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Home My WebLink About2981 . ~ & r~ C4tp, 9~ 1 ! : ~ ~~S PROVIDEII, AI.WAYS. that if the Mo~t`a~ot shall pay unto the \tort~a~ee the indebtednrss ev~denced by a certain promissory note of which the (ollowi~= in words and fi`ures ~s a true copy ta-wit ~ . ~ + ~ ~'f~ :~,575_00 • Fort Pierce, F~~;~ AuQUSt 19, t~Z~..- ~ FOR VALUE RECEIVED ~ We ointl and severall pwmise to P~Y to the orde~ o( LILLIAN Y.. K th~ principd wm o'I Six Thousand Five Hundred Seventy- f ive anc~(j~.Q. , ogether with interr~t thereon (rom date at the tate oi ten petcent, per annum unti) matudty, both p~ncipd and interest being payable in law[ul money u( th~ United States at 2244 Biacayne Blvd., Aliami, Florida. o~ ~t ~uch other place u the holders hereot may dcsignate in wnting. F'rincipal aad intere~t payasle in insWlments a[ollovns: One Hundred For.ty ($140.00) Dollars per month, beginning on the 15th day of October, 1972, and continuing on the 15th day of each and every month thereafter until paid in full This note may be prepaid in whole or in put a[ter one yeu ftom the date hereof upon payment of a penalty equival~nt ~o f~ve percent o( ihe principal sum prepaid. Each in:tallment payment shall be credited Crst on the intecest due, and the remainder on principal; and intrn~t ~hall thrrr- ~ upon ceue uF?un the principa~ so credited. The makets and ~ndorsers ot this note furthe~ agtee to waive demand, notice of non•payment and protest, and in thr event suil ~ -!~ail be bmught [or the collection hereo(, o~ the same has to be collected upon demand o[ an attorney. to pay reasonable attomey's i (rr~ for making euch collection. ~ ~ De(ened paymenta hereunder ahall bear interest at the ate of ten percent per annum from maturity until paid. 7'his note ia ~ecuted by a mottg,age of evee date herewith and ie to be conatrued and enforced according to the laws of thc t ~tat~ of Florida; upon def~ult in the payment of principd andlo~ inttrest when due, the whole eum o! principal and intere~t ~ rcmaining unpaid sha11, at the option of the holdees. become in?mediately due and payable. / , - ~ ~ - ~ / 1 - ' . ' (SEAL) r _ , ~ ~ ~ _ , s, cs~nL, ~ ~ - i I ar~d shall perfnrm, comply µ~th and ab~de by each and evrr~ the supulationa, agreements, c~nditions and cove- nants of said prom~ssory note and ~~f this deed, then th~s dced and the estate thereby created shall cease and be null and void. ' i L The Mortgagor hereby cuvenants and agrees: i j (a) To pay all and ~~nsulu tne ~r~ncipal and ~n~ercst ~r,d other wms of money paY+ble by nrwe oi sa~d prom~ssory note and th~s ~ detd, or e~lher, p~omptly on +he da>s respecu•ch rhe same se~~erally Fecomes due. 't (DI To perm~t, comm~t or sutfer no vra,te a~d to ma~nu~n thc ~mpro~ements at al! umee m a sta~e ot;ood repa~r and cond~uon, and co do a permrt to be done to sa~d prem~ses nutA~n~ that w~l! atur or chan~e tht use •nd chu~ctet of sa~d property or ~n any r~ay ~mpur a re~ten the secunty of th~s mort`a{c. ~nd ~n case ~.f ehe refusal, ne~lect or m~b~lrty of the Mort~asor io repair and muntun s~id propu- ty, the Mo~tp~ee may, at h~s opu.x~, make ~uch tep~us or cauce the same to be m~de, anS ad~•ance moneys m that beh~lt. ~ (c) To pay all and sm~ular the uxcs, assessmems, le~~es, lub~i~hes, and obli~~uoas of cvery nature on sai! destnEed property each ~ and evetp ~hen d~c and payable accord~na tu lar, betare they become del~nQuent, and to del~ver to the Mott~a{ee on or before Match n 15th ot e~cA year ~u receipts ev~dencin~ ?he paymem ot all Ir~v(ully ~mposed taxe~ for the preeedin~ c~lend~r year, to ~ndemn~fy the ~ Mat~~~ee upon h~s dem~~d ta all taaes, asscs~meets and char~es tAat m~) assessed upon thls mort~a~e on the inde~tedneas a•- cured haeby, and pa~d by the mortp~re, w~thout rc6ard to any 1~~ Aeretofore rn~cted or here~fter to Ee enacted ~mpos~n~ n~yment o( the whole m any ~arl thereof upon the .lloriRasee. ~ (d) To p~y al{ and ~~njular ~he costs, char~es and eapense~, ~ncludin~ I~Wyers' fees and ab~tract costs reasonably incurred nr p~~d at ~ any ume by thc Mor~~a{ee beiaust of the f~~lure un the part of the \1ort~a{or to perform, compty ~~th and abede by e~ch and every the snpulat~ons, a~reements, condrtionc and covenants of sa~d promuaory note ~nd th~s deed, or euher, and everY such~p~ymem shall be~r ~nterut from date •t the r~~e ot trn (IOt) per centum per annum. ~ (c) It i~ turther covenanted ~nd a~reed by sud puaes that ~n the event ot a su~[ be~n` mat~tueed to toreclose thi~ mort~~~e, the Mor~• {a~tt ih~ll be en~~tted to apply at sny time pendin~ ~uch toreclosure su?t to the court h~v~n~ jun~daction lhereof tor the •ppo~ntment ~ o( ~ rece~ver of all and sm~ulsr iAe mo~t~a~ed propecty, and ot ~U rents, ~ncomes, pro(~ts, usues •nd revenuea thereof, from vh~taoever source dtnred: •nd thereupon ~t ~c hereby expressly coven~nted •nd a~reed tAtt the Court sh~ll fortA.itA ~ppoint sucA rece~vt~ +~ith the wwl porers and dut~ea of receivers ~n like c~aes: •nd s~~d appo~ntment shall be m~de by tAe court a m~uer of stnct n~At to ~ ~ the Mat{~~te, ~nd wuhout rcterence to ~he ~deQu~cy or m~dequ~cy of the ~~lue o( the property hereby mort~a~ed, or to t e eo ~ency ~ or ~niolvency o! ~he Mwta~~as or any other p~ny de(rnd~nt to such su~t. The Mott{~sor hereby specd~c~lly r~ires the r~~ht ~o ob~ect ~ to tAt ~ppomtaent of • recerver ~a afaresa~d •nd hereby taprtssly crosent• that such ?ppomtment shall be m~de •s an adm~tted equ~ty ~ •nd u~ eoitter ot ~bsolute n~ht ~o the A1Mt~a~ee and tAst the ~~me may be do~e w~thout notice [o the INort~~~or. ~ (f) Jf faecloaure proceedin~s should be inst~tuted ~~~in~t the property covered by 1h~s mo:t~~~e upon any other I~en or cl~im whether ~Ile~ed to bt super~or or ~unior to ihe hen of this mort~~{e, the Morta~tee may at his opt~on ~mmedutely upon myutution of sucA su~~ r; ot dut~n~ the pendency tAereo( declue ih~s mat~~~e ~nd the ~ndebledness secured hereby due and p~y~ble torth~rrtA an6 msy at ~cs optioe proceed to tarecloie th~s mort~a~e. '-~-3 Th~t the Mo~t~~~or ,v+l) keep alI real and personal proper~y no~ or herutter encumbcred by ~he I~en ot th~s mort~a~e insured •s may be requ~rsd (ran ume to ame by the Mort~~jee ~~ainst loss by hrc, w~~ndstam and other hazards, caswltus snd conun~enc~es for such per~ad~ and tor not lus N~n suah •moum~ u m~y be reQuved Ey tAe Mortp~ee ~nd to p~Y Dromptty ~hM due ~11 prem~ums fw suc~ ~ msur~nce. The •efount• of ~n~ur~nce requued by the Mort~~~ee ah~ll be the m~mmum •mounts (or ~vh~ch sud m~ur~nce shsll be ~nuen ~nd ~t shsll Dt incumsent upon the Mortp{a to munum such ~ddiuon~l ~nsurance •a miy be necessuy to meet ~nd comply (ully ~ith ~I! co-~niurance requ~rements cont~~ned in ~ud pol~c~e• to tAe end tA~t ~ht ss~d Mat~~~or ~s not a cw~nsuror thereunder.lniur~nce sh~ll bc .ntten by • comp~ny or coeep~o~e• ~pproved a des~~n~ted by the Mat~~~ee •nd •11 pol~c~es and renew~ls thercof sh~ll be he1J ~ by the Matp~et. All deuiled dcs~~n~t~ons by ~hc Mon~~~or ~rA~eh ~re ~ccepted by the Mort~~~ee and all a~reements betreen Mort~~~or snd Mort~~~tt rN~un~ to m~ur~nce, nor eautin~ on c~rc~(ttr m~de, ~h~ll be m rntm~ ~nd sh~ll De s p~rt of th~s mat~a{e •{reement ~ •s tulty tAou~h iet forth verb~t~m Aerem and ahaU ~orern both puhes hereto and theu successas ~nd ~ssi{ns. No I~en upon •ny of ~ •~Id pohc~es of msur~nce a upon •ny refund o?rNum prem~um ~h~ch ~n~y be p~y~01e on tAe c~ncell~uon or term~nation ~hereof, sh~ll bt ~~vee tu otAer rh~n the Mort~~{et, e:cepe by proper endorsement •(fised to such pol~cy •nd ~ppoved by Mort~~jee. EacA pol~cy nf ~r msur~nce ~h~ll h~ve •((~~ed theu~o ~ S[andud Ne+ Yak Mor~~~~ee Cl~use ~~thou~ Contnbuuon, m~kin~ all losa or Iosses under ~uch policr p~y~ple to the Mortp~ee as ~ts ~mereit m~y ~ppeu. (n tAe evsnt ~ny sum or sums ot money become p~ysble ~haeundec the ~1or~• ~=i ~~~ee shal! h~r~ the opt~on to rece~ve aM •pD~Y ?ht •~me on aeeount ot the indeDtedness hereby secured, or to permic tAe ~1ort~aEor ~ ~o rsce~ve •nd use ~t, or •ny p~rt iAereo(. ruhout tAereby •~ivin~ or ~mpunn~ any eQwtY. I~en, o~ n~ht under and Ay vu~ue o( ~h~, nart~~~e. In event of lo~~ or pAysic~l d~m~{e to tAe mort~a~ed property the Mort~a~a sh~ll ~~ve ~mmedi~tc notice thercof by rr.s~l t~~ lAe Matp~ee and the Mort~~~ee m~Y m~ke ptuof of loss ~t the same ~a not made promptly b~ ~Ae Nort~aaor. In cyem ~f fure.l~~~ure s~> . ~ ~ , ~ ~ OOK t~+f~ ~ ~ ~ ~ ~ , ~ ~ _ _ ~ ~ -