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Home My WebLink About2612 3. To place and co~t~nuously keep on the bui!d~ng~ now a Mreaiter ~ituat~ on said Isnd and on all equ~pmen~ and personally covered by thii mwtg~ ~gs, w~th all p~emiums thereon pa~d in (ull, fire insurance in the usval seandard polity form, in ~ sum approved ~y the MORiGAGEE, a~d winds~orm i insurance in the usual ~~andard pol,cy fam, in a sum ~pproved by ~he MORTGAGfE, in iuch compa~y or com~an~ei as ~hs MORTGAGEE msy ' direch and all fire and w~ndito~m insura~ce policies on any of said buitd~rgs, any in~ere?t therein or part thereo(, in rhe aggreya}e sum aforess;d w M txce~s thereof, shall contain the vsual standard matgagee clsuse w such othe? cla~se ss the Mortflagee may requ~~e, makir~ the loss under fa~d poli- cies, each and every, payable to safd MORTGAGEE as its ~nterest may appcar, ~nd each and every such pot~cy shall be promptty au.gned and detivered to •ny held by sa~d MOR(GAGEE as fur~her securiry ro said mwtgaqe debf, and, not leu tF~an ten (10) dsys in advance oi the ezpirat~on of each policy, to da Iiver to said MORTGAGEE a renewal thercof, toge~her with a receiNl fw the premium of tu<h renewal; and ihere shall be no f~re or w~nds?orm insurancs placed on ~~y of uid buildings, any inte~est therein or part thereof, unless in the torm and with the loss payable as afwesaid; and in the evant eny ium of monsy betomes payable unde? suth policy a policiet said MORTGAGEE ~hall have the option to reteive and apply the same on attount of the indabted- ness tecu~ed hereby w to {xrmit uid MORiGAGORS to receive and use it p any par~ tl~reof for o:hrr uuryosrs, .•.~ihout th.~eb~ wsiving o~ unpair- ing any eq~~ty, tien w righf u~der or by virtue of this nw: rgage; arid in ths evem sa;d MORTGAGORS shall fw any reason faii to keep the said premises so ' inavrcd, or fail 1o delive~ promptly any of said policies of insurance to said MORiGAGEE, a fail promptly to pay fully any premium therefor w in a~y resped fail to per(am, discharge, execute, effect, complete, compty wi~h and ab~de by this cave~ant, w any parf hrreof, said MORTGAGEE may plate ind pay fa such iniurance or any part thereof wiihout waivinp a ~ffeaing any option, lien, cqu~ry, or rt~h~ under or by vir~ue of this Mo~tgaqe, and ~he full amount of tath and every suth payment shall be immedeately due a~d payable snd shall bear interest from tha date thereof untit paid at the rate of nine per ce~rum per an~um and to~ether wi~h such inte~esl shsll be secured by the lien of this matgage. , 1. io peimif, commit or suffer no waste, impairment or deterioration of aaid prope~ty or any part thereof. 5. To pay all and singutar the coats, charges and expenses, including a reasonable attaney i(ee and costs of abstracts of title, incurred w paid at any time by aaid MORTGAGfE, because a in the event of fhe iailure on ~he parl of the said MORTGAGOR ~o d~ly, promp~ly and {ully p~rform, d~uharge, e:ecute, effecr, complere, comply w+?h and ab:da by each and every the stipulanons, agreements, condi~ions, and covenanes of said p~om~ssory note artd this mortgage any o~ ei~her, and sald costs, charges and expenses, each and every, sF+a~l be immediately due and payable; whether w not there be r+o+Ke do- mand, attempt io coltKt w suit pend~ng; and the full amount of each and every tuch payrnrnt shall bear interest frpm the date thereof until p~id at the rale of nine pe~ centum per annum; and all said cosfs, charges and expenses inturred or paid, together w~th such interest, ahall be secured by the lien of thi~ mortyage. Q That (a) in ~he event of any breach of this Mwtgage or defautt on the par~ of the MORiGAGOR, a(b) in ~he event any of satd sums of money herein referred to be not promptly and fully paid within th~rty (30) days ~ext after Ihe same severally betome due and payable, without demand or notite, or (c) in the event each and every the stipulations, agreemenfs, tond~tions and covenants oi sa~d promi:sory note and th~s mortgage a~y w eirt~er are rwl ~uly, promptJy and fully pe~formed, d~scharged, executed, effected, completed, complied wi~h and ablded by, then in either or any such event ths iaid ag gregate sum mentioned in said promisswy nute then remaining unpaid, with imerest atcr~ed, and all moneys secured FKreby, shatl become due and pay- able forthwith, o~ thereafte~, at the opt~on of said MORTGAGEE, as fully and completely as if all o( the said sums of money were orginally st~pulated to be p+~d on such day, anything in sa,d prom~sswy note or in fhis Matgage ro the contrary notwithstandhig; and thereupon w thereafter at the oprion of said MORTGAGEE, w~ihout notice or demand, suil at law w in equity, tfxrefore or thereaf~er begun, may be prosecuted as if all moneys secured hereby had matWed pt~or to i!s instituLOn_ 7. That in the event that at the beginn~ng of or at any lime pending any su~t upon this Mortgage, w to foreclese it, or to refam it, or to enforce payment of a~y tlaims hereunder, said MORTGAGEE shall appty to the Court having jurisdiction thereof fw the appointment of a Reteiver, such Court shail forthwith appoint a receive~ o! sa;d mwtgaged prooerty all and singular, ~nclud~ng all and singular the income, prolits, issues and revenues from whatever source derived, each and every of which, i~ being expressly understood, is hereby mortgaged as if spec~fically set forth and dexribed in fhe granting and habendum clauses hereof, and such Receiver shall have ail the broad and effecrive funct~ons and powers in anywise entrvsled by ~ Court to a Receir•er, and such appointme:~t shall be made by such Court as an admitted equity and a matter of absolute right to aaid MORTGAGEE, and without re(erence to fM adequacy a inadequacy of the value of the p~operty mortgaged or to the solvency or insolvency of sacd MORiGAGOR or the defendants, and tha/ such rents, profits, intorne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and (ully perform, discharge, execute, effect, complete, comply with snd abide by each and every the stipulatiwu, agreerrKnts, conditions and covenanrs in sa~d promissory rtote and this mortgage sef forth. 9_ 7haf in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, its successors and assigns, may, wirhout notice to the ASORTGAOR, deal with such successor or successor in interest with reference to this morfgage and ?he deot hereby secured in the ssme manner as with Mortgagor without i~ any way ~iuating or dischargirtg the Mortgagors' liability hert under or upon the debt herehy secured. No sale of the premises hereby mortgaged and no forbearance on the part of ~he MORSGAGEE w its successon or assigns and no extension of the time fw ~he payment of the debt hereby securee! given by Ihe MORTGAGEf or its suc:esson or adsigrts, slul! operate to release, d:uharge, modify change or affM the originai tiability of the MORiGAGOR herei~, eithe~ in whole or in part. 10. It is spec~fically agreed that time ia of the essence of this contract and that no waiver of any obl;gation hereunder or of the obligation sr tured hereby shall at any time thereafter be neld to be e waiver of the terms hereof or of the instrument setured F.erby. I1. In add ~:o~ to the Forego'ng mor.thly payments ot p~inc'pa( aod interest required by the p~om7ssory .note sewred he~eby, mo~fgagor covenanis and agrees to pay to mo:tgagee with each monrhly payrnent an add~rional sum estin:ated by mortgagee to be equal to I% 12 of the annual cost of the follow- ing: A-All real prope~ty taxes levied or assessed agai~st the above dezcribed real estate. 8-Premi~rns oa fir~ and windstorm 7nsurar.ce as herein requ~red to be carried an tbe imp~ovemehts situate on the above desc~ibed premises. C-Pre+niums o~ such mwtgage guaranly ir.surar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shail from !i~ne to time r.otify mortgagor in writing of the amount due and payable hereunder and such sum shal~ thereupon be due and payable on the due date of the next month:y payment and each successive month thereafrer ur.tll mortgagee shall norify morfgagor of a c}wnge in such amount. Such sums sha f be app;ied by mortgagee toward the payment of real property tazes, insurance prem;ums, and r.iortgage gvaranfy insurance , pr 'ums_ ~ fN WITNE55 WNf OF jhe said MORTGAGOR has hereunto set his hand and sea! the day and year first af esaid. 5' Sea d e the prescnce of: ? ~ ar e e a yn a wi ow _ an ~ ~Wi , e s s : " ~ cs~n ~ ~-n ~ STATE O NEW YORK Y ~ couNTr vf 1 w L J~ C1 L' 1~- Befpe me penonally appeared MaZie J. R11mn+ a v~idoN? ~ ~ to me well known and known to me fo bs j the individual~ described in and who executed the foregang instrumec~t, and acknowledged before me thaf ~hey executed the aame for the pwposes Iherein expresxd. ~ 7l1I00f~0'ilb~X WITNESS my hand and official sesl thi day of C A O. t9StL Not Pub ic n nd fo Sfa a~.lu~ ~ Return To: My mission expires l~~ i Firtt Federi~ :$avings 3 Loan Association ' 4~~I Forf ?~erce. k t~ 2=''. ~ I ~ ` ` ' PiC~ce~ Flcrida f.: ti:'' + .~;ti , ~ - . .~i . . . . ,L1>r' ~ ~ 0 . , ' ~ ~ . ~ - ~ - ~ ` , • . . . - ' ~ 7Fiis Instroment Prepared By John W. Collins ==i First F~dBrot $dv~ngs & Loan Association ~ ~ ~ • ,b{ Fort Pierce~ Florida. . : - _ - Ch(ecked ! BY ~ ' ~ _ , . ' 800~ + ~ ; ~ . ~ _ . ~:r_ ,