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3. To place and continuously keep on the 6ui'dings now or heraailer a~tuate on sad Iand and on ali eq~ip~nero and peno~aliy covered by ~his ma?g-
age, wi~h •11 premiums thcreon pa•d in fuli, tiro 1~1Su~dn(E ~n tne uwa~ s~and~~d po'~cy form, in e sum aHpru~cd bv the h~JRIG~GEf, s~d w~nd~torm
;nwrant~ 1n the usual sianda~d po:~cy form, in a s~m app~o~ed by the MORiGAGEE, in such company or compan~es as ~he H10R1GAGEE may
direc?; and all lire and wi~dtitorm insurance pohoes on a~y o( sa~d twdd~ngs, any interest ~hr~rin or part th~reol, in t!~e aggr•,gate i~m ~foresaid w
in excesl thereof, fhaU contain the usual standard mortgagea c~ause w such other c~ouse as ~he Mortyagee may req~~re, ma~~ng 1he toss u~xler sa~d pol'r
:~e~, each and every, pay~5te to so~d h10RTGAGEE as ~ts ~ntcrast m~y appea~, and each a~~d eveey such pui~cy stwll ?x prumptly ass g~~rd a~:d d~+iv~retl ~o
•ny held by ~aid MOR(GAGFE as fwthcr seturity ro said mortgage deb~, and, noi tess than fen (10) d.+ys 9n .~J+,inta o( the cxp~~ahon of each poliq, to de-
liver lo said MORTGAGEE a re~~ewal thereof. ~ogetha? with a rece~pt for 1he premivrn ol wch re~~ru.a`; a~~d ~here tha;l ba rw i~re or v~,indstam insurante ,
plated on any of said bu;ld~~~s, any intcrrsl therem or pa~t thereof, ~n'~ss in the (orm and vcrth the ~css paynl,le as ato~esaid; and in the e~trN any wm ;
of mooey becomes payable un~C a~ch policy w po~~c~es said MOkiGAGEE shaN have ihr op~~on to ~ece~ve .,~~d apE•'y ti~e sa~ne on accov~~~ of the indabted- .
nesf sew~ed hereby or to pe~mit sa~d MORTGAGORS to reteive and use i1 w any par~ I~~C'~BO' tor u;i~•,r ~.ui~ :.s, s. .:.i'r~~,.,t th: ui ,v.,~.~ 4r ~n•,peu-
~ng any eqwty, lien o~ rlghl under p by virtve of thia mortgaqe; and in the even~ sa.d htORTGAGORS shnll 'o+ uny reason (ail to k~ep the sa~d premises so
msured, or fail ro deliver prwnpNy any o! said policies of iniura~ce ro sa~d MORiGAGEE, or fa;: pron~p!ly to pay fu~ly any p:emwm therclor o~ in a~y
~espect fail ~o per(o~m, discha~ye, execwe, eFfect, canplete, co•nply ~•irh and ab~de by ~h~s covcne:it, or any p<~r~ hareot, sa~d MORT;,AGfE may piace a~d
pay fw auth insurance or ary part thereof without waiv:ng w afFecting any oNt~on, lien, equ~ty, or r~ghr ~nJcr w b~ virtue ol th~s hlortqage, and the
fvll a~nount of each and e.ery such paymero shatl be inmed~ately due and payabl~ and shail bea~ ~nr~•:.~s~ from tha date thcrcoi uniil pa~d a? ~he ~ate of
nlne pe~ centum per a~~num and ~o~r~hrr vv~rh such interett shail be sew~ed by the lien of ~h~s mortgage. ~
To petmit, tommit w su(fer no waste, impairnxnl a deteriorahon oi sa~d property w any part thercof.
S. To pay all and si~gular the costs, charges and expenses: ~nci~d~ng a reasonab!e ar.ornry's fee and cesTS oF abs~r~cts of title, incurred o~ paid at °
a~y time by sa~d MORTGAGEE, because w in the event of th? failure o~ the par~ of ~he sa~d MORiGAG~R ~o du~y, p~o•~~N~ty and fu~ly ~.e{toim, d~scharge. ~
execute, et(eU, canp:rte, comply w~th and abdz by each and eve~y the s~~puiai.ons, agr.•a~~:rnts, cond~t~ons, and cove:~ants of a~~d pro:n~;~o~y no?e and ~F~s
mortgage any or e~~her, and sa~d costs, cha~ges and expenses, eacfi and eve~y, ahail be IA~~T:t'(3~dll`~y d~e and pay.+L:r; wlirther w not ~hrre be not~ce da
mand, attemp~ to coltect or suit pend~~g; and the futl amount of each and every si~ch payn+rm sh~ll bear Int•~rest frorn the da~e tF~ereof until paid al the
rate of nine pe~ tentum per ennc:n; and afl said cus~s, charges a~id rxr~ar.tes ~ncurred or pa~d. loyather .~,Ih su:F~ ~nierest, shall tie secured by Ihe i~en Of fh~f
mottgage.
6. That (a) in the event of any breach oi this Mortgage or defauh on t1r_ part o( the A10RTGAGOR, or ;b) ~n the event a~y o( aa:d sums of money
herein refer~ed to be no~ p~anptly and fully pa~d w~rh~n th~~ry t30) days nc,~f a~fc•r the s~~~~e sever~';y beco~»r due and pa~ab!e, witho~~ demand or nor~ce,
o~ (c) in the event aach and every ~he stiputaha~s, agreementt, co~:d~nons aod coYenants of ia.d p~o~n:ssu~y nore a~~d th~s mougage any o~ e~~her are nol
i~ly, promptly and fulty perio~med, d~schargd, e;ecuted, etfeurd. completed, compl~ed v.~th and ah~dod 5y, ihen ~n e.~hef or any s:.ch event the sa~d ag-
aregate sum mentioned in ;j~d pru~n~ssory note thm r~ma~ni~ig unpa~d, with intrrr,t accrurd, end a~i muney~ secu~rd he:rLy, sha!I bcwme d~e and pay
eole (orth~vith, w 1he~eafte~, at ~he option of said MORiGAGEE. as luiiy and co~~pfete~y as ~f a~i o~ ~hr s.,~d s~~r.s of rnoney vvere or~g~naUy s~~pviated
ro be pa:d on such dsy, anyth~ng m sad prcm;ssory note or in th~s Morrgage to the co~~~rary nui.v,thstanci,.~y; a~~d ~here~E~un o: ftkrraher at the op~~on of
se~d MORTGAGEE, w~tho~t r.o~~ce or demand, s~it at law or in eqwty, therefore w u~ereniter b:~gun, may be prosecuted as ii afl moneys secured hereby
nnd maNreti pno~ t0 ~ts inatitut~on.
7. That in the event that a! the beg+nn~ng of w at any time pending any wit ~po~ rhis Mo~tgage, or to /aedosc it, or to retorm it, or to en(orce
payment o1 any claims he~eund=r, said MORTGAGEE shall app~y to the Cou.t hav~•,g ~urud.ct~on thrrcof ior ~he a,:NO~ntn:enr of a Receiver, wch Cowt sha~l
forrhwith appo~nt a receiver of said mortgaged prooerty a!f and sing~lar, inci~d ng ail and s~n:3„~.ar the i~~ce:ne, p~ole~, iss.es and revenues tro+n whatever
sou~ce derived, each and every of wh:ch, it be~ng eapress!y unde~s+aod, ~s Fereby morrgeged as if spec~hcaily set fo~th and descr~~ d m the grant~ng and
ha:>endum clauses hereof, and s~ch Rece~ver sheii have all the b.oad a~,d eifec+~ve f~n:t.o :s a•~J pov:er5 in anyw:se en~rusted by a Cour~ ~o a Recriver, a~~d
s~ch appointment shall be made by svch Coort as an adnitted eq~it~ and a n,a!tet of ab~otule r~ght ro sa:d MORiGAC~EE, and w~~haut reference to ihe
adequacy o~ inadequacy of the val~e of the p~operty mo~rgaged or to ~he w.v~no~ or ~r•~~:.~•ncy of sa~d MORiGAGOR or rhe deiendanrs, and rhat wch
ren!s, prolits, inconte, issues and reverues shall be appiied by s~ch Rece~ver accwd~~~g to rt~e Ge~ or equ~ry of sa[d lAORTGAGEE and the prectice of such
Court.
8. To du:y, promptly and f~ily perform, dischargE, execute, ef'ect, compiete, comp~y w+th and abtde by each and every the st~puiat~or~s, agreements,
.onditions and covenants m sa~d prpmissory ,wte a~ed th~s mortgage srt forth.
4. ihat in the evc~t the ownersh~p of the mortgaged prem~ses, or any part thercof, L~qcomes vested in a person other than the MORIGAGOR, the
htORTGAGEE, its su~cessors and ass:gns, may, witho~r nohte to the MORTGAOR, deal w~th such successo+ or s~tcessor m interest wirh refe~ence lo this
merigage and the d_'or hrreby aecured i~ the same manner as w~ah P.S~rt~sqor wnhout ~n any way v~t.aring or d~scharg~~~g the 1+1o~tgagors' f:ability hero-
~~der or upon ~he ~_~be hereoy secwed No sale of ihe Fre~*:~ses h_reb~ mo~tgaycd ar.d no ic:E~ea~a•~ce o~ ihe par~ of the /hORiGAGEE or its successors ~
or assigns and no extens+on of the hme for the paymeM of 1he debt hereby secvred g~veo by the MORT.GAGE~ o: As w~cesaors or ass!gns, a~~al1 operate
to release, d~scharge, modify thange o~ atfett the arig~nal liau.!~ry of the A',ORiGAGOR laerr~n, either 1n v.noie or in part.
10. N Is specificalty agr~ed tl:at time is of the eesence of this contracf`and that no wai.~er oi any ob::ganon hereunder or of the obiigation se-
cured hereby shalt at any tin:e thereafter be ~e!d to be a waiver of the terma hereo( w of the i:~st~~rneM srtwed hcrEy.
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i 11. In ad~ r.o~ to the tore ,c :~g •ronth!y paym~ms of E;nr.t pjt and inte~est raqu:red by the pron: ssc~y i~o'c s~[ured he~eby, mortgagor eovenants
and agrces to ray to ~::ortgagee v~ah each monrh;y pa~+.:ent an add:~~onai sum es!~meted by mortg~gee to'be equal to 1 12 oi t5e .:nn~ai cost of the fo:low-
ing:
A-Afi reaf proFerty taYes lev~ec'. e~ assess_~ai aga~ ~s` the above deun~.ed ccat elfate. •
B--F~an ns on f~re and w:ndsror~n ~r.swacce as here~n r.~q~.red to be car.~e d e•~ the lm;;rpveme~ts s:ruat> on th~• alwve desu~bed premises.
C-Pre~-~u+~~s o~ wch mo+t~,ue g~aranty insura~..e as me~tg,~gee s!~3:: frcm t~r.e ~e t.~ne dre~*+ fit to carry on the ioan secured he:eby.
! Mo~toagee s~~a'~ ~rarn n•~.~ +o t~~ce ne!:fy mcrtgeger ~n w+~hng of the a~rou~t d.;e a~d payable hereundrr and such z~~~ sha!f ihereupon be due and
i c~vable on th_ d~e oare of the ~~~.,t monrh:r payn,._nt a~:d eacfi svccessrve nonth rl:r-eafr~r ur.r,~ mcrtgagee shail not~fy mortgagor o4 a change in such
~ A•~o~nt. Such svms s^.~ i:e arp'ied by mortgagee to•aard the paymer.t of reat property taxes, insurance prem.um:, a:~d mortgage guaranty insurance
o•emiums.
IN Y~ITNEi~ WHEFEOf she sa~d MORTGi.GOR has hereunto set his ha~ d and wa! the day and yaar firat afor fd. `
Signed, a~ed and eliyer in the presence of: 1
~ " ? / Seal)
~ _ - _ ichael ar is ~,q
n
~ Lauretta Caraf s~~~~n
~ STATE Of N Yo rk ~
F SS.
! COUNTY OF
~ Before me personalt a a.~d -_~_Mic hael Ca ra f t i s _ a~
z Lauretta Caraftis _ t,]s wife, to me we!i known and known to me to be
3 the ind~vid~afs described in and who executed the fwegoing instrument, and acknovv:edged beFore me that they executed the same fw the purposes
a
~ therein expressed. And the sa~d---_ I-allrett0 Caraftis _
; +v~fe of the sacd Michael Ca Tdi t 1S upon a upa.ate and pr:vate
~ eraminat~on by me taicen separate and apart from he. said husband, acknowiedged to and before me that she executed said :nstrume~t freety and voturr
~ ia: ~iy aod without any comp~'sion, consrram?, apprehens~~oy~,~ or fear of or from her said husband.
~ WITNESS my hand and offiral seal thh_ '~"1_- day of___ Ma iCtl_ _ A. D. 19 71
~ ~G~.- - ~J~ ~ Q..r~A
• Notary Pubt~c in and io~ 1Fx State of iJw~di at lary~~
-~'~'~;i . My Comm~ssion expires:
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Finl f `a,~p,j+Q~sn Associat;on
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- ~ ~l ~ NiOTARY PI?SLiC. STAT~ OF•nEW YORY \~T~ ~''~~'••.I , ~
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; t'„?,;9X`~:~_ L'~-,~-t No.52-sYiS:'I.SUFFOLKCOUl~i7Y 3 -,~C~ ~
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~~i;,i~ ~ h~r.r CO6tA1155lON•EXI'IRFS b1ARCH A. lf ~ : :
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~ )Ta~[,~~ ~t Prepared By J , D . Cha s t a in ~ : ' • '
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~ First:F~eTet'~~[i?igs 8 Loan Association •~;~bf/.~Q[j `
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~ ~r!;~~Fort Pierce Floricia ~
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Checked BY - $O~X nrru~~~e,~~~
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