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Home My WebLink About1278 J. To plac~ ~nd conti~uousty ke~p on ths build~ngs now o~ he~e~f~e? ~~tuete on sa~d land and on all equipment and penon~Iiy cover~d by this monQ~ ~g~, wilh al) pemivrtls theroon pa~d in full, fire insur~nce in the ususl standard poticy (orm, ~n ~ sum approved by tM MORTGAGEE, and windllorm insurant~ in IM usus) uandard pol~cy tam, ie? s ium approved by ~he MORTGAGEE; i~ s~cA company or companies es tF+~ MORTGAGEE may d'uectt ~nd •11 fin and w~ndsto~m ins~~ance po~icies a? any of isid build~ngs, ~ny intere~t therein or psrt ~hereoi, in tM s99regate i~m afaesaid a In ~zteu thereof, tMll contain the usual ~tandard mortgagae clause w such other tlsuse ai 1M Mwtg~gee may rcquin, m~kinp the loss undc+ fa~d po~i~ tis~, e+ch and fVNy, p~yabl~ to said MORTGAGEE as its intereit may eppea?, ~nd eacA and evay avch policy shall be promp~ly ~u.gned and delivered to any held by iaid MORTGAGEE ~s further ucurity to sa~d mortgsge debt, and, not leu 1M~ ten (10) days in advance of tl+e expirstion of each policy, to da IivN to i+id MORTGAGfE a rer~ew~l thereof, ~oge~hsr witA a receipt (w the premium of such renrwal; and there ihall be ra firs w wi~dstam in~vrance plactd on ~ny of i~id buildi~gs, ~ny intereil therein o~ part thereof, unless in iM forrti ~nd with ths loss payable as afores+id; ~nd in the event any ium of mon~y becomes p+yable under iuch policy or policie~ wid MORTGAGEE shall luw the option to receive and appty tM s+me on +ccounl ol the indebted~ Mu secvr~d hereby w to permit uid MORTGAGORS to rcceive and u~e il w any part thereoi 1or othcr purposes, without thereb/ waivi~~g w~mpair- i++9 ~ny puity, lien p right unde? w by virtw of this morsgage; ~nd in the eve~t said MORTGAGORS shsll for a~y resson fail to keep the said premisrs so insu~cd, or fail ro deliver promptly sny of said policies o/ i~sunnca to s~id MORTGAGEE, a fail promptly to pay fully any premium therefor or in any rsipect fail to pe~form, discharge, execvte, eifect, complete, comply wi~h and abide by th7s covenant, a any part hereof, said MORTGAGEE may place a~d pay fo~ tvch inwrance w ~ny pah thereof without walvin~ or ~ffectinp any option, lien, equity, or right under w by virtw of thii Mor~g~e, ~~d ths full amount of each ~~d every such payment shall be immed'utely dw aod payable and ihall bear interest from ths date thereof until paid a1 tM rate o1 nins per centum pe~ annum and to~ethe~ with suth intere~l shall be secured by the lien of this mortgsge. 1. To permit, tommit or suffer no waste, impairment or deterioration of said property o~ ~ny part thereof. , S, To pay all and singular the.cost~, charges ~nd expenses, ~ncluding a reasonabte attaney i fe~ snd costs of abstracts of title, incurred or paid at ~ny time by said MORTGAGEE, because w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~tam, d~uharge, execute, etfect, comptete, comply w~th and ~b+dc by esch and every the st~pula~~ons, agrcements, conditions, and covenants of said promissory eate and thi~ mwtgage any o? e~~her, and uid msts, charges and expenses, esch and evHy, shall be immediately due and payable; whethe~ p not there be notice d~ mand, attempt :o colkct or i~it pending; ~nd the full amount of each and every s~ch psyment shall bea? interes~ from the date thereof until psid at the rate of nine per centum per an„um; and all said co:ts, charges and expenses incurred w paid, together with such interest, shall be secured by the lie~ of tha mortp+pe. b. That (a) in the eve~t of a~y brcach of this Mortgage w default on the pa~t of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand u ~otice, or in the event each and e.ery the slipvlations, agreements, conditions and tovenants of sa~d p~on+iswry note and th~s mortga~e ~ny a either are ~01 ~uly, promptly and fully perfwmed, dfuharged, executed, effected, completed, compl~ed with and abided `ay, then in either or any such event tFa said ag preqate wm mentaned in said promissory note then remaining unpaid, with intere3t acuued, and all moneys setured hcreby, shall become dw and pay- able fathwith, w therealter, at the option of said MORTGAGEE, as fully and comptetely as ii all of the ssid sums of money were aigin~lly lt~pulated to be patd on such day, anythirg in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of uid MORTGAGEE, without notice a demand, suit at law or io equity, tlxrefore or thereafter begun, may be prosecWed as if all moreeys secured hereby had matured pnw to ~n instiw~an. 7. That in the event that at the beginning of or at any time pending aoy suit upon this Mortgage, w to fweclose it, a to refwm it, o? to enfwce payment of any claims hereunder, uid MORTGAGEE shall apply to the Court having jurisd~ction ~hereof fw the appo~ntment of a Receiver, such Coun shall fortFiwith sppoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issves and revenues from whatever tource derived, each and evcry of wh~ch, it being expressty understood, is hereby mor?gagcd as if apec~fic~lty xt fwth and deuribed in the granting and habe~dum clsuses lxreof, and such Receiver shall have all the broad and effec~ive fund~ons and powers in anyWise entrusted by s Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without ~eference to the •dequaty oi insdequaty of the value of the property mortgaged or to the sonrenty or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be apptied by such Receiver accwd~n9 to the lien or equity of said MORTGAGEE and the practice of such Cou~f. 8. To duly, promptly and fully perform, d~xharge, execute, effect, complete, comply with snd abide by each and every the stipulations, agrcements, conditqns and covenants :n said promissory note and this mortgage set fwth. 9. That in the event the owne~ship of the mortgaged premises, or any pan tFxreof, becomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its succe:sas and assgns, may, without notice to ~he MORTGAOR, deal w~th such successw or successa in interest wi?h refercnce to this mortgage and the debt he.eby sccured in the same manner as with Mortgagor without in a~y way vitiating a diuharging the Mortgagors' liabil~ty herr under w upon the debt hereby sxured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or assgro and no eztension of the time for the payment of the debt hereby secu~ed 9iven by the MORTGAGEE or its successors or assigns, ahall operate to release, d~uharge, modify change w affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is speNfically agreed that time is of the esxnce of this contract and that no waiver of any obligat~on hereunder or of the obligation st a.red here~y shall at sny fime therea(te~ be held to be a weiver of the terma hereof p of the instrument secured herby. I1. In add~tion to the fwego:~g monthly payments of prinCp;l and interest requ~red by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windsto~m insurance as herein requ~red to be carried o~ the improvemeits situate o~ the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. j Mortgagee shaN from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shalt thereupon be due and I payable on the due date of the next monthIy iaayment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real properfy taaes, insurance prem:ums, and mortgage guaranty insvrance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first or id. " Signed, Seal~ deliv ed in the presence of: ` ~j~ / ~ a4 ~ i _ • ose . a e (Seaq [ (Sesl) ss ice a e - ~Seaq SiATE OF ~ ~ PFIVNSYLVAiVIA 1 couNn oF A1?e~~:nny i . eefore me perwnally appeared JOSep~7 R. Kabeth AI1C@ P. Kabeth his wife, to me we11 known and known to me to be ' the individuals desvibed in and who executed the foregoirg instrument, and acknowledged before me that they executed the same fw the purposes rr~.~~~ e:p.esxd_ and rtx said A1 i ce P. Kabeth ~ wife of tF~t :aid ~ ,It~cPnh R~ Kahc~th upon a sepsrate and privats eaaminst~on by me taken scparate and aparf from her said husband, acknowledged to and before me ttwt she eaecvted said insWment freely and volun- tarily and without any compulsion, constraint, apprehenaion, w fear of or from her said husband. WITNESS my hand and offic]al seal thi: 5 ~h day of Feb.ruar p, p, ~q 68 I ~p : ~~'La.~ ,~Y) ~CD~~~~P• Notary P blic in and fw the Sfate of~-fia+ds af larye O PNp RvN~Y • My Commission expires: PeI1I2SV~Vflil1A Retum To: 0 ~ ~ lF ~ ~?st Federal Savings a ~oa~ ~?ssd~1~G\E IAARY fA. SURMAN, NOiery-PubliC . S'~. C,tlr Pitt~bur4h. Alle~h~n~r Co.. P~. , 4~~~ j,. Of Fort P~erce. , i. ~ ' fJ~ Fort Pie~ce, Florida ` ~ O~ I~r COmmiSSiOn EXpMN ~ . ~3 Sspte,.~ber 4. 197I , ~ ~ _ , ~ C ~ • ~ `1 ~ ~ ~~~6 ,S .7 a`'`~> . 6 R Z ~ r . , . ;.p~~ CpVR - ~ r,t v\~ - _ . ~ J _ G` C " . This instr:~m?it prepared b;r ~RK . _ - . - ~'a':. ~ - First F,~dzr:~~ r & l.can A~sr,. , ~ : . } . i~t~; ~ ierce By , B~K1~70 Pa~12 ~4 .r. , . : ~ ~F.= ,~~~~~t ~ - . r . ~ - . ~:-:5