HomeMy WebLinkAbout2270 J. To p!ac~ a~d con~:nuous~y lcep on ~Fu bv~'dmgs now or hereafter ~~twte on said ~.u+d and o~ aC equlpt,~rm a~d persor~a~~y covrred by ~his mat~
~g~, w:~h all premwa~s rhr.eo~ pa d~n tutt, f~re ~~~su~an~e ~n ~he osvii-u.+ndard pot~cy form, in s s~m a~wo.~d b; e~~r htJR::,AGEE, a:~d w+ndstwm
tnwrance in ihc ui.~a~ u,~wi~~d ~w:.cy funn, m s wm approred 'oy e~e MORTGAGEE, in such tomp~ny ar canpan.es as Me A~ORTGAGFE may
d~recr; and aN (fre ar:d w;nJseo.m ,nsu~a~cr pol:c~es 'n any of ia~d bu~id~~gs, ~ny ~n~erest therein n. pa•~ therrof, in ~!~e aggr,:ga~r sa~n atwesa~d o~
i~ tacess thereof, shatl :om„n itK us~af a~a~~d~rd mortgogae ciaute w such oihe~ daux as 1he Mo~egayee mey ~eqv.rr, m.lu~g ttw ioa undtr sa~d poti-
c~es, exh and evrry, paya~!e to sd:d ~ti~JRiGAGEE •s ~rs ~nrrrrst may apFear, and c+ch ar~d evrry wth po.~c/ shoti 5e {.ro~nptty ass y~~rd a~:d da~~Ye•ed eo
~ny hrld by sa~d MqRIGAGEE as f~nhrr security to sa~d riongage ctbt, and, not leas fhan te~ U01 d-+ys in ad.a~~<r of ri+rwap~rat~an of each po6cy, ~o da
Gve~ to said MORiGAGEE a ra~cwai tf~ereoi, ~oge~her with a rece~p~ fo? the pr~rn~um ot ~uch ~ene,na:; •:~d : i~etQ ah~aEt Le r,o i~re o. w;,,dsio~~n insui~nce
placed on t•~y o1 sa:d b~, d:ngs, any inr~•~e?1 th~re:n or p~rt th~~ep1, un'ess in the io~m and wr~th the (ou pay~a!e as aforesa~d; ~nd in ~he evenl any a~m
of money bccunxs payable ~~nJa such pelecy w po6cias said MORiGAGEE shall Mve ~he oynon ~o recoive ~nd ap~~:y the ae~nr on account of the i~~drbted~
ness secu~ed herrby er eo perm:e s.+~d 1AC~RiGAGORS ro receive and uu it a a,~y p,:r1 ~l:r:rof tor o:~,, •~.u~; ~s~•:. ..:~~,.,,,e ~f,:•,:,r c+ ~~~:p.,~.-
~~g any equ~ly, lien oi right u~dar or by vi~tut ot t~is mo:tge9e; a~d in th8 event sa~d M0~2TGAGORS th~!1 Ea any rt+son fail to krep the said prem~~rs so
~nnvrrd, qr fail to de~.vrr p~anptly rny of sa~d pofeies af inivrance 1o sa~ MORiGAGEE, or f~~l pro~+~Ntty to pay fu:ty ariy pre~~:.u>n ther~fw w in any
res~~eti luil t0 peilorm, d~scherge. PIPCUIQ. effeti, complele. comply wilfi sM~ ibide by this covensM. or anY Pert ha~eol. s.j:d MORiv,~GEE may plKe and
pey fw s~th insurente or any part thrr~p( w~~hout waiving or atiect~~y any opf~on, licn, cqu~ty, o~ ng?.t undrr a by v:rtue o~ ~his Mw~gage, and tht
tult a~novnt ot eech and e.cry sucA payment shaD be ,m,ned;ar~ly due and pysble and a1+a11 brar inte~~st frwn iho Jate therawf unnl po~d a~ ~he ute ol
n~ne pr~ cen~vm per ann~•n a~K1 eo~~th~~r ~~Th wch inre~esr s1w1E !x secured by the lien of th~i mortgage.
1. To pe~mil, commit or wff~~ no waue, impairmrnt or deteriwat;cm o( sa~d propcrty or any put thereof.
5. To ;
pay aSl snd s~ngular the coats, charqes and eapenscs, inciud~ng a reanonabte at~wney's fee and cosrs of abstracta of title, incurrpd or paid at
a~ j time by sa~d MORIGAG'f, because o• :n tl~ evenf ol the ia~lure on the part of iF.~ sa~d MORTGAGOR to duiy, pro:npNy and futly pc~ia~~, d~uhuge.
ex~:~te, e(Iea, canp:ete, canp!y w~th and ab.dr by eacn and every ~he stipv~at~o~s, agrr.:n,ent~, co~xl~t~ons, and cOvr::entt oi sa~d p~o•n~sspty no~e and th:s
,:o~~gage any w e~rhe~, a~~d H.d coars. charges and expensrs, each and every, shall be immrd,a~ely dve and payab:e; wh..~iher w not rhere be no~~ce d~
mand, att¢mpt to co:irct or suSt p-_nd,~.g; end the f~l! a~nount af each and e~e~~ such paYment s~~l! txar ,r,r.:rest from ~he date tF.~~eof unti! p~id at th~
r,lti` J~ ~l~~lf NCt Cr~`iur~~ y~f d~~~~~i•~~; arK: dl~ SdN~ COit~. chargra ind C+t~n'n1LS ~fKU(f~ pf pd~(~. tOl~C1~1Nf W~f~l ~yG~ ~~fIr~CSf, f~~di~ ~ sec~rc~l br ~he i~en of l~t~~
TOff9dy!'
6_ That (a) ~n rhe event of any brrach of this Nb~tgage w dcfaulr on tM par! of ehe MORiGAG~R, or ;b) in fhe event any of ~a:d sums of mone~
herein rete~r~-d to be not promptty and fu~ly peid wnh~n th,rty (30) days nea~ a~t•_~ the sa~~e severa':y beco~ne dve and paysbte, witfwut demand a notice.
or (c) in the event each artd everr ihe st+pv:at~uns, agreemetvs, cond~s~ons aad co.er,aots ot sa.d pro~,~swry note and ~h~~ moi~gage any a erther are nof
ivly, p~on~pdy and fu:ty per}onned, d xha.grd, e:ec~ted, effecr~d. co~:~pfered, compi~ed w~th a~d ao~dao 5y, tFkn ~n atMtr or any such rve~t tl?~ s~~d ag
~~egate sum mem~onrd in sa~d prom~ssory rqfe thrn ttmaining unpa~d, with mteres~ atuurd, and a.l moneys srcured hrreby, sha~l becwne due and pay-
ao:r. fathwaA, o~ ~hereal~er, at the opt~on oi se~d MORiGAGEE, as ~ulfy and comp:Nefy as il all 04 ~I.r sa~d s~ms of nwney were ong~nally shpu:ated
io be pa:d on svch d~y, any~hing ~n sa.d pran~ssory oose or in ~his Mor!gage ro the conteary no~w:rhsrand~ng; a~+d nc~re~,pon or thereaHe. at ths op~~on of
se;d MORT6AGEE, .`~~h;,ut aot,ce o? dnna,~d~ suit a~ law or in eqvay, iherefo~e or thcreaher begur., nay be prosecWed as iF all nwneys secu?ed hereby
h~d maturcd pr~p fo ~ts ~nst~tunon. •
7. That in the erent that at ~he beginn~ng of or at any time ~nding any suit upon this Mo~tgage, or to foreclou.it, p to re~orm i?, o~ /o enfwt~
pa.r.~ent of any cla~m.s ?+¢.eur,d,r, sa~d AtiORTGAGFE shalt apply ro the Caur~ havi~ig ~unsd.c::o~ thereof for ~he aopantmrnt of a Reteive~, sucF~ Court ahall
Forihwith appo~~t j rece~.er af sa~d mortgaged proo~rty aIl and singular, inciud.ng a~l and s~ngv,a~ the incat~e, prof~ta, iss~cs arK! rerenues from whetever
so~:ce dr+7ved, each a.~d every ef wh:c'+, ~t be~r~g e:press~y undenrood, :s he.eby mo»gac~ed as +f spec~l~cai;y xr iorth and desuibed :a +FK gr~nt;ng and
hal~endum davses hereof, anu such R..teiver shali havr ait ~h~ broad and effecnve tunct.ons a~d powers m anyw~se emwsted by a Court to a Receiver, and
appointme~~t shall tr mase bv sv~:~ Covrt ~s an admitred cqa~ty and a mane+ of absoiure r~ghf to sa~d MORTGRGEf, and wirhauf reierence to the
adey,,acy p in~qudty O~ ~he v~1~c of ?he properry mor?gaged or ~o the so:vency o. :~so!~ency ol sa~d MORtGAGOR a the defendants, a~d fhat svch
rr~,rs, profits, irxane, issues and ~e.enuea shaN be appGed by such Recc~rer accordu,g to ?he Gen w equitr ot sa~d MORiGAGEE ar.d the practice of such
Court.
8_ To duly, prp~ptiy ard fu!!y pe~fo~m, distharge, exet~te, effcct, complete, comply with snd abide by each aod every the stipu(ations, agredntnts,
condi~ions and covenants m aa~d prornisswy note and th~s mortgage set fwth_
9. That in the even~ the ownersh~p of the ~*wrtgsged premixs, w any part thereof, becomes vested in a perspn other than the MORTGAGOR, the
MORiGAG:E, its s~ccesso~s and a:s~grss, may, wi+hoa;r nor:ce to ~he JNORiGApR, deal w~~h such successw w s~ccessor in interest w~th reterence to this
mo•rga9e and fhe drut he:eby secured in the same manner as w~fh /Aortgagor w~thout in any way viY:a~ing ar d~schargi.g 1hc Mortgagors' Iiab:Iity lKre-
::ndrr or upw~ the de~t Rereby secured. No sa:e of the prem~ses hereby mo~tgaged ard no fo~beerance on the part of rhe 1JIORiGAGFE a iri successors }
or ass~gns and ~o ex~ens:o~ of ~he t~mr fo~ the payrnem of the dpDt hercby secured given by the ItORT(;AGE' o- its successors w ass~gns, shail operate i
ro :etease, d,scharge, mod~fy change p affect the orig~nal liab~lity of ~he MC~RTGAGOR here~n, either in whole w in part.
.
10. It is spec~ficalty ag.eed that time ia of the esu~+ce uf this ~pntrad and fha~ no wsiver of any ob~igat~o~ hereuader or of the obligation se-
c~red hereby shab at sny time thereaher be he:d to be a waiver of the terms hereof o~ of the~ instrument secured herby.
t l. In add f:o~ ro r!,e forege n~ ~~,o~rhfy paymams of p~ix pa: and inrerest req~~red by the prom ssc~y nore secu.ed hereby, mortgagor covenants
and a~.~s rc pay ro ,~o•fgagee v~~ih each memh~y pay~.:ent an add~*eonal wm es~~-~~ered b~ morrgagee to be eqval to i, t2 01 the a~~nual cost o( the foHow-
ing:
A-A'~ rc~! *:rop;-.ty taa.s le~~e~ cr asses>ed ag~i•~s! th~ above descriycd rea~ estate. ~
B-F~r~. _:,s nn f~r~~ and w~r.dsto m insuracce as nere~n requ.red to be car~ied en the improveme~ts s:ruate on the ~bove d~sc•ibed premius.
C-P:e:•::~ ~ s o~ wch .ro-t~~ge 9~aranty ir.suracce as rrw~tgagee sha!I (ro:r rme ro ri~rse deem fit to carry on the toan secured hereby.
b!ortg..~_~e s•a '`~c~n t~.re to r~me r.onfy mcrryagcr m wr~r:nq of the amouv due and payabfe her~ndrr and s~cfi su-n ahail thereupo~ be due end
Gayabte on fhe el,,r ca•e ef rhe n~•.t mo.^fh:y payment and each s~xr_ss~ve ?:o^th thereah~r ur.ti~ mo~tgagee sha~t ~ot:fy r,wrtgagor of a change in such
a^ euni. Such w~ns sFa.: i,e apF':~rd by mor.gag_e toward the payment of reat prope.ty taxes, insura~xe prem.ums, a~~d morrgage guaranty insurance
p'emiumt. - '
IN 1V1?Nf~~ ::Nf~E(%F •ne satd MORTGAGOR has hereunfo set his hand and seal the day and year tint aloresaid.
S~gned, Sealed and d I~vered in the ence of: 7 •
~ ~ ~`~`~'~r~~ ~~~x~
::itness _R~u~~Ol~"~a~e
cs~,~
y - /J~/i/4-R-
:~litness . c~Qla~~ Marie Bade
SiATE OF~fii6~F, u York ~ "
COUNTY OF ~
1
~fo.~ ~ ~w.,d~iy appeared Rudolph N. Bade
•r,d
l''fs1Tle Bade his wife. ro me well 4~ow~ and known to-~ae ~o be
rhe ind~vidvals describ~d in and who l~KUi~ the foregoing instrvment, and acknov„ledged Uefore me that they t~eecuted the same-ior the purposes
tberein espressed. And the said~ ~rl@ Bade _
,N;fe of the sa~d _ ll O P . 8@
- - upon ~ xpar~te and privat~
e¦am:na+~on by me taken sepa•ate a1rJ apart irom her said hviband, atknowledged to and befo~e me that she executed said i~3tr~ment (reety and vof~n-
ror,7y and w~rhov~ any co~r+au;s~on, cons?ra~m, appre s~on, or feu of w from he~ said Fwsband. '
WlTNf55 my hand and offiual seal thiL day of Ju A. D, 19 71
' 21i8:~~ - l, -
~~p AK~ ~E~~ ~R ~ ary p ic in and (o~ e Siate of ~r~iw~e
_ f~.LUCIE C!! su~ My Co ~ssion eap~rls: ~~~rk
Retu!n To: ~O~rER '
F~rst Federal Say~ngs d toan Assoc;ation ~ER~ C~R~~T Q~T AIfRED L SCFIMIIT
O+ ~c•t P.-cc KceoROrta~?i~ow~~'~ Notery Pubtic. State of New Yo/1~c
Fo~r P:~.ce, Fi_r.d.i ~~I' No. 41-3511415 - Queens County
- Te~m Expires Marcb 30. 1973
~ ~ ~ -
. This Instrument Prepared By D. Chastaf n ~ '
. ' .
First Federai Savings & loan Association . ~ . : ' ~ ' •
. .
of Fort P~erce ~ ~orida , . ~ - '
. _ ;
f~ -'~if ' ~
Checked By - . . ^ +r', `
~ ;
60~x1~ ~a~ 1`~9 .