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HomeMy WebLinkAbout0397 # ~ ~ 3. To place and continueusly keep on the buiidings now or hereafter sit~~ale on said land and en all equ~pment and personally tovered by this mor~g• ~ aua_ with all premiun~ ihereon paid in full, fire insurance in the usuat standsrd poticy form, in a sum approved by the MORit~AGEE, a~d winJstorm tnsutence in tha u~ual s~anda~d pol;cy #orm, in a sum approveu ~y ~~~a ; _~c`e ; . __~~e• a? ~he MOATGAGEE may i direU; and ail iire and vr;n:lstorm insurance pof~ciea en any of said build~ngs, any interest therein or paH thereof~in ihe aggregata sum a(orotaid or ? In extess thereof, •hall contain the usuai standard mortgagee clavse or such other clause as the Mortgagee may requ~ra, making the ioss under said poli• i des, rach and every, payab~e to said h10RTGAGEE as its inter~s~ may appe~r, and each and every such policy shall be promptly au:gned and delive~ed to ~ eny held by said h50RTGAGEE as further security to said mortgage debt, ond, noi less than ten (10) i~ays in advance of 1hc expiretion o( tath policy, to da- live~ to seid A10RTGAGEE a ~enewal thereof, togelhe~ ~vith a reteipt ior the premium of such teneival; and there shall be no fire or windsto~m inwrante plbted on any of said buildings, any intzrest Iherein or parl Ihe:eof, unless in the form'and with the loss payab!e as aforesaid; and in ~he event any sum i of monty becomes payable ur.der such policy or polfcies said MORTGAGEE shall have the option to receive and apply !he same on accounl o~ the indebted• $ nesf aeturad hereuy or to permit said IAORTGAGORS to receive and use it or any part thereof lor other purposes, without thercb~ waivi~i3 or unpair• ing any equity, lien or right under or by virfue of Ihis mor:gage; and in the event said ASpR~GAGORS shall for any reason faii to keep the said prertiise~ so ; insured, or iail to detiver promptly any of said policies o( insurance to said h10RTGAGFE, or fail prampfly to pay ~ully any premium therefor o~ in any tefpect fail to perform, d~scharge, execule, effect, compteta, comply with and aLide by this covenant, or any ~art hereoi, said h10RTGAGEE may place and ~ pay for such insurance or any part thereof without ~vatv~ng or affectiny any option, lien, equ~ty, or right under or by virlue of this h5ortgage, and ~he j full amount of each and every ~uch payment shall be immediately due and payable and shall 6ear interest f~om Ihe date thereof until paid a1 the rate of } nine per centum per ann~m and together with such interest shall be secured by the lien of this mortgage. - 1 4. To permit, commit or suffer no wasle, impairment or deterioration ot said property or a~y parl thereof. ~ 5. To pay all and singular the.costs, charges and expenses, incl~ding a reasonabte at~orney's fee and costs of abatracts of title, incurred or paid at ~ any time by said A10RTGAGEE, because o~ 7n the even! of the failure on the part of the said MORTGAGOR to duty, promptly and fully perforrti, d~scharge, ~ execute, effect, complete, comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and ~his mortgage any or either, and sald cosrs, charges and experxes, each and every, shall be immediately due and payable; whether or not there be notice da [ mand, attempl to collett or suit pe~ding; and the full amount of each and every such payment ;hall bea. interest from ihe date thereof until paid at the ( rate o( nine ~er centum per annum; tnd all said costs, charges and expenses incurred or paid, together ~vi~h such interest, shai( be secured by the lien of thii rrortp_ge. A. That (a) in the event of arty breach of this hlortgage or default on th~ part of the MORTGAGOR, or {b) in the event any oF Said sums of money herein referred to be ~ot prompuy and fully paid ~vithin thirty (30) days nexl after the same severally become due and payab!e, ~vithou~ demand or notice, ~ or (c) in the even~ each and e~'ery the stipufations, agreement:, conditions and covenants of sa~d promissory nofe and fh~s mortgage nny or either are nof i ~uly, promptly and fully performed, d~scharged, executed, eifected, completed, compl;ed with and ab~ded 5y, Ihen in either or any such event the said ag• ~ gregale s~m mentioned in said promissory note then remaining unpaid, with interest accrued, and all money~s srcured hereby, shatl become due and pay- ( a6te forthwirh, or thereafter, ar the option of sa+d MORIGAGEE, as fu)ly and comple~ely as it all of ~I,e said sums oi money were originally st~pulated i to be paid on such day, anything in said promissory note or in this Mortgage fo the conVary notwithstanding; and thereupon or therea(ter at the option of snid MORTGAGEE, without not~ce or demand, suil at law or in equity, therefore or thereafte~ begun, may be prosecuted as if all moneys tec~~ed hereby ~ i~ad mawred pr,or ro its institution. i 7. Tha1 in the event that at thz beginning of or at any time pending any suit upon this Mortgage, or to foretlose it, or to reform it, o? to entcrte ~ payment of any claims hereunder, said MORTGAGEE shall apply to the Ceur1 having j~risdiction thereof for the appo~ntment of a Reteiver, such Court shall ~ fortfiwith appoint a reteiver of said mortgaged property a!! and singular, includ~ng all and singular the income, profils, issues and revenues from whatever source de~ived, each and every of which, it being expressly understood, is nereby morigaycd as ii sp~c~titaily sei f~rsh a~c', d~;c:s~^d in t!:a gr~r,!ing 4 ha~endum clavses hereof, and such Receiver shall have all the broad and effec~ive funct~ons and powers in any~vise entrusted by a Cou+t to a Receiver, and ~ wch appointme~if shal! b: made by such Covrl as an admitted equity and a matter ot absofute right to said MORTGAGEE, and withoul reference to the i edequaty or inadequacy of the value of Ihe property mortgaged or to the soivency or insolventy ol said MORTGAGOR or the defendants, and that such i rems, profits, income, issues and revenues shail be applied by such Receiver accord:ng to the Ilen or equity of said MORTGAGfE and the prattice of such ~ Court, j 8. To duly, promptly and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, 1 conditions and covenants in said promissory nofe and Ihis mortgage set forth. ~ 5 9. That in the event the ownersF~ip of the mortgaged premises, or any part thereo/, becomes vested in a person other than the 1~10RTGAGOR, the ; h10RTGAGEE, its successors and assigns, may, withoul no~ice to the h10RTGAOR, deal with such successor or successor in interest with reference to this ' ? mortgage and the debt hereby secured in the same manner as with l.lortgagor without in any way vitiating or d~scharging the l.lortgagors' liability here- ~ under or upon the debt hereby secured. No saie oi ii~e premisee hereby mo~tgaged and r.o forhrarance on Jhe pa;t of th~ IAORTGAG~F er iti svccessors ~ t or assigns an no extenzion of the time for the payment of the c3ebi hereby secured given by the MORTGAGEE or its suc<essors or ass:gns, ahall operate to release, discharge, modify change o~ aFfect the original liao~l~ty of the M~ORTGAGOR herein, either in viRole or in parl. 10. It is spetifically agreed that time is of the essence of this contracl and that no waiver of any obHgation hereunder ot of the obligation se- n:rad hereby shaU at any time thereafter ba held ro be a v~aiver of thc terms hereo( or of Ihe inst~umero secured he~by. 11. In add~tio~ to the forego:ng monthty paym~nts ef princ'ppl ar.d interest requ~red by the prom~ssc•ry no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~iional sum estimated by mortg~gee to be equal to 1/12 of the annuat cost of the fo(iow- ing: n-nr~ rrae NrvNc.~y ~owca ;,y_:^._. _ a~+ .:~,n.~ rnal t~cfafn B-Premiums on iire and ~vindstorm insurance as herein requ~red to be carried on the improvements situate on tha above d:scribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shafl from r.me to t~me deem fit to carry on the loan secured hereby. ` hlortgagec shall from time to time notify mortgagor in writ~ng of 1Fe amount due and payabte he~eunder and such sum shail fhereupon be due and payable on the due datz of the n~xt monthly payment and each successive month thereafter until mortgagee shall notify inortgagor of a change in such amount. Such s~ms shall be applied by mortgagee tovlard the payment of real property tazes, insurance prem;ums, and mortgage guaraniy insurance premjums. IN WtTNESS VYHEREOF, the said MORTGAGOR has hereuntp sefi nis i~anJ enu seal ihe day ;rd y<-a; fir,9 a',cr~,;;,;d. ~ bigned, Se }ed a d li ed 'n he rexence of: ~ { ~ (Seal) ( i~ tn s a~. arela cs-si~ Witnes s cs~a~~ ~ cs2si) STATE OF~j~,x New Jersey Burlin ton ~ u~ COUNTY OF _ Beforo me personaNy appeared zC~B F C are ls , 8 Widow 4~ xi~sX~{~ to me well knov~n and known ta me to be the individu~ described in and ~ho executed the foregoing insfrument, and acknowledged before me that tFle~ ~xecuted the same for the purpose~ Iherein exprossed. ~X ~ ~t i ~4i+J474~4R~i~C44~ClaRK~L ; ]44C'pL?4~C+x.~RYL4C4~~4€~B2[~C~.a4Q@DCJ~~X~KTiD~?Q4~.G~~C7~4Q~~aPXafi3t4@~Q447~C ]4~C??4~Ae~Rel~.~#]Q/X?JN1CrA[~X~C44hC J41~?44I~lC J44Rl4~]~~XR4ta4~l47F4[~R~d~lG~~ ~ X94JC9C~~4Ch4~4;~4C7ia3f~+Rs~4CX i WITNESS my hand and official seal this day of ~~'~i~~ . , ~ 51~~;~ ; ; _ , . i FILED AN~ RECORDED ~ ' Notar Public in and for th St e of ~e~gg `-~t ` O~' __Q~s,~ O O K My mmission expires: 3~~{~`g - s Return Yo: Fir t ~ ` ~ . ~ s F~deral Savings ~ loan Assxiation _~~~~`-~t'Oc.~G~ NOTARY PUnLlC~3F~~3E1r1,1tRSEY'~ - t O( Fort P~erce. ' ' • ; Fort Pierce, Florida ~~~s J~~! ~ ~ ~ S ~y ~mm{SS10~ ~Xaj«g ~~:.4v;~ ' . { ~ ~ . • ; ~ . _1~~1.'~'~i;~ - _ . F~UCc,. f~~. i i=;:,:.. Gi..::f3K :.i • _ ~i. LUCiL GOiJ~Ji'f, " _ FLOt~ID~ , • : _ . • : ? . r ~ . ~ I . •~1,•~ ' ~ ~ ~ ~'~~~~~~<<:3i~~;?~~''~~~ r BOOK~.35 397 - ~ ~ . . - - - ~,o'"