HomeMy WebLinkAbout1270 3. To place and continuously keep on the buitdinqi now or hereaftsr sitwt~ an said land and on aU equipmenf ~r?d penon~lly covered by thi~ ma
ag~, wilh al) premiunw lhereon pa~d in full, fire insurance i~ 1hs ~sual ttandard policy fo~m, in a s~m ~pprovad by ihe MORiGAGEE, •nd windsto
insuru~c~ 4~ ~M uswl itu+dard pol~cy iorm, in a sum approved by ~M MORTGAGEE, in such company w companin a~ ~M MORTGAGEE m
diractp ~nd ~II fir~ and windirarm ins~rance policiss on any of iacd buitd~nps. any inhrest tha~ein w p~rt tMreoE. i~ the apgrcy~~e wm afo~esaid
in ~xc~ss thereof, sAall con~aie ~he ~swl i~andard mortga9e~ d+ust o? iuch other da~ie as tM Mortpa~ee may ~eqwn, ma?ir?p ths Ioss under sa~d po
uei, each u?d eve?y, payable ro said MORTGAGEE as its in~erest may appear, and each and eve?y such pollq ihal) be promptly au:~ned and delivered +
~ny t~eld by sa~d MORTGAGEE as fur~ha security to ss~d matgage debt, and, eot ku tt?~n ten (10) days in advance of the expiration of each policy, to d~
Gver to said MORTGAGEE • re„ew~l thersof, Iope~Mr with • receipt fu Ihe prtmivm of such renewai; and there shall be no fire oi wi»dstam i~surant
p~aced an any of said bvildinyt. +ny interest therein or part thereof, u~leu io the form ~nd with ths loss payable si atoresaid: and in the event any su~
of nwn~y becomet payable u~der tuch policy or policies wid MORTGAGEE shall have the option to ~cceive and apply ~he same on accounl of the indabred
neas secvred hereby or to pe~mit s~id MORTGAGORS to receivo and u~e it p any part thereof lor other purposes, ~vi~hout th?rebp waivi~i3 oi ~mpair
ing ~ny equiy, lia~ a right under a by virtus of thii mortgage; ~nd in tM ~vent w~d MORTGAGORS shsll for any reason fail to keep the sa~d prem;srs so
insured, or fail to deliva promptly any of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fu1ly a~y premium therefw or in any
respect fai! to pc~form, discharge, execute, effect, complete, comply with and ~bide by thls covenant, w s~y parl he~eof, said MORTGAGEE may pl~te a~.d
pay for suth irtwrant~ w ~~y pa~t thereof without waivinp w ~ffetfinp any option, lien, equity, or right unda w by virtue of fhii Mwlgage, and thc
full amount of each and every tuth payme~t shall be im~ned+ately due and payable and shall be~r interest from ths date thereof until paid at the ~ate of
nine per centum per annum and together with such imerest shall be secured by 1M lien of this mortpage.
1. To permit, commit or suifet no wasts, impa'ument w deteraration of said property ot any paA thereof. ;
5. To pay all and singul~r the costs, cMr~et and expenses, including a reason~bk at~orney's (ee and costs of abstratts of title, incvrred or paid st
any time by said MORTGAGfE, btcauu or in the event of the failv~e ort the part of the said MORTGAGOR to dvly, promptly and fu~iy periwm, d~xiarya.
execute, effect, complete, compty w~th and ab;de by each ~nd every the atipvlstions, egreements, co~ditiw~s, and mvenants of said promissory note and th~s
matgage any a eithe~, and said tosts, charges and expenses, eath a~d every, shaN be immediately due and payable; whethcr w not ~here be notice dr
mand, aftempt to colkct a suit pend~ng; and the fvll anw~nt of each aod every such payme~+t shall bea. inrerest from the date the~eof until p~id ~t the
r~te oi nine per ce~tum pe? annum; and all uid costs, charges and expenses i~c~rred ot paid, togNher wilh such intereit, shall be secured by the lie~ of thiu
mort9s~. .
6, ihst (a) in tl~e event of any breach of this Mortgage or default on the ps?t of the MORTGAGOR, w(b) in thQ event any of ss~d sums of money
herein ~efet~ed to be ~ot promptty and fully paid within thirty (30) days nex~ aiter 1he same severally become due and payabfe, withovf demand w notice.
or (c} in the event each and every the stipulatiw?s, agreement:, tond'+tions and cove~ants of sa:d promiuory no~e and th~s mortya9e a~y w eithcr sre not
iuly, prompNy and futly perfornxd, d~uharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag
gregate wm mentioned in said promiswry note then remaininp vnpaid, with interest aarued, and all moneys aecured hereby, ahall bccome dve and pay-
able fo~thwith, w tAcreafter, at fhe option of said MORTGAGEE, as fully and complNely as ii all of the said wms of mooey were origin~lly stipuleted
to be paid on such day, a~ything in sa;d promissay note or in this Mortgage to the contrary notwithstandi~g; and thereupon or therealter at the option of
sa~d MOQTGAGEE, withoW notice or demand, suit at !aw ar in equity, therefo+e or thereaher begun, may be prosecuted as if all moneys searred hereby
nad marured pr~w to its irntitution.
7. Thst in the event that at the beginning of or at any time pend;ng any suit vpon this Mwtgage, or ro foreclose it, or to refwm it, or to enforce
payment of any claims hereunder, said MORiGAGEE shaH apply to the Covrt having jur~sdiction the~eof fw the appointment of a Receiver, such Coun shall
Forthwith appoiM a reteirer of said mortgaged property all and sing~la~, encl~d~rg aIl and singular Ihe irtcome, prafits, issues and rtvenues from whatever
source derived, each and every of whKh, it being exp?essly ~nderstood, is hereby mortgaged as ii specifically set fwth and described in the g?anting and
habendum dauses F~ereof, ar~d such Receiver shall F?sve sll the broad and effective funct~ons and powers in anywise eMrusted by a Cou~t to a Reteive~, and
s~ch appointment shall be made by such Court as an admitted eqvity and a matter of absolute right fo said MORTGAGEE, and' without refe?ence Io the
adequacy or insdequscy of the valve of the property mwtgaged or to the wivency a insolvency of said MORTGAGOR w the defendann, and that such
rems, profits, income, iuues a~d revenves shatl be applied by such Receiver atcording to the lien or eqvity of said MORTGAGEE and 1he practice of such
Courf. . •
. .
8. To duly, promptly and fully perform, discharge, execute, eftect, complete, comply with and abide by tach and every fhe stipulations, agreements,
conditions and covenams in said {xomissory note and this mortgage set fwth.
9. That in the eve~t the ownenhip of Ihe mortgaged premises, or any part thereof, becwnes vested in a perso~ other than the MORTGAGOR, the
MORiGAGEE, its wccessors and aasigns, may, witFwu~ ~o~ice to the MORTGAOR, dcal with such successor w successor in intere~t with ?eFerelice fo tbis
mortgage and the debl heieby secured in tFx same manner as with Mwtgagor without in any way vitiating o~ dixha~ging the Mortgagors' liability FKra
under w upa? the debt hereby secvred. No sale of the premises hereby mortgaged and no fwbearance on tF?e part of the MORTGAGEE w its successors
or assigns and no extension of the time fw the payment of ihe debf hereby secured given by Ihe MORTGAGEE or it: successors w assigr?s, s~'wll operate
~o release, d~xharge, modify change or aftect the original liability of the MORTGAGOR herein, either in whok w in part.
10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secu?ed herby.
i 1. fn add~tia~ fo the forego:ng monthly payments of princ'pa! and interest required by the prom~ssory note secured hereby, mwtgagor covenants
snd agrees to pay to mortgagee vvith each mo~thly payrnent an addi~ional sum estimated by mortgagee to be equal to 1~12 of tfie annual cost of the follow-
ing;
A-All rea! property taxes (evied or assessed agai~st the above described real esrate.
B-Prem7ums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts s~tvate on the above described premises.
C-Premivms on such m«tgage guaranty inwrar,ce as mortgsgee shall from t~me to time deem fit to carry on the loan secured hereby.
Mwtgagee shall from time to time notify mortgagor in writing pf the amount due and payable hereu~der and such sum shalt ttwreupon be due and
~ayable on the due date of the nexr month:y paymeret and each successive month thereafre? ur.til matgagee shall notify mortgagor of a change in s~rch
a-r.ount. $uch sums sF.all be appiied by mwtgagee toward the payment of real properiy taxes, insurarue prem:ums, and mortgage gvaranfy insurance
p~emiums_
iN WITNESS WHEREOf, rhe said MOR tiAGOR has hereunto xt his hand and seal the day ear fint aforesaid_
Signed, Sealed and deliv in ihe of:
~ ~ a4
a o d Ber e o an
, -
_ /
ap
STATE OF FLORIDA ~
COUN)Y OF $t . Ll1Cle ~
' 8efo~e me pe~aawlly appeartd Ravmond Beraeron
' Anaelina Beraeron
his wife, to me well known and krawn to me to be
; the individwls described in and wFa executed the foregoirg instrument, and acknowledgrrd before me that ihey e:ecuted the same fw the pwposes
i therein exa~xd_ n~?d r~ ~;a Anaeiina Bergeron
' ~~fe of the said - RavmOIfd ger4eron , upon a, iva»
! examinstion by me taken separata and apart from her said husband, stkrawledged to and befo~e me that ihe executed ' instryrMl~~., y~r~olu~• ~
rarily and without any compulian, constraint, apprehe~o~,~or fear of or from her taid I~osband. -
WITNESS my hand and official seal this ' ~y o; j I~{d • ' •.D. ~7~•
• ~ ~ ~ =
'~l _ -
i tary Public in aod or Statc L~r~i' c;': :
My Commiuion expires: : -
Return To: - ; ' -,,;r'`~ :
Firat Federal Savings b Loan AssociaY~on h~%:;:~~ p~=' ''F 1~L':ttlr>;i~,/~f j~~~~+ r ~
M:} f•r~ • 7. 13:~.
Of Forf P;erce. ~ii:N£RpL ti~:~~:t~vi;,~: i,ii:~Ja':E(~y~j~~Rr~~ (~yC.
fort Pierce, Flwida
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` This Instrument Pre ared B NLEO AND RECOROEO "
P Y John w. Collins St.IUCIE COUMTY FLA.
~ First Federal Savings & Loan Association ROCER POITRAS ~
of Fort Pierce ~ Florida CLERX CI;CUIT COURT
RECORD YE~.f~EO,~..
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