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Home My WebLink About1135 3. To place and conrinuously keep on tne bui!d~n~s now o~ ha~eaftar s~rue~e on sa~d land and on al! equipmeM and persona~ly ~ove~ed by lhis mor~g- ege, w~th al) prem~ums the~eon pa~d ~n lufi, lire inw~ance ~n ths uwal s~en:lard po:~cy iorm, in a sum apExo+rd "oy ihe MOR~GAGEE, and windsW~m insur~ncs in the usuat standard pa~cy fo~m, in a sum approred by the MURTGAGEE, in svch tanpany or tompan~es as the MORTGAGEE . may d~rec~; and all fi~e and w~nds~orm inwro~ce pol~ues aa? any of sa~d buildmgs, any interes~ therei~ or part thereoi, in the agg~egat~ w~.~ afaesa]d or in excess ther.of, shall ;on~ain ihe ususl standa~d mprtgagae c(ause a wch o~her dause as the Mertyagre may requ.+e, making ~be loss unJe~ sa~d pol~ c~ea, each and every, payable to sa~d A1JRiGAGEE as ~n intrrrst may appear, a~d each and evtry such pc,l~cy shail l~ promptty ass gnrd and dei~ver~~d to any held by se~d MORiGAGEE as funhzr ~zcurity to said n.ortga~e dzbt, a+~d, not less thart ten (10) days in advance of the e,~pirat~on of each pot~cy, to de- tiver ro said MORIGAGEE a renewaf the~eof, together wirh a ieceipt for ~hr premium ot such renewal; a~d there shall bQ rw i~re o+ w;ndsio+m inwrance p!ated on ~ny of said buitd~ngs, any inte~est therein w part thereof, un~es~ in the fo~m and wiih the loss payable as aforesaid; end in ~he event any sum ~ of money beca„us payable under such policy or poGc;es se~d MORTGAGEf shell have the opr~on ro recaive and ap~1y the san:e on accouM of the indrbted• ness secur~d hereby w to permit sa~d 18pRTGAGORS to rcceive and use it or any parl thenwf tor or~~~r pu~~,o:rs, ~~~eno~t ih~.~o~ .r:,;~~ ~3 er ~n~p~~t : • ing any cqu~ty, lien or righf undrr or by vinue of thls mo:'yage; and in the event sa~d MORTGAGORS sF~ap for any reason fait to keep the said prernls-.s so 7nsured, or fail to delive~ pi~rnpt;y any oF s,~;d pol;cies of insuran~e to sa~d MORTGAGEE, or fail prompdy to ~ay fuily any pr<<n~~m the~efor oi in any respetl fail to perform, distha~ge, exetute, effect, compteta, comply' with snd abide by this covenant, or any parf heraof, said MGRTGAGEE may place a•-d pay fa such insurance o~ any part thereol w~ihour wa~ving w affecting any optfon, lien, equ'~ty, or rJgM unde~ a b~r vntue of thi: Mortgage, and ihe full a~nount of each and e~ery such payment shalt be immediately due and payable ond shall bear interest from the date Ihereof until p.,~d at the ratr ol • n;ne per centum per annvm antl toge~her with su.h inter~st shaii be secured by tbe ~ien of this mortgage. _ ~ 1. To permit, commit or sutfer rto waslr, impairment or deterioration of said property or any part thereof. ' 5. To pay all and singular the costs, charges arrd expenses, induding a ieasanable attorneyb fee and costs of abstracts oF titie, inwrred or pr,d at i any time by said MORIGAG.E, beca~se or in the event of the fa~Vure on ~he pa~~ of ~he said MORTGAGOR to duly, pranptly and fully perform, d~scha~ge. ~ ~xecute, efFect, comptere, comply w~th and ab.de by ea.h and every the stipulat~ons, agreements, conditions, and covenanri ol said promissory note and th~~ mortgage any or either, and sa:d costs, charges and expertses, each and every, shall be immediately due and payab:e; vrhethe? or not there be notice dr - mand, attempt to cotle~t or suit pend~ng; and the full amount of each_ and e~ery such payment ahall bea. interest from the date thereof unril pa~d at the r,,rr o' nine per cenrum pe~ a~:wm; ar~ a!! said tosts, charges and ex~nses incurred or paid, together wuh such inte~est, shall be sewred by the Len of thit mortgage. b. That (a) in the evcnt ot any breach of this Mortg~9t w default on the part o( the MORTGAGOR, or ~b) i~ the e~ent any of aa:d sums of money herein referted to be not prompNy and fulfy paid wirnin th.rty (301 days next afte~ fhe same severalty become due and payable, without demand o~ notice, or (c) in the event each and evary the stipu!ations, agreements, cond~~lo~s and covenan~s of sa,d promissory note a~~d th~s mortgage any or e~ther are not ~ ju;y, promptly and fu:ly perfurmed, d~scharged, execu~ed, effected, completed, complied with and ab~ded `~y, then ~n e+the~ or any wch eveM the said ag- g~egate sum mentio~ied in said promisswy note then remaining unpa~d, with interest accrued, and a~t moneys secured he~eby, shall become due and pay- ao:e torthwith, or thereaftcr, at the option oi said MORiGAGEE, as fully and completely as if all of the said wms of money were ong~natty st~pu~ated ro be pa(d on such day, anythirsg in sa:d pro:n;ssory note w in this Mo?tgage to the contrary notwithstand~ng; and thzreupon or thereafter at Ihe opnon of sa;d MORTGAGEE, without nor~ce or dema~xi, suit at taw or in equi~y, ther~fo~e or thereaf~er begun, may be prosecuted as if all moneys secur¢d hereby nod matured pnw to ~ts instit~tion. 7. That in the event that at the beginn~ng of or at any time pend+ng a~y su;t upon fhiy Mortgage, a to f~,reclose it, or to reform it, or to enforce i;ayment of any claims hc~eundcr, sa~d !~tORTGAGfE shall apply to ~he Court having jur~sd~U~o~ thereof for the appomtment of a Receiver, such Covr~ shaii for.hwith appoiM a receiver ot said mo•tgaged prpperty a!I and s~ngular, includ,~g atl and singutar the income, prohts, issues and revenves irorn whateve~ s: u~ce derived, each and every of wh~ch, it be:ny eapress;y ~nderstood, is hereby mortgaged as if spec~fically set forth and described in the g.ant~ng and h36endum c!auses hereof, and such Rece~ver shail have a!i ihe 6road and effec+ive funct.ons and powe~s in anywise entrusted by a Cou~t to a Recei~er, a~,d :_:h appointment shaU be made by such Cou.t as an admirred equ;ty and a matrer of abso:ute r~ght to said MORiGAGEE, and ~wirhout reference to the adequacy or inadeqvacy pf the va'.ue of the property mortgaged o~ t0 the So:vrnty or insolvency of said MORTGAGOR or fhe defendanis, and rhat Suth rems, profits, income, issues and revenues shail be appGed by such Re~eiver accorouig to the lien o~ equity o1 said MORTGAGEf and rhe prau~ce o( such Courl. 8. To du!y, prompt;y and fuliy perform, disch~rge, execute, effect, comp+ete, compty wifh and abide by each a~d every the at~pulations, agreemeNS. conditions and covenams in sa~d prom~sso:y note and this mortgage set forth. 9. That in the event the ownership of the morrgaged premises, or any part thcreof, becomes vesred in a perwn other thart rhe MOR7GAfiOR, 1hE :•.^RTGAGEE, its suctesso~s and assi9ns, may, without notice to the MdRTGAOR, deal with such sutcessor a successor ~n interest with reference to th~s •rorrgage and thr d_bt hereby secured in the same manner as w~th hlortgagor w~thaut in any way vitiating pr d~scharging tF~e Mor7gagors' liab~lity hero- ~.~der or upon the debt hereby sec~.c~J. No sa'e ot the prem;ses hereby mortgaged end no forbearance on the part of 1he /AORTGAGEE or its wccessors c~ assig~s and no extens~on of the hme for the payment oi the debt Fereby secured given by the 1110RiGAGEE or irs successors or ass:gr.s, ahall operate ro re!ease, d~scha:ge, modify change or affect the ong~nat tiab~irty of the N.ORtGAGOR herein, either in who)e or in pa~t. 10. It is speciFicai~y z9reed rhat t<me is of rhe essence ef this conrract and rhat r.o wa;ver of any obligat~on hereander or oi the obligatan sr c,~rzd hereby stial~ at any tinQ thEreatte+ be 1;e!d to be a wailer of the terms hereof or of the instrumem secured herby. 11. I~ add~tio~ to th~ fo.egc nq month:y payrnems of princ pal and inrares! required by the p~o~n~sscry norE secured hereby, mortgagor covenants d agrees to pay to mo:tgagee v~.~~h each n ~r,t~'y f;ajr:Bnf an add~rio»at sum esr~:-~ared b~ mortgagee to be equa4 to 1. 12 of the an,~~al cost of tbe lollow- A-AI! rea~ property taxas ~ened o. a:sessc~i ag~~~~st nc~ above desc•~bed real esrare. B-Premfuns on fir¢ ar,d w~ndsto:+n msv:ac~e as herein req~:red to be carried on the improvements situate on th~ above d_scribed prem~ses. G-Prern~u~r-s on such n~ort~_~e g~a~ar.ry tr.sura~.ce as n:o-rgagee shatl frc~*+ r(r~:e ro t~-r.e cfeem tit to carry on the loa~ secured hereby. Mo~!ga~ee sha~l frcm time to t:^ia not~fp mortgagor :n wr~tiny of the amo::nt due and payable hereundrr and such sum shall there~pon (~e clue and . :~;a51e on th~ due ciaee oi ~he ~r_x~ month~y payment and each~success~ve month rhr:eafter ur,ril mortgagee shall notify morsgagor of a change in such ounl. a~ch wms s6a:i (~e ap~.iied by mongag~~e raward titie payrnent ot ~eat prope~ry taxes, insura:xe prem:ums, and mortgag~ yuaranty insurer.ce , :~•emiums. IN Y~1TNE5$ :'+H~REOf, the said MORTGAGOr2 has hereunto set his hand ar,d seal ~he day and firs~ afoyysai 1 Sgned, Sea nd dfSivered in the p~esence oi: D ' • i ~f l ~Glrs ~.,i. !t-,(-( V (Sea~ L x~ ui s P. Mer ano - {Sea!) - - - ~ 1 i.i ~ tt! (Seal) ane . . r ano t5eaq : . . ! SiATE OF f~~ Pennsylvania Bucks ~ ~ ~J~JNTY OF , ~ . i Before me personally appeared ~.OUlS P. Mezlano r a~ : ; _ Jane C. Merlano his wife, fo me wel) k~ldv~f~~nd kwoyrn t'd•~ie to ~e ° ~ rne ind;vid~als described in and who executed the fwegoing instroment, and acknowledged before me that tAey execute~'~1h~.sstrs!°fot ths [R~:poses rHerein exprossed. And the :a~d-__ Jane N,erlano • ' ' ~`•.~'~8' Merlano ' ' +:~fe of ~6e sa~d LOQ15 P, vpoR-~ s~ye~{u iArip~Er'rate efam~nat~on by me take~ separate and apart from her said husband, acknowledged to and before me that she e:ecuted s`rQ iµstf4imm fc~ly:~rdgpl~n~ ~a-~ly and withovt any compu:sion, consrraint, apprehens~on, or fear of or from her wid hus5and. . ~ ?j 25th - -~Y~~ , WITNES$ my hand and offic;al seal this__ _ day of di'1118 Q~g'`74 _ ' / .A . Notary Pubhc ' and for the State p~ enna . My Commissi0~h expires: Ajj(~ ~ r 7 Return To: First Federal Savings 3 loan Associat~on Of Fort !':erce. Fprt G~ar~e, Ffor'da ftLED Awi; tiEC~RDEO - ST.IU~~E. ~3UNTY F~A. ~ ROGc~ ~'0•TRAS CLERK Ci:':.U:T COURT ~ This Instrument Qrepared By J~ H. Roberts, Jr. R`~~~R~'~"~~'fQ First Federal Savings & Loan Association 05 ~~Z~ _ of Fort Pierce , F lor ida Chscked By`~~ 0 R , ' . eo~~ 223 P,~E1~35 2'73~~f~ _ ,