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Home My WebLink About2947 3. To place and cont~nuovsiy keep on t4ie bui!~iin~s now ar htreaft~~r ~~tuate on satd i~ind and on a11 equi{~~nent and perionatly covrred by ihis morlg- ega, w~ih all premiums thereon pa d'ui (ul~, firc insura~xc fn thc uswl srandarJ po!icy torm, in a eum a{:proved by the h10R(GAGEi, and wind~lorm insvronce in thn usual s~anJard Fw~ ~y (oim, in a aum approved by iha NORTGAGEE, in such tom~any or compa~ies as Ihe MORTGAGEE m~y diretl; and a1) lirt and ~vindstumt in~~cs«ce po!itics on-any e( sa~d 6uild•Rgs, any int~rest the~cin ur parl th:reof, in the aggtegate sum afat~sa+d or in exce~s thereof, st~all contain the usual standard mortga9ez clause or sucti other tlauso as the Mortgayeo r.~ay requ~re, maAing the loss ~nder s~id poli- cies, eech and every, payab'w to sa~i h\ORTGAGEE as ~ts in~~rest may appeer, and each and every such policy shall be promp?ty ass.yned a~zd detivered to any held by said MORIGAGEE as (unher security to sa~d mort9age debt, anJ, no~ les~ Ihan lan (10) days in aJvante o( ihe ~xpiration o( each polfcy, to de- liver to eaid A10RIGAGfE a renewal Ihcreof, together w~•h a rcteipt for the prcrnium o( such renewa~; and there ahall be no iire or wincl:lorm insvrante plated o~ any o( sa~d builJ~ngs, any iotercot thcre~n or part thercol, unicss in the fonn a~~d with ~fie foss ~ayabte as aioresaid; and in ~he event any sum R of money becomes paya6!e under such policy or pofcies s.~iJ MQ^.TGAGEE ~hall have the oplion to rec~ive and apply the same on account o( tho indebted- oess secvrrcf hereby or ro permlt sa~d h10RiGAGURS to receiva and use it or any E~.~~~ tha;~•.7f lor o;i~er purposes, wi~hout Ih~r~ u~ .vaiv~,i~ or imp~ir• ing any equ~ty, lien or ri~ht under or by vi~lve of ihis mo::gac~e; and in the event sa~d h10RTGAGORS shall {or any ~eason fai! to keep the said premises so insured, or fail to deliver pro~nptly any of saiJ pol;cies of inswance to said 1.10RiGAGEE, or fa~l promptly lo ~~ay tutly any pre~~~wm the~efor or in' any respect (ail to per4ocm, d~schat9e, execwe, etled, complet~. tompty wi~h and abldr by this covenan~, or any parl hareof, said MORTGAGEE n~ay place and pay for such insurance or any pa~t ~hereof without waiving or a(fecting any opt~on, lien, equ~ry, or right unclar or 6y virlue of this Mertgage, and Ihe ! (uli amou~t oi each anJ every suth p~ymenl shall be immed~atety dve and payable and shal! bea~ iroeres~ irom tha dato thereof ~mil paid at the rote ol l nine ~er centum pet annum ar.J tagcther ~~ith such inter~st shili be sewred by th•. i~en of this +no~?gage. A. To permir, commit or au[fer no waste, impairment or detarioration oi sa~d propecty or any part the~eof. 5. To pay a~l and singular Ihe costs, charc~es af+d expenses, including a reasonab!e atrorney'~ fee and costs of absVada of title, iocurred or paid at tny time by said A,10RIL~AG:E, betausc or in the event of th^ failuro on the part o( the said h10RIGAGOR to duly, promptly and fully perform, d~scharge.~ ~ execute, e((eU, complete, coaiply wdt~ a~~d ab:ciz by each and every the stiputa+~ons, agrcaments, condition~, and tovenants oS said promissery nole and thi~ ~ mortgage any or ei~her, and sa:J costs, charges and expenses, each and every, shall be immediate~y dur and payable; whether or not ~here br notice d~ mand, attempt to cot~ect or svit pend~ng; and the iult amoun~ of each and every svch paymem shall bear interest (rom Ihe date thereof until paid at the rate oi ~~i~e per c~ntum por annu~r, anc: a11 sa~d costs, cha:ges and exuens_s inturred or ;:aid, logethec vr~th sutli intetest, sha!! be secuced ~ry Ihe {ien of this mortgage. . } b. That (a) in tha event of any breach of Ihis Mortgage or default on th= part of the R10RTGAGQR, or (b) in the event any of ea;d svms of money 't herein reFerred to be not promptty a~d fulfy pa+d wi4hii~ thirty (3~l) days ncxt after the sanie severa;ly become due and payaUte, wilho~t demand or notice, ~ ~ or {c) in !he event each anJ every the stipu!ations, a~rezmenrs, co~J~~io~~s and covenants of sa:d promissory no:e and Ih~s mortgage a~y or e~ther are nof ~ ~uly, pro~npdy and fuiiy performed, d schargcd, executed, effected, co,n~'eted, co:nplied v~ith and abiJ~d '~y, then in either or any wch event the said ag• { gregate sum mentioned in sa~d promissory noce then rernaining unpaid, w~th inle~est accrueJ, and atl moneya secuced heaeby, sfiall betome d~e ond pay- ~ ab~e forlhwith, or thereafter, a~ the o~t;o~ of said h10RTGAGEE, as (u~~y and templetely as if atl of the said sums of money were or~ginally st~pulated ~ to be paid on such day, anything i~ sa:d promissory note or in this t.!ortgaga to ~h^ contrary ~otw~thsiand'u~~; and Ihereupon or thereaite~ at the option of ~ said MORTGAGEE, without ~ot~ce or demand, suit at law or in equity, the~efore or thereafter beyun, may be prosecuted as if a11 moneys sewred heceby had marured pNOr to ~ts institut~on. 7. Tfia1 in IF.z eveni that at th<^ beginn;ng af or ot any time pendiny any suit upon this htio~tgage, or to foreclose if, er to referm it, or to enforce payment ot any claims hereunder, said htORTGAG~E shalt apply to the Co~ct havuig jueisd~ct:on thereo~ (or the appointment of a Receiver, such Govrt shaN Fo~~hwl+i~ appoint a r-:eiver of s~id mortgag~d property all and singufar, indvd,ng ait and sinyular tF:e i~xome, profits, issues and revenues from whatever source derived, each and e~ery o4 wh;cfi, ~t beiny exNressty unders~eed, is hereu,~ r*,ortgaycd as if spec+flcally set torth and described in the granting and x habendu'n cfauses he:cof, ar.d svch Receiver shatl have all the bread ard efiective fur.ct,ons and povrers in anywise entrusted by a Courl to a Receiver, and ~ scch appoiNme~~t sfiall be made by such Court as an adm»ted equity and a n,atter of rbsolute r~ghi to said /.10RTGAGEE, and wirhoul reference to the adequaty or inad~.qvacy of the vatve of the properly mor~gaged or 10 !he so.vency er :+~soivency of said MOR(GAGOR or the defendants, and that such ren~s. profits, incoma, issces and revenues sha~l be applied by such Receiver accord~ng iu the lien or equity of said h10RTGAGEE and the practice of such F}- ~OUft. . - . . . @ 8. To duty, promptty a~d fu1~y periarm, d~scha~ge, execute, eifec6 complere, comply vrith and a6ide by each and every the stipulations, agreements, ~ conditions ~nd covenanrs ~n aa~d promissory nore and th;s mortgage set forth. _ ~ 9. That in the eve~t thc ownenhip of the martgaged premises, or am~ part therenf, betomes vested in a p^rsan other fhan the l1lORTGAGOR, the fi MORTGAGEE, its succ~swrs ar.d assi~ns, may. ~vithout notite to the ',SORTGs.OR, deal ~vith such successor or successor in interesl ~vith reference to this mortgage and the deb~ F•_reby s=cured in the same manner as with ll.oatga9or w~thout in any v~ay vitiating or discharging tfie Nlortgagors' tiab~fity here- undcr or vr~~ 7h~ dtbr h~reb~ secured. tJo sa?e of tf~e premises hereby moitgagrd ar.d no forbearance on the part of the 1110RTGAGEE or its successoes ~ = or ass~gns ar,d no extens~on o1 the tim.: for the payn,ent of the debi h•~~eby secured glven by the hiORTGAGEE or its successors or ass~9ns, ahall operate lo re~~ose, d:scharge, modi/y chnnge or aifect 1ne c~iginal liability of the MORT,~3AGOR herein, either in ~vhole or irt parL • _ 10. It is spec~fically agreed thar time is of the essence of f}us convact anJ that no waiver of any obGgation hereunder or of the obligation se- x_ Nred hareby sha!i at an7 time thereafter be he:d !o bc a wa~ve: of the !erms her~vf or of the instrument sewred herby. ' 11. In ;dJ:tia:~ so the iorego'n9 r.~onth'.y p~/m^nis of p~i~zc'{~al and interest requi;ed 6y the promissary note secured hereby, mortgagor eovenanis j; and agrees to pay to mortgagee v:rth each mcnth!y pa~~.:ent an adct~~iona! sum es!+.^.~atec? by mo~tgagee ta be equal to 1 j 12 oS ihe ann~al cost of ihe foflow- ing: r. z A-All rc~l property 13%d3 Irv;ed ar assessed ag3i•~st she aL-ove desu~~ed real estate. ~ - E-Qr~miur:•s o~ fire and ~.vindsf~nn irsura~:ce as herc~n reqv~red ro be carried on thr +m, roveme~ts s~tuate on ihe above d:scr'bed premises. C-Pre<r:i~lns on svch mort ,age guarant~ ir.svrac.:e as mertgagea snail frem t me to tlme deem fit to carry on the loan sec~red hereby. " Mortgagee i?~a':I fr~~n i~:r.e fo ti„~c notify rr.ortye~or in •r.r~t;ng oi the a^ou~t d:~~ and payable hereunde~ and wth sum shaN tficrevpon be due and " - Fayao'.e on Ihe ctuc dat= oi she „c•xt mon?hiy pay~neni and cach svccessive month thereafter urJil mortgagee shall notify mortgagor of a changz in such . ~ ar:ount. Such sumz sha:t be ~ppt'sec; ~y morig3gee to.va•d the pay~r.ent of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~4 p.'emivms. - Itd 1'lITD+ESS :':HER~OF, the said /lORTG~aGOR has hereunto set his hard and seal the day and yea? first aforesaid. - Bj ~ Siyned, Sea}ec~ and detivered in the presence o!: ~ ' ' • (Seal) _ , ~ ' eal) - . - - ~ (Seal) ~ `.~~C~{.'l-t.w _ ~ (Seal) ' ~~x + STATE OT F10R1DA ~ - ~'i i " ~ SS. - COU!JTY OF - S t. _ LU C 1@ 1 _ . = - Beforc mz F~.~o-;~ny ~YF~<<ed Philip Pearl and Blanche_ V. Pearl,_his wife and Gary L. ~i;~~ ~ Peaxl dtlCj Barbara G, Pearl V h;s wife, to me well known and known to me to be the ir,dr:~d~a7s described in ar.d who exec~ted th~ foreg~ina instrument, and acknow:ed~qed before me that they executed the same for the purposes therein expressed_ And ih~ sa:dglanche V. Pearl wife of the said Philip Pearl and Barbara G. Pearl _ wife of the said G~ry 1-'• Pearl _ a separate and private - examinat~on by n:e taken separate and aparl from'~hii said husbandiacknowledged to and before me thatthet.exetuted said instrumene freeSy and vofuro tarily end w~thout any cnm, ulsion, constraint, apprehen~sio~n,,/or fear of or fromth~ said husbands. ~ " V/ITNESS my hand and otf~cial seal this--~C~~Mr~L~' - day of ~ .,Jldile A_ D. 19 7S . . k . l Notary Public in and {or the 5t of Florid t large ~s ~ My Commrssion expires: . Retum To: ° a~ ~q~~ ' First Federal Savings ~ loan Assoc~at~on _ ~ , : _ - ~ O~ Fort Pierce. - - - - fi #t0E0 ~ - ~ Fort Pinrce. Florida ' ' Q ' ~~~~~i~1l~iij/~~~ ~ " 5_. ~~c~y°~~v~~~ a~, , i: - J l fr . yu L' - ~aG~A ~Qi1~GW11~ ~ 0~'~-. - This {nstrument Pre ared 8 John t~. Colli 4~'~~~~1~1 1t4~ fl~A ; p y ~coRV _ ~ • ~ . R Y: _ : First Eederal Savings 8~ Loan Association ~ l?~ 1'j~ _ ; ~ ~ •'r - ~ ~ ~ ti. ~ .~o `1 i; - { of Fort Pierce , Florida : _ - ; ~ , - : _ ; . ~:~•'•';'U~ 1..1 C'~~4:' Checked By ~ + . - ~ c 31~.~3f~ ~ PAGE 9 J BOOK .,~,~u,:,~„ M~ ~ R 240 ~ 4 _ il~ , I` . . . . L-`1 . . - • " _^-T~'^ . ~___J _ . .