ts sitvate o~ the above desaibed premises. ~
' C-Premiums on such mortgage gumanty ir.svrar,ce as mortgagee shall from t~me to time dcem fit to carry• on the ban secured hereby.
j Mortgagee shail from time to time wot~fy mortgagor m writ:ng of the am~unt due and payabte hereundt? aod suth sum shall thereupon be due and ;
~ :.~~ab!e o~ the due date oi the next month?y payment and each successive moneh thereafter untii mortgagee sha4! noti(y mortgagor of a char?ge in such
t a• ount. Such sums shall tae applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mwtgage guaranty inwrance f
~ ;•~nmiumS. -
~ IN YJITNESS WHER F, the said MORTGAGOR has hereu~fo set his hand and seal the day and year first aforesaid.
igned, Se and er in the presence of: ~ - •
~_~?~2 ~ i/J~t
_ T~
till n F Pi re s~aq
aq
Irene J ierce rs~,q
STATE OF FIORIDA ~
Palm Beach ~
; our~TY of ~
Allen F. Pierce .~a
Before me personally appeared
Irene J P~erep his wile, to me weil known and known to me fo bs
r~,e individuais desuited in and who executed the foregoing instrument, and acknowfedged beforo me that they executed the same fw the pwposes
!herein ~x~.~u~d. a,a rhe ~~d Irene J Pieree
.:;fe of the said AL1P~ R P1~YG~_ - upon s sep~rate sed pr'rv~tt
c•am~nation by me takert separate and apart from her said husband, acknowledged to and before me that she executed ss~d instrumcnl freely ~nd volurr
~~~~iy and w~thout any compulsion, constraint, apprehension, or fear of or from her said husband.
WITNESS my hand snd offic;al seal th~s_ day of Au t A. D. ,19~ s
..u~~~u~~r~~~'
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o ~
Notsry Public in and fot tFx Sbts_ dt4 ~,iR
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~ ~ My Comm~saion expires: i ~
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First Federal Savings 8 loan Assoceat~on ~'r r~, c,,;,~:~ F.~
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3:1977C o:~ o~
Of Fort P~erce. tJ itS~U.G:'.;?~l I:.GtJ~2,~,~1CE q1~f~WJt~ _
fo~t Pierce, Florida ~ I ~1 _ ' , : ~ ~ 4'
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This Instrument Prepared By J. H. RobeYts ;,;,tt~~Y FtA. ~j+~
...:RS
First Federa) Savings 8 Loan Association aC:i ~
of Fort Pierce~ Florid.a 33450 ~LEkr• ~ ~L.~~ '~~~tiRT ~
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Checked By~ *~G ~t~ 3 53 ~H
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s~ . ' gooK2~30 PA~248? ~ ~
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