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HomeMy WebLinkAbout0818 . ~ To p~ace and continuously keep on the bui!di~gs ~ow or hereaiter situate on said ~and and on all equ~pmenf and personally covered by this ma nge, w:th all prenuums thereon pa~d in iull, fir,~ insurance in ihe usual standard polity form, in a sum approved by Ihe MORiGAGEE, and windsto ~ ~~surencr in Ihe uwat standard policy form, in a sum app~oved by the MORIGAGff, in such tdnpany or tompanies as lhe MORTGAGEE m ducct; and all iire and w~ndstorm insurance policies oo any of said build~ngt, any interest therein or parl thereof, in the aggregate ~um ~foresaid ~ in eacess thereof, shall :ontain the usval standard matgagee dause w such othe? clause as /he Mortgagee may require, making the loss under sa~d po ~ c~ ~s, escb and eve~y, pay~b~e to sa~d MORTGAGEE as its interest may appear, and e~ch and every svch poncy shall be promptty ass gned and dejivered s sny held by sa~d I.tORTGAGEE as fu~lher security 1o said mortgage debt, snd, nol less than len (10) days in advante oi 1he expiration o~ each policy, fo d I:ve~ to said MORiGAGfE a renewal thereof, together with a rece~pt for the p~emium ot such renewal; and Ihere shall be ~0 1~re or windstorm irsurant ptaced on any of said build~ngs, any inte~esl therein w part thereof, vnless in the form a~d wifh Ihe {oss payable as aforesaid; and in Ihe event any ~un of money becomes payable unde~ such policy o~ poticies said MORTGAGfE shail have tf~e oprion ~o receive and apply the sa,ne on account of ~he indebted n_~ss sccurzd hereby or to pe~mit aa~d MORTGAGOR$ ?o reteive and use it or any part thereol for o:ner purF:osrs, vi~tho~t ~ha~cu/ ~YJIV1~13 0~ unp..ir ~ng any eQu~ty, I~en a rlgh~ under o? by virtue of this mo:tgage; and in tF?e event sa~d MORTGAGORS shal~ iw ~ny ~eawn fail to keep ~he said premisrs so ~nsurcd, w fail yd del~ver promptly any of said poleties oi insurante to said MORTGAGEE, or fait promptty 1o pay fu~ty any premium thereio~ pr in a~y re:pect fai{ ~o periwm, d~scharge, execute, e(fect, comptete, comply wilh and ab~de by ~his covenant, or any par~ hrreof, said MORTvAGEE may plate ~~~d pay fw such insurance or any part thereof without waiving or affecting a~y optio~, lien, equity, or right under a by virtue o+ this Mwtgags, and the fUll amount oi each a~d every such paymeM shall be immediately due and payable and shail bea~ interest from Ihe date thereof uroil p~id at the rat~ ol n~ne prr cenrum per ann~m and to~ether w~th such ioterest shali be secured by the lien of ihis morigage. ~ 1. To permit, commit or su(fer no waste, impairment or deterioration of said property o~ any part the~eof. 5. To pey aIt and singu~ar the costs, chargc~ and expenses, including a reaso~able attaney's fee and cosrs of abstrsdt of title, i~curred or paid at f~me by sa~d MORTGAGfE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and futly periorm, d~uharge. cute, efiec+, comple~e, comply with and ab:de by' each and every the stiputat~ons, agreemenfs, co~ditions, and covenants of sa~d pro~niswry note and ~h~s ~,orrgage any oi e~rhei, and sa~d costs, cbarges and expense:, each and every, shall be immediately due and psyable; whelher w not there be notice de r,,,~:d, attempt to coltect or s~it pending; and the (ull amo~nt oi each and every such paymem shall bea. interesi from ~he date thereof until paid at the o~ n~ne per cantum per annu:n; ans.' ali said costs, chargez and expenses incw~ed o~ paid, ~ogether w~th such interest, shall be secured by Ihe lirn of thif mortgdge. b_ That (a) in the event of an breach of this Mort 3 Y gage er default on the parl of the MORTGAGOR, or (b) in the event any of sa:d sums of money j h.rein refcrred to be not prompHy arx! fully paid wi~hi~ thuty (30) days next after ttu same severa!ty betome due and payable, without demand or notite, cr (c) in the event each and every the stip~lations, agreemems, tonditions and covenants of sa~d promiswry note and th~s mortgage any or eithrr are no1 3 iuly, promprly and futly performed, diuharged, executed, effected, completed, complied with and abided Sy, then in either or any such evenf the said ag- . a~~-gate sum menrioned in sa'~d p~omisswy note then remaining unpaid, with interest accr~ed, and ail moneys secured hereby, shatl become due and pay e forthw~th, or thereattcr, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said sums of money were or~ginally st~pulated be pa:d on such day, anyth~ng in sa:d prom~ssory nore or in this Mongage to the cont~a~y nofwithstandh~g; and thereupon or thereafter a~ the opt~on of s+ d A10RTGAGEE, w~thout notice or demand, suit at law w in eqoity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby n_d matured pnor to ~ts institution_ ~ 7. That in the evenf tfiat at the beginning of or at any time pendirg any suit upon this Mo~igage, or to foreclou et, o? to reform i1, or fo enforce ~ ;.~vment of any claims hereunder, said MORTGAGEE .shall apply to the Court having jurisdiUion thereof ior the apl~ointment of a Reteiver, such Court shall ' ch~nrith appoint a receiver of said mortgaged property all and singular, includ~ng ail and singular the income, profits, issues and revenues irom whatever ~ s_ ;-ce drrived, each aod every of wh;ch, it being expressly understood,, is hereby mortgaged as if speulically ~et fo~th and dexribed in the granting and ~ ~'rr.dum ciauses hrreof, ar.d such Receiver shaU have alt the broad and effective funct~ons and powers in anywise eMr~sted by a Court to a Reteiver, and ~ s_~ appointment shait be made by such Court aa an admitted equity and a matter of absolute ~ight to said MORTGAGEE, and wir}wut reference to the ..::,~o;,cy or inadequacy of th.z value of the property mortgaged or to the sotvency or insolvency of said MORTGAGQR pr fhe defendants, and that such ~•rs, profits, income, issues and revenues shall be app{ied by such Receiver according to the lien w equiry of sa~d MORTGAGEE and the practice of such Court. 8. To du'y, promptly and fully perform, d~scharge, execute, effect, complete, comply wlth and abide by each and every the stipulations, agreements, ,.ditior.s and covenan~s ~n sa~d promissory note and this mortgage set fw1h. 9. Tha? in the event the ownership of the mortgaged premises, or a~y pa?t t.`~ereof, becomea vested in a person other than fhe MORTGAGpR, the JR7GAGEE, irs successors and assiyns, may, without notice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this ^ a•rgage a«d fhe deot hereby secured in the same manner as with Nlo:tgagw witFqut in any way vitiating or dixharging 1he IAortgagors' Iiability here- ~~dcr ar upon the debt hereby se_ured. No saie of the premises here6y mortgaged and no forbearance on fhe ~an of the ?dORTGAGEE w its sutcessors or ass~9ns and no extersion of the time for the payment of the debt hereby sec~red given by the-MORTGAGEE.or its successws or assigns, a~iall operate - ro re!ease, d~scharge, modify change ot affecl the original liaoif~ty of the MORTGAGOR herein, either in whole w in par1. 10. It is spec~fical(y zgreed ~hat time is of the essence of this conrract and that no waiver of any obliqation hereunder or of the obligation se- c~red hereby sha'~ at any time thereafter be held to be a waiver of the terms hereof w of the instrument secu~ed herby. 1 l. In ,;;id tlc~ to the forego ng monthly payments of princ'pal and interest required by the p~om~ssory no!e secured hereby, mortgagar cove~ants +~i agr~cs to p~y to r:ortgagee with each momhfy paywent an odd~iional sum es:~mated by mortgagee to be equat to 1; 12 of rhe annual cost of the foNow- - A-A!! rcal prop~rty taxes levied or assessed against the above described real estate. 6 F~~u::;,:;~s o~ fire and windsto~m insurar.ce as herein requ~red to be carried on the improveme~ts s~tuate on the above dascribed premises. C-Prern~~rns o~ such mortgage guaranty ir.surance as mortgagee shal( from t~me to ti~ne deem iit to carry on the loan secur~ hereby. Vo.rgagee sha:i from !ime 1o time notify mongagor in w~it;ng of the amount due and payable hereundrr and wch sum shall thereupon be due and ; abfe on +he due date of the next month!y payment and each zuccessive month thereaftcr ur,til mortgagee shall notify rrwrtgagor of a change in such ~,~nt. Such wms sha!I be applied by mortgagee toward t6e payment of reai property taxes, insurance prem:ums, a~~d mortgage gvaranty insurante ; ~'P~nium5. IN Y1ITDJESS 'JJHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day year ' t aforesaid. ; gned, Seale nd deliv in the esence of: ~ ' +Jitnes es as to si na_ `l_ P~'~ ~ - ~~ure o~ Anthony 9 t on c om s S"n i , . con omys y y ~sp ? ) tr'itnesses a~ to signa- la con t~an ' _ ) ture of Julia Economys Y ~a~~ sr~TE oF ~t Florida S . ss. ~:~U'JTY Of _ - St. L_llGlp ~ Before :ne penonally appeared Anthony Economys - ~iswriie~ to me we(( known and known to me to be t^~ individualt described in and who executed the foregoing instrument, and atknowledged before me that ~he7 executed the•same for~~the purposes rhe•ein expressed. /lewl~fi~asl~ ?Af~ vf-t4~~ae,+d- ~i~~~e~r~M~pR~~ ,r ~.o~ww~at~.r? Y~r. w~s. ~ebew ~eperefC end-aperl-froR~l+er se+~+l+osbend- eck.ie..iedge~~s ~e ~I~e~eee~ad~i~i ~ ~.~yrwd-wwt»w-ewp.~ow~rulsi+~ t~freint~ ~pprel+errsien-~er~+fear~vFerf~vnrt+er-asid~sibawd ' ~ ~ = ~ WITNESS my hand and off~cual seal this___~~t~ day of Au - ` I A. b: 19 ' '72 , . { S;a7E OF ~~ta.ssachusetts 1 K • l' ~ ~ Notary Publi ' and fw the tate of Fbrida at l.ar~pe ;JU!~7Y OF Berkshire ~ My Comm~s exp~res: 9.7.~_- Before me pe~sonally appeared .It111c1 E ono hi! wii~ to me well kr~oJ~h pnd~kw~ ~ ms to be rhe andividuala•described in and who executed the fuegoing instrument, and acknow{edged before me that gfie~? execuicd~~he ~rr~s joa•t.liJpv~poses And the said Julia Economv~ ' • ~'.v ~ rhesein expressed. AfR!'A1~ ssld - , ~ y ~ ~ ~T ~ .:.te of the sa;d Mthonv F'conomys ~ tep~r~e +~l~iwt~ c.amination by me taken separate and apart from her said husband, acknowledged to and before me that she e:ecvted said insfruaa~t freeiy a2d volur?- aniy and without any compulsan, co~straint, appreheosion, o? ar of a Trom her said husband. : ~ . • • ' ~ WITNESS my ha~d and official seal thi i~ dsy of J• p;~ pp_Z~, t I ~ • C This instrument prepared b f~EDAM~. s~~ ~ , '~ID• B• BIc1UIl 23a15514 i~•lUC1E COUMtY (,A. Notary Public in a f the Sate of • Latp~ : ROCER POI~RRS My Commission exp~r •/~176 M~+$S~?C#tUS¢tt5 f . . t -r . , . ~:r ~t1!rR".fi ~ . First Federal S~vings and Loan R~ ~ ye~~:.~~~c~~ :~ssociation of Fort Piezce- Florida ; ' RY~ ~ ~ ~U~K Q:~CF Pr J ~ ~r' N . - - - _ ~ _ ~ _,.x_-, _ ~ .