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HomeMy WebLinkAbout0560 3. To ptec~ •nd cont~nuoviiy keep o~ 1he b~l:di~u~ti now w here~h~~ t~~~at~ on tiaid I~nd ~nd on a!t ~qulp~..ent •nd penon~l~y cove.ed by ~hi~ monq~ ~ge. with ~11 p~em~umf Mercon pa:d ~n 1u11, hre ~n~~~ance ~o ~he us~rl s~snderd poGCy lorm. in • wni appiovrd by tM MOR(GAGEE. s~~d w~~dt~wm . ~mv~anct In ~M uwal ~t~nde~d pol:cy lam, in • ~~m appro.ed by ~h~ MOR1GAGfE, in ~uch co.~~p~ny o~ tanpan~es ~f tM MORfGAGEE ma~ dn~d; and atl fi.e ~nd w~ndiio~m insvra~ce po:~ue~ on any o( se~A b~,~id:np~. ~ay int~te~t tMrein or put Ihe~eol, in tM p~repa~~ wm ~faeu~d o~ in ~~cesf Iherrof, shall co.~eain ~he usu~l ~u+,da.d n+o~~yegee ctause w wch o~h~~ daus~ tM Mo«yaqes may rcqu~~~, m~?i~np tM lo~f ur.da ~o~d po~~ cias, e~ch ~r~d evpy, p~yabl~ to ~aid MORTGAGEE as •p intr~eft m~y appeu, a.+d e~ch and we~y such poi~cy iMll bs promp~ly •~s yned ~nd dNivered ~o •ny held by utd MORIGAGEE a• lu~ther ~ecuriry ~o sa:d mo~iq~g~ debl, and. not leu ~han ~~n (101 dsys in ed+a~xs ot 1ha esp~~stion oi e~ch pol~cy, to dr Irv~r Io s~~d MORIGA(;fE a renewal ~hereol, ta~e~hH w~~A • rece~pl la the p.emium ol wch renewal; •nd rhe~e shall b~ no I~re or w~~~dt~o~m iniuanc~ pl~c~d on ~ny ol ia~d b~~ld~ngs. any in?erou the~e~n w pu~ ~Fu~w}, unlr~i in ~M fam uid w~~h th~ ics~ p~yable as alor~uid: and ~n tM ewnl any sum ol merNy bccanes p~yabie u~~der ~~ch pol~cy o~ pol.ueti ?a~d MORTGAGEE fhall h~w tFK opt~on ~o rK~~ve and •pply ~hs ame o~ •ccount o~ tM indeb~ed neu ~ecured hereby or ?o pen~i~ sald MORTGAGORS to recr~ve •nd uss it a any po~~ ~t~rrroi for o~n~ . p~r~ oacs, w.u+,~t th u~ .~,~~.~n•~ c~ enpe~~- iny ~ny pu~ty, lien p rigAf under w by virt~e pf th~s mortyage; ~~d i~1 IA~ fVen1 ~~~d MORTGAGORS shall ia ~ny r~ason ~ail fo keep fhe uid p~mi~es fo msured, a F•il to deliver p~anptty :oy of seed pol~urs o) iniuranc• lo sa~d MORiGAGEE, a~o~i promprfy to psy fully any pre,nium Ihere~o? w in +~y rc+pea lail to pe~la+n, d~acha~ye, •accvte, effect, ca*~yk~e, co~nply with ~nd •b~ds by thi~ covensnr, a any pa~~ hrrcw(, ~s~d MGRTGAGEE may puce a~~d peY Qw such in~urent~ or •nY p~rt lhareof w~thout w~ivir+g or •1(ec~inq e~y option. li~n, pu•ty, w r~gh1 u~der or by vir~w of thif Mort9ay~. and tht - }~u ~mounf of sxh ~nd sve~y wch payment ihsll be ~mmedi~tely due ~nd pay~bla and shall 6ea in~ero~t from ~M d~t~ ~hereoi u~~il pa~d ~t ~M ra~e of mne per cemum Wr ~nnum snd to~ethc~ w~th sucn ]~~~erest shau !w scwrcd by Ihe lien of th~s mortya~s. 1. To permit, commit or suf(ei no wasle, impairrent w detenoratioo o( sa~d property or any paA thereo(. S. io p~y aii a~o singuiu tne tos~1. CnargH ~nd eYpenses. ~nciuo~..g a reato~aoie ~ncMney's iee s~~o cosn oi ~wnecis ui i~ita. i~KVn~n; w y.:J .i eny time by ss~d MOR1GAGfE, because or in tbe event ot ~ha f~~lwe on tM pan oI tM said MORiGAGpR to duly, promptly ~nd fu:ty per(orm, d~scFurq~. eucute, e}(ect, comptere, ~ompiy w~th and ~b.de by each and every the •?ipc,la~wn~, agrcrmentf, cond~ho~f, snd tov~nams of s~id promissory note a~d ~hi~ mort9~ye ~ny w e~~l.er, and ss:d costa. chuge• and e¦pensaa. each and every. shall bt immrdutety due and payabte: wherher a not ~here be no~ke d~ mand, ~ttempt to co~lett w suit pend.ng; r.r.d tha f~ll amouM of ea<h snd e~ery such paymero shall besr inreros~ lrom ~he da4 thereof ~mil pa~d H the r.~re o~ ~u~x pt~ ccntum F,rr en~wm; and a11 said wstt, chaegea a~d xapenses mtu.rtd or pa~d, togrther w4h suth inte~ssl, fhall be secur~d by the Gen of thif morty~~, 6. T?wt in the evcnt of any b.carh of thls Mortgage o? defaul~ on the pa.t o~ the MORiGAGOR, or (b) in the svem ~ny of sa~d sums oi enoney herein referred to be ~ot pranptly and fui~y pa~d wdhin ~h,rty ;1~) deis ncR~ atr~y the ~ame tn+e:a;ty becon,e d~e ~nd payable, wi~houl demand or ootits. o. {c) in the event each and every the st~p~lanoni, agreemer~ts. ca.d~r~o~~s and co~ena~~s of sa d promiisory note and th~s mortgage any a ebher a~e no1 l~ty, promptly and fully ~rform~, d.sc~~argrd, executed, effeued, co~npleted, comNl~ed w~th and ab~ded 5y, ~hen in e~the~ or •ny such event tl?~ sa~d ag grcgaq wm me~aa~uc! in ssid prcmisswy nute then rema~ning unpa~d, with inrc.est accrued, and aIl mo~eyi secwed hereby, thall bccome dw •nd pay~ eD:e fo~thwith, or thereafter, st ~he op!~on of se~d A1pRIGAGEE, as fully and compleuty s~ if a? of ~he sa~d sums of money were upinaily thpulatcd io be pn:d a+ such day, anything in sa d prom:ssory note or fn this Mwtgage ~o the contrary no~.v~~huand~ng; and thereupon or the~eaher at the optwn of se,d MORTGAGEE, v~~thout not~ce or demand, sui~ at law a i~ eqwt~, the~efo~e o~ therealter bcgvn, may be proKCUted af if •11 moneys ~ecured heteby nod maWred pnor to ~ts inat~tu~~on. - 7. iMt in the evcnt that at the beginn~ng of or at any t~me pe~d~.+g any su~t vpon eh~s Al~o~~gage, or to fweclose it, or to refwm it, o? to enface ~ payment o1 •ny daims herevnder, said N10RTGAGrE she,~ appiy to the Ccu~r hav~ng ~u.~sd~ct~o~ theroo! for the appo~ntrt~ent of • Receiver, ~uch Cour1 ahell lor~hwifh ~ppo~nt s receive. of ae~d mw?gaged property all and singvlar, inciud ng a? and s~ngu~a~ Ihe income, prol~ts, istues and revenues irom whateve? source de~i+red, each and every of wh:cn, i~ be~n9 express~y unders~ood, ~s hereby mortgaged s~ if speuf~cally set (orrh and deuribed in the grantinq u+d habendum cl~uses hereof, and such Rccciver shall have atl the broad and efi~ct.ve funct~ons and puwers in anywise enirusted by a Cou~l to a Receiver, and s:.ch appoi~tment tAaif be made by such Cou~t es aa sd~nittrd equ~~y and a matta of ~bwtute righl ro s4~d MORiGAGEE, and withaut refercrxe to the edeyuaty w insdequacy of the wlve of the prope.~y moregagcd or ?o fhr so,vency or ~nso~rerxy o( sa7d MORiGAGOR a the defe~dants, and thst wch re~~s, profin, income, issurs and reve~~es shal{ be appGed by wch Rece~ver accord~ng to the 6en a equit~ of aaid MORTGAGEE and the prac?~ce ol sucb Court. • 8. To duty, prompNy and (ully per(orm, d~scharge, cxecute, effect, cor.~ptere, comply with and ab~de by each and every the aNpulations, agreements, ,ond~tions and covenants ~n aa~d ptomisswy note end th:s mortgage srt forth. 9. That in the event the ownersh~p of thr mortgagcd p~em;ses, or any pa~t thereof, becomes vestcd in a person otner th~n the MORTGAGOR, the MORTGAGEE, its s~cceswn and ass~gns, may, w~!hour net~ce to ~he 1~'.ORIGApR, deal w~th such successw o~ svcce~sa in interest with re(ere~ce to this mo•~gage a~d rhe drbt hereby secured in the same manr.er as wah Murr~ago. wrthout in any way vit:ating w dacha.g~ng the /~loregagori liability hera ~nder or vpon the deb~ hereb~ sewred. No seie ot the F~em~srs hereby mortgaged and no 4orbearance on the part of ~he ?AORTGAGEE w its suctessors or a+s~gns and no extens~on of the t~me ia thc payme~~ of the debt hereby secuted g:ven by 1he MORTGAGEE or its successors w au~gns, ~Oiall operate ~o re~ease, d~schary~, mod;fy cMnge or affect tho a,g,na~ I~ab~l,ty of the MORiGAGOR herein, eith~r in whole or i~ part. 10. It is apeufiully agreed thst time is of the esu~ce of ~his contract and th~t no wsiver of any obtiy~~~pn hereunder w of the obligstion sc cwed hereby shait ai any time thereafter be held to be a waiver of the terms hereof or o( Ihe instrument srcured herby. 11. In atid t:o~ to ~he forego ~e~ ItlOn}f1~~/ ~JJ~T•°l1TS of p~in: pat and ~nte:est roqu:red by the promSSSOry note ucured hereby, mortgagor eovenants e~ d egrrea ro pay ro «ortgagee with eacF. rnon*h~y pay~.,enr an add•ronel sum es~ n:ar~d by morrgegee to be equal ro 1,' 12 of the an~ual cost of the ioNorr- ~3: A-A~I rea! property tax.~s ~evied or assessrd agai•,s• thc ebo:e destr;bcd r_a! estate. B- P,e:r:~u~ns o~ f~re and w~r.dst~m ~nwra~-ce as_here~n r~q~..ed to be ca~~:ed c~ rhe :~p.ovements s~tuate on the above dsscr~~d prem~aes. C-P:em~un s on such mortg.,ge guaranty ~r.s~ra~ ce as mo~tyagee shall from t,me to t:me deem fit to carry on the ban secured hereby. Matgagee sha!1 +~cm r~~~e to t~~T:e ner+fy mortgago. ~n wrn;ng of the amo~~t d~e and pjyable hereundar and such sum shall thereupon be due and ~ •:,'a •:-.a .~.,:e da•a -t - - ' . . • ..v .,2:T v,.t:.:y y~~..:~~ii i+id eaCle au:cravrr mvnii~ ii~erraiicr ~ni+i mviyayee sMii noii~y morigegw o~ a Cnarge in suCn a~ ount_ Such svms s~a ~ be a;,p',rd by mwtg,~g~e rona~d rFe paymem of reaf properry faxea, ins•~rance prem:ums, and mortgage guaranty inaur+nce ~:•Fn:i~mf. - i IN Y11TNE$$ YlHEREOf, the said MORTGAG~R has hereunto set his hard and seal !he day and~y r first •foresa~d. ~ ~ Signed, Seated a drlivered in `t{~J p~esence of: ~ / ~ - ~ fiC-{~'.I 1~ L L t 1 ~ Ci.~...t11 W ~~dl,1.A. ~ n ~ ra es Nirrnu ' - (Se.q ` - ` Cj.~l ~ r f L ' ' (Se•q ; a era irm I - VIR /N//f - (SeaO ~ S~ATE Of 1 ~ C ~ r Of ~v//~-- - _ 1 ~ E Ganesh Nirnul i Befae me pKSw~aliy appeared - _ md E ~~:il'~'•.y~. ~ Jasodera Nirmul Ms w;fe, to me well known and known to me to M ~ ~ha ~d~1(, in and who exccueed the fwegoiny instrumero, and acknowledged before me that tAey executed the sart?s for the pwposes ~~.e~ •,rpres~d;'~~.rh..~~d Jasodera Nirmul ~ w~R dY~! tAd ' y"~ Ganesh Nira~ul „po~ a scparete and privat~ ~ e,cem7n~Ywn 6~ i1+e yakefY,.separate and aparf from her ssid husband, acknowledged ro and befwe me that the eaecused said instrumeM freely and volurr ~ ta~~~y ind v?:~hout any~ cmrpvliwn, consrre~n+, apprehens.on, or fear of o~ Irom her said husband. ~ •'J ~FTI~S~ dy/.' i~nn¢and offrcial seal th~s- --Q~ day of__ Ma ZC~1 A. D. 19 77 ~ ~I/~'..CG . ~a~~ ~ • : ~ • ~ ..!/L/ i ~ / ~ Notary Public. ~ ,~r r~~~ My Commission expires: C~7.~ ch~t/~H~ j R~tum to: ~ ~v~ /y8~ ?iKy~i?/A ~ Fint P~derat Savinga 6 loan Assxiat,on ~ OF Fort P,e:ce. : Fnr~ P~P.r., FI.,.:.1. F!! E~ A4D NECI~p~E~ ~ iT. LUCIE COUMTY FIA. : RQ~~Q °p'TR~~ ~ CtE?K ~{~CWT CCCAT ~ RECO?C~ vERtrlEp ~ This Instrument Prepared By 3. Hal Roberts~ Jr. ~ First Federal Savings E~ loan Association C ~+„t ~u t~~ ~ of Fort Pierce, Flozida J ~!t 11 x ~ Checked ey ~ € 3s01~4 ~ ~ ~ ~.Ai ~ ~ ~ sh ~ • ~