HomeMy WebLinkAbout1025 3. To p!ace and conrinuousiy keep on !he C:rci:c.^,s r..~.v or i e•e~hrr ~ ~.,,!e cn sa d!an~ ar.d c~ s,: cq~ip~cent end personally coveied by this mortg~
ege, w:rh all premi~ms ~hereon pa d ~n fu',I, f:re ins.~.~ ~!;z . s~a'~ sf!~",~!'J i'~' ',~i for~n, ~n a s~m approved by th~ MJK:i,avEE, and wiodatorm
ins~rence in the usual s!endard No:.cy fo•m, in a su ~r,-•u.~eJ u; the M'~~TGAGt~, in wch cc~~oa:~y or co~npa~i;~s as the ti10RTGAGEE may
diret~; a~d ali fire and winds~orm ~nsurance po'.~c,~ s en a~~y of s.~~d b~~.d ngs, any inrerest +he•ein er `art thereof, in tha aggrega~e w~n etoresa~d o+
In excrsa ~he~eof, ~hall ;ontain the usua! standard mc~~,;+_~e: cl:~.,se cr a~.ch other c~s~se as the Mortga aee ~»ay re:~v:~e, mak~ng ~hr ~css v~7der aa d poli-
cie~, each and e~erY. Payob'e to sa~d ,titORTG.4GEE as ,~s ~r~ sr rn,y a;:pcar, a~~d each ard evc~y s.~ch F~ .c+ sh,',I be {~ron:Nr.y d55 [~'~~ed a~~d dc,~vered ~u
eny held by sa~d MORIGAGEE as furiher secur'ty to sa;d ~~ort,~.~~ ci~~t, and, not :ess rS~an ren (:0~ cis,s .~d.a~,:e of ~he ex;:~~~tlo+~ of each po!~cy, to de-
liver to said MORTGP.GEE a renewai thereof, together w~+io a rece,~i tor th~ pien~um of such rene,.r; a;;d ih~re sha',1 b~ r.o f~re or w~:~ds~o~~n insuiance
pleced on any of said build~ngs, any interest there,n or pa~i }~:_~~tuf, v,'ess ;n the tonn ard +.~th t}~e loss payabl~~ ~s afores:iid; ar.d in th= e~en! any sum
of money becomes payabte under s~ch po!icy or poi~c~es sald h",OR1G :vEE s6ail have ihe opt~on tu rec~~:r =~*d op::~y ti~e san~r on eccovn~ o! the indcbt~•d-
nefs secured hzreby or to perm~t ~a~d MORTGAGORS to r-~c~•~ae a~~d ~se it or ;n~ n, rt th ~~cf io• ocn..r cur;~osrs. .:.!i,_~:r th n, .ti . r rn, .•~r-
ing any equiry, lien or right under or by v~rtue of this mcr~gag~~; and ~n the event sa d MC41(~AGOkS sh.~il for ~ny reison fail ro k~~ep th~ sa~d prem~s~~s so
inavred, or fail to deliver promptly any of said poGc~es of ins~rance to said P.10RTGAGEE, er t~~. prc:r,p!iy to pay fu:ly any pre n~.:n thercfur or in a~~y
respect fail to perform, d~scharge, execure, eEfect, con+plere, co nply w~rh and ab~de by th:s covenan~, or any parr h::reof, sa~d ~r~OkTG:.GEE may p~ao~ a~,ci
pay fur such in~~rance or any pari thereof w~thout waiving or affeUing any option, iien, equity, or rlyht ur.der or by virtue of ~h~s htortgaye, and the
fui) amount of each and every s~ch payment shall be in~~~r,ediately due ar.d payab!e and shall bear interest from the date ihe:r~~of until p~id at the rate o1
nine per cern~m per annum and !o~rtL~r ~tii~h suci~ in?eresr s1~ah br s~~cwrd by the lien of th~s mortgage.
4. To permit, commit or suffer no waste, impairment or dct~~r;oration of sa~d prop:vry or any part the~rof.
5. 7o pay all and singular the tosts, charg~~s aed ex~.enses, inciuding a reasonab!e a!rom~ :'s fee and cests of abst~acts of tit!e, incurred or paid at
eny ti'r.z by saicl MORTGAGEE, because or in the event ot the fai!ure on tne pan of the sa~d f~1•~RTGAGCR to duly, pro~nptty and fully perfO~~n, d~schaige
execute, effed, complete, comply w~th and ab de by e.~ch and every the s~~pula~~ons, agr~~en,er.rs, cond~~~ens: and covenants or sa~d p~om~ssory note and ~hls
mortgage any or e~ther, and sald tosss, charges and exrenses, eacl~ and every, ehall be imrnrd~::t~ly du~~ and payab:e; whether or not thcre be ao~ice da
mand, attempt to co~iect or wi1 pend~ng; and the full a~no~nt of each ar.d every svch (Jdynl~ilt sh,,l~ i;_a~ interest from ~ha date thereof until paid at ti~e
rate cf nine per cenrurri per annu:~~; an;; ail said cusrs, c~,srges a,•d ~x;:eeses irturred or paid, togethar w•th such interest, shali be secured by the lien of ihis
morfgage.
b. That (a) in the event of any breach of this Mortgage or de'3ult on rh= part of the MOFTGAGJR, or ;b) in the event any ef sa'd sums of money
herein referred to be not pro~np?Iy ard iu!ly pald v:irt~in th.r~y ~,3J1 da;s ne,ci a'~~:r thc s:+~~e se.era':; t~eco•ne due and payable, w~tho~t dernar.d or noKte,
or (C) in the event each and every the stipu'~ations, aareemen?s, ce^d '~o :s ar.;,+ covenan!s of sa d pro~r;;sscry rota and th:s n,ortgagz any or either are nol
july, promptly and fully ~erformed, d.scharged, exec~tad, effec~ed co~np!eted, compl~ed wiin and ab~drd Sy, then in e:ther or any wch evem the sa~d ag
gregate sum mentio~~ed in sa~d prcm~ssory note then re~T~ain~ng ~n~:~~ci, N;th ir.!ere;t ac:rued, and mene~s secured he~eoy, shall become due and pay
ebie fouhwirh, or thereafter, at the ept~on of sa~d h10RTGAGEE, as ful:y ar.d comp:erely as ~t a l of t!:a sa;d sums of money ware ongmally 5!~pulated
to be pr~d on such dsy, anything in sa,d pron,;ssory r.ote or ir, thls ".lxtgag~ tu ihe contrn~y m~tr.lth3tand~ng; and ther~upon or therea~te~ at ihe opt~on of
•eid MORTGAGEE, w;thovt nerice or demard, su~! at ;aw or in eq~~;y, rhercfore or ihercafier bcryun, may be prosecured as if all moneys secured hereby
had marured pnar to its inst~tution.
7. That in the event ihat at the beginnlny of or at any tin,e p~nd~ng any s~:t ~pen th~; A:,o~tyage, er to foredose it, or to reform it, or to enforce
peymen! of any cialms he~e~ndcr, sa~d 1'~40RTGi+GEE sha'I ap;:;y ic fh~• Ccuri ha~~ng ~~r~sd,c~.on thr~o' fcr ~he appo~nt~nent of a Rere~ver, such Court shaii
forthwith appoint a receiver of sai~ mortga9ed prepertr all ard s~rn~u.ar, inciud rg a;i ~nd s r.a.:'ar tre i^.ceme, prof~ts, issues and revenues from whatever
source derived, each and every of wh,ch, it bcing expr.ss y unders!ood, i5 he~_~:.•; mw~-~ 3:~ d ~s if sF:_c f~caliy set forth and described in the granting and
habendum clauses hereof, and such Receiver shali have all th._ brezd and effecr~ve t~r;r o s~r~d ~,o..ers in anyK•ise emrus'ed by a Court to a Rec~iver, a~~d
such appointment shali b~~ made by such Court as ar. ad^.ittcd equity ar.d a matrer cf abso ute r:gkt to sa~d N~OQTGAGEE, a^.d v.~thcut reference to the
adequacy or inadeyua,y of the value of tnz prope~ty m.e~rq ~g~d or to t'rie se vency er ~~.~o.:ency of said MORiGAGOR er the defendants, and that such
rents, prof~ts, inco-ne, issves and revenues sha~V be app!!ed ty such Rece~ver ac:ord.cg ?o the ~~en cr eq~iry oi sa:d h10RTGAGEE and the practice of such
Court.
8. Ta duly, prompt':y and fuiiy perferrn, dischr.rge, execote, effect, con?'ete, ccrnp~Y v.lth ar.d abide by each and every the stipulations, agreements,
conditions and covenants ir sa~d promissory nore and th':s mort3age srt forth.
9. That in the event rhe owr.ership oi th~~ rr~crtgaged pren,:ses, or any p3rt !herecr, cecomes v~e'ed in a person other than the MORTGQ.GC~Q, the
N,ORTGAGEE, its suctessors ar,d ass~gns; n,3y, ~vitho~t not!ce to t~~- CRTvF~OR, dea! vv~'h s~ch s.;ccassor o! wccessor in interest ~v~th refererce to this
mortgage and the debt hereby secvred in fhe same manr.~•r as wi~h :',o~fgago~ w~thout in an{ way v~t!s~ir.g or d~SCha!g~ng !he '.1,^,rtgagor5' liabi:ity hare-
undec or upon the debt hereo~ se.ured. No sa''e oi ti,e F~rer!s~~s he;rb~ rrortgaged ard ~o fo~bearan~e on the part of the 1,10RTGAv~E er i!s s~ccessors
or assigns and no extens~on of the t;~~r for ihe paym.enr oi the d~br h~-~~ by secvred g~~en by tre t.',ORT(;AGEE or ;ts s~uessors or ass.gns, ,f'~ail operate
to telease, d~:chzrge, modffy charae cr affect the cr~gmol liao.~.ty of tne !AOR?GAGOR }~ere~n, e~tt,er ~n who!e or in part.
10. It is spec~fically agreed that time is of the essence of th~s con'ract ar,d that no wziver of any obl;gat:on her.u~der or cf the obligation se-
e~red hareby ahell er er.y tim.c rheieafter be f::rld to be a v:a;.~~r uf !!~e terr,u here::f or of the instrument se.ure~ herby.
11. In ~ddtlon to the fcrego~~~ ~renth'~ p~~rr~n!s r,f , i.,,~ cd reau,~..~ by , ~•c~rsscr~ no'~ s;:~'~d h~r_~b, mortg3gor Co~enanis
dr~Cj d~!~t5 t0 rd'y' t0 rt~'t~3:j^_ Y.~?Fl Cdrr~ i'•.~,7'~~'~ ~..1, t~.. a~ ~,.~~1~ 5~.~..•,5. . u_.. t_f '•C.'~..~•,:' t0 t,.~ c'.j,.J! t0 1 i2 Oi t~~l~, d^~1'~~31 C05! O{ tfl.~ {O;~~Ow'
iny:
A-A!i rcal pre:erty tsxes levl_~ cr assess~_i sr ....:.~:-c d•~sc~i~._d es•,re.
B-Prarn:u:,;s on fire and ~.vin~s~orm insur,~ce i,er.,'r, ..,q. reJ to Lo c~r~~„d c~, the 'm;.,~.,_..,,~ ~ts :~rus'~ on t,-.z above d_scriLed premises.
C-Pre:n:~n s on s~ch r,:ertg~ge g~ar;n'y ~esur:3- :c .:s r,~~~tg~;ae si~,3'i frc ~ r~,•c to d_.ern f~! tu carry en the loan scc~red hereb~.
'l.o~tgagee s'~._ I~rcn i! to ~ e r_ ;fy ~,~~a er ~Fe , o : rd F, ;at,'e he eunc'..rr a d s s. sh,, l ti,e~ ~ron ce d~^ a-•d
F>ya~le on ,h_ d.~e..o~+e oi iF~. n~xt n,e~~h... _ ~~.~i, e~ch, s~cc~,ss~~.e _ h t~:~~.e~~..~~...~r u: rncrig3~ee sho'! rot~`iy .~r+g,go! of`a chan~e in s~..~cn
a~~ount. S~ch surc:s s~a.~ be app, ~ed by m.orr~a_ e ro:.3-d ~i e E:_~ ~.nt of re;.en, taxes, ms~~r,-ce rrem,u~rs, a~c! mcrtga~c guaranty insurar,ce
premi~ms.
IN \'JITNESS :YHEREUF, the sald h'.ORTGAG~R h~s I- ~r;~?o ser n's h~rd and sr~~ the day and year first a`caesald.
S~gned, Se led and delivered in th p ser.te of: ^
l / fr ~ f-~ ~~"-Y ..._(Sea~)
~y g ~~&21-~ " @T'~ t5eal)
-W-- _ -t` /1_'~,yyz_-->>.l2 . ._li.s _lSeal)
rti~~ l.~I1 e 3 S _ x-l-1'~L i'.IC1CC1 Q~`~-. V' 81' 8 . _ _(Se a i)
$TATE OF ~mx. PENNSYLVANIA ~
i+ t SS.
COUNTY Of UL1Z6I°ne I
Befcre me personally appeared st'8311e~-`T . EV 8re~t'- - and
L RIiY119. M. L`~V82'8 tit _ his wife, tc me we!I known and knov~n te me to be
the individvais cescribed in and who =xec~tcd th~ foregoi;:g instrument, and acknow~edged 'oefore me that they executed the seme for the purposes
lherein expressed. And tne said________-__-- ~ ~ F'' V~~~ --~-==T~
wife of the said S~~ey ~-Fi'..~~'.~_~_ b~:r`s~pA~a1e'pnd private
examfnat~on by me la~en separate and apart fro~7 her sa~d husband, acknowledged to and before me that she exewted said yMh,ytAlerff~ ft9ely ond val~n•
~ . i _ .
la~ily and w~tho~t any comp~lsion, co~straint, apprzhens:on, or fear of or from her said husband.
N/ITNESS my hand and off;c;a! s?ai this_ _l~~_____ _ da~ ~f~_- Decemb~r ~ a ti. Ts_~i
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~ No!ary Pub!ic in and for e Sta, ~'0~',~10~`Ff1a°-~C~Brge
A1y Comm;ssion g~p+~4~;.MiJ510I'~ ~t'~~~,' . . .
Return So: w~~ ~ ~
F~rst Federal Savings 8 Coan Assoclat:on ~ ~~RCj ~UitiDAY 1~~~t ~
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of ~o~r F~j ~~Jf~~ f~E~RDED
Fort •P;erce, Ficr~d3 - ~ ~ " ' ' { ~ ~ ! f'~ ~Q'~ t~~
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