HomeMy WebLinkAbout1182 3. To piace and conrinvously keep on the b~~'d~~.gs no.v or hereafrer s~tu~re on su~d ~and and on al; ~q,,iN~nent and prrsona'~y co.~-red by this mo~tg•
ege,- wnh ~I~ premwmf ~hereon ped ;n iuil, t~re ir,su~n+ue ir, tht usuai s~an~a+J pol~cy form, in a s~m a4pr~.~d by !hc h1JR~Ci.a~~E~, a~~d w~nduwm
insurance in the usua~ sl~rtdard po..cy for~n, in a su~ii approved by ~he MORTGAGEE, in such co:n~a~y or cumi>ames as ~he MORTGAGEE may
direch and all fire and w:ndatonn ~nsurar.ce poi~c~es on any of sa~d buitd.ngs, any interest therain or part thc+eo~, in ~he aggr~yire s~m aic~esa~d or
in excess thereof, sh~ll contain the ~wal s~a~~dard morfgagee c!ause or such other cljuse as the Mortyagee may requ.re, n~aking ~hr wss ~nder sa~d poli-
cfes, each and Nvery, paya5le ro sa~d A1pRFGAGEE as ~~s intriest may appear, a~d each a~id every sucfi po:~cy ~he!I be pwmptly ass g~.rd e•~d de~~vcr~•d ~o
any held by sa~d MORiGAGEE as fu~ther security ~o sa~d ma~goge deb~, ar.d, not tess than ten (10) days in ad:3n(G oi th~ exp~ranon of each po!~cy, to de-
liver to ~aid MORTGAGff a renewal therrof, iogeihrr witn a rece~p~ for thr premium o} such renew~~; a~~d ihrre shaU be no f,re or w~:~da+o~m i•,surance
plated on any of said b~i!dings, any interest ~here~n or part thereof, unless in ~he form and with the loss payab!e as aforesaid; a~~d in ihe event any sum
of money become! payable under s~ch po';ity or pol~ciea sa~d h,ORTGAG[E s?~all have the op~~on to rrc~rve and app(~ the san~e on acco~nr the ind~•Lted-
ness setured hrreb` w to peimit ~aid 1AORTGAGORS to rrcr~ve and use it w any p;:rt the:eof t::r o:~~• r i.uri csr;, ...~i ;_r th y..~ r•.p..~~-
~~g aoy equrty, lien or .~<~ht under or by v~r.ue ot thia moragage; and In the event sa d MORTGAGORS sn.i!! for any rcaso~ fail to krcp ihe :~~d pre,nurs ao
insur~d, or fail to de6ver pra~~p~ty any of said {wGcies of ~nsurance ta ;a:d A10RiGAGFE, or ia~: p~o:npfly to pay fuily any p~r.~~,u:n ti~r~efor or ~n a~~y
respect tail to perform, d~u?~a~ge, executr, effect, Complefe, comply with and ab~cfe by this covenant, or any part h~~reof, s..~d 1AvRiGAGEE may p~ace a~a
pay fw such insurance or any part thrreof w~thout waiving or affecting any opt~ex~, t~en, equ:ty, or ~~gh~ ~nd~r or by v~rr~e of rh~s .ti'orrgaye, and the
full a,noun~ o! each a~d eve~y such paymem shelt be ~mmediately d~e and payable and shall bear ~nterus~ from the data thercoS uniil p~~d af the rate o1
~~ne pe~ ceroum PfT dnnUm and to~rther ~.nh such iniere:~ shali be sawred by the tien of this mortgage.
1. (o permit, commit or sutfe~ no vvas~e, impairment or deter~oration of said property o~ any part thcreof.
5. To pay all and singu~a~ the costs, charges and expenaes, ~ndud~ng a reasonabfe attorney's fee and costs of absnacrs of tiHe, incurred or pa~d at
any tin:e by sa~d MORTGAG.E, beca~ae or in the evero of the fa;~ure on the par~ ot the said MORTGAGOR to duty, pro•np~ly and fully perionn, d~3Ch3!ge.
~xecute, effect, complete, con.pty wnh a~d aU:de by each and e~~ery the stipulations, agreamenfs, cond~~ions, and covenanrs of sa~d pro~n~ssory note and rh~s
mortgage any or e~ther, and sa:d cosrs, charyef and expenses, each and eve~y, shall be irnmed~ately due and payab:z; whe!her or not there be noT~ce dp
mand, attemp~ ro toUect or suit pend:ng; and the full a.moum of each and e~ery such payment sha11 bea. interest irom the dera therrof until paid at the
r~te of nine oer crntum per anna:n; o~~d ali said coats, cha•ges a~id ex~enses ~ncurred or paid, togett;er ~~,th such inrerest, shall be secwed by the I~en of th~s
mwtgage,
b. Thai (a) in the event of any breach oi lhis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aa d sums o( money
herein refe~red to be not pro~npt~y and full•> paid wi:hin th~rty (30) deys next aher fhe same severatiy become due and payable, wirho~r de,riand or no?ue,
or (c) in rhe event each and every the stipu:at~ons, agreemenrs, conditions and covenams of so d prom~sso~y note and th,s n:ortgage any or e~ther are not
~u~y, promptly and fully performed, dacharged, exewted, efiect~d, compieted, compGed w~th and ab~ded ~y, then in either or any wch event the sa~d ag-
~regate sum menrioned in sa~d promissory nc~e ~hen ie~~:ain~ng unpaid, with in~ere;t accrued, and a~l moneys secured hereby, shall become due and pay-
ao',e fonhwith, or ihereafter, at the opt,on of se~d M02iGAGEE, as iully and completety as if a!1 of the sa~d wms of nwney were or~gina~ty st~putated
ro be pa:d oo such d~yc.~~nytteing in sa:d pro~nnsury note or in this 11Aortgage to the contrary norv:~rhsrand~ng; and ~hereupon or thereafte~ at the opt~on of
s7ld MORTGAGEE, w~rhout nonce o~ de:nand, auit at low or in equity, therefore or thereafter begun, may be orosecuted as if all nioneys sewred h,:reby
had matured pr~pt to ~ts instituuon.
7. That in the evenl that at the beginn~ng of or at any'time pending any su~t upon th;s Morfgage, or to forecfose it, o~ to reform it, or to enforce
payment ot any ciaims hereund~.r, said MORTGAGfE shail appty to the Cou~t havirg ~u~nd:ct~on the~eof for fhe appo~~tment of a Receiver, a~ch Cour~ shail
Eorthwith appoint a receiver of said moregagrd property all and s~ngular, inc~~d:ng al! and singu~ar thz ;ncon,r, prof~ts, issues ar,d rere.^.ues irom whate~er
s~~~ice derived. each and every of wh:ch, rr being expr~ssiy understood, is he•eby mongaged as ~f spec~fical:y set forth and descnbed in the grant;ng and
h>~ndum davses hereo(, and such Receivcr shal{ have all the b~oad and efiech~e fur~t.ons and po,ners in anyw~se entrusted by a Covrt to a Rec~i.er, and
:~:h appointment shall be made by such Court as an admitred equity and a marrer oi abso~ute nght to said MJRIGAGEE, and wlrheut referer,ce to the
+deq~acy or inadequacy of the va!ve of the properry mortgaged or to the so:vency or insolYency of sa+d ~dORiGAGOR o~ th~ defendams, and th~e wch
~~~~ts, profits, income, issues and revenues shall be appiied by su:h Recriver accoro~ng to the lien or equ~ty oi said MORTGAGEE and the practice of such
Court,
8. 7o duJy, prompt;y and Fu1!y perform, d~scha~ge, execu~e, effect, comp(ete, co~~yly w~th and abide by each and every the stipu~atiens, agreements,
conditions and covenanrs ~n sa~d promissory note and th;s mortgage set fo~th.
9. ihat in the event the ownershlp of ihe mortgaged prernises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the
~'ORiGAGEE, i:s successors arsd ass:gns, may, w[rhout ncr.c= to !he ti•.ORTGAOR, deai with such svtcessor or successor in imerest with refe~ence to this
mo•fgage and the debt hereby secured i~ the same manner as with fdor!gagor w.shout in a~y way vitiatin~ or d,scha~g~~g the /Aortgagori Iiab;Gty here
~nder or upon th~ debt hereby sec~red. No sa;e of the F+e~*,~s~s hereby m,ortgaged and no forbearance on fhe part oi the /AORTGAGEE o~ its succrssors
or ass~q~s and no extertsion of the time tor the payment cf the debt h_reby sc•c~red given by the 1~!ORTGAGEE or its s~ccessors or ass:gns, ahall operate
+o release, d~scharge, modify change or offect the orig,na~ I~ab .:ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec:Eically agreed that t~me is of th~ e:sence of ti,~s contract and that no waiver of any obl~gat~on hereunder or of the obf+gation se-
:ured hereby shali at any time thereafter be he:d to be a waiver of the terms hereoi or of the instrument secured herby.
I1. In add r~c~ to the ioreoo n~ ~,~on'h'y ~;~y r•._nfs of p:mc pal a~d inrrrest requ~red by the prem sscry no~c sece,red he~eby, mortga~or eover,ants
and agr~es to pay to mortgagee r.~sh each ~:~;,nrh y pa~r ~e~A an ad~~~ional sum ~s!:n,ared by morryagee to be eq:,a~ ~0 1 i2 of tE:e a;~~-vat cosr of the foliow-
~ng:
A-AII fFal p~op^_~1~ 13x:i ~f'lif:: pr 355•~SStCI .1~3i~:51 t~~C dL`O':C (~LSC'~.1i•.(~ f~3~ CSid1e.
B-Pren,wrrn on f:re and windstor=n ~nsu.arce as herc~n requ;red to be <arried on the :rnproveme~ts s~tuate on th: above desc~ibed prem;ses.
C-Pre~r~iums on such mortg ~ye gua~anry msurac~e as ma•tgagee shalt fro•c t'me to time deem fit to carry on the ioan secureJ hereby.
Mortgagee s~~.aEl fru~n iimr to r~-r,e no~;f; mortydqcr ,n w~i?~ng of rhe amou~it due and payabfe hereunder and such surn shall thereupon be due and
, syable on the due ciate of the next monih:y payment and each w:cessive month thereaiter vr.tii mcrtgagee sha!1 not:fy mortqagor of a change in such
d~~~o~nt. Such s~ms sha.i be app:~~~d by ~norrgary.:e tor.ard tiie payment of real pro~rry taxes, insu:ance prem:ums, and mortg3gz gua~anty insurance
~ ~'emiums. _
IN ~'~ITNESS :'/NEREOF, tne sa~d MORTGAGOR has hereu^.to set his hand and seal the day an year iirst af~ sa~
Signed, Sealed and deiivered in the presen~e of: .i
- ~aq
'~'.~'.r"" t h- (beal)
- t~ ~-«-~"-G- E-7-~ L'-l~ W+-'l
- _ E'1 2'19 A • t.6 6 AT'll1 (
S e a l)
STATE OF NEW YORI{ ~ ~ ~
-S l--rv L It ~ 55.
couvTr oF ~ '
Before me personaiiy appeared ~ aT03AD . T S.egemann a,,,d
- ~ B1Priede H. Ste emann
~ his w~fe, to me we~l known and kno•Nn to me to be
, rhe individvais described in and who executed the foregoing instrument, end acknowtedged before me that they executed the same for the purposes
ih=rebn expressed. And the sa~a_ _E1Priede H• t@~AIn~nn
r~ife of the said ~~se h J• S~iB _ upon a sepa.ate and private
e=am~nation by me taKen separate and apart from her said husband, acknow{edged to and be(ore me that she executed said instrumeM freety and votun-
rar;ly and w~thout any compe,fs~on, constrainf, apprehens~on, or fear of or from her said husband.
1Y17NES5 my hand and otfiual seal this_ ~1`-'__ day of ~C O er A. D. 19-~L
i
y~- ~'L ..~1..~". . f
" Notar~ P~b ' in e.id for tfiz State of- Fto~s'~at tal~ ~ :
My Com sion expires: .y'`..' ± ~ !'J'4.:• 1 'i Q~'. •v
Rerum io: , „ = t~ 7
First Federal Savings b loan Assouar~on ~!'s `'f" ~ ' y=
Of Fort P e:ce J~.:": i"~ r3 O~~nl~ -
F~., F~e,ce. Fto. 2f'7458 ,t;;~: 3U.
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_,R r
fILEC AH: ~ECORoFn ~ ~ ' ~
ST.IUCiE G~L'N111 flA.
This Insirument Prepared By J. Roberts, JI~• pr~~, ~q~~q~s t
First Federal Savings & Loan Association ClE~K Cf.=CUIT CO~JRT
of Forr Pierc ~ FlOrida a~C~~R~ vEk~~ ~EQ
Checked By IWV 1 9 Z? pH ~13
BQO~ 2~0 p~~~1~ 79
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