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Home My WebLink About2710 3. io p~ace and continuo~sly keep o~ the bui:d~ngs now or hmeaEter ~ituate on said land and on alI equip~neM and per~onaily cove~ed by this mor~g• age, wAh alt przmwms thrreon pa.d m full. F~rr fns::~ance in ~he usual sta~xlard policy form, in a sum aNproved by the MOR1'vAGEE, a~~d wu~ds~o~m ~nsurance in the ~s~al s~anda~d po:~q lorm, in s aum approved by the MORTCiAGEE, in Such company or co~rpan~es as the MORTGAGEE may d~rect; a~d all (ire and w~ndsto~m insurance pol~c~es on any of sa~d b~iid~ngs, any ime~est therein or part ~hereof, in the aggrrga~e sum atoresa~d o~ in eacess ~hereof, ihall co~rain ~he usual stand~rd mortgegee clause o. such o~her clause as ~he Mor~gayee ~ney ~equ.re, maki~~g mr Ios~ ~nd.r s: •d po;i- cies, each and every, paya~lt ~o sa~d h10RTGAGEE as ~ts ~nte~es? may appear, and each and every wch pohc~ shatl be promp~ty ass g~~rd a~~d ae.~wrr~ u~a any held by se~d ~lORfGAGEE as (w~her securiry ~o sa~d mortgage deb~, and, not lea~ than ten (10) days in ad~ance o~ ~he eapirat~on ol each pol~cy, to de- lire~ to said MORiGAGEE a renewal the~eof, together with a receipt for the premium ol suth re~~ewal; and ~here shall be no f~re o~ w~~~ds~o•m inswance placcd on any of said buitd~ngs, any imerest there~n or part thereof, unless in ihe (orm and wnh ihe ~oss payeble as a(oresa~d; and in the e~ent any sum of money beco:nes payabie undrr wch policy a pol~cies said MORTGAGEE shall have the opnon to rec~~ve end app!y the aame on accoun~ of the i~~d::r.~~d- ness secured hrreby or ro permit sa~d MORTGAGORS to reccive and use i~ w any pa~t ~he:eof ior o;~~cr H~r~ ~srs, :.nho..! ~h,•. u~ w.,.~ c~ ~,,.•r- ing any equ~ty, lien or r~yht ~nder or by virtue of th~s mor'9age; and in the event sa:d MORTGAGORS shall for any ~cason iail ~o keep the :a~d prem~s_s so insured, o~ fail fo deliver promptly any of s~id pol~cies of iniwance to said MORTGAGEE, or fa~l promptly to pay iu:ly any pre~n..,~~i ~hcrifor or ir. a~y respeU fail to perform, d~schorya, eaecure, eflect, complete, comply wi~h and abide by th~s covenant, o~ any par~ hereof, sa~d NORiv:+GEE ~noy p~eu a o pay for such insurance or any part fhereof w~~hout waiving w af(ectir.g any opuon, lien, equ~ty, or right under or by v~~~ue o( fhis M11o~tg~ge, and thc Sul; amo~m o( each and e.ery euth paymem sha:l be immediately due and psyable and shall bear interest from the data thereuF uniit p.,~d at the rair ol n~ne prr centum per annu~n anJ fo~athrr wiih such inteiesr shali be secured by the lien oi th~s mortgage. 1. To permif, tommit w su((er no waste, impairment or deteriorat:on of said property w any parl thercof. S. To pay all and singvlai the costs, charges and expensea, induding a ~easonable atro~ney's fee and cosrs of abs~racts of t~tle, ~ncurred or palJ at eq ;irr+r bv s+~d MOR1GAGfE, because w~n the evero of the failure on th~ pa?t of ~M uid MORTGAGOR to duly, pranptly and fuuy pe~form, d~sth.~rge. execut~, eifect, complere, compfy w~fh and ab:de by each and every the stFpula~~ons, agreemems, cond~tions, and covenanrs of sa~d pro~~~~ssory no~e and ~h~s mortg~ge ~ny o~ enher, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; wherhe~ or n~t rhr~e be not~ce da mand, attempt to collect or suit pend~ng; a~d the full ameunt of each rnd every such payment shall bear imeres~ from the date thereoi unt~: pa~d at ri~e .are o~ ~~~ne pe~ crn:um Fx r annum; and ail said cosis, chargea and expenses incurred or pa~d, together w~th such intereu, shall be sewred by the Iien of th~i mOrtgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the A10RTGAGOR, or (b) in the event any oF sa:d sums oF money herein refrrrad to be not prompt~y and fully paid w~th~n th~rty (30) days next after the same seveiaSly become due and payable, wi~hout demand or nc~~ce, or ~c) in fhr event each and eve~y the sripu~ations, aqreemen~s, conditions and covenants of sa.d promiswry note and th~s moitgage any o~ enher are rat ~uly, promptly and f~lty performed, dacharqed, executed, effected, completed, compl~ed w~th and ab~ded `~y, then in e~ther o~ any such event the sa~d ag- ~regate sum mentioned in said prom~ssory nore then remaini~g unpa~d, with intere;t accrved, and a11 moneys secured hereby, shall become due and pay- ab,~ fo~th„virh, or thereafter, at 1he oprion of said MORiGAGEE, as fully and completely as if all of thr u~d sums of money ~n•ere o~~g~na~ly st~pv~ated ro be pa d on such day, anything in sa.d prom:sswy note or in this Mortgage to the contrary nOhvithstand~ng; and ihereupon or thereafter at the opnon of s>~d MORTGAGEE, wirhout not~ce or demand, suit at law or in equity, therefo~e or thereafter begun, may be prosecuted as if all moneys secured hereby n::d matured pnw fo +ts instituhon. 7. Thaf in the event that at the beginning of or at any time pending any suit upon this Mortgage, a to foredose it, or to reform it, or to enfo.ce payment of any daims hereunder, said MORTGAGEE shall apply to the Court having ~urisdiction thereot for 1he appo~ntment of a Receiver, w[h Ccurt shall ~crthwith appoim a receiver eF said mortgaged property all and singular, indud,ng a? and singular tne income, prof~ts, issues and reven~es from whatever :e~r.ce drrived, each and every of wh:ch, it being expressly undersrood, is hereby mortgaged as if spec~fically set forth and deacribrd in the granfing and h3bendum clavses hereof, and such Receiver shall have alt the broad and efiecr~ve funct.ons and powers in a~yw~se ent~usied by a Court to a Recriver, and s ch appoin:ment shall be made by such Cou~t as an admined equity and a matter of absolute <<ght to said MORiGAGEE, and wiihout reference to the edeqvacy or i:~adequacy of the value of ~he p~operry mo~tgaged or to tFie so:vency or ~nso!vzncy o( sa~d MORiGAGOR or the driendants, and ~hat such r.~~,~s, protits, income, iuues and ~evenues shall be appfied by wch Receiver accord~ng to the Gen or equrty of said MORTGAGEE ar.d the pre:t~ce of such Court. 8. To duty, promptly and fully perform, d~scharge, exec~te, effect, compiete, comply with and abide by each and every the stipuiations, agreements, ;ortd;ticns and co~enan~s in sa~d prom;ssory note and th~s mortgage set forth. 9. Tnat :n the event the ownership of the mortgaged prem~ses, a any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :'ORTGAGEf, irs successors and ass~gns, may, without nonce to the A50RTGE10R, deat with s~ch successw or successw in interes~ with reference to ~h~s o•tgage ar.d fhe d_•ot hereby se:ured in the same manner as w~th 1Jlorrgago~ wlthout in a~y way vit~ating or d~scharging the Mor.gagors' Iiab~Gty here- ,,r,der w upon ~he deb~ hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE or iu svccesson or ass~g~s and no exrens~on of the rime for the payment of the debt hereby secu.ed given by the MORTGAGEE or its successors or ass~gns, ~i~all operate io re!ease, d~scharge, mod~fy change or affect the orig;nal fiau~lny of the M.ORTGAGOR herein, either in whole or in part. 10. It is speNf;ca!ty agreed that time is of the essence of this contract and that no waiver of any o61~gaKOn he~eunder or of the obligat~on se- c~red hereb~r shal~ ar any time thereafter be he!d to be a waiver of the terms hereof or of the instrument secwed herby. f 1 l. {n atid.t.o~ to the forego ng :nonth!y payments of princ pal and intrrest regu~red by the prom:swry no~e sewred hereb~, mortgagor covenants a3~res ro pay ro morrgagee v~ith each month!y pay~.~ent an add~rional wm e.t:mated by mo~tgagee to be eq~a~ to 1; 12 oi the annual ccst oi the follow- , E A-A!I rral propert~ taxas Iev~eP. o. assesseci a~ai•,st ih~ above described real esrate.. ~ B-F:_r~uo•ns on iire ~nd windsro'm ~nsuracce as herein req~Ired to be ca.ried en tne improveme~ts s~tUate on the above doscribed premises. ~ C-Prern~v,rs on such mo~tgage guaranty icwrance as mortgagee shaU irc:r ;.me to tune dEBT fit !o carry on the loan sec~red hereb~. ; hlorrgagee s.^.a'I from time to t~:ne notif; mcrtyagor in writing of the amount dve and payable hereunder and such su~~ sh.;!f thereupcn be due ar,d ~ .:,able on the d~e cate of iha next month:y paym.ent and eath suctessive month thereafter until m~rigagee shall notfy nwrtgagor of a change in such ~ ~~~t. Such sums st~a:i be app~ied by morrgjgee toward the payment of real p.operty taxes, insurance pren:;ums, and mortgage gua:anty ins~ran.e k . C•niVms. f IV 4VIT^~ESS ::HER~OF, the sa~d MORTGAGOR has hereunto set his har.d and seat the day and year first aforesaid. ~ Signed, Sealed and delivered in the presence of: ~ , ~ ~ Z.~, _ . ~ a C - ~~l . '1 / ~ %/t~l.(.~ t~ ?•t 1 (Seal) e f ~ -~~.;i,_~=_ ~ ?~~~tL--3~'._3-cc' /~I1dID Lu pra„t.t ($~al) ~ - # _ - ~ ($eal) ~ _ Carol M. Pratt ~~ai> ~ s~;.TE OFilqtlOA Massachusetts ~ ~ ~.~u.JiY OP Middlesex ~ u~ ~ r William L. Pratt ,z Before me personally appeared and ~ _ CaY01)7I1 M. Pratt his wife, to me weil known and known to me to be ~ ~~e ind~vidua(s descnbed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ' Caiol M Pratt rherein expressed. And tne said ~ • r~~6e of the said W1111dII l.• Pratt , upon a separate and private e.aT:nat;on by me tak~•n separate "and apart from her said husband, ackrwwledged to and before me that she execused said instrument free~y and volun• y 'a~.ly and w~tho~t any ,ompu•.sion, conshaint, apprehens~on, or fear of o? from her said husband. WITNESS my hand and off]c~al seal th~s___ ~ Sr day of jk~~~'~'-~~~ , A. D. 19 73 ~ ~ ` C _ - Notary Public in and he State of Hvrida-at-t3lg! ~!.~Ss My Comm~ssion expires: -t. _ ~4/. 7~~ Return To: First Federa) Savings 8 loan Associat~on ` , ~ ` " 04 Forr P e;ce. ~ • , Fort P~r•ce, Flor;da ' ~ " ' - .r iiLEU n~~. '~tC.~cDED ~ ' ' ST. LU~': :;OUNTY FLA. " - - R0~': • ~ 'R~S : . • - w; J Cl«t C G~URT ` . This Instrument Prepared By J. H. Roberts~ Y. qFCCF "'•C~ • ' First Federal Savings & Loan Association . = of Fort Pierce, Flozida ~E8 9 4 27 PM ~73 r ~ , - Checked By 4;~ z4~s21 _ aoo~ ~10 ~~c~ 2~07 € ~ ~ _ ~ _ - - ~ ~ ~ ~ } _ _ S ~ ~ ~,u~._ _ m _ ~ - _