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HomeMy WebLinkAbout1949 3. To place +nd continvously keep on the bu~!di~gs now a hereafrer slt~ste on said land and on all equcpnent ~nd penonaily covered by this mwt9- ege, with all p~em~um~ thereon pa~d in full, f~re :nsuronce in 1he usual sta~xlerd y~oticy fo~m, i~ a sum approved by the MORiGAGEE, end wind~~wm ~nsu~ancs in the usual ~ta:~dard pol~cy fam, in a sum approved by ~he MORTGAGEE, in wch company o~ companie~ as ~M MORIGAGEE may ~ d~rett; end all (ire and w~nd~torm i~surance po?icirs on sny oi sa~d build~r+fls, any iMeresl therein or pa~1 thereof, in the ~gp~egate sum ~ioniaid w ~ ` in excei~ Ihereof, shall con~ain ~he usual seandard margagee clauie a such o~hm clauss ~s the Matgagee may requ~rs, rn+?1n~ ~he loai unda ~a~d po1E cies, eath and evory, payablQ to said MORTGAGEE ~f +ti int~r.st may appear, and each and every such policy sha~t bs promptly ass qned and delivered to ~ any held by said MORiGAGEE as Furthar security to said mor~~ege debt, a~d, not leu Ihan ten (IOi days In advance oi tha txpir~lion ot each pol~cy, lo da j liver to said MORTGAGEE a renewat thereof, 1oge~her with a rece~pt iw the p?e~nium of suth re~~ewal; and there thall be no f'ue or wir~dstorm inivrant~ ; pleted on ~ny o1 said building~, ~ny inte~est therein o~ part thereof, unless in the form a~id witA Ihe los~ paya6le as ataesaid; and in the eve~t any wm f of money becomes payable under such policy p~ pol~cies uid MORTGAGEE shall have ~he opt~o~ to receive a~d apply ths sams on sccount of ihe Indebted ness secured hereby o~ ~o permit said MORTGAGORS to ~eceive and uis it p any part ther~of for othcr puruoses, w~~hout ~har¢b~ wa~vi~~g o~ ~+npai~- ~ng any eq~~ty, lien a right ur?der or by virtue of this morsgape; and in the evrnt w~d MORTGAGORS shall for any reasoo fail ~o kcep the sa~d premises io ~n~ured, or fail 1o deliver promptly any of s.+id pol~cies of en~~rarue ~o said MORTGAGfE, a fail promptly fo pay fuily any pre~nium there~o~ a in any respect fail 1o pertorm, discherge, execute, efiect, complete, canply wiih and ~bide by this covenant, or any part he~eof, said MORIGAGEE may p?+ce snd pay fa iuth insurance w any pa?t thercwf without waiving w afFectiog any option, lien, equity, or ryht unde~ w by virtue of this Mwtqaqe, •nd the f~tl amount of esch and eve~y ~uch payment shall be immediately due and pay~ble and shail bear interest from ths dats thereof un~il paid a1 the rate ol nine per ceotum per anr,um and togethar with such intrrzst shai! Ge secured by the lien o) th~s mWtgage. 1. To permit, commit w suffer no waste, impairment ot deterioration of said properfy or any part theteof. 5. ~o pay atl and sir.gular the costs, charges and expe~ses, includ~ng a re~sonable attwney's tee and costs of sbstrads of title, intv?red w paid at any ti~r.e by aaid MOR1GAGfE, because a in the event ot the ta~iure on the pa~1 of the said MORTGAGOR fo duly, promp~ly and fully perform, distharge. eaecute, effet~, complete, comply w~th and ab:de by each and every the stipulanons, agrecmenb, conditio~u, a~d covenants oi said prom~sso~y note and thit mortgage any or either, and sa~d cosrs, chsrges and ex~rtnses, each and every, shell be immed~a~ely due and payabla; whe~her a not there be notict d~ ~~and, attempt to colkct a suil pcnd~ng; and the f~ll amovnt of each and Every such paymen~ shall bea. interes~ from Me date thereof until psid af the r.,ic of n~ne per cenwm ~:r annum; and all sa~d costs, charges and eaNanses incurred o~ paid, togrther wuh such interes?, shali be setu~ed by the lisn of thi~ mortgsge. ~ a That (a) in Ihe cvent of any breach of this Morlgage w default o~ the part of the MORTGAGO~t, or (b) in the event any of ssid sums of money hzrein refer~ed to be not prornptly and futly paid within ~h;~ty (30; days next atter the same severally become due and payable, withovt demand w notice, or !c) in thr event eath a~d every the stiputations, ag~eements. cond~tions and covena~ts of sa~d p~ortiiswty note and th~s mortgage any a ei~her are no1 iuly, pro.nptly and fuiiy perfonned, d.scfiarged, exec~ted, effected, comp!eted, compGed w11h and abideJ `sy, lhen in eithe~ w any such event ihe said ag ~ gregate sum mentaned in said pro~mssory note then remaining unpaid, with in~erest ac:rued, a~xl alt moneys secured hereby, shall bCtome d~O and pay- ; ab'e forthwith, or ~hereafter, at fl~e eptia~ of aaid MORiCaRGfE, a~ fuily and complete~y as if all of the said sum~ of money were w~ginslly s~ipulated _ ' ~o be pa;d on such da/, anything in sa:d prom~sso.y note er in ihis Morrgage to th~ co~erary notwithstandmg; and thereupon a thereafte~ at the opnon of } s+.d h10RTGAGEE, without not~ce or demand, su~f et iaw or in eq~ity, iherefo~e or thereafter begun, may be prosecoted as if al) moneys setured hereby r._d matured pnor to ~ts institut~on. 7. That in the eren? that at the beg~nning of or at any time pending any suit upon this Mortgage, or to foreclos~ it, w to reform it, ot to enforce p~,-ment of any ciaims he~e~nder, sa~d MORTisAG~E shall appty ro the Cou.t hav,r.g ~u~;sd~c+~on thereof for the appointment of a Receiver, such Court shall _~~h.vith appoint a recei~.er of se~d mo~tgaged property all and singula?, inc~vdng aI~ and s~ngu~ar the ~ntome, proF~ts, issues and revenuea f~om whatever sc~~•ce derived, eath and every ot wh~cf~, it be~r.g express!y unders~ood, is hereby mor~gaged as if spec~ficaily set lorth and dexribed in Ihe 9raNing and i F.,t~•ndum c;auses herrof, and such Receiver shall have a~l the broad and effective (vr.c!~ons and powers in anywise entrusted by a Court lo a Reteiver, and s_:h appointment sh~ll be made by such Court as a~ ad~ni+ted equiiy and a ma~~er of a6so~ute right to said MORTGAGEE, and without ?efere~ce to Ihe ~ ec'_qu~cy or inadrqvacy of the va;ue of the property mortgaqed or to th.: so:vency or ~nsoivency of said MORiGAGOR or the deFendants, and that such { ~~,rs, profi:s, intome, isaues and reveaues shall be applied by such Receiver accord,rg to the litn a equity o( said MOkTGAGEE and tht'practice of such j `OJft. ~ ! B. To du!y, prompt;y and fully p~rform, dis:ha~ge, eAecute, effect, co~+plete, co:nply w;th and abide by each and every the stipulations, agreements, ~ :cnd:ricns and covenants m sa~d prornissory nete and ~his mortgage set torth. 9. That in t!~e event the ownersh;p of the morlgaged premises, or a~y pa~t thereof, betomes vessed in a perton other than the MORTGAGOR, 1he ~ : ~ RTGAGEE, irs wcccssor: and ass~gns, may, witho~f notice to rhe ldCRiGAOR, dea~ w~:h such successw w successor in iMerest with refcrerxe to thi~ ~ ~:.~rgage ar.d the de~t hereby secured io the same manner as witF. ;roregagor witheut in any way vitiating a d~scharging the Nbttgagori liab+lity hert : .i,,: or ~po~ ~hr debt herely secwed. No sa:e of the premises hereby mortgagrd and no forbearance on the part of the MORTGAGEE w its suctessori ~as~gns and no extension of the time for the pay~. em of the debt here6y secured giveo by the MORTGAGEE or its successws w auigna, ahall op~rate ro re~ease, d~scharge, modify .harge or atfect the or~g,nal liao.f~ty of fhe M,ORTGAGOR herein, either in whole or in pari. 10_ tt is specificaity agreed that Iime is of the essence of th~s contract and ?hat no waiver oi any obGgat~on hereunder w of the obligetan se- cvred t~reby shali at any time thereafrer be netd to be a waiver of the !erms hertof or of the instrument secured herby. i l. In add r:c~ r~ the iorego ~~g month!y paym~nrs oF pr~nc pa1 and imerest requ~:ed by the promtawry no~e secured hereby, mortgagor tovenants r- i agrets ro pay to n:or?gry-ee w,rh each munlhly pa~~ ~ent an add~r~onaS svm es!~•-~ared by mortgagee to be equal to 1/12 of the annual cost of the follow- -7: A-Atl rcal property texrs lev~ea! or assessed ,~ga7r:st the above descri5ed r_al estate. 6-Pram~oms on fire and vc~r.dstorm inwrarce as herein r~qu~.ed to be can~ed erl the improvements situate on thr above described premises_ C-Premiums on such n:ort~age g~aranty insurer:~2 as mortgagee shail fro~r. rme to time deem fit to tarry on the (oan aecured hereby. Mortgagee sha ~ from i~~ne ~o ten:e nor~(y mOrt~a~or in writ:og of the am.ount aue and payable hereunder and such sum shall thcreupon be due and . y~h!e on the due aa~e of rhe r._xe momh:~ payment a~:d each successive montn thereafter ur.til mortgagee shall notify mortgagw of a change in such - ount. Svch wms sha:l '~e ~ppiied by mortgag:,e ioaa-d the payment of real property taxes, i~~surance prem:ums, and mortgage guaranty insurante ~^~.~oms. IN WITP~ESS V/H~REOf, th~~ sa~d MOkTGL~GOR has hereunto set his hand and seal the day and y r first aforesaid. Signed, Sealed and detivered i the presence of: f1LE~ 1~'+!' fi£i~?RDfi - - ;7_ iULlf ~~i1:~7Y fll •n ~ !~J/~ F^-r^ FL TR115 v u _ ~ (Sea4 ~ _ t:f?~C ~i~L1i1~ i~OURT ` ~,n P« ~cr~=~fn~ ~ / _ - _'~GGWtn/~ - ~Sean ~ ~'ATE OF fLORIDA ~~1 ~O ~/V !N/'~~ I ~~~UNiY OF St . Lucie ~ ~~601 ~ Harrison Holbert ~ Before me personally appeared _ a~ G2oria D. Holbert his wife, to me well known a~d known to me to be p individuals described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the p~rrposes ~ r:<_•ein expressed. And the said~___.Gjp.,ria, D. HO~he~'t of the ,a~~ Harrison Holbert upon a sep~rate and priwte ~ »~rnat~on by me taken separate a~d apart from her said husband, acknowledged to and beiore me that aF~e exet~ted said instrument freely and volun- and w+thout any com~uision, consrra,nr, apprehensGq~ v^i of w from her ssid husband. g WITNESS my hand and official seal th;s___ 1 day of Au uSt A. p~q ?S , r s - a ~ Notary P~blic in and the State of F{orida st Large ~ My Commission expires: Retu,n To: : Y rrst fetieral Sa~~in~s d loan Associat,on ~ Of Fort P.erce. R7TA4Y PL~EUC. STRTE o1 FIORlDA ~t LA36E ~ !.Y CO.•.I;Si.^,T~ EXP:GFS IAY. 7. 1911 ,.i Fort Pierce. Flcrida ?fdf~~C~s ~~'ui~KO ~i b:.ptj:u G~ 1ut.uwon .~;};i:tlik',- ~~i • ~ ~ , ~ S ~~i. ~ • ~y ~ :J•,,•'~ ":n•. ~ This Instrument Prepared By RiChdrd K. Kayes i?~~:~-; ~ First Federal Savings 8 Lcan Association e.'"` =°S:;:c... o'•.:~;.~~= ~ of Fort Pierce~ Florida ~ ~ . _ : - L.; i : - - D R o : ~:~::~q ; ~ Checked By ~ ~~2d~ ~~Q~~ y `'*w~ • ~ ~r VtJ1 p'~ ~ ' ; ~ ` ` ~ . ~ ~ # " SA _ - . ~ , . ~ ~ ~ f , ~ ~ i ~ ~ - _ ~ _ _ . ~ _ ,y - _