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Home My WebLink About2558 3 3. To place and contin~ously keep on tha bu~td~nys now w here~fte~ s~tu~~e o~ sa~d land and on a!1 equipmenf and psna+~lly covered by thif mo? ' age, with a11 premiums Ihercon paid in full, fire insurance in ~he usual ttsndard polity (orm, in a tum approved by the MORTGAGEE, and windsto ~ ~nsurance in tM usual ~~andard pol~cy fam, i~ a sum appro~ed by th~ MORTGAGEE, in ivch comp+nY or compa^iss ~s tM MORTGAGEE m d~rectj and ~II iire ~nd wind~torm insura~ce policies on anY of iaid build~nps, ~ny intereet the~ei~ a part Ihe~eoi, in the ~ggre9+te wm ~fatsa~d in ~xcess thereof, thall contain ths u~wl sNndard ma~gagee clause w ~uch other tlaufs as the Matpages may requ~re, matinq tha lou unda ie~d Po ues, e+ch and every, payabte to said MORTGAGEE as its intere~t may appea~, and each a~d eve?y svch po~icy shall be promptly au.y~cd and delive~ed ~ eny heW by said MORiGAGEE ~t (urther ~ecwity !o s~id matgage deb1, a~d, not leu lhan ~eo QO) days in advance of the expir~tion of each policy, to d~ Icve~ to said MORTGAGEE s renew~l thcreof, together wi~h ~ receipt for the premium of suth rer~ewai; and ihero shall be no f~re w windstorm inw~u+c placed on ~ey of s+~d buildings. ~ny inte~etl therein or part thereof, unle~s in ~h~ form and w~~h tM loss payable ai atweiaid; and in tM eveM any sun ~ of mo~~y becomes payabte undcr such polity or policies said MORTGAGEE shsll Mve the op~~a? 1o receive and apply the same on account Of the indebred + ness secvred herQby w 1o permit said MORTGAGORS to reteive and ufe if w eny pa~t the~eof fa other pu~poscs, v~~~hout ~h_reb/ waivin3 or ~mpair ~ ing any equity, lian w right v~de~ or by vi~tue of this mo:`gage; a~d ie? tM ~ve~t said MORTGAGORS shall ta any reason i~il to keep the said premises w : insured, or fail to deliver promptly ~ny of said pol~cies of insursnce to said N10RTGAGEE, ot fail promptty to pay fvlly any premium therefw or i~ ~ny : respect fail to paform, d~uharge, execute, etiect, comptete, comp~y with ~nd abide by this cove~anl, or ~ny Fart hereof, said MORTGAGEE may p~+ce and ~ par fo? sutb iravrance or any part thsreof without waiving w sffettin~ any option. lien. equity, or r~ght undet or by virtue of this Matgage. and fhe full amo~nt of each and ewryr such payment shall be imrtxdiately dw and payable aad ihal! bear imerest frort? the date thereof until paid at the rate o1 n~ne per centum per annum and together with such intcrest sha~~ be secured by the lien of thit mo~tgage. I. To pe~mit, canmit or suffer no waste, impairment or deterioration of said prope+ty or any part theroof. 5. To pay all a~d tinpulu the costs, charga +~d expenus, ir+cluding a reasonable attwney i fee and costs of abatracts of title, incuned or paid at any lime by said MORTGAGfE, betauss or in the event of the iailura on the part of !he said MORTGAGOR to duly, promplly ~~+d fully perform, diuharge, execute, effect, complere, comply wi~h and ab:de by each and every the stipvlations, agreements, conditions, +nd covenants of said promissory note and this mortg~pa any w e~ther. and said costs. cMrgas and expenaes. e~ch and every. shall be immediatety due and paysble: whelher w not there be ~+otice de~ mand, ~ifempt to colkct a suit pendir?gt and tF~e ful! amount of each snd evsry suth paymeM shall bear interest irom the date tl+ereof ~ntil p~id ~t the .,~o 04 ~ins per centum per annum; and all uid costs, char9es and expenses incurred or paid, togeiher w~1h s~ch inte~eif, shall be iecured by the lien of thi~ , morfyayf. ~ 6. Thaf (a) in the eveM of any breach of this Mwtgage w default a? the pa?f of the MORTGAGOR, w(b) in 1he evenf +oY of said sums of mo~+ey herein referred to bs not promptly and fully paid within thirty (30) days nexl after the same severally becane due and payable, w+thout demand or notice, # or (c) in the eve~t each snd every the ttipulatiau, agreements, conditions and covenanrs o} sa~d promissory note and th~s mo+tgage any a either are not iuly, prompfty and fu!!y pe~formed, dixharged, executed, e(fected, completed, compGed with and abided by, than in either a iny s~ch_ ewM the ~aid ag gregate sum meNa~ed in said promiswry ~ote then remaining unpaid, with interest accrued, and aN mo~+ey~ secured hireby, sha~l become •due and pay- eble forthwith, w fF1lfNffN, at the option of said MORTGAGEE, as fully and complete~y as il all of ~he iaid sums of money wcre wiginally sGpulated to be paid on s~rch day, anything in sa;d promisswy note w in this Mortga9e to the contrary no~withs~ar~ding; and thereupon w thereafter at tF~e op~~on of said MORTGAGEE, without notice w demand, svit at taw or in equity, tFierefae w thereafter beyun, may be prosecuted u if all monays setured Mr~by ~ nad matwed prror ~o ~ri institution. i: 7. That in fhe event that at the beginning of or at any time pendirg any suit ~pa? this Mortgage, or to fwectox it, or to reform i~, o~ to enfo?ce ~ payment of any claims hereunder, said MORTGAGEE shalt apply to the Court having jar+sd:clion thereof for the appoinlment of a Receiver, such Court shall ~crthwith a p p oinf a receiver of said mort g a g e d p roperty all and si~gvlsr, includmg all and iingvl~ .tF,e income, profits, issves and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mor~gaged as if speci(ica!!y set fortb and described in the granting and ~ habendum clauses f+ereof, and such Receiver shall have a!1 the broad and eifective func~~ori!'and. poWers i~ anywise /1rh~sted by a Cowt to a Receiver, and s~ch appointment sAall be made by such Court as an admitted equity and a matter of absolute nght to said MORiGAGEE, ~nl1 wtthovt .reference to the edequacy w inadeqvacy of the value of the p~operty mwigaged w to fhe so:vency or ~nsolvency of uid MORTGAGOR o~ ~the 'defe~da~ts, and ~hat such re~r:, p?ofits, irxane, iuues and revenues shall be applied by such Receiver ac4ording to the lien or equity of said MORTGAGEE and tlie'practice of such Court. } 8. To duly, promptly and fully perfwm, discharge, execute, effect, comptete, comply wirh and abide by each and every the stipulations, agreements, condiYwns aod covenants in sa+d p~om~ssory note and thfs mwtgage set fwth. , 9. That in the event tF~e ownership of the mortgaged premises, w any part the~eof, betomcs vested in a person other than the MORTGAGOR, the MORTGAGEE, its succe:sas and ass~gns, may, without notice to the MORTGAOR, deal with such s~ccesso+ o? successor in interest with refcrence to this i mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or diuharging the Mwtgagori liability here- } under w ~pon the debt hereby secured. No sale of ~he premises hereby mortgaged and no iwbearance o~ the pan of the MORTGAGEE a its successors or assigns and no extmsion of ~he time for the payment oi the debt hereby secured g7ven by the MORTGAGEf or its successors or auigns, stiall op~rate ro release, d+uhs~ge, rr~oclify change or affett the original liability of the MORTGAGOR herein, either in whole or in psrt. ; i 1 10. It ii spedficatly agreed that time is of the essence of this contract and that no waiver of any obligation hereunde~ or of the obligation se- cured hereby sFiall a/ sny time the~eafter be held to be a waiver of the terms hereof or of the instrument secured he~by. i 11. In add~tio., to the fwego:ng ~nonthty paymenrs of princ'pat and tnreres? required by ~he p?om~ssory ~+ote secured hereby, mortgagor covenants i and agrees to pay ro mo:tgagee with each monthly ~yrnent an add~~io~al sum estimated by mongngce to be eqval to 1/12 of the annual tost of the follow- ~ ing: A-All real property taxrs levied or assessed agai•ist the above desc~ibed rea! estate. B-Premiums on fire and windstorm insu~ar,ce as here~n requ~red to be carried on the lmprovements situate on the above described premises. C-Prem;ums on such mort~age guaranty ir.surar~ce as mortgagee shaft from t;me to ti~ne deem fit to carry on the ban secured hereby. , Mwtgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and tuch sum shall thereupon be due and F ayable oo the due date of the next moothly paymeot and each successive month thereafter ur.til mwtgagee shall notify mortyagw of a thange in such a~~;ount, Sucb sums shall be applied by mwtgagee toward Ihe payment of ~eal propeny taxes, insurance prem:ums, a~id rtartgage guaranty insurance ~I premiumi. f j IN WITNESS WHEREOF, the said 1NORiGAGOR has hereunto xt his hand and seal the day and year first afwe id.~.-~ ~ ned, Sealed and ~1'~vered i he p~esence of: . ? ~ ~ ~ ~"1~- • ~ ~ an kitness lter acy s~an i~ Sean , witnes Re M. racy ai~ STAIE OF Ne~r York S ~ ~ COUNTY OF v eefore me penonally appeared Walter J. Traey and Rp~ina M• ~YaCY his wife, to me well known and known to ma to bs ;;,,^s;;~ ~I.ae N,ry exKUfed the tarrM for the r tne individwls described in and who executed the fwegoing instrument, and ack~w..~~..y~~ - W P~ therein expressed. And the said Regina M• Tl'8CY _ wiie of tM wid Walt¢r `1• Traey vpon a sepsrate and privats exam~nation by me taken separate snd apart from her ssid husband, acknowledged to and befwe me that she executed said instrume~t freely and volun- rar;ly and without any compulsion, constraint, spprehension, or fea~ of a from h~r said Fwsband. WITNESS my hand and official seal thit I'~ day of A. D. 19 72 + ~ , . Relwo t Firat federal Sav' 3~ Aswciat~on . AlfPiO 1 Ot~R~EE Of~For~,P~e~c~•' IiOTD?y "itril~: olitr ul ii~:~ Yo?k ' ,Rp~1-~e~Cei flpi~i F:P. ~=-20i:_~..'7. .:iLn!]r "1 ~L'~I ~ I~"'r=~ ~T~T.~S~'::~ ER~If@S ~i:~` :fl. ig~~ . ~r~ ~ ir :4' ~'i:(= ;~i- ~~~~I,..~, . um r~t Prepared By~ J. H. RobeZts~ Jr. , Fifi~, N vin ~ loan Association Alfr Dunfe otary Public - ; - :f;~of -Pierce ~ Florida 33450 State of New ork : . . . . . L ry Checkect~:~r;:...~•:_-.--- . BODK~~VT., P1~L'~~a~~ ; , . ~ - ~ = =