HomeMy WebLinkAbout2451 3. To p'ace e~~d cannnuousty keep on the bui:J~ngs now or hereaSrer s~tuate on s..~d ta~xl and on aR equ~p~neM and personally tove~ed by this mw
vc:ih a!~ pre~~..u~~:s tL<reon pad ~r; fuil, f~re ~murenc~• ~n ~he us~al sfe~~d~~d po,;cy form, in a sum approveJ by ~he MOR~C~AGEE, and ~wndsto
~ s~rance in tbe un~at srenJ~rd j;aLCy 4orm, in a s~m approvrd by tht MURTGAGEE, in suth tompany or tompan~es as the h402iGAGEE m
dn~•cr and all fire a~.~ w„nditorm inw~ence poGc~es on a~y of sa~d tw~id~ng=, any interest ~he~e~n o~ part thcreo~, in the agg:cgore wm aforesaid ;
rxtess ~hcreof, s+wti conr.~in ~hr usu~l st~nd3rd mortgagre ds~se or such other clouse as the lAo~tgagee may rrqu~ro, maMi~~g tl~ ~oss unJer s.~~d po
_~s. rech a~~d every, p,,;~5.e to sa~J ~.10RiGAGEE as ~ts intcr.:st may appear, and each and eve~y su.h p.:,c~ shai! be prompNy assg~~rd w~d de~~Yarrd ~
e~~,, h~ld by sa:d ;:,02iC;AGiE es funher security to said n:ortgaye drb~, and, not less than !en (!0) days in ad.~nce of the eipuehon of each po~~cy, to d.
~o s.,id 1dQF~G:1GiE a ren~v:~l ~hareof, toge~her with a rece~pl for the prrm~um of such ren~,n,al; and there sFwll be no 1~re or windi~orm ins~rant
~'~ced on any of sa.d h~~i:d.•,gs, any interest therem or part thcreoi, un!eas in ihe fonn and wnh ~he Icss payab:e as afo~esaid; and in the event any sun
u! n~oney bFCO:^cs payab:c under such polity o~ poLcies s+~d MORTGAGEE shall have ~he opf~on to recv~.•.: rnd apN!y the same on account of the ind,:bird ~
ss srcwed h~r~by or to prr:n~t sa~d MORTGAC~OR$ to recr~ve and use it pr any pt.rt tl~.•:cof fq~ o:n•r pur, cars. •:..i~•o~t th-...,~ ,~•_~:i,3 ~r unp.,~r ~
~ any equ~ty, 1!en or r;yh~ und~r or by vir~~e of fhis mor~gage; and in the event sa.d MO~iGAGORS sh~11 .`or any reason iail to kcep the sa~d premis~~s so s
~~iu~~d, o. f.~il tojd~~!~ver pro~~~p~ly any of sa~d poGc:es of ~nsurance to sa;d MORTGAGEE, or tai; p:omptly to Nay fuity any pr~.n~,,,n ~hrrcfor o~ in a~y ~
~~•~,.vct iail to per.orm, d~sch„r~e, exec~te, etirct, caupletr, cat;µty with and ab~de by IfbS COVCOJnf, O~ any uarl har.:o{, s.jid ldOR7vAGEE may ptace a•~a
c~, for such insur.~r.ce or any part the~eof w.tho~t waiving or alfectin~ any opuon, lien, eq~~~y, or ngM under or by virtue of ih~s Mo~rgage, and thF
. I amo~nt of each and every wch paymem sh~l1 be irc~~ned~otely dve and payabfe and sha!I bear intcr_it fro~n tha date Ihcrcof w~til pa~d at the rate ot
~~..c~ pir c~•nt~m ~~~er unn~:r~ ond lo7cNti~~r with such int.,•r~it shaii be trtu:ed by f~ lien Of lhis mortgagc.
4. To permit, commit or sulfer no waste, i:r.~air,ncN or diter;cration of said prope~ty or any part thereo(.
5. To pay aIl anJ singu?ar the costs, charges and expenses, induding a ~easonable at~om,y's fee and costs of abst•acts of tiNe, incurred or pa~d af
1~•-e by s.~d r,1~RTGAG=E, because a in ~he evem of the fa:iwe o~ the pan of the said MORTGAGOR to duly, prompNy a~d fully perfo~m, d~schmge.
:utc, ~}~ect, cen,N;~rc, ~o~np!y wrth and ab:dr by eath and every the stipulaeons, agreem~-nts, cond~tions, and covenants of said pro:nissory note and this
~-rqa~e any or e~+her, and sa.d costs, chargea and exper.ses, each and eve+y, shall be immediately due and payab;e; whether w ~ot there be notice d~
atr~~rpt to co•~ett oi svit pend~ng; and the ful: amount of each a~~d every svch paymenr shail bea• interest frvm the date thereof un?il paid af the
~,~n,, r c_:.;;, n ar,,,,; ~~,c: ~~I sa;d costs, charges a:~d ~a~c~~ses fr.curred or paid, together ~v~th such interest, shall be secured by the iien of thi~
~~,orrgage. ~
b. That (a) in the event oi any breach of this Mortgage or default on tF,~ part of thc M.CJRTGAGOR, or ;b) in fhe event any o! sa'd sums of mcney
r.~;n relerrad ro b_~ uut ~,vc•:~f,tly and fully paid within thaty i301 days next a'tcr the san~e scvera:ty become due and payabte, without demand or notice,
in tha e.ent e..ch and eve.y thz stipuianons, agreements, cond~sions and cwenants of sa d pror~iiSSOry ncre and th~s mortgage any o~ either a~e not
promp~fy and Iu~,y ~erfo~~~:~d, d.scharged, exewred, effected, complgred, tomplied .vith and ab,ded 5y, then in either or any such event the said ag-
~~te sum ment~ored in sa:d {>romissory note Then remaining unpaid, with interrv acuued, and all mon¢ys secured hereby, shal~ betume due and pay-
forti,,,,ith, o. rherraffer, at ~he opnon of sa~d h10RiGAGEE, as futly and comptetety as ii aN of tlie sa~d sums of money were or,gina!!y st~pu:ared
' d on zvch dcy, anythir.g in sa.d pionusaory note or in ihis Mw~gage to the contrary not vithstand~ng; and ihereupon or Ihereafter at the opfion of
~ .:'.OQTGAGEE, v..thout nonce or demand, s~it at law or in equ~ty, the~efore w thereafter brgun, may be prosecuted as if all moneys setured hereby
~ .i nearured pr,or ra ~ts init~tot~on.
7. 7ha+ ~n tne event rhat at the beginning oi or at any time pendi~g any su~t upon this Mortgage, o~ fo foreclose it, or 1o reform it, o? to enforce
~:•~~en~ of any cl.,~ms he•eundcr, said PAORTGAGfE shall appl•~ to the Court hav~ng ~u~~sd.a;on thcrcof tor ~he appo~nnnent of a Receiver, suth Court shail
"!::.~th ~F:F:o;nt a receiver of sa~d mortgagad property aN and sinqJ!ar, includ,ng ail and s+ng~lar !he er.tome, prof~ts, iisues and revenuea from whatever
~.-cr dar,,~•~{, ezc'r, and every of wh:ch, ;t being express(y understood, is her,by mortgaged as ~f spec;f~~aiiy sel for~h and destribed in the grantiag and
'.~~~:clv~n ~:avses f:er•of, or-d svth Receiver shaii have al! the broad and effec6ve f~r~ct.ons and po~rers in anywne entrusted by a Cowt to a fceceiver, and
~.~av~~~'~»:•» st.~,i be n,ade by such Court as an ad~n~tted er,~ify and a matter of at:so:~te right to said MORiGAGEE, and wirhe~t reference to the
~~.c~ c+ inad; ;vac~ of tFe vaiue of the p:operty moetgaged or to the so.vrncy or ~n<_o,vency ot taid MORiGAGOR w the defendants, and that such
•s. prof~rs, ~nco-~~e, issves and revertues shaH be app~~ed by such Reca+ver acco+d+ng t~ ~he tien or equity of said MORTGAGEE and ~he practice of wch
~_.,rt_
8. To dv'y. Frerop.t'.y and fu!~y perform, d~scharge, e:ecu~e, effect, complete, comply w~~h and abide by each a~d every the stipufations, agreements,
d~+~ons a~~d cove:~ants ~n sa~d pro~nissory note and th~s mcrrgage srt forth.
9. 7har in rhe etic-:r rhe owr.erzh~p of the mortgaged premnes, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:`RTGa~,~, ~fs s:;ucsscrS ar:d ass~gns, rnay, wirhoui nofice to ~he 1',ORTGAOR, deal wnh s~ch svccessor or successw in ~nterest with reference to this
'y:ye a: d r„e d,ut hvr:Ly sec~red in the same manner es with rdortgagor w;thout in any way vit;ating or d~scharging fhe 1.lortgagors' liability here-
or u; on sn•~ d~•v! hcreb,~ securEd. No sa!e of the promises hereby mo~~gayed and no forbearance on the part of the IhORiGAGEE or its s~ccessors
s,~3~,z and r,c ,Ar~~ sk;,n ot th._- G;s~.~ for the payment of the debt hereby secured given by the MORiGAGEE or its successors or ass:gns, a~~all operate
re <~se, d.s:ha-qe, mod;fy ~hange or affect the orig~na! l;au:;~ry of the NORTGAGOR here~n, either in whole or in part.
i~. !t ;z sr~ c Scaliy ,o•eed ihar ~ime is of the esser.ce of th~s conrract and that no waiver oi any obGganon hereunder or of Ihe obtigation se-
.~d hereb~ sha., at ar~ ti~~e nc~reaf:er be he:d to be a waiver of the terms hereot or of the instrument secwed hcrby.
~ 1 ~F,.• iorrge ~:g n~~onth'y ,~ay~T,•~nrs of p~~~.c ;:al and inre.es~ req~~red by the prom Sicry no~e secured hereby, mortgagar eovenants
~.+g~c~s ro ;:e~ ro o: ,_;.~e v,;rn ea_h r,~;,r.sh'y p~~~ ;e+~f an aou:~~ona! s~m ~~s! ~~•oted by mortyage? to be eqval to 1. 12 of the annual cost of the foltow-
N~-r~;i f~d~ t:fCFi~`,-t~~ T.3;=5 ~f"ll~.~ Of dSSc'SS::U d 31•1S1 1~7•. E: ~ ~
y a ore dezv~b~ d r_al estate.
6 F- ~.s ca f~.~• ar.~ ,v;,;dstor~n inwrarce as nere~n req~;red to be carr~ed en th~ im~voveme~ts s~ivate on ihe above d=scr(~d premises.
C-Pr•,-:~-•s o~ s;;ch mort3:,ge gva~anry ir.svra~ce as +no»gagee sha:I tro~r. rme to t;me deem fit to carry on the loan secured hereby.
t~~0~'ga7ee s~~., ~ i•o:,~ n:ne ro t~~~:e notif; mortg;gor in writ~ng of ~he amoum d~~ and payabie hereundrr and such suT, shall thcreupon be due and
e o'~ c,~ o'r t6a r.•_,r n:o~th.y pay-cent and eath succ~ssive mo~th tnereaftar ,~r.ti{ mortgagee shall not;fy mortgagor of a thange in wch
$uch su:rs st,r.i be a,,i::.td by morrgey.re ror.ard the paymenf of rea! property taxes, insurance prem:ums, and mongage guaranty insurance
~~J~1~5.
1'M irITrJE~S ':.H~REOF, the sa~d MORIGAGOR has hereunto set his hand and seal the day and year first oresaid
S~gned, Seated and de~ivered
n the presence of:
• ~ - - /j~.
~iL $!a:)
Ltf1@SS ~ _ i7 - rc3 c"1ID oren
- - (Seal)
~ N ~
::itnes~_~-----~^~ ~~-1~-~ ent.~ Coren (5eaq
--~__i__
l5eaq
oF bt~tfa~i: ~F
:F Yt~RK ~
~'diY OF ~~V~E~ /
1
Before~ me penonally appeared nbr ~:ldm f: c r en and
~ Sen t;: KO T E.'il hes wife, to me well known and known to me to be
: uut~~~dueti .~~cr~ed in and who executed the foregoing instrumeM, and acknowledged before me that they executed the same for the purposes
•'::'•eR+~expressed. KnQ the aaid__ S~T1*%~ ~'.OLPil
of ?he~s~ed _ ~1%= 3~?3=~ Koren upon a separate and private
.+'r:~nartdn by ~,c tdke~ s~parate and apart from her sa~d husband, acknowtedged to and before me thaf she exetuted said instru~nent (reely and voiun-
.~,r and vv:~f:ovt any cornpulsion, constraint, apprehens~on, oS~fear of or from her said husband.
~WlTT:E55 ~ryy hand and official sea: this__
. `TI Z~I ~ day of A. D. 19~L~
CHARLES W. PARKER - ;
. NOTARY P'~ll,,, ;;tate of New Yorlt '
- ~ No. 41-82~6550 • ~ueens County Notary Publit ~n end for the State of ~~f~
Term Ex~•;~es tNarch 30, i97Y My Commission expires: 3/;0~, I~~~- ~1 ^
Retvrn To: ~
~[rst Fedcral Savings a Loan Asso:iafio~
~j{ it.rt P • ~c~~.
r~,,r F: r:,,<;~ fIlEO n?tG ~~NTY FlA-
ST.l11C~_
RCG~ ^ ~•J1«AS l
GIEKK C :,:~,st COURT
Th~s Instrument Preparec! 8y 3zaurt p~f~T~~ -
F~rst Federal Savings & loan Association ~G 30 ~Z 34 ~N
of Fart Pierce , F lor i da
Checked By --~j~DKl.rVt~ f'~~Ez4~ ~;3~;833
,
: , - _ - - _ F~ ~
~ _ . ~r..f-