HomeMy WebLinkAbout1685 ' ~ • L ~
~
3. To pl+o~ u~d conNrwiousy ke~p on th~ buildinp~ row a Mr~ai»r ~itwt~ a+ aid I~nd and on ~II puipmMt and p~noaally aovK~d b1? tNs m°rq' ~
.p~, with all prNniums thKea? p+d in (vll. fin Insuru+c~ in tiN uwal ~undKd policy fo?m, in • sum approwd by th~ MORTGAGEE. ind wi~sronn
tos~xance in tM uswl ~qnd+.d pdky forny in • wm ~PP~~ M? tM MpRTGAGEE. in wd~ ca~wnY a+ oomP+nia a tM MORTGAGEE maY ~
dtnct, and all tin ~nd wL+dswnn kwurana polkia on aM? d ~aid euiWinp~, ~nr IntKat tl~ueb « put tMr~of, in tM apq~ep•~. wn+ •foraaid a
le ~xaa tMrwf, sh+ll oont~in tM uw+1 a«+d~.d ~a+9+p.. dw+~ o. such aM. c1•uw as ~h. Marpap.~ may rpuin, m~k{np tl+~ loss wxlK ~aid po~F t
ci~s, ~ach ~od ~vKy. paYablt ~o s~~d MORTGAGEE u its intKNt may ~pp~~. u~d Nth M+d wKY ~ P~~71 ~i ~ P~~^Ptly qt:~n~d u~d d~liwrad to i
~ny Mid by saW MORiGAGEE as fwtha acurity to uid matpsp~ d~W. snd. nW I~u thu~ bn li~ days in ~dv~na of th~ ~apir~~ion of ~ach policy. fo d? f
livK w ~aid MORTGAGEE • rawwal tMnof, top~tMr with • r~a~pt fa iM pnmiwn of wch r~Mwalj and tMn sfull b~ oo fw~ a wi~dsta~n i~tws~u ~
pl+ad on w~y of said buiWinps. +nl? ion.at tMr~in or p+n tMrwf, w+l~ss ie tM iwm ~nd witi~~1M bu paY~bb a~fa~s+id~ and in tM ~wet any ~wn
of moMy becan~~ p+Y~bl~ w+der wd~ policy a polici~a ~aW MORTGAGEE shall Mw th~ option q?~iw and ~pply tM s~nw on ~owunt of 1F~ M+d~bfed~
n~ss Ncw~d I~u~by a a pan?it s~id MORTGAGORS 1o nuiw and uN it a ~~y part thKeof fa ozhe~ pwposes, without thereb~ w+ivinp o~ impaiN
inp any puity, lit~ a riqht w~d+r w b~r virtw of thk rtwrtysp~r +~d ~ tM twnt wid AhORTGAGORS sMll for aoy ttason fail w ke~p th~ s+W p~~nisti ~o
iruured. o? bil b d~IhrK praopfiy ~ny of said politi~s of irqu?aK~ to s~id MORTGAGEE, p t~il promptly ro pay fully any pr~miwn therefw a in Nqr
r~sp~tt fail b pafo?m. diuhar~. ~x~cvt~, ~ff~ct. comp'~t~, comPh? with ud ~bW~ by this o~v«++nt, or any p~rt Iwrwf, s+id MORTGAGEE nwr pl~a ~nd
p~Y fa wd~ teawano~ or ~ny ~wt thKeof withoW w~iviny or ~ff~ainp +ny opYan. IMn, pvity. w riyht ~r a by virtw of this Maqp~, a~d tl+e
fuil amouot of each ~nd ~vKy svch p~ym~nt ~11 k» imr~edAtely dw and payabl~ and ~all bear inte?at f~om tM d~t~ therwf until p~id at tM ~aN o)
nin~ p~r untwn p~t ~rw+m ertd topNhe~ with wch inttr~u s1u11 b~ s~tvhd by th~ Iwn of this mort~ay~.
1. to pwndt. oomnit a suffv no w~st~ imP+irrt~eM a d~taiaatioo of a~id p~opKty a a~y paA therwf•
5. To p+y ~11 and sY+pufa tM co~M, ~ a~d ~xPKws, includinp a nafon~bl~ ~ttorn~y's fN and oosn of ibanacn of titl~. incwnd. w paW a~
any tim~ by said MORTGACsEE, b~uw~ a M Ms ~wnt of tfi~ f~iiw~ a+ tM p+~t of tM uid MORTGAGOR to duh. promMH +nd fully p~rform, dNClwr9~
execwa ~ffM. comPlN~. aomplY with w+d ~bid~ by ~ach and ~wry the stipulations, ~p~e~menri. oo~ditions. ~~d cown+nts of uid pranissory ~ot~ and th4
mo.rp~ ~Mr or ~ithN. and aid coats. chu~f and ~xp~ns~s. e~ch s~d ~wry, shall b~ irewnediatsy dw ~nd payaW~t wF~ether or not Mer~ be ootic~ dr
mu~d, ~n~mpt to oolkct or ~uN p~ndinpt ~d th~ fvll anwuot of ~xh and ewrY wd+ Wyment sh+ll b~ar iroerest fran th~ daq tMreof until paid ~t tM
rare of nier pe~ cantum per annumj and all s~td oosta, chu~s u+d ~xperass incurrad or paid, wpetF~ with wch IntKaL ~hall M s~cvred by tla lia~ of tl?a
f
6. 71wt in tM ~wat of any bnach of thi~ 1Norrpap~ or defwlt on Nr psn of ths MORTGAGOR, w(b) in tM ~vent uiy of ~id wna of moe~
heretn rofe~r~d to k» not promptly ud fully p~id within thirty (30) days n~xt ~fta~ tM sam~ sever~lly betomt dw +nd pay~bl~. without dem+nd o~ notip.
w(d M tl+s ~vent tath snd every th~ stipubtions. +9resn?ena. condiY~ons and coven+nn of u~d promissory not~ u~d tlws matya~~ any u Nth~t an no1
ivly, ao~ty «+a wur P..t«~+.d, d~~+«9.a, •x.cvad. ~ffect~d, aompl~rod. complied with and ~b'~ded bp, theo in eitlwr a aMr wch w~nt~tM s+~d aP
pregat~ sum m~ntaned in s~id promissory nob then rtm~inin~ w?paid, with intant xuwd, uid all mor~eys sscwed her~by. sh+ll baco~ne dw and pay~
able fathwitR or tMreaher, at tl+~ option of aid MORTGAGEE, as fvlly ud compl~tely as if all ot the wid swna of mon~y wer~ wipinaly snpulatsd
to be paid on wch day. anythirg in said promiuory not~ or in this Matpaye ro tM contrary notwi~hstandinp: and ther~upon or there~fter a~ tM op~ion of
said MORTGAGEE, without eatice w d~m~nd, wit at law or i~ ~quiry, therafwe or theresher begvn, may be prosec~ted +s if rta~eYt Na+nd MnbY
had m~twed p?iw to in imtitutia~.
7. Th+t in tM event that ~t ti+~ be~innGg of or at +ny tims pendinp +nr wit ~poo this Nbrtgag~, w to fa~clos~ h, or to rofonn h, o~ to ~nfwa
payment of any cla~ns hereunder, ~+id MORTGAGEE sMll apply to tM CouA haviny jurisdiction thsrwf fw the +ppointme~N of ~ Receivsr, such Cowt sh+ll
Forrhwith sppant • receiver of said mort~~Qet! ptoperty all and sirgular, includ~np all and sirgula?' tM income. pofin, issws and revenues fran whateva ;
wures d~rived, each and every of which, it beirg eapressly understood, is hereby mwtgaged a if spet7fically~ set forth ~nd describad in Ihe yr~ntirg ~nd t
habendwn daus~s hereof, ~nd such Receive? shall Mve all th~ boad snd effective functions and powe~s in snywise entrusted by a CouM to • Recsiva. and
such ~ppointment shall be m+d~ by wch Cowt ~s s~ sdmitted equity and a m+ner of absolut~ rght to said MORTGAGEE, uid without nferene~ to th~
adeqvacy w in~dequacy of tf» wlw of th~ property rnortp+ged w to the wlve~cy or insolvency of s~id MORTGAGOR or the defendants, u+d that wch
renrs, profin, income, iuues ~nd revenues sMll be applied by svch Receiver scoadiny to tha 1'~en w equity of wid MORTCsAGEE ~rd ths practice of such
Court.
8. To duy. Prw^Ptly ~e+d fully perfo~m, d'ischar9e, execute, effect, aomPk~e, oomplY with snd ~bids by Wch and twry the stipulatwm, ~rcements.
co~ditions and coven~nta in said promasory note snd this mortqsge aN forth. . ,
9. TMt in the everit the ownership of tha mort~ed p~emiies, or any put thereof, t+aoanes vested in • perwn other Nwn th~ N10RTGAGOR, th~
ARORTGAGEE. its wcceuws ~~d assigns, m+Y, witho~t roi~ce to the NWRTGAOR, deal with such wccessw a successw in interes~ wirh reference to this
mortya~ and fhe debt herebr setured in th~ same m~me~ as with Mortysgw without in any way vitiatiny w disclyrginp the Mortyagors' liability h~?e~
under w upon ~he debt hereby secu~ed. No ~sl~ of tM premises hereby morty+ped and no fwbesrance on the psh of the MORiGAGEE w iri sucoessors
or assigm ~nd no extcns~on of the time for N~e p~yment of the debt hereby secured giwn by tM MORTGAGEf w in wcc~sson or ass~y% shall opuaq
ro rekase, dischar~e, modify chanye or effect th~ oriy"uul liabiliry of the MORTGAGOR herein, eitl+er in whols a In psrt.
10. It is spec~fically agreed that time is of the essence of this ca?tract and that no w~iver of any obligar'an hawnder or of th~ obligatfon se-
cured Mrsby ~hau at any time thereafler be held fo be a waivat of th~ terms herwf w of tM irntrument sacured herby.
11. In addition to the faego:ng monthly payments of princ'psl and i~terest requued by the promissory note secured herebY, mortgagor covenanb
and agrees to pay to mortgagee with exh monthly payment ~n addition~l sum estima~ed by mwtg~gee to be equal to 1/12 of the annual cost of the follow-
ing:
A-Alt real property faxes kvied w assessed against tF~e above described resl estate.
B-Premivms on fire and windstwm insurance as herein required to be tarried on the improvemenfs situate on the above desaibed prertiues.
C-Premiums on such mortgsge gwnnty inswance aa mortgsgee shall from time to time deem fit to carry on the loan secured hereby. `
Mwtg~gee shall fiom time to time notify mortgagor in writiny of the amount due and payabk hereunder and such wm shall thereupon be due and
payable on tha due date of the next monthly payment and each successive month thereaher until mortgsgee shall nofify mortgagor of a charge in avch
I~ amount. Such wms shall be ~pplied by mortgagee towsrd the p+yment of real property taxes, inwruxe prem:vms, and mort9age 9ua?+nty inwranct
premiumf. R
E IN WITNE55 WHEREOF, the said MORTGAGOR has herevnto set his hand +nd seal the day ~nd r Pust aforesaid.
~ S;gmd, ivered in tM preseace of: ~ •
~ ry i
f
# ` • ~
~
STATE OF~O~C NBW YORK t
} i
1 ~
courm oF ~
lefa,,, m~ p~„a„~~h ,pp,.,,.d Louis Kole .~a
Blizabeth S. KOle I~s w~fe, to m~ vwll known ~nd krwwn to n» to b~
ths Individwb davibd In and who ~x~w~ed tM forpoirg irotrwmnt, and ~cknowkdped bsfore me that tMy ~zeaited tM sams for tht pwpo~a !
rn.«~ .~.~,.~d. ~„d „jJ Sliza?beth S. Kole
wif~ of tIN said ~~S Kole ~~,~~~Uillqjand.p~p~
ex~m'mstion by m~ taksn kpar~te and ap~rt hom her s~W Mnba~d. ~dcnowbclQed w and b~fort n~ that sh~ ~xewffd s~i~, t~~t.~~'i~ aioli~r
uriy w~d viritF~ovt ~nY oa++Pu4+on, oomtr~int, appr~l»euiq~,g.flar of or from her said Iwsband.
WITNESS m~r iwnd aed official w+l th:• 2~ day of ~l.~1~--
~ FtLED A~~O RECORDE ~ _ ~ `
~ ' c,T. WC1E COUchtY. FL~. M ~ ~ J- ~ _ ~ ~ : ,
~ ~ p e a~F~EO Y ~ . .
RffYf11 To: ~EY~^O ~i )-70, •
: ~l ~ .
~ F~ F.~..~ s ,?..~.,p„ 1`76446 .
Of Fort Pierce. ~ 'i-~ r? A~'"~ •
~ P~.~. F~.~~ ~69 APR 't AM l1. 43
r~ .
~ ~
This instrument Prepared By~ ~R06EtZ PO~TRAS '
Fi~:t Federal Saving: ~ loan Assiiiiil~~ C~ R C U IT C 0 U RT
of Fort Pierce
Checked By J. Collins -
~ aooK 176 1683
t _ ~
~ f
w~~`~~ ~ ~ ~ ~ ~
.
~ - . . . . ' _ . ' _ _ . _ . . '
~
~ ;
3
~F