HomeMy WebLinkAbout0301 1 u!!•~
To plaa aad oaaMMwush? Iu~P on th~ buildin~ now o~ hK~aftM ~itwN on s+id land ~nd on all puipm~ and pKwn~lly aovK~d b~? N~M nar1~
pR with ~II pnmi~nn tlw~on p~id in iv16 fin inw.anc~ in ti+~ usval aar~dwd policy fa+~. N• wm approwd b1? ~M MORTGAGEE. and wM~tom~
h~w~na in th~ uswl stand~rd Polih? famL in a wm approwd b1? th~ MORTGAGEE. in wc1~ comP+^Y a~P+~~ a tM INORIWIGEE ~y
dincrt ~nd ~I) M ~nd winrb~onn k~swana Pdicia on +nY of wid b~ildin~, ~ny IntKat tMr~in w p+~t thKw(, In tM pp~p+ti w~n ~foraald ar
b~aa ti~wf, sMll aontain tM uwal sqndard narq+p» tlww or wck o~ha dw~ a 1M Mat9+pN m+Y nq~in. m+ku+p th~ loa v^dK ~+id p°U' -
N.a. .acA and w.ry. wr+bl~ fo s.id MORTGI?GEE a in in~u.s~ +nay ~.ar. and .ach .nd .wry wch po~ky+ sFWll b~ pranp~~y aa:qnd and d.liwred ro
~ny Mld by ~id MORTGAGEE as furtha aa+rity to s~id n+ortpap~ d~bt. +od~ no~ I~ss tMn Nn l10) dayt M~dv~oa of tFw ~xpk~tion of esch PoIkN. 1o dF
qw~ to wid MORTGJ?GEE •~w~l th~rwf. top~tlw+ with a naipf M? tM pnmiwn of wd~ rrn~w~l~ ind tM~~ sMll b~ no fin a wlndstorm In~want~
pl~o~d on any of said bvild'mpa, ~oy in~Kat thK+in a pat ~wf, unl~ss ie ~he torm and with tM bss payabb a afora~idr am! in tM ~venf any wm
of mw~y becan~s p~rabb w~d~r wd~ policy or poticMa uid MJRTGAGEE ahal) h~vt 1!w option b naiw and apply tM wrtw o~ accou~t of tM kd~bted~
Mss wtw~d Mr~b~r a b pwe~it wid MORTGAGORS b hpiw ~nd w~ N a any p+rt therwf fa aha pwpo~es, witlavt tFro~eb~ waivinp o? impiir-
~+^Y ~4~?~Y. liu~ w ~ipht un~M? w bp vktw of this mortpaq~t w~d in d+t ~wet aid MORTGAGORS ~MII fa +~ry? »ssan faN 1o ks~p tM said pnn~ita w
k~sw~d. a fail b deliwr P~~^P~b ~1? of wid politi~s of inwra+ot to wid MORTGAGEE. ot f~il promptly to p~y fvlly aMl p~emi~m tF~~fa w in v~y
n~p~et bi) b p~rforn~, d'aelw~e. ~z~a+t~. ~fheL oa~~. aomP~l? with ~e?d aWtb by thi~ tovMant, a~? part ha~of, s+id MORTGAGEE en+y plaa ~nd
WY fa wch in~wano~ w any part tMrwf withoul w~lvinp w ~Hictinp +nY opHo~4 ~l~n. puib. or ripht w?dK ar by virtw of this Mortq~p~, ~nd tM
fu11 ainount of ~aeh and w~ty ~uch p~ynrnt ~hsll b~ inwmdiaby dw'and p~y+bl~ and sh~11 Mar i~1Kat froen th~ daq tl+~nof unHl p~id ~t tM raN ol
nin~ pK pntwe p~r snrwm ~nd top~thar vrith wth int~r~st sh~ll b~ s~tund by tIN fiN~ of tNa mort~apf.
To p~rMy oommit w wffK no w+~. imP+irmpM w detKior~tion o~ uid prop~rry ar any part tMnof.
S. To pay ~11 «?d ~irgvlar th~ coats, cAv4a +nd ~xpMw~, h+cludinp a nasonabl~ ~ttomey'~ fN and aosb of abstr~cu of titb. incun~d ar p~id at
any tims by ~aW MORTGAGfE. bstavs~ or in f!N ~wM oi 1M fsihrn on tln pHt of tlM saM MORTG/1CsOR to dvly. P~a^+P~N ~nd fvlly p~tfwrR d~l
tx~cvt~. ~ff~N, oanpMt~,. eomplY with and abid~ by ~ad+ ~nd ~wry th~ stip~l+tions„ apreemenn. cooditions. aad aoven~ets of said promissory noh and this
moNpap~ +iW a eitM?. ~nd w~d cost~. d~+rp~s and ~xpMws, ~ad~ and ewry. shall b~ Yrwnediably dw ~nd payabht whetF?e~ a not tl~~ M notia dr
m+nd. +tt~mW w aolbct w wM p~+fiinp~ ~nd tM full s~now?t of s~d~ and awry wch paymMt sh~ll beu interes~ hon? tM dah tlweof w~tN pNd at tlw
rate of niew pst oa+tuni pa anwrn: ~nd all said coafa. cMrpea ud ~xpenses i~iwrnd a paid, to~ther with wth intetat, sMll b~ s~cvred by tM li~n of tha
mor?p+p~. '
6. TMt in th~ ~wM of any br~ach of Mia Maqap~ o? d~fault on tlr pa?e of tM MatTGAGOR, w(b) in tM wa+~t ~ny of ~aid sunr of mon~y
he?.tn nta~r.d ro b. oor P.o~ry a„d fi,~h P.~d w~tnu, ~h~?ty l30) d.ys neat aha+ tM sam~ avually bscan~ dw and payabl~, witM~A d~nund or nolite,
w W h the event esd~ ar.d ~wry the stipulatio~u. +~na.~.nb. aonditia+s ~nd oov~++aeb of s++d promissary not~ and th~s rtwrt~ap~ ~ny o~ ~itMr m ~wl
iuly. Pron~NY ~+d fu1~Y Perfwm~d, diulw9ed. ~xtwtd. ~ffec+~d. oompltt~d~ ton~Pli~d with and ~bided by. tMf1 it1 fitMf Ot ~ely {uCI1 fv~flt tIM Mid ~
prayaN sum mH?taneJ in s~id promissory nob tMn nm+ioin~ unP+id. with inta~st acuusd. ~nd all ma+eys sscvr~d her~by, shall bacan~ dw and WY~
abt~ fwthwith, a thereaher, N th~ option of ~aid MOR?GAGEE, ~s fvlly ~nd ~mplNely u if sll of the said sums of monsy were wipinallr atip~lated
ro be p+id an svch day, soythinp in aaid promissay nots o~ ie tha Allorty+~ ro tM contruy nawi~hsandir+p; and thereupoe o? there+h~? at tM option of
•aid MORiGAGEE, without noYw~ or dam~nd, wit st law or in puity, the.~foro a thersaher bpun, may be p~osecvbd u if all mon~ys t~cvrd l~u~by
had ma~w~d pra. ro ~n instin,tion.
7. Th~t in tl+~ ~vent that ~t th~ byiminp of or ~t arsY tNne pendny u~y wit upon this Mort~+pe, o? w foredos~ h, w fo nfwrn B, a fo ~nfora
payment of any daims herevnd~r, s+ld JMORTGAGEE sM!! apply ro the Goun haviny lurisdiction thereof fa the sppointmMt of ~ Receive~. wd~ Covn shall
fwthwith ~ppoint • rcceiver of said mortp~~d property all and sirgvla?, includug all and sio9uls~ th~ incane, profits, bsues and rovenues fran whatw~?
so~ree derived, each u?d ~very of which. it be~rg ~upressly und~?sfood, is hereby m«ty+ped ~s if specifiully sN fwth u~d d~scribed in tM p~antinp a~d
habandum tl+vses hereof, and such Reaiver slwll Mw ~II the bro~d u~d effective fix+d'am a+d povvsn in anywiie entrusted by ~ Coun to ~ R~oeiwr. ~nd
•uch appointmc~t sMall be m~~ by svcA Court as ~n admitted equity and ~ m+tter of absd~te ri~ht ro said N10RTGAGEE, and without refererKS to th~
adequ~cy o~ in~dequacy of the wlw of the prope.ry mortyaged w to the whrency o~ insolvency of said MORTGAGOR or the defe~dants, ud that wch
renrs, profits, income, iuues +nd rwenuss sMll b~ ~pplied by svch Receiver accordinp to the lien a puity of aid MORTGAGEE and the practia of wch
Coutt.
8. To duly. promptly and fuly pNfam, dacharye, exearte. effect, aomplete, aomply with snd abids by sxh ud ewry th~ stipulatia~s„ ~preemenn,
cw~fiitiom and co~ran~nts in said promissory note and th9a r.~ortyspe set fwth.
9. TMt in ths event the ownenhip of tM morty+yed p?emises. a amr psrt tF~eof, beoanes vested in ~ person other than the MORTGAGOR, tM
MORTGAGEE, in succeuws and assi~m, m~y, wirhow no~ice to the MORTGAOR, deal with suck wccesw? or woceaw. in interest wiM refennoe to thia
~r.ortysp~ ~nd the debt he?eby secur~d in th~ same marr+er as with Mwtyspw without in ~ny way vitiatiny w discMuging the Mortyapws' li~biliry lr~r
under or upon the debt hereby secwed. No s~k of the premises hereby mort~sped ~nd ino fwbearance on the part of tFie MORTGAGEE a its wocessors
w ~uigna ~nd no extensan of the tune fw the payment of ths debt hereby secured ~iven by tlw MORTGAGEf or in wccesson or assigm, ihall op~a»
ro r~leas~. d'ad~uye, modify charg~ or affect th~ oriyinal liabiliry of the MORTGAGOR hKeN~, eitha ~ whole a in put.
10. h b specifically syreed th~t tim~ is of the esssece of fhis cadr~ct and that no waiwr of ~ny obligaYan her~u~der a of tM oblipation se-
cvnd F~u~by ~MII at any far~ there~ftar bs held fo be a waiver of ihe tenra hereof o~ of the instrument secvrcd herby.
11. In addiYan ro the forcgo:ng monthly p~yments of princ:pal aod interest ~eqvired by tF~e promisswy nole setured hereby, mortgagor oovenanb
and ~grees to pay ro mortgagee with e~th monthly payment an ~dditwnal sum estimated by mortgapee to be equsl to 1/12 of the annual tost of the fdlow-
ing:
A-All real property taxes kvied or assessed ~yaimt the sbove described resl estate. ~
B-Premiums on fire and windstam insur~nce as herein requued to be carried on the improvements situate on the above described premises.
C-Premi~xns on wch mon9age 9wranty insvra~ce as mwtgsgee sh+ll from time to time deem fit to urry on the loan secu~ed hereby.
Mortgapee shall from time to time ratify mortgayo? in writing of the amount due and psyable hereunder and wch wm shall thereupon be dve ~nd
pay~bl~ on due date of the ~+ext monthly payment and each wccessive month thcreafter until mortgsgee ~all notify mortgagw of a charge in wch
anwunt. swns shall be spplied by mo?tyages towud the payment of real property taxes, inwra prem~ums, and mortyspe ~wranty inwru~oe
i pr
f WITNESS , the s~id MORTGAGOR has herevmo set his hsnd and seal the and fint aforesa'
r Sea b the p~ of:
k
j n
~ n
~ io . ero ~
~ -
` STATE OF]~61aC PENNSYLVANIA ~
COUNiY OF f_ancastpr
~ ~
~ a„a„~w Michael Hero ,~,d
Marion E. Hero h;, w;f•, ro,,,e w.n k~own ,nd known w a,s a b.
ths M~!'ividwb dewibd tn and wFa uawt~d th~ far~yoina k?strurmnt, and ~cknowldped b~fon me tMt tFry ~xecuted ths sam~ fw tiw qrrpoa~s
N,.,.~, ~ ,t,. „ta Marion Hero
,~f~ o~ Md Michael Hero ~•/~01~ ~
examin~tiw~ by m~ taken ~epirat~ and aput fran I~ wid Iw~b+od. ~ckrwwl~dped to ~nd b~fon m~ tlwt sh~ ~x~cvt~d {~id MI~~ tf~iN~4l~yolilf
~ r~rily and withaA any oomp~lsion, comh~im. ~ppreh~r?sioq, ar of w hom Iwr s+id Fwsb~~d. :.a f'.,~~~` ;..;y`~
~ wITNESS mr h.~d .~d offia.~ d.y of A ril ,
~-:.z`~~
f ' • C
~ d
~ ~ F~~EO ANO aECO ' . Publk in u~d for ~ - : : ,
ST, IUCIE COUNTY. Fl.~?: ;u;~ .,~;,.s; • ~ ~
Td ~~.C4RD VEftIFtEO dJ,~.-a~~y-~, ~ ~
~il r•.d.fi) s.V~fl~. a ~0.~+ ApOC1.hG.~ J ~ ~ 'I~j a ~
Of Fort P~erce. j
11 M~~~
. Fo.+ Pie.c~, f1o.ida Z9 ~ I I~ ZO JANE~M~ ~If.~K...r~f~i~y`'_`~
'69 APR ~ ~ ~ .
w c.~y«.~ ~e i:. i~
This Instrument Prepared By F r017RAS ~
First Federal Savings d~ toan Associatig~ERK IRCUIT COURT'
of Fort Pierce
gy J. Chastain ,
~O~K A~E t~
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