HomeMy WebLinkAbout0902 3. To plac~ •nd continuously keep o~ ttro bu~:dings now or Iw~eattar ~~wat~ on soid iand and on all equipment and perwnally covered by this mortq~
ege, wi~h all p~emiums thr~eon pa~d in lul1, fue ins~rancr ~n the ut~al srarderd pobcy form, in • sum approved by the MORiGAGEE, a~d w~ndstorm
inw~anc~ in ~M uswl tt~ndo.d pot.cy iam, in ~ sum ~pproved by rh~ MORIGAGEE, io ~uch company w con.panies a ~ht MORTGAGEE may
di~eth ~nd sU (er~ ~nd w~ndstorm insurante poliues w~ any of sa~d bui~d~nqs, any inte~as~ therein or parl thereol, in the agy~egs~e sum afwesaid o~
1n extess Ihenof, shsll conrain ~Fu usual standard mwtgagee claus~ w s~ch othsr clause ~t tM Mwlga~ae may requhe, ma?inp Ihe loss unJa sa~d poli-
cies, each and every, payable to said MJRiGAGEE as ~~s inrereat inay appear, and each a~u! every such policy ihall be promp~ly ass gned ?nd deGve~ed ~o
any held by said MORTGAGEE as (u~ther ~eturity ~o said mor~gaye debt, and, nof lesf d.an ten (!0) dayi in ad.•ance o( the expiratioo of each poGcy, to da ~ '
I~ver to ia~d MORTGAGEE a renewal thereof, togerher wiih a«YC~p~ fa the p~~r.lum of wch renewal; and there ~hall be ra f~re or wind~to~m insurance }
p~xed on any of said build~~s, any interest there~n w part fhr~eof, ~n!ess in ~he 1o~m a~+d wi~h the lo~• payable a: a(oresa~d; and in the event any •um ~
of money bccomes'payable under euch policy or pof~cies said MORiGAGFE shall have ths opt~on 1o recaive and appty the same on accounl ol Ihe indebted-
ness secured hereby a to perm~r said MORTGAGORS to recNive and use it ar any p,=rt thrreoi tor oiher Nuf~~oS°S. ~'i+~hGJ1 ~h,.cui waivinq or ~mpa~r-
ing any equ~ty, I:en or ~i9ht undar w by vinue of this mer!gage; ~nd i~ the event sa~d MOR~GAGORS shall fw any ~eason (ael to keep lhe said prem~ses so •
insured, or (ail to del~vcr prpmplly any of said po:~ues ol insura~~ce lo sa~d MORiGAGEE, or fait promplly to pay fulfy any pre~nium therefq or in any
respect fai~ to pe~form, d~scharge, eaecule, effect, canpleta, tomply wi~h and ab:de by th~s covenant, o~ sny pa~t hrraof, said MORTGAGEE may ptace and
pay fw svch insurance or any part thereof wi~hovt vraiving w a((ecting any oF+t~en, iirn, equ~ty, or ri~ht under w by virtua ol this tilo~tgage, •nd ihe ~
f~~ll amovnt ol each and every such paymem shall be immediateiy due and payable and sfiall bear interes~ iran the date ~hereof ~n~il paid a~ the rate of ~
e~ne pet ceqium per an~wm and to~rther with auch inrer~sr shsci e~+ secured by the litn of th~s m~tgage.
1. To permit, commit ot suffer no waste, impairmcnt~w dete~~orahon of sa~d property ot any part thereof. i
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5. To F+ay all and singular the costs, charges and expenses, includ;rg a reasonab!e at~w~ey's fee and ccsts o( abstracts ot ti~le, incurred or paid at
any time by sa~d MUR1GAGfE, because or in rhe eve~t of the fa~ic~r on ~ne pan of ~he sa~d MORTGAGOR to duty, pron,ptly and futly perfwm, d~scharge.
e..ecute, effect, complete, comply with and ab:de by each and every the sti~x,tat~ons, agreen~ents, tonditions, and covenams of said pranissory note and thii
,,orrgage any or e~~her, and sa~d costs, chargcs and expenses, cach and every, shall be im~nedietrly due and psyabte; whether w not there be notice da
mand, atre:npt to collett w suit pe~d~ng; and the full a~noum of each and every ;uch payment shall bear in~erest from the date thereof umil paid ~t the
.r~- oi n~ne pe. cenrum pc~ an~~u.~; and ail sa:d cosrs, thargra and rwpe~ues inc~rred w yald, together wuh such i~terest, shall be secured by the lien of tha
mortgage.
6. That (a) in the event of any breach of this Mo~tgage or default on tix part of the Al10RTGAGOR, a(b) in the event any of said svms of mo~ey
herein referred ro be no~ pranptly aad fv11y pa~d wi~hin fh~rty t30) days nexf atrer ~he same severauy becane due and payab~e, without demand o? ootice.
or (c) in thr event each and every the s?ipufarions, ag~cements, cond~tions and covenants of se.d prom~saory note and th~s mortgage any w e~ther are nol
i~~;y, p~omptly and f~lly perfer.ned, d scha~ged, exe.vted, effrcred, comp:eted, comp:~ed wnh and abiJed tiy, then in e~ther or any such eveM the said ag
gregate wm menhoned in sa~d prom~sso~y note then remaining unpa~d, wrth ir.te~est accrued, and a!1 moneys setured bereby, shall 4etome du0 and pay-
~L•'e iOnhwith, o+ iherediter, at fhe o~>!~on of said MORTGAGEE, es fu7fy and comp;rtzly es if all of thr said sums Of money were originally itipulated
to be pa:d en svch day, anythir.g in sa d pro n;ssory note or in tn~s 4tertgaye ~o the con!rary notwithstanding; and Ihereupon o? theteafter al the op~ion oi ~
s, ~ ti10RTCaAGEE, witl:out nuncr or de~nand, s~d at !ow or in eq~~ty, thrre~ore or tnereaher begvn, may be prosecuted as if all mo~eys secured hereby
r:d mat~red pnor to ~ts insntut~on. j
7. That Sn the event that at tne :,eginn:ng of or at any 7nne pend~ng any su~t u}>on this ldortgage, or to fo~eclose it, or ro reform it, or fo enfores
p.iyment of any Naims here~r.dar, s.,id /.".ORTG:>;:•.t sha:t ,pp!y to the Cov:t },an: g ~u~isd!ci~on thereof for the appomtment of a Receiver, such Court shall
~•^.vith a~:~:olnt a re:eiver cF sa~d r..xtgag~-ri prcputy al{ and s~~gviar, ind~d no a~i a~d s~ngutar the i^come, proins, issues and revenves from whatever
~.~•cr deriveJ, each and every of wh ch, rt Fxi~q rxpress`y undr~stood, is hereby morrgaged as ii spec~ficafly set fath and described in the. granting and
t,a~tnd~m cla~ses hereof, and such Receirer shali hava all the b~.,ad and effechve fur.ce.ons end pov~er: in anywise entrusted by a Court to a Receivtr, and
e;h appoimment ahall !x made by s~ch Co~rt as an ed~nitted equiry anc! a matter af absc!u~e nyhf to said MORTGAGEE, and witFwut refererxe to the
a~:•,quacy or inadequacy of the vaiue of the proprrry mortgaged or to the so:venc~ o. ~nso'vency of sa~d !1tORiGAGOR a fhe defe~dants, and that such
,~rs, profits, income, issues and tevenves ~hat! be apalied by such Reteiver accordmg to the lien or equity of said MORTGAGEE and the prattice of such ~
:.ourt. i
8. To du!y, promptiy and /ul!y per(orm, discharge, execute, efiect, complete, cor.~pl~r wirh and abide by each and every the stiputations, agreements,
~.~~dit;ons and covenants m sa~d promissory r.ote ar.d th~s mcrtgage srt forth.
9. That in the event thc ovrnershlp oF the mo~tgaged ~re~~~ses. or any part tnereof, becomes vested •in a perwn o~her than the MORTGAGUR, the
:~RTGAGEE, i+s wccos~ors and ass~gf.i, !:'d~l, w~~houf noT~ce co ~he A'.ORIVAOR, deai-wrth such wccessor or successor in interest with reference to this ~
o-rgaye a~d the drbt her=by secvred in the same cnanncr as w~~h tlorrya~or w~thevt in any way vit~ating w distha~ging the /~Aortgagors' (iability here
-~~r o. upon rhe d~cr h~:etrv sca.~~ed No s~ie c+f tne F~~-•:~,s~s hc~eb~ mor~gaqed ar.d no for+~earance on the part of the MORIGAGEE or its successors
: as;~g~~s enti ~o ex!ersion eE the ticre fcr tne payn•ent uf tne drF,t h~r~ hy se;ured given by the 1hORTGAGEE or its su[cessors or assigns, shall operate
~o rr~ease, docharge, moclify c~wry~• or a`.iect the o•~y.~sal I~~c~;~t~ of tne MOeZTGAGOR i~erein, either in whole or i~ part.
10. It is spec:fica'ly agreed ihat t~r.,e ~s of the esse~;e of this conrrac~ and ~hat no waiver of any obLgation hereunder w of the o61i9aYwn se-
a~•ed hareby shaJ at any tir..e thereaf;er be he!d to be a weivcr of the terms herecf or of the instrumeM setured he~by.
It. in aJcs.!:o; eo rn^ foregc~n~ ~>,onrn', r;y,r_rrs of p,i:~;~;,;; and ir-.rc;esr requared 'oy the prom~.sscry no!e sewred hereby, mortgagor covenants F
> ci agrees to pay ro ~:o:tg-e3ee v:~th eacfi r,c~~hfy ~:a f,:~enr a~ add •:ona: sum est~.~ated 'oy nw.tgagee to be equal to l;' 12 of the anoual cost of the follow- ~
A-Aii rEal propert~ taa~s ~e~ne~ or assess~ci ega~•~s: th. oi;ove dezcr:.~,-d real estatc.
E F- ,;:,,~--s o., f:re and ~~~,:fS4'of•el ~nSV~3'C!' d5 hr:ein ~,-q~ ~.~d to L•=- car~!• d cn ~he ~mprovemeits s;tuare on the a6ove described premises.
~-Prc~~~..~rns c~ wch morta-.gf~ g.:~~~.~~,r,r ~rsu•acce .ss n:o-tgag~e sha!1 frc•^ r:ne to t.~re deem fit to carry on the loan sewred hereby.
j:,ert~,gee s~.~.: f•cm !une +o •.,>,e ,::;r:i, n:or+~eg.-;r ~n w.It:ng o~ fhe a~r.o.,~i d~~e and payable hereundrr and such sum shafl thereupon be due and
.,,i~'e on the d~e cT!r oi ih~ ncxr ~~e:,tr , F.;,y:~,_•;ir and e~ch s.:ccessive rro~~th tf~~:eafter unti~ mort a ee shal~ notif mort a or of a eha
9 9 Y g 9 nge in such
•.ount. Such su~~s 3~ 3:I ~'E 3p~:~~d by mortgag•_e to,roa~d t6e peymen; of renl prc~e:ty ta~ees, insurance prem:ums, and rr2artgage guaranty insurance ~
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1'~ :VIT?.ESS ':~HEREGF, tti:e s~;d MORiGkGOR has hereunro set his ha~:d and scal the day and year first aforesaid. #
S' ned, Sealed and delivereci in the presence of_ ~ ;
i _ / ~ . /
e-z:~_~3 /ra t % s., . aq
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ca, 7, • - Cli , ord G. t:'ether 1
If _ el
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_ t~~i ness__ _ ~~.Cw~ <K~ Catherine l•'etherel ~~an
~ ~°:.TE OF~moe~ N~;J YORK
f ~ u
~ _:~JNTY OF _ II~I~K - - 1 ;
Before me persor,ally appeared _ C 11 f f ~ L C' e t'~e r e 11 e~ #
~ ('atherine l''etherell his wife, to me well k~own and known to me to be ~
~ r~.a ir.dividua~s described in and who executed the foregoing instrumenl, and acknowledsed before me that they executed the same for the purposes
Catherine ::'etherell
ri e•=;n expressed. And the said__
~ ; e of th. said C 1 i f f O!~_ G• 1~ e t he re 11 upon a xpa~ate and private r
~ .-:m nat:on by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrument freely and volun- ~
~ :,y and v.~rho~t any compu~sion, constraint, apprehension, or fear oI or from her said husband.
e WITt~ESS my hand and off7c;al seaf th1:_ day of J n 8 A D. 19 75
~ F~«o ~NO ~ECORo
~ ST• IUCIE CO '
~ ROCER POITRAS Notary Public in and for the State of N~ Y jt Large
~ " CLERK CIRCUIT COURT My Commission expir~ ~p.N•'•..~iD C. A•:~~i~S~~i
- eer~m ~o: RECORD VERIFIEO
~ ; irst Federal Sa.ings 3 loan Asw:iat:on ~ No~.n i'ul,~ic -~..rr o~ ~I.Mr Yo~e ~
~o_ 3011fXii'£+S
i Of Fo:t P.~~c~, ~CQ t0 y~' ~
~ 3 36 PH ~ Q~~~,~~~Ji_cd in Su(lolk ~ 1~
~ Fort Pie*;e Ftcr:d3 ?5 ~ j,~~ ! ~pirp ~~eteh ~ ~~9.. ~
~ / ?...,~f .:a i
~ ju j•' ~ ~~7H ~Q ~~'%:rt i
~ 30~123 1., . 4
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~ This Instrument Prepared 8y Gary F. Ellwoad Q r ~ `
~ First Federal Savings & Loan Association te-=~•:' ~ ~0~ '"d ? ~
of Fort Pierce, F 2ar ida ~ : ~rn= :
~ Checked By ~ ~'t"';n~~ti~~J~l Ci;ti ~
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