The URL can be used to link to this page

Home My WebLink About2712 3. To p~ace end con~inuously keep on the bui:d~ngs now o~ hereaher ~i~uate on said la~d and on alt equ~p~t~ent and peno~ally covered by this mong- ege, vv:th all prem~ums ~h~~reon pa:d in full, lire ins~rence ~n the usual stendard pol~cy form, in a ium approved by the MOR~G%.GEE, a~~d windi~o~m ~nwrante in the ~wal i~~nda~d po~.q 1am, in a wm approved by ?he MORTGAGEE, in such tompany or co~npsn:es ai ~he MORiGAGEE may d~~ecr; and all fi~e ar.d w~ndstorm ~nsu~ance po6uei on any of sa~d b„~id~ngs, any inreresi the~e~n or pa~t ~he~eof, i~ the a~grega~e i~m alo~esa~d or ;n excess ~hereol, shali ;omain the usual ata~~dard mori~agee clause o~ such o~he~ dause as ~he Mortgagre may requ.re, maAing tne icss ~~dr~ sa~d pati- c~es, each and every, paiable ro sa~d h1pRiGAGEE as ~ta interest may appear, and each and eve~y auch pot~cy shell be p~omp~ly aas gncd and de~+ver~•d To any held by se~d MORfGAGEE as further srcuriry to sa~d mortgage debt, snd, not less ~han len (!O) days in ad.ance of the expirat~on of each pot~cy, to de- fver to said MORiGAGEE a renewal the~cof, ~ogether with a reteipt for the p~emium of such rene+~al; and tharo shall be no Lro o~ w+~.dsio~~n iniurance plated on a~y ol said bvildings, any int~rest the~ein or patt Ihereoi, unless i~ the form and with the toss payable as a(oresaid; and in the evenl any s~m of money becomrs payable under such policy or poGcies sa~d MORTGAGEE sh,~ll have the opt~on ~o recz•~e and apply the same on accoun? of the ~nJ~•bT~•d- ness secured hereby or to permi~ said MORTGAGORS to rece~ve and use it or any par~ ~hr:eof for o:n~r Fw~ osrs, .•..~n;.r ~hr. •-r ~7 c>-~'- ing any eq~~ty. I~en or r~ght urtder w by vinue of this mo:tgage; and in the event sa!d MORTGAGOR$ shall !o~ any reason fai) to keep the sa~d prem~s~s so ~nsured, or fail to det~ver promptly any of said polic:es of insurance to sa:d MORIGAGEE, or i~i: promptfy to pay fu~ly any prc~n,~m fhcrrfor or ir, a~y respeci iail to pe~form, d~scharge, execute, effect, complete, comp!y wi~h and ab~de by this co~enan~, or any pari hareof, sa~d MGRivAGEE may piaw a~o pay fo~ such inaurance or any part thereof wi~hout waiving or atfecting any option, lien, equny, or righ~ under o~ b~ v~rwe of thh Morigage, and ~he t,,~l a~no~nt of each and e~ery such payment shall be immediately due and payable and ahall b~e: ~nterest irom the date theraof until pa~d a~ the fJI2 oi n~~~e per centum per annum and to~ethrr with such interrst shali be secured by the lien of Ihis mortgage. 1. To permit, commit ot suffer no waste, impairment or detetioration of said property or any part thereof. 5. lo pay all and sing~lar the costs, chargcs and expenses, including a reasonable a~~o~ney's fee and cosrs of abstracts o( titte, incu~red or pa~d a~ an~ time by said MCRTGAG:E, because or in the eveM of ~he faiture on the part of ~he aaid MORTGAGOR to duty, promp~ly and fvtiy perform, d~acharge _.cc~te, efFeu, tomplete, comply w~th and ab.de by each and every the stipulat~ons, agreements, conditions, and covenanis of~sa~d prom.~>sory note a~~d th~s norrgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall bt immed+atrly due and payabte; whether or not fhere be nonce dr n:and, attempt to coUect or suit pend~ng; and the tull amount of each and every such paymem shall bear intere:f from ~he date thereof unnl pa~d at ti~e ~r o~ ~~~ne per centum per an~i~m; and all said costs, charges and e:penses fncurred w paid, together w~th such inrerest, shall be secured by thr hen of th~s mortgage. 6.-That (a) in the event of any breach of this Mortgage or default on the part of the MORiGAGOR, w;b) in the event any of sa:d s~ms of money ! crein refe~red to be not promptly and fully paid within thuty (30) days nexi after the same severauy becane due and payab!e, wltlwui demand o. neuce. er ;c) in thr eyent each and every the stipu'ations, agreements, condi:io~~s and co~enams of sa.d p+omissory noee and th~s mortgage any o~ e~ther are oot i:,ly, promptly and fully performed, d.schargnd, execured, effected, completed, complied w~th and ab~ded 5y, then in either or any auch event the sa~d ag 3-egate sum mem~oned in said prom~ssory note then remaining unpaid, with interest aarued, and all moneys secured hereby, shall become due and pa~- ec e forthwnh, or thereatrer, at the opnon of said MORTGAGEE, as fully and completely as ii a~l of the s~id s~ms of money were ongma~ty st~pu~atrd ro be pa:d o~ such day, any~hing in sa:d p~om:sswy ~ote or in this Mortgage to the cont.ary notwithstand~ng; and thereupon or thereaher a~ the opi~on of s, d MOR7GAGEE, without nohce o~ demand, suit at law o~ in equ~ty, ?herefore or therraiter begun, may be prosecuted as if all moneys secured hereby ?-ci mat~red pr~or to rts instituLOn. 7. That in the event that at the beginn~ng of or at any time pendirtg any suit upon this Mortgage, or to foreclose et, or to reform it, or to enforce payment of any clai~ns hereunder, sai~ rdORTGAGEE shall apply to the Court having ~urisd~aion thereof for the appo~ntment of a Receiver, such Couri :halt Pc~thw~rh appo~nt a receiver oF said mortgaged property all and singula?, includ,ng aIl and a~ngu~ar tne income, profus, iswes and rever,ues from whate~er scvrce denved. each and every of whrch, it Eeing expressly ~:.denrood, is hereby mongaged as if spec~fically set forth and dexribed in If~e g~amin~ and !~~endum cta~ses hereof, and such Receiver shatl have aIl the broad and eifecrive funct,o~s and powe.s in anywise entrusted by a Court to a Recairer, a~~d s;h appoinfinent shall be made by soch Court as an admitted equiry and a matter of abiolute rigM to said MORTGAGEE, and without reference to the :_y~acy or inadeq~aty of the va!ue of the property mortgaged or to the so:venty or ~nso:rency of sa~d MORiGAGOR or the defendants, and rhat wch }~,~,n, profits, income, issues and revenues shall be app~ied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the prachce of such CJ V f1. B. To d~~y, promptly and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipuiations, agreements, ::;nd~tions and covznants in sa~d promissory note and this mortgage set torth. 9. That in the event the ownerihip of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the JRTGAGEE, its successors and ass~gns, may, wirhout norice to ihe MORTGtiOR, deaf w~rh such successor or successo. in interest with refrrence to this ~ o•rgage and nc~ deot hereby secured in the same manner as with 1Jlortgagor w~thout in any way vitlating or d~scha~g~ng the 61or;gagors' liab~irty here- .-:de~ or u~wn the deot hereby secured. No sate of the premises hereby rnortgaged and oo fo.bearance on the part oi the ~AORTGAGEE or its successors o~ ass~gns and no exrens~on ot rhe t~me for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass gns, a~~all operate ro re~ease, d~scharge, modify change or affect the orig~nal Iiab:Lty of the M.ORTGAGOR herein, either in whole or in part_ 10. It is spec~f~cally ag~eed that time is of the essence of this contract and that no waiver of any obt~gation hereunder or of the obligation se- :,-ed hereby shail at any time thereafter be held to be a wa~~er of the terms hereof or of the instrumem sec~red herby. 1:. tn add t~c? !o tke iorEgo n~ month!y payments of pr~nc pal and ~meres+ requ~red by the prom'ssory nore secured hereb,r, mortgagor covenants ,:i ag~ees to pay ro n:o-tgagee v.dh each mo~+hiy payr.~ent an add~rional sum esnmared by mortg~gee to be eq~al to 1, 12 of tt~e an„ual cost of the follow- ; I A-Ali real property taxes lev~ed or assessed aga~•;st the above desc~~brd real estate. ' ~ 6 Pr:.~.~v „s on fire and w~~~dsro~m insu.ar.ce as Fere~n .eq~:red to be ca~r~ed on the ~mproveme~ts s~t~ate on th_ above d=sc~~bed prem~ses. ~ G-Prerniurns on wch morty^e,ge g~aranty insura..ce as mortgagee shail frem t~m.e to time deem fit to carry on the loan s^cured hereby. ~ h•,or~gagee sh,!! from t~~,r to T~me ncrify morrg;ger fn wrir~g of the amount due and payabte hereunder and such su~~ shail thereupon be due and ~ .~,able on tha due aa`e of iFe next mon!h'y payment and each successive month thereaftcr uctil mortgagee shall r.ot~fy mortgagor of a change i~ sv:h -ount. Such SJTS sha:~ be aNF.i~ed 6y morrgagee toward the payme~t of real property taxes, insurance pre :urns, a~~d mortgagc guaranty insurar.ce i 5 e nwms. f I!~S 1'11TNESS '::NER~OF, tne said MORTGAGOR has hereunro set h~s hand and seal the day and year irs? aforesaid. ~ ~ $i9ned, Seafed and delivered i the presence of: _ . ~ S _ ~ - ~ _ ' ~ ' ~ J''~ (Seal) ~ _ ~ GeoY e W. ob' t~ai~ , /7i !q. .~C • _ (Seal) ~ - - Mary A. acob rs~aq ~ ;4 ~ ~'.:.TE OF~LORWA Neiv Jersey ~ SS. ~ ~~~~r~rr oF Bergen ~ Before me personally appeared Georqe W~ Jacobi and ~ MdZY A• .1dCOb1 his wife, to me well known a~d known to me to be ~ !he individ~als described in and who executed the foregoing instrumeM, and acknowledged before me that they e~cecuted the same for the purpox~ therein expressed. And the said Mary A~ Jacobi ~ . ~ r _ G@Ol @ W. J8COb1 , upon a~ie~ltdt~-anil private ~ r:: e of the said - 9 ~ _•.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instruroent freely ana[volon- i~-,ly and wlthout any compulsion, constraint, apprehens~on, or fear of w from her said husband. c. ~ ~ , - ~ NlITNESS my hand and officia! seal this 27th _ day of ~ A• 9- 19-!Y ~ ~ - ~ ~ - • cr, . - otary Pubtic in and for the State ~o • ; My Comm~ssion expires: AUC~LIJi •,6,~ ' 1~~~~ ; Return To: a'• ' first Federal Savings 3 loan Associat~on J' , . Of Fo~t Rerce. ' For: Pn-rce, Florida ` ~ ' ' `_=f fILEO AM1= EcoROEo - ST.IUr~c LOUytr FU• ~ ° nr.' '^~:RAS - R..,,`-. r.. ~~IURT ~ This Instrument Prepared By J. H. Roberts~ JY. ~~~~F~K;'•',~.`~-~_ First Federal Savings 8 loan Association of Fort Pierce ~ Flozida ~E8 1~ a 2~ ~~j3 _ . Checked By,~- f~ c, Q r 24'762~L e~~~~210 ~:,:2109 ~ ,S ~ , ~ - - - ~ _ . ~a._ _ _ ~ . _ _ ._~_n