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Home My WebLink About2920 ~ ' .3:~~:.. t ~ w ~ To plaa and tontinuously ke~p on tM buildinp~ now a MreahN ~~tu~t~ on aid t~nd and on all equipment and pKan~lly covMed by thi~ map~ p~, with ~11 ptemiwM tAerwn p~id in fvll. fir~ Insur~nc~ i~ the uiwl st+rdud policy fam, i~ a tum ~pprowd by th~ MORiGAGEE, and winditwm tnswana h th~ uswl atandard policy fum, in ~ sum ~pproved by tM MORTGAGEE, i~ wch comp~ny w canp+nles as 1M MORTGAGEE ~y dinct~ aed ail fin uid wi~kw~m ir?iwanoe polkies on ~ny of seid b~ild~~ps, ~ny interot thxei~ or part therw(, in tM sy~?eyat~ svm ~fass~W a in ~xt~ets lhenof, sh+ll conqin tM ~?sval standud mort~ay~e cla~se w such ofhe~ clause a ths Mort9~gae may rpu'u~. makinp tM loss vndN ~aid pol} cie~, sach u~d ewry, p+yabls ro said MORTGAGEE H its interett may appear, and tach and eve?y such policy ~hsll bf promP~~Y ~~9^~ +^d dei~~Kd ro ~ny Mld by said MORTGACsEE as further seturity fo said matgs~e deb1, ~nd, not leu th~n ten (10) days (n sdvance of tM sxpir~tan of each policy, to dr liwr to said MORiGAGEE a rsnewal thereof, topeth~? with a receipt fo? the premium of iuch renewal; and ~her~ shall be no f~r~ a winduwm inw~anu plaoed on any of iaid b~?itdi~gs, any interest tt~erein w pa~t the.eof, unless in the form ~nd with tFK ~oss paYabk sa ~faesaid; a~d i~ tM ~veM ~ey ~um of mon~y becomes payabl~ w+der such poliq a policas wid MORTGAGEE shall haw the option ro receive and spply the ~+me on +ccount of ths i~bted- neis sstvred Mreby q b permif uid MORTGAGORS to rlteive and us~ it a any part thereof for othc~ purpotes, wilhout thareb/ waiviny or anp~ir- lnp any p~iry, lie~ a ri~ht under or by virtue of this mor:ya9e; and in the event ~a~d MORTGAGORS sMll tw ~ny reason fail to kaep the said p~emises w inwred, a f~i) b d~liw? promptly ~ny of said policies of insurants to said ~AhORTGAGEE, w fail promptty to p~y fully any premium therefw w in any r~specl fail to pHfwen, dischuge, exenrts, effect, complete, comply with and abide by this covenant, w sny put hereof, isid MORTGAGEE m+y p1ac~ +nd p~y fa such liawance or any part thereof w~thout w+ivinp o? affectinp any option, I'ron, equity, a right unde~ w by vinw of tfiis Mwt9sp~, a~d tM full amount of eacl~ ~nd ~wry such payment shall be immedi~telY dvs and payable and ihall Ixa? interes~ from tM date thereof until paid at ths rats of nine pN cu~t~m p~r anrwm andtogether wiih such interest shall be secured by the lien of thii mortg+ge. 1. To pKmit, canmit a wffer no wsste, knp~irment w deteriwatio~ of said propcrty w any part thcreof. S. To pay ~U ~nd siegulu tM costs, dNrges and expenses, includ'ug s reasa+sble attaney's fee and costs of abstr~ds of titk, incuRed•w p~~d ~t ~ any Y~me by said MORTGAGEE, becavse or in the event of the failure on the part of tM said MORTGAGOR to duly, promptly ard fully pertam, disch~r9R execWe, effed, canpl~», comply with and abide by eath and every the stipulat~ons, ayreemenq, tonditiora, a+xl covensnts of said promiuory not~ and this mortpap~ any w ather. and s~~d cosb. chugea and expenses, each and every, shall be immediately due snd payable: whethe~ w not the?e bs i+otice da msnd, attempt fo colkcf w wit pe~xlinyr and tM full amount of each and every s~rch paymcnt shall bea. interest from the date thereof until p~id N the rate of ~ine per centum per amwm; and all said costs, charges and expenses incvrred or paid, together with such iMerest, shall be setwed by the lien of thia ~+W 6. That (a) in the event of any breach of this Mwtga9e w default on the part of the MORTGAGOR, w(b) i~ the event any of ssid sums of money herein refared to be not promptly and fully paid within thirty (30) days next after the same xverally become d~e a~d payabte, withovt demand or notice. or (V in the event each ~r+d every the stipulatio~s, sgreements, conditia~s and covenants of ss~d promistory note and this matgage any or eitFar an nol iuly. promptly a~d fully perforrned, dischsrged. executed. effected. completed, complied with ~nd abided by, then in eithe? or any such ewnt 1M said a~ i grey~t~ wm mentioned in sa~d prortiiuwy note then ramainir~} unpaid, with imerest acuued, and all moneys setvred hereby, shall beco~ne dw ~~d p~y- able forthwith, a triereafter, at tl+e option of said MORTGAGEE, as fvlly and compktely as if all of the said wms of money were ai~inally stipulated to be paid on such day, anything in said prom~uory rate or in th~s Mortgage ro the contrary notwithsta~ding; and thereupon w thereaftea at the option of said MORTGAGEE, without notice w demand, wit at law or in equity, therefo~e or thereafter begun, may be pros~a+ted as if all mo~eys secvred hereby had matwed prior to iri institution. 7. That in the avent that at the beginning of or st sny time pending any suit ~pon this Mortgsge, a to fwecbse it, or to reform it, or to e~forp payment of any claims hereunder, said MORTGA6EE shall apply to the Court having jwisdittion thereof fw tMe appointment of ~ Receiver, wch Court shall forthwith ~ppoint a recciver of said mo?tgaged property all and singvlar, includ~ng all and singular 1he income, profin, iuues and reven~es from wF~atever wurte derived, eath and every of which, it being expressly underslood, is hereby mwtgaged as if spetifitally sef forth and described in fhe grsnting and habendum cla~ses hereof, and such Receiver tMll have sll the Moad and effective furxt~ons and powers in anywise entrusted by a Cwrt to s Receiver, and •uch eppointment shall be made by such Court as an admitted equity and a matter of absolute rght to said MORTGAGEE, s~d without reference ro the adequaty o? insdequacy of the value of the properry mortgaged w to the sonrency or insolver~cy o~said MORTGAGOR p the defendanb, and thal such rents, profiri, uxane, iswes and revenues shall be applied by strch Reteiver according to the lien ot equity of said MORTGAGEE and the prattice of such ~ CouA. 8. To duly, promptly and fully perform, dixharge, execute, effect, mmplete, comply wi?h arx! abide by esch and every the stipuktions, sgreemenri, conditions and cover»nts in said promiuory note and this mortgage set forth. 9. Th~t in the event the ownenhip of the mwtgaged premises, or any part thereof, becanes vested in a person other thsn tM MORTGAGOR, ths MORTGAGEE, iri stitteuon and aug~s, may, witho~t notice to the MORTGAOR, deal with such sutcessor or sutcessor in interest with referente ro this mwtgage and the debt hereby set~red in the same manner as with Mortgagw without in any way vitiating p discharging the Mortgagors' liabilify here- under or upon the debt hereby xcured. No sale of the premises hereby mortgaged and no fwbearance on the part of ~he MORTGAGEE or its successws or assigiu and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEf w iK wccesson w auig% sMll operafe ro rekase, disc!»rge, modify change or affect the wginal liabil~ty of the MORTGAGOR herein, either ie whole or in part. 10- It is specifically ayreed that time is of the essence of this contract and that no waiver of any obligation herevnder or of tM obligation se- cured har~by shall at any fime thercafter be held to be s waiver of the terms hereof a of the Instrument secured herby. In addition to the forego:ng monthly payments of prinCpal and interest required by !he promissory note secured hereby, mortgsgor covena and agrees to pa ith each monthly payment an addir'wnal sum estimated by mortgagee to be equat to i cost o t follow- ing: , A-All real property taxes levied w assessed against the a v estate. B-Premiums on fire and windstorm insurance as h ' uaed to be carried on t ~ ~ts situate on the above described premises. C-Premi~ms o~ such mortgage gus surar~ce as mortgagee shall from time to time deem fit to car loan secured hereby. Mortgagee shall from ' o time notify mortgagor in writing of the amount due and payabte hereunder and such w hereupon be dve and paysble on the d e of the next monthly payment and each successive momh thereafter urtil mortgagee shall notify mwtgagot o in suth amount. sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty iosur uwns. I IN WITNE55 WHER , the said AhORTGAGOR has hereunto set his hand and ~seal the day and fint aforesaid. ~ { Sea a livered in the presence of: ~%'~y~~ > > ~ ss r ncisco a~ o a so w~as ~ r" tr~s~' a ia- Fa o `~•t ~ cse+~ ~ STATE OF MI~14~K 1~W JERSEY ~ SS. ~ COUMY OF Before me panon~lly appeared FZaI1C1SC0 Pal~bo al an lrnnvm ac Francesco Palu~ho_~ ~ T~1 ar i a P a?]. tmmbo his wife, to me well known ~nd knawn to me to b~ f the individwb described in and who execvted the foregang instrument, and acknowledged befwe me tMt they exewted tf?e same fw the p~rrposes rr?~,~~ e,~,~d. ad rhe ,,;d Maria Palumbo' - ,,,,;{Q pf ~ K~ Y 1SCO P 1L~b0 vpon s sepsr~t~ and privatt examinaYan by me tsken separate and apart from her ss' hvsband, acknowledged ro and before me tfist she execvted said jMyt and vduo- ~ tarily and withovt u~y comp~lsan, constnint, apprehens ~ a fesr ~ a. f~ ~d ns,~. y y~~~r35 a3~t ~ WITNESS my h~nd snd offiaal seal this Z I~= dey of Februar y~ ti . .~.~~i~19 69 . ~ ' • ~ ' • r = ~ ~ . Notsry Public in and for~ Lit~ ~ V JERSEY ~ ~ ^ ~•1 i~ ~ ~ ~ ~ "ar c~~~«? .~?.s: ~ ; ; - Y ~ , . ; . _ p ~ Retum Ta. : ~ l • ~ • ~ First Federal Sa~ings 6~oao ~4ssociat~on r' ~~Cyt ~O~PIT`{•~~ NOTARY PUBUC dF~~,}ER$~f'.~0~~~` ~ = ~ Of fort Pierce. ~RCC~i~~1 vERIF ~y ~ 111RIISSIOf1 E7Ipl~~~~~: . ' ~ i~ J fort Pierce. Fbrida ~ 1 ~ - 31l N~ ~ S •~'1- y 3"`':.,, -r'=; 1Ju~ ~ L s++rr•. . This Instrument Pre red B ROUER POIT r2a ~T ~ ~ ~ First Federal Savings b lo~an Ass ciat~b~E.RK CIP.CUIY COU _ of Fort Pierce i~51S1 Chedced By G a c ta i n _ : t ~ a~ 175 ~:~29~.6 - - - } ~ ~ : - ~ r ~ ~ - . : _