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Home My WebLink About0096 ( ~T. LUCIE COUNTY, flA. and lnaurance premiwn.a, .. the cue may be. .udl exceulhanb8 credited by the mot'tpgee on lubaequent p&11DeIlta to be made By the mortJalor. 1f, howwer, the DlOnthl1 pa)-menta made by the mortgagor IIDde1' (&) 'of parQraph 2 precedJq aha1l not be BUmclent to ~ IJ'OWld rent., taxes and auesamenta and inau.~ralrremluml, .. the c:aM mq be, when tho ume Uia11 b<<omo d\llll and payable, then the mortpeor pay to the ~ any amount necfllllAr7 to make up the deftcieney ,on or before the date whm payment ()f auc:h cround reBU, Wee, Uleumflllta, 9r in.1lI'&Ilee premiuma shall be due, If ~ any time the mortcalor Ihall tender to the mortppe in accordance with the provi.ionJ of the note aeeured hereby, full pe;tlMDt of the enUre iDdobtednell repreeeated thereby, the morta'aaeelhall, in tom- putiq the amount of aueh indebtedn-. credit to the aeeount of the mortpaor all payments made under the provWona of-{G) i>f penaraph 2 Mreot which the mol"tppe baa DOt beeom~ obh..ted to pay to the Feden! Houaiq Cor1""iaa\0Mr aDd &D1' bala1Mle !'eIU&inin, in the func:U accumulated under the pro\'iaiona of (b) of Aid parqraph 2. If there aball be ~ default under any of the proviaioDl of thia mortgage, re- au1tiq in a public sale of the pnaillel covered hereb~~ 01' if the mortaaaee acquirel the property other- wiN after default. the mon.aa.e ahal! appIJ, at theameoftheeomrneneementofauehproeeedinporat the time the property ia otherwise acquired, the balllDc:e then remainillJ in the funda accumulated under (b) of ~D. 2 'precedm. u a credit.tpinat the amount of prinCipal then nn'1&inina ~mpaid under laid DOte and ahall properly acljuatan, p&JmeDta whieh ahalI have been made under (a) of laid paragraph. 4. That he will pay an tu.M, III-"'\f--ta, water rats, and other pernment.al or municipal charges, bee, or impoaitiou, for which proviaion baa DOt been made hereinbefore, and in default thereof the mort- ppe m&7 pay the aame ; and that he will promptq d.uver t.lte omcial rel:8ipta therefor to the mortgagee. 6. That h;~ill permit, commit, or IIder no ..ute, imlJAirment, or deterioration of said prope11y Oi' any part thereof; and in the event of the failure of the mortaaaor to keep the buildinaa on said rremiaea and th\u to be erected on aaie! pruni--. or improvementa tJieioon. in sOod repair. th6 mortgagee may make auch repairs .. in its dilcretion it may cieem neeeaury for the proper prservstion thereof, and the full amount of e&'"...h and fNer'J aueh payment Ihall be- immediately due and payable, and shall be secured b7 the tien of thi.I JDOltcap., , , 6. That he will pay all and IUnplar the eoIta, rbarpa, ~d expellHil, inc1udina ~nable lawyer's feea, a~d coats of abltraeta of title,'incurred or paid at any time by the morta~ becaUI8 of th~ failure on the part of the morlpaor promptly and fuUJ.~.::'onn the qreementa and eovenants of laid prom- iMory r.ote and thiJ mortaaae, and &aid e9Ita. , aDd GpeDMI .hall be immediately due and pay- able and ahall be aecured b7 the lien of thiJ mortpae. 7. That he will keep the improvements DOW exiMtilll' or hereafter eJ"'JCted on the mortrared property, inaured u may be required from time to time by the morta'aaee apiIW Iou by fire and other hazards, caaualtiee, and eGntiriPnei_ in .ueh &mounta and for lucn 'perioC1a AI may be required by mortgagee, and win pay promptly, wbeD du~ any premiuma on .ueh inaurance for payment of which provision haa not been nwie heieinbetore. All inluraace Ihall be arried in companlel approved by mortgqee and the polid_ and renewal6 thereof Ihall be held by mort,ppe and have attached thereto Iou payable claUHI in favor of and in form acr:eptab1e to the mortaqee. In event of loa he will wive immediate noti~ man to mortpaee, and mo~ may make proof of Iou if not made promptly by mortaaaor, and inau.ranc:e company eoneemed 11 hereby authorlsed and direeted to make payment for .uch loa dindly to mortpaee instead of to mortpgor and mortp.pe jointly, and the insurance proceeda, or any J)U't thereof, may 6e applied by mortpaee at ita option either to the reduction of the indebtedneaa hereby I8CQted or to the reetoration or repair of the property t:lantqed, In evont of foreclc>>ure ot thil mortaaae or other traDafer of title to the mortp~ property in ext~;JiJhment of the indebtedneu ..ew.fhJelw, all riPt, title, aDd inter.t of the mortpcor in and to &11). maurance policiea then in force Ihall peu to tlie purehaIMr or srantee. - 8. That the mortppe may, =-t aD)' time JMlDdinI' alUit Upoll th1t mortpce, apply to the court hav,' iDa juried1ction thereof for the appointment of a receiver, and luch court shan forthwith appoint a rece1ver of the premiaee covered hereby aU and sinaul&r, includinl' all and .ingular the income. profitt, iuuel, and revenuea from whatever IOW'c:e derived, eacl\ imd ev-=ry of which, it bein, expreaaly under- atood, ia hereby mortaaed u if tpeC!AeaUy let forth and delcribed In thp. rrantinc and habendum elauaea hereof, aDd ~.Jl reCef... IhaD have all the 'broad and -<<dve fuDCtiona and pbwen in anywise entn.Llted bT a court to a receiver ADd 8Ueh appointment ahall be made by .ueh eourt .. an admitted equity and a matter of at.olute rlpt to uid mortcape, and without reference to the adequacy or inad- etqQACY of the value of the property m~qed or to the IOlvency or Jnaolvency of laid mortl'8IOr or the defendant., and that IUch rent., profit&, Income, iu\lee, and revenUM ,hall be applied by luch receiver aeco~ to the lien of thiJ mortpp and the practice of .ueh eourt. In the event of any default on the part of tl1e mortpgor hereunderr the mortpcor ~ to pay to the morta-aaee on demand as a reuon- able monthly renW for the r=;:- an amou.nt at l..t equivalent to one-twelfth (~2) of the auregate of the twelve monthly inata1 payable in the then CU1'I'eDt,ear pluithe actual amount of the annual ta~ n }Menta, water rat.. aDd iDauraace premiuma tor ... Jeal DOt covered by the aforeu.id IDOIl )Ja7m_ta. 9. The mo~ further coveuanta that ahoold thia D1O!Jn e and the note secured hereby not be eli&ible for insurance under tM NA~ona1 Bou.ina' Act wiWn .PJ'YS from the date hereof (written ltatelnent of any offtc:ter ot' the F2deral Houaiq A iu.!tratloo or authorUed agent of the Fed;!ral Housing CommiJaiooer dated subsequent to the Wl DAYS time from the date of thiJ morta'a4ce, declinina to inJure uid note and thia rnortpge. belJ1B (feemed conclusive proof of ,,,ch in- eligibility), the IOOrtppe or the holder of the note may, at ita optioa.:. d.tcl&re all .uma aecured hereby immediately due and pafable. ". 10. That (4) in the event of e.D/ breach of thi.l mortgage or default on the part d the mortgllgor, or (b) in the event that any of said &uma or nH":'.n~y herein referYi.'<i w be not p}'ompUy and fully paid with- out demand (if notie~, or (c) inth~ e'fflnt ~3t each and every the iltiPUlationa, agreement81 conditialll, and covcnanta of satd note and thw n'!(!Y~, li\J'e not duly, promptly, and fally performed; then in ~ither or any lSuch,eyent" the M,id a~M'!Jum mentioned. in aid note then remaining unpaid, with mterest acenwd to thJ.t tllne, and ail nKUl1})'e f.eellra'\ h~nby. shall become due and P8yJlOble forthwith. or thereafter. at the option of 3&id~..lo~~ u. fu n)~ And rompletely u if all of th. e!il8. id aUDl.8 of mCJfiey were org'inaHy stipula~ t..) be paid @l'l such day. aDy'thill( in said note or in t.l-tia mortgage to the contrary notwithstanding; and thenmpon or t.~ena:fter, at the oVtiOn J)f Mid mortc'aftEe, without notice or demand, suit at law or in equity, may be~l:ted M if aU tn/)!':ley. lWCU1'\'!d hereby had matured prior to it.s inati- tution. The mort~ may, f~ th!a mo~ as to the tm'lOOnt 80 fkoclared dlJ~ and p&yal:'n." and the laid premt8ei shan ~ IOtd to _ti6fy and pay th<e !Wt}e t~ther with e~. eJ~, and allowabeet. ~n eue of partial fl}rec~N of tbia mo~, the mo~1prem~ wHbe sold subject tA> the con- tinuiq ~ 01 this mo-~ for the amo\mt of the <<:Mbt nM thw due and unpaid. In aucli eMe the p~ viaiona of t.bia paragnoph m.ay apin be ay~ uf thereafter from ~ to tiw. by the mortppe. 11. "t"hat the ~r w'U! Jive !tnme4i.a1tt n~ by !Mil to tht; mo~ of any CX\f1veyanee, traDJiter. Ill" clw1ae of own~tp of th~ ~--, ; 0.' ' 12, 'i'i:w.t D(} waiver 0'1 u.y erJftlW'st, ~ 'at nt uM '~ ~ bGnbJ ahAll at any time the.ruft.er be held to be a waivn of the tenua ~..o,.r ~ fJra note MCUl'8d hereby.