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Home My WebLink About1472 To plac~ and con~im+ously k~ep on the buitdings now a h~reaft~? 4tuat~ on said I~nd and on a!I cquipment ~nd p~?ion~lly covered by th~s mor p~, wilh di p~sm~ums 11+~~eon pa~d in tull, fire insuronce in the u~ual standard policy form, in • sum approved by Ihe MOR(GAGEE, and windsto inw~ante in tM uswl i~~ndard pol~cy fam, in a sum approved by the MORTGAGEE, in suth tompany a c~xnpanies as the MORiGAGEE m direcr, ~nd all (ir~ and wi~dsto~m insurancs po~iuei on ~ny of ~aid build~np~, ~ny interest therein w part the~ccf, ti» ~gyrey~~e i~m ~fwesaid in ~aceu theraof, iMll conrain tM vival ita~.dard mortgayn claus~ a such o~her claus~ ~s ~M N1w~p+pe~ may requ~~e. m~kinp ~M kou under sa~d po ues, each a~d evay. paYabl~ to said MIORTGAGEE as ~ts intere~t may appeu, and e+ch and eve~v iuch policy tihall be {xompNY +is pned and detivered ~ any heW by said MORTGAGEE ~s further seturity to said rttibr~~a9e debt, and, nW kss 1Mn te~ (1Q) days in advancs of the expi~ation ol each policy, to d~ I~va~ to sa~d MORTGAGEE ~ renewal thereof, together with a receipt fw Ihs pr~mium of s~ch renewalj and ihere shall be no f~re or winds~orm insuranc plKed on ~~y of iaid buildings, ~ny in?erest ~here~n o~ part thereof, vnleu m the form snd w~~h the tos~ payable as atwesaid; and in the even~ any sun of money beca+xs payabte undet such pol'~cy a poLcies iaid MORTGAGEE shall ha~ro tfis option to receive and apply the same on accoun! cf the indebted neu secured hereby o~ ~o pNmit said MORTGAGORS lo receive and usa it or any part thereof for o:her purpoaes, ..~~hout ~hrreb~ wai~ing w~~npa~~~ iny any equity, lien or right unda a by virtue of this mo::gage; ~r+d in tM ~vent ia~d MORTGAGORS shall ta any reason fail to keep the said p~emises so insured, o? tai) to deliver promptly any of said policiea of ir?turante to said MORTGAGEE, w fail promptly to pay fully any pre~nium therefw a in any respM tail to perfonn, distharge, eaecvte, effect, tomplete, tomply with snd sbide by this cove~anf, a any part hrreof, taid MORTGAGEE may p~~ce and pay fa such insurance or a~y pa?1 thereof without waiving w ~ffectirg ~ny option, lien, equity, or righ~ vnder w by virtue of this Matgage, and the full smount of each ar?d ewry such payment shall be im~nediately due ~~d p~Yable ~nd shall bear inte~est from tha date thereof umil paid at the ~ate ot nine per centum per annum and to~ether with suth interest shali be secured by the lien of this mwtgage. i. To permit, commit or suffer ~o waste, impairment w deteraration of said property or sny part thereof. 5. To pay all and singuiu the costs, charges snd expenses, including a reasonable anwney's fee and costi of abstracts of titte, incurred or paid at any time by said MORTGAGfE, because or in the event of ths failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~xha~ge. execute, effect, tomplete~ comply wilh a~d ab:de by eath and eve~y the stipulations, agreements, conditions, and covenants of said promissory note and thit mortgage any w eitF?er, a~d said cosb. charges and expenses, esch and every. shall be immediatety due and payable: whetF?er a not the~e be notice da- mand, attcmpt to collect w auit pending; and the full amouM of each and every svch payme~t shall bea~ interest from ~he date thereof until paid at the ra~e of nine per centum per annum; and all said costs, charge: ar~d expenses incu~red or paid, to9elher w~th such interest, shall be secured by the lien of thif mort~sgs. 6. That (a) in the event of any breach of this Mwtgsge w default on the part of the MORTGAGOR, a(b) in the event sny ot ssid swns of money herein referred to be not promptly and fully paid within thirty (30) days neaf after the same severa~ly become due and payabb, withou~ demand w notice, or (c) in the event each and every the stipulations, agreernen~s, cond7tions and cove~ants of sa~d promissory note and th~s mortgage any or either are not iuly, promptly and iully perfamed, dixharged. executed, effected, completed. complied with and abided by, then in either or any such event the• said ag . gregate wm ment'wned in said promissary note then remaining unpaid, with iroerest accrued, and all moneys setured hereby, shall betome due and pay- able forthwith, or thereafter, at the option oi said MORTGAGEE, as fully and complete~y as ii all of the said svms of money were wiginally stipulated to be paid or~ such day, a~ything i~ sa"~d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the opt~on of or said MORTGAGEE, without notice w demand, suit at law or in equity, therefore w thereaher begun, may be prosecutetl as if all moneys tetured hereby had matwed pnor to in institwion. • 7. Ths~ in the event thal at tlx be9inning of w at any time pending any suif upon this Mwtgage, w to foreclose it, or to reform it, w to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Courf having jurnd~ction thereof for the appointment of a Receive~, such Court shall forthwitb appoint a receiver oI said mortgaged property al) and .singular, includ~ng all and singula% the inmme, p~oiits, iuues and revenues trom whatever source derived, each and every of which, it being expressly understood, is hereby matgaged as if spec~(ically set fwth and described in 1he g?anting and habendum clsuses hereof, and svch Receiver Shall have all the broad and effective fund~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment sAatl be made by such Court as an admitted equity and a matter of abwfute r~ght to wid MORTGAGEE, and without reference to the adequacy w inedequacy of the value of the property mortgaged or to the wlvency or insolvency of said MORiGAGOR or the defendants, and ~hat such rems, p?ofirs, incane, iuves and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and ab3de by each and every the stipulations, agreements, conditiom and covenants in said promisswy note and th~s mwtgage set forth_ 9. That in the event the owoership of the mortgaged premises, w any pa~t thereof, becomes vested in a penon other than the MORTGAGOR, ths MORTGAGEE, iri successors and assgns, may, without nofice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage ~~d ihe debt hereby secured in the ssme manner as with Mortgsgw without in any way vitiating or discharging the AAortgagors' liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan oi the MORiGAGEE a its succeuas o~ auigns and no extension of the time fw the payment of the debt hereby secured give~ by the MORTGAGEE or its successors or au~gns, shall operate ro release, dixharge, modify change or affect the original liability of ~he MORT6AGOR herein, either in whok or in pa~t. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligatwn hereu~der. w of the obl'gation st . cured hercby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument securet herby. ll_ In add~tio~ to the fwego:ng monthly payments of princ'pal and interest requ~red by the promissory note secured hereby, mortgagor covenants and agrees to pay to rtro:tgagee with each monthly payr~xnt an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All.real property taxes levied or assessed against the above described rea~ estate. ' B-Premiums on fire and windsterm insurance as herein requ~red to be carried on the improveme:?ts situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee sha~l from t~me to time deem fit to carry on the loan secured hereby. 'i Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundtr and suth sum shall thereupon be d~e and I Fayable on the due datz of the next monthly payment and each successive month thereafter ur.tit mortgagee st?all notify mortgagw of a change in such I a~~ount. $uch sums sF.all be applied by mwtgagee toward the paymenf of real property taxes, insurance p~em:ums, and mortgage guaranty insurance ~ premiumi_ f IN WITNESS WHEREOF, the said MORTGAGOR has F~ereunto set his hand and seal the day and r first aforessid. ~ Signed, Sealed and delivered in the presence of: n ' s F. Farle p l ~[.1Gt~d (seaq n s oria ~ ar ey ~ STATE O~1![, rIEW YO~~~~)~ / 1` cc R /~Air~~~ ( W. courm oF J~-" ~ Befa~ n,e pe~,a„~~y ,ppe,~ed Thoma s F. F a r 1 ey ,nd Gloria V. Farley his wife, to me well known and krawn to me to be the individuals deavibed in ~nd who executed the foregoing instrument, and scknowledged befwe me that they executed the same for the p~rposei therein s:pressed. And the said Gloria V. r'i~.I~.@Y - wlfe of the said Thomas F. Farlev vpon a sep~rate and privata examination by me faken separate and apart from her sa~d husband, adcnowledged ro snd befwe me that she executed said instrument freely and volun- tarily and witlqut anp tompvlsion, constraint, apprehens+on fear of a from her ' 4usband. WITJJES~ ~qI_ 1~s~d. aad official seal thi~ day of ~V A r i l q. D. 19 72 s f t• ' Notary Public in s or ihe t" ?p ~ . - ~ 1V~~Y ilf1~ " My Commiuion pires: • - R~r?7o: ' frdsal ~ a I.oan Association F. RUFA • ott-itarce. NOTARY PUBItC, STRTE OF NEW YO~ . ~ No. 30-8700b50 Fwj pie•c~~Ftorida Qualitied in Nassau Countp a . Commission Eup~res MarcA 30. t9i~ ~ -.s...- ' ~ i V ~ . ~~0 RECORpEp This Instrument Prepared By Thomas A. Driscoll flLE4 ~~N~ fU?• First Federal Savings & loan Association :T' ~ EA P01TRA5 of Fort Pierce , Flozida ~~E~ ~1RCUts C0~1Rt ~ p~CORO YER~FIEO..~++'~"~ Checked By~ O~ ~ 1 ~ooK20~ ~1~70 ~ 19 9 ~f 22'76'73 ~ ~ , ; - - - - - - - - - ~ _ _ , ~~A~ ~ . ` ~ ~ "'r_ ~ , . _ _