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Home My WebLink About0278~~~ ~• ~s ST. LUCIE COUNTY. FLA. nnda:• (b) of paragraph 2 preceding shall not be sn~cient tte pay ground rents, taxes and assesarnents and inauranca Dremiums, as the case may be, when the same shall become due and payable then the mortgagor shall pay to the mortgagee any amount necessary to make up the defkiency, on or before the date when payment o! such ground rents, taxes, aasesamenta, or insurance premiums shall be due. If it any time the mortgagor shall tender to the mortgagee in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the mortgagee shall, in com- puting the amount of ouch indebtedness, credit to the account of the mortgagor all pa~-menta made under the provisions of (a) of paragraph 2 hereof which the mo has not become oblegated to pay to the Federal Housing Commissioner and any balance remaining in a funds accumulated under the provisions of (b) of said paragraph 2. If there shall be a default under any of the provisions of this mortgage, re- sulting in a public sale of the premise covered hereby, or it the mortgagee acquires the property other- wise after default, the mortgagee shall apply, at the time of the vo~mmencement of ouch proceed~nga or at the time the property is otherwise acquired, the balance then reeseainin~ in the funds accumulated under (b) of psragrsp 2 preceding as a credit against the amount of prlncepal then remaining unpaid under said hole and shelf prvperiy aojusiany payiuenis which afoul have been made under (a) of aaj3 paragraph. 4. That he will pay all tares, aaseasrnenta, water .rates, and other governmental or municepae charges, Shea, or impositions, for which provision ties not been made hereinbefore, and in default thereof the mort- et~ee mar nay the same :and that he will promptly deliver "~e ot5cial receipts therefor to the mortgagee. b. That he will permit, commit, or suf[er no waste, impairment, or deterioration of said property or any part thereof; and in the event of the failure of the mor" agog to keep ii-e buildings on eels premises and those to be erected on said premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem necessary for the proper preservation thereof, and the full amount of each and every such payment shall be immediately due and payable, and shall be secured by the lien of thin mortgage, 6. That he will pay all and singular the costa, charges, and expense, includin~reaaonable lawyer's a • ^• •~.+-°^+• of ti»'esncur*ed or ,•aia at.~~ ti.^.:e b° »hc ^:ort °^~°c ua;, f »hc fail~~rs fee, anu w:.°~ v~ ~..v ~, ww , ~... J ! ~a.bw ./w~. i v on the part of the mortgagor promptly and fully .to perform the agreements and covenants of said prom- isaory note and this mortgage, and said eoeta, charges, and expenses shall be immediately due and pay- able and shall be secured by the lien of this mortgage. 7. That he will keeF the improvements now existing or hereafter erected on the mortgaged property, insured as may be required from time to time by the mot~t~~g~e against loss by fire and other hazards, casualties, and contingencies in ouch amounts and for aucb periods as may be required by mortgagee, ~ en _ _ _ ~__ i _. __ ~___ ATM{ ~ w ~ _ _.a _' 1.: i1G1 lriau !~J y illiljiilj, Fii~~l ~iGii3, ptij p..a.,..3..'~n ~'iu ot'lwii inetie'iF1L8 i3r l~iii~eu~ va wi~~Cl=t Niv`r'ioi~n hag not been mYde hereiui,efore. .lll inr-uranre shall to carried in cwm~auiens approved by mortgagee and the policies and renewals the_*eof.~ll >:+e held by mortgagee and have attached thereto loss payable clauses en favor of and in form acceptable to the mortgagee. In event of loos he will give immediate notice bq mail to mortgagee, and mortgagee may make proof of loss it not made promptly by mortgagor, and each insurance company concerned ea hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and wortgagee jointly, and the insurance proceeds, or say part thereol, may be applied by mortgagee at its. option either to the reduction of the indebtedness hereby second or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebte.in~s second hereby, ~ right, title, and interest of the mortgagor in and to any insurance policies then in '~rce shall pass to the pnrchaaer or grantee. 8. That the mortgagee may, at any time pending s suit upon this mortgage, apply to the court hav- ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of »e:e preWi° o ^.~ve:~: her°~; an and si~.~ular, incl~~aing all a~a si.^.e~lar the income, pmi:+.s, issues, and revenues from whatever source derived, each and every of which, it being expressly under- stood, is hereby mortgaged as if apeciscally set forth and described in the granting and habendum clauses hereof, and such receiver shall have all the broad and effective functions and powers in anywise entrnated by a court to a receiver, and such appdintmeat shall be made by such court as an admitted equity and a matter of absolute right to said mortgs~~ee, and without reference to the adequacy or inad- equacy of the vslne of the property mortgaged or to the solvency or insolvency of said mortgagor or the defendants, and that ouch rents, prosta, income, issues, and revenues shall be applied by such receiver according to the lien of this mortgage and the practice of such cour» In the event of any default on the part of the mortgagor hereundere the mortgagor agrees to pay to the mortgagee on demand as a reason- able monthly rental for the ppremesea an amount at least equivalent to one-twelfth (!ls) of the aggregate of the twelve monthly installments payable in the then currant year plus the actual amount of the annual tax^a asaesamenta, water rates, and insurance premiums for such year not covered by the aforesaid mc:+tfily payments. 9. The mortgagor further oovenanta that should this mortgage and the note secured hereby not be eligible for inanranos under the National H~nafng Act within 30 DAYS from the date henot (written sbtement of any ol5oer of the F ddeerraall Honaiag Adminiatrstion or authorized agent of the Federal Homing Commissioner dated subsequent to the 30 DAYS time from the date of this m~~t,~ge. declining to insure said note sad thb mortgage, betng deemed conclusive proof of such in- el ty), the mortgagee or the holder of the Hato miv; it iti option, declare ill Gums secured hereby imm.riiatwhr due and ~mvih3< 10. That (a) in the event of any breach of this mor~e or default on the part of the mortgagor or (b) in the event that any of said sums of money herein get -erred to be not promptly and fully paid w~th- out demand or notice, or (o) in the event that each and every the stipulations. agreements, conditions, sad oaveaaats o? said note and tlsis mortgage, are sot duly, promptly, and fully pertormed; then in either or a~U- wch event, the said sum mentioned in said note then remaining unpaid with interest accrued to that tame, and moneys secured hereby, shall become due and payable fort~ewith, aer thereafter, at the option of acid mttrt~agee, a. inlly and completely as if all of the said sumo of money were originally stipulated to be paid on such day, tieia4 in said note or in this mortgage to the contrary notwithstanding; and therenpoa or thereafter, ate option of said mortgagee, without notice or demand, soft at lsw or in equity, m~ be prowcnted as it aA monegrs secured hereby had matured prior to its inati- tatbn. The mortgagee sea, iereebse this mor~a~e, as to the amount so declared due and payable, and t>be Bald premises shall be sold to satisfy sad pay- tfie same with costa, expenses. and allowance. Ia case at partial foreclosure of this the premises shall be sold subject to the con- tinning lien of qeL mortgage for the aann~ the dent then due sad unpaid. In such case the pro- risions of this paragraph may again be availed o! thereafter from time to time by the mo:tgs;ee. 11. That the maitsagar will ~iv~s imasadiste notke by mail to the mortgagee of any oonveyancq, transfer, or cheers oI ownership of the premises.. . 18. That no waiver of any oo~veant hsreie: a of the !l seared hereby shall ab any tfms thereafter be held to be a wai~ear of the terms h}ereo~ or of tl nd~s~ssaucnd hereb0r. ~' i