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PROVIDEn, ALWAYS, that if the ~Awt`a~or shall pay u~t~ the Mott~a~ee the iodebtednesa evidencad by •
ceruin p~omissory note ~f wbich lhe fallovrins in wurds and fi~ures is a true copy to-wil: '
_ f~...~a .~.a.I.tw•.. N+Aa~1'~'"c ~i~.-~~t..J~C.1A. . . •.ai~.._-1. ~i~Y.~.s~_ __....ii. ......:~i.u~• r.w~~rN
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: 8 . 00 Fort Pierce , fl~;a, , May~29~ ~~.12~
E'OR VALUE RECEIVED I ptomiee tu piy
to ehe ordet ot FRANK BACH ND I B ,
the pti~cipai wm of _ togethct with i rest
thereon iwm date at the ate ot ten pecccet, per annum ueW maturity, both principal ~nd intenst bei~ payabk in law(ul mo~ of
the United Stata at 2244 Bauyoe Blvd., 111iami, Florid~. or at wch othc~ piace as the holders hcreo! may daianate in w tin6.
Principal aad interat payabk in iMtalimeots as ~dloMr ,
Forty ($40.00) Dollars per month, beginning on the 15th day of July,
1972, and continuing,on the lSth day of each and every month there-
after until paid in full.
, .
Thit note may be prepaid in whole ot ie put aftcr one year from the date heceof upon paya~ent of a penalty equivalent
, to five percent ot the principal sum prepaid.
Each i~tallment p~ynient si~all be eadited first on the interest due, and the temainder on principal; aod ietrrrt ~:hall thr~r-
upon eea~e upw~ the prineips~ so credited.
7'he makc~s and endoaees of this note furthe~ a~ee to waive demand, notice oE non•paymeet and pwtest. and in thr. event suit
shail be brou6ht tor the colleetion hcteot, or the amc has to be cdlected upon dem~nd o[ an attoa?ey. to pay reasonaWe attorney's
tees [w mskirt~ weh edlettion.
Dck~ed payments hereunder shvl beu intenst at the rate o[ teri percent per annum Iwrn iaaturitp unti! ~aid.
7'ha note M acuted by a nwrtpae oi even date herewith-and is to be ~onatrued and entorccd acco~du~ to the laws of
State oI Florida; upon deiault in thepa
yment o( principd andlo~ intenst ~rhen dne~ the whok ~um of principal and intsa
renrinin~ unpaia shall, at the option oi the holders, become imn~ediatdy and p~yable.
(SEAL)
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. • (SEI?l.) ~
ar~d shall perform, comply with and abide by each and every the stipulations. agreements, conditions and cove-
nancs o! said promissory note and ot this deed. then this deed aad the estate thereby created shall cease and be
null and void. - ~
1. The I~brtgagor hereby covenants and a~ees:
(a) To paY all and sinsulu the principal and iaterest aad other sums ot moneY Wrable by ~irtue ot s~id promissory aote sod this
decd. a eitLcr. ptoaQtlr oe the daYs rcsp~ctivelr ~e aaee seveally bcea~es dYe.
(b) To permit, conrit a aut(er no v~aste a~d to saiaain t6e impto~e~eats at all ti~es in a st~te ot ~sod tepair asd eoeditian. snd to
do or pereit to be dooe to said premisas sotl+in~ that ~ri11 alier or chu~se tAe use aad cbuactu ot said properir vr is aay +rar impair a
; ~eakes d~e secnrity ot tbis mortp~e. And i~ c~ss of tAe ~efusal. ne{lect a iaability ot 1he Mort~a~ot to repae aad saiataie said proper-
( tY. t6e Mort~a~ce msr. at Ais optioo. m~ke s+cA repairs a cause tUe ssee to bc ~ade. aod advaace ~ooeys ia Uat beA~l(.
j (c) To p~r ~II aod si~ulu d~e ta=cs. assesswena. leries, lispilities. and opliptioos oi ereqr o~itre oa said described ~operty eseh ~
~ and e~ery ~hea dne aad paYable accoMi~ t~ l~r. bctore. they becaae lelinq~ent. ~sd to delirer to tAe Mo~tsatse aa or be(ore Marc6
IStA ot eacA yeu ta: receipts eridencio~ the osyaent of sll Isrtully isposed taxes (or.the OrecNi~ e~te~du Y~: lo iodemeity the
E 1Aortp~ee upoa his des~ad fa all ta:es. ~ssessmeets and eAarses tNat way be assesaed wpon ihis ~ayafe ae d~e iadebtsdness s~-
cured Rerebr, aad paid Ay the so~taa~ee. ~riHiort re~rd to a~y Isw 6erctofore eoxtad a hueafur to be eoacted i~posie~ p~y~eot of
the wAole a~ aay ~s~ tMeteof upan tAe MortasLee.
(d) To pay all and sin~ulu the costs. eAar~es and expenses, includin~ Is~ryers' fees ~nd abstract cos[s re~sanabir iecurred eK p~id at
~ny [ise by ~he 111ort6atee because of the faiture oo the Part ot the Mlort~s~or to perform. co~ply +id~ aed sside br eac6 and erery ~6e
stipYtat~oas. yrceseets. cosditions aod coveywts at ssid pro~iasary aote aed U~is deed. or ei~Lec. aM every sueb'p~y~aeat shsll bear
interest tro~ dste at the ~ate ot ten (IOir) per centu- per aanwe. •
(e) It is fut~her covenanted aad a~reed b7r said parties that in the ereat o( • suit beins instituted to (aeclose this swrt~a~e, the A/ott-
p~ee sball be eatitkd W apply at as~? ti~e pendiot suc6 fonclosare sait to the cavt havinj jutisdietim tbereot for the ~poietseeet
of a receiver o[ all and siqulu tLe ~ort~ed Orop~rtp. aad of ~Il re~ts. ineoaes. ~ofiu. isaues aad rerenws Meteef, tro~ rAatsoerer
source derived; snd thereupos it ia hereby eapreasfy corensated and syreed t?~t tbe Canrt shsll fon6+itA appoiat such receirer ~i~h
the nswl pwners and duties ot receirers in lite cases; and said ~ppointsent s6a11 be ayde by t6e corrt as a satter of strict ri~ht to
the Morts~~ee. and .~ithout reference to the adeqwcy or iaadeqoacy ot the ~alue of the propertr hereby satNied, or to the aolvency
w insolvency of the Mort~atars a any other party defendant to soch suit. 'Ibe Mort{a~ot herebY specificslly wsives d~e ri~bt to object
to the appoin~meet of a ~eoeirer aa a(oresaid and Aereby e:presstr coaseeta t6~t auc6 appointaeet shall be ~sde ~s an adieitted equity
snd as a aattcr o( absolute ri{4t to tAe ~lori~a~ec aed that the ss~e sar be doae nitiont iwtice to the Mortp~o~.
If ioreclosure proceedia~s shouW be instituted a~aiast the propetty corered br this mortpse ~pon any other lien or cl~im whetAer
alle~ed to be auperiat ar junior to the liea d this ~tp~e. tAe Mortp~ee s~r at 6is optioo iusediately upon instit~tim o! a~ch auit
a dwins tAe ~~e~r ~~or a«~K~ this ~ortpse aad tAe ia0estedaeas sec~red AerebY due and payable (ar[b~rith and msy at its
optioe proceed to forectose t6is martpse.
That the Mortp~or ~ill teep all rcal and persoaal propertr no~ ar bueafter e~u~bered by the lien of tAis nat{a{e insured as ~eaY
be required iro~ tiae to ti~e by t6e Mortpiee ~Ninst loss br tite, riadstas ~od otber haurds, caswlties aed contw~encies for such
penods snd for not less tAas wcM ~ts u MY be reqYired b~r the ~lott{~se aod to osr i~oaptty ~bea dne all orc~iuss tar such
insnraece. '[1~e a~o~wts of iasuaece req~irsd bp 1~e Mortaqee s6a11 be t6e siai~n aew~mts for rhich s~id insrance shall be ~rritten
aeM it ahall be incu~bent upon the Mort~~tor to ~ainuin sncA additioaal ias~rsace ss msy be necessary to meet and comply fully Mith
all co-imura~ue ceqrireweets contai~ed ie. said policiea to t6e eod that tbs s~id Monp~ot is not a co-iss~aor tAerernde~ Ms~usnce
shall be ~rriccen by a co~any~or coapaoies approved ar desi~na/ed by the 11ort{Kee ~nd all ooticies and rcoe~sls thereot sAsU be beld
by tbe Matp~ee. All detailed desi~natioos br tbe Mortq~or rhieh ue acceptsd by the Mottia~ee and all s~ea~eets bet~eeA Mortsa~or
and Mort~Kee rel~tin~ to insm~nce. eo~ eaiitias or Aere~ftet a~de. s6a11 be in rritin~ and sball be s part d tbis sortp~e a~tes~ent
u fullr as thou~h sei (orth verbatim hetein aad s4a11 ~ovete both parties beroto aod tbeir srceessas aed asaip?s. No lien dpon ~ny of
said policies of insurance or u~ aap retw~d or retuta pre~iuv ~6icA Aap be My~ble on tAe caecell~tioe a tersiaation thereof, sAall
be ~iven to otAer tAan the NortE~see. eacePt pr ptoper endasewe~t ~tfised to s~eb policy and approved by Mortp~te. Esch policy of
iesur~oce sh~ll have afG:ed t6ereto ~ St~ad~rd Ne~ Yat Mottia~N C4ws withoot CooviOutioe. wkias ~11 loss a losses w~der such
policlr paYable to ihe ldortN~ee ~s its interest say ~p~ear. In tbe ereot aap sw~ ot au~s ot moner beeowe Nr~ble chere~nder the Hort-
~a~ee shall h~ve the option to receive aad a~ly the sase on account of tbe iadebtedness hereby secured. or to permit t6e 1AortpEor
to recyve aad ese it, ar any part t6eteof. nithont tAereby ~aivias a ispairiu{ any equity. liea. or ri~ht under and by viriue of thi~
mat~~e. In event of loas a p6ysic~l daws~e to t6e ~wt~ased property the 6Aort~sor s6~11 ~ive imoediate notrce ~hcreot by mail to
the Mal~asee and the 61ort~stee msy ieskt proof o( loss the same is not msde proe~ptly by the Mort~~Sor. In event of (vreclo~ure of
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