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HomeMy WebLinkAbout4846 3. Io piace and commuousiy reep on ine u~~:u~~~ya ~~ow :.r he:eafser sitoa:e an :aFd ?and a^d on a!t e~_~p~nero and perwna~ty covered by this mor~g- ege, wi~h all p~emiums thrrco~ pa~d in full, (ire insurance i~ the ~sual standard Folity form, in a sum approved by the MORiGAGEE, and w~~tis~orm ~na~ronce in the usual srandard pol,cy fo~m, in a sum approved by the MORIGAGEE, in such canpany or compan~es as the MORTGAGEE may d~recr, •nd all fire and w~ndstorm ins~rance policies on a~y of said build~ngs, any interest Iherein or part thereoi, in the agg~ega~e sum aforeiaid or in excesa ~hrrcof, shatl ;o~ra~n the usual s+ar.dard mw~gages clauie a such oiher ctause as ~he Mortgagee may requ~rs, ma?~ng the ~oss undrr aa~d po~b des, each and every, paya5!e ro said b1JRTGAGEE ae ~ts interast may appear, and each and every auch poi~cy shall be prompily aa: gnrd and de~~ve~ed ~o any held by said MORIGAGEE as fur~her security to said mwtgsge debt, and, not less ~han ten (10) days in ad.ance of the exp~~at~on of each pol~ty, to da i~ver to said MORTGAGEE a renewal thareof, togN~er with a reteipt fOr the pramium o( such renewal; and Ih~re shall ba no f~re or windsto:~n inswence placed on any ui said buildings, any interest therein a part thereoF, untess in the farm and with the loss payabte as aforesaid; a~d in the event any sum oi money becanes payabie undn such poticy or pol~cies said MORTGAGEE sh311 have the opt~on to recc~ve and app!y the sa~ne on account of the indebt~d- nesa sec~~ed ha~eby or ro perm~t sa~d MORTGAGORS lo reczive and use it or any part ~hrreof for oti~rr Hwposes, v.~~t,o.,t rh:•.J~ .v.:~.~•~~ er :~~~p,:~~- ~ng any equ~ty. i~en w r~ynl un3ar w uy v~~lua oi ~hii n-~c::yaye: ar.d in ire e•re;~! J is';;~' :~a~~ ,~i •-=sa~ i,~1 ra k~-~ rF•• sa;!I ryP~n.t-•a so insured, o~ fail to deliver promplly any of sa~d po~+cies of insurance to said MORTGAGEE, or fa~l promptiy to pay fu11y any p~e~~~i~m therefor or in a~~ reipect fail to perform, dncha~ge, execute, effed, complete, comply wi~h and abide by this cove~ant, o~ any po~t hareof, sa~d MORI~AGEE may_p~ace a«d pay fw such i~surence or any part thereof without waiving or affeuinp any opt~on, lien, equ~ty, or righ~ unde~ or by v~~tue of ~h~s hlo~tgage, and the tull amo~nl of each and every such payment shall he immediately due and payable ~nd shall bear intere~t from the date thereoi until po~d at the rate ol n~ne per centum pe~ annum and to~ether w~th suth i~re.est shaf~ Ix secured by the licn of Ih~s mwtgage. 1. To permit, commit w suffer no waste, impairment or deterioration of said property or any pa+t thereof. S. To pay atl and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts o( title, incurred or Faid at any time by said MORTGAG:E, because or in the event of thr failure on ~he par! of ~he said MORTGAGOR to duly, promptly and fully perform, d~icha.ge. zxecute, etfec~, complete, comply w~th and ab:de by each a~d e~ery the stipulanons, agree~nents, conditions, and covena~~~s of said pro~nissory note and ~hii n,ortoage anr or e~~her, and sa:d costs, charges and expenses, each end every, shall be immed~ate~y due and payable; whether or not rhe.e be not~ce da mand, attempt ro co~lcct w suit pend~ng; and the fult amount of each and every such paymaN shall bea~ interest from ~he date thereof unril paid a~ the es n:..;e .•a. cen:~..., .,.~r an~,,..,,- anr! a11 ~aid co~ts, chargea and exp.:nsea incurred or paid, logether w~th such interest, shall be secu~ed by the lien oi thii mortgage. ~ 6. That (a) in the event of any breach of this Nlortgage or defaulf on ~he part of the MORTGAGOR, or (b) +n the event any of sa:d sums of money herein referred to be not promptly and fully paid wi~hin thirty 1301 daya next afrer the same severally oecome due and payable, w~thou~ demand or no~ice. er tc) in the event each and every ~he stipu~ations, agreements, conditions and covenants of sa,d promissory note and th.s mortgage any or e~ther are no1 ~u1y, pro~np~ly and futly perforrned, d.scharged, exe:uted, effected, comple~ed, complied wirh and ab~ded 5y, ~hen in e~ther w any such event Ihe sa~d a9- gr~~gate sum mentrone.i in sa~d prom+ssory note then remaining unpaid, with interest accrued, and a:~ moneys secured hereby, shall become due and pay- ao:r forthwith, or thereaffer, at the option of said AIORTGAGEE, as fully and complerely as ii all of the said sums of money were or~ginally st~pu:ated to be pa:d on such d~y, anyth~ng in said promissory note or in this Mortga9e to the contrary notwithstanding; and therrupon or thereafter ae the opt~on of s~;d MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby n~d maWred pnw to rts instit~t:on. 7. That in the event that at the beginn~ng of or af any time pending any suit upo~ this Mortgage, o~ to foreclose it, or to reform it, o? to enforce payment of any daims hereu~der, said MORTGAGEE shat~ apply to the Court having junsd~ct~on thereof for the appaintment of a Receiver, such Cou~~ shai( tc,rrhwith appoint a receiver of said mortgaged propeny aif and singular, inciud,ng a11 and s~ngutar the income, prof~ts, iasues ar.d revenues from whatever sc v~ce dr~ived, each and every of wh!ch, it being express!y unde~s~ood, is hereby mor~gaged as if speclficalty set forth and described in the granring and h3bendum dauses hereof, and svch Receiver shali have all the broad and effective tunct+ons and powers in anyv~~ise envusted by a Court ro a Rzcaiver, and s.ch appointme~~t shali bc made by such Court as an admitted equ~ty and a matrer of absotute Ngh~ to said MORiGAGEE, and without reference to the e iequacy or inadequacy of the vafue of the property mortgaged or to the so:vency or insolve~cy of sa~d AM1ORTGAGOR or the defendann, and ~hat wch ~e•,rs, profits, income, issues and revenues shall be applied by such Receiver ac:ord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promp?ly and fu~ly perfoim, discharge,_ execute, effect, complete, comply with and abide by each and every the stipulations, agreements, o~,ditions and covenants in sa~d promisswy note and th~s mortgage set forth. 9. That in the event the ownerihlp of the mortgaged premises, or any part thereof, becomea vested in a person other than the MORTGAGOR, the :,^.RiGAGEE, its successors and ass~gns, may, w~thout no~ice to the MOR7GAOR, deal with such successor or successor in interest with reference to this ~-~gage and the debt hereby sxured i~ the same manner as wiih Mortgagor w~thout in any way vitiating or d~scharg~ng the Mongagors' liability herr ~er or upon the debt he~eby secured. No sale of the prem~ses hereby mongaged and no forbearencr on the part of the IAORiGAGfE or its successws er ass~gns and no earens~on of the nme for the payment of the debt hereby secured given by ~i~e MORTGAGEE or its successws or ass~gns, al~all operate ~~t~ose, v'~scher ~ c,.'.~: ..`.ar.-- : a`•`e:: :!:e - '::ab,S~t of ehe A".^oTr_enpR herein, either in whole w in part. , y~. ~ 7 yo ..:cy....,~ y 10. It is spediicat~y agreed ~hat time is of the essence of this contrau and that no waiver of any obligat~on hereunder or of the obligat~on se- ' cured hereby shali at any time tnereaf~er be hefd to be a wa~ver of the terms hereof o~ of the instrument secured hrrby. 1!. !n a~%~ t~o~ •o *ha fnrn~n nm m~ntn'ty ~yments of nrinc nal and interest reauired by the promisscry no!e sewred herebr, mortgagOr covenants d agrees to pay to n:o-rgagee wnh each monrh'y pay:.:ent an add~rional wm est~rrared by mortgagee to be eq~a~ to 1. 12 of the annual cost of the iollow- ~3: A-AIi rea! property taxes le•~~ed or assetsed agai•.s: the above descrihed real estate. B-Pr~n;iu ns on f~re and wir.dstorm insura^.ce as herein requ:red to be carried on ihe ~mprovements s~tvate on the above described premises. ~ C-Prem~ums on such morrg;ge g~aranty iesurer.ce as mo~tgagee snaii fro~e Yme to time deem fit to carry on the loan secured hereby_ i Mortgagee sna!i jrom r~me to ti-ne norify mortgagor ~n writirtg of the amcun: due and payable hereunder and such wm shall thzreupon be due and ; :,.able on thr d~e da•e of th~ n~xt month:~ payment and each successive month thereafi~r ur,t~i mcrtgagee shall not~fy mortgagor ot a change in such ~unt. Such sums shal~ be ap~~iied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mor?gage guaramy insurance ~ .-•e~niums. ? N WITNE55 ~':HEREOF. the sa~d MORTGAGOR has he.eunto set his hand and seal the day and year ~ t afore;aid. ~ ~ ~ $ ..,~~'~igned, Sealed and deliver 'n tfie presence of: / \ , ,t G' G' al) ~ = , t enedict P. Hansen a~~ ~ `.ti NES S ` (Seaq ~ -.~C.'-~C 7.,-•'yi[ {Seap Luc i l le Hansen ~ S~aTE OF N York ~ ~ u. CJUNiY OF ~ 1 ~ Benedict P. Nansen - Before me personaNy appeared _ • a!, ~ _ ~.UC IIIE Hansen his wife, to me well known and 1~ ~~~'1o in~'~~e~' tha individuais described in and who execu:ed the foregoing instrument, and acknowSedged befare me that they executed the s~rArtor,the purpos~i _~~5.. r~e~ein expressed. And the sa~d ~.LIC1}ZQ Hansen • ~{.y?• S'S~ s: ~ Benedict P. Hansen . ~ ..y' _ z 'e of the sa~d upor~~l~epsrafe Snd. prnl,aN ~ amtnarion by me ta4en sepa.ate and apart from her said husband, acknowkdged to and before me that she executed said instri~l~eny,'~/egly ~nd volurt- s ra~~~y and w~thout any compulron, consrraint, apprehens~on, or fear of or from her said husband. at -,f.~ 's ~ WITNE55 my hand and official seal thls__ ~l. day of Decembe r A. D. 1~~~ ~ F $ Not PubKc in and for the State of Ne at~l'Y~ye~~.•~::~ M~ m~ssion expires: YO ~~C,~: . . Return To: '.ufAR~y c.f ~ ~-6fni first Federal Savin s 3 Loan Association ~ ~ ~ i. ~ : : _ Of iert F.•:ce r•->au ~-:mt C~rrra.a>..r, u-.rc:.'fcr. iJ, 19~ t: Fort P~erce. Ftcr~da ' %`~~3 r_ F+tfs s~n 3fc~ This Instrument Prepared By J• H, Roberts, Jr . ~.L~yp£ ~~11;t ~LA. ~ - ; First Federal Savings & loan Association adC£'' ~~T~ ~ rx of Fort Pierce , Florida ~~,r:up ~~i 1kftORO yfR Checked By ~ 3 L 08 { 11 ~~3 s~ ~M:= . (t R kA ~~~K209 v~cr~.~39 ~:~~.~~~ss~ . , _ - ~ _ . . . _ ~ - . ~._.r~.