The URL can be used to link to this page

Home My WebLink About0002 y ~ ' • ~ 3. To plac~ and coroirtuously keep on tM buildinys now or hereaftK Ntwt~ on sa~d land and on all equipment and pe~wnally covered by this mat~- # sg~, w~th all prem~um~ ~he~eon pa~d in full, fi~e insurance i~ tM usu~l iund~rd polity form, in a svm approved by the MORiGAGEE, and windstam ~ ~nsurancs in tM viual s+a~dard policy fam, i~ a sum approved by tht MORTGAGEE, in s~ch comp~~y or compan~es as IM MORTGAGEE may dincl; and all tire and wind~torm insurance policies a+ ~ny o( said build~nps, ~ny interest therein or part ihereoi. i~ Ihe agy~e9ate sum a(aeuid o~ tn excess thersof. ~hall contain ~he u~wl s~andard mortyagee claus~ or such_otha clauss as ths Mo.t~agee may requ~r~, makiop the lou u++der s.:~d polb c~es, each and every, payable to said MORTGAGEE as i» inte~eu may app~+~, and e+ch and every svch pol~cy shall b~ promptly aas.9ned and delivered to •ny held by said MORTGAGEE as (u~ther secu~ity to said matpage debl, a~xl, ~ot less than ten (10) days in advarxe of ~he expiration of esch policy, to de- I~ver to taid MORTGAGEE ~ ~enewal thereof, toyethsr with • rece~p~ fw tM premium of tuch renewal; and ~hers shall be no fire or w~ndi~or~~ insurance plsced on ~ny of said buildirgs, any intereat therein or part Ihe~eof, untesa io the fo?m a~d wifh the loss payable af aloresaid; end in the event any sum o! nw~ey becomes p+yable under ~uch polity p polKits ssid MORTGAGEE shall have the opt~on ro reteive and apply 1he ssme on accoun~ of ~ha indebted- ne?a secvred hereby w ro permi~ said MORTGAGORS to receive +nd use it w any part thereof for othrr purposrs, w~~hout tha+roi wa~~~ng o~ mipair- ing any eq~~ty, lie~ or r~ght u~?de~ ot by virtw of this mo:tya9e; a~ i~ fhs event ssid MORTGAGORS :hall (w ~~y reason fail to keep the sa~d p~emius so insured, or faif ro detive? p~anp0y sny of said po~K~es of insv~ance ~o iaid MORTGAGEE, w fail promptly ~o pay fuily any prem~um therefor w ~n a~Y respstt fail to psrform, dixharge, exetuts, etfecL tomplete, tomply with ~nd abide by lhis cove~ant, a sny par~ hereof, said MORTGAGEE may pl~te a~d pey fp auth iruuranc~ or ~ny part thereof without waivinQ w ~ffcctinp a~y option, lien, tquity, o~ righl under p by virtut of thii Matgsge, ~~d tht f~ll a~nount of exh a~d every such payment ahall be immediately due and payabte and shall bear interest i~om the date thereof until paid at the ~ate of n~ne pe~ centum per annum and together with such i~terest shali be secured by the lien of this mortyage. 1. To permit, tommit or s~ifer no waste, impsirmtnt o~ deteraration of s~id property o~ a~y parl thereof. S. To pay dl and singula? the costs, charges ~nd expe~+ses, :ncludirg a~easonable a~torney's f~e and costs oF abstractt of title, incurred w p~~d a1 eny time by said MORiGAGEE, betause or in the ~vent of the (aiiure on the part of tA~ said MORTGAGOR to duly, promptly and fully perfwm, d~xhar~s, rxecute, effett, complete, canp~y w~th and ab:de by each snd every the stipulat~ons, ayreements, conditions, and mvenants o1 said promisw~y note a~d thi~ :norlga~e sny or ei~her, and sa~d costs, cMrgcs and expenses, each and every, shall be immediately due and payabte; ~vhether w no~ there be no?ice ds , mand, attemp~ 1o collect or wit pend~ng; +nd the ful) amovnt of each and every svch paymeM shall bear interest from the dare tAcreol umil paid N the ~a~e oi nine per centum per ann~:n; and all said costs, charges artd eapenses incurred or paid, toge~her w~th such imerest, shall be secured by ths lien o( thit morf9sys. _ 6, That (s) in the svenl of any breach of this 1Nortyage w default on the ps?t of ~*.e MORiGAGOR, a(b) in 1he event any ot sa:d sums of money ; herein refe~red 1o be oot promptly and fully paid within thnty (303 dsys next siter the tame severally become due and payable, without demand w nouce. or (c) in the event each snd erery ~he stipulations, agraements, cond~~ion +~p~ covena}fts of sa,d prom~swry note and th~s morfga9e any a ei~her are no~ iuly. p~omptly snd fully pe~fwmed. d~uharged. eaecuted. eifected, com~e~;~compl~ed with ar~ ab~ded 5y. then in a~ther a any such event the s~~d ag ~regate sum mcmio~ed in said pranisaory no?e then remaining unpa~d, with interest actrued, ar~d ail monrys secured hereby, shall betome due and pay- ao:r forthwith, a thereafter, at the option ol said MORi('~aAGEE, ai fully snd comptNely as if atl of the sa~d suma of money were org+natly stipufated ro be pa~d on such day, anythiog in sa~d promisswy note or in this JNortgsge to the contrary notwithstand~ng; and theroupon or thereaiter at the opt~on of sn.d MORTGAGEE, without not~ce or demand, suit at law w in equity, therefwe o~ thereahcr begun, may be prosecoted si if all money secured hereby nad mat~red pnor ~o hs institution. 7. That in the event that at the beginn~ng oi w+t any time pending any sutt upw+ this Mo~tgsge, or to fweclose it, or to reform it, or to enfo~ce ' payment of any claems he~eunde~, uid MORTGAGEE shall apply to the Court h~ving ~ur~ad~cteon thereof for Ihe appo~ntment of • Receiver, suth Coutt shali forthwith appo~N a receiver of said mwlgaged proQerty all snd singular, incl~d~ng all and smgular the income, proiits, iasues and revenues from whatevet s; u•ce derived. each and eve~y of wh~ch, it beir~q expressly unders+ood, is hereby morrgaged as if spec~i~calty xt fonh and described in tAe prannng and h3bendum cfauses hereof, a~d such Receiver shall have all the broad and effecrivt funct.ons and powen in anywise entrusted by s Cov~t to a Receiver, and s~ch appointment shall be made by such Co.r.~ ss sn admitted equity and a matter of absolute rigM to said MORTGAGEE, snd withouf reference to Ihe ; a~lryuacy or i~adequacy of the value of rhe property mortgaged or to rhe savency o. ~nsotvency of said MORiGAGOR or the defenda~ts, end that such rr~rs, profits, inco~ne, issues and revenues shafl be appiied 6y such Receivcr accordu+g to the lien w equity of said MORTGAGEE and the practice of such ~ Court. 8. To duly, paomptly and iully p~rform, discharge, execute, effect, complete, comp~y with and abide by each and every the itipulationa, agreemenri, ~ co~diYwns and cuvenann m sa+d promissay note and this mortgage set fwth. 9_ That in the event the ownership of the mortgayed premises, w any part thereof, becomei vested in a perwn other fhan the MORTGAGOR, tM MORTGAGEE, its successors and asaigns, may, without notice to the MORTGAOR, deal with such succcssor w successo~ in interest with reierence to this mortgage and the debt hereby secu~ed in the same manner aa with Mortgagor w~thout in any way vit~ating or dsxhaiging the Mortgagors' lisbility Mra ~nder w upon ehe debt hereby secured. No sale of the premises hereby mortgaged md no (orbearance on the part of tFro MORiGAGEE or its iuccesson c* as:~g~+s ar+d no exrens~on of rhe ~ime fo+ the payment of the deb+ hercby secured qive~ by the MORTGAGE'_ o. its iuccessw~ w au~gns, shall operatt ro rc~eau, d~xhar9e, mod.fy cMnge or affM the orig~nal Gab~l~ty of ehe MORiGAGOR herein, either in w~wle a in part. ~ I 10. It is ipeN(rca11v agreed thst time is of the cssence of this contract and that no waiver of any obl~gat~on bereunder w of the obligstion K- ~ i cvred hereby sha~l at any hme thereafter be held fo be ~ waiver of the terms hereof or o1 the instrument secured F~erby. 11. In add r e~ ~o the fwego n9 ~nonth!y paym~nts of princ pal and interest requ~red by the prom ssury no~e secured hereb~, morigagor cove~ants ,nd aqrees to aa~ to ~-,c-tgagee w~th each monthly payrent an add~iional sum es+~mated by mo-tgagee to be eq~a7 b 1;' 12 of the annual cost of the follow- ' A-All real prope~ty taxrs lev~ed or assessed aga]•~st the above described real estate. ~ B-Prr~.~u~ns on f=re ar.d w~ndstorm ~nwrar.ce as herein rrqu:red to be carried on the improvements }itwte on the above deu~ibed premius. C--Prem~vms on such morrgjge guaranty ~nsuror~ce as martgayee shall from t me to nme deem fi~ to carry on the ban secured hereby. ~ Mo.tgagee sha I f.om f~t e+o t~me nof~fy mor~gagor m writl~g of the amount dve and payabte herevodrr and wch sum shall thereupon be due •nd : a,able on the due oare oi the ne,A month:y paymens and each wccessrve monsh ~hereafter ur.tit mortgagee shall not~fy mortgagor of a change in such ~ ~ A~•ount. Such s~ms sFa i be a~.,~:~ed by mortgagee ~oward the payment of real propeAy taaes, insurance p~em.ums, and mort~age guaranty insur~nce ~ c~em~~ms. ~ 3 ~ IN Y~ITNESS NER~OP the ssid ORTGAGOR has ir_reunto xt his hand and seal the day and year first aforesaid. i a tiivered in presence of: ~ •n - ~ J J. 1-ne ~.q ~fl~t1`~s~.~e • se.~ "'itness eien F. earne n SiATE OF ~uw~ ~tew York ~ ~ tiASSa~ u. ~ouNrr oF Befwe rre penonally appea?ed J~fR~~ J. Kearr,ey ~r~ He2en Kearney his wife, to me well known and known to me to bt rhe indivedwls dewibed in and who executed the foregoiny instrumem, and stknowt ed befae me that they e:ecuted the same for the purpwes Helen F.~earney ` rhe~ein eap~essed. And the said_ ~ Jarye s J . Kearney , , ,re .~d ~~,r• ~ +v~1e of tM ssid ~Pa' ~P~' P' ` e.a~nloat~on by me taken separate and apart from her said hu~band, etknowledged to and before me that she executed said insfrument freely ~nd voluo- ~ ~aruy and wnhout ~ny computsan, constraint, appre}kns~on, ofj~ear of o~ from her said husband. 3~ ~7 1 ~ WITNESS my hand a~d oificial seal thiL ~ v~~~ day oi /1. D. 19__1__ f • ~ ,e.~h, ~e~~D~-~-~ . : Notary Public in ' ns' ' R~r~,R To: ~o!~~~- 3 r 30(~ ~ ~ First Federal Savings b ioa~ n:s«~at.o~ NOTARY PUBLIC, State of New York o~ Fo.r P.e:cP N0. 30-5069812 fo~t Pierce. Florida Qualified ir~ ~~assau County. Cammission Expires Alar, `19:.`~y This Instrument Prepared By graun _ ~ ` First Fede~al Savings d~ Loan Association . ~ , . , ; ~ of Fort Pierce ~ ~ orida 0 R ~Q~ ~ : ' ` ~ ~ b,Q01( vt~ ~ . . ' . Checked By • r ~ '