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Home My WebLink About0162 s i' ~ 3. To plau and ca+tinuously keep on tM buildinps ~ww a MraaH~r situ~te o~ isid isnd and on ~II equiprMnt ~nd penonally cov~nd by this mort¢ sg~, with dl premivms therean pa~d in full, firo insu.aoc~ i~ tM ~s~al ~tandard policy form, in a sum approv~d by tM MORfGAGEf, and wi~to~m inwraec~ In tM uswl uandard pol~cy tum, in a wm approved by t!w MORTGAGEE, in wch comp~?y or mmpa~ies as tF+e MORTGAGEE en~y dirsctj and +II fi~e and w~nds~orm ins~rar+ce polities on any of taid buildinps, +ny iM~resl tF?erein or pu1 tF?ereof, i~ 1M a~rey+te wm a(or~saW or !n ~acess ~i+ereof, ~MII con~ai~ ths uswl standard mort9agH clsv~e or tuch aher ctavss a th~ Mwr~a~e~ may ~equu~, makinp tM loss u~de? said poli~ des, each and tvery, psyab~e to taid MORTGAGEE as in intere~t may sppear, and ~ach and ~vay cuch yc~icy ihall b~ promptly ass:ynad and dtlivered ~o any Fw{d by said MORTGAGEE as turther sccurity to said mutpage debt, snd, not leu 1Mn ten l10) deys in advanct of the e:pir~tion of each policy, fo d~- live~ to said MORTGAGEE a tenewal Ihereof, to~etha with a reteipt fw tfis pr~mi~m ot tuch rer+ewal; and ti+,;r~ shall be no fire a windstorm inwrae+c~ plecsd on ~ny of s+id buildings, sny intcrest therein or part thcreoi, unless in the form and with the lou payabk as ataesaid; u+d in 1M ewnt u?y sum of mw~ey becomes payable vnder such pollcy a policies ssid MORTGAGEf ~hatl haw ths option ro receive a~d apply the same on +ccouM of the IndebtecE neu saturqd heieby p b permit said MORTGAGORS ro receive ~nd us~ it ot any pa~t li~ereof for othc~ pu~pozes, without thereo/ waivi~i9 w~mpair- ~ng any puity. 1'~en ar ~igh1 ur~ a by virtue of this mort~sga; and in tF+~ ~vcnt uid MORTGAGORS shall fw any rcaion fsif to keep the said premiui so insured, O~ fail ro daliver promptly any of said politiei of insurante to said MORTGAGEE, a fail promptly lo pay fully ~ny pr~mivm the~efw p in iny respetl fail ro perform, discharge, execute, effecl, comptete, comply with ~nd +~bide by this covenant, or sny psrl he~eof, :aid MORiGAGEE m+y pl~p ~nd pay fw such insurance or ~ny part thareof without waivinp w affettinp any option, lien. equity, or ~ight under a by virtw of this Mw~9s9e, ar+d the tuN amovnt of ~ach u~d ~,r~.y s~ch paymero shall be immedi+tely due and payable ~nd shall bea~ interest from the date thereof until paid ~1 ths rat~ of nine per centum pet annum and to~ether with such inte~es~ shali be srcured by the lien of this matga9e, 4. To permit, commit w suffer no waste, impairmeM or deteriwation of said p~operry or any pa~t fhereof. S. To pay all and sin~ular the coats, charges ~nd expenses, inctuding a reasonable a?to~ney i fee snd costs of sbstractt ot title, iixurred w p~id at any time by said MORTGAGfE, betause o~ in the ~vent of the failure on Ihe. parl of ~he said MORTGAGOR to duly, promptly and fully perform, d~scM~pe, execute, effect, compkfe, comply with and abide by each and every Ihe stipulat~ons, sgreements, conditions, and covenants of said promissory note ar+d this mortyage any o~ eirher, aod u~d cosb, charges and expenses, each and every, shall be imr.~ediatety due and payabte; whe~her or not ~hcra be notice d~ mand, attempt to collect w suit pe~dingj and the full amouM of each and every auch payment shall bear interesf from 1he date thereof until paid ~t the ~ate oF nine per centum per annum; and all said costs, charges and ezpertses incurred or pairl, logelher with suth interest, ~hal) be ietured by the lian of ihiu mortgaps. 6. 1h~f in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d ivma of ma»y herein referred to be not promptly and fully paid wirhin th~rty (30) days nex~ after the same severa!!y become d~: and pay~ble, without demand o~ notice, or in the evem each and every the stipulations, agrecments, conditions a~d covenants of sa;d promissory note e~:d th~i mortga~e any w eithcr are r+W ~uly, prompdy and tulty performed, d~xharged, execvted, eifeded, completed, complied with and abided by, then in e~ther a any such ~vent fM aaid ap- greqate sum mentioned in said promisswy note then remaining unpa~d, with interest accru~d, and all moneys secured hereby, sAall betome dw and p~y- able forthwith, or tFx~eafte., at the option of said MORTGAGEE, ai f~lly and completely as ii all of the said sums of money were o?girutly supulated to be pa~d on such day, anything in said promissory note or in this Mwtgage ro the contrary notwithstanding; and tl?ereupon or thereefter st the optioe of said MORTGAGEE, without notice or demand, suit at law or in equity, therefae w thereafter begun, may be proaecuted as if all moneys secvr~d hereby had matured pnw to ~ts inst~tution. 7. That in the event that at the beginning of w at any timc pe~ding any suit upo~ this Mortgage, or ro fweclose it, or to ~efa,n !f, or fo enforce paymer:t of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction ~hereof ior the appo~ntment of ~ ReceiveY, such Court shal! for~hwith appoint a receiver of said mcrtgaged property all and singulsr, includ~ng ail and singular Ihe intome, prpfits, iuues~ ~nd revenues irom whatever source derived, each and every of which, it being expreuly understood, is hereby mortgaged as if speciiically set fath and described in the gr~ating and habendum clauses hereof, and such Receive? shatl have all the broad and effective fu~ct~ons and powers in anywise entrusted by a Courf to a Receiver, and such appointmcnt shall be made by such Court as an admitted equity and a maner of absolute right ro said NK?RTGAGEE, ind withoul referente ro tha adeqvaty p inadequaty af the ralue of the property mortgaged o~ fo the sowency o~ insolvency o( iaid MORiGAGOR a the defendants, and that such renrs, profiK, income, iuues and revenues shall be applied by such Receiver accordir?g to the {ien or equity of said MORTGAGEE and the practice of such Courf. 8. To dvly, promprly and fully perform, discharge, execute, effect, complete, comply wifh snd abide by each and every the stipulatwns, agreements, conditions snd covena~n in :a~d promiuory note a~d this mortgage set forth_ , ~ _ 9. That in the eveM the ownership of the mwtgsged prcmises, w any part thereof, becomes 'iresled in a pierson other than ihe MORTGAGOR, the MORTGAGEE, irs successws and assigns, may, without not;ce to the MORTGAOR, deaf with such successor a successar in interest with referente to this mo:tgage and tF?e debt hereby secured in the same manner as with Mortgago? without in any way vitiating w d~scha~gi~g the Mortgagors' lisbility Fkra under or upon ehe debf heraby secur~. No sale of the premises hereby mortgaged and ~o fwbearonce on the pa~t of 1he MORTGAGEE w its s~ccesson or nssigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE'_ or its successors or auigns, shall ope~ate to release, discharge, modify cha~ge or afiett the originsl liability of the MORTGAGOR here7n, either in whok or i~ pa?t. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gation herevndcr or of !he obligation sr cvred 1~ereby shali at any time thereafttr be held to be a waiver o( the terms hereoi or of the instrument iecured herby. 11. In add~t[o~ to tiie forego:ng monthly payments of princ'pal and interest requ~red by the promtssory note securrd hereby, rtw?tgagor tovenants 3 and agrees to pay to mo:tgagee with each mo~thly payrnent an add~rional sum es~~mated by mwtgagee to be equai to lj 12 of the annual cosf of the fo!!ow- ing: ~ A-All real property taxes levied or assessed agai~st the above described real estate. ` 8-Prem~u:ns on fire and windstorm insurar.ce as herein requ~red to be carried on the ifiprovements situate on the sbove described premises. C-Premii•o~s on such mwtg~,e guaranty ir.surance as mortgagee shail from t;me to time deem fit fo tarry on the loan secured hereby. 4 Mongagee shafl from time to time notify mortgagor in writ~ng of the am.ount du~ and payable hereundrr and such s~m shall inerwpon be due and F.ayable on the due oate of thz ~ext month!y payment and each successive mo~th thereaftrr until mortgagee shall notify mortgagor of a cha~ge in suth an,ount. 5uch sums st~a~l be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~?d mortgage guaranty inwrance premiums. . I~N/~ ITNESS WMEREOF, Ihe said MORTGAGOR has hereunto set his hand and seal the day and ar fint afores id. ~~gned, Spated an Ie ver jn th~presence o4: / 1 ` ~ , t, • ~ .,t~.~J ~ fl@S . 8A • - ~sQ aq - - ~ ~ a-~c.a-s~t-/ r~..n Lois c..~ Do STATE OF ~C OHIO ~ COUNTY OF -s~L~a 00 SfL ~ Befwe me personaly sppeared .10~1 F• D0110V8A,~ .jX. T.03.S C• ~OIlOVd=i his wiie, to ma well known aod known fo me to b~ tF.e individwls desc.ibed in and who execvted tla foreyoiny instrument, end ackoowledged bafore me that they executed the same fw the p~rposes rherein ezpressed. And the said ~+O~S • ~ODOVdIl w~fe of the ss;d - - .lO~lll F . Donovan, .lt • ~ipon • ;epuate and priv~q examinstia~ by me taken upsrate and aparf from her s~id husband, ~ckiwwledyed to and befwe me tMt the exetuted said instrtxhent f(lltf~I and volurr rarily and without any computsion, cautraint, appre , or fssr af or from her said husb+nd. ~ ~ WITNESS my Mnd and official sea! thi day of ~ . A. D. 19 ~ . : RE~~R~E~• ~ . . " • p~,ND Y~ F1~?~• Notary Public in nd fw the Stat~' .OH30 F«-~ C~~ COV~~ t-,: J My Commission e"rls: - Return To: 7i. L'L,.(`.Y~ . _ ~ • , . , - Fint federa! Savings 8 Loan Associat;oti - I,~ ,~2~.5 State of Ohio j 1 ~ ` Of Fort P:erce. ' . Fwt Pitrce, Florida ~Z ~ ~ COi2tlt~I of Cuyaho~a ' ~ J : `3 ~ E ~t`'t ~ Cleveland, Ohio ~ '69 ~ ~~c~ c. NIEHAUS, Notary Publk /7~~~ . c~ Ftx I,orain and Cuyahoga Caur;~es This Instrument P~epared By,~, ,~r i•N' ' P~~ URT 1~I~r commission expres htar. 29, 1~7a First Federal Savings E~ Loan Ass~io~~FtCU~~ C~ ' of Fort Pierte C~-~ ' Checked By J. Chastaia d001i ~70 PA~E ~ { . l' - cf ~ ~ r:- n~ ~ _ ..~~v,~ , ~ . , ~