HomeMy WebLinkAbout0919 3. To {:!ece and connnuo~tly 0.rep oi~ !he L~i'~f~~,.~s neav or hrreofrer s+r„ite on so+d land a+cd on al, eq.~,~ ~+.rn~ ar.cl pe~sonally covrr•.d by 1h~s mor~g-
QQQ. w~rh all prrn>~,,n:s f~iat/fOn },a,J fv~~, 4~'C ~~'S~r~nCr ~rl 11~c` uS~3i St~u,:~e!d F~oi~c,r lorm, in A~unl d~.pfO~ld ~y thC l.~U~~~v:~:~[E. o".(~ w~•`(~StGnn
~nsurance in the ~wal s~anJ,rd po, cy fo~~n, in a s~~n eppro.rd t,y ihe MORTGAGEE, in such co~npam~ or c:..~par.~ez a: the A5uk1GAGFE may
d~rect; and att fire and w,ndsrorm inwra»~e poGc~es on eny of ~i,d bu~:d~ngs, any intr~re~ therein or part thcrcof, in the ayyr•,~,re sc~n aforeaa~i or
in eacest thereot. ~hall cont~in ~he ~s.,.+l stanJ~rd n~orry,~ee ciouse or such oiher ~lauie as the Mo~lgayee may ~eq~.re, making ~i~~ ~cis ~~~J.•r s„d poti- '
c~es, each and every, parau'r to said ?.WRiuAGEE as ~n~erest may ap~xar, and each and e~rry s~ch po~~c~ ihali oe piurt.pt,y ess c~~~cd a~ d dr:~~er.•d ra
any held by syd MORIGAGEE as Fur~he~ security to sa~d ~~~on~:,y~ dab~, a~~d, nor le~s tAan ten (101 days in advance of ~he eapiret.on o4 eaci, pd~c~. to de-
liver fo said MORTGAGEE a~enewal ihereof, together with a rece~pt for the premfum of such rene•wai; end rhere sha~l ba r~o i~~e or w;~~.i~~o m ins~rance
plaCed o~ a~y of sa~d bvifdings, any int.~res1 th~rom o~ part Ihereoi, ~nless in the form and with the ~oss payel,'e as aSaresaid; and in Ihe event any sum
of money f~e<ornes payab'e u~~der su:h pa.~cy or pol~i~es sa~d MOR~GAGEE s~~~~l have the opr,vn w recv~ae ;nd ap~.iy ~he ssne on ac:o~nr of ti~~ b«1cot~d•
nrss aec~r~d hareoy or fo per^ut s,~d ;dURiGAGORS io rrcr~~a end usr it or ;•,y ;,r,,r ib,~:, ot ~:.r o~.,. • c:• z. ~t~
ing any equ~ty, i,en er nyht ~nd..v o~ Ly virtue of Ih~s ~ncrtgege; ar.d m ~he event sa d MORiGpGORS sh.+!i for, any ~rason fr~l to k~•op the s.+:d pr..•mis:S so ~
~nwred, ur fail to deli~er pra~~ptly any of S~~d poLues of insurance lo sid MURiGAGEE, or f„~: prc~•:ptly to f.ay fv ly e+~y ~rr n.,,:n T1irr, for or ir: a•~y
respeo fail to perfo~~n, d~scharge, ri~•wr~•, e(ten, con~ptete, co.nply with and ab~de b~ t!~•s cove~:anr, or any p.,~~ hareuf, s~~d MuRiGAGEt n~..y piav~ a a
pay fOr such inwronte or any parl lhrreof w~thOUt waiving or affCUing any opt~un, lien, ey~~ty, or ri~ht unJe~ or by v~rtui o1 this ~.lcctgagr, and !he '
fc11 amo~~t o1 each and e~ery suth peyrnanf ihaN be ~mmed~atefy due and payab!e a~id ihall bea+ interrst from Ih.: dote lhircol untel ~;,,id at Ihe r~te oi
n~ne pe~ tent~in per annum and to7eth~:r v.ith su:h inte~~s~ shaii :ie s~c~red by the l~en of 1hiS mOrtgagC. ~
To permi~, eommu or suHer no waste, impairment or deteriorahon of sa~d property or any pa~t the~eof.
5. To pay all ar.d singutar the costs, chaiges and expenses, includ~ng a reasooable attorney's fee . nd costs oi abs~~r.cts of tine, inc~ned or pa,d a~
any time by s~~d MORTGAGEE, becauae e~ in fhe evenf of the failure on ~he part of the sa~d MORTGAGOR to duiy, p~o~r~p~~y and fuUy ~;~riorm, d~sc~a.ge
•~xec~te, effeU, compiete, canply w~th and ab:de by each and eve~y the st~pu~auons, sgreements, conJ~tiont, and covenants o~ sa~d pro~»~>sury note o~:d ih~~
.~~orrgage any or e~~her, and sa:d cost1. chaiges and eapenses, each a~d every, shal! Gr immrd~otely due and payab:e; whether or not ~here be no~~cr d~
mand, attempt to callect or suit pend~ng; and ~he iu:l a~nount oi each and every such payment shall bea~ ineeres~ from the date thereof untif pa~d st ihe
r~~~• ot n:ne per cenwm yer an,~~:n; an;: a~l ss~d ws~s, ci~ar~es a~~d ixpenses irKUrred or pa~d, togeif~er ~v~th s~<h i~~rerest, shall be secured by the I,cn of th,~
mortgdge.
6. That (a) in the event of any breach o1 this Morgage or defa~h on the part of the MORiGAGOR, or ;b) in the event any oi sa:d sums of money
hrrein referred to be not promprly and fui~y paid w~~hin th,rty (307 days next adter ihe same seve~asty hecome due and payabte, w+N:out de:nand o~ nor~ce,
or (cj in the even? each and every the sr;pulanons, agreements, cond~t~ons and covenants of sa.d promissory note and th,s n~ortgage any or e~~her are nol
iuly, prompNy and fvtty perforrr.ed, d,scharged, ececut~d, e~fected, co~r.p;eted, co+npf~ed with and a6.Jrd 5y, then ~n e~ther or any wch event the sa~d ag
3regate wm mentioned in sa~d pro:nissory,ncrr then ~ernainin9 unpaid, wdh interest acuued, and a:l moneys sec~red hereoy, shall bcco~ne due and pay-
ab'.e for.hwilh, or ~itereafter, at ~he opt~on o4 said MO~TGAGEE, as t~lly arx3 complete~y as if ai~ of thE sald sums of money wer2 or~ginatly st~pulated
to be pa~d on such ddy, anyth~ng in sa.d pro~n~ssory note or in this Mortgage to the contrary notxAhstand~ny; and thereupen or ihereaher ai Ihe o~:a~on of
s~ d MORTGAGEE, nnhout ner~ce or demand, suil at law or in equity, therefore or thereafrer begun, n~ay be prose~uted as if alf moneys secured he~eby
?~d matured pnor to ~ts ~ns~~rvtlon.
7. ihat in ehe event that ar the beylnn;ng of or at any t~me pend~ng any su~t upon ~his Mortga~e, or to torectose it, or to reform ir, or to ertfcrce
~ayment of any de~nzs herevr:dar, sa,d l.!ORTvnv~= _ha!1 apply to the Court havi•ig jur~sd~ction therco~ tor the appo~ntment of a Reteiver, svch Court shad
f,;:hwi:h appo~nt a recerver of sa~ci mortgag~d proparty aii and s~ngutar, inUud.ng atl and singular ihe ir.corre, p~ofrts, nsues ar.d reve~~ues from wh.:errer
s,~rce der;~ed, each ar.d every of wf~.~h, It be~ng exHressty undersrood, is he~eby morrgaged as +f spec~fical+y set fo~~h a~d described ~n the grant~ng and
n.,bendvm ciauses herQOf, and wch Recei,e~ shai; have all the b~cad and effecr~ve funct.ons an~? powen ~n anywise emruated by a Court to a Recri~er, and
:,ch appointment ahilt t;e made by such Cou~t as an ad~nitted equity and a matter of absoiure r~ght to sa~d h~OR7GAGEE, and w~rh~ut reference to the
td_quacy o~ i~adeq~acy of the valve of the prope~ry mortgaged or. to the son'enty or ;nso`.vency of sa:d MORiGAGQR or the deia~~dants, ar.d that suth
re~rs, profits, income, issues and revences shati be app:~ed by such Rece~ver acco~d,~~g to the Gen or equiry of sa~d M08TGAvEE and tF.e praci,ce of such
Co~rt.
B. To duty, prompt}y and fulty per'orm, d~scharge, execute, effec?, compiete, con,ply w~th and abide by each and eve~y the stipu:ations, agree:~~ents,
conditions and tovenanrs in so~d promissory r.ot~ and th~s mortgage set f~rth. -
9. That in the event the ovvr.ership of the mortgaged premises, er any part thereof, beco:n4s vested in a person othe~ than the MORTGAGOR, the
:•^RTGAGEE, its suctessors and ass~gns, may, wirF.out narice to the 1t10R7GADR, deat w~rh such successor or successor in interrst w~th reterence to this
~~c-tgage and the debt hereby secwed in the same mana~r as wiih 1Aortgagor without in a~y way vit:ati~g or d~scha~ging the fdortgagors' liabiiity her~
~.,nder pr vpon the debt hereby secur~d. No sa'e oi the pre~nises hereby mortgaged ar.d no ~orbearance on the part of the MORiGAGEE or its successors
cr ass~gns and no exte~son of the hme for ~he paymem oi tne debt h~reby sec~red given by the ~hOR1GAGEE or os successors or assigns, aS~all operate
ro ce+ease, d.scha:ge, mod:fy change or affect the a*i~mal Ifab:f~ty of the MGRiGAGOR here~n, either ~n whoie or in par~.
10_ It is spec~Ekatly agreed that t~me ~s of the essence of this contract and that no waiver of any ob;~gat~on hereunder or of the ob:'igation se-
cored hereby sha.'i at an! t~r~e thereafrer be he:d tu be a wa~ver of the te~ms hereol w of the instrument sewred herby.
I1. In aod.t:o~ ro ti:e ioreqo rncntiry };~ym~nts of pri::c pai and interes! requ~red by the prom s>cry ro'c s2:u~ed h~reb~, moriga3or tovenants
:•.d agrees to pay to r:crtgagee v.ith each r.-~,:rV~ y~,a;~ ;ent an acid~nonal s~m esr:~ a+ed by mortyagee to be eq~al to 1, 12 of the ,;nn~at cost of the foliow-
_3:
A-Alt rea~ prop-~~t~ +3x~s %ev+ed er ass_~ssed aq3i•ur thc ai,ove dcscr{bcd raal es'ate.
B-Fr~:..•.,ms on fire acd windsro:m in5u~arCB as i~are~n raq~~wd to be carried en the ~mprovzme~ts s:tuate on tn~ above d-csc•ibed prernises.
C-Pr~mi~r•~S on such m.artg~ce gvaranty ;c;ur,~•.;~ ~s mo-tgagee sha~i 4rc•~ t~me to time drem 4it to carry on the loan secvred hereby.
rlortgagee sha:i irom t~me to ~+~~~.e ~~ct~f; mcrtgagcr in writ,ng of the an-,ouht due and payable herev~drr and such s~m sha:i thereupon be due and
.=;~b!e on the d~e dy+e of rh= r,c.r n,onth'.~ p,y:,n.nt and e~ch svccess~ve mo~th fh~;eafr-r untii rriortgagce shall ~ot~fy morrgagor of a change in such
^unt. 5uch swns sFa:: be a, F!i_:f h~ ~,ertyay.~e to,.ard the payment of real properry taxes, insura:xe prem.~m3, and mortyaga guaranty insurance
•-~'emium5.
IN Y1ITPJE55 '::HER~OF, tne sa~d h10RTGAvOR has hereu~to set his ha.^.d and seal thr day and y ~oresaid.
S~gned, Sealed and deiivered in the presence of: ~ ^
_ - V
, ~ ~ n
; ~ ~,~fr11 Ste h Her elend ~
; Lli7vs-~[~ fZ -•ry`~ G - { al)
_ _ Blancbe Hertelend a,~
i S":+TE OF F~C?"~I,t.~n?~~ !
i } S$-
~ ~~"JU'JTY OF ~
i Betore me persona ly appeared StePnQ11 HE?Y'C@lell(~y
and
Blanche Nertelendv
~ his wife, to me weSl known and known to me to be
the ind'+viduats described in and v~ho executed ~he foregoing instrument, and acknowledged before me that they executed the same for the purposes
- rherein expressed. And the :~:d_ Blanehe Nertelendy
; ~~fe of th. said _~tCPher1 Hertelendy upon a separate and private
g ^xam~nat~on by me taken separate and apart from her said husband, ackrrowledged to and before me that she exetuted said instrument free{y ard votum
!a~~iy and v~~rhout any compufsion, constraint, apprehens:on, or fear of or from her said husba~rd.
~ WiiNESS my hand and offic~al sea7 rh~s__~~~~ _ day of_ OCLOb Y A. D. 19 73
~
Notary Pubt' ' and for e State oF•1Ywli~-M~-kerc~e N- J.
s
; My Comm~ ion ezpires:
Ret~~~ to: NOTARr wKK pj MEW 1ERSEY
; First Fede~al Savings E lo3n Associat:on y,,
` Gf fort P:,,~.. mi,~c~~Pf~'~~Q7,
Forr Fi.,rce. F:Crida `~~~``~?~~~~u..., .
~ ` T '
~ q ' ~ r: n
~ _ " d'•.
~ ~ o.. -
; This Instrument Prepared B~. H. RobeZts ~ JY . ~ ~~y ~ • J~C ~ "
First Federal Savings 8~ Loan Association Ej~2 ~ . -
~ of Fort Pierce FI~r ida ~ kOE~ f"' ' ~
.
; ' fIt`D~~y~;.,+thSY fll?~ ; ' - , •
Checked By , tt k~:.~, r;"'9.A5
_ G,~; r, ~ - ~~Jll~j
prr~RC Yi .
' ct 30 ~~0 a~' ~ 3 sQ~ 2~0 ~ci ~3~~
0
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