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PROVlDEf1, Al.Wl1YS, that if the Mortia~ shsil pap unta the Mo~tsa~ee the iodebtedness evidenced by s
ce~taio promissory oote ~f which the followin~ in wocda and fi~ures is s uue cc+py tawit:
_.._.__.r . _.~.Y._ . . . . . . . . . _ . - -
~aH~~6
= 975.00 Fort Pierce, ~or;d, May 18, 19_72 ~
FOR VALUE RECF.1~'ED I ~o wy
to the orde~ ot BONNIE l~t'i~,c.
the princip~l wm o[ Ni ne HLndred ~even~v- f ive and no~ lOQ DOLLARS, to6ether with inte~cst
thereon ~om date at the nte oi ten percent, pet annun~ uatil matueiq. both prineipal and interest bein6 payabk ie Iawlul moner ot
the Uaited Stata at 2244 Bi~cayne Blvd.. Miuni. ~lorida, ee at wch otha pt~a as the holders hee~eof may daianate in writin~.
Prineipal and interea payaWe in insWlmeeb a~ idlowi:
Thirty ($30.00) Dollars per month, beginning on the 15th day of July,
1972, and continuing on the 15th day of each and every month thereafter
until paid in full.
This note may be prep~id in whole oc in put alter one yeu fsom tbe date hereot upo~i payaient of a penatty equivalent
to five percent of the ptincipal sum prepaid.
Each in,tallment paynient shaii be ccedited Cust on the intenst due, and the remaindet on principsl; a~d interrt ~:hall t6err-
upon cease upon the principa~ w eredited.
The makees and endonen of this note turthe~ a~ee to waive dem~nd. notice oi ~ioo•p~yment and pwtest. and in thr event suit
rhall be brouaht for the collection hereoi, ot the same has tb be collected upon demand oE an attornep, to pay reasonabk attorney's
fees (or makin6 weh eolkction.
De(eRed paymeets heteunde~ sh~ll beu intecest at the rate o[ ten percent pet annum from maturity until ~aid.
This note is ~ecured by a mortpse of eren date herewith and is 1o be ca~strued and enforced accotdu~ to the laws of
State of Florida; upon detault in ti~epa
ymeat of principal aedlo~ in t~rhen due. the ~rlwle ~um of pnncipil and in
rrn~inin` unpsid sha11. ~t the optiae of the holden, becon~ iaunedia and p~yabk. ~
. S ~ ~ -c ~ (SEAL
' ~ " (SEAL)
araf shall perfam, comply with and abide by each and every the stipulations. aareemeats, conditions and cove-
nants of said promissory note snd of this deed, then this deed and the estate thereby created shall cesse and be
null and void.
' 1. The Mortaa~oc 6ereby covenants and asrees:
(a) To p~y all and sit~{olu tbe p~incip~l aed iaterest and oUter sums ot ~ooaey payable by ~inne ot said proeissory eole aed Wis
I deed. a~ either, pruaptlr m tbe d~Ys resyeetively the sa~e severally becoees dre. ~
~ lb) To permi~, caowit a sdtu ao wste awd ~o a~aintaio ~he is~oveweats at ~U ti~es in ~ state ot soad repair aed coedition. aad to ~
f do or peteit to be daae w said premises aotbin~ that ~rill alter ot ehaose We we aed cl~taeter o( saN ptputr or is aar ~'a1 ~Apa~r ot +
i Qo weaken thc security d tris oortpte. And in case of the retusal. ~e~lect or inability d t?e M~rtisaor to repir aod miet~ie ssid proper- }
~ ty. tbe MortpEee may, st his optim, euke svcA repairs a cause tMe saarc to be ~ade. and ad~awce ~ooers ia ~Aat behNf.
~ (c) To p~y all aad sissul~r tbe uaes. usesssents. levies. tiabilities. ud obliptiaas ot e~err sapre aa saN described oroperty each
snd e•ery wfien dne aN p~Yable accardio~ to IaW, betae the7 bscawe 4elisqreat. ud to Aeliver to tis M~rltstee m or eetors WrcA
1Sth ot eacA rear aa ceCeipts evi0eecios the paY~at of all la~rtully isposed ta:es for.tl~e yrecedi~ ealsa/u year; to iade~nify tAe
~ Mort~a~ee upon Ais deMed tor sll- ta~es. assesssents aM cAaqes that ~ay be asaessed op~ t~is ~~e a~ d~e iMebtedeeu s~-
cured hereby. sad pai~ by the sortsa~ee. ~ridwut resard t0 iAy IiM YtfCtO~aft tOKtOO Cf YCfl~~tQ t0 6! OwKtlA I~pWtYj ~y~C111 Of
C ~h! ,nult or ,oy •vrt tti[tEOt upon cee Morts,s!!.
(d) To pay all aad siu~~lu the costs. char~es aad eayeoscs. inclndin~ la~rers' fees tei stistraat co~u reaswblr ucurred ~ oaid at
~ any tiae by the Mortaa~ee becaase ot the (~ilure aa the part ot the 61ert~s{or to perton. caspy ~ritA awi aeide by each aa/ erery the .
stipulat~ans, a~ee~ents. cood~tions ~sd coreesets ot ssid ~amiasocy oote aN ~Ais ieed. et eitLet. aad erery s~cA~p~]~ot sAall be~r
~ ~ntcrest (rom d~te at d~e rate o( ten (10'i) per ctatt~ pet sanum.
(e) It is furthet covenaated and a~teed br s~id p~rties that in tAe event of a suit bein~ iastituted to fereclose this sott~e. tAe Matt-
pLee sdall be eatitled w applr st aeq tiee ~eadiu~ srcA foreelosore s~it to tht cawt sa~iw~ jorisdictim ~Yereot fa Ibe ypoiat~eet
ot a receiver d all snd si~plar tAe ~~~eA prooc~t~r. nN ot all reou. isca~es. pr~ts. isares a~d rerenres Wered. tra~ ~hatsoever
source derived; ~od tAereupos it is hereby e=ptesslr coveasnted ~ed a~teed tbst We Corrt sAall ta~rith ~ppoiet sdcb receiret ~ith
[hc uswl povrers and dut~es of receivers in likc c~ses; ~od s~id sppointaent sball be Mde by t6e eart ~s a satter of strict ri{6tZo
the Mort~asee. aed ritbeat reterence to the adeqwcr a inadeqwcr ot t6e ..~Ye ot uK oroanr n~re?r.«~us~a, or to the solveocy
or insolvency ot tAe Alortsatars or sny other party defeadaet to such suit. T6e Matsa~a ~eteby specific~llp wai~es tAe ~i{At to objec~
to the appo~ntmeot of a receiver ~a atores~id and hereby e:presslp eaueats that srcA apooiwt~em shsll be aae as an adsitted equity
snd as a m~tter of absolute risfit to the Mortp~ee aad that tlro ssae py be doae ~rithout wotice to t6e Yo~a~a.
(f) I! forecloaure praceedia~s should be instituted asainst the proPert~ co~ered by tbis oort~a~e upoa any Wher liea or claim whetber
~ alle6ed to be superior or junior to tbe liee d t6is mat~a~e, the Moctptee mr at Ais option iea~ediatelr vpoa mstitYtion ot aYCA s~it
~ a durin~ t6e peade~cr thereot deetare t6is mort~a4e ~nd t6e iedcbtedness :e~~r~e eK~sr a~~ ~nd p~yable (ath~ith snd may at its
optian proceed to toreclose tbis mo~tq~e.
(v ll~at the Matpaor vill tee~ all real and personal propertr no~ or hereafter eocuwbered br tbe l~ea o[ tAis ~tsa=e ins~red as may
be required froa~ time w tise by the Mat~a~ee apinst loss by fire, ~iadstona sad other baurds. caawltus asd coetiatencies tor such
per~ods and (or nW less tL~s s~A aworats ai yr be reqnird bp tbe Mettp~ee aw/ to pY /~~Wlr ~6ea dYe all ores~u~s fa srch
insurance. ?he ...o„nu ot ~oa~.n« .eao;~ea er ae wo.~s.se~ ~?.i~ ee we .;n~~us asounts (or vMicA said usaru~ce sAall be written
aed it sh~ll be incwibent opan tbe Morts~~a ~o maintaia snch additia~sl ~1lfli~~t! Mr bC OCClf!!fy W wttl aAA COA1pIr ~YIIr MIIII
sll co-inaunnee reqtiremeots coetaieed in said policies to the esd ~bat tbe said Matsa~Q is eot a co~ias~rat tMerenMet.leswaace
sAsll be ~ntten by a comp~ay or co~p~oies approved er desi~oated by the Mortpsee and all oolicies aad rese~rals t4ereof shall be 6eld
by t6e M«tpsee. All detailed deaisnatioas br tbe Mort~asa ~ich are acceoted br t6e Yortq~ee aed ~11 s~resoeets betwee~ MatWtor
snd Mort~asee relatins to iaaunnce, eor eaistios ot Aereafter sade. shall be in rriti~ aod sball !e ~ p~rt o( this wortta~e aareewsnt
u(u11Y as thoujh at~ tortA ~erbati~ huein ~nd sAall ~orcra both oarties kerew sed their s~ccessor4 assi~ns. No lien ~pon aay ot
s~id policies ot insur~nee o~ ~po~ anr refwd or retwn presire wbic6 ~sy be aY~b1a1M ~.4idCelV~os a tcr~ioation tfitreof. shsll
be ~iren ~o other ehan the MattN~ee. e:cept br proper eadorse~eat dtised w sYCh prolie~ aad aPproved Ay IAataatee. Each oolicy of
insw~ncc ah~ll have atfi:ed thereto ~ St~ndad Ne~ Yotk Morya~sO Ch~ ~rithoot Coatribrtion. satis~ all loss or losses uader ~~ch
policY paYa~le ~o the Mwtp~ee ss its ioterest ~ssr aMeu. In tAe e~eat u~r su~ a sa~s of ~osey Decawe arable thereYOder the Nort•
aa~ee shsll have the oPtian to recei~e sad ~oply the same on accornt ot the iudebtedaess Aerebr secured. or to pen~it Me Merttsfor
to recei•e snd ose it. ar aay pa~t tbcreof. ~ritlwrt tAereby aaivin~ or ispairie~ aay eqrity. liea. a ri{At under and by virtre of th~a
,nort~atn In event of loss or phrsicd dawse to the ~t~aged propertr the Mat{asor sball ~i~e I~ediate notice ~hereo( br enail a~
the Mortss~ee a~d ~he Mortsstee may iaake proo( ot loss ~t the ssme is aot made praeptly by the Mortsasa. le evfnt ot (oe~clo~nre ot
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