HomeMy WebLinkAbout2364 9. To plac~ and continuously k~cp on tM buifdinps eow w htreafttr utwt~ on sa+d bnd ar~d on sll equipment and p~rson~lly cover~d by this matQ~
+g~, with sll pr~miums Ihe~eon paid in full, firo insurance in tM usual srandard poliq fo~m, in • ium approv~d by the MORTGAGEE. ~nd windatwm ~
iniwanc~ in the ~swl sundard potiq fam, in s sum ~pprovsd by tM MORTGAGEE, in such company or companies u the MORTGAGEE may
di~Kfj and all f;~e and w+nd~torm insurancs polici~s on eny of said build~nps, ~ny interest thuein or paN tM~eof~ in ~Fk a~yreyate wm ~for~s+k) p
In excass theroof, sFull ca+t~in ths ~sual standard matgagee clauss w such otha claus~ as ths Ma~yagee may ~equire, makinp the lou unda wid poti•
c~es, each and every. payabie ro said MORTGAGEE ~s its interatt may appea~, a~d eacF~ and every sucF~ poliq shall bs prompNy ass:yned and delive~ed to
+ny held by said MORTGAGEE as further arcu~ity to said mutpage debt, and, not leu than ~en (10) days i~ advance of ths expira~ion of e~ch policy, to d~-
live~ to said MORTGAGEE a raxwal the•eof, to9etha with s rcce~pt iw the premium of such ~enewat; and the~e shall be ~o f~~e or winds?am insuranc~
platsd on any of said b~ild;ngs, any interetl the~ei~ or psrt thereof, unless in t1~e form and with the lou payable as ataesaid; and in th~ event a~y tum '
of money becomes payaWe ue+dar iuch policy w policies said MORTGAGEE ahall l?ave ihe opt~on to receive and apply the same on accouM of tM indebted- f
nefs ~et~~ed hereby w to pcrmit ~sid AAORTGAGORS fo receive u~d v~ if p any past thereof fw othcr purposes, without th:reu~ waiving or ~mpair-
irg any equity, lien or right under w by vtrtw of this morspage; u~d in Ihe event w~d MORTGAGORS sF?afl for a~y ?eason fai) to keep the said premises w
insund, or fail to deliver promptly ~ny of said policies of insurance to •a~d MORTGAGEf, or iail promptly to pay fulty any premium therefw o? In any
re~pect fa1! to psr(or~, dischsrpe, execute, effett, complete, comply with and abide by thi~ tovenan~, or any part hereof, said MORTGAGEE may pface and
paY fo? suth inwranc~ or any part ~hereof without waivinp or ~ffectinp any option. 1'~e+~. equ~ty, w right under a by virtue of thi~ Mortgape, and th~
full amo~M o~ eacA and every s~ch payment shall be immediately due and psyabls and shall bear interest from the date thereoi un1i1 paid at the ~at~ ol
nine per «~tum per annum and to~ether with tuch interest shall be secured by the lien of this mortpsge.
1. To permit, commit or wffer no waste, imptirment or deteriwation of uid property q any part thereof.
5. To pay all ~nd sinyulsr the coan, cMrges aod expenses, including a reasonabk attorney i fee and costs of abstracts of titte, incuned w paid at
any time by said MORTCaAGEE, betausa w in the event of tF~e tailure ot~ the part of the said MORTGAGOR to duty, promptly and fully perfwm, dixharge,
executs, effect, compkte, comply with a~d ab~de by eath and every the atipulations, sgreaments, conditions, and covenants of said promiuory note and this
mortgage any or either, and ia~d costs, charges and expenses, each and every, slwil be immediatety due and payable; whe~l,~r a not there be rwtica de~
mand, atttmpt to coliect or wit pending; and the ful) amo~nt of each and every such payment shall bear interesf from the date thereof until p~id at the
rate oF nine per centum per amium; a~d all said costs, charges snd expenses incvrred u paid, together with suth intaest, sFw11 bs setured by the tien of thit
~nortyagt.
b. That (s) in the event of any ~reach of this Mwtgage or deiault on the part of the MpRTGAGOR, a(b) in the event a~y oi satd sums of money
herein referred to be not promptly and fully paid within thirty (30) days ~ext after the wme :everatly become due snd payabte, withoul demand w netice,
or in fAe event each and every the sfipulations, agrcements, conditions and covenants o! sa~d promissory note and this mortgage any or either are nof
iuly, promptly and fully perfwmed, d~scharged, executed, effected, comp{eted. complied wi~h and abided by, then in either or any such event the said ag
gregate sum mtmioned in said promisso~y note then remaining unpaid, with imerest acaued, and all moneys secured hereby, ahall betome due and pay-
ebte forthwith, a tixreafter, af the option of said MORTGAGEE, as fully and completely as if all of the said s~ms of money were wginally sliputated
to be pa~d on such day, any~hing ~n said prpmiuory note a in this lMortgage to the con?rary notwithstanding; and ~hereupon or thereafter at the option of
sa~d MORiGAGEF, wirhout notice or demarKl, wit at !aw a in equity, fher~fore or thereafter begun, may be proaecvted as if all aaneys secvred hereby
had matured prqr to its institution.
7. That in the event that at the 6eginning of or at any time pe~ding any suit upon this Mortgage, « ro forectose ir, or to reform it, w to enforce
paymint of any claims hcrcu~er, said MORTGAGEE shall apply to the Covrt havir~g jurisdiction thereot fw tF~e appointment of a Receivet, such Covrt shall
fwthwith ~ppoint s receiver of uid mortgaged prooerty all and singulsr, irxlud;ng all 'and singular the income, profi~s, issves and revenues trom whatever
source derived, each aad every of which, it being expressly ur?derstood, is hereby mwtgaged as if speuiicaily xt fath and destribed in the g~anting and
habendum clauses hereof, and such Receiver shall have all the brwd and effMive funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointme~t shall be made by such Court as an admitted equity and a matter of ab3olute right to said MORTGAGEE, and without referente to the
adequacy a inadequacy of rhe vatue of rhe property mortgaged or to the w+vency w;nsolvency of said MORiGAGOR or the defendants, and that sucb
rents, profits, ~ncorne, ~ssues and revenves shall be applied by such Receive~ according to Ihe lien or eqvity of wid MORTGAGEE and the pratlice of such
Court.
~ ~ • ^•i
8. To duty, promptty and futfy pe~form, dixhargQ, execute, eifect, complere,•comply with and abide by each and every the stipulat;ons, agreements,
condiYa~s and covenants in aa~d promissoty note and this mortgage set fonh.
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, tM
MORTGAGEE, its successors and assigns, may, w;thout notice to tiee MORTGAOR, deal w~th such successor a successw in inrerest with reference to this
mor?gage and the debt hereby secured in the same mann~y as with Nbrtgagor without in any way vitiatirg q diuhargiry fhe Mwtgagors' liability here-
under or upon the debt hereby secured. Np sale of the Fremises hereby mortgaged and no forbearance on the part of the MORiGAGEE or its suctesso~s
or assgns and no exrens~on of the time fa the payment of the debt he~eby secuied given by ti~e MORTGAGE~ or its successors or auigns, aiwll operata
to rekase, d~scharge, modify change or affett the wig;nal liab~lity of the MORTGAGOR herein, either in whole w in psrt.
10- It is speufically agreed that time is of the essence of this tontract and that no waiver of any obl;gat~on F?erevrxler or of the obligaYwn se-
tured hereby shalt at any time thereafter be held to be a waiver of the terms hereof a of the Inshument secwed herby.
In add~tio~ to the iwego~ng monthly payments of princ'pal and interest requ~red by the promissory not , gagor tovenan s
and agrees -t a ee with each monthly payrnent an addirional sum estimated by morf ual to 1~ 12 of the annual cost of the follow-
ing:
A-Atl real property Iaxrs levied or assess a scribed real estate.
B-Prem~ums on fire and windstorm insuranc ein requ~r ried on the improvemeats situate on the abpve destribed premises,
C-Premiums on such mwtgage y insurance as morfgagee shall from time tO-fi em fit to carry on the ban secured hereby.
Mortgagee shall fro ' to time notify mortgagor in writing of tF~e amount due and payable here such sum shall tRerevpon be due anc{
payabk on the d ' e of the next monihly payment and each successive month thereafter ur.til mortgagee shall not~ of a thange in such
amovnt. sums sha!I be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaran e
r s-
!N WlTNES: 1YHfREOF, rhe said MORTGAGOR has hereunto xt his hand and seal the day a ear first aforesaid.
ig Seated and ivered i~ presente of: '
i
_ ~y ~ z n
' ~
~dS ~ : Sea~
~t.tt-l~-a.e e~.? ~ ~ . y (Sean
~ o ine i z
STATE OF BCOQI~C CALIFORNIA ~
couNTY OF R?VF.RSTDE
befwe me perwn~lly appeared ROV Fit2aQral .i
and
JoseFh~ne Fitz9p,~ajd his wife, to me well known and known to me to bs
the individwl~ described in and who executed the fwegoiny instrument, arn! adcrwv„ledged before me that they executed the same fw the purposes
r?k«M e:p.~„~a. a,d it„ s~;a_ Josephine Fiizgerald
wife of ehe .~~a _ Roy FZtzgerald upon a seps~ats and pdv~t~
e¦am~n~twn by me taken teparate and apaA from her said husbantl, ackrqM,{edyed to and befwe me that ahe exetvted said instrument ireety snd volun~
rarily and without any compulsia+, conitraint, apprehens~on, or fear of w from her ~aid FK,sbsnd.
WITNESS my h~nd ~nd offidsl seal thi~ iZ~1 ~y of February 19 69
FILED AND RECORDED'
gT, l.UC1E COUNTY. F1- • otary Public ~~a f rn~ s~,~e or ~.r
~~c~,~~~1E0 My Commiuion .xa.M:
a~~,.~ To: ~~1~
First faderal Ssvings d~ losn Association
Of Fort P~erce.
Pierce. F~~~:da ,69 ~~B I 4 pM 1?~ • ~ y SNIRLEY q, GALUGHER
Notnrtr Puauc
1C1~r'`1 RIVERSIpE COUAlTY
This Instrument Pre ared B RO ~E~ '"~~TRAS My ~m~~~ ~ CA~IFORNIA
P y K CIRCUIT COURT pires Septemp~~ 19.1972
First Fede~al Savings 3 loan Asso6'idt~~ ~
of Fort Pierce
Checked By R. Kave s '
aoo~~.75 ~?~E2360
~
~
~ ` ~ ~f
. - - .
~~y__ ~.F_.,__ . ~ . _ . ,