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HomeMy WebLinkAbout1767 . " S ~ , 3. To plact +nd continuously keep on tha b~i!d~ngs now a hereafte~ situat~ on said land and on all equipment and personally coverad by this mort~ ~ ags, with all premiums Ihe~con pa~d in full, tirs insvrance in the us~al standard policy form, in a sum approved by tha MORiGAGEF, and windstwm ~~iura~ce tn the usual ttsndard pol~cy form, in a sum approved by the MORTGAGEE, in tuch company w companies as ths MORTGAGEE nuy ~ direttp and all (ire and windstorm insurante polities on ~ny of ssid build~~gs, ~~y interest Ihetein or pa?t thereof, in Ihs aggregate s~m afaessid ot In extess lhereof, shall contain the usual ~fandard mortgagee ctsuse or suth other clavss si Ihe Maigagee may require, makin9 the lou unde~ sa~d poli~ ~ cief, cach and evNy, payable to said MORTGAGEE as its inlereit may appear, and each aod every such poticy shall be promptly au gned aBd de~ivered ro any heW by ~aid MORTGAGEE as funher security to said mortgage debt, and, not leu than ten (IO) days i~ advance of the expirat7on o1 each polity. to da liver fo said MORTGAGEE a renewal fhereof, togerha~ wilh a receipt for the premium oi tuch renewal; a~d ihere shall be no f~re o~ windsto~m insu~ants placed on a~y of said buildingi, any inferest Iherein or pa~t thereof, unless in the form and with the loss payable as afweuid; and in the event any sum of enoney becpnes payable under such policy o~ policias uid MORTGAGEE shall have the opf~on to ~ece;ve and apply the sama on zccount of the indebted- ness secu?ed hercby w fo pcrmil said MORTGAGORS to rKeiva and use it or any part thereo( fo~ o:ner purEwses, ~vithout th_~io/ wai~ing or unpair- ing any equity, lie~ or ~ight under or by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall for any reasw~ fail to keep the said p~emisrs so ~~sured, or fai) to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium the~efor w in any ~espec~ fail to perfwm, discharge, execute, ef(ect, complete, comply wi~h a~d ab~de by this covenant, a any part hereof, said MORTGAGEE may place ~nd pay fa such insurance or any part thereof without waiving u affecring any option, Iien, equ~ty, or ri~bf under a by virtue of this Ma~9age, a~d the full amount of each and every such paymeM shall be immediately due and payable and sball bear interest irom Ihe date thereof until paid ~t the rata ol j nine per centum per an~um and to~ether with such interest shall be secured by the iien of fhis mortgage. ' 1. To pe?mit, commit or suffer no waste, impairment w dete~ioration of said property or any po~l the~eof. 5. Tu pay atl and sirgutar the costs, charges and expenses, including a?easonable attorney i fee and costs of abstracts of title, incurred or paid st any time by said MORiC,AGEE, becavse w in the event of the failure on the part of ~he said MORiGAGOR to duly, promptly snd fu11y perform, d~xharge, ~ ezecute, effect, complete, comply w~th and ab;de by eath and every the stipuia~~ons, agreemcnts, cond7tions, a~ covenants of said promissory note and thii ~ morrgage sny w ei~her, and sa;d costs, charges ancl expenses, each a~d every, shall be immed~ately due and payable; whether or not tl~ere be not;ce de~ mand, attempt to collect w suit pend~ng; arxl the full amount of each and every such payment shall bear interes~ irom ~he date thercof untit paid at the ~ rate of nine per tentum per am~u~s; an~+ atl said costs, tharges a~ expenses intvired a paid, toge~her w~~h suth interest, shall be secured by the lien oi this mortgage. ~ 6. Thaf (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of mo~ey herein referred to be not promptly and fully paid within thirty (30J days ncxt alter the same seve~ally become due and payable, without demand or notice, ~ or {cj in the event each and every the sfipulations, agreements, condiiions and covenants of sa:d promisso~y note and th~s mortgage any w either are ool ~uly, promptly and fully performed, d~xharged, executed, effected, compteted, compl~ed wi~h and abided ~y, then in either or a~y svch event tl~e said sg- ~ greqate sum mentioned in aaid promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due aod pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully ard completely as ii all of the sa~d sums of money were a~ginally st~pulated to be paid on such day, anything in said promissory note or in this Matgage to 1he contrary notwithstanding; and thereupon or thereafter at the optio~ of seid MORTCaAGEE, witho~t notice or demand, suit at law or in equity, therefwe or thereaitet bsgun, may be prosetuted as if all moneys secured hertby had tnatured pnw to its institutian. 7. That in the event that at tFro beginning of or at aoy time pe~dinq any suit vpon this Morfgage, a to foreclose it, or to refwm it, o? to enforce payment of any claims he.eunder, said MORTGAGEE shall appty to the Covrt having jurisdrc~ion thereof for the appo~ntment of a Receiver, such Court shall ~ For~hwith appoint a receiver of said mortgaged prooerty all and singular, inclvd~ng all and singutar the into~ie, p~of~ts, issues and revenues from whatever ! source~de~ived, each and every of wh~ch, it being expressly ~nderstood, is hereby mo.tgaged as if s~ufically set forth and desuibed in the granting and habendum clauses he?eof, and such Receiver shall have aIl the broad and effective funct~ons and powers in anywise entrusted by a Courl to a Receiver, and such appointment shall be made by such Court as an admirted equity and a matter of absolu?e r;ghf 1o said MORTGAGEE, and without re(erence to the adequacy w inadequacy oi the value of the property mpngaged or to the sorvency w insolvency of said MORiGAGOR w the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to ~he tien ot equity of said MORTGAGEE and the pracfice of such Court. _ 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stip~lations, agreements, condiYwns and covenams in sa~d promissory note and this mortgage set fwth. 9. That in the event the ow~ership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORiGAGOR, ths , MOR~GAGEE, its svcceuws and assigns, may, wifhout ~o~;ce to the MORTGAOR, deat with such succeuor or successor in interest with reference to this mortgage and the debt hereby secured in the ssme manner as with hlortgagor w~thout in any way vitiating pr dischargiry the Mortgagors' liability 1?era under w upon the debt hereuy secured. No sale of the F~emFSes hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its successon or assigns and no extension of the time for the payment of the debt hercby secured give~ by the MORTGAGE~ or its successws w assigns, a1w11 operate to release, dixharge, modify change or affect the original lia6i{~ty of the MORiGAGOR herein, either in whole or in part. 10. It is specificalty agreed that fime is of the essence of th~s conrracr and that no waiver of aoy oblFgation hereundei o~ of fhe obligalion se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. n add:tion to the forego'~g monthly payments of princ'pal and inte~est required by the promissory no!e secured hereby, mortgagar ~tjt~naMs and agrees ro pay ee vvith each monthly pay~~zent an add~riona( sum estimated by mortgagee to be equal to 1/ 12 of the annua t'af fiie fol~ow,_ ~ng: A-All real property taxrs levied or assessed agai~st t_ cribed real e B-Prem~u~ns on iire and windstorm insurance as herein requ~r carri oveme~ts situate on the above described premises. C-Premi~~ns on such mwtgage guaranty insur mortgagee shalt from t~me to ti~ne deem it the loan secured hereby. Matgagee shait lrom ti~ne to " ~ y mortgago~ in w~iting of the amount due and payable hereundrr and such su eu n be due and t Fayable on the due da e next month!y payment and each successive month thereaher ur.til mortgagee shall not;fy mortgagor of a c uch ` amount. ms sh.a?! be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ums. tN WITNE55 WHER~Of, the said MORTGAGOR has hereunto set his hand and seal the day and year first afpresaid. Signe Sealed an delivered in )he presence of: • ~ ~ ~ , a~ - (Sean ~ ~sNn STATE OF FLORIDA COUNTY OF ~ • ~CIE ~ ~ eefore me nonall appeartd Roy A, Griffith s~ Ec~ith ~riffith his wife, to me well known ar~d known to me to be rhe ind;vicluals deuribed in and who executed the forego; instrument, and adcnowledged before me that they executed the same fw tF~e purposes rhe?e~n expressed. And t}ro said Edith ~Griffith wife of the said 7r RO A. Grlffith opon a sepuate and privat~ ` examinatan by me taken separate and apart from her sa'~d husband, sckrawledged to and before me that she executed said instrument free(y snd volun- rarily and withovt any compulsion, constraint, apprehention w fear of or from her said ~usband. WITNESS my hand and official seal this ~ S~ day of February A~ 19 69 FILEO AND RECOnv° ~D`y~~~'~ e~"`~y , ~ _ $T. LUCrE ~ COUNTY F Notsry Public in and tor the State of ~Fbr3da at l.u~e Return To: ~F , n ~ L~• My Commission expires: ~R ~ _ ~ Qn rERt, r~p ? . - ` firat Federal Savi~gs 3 loan Assotiation 4 ~IOTAR? r118L! ~ ~ ` ` Of Fort P~erce_ MY COMAA~$$ OhTFY~,°F~~d~°~ ~r uasf~ : ; Fort Pierce. Florida ~~g FfB ~ONDED ~HROppr/ ?R~v ~ o~~rt~~ 97} p i~~~~ ~ • ' ` ~ This Instrument Pre ared B A r a~t~:+S P y ~RK CIRCUIT COURT First Federal Savings 8~ Loan Associa ' of Fort Pierce Checked By John W. Collina F- BOOK1~5 YAGE~~64 ~ ~ r ~ j_~ - . g ,~:~~v