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Home My WebLink About0975 . ' . • 3. To plac~ and continuou~ly ke~p o~ the buitdinps r?ow a 1+~reaftN ~t~at~ on ~aid I~nd and on all equ~pment ~nd perwnally covered by this morty ag~, w~th all premiums tMreo~ p~id in full, fire insurance in tM uiwl sundard policy iwm, in • ium appravad by ths MORiGAGEE, snd windstorm inswance in tM uswl s~araard poliq lwm, i~ a sum approved by ~M MORTGAGEE, i~ s~rch company a compa~ies as the MORTGAGEE may dire:t; ~nd all fire snd windsro~m insvrana policies on any of s~id build~~+pi. any interost therein or part the~eof, in the apgregs~e fum ~toratak! ot in exceu thereoi, shall contain the usual standard mortga9ee clau~ w such otha c!suss as IM Mort9agee may requ~re, makinp ths loss unde~ s~~d poli~ ues, e+ch and eve~y, payable ro uid MORTGAGEE es its imereat may appear, and e~ch and ~very iuch poliq shalt b~ prompHy a~s.yned and delivered ro ~ny held by said MORTGAGEE as turther aecurity to said matpa9e debt, ~nd, ~ot leu IMn ten (10) days in advance of Ihe expiration of each policy, to de- I~ver !o said MORTGAGEE a reoewal thereof, toqethtt with a receipt fa Ihe premium of iuch ~enewal; and ~here ifiall be no f~re or winds~orm insursnce placed on ~ny of said buildinys, any interest therei~ or part thereof, ~nleu in the form and with the lou payable a~ atwesaid; u~d in tM evenl any suen of money becomes pay+bte u~de~ such policy a pol+cies wid MORTGAGEE shall ha~e the option to receive and spply the same on account of tF?e indebted- neu secured hereby w b petmit said MORTGAGOR$ ro reteiv~ u+d ute it or any part thereof fw other purpoaes, w~thout the~eb/ waiving w~mpair- ing any equify, lie~ w riyht unde~ a by vir~ue of this mors9a9e; and ie? tM ~vem iaid MORTGAGORS shall for sny reason fail to keep the said premises w ~ insured, w fail ro deliva pramptly ~~y of said policies of insurance to uid MORTGAGEE, a fail promptly to pay fully any premium therefw w in ~~y resped fail ro patwm, discha?ge, execute, effect, compiete, comply wifh and ~bid~ by this cove~ant, a a~y part hereof, said MORTGAGEE m~y place and 4 pay fw suth i+uurance a any pa~t thereof without waivir?~ a sfiettinp any option, lien, tq~ity, or rght undea oa by virtue of this Mwtga9s, ~nd the full amou~t of each and every s~ch payment shall bs immediately due ~nd payable ~nd shall bea~ inte~est from tha date the~eoi unfil paid e1 the rate ol nlne pe~ centum per annum and togetFxr with such interest shall be secured by the lien of this mortgage. 1. To pe~mit, commit w suffer no waste, impairme~t or deteraratan of ssid property w any part thereof• S. To pay all and singula the costs, charges ~nd expense~, includinp a reasonable ~ttwruy i fee and costs of abstracts of title, incurred o~ paid st any time by said MORTGAGfE, because or i~ the event of the failure oo the part of 1he iaid MORTGAGOR to duly, promp~ly and fully perform, diuharge, executa, effect, complete, comply with and ab~de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and thit mortgaye a~y or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whefher w not there be notice de mand, attempt to collett w tuit pending; a~d Ihe fvll amovM of each and e+rcry suth paymem shall bear imerest from the date thereof unti~ psid at the rate of nine per centum per annum; and all said costs, charges a~d expenses incurred or paid, together w~th such interest, shall be setured by the lien of thi~ mort~aye. 6. That (a) in the event of any breach of this Mortgsge or defaul~ on the part of the MQRTGAGOR, or (b) in tM event any oi se~d sums of money F herein referred to be not promptly and fully paid within thirty (30) days next after the same severalty become due and payable, without demand or notite, or in the event each snd every the stipufations, ~g~eements, conditions snd covenants of sa~d promiuory note and th~s mortgage any w either are not ~~ly, p~omptly a~d fully perfwmed, d~uharged, executed, effected, completed, complied with and ab~ded Sy, then in eilher or a~y s~ch eve~t ths said ag gre9ate sum mentioned in said promisswy note the~ remaining unpaid, with interest accrued, and all moneys secured hereby, thall become due and pay- able forthwith, or thereafter, at the oprion of said MORTGAGEE, as fully and completely as if all of lhe said sums of money were orginally stipulated ro be paid o~ such day, anything in said promissory note or in this Mortgsge to the cw+~rary notwithsfanding; and thereupon w thereafter at the option of said MORTGAGEE, without notice a demand, suit at law or in equity, therefwt or thereaite~ begun, may be prosecuted as if all moneys secured hereby F~ad maWred pr~w to its institution. 7. ?hst in the event thaf at the beginning of or ~t any time p~nding any suit upon this Mortgage, or to ~aeclose it, w to refwm it, w to e~force payment of any cla~ms he.eunder, said MORTGAGEE shsll apply to the Court having ju.isdictian thereof for the appointment of a Receiver, svch Court shall forthwith appoint a receiver of sa~d mortgaged prooerty atl and singutar, incltxl~ng all and singular the i~come, p~ofits, issues and revenues from whatever source derived, each and every of wh3ch, it be;ng expressly understood, is hereby mortgaged as if speufically set forth and deuribed in the g.anting and habendum clauses hereof, and such Receive? shall have all the broad and effective funct~ons and powers in anywise entrusted by s Court to a Receiver, and :~ch appointment shall be made by such Court as an admitted equiry and a matter of absolute right to said MORTGAGEE, and withoul reference to the adequaq or inadequacy of the value of the property mafgaged or to the sotvency a insolverxy oi said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receiver accwding to the lien w equity of said MORTGAGEE and the practice of such Court. ; 8. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulations, agrcem~nts, ? conditiona and covenams ~n sa~d promiuory note and th~s mortgage set forth, j 9. That in the evem the ownership of the mortgaged premises, a any part tFKreof, becomes vested in a perwn other than the MORTGAGOR, tF+~ h10RTGAGEE, ifs successors and assigns, may, without norice to the MORiGAOR, deal with such successor or successw in interest with reference to this ~ mortgsge and the deb~ hereby secured in the same manner as with Mortgagor without in any way vit~ating w distharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premixs he~eby mo.tgaged and no forbearance on the part of the MORTGAGEE or its successors ~ or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE'_ or its successas w assigns, shall operate 4 ~o release, d~uharge, modify change or affect the orig~nal l;abil~ty of the MORTGAGOR ixrein, eith~v in whole or i~ part. ~ 10. It is specifically agreed that time ia of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- ~ cured hereby shall at any time thereatter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add;tio~ to the forego:ng monthly paym~nts of princ'pal and interest required by the promissory nore secured hereby, mortgagor tovenants and agrees to pay to mo:tgagee vvith each monthly payment an add~iional sum est~mated by mortgagee to be equal to 1/12 of ttie annual cost of the follow- in9: ~ A-AII ?eal property taxes levied or assessed against the above desaibed real estate. , B-Prem~ums on fire and windstorm insu?ance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Prem~ums on such mortgage guaranty insurance as mortgagee shzll from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundx and such sum shall thereupon be due and i payable on the due date of the next monthty payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a thange in suth ~ amount. Such sums shall be appiied by matgagee toviard the payment of real property taxes, insurartce prcm:urtu, and morigage guaranty insurance ~ k premiums. ~ ~ E IN WITNE55 WHEREOf, the wid MO AGOR has hereunto set his hand and seal the day and ye first aforesaid. + Sealed a„ e ver ~n th presence of: / ~ ; ~ l CC~, ~ aq ~ s J. zz n ~ . ' ~ W].t'i SS / ~ ah . os hine Gizzi ' ~ai ss S7ATE OF~ar,~c NeW Jersey ~ ; COUN7Y OF ~SS ~~C ` ~ ~ eefwe me penonslly appeared ~~S J. Gizzi a~ Josephi.ne Gizzi his wife, to me well known and known 1o me to bs ~ ~ the individwb described in and who executed the foregoirg instrument, and xknowledged befwe me that they executed the same. ~foi.~the ~rrposes rherein expressed. And the saia Josephine ~'i~ZZl ~;y7~ ~i ~ ~ ~.~(e of rhe said ~~5 J. GiZ2i -.yluvai ~'Zep~c ~ .pr:va» ~ exam7naYwn by me taken separate and apart from her said husband, adcrwwledged to and befwe me that she executed saic~, iii~i~nY'ftse~ ~ ' rarily and withovt any compulsion, constraint, spprehens~on, or fear of or from her said hus . . ; v ' - . 7_., WITNESS my hand and official seal this ~ y~ day of ember ^ _ ~~1:4 ~ ~ 1 A / . . ' ~r''~ • i ~ (X C.. , _ _ _ ~ s Notary Public in ~nd fpr tF?e State of i~ @I'36~ My Commiuion expires: ~ ' Retum Ta ~ /7 0 : ~~k~:' ~ Fint Federal Savings a Loan Association . ( ~ Of Fort P~erca , ~ Fort Pierce, Florida ~ ~ ~ ~ ~ This Instrument Prepared By J. D. Chastain ~ ~ First Federal Savings b Loan Association of Fort Pierce ~ Florida ~ [ yi 0 ~ ~ ~i~ V ~ Checked By r~r- $0~ ~ ' ~ ~ pa ~ ~ ~ _ - _ ~ ~ _ ~ ~ : -h ~ ~ . _ ~