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Home My WebLink About0248 3. To place and continuously keep on tM bu~'d~nys ~ow o~ hereaher ~nv~te on sa~d iand and on all cquip~nent and personally covered by this mwtg- +g~, with all premiums thereon pa;d ~n fuf~, fi~e in~urance i~ the ~iual s~aniard policy fwm, {n ~ sum ~ppro.ed by ~he MORiGAGEE, and windstorm Nuuranc~ tn tM usual srondard pol~cy fam, in • ~um approved by ~he MORTGAGEE, i~ sucfi comp~ny a companies as the MORTGAGEE may • direct; and al1 iire ~nd w~nJsto~m iniuroocs policies on a~y of uid build~ngs, any interest therein w part the~eof, in tM agyreyste sum ~iwess'~d w ~ in ~xceu Iherco(, shall contain the usual standard mor~gaget clause a such o~her clause as tM Nlalpagee may requ~r~, makinp the ioas unde~ said polF cies, e~ch and every, payable to said MORTGAGEE as its inte~ast may appear, and each and eve?y a~ch policy ~hall be promptly a~s gned a~d de~ivered to any held by said MORTGAGEE as fur~her seturity to said mwtg~ge debt, and, ~ot tes~ lhan ten (10) days in adva~ca oi tM expirat~on of each ~,olicy, to da liver to said MORTGAGEE a renewa~ thereaf, ~ogerher with a receipt for the premium of such renewal; and there sMtl bs ra fire or w~nds~orr i~sufance plsced on any of said buitd~ngs, any inte~est there~n or part thereof, unle» i~ ~he form and wifh t1a loss Qayable as afuesaid; and in tht event any sum of mpney bECpmes payable under such polity p pol~cies taid MORIGAGEE shall have the opllon to reteive and apply the samt on accovnl of the indebtrd- neas secured hereby a?o permit said MORTGAGORS to ~eceive snd use it a any pa~t thereof for orner pu~poset, v.I~hout ~h_reu~ waiving or ~~~~pair- ing any equity, lien w right under w by virtue of this mortgage; ~nd in the avent sa~d MORTGAGORS shall fa any reason fail to keep the said premisrs so insured, w fail to deliver promptly ~ny of said policies ot inswante to iaid MORTGAGEE, a fail promptly to pay fully any premi~m therefo~ or in ~ny resped fail lo perfwm, discharge, execute, ef(M, complete, comply with and abide by this tovenant, or any part haraof, said MORTGAGEE may place snd pay iw such insurance o~ any parl thcreof without wsiviny w•ffectiny •ny option, Iien, equity, w r~ght unde~ ~or by vir~w o( t1,is Mortgage, and the full amount of esch and every such payment sMll be immediately dve and payable and shall bear interest from 1M dafe theieol unti~ paid at the rate ol nins per centum pet annum and to~ether with such interest shati be secured by the lien of th~s mwtgage. 1. To permit, commit or suffer no waste, impairment w deteriorat'wn of said property a any part thereof. S. To pay all and singular ths costs, charges and expenses, includi~g a reasonable attwney i fte and costt of abstracts of title, intvrred or paid at any time by said MORTGAGEE, betause or in the event of the failure o~ the pa?t of the said MORTGAGOR to duly, promptly and fully pe.fam, d~scharge, execute, etfect, complete, co.mply w~th and ab:de by each and every ~he stiputations, sgreemenn, conditions, and mvenanh ot uid promisiory note and this mo~tgsgs any o~ eirMe~, and said coats, cMrges and eapenses, each and every, ihall be immediately due and payabla; whefhtr w not ~here be not;ce da mand, attempt ro collect or suit pending; and the full amou~t of each and every svch psyment shall bear interesf from the date thereof until paid al tht ~are of ~ine per centum per annurn; and all said costs, charges and experues incurred or paid, together w~lh such inte~est, shall be secured by the Iien of this mortgsg~. 6. That (a) in the event of any breach of this Mwtgage or defaul~ on ~he pan of ths MORTGAGOR, w(b) in the event any of taid iums of money herein refer~ad to Ix no~ promptly and fvlly paid w~thin th;rty (30) days next afte? the same saverally become due and payabte, without demand or notice, or (c) in the event each and every the stipvfations, agreements, cond'+tio~s and covenants of sa~d promissory note and ~h~s morlgage any w either are nof ~ufy, promptly and fully per(oimed, d~xharged, e;ecuted, effec?ed, completed, complied with and abided by, then in e~ther or any such event the sa~d ag gregate sum mentioned in said promissory note then remaining vnpaid, with interest accrued, snd all moneys secured hereby, shatl become due and pay- abfe fwthwith, or theceafrer, at the oprion of sa~d MORTGAGEE, as tully ~nd completely as if all of the said svms of mo~ey were aiginally st~pula~ed to be paid on such day, anything in sa+d promissory note or in this Mo~tgage to the contrary ~otwithslanding; and thereupon or thereafter st the op~~on of sa;d MORTGAGEE, without notice o~ demahd, suit at law w in equity, therefwe or thereafter begun, may be prosecuted ss if all moneys secured hereby nad matured prior to its institution. 7. That in the event thaf at the beginning of or at any time pendi~g any suit upon this Mortgage, o~ to foreclox it, or to reform it, or to enforce paymenf of any claims he~eu~der, said MORTGAGEE shall apply to the Court having ju~isd~ction thereof for the appo~ntme~t of a Receiver, such Court shail fc,thwith appoint a ~eceiver of said mortgaged property al~ a~d sir.gular, includ~ng all and singular the income, profns, issues and revenues (rom whatever scurce derived, each and every of which, it being expressty understood, is hereby mortgaged as if spec~fically set fwth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powe~s in anywise enrrusted by a Court to a Receiver, and s~:ch appointment shall be made by such Court as an admitted equity anrl a matter oi absotute righl to said MORTGAGEE, and witho~t reference to the adequacy a inadequacy of the value of the property mwtyaged or to the so~vency or insolvency of ssid MORTGAGOR w the defendants, and that iuch renrs, profits, income, issues and revenues shall be applied by such Receiver accwding to 1he lien w equity ot said MORiGAGEE and the p?actice of such CouA. 8. To duty, promprly and fu11y periorm, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenanrs in sa~d promisswy note and this mwfgage set fonh. _ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without rwtice to the MORTGAOR, deal with such successor or successOr in interest with reference to this mortgage and the dabt hereby sc`ured in the same manner as with kbrtgagw w~thout in any way vitiating w dixharging the Mortgagors' liability here~ under w upon the debf hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its successors or assig~s and no earension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, siiall operate ro release, discharge, modify thange or affect the or~ginal liability of the MORTGAGOR he~ein, eifher in whole w in part. - 10. It is specifically agreed that time is of the essence of this contract and that no waiver o! any obligatior? hereunder or of the obligation se- cured hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~o~ to the forego ng monthly paymenes of princ"pal and inrerest required by the prom~sscry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monfhiy payment an addirional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~ng: . , A-All real property taxes levied or assessed ag3inst thc above descr~5ed real estate. ~ B-Premiums on fire and windsrorm insurance as here~n requ~red to be carried on the improvemeita siruate on the above descriibed premises. C-Premiums on such mortgage guaranty insurar:ce as mortgagee shall from time to t:me deem fit to carry on the ban secured hereby. Mortgagee shall from tirne to time natify mortgagcr in writing of the amount due and payable hereunder and such surn shall thereupon be due and r~yable on the due oate of the next monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagor of e change in such a~„ount. Such sums sF.all be applied by mortgagee toward the payment of real properiy taxes, insuran[e prem;ums, a~xl mortgage guaranty insurance cr. emiums. ~ (N WITNESS YIHEREOF, the snid MORTGi4GOR has F~ereunto xt his hand and seal the day and yea first aforesaid. f Signed, Sealed and delivered in the presence of: a~@ , ~ ' . ~ ~QCOIf ~SFt~ ! - aq : - • CLERK Ci~tiusT lOURT ~ Scaq ~ P~C4$D iIERlFfEO.~.~ (Sean ' 3 i i ~p ~ ~ W ,7 ~Seal) ~ i s , STATE OF FLORIDA ~ ~ ~OUNTY OF St. Lucie ~ ~ ~~~~Q ~ ~~w ~ Befwe me personatly appeared Harrison Holbert a~ ? ~ Gloria D. Holbert ' ~ - his wife, to me well known and known to me to be f z rF.e ind~viduals described in and who executed the foregoing instrument, and acknowiedged befae me that they executed the same fw the purposes ~ there~n expressed. And the said- GlOlla Holbert ~ +~~fe of the said Harrison Holbert a xparate and p?ivate ; e.am~nat~on by me taken separate and apart from her said husband, acknowkdged to and be re rrK that she executed said instrument freely and volun- ~ '~ruy and w~thout any computsion, constraint, apprebens~on, or fear of or from her said husband~ z WlTNESS my hand and official seal thi: o~ ~iQ"T day of ' u~-" A. D. 19 75 - { Notary Publit in and the 5)Ate of fbrida at Large My Commiuion exp' es: ~ ~ Retum To: 1 ~ < First fedenl Savings E~ Loan Associatwn ? ~ . - . ~ ~~i; . ~ , . i - ~ Of Fort P~e:ce. - i~ - ` Fort P~e~ce, Florida S7ATF r( f~f!F.!f`A et 1.~4ZG~' : c~ i.:"i. 1 •}9~ s~.: ' w. oc.l i.j r T'E .~wl 4 un~IS ~i~i~'dQC~ ~ :i.D ~ ' ? -.r , 7 : • 0 1=:;~~; t This Instrument Prepared 8y Richard K. Kayes I- 7~? o:~.: d~~~ ; ' ~ . . First Federal Savings & Loan Association : G'•. ~ of Fort Pierce, Vice President = s''••..:~%~'~~•~;~~~ ~ ~~i.. J._.. • ~ ~ :aT~i~:_ Checked By '~~~~rd~~t,;.~~.!t'+~' s t, ~ 0 R ~j~ p _ 800K ~?tJV PAGE ~}Q . ~ • : ~ - ~ - - , . _ r