HomeMy WebLinkAbout1824 To p1ac~ ~nd sw~e~~uouily iceep on ~t-e bui:~f~rv~a now w huea4t~t ~~twN Cn sa~ci ~snd +~+d o~ ati eq~+p~~en~ ~~d penons~ly co~ered bY sh~` more~
s9*. w~lh all prem~ums thercon pa.d io tull, iua im~ra~~c~ ,n tne u:ual standorJ pu;a~ Eorm. in a svm ap~xoved bt ths fAORtG.1GEC. a~d w~+uiuam
~nswance in ~he uwal s~anJord pot~cy lam. in a wm apFvo.ed by eh~ MORiGAGtE. in such com~,s~y o~ ~anf~anMt as ~M ~IAC~+tiGAGEE ~++Y -
duect; and a!1 f'ae ~~x1 w~ndaeo~m inau•a+~ce po~~c~rs on any of sa~d bu~~d,~gs. aoy imc~est tl+ereu+ or p+r~ thereof, in t:M agqrrg~~~ s..m atw~s.~id ot
in aaces: thrreof, slul{ conra~n tM usual siandard mo~~yvgrs dauae or such o~~u~ c!ause ~s !h~ Mo~lpagee may ~equ.r~, m~?irq ttK ~wf u~~de~ sa~d poli- ,
ues, each and evary, payab:e to aaid \10RTGAvEE as ~ts intc+~~at ,ney apprar, and ~ac~_ s•.d e~ery such w~cy sh,?il be p~omptlY +ssg~~d a~~d de:~~errd ~o _j
eny held by sa;d A10RIGAGEE as fu~~he~ f@CWNy f0 lOill ~~or~~age Sri~t, d~id, rat leis than ~en (t0) daYS in aJ+~nce ui +he e,epua=~on of each poi~cy. to de-
I~ver to u:d MORTGAGEE a re~wwat ~!~ereof, ~ogether w~~h a rrc~~pt tor the p~mn:vm uf such ~e~~erraf; and U~ere aFwl1 b~ no f:~e or w:nds~or,n inauranc~
pl~cad on sny of said build~ngs, any iorerest thrre~n a p+~~ ~hrrrof, u:t:r„ ~n ftK fo~m and ,n~th iiu Icas psv+~le as •fo~cuid; and in ~he e~ent rny sum
~f monty becpnes payab~e unde~ Yuci~ Nolity or pul~cas a~~J /hORTGAGEE sha~l have ~he opnen ~e ~ece:vs and app~y tiie same on +ccoum o( the irdebted-
nass secvred hc~eby w ~o permn sa:d MORiGAGORS ro ~eca~ve and use it or any p~~t tf;Ar..wi iw ..:h,rr pvr~~os_s. v..~i»~t thr«u; wew~,z~ o~ ~+~~A~~~-
~ng any equity, I~en a right under a by v~~t.n+ ot th;s ma:qage; a:id :n ~he even~ s.+.d MORTGAGOVS ah+11 ior any reason (ail to kzep the u~d wemi~ri so
~nwred, or fail b delive~ promptly any oF said po~•ues of iniu~ance ~o aa:d MORIGAG:E, w fad pron:prly to pay fulty ~ny pre~mum therefor o~ in a~y
re~pecl lai~ to perForrt~, discMryt, eaecute, effect, caHplcte, comply •,iv:~h and abide Ly ~h~s coven,?~1, or ~ny part Aareo(, sa~d MGRTGAGEE may piace and ~
pay fa wch insuranta a any part thereof v~iThout .vaiviny or atfetting any o~:~eon, i,en, eqw:y, o: righl under ot by vutue o~ ehis Mortgage, and 7he ,d,,,.
f~lt w~wunt ot eath and every sucA aaymero shalf be ~m~ned~a+e~y dvr and payat.:a and shell b.:ar ~ntcr~s~ rrom the date thcreof u~~il pa~d at the ra'e ol
r per centu:n ~r annum and ~o}ati~e~ ~cai: s~ch inrcrest ~ha~~ e.r arc~•red by the lian of ihis mwtgaga-
4. To pe~mit, commit or su4fei no waste, ~~+~pa~~ment o~ det~~icrahon oi sa~d pro~,wty or any part thereo~.
5. To pay all and us+gulu ~he coats, chargea artt! exNerssrs, ~nclud~ng a reasonable anw~sy i(ee a~d wsts of sbstracts oi title, incurred w p~~d a1
any ti~r.e by said 1110RIGAGfE, betavse w in :hc cve~~~ of 1h= fa:iure on the part of the :eid MORTGAtiOR to dviy, promptlY and fuliy periwm, d~schsrge.
exrcute, et(ect, c~++p~ete, comply with and ab:de by each a~d e~ery the s~~~n,~ar,ons, agrerments, condrt~o~s. and cevenanrs o( said prom~swry note and ~hii
.r.o~rgage any or eiiher, and sa.d cosh, chargcs and expenses, each anJ every. shall kx ~mmediately due and pay+6?e; whether q not thert be ~+ot~ce de~
~~and, attempt to co11ec1 or suit pend~ng; arnd rhe f~ll a:nount of each antl errry svch paymrn~ aheli bea. interes~ from tM date thareof until pa:d at the
i n~n! {xr cen:~m ~.rr an~~u:n; a~~d a~! sa~d cvsrs. cha~3es a^d ~a;:c~:s~s :~c~~~rd a p~:d. ~oyrther :vah sucb-~n+erest, shall ~ secured by the I~r~ of thi~
m or tgage. -
6. Thst (a} in thr eve~~ o( any breach of fhis Mortgage or defauir on tM p.:rt of the MORTGAGOR, or (b) in the event ~ny of sald sums of money
here~n refened to be no1 promptly and fuiSy pa;d wirh:n rh,riy ~30) da~rs ~+eat a~ter ihe sanx srfe~a'7y becemn due snd paysble, without demand w not~ce,
or !c) in the even~ exh and ev~y the sKpu~ar~a~s, agrecr+enrs, co~d~sa~+s aod co~enrm~ of sa:d p~ornisswy oote and th:s mw?pag~ a~y o~ either are nol
i.ly, promµdy and f~Ity periwmed, ds_harg_~d, rarc~red, eftecfrd. co•r.p'eted, ce~~p:ed w~~h and ab~dd D~, then in e~ther a any such eveN the sa;d ag
~•egate s~m mentioned in aa~d p~om+ssory note ~ha~ re~na~n~t,g ~„pa~d, v.~th inre~asr a:u.,ed, and aji montv~ setured hereby, shali become d~e ~nd pay~
ar. a forthx~~h, or ~hereafrer, at ~he op~ion oi ;a~d Vt0~21GAGt:. as (u:+y ard :ompir~r~y as if all of ~hr sa+d sums of rrw~ney wre~e o~g~nalty st~pulated
~c be pa:d on such d:./, anYth~rr~ in sa.d pro::. ssory r.u+e er ~n this M~xtg.~ye to tR•_ ca~~na:y not,N~Thstand~ng: and ~M:re~p.~+ w thereafta a~ the opuon o(
t•.:! MORTGAGEE, v.+rho~t no~.ce or drrn~~, svif at I~x w in rqwty, thfreTwe or therraiier begun, awy bt Frosecuted ~s if all nwneys secured i~ereby
r::i ma:uttd pnOr f0 As institution. -
7. ihar in ~he ev:.~~ rhaf at the cey~nn,nq of or aT any tunr p~++d~~~g a~y su~t uFr~ rhis 11~.:rtgage, w to fweclose it, or 1o retorm it, or to e~force
.^~ent of any ttaims he~e~nder, sa~3 AtpR1~,i.vE~ st.aG appty to the Cou+t he~.~~g ;o~~s:,.c:„~~ ti,rr~~o! for the appomtment oi • iteceive~, suc6 Cw~~ shall
. ,,;!h appc,~nt a rece~.er oF said mo•tga~cd pro;;. rtr akl a.^.d sin~viar, it:c;u:1 ny ,3,: a•~tf v-~y~:tr th. ~MWnO, p~oFds, iss~es and revenues from whatever
c~~ derivrd. ezch ard e+try of wh.ch. :t Le~ng ~~urrsry unckrst.xd. ~s Fe:o::y nw~;g~ged as ii spec~fitally ut f~th and deXnbld in the granting ar+d
er,d~m t~avses hereof, and such Reteicer sha!i h~~e a:~ the b..~ad a~d e~fcc':ve fi:rcr.orn r.nd powera in anywbe enlrusted by s Court to a Reteiver, a~d
s..:~. appoir,tr:ieni ah,lf ne made by s~ch Cov:t aa an ad~nitrCd eq:.•::y a~x3 3 n~.a:t.r o( a:•so~.~~e r.gM ta seid MORTGAGEE, ~nd withovt re(erence to the
, i.;,~scy a inadrq~acy of the va?ue of the p+oprriy mo~tgaged or to f'r.•_ sa~rnc~ c. ~,'.:o~rrncy of :d~~ H?osrGAGOR a the defendants, a~d thst such
~~+s profin, income, issues ancl revenues shait be apr:~ed by s~ch Rec_r~u ac:~~ru.:.g To the :ien or equ~ty o~ sa~d MORTGAGEE and the praUite of suth
_ _ ..-t.
3. To du!y, prcmE.t!y and ful~y ;;erform, d~sct~arye, execute, esfect, co~np~ete, i~rnF,'~ w~th and ab~de by each and every ths stipulaYwns, agrcements,
d.f~cns and co~rnar~!s ~n sa~d p~.~m.issOry nose a::d sn's rn~:rya~e ser to~,h. ~
9. Tb;t i~ the e~•~ •r rhe ow~e•shlp of t%•c mc.~.;,ged cre~•~~ses. or en~ ~:a:t therec/. 6ecomes vested ir, a person other than the MORTGAGOR, 1F+e
,`;?GAGE~, t•s su:cessc~s a^d as: yns ay, v.~~i~o~+ no~:ce ro t!e_ .'~t;;4iv%•Jn. d.:a. v.~:n svch :uccessw o~ s~tcessor in interesf wuh refere~ce to this
.,-•,,age a::d the debf h~~eb~ s~cv~ed ~n ti~e sa:nr r...,~.nrr as .v~~h :.Sxr~e3o• :nTho~t m any way vit.ating or d~scharging the Nbrtgagori ?iability hert
or uc.on the deb~ he~e::~ sea~•_d. Nc s,'c o~ r•:~ F!2'i'~S^_S h•_{ebti •:.•:~i~ag~-~ a~d na forbearance on the pa.~ ef the I~10RTGAGEE or its succeswrs
,~;;~n; er.d no ewrens:on o! the t~„~~ for ~hr ~.~ynr^t pt ~i.e tic~i h~•:~•F: s~-c~~~<d g~.en by tht A110RFGAGEE or its sutcessors w assigns, si~all operate
o re'e~s~, d.sti~mge, modify change or affeU ~iie ~:~3.n•+i i~~b:..t~ pf "~r ti.VRivAGVR liere:n, lither in who:! ot in put.
10. tt ~s spec~f~cai~y ag+eed tliae tcne is oi t!~r rsser~tr of th;s co~aract and that no wa~•+er of any ob~~gatlen htreunder or of the ob!igation se-
c~~•ed hcreby sha:~ at any timr ~hc.ea'trr 6-~he'd to b, a,r:ai.~~r ci t~e ~erms h~~eo} w of t~~e ir.strumertl secured herby.
il. In ~i.t~oi to t~_ fC:rgo'nr ^:onth~Y paye~~.~h of prircnal z+.d ;nr~.cst reyv:r•~d by the p~Omssory no!e se[ured he~eby, mortgag~~ e0~'e~wnti
, d a3rres tu pay ~o ^:~~tgagee v.+.h cach r. en•!: y,;ay: a~ ~ci„ •u,:a; su:n ~~ed by me.tgagee ta be eqva! to 1,' 12 0[ the annual cost of the folTow-
A-A'; rea! pro{xr.y tex~s 'e+;e : o~ assesse:; eg e, st :t•. seove .^._•s.•:~r d r.a~ es:ate.
6-F•~.~.,,r-s cn fue ard ++:~-ds~~~~'~ ns•r.->>ce ~s he-r~n ..-;yu:•oa ro s- ;e;.~-d c,~, rL•~• :mprcverne~ts s~+~ate on the above described premises.
C-Pre~•~vna on such mo~tgage g~arant~ ir.svra~ ce as m~rtg.~;;ee sh~:! lro~r rn-e to :[me deem fit ?o carry on ihe ban secured hereby.
Ato~t~a:~ce sha: j.em ti:•:z sc ~:o~S~. -:r~~.a_i~. .n r.•:nny cf tns o• ~,~t due and payable hereund.~r and sucF. sv~n sha!1 thereupon be due and
I ,.,b'e on thc ci_r ca!e of ~n-~ n•_xt ~,o•~s~~: ~ i:.+,--.e.,r and aacs, s~•ccess~ve ~ v,,,!~ r~k:~ej4~e+ ur.~ii mertg3gee s~a'1 not;fy mort~agor of a ehange in wch
~~,nt. Sw.h sv~nS sha:i be app:~rJ cy m~r.gag eu::arc tne payment of rra! p*c"ertr ta,ces, inwrance prem.ums, a~~d mortgage ouaroMy insurance
. ~~:Vmi.
iN Y:I7r1ES5 'hHFR~Of, tne sa:~! A.ORiGA~GV. has hFre~~to se~ h+s h~rd and seai the day and year fint afaesai~.
Sigr~d, Sealed and de!iverrd in the preaence of: ~~r~' ~ ~
- (Ses~
Blaine G. Holcanbe, a sinqle a~sLLtl~
~ p - , rs"q
V~A~dwf ~ (Sea11
;t.aTE OF fIORIDA 1
St . Lnc ie }
-JUiJTY OF ~
a~f«~ m~ a~,,,r~ ~fl~3,~a - Blaine G. Holconbe, a single adult .r,a
~ws~rife, to e wcll known and known to me to be
_ ir.d~vidual described in and v.ho exec~:ed the foregoing instrument, and ac4now:edged before r.+e that S~@executed the s~me fw the purposes
_ r;n eapressed. A~i~M ~airL
fc-oi Nw sw~ - - - , etie~r ~ ~epw+ls'rnd ~iw~ ~
+~.~wwswow~.ne~~ic«~se'e.e~e~~wis~r~iw.~iNr-s+iiwLu.~r~ia.wv.icigi~aniirf~r~~~irt~.ai~w~erreei--`o:.:~r: a.t.ise~ly~~d.va4~a~
:+..r.ar~+~riLauti.any.c~rrpr'ri~.~o.sua~~t..+pP ~5eos.or~~~~.~oaJr~L~ciairib?uhiod.
VVlit~tE55 my band and official sea! this_ day of ~~_~ber ~ A D. 19~'4
Notary Pubf~c in and for !he State of ida st
My Commiss~~~ ~ I~
Return To: r
~irst Fedeu( Savir.3s d loan Aswciat:on
p~ Ferr P..~rc•z. ill~~`'~~~~ y i
Fort P:crce, Ho.:da ~
R[COAO y~Cy1T ~ ~ . • ` _ ~ ~ ~ .
' -
}'tE~..,~..s . "~r,: C ~ _
This Instrument Prepared By J. H. Roberts Jr. ~ ~ ~ ~ - ~ 1',~: ~
First Federal Savings b loan Assxiation ' ~ = ' ~I~e-.;~ -
. y'~ . .
of Fort Pierce s Florida 33d50
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Chetked By ~ - - - , . .
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