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Home My WebLink About1026 3. To place and :ontinuo~sly ker~ on the buiid~ngs now or hereaiter ~iwate on sa~d land and on all eq~ipment and personally covered by Ihis mor ege, w~~h a!! prenu;,ms thcreon pa:d ~n full, f~re insurancc in ~he usuat srandard po~~cy form, in a s~m a~.prcved b~ the MOR~C,AvtE, and w~nduo msurante in tha uwal sT~ndard pol;cy form, in a sum approved by the MORTGAGEf, in such co~npany o~ co~npan~es as ~he h10RTGAGEE m duect; a~d aU fire and w~rids~orm insurance policies on any of sa~d build~ngs, any interest there~n or pa~t thCreof, in the aggr~gate wm atoresaid in excess th~~reaf, st~aU contain the usuat sta,~dard mortgagee c~ause or such other c!ause as the Mortgagee may req~:re, making ~he ioss u~xl~r s~~d po c~es, each and every, payab!e to sa~d A~JR(G.4GEE as its inierast may appear, and each and every wch po'~c/ ihall be promptly ass gned a~~d de~ivrred i any held by sa~d CdORIGAG~E as furthar s_curity to said mortgage debt, and, oot less than ten (10) days in adra~ue of the exyirot~on o1 each policy, to d. ~~.er to sa~d l~50RfGAGEE a renewal thereof, togethar with a rece~pl for the premium of such rene.vai; a~~d th.:re shall be no fi~e or windstofm insuranc placed on any of sa:d bui!d~•~gs, any interest there~n or part thereof, unless in the form and wfth the loss payab!e as aforesaid; and in the event any sun of money becanes payab:e vnder such {:olicy o~ poGcies said MORTGAGEE ~hall have ihe opt~on to receive and app!y t+~e same on acco~nt of ~he indeoted ness secured hereby or ro pcrnut sa~d MORiGAGORS to reee~ve and use it w any part fhe~eof for o~n• r pUf;'JSt~i, ~'.~~~~OVt ~h w:~+~ ~3 ~~~~P~~' ~ng any equ~ty, Grn or r~yht ~nde~ or by vi~tue of this rre~rgage; and in the event sald MORTGAGORS shall :or any reason fail to kacp the said p~em~ses so ! :ns~red, or fnil to deGver pro~nptly any of said poGc~es oi insurance 1o sa~d MORTGAGEE, or fai! promptly to pay fu~ty any pre~mum therrfoi or in a~y ~ respect fail to perfo~m, d~sch.;rge, execute, eifrct, complete, comply with and abide by this covena:v, or any part hareoi, said MCiRiGAG'E may plate a~~a `,~r ..;.,c~ : ar.y pas! thcr.^of ..f!hou! :s•aive.:y r aff..~~~.,~ any pnLM~ IinfL PflW1V. Of riaM under or b~ virtue of this Mortgage, and the full amount of each and e~ery such paymaM.shall be immediately due and payable and shall brar interest Irorn ~he date thereof until pa~d at the rafe ot :r•e per cen,~m pe~ annum enJ to~eth~•~ ~vi:h s~ch in!erest shaii be sewred by Ihe lien of this mortgage. 4. To permit, coinmit or sufFe~ no waste, impairment or deter~oration of said property or any pa~t thereof. 5. To pay atl and s+ngular the co:ts, charges and expenses, including a reasonable attorney's fee and costs of abstraUS of titte, incurred or paid at .ny iin:e by sa~d h10RiGAGfE, because or in the event of fhe fa~lure on the pa~t of the said MORTGAGOR to du1y, pro-nptly and fully perfo~m, d~scharge, .•_cute, effect, cemplete, cor.ply wnh and ab.dr by ea.h and every the stipvia~wns, agreements, condnions, and covenants of said promissory note and this „orrgage any or e~~her, and said costs, cha~ges and expenses, each and every, shall be immediateSy due and payab:e: whethe~ oi not there be notice da n~and, attempt to coUect or suit pend~ng; and the full amouM of each and every such paymem shall bea. innarest from the date thereof until paid at the ~ r.~ o~ nuie uer crut~~n ~~rr an:w~i; cnc' au said costs, charges and exYenses irxurred or paid, together weh such imerest, shall be secured by the lien of this mOr?gag0. 6. That (a) in the event of any breach of this Mortgage or default on tiw part of the MGRTG~GOR, or (b) in the event any of said sums of money 1•e.ein referr~d to b~ not prompNy and iuNy paid within~ th~~ty (30) days next af~er the same severatly become due and payable, wi~ho~t demand or notice, or (Q in thr event rach and ever~ ~he stipulations, a9reements, conditions and covenants of sa:d promissory note a~d th~s mortgage any or either are nol ivly, pro~np~~y and fvily performed, d.scharged, executed, effecteel, completed, compGed with and a6~ded 5y, then in e~~her o~ any svch event the sa~d ag ~regate sum mentionecf in said pro+i~is~oty rrote then re~na+ning unpaid, with intere~t accrued, and atl moneys secured hereby, shall betome due and pay at c forthw~th, or thereaftcr, at the opt~on of sefd h50RTGAGEE, as fully and comp:etely as ii a~l of ~l~e said SJTS o1 money were orrg~naily st:pu:ated te be pa:d on svch d~y, anything in sa.d prc:nissory note or in this Mortgage to the comrary notw~thstand~ng; and thereupon ur thereafter at the opt~on of s.~.d A~ORTGAGEE, w~sho~t nonce or demand, suit at law or in equity, therefore or !hereai~er begun, may be prosetuted as if alt maneys secured hereby r„d matured pnar ~o ns instit~tion. 7_ That in the evenr rhat at the beginning of or at any time pending any su~t upon this Mongage, or to fweciose it, or to re(orm it, o? to enforce ;,.mem of any ciai~r.i hereu~~dar, sa~d MORTGAGEE shail apply to the Court having junsd:ct~on ihereof fer the appo~ntmero of a Receiver, such Court shail fc ~'hwith appoiN a receiver of sa~d mortgaged property all and singu~ar, indud~ng ael and singular the income, prof~ts, issues artd revenues from whate~er s_ ,•ce derived, each and every of wh;ch, i~ bemg express!y undenrood, is hereby mortgaged as if spec~ficaify set for~h and described in the granting ar.d ::endum c!auses hereof, and wch Receiver shall have all the b~oad and effecnve funct~ons and powers in anyw~se entrusted by a Court to a Recei,rer, and s. ~_h appointment shai~ be made by such Cour~ as an admitted equity and a matter oi absolu~e right to said MORTGAGEE, a~d without re~erence to the 'eq~a:y or inadaquacy of the vai~e of the property mo.tgaged or to the saventy or insoivency o~ said MORTGAGOR or the defe~xlanis, and that such ~ ts, profirs, inco.ne, issues and ~evenues shatl be appiied by such Receiver accorduig to the lien or equity of sa:d /JfORTGAGEE and the practice of such Court. 8. To duly, prompt!y and fu!!y perform, discharge, execute, eifecr, complete, comply with and abide by each and every the stiputations, agreements, nditions and covename m sa~d promissory note and this mortgage set fonh. 9. That in the event the ov.~nership of the mortgaged prem~ses, or a~y part tF,ereof, 6ecomes vested in a person other than the MORTGAGOR, the :`RiGAGEE, its successors and assigns, may, w~~hout notice to the ~N0~2TGAOR, deat w~ih such successor or successor in interest with reference to this ~:-'gaye and the dcut hereby secured in the same n:a~ner as with fhorfgagor without in any way vitiating or d~scharging the Idortgagors' liability here- _•:_ier or upon the drb~ hereb~ secured. No saie of fhe premises hereby mortgaged and no forbearance on ii~e part of the /110RTGAGEE or its successors .~a .ti.. . , i~.. ,tio o..t .,f ~ti.. rl..h, .~~~rP.l n~~en bv the MORTGAGEE or its successors or ass:ans, ahall operate : _ _ _ _ . _ _ _ , ro reiease, d~scharge,• modify change or affect theVorig~nal liau~lAy of the MORTCaAGOR berein, either in whole or in part. 10. It iz spec:4~ca„y ag.eed that tirne is of the essence of this contract and that ~o waiver of any oblsgat~on hereunder or of the obligation se- c:~red hereby shal: at am~ time thereafter be held to be a wa~ver of the terms hereof or of the instrumem secured herby_ 11. Li ..d:f t:o i to the forego ~~g rnonth'y paym~nts of pri:~c pal and interest required by the promisscry no~e secured hereby, mortqagor covenants +.d agr_es te pay to r:atgag=e xnh each rno~thiy p3y~.~ent an adcl~rional sum est~n~ated by mortgagee to be eq~af to 1, 12 of t.fe annual cost of the foliow- A-All r~ak r.rop,~rsr ta,cas le•.~-_~ or assessed aga~•;st th~ above described real cstate. 6 Pr_r .u ~•s on Fire ard v.~ndsterm fnsuracce as nere+n requ~red to be carrled on the ~mprovemeits sitvate on the above d~scribed premises. C-Prer~•~ur~~s oo s;,ch mortg,ge guaranty ir.surar:ce as mortgagee shall from t:me to time deem fit to ca+ry on the loan sec~red hereby. i t.lortgagee she'1 'rom ti~ne to t~~:e notefy mortgagor in writ~ng of the amount due and payable hereundrr and such su~i shaii thercupon be due and I ,ab:e on rt,.~ d~e es~.~ of rh~ nexr n~omh:~ paym.e~t and each successive month th?reaft~r untit mortgagee shall notify mortgagor of a change in such ~ ',unt. Such ;~ms sha.l !>e a;;plied 'oy mortgag..e sovva:d the payment of reaf property taxes, insurance prem:ums, and mortgage guararNy iosurance ~ ; ~~..r.wms_ iN ':JfiNESS :+'HEREOf, the soid h50RTGAGGR has hereunto set his hand and seal the day and year fint aforesaid. ~ Signed, Sealed a»d~leliv ' in the presence of: F~~~ aHD RECQ Rp . - } - WCIE CJUh1Y t~~~ ~~wsl2[-....r-Cv •~I.t (Seal) NOGE° P01rtR~6 A i G (Seaq - - GLER!C ;,i:,CUI~ CO~RT,,j~ - - aECO~n vCk~F~E~....¦~~.. ~-~-~-.c"'c' ~ (Seal) - C1 airP Pnrtfc~l io (Seal) OC118 8 4~ AM'~1 S~-+TE OF}f~~ ,yew Jer sey 24Q044 ~:)O:JTY OF I Before me personall appeared Almerli1C10 Ci. Portfolio and E _ C1alY@ Portfolio his wife, to me well known and known to me to be • ind~viduals descr~oed in and who executed the foregoing i~strument, and acknowledged before me that they ezewted the same ior the purposes rhe~ein expressed. And the sald_ C1alYE Portfolio :~;{c of the sa~d _~,~$Q.Ylri(30 G Portfolio upon a separate and private ~.jm~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ~,~-~~y and w~thout any compulsion, constraint, apprehensi n, or fear of or from her said husband. ~ WITNE55 my hand and official seal this_ _ day of ~ O Y - 1~;•~D~719~- r". ' ` , - ~ ' . p _ ~ Notary Public n and for the State of 1 larps My Comm~s ' expires: ~ ~ Return To: ; 1~ ~ First Federal Savings a Loan Associztion ~~Q~ NOTARY i'.'1~'rA~P . ~ "Y Of Fo,t P..rce. ~YCA~7Y15>WV ~ ~ - Fori P~crce, Flcrid3 _ • ~%r `1~r~~• Th~s Instrument Prepared By H. Rober ts Jr. [~Eri~ r~ ~ ~E First Federal Savings 8~ Loan Association ' fvOL1RT' PLCI'C Ci \El. ,JERSEY ~ pY GUN?S~S~IU~ EaPI~:[S ~t~tR 29, 18T4 of Fort Pierce , Florida Checked BY BOOK~~ l~~~ , ls - -