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To ptac~ a+d continuou~~y Aeap o~ ~h~ bu~'dinqs now w I+r~af~~r wws~~ on s+~d :ard and on al: cq~;µ:nenr u~d person~fly cove~cd by ~~i~ mwt~
a~. wilh all prom~v~ns Mr~ew~ ~,a~d in I~It, fue u~turance m Ihe usval s~e~rJa~d poIKY "tprm, in a su~n ~py~u.ed b~ ~hv MOR~v1GEf. a~~c! winditpT •
inswMCe in the uswl i~r,derd pot.cy ~or~n, in a sum appro.ed b~ tFw 1V~JRTGAGEE. in iuch canpany w co:~,psn,n at eh~ A1t~RiGAGfE ~y
duect; all fi.e and w.~tlarorm insura~~e poiK~es on ~ny of sa•d ~•~~d,oy~, ~or ~me~ns~ t1+e~c.n or p~rt ~hereol, in !he aggrcg~+~ •~~n ~Iwes~~d a
in ~acess Ihereot, shall conta~~ tlw wuel sts~tala~J margaflee twus~ w svth O~he~ daui~ st tM t~wt9ayes may ~eyu.r~, ma?~np tfwe tosf unde~ fad polt
uea, each and eve~y, peya~4 ~o sa~d MJRiG4GEE ~s .ts ~mrrr~~ ~uy ~~ear. ar~d esch a~d every s.icA po~icy ~h~ll be pra,+puy a~s g~~rd •~~d de~~Ye~cd ro
•ny Ae~d by sa+d MORIGAGiE ~s i~rrhvr srcw~~Y ro ss~d nwrt~age dtb1. lnd, no/ 1es1 than tcn (10) dars in aJv~~Kr of N.e e•p~~~~wn o1 each poGCy, ro de-
livar to sa~d MORTGAGkE a re~~ev~al thtruof, Io~Nha~ witA • recetpl to~ the p~em~um of f~th ~enewrl; a~.d tl~ere shell !~r ~w f.~e o~ w~»ds~o~~o insur~nt~
pl~crl on a~y al ss~d bu~ld~~x~s. •ny +n~eresl thc~e.~ a pa~t tF~e~cof, vnleaa in ~he form and w~tA ~he Iws p~yabl~ ar ~fo~ese~d; ~.d in ~h~ e~ent a~y suin
of naney bccomes payab~e ~~~de+ such pelicy o~ polK~es u~d MORiGAGEE sAall havt ?he ophon +o ~ecc~~~ a~~d app!y d~e sa„~e on account of ~he indebted-
neu secwed ha~eby a b pe.mit u~d NWRiGAGORS ro ~ece~w ~nd us~ i~ w•ny p.x1 U~r:eo1 fo. c:~~~v ~,w~.~a~ s. t.:n~~,t ~h u: wa~~~.~~ o~ ~~npoa-
iry any equ~ty, :~e~ a~~yh~ undrr w by virt~e of th:s mo~~y7+gr; in ~he event sa~d MORIGA~S aha!I to~ any reason Ir~l to keep ~he s~~d p.em:ses so
iniurrd. w fait w ckG.e. p~a~~pUy any of aa~d polK~es o( ~nauranc~ ~o sa~d MORTGAGEE. or I~d prompely to pay f~,ty any prr~~~~m ~he.eta w in any
reiped fail w pertorm, d~scMrge, earcu~e, effec~, co~+plero. canply wlrh ~nd ab:de by thi~ tovenant, o? a•iy pa~t hereof, sa~d M~iR1GAGEE may p~~c~ and
paY fa such i~w~sncc w any pan thereof w~~hou~ waivi~g or •ifacti.+~ any opt;on, li~n. cqu~ry, or r~ghr undr w by v~rtve of ~his Mo.tyafle. ~nd th~
Iull a~nount ol eacA •nd e.try suth payment sAa!I be ~m~ned~~rely dw ind payabts ~~x! shall bta. intr•cs~ fran tha date thrreoF un~:l pa~d at tM +'aN of
n+ne per cr~ru,» ~~Rnu~n ond ro~r~hrr v.~rn such ~nrrrcat sFuh be src~red by the t~en of thi~ mortgaga.
4. To permit, commit a au~fer no waste, impa~rn~nt w~te~ioratiw~ ol sa~d property o? any part thereof.
S. To pep all and s~ngvlu ~he cosrs. cMrges and eape~ses. ~~+c~ud~~g a reas«wbte ~110rntY't ~ee and coirs of abs~raas of ui1e, incurred w pa~d a~
any time by aa~d MORIGAG;f, tkcaux o~ in the eve~~~ of the.(adure on the part oF ~M sad MORIGAGOR to duly, pro:nptly and fusly pt~}wm, d~xharge.
execure, elfeu, caoplete, co,nply wnh and ab•dr by each and every ~he sti~wis~~ona, agreenu~nts, condu~ona, and toYC~wnn of se~d procm~sory note and thti
n,ptgge any a e+ther, a~~d sa.d cosa, chsryes aod eaaenxa, exh and lYNy, shall be immed~a~cly d~e a~+d pa~eb:r; whrtir r p not ~hrre be no~~ce dr
mand. attemp~ Io co: . ct or svif pend~ng; ~nd r!,. IuU e~noun~ of eac1+ and every s~ch paymeor shall txa• ~me~-st from ~he date ~he.eol uroil paid at the
..ite o+ nu.r per canrum ~xr an.,~:n; o~K3 ail sa~d cos?s. clw~ges ~nd eajwnses iocurred o~ p+~d. toge~hrr wuh such u,~eroat. ahall be secured by th~ I~en of th~s
rtwrtyaye_
b. ihat (a1 in fhr event of any b~racn oi ~h~a Nlortga~e or de~ault on ~he part of the MORiGAGOR, a;b) in the even~ eny ot sa:d w~*~s of nwney
herein referrrd to be nut prwnpNy and fully pa~d wirh~n th,.~y (JO) days ~e¦~ airrr dx sa+ne sevcra'ty becane due aod payeble, wnhou~ demand a notice,
or ~c} ~n :tce er~~~ rach and every ~he st~pulahons, agreements. co~d~f~a.s s:•+d cove~ann ol sad ~ran~ssory no~r and ih~s mortgage any o~ e~N+e~ ~rc nol
iutY. pra~~pNy and f~~ly perforrned. d.scAa~grd. eKecueed, eliec~ed. compieted. compl~ed wirh a~d ab~d.~d Sy, then in e~ther a any suct+ evsnt the ta~d aQ~
g~egate wm mrmanrd ~n sa~d pro~»~aswy ~wsa thrn re«na~ning unpa~d, with inrr~est acc.~ed, ar+d aif ~T.arir~s secured hereby, ~ha~t become due and pap
aeie fath.v~th, w~herrafrer, at the opnor+ of se~d A10ATGAGEE, as fully and completcly ss if all o( ~he sa~d sums of money were aginatly s~iputated
ro be pa.d on svch dsy. a~~y~hn~g in sa.d p~an;ssay note w' in th~s lA«tgage to the ca+rra.y norw~rhs~a~.d~ng: and ~herevpon a~hereafter a~ ~he op~~cw+ of ,
sa,d MORTGAGEE. ~n~the~t nor~cr a drmend, s~~t at Isw w in equity, the~efwe Or theteaf.tr beguty may be proaecuted as if atI moneys sKUred hNeby
n~d rn~t~red pr~o~ to ,b uu~nvt~ax~.
7. That i~ the eYent ~ha+ at rhe beginn~ng of or at ~ny time pcndinq any suit upon tl,is Mo~tgage, e~ to foreclose il, or to refam i~, w to en(o?q
paymem of an~ ci.~:~ns ~~•ev~~d:., s~~d 6tURTGAGfE sha~t apply ro ~he Cour~ havu~g ~ur~sd:t~~on thr~r0~ for ~he apNO~nhnem of a Rece~rtr, sucA Cowt shalt
ferrhwith app.~m a rece::e~ ef se~d n,ortgayro prtwerty ail •.x! sin~ular, inttvd.ng ait a~+d ang~iar the income, prof~rs, ns~es and rere~ves from whatever
seu~ce den~ed. each a~xi rvrry of winei,, 1~.~.~ axpc~s'p v.~der~tood. ~s hereoy mongaged as ~f spec.l,ca~iy srt `wth and drur~brd in the pranhng and
habend~m cia~ses hereof, anc' such Recr~ver shaU have •11 the broad and effecr~ve tunct•ons and powcrs in anyk~se entr~sted by a Cou~1 to • Receirer, and
u:~ appo;n:mrnt sh,~il bc m.rde b~ svch Co~rt as an ad~nitted equrty and a matter of absoiute ngh~ ro sa~d MORiGAGEE, and w~thout reference ro the
edeauacy w inadeq.,acy of ~he ve!vr of the p.operty mortgaged w fo the so.vency or mioi~ency of sa~d MOR+GAGOR a the defendents, and ~ha~ such
renrs. F:of~rs, encome, essues and revenves sned be appGed by such Rece~ver accord~,~y to tM t~en or eqwry of sa~d MORTGAGEE end the p~xrice o( such
Court.
8. To du~Y. p~~Dr!y and fut~y ~torm. d~uharge, eaecute, ei(ect, ~omplere, canp~y w~th and abide by each and evcry the stipulations, agreements,
cond~tions and covenants ~n sa~d promisswy noTe a~x! :h~s me.~ya3e sct forfh.
9. That in the ~vent the ow~e.sh~D of the mortgsged premius, or any part thaeof, becomrs vested in a perwn ot:tier than the MORTGAGOR, t!w
MORTGAGEE,, irs succeasa.s and ass~gns, .nay, without notice to the ~10RTGAOR, deal with such ~~ccessw or s~ccessw ~n interest w~~h reterence to thia
mor~gage and the d_•ut hcreby secvred in the same man~er as w~th Atortgagor w~thout in any way vit,a?ing or d~xhargi~g the lAcrtyagor3' liability hettr
~rsder w uf~a~+ thr debt i~e.rby sec~~ed. No saie ef the p.en:nes hereby mortgaged a~d no tcrtxaranct on the part ot fhe MORTGAGEE os its successws
or asi~gns and no e~+ers.on ot rhe t~me fw thr paymem of the debt h_~.c6~ secur._d given br the MORTGAGEf or ns s~ccessors w au~gro, shall operate
io reieax, d~scharge, mod:fy ~hange or atlec• the wg~nal lisb~i~ty of ihe MCRiGAGOR here~n, either in whuie or in part.
10. It is spec+ficaliy agreed that time is oI the essence of this controct and that no waiver oi any obt~gauo~ hereunder or of !he obliy~tion se-
:ured hereby aha.~ at any time rhereafter be he!d to be s waiver o~ ~he terms hereo( p of the instrument secur~d he.by.
11. In add ~ o:*o r.^.e torene ~+•o~:h'y Hdymentt of pr~nc pat and inre•est reqo~red by the p.om sscry ~~~~e s~~curtd hereby, mortgagor eovenants
+~d ag.eea to ~Y to ~^e-taa~ee v~~~h eech n.•:on+hiy pay~•:ent an ad~a'~nsl svm rsrmated by mortgagee to be equjl to 1. 12 of the annvai cost oF the (ollow-
A-A!1 .ra~ p~oce+Ty taaas ev~ed cr a~ses:~ an3~•~cs thc a~ave destri6ed real estate. ~
6- fr :^s on h~r and .v~r.dstorm ~nwrance as iiere~n requ:red to be carri~d cn the :m,-uoveme~t£ s:tvafe on tha above dascribed premises_
~i R C-P.e r••::~-s o~ s~ch ^-o~r;, :.yr gua•anty :rwra. ce as mo•tgagee shel! fio~r r me ro t~•ne deem fit to catry on the :oan secured hereh~_
1Kortg~gre s':- '`*cm t:-..e to t~~:e nct~fy me•egegor ~n writing of ~he amo.~~t d~e and payabte hereundrr and wch surn shait there~pon be due and
:.~.abte w. the r.,,e a.,~e o4 ri:e ~~_~r momh:y paYment and each success~ve mo~rh thereaf~_r ur:tii mortgagee sha!t not,fy mo:fgagw of : charw~e in such
>•-.ovnt_ Such s..^s s^: _e a~:;'~rd by mortgag~a rowa:d ~he paymeni of rrai prope~ty faxes. insurance prem.ums, and mortgage g~aranty inavrance j
!
~ -emiums. '
iN \VITNE•c `.4k:R~Of :ne sa~d MORTGAGCR hss lxreunto xt his har.d and seal the day ae~ar t~rst afaesa~d.
_ Signed, aled .•+d • ed in the p~esence of: ~ !~f _ /
~r inia . xs~ a sing ~~dult
h
- = ~Se+~q i
- - - (ScaQ ~
STATE OF r~fpt Nev~ York ~ .
ULSTER ~ ~
~JUNTY OF
e~r«~ ~ a+~~iy appeared Virginia C. Ellis, a single adult ~
, ~s1QiK, to me well k~own and known to me to be
rhr ind~ridwlj descr~ced in and who executed the fwe9oirg instrume~t, and ~ckr.owtedged before me ehat ~y executed the same for the purposes
she
~?k.e;~ ~xp.~sxa. ~QRiC
, 747QCi~ODOLU - - -
WITNESS my Mnd ar~d offr-~s1 seal this dsy of _~•D:'l9_~
~ ; ? t ~ f . ,ra ~:F~r~~ ~ -
~ ~ t ~ ~ . _ . . . . ~ ~ • ! ~ ' . C`J+~~ O ~`lelary P 1ic ~n a*+d fw tt,~, Sut ~f- ~ Myl L• -
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3 ~ y., , _ ~ = I~ ~-I' N "~'cpi/ y.`~'~,~M`'Yl `dire~ b ~d ea Vwr „ ~ ~ '
~ ~ jafi ~'iy Covn ~ ° r l+Nw~ M~td~ ~O,C 11 „~t,,,:~•~`~ ~
, oZ Cpj~ecr ~ly~.~J f.,y~~ 3-3c-'3
~
This Instrurnent Prepared By RiChard K. Ka s FILEO At10 RECQ,J! EO "
F~rst Federal Sav~ngs 8 loan Association ~?.ltlClt COUN+i Ll
of Fort P,~rce~ ~loilda ~ IIOCER POITp~
c~~ax c~RCUr~ cowtt ~L i
~ RECOAO YE~t~fiEOr.~..~.. r, ~
Checked By~- ~ .
,li~ 13 3 49 rM ~ I~
- er~ 2.122f~2
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