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HomeMy WebLinkAbout0173 3. To place and continuously keep o~ 1he bui'dingt now a hereaftet ~~tuats on said land and on atl cquip~nent and peisonally tovered by this matg- sg~, with al) ptemiums ~hereon pa~d in iull, fire insurance in ~he vsual sundard po~ity fwm, in a s~m app~oved by Ihe MORiGAGEE, and winds~am ~~surante tn ths usual ~ta~dard po~~cy form, in ~ sum appro~ed by the MORTGAGEE, in tuch canpa~~y or companiei ai iM MORTGAG[E may directj and all fire and w~ndstorm insurarxe poliuet on anY oi ~sid build~nps, any inlere~l ~herein or pa~t thereoi, in the s99regste sum ~fwesaid w In excess thereof, shall cw+~ain tM usual standard mortgagee clause w such olher clause as the Mortg~gee may requ~~e, m+k~~9 ~o~s unJrr »~d po~F cies, each and every. parable ro:a~d MORTGAGEE as i~s interesl may appear, and eac~ and eve~y a~ch pol~cy shall be promptiy ass gned and detivered to any held by said MORiGAGEE ss (ur~her eecurity to u~d mortgag~ debt, and, not ~eu ~han ten l10) days in advance of the expir~tion o( each policy, to de- livb to said MORTGAGEE a renewal thereof, Ioga~ha wi?h • receSpt (w the {xemivm of such re~ewal; a~d there shall be ra f~re or wi~di~o~~n insurance , plsced on +ny of taid bvild~ngs, +~y interes~ there~n or part thereof, unless in the form end with Ihs lou paYable as aioresaid; and i~ the evenl any sum of money becanes payable under such policy w po~~ues wid MORTGAGEE shall have ~he opt~on to receivr and spply the ssme or+ auw+nt o( the ~~debtrd- ness secured hereby or ro permit es~d MORTGAGORS 1o reteive •nd vse it w any pa~t thercof for oti~er purFwses, ~viiho~t ~he~~o~ wawiny o~ ~~~~F~~r- ing any equity, I~en or right u~de~ w by virtue of this mo:sgage; and in the avcnt u~d MORTGAGORS shall fw any reaw~ (sil to keep the said premisr~ w` insured, or lail fo deliver promptly ~ny of said po~~ties of inturante to sa~d MORTGAGEE, or fail promptly to pay futly any p~enuum therefor or in a~y respect fail ro pertam, d~scha~ge, execute, e(fect, comPlete, comply with and abide by this cove~ant, w any part hereof, said MORTGAGEE may place a~~d pay (or such insurarue or +ny part thereof w;thout waiving ot affecting any opho~. ~ian. equ~~Y• a right under a by virtu~ of thk Matga9e, ar+d tht full amount of each and every such payment ~hpll be immediately due and payable and sha~~ bear interest f~om the date thereol until paid a~ the rate ol nine pe? centum per innum and t~ether wifh such inte~est shaii be secured by the lien of this martpage• 1. To permit, commit or suffer no waste, impairment w deterioration of said prope~ty w sny part thereof. 5. To pay all a~d singu~sr the costs, charges and expenses, including a reasonabie attorney i fee and costs of abstracts of ht~e, incurred or paid af any time by said MORTGAGfE, because or in the event of tha failure on the pari of the said MORTGAGOR to duly, p~omptlY and fully perform, d~xha.ge, rxecute, etfect, canptete, comply w~th and ab:de by each and every the stipulations, agreements, conditiona, and cove~ants of seid p~o~n~sswy ~ote a~d tfiis mwtgage any w ei~hcr, and said cosn, charges and expenses, each a~d every, shall be immediately due and payabls; whNher w not ihc~e be norice da mand, attempf to co~kct w suif pend~ng: s~d the full amount of each an:! every svch payment shail bea. interes~ from the date thereof until paid a~ ~he ra~e of nine per centu:n p.:r anuu:n; and a~l said tosts, charges and expenses incurred or paid, together w~th such interest, ihall be secured by the lien of thes m0~19~q0• 6. That (a) i~ the event of any b~each of this Mortgage w default on the part of the MORIGAGOR, or (b) in the event sny of u~d sums of money fierein referred to be not promptlY and fully paid within th~rly (30) days next after the same seve~atly becane due +nd payable, wilhovl demand or no~~ce. or (c) in the event each and every the stipulations, agr~ements, cond~tans and covenanta of sa~d p~wnissory r+ote and th~a mwtgage any o~ either are not ~uly, promptly and fully pertormed, discharged, rxecuted, effectzd, compteted, compl~ed with and abided by, ~he~+ in eitFKr or any iuch eve~t the said ag gregate sum men~ioned in said promissory note then ~emaining unpaid, ~vith interest accrued, and afl moneys secured hereby, shall become due and pay- ab;e forlhwith, w thereaf~er, at the op~~on of said MORTGAGEE, as fully and comple~ely as ii all of the sa~d sums of money were w~ginally st~pulsted ro be pa~d on such day, anything in sa:d prom~aso~y note or in this Mortgage to the contrary no?wi~hstsnding; and thereupon w lherealler a~ the opt~on of said MORTGAGEE, without no+ice o~ demand; suit at taw a i~ equity, therefore w ~hereaiter begun, may be p?osec~ted as if all moneys secured hereby had matutec~ pr~or fo its insiitution. 7. That i~ the event that at the beginning of or at any time pending any su~t upon this Mortgsge, a to faec~ose it, or to reform it, or to enforce payment of sny claims hereunder, said MORTGAGEE shall app~y to the Court having jurisd~a~on the~eof lor tF~e appo~ntment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng a~l and singu~ar the incorne, p?ofits, iss~es and revenues irom whatever so~rce derived, each and every of wh~ch, it being expressly understood, is he~eby' mortgaged as if s{.r_~tically set fwth and desuibed in the 9raming and habendum dauses hereof, and such Receiver shall have all the b*oad and effective funct~ons and powers in anywiu cK+trusted by a Court to a Recei~er, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right fo said MORTGAGEE, and w~thout reterence to the adequrcy or inadequacy of Ihe value of the property mortgaged or to the suive~cy w~~solvency of said MORTGAGOR w the defendants, and that such rents, profits, income. ~ssues and revenues shat! be app~ied by such Receiver accord~ng to the lien or equity ot uid MORTGAGEE and the Rractice of such Court. 8. To duty, p~omplly and fully perform, discharge, execute, ef(cct, complete, comp~y wi~h and abide by each and every the stipulations, agreements, conditions and covenants in sa~d Qromissay note and fhis mortgage set twth. 9_ That in the evcr.t the ownership of the mortgaqed premises, or any part thereof, becomes vested in a person other than the MORTGACaOR, ihe M.ORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this mortgage and the dzbt hereby secured in the ssme maroier as with hlortgagor witFwut in any way vit~ating a discharg~rg the Murtgagors' liability herr under or upon the debt hereby secu~ed. No sale of the premises hereby mortgaged ar.d no fo~bearance on the part of the MORTGAGEE or its successors or assigns and no eatension of the time for the payment of the deb~ hereby secureJ given by the MORTGAGEE ar its successws or ass~gns, shall operate ro release, d~scharge, modify change or affect the oreginal Iiab~lity of the MORTGAGOR herein, either io wFale or in part. 10. It is speuficalljr agreed that time is of the euence of this contract and ttwt no waiva of any obfi9ation hereunder or of the obligatan se- cured hereoy shal! at any time thereafter be held to De a waiver of the terms hereof w of 1F~e insirumeot secured herby. 11. In add~tic~ to the forego'ng monthly payments of princ'pal and i~terest requ~red by the promissory note setured hereby, mortgagor covenants and agrees to pay to mortgages w'ith each monthly pay~r.ent an add~~ional sum ei~~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ng: , A-All real prope.ty taxes levied w assessed aga~•ist the abo~e described real estate. B-Pre~niu~ns on iire and windstorm insurar.ce as herein ?equ;red to be car.ied on the improvements situate on the sbove described premises. ~ C-Premiums on such mortgage guaranfy ir.surar,ce as mortga9ee shall from t~rt+e to time deen+ fit to tatry on the loan secured hereby. ~ Mortgagee shall from time to teme notify mortgagor in writirg of the amount due and paysble herevnder ~nd suth sum shall thereupon be due and ~ ~.ayable on the due date of the next monthly paymeM and each wccessive rno~th tF~ereaher urtil mortgagee shall nolify mortgagw of a change in wch a••~ount. Such sums sFall be applied by mortgagee toward the payment of real prope?ty taxes,- insurance prem.ums, and mwtgage guaranty insurance i ~ p~emiums. ~ IN WITNESS WHEREOF, the said MORTGAGOR fias hereunto set his hand and seal the day and year 'rst sforesaid. Signed. Sealed and delivered in the p~esence ot: f lE0 ~NQ REC~R~~~. a~ i~, ~uc c couN r ~ - ROCzA ?OI?R?S > ~S~an CIERK Ct'r,6W i CdUR? RECOPZ'+~`~iFICD...~-- Seaq ~ - - ~ Seal) - N~t 31 9 00 ~ - S7ATE OF FLORIDA ~ ~ ~~Q~~4 fiic ~~.a couNn oF St . LuC3e ~ eefore me personally appeared Riehard D. Bergen a~ Janet Bergen his wife, to me wel! known and known to me to be rhe individuals deuribed in and who executed the foregoing instrument, and stknowtedged before me that 1heY exetuted the sart+e fw tFx ,~urposes rherein expressed. And the said Janet ~Y ,~v~fe of the said Qi c~hA Td n u~,-gen upon a xpuate and priv~te examination by me taken separate and apart f?om her said husband, acknowled~ed ta and before me that she executed sa~d instrumeot freely ;and;yoluo- sariiy and without any compuls'an, constraint, appreher~ ar of w 4rom her said husband. r ; ~ 7.~; : WITNESS my hand rnd offic~al seal thi day of May y`~~~~ H1~~Qirl~4,_..~i:~. .t, i ~-'s Notary P lic in for the State ~F1e+ .i ~Ut4a, i=. My Commiu'wn xpirer. ~ y ^ ~ Retum To: • e = N,^T1P.Y ~tl~~ IC. S1ATE af FIORIDA at l~ ; o Q : Fint federal Savings b Loan Associat~on ~ ~ OF Fort P~crce. ~ E~~13ES 1hN. ~977 : ~ ~ ~ ; ~ ` C~3... ; i3'! ~45y iOG~-~ -s s Fort Pierce, Flor~da ~~~Q By'p,-nri;;,~n ~3.+niu.ti ~ i O` ~ 1 ' ~ . ~:g i/ .1 . : r ~''i,,.;~.•.STA'~~ a - .''1~Hn~,,:!~•'~i~ ~ This Instrument Prepared By Richard ~E. K~?yes ~ First Federal Savings 8 loan Association of Fort Pierce , Rlorida . ~ Checked By ~ ~ p ~ ~ ~ i PAGE 1~ ~ - - - - . - - - ~ _ x~2~ F ~ ` ~a' x-y- -..F z~? _ ~~~~=~°"t~~ti`n" L~#.... . . ~-_~.d. a,.