HomeMy WebLinkAbout2218 3. To place and continuously ktep on the bui:ding~ now o~ he~eafter tituate on sa~d land and on ali equip~nent and personaily covered by th~s ma
ege, w~th all piem~um~ thrrcon pa~d in (~il, (ha ~nsurance in ~he ~su.?I slanda~d po!~c~ form, in s sum a{.proYed by the MOR~~:aGEE, and w~r~ds~o
~nsurance in the usua) ~~andard pol:cy fo~m, in a sum approved by th~ MORiGAGEE, in iuch cun,pany or compan~es as the MORTGAGEE m
dlrect; snd all fire and w~ndstoim insurance policies on any of sai build~r+gs, ~ny ir.terest therein or pait thereo(, in ths aggregare wm aforesa~d
in excess the?eof, ~hall contain the usual standard morrgagee clause a such other clauie as ~he Mortgagre may requ~re. ma4ing the Ioss ~ndr~ i3~d po
ues, each and every, payab~e to said MORTGAGEE as ~ts iroerest may appear, and each and every such poGCy shall lx promptly ass g~~ed a~~d de~~vared ~
any held by sa~d MORiGAGEE as fur~her security to said mortgage dtbt, and, not leu than tan (10) d.~ys in ad~anca of the expirat~on of eath po~rcy, to d.
I~ver to said MORTGAGEE a renewal therrof, toge~he~ witA a rece+pt for thr p~emium of such renewal; and ~here shall be no i~re or wt~~dsw~m inwra~c
pteced on any of sa~d build~ngs, any interest ~herein u psrt tFercuf, unless in the fo~m and w~ih the loss payable as aforesaid; and in ~i~e e.enl any sun
of money becomes payable under such poliq a policies said RAORTGAGEE ahall have ~he opt~on ro rec.:~Ye and app!y the sa~ne on accoum oi ~he in~rb+cd
ness secured he~eby or to permit saed MORTGAGORS lo receive and use it o? any part th~:eol ior o:i~~~r purt~oirs, vn~ho~t th:~.o~ ~nvi.•L~) o~ ~^~p.:~r
ing any equ~ty, lien or right under w by vir~ve of this ma:tgage; and in the event sa~d MORTGAGORS shatl fw any reason fail to keep ~he said prem~s~s so
insured, o~ fait to deliver pra»ptly any of said poGcies of insurance ro said MORTGAGEE, or fail premptly to pay fulty any pre~n;~m ~her.:iw or in any -
respect iail to perform, discharge, eaecute, eifect, complete, tomply wi~h and ab~de by th~s cove~ant, o~ any par~ hrreof, said MGRTGAGFE may piace a~~d
eay fa such insurance or any part the~eof w~thout wai~ing or affectiny any opt~on, lien, equrty, w ngh~ under w by v]rtue oi ~h~s Mortgage, and fhc
f~ll amo~nl of eacA and eve~y such paymrnt shall be immediately due and payable and shatl brar iroerest fram the date thereof un~il paid a~ ~he rate ol • ~
n•ne per centum per annum and to~ethar wiih•such interest shali be srcured 6y the lien of this mortgage. ~
1. To permit, tommit or suffer no waste, impairmenl ot deter'aratan of said property w any part thereof. ~
5. To pay all and singular the costs, charges and expenses, ~ncluding a reasonable attorney's fee and cos~s of abstracts of t~?le, incurred o? pa~d at '
any time by said MORTGAG:E, because or in the event of the failure on the part of ~he sa~d MORTGAGOR to duly, prompt~y and fu~Iy perform, d~scnarge. ~
>xecute, effect, comptete, comply w~th and ab:de by each and every the stipulat~ons, agree~nents, cond'+tions, and covenants oi sa~d promisso~y note and this ~
mortgage any o? eitFxr, snd sa~d costs, charges and expenses, each and every, shall be immediately due and payabfe; whe~her or not there be nonce ds F
n,and, attempt to colled or suit pend~ng; and the full amount of each and every such paymeM shall bear iroerea~ from tFx date thereof umil paid al the ;
~,,re oi nine per centum per annum; and all said costs, chaiges and expenses inturred w paid, together w~th wch imerest, shall be secured by the lien of this
mortgags.
6. Tbat (s) in the event of any breach of this Mortgage or defaul~ on tF~ part of the MORTGAGQR, or (b) in the event any o( sa:d sums of money
herein re~e~red to be not promptly and fully paid wi~hin th,rty (3D) days next a~re~ the same severally become due and payable, without demand or no~~ce,
or (c) in the event each and every ~he stipulations, agreements, co>>d~tions and covenants of sa:d promissory note and th~s mo~tgage any or either are not
ivly, promptly and tully performed, d~scharged, executed, eifected, completed, complied w~th aed abided Sy, tFxn in either w any such event the sa~d ag-
gregate sum mentioned in said promisswy note the~ :emaini~g unpaid, with interest accrued, and all moneys secured hereby, shalt become dve and pay i
ab;e forthwirh, or thereafter, at the opt~on of said MORTGAGEE, as fully and compleiely as ii all of th.e said s~ms of money were or~ginally st~pu;ated
to be pald on such day, anything in sa;d prom~saory note os in this Mortgage to ~he coo~rary notwithstandi,ig; and thereupon or ~hereafrer at the op~~on of
sa~d MORTGAGEE, without notice or demand, suit at law a in equity, therefore w thereatter Eegu~, may be prosetuted as if all monays aecured hereby
nad mat~ted pnor ro~ts institut~on.
7_ That i~ the event Ihat at the beginn~ng of w at any time pending any suit upon this Mortgage, or to iwedose it, or to reform it, or to enforce
e~ymenf of any claims hereurx-ler, said MORTGAGEE shali apply ro the Coun having jur~sd~ction thereof for the appointment of a Rece~ver, such Court shail
Forthwith appoint a receiver of said mortgaged property all and singular, inctud~ng all and singutar the income, prof~ts, issues and revenues from whatever
so~rce derived, each and every of wh~ch, it being expressly undersrood, is hereby moregaged as if speuiically se? forth and dexribed in the granting and
nabendum tlauses hereof, and such Receiver shall have atI the broad and effect~ve funct.ons and powers in anywise entrusted by a Cou~l to a Recriver, and
s..ch appoiatment shall be made by suth Court as an admitted equity a~d a matter of absoiute rSgM to w~d MORTGAGEE, a~+d withoul reference to the
adequaty a inadequaty oF the value of the property mortgaged or to the so.vency or ~nso~vency of said MORTGAGOR w the defrndants, and that 3uch
re~rs, profits, incane, issues and revenues shall be appiied by such Receiver ar.ording to the lien or equity of said MORTGAGEE and the practice of such
Courf.
8. To duly, promptly and futly perform, discharge, execute, e4fecr, compiere, comply w~th and abide by each and every the stipulations, agreements,
:onditions and covensnts in sa~d promissw.y note and th~s mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
;'.ORTGAGEE, ib successors and asslgns, may, wifhout norice to the 1M1ORTGAOR, deal wi~h such wcceuor or s~ccessor in interest with reference to this
•ro~tgage and the deb~ hereby secured in the same manner as with 1llorrgago. w~tho~t in any way vitiating o~ d~scharg~~g the Mortgagors' liability here-
~~der or upon the debt hereoy securcd. IJo sal~ oF the prem~ses hcreby moitgaged and no fo.bearance on the part of the I~AORTGAGEE or its successors
c~ assigns and no extension of the t~me fw the payment of the debt h~reby secu~ed given by the IAORTGAGEE or its successors or ass~gns, ahall operate
ro release, discharge, modify change w affect the ori~,nal Gab:Gty oS the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obt~9at~on hereunder or of the obligation se-
c~red hereby shall at any time thereafrer be he,d to be a waiver of the terms hereof or of the instrument secured herby. ~
tl. In atid~uo~ to the ferego~n9 month!y payments of p~i„cNa~ and intrrast requ~red 'oy the prcmiss:.ry na'c sccured hercb„ mo:lgayar covenar.ts !
a^d ag~ees to pay to mo:tgagee v.~th each mon?h;y payrnem an add~~~onal sum e:t,n ated by morfgagee to be equai to 1, l2 of the annual cost of the foiiow-
,ng: i
,
~ A-All real propcrty taxrs lei~ed or assessed aga~•~st the above desui5ed real es~ate. ~
~ B-Premiums on fire and windstorm insuracce as herein requ:red to be carried on the improveme~ts s~tuate on the above dsscribed premises.
C-Premiums on such mo~tgage guaranty ir.surar,ce as mortgagee shail from t me to time deem fit to carry o~ the loan secvred hereby.
f Mortgagee shall !rom t~rne to nme no~ify mortgagor in wr~t~ng of the amou~t d~e and payable hereundrr and such surn shall thereupon be due and
F : ayable on the due oate of the next month:y payment and e~ch success~ve month thereafter ur,til mortgagee shall not~fy mortgagor of a change in sr:h
~
; ~•~ount. Such sums sFall be appiied by rnongag?e roward the payme~t of real property taxes, insurance prem.ums, and mortgage guaranty insurance
:>•emiums.
~ fN WITNE55 WHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day an year first s(oresaid.
~ Si , led and del' er in the presence of: /
~ ~ L ~~c i . tla~ c~
(Seal)
; - sep . e ssen rg ~
~ .u~-~*' _ _ ? ~mwvv~.. t tsean
W iSea4
~ Wit~ness : semar e~. e ssen erg t~a~ -
~
~ S i ATE OF 7tORfDA Ne~r York ~
~ COUNTY OF ~SS~ I ~ '
i
~ Jose h P. Weissenber ~ a~
~ Before me perwnally appeared p g ~
~ Rosemarie E. Wei.ssenberg • y
~ his wife, to ms well ~CnoWd'~tw( knprJn y!1_erie to be
~ ~he individuais desuibed in and who eaecuted the fwegoing instrument, and aclenowledged before me that they exeaited tre _samb,fct,i)~w.pwposes
" rherein expressed. And the said Rosemarie E. WeissenberQ ~
~ w~fe of the sa~d Joseph P. Weissenberg ~ i~ a se4Katt ~nd private
~ e=amination by me taken separate and apart from her said husband, acknowSedged to and before me that sfie exetufld said instrumenf fieelX ~nd. volu~
Y rar~ly and wethout any compulsion, constraint, apprehensi or fear of or irom her said sba~ ~ ~ L~Q ~ ,
WITTlE55 my hand and offidal seal this ~ day of 19 2
- 't ! ~ '
. t
Notary PubGc in and or he State of ~t,luye
My Commission exp es ~ ~ ~ . -
x Retum To: ~ ~ ~
~ First Federsl Savings 3 loan Assxiation ~AP.LFS E. REtT£RLE .
.r.o F... . ..ct " ,
Of Fort P;erce. - - , , t
c_: _ . _ .
'.3 Fort Pierce, fl~rida • . . - . _
~ 3 ' ~
°z f~~ o.P.~ R o ~ ~
u. ~uc~cau~ir ~ a
s< This Instrurrtent Prepared By E. Braun
First Federal Savings 8 Loan Assaciation CLERRCC RCt~lT COUItt =Y~
n` of Fort Pierce~ ~"1.arida RECORQ YERt'I£0`~
:z
Checked By L~-
~ MM 13 12 36 PM'~1
~ 2261.33
- - ~~~x 2U0 Qa~~ 2217
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