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HomeMy WebLinkAbout0220 3_ To plac~ ~nd continuously keep on the bui;d~ngs now a M~ea(~er ~ituat~ on sa~d t~nd and on ~II eq~ipment a~d pasonally cov~red by this mw~~ p~, wilh •II pr~miumt the~eon pa~d ~n fuil. (~re insur~nc~ in ~he usual ttands~d policy form, irt a ~um appro~ed by 1M MOR(GAGEE, and windatam inwranc~ in tM uiwl i~andard pol~cy form, in • sum app~ov~d by ~M MORTGAGEE, in wcA companY or comp+n~s~ a ~M N~ORTGAGEE ~n+y dirKlj ae~d all fir~ and winds/orm inauranc~ polities on any o( said build~nps. any in1e~~~1 1he~~in or part tMreof, in tM aQprepar~ sum ~faesaid o? in ~~ctu thereof, sMll contaln ~hs uswl s~a~dard mort9s9aa clsus~ o~ tuch oti~ clavs~ ai tM Malpa~e~ may requ~r~. ma?inp ~M {oss unde~ f~~d Puli- c~es, each and ~very, payabts ro u~d MORTGAGEE at ~ts imerest may appea~, ~nd each and ~very ~~ch pot~cy shall be pranptly ~u.yned ~nd delivered ~o any held by said MORiGAGEE as (unha ~ecurity ?o said ma~9s9e debt, and, not leu tha~ ~en (10) days in +dvance of the e:piration of each policy. ~o da live~ to uid MORTGAGEE a ~enewal ~hereoF, ~oge~he~ with a rece~pl fo~ the premium oi avth renewal; and ther~ shall be ~o fire or windstorm insurance plac~d on u+y of said buildingi. +ny intereit tF+ere~~ or p+rt ~hereof, unleu in ~M fotm end wi~h th~ loss p+yable u ata~said; u+d i~ tM eve~t any sum of rtw~~y becomes p+y+ble unde~ such policy a policies ~id MORTGAGEE shall A~w ~M opt~on to receive and apply the same o~ eccount oi ~he indrbted- ~eu secured hKeby o~ ro permit ~aid MORTGAGORS to recaive and use it a any part thereof Iw othc~ purposes, wi~hout th_reb~ waivi~.g o~ ~~»pd~~- infl any pviy, lien w righf under w by virtus of thii mo:t9age; ~nd in 1he avent said MORTGAGORS shsll fa any ~eason f~il to keep ~hr ssid premisas so insu?ed, o~ fail ro deliver promptly any of said poticies ot insu~ance to said MORTGAGEE, w fail promptty fo pay lully any prem~um thcrefw or in any respett fail /o perfpm, discharge, executs, eftect, complete, comply with ~nd abide by this covenant, or any pa~t hareof, said MORTGAGEE m~y p~xe ~nd paY fw ivch insurance a any parl thereof without waivirg w affecting any option, lien, eq~ity, w rigM under w by virtw of thii Morfgage. and the full amovnl of each and every such paymeM shall be immediately due and payable and ~h~ll besr interest from ths date thereof ~ntil paid at the rats ot nine per centum pa annum and togelher with such interest shall be secured by Ihe lien oi this mortgage. 1. To psrmit, commit or suffer no wasfs, impairmeM or dete~ioration of said property or any part thereof. ~ i S. To pay all ~nd singular the costs,_ charges and expenses, including a reasonable attorney i fee and coats of sbstrads of title, incurred a paid at ~ any time by said MORTGAGEE, because w in the event of the faiiure on the part of the said MORTGAGOR to duly, p~omptly +nd fully pertwm, d~xharge. execute, effect, complete, comply with and ab:de by each and every the st~pulations, agreements, conditions, ~nd covensnts of said promissory note and this mortgage aoy a either, and said cosb, cMrges and expenses, each and eve~y, shall be immediately dve and payable; whether w not there be ~otice do- mand, attempt to collecl or suit pending; and the full amoum of eath and wery such payment sAall bear interest from the date thereof until paid at the rafe of nine per centum per annurn; and all said costs, cha~ges and ezpenxs incurred a paid, together w~th such interest, shall be setured by the lieo of this mortgage. 6. That (a? in the event of any breach of this Mortgage a delault on the part of the MORTGAGOR, w(b) in the sve~t any of said s~ms of money herein referred to be not promptly and fully psid within th;rty (30) days nexf after the same uverally become due and payable, without demand or notice, o~ (c) in the event each and every the stipvlations, agrecme~ts, conditans and covenants of sald promiuory note and th~s mortpage any a either are not iuly, promptly and fully performed, d~uharged, executed, effected, completed, complied w~th and abided by, then io either or any such event 1he said ag gregate sum mentioned in said prom~ssory ~ote then remaining unpaid, with interest accrued, and all moneys secu~ed hereby, shall become due and pay- able fwthwith, a the~eafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of mooey were wginally st~pulated ro be paid on such day, anything in sa~d prom~ssory note a in this Matgage to the contrary notwithstanding; and thereupon or thereafte~ at the option of said MORTGAGEE, without notice or demand, suit at law a in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby had matured p~~w to its institution. 7. That in the eve~t that at the beginning of or at any time pending~ any s~it upon this ~Rwtgage, w to faeclose it, or to re(wm it, or fo enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdicfion the?eoi fo~ the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singula~, includ~ng all and s~ngular the income, p~ofits, iuues and revenues (rom whatever _ source derived, each and every of wh~ch, it being express~y underatood, is hereby mortgaged as if specifically xt fath and desvibed in the granting and ~ habendum clauses Mereof, a~d such Receiver shalt have all the broad and effective funct~ons and powers in anywise tNrusted by a Court to a Receiver, and s~ch appointment shall be made by svch Court as an admitted equity and a matser of abso~ute right to said MORTGAGEE, and without referente to the adequacy w inadequaty of the value of the property mwtgaged or to the soivency or insolventy o1 said MORTGAGOR or ihe defe~danq, and that such renrs, {xofits, income, issues a~d revenues shall be applied by such Receiver bccording to the lien or equity of said MORTGAGEE and the p?ac?ice of such CouA. . 8. To duly, promptly and futly perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promisswy note and this mortgage sN forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the ~ MORTGAGEE; its success~rs and assigns, may, without notice to Ihe MORTGAOR, deal with such succeuw or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mbrtgagor without in any way vitiating or dixharging the Mortgagors' liabilify here- under or upon ~he debt hereby secured. No sa:e of the premises hereby mortgaged and no forbeara~ce on the part of the MORTGAGEE or its successwa or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuors or assigns, siwll operate to release, discharge, modify change or afiect the oiiginal liab~l~ty of the MORTGAGOR hcrein, either in whole or in part. t 10. It is specifically agreed that time is of the essence of this contract and that no wsiver of any obligatio~ hereunder or of the obligaYan.st ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. } I1. In add~tio~ to the fwego:n9 monthty payments of princ"pal and imerest required by the promissory nore secured hereby, mortgsgor covenants i and agrees to pay to mo:tgagee v.ith each monihfy payrr.ent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- { 111~: A-All real property ta:es levied or assessed against the a6ove desuibed real estate. B-Premiu~ns on fire and v~ir,dstorm insurar,ce as here~n requ~red to be car.~ed on the imFrovements situate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mo~tgagee shall fro~r. t~me to time deem fit to carry on the ~oan secured hereby_ Mwtgagee shall from time to t~me notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ! Fayable on the due date of the nezt month!y payment and each successive month thereafter ur~il mortgagee shall notify mortgagor of a change in such ~ a~,ount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~xl mwtgage guaranty insurance ~ p~emwms. ' IN Y~ITN:SS WHEREOF, t sai ORTGAGOR has hereunto xt his hand and seai the day a~r first aforesaid. T n ~ Sig nd liver in th nce of: Las'^ aq ~ Sea~ • (Sea4 (Sesp ; _ ~ STATE OF FLORIDA t ~ • • ; COUNTY OF ~ti. I.11C1@ 1 - " ; Before me personally appeared Wiliiatr~ Griffin, ~I'. s..';°~•~ ; ~'.r' snd s G1R~~jf W. Griffin his wife, to me we11 k~iown ~iid~lQ~ov~t.to n~e ~~b,e the individuals desuibed in and who executed the fo?egoing instrument, and ackrwwledged before me that. they eklCutad'~~~ia~n'~l ~o??the:~trr~ioafs . 7'~ : . therein expressed. And the said F+111j.~I W Griffin j` ~ • , ~ ' ' ' `a , ~s i_~ eF . wife or ~?k ~~a William F. Griffin, Jr. ' _ - _.Lpt„t~ '~.u~~.~,d-~+;~,~ . ~ examination by me taken separate and apart from her said husband, acknowledged to end before me that ahe exeaite~! 3lDd insvumeiA frE~~lY and vq1uF rarily and without any compuls"an, constraint, apprehension, fear of w from her said husband. • • , WITNESS my hand and official seal thi_~ day of ~ . 4~ ~ ti~~ . M ` ` N ~ • , • " • ~ ws • N ary Public in s for Stafa bf Fbri~¢ +t ~?~e,-' e. ~ My Commisiron expires: J~A. 1(~ 1~. Retum To: ~d 1 y~ , First federal Savings b loan Association ~ ~ = Of Fort P:erce. - Fort Pierce, florida This Instrument Prepared By H. J. ~obeTts~ Jr. . j F4~,~ ~ ~ ~ First Federal Savings & Loan Association EIl~ _ 13C IT ~411~T of Fort Pierce ~ Flo2•ida Rf~~R4 y~R:Fl~~ Checked By ~ _ ~ ~i IZ ~s PM'13 25~.32 BORK ~~c3 1'r,i~E ~~iJ . ~ ~ _ _ . 4 v- - _ ;=ci'~:. .