HomeMy WebLinkAbout2931 3. To p~ecs an~ tontinuousty keeF on ~he bu~'d:~gs now or hereafrer ~~t;;ate on said land and on •II equipmsrtt •nd penon~lly cavarrd by thif n+wtg•
~gs, with all premiums fherto~ peid in full, fue insurence in the ~~sual sia[
Il~erd policy form, in ~ t~m spprov~d by the MORTGAGEE, ~~d windstorm
inwrance in th~ uswl uendard pol~cy form, in a su~i nppro~ed tiy the MORTG.AGEE, in wch company er eompaniss as rht MURTGAGEE may
directj anJ •II fir~ and windatorm inwroncr poi~c~es or~ any of ~a~d bUildmga, •ny ~ntertst therein or p~rt th~raof, in 1M ~qgreqaro sum ~for~said er
tn ~~ecNS Ihereof, fhall contain the uival xtandard ~nor~a~ger clav3a or s~ch other clause a• the Mortpagee rney roqu~n, makiny~ tha lo~~ und~r ~~~d polM
c:es, e~ch •nd every, payab~a ro said MORTGAGEE as ~rs In~~~r~~st may appear, and each and every such poi~cy ~hal~ be promptly ase•9nod and dtliver~d to
any held by snid MORTGAGEE es further secu~ity io sa~d or~g3ge debr, and, not les~ ~han ten (10) deys in advence of the expiration of each policy, to dr
liver lo said MORTGAGEE a renewal thereof, toge~her ~vith a r~ce~pt For the promium of such renewal; end .here shall be ~o fire or windstorm insur~nce
piated on sny of said buildings, eny interest there~n or part fhereof, unl~sa in the form and with the loss p~yable ai eforsseid; •nd in tfie event any ~um
o! money batomes peyable ~n~ler such poli:y or pol~c~es said h10RTG.4GEE ~ha!I have the opt~on to recei+e and apply tha tan;e on sccounf of the indabted-
ness sec~red h~reby or to permit se~d MORTGAGORS ro recelve and use it ar any pait thereof for othcr purposea, w~~hout thereu~ waiving cr ~mpair-
ing any equ~ty, lien or right unde~ or by virt~e of th~s mo~'gage; and in the evem toid MORTGAGORS shall for ~ny reason fail tb krep the faid premises so
inaured, or fail to deliver promptly ary of sa~d poi~cias of insurancN to said MORTGAGEE, or fail promptly to pey tuily any premium ti~ercfor or in any
respect fail to perform, discharge, execute, effect, campleta, comply wi~h and abide by thi~ tovenant, or any pert heraof, ~aid MORTGAGEE may plice snd
pay for wch in~urance or any part thereof w~~hout waiving or affectiny any option, lien, equity, or right under or by virtu~ of thi~ Mortqage, and th~
f~ll amount of each and every such payn,ent shall be immediately d~e and payablo and shall bear intercat from tl» dete thereof un!il pa~d at tha rot~ of
nine per centum per ennum and together wiih w.h inter~st shali be sccured by the lien of this mortqege.
Ta permit, commit or wffnr no waste, impalrment or deter~orat~on of said praperty or any pert thereof.
5. To pay a!1 and singular the costs, cnarges and expenses, Indud~ng a reasonable attorney's fee and toit~ of abatract~ of title, incurrsd or psid at
any time by ~aid MORTGAGEE, betause or in the eve+~t of ;he fa~lure on the part of the said A10RTGAGOR to duly, promptly and fully pe~form, diicharfl~,
exec~re, effact, complete, comply w~th and ab'de by each and eve:y the stipvlet~on~, sgreemenh, conditions, and cownent~ of said pramis~ory note ~~d thit
mortgage any or either, and aa~d c~srs, charges and e~pen5es, each and every, ihall be immed~ate~y d~e and paysble; whether or not there bae notica dr
mand, ettempt to colkct or auit per.d~ng; and rhe full amount of each and e~ery such payment shall bear interest from the date thereof until paid •t th•
rate of nine pe~ centum par annu:n; and all sa~d costs, c^arges and expenses Incurrod or paid, together w~th such intere~t, ihail be tacursd by tfi• lisn of thi~
mortgage.
6. That (a) in the event of a~y breach of th~s Mortgage or default on the part of the A10RTGAGOR, or (b) in the ~vent any o4 s~~d sum~ of inen~y
herein referred to be not prom~tly and fully paid v:~th~n H,.rty (30i days next after the sarne severally becom~ due snd peyable, wi~fiout d~mar.d or notics,
or (t) in the eveM eath and e~ery ihe st~pulaNons, agreements, condlrions and covenants of sa;d promissory note an~ thl~ moetyape any or eith~r ~r~ no1
~uly, promptly and fully performed, d:scharqed, execured, effected, complered, compiied with and abided by, then in •ither w any p~ch wem th~ ~~id ~p~
gregate sum mentioned in said prumissory note then re~na~n~ng ur.paid, with interest accrued, and all monoyf~ setur~d heroby, ~h~ll becom~ dw •nd p~y-
able forthwith, or tFereafter, at the opfion of sa~d h1J~2SGAGEE, as iuliy and complete~y aa if al! of the eaid suma of mon~y wsr• oriqin~lly ~f~pulatsd
lo be paid on suth day, anything in sa~d prom~ssory note or in thla hlortgage to the contrary notwirhit~ndiny; and thtreupon or theraah~r at the option of
seid Ml7RTGAGEE, without rtotice or demand, su~t at law or in eq~i!y, therefore or thereafter be~un, may k» protecuttd if all mOn~y1 ~.cur.d h•r•by
had mawred prror to irs institution.
7. That in the event that at tne begi:,n~ng of or at any t;~nr pending any suit upon this Mortgayt, ar ta forttlos~ it, or to t~form It, or to enforts
' payment of any claims here~nder, said MO.'rTGAG~E sfia:l a~oEy to the Court having jurisdiction thereof for th~ appo~ntment of a Reuiv~r, wth Court fhall
iorthwith appoint a receiver c+f sai~ mo~tc~ayrd properry a;l and singular, indvd ng ail and sing~~lar the incom~, profits, isw~t ~nd t~v~nue~ from whater~r
source derived, each and every of wh!ch, it beir.g express'y unden~ood, ~s hereby mortgaged at if epec~(ically ~et forth end dsr+crib~d in tho prentinp ~nd
habendum dausea hereof, and such Receiver shal~ ha~e all the broad and effect~ve funct~ons and powen in anywiee entru~ted by + COUrt tp ~ Rec~ivu, •nd
:uch a~pointment shall be mada by such Ce~rt as an ad:~?itred equ~;y ard a matrer of absolute riyht to ~sid MORTGAGEE, ~nd without refertnt~ to fh•
adequaty or inndeq~acy of the value of tFe property mortgnged or to rhe so,vency cr insolvency of aid MORTGAvOR or fhe defsnda~if, ertd th~t avth
rents, proiits, income, issues and revenues shaii be appii~d by such Rece~ver according to the lien or tqvity of aid MORTGAGEE tnd tht praetit~ of wch
Court.
8. To du!y, promptly and fully perform, d~,cha~ge, execute, eEfect, comple+le, comply with and ebide by each end evtry ths ~tipul~tionR, aflrpm~nt~,
candi'ions and tovenents in sa~d promissory note and th a mortgage sat forth.
9. That in the ~vent the ownership of the martgaged premises, or any part thereof, become~ vested in a psrson other then the MORTGAGOR, the
MORTGAGEE, irx succesaor~ and assigns, may, w~rhout notice to the h10RTGaOA, deal with s~ch successor or Wtetf~or in intere~t with t+f~r~nce to thii
mortgage and the deb~ hereby se.ured in the same manner aa with Mortgagor without in any way vitiatinq or disth~rfling thr Mortg~yon' lirbility herr-
under or upon the debt hereby sewred. No sa!e oE !I,e F~e~~ :s•~s h;reby mort~aged and no forbeeranee on the pert of tho MOR7GAGEE or its tuttesion
, er assigns and na exrens~on ~4 the time fa: the payme+~i of rhe deb~ h~reby sec~red given by rhe MORTGAGEE or ita wccessorf or ~uiflns, •hal! operat~
ro releese, diacherga, mod~fy changa or affect the oriq;nal Iiab~;Ity of the MORiGAGOR herein, either in whole or In part.
10. It is specifically aareed tha! time ~s of the essence of this contract and lhat ~o waiver of •ny obiipation hsrwndar or of th~ obl3q~tion N-
cured hefeby shali at any time thareafier be he!d to 6e a waiver ~f the tecros hereof or of the instrument tecured herby.
11. In add:r'o? to the forago ng mon!h!y cay~n^nis of ~;ri~:c pa! and interest required by the p:om~ssory no!e fecu~ed hereby, mortpagor covtnantf
ar,d agrecs to pay to mortgagee w~th eacii inOnth:y pair. p;~t a~ aod~rional sum es~~n,ated by mortgagee to be eqwl to 1/12 of the annual tost of th~ follow-
ing:
A-All real property !axes lev~ed o! assess~d ag ~~rst nc~ above described real astate.
B-Premiums on fire ar.~ windstonn insu~3rce as r~ re n requ;red to be canied on the improvementt s~twte on the ebove daulbed pr~mi~et.
C-Premiums on such mo:tgsge g~dr;~niy icsv'a~ ce es mertgagee nhal! ffam. t me ro time deem fit fo urry on the loen teeured herdby.
Moitgagee shatl from timc ro tfine r..enf,r mrr•.;,g~r ;r r:r:t;r.g of ihe amou~t due and payable hereundar •nd fuch wm sheli tharcupon bs s~u• a~d
payable on tne due date of rhe next mo~th;y pay:r env a~-.d each successive month tFereaft~r ~nril mortga~ee shai! notify mortgagor of a than~• in •uch
amount, S~ch s~ms shail be app!ied by mor?ga,~.e ro~.ard th~ F~ay~ner.t cf real prope~ty taxes; inwrance prem~ums, an0 rtortgaye yuar~nty inaursnc~
premiums.
Ih~ VVITNE55 WH'cR QP, the sa~d MOkTGAG~R has h~~re.~nvo se! his hard and seal the dey en year fir~t sfare~~i ,
x S' e Sealed an deli ered in the esence f: ~ .d !w MA-
~'L/`"+~' ~ ~ ` ~ ~~I)
s..~.c (5~~1)
~ ~5~a1)
~ ^ (Seal)
SSATE OF Pti.7R4a'Pt ~°W York ~
ss.
COUNTY OF CZ''`~ t 'v`y" _ _ I
Before me perw~ally appeared _ _.7t~ mP, q T'' _ C Norr i s ~ R $ 1 T"~~? I. f' c~ ~la ~'st ~ d?iQ'
~ his-v~+fr, to ma well known and known to me ta bs
the ind~^idua descrined in and who executed the foregoing instrumen~, and ++<knowledged before me thet ~j executed the sam~ for the purposvs
IlN
the•ein expresaed. ~Attt~th~'sald____ -
vrifr of-Mre-feid - oFOYf'~'~rtrt~ 3rrd'pAvtrte
-e«.~wiiwi~+v~+-4tarre-~a~es+~-seperHrw+d~ape~t(+er.ri,er~rnid•{+esbend,-ecierKnw4edged~v-enct~bt4 r-el+e-exezoted-aai~~ir.sr?vmiertrfiee+~-arld~-velen-
-+~.,iy-a~.d-v+ifhwa srrr eo.r~,kier; ea,+nreimr.-epareher+~tc+r+,-ror f~er-vf t~~frrMn ifer i
WITPJE55 my hand and o?ficial ~eal tF~s_____._~~____ day of A. D. 19 l' J
~ r , Notary ublic in ar.d for the State of~f4orid+r at lsr
My Commitsion ezpircc: h ~ . _
ketum To: " • •
f;rot federal 5aving• & loan Aseociat;on RENi)tb :4l GENPJO?'aK
~RpEp t~fOr1'/VtY FUBLIC, Stots cf Nev? YoAi'.•' •
or Fo~~ v~.~~. FIL~°l~}~fl~~~ 300K rb. 4~-»o2oao c~.+~r
~orr'pie/ce~, F!orda 4~,J . _,_r- T~ ExVires W1o~cf~ 30. 1967 . V.'.
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