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HomeMy WebLinkAbout2790 3. To p~ace and continuo~sly keep on the bui:d~ngs noN or I~ereeiter ~~t~ate on ss~d ~and and on al; equ~~ment and personally covered by th~s ma age, with all premi~ms thrreon pa:d in full, lire inwrancr in th~ us~al sto~n~ard policy lorm, in a sum aHpro+ed by the MUk~GAGEE, and windsto lnsurante in the usuat s~andard poLCy form, in a sum app~or~d Ly tha MORiGA(iEE, in wch ca~r.pany or to~npames as the MORTGAGEE m d~rec~; and all tire and w~ndstorm insutance po!~c~es on any of sa~d tw~'d~nqs, any interest therein or pa~t thereof, in ~he agg~egate sum aforesaid in eacess thereof, shall ;oma~n the ~s~al standard mongs9ee clause or such other clause as the Mortgagee may requ~ro, ma?ing Iha ioss u~der s.+~d po c~es, each snd e~ery, paya5!e to said A10RTGAGEE as ~ts im.rest niay appear, and .ach and every suth po~~c/ shall tx promptly ass gned a~~d delivered ~ any held by said MOR(GAGEE as (urther s:curity to sa~d morigage debt, and, not less ~han te~ (101 days in ad+ance of ~he axpiral~on of each polity, to d~ I~ver to said MORiGAGEE a renewa~ ~hereof, togethar wlih a rece~pt lor the premlum of wch renewal; and thrre shall be no f~re or w~~~ds~o~m insu~a~t placed on any of said build~ngs, any im~iest thero;n or ~,art the~eof, u:~!ess in the fam and w~th the loss payabte as aforeaaid; and in ~he event any sun of money betomes payable under wch policy o~ polic;es said MORTGAGEE shall have ihe oF,t~on to recw••e ond app'y the same on account of the i~~dabted 4 ness sewred hareby o~ to pe~mlt aafd ~dORTGAGORS to rece~ve and vse i? w any p~{t thrreof tor o~n•,r p~rr~cs~s, .,;~ho.:t th o~ w.:i+~ ~3 0~ ~~~~P~~~ ~ ~ng any equity, lien o~ r~ght under or by virtue of this mo:'gage; and in the event sa'd MO~2TGAGORS shall tor any reaso~ iail lo krep the sald prem~sr~ so ~ Insured, o~ fai{ to deliver promptly any of said pol~cies of insuraixe to sa~d MORTGAGEE, or f~it promptly to pay twly any ~r~~n~u~n the~elor or in a~y reiped fail to perform, discharge, execute, effect, comptetr, tomply wiih and abide by thls coven3nt, or any part hartoi, s~~d MURTGAGEE may piace a~~d ~ pay for such insurance or any part thareof w~thout waiving or affecting any op~~.xi, lien, equ~ty, or ngh~ under or by virwe of this hlortgage, and the f~,ll amo~M of each and every such payment ahall be immed~ateiy due and payable and shall bear interes~ from tho date thercof until paid a~ the ra~e ol ~ n~ne per cenwm per annum and to~eiher wi~h wch inmresr shal~ be sxured by the tien of this mortgage. 1. To permit, commie or su(fer no waste, impo~rmenf or ~eter+oratio~ of said property or any part thereof. ~ 5. To pay all and singular the costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abstracts of title, incurred or paid at ~ .ny ti~r.e by said MORIGAGEE, because or in the evrnt of the fa~lure on the pari of ~he said MORTGAGOR to duly, promptly and fully perform, d~xha~ge. _¦ec~te, ef(ec~, tomp:ete, tomply wuh and ab.de by each and every the stipvlat~ons, agree~nents, condiuons, and covenants of said p~anissory note and this ~:ortgage any o~ either, and sa:d costs, charges and expenses, each and every, shal? be immed~atety due and payable; wheTher w not thare be no~ice dr mand, attempt to tOllecl or suit pend~ng; and the ful! amount of eath and every svch payment shall bear interest from Ihe date thereof until paid a1 the r. re o~ nine per crnt~m pcr annum; and aii sa~d costs, cha~gts and rx~enses ~ncur.ed or paid, ~ogether w~th such interest, shall be secured by the lien o( thi~ mcrtgage. 6. That (a) in the event of any b~each of this Mortgage o~ default on the par~ 04 the MORiGAGOR, or (b) ~n the evenf any of sa;d sums of mo~ey herein referred ~o oe not promptly ar.d fu~ly paid ~vitt,in thury (30) days neit arrer the same severa!ty become due and payable, withaut demand or not~te, o; ;c) in thr event each and every the stip~lations, agreements, cond~:~ons and covenanrs of sa d promissory note and th~s mortgage any or e~ther are not iu1y, promptly and ful{y performed, d:stharged, executed, effected, compteted, compl~ed with and abided 5y, then in e~ther a any suth evero ~he said ag~ ~•agate sum memioned in said promissory note then re~naining unpaid, wirh intr~e,t acuuzd, and a~l moneys secured hereby, shall becomr dve and pay- en.a forthwith, or therealrer, at the option of sa~d :~10RSGAGEE, as fully and compleie~y as i( all of the said sums of money were ong~nally stipulated to be pa~d on such d:.y, anything in sa:d pro:n~ssory not~ or in th~s Mortgage to the con~rary not,ivi~hstanding; and thereupon ot theceafter at ~he optbn of r.;~d MORTGAGEE, withou~ notice or demand, suit at taw oi in eq~~ty, theiefore or thereairer begv~, may be prosecuted as if all moneys fecured hereby n_d matured pnor Io es instii~tion. 7. That in the event that at the beginn~ng of w at any time pending any su~t upon this Mortgage, or !o foreclose it, or to reform it, or to enforce ; arment oi any claims he~eunder, said MORTGAGEE sha.! appty to the Courf having ~unsd~ction therrof fo+ the appolntment oi a Receiver, such Court shall f~r+hwith appoiM a receiver of said mortgaged p~op~:rty a(1 and s~~gutar, includ,ng ai~ and singular the ir.come, p~of~ts, isaues and revenues (rom whatever s~u-ce deiived, each and every of wh~ch, it being eapress!y undersroo~. is hereby moregaged as if spec~iically set forth and dexnbed in the granting and h:;bendum dauses l+ereo4, and such Receiver sha:l have a{I the b.oad and efiettive funcl.ons and po.vers in anywise entrusted by a Co~rt to a Receiver, and s~ch appointme~v shalt be made by wch Coirt as an admltt,~ eq~ity and a maner of absol~te sight to said MORTGAGEE, and without ~eierence to the ad~quacy w inadequacy of the value of the property mortg~ed or to the so.vency or ~nso~vency of said MORiGAGOR or the defendants, and that such ~-,rs, profin, incane, issues and revenues shaH be app;~ed by such Receiver accord~ng to the lien w equify of said MORTGAGEE and the prauice of such Court. 8. To duly, promptly and ful!y perform, d~scharge, execute, effect, complete, comp~y with and abide by each and eve~y the stipulations, agreements, :onditions and covenants m sa~a promissory note and th~s mortgage set forth. 9. That in the event the ownersh~p of the mortgag~ pren,~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the .^ORTGAGEE, its successws and ass~gns, may, wirhout not~ce to the MORTGAOR, deal w~ih such successor or successor in interest with reference to this ~ ^ rtgage and the debt hereby secured in the same manner as wrth blertgagor w~thout in any way vit:ating or d~scha.ging the 1Jlortgagors' iiability bere- ~~~der or upon the debt hereby secured. No sa!e of the Frem~ses hereby mortyagrd ar.d no forbearance on the part of the I~10R7GAGEE w its successors o~ ess~gns and no exeens~on of the fime for the paym.ent of the debt he.etiy secured given by the MORTGAGEE or its successws or assigns, a~iall operate io re!ease, discharge, modify change or affect the original liau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speuf~cally agreed that time is of the essence of this contract and that no waiver of any ob~igauon hereunder w of ihe obligation sr cvred hereby shali at any time thereafter be held to be a waiver of the terms hereoi or of the instrument secured herby. 1!. In add t~o~ to tF.e iorego'nq ~.~omh~y payments of princ Yal and i~iterest requ~red by the prom'ssory note se,uied hereb~, mortgagar eovenants d agr~es to pay to mortgagee with each monrh:y payr•ie~t an add~~~onal s~m esrn:;ted by mortgagee to be equal to 1,' 12 oi the annua~ cost of the follow- ~ ~3. 1 ~ A-At~ reat property taxes ievic~ or assess_~d ag.~i•~st th~ above described r_al estate. ' ~ i B-Pram~ums o~ fire and windstonn insurarte as nere~n rcg•.~red to be carried cn the improverr.e~ts s~tuate on the above destribed premises. ~ C-Pre~niurt~s on svch mortg~ge guaranty ir.s~rai,ce as mortgogee shall frcm t me to time deem fit to tarry on the loan secured heraby. ~ Mortgagee sha~l from time to r~me ncrrfy mcrtyag~r ~r wnt~ng of the a^:ouot due ~nd payabfe hereundrr and such s~m shall thereupon be du~ and ; : ~.able on tha du> date of the nezt month:y payment and each successive month thereah~r ~r.tii mortgagee shall not~fy mortgagor of a change in such ount. Such sums s6alf be app:~ed by mortgagee tov.ard the payment of real prepe~ty taxes, insurence prem:ums, and mortgage guaranty insurance " .~~~e~niumi. - IN Y~ITNE55 :YHEREOF, the sa~d f.10RTGAGOR has hereunto set his hand and seal the day and year first aforesaid. e g Signed, Sealed and dalivered in the presence of: ` ~ ~ ~61'l.~~" g _ al) ~ ~-e~ c- L:- c.....~ - . Donald B. Grif cseaq ~ ~ - - ~ a . r c~an ~ g - (Seaq ~ ~ ;;ATE OF fIORIDA ~ ~ S5. ~ ~JUNTY OF Sti. I~1C~ I s ~ Be~we me petsonally appeared Donald B. Griffin ~ a~ ~ ~ Anna L. Griff3n his wife, to me well know~ and known to me to be i ~ rhe individuals described in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the a3me fw the purposes ~ ~ rhe.ein expressed. And the said ~I1I13 Ls Gr~~n ; ? :-{e of the said Donald B. Griffin vpon a sepatste and private ~ ~ ~=am~nat]on by me taken separate and apa~t from her said husband, acknowledged to and before me that she executed said inltrwnenl Kee1y and votvo- 'a•~ly and w~thout any computsion, constraint, apprehens~o , or~ fear of or from her said husband. qq WITNESS my hand and official seal this_ ~~T_ _ day of_ • ~~h A. D. 19 ~ e _ r ~ , ~ t~~-~lxE• c~~bc'z ~ Notary Publit in and for the State o1 Flwida at l~As ; - My Commission expires: ~ Ret~m Te: j i L~' First Federal Savings 3 loan Association / ~ 3 ~ 7~ ~ Of Fort P:erte. / Fort Pi•~rce, Florida ~i ~ ~ROCE1t ~WT~AS~ ~ r~ CIERt CIdCI~T ~AT'~ ~ ';'h This Instrument Prepared By E• B~'a1II'1 R=CQ~~ YER~f~~fl~~ First Federal Savings 8 Loan Association pu ' of Fcrt Pierce ~ Florida i rl - ~ - Checked By 2•~C52?y t:3 I~rV ~ n BOOK ~~0 PAGf ~~~~7 ~ _ ~ = ls ' ~4 _ . _ _ : rd' R ~ ~ , _ - , , . _ . ~ . . , _ _