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HomeMy WebLinkAbout1940 3. To plac~ and contt~uousfy ke~p on ths buildinps now or Mreaftt? aitu~t~ on taid Isnd and on sll cquipment snd penonaily covered by thi~ mwt~ •g~, ~vith all prsmiumi thereon pa~d in fvll, fir~ iosuranc~ in the usval standard policy fwm, a sum approv~d by the MOR(GAGEE, and wind~torm insurance in ti?e uswl srandard policy twm, in ~ ium approved by ths MORTGAGEE, in iuch company w compan:as as tl,e MORTGAGEf may dired; ind ~II fir~ a~d wi~dstorm inturanc~ polic~es on any of said build~nyi, iny inte.est therei~ or part thereof, in the aggrega+e tum afor~said o~ ~ tn excess ~hereof, ihatl contain ths uiwl ibndard mortgagee clwse a such other ctause as the Mo~tpayee may reqv~r~, maki,~ the loss under sa~d po1F F cies, exh and every, payabts ro ssid MpRTGAGEE ~s ib inlereit may ~ppear, and each and eve.y ivch poticy shall be promptly ats.9ned and delivered to ~ ~oy heW by taid MORTGAGEE ~s furtfier securiry to said mat9age deb1, and, ~wt leu lhan ten (10) days in sdvance of the eapirat~on of aach policy, to d~- live~ to uid MORTGAGEE a renewal thereof, toqetMr with a reteipt fw the premium of such ~e~ewal; and lhere shall be no f~re o? wind~torm insuranc~ pl~ced on ~ny of said buildings, any inte.ett the~e~~ w part theceof, unleu in ths form and with the lou payabte as aforesaid; and in the •vent any sum of money becomes p~yable unde+ such policy w policies iaid MpRTGAGEE shall Aava rhe option ro ~eceive and apply tFu same or~ accoun~ of ths indeb~ed- nesi seturtd Froreby w 1o pe~mil said MORTCsAGORS ro rKeive and u;~ it p any pa~t thereof fw otixr purposes, w~ihout than4~ wai~ing or ~mpair- in~ a~y equity, lien a rght ~nder or by vinve of this mo:tys~e; and in the ~vent ~a~d MORTGAGORS ihall fa any reason fail 1o kcep the said premlus so iruvred, d fail lo deliver promptly any of uid polic;ei ot insurance to said MORTGAGEE, o~ fail promptly to pay futly any p~e~n;um tt.erefa a in any respsct fail to p~rfwm, discharge, execute, effect, complets, comply wi~h and ~bede by this covenan~, w any part hereof, said MORTGAGEE may place and paY fa suth insurant~ w any part t~hereof without wsivinp w afiectin~ eny option, lien, eqviry. w right unde+ a by v;rtue of this Mortgape. ~nd tht full amount of euA and every such -paymerN shall be immediately due and payabl~ ~nd shali bea~ interest from the dste thereof until paid at ~ha ra?~ 01 nine per centum per annum and to~ether with wth inter~st ihall be secured hy the lie~ of thii mortgage. 1. To pKmit, cw~mit or svffer no wa~tt, imp~irment w deteraralion of said properiy or ~ny part rhereof. S. To pay ~II and sinyutar the cos», ch+npes a~d axpenses, axludirg a reaso~able attaney i fee and costs of sbst.acts of title, incur.ed w pa~d at ~ any time by iaid MORiGAGEE, because o~ in the event of the failwe on the part of the said MORTGAGOR w duly, promptly and fully perfwm, d~xharqe, ~ execu~s, effecf, comptet~, comply w~th and ab~de by each and every the itipulafiau, agreernents, co~ditions, and mvenanrs of sa~d promi:sory ~ots and ehi~ ~ mortgage any a e;the?. and sa;d cosn, tharges and expenses, each ar+d every, shall b~ immediately due and payable; whether w not there be no~ice dr msnd, attempt to collect or suit per?d~~; snd the fvll srtwunt of each and every i~ch payment ihall bear interes~ from the date thereof until p~id at the rate of nine per centum per annum; and all said costs, charges and expensea intwred p paid, togethe~ w,~h suth iNerest, slwll be secured by the lian of thit ~ morfyage. i b. That (a) in the event of ~n breach of this Mort ~ Y gaye or default o~ the pa~t of the MORTGAGOR, w(b) in the event any of said wms of money haein reftr~ed ro be not pramptty and f~lty paid within thirty (30) days ne:t after the same sevmally become due and piy~ble, withovf demand a notice, or (t) in the event each and every the stipulatiorv, sgreements, tond;tions and covenaMS of sa;d promiuory note and th~s mortgage any or eitF~er are not } iuly, promptty and fully performed, diuharged. executed. effected. completed, canplied wi~h and abided by. ~hen in eirher w any svch evenr th~ teid s¢ greyate sum menlioned in ssid promissory note then remaininp unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay. able fwthwith, a thereafter, at the option of said MORTGAGEE, as fvlly and completely as ii sll of the ssid s~ms of money were or~ginally st~pulated to be paid on such day, anything i~ said promiuory nofe or in this Mortgage ro the cont,ary notw;thsra~xl;ng: and ~}?rreu,oon or thereafter at the option of ` ssid MORiGAGEE, without notice a demar~d, wit at law a in equity, thcrefore w lhereaftN begun, may be prosecuted ai if all nwneys secured hereby 3 had matured pnpr to iri instit~tion. ! 7. Thst i~ the event that at the beginning of or ~f any time pending any suit upon this Mort ~ gaqe. or to foreclou it, w fo refwm it, or fo enfwn paymenf ot any tlaims hereunder, said MORTGAGEE shall apply to fhe CovA having jurisdiction thereol {or tF~e appointmem of a ReceivM, such Court shall fathwith sppoint a receiver of said mwtgayed property all ~nd si~gular, i~tlud~ng all and singular the income, prof~ts, i~sues and revenues irom whatever ~ source derived, each snd every of• whici?, it being expressly underatood, is htreby mortgaged as if speci(icalty sct fath and destribed in the g.anting and habendum dauses hereof, and such Receiver ahall have al~ the broad and eifective f~nct~ons and powers in anyw~se entrvsted by a Court ro a Receiver, end E such appointment shatl be made by such Court ss an admitted equity and a matter of absolute ~ight fo said MORTGAGEE, and withouf reierence to the j adequacy a in~dequacy of the value of the property mortgaged or to ti+e solvency or insolver~cy of said MORTGAGOR or the defendants, and ~ha1 such j rents, profits, income, iuues end rermues aFwll be applied by sixh Receiver according to the lien or equity of said MORiGAGEf and the practice oi such ~ Covrf. 8_ To duly, promptly and fully perform, discha?ge, execute, effect, complete, compty wi~h ~nd abide by eath and every the stipulations, agreemenn, conditioru and cove~aros in said promissory note and this mortgage set fath. 9. That in tf~e event the ownership of the mortgaged premises, o~ any paA 1F+ereof, becomes vested in e perspn other tAan the MORTGAGQR, the ~ MORTGAGEE, its successors and auigns, msy, withouf notite to the MORTGAOR, deal with such sutcessor a successw in interest with refereqce to thia mortgage and the debt hereby secured in the same maro~er as with Mortgagw without in any way vitiating w d~xharging the Mwtgagors' Iiabilit~i~/a- under w upon the debt hereby secured. No sate of tF~e Fremixs hereby moatgayed snd no forbearsnce on 1he part of ihe MORTGAGEE or- in succeuors or assigns and no eztension of the time fa fhe payment of the debt hereby secured given by the MORTGAGEf w its s~ccesson w auigna, shal) pperate to releax, dixharge, modify change or affect the wig;nal liability of the MORTGAGOR hcrein, either in whote w in psrt. 10. It is spedficslly agreed that fime is of the essence of thiz tontract snd that no waive~ of any obligation here~nder q of the obligation sr ~ cured hereby shall at any time thereafter be held to be a waive~ af the terms hereof a of the instrument secured he~by. 11. In add~tio~ to the fwego:ng monthly payments of princ'pal and interesf required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthfy payment an add~tanal sum estimared by mortgagee to be eqval ro 1/12 of the annua! cost of the follow- ing: A-All reat property taxes levied w assessed agai~st the above desttibed real estate. B-Premiums on fire and windstorm ensurance as herein requ~red to be carried on the ~mproveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty inwrance as mortgagee shatl from time to time deerts fit to carry on the loan secured hereby. Mwtgagee shalt f~om time to rime notify mortgsgor in writing of the amount due and payable hereunder and suth sum shall thereupon be due and payable on the due date of the next monthly payment and each a~ccessive month thereafter ur.til mortgagce shall notify mortgagor of a change in such amouM. $uch sums sha(1 be applied by mortgagee toward the payment of real properry taxes, insurarxe prem;ums, a»d mortgage guaraofy insurance premiums. IN WITNESS WHEREOF, the x' MORiGAGOR has hereu~to set his hand and xa! the day and year first aforesaid. Signed.5ealed del' m of: / . ~ / • , ; . ~ ~ ~ ' n ~ SiATE OF FLORtDA ~ ~ ' .G ' ` ST . LUC IE ~ f'~ rt. ` _ ' - ~ courm oF f y~~r;{U". ' pf'~.• ~~.~i' 1 f Before me perwnally appeared Jose h Alton Haisli : w;;? ; Eva Susan Haislip -ti his wife, to me well knovw~,~- tix individwls described in and who execvted the foreyoirg instrument, and ackrw+nrledged before me that they executed t~eL,- w p ~ . s;~. ~ ~ r~.~~n ex ~a. n„d ~t~ ,,;a_ Eva Susan Haisli - ~ ~ ~ w~fe of r~ ,~~d Josenh plton Haislip • ~ ~a ~ ~ ~ni.p~,.~r. examination by me taken separate and apsM frorrr her ssid husband, sckrwwledged to and before me that she executed ssid i~utrumKN~~'~.rroloo- tsrily and withovt sny compulsion, constroim, sppreFKraion, oc~u of w from her said hutband. tr' WITNESS my haod and official seal this day of March ~ p. `19 '70 e Nw+ry Pu 1 i~ ~nd fw the State of Florida ~t Luye 1 Return To: My Commiuion expires: E Fint feder~l Saviags 3 toan AssocisYwn ~IOTARY PUSLIC, ~TATE OF R06lQA ,~T LA ' Of Fort P~erce. MY COMMISSION EXpj~ ~ forr Pierce, flwids ~ND~D ,~+R~~iE~~+'^_~~~~i'" ST. LUCIE COU ~ Y."fe~• ~~~~pn VERIf~ED This tnstrument Prepared By J• D. Chastain 1913f `7 First Federal Savings b Loan Association 23 p~ of Fort Pierce, Florida ~~Q ~ ' Checked By ~ ,p~:rR 'rOt7RAS - ~~~X CIERK CtRCU1T COURT' 0 R ~&E~~iei~ ~ ~ ~ ~ . n~, , _ _ _ _ - - - ~ ~ r-~ --2_ : - . , a~L, , - 1..~.~&. .2~.~:..4-^'~ri'