HomeMy WebLinkAbout0341 ¦ ~ ~•~i
~'irst ~'ederal ~avin~s ond ~:.o~n~~ssociation of ~t. ~.~etersbur~
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~ .ttA~Tl:'I: F'Ol:ll OF .?IORTCAGf:' Tn
F'If~ST F'F'/~I:'I:A1. SA~'INGS A.~'l) GOA.'~' ~lti~O('lATIO.~' OF tiT. PF:TF:RSRURG
f;F~•u?-drd P~u'st~a?~t tu tie•cti~~?t 6l~.5.~;, Fluritfa Stutr~te~s
T1~~~ tr?~?r .~l~,rt~~a~~n?• as r~srd hFrri?i, sliaN i?tcluclP singr~?ru• ur pttrrnl. corpnration or in~firid:~a~
u?~d ~ ill~~~i~ .~~.i•, n~r~! .l~~ll i?rcJ~~~te~ tl~E~ lir~i?•ti, Ifqnl r~•~??•e•sr ~itatii~~-s, sr~~cr~s~~,?:c a~td assigns n/ the 1~1ort-
~a~nr. Tlle ti•r~?i A~s~u•tnffu?~ u~ u~e•d h~~?'ri?t r~-j'~'rs tu F'//:.tiT F'F.'/)ER4l. SAj'/1VCS ANU LOAN
Atiti~)('I:1Tll)?~' l)F' .~T. PF.'Tf:'P~R(~/:G, n rorJmrati~~n u~rde~r th~• l~rn•s r,J the [I~titrd Stntes oj A»terica,
irs .~u•~•e~,,,n:c n~id assigtix.
~VflF:/:EAS, tlre :~l~~rt,qa,qor• is a neeniber o/ fh~~ Associatu?n, o~?d lias ?•ecPi~~Pd a loan from the
:1a~u~•r~tiu~~ ~r•l~Pr~b~~ ihf~ ~11urf,qngor is justlu indr~btE~d to the Association, i~•hich irtdebtedness is here6y
«rk~i~~~rlt•dr~ed and a~ eridc•n~•rd h~ a ccrtain ~n'uniis~ur~~ n~?tP uJ c~i~t~ri date hercr~•ith made 6y the
.lturt!~agnr ~~rd f~a~ablP t~, the A~sociatio~t.
{i'IT \'F.SSF•TH, That the said ,ltort.4agor jvr the (?etter sece~rin,q oj the several su»is o/ money
??rr?~ti~~r?e~~i i~+ tl~e• said rrote d~?es he~?•eb~ ,qra?tt, bar,qutn, sell, aliei~, re»iise, rc~leas~, conuey and co~:~ir»i
r~irt~~ the~ Ass,~~iati~»r, i?+ je~e~ ~i~?iE?(t~ furei~rr, c~~rtain lai~ds oj rrhich said .~l~~i•lgagor is nou~ seized and
~~r,.~f~,r.rd, ir•lrich is described iit that c~rtai~t ntortgag~ exFCr~ted b~~ the Mortgagor to the Association
n»~1 r~•l~i~h r~jers to arrd i~~curporntec b~ rejerencP thF tPrms and conditiuns ~f this master mortgage. ~
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TUGF'THF.R t~'ITH ALL AND .SINGUI.AR TNE TF•A'F,~~i~'NTS, HEREDITAMENTS AND .
AYP('I.TF':~'ANC'F:S a?i~f afl .h•uctures, buildinys and tntprorentE~nts oj ever~ kind and deseription now
~~i~ lie•rra%te~r ~~~i said la~td, and all jfxtures attached thereto, i~tclr~din,q hut ~iot ?i»ttted to, all gas, ateam,
rlre•l?•ie•, ir~te?•. ireatitt,q, Q1)' CONfIl~10T2f17Q, cuoking, refz'igeration, ligiitiit,q, plumAin,q fixtures, and all
rruts, ixs«rx, proce~eds nnd projits accruii~g and tu accrt~e frum snid pre??tises, af! oj u•hicit are included
; ~~-it/ri?r th~~ fore~goi~i~ dE~scriptiun and thc l~abendeun tht~reoj: a~td al! pr~rsonal prope.rty apecifically
de .~rihE d i?i F;xhiLit "A" attacl~c~f to thr~ ntortgagc t~x~~cutE•d tlre ,lfortgaqor to Associatiott and ivhich
~ ?•e~i<~?:. tu this m~ict~r »iortgaqr~, t~~qFfhfr u•ifh the ~~re~cePC~s thcrrof, upo?~ al! of ichich said persanal
' pr~~p~rt~~, applian~cs, equipnienf nnd jiX~tlT'FS, thF~ Aasociation shafl hnz~P a first security interest.
TO HAj'E AN[) TO Hn1.D the~ a6oz~e granted prE~»iisr~s, ~~•ith the appurtenanees. unto the said
Associatiu~~ in_ j:~e sintplt~ jorertr.
Thr ~aid .tlort,q~rgun c~rc~5i~ cort~rtairts aird agr~~t~s irit)r t)~e Assuciation as fotlows:
; FIRST: Tlrat ihe il~rt~a,qor is lar~•full~~ sei~~~d oj the nhc?t~e describPd premises in fee si»:ple
a?rd has yo<~d riqht to sclt n~rd c~n?t~E~i~ thc~ sa»ie tu tliF Ascnciafioir; that the satd premises are free
~?~td discltRrged e~f and jrvn~ all taxes, tax fitles or certifie•atrs, jud,qnrents, nieclinnir's liens and en-
~ c•i~nahra~rce~s oj an~ natrr?-t~ or kiud r~•hatsoei•c~?• nnd that the ~1ortRagor i~•ilI fulf~ e~~arrant and defe»d the
~ ~anr~~ t~, th~° As.ociatio», rigai~asf thF larrfr~f clarnts and demands oj all persons :t•kanisoez~er~ and i~•il!
y; ?nake si~ch jt~rth~r assuraucFS tu pcrjc•ct jee sini~~lE~ fitle to sRid lcnrd in thp Association, as may reason-
- = ahl~J be~ required, and r~•if( pa2~ the sf~rFra! srims o/ nron~~~ agr~ed i» the said note to be paid and all
- irrstallments of principal arrd interFSt thFr•c~on prontptlq r~•ht•~t duc, arrd according to the true tenor
_ ~ a~rd efject of the said note.
' ~ SECOND: Tkat the. 1~tort,qa,qor r~•ill pa~ alt ar~d siu,qi~(ar t1~P taxes, assP4smPnts, levies, and en-
~ ~tn?tbrai~ees of et~ery nature on thP ab~re deser•Fb~d ~ruperty, and upo» this mnrt,qage and note. or the ;
~ Z m~~nE~y secured thereb~, bFfor•e delinqi~encu thPreof, a»d re~ceipts E-z~idencing pa?~»xeitt of said taxes, assess- '
~ niFnts, Iei•ies and encuntbra?tces shall be d~~posited irith the Associatiun on or before March 31st of
~ E~ach succeeding ~ear di~ring the ferm o~ this nto~'tgay[': and ij the ~a»ie l~e not prompt[~ paid u•hPn due,
- the Associatinn ma~ (i~•ifhuut ohligation to do sa) pa~ the san2e~, or hecome. purchasFr oj aiiy lateful evi-
- dE~rrce thereof, or certijicate tkerefor, r~•ithout i~•aii•t?ig or njfFCtiity an~ riglit here:~nder and in this
_ ncortgage, or fhe said note r~•hich this nrortgage ~ecurrs; and sr~cli pa~fine~:ts or expendih~res sa ~nade
~ > shall hear interest fron: the date. thereof at the highest rate nlluired b~ lai~•.
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3 ° THIRD: That the ilortqa,qor t~•ill keep alI rFa( a~td personal propf~rti~ notr or hereafter en-
=a p rr~i~thP>'td b~ tltF !ic» ol this mnrtgage iitsrtred as »rarl hr r~~~i~ircd jr~n?~ time to timF h~ thP Associatio~r
_ ngai~i~t t~~ss b~ fire, irindsform or other ha~ards, cast~alties a~td cuntin,qE')tC1FS for such periads a»d for
- nnt less fhair such amo~~uts us ma~ be requtred bt~ thP Ascnciatin?r and to pnr~ prcnnptly irhen dt~e aIl
p?•E•»iir~~ns j~~r such insin-a~t~•c. Tke amuurrt. of insr~rancf~ r~quircd h~~ th~ Associatioit are expressii•e
nf oi:1~ the mi~rim«m amoi~nts jor i<~hich said insurance shal( he n•ritte~t nnd it shcill be iricuntl?e~tt :~po~t
tti~ 11~?rtqagor tn niairitain such ~~?difiottal in~rtrunce as ntaf~ he nFC~~s~ar~ tn meet and contpl~ fitll~
" ~~•ifh all Co-inst~ranee reqc~irenteirts eo~:ta-ined in said policiFS to ihe eird that said .1lnrtgagor is not a
~n-i~isttr~r therE~u?rder. Insr~ranee shafl be i~~ritte~t hy a compa~ty or compairic~s apJ~rnned or designntPd
I>>~ the Association and the Association skall hauP the option to hold iir its possession afl policiPS and
_ rE?r~-~~•als thereoj. A(l detaited designatiorrs 6~ the ~iiortgagvr ~~•hich ar~ accE~pt~d bi~ the Assuciatio~t a?td
- aR ~~gi•eements t?etii•een :1lortgagor and Associatiu~t relating to insr~ra»ce, nnii• c~xisting or herea/fer
madf, ~hnfl be in icriting and shalt be a part of this mnrtga~[~ ar~rcPmcnt ns jull~ as though set forth
rFrl~atim herein and shatl ,qoz•ern both parties hereto and thein c~irs; leqal rrpresentntires, successors
- ~nrd cr.~i~~rrs. :~'n ltrn upon a~ti~ oj satd pnliciE~s uj iirsurancP nr rrpntt an?~ refinrd or retirrn prPmiums u•hich
ma~~ hE pa~~ah(e nn th~ canc~llatiu~i or trrmination thereoj, shall he qit•eit to othPr thau the Assocuttton,
= ~rcept j~i~ )»'~~pFr endorsemvnt a/jixeci t~~ surh paliei~ and approi7ed h~~ tlte Assoeiatioie. Eaeh policy of
- ~n.,uru~r~~f shal! l~az~e a/jix~d lheretn a Standard ,1~ortgagee Clau,e ucceptahle to the Assuciation, mak-
inq all 1us~ nr losaE~s under such policy paya6le to the Associatiuii as its interest may appear. ln the
~•s•Frit ~i?iy sum nr sumn o/ mun~•r~ hPCOnte pai/ah(e thereundPr th~~ AsY~>ciatiott :chal! have thP optfon to
- rE~crir~ and app!?I ~hv su?nP un accnunt oJ the in~e6tr~d~rE~sx hertb~~ ,sPC-lrred, nr to pPrnttt the 3fort,qa,qor
rs'CPli'F' Q)T/I ~~Y~• it, nr un>> >,arf thervu~, t~•tt/r~~ut tlierE-6~~ u~airiily ~~r impair•i~tg an~ equit~, lien or ri~~ht
- rrr~~lo,• ?rnd ?•irf«F~ ~~f !/~is innrtgn!/~~. Irr ~~?•f•rrt 1~~,~ ur ~~/r~l~ic•ul damaye fn the ninrtgetqPd ~?ropE~rtr~
IhE .1~nrt!/~lry~~r ~iroll ~/irr imnr~~~lintP noti~e tl~~reoJ I~r~ ?,iail to thF Arrs~?~iation rrnd thP Assu~iation n~at~
- ~~~ak~ pr~,~~j u/ f~,ti~ tI IIfF ti«m~ is nnt ma~1P pruntptf?I hr~ IhP A~nrt~agor. /n th~~ E~re~ut jorE~c(osurr• uj
~ li~i. m~~rt~/a!/r ~~r r,th~ r ~rnirxJrr i,f titlr to thr• n+nr/gi?i~~~i~ pro~»r/r~ in e~xfin~rrishm~~rtt n/ thF indPbtFdnr•ss
- x~~•<ir~•l h~~rrl,y, nt( ri~~/rl, lill~ ai~d i~rf~~r~xt ~~J ti~~- :11~?rlgagr.r i» a~td tr~ u?r1~ fnsttru~t~e~ policie':r fh~~ri in
- /~,r.~~ ,h.~!! pn:cs l~, th~• ~~ur~•has~ r ar grant~ ('~~un an~~ ~IF~/ault tf~er~~nl. thF A.:~~,cinfi~»r mn?I (hut i~•ithoitt
- ul~liqatinn ~,?r il.r ~,nrl su tn di~l pltt~v~ irtti~vnnr~~ ~,n ~~!~•h hr~ifdii~qs and ~~rt~~ the~ )~re~mirun and ~harqe~ ~urh
.~st~~~~x su pui~l ln th~ .ti~nrl~~itgur a~i~l sucie ~eurr~c o/ m~~~te ~J xu pui~l s/tull l?~~ur i~~tt~re•xl jroni the~ dafr uj
~~n~ln~rnf ul thi~ hrqh~•sl ratN allo~r~d hi/ I~tu~.
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f'~~ll'/.T{/' T/ri~l ~tll xr~mx uf muit~'N ~~~ud n?• ~•~tt~.tir~~ fn hr l?~tld h~/ tht• 4v4~?riafiun t~?1~~vr the•
= ir~n~.r nf Ihix n~u~/qrtq~ n~ri! h~•r~iir .tiprri(i~vrll~~ prnt~i~l~•tl j~ir, a~td tn~I?~tlin~/ n?t~/ e'x!u•r+s~•s tn~r~?•?•tvl h~~
;`'4 Ihr /~xnnrinli~,n in r„ll~ ~•trun uJ /h~ x~ti?~Y x~•r~irr~l hi/ 1/ti.~c i?~~rrf~/~r~/r, .eltnll he• t•~rrt~?•~~d br/ lht' Itr'?t uJ thi:~
nri~ilq~rqr, /h~ ~•uriir n:: /h~ .ui~i.Y u/ in~ii~r~/ rrpir.tirn/r~/ l~~/ Ih~• ?~nl~~ t~•hi~•h Iht~ mt~?'fy~~~)e• :te'~ti?'~•~.
- g~Rr 1~ PAI;I ~~1