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3. To piate and continvously ~.eep on the bu~'dmg~ now e~ hereaf~er ~itvate on sa~d ~and and o~ all cqu~p~tient and pe•ionally covered by thii mortg-
egs, w~th dl premiums thereon pa~d m f~tl, fue inswance m the ~sual s~a~~dasd po'~cy (orm, in • wm a~~p~o+ed by ihr h10R~GAGiE, and w~ndstorm
msurance in the uswl standard po~:cy form, in a sum appro.ed by ~he h1JR1GAGEE, in such cwnpany or co~nFan;es as the MORTGAGEE ~'+ay
dirKt; and all lire and w~nds~orm inw~ance poliaes on any of sa~d lw~id~nQs, any iMe~es~ therzii~ or part thercol, in 1he agg~~~getc sum afqes+id or
~n eate~s tAereof, shall contain the uavet standard mortgages dause w such o~~er c~e~sa as ~he Ido~+yayee may iequ.re, ry~a?~n9 the loss unde~ sa~d poti-
c~es, eich and every, payab~e ro sa~d A~vRTGAGEE as ip ~nioreit may appear, end each a~~d every such pu~~cy shali be promp~ly ass gr~ed and delivered to
any held by s+id h10RTGAGEE as fu~~h~~ security ro sa~d mo:tgage deb~, and, not Iess then tr~~ U01 datis i:, ad:ance o( the e¦p~~at~on of each policy, to de-
Grer fo said MOR1GAGfE a ~ene.~ai thercof, toge~hrr wi~h a rrce~pt for the prem~um of svch ~rn~v.al; a:id ihrre sh~~l be no Lre or NE„dsto~m i~surance
placed on a~y of sa~d b~ildings, any intere~t there~n a pa~i ~hcreof, ~n~ess in ~he form and w,:h the loss payab~e as a~oreaa~d; a~d in the evenl any sum
of money becomes payable undrr such pol:cy a poLc:es sa~d A10RTG~GEE ~hall fi~ve the opr.on ~o ~ece~vo .~nd apE~'y the sa~ne w~ accou,it of ~he indebted-
ness secwed hereby or ro pernw sa~d MORTGAGORS to rece~ve and use it p any i,.~~? ~hv.~v1 to. c:n• r~.v•, ~ti_s. :.~~n•;:;t tf,:•~ ui w.~.~ ,3 cr n~~pau-
ing any equ~ty, lien w~igM u~de~ or by v~rt~e of this mo:tgage; and "en the evcn! sad MU~TGAGORS sh~ll for any reason fail to keep ~he sa~d premitet so
msvred, or fail fo deliver promptty any of said polrc~es of ~niurance ~o sa;d MORIGAGEE, or t.,~f pron~ptiy to pay f~~Iy any pre~nwm thcrrfor or in any
reipect iail to perfwm, d~scharge, ecr<ute, ef(ect, co~~p~ere, carpty w~th and ab~de by ~h;s covenant, or any part h,rreof, sa~d MQRiGaGEE may place and
pay fw such inavranc~ o[ ~Py~ar1 thereof w~thout waiving or affecting any opt~oo, ~ien, equny. o~ nght undrr w b~ vi~tue of th~s Mortgage, and the ;
fvlt amount of each ind every such payment shatl be ~nune~~ately due and payable and sha!! bra: inmr.sr ttom ihu date ~hereoi un~il p:~~d at the rate of
~~:ne per cent~m pe~ ar.num and tuar~hcr v~~rh auch intr~cst shai~ tx scwred by 1he I~en ol th:s mortgag~.
1. To permit, commit w sufier no waste, impairmeN w detrr~orat~o~ of sa~d pro~rr~y or any part th_~reoi.
5. To pay all and s~ng~tsr the costs, chargcs a~d expenses, ~nci~d~~~g a r~aso+.ab!e atfanry's Fee r~,d cos~s of absfracti of title, incurred or paid at i
~ny tirr.e by fa~d MORTGAG:E, betause d in the eve~~ of the laiiure on the pa~t o! Ihe sa~d MJRIGAGOR to du:y, promptly dnf~ }v~{y pCtfprm, d~scharqe. !
r>e<ute, effect, comptete, comply wuh and ab:de by each and evrry th. sr~p~,at~ons, eg~er~,~enis, co~~da~o~~s, and cove:~ants of so~d pronr,ssory note and this s
„ortgage any or either, and sa:d costs, charges and exFenses, each and every, shatl b~ f~n~~, d~arety dur and payaL,r, whe~her o~ ~ot there be not~~e da ~
mand, attempt fo collect or suit pend~ng; and the ful! ~~nou~» of each and every svth pa~~ntM shail bea~ interzst f:om ~he dare ihereof until paid af Ihe ~
•~re oi nine per crrttum per ann.;:.~; and a!i said cosu, charge, and expenses incurred or `pa~d, toye~her wah wch inte~rif, shall be sew~ed by ihe 6en of th~s
mwt~i9e_
8. That (al in the eveN of any breach of th~s Moregage or de(ault on th- part oi t!:e :t!ORTG%1G~R, or ;b) ~n ~he event any of sa:d s~ms of money
herein referrrd to br not pranptly and fully pa6d w~rh~~ th:•ry i30! days ne..~ a?n_r the ss••~e se:era!!y bc:ome d~e and payabte, witfwut demand or notice.
er (c) in the event each and every ~he at~pulahons, agreements, cond~nons and covenanrs of sad pron,~sw~y no~e and th•s mo~tgage any or enher are not
iuty, p~o~nptly and fuliy perfwmed, d~xharged, exec~ted, effecred, compteted, compi~ed w~~h and a~~dc•d 5y, Ihen in e~ther or any wch event the sa~d a¢
gregata sum me~~~o~d in se~d p~omiswry no!e thrn re~naininy unpa~d, with in~ere,t acu~ed, and e•~ monrys secured here~Y, shafl become due and psy-
ioie forthwith, w tF,ereafter, at the opt~on of aa~d M02TGAGEE, as fuUy and comple+e:y as ~f a!! of ti,r sa~d wrns of money were o~~9ina11y s~~pu~ated
~o be pa~d on wch day, anything in sa:d p:om~ssay note or in ih~s Murtgage to the con~rary no+w~~hs~a~Td~~~g; and ihereuF:on w theree{ter at the opuon of
sa~d MORTGAGEE, Mithovt notice or demand, suit at lew or in eq~iry, thetefore or therealrer begun, may 6e prosecuted as if all moneys secv~ed hereby
r.od maWred pnor ~a ~ts ~nstitution.
7. That en the event tha) at the lxginn~ng of w at any time pending any sv~t upon this Mortnage. o~ to forrclose it, o~ to teform i1, or !o rnfo~te
payment of any da~ms he~euader, sa~d l.1pRTGAGEE shai! apply to thr Cour~ having ~unsd ct:on :h_•,~rot for thc a~;po,nt~nent af a Rece~ver, auch Co~~t ihall
tcrrhwith appoint a rrceiver eF sa~d morfgaged procersv a!I and sing~tar, ;nclud ng aii a~,d s~~~yu~ar ~~~e i^cu~„r, p~of,rs, nwes a~d revenues fran whatever
sou~ce derived. each and every of reh.ch, it bF,ng eapressly unde~s~ood. n f.errby mw~_~agrd as s~~ec +~taliy set forth artd destribrd in the grantu,g and
haoend~m c~auses hereof, artd wch Recerver sha~~ have aIl the broad a~d rffec+~~e funcr c:a and pu..rrs anya-~se ~m:~strd by a Co~~~ to a Recriver, and
s.ch appointmaz+ shitl be n;ade by svch Co~r~ as en ad-+ietrd eqv~:y and a r.~trer of abso,~te r~ght ro sa;d ~~ORIGAGEE, and without refcrence to the
edeq~acy w inadeq~acy of the vatue of rhe property mo~~gaged or to thr sove~cy or ~^so•.rncy of sa~d MORiGAGO~T e~ the de~e~~da~~ts, and that such
~e-:}s. profits, incc~ne, iss~zs and revenues shail be app~~rd by such Recr~ver accord~ng to the ~ier, or rq:,ny of sa.d MORTGAGEE and the practice of such
Co~rt.
8. To duly, promptly a~d fuily perform, discharge, execute, effect, comp!ete, comply w;~h and abide by each and every the stipula~ions, agreemeNS,
.cnd~tions jnd covenants :n sa~d promissory note and th;s mortgage srt fo~th.
9_ 7nat in the even! the ownership of the mortgaged yren,~ses. o. any part the-ecf, becomes vested in a pe~so~ o~her than the MORTGAGOR, the
'.'.^,RTGRGEE, its svaessors and ass~g~s, may, without ~ot~:e to th~ MORiGAOR, deal wnh svch svccessor or svccrssw i~ iarere:t wish relere~+ce to this ~
~ o•rgage and the deo! hareby sccured in the same manne~ as w~th N.~rt3~gor wnhoof :n any way vit:ating or d~scharging the Monqagori liabi6ly hert 1
~^der a upon fhe deb~ herr~; sr.u~ed. No saie of rhe p~em~ses hereb, mo~tgaged ard ne iorbearance on the pai~ ot the IdO~Z7GAGFE w its s~ccessors j
or ass~g~s and ~o e¦re~sion of ~he time for ~he payn,enr ot rhe debr h^r~by secured gf~•en hy the .Y.ORTGAGEE or lts successws or ass~gns, stialt opera~e ~
, !o rciease, a,scharge, modify change or affect the ong~nai liab,;:fy of the N,ORTGAGOR t.ere~n, either in whote or in part.
10. It is spec;f~catly agrecd that time is of the essence af this comract and that no waiver o~ any obl~gauon hereunder w of the obligat'an sr
c~red hereby shati at any time thereafter be he:d t~ be a wa~ver of the terms hereof or of tht instrument secured herby_
11. In add +:o~ ~o tne fertgo ~+g rnonth'y payments ot princ pal and interest requirzd b{ ihe promsscry no!e Sewred hereby, mmtgaga? tovenanfs
~~:d agrees to pay to mostga~ee v~nh each monthiy pay~^eN an e_~~~ional s~m ~sr:, a~ed b~ matyegee to be equa~ to 1, 12 of tae annual cost of the follow-
~ y:
f '
~ A-A!1 real property ta~rs lev,_d o+ assessed agai•ut th~ above descrit~d rral es~ate-
B-fr_~ ~u:ns on f~re and w~ndstorm ~nsvrarce as here~n +eqv:red to be ca~ned o~ the ~m~~ovements srtuate on thr above described premises.
i
C-P,e:-ivms on svch mor~g±ge guaranty ins~~+ar.ce as mo~tgagee shalf frorr r me to t~me deem fit to carry on the faan sewred here'ty.
~ 14Aorfgagre s~~~` `-om r~::~e ~o t~^ee ~o'.~y mortgagcr m wn:~ng of the a^ o.,~~ d~~• ard payable hereundrr and s~ch sum shafl thcrevF~on be due and
~ : ayable on thr d~e da~e of tha ~~exr month:y pay~nent and e~ch succe:s~ve mor,th rhereaher ur nl mortgagee shall not6ly mort~a~or of a change in suth
~ ~~.ount. Such su~nz s~a:~ Le a;;p ~ed by mortga5ee to+vard the payment of real property taxes, insurance prem.ums, a:~d mortyage guaranty insurance
' c•emiums.
9
~ IN WIT~JE~: LVHER~Of f~e sa~~ MORTGAGOR has hereunto set h~s hand and seal the day and year first aforesaid.
~ Siqned, d delivered in the prese~te of_
~ ~
~ .~ritnes ~ r~j Kurt Mertens ~~+n
(se,q
? fl - ~.n
~ itn u~~ A. Ruth Mertens ~~~n
_
~ ` STATE OF~ NBW YC~RK
~ Q~~ ~ ss.
' couNnr oF ~
~ Befwe me penonally ap ared KUYt Mertens and ~
~ A. RUttl Mertens his w~fe, to me well known and known to me to bs !
~ ~he individw:s desc?ibed in and who eaecuted the faefloing instrument, and ackrwwiedged be(orc me that they executed the same for the purposes ~
~ '+h..~~~ e:ae,xd. a,d r~ said--__ _ A. Ruth Mertens _ }
~ Kurt Mertens
+~~fe of the wid _ upon e xpar~te and privatt
~ e•am~nehon by me takert separale and ape.t irom her said husband, scknowledged to and beFore me that she eaecuted sard inatrumem ireely artd volun-
~ +a~~~y a~d w~thout any compul3ion, toraltaint, apprehens. ~ear of o~ from her sa~d h~sbar.d.
WITNESS my hand and offic~al seal this__~ day of__ ~'~~'t-`~-~ A. D. 19 71
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,
No~ary P~bfic in •nd for the State of
.r~ ~ 5 ~ ~ ~ ' . 1 ' L. i _ ~ ' ;
My Comm~ss~on ~~r~ i,_; i
U ~ C~LUt~~Li. ~r•.- ~:1 i:l_~.~• j [1~~ ~K~~ ~ . - ~c - `
~ ~ Z - °'c - = 8offirY ~'uh i~, :
: ~ = RIIR33'ii + z'. ~ ~v .
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N~.`~ Yvr,.i ?IlEOAMDREC R E
~ p p e
this Instrument Prepared By t~~• E. Btaun ~~uN' f ST.IUCIE COUNTY flA,
ROCER P01~I~E
~ First Fecieral Savings b Loan Association CLERK CIRCUIT COURT ~
~ of Fort Pierce, Rlorida RECORD YERtFIEO.~.~~ _y i
~ Y i
Checked BY - ~ ~Q I 31 PM ~
~
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a~K 191 9~~5
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