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HomeMy WebLinkAbout0641 tt . ` ti . ePuol~ ~o '~~J ~+1 ~A~I I'R()YIDEII, ALW/1YS, iha~ if the ~turtg~gor shall pay unto ~he ~1ott~a~~e th~ indebtcdness ev~denced by a R ce~lain prum~ssory nule ~f ~vhich the (~Ilowing in wotds and figures ~s a true copy lav?~l: ~ ~ ~ s 2, 925 . 00 Fort Pierce ,~a;d, July 6, ~q_ 72 ~ ; { FOR VALUE RECEIVED We o int 1 y and severa l ly , ~o ~y ` to the order of ANNE R. CO j the principa) wm ot TWO T ousan 11e uII re W@Yl y- Ve SR L. , to`ethet with ietenat i thereon (wm date at the nte o[ ten perceot, pe~ annum until maturiq. both principal and intereat being payable in law[ul money u( th~ United States at 2244 Biseayne Blvd., Miami. Florida. ot at wch other plue u the hdde~a hereot may designate in writin`. P~incipal ar~d inteteat payadle in imtallment~ r tollow~: ixty-five ($65.00) Dollars per month, beginning on the 15th day of ~eptember, 1972, and continuing on the 15th day of each and every month thereafter until paid in full _ This note may be prspaid in whole or in part a[ter one yeu trom the date hereof upon paya?ent of a penalty equivale~t ~o five percent of the principal sum prepaid. Each installme~t paynient shall be credited first on the interest due. anA the remai~de~ on principal; and interr•t t:hall tbcre- upon cease upw~ Ihe principa~ w credited. The mikers and ~ndorsen o! this note further a~ee to wuve demand, notice of non-payment and protest, and i~ thr. event wit ~iull be brought !or the collection hereof. or the ame has to be coQected upon demand o[ an attorney. to pay reasonable attomey i~ [or msking such edlection. DefeRed payments henunder shall beu interat at the rate of ten percent per annum from maturity until paid. 7'hi~ note is acured by a nwrt6aae of even date herewith and ia to be con~trued and enforced accordin6 to the laws of the tate oi Florida; upon delanlt in the yment of principd a~dlo~ interest Mrhen due~ the whde eum of pnncipal and intee~at a rrmainins unpaid ~hdl, at the option o~~ia~~, ~~~a~.~r a~ .~a p.r.d~. ~ ~ ~'z-~ C cz t ' ~ (S£AL) ~ t ~ .c-t~ L-1. Lc ~IG~i- ~ /~7~~ C. (SEAG) ar~J ~hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estate theteby cteated shall cease and be null and void. ' 1. The Mortgagor hereby covenants and agrees: la) To pay all and sin~ulu the princ~pal and intcrest and other sums of moaey payable by virtue ot said promissory aote and th~s dted, or e~ther, promptly on the days respectively the same severally becomes dut. ~ lb) To perm~t, caomit or sutfer no waste and to ma~nuin the ~mprovements at all umes in a state of eood repair and coad~tion, and to ~ do or perwit to be done to said premises nothina th~t w~ll altcr or chaase We use aad cAuacter of aaid property or io any war impa~r o~ ! r•eaken tAe secun~y of this mart~a~e. And in esse ot tAe ee(usal, ne~lect or inability of the lfortsa~or to repair and oainte~o s~id proper- ty, the Mort6aEee may, at dis optlon, make such repairs a cause the saax to be made, aad advance moneys in tAat behal(. lc) To pay alI and cinsular the taxes, assessments, lev~es. I~abilities, and obli~atioas ot every oature oo said described property each and every ~rhen due and payab,le accordias to laM-, betote they become delinQuent, snd to del~ver to t6e Mott~a~ee on ot betore MarcA ISth ot cach year uz receipts e~ideacing the payment ot al! lavrtully iaposed qaes tor the precedine calcndsr year; to indemnity the ~lortea6ee upon his demand tor all taacs, assescments and char6es that may be assessed upon this isorlaase oo the indebttdness s~- ~ cured hereby, and paid by the mortga6ee, w~thout re6ard to any lar herctofo~e enacted or hereaft~r to be eauted imposins payment of ~ the rhole cx any ..art theteo( upon the Mwt6a6ee. (dl Tu pa~ all and s~naular the costc, char6es and expcnces, includ~n6 la~yers' fees and abstract costs ressmably ~ncurred or psid at ~ any t~me by thr Mcx~Ea6ee because of the failure on the part of the MortEagot to ptrtorm, camply with and abide by eacA and every the shpula~~ons, agreements, cond~t~ons and covenants o( said proa?issory aote wd this deed. or either, and every such~psyment sdall bear interrst irom date at tde rate o( ten (IOS) per centum per annum. • lel It ~c further covensnted and a;reed by said parUes that in the erent of a suit bem6 ~nsUwted to foreclose t6is mortsase, the !?~at- ~ gasee ~hall be entitled to apply at any time peadins suc6 foreclosure suit to the court 6avins jur?sdicuoa thereof for the aDpointment of a rece~ver of all and sinaulsr the mortaaged p~operty, and ot all rents, incoa~es, profits, fssues and rerenues thereof, Gom ~ehatsoever ; cource denred; and thereupon it is hereby expressly coveoanted and a6reed that the Court shall fwthrith sppoint such receiver ~ith the u.ual powcrc artd duue~ of recei~~ers in like cases; and sa~d appomtcoent shall be made by the court as a mattet of striet ri~ht to the Mat6a6ee. and w•ithout reference to the adequacy or inadequacy of the vaiue of the property hereby mort`ased. or to the solvency or insolvcncy o( the Mortgagas a any other party detendant to such su~t. The Mortsasor hereby spec~(ic~lly vraires tht tis6t to oEject ~ to ~he appomtment of a tece~ver as aforesaid and hereby eapressly consents that such appomtmtnt shall be made as an adm~ttad equ~ty and a~ a matter o( absolute right to the Mort~a6ee and that the same may be done a~~d?out notice to the Mottss~ot. ~ If foreclosure proceedinss should be instituted a6ainst the property covered by th~s mortp6e upon any other lien or claim Whether alle6ed to be superior or junior to the Gen ot this mortsa6e, the Mortga~ee may at his opt~on immedistely upoa mstituuan of such su~t "u~ or durin6 the pendency theteof declare th~s mott6a6e and the indebtedness secured heroby due snd payable torthwith and may at ~ts opt~uo proceed to foreclose tAis mort~a~e. x (sl That the ~lixtsasor rill keep all real and personal pcoperty nor a hereafter encumbered by the t~en of this mortga~e ~nsured as may be required from time to time by the Mortaaaee asainst loss by lire, ~~nds~orm and other hazards, casuahies and conun~encies (or such per~ods and ior not less than such amounts as may be required by the Mortsa~te and to D~Y D~~V~~Y w'hen due sll premiums for such F~ msurance. The amounts of insurance requiied by the Morta~see shall be the minimum amoums tor wh~c~ sa~d msurance shall be Wntten ~ and shall be incumbent upon the Mortsasor to ma~nuin such additional ~nsurance as may be necessary to meet and comply fully with ~ all co-msurancc requ~rements conUmed in said pol~c~es to the eod that the sa~d Mort6a~or ~s not a co-~nsuror therewder,lnsunnce ; ~ ~hall bc wnurn by a canpany or compsa~es approved or des~snated by the Mottsa~ee and all pol~c~es and rene~rals thereot shall be helJ by the Sto~tgager. r?II detai~ed desisnat~ons by the Morl~a6or wh~ch are accepted by the Mortaa~ee and all asreemeats betveen Mortp6or i and Mort6agee relatmg to insurance, nor eaistin~ or hereatter made, shall be in ~ritin~ and sh~ll be a patt of tbismortpse aareement ~ as fully as ~houah set fath verbatim herein and shall eovern botd parties hereto aad their successors and assi~ns. No lien upon any o( 9 ~ said policiea ot insurance or upon any retund or rewm prem~um .rhich may be payabte on the cancellation a term~e~t~on thereof, shaU ~ ~ be 6~ven tu uther than the Mortpaee, except by ptopet endorseme~t a(Gaed to such pol~cy and spproved by Mortsa{ea Each pol~cy of ~ ~ ~nsuronce shall have af(~aed thereto a Standud New Yak Mortt~iee Clause ~v~thout Conu~but~on, makin~ all loss or losses undcr ~uch i poGcy payahle ~o ihe Moriq~ee as us interest may appeu. (n the event any sum or suros of money become payable thereunder the ~fort- ~ ga6c< <hall have the opt~a+ to receive and apply the same on account of the ~ndebtedness hereby secured, or to perm~~ the Nor~EaEor ~o rzccire and use ~i, or any part th~reof, vithout thereby ~~aiv~n6 or ~mpauin~ any equity, Gen, a n~llt under and by vutue ot th~~ ~ ~ mix~6age. In event of loss or physical dama~e to the mortsa6ed property the Mat6a`or shall 6ive ~mmediate not~ce thereof by rr.a~l t~~ ~ the ~turtgaEcc ~nd the A1ort6a6ee may make proof of los. ~f the same is not made promplly by the ~tortsaaor. In erent of tore~i~~ure ot t s . . BJO~ 'r~G~ U~1 . . _ ~ - ~ ; . ~ _ ~~'_~:=~~~~s•~- - - - .