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Home My WebLink About2356 3. To plate ar.d con~inuously keep on ~he t~u~:~fings now or hereatler ~itua~e on sald land and on alI equ~pmen~ and pe~sonally cover¢d by this mor jge, wi~h all prem~~n;: thereon pa.d m lull, t~r~ i~isurance in the uwal sta~ulard po'~ty iorm, in e sum aHp~o~ed by the MOR~GAGEE, and windsto ;nsurance in the usual S~andar~J ppl,cy form, ~n a sum app+oved by ~ha MORTGAGEE, in such campany or companies as the MORIGAGEE m d~rect; and ail lire ar~d w~~Jstaim insu~a~ce polic~es on any of said build:ngs, any inrerest the~e~n or pa~t thereoi, in the aggregare su~n a4orzsaid in excess thereof, shall coroain ~he us~al sta,ldard murtgagee ctause w such other ciause as the Mortgagee m~y requ:re, making ~he ~oss ~ndrr sa~d po c rs, each and every, parabfe to said 6lORiGAGEE as ~ts in~erest may appear, a~d eac~ and every such poircy shail be promptly ass gnrd and deiivered ~ any held by sa~d h50RtGAGEE as fu~~her s_curity to said mortgaga debl, and, not ksa lhan ten (IO) days in ad~ance o1 ihe e~µ~~ar~on of each pol~cy, to d~ t~ver ro said AtORiGAGEE a renew~ai rhereof, toyeiher w~th a rece~pt for the pre~nium of suth rene+val; a~d ihe~e shall be no i~re or w;nduor~~ inwranc p!aced on any of sa~d buildin93, any in:erest ?herein or par~ thereof, untess in ~he fo~m and wiih ~he loss payable ai aforesaid; and in the evenf any sun of money beca»es poyabte under such policy or poLcies said MORTGAGEf shalf have rhe op?:on to rrc_~ve and app!y the same eo accow~t o1 the inda6trd n~ss sewrcd h@reby or to permit ta~d IAORTGAGORS lo reteive and vse it or any p;:rf thereof lor o:ncr pur: osrs. .•..ti~,ct th .r.:~vi ~y c~ ~~np..i~ ~~g any equ~ty, I;en o~ right undrr or by v~rtue of ~his mo:egage; and in the event sa.d MORTGAGORS shaU tor any reas~n fa+l ro keep ehe sa:d premises so ~nsur~d, or fai! fo deleve~ promptly any of said poGcies ol i~surance to sa~d MORTGAGEE, or fai! promptly to pay fully an~ pre~~iium the~e+or or in a~y resp<-ct fail to per(orm, d~scha~ge, e:ec~~e, e1feU, complefa, comply wirh and abide by Ihis covenant, o~ any pa~~ hareo(, sa~d MGRLvAGEE may piace a~~d p~y for such insurance or any part fhereo( without waiving or affecring any opteon, lien, equ~ty, or nght under o~ b~ vutue of this Mortgage, ar.d the f„?I a~~ount of each and e~ery such payment shall be immediately due and payable and shal! bzar interust from the date the~eof unul p~id at the rate ol ~~::~e per c~ntum per annu:n and to~rehc•~ wiih such i~u~rest shaG E~e s~ured by the tie~ of this mo~tgage. 4. To permit, commit or suffer no wasfe, impairment or deterioration of said property or any parl thereof. 5. To pay att and sing~tar the cosrs, cha~gea and exprnses, ;ncl~di.x1 a reasonable ano~ney's fee and cos~s of absiracts of title, i~curred or paid at jny ti~r.e by sa~d MORTGAG~E, because w in the evem of the failure on the part of the said MORTGAGOR to duty, pro~T,ptly and f~lly parform, d~xharge. _.ecute, effect, canpte~e, co:nply w~~h and ab:de by each and every the st~putat~ons, agreements, conde;ons, and covena~fs of said promissory note and ~h~s , i,orrgage any w e~~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether or nat the~e be notice dr n~~nd, atrempt to colle~t or suit pendmg; and the full amounl of each and every such paymeN shali bear interest ~rom the date fhereof unti! paid at the ~ o~ n~ne per cantu~n ~r on~~u:n; ~rx: a!1 said costs, chargzs and exotnses incurred pr paid, together wuh such mterest, shall be setured by the lien of this morrgage. 6_ That (a) in tfie event of a~y breach o1 this Mortgage or default on tl~ part of the h10RTGAGOR, or (b) i~ tix evenf any of sa:d sums of money h~~rein referred to be nof promptly and fully paid within Ih+rty (30) days next alter the same severaSty becume due and payable, wi~hout demand or notice, cr ic) in thr event each and every the st~pulations, agreements, conditions and covenants of sa.d promisso~y note and th~s mortgage a~y w either are not i~:y, promptly and fully performed, d,scharg_d, execured, effected, tompteted, complied wirh and ab~ded Sy, then in e;ther er any such eveN the said ag 7'~9ate sum mentioned in sa~d prom~ssory note then remaining uopaid, with interest accr~ed, and ail moneys setured hereby, shall betome due and pay- ao ~ fortl~with, or ihereafier, at the opt~on of said MORTGAGEE, as fully and complefely as ii a~l of the said sums of money we~e onginally sr~putared ro be pa'd on such d.:y, anyrhing in sa:d prom~sswy nofe or in ~his ASartgage to the contrary nofr;ithstand~ng; and thereupon w thereafter at the option of ~ .i MORTGAGEE, w~tho~t not;ce or demand, suit at law or in equity, therefore or thereafter begun, may be proaecuted as if all moneya setured hereby r,d matured pnor to ns institut~on. j 7. That in the event rhar at rhe beg;nning of or at any time pending any suit upon this Mortga9e, or to forectose it, or to reform it, or to enforce i,i ~ayment of any claims hereunder, said MORTGAGEE shaU apply to the Court having ~uf~sd.aion thereot for ~he appo~ntmem of a Rece~ver, auch Covri af~eU ic~eh.vith appo~M a rece~ver of said mortgaged property alt and singvfar, inctud~ng atl and sir~guiar the ir.come, prol~ts, issues and revenues from whatever ; s. ;•ce derived. each and ~every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~ficaUy set fo~th and described in the granting and ; !.;:,er.dum clauses hereof, and such Receiver shall have all the broad and effective funct:ons and powe~s in anyw~se entr~sted by a Cou~/ ro a Receiver, and f s_ ch ap~oi~tmenr sha11 be made by such Coun as an admitred equ;ry and a matter of absolute rigM ro said MORTGAGEE, and witiiout reference to the ~'._qvacy or i~adequacy o! the value of the p~operty mortgaged or to the so.ve~cy or inso!vency o( sa~d MORiGAGOR or the defendants, and that s~ch ~~s, profits, inco.ne, issues and reve~ues shalf be app(ied by such Receiver accord~ng ro the lien o~ equity ol said MORTGAGEE and ~he practice of such Court. a S. To dul y, prompt:y and futly perform, d~scharge, execute, ef(ect, complete, comply w~th and abide by each and every thr stipuiations, agreements, ~ co;:d~rans and covenants m sa~d promisswy note and th~s mortgage set fwth. 9. That in the event the owRersA~p of the mortgaged premises, or any part thereof, 6ecomes ves~ed in a person other than the MORTGAGOR, the ' : ~R?GAGEE, its successors and ass~gns, may, wi~hout notice to the MORTGAOR, deal with such successor a successw in interest wirh reference to this ; -;-tgage and the dent hereby secured in the same manner as w~th Mortgagor without in any way vit;ating a dixharging the Mortgagors' liability here~ ~^der or upon ~he debt hereby secured_ No sale of rhe Frem~se: hereby mortgaged and no forbearance on the pan of the 1J10RTGAGEE or its successo~s c~ assigns and no eYtension of the time ~or the payment of the deb+ hereby s¢cured givon by the MORTGAGEE or its successws or aaaigna, ~tial! operate ro re~ease, d~scharge, modify change or afiect the orig;nal liability of the MORIGAGOR he~e;n, eifber in whole or in part. ` t0. It is spec~ficaUy agreed that time is of the essence of this contratt and that no waiver of any obGgat~on here~nder or of the obligation se- ~ c~red here6y shali at any time th~reafter be he:d to be a waivet of the terms hereof p of the instrumeM secured herby. ; t 11. In aod.t:o:~ to the forego'ng rnon:h!y paym~ms of priac pal and interest requ'ued by the p~om:sscry nore secured hereb/, mortga~or covenanis ? agries to pay to murtgagee v.~rh each monrhly payr,,enr art add;rional sum est~mared by mortg3gee to be equal to 1, 12 of the annual cost oi the fo~low- ~ , i - i A-Atl real properry tax~s lev~ed or ass~ssed agai•~st the above descri5ed real estate. ~ B-Pr:TVU:nz on fire ar.d win~stonn ~nsurar.ce as here~n req~~red to be carried o~ the improveme~ts situate on the above d~scrfbed premises. C-Premiun~S oo s~ch mort~:~ge guaranty ir.surance as mortgagee shail from t-me to r;me d-eem fit to carry on the loan secured hereby. Mortgagee sha I from tin:e to tlme notify mortgagor i~ writiag of the a.::ount due and payable hereundrr and such sum shall there~pon be due and ab!e on the due date of ihe next moroh:l payment and each s~ccessive month thereaitcr ur.til mortgagee shat: notify mortgagor of a change in such _ unt. Such s~ms sF~;l be app:ied by morrgagee toward the payment of reat property taaes, insurance prem:ums, and mortgage guaraMy insurance ~-iums. IN \YITNESS 'fIH~REOF, the said MORTGAGpR has hereunto set his hand and seal the day and year first afwesaid. ~ ned,~~~~~nd d tivered ' t /esence of: /~U'2S11(~ ~ ~ ~~~5•. /h?_ f1~E( i Yr ..s;^,OROE~ F. M• S Et ~~~LG' al) - S?. LL' . rr ~u. tseaq 1 ' t'-~tu tu _tC 2.-rtlv ROCER POITRAS . .i . ~~a~~ ~tr.ess: • CLERKCiRCU1TCO11RT rlinor Sager, ~a~ - - - RECORD YERtF1E0~.~...~.~ s-~tE of tlew York ~ 1 I va PH : JU'JTY OF ~7A-S S/~ v _ ` ~P 8efore me personally appeared ~~aytnon~3 ~T. Sager D~ EZ1tlOZ Sager his wife, to me well known and known to me to be ` r~e individuals described in and who executed the foregoing instrument, and acknawtedged before me that they e:ecuted the same for the purposes r~c-ein expressed. And the said 1T10 T S~er ::.ie of the said Ra ond _~1. SdC~ EY ' upon a separate anci privafe e~ a-n~nation by me taken separate and apart from her said husband, acknowtedged ro and before me lhat she exetuted said instrument freely and voluo- :~~,y and w~thout any com~ulsion, constraint, apprehension~qr fear of or from her s~id husband. 7 `-1 WITNESS my hand and offrc~al seal th+s_.~~~___ day of ` q_ p ~q 7 Z ~ ' ~ ~ ,~aZl -~-~.~tt- Notary Public in qnd for -the State of • at Large My Commission ezpe7oT:'`' ` ' Retum To: y,~° t ~ First Federal Savings 3 Loan Associat~on ' ~tjrEblCT. P.- ~r~~tsa'vit.:. Of fcrs P~~o~. ~~~y Pubfit. S~atf•o1 Nwr YMti . Fort Pi:~rce. F~orrcla ~ 30•~b~~A",~ ' ~ . ~(~Q in Ness.V CC~fy ~ .~..~•~ao.~v~;1 This tnstrument Prepared 8y John :s~. Col lin s . ' ' ~ F;rst Federal Savings & loan Association " , . , ' ~ of Fort Pierce~ Floric?a ' . Cf~ecked BY w~ S 1 Q ~~°F F- L(~ l) Ar 1~; 1 i~,~ ~ - - t~ ~ CO(;UP~fE~lTA ~._S7<~MP T~'t ~ Z ~ 'Y ~ ~ ~ = auc-rn ~ = _ ~ - ~2400~ t/~ v r~~r.ar etn?~[ - na~oo~~2 i'•~~:-' 6Q~!(2~ a 4 23~ - - ~ ~___r.~ =~~~x~~F