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To place and continuously keep on the buildings now a hereafter situate on said land and on all equipment and personally covered by this nrortg• ape, with all premiums thereon paid in full, fire insurance in the usual standard polity form, in a sum approved by tM MORTGAGEE, and windstorm insurance in fM uswl standard policy form, in a sum approved by the MORTGAGEE, in such company a companies as the MORTGAGEE may dirtctj and all fke and windstorm insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum afaesaid or In sxt:ess Thereof, shall contain the uswl standard mortgagee clause or such other clause as the Mortgagee may require, making the lou undo said poli• ties, each and every, payable ro said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly au:gned and delivered to any held by said MORTGAGEE as further security to said mortgage debt, and, not leu than ten (10) days in advance of the expiration of each policy, to de• IivN to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no fire or windstorm insurance plated on any of said bvildirsgs, any interest therein a part thereof, unless in the form and with the toss payable as aforesaid; and in the event any sum of money becomes payable under such polity a policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- ness secured hereby or ro permit said MORTGAGORS ro receive and use it or any part thereof for otiKr purposes, without thsrebr waiving or impair- ing any equity, lien or right under or by virtue of this matgaga; and in the event said MORTGAGORS shall for and reason fail to keep the said premises so insured, a fail b deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fail b perforrtl, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such Inwranp or any part thereof without waiving or affecting any option, Ikn, equity, a right under or by virtw of this Mortgage, and the full amount of each and curry such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine per centvm per annum and together with such interest shat{ be secured by the lien of this mortgage. --_, 1. To permit, oontmit or suffer no waste, impairment or deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, including s reasonable attorney i fee and costs of abstracts of title, incurred a paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu scions, agreements, conditions, and covenants of said promissory note and this mortgage any a either, aril said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de- mand, attempt to tolled 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 centum per arutum; and all said costs, charges and expenses incurred a paid, together with such interest, shall be secured by the lien of this mortgage. t1. 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 thirty (30) days next after the same severalty become due and payable, without demand or notice, or (~ in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, eilected, completed, complied with and abided 5y, then in either or any such event the said ag~ gregate sum mentioned )n said promissory rate then remaining unpaid, with interest accrued, and all moneys secured hereby, shall beoeme due and pay- able forthwith, o- thereafter, at the option of said MORTGAGEE, as fully and completely as ii 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 notwithstandi~y; and thereupon or thereafter at the option of said MORTGAGEE, without ratite or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matwed pear to its institutan. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or 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, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting end habendum clauses hereof, and such Receiver shall have all the broad ar:d 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 a irudequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profiri, income, iuues and revenues shall be applied by such Receiver according to the lien or 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, conditans and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part tFtereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, without ratite to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability Isere• under a upon the debt hereby secured. No sale of the premises hereby mortgaged and ra forbearance on the part of the MORTGAGEE or its successors or augra and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or soigne, shall operate to 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 ra waiver of any obligation hereunder or of the obligation st cured hereby shall at any time thereafter beheld to be a waiver of the terms hereof or of the instrument secured herby. 11. In addiYan 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 addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: - . A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be tarried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tame to time deem fit to carry on the loan secured ftereby. 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 notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, a~xl mortgage guaranty insurance premiums. WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal • ned, Seal and deliver in the presence of: FILE© AND RECOR[ ST. LUCIE COUNTY. '6 STATE OF FLORIDA COUNTY OF ST• WCIB AUG 15 ~-M 10 ~ ~+~ ss. v~~ Before me personally appeared K C ma>t7o 1'tON~ and Angelina Berfaeron his wife, to me well known and known to me to be the individwb desuibed in and who executed the f« Ding i trume t, and acknowledged before me that they executed the same for the purposes therein .xpresaed. std the said ~ngel~na Bergeron wife of the said Raymond AeYgerOn _ - __ upon s separate and private examinat'an 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, apprehension nor fear of or from her said husband. WITNESS my hand and official seal this ,,Ly R day of ,~~Au9ust w ~ A. D. 19 69 Notary tic in and for the fate of Florida at large _:,M1Y.- ion expires: ~~ /yam ~ Return To: First Federal Savings ft loan Associat"an tttttlflttt '`• tr Of Fwt Pierce. `~ti~~`: ~ \ ~~, > ;'!rrNotitp Public, SUte of Honda at large Fort Pierce, Florida '~ ''• ~, y1 Commission Expires Aug. 6, 1971 ` ` ` ' '~ ~rt~ k ~ fife I<Saelr~t SiM ' _ ~ ~• -,r yn ~ ~ John W. Collins; ~` ~ .N This Instrument Prepared By ; ~• p ,~ .' ~ First Federal Savings b Loan Association -' • ~ - of Fort Pierce s i:lorida ~~~.; ~ ~ =~ ` ;. 't~. Checked By 5. ' .~. BOOK x.79 ~r;E~054 ~ -~ 1 ~,~,. _ - ~ `- -_~- ~~ s Y ~ -