HomeMy WebLinkAbout2134 J. To plac~ ~nd contim~ously ?Np on ~M bui:d:nqs now Ot hN~ahN MfwN On f~~ INd Md On ~II tQvipn+M1 ~nd p~rw~11~ co+r~?~d bt? ~~9
p~. with ~11 p~miw~a ?hercon pa~d in fuil, fire inwr~nce in ~M usual s+ar+dud pol~cy fwen, in • tww ~po.ed br ~~R~G~~ ~ w:~da+o~rw
iruw~nc~ in tM vwal p~odard po1,q lan4 in a wm ~pprov~d b~ ftu MORIGAGEE, in wcA oa^i?M'~ w c~~es aa Na MORiGAGEE wulr
dir~di and all f'a~ ~nd wied~a.m waw~+c~ Polici~s on ~ny of ~a~d buiW~np~. ~ny inra~ tlw~in o~ part eFwwf, in H+~ p~.e9++e swa ~fassaid w
In uiau ~F~~of. ~MII conuin ~Fa usual ~tandard mor~9a~ cl+vs~ or s~+cl+ aMr c1~ N tM Mw~ypM may rpur~. nri~^Y H~ bu w+d« sad voli
cip. ~ach uid ~vNy. WYab1~ to uid MORiGAGEE a~tf imersst may ~pp~+~. ~nd e~ch and ~vKy wc1~ poiicy ahatl be ponWHt? usqned k+d deli,raed a
• ~ny Mld by said MORiGAGEE ~s (ur~ha security to s~id mortpp~ deW. ~nd. nw bss ~han ~ l10) dar~ in ~dranu of the ~jp~•~~~on d eacl~ po1+cY. a dr
IivN Io t~id MORTGAGEE •?~newal th~r~of, lopeth~r with • r~u~pt fo~ tM pr~miwn of s~c1? r~ntwal; and thtr~ shaU bt no fo~ a w~nds~w.w iruwa+c~ ~
pl~c~d on aey of ~aid buildinps. ~ny iMerest ther~in o~ part Mwreof, vnku in rh~ iwm and with tF+~ bas paysb4 as ~fores~id: and in ti+e ew~r +~w sww ~
of ma»y btcar~es payabl~ u~r wch policy o? polici~s said MORTGAGEf shall h~w tFr op~~on ~o rsceiw and apply tl+~ sa~n~ on account d ~he indeb~ed~ ~
nets secured hKtby w ~o pe*mit said MORTGAGORS 1o reuiv~ and vN N Or •ny part thereof Iw otiier purposes, w.+hout ~h:reo~ wai.i~q a N~~ar- 1
inq ~~y p~rity, Jia? a riqhl ~nder a by virtw of this mors~aq~j a~d in tM ~vem s+id MORTGAGORS sh+ll fa any reason /ail to ke~p ~he w+d ps~w:ses so ~
ins~~ed, a fail b d~livN promplly a~y of said policies of i~surae+u ro said MORiGAGEE, a fail promptly b p+y futlY anY P~eRUUm therefa a in a~fr `
~ respect fail w pNfwm, diacharge, execut~, effed, comple~e. comply wi~h and ~b~d~ by th~s ooven+n~. a+^y P+~ ~d IiWRTGAGfE m+tr pUo~ +~O
paY ior such inwrancs or ~ny pan thereof without waivinp a~ff~ctinp any opi~on, li~n. pv~~y, a ~qhr w~d~~ a by vi.tw o~ Nrs Ma~y+~e. +~d the
full xnount of each and every wch p+yment shall be immedutely dw and piY~bb +nd aMll bsar imeres~ from th~ tl~ereoi until paid a the raN o1
nir» pa tentum pN annum and to~etixr with such interest sMll be secu~ed by tlr Iwe? of this mort9ap~. i
1. To permit, canmit a sufie? no waste, Lnpa~rmet?t or deteriw~tion of s+id property or any p+rt the*eof• ~
Pe 1
S. To pay all ~nd sinyulu the coats, charges and expe~se~, includuq a reasonable ~ttorney i fe~ ar~d cosn of absa,as of titl~. "rrcuned a pa~d +t `
any time by said IVIORTGAGEE, bscause or in the ~vem oi ?he failwe on ~he p+n of ~M sad MORiGAGOR a duty, prornptly and fv11y p~?foren, d~sclw~
execute. effect. compkte, comply w~fh and ab:de by esch and every the stip~latans, sqreer*Knts, conditiau, snd oove*~+n~s oi sa~d pa.ussory nw~ +nd ~hu
mortga~e any a eithe~. a~d said costs. charges and expenses, each and every, shall be inrned'ute~y due +nd Wy~We: wherher a not rhers bt rwtice dr
mand, sttcmpt to co1tM w wit pending; ~nd the ful) ~mount of exh and every wch P+Yme^~ sh+ll bev imeres~ fran ~he daa tFwed umd Wid ~t t1~e
rate o( ni~e per centum per annurn; and atl aaid costs, charges and expenus inwrred or pa~d, together w~th suth ~maest, strll b~ secwed bY the Ikn oi tha
mort~ay~. ~
6. Th~t (a) in the event of any breach of this Mwtp+9t or defau~t on the paA of the MORTGAGOR, or (b) in the evenl +ny of s++d swns d rrwney
herein referred to be not promptly and fully paid within thiny (30) days r+ea~ after the aame seve~sily become due ~nd Wyabl~, without dsmand or no~ice,
or (c) in ths event each and every the stipulatioro, sgreements, cond~t7ons and covenants of sa:d promissory ra~e and th:s mwtyape ~ny a athe~ us na
iuly. promptly ~nd fulty perfwmed, discharged, executed, effected, wmpkted, complied with and abided `ay, then in either a any such tvsnt t!w i+d ~g
gregate sum mentioned in ssid promissory note then remainirg unpaid, with interest ~ttrved. and a11 moneys setvred hsreby, shall bctane dw ~nd pa/-
able fwthwith, or tFxreafter, at the option oi sa~d MORTGAGEE, as fu11y and completety as if afl of the sa~d wt*~s of nwneY +Ne?e w~p~^+~~Y st~pula~ed
to be paid on such day, anything in said promissory note or in this Morfgage to the coner~ry notwithstu~d;np: and thereupon w thereafte~ at the optan oi
sa~d MORTGAGEE. without ~otice or demsnd, suit at law a in equity, thcrefore or thereafier begvn, may be prosecuud as if all mo~ys secu~ed hereby
had matured pnor to ib institution.
7. That in the evenf that at the beginning of or at sny time pendirg any suit upon thia Mortgsge, or to fo.eclose it, o~ to reio.m 8, a b enforct
paymcnt of ~ny claims F+erev~der, said MORTGAGEE shall apply to the Court haring jurisdidion thereof io~ the ~ppointmtnt of a Rsteiver, suc1~ Cowt sh+ll
forthwith sppoint s reuiver of said mort9aged property all and singvlar, inc:udu+p a{I snd singular rhe income po(Hs, bsues a~ revenues frpn whataver
source derived. each ~nd every of which, it being exp~essly understood, is hercby mortgaged as if apeuficalty set foAh and-desor~d in dr ~rantirq +^d
habendum clauses hereof, and svch Receiver shal! h~ve all the b?wd and effective funct~oru and powen in snywise em~us/ed by ~ Cewt to a Reuiw, a~d
such appointment shall be made by such Court as an admined equity snd a rMtter of abso~ute right to said JNORTGJKsEE, and withovt ~efere*itt to ths
adequacy a inadeqvacy of the value of the property mwtgaged or to the sohre~cy o~_ insolYency o( sa~d MORiGAGOR or the defe.~dan~s, +nd iha~ wch
rents, profits, irxome, issues ~nd revenues shall be applied by such Reteiver actording to the I+en a equity of said MORTGAGEE and the prsctice d suth
Court. ~s
8. To dvly, promptly and fully perform, dixharge, execute, effect, oomplNe, comply w~?h and ~bide by ead~ and every the stipulations, spreemerds, (
conditiorq and tovenams in sa~d promissory note and this mortgage set forth_
9. That in the event the ownenhip of the mortgaged premises, or any part the~eof, becomes vested in a person other than the AiIORTGAGOR, ths
MORTGAGEE, its successws and auigns, may, without notice to the MORTGAOR, deal with such wcceuw o~ successa in ~ntlrKt wifh reference b this
mo~tgage and the debl hereby secured in the same manner as with Mortgagor w~thout in any way vit~atinp w d~sch+.ging the Mortyagors' liability herr
under or upon the debl hereby sec~~ed. No sale of the premises herrby mwtga9ed and no fabeuance on the p+n oi the N?OR7GAGEE a its s~xcessas
or augns and no extension of the time 4or the paymeM of the debt hereby secured 9iven by the MORTGAG£E or iti successws a assisro, sh+ll operaN
ro release, d~sch+rye, modify. change w ~ffect the original liability of the MORTGAGOR hntin, either in who4 or in put.
10. N is specifically agreed tMt time is of the essence of this conrract and th~t no waiver of a~ obl;gauon hereundei a af the oblipation ~e-
c~red hereby shall at any time thereafter be held ro be a waiver of the terms hereof a of the insuument secured herby. ~
11. In additio~ to the forego:~+g monthly payments of prirK pal and interest required by tF?e p~oe+~swry ra!e secwed F+ereb~, mortps~or tovenants
and agrees to pay to mortgagee with each momhly payment an add~~ional svm es~~rt+ared by mongagee to be eqwl to 1/12 of the annual cost of rhe fd{ow-
ing: i
A-AI! real properry taxes levied or assessed against the above describPd real estate.
i B-Premiums on fire and windstorm insurance as herein requ;red to be u~.ied on tfie improveme:+ls sitwte on the abwe dtsuibed premises_
~-Premiums on such mortgage guaranty insurar:ce as mwtgagee shall from t~me to time decm (it to u+ry on the loan seurred hereb/.
I Mortgagee shall from time to time nmify mortgagor in writing of the amouM due and psyabk herewder snd such w~++ shall therevpon be due and
Fayable on the due date of rhe next monthly payment and each successive momh thereafter ur.til mortgsgee s1w11 notify mwtgagor of • cha~ge in such ~
amount. Such sums sF.ail be applied by mortgagee toward the payment of reat property taxes, inswsnce prem:ums, and mutgage gwraMy irKUrance j
premiums. !
IN WITNE55 WNEREOf, the ssid MORTGAGOR has hereunto set his hand and sea) the day and yeu first aforessid. '
Siyned. Sealed and delivered in t presence of: - 'i~' -
~ ~~_~4 ~,.bs~ - - n
wi D ~ in t in q
-~,r'~--1 K ~ >
witness: PAUL ~POLINSKI ssie Feinstein ;
!
S7ATE OF ~ewo~? Michigan 1
}
couNn oF ~~E i
eefore me personally appeared Wllll~ E Feinstein and
Jessie R~instein his wN~, +o n+~ we~~ know++ snd known b me to bt
the individ~als described in and who executed the foregang instrument, and acknowledged before me that tF~ey executed the sarne fw the purposes ~
rherein ezpiessed. And the sa~' J SSle Reinstein :
w~fe of the ssid Willi~ E Feinstein upw~ • separate ~nd prnat~ ~
examinsY~on by me taken separate snd apart from her said husband, ~cknowledged to ~rd before me ihat she exearted said inttrurnent free{y and volurr
tarily and witho~t ~rry computs'an, constraint, sppreF~ension, w feu of or from her said husband.
WITNE55 my hsnd snd official seal this `L7th d~y of ~ A. O. 19_13.
~~+~C . u-
~ Notary Pub~ic in and for the ~Iilt~~~a~ ~~~C~gdll
~ My Connn~ssion acpires: g
Return To:
First Federsl Savings d~ Loan l4ssociation
Of Fort P~erce. PA~ TQ~~~~~ i
Fort Pierce, Florida ~TA~ ~8~~ G~•~~E ~~F:+,~N ~
YY OOMW~310N EI~IR£S APRIL 6. 1r76
~OMDf~ 1MR07GM Y-. c• . . .ISS~~,~f' .
~ ~i• ' ,
ffLEO ANO RE~~AQEO . ,
This Instrument Prepared By Ricbazd K. Kayes~T COUM -
First Federal Savings ~ Loan Association ROCEr ~a~TRAa ' ~
of Fort Pierce ~ Rlor ida CLER~t CiRCU~T COURT ~ ' ~ ' . _ ~
RECORp VER:i IEO ~ :
~
Checked By ~ ,M ` A • ; ~ .
.
d `t Z3 'l3 . ~
PM r.:,-.......•~•
1 . -
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