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Home My WebLink About2531 ' ~ ~O ei~!1 ~ ~~y~ PROVlDEn, ALWAYS, that if the Nortgagoc shall pay unto the Llortgagee the indebtedness ev~denced by a. certain promissory note of which the fottawing in words a~d fi~ures ~s a irue coov twwit: i~ . s 925.00 Fort P erce, ~a;~, Se~,te~ r t~ t9~~ ~ ~ ROR VALUE RF~CEIYED We ointl and se promi.~ to p.r ~ to the orde~ o( NLIA COH the principal wm ot Nine Hundred TwentX five and n~tQO-------DOl.l.!?RS. ~oac~her.ritA i~tene.t t = + thercon iwm date at the rate of tea perceet, pa annum u~W maturity. both principa! and intcrest bein6 payaWe in law~~l aio~ey oi ~ the United Stata at 2244 Bi~cayne Blvd., Miaeni. Florida. or at wcb other place a the hdders hereoi may dai~wte i~ weitint. ' Principal and ietetrc~t payabk iw inrtaU~ents ar follorrs: } , Twenty-five($2S.00)Dollars per month, beginning on the ZSth day of ; November, 1972, and continuing on the 15th day of each and every ' month thereafter until paid i.n full ~ ` This note may be propaid in whole ot in part atter one yeu trom the d~te heraot upon p~ya~ent of a penalty s~pi~ale~t ~o t~ve percent of the ptincipat sum prepaid. • Eaeh inetailme~t payraent shall be credited fust on the intmst due. and the remainder on principal; aed ieteee~t daN tbete- upon ceaae upon 1he prieeipa~ ro credited. The makers aod en~one~s of this note furtl~er a~ce to waive demand~ notice of no~-payment and pwtest. a?d in th' ereet wit sl~all be brouaht for thc colkction hereoi, or the ~a~ae haa to be oollected upo~ dcmand of an attorner, to pa~? teron~bk atta~ury's frr. (or makin6 wch cdkctioe. ~ Defencd parments hereundet ~hali beu inte~est at the nte of ten percent pe~ annum trom eoaturiq unW ~aid. ~ 7'his note ia ~ecurcd by a nwrt~ae ot even date herewitl~ and is w be caatieued and enlorced accoedu~ to the lawt ot the ' ~tate of Elorida; upon defw(t in the~a ymeot oi principd andlo~ intaest ~rhen dne~ the Mrhde w~m oE principal ani ie~aeat Kmainin` uopaid ~hdl, at tbe eption of the laldees, bcconie imme ' tdy due aad p~yable. . - ~ ~ ; ~L) _ ~ ~ ~ * (SEI1L) ' t ~ f i and ~hal! 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 th~s deed and the estate thereby created shall cease and be i null and void. 1. The Alortgagor hereby covenants and agrees: (a) To pay all and s~ngular the prmc~pal and tntercst and other sums of money payable by vittue of said promissory note and th~s deed, or e~~her, promptly on the days respecuvely the same ceverally becomes due. (b) To permit, commit or sutter no ~raste and to mamum the ~mprovements at all umes in a state of 6ood repair and condrt~un, and to do a permit to be done ro said premises nothio6 that will alte? or chsnae the use and characte~ of said property or in any way ~mpair w veaken the security o( this mortsa6e. And in case of the re(usal, ne6lect w inability of the Mort6t6or to repair and maintain said proper- ty, the Martp6ee may, at his ophon, make such repairs or cause the same to be msde, and advance moneys ia that behalf. # (c) To pay all and sinsular the uxes, assessments, Ievies, liabil~ties, and ablisations ot every nature on said described properry aacA and every when due and psyable accordina to law~, before they become delinquent, and to deliver to the Mort6a6ee on or before Macch lSth ot each ycar Ux teceipts ev~dencin6 the paYment o( all lar•fully ~mposed uxes tor the precedins calendar year, to indemnify thc A1ort~asee upon his demaod for att taxes, assescmentc and charses that may be assessed upon this mortaaae on the indebtedness s?_ cured hcreby, and psid by the mortaagee, ~a~ithout reEard to any law heretofore en~cted or herealter to be enacted imposina nayment o: the rhole oc any .~an tAereo( upon the Mortgagee. (d) To uay all and s~naular the cocts, charg~s and expenses, includ~n6 Iawyers' fecs and abstract costs reasonably incurred ~r pa~d at any ume by the Alwtsa6ee becaust ot tht lailure on ihe part ot the Mor~gaaor to perform, comply w~th and abide by each and every the shpulat~ons, a6reements, cond~tions and covenants of said promissory note and this deed, or either, and every such~paymen~ shall bear ~nterest trom date at the rate ot ten I10'E) per centum per annum. It is turthet coven~nted and a`reed by said pa~ties that in [he event of a suit. bein~ inst~tuttd to f~+reclose this mor~gaae, the 111«t- ~ i gasee sbaU be entitled to apply at any time pending such forcclosure suit to the court havins jurisdiction thereo( for ~he appointmem of a receiver of all and sinsular the mor~6a6ed property, and o( all rents, ineanes, profits, isaues and revenues thereof, from r•hatsoever ~ ; source derived; and thereupon it is hereby expressly covenanted and agreed that the Court sh~ll torthrith appoint such receivet +•nh ; the usual powerc and duties ot ~ecc~vers in lite cases; and said appointment shali be made by tho court as a matter of strict right ~o the Mortsa`ee, and w~ithout refecence to the adequacy or inadequacy ot the value o! the property hereby mort6ased, or to the sols•ency or iesolvency of the Mortsagps or any other par~y defend~nt to suth suit. The Mottsagot hereby spec~fically waives the r~ght to ob~ect to the appointment ot a rece~ver as aforesaid and hereb~• expressly consents that such appo~ntment sha11 bt made as an adm~tted equ~ty and as a mat~er o( absolute riRht to the A1at6agee and that the same may be done without notice to the Mortsaaor. 1( (oreclosure proceedin~s should be instiwted against the property covered by this mortga6~ +~pon any other lien or cla,m whether ~ alleaed to be superior or junior to the lien of this mortaa6e, the Mortgasee may at his option immedutely upon m,tituhoo o( wch suu ~ or durins tAe pendency thereof declare this mortgase and the indebtedness secured hereby due and payable torthwith and may at option proceed to fo~eclose this mort6a6e. (~l That the Mottsasor will keep atl rc:l artd personal propetty now a heteafter encumbeted by the I~en ot this mortgage insured as may be required froen time to time by the Mort6agee asamst loss by fire, ~•indst«m and other hazards, casualues and conunEenc~es for such penods and for not ?ess than such amounts as may be requ~red by Me Mortp~te snd to paY Dromptly when due atl prem~ums for such ~nsarance. The amounis o( iesurance requ~red by the titortaaaee shall be the min~mum amounts for wh~ch said ~nsurance shall be wnticn and 1t shall bt ~ncumbent upon the Mort6a6oc to ma~nuin such sdd~tional insuranet as may be necessaty to meet and comply fully w~th all co-~nsurance requirements conta~ned in sa~d poGcies to the end that the said Mortgagor ~s noi a co-~nsuror thereundrr.lnsurance shall be rntten by s comp~ny or caopan~es approved or des~6nated by the Mort~a~ee and aU pol~cies and renewats thereo( ,hall be held by the M«t~a6ee. All detailed desianat~ons by ~he Mort6a6or w•h~ch are accepted by the Mort~a6ee and all aareemrnt~ bet~aeen AlortgaEor aod Mort`a`ee relaUns to insuranct, no~r ea~shn6 or hereafter made, shal) be in w~titing and sAal! be a part of this mwtgage agrcement - as fully as thou~h set (orth verbaum here~n and shall sovern both part~es hereto and their successors and ass~gns. No lien upon any ~~i i s~id policies of msurance or upon any re(und or return premium which may be payable on the cancel(ahon or t-rmmatwn therenf, .Aatt 3 ~ be ~~vrn [o o[her fhan the Mortsa6cr, eRCept by proper endorsement afh:ed to such poiicy ~nd apptoved by Mortgaeet. Fach pol~cy ~~f ~ , msursnce shall havt affiaed thereto a Standard New York Nortsa`ee Clause w~thou~ Conlnbuuon, mskm~ all loss a loss~~ undrr .u~h y policy psyable to the ~lortp`ec as its ~n~erest may appesr, In the event ~ny sum or sums of money becoae payable thercun,tcr ~hc 1t~~r~- ? sa~ee sAaq hsve the opt~on to reccive and apply the same on account of the mdebtedness hereby secured, or io perm~t thc \tnrt~.,~e~~r f to rtceire and use ~t, or •ny part thereof, xithout thereb~ ~aivm6 or ~mpamn~ any eQ~.-ty,.~er~,,or n`ht unJrr and br• v~r?uc ot th:. ma~~ate. In event of loss or phys~cal damage to the mortaaEed property the Mortsasor shall e~ve ~mmedwte nodcc therrn( b~ -,:t the Sfortjasee and ~he Mortaaaee m~y make proof of lo~. ~f thc same ~c not made promptly b~ the \1 t g ~trn~ ~~f tr~ ~e~ nt ` ~0~(~~VU PACE~J~ / ~ , ~ - . ~ _ ~ ~ N~~ . ~~'"'a.~'-v ' s,'-~ ~ `~~-"~'~,~~'~r. _ _ .