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HomeMy WebLinkAbout2199 3. To place and conrinuousty keep on the bui:d~ngi now w hereafte~ ~~tuate on said Iand and on all equipment ~nd personalty covered by this matg~ sge, wi?h all premiums ~hercon pa~d in 1u11, fire iniurance ~he usuat s~andard policy fo~m, in • sum approved by ths MORTGAG~E, and windstorm i~iurance in ths usval irandard pot:cy for~n, in a sum approved by the MORiGAGEE, in ~uch canpany or compan~es a~ tF+e MORTGAGEE may ditKt; and all fi~e and windstorm insurante poliuei on any of said build~n~s, any i~teresl Iherein w pa~t thereof, in the aggreyste tum sfo~esa~d w in ~xce~s Ihe~eot, thall contain the usval ~tandard mortg~gee clause or such o~her c!ause as tM Matgages may requ~ro, maAinp the lou under sa~d poti~ c7e~, each ~nd every, payable to said MORTGAGEE as ~~s inte~esl msy appear, and each and every ~vch policy shall be promptty ass.gned and detivered to ~ny held by sa:d MORTGAGEE ~s {v~ther security fo said mortgage debt, and, not les~ than teo (10) days in advance of ths expiration of each pol~cy, lo da liver to uid MORTGAGEE a renewal thereof, tope~her with a receipt for the premivm of tuch renewal; and ~hers ihall be no f~re w windslorm insurance plated on any of said buildings, any interest therein w parl thereof, unless in the form and with IM loss payable a~ a(wesa~d; and in the evenl sny sum of money becomas payabte unde~ such policy a pol~cies said MORTGAGEE shall hava the optton to receive and apply the ume on atcounl of the indeb~ed ness sttured he~eby or to permit said MORiGAGORS ro receiv~ and use it or any parl thereof tor othc~ purpoaes, ~yiiMut th=reb~ waiving or u*,pa~.- in9 any equiry, lien or ri9ht under o~ by virtue of thit mo:s~age; u+d in the evenl wtd MORTGAGORS shafl (w any reason fail to keep the said p~emisrs w insured, a fail to delive~ promptly any of said potities oi insurante to said MORTGAGEE, a fail promptly to pay fully any p~e~nium therefor or in a~y respect fail to periorm, discharge, execute, effcd, complete, comply wi~h and ab3de by this covenent, or a~y par~ Ixreof, said MORiGAGEE may p~~ce a~d pay for such inw~ante or sny part thereof without waiving or sifec?ing ~ny option, lien, eqv~ty, or right under a by virtue of this Mortgage, and the ful! amovnt of each and every such payment shalt be immediatcly dve a~ payable and shall bear interest irom ~hs date thereof u~til paid at the rate of nine per centum per annum and to~ether with s~ch interest shall be secured by the lien of thi~ mortgage. 4. To permit, commit w suf(er ~o waste, impairme~t a deterioration of taid property w~ny part thereof. 5. To pay all and singular the costs, charges and expmus, includi~g a ressooable atta~ey i fee and costs of abstracn of title, incurred or paid at any time by seid MORTGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and futly perio?m, d~xharge, executs, efiect, complete, comply with and ablde by each and every the s~ipulat~ons, sgreements, conditions, and covenants of uid promissory ~ote and thi~ mortgage any or e~~her, snd said cosn, charges and expenses, each and eve~y, shall be immediately due and payabte; whether w ~ot there be notice d~ mand, atfe~npt to colletl or suit pending; and the full a~nount of each and ev~y s~ch payment shali bear interesl f~om Ihe date thereof until p~id at the rate of nine per centum pe. ~n~~um; and all said costs, charges and expensea inturred w pa~d, together w~Ih such interesl, shall be secured by the lie~ oi thlt mortgage. b. That (a) in the event of any txeach of this Mwtgage o~ defa~lt on the psrt of the MORTGAGOR, a(b) in the event ~~y of sa7d sums of money he.ein refe.~ed ro be na p.omp~ty a.~d iutly paid wi~hin thuty (301 d+ys next at~e~ ~he sune severally become due .and paYable. wi~houl demand or notice. w(c) i~ tM e~m+t euh W+d wery ~he afipvlatioea,-agreementa, c«Kl+tin~u aod<ovenants o!_sa:d Rromiuory note and th~s mortpape any w either ar~ not ~uly, promptly a~d fully performed, d~scharged, exccufed, effected, completed, complied wifh and abided by, then in e~ther w any such event the said sg gregate sum mentioned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall becume due end pay- able forthwith, w therea(ter, at the option of said Mt~RTGAGEE, as fully and completely as if etl of the said sums of money were wiginally stipulated to be pa~d on such day, anything in sa:d promisaory rwte or in this Mwtgage tq the contrary norwi~hstand~~g; and thereupon or thereafte~ a~ ~he opi~on of said MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or the~eafter begun, may be prosecuted as if all moneyt secured hereby had matured pnor to ~ts inslitution. 7. That in the event that at the beginning of o~ at any time pending any suit upon this Mortgage, or to fweclox it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereot tor the appointment of a Receiver, such Court ahall Furthwith appoint a rece~ver o( said mo~fgaged property all and singular, includ~ng all and singu7ar the incwrq,.pofits, iuues and revenues from whatever source derived, each and eve~y of wh~ch, it bei~ exp:essty understood, is hereby m«tgaged as if spec~ficaliy set forth and deuribed in ~he g?anting and habendum clauses hereof, end such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Covrt to a Receiver, a~d such appoinrment shall be made by svch Court as an admi~ted equity end a maner of absolute rght to said MORTGAGEE, and wi~hout refere~ce to the edequaty w inadequacy of the vaiue of the property mo•!gaged or to the solventy w insolvency of seid MORTGAGOR w the defendants, and that such rents, profits, incort~e, iuues and revenues shall be applied by such Receiver according-to tl~e I~en or eqvity oi said MORTGAGEE and the practite of such Courf. . ' ` ` ~ 8. To duty, promptty and futly perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, conditions and covenants in said promissory nose and ~his mwtgage set forth. 9. That in the event the ownership of ths n+ortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and ss:ig~s, may, without notice to the MORTGAOR, deal with such successor w successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in aey way vitiatirg ot d~scharging the Mortgagori liability here- under w upon the dcbt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE w its successors or assigns and no extension of ~he time for the payment of the debt hereby secured given by the MORTGAGEE or its successors.o? assigns, ahall operate ro release, discharge, rtwdify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10_ It is specificaily agrecd ihat time is of the essence of this contract and that no waiver of any obligatiort he~cunder w of the ob:igation st cured hereby shall at any time thereafter be held to be s waive? of the terms hereo( w of the instrument secured herby. 11_ In add~tion to the fwego:ng mor.rhly payments of princ'pal and intereat requ~red by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mon!hiy pay~nent an add~~ional sum e:t~n,ared by mo~tgagee to be equal to 1 j 12 of the annual cost of the fol{ow- ing: A-All real property taxes levied or assessed against thc above desvibed reaf estate. - B-Premiums o~ fire and windstorm insurar.ce as here~n requ~red to be ca~ried on the improvemeats sitvate oo the above d~scribed premises. C-Premiums on such mortgage gua~anty insurance as mo~tgaqee shall from time to tir.~ deem fif to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing af the amo~nt due and payable hereundrr and such sum shalt thereupon be due and ~ FayaWe on the due date of the ne~t monthly payment -and each successive month thereaiter urtil mortgagee shall not~fy mortgagw of a change in such amount. Such sums sFall be appl~ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ premiums. . ~ E IN WITNESS NHEREOF, the said MORTGAGOR has hereunto set his hand and seal fhe day and year ' t afaesaid ~ Signed, Sealed and delivered in the p?esence of: • ~ aQ i Lou s J as a ~,q ~ ~ Sean ~ _ BeYnice A. Cassella ~~,q 57ATE OF7ED~C NEw y~RK , couNnr oF N~RKinJE~(' ~ ~ Befwe me perwnally appeared I.OL1~S .j. Cassella e~ Berniee A• ~SS@Ila his wife, to me well known and known to me to be the individuals described i~ snd who execuied the toregoing instrummt, and acknowledged befwe me that they executed the same for the purposes rherein cxpressed. And tbe said Berniee A. Cassella wife of the said L011~3 .1. Cassella ~ori ~,scp~rbfe and private _ ~ examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed sai~lnif~ument Ere"ely and volun- ~ rarily and without any compuls'an, constraint, appreFKnsion, ~fear of or from her said husband. ~ WITNESS my haod and official seal this rG day of AL19uSt q; p, 79 73 ~ . ~ ? J ' y otary Public in end for the Siat! of'florida. ~t lsr~e' ' _ • My Commiuion expires: . _ Retum To: • . , - ~ first Federal Savings a Loan Association J0~1NNE M. MOREa1, ~ ~ ~ Of fort P~erce. ~ M~1~ry Ieplf~ In tlK v. ; se.~e o~ y«. r.M ~ Fort P~erce, Florida Reyict•re~ In H+,4; K 're• CClintr ~1 Comm+ss~os C~o~rc~ . ;p, r~ ~ti. v; This Instrument P~epared By ~j~ H~ Roberts, JY. E First Federal Savings 8 Loan Association Fllfd A'~0 ~tECORDEO ~V~~D ~ of Fort Pierce ~ Florida St. LUCIE COUNTr FLA. Ci ~ ROGEn PO~TRAS Chetked B ~ F-F~• ~Z ' CLE~.r .`~F'~~t COURT ~ ~ Y AFCrp~ v: ED~.....~ ~ 6C4K~~p PAGE2 $EP 18 9 47 aH'73 ~ 198 ~ - ~ ~ ~Z - - - - - - . _ _ ~ ~ _ h. : : ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ _ : , .