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HomeMy WebLinkAbout2631 ~ ~ 3. To placy ~nd ca+~Io~rovsly ke~p on tM buildinps rww w htreaftK ~itu~t~ on s~id lar?d and on +II equiprnent and pKSOnally tovered by this mw1~ ~ p~, with all premiums thenon pa~d in full, fire insu~a.~c~ in tF?~ usual standsrd poticy fwm, in • tum apprortd by tM MORiGAGEE, and windstwm } inwr~nct in tFa viwl standard pol~cy fam. in • sum app~oved by tM MORTGAGEE, in such company or compan~~s as tM MORTGAGEE ~n+y , d'uectJ ud ~II fi~~ ~nd windstorm inwranct polici~s on any of ssid buildinps, ~ny inr~rast tM~tin or part Ihereof, in tM aygre~at~ wm afottsaid o~ ~ In ucttss thenof, shall cont~in tM uiu~l siandard mortQ~ee cla~is or tuth otMr claus~ ai tM Matgayt~ may requu~. maki~ tM lou u~ sa~d polF des, tach ~nd ~wry, p~yable ro said MORTGAGEE as it• inte~est may appear, and each and every ~~ch policy shall b~ promptly ua:9ned and delivered Io any h~W by s~id MORiGAGEE as fur~her iecurity to said mort9~g~ debt, ~nd, not ~~u than ten (10) days in advsnce of ths exp'usYwn of Qach policy, fo da liw? ro said MORTGAGEE ~ ~enewal the~eof, tope~her wiih a retcipt for the premium of ivch rsnewal; and ~here shall be no fir~ a winds~o.m insu~ance plac~d on a~y of said buildirgs, a~y intertit therei~ w p~rt thereof, unteu in the form and with the lou payabl~ u sfwss+~d; a~+d ~n tM evtnt +e+y tum of eewn~y becomes pay~bl~ ueder such poliq a policies s+~d MORTGAGEE sMll Mve Ihe optio~ fo receive and apply tM same on accov~t ot the indabted- neu sscvred hKeby o~ to psrmit s~id MORTGAGORS to reteive u?ti uu it or any parf thereof fo~ other purposes, without the~eb~ waivi~ig w~mpair- inp any puiry. li~n a right under w by virtve of this mors9a9e; ~nd if1 tllf OvMt Wid MORTGAGORS shall fa any reason fail to keep tF?e ~aid prem~us so inwred, w fai) fo deliver promptly ~ny of said policies of insur~nce to said MORTGAGEE, or fail promptly to pay fully any premium fherefor w in any ~ rtspett fail ro perform, diuharge, eaetute, effect, compltte, comply with and abide by this covenanl, a a~y psrt nereof, said MORiGAGEE m+y p~~ce a~d ~ paY for such inw~anc~ w~~y p~rt thtreof without waivinp o~ ~ffedinp any option, lien, equity. o~ right under w by virtue of this Mort9ape. ~nd the ' full amo~nt of e+ch u~d tvsry such payment shall be immediately due and payable and shafl besr interes~ from ths date thereof vntil~paid ~t tM ~at~ ot ~ine per ca+tum pa annum and togNF+ar with such interest shall be secured by the lien of thii mortgage. 4. To permit, aommit ot wff~r no wsste, impairment a deterioratia? of said property ot eny part thereof. \ S. To pay all arid sirgvlar the costs, charges and expenses, including a ressonable atto~ney's fee and co~ts of abatrads o( title, inc~rred or paid at any time by said MORTGAGfE, because w in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fully perfwm, d~uhary~, execute, etfaN, complcte, comply with and sb:de by each and every the stip~lations, sgrecmenn, conditions, and covenants of said p~omiasory note and this mort9aye any or ei~her, and sa~d costs, chsrges and expenses, esch and every, shall be immediately due and payabSe; whether or not there be not~ce dr mand, attempt to tolkct w suit pending; and the full amount of tach and every suth paymeN shall bear interest from tl+e date thereof until p~id at the .ate of nine per centum pe~ annum; and all said costs, charges and expenses incurred or paid, together wnh such imerest, thall be secured by ths lien of thw mortyap~. b. Thaf (a) in M~e event of sny breach of ihis Mwtgage w default on the part of the MORTGAGOR, w(b) in the evenf any of sa~d sums of money herein refxred to be not p?omptly and fuily paid within th~rty (30) days oext after the aame seve~atly become due and payable, without demand w notice, or (d in the evem each snd every the stipulatians, agreements, co~ditions and covenants of u~d promissory note and th~s mortgage sny p either are not iufy, promptly and fuily perfwmtd, d~xharged, executed, effected, completed, complied with a~ ab~ded by, then in either or any such ewm tM ~aid a¢ yre9ate wm mentaned in said promiuwy note then remaining unpa~d, with iroerest accrued, and all money~ secured hereb~, shall become due and pay- ab~e fo?thwith, or thereafter, at the option of said MORTGAGEE, as fvlly and completely as ii all of the said wms of money werc aigin~lly it~pulated to be wid a+ svch day, anything in said promiuwy note or in this Mortgage to the contrary notwithstanding; and ther~pon w thereafter at the opt~on of said MORTGAGEE, without nolice or demand, suit at law d in equity, thcrefwe or thercatter begun, may be prosetuted u if all moneys secured hereby had matured pnw ro its irotiturion. 7. That in the event that at the beginning of or at any time pending anY su~t upon this Mortgage, a to fweclou it, or to reform it, or to enforce payment of any claims hereunder, ssid MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appo~ntment of a Receiver, such Cou?t shall , Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, iuues and +evenue~ from whatever source derived, each and every of which, it beinp expressly undrrstood, is hereby mongaged as if speciiically cet to~th and deuribed in tF?e yran~ing ~nd habendvm clauses hereof, and s~th Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, end such appointment shall be made by suth Court as an admitted equity and s matte~ of absolute right to said MORTGAGEE, end withou~ reference to the adequacy a inadequaq of the value of the property mortgaged w to the solve~cy or insolvency of said MORTGAGOR w the defendants, and that such rents, profits, incame, iu~es and revenues shall be applied by such Receiver according to the tien w equity of said MORTGAGEE and t~?e practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each snd every the stiptrlations, agreementa, ; condilans and coveoants ~n sa~d p!omissory ~ote and this matgage set f«th. ' 9. That in the event the ownership of the mortgsged premises, a any part thereof, becomes vested in a penon other ihan the MORTGAGOR, the MORTGAGEE, its successo?s and auigns, may, without no~ice to the MORTGAOR, deat with such successo? or successor in i~+teres~ with reference to this mwtgsge ~nd the debt hereby secured in the same manner as with Mortgagw wiihout i~ any way vitiating a diuharging the Mwtgsgori liability herr vnder d upon the debt heroby secured. No sale of the premises hereby mort9aged and no forbearance on the part of the MORTGAGEE w its successors w augns and no extension of the time for the payme~t of the debt hereby secured g:ven by the MORTGAGEE or its successors w auigns, shall operate to reiease, dixharge, modify change w affect the original liab~l~ty of the MORTGAGOR here7n, eithcr in whole or in part. ' 10. It is spec~fically agreed that time is of the esse~ce of this contract and that no waiver of any obligat~on hereunder w of the obligatan se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11_ In add~tion to the fo~egoing monthly payments of p~inc pal and inte~est requ~red by the p:om~uory r+ote secured he~eby, mortgagor tovenants and sgrees to pay to mortgagee with each monthly payrnent an add~rional sum est~n,ated by mortgagee to be equa! to 1~`12 oi the annual cost of the fotlow- ing: A-All real property taxes levied or assessed agai~st the above described reai estafe. ' B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts sit~ate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from t~mc to time deem fit to carry on the ban secured hereby. Mwtgagee shall from time to time notify mortgagor in writ~ng of the amount due artd payable hereundrr and such sum shall thereupon be due and ~ payable on the due date of the next month'.y payment and each successive month thereafter ur.til mortgagee shall notlfy mortgagw of a change in such ~ amount. Such sums sF.all be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mwtgaye guaranfy insuwnce premivms. ~ IN W~TNESS WHEREO , t said M TGAGOR has hereunto ut his hand and seal the day snd r first afwesaid. ( , e and 1' r in resence of: ,i al) tness _ scar Rozett nQSS Ali~ oze~ ~°'n } ~se.n STATE OF N~w .IERSEY 1 courm oF UiY~o~S/. ~'!1!'7'~'irr N.~ sefwe me persa?ally appeared OsC~?I ROZett A1~Ce R02@tt h~s wife, to me well known ~nd known to me to b~ tM individwb described io and who executed the foregoir~ instrument, and ~clcnovviedged before me tMt they executed the aams fw tF+e pu~pote~ : rr~~eM ~xa~a. a,d t~..~~d Alice Rozett ` wif~ of eFw sa~d ~SC~I ROZQtt ~ ~po~ • a~p~r~te and p?iv~t~ exam~nat3o~? by me taken separate and apart fram her s~id hvib~nd, ~ckrawledyed ro•nd befor~ me that ths executed siid instrument fceel~r ud volun- f ranly and w~thout any compulsion, coristraint, ~pprehens~ a feu of w trom her said husband. . ~ WIiNESS my hand and official seal this day of V ~'-A. b. i1~ ~ t ~ . ; i f Not~ry Public in and fw IM St+1i ~1~~f~1~ ~ Cemm~io~ . ssy ~ ~ J . .a r ,1?N~~: .~R. ~ d~i . ~ ' +V Retum Ta - ; ~ First F~dera) Savinys 8 losn /1lWCi~fiOO •J••••. ~ • •~?I. ~.c :~::i :SZSEY _ r- , `i ~ ' ' .~.r ca-,~:....~ o~~ ts~~ ~ Ep_ J~ . ~ Of fort P.erce. ; ~'L(J - F«, P«,«. F~~.~d, /U - - 7,3 FIL.E~ ANO ~N,~YJ ,••`'~'v ST. l.UC1E C~~RI~ ` ~E c~~ j~K~~3 This Instrument Prepared By J. D. Chastain 'O ; Za First Federal Savings 3 Loan Association +69 ,1Ut 22 ~ of Fort Pierce , Rlolida ~ ~ .1t' ~ Checked By ;~~"v~:~ i•OITRAS ~L~RK C1FtCU~Y ~OURT ~ SOOK ~~O PACE ~6~C~ ; ~ ?l ~ ~ - _ Y~ ` ? ~ , ~rv v'~~ . ~ ~ ~ .f ,r _4 . . . ~ ~ ~~~.,~t~ ~