HomeMy WebLinkAbout1900 j {t~~;,
To pl~u ~nd cont4wously k~p o~ tM buildinps now or Mr~aftN awaq on aid land and on ~II eq~ipm~nt ~nd pNSOnally cowr~d by this mat~
p~. with ~II pr~miw:~ thsreon paid in full, fih insuranc~ io the viwt tlandard pol'ity form, ~n a swn approwd by tM MORTGAGEE. ~nd wind~lam ,
inswu~ in ~h~ uw~l ~tuidard policy fam„ in ~ sum approved by tM AAORTGAGEE, in ~uch company w comp~ni~s a tM MORTGACsEE n++y
d'u~cft and ~II f~~ a+d wind~ton+~ insw+oa polici~s an any of ssid build~np~ ~ey inttnst thKein w put tMnof, {n tM a~~ptt~ wm afa~aid w
In ~xaa tMrsof, sMll contain tM ~wal sqndud mort~s~e~ cl~use or iuch othN daus~ a tM Mwt9pe~ m~y nquk~. maklnp tM loss undsr said pol}
c;~s, ~ach ~nd ~vKy. pa~+bl~ ro aid 1NORTGAGEE ~s it~ inM~est may ~pptar, and each and ~very s~ch polky ihall bt promplly au:yntd and d~livK~d to ~
any Mid dy ~+id MORiGAGEE u iwtMr security ro s~id matysps dabt, snd, not Ita tMn tt~ (IQ) days in advu+p of tl+~ ~xpir~tion of ~ach policy, w dt ~
I~wr ro s+id MORiGAGEE a rMew+l tlarwf, tope~h~r wi~h a rcc~ipt fo~ the premium of svch renewslt and thKe ~hall be oo fir~ w windi~am inwwnc~
plapd on uqr of ~aid buiidinps. any int~r~st N~~in a pan tMnof, unbu tn t!K form'~nd with tM loa payablt +s sfw~iaidt +~d u+ tM ~vMt aMr ~vm
of mon~y bec~wt pay~bl~ w~dK wch policy or poikis s+~d MORTGAGEE sMli haw th~ option ro rsociw u~d ~pply tM samt on +ccovro o1 tM ir+d~bted~ ~
rnss s~cw~d ha~by or q pKmit said MORTGAGORS ro reuiw ~nd ~ it a any ps?t thereof fa orher purposa, without thereb~ waivi~q or impair- !
inp ~nr puify, 1'Nn a ripbt wd~~ w by virtw of this mortyp~t +~d ie~ tM ~wnt ~~d MORiGAGORS ah~il fw sny r~awn fail to kqp th~ s~id pr~mise~ so 1
insund a fail w deliwr prompNy ~ny of said polic~es of ir?iuruunu ro s~id MORTCaHCsEE, w tail promptly to pay fully any p~emiwn t1K~efw w in ~ny ~
~~spat f~il w pKfan~, disdur9e, ~x~cvt~ ~ff~ct, camplet~, comply with and ~bid~ by this covenant, a+ ~ny part Mreof. said MORTGAGEE may ol~ and
p~y fa such insw~na or any pur thsraof witho~t w~lvinp w affMk~g any option, IiM, p~ity, w ripht u~r or by virtw of thi~ JMal~ape, ~nd tM
full amount of ~ach and wKy wth p~yrt~e?t s~++ll b~ imnNdiatNy dw and payaW~ ud shall bear interat from tM daN thereof w~til paid al th~ ?~l~ ol
niM qf nf11yR1 MfNlT alld tO~Cthl1 WIfI1 WCA {I?IKMf tlNl~ b! fKYftd ~ 1M NM Of tIW f110f19aQl.
1. To pKmh. oomndt w wffa no wast~. imP+im+ent ar detaior~tan ot s~id property w+ny p+rt therwf.
S. To p~y ~II and sinput~r ths•oats, cFwrpa and ~xp~nses, includinp a nasawbl~ +norney• f~ snd awts of ~bsn~cts of titl~. incuned w p+id ~r
•ny ti~ne by sa':d NWkTGAGEE, bacaus? a in the ~wnt of tM failwe on the paM of th~ said MORTGAGOR ro duly, promptly and fully perfwm, d'ach+rg~,
~xecun. ~ff~ct. compkt~. canpty wirh and ~b~ by ~ad~ and every the stipul~tions, apreements, corw'?!bns, and eown~nn of s~id promissory rwt~ ud thw i
morrppe ~ny or ~itlwr. ud said cosd. cAup~s ai+d ~xpe~es, tach and ~verY. shall b~ irtunediately dw ~nd payablr, whe~Mr w not ther~ b~ ratia~ d? ;
mand, anNnpt to colkct or wit p~ndng: and th~ fvll area~nt of e+ch u+d wery wch p~ym~nt sA+l1 bear interest hom ths dat~ thsreof until p~id a~ the
rote of nine per centum per annum; snd all ~id obsts, d~u~es and expe~?s~s intvrred or paid, topeth~r with wth inMnat, sMll b~ a~tur~d br 1M lien of thi~
^art9p~•
0. Th+1 j+) in the twnt of ~ny brtach of thia Mortys~ or d~fauh on the paA of the MORTGAGOR, or (b) in tM ~vent ~ny of s+id swm of nwn~y
herein nfen~d ro b~ not ptanptly and fully paid within thirry (30) dsys next efte~ ths saint severatly becane dw and paysble, witho~?t dsmu+d a notice. ~
or tn th~ ~wM ~+~+d ~~Y the stiputatio~s, spre~men», conditions and cov~~n of s~~d promissory note snd this mw~pap~ any a ei~her ~n no1
iuly, ao~ry a~a ~,ih P..fo.med, d~~~d, ex~red, effected. compl~ted, complied with and abided by, thN+ in cither w ~~y such ~vMt tl~ said p~
yrasaq swn meotan~d in taid promiuoty note then rsmaininy u?ipaid, wiM inttrest accrued, and al~ maxys sscured hereby. shall batome dw a~d pay-
abl~ forihwith, a thereaha, at the option of taid MORTGAGEE, u fvlly snd comple~ely u if ~II of the saW wms of mon~y were oripinally stipulued
to be paid on svd+ d~y, anythinp in said promissory note or in tha N1aKg~ge fo the contrsry notwithstandinp; ~nd tAere~pon or thereaflK at tM option of
said NIORTGAGEE, without notic~ w dem~nd, wi1 at lawr w ie aqvity, the+a(w~ w there~her bepun, may be prose~vtad u if all ma~eys s~wnd haeby
had rewtured prior ro its institutio~.
7. Th~t in th~ event th~t at the beginning of w ~t aey tim~ pe~ng soy wit ~pon this Mwtgaye, or ro faeclose N, or to refonn it, or to en.`oru
payment of My daims he~euoder, s~id 1NORTGAGEE shall ~pply to the Cou~t havirg jwisd~ction thereof for tF~e appomtment of ~ Receiver, such Ca?rt sMll
Furliwirh appoint a ncci=ri roort9sged property all and sinpular. includ~ng all and singulsr tFK inNO~. prefit~, issws and reven~?es from whateve?
wurce dwived. e~ch and svery of whKh, it beirg expreuly undentood, a hereby mortgsged as if ~pccifiully s~t forth and dewibed in tM ~anfinp and
habend~m cbuses heraof, and such Receiver shall hsve all the brwd and effective funa~ons and powen in anywise entrusted by ~.Co~n to a Receiver. and
~uch ~ppointmtnt shall be made by wch Court as an admitted equity aod ~ mt:ter of absolute right to said A!ORTGAGEE, and without reference ro the
~daqu~ey w kwdequ+cy of t1» wlw of the praperty mortyiged w to the wtvency w insolvcncy of said 1NORTGAGOR or the defendann, and that such
rena, profits, Incaoe, iuues snd revenues shall b~ applied by such Receiva accordiry to the lien or equity of s~id N10RTGAGEE and the pradic~ of such y
~01Nt. i
8. To duly, promptly and fully perform, discha?ge, execute, effect, complete, comply with snd abids by esd~ and evary the stipulations, ~greemenb,
conditam ~rd toven~nq in said promiuwy rate and thia mort~sge sct forth.
9. That ie tM event the ownenhip of the mortgaged premises, or any part thereof, becomes vested ln a penon other than tM MORTGAGOR, the
MORTGAGEE, Hs tuccessors and auiyns, may, without notice to the AhORTGAOR, deal with such successa a svccessor in interest with reference to ihia
matya~ and ths debt hereby secured in the same manner as wifh Mortgagor witho~t in any wsy vitiati~g o! discharging the Mortyagors' lisbility here-
under or upon ~he drbt hereby secured. No wle of the premises hereby mortg~ged snd no fwbcersnoe on the pan of the MORTGAGEE or its successon
w+uigns snd no ezteiuion of the t~me for the p~yment of the debt hereby secured 9iven by the MORTGAGEE or iti s~rcceuors a sssi9ns, shall operat~
io rekas~, dxhuyt, modify ch~nge or affecf the original ti+bility of the MORTGAGOR herein, eitt~sr in wiale or in part. i
10. It is spec~fically agreed tMt Y~me ~ of the essence of this contrsct and thst no w+iver of ~ny obligation here~nder w of the oblip~tion se-
a,red Mnby sh~ll ~t ~ny time thcreaffK b~ hald to b~ a w~iver of ths terms Mreof or of the irudwn~nt ~ecvrad M~by.
11. tn add~tion to the fwego:ng „+o~,rhy psyrt+e~n of princ:pDl and interest reqoired by the promissory note secured hereby, mortgagor covenanfs
and agrees to pay to mortgsgee with each monthly payment an additionsl sum estimated by mortg~gee to be equal to 1/12 of the annual cost of the follow-
'ry:
A-All real property ta:es kvied w assessed against the above desvibed real estate. , j
B-Prcm~ums on firc and windstorm ~~rouronce as here7n requ:~ed ro be carricd o~ the improvemenn :ituate oe+ the above desaibed premises. •
C-Premiuaa on s~ch mortgsge gwranry insurance as mortgsgee shsll from t~me ro time deem fit ro urry on the loan secured hereby. ~
Mwtgsgee shsll from time•to t~me notify mortgagor in writi~g of the amount d4e and payable hereunder ~nd sucfi s~m shall theraupon be due and
paysble on the due date of the aext rtanthly payment and each successive month thertafter until mortgagee shall ratify mortgagor of s charge in suth
~mouM. S~ch sums shall be applied by mortgagee towsrd the payment of real property taxes, insurance prem:ums, and mortgagc guannty insurance '
premivml.
IN WITNESS WHEREOF, tlw said MORTGAGOR has hereunto set his iWnd snd seal the d~y and esr fint afaesaid. ,
~ Sipn~d, S~al~ and deli in F+~ presqnce of: ~ .
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~ STATE OF~ H@1r Jersey ~ ~
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COUNiY OF ' d~---
~ ~f~ ~ Joseph A . Bsposito ~ ~
. Vanzze Bsposito ~ w;t~. ~~~II known and krpwn m. w b.
f the ind'nidwb describ~d in and who ~xewted tM fore~oiqp instrumsr~t. ~nd xknowledged before me that tMy ~xecuted th~ }~+i~'~f.• •~,~{,~j
~ ?her~in expnssed. Md the sa' V anz ie g Sp08 i t0 L? ~:1'l7-~ ~,p°~ ~
~ Joseph A. fispos to = ;
wif• ot tF» wd ~s yri~r~li
( ex~minanon br m~ ta4~n ~ep~rate snd ~part from her s~id husba++d. ~dv~oMrt~dged to snd befor mt that sht exacut~d ' 1~t hpl~.iip(~p~
~ rarif ~nd withoul • c bion, constr~int, • of o? from her ~id Iw t~ ~
t Y W«^P~ PP?ehention, . v!: C: -
~ WITNESS m~r h~nd ~nd official atal t day of A r 1 `~~0~14y~ g
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t Pubtic in and iw t Statt
IIA COmmifii0ll ~7tpirtf: ~~ij~,.K ~•ii•„ P i
~ T« MY. COMMISSION " -
' first P.a.rd s.vinp. a lwn Au«u,~a, ~ , ~
y F.ItED AND RECOROED EX~'~'R~.... '
? ~ F~~ P~«~. ST, LUCIE COUNTY. FLA, ~s 1969
' for? Vierce. Flaida 1? f1 i. ^ l ~ r~~
~ ~ This instrument prepa:ed b~? ~ 16Sf'i65 s
~ First federal Sav. b toan Assn• 68 APR 30 AM ~ I: 37• •
~ of Fo~t Pierce
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~ ~ J. Chastain ~~U.;; n :~Ul7R4S
~ CLERK CIRCUIT COURT
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~ d~R. ? ,
~ ~i 1 ~~1898 ~k
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