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Home My WebLink About0887 ~ , PRQVIDEQ~ A4WAYS, that it the Mo~ty~~ot shaU pay uato the Mo~t~s~ee the indebtednes! eridinoed by t aytaiR piomiao note of which the Idlowing ia worda and fisura & a trne copy to-wit: ~ ~ , .~nzl~ra8?e .~~.1~ _ . i ~ s-~ • Fort Pi rc F~a;d, _ Mav 22 . ~ .19.78 FOR VALUE RECElVEU - WE, iointly and- severellY promirr co.pay ~ . co ~he ordtr of EDWARD W. GRIFFITN AND GLQRIA R. GRIFFITH, HIS WIFE che pri,u;~,,! sum o~ ONE THOUS~IND S iX HUNDRED SEVENTY FI VE , NO 100 ooLt.~RS, toge~her w7th ~alemt thereon from date at the ratc of ten peroent. pc~ srtnum uetil ma~uh~y. b~~~ psl and iaterest bcina payablc in bwful money of the United Ststcs at 3244 Biscsyse Blyd,~ ~yism~, Florid~, or at such otbtt.place a~ ~!K hdde~s hereoE ~~iay designate in writing. Principal and interrst paysbk in installments ss follows: ~ FORTY FIVE ($45.00) DOLIARS per month be innin on the t ' 8 8 15 h ~ ~ day of July, 1978, and continuing on the lSth day of each ~ and every month thereafter until paid in full. ' ; , ( This nwe ~pay be prepaiJ in.wh~dr .x in pa~1 at an~ lime rpun pa)wcwt of a penalty equal to ei~1 ~eest ot the Nincipl wiw ~repaid. t~d~ insiall~eul paymmt sliall 4~rrditev! feral .~n the ialerat dre. and Ihe rew~ainder ow i Ih~ principal su endiled. ~ i~ten,st ihaN IAerrupon oeaie upw~ ~ Thi ma?e~s aed eadonen of thU not~ further apret tu Naive demand, notiee oi now-pa~et and protst~ and in the erp~t wit shsJl be brouaht { ~~K the eullection hereof, or Ih~ sam~ ha,c Io he cdlect~d upon d~mand ot aw atlorpty. lo pag nywwable atlorner's tea for ~eakiw~ wci~ cdlecGon. ~ ~ Oeferred paYa~ceb hercun~kr shall b~r inlerr.l al thr rst~ of ten percn~l ~ aartum frwe ayturitr dpW ~ajd. This 4ute i+ seewed b~ a mor/Ra~e e.f ~~rn dat~ her~Nilh am! is lo be cawateued aad tu(ottYd i defsult ia U~~ mrnt ot keordin~ lo the la.?~s of tbe State ut Florida; upon P~Y principal and:i.r inte~est when du~, 1he whok su~p of nncip~l aad iaterat rcm ' un d ahall. at lhe ~ f~uldm. lKCtNw~ i+mediatdy dur and pa~ aWr. . ~^i fw opliai of the ; ~ (.i: ;--.c_L%:~~ , , : l~'~,;' ~,A(~' i -j " f~ 1 ts? ; I Prq.r~d ~Y ~anley N. SprIK. Atturne~ - 2=4A ~ta~ n~ f~t~d.. ~1iaw~i Flurida ~ ' ~ ~ EAL) L_ - and shail pedorm, comply with anil abide by each aad every the stipulations, agrrtments, oonditans and rnvrnants ot said pmmissory note and of this deed, then thi3 dked and the estate thereby prated shsU cease and be null and void. 1. The Mortgagor hereby covenants and agrees: . (a) To pay ap and singulat the principal and inttrest aqd other sums of mone~ payable by virture of ssid promissory note and this deed, or either. promptly on the days respectirely thr same seren8y ~ecoma dua (b} To pe~mit, crnmmit ot suifer no wastc apd to maintain the improvements a! sll times in a state of 6ooQ repair and condition, and to do ' or permit to be done to said premises nothing that will alta or chanat the use snd eharader of said propMy or i~ sny way impair ot weaken the security ot this mortga~e. And in case of the refusal, ne~lect or inability of the Mortga6or to repair and mai~uin said propc~ty, the ~1ort`agee may, at his optan, make such ~epairs or cause the same to be made, and advance moneys in that behatf. ~ (c) To pay all and singular the taxes, assessmrnts, leries, liabilities, and obtisations of evay nature on said dexribed pr~perty pch and ~ erery wAen due artd payabk sccordir~ to law, before they become detiquent, and to delirer to the Mottp6ee on or before March 1 Sth ef esch year hx rcceipts evidencing Ihe paymrnt ot all lawfully imposed taxa for !he preccdi~a caknda~ ysar;to i~demnify the Mort6a`ee upon his demand for a0 laxea, assessments and chuges tlut msy be asseised upon this mort6a6e on the indebtedness xcu~ed hercby, and paid by the r+wrt6a~et, without regud to any Isw herstotore enacted ot AernRer to be enacted imposin6 payment of the wfiole or any part thereot upon the Mortgagte. (d) To pay all and singular the msts, cNaraes and expenxs, includins lawyen' fees anJ absiract costs reasonabty incurred.or paid at any time by the Mortgagee hecause of the failure on the part of the Mortaa~ur to perform, mmpiy with and abide by each and every the stipul:tiorts, agrcemrnts, conditwns and corenants ot said proroissory note and~ this deed, or either, and every such payment shall beat interest from date at the rate ut ten ( IO`,~.) per centum per annum. (e) -It is further cunvenanted and a`teed by said patties that in thc event o( a wit beins instituted to toredose this mort6a~e, the Mort- ' sagee shall be entitled to apply at any time pendins wch torecbstue wit to the rnurt harin` jurisdidion thereof tor the sppoiniment ot a rectivet ot s)I and sinaubr the mortaaaed property, and of all rents, iqmmes, profits, issues and tevenues theteof, trom whatsoever source derived: and thereupon ii a here~y expressly rnnrenanted and a`reM that the Court shall forthwith appoint, such rceeirer with the usual pow-m and duties o( receivers in like cases; and said appointment shall be made by the murt u a maiter of strict right to the Mort- a:6ee, and without reference to the adeywcy or inadeqwcy of the ralue of the properly hereby mortsa~ed, or to the solvency or inso4 rency of the Mort6agors or any other puty defendsnt to such wit. The Mortsaaor hereby specificalfy ~vaives the ri6ht to object to tht appointmeat of a receirer u aforesaid and Aereby expressly rnnxnts that wch appoinfinent slull be made u an admitted equity and as a mauer of absolute right ta the Mortga6ee and thai the same may be done v?ithout notice to the Mori6a~or. (n foreclosure proceedings should be instituted against the property covered b; this mortaaEe upon any other lien or claim whether alle`ed to be superior or junior to the Iien of this mortga~e, the Mon`a6te may at his option immediately upon institutioo of such suit ot du~ina tqe pendency thereof declue tha mortgage and tbe.indebtedness secured heteby due and payable forthwith and msy at its option proceed to forecbse this mott6a`e. - (a) That the MortEs6or w•ill keep ail rsal and personal property now on c~reaRer encumbered by Ihe lien of this mortgase insuted as may . be required from time to timr by the iNori6a6ce againsl bss of fire, windsiorm and other haurds, cuwities and contin`encies for such periods anQ for nnt less than wch smourtts as may be required by tAe Mortp~ee artd to pay promptly when due sD premiums tor such ~ insunnce. The amuunts ot insunoce requ'ved by the Mortpsee sball be the minimum amounts tot whKh said insurance sha8 be written and it shall be incumbent upon ~he Mort~or to mtintain such additional ensunnoe ss may be necessary to~meet and comply fully with alI m-insurance requ"vements contained in said policia to the end that the saN1 Mort~ssor is not a ca•insuror tbercunder. Inwrance shall be written by s mmpany or mmpanies appro~ed ur designated by the Mortp6ee and sll policies and renewals thereot shall be held by the ~tortEa6ee. All delailed designations by the btott6agor vrhich are accepted Dy 1he Mortsasee and a11 a6reements between Mortsa6or snd Mort6aEee retati~ to imurance, now e:istin6 or hereaitcr mx1e, shall be in writi~ snd sha11 be s part ot this mortaaae aareement as fully as thouah xt forth vrrbatim herein anJ shall gove~n both parties hereto and thtir successon and usigns. No lien upon arty of ssid policies of insunnce or upon any refund or return premium which may be paysbk on the cannllation or trrmination thereof, shall be `iren to other than the Mort6a6ee, except by proper endorsement affi:ed to wch policy and approred by Mortsagee. Each policy of insurance • shaB have affiaed theret~ a Sundard New York Mortgagee Clauu without Contribution, makin6 a11 bu or bsxs under such policy pay~ble to the Murtgagee as ita interrsl may appear. In the erent ~ny sum or sums of money 6ecume paysble fheteunder the Mott~a`ee sAaN hare the option to receive and apply the same on accounl of the indcbtedness haeby secu~ed, or to petmit the Mortaagor to re- ceive and ux it, or any part thcreof, withoul thereby waivins or impairin6 any equity, lien, or ri6ht under and by virtue ot thls mort- p6e. In erent of bu ur physical damage to the mortEaged property~ tfit Mongagw shalt ~ire imtnediate notice thereof by mail to the Nort6a~ee and the Morlgaacs may make proof oi loss if the s~me is not made prom~lll by the MortWgor. In event of forecio3ure of y ~ ~ ~~~t,288 ~A~t 8&5 f ~ _ _ , _ ~ _ _ ~ , r~. ~