HomeMy WebLinkAbout1862 3. To place and continuous~y kcep on the bu~'d~ngs now or hereaftcr ~~t~ate on sa~d lend and on all equipmrnt and perionaliy cove~ed by this mo~
ege, w~th all prcmiums ~hereon pa.d ~n I~I1, f~re ~~~surarce ~n the usuai srantiard po~~cy ~orm, in a s~m approved by the MOkIGAGEE, a:~J w~ndsro
~nsurance in the usual standard pol,cy for~n, in a ium approved by the MORTGAGEE, in such con,pany or co~npan~es as the A10RTGAGEE m
dnect; •nd all lire and w~ndstorm :~w~ance po!~ues on any oF sa~d bu~ld.ngs, any inrerest ~herein or part thereof, in ~he aggrega~e su~n aforesa~d
in excess Ihercw(, shall con~ein the usua~ sra~~dard mor~g~9ee cla~se or such o~her tlause ss tFe Mort~egee may requ~re, making rhe Ieas undrr sa.J po
c~es, each and every, payab~e to sald MORTGAGEE as ~ts imer.~st may appear, and each and every s~ch poi~cy shall be promp~ly ass gned and dr,~.ered •
eny held by sald MORTGAGEE as fwther sec~rity to said mortgage deot, and, not less than ten (t0) days in ad~ance of the explra~~on of eech po!~ty. to d.
I~ver ~o said MORTGAGFE a ~enevval theraof, together with a rece~pt for the premwm o( such renewai; and ~here shall be ~w f~re or wu~dstor~n inwranc
placrd on any o( :a~d bo~td~ngs, any intereal there+n or part thereoi, unless in the form and w~fh ~he ~oas payaLle as aforesaid; and in the e~ent any iun
of money bccomes payable un~r wch policy or poGdes said MORIGAGfE shall have the opt~o~ io retr~r•e a~~d app!y tha same on accouni of ihe indebt~•d
ness sec~red hereby or ~o perm~t sa~d MORJGAGORS to receive and ~se i~ p an~ part rh.r:eof fo. oon..~r cur: ose~s. ..:~ho. r~hr, u r .v + i ~~~p
~~g any equ~ty, lien w right undcr or by virtue o( Ih~s mo:tgage; and in the event sa.d MORTGAGORS shall `or any reason fail to krep ~he sa~d prem~scs so
~nsured, or fail to deliver prom{,Ny any of sa~d poi,cies of insura~ue lo ia~d A10RTGAGEE, o~ fo~! prompt~y to pay 1u~ly any pre ~~wrn ~hcrrfor or in a~y
respect tail ro perform, d.scharge, eaecurs, ef}ect, complete, co:nply wi~h and ab~de by th+s cove~.an~, or any part htrrol, said MGRTv%+GEE may p~ace a•o
pay fo~ such insurance or any pa.t thereof without waiving w affecting any opt:on, fien, equ~iy, or ngh~ unde~ or by v~rtue of th~s hlorfgage, a~~d the
full amou~t of each and e.ery such paymem shall be immediately due and payable and shail bear interest f~om ~he date thercof unnl p.,~d at tne ~afe of
n:ne per cemum per annu~n end to~eth~•r with such intcres~ shai~ tx sxured by the lien of this mwrgage.
To permir, commit or suffer no waate, impairmenl or deteriora+~on of said property or any part thereof.
S. To pay aIl arxl singular the costs, charges and e:penses, induding a reasonaole at~orney's fee and costs of abstrads of tit!e, incurred o. pa~d at ~
eny time by said MORiGAGfE, beca~se w in the event of the fa~lure on the part of the said MORTGAGOR to duly, pro:nptly and iu~~y pe~fo~m, d~sch~~gr
e,ec~te, eifect, compiete, comply vr~th a~d ab.de by each and every the stip~iai~ons, agreen:ents, condn~ons, and covenants of sa~d p~an~ssory nore and ih~s
~:orrgage any or e~ther, and sa:d coits, charges and expenses, each and every, shall be immed~ately due and payable; wherher w not ehere be not~ce d-
n,and, attempt to colietf w wit pend~ng; and the iuH a~nount of each and every svch paymenl shall bear ~nterest from the date thtreof untit paid a~ the •
~,te o~ n~ne per erntum pcr ann~:n; and aU sa~d costs, charges a:~d cxrenses incurred or pa~d, together w~th ~uch interest, shail be sec~red by the iien of th;f
mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ~b) in the event any oF sa:d s~~ns of money
here~n referred to be not promptly and fully pa~d wirhm thuty (30) days next asrn. ~he same severa'iy become due and payable, w~thout demand or no~~ce.
or (d in the event each and every the supu.ai~ons, agreements, condr•~ons and covenants of sa d promissory note and th~s mortgage any or ei~her are nm
1~;y, promptly ar+d fully performed, d.scharl ed,'exec~ted, efFected, completed, compl~ed with and ab~ded 5y, then ~n e~ther or any wch event the sa,d ag- !
~regate sum rr~entioned in sa~d promissory note then remaining unpa~d, with interest acuued, and at! moneys secured hereby, shall brcume d~e and pay- :
ac e fonhwith, w thereafrer, at the opr~on of sa~d MORTGAGEE, as fully and comp~etely as il a~l of thr sa~d au:ns of money we.e or~g~na~ly snpu,aird '
e be pa:d on such day, anything in sa.d p~om~ssory note or in thii Mortgage to the conrrary notav~~hsta~~d~ng; and thereupon or thereafter at the op~~on of
s+ d MORTGAGEE, wrthout nohce or demand, s~it at law or in eqwty, therefore or thereaf~er begun, may be prosecuted as if all moneys sewred hereby
r d matured pnor to ~ts institut~on.
7_ Tha~ in the event that at the beginn~ng of w at any time pending any su~t upon th~s Mo~tgage, or to fo.ec!ose it, or to reform it, or to enfarce
ca~ment of any da~ms here~ndrr, said MORTGAGEE shail apply to the Court having ~unsd.cLOn ihe~eof for the appomhnent of a Receiver, s~ch Co~rt ~ha~t I
ic:thwirh appomt a receiver of said mortgaged property all and sing~lar, includ.ng a~t and sfng~lar the income, profas, issues ar.d revenves from wh,,te+er ~
scu~ce deri.ed, each and every of wh.ch, ~t being ex~tessly ~ndersrood. ~s hereby mongaged as if speo~~cal:y set tonh and descr~bed in the granhng and ~
he ~endum uavses hereof, and wch Receiver shaU have ail the b:oad and effect~ve f~nct ons a~d powers in anyw~se entr~sted by a Court to a Recri~er, a•~d j
s.ch appoinrme~~t shall be m.ade by such Court as an adn~tted egu~ty and a maner of absc+~u~e right to sa~d MORTGAGEE, ar.d w~?hcu~ re(erence to the
a~eyvacy or inadzquacy of the value of the property mongaged or to the so,vency o~ ~nso:vency of sa~d MORiGAGOR or the detendants, and that such
re-~ts, p~of~ts, inco.ne, issues a~d revmues shail be appi~ed by such Recrr~er accord,~~g to Me I~en or eqwty of sa~d MORTGAGEE and ~he pract~ce of such
Court.
8. To duly, prompr!y and fut~y perlorm, discharge, execute, effect, complete, comply w~rh and abide by each and every the stip~:ariens, agreements,
4
:onditians and covrnams in sa~d promissory note and th~s mortgage set forth.
9. That in the event the ownersh~p of the mortgaged prrm~ses. or any part the.eof, ~ecomes vested in a person other than the MORTGAGOR. the
'.'ORTGAGEE, its wcceason and ass~gns, may, without not~ce to the A10RTGaOR, deal wrth such wccessor or s~ccessor in interest with reference to th~i
^~ortgage and the debt hereby setured in the aame mannrr as w~th 6lortgagor w~tho~t in any way vitlaling or d~stha~ging the Nbrtgagoii liaoilAy hert
:.-der or upon th. debt hereby secvred. No saie of the Fremiies hereby mo.tgaged ar.d no forbearance on the part of the I~ORiGAGEE or its successors
o• ass~gns and no eate~sion of rhe nme for the payment of the deb+ hereby secured g~ven by the MORTGAGEE or ~ts successws or ass.gns, ahall ope:ete
ro retease, d~scha:ge, mod+fy change or affect the orig~nal Gainl~ty of ~he MORTGAGOR here~n, either in whole or in par~.
10_ It is spedf~cally ag.red ~hat tlme is of the essence of th~s contract and fhat no wai~er of any obl~gat~on hereunder or of the obtigat~on se-
~ :ured hereby fha~i at any time thereafter be held to be a wai~er of the terms hereoi a of the inst~~mem sewred he~by.
~ I l. In aJd tio~ to the forege ng mo~ih'.y payments of princ p~l and interest req~ired by the prom:ssory nore secured hereby, mortg3~or covenants
:~.d agrees ro pay to mo~tg~gee ~~th each monthiy pay: .ent an add~~ional sum cst.a afed by morTy3gee ta be equal to 1 12 of the an:~~al cov of the follow-
~ 'y:
~ A-AII ~eal property taxas levied or assessed aga~•~st the above d<_scnbcd real estate.
~ p--Pfy.iLy•Tti on fne and w~ndsterm ~nsuracce as nere~n .eq,~~red to be carned en the :mprovemeau s~tvate on th:= abo~e desa:bed prem~ses.
C-Prem~ums on such mortgage guaranty mwra~.ce as mortgagee sha:! fror* t me to t~me deem fn to carry on the toan secured hereby.
Mortgagee shaf! from t~me to t~me no~~(y mortgager ~n wnt~ng of the a~nount dve and payable hereur.drr and s~ch su~i shall thtreupon be due and
~ ; j;able on thr d~e aate of ehe nexr monthiy payment and each successive ~•onth thereafter uctit mortgagee shall nofify mortgagor of a change in such
! r-ovnt. Such sums sFa:l be app:ied by mortgagee toward the payment of real property Taxes, insurance prem.~ms, and mortyage guaranty insurance
~ ;~~c-mivms.
~
~ IN Y/ITNESS :YHFREOf, the sa~d ~60RTGAG02 haa hereunto sN his har,d and scai the day and year first a oresaid.
; S~gn d, Sealed ~nd deliver in t~e prsxnce of: -
/ ~ y
(Seal)
~ t83 1 t0 D~8moI1d _ ~s~aq
x _ - ~HV~, 1 i
~ i~itness ` j~ ~ V llian Diaiaond ~k, ~
~
s;aTE oF acm~c I~lassachusetts I
~ COUNTY OF ~/-~+a~~~~
X _ 1
~ Before me perwnally appeared - _ ~ltOn MB~OIld and
~ _ ~ZZiBfl I~amnnd hit wife, to me well known and known to me to be
~hc individuals described in end wFw executed the fwegoing instrument, and ecknowledged before me that they exec~ted the same for the purposes
~
t~erein expressed. And the said_ I.~11~8i1 TJiamond
~ Ifilton Diamond
~ r.~fe of the uid upon a separatc and private
`j e,am~nat~on by me taken separate and apart (rom her said h~sband, etknowledged to and be~ore me that she executed sa~d insfrume~t free{y a~id votun-
ra•~ty and w~thout any compulsion, cor.srraint, apprehen`s~on, or fear of or from her said husband.
~ WITNESS my hand a~d of/;cial seal this_ ~Lx~ day of__~__ ~b~8 A. D. 19_ 72
~ 11~ ``,j`_ ~ _ ~
E" ~
No~ary Pubtic in and for the State of7~(at large
- ' My Comm~ss~on eapircs: HggggC~ll286f,t.8
= Return To:
First Federal Savings 3 loan Assouat~on ~A~tCpmml~sion Expirc:, E;~:~i 1~~ _
O~ fort P.e~rce. ~
Fort P~erce, Floridj
=°'i
1 LEO AND aEC~a~Eo
f~. ~UCIE GOUN r u-
= ~Ip~ER P011RAS _
This Instrument Prepared By ~p~ E, g~•g~ C~faK c~RCU~s eouaT ytl~
~ :
First Fede~al Sav~ngs & Loan Associahon RECO~DVER~fIEO~~~ _
= of Fort Pierce ~ P'1o2'1d8 ~e'' 3 Z6 P~ ~~I
_ Checked By .L~ -
;~;~~'78'7
,:°9
~ 800!( PACE 10s~ lg
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