HomeMy WebLinkAbout0413 3. To pidcr and cuntu:~owr~ a~°eN c~~ tn~ t,•.~ d~~:ys ::~w oi Ferc.iter SitUdi! ur~ ,a~d 'and a.<: „n o rq:~~N~n~•n~ er~1 pzrsona~'y~ covered by thia mortg-
ege, with all premiums iherecn pa:d in full, t;re insvrance ~n the us~al standard pulity torin, in t~ wm aup~o~cd by Ihe MORiv.aGEE, and windstor~n
~nsurance in ths usual standard poi~cy form, in a i~:~n approved b~ the ,ti1URTrAGEE, in f~ch co~!~pany o~ cer.~panies as the MORTGAGEE may
direct; end all fire and wlndsrorm insurance po!ic~es on eny of ea~d b~~td~n~s, eny inrerest rherein or pa~t ~hereof, in the agg~rgare ?~m aforesaid or
in excess thereof, shali conrain tha usual uar.dard n,ortgag<e clausa or svth other clause as tha Mortgagee ~~~~y rec~u~re, making rhe loss undrr sa~d poti-
ciee, each and every, payab!e to satd h1UkTGAGEE as ~ts interest may appear, ~nd each ;nd every such po:~cy shall be prompt~y ass gned and deGvered ~o
any held by aeid h10RIGAGEE as further security to said n~ortgage debt, and, not less than ten (101 d~ys in advance of the expi~ahor~ of each p~licy, fo de-
liver ro said MORTGAGEE r ranewai thereof, together with a receipt for the pre~ni~m of wch renewal; a:;d thrre shail be no f~re or windsio~m ins~rance
placed on any of said bui!d~~~9s, any interest rhere~n or pa~t thereof, uniess ~n +he forrn and .virh fhe toss payabie as aForesa~d; ard in rhe event any sum
of money becomes payab~e under s~ch po~icy or pol;cies said MORTGAGEE shali have thn opr~on ~o receive and app y ~he sen,e on account of the indebted•
ness secured hereby or ro perm~t said MORTGAGORS to rective and use it or any s~;:~~ !h?rrof tcr etii r p~r; osrs :.,~'~~u.:~ ih:~.:~% ,v~i.i~3 .r a..~~
ing any equity, lien or right und~r or by virtue of this mortgage; and in ihe event sa;d MlJRTGAGORS sha!1 `or any reason fail to kaeo the said premis_s ao
i~~sured, or fail to delrver prornptly any of said Fx,Gcies of i~zsurance ro saici MORTGAGEE, or fo~l prump~ty !o pay fui(y any p~e•n~~•~n thc~efor or in any
respect fail to oerform, d~scharge, execvte, effect, cOmplete, ~omply wi~h and abida by rhis cove~ant, or any part hareof, said MGRT;,i.GEE rnay piace o~~d
pay for such insurance or a~y part thereof withour waivi~g or affecting any oprion, Iien, equ~ty, or rlght under or b~r vfrtue of this Morrgage, and rne
fuil amovni of each and every scch payment ina~l be irnmediately due and payable and shall bcar intcrest from tha date thcreof untif p~id at ihe rale of
nine per :en!um per ann~m and to~ether with avch interest sh,ri~ be s~rured by the iien of this mortgage.
d. To permit, tommit or suffer no wasfe, impairment or deter~oration of said p!operty or any part thereof.
5. To pay all and singulnr rhe ~osts, charges and expenses, incl~d~ng a reasonable attorney's Fee and costs of abst~atts of th!e, inc~rred or ps~d at
any time by said MORTGAGFE, because or in the event oF the iailure on the oart of the said MORTGAGOR to duly, pro~nptly and f~~ly pe~(orm, d~scharge.
:xecute, effect, Complete, tomply w~th and ab:de by ezch and every the sripulations, agreamer.ts, conditions, and tovenants of said prani;sory note and this
mor~gage any or either, and sa:d cosrs, cha~ges and exper.ses, each and avery, shall be immediately u~e and payab!e; whether or not there be no'~c~ d-
man~, attempt to colizct Or su~t pend~ng; and the full a~nount of each and every such payment shall bea. interest from ~he date thereof uniil poid at tt~e
r~te of nine per centum per annu:>>; ~nd ail sa~d costs, charyes and expen;es incurred or pa~d, ~o~ather w~~h s~th interest, shail be secured by the lien of th~s
mortgage.
6. That (a) in the event of any breath of this Mortgage or defaulr on the part of the MORTGAGOR, or ib) in the event any of sa'd sums of money
herein referred ro be not premFtly and fully Faid wrthin thlrty (30) days next atrer the same severa!~y bec,me due and pay~ble, without de:nand or not~ce,
or (cl in tht event each and every tne stip~IaKOns, agreements, cor,dl;iens and covenants of sa d prornissory note anJ th,s mortgage ar~y or either are not
~uly, prompNy and fully performed, d scharged, executed, effected, completed, compf;ed wl~h and abided 5y, then in either or any such evznt the sa.d ag-
gr..gate sum menrioned in said prom~ssery nore then remaining unpaid, w~rh interest acu~ed, ar,d ail mor.eys secured hereby, shatl become d~e and pay~
ab~a forthwirh, or thereafrer, at the opfion ai sa~d P.10RTGr~GEt, as futly and ccmp!eteiy as if ail of ~he said wms of money were ony~nally st;pulated
to be pe~d on suth dty, anything in ss:d prom:ssory note or in this Mortgag~= ro tne contrary not.vithstanding; and theteupon ar thereafter at the opt~on of
said MORTvAvEc, vritnout notice or dernand, su~i at law or in eyuity, tiierefure or tiir~ref~er ucyun, niay I~r Nruaecutrd os ~f a1i moncys sec~r~J h~reby
had matured pr~or to its institution.
7. That in tne event that at the beginr.ir,g of ~r at any time pending any suit upon this Mortgage, or to foretlose +t, or to reforrn it, or to enforte
paymenl of u~y claims hereunder, said M~RTGAG:E shali opply to thc Court havir,g jurisd'c!~on Ihereof for the appoinhr±enl of a Rece~ver, such Courf shai~
forthwith appoint a receiver of said mortqaged propzrty ail and s~ngviar, inciud:ng ait and singular the intome, proE~!s, issves and revenues from whatever
source derrved, each and every of wh:ch, it being expre:s(y ~ndersfood, fs hercby mortgageJ as if spec~f~cally set forrh and descnbed in the granrin~ and
habendum ciauses hereof, and such Receiver shal; have ail thz broad and effec!ive funci,ons and pov:ers in anyw~se en±rusted by a Co~rt to a Receiver, a~:d
such appointment sliall be made by s~ch Co~rt as an ad nitted equ~ty and a matter of absoiuie r;gfit ro said h1pRTGAGEE, and w~ihc~t reference to the
edeq~acy or inadeq~acy oi the value of the properry mongaged or to the so~venty or inso:vency of sa:d /~tORiGAGOR or the defendants, and rhar such
renfs, prof~ts, income, issues and rever~es shaii be appi~ed by s~ch Receiver accurdu~g to the iien or equity of sald h10RTGAGEE and the praU~ce of such
CO~rt.
8. To du!y, promptly and fully perfoim, dlscharge, exewt~, effect, c~rr:p;ete, aomp!y wrtn and abide by each and every the stipuiations, agreemanis,
conditions and covena~is in sa~d promisso~y note a~d ins m_rtgage set tonh.
9. That in ihe ee•Ant the owne:ship of th~ mo~tgag~d p:e•r:~ses, o- any part ihcreof, Eecomes vez!ed in a persen orher than ihe MCRTGAGOR, the
MORTGAG,E, its successors and ass~gns, may, wi+hout notite to +he ~~'.ORTGi.pP., deai with ;uch s~~ccesscr or seccessor in interest ~vith referer.;.e to this
mortgage ar.d the debf hereby sec~red in the same ma~~~:r as xith !:1~rtgac~or wlthout in any way vir~ating e~ d:scharg(ng +he /.lorsgagors' liaoil~ty here-
i:nder oc upon the de6t hereby s_curc~J. No sa!e ef tf:~~ Frm~s=s hereby mertgaged and no forbearance on the pari of the 1,1CRTGAGEE or its wccessors
or assigns and no exiens~on of nc~ i~,~a for the payrt-.e^t of the oebt h~reby sec~red grven by !he t1~ORTGAG.E e~ its successors or ass gr,s, ohali operate
to re!ease, d~scharge, mod;iy change or affect the orig:nal IiabiGty of the N,ORiGAGOR herein, either in whole or in part.
10. it is spec~ficaily agreed that time is of the essence of this contract and that no viaiver of any obifgar~on hereunder or of the obligation sa-
c:.red he~eby sha;i ai any tio~e thereafte~ ba he:d !o be a waiver of the term,s herecf or of :he inetrurnent secured herby.
11. In a:id Iic.~ !o ~Fe forego n~ month!y F;~ymeni; of p'ir c pal and int~~rest req~~red b~ .'he prom sscry r.o!e ee.~red herebf, mortgaoor covenanis
and agrees to cay ?o mo~ig.~7~e v.ith each mcn'h:y payr,~ent an add r~or.al sum as' ~ ared b~ mortg3gee to be equal to I. i2 ef iiie an:,ual cost of the fcliow-
inc~:
A-Ail real prop~rr~ taxas Icvie~'. or assessed ag~+•:s! t},•, ~bove descri~cd real escate.
B--Pre ,•s on f~ra and •..~.^.dsto-,n inwr;~ce 3s i:ere~n requ:red to be tarri~.,; cn iha ^rcvemeots s'tv~t~ on tL~ a~ove ci_scr~Led premises.
C-Prerr.~un's en such mortg :ge guarar-~ty ;c;urar :e as me!tga^yoe shali fro~•. hme te ?hr,c deern fit to earry on the loan secvred h=_reby.
M.crtgaqc_ s'^.3:i frcm tir.e to t~^:e no•.f~ mc'rt:agor in xrit:ng oF tne a•roo~t dve a~d (~ay~~b!e hereur.d.~r and sucf~ su^.~ sh.ii! the~evoen be due and
F.ayab~e on tne d.,~ da•e of th~ n~it n,on~n;~ ,~~me~t a~:d e;cn SuCCt'SS~YB mo~~h tl.ereaft.ar ur,til mcrtg3y~e sha!! not~fy rnortg~gor of a charge in such
ameunt. Such su.ms sFa:i i:e appii~d 'uy mortg~g ~e to.vard tne payment of reai property taxes, insuranca prem urns, and mortgage guaranty irsutante
tire~riums.
IN `:JITNESS `NHERcOF, tF.e said MORTGAGOR has hereu~to set F:s hand ar,d seal the day and year first a'oresaid.
/,~i Signed, Seated end dg!~~ered in the presence of: J' `
e ~ l~ (~r__ , ~ ~ i~Jr• %c. E.~- n. = /~12 /C Lf1 ; ~ ~1 ! _ (Seal)
'°'N~~i 9~S ' r es 'Si~bez'~
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~~~iz ness'~.s~~!1Li~~ir..~-t..~~..E~: ai'~.c:~. -~r.t'C~rz : ,sean
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SSA7E OF7E1X1~A N~?~: JEItS~Y
CAMDEN ~
COU'.TY C~ _ ~
Befere me petsonaCy app~zred CY78Z'18 3 Ci , J 1bGI't, _ and
~ _ F&l~il Ci. ~ibert his wife, to me wefl known and kno•xn ta me to be
the individuais desu~bed in ar,d who executed the foregoing instrument, and acknowledged before m= that ihey executed the aame for the purposes
there+r. expressed. And the said_-_----__-_ ~l ti~'1 ~'i , S 1bE T't ____v,
.vife of the ;ai~ _ ~.,~~aP~..BS Ci. 5ibert upon a s=pa:ate and private
e:am~r.at;on by me taken separat~_ and zoart f:ern her said husband, acknowdedged ro and befora me tnat she execured said instrumem freely ar.a •;olun-
tarily ard w;lhc~t any cempu!sicn, tonstraint, apprgh~et~n, or fear of or from her said h~sband. ~
W1T4ES5 my hard ar.d offic~al seal this__-1 day of_~___.._ Ma.~___.~~_-______._--- , A. D. 19 v-'
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s ' i- i..= ' G ! c: f Fc: ~~~CC r~ r I 3C! .=~c ~L_.i:.~:w 4 4"1d _'7 m''.,
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_ - Notary Pub~~c in ar.d for the State of Florida Qt.la =
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My Commission expires: : ~i ~ %
Return To: ' - -
firsr Federal Savings 3 Lo~n Assoc~at~on ~
~LiZABETH A. CAMpANELLA ~ ~ ` ' :
pj c°`t P'e'ce. "7 v ~f -
gE~ N4TARY PU9UC OF NEW 1ERSEY ~r-.
eb:~ ~P~er~r, Fio~~d~ ~`~a ~~fl REC g~~t( My Commission Expires lan, 25 19T0 - ~
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