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Home My WebLink About2157 , ~u?U. Q~ - . . ~ PROVIDEI), ALWAYS. that if thr ~lurtg~gor ~hall pay uou~ ~he ~tottgagre the indeatedness ev~denctd by a rertaio prum~ssuty ~ole ~•f which the follov?~ng in wo~ds and f~gures ~s a true copy to-w~t: • i , i~ ' g 8~150.00 _ Fort P erce, g~;d, Seutemb~r 23, t972 FOR VALUE RECEtvED We ointl and severall promi.e ~o Par totheorderoi LOUIS D. SCHAFFER ND RI N F ER. HI the p~incipal wm o[ Fi ~ht Ti~n~teanr~ [tnp N~~nc~rc~d Fi ftv and nn/ 1 nOpLLARS, togethet with i~tcrest the~toa hom date at the ~ate ot tcn pa+aet, pet annwa ur+W maturity, 6oth principal and intctat bcin~ p~Yadk in law[ul monep of chc United Sata ~t 2Z44 Biaayne 81vd., Miami, Fio~da, or at weh othet place as the holdas haeoi anay de~iaeate in rritina. Prineipd and ieterat payable ia instdfa~enb a~ tdlow~: One Hundred Twenty-five ($125.00) Dollars per month, for sixty (60) consecutive months, on the 15th day of each and every month, beginning on the 15th day of November, 1972, and continuing until the 15th day ~ of November, 1977, at which time the balance shall b.ecome due and payable. This ~ote may be prepaid in whola ot ia put after one yaar fran tha date hereot upoe payarcnt of a penalty equivale~t to five pe~cent of the principal tum prep~id. Each in~tallment piynient shal! be credited ~rst on the interat due, and the remaioder on principal; and intere~t l:hall thr~r- upon cene upun the principal w credited. The m~kcrs and endontts of thi~ note futther a~et to waive denund. notice oE no~-~ayment and protest. and in thr event,wit rlutl be bcou~ht,tor thc collectioa lieeeo(, o~ the ~an~e has to be eollected upon danand ot in attorney, to pa~r reasonabk attomey's tee,~ (or makie~ weh edlection. Dtfen~ed parments hennndet ~hdl Sear internt at the rate ot ten percent per annum iw~n auturitp until paid. Thia note ~ acured by a nart~e of eren d~te herewith and 'u to be eonatrued and enfoeoed accadina to the laws of the State d E'lotida; upon dcEwit in thep~ nrent of peincipal uidlo~ it~taest w?fun due, the rrhole w~m of prineipal and iMc~d ~enraiin~ unpaid ~hdl, at tl~e oplion of the holda+~ 6ecome ~nuncdiaed~r "and payable. . ? SI ~ (SEAL) , , - - 5 t _-t-~' (SEAL) .i ar~J ~hall per(orm, comply with and abide b~ each and every the stipuiations, agreemrnts, conditions and cave- nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be - null and ~~oid, 1_ Th~ Alortgagor hereby covenants and agrees: ta) To pay all and c~n~ular the pr~nc~pal and ~nterest and other sums of money payable by virtue ot said promissory note and this dced, ur e~ther, prompdy on the days respectively fhe same severally becomes due. Ibl to perm~t, coemret w suffer no ivaste and ~o ma~n~ain the ~m~orements at all nmes in a state of sood repa~r and cond~uon, and to do ~x permit to be done to sa~d prem~scs nothin(t that w~ll alter or chan~e tAe use and character of said proputy or in any Mray ~mpair or ~~eaken the secunty ot this mon~~se. And ~n case of the refusal, neelect or inability of the Mortgasor to repair and maintain said proper. ty, the Ilfataa~~e may, at his op~~oa, make such repa~rs or cause the same to be made, and advance moneYs ~n tharbehsl(. 1.1 To pay aU and sin~ular We taxes, assessmems, leries, liabilities, and obli6ations ot every naturc oo s~id described property each and every when due and payable accordins to la~a, betae they become delinquent, and to deliver to the Mortsssee on or before March ISth of eacA year tax receipts e~~dencins the pay~men~ of al) la~~tully ~mposed taxes for thc precedins calendar yur, to indemni[y the Alortea6ee upun hic demand (or all taxes, asseccments and char6es tdat may be assesscd ,upon this mortsa~e on the indebtedness s~- cured hereby, and paid by the m«tEa6ee, a~tha~t regard to any lar heretofore enacted or hereafterto be enacted imposina payment o: the whule or any ~art thereof upon the Alort~a6ee. !d) Tu pa) ell and s~ngular the costs, charges and expe~cec, includ~na lawyers' fees and abctract cos~c reasonably ~ncurted or paid at any ume hy thr ~kntgagee because of the fa~lura on ~he part ot the blor~gaaor to pedorm~ casply vnh aad abide by each and every the shpulatu.n~, agreements, condu~ons and covenanis of said praaissor}~ note and this dted, or e~ther, and every such'payment shall beat intcrest irwn date at the rote ot ten 110'~e) per centum per annum. ~ Irl It [urther co~enanted and a6reed by sa~d pathes lhat m the event o( a swt bein6 insututed ta foretlose th~s mott6a6e, the Mat- gaeee ~hall be entitled to appty at any time pending such toreclosute suit to the court having jur~sdlction thereof fa lhe appointment of a rece~ver o( atl and sinsular the roortgased property, and of al! rents, ~ncanes, profits, issues and revenues thereot, froo vhatsoever scwrce denred: and thereupon ~t is hereby expressly covenanted and a6reed that the Court shall forth~rith appoint such receiver W~th the usual povrers and duues of rece~vers in like cases; and said appomtment shall be made by the court as a matter of striet ti~ht to thc A}M~ga~ete, and w~ithout rcference ro the adequacy or madequacy o( the valut of the property heteby matt6a6ed, or to the solvency i~r msolvency of ihe ~lortaagors ~x any ~ther party Jefen.fant to such sui~. The Morteasa hereby specifieally waives the risht to ob~ect to the appointmen~ of a receiver as aforesaid and hereby expressty consents that such appomtmem sha)1 be made as sn admitted equity and as a mauer of absolute ri6ht to thc MortaaEee and that the sa~ne mar be done w~thout notice to the Nott~~sot. lf) IS fnrectowre pnxeedin6s should be instituted against the property covered by tlus mortaase upon any othet lien or cla~m whether alleged to be supenw or ~unior to the I~en ot this mat~aae, the Mor~6a6ee may at his opuon ~mmedutely upan mstitutlon of such su~t ur dunns thr pendency thereof decia~c this mortgaee and the indebtedness secured hereby due and paysble forthwith and may atits optwn proceed to torectose thls mott`ase, s (gl That the ~lortgagor will keep all rtal and petsonal property now~ or hereafter encumbered by the lien of this mort~ast insured as may ' bc required (rom umt to time by the Mot~gasee against toss by fire, w•~ndstorm and other hazards, casuaihes and conUnaencies for such per~od~ and ior not less ihan such arnounts as may be reqwred by the MortEa6ee and to paY D~~D~~Y xhen due all prem~ums (or such m.urance. The am~.unts of insurance requited by tht ~lortaa6ee shall be the min~mum amuunu fur vh~ch sa~d ~nsunnce sha11 be wriuen and i~ shall be mcumbent upon the Mort6a6ot to mainhin such additional ~nsurance as may be necessary to meet and comply fally v~th rll co-incunnce tequitemeets contamed ~n said pol~cies to the eod that the said Mott6asor ~s not a co-~nsuror theteundet.lnsurance +ha{1 bc Wr~tten by a company or companies approved or des~snated by the Mort~asee aod al) policies and renewals thereo( shall be held bY ~~e .liu~~gagce. AII detailed dec~snations by the Mort6a`or ~.h~ch are accepied by the Mortsasce and a)! aa~eements betwee~ MortE~dp~ and Mort6agee relatln6 to insurance, now eaistin6 or hereafter made, shall be in ~rritmg and sha11 be a part of this matpse a~reement as fulty as thou~h set (orth verbat~m herein and shall sovern botA parties hereto and tdeir successors and assi~ns. No lien upon any of sa~d policics of msurance w upon any refund o~ rcturn premium vhich may be pay~ble on the cancellat~on or terminauon thereof, sAall be 6~ven to other than the Mortsasee, eacept by proper endorsement s(f~xed to such pol?cy and approved by Morl~a~ee. Each policy of ~nsurance shall have affiaed thercto a Standud New York lNortp~ee Chuse ~vithout ContnbuUOn, malcin6 alt loss ot iosses under yuch poLcy payable tu ~he ~tortaasee ~s ~ts interest may appear. ~n the erent any sum or swns o( money become payable thereunder the \tort- XaErc .hafl have th~ opt~on to rcccire and apply the eame on account of the indebtedness hercby securcd, or lo permit the ~lortgaEor to receivc and usc u, or any part thereuf, rithout thercby waiv~ns or ~mpa~rin6 any equity, hen, oc rieht under and by v~ttut of thi~ m~t6age. In event of loss a physical damaec to the mortsa6ed property the Mort6a`or shall 6~ve ~mmed~ate nolice thereof by rr:a~I iu the \I~xtga6ce anJ the S}ortRasee may make proof of los. ~t the samt nat mad ptom q b~the \lwtdasor, ~n event of (otetln.ure ot a r - ~ o~~ ~~21~-~ ~ _ ~ > ~ - ~ ~ ~5 f , ~ = . ~ z~.~ -