HomeMy WebLinkAbout2020 J. To place snd continvovsly keep on ~he bui:dings now w MreaitK ~il~nte on said ~an~ and on aii equ~p~nem and perio~elly <o,re~ed by th~i mo.~p~
sg~, wi~h all prem~ums therea~ pa~d in full, f~ro insurance ~n ~he usual sunde~d po'~cy forin, in a?u~n aH~rovad by tha A\OR~~>GEE, a~~d wind~tam
iniuranc~ in IM usu~) ~~anda~d po~~cy torm, in a sum ~pprovnd bY Ihe MORfGACtEE, in such comHany or iO~n~idnief rs ~he MORTGAGEE may
di~Ktt ~nd +II lire +~d w~ndseorm in~urance po~icies on •ny o( sa~d b~ild~nfls, any Intere?t ~herein o~ part Ihcreof, i~ Ihe aggr~ya~e ium afws~aid w
in ~aceu rhereof, sFull con~ain ~he usw~ standard mwtgage~ clause w ~uch o~her deuse as ~he Mortflagae may requ,re. ma?~np f?.a loi~ wxle. sa~d polf
c~a~, cach ~nd evay, paYab!e to sa~d A10RTGAGEE as ~ts intcrc~t may ~ppesr, and each and eve~y such poi~cy shall ba promptly au gn~d and dellvc~ed ~o
•ny Mld by said 610R1GAGEE as tu~ther security to said morlgsge dubt, and, not tesf than ten (101 days in aJvence ol ~he eapicat~a~ of each pol~cy, to ds- `
Gver to ~aid MORiGAGtE •~e+uw~l tl~er~rof, to9e~he~ w~~h a reccipl !w Ihe p~emwm o1 auch renew~~; a~d ihe~e ~hall be no f~re or w~~~dstorm miu~ance }
plsced on any o1 ss~d build;ngs, any interest lhere~n w part ~hereo(. untrss in ~he fonn and w~th the bas paYab!e at a(ore~sid; and in Ihe eveM a~y ~um y
of mon~y beconxf payable uede. such policy a polKiei said MORTGAGEE afiaN have ~he opt~on to recr~YC and app!y the aame on accoun~ 01 ~he indebted- ~
, ness sstur~d Mreby w to pero~it faid MORTGAGORS to rKaive and ui~ it p any pc~t tf~e~.rof loe o:n~t p~r~;,s~s. ...~iw~t tiir<<» w.~v~~3 or ~n,p..u-
inp ~ny e~uity, litn w~ight under or by virtue of this mo:!qAgc; and in ~he event w~d MORiGAGORS shall for any ~eason lail to kcep ~he said premises so
~ insured, o~ 1ai) fo deliver p?omplly ~ny of said policief of inturonce ro sa~d MORiGAG[E, or fad promptly to pay 1~~1y any prr~~uvm therriur or in anY
respect t~if W pe~torm, dncha~ga eaecute,.eHec~, canp~ere, cornply wi~h and ab~de by th~s cove~~an~, or any pa~~ herroi, :a~d MORIGAGEE may piace a~~A
pay (o~ suth insurontt or ~ny part thereo( without waiviny w il(ccting any optlon, tien, eq~ity, ar ri~ht undar w by virr,» of this Mortgage, and the
full amovnl o( eath and every such payment fhall be ~mmcdiately dur and paya6le and sh.+~l bea. intrrest lro~n tha dare thc~eof u~~il paid at ~he ra~e ol
mne pe~ ceNUm pN ~~num and to~rther with such interest shali be sec~red by Ihe lien p( th~s rtwrtflage.
1. To ps~mil, eommit w w(f~r no wasts, impairmtnt w deterio~atia~ o! aa~d property w any part IhrreoL ~
5. To p~y dl ~nd sinpular the cosf~, chargef and expe~ses, includ~ng a reasoneble anomey's tee and cosrs o( dbst~au~ o( tit!e, incurred or paid at
any lime by said MOR1GAGfE, because or in the event of the f~~lurc on iix pa~t o~ the sa~d MORiC•AGOR to d~ty. pro~~~Ntly and 4u:ly perbrm, d~scharge.
e~ecute, ~1Fect, tomp~ete, comply wuh ar+d aG;de by each •nd every the ~ti~nriat~ons, ag~ee~ne~~ts, co~d~trona. •izd cove~~a„~s of sa~tl pto•n~>sory note and ~h~s
n,orrqpe any w e~thcv, e~x! sa~d costs, chsrgd and e~?xnaes, each and every, shall be im~ncd~etely due and pay~t,i~; whether w not ihere he nonce d~
mand, attempt to coilecl or suil pe~xi~ng; and the full amount ol eacfi and evcry such paymrnl shall bear inre~es~ lrom ~he date therrof uMil paid a~ the ~
~~~e of ~iu~e per cenrum ~r am+um; and au said cw~s, cherges and e¦ynus ~ncurred w pa~d. ~ogetl~er wah such 1n~e~rit, ~hall bt tecured by tha lieo of thi~
mwtpay~.
6. Thst (a) in the event of any breach of ~hi~ Mongage or dei~uf~ on the p•~rr of th~ 6~.ORTGAGOR, or ,b) ~n ihe eve~t any of sa:d sums of mone~
herein rtferred ~o be not pro~nptly and fully paid w~Ihin lhnty ~3J) d~ys next ait•_r Ihe s~me iecere"~y Deco~na d~e and paye6le, wllhout demand or notice.
or (c) in the wem each and evrry the stipulat~ons, agreementa, cond~tions and co~enants of sad F~ro~mssu,y nute and th~s n~o.tgaye any w ei~her are not
~vly, promptly and fully per(ornxd, d~scha~ged, executed, effec~ed, cdnpleted, cwnpGed w~~h and ab~d<•d 5y. ~hen in ather or any such event the s~~d ag
greqa?e wm mentio~ed ih sa~d pra»~sso~y nore then remaini~zg unpa~d, w~th ime~es~ accwed, and ail moncys secured herebt, ei~oll brcome due and p~y-
eble forthwith, a ~herealter, at ihe o~~tion o1 se~d MORIGAGEE, aa foily and complercly as N all of ~hc sa~d s~~ns of naney were wg~naily ~~~pulated
to be paid on suth day, anythir~g in aa.d pro:nissory ~ote w in this Mortgage to the ca~~rary nohvi+h?tandnx~; and thercu{~on w thrreaher at the optlon of
sa~d MOR~GAGEE, w~~houf no~ke o~ demand, aui~ at I~w w in equay, ~here(ore o~ ~hereaher brg.,n, may be proaecutrd as if all maxys secured hrreby
had maWred p~w to ~ts institut~on.
That in the avent that at the beginNrg oi w at any ti~ne pe~d~~~g any su~t upon thla R4o~tgage, or to lo~ecluse it, or ro re(o.m it, or to en{orcs
payment o1 any claims hereur.der, said MORiGAGEE shal! appfy to the Co~rt having ~unsd.a~a~ ti~~r~•o! lo~ the a;,po~ntment of a Rece~ver, tuch Court shaU
(o.rhwith appoiM a rece~ver ol said mortgaged prooerty all ~nd singular, inc'.vd.ng aU a~.d s;nqu~ar the ~nc~~nr, profds, issues ar.d ~evenues from whatever
sour~e de~ived, each and every of w1~~ch, it be~ng expreasly u~drrstood. is hereby mortga9ed as ~f sptul~caily set fonh and desu~bed in the gra~t~ng and
hebe~dum clauses hereol, and such Receiver shall havr all the b~oad and rfiec!rve f~ncr.ons and powrrs in anyw~se entrusfed by a Coun to a Recciver, and
s~ch sppointme~it shal: be made by wch Court as an ad~nitted equity a~~d a~rw~rer of abso;vte r~ght to sa~d M~7RIGAGEE, and wi~hou? re(erence to the
edeq~Ky or inadrqvacy of the value of the property mortgaged o~ to the so~vrixy or ~ntulvency oi sa~d MORiGAGAR or the defendants, a~d that such
rrn~a, profits, incane, issuea and revenues shafl be appfied by such Rece~ver accwd~ng to the iien or rquit~ 01 sa~d MORiGAGEE end the practice of such
CouA.
B. To duly, prompily and fulfy perfor~n, discharge, execute, eilect, complete, compiy vr~rh and abide by each and every the stipuiations, ag~eements,
condi`ions and covenanrs smd prom~ssory oote and ~his mortgage set iwth.
9. That in the evcn~ thc ownenhip of the mortgaged prem~ses. or any pa~t thereof, 6ecomes vested in a pc~son other than the MORTGAGOR, the
MORTGAGEE, irs successo~s and asiigns, may, without ~otoce to the MORTGAOR, deal w~th s~ch successw or sucteasor in ~nterest with reterence to thia
mo•~9aye and the deot hereby secured m the same manner as w~ih Nbrfgago+ w~thour in a~y way vit~afir.g or d~xharg~ng the /dcrtgagori liabil~ty herr
unde~ or upon the drbt herrby secured. No sale of the Fremises hercby mortgaged and no forbearance on the par! of the IAORiGAGEE w its svccessws
u~ assigns ar+d no ea~ension of the time fo~ the payrreent oi the deb~ he~~by secured given by the MORiGAGE~ of iti successws w ass~gns, ahall operate
ro release, d~xharge, mod~fy change_os.affect the orig~oal tiau~Lty oi the MORiGAGOR herein, eitAer in whole or in parl.
10. It is spet~iicalty- agreed ~het time ~i!' of the essence of this c~ntract and thal no waiver o( any obl~gat~on hereu~der or of the obligat~on ae-
c~red hereby shaU a? any ~ime thrreahe? be Aeld to be a wmver of the terms hereof or o1 the insrrument aecured herby.
11. In add~tio~ to the forepo:ng mpnthJy payments pf princ pai and iNerest required by the prom~ssory no!e secured hereb~, mortgagor covenants
and ag.ees to pay to morrgagee with eacFi meroh!y payr.,ent an add;iional sum esc,n:ated by mo•tgagee to be eq~ai to 1.' 12 of the annual cost of the follow-
;ng:
A-All real property taxes le~ied or assessed against the above described real estate.
B-Prerr.~ums on (ire bnd w~nds+orm ~nsurar.ce as here~n reqv~red to be canied on the ~mprovements s~tuate on the above desaibed premises.
C-Prerniums on s~~ch mortgage guaranty ir.wre.:ce as mortgagee shall from t m.e to ti~ne deem iit to ca~ry on Sht loan secured hereby.
Mortgagee sha".: !rom t6r:e to tiex notify mortgagor in writing of the amovM due and payable hereunder and suth surn shall thereupon k~e due arxl ~
~~yable on the due ciate of the next month:y pay~r:ent and eath successive monTh thereefter ~r.til mortgagee shall notify mortgagor of s change in such ~
a^~cunt_ $uch sums shr~ 5e app4ed by4.mo?tyagee lowud! the payme~trof, c0a~ p+operty t~~es, insurance pre~:vms, and mortgage guaranty insurance
' o•emiums. ' ' . ' • ~ '
i ~
j IN WITNES~ !'/HEV~OF. she said MORIGAGOR~has 6ereunta set his hand and seal day and ear first atwesaid. ;
I Sesfed a. deliver in the presence of: .
i FiLec ~w~ REC~aoeo sK-•Lr•c,~j- ,n -
~°ss S7. Wcr~ COU~tr f~A. Monika P B ~,q
~ ~ ROCE~ ~ a~SRAS ~
~ tDess ' L~`.c..~ CIERK G~~vU11 COU (seaq
~ ~ ~c,e'v - aECCae vEF.~FiEO ~s..~~
* i
~ SiATE o~pt~ot New
York ~5 `O ~ ~M ~ 1' .
couNn oF w ~ ~r~3 t
~ bef«e ~++e perwoa~~y ap~arrd MOA~1c~ P. Burg~tnd a sarzied adult ~ i
_ I~~k, ro me well known and kr+own to me to bs
~ e En ~ ~I~ cribed e~ and who executed the foregoinp instrumcnt, and acienow:edged before me {1~ ~e~ executed the same fw the purposes
~j -
~ ~ ,
~ M WITNE55 m hand and official seal this de of ~
~ y Y ~ ~
~ ~ `i~U - ~ _ . ~
: ~
s - l . -
r.`~ r, Noury P~bGc in and f State o~
~ ~ TAT ~ ~ K'v ~ My Comm~ssion expues ~ • ; ~
U~' .JCUf 1FNTl~D~ ST;:i~riP 7D?X -r ~1MN TAPP ~~Y~i~~p. ; s~..`...
~ F;.. ~ Z - ' _ ~ ~a~,, wb~,~. S~ofe of Wew Tork • 4~ .,a . c ~
4
~ J~ _ ~f~'12571 ^ Q C O_ No. 03-1359375 Qual. in B:onx roun~y < e~
t,•, N
p _ L v J Certifimt~ filed in New York County . Y-.!. ~a~~y
U M*~ c s ~ = COIM'~ifilOfl faprtes MarCh 30. 1973 f~ ~~~~'y.a•w~:
~ N r : : ~ f ~~'(~i
~:~.~S~;~to -,-•:::s
p "''kr; r
~ ~Iy~,p IN MYMEIR t~' TAXES
~ This Instrument P~epared By W~~ E. Braun ~~~~,ANiCIASS 'C MRANGIalE PER90lW. rNOPERiY,
First Federal Savings E~ Loan Association TO GtAPTER 20724, ACTS Of 19N. •
~ of Fart Pierce ~ Rlorida ~,,~'01T~ a~ ~u~
~ es Il~e.^.t tot DAHIEI N. KNOWLES, 1R
~ Checked BY~ ~ St lutie Cou:.fy T,x C011t~~
~ Zy~ ~016 ~ - - ~ ~.J
Y ~
~ , D€PU1YZlF s
~
~ ~ - - - - ~ ~ ;
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~ ~'K`~i 4 I I I 4'§5 _
. _ _ a.. ~ J.'v_. K 3 r'~ . .