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Home My WebLink About1306 To ptac~ and con~inuousty keep on the buitdingt now or here+fter situste on said I~nd and on ~II equiprnent and pK~onally cover~d by Ihif mor~9- ag~, wilh d) prsmiums thareon pa~d in full, iire in~urance in the vsusl ~~andard policy to~m, in a sum approved by ~ht MORTGAGEE, and windstorm insuranc~ in ~he usual ttandard pol~cy fam, in • sum ~pprov~d by ~M MOR1GAGff. Fn ivth tanpany or compani~f ss tM MORiGAGEE may di~ettt and all (ir~ ~nd windtlorm insur+~te policies on a~y of said build~rgs, any intere~l tlxrein or p~rf the~eol, in 1h~ a99regate tum ~faeaid Or In ~xcess the~eof, sMll ca+tain IM usual stand~~d matpspte claus~ or iuth other tlaus~ at tM Mwt~~ges may requiro, ma?inp tF~e loss under ia~d polF ci~s, ~ach and ewry, payable ~o t~id MORTGAGEE a~ its interes~ m~y appsar, and eacA and eve~y such poticy ihatl be promp~ly ass.gned ~nd delive~ed to ~ny held by ssid AtORiGAGEE ~s fvrther sccurity to iald mortgag~ debt, snd, not leu ~Mn ten (10) days i~ advancs of fhe txpir~tion of e~ch poticy, to dr liwt to aaid NtpRTGAGEE a ren~wal therwf, tope~t»r with • receipt for the prrmiu~ of ~vth renewalJ and ~here sMll be no f~re or wlnd~torm insur~nc~ plaud on •ny of iaid buildin~, ~ny imerest thtte~n a put 1lxroof, vnleu in tM fam ~nd with IM lou payabls as afw~uid; ~+d in the ~vtnt any s~m . of rtwn~y becomea payabie v~da such policy or policits said MORTGAGEE thall Mve ~M op~ion to roceive and epply the same on account of ~he indeb~ed- nau fecured ht~~by o~ to petmi! said MORTGAGORS to reteive and ~ie i1 or any pa~t thereof for othcr pu~poses, .vi~hout th~rEU/ wa:ving w~mpair- inp a~y puiy, lie~? w r'~ght unde~ or by virtue of thts mo:`psge; u+d in tM uvent ~aid MORiGAGORS ahall for ~ny reason fail to keep ~he said premises w ~ insured, ot fail ro delivsr promptly ~~y of aaid policies o/ insurancs to said MORTGAGEE, w fail promptly to pay fully any premium therefor or in any respact fail lo pNfwm, discharga, execvte, effed, tomnte~e, comply with s~d ~bide by thit covanant, or any par~ he~eof, taid MORTGAGEE may p~+ce a~.d paY fa such inwrenc~ w ~~y part thereof w~~hou~ w+iving o? ~ffecti~p any op~ion, lien. pu~ty, w r~gh~ under or by vi.tw of ~his Matyaye, and the , ful! amou~~ of each and tw~y such paymsnt ~hall be immediately due and payabl~ ~nd shall besr interest from the dat~ thereof uR~il paid ~t tM rat~ ot nine pe~ ce~tum per a~num and together with i~ch interesi shall be secured by tM lien oi this mat9ape. 1. To permit, oommit or suffer no waite, imp~irment w deteripration of seid ptoperty ot ~ny pa~t thareof. 5. To pay stl ~nd ainpulu ths cosri, cMrges a.~d expenses, inctudirg s reasonable attorney i fee and costs of abitrscn ot ti~la, incurred o~ pscd st any time by said MORTGAGfE, because a in the ~va~t of ths failura on the pa?t of the aid MO~TGAGOR to duly, promptly and futly perFwm, d~xhsrg~, y exetute. eitecl. tanplct~, compty with and ~bid~ by ~ach and every the stipulatioru. sgreements, eondifioro. and oovenann of said promiuory nols and ihii j mor~gspe ~ny w ei~her. and sa~d cost~, charys~ and sxpenses, each and every, ihall be immedialely due and pay~ble: whe~her or not thero be norice da mand, attempt to tollatl q wil pe~?diny; and tM fvll amounl of each and wery such p~ymeN ihall bear interest from the dale thereof unlil paid s/ the rare of nine per centum par annum; arx! all iaid costs, chargei snd expenses incurred a paid, together w~th such interest, shall be aetu~ed by the lieo of tha mortpap~. 6. ?hat in the ~vent of any breach of lhia Mortgay~ or default on tM part of the MORiGAGOR, or (b) io ths event sny of sa~d sums of money j herein ~efNred to be not promptly and iully p~id within fhirty (30) days nex~ afta ths same severally betoms d~e +nd payable, without demand or notice, ; or in the evem esch and every the itipulations, agreemenb, conditions and covananta of sa~d promissory note and th~s mortgage a~y a eithsr a~e no1 iuly. promptly and (ully perfwmed, d~scharged, executed. effected. completed. complied with and abided yy, then in eirher or any such eva+N the iaid aQ~ gregste wm mtntioned in sa+d promissory note 1he~ remaining unpaid, with inte?est accrved, and all moneys sec~red hcreby, shall Eeton+e due and pay~ able forthwith, a theresfter, at the option of said MORiGAGEE, as fully and completely as it all of ~he said wms of mo~ey were orgin~lly st~pulated to be paid on such day, anything in sa:d promissory note a in this Morfgage to the contrary notwiti~srsnding; and thereupon a thcreafter at the opt~on of said MORTGAGEE, without notice w dcmand, suit at law or in equity, therefore w thereaiter begun, may be proxcuted as if all moneys secured hereby had maturcd prwr to its institWion. 7. Thst in the eveM that at the beginning of w at any time pending any su~t upon rhis Mortgs~e, q t0 fwedose it, w to refwm it, w to enfo~cs pay:nenf oi sny claims hereunder, ssid MORTGAGEE shall apply to the Court having jurisd~aion tF~ereof fa "1F~ appointment of ~ fjeceiver, svch Court shall ~ forthwith appoint a rcceivei of said mwtgaged property all ~nd singuia?, includ~rg all and singu(ar.Ihe income, profiri,~iuuss and revenues fiom whatever wurce derived, each and every of which, it b~irq e~epress~y unders~ood, is hercby mo~tgaged as if spec~(ically ut fwth ind dlWi~ i=1 tF~Q Qf~ntin9 and habendum clauses hereof, and such Receiver shall Mve all the broad and eifective funct~ons and powers in anyw~se entrusted by a Govrt to a Receiver, and such appointmcnt shall be made by such Cou?t sa an admined equity and a matter of absolute right 'to iax! MORTGAGEE, aod without reFere~ce to the adequacy w inadequacy of the value oi tl+e property mortgaged or to the wwency or ~nsolvency of t~id NIORTGAGOR w the def~ndanrs, and ~hat such ' rents, profits, income, iuues aru! revenues shall be appliad by iuch Receiver accwd~ng to the lien or aquity of sfid MORTGAGEE and the p~actice of such Courf. . 8. To duty, promptly ar+d fully pe~form, dixharge. execute, effect, complete, comply with arKl abide by each u?d every the stipu~stions, agreeme~ts, conditbns and covenams in uid promissory note and this mongage set fath. 9. 7hst in the event the owncnhip of the mortgaged premists, or any pa~t thereof, becomes vested in s person other than the MORTGAGOR, !he MQRTGAGEf, its succeua+a and auigns, may, without not~ce to the MORTGAOR, deal w~th such s~cceuw a successor in intere~t with reference to this mortqage and the deb~ hereby setured in the ssme manner as with Mortgagor without in any way vitisting w dixharging 1F?e Mottgagori liability Mere- undr or upon tfK debt hereby secured. No sale of fhe prem~ses hereby mo.tgaged and no fabearance on the pan of the MORTGAGEE o~ ita succesun or assigns and no exre~sion of the time fa tF?e paymen~ of the debt hereby sccured given by the MORTGAGEE w its successors or aasigns, shall operate ~o rNease, d~acharge, modify change w atfect the aigiral liabit~ty of the MORTGAGOR herein, either in whole or in pa~t. 10. It is specifically agrecd that time ia of the essence of this contract and that no waever of any obligation hereunder or of the obligaYan se- ; c~red hereby shall at any time thereafter be held to be a waiver of the te~mi hereof or of the inatrument secured herby. 11. In addition to the (wego:ng monthly payments of princ'pal and inte~est required by the promissory note secured hereby, mwtgagor tovenants ~ and agreei to pay to mortgagee v`ith each month(y payrnent an addirional sum est~mared by mortgagee to be equal to 1 f 12 of the annual cost of the follow- inq: ~ A-All real property taaes levied or assessed agai~st the above described real estate. B-Premiums as fire and w~ndstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiuma on such mortgage guaranty insurar~ce as rn:.r:gagee shall irom t~me to time deem fit to ca~ry on the loan secured 'nereby. 1{Awtgagee shail f~om time to r;me not;fy mortgagor in writinp of the amo~nt due and payable hereunder and such sum shall thereupon be due and , Fayab:e an the due date of the nezt monthty payment and each successive month thereafter ur.til martgagee shall notify mortgagw of s change in such amount_ Such sums shail be applied by mortgagee toward the payment oF real property taxe~, insurartte prem:ums, and mortgage guaranty insurance p; emiums. WITNESS WHERE , the id MORTGAGOR has hereunto set his hand and seal the day a ear first • . Sealed a deliver in t`e preunte of: ~ 7 ' •n ! ' ~ ' n J Lau hli ~ 3~x „ ` an ! ~ f~ ~ e ~ Minifr M. McLauq lin s~an i ~ ` STATE Of wwl~r? NEW YORK ~ j tOUNTY OF F~ ~ f ~ Befwe me personally appeared JObII J. MCL.audhliri snd ~ Winifred M MeLaughlin hn wife, to me well known and known ro me !o bs ~ the indiridw(s described in and who executed tF~e fue9oiny instrument, and atkrwwledged before me that they e:ecuted the same fot the purposa i ~ therein e:pressed. And tFx sa~d Winifred M, Mel.a?uahlin ~ wife of the ~;a John J. McLaughlin ' ~ examinatwn b me taken se upon a xparate a~d privats i y parale and apart from her said f~uaband, acknowledged to and befwe me that she execvted said instrum~nt freely and volun- rarily and without sny compulsion, constraint, appreF~ension~ tear of w from her said hysband, ~ - _._.~~~~i, '3 i WITNESS m~r hsnd snd officia) seal this day of ~L 19 s Notary Public in and fo? t~i St`a~~o~' .ji~lh.~lf~l~~:'/~~'V~Q(~ ~ Ret„rn To: My Commiuiw~ expires: ' . i ; ~IIII ~ ~A ~tUNDtECR' ~ ; first Federal Savings ~ loan Association ; ~yW S`l~Ee of NeM YorR ~ ' No. al-q4b171.~ ~ s Of Fort P~erce. Qt(dlifiL'd in (~1tBen5 CQ~If1l'~ ~ Fort Pierce, Fiorida C9?!i}jCdt@ 1J~rd In Nevy~York Couny ~omrrys.sbn ~cpKes Marc'h 30. 1975 : F~~Eo A~~` REC~~oea s :T.lUC1E G4UM Y FL~. t. - This Instrument P~epared By John W. Col2ins a0C`A ~Q~TR~S ~ First Federal Savings 8 Loan Association - CIfP.K C1rCUtT COURT S : of Fort Pierce, Rlori@a REr..np~ YER~f~EO~ ; } ~59U35 ' ~ ~,p i~ 9 ~1 AN'73 ¢ Checked By ~ ~ j . Bo~K216 F~F~306 ; ~ ~ 1 ` `-T' < ~ A - _ - - - - , ~ ~ ~ ~ ~ ~ ~ ~ . a x~~~~ ~ ~ r ~ " ..i _ ~~X~~- ,