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HomeMy WebLinkAbout2501 3. To place and c~ntinuously keep on the bui!d~ngs ~ow o~ he~eaitN fifust~ on said ~ar+d a~d on a~t equipment and penonally tovered by this ~no~ sge, w~~h all p~em~uma thereon pa~d ~n fult, fire insurance ~n ~he usual i~andard policy iorm, in s sum approved by ~he MOR+GAGEE, and winds~o insurance in the usual s~andard pol,cy form, in a sum approved by the MORTGAGEE, in ~uch tanpany or tompaniea as Ihe MORTGAGEE m d~~eu; and all iire a~d w~ndsTOrm insurance poGc;es o~ any of said build~ngs, aoy inleresf therein or pan thereol, ie the aggrega+e tum aforesa~d in excess the~eof, shall :ontain the usual standard morigagee clause w such other ctsuse as the Mortgagee may reqwrs, makir~ tho ~oss undrr sa~d po c;es, each and every, payaD!e to said ~10RiGAGEE as its intere~t msy appea?, and each and every such po~icy shall be promp?ly ats gned and de=ive~ed ~ any held by satd MQRiGAG~E as (urrhav security to said mortgage debt, and, not less than ten (10) days in advance ol the ezpiration of each pol~cy, to d~ I;ve~ to said MORiGAGEE a re~ewal thereof, together with a receipt lo~ the premium of such renewal; and the~e shall be no f~re o~ windstofm insuranc placed on any oi said buildings, any interest t6erein o~ pa~t ihereof, untess in the form end with the toss payable as alo~esaid; and in the event any sun 01 money becomes payabte unde~ s~ch poticy or policies said MORTGAGEE shall have ~he opUon to rece~ve and apNty the wme on account of the indebtrd ness sec~red h.;rNby or to permit said MORTGAGORS to ret~ive and use il ot any pan thrreof fur o;i,.•~ purF osrs, ~•.~~no,;t th=.~ o~ .vai~i.~~ or unpair ing any equity, lien or righr under or by v+rtue of this mo:!gage; and in the evenl uid MORTGAGORS shatl for any reason fail to keep 1he said premiscs s0 i~swed, or fail to deliver promptly any of said pol~ties o( insuiance to sa~d MORTGAGEE, ot iail promptly 1o pay tuVly any pre~iiium theretor or in any respect lail to perform, d~s.harge, execWe, e~fec~, compfeta, comp(y w;rh and abide 6y this covenanr, o~ any part hereof, sa~d MORTGAGEE may place a•.d pay for such insurance or any part thereof w~thout waiving or affecling any option, lien, equity, or ri~ht under w by virtue o) this Mwtgage, and the 1u11 arnount of eacfi and e.e~y such payment shall be immediately due and payable and shall bear ~nterest from the date thereoF until paid aT the ratQ ot n~ne per cen~vm per annum and to~ether with such interest shali be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairment a deterioration of said property or any part thereof. 5. To pay all and singutar the costs, charges and expenses, including a reasonable attorney i tee and costs of abstracts of title, incurred or paid a~ any time by said MORTGAG~E, becaus~ w in the event of ihe fa~lure on fhe par~ of the satd MORTGAGOR to duly, pranptly and fu11y perform, d~scharge, ~xeeuee, etfect, canplrre, co~nply w~th and ab:de by each and every the stipuiahons, agreements, cond~tlons, and covena~rs of sa~d promissory note and this .~~orrgage any or eiihe~, and sa,d costs, charges and expenses, each and avery, shall be immediately due and payable; whether or not there be ~otice dr n,and, atte~npt to cottect or suit pend~ng; and the fufl aenounf ot each and every such paymenl sha(1 bear interest from the date thereof until paid al the r,,re of nine ~r ~rn:um Fxr anru:n; ar.d a{~ said costs, charges and expenses inturred or paid, togelhet w~th s~ch interest, shall be secuted by the lien oS thu mortgage. 6. Tha~ (a) in the event of any breach oi this Mortgage or defaulr on the part of the N10RTGAGOR, or ;b) in the eve~t any of sa:d sums of money here~n refer~ed to be ~ot promptly and fully paid within 4hirty ~30) days next after the same severa!ty become due and payable, without demand or notice, or (d in the event each and eYery ~he s~iputatlons, agreements, conditions and covenants of sa;d pro~iissory note and th~s morfgage any or either are no~ ~~ty, p~o~nptly and fully performed, d:sct~arged, execufed, effected, completed, complied with and abided 5y, then in ei~her w any such event the sa~d ag- ~regata sum mentioned in said p~omissory nott then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay ao:e forfhwith, o~ thereafter, at the opnon ot said MORiGAGfE, as fuNy and completely as i( all of the sald sums of money were onginaily at~pu;ated ro be pa~d o~~ such dcy, anything in sa.d prom~ssory note or in this Mortgage to the tonfrary notwithstanding; and ~hereupon or thereafter at the option of s~;d MORTGAGEE, without nouce o~ demand, suit at law or in equity, therefore o? thereafter begun, may be prosecuted as if aN moneys secured he~eby n~d mat~red pnw to As institunon. 7. That in the event that at the beginning of ot at any time pendinq any suit upon fhis Mort9age, or to foreclose it, or to reform it, or to enforce Fayment oi any clai~ns he~eunder, said MORTGAGEE shall apply to the Court having ~urisd;ct~on thereof for ~he appointme~l of a Receiver, zuch Court shal) F;;rrhwirh appoinf a receive~ of sa~d mortgaged property aU and singular, indud~ng ail and sinyular the income, pro!lts, issves a~d revenues irom whateve? s: ~rce derived, each anci every of wh:ch, n being expressly understood, is hereby morigaged as if speciiically set iorih and described in the g~anting and F,~be~:dum cfauses hereof, and such Receiver shall have ait the broad and effecrive funcr.ons and powers in anyw~se enuusted by a Cowt to a Receiver, and s, ch appointme~~t shalt be made by s~ch Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ecl- quacy or inadequacy of 1he vat~e of the property mortgaged or to the sotvency or inso~vency o( sa~d MORlGAGOR or 1he defendants, and ehat such r~~„rs, profits, incane, issues and revenues shal~ be applied by such Receiver accordi~~g to the lien or equity of said MORTGAGEE and the practice of such CourL 8. To dufy, prompt:y and fully perfo~m, discharge, execute, effect, tomplete, comply with and abide by each and every the stipulations, agreemtnts, conditions and covenanrs ~n sa~d promissory nore and this mortgage set forth. 9. That in the eVent the ownership of the mor?gaged premises, or any part thereof, becomes vested in a person other than fhe MORTGAGOR, the :'.ORTGAGEE, its successors and assigns, may, wiihout notice to the A10RTGAbR, deal with such successor or successor in interest with reference to this n•ortgage and the deut hereby secured in the same man~er as wirh Mortgagor witbout in any way vif;ating or ducharging the Mortgagors' liability here. ~nder or upon the debt heceby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the /dORiGAGEE or its s~ccessors or ass+gr.s and no extension of the time for the payment of the debt hereby secured given bY the MORTGAGfE or its successors or assigns, ahal) operate to ~eiease, d scharge, modify change or affect the orig~nal Iiab~Gty of the M0~2iGAGpR herein, either in whoie or in part. 10. It is spec~fically agreed that tirne is of the essence of this tontract and that no waiver of any obligation hereunder or of the obligation s~ cv:ed hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add.tio~ to the forego~ng month~y paymems of princ"pa( and intzrest ~equ~red by the prom ssery no!e secured hereby, rrsoriga3ar covenants j~:d agrees to pay to mortgagee v.ith each momhiy payr,~ent an add~rional sum est~mated by mortgagee to be equal to 1- 12 of the annuat cost of the follow- .~g: ~ A-AII real property taxrs levie.~', or aszessed agai~st the above described real estate. 6- Pr~n:~urns on 17re ar.d w~ndsto~n, inwrarce as here~n req~;red ro be ca~ried on rhe +mprovements s;fuate on the above drscribed premises. C-Pre=n;~ms on svch moitg3ge g~aranty ir.surar,~e as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby, Mortgagee sha t fro~r, ti~ne to t~me notify mortgagor in writ~ng of tne amount due and payable hereunder and such surn shall thcreupon be due and ;~~able on tha d~e Qote oi the next n~onth:y payment and each successive month thereafter ur.tif mortgagee shall notify mortgagor of a change in suth , ounr. Such sums s6ail be applied by mortgagee roward the payment of real property taxes, insurance prem;ums, a~id mortgage guaranty insurance ,~~emiums. IN ~'11TNESS YJH:REOF, the said MORTGAGOR has hereunto set his hand and seal the day and /a~ fir t aforesaed. Signed, Sealed and delivered in the presence of: ~ ~ al) (Seal) (Seaq , (Seaq TATE OF FLORIDA ~ St . Luc ie u- ' CQUNTY OF _ ~ Befwe me personally aP~a.ed Sebron Griffin a sin 1@ aC~lllt ` ~is~ifQ, to me well known and known to me to be thr individuay described in and who executed tF~e foregoing instrument, and ackrqwledged before me that /h~ executed the same for the purposes therein expressed. ~~~~~c} aZ ~~a2 Ih~ 3Sd '~z c~acat+~ac~ a~irl~i ~ansi+tvtior ~c Y+x ~akatxewm~aaek aaeet fm~s ~e~e;~ ~asts~eect ~dc~ sctm+d i+dere a~t lte~~abQ ~wis~k ~_~!~~s+~~1t taril~ Sn~_ itTSdLf Sny ~~nSpulTo'n~ €o~~rgi~~qPp~g~n'sl9~~ oL' 2f_~ ~~dlSu~b3A~l= . ~ WITNESS my hand and official seal this- 0~`1 day of Septemb ~~,.~;'r4. 7~ ~i~ ~ • • ~ : ~ otary P~blec in and fw t tate of i~ it r¢e ~.:•r = My Commission expires: . • f ; .L : Retom To: ~411R1' /1/9CIC. $TA ~ f p~ • ` First Federal Savings S loan Associatlon 235986 , MY COMMISSIpp ~~~~rD~C~""^:'~ Z~~ Of Fort P.e-ce. o.^Iey ih.~ r.~.. ~PIf~E$ ~~~~yp?E~ , vr+nce• A~e~ Fort Pie:ce, Flur;da U ul_ fI~EO ANQ f~ECOR0E0 ; a - ~q_ ~s , . T~'~ St. WCIE COUNTY FL~ ~ ~~~~~NS aOGE~ Q0ITRAS ~ This Instrument Prepared By: It COURT First Federal Savings & Loan Association ~~R.• RECORO ~E of Fort Pierce ~ Florida ~ ~ 28'u ~ Checked By _ BOOK~~~ PACE~4~ _ _ ~ : ; ' , - ~~~~~.;":~~rv~?,t:~'-=-;~~,~,.~..~.:.~ _ ~.~s~"