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HomeMy WebLinkAbout10539. To place and continuously keep on the buildings now a Itercafter situate on said land and on all equipment and personally covered by this trtortg• age, with all premiums thereon paid in full, fire insurance in tlts usual standard poticv form, in a sum approved by the MORTGAGEE, and windstorm insurance M the uswl standard policy form, In a sum approved by the MORTGAGEE, fn such company . or companies as the MORTGAGEE may directs and all fire and windstorm insurance policies on any of said buildings, any interest therein a part thereof, in the aggregate sum aforesaid a In excess (hereof, shall contain the usual standard mortgagee clause or such other clause as the Mortgages may require, making the lou under said poll. ties, each and every, payable ro said MORTGAGEE as its interest may appear, aril each and every such policy shall be promptly au.gned and delivered to any hold by said MORTGAGEE as further security to said mortgage debt, and, not leu than tan {IO) days in advance of the expiration of each policy, to de• Iive- to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windatam insurance plead on any of said buildings, any interact therein or pan thereof, unless in tF+e form and with the loss payable as aforesaid; and in the event any sum of money becomes payable unde- such policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted neu secured hereby a ro permit said MORTGAGORS to receive and use it or any part thereof for other purposes, without thsreb/ waivi~~g or unpair• ing any equity, lien a right urxkr a by virtw of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail ro deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor w in any respatl fail ro perforny dischuge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may place +nd pay for such inswance or any part thereof without waiving a affecting any option, lien, equity, or right under a bye virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine per antum per annum and together with such interest shall be secured by the lien of this mortgage. 1. To permit, commit a suffer no waste, impairment or deterioration of said property or any part thereof. S. To pay all and singular the costa, charges aid expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred w paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, chargbi and expenses, each and every, shall be immediately due and payable; whether or not there bo notice da- mend, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per cMtum pet annum; and all said costs, charges and expenses incurred or paid, together wdh such interest, shall be secured by the lien of this mortgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thuty (30) days next after the same severalty become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sad promissory note and this mortgage any a either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided Sy, then in either a any such event the said ag' gregate sum menianed in said promissory rate then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay able forthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand. suit at law a in equity, therefore or thereaher begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, of to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, iuues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in the granting and habendwn clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency o- insolvency of said MORTGAGOR a tlw defendants, aril that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien a equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth.- 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuon and auigns, may, without notice to the'MORTGAOR, deal with such successor. a successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatirrg or diitltarging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor or augns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shalt operate ro release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an additional sum estimated by mortgagee to be equal to 1%12 of the annual test of the follow- ing: A-All real property taxes levied or assessed against the afwve described real estate. B-Premiums on fire and windstorm ins:rarce as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall ratify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. - IN WITNESS WHEREOF, the said MORTGAGOR ha r to his hand and seal the Sc d and 'eyed in the presence of• ~~~ ACID RECORDED ST. LUCIE COUNTY. FLA. ~~ ^~^1818'4 STATE OF FLORIDA counmr of ST . U/CIB ~: ~~ ~~~ C L~~#~AR91 lr and Before me personally s erect Angel~na Bergeron his wife, to me well known and known to me to bs the individwb described fn and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the sal Angelina Bergeron wife of the said Raymond Bergeron _ „Par, s separate arx! private examinaY~ort by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and without any compulsion, constraint, appreheniwn, or fear of or from her said husband. WITNESS my hand end official seal this a~y~ day of T~ August /~ A. D. 19~_ Return Toc First Federal Savings b loan Association Of Fort Pierce. _ Wft Pierce, Florida This Instrument Prepared By John W, First Federal Savings 8 Loan Association • of Fort Pierce Florida Notary I'rc in arsd for the State of (bride at large My missan expires: /per ~ ~~ ~ 9 '~ `l,aL::illtlr~it.y Notary PItWtc, State o~ Florida at large `~•_ ~ ~ ~Z~t ~ rr. ~ ~OrOMIKSjpp ',,, Expra guy. b. 1971 . ~ ~ .'"_~~ i0'~i° b ti•dw (tie a ea,.yty SYt 'r . ... ColliY-s' - ~ ~r ~- r . ,r. . _ (1 ~t; - _a