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Home My WebLink About2397 . , . PROVIDEfI, ALWAYS, that if the \1o~tgagor shall pay unto the ~lortgagee the i~debtedness eviJenced by a ~ certain prvmissory rtote of which the falloN~ing in words and figures is a truz capy to-w~it: ~I~,dHRt~e J~ ~ = 4,325.00 _ Fort Pierce, F~o~d, AuRust 17, ~~_Z2_ ` l FOR VALUE RECEIVED We, Jointly and Severall , p~omiK ~u par to the order o( HOWARD BOCK L _ 0 , HIS WIFE the principal aum o[ Frnir Thrni~anci T}IYPP ~undred Taient~- ~ ~ , togethe~ with interest thereon irom date at the nte of ten percent, per annum until maturity. both princ~pa) ~nd intereat bein~ payable in law[ul money uf the Ueited Jtates ~t 2244 Biaayne Blvd.. Miami, Florida. o~ ~t such other place u the holders hereof may designate in writina. Principal and intetest paya6le in in~tallme~ls as tdlows: Ninety ($90.00) Dolla'rs per month, beginning on the lSth day of October, 1972, and continuing on the lSth day of each and every day thereafter until paid in full This note may be prepaid in whote o~ in put alter one year from the date heceo( upon payment of a penalty equivalent to five percent of the principal sum ptepaid. Each installment payrtient shall be ctedited firat on the interest due. and thc remai~de~ on principal; and inlrrr*t ~hall thrn- upon cease upun the principa~ so credited. The makets and ~ndoraen of this note (urther agree to waive demand, notice of non-payment and pwtest, ~nd in thr event ssuit sliall be brought tot the collection heceot, or the same has to be collected upon demand o[ an attorney, to pay reaso~able attomey's frr. for making such cdlection. Deferred payments hcreunder ahall bear inteccst at the ~~te of ten percent per annum iwm maturity until paid. 7'his note is ~ecurtd by a mortg~ae of even date herewith and is to be construed and enEo~ced according to the laws of the ~tate of Elorida; opon def~ult in the payment of principd andlo~ inteaat whee due, the whole eum of principal and i~tereat rrmainin~ unpaid shdl, at the option of the holders, become immediatcl due and payaWe. CS/ ~ ^o.-:-----._.,.~ ~ .•-~4-f•~.~_--~EAL) , ~ . . ( ~ - ' ' -~SEAL) l and sha11 .perfo~m, 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 thereby cteated shall cease and be null and void. 1. The hlortgagor heteby covenants and agrees: (a) To paY all and s~ngular the pr~ncipal and interest and other sumc of money payable by vittue of sa~d prom~ssory note and th~~ deed, or either, promptly on the days respectivzly the samr severally becomes due. ~ lb) To permit, comn~t ot suffer no waste aad to mamum thc ~mprovements at all times in a state of 6ood tepau and cond~UOn, and to do or permit to be done to sa~d prem~ses noth~nE that ~•~11 alter or chanse the use and chancter of said propetty or m any ray ~mpair w ~ weaken the security ot this rnorisasc. ?1nd in case of the refusal, neslect ot ~nability o( the Morl6asot to repair and mainta~n said proper- ! ty, ~he Mortpeee may, at his opt~on. make such repa~rs or cause the same to be made, an6 advance moneys in that behalf. ~ (c) To pay all and s~n`ular the uxes, assessmcnts, lec~es, I~ab~l~hes, and obliptions o( evety nature on sa~d desctibed property rach ~ and every when due and payable accord~na to lar, before they becane delinquent, and to delirer to the Mottgagee on or be(orc Rlarch 15th of each year ux teceipts evidencin6 the payment o( all law•fully imposed taxes for the precedin6 calendar year; to ~ndcmnify the ~ Afat~aeee upon his demand tor all taaes, asses~mentc and char~es that may be assessed upon this mwtsage on the indebtcdncss cured hereby, and paid by the mortgaeee, without regard to any IaM heretotore enacted a hereafter to be enacted imposin6 ~ayment o: ~ ~he whole or any ~art thereot upon the \1ort6agce_ (d) To pay all and sinsular the costs, char6es and expenses, includins la+yers' fees and abstract cocts reasonably incurred or paid at any t~me by the A1urt6a6ee because of the fa:lute :x~ the part of the Nortgaeor to pertorm, comply w~th and ab~de by each and every the st~pulations, a6reemenes, conditions and covenants of said promissory note and this deed, or eitAer, and erery sJch~payment chail btar mterest from date at the nte of ten l10°'~) per centum pe~ annum. (e) It is furthet tovenanted snd a`reed by sa~d parhes that m the e~~em o[ a suit bem~ ~rtst~wted to foreclosc this mwtgasc, the ~1ort- aasee shall be entitled to apply at any time pend~n~ such forecloswe suit to the court havins jurisdictian thereot for thc appointment of a receiver of all and sin6ular the mortga6ed property, and of all rents, incomes. profits, issues ~nd revenuec the~eof, from Mhatsoeve~ source derrved; and thereupon ~t is hereby expressly corenanted and agreed that the Court shall torthw~th appo~nt such recc~ver y uh the usual po~rerc and dut~es of receivers in lite cases; and sa~d appomtment shall be made by the court as a matter ot strict nght to the Mortpiee. and without reterence to ~he adequac~• or madequacy o( the value of the ptoperty hereby mort6aEed, or to the soh•ency or insolvency of the Mortp~ors a any other party defendaM to such suit. The Mortaasor hereby spec~f~cally w~aives the nght to ob~cct to the appointment of a receiver as aforesaid and hereby eapressly crosents that sucA appo~ntment shall be made as an adm~tted equity and as a matter ot abso{ute ri6ht to the S1cxt6agee anJ that Ihe same may be done w~thout notice to the S1ort6a6or. ~ (f) If foreclosure proceed~n~s should be instituted asainst the property covere3 by th~s mott6a6e upon any other hen or cla~m whether ~ aliesed to be superior or j~nior to the lien ot this mortgase, the Mort6a6ee may at his opuon immedutely upon ~n,ti~uuon of ~uch suit or durin~ the pendency thereof declare th~s mortga6e and the ~ndebtedness secured hereby due snd payablc torthwUh and may a~ ~ opt~on proceed to faeclose this matsase. 1 ~ That the Mort6a`or W~11 keep all real and personal pcoperty nov or hereafter encumbered by the I~en of :h~s mor~gage m,ured as may ~ be required (tom time ~o time by the Mor16a6ee a6a~nst loss by (ire, w~~ndstorm and mher hazards, casualt~es and contmEenc~es fur w~h per~ods and ior not '•ess than such amounts as may be requued by the Nott~a~ee and to pay Dromptly when duc all premiums for sa~h ~ ~nsur~nce. The amounts of msurance requ~red by thr Atort6aRee shall be the mm~mum amounts for ~h~ch said insunnce sh~ll bc wntten ~ and it shall be mcumbent upan the Mortgagot to ma~ntain such addeHonal ~nsurance as may be necessary tomeet and comply (ully v.~~h all co-~nsutance requ~rements contained ~n said pohcies to the end that tht sa~d Alott6a6or ~s not a co-insuror thercundcr.lnsuran~c sAall be wntten by a comp~ny o~ compan~es approved or des~gnated by the Mort6a~ee and aU poLc~es and renewal. thercof ,hall ?~e he1J by the Mo:tqsee. All detailed desianat~ons by the Mor~6aaor wh~ch are sccepted by the Mortgs6ee and all aarcement~ be~ween ~lortgaEor and Mort~asee relahn6 to ~r,swance, now exisuna or hereaftcr msde, shall be in ~ritms and shal) be a part of th~s mortgage agrcament ~ ss tully as thou~h set fath verbat~m herem and shall sovern both parues hereto and tAeir successors and assign~. No I~en upun any nf s~id policies ot msurance or upon any refund w return prem~um which may be paY~ble on the cantellat~on a term~nation therenf, .h~ll be ~~ven to other than the Matsa6te, eacept by propcr endorsement aff~aed to such poLcy and approved by Alortga6ce_ F.a.h poli~> ~~f msurance shsll have a(fued thereto a Sundard NeM York Mortpaee Clause w~thout Contnbunon, makms all losc nr lossc~ undrr -u:h policy payable to the Mortpsee •s ~ts ~nterest may appear. In the event any sum or sums ot money become payable ~hereunder ~he ~1~~r~- 6a~ee ~.hall have th~ opt~on to rece~v~ and apply the same on account of the ~ndebtedness hereby secured, or to permi~ thr \1~z:F.~e~~+ 1o rece~re and use ~t, or any part thereo(, w~thou~ therebp +a~~m~ or ~mpa~nns any equ~ty, lien, or n~ht undcr and by •:irtuc ,1::~ ` mort~a~e. In event of loss or phys~cal damase to the mortEaged property the Nort6a6or shall 6~vt ~mmad~ate nou~c thrrrn( hq "s•? the Morl~a`ee and thc itor~~aEee may make proof ot lo.. ~f thc same ~s not made promptly by the \tort6aga. !n c~rm ~•f t~.re~I~•~urr ,.t ~ - - ~~k~2d5 ~~~2~~97 ~ . : ..~:4~.~ , s . ~ z:`;~~~ ~ - _ ~