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HomeMy WebLinkAbout2997 ~ 3. To pi~ ar+d continuwisly keep on the buildinys now w here+fter sitvat~ on sa~d land and on all equipm~nt and p~nonally cov~?~d by thii matp- sp~, with all premiums ~htrean pa~d in full, fire i~sura~ct in the us~al standard poiicy fam, in a tum ~pprov~d by tM MORTGA(aEE. ~nd winditam inwr~nc~ tn tFM uswl s~andard pol~cy fam, in a t~m ~pproved by ~he MORTG/?GEE, tn such comp~ny a comp+nies as tl+~ MORTGAGfE m~y du~ctt ~nd all fu~ ~nd w3nds~orm ii+surante polic~es on any of said build~nps, ~ny intere~t therein w part thereof, In tFw +~9~e9~q wm afaesaid o~ In ~xc~s1 therwf, shall conlain the wval staix)ud mor~ga9~s claust ot such othe~ clauss as tM Mat~agee may requ~r~, makinp ths lou under said po1F ci~s, ~sch and ~vNy, p+Yab~~ ro said MORTGAGEE a~ ~ts intcYat may ~ppeu, and cach and eve?y i~ch policy shatl (o~ promptly ass:y~~ed u+d delivered ~o ~ny MW by said MORTGAGEE as (ur~hcr security to ~aid matgage debt, a~d. ~+ot less than ten (10) days in adva~ce of IFa eapiration of e+ch policy, to da IivN ro iaid MORTGAGEE e re~+ewal the~eof, to9cthsr with a ~eceipt fw the p~emium ot suth rei+ewal; and tkere shall bs no fire a windstam insuru+t~ pl~ad on ~~y of said buildi~ys, any intcresl therei~ w par~ thereof, unleu in the form and wi~h the lou payable as a(«eu~d; ~nd in the eva?t any sum of moeKy becomes psyable vnda such policy a policies aid MORTGAGEE shall have tF~e optio~ to receive artd apply the same on acco~nl o( the indebted- ~ess sacur~d M~eby w~o permit said MORTGAGORS ~o receive and use it w any part thereof fa other purposes, wi~hwi th:reb~ waiving w~mpair- in0 any pu;ty, ~ien or right w+de~ w by virtue of this mo:!9age; and in the event sa~d AIORTGAGORS shall for any reason fail to keep the uid prem~ses so inwred, o~ iail 1o d~live~ promptly any of said policies ot insu~ancs to said MORTGAGEE, w fa~l promptiy to pay futly any prcmium the~efor or in ~ny nspaet tail w pKform, diuharge, execute, eftect, complete, comply with ar+d abide by th~s cove~anf, o? any part hareof, wid MQRTGAGEE may p~+cs and pay fa such inwranc~ ot any part thereof without waiviny or ~ffectinp any option, lien, equ~ty, a righ~ under or by virtw of this MortgaQe, u?d ths futl amoeint of each and ~wry s~ch payment shall be irtunediately due and payable and shall bear interesl from the date thereof ~mil paid a1 ths rate ot nin~ pe~ centum pu annum and to;~Nhe~ with such interest shali be secured by the lien o( thlt mortga9e. 1. To pamit, commit or suffer no waste, impairment a deteraration of said {xoperty or any part thereof. S. To pay all ~nd sinpula? the costs, charges and expenses, including s reasonable anorney's fee and costs of absrracts of title, incuned or paid st any time by wid MORTGAGfE, because or in the event of the failvre on the part of ~he said MORiGAGOR to duly, promptly and fully perfwm, diuharge, exetute, eifed, complet~, tomply with and ab:de by each and every the stipulations, agreementa, conditions, arxl covenants of said pra~ziuory note and thii mortyaye any or ei~ha. and sa~d cosn, charges and expe~ses. each and every. ihall be immediately due and payable: whe~her a not there be not~ce do- mu~d, attempt ro colktt ot suit pending; a~d the (ull amount of eath and every such paymeM shall bea? interes~ from the date therei,f until psid af the rate of nine per centurte per amium; and all said msts, charges and expenses incurred or paid, togelher with such intereil, shall be secured by the lien of fhis mortQsp~- 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the eve~t any of sa~d svms of monty F.erei~ rsferred ro be not promptly and fully paid within thirty (30) days next after the same severatly become due and payable, withovt demand o~ notice. or in the event each and every the stipvlatio~s, agreements, conditions a~d covenants of sa:d p~omissory note and this mutgage any w either are rwt ~uly, promptly and fullx perfo?med. d~uha~ged. executed, effected. completed, compGed with a~d abided ~iy, theo in either w any tuch eveM the isid sg gregstt wm mentioned i~ ssid promiuwy note then ~emaining unpaid, with imeres~ accrued, and atl moneys secured hereby, ahall becwne due and pay- sble fathwith, or thereafter, ~f the option of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were aiginally stipulated ro be paid on such day, anything in sa:d promissory note or in this M«tgage to the contrary notwithstanding; and Ihereupo~ or tF?ereaher ~t tF~e option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefwe or thereafte~ begun, may be prosecuted as if sl! morseys secured hereby had msrured pnor to in institurion. " • 7. ihat in the event that at the beginning of or at any time pending a~y suit upon this Mortgage, a to fwrclose it, or fo reform it, or to enfwce paymtnf of sny claims he?eunder, said MORTGAGEE shall apply to the Court having jurisdidion thereof tw the appointrrKnt of a Receiver, wch Cou?t shall Fathwith sppoint a rcteiver of said mwtgaged proQerty all and singular, intlud~ng all and singular the income, profiq, issues and revenves from whateve~ source derived, each and every of whKh, it being expressty undersiood, is F+ereby mwtgaged as if spec~fically set fwth and detvibed in the g?anring aed habendum clavses FKreof, and s~ch Rcceiver shalt have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted eqvity and a matter of absolute right to ssid MORTGAGEf, a~d withouf reference to ths adequscy or inadeqwcy of the val~e of the property mortgaged or to the sotvency or insolvency of said MORTGAG04 a the defendants, and that such renn, profin, income, iuves and revenues shall be applied by such Receiver accwding to the lien w equity of said MORTGAGEE and the practice of such Co~rt. 8. To duly, prompNy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations, agreements, conditions and covenann in sa~d promissory note and this m«tgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, in successors and usgns, may, w~thout notice to the MORTGAOR, deal with svch successor or successw in interest wi~h reference to this mwtgs9e and the debt hereby secured in the same manncr as with Mortgagw without in any way vitiating or dixharging the Mortgagors' lisbility hera under a upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors w assigns and no extension of the time for the paymeM of the debt hereby securcd given by the MORTGAGE'_ or its successors w auigns, shall operate to rekase, discharge, modify change w affect the original liabil~ty of ~he N?ORTGAGOR herein, either i~ whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. add~tion to the fwego:ng monthly payments of pri~c:pal and interest required by the proryissory note secured hereby, mortgagw covena}nt and agrees to pay eFt, e with each monthly pay~~nt an addirional sum estimated by mortgagee to be equal to 1/12 of•the annual co ~eiblfow- ~^9, A-All real property taxes levied or assessed agains ex~ibed real estate. B-Przmiums on fire and windstorm insurar.ce as herein requ~red to be carn rovemeats situate on the above desuibed premises. C-Premiums on such mortgage gvaranty insurar~ce as rrwr from time to time deem it the ioan secured hereby. I~ Mortgagee shail from time to time no ~ agor in writing of the amount due and payable herevnder and such su hereupon be due and j payable on the due date of monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagw o e in such ~ amount. Such applied by mortgagee toward the payn+ent of real property taxes, insurante prem:ums, and mortgage guaranfy i nce ~ ~ IN WITNESS WHERFOF, the id MORTGAGOR has hereunto set F~is Fwnd and seal the da year first aforesaid. ~d, 'v in the ptesence of: ~ ~ ° ' ~--o ~ n a . p . stnte oF K~C MASSACHUSETTS ~ ~ / couNnr oF ~f„~ p.,,o,,,~~y i5loodrow W . Dunlop .~d Kathryn D~llllOp his wife, to me well krawn and k~rn to me to be tM ind~vidwb described in ~nd who executed the fwegoiny instrument, and acknowledged before me that they executed the same fw ths purposes rne.~~ .xa.,.ed. ti+d rr» s~~d Kathryn S. Dunlop ,~,;t. of ~h, ,,;d l'~'oodrow W. Dunlop uP«, a sep..are «+d priv+a ex~min~tiw~ by me taken sepa?ate and ~parf from her said husband, acknowledgcd to a.~d before me that she executed s~id instrument freely and vdurr qrilr ~nd without aMr compul~iot+, consusint, apprehens" w f~u of w from her said husband. Febru r 69 ~ WITNE55 my Mnd snd officisf seal tF~i~~ day of f~ y A. D. 19 ~ - / ~ . R ~Cti~C ary Public in ~nd i ts of~f~~•. ~~~S ~1~~ .r.;, - ` My Co~n m~s~an ~z • PiF i~5A -r Retum To: - - ~vC~E, l.+al:y ~ > i ~ First Fder~t Savirgs i loa~ 1lssocieti~("lt;:~ - ~~tt.~~ / O~ Fort P~erca ~ ~ ~ ~ Fwt P~erce. Horida r ~ ~ ~ ~ g , 5~ ~ LJ~~~~vll ' , ~ ~ . ~y~„ C~ r ` . ~ V)i, ~ . ~~~~~H.: f~J LV 1 ' ~ , ~CVt~ C~)~It ~ ~ ^ This Instrument Prepar~d~K C~•• ~ , ' - - Fint Federal Savings b loan Association ' . of Fort Pierce 1?75~1~ _ . . , _ ; • . ~ • ~ , . ~ ~ Checked By J. Cha~tain . . . ~ ~ . . ~ ~ . - ~3 ~ 9Q0!! p~ICE > . ~ ~ ~ ~ ~ r = ~ _ - : ~'S~~ v . . _ ~ 'Y-~. ~r~~