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Home My WebLink About1990 ~ To plsc~ and co~tinuously keep on the bui!d~ng• now o~ hereafte~ ~itu~te on said ~and and on ~tl equipmeN and ~+ersa+ally <overed by thii mo~tg- ~y~, with ~11 premiums thereon pa~d in full, lire insurance in ths u~usl usndsrd pol~cy (orm, in • ium appro+ed by tM MORiGAGEE, and windstorm insur~nct in tIK usual ttandsrd policy form, in ~ sum approved by tM MORiGAGEE, io s~rch compa~y or twhW^~es ~M MORiGAGEE may d~recli ~nd all fir~ and wind~torm insurance pol3uei o~ any of ~a~, build~nps. ~ny in~~~~st thHei~ w part thereof, in ~h~ aggreys+e sum afaeiaid o~ in ~xc~ts therco(, shall ca+~ai~ tM utiua! ~tandard mortq+9es cl~uie w s~ch o~her clau?~ +s tM Mo+~9~g~e may reaua~~. mskirq Ihs Ios~ unJr~ sa~d polr ;~w + c~ss, e~ch and evcry, payabl~ lo said MORTGAGEE a~ i1t in~erest may appe+~, ~~+d each and every such poticy ~hall b~ promp~~y +s+gned and delivered to,'\~ •ny held by iaid MORtGAGEE +s iurthe~ fec~rify lo said matpa9~ debt, and, ~ot less ~h+e ~sn (10) days in +dvanc~ of ~he ~apiratio~ of each policy, to da livta to Wid MORiGAGEE ~ ~a+ewal th~rwi, toye~her with a reteipt fp tM pr~m~um of avCh renewal; +nd the~e shall b~ tw fire or windsiorm in~u~~nc~ ,y pt~ced on ~+y of said buildinps, ~ny intNKt tMrein w p~r1 1Mreof, ~nless in ~M fam u,d wi~h tAe loss paY+bl~ ai afa~~aid; u+d in ~he evMt s~y sum% of nwn~y becanas p+yabte under such policy w po1K'a~ wid MORTGAGEE ahall luve ~M op~ion to recsiv~ and appty ~he same on +uount of the indebted- ness secured Mttby w ro pt?mit said MORTGAGORS to reteive ar.d us~ il p•ny part thereof fa othcr purposes. ~VJF10J~ Ih_>~rb/ wai~ing or unpah- . ;ny a~y equ;ty, Iien w rigM unde. w by virtw of this mortga9ej and i~ tM ~vent sa~d MORTGAGORS shall fw any reason (sil to kcep ~he i+id prsmises so ; insured, w fail ro deliver prompfly a~y of said polKies of insur~nte to said MORIGAGEE, w lail promplly to pay fvlty +ny premi~m therefw or in a~y respect fail b pa(a~n, d~uhargs, e:ecu~s, effect, compl~ts, comply with a~d abid~ by this tovenanl, or any part hereof, said MORiGAGEE may p~+ce and t" ' paY tor wch iruuranc~ a any part thereof without waiving a ~ffecti~p any option, li~n, eqvity. or riyht unda a by virtw of this Matga9e. and ~he t~tl amount of each u+d ew?y such paymem shall be imrnediately dw and pay+bl~ ar+d thall bear interea~ from ths dah tF?ereof w~til pa~d at ~he ra~e of nine per centum per ~nnum and Io~ether with such interest shalf be secu~ed by tht IiM of th3s morl9ay~. 1. To permit, commit w sv.ifer no waste, knp+irment a deteriw~~ion of said prope~ty o~ any pah thereof. 5. To pay all and sinpul~r the coats, charges snd expenses, includinp a reasonable attwney i fes and costs of ~bstracts of titte, incvned w pa~d st any time by wid MORTGAGfE, becaus~ o~ i~ the event of the failure on the part of 1M ssid MORTGAGOR 1o duly, promplly and fully pe~(otm, d~xharge, execute, effect, comptete, comply with and ab;de by each and every tlx stipulstans, ag~eemen~s, conditions, +nd covenan?s of said promiisory note and thit mort~a~e a~ryr a eitAer. ~nd said cosb, char9p and e:penses, each and every. shal! b~ immediataly due and paYable: wlKther w ~ot there be no~ice de r~and, attempt to mlkct o~ sui~ pend~ng; and the futl anww~t of e+ch and every such payment shall bear interesf from ~he date thsrcof unul paid a~ ihe rate of nine per centum per an,wm; and all said costs, charyes and expensea incu+red a paid, togethe~ w~1h suth i~tarssl, shall be setured by the lien of thii mortp~gt. 6. That (s) in the eveot of any bresch of this Mortga~e or defaul~ on the part of the MORTGAGOR, w(b) in the eve~t sny of said swns of money t hrrein nferred to b~ not promptly and fully paid within thirty (301 dayi next after ~he same uveralty become due snd p+Yabls, without demand w notke, ~ or (c) i~ the evsnt each and eve~y the stipvlations, agreements, condirions and coven~nts of sa~d promiuory note and th~s mwtysge any or e~~her are nof iuly. promptly and tulFy perfwmed. d;scharged, executed, effected. completed. complied w~~h and abided by, the++ in ei~Fxr a any such ev~nf the said sg~ gregate wm mentioned in said promissory note then remaining unpaid, w~th inferest acuued. and aIl moneys secvred hereby. ~hatl become dw and pay- able iwthwith, w thereafter, at the option of said MORTGACaEE. ~s futly and compleuly as if atl of the said sums of money were or~ginalty st~pulaied :o be paid on such day, anything in said prom~ssory note or i~ lhis Mortgage to the contrary notwitl»tand(ng; and thaeupo~ w thcreafter at the op~~on of sa~d MORTGAGEE, witho~t notke o~ demand, suit at law o~ in equity, thercfore or thereaf~er begun, may be prosecuted aa if all moneys secvred hereby had matured pnor to ib insrituran. 7, That in the event that at tF~e beginning of or at any time per?ding sny suit upon this Matgsge, or to faedose it, w to refwm i~, a to enforce paymeM of any ciaims here~rider, said MORTGAGEE shall apply to the Cou.t hsving ju~iadrction tAereof fw the appantment of a Receive~, such Cou?1 shall Forthwith sppoint a reteiver of said mwtgaged ptoperty all ar?d sinyular, intludmg all and singular the income, p~ofits, iswei and revenues from whatever source derived, each and every of which, it be~ng expreuly undern?ood, is hereby mo~egaged as if speci~iully ut forth and desu~bed in the yranting and habendum clavses hereof, and such Receiver sMll have sll the brwd and eifective fu~ct~ons and powers in anywise entrusted by a Co~~t to a Rece:ver, and s~ch appointment shall be rr.ade by such Court as sn admitted equity and a m+ttu of absotute rigM to said MORTGAGEE, a~d withouf reference ro the edequscy w inadequacy oi the valve of the property mwtgaged w 1o the soivency or iniotvency oi said MORiGAGOR w ths defendanss, and , that such ren+s, profits, income, iuues snd revenues sFwll be ~pplied by such Receiver according to ths lien a equity of said MORTGAGEE and the practice of such Court. 8. To duly, prompHy and fully perform, diuharge, execute, effect, complete, comply with and ab~de by each and every the stiputations, agreements, conditioeu and covenants in sa~d promissory note and this mwtgage xt for~h_ 9. ihat in the eveM the ownership of the mortgaged pr~miaes, w any part the~eof, becomes vested in a person other fhsn fhe MORTGAGOR, the h',ORTGAGEE, its successors snd sssigns, may, without notite to the 1NORTGAOR, deal with auch sutcessw or successor in interest wi~h reference to this mo,tgage and the debt hereby secured in the same manner as with Abrtgagor without in any way vitiating w d~xharging the Mwtgagors' tiability herr under or upon Ihe debt hcreby secured. No sale of the premisea hcreby mortgaged ~nd no farbearante on the part of the MORTGAGEE ot its sutcessors or assigns and no extens~on of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its succeasors a au~gns, shall operate ta rolease, dixharge, modify change a affect tF~e origi~al liabitity of the N10RTGAGOR herein, either in whole or in part. 10_ h ia specifically agreed that time is of the essence of this contratl and th~t no w~iver of any ob~~gst~on hereunder or of the obligstion sr - c~red hereby shall at any time thereafie~ be hetd to be a waiver of the terms hereof o~ of ihe instrumeM sec~red herby. ~ 11. In add~tiol to the Forego'ng monthly payments of princ'pal and in!erest required by the promissory note secured hereby, mortgagar covenants and agrees to pay to mortgagee w~th each month'.y paymeM an addirional sum est~mated by mortgegee to be equal l0 1~12 of the annual coit of the follow- ing: A-All rcal property taxrs levied or assessed .against the above deuribed real estate_ B-Premiums on (ire and windstorm insurance as herein requ:red to be carried o~ the improveme~ts sifuate on the above desaibed premises. C-Premiums on such mortgage gua•anty insurar.ce as mo~tgagee shall frc:n t;me to time deem fi1 to carry on the loa~ secured hereby. Alortgagee sha11 irom-time to time notify mortgagor in writing of the amoum due and payable hereunder and such s~m shall thereupon be due and ` Fayable on the due date of the next monthty payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a change in such ~ a~.,ount. Such sums shail be applied by mortgagee toward the payment of ~eal property taxes, insurance prem.ums, and mortgage guaranty insurante ~ p~emium3. i IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. ~'C '7 . g Signed. Seakd and delivered in ihe presence of: L ^ ]C ~ ? LL ~,.~n v~t~ `~c'C--tS~ ' ~ r ugtr s rice, a s ng e a~~t ; v+ritnesses ` 1 A ~~.1~.. ~ ~Seal) ~el) . STATE Of ~x ~2N York ~ S5. couNn oF~ ~ ~ Before me persorwllY appeared .1. '.1U~lIS~.115 Bt1Ce ' ; to me well known snd known to me to bs the indiridwl described in and who executed the fwegoir~g instrument, ~nd ackrawled9ed befwe me that he executed tha same fw the purposes rh~rein expressed. Af~Y)f1~iCY~ - ; ~ ~ J(~i~iiqCYJ~'YK~ili~~7F~K ~ii~~F~i~AfiiL ax~~oatx~akomc ~qcp~~~)cl~ ~ti0tmc ' WITNESS my hand snd official seal th' • day o~ September ~ ~ q. D. 19 7a ~ ~ ~IJ9~t,~-LL~ •a. ; f{LEO AND 11EC0°..~~ Nota Pobl~c ~ . ST.lUC1E COUMTII fl.A• My Comm~uan expires: ~ Retvm Ta IT~lAS 1~ CdURT ! ~ CCfRK CI~CU ` ,s First Fedenl Savings d. loan Association RECORD VEIi1F~E0~ . ' ~ Of fort P~erce. ' Dorothea Bevil ~ ; • : ' • . ~ . ~ ~ Fo+t Pierte. Florida ~ ~ h!.^ ~:oin ,r,! . ~ 3 ~Z PN 1~1 Hota~y P~~.,... _ _r~~~, v~ : - , . . ~ ~ ~ ~ Coer:y of I;~,~c~a:.e -_aaf(alk - ~3Q~`, Suffolk Co~nty Cle!k's i`~o -8451~ _ . § nt Pre red B ~ommission Expires Mar 19 / - . ~ ' hi Instrume ~ T s Pa Y Richard K. Kayes ~~t~ , First Federal Savings 8 Loan Associahon , . : y ~ of Fort Pierce~ Florida `Y Checked By ~ 232 1990 ~ - • . . : ~ - ~ - ~ .y ~~Z ~ ~ ~ ~ ~ ~ ~ ' . _ ~ ~ - ~ ~ -