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Home My WebLink About1568 ~S~CaCt bt t~w w~r- , PROVIDEn, ALWAYS, that if the 1lottgugor shall pay unto thc ',1lortgagee the indebtedness eviJenced by a certa~n p[omissory ~ote of which the tallowing in w~ords and fiQUrec ~c A ~r~~P ~ ~dyF~~f~d~ r~ s 3s425.00 Fort Pierce, F~~;~, Au~zust I0, t~.~2 FOR YAI.UE RECEIYED We~ iointly and severally, promise tu pay co che orde~ot Harr J. Sevel an ose ~eve~ Fii-s wi e the ptincipa! wm o[ _ T ree ~ ousan our un re Twenty- ve an . , ~ g~~her with i~terrsl thereon fwm date at the rate ot ttn petceet, per annum uoti) m~turity, both principd ar?d intucat bein~C p~yable in law(ul moncy uf lhe Ueited Jtatcs at 22~14 Biscayne Blvd., ~liami, Florida, or at ~uch other place u the hoidets hercof may designate in wntin~. Principal and interest payable in imtallmenb u followt: Seventy-five ($75.00) Dollars per month, beginning on the 15th day of October, 1972, and continuing on the lSth day of each and every month • thereafter until paid in full. I ~ ~ , This note may be ptepaid in whole or in put afte~ one yeat trom the date hettof upon payment of a penalty equivale~t ~o f~ve percrnt of lhe princips! sum prepaid. Each in~tallment payment ahalt be c~cdited fint on the ieterest due, and the remainder on principal; and inten•t ~:hall thrrr- upon cease upun the pnncipal so credited. Thc makers and ~ndorsers o[ this note turther agree to waive demand, notice of non-payment and protesi, and in thr eve~t suit ~}?~11 be brought for the collection hereof, or the same has to be collected upon demand ot an attorney. to pay teasonable attomey'c fr~~ [or making such collection. Deferred paymenta hereunder shall bear interest at the rate of ten percent pec annum from m~turity untit paid. 1'hi~ note ie eecurcd by ~ mortgage of qren datt he~ewith ~od is to be conetrued and enforred accordinR to the laws o! the ~tatr of Florids• upon dcfault in the payment of principal and/o~ inte~eat when due, ihe whole sum o[ principal and intereat rcmainina unpsid ehall, at the option of the holders, become immcdiately due and payable. ~ , i % . , - (SEAL) . - / ~ . _ (SEAL) ar~J ~hall perform, comply with and abide b~• each and ever~~ the stipulations, agreements, conditions and cove- nants of caid ptomissory note and nf this deed, then this deed and the estate theteby cteated shall cease and be ~ null and void. 1. The Abrtgagor hereby covenants and agrees: ia? To pay all and s~ngular the pr~ac~pal and ~nterest and other sums of money payable by virtue of sa~d promissory note and th~s deed, or e~~her, prompUy on the days respect~vcly the same ce~~erally becomes due. (b) To perm~t, comm~t ot sutter no waste a~d to mamtaea the ~mprovcments at aU times in : state of aood irpau and cund~UUn, and to do or perm~t to be done to said premises noth~ng that will alter or chao6e the use and ch~racter ot said property or m any way impa~r w weaken the secunty o( this mortaase. And m case of the re(usal, neglect or inabiliry of the Mott~asor to repair and maintam said proper- ty, the MatpEee msy, at his option, make such repa~rs or cause the same to ~e made, and advance moneys in that behalf. (c) To pay all and s~n~ulu the taxes, assessments, le~ies, I~abiGties, and obligauoes ot every nawre on sa~d described property each and ev~ry ~hen due and payable accordina to law', before they become delinquent, and to deliver to the Mortga6te o0 or beforc March lSth of eacA yea~ ua rectipts ev~dencing the payment of aIl IaHfulty imposed taxts for the precedia6 calendar year; to ~rtdcmnify ~he A1ort~a~ee upon his demand tor all taxes, a~sescmentc am1 char6es that may be assessed upon this mort~age on the indebtzdness cured hereby, and paid by the mortRagee, w~thcwt regard ~o any iaw heretofore enacted a herea(ter to be enacted impos~n6 paymcnt o: the whole or any ~art thereof upon ~he !11mt6a6ee. (d) To pay all and smaular the c~sts, charges anJ eapenses, mcludiag lawyers' ttes and abstract costs re~sonably mcurred or pa~d at any ume by the ~tortga6ee because of the fa~lure on the part of the ~lortga6or to petform, comply w•~tA and ahide by each and e~ery tht st~pulations, a6reements, conditions and covenants of sa~d promissory note and this deed, ot e~ther, and every such-payment sAali bear ~ntercst fran date at tAe rate o! ten UO`"o) prr centum per annum, lc) It is (urther covenanted and a6reed by said parues thst m the e~•cnt ot a su~t beins msUtuted to foreclose th~s mor?gagc, the ~1«t- Ea~ce shall be entitled to apply at any time pend~ng such foreclosure suit to the court havin6 jurisdiction thereof (or the appointment of a receiver of a11 and sinautar the mortEa6ed properfy, and of alI ren[s. ~ncomes, profits, issuts and revenuec thereof, trom w•hatsoeser source derived; snd thereupon ~t 1s hereby e:pressly co.•enanted and agreed that the Court shall fortAW~th appomt such recc~vcr ~uA the usual po~rers and duhes of receivers in like' cases; and said appointment sh~ll be made by the court as a matter of strict ri6At to the NottEa6ee, and without rcfercnce ~o tAe adequacy~ crr madequacy of the value of !he property heteby morta~geJ, cx to the sohen~y or insolvency o( the Mort~a~ors or any othe~ party defendant to such suit, The Aforteagor hereby spec~t~cally waiv~c the tight to oA~~ct ~ to the appoint~ien~ of a rece~ver as aforesaid and hereby ezpressly consents that such appo~ntment shall be made as an adm~tteJ equuy and as a matter of ~bsolute riaht lo thc 1lortgzgee and ~hat the same may bt done w~thout notice to the A1ort6agor. ~f) ~f fottclosure proceedin~s should be insututed against tho ptoperty covered by th~s mott~aae upon any ocher lien or cla~m whether alle6ed to be supenor or ~unior to the lien of th~s matgage, the Mortgasee may at h~s ophon immedutety upon m,htutlon of wch ~urt or dunn~ the pendency thueo( declarc th~s mottgaae aod ~he mdebtedness sec~ued hereby due and payabtc torthr~th and may ar opNon procerd to faeclose th~s m«~a~a~- (s1 That the Mott~sor r~ll keep all rcal and personaf property nov or herea(ter encumbered by the I~en of :his mo:tgage ~nsured as mry be rtQuired (rom hme to time by the Mort6agee a6a~nst loss by f~re, w•~ndstorm and otAer hazards, casu~lues and contmRencies fur w.h ptr~ods and ior not less than such amounts as may be requ~red by thc Mortsa6ee and to D~Y D~~Ptly when duc all pJtm~ums for such msunnce. The amounts o( msuronce requ~red by thr ~1ort6agee shall be the mm~mum amounts for .rh~ch sa~d msutance ~hj11 bc unnen and ~t shall be ~ncumbent upon ihe Mortga6« to mamuin .uch addiuonal msurance as may be necessar} tu mect and ~ompty fully u:th alt co-~nsurance ttqwrements cootamed m sa~d pul~ete~ to tht end th~t the s~~d ~lort~aaor ~a not a co-insuror thercunder.In.uranee sha11 bt wr~tten by s company or compan~e~ approved ur de~~6nated by the 111ort~aaee and all pol~c~es and rene~al~ ~hereof .hall he Ael~ by the Mat`a6ee. All detailed desiensUOns Dy the \lortga~or which are accepted by the .l~ortp6ee and all aareemcnt~ betwcen ~fortgagor and Mort~aate rrlaUna to msutsnce, no~ exisuna or hereafter made, shall be in wntm~ and shall be a part o( ~his mortgage agrecmcnc ss (ully as tAoush set fath v~rbaUm hetein and shall eovern both parhes hereto and the~r successors and ass~6m. ho I~cn upon any ~~f s~id polities of ~nsurance ot upon aoy retund nr return prem~um which may be payabte on tAe cancellation a tcrm~nat~on thertof, ~ha11 be j~ven to other rhan the Morlga6ee, except by proper endorsement a(f~xed to such policy and apptoved by Mort~agce. Fa~h pnl~~y „t rosutance shall have a(fixed thereto a Standard Uew York ~1ort6~see Clause vr~thout Contnbuuon, makm6 all los~ or losse. unJr~ ~u.h policy paysble ~o the 3twtpsee as its ~n~erest may appear. ~n the eveot any sum or sums ot money become payable thereunder thc ~U~rt- ~~i« sAa~~ Atve--+Ae opt~on to rece~ve and apply the came on account of the mdebtedness hereby secured, o~ tu permu thc \1~r.~e.,e~•r lo rece~vt and use ~t, or any part thereof, w~thout therebp wa~vms or impairms any equity, hen, or n6ht und~r and by •:~rtuc nt ~R,. ma~~a~e. In evenl o! loss or phys~cal dama~tt tn the mortasRcd property the Mortaaaor shall 6~ve ~mmed~ate n~~t~~c thcrent n. Ihe Mootp~te rnd the Mortga`ee may make pro~.f ni lo~~ thr same ~s not made promptlyb~ the ~tottaagor, In ctirnt ~~f i~~rr~i~~~urc ~ a~uK ~5 ~ACf 1~~$ ~ . ~ u . ~ : , - ~ ~ _ : _ 3'