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Home My WebLink About2932 ;j~ ~ ~ a••r~r ~puo~ ~o aa~l ~'~it ~ PROVIDEn, ALWAYS. that ii the \1ort~a~o~ shall pay unto the \loct`a`ea the indebtedn~ss evideacad by a ` ce~tain pr~xniss~~ty note ~f which the fallowin~ in wocds and (i`ures is a true copy tawit: ~ 'y°~~~e ~ ' te = 6, 275.00 Fort Pierce r~o~d, May 20, 72 - FoR vAt.c?F [~e~Frr~n_ ~ we oi 1 d a 1v_~-~~~ to e orde~ of _ ~ K~? ~ A:`''~"~7~~ ~R1~~~:~~"PRD~f;SS?O1~~A~2; AS~`~~.°~'A~t'~i1 che oc~ I su~i~~~ix Th~o~usand pTwO `11Y1drEf~ ~ ~ ~ p~i pa ~ ~eyenty- f ive and Ql~~~~, togethet with interr~t thereot~ f~om d:te ~t the rate of ten p.:rrent, per tnnum until maturity, both principa! and intereet being p~yable in lawtul mo~ry uf the Ueited States at 2244 Bi~csyne Bivd., Mi~mi. Florida, or at wch othtr }?lace u the holders hereof may du•igo~te io writing. Principal ind inlere~t pay~bk in i~uutlimenb a tollows: , 4ne Hundred Twenty ($120.00) Dollars per month, beginning on the lSth ~ day of J~lly, 1972, snd cantinuing on the lSth day of each And everv month thereafter until paid in full This note may be ptcpaid in whole or in pact aftcr one yeer ltom the date hereof upon payment of a penalty equivalent to five percent of the principal sum prepaid. Eaeh inrtallment payrrient aha11 be credited ficst on the ietereat due, and the remainder on principal; a~d intr~~~t ~hall thrrr- upon cease upun t6e principa~ so credited. ~ Tht m~kers and ~~dotstrs o( this note further a~ee to w~ive demand, notice of non-paymcnt and protest, and in thr event wit ahall be bwught [or the collection he~of, o~ the aame has to be collected upon dema~d ot an attorney. to p~y rca.u?nable attorney i~ (er~ tw msking such collectioe. Deferted paymenta hercunder shall bear interest at the rate of ten percent per annum Erom maturit} unti) paid. ~ Thu note is ~ecured by a mort~age of even date hcrewith and is to be conatre~ed and enforced accordir?g to the laws o[ tlr'~ ~tate o( Floridr upon det~alt in the payment of ~rincipd ~nd/o~ interat when due. the Mhole aim of principal and intere~ remainin` unpaid shall, at the option of the holde~s, become immedia due and payable. . i ~ f ~ C1~ 1 ' .i~ t - (SEAL1 . , ~ • f-- i , _ . , _ - : (SEAL) ~ • ar~J shall perform. comply with and abide by each and every the stipulations, agreeme~ts, eonditions and cove- nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be null and void. • 1. The Mortgagorhereby covenants and agrees: la) To pay alI and s~n6ular the princ~pal aad interest and other sums of moaey payable by virtue of said promisso?y note snd this deed, or either, ptanptly m tde dsys resptclively tht same severally becomes due. lb) To permit, commit or sutfor no raste a~d to ma~ntain the ~mqorements at all times in a sute of ~aod repair aod coadition. and to do or peneit to be do~e to said premises nothina that will alter or chanae the use aod c6arsctec of said property a in aoy vay impair or vreaken the security o( tAis aatsa~e. And in csse of the refu~sal, ae~lect or iasbility ot We liMrtsasw to repsu aad nsistain siid proper- ty, ~he Mor~sa~ee may, at his optiup, auke sucA repai~a or cause tAe same to be made, and advance moneys in tAat behalt. (c) 7o pay all and sinsulu ~he taxes, assessments, leviea, liabilities, and obli~stioas of cvery nature ao aaid desctibed p~ope~ty eacA and every when dut ~nd paY~p~e sccadios to larr, befott they becoa~e deliaquent, ~nd to delivtt W the Mott~a~ee m or be(ore March ISth of each year taa receipts evtdencioa the payment ot al! lartully imposed taxes for tho precedina calendu yeac; to indeeanity the Matsasee upw~ his dae~ad tor all ta:es, assessmeats aad charjes that ~osy be assessed upon Wis mort~ase on the isdebiedneas s~- cured hereby, and paid by the matgasee, ~~thout ~esard to aay Inr 6eretofore enaeled or dereatter W be enacted imposin~ paysent ot ' che Mhole w any .+art tAeteof upan the Mortd~i«• ' (dl To pay all and s~nsulu tbe costs, chsrses and expenses. iaclud~n6 lawye~s' (ees and abstract costs reasonably iacuned ~x paid at any ~~mc hy the Ator~sa6ee because ot the fa~lwe on the part ot t6e Mortsaso~ to perform, coafply with and abide by tach aod every the stipul~t~ona, a~ceements, cond~tions aad coreaants of said p~oa~iasory aote aud Wis deed. ot tilhet, aad erery suc6'psyment shall bear ~nterest trom date at the rate ot ten UlK) per centum per anaum. . le) !t ~s turther covenanted and a~eed by said parties that in t6e event o( a suit bein~ instituted to foreclose this mort~a~e. the l~lal- ta~ee shall be eo~itled to spply at any time pendina such (oreclosure suit to t6e court bavin~ jurisdictioa thercot fa the aPpo~ntmeat of a ceceive~ of atl and siosular t4c mortss~ed proper~y, and ot sll reats, incomes, profits, issues and reveaues thereot. froa rAatsoever source derived; and thereupon it ia hereby exp~essly covenanted aad a~teed that the Court shall tath~itA appoiqt such teceiver ~r~th ; the usual powers and duhes of rece~vets in like wses; and said appo~ntment shall be made by the court as a matter ot strict ri~ht to thc Mortgasee, and vithout relerence to tbe sdequacy or inadeQwcy o( the v~lue of the propeny heteby mat~s~ed. a to the solvency or insolvency of the Mort~asas or any other party de(emiant to sucA suit. The Mort~a~a 6ereby speci(ically waives tAe ri~ht to ob~ect to the appointment of a receiver as afo~essid and hereby espressly consents that such ~ppointmeet sdal! be sade as an sdmitted equ~ty ' and as a matter of absolute rijht to the Mortpsee aad that tAe same say be daae ~ithout notice to the Mottsa~os. (f) If fwecloswe proceed~nas should be instiluted asainst the property coreted by th~s mort~a~e upoa any other lien or claim whether alle`ed to be superio~ or junior to the liea o( t6is aart~s~e, ~he Mort~a~ee may at 6is optioa immediatcly upoa ~nstitutloa of such suit or durin~ the pendency Wereof declare this matss~e and the indetrtedness secured hcreby due a+id paysble fath~itA and may at its ! option proceed to foreclose tbis mattsa{e. 'i'hat the Mor[p~or fill keep all real and personal property ao~ or hereafter eecuabered by ihe lien ot this aort~a~e iusured as may be required (rom ~ime to tip~t by the Mortsatee apinst loss by fite, rr~ndstota~ snd other hazards, casualt~es and coatm~tacies for such per~ods and (or not iess thaa sucA aaouats as may be reQu~red by the Mort~ee snd to pay promptly wben due all prcm~u~s tor such msu~ance. The amounts of iruurance requi~ed by the 1liort~s~et ss~ll be tbe wiaimum amounts tor vh~ch said ~nsurance sAa11 bc ~ntten .nd it shall be mcumbent upon the Mort~a~ot to ma~ntain such addit~onat insurance as m~y be necessary to meet ard complY fully with { all co-insurance requireaots co~ta~ned in ssid policies to t6e eod that the s~id Mott~a~ot ~s not a co-~nsutor thereundet.lasurance ~ shall be vr~tten by s coopaay ot caopsoies apptored a desi~ated by tht Alott~a~ee and all pol~cies and renerrals thereot shall be Ae1J S Dy the ~tu~t~s6ee. All deailed deaisnations by the Mort~a~or vhich ue sccepted by the ?{ort~s~ee and ali aireesenis betreen Abrtsasor ~ and blwtsaaee relsl~ns to insursnce, oo~r e:istin~ or 6ete~ttet made. shall be in rritin~ and sha11 be a part ot this ~uoctp~e a~reement j i as fully as ihouih set torth verbatim herein ~nd shall ~orem botd p~tties hercto and t6eir successors sad assisns. No lien ~pon any of i said policies of fnsurance or upao any re(und ar return premiues ~hieh asy be payable on the csncellstion or term~nauon thetto(, sball ~ i be siven to other than the Mort~a~ee, e:cept by proper endorseseat a(tiaed to such poficy and appoved by Mortsa{ea Each po6cy of ~ ~ insur~nce shall havc stfixed tAereto s Standard Ne~ Yak Mwtp~ee Clauit r~l6out Coatr~butian, aukia~ alt loss a losses iu+der such ~ ~ poticy payable co the Mart~asee as its ~nterest ioay spoear. !n the ereat ~ny suo or ~w~s ot money becoa~e payable thereunder the ~tort- sa6ee shall have the optioo eo rece~ve and apply t6e sase on aceount o( the iedebto~ll~ A2teYy'secured, or to pe-mit the Nor~EaEor ~ ~o rece~vr and ust or any part tAereof, rithout theteby r•aivm~ or ~mpairins sqy equitr, litn, ot ri~At under and by vulut of th~~ mort~ase. In ewent of loss ot physical damaje to the mort~a~ed proper~y the Mortss{a shall ~i~e ~w~aedi~te aot~ce tdercof by ma~l t~~ the M~xtEasee aM1 ~he Mort~a~ee may make prouf of los. d ~he same ~c not made ptomptly by the Mwtia~a. le event of tat4lo>ure o( ~ , • ! ' ' ` ~o~~U~ ~~g28 ~ -