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3. To plac~ and continvously keep on ths b~itdin~s now o? htroafte~ ~itwt~ on iaid I~nd and on all equipmenl and perionally cove~ed by thi~ mortq- i
+ge, with ~il premivms Ihereon paid in iull, fire insu~+nct i~ tM v~ual s?andard policy form, in a~um approved by the MORiGAGEE, and windeto~m ~
insurance In tFa usual standard pol~cy fam, in a sum epproved by the MORTGAGEE, in iuch company or compa~ies as the MORTGAGEE ~nay ;
directj ~nd ~II firs and windstorm insurae~ce policie~ on any of :aid bviidingb ~ny interest therein w p+rt thereof, in the s9qregate wm afw~said w ~
in excea thcreof, ~hall cont~in ths vswl ~landard mort9ages cl~uie w such otF?er clauss +s the Mor~pagee may requi~~, m~Ai~y ~he tovs ~•nde~ u~d po1F ~
cies, each ~nd every. payable to iald MORTGAGEE as itt imereit may appear, ~nd e~ch and ~very such pc~licy shall be p~omptly au•9ncd +nd delivered to
any held by said MORTGAGEE as fu~ther security to s~id mat9age debt, and, not less than ~en (10) days in advance of the expiration of each policy, to dr ~
liver to taid MORTGAGEE a renewal thereof, to~etFwr with ~ receipt fw the premium of such renewal; and there shall !x no f~~e w winds~am iniv?anc~ ~
placed on u~y of said build7ngs, any interest therein or put thereof, ~nleu in ths form and with ths loss payable as ~facsaid; and in tM ewnt any sum ~
of money becomes payable undM tuch polity w policies said MORTGAGEE shall Mve tM optip~ to receive and apply the same on account ot the indebted- t
neu secured heteby w ro permit asid MORTGAGORS to reteive ~nd use it ot any parl thertof fw other purposes, without thsreb~ waivu~g or ~mpair-
ing any equ~ty, liee~ w right under or by virtw of this mo:tgsge; u+d in ths eve.+t ~aid MORTGAGORS ihall fw any reason fail to keep the said premiia so
insured, or fail fo deliver promptly any of said polities of i~surance to ssid MORTGAGEE, o~ fail promptly to pay fully any premium therefo~ q in any
respect (ail ro perfam, discha~ge, execute, sffect, complete, comply wirh and abide by thi~ covenan~, w+ny part hereof, said MORTGAGEE may plxe and
pay fa iuch insurance o? any parf ihereof wilho~t waiving or affecting any option, lien, equity, or right u~der or by vi+tue of this Mortga~e, ~nd the
full ~mount of each and every such payment thall be immediately dve and payable and shall bear inte?est from ths date thereof until paid st the rate ol
nine per cantum per annum and together with tuth intaest shall be secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment w deteraration of iaid property w a~Y part thereof.
5. To pay atl a~d singulu the costs, charges ~~w a.~:.:rs, including a reascnaLle ~ttorney's fee and costs of abstracts of title, incurred or paid st
any time by said MORTGAGfE, because or in the event oi the failure on the part of tl~e taid MORTGAGOR to duty, promptly and fully perform, d~uharge,
execute, effect, complete, compty with and ab~de by each and every the stipulations, sgrecmenti, conditions, and covenants of said promissory note and thu
matgage any w either, and sa~d cosn, cM~ges and expenses, each and every, shall be immedlately due and payable; whether o~ not ~here be norice do-
mand, attempt to collect a suit pending; a~d the full amount of tach and every such psymenl ahall bea? interest from the date thereof until paid ~t tFx ~
rate of nine per centum pe~ annum; and all said costs, charga and expenses i~curred w paid, together with such interest, shall be secured by the lien of 1hu
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mat9age. ~
6. That (a) in the event of any b?each of this Mortgsge or default on the part of the MORTGAGOR, w(b) in the event any of ss~d sums of money
herein referred to be not p~omptly and fully paid within thirty (30) days next after the same severally txcome due and payable, without demand or nmice,
or in the event each and every the stipulations, sgreements, conditions and covenants of sa~d promissory note and th~s mortgage any o~ either ~re not
iuly, prompdy a~d tully perfwmed, d~xharged, exenrted, e(fected, completed, complied with and sbided by, then i~ ei~~+'. w any such event the said ag-
g::gate sum mentioned in said promisswy note then remaining unpaid, with interest atcrued, and all moneys secured hereby, shall become due and pay-
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were aginelly sripulated
ro be paid on such day, anything in sa;d p~omiuory note or in this Mortgage to 1he con~rary ~otwithstanding; and thereupon w thereafter at the option of
said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe w thereafter begun, may be pr~cuted as if all moneys secured hereby
nad matured prwr to ita institution.
7. That in the event that at the be9inning of or af any time Esendirg any suit upon this Mortgsge, or to fweclose it, or to refwm it, w to enfwce ~
paymenl of any claims Fie.eunder, said MORTGAGEE shall apply to the Cou~t having jurisdictan the~eof for the appo~ntmem of a Receiver, such Court shall 4
forthwith appoint a receiver of said rtwrtgaged property all and singvlar, includ~ng all and singular the income, p~of~ts, iuves and revenuea irom whatever ~
source derived, each and every of wh~ch, it being expreuly understood, is hereby mor~gaged as if spec~fically set fath and desuibed in the granting and
fiabendum clauses hereof, and such Receiver shall have all the broad and effet?ive functions and powers in anywise entrusted by a Court to a Reteiver, and ~
such appointmem shall be made by such Co~rt as an admitted equity and a malter of absolute rigM to ssid MORTGAGEE, and without roference to the ~
adequaq a inadequacy of the value of the property mortgaged w to tlx solvency w insolventy of said MORiGAGOR a the defendants, and that such
renrs, profiu, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE a~d 1he pradice of such
CouA.
8. To duly, promptly and fully pe?form, discharge, execute, effect, complete, comply with snd abide by esch ar?d every the stipulations, agreements,
conditioro and covenants in said promissory note and this mortgage set forth.
9. ihat in the event the ownership of the mortgsged premises, w any part thereof, becomes vested in a perton other than the MORTGAGOR, the
MORTGAGEE, iri succeuors and assigns, may, without notite fo the MORTGAOR, deal with such successor or successor in interest with re(erence to this
mwtgsge and the debt hereby secured in the same manner as with Nbrtgsgor without in a~y way vitiating a diuhargirg the Mortgagws' liability here-
under or upon the debt hereby secured_ No sale of the premises herrby mwtgaged and no forbearante on the part of the MORTGAGEE w its sutcesaors
or assigns snd no extension of the time fw the payment of the deb~ hereby secured given by the MORTGAGE£ or its successors u assigns, shall opuate
ro release, diuharge, modify cha~ge a affect the orginal liabil~ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec7fically agreed that time is of the essence of this contract and that no waive~ of any obligation hereunder or of fhe obligation sr
cured hereby shall at any time thereafter be held to be a waiver of tF~e terms hereof or of the instrument ~ecured herby.
11. In add~tion to the fwego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mortgagor covenants
ar.d agrees to pay to mo:tgagee with each monthly payrnent an addirional sum estimated by mwtgagee to be equal to i%12 of Ihe annual cost of the fol{ow- !
~
ing:
A-Ali real property taxes levied or assessed against the above described real estate.
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i B-Premi~ms on fire and windsrorm insurae.ce as herein requ~red to be carried on the improveme~ts situate w+ the above described premises.
' C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
~ Mwtgagee shall (rom 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 thereaiter until mortgagee :hall notify mortgagw of a change in such
~ amount. Such sums sF.al! be applied by mortgsgee toward the payment of real property taxes, inwrance prem:ums, and mwtgage guarant~ insurance
~ premiums. -
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xf his hand and seal the year firsf afwesaidcye=E'/~
~ Signed Sealed and livered in the presence of:
~ T,~_ I.~ hn . .n :
~ an
~ ~
~ n
~
~ SiATE OF FLORIDA ~
~ St Lucie
couNTr oF •
Befwe me persooally appeared Raynond Bergeron a~
Angelina I's6~q@ZOfl hw „v;fe, to me well known and krawn to me to be ~
rhe ind;vid~als described i~ and who executed tlx foregoinp instrument, and ackrawledged before me that they executed the same for t!x p~rposes
~ therein expresxd. And the sai~ Angelina Bergeron
~ W~fe o~ t~ .~~a Rayaond Bergezon a
, upon a separate and ~vat~
~ examination by me taken separate and apa?t from her said husband, adcrwwledged to end before me that she executed said imtrument freely ~nd volun-
~ rarily and witi~out sny compu(sion, constraint, apprehention, o fear of or irom her said hvsband.
~ WITNESS my hand and official seal thi day of January q, D. 19 7O ~
~
_ Notary Public in end for t State of F{orids at lar~e
My Cwr?miss~w? .:pi.es:
~ Return To: - •~(bTl6til . PUBIICr STATE OF FLQRtDA AT IJ1RfiE
~ Fint Federsl Savings 3 toan Association .'.MY CO NIIS;ION EXPIRES SEPT. 23~ 1973
~ Of fort P~erce. ••••~•,t11~ F~ ~
~ fort ?ierte, Florida , ~ ' ~r ~ y
3= ~ - • r" ~ = ' FtLED AND RECORDEO'
~ = r ~ s-= ST. LUCIE COUNTY. FLA.
~ g John W. Collins:~~ K~COP,r~ VErZiFlED
This Instrument Prepa~2~ y - . ~
` First Federal Savings b Loan Association ' ~ ~j• ~ ~ ~ ` ~ ~882~1,
~ ~ of Fort Pierce Rlol[ida ,~~.1~ •
' _ - '70 JA~~ I 3. AM !0 : 26
~ "f~•~~~~,..•'~ ~
~ Checked By ~ ~ ~.~,~1
~
~ ROi;~?? ~ Oi i P,AS
800K~~~ PAGE 6~ CLERK CIRCUIT COURT~
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