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Home My WebLink About0704 3. To plac~ and continvousty keep on the bu+'d~ng~ ~ow w Mr~~ittr ~ituat~ on sa~d I~nd and on ~tt equipm~nt and pawn~lly cove~~d by thi~ mo+t¢ ~p~, wi~h ~I) pr~m~umi thereon pa~d in full, fire insurance in iF» u~val ~~andud polKy fwm, in •~um •pp~o~.d b~ ~M MORTGAGEE, ~nd windstam . ~n~uranc~ in tM usual •eendard pol;cy tam, In a ium app~oved by ~hs MORTGAGEE, fn such tomp~ny or comp~nip ~s th~ MORTGAGEE may , di~Kij ~nd all fire and wi~diro~m inwronc~ poliue• on •ny ol u~d build~np~, u~y int~r~q tF?N~in w part tMrwf, in ~t» pprey~~~ ivm afa~~aid o~ In ~xces~ thereof, shall con~+in th~ uswl ~t~ndard morlgagN c1auN a iuch othe~ claus~ ss IM MatgaqN m~y ~puu~, m~kinp tM bu urdK ~ud po14 cies, each and every, payable ro taid MORTGAGEE a~ ~~s in~e~e~f may ~pp~ar, ~~d each ~nd wery tuth policy ~hall b~ promptly us.pn~d and dt~iv~r~d ~o - any heid by said MORfGAGEE ~s further ~ecu~ity to s~id mwtgage debl, and, not leu than I~n (10) d~ys in ~dvance of ~h~ ~xpi~~tion of ta:h polity, to da livs~ to iaid MORTGAGEE s renewal Ihereof, Iogelhp witA a rece~pt fw 1he prsmium ot such rtnew~l; snd Ihae ~hall b~ rq fir~ w wi~ditam iniur~nt~ i pl~ted on ~ny of said buildings, a~y iroerest there~n a pa~1 thereo(, unless in tM form ~nd with th~ los~ payabl~ as afor~s~id; and i~ the evenf ~ny tum i of money becoma payabte und~~ such potiq a polKiss se~d MORTGAGEE ~hall hav~ ~he opt~on to receive and apply ~hs ~ame on accovnt oi tM i~deb~ed- ~ neu secured htreby w to pe~mit faid 1NORTGAGORS to rtteiva and us~ it w~ny pa?t thereof for o~her purposcs, without the~eb/ waivi~g or ~mpair- ~ ~.~g any equ~ty, lien or righ~ under or by virtue of ~hi~ mo::gaye; and in tM ~vent ~aid MORTGAGORS shsll for any reawn fail to keep the ~sid p~~mixs w~-, # iniured, a fail to deliver promptly ~ny of said policies o1 iniursncs to sa:d htORTGAGEE, w fail promp~ly ~o pay tully any pr~mium therafw p in any , 3 respect fail to perform, d~scharge, e:ecute, effect, complete, comply wi~h and abide by this cova~ant, or any part hareof, said MORTGAGEE may place ~nd ~ pey lor sutA insurance oa any part the~eof withoul waivinp a ~Hectir.y any option, lien, equity, oi riyht unda w by victw of thls Ma~Qap~, ~nd tM (ull ~movnt of eath a~d e~ery such peymero ~hall be immediately dve and payable •nd shall baar interest irom th~ date thc~eof until paid at tM rab ot nine per centum per annum end to~tthe~ with wch interest shall be secured by tha lien of thii mort~a9e. ~ 1. To permit, commit o~ wiier no waste, impairment p dtterioration of said prope~ty or any p~rt thereof, s'~ 5. To pay •1! and s7ngutu the casta, cM.pe~ ard expenses, i~cluding a reasonable attaney'a fee ~nd costa of absusds of ti~l~, in~urr~ w paid ~1 ~ any time by u+d MORTGAGEE, because w i~ the event of she failure on the p+rt oi ~M said MORTGAGOR to duly, promptly a~+d fnlly psrform, d~uhar9~. : axecute, eifed, comple?e, comply w~th and ab~de by each and every ?he stipul~~~s, ayrecmenri, cond~tions, and wvenann oi said promissory note and thu mortgage +ny or e~ther, and sa~d cosb, cMrges and expenses, each and evay, sMll be immediately dw and payablt; whether p not ther~ be notic~ dr ; mand, attcmpt to collect or suit pend~ng; and the fu~l amouro of e+ch and every such payment shalt be~r interesf iran the dat~ thereof until paid at tM ratc of n~ne per centvm per annum; and alt said costs, charges and expenses incv~red w paid, Iogelher with ~uch iNer~at, ahall b~ sacured by 1M li~n of this mortpaye. 6. That (a) in the event of any breach of th~a Nbrtgage o? defavlf on the part of the MORTGAGOR, w(b) in the avent ~ny of s~~d sums of money herein referrerl to be not promplty and fully peid wirhin thirly (30) deys nezl after the same severatly betome due ~nd payabte, withoul demand M notite, or (c) In ths went exh and every the stipulations, agrcerrKnts, cond~tions and covenants of sa~d promiuwy not~ and th~i mwtpaye artp a eithsr are no1 iuly, promptly and fully performed, dixMrged, executed, effected, tompleted, tompl~ed with ~nd abided Sy, then i~ eilher w any such ~v~nt tM said gregate tum mentbntd in said promissory note fhen remaining unpaid, with inrere~t accrued, ~nd a!1 moneys secured hereby, shall become dw and pay~ eble forthwith, w therea(ter, at the opt~w~ of said MORTGAGEE, as fully and complttely as if all of the said sums of money w~re piginaliy itipulated i to be pa~d on such day, anything in sa;d prom~sswy oote or in this Mortga9e to ~he co~trary notwi~hstanding; and tl~ereupon w thereaite? at the op~io~ of said MORTGAGEE, w~~hout notke w dema~d, suit at law a in equity, therefore o~ thereaf~er begun, may b~ proxcuted ai if all ~noneys sewrd hereby nad marured pnor to in instirution. 7. Tha~ en the event fhat at the beginning of w at any time pendin~ any svit upon this Mortgage, a w f«ectoss i~, w fo refam it, w fo e~face paymcnt of any claims he~eu~der, ssid MORTGAGEE shall apply to the Court having jurisdict~on thereof for the appointment of ~ Receiver, such Cou?t shal! fcrthwith appoint a receiver of said mutgaged property all and singuls?, includ~ng aIl and singular the intoms, ptofifs, iswts ~nd revenws from whatever source der;vcd, each and every oi whrch, it be~ng expreasly undera~ood, 1s hereby mortgaged ai if apeGiitally set fwth u+d dtWibed in the p~anting snd habendum clauses hereof, arxl s~ch Receiver shall have all the broad and ef(ective funu~ons and powas in a~ywis~ tntrui~ed by • Court to s Receiver, ~nd s~ch appoirtmen~ shall be made by such Cowt as an edmitted equ~ty and a matter of a6solute right to said MORiGAGEE, ~nd without re(erence to the edeq~acy w inadequacy of the value of ~he properry mortgaged o~ to the wtvency or ~nsowency o( said MORiGAGOR or the defendants, and fhat auch renrs, profits, income, issues and revenues shatl be applied by such Receiver according to the lien u equity of said MORTGAGEE and the prutite of iuch Court. 8. To duly, promptly and fully perform, discharge, exccute, effect, complete, comply with and abide by each ar~d every tFN stip~latio~s, ~greements, conditions and covenants ;n sa+d promistory note and this mwtgage set'fo~th. ' 9_ That in tAe event the ownership of tha mortgsged prem~ses, br any pari thereof, becomes vesfed in a person other than tht MORTGAGOR, tF+e 1 +vORTGAGEE, iis succeuws and ass~yns, may, wi~hovt no~~ce to ~he MORTGAOR, deal w~th such wccessw a wcceasor in i~teresf wi~h re(erence to this ; mortgage and the debt hercby secured in the same manoe~ as with /~Aortgagw without in sny way vitiating p d~uharging the Monp~gors' liability hera ~ under or upon the d~bt hereby secured. No sale of the premises hereby mortgsged snd no (wbearante or+ the pan of the AAORTGAGEE w its successws or ass~gns and no extens~on of the r~me for the paymrnt of tF~e debt hereby seuxed yiven by the MORTGAGEE or itt successors ot auigns, shall operate ro release, d~scharge, modify change or afiett the original liab~lity of the MORTGAGOR herei~, eithet in whole or in put. ' 10_ It is apeuficaliy agreed that time is of the essence of this contract and that no waiver of sny obligation hereunder or of the oblipation sr cvred hereby ahall st any tirtx there~fier be held to be a waiver of 1he terms hereof p of the inslrument securcd Me+by. 11. In add~lion to ~he torego;ng monthly payments of princ'pa! and interest required by the promissory rro!e secured hereby, martgsgor covensnts # and agrces to pay to mortgagee v.~th each monrhfy payment an add~rional sum est~mated by mo~tgagee to be equal to 1~12 of the annual cost of the follow- 'n9` ' . Y A-Alt real property taxes Icv~ed or assessed agai~st !!~c above described real estate. ~ B-Premiums on fire and wu~dsterm irtsurance as herein requ;red to be carried on the improvements situate on the above dtsuibed premises. C-Premiums o~ such mortg~ge gvaranty insurar~ce as mortgagee shail from t~me to time deem fit to csrry on the loan secured here6y. Mortgagee shail from time to time norify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupq~ be due and ; ayable on the due dafe of the ne.r month:y payment and each successive mooth the.eafter ur.til mortgagee shal~ notify mortgagor of a change in such a^~ount. Such sums shaSl be app:ied by mo.tgagee toward the payment of real property taxes, insurance p~em:ums, artd mortgage guaranty insurance c*emiums_ IN WITNfSS WHEREOF, the uid MORiGAGOR has hereunto set his hand and seat the day a~d year firit aforesaid. ~ Sipned, Seated and delivered in the presence of: Q~ ' ~L'~ i.B~ J~~l-~4~y~ ~esn ; ~ ~ ' ~ R nal S. Bousassa ' ~ ~ a~ ~ f !t ~ ~ = ~ SiATErO~F fl0 IDA ~ u_ couvn oF St . Lucie ~ ~ Befwe me perwnally appeared Ronald BOIIIdSSa Rita Bourassa his wife, to me well known and known to me to be ~ the individusis desuibed in and who eXecuted tha oregoing instrument, and scknowiedged before me that they exetuted the sams for tbe purpoees ° rherein expressed. And the aaid Rlta `J. ~01118SS8 ~ Ronald S. Bourassa - ; wife of the wid vpo~ a separats snd pirvat~ ; ~ e.aminat~on by me taken separate and apart {rom her said huaband, acknowledged to and beiore mt that she executed said inst~umenf freely and voiun~ ¢ ra~i{y and withovt any compu~sion, constraint, apprehens;on, or fear of or from her uid hutband. * i WITNESS my hand and offic~al seal thiL 26th d,y ~ November q, D. 19 75 ` ~ _ ~ ~ ~ ! LE ~ ` Not~ry Public in ai~ for the tste of id~ st lary~ ; _ - ~ 3~~~ ex~;.~.: ; Retum To: x First Federsl Savings a loan Associafion { i : ` ~ L ; Of Fort Pe:ce. S1 l:l.. ;_',h!~~tl~ : Fort Pierce, Florida ~ ! j ~ ~ -~'nr+-+Cs~ - . ~ ~ This Instrument Prepared By John W. Collili~ S0 ~h ~rj s " First Federal Savings 8 Loan Association d~ ~ ~ ~ of Fort Pierce , F loI ida ' ' _ ~ ` ; ~ _ ' ~ ; ~ Checked Byt~~~_ ~ . - ~ " . , f ~ ~ ~ 1~ ~ac~ ~1~~ ~ . 6~~~2 ~ ~ ~ - - _ _ ,~~~,.y° _ J~ ' s.~..~ . ~ . ~ : : . ~',S..L _ ~ ~