HomeMy WebLinkAbout1929 3. io p'xe and conr~nvous~y keep on rhe bui:d~rgs now or hereafte? s~tuate on sa~d land and on ait rqu~pment and personaliy covered by this ma
agr, vv:rh all pren.:u~~~s thereon ~:a d in futl, firc• ins~rance ~n the usuat standa~d poi~cy (orm, in a sum approred by the MOR~GAGEE, and w~~~dsto
~r~surar,ce ~n ihe ~suai sfa:~d.,.d po:.cy form, in a w~n approved by ~hr MORTGAGEE, in such con,pany or compan~es as the htORiGAGEE m
dhru; and a1t i~~e ar:d w~ndstorm inw~ance pot~c~es on any of sa~d bu~~dngs, any interes~ therein or part thereof, in the agg~ega~e sum aloresa~d
in excess th•~reof, nh~ll :onf~~n the us~a1 sra~~dard mort9agee ciause or such other clause as ~he Mo~tgagee may requ~ro, maMmg thr loss unJa~ s~~d po
c~es. each and eve~y, pa;a~!e to sa~d MORTGAGEE as ~ts ~ntvrzs~ may appear, and each a~d every such po'~c~ shail be p~omptly ass gnrd end de~~verrd ~
any hcid by s~~d t; ORfGAGiE as f~nher s<curity to sa~d mortgage drbt, and, not less than ten (10) d~ys in ad:ance of the exp~rat;on oi each poGCy, to d~
Lrtr to s:,~d !.10R1Gi1GfE a renevval thereof, Iogether with a receipt for the premium of such renewal; and tnare shai~ be no iae or windsto~m insurant
placcd on any af sa~d bu~!du~gs, any inicreat therein or pa~t therEOf, un!ess in ihe fo~m and w~+h the loss pay~~le ~s a{uresa~d; and in the evero any sun
of money brco:nrs par.,b!e w~der such policy or poGcies said MORTGAGEE shaU have ihe opt.on to ~et~ive ar.d app'y the same on accoun(of the indabt.;d
ncss srcurrd h~r~•by pt to perm~~ said MORTGAGORS lo fCCcive dnd ui@ if W dny p=~rt thc:eof tor G:~~~.~t pur;,os:•5. v.~~~~o~f ~hr•.ur ~v.:~vi.~3 r~~i~.:a~
ing any eqv~ry. i;en or nght u~drr or by virwe of this mo:~gage; ar.d in the event sa~d MORTGAGORS shall ;or any ~cason fail to keep the said p~emisrs so
.nsu~_•d, or fall to da!~ver pra~nNtly any of sa~d {w~~uzs of insurance to said MORTG~GEE, or fali p:omp~ly to pay f~l;y any pre~ni~~n thcrafor w in a~y
ra;rcct iai! to perforn,, d~schar9e, execure, effect, compteta, cornp~y wi~h and abide by this cove~»n~, or any par~ hareo4, sald MGRTGAGEE may piate a.~h
pay fur s~c1~ insur.~nce or any part thereof w~thoul waiving or affecting any op~ion, lien, eq~~ty, or n~ht unde~ or b~/ virfue of this Mortgage, and tFee
tutl a~no~nt of cath and every such payment shall he immediately due and payable and shal! bear interest from tha date thercof umil p~Ed at the rate o1
e per cartum F;cr annu:n ~nd to~•_thc~ with such int~•rest shai~ be sccured by the lien of this !nortgage.
1. To permit, commit or suffer no waste, irr.pairment or deterioretion of sa~d property ot any ~art the~eof,
5. To pay all and s~nguiar the costs, charges and expe~ses, including a reasonabie atfor~ey's fee and cests of abs~rac~s of titte, incurred or paid a1
~~.y t~~r.e by si~d A10RiGAG'_E, because or in tt+e event of the fa~lure on the part of the said MORiGAGOR to duly, promptly and fully perform, d~scharge.
_.~c~te, efiect, ce~nple~e, comply wuh ar.d ab:de by each and every the s?ipulanons, agreements, conditions, and covenants oi said promissory note and ~his
,,asgaye a~y or e~ther, and sa:d costs, charges a~d expenses, each and every, shall be immed~ately dve and payab•.e; whethe~ or not there be not~ce d~
~,.:,•:d, a~t~~~~pt ro co:lect or suit pend~ng; and the fuU amount of each and every such paymem shall bea. interest from the date t6ereof until paid at the
o~ ~,;ne p_r c~~~z;u~n per Jl:il~::llj ~nd a!! said cos~s, charges and eapenses inc~rred or paid, together w~~h such iNerest, shall be secured by the lien ol thi~
rtiorlgage.
b. That (a) in the event of any breach of this Mortgage o~ default on th~ part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
~~~rCin referr~~ ~o b~ not promptly and fu~~y paid w:!hin th~rty ~301 days next aiter tne same severa'ly beco~ne due and payabte, without demand or notice,
o. ;Q in thr event each and every the stipulations, agreements, cond~tians and covenants of sa.d promissory note and th~s mortgage aoy w either are nol
i~~:y, promptty and futly cerformed, d.scharged, ezetuted, eftected, completed, compGed w~th and ab~ded 5y, then in e~ther or any such eveM the sa~d ag-
3•egatr su~n n~ent~o~ied in said prom~ssory note then remaining unpaid, with intere;t accrued, and atl moneys secured hereby, shall becume due and pay-
na c fcrthwith, or thercafter, at the opt~on of se~d MORTGAGEE, as fully and comp:ete{y as if all of the said sums of money were on9~nally sr,pulated
~c b< pa d on wch d:.y, anything in sa:d p~om~ssory note or in this Mortgage to the con~rary notwithstand~ng; and fhereu~ :n o~ thereafter at the op~~on of
~ d:'~ORTGAGEE, v.~thcut nor~ce or demand, suit at law w in equ~ty, therefore w ~hereaiter begun, may be prosecuted as if aU mo~eys secured hereby
r.,d ~netured pr~or to ~ts insfitut~on.
7. Tnar in ehe event that at the beginnir.g oi or at any time pend~ng any suit upon ehis Morfgage, or to foreclcse it, or to reform it, or to enforce
c-»~~enr of any c!a~~ns he•eu~:dar, sald MORTGAGEE shall apply to the Cou.1 having ~~nsd.ttion there~f for the appo~ntment of a Receiver, such Court shall
r;;.~h.vnh apE~o;nl a rece~ver of said mortgaged prop~rty aIl and singular, includ ng a~l and singu~ar the income, pfofits, issues and revenues (~om whatever
u•ce d~~~:ed. each and every of wh.ch, it being express!y unde~s~oad, is hereby m.or~gaged as if spec~f~ca~fy set forth and desuibed in the g~anting and
,e•~dv n c a,;ses hereof, and such Receiver shall have all the brJad and efiective tuncr,ons and powers in anyw~se entrusted by a Court to a Receiver, and
s.h ~~pc;ncmcnr shail be r-~ade by such Courr as an admitted equ~ty and a matter of absolure r~ght to sa;d MORTGAGEE, a~d wirhovt reference to the
:_~~.,~cy or in~dequao~ of t6e value of the property mo~tgaged or to the so.vency er ~nsoivency of sa~d MORiGAGOR or the defendants, and that svch
~,rs. ~.~of~rs, inco.ne, issues and revenues shall be appiied 6y svch Receiver accord~ng to the-rien or equity of said M(~RiGAGEE and the practice of such
CJUfi.
8. To duly, pro+•~ptly and (ui!y perform, discharge, execute, effect, complete, comply with and abide by eaci~ and every 1he stip~lations, agreemeNS,
-cnd~~~ons and covenanrs ~n sc~d promissory note and ~hts mortgage set forth.
9. Ihat in the e.•ent thc ownership of the mortgaged prem~ses, or any part the~eof, 6ecomes veste~ in a person other lhan the MORTGAGOR, the
.'~RTGAGEE, its wccessors and ass:gns, may, wirhout notice to the h50R7GAOR, deal with such successor w wccessor in interest wiih referente to thie
~ o~rg~ye a~ d~he d_ui hareby secured in the same manner as with tllortgago. w~thout in any .vay vit:ating or d~scharging the Jdortgagors' liability here-
,-der or upon th~ d~~t hrreb~ secured. No sa:e of the prem~ses h:reby mortgaged ar.d no forbearance on the part of the IAORTGAGEE or its successors
c~ ass~g~~s and nc exrers~on oi the t~me for the payment of the debt h~reby secured given by tne M.ORTGAGEE or its successws or ass:gns, a~~all operate
~o re~edze, d:scharge, mod~fy charge o~ afEect the oriy~nal liau.l:ty of the NORTGAGOR here~n, either in whole or in part.
10. It is spec~ficatly agreed that t~me es of the essence of this contract and that no waiver of any obi~gatto~ hereunder or of the obligaYwn se-
c~~r_d hereo,r sna:~ ai any time the~eafter be he!d to be a wairer of the terms hereoi or of thr instrumem secured herby_
11. In .:ir! r:c:~ ~o the fore9o n9 ~nonth!y paym°nts of princ pal and inrerest required by the p~om sscry ~~o!e secured hereb~, moriga~or eovenants
a ~g~_•cs ro ;~ay to :~~.o-syoyce v~~~h each month!y pay~. enf an adJ:r~onal sum est~„ared by mortgagee to be eqval to 1, 12 of the annual cost of the fofbw-
,~y: .
A--,a'i r~ai , rop^~•y tax?s lev~~.~'. or assessed agai~st th~ above descrihcd real estate.
6 Fr .s oc~ t':<~ end v+~~~dsro~m ~nsurarce as here~n req~~red to be carr~ed er. tne :mproveme~ts s~t~ate on the above descr~bed premises.
C- P: ~o:•.s o1 s,,ch morr~;oe guar3n•y ir.wra~~ce as mortgagee shall from t me to time deem fit to carry on the loan secured hereby.
j P.'or+~,~_e s~~ '-cm r~~~ir to t~me notify mc~tgager in writ~ng of the an-ou~t d~e and gayable hereundrr and such wm shail thereupon be due and
f .,.,b'•~ o~. fE,: a:arc• oi ~he nr..t :r.onrh:~ payment and eac!~ successive nonth thereaft~r u~:ti1 mcrtgagee sha!I not~fy mo~rgagor of a change in such
~ o.,nt. S~ch s,, ns s~ a.i i;e aYF:l~~~d by mortgagee toward the payment of real property tazes, insurancz prem,ums, a~~d mortgage guaranty insurance
~ . ~err,iums.
~ '::STtJE~S '::HERiOF, tne sa~d MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid.
gned, Seat and del" r ~n e presence of:
sLlGK.E"~tuGst~ ~ ~ • (Seal)
o n L. P att ~~aq
_ - •L~6.l~.~.~ ~ cseaq
Louise Pratt ~~a~~
S;ATE pF FLORIDA 1
St. Lucie }
_ ~U'JTY OF I
Before me persona~ly appeared JO~1T1 L._ Pratt and
Louise Pratt his wife, to me well know~ and knovvn to me to be
ind~v~d~a:s desu~bed in and who ezecuted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
«~ere~n expressed. Rnd the sa~d_ LOII1S@ Pratt ~
=e of rhe sa~a _ John L. Pratt , upon a separate and private
n nar:on by n,e ta<en sepa~ate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun-
end v.~~hout any compulsion, constraint, apprehens;on, q.~ear of w from her said husband_
~YITNE55 my hand and ofE~c~al seal this- day of Au uSt _ A. D. 1972
~x ~ - ~
/
, Notary lic in and for th tate'of Flo da at Large
My Co iss~on expi~es: - G~ ~ 9~_--~
~ Retvrn To:
Fvst Federal 5~~~~gs 3 loa~ Assoc~aron NOTARY ~UBlIC STATE OF FlORIOA AT LARGE
MY COSJIMISSION EXPIRES AUG_ 6, 1978
Fo.r P~_~ce. F~c~,da GENERALINSURANCEUNDERWRITERS~If~iC~
f~`E9 AN~ RECUROED
S~.lUC1~ ~C~UKR~SLA ~ `J
This,lnstrument Prepared By :.I. H. RObeYts~ Jr. ad~r ~pUii7
First Federal Savings & Loan Association C~E?!• {
RF~~L~~ Jc s'.0
cf Fort Pierce ~ Florida 33450
puc 29 919
Checked BY
_ ~ 236351
B00lt~ P116f~~~ ( 1t,)
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