HomeMy WebLinkAbout2475 3. To pface and continuously keep on ~he bui:d~ngs now a hereaiter situat~ on sa~d land ~nd o~ ali cqv+pment ~nd pe.so.+aliy covcred by th3s mw~g- '
sg~, with all premiums lhereon pa~d in full, lire insurance in the usual stsr+derd po~ity form, in a tvm approred by the MORiGAGfE, and W~~1aS~WT
~n:urance In ~he uival s?enda.d pol.cy fam, i~ a aum approved by ~M AM1ORTGAGEE, i~ wch compa~y o. canpan~es as ~Mr MORTGAGEE Tay
d~rect: a~d all iire and w~ndato~m inaurance policiea on any ol ~s~d build~~yt. ~ny inlNKt Ihtrlin W part thereof, in tht aflgregi~e sun? ~facsa~d or
In ~xceu thereot, thatl contain tM usual sratidard matgagea ct~use or sucA othe~ d+uss as tl+e Mwtgaget may ~equ,r~, ma?iny the Iosi vrde~ sa~d pdt
c~es, each and every, payable to s~id A10RSGAGEE ~a ils interesl may appesr, each and every such pobcy ahall be prompity au 9ncd and det~vered ro
any held by saed MORiGAGEE st (v~~Ae~ security to said matgage debf, and, not ka than t~n (]0~ days in sdvar+ce o1 the sapi~at~an of exh policy, to de-
livav to said MORiGAGEE a renewal thereof, lo~e~hx with a retsipt for the prem~um oi suth ~snewal; and she~e sha11 be no f~re o~ w~~dstwm inswance
placed on any of ia~d buildinpi, any imereat lherein o~ part thereof, unless in the (orm ~nd wiih ~M tou payable as tloresa~d; and in the event any sum
of money becomes payab~e u~der such policy w pol~cief said MORTGAGEE ihall have ihs opt:on to rece~~e and spply ~he same on accoum o~ the ~ndebted- ~
ncu secured h~reby a ro permil said MORiGAGORS to ?eceive and use it a any par~ t6efeof ior o2h~•r p~iFasrs. vr.etu~ul ~h~..u~ wzi~~.•~ ;,r or.~..- s
~ng a~y eqv~ty, I~en w right unde+ w by virtue ot ~his mo:!gage; end in the evenl said MORTGAGORS shall for ~ny reason fail ro kerp ~Fk sa~d prem~srs so Y
irsured, or fail ro delive~ promptly ~~y of said pol~cies ol insurante to sa:d MORiGAGEE, or fail promptly to pay fu+ly any prem~~m shc.ef« a in anr ~
respect iail ~o pertwm, discharge, exccute, e~(ect, complete, comply witF~ and aMde by th~s cove~ant, or +~y pa+~ hrreof, sa,d MCrRTGAGFE may p~xe s~~d ~
pay fw such insurance o~ any pa,t fhereof wiiM~u~ wsiving or affeUing any optiw~, I~en, equ~ty, w ngh~ unde~ a by virtue of ~h:s Mwt~aqe, and thc ~
full amovnt oi exh and evay such paymem t. +ti be immediately dus and psyable a.~d shall bea? interest frem the date Iheceo~ untii pa:d at ths ra~e of
rnne per cmtum pe~ ennum and rar~ether with s:~ch intereat sha71 be secwed by ths lien of this mwt9aye.
1. To permi/, commit or ~uffer no waste, fmpairment w deterioration of s~id prope.vty w any part thercof. ;
S. To pay all and singular the costs, charges snd erpenus, ir?clud~ng a rc~sw~able attw~ey's fee and cos~s of abs~racn o( t~tle, incuned w pa~d st ;
a~y time by said MORTGAGEE, because or in the event of the failure on the pa.t of the said MORTGAGOR to duty, promptFy a~d futly pe?fpm, d~s(har9~ ~
e¦ecute, effed, comptete, comply w~th a~d ab~de by each ~nd every the stipulatrons, agrecments, cond:t~ons, and mvena~n oi sa~d prom~ssory ~ote and ~hw
nw~tgags any o~ ei~her, and ssid costa, cMrges and expensea, each and every, shall be immediately dus s~d payable; wMe~her w not the.e be norice dr ~
mar~d, attempt ro collect w suit pe~d~ng; and the full amoun/ of each snd every svch paymem shall bea~ io+erest frwr? the date thereof until pa:d af the
rare of nine pcr crntum ~r annu:n; and all said costs, cha:ges and expens-s inturred o~ paid, together w+th such intereat, shalt ix secured by the 1~en oi tha ~
mortgage.
6. Tha1 (a) in the event of any breach of this Mortgage or defaut~ on fhe psrr of the MORTGAGOR, oi ;b) in the evem any of ss~d s~ms of nwney
herein refeared to be.not prcmptly and futly paid within thuty (30) deys rxxt aieer the same severa:iy becort~e d•x and payable, witha:+t demand or r?otice,
cr (c) in tFie evenr each and every the stipu~at~ons, agreemcn~s, cond~tio~s and covenants of se.d p~wr+~ssory noTe and th~s mortyage any a e~rhea a~e not
ivly, promptty and futty performed, d,scharged, executed, effccted, completed, complied wifh and ab~ded Sy, then in e+ther or ~ny sxh event the sa~d ag
gregate sum mentioned in said promissory note then remaining u~paid, with interesl accrved, and all mo~eys secu.ed hereb~, shall becon+e due and pay-
ab[e fathwith,_w thereafte~, at the option o} said MORTGAGfE, aa fulty and complete:y as it all of the sa~d sums of rtwoey were o?giostty stipu:aud
to be paid on such dsy, anylhing in sa:d p:an~sswy note or in this Matgage to the cantrary notwi~hstsnd~ng; and tF~ereupon a thereaftei af the ppf~on of
se+d MORTGAGEE, w~ihout no~ice or demand, suit at law or in equify, therefore or ttKreaher begun, may be prosecuted as if a!I moneys secwed he~eby
nad maWred pt~or fo ~1s insrituhon.
7. That ;n tF~a event thaf at the beginn~ng of or at any time pending sny wit upon this Mortgage, a to fa~eclose it, w to refwm it, or to enfwp
paymcM of any claims hereunder, said MORTGAGEE shall apply to the Co~,rt having ~ur~sd~csiwn the~eof fw the appo~ntment oF a Rece~ver, such Court shai!
ferthwith appoint a receiver of said mortgaged properry a!) and singular, includ~ng aU and singu~ar the inca~ne, p~ofds, issues ard revenaes from whatever j
scurce der~vcd, each •nd every of wh~ch, it be~ng exp~essty u~ders~ood, is hereby morrgaged as ~f spec~iically set futh ar+d dex.~bed in the g?anring and ;
haoendum dauses hereof, ard such Receiver ahalt have all the b:oad and effecnve funce.ons and powe~s in anyw~se e++fruated by i Cou.t to a Receiver, and
s_ch appoinimenf shall be made by such Court as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, ~nd wi~Fw~t ~eterence to the
adequacy or inadequaty o( the value of tlu property mortgaged o~ to ~he so:venty or ;naoivency of said MORiGAGpR o~ the defendants, as+d that such !
renn, profin, income, iuves and revenves +haH be applied by such Receiver accwdug to the lien or equity oi said MORiGAGEE and the praa~ce of such
Court.
8. To duly, promptly and fully pe~torm, discharge, execute, efied, complete, comply with end ab+de by eaci? and every the stipuiatiaru, agreements,
condifioro and tovenants ~n sa~d promissory nore artd this mwrgage sef foith.
9. That in fhe event the owne~sh~p of the mertgaged pr~mixs, a any part thereof, becomes vested in a person ather than the MORTGAGOR, the
:'.ORTGAGEE, its succeuo~s and assigns, may, witFwut notice to the MORiGAOR, deal w~th such successor or successor in iMerest w~th reference to th~s
mo,tqage and the debt hereby secured in the same manner as with hlortgagor w~tlwut in any way vitiating a d~scharging the /Awtgagori tiabilny herr
~nder or upon the debt hereby secured. No sale of tF,e p~emises he.eby mortgaged ar.d no fwbearance on ~he pan of ~he MORiGAGEE o? in auccessws
or assigns and reo eztension of the t+me tor the payment of the debt hereby secured given by tlx MORTGAGEE or its successors or ass:gns, ahafl operate
to re~tax, d~scharge, mod~fy change or alfect the orig~nal liab~lity of the MORTGAGOR herein, either in whole a in part_ -
)0. It is apec:ficaliy agreed that t7me is of the esunce of this contract and tF~st no waivK of any obl:gat:on J~ereunder or of ths obtiqation ae-
cvred hereby ahali at any time thzreafter be he!d to be a wai~er of the terms hereof or of the instrument secu~ed herby.
11. In addtio~ to the lorego n9 moMh!y paym~nts of princ paI ar.d interest required by the prom sso•y no~e tetured 'hereb7, mortgagor covenants
ard agrees to pay to mo~tgagee w:rh each monrhfy payr,ent a~ addrtional sum est~mated by mortgagee to be eq~al to 1,• 12 of the annua! cost of the foib+r-
in~:
A-All real property taxas levied or as:essed a9ai•~se thc a6ove descr~ycd real esrate_
B-Pr_m~ums on f~re a~d windstorm insvracce as here~n reqv~red to be carried on the tmproveme~ts s~tuate oa thr above d_scr~bed premises.
C-Premiums on such mortgage gua~anty insurar:ce as mo+tgagee shatl fro-r t~me to time deem fit to carry a~ the foan secured hereby.
Mortgagee sha!1 fiom ti~ne to tirr.e notify martgago~ in w~it~ng of the ar,,ount due aod payable hereundx and svch surn sha:l thereupon be due and
c ayable on tbe dua date of the next monthiy pay~r~ent and each successive month thereafte~ ur.ti} moatgagee shall not;fy mortgagor of a change in suth
a-,ounL Such sums sha!i be app!~ed by mortgagee toward rhe payme~t of reai property taxes, iruurance prem:~ms, and rtwrtgagP guaranty inwrance
^~emiums.
IN WITNESS YlHEREOf, the said MORTGAGOR has hereunro set his hard and seai the day and ye first a!a
/ Signea, SeaJed an~d d~e)l~rered in the qesence o/f: ~ ' ~ ,
~ ~ : ~ Z LZ ~ [ _r ! t. o: i { L Y -1- ~
witness: ohn Puc6 ez ,n
! ~ 0....1~Y ~Lw?,v~.../'
-y (Sea~
Mitness: Louise Puchinger -
~ S7ATE OF w Jersey
~ ~
! COUNTY OF , Y ~ ~ ~ 's
i Befwe re?e persorwlty appeared John Puchingez
` L.OI]1Se P13C~IlACJ@Y his wife, to me well krwwn and known to me to bs
~i rhe indiv3dwls deuribed in and who executed the faegoing instrument, arx! xknow:edged befue me that they executed the same fa the pwposes
! rherein expressed- And the said_ GDt1~S@ Puehinger
..~te of the said _ JOhQ P11CtI1ri~QZ =
> vpon a sepa+afe and privst~ i
~ exam~nat:on by me ?aken sepe~ate and apart from her said huaband, acknowfedged to a~d betore me tt?st she executed said ' ~ t ireely a~x! volun- ~
F ~arily and without any compulsiwf, constrainl, apprehemion, or f ar of or fr~m her said husba ' ~
~
; WITNESS my hand and offic;al seal this ~
7~_ day of Au u5 A. Fj•= +
- , , i
. _ -
: ~1
wa u i~ and ot Sta of ~`J,i '1• i
My con+miss~on expires: : •3i ~ ~ '
~ Retum To: ~ : ~
' F~.st Federal Savings a ~oa~ ns~«~a,,o~ RUDOLPH 0. CA~1!MAROTA ' - _ ~ ~ ~ ~ '
Of fort P~erce. A N:.t~•Y P~t'.. =f ,.~Y ;ertrr i°~1~~?1• o?'•_'~
fort Pierce. Florida Ry ~;C.~.w.,..-:. .-r.;~....~Y~--.. ii~~ ~.Z
' i-~;,~" .•~Y'
~~~i
c,E 0 l1ECOROEO .'~J.•1•....•`~~ ~
? v4(INTY f~A, i • . • ;s _
t ROCER POITRAa ' ~
This Instrumen! Prepared ByJ. Hal Rqbeits~ Jz. CtERK Cl~CUIT CONRT - ~
First Federal Savings b Loan Association RfCORO YERtF(EO~~~ ~ ~
~ of Fort Pierce s Flolcida
; ~ I~ 11 8 ~z AN'73
~ Checked By
= 261982
~ 600K ~1 ~ PAGE ~4ss
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