HomeMy WebLinkAbout0309 ~~~1I~~YV'~YY~SIY~J~JY~l~YYY~lflfl~~Ifl~I~f~~rlfl~IfI~I~I~I~~~I~i~1~~~I~~+I~I~If~ i~I~! Ipl~i~i~~~I~I~~~I~I~I~I~~~I~I~I~I~~~I~I~I~I~I~I~I'f~I~I~I~? i~i~I~i~l~j~~~~~j+jti?+j ;
~ ----~,-:~Y?O..OQ-----...------ - ..A~?ftIT.~ ~X . . i97~ . ~
~ H~R 1'AIUE RE~FIVED, the undarsi~ned, ~ointfy and seva~ally, PROMIS~ Tb ~AY i~ the or~e? of ,
_ I1P~U~I~~A_ ' . TR~~I~.--- . . " ;
_ ,
` ~--------------i 7vr.-- I.t~~. _~~--~~~,~-lc~----~-----~ _..~.......~_~..~....____QQtIARS, ~
ti~ at .-.------167__„(~r~ _.Street,-- S~t~s~u..B~ach,...FZcr~d~.-.---~3.rs~?7------- -ar:uch othe~ place as'.!~e holdsr ~
henof msy cMsl •t~ i~ w~itiR ~ogether with interost from ~~Y 1~.--.1~rTC2.... '
_ . _ .
at the rats of per centum per annum on tha unp~~d b~lance until m:tu~ity. The ssia principal and i~lerest shall
be duo and pay bla as foNow:: . ~ ~
~ ~~3.80 month, tha firGt payment beinq due June 1, 19?5 a.nd ccntinuo~ for ~
each mo ~ervaft until .i.d. This s.vm oft $9A.80 paid ~~c,h monkh shaU ~
first be c ited ter k an ' rema~nder to the principal of ~his :
~ oblig~tion, note y be pre d at an;y time without penal~?. ~
~ . ~ . - ~ ~
~ ~ i~
~ If defa~h b~ rn~d~ for day Ih• psymant of eey stall~+rnt of principal or inhrssl or any paA tMr~oF, fh~ whol~ sum th~n nrti~inin8~~~ -
`p+p~i~ with inttr~~i shall a1 holdor's aption btc d~» snd peyabl• ;thoct notit~ •rtisa u~cA optio~ ahall nol constitut~, waiver of th~
,i rtyht N•x~rcis~ tM ssm~ in tl~ w~nt oF svb wnl d~f~~lf. Nr mawrity th p~iatipsl sn v~d inf~ret! thsll b~~r ieter~it a1 .L~ p~r c~nlurn r+ -
~ p~r ana~e+ vnfil p~id. ~h~ iwak~ii ae~ tndors~n tfiis /urfk~r waivs ~~nund, Nc• df ao ayen+nt ~nd prots~f. If this not~ is not paid al i~
m~fvriry an~ tM saw» it plrc~o with an ~MOm~y for c ct~on, th~ msk~ra +nd •ndonm •no! apr~~ o pay ~II cwls af :o14N;on, indudiRp •1! co~rt ~
2~ so~ts •nd nssM~~ a~rn~y ENS. -
-
% R!CtiA!2D 7Ft~R04Y$Kf . . ~ ~
1~OTAR1' PUE? 1
~ l C. Stato of-New Yotl~-% ~ - ~ - • . ~ .
a Quli1~ 1~ S~t(ol'~ Cq~t~t~; •
~ No. ~~.~1~839A~•- i _ ~ y - .
Commi ' ~ ~
~ ssion Expir~s f11d7 3 ~ ~ .
, . 0, lB~,''•:~ . ~ '
.
~ l ~1 ~ ~j - 7 _~,I • _ -L--e-~B---- - - _ _ - -
~ ~ . - - - . _ . _
~ Attest, ~ ; } ° s.-.'~~- - -~C~~- - _ - - (SEAL) :
t` lly - -
~ ,•;,.~a ,
- ~ _L~.j't'~'2~ : t',, o oer _ :
~ ~ > --.;;-----;e~°-=a--.~ . ~
~[.t~}s~~.YI (SEAt) .
~.fS?~I~I~~ 1fI~~'I~~.1~'If1~f~ ff~'1~1'1~1fI~IfI~l~l~T1~~'Tl~~-l~=~
i~~~1f1f~f~flfl~I~~f~~I~fI~I~I~Ij~~lif~f~~1fl~Iflfiflfi~I
i~I~i~I~I~I~I~If~~~flfl~l I~i~i~I~~~i~~~i~~fj+Of~?-+j ~
and shall duly, prou~ptly and fuliy pertorm, discharge, execute, effeci, con~plete, comply wlth and abide by each
and e~er~ the stipulations, agreements, conditions and covenant9 of said prom:saory note and of Lhis mortgage~
then this morigage an~ the eatate hereby cre$ted shall ceaoe and be null and vnid.
It is understood that each oi the words, "note," "mortgagor" and "rnortgagee" respectlvely and tIte pron-
ouns referring thereto. whether in the eingular or plurnl anywhere in thfa mortgage, ahall be aingular ff one only
and ~hall ?~e plural jointly end severally, It more than ane, and shall be masculine, teminine snd/or lieuter, wher-
~ ever the context so implies or admlt9. - _
And saia 1lYorfcgagor tar hlmae;f and hi~ heirs, lega: representatives, auccessora and aeslgt~~ hereby cavEn-
ants snn aPree~ to and with said Mort~agee~ his legal representatlve~, successors and ass3gne: _
1. To pay aU and aing~ilar the pr[ncipa! and Intereat and Lhe varioua and aur?dry eume oi money payable by
ziri~e of seii~i pz.~ntl~sory note, t~n~i iltln ntottgi?gz, e8ci~ astiu every, proropUy on the daya reapeclively the asin~
aeveraUy btcome due. _ - _ • -
2. 7o pay all and ~inguler the taxes, assessrnents, l~vies, liab!]lties~ ob(igattons and incumbranct~. oi every
nature and klnd n~w on said described property, and/or that h~:eafter may be lmposed, auflered, placed, levied .
- or assessed thereupon, and/or that hereatter" may be levied or assessed upon this mortgage and/or the indebted-
ness secured hereby, each and every, when due and payable according to law, before ihey become delinquent,
~r_d before any lnterest attxches o; any penaity is incurred; and in so iar as any there~~f ia o[ record the same
shall be promptly satisfied and dischareed of record and ~the original official document (~uch as, for in~tanze, -
ihs tax receipt or the satiafaction paper officially endorsed or certified) shall be plated in the hands of a~id
, Mortgagee within ten days next after payment; and ln the event that any thereof is not so paid, sat?sfied ar?d
dlscharged, said Diortgagee may at any time pay the same . or any part thereoi ~~thout wai~~ing or afCecting
. any opti~n, lien, equity or right under or by ~•irtue o[ this rnortgage, and the full amount of each and every
- such payment shall be immediately due and payabte and shall bear interest from the date thereof until paid
at the rate of ten per centum per annum and together wilh such interest ahall be secured by the lien of thii
mortgage. ' - . _
3. To place and continuoasl}° keep on the buildin~s now o* hereaiter ~ituste on sald iand flre and windstorm
insurance in the usual standard policy form, in a yum not less than s........-..~~~u.~..-......~--....., !n such com- . -
pany or com~^nies as may be approved by said biort~;terce; and ttll such insurance policies on any ot said build-
ings, any interest therein or part thereof, in the a~gre~ate sum aforPSaid or in Excess thereof, shall contain ihe
usual 3tandard mort~egee slause rnakinR the lo~s ur:d~r said goticies, each and every, payable to said Tiortga-
gee as his interest may appear, and each ar.d et'erp su~•h policy shall be promptly deli~•ered to an~l held by sai~
riortgagee; and, not less than tea days in adeAnre ot the expiration of each policy, to deliver to said Mortgages
a re~ewal thereof, together with a receipt for the premium ot an~h renewal: and there ~hnll be no such insur- _
ance placed on any of satd buildinRs, any inieres[ thercin or part thereot, unles~ in the form and with the losa
payable as atoresatd; and in the e~•ent any aum o[ money become~ payable under auch pollcy or policiea said _
Mortgagee shall have- the option to recei~•e and app:y the same on account ot the indeDt~dness aecured hereLy o*
to-permii said hiortgagor to recefve and use it or any part thereof for other putposes v~ithout thereby ~s•niving
or impalring any equity, llen or rlqht under or by virtue of this mortgage; and in the eyent aald Mortgagor ahsll _
ter any reason fail to kecp the said premises so Insured, or fail to dellver promptly any of aalQ polici~s of
Insuranee to said I?tostgagee, or fail promptly to pay tully any prer.itu.m therefor, or in any rWpect tail to per-
form, diseharge, execute, effect, complett, comply with and abtd~ by thla eo~enant, ar any part hereof, aaid 1liortg- -
ngee may place and pay fcr auch insurance or any part the.eo! wlthout wafving or attecting any ogtion, lirn,
- equit~ or right under or by virtue o! th:a mortgage, snd the tu?7 arpount of each and evtry auch payment shall
be imrnedistely due a~d payable and 9ha11 bear interest irnm the date thereof until paf~ at the rste of ten ~ar
centi~m per annum and together ivith auch interest ~ha1t be eecu*ed by"ttte llen t,i L`~;a r,sortgege.
~1. To permit, commtt or ~utfer no wa~ta, impeirinent or deter:oreUon oi aafd prnpetty or any part ihcrr.at.
b. ~ To ~ay sli and alnRulsr the coata, chargea and expenxs, including nnaonnble ia~wyer'~ fees and c~~at of _
nbatracts of tltle, lncurred or Faid at any ttme by aatd Mortgagee becaua~ andlor in the svent of the fallure
on the part ot the said Mortgngor to duly. prompt?y and fully parforno, di~charge, exceute, etfect,. complete, _
comply w~ith an~ sbide by each and every tlse stlpulailone, s~greements, conditlona and covensnte af aaid pmmis- ~
~ aory note, and W~ mortgage. any or elther, and sald co~ts, charge9 an~ e~cpens~s, e,sch aad every, ahall be Lm-
- mediately due and ?ayable, whether or nat thet°e be notice, derr~and, attempi to colkct or eutt pencling; and th~ `
fu?l amount ot each and every euch paymeni ihsll bear interest fram the ~ste Lhenoi untll pald ~t the rste o1 _ •
ten per caitum per annum; and all said co~te, charges and expeniea eo iacur:ed ~r pal~ Wgether with sucL in-
tereat, shall De secured by fhe lten of thia morigage. ~
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