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Home My WebLink About2702 , • . . i . ~ ' ! 3. To ptate and continuously 4~ep on the b~i'.dirgs now or M~eaFtK Wtwt~ on sa~d land and on ail equlpment and person~lly covaed by this mortg i p~. with ~1) premiumi ?he?eon pa;d in fult, firo insuranc~ in ~M y~wl itandard poGq form. in a sum appro~ed by the MORiGAG:E. and windstorm i inswanc~ in ths ~swl ~~andard pol~cy fam, i~+ + aum +Pprovsd bY th~ MORTGAGEE, in iuch company w compan~ei sa tM MORTGACsEE may ! dirtd: and all fire and winds~o~m inwr~nce policies on +ny of sa~d build~nps. ~ny intertst thaei~ w part thereof, in tM aggre9a~e tum ~fo~twid ot i In ~xcesf Ihe~eof, shall cont~in the uswl standud mortgape+ claus~ w such o~ha claus~ ai IM Morty~ges m~y requ~r~. ma?inp ~he los~ unde~ ta~d poli~ t cies, each and every, paYabk ro said MORTGAGEE ~a in inte~eit may appear, and each and ~very ~uch poticy sh~ll b~ promp+ly ass yncd and delivered to a~y hetd by ia~d MORiGAGEE as furthar seturity to said mort~a9e debt, and, not kst 1ha~ ten l10) days in advsnce of the expiration ol eacl+ pol~q, to dr liw? ro iaid MORTGAGEE a renewal the~eof, topslF~ witA a receipt fw the pr~mium of such renewa!: ~nd then shall ba no iire o~ windsiam insur~nt~ ; plsud on ~ny of said buildi~gs, sny i~terctt therein or part the~eof, unleu in the fo~m snd with tM tou paysble as aforesaid; a~d In t!K event anY tum ! ; of mo~ey becomes p+yable undaY such policy w polkas ssid MORTGAGEE ?MII Mw the opt~on to receive and apply the samt on account of the indsbted~ neu ietured hereby a ro permit saed MORTGAGORS to reteivs and uf~ it Or ~ny parl Ihereof for orher purposes, without thsreo/ waivi~ig a~mpair- in~ any puity, liee or right under w by virtu~ of this mort9a~e; ud in tM ~veM w~d MORTGAGORS shall Ea any ~eawn fail to keep the said premius w insured, or iail b deliver promptly any of uid po~ides of insurence to s~id MORTGAGEE, a fail promptly to pay futly any premium thcrefor or i~ any reipect fail fo pwfam, d~schu9e, execut~, effact, complete, comply wi~h and ~bid~ by this cove~+snt, w any parf he~eof, ssid MORiGAGEE msy pl~ce and paY fo~ such inwrancs w~nY p~h tF+~reof without w~ivinp or affectirp ~ny option. lien, equity, o~ right unde. or by virtw of this M«t~~. ar~d thc fult amount o} each x+d every such paymem shall be imrnedutely dus ~nd psyable and ihall txar interest from tFa d~te thereof ~ntil paid ~t the raN of ~ nine per centum pa annum and together with such ir.tere+t shall be secwed by tM 1'ien of thii mortp~ge. I. To ptrmit, oommit a suffer ra wast~, imp+irment or deterioration of said property or any W?1 ~hereof• 5. To pay ~II ~nd ur+gu~ar the costs, chuges ~+d expenses, irxlud~rg ~ reaso~able atta~ey i fse and costs of abstrad~ of title, intvrred w psid at a~y time by said MORiGAGEE, because w in the event of the failure on the pah of tM ssid MORTGAGOR ro dvly, promptly ~nd fu:ly perfam, dixharg~, execute, effetL comptete, comply w~th and ab:de by each and every the stipulatwns, agrerme~n, conditiau, and covenants of uid promissory note ~nd this mwtgage any or eifher, ~nd said costs, charpes snd expenxs, each and evcry. ~h+ll bs immediatety dve and payabte: whNix~ w not there be notice de mand, attempt to tolkct or suit pe~ing; ~nd the full amount of e+ch and evtry suth payment ahaU bcar interesl from the date thereof until paid at tht rate of nine pcr ce~tum per annum; and all said costs, chsrgea ~nd expenses intvrred w paid, togethcr w~th such interest, shall bt tecured by the lien of Thi~ mortya~s. 6. Thet (a) in the event of a~y breach of this Mortgsge w default on the part of the MORTGAGOR, a(b) in ~he event ~ny of sa~d sums of money Ixrein refarred to be not promptly and fully paid within thirty (30) days nea~ after the sams ieveralty become due and payable. without dem~nd a norice, or (d in the eveM each snd every tF+e stiputatioro, agreemenn, conditions and coven+nn of u~d promiuory note and th~s mortgage any w either are nol ~uly, promplly and fully pe+fwmed, d~xharged, executed, effected, completed, complied with ~nd sbided by, then in e~ther w any such event tM said p- greyala wm mentioned in said promiuory note then remaining unpaid, with interest acuued, and all moneys seturcd hereby, shall betome due and p+y- able fwthwith, o? thereafter, at the opt~on oi said MORTGAGEE, as fully and completely as if all of the said sums of money were wg~nally atipulated to be paid on wch day, anythi~ io sa:d promiuory note w in tl?is Mortgage to the contrsry notwithstanding; and the?eupon or thereaiter at the option of sa~d MORTGAGEE, without notice a demand, suit at Iaw or in equity, tI1!!lFOfQ Of tI1OlNftN begu~, may be prosecuted ss if all moneys secured hereby ! had matured pr~or to its institution. 7. That in the event that at the beginnirg of or ~t any time pe++ding any wif upo~ this Mortgage, or to fweclose it, or to refwm it, a to enfwp } payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~a~on thereof for ~F~e appo~ntmem of a Receiver, wch Court shall , Forthwith appo~nt a receiver of said mortgsged property all snd singular, irxlud~ny all and singular the income, profits, iuves and revcnues from whatever i wurce derived, each and every of whKh, it be:ng expreuly understood, ia hereby mortgaged as if ipec;fically set forth and dewibed in the g~anting and habendum clauses hereof, and such Receivr shall have sIl tF+e broad and effective funcuons and powcrs in a~yw~se entrusted by a Court to a Receiver, ~nd ~ s~ch ~ppointment shall be mrde by such Co~n as an admitted eqvily and e matter of abso~ute right to said MORTGAGEE, ~nd witFwul referente to fhs 1 edequacy w inadequacy o! the wlue of the property mortpaged or to the wivency w insolvency ot seid MORTGAGOR or the defendants, a~d that such renn, profin, i~come, issues and revenues shall be applied by such Rece~ve~ according to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully per(orm, d7uharge, e:ecute, effect, complete, comply with and ~~ide by esch and every the stipulations, agreemenb, conditarn and covenams in sa~d promissory note and this rtwrtgage xt forth. ~ 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, becort+es vestcd in a pe?son othe? than the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, without notite to the lNORTGAOR, deal with such succeasor or successor in interest with reference fo thi~ morf9age and the debt hereby secured in the same man~ n with Mortgago? without in any way vitiating or discharging the Mortgsgors' lisbility hera under or upon the debt F~ereby secured. No ssle of the premises hereby mortgaged snd no forbearance on the pa~~ ot the MORTGAGEE or its succesao?s ar aasg~s and no extens~on of the time foe the paymem oi the debt hereby secured given by the MORTGAGE~ or its succeuors w suigns, sMll operats ro releax, discharge, modify change or affect the orginal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver oi any ob~igation hereunder or ef the obliyaYan se- cured hereby shall at any time thereafter be held to be a waivm of the terms hereoi or of the instrumeN secured herby. 11_ In add~tio~ to the fweqo:ng monthly payments of print'pal and interest required by the promissory note secured F~ereby, mcrtgagor covenanh and agrees to pay ?o mortgaqce with each mwithiy payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the an~ual cost of tlx follow- • i ing: A-All ~eal property taxes levied or assessed against the above described real estate. B-Prem~ums on fire and windstorm insurar.ce as herei~ requ:red to be carried on the improvements situate o~ the above described premises. C-Pre+niums on such mortgage guaranty insurance as mwtgagee shall Irom time to time dmn fit to carry on Ihe loan secured hereby. ~ Mortgagee shall from time to tirne notify mortgagor in writing of t1~e amount due ar.d payable hereunder and such sum shall thereupon be due and ' payabk on the due date of the next monthly payment and exh successive month thereafter urtil mortgagee shal! notify mortgagor of s change in su~Ji ~ amount_ Such sums sF.a11 be applied by mortgagee toward the paymsnt of real property taxes, irtsurance prem.ums, and mortgagt guaranty insur~nce { t premiWnS. ~ Y~ITNESS YdHEREOF, tlu said MORTGAGOR has hereunto set his hand and seat the day and year first aforesaid. . ~ ' ned, Seakd and de ' red in the esence ot: ~ ~ ~ 1~ gs ene Tugen e a wi ow ~`e~ ~ n..,n itness - o rs~,q STATE OF7EtOO~[ NEW YORK ~ 55. COUNTY Of s~fo,~ ,~,e ~~uy ,~ea~ed I rene Tliaender , a widow ~x ' ' to me well known a~d know~ to me to be ~ the individwl/ descr~bed in s~d who executed the foregoiny instrument, ~nd adcnowiedged before me t t~hej executed the same for tlie p~rposes ~ ~herein enpressed. - - ~ 'o!°mb~'a~t oo~~4nw~ae~~mc ~ 70~OCeOroC~tnm[~ac~a~xC[ ~ WITNESS my h~nd and officiel sesl tF~i day of ~~a~r A. D. i~- 54 % i ~ y • Notary Public en a+d fw the Stats ~ ~ _ My Commission e:pires: , . ~ ; ~ ~ ~ Rerum 7a ~ ~ R p,Rh1 ~~T ~ • i ~ ~ first federal Savings a toan Association . • F OF Ne~ , ~QARY PuBUCr STP.t _ y ~ - - - Of fost Pierte. ~_5~~15~ ~ ~ = ' ~ Fo.t r~nce. Fto.~da in Narau ;.;~~-'~i ti i•. U ~ ~ . - Qu~lA4Ed~p1f25 1AaS~h 30. 137~~ = ~ ' ' ~ ' ' ~nmiss~on . ~ ~ n • . ' r ~+~C `r, •r f~~:l i.a_~~•'~, ~ This Instrument Prepared;By J: D.:.~istain . First Federal Savings & Lo~r? Ascqciqtioh ,6 ' ~ of Fort Pierce +''~$'loz;~-~~' ~ ~ . . . ~a. ~ ;.,.,;,i,~~ ` . •r ~ Checked By d00K~V~ PACE~r~ f , ~ _ . ~ ~ E~ ~ ~ - ~ ~ _ _ t.. . . _ v _ _ y._ - ~