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 ,
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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
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:J•,,•'~ ":n•.
~ This Instrument Prepared By RiChdrd K. Kayes i?~~:~-;
~ First Federal Savings 8 Lcan Association e.'"`
=°S:;:c... o'•.:~;.~~=
~ of Fort Pierce~ Florida ~ ~ . _ : -
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D R o : ~:~::~q
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~ Checked By ~ ~~2d~ ~~Q~~ y `'*w~ •
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