HomeMy WebLinkAbout2242 3. To plact and co~tinvo~sly kcep on tM bui!d~ngs now or hereafte~ •ituate on sa~d Is~xl and on alt equipmenl aiul penonally covtred by ~hi~ mortp~
age, with at) premiums thereon ps~d in full, lire insurante in IM usua{ ?~a~ard po~icy form, in a ium apptoved by ths MORIGAGEE, and windstam
~nsu~~ncs in tAs usval siandard pol~cy fam, in a sum approved by the N~ORTGAGEE, in such tompany w canp+^~es u tM MORiGAGEE may ~
dired; and a!I fir~ snd windsto~m in~urance polkies on any of said build~ngs, any in?erei~ ~he~ein or part thareof, in the a~r~y~~~ sw++ ataesaid or ;
In excesa Ihereof, shall camain ?M usual sta~xJa~J margagae cla~se w such othe+ clawe as tM Ma~fl+9N ^wY ~e9viro, makinp tM Ios~ vnde~ sa~d poli~ ,
cie~, each and every, payabla to said MORTGAGEE as ~ts in~ereat may ~ppea?, a~xl each a~:d every such pol~cy ehall be promptly ass.gned and del~vered ?0 4~ t
eny held by iaid MORTGAGEE ai turtha~ secu?ity Io uid mortyafla debr, and, not les~ ~han teo (10) days in advanc~ of the expiraua? of each pol~cy, to da
!~Yer f0 ~aid MORTG.4GFE a reoewal ~herwf, topelhQr with a receipt iw the prem~um of such renewslj and thero thall bs no fue w windi~wm inwunt~
placed on ~~y of s~id buildings, any in?erefl therein a part 1he.eof, untrss in +he form and w~th Ine ioss payabif :s aitHt~cai3; and tn the erenf a++y ~w~
of money becomet p+Yable unde~ such policy a poGcies said MORiGAGEE iha't have ~he ophon to receive and apply tM s+me a+ +cco~m~ of th~ indebred •r
~ess aKU~ed hereby or to permif said MOR[GAGORS to teceive snd use it or any part ~hercof for othcr purFwses, v~ithoul th~rrb~ wa~v~n3 0~ ~mpa~~-
ing any equ~ty, lien w rlght under or by virtue oi this mo::gage; and in the even? sa+d MORTGAGORS shall fw any reasw~ fail 1o keep the said premiset w ~-'7
insured, or (ail lo deliver pro+nptly a~y of said po~~u~•s of insurance fo sa~d h50~TGAGEE, ot fai! ptomptly to pay fully any p~em~um thetefo~ or in a~y ;.v
respect fail to perform, d~scharge, execute, e~{ect, completa, corr.ply with and ab?d~ by ~h~s covenant, o~ a~y part hrreof, said MORTGAGEE may place a~d ' A ~
pay for such inw~ance or any psrt thereof w~tho~1 waiving or affectin9 any opteon, lien, equ~ty, w r~gM under a by virtue of thii Mwt9age, and tht '
f~ll amount of each a~d e~ery such payment shall be immediately due and payable and shall brar inte~esl from tha dale thereof u~til paid at the rate ol !
n~:~e per ~entum per annum and to~etiier wish such inrerrar shali be secured by the Ge~ of this mwigsge. t
i
To permif, tommit w suffer no waste, impairmenl or deterioration of sa~d property ot any parf the~eof.
S. To pay all and singular the costs, charges and expenses, inctuding a reaso~able atto~ney's fee and costs of sbstracts of title, int~~red o~ paid at
any time by sa~d MORTGAGfE, because a in the even! of the fa++ure on ~ne par~ of ~he said MORTGAGOR to duly, p~omprty and f~lly perfwm, d~xha.ge.
~,c~c~te, elfect, comp~ete, comply w~th and ab.de by each and every the stipulatrons, agreemenq, condiuons. and covenants ot said p~anissory ~ote and this j
:rurtgage any w eithe~, and sa;d costs, charges and expenses, each and every, shall be im~~ed~ale~y due end p+yable; whelher o? not there be notite dr
c,and, attempt ro collect or tuit pend~ng: a~xJ the fvll a~nouro of each and eve~~ sv<h paymeM thall bear interest from Ihe date thereof until p~id ~t the
~ o~ oine per tentum Her annu~r, and all said co:ts, eharges and expenses irxwreJ w poid, together w~th suth inletest, ilwll be secured by the lien oi thi~
m~ rtgog@.
6. Thaf (a) in the event of any breach of this Nbrtgage or defaulr o~ tF+~ part of the MORTGAGOR, o. (b) in the event any of said sumf of money
fierein refened to be not pranptly and fully paid within th~rty (30) days nex~ aiter tfie same uverally ~etoma due and payable, witkovt demand a no?ice.
or :c? in the eveN each and every the stipularie~s, agreemen~s, condrtions ar.d covenants of sa.d promiuory note and th~s mortgsge any o~ either are not
i,, nromotlv and fullv ce~formed, J schargcd, exe:~ted, effected, to:npleted, ca:~•.plied with and abided by, then in either o~ any such eveM the tald a9-
ate sum mentioned in said pro~n~ssory ncte thtn re:naining unpaid, wdh ~nieres~ accruro, and e~i nw~.ry~ se~.::~ h.erra.'`.i. 3!~.=!! F~1f'
an e forthwith, w thereafter, at the op!ion of sa~d MORiGAGEE, as fu~~y a~:d compir~ety as if all af the said sums oi money were wiginally stipulated
r; be pa:d w~ such dcy, a~ythi~~g ~n sa u pro:n~ssory ~ote or in rhia Mor~gaga ro the cororery notwithsWnding; and thereupon or thtreaher at the op~ion of
s,~c! MORTGAGEE, wirh.out nonce ar drmand, suit af law w in equitY. thareiore or tt~ereaher beguo, may be ptoxcvted as if all moneys secured hsroby
-„d mat~red pnor to ds inslitution. •
7. Ttsat in the event that at the bey~:~~~~ng of ar at any ::•r,e ;:e~~d:~-g any s~~~! ~•pon this Mo.tgage, or to foretlose it, ot to reform it, or fo enfores
~~ymeM oi any c~~~~ns he~eunder, se~d :dOR?v:.G=: sha;i appiy to i}~e Court havir.g ;:,:~sd:ctio~ the~eof for,the appointment of s Receive~, such Court shall
„•~e.~i~h appoint a re:eiver cf sa~d mortg~ged c+cpc:ty aB and singvlar, inr•uei.n9 a~~ .,~~d singular the irtcome, p~ofits, issues tnd revenue~ from whalever
~~rce derived, each and every of wh~ch, ~t be~ng e.<press!y undersrcea, ~s he:ei~y ~*ortgagcd as if specifKally set fath and desu~bed in 1he graMing snd
~,t:endum clauses hereof, an~ svch Recener shall F~.e atl the braad and eftKhvC f~rcf.a:~s and powers in anyw~se entrusted by a Court to a Receiver, and
s. cn appoiMme~v shall be made by wch Gourt aa a~ admitted eqcity and a:-:atrer ~f abso!ute righl fo said MORTGAGEE, and without rclerence to the
r:::qo~ty or inadequacy of the value of the prope.ty mongaged or to ~he so;v~n:~ o~ ~~~so~verxy ol said MORiGAGOR a the defendants, and thal such
~~~r:, profits, irxome, issues and rovenues shall tx ap;.i~ed by such,Recaiver accord+~9 to ihe lien w equity o} said MORTGAGEE and the p?actite of such
COUfT.
8. To duty, promprly and tully perform, d~scharge, execute, effec~, comptete, co~~:F,ly wifh and abide by each and every the stiputations, agreementi,
c_•-~d~t~ons a•^=d covenants in sa~d promiasor•~ note and this mcrtgage set to:th.
9_ That in the event the ownershlp of the morrgaged premises, or a~~y part thereof, becomes vesfed in a person other than the MORTGAGOR. the
;^~TGAGEE, i~s wccessers and ass~yns, may, witho~~ no~~ce to ihe MORTGAOR. deal ~+v'rth such s~ccessor or successor in interest with re(ere~te to this
•„•~gage and rhe debl hereby sec~red in thr same manner as wrth ~Aortgagor with;ut m any way vitiating a d~uharging the Mo?tgagors' liability herr
.•,:i~r or upon the debt hereby secured No saie of Ihe pre~vses hereby rnortgaged ar.d no forbearante on the pan of the MORTGAGEE or its successws
C' 35i'(~r1S and no e~crension o! rhe ti~ne for the payment of the dEbt h~•eby secured given by the MORTGAGEE or its successors or auigns, ahall operate
!c ~e~ease, d,scharge, mad~fy char.ge or affect the or+g~nal lioa:~~ry of the A.GRTGAGOR he~ein, either in whoie or in ps~f.
10. It is speuficat{y ag.eed tha~ t~me is of the essence of this comract and that no waiver of any obligation hereunder w of the ob~gation ft
c,,red hereby shali at any time thereaher b° held to be a v+a:ver of the terms hereof or of the iuatrumem setured herby.
11. In ~:i:1.tEu~ to she ioregc'~~9 r.~onsF~'y ~:ar~~~:,~,~s o~ p,;ncpa' and ~r.ie~csr requ~~ed by the prom'ssory no!e secured hereby, mwtgagor tove~ants
d a3rees to pay to morTgagee .~i:h eact: mon~n~y ,,a~~ ~e~~r an ad~,~ional wm csr~.,:o!ed by mortgagee to be eqval to l,/12 of the annual cost of the follow-
A-AU real property taxzs ~e:ied or assesseci sga~•~s~ ~he above drv~~ed rea~ estnte.
B-Pn:r.~ur.~s cn fire ar.d w~ndstorrn ~nsurarce as ne~e~n requ;red to b~ car.i.d c~ the ~mproveme~ts situate on the above described premises.
4 C--Premiums ~r. sucfi mortg ;ae guaranty irsu•a~ ce as mo'tgagee shalf ficm t me to ti~ne deem fit to ca~ry on the loan secured hereby_
~ ~lertgagee sha+i from. nme to tlrie nor~fy mcrtyo3ar ~n w:~t;ng of thr a~ :ount due and payable hereundrr and such sum shall thereupon be due and
~ ..•,~!e en th~ dur da~e of tha neat month:y p~ymrM and e~ch successive month the~eaftcr urail mortgagee sha11 rtotify mortgagor of a change in such
~ ~ oum. Such sums shaif 6e app by morr3a ~~e ro~r.ard the payment oi real property taxes, insvrance prem:ums, and mortgage guaranty insurance
e nwms.
IN W T L'JHEREO , Y sa~d MORTGr1GOR has re~~to set his ha~,d and seaf the day and year first afwesaid.
5' aled and e" ered in the pr se ~
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- e J -(ScsO
~/rI~- t5eaq
' . ar a . . wyer ~a~
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oF . ew J~ersey . ~ .-•'~~',+~`.~'.i:
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• -
~ ;.:'~TY OF '
Before me personatly appeared - ` - ~
Ma r t ha M. D~vye r _ h;s w;i~, to me well kiawn Y .+o~~~' =
~ mdividvais described in and who execute! the fwegang instrument, and acknowledged before me that they executed.Y~~w~ fo(~-1F1~ A~1.'f~- _
Martha bt O~? er - • ~ ' ~c =
-e•e~n expressed. And the s:'i_ -
George F. Dwyer ~ ~
of the said - ~ ~ -
~,a-r,;nat+on by me taken separate and apart from her said husband, acknow:edged to and befo~e me that she exetvted said ~ ~frRt~ aix~?r8~
y and v.;thout any compulsion, constraint, apprefiens~on, or fear of w f~om her said nd. `
WIii~JESS my hand and officiai seal th~s__ day of A ~~,-~4--
~ +~J.~....~'"
'
Notary Public ' or ihe Sta1N e~~(~
My Commiu' pires: ~ y •
Return To: ~t~ ~ ~ ~
F:rst Federal Savir.gs 3 loa~ Associat:on
Of Fort P.ere^. ~ ~IJn ~X!1~M ~v~e
Fort Pierce. Florida
p ~NC iE~T`( f~l?'
FILE L'JUM
CtE C~
This Instrument Prepared By Gary F. Ellwood S~~ AO~E"•'`.j
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G~ RT ~
First Federal Savings b loan Association C~EF ~Eai jsEO
of Fort Pierce , Florida ~ R~~'~"" a,LL ~~1~
Y ~.Z 1~ 0 t?n
Checked By . ~ ~y
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