HomeMy WebLinkAbout0792~o~K 2f~ P~cE 92
ST. IUCIE COUNTY. f LA.
to make u the drficii•ncy. such payment shall
Mortgagor alu-ll pay Lo the Mortgagee any amount necessary P
be made within thirty (30) days after written notice from the Mortgagee stating tl-e amount of life di•ficirnc~,
which notice may be liven by mail. It at time the Mortgagor shall tender to life Mortgagee in accord-
ance with the pprovisions of the note secured hereby, full payment of the antler indebtedness mprrs-•nti•d
thereby, the Mo shall, in computing the amount of such indebtedness, emdit to tho account of life
Morttg,~agor any c it balance remaining under the provisions of (a) of said parsgroph 2. It them shall br a
default under any of the ~irovisiona of this mortgage reaultiag in a public sale of the promises covered hereby,
or it the Mortgagee acquires the property dtherv-uie after default, thA Mortgagee sl-gall, apply, at the time of
the commencement of such proceedinRa or at the lima h 2 preceJin -~ ahcr d~~ on the into r ataaccruiedtand
remaining to credit of Mortgagor under (a) of paragr P 61~d on said note.
unpaid and the balance to tWhie principal then remaining unp
4. He will pay all tares, assessments, water rates, and other governmental or municipal charges, tines, or
ianpositions, for which provimon has not been made hereinbetore, and in default thereof the Mortgagee may pay the
same; and that he nll promptly deliver the official receipts therefor to the Mortgages
or deterioration of said property or any part thereof
b. He will permit, commit, or auger no waste, impairment,
eoicept reasonable wear and tsar and in the event of the failure of the Mortgagor to recePr the Mort ~ on messy
premises and those to be erecte~ on said premises, or improvements thereon, in good psi 6~
make such repairs as in its diseration it may deem necessary for the Proper Preservation thereo#, and the full amount
of each and every such payment shall be due and payable thirty (30) days attar demand, and shall be secured by
t1-e lien of this mortgage.
6. Ile will pay all and singular the costa,,-~c~harges~and ezpea~. i°cluding reasonable lawyer's fees, and costs
of abstracts of title, incurred or at any time by the ortgagee bece-use of the failure on the part of the Mortgagor
promptly- and tu1~ to perfo agtisements and covenants of said Promieeol'y note and this mortgage, and said
~~ charges and ezpenses be immediately due and payable sad shall be secured by the lien of this mortgage.
?. He will continuously maintain hazard insurance, of such type or types and amounts as Afortgsgee may
from time to tame require, on the improvements now or hereafter on said premises and except when payment
for all such premiums has theretofore been made under (a of paragraFh 2 hereof ~ie will pay promptly when
due any premiums therefor. All insurance shall be is companies approve by IlfortRaAee and the poli-
cies and renewals thereof shall be held by Mortgagee and have attached thereto loss payable c auses in favor of
and inform acceptable to the Mo tgagee, In event of loss he will g-vMimmedif-te~~ ~ im u~n~fo~ p y
and Mortgagee rosy make proofro~ Ioes~if not made promptly by rtgago ~ y ag _
concerned iS hereby authorized and directed to make payment f or any part thereof, ma b apapplied by i rw
to Mortgagor and Mortgagee jointly, and the inaunuioe proceeds,
gages at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of
or other transfer of title to the mortgaged
the property damaged. In event of foreclosure of this mortgage right title, and interest of the Mortgagor
property m eztanguishment of the indebtedness secured hereby, yor tee.
in and to any insurance policies then in force shall pass to the purchaser Scan
8. He will not ezecute or fde of record any instrument which imposes a restriction upon the sale or occu-
pancy of the property described herein on the basin of race, Dolor, or creed.
9. If the premises, or any part thereof, be condemned under the power of eminent domain, or acquired
for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acgwsition,
to the extent of the full amount of the remading thwp'~d~ ~~t ~o tr g~~rto be applied on~agccountlof 1 c
assigned to the Mortgagee, and shall be psi
last maturing installments of such indebtedness. (v to the court having jurisitic-
10. The Dfortgsgee may, st any Limeending a suit upon this mor4ga~e app . ,
Lion thereof for the appointment of a receiver, sad such court shall fort wit~i appoint s receiver of the premiers
covered hereby all and singular, including all and singular the income, profits, issues, aid revenues from ~vliat-
ever source denved, each and every of which it bring ezpresaly uniierstood, is hereby mortgaged as it apecificall~
set torch and descnbed in the granting an~ hsbendum clauses hereof. Such appoinand without breferen etc
such court as an admitted equity and a matter op absolu~ right to sand ~ the~e~olvency or insolvency of said
the adequacy or inadequacy of the value of the ropert mortgaged
Mortgagor or the defendants. Such re~s~ phefi~acti~ of~an~ch court In theevent of amyl default on the part
according to the lien of this mortgage P ~ the Mor on demand as a reasonable monthly
of the Mortgagor hereunder, the Mortgagor a~reea to Pay ~
rental for the premises an amount~at least equivalent to one-twel[th (,) of the aggregate of the twelve monthly
installments payable in the then current year plus the actual amount of the annual ta.~es. assessments, water
rates, and insurance premiums for such year not covered efault on the part of the ~tormtgagor, or in the event
11. In the event of any breach of this mortgagre _
that any of said sums of money herein reten~ed to be not pmmme tl~ Ana ~l~i-pa°1adiid co°~nants of said note and
or in the event that each and every the stipulations, agree ,
this mortg ,are not duly, promptly, and fully performed or if the 11[ortgsgor be adjudicated bankrupt or
age then in either or any such event, the said aggre-
msde defendant in a bankruptcy or receivership proceedingaah interest accrued to that time, and all money
gate sum mentioned in said note then rem unpaid,
secured hereby shall become due and payab~orthwith, or_thereafter, at the option of said llfort~taagee~as
tally and compEetely se it all the said sums of money ~ ,~° ~d~~ ~~ ~aei~eup~o or thereatteruat he option
thing m said note or m this mortgage to the contnir~- no _
of said 114or ,without notice or demand, suit at law or in equity, m fomcloae thisu ~ rigagealas ~ rt11e
secured hereby had matured Prior to its institution. The Mor~ga~~ ~Y the same to they
amount so declared due and payable, and the said premises shall-be Bold to satisfy antheamort aged promises
with costa ezpenses, and allowances. In case of partial foreclosure of thin wort age,
shall be eo~d subject to the continuing lien oa thisumortgga~e ibore ~ alined oftthereatter fromtt me to timesby the
In such case the provuuons of tuts paragr p y
Mortgagee.
•s 12. No waiver of say covenant herein or of the obUgation secured hereby shall at any time thereafter
held to be a waiver of the terms hereof or of the note secured hereby. t nement or rxtenaion
13. The liea'of this instrument shall remain to full force and effect during any pos po
of the time of payment of the indebtedness or any part thereof secured hereby.
14. This mortgage u given to secure the purchase money, or a pant thereof, of the lands heroin described
and is ezecuted and delivered contemporaneously with fife deed therefor. then
lb. If the Mortgagor default in any of the oovei~t ta~or mag i eaient~~nt b ~ b~rei,ney'srfeesj invade bey the
the Mortgagee may perform life same, and all e:peri yid( ?iB
M us so do~ag shall dradw and life ~>K"Owithintei~at sad oo to aopcrued thereon stiall besaecured
npao yy~aable thirty (80) days after , , tOBs
by this mortgage. lemental note or
18. Upon the request of the Momsgee~ ~f~r~ alts awn m~odd der~Uon simpmvement, main-
notes for the sum or sums advanced b the t the same and for any other purpose author-
tenanee, or repair of said premises, for fazes or assesannenta againa t with and m tuUy as if the advance
feed hereunder. Said note or notes shall be secured horeb on a pars ~
evidenced thereby were included is the note fu+t described above. Said supplemental note or notes shall bear
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