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HomeMy WebLinkAbout1459 To plan and coetinuoualy keep on th~ buildin~s rww or hereaftK ~itwt~ on said la~d and on all eq~ipmsnt ~nd pNSOn~Uy cov~red by thls mort¢ •p~. with all premi~ms therwn pstd in futl, tiro tosuronc~ ~n the ususl standard policy form, in a wm approv~d by tM MORTGAGEE. and wind~torm • icyur~nce in tM uswl at~ndard polrcy fam, in a sum ~pproved by tM MORTGAGEE, io wch company or compani~s q tht MORTGAGEE may dindt and all fin ~nd w;r+dsrorm insunnce pol+cie~ on ~ny of sak{ buiidir?Os, any inferesf ff~ein or parf tF~veof, in 1he ~gyreyats tum ~for~said or in excess Ihereof, sMll ca+t~in thi. ~rswl standard mortgsyee clauss a iuch othet clavs~ ss 1M Matyagee m~y requir~. makinp tM loas unde. wid polN ciM. each +nd ~very. paYabl~ ro s+id MORTGAGEE ~s ~b interast m~y ~ppcar. and each and every such polity ~hall b~ promptly ~ss:yned and detivarsd ro u~y Mld by aid N10RTGAGEf ss furrher security to sa+d monpsge debt, and, not teu than ten 110) days i~ advance of the expiration of e~ch policy, ro d~ livK to s+id MORiGAGEE • renewal tlxreof, top~thar with a ~eceipt fw the pramiwn of sucl~ renewat; and thcr~ ihall be no firo or windatam inwr~nt~ plaad on u~y of said lwildinys. ~ny interest therein or psrt thereot, unlesa i~ the form end with the loss payabk a~ aforesaid; snd In th~ ewnt ~ny swn of rrqney becon?e~ payabl~ under such policy w policies said MORTGAGEE ihall haw the option ro receive and apply the same on acco~nt of tM i~debted- Mu Ntur~d hereay or ?o petmit ssid NIORTGAGORS to recaivs ~nd ua it ot •ny part tF?ereof fw other purposes, withwt thareb~ waivi~?g o~ ~mpair• inp ~ny equity, lien w right vnder or by v'utve of this mortQaQe; ind in 1M evcnt wid MORTGAGpRS shal~ for any reason tail to keep the said p.emises so inwred, a fail to deliver promptly a~y of said policies of insu?ance to said MORTGAGEE, w fail promptly to pay f~lly any premivm tl+erefor « in any respect f~il b pKfwen, dixharge, execute, effett, complets, compy with and sbide by this cove~ant, w any parf he~eof, said MORiGAGEE m~y pl~ee ~nd pay fw wd~ insuranc~ or any part ihercof without waivinp or ~ffectirg any opYw~, lien, eQuity, o~ right under w by vi~tu~ of this Matya~e, and tM full art~ount of tach ~nd evky tuch payment shall be immediately dve and p+~yable and ihall bear i~terost from tia date thereo( until paid ~t the rah ol ; nine per ctntvm pet annum and togethet wirh suth Inreresr shall be setu.ed by the lien of this rtwrtgsge. 1. To p~rmlt, commit w wffer no waste, 3mpa'ument p deter'aration of said property w any part thereof. S. To p~y all a~+d sinpulu ths costs, charges snd expenaes, including ~ reasonable attwruys fee and costs of abatrads of title, incurred or paid st any time by said MORTGAGEE, because or in the event of 1he failwe on ths part of ~he said MORTGAGOR fo dvly, promptty and fuNy perforr~, d~uha~qe exetvtt, elfect, complets, tomply with a~d ab:de by tach and every the s~ip~lations, agreemenn, conditions, and covcnann of said promissory note and this mor~yape any a ei~her, and sa~d c~ts, chu9es and expenses, each and every, shall be immed~ately dve and payable; whc~her or ewt there be notKe de~ mand, attempt to colled w suit pend~ng; a+~d the fult amount oF each and evrry svch paymenl shal! bea. interost iran the date tMrsof until p~id at ?he rate of n~he per centum per arn,um; and all said cos?s, charges and expensa incurred w paid, ~ogether w~th such interest, aMll be secured by the liee of thN ^+ap+~• 6. That in the event of any brcach of this Mortgage w default on the part of rhe MORTGAGpR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next afte~ the aame severatly bccome dve and payabte, without demand w ~otice, or (rJ in iha event each and every the stipulauons, agreements, conditions and covenants of sa:d p~omiuay note snd th~s mortgage any or eithcr are not iuly, prompNy and fully performed, d~scharged, execured, effected, complered, complied with and ab~ded Sy, then in either or any such event tM said ag gregate wm mentioned i~ said promissory note then remaining unpaid, wi~h interest accrved, and all moneys secured hereby, shall become due and pay~ able iwthwith, a thereafter, at Ilx option of said MORTGAGEf, as fully and completely as ii all of the said sums of money wcre aginally ttiputated to be paid on s~th day, anything in sa;d promiuory note or in this Mortgage to the contra?y notwithstanding; and therevpon or thereafta at tM optio~ of said MORTGAGEE, without notice w demand, svit at law a in eqvity, therefore or thereafier begun, may be prosecuted as if atI moneys aecured hereby had matvred prior to iri instifution. 7. That in tha event that at the beginni~g of or at any time pending any suit upon this Mortgage, w to fwedose it, w to rofo~m it, w to enfwcs payment of any tlaims here~nder, said MORTGAGEE shalt apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwdh sppoint e receivM of said mortgaged prooe~fy a!! and siryular, includmg al~ and ~ingular the income, profits, iuues and revenues f~om whatever sovrce derived, cach and every of whKh, i~ being expressly unders~ood, is he~eby mw~gaged as if specifically ut fath and dexribed i~ the 9rsming and habend~m clauses hereof, and such Receiver shall have all the brwd and efiective funct~ons and powers in a~ywise en?rvsted by a Court !o a Receirer, and such appointment shaU be made by such Covrt as an ad:nitted equ.ty and a matter of absolu~e r~ght ro said MORTGAGEE, and witFwut re(erence to the adeq~acy or inadeqvacy of the val~e oF the propery mwtgaged or to the wwency o? insalvency o1 said MORTGAGOR p the defendants, and that ivch ~ rCen~trs,'' profits, incwne, issves and revenues shaJ! be applied by such Receive? accord~ng to the lien or equity of said MORTGAGEE and the practica of such 8. To duly, promptly and fully perfwm, discharge, execute, effea, complete, comply with snd sbide by each and every the stipulations, ~greeme~n, co~diYqm and covenants in aa~d promissory ~ote and this mwtqage set forth. 9. That in the eveot rhe ownership of the mortgaged prem;ses, or any part fhereof, bccomes vested in a per other than 1F+e MORTGAGpR, tha MORTGAGEE, iri successws and auigns, may, without no~ice to the MORTGAOR, deal with such successw a succes~ in interest with reference to this mwtgs9e and the debt hereby secured in the same ma~ner as with NSor~gagor w;thout in a~y way vitiatiny or discharging the Mo~tgagon' liability here. ~ under o~ upon the debt hereby secu~ed. No sale of the Fremius hereby mortgaged and no forbaarance on the part of tl+e MORTGAGEE q its s~tcesson w auigns and no extension of fhe tEme fw the payment of the deb~ hereby secured given by tF?e TGAGEf or its successws or au~gns, afiall operate ro retease, discharye. modify chanpe w affect ~he o?ginal l;abil;ty of tFx MORTGAGOR herei~ei in whole or in put. 10. Ir is specifically ~greed that time is of the esxnce of this c+ract a~d t of any obligation hereunder or of the obligaYan se- cured hereby shall at any time tMereafter be held to be a waivev of the te~ hereg~ ~1• ~rument secured herby. 11_ In add~tio~ to the faego:ng monthly payments of pri~c'p 1 a er e~by the prom~ssory note setured hereby, mortgagor covenants and agrees to pay to mo: tgagee with each monthly payment an ad a~ mprtgagee to be equal to 1% 12 of the annual cost of tFx follow- '"g: ~ ~p111?• ~p~ A-All real property tazes levied or assessed again • e ,~R~ B-Premiums on fire and windstorm insurar,ce ~r o{~ arri~ improveme~ts si on the above described {xemises. ~ G-Premiums on such mortqage guaranty ir.sura r 3h (lif~rn~t~ t time deem ' carry o~ the loan secured hereby. Mwtgsgee shail from time to time notily mwtga o ~r ~y am~'~e and p e~i~der and such sum shall thereupon be due and Fayable on th¢ due date of the next month:y payment ~ea ~es ' e"(1~ a tgagee shaft notify mortgagor oi a change in svch amount. Such sums sh.a)1 be applied by mwrgagee rowar~th~y tax , nsurance prem;ums, ai~d mwtgage guaranty insurance premiums. F , i • IN WITNESS WHfREOf, the sa~d MORTGAGOR has h~uwo xt h' nd seal the day and yea~ first afwcsaid. Sgned, Sealed and defivered in the presence of: ~ ~ ~ ~ c ~ q ~ cs~.n - ~-n STATE OF FlOR1DA ~ COUNTY OF S t_ i_ Lr i n ~ befa~ me penonally appeared R• J. Griffith, A Sinqle Adult -.~w~ fi'+s w~ite, to me weU known and known to me to be tha individwA~ described in and ~,,,ho executed the fare9any instrument, and scknowtedged before me that ~the7 executed the same for the purposes fhc?ein expressed. -A~d-tlw-s~;a - wiir~f-fl~?-~air .~r'w.a.a~yut~.~a~ptittW exsns~na*e~-Vy-n~t~4ew a~p~rat~ ~.aparti~oa~6ec. ~aidJti+st+ard~aclcnovdedpt~L~II'rRf~!!l~bR~we-t~?a~ she-ew~nMod-wd +rotr++aw~i La~ty_aed ~rolutt - hril~ ~rid~ w~iiaA ~w~.-e~w~'u{a~ <~rrrNiw~. +PPseb~na;o~p-f~ac ~i a f~.hLS~id busJ~aod, WITNESS my Mrd and offic~al seal this 'o~ V~~~ ~y o{ Jt1Tle , :l~ Q. 1' 64 Notsry Pvblic in and fw t~~ •fbrida`~t larq~~i,' . Return Ta MY Cortrr?ission e:pires: /1 -,3; lf~.~ ~ ~nt Federal Savin~s e~ tA.~, Au«;a~;~ F1LED AND RECOROED ' " r~~~ ST. WCIE CQUNTY F ` . ~ C. : - Of Fort P~erce. N ~ . ~A. - ~ ~ . ~ r~~~ Fort Pierce. f Iwide • ~ : V ~ ) = ~ ~ ~ : • i~ 1800U5 ~ '69 ~~"1 30 PM ~Z ; 26 This Instrument Prepared By Richard K. Kayes - . First Federal Sav;ngs b loan Association ~ of Fort Pierce , F lozida 7`; ~~~t ~ ~ CLERK CIRCUlT COURT Checked By ' - - 8o~i~'8 ~~i458 - ~ , _ ' : _x,~ , : .