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1'R~~~InF.I~, :~I_NAY~. thai ~f Ihe ~turtgag~+r ~hail pay unto Ihe ~1~?rtSa~Ct the in~lebtedntsa r~~~tnceJ M• a
~rt~ain ~~n~m~..~~ty n~tc ~~1 wh~ch the foll~•wina ~n wurJa and f~~urcs ~s a trut l'Q~1V 1MN11
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i ~.~~W~i~~ 1~ I
s 2;050.00 Fort Pierce, October 19, ~~72 _ ~
FOR VALU~ ~g 1VE0 I ptomiie to pay
to the orderof Nat Frie man, rus ee
the phncipal sum oi TWO_ ThOUS alld F 1 t v an no 1 ppLLARS, togethet with intercat
thereon ftom date at the ate oi ten perce~t, per annum unti) maturiq, both principsl a~d interest being payable in law[ul money o(
the United States at 2244 Biscayns Blvd., Atiami, Florid~, or at such other place aa the holders henof may desigr.ate in writing.
Principal and interest payaWe in inaWlmeots ar follows:
~ Fifty-five ($55.00) Dollars per month, beginning on the lSth day of
December, 1972, and continuing on the 15th day of'each and every month
thereafter until paid in full
This rtote may be prepaid in whole or in put after one year from the date hereo( upon pa;ment of a penalty equivalent
~o five percent of the principal sum prepaid.
Each inatallment paynient shal) be credited firat on the intetest due. and the remainder on principal; a~d interc•t ~hall ihrrr-
upo~ ceue upun the principal so credited.
The makers and endoreers oi this note [unher agree to waive demand, ~otice of non-payment and protest, a~d in thr event suit
sl~atl be brought tor the collection hereof, or the same has to be colleeted upo~ demand of an attorney, to pay ressonable attomey F
frr~ for making such collection.
De(eRed paymenta henu~der shall bear intcreet at the rate of te~ percent per annum from maturity until paid.
This note a ~ecured by a nwrt~e of even date herewith and is to be conetrued and enforctd according to the laws oE the
~tate of Elorida; upon def~ult ie the payment of principd and/o~ interest ~'hen due, the whde eum ot prin~ipal and intereat
rrmainin` unpaid ahalt. at the option of the holdcrs~ bccome immediately due and payable. .
f
~ ~ ' ' (SEAL)
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' (SEAL)
~r,J ~i~:~ll prrf~tm, comply with and abide by each and every the stipulations, agreements, conditions and covc-
nant~ of ~aid promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and vo~d.
l. The ~lortgagor hereby covenants and agrees:
(e1 Tu pay all and singular the pr~nc~pal and m[ercst and other sums of money payable by vuwt of said prom~ssor> no.e enJ ~h.~
dred, ur e~ther, promptly on the days respect~vely the same severally ~ecomes due.
7.~ permu, comm~t or suffer nu rraste and to mainu~n the ~mptovements at all umes in a state of 6ood repeir and condu~or. and ~o
do ~r prrm~< <o ~e dorte to said prem~ses nothmj that w~ll alter or chanse the use and character uf sa~d property or m any N,v impa~r uc
4 Meaken tnc .ecunty o( th~s mwt~age. And m case o( tAc rctusal, ne~lect or inab~lity ot the Mortp~or to tepau and mai~t~~n .~id p•~per-
i 2y, ~hc ~tortgaEee may, at his opt~on, make such repairs or cause the same to be made, anA advance moneys in tAat Dchalt.
~ 1 T~. p~y all and ~m~ular the uaes. assessmenrs, lev~es, Iub~Gties, and obl?pt~ons ot every mture on ea~d descnbed pro~+ercy eacA
{ ,n~ : rry rhrn .~ur and payable accord~n6 to law, before they become delinquen?, and def+rer to the Mort6a~ee on or beiore Merch
~ t5eh ot ea.h year tax rcce~pts ev~dencin~ the payment of all lawfully ~mpo.ed taxes for th~ preced~n6 catendar ytar, to ~ndemn~(y the
< <lrxtaa6ee upun his demand (or all taaes, assescmems and charses chat may be assessed upon th~s mort~a~e on the ~ndeht:dneas
~ iured ~crrhy, anc! pa~d by the mortRa6ee, wrthout reR~rd to any law herctofore enacted or Aereatter to be enacted ~mpos~nR n.~~m~nt o:
the Mh,dr „r an~ ~art thercof upan the A1ortR~6«-
Id1 pey .~11 and s~naular the costs, charges and expenses, ~nclud~n6 laryers' (ees and aDstncr co~ts re:sonably ~ncurred pa~d
~ .~m um~ n• ~hr ~fat a ee because ot tht fa~lure on ~he
y t E Dar~ ot the NortRaaor to perform, cumply ,r~th and ab~de by each anJ trrv ihe
.rpu:aiuma, asrcements, cond~t~ons and covenante o( sa~d promissay note and th~s deed, or eitRer, and every such~paymrnt .h.!! ocar
,r,~<<r.t (rom da~e at the tate ot ten 110°el per centum per annum. .
~ I: funher eo~enanted and agreed by sa~d Darties that m the e~ent o( a su~t be~ng insUtuted to for-.close th~s mortga6• .~nc \t~~•~-
gager .hall be enutled to apply at any hme pend~ng cuch foreclosure suit to the court hav~n6 7unsd~cucx~ thercot (or tl~c appuintrnent
~ o? a rocei.er ot all and s~ngular tAe mwtds6ed properry, and of all rents, mcomes, profits. ~ssues and revenue~ thereof, from wAatsorver
~nurcr derired; and thereupon ~t is hereby eapressly covenanted and a6reed ~hat tht Court shall f.,rthw~tA appmne .uch rece~+er w~1h
ihe u.ual powerc and duaes of rece~vets ~n hke cases; and sa~d appomtment shall be made by the cowt as a m~:ter ~f titnet N6ht to
:Ar V~~rtga6ee, and ti•~thout rc(erence to tht adequaay' or ~nadeqwcy of tht valut ot ~he property hereDy mortSaEed, ~K !u the .nlvenc,
~ ~~r ~nsol~ency o( tAe tilortsa~as or any o~her party de(endant to such su~t. The Mortp~or hereb~ spetif~cally wa~ves the nght w•.e~~•i
~u ~he appomtmrn~ o( a rece~ver as a(oresaid and hercb~ e:pressly consents that sueh appomtment sha11 be made as an adm~ueJ e.~.•>
and a. mauer of absolute r~~ht lo !he Mort~asee and that thc same may be done ~v~thout not~ce ~o the ~1ort~a6or_
~ lt ) 1.` fnr.,lncure prnceedinss should be ~nsututed agamst the property covered by th~s mortga6e upon any other hen or cl~~m .he!her
aileged to be super~w or junior to the lien of th~s mortga6e, the Mortsssee may at his ophon ~mmediately upon m.tiWhon •t .u,A .uet
~ or dunng the pendency theteof declare th~s mnrtgage and the ~ndebtedness secuted Aereby due and payablr turthw~th and m.~y e~
~ opt~on proceed to foreclose this mort6~E~-
r;
~ Ig~ Th.t the ~Iwtgagor r~li keep all real and persona! property nov or heteafter encumbered by the lir~ of :h~c mortEa`e m,urcd eti r^.y
be rtquued trom t~me to time by the Mort6s6ee a`sm~t losc by f~re, wmJstorm and othu haZards, ca.ualt~e. and coohnEenuc~ f•.ucF.
penod. and tor not less than such amounts as me>• be requued by the Morl~agee and to pay promptly •when du~ al! prem~u^~~ 'o• .uch
~n.u~ance. Thc am~~unts of ~nsunnce rcquued n. ih~ ~t~~rtSaEee shall be the mm~mum amountc (ur ~hich sa~d ~nsuran.e ~hall bc .r~:.•n
~ ,nc n.hell be ~ncumbent upon the S1or~aa6or to ma~r.taYn su.h addu~unal ~nsurance a. may be necr.,ar•. t., roeet anu ~ompE; !;.ity w~th
~ ,II .o-m~urance ffyUlf[:Tf111S cont.•~n.d ~n sa~d pul~cu~ to the end that the .~:d \lorcgaea i~ nnr a co-~nsuror thereunder.l^~uran«
.h ~;i wr~tten r~cxnpany or .~~mDan~c` •Dprmed .r dc.ignated by tAe \Inttsaset and ~il pol~::r~ end renewat. rhetc~t .~ai. '+c Ecl,;
~~~~jjj n~ tn: ll.atgager. ~It detailcd dea~gnation- h~ the \1~~rtRagor ahich are accepted by tAe Mott6aRer ..r.d atl .,~reemrv~ oe~yeen ~t• •t~e~Q~•
~ dOd ~~ut1(SJ~tt relat~ng h. ~nsurance, nor ex~stmE or hereafter made, ~hall be ~n w~ntms and shalt bc a part of th~~ ~-~nrtRagt r~tr.ece~t
as fu:Iv a, ~huugh sct (orih verbat~m herein and shalt s~vern bo~h part~es Aereto and the~r succe~.,•c~ ~nd a~s~gn.. ro I~cn up
~ sa~d p~l~c~r~ ~.f ~nwrance or upoo sny re(und or re~urn prem~um wh~eh may be payable on tAe canie:l~uon or termira~~on therr:••, .half
hc 6iven t~~ u~h.r Tlldn ~hr Mortga6ee, except by pr~~ct endorsement affiaed to such pol~cy and approred by ~1onE~6ce. F.aih p.!:<< •~c
~n,urancc ~h~:f h..r slf~acd tAereto a Sundard VeM York Nortp~ee Clause w•:~hout Comnbu~~on, makms all losc .,r I~.~e~ un~.r •u~r.
=!olscy payahlr t•• tht ?1ort~aeee •s ~ts ~nterest msy •ppear. (n the event anY sum or sums of money hecome payah. '"r+eunder tt~.r•-
~.~grr .h.ll h~~~• the opUOn to rece~~r and apply the same on account of the mdebtedness hereb~ .rcured, or : r \1
to r.crnr .~nd ...e it. or any part thereo(. w~thow therrb> ra~~ms or impaums any equi~y. lien. or nRht unac! .,n.: .~~t,: .
m~.r~sase. (n e~:nr oi Im, uc pAYSical damage ~o the mnrtgaEed property the !11ort6agor shall ~~ve ~e~rr~diarc m,•,.r ~ ^ .
th: ~1vrt~aRee .~nd the Nortga6ec m.~y make pruut ~ i 1~~.. ~t the aame ~c nnt -naJe promp~iti by !Ae \t~~tt~a~tnr, In .~ire ~~i t~••r.
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