HomeMy WebLinkAbout1134 ~ ~ ~ ~s..- - ! ti ~.t.~ ~
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To plaa u~d cominua,sly kNp on N~e buitdir~ps now a 1wr~aha ~itw» on uW land ~nd on ~II equ~pment a+d p~rwnally eov~+d by th(~ nan~ ~
p~, with ~11 pr~miumt thsreon paid in fvll. (ir~ iniu~anu i~+ ~M uwal s~w~dsrd poli~y for,o, in a sum approred by tM MORiGAGEE, and wi~tbtam
~nsw~ncy in tM uswl ii~nd~,d pol~cy forin, in • ~wn ~pp~owd by ~M MO(tTGI?GEE, h wcb oanpany a compae~s a th~ MORTGAGEE eeNy
dir~ctt ~nd all iln aM) windstorm i~uwaac~ polici~s on +ny of uid builda,p~, ~ny inM~~s~ tha~in w paM thereoi, in ~Fw .pq~paM wm ~fas~aW a
In ~xcsss thereof. ~11 conain ~M usuai sqndard mortypw clau~ w wch otha dauw u 1M Ma~pspr~ maY nqu~n. m+4lnp tM Nxs u~da sawd pol}
ciq, each and wery. paYabk a said MORTGAGEE a in intKeat maY ~pp~ar. and each aod ~vsry urch policy ~MII be p~omptly ~u:y~ed and delivered to
any hNd Ey s~id MORTGAGEE ~s fu~tMr security to said mortys~ deW, and, not I~u thae t~n ~10) day~ in advanc~ of tM tXpira~ion of t~ch polity. to eN-
IivN ta said AAORTGAGEE • r~new~l tM~wf, to~ttMr with s rottipl fa tM pr~mivm of such renewalj and tMr~ sMll be no fir~ a windstam ie?iw~nt~
pl~eMd on any of said buildin~s. ~ny intere~t tt~~~n or put tMrwf, unku in 1Fa form ~nd wi~h tM toss p~yabt~ as aforts~idt u~d in tht ~weM ~e~y swn
oi mon~y b~canes pay~bt~ uada wd+ polky a pdicies said MORTGAGEE ~MII h~w tM optan ro receive and sppty tFw s~m~ on acca?nt of tlw ind~bt~d
~ess stcvt~d FNrepy p M pKmil said MORTGAGORS to reotiw ~nd vs~ if or ~ny p~~t Ihereof fd othc? purpo~es, withouf Ihaeb~ waivi~y w impiia
i~p any pvity. li~n a riqht unde? or by virtw of this mor:9ayr, and in tht tveot sa~d MORTGAGORS shall fw any reason f~il to keep the said pr~mises w
',.zs~~ad. a fdl b d~liver prornptly a?y of asid policies of insurancs ro said MORTG/1GEE, w fail promptly Io pay fully any premivm therefor a in anY
respM bil b pKfwm,, dixharye, ~xecute, df~d, comptete, comply with and abid~ by this covsnanf, w any pan hs~eof, sak! MORTGAGEF inay plac+e and
pay (a wd~ i~uurar~ «.nr pare rh.reof w~rha,r walvlnp o~ ~ffectirg any optiay lien, equity, or ~pM under o? by vimx of this MoNya~e, ~nd tM
tull amo~nt ot sath ud ~very sucA paymant iha11 b~ imm~~ iat~ly dw ~~+d pyabte ~od ~sAall beu interesl f~an the dat~ the~eo( un~il paid ~t tM at~ of
n~ne p!f CMtum per uuwm a~d toge~her with iuch interest ihaU be secured by the IiK? of this i?~ortQsge.
4. To permtt, oommit or wffer no wute, impairment or dere~iwation of s~id property w any p~rt thereof.
S. To p~y ~11 and singulsr fhs toab, th~rpas and exp~naes, includirg • reasonabk ananey i fee snd costs of abN~acts of titl~. incuned o~ paid ~t
any f'~ms by said MORTGAGEE, becauss or in the ~vem of tM failwe on th~ part of tM :aid JNORTGAGOR to duly, prompHy and fully perfam. d~scMry~
execute, ~ffact, compl~t~, comply with and abide by ~ach and every fhe sfipvlations, agreement~„ condi~ions snd covenants oi iaid promissory nott snd thi~
mortpay~ any or eiiha. a~d iaid costs, chu9es and ~xpsnses. each and every. sMll bs immediatety due and payable~ whetFKr or not ther~ b~ notic~ da
mar~d, attsmpt to collect or s~it pend~ng; and th~ f~ll a~nouM of each and every such paymem shall bear i~rerest from ~hs da~e thereot vn~il paid at tl~s
rate of nine pe~ centum per arnwm; and aU xid eostf„ chuges and expenses intvrred or paid, together with such interest, shall bs setu~ed by fht (ien of thit
^wr/~s~.
6. That in the evenl oi any bre~ch of this Mwtqsge o~ default on the part of tF+e MORTGAGOR, or (b) i~ the event soy of aa+d auma of moMy
herein referred to be not promptly and fvlly paid wi?hin th;rty (30) days next after ~he same severally become due ~nd payable, without demano p notice.
or (c) in the evee+t each ~nd ewry the stipulatians, ag~ccments, condi?iau a~d covenanq of u:d p~omissory note a~d ~h;a mortya~e any o? ~ither ar~ nol
iuly, promptly and fulty perfam~d, diuharged, ~aecvted. eifecred, eompt~ted. comptied with and sbided by, tFwn in ei~her a any wch ev~nt tM said a~
gregst~ wm meationed in ssid p~omiswry note then remaining v~paid. with intereat accrued. and all moneys sec~red herebY. shall betom~ dw ~nd pay~
sbte fn~thwith. w thcreafter, a~ the option of said N10RTGAGEE, u fvlly and comple~ety as ii ali oi the said sums of money were originaUy stip~lated
to be paid on wch dsy, anything In said p~omiuay ooM or in tha Mwtgage to tF?e contrary notwi~hs?anding: and thereupon w thereafter at tM opYq~ of
iatd MORTGAGEE, without ~otice o? demand, wit ~t law or i~ puity, the~efwe u thereafter begun, may be prosecuted as if ~11 moneya sep?red hareby
nad matured ptior to its institution.
7. Th~t in the event that ~t the beginning of or at any tFms pending any wit ~pon this Nlortgage, w to fweclose it, or ro roform N, or to enfwa
paymee~t Of any claims hereunde~, said MORTGAGEE shsll spply to the Coun having jurisd~ctio~ thereof fw the appo~otment of ~ Receiver, wd~ CouM sMlt
Forthwith ap~wint a reteiver of said matg~ged ptqxrty aU and sinpubr, inctudug all and sinqutar the income, profi?s, issves u~d revenues fran whateve?
sovrce derived, each ~nd eve?y of which, it being txpressly understood, is hereby rtwrtgaged as if spetifically set fwth and deWibed in the yr~ntiny and
habendum dauses hereof, ar?d svd+ Receiver shall have all the boad and effective funct~ons and powen in soywise entrusted by a Cov.t ro a Raceiver, and
such appointment shall be made by sexh Covrt u an admitted equity and a matter of absolute rght to said MORTGAGEE, and without roference ro ths
adeqv~tcy a in~dequacy of the v~tue of ~he property mortgaged or to the sonrency w~nsolvency of said MORTGAGOR w the defendants, and that s~ch
rems, profin, income, iuues ind revenues shall be apptiad by s~ch Receiver eccord~ng to the lien a aqvity of sa;d MORiGAGEE and the practica of such
CouA.
6. To duly, promp~ly aod fuly periorm, dixharge, execute, effect, complete, comply with ~rd abide by each +nd evary ths stipulations, agreements, ~
conditwns and co~enants in w~d promissory note and this mortgage set forth.
9. that in tke event the ownership of the mortga9ed prem;ses, or any part thereof, bccomet vested in a~ persori other iMn the MORTGAGOR, ths
MORTGAGEE, its successon ud auigns, may, wiihouf nor'Ke to the MORTGAOR, deal with such successor or successor in imerest with reference to this
rnor~q~e and the debf hereby setvred in the sama mimlr as with Mwtgagw without in any way vitiating w dixharging the Mortyagors' liability hers-
under or upon the debt he~eby secu.ed. No sals of the prem~ses hercby mortgaged and no fabearance on the part of the MORTGAGEE w its svocesson
or assigns and no eatensan oi the time for the payment of the debt 1?ereby secured yiven by the MORTGAGEE w its succeuors a ssiQns, sMll operatt
ro release, dixharge, modify ch~nge or affact the wipinat liability of the MORTGAGOR liEran, eitt~a? in wFwk' w in part.
10. It h spec~ficaity agreed rhat tFme es of tF~e euence of this contr~q and that no waiver of any obligation herevnder or of th~ oblipstion se-
cured hereby shall at any time thereaher be held To be a waiver of the ferms hereof or of ths i~utrument secured herby.
' 11. In add~tia~ to the fwego:ng mw~thly payments of princ'pa1 and interest required by the promiuory note secured hereby, mortgsgot ~ovensnts
a~d agrees to pay to mortgagee with each monthfy payment an addirional sum estimated by mortgagee to be equal to 1/12 of tfie annual cost of fhe fdlow-
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A-AU real property taxes levied or assessed agaieut the above desvibed real estata ~
B-Premiums on fire and windstorm insurartce as herein requ~red to be carried on the improvert?ents situate on the above desaibed premises.
C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall faom teme to time deem fit to carry on the loa~ secured hereby.
Mortgagee shaf! fiom time to time notify mwtgsgor in writing of the amount due and payable h~rtunder and such wm shall thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter urtil mwtgagee shafl notify mortgagor of a chsnge (n wch
amounf. Such swns sF.a~i be applied by morigagee toward the payment of real property taxes, insutarxe prem:ums, and rtwrtgsge guaranty inwrante
premiwnf. .
IN WITNESS WHEREOf. the ssid MORTGAGOR F~as hereunto set his hand ~nd seal the ~nd year first afor aid.
Se+le snd delive~ed in the presente of: ~
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STATE Of7~j PBNi[~ISYLVANIA ~
courrr oF r
1 L~°~~rG.v
eefwe me perso~.lly apP.•.ed A.]ty~t C. HAfinei4ter ~
Ba~sa Lee Hofaeister his wife, ro me we1! known ind known to me to b~
tha irxfiridwls defcribed in snd who ~xecuted tM fore~oirg instrwnant, and xknowkdged before me that they aarcuted the sarne fw th~ pwposea
th~~ein •,cp.~,sea. n,na iE„ sa;d- Ba~a Lee Hofaeister
wife of th~ said ALgllst C. HOfII6~8t@= vpon ~ sep~r~te ~nd privat~
examinaYwn by me ta4en :epar~te and apart from !ror said husb~nd, aquwvvtedged ep ~nd befprt ms that she exetuted said instrumeaet fre~lr and volvn-
~arily and w~tho~t any sompulsan, constrsint, appreh n~7o or fesr of ot ftom her said lwsband.
WITNESS my hand and offkisl seal th' d~y of /1. D. 19~_
. FILEO .ANO RE ~~ry p~blic .~a f s„t~
Rstvrn Ta. S7•~
VCORt~VER1F1E0~•MY ~°"""~1O" ~
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First f~de~al S~vings i loan /lssociaYan a"
•ir.r P v 'S
Of Fort P.erce. S, ~ ~ ~}{y~. •n ~
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. fOfT pKfCl. F~Of~a '69 MAY ~ ~ ~ ' ~ ~O ...r:~.~.~~'r '7f~~l~j. ~.1J• ~r j° . .
~ ~ CiOLM'iISS~ ° ~ ~
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,~-'•~yr°~~~';'~.•.~ .
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This Instrument Prepared By f20GcR P0ITRAS ~ 'J/7,'f ~+r h.~# y,~•~~~
First Federal Savings b loan Associat;on C~RK CiRCU17 COISRT ~1:'f j:~ C~^,`,•-'
of Fort Pierce
Checked By J. Chastain ~
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