HomeMy WebLinkAbout2688 3. To place and conhn~o~SFy keep on rhe b.,~'J~~~c~s now a hrreer~r~ sir~are on sa~d +and and o~ all eq~ip~nent snd pe~fona~~y covered by this mo~tg~
sge, w~th al) prm~iums tF.areon pa d~n full, I~~e ins~rance in ~he ~wal ~~andard po~~ty form, in a sum aHproved by the MURIGAGEE, and w~nds~onn
ms~rance in ~ha utual standa~d pot.cy (am, in a swn approved by ~he MURTGAGEE, in tuch co+npany o~ co~npan~es as rhe MORTGAGEE msy -
direct; snd slf fire a~~d w~ndarorm ins~rance poliurs on any oi said build~nys, any interest therein or part ther¢of, in the agyr~gate ium afaesa~d u
in eacess ~hereof, shall ;oniain the usvai s~a~~dard mortgngre clause or wch o~he~ clauie as rhe Mo~tgagee may requ~re, making the Ioss under ia~d polH
ues, each and every, payab!e ~o sa~d MORTGAGEE as ~ti inter~tt ~nay appear, and each a»d every such po~icy shall br promptly ass ynrd a~~d di:~Yered to
any held by sa~d h10kIGAGEE as fu~the~ security to saiJ ~~~ortgage debi, a~~d, not tess than trn (101 days in adver,ce of the expua~.on of each pol~cy, ~o de-
iner to sa~d 610RiGAGEE a renewal ihereOf, toge~her with a rece~pt for the p~em~um of such ~enewa~; and there shail be no f~rr or wi~:dstor,n insurance
placed o~ any of sa+d bui!dmgs, any inte~est theroin or part thereof, umess in ihe (orm end with the loas payable as eforesaid; and in the eveM any s~m
of money becwnzs payable under such poli:y w paLcies sa~d MORTGAGEE shall have the' opt~on to receive and apply the sa~ne on accov~v ol ~he indrbtad
ness secured hereby or ro pernut said MORTGAGORS ro leetiiva and use it w any ;~an fl~:eof ior o:~~er pw~•osrs, v.~~no~t ~h,~.ui ~v>~~~.~3 cr u~~pe~~•
ing any equ~ty, I~en w r~ght undei w by virtue of this mo:'gage; and in ~he ev~nt sa+d MORTGAGORS-ahall to~ any reason fail to keep the sa~d premii~~a so
iniured, or lail ~o delive~ pranptiy any of said ~wGcirs o( insurance ~o safd MORTGAGfE, or fail prompdy to pay fu~ly any prem~~m theretor or in any
respecf i~il >p prrform, d;schtegq exec~re, effea, canplete, comply with a~d abide by this covenant, or any part ha~eo(, said MORTGAGEE may p~ace a;~C
pay for such inwrance or any part thzreo~ w~thout waiving w at(ec~ing any opfion, lien, equ~ty, o~ righ~ o~der or by vt~tue of this Mortyage, and nc~
iuli amount oi each and every such payrnent shall be immediately due and payable and shall 6ear inta~eat irom tho date the~eof un~il pa~d at the ra~e ot
n~ne per tentum per ann~m anJ toge~her with such inteicsr shafi tx s.~cured by the lien of this mortgage.
To permit, comrnit or su((er no waste, impairment w deteriora:ion of said property or any part thareof.
S. To pay all a~d singula~ the coats, cha~ges and expenses, including a reasonable attwney's fee and costs of abst~acls of title, i~curred o~ pa~d af
any lime by said MORTGAGfE, beca~se or in the event ot the fa~iure o.~ tFw par~ of ~he aeid MORTGAGOR ~o duly, promptly and +u21y pe~iorm, d~uharge, •
execu~e, effec~, canplEre, comply wdh and ab:de by each and every the stipu~auons, agreements, conditions, and covenants of said p~omissory note and ~his
~^o«gage any oi e~rher, and sa:d cos~a, charges and expenses, e~ch and every, shall be im.rrrdm~ely due and paynble; whe~her or nof fhere be noi~ce de
mand, anempt to ca~ect or suit pend~ng; and the full amount of each and every svch paymeN shall bear imerest from the date lhereof untii pa~d at tMe
r.,te o+ ~~~~e per centum per an~~u:~r, ond all said costs, charges and cx:xnses inc~rrrd or paid, togettier weh suchyaseresf, shall be secu~ed by the l,an of th~~
mortgaga '
6. That (a) in the cvent of any breach of this Mortgage or defautt on thz part of the MORTGAGpR, o~ ~b) in the evenl any of sa:d sums of money
herein referred to be not promptfy and lutfy paid within th~rty ~30) days next aiter the same severatly become due and payabte, without demand or notice,
or (c) in the eve~t each and every the shpulai;ons, agreements, tonditions a~d covenants of sa.d p~om~ssory note and th,s mortgage any or either are not
~uty, promptly anc! fuUy performed, d:scharged, exec~ted, effected, comp~eted, comphed w~th and ab~ded by, then in e~ther o~ any such event the sa~d ag
g~eqate sum ment~oned in sa~d prort~~ssory note then re~naining unpaid, wirh inte~est accr~ed, and all moneys secured -hereby, shall become d~e and pay
ab!e fonhwith, or thereaftc~, at the opr~on of said MORIGAGEE, as luity and completely as ii all of the said sums oi money were w~ginaily st~puiafed
to be pa~d on such day, anyth~ng in sa d prom~ssory note or in this Mvrtgage to the connary notwnhstand~ng; and therevpon or the~eafter at the opt~on of
sa+d MORTGAGfE, w+thout not~ce or drmand, wit at law or in equity, therefere w theteaiter begun, may be prosetuted as if all moneys secured heteby
n~d matured pnor to As institution.
7. That in tne event that at the beginning o( or at any fime pending any suit upon this Mortgage, or to forettose it, or to retorm it, or to enforce
payment of any daims he+eunder, sard MORTGAGEE shall apply to tbe Cou.t having jurisd~ction thereof for the appoiMment of a Rece:ver, s~ch Cour1 shall
forrhwith appo~nt a receiver of said mortgaged property a? and singuiar, includmg aU and singular the irtcome, proflts, issves and reven~es from whatever
s_~rce derived, each ard every of wh;ch, ft be~ng expressly unders~ood, is hereby morrgaged as if speutically xt ionh and desuibed in the grenting and
habendum clauses hereof, and such Receiver sha11 have all the broad and effece;ve funct~ons and powers in anyw~se e~trusted by a~ourt to a Receiver, and
s~_ch appointment shatl be made by such Court as an admitted equity end a matter of absolute r~ght to said MORTGAGEE, and without reference to the
adeqvacy or +nadequacy of thf vatve of the property mortgaged or to the so,vency or insolve~cy oi se~d MORTGAGOR or the defendants, and that s~ch
renrs, proiits, income, issues and reven~es shall be app{~ed by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the prr_?ice o/ such
Court.
8_ To du!y, promprly and fuljy perlorm, d~scharge, execute, effec~, comp!ete, comply w~~h and abide by each and every the slipulations, agreements,
conditions and wvenants irt sa~d p~orr~issory note and th,s mortgage set fwth.
9. That in the evont the ownersfi;p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~:.~RTGAGEE, its sutcessors and aszigns, may, wirha~r norice to the A'ORIGAOR, deai with such suctessor or succeisw ir interest wi+h re`erence to this
o•tgage ar.d the drq~ hereby secured in the same manner as wi±h Mortgago+ wnhout in any way vitiating or d~scharginy the tdortgagors' Iiability hert
e.nder or upw~ the deb~ he~eb~ sewred. No sa:e of the p~er::+ses hereby mortgaged and no forbearence on the part oF the IAOR7GAGEE or its svccessors
o- assfgns and no extens~on of the t~me for the payment of the deb~ hereby sec~r~d g~ven by the MORTGAGEE or its successors or ass~gns, u.all operate
ro reiease, d~scharge, mod~fy change or affect the original liaull~ty oi the A10RTGAGOR here~n, either in whole o~ in part.
10. It ie sperficalfy agreed that time is of the esse~ce of this contrau and that no waiver of any obligation hereunder w of the obtigatan se-
cured hereby sha;~ at any time thereaf~er be ho:d ro be a waiver of the terms hereof or of the instrument secured herby.
11. Jn add.t!on !o the forego'ng montn!y payments of prir.Cpal and imcrest required by the promissory note secvred hereby, mortgagor covenanh
~~:d ag.ees ro pay to r.~o-tgagee wrth ea.h monrh!y ~:ay~:~ent an add;~ional wm ~st~n~a~ed by mortgagee to be eqval to 1;' 12 of tha ann~al cost of the foliow-
~~~y:
A-A!1 rEal property taxas lr:~ed or assess.•ci ag3i•is? the above descri~~~d real esrate.
B-Prrn:~ums o~~ f:re ar~d •+,i,~dsto:m ~ns~rarce as 1:er~i~ +equ:red to be tarrird on the ~:Trrovements sitvate on tfie abovc d=5[ribed premise5.
C-Pre~nioins on such mortg>ge g~aranty insvra~.ce es mortgagee shatl from t~me to time deem fit to carry on the loan secured hereby.
rllortgagee she" frcm t~~ne to t~~:e ncti(y morfgagcr in writmg of the a~t:ount due and payable hereunder and suth sum shall thereupon be due and
;~yab!e on the due date oi the next month!y payment and each successive monrh thereafter ~ntil mortgagee sha!1 nosify mortgagor of a change in such
o:,nt. S~ch w:ns zha!f be aNp';._d by n~ortgag:_e tov.ard the payment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance
oremiums.
IN \YITtJc55 V:NEREOf, tfie said MORTGAGOR has hereu~to set his hand and scal the day and year first aforesaid.
~gned, $eal nd i~ver~d in the prese~ce of: .
_ a +.L~ ~ l . . -n 4 _ / _ .i ~.!-A_.Q. ~ ~ 7~ ~`a-S~'e'..~- ~~an
; Frank A. Xhi1 e
; _ ` ~ f . (Seal)
(\/CMNL a~
f ~ Antoinette . 1 e ~~ai~
~ ~-aTE oF~t~c NEW JERSEY ~
;
€ C:~UtJTY Of S A LE M ~
; Before me personally appeared Frank {1. Xhilone
and
i A11t0111QLt@ Ci. Xhiione his wife, to me well known and known to me to be
: rne individ~ats described in and who executed the foregoing inst~ument, snd acknowledged befo~e me that they eaecuted the same for the purposes
` Antoinette G. Xhilone
+herein ezpressed_ And the sa~d__
~ +..~e of the ~a;d Frank A. Xh110I1@
i . - upon a separate and priwte
< eram~nat~on by me taken separate and apart f~om her said husband, acknowtedged to and before me that she executed said instrument freely and wtun-
~ +a-~~y and w~tho~t any compu+sion, constraint, apprehens~on, or fear of or fr~m her said husband. _
i WIiNESS my band and official sea! th~s__ 4th day of March ~t~r~~4,
' ~
~ L-sGY ~ r , , . ~
? Notary Public and for the State o ~Q~{/~~QI`SQ
My Commission eapires: ` ~ ' -
; Return io: - ,;S ~ . . , _
~ ~
: First Federal Savings R Loan Associat:on j, ~ i; , ; ~
c . . ~ . , .
; o= ~o~r a.<«~ ~ . . . ,;~p~ :7:~:' L,
4 For7 Pierte, Florida ~~815 C_ I ~ 1/ ~/lJ '
. ~ " ''.1 ~
f1lEG ~~t~ :'=~~~GED
? This Instrument Prepared ByJ. H. RobeYts Jr. ST_~~~'~_~;;'JKjY fLA. p
= First Federal Savings & Loan Association R~~i,i " '~AS ~b
of Fori Pierce Florida Cli•'•~ ~ '`~~R7
~ ~ Rf ,r,ba~ ; E, . `p
- Checked ey~- 2.~ ~ ~ ~
r ~ ~ - • r~
; r-:~ 224 ~~~2~8?
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