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PROVIDE.I1, AL1kAYS, that it the \1~t~aeo~ shall pay ur?to the 1~Iortta~ee the indebtedness evidenced by a
ce[tain praniaaury nole ~f which the.foli~v?ina in words and fi~ures is a t~ue copy to-w•it:
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n._.s„a.,,r.,n„ ~ - - ' _ . _ - ~ - _ . _ . .
~ 2,150.00 .
Fort P erce, g~;~ May 11, ~q 72
F'OR V~L~E RBCEIVEp '~le ointi and severallv, pron,;~e eo p.y
~he ordei or ALAN D CAI,llEIZON AND D. E
ihe principal wm o[ Two Thousan One Hun re tv an no ppLj,,,~, cosecher..ich ~nce~CS~
~wn~ dste ~t tlx +~te oi tes pertent. per annam uaW r~ututity. bot1~ pei~cipd aRd interat bein~ payabk in lawtui n~one u(
the United States at 2244 Baeayne Bhd., Mia~pi. E'lotida. or at such other place aa the hoiden hee~Ot a~, d~i~M~ ~ wri~.
Principd and interat p~yable in insWlmenb ~ Iollo~n:
Forty-five ($45.00) Dollars per month, beginning on the 15th day o-r'
July, 1972, and continuing on the lSth day of each and every month
thereafter until paid in full.
This note may be pcep~id ie whole or in pact after one yeu ~rom tbe date hereot upon payment of a penalty equivalent
to five percent of tAe priecipal sum ptepaid.
Each inutsilment p~ynient shall be eredited first oe the iaterrat due. and dfe eemainder o~ princ~pal: a~d intcm~ ~:ha!! ibrrr-
~ upo~ eeue upw~ the principal so c~edited. -
~ a The makees and endoners of thu note [urther a~ee to waive demand, notice of non•pa~?n~eet and test, and in thr cv
.hal~ be b~ouaht for the cdlrrtion hereoi, or the untit has to be co~~ected ~pon ,demand o[ an at ~ ent uu~t
fee, for makina wch cdlection. ~h'. t° wr K~~~ ~t~~r R
DefeRed paymenb htrrunde~ eh~ll beu intere~t at the nte of ten perccnt per annum fwm auturitp until paid.
Tha notc it ~ecu~ed by a mortga~ee of even date herewith ~nd is to 6e eonstrued and enforced aecordin~ to the laws the ~
~t~tc of Ftorida: upon deta~lt in the payment oE prineipd ~ndlo~ intaut ~rhen due~ the ~?hde w~m of pnncipal and iri ~at
remainina unpaid shdl, at the optioe of ~he holde~, become in~?edia d p~yaWe. ,
~ / -
_ • ° (SE L)
• ' 'I" _ C ' ~ . ~ ' (SEAL)
arul ~hall perform, comply with and abide by each and every the stipula io s. agreements, conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created ahall cease and be
null and void. . '
1. The Mortgagor hereby covenants and agrees: ~
To pay all and s~nsular the a~~~~w~ and interest and other sums ot money psyable by virtue of said promissory nole and this
dcrd, w either, promptlr on the days respectively tAe same severally becomes due.
(b) To permi~, comm~t or sutter no ~raste a!~d to ma~ntain the improvements at all tises in a state of ~ood repa~r and condition. and to }
do or permit to be done to said pcemises aothins that aill alter or chao~e the use s~ed eAuacter of said ptoperty or in any ray iropair or ~
~reaReo Ne secur~ty of this morep~e. And ia csae ot the refussl, aeslect or inabilitr o[ the Mort~a~or to tepair and maietain said proper- ,
ty, ~he Mort~aEee msy, at his opuon, mate sucA repaits a~ cause tht same to be sade, and advaace ewners ia that behal(.
~ (c) To pay alt aed sinsular tAe ta:es, assessaen[s, levies, liabilities, and obli~ations ot every aature oo aaid described ptoperty each
and every vhen due and payable accotdin~ to lar, befae they becams delia~uent, aed to deliru to t6e ?/otyajee on or betore 1Aarch
: ; lSth of each year ax receipts erideacios the paymem of all Isrrtully ~mpesed tases tor the precedin~ calendar rur, to iadem~i(y the
! ' Afortsaeee upoe his demaad tor alltaaes, assessments and cbar~es that msy be assessed upon this mat~~~e oathe indebtedaess s~-
• cured hereby~ and paid by the mort6aste, oitAwt regard to aay la~r dereto[ate enacted w bereatter to be eoacted imposins payment of
. the rholt oc any .~art theteot upon the Alortpsee.
~ ~
(d1 To pay all and sinjular the costs, char6es and expenses, includ~ns Iaryers' tees and abstract cosu reasonaply incuned ar paid at ~
, any tunr by ~hc Matsa~ee because o( the (ailure on tAe part of the Mat6asor to perfotm. couply rith and ab~de by each and every tAe ,
~ st~pulat~ons, a~reements, caoduions and coveoants of said qasissory note and this deed. or either, and every such~payment sh~ll beat i
. interest trom date at the rate ot ten (10''b) per centum per annwa. ~ ~
~ le) It ~s further corenanttd and apeed by said parues that in the event of a suit beina inst~[uted to foreclose this mor~~a~e, the Mort-
• 6a~ee shall be entitled to apply at anr time pendin~ sucA toreclosure suit to the court h~vins jurisdietiaa thereof(a 1be appointment
~ o( a rece~ver of aU and sinaular the mataased yropetly, and ot all rents, ~ocanes~ profits. issues and revenue~ thereo(, fros vhatsoever
, ~ source derived; and thereupon it ia 6ereby expresslY covenanted and aaretd tbat the Court sAall forthwith appoint such rceeiver ~rith
the usual powera and dut~es of rece~vers in tite cases; snd s~id appo~ntment shall be aude by We conrt ss a matter ot striet ri~ht to
" the Mort~aaee, and without reference ~o the adequacy or inadequscy of tho value ot the property heteby ~eortq~ed. or to the solrency
' .x insolv~ncy of the Mortsa~ors or any o~her party detemlant to such suit. The Mort~a~ot 6ereby speci[~cally ~aires tNe ri~ht to object
to the appo~ntmeet of a recetve~ as afaesaed and he?eby expessly consenta that such appo~ntment sAall bt made as an aQmitted equity
- and as a matter o( absolute ri6At to the Matpsee and that tAe same reay be daee nithwt notice to the Alatpsor. ~
a
(f ) If foreclosure proceedin`s should be instituted a6ains~ the property corered by td~s mortpse upon any othtr lien or cla~m whether
allesed to be superior ar ~unior to tdc lien ot this martsa~e, the A/ort~a~ee ieay at bis opt~on ia~mediateiy upon mstimuoe o( such suit
or durin~ tht pendeacy thereof detlare 16is mortjaae and the indebtedness secured hereby dut and payable forthwith and may at~ts ~
oD~~~ p~aeed to (oreclo~e this ma~~~a~e. ~
([1 That the INortpeor rill keep all real and personal property now a hereatter encuweered by the lien ot :his mort~a~e insured as m~y j
be required from time to tiee by the Mort~a~ee a~ainst loss by fire. ~r~ndstam and otAer hazards, caswlUes and conunaencies tw such ~
penods and ia not leas tAan such •sounts as may be requ~red by the Mortp{et and to pay proa~ptly wAen due all pre~o~wns for such #
m~urance, The anounts of inaurance required by tht Morttaaee sl~Il be the min~~um aaaunts for vA~ch said msut~nce ahall be rrritten
and it shall be ~ncusbeet upon tMe Mort~a6or to maintain such sdditional ~nsursnte as may bt necessary to meet snd complr fully rith
alt ca~nsurance requ~reiaeota contained in said pol~c~e~ [o the eod that the said Mlortsasar ~a not a co-maaror there~ndet.InsYrance
ahall be wntten by a tompaey ot campap~es approred or desi`nated by the 6{ortsa~ee and all pol~cies and reee~als thereof shatt bt hcld
by the .ltw~p~ee. A!1 detaiied desisnations by the Afortsaso~ rhuh ue accepted by [he Mortsatee and all a~reements betreen Matsator
and Mortta~ce rel~tins to insurance, nor existin~ or Aerestter eade, ahall be in w~ritiAS and sA~ll be a part o( this nw~t~a~e asreeaiertt
as fully as thou~h set fo~th verbatim herein and shall `orern botb parties heteto and t6eir successors aad assi~ns. iMo lien upon any o/
said policiec of ensurance or upon sny retund or return premiwn ~hich may be pay~ble on the cancell~tiw a tcrminauon thereot, shall
be s~ren to other fh~n the Mott~a~,ee, e:cept by proper erdorseaeat atfi:ed to such pol~cy apd ~Pptoved bqMatp~ee. Eacb policy of
~nsurancc sha11 have s(tixed thereto a Sundud New~ Yotk ~fortp~ee Clsuse ~rithout Contri~tion. ankio~ all loss w losses under such
policy payable to the Mortpsce as ~ts in~erest may apyear. In the event aey sum ot su~s ot money become pay~ble thereunder the ~1ort.
ga~ee chall have the opuoe to receive and apply tht same on account o( the indebtedness hereby securtd,otto permitthe NortsaEor
~o rece~re and we rt, or any part thcreot, •ithout thereby saivin~ a iatpairins any equitY. lien, oi nsht undet and by rutue ot tA~~
murt~ase. !n event of loss a physicsl damase to the mort~a`ed property the Mat~asot shall sire ~mmed~~te nohce tAereof by ma~t t~~
~h~ Mur~6~6« +~d ~h~ AbrtRa6ee may make ~xouf of lo~. the same ~c not made promp[ty by thE 1lfori~a~a. (n eveai of tore~ln~ure of
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