HomeMy WebLinkAbout0332 3. To place ++:d c~~rinuo~siy keep on ti~e b~~'d~r,~s novv oi hereafrer siwate on sa~d land and on aL' eq~ip~nent and penonally covered by this mor
age, w~th all p~imlu~r:i th~~eon pa.d ~n fu(I, i~re insurance in the usual itanyard poliCy ~orm, in a sum aH~ro+ed by tha h:OR~v:+G"cE, and windstu
~nsurante in ~ha us~al a~and~~d yo:,cy iw~n, in a sum aNpro.ed by the 1~10RTGAGEE, in such company or cv~npan:es as ine 1,!ORTGAGEE m
d~rect; and all fire a„d w~ndswrm inswance pot~c~es on a~y of s~id kw~id~ngs, any inte~est thc~~•~n or par~ thrreol, in fhe aggrcgate w~n afo~esa~d
in excess th~~reof, sh~ll wnr,in the us~~.:~ s~a~:da~d mori9.~g='e c:ause or s~ch othar ciause as ihe ~.1o~tyagc•e may <<~q~;re, making tha ~ess ~nder s~~d po
c~~~s, each and every, pa,:,b'e to sa~d :'~JRIGAGEE as ~~s interest may appear, and each and eve.y s~ch po!~c~ sha~l 'oe pron~p:ty ais y~~rd a~~d de,~.•~~~d ~
any he~J 6y sa~d 1~10RI:,AGEE as i~r~h~r s_cuntr ~o sa~d ~~~ortga3e dab~, and, not less than ten (10) days i~ aJvance of tne expuot~on of each poi~cy, lo d~
I~ve~ to sa~d MORSGAGEE a renr.•:al thereof, toge~her v~iin a rece~pt for the prem~um of wth renewal; and ~i,rre :hail ba no S~re or w;~~dsto•~n u,suranc
placed on any of sa~d bui!d~~igz, any intereat there~n or part thereof, unless in the fonn a+~d w~th the loss poy~~:e os afc~eaaid; a~d in the event any sun
of money b~~co~nes poyab!r ~nder s~th policy or pol~cies sa~d MORTGAGEE shall have the ophon to ~ec~~~ve and app!y tne sarnc on accou:v of ti~e indatt~~d
nrss se.':.~ed har,.•by or to p^rmrt sa;d tAORTGAGORS to reCeive and ~se it or any pr•rl th•~;eof i:.r o:n• r~.:r. cs,s, :::~n~,t eh:•:.:. cr ~•,p..~'
ing any equ~ty, I~en or right undc•r or by virtue of this moregage; and in the event Sa.d MORTGAGORS sha!1 For a~iy teason fail to keep thc said pre~nisas so
insu~rd, or fail to de,ivcr promptly any ot sald pol~cies of insurante to sa~d MORiGAGEE, or f~+~ prorc;ptty to µay fu::y any p:_ n~,,:n theri4or or in a~y
r~~spect foil to perform, d~sch~rge, exac~fe. e(le~~, con~plete, co:nply with and ab~de by thls coven~nt, or any pa~t ha~eof, sald f1lGR"+:.~GEE may p~ace a•a
pay for such insur,~r.ce or any part thereuf w~thout waiving or affecting any option, lien, equ~ty, or ri~ht und~r or b~ virtue ot thi: hlortgaqe, and thc
f~ll a~novnt of each and e.e+y s~ch pay~nent sholl be ~m.med~ately due and payable and shall bear int~rest fro~n th~ datr thereof until p~id at the rate of
nine per cent~in per annu~n e~?d to3_tli~~r ~nith•S~ch interest Shali be s~~cured by the l:en oi th:S mortgage.
4. To pcrmit, commit or sufier no ~vaste, impainn~nt or deterioration of said prcperty or any part thereof.
5. To pay all a~d singular the costs, charges and expenses, induding a reasonab!e attorney's fee and costs of ahstracts of title, incuned or paid at
~~y tin,e ~y s;,~d MCRIGAG`_F, bewuse or in the event of ~he fa;iure on fhe par~ of the said 650RiGAGOR to duly, pro nNtly and fu:ly pe~form, d~scn3rge.
~.~cute, effeU, co~r~p;~-te, canply w~th and ab.de by each and every the st;pulat~ons, agreen~enrs, tonditions, and covenants of sa~d pro:ni>sory note and ~?i~t
~wrrgage any or e~ther, ard sa d costs, char9es ar.d expenses, each and every, shall be immediately due and payabie; whether or not thare be not~ce da
mend, atten~pt to coilect or suit pend~ng; and the ful: a,nount of each and every svch payment shall bea~ imerest Irom the date thereof until paid at the
o~ n~ne per cenn~•~~ t.~•~ .,n~w .::u: aii sa~d wsrs, cl~arges and ex::enses ineurred or pa~d, ~oyether w~th such interest, shal~ be secured by the licn of thls
mortgage.
6. That (a? in rhe event of any breach of this Mortgage oi defauit on ths part of the 4l~RTGAGOR, or (6) in the event any of sa d sums of mo~ey
h.-rein refcrred to be not pro~•~F~t1y and fully pa~d witFin th~rty (30i days next aiter the same severa'ty 6eco~ne due and pay~ble, withou~ demand or notice,
or (c) in tha event each e:id every ~he stiNu~anons, agreements, condisionS and covenants of sa d pro~nisscry ~ose and 1h,s mortgage a~~y oi ehher are not
i~!y, pro~np~ly and fu~:y pertormrd, d:schary~d, e,cecuted, effeued, compteted, compl.ed v.~th and a6~ded 5y, then in e~~her or any such event the sa~d ag-
~•egate sum ment~oned in sa~d p!onussory ncte ihen remaining ~npaid, with interest acu~ed, a~,d d:i mpnr~s setured hereby, shali become due and pay-
av e forthwith, or thereaftcr, at the op!ion o1 sd~d A50RTGAGEE, as fully and comp;etely as if ali of thr s:,:d sums of money were Or~ginatly St~pu~ated
ha pa d on s~ch dc~anyt~~n3 in sa J p:u:n~ssury nute or in th~s Mortgage to the contrary nct,v~thstan~:~ig; and ~hereupon ~r ~hereafrer af rhe op~~on of
s: d N.ORTGAGEE, w~thout not~cr or de:nand, sun at law or in eGui!y, therefore or thereafter begun, may be proseiuted as if all moneya secu~ed hereby
n.~ rnatured pnor to ~i5 ~nitrtuhon.
7. ihat in rhe event that ar the beginn~ng of or at any time pe~ding any su~t upon tl~~s Mo~tgage, or to foredose it, or to reform it, o¦ to enforce
~~vment pf any uaims he~eunde~, said INORTGAGEE shall apply to the Court having ~ur~sci.ct:on the:eof for ~he appo~mment of a Rece~ve~, s~ch Court shal{
r,r~hwith appeint a rece~~er of said mortqagrd property ail and singular, includ~ng a~l and s~~~gu~ar i1~e income, prol~ts, ~ssues and revenues f~om wh~tever
s_~•ce der~ved, eaih and every of wh.cF~, 1t be~ng express:y ~nderstood, is hereby merrgaged as ~f spec:ficaity set fortfi and descritKd in the granting and
t e:idum cia~~ses hereof, and such Receiver shail have all the broad and effective fvnct.o»s and po.yers in any:v~se envusted by a Cou~t to a Rec~iver, a~~d
s_ :h 3ppointment shai~ be made by svth Court as an adnitted eq~ity and a matter of absoiute right to sa~d A10RiGAGEE, ar.d wi;hcut refcrence to fhe
-,:_•yvacy or inadequac~ of tF.t val~e of the property mortgaged or to the so~vency or inso~vency of sacd A'tORiGAGOR or the defendams, and thot s~ch
~~s, profits, inco.ne, issues and rerenues sFiai~ be apptied by such Rece~ver actord~ng to the Gen or equ~ty of said 1hOR1GAGEE and the practice of wch
Couri. ~
8. To du:y, premt~t!y and fui~y pe~{orm, d~scharge, execute, effect, complete, comply w~!h and abide by each and every the stipulations, agreements,
.onditions and covena~vs m sa~d pramisso:y ncte and th:s mwtgage s_t fo+th.
9. That in the ev~nt ~he ownership of the mortgaged premisas, or any part thereof, 6ccomes vested in a peison ofher fhan fhe MORTGAGOR, 1he
'?RTG<1GEE, its successurs a:.d asvgns, may, without no!i:e to the AtiORTGaOR, deai w~tF. such successor or successor ~n ~nterest with ~efrrence to this
~^~igage and the d_-u1 hereby s_cured in the same rnanner as with ffortgagor without in any way vit;ating or d~xharging the Ihortgagors' liaoility here-
der or upen the ti•~i.+ h_•r. ;,•1 secured. No sa!e of the prerr,~ses hereby mortgaged and no fcr6earance on the pan of the ~110RTGAGEE or its svccessors
asvq~~s ard ~~o exre~~;;on of the time for the payment of the debt hareby secured given by the 11;ORTGAGEE er its successon or ass:gns, al~all operate
!o re~ease, d schar~e, n,c,cl~fy change or aEfect the onginal liau:l~ty of the NORIGAGOR herein, eithet in whoie or in part.
10. It is sr,. c:ficau?• ;greed that t~me is of the essen~e of th~s contract and that no waiver of any ob~~gat~on hereunder or of the obtigation se-
c~red hereby sha'.~ at any tin.e th<reatter be held to be a we~ver of the terms here~f or of the instrument secured herby_
I 1. In .cid ! o~ }o the foreqc n•on;h'y pay;n:nts of prc;c ~~al and intrrest requ~red 6y the prom.sscry no'e sccured h~reb~. mertyayor tovenants
~ d agrces t~ fo ~-ra,yee v.~~h ~ach „~onrh!y ;,ai~.,cro an add.:ional sum ~~st~;rated b/ n~ortyjgee to be eq~al to 1 12 of t~ie annual cost of the follow-
A-;,II nal ~~op• rr~ ?a,~ ~s le.~ d or ass~si_u ag~i~ut tne above describcd re31 estate.
6 Fr. s c;n f.~_ ,~nd .:~r.d:~o ~nsvra~ c: as her~~~r. rcq~:red to be carried cn th_ !m,-,rovemeots 5~!vate on tn~ above d_su~bed premises.
C-Pr~•~n~o:~s o~ ..,.h ~r,~•t~,qe ,~a•:r.ty ~csu•a~ce as mo•tgagee snail fro~~ tme fo t;me drem fit to carry on the loan securcd hereby.
~,•.ortq,r,re . `•c to t~-• e~~e~~f; mcrtgsger m v~rit~ng of the a•nou~t d~e and payable hereund:r and such w~n shail thireupon be due and
j .:,3b'e on th_- ci.~„ c,••, c~+•fF„ r_.r n,~nth.; ;;::y•n•:nt and e~ch successive month thereafe,r u::tii mcrtga~ee sha!I not.fy rnortgagor of a change in such
~ ,nr. Suct~ s.;:ns s~ ,:~d i~y morry:_'-e tov.ard tF~e payment of real property taxes, insurance prem:ucns, and mortgage guaranty insurante
i ' ;.,e..m~unu. '
! IN ~':fTNESS :',HER~OF, tne sa~d l."ORTGi.GOR has hereunto set his hard and seal the day and year fir~~aforesa~d. - _ ' , f
E Signed, Sealed a-~d d~~we+ed in e presence oF: ~ ~
~ y ~ _ (L ~ Se~1T(
F ~-r - , ~SZ.ti 2' . ~3~ @ (Seal)
~ - - ? ~ •:.1~ ~c-:~ - (Seaq
Charlotte H. Bailey cseaq
s-.aTE oF7~ NeW York ~
ss.
:'JU[JTY OF _ ~
Before me personally appeared _ W81tB2' E• ~~Z6y and
~i lar1Qtt8 H. ~3~ey his wife, to me well known and kno+vn to me to be
!i,_ indiv~duais describ~•d in and who executed the foregoing instrument, and acknowledged before me that they executed the same ior the purposes
rF;~ein expressed. And the said_ ~'lai'lO~+~i@~ H. ~11~Ay -
,"e of the sa;d Wal~i@ r E• ~~@y upon a separate and private
.a~~~nar.on by me taken separate and apart from her said husband, acknowledged to and before me that sfie executed said instrument freely and votuo-
~;:y and w~thout ~ny co:n;,;,;sion, constralnt, apprehens: n~ear of or from her said husband. '
WITNESS my hand and official seal this_ day of '~~m~r A. D. 19 ?2 '
~ C'-. - /
~ ` ,
~ yof~y~ . blil pp~ foS 1ht State o~ at larg ,
.~I Co~llsiw4 eic~irgt: ~ ~ W' y~' ~
~ Return To: ' _ ' : • : i '
• ~ :
First Federal Sav~rgs 8 loan Assouation , =
Of :~rt P ~rce ; r'. • ~ .
' _ ' t G
Fort P~~rce. ~I•;nd~ ~ t~ : \~~eii-~t1;~;R~ FtJRlT1~
r
. w~.~~~`, ~:p~~ j~ub~ic. Stdt e1 !Mw Y«t
,~„w :j~~.'•`~ i • No. 30•1~50200
,r i~• ~ g i sl~ii~ti in Nassau Counly ~
~ ;_~d~~i i ~p~ree March 30. 19
This Instrument Prepared By J. H. Roberts, Jr. :',y„ r~"
First Federat Savings 8~ Loan Association fILEO ANO RECORDEO ~
of Fort Pierce~ FZorida ST. LUCIE COUMTr FtA. ~
- • ROCEP. POITRAS
Checked By~-___ CLfRK CI~•CUIT COURT ~
RECOR~ YERiFIED ~
a~~x~~ ~Gf ~U 5? AH'7Z
0~ 10
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