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Home My WebLink About1542 . . . 3. To plece and continvoutly keep on tha buildingf now a h~ereafte~ zituste on ssid land and on equipment ~nd perfonally covered by ~hif mort~ ~g~, w~~h ~II p~em]ums ~hereon ps:d in full, (ire inivrance ~n tha uswi t~andard policy torm, in • sum approred by ~M MORiGAGEE, and wind~tam i~tur~nct i~ tM vswl •tanda~d pol+ty iwm, In s sum app~ov~d by ~M MORTGAGEE, in such company or compan~es as ~h~ MORIGAGEE may directp and al~ tire +nd windsrorm i~sura~c~ policie~ o~ any of said buildinps, any ime~e~t tF+ersin w pa~t ~hcreo!• in IM ~ggroy+fe sum alaei~id w In ~xceu 1her~of, sha(I co~fain ths u~ual s~~ndard mortqagea dsuu a such ofha claui~ as IM Mortyage~ may requ~r~, makin~ the lo~s under ~a~d pol~ ci~s, c~ch ar?d •very, payable ro ~aid MORTGAGEE +s ~tt in+eres~ may ~ppear, ~nd eac~ and every such pol~cy shall be promptly aas.yned and delivered ~o •ny hsld by said MORiGAGEE a~ further secu~ity to taid moe~gsga deb~, and, nol leu fha~ ren (!0) days Fn adv~ncs oi iM expiralion of each policy, to da IivK to taid MpR1GAGEE a renew+l 1ht~eot, to~e~hK with a ~ecapt (a ~he pr~mi~m of tuch renewal; ~nd the~e fhall kx np iire or windato~~~ insurance pl~ced on ~ny of ~aid buildinys. ~ny in~ere~1 tha~in or p+r1 Inerao(, unlas~ in tM form and with tM loss aayabte as efwesaid; and in ~h~ even! any ium j of money becomes payabte under iuch poiicy or polities uid MORTGAGEE shall Mve ti?~ opt~on to receive end apply ?ha same on accouro of the i~dabted- nesa secursd hereby a w permit said MORTGAGORS to ~eceivs u~d uss it or any parl ~hereof lor other purposes. w~~hov~ ~h~r. o~ wa~~~:~g or w~pa~r- ing a~y epuity, lien w right u~der a by virtus of thii morspage; u+d in tM ~vent u~d MORTGAGORS shall fa ~ny reason fail to keep ~he said premisei w insured, w f~i) ro deliver p~omptly iny of said policies of insuruKS lo said MORTGAGEE, w fai~ promplly to pay fully any prem~um therefw a in any re~pact f~il ro pKFam, diecharge, execute, ef(ec~, complete, comply wilh ~nd abids by this covenant, o~ any part hrreof, sa+d MpRiGAGEE may place and ' paY tw such insurarrce w any parl thereof w;thou! wsivin~ w affedinp a~y option. lien, equ~ty, o~ nght unde~ a by vir?ue o( t6it N1o~tga9e. and ~he full amoum of each and evtry svch payment shall be im.mediately due a~d payabte and shall beer intereet from ths date thereof until paid a~ tha rare ol nine per tentum psr annum and togelher with such interest chaN be secu~ed by the li~n of th;s mor~gape. 1. To p~rmit, commir or suffer no wsste, lmpairmenl o~ deterioralion of aaid property o? ~ny part thcreof. 5. To pay all and ~;ngular the costs, charges ~nd expenses, iruluding s reasonable +ttw~ey i fc~e and costi of abs~rscts of t~~le, incurred w paid at any time by said MORTGAGEE, because or in tAe event of the failure o~ ths part of tM aaid MORTGAGOR Io duly, promptty and fuliy perform, d~uhaagR executa, effed, compiete, comply with and sh~de by each and every ?he stiputs~io~s, ayreemenb, ca+ditiau, and cove~ants uf taid prom~sw?y note and thi~ mo.fgaye any or ei~her, and ~a~d costs, cF?arges and expenses, each and every, shall be immedia~ely dve •nd p~yable; wheiher a oot thare be no~~ce dc mand, attempl to colkct w suit pending; and ths full amouM of eath and every such payment ahall bear interest from 1he dste thereof until paid at the .a:e of n;rx per cent~m per annum; and atl said costs, charges and expenus incurred u paid, togNher w~th such imerc~t, shall bs secured by the lien of this mortgaga. 6. 7hat (a) in the event of any brcach of this Mortgage or default on tM part of the MORTGAGOR, o? (b) in tbe event eny of said sums of money harein referred to ba not prompfly and futly paid within thi~ty (30) days next after the same se~era~ly lxcome due and p+yable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions a~d cove~ants of sa~d promisw~y note and th~s mortgage any w either are no! luly, promptfy and fuity pertormed, d~scAarged, execured, effected, completed, complied with and abided Sy, then in eifher or any such eveM the said a¢ gregate sum ment'aned in said p~omissory note the~ rtmaining vnpaid, with interest accrued, and all moneys setured hercby, shall become due and psy- able forthwith, a thereafter, at the opt7on of said MORTGAGEE, as fulty ard completely as ii al! of fhe said sums of money wcre a~ginatly ~t~pulatcd ro be ~aid on such day, anything in sa'~d promissory note a in this Mwtgage to 1he contrary notwithstsnding; and ~Fxreupon a Ihereafter at the option of said MORTGAGEE, without nonce w dem~nd, suit at law o~ in equity, therefore or thereafter bcgun, may be prosecuted ~s if all moneys tecured hereby nad matured ptwr to its insti:vtion. 7. That in the event tbat at the beginning of a at any time pe~ding any suit upon this Mortgage, or to foreclose it, or to reform it, w to enforce paymcM of any claims hereunder, ssid MORTGAGEE shall apply to the Caurt having jurisdidion thereof for the appointment of a Receiver, such touA sha!! Forthwith appoint a receiver oi said morrgaged property a!! and singvlsr, inciud,ng aIt and singular the income, pro(~ts, issues and revenues from whatever source derived, each a~d every of which, it being expreuly understood, is hereby mortgaged at if spet~f;cally set forth and desuibed i~ tke grantiny and habendum clauses fKreof, and such Receiver shall have all the Moad and effective funct~ons and powers in anyw',se e»truated by a Court to a Receiver, and s~•ch appointment sha!1 be made by such Court as an admitted equity and s matter of ab:olute r~ght 1o said MORTGAGEE, and without refererxe to ths adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of ssid MORiGAGOR or the defendants, and that ~uch re~~s, profits, income, iuues and revenurs sha11 be applied by such Receivcr atcording to thc lien w equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and futly perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, conditions and coveoants in sa~d promisssxy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem;ses, a any part thereof, becomes vested in a pe+son other than the MORTGAGOR, the MORiGAGEE, its successws and assigns, may, without notice to ti>e MORTGAOR, deal with svch successw or successor in interest wi+h refererxe to thi~ mortgage and the debt hereby secured in the same man~et as with Mortgagw wirhouf in arty way vit~ating or d:scharging the Mwtgagors' liability hert undn a upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the pa!~ of the MORTGAGEE w its succeswn or assigns and no extension of the time fw the payment of the deb~ hereby secured given by Ihe MORTGAGEE or its successors or au:gns, ,hall operate ro rclease, d~scharge, modify thange a affect thr original liability of the MORTGAGOR herein, eiiher in whole u in part. 10. h is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligstwn st :~red hereby shall at any time thereafter be held to be a waiver of tFu terms hereof w of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory nore secvred hereby, mo~tgagor covenants a~d agrees to pay fo mortgagee v~;th each monthty payment an add~~ional sum est;mated by matgagee to be equal to 1% 12 of ~he annual cost of the follow- ing: A-All real property taxes levied or assesseci agai•~st the above dezcribed real estate. B-Premiums on (ire and windstorm insurance as herein requ~red to be carried on the improvaments situate on the above described premises. C-Premiums an such mort~age guaranty inwrar~ce as mortgagee shail from t~me to time deem fit to carry on the loan secur~ hereby. Mwtgage~ sha;l from time to time ~otify mortgago~ in writiog of the amount dve and payable hereunder and such sum shall thereupon be due and F.ayab~e on the due date of the next momhty payment end each successive month thereafter urril mutgagee shaA not;fy mortgagor of a change in such a~~ount. Such sums shail be a plied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~emiums. IN WITNE55 WHERE , the said MORTGAGOR has hereunto sct his hand and seal rhe day and year firs! esaid. Signed, Sealed and fiveied in the pres nce of: al) Witness• Carl V Co i ~aq ~ - ~ - - cs~.~ witness: Ca ez ne F. Conti ~~a~~ f SiATE OF NEW YORK ) ~ } 55. ; COUNTY OF ~ I Before me pe tly appeared Caz 1 V. ~Ont 1 s~ ~ Catherine F. Conti his wi~c, to me well known and known to me to be E the individua~s desuibed in ~nd wFa execu~ed the foregoing instrument, and acknowledged before me that they executed Ihe same fw the purposes ~ rherein expresaed. And the said ~:8t~1~Illte . CO[itl ~ wife of the said ~rl ~Ontl upon a sepa~ate snd privata E exam7nar~on by me taken separate and apart !rom her said husband, sck~owtedged to and befae me ihat ahe executed said instrument freely and volun- € tarily and without any computsion, constraint, apprehension, or fear of or from her ssid F~usband. ~ WITNE55 my hand and offic~al seal this 9~ day of ~ '~m A. D. 19 73 ~ tary Public in and for the State oi at Large y Commission expires: j1jQp YOZk Retum To: i + First Federal Savi~gs 3 loan Association E~~ZqgRH LIETO ; Of Fort P~erce. i Fort P~erce, Fbrida Nptdry Pub~~~, State of New YO?K , N;•. 2n•~~5ioz5 € ~rl:fltd in Ki~Es County n~ - = ! .~~~~Exo;.9 *A :,ch ~ ~ j~ - : • , , ~ ~ / ' FflEO Ak This Instrument Prepared By J. Hal Roberts~ Jr. sT~ ~RfCORaEp First Federal Savings 8~ Loan Association a~C~R pOUNTY F~~_ _ r. of Fort Pierce , Flozida .nn ~LERK CtACU~TR~S ~ - ~ L` AFCORD Y~rrf~f0 ~oURt . . - _ Checked 8y`~- _ ~ . J~ t8 g , : 19 ~ 73 . _ ' ' ~ - - - _ - ~ _ - - . . . _ . m