HomeMy WebLinkAbout0496 J. To pl~c~ and comiouously keep on ~M fw~ld~ng~ now or he~ea(~N u~w~s on ~ud i.~d and on •11 eq~~Pmem •nd p.r~slly cov..d by ~hts mo«p~
~p~. wi~h ~I) premi~m~ thereon pa~d in full, fire insuranc• in the usuat uandard policy lorm, in a ~um •Pp.o~.d by tF?~ MORTGAGEE, ~nd wi~ds~am
in~w~nc~ in tM usu~l i~~nda.d {,ol~cy lam, in ~ ~um approved by tM MORTGAGEE, in such company or co~+pan~e~ as tM MORiGAGEE m~y
dinuj and ~II (ir~ ~nd w~nds~orm ~n~urance pol~ues on any ot ~a~d bvild~np~. ~ny fn1~r~~t tM~ein o~ part IFwr~of, In (M a~fl~~if iVT ~IOffN~ 01
in ~ac~u ~he~wf. sMll conain ~M uiual ~tandud ma~yapN clauk w~uch other clau~ at th~ Maty~N may requu~. makinq tM bs~ undN u~d potF
cis~, each ~~d ~very, payabi~ ro s~id MORTGAGEE as its in~erat may app~a?. ~nd e~ch ~nd ev~~y ~~rth policy th~ll b~ promptly us.yn~d and d~livKed to
u~y held by uid MORiGAGEE H(urtAN ~etutity to s~W mw~9~~~ dsb~, ~od, not I~u ~Me ~~n p0) d~ys in adwnc~ o( tM expiratiw~ of euh poGCy, lo d?
IivN to w~d MORTGAGEE • rMew~l tFKrto(, Io~e~hK wifh a r~ceipt fw tM prN++iwn of ~uth re~ewalj a~d Iher~ thail b~ np 1ir~ a winds~wm inWrant~
~ p1~t~d on ~n~ of ~aid b~ildinps. any in~K~~t Ihe~t~n a p~rt IMreof, ~nl~u ie tl?~ (orm ~nd with tM loss p~yabl~ st afa~saids +~d in tM ~vMt am ~wn
of mo.wy becom~i payable unda wch polky a pol~cies uid MORTGAGEE ~hall Mv~ ~M op~~or+ to receiv~ and apply ~M ~am~ on account of th~ i+.d~b~~
n~f~ tetu~~d Mrtby or 1o pnmit f~id MORTGAGORS to rKei~e and uf~ i1 a any part thereof fw other pu~posef, ~vithout ~he.eb~ waivi~~g pr unpair-
Inp a~y equiy, li~n a riyhl under a by virtw o} this mortyay~; ~nd in tM ~ve~t sald MORTGAGORS sMll (w ~ny reawn fail to kaep the ~~id pr~re~i~ea so
kuu?~d. a t~il ro d~livar p~omp~l~ any of said po1K~e~ of inwr~nc~ Io ~~id MORTGAGEE. w faiS promptly to pay tully ~~y premium therefor a In ~ny
rnpM fail b pKiwm, d~uM~ge, ~xecua, e(f~N, compl~ts, comply with and ~bid~ by this covenanL a sny par~ h~reof, said MORiGAGEE may pl~ce and
paY (a ~uch inwrancs w~ny pa?t ~h~reof wi~hout wslvinp a~ffcceinp ~ny option, lien, equity, o~ riyht under w by virtw of this Mat9ps, and the
full amoun~ of eath and ~wry ~uch payment shall be immediately dw and pay~bla ~nd thall bear interesl from ths dat~ the~eof until paid at tM uH ol
~iM pK centum pN ~nnum and ~ogethe~ with iuch interest sMll be secured by tM lien of thi~ mwtpage.
1. To pamlt, tommit w iuff~r no waste, impai~ment a deterioration of ~aid p?operty p any pu1 the?eof.
S. To pay all ud sin~ulir tM cost~, thar9es u+d exptnsss, includiny a reasonsble attwney'~ fee ~nd cost~ of ~bstrads of titl~, innr?red a p~ld ~t
~ny ~ime by sa~d MORiGAGEE, because a in ~hs even~ of ~hs tailwe on tFw part of ~i?e uid MORTGAGOR to duly, promptly ~nd fully perfwm, d~uhuq~
txecute, e(fecf, complet~, comply with and ab~de by exh and evsry ths stipulations, sgreanents, conditioru, ~nd covtnants of said promiisay nots and thi~
mort9ay~ u~y w eirher. and sa~d cos», cMrpes and ~xpe~sa. ~act? and ~very. ~hall b~ immediately dw and payabte: whe~her a rat ~Mr~ b~ no~ice dr ~
mar?d, anempt to colltcl o~ suit p~nd~ng; and the full amovnt of each and erery sutF~ paymeM iAsll bea. fnteresl from IM d~t~ fMreof until p~W ~t the
ratc of nine per crnrum per en~ium; end all said costs, charflea and expenset incurred or paid, togethe~ w~~h tuch interesl, ihall b~ sec~red by th~ li~n of thu
rtartp~.
6. That in tM w~nt of ~ny breach of this Mortyay~ w defautt o~ the part of the MORTGAGOR, a(b) in the went ~ny ot s+~d s~ms of mone~
herein r~terr~d to be not promptly and fully paid within th~~ty (~0) days neal after the sam~ severally becwrk dus and payabk, wilhovl dtm~nd o~ notice,
or W in the ewm exh ~nd ~very Ihe itipulatioru, agreemenb, condi~ions ana covenants of sa~d promiuory note ar~d th~s mortpap~ ~ny a either ue no1
~ly. prompNy and fully performed. d,uharyed, executed. ~ffected. complsted, compl:cd with and abidcd by. lhen in e;ther a~ny i~ch wtnt tM sa~d p~
pregate sum mentioned in s~id promisswy note ~hen ~ema~~i~p unpaid, with interest acuued, and sll money setured hcreby, shall become dw ~nd p~y-
sb~e fathwith, w theresfter, th~ option of sald MORTGAGEE, as fully and complefely as ii atl of the ~aid sums of money wer~ oriyinatly ~tipulNed
ro be pa~d on such day, anythinp in sa~d p~omissory note or in thia Mwtga~e to the cont~ary no~wi~hstanding; snd thereupo~ a thereafts~ ~t tM optwn oi
said MORT6AGEE, withovl notic~ or demand, tvit at ~aw a in equ~ty, ther~for~ p thereafter begu~, may be prosrcuted at i1 all mpKy~ Ntur~d hKeby -
had matured pnor to ~ta insti~utan. .
7. That in the event that at th~ beginning of w at any time pending any w~t upon this Mortgage, oa to forecbse it, o~ to refam M, or to ~nforu
p~ymen~ o( ~ny claims he.eund~r, aid MORTGAGEE shatl apply to ~he Court havirg juri~d~aion thereof for the ~ppointrt4Af-of'i'R~eiv6i, stid? Cowt shall
fathwith sppoint a receiver of said mortgagetl property all ~nd sinyular, inctud~ng all a~d singular the income, profits, iuue~ and rwerwN fron? wMtever
wurn derived, eath ~nd every of which, it beinp express!y unde~stood. is hereby mortgsged at if tpetilic~lly set fath and despibed fn tM pr~nting and
hsbendum cla~rses hereof, and such Raeiver shall havs all ~he br~ad and effective iunct~ons and powen in anywise emrutfed by a Couh ro~ ReceFva, and
such sppointment shali be made by such Cou~t ai an admi?ted equity snd a m+ne~ of •bsolute riyht to said MORTG/1GEE, a~d witAouf reference w the
adequxy w lnadeqvacy of ~he wlue of the p.operry mo.~g~ped or to the so+ve~cy or ;nsot~ency of said NWRiGAGOR a tM defendana, and ~hat iuch
re~ts, profits, income, iuues ~nd revenuei shall be ~pplied by such Receiver accord;ng fo tM lien a puity of said MORTGAGEE and tFN pr~etice o( wch
i Court.
8. To duly, promptly snd fully perfwm, dischsrge, execute, effect, complete, comply w;~h ~nd ~bide by ~ach ~nd ~very tM stipulat'ans, ~greemenU,
~tions ~nd covenants in sa~d promissoay note and thii mwfpsge xt fa~h.
9. Th~t in the event the ow~ership of the mortgayed premises, or any part thereof, bccomes vrated in a penon other 1Mn fM MORTGAGOR, tM
~ INORTGAGEE, its successors and sssigns, may, w~rhout norice to the N{ORTGAOR, dcat w~~h such tucc _ o~ succe~sor in interest wifh ~eferente to ~hii
j matg+ge and the debt hereby secured in ths same maruur as with Mortgagw without in any way ~ o: d~uMr~ing tM Mortg~gwt' liabitity hera
j under or upon the debt hereby secured. No sa~e o( the Fremixs hereby mortgaged ~nd no fo~be~r• p~rt of the MORTGAGEE w it~ succeuon
~ or sug~s ar,d no extension of the time far the paymem of the debt hereby ucu?ed ~ yiven by ~he w ia succeswra or ~upns, shall operat~
ro rNease, d~scharye, mod~fy change a aHect the wi9inal liability of the MORTGAGOR her~in, either ' a in pirt.
~ 10. It is spec~(ically ay?eed tMt time is of the essence of this contrad ~nd that no w~iva o( sny-ebf'qst~on h~rsunder or of Ihe oblipation se-
4 cvred F~ereby shdl at any tims therraft~r be held to be • waivsr of ths t~~mt hereof a ol tFw imtrum~nt secw~d h~rby.
I 1. In add~Gon to the fpego:ng moothly pa~ments of princ'pal and interest rcquired by th~ prortwtsory ~te tecured hereby, mortgago~ coverN~ta
and agrees to pay to mprtgayee with each monthly payme~f ~n addirional sum estimated by mortpay~e to be eqwi ~tp 1/12 of the annval cost of the follow- a
ing: '~t
A-AU real property taxes tevied or assessed against the above desaibed reil estste. ~
B-Premiums on fire and windstorm insurance as herein requ:red to bc carried on the improvements situate on the above described premises_
C-Premiums on such mwtgage guaranty insuraate as rtwr/gagee shall from t~me to time deem fit lo carry on the loan secured hereby.
Mwtgagce shall irom time to time no?ify rtwrtgagor in writirg of the amou~t due and p~yable hereunder and tuch sum shall thereupon be dve ~nd
payabte on the due dafe of• ~he next monthly paymem and each svccessive month thercafter umil mwtyagee shall norify mortgsgor oi • chsr?pe io wch
amount. Such sums sha0 be applied by mortgagee toward the payment of resl property ta=es, i~surance prem:ums, ~nd mortgsge guara~fy irounnce
premiums.
IN WITNE55 WHEREOF, t e~aid MORTGAGOR has Fureunto xt his hand and seal the day a~d ear firat iwesaid.
Sipo nd e' ~red in e presence of: .
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~ pg x.x oi ~
n ,n
~ _.~r:~ '
2' 33 5 ~nna ri. nvrrooui
f~nnesu~ ~eke•t~~•:~~~d•ri-~-3e.Pa.l6 K--~
sTnTe oF ~ Penna.
courm oF -t~^~w~~C'3 - ~ . ~ . _
. -
Paul K. Horrobin
6efDonna r~'I. ~iy ~ppe,.~a = • J ' . . , .na
Horrobin his wife, to me w~11.1inoYri?`ie~4nqwK~d ti~ A b~
th~ Mdividwls described in u~d who executed the forepoirg instrunent, and acknowledged before me tMt thep exeGkt~d-t1» ~anN fw.-th~'.p~rpose~
therein ~xpressed. And ths ssid iln~nn 1~1~ Rn~~ j~ - -
. - T ~ ~...y. ;
wite of ~he ss~d _ Panl M_ Hnrrehi n ~y~"~~
examination by me bken ~eparete and apart from her said husband, acicnowledged to and befw~ me that the execvted~ssid by(rl,njwe~T.fr~ly:~.Yp1~HF
~ farily ~nd without any compulsion, constr~int, appreF?ension, a feu of or (rom her said husband. ~ L ~ t
i WITNESS my hand and officia) seal tbis___~~~ day `t I• ~i ~•~A, ~~•~9 ;'~v
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r.~, „ s.";' ; ~J, Ncr._ . -
~o~~ F..~~~ Not~ry P ~tx~~x~m~ inPa,
' j ' My Commiuion t pi
Return To: 1-12- ~O ~
J.':;._:..: f ~i;~+o. 16335
fint federa) Savir?ps 3 loan Associat~on '
Of Fort P~erce. COtflil"'~ii.stOll CXRIf63 ~-~Z-80
Fotf Pierce, Florida y
This Instrument Prepa~ed By G81'y T~l. Dobbs
First Federol Savings b Loan Association -
of Fort Pierce~ Flol'id8 ftLEO ~M9 ~:ECORDEO
Checked B ~ 5T. ROCE. Ta s~~. 3•
i~~~1_8
y~ REC~RD YE~~ FIED COURT
u_ ~ n n •-r.. .
nor ~v ~ 3z an ~~o
. , • ~~~O~~~Act~- 4~
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