HomeMy WebLinkAbout0994 To p!~ a+d continuou~ly kNp on ~M b~ilduv~s oow or hero•ir« Nwd~ on s•~d bnd ~nd on ~11 puiprne~t and pNWr?~l111 cawr~d by thb enortp~
pw with dl pr«nh~m~ ~Mrwn pa~d in full, fir~ insur~rx~ in tM wwl ~~~nda~d policy fwm, in a swn ~pprowd bp th~ MORiGAGEE, and wind~rorm
Gawana In tM viwl suodard pol~cy fwm. in a ~um approv~d by tM MORTGAGEE, h+ wcA wmpanY a oompMia a tM MORTGAGfE nwr
dindt ~~d ~11 fin and wind~arm i~auanp polKas oa ~ny of s~W bvildinp~, a~r 4+Nrat th~r~in w part tl~of. In tlr aqprp+~~ w~n afa~aid a
M~xaa tl~wf. sMll conrain tM wwl iandard morrgayM clws~ a wch o~hK tlu+w a tM Mort~+pN nwy nquin~, nwk4+p th~ ~os~ w+d~ ud Po~ ~
y
C~t~ NGII afld ~VNy. WYabl~ b s~id MORTGAGEE ~s itt I~~Ka1 ~y ~pp~ar. ~nd Nch and •w.y wd+ PoiMr ,hau b. p.o~ir .a.:~.d a~+d d~i~w..d a ~
~ny Mki by s~W MORTGAGEE as fwthe~ ~ecu~iry ro aid mortpape d~bt, ~~d, not ku than f~n (10) days {n ~dvanp o) tFN ~xpk~tion ol ~ach polky. to dr :
IFvM ro s+id MORTGAGEE a renswsl th~r~of, toped+~r with • roce~Pt ia the pr~mium of ~uc f
~ r~newalj ~nd th~ ~MII bt no f'u~ w wind~tam i n~
wu~u y
pl~ad on ~ny of said iwiidirp~. ~ny i~taresl Iha+io a par~ ~i,E~e~T, u~tFis ~n ~ht fwm an~ w~~h ~h. tau paybk u+toraa':d: usd in the svsnt arey ewn ~
of mon~y b~corrwa p~raW~ undK such polky o~ pol~ci~s ~a~d MORTGAGEE ihall Mw tM option to nuiw aod ~pply tl~ wn~ on aaow~t oi tM ind~b~~ ~ t
n~ss s~cw~d Mr~by or q permit s~id MORTGAGORS to rsaeiw ~nd vs~ N a any par~ ti+er~of fa otFar pwpoa~a, withoW tM.~b~ w~ivtrg a imp~i~-
i~p ~ny p~ify, Il~n w ripht vnder a by virtw of this mortyape; ~nd in tM ~wnt aid MORTGAGORS ahall fw a+y ~tawn fall to kNp th~ s~id p~ani~s w`?~1
insw~d, w fail to d~liv~r prompt{y ~~y of said policie~ of inw~anc~ to iaid MORTGAGEE, o~ f~il pranptly to p~y fulty MIy pIM11VT 1MffIW W MI N1y
n~p~ct tall W p~rform, dischary~. e~ecute. ~ffecl, compl~te. comply wirh ~nd abid~ by this oov~oant, a~ny puf Mr~of. s+id MORTGAGEE nNy pl~ct ~nd ,
paY fa such inwr.nc~ o? ~ny p~?f tFweoi wi~hout waivin~ o? ~ff~dinp aryr option, li~n, poiry, or ripht undM o~ by virtw oF tMs Monp+p~. ~nd th~
full arewoot of ~ath and ~wry a~ch p+yment sMll b~ immedi~teFy dw and p~yabk and ahall beu intK~~t from th~ d~~~ tht~eof untU paW at tM rab of
ni~x pp pntwn pK annum ~nd toyetRer with ~uch intereit shal{ be ucured by tM tiM of thi~ mo~tpspe.
I. To pKmit, c+anmif or wffa ~+o wuro, impa'ument w detaiwation of said propNry w any put therwf.
3. To p~y ~N snd siepvlar ths casts. dwy~s snd sxpen~es, indvdi^q • nasan+bl~ :ttona~r's fp and oo~ts o# ~bs~rac}s ot titit, i++currad or pstd st
•ny tim~ by sald MORTGAGEE. beca~ne a in ths ~wnt of tM i~ilure on tM part of iM said MORTGAGOR w duly. pranptly ~nd fvtlp pwfw~n, d~~
~xecvt~. effed. compkt~ tomply with u~d sb~de by ~~ch and wery ths stiputa~~ons, aq~eamenn, c«dirioru. a+d aow+»nn of sa~d pran+s+ory no~. and Nw
mortqap~ aoy or ~i~ha, and sa~d cos?+. durpes ~nd expanses. each and ~very. sMll b~ knmedi~tsly dw and pay~bl~t wMtMr a oot th~n b~ notia dr
maed, ~nempt ro collect a wit p~ndiny~ and tF+~ full amo~nt oi e~ch ~nd'every wch paYmN?t sh~ll b~ inte~est fran tM daN thawf until paW ~f M~e
~at~ of nins per centum per axwm; and all said costs, chug~s ~nd ~xpsrws Intwr~d p paid. topNher with xrth intppt, sMll b~ Nwnd br tM li~n oi thb
mat~ay~.
6. Th+t in the w6nf. of ~ny b?each of tha Mertyayt a default on tM part of th~ MORTGAGOQ w(b) in th~ ~wM ai~y d Nid wrnt of moMy
her~in nftrr~d to be not pranptly and fully paid within thirty (30) days neat afte~ tl+e same severally becara due and payabl~, withoW derrwnd or notke.
or (d in tM ew~t each and ~v~ry tM stip~latiw+s, agr~eme~b, conditions snd cwK+an» of sa+d praniswry not~ ~nd this morpap~ any a~i~AM ~n ~wl
iuly, promprly and fu11Y p~.formed, d~uh+~y~d. ~xacvted. ~ffecrod. cwnpletsd. complied wtrh and abided tiy. th~n in ~itF~ a any wd~ ~wM tM s+id ap~
prc9at~ sum mM~ioned in uid promluory note then remaining unpaid, with inrcrest acuued. and all ma+eys secund her~by. sh~ll b~swn~ dw ~nd p+M
able forthwith, a thereafte?, at ehe option of said MORTGAGEE, as fvlly ~nd completely ~s if all of the taid wms of rnon~y wert wipin~lly stipul~ttd
to be paid on t~ch day, anything in sa~d p~om~aswy note w in this Mort9age to the contrary notwithstu~dinp; ~nd thereupon w iher~ahK N tM option of
said MORTGAGEE, withouf no~Ke a demand, su+~ at law u in equiry, lherelOrO Of thl~NflN bpun, nuy be prosec~ted ss if ~II mo~y~ Hwr~d Mreby
had m~tu~ed priot to in i~ftitution.
7. That in tha evrnt that at ~he beginn~ng of or at sny tims pend~rg any wit ~pon this Mortgsge, or fo fw~clos~ tt, or to nfonn N, o? to ~nforp
payment of ~Mr daims hereunder, said MORTGAGEE sha11 apply to tM Cou?1 Mving jurisdiaion the~eof iw the appointmp+t of • Reteiver, wth Cowt thill
Fathwith appoint a raceiver of said mortgaged property all and sinp~lu, inctud~ng all and si~yular th~ irxom~, profin, issues and rwenues from what~vN
sowq daivtd, ~sth ~nd every of which, it being expreuly undentood, q hereby mo?tgaged ~s if spetifitaQy s~t forth u~d dyorib~d in fM y~u+tinp and
h+bendwn da~ses hereof. snd such Receiver shal~ i?ave ~II the broad srxl effective funct~ons and powen in ~nywtse aMrustad by a Cowt to ~ Rsuiver, and
wch appointment shall bs mad~ by such Court as s~ sdmitted equity a~d ~ matter of absol~te riyM to seid NIORTGAGfE. a~d witlaW nfa~noe b th~
~dequ~ty w inadeqvacy oi the wlue of the proper~y mortgaged w to the wtvency a insolvencr of said MORTGAGOR or tM d~f~ndants. and that such
renn, profia, income, iuves ~nd rwenues shatl be applied by such Receiver eccwdiwg to the lien w puity of said 1NORTGAGEE snd tM p~+ctioe of wch
CouA. ~ .
. 8. To dvly, promptly a~d fully perform, daclwrge, execute, eHcct, comple~e, comply with snd'~bide by each and wary tM stipui~tioiu„ apreemeMS,
caxlitian and covenants ie? said prom~iso~y nots and th;s mortgage set fwth. .
9. That in the evem the owncnhip of the mortg~ged premises, w eny part thereof, becomes vssted in a penon otMr than the MORTGAGOR, th~ ~
MORTGAGEE, its auccessors and auiyns, may, without ~ofice to the MORTGAOR, dcal with such successor w waceuor in im~resi with referenu fo this
mo.tyaye ~nd the dcb~ hereby secwed i~ the same manner as w~th Mortgagor witlwut in sny way vitiatinp or dixhuyirg the Mort9+por~' li~bility h~r?
under or upon the debt he+eby secured. No sale of the premius hereby mortgaged ~nd no fabearance on th~ paA of tM MORTGAGEE w in wttessas
w~ssigns and no extension of the time fw the psyment of the deb~ hereby secured yiven by the MORTGAGEE w ib wtteswrs ot assipns, aMll op~raN
tp rckase, diuha~ge, modify chenge w affect the origi~al liability of the 1NORTGAGOR hsrein, ~ifhe~ in whole a in parf.
10. It Is specifically agreed tiwt time is of the essence of this contract and that no w~iver of any obliyation hsrevewkr p of fM oblipatio~ as-
cvred Fweby shall al any twne thereafter be held ro be a waiver of the terms hereof or of the instrument secured h~rby.
11. In add~tion to the fwego:ng monthly paymants of princ'pal and interest rcquired by the promiuory oore secwed hereby,. mwt~agor townants
and agrees to pay to mortgagee with each monthty payrnent an add~~ional sum estimsted by mo?tgagee to be eqwl to 1/12 of the amual cotf of the fdlow-
in9~ - . : • .
A-All real property taxes lev~ed or assessed aga~nsf the above deuribed real estate.
B-Premiums pn, fire and windstorm ins~rar.ce as F~erein requ~red to be carried on the imprwem~ri sitwts on the above d~lbed prtmise~.
C-Prcmiums on sucR matgage guaranty insurar~ce as mortgagee ihall from t~me to time deem fif to prry on fhe loan secwed hereby.
Mortgagee shall (rom time to time notif~ mortgagor in writing of the amount dus and payabk h~re~nder and suth wm shsll thereupon be due ~nd
, payable on the due date of the next monthly paymenr and each successive month there+fter until mortqsg~e shall notify mortgagor of a chanye in wch
amount. Sucb sums shall be apptied by mortgagee toward the payment of real property taxes, inswante prem~vms, snd mortgaye gwranfy inwruw
premiums. _
IN WITNE55 WHEREOF, the said MORTGAGOR F?as hereunro set his hand and seal the day ud yeu fint aforasaid.
S'~IGed. Sealed a d deliver ih~ presence of: ~
? • n
~ - ~ ~ ton a. Sti'th ~
K~n
i .
; Marian B. ._Saitli~"
~ STATE Of ]oma PENNSYLVANIA _
E couNn of Iancaster ~ ~ '
defwe me psnonally appeared C1111tOQ B. S~th _
~Y~~1 B. $~i~th his wife, to me wtll knownl ~ '~ib' to b~
the individwb described in snd who executed the forsyoirg instrumsnt, and ~cknovrledped before me that th~y ~xeM~d.1~ ose~
r?K~QM .xP.K..d. n~d rt~ Mariatt 8. S~ith - - t
wife of tFw ..~d ~ Clinton B. S~~th
exsmination by me taken ~eparate and apart from fxr ssid husba~d, acki+owledged b~nd beforo m~ tMt sl+e e:earted: s~id ~
tarily and without any compulsio~, constraint, spprehension, or feu of w from he? wid husba+~d. . w~"" ,r, !r{~
WITNESS my hsnd and official seal this day of A uSt = d~ ~
. ~ _ s~'~~'~ _
~ Not Publit M ~nd fp •
~n
~ ' My ~ssia, .xpi.es: - . r ' . P.
c Retum To: • f ~ s~ s" ~t~~~
~ . /blJtl~liN'.
~ Fi~st Federsl Savings 3 loa~ Association r'
~ - Of Fort P~crce.
~ Fort Pierce, florida ~ ~
• . ~`~~.C.~(i
This Instrument Prepared 8y RpbgYt A. S~wisher Jr .
First Federal o vF rts P ~~e ~ FI,oM.dB a~
~~~i~tCOUN~ F~~-
q ; p,zRAS
RO:.:..
Checked B~ . ~ R ' CLEi~'~ c~-.cor couar
, --~K 243 ~~~E 995 AECOa~ Yctclfi~~ _ ~
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