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HomeMy WebLinkAbout2220~ ;Pay ~ t.~, P~t~pt vt. ~. To olsce snd cennnvously keep on the 1,v:;Ji~n}s r.='+r or heresfler`situete on uitl land and on all tquipmant end personeih; covered by the n:ortp~ age, with all premiums thereon paid in full, fire inwranu . r the uwal standard licy fotrm,c`h •company~or eeompatn eshSssRl eGEMORTGAGEE s'mey insuranu in the usual Nandard policy Corm, In a corn ~.pproved by the MORTGAGES, direct; end all firs ar.d windstorm Insurance policies on 1snY. of said )avildings, any [nterest thereon or oar+ thereof, In the aggregate sum •foressid or in excess thereof, shall coptsin th• usual standard mortgage• clause or wech ~ d reach sndseveeyM~'h tt>Ot ~Y shalletx,rprornptlygass goads and derv eed to ties, each and every, Fayabis to sold MORTGAGEE as its intersH may sPPe !k to dr any hold by said MORTGAGEE es further srcvrity to uid mortgsgddabt, and, not less than ten (10) days in advanp of the •xpiraticn of each po y, li. er to said MORTGAGEE s renewal thereof, togsthsr wi'h a receipt for the premium of such ranav»I; and there shall be rso irre or windstorm inwrence placed on any of said buildings, any interest therein or pert thereof, unless in the form and w,t4 the loss sayable rs aforesaid; and in the event any sun, of money becomes pay'ab:a under such policy w Folictes~said MORTGAGEE shaC have,r~tFcr1eof forevtherandraj?e131 twatF.ome h account,of t,aUir,debV3d~ P p neu ucvred hereby or to permit aid MORTGAGORS to receha and ua It of any p ing any equity, lien or right under Or by virtue of this mortgagee and in the went aid MORTGAGORS sheG for any reason foil to keep the said pr?mites so insured, or tail to deliver promptly any of said policies of invusnce to aid MORTGAGEE, or foil promptly to pay fully any premium therefor or in any respect fail to perform, discharge, execv!s, affect, complete, contatfectiith .nd o ~ortblien,segvityior ~ight under orrebe~,vadeMO Rd,is hlortgagePand the pay for such insurance or any pert thereof without welvirsg q n9 Y P full amount of each and every such payment shall be immediately due and payable end shell bear intereU from the date thereof until paid at the rate of nine per centum per annum and together wish such interest shall be secured by 1M lien of this mortgage. •. To permit, commit w suffer no waste, imFairment or deterioration of said property or any part thereof. 5. To pay ell and singular the costs, charges end expenses, including s reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or In the event of the failure on the part of the said MORTGAGOR to duly, promptly end Tully perform, discharge. execute, effect, complete, comply with end ebida by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said torts, charger and expenses, oath and eery, shall be immediately due and payable; whether or not there be notice de nand, anempt to collect or wit pending; and the full amount of each and every wch payment shell bee. inseresr horn the mate thereof until paid et the rat. of nine per centum par annum; and ell said coUt, charges end expenses incurred or paid, together wdh tvch interact, shall be secured by the lien of this mortgage. 6. That (s) in the ,vent of any breach of this Mortgsgs or defaJit on the part of the MORTGAGOk, or !b) in the event any of said rums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) in the event each and every the nipulations, agreements, conditions and covenants of said promissory note and This mortgage any or either are not duly, promptly and fully performed, d,scharged, executed, effected, completed, Complied with and abided by. then in either or any such event the said ag gregata sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due any pay able forthwith, or thereafter, et the option of said MORTGAGEE, ss fully end completely at if all of the said sums of money were or~ginsliy tt~pvlated to be paid on such day, S}tything in said promissory note or In this Mortgage to the contrary notwithstandi beanrosecu ed ass f ellem nteys~sec Qedphereby said MORTGAGEE, avithout notice er demand, suit at law or in equity, therefore or thereafter begun, may p had matured prior to its institution. 7. That in the event that at the beginning of or et ePy ti to 1 ~~~ogrtaheving jupr~dic~ onhthercof fo~the sego n/ment of a Rece~ver, tsu h Cov t shall payment of any claims hereunder, said MORTGAGEE shall a ply forthwith appoint a receiver o} said mortgaged property ell and tingulu, inclyd~ng all and singular the income, profits, Tawas and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged et if specifically set forth and described in the granting end habendum clauses hereof. and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said h10RTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the so!vercY or ir.:alvercy of said MORTGAGOR or the defendams, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of wch Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with end al6ide by oath and every the stipulations, agretmen s, conditions and rovenants in said promissory note and this mortgage set forth. 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 h10RTGAGEE, its successors end assigns, may, without notice to the MORTGAOR, deal with such tuccessw or successor ir, interest with reference to this rrc-tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- unler or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the lima for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shell operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herei•s, elttssr in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the term- hereof or of the instrumen' secured herby. i 1. In addition to the foregoing monthly payments of print pal and interest required by the prom•ssory note secured hereby, mortgayor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the foiiow- ing: A-All real property taxer levied or assessed against the above described real estate. i;-Premiums on fire and windstorm insurance at herein required .o be carried on thet'maPrd°Bemefitstotcarr ontthe Ion secured hereby tses. C-Premiums on such mortgage guaranty insurance es mortgagee shall from time to Y Mortgagee shall from time to time notify mortgagor in writing of the an•ovnt due er:d payable hereunder and such sum shall thereupon be due and payab'.e on the due date of the nett n'mortyepee towarddtheapaymentsof realo propertya ttaxes,nti wrarngceg preen vms~tandm o9tgageoguarantygeinsurance amount. Such sums shall be applied by g 9 premiums. _-~ .,_., t:..r afnr..,,id_ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto tat his hand and seal the day d, al and del' e d In the presence of: ~ - -- STATE OF FLORIDA ~ ~ COUNTY OF 1 4 wife and o Zf Cr1 hb4 and `rPrna K Cribbs, r. ISefwe me pertona,ly appeared t2a1D~ F r'.ribbs Arid _ °f' R~ eribas his wife, to me v+ell known end known to mo to be ar~ar-- .. the individuals described In end who s:.ecuted the forsgoinp instrument, and acknowlsd9ed before me that they executsdGt^h~{imlBa for thhiV sS __ ,. .,__ts_t~.. ,.,.,,T lJlnnnnrP.t: R. Cribbs,~ therein expressed. And the salr~ "~~ ass 3ra]St4Cof the said TAO LL_ ('Y'~b `t examination by ma taken aparrte and apart fr tcrily and without any compulsion, constraint, i WITNESS my hand and official seal this_ Roturn To: Flnt Federal SavlnQs b Loan Association Of Fort Pierce. Fort Pierce, Florida ~l.ED AND R~Q~~D~aO~ Irt r :47 1962 DEC ~ ~ ~-~ 11 ROGER Sj, LUCIL - - - upon a sepvaH •rtd private husband ecknowl , ed to and before ms that executed said instrument freely and volun- or fear of or f,om~td hwbar>ds J ~ p, 19~ {~_ day of Notary Publ in and for 1M Mats of Fbrida at Largo MY Commission expires: Notary Public, State of Florida at Large My Comm ss'on Expires Larch 11, 1905 Bonded br Amer can Surety Cc. of N. Y. pQ1`f P,ASr ~',I_ERK COIJNt'(t F~ ~~~~ .,.; t: ',. ~ ~r;.. ~~',~, . ;,i!! . 1< ` ``sss a tau s+t rr a yrr. ~ . ~,~ ~~ .'fit e r ~ Y ~w.~~ ~ ~r - . t ~~~: ;, '4~ t :~.,t g ~: ~~ --. - ~rrtttttattt~ --- ` - l~ ~ f;.