HomeMy WebLinkAbout2865 3. To p.~ce a~d contfnuously keep on the b~i'dngs now or hereafter a+t~ate on sa~d land and on ali equipment and personalty covered by lhis mor
n9r, w th all preouu~~,s ~h~reo~ ~~a d~n full, fire inswa:ua ~n ~he ~svai sr,~~da~d pol~cy form, in a sum appro~ed by rhe MOR(I,AGEE, and w~ndsto
~~~wrance in the usual s+a:+da~d po:.cy fO~m, in a sum dpprovrd by Ihe MORTGAGEE, in suth company or Companies dS the AtORit3AGEE m
c+•r~cr; and all fi~e and w:ndsfcnn insurance poGUCS on any of sa~d buiid~ngs, any interest therein or pa~t Ihereof, in the aggrega~e sum alo~esa~d
,n excrss th,r~of, sF,a!{ :onr,,,n thr ~:v~l sta~tdard mort~aqc~ ~?ause or such other clause as the Mortya9re may requ~ro, ma?ing the loss undrr s.~~d po
: r s, cach and c+.e~y, pa, ~5'x to sa~d A10RTl'~AGEE as ns intcrest n~ay appear, and each and eve~y such po:~cy shaif be promptly ass gnrd a~~d de~ivered ~
~n,r held U~ s~:d t.tORi:.AG~E as furiher secur~fy to sald r„o~tgage dra~, and, not less ~6an ten (10) days in ad.ance oF the eapi~at~on oi each policy, to d.
.er ~o ss~d :tORiG:,GfE a rrnr~ral tl~eieof, foge~her with a rece~pt for the premium o( such renewa~; and there shall be ~o f~re or wJnd:to~m inwranc
,'~ced 4n any of s.~ d bu'r:d~~~ys. any ~nt~rest there~n w part thereof, ~olrss in the form and with the loss payable as aforesaid; and in the even! any sun
n:oney beco ncs pay,5:e undrr s~cfi pot;cy or poGGes said MOR~GAGfE shal! have the opr~on ?o rece~va and app!y the same on account of the indebRd
ss secw~d he~eby er ro pen„~t s~~d h10RTGAGORS to reecive a~~d use it or any pa~t ih•~:eo1 for e:n~ r Hur~ os~•s. .•:,H~out ~h,~~ b; w:~•+~.,~ ~r ~•~:pal~
.~y ,ny Equ~ty, Cen or r~ght und~~~ or by virwe of this morrgage; and in the event sa;d MORTGAGORS shali for any reason fai! !o kcep the sa~d premisrs so
~~s~~~d, or fsil ro dr:~ver ;~,o+n+>t~y any of said poGues of inwran~e to sa:d MORiGAGEE, or fa~I p:omptly to pay fuity any pre~»~.,~n therefo~ or in any
r~~s~:ect iail eo pe~(orm, d~s.harye, executr, eifet~, canpletr, co•rply wiih aod ab~de by this coven~nt, o~ any parf ha~eof, sa~d MGRTG~.G~E may p+ace a•~o
; f~r such ins~r.,nce o~ any part tha~eof w,~rhouf waiving or affecting any opnon, ?ien, equ~ty, or ri~ht unde* or by virtue of ihis Mariqage, a~d thc
i~!i amount of ea<h and e~ery such pay~nent shall be immediately d~e and payaole and shall bear entcr~st from Iha date thcrcof until p~id at the rate of
,e p~•r c<~nr~~n F.er annu•n .,nd to~etF~~r ,nith sucn inrer~st shai~ ~z s~~cured by the lien of this mortgage.
4. To permi~, comm~t w wffer no waste, impairment or deteriorat~on of sa~d prope~ry or any part thereof.
5. To pay alt and singu?ar the cosrs, charges drtd expenses, indudmg d reasonab~e attwnzy's fee and costs of abstracts oF title, incurred or pnid at
n,.e by s~,d h,GRtGAGEE, because or in the event of the fa~lure on the pari of the said h10RiGAGOR to duly, promptly and fully pcrform, d~scharge.
.cwtr, afieo, con,p,~re, canply w~th and ab,de by each and eve~y tRe stip~tauons, agree~nents, cortdit~ons, and covenants of said promissory oote and th~t ;
• o~igage any er e;~her, and sa.d cosrs, charges and expenses, each and every, shali be immediately due and payable; whether w not there be not]ce d~
•~~d, arre~:•p> >o co::ect or suit pending; and the full amount of each and eyery svch paymeM shall bear interest (rom the date thereof until pa+d af !he
~~~~~e per ;.~~r om~u•,; and a~i su;d costs, char~as and exprns.s irxurred w paid, togzther w~th such inte:est, ~hall be secured by the lien of th~~
~r.crrgage.
6. Tha~ (a) in the event of a~iy breach of ~his Vlortgage or default on ttw part of the 610R~GAGOR, or (b) in the event any of sa:d sums of money
~~ein refen~•d to be not promE~tiy and futty paid w~rhin th,rry (30} days neat airer the sa~ne severa'!y become due and payable, without demand or notice,
_•.c} in the eveM each and every the stipulations, agreements, cond~c~ons and covenants ot sa d promissory note and th~s mortgage any or either are nol
~.:'v, ~ romp~ty and iu~ly perio~~T~ed, d~scharged, ezecvted, effected, completed, complied v.~th and ab~ded 5y, then in either oi any such evem the sald ag
r~n•e wm meni~oni~ ;n s+~d promisso~y note thrn remaining unpaid, with i~tere,t accrued, and a:f moneys sec~red hereby, shall become d~e and pay-
icrthx~rh, ur rhereafrer, at ~he op~~on of said h10RTGAGEE, as fuity and complete~y as ii all of ~he s~id sums of money were ong~na;ly st~putated
F~.~ei on s~ch d„y, an~rh:~+.g in sa.d prom~ssory note or in this Mortgage to the contra~y notw~thstand~ng; and thereupon or thereafter at the opt~on of
.3 .'.OQTvAGEE, .,rthcut no~,ce or demand, suit at law or in equity, therefore w thereai~er begun, may be prose:uted as if all moneys secured hereby
r..d ~:~ar~reJ pr~cr to ~ts insut~t.on.
7. Tf,sr ~n rhe event thaf at the beginn~ng of w at any time perxfi.ag any su;t upon this Mortgage, w to foreclose it, or to reform it, or to enforce
,,:m~nt o1 any c,~[~~s hereund_r, sa~d MORTGAG~E shall apply to the Co;,rt having ~ur~sd:ct~on the~eof for the appoiroment of a Receiver, such Court shail
'h.•.~!h a~ ~;:,nt a recriver of said mortgaged properly ali dnd sing~far, i~clud.ng a(1 and sinqufar the income, prohts, issues artd revenues lrom wh~tever
•ce denved, eac}, and every of wh:ch, it btin~ express~y understood, is hereby morlgaged as if specif;~ally set forth and desuib2d in the granting and
~:1um ca,,xs hercof, a-~d such Receiver shali have a!1 the bread and efiecr;ve funct,ons and powers in anywite emrusted 6y a Couit to a Receiver, and
,3F:uo[~:tme:~+ shj~t be rnrde by such Court as an ad~nit+ed eqv~ty and a n:atter of absot~te right ro said h10RiGAGEE, and withoul reference to the
a:_t~ or inadeq~ac~ of the va!~e of the p~operty mortgaged or to the so~vency or inso:Lency of said MORiGAGOR w the defendams, and that Such
~ •s Hroi:ts, inco.ne, iswes and revenues shafl be appGed by such Receiver accord~ng to the lien or equity of said 1dORTGAGEf and the prattice oi such
c~:,~r.
8. io d~'y, prempt;y and ful!y perform, d~sct~arge, execuee, effecf, complete, con,ply w~th and abtde by each and every the stiputations, a9reements,
~.d~~iens a~d ccvenann ~n sa~d promissory note and th:s mortgage set forth.
9. That in t4~e event fhe ovrnership of the mortgaged premises, or any part thereof, 6~mes vesred in a persort other than the MORTGAGOR, the
:'RiGAGEE, in suuesson and ass~gns, may, w~rhout nor~ce to the ~~10RTGAOR, deat wi~h suc6 succeuor w successor in interest with re(erer.ce to this
!as~e a:~.d ti,e d~bt here5y secured in the same manner as with Morlyagw without in any way vitiating pr d~scharging the Mortgagors' tiability here-
1_•r c~ ~Fon rhe d-•;r h~rrby se,u~ed. No sale oF the Frem;ses herety mo,tgaged a~d no forbearance o~ the part of the /11QRiGAGEE w its successors
,ss:~~s a:.d ~o exr~rs~oa of she hmC for the payment of the debt hereb~ secured given by the MORTGAGEE or its successws or auigns, a~iall operate
_~se, dscharge, mod~fy change or affect the orig~nal liab;l~ty of the M.ORTGAGOR herein, either in whole or in pa~l.
10. tt is s,^,ec tfcaiiy ag.eed that time is oF the essence of th;s contrau and that no waiver of any obligat~on hereunder or of the obligation se- S
.--_d hereby sha;: at any tirt,e ~h~~reafter be he:d to be a waivcr of the terms hereof or of the instrumeM setured herby.
1',. I~~ .::i:i r,c , fo th: forego nq n,or.rh!y paym~nrs of pri:,c pa! and inrerESr requ~red by the prom sscry nae xwred hereby, mortgagor eovenanis
~ ag~_es To re~ To r:e•t~ag.:e ~n<<h each an+h:y pay~.:er~t an add~~ional sum rzr mared by mortgagee to be equaf to l, 12 of tSe ann~al cost of the fo~iow-
A-:.,; ..a' Hrep~:~~; ra._s le.~~~ or d55°STCCI aga~~~sr the above describcd rea~ esrare.
E F; rs on i~re and w~r.ds!orm ~nsurarce as herc~n r~qu;red to be carrieo 0o the improveme~ts situate on the abovc ~escribed premises.
C Pr•_ s o i t;;ch ~,~ort~_ g~ guar;nry ir.surar.ce as morrgagee shait fro~r r me to r'mE deem fit to carry on fhe loan secured hereby. ~
:'.or~g.;qee s~~~ !'•o~n r~ ~.e to r;n;e nonf~ mo~rgagor ~n writmg of the amo~nt d~e ard payable hereundrr and suth surn shatt there~pon be d~e and
i,'e o-, tir, d,~ d;,•-- of rh= n.•.t ~~.onrh:~ payment and each successive month th~reaiter ur.tif mortgagee shal~ not;(y mortgagor of a change in such
.•.t. Such s~:~:s si L~e ap~~'~~•d by n:orrgagee toward the parment oF real prope.ty taxes, insurance prem:ums, a~~d mortgage guaraMy insurance
~ ~~IJTS.
IN ~:E55 'J:H:R~OF, the sa~d I~AORTGAGOR hereunto set h~s har.d and seat the day and year first aforesaid.
Seated a deli p?esence , ~
~~dLG~~.~--(
-~".c~,c~~ cs~an
_ Willie P att Jr. ~~,i~
_ _ _ ~ _ _ _ - (Seal)
- - Mildred Prat c~aq
; ~ ~ oF FioRioa ~
St Luc ie
~'J.'JTY Of ~ ~ r
Before me personally appeared Willie Pratt, Jr. _ , a~
Mildred Pratt t,;: wife, to me we~l known and known to me to be
d;v;clua:s desu~bad in and who executed the foregoing instrument, and acknow;edged before me that they executed the same for the purposes
'~•ri~ express~d. And the s3~d__Mildred Pratt
of the sj d W~llie Pratt~ Jr. ~pon a separate snd private
r~a':c~ by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument fr~el y and volurr
' ~ dl.~ 'N,! ISDJ~ any comp~~sion, constraint, apprehe s~ aer fear of w frc~m her aid husband. ;
~'VIT~1fSS my hand a.~d offic~al seal this_ day of Au uSt ~ A_ D 1972
• Notar Public in and or he ~tt+~ of fidTida at large
My Commission expires 3; -~~"r
Re7urn io: ~ ' -
first Fed~rat Savi:~~s S loan Associat~on • •
O° . P . c„ .
F_:rr ~~...ce f~~•;d. . ,
FIlEO A!1^ YfCCR0E0
St.lUCit CuUNTY FLA. l
R4GC ~ ?~ITRAS
CLERK ~ '•~dtT ~OURT
Th~; Instrument Prepared By ~ Gary F. E11woRt};~~; 1.~,FlfC
Fint federa; Savings 8 Loan Association ~
of Fort Pierce ~ Florida 33450 ~ 31 1 48 PN ZZ
chz~k~~~ By ~`7ilii~i~ g00K~5 PACE~SUY
( 1 h'
~ g.~. _ - - - -
_ .'~'~N,~:-~