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HomeMy WebLinkAbout0466 3. To place and continvously keep on the bui:ding~ now w hereaft~~ situate on seid land and on all equip~nent and pe.so~aliy covered by fhis mortg~ age, with •II premivmi ~hercon pa~d in full, f~re insurance in the u~uat sfandard po~icy form, in s sum approved by the MORiGaGEE, a~~d windsto~~n insursnce i~ tM usual •~anda~d pa~~cy lam, in a ium approvcd by the MORTGAGEE, in i~ch co+npany or companies as the MORTGAGEE may direclt +nd +II tirs and windstorm insurance poliues on any of ~aid build~ngs, any Inte~est ~herei~ o~ put thereoi, in ~ha aggrryate sum aforesaid a in ~xceis thereoi, ~haQ conrain ~he u~ual ~tanda~d mwtgagse clause a such o~her clause as the Mongagee may rcquue, maAing the loss u~+de+ sa~d po~i- cies, each and ~very, payable to said MORTGAGEE as ~ts iNerrst may appear, and each and eve~y tuch policy shall be promp~ly ass gned and del~ve~ed ~o sny held by said MORIGAGEE as fu:ther security to sa~d ~nortgage debt, and, not less than ~e~ (i0) days ~n adva~xe of the ezpiration oi each policy, to da live~ f0 faid MORiGAGEE a renewal thereof, Iogethtr with a receipt iw the prenium of such renewat; and ~I~ere shall be no fire or windsto~~n insurante plactd on any of said buildings, any interest therein w part the~cof, unless in the form and with the los~ payabis as a(oreiaid; and in ~he evenl any sum ~ of money becomes payable undtr suth polity w policies uid MORTGAGEE shall have ~he option 1o receive and apply the ume o~ atcounl of the indebted- i ness secured Ae?eby w ro permit eaid MORTGAGORS to ~~eive and use it a any part thereof ior o~her pur;~~ses, .v~~ho~t ~h_~eo~ wa~v~,i,~ or u~~pa~~- ~ 7ng a~y eq~~ry, lien w r~gh~ under or by virtus of this mo:sgage; and~in the ever.t ~a~d MORTGAGORS shatl fa any reason iail to keep the said premiset so ` insured, w fail to de~iver promptly sny of sa~d poGcies of insurance to said MOR(GAGEE, o~ fai! promptly ~o pay (ulty aoy premwm therefor a in a~y } respect fsil to pe~form, diacharge, execute, effect, complete, comply with and abide by this covenant, a any part he:eof, uid MORTGAGEE may plsce a~~d pay fw such iniurance or any part thereof without waiving w alfecting any option, lien, equ~ty, or right unde~ w by virtue of this Mw~gags, and ~he full unovnl of each and every tuch payment ahall be immed~ately due and payable and sAall bear interest from the date thereof u~~il paid at the rate ol nine per centum pe? annum and toge~her with such interest shall be secured by the lion of this mortgage. 1. To permit, tommit or ~uffer ~o wasle, impairment or deterioration of said property w any ps~t thereof. 5. To pay all and iingu~sr the costs, charges and expenses, including a reaso~able attorney i fee and costs of abstracts of title, incu~red w paid a~ ~ any time by said MORTGAG;E, bccause a 7n the event of the fa~lure on ~he parl of the said MORTGAGOR to duty, prompily a~d fully perform, d~uharge. i execute, effect, comp~ete, tomply with end ab:de by each and every the stipulations, agreements, conditions, and covenanls of said promissory note and this morrgage any or e~ther, and u~d costs, charges and expenses, each and every, shall be immediately due and payabte; whe~her w not ~here be notice do- ; mand, attempt to collect or tuit pend~ng; and the futl amount of eath snd every svch payment ahall bear interesl trom the date thereof until paid af the ? .aee of nine per ceMum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by~the lien of tha mwtpaqe. ` b. That (s) in the event of any breach of this Mortgage or deiault on the part of the MORTGAGOR, or (b) in the event any of sa:d iums of money herein referred to be not promptly and fully paid within thirty (30) days next after ~he same severatly become due and payable, without demand or notite, or (c) in the event each and every the stiputa~~ons, ag~eements, conditions and covenants oi sa~d promissory note and th~s mwtgage a~y a either are not iuly, prompNy and fully perfwmed, d~uharged, executed, elfected, completed, compGed wiih and ab~ded by, then in e~ther o~ any aucA eveM the sa~d ag~ gregate sum rmntioned in said promissory note ~hen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, o? thereafter, at the opt~on of said MOR:GAGEE, as fully and completely as if all of the sa~d sums of money were or~ginally stipulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mwtgage to the contraiy notwithstanding; and ~F~ereupon or thereafter at the oprion of said MORTGAGEE, vrithout not~ce or demand, suit at law or i~ equity, thxrefo~e w thereaiter begun, may be prosecuted as if all moneys setured hereby , had matvred pr10r 10 ~ts institution. ~ ~ 7. Tha1 in the event thal at the beginn~ng of w at any time pending any suit upon this Mortgage, w to foreclose it, or to ~eform it, w to enforce ~ payment of any claims hereunder, said MQRTGAGEE shall apply to the Court having junsdiction thereof fw the appointment of s Receiver, such Court shall Ferfhwith appoint a receiver of said mo~tgagrd property al! and singular, includ~ng all and singvlar tfie income, profits, issues and revenues from whatever s.urce derived, each and every of wh~ch, i~ be~ng expreuly undersiood, is he~eby morrgaged as if speufically xt forih and dexribed in the g~anring and habendum ciauses hereof, and such Receiver shall have atl the broad and ef(ective f~nct~ons antl powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absaute right to said MORTGAGEE, and without reference 1o the adequacy w inodequaty of the value of the p~ope~ty mwtgaged or to the sowency or insolvency of 'satd NWRTGAGOR a the defertdants, and that such re~is, profits, income, iu~es and revenues shall be applied by such Receiver accordmg to the tien or equity of sa~d MORTGAGEE and the practice of such Courf. 8. To duty, promptly and fully perform, discharge, execute, eitect, complete, canply with and abide by each and every the stipulatcons, agreements, conditans and covenants in sa~d promisswy no~e and this mwtgage set for~h. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, betomes vested in s pcrson other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, w~thout notice to the MORTGAOR, deal with svch succeuw or successw in interest with refere~ce to this morrgage and ~he debt hereby secured in the same manner as with Mortgagor witho~t in any way vitiating or d~xharging the Mwtgagors' liability here- under w upon the ciebt hereby sec~red. No sale of ~he premises hereby mortgaged and no torbearance on the part of the MORTGAGEE or its successors or ass~gns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~9ns, ahalt operata ro release, d~scharge, modify change w af(ect the original liab~lity of the NIORTGAGOR herein, either in whole w in part. 10. It is specificaily agreed that time is of the essence of this contrac! and that no waiver of any obligat~on hereunder or oi the obligation sr cured hereby shal~ at any time thereafrer be he:d to be a wcaiver of the terms he~eof p of ihe instrument secured he~by. ll. In add~tion to the iwego:ng month!y payments of princ'pal and inte~est required by the prom;ssory no~e secured hereby, mortgagor covenants and agrees to pay to mo.tgagee w~th each momhly payn:ent an adJ~rional sum est~mated by mwtgagee to be equal to lj 12 of the amwal cost of the follow- in~: i A-All real property taxes lev~ed or asseszcu agai~ist thc above describcd real estate. - ~ B-Prem;ums on fire and windsrorm insurance as here~o reqv~~ed to be carried on the lm;.rovements situate on the above described premises. i C-Premiums on wch mortgage guaranfy insurar:ce as mortgagee shail (rom t~me to time deem fit to carry on the loan secured hereby. = f ' Moftgagee shail from t~me to t~me noriiy mortgagor in writing of the amount due artd payable hereundrr and such surn sha? thereupon be due and ~ i ;.eyabte on the due date of rhe r.eat month:y payment and each successive moNh thereafter ur.tii mortgagee shall notify mortgagor of a change in such { ~I a~,oum. Such sums shali be appGed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance I n~emiums. E IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and r first afwesai • E Si and delivered in the presenct of: ~ . ~ - ~~Zt~-~ ~ 73~~~.,~ f ~ witness: ~ . Ro o C. Baiit n • ,q ~ 'v j'~'(Seaq ~ witness: Lourdas D. Baliton rs~an ~ ~ ~ STATE Of N6W YORK ~ S5. ' COUNTY OF K/ A~S ~ ~ Befae me perwnally appeared RO~O C• Bal~tOtl ~ and Lourdes D. BalitOA his wife, to me weil known and known to me to be ~ the individuals desuibed in and who executed the foregoirg instrument, end acknowledged before me that they executed the same for the purposes j ~ rherein expressed. And the said Lourdea D• 6311tOA ~ ~ +.~fe of the said Roaeo C• Bal1tOA upon a xparate and private examination by me taken separate and apart from her said husband, xkrawledged to and before me that she executed said instrument freoly and voluo- ~ ~ ~anty and without any compvlsion, constraint, apprehension, q fear oi or from her wid husband. r WiTNESS my hand and offic~al seal thii y L1 day of A. D. 19~ a'Y ~ " Notary Public in and f State of lat~ ~f New Yo~tk~ .,,~,.,.,J; ' j ; _ My Commission expir : , ~ . ~ . eet„~~ To: J. H. Roberts, Jr. ~,.:p ~ - RICHARD R. 1ACKAIA ~ , = Fint Federal Savings ~ loan Assxiation tioWry Public, State of New Yorf[ ~_I~ s7 ' a of Fo,~ P:~«~ Florida No. 24-705p430 ~ . , fort P~erce, Ftorida Qualrf~ed in Km9s Counfy ''`t 4`~ ~f `~'r"~~ ~-S~ I ' f u t dKaie I~led in New York County - is''-` 7~ j • V`' Corission Expires March 30, 1974 = ~ ~,t ~~,+Et-= _ J'. . t - - • " ~/~:~~!?•i J=,ti T ~ This Instrument Prepared By d. H. RObe2'ts~ Jr. . ~~~n ehn ~~c~~o,F~ ~ ~ First Federal Savings & Loan Association st. ~ucir couwrt .;~fl~ t~ of Fort Pierce~ FI02'ida RGGE~ ~~:n!~s . C! ER~ i,:',~Wt CflURT " Checked By ~ R~~~''~ YI'P!?iEO ~ kM ~ aoac~~ ~ •kMi ! 1 9 34 AH '73 ~ ' ' . 256480 ~ - . . t ~3~~ ~ "~*;€',r.'~3. a'" ~~s ~,..3, ~ - ~ ~s~ ",~~c;;~~~'~~~ .s.'~.' § r ~ :~.~i e. _ ~:.~~~~~~~°t~~~ _ ~ . .