HomeMy WebLinkAbout1684 3. To p~ace and continuously keep on the bu~'d~r:gs no.v or herralrer e~~uate on ia~d land and on al; equ~pmrrtt and penonally cove~ed b/ ~h~s mw
ege, w~th all prtm~ums the~eon pad in f~il, Lr~~ ir.sc.rencr ~n tne ~s..~; s:a~~3~rd po'~cy torm, in a sum approveJ by the MOR~'"v%.GEE, and ~n~•~ds~o
:nswante in ~he usual standard pol,cy io~m, in a sum appro.rd Wy ~hr MJRTGAGEE, in such co;npa~y or canpan~es a} the btORiGAGEE m
d~rect; a~d all fire and w~ndsiorm ins~~ance pa~ues on a»y of sa~d buitd~ngs. any imeres? therein or pa~t thr~ecf, in the aggr~-ga~e s~m aforesa~d ~
~n eacess lhereof, sha11 :ontain the usua! star.dord mortg.~gee ciause o~ such o~her cla~se as the Morigagee ~}ay requ~~e, maM~ng the ioss uizde~ sa~d po
c~es, each and every, paqab:e ?o said M11~RTGAGEE as its inlcrett may apaaar, a'+d each and e~ery s~th po ~[y shail be prompt{y asa g~~ed und de:~v2~ed :
any held by said MORfGAGEE as furthe~ security to said n:ortgage d~bt, and, not ieis than ~en (10) days in adJance of tne expirehon of eath puLty, to d.
I~ver ro said MORTGAGEE a renewai thereof, toge~her with a rece~pt for thc pr,:mwm of sach renewal; and ihere ahail be no f,re or windi~o~m insuranc
placed on any of said build~ngs, any infe~est therem or par~ ~herrof. vn'ras in ihe ionn a~~d wi+h the lcss payob!e as aforesaid; and in the event any sun
of money becomes payable under such poiiq or poLcies said MJRTGAGiE shail havr ihe oyt~on to rece~ve and appiy the same on acco:,:~t o( the inJrbted
ness secured hereby or to permlt sa~d 1:1pRTGAGORS to recei,re and use it or a~~y p. n the: ~of fcr o~i,.. r p.,r: oses, ~•~[~~•o.:t ~h .v:..~ ~3 ~^ia~~~' f
+ng any equ~ty, lien w right under w by virtve o1 this moregaga; and in ~he event sa d MORTGAGORS shall for any reason iail to keep the aa~d premfsrs so ~
~nsuret~, or fail to deGver prdnptly any of s~~d poFcirs of inaurance lo sa~d h10R1GAGEE, or fad promptty to pay f~~ly any premwm thercfor or in d~y ~
respect Fail to per(orm, d~scharge, e:ecute, effect, complete, conply wrth and ab~de by this tovenan~, o~ any part h.rrof, s.+~d tJ~"LRT;,::G~E may place a•~o
pay for such insurance or any part thareof without waivi~ig or affecti~~g any oNt:un, lien, equby, ot r:ght under or b~ virtue of th~s hlortgage, and thc
futl a~nount of each and every such payment shall be im~nr.~d~ately due and payab:e and shail bear interest from ~Fw dete thereof unfil p„~d a~ the rate ol
n,ne per centum per annum and to~rthcr vvith suth interest sha~i t~e stc~red by the lien of this mortgage.
1. To permit, commit w suffer no waste, impairmeN or deter~orat~o~i of said property or any part Iherrof.
S. To pay all and singulsr the costs, chargea and expenszs, in;iudmg a reasanable attomey's fee and costs of abstrads of t~t!e, incurred or paid a~
iny time by said MORTGAG'_E, because or in rhe event of ihe fa:iure on ~he pan of ~he said MORiGAGOR to duiy, pro~npely and fu:~y pe~form, d~scharge.
execute, eifed, comp~ete, tomply w~th and ab.de by each and every the stipi~lat~ons, agreemenK, cendi~~ons, and covenants of sa~d pran~>sory note a~d fh~s
nortgage any or e~ther, and sa:d costs, charges a~d exFenses, each and every, shall be immed~stely due and payab:e; whether or not thr~e be not~cr d>
mand, attempt to tollect or svit pe~~dmg; a~d the fufl arnoum oi each a~~d evr~y such paymcro shalt bra. intcreit from the date thereof unril oaid at the
• re oi nine per cani~m per an~w.n; a:~d all said tosrs: charges a•~d c+~e~~ses ~rK~rrrd a pa~d, together with wth inlerest, shaN be aecured by the {ien of this
mo~tgaga.
6. Tha~ (a) in the evero of aoy breach of this Mortgage or defaulr on th- part of the b10RTGAGOR, or ;b) in thr event any of sa:d suma of mo~ey
herein referred to be not prompfly and fu:iy paid within th.rfy ~3G; da~s r.e..+ arr•,r the sa~ne :evere::y becume due and payabte, witl~out demand o~ nouce.
.r (c) in tha event each and every ~he stipuianons, agreemenu, co:~d~s~o~~s a~~d covenanrs of sa d prom~ssory nore and th~s mortgage any or e~ther are not
j~ly, promptly and fu~ty performed, d:scharged, ezecured, effec~ed, co+np~eted, compi~ed w~ih ar.d ab~ded Sy, then in e~thtr or any such eveM the sa~d ag
~regate sum meNioned in said pranisswy note then re+naining unpa~d, w~th intrre;t a.;~ued, and a~l monay~ secured he~eby, shall become d~e and pay
ee.e forthwith, or thereafter, at the opt~on of se~d f.10RTGAGEE, as fu;1y a~d comp!e~eiy as if a,l of the sa~d sums of money were ongmally st~pulatrd ~
ro be pa:d on such d~y, anything in s3.d pro:n;sscry nate o: in !his A+.ortgaye ro !he c~n~ra+{ n~t~v;~hsta•,d~~~g; a~.d ~hereu,~on or thereafter a~ rhe opt~on of ~
sa:d MORTGAGEE, withovt notlce or demand, su~t at law or in eqv~ty, therefore or thereafrer beg~n, may be prosec~ted as if all moneys secured hereby
n~_d matured pnw to ds inshNtion.
7. That in the event that at the beginn~ng of or at any ti~ne per.d~~~g any su~t upan rhis Mortgage, or to fwedose it, or to reform it, or to enfcrce
paymem of any claims hereunder, said MORTG~GEE sha:l app!y to ~he Cewt ha~~ng ~ur~sd:r~on thereof for the appo~ntment of a Rece~ver, such Court shail
ic~rhwith appo~nt a receiver of sa~d mortgaged pro~xrty all and sin3utar, ~nci~d ng ait a~:d s~~:gu'ar ~he ~^come, p~of~!s, issues a~d revenues from whatever
s~urce dzrived, each and every of wh~ch, it be~ng expressiy unde~s:o«i, ~s fert~ny mo~~gaged as if spec.f~ca~ly set forth and descnbed in the granti~g ar.d
h,bendum cfauses hereof, and wch Receiver shali have ai: the b~::ad a~:d effec!~ve fun.~.cns and po.vers in anywae emrusted by a Cou~t to a Receiver, and
s_;h appointment shall bc made by such Court as an ad.nitrcd equ~ty and a n,a~ter of absoiute r:ght to sa+d MURTGAGEE, and w~thout refetente to the
adequuty ot inadequacy o4 ~he va!ue of fhe property mortgaged or ta tne w vency or ,nsavenry af said MORiGAGQR or thr deie~~dants, a~d that such
r~~~~is, profits, incane, issues and revenues shalf be app;~ed by such Reca~ver ac:ord~ng iu fhe ~:en w equity of sa~d MORTGAGEE and the practice of such
Court.
8. To duly, promp?ly arxl fully pe~~o+m, d~scharge, execu+e, effecr, comp!efe, cornpty w~th and abide by each and ~very the st~pulations, agreements,
;onditions and covenants in said promissory note and th~s m~rtga~e s_t fo~th. ~
9. That in the event tha ownenh~p of the mortgaged prem~srs. o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'JRTGAGEE, its wccessors and ass:gns, may, w~rhout r.oi~ce to the :~',~~R7G~OR, deat w~th s~ch successw w successor in interes~ wirh reference to th~~
e o-rgage and the d=bt hereby aecured in the same manner as w~eh r.t,~rgagor w~rhout in any way vit:ating or dacharg~ng the Mor~gago~s' Iia~~Iity her~
_,der w upon rhe debt hereby sec~red. No sa!e of rhe Fren,~ses he;eby me~tgaged and no torbeara~ce on the part of the 1dORIGAGEE or its successors
cr assigns and no ex~ension of rhe tin:e for the payment ot the drb! hereby secured g~ven by the MORTGAGEE or its successws or ass.gns, s~~ail operate i
ro re!ease, d~scharge, modify change or affect the ong~na! liau;;~ry of the A:ORTGAGAR herrin, enher in whole or in pari.
10. It is speufically agreed that time is of the essence of ~h~s conrraa and that no waiver of any obGgat~on he~eunder or of thQ obligation se-
cwed hereby shali at any time thereaher be heid to be a wa~ver of the terrr~s hereof or of the i:utrument secwed herby.
i 11. In atid.t;o~ to the forege ng month'y paym~nt~ of p~~:~c ,^.si and ~nterest requlred by the prom sscry no!e sewrcd herzbf, morigagot eovenar.ts
i agraes to pey to mo:tgagee vv~rh each menthiy payr.:ent an o(3iJi1:U113I SUT rs?~~~ared by n:orrgagee to be eq~ai to 1, 12 of t:~e annual cost of the follow-
~ ~j:
i A-AI~ ieal property taaes lev~c.~', or assessed ag:3~•nt th_ acovr d_scr~brd rea~ es,are.
~ B-Prer.:i~~r.s on fire and w:rdsronn ~nsur3cce as F.e:e~r, req:;~red to br carr~~d en the improveme~ts ituate on the above d_sc.ibed premises.
I C-Premi~ms on_such mortg~ge goaranty insura~,~e as ~~ortga~ee shall f.o:*~ sr,e to s.me deem fit to carry on the loan secured hereby.
~ Mortgagee sha?I frcm time to 'ime notify mortyagcr m v~~:t~ng of the a-no. ~t d~e ard payable here~ndar and suth surn shatt thereupon be due and [
~:;b!e on the dae date of the next monthf~r oayment ac,d each suicesswe rro•~.!h 't^ereaf~~r ~~:til mcrigagee sha~l notify m.ortgagor of a thange in such ~
~ e ount. Such s~ms shail be app:ied by mortgagee to.vard the payment of rra~ preperty taxes, insurance prem:ums, a~~d mort~age guaranty insurar.ce ~
6 c e~,iums.
€ ~
IN \YITNESS `l1HER~OF, the sa~d MORTGAGOR has hereunto set his h.~r.d and seal ~he day and year first afore~ id. j - '
~ Si Sealed a~nd/ deti er d in t presence of: ~ C~` ~~,/J~: . j
~~JL (,Y _ l~7'1CL j • ~ ~ (Seal) ~
~ _ ~ r:ess • ~ ~orace F. Cooley t~ai~ ~
;
~ u - t - ~ t_" G~ t` ` < 1'_ (Sean i
` ' . : . , _ ~ EliSe W. , Cooley :T-~~an
~ tnass: :
~ ~1/~ I ` ~
~ STATE OF ~p~( Ne w York ~ ;
~ ~ i
COUNTY OF ~ -
Before me personaUy appeared Horace F. COOle~ and ~
~
Elise k'. Coole t
x _ y his wife, to me well known and known ro me to be ~
~ rs~a individuats described in and who execvted the foregoing instrument, and acknow~edged before me that they ezecuted the same fw t1~e p~rposes ~
~ Elise W. Cooley
+he~ein expressed. And the said_ _ _ ~
Horace F. Coole
~ +,~fe of the said. _ y - upon e xparate and privste ~
~ eaaminafion by me taken separate and apart from her sa~d husband, acknowiedged to and before me that she executed said instrument freety and voiun
~ r,~,ly and w~thout any comp~lsion, constraint, apprehens~on, or iear of or from her said husband.
r'~
WITNESS my hand and ofFic~al seal ~h~s_ day of_- ~CeIIiber _ A. D. 19 71
y~ Y ~..c_c2~~/l.~i~w
_ Notary Public in and (or the State ot Niret large
_ My Comm~ssion expires: ~~y~'<
Retum To: j
Fint Federal Savings A~ loan Associat;on 'y'- y, y_; t ~
" Of Fort P:erce. . . i
- FoA Pierce. Florida • J 4
~ . :;,3 ~
' i~ i
• fILEO ~~CO~OEO ~ j
ST. LUC1F ~CLIITY FL~-
- Thi; Instrument Prepared By John k. Collins RC:.~ `.`~'~-R
~~~t ~ ~
First Federal Savings & Loan Association ~~ERR ~;L~,~. €
~ , of Fort Pierce , Florida RE*°p~ '
~~~y 6~ i Zo aM'~ Z ~
Checked BY ~ - ~ ;
. ~R 221618 j
bCCX~~ PJICf~V~
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