HomeMy WebLinkAbout1972 To p~ac~ and cont~ kr~p on ~M bua~d~rgs now a MrNft~ ~tw?~ on s+~d ~nd u~d on a1i eqvipnxm ~.+d pason~ty cov~ra+d by thts ww.-~
g~, with ~11 pnw~iunw ther~ p+id in fvll, }'u~ insu.~nc~ in ~h~ vswl sundud policy fonw. ~n a swm appovtd by IM MORiGAGEE. and wiedstorm
hwrana fn sM uswl s~a~da~d po1~ fora~, in a swn ~pprowd br the MORTWIGEE, ke wch canpany a coinnu?i~s ~s tM N?ORiGAGEE rw+r
einctt a~d all tin ard w~wrm inswana polici~s on ~ny of s~id buiW:np~, ~ny inM~su t1+K~in w part ~ht~wl, in tM ppr~t~ wm ~fa~said or
M uaa Nw«of, ~lwll cauaN+ tM vw+l stu+dud n~w~pa~ c1w~ a sud? ahu clws~ u~h~ MatyapN nwY nquir~, makL+p e?~ los~ und~. sa~d poti~
cw~. ~acA and ~w.y. WYab1e W sa+d 1NORTGAGEE as ~n interost maY ~PAw. vd ~acl+ and ~w.Y sud+ policy ihall b~ pranp~hr ass:4ned and dN~vKed ~o
~n1r lwld by w~d MORTGAGfE as fw~hu s~cwi~y ro s+id morpsy~ dsW, and, not kss ~h+~ ta~ (10I days u+ aSv~ of tM ~:piration of tach policy~ a dw
Gvw a said MORTGAGEE a r~wa1 thenof, toqetlw~ wirh • nece~pt for tM p.aniwn of wch ran~w~h and thK~ sh~ll b~ no f'a~ a windsro.m inwr~nc~
plaad on ~ny of s~id buildrg~, any intaect Mwrein or put tlw~wf. unl~ss in ~FK fwn?' and wiiA tM bss pay+bN +s afwss~id; ~nd in IM twnt any wm
d naMy beconws pay~Wrc ~nd~. wch poltcy w policiy said MORTGAGEE shatl Mve th~ option ro rec+~w and apply th~ ~am~ on accoun~ 01 ths fnd~bted
INq fKWld M~fby O? b pKnfif f~id JIAORTGAGORS b ~Ktivf i~ Yf~ It p My part the.eof fa onc~~ purposes, wi~hout thxeoi waivi~g w wnpai+-
fnp +^r pu~b. Ga~ or ripht ued~r or by virtw oi tlws ~nor~gayr, and in ~M evenl s+~d MORTGAGORS sh~0 fa anr ~~ason fail to kstp N+~ said prtm~ses ao
h+wed or fa~'I a d~liva Prc^?Wh a?y of ~aid pol~cKa of infura.KS ro sa~d MORTGJ?GEE. or ia~l M~P~M ~ WY fu1tY +~Y P~e~niwn ~her~for w in any
n~pact fail a pNionn, dschuq~, execute, ~ff~ct, compt~t~, cvmply wirl~ and alyd~ by this cove~u?~, o~ ~ny put he.wf, s~id MORTGAGEE may pl~v ~nd
P+r for wd~ ieaw~na or ~nr part thereof wiN+o~t wdvisg a ~ffectinp +ny oWio~, ~i~n. p~~ry. w riqht unde~ a+ by vl?tw of tl~is Mortpa~. ~nd tM
iull arnovm oi ~+ch and ewry wch parm~nt th+ll b~ imrnedNt~ly dw and p~yabb and i1++11 beu inte~es~ from ~M dat~ thsreof w,til p~~d a~ tM ~+ti ot
nir» p~r c~mum pM ~n~w,.n ~nd to~esha wi~h sucA ineerest sha11 b~ secured by tM li~n oi this mort~e.
To p~rmi6 eonr~~it a wffar no wutp imp~irmeM w dete.~o~atioe of said properry or any put tl~eof.
S. To pay all ~d sinputar th~ <osn, chupes and eapenses, includin~ a roawnable af:a.,+~y's fes s~w~ wsts of +batnc~s of titl~, incuned or p+~d a~
w?p tim~ by said MORiGAGEE, becaus? a in tht ~vtnt of tM failwe on tM p+rt of tha ssid MORTGAGOR to duh. qompty ~,d fu11y p~.form, d~sclwg~
~xcc~~e. tffacf. oomplst~. t~pe~p1Y with and ab~de by tath and svery ths stipu(ations, ~greem~nt~„ eondiNc+r!s, a~d oovwtants o! ~aid pomiissory rate ~nd thi~
~+9~ ~^Y a e~eha. a~d ia;d eoan. ch~.yes and expa+ces, ead? and ~very. sMll be ienrned7~tely due and psy~ble: whetha a nor tMr~ b~ no~~oe ds
nw~d, ~tiernp~ to collect or wit p~nd'my; and Me full arno~nl of ~ach ~nd eve?y svch p~yn+eat shsll beu intereat from ~M date thereof untit p~id at tM '
rat~ of niew per oe~?twn per amum; a.d aN said edin, char~ and ezpsnsts incw~ed w pid, ~ope~M~ wilh wch imsraf. slwll b~ s~cvred by t!r li~n of thi~
~
a 1'I+u i+~ in tM event of any broach of this Mortpap~ w defwh on th~ part of th~ MORTGAGOR, or (b) in th~ went u?y of s~~d wms of moner
I+Ktin ~~fared a b~ ~wl panptty and tutty p~id wirhMn thirty (39) days nex~ af~~a the same sevcrally bacoma i!w uid p~yable. wi~Fw~rt dsmand a notice.
a(sJ in th~ ~veqt cach and ew~y rhe stip„latioeu ~greeme~q, condirions ar,d coven~en of s+~d p.an~sswy nore snd tlus mat~sqe ~ny oe ei~her ue ~?a
~uly. p?ompty and futly perfwmed. d~xhuped, executed, effected, compl~ted, complied with ~~+d abided yy, tMm in eithsr a any ~uch ~wnt th~ said ap~
prey~N wm mNU+a~ed i++ sa+d i?romiuwy note then remsiniig unp~id, wirh imaes~ acu~,ed. and all r.~oneys sen,red hereby. shill becom~ dw and p~y~
aW~ for~hwirly a rheisafrer, at the optan of said MORTC,AGEE, u fvly and compleuly as tf all of ths ssid s~na oi mo+wy were wipinalty stipulated i
to be paid on such day, anything in sa;d promissory nots or in this Mo+tgaye to the contrary ~?otwi~hsund:ng: u~d ~hae~rpon w the~eafter ~t tM opuon of
•aid MORTGAGEE. without notice or dem~od, wi~ ~t brv a in equity. tF~ereforo w thereafter begun, mar be pros~cvted ~s if all mo~eys sacvrad hueby
A~d maw.ed pra. ro~n i+,s~~euran.
7. TM~ in the eve~t rha~ ~t fhe begiming of w.t any time pending aay w~t upw, tb;s Mwtgsge, o? ro fweclos~ it, or to refwm if, Of 10 MfO~M
p~yms~?t of ~ny claims he~eunde~. said MORTGAGEE shalt apply to the Cowt lNVing j~risdicrion thereof iw fhe ~ppo~ntment of ~ Receiver. such Coust sh~Il ;
fortliwith appoint a reccive~ of said mortg~ged property all u~d sinputu. includ~ng all and singul~r the income. profits, issues and revenucs iran wlutsre?
~a+roe der;ved, exh and every of wh~ch, i~ beirg eapressly unders~ood. is hereby mwtgaged u it spec~fically set fath and described in the 9r~minp and `
Mbendum cl+uses l~ereof, uid s~ch Receiver sh~ll h~ve all the brwd ~nd effective funct~ons ~nd powers in anywise entr~sted by s Court to a Receiver, and ~
wch +ppointment ihatl be made by wch Cowt as ~n adm;tted equiy and a rnifter of absolute right w said MpRTGAGEE, xd without reference ro ths ~
adequacy or in~dequacy of tl+~ wlue of tAe properry morfg~ged w to the sosvency o? ~nsolv~ncy of said MpRiGAGOR w the defendann, and that such ~
renn, profin, income, issues u~d revenues shsll be ~pplied hy s~ch Recciver accord~ny ro tAe lien or pvity of said MORTGAGEE and the prxrice of sucA ;
Cowt =
8. To duly. prornptly and fully perform. d'ischuge, execvte. ~ffect. compkte. canply wi?h and ~bide by esch u~d every ths stip~latio% agreemenn. ~
cond~fiom and coven+ms ~n said prwnissory nore and d+a mo.tgsge ser forth t
9. That in ths svent the ownenhip of the nwrtgsged prerr;;ses. or any pur thercof, becomes v~ted ~n s penon other th~n the MORTGAGOR, the
AIKHtiGAGEE, its successors +nd ~u:gro, m~y, wiehoW norice to tha MORTGAOR. deal with such succeuw a wttessor in interes~ with reterence to th;s
mor~ga~t and the debt hercby secwed in tl+e ssme manncr u w~th Mortgaga without in any way vitiating or d~stharging the Morrgagws• liabi~ity hers.
unJer ot upon the debt hereby secvred. No s~le of the premises hereby mortgaged and no fwbesraoce on the p+rt of ~he MORTGAGEE w its successon ;
a assigro ~nd no ex~ens~on of the time for the piymcnt of tlx debt hereby secured g~ven by the MORTGAGEE w in svcceuors or sssgns, ~fiall operue i
b re:eas~, dixf~upe, modify tharge w afftcf the wig~al fiab~Gty of ehe MORTGAGOR herein, either in whole w in part, f
10. U is specificaNy agreed that time is of the essence of this coiuract snd that no w~iver of any oblig~tion hereunder w of tht oblipation se-
a:red hereby sAall ~t any time theresfter be held lo be a waiver of the terms hcreot a of ~he instrwnem secwed huby.
11. In add~tion fo the fwego:ng monfhfy payments of princ:p~t and ineerest required by the prom7ssory nore secured hereby, mortgagor covenants
~ and sgrees ro pay ro mortgagee with each monrhly payment an add;rionsl svm est~ma~ed by mo~tga~ee to be equal to 1/12 of the annwl cost of the fdlow-
~^9=
A-NI real prope~ty taxes kvied or assessed agai~st the above described ~eal estate_
8-Prcm~ums on f~re and windsrwm inwrance aa herein requ:reti ro be u.ried o~ the improvements sitvate on the above desvibed premises. ~
_C-?remiums on wch mortgage qwnnty eruwar.ce n mortgagee shs11 from tmx to time deem fit to cury on the bsn secured hercby_
Mwtgigee sh~ll from time to time noNfK mortgagor in writing of the amoum due and paysble hereu~der a~d such wm shall thereupon be due ~nd S
~Sysbte on the due date of the next monthly payment and exh s~,ccessive month rhereafsar unti! mwtgagee s~+aif notify rnc~tgagw of a change in such
xnw~f. Such swns shall be appl;ed by mortgagee toward the parment of real property taxes, inwrance prem:ums, and mortgage guaranty inswance
Premiwns-
IN WITNESS WHfREOf, fhe said MORTGAGOR hu hereunto set his ha~d snd seal ihe day and f'ust aforewid.
~~Sea and delivered 'a+ the presence of:
~ ry
m,,,,,. n
. - ~n
- ~o
STATE OF ry~pp~? p~,. Jersey ) ?
COUNTY OF $eI'g'921 ~ S5. ;
;
Qefore me personally appeared - _7ehn DTptfrfarf ~
n~swl~a Y~?p Ih~pnnan~ his wife, to me well known and known to me to bs ,
Ilw ine6ridwb desuibed= in and wf+o e:ecured rhe fore9oing ins~rument, and acknowledged befwe me thar ~hey executed the same fw ~F+e p~.poses ;
.=a~d. ~,a ~:a_ Diantha ~tae Drennan ~ }
wif~ ot th~ ~id Johlf R DY~tf~n
tximination br me t~ken uparate -~d sp~rt from her seid hvabaod, acknowl ~iPo^ • xP+rate and privah
edged to ~nd befo~e me thal she e:etu!ed said irotrumeM freely ~nd volw~- F
ariy and w~thoi,t arpr oomputsion. c«utr~Fnt, ap~c~ or feu of or fr~n he~ ~aid Iw nd.
w~TNess m,, h.~a n,a oifici,~ x~~ ~his '""'~fi d,~, ~ ~ecember _ 67 ?
A. 19
i
Natary Public in and fw rhe Sure of fl~r' at luye
Retum Ta. MY Comniuion tapires: .)@ISgjl
first feder~t Savinpf i Lwn Association
Of Fort P~erce. ~T~`f Ml~IIC Oi NEw JEItS[Y
Fort Pi?rce. Florids a~biM L+WM W~'M =7. Ipl ~
- FIl.EO ~NO RECORDED : .
gi, l.UC1E COU~J?Y~~LA•
. ,
. ~
, 2 ~ M 10 : 59 ~ ~ . -
67 OEC a~.~.`7`~ _ , - ~ , ~ ~ ; -
~ .
.
Cil~' ~OUR7 ~ . " • ,
c~ERx c?R u~T 162`7 5 r, . c~ ~
~ BCt~k ~~~7 PAG[ 1~~=' - - -
n~
_