HomeMy WebLinkAbout0330 .
. ~
3. To pl~c~ and continuously ks~p on the bui!d~nps now a Mr~aftN ~itu~t~ on said land ard on all equipinem ~nd p~rwnally tovered by thi~ mortq-
p~, with •11 prtmium~ lheteon p~~d in fvll, fir~ insur~nc• ~n tM u~ual s~and~rd poiity form, in a•um •p~xav~d by 1M MORiGAGEE, an~ w+ndstam
~n~ur~nc~ in tM usud i~i~dard pol~cy fwrt?, in a ~um ~pp~ov~d by tM MORiGAGEE, in s~ch comp~~y w ccmpa~~~rs ~i ~he MORTGAGEE m~y
dirtt~j ~nd ~II (ir~ a+~d w~nd~ro~m inwr~nc~ polKie~ a+ any o( s~~d build~npt, ~~y intaest tFxr~in o~ par~ thereol, i~ ~hs a99~apa~e sum •taesaid o~
~ac~a ~herwf, ~MII contai~ ~M uswl s~~nda~d ma~p+~~+ claus~ or iuch otiur claus~ ai the Ma~y+qee may ~eQu~~~. m~k~np ~hs loas under ~a~d poli~
cip, each and ~vay, p~yaW~ W Hid MORTGAGEE ~s ~~s inle+ett may ~pp~ar. ~nd e~t~ and evs~y iuch poi~cy ~hall be promptty ~it.yned and detive~ed ~o
any Mld by ia~d MORTGAGEE as tur~l?k aeurity tc• t~+d mor~pay~ d~bt. +~+d. not ku ~Me? ten (101 days in advaiK~ of ehs •xp~ra+~o~ oi each pol~cy, to d~-
live~ lo ~id MORTGAGEE ~ renewal th~rw/, topt~ha wi?h ~ raieipt fw tM p?~mium ot such renewal; and the~s shall bs no f~r• o~ winds~o~m intu~~nc•
pt~ced on ~ny of iaid buildinp~, any i~terpt fha~i~ q put thereof, ~~leu in tht furm ~nd w~th tM ~oss pay~ble as afwesaid; u+d in ~1+~ evenl any ~um
04 mon~y becwne~ payabM w~de~ iuch pdicy or pefic~ said MORTGAGEE thall Mw ~M opt~on ro rece~vs and apply ~1,e sa~ne on ~ccoun~ ol ~he i~,deb~~f-
neu sscvr~d ht~eby o~ I~o pHmit ~aid MORTGAG~RS 1o receiw and uM it O~ +~Y part lhercof for athrr purposes, w~~hout ~h_r,u~ waiv~ ~g o~ ~mp~~~-
in~ any p~~ty, lis~ w ri9ht undM a by virtw of this mat~ap~; ~nd i~ tM ~v~~t u~d MORTGAGORS ths!) fw a~y reawn tail to keep tF+e s+id premiu» w
er+sured, o? fail b d~liv~t promplly ~ny of ~aid po~~eies of insurar+t~ b said MORTGAGEE, w fail promptty to pay lulty_ any p~e~nium theretp a in any
respect (ail ro pNtam, dischary~, ~xecvt~, ~ffact, compl~~~, comply witA ~nd +b~de by this cove~+ant, ot anY parl h:reof, uid MORTGAGEE m~y place •~~d
paY fw ~uch inwranc~ or any parf tF+Neof wi~hout w~lvinp w affectinp any option, li~n. eq~~ty, o~ ripM unde~ a by virtw of this Mortya~~. ~nd tM
full ~mo~m of eac~ and twry such paym~nl ihal) b~ invnedi~fely dw ~r+d p~yable ~nd iM11 be~r intere~l from tM date thereof u~~ifl paid at the rsts ol
n~ne per cenrum per annum and to~eihe~ wi~h ~ucA interes~ shall be sacured by the li~n of th~s mor~9+fle.
1. To p~rmit, commit a suFfs~ no wast~, Impairmero w deteriw~tan of said property a any pa~t thereof.
S. To pay ~11 and tinpulu tM cost~, ch~~qes a+~d ~Ypa+ses, u+dudi.g a reaso~~ble attorney's (ee a~d co~n o( abstracts oi title, incurred w psid at
any time by isid NWRTGAG:E, becaus~ or in tM evero of the fa~ivre on the part ot ~M said MORTGAGOR to du1y, promptly and fully p~vfam, d~uharg~.
execu». ~t(et~. tomplet~. complY with ar+d ab:d~ by ~xh and every ~he stipuiatwna, agreements. cw+ditions. •nd covenanes of s~id promissory note a~ul ~h~i
mortgp~ any a eithN. arx! ie~d costs, cha~qes and ~xpensea, each ard wKy. sMll be immed~ately due and payable: whe~her a nof ~hero be nof~ce do-
mand, attempt to mllett or wit p~ndi++~: and the full anav~t ol e+th and every such payment sMll bear iroeres~ from the date Ihereol until paid at Iht
rate of nine per centum pw ~mium; a~d all ~id cos», cMrqes ~nd e~~ui incwred w paid, together w+th such intarest, sha11 be secured by fhe I~en o1 th~s
mwlpag~.
6. TMf in th~ ~vent of «~y b.each of th~s Mo.~y+~e « dera~i~ a. ~n. P+n of ~M MORTGAGOR, or (b) in the event any o~ sa.d sums of mo~eq
herein rtferred ro be not prompfly and fully paid wifhin thirty (30! days nex~ at~er the same ieveratly beca,N due and payable. wi~hovt demend w ~+orice,
or (c) in tM tv~nt each ~nd ivery iM stipwlations, s~rasrtKnn, ce~dirions and covenants of ia.d praniswry no~e and tA~s mor~pafle any a ei~her •re nof
~uly, promptly and lully performed, diutur9ed, e:ecutd, effected, completed, complied wi~h and ab~ded 5y, then in e+~her or any •uch evem Ihe sa,d ~g
gre9att wm mentiarod in said ptom~ssoty not~ thM remaining unp~~d, with intNest xtrued, and a~t moneys secu~ed hereby, shal~ become d~e and pay
able forihw~th, 01 tMltNRN. ~t the option of said MORiGAGEE, as fvlly and compleiefy as it sil of ~he w~d sums of money were aglns!ly u~pvfa~ed
ro be pa~d on such day, anythinp in sa~d p~omiuary nota w in thn Mwtyaqe to the contrary noP.vithstand~ny; and ~hereupon w thereafte~ a~ the op~~on o}
sa~d MORTGAGEE, w~thovt not~ca w demand, suit at law or in puity, therefor~ a therc+ftsr begun, may be proaecuted as i( all moneys secured hereby
nad matured prwr to institution.
T. That in tht evem that ~t ths be~inn~r?p oi o? ~t aay ~ime p~r+dinp any suit vpon this Morty~qe, w ro fweclose it, w to re(o~m i~, or to enfwce
payment of any claims lrorevnder, s~id MORTGAGEE tha8 ~ppty lo the Cou.t Mviny jurisdkiion thercof Iw ~he appo~mmeru of ~ Receirer, such Court shsfl
fwthwirh appo~nt s receivtr of said mwep~ed proQerfy all ~nd sin~ul~r, ihclud~nq all ar.d fingutar the ir.come, p~of~ts, is~ves aM! rcvtnues from wha~ever
w~•ce derived. each and every of which, it bt~np szpreuly und~rttood, is A~reby mortgagcd as i1 speofically xt tortR a.+d dexnbed in the granting and
habeodum clauses hereof, and such Receiver shsll h~ve all Ihe b~oad +nd effective fu~cnons and powas in anywise entrusted by a Cou~t to a Recri~er, and
s~ch appointment shall bc made by such Cour1 as a~ admitted equity ar?d a mstta of abso~utr right to said MORTGAGEE, and w~thout relerence to the
adequatp o? inadequxy of the wlue of Ihe p~operty mwtpa9ed w to tAe sotvency or insolvency ol sa~d MORTGAGOR a the defe~dants, and ~ha1 such
~enn, profin, iocorne, iss~es and re~renws shall b~ ~pplied by wth Receivtr atcwd~ny to the lien or eqv~ty of said MORTGAGEE and the pracnce of ~uch
ca,rt.
8_ To duly, promptly and fully pa~fwm, dixha.g~, execute, eifect, complete, camply wfth :~d ~bide by each and every the st~pu~a!~ons, agreements,
conditans a~d covenants m sa~d promissory nott and this mwtysps set fath.
9. That in the eveM the ownership of the mwt9aged prem~~es, o~ any paH thereof, becomes vested in • pason other than the MORTGAGOR, tM
MORTGAGEE, iri successo+s and ~ssigns, may, withaut notice to ~he MORTGAOR, de+l with such succeua or auc:essa in interes? with reference ro this
mo:tgaQe a~d the debt hereby securtd in Me same manner ~s wi~h Mo+tg~gor without in any way vit+ating or d~scha~ging Ihe Mortgagors' liabitity herr
under w upon the debt hereby secwed. No sal~ o~ the Fremises hereby mort9~ed and no fwbea~ance o~ the part o~ the MORiGAGEE a irs svccessws
w aug~ and ~o eare.,s~on of the time fa the payrrrnt o1 tM deb~ Mrsby secwed 9iven by ~he MORTGAGEf or ~ts s~,ccessas w ass~gr+s, .7~a11 operate
to refease, d~xharye, rrrodify thange or atfect the original liab~l~ty of ~he MORiGAGOR hereiA, e~ther ie whole w in part.
10. It is spec~fically agreed thst time is of the essence of this contract and that no waiver oi any obt~gat~on hereunder w of the obliyation sr
cured hereby sha11 at any tim~ thereafter be held to be • waiver of the terrry hereof a of 1he instrumem setwed herby. .
. 11 _ In add +:a~ to the (orego'ng mo~thly paym-nts of princ pal and i~trrest requ~~ed by the prom ssory no!e securrd hereby, mertgagor covenanfs
and ag~ees to pay to mortgagee nith each monthly pay~ne~t an adci~iional sum esnmated by mortgage~e fo be equat to 1 12 of tiie ennuaf cost of the foliow-
~ng:
A-All reaS property taxes iey~ed o+ sssessed agai~st fhc above descriyed real esiate_
B-Pr`.r.u~ns o~ fire and windsrorm insurar.ce as herein requ;red ro be ca.ried on the ~mprovements aituate on the sbove desuibed premises.
C-Premivm.s on s~ch mortgage guaranty irtsuru~ce as rr.o.tgagee sha}I from t~me to time deem f~t to carry en the loan sec~red hereby. ~
Mortgagee sha~l !rom time to ~~~ne notify mwtgaqor wrinng of the amount d~e arxl payable hereundrr and such sum shall thcreupon be due end ~
; a~able on rlr= dx aare of the rte~et monthly payment and each successive month thereaffer ur,til mwtgagee shall rwt~fy mortgagor af e change in such ;
a--:c~,nt. Such sums stea:l be applled by mortpaqee toward the payment of real properry taaes, inwrance prem:ums, and mortgaye g~aranty insurance '
~ p•cmiums. .
~ IN WlTNESS WHFRfOF. the aid MORTGAGOR has hertunto set his hand and seal the dey and year first afwesaid.
i Siyned. $~aled~J ~ ver~d in the res~nce of:
~ ~ ~ • t~ n
~ ~ Mtho R. Donner ~~n
s . ~c::.~t_ aG~_ .,L_ ~ ~q
~ Marie D. Donner ts,e,~?
~
` 1 .s
~ STATE OF p~ NeK York t
v
[ ~ ^ i SS.
~ couNTr of ~ /'~4s:
~ eefae ,ne perwn.uy .pps,.ed AnthorLV R. Ibnner .~d '
~ ~SI'lg B. Donner hK wiie, to me well known snd known to me to bs
~ rhe ind~vidwb descr~bed in ~nd who executed th~ faeyarg instrum~nt, ard acknaw{ed~ed beiwe me that they e:ecuted the iame fw the purposes
~ .:ankd. ~?~a e,. ..~a Marie D. Donner
~ M,;(e oi ~~;d ~nthom R. Danner upon • uparate and priwt~
~ e,am~nation by m~ take~ teparate snd apart irom her s~id husband, ~cknowledged ro~nd befor~ rrr that shs executed said instr~mem freely and volun- i
~ ~j.~ly and w~thaA •ny computsio~, constr~iM. apprehens~. a feu of or from her said huiband. ;
~ WITNE55 my Mnd snd oHic~al seal thii d~y o~ A. D. 19~ ~
' sry Public in and for the St~te o! ~~t l~rye
~ ~ M„ comm~uia, .xpi.d: Neil York
g ' Retwn 1a
' ~ First Fd~ral S~vi~s i lOan Associatwn EIMENE R. fRA1tCQtIN1 ~
- NOTART PUBIfC. State of New Ya? '
j
f ~ >=r Ne. 52-1296850 4
~ `~,~-fl~Ild? Quzlil:cd ~n SWlolk Coun
~ ~ ~ ~ ~ ferm C~pin~ I~tA 1~ 7~ #
~ ~ v
; ~ 4:~~~ f' ~ . ''~,•~iiii~~~, , }
~ .f: , ~ ~ F li, s
~ j Y:~- •
,~C~
+ ~ -
r ; ~ ~ ` ` j ~repared BY ~ohn W. Collins ~ ' „~0 ,
.
~ • ~ • ' toan Associat~on
;
. ' ~ = ',~l~rce ~ P'lorida . ~ :
~ ..4-a~,'.'4,~~',
~ ` .U!`~ ~ A`
~ . , • •
~ - ~~~Q ~A ~ ; o
' . 600K wr.~+ - ~ p
~ 9 • L
~ F n F ~~~;i+ ~
~ ' , , '•~~»j~~-,:~..~5
~ ~
Y
S~. . . - . F ~f
~ . . ~ _ _ - -
~
_.n . _ . _ , i . . _ . _.~e~~