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Home My WebLink About1307 ~ ~ , . ~ ~ l~t ' • + . 3. To pl~c~ and continuously keep on ths buildinpt now u Mveafta utuat~ on iaid land ~nd on all equipment ~r?d pasonally cove~ed by Ihis mort~ ag~, with all premiums ~hereon pa~d in full, fire insuranc~ in the usval standard poticy form, in a tum approv~d by the N10RiGAGEE. and wiixhtorm insuranc~ i~ the vswl sranda.d pol~cy fam, in a sum spp~oved by iF+~ MORTGACsEE, in wch comp+ny or companies +s th~ MORTGAGEE msy dinttJ u~d ~II tir~ and windsrorm insurance policies on any of said build~nps, ~ny intt~est therei~ o~ part thertof, in ~he a~rryate ium ~fu~said ot In exctss tixreof, shall cont~in the usuat standud mortgagee cla~s~ w such otFwr clsus~ u th~ Mortg~9ea may ~equir~, makinp tM loss vndN uid po~M cies, each and every, payabfe ro said MORTGAGEE as ~b i~tercit may ~ppea~. and exh a~d evNy iuch polity shall be promptly ass:yned and delivered to •ny held by uid MORTGAGEE +s tunher security to said mor~gage deb~, and, r+ol leu tMn ten (10I days in advance of the expiration of each polity, fo d~- liver to said MORTGAGEE a renewal thereof, toyethK with a receipt for the premium of suth re~+ewal; and there thall be no fire or windsto~m inwrant~ plsced on a~y of said building:, any intcrest therein w part thereof, unless in the fwm and with tF+e lou p~Yable as aforesaid; and in the ~wnt any sum of money becomes paya~le ~nder such policy a paliciss said MORTGAGEE shall have the opt~on to receive and apply the same on accoun~ of the indebted- neu setured hMeby w to permit said AAORTGAGORS to ?ece~vs ~nd ust it p any pa~t thereof for etiier purposes, ~vilhout th:reo,/ waivi~~g w ~mpair- iry any puity, lie~ a r~ght under « by virtue of this mortpage; ~nd in the event sa~d MORTGAGORS sha!I fw any reason fail to keep the said prem~ses so ensured, w fait ro deliver {xomptly any of said polities of insurance to ssid MORTGAGEE, ot fail promptly to pay fully any premium Iherefw ot in ~ny respect fail to perfwm, discharge, execute, e~fM, complete, comply with and abide by this cover+an~, w any part hareof, said MORTGAGEE may p~+t~ •nd pay for suth insu~ante or any part thc~cof without waivinp a affedi~g any optwn, lien, equiry, w righl under or by virtve of this Morlgsye, i~+d the Full amount of each and every such payment shall be immedi~tely due ar.d payable and shall bear interesl (rom the date thereof until paid a1 the raf~ of nine per centum per annum and to~e~her with such interest sha~l be secured by the lien of this mwtgage. To pemut, commil or suffer no waate, impairment or deterioraYron of said property ot any parl thereof. 5. To psy all and singular the costs, charges and expenses, irxluding a reasonable at~aney i fee and costs of abstracts of title, i~cwred o~ paid ~t any time by said MORiGAGE~, because a in tF+e event of the failure on ~he part of ~he said MORTGAGOR to duly, promptly and fully pertorm, discha~ge, execute, effcd, complete, comply v~eth and abide by each and every the st~pula+ions, agreements, conditioni, and mvenants of said promissory note and this ro~tflape any w ei~her, and u~d costs, charges and expenses, cach and every, shall be immediatety due and payable; whether w no1 there be notice d~ mand, anempt to coltect a suit pend~ng; and the fvll amounl of each and every such payment shati bear interes~ from the date thereof untii paid at Nx rate of ~ine per centum p~.~r annum; and all said costs, charges and expenses Incvrred or paid, togethet wdh such interest, sha0 be setured by the lien of thit mortgsge. 6. That in the event of any breach of this Mortgage w default on the part of the MdRTGAGOR, or (b) in the event +ny of satd sums of ma~ey herein refe?red to be not promptly and lully paid wirh~n th~rty (30) days next afrcr ~he same seve~a:ly become due and payable, without demand w noirce, or (c) in the event each artd every the atipulalions, ag~eements, conditions and covenants of sa,d promiuory note and th~s mortgage any or either are nW ~uly, p?omptly and futiy performed, d+xharged, executed, effected, comp~eted, compf~ed with and eb~ded `ay, the~ i~ either or any iuch event the said a¢ gregst~ wm mcNioned in said pranissory rwte tt~en remai~ing unpa~d, with interesl accrucd, and all moneys secured hereby, shall bec~ome due snd p~y- abk forthwith, a thereafter, at the option of said MORTGAGEE, as futly and comp~etely aa if all of the sa3d sums of money we~e wginally stipulated to be paid,on such day, anything in sa:d promisswy note or in this Mwtgage to the contrary notwithstanding; and tFxreupon w thers~fter ~t tht option of said MORTGAGFE, without norice o~ demsnd, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if sll rraneys setured heteby had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pe~ing any suit upon this Mwtgage, w to iareclose it, w to refwm it, or to enfwte payment of any ctaims Ae~eunder, said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof tor the appointment of a Receiver, such Court shal) forthwith appoint a receive. of said mwtgaged prooe?ty all and sirgula~, includ~ng ail and singu~ar the income, pro(its, iuues~ and revenues from whatever :ource derived. each a~d every of wh~ch, it being expressly understood, is hereby mortgaged as if specifically set forth and tkuribed in the g~anting and habendum dauses hereof, and such Receiver shail have all the broad arK! effective iunct~ons and powers in anywise entrusted by a Court to a Reteive~, and s~ch appointme~it shall be made by such Court as an aomitted equ~ty and a rnatter of absolute r~ght to sa~d AM1ORiGAGEE, and without reference ro the adequacy or inadeQuacy of the va?ve of the property mortgaged or to the w~ve~+c r~ or insolvency of said MORTGAGOR or the dafendants, and that such rents, profits, incume, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equiry of sa~d MORTGAGEE and the practice of such Court. 8. To duly, prompity and fully perform, d;scharge, execute, effect, complete, comp~y w~th and abide by each and every the stipulations, agreements, conditans and covenants in sa~d promissory note an~ this mortgage set fwlh. , , _ 9. That in the eve~t the ownership of the mortgaged premises, or any part thereof, becomes 'veafed in a ptrwn other fhan fhe MORTGACaOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mertgsge and the deb~ hereby secured in the same manner as w~sh Mortgagor without in any way vit~ating w d~scharging tht Mortgagors' liabi~ity here- under or ~pon the debt hereby secu~ed. No sale of the premises hereby mortgaged and no fo:bea~ance on the parl oi the MORTGAGEE or iri successon or assigns and no extension of the time for the payment of the debt hercby secured give~ by the lNORTGAGEE or its succe:sws or su~gns, shall operate to release, d~xharge, modify change w affect the original liab~lity of the MORiGAGOR herein, either in whole or in part. 10. It is spec~ficatly ag.eed that time is of the essence of this contract and thal no waiver of any obligat~on hereunder or of the obligation se- cured hereby shall at any time thereafter be hetd lo be a waiver of the terms hereof a of t1?e instrument secured herby. 11. in add:tio~ to ~itie foregol~g month~y paymaNS of princ'pa! and ioterest req~ired by the prom~ssory no~e secv~rd hereby, mortgagw tovenants and agrees to pay to rrortgagee vvnh each momhly payment an add~fional sum estm,ared by ~+wrtgagee to be equal to 1;' 12 of the annual cost of the follow- A-All real prope.ty taxrs lev~rd or assessed agai~st the above described real estate. i B-Prem:v~ns on f~re and w~ndsrorm ins~rar.ce as here~n requ:red to be cairied o~ the irt+provemeata s~tuate on the above dascribed premises. i C-Premiums on s~ch mortg:ge guaranty ir.suronce as mortgagee shail from. t:me to time tieem (it to tarry on the loan secured hereby. Mortgagee sha~: frem t6ne to t~me norify mortgagor in writing of the amou~t due and payable hereundrr and such surn shall thereupon be due ~nd ~ Gayable on the due date of rhe next monfh!y payment and each success~ve momh thereaher uatil mortgagee shall notify mortgagor of a charge in such a~:ount. $uch wms shr'i 5e applied by mortgagee toward the payment of real property taxes, i~surance prem:ums, a~x! mwtgage guaranty insurance i s p~emiums. - t ! INXIITNES~ 'rVNfR~O~. thc said MORTGAGOR has hereunto set his hand and seal the day and ar first afue id. ~ .~y~d, s~a~ed a~ .~e Ye~ ~ i~ t?+ .wes~~e of: FILEO AND RECORDEO' G -r + ~ ' ~ , c- cz-_-c e ST. LUCIE CUUNTY. F - '1Z'"J .q ~ ~ ~s ~.~r'rJ~'..(l VERlFJ~D • uOVa • rse~q ~ 1'79913 ~ n ~ '69 J~N 27 AM 10.~ ~ s •n STATE OF r~i1~OC OHIO ~ ~ ~ ~ COUNTY OF ~TQ~4r ~ ~ ~ John F. Donox~Q~~~ ~OITR~S Before me personaJy appeared Z.O~S C• DOI10VaA his wife, to me well known and known to me to b~ the individwts descr~bed in and who eaecuted the foregoinp instrumeM, and acknowledged befwe me that they executed the same fw ths p~rposes ~ rherein e:p?essed. Md the said j.O1S C~ ~OIIOV811 ~ of rrx .~sd .1ohn F. Donovan, Jr. ~,po„ . sepusts and privaM ~ e+caminsYwn by me taken separafe and apaA from her said husband, acknowledged fo and befwe me that she executed said instrument (reeFy md volvn- ~ ranly and without any compulsion, constrairtt, apprehen ion, or feat of w from FKr said hu;band. • „ . ~ ' • ~ ~ ` WITNESS my hand and official seal this~ day of " , ..A D. 19 CoROED ~ ~ , .y~~ . - ~ D~,Np R~~TY~ F~„r• Notary Public in nd for the Sta~e p06~~i1Q(~L ;OHIO ` F I1..E QV ~ r~ My Commission e~res: _ ~ Return To: c~i. L,t,Ci,~ ~:,~r: _ • 1'~.~ ` Fint Feder~l Savings 3 loan Associatioti. ^ ~ r ^ 15 $CBCE of Ohio ~ ~ • ~ Of fort P~e~ce. ~ ' ~ ~ ~ Fort Pierce. Fbrida `2 ~ ~ COUilty of Cuyaho~a ~ ~ ~t 6 p~ Cleveland, Ohio ~ ~ ; ~~9 %r`~ 11ER1CE 6. NiEHAUS. Nofary Public ~ ~ Lorain and C~ryahoga Ccun!~es ~ This Instrument Prepared B~-,t ~.~r. 'j CpURS My tommiuion eapires Mu. 29, 1~13 ~ First Federal Savings d. Loan Ass~oe~~RCU1T . . ~ of Fort Pierce CL-- Checked By J. Chastaia _ ~ 800X ~ l0 PA~E~,~ J 800K ~~S PA~E ~Ul ~ - ~ .t , . . cf ~ _ ~ ~ - ~m.:- ~._r. _ . , . ~ _ _ ~n~~