HomeMy WebLinkAbout0940 1. To plac~ and cuntinueusiy kcep on 1hc~ bu~!dingl now er hereafter •ituate on ta~d land a~id on al{ eq~ip~nem a~:d pr~so~~ally tovered by thit mor~g•
•g~, wilh dl premiumt thereo~ pa;d ~n full, Gie insurance io ~ht ua~al a~a~x~ard po!~r~ form, in a wm a~y~o~vd by thr ~.1UR~"v~.GEE, and windstorm
+n~uraoc~ in ~he ua~a! s~andard po!.cy torm, in • sum appro~rd by ~he A1URiGAGEE, in such cwnpany o~ compa~i~es as ~he MORiGAGEE may
dhect; ~+xi all firo ar.d w~ndstorm insurence pohaes on any o( sa~d bu~td.ngs, any intere~l thaein or part thcreo~, in ~he agg«ga}e s~m aforesaid o?
in extea thereoi, shatl conta~n ~he u~ual s~andard ma~gaflre c~ause o~ wch o~l~e~ clause as it~ A\a~yayeo may requ~re, maA~~~g the ios~ u~~Jer sa~J poii-
c~es, tath •nd every. p~yab!e to sa~d ti1JR1G4GEE as ~~s ~n~eres~ may sppear, and each und every such po'~cy sheU be pro~~,pny au gnrd and de~ivered ~o
any held by uid AtORTGAGEE as I~r~h,•r s.~c~rity to said n,ortaaye Jebe. and, ~ot Ie~s ihan i.~n (10? davs i:+ ad.a~ue ol ihe ex~,uat,on ot each po5cy, ro ds-
Lve~ ro s~~d MORTGAGEE a ronev~aV ~i,creof, toye~'~a~ with a rete~pt for t~e prcmwrn o( such ~encwa~; and tl~eie slull Ve no !ee ar µi~~dstonn inwtarxe
plKed on any o! sa~d (h:~td~~x~s, any intcreff ihere~n cv part thereof, un!ess in the fcrm and w~th ~he ioss payab!c aa alo~eseid; a~d in ~he r~ent any wm
of moruy becomef payablc under w<h pei~cy o~ poi~c~es sa~J MORifAGEE sha~l have the o~~~•an ~o rec~•~tir ~~~d op~-fy N~e same on aao~nt o1 the indebtrd-
ntas fewred hirlby Or M perm~t said MUR~GAGORS lo receiYE! s~~d ute it p any rl 16r:.~.~f tc~r u:~,. r.ur~ cs~ s. .::r~~_„t ih u, .1:~.~ i;i in~pau-
inq any equ~~y, Gen or r~gM uoder or by v~rwe of ~his moc'yayr: and m ~he erem ia d h~OR1l;.~GOR; shill for ~ny ~easo~ lail to k,•ep ~he sa~d p~em~ses so
~nsurad, or fail ro drlive~ prarptly any of s~~d poGcies ot ins~rarxe to sa!d MORiGAGEE. or t.,~i pro~~:i~c!y to pay f~;:y any ~ue~~~~vm thcrr~or o~ in a~y
resped fail to psrforn~, d~scharge, exec~te, e(lect, canpletr, co~Npiy w~~h a~~d ab~de by th~s caveno o. a~~y pa~r hereof, sa~d MURiGAGEE n.ay p,sce a~~d
pay fo~ wch inaurance w any part thereof wnhout waiving or atfetli~~ a~y opuon, lieo, eqw+y, or nght unJer w b/ vn~ue ol thls Mo~+gage, and the
fcll amount of each •nd e~try iuth pay~ en~ shall tx im~ned~ately dve and payabfe a~}d sh.,? brar int~~.i~ from thu daie thcreoF untlf pa~d at ~he rate of
n~ne per crnr.,m per annum and ro~eih.•r n.~rh such ~ntr~e:e shaii be se<urrd by the I~en of th.s mortgage.
To permit, commit or suf(er no waste, impair~~ent a detenorahon of sa~d p~opcrty or any pait thereof.
S. To pav and sirgu~ar the coits, charges arx! expenses, inciud~ng a reaioneble atrorney's (ee a~id cos~s of aburacb of title, incurred o~ paid at
eny time by sa~d MORTGAGEE, becawe d in Ihe evem of the fe~iuro o~ 1he part ol the saed I.tORTGAt'iOR to duly, prunptly ar.d f~lly pe~form, dncharge.
e¦ecute, efleu. canp:Ne, comply wdh a~~d eb•de by each and every the st~puiahons, ayree~nenls. cOnd~na~s, and covenants of said pro~n~;sory ~ore ar~d ti,~i
mor~gape any or e~~l+e~, and sa d cosrs, charges a~~d eapenses, each and every, shatl be immc~d~atrfy due aRd payab:r; wt~ether o. nor there Ix nonce d~
mand, attempt to coliect w s~it pend•ng; a~ ehe full amount of each and e~ery svch paymem at,~li b~r~. inr,~r~ss from the date th•_rrof umil paid at the
~.~re o~ n~~u per ccntum per an~tu:n; ae~c' all ia~d cuats, cna:g~s and ca;xnses mcurred or pa~d, toyrih<< w.~h su.Fi u~~erest, shatf be secured by the l~c~ of th~~
mwtpaye.
6_ That (a) in the evem of any breach o4 th~s Mo:tgage or default on th~ part of ~he ti!ORTGAGOR, or ;b) (n the event any of w"d wms o( money
herein referred ta be nor pranptty anci f~lly µa~d w+~h:n th..ty t30) dapi nex~ a`i_•~ the s.~ ~~e s~-ve~a:+y ~cco d:,e and payab!e, w:tlWUi demand o. notice,
er (c) in the ewent each and rvery t}~e sn{w:at~ons, agrcements, cond~t~vns and covenanaa of sa.d F~ro~~u:sorr ~tete a~~d ~h,s nwitgage any or e~ther a~e nol
iuty, promptly and fully performed, d,xharged: execurrd. effcded, comp~eted. ce~npl~ed weh a~~d eL~d:•d 5y, then m e~ther or a~y •uch eve~t ~he aa~d ag
g~egaf~ svm ment~~neci in saitl prpn:ssory note thrn ~ema~ning ~npa~d, with ~ntrre,t accr~ed. and a~~ rnon~ys :ecurrd herrby, shall brcume due and pay
~bie Iorthwith, or ~hereafter, at the op~~on o4 said AtORTGAGEE, as fv~ty and c~x.~pieic~y as if eit ot ik~r sa~d s~~~~s of ~~oney wcre ong~naUy s~~puiateo
to be pa~d on wch cizy. anyfhing in sad pro:n~sso~y note or in this Mwtgage to the ton~rary notrn~hita•.dng; a~*d therevpon or ?Inrcalter at the opnon o(
se~d MORTGAGEE, v.•+hout noiice or demar.d, su~t at law or in eqony, there(ore or thereafter bey~n, may be prosec~ted as if all mo~eys secured hereby ~
nad matured pr~or tc :ts ~nstrt~hon.
7. That in the event that tt the beginn;ng oi p at any time pending eny s~~t upon this !1r•o.rgeye, w to ~orcc!ose it, or to reform it, or to enforce
payment of any da~~TS he+eunder, said h10RTG~GEE sha~l apply to the Cour~ havmg ~urnd.ct.on thcreot for the d~ rJ~nhnCnt of a Receiver, s~ch Cavrl shali
iorthwith appo~nt a rece~ver of said morrgaged prooerty all and singular, inci~d~ng aii and s~~~yv~ar the nu~n~e, p~of,ts, iss~cs ar,d revenues trom whatever
tourte derived. each and e~.ry ot wh„h, ~t be~ng eapressly ~nderstuod, ~s herruy n:ortgagrd as rf spec.ficai!y se~ 1or~h and deacr~bed in the granti»g and
ha~ndum tiauses hereof, aed s~ch Rrceiver shali hare all the broad and rffect~ve fu~ut c~~s and po~ners ~n any•x~:e ertwated by a Go„rt to a Receiver, a~d
r~ch appoinrment shai~ ex made by wch Court as an admitted equity and a n*a~rer of a:no,ute r;ght to sa:d MQRTGAGEE, and wishoui reference to the
adrquacy or inadeq~acy of tF.e vaiue oi the property mor~gagrd or to the so,~rncy or ,r.sc~vency of sa~d MORiGAvOR or the defe+~dants, and that such
~e~n, profits, income, hsues a~d rever~es shall be appi~ed by s~~ch Recewer accoro,r.9 to the tien or eq~~ty of sa~d MORTGAGEE and ~he praceice of svch
Co~rt.
8. 1o d~ty. prompt;y and fuily Fe~form, discha.ge, execure, effect, compiere, cor~,ply w~th and ab~de by each a~d every the uipuiations, agreements,
cor.ditions and cuvenants ~n sa;d prom:ssory note and ihfs mort~age iet fonh.
9. That ;n the e.enr the ownersh~p of the mo+rgaged premnes, or any part thereof, 6ecomes vested in a pe+son other than the MORTGAGOR, the
ti'ORTGAGEE, its sv:crsson and asslgns, mey, withovt r,otice to the :tiORTGapR, deat w~th wch s~cceisor or wccessor ;n interest wnh relerence to this
r,eregage and the d.'ot hereby secured in the same ma~~r.er as wnh l.1or;~agor w~tho~! i~ any way vit:a~i~g o~ d~scha~g~ng the ~Aongagori liab:lity herr
cr.der a upon the drb~ he~e~~y secured. No sair of ~;~e pe~ ~ses hereb~ n:o~ryaged ard no Forbearance on the part of ~he RAORiGAGiE or its successors
or aas~gns and no En'f;'S.J'1 of tM t~me fw the payment oi the deb~ hr.cby secvred given by the MORTGAGEE or its wctessors oi ess~gns, s~~ail operate
!o rNeue, d~scharge, mod,fy change or affect the or~g~nal Gab:;:ry of the h1CRSGAGOR he~em, either m v.ho~e or in part.
10. It is spec ~~ca~iy agreed that time ~s o( the es:e~ce of this confred and that no wa~ver of any ob'~gav~ori hereunder w of the oblgstion se-
wred h~reby sha!i a~ any ure the~eaNer Ee hc!d to be a warver of ehe terms hereof or of the i~~strumem secv.ed herby.
I l. In a~d •o t+:? fo~e.3C n3 mor.th y payn+~.^,tS of pr~nc pai and inr~~res! requ~red by the prom ssc.y no'e sccu~ed hereb~, mortgagor covenanis
e••J agrees ro ,:ar ro :^~-Tgagee v.~th each ~^cn~h y pali ~ent an add:s+onal sum est ared by mo:tg~gee to be eq~a~ to 1, 12 of the annual cost of the follow-
A-Ati rra! ~rcper!y taYrs le:ied w ass~~ss~d agai•~st rh: above desv~bcd « aE es+ate.
B-Pr~-r .,~s on f~re and v.~~ndsto-m insuracce as here~n reqv:red to be ca-rfed rhe :m~~ovemeits s;tuate en the above dascr~bed premises.
C-Pre:*~:.,:*a o~ such rrurtgsge gua~anty ~rsurar.ce as mo•rgagee sl~a!I frc^~ r me to t:me deem (it to carry ort the loan secured hereby.
M.ortgagee s~~: ~-c.m nmr to t~:ne no~~fi mor~yager ~n wnnng cf the a~co~~t due end payable hereundar and such sum shalE thereupon be due and
;~.ab1e on ~he d~e ca!e of ifie near monrh:y paymenf and each su:cess~~e +ro^.ih thereafter ur.!i; mortgagee shalt notlfy mongagor af a changa in such
ount. $u:h s~~~s s~r :;e app ~ed by morgagee towa~d ihe paymeni of rea! property taxes, insvrance pre~~•vms, and mortgage g~aranty insurante
c • e iums.
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t IN YJITNf~_ L4'HEP~Or rhe sa~d MORTGAGOR has hereu~to set his hand and seal ihe day and ar ir afor sai !
S~gned, Sea:ed a:~d delivered in the presence of: i
~ -
E _ : _ ~it_~~_~ u aq ~
; / ~ , il .
; iSean
- •L Sesl)
~ _ irgi a . upu
~ ` (Seaq
~ S~A~~~~;~itt- i~i~lt,, .
Ohio t
~ t u-
c` dk; • ' ...cf _ 1 :
~ T, a ared _ JO}tT1 R. Ll1pU F
ppe~ _ and ;
.`~~1~~
~ =~!¦!l~:~ati~?~i ~'e~=91nia C~ Lupu h;, wiie, to me well know~ and known to me to be i
~ l~'~II~iVt~f.~}~lf~ !F snd who executed tfie foregang instrumero, uid acknowiedged before me that they executed the same for the purposes
~ ` ' ~ s ; ` ~a~d Virginia C. Lupu
~ yf~ John R. Lupu
~ '~11~.j~Mi' ~ ` _ _ upon a xparote and p~ivat~
~ e.s~q~COn ~~lcen sepa+ate and aoart from F~er sa~d huaband, acknowledged to and before me that she e+cecvted sa~d insirument freely and volurr
~ ~ardy'tq~`.yr~i ~n~,camp~;sion, constra~~t, apprehe~s~on, or fear of w from Fxr said husband.
WIiNfSS r~}y-Mrxf and offsual uai this__ y March _ 71
•_•1 da cf-_--- A. D. 19 ~
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_ No~ary Pubt~c in a~d for the Stste of ~pm[ ~t lufle '
Idy Comm~ssion expires: ~~110 '
~ Return io: LlN0/1 PASCUTE s
fint fedeul Savings 3 loan Assoc~af,on ,
p~ :~,.r H:•:~ry Pu„ r. 1':-,. f~c~•:fy. OhiO
zQ6g
FGtt G,.rce. F~cr!cd+ M•~ GO'~!'~!iS510~~ cXi'i:<FS A.~1z 1'.~ 19.%J r~
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_ 7~T i~p AMD RE~
CtE COUN '~j~
~f~
This InstrumeM Frepared By Richard K. Kayes ~~ER CER Pp~~RA: ~
:x First Federa! 5avings b Loan Association RfC0/tp VERIfIEp ~~Rt ~
~ of fort Pierce ~
Checked BY ~ - ~ ~0 ' 31 I ~ ~ ~
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