Loading...
HomeMy WebLinkAbout2075 j : 3. Yo pface and continuou~ly keep on the buitoings no•.v or hereafter ~~tuata on said land en~ on all equlpmenl e~d pe~sonally covrred by thi~ mortp- aga, with al) premiunr~ thereon paid in fuil, tire insurance in ihe vsval standard poiicy form, jn a sum approve~ by Ihe MORTGAGEE, and wind~to~m ins~rente in the u~val s~andard policy form, in a surn approved by the MORTGAGEE, in such company or companies as the MORTGAGfE m~y c~irecl; and all fire and windslorm insvrante policies on any of said kwildings, eny fnterest therein or part thercof, in the aggregate ivm atoresald or In extess Ihereof, shall contain the usuai ttandard ~~ortgagee cla~se or such ather clause as the Mortgagee may require, making ihe (oss uniler ~aid polM cies, each end avery, payable to said h10R7GAGEE as i~s interest may appear, and each and evcry svch policy shall be promptty a~s:gned and da~ivered to any held by ~aid MORiGAGEE as turther security to said mortgnge debt and, not (ess than ten (10) deyi in advance of tho oxpiretinn of each policy, fo de- , -t - ....1 .s.~.~ .~.11 1.~ ..n f~r. nr windttnrnt Iniurante liver to faid MUitICiAI~E[ a renewai inereui, ivyet~~ai wiii~ o~eco;Ni ic: a~~==;:;u~:j plaeed on 0(I~l oi saici buiidings, Ef1~/ 1f11@ft3t tnCfGifl Oi ~bPi 11i$fCiii~ vi~i'rii ii~ ilio v7i1i~3~~~ `Y.j~:tt l~~.~~+3 ~3~~f'`~~ ?f^£erseitl.• aff[~ Irt ~}i@ lveiff 6nY !VM of monay becomes payabie under such policy or policies said MORTGAGEE shall have tha option to receive and apply ~he same o» account o~ the indebled• nats secured hereby or to permit said MORTGAGORS to receiva and use it ot any part thereo( for other purposes, rrilhoul th=reb~ ~vaiving or impair- ing any equity, lien or right under or by virtue of this morfgage; and in tha event ~aid MORTGAGORS shail (u? any teason fail to keep the said premises so inivred, or fail to delivet promptly any of said polities of insuronce to s~id MORTGAGEE, or fail promptly to pay fulty any premium therefor or in any tespat fail to perform, discharga, exec~te, effect, tomp~ete, compty with and abide by this cove~ant, or any pari hereof, said MORTGAGEE may place and pay (or tuth insurante or any part Ihereof without walving or af(ecting any option, lien, equity, or right under, or by virtue of this Mortgage, and the full ~mount of each and every such payment shall be immediately dua and payable and shall bear interest from the date theteof until paid at the rate ol nine per c~ntum ptr annum and togethtr with such interest shall be secured by the lien of thii mortgage. 4. To permil, commit a suffer no wasts, impairment or deteriorotion of said property or any pari theteof. 5. To pay all and singular the.cosis, charget and exper.ses, including a reasonable attorney's fee and costs of absiratts of title, incurred or paid at eny time by said MORTGAGEE, beca~se or in the event of the failure on the part of the said h10RTGAGOR lo duly, promptly and fully perform, d~scharge, exec~te, effect, complete, comply w~th and ebide by each and every the stipule~ions, agreements, conditions, and covenants of said promissory nota and thif ~;,~;;5gs£ =;,a `^`e`, ~F,..n,+: a.,a ex~Prves, each and everv, shall ba immediatelY due and payable; whether or nol there be noSice de mand, attempt to collect or suil pending; and the fult amount of each and every such payment ~hall bear interest from the date thereof until peid ai ihe rate of nine per centum per annum; and all said cd~~s, charges and expenses incurred or Raid, together with svch interest, shall be tecured by the lien of thit mortyage. e. That (a) in the event of any breach of this Mortgage ~r defavlt on the part of the MORTGAGOR, or (b) in the event any of said sums of money hetein referred to be not promptly and fully paid within thirty (30) days next afrer the same severally become due and payable, withoul demand or notice, or (c) in the averlt each and e~rery the stipulations, agreements, corditions and tovanants of said promissory note and Ih~s mortgage any or aither are not ~uly, promptly and fully performed, discharged, executed, eifccted, tompleted, complied with end abided by, then in either or any such event the said ag~ gregate s~m mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys setured hereby, shall become due and pay~ able tortliwith, or thereafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were originally fNpu~ated to be paid on such day, anything in said promissory no:e or in this hlortgage fo the contrary notwithstanding; and thereupon or ihereaite? a~ the option of said MORTGAGEE, without notice or demand, suit at law or in equity, !heretore or thereaiter begun, may be prosecuted as if all moneys setured hereby had matu~ed priot to itt institution. 7. That in the event that at the beginning of or at any time pending aay suit upon this Mortgage, or to toreclose it, or to reform it, or to enforce paymant of any claims hereunder, said h10RTGAGfE shalf apply to the Court having jur~sd~Uion thereof tor the appo~ntment of a Receiver, such Court ihall Forifiwith appo:nt a receive? oF said mortgaged property all and singulnr, includ~ng all and singular the income, profits, isaves and revenues irom whatever saurce derived, each and every of which, it being expressly understood, is hereby-mortgaged as if spetitically set forth and detcribed in the granting and habendum dauses hereof, and such Receiver shall have all tha broad and effective funct~ons and powers in anywise entruited by a Court to a Receiver, and such appaintment shall be made by suth Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without teference to the adequacy or inadequacy of tF.e value of the prbperty mortgaged or to the so~vency or insotvency of said n50RTGAGOR or the defendants, rnd that s~ch rent~, profits, income, issues and revenues shall be applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practice of such Pw..N 6. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by eacfi and every the stipulations, agrezments, conditior~s s~d covenants in said promissory note and this mortgage set forth. 9. That in the event the ownarship of the mortgaged premises, or any part thereof, becames vested in a peraon other than the MORTGAGOR, the MORTGAGEE, itf suctessors and assigns, may, without notice to the MORTGAOR, deat with such svccessor or successor in interest with reference to this mort9age and tha debl hereby secured in the same manner as with Mo~tgagoi without in any way vitiating or discharging the Mortgagors' liability F~ere- under or upon ~he de6t hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor~ or assigns and no extension of the time for the paymznt of the aebt hereby secured given by the MORTGAGEE or its tuccessors or assigns, shnll operafe f to release, discharge, modiEy change or affect the origi~al liability of the MORTGAGOR herein, either in whole or in part. i ~ 10. It is specifically agreed that time is of the e~sence of this contrect and that no waiver of any obligation he:evndet ot of the obligation se- ~ a;red hereby shalf at any time thereafter be held to be a waiver of the terms hercof or of the instrumenl secured herby. ` - ~ 11. In add~tion to the forego:ng monthly payments of princ'pDl and interest required by the prom~ssory note secured hereby, morfgagor covenants j and agrees to pay to mortgagee with each monthly payment an add~tional sum est~mated by mortgagee to be eq~al to 1/12 of the annual cost of the follow- ing: ' A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein req~~red to be carried on the improvements silvate on the above described premises. C-PremEums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ ~1lortgagee shall from time to time notify mortgagor in wriling of the amount due and payable Nereunder and such sum sF~all thereupon be due and payable on the due date of the next monthly ~ayment and each successive month thereailer ~rtil mortgagee shall notify mortgagor of a change in such ~ amounf. Suth sums shall be applied by mortgagee tovvard the payment of real property taxes, ins~rance prem;vms, and morfgage guaranty insurante premiums. ~ IN WITNESS WHEREOF, the seid MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid. igned, Se ed and livered in the presence of: ~ Seat) ~ ' ~ (Seel) i (Seal) : I _ (Seal) 3 ii ( STATE OF FLORIDA ~ COUNTY OF , I,llC ~ A ~ ~ ~ Before me penonally appeared Che Rts~.r B. ~r.iffin and Elaine M. Grif~'in his wife, to me well known and known to me to be ; ( the individuals described in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for tha purposes ~ therein expres~sd. And *h~ sa~a ~ Elaine M. Gri~fin ~ „,~r~ ot ,,;d-_ Chester B. Gri~'fin ~ ~ , pon a separata and privats txamination by me faken stparate and apart from her said husband, acknowledged to a~d before me that she ezec~ted said instrvment freely and volun- farily and without ar~y compulsion, constraint, apprehension>or fear of or from her said husband. WITNESS my hand and official :eal this f~ tx~ day of _ :_¢,p. 19~_ 'S . - ' :i~~,,. . , ~ , ' Notary Pu ' in and for the State o~;F~rit~lt-ai ~~''i;, F?? ~ _ + My Com sion expirg~: ~ ' ~ , ; ~ • . o ' y, ~ ~ Retum To: ' NOta Pub11C~ ~ ~r • ~ Fint Federal Savings d. loan Association ' ry R•• ~1~~ ~ •~ts% r My CommisstQn g, ~ ~i = Of Fort Pierce. C D BOnd~ B~l l~p~~~ u,s, U 6 . f~ fort Pierce, florida N RE~ORD~-OK , ~~,~:~aqtt~Y~`v. . d Q : : ~ : ~ ~ . f 1L ~-~'Eet.-a~U ~ j.' ~~C ~ ~ ' ~ ~ • ; i s;~~.:. . _ . ~ .t~. •~'t_. A/ ' `/~j~~,_ ~~~~•n~`4~ I. . . • • : - ~ IL s Y~ • . . 1 `~1\ - . . . - • i ~ ~~i~. ~ _ ' , 1~„ f'1? s ~ , , . ~ _ . ~ :-~o" ,6~ FEg ~ ~3~ ~ - _ . - : l~C2ERK ~ i,.~, ~s. 'r. ~R ~o1~kF~0~NTY~ ~ . '.t . .2:... - ~:4; ',l, . Rp~~ ~gR oA . . • . ` - ~ ~ ~ ~ ~ ~ ~ ~ ~ RoaK~~.38 26~ ~ ~ - - . ~ ~