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HomeMy WebLinkAbout0842 To place and com~nuousty 4eep on ti,e b.,~'d~r•~s ~ww w he~eaF~~r sirwte on sa~d tand and on all equipmeM and personally covr~ed by thii mwtg- ~gs, w~~h all p~emiu~.~s ~hrrcon pa:d ;n fvll, iue i~~s~tonce ~n ~hc wual sta~da~d poi~c~l form, in a sum approved br ~he MOR(GAGEE, and w~nda~orm +~sur~nce in the uswl sr~nderd poLcy fam, in a wm approvcd by the MORiGAGEE, in such company or cornp~n~es a• ~ht MORTGAGfE may di~ecl; ~nd atl {ire and w:ndytorm insurante pol~ucs on •ny of iaid build~ngs, any in~e~esf ~herein ar pa~t thercof, in fM aggregste ~um afwesaid w in eaccu Ihcreof, shaH co.~t;in ~he usv~l ~~andard morrgage~ ~I~use or such mher dause as the Mo.~gayee mey requ:~e, ma?ir~ thQ ioss urxlrr sa~d potf cies, each and every, p~yabie to ss~d MORTGAGEE as ~rf inee~est may appeas, a~+d eicb and every wch poi~cy ahall be promptiy ass gned and del;verrd to •ny hctd by sa~d /NORiGAGEE as (uriher security to sa~d n:artgsge drbt, ~nd, not Iess ?han ren {IO) dayt in advance of t}~e expiration of each pol~cy, to d~- tlver ~o taid MORIGAGEE a renewal ~hercof, ~oge~her v.ith a rece~pt fa prem~um o1 such renewal; and ehere ~haf! be ~o f~~e o, wind~to~m insu~ance ptaced on ~ny of said b~~td~ngs, any imerctt there~o a par~ thereoi, unieis in ~M form and w~~h the lou payabie as afaesa~d; and in ~he event any ium of mpnsy bc~omef payabie unde~ s~,ch polrcy w poGc~es u~d MORIGAGEE ~hall Aave the op~.on ro rete~ve end apply the ume on atcount ot tAe i~debfed nesa setured hercby or ro permit sa~d MORivA('iORS Io rKeive int~ uf~ it p any pan thr:eol for otn~~~ pur~•„ses. :.,tii~~.:r th~~eb/ wai~i~~g or ue.p~u- ~ng any equity, lie~ p ~~ght undar p by virlue of fhis mo::gage; and in th! erent ~a~d MORTGAGORS shall tw any rcaion tail to keep the faid premisrf w insured, pr fsil fo deliver promptly any oi said pol~cies o( insutance to said MQQTGAGEE, or fa~t promptiy ~o pay f~ity sny pre~mum theretot o~ in any raspect lail tp pHform, d~scharge, eaecute, efiect, complete, comFly with and ab~de by th~s cove~anl, w any pert hareof, sa~d MORTGAGEE may place ano pay ia such insurancs or any part thereof w~~hou~ waivinp a~ffecting any opewn. lien, equny, or ~~gh~ unde~ a b~ virtue of ~his Mo.tgage. and thc - Eull amount of each ~nd e•a~y suth payment ahaA be ]mmcdiately due and payabte and shall bear interes~ f~om iha date ~hereo( umil paid a~ ~ha rate ol n~ne per centum pe? annum ene~ to~rme~ w~rn aucn IrtlCreft ~ns~~ ue sc~u~cu :,y ~~K ;;Q.. c:.:~ .c.,,::y..nc. 1. To permit, commil o~ suffer no waste, impairmen~ pr dateripration of said property o~ any part thereof. 5. To pay all snd singuts~ the costs, charges and e:penses, includ+ng a reasonable attwney's fee a~d tosts o( abstracts ol titte, i~cv+red w pa~d at any time by aaid MORTGAG'_E, becauu w in thc even+ of the failu~e on the part of ~he said MORTGAGOR to duly, prompdy and fully pe~fwm, d~scharge. execu~e, eficct, complete, comply w~th and ab.de by each and every ~he stipulanons, ag~eements, condit~ons, and cove~a~,fs of ssid promissory note and ihio morl9age any or ei?he~, snd said costs, cF~arges ar~d eYpenses, each and every, shaU be immed;slely due and payable; whether or not there be not;~e da mand, attempt ~o coliect or suit pend~ng; and the full anwvnl of each sr+d every such payrr~ent shell bear imerest (rom the date thereof until paid at the r.,te oi n:~~e per crmum per on~~u n; onC all aaid costs, cnarges anxl expenses incurred or paid, together w~th su:h inte~est, ihall be secured by the lien oi this mortgsge. 6. That (s) in the event of any b~each of Ihis Matgage w defaull on tM pa~f of the MORTGAGOR, a(b) in the evcnt any of said sums of money herein reierred to be no1 promptly ar~ fu11y paid w~th~n ihnty (3p) days ncat after the sanx severa;ly becan~ d~e and payab~e, without demaod o? rfotice, o~ (c) in the erent eath and every the st~pu:anwis, agrKr,Knts, conditions and covenants of sa;d promiswry note and th~s mortgaga any or either are nol ~uly, promprly and fu!ty perfwmed, d.xAarged, exec~ted, effecfed, compiercd, compl~ed wiih and abided 5y, then in e~lher w any such event the ea~d sg g~egate sum mentioned in seid prom~ssory mte then remaining unpa;d, wirh interrsi acuvrd, and a11 mor~eys setured hereby, thall become due and psy- eble iwthwith, or fhereafrer, at tFx op2~on of sa+d MOitiGAGEE, as fuUy and completely as ii all of the saEd sums of money were o~~ginalty snpula~cd to be pa~d on such dty, anything in sa.d prom;ssory nore o? in this Mortgage to the conrrary notwirhstanduig; and rherevpon p the~eaftpr ar the opf+on af sa~d MORTGAGEE, without twtice or de+nand, wit at law or in equay, therefae or tAereatter begun, may be proaecutcd as if all moneys secured hereby nad ma?ured pnpt to ~+s ~ns~ituhon_ 7_ ?Fa*. irs t~~ e~e:st sl:at ar s~z l~E~-:r~ v~ ~~t a~y ::-m- g-r,d~••Q a~v et:± ti+c~ Nt4rr~s~e, a to lorectose it, or ro reform ir, or ro er.force Faymtnl ot ~ny ciaims hereunde?, said MORiGr.GEE shall appfy to 1he Courf Fwving ~ur~sd~pipn fhereot fw the appo;ntment of a Receiver, such Court shall forthwith appOint a rece~rer OI said mortgaged ptoperty ali ant~ singular, ~n~lud ng al! and imgu~ar the intonu, p~ofds, iss~es and revenues lrom whatevN seurce derivird, each and every of w!~~ch, 1r be~og e~ep~ess~y undersroccl, F~ hneby mo~~gaged as if spec~ficaUy se+ forth and descr~bed in the g~anNng and_. - habendum dauses hereof, and svch Receive~ shail have a4 the broad and effettive funct~ons and powers in anyw~se eNrusted by a Cou~t to a Receiver, and :~ch appointment shaH bc made by svth Court as an ad~~~rt d eq~ity and a matter of absotute right to sa~d A\ORTGAGEf, and wirhout reference to the adequa~y or inadequaty oi the vatve of the property mo+~gaged or to the so!ve~cy or ;nse+veruy of said MpRiGAGOR w the defeodants, and rhal such re~ri, -proiifs, irxome; iiiues and revenues 3ha7T be apptied by such Receive+ atcord,ng te-the-tien or eqvity of sasd MORiGAGEE and the preefice vf-wclr- - Coutt. S. To duly, promptly and fully p~rform, discharge, cxecu~e, ei4ect, complete, compty w~th and abide by each and every the stiputations, a~reements, cenditions and covenants ~n u~d prom~ssory note and this mortgage set forth_ 9_ That in the event the ovvnership of the mwtgaged prem~ses, o~ any part thereof, becomes vested in a perwn other than 1he MORTGAGOR, the !~'ORTGAGEE, its successors and aas:gns, may, wir?w~t ner:ce to the MORIGE+OR, deal w~th svch succe~sa or successo. in interest wit6 reference to this mortgag~ and the debt hereby secured in the same manner is wnh N.o~tgagw w~~hour in any way vit;ating w d~uharging the Mwtgagors' liability hert under or ~pon the debt hereby secured. No sale of the F.em~us hereby mo.fgaged ar.d no forbearance o~ the part of rhe MORIGAGEE or irs ~uccessors or ass~gns and ra easens~on of the t~me fu the payment of the debr hereby aecvred given by the MOR7GAGEE or ity successors w ass~gns, ,I,all operate to rclease, d~xharge, modify changc or atfcct the o~ig:oal Iiab;Gty of the NARTGAGpR herein, ~ither in whole or in part. 10_ It is spec~fically agreed that fi.ne is of the esunce of th;s cororact and thal no waive? of any obGyatio~ hereunder or of the obligarion sr cvred hereby shaN at any time thzreafter be he:d ta be a wa~ve~ of the terms heree( p of tFk irstr~rr.ent sec~red herby. I1. In add t~o~ to rfie fwegc ng fnon~h!y paym~r.ts of ari-c"~al and inte:est reqv~red by the prom~ssory no!e sewred hereb~, mortgagor covenants a~d agreea to pay to mortgagee v..rh each mo~thly ~a~: •ent ,~n odd~~~onaf s:,m <srn,arcY1 by mortgagee to be equal to 1,' t2 of ~he annual cost of the foilow- rnq: A-AII reaf property taxes tevie~ or assessed ag3~ :s: she above dezci~d r_a~ euare. B-Premiums on !~re and w)r.dzto•m ~r.surar~e as F<_re~n cre,~;red to be carned on the :mp~ovaments situate on tne above described premises. C-Premiums an such mortg~ge ~uaranty inura•.ce as mongagee sha;1 from nme to time deem fit to carry on the loan secur~'hereby. Morlgagee sha!! ?re.~n t~~ne to t~r.+e nchfy mo•ryayor m w.~r~ng of the a-ovn~ d~e and payab;a herevnder and such sum shall thereupon be due and Fayable on the due dare of the ne~t month:y payment and each successive mo~rh tnereafter ur.til mortgagee shatl notify mongagw of a chaoge in such a~- ount. Such sums sFa:l be ap~.i~ed 'oy mwtgagee tov+.ard the paymem of real property taxes, insurance prem.ums, and matgage guaranty insurance o ~emiums. IN Y/ITNESS WHfREO', the sa~d MORTGAC,OR has hereunto set his har,d and seal the day and year firsf aforesaid. 5" d. $ealed and de 'rered in the preserue of: ~ i / ~ ~ ~r' t~ ~ v, ~i ~ --(Sea4 wil s ' - ~sn - """C('" • ~we- t5eaq ~ 8!1@'tt@ • IIl t s~ SIATE OF DCQ~AC N$W YQj~R ~ - . S5. couNn oF iiBSChest,et Before meperwnally sppeared w1~.I1~tID V~ $II1tZ2 and Jeanette $ID1t31 his wife, to rrM well known and known to me to be rhe ~nd~vidvals dew~bed in and who executed fhe iaegoinp instrument ar~t! sclcrwN,ledged befwe me that they executed the same for the purposes rherein exp~essed. And the said Jeanette P• ~IDlth «~te of the said ~'~1111alC V. S~ith - upon a separate and private axaminat~o~ by me taken sepa~ate and apart frun her said husband, acknow{eciged to and before me that she executed said instrument freely and votutr ~ar;Iy and w~thout any compu:san, constraint, ipprehens;on, or feu of or from her said husband. • WtTNESS mr hand and offic:ei xal ?h+s_ °~~.C~ ~y ~ - A. D. 19~ ~ ~ / F1~ED 1~K~ Rf~ROE~ Notary Pubt~c in and for tFx Staj~ of dt la e ~ Return To: sT, ao f G41I~i~Ag~' My Comm~ssia~ espires: 3/~~~~L ~ p RT First Federal Sav~ngs a loan Associat:on RK ~1q~u~t C0~ oj Fo.r P.erce. C<E R1f1E~ ~ Fo+t Pierce, Ftorid~ REG~RD Yf ,~3 l'1~:'L= H. C: "f , ~ ~ ~w I20'ar; . . . '!~~N YO-~[ ~ ` . . - ' ~ ~ ~ . . 2 ~n,_ , _ . . : . : ~ ,.f., . ^ co. s : r"^ ; - . This Instrume~nt Prepared By Roberts, JZ. ~3tj ~.Q~.= First Federal Sav+n s 8~ loan Association~ V .'-'~••""~;;;.,.,~i,~'-~° _ of Fort Pierce ~ F1orida -.:~w~, ` '•".!r'sw•y~.. Checked By ~ . . ! • ~ ~ ~ - 0 R ' ~'~'~1l. - B OCl~ ~1S FACE 8~ • ,~,'L'~ . . - - , _ : ~ ~ ~~~:-~x;t~ ~ ~:_n~~ s - - _ _ _ ~ _m~~~