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Home My WebLink About1495 J. To place u+d continvously keep on the bu~'d~r~gs no~v or hereafter ~~rvate on sa~d Isnd a~d on a!1 equip~»znt a.od psrsonally covered by thi~ mo~tg- ~g~, with •U premi~ms thereon pa~d ~n full, fire insvroncn ~n the ~s~al s~a,eiard po!~cy iorm, in a sum aNyrovnd by Ihe MORiGAGEE, a~d windstorm insur~nce in the uiwl standard pofcy fam, in a num approved by the MORTGAGEE, in suc6 company or companies et the ti10RIGAGfE may diratt; and ali f~re ar,d w~ndsrorm insuro~ce polic~e~ on any ol sa~d bu~ld~ng~, any inte~est therein o~ pa~f the~cof, in the +gg~ega~e tum afaesa~d or in excess ~hereoi, shail coNain tfie usual s~and.rd morrgagae cfauze or wch o~her clause as ~h~ Mortgagce msy rcqu~ra, mal.ing ~he foss w~dar sa~d polt cies, eath and every, payabte ?o sa~d A~JRTGAGEE as its ~ntrrrst may appear, snd each and every suth pol;cy shell be prompNy ass gned and de~~vered ~o eny held by said MORIGAGEE as funher iccur~ty ~o uid mo~~gage debt, and, not less than ten (10) days in adYa~ue oi ~he expi~atio~ of each poiicy, ~o ds- liver ro said MORiGAGEE a rerxwal therrof, lo9e~ha with s rece~pt for the premium of tiuch renawaf; and ~hera shail be no (~re or w+~~dstonn in~~rance ptaced o~ •ny of sa~d bu:ld;.tgs, any inte.est li~e~em a part thereof, unlesa in ihe form and with the ioas p~yable ai aioresaid; and in ~he event any sum of mo~uy becomes payabte undcr such poGcy w poGues sa;d M~RTGAGEE shall have ~he opf~on to receive and apply the aa~,e on account o( rhe inJa6lyd- neu secured heraby w to perm~l aaid MORTGAGORS ro receive and uss it p any pa~t the~eol for otnc~ pur~:,ses, ~v~tnout th_~~ui waiv~~~g ~r ~~~:p~l~- ing any equ~ty, I~en or r~yht ~nder w by vir~ue ol this mo:egage; e~d in ~he even~ sa~d MORTGAGORS shall fa any reason fail to keep ~he sa~d prern~sas so insu~ed, a fail to deti~er promptly any of said pol~cies ol insurance ~o said MORTGAGEE, ot fait promptly to psy fuify any pre~nivm fheieior or in a~y respett fai! to perlorm, d;icharge, execute, etfect, tomplete, comply with and abide by this covenaN, a any part hereof, said MOR7GAGEE may place a~~d pay fw such insurance or any parf thereof without waivi~g w afiectin~ any option, lien, eqvity, or r~ghf unde~ or by v~rtue of Ihis Mwtgage, and the full amount of each and every such paymrnt shall be i~nmediately due and payable and shall bear iroerest_ from ths dale thereof until paid at the rate o1 nine per centum per annum and tojether w~th such inre~es~ shali be secured by the lien of this mortgage. 1. To permit, corrmit w suffer no waste, impairment a deterioration of said property ot any part thereof. S. To pay all and singular the coati, charges and ex~nses, including a reasonabfe attorney's fee and cos~• of absrracts o1 ti~~e, incurred o~ paid at any time by said MORiGAGfE, because d in the event of ~he failure o~ tne part of the said MORTGAGOR to duly, promFtly and fully perform, d~scharge. ~xecutr, effcc~, comptere, comp~y w~~h a~xl ab:de by each and eve?y the s~~pu~a~~ons, agreemenu, condiTions, and covenants of sa~d p~om~ssory note and thii mortgage any or either, and sa:d costs, charges and expenses, each and every, shall be immed~ately dus and payab:e; wherher p not ihere be nor~ce dr mand, attempt to collect or suit pend~ng; and the full amouni of each and evesy such payment shall bea. inreres~ from ~he date thereof until paid at the rate of nina pe~ cenWm ~kir anuurn; a~d aii said tustt, tharges and expenses inturred p paid, t09ether w~th such inlerCSt, ihdll be seturet~ by ihe !iM of thit mortgage. 6. TFwt (a) in the event of any Meach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of mo~ey fierein referred to be not promptly and lully paid w~thin thuty (30) da~/s ne~ct ait.v the same seve~a~ty betome due and payabte, without demand or notice. or (c) in the event each a~d every the stipu~atio~s, agreeme~t:, conditions nnd covenants of sa~d promissory note and thif mo~lgage any or either are not ~~ly, promptly and fuliy performed, d~scharged, exewted, eifec~ed, completed, compGed wieh and ab~ded ~iv, tFKn ~n ehher w any such event the sa~d ag gregafe sum me~tioned ~n said promissory ~ote the~ remaining unpaid, with ~nterest accrued, and all money~ secured hereby, shall betome due and pay- ~ble forthwith, w thereafter, at the opc~on of said MORIGAGEE, as fuity and complecely as if ail of tne sa~d sums oE mooey were or~ginally st~pulated to be pa~d on suth dey, anything in sa.d prom~ssory note or in this Mortgage ro the contrary notwithstanding; a~d therrupon or thereafter at the option of s~:d MORiGAGEE, without notice o~ dema,:d, suit at !aw w in equ~ty, therefore a thereafie~ begun, may 6e prosecuted as if all moneys secured hereby n~~ matured pnw ro ns insri~ution. 7. That in the event that at tht beginn~ng of or at any time pe~ding any suit upo~ this Mortgage, or to forectose it, o? to reform it, o? to enforct payment o( aey ciaims hereunder, said MORTGAGEE shai! appty ro the Co,rrt having jurisd:ction thereot for the appo~mment of a Receiver, such Covrt ahall forthwith appo~nt a receiver of said mortgaged property all and sirtgu!ar, in~lud,ng all and singular the income, p~of~ts, issues and revenues from whatever so~rce derived, each snd every of which, it be~r:g expr.:ssly understood, is hereby mortgaged as if spec~fically set fwth and described in the gran?ing and habendum ciauses hereof, and such Receiver shali have all the b.oad and eifective funct~ons and powers in anywise entrusted by a Court to a Receiver, and a..ch appoi~tment shall be made by such Court as an admitted equity and a matter of absolute right to said A10RTGAGEE, and without reference ro the ndequacy a inadeq~acy of if~e value of the proper?y mortgaged or to the sa~vency or ~nsolvency o( ss~d MORTGAGOR or the defendants, and that such renn, pro(its, incane, issues and revenues shall be appiied by such Receiver accord~ng to the (ien o? equity of taid MORTGAGEE and the practice of such CovA. • 8. To dufy, promptty and fuity perform, discharge, exe~ute, effect, compte?e, tomply w;rh and abide by each and every the sTipulations, agreements, ccnditions and covenants m sa~d promisswy note and this mo~rgage set fonh. 9. That in the event the ownersh~p of the mortgaged premises, or any part. thereof, becomes vested in a person other than the MORTGAGpR, the ~".^RTGAGEE, its successors and assigns, may, witnovt notice to the h10RiG~OR, deai with such svccessor or successo~ in interest wi~h ~eference to this morrgage and the deut hereby secured in the same manner as wnh Mortgagor w~tF~ut in any way vitiating or d~scharging 1he Mortgagors' liabiiity here- ;,nder or upon the debt nereby secv*ed. No sa!e of the Frem~ses hereby mort~aged and ~o forbearance on the part of the RAORiGAGff w its successors cr ass~gna and no ea~ens+on a~ rhe reme for fhe paymenr of the debs he.eby secwed given by the MORTGAGEE or its succeuors or ass~gns, ai~all operate ro release, d~scharga, mod~fy change or affect the orig;nal liab~lity of the MORiGAGOR Ferein, either in whole or in part. 10. It is speuficalty agreed fhat t~:ne is of the esse~ce of this tantract and that no waiver of any obl;gatton hereunder or of the ohligatan se- c~red her~by shat~ at any tirt~e ~hcreafrer be he!d to be a waiver of the terms hereof pr of the instrument srcured herby. l T. In aod~t~on to nc~ forego ~:g month!y pay~rents of prix'pal and inrerest requ~red by the prom~ssory ~ore secured hereby, mortgagor ccvenants .+~•.d agrees to pay to rro:tgagPe aah rach ,ronch'y payneN an add„~or.al sum esr:n:ated by mortgjgee ro be eqval to 1 j 12 of the annual cost of the fol(ow- ~::3: A-A!t rEat Nrope~rY raRas le.i~d or assesscd agai•~st th~ ab~ye deseri5c~d reaf estate. B-Prem~vn,s on fue ar.d w~r.dsronn ~nsurarce as Aere~n requ:red to be carried on the ~mprovements s~tuate on the above desvibed premises. _ C-Premi~:ns on such n:ortg~ge guaranty =r.sura~.ce as mo-rgayee shail from t~me to time deem fit to carry on the loan secured hereby. rAo~tgagee sha':I from s~~ne to time nofify morrgagor ~n writ6,g of the arnou~t due a~d payable hereunder and su:h surtT shail the~eupon be due and , ;=~abte on the due oate of ih= next m~ooth'y paym~nt and each success~ve month thereafrer uctil mortgagee shall nofify mortgagor of a change in such ount_ Such su;ns sFa~i 6e apE:~~~~J by mortga3~~e ta:.ard ~he payment of real property taxes, insurance prem;ums, and mortgage guaranty insurar.ce ;;remiums. iY ~YIiNESS 'f:HEREOF, the said MORTGAGOR has hereunto set h~s hand and seal the day and year first afo•esaid. Signed, Sealed and delivered in the presence of: - i/11 d~irti a,a~ .ts G 5 K ~ S L S T Witnesses A 1S . r ts`aq _ O ~z (Seal) (Seal) _ u y a er f STiiTE OF fj4QAi~ N~W Jersey ' ~ cour~n oF E3urlington a widow eefo.~ me personaSly appeared Gertrude Schaffe~ Haxker and Franci s A Schaffer snd ~13CY Schaffer, Il1S Wlfe to me well known and known to me to be ; she ind;viduals described in and wha executed the foregoing instrument, and acknowtedged before me that they executed the same for the purposts k therein expressed. Md the sa~d T.11CY Schaffer ~~1e of ehe sa:d Franci s A. Schaffer upon a separqis; ~c~Cl p~iv~~e exam~nation by me taken separete and apart from her said husband, acknowledged to and before me that she executed said instrumeA! ~tFely ~ vqj~ik - ` raniy and w~thout any compufsion, co~straint, apprehens~on, or fear of w from her said husband. '1 j WiiNESS my hand and offina( seal thi~. ~9 th day of Februarv A., D. 19~1jt` _ ' hZ~~ . . _ , : . - Notary Public in and {or the State of ~ af ~xpp ' My Commission expires: NE?q ;~Q(t'Se}/ ' Return To: , ~ . ~ ; First Federa! Savi.rgs 3 Laan Associat;on i-'''~ Of Fwt Fe•ce. , . . . _ , _ 'V ~ f: i ' Fort Pi..; _ _ . :O)i ' . ~ _ g ce, f;ur~Ja . - i C : ~L; ~ _ . 7 ~ ~,7~( ~ r . ~ This Instrument Prepared By RiCha~rd K. Kayes . ~ utt~ED First Federal Savings 8 Loan Association f1l.Ea 1'~`' ~~~jY ft1~• \ ~ of Fort Pierce Flozida SZ'~U~~~' - ~ ~GGt': •Jv~~ COURS ~ - c ~K • Cl - - ~ r, Checked By~ Rcr,~ = . • - ' ` ~ ; _ M~ ~ c~ 33 a~'~ ~ ~ 224 P~~E14~~4 ; 2~s9s~ ~ ~ - - - _ - - _ Y - ..?4 -z.~~ ~ ~ . . . . . " F . y's-;.;s , ~ =;s :