HomeMy WebLinkAbout0900 To piece and continuoust~ keep on the bu~:~i~ngs nuw o~ hereafter situate on ~e1d ~snd and on alt equiprtunl and perso~ally tove~ed by thl~ mort¢
eg~, wi~h all p~emivms thereoo pa~d ~n iull, fi~e ins~rsrxe ie the w~~i arar~dorJ poiicy form, in • sum approved by Ihe MOR~GAGEE, a~~d wind~~am .
~nwrance in ths uswl sta~~da~d Po:~cy form, in a sum approvcd by ~hs MORTGAGEE, in such company or comp~nies a~ tiw MORTGAGEE may
d~rec~; and all (i~e and w~nds~orm inssronce poi~c:e~ on any of •a~d build~.gs, ~ny interest therein w part therwl, in ~h~ agyrega~e ium aforssa~d o~ -
in excess ~hrreof, shall co~tain ~ne usuel standard mwrgag~ee ciaus~ w i~,ch o~her cieuse a~ ~M Mwtqagee may requ~~~, maAi~p the iou unde~ sa~d poli- ~
c~es, each and every, payabta ta said AIJRIGAGEE as iis imrrest may appear, and each and every iuch poiicy ahall be promptly ass gned and delivered to
eny F~eld by said MORTGAGEE as iurther security to said mw~gege debt, ar.d, not less than ten ({0) days i~ advaiue of the expira?ion of each pol+cy, to d~-
;;ver lo iaid R10RTGAGEE a rencwal rhereof, togt~he? with a reteip~ for the pre~nium of :uch renewal; and ~here thall be no fire o+ windttorm insuranc~
pleced on any of said build~ngs, any interest there~n a par~ therro(, un~es~ in the For~n and w~th ~he Ioss payable as aforesaid; a~d in the evenl any sum
of mo~oy bccomes payabte under s~ch policy w pol~cies sa~d MORTGAGEt shall hava ~ha option to receive and apNly the same on sccount of the indebted-
ness srcvred heraby w to permit said MURTGAGORS ro retrive and use it a auy pert thtreof ta o;ncr pwposra. witho~t th_~eu~ wa~+i.~ o~ ~mpair- •
Ing any cqu~ty, lian or righl under or by virtue of this moe!g~ge; •nd in the event sa;d MORfGAGORS shall for any reasoo fail to keep the u~d premius w
~nwred, w(ait lo d:liver p~arpdy any of said po:~cies o( inswance to sa~d MORTGAGEE, w fail prompHy to pay fuily any premium therelp w i~ any ....5
«•specl fail to perfo.m, d~scharge, execute, effecl, cort~pieta, co:rply wi~h ~nd abide by ~h~s cove~ant,'w any.part hereof, said MORTGAGEE msy place and
p.~~ fw such iniur.:rtte or eny part thereof without waiving or affecting aoy op~i:,n, ~ien, equrty, or right unde~ w by virtue of th7s Mwtgage, and the
f~~'1 amouot of each a~id erery auch payment shal! be immcdiattly due and pajable and shail brar interest from the date thereof until paid at tht rate o1
e per centum per ann~un ond tu~r2her wrth w<h imrreu shnlf tx secured 6y the lien o( this mwtgage.
1. To permit, commit w auf(er no wasfe, impairment or deteriorot6on oi said properfy a any part thereof.
5. lo pay all and singular the costs, charges and expenses, ~ncluding a reasonable atiorney's fee and coifs of ebstracts of litl~, incwred w paid at
.~y ~i~ce by said MORiGAG:E, because or ~n the event of the fa:wre on ihe pan of the said MORiGAGOR to duiy, p~omptfy and fuliy perlorm, d~xharge.
~<ecute, effect, cemp~ete, comply wnh and ab.de by each and evcry the eGpvla+~on:, agreements, conditions, and covenants of said prom~ssory note and thii
n,,;rrgoge any w ei~her..and aa:d costs, cha~ges and e,cpenses, each and evt+y. sha11 be immed~ately dve and payabte; whether o~ no1 there be notice d~
roa~~d, attempl to co:lett or suit pend~ng; and Ihe full amo~nt of each and e~ery such payment shall bear imereat trom the d~te thereot uNH pa~d at the
.•r o~ nine per ccnium per annu.~; anc: ai~ said c~sts, cF.ai~es and exp~~nxi incurred or pa~d, togethet vr~th such intereSt, tfwll be secured by the I~en of thif
mortgage.
6. That (a) in the event of any breach of this Alortgage or defaul~ on the pa~t of the MORTGAGOR, or (b) in the event any of said sums of money
hr.ein refe~rrd to be not prortiptly and tully paid w~thin th~ity {34) days neRt atter the same severa!ly bccome due and payable, without demand or notite,
~r (c) in !he event each and every the sGpulations, a9rerments, cond~tio,is and covenems of sa.d promiswry note and this mortgag~ any o~ eithe? are nof
i_~,y, promptly a~~d futiy ~erforrned, d ache:ged, exec~trd, eifected, comp(eted, ccm~,~:rcd with and ab~ded Sy, then in either w any such event 1he satd ag
ar~~_~ate sum menrioned in said prom;ssory no!e then ~emai~+ng unpa~d, wnh imrrrst acu~~d, and atl moneys secured hereby, •hall become due and pay-
e~, a fonhwith, cr thereatrer, af the op!ion oi sa~d ti~ORTGAGEE. as fu~iy a~ compietc~y as if alI of the said sums of money were a~gi~ally st~pulated
i:: be pa d on such d~y, anything in sa.a pron,:~:o~y note or in this Mottgage lo the con~~ary no~w~thstanding; and thereupon or thtreafter al the pption of
s,~ MORTGAGEE, wi'f:cvt not~ce e~ demand, sJd at law w in ~qudy, the~eiore or therrafter begun, may be prosecuted as if all money secured hereby
- matvred pnor lo ~ts inst~tution.
7, ihat in the event rhat at the ~eyi~n ng oi or at any time pend~r..g any su~t upcn this Mortgage, w to foreclose it, or to refwm it, or to enfwcs
~:enf of any cia:ms hertunder, said At(~RTGAv~t sfiali apply to ihe Cocr~ t~av~~g ~~r,;d~ct~w~ thereof for the appo~ntmeM of s Receive~, such Gourt shall
.:r.h appoint a recerver of sa;d mo~tge~ed propo•ty a!i and s~r.qular, inc,~.ng a.i and s~:ig~~ar rhe income, profits, issues and revenues from whatever
,--e d:_nted, each and every of wi~.ch, ~r ~~,ng eapressly undersrcod, is hereby ~r~ortgoged as ;f spec;fically ~et for~h and dewibed in tlx g~anting and
rnd~.m ra~ses F.e:eof, and such Receiver sha:l h~re all the broad and eifective furc;.ax and powen in anyw~se eNrwted by a Court to s Receiver, and
s- ~>ppuintmenf shalt br made by such Cc~r~ as ar. admitted eq~~ty and a ma?~er of abwiu~e r~ght ~o said MORTGAGEE, and withoul reference to tF~e
-p.,.cy er inadeq~acy of the va:ue of the pror~rry mongaged or ~o tne ao.vency or ~rroivency o( said MORiGAGOR w the defendams, and ~hat such
~ proi~ts, income, issues and revenues shali be app~ied 6y such Receiver accurd~ng to the iien or equity oE said MORTGAGEE aod the practice oi such
___rt.
8. To d~?y, prcn'ptly and fu11y pertorm, dischn.ge, execu±e, effect, co-nplete, corn~ly with and abide by eath and every the stipulations, sgreemeots,
-.+,~~ions and curenar~n ;n sa,d From,sso: ~ note and th~s morrgage set fc~th.
9. T=:at in ~he ev~•nt ;he ow~enhEp of tha m.or.gagcd p~em~s>s, or a:iy part thefeef, becomes vested in a perwn other tha~ ihe MORTGAGOR, the
.'~'T~~%.GEE, irs s,ccesso~s acd at::~ns rnay, ~ti::hcut ncf,~e :o ~he `l,ORiGAOR, deaE vv~ih su.h s~cceuor pr successor in interest with reference ro this
'yage a~o the d_i~ he<<•py ~ecu;,_d ;n t{,e some marr.~t as ~~ih 1.1or~g,go~ w~rhout in any way vit:ating w d~xharging the ~brtgagori liability hert
ic: or uc.on the deof l,c~eb~ seo~•:ad No s.;'r cf ~ti~ Fr~~•cises here~y rnor:gaged ar.d no forbearanee on the part of the MORiGRGEE or its suecessors
~a, qns ar.d ro c'R'~~rg.p1_p( rh^ t:~~.e i~r ~ne p;:yrrent ,f the debr h~.eb•y sec~red g~ven by Ihe MORTGAGEE or lts tuccessws or auigns, s;ull operate
~_~se, d.scha:ge, rn«f~iy c'~ange e~ ar'ett r~:e er:g,: ai I~ac.~~ty of the MORTGAGOR herein, either in whole w in pa~t.
10. It ~s s~ec }~;~~~~y sgre~d that r~nee is of the essence of th~s co~tract and that no waiver of any ob7igat~on hereunder or of the obligatan sr
r.•d hareby sha:~ at an~y ti~ce tnerrafte~ be t:e!d !o be a Y.d~VCf oF the Terms hereuf or Of lhe instrumcot secured herby.
I1. I. .,c;d ti~:, ier_ge .g ,r.~n~h ~ cc;n~,nes of c pa' ar.d ~~~~er~ s* requ,rcd by the prom;ssery no!e srcured hereby, mortgagar covenan~s
e.~~~as to ~ay ro r:~••~+r~-oee v::rh r~c~ ~~~,,~~r%~'; ;:a:r e~•t a~~ ;dd •:cr~a: yu•n ;sr.~a!ed by mo~tgagee ro be equal to l;`IT of the annual tost of the follow-
A--A'I r.a~ F.r~~per•, ta,rs ;e;~~d o~ ass•_s~.:ci .g3~,s' th-, ai:o:~~ desci~cd real esr3te-
6-?r.~r~ u•i:s on !:r~ dr:d rrndstare. msur~rce a> here~n r~~qu"red ro be carrird e~ the improvemeats situate on tFr: above described premises.
C-Pr:•-.nns o~ :~cn rrorc~,~~ ~~d~9•zty ~r5u~a~{f as ~*~o~tga;ee shai4 frcrr ;.me to time deem fit to carry on the loan secored hereby.
A1wty,.~ee s~ali '-~~n r,~re to t~--+e r.or•!y m.crrg~gor ~n wntn~y of the amovnt due and payable herevnder and suth sum shall thereupon be due and
i ,b'e on tn~ d.~e a~•.~ oi ihe ~+_.t no ,th:; ~>z,,:,,enr and e_c~ r,,ccesvve To:»i, rhereafte~ until mortgagee shall notify mortgagor of a change in such
;r.t. Such sums sha d ~e.app,~ad by m:rrgs~,e +o.~a:d the pa,rnent of reai p~operty taxes, inzurance prem:ums, a~~d mortgage guaranty insurance
n i. J
I Ih `:JITPtESS `NH:R~OF, i.^.e sa~d t1,OR7G:.GC~ has hereunro set his hand and seal the day a ye r fint aforesaid.
a!ed ar,d elide~ d in ihe preser,ce of:
i / -/''+.i.-ra~
E w~ ss: - d rk
~ r - (Se,4
~ ~~L_- - - - • Sea4
witness • I{ a ~a~~
~ oF F~7[~c State of New Jer~s e
~ : ~r~rr oF Essex ~ ~
4
~ Be(ore me persona!!y appeared _ .~OSQpIl Kaderka a~
K
.Iean J_ Kaderka hia wife, to me well known and known to me to be
~ ind:viduais descri6ed in ar.d who exewted the foregoing instrument, and acknowtedged before me that they executed the same fw the purposes
~ •A~~ e:pressed. Arc<! rh~ s~~d______ Jean J. Kadezka
~ of the said .~OSep~l .1. Kaderka ' ~ s separate snd priv~te •
~~T nat~on by me taken s~pardte and a~rt from her said husband, atknow:edged fo and before me that she exetuted seid nstr ent freely and voluo- '
~ and w~~hout any coz+pu.s~on, consuaint, apprehen ;on, o fear of or from her said husband.
Y1iTNE55 my hand and oific~al seal this _ - day of q. p. ~q 7$
F LED I?Np A `
a~.IUCIE OOUMTY Nota Public and fw the Siate of ~~ew Jersey
' ROC~t~'ORRAS My Co m~ssion expires: J111I7 31.St
° Return To: ~ ~ 1.978
~ CLERK C~ :Cui' COUItT Toni Ward , - •
r~rst Federal Sa.irgs b Loan Assx=at;on
~ RECORO VE~~F~ED ~ ~ ~
; of Fcrt F e.re.~ fI ~
Fo.t 1~irrce, F~cr~da ~
k F'fa l0 3 ~6 PH'?5 ~ : ....-...N. ~ :
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t This Instrument Prepared By Gary F. Bllwood 30',~~ ;"~(~~~aC~~ ~ a'
~ First Federal Savings & loan Association ~ p:~• ;
~ of Fort Pierce~ Florida 33450 "~,Cr', 'ti .~.f ~
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