HomeMy WebLinkAbout0497 J. To pl~ct •nd con~inuously k~~p on ~M bu~:ding~ now w her~ai~~. ~~tu~N on ~~~d land and on alt equipman~ ~nd p~rwnally covertd by thts mptp~
p~, with all premiums thercon pa~d in ful~, lire in~uranc~ in the_ viusl ~'finaard poiicy fam, in • sum ~pprovtd by Ihe MORiGAGEE, ~nd windstwm
in~uru~c~ I~ ~h~ uswl ~t~ndard po1,q twm, in a ium ~ppro~ed by tM MORTGAGEE, in ~uch comp~ny w canpanie~ a?F+~ MORiGAGEE m~y
du~tl; ~nd atl (ir~ ~nd windsro~m inwra~t~ polici~i on ~ny of ~~id buiid~np~, ~ny int~n~l thtrein or pa1 tMr~ol, in tIN a~yrep~l~ wm aloreNW a
in ~xc~u ~hersof. ~hall con~ain ~he v~u~t standud mat~yN ciause a iuch o~Mr daus~ ~t th~ Mor~y~y~~ may ~pvu~. m~kinp tM Iws w?d~r sad poiF
ciy. esch u~d evay, payabN ro iud MORiGAGEE a~ ~ts interpt may appea. ~~d each and eve?y i~ch poiicy ~hall b~ p.omp~ly ~u:qn~d Md C~f1ivNld ?o
~ny heW by s~id MORTGAGEE ~s fu.tFa~ ~ecurity ~o tsid mottp~~ debt, and, nW I~s~ ~M~ tan (101 days in advanc~ ot tht ~api~~tion of ~ach po1Ky, to dr
IivN b Nid MORTGAGEE a r~wal tMreof, topalwr w~th a r~c~ip~ fa th~ pr~mium oi ~uch r~newal; ~nd ~here ~hall b~ no (u~ or windstam inw~u+u
ptaad on u~y o4 ~a~d b~ildinp~. ~ny ime~es~ tha~i~ a pa~t ~F+e~eo}, unl~ss in ~M fam ~nd wi~h tM lou payabl~ ~s afo~~~~~d; ~nd h ~M ~wm any ~wn
of nwnay becorn~~ payab~~ w~der wch policy w polKies aid MORTGAGEE sFuN Mw ~M option to receiw ~nd ~pply ~M su~.e on accwM of tM indebted~
neu s~cured her~by a ro pKmit ~a~d MORTGAGORS ~o rec~ivs aod uw it p•ny pu~ rhereol fo. o~hc~ pu~po~ei, w~~hout IA3~E0/ wai~inp or ~mpa~-
inp a+y eqv~ty, ~ien a rghl unde~ w by virtw ol this morspp~j ~nd in tFw ~v~nt said MORTGAGORS sMll for ~ny reafon f~il to kHp tFK aid p~miss~ a
iniur~d. o~ fa{I ro d~liver pomptly ~ny of uid polKi~s of inwrs~+c~ to s~id MORTGAGEE, w tail p~ompHy to pay fully azy premivm therefor w i~ ~~ryr
r~ap~ fail b pa(wm, diuMrys, ~xecur~, eff~, complere, comply with ~nd ~b~ds by ~hi~ cowna~t, a~ny part her~oi, said MORTGAGEE rn~y pl~ce ~nd
pay for tuch inwr~ w~ny p~rt thsrwf witho~t wafvinp o~ ~If~ctinp any optiw~, ti~n, puity, w right vnda o? by virtw of this Matya~e, ~nd the
fvll ~moum oi sach a+d ~Yay ~uch payme~~ ~Full be ~mmediat~ly dw and payabl~ ~nd shall bear i~tatst from 1he d~t~ Ihereof w?til paid at th~ rat~ ol
nirr per cenrum pe~ annum and togeiher wi~h such interest shall b~ utured by tt+~ lifn of thi~ mortyape.
1. To psrmit, cpnmit or ivfiar no wa?ts, impairmem a deteriontion of aaid propaty or any parl thertof. ~
S. To pay alt a~+d sinpulu the costs, charpes and e:penses, inctudinp s re~son~ble ~nw~ey's fee and co~ts of abst~acn o( titl~, incwred w paid ai
~ny time by uid MORTGAGEE, bec~vie a in the event oi tM failure on th~ part of tM said MORTGAGOR to duly, promptly and fully p~riorm, d~xhu~~
execute, eftec~, compkte, ca+~ply w~th and ab~de by exh and every 1he ftipul+tions, ~greemero~, conditiont, and covenants ot seid pomiswry not~ and tFw
mort9p~ ~ny w e~~he?. u~d sa~d tosts, charges and expenses. each a~d wery. iM~l b~ immediately dw and p~yaDte: whether w not ther~ bs no~ice d~ ~
mand, attempt to colkQ a suit pend~ng; and ~h~ full amovM of each a~d t~ay such payrrkm thall bea. interes~ from tM d~N ~F~reof until pid N tl+t
rare of n~ne per centum pe~ ~niwm; arw alI uid cos~s, charges and eYpe.v~se~ incurred a paid, topether w~ih iuch interest, sF+~ll b~ secured by tM lien of tFw
matya~.
6. That in ~h~ ~vtM of any brsach of ~his Matg~ge w daf~vlt on tM pan of 1he MORTGAGOR, or (b) in the sve~t any of ~a~d t~ms of ma~ey
herein ~efernd to be not ~xomptly ~nd fully paid within thirty (30) days next after the same seveaslly be~cpne dus ~nd p~yable, without demaK! or ootiee,
or (c) in tM evero each ~nd every the stip~rlations, sgreem~nts. conditions and cove~ ~nri of sa:d promiswry note snd th~s mortpay~ any a ei~her a~ no1
luly, prompNy snd futly pertwmed,. d~xMrged. e:etuted. OIiK~!<J. completed, compfed with and abided by, tlxn in eithe~ a any s~ch tvtnt tM s+id
pregafe sum rn~roioned in s~id promissory note then remaininp unpaid. with inte~esl accrued. and ap moneys setvred hereby, shall becom~ du~ and p~r
tbt~ fw~hwith, w thsreafter, ~t the option of sa~d MORiGAGEE, as fully and compktely as i1 all of the said sums of mon~y vrer~ pigina~ly ttipulated
to be pa~d on svch day, anything in se:d promifswy note or i~ thit Morrgage ro the cont.ary notwithsund~ng; and therevpon a theresfter ~t tM option o(
uid MORTGAGEE, withouf notKe w demand, suit at law a in equity, therefwe a therc~f~er begun, may be p~osecuted ~s if •11 montys satured Mrtby
had maWred pr~o~ to its institution.
7. iMt in Ihs event that st the beginning of a at any time pend~ng any su7t upon this Mortgage, o~ to foreclose it, oc to reform it, or to ~nforp
paymant of a~y ctaims herev~der, said MORTGAGEE shall appty to the Cov.t haviny junsd~ction Ihereof fa the appo~ntrtiefit'of'TR~tdwr`, fdd~ Court tiull
fwthwith appan/ a receiver of said mortgaged property all and sinyular, includ~ng all and singular 1he intome, profAS, issup ~nd ~warwy from whatever
sovrce derived, each and every of whKh, ir F,rcng ~xpreuly unders~ood, is hereby mor~gaged ~t if specifically tel fa~h and de~cribed in fhs prsnting and
habendum ct~uses hereof, aeid wch Receiver ~hall have •tl Ihe brwd •nd effeaive f~nct,ons and powers in enywise emrusted ~?y ~ Covrt to a Receivcr, and
avcli appointment shall be made by such Court as an admitted eqvity a~d a ma~ter of abso?ute riyht to wW MORTGA6EE, ~nd without reference ~o iM
sdequaty a inadepuaty of the vatve of the ptoperty mortgaged or to the wwency a inso:venty of qid N10RTGAGpR u tM defendanri, and thit such
rents, profin, income, iuues and revenues shall be applied "py such Rcceiver accord~ng to the lien w equity oi uid MORTGAGEE ard ths p~actita of tuth
Court.
! 8. To duly, p~ompNy ~nd fully perio.m, dixharge, execute, effect, complete, comply w~th and abide by eacF~ and every the itipul~tions, precmenb,
~ cond;t;ons and covenanrs in aa~d promasory note ~nd ~his mortgage set fw~h.
9. TMt in !he event Ihe ownership of the mortgaged premises, w any part thereof, betomes vested in a person other than the MORiGAGOR, the
I MORTGAGEE, its successors ~nd assigos, may, withou~ notica to the MORTGAOR, dea! with suth successa a successo~ in iMeresl with referente to this
j matyage and ~he debt hNeby secured in the same mannet as with Mortgagw withovt in sny way vitiatin~ or d~scharging the Mortpsgort' liaciliy hera
I under w upon the debt hereby secured. No sele of the Frem~xs hereby mortgaged and no fwbearance on ~he p~?t of the MORTGAGEE w its successon
w ayS:gns and no c:rension of tF?e time fw t1+e paymeM of the deb~ hereby ~ecwed•9iven by ~he N10RTGAGEE or in s~cce:sas or ass~yns, ?tvll opera~e
ro releue, d~scharge, modify change or affect the wig;nal l;abil~ty of the MORTGAGpR herein, either io whole or in part.
~ 10. h is spccifKalty agreed that time is of the euence of this contrad •nd that no waiver of ~ny obligatan hereunder or oi tl~e oblpatio~ ~e-
~ cured hersby fhatl ~t any tims there~fi~? be heid to be a waiv~rr of ths terms hereof or of the irotrument secured h~rby.
I 11. In add;tion to the forego:rg monthly payments ef prtnc'pal and imerest required by the p~om~ssory no~e aecured hereby, mortgagor eovenants
~ and agrees to pay ro mortgapee with each monthly p~yment ~n addirional sum estimated by mortpsyee to be equat to 1/12 of the annual cost of the folb'rr-
ing:
f A-All real properfy taxes lev~ed w assessed against the above described rea! estate.
{ 8-Prem~~ms on fire snd windsrorm insurance as herei~ requ;red to be cerried on the improveme~ts s~tuate on the above dacribed premixs.
~ C-Premiums on such mortgsge guaranty insurar.te as rtWrlgagee sha1) from t~me to time deem fit fo tarey on ~he loan secured hereby.
I Mortgagee shall frora time to time notify mortgagor in writing of t!!e amount d~e and payable herevnder and such sum shall thereupon be due end
; payable on• the due dare of the ~xt monthly peyment and each successive momh therc+iter urtii mongsyc~ sha~l rwtify mortgagor of a cherge in such
! amoum. $uch wms shall be app(ied by mortgagee roward the p~yment of real property taxes, insurance prem:ums, and mortgage gwranty intwance
f premiums.
~ IN WITNESS VYHEREOF, t• said MORTGAGOR has hereunto set his hand and seal the day snd esr. first fwesaid.
' Siya nd s' red in ~e presence of: ~
k ~ ~
pa x. x bi
~ ~ ~ s ~
~ ~ - ~nnesui~ ~;~~C~. R8•I~e~d~i-~3e, i'a.IE335 ...,;;;;s ,L~o
~
' sTnTe oF ~ Penna.
couNn oF ~ ss. y . - . . : . -
-~:~=at~r,~`3 ~ ~ - ,
. , , „
Paul li. Horrobin ~ ` ~
Befwe me p~rwnall ~ppeared ~ . . ' ~ and
~ ~I18 K~ ~orrobin his wite, fo mt wsll.'k ~ • ^ • , . -
~~o~tif~yr~ 1~!o~vi1 to ~~a! A be
~ tFw ind'rvidwls described in ~nd who executed the faeyoirg instr~rt~nt, and ~cknowled~ed ~xfwe me that they ex~t~. ~~y
~ there+n expressed. And the s~~d Tlnnrfn M Anrrnt? jj~ ~
E rrife of tM said - Panl 1~_ i~errn?~1n I~~~
~ examination by me tsken separate and apart irom her said husband, acknowledyed to and befo~e me that slx executed ~said iip(ro~b?,;~I~e:a~ ~yp~un•
f terily and without am compulsion, cantraint, ~ppret~ension, or fear of or from her said husband.
~ WITNE55 my hand and official seal tFci•--~~,7-'~~ d~y • j •.J~-r-- ~~'~A, Q,•`~9 ,~~6
~ .t-
' ' r,~'7 . J~ lU^t. ' _
.
) , _ ' : t L~ ~ ` •V Notary P iQ[ :4t:~QK~(i~l4~l i nP a,
Return To: My Comm~ss:on ~ pi 1-12-$0
1.',_::., : , i'c.r:no. 16335
Fint Feder~l Savinps 3 toan Association
O( forf P;erce. COrtl~Y.ia~lOfl tXplfE:S ~-~Z-80
f
fwt Pierce, Florida
This Instrument Prepared By Ga2'y 14. Dobbs ~
First Federal Savings & loan Association
of Fort Pierce ~ Flol~id8 :T
LUCR ? OUMTY FLA.
ROCE : P!ItTR~S ~ )0~1.8
Chetked By Ct~RK ~ ~~GUIt COURT
REC~"C YE~~ FIED -
^ ~IIIIY 1 v ~7 3x lin ~~0 .
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• ~ ~ - ~~t~ 4
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