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HomeMy WebLinkAbout2439 3. To p~ece and continuously kcep o~ ~he bui:dings now w hereaftc~ situste on said land and on all equipmenl and personally covered by this mor~g- ege, with all prom~um• the~con pa~d ~n full, fire iniurance in the usual ~~endard po~icy form, i~ a sum approved by the MORiGAGEE, and windttonn insurence i~ ~he us~al itandard pol~cy iam, in + ium ~pp~o~ed by ~he M~RTGAGEE, in tuch compsny or co~npan~lS as the MORTGAGEE may d~rect; and atl fire and w~nds~o~m iniur~nce policiet o~ a~y of said build~ngs, ~ny interest therein o~ part thereof, in ~he agg~egs~e sum afwesa~d or in eaceu ~hereol, shall contain ~he usual ~tandard mor~ga9ee clause w such other clauss at tM Ma~gagee may requ.ro. ~*+ak~ng ~he Io?s undrr sa~d poli- c~es, each and eve~y, payable ro s~~d MORTGAGEE as its i~teres~ may appear, ~~d each and every such pot~cy ahall be prompfly a3a gned and de~~vered ro any heid by as~d ~VtORivAGf~ as ~octAa: scturity sa sei~ r.eo:tgagr ds4!, i~!d, ^s± ~e*+ +h+^ ~.n t101 days in advance of the expirauon of each pot~cy, ~o de- Iiver to sa~d MORTGAGEE a renewal thereof, together with ~ rece~pt fw the premium oi such renewal; and there shall be r+o f~re or windsior~n insv~ance _ .+.~.~..t n!_.. ~:1,. 4..,~., .n~ .,..~l~ :F+• loes oavable as afpr~said; and in the event any sum . . • piaced on any oi sald 'ou~wuy~s. :ry ~~~tece,t r.... _ . . of money become~ payable under such polity w policiss said MORTGAGEE shall have ~he option to rcceive and apply the same on account of ~he indrbted- ness sewred he~eby w ro p~rm~t said MORTGAGORS to rcceive and use it a any part ~hereof for other ~utNOSNS, ~v~IF10~t ~h ~r~ wa~., ~3 ~r ing any cqu~ty, lien a right under or by virtue of this mor!gage; and in the event ssid MORTGAGORS ahal~ for any reason fail to keep the sa~d premis~:s so ins~red, o~ fail Ia de~iver promptly any of taid polities of insurance to sa~d MORTGAGEE, or fa~l promptly to pay fully any pr~~n~um therefor oi in a~y rrspect fail to perform, d~scharge, execute, effect, complete, tomply with and abide by thit tovenant, or any part hrreof, sa~d MORTGAGEE may p~acr a•~o pay fw suth insurante or any patt thereof without waiving o~ affecting any option, lien, equity, or righl undrr w by virtue of this A~or~gage, and the tUll amount of each and every s~ch payment shall be immediately due and payable and shal! bear interest from tha date thereof un~il pa~d at ihe rate ol nine per centum per annum and to~rthrr wnh such imerost shali be secured by the lie~ of thii mo?tgage. 1. To permit, commit or sut(er no waste, impairment w deter~o~ation of said property or any part thereof. 5. To pey all and singulsr the costs, chargei and expenses, including a reasonable attwney's fee and costs of abst.acts of t~tte, incurred or pa~d a+ any time by said MORTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duly, p~omptly and fully perform, d~scharqe. e.ecvre, eiiec~, comple~e, comply w~th and ab:de by each aod every the stipula~wns, agreements, cond~tions, and covenants of sa~d prom~ssory no~e and ~h~s ,,or~gaae any or ei~her, and said costs, charges and expenses, e+ch and every, shall be immediateiy due and payabie; wheiher or not ~he~e be no~~ce dw mand, attempt to collcct or suit pendi~g; and the full amo~nt of each and every such paymeN shall bear m~eres~ from tne daie inereof uniii po~u ss ~~:c r,ee o~ nine per centum per annum; ane+ all said costs, chargea and expenses iixurred or paid, together w~th such ir.terest, shall be secured by the iien of th~~ mortgage. 6_ That (a) in the event of any breach of this Mwtgage o~ default on the part o( the MORTGAGOR, w(b) in ~he evenf any oi sa:d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payabte, withou~ demand or not~ce, or (c) in the event each and every the stipulations, agreements, cor~d~tions and covenants of sa~d promissory note and th~s mortgage any or e~ther are not ~uly, prompNy and fully perfwmed, d~scharged, executed, effected, completed, complied with and ab~ded by, theo in eilher w any suth event the u~d ag- gregate s~m mentioned in said promissory note then remaining unpaid, with intaest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, w thereaftcr, af the oprion of said MOR7GAGEE, as fvlly and completely as if all of the said sums of money were onginally s~~pu~ated !o be pa~d o~ such day, anything in said promissory note ur in this Mortgage to the contrary notwithstand~ng; and thereupon or ~hereafte~ at the opt~on of s~~d MORTGAGEE, without notice o. demand, suit at taw or in equity, therefore w~hereafter begun, may be prosecuted as ~f all moneys secured hereby rad matuted pnw to ~ts institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to faectose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shatl apply to the Coun having jurisd~ction fhe.eot for the appo~ntment of a Rece~ver, such Court shall Forthwith sppoinl a receiver of said mortgaged property all and singular, includ~ng all and singular the income, p~ofits, issues and revenues from avhatever sou~ce derived, each and evtry of which, it being expressly understood, is hereby mortgaged as if spec~ficai:y set forth and desuibed in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powera in anywise entrusted by a Court to a Recriver, and s:.ch appointment shall be made by such Court as an admitted equity and a mattts of absolu~e r~ght to said MORTGAGEE, and w~thout re(erence to tF.e edeqvacy w inadequacy of the value of the p~operty mortgaged or to the sotvency or insolvency of said MORTGAGOR or the defendants, and that such ren~s, profits, income, issues and revenues shal~ be applied by such Rece~ver accord~ng to the lien or equity of said MORTGAGEE and the praaice of such CouA. 6, To duly, promptty and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the st~pulations, agreements, conditiona and covenanrs in sa~d promisswy note and this mortgage set fwth. 9. That in the event the own~rship of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the YORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor w successw in interest wi~h reference to this ~-o~~gage and ~he debt hereby secured in the same manner as with Mortgagor without in any way vi~iating or d~xharg~~g the Mortgagori liabil~ty here- ~nder w upon the debt hereby sec~red. No safe of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its s~ccessors or assigns and no extension of the time for thr payment of the debt hereby secured given by the MORTGAGEE or its successors or ass:gns, al~all operate ra release, d~scharge, mad~fy change or affect the orginal liab~l~ty of the MORTGAGOR here~n, either in whole or in part. 10. It is speuf~catly agreed thst time is of the esxnce of this contract and that no waiver of any obligat~o~ hereunder w of the obligation sr c~red hereby shatt at any time thereatter be held to be s waiver of the terms hereof w of the instrument secured herby. 11. In add~~ion to the fo~ego'ng monthly payments of princ'pal and interest required by the promiswry no!e secured hereby, mortga~or covenants s•.d agrees to pay to mortgagee wirh each mo~thfy payrnent an add~~ional sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- 'ng` A-Atf real property tazrs lev~ed or asseszed aga~~st thc above desvibed real esrate. i B-Pran,~ums on f~re and windstorm insurance as herein requ;red to be carr~ed on the improveme~ts s~tuate on the above d:scr~bed premises. ~ C-Premiums on such mwtgage guaranty insurar~ce as morsgagee shall from t,me to t~~ne deem fit to carry on the loan secured hereby. i Mortgagee shall from time to time notify mortgago+ in writing of the amount due and payable hereunder and such sum shall thereupon be due and ` ; avabte on the due date of the next monthfy payment and each successive month thereafter ur,ti! mortgagee shall not~fy mortgagor of a change io such E ount. Such sums shail be app~ied by mortgagee toward the payment of reat p.operty taxes, insurance prem:ums, and mortgage guaranty insurar,ce ;remi~ms. s IN ~NITNESS ~YHEREOF, the sa~d MORTGAGOR has herounto set his hand and seal the day and year first afor id. ~ 'S~gned, Sealed and deliYr~red in th''presence of: .J ~ j~' ' ~ ~ , i ~ ~I tGi~ 1Seal) ~ - % Charles E. Berube ~~ai~ ~ ' ) . ~ (Sea~) ~ ~ f_/ ! ~ ('i C~ ~ f ti ~~c _ ~1~L (Seap ~ - - ` ~1' MaY E. a erube S~ATE Or FLORIDA ~ ~ ~ COUNTY OF SL . L.L~C 1Q ~ Charles E. Berube ~ Before me personally appeared and ~ E. Ber ube his wifc, to me well known and known to me to be rhe individ~a(s desc.ibed in and wFw executed the fwegoing instrument, and acknow:edged before me that they executed the same for the purposes ~ ~ therein expressed. And the said ~x E Berube ~ ,Nife of the said Charles E. Berube upon a separate and private ya e.am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrument.fretly and voluo- tl.-.~~~' ranly and w~thout any compuls~on, constraint, apprehens~on, or fear of w from er ssid husband. : ~ 1 ~ ~ ~ WITNE55 my hand and official seal this--~~ }F` dsy of ~ February A~ p}y~_ ~ ! ~L~ _ , ~ _ 1 - Not~ry Public in and fof the ~iite p~ Flo~ida` +t larae - My Commission expires: ~ : ; a~r~~~ ro: ~ -1 S~ ~ . first Federal Savin s 3 loan Associatlon ~J ~ 9 ~ • - Of Fort P:erce. • 4,; ~ i 4- fort Pferce. Florida ; fILEi rNC °tCORDED . . ~:y ST. tUCIF COUNTY FIA. R6CE~ PG~:TRAS ~ CIE~x ~':::,UtT COURT This Instrument Prepared By J. H. Rot~erts, Jr.pf^Q°t` YE~'~IED ~x; First Federal Savings 8 Loan Association of Fort Pierce ~ Florida F~e l 4 Zi PM ~~3 r;; 0 R 2~O PACE~~JV Checked By ~r~~^~~ SOOII Y z~~ sb ~ ~ F`n4...,:', _ . _ . . - _ - ' ~ y ~ - . i. . ...4.. . . . . ~St" ~ b. . ~ . Y~~