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Home My WebLink About0143 ~ . ~ , ' , ~ . . ~ - . ~t ' 3. To plac~ a~d conH~~ouily ke~p on 1M bui~dings now or MreafiN ~itu~t~ on said lar+d and on all equipmenf ~nd penonaliy covered by thi~ mwtp- ap~, wilh d) prsmiums therean paid in full, fire iniurenc~ in ths usw! ~tandard policy fwm, in a tum approved by the MORiGAGEE, and windstwm irawance in tM uswl ttandard pofcy form, in a wm ~ppro~ed by the MORTCaAGEE, in wch company w companies ~s the MORTGAGEE m+y dk~ctj ~nd atl tire and winds?orm inswana polici~s on ~~y of uid build~~+ps, any intenit therein w p~rt the~eo(, i~ the agyregare sum afw~aaid or in exc~ss thereof, shal) contain rh~ uwal arandard morrgagee clwy or such othe? clsuw ai the Matpage~ may requ~rs, makirg the loss under isid poli- ciss, each end every, payable to said MORTGAGEE ~s its io~erest may appear, and esch and every auch poticy shall be prompNy ass:gned and dslivered to ~ny held by said MORTGAGEE as furrha security to said mor~yaye debt, and, nof leu 1Mn ten (10) days in advance of the expiration of each poliq, fo da IivN to iaid MORTGAGEE • renewal the~eof, top~tMr with a reteipt for the pr~mium of suth rancwal; and thero shall be no fire or winditorm insurante placed on ~ny of iaid buitdings, ~oy intere:t therein w pul thereof, unleu in the form and with tht lou payable as afweaidt aod in tFw event any svm of money becwn~a p~yabl~ unde~ such policy a policiss s+id MORTGAGEE shall haw tM optio~ ro receive and apaty ~he same on accoum of the indsbted- eest secured he?eby w lo permit said MORTGAGORS to reteiw and uu it p a~y part Ihereof for other purposes, wi~hout thereb~ waiving or impair- &g ~ny equity, lien w ri~ht vnder or by virtus of this mo:t9sp~r u+d in the ~vent s~~d MORTGAGORS shatl tor any reason fail fo kesp fhe said premises so inwred, or fsil to deliver promptly ~ny of said policies of i~surance to uid MORT('iAGEE, or fail promptly to psy fully any premium therefor w in any respect fail to perform, d~xha~gs, executs, effact, complete, comply wi~h aod abids by this covenant, w any pan hereof, sa~d MORTGAGEE may place and p~y for such insurN~c~ w any parf thereof without waivinp w affecfinp ~ny option, lien, equity, w right vnder w by virtve oi this Mwt9aye, ~nd the fu{) ~mauM of ea~~rnt! ewry such paymenf shall be immediately due ~nd psyable ~nd tMall bear intere~t from ths date thereoi until paid at the rate o} nine per cent~m per annum and together with tuch interesr sFwll be ucured by the lien of this mortg~ge. 4. To permit, commit or suffer ra waste, impeirment w dctcrioratan of wid prope+ty o? any pu1 thereof. 5. To pay all a~d singular tF+e sosb, chugti ind expensea, inctvding s reawrwble atto~~ey i fee snd cost: of abstracts of title, incuned o~ paid at any fime by said N10RTGAG£E, becavse w in the event of the failure on the part of the said MORTGACaOR to duly, promptly and fvlly pe~torm, d~uhsr~ execute, effect, comple~e, comply with and ab:de by each end every tF?e i~ipulation~, agreements, conditions, and covenants of :aid promissory ~ote and this mortpa9e any a e~the~, and uid costs, charges and expenses, exh and every, thall be immediately due and payable; whether w ~oi there bs norice d~ msnd, attempt to coltett or suit pend~ng; snd the full artw~nl of each and ere?y s~ch paymentshall bear interest from the date thereof until paid at the rate of nine per centum per annum; and all aaid costs, charges end expenses incurred w paid, togethe~ with such interest, shall be secured by the lie~ of this mortg~gs• Q That (a) in the avent of any breach of this Mortgsge w default on the part of the MORTGAGOR, or (b) in the event any of sa~d sum~ of money herein referred to be not promptly and fully p~id withi~ thirty (30) days ~ext after the same severally brcoma due snd payabte, wifFaut demand a noti5~. Or (c) in tha event each and everv the stiovlations, agreeme~ri, c ither are not , promptly and fully performed, dixharged, execured, effected, oompleted, complied with and abided yy, then in eithcr or any such event ths said ap~ yregate wm mentioned in said promissory note then remaining unpaid, with inte?est accrued, and all moneyn secured Ixreby, shall become due snd pay- abte forthwith, w thereafter, at the option of said MORTGAGEE, at fully and completely as if all of the said wms of money were uiginally st~pulated fo be paid o~ :uch day, anything in ya~d promissory rate or in this Matpsge fo the comrary notwithsunding; and thereupon or thereafte~ at the option of said MORTGAGEE, w~thout notice or demand, :vit at Iaw or in equity, there(we a thereafter begun, may be proaecuted as if all moneya secured hereby had matured pn« to its instituTion. 7. That in the evenf that at the bcgtnning of or at any time pending any w~t upw~ this Mortgage, w to faeclose it, w to refwm it, w to enforoe payment of sny claims hereunder, said MORTGAGEE shall apply ro the Court having jurisdiction thereof fw the appointment of a Reteiver, such Court shall Forthwith appaM a receiver of said mortgaged property all and si~gular, irxlud+ng all and singul:r the income, profits, iuues and revenues from whatever wurce derived, each and every o( which, it bein~ expreuly understood is hereby mortgaged as if specifically set fonh and deuribed in the granting and habendum cl~uses hereof, and s~ch Receiver shall have all Ihe bro~d and effective func~:wn and powers in anywise emrusted by a Court to a Receiver, and such sppointmertt shalt be made by such Court as sn admitted eqvity and a matter of absolute rigM fo said MORTGAGEE, and without reference to the +dequacy w insdequacy of the vslue of the property mortg~yed or to the sowency or insolvency of said MORiGAGOR or the rlefendants, and that such rents, profin, income, iuues and revenves sha~l be applied by sircfi Rece7ver accordiny to tha lien a equity of wid MORTGAGEE and the practice of such CouA. 8. To duly, promptty and fully pcrform, discharge, execute, effect, compk.te, comply with and abide by each and every the stipulatiom, agr~ements, conditions and coyenams ~n said promiuory note and this mortgage set "fath. - 9. That io ehe event the ownership of the mortgayed premises, or any part thereof, becomes vested in a person. other than the MORTGAGOR, the MORTGAGEE, its wccesson and auigns, may, without r~otice eo the MORT6AOR, deal with such sutcessor or successd in inte~est with reference /o this mortgsge and the debt hereby secursd in the aame mamxr as wifh Mortgagor without in eny way viti~~ing p dischar9ing the Mongagors' tiability hera under or upon the debt hereby secured. No sale oi the Fremises hercby mortgaged and no fabearsrxe on the part of the MpRTGAGEE or ih successors w auigro a~d no extension ot the time for the payment of the debt Frcreby sec~red given by the MORTGAGEf or its sucussors or ass~gns, shal! operate ro rekase, d~scharge, modify change or af(ect the oriyinal liabitity of the MORTG/1GOR herein, eitlxr in whok- or in part. 10. It is. spec;ficalfy agreed that time is of the euencs of this oontract ~nd that no waiver of a~y obfigatior~ 1?crevnder or of ths obligation se- ared hereby shall at any time thereafter be hetd ro be a waiver of the termi hereof w of the in;trumeM secured herby. " 11. In add~tion to tne fwego:ng mo~unly payments of princ'psl a~d interest required by the promiuory nore secured hereby, mortgagor covenants aod sgrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual tast of the follow- ` irg: ~ A-AO real property taxes kvied w assessed against the above described rest estate. ~ 8-Premiums on fire and windstmm inwrance as herein requ;red to be urried on the improvema~ri sitvate on the above deuribed premises. C-Premiums on wch mortgage guaranty insurance as mortgagee shall from t~rrie to time deem fit.to carry on tht loan secured hereby. ~ Mortgagee sha!I from time to time notify mortgagor i~ writinr of the amount due and psyablt her~~der and such sum shall thereupon be due and payable on the due oate of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums shati be applied by mortgagee toward the paymenf of real property taxes, insurarxe prem:ums, and mortgage guaranfy insurance premiums. IN WlTNESS WHER~Of, fhe said MORTGAGOR has hereunto set his hand and ~eal the day and ear fiirst aforesaid. Signed, Se a~d deliv m the presen s f: ~iC~~ an ~"t~P~'~~ _ m ~ . @! 1 1dII a j/ ~ _ sing e a u +n '~witness ~ sen¢ a y, a i oi~ SiATE Of ~IOC NEW .~ERSBY ~ COUNTY OF V zV fgSSEX , Befwe me penonally appeared Robezt Willian MeNally, a single adult and Elizabeth Irene Healy. a~IldOfr ~ to me well known and known to me to be the individwls described in and who executed ths foregdny instr~ment, and acknowledged before me that they executed the same fw the purposes flxrein expressed. WITNE55 my hand and offitial seal th' d~y of Rebr~r~Y i----,:.,, A_D 19~_ ~ C',c~,...A ~ --~~t,~';~t4:,,~:. Nyiry Public in ~ fw thdy~~f ~;(ar~ M Comm~uion e res: •c° ~~I~`~ . Refurn To: • ~ j,~'~•!t:: s-,_ - [ . firtt Ferleral Savings 3 loan Association Tf ti, ~'Q'. Oj Fort P~erce. - c.a,.i. ~ . =~',r- ~ii~~.• ,i,'~ '7:-~-t Fort Pierce. Florida c~ l' ~-r' _ T. iv~' r-:~i . . 1,~~J. ~ Y - e~.~(7Si,N,r`,~.~ ~ / ` • S t:0~:'i.,~t?~ ~~'~~i~''~, * ~ . This Instrument Prepared By Wv. E. Braun ' ~ty ccmr:~J'~;.;. .5,.. - First Federal Savings 8~ L e n Association d00K ~~43 ~-~.2 '~°2'~ of Fort Pierc Florida q ~ ` Chetked By . , ~ - - _ - ~ € _ _ s ~ ~ : ~ ~ _ ' _ k3.~ . . ,r ~ _ . ~ . 3 ~'S ~~~~f x , 4~T~~ ~ _ ~_..s 'E,_'~.._'!.~ . .'~ri "'X'~ +'y `rr.~£'