HomeMy WebLinkAbout1835 To pf~ and ca+Km?ov~ly kcep on tM bu~:d~ngi now w harc~frK sNwq on ia~d land and a+ a11 equ~pma» snd Weroor?ally tovNad bY this enort~ ..f
~g~. with ail prNnivms ~haeon p+~d in fuii. (in iniv.snce ~n ~I?e uival tiiandud policy torm, in ~ ium apWwr~d M~e MORi:s~?CsEE. and winds~wn~ ~
~ns~ranc~ in tM vsual slandard politY ior~n, in a swn •ppror~d by tM MORIGJIGEE. ie? ~~ch eaoPany « ca*p+^i~s a tl+~ MORiGAGEE nNY ;
d;rtch ~nd aU fk~ a~d wi~d~~am (INY?NK~ policies on any of said buiW~nga, any intenat Nyenin o~ pa~t ther~ot, in tM +g9~e9~t~ swa ~la~said a ~
r ir~. maYi tM bu u~~ sad poli'
in exuu ther~of, Mell comain ~h~ usual sranda~d ma~gapN c~so~e w such aH+e. daus~ ~s tM N1w~g+9N maY W~ ^4 ~
ues. each end every, payab~a ~o ta~d JNORTGAGEE aa iti interast may ~ppoar, +nd each and everY auch poi~cy shall be promptiy au g~cd a~~d dei+~ered ~o _
eny held by faid MORiGAGEE ~s fw~Mr ~ecuritv to sa~d mo?~0+9e deb~, and. no~ less than ~en l~0) ds~s in adve~ue of the sYp~~ation of each pol~cy. 1o dr ~
I~~er ro said MORTGAGfE a re~xwa! th~reof, ~o9ether with a rece~p~ fo~ the p~am~um o( such renewsi; and tFxr~ shali be no (~ro w windsto~m insur~nc~ }
plec~d a? ~ny of sa~d bvildiny~„ ~nY in?erpt ther~'^ P+~~ thereui, unleu i~ ~he iwm snd wifh the Iws payable aforesa~d; +nd in tha event any sum ~
of r„oney become~ p+Yable unde~ such policy a pol~ciss aid MORTGAGEE ihail h~ve Uw oprion ro ~ecrh~~ end ~PPh ~M same a^ account of tM Indsbtad- i
~ess secured hereby a to permit sa~d l~ORTGAGORS w reteive +nd ute it a any par: theieof for aner purposes, without th~«ur wa~y~.~g u~ ~~npa~r•
~ng any equity, tien o~ righ~ under or h~'virtue of thi~ maly+pe: •nd ~n ~he event sa;d MORTGAGORS sMll for any ~eaw~ fail to keep the sa~d premises so •
~na~red, oi fail !o drlivec promptlY anY of said po~:ciei of insuraixe to aid MORTGAGEE, u fail promptly lo pay fully any pre~nium tAerefpr oi in +~y
reapect bil to pe~~wm, discharge, e:tcute, tfieil, complet~, tompiy wi~h ~nd sb~ds by ~h~~ covooan+. a+nY part }Kreof, ta:d MORTGAGEE ~~+y p~~« a~d ~
pay for wch truurance or any part thereof wiehout weivinp or afiectiny any op~ion, lien, equ~ty, or ~ight ur+der or by virtus of thts Mwtya~e, and the ~
t,;!i amouot of each-ar.d tvery such payment shal~ be ~mmediately due and payable and shalf bear interest from the dah thereof unttl paid a1 the rate ol
~~,:,e per centum per annu~r, and to~etl~er with such interest :hati be secured by Ihe t~en of thi~ mort~age. `
4. To permit, commit or su(fe~ no wasta, impa~?ment a deterioca~~on of said prcpe~ty or sny p~~1 thereof•
5. To pay slt and tinguiar tM cwts. charges ~nd e~pens.>a, i~dvdirg a rcasa?abf~ anorney i fee and coas o) ~bstr~cts of titl~. incurr~d a paid ~t
eny teme by said MOR1GAGfE, b~ww~ or in the ever+~ of the fa~luro on the pa~t oi the said MORTGAGOR to dulY. p~a^P~~Y +^d ~+~~Y PQ~form, d~uhsrye.
e..ecuse. effect. comptete. comply with and ~b~de by each and every the atipul~t~orts. ~yreemenb. conditions, a~d covenants of said p~ort+issory note a~~d thi~
morrgage sny ar e~lhe~. and sa>d costs. charges and expenses. esch and eve?y. thalt be immed~ateiy due and paYablt: whetMr ot noi there b~ notice dtr
mand, attcmpt to collect w wi~ pend'+ngt snd rhs ful! amovnt of eacA and eve+y such payment shstl b~sr inte~sst fran th~ d~ie thereof until paid at tM
e o+ nine per cent.,m per em~~m; and all said cosri, chargei and expense; i~xu~red or ~wid, topether w~1h :uth inltvest, ahall be sec~rod by tM i~a+ of thu
mo~tgage.
6. That (a) ie the event of any breach oi ?his Mo+tgsge or default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money
herrin rfferred ro bs not prompfly and I~IFy paid within thirty (30) days ~ex1 after ~he same uver~lly becoms dua end paYabl~, without dem~nd or notice,
or ;c) in the event each and every tFx stipulations. agreemenh. condifions and covenann of ktd promiuory ~ot~ and lhis mortg~g~ any or either are no1
1u:v, promptly and lully performed, d~scharged, exe:ured. effec~ed, canp~eted, compi~ed w~th and ab+ded by, the~ in either o~ any ivch event the said ag ~
~r~,gate sum mentioned in said promissory note then remainin~ unpaid, w~th interest attrued, and a~l moneys secured hereby, shall become dw and pay-
ao e forthwith, or +hereafter, at the opi7on ol si~d MORTGAGEE, as Sui{y and comple~ely as if all of rhe said s~ms of money were aiginally supulated
ro be pa:d on such day, anything in sa:d promieso~y note or in this Mortgage to tfie co~urary notw~thstanding; and thereupon w thereafter at the option of
s.~.d MORTGAGEE, without rwtice w demand, auit at law a in equity, ~herefo+e or thereafte~ begun, may be p~oxcuted as if ail moneys setured hereby
c:d matured (x~6r to its institutwn.
7. That in the evenl ~hat at the beg~nnin9 of w at any ~ime pending any suit upon ~his Mortgage, w to foreclose if, w fo ~efwm it, or to enforce
~ment of any daims hereunder, aaid MORTGAGcE shalt appty to the Cu~rt having ~u~isd:dion thereo! fw the xppo~ntment of s Receiver. suth Cour1 shall ~
r_ rhwcth appoint a receive~ of said mortgaged properly al! and singular, irdvd~ng aN a~~d s~ngulrr the ir.come, prohts, ias~es and revenues from whatevet
s~~cr derivrd, each a~d every of wh;ch, rt be:ng e,.pc^ssty understood, is he~eby mo~ryagcd as if spec~fically see forth and deu~ibed in the g~anting ar+d
h,:,endum clauses herwi, and such Recewer sha11 h~ve al~ fhe Moad and eFfecrive fu~;c:~ons and powers in anywise entrusted by + Cou~l to a Receiver, and 1
;__h appointment sha11 be made by such Court as an admittrd equity and a mai~er ot abso:ute right ro said MORTGAGEE, a~+d without reference to the :
_~iaq:,acy a inadequacy of the va3ue of the property mo~~gegcd or to the sa.vent~r or msol~ency ot said MORTGAGOR w the deiendants, and that such
r-:-:rs, proiits, income, iuues and rever.ues shall be ap;:l~ed by su:h Reteiver accurd~n9 to the lie~ or eq~r~ty of said MORTGAGEE and the pradica of tuth
Coutt.
8. To duly, promptiy and (ully perfo.m, discharge, execute, e~fed, comple~e, con:pty with and abide by each and every fhe alipulatio~s, agrcrrn~nts,
condit~om and covenants in saed prar+ussory note and this mortgage srt forth.
9. That in the event the ownership of the mortgaged premises, w any part tF~creof, becomes veated in a penon other than 1he MORTGAGOR, the
:^~R7GAGEE, ita successo.s and ass~gns, may, w~ihou~ no~~ce to ~he n~ORTGAOR, deal w~th such succeuw a successor in imerest wi:h reference to thii
r.•c•tgage and the dsbt hereby secured in the s~me manner as w:th Mortgago~ without in any way vitiating a d~scharging the Mwigagors' liability here
;;~7~~-r or upon the debt hereoy secured. No saie of fhe prem~ses hrreby ~norigaged ar.d no forbearance on the pan of the MORTGAGEE a its successw~
cr ass~gns aod no extensan of the time f~ the payment of the debt he:e6y srcured given by the MORTGAGEE or its successors or ass~ge», shall opeute
ro re~ease, d~xharye, modify change o~ affect the orig;nal leab~l~ty of the MORTGAGOR herein, either in whole or In part•
10. ~t is spec~ficatty agrecd that Gme is oi the essence of this contract and ?hat no waiver of sny obGgarion hereunckr or of the obliQatiw~ st
cvred hereby shalf a~ any time thereaf~rr be hetd to be a waiver of the terms Ixreot or of the instrumeM secured he~by.
I1. In add,t;o~ te ~he forego:ng rnonthfy pdyrn,ntS of princ paf and ~ntereet req~ired by the promissory no!e ucured hereby, morigagor covenants
~•.d agrees to ,~ay ro mortgjgee v~~th each monrh~y pay~cent an add~~ionat wm estimated by mortgagee to be equal to 1~ 12 of the annual cost of the follow-
:..,3:
A-All real p~ope.ty taxes levied or assess~~d aga]nsf ihe above descri~ed real estate.
B-Prem~ums on iire and windsto:m ins~~ac~e as nerein ~equ~red to be carri~d on tiie improveme~ts situate on the sbove dewibed premises.
j C-Prem~~ms o:+ svth mo:tgage g~a~anty ir.sura~ ce as mortgagee sha{I frcm t me to time deem fit to carry on the loan secured hereby.
' Mtortgagee sha~f {rom rime to t~me no~iiy mortgagcr wr:~~ng of the an:oum due and payable hereuoder and such sum shall thereupon be due and
` ;~;,bte o~ the due dare of the neRt monthiy paymem and each s~ccessive m.omh thereafier ur.til mortgagee shall notify mortgago~ of a change in such
~ a•~ovnt. Such wms tha:l be appiied by mortgag<e toward the payment of reaf property taxes, insurance prem:ums, and mwtgage guaranty insurance
~nu}!ums. °
~ IN WITNE~S WHEREOf, the se~d lV40RSGAGOR has hereunto set his hand and seal the day and year fers~ ~foresaid. ~
Sig ed Sealed and detive?ed in the presence of:
1(/..¢..~ -a
_ t.il iam R. a c ings sz ~ adu2t
/ ~sea~
!
- ~Se~~
s,aTE oF New Jersey ~ ~
-ourirr oF
s~ro,e ~ pertonally appeared ~villiam B. Catchinys, a sinyle adult
~pc]kKiL to me well know~ and kreown to a~e t~~i~.:~..
t~a individua~ desuibed i~ and who executed !he foregoing instrument, and acknowledged before me that he executed ihe same tor tl~ y~? :
+i erein expressed. ~}~C~O XXXXX?CXXXXXXXXXXXXXXXXXXXXX)?XXXXXXX~ ~R'--"fi~~i~,
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~ InGU1T COURT ARr W~LK Oi '
eer~.~ To: CIERK C ~ ~ ~ ~ ~
~ -
YERIf 1E0 ~,~r ~`,'MI~Ki~'~
Fint Fedenl Savings b Loan Asaociation aECORO .
Of Fort P~erce. e 1
~ fort Pierce, Flcrida ~'r ~ ~ ~7~ ~ 1, ~ 7 ~
29~941
~ This Instrument Prepared By Gary F. E 2lwocxj f
First Federal Savings 8 Loan Association
of Fort Pierce F lori Ja 33450
Checked By ~ B OK ~rV~.r PA6E~~
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