HomeMy WebLinkAbout2543 3. To p'ace and coniinuous~y leep on ti~e b~i'd~•,gs nov or hereafter situate on s..~d ~and and on a': ~•q,ipn,rnt a~:d pe~sona:ly co.e~ed by ihis mor
age, w~th a!I pren~~..:ns thr~~~on ~:~.d ~n full, f~re u~s.,r~nc~ ~n the usujl u.~~~d~rd No!~.! fur:n. in a s.,m a~.y.io+cd by thr 1.1OR~.,:~G'_E, and w~:~Jsro
~nsurance in the us~~l u~:~J.,rd po:.cy lor~n. ~n a surn ,Npro.~d Uy rhe h~ORit',AGEE, in such co~~epany or co:n; ae:es as ine !.',ORiGAGEE m
d~rett; a~~d all iue and w~:~datons~ ~ns~'~~~ca Fo:~c~es on any oi sa~d bui:d.r~,~s. any in!errst ihercin ~r }:a.~ thc:cof, in the a~yr_9a~r su~n aforesa~d
in exeess ~h~~~eof. shall :ont.,~n ~hc uswi sf~~ ~~rd ~~~orry.~ger c~a~sr o~ such oth~r e;,use as the A!ertg3~~e nuy reyv.r¢ maMu~g iha ~ois undrr ae,d po
c~.~s, e~ch and cLery, pey.,o e to s.~~d AtJRiGAGEE as .rs :~~~~•rest may appea~, and each and e.e~y svch E.~ :c~ si~o~l ue ~:ro~npry ass g~~ed e~ d da:i~~a~d :
arry he(d b~ sa~d t.tORIGAGEE as 4~nh:r sacurny to sa~d ~~•ortg33e d•_u~, and, not lest than ten ~10) da;s in aJ:a~~ce of ~h,: e.E:~z„non of each po:~cy, to d.
I~ver to za~d hl~R1GAGEF a ~ene~•:.,~ Ihe~..-of, 1oge~har with a receipt for thc prem~wn of wch rene. o:~d ti~cre sh~il b~ no f~ra cr w. ~Uitu'in ir,suranc
pleced on any of sa;d b~i!d~~~gs, any inrrrest ~hc~c,n or part thrreof~ JRiBSS in ~he form a~~J w~~h fhe ~GSS pay~b!e ~s aforesa~d; ~~+d i~. the r~e~~t ~ny sun
of rnonay beco~~~es payab!e under w:h policy or pvLc~rs sa~~_M~TGAGEE shall have ~h~ o~,t;on te reo_~~v .,~~d a, p'i ~~~a se•~~e on a;.ou•v o( the i~~d~b~~d
nrss secwed hrr~by or to permit sa~d fAORTGAGORS to ~eCrive Jnd uSC it w any p.•rt tM,_~:e~l tor • r ~.ur; s. .:.~i.::! tii.•..~: ~~~'.i:..~-
mg any eq~:ty, Gen or right under or by vir~~r of ~his mcrrgac~e; and in the event sa d A1^~i1GAGORS sh±'I `or 3ny reasun fail to k~ep ~hc sa~d pr~nuses so
in~ured, or feil fo drliver pro~np~ly any cf said pol~cies of insurante to sa~d MORiGAGEE, or 4~~! p:om~itly to ~.ay Fu~ty an~y.l pre~+~~.~r, ther~for or ~n a~~y
resprct (ai0 1o perform, dr,iha.9e, ex.~cure, elfect, compie~e, co:nply wiih and abide by ih~s coven~~u, or any p.ut h_reof, sa~U tiA~JRTJHG~E may p~acc a: d
pay for such insurance er any part thz~eof w~~hou1 waiving or affecting any option, lien, eq~~~y, or rig4v ur,Jer or b~ v~~lue of th~s Alo~tgage, and thc
1~11 a~no~nt of each and e.ery such peym,~M shatl bc imm~diately due and payable and shail b~~a~ intcn•s~ fro~n thu date th~reof uni~l p~~d ai ~he ra~e o1
n~;~e par crm~m per anr.u:n and fu~_~ch•_r v~~rh such infer~•sr shai~ be s~:ured by the lien o( this mort9agr• ,r
'4. To permit, commit w sufier no waste, impairment w d~terioration oi said properry er any part th~reof,
S. To pay all and singular the cos~s, charges and expenses, i~cluding a reasonable at+orney'a tee and costs of abstracts oS tiNe, incurred or paid at
~n,r t~~r.e by s~~d htORTGAu`E, txcause er 1n ~he evero of ihe fa:iure on th~ part of ihe said h;~RTGAGOR ~o duly, pro-t~pfly and fully prrform, d~scharge.
_.~cut._, effrct, ca„p:efe, ce~npty w~th and au dr by each and every the st~pulat~ons, agteeinenis, cond~tio~x, and covenants oi sa~d pro:n~ssory note and th~s
a,ortgage any or e~+her, a~id sa:d costs, charges and eaprnses, each and every, shall be imm.~d~etely tlue and payab:r, v`hether or not thare be not~ce da
n~,;nd, atte~npt to coilect or svit p~:nd~ng; ond ~he full amount of each and every such payme~t shatl bea~ int•~rest from ihe date thereot uroil paid at the
r,•te o` n~•ie pc'~ crntu~tt E c~ .:~~~~~,~r, .:~ic ali said ccsts, tiia~3es and rx::e~~Ses inCUrred o~ po~d, toy~thtr w~~h such inte:~il, shall be secured by the iien of th~s
~nortgage.
6. That ;a) in the even~ of any 6~each o4 this Mortgage or default on ths part of the I.!URTGAGOP„ or ;L) in thc event any o( sa:d sums of money
t~~~rein referrrd to be not Hrc~r.F~tly and lu'~y pa~d within ~h;rty ~30? days next after the san~e s_•.e~a'ty beco•~ie due and payab!e, wiH~out demand or nonte,
or ,c) in tha event e~ch and rvery ~he stiN~~auons, agreeme~»s, cond~s~ons and covenann ot se.J pro:nisso~y not~ and ih.s martgage any or ei~her are na
~u!y, promplly and fully pcrfonr+rd, d.scharg~d, exacuted, effectrd, com~le~ed, to~npiied w~th and aLid?d 5y, then in e=thet or any such eveM Ihe Sa~d ag~
7'~'9ate sum menhoned in sa~d pronussory ncte then re~naining ~npa~d, with intere;t acuued, and atl ~nonrys setured hereby, shall become due and pay-
ao e forthwith, or therraftcr, at thr opt~on of s~~d MOBTGAGEE, as f~lly aixJ comp!e~c:Y es ii a;l of tLu sa~d sv~ns oi money were onginally st~pvfated
rc be pa d on sv[h d;.y, anything in sa.d pro:n~uory ncte ot in this Mortgage to the con~rary not..,~~hst~~,d~~~g; a~~d tFkrevpon or ther~a!ter Et the opt~on of
s~ d MORTGAGEE, w~fhout notdce or d~aiand, su~t at faw or in eqwty, the~efore or thereafrer begun, may be prosecuted as if aU moneys secured hereby
n.:d mat~red pr~or to ~ts in;titut~on.
7, That in the event that at the b.~yinn~ng of or at any ti~r.e pending any suit upon this Mortgaye, w to foretlose it, or to reform it, or to enforce
~_,yme~~i uf any ciaims hr~eunder, sa~d IdORTGAGEE sha!i app~y to the Coun having ~ur~sd.ct~oe: thereot tor ~he appo~ntment of a Receiver, sucfi Co~~t shafl
r~~thwith ap~cint a receiver of satd mor~gagrd property all and singu~ar, indud,ng atl and s~~~yv~ar the ir.come, profns, issues ar.d reven~es irom whatever
s: urce darivrd, each ar,d evcry of tivh ch, ~t tk•~ng express~y understood, is he~eby mortgaged as ~f speofical~y set fonh and desenbed in the grant~ng and
h.,!:endum cla~ses herwf, and such Receiver shail have all the broad and effecrive Sunct ons and powe:s ~n anyw~se entrusred by a Cou~t to a Recriver, and
;.ih appointment sh311 be made by s~th Court as an ad:nitted equity and a matter of abso:ute righl fo said MORTGAGEE, and wi:hout re(erente to the
~i_,~ut.ty or inadaquacy of tha va!ve of the property mo~t9aged or to the so.~ency or ~nso!venty of said MORiGAGOR Cr the defandants, and that such
r_•~,~s, protits, inco:ne, iswes and revenues shail be appt~ed by s~ch Recaiver accord~ng to the tie~ or .q.,ity of said MORTGAGEE and the practice of such
Court.
8. To d~ly, pro~npt:y and fully perform, discharge, execute, efiect, complete, co~~pty w~th and ab~de by each and every the stipulations, agree:nents,
.ond~tions and covena:~~s ~n sa~(~ PfOT~S50f'~ noTe and th:s martga3e sr~ forth.
9. Thai in the event the ownersh:p of the mort~aged premises, o~ any part tncreof, beco~nes vested in a person other than the MORTGAGOR, the
:.RTGAGEE, its successors- and ass:ans, may, wifhout notite to the ~!ORTG<10R, dea!: w~th such successor or successo+ in interest with refrrente fo th~s
c•tgage ar.d th: d,b+ hereby s~cured in the sarne mannet as with F.tio~tgaqor w~thout in any way vit:ating or d~scha~g~ng the Nlortgagori iiability here-
.~~er or upon the drbt ncreuy secured. No s3:e of the Frern~ses hereby ~nortgaged and no forbearance o~ the part of the /110RTGA;'iEE or its successors
er ass[gns and ~o cxtens~on of the tun: (or thr payment of the debt hereoy secured given by the 1110RTGAGEE or its successors or assi9ns, al~all operate
!o retease, d~scharge, mod~fy change cr aifed tF.e orig~nal i;ai~~{;ry of tne N.ORTGAGOR herr~n, either i~ whoie or in part.
10. It ~s s~,ec~fica!Iy agreed that time is of the essence of this contract and that no waiver of any ob~~gat~on hereundar or of the obtigation s~
c~red hereby sha'i at ar,y tin;e thereaTter b~ he~d to be a waiver of the terms hereof or of the insor~rnent secured he~by_
11. 6~ .::;d , fo the fer~gc ~ronth'y ~;aym ~nts o~ pri„c pa! and intarest requ:rrd by the prom sscry norr secured hereb~, mort~a~ar eovenants
d agrees to ray to nw~e~.~^y~_e vJth eacn ironth'y F;a~: cent an adci,i~onal sum es' ~~a!ed by mortg3gee to be equal to 1. 12 of t;tie an:~ua! cost of the fotiow-
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Q-AIi r~ai Nrep-,~ry tax.as lrvi_~ or assess_d ag,i•ut the aoove desai.~-,cd reat estate.
6- F~:~„~,,:s o~ f~n• and ..indsro•~~: ~nw~arce as nere~n requ:red to be canied on the :~nprovements s~t~ate on the above d=scribed premises.
C-Prrnw~r.s o~~ soch rt:ort~.:ge guaranty ~r.sura~ ce as mortgagee sha:l from. Yme to ti~re deem fit to carry on the loan sewred hereby.
T,1ortga~ee s6o'I 'rc:n t~,:e to ti~~,e ner~f; necng~qor m writ~ng of the amou~t d~e and payable hereundar and such su~i sha!1 thereupon be due and
~ .;~h!e on the due cia~e of tF.~ nc.~t n:o~~th.~ paym.ent a:~d e~ch successire month thereaft_r w:tii mertgagee sh3El not:fy mortgayor of a change in suth
f . ount. Suth sums s~ a:i i:e .~,~~•:~ed t,y ntDrt~d!339 tov.ard the payment of real property taxes, insurance pre:n:ums, a~id mortgage g~aranty insurance
e•nwms. .
f ~ IN '11TNES5 '::HEKEOF, fne sa~d P.10RTG~GOR has hereunto set his hand ar.d scal the day rtd year first atoresaid.
~ Sealed a e ere th! presence of: ' ~ ~ \
l•7itnesses as to Gordon ~
~ f~. h~. Steele and q~ife ~ Gor n t~~. Ste le ~~a~~
~ ~ ( lt'itnesses as to Gordon) ~ ~ _ ~~ai~
~ ( Steele ~ Jr . ) Ha el . Steel ~~aq
~ , . Seal)
STATE OF ~p,~ New York ~ Gordon Steele ~ Jr .
S5.
c: UNTY OF Hemntstead ~
Before me personally appeared Gordon St@21@ ~ Jr • ~
MtVOil4~to me well known and known ta me to be
rhe ind~vidualydezcribed in and who executed the foregoing instrument, and acknowledged beEore me that /he/ executed the same {or the purposes
~h~rein expressed_ ~Ani~be~l ~
~ R~L Of'7~SSfd ' Y(iDOiiYQYitiYfi~.QiiW1!
~.«~w~wu~~n-by-~wv-t~:en wrerMr wid ~e~t~+owrirer- aeid-Fivaba?~d,-ada+er.tedged-te e~d~ietere T,e-+F~er ~++e t~edze;d~ ina+re~ne.,r i.eey~e..d~.o~~r
lenirl~~Vl~I~IdI!?~1Mf~p.~rM=~Iq4N1MMiwfr l~Q11~Ef~flare~Ef~~O/R'3RT'Sli~+Rfl~~" I a
~
WITNESS my hand and offiual seal this S day of ~'r ~ ~~Qr~~
~ .
~ Si:.7E O~ ~ FlOrlda L~ ~ ~,161ic '=te~e oF New Y~rac _
i:: ~OUNTY OF $t •-~Cle tary blic in a~d for State of #lbi~if at` /
ws My mm sion ex resQu.,i~fi~.,X•N n~ 3
Before me personally appeared _ ~.~~~~a~~~~ 1"', .
K Gordon W. $t6(.'IQ drld u ~ C St8e1 o his wife, to me nown me o be 1
~ ~ce ind~vidua;s described in and who executed the foregoing inslrument, and acknowledged be(we me that they executed the same for the purposes l
~ rh•~re~n expresse,d. And th~ :~~d_ Hazel C. $'~eel@ 3
~ '
~ n~fe of the said GoYdon i'. . Steele _ e t~atOpR~.P~~~ate ~
~ly t~-wlurr
exam~nai~on by rre taken sepa•ate a~d apart irom her said husband, acknowledged to and befo~e me tFwt she executed said 7nstttl{p~{;1 j. • M
~ ra-~ly and w~thout any compu;sion, constraint, appr hens~ n, w fear of or from her said husband.
~,,~~,r Q ti ~ ~,~'l ; ~
WITN:SS my hand and official seal thiL_ day of •~~i~~_ i
• s,~r_ j i
~i~~s instrument prepared by: John <<'. Co~lins - a
~ Z 1 S V lri s and I.oan As soc iat ion ry PubGc ~n ar+d for tha~.5t ~ rat Lst~f~:~ f
~ ~ ~rst Fede a a 9 . ~
~ 33450 Comm~ss~on expires: • ~y 1 T z ~
=ort Pierce ~lorida -~c•• ~ ~ ~ ~
~ i~erurn 70: FILE~ k 'E~" 'DE~ , : - ~ ;
4 first Federal Saving~ a Loan Associat;on $j, ~~}~it^CJUNTY FLA. , =~+f y L i'' ?
~ oi Fo,, P_;~e. RG"vE- pn;TRAS I~ • J .
C L Ef' x ' ~ C Otl RT ~~s rr: STA~- et,~~OR~DA at URG[~. z
Fo~t Pierce. Ffor;da r 'i t = ~ .
M~
~~~tO~L~FKr~tRES OEC. 29. 1 9 7 5
fl Q. ~'l C2542 !11 1'1'1 Yondtd Thrd'fs.i~a~•1Asurance Und~rwnttra.
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e.er., ~..r~* Y-.s. S". ^~~4~Y~ 7 3.
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