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HomeMy WebLinkAbout2190 3. io ptace a~d continuously leep on the bu+'d~ngs noar or herrafrer ~+tuate on a~id land and on a~i eq~~p:nent and personally co~ered by th~s mwtg• sge, wfth ali prem~ums thereon pa.d fn full, fire 1ns:,ra~~ce ~n inr ~swl uar~ya~d porcy Form, in a sum appro.ed by thr MOR~G~GEE, and w~ndsto~m ~nswance in Ihe usual s~anda~d po:.cy (o~m, in a wm appro+ed by the MURTGAGEf, in such co~~~pany or cempan~es as the MORTGAGEE may d:rect; and all fire and w~nduJrm insuronce poi~cies on any of sa~d buiid~~gs, any imerast the~ein or part thereo~, in ~lhe aggrega~e svm sforesaic' a in excess ~hereof, shaU contam the ~sual sra~~dard nwrtgagee t'+a~se or such aher ~liuse as Ihe Mortgagee may requ~re, maAin9 rhe ross untlr? so~d pott c+es, each and every, payabfe to said KiJRTGAGEE a~ ~is ;merei~ may appear, a+~d each and eve~y auch po:~c~ sha~l be pron,puy aug~~ed and de~~vaied ~o any F~eld by sa~d MORTGAGEE as fvrrher security to aa~d n:or~gage debt, and, not less than ten i10) days in ad:ance ot ~h+ expuat~on of each poGcy, to dr Gver to said MORTGAGEE a renewa~ :nercof, toge~her with a rece~pr for the premium o( such renrwal; and there shail be no f.re w winds~o~m insvronce p~aced on any of said buiidings, any inte~esl Ihere~n or pa~t thereuf, unless in the to~m and w~~h the loss pnyab!e as aforesaid; and in ~he event any sum of money becomes payabte under such policy a poLcies said MORiGAGEE shalt have the opt~on to rec~~ve and apply the same on accoune oi tht indeored- ness aecuied haeby oa ?o permit said MORTGAGORS to reteive and ~se il or any parl the:eef for oti,.r Hur~ose•s, v.~~i~~,.t fh;•~y; 1r:~.,~3 or I~~.Y.111' ~ng any equ~ty, lien w r+9hi undrr w by virwe of ~h;s mo:tgage; and in the evem sa:d MORTGr1GURS shatl fw any ~ea~on fail to keep ~he sa~d prem~s~s so ~r.wred, a fait to deGver prompNy any of said poGcies of insurance to ~ald MORTGAGEE, or i~ii promptly to pay futty any p~emi~m therelor or in a~y respect fai~ to pe~form, d~scha~9e, execure, effec~, ca~~plete, co:i~ply wiih and ab~de by th~a covenant, or any par~ hrreof, said MORTGAGEE n~ay piace a•~d ; pay ia such insurance or any part ~ha~eof w~~hout waiving or affec~ing a~y op?fon, lien, equ~ty, or righr under or by v+rtue o~ thts Mortgage, snd the fu;l amount o1 each and every such payment shalt be immed~ately due and payabte and shat~ bea. interest from iha date ~hereoi un~il poid at the rate o~ n~ne per centum per annum and ro~cth~~r Nrth such interest shali be secured by the hen of this mutgage. . 1. To permil, commit or sufier no waste, in,pairment or deter~oration of said property w any part thereof. S. To pay all a~d singutar the costs, charges ar.d expenses. ~nc(ud~ng a reasonabte atta.ney's fee and costi of abst~acts of t~tte, incurred or pa~d at any time by sa~d MORiGAGEE, becauae o~ io the event of the fa~lure on the part of ~he said MORTGACaOR to duty, p~ompt{y and fuily pertorm, d~xherge. >Yecute, effeU, compiEre, comply w~th ar.d ab:de by ea.h and every the stipula~,ons, agreements, cond~tions, and covenanrs of sa~d p~omissory note and ehi~ morrgage any or e;rher, ar.d sa:d costs, cha~qes and expenses, each and every, ahall be immediately due and payable; whrth~r or not there be not~ce de- mand, attempt to co:led or s~it pend~ng; and the full amount of each and every such pay~nent shall bea. interest from the date thereol until paid at the ~~~e of nine per cen:um per annu:n; and ail said costs, cha~ges and exprnses incurred or paid, toge~he? w+th such inte+esf, shall be secured by the Gen of lhis mortgay@. ~ b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa;d sums of money herein ~eferred to be not pranptly and f~~ly paid within ~h:~ty l30) days next atror the se~r.e severatly Lecoma due ano peyeble, wi~hout demand or notice, a or (d in the eveN eath and every the stipvlations, agreemems, tondit~ons and covenams of sa.d promiswry note and th,s mortgage any or e~~her are not iuly, prcmptly and (ully oerfurmed, d~scharg~d, execured, eftected, compieted, compfied with and ab~ded Sy, t{~en in e~fhrr w any such evenf the sa~d ag- grcgate sum mentioned in said promisso~y ncie then :e~naining unpaid, w~th inte.e~! accrued, and all moneys secured hereby, sha~l become due and pay ao.e forrhw~th, or fhereaftcr, at the opc~on of sa~d MORTGAGEE, as fully and compleiely as if all of ~hz sa~d s~ms of money were onginaity sGpu:ated to be pa:d on such day, anything in sa.d prom~ssory note or in this Mortgage to the contrary norwohsta~~d~+~g; and tbereupon or fhereafter at the option of sa:d MORTGAGEE, w~thew no~~ce or demand, su~t at law or in equ~ty, therefore or thereairer begvn, may be prosecuted as if all moneys secu~ed hereby n_d matured pr~w to ~ts i~st~tut~on. 7. That in 1he e~~ent that at the beginn~ng of w at any t~me pending any su~t upon this Mortgage, or to foreclose it, o~ to ~eform it, or fo tnforce ~ayment of any claims hereunde~, wid MORTGAGEE shall apply to ~he Court having junsd.csion thereof ior ~he appo~ntme~t of a Receiver, such Court shall iurthwith appoint a receiver of said mor~gaged property all and singutar, inctud~ng all and s~ngu~ar the irtco~ne, profits, issuea and revenues (rom whatever s~~rce derived, each and every of wh:ch, it betng expressly understood, is he:eby morfgaged as if speufica~ty xt forth and deuri~d in the g.aming and h36endum clauses hereof, and such Receiver shatt have all the broad and effective funct.ons and powe.s in anywise entrusted by a Court to a Receiver, and s_;h appointm¢nt shalt be made by such Court as an admitted eq~ity and a matter o1 a~solute righr to said MORiGAGEE, and wirhou~ ieference to the edequaq or inadequacy of the value of the properry mortgaged or to the sovency or ,nso:vrncy of sa~d MORiGAGOR or the defendants, and ~hat such re~~rs, profits, income, iuves and revenues shaii be appiied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptty and fully per(o~m, discharge, exec~te, eifect, complete, compiy with and abide by each and eve~y the stipulations, agreements, conditions and covenams ~n sa~d promissory note and th~s mortgage set fo~th. 9. That in 1he event the ow~ership of the mortgaged prem;ses, or any part thereof, becomes vested in a pery~n ather than the MQRTGAGpR, the MORTGAGEE, its successors and assigns, may, w;thouf notice to tbe MORTGAOR, deat with such successor w successor in interest with refe~ence to this r.-u•tgage a~d the d~bt hereby secured in the same manner as with lJtortgagor without in any way vitiating or d~scharg:ng the Mortgagori tiability here- :;nder or upon the debt hereby secured. No sa!e o! the F~emises hereby mcrtgaged and rw forbearance on the pa~~ of the MORTGAGEE or its sutcessws er assigns and no eatens~on of the ~+me for the payment of the debt hereby secured given by the h10RTGAGEE or i~s successws or au~gns, uiali operate ro re!ease, d~scharge, modify ~hange or alfect the orig~nal iiao~Lty of the MORTGAGOR here+n, eilher in whoie or in part. 10. It is speu(icalfy agreed tha? time is of the esse~ce of tfiis contrad and that no waiver of any obiigarion hereunder or of 1he obligatan se- c~red F~teby shal! at any time thereafrer be heid to be a waiver of the terms Aereof or of the instrument secured herby. 1 L In add t:oa to the forego ~~g month~y rayroenrs oF p.~nc aal and interest requ~red by the prom'ssory note secured hereb{, mortgagor covenants a^d agrees ~o pay to mo:tgagee vvnh each :vonrh!y pay~.~ent an add~rionai sum est•mated by mortgjgee ro be eqval to i; iy oi the annual cost oF the follow- ,,.3: A-All real proper+y taxes ~evied or atsesscd agai•.s+ ~hc above dex.ibcd ~eal estate. B-Premf~~ns on f~re and wir.dsto~m inSUry~~e 3s here~n req~;red to be carried on the ~mproveme~ts situate on the above described premises_ C-Prem~ums on svch mort;~;ge guar;nty ir.surar.ce as moregagee sF.a{I from ume to time deem fit to carry on the loan secured hereby. Mortgagee sha!1 from time to rime nctily mortgagor rn wrir~ng of the amounl due and payable her~undrr and such sum shall thereupon be due and :~yable on the due oate ot th~ next month:y payment and each successive month thereafrcr ur.til mortgagee shall notify mortgagor of a change in such • oum. Such s~ms sFa:i be appiied by mortgagee ~owa~d the payment of rea! property taxes, insurance prem.ums, a~id mortgage guaranty insurance S ~remiums. IN Y~ITNESS '1VHERzOF~the said A10RTGAGOR has hereunto set his hand and seal the day and year first aSoresaid. Signed, Sealed and delivered in the presence of: fILED Ahp riEGORp p _ 51. WCIE G9UNiY f~A. ~ ~~7 .L~~ ~r: i t ne~ • L,`~ ROCf= F~~tTRA--~'-~~~ -(Seaq CCERK C ~~:.UtT ~OUR ~\1 ~~9b P~'esc (~aq ~ ' 9ECCa^'+'~ ~'F:ED ;4 i t n e ' ~ ~ v ,d .d ~ ~seaq •.4!/J/h f+~ f+r y ~ 9'j'j pH ~~Z Geraldine L. PZess (Seaq SiATE OF NQR YO ~ ~OUNTY OF ~ 243105 , Befwe me personally appeared -1a[ nh P=a sg ~ and ( ` GeYaldine L Press his wife, to me well known and known to me to be rhe individuals described in and who execured the fwegoeng inst~ument, and acknowledged before me that they executed the same for the purposes rh~rein e~pressed. And tbe sa~d Geraldine L~Prpga r:~re of the ~~d ,Iaeob PreSS upon a separate and private examinat~on by me taicen separate and aFurt from her said husband, acknawledged to and before me that she executed said instrument freely and volun- ' ~a~~ly and wirhout any compulsion, consUairt?, apprehension, ~ fy? of or f~om ber said husband. ' <<R...~.. WIiNESS my hand and offidal seal th~L day of / - A. D. 19,~ ~t.,C.. ~I - ~~C.fs.t.1 Notary Public irt and tor the State of N. Y~ st larye My Commission expir~s.-_ Retur~ To: ar ~~~Na,PO F. b,'d Jj L~ ic •C 7y r;~. First federal Savings 6 Loan Association r; F~;,t:~. St Rarr FortOP~ rce, fiorcda lKfi s?~ifLh'J~~c~"`.~~~y t.•,~,)~,~~ lq~ -;.~.,1 ~ • • . . - .4~ _ ~ . ~ ; This Instrument Prepared By J. H. RobeZts,Jr. ~ y; _ ~ First Federal Savings 8. Loan Association b b, a; of Fort Pierce ~ Rlori da _ 'j 0,~' 0 R Q ~g • ~ ,,,,\J Checked By 8 DQb( ~O PdG{ - t~ • , ! _ _ . ,d . _ . - - - _ _ _ ~ ~ _ _ y4,~:~ Y~ '.c"~' . . ~ . . F'E'Y ,~a,^: ,T,~,~,re ..n ~ ~~~~s` a~`~,.1~~ _ ' s~<' =-v . - ~ ~ "~~a 's - . ' . . _ ~ ~sz . , _ . . - _ ~ . .