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Home My WebLink About0443 ~ . ~ ~ ~ , ' • ~ PROVlDED, ALINAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness)evidenced by a certain promissory note of which the toUowing in worda and figures is a true copy tawit: ~ ~ ?~s~ct~;Re~ ~~ete I , ~ ~ , 12.5~40 _ Fort Pic~rce. F~~ri~!• _-----~~priL!~,----- 7'~- ~ : FI1R YAI.UE RECEI~'ED _ ~a~,?~~~1~ointl~ and several~ L promi-e tu pay ~ i~i th~ ord~~ ~1ALTER BERGER AND~-7ULZA~SERGER ~ HIS-CJIFE-~ ` ~hr pnnc~pal sum o( ~QUR THOIISAN~ ONF. Hi1NDR~IL_TI~IEIIITY.=E.LUE._and ~~~•~1i~ <<'l~~lh~r N~tl: int~rr~t ~ : th~r~on Irom datt al the ratc of ten prrc~nt, per annum until matunty, both principal an3 ~ntereet bc~ng pa~~bl~ +n laHEu! nwr.c? ~f ` ~ th~ Un~ted ~talea,at 2241 Biaciyne Bl~d., f11?~mi. Flori~a, ur at such other place a+ thc hulder~ hereof mav de.igratr ~n wr~ti~~~. ~ ~ ~ Pr~ncipal and inlere~t payable in inatallmentd n follo.+~: y ; I EIGHTY ($80.00) DOLLARS per month beginning on the 15th dG}• of June, 1974, and continuing on the lSth day of each and every montn there- ~ after until paid in full. ~ ~ , ~ ~ Th~s n~te may be prepud ~n Khole or ~n part aftet une ycar From thc date he:eof upon ;.ayme:~t u; a, cr.a:t; cqwv~:cr.: j t ~ t~~ f~ve percent of She Dnnc~pal sum prepa~d. ~ E~ch m~talim~nt paymcnt ~hall bt crrdtt~A (~n:t on th~ interest d~e, and th~ r~ma~nd~r un pnncipa~, aa~ mtrrr~t ~iu!! ti,:: ! upon ~~asr upuo th~ pnnc~pa~ ~o cr~d~t~d. j~` ~ Th~ maken and ~ndonsets of thie nut~ IUtI(~ff !Kt« IO wa~.i d~mar.d, f1011fr Ul ItUt1• ~a} mrnt aiid p:ulc~t, and ;r, c:.~• ~.•-nt .t.:i i .h~ll b~ brouRht (or th~ collttUun heteuf. or the rame htti !o bt to?lected upon drmand o~ an attcrney, io p~y rre-ur.~l,:~ ~tt~rr,: I trr. [oi making +uch coll~ctiun ; , De(~rr~d paymenta hereunder +hdl b~u mt~r~~t at the rate uf tcn percrnt p~r anr.um fram m~:~lrity cr.tit ~:a+d. ~ i Thi~ not~ ia acurrd by a mortgag~ o[ rven datr h~rrwith and is to tx :u~atruec: an~ entor:c~i a:c.:rdir.; tc> ttir ;aw. oi t~c I : i ~ta~r o( Flnnda; upon drf~utt +n thr payment oi principel snd,''ot ~nttr~:C whrn duc, tF:t w!tv:e ~i:m of },nnrsp~~ a;3 i~,ter~~t i ~ ~ rrmyimng unp~id shall, a1 the o~tion o( thr huldrni, become ~mmtdiatcly due and y:ysble_ , ~ ` 5~ ~~~'!.`l. ~ i - ~~~:~L~ ~ ~ ~ . , - ~ ~ i . S~ -~;-~-r.~-ti-t--~ ~ - - - ~~::5 L} ~ ~ ; 't ~ _ - - - - . _ _ _ . and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate thereby created ahall ceese and be null and void. 1. 'The Mortgagor hereby covenants and agrees: lal To p~y all tad singular che prinripal and interest and other suma of money p~yaWe by virtue of ~aid promi~ory note and tk?iw deed. or eitlkr. Prom~dy on the days respectivdy the aame eevenlly beoomn due. E Ibl To permit, commit or suffer no rraste md to maintain the impro~'eaients at aU times ~n a state of good rep~ir end condition, ud to do or permit to be ; done to ~aid premixs ooching chat w~ill alter or change the use and c}uraeter of eaid property or in any w~y impair or ~reaka~ the security of thia ; aqrtga,ge_ pnd in qae of the refusal. negleet or inability of the ~tortgagor to re~air and maintain ssid property, the ~tortgagee may. at his option, make ; such npsiro or ceux the same to be made, and advance monrys in that behalf. : ~ Ic 1 To pay all end singular the a=es. essessments. lev?es. liebilitie~. and obligation~ o( every nature ossaid dexribed propertY each and every w hen due ~ and•payable atcording to law, before they becane delinquent. eod to drliver to the Moregagee on or before ~iarch 15th of eech year tu ceoeipts ; evidencing the psyment ot all la~vfiilly imposed tues for the preceding calendar yesr: to ide~nnify t6e Mortgagee upoa hi9 demend tor all tues. asseas~ ments and chergrs that may be asses.+ed upon thie moitgaga on the indebtedneas eecured haeby. and paid by the morgagee. without reg~rd w any Lw ~ heretofore eoacted or haeafter to be enacted imposi+?8 WY+~~t of the ~bole or any part t~ereof ~on the Mortg~gee. n ~ ~dl To p~y all and singular che casts. chsrges and ezpenaes. inctudina la~cyers' (ees and abstnet eosta reaaonaWy invrred or paid at any time by the ~ ~iortgagee bec~tue of tt?e fsilure on t6e p~rt of the Mortgagor W p~[orm. wmply ~cith and abide by esch and every the ~tipulatiom, agreemmts. conditiona and co~•enant~ ot ~id promie~ory note and thiu deed. or either. aad e~~ery such psya~ent shall bev interqt from date at the rate ot ten 110961 . ~ pv centum per annum. s ~ Iel It i~ further mveneMed and agreed by said parties that in the e~•ent ot a suit being instituted to foreciose this mortgsge, the Mortgagee s entitled to ~pply at aay time peeding such forecloaure suit to the oourt Mving jurisdiction thereof for the sppointment of s reoeiva o! sll ~nd singular the ~ Rwrtgaged property. snd of'~II rents. inoanes. protite. issuea snd rcvmues thereof. trom vrhst~oever eource d~ived: aod thtreupon it is hereby eipte~.sly covenanted and agreed that the Court ~hell torthw~ith ~ppoint such reaeiva with the usual powera and dutie.+ of retrivers in like case~: ud said ~ppoint- ~s ment shaU be m~de ~y the wurt as a matur of etriet rieht w the Mortgagee. and w~ithout refarnoe to the adecp.uey or in~dequ~cy of tbe value of the ~ ~ perty hereby mortgaged. or to the solvency or inaoh•ency ot the Mortgagora or ~ny other party defendant w sucl~ suit~ The Mortgagor 6ereby specif- inUy waivea the right to objeet W the appointms+t of e reoeiva a~ etoceasid and heieby espRSSly oonseots that such appointmeot aF~all be made as ~n sdmitted equity and ae a matter ot absolute right to the Mortgagee and tl~at the same may be dorce withwt notice w the Mortg~grx. ~(I If forecbwre proceed"?n8~ shauld be inetituted against the property cmtred by thiu mortgage upon any other lien or cLim whether alkged w be ~ ~ superior or junior to the lien of thi! mortgsge. the Moctgagee msy at his optioa immediacely upon inatitution of ~uch wit or during the pendmty tl~eui - declare this mortgage and the indebtedness eecured hereby due and payable forthwith ~nd m~y at its option proceed to (orecbse this mortgage- ; Ig~ Thet the Mortgagor ~rill lceep ell real and personel property now or hereaher encvmbe~rd by the liea of this martgage inwred u msy be required trom time to time by the Mortgagce agsinat bss by fire. windstorm and other hazuds. casua3ties snd contingencies tor sucF. periods a~ tor not lea~ th~n auch amounu sa m~y be rquired by the Moregagee and to p~y prompt~y wher+ due sU premiums tor ~uth insunnce. 71~e ~mounta ot ineuraace required m by the :Norgagce aFuil be the minimum amounte for which ssid irourance ~hall be written end it shall be innunbent upon t6e 1liortgagor to m~int~in such - additional inaur~nce as mar be neceswy to cneet and comply tnlly with ali eo-in3ursrce requirements oontained in aaid policid to the end th~t the ssid ;~~.k Mortgagor is mt a co-insuror thereunder. Insurance shall be ~crittea by a company or companies approved or deaigmted by the D+tortge~ee ~nd all pdi- - cies and renewals thereof shdl be heki by the'.?tortgagee. All detaikd designations by the Morcgagor which are koepted by the Mortgagee and ~il ~gree ' ments betvree~ ~ioRgagor end !1lortgagee relating to in~ure+?ce. no~c eiisting or bece~kv made, ahaU be in writiag and ~lull be a psrt of this mortgage agreemeat a~ fdly ss though set torth verbatim herein and shall govem both pvties hereW and th~r suooesaoro and assigns. No lim up~ any ot atid - po6cies of iruurence or upon any refu~ or retura premium which mey be peyabk on !be w~cellation or terminatioa thereot, shell be given to other tlun the 1lortgagee, e:cept by proper endorsement sffi:ed w such poGcy and approved Ey ~tortgagee_ Each policy oi in~urana shall h~ve dfiud thereto a Standard tiew~ Yor{c ~f ortgagee Clsuse without Contribution. malung al! bss or lossee under such polity paY~bk to the Mortg~~ee es ii~ int~est may ~p- pear. In the event a~y eucr. or ~um~ of mooey become paYabb thereunder the Mortgagoe sfial! have t6e optioa to reoeive ~nd apply the same on xmunt r, Y oi the indebtednes~ hereby xcured. or to permit the Norsgagor to receive and use ic, or sny part thueof, w~itMut t6ereby xaiving ot imp~iritfg anY equi- ~ ti, lien, or right under and by ~irtue of thu mortgage- In event of loss or physical damage to the mortgsged property tbe Mortgsgor ~hall give imms~ate ~s 0 R ~'~'v ~ =~~i , . 80011 PACE ' - _ _ - ~ _ _ _