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3. To place and continuo~sly keep on ~he bui`.din9s now or 6err,~lter ~it~ate on sa~d iand and on all eqv~p~~:rn1 and penonally co+ered by this mor~g-
ege, w~th all Fremiums i!:creon pa:d in iull, f~re insur~nca ~n ~u-vsu«-stondard pol~ty form, in • fum app+o.ed by the MORi1iAGEE, a~~d w~~dstam
insurance in the usual stanJmd poLcy fwm, in a sum sppro:ad by the MURTGAGEE, in wch comFe^Y or cu~~pamei as ~he MOkTGAGEE may
duect; and aIl fire and w~ndsrorm insuronce pol~c;ei a. any of se~d bultd~~yf, any interest the~ein or part thereof, in the ag9regare sv~n afo~esald or
in excess Ihereof, shall cun~ain ~he usu~l sta~~da~d morrgagee clause o~ such oiher daus~ as 1hs Matga9ee may requ~re, mek~~~ ~he ~os~ undrr sa~d pot'a
ues, each and every, payoble ~o said h~ORIGAG[E as iii in:erest may appear, and each and tvery such pc>Gcy ~hall lx promptiy ass.gnrd a~~d dat~ver~d to
eny held by sa~d MORIvAGEf as (ur~her secw~ty to said mor~gaga dzb~, and, no1 less thsn ten (10) dayi in adva~xe of the expirano~ of eech pol~ty, ~o dr
iiver ro said MORTGAGEE a rrnewal thereof, toge~ner with a rKe+pt for the prem~um of such renewal; and Ihero s1w+11 be no (~re or wiudstorm ins~~ante
placed on a~y of sa~d bvild~ngs, any imeresl there~n w part the.cof, unlea~ in ihe fo~m a~d wi~h ~he loss psyat,~e as s!oresa~d; and in ~he e~e~t any sum
of money kxcwnes payable under such policy a pof~cies said MORTGAGEE ah~U have ~he opho~ to ~eceive end apply the same on account O~ ~he ~nde6ted-
neas secured hereby or ~o permit sa~d MORTGAGORS to ~eceive and use it a any part ~I~rreof fa o:~~cr ~.wposes, .•.~~ho.,t ih_a u~ .v.:~~~.~7 c• ~~~~p.+~r-
~ng any equity, lien w r~ghr ~nder w by virt~e of this mortgage; and in the even~ tald MORTGAGORS shal! fo? any reaso~~ fail to keep the sa~d prem~s~s so
in~ured, o~ iail to deliver prornptly any ot said po6cies of insurance ~o •a~d MORiGAGEE, or fail p+omptly to pay f~lly any prn~nwm thereio~ w~n a~y
+espect fail to per(o~m, d~scha~ge, execute, eifect, complete, comply w~th and abide by this covenant, w any parl he~eoi, sa~J MORiGAGEE may piace a~~d ;
pay for such insurance or any pa~l Ihereo( withoul waivi:~g w aFfacting any opGon, lien, equity, o? ~igh~ under or by virtue of ihis Mo.egage, and the ~
t~11 arrw~,nt of each and every such paymen? shall be ~mmediately due and payable and shall bear in~erest from the date thereof until pa~d at the rate of
nin0 per crnium per annum and to~e~Fkr w~th such infe.~st sha~i Lx secured by the i~en oi this mortgage.
4. To ptrm;l, comm~t or sulfer no waate, impa'u~nent w deterioration of said property w any part thereof.
5_ To pay ell and singutar the costs, charges end expenses, inciudirg a reasonable attorney i(ee and coets ef abatrac~s oi title, incw~ed o~ paid at
any ti~ne by said MORiGAGfE, because or in the evenl of the ia~lure o++ the part of ~he said MORTGAGOR to duly, promptly and fudy perfwm, d~scharge.
execute, effed, complete, <omply w~th and ab;de by each and every the stipulat~ons, agreements, conditions, and covenants oi said prom~ssory note and ~h~s
mortgage any w either, and sa:d costa, charges and expenses, each and every, shall bo immed~ately due and peyab:e; whrihe~ w not rhere be no~~ce d~
ma~d, attempt to collect o~ suit pend~rg; and the (ull amount of each and every s~ch payment shalt bea~ inte~est from the date the~eot until paid at the
r,,te o! nine per centum ~,er annum; and all aaid costs, charg~s and expenses incu~red or paid, together w~th such interrat, shall be secured by the !ien of thi~
~r.or tgage.
6. That (a) in the eveM af any brcach of th~s ~~flortgage or default on the part of the MORiGAGOR, or ;b) in the event any of aa:d sums of money
herein referred to be not pro~nptly and fully paid wi~hin ~h:rty (30) days neat afte~ the same sererally beconx due and payab!e, withou~ deneand or nof~ce.
or (c) in the event each and every tFu slipuiations, agreements, condinons and covenants of sa d promisso~y note a~~d ih~s nwrtgage any or eaher are not F
iuly, prompNy •nd fuiiy perfwrned, d~scharged, executed, effec~ed, canpleted, compGed with and abided 5y, then in e~~her a any such event the sa~d eg- ;
~regate sum rr~ntioned in said promiawry note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall tx-co~ie due and pay- ~
ao:e forthwith, or ~hereafter, at tF~e opf~on of said MORIGAGEE, as fully and completely as if a~l o~ ~he said sums of naney were originalty shputated `
te be pa~d on such d~y, anyihir.g in sa.d pro~n:ssory note or in this Mortgage fo tha tonfrary notwithstand~ng; and ~hereupon o? thereafter at fhe op~~on of =
sa~d MORTGAGEE, w~ihout neT~ce or demand, s~:t at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneya securrd hereby ~ ?
S
nUd mawred pr:or Io ds ~nitifvi~on. )
7. Tha~ in thr event rhat at the Eeginn~ng of or at any time pend~ng any s~it upo~ this Mwtgage, or to fweclose i1, w to reform it, o? to enForce
payment oi any claims hereunder, sa~d Me~RTGAG£E shati apply to ihe Coun havi~~g ~urlsd.ction thereo! for the tppo:ntmrnt of e Receiver, such Court shell ~
fo:thwith appoint a receiver af sa;d morfyaged property al~ and s~ng~lar, inct~d~ng all and s~ngutar ~he ir.come, p+ofita, issues and re~enues from whatever ~
:cvrte derived, each and every of wh.ch, ~t be~ng expressiy ~nders~ood, is hereby mor~gaged as if spec~hcally set forth and dexribed in 1FK y~a~u~ng and
habendum clauses hereof, and svch Recei~er shaif have all the broad and effeurve funct,ons and powe~s in anyw~se entrusted by a Cour~ to a Receiver, a~~d
s;ch appointment sha? be made by such Co~rt ai an adr-~i:red eq~~ty and a r.~aner of abso:~te rigM to said MORTG~.GEE, and withou~ reference to the
adeyuaty or inadeq~acy of the vaf~e of the proper+y mortgaqed or to the sotvrncy or insolvertcy o( said MORiGAGOR -or the defendams, and rhat such
r~~nis, profits, income, iswes and revenues shaH be applied by such Recr~ver accord~ng to the lien or equity of said MORiGAGEE and the practice of such
Cour). i;
9. To duty, promptly and f~iiy perform, d~scharge, execute, effrct, complete, comply w~th and abide by each and every the stipuiations, agreements,
conditions and covenams ~n sa~d promissory note and th~s n,or.gage set fath.
9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vestrd in a perwn other lhan the MORIGAGQR, the
:tORTGAGEE; its s~ccessors and ass~gns, may, withou~ nosice to the MORiGAOR, dea! w~th such successor or successor in interest with reference to this
n,ortgage and the drUf hereby sewred in the same manner as with Mo:rgago~ wiflwut in any way vihating ot d~schargeng the Mortgagori liab~lity he~e-
undrr or upon the debt hereby secured~ No sale oF the premises hereby mo~tgaged and no fortxarancr on the pa~t of the )AORTGAGEE o~ its svccessars
or ass~g~s and no eatension of the time ior the payment of the debt hereby sctured given by Ihe MORTGAGEE or its successws or assigns, s3~a!1 operate
ro release, d~scha:ge, mod~fy change or aftect the o~~g~nal liab:lity of the MORiGAGOR t~erein, e~ther in wiwle or in part.
l0. lt is spec~fica~ly ag-eed ~hat time ~s of the essence of th~s contrad and that no waiver of any obligat~on hereunder or oi the obtigaYwn sr
cured hereby shali at any time thereafter be he'd to be a weiver of the terrna hereof ar of the instrumeN secured herby. '
;
' I1. in add.t~a~ to the forego r,g month'y paym~nts of prin: pa1 and interest ieqwred by the prom~ssory nore srwred hereby, mortgagar covenants ~
t ~^d egrces to pay ro mortgagee v~~th each month:y pay~:~ent an adduonal su*n esnn:a~ed by morigagee to be egual to 1:'12 of the annual cost of the follow-
i
` r,,.~_ i
A-AI~ real prope+ty taxes icvi=d or assnssed egai~ist ~F.c a~ove described re-al esrate.
't . ~
€ B- Pr,•m:wr.s on fire and w~nds:onn ~rs~ra~.ce as ne~e+n n-qv:red to be carri~-d o~ the Emproveme~ts s~r~ate on th~ above d:scr~bed prem~ses. ~
i C-Prem~un,s on s~ch rt:ortg,~ge guararty inswa~.ce as mcrt~agee shatl from t me to sim~ deem fit ro carry on the loan secured hereby_
' Mo~tgagee ahoil frem t~me to t~me notity mortgogvr in writ~~q of the amount d~e and payable hereundrr and such surn shal! thereupon be due and 3
9
~ ;~yable on the due date of the rxft monthiy paymxnt and each successive month thereafrer ur.tii mutgagee shall rtotify mortgaqor of a change in such
~ i~ o~m. Such sums shail be appiied 'oy mcrtgagee toward the payment of reat prope~ty taxes, insuraote prem.ums, and mortgage guaranty insurance
t~ c remiums.
~ IN Y~ITPJESS `:JHERfOf, the a~d Rt10RTGAGOR has hereunto set h~s hand and seal the y and ye ' s id. ~
~ igned, Sealed an deliv in the p?esence of: :
FILGD Ak: ~•`-GQ~UEC ' ~ (ses~) 's
~ - ST IUC~c~~aUN~~S~A. i M, te C. Gri in
F~.,l. • ~ -
~ ~~E~.?. !:'.~~'Y CGURj" ~ (sea~) t
p~,r~_. c
ShaYOn L. Gr i f in ~~ap
Si:.TE Of fIORIDAT I' ~O
~ st. ~u~~e _ ~ 2 ~ ~49,~
_~UNTY Of
~ Be(orc me personally appeared Monte C. Gr iff ~ n a~d
~ Sharon Griffin his wife, to me well known and known to me to be
~ the indiveduals described in and who executed the foregoing instrument, and acknowted~ed before me that they executed the same tor the purposes
Shazon L. Gr iff in .
r~nrein expressed. And the said_--- ~,c~~~~7---
~ Monte C. Griffin '„r;d.
,~,fe of the said _ upcR? a. s~parate pfivstt -
~ c.aminarion by me taken xparete and apart from her 'sband, acknowledged to aod beiore me that she executed said io3trume~t J«~~Y~lAtl.volyo- _
!~r~ly ar,d w~tho~t any comp~lsion, consrraint, apprehe ;o fear of or f said husband. ',t ~
WITNE55 my hand and ofF;cial seal this__ _ ay of February p,~~
- ~ J~.~~ ' e _
.
Notary Public in e d for the StaM3 of, larg3 - =
_ ~ My- Comm~ision expires: ~ ~ 4 - ~ -
~ ~ ~ . ~
'4 Retum To: ~i ~ C ' 'i .
= First Federal Savings 3 loan Association ~i~~,
: STR': .
Of Fort v.-c•,, HOTARY FU ~`•jr F? ~~Si~j~~ ,~~~r~
My Cpy,.. ~ GR(JA ;
forf Fier:e, Flo~+~e ~
= tuc~ed L, ~ . ~ro ~~,y. 7. ]97T
~c - , . . 1~ _-~..y .
w.
~,k.
~v This Instrument Prepared By J~ H. RobeZ t s, JY .
First Federal Savings & Loan Assotiation
~r; of Fort Pierce , Florida
~ ~
Checked By - - ~ - ,
;2~ FAG~ 24f.~V
'y;-=~