HomeMy WebLinkAbout2552 To p~ace and continuously kcep on Me b~~id~~.gs now a hereafter s~tuats on said ~and and on aU eqw~,ment •nd peno~a~~y ~overcd by th~a mo~~g-
age, with ell premiums ~her~on pa~d m Fu~t, Lre ~nswe~~ce m tnt ~su~1 stondard po~~cy fam, in a~~m appro+ed by tha MUR~GAI'aEE, a~~d w~ndatorm
~naurance in the usval standa~d pol.cy ;w~n. ~+i a s..~n a;.provad bv ~ha MORiGAGEE, in such canp~ny or co~~pames as ~he A'~ORiGAGfE ~++V
d~rcct; and all fire and w~ndstorm inwrante po~~ues on •ny o( fa~d build~ngs, any interrst therci~ ur pa~1 the~eot, in ~he agg~rya~e avm afo~csa~d w
in excess Ihereo(, shall con~iin ~hs uwal s~andarJ n,origegre davse w such o~he~ cl~w~ as Ihe Ma~gagee may req~~.e, ma~~np ~he ~oss unJer s.+.d po:i-
des, esch and every, payabte ?o said MORiGAGEE as ~ts ~Neres~ ~nay appear, and each and eve~y fuch pui~cy st~ili be pr~mp~ty ais g~ed end de~~~•r~.~d to
any held by sa~d MORiGAGEE as furthor secu~i~y to sa~d mortgage dab~, and, not less than ten (101 days in adva~xe ol ~hc erp~r.f~w~ of each poLC~, to da
fver to said MORiGAGfE a renewat the~eof, ~ogeihe~ wah a rece~pt fpr ~he pre~~~wm ot such ~enewat; and ihc~e shat~ be ~w f•~r or w~~~dsiam ~ns,,rance
pleced on any ol said build~ngs, any interest there~~ o~ pa+t ~hcrecf, un!rss i~ the form and with th~ loss paYaoie as a'.ore?a~d; and in the e~em any s~m
o~ nwney t:r~cc~~~zs payabfe undrr such ~lity w po~~das seid MORTGAGEE sFall hsve ~he opt,on to rece~~e and apy:y the ao•ne on atcount oi ~ne i~~d..•ctrd-
ness secwed hereby or ro pe~mi~ sa~d MORTGAGORS to recriva and use it a any part ~h.::eof io~ o:n~•~ Hur~•csrs. .v~~~~o..! ~h-•.~+ 7
ing any equity, ~ien a rght under or by virWe oi this moctgage; and in the eveM sa~d MORTGAGORS sl~all for any reason fail to kcep the sa~d prem;s_s se ~
i~sured, or fail to deGver pranptly ~ny of fnid polKies ol ~nsu~ance to se~d MORiGAGfE, w fa~! prompNy to pay fu;ly any prr~~~~~~n tl+craior w in any ~
resped (ail Io perform, d~scha~ge, execure, effec~, complete, compty w~~l~ and ab~de by th~s covenaN, a any pert he~eol, sa~d MOR1v~GEE may p~ace a~~o .
pay for auch insurance w any part Ihereof w~thou~ waiv~ng or affecting any op~~on. lien, equ~ty, or r~~ht under w by virrue of this Mortg~ge, a~d tfie
f„II a~nount of eath and every such paymem shall be ~mmedlately due and payable snd shall bear intereat from the date thereoi ~~~fii pa~d at the raee o+~ ,
n~ne per cenium per annum and togrther wnh such i~,tr~e~~ shau be s~cured by the I+en o( th~s mortgsge.
To permi~, commit or suf(er no waste, impairment w deterioratio~ 01 said p~operty a any part Ihe~cwf. ~ •
5. To pay all and singular the costs, chargea and expen~es, ~nciud~ng a reasonable attune~ s fee and custs of abstracts o1 t~tte, incur•ed w pa~d at
eny ti~re by said MORiGAG.E, because or in the event of the failure on the aart of ~he sa~d MORIGAGOR to du1y, pro~npHy and fu~~y periorm, d~xha~ge
e¦ecute, effeU, comptete, comply w~th and ab:de by each and every the stipular~ons, agreements, cond~~ioni; itkJ sovenanis of.aaid pr~m;sory r.ote a~d ih+•
mo~rgage any w e~~her, and sad costs, charges and expenies, each and eve~y, shall be immedia~ely dur aMk! paya~!ea vrlwef+i~? er~*+W ~here be not,ce d>
mand, attempt ro collect or suit pend~ng; and ~he full amo~nt of each and e~ery such paymeM ahalt bea. inierest irom rhs date ~~reot unri! paid at tne
rs+c of n~ne per centum per annu:n; end all sa~d costs, charges and ea~nses incurred w paid, togrthrr w~th tucA iMerest, thall be setured Ly tha I~en ot ths
' •
mortyage. . ~ •
6. Thal (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGpR, o~ ;b) in thee~vent any of sa:d sums of mo~ey
herein referred to be not promptly and iully pa~d wirhin tFr,rty (30) days next a'fer the same sevadl~Y become'due and payaWe, without demand or no~~ce.
or (c) in the evem each and every the atipu~anons, agreements, condirian and covenants of sa.d prom~swry ~note and th~s ~mw~gage any or e~ther are not
i~i~r, promptiy and t~3iy ~:forrc:ed, d.xharged, eaecuted, effected, completed, comp(~ed with and a~~Jrd Sy, then in e~the~ or any suth event the sa~d ag
~regate sum mentioned in sa~d promissory note then remaining unpaid, wirh intrre,t acuued, ar~d a~l moneys secur~d hereby, ?hall betome due ar+d pay-
ab'e foithwith, or thereafter, al ~he opf~on o4 sa~d 610RiGAGEE, as fuliy and complrte~y as i1 a~l o( ~he sa~d sums of money were Or~ginatly st~pu:ated
to be Nald on svch d.:y, any!hing in sa.d p~om~ssory note o~ in this Mortgage to the contrary not.v~~hitandny; and thereupon or thereaf~er as the opf:on of
s=:d MORTGAGEE, withcut nonce or demand, s~it at law er in equ~fy, therefere w Ihereafrer begvn, may be prosecuted as if all mon~ys sec~red hereb~
r.~d matured pnor ro ~ts msut~tion. •
7. That in ihe event that at ihe be9~~n:ng oi or at any t~me pend~ng any su~t upon tF,~s Mor~gage, w to forcttose it, or to reform it, or to enforce
~ayment of aoy cia~ms hereundrr, sa~d MORTGr1GEE sha:f apply to the Court hav~r,g ~urhd~ci~on ihereot for the appointment of a Recerver, svch Covrt shail
Forrh~vith appoiN a receiver of sa~d mortgaged pioperty all and singuta~, includ~ng uil and singutar the incor,u, profits, issues and revenues from whate+er
source derived, each and every of wh~ch, It being eapressty unders~ood, ~s hereby mortgagrd as ii spec~(ically set for~h and descr~bed in the g~ant~ng and
h~~e^du.^.: c!auars h-r~e~, a^~! sw_h Receiva sha!1 have a~~ ~h. hr<,ad and Pffectiv~- funci.on: and oowers in anvw~se ent~~sted by a Court ro a Rrcr~ver, ar.d
s:.ch appointment shall be made by s~ch Cou~t as an adrnitted equity and a matter of absolure nght to sa~d M.ORTGAGEE, and V1i~tIlCJT reterencr to the
adequacy or inadequacy of the value of the property mortgaged or to the so.~ency or ~nsoivertcy of sa~d MORiGAGOR a the defendants, and ~hat s~ch
renis, profits, income, iss~es and reve~~es shail kx appt~ed by wch Receiver accerd~~:g to the lien or equity of sa~d MORTGAGEE and the prau~ce of s~ch
Court.
8. To du!y, prompt:y and fully per(orm, discharge, execute, effect, complete, compty w~th and abide by each and every the st~puiat~ons, agreements,
conditions a~ covenar.rs m said promissory note and th;s martgage set forth.
9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'~RiGAGEE, its su[cessers and assigns, may, without notica to tne 1L10RiGAOR, deal n~ith su[h wccessor or wccessor in inte~est w~tn reference to thi3
r,orrgage and the d^bt hereby sec~red in the same manner as vr~th 1'.!ortgagor w~thout in any way vitiating or d~xharging the 1Jlwtgagori iia6ility Mre
~nder or upon the drbt hereby sec~red. No sa!e o1 the prem~ses i~e~eby mortgaged and no fo~b>_a~ance o++ the par~ of the /AGRiGAGEE or its successors
or ass~g~s and no extenslon of the nme ior the payment of the deb: hereby secured gi~en by fhe MORTGAGEE er i~s wccessors o~ ass:gns, a::all operate
ro ~elease, d~scharge, mod,fy change w atfect the orig~nal I~ab:i~ty of the NORIGAGOR herein, either in who~e or in part.
10. It is spec~4icaliy agreed that tirne is of the esse~~ce of this contract and fhat no waiver of any ob~Egat~on hereunder w of the oblgation se-
cured hereby shali at any time thereafter be he:d ro be s wo~ver o[ the terms hereol or of tFx instrumeM secured herby.
11. In add tio~ to the ferego n9 mo~!h!y paym_nts of princ pal and interes~ required by the prom:ssory no~e so.ured hereb~, mortgagor covenants
~~.d agroes to pay to rr.o-1gagee w~sh each mun~hiy pa~~.,ent an add:uonal sum esr~mared by mortgagee to be eqvai to 1, i2 of the a«nuat cos+ of the fo;iow-
i
i A-All real prope~ty tax~s lev~ed o+ assessed ag~~•:st thc above desc~ib~d ~ra~ estate.
~ B- Pr~~r.~;,-ns o~ fve and wirdste!m ~nswarce as herein requ:red to be carried o~ the imFrovements sitvate on the above d°scr~bed premises.
E
C-Premiun~s on such mort3;ge gua+ar,ry ~rs~~rar.ce as mo~tgagee shal! frc r me To t:~ne deem fit to carry on the loa~ sewred hereb~.
` Mortgagee s~a:l from t~me to t+vie ncni; mo~tyagcr In wrinng of the an:o~m dve and payable hereunder and such surn shaE1 tnrrzupon be dve a~d
i ,~,able on the'due ciat? of ihe next monrht~ pay~nent and each successive momh the•eafter ur.tii mcrtgagee sha!I notify mortgagor ot a change in such
t , o~nt. Sucfi s~ms sFa:i be app.ied by morrgag_•e fo+vard the payment of ceal property taxes, insurance preR:.ums, a~~d mortga~e gua~a~ty ~nsuranca
~ c•emiums.
~ IN Y~IT~If55 Y~HERcOF, rhe sa:d MORTGAGOR nas hereu~to set his hand and seal the day a r first afwe ~
~
~ Signed, 5ealed a:id delivered in ihe presence of: ~
_ I i
~ 1(I_~/ H ~/l~_.C-[.~r.~s~--i ~ $ean
~ t•~ itnes • .~c~~ i.. Scott tsea0
~ . r ~ f n ~ ~ ~fZ.~~GL-t.:-~ G ~ (Seal)
~ it~e s _ _ Mildred E. Scott ~~aq
~
s; ~7E OF Ne~r Jer sey
5 ~ $S.
~ ^~UNTY OF E C( 'i_--- ~
~ Before me persortally appeared Frank L. $COtt a~
Mildred E. Scott
his wiie, to me wel{ known and known to me to be
~ rhe individuals described in and who executed the foregoing insirument, and acknowledged before me that they executed the same for the p~rrposes
~ rhe*ein expressed. And the said Mlldr@C~ ~COtt
~i `
~ ++iFe of the sa~d ~'rank L.. SCOtt _ upbn,A~f~{~Q a v~ti'
~ e.aminarion by me taken separate ar.d apart from her said husband, acknowledged to and befo~e me that she executed said+ns~~wle~i•i~~y~vOluq~..'_••
r; ra-~Iy and withovt any compulsion, consnaint, apprehens~on, w fear of or from her said husband.
r r~ Deceaber . . ~ : =
W{TNES$ my har.d and official seal this__ ~ day oi ~ ~1~Q„ 19
f-~~ ~ f'' ct~2r~-- ~ .a = _ . ~ ~ :
Notary Public in and for the Stit~f:q/. t' ~st/ ~la~tp~ ;~-,y;
My Comm~saion eapires: ~ ~y ~C7 y ,i.~~ ' : ~
Return io: ~~<~N ~~i~ : ~
First Federal Savings 3 Loan Assotiat~on ~
O? ~o~r P~-ce. t:~TARY PL'cU~ C.' "'i~~~l ~•a
-.:l,...i.i~r
~ for: P;e~ce, Ftvricla -
>~x~ ~ ~ F lE0 ~~o a~coRDEO ~
-~v Gar F. Ellwoad ^3UMtY FLA. ~ ~
This Instrument Pre ared B y =~'~~C~~ v
P Y . ItOCEM Pa~~~AS
~ First Federai Savings 8 loan Association ~~EFR C~~~GU1t COURT
of Fort Pierce Florida AEt4p~ *'fa"'--
Checked By ~ • . ~C ~ ~ r i s~ A~ ~
e~o~2~~ P~~; 2551 z~osss Sb
.~t' /
z:t ~