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Home My WebLink About0098 \ 3. To pisc~ and cont~nuously keep on the bui~dings now o~ herraher i~~ua~e on sa~d land and on all cq~~p~nYM and person~lly covered by th~s ma~g- sgs, wiih all prem~ums thercon pa~d in full, fire insurance In the ~ti~al sranderd poGcy form, in s ium approvcd by the 310R~GAGEE, and wlnds~orm insurar?ce in ths uswi standard pol~cy form, en a sum 'approYed by the MORiGAGEE, in s~cF~ company or compa~ies » ~ha MORTGAGEE may direct: and sll fire ~nd windstorm insurance polic~et on any ot sa~d build~~t, a~y fnte~e~t Iherein or part the~eof, in ~he aggrey~te svm ~fwesaid or in ~xcess ~hereof, ihall contain ~he usual srandard matgagee clause or such other clav~e ~s the Mo.?yagee may requ~re, making ~he loss u~drr •a~d po~r cie~, each and every, payab~s to said A10RTGAGEE as it~ interei~ ~nay appear', and each and eve~y iuth policy shall be Fromplly ais gned and de~~~c~ed to any held by sald h10RiGAGEE sf fw~he~ iecurity to said mortgaga debt, ~nd, r+ot leu ~han ten (1Q) days in advance of the e:pi,ation of eacF+ pol~cy, to ds- livtr to said MORTGAGEf a renewal fhereof, ?oget?xr wi~A • ~eceipl for the preR~ium o1 such rencwal; and there thall be ~o i~re o~ windseonn insuronce placed en ~ny of uid buildirys, ~ny interest therein or par~ thereoi, unleas in the form and with th~ loss payable as aforesaid; and in ~he event a~y svm of monsy txcwnes payable unde+ such policy w poficies wid MORTGAGEE shall Fuve ~he opl~on ro receive and apply the same on acco~nt o( the indebtrd- neu sKUred hereby o~ ro permit said MORTGAGORS to tecaive and use it W any pa~t IAereof fc~ other purposes, w~thout th;reo~ waiving o~ unpa~~• ing any equity, litn or right under a by virtue of this mo:tgage; and in ~he eveni wid MORTGAGORS thal! (or any reawn (ail to keep the said premises so insured, a fai! to deliver prompfly any of said policies of insurance to sa~d MORTGAGEE, a fail promptly ~o pay fulty ~ny premium therelo~ or in a~y respect fail ro pe~fo~m, discharge, executs, effect, comple~e, comply wi~h and abide by this covenent, a any part hereof, said MORTGAGEE may place a+~d ~ pay iw iuch inwrance or sny part thereof without waiving a af(ectirg any opGon, lien, equ~ty, a righ~ u~der or by vir~us of this Mort9age, and the ~ tull smounl of each and every iuch payment shal{ be inunediately dve and payable ~nd shall bear interesl from ths date lhereof un~il paid at the rate of ~~ne per centum per annum and ~ogether with such interest shali be secured by /he lien of this mortgage. 1. To permit, commit u s~ffer no waste, impairment w deteriorat~o~ oi said property w any psrt thereof. S. to pey all and sir~gulu the costs, cha~ges and cxpenses, ~ncluding a reasonable attwney'~ fee and cos~• of absi?act~ of title, incu~red or pa~d at any time 6y wid MOR1GAGfE, because or in the event of the failure on the part of the said MORTGAGOQ to duly, p~omptly and fu~ly perfprm, d~scharge, eaecute, effect, complete, comply w~th and ab[de by each snd every ths sr~pulahons, agreemeMS, condi~ion~„ and covenant~ of sa~d promi:sory note and thii mortgaye ~ny w either, and ~a~d cos~i, tharges and expenses, each and every, shall be immediafely dJs and payable; whe!her p not there be notice de mand, attempt 1o coltect w suit pend~ng; and the full amovnt of each arxl every suth payment ihall bear inrerest from Ihe dats ths~eof un?il paid at the rarc of nine pe~ centum per annum; and all said costs, charges and eapenses incurrcd or paid, ~ogether w~th wch inlerest, shall be setured by ihe lien of thls mwtgag~. 6. That (a) in the event of any breach of this Mortgage w deFault on the pa?t of the MORTGAGOR, w(b) in the event any of u+d iums of money ~ herein referred to be ~of promptly and fully pa:d with;n thirty {3p~ daya ~ux~ aieer ~he same sevcratly become due end payable, withovt demand o? notice. or (c) i~ the event each ~nd every tF+e stipulatlons, agreemenls, cw~ditions ar.d covenants of sa;d promissory note a~d th~a mor~gage any o~ either are not ; ~uly, promptly and fully p~~(wmed, d~uharged, executed, effected, complered, complfed wirh and abided ~y, tF~en in ei~her or ~ny such evenl the sa~d ag ~ g~egate sum me~tioned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dve and pay- able forthwith, or therea4ter, at the opt~pn of said MOR~GAGEE, as ful!y and compfete~y as if ai{ o~ the said sums of money were o~igina!!y st~puiated ro be pa;d on svch day, anything in sa:d prom~ssory note a in this Mwtgage to the contrary notwithstanding; and ~hereupon a thereafter a~ the opt~on of said MORTGAGEE, witho~t nohce w demand, suit af law or in equity, therefore or thereafter begun, may be prosecuted u if all moneys secured hereby had matured p~~or to its instiiwion. T. ihat in the event that at fhe beginneng of w at any lime pending any suit upon thi~ Mortgsge, or to fweclose it, o? to reform it, or to enforce payment of any cia~ms hereunder, wid MORTGAGEE shall apply to the Court having jurisd~aion thereof for ihe appo~ntmen~ of a Rece~ver, such Court sha11 Forthwith appoint a receiver of said mortgaged property att and singular, inctud~nq atl arsd singutar the Income, profbs, issues and revenues from whatever ! :ource derived, each and e~ery of wh~ch, it be~ng expressly underseood, is hereby mortgaged a~ if apec~Iically set forth and desnibed in the gran~i~g and habendum clsuses hereof, and such Receiver shail hare a11 the broad and effective funct.ona a~d powers in anywise entrusted by a Gou~t to a Receive~, and s~ch appointment shaH be made by such Cowt as an admitted equity aix! a mauer of absolute right to said MORiGAGEE, and withoul refe?e~ce to the ? adequaty w inadequacy of the value of the property rreongaged or ro the so.vency o~ ~nsolvency o4 said MORiGAGOR a the defendants, and ~hat such : renrs, proiits, income, iuues and revenues shatt be sppSied by such Receiver accordnig to the leen:or equity of said MORTGAGEE and the practice of such # CouA. . ~ 3 8. To duly, promptly ar,d fully perform, discharge, execute, ef[ect, complete, compty with a~d abide by each and every the stipulatioru, agrcements, i conditions and wvenants in said promissory nofe ar.d lhis morrgage set forth. ~ 9. That in the event the ownership oi the mortgaged prem~ses, or any part thereof, becomes vested in a person othM than the MORTGAGOR, the MORTGAGEE, its iucceuors and assigns, may, wi~hovt rw~Ke ~o ~he MORTGAOR, deat with such succeuor or succeswr in interest with reference to this mo~~gage and the debt hereby setured in the same manner as with Mortgagor without in any way viliating w d~schargirg the 1Nortgagori liabi:ity hcrr # under a upon the debl hereby secured. Ne sale of the premises hereby mongaged and no forbearance on the pan of the MORTGAGEE o? its sutcessors ~ or assigns and no exte~sion of the t~me fa the payment of the debt hereby secured given by the MORTL',AGEE or its succeasors or au~gns, ahail operate ro release, d~scharge, modify change or affect the original liab~l±ty of the MORTGAGOR herein, either in who~e w in part. i t0. Ir is spec'rfically agreed rha~ lime is of the essence of this contraa and thal no waiver of any obligatipn hereunder a of the obligation se- - cvred hereby shafl at any time thereaiter be F:eid to be a waiver of the terms hereof w of the instrument secv:ed herby. ? r 11. In add~tion to the foregor.g momhly paymen+s of princ'paf-and inte~est requ~:ed by the prom;ssory note secured he~eby, mortgagor covertants and agrees to pay ro mo:tgagee v~;th each monrhly payr~~enf an add!ional sum est~maeed by mortgayee to be equal to 1/ 12 of the annual tost of the follow- :n~; A-All real property ta,crs lev~ed or assessed agai-,st the above described real estate. B-Premi;e:ns on fire and windsto~m insurar.ce as nerein ~equ;red to be carried on the improvements s;tuate on fhe above described premises. _ G-Premi~ms on such mortgage guaranty inwrance as mortgagee s!~atl frem rlme to time deem fit to carry on the ban secured hereby. ~ Mortgagee shafl from t~me to t~me nctify mortgagor in wr~t~ng of the amo~nt due and payable heteundrr and such surn shall thereupon be due and cayable on the due date of the next month:y payment and each successive mar,th thereaftcr ur.til mortgagee shail notify mortgagor of a change in such a^~ount. $uch sums sFail be applied by mortgagee towa:d the payment of real property taxes, irtsurance prem:ums, a~x! mo~tgage guaranty insuraoce premiums. IN WIT~JESS WHEREOf, the said MORTGAG~R has hereunto ut his har.d and seal the day and ye r first afwesaid. Signed, Sealed and delivered in fhe preser,ce of: ~ 1 - /w"^'Yr, e ~Seal) :y ~ t i!@ S• ~L. Rr t tSesq ~ ~ ~ f ' L. ~ ' SSeaq 4 ; witn '-ti r- Carrie A. Labato i~sq ~ ~ STATE OFiCOwlOfi NBW YORK ~ j k ~ i ' COUNTY OF i 6 ' + ~ Before me personally appeared F=atlk ~ I.~beit0 ' a~d ~ Cd!!1@ A• 1.8bdt0 his wife, to me well known and known to me to be ~ the indiriduals described in and who executed the foregang instrument, and ncknowledged before me that they exetuted iha same for the purposes rherein exprtssed. And the said ~=rl@ A. ~bdt0 ; N~fe of the said Frank atT Labato upon a separate and privafe - examinat~on by me taken separate and apart from her said husbarid, acknowledged to and Ixfwe me tbaf she execvSed said instrument freely and vol~rr F ~ariiy and without any compulsion, constrai~t, apprehensioy,, ~ fear of ot from he id husband. • ' WITNESS my hand and offic;al seal this ~J day of ~ A. D. 19~_ ~ ~ i Notary Public in and for the State of~ at large " ; My Commission expires: AIQw York ; Return To: - 7:':M' ..~~::f~...,,. ! First Federal Savi s d~ loan Associat~on • 43 a., ~ i ~ t'IOf]Fy c, ' • ~ . ~ ' T i'•1 n ~ 4. Of fort P erce. ~ ' ~ .:r ri Y.lF, . ' ~ Fort Pierce. Florida t f " ~ _ . . . QL'.. ~ . . r_.r! sr. .•~~ar •:~,4.7yr_ : . ; ~l1T1 [7jp~.~t.Ndl:.~4 ~'~iilr.('.~(; ~ ~ ~ f _ ; . J~~ )~4} = . I~f' ~ This Inst~ument Prepared By J. H. RObextS~ JZ. F~LEO A!yp pFCO~Q~~ ~ ' First Federal Savings 8~ loan Association . ST. LUC.E ~p~.yTY f~A. . ~ ; of Fort Pierce~ Florida ~~~R~'r'~F "'~~~P~S 1 C:.:~t1i1 COJRT ~ ~ • RFr,p~C VE::IFf~n - Checked By ~ ~ ` ? ; , Ju~ 1 12 u3 PH '73 aooK 215 ~a~E 98 - ~ . 25~25~ ~ . - - _ _ _ - - ~ ~ ~ - - ~ y~ : ~ v _ . e~.~ „s . , ,~~~r~~~.~