HomeMy WebLinkAbout2451 3. To p~xe end co~tinuously keep on the bui!d~ngs now a herea(te~ utua~e on +aid land ~~d on ~11 equipmem ~nd person~lly coversd by this ma~g-
sge, with ali premi~ms thsreon pa~d in (ult, fire insurance in ~he u~ual standa~d policy fwm, in i sum approved by ~hs MORiGAGEE, ar,d windstwm
~nsurance in fM usual ~iandard pof:cy fwm, in a sum approved by the MORTGAGEE, in ~uch tomp+ny o~ comp+nies u ~M MORTGAGEE may
direct; ~nd all fire and w7nds~orm i~surance poliues on +~y oi said buildnp~. ~ny interest thereln or part tF+ereof, in the ap9re9a~~ sum ~faewid a ;
l~ exteu thereof, sMll contain the usval standsrd matgagee claus~ w such o~F~sr claus~ st tM Mortpape~ may requlr~, makirq ~he lou unda sa~d po~i~
cies, each and wtry, p~Yab~e ro ssid MORTGAGEE ai itf intere~~ may appe+~, and each ~nd ~very s~ch po~iq shall be pramptly ~u ~~ed and delivered ro F
, •ny held by uid MORTGAGEE as fu~~her iecurity ~o said matfl~ga debt, and, no~ leu than a~ (10) d~ys in advance o( the •xpir~tia~ of each policy, to d~- ±
livs~ to said MbRTGAGEE a renewal thereof, logetl?K wilh • receipt fw the prsmium o1 such renewal; and there thall b~ no i~re o? wind~torm insurant~ ~
~ plac~d on a~y of said buildinps, •ny inter~at ther~in or part thereof, ~nlesa in the form ~nd wi~h th~ losf payabl~ as afaeiaid; and in the event any ium
of rtaney becomes payabte undar such policy w polrcie~ said MORTGAGEE shall have ~M opt~on to receive and sppty the s~me a+ +ccw+M ot the indebted~ S
ness secured hxeby o~ b permit s~id MORTGAGORS ~o rcceive •nd us~ it a any par! thereol for other ?urposes. wi~hout ~harebr waiv~ng o~ ~mpau- ~
ing any puiy, li~n or right under a by virtue oi thii mo:sgage; u+d in the event iaid MORTGAGORS shall fw any ~eawn fail to keep the said premises so
insured, w fail fo deliver p~omptly any of said po~icies of iniurancs to said MORTGAGEE, o~ fail promptly to pay fufly any p?emiunn therefor o~ i~ any
respect fail to pe~form, dixhuge, execute, effed, complete, cemply with and abide by this covenant, or any parf hereof, said MORTGAGEE m+y p~~ce +r+d i
pay iW such insura~ce or +ny part thereof without w+iving a affectinp any optio-+, lien, equity, or riyhl unda w by virtw of this Mongs~e, u+d the ~
full amo~nt of each a~d evtry iuch payment sAatl be immediately due and p+yabla ~nd ihall bear intsre~t from tM dat~ thereot until paid at the rats o! ~
nine per centum per annum and together with such interest shati be secured by ths lien o( lhis morf~ige• j
1. To permil, mavnit or suffa no waste, impairment or detariwation of s~id p?operty or ~ny p~A thereof• ~
S. To pay all and singul~r the cost~, charges and sxpenses, includir?p a reasonable attorney's fee and costs of abstracts of title, incvrred w psid a~
any time by said MORTGAGfE, because w in ~he event of the failwe on the part of the ssid MORTGAGOR to duly, promptly snd fully perform, d~uha~ge, f
execute, eifec~, complete, comply with sr+d abide by esch a~d avery the stipulations, s9reements, conditions, and covenann of said promiasory note and this
mortgape a~y w ei~he~. ~nd ~a~d costs, charges and ezpentes, e~ch and every, sMli be immediately due and payable; whether or no~ there be notice da
mand, attempt to collect a suit pend~ng; and the full artaunt of ~ach and every such payment shall bear i~teresl from the date the~eof unrit paid at the
ra~e of n~ne per centum per annum; and all seid costs, chargcs and expenses incurred or paid, ~oge~he? w~th such iMerest, shall be secured by the lien of tha ~
mwtg~ge. ~
6. _ihat.(a~ in _the ev4±1t _of anY breach of tF~is Mort~sge a deFauit on the part oi Ihe MORTGAG~R, or (b) in 11+e eve~N +nY of ~++d +ums of money _
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herein referred to be not promptly snd fully paid within thirty (30) aays nexi afrei the same several~ beioma due a~d p~ysbl~, w~fhou~ u? notK~. -
or in fhe event each and eve~y the stipulations, agreements, conditions and covenant~ of sa:d promiuo~y note and th~i mortyage a~y or either •re not
~uly, promptly and fully performcd, d~xharged, executed, effeded, comp~eted, complied with and abided Sy, then in e~ther or any such eveM she said sg
gregate sum mcntioned in said promiuwy note then remaining unpeid, with interest accrued, and aIl moneys utured hcreby, ihall betane due and p+y-
able fwthwith, w thereaher, at the opt~on of said MORTGAGEE, as f~lly and complNely as if all of the said sums of money were a.ginally stipulated
to be paid oo suth day, anything in said promisswy note w in this Mortgage to the contrary notwithstanding; and thereupon a thcreafter al the option ot
said MORTGAGEE, withovt notice or dema~d, suit ai law a in equity, therefwe w thereafte? begun, may bt prosecuted as if all moneys secured hereby
nad matured prior to its inslitution.
7. That in the event that at the be9inning of or at any time per+ding any suit u,~on this Ma~gsge. or to faecloae it, or to reform it, or to enfores
payment of any ciaims hercunder, said MORTGAGEE shall apply to the Court having jur~sd~cfion thereoi for the appantment of • Receiver, such Court sha~~
Forthwith appoint a receiver of uid mortgaged property al) and sirgular, includ~ng all and singular the income, p~ofits, issues and revtnues from whate~er
scurte derived, each and every of which, it being exprtssly unde~s~ood, is hereby mo?tgaged as if ipeci(ically set futh and dewibed in tM granting and
habendum clauses hereoF, ~nd such Receiver shall have all the broad and effective tundans and povrers in anywise entrusted by a Couh to s Receiver, end
s~ch appointment shalt be made by such Court as an admitted equity and a matter oi absolute right to said MORTGAGEE, and without reference to 1F~e
adequxy w inadequaty of the value of the property mortgaged or to the w~vency or insolvency o( sa~d MORTGAGOR or the defendants, and that such
rents, profits, incortK, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, discF~arge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements,
conditions and covenants ~n said promissory note and this mortgage xt forth.
9. That in the evem the ownership of the mortgaged prcmises, or an1 pari thereof, betomes vested in a perton other than the MORTGAGOR, tha
A',ORTGAGEE, its successors and auigns, rt?ay, without notice to the MORTGAOR, deal witl? such succeua w successw in inlerest with reference to this ;
mortgsge and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w diuha~ging the Mortgagors' liability hcre- ~
under w upon the debt hereby setured_ No sale of the premixs hereby mo?tgagrd and no fabearance on the part of the MORTGAGEE or its succeuors i
or a:signs and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or ies successors a assigns, slwll operate
~o release, diuharge, modify change a affect the ori9inal liability of tF~e NIORTGAGOR herein, either in whole or in psrt.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligstion sr
cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured herby.
11_ In add~tion to ?he fwego:~ monthly payments of princ"pal and interest required by the promissory note secured hereby, mort~agw covenants
and agrees to pay to mortgagee with each monthly payrnent an add~iional sum est~mated by mortgagee to be equal to 1% 12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against Ihc above described real es~ate.
B-Premiurns on fire and windstorm insurance as herein requ~red to be carriad on the improveme~ts situate on the above described premises.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me ta time deem fit to carry on the ban secured hereby.
Mortgagee shall `aam time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
~ ~yable_ow-tl~e_dua-~)ate.ef_thepe:t_monthly paym=nt~d~~sh successive momh thereafter ur,til rtartgagee shall notify mortgagw of a cfiange in such F
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' a-nount_ Such sums sF.at~ be applied by mortgagee toward the payment of real property taxes, insurance prem:vrru, a~~ mo7igeye guaranlyiasurance
; premiums.
E WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea! the day and a rst foresa/ ic~~
! Signed, Sealed and delivered in the_presence of: ~ Q,
' ' ~r ' s~,q
~ • A22zo~tWitnesses lc c~.e . arusso xan
~ ti. ~ Seaq }
~ ~~y S. 3/ .Sf- . (JA.22Z0~/ ~ -~Seaq
Ma y Co arusso
SiATE O~o~c Virginia ~
COUNTY OF Arlington ~ ~
eefwe me perwnally appeared Niekie H. CAlaIUSSO _ ~
Mary O. Colarusso bis wife, to me well known and known te~~~ ~'.~,y
the individuals described in and who ex ed the trument, and acknowledged before me that they executed the same fob`~,f~r
1/~el~/t ti.'
x therein exprcssed_ And the said ~ary ~:9°~~a?russo . , ~ 9'i ~ ~
i ie . o arusso - - '
~ ,vlfe of the said ~Po^ + ~i P~~d~ :
~ e:amination by me taken separate and apart from her said husband, atknowledged to and beforo me that she executed said instrumelp,~:. ~nd volW~a..
tariiy and without any compulsion, constreint, appr ension, a fear of w from her sa' husband. ' r``= - t; "G'.~
i?'.. - • . ~ +
~ WITNE55 my hand and official seal thi ~ dsy of u u S t 1~~
1
n ~ . c. •.t • : :
~ ~ ; ~:.~,A~r``
- Nota Public in and for the State o~ at'~E~
- My Commiuan e:pires: ~
RetwoTa ^ ~`n',7r) ~r~~~R,r Virginia. .
4~ First Federal Savings E Loan Association FInST r.-~:_.. ,•..~+..~5 AiV~ , ~
`'r or Fo.~ P,e«e. LC,'~;::~:~~~'~~;,-;l:~.. ~E?! I.~GTON
Fort Pierce, Florida ~ CiGfi'i{Ti:SS:~:: EXriP•~S-j~~3f~~1 18,1915
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` This tnstrument Pre red B f~~~p axu ~tcoROEO :
Pa Y Richard K. Kayes aY_~~Clf COUNtY FLA. ~
~ First Federal Savings 8~ Loan Association a0~~~ p~~TRAS ~t~
~ of Fort Pierce FlOiida? CLERK C~~~CUIT COURT
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