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Home My WebLink About1519 ` '!1 ~t"~•) ' 1 ~ ~3 . 9. To pt~ ~~d continuously ke~p on tM buildinp= now ar Mre~hK sitwt~ on ~aid land and on ~II equipm~nl and p~nonally cova~d by this mortq~ p~. with dl pr~mlwns ~Mreon p~id in fu~l, fin ~nsu~+nc~ in tF+~ uswl ue~lard policy form. in • sun+ approvad by tM MORiGAC,EE. ~nd win~htam imwa~ in th~ uwat st~ndard pol~cy fam, to a swn ~pprov~d by tFw MORTGAGEE. in wch companY w con+p+nies as tM MORTGAGfE m+y dindt ud •II tire and windstorm inwrana polici~s a+ anY of i+id bu~W:nys, ~ny inter~~t 1Mrein w p+n thereof, in tFr spgre9+te sum ~fo~tsaW o~ in excess Ihereof, sh+li contain tFa uwsl t~andxd matya~e clsuN w such aFw claus~ u tM Mor~y~gse may reqvu~. matinp tM loss undK uid pol} cie~, each +nd evay. parabt~ ro said MORTGAGfE ~s in in~erest may spp~a~. and each and ~wry such policy t1+~it b~ promptty ~ss:yned u+d delivK~d ro •~y held by said MORTGAGEE as fwther secu~ity to aid mortpay~ d~bt, and. nW hss thsn ten l10) dari i~ +dvar?ce of ti+t expiratw~ oi e~ch policy. 1o dr liva to iaid MORTGAGEE • rensw~l therwf, Iopt11?K with a rapipt for tha pr~mium of s~ch renewal; and the~e shall b~ no fi~s w wind~~orm ir~wr~nc~ pl~pd on ~ny of s+id bvildi~ps, any inte~~st tF~erein or p~rt thKeof, unless in tFw form and with tM I.:u payabk as afores~id: u+d in tht ew+N any wn~ of money becanes p+Y+b~e ur~de~ wd~ polky or polici~s s+id MORTGAGEE shall Mw the optio~ to receive and apply the same a+ accow?1 oi tM Indsbted~ 1NS3 iOtVfl~I IIf~QbY o? b permit s~id MORTGAGORS b notri+e and ~ it or any put thereof iw othcr purposa. wi~hout ~he.eb~ wrivi~~g a~mpair- iop sny p~ity, lia+t ar right or by virtw d this mortysy~j u+d in the ~vent aid MORTGAGORS shall fw any reasa? f~il to keep t'he s+~d p?emises w inwred, a f~il w d~iiver prompNy any of said policies of insvranc~ to said MORTGAGEE, or fail prometly ro pay fuUy any p~emivm tFx~efor a in any rospect fail to perfo~m, dixhug~, ~xecut~, effect, compkts, comply with and abid~ by ~his tovenant, or any part herwf, said MORTGAGEE may plat~ paY for wch inwranc~ or ~ny part thereof without w~ivi~p or aH~dinp ~ny opYan, Ikn. pvity. or right under o~ by vi.tw of this Mwtpape. and th~ fvll amount of each and every such paym~M ~II bs imm~diattly dw ~nd paysble and shall bsa~ interest from tM dat~ thereof until p~id ~t tM ~at~ ol nine per ca~tum pe~ ~~num ~nd toyether with such interest shall be setvred by tM lia~ of this morty+p~. To pKmit, oomndt w wfiK no wsste, Ynp~irrt~snt w dsteriw~Yan of ~aid property or ~ny pa~t thereof. S. To pay +il and sinputar the costs, chnpes aod e:Pa»es. indudirg a resson~bls sttomey s fN and costs of ~bstracq of titls, incwred a psW st any t'une by said MORTGAGEE. bec~use a in the event of tM failwe on tM pu1 of tFw said MORTGAGOR ro duly. promptly and futly periorm, discMr~R executs. sffed. compkt~, comply with a~d abid~ by ~+ch ~nd every the stipulations, agreeme^n, conditio~, and covenann of said {xomissory nots u+d this mortyape any o~ eitha. and ssid costs. chuycs and expenses, each and every. shall b~ immed'utely due a~d payable: whether o? not ehers be notice ds~ mand, a»empt ro colktt a s~it p~nJiegj and ths full amount of each and eve?y wch payment shall be~: imerest from the date thereof until patd ~t tht rate of nine pcr centum per ~iw~+: +ed all said costs, chupet ~nd ex~ns~a inQurred or paid. together with such interest, shitl b~ s~tu?ed br tFa lieo of ttia morty~p~. 6. TMt (a) in the eva+~t of sny breacfi of this Mortysp~ or defau!t on the part of the MORTGAGOR, a(b) in tl+e event any of said wms of nanty herein referred to bs not prompNy a~d fully paid within thirty (30) dsys next after the same severally become due ~nd payabk, without dem~nd a eaY~te. or W in the evem each ar+d every tl+e stipvlatioas, ~grsements, condi~ions and coven~nts of sa~d promissory oote and th~s rtwrlya9e any w eittu~ ~n no1 ivly, promptly snd fully perfo~med, dixhuped, ~x~cuad. ~ffected, compk~ed, compf~ad wi~h ar+d abided by, then in either or any such event tM a~id gregste svm aaentioned In said promissory note fhen remaining unpaid, wiM interest scuued, and alt moneys setured hcreby. sh~ll become dw u+d paY able (athwith, w thereahe~, et tl+e option of said MORTGAGEE, u fuly and completely ~s if ~fl of the said sums of money we~e wi9in~lly stipul~ted to be psid on svch day, anythirg in said promiuory oote or in this Mortysga to tM conuary r.atwithstanding; and the?eupon w thercafter at tM option of ssid MORTGAGEE, without ~rotice w dernand, wit at I~w or in equify, thereforo or thereaEter begun, may be prosecuted as if ~II moneys sacured hereby had mat~red prror to iri institution. 7, That in the event that a! the beginninp of w at sny time pendi~g sny wit upon this Mortg+ge, w to fwetlose it, or te reform it, a to enfora payment of sny claims herew~der, said MORTCaAGEE shall apply ro the CouA Mving 'ryrisdittion thereof for the s~ointment of ~ Reteiver, such Court sh+ll Forthwith ~ppoi~t s receiver of said mortg+yed prape??y all and sin~ular, includ~ng all and singu~ar the income, profits, lssues and revenuea fran whateve~ source derived. each and evcry of which, it beinp expressly understood. is hereby mwigaged as if specifitally set forth and desaibed 'a~ the S~anti++p snd habendum clauses hereof. ind sVCA RKN~Il~ lFNII AiV! sll the broad and effective functions ~nd powen in anywise entrusted by a Court to ~ Receiver, ~nd auch appointrt?ent shall be made by wch Ca?rt as an admitted equity and a matter of absolute riyht to said MORTGAGEE, u~d without reference to tl+s edequscy o? in~dequacy of the valw of the p~operty mwtg+ged or to the sohency w insolvency of said MORTGAGOR a the defenelants, ~nd thst ~uch - renu, profits, income, issves and revenues sh+ll be ~pplied by such Receiver according to the tien or eqvity of said MORTGAGEE a~! the practice of such Court. 8. To d~ly, promptly snd fvlly perform, d'nchar9e, execute. effect, oomptete, comply wifh ~nd abide by esch and every the stipul~tiorn. sg~eamanb, conditions u~d cuvenants in said promissory rate and this mortgage ut fwth. 9. Thar in the event the ownerslwp of the mort9sped premises, or arty part thNeof, beca~es vested in a person othe? than the MORTGAGOR, ti+~ MORTGAGEE, ib a~rcceuws and augro, may, without notite to the MORTGAOR, deal with such waessor w succeswr in interest with refdence to fhis moreyage and the d~bf hereby secured i~ the sama manner ~s with Mortgago. without in s~y way vitiatiny w d~scharging the Mortg~gws' (iabitity he~r under or upon the debt hereby secured. No ssle of the premises hereby mortgaged +nd rw forbearance on the p+rt of the IJWRTGAGEE or ih suaessors w auigns and no extension oi the time fw the paymeM of the debt hereby secured give~ by the MORTGAGEf or iri successon or assy~~s, shal) operst~ ro rekase, discharge, natlify thange w sffett the original liability of the MORTGAGOR herein, either ir? whole w in put. 10. lt is specifKally ayreed -~ha~ tim~ is of the esscnce of this contract ~nd that ~o w~iver of any oblegatan herevnder a of ths oblip~tioo st cured hereby shall at iny fime thtreaher be~Field fo be a waiver of the terma hereof w of tt?e iwtrumeM seEured Fierby. 11. In add~t~on to the forego:ng rnonthty psymenfs of print:psl and interest required by the praniuory nore secured hereby, mortgagor covensnri and ag~ees to pay to mortgagce with each monthly paymeM an addi~ional sum estimated by mwtgagee to be equal to 1/12 of the annval cost of the fdlow- • . . A-All real property taxes kvied or sucssed against the above deuribed real estate. B-P~emiums on fire and w'~ndstorm inswance as F?erein requ:red to be urried on the improvements sitwte an the above desvibed premises. ; C-Premiums o~ such mortgage gwranry insvnnce as mortgagee shall from t~me to time deem fif to carry on th! loan secured hereby. f Mortgagee :hall from time to tima notify martgsgor in writing of the artaunt due and payable hereunder and such wm shall therevpon be due ~nd payabk on tF?e due date of ~he next monthly payment and each s~ccessive month thereafter until mortgagee shall notify mortgagor of a change in such ~ amount. Suc~sums sF.all be applied y mortgsgee towsrd the payma+t of real proFxrty taxes, insurance prem:ums, and mwtgage guaranty inwrs~+ca i pre ' ~ - IN WITNE55 WHEREOF, id MORTGAGOR has hereunto set his hand and se:l the day and yeu ~nt af Sip~ed, Sealed snd: ed in the pr f: t , Otto . R , sin e adult n ~ ~ i n s~~e...' . . ~s.~0 ~c..n STATE OF NEW YORK ~ - COUNTY OF~, t ~~~C• ~ Otto J. R@y~ a single adult ~c fo.. me uy ,pp...ed ]DON~K te me well known and known b~ne to b~ ~thL~~p ibsd i~ and who ~ecut~d ths foregoinp instrurnent, and xknowledped before ms that ~Ix~ axec~ted the same for tM purpw~s ~ tlxQ~~r ' WITNE35 my hand and official seal dS• d~y of $e t6~e= A. D. 19_~. / ~ Notary Publk in snd for t State of-E~aid~•Orlorw ~ My Coa?mission expires: New 7c ~C Retwn Ta. ::1 r _ First federal Savl~gs 3 Loan Hs~ociation ~ . a l .~j ~ c_ ,l i.~ rr~~ ~ ' ~ Of Fort P~erce. THOMAS BRESS ' : fwt Pierce. Flo.ids ~tery' Public. State ot New Yortc i` o. 30-0410200. Qual. Nasuu Co. ~.o' Term Expues .IYtartA 30. 197! ,7"_~t : e4-~`~`-'~y ~ . This Instrument Prepared By J. D, Chastain ~ .~i =~--1 i°.=~ First Federal Sbvir.gs d~ loan Association << 7., ~ ~ j. ~ . of Fort Pierce ~ Flotida : ` = Y'~ OwR ~ ~ r£f~. ' _ ~h~~ By ~ 80 ~~15Z6 . . ~ v ~ .e. + - - - - ~ a,~~~~~