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3. To piact ar.d continuously keep on the 6vi!di+u~s now or htreafter ~itunte on sa~~ lanr! ar.d on all equipmeM ar.d F+e~ionally coveted by ihis cnortg• !
aga, with all premi~ms the~eon pa~d in (~il, firo insvrance in ihe uxwl srendard F~li~y torm, i~ a ium apNrove~ by the MORfG.1GEE, a~d wind~term ?
t~~wrance In Iha u~ual standard poficy form, in a tum approved by ~he MORTGAGEE, in svch compa~y or comptnies as tha MORTGAGEE may `
dirett; and all Ilre ar.d wind~torm (nwrance policics on any of =aid build~ngs, any iMerest therein or parl Ihereof, in Ihe agg~tgale rum a(otesaid or ~
in excess Iherrof, shall cor~tain ihe usuel standard mortgagea dause c+~ such 61hr~ clause as 1he Mortgagee rniy reqvire, maAing Ihe luss under snid poli- f,~ ;
ties, each and Pvery, payabte to said ~~1CRTG•AGFE as its interesi may appear, ancl esch anc! tvcry such ~x±!icy shall br pcomptly ass yned a,~d detivered to •
any held by said A10RTGAGEE as {uriher securHy to said ~nor:gage debt, and, nol lass than ten (10? days in advance of ~he exp3ratiorr of each polity, to de• ~
liver to said A50RTGAGEE a renowal thereof, toge~her with a:eceipt for tha premium oi cuch ~ene,wol; and there shatl be no f~re or •uindstorm insorance
placed on any of sriJ builc~ings, any interest tharei~t oi par; th:~eof, vnless in ~he fo~m and with Iha los: payabie as aforesnid; and in rhe eveM any tum
of mo~ey lxcomes payab!e u~det :vch po~icy or palicies sa~d M0~2iGAGEE shall have the option lo recrive and apply the same on at:ount of the indebted- ~
na~s se:ured hcreby or to permit sj~d MORTGAGORS Io re«iva and uso il o~ any part ~harcaf lor o:her. p~1rF•oses, villho~~ ~h:riu/ waiveng o~ impair- ,
ing any equity, lien cr ~ight vnder or by virtve of f,ii~ mo:igage; and ir, 1he event sa~d h10RTGAGORS shalt !or any rcason iail to keep Ihe said prem~s:~ so i~ ,
in9ura~, or fail to daliver prompt~y any of s~id polities o( insurance to sa+d kIORiGAGcE, or fa~l promplly to-pay hdt~r a~y premi~m thcre~or or In any ~4._ .
respett (ail to ~er(orm, dis<harge, executa, ~(tect, comp;eta, to:nply wi~h and ab~da hy thi~ tovenant, or any p3r1 hrreoE, said ~AORTGAGEE may plece and
pay for tu;h insu:ance o: any parl thercof wiihout waiving or af(ecting any optio~~, lien, equity, or ~ight unde~ o~ by virtue o( Ih'is Mortgage, and ~he
~ full amount ot each and every such payment ehal! be immcdlately duo and payable and shatl bear interest trom Iha dale ~hercoE untii paid at ;he tate ol
nine aer cent~~m per ai:nvm and to~ether wiih svch interesr ~hali be s~cured by tha lien of th~s mortgrgt.
4. To permit, commit ot svtfe~ no waste, in:pairment or deteriorot~on oi said property or a~y part thereaf.
5. To pey a!I and singular the cwts, charges rnd expenses, i~ictvding ~ reasonablE af~orney's fRe and tosts oi ab~!racts of title, inc~rred or paid at .
eny time uy aaid h1QQTGAGfE, because or irt ~he evenl of tho failure on the part of the~said MOkiGAGOR to duly,- prompl?y and fully per(orm, dlscharfle.
- exec~~ta, etfect, co:nplete, comply tv~th and ab:do by each and e•1cry tha atipulahans, agreemert;, tonditioos, and covenanis of sald pramissory note and -this
n:ortga ;e bny or eithrr, ar,d said costs, charge~ and axpenses, each and every, ahall be imn,ediately due and payablr, whether w not thare be notice dc
mand, altempt to collect or suit pe~dingr and the full a~nouni cF ~eacl: yr•~ e~~ery svch paymenl shatl bear intere:l from Ihe dete :hereot until paid el the ~
rate oF nine per cantum pcr annu:n; an~ all said costs, charg~s anJ expenses iocurrsd or peid, togetner w~th such interest, shall be .ecvred by the lir,n of thi!
mortgage. ' ' - ,
4. :ha~ (a) in tF.e eva~t of any b«ach of tfiis Mcrtg,ge o: defrutt on Ihe part of the M4RTGAGGR, or (o) in the evenf any of 13iCI sums of money
- heret~ referred to be nos pradptiy and fully paid wi+hin Ih~r1y i3G1 days next after the same sevarally became due ~nd payabie, wiihout demend or noticz,
ot (c) in 1ha event each and every ine stipulations, agraements, cond~tions a~J co~enants of sa:d promissory nete and this mortgage a~y or either are not
~uly, promplly and fully perfnrmed, d~echarged, exocuted, effccte~, compkted, compiied with and ab~ded tiy, then in eitner or any w_h evrnf the said ag
gregate sum mentioned in said promissory note then remaining unpa~d, with interesl acuued, and a!! rrwneys secured hereby, shall betome due and pry-
able forlh~vith_ or thereahcr, a~ Ihe option of said A10R1GArEE, as fully and cempte~e~y as if all of the said sums o( money v~•ere originally ttlFulated _
to be pa~J on such day, anyth~ng in s~:d p*o~nissnry note or i~ this t~lortgage to the co+vrary notw~thsra~d~ngs and thereuQoa or theteaiter a1 the oplio~ of
said MaRTGAGEE, wltFo~t no~rce e~ demand, suit at la~v or in eqvity, therefore or thereaiter 6egun: may be presecuted as if atl moneys Sxured heroby
- had matuted prie~ lo its ir.s?itution. - ~
' 7. That in the eve~t that af the beginning of or at any t~me pending any sutt upoa t{~is hSortgac~e, o~ to forecloae it,~ot io reforrti it, or to enforte
payrrent o! any claims hs:eunder, said ~l.ORIGAGEE shap a~p~y to 1ho Cour1 having j~~ri;d~dion ~hereof (or tha-appoinfinen! of 3 Receiver, wch Court shall ~
• iorth~vith appo~nt a receiver of saiJ mortgaged property a'1 and s~ngv!ar, inRuJ~~g ai! ar.d singular the ~nmme, profits. issues brtd revenue~ from whatever
sourte dcrived, each and every of v~h'ch, it beiny expressly unde~stood, is hereby mortgayed as if spec;ficalty sat iorth and oescribed 1n the granting and
' I~abendum clavses fiereof, and such Receiver sha!i have a:i the broad and effectiva funcc+ons and pov.ers in any,rvise entrusted by a Cour1 to a Receiver, and
such appointme+~t shall be made by such Court as an admiited tqui:y and a mafter of assclure righl ro said Atit~RTGAGE:, ar.d w•ithout referenc9 te the j
adequac~• o+ ina~eq~acy ef tn~ va!ue the properly mort~aged or to ~Fe S~iventy or inso'tiency o( sa~d MORTGr+G~R or the defendants, and lhat such s
rents, proiits, income, issues and :ever,ues shall be apptied by suth Receiver aa~rding to the lien or equity of said MQRTGAG.E and Ihe practise of such
Court. . ~
8. To duly, promptly arx~ fully perform, d~scharge, execute, ef(ect, comp7ete, comply with and rbid~e by each and every 1he stiputaiiens, ag?eements, ~
conditions and covrnants in sa~d promissory note and th~s mortgage s~t torth. - ' -
. 9. Thal in the ever.c the a:~nership of tho mortgaged premises, or any part fhereof, becomes vested in a person ~ther fhan the MORTC'iAGOR, 1he
AIORTGAGEE, its iuccessors and assigns, may, ~vithou? n~~i~e ro the A40R7GAOR, dea~ with such suctessor or suciessor in interest with reference to this
morlgage and the d~St hereby sec~red in the sa:ne mannzr as w~th Martgagor wSthovt .in .any v+ay vitiating er d~sch~rging the Mortgagors' liatilily- here-
under or ~pon `he da6t hereby s;cured. t:o sale of the pretnises hereby morlgaged and no forVaarance on she part of the MORiGAGEi or its Suttessors
nt ass~gns and no exeensio~ of the tine fcc the payneer.; oi the debl h~reby secu~ed given by tha h?ORTGAGEE or its successors or assigns, ahall operate ~
to release, d=scha~ge, mcd~Fy rhange or affect the original liab~iity of the MGkTGAGOR herein, eithet in whole or i~ parL - i
- ' la. It is spe;:fi;atiy ~greed that time -is of ~fhe essence o( this con`racl and that no waiver of any obligatian hereunder or of th~ o~ligation se
cvted h..reby ehbT1 hi aoy time th~rebfter be h•_ld ro be a vraiver of the !erms her`of ~r of the instr~ment s=_cured he.5y.
' 1#. In rdd:t:o~ :o th~ forego:ng n+orth'y p~y~n=nts of prir.c"p31 and i.^~terest r~qu~:ed uy the prom~ssory no!e secvred herzby, mortgagor covenaifs '
and agrees to pay to mo:tg~g~~e •,ti~:F Qach m~ntnly pay~r.ent an sdd;rienat wm estin:ated by mortgagee to be equal to 1/12 ~f the annual cost of the fo!!ow- ~
~n9:
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j A-AU real ~;roperty taxes Irvied cr aese:srd agal~sl shc abuve dascri5~-d real es!ate. •
i 5-Prarry:vms on :ire ar.d .~+•indstorm insurar.ce as hcrein requ;red to be carried on ttie improv>meils situa:e on ihe above dascribed premises.
C-Prer~iums 6rY w.h mort~age guaranty Sr.wrar.ce aa mortgagee shail from~rme to t;me dcem fit to carry on ihe loan secured hereby.
; 6'ortqage^ sha',I fro^~ +~me tc fin,c not~fy nortgagor ~n ::riting cy the amoi~nf d.:~ and payab~e hereunder snd such sum shall thereupon be due and
' payable on tha due dale of the rt~xt rr:ans'~'.Y pay~+ent and each s~ccessive morth thereafter urtii mortga~ee shall n~tify martgagor of a change ir• such
r amounL Svth sumf sF:ail he zpp!ied by morryagee toxard the payment of real property faxes, insvronce prem;~ms. and mortgage guaranty insurance
i premiums. ' .
~ IT~1 \'~IiNESS V~i1ERE0~ ihe said /+1pRTGAGC~R has hertunto aet his haad and seal the ~ay and ~ r f~rst aiorew'sd.
Si ed, ted ar.d delivered ' the presence of:
~
i f1LE0 ~tiC• rEGOR0E0 ';Q~%~ 7~=~~v~~-- Seaq ~
ST. LUGi~ CQUKiY fU. ~ ~ ~ ~
~ . ' Ri:Gi ~ r O~TRAS _ 5eaq
3 _ - CL~` K~:i~ : UlT CU R • (Seaq
~ qE~(+:=..-~ YE~-.ifiCG - .
~ - _ - (Seal)
! STATE Of~ ~~w Yo, t~~ - ~Y 9 3a aH _ . . _ . _
COUNTY OF SGI. FFOt !G ~ ~ SS. '1~Lf'•:?~~
i ` e HR~~FS .T ~cfAc/1 and
~ Before me persor.a y ap~earea _ _
` ~ U'r~Y~~ S• ~~'~~w -h:s wife, to me well known and known fo me to be ~
~ the individuals descibed in and v•?w executed the foregoir.g instrument, and acknowtedged before me that they exetvted the same for the purposes
t therein expressed. _ And the said , ~vEGy~y( S. ~'a{gG/~ -
~ wife of the :aid ~K/1RCES T. ~~t6LA f'P. - ~pon a separate and privste
examinatlon ~ me tak~n separale and apart from her sa;d husbartd, acknowledged to a~d before me tnat stie. executed seid instrument ftae~y 6nd vol~n- ~
~ tari!y and w~Yhbiif_~any,cc.rnpuisian, co:straint, apprehensio~~ or fear of or irom her said husband. ns~ _
: .
~?'~}~r~ ~3hc~ an~ officiaf seal this~ day of A. D. 19 7
~ _ ~~~1 y~~- ~ _ - _
? ~e /7 " - _
l•G ~~a~.a,.~ ' !
t' ~1~~~`--- ~ r!,~ ~ - Notary Publit in and for the Stnte of NEF{s~ie at Large
~ %,ere
v: ! ~ My Ccnimissipn\ pi~es:
t `,~y~.~ ~ Ref rh T~y PETER 7. BROW(V@
, _ - 'o~flrst. ~~tral:Sav:n• 3n Assxiation -
~"t,~' ~ Notary Pubti~, St~te of New Yotii -
:f, o ~ - . pa fdt4 P;etce. I~IO. 52-45120$7 - ~ -
ti~•}~~,3~~SiZ~~af~t~'f~r~cla Qutttffted fn Suffplk C:ourtt~i _ -
`Gy~ ,~;;,n;•~~ ` ~immisston Expi~es March 30~ ~g.~ -
.s . .
~ -
~ ~ i~~~l ~ti~'~ - - - = _ -
,~,~,,,k~~ - - - = ~ao~ 240 p~~ ~~3
- .~~is Iristrument Preparec! By J. Ha2 Robt~rts~ Jr, -
First-Federal Savings & Loan Association ~
of For~ Pierce~ F7orida 33450 -
Checlced 8y ~
- ~ , r!_ S CSW
. . ~ _
. ; . - • _ -