HomeMy WebLinkAbout1754 3. To pbc+s ~nd cpntinuovtly kNp on tl» bulldinDs now a MrNhM ~itvat~ on ~~id land tnd on ~II equipm~nt ~nd p~~wMlly covK~d by th4 nwrtp~
~qs, with ~II pr~mium~ Ihsrwn p~~d in fvll, fin i~uw~nc~ in th~ usuai uandud policy fam, in •~um approwd by tM MpRTGAGEE. w?d winditorm
ins~r~nCf in ~M ~swl i~andard polrcy fan~, te ~ sum approvd by tM MORTGAGEE. M wch company o~ oa»p~?i~s u th~ MORIGAGEE m+y
direct~ u+d all fir~ ~nd winibw?m inswa~ot policies on u~Y of Nid build~~. ~~y inl~~pt tF+Hein w p~?1 1Mrwf, in IA~ pqreyaq sum ~for~said w
in ~xa~as Iherwf~ ~hall contain th~ wual ~tandud moh~aa~ clws~ or ~uci~ othK cl~vs~ u the Mortya9e~ may rpuw~, makinp ths loas unde+ uid pol~ ;
des. each and ~wry. paYabl~ w uid MORTGAGEE u its interett maY apP~~~. ~nd s+th +~d tvery tuch policy ~lull b~ p~omptly au:9ocd a~nd delivHad to ~
any held by s~id MORTCrAGEE as furthsr s~turit~r to s~id mwty~ dt~t, ~nd, not leu tlun ten (10) days in sdvance of tM expir~Ywn of each policy. to dr ~
Irve? ro~id MOR~GAGEE ~ renew~t thK~oi. fop~rhq with ~ nre~pt fw the prsmiwn of wch renswal; and ~hae ~hall be r,o f'ae o. windstam inwranc~
placed oa ~n~ of s~id Euild~npt. ~n~o~~.~st tha~in o~ put thKeof, unlsa io th~ torm and wi~h th~ lou payabl~ as aions~idr snd in tM ~wal any wm ~
of mon~y bccana pay~bN und~r w~h pollR~r.pa;pp qd MORTGAGEE shail haw dw option to roceive and appty the same on xar~nt of ths indebteci~
nets ucu?ed he.eby p w pem+it ~aid MORTGAGORS to rsuiw and us~ it p ~~y pu1 fhcreof fa other purpases, w~thoul the~eb/ waivi~~g a~mpair-
su
~~g any equity, lien a ri9ht under or by virtw of this mortyap~j aed i~ ths ~wnt ia~d MpRTGAGORS shall for ~ny ~eason fail to keep the ~aid premius so
insured, or faii a dctiver promptty My Of said poticies of iruwanc~ fo utd MORTGAGEE, or (ail promptly to pay tutly ~~y premium therota or in any ~
respect f~il b pNform, discharye, ~xecut~. ~ffact. C~mplet~. aomply with ~nd abid~ by thls coveMnt, or ~e?y put I+enof, said MORTGAGEE m~y pl~cs ~nd !
pay Fw tuch insurancf o~ ~ny part thereof withoul waivitp or ~ff~ttinp any optiw~, lien, pvity. or righf undtr or by vi?fut of thFs Morf9aqe. :nd 1M
f~11 smoun? of e+ch ~nd ~wry wch paymx?t sF~all b~ imn~di~nly dw u+d p~y~bl~ and shall beu interett from th~ dat~ thereof uotil paid ~t ths wt~ ol
nine pe~ centum per annum and together with such interest ~iull be a~cvred by tl+~ lian of this mort9sge. ~
i
1. To permit, oommit or auHer oo wast~. imp~irmeet w deteriwation of s~id property o? any part theraof. I
5. To pay alt and slnpular the cosn, cha~s and expemes, irKludinp a nasoaabfe a~tomey's fe~ and coah of absnacn of titls, lnc~n~d a paid ~t
<ny time by said MORTGAGEE, bec+uss a in tFw swnt of ths failw~ on tlw put of tM aaid MORTGAGOR ro duly, promptly ~nd fully perform. d~uharye.
axecufe, eifect. compkte, comply with and abide by each u+d every the ~tiputa~ions. aprcemenn, cond~rions, and covena~n of sa~d promiuory nore and ~hii
morrqaye any or eithsr, and sa;d costs, cMrpes and expensei, ~stM and evary, sMll b~ imrnediately due and payable: whNher a not there bs r.ot~ce ds
n,and. attempt to colkct w suN pend~ngt and tF» full amo~nt of ~ach and avery sirch payment shall bea. inte~es~ from ~he date thsreof until p~id at th~
r~~z of n~ne pe. centum per ~m,um; and aU s~id oosts, chuye~ and expenses incw~~d or paid. toge~hct with svth In)artst, shall be s~cured by tM lien of this
mortgs~. _
6. Tha~ (a) in tl+~ event of ~ny breach of this Mwtpap~ a dsf~ult on N+e part of tl+s MORTGAGOR, p(b) in tM event any of said svms of money
he*ein referrad ro bs not promptfy snd f~lly paid withtn thirry (3Q) days nsxt ~fter the ssme te.e~atty become due and payable, witl~ouf demand w notic~,
or ~c) in the evem each snd every the stipulatio~s, a~reern~nq. cond;~;a,s and covsewnn of sa~d promiuory note u~d th~s rtwrtya9a any w atha u~ no1
i~ly, prompNy and fully perfamed, d~scl»rped, execut~d, ~ffecl~d, compbted, complied with and ~bided by, then in ather or ~ny ~uch ~wnt tM said ag
gregate sum memip~ed in said p~omissory npte then remaininy unpiid. w?th interest scvued, and all moneyi secured her~bY. ~II becom~ dw and pay-
able for~hwitA, u thereaAe~, at the option of said 1NORTGAGEE, ~s f~lly and complefey ~s i( all of the said wms of money were orqi~ally st~pul~ted
fo be paid on s~ch day. ~nythinp Jn said p~omiuory npM or in this Mort~ege to the contrary rwtwitAstandinp; snd therevpon p lhereaftK at the opfion of
se~d MORTGAGEE, without naicy or dem~nd, s~;t ~t I~w or ie puity, therefon a thereahsr beyun, en~y be prosecuted ss if all aaneys secvred hereby '
had mstured prWr to ib institution.
7. That in the event thal ~t tf~e beginniny of or ~t uiy tuew pend'xg sny auit opoe this Mortgeg~, or ro foreclos~ it, or to reform tf, or to enfo~cs
~aYment of any claims here~nder, s~;d µpRTGAGEE ~all ~pply to tMe Coun having jw~sdk~ion thereof for tM appoint~r~ent of ~ Raceiver, wch Court shall
For~hwith appoim a receive~ of said mortyaged pop~rry all and ~irgular, tncluding all snd iingvlsr flyr i~come, profits, iswes and revenws irom whafeve~
ae~rce derived, each ancl every of which, d beinp sap~essly w~derstood, is I+ercby mortgaged as if spsciiicplly, set forth and dewibed in the 9r~ntinp and
habendum clauscs I+ereof, and stich Receivar shall Mw all the btwd and effective function~ and powers in apywite cntrut~ by a CovA t9 ~ Receiver, and
:~ch appointmeM shall be made by ~uth Court q ~n dmined eqvily and ~ rtytter of absolute right to said MORIGAG~ and without nfertncs to tl»
adequaty or in~deqwcy oi the vslue of the property mo~tq~ed or to the iWvei+cy or insolvency of s~id MORTGAGOR or the defendants, and that such
renfs, profits, income, iuues srrd r~venues ahap b~ app~ied by wth Receiver accwdinp to the lien or equity of said MORTCsAGEE ~nd the practice of such
Court.
8. To d~lY, promptly and fully perform, dixhar~, exetute, effecl, complete, comply with and ~bide by ~ych and eve~y the sY~pulatans, agrcements.
condita~s and covcnann in said promissory note and this morty~e aet forth. '
9. That in tha event the ownership of ths mo?tgaqed prcm;ses, or ~riy part thereof, becomes vested in a perwn other fhan tM MORTGAGOR, tM
M.ORTGAGEE, ita successors and auiyro, may, without notrce to the MORTGAOR, deal with such successor or successor i~ imerest wi~h tafctence fo this
mortgage and the debl hereby sctured in tAe same manner as with Mortgagor withouf in any way vitiating p distharging the Mortgagws• liability herr
~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged snd no fabea~snce on the puf of t}~e MORTGAGEE or iri ~utcesson
or assigns and no extension of the time for the paymenl of the debt hereby securrd yiven by Ihe MORTGAGEE or in iuccesso?s or asaigns, aMll operatt ~
io retease, distharge, modify chsrge or affect ths origin~l liability of ths MORTGAGOR herein, either in wlab or !n p~rt.
10. tt is spec~fically agreed that time is oi ths essencs of this tontract ~nd that no wsiver oi any obligation her~under or of the obligition se-
cured hereby shall at any time thereafter be held to be a wsiver of tfie terms hereaf w of the insnumenl secwed herby,
11_ In addition to the faego:ng monthly psyments of print'pal and interest required 6y the promissory npte secured hereby, rtwrtgsgor mvenanb
~~,d agrees to pay to mortgagee with each moRthty paymem an addirion~l sum estimated by mortgagee to be equal to 1/12 of the ar?nwl co~t of the follow- - +
~n~:
A-AN real property taxes levied a assessed against the sbove described real estate.
B-Premiums on fire and windstorm insurance as herein required to be carried on the improveme~ts sitwte on the ~bove desvibed prert?ises.
C-Premiums on such matgage gvaranty insurance as mortgagee shafl from time ro time deem fit to rsrry on the loan secvred hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and psyabk hereunder end such svm shall thereupon be due and
r.,yable on the dve date of the next monthly payment and each successive month thereafter until mortgagee sha11 notify mortgagor of a chanye in tuch
a"ovnt. Such sums shati be appiied by mortgagee toward the payment of real property taxes, irou~ance prem:ums, and mortgspe gusrinfy insurence
p'emiurtK. ~ - i
IN WITNESS WHEREOf, the said MORTGAGOR Fw hereumo set his h~nd and se~l the day snd r ~ f afwesaid.
. Sea and ' ered ' fhs pr
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SiF.TE Of e[4amoc Pennsylvania •
L. v z~ R n~~
couNTY OF
sefo.e me pe.w~auy ,~.,,ea - Ravmond J. Bartow
Ruth W Bat'tnvr his wife, to me well known and known to me to bs
the ~ndrvidwb desuibed in and nrho executed the foreyoinp intlrum~nf, and adcrqwled~ed before ms that ihey executed the sartq fw the purposes
therein ~..,,~a,,. ~„d Ruth W. Bartow
,v~fe of, Mi ssid ~ J. BdLtOW
exam~+lst;on.~y. .'ibF
~~el~ _sep~r~ynd span from her s~id Mnband. ~P~ a separste and priwts ~
rar~1Y, ipl~.w -~n oonstraint, s ro a~ ^1° that she execvted said instrument htely and volwr
."!?~i?? . Y~'P~?lsio!ir vw~ 3,~~•ar of or from he. s~id husb.nd.
-M~4iNESS~my~ .~i~id.~rid.official sed thi~ ~ d~y of Y ~ A. 0. 19522-
:
_ - • . ~
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. ~i r . - ; } ~ry Public in for the State o#~,I.~ala ~ ~
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; . _ ~ ~n?~ ~ , y (:ommiuao ' es: Pe~n y~`~n i a
- . - ~~rfs 1. o~?~~uEr. ~e~?~n P~~
Frt~lt,'Fa~la?:1= S+yirip~ ~ •Losn Aa~oc;,tion .
` ~~~ort P~erce. ~11!xES-~AME. IYI:R`~E ~4d~i1
Fon P1ef~, F,a;~, FIlEO AND RECOROED ~ ~~~,.~issUM ExP~I~ES fE6R`~A1t~ 1~.
• ST. LUCIE COUN7Y. FL.A. ~/~3~r~ ~
RECORD VERfFIED
. '6~ AUG ~ SPM~~~25 .
RO~CR 'OITR~S ~
CLERK ClRCUIT COURt ~
f. 0R ~j ~ r !
800t(~S / PA6f~~ ~ ~J~
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