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HomeMy WebLinkAbout2335 To pix~ ~nd conunuousty keep on the bui'dings ~ow or he.eai~~r ~~w~e o~ sa7d tand ~nd on all equipmsnl and pawn~lly covared by this mor~~ p~, with ~It premiums tAereon pa~d in fuil, I~re ins~~~~c~ in the ~sual uandard potKy form, i~ a tu~n approved by tM MORIGAGEE, and winditwm 1~sws~c~ In ~Ae uswl s~andard pol~cy iorm, i~ ~ wm app~oved by th~ MORTGAGEE, in tuch company w compan~as ~s th~ MORiGAGEE may di~K~; and all i'ae u+d w~nds~um inwrancs policie~ o~ ~ny of faid build~nps, ~ny inbrs~l thsrein ot parf therepf. i~ tM ~re9a?e sum afassaid or in ~zceu thereof, iMft coniain ths u:wl ita~da.d mwtpapes clivs~ or iuch o~he. clwss ~i 1he Mor~y~ge~ may ~p~u~, makinp the tou u~dcr ~a~d poli- c~, exh u?d twry, payabl~ b said MORTGAGEE as ih intere~t may +~pp~ar, and each and e~c+y ~uch policy sMll be promptly ass flncd and delivered ~o any held by s~id MORiGAGEE ~s fur~her security ~o sa~d mon9aye debt, a~+d, not leu than ten (10) days in idvance of ths expiration of e~ch policy, to d~- IivK lo said MpRiGAGEE • r~newal thereof, toge~har wi~h a rKeipt fa the premium of such renewal; and there ~hall be no fi~e o~ winds~wm insuranc~ pl~ced on ~ny of taid buildirgs, any interest tF+~rein a part the~eof, unleas in tht fam and with ~M loas psyabl~ u afwesaid; and in the evtnl any sum of money becornes payable under such policy w policies uid MORTGAGEE shall have ~he option to receive and apply the same on account of tM indebted- neu aetured F~eby w to permil said MORTGAGORS to receive and v~e it p an~ part thereof fo~ othcr pu.Ewses, witMut tha~cb~ wai~i~g o~ unpair- in~ +ny pviry, liee p right urKk? w by virtue of this mo::yayst and in the avent ~aid MORTGAGORS ihall for any reason fail to keep ~he sa~d p~emisrs so inwred, o~ fail ro deliver ptomptly i~y of said policies oi insurancs to sa~d MORTGAGEE, or fail promptly lo pay fuily any pre~nium therefor a i~ any respect fail b pe~tam, d~scharge, executs, ef(eq, complats, comply wi~h ~nd abide by this covenant, w sny part hereof, said MORTGAGEE may pl~ce and pay ta suth inswants o~ iny pirt thereof without waiving or ~ffettinp a~y option, lien, equity, w ~ight undet or by virtue of Ihis Matga~e, ~nd t!?e f~ll amount of tach and every :uch payment shall be immed'utely due and payable ~nd shall besr interes~ from ~hs date thcreof un~it paid at the ~ate of n~ne pe~ centum pei annum and fogether with tuch inte+est shal{ be secwed by ths lien of this mwtgage. To permlt, commFt a wffer no was% Imw'urrKnt a deterioration of said propcry or any part thereof. 5. To pay stl and singulsr the costs, charges and expenses, includinp a ressonable attwney's fee and costs of abstracts of title, incurred p pa~d at any time by said MORTGAGfE, because or in the event of the faiiure on the part of ths said MORTGAGOR to duty, prompUy and fully perForm, d~scharge, execute, effect, comptete, comply with and ab:de by each and every the stipulatiorts, agreements, conditions, and covenants of sa~d promissory note and this mortgage any or either, and uid costs, cMrges a~d expenses, each and every, shall be immediately due and payabte; whetF+er or not there be notice d~ mand, attempt to collect w suit pending; and the fult amount oi each end every such payment shall bea? interes~ from Ihe date thereof u~til paid at the ' raie of nine per centum per annum; a~d all said costs, cha~gcs and expenus incurred or paid, togethtr w~th such imerest, shall be secured by the litn of this ~ mortp~. , Q Thst (a) in t1?e event of any breach of this Ntatgsge or defavle on the part of the MOR7GAGpR, a(b) in the event any of said sums of money j herein ~tferred ~o be not promptly and fully paid within thirty (30) days next after the same uverally become due and payable, without demand o~ notite, or (c) in the event each and every the stipulations, ayreements, condirions and covenants of sa~d promiuo~y ~ote and tA~s mortgage any or either are not ~uly, prompdy a~d fully pe~fwmed, d'+s~harged, executed, eifetted, completed, complied with and abided by, then in either or any such eveM the said ag gregate sum rn~nYqned in said promissory note then remaining unpaid, with interest xcrucd, and all moneys secured here~y, shsll become due snd pay- able fwthwith, or thereafter, at the opt~on of said MORTGAGff, as fully ard completely as if a!1 of tt~e said sums of money were wiginatly st~pulated to be pa;d on such day, anyth7ng in said promissuy note or in this Mortgage to the contrary notwithstanding; and thereupon w thereatter a? the op~ion of said MORTGAGEE, without notice w demand, suit a1 Iaw w in equity, the~efore or thereafter begu~, may be prosecuted as if all moneys setured hereby had matu~ed p~~w to its institurion. 7. That in tl+e event that at the beginnirg of w ~t a~y time pendirg any suit upon this- Mortgage, a to fweclose it, o? to reform it, w to enfwce payment of any claims hereunder, said MORTGAGEE shalt apply to the Court having jurisdictio~ thereof fa the appointment of a Receiver, such Court shall forthwirh appoint b receiver of said matgaged p~epe~ty a11 and singular, inctud~ng all and singular the income, profils, iuues and rovenues from whatever wurce dmived, each end every of wh~ch, it being e:pressly unders~ood, is hereby mw~gaged as if speufically set fath and destribed in the granting and habendum clauses hereof, and such Receiver sFwli F?ave all the b?wd and effecrive funchom and powers in anyw~se entrusted by a Court to a Receiver, and tuch appointment shal! be made by such Court as an admitted equity and a matter of a~soluta ripht. to said MORTGAGEE, and without reference to the adequaty p inadequacy of the value of the property mortgaged w to the solvency w insolvency ofiaid MORiGAGOR ur the defenda~ts, and rhat such renrs, profits, incortie, iuues and revenues sha11 bs applied by such Receiver according to the tien or equity of said MORTGAGEE and the ~Mt1C6 Of such COUff. . 8. To duly, promptly and fvlly perform, discharge, execute, effetl, mmplete, comply wi~h and abide by each and every the stipu(ations, ~agreements, conditans ~nd covensnrs in sa~d promissory note and this matgage set forlh. ~ 9. Thaf in the event ~he ownership of the mortgaged premises, or any part the~eof, becomes vested in a pe.vson other than the MORTGAGOR, fhe M.ORTGAGEE, i~s successws and ass~gns, may, without notice to the MORTGAOR, deal wi~h such succcuor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit;ating or discharging the Mortgagors' liability herr under or upon the debt hereby sec~red. No sale of the premises hereby mortgsged and no forbearance on the part of the MORTGAGEE or its successws or assigns and no extension of the time for the psyment of the de6t hereby secured given by the MORTGAGEE or its scrccessws w assiqrts, shall pperate ro release, d~xharge, modify change or af(ect the original Iiabil~ty of the MORTGAGOR herein, either in whole a io part. 10. N is spec~fica~ly agreed that time es of the essence of fhis contract and that rx~ waiver of any obligat~on hereunder or of the obligstion sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hrreoi o~ of fhe instrument secured herby. I1. In adduion to the forego:ng monthty payments of princ'pal and interest required by the promissory nore secured hereby, mortga~or covenanls and ayrees to pay to mortgagee wi:h each month{y payrnent an addiiional sum estimated by mortgagee to be equal to 1;~12 of the annual cost of the follow- in~: A-All real property faxes levied or assessed against the above described real eatate_ B-Prem~ums on fi~e and windsrorm insurrnce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guarsnty insurar,ce as mortgagee shall from time to time deem fit to ca?ry on the loan secured hereby. Mo~tgagee shall from time to time notify mortgagor i~ writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due cate of the next monthty payment and each successive month thereafter urtil mortgagee shall notify rrwrtgagor of a change in such amount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance p: emiums. IN WtTNESS WHEREOF, the said MORTGAGOR has hereunto set his harsd and sea) fhe day and year first afwesaid. Signed. Sealed and delivtred in the prese~te of: ~ . witness: ' , ~ - ~ 0 aq witness: „(t~~, _ ,,,,Q Ena P~naiole - - STATE OF iiARFW~F /(~t'~(,t! S5. ~ tOUNTY OF ~D 4A- ia/ D ~ eefwe me persona!!y appea?ed ~xald Mungiole ~ and ~ Bfla Ml1Aal01@ his wefe, to me well knowe snd known to me to be ~ the individuals described in and who executed the foregoiny instrument, and acknowledged before me that tF~ey executed the same fw the p~rposes rherein expressed. And the said E118 Munaiole - wife of the wid Gerald Mungio2e vpon a separate and private examinaYan by me taken separate and apart from her said husband, atknowledged to and bef ine that she execwed said instrument freely and volum rarily ard without any compulsion, constraint, apprehension, ~ar of or from her said hus . W.IT)f1~SS~ny.hand and official seal thi: day of Y11 A. D. i97~ • 11 - ~G uG~,-~ ~ J' ~ ~ ~ • - M ye , : ;1~i14 ~;p 4~-. . . . f3rst Fed~t~J ~Savi •:b_lopn Association GEORGE A. :lOHi~S~~l ~ Of Fo,~:P~erce. - MyCommissionExpireSMar.30,19~ fi . V~; ~L P. f%~~da Notary Public in the State of New yprk <~O'••.:...••': J~~ ~O~(.5t/T~ D ! ~D~n/~ ~ ~ ~1~Ci ~ ~~'1`Ri's'~Instrument Prepared By Gary R. Ell~roOd ~ First Federal Savings 8 Loan Association rk~a ~~g ~tfC4~0 i of Fort Pierce , Rlozida - :T U~ti[ ;,Lp~~• Ft~l t RGC"_:r ~r:TRAS tLERK C;~:;~T ~~URT Checked BY ~ Pf~OR~ v~~;. :E~! ~ 4 t9 PN'T3 ~ a~~~~13 ~~E2;~i~ ~ 253631 ~ ~ ~ ' - - _ _ ~fi~:~~~-~~ v.,