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Home My WebLink About2451 ~I10l~ 14 '~1~'1 8!11 ~ ~ l~cJlctb PROVIpEn, ALWAYS, that i[ the A1ott~a~or shall pay unto the ~1ott~a~ee the indebtedness ev~denced by a cett~in prom~ssory note of which the followin~ in words and fi~ures is a true copy to-w~t • I~~d~~ga9~ ~ . s 2,575.00 Fort Pierce,_F~a;da . December 2, 1972~. ~ FOR VALUE RECEIVED We , i o intly and severally i promi~e eo pay ~ to the order ot SEYI`IOUR FRIEND che p~ncipai sum ot Two Thousand Five Hundred Seventv- f ive and , togethcr with intcresl hcreo~ from date at the nte oi tee peeeent, pe~ annum until matunty. both pnnc~pal and ~~tereat bein~ payable in law[ul money o( e United State~ at 2244 Biacayne Blvd., Miami, Florida, o~ at wch other plact a+ the holdtrs hereof may designate in writin6. tincipal aod interest paya~le in inaWln?enb a~ follor+s: ~ Forty($40.00) Dollars per month, for thirty-five•(35) consecutive months, on the lSth day of each and every month, beginning on the lSth day of February, 1973, and continuing until the 15th day of January, 1976, at which time the balance shall become due and payable. ~ This note may be prepsid in whole oc in put a[ter one yeu from the date hereof upon payment of a penaity equiva ent to frve perce~t of the pr~acipal sum prep~id. Each in~tailment pay~rient ~hall be credited Crst on the interest due, and the remainde~ on principd; and intrrc~t ~hail the~r- upon cease upon the pnnc~pai so credited• ; The makees and ~ndoners o( this note furthe~ a~ree to waive demand. notice oi non-payment aed protest, and in thr. event wi ;{ull be brought for the collcction hereof, or the nme has to be collected upon demand ot an attomey. to pay r~asonable attorney' fer~ tor making such collection. _ _ _ Deferred paymenu heteundu shdl beu interest at the rate of ten percent p~r a+nw+n Erom n?aturity unt~l paid. 7~ia note a~ecured by a nw~ae of even date herewith and is to be cons~u~d hde aum of pnnc pal and inteecat ~tate of Florida; upon default in the paymcnt of principd andlot intatiat when due. , j rrmaining unpaid sh~il, at the option of the holdera, become immediately due and payaWe.~ S (SEAL) ~ ~ - ~ ~ ~ ~s~?~~ ~ ~ . ar~J shall perf~rm, comply N•~th and ab~de by each and every the stipulation~, agreements, conditions and cove- nants uf sa~d promissory note and of this deed. then this deed and the estate thereby created shall cease and be null and void_ l. The Mortgagor hereby cuvenants and agrees: (al To pay all and s~ngul~t the pnnc~pal and m[erest and other sums of money payable by v~rtuc of sa~d prom~ssory note and this deed, or e~ther, pompily on the days respect~velY ~he same st~erally becomes due. (b) To perm~t, caamu or sufter no waste and to ma~nta~R thr ~mpro~ements at all hmes in a state o( ~ood repa~r and cond~uon, and to f do or perm~t to bc done to sa~d premises notAm~ that w~ll aiter or chan~e tMe we and cA~racter of s~id property o: m any way ~mp~~r or ~ ~re~ken the secunty of th~s mort~a~e. 9nd m case of the refusal, ne~lect or in~bility of Ufe Mortp~or to rcpair and m~int~~n a~~d proper- ~ ty, the Martp~ee m~y, at his opt~on, make aucA repairs or cause the samc to be made, and adrance moneYs ~n that beh~lt. ~ To pay all aod ~~n~u)ar the u:es, assessmen[~, iev~es, I~ab~l~ties, and obli~~tions of every nature on said descnbed property e~ch ~ and every ~hen due snd payable accordm< <o la~, beFore they become del~nquent, and to deliver to the Mort~~~ee on or before March ~ 15tA ot e~eh year ux receip~s ev~dencin~ the piyment of •11 lawfally ~mposed t~aes for the preced~a~ t~lendar year; to ~ndeeenify the Mart~~jee upon h~s dem~nd (or all taies, assescments snd char~es that rs~i asaesscd upon this mort~ase on the indebtedneas s•- cured Ae~eby, and paid by the mort~a~ee. M~thou~ re~ard to any I~w heretofore en~cted or hercafter to~be enacted imposin~ !?~yment ot the whole or sny ~art thtreof upon the Mat~asee. ld/ To pay all and a~niular the costs, chu~es snd expenses. ~nclud~n~ I~ryera' tees and ab~tr~ct costs reasonably incurred or p~id at •ny ume by tAe Mor~~a~ee because ot tAe t~~lure on the patt of the Mortta{or to pecform, comD1Y +~th and ab~de by e~ch and every the aupulations, a{reements, cond~t~ons and covenants ot said promiasorY notc and th~s deed, or e~ther, •nd evety such'payment shsli bear ~ntere~t frae d~tc ~t the r~te of ten UOL) per cenwm per annum. (e) It i~ further corea~nted ~nd a{reed by •sid p~rties that in tht event o! a swt be~n~ inxt~tuted to faeclose this ~nort~~~e, the Mort- {~~ee shall be entitled to ~p01Y •t any tiae pendin~ euch taecloswe suit to ehe court h~vins juri~dict~on thereot tor tAe appo~ntment of a receirer ot ~II and sin~ular the mor1~~{ed property, •nd of ~11 renu, iacanes, prof~ts. ~asues and re~enues tAereot, traa .hataocvcr source derived; ~nd thereupon ~t ic hereby eipressly eoven~nted ~ad a{reed th~t the Court ~A~II torthrr~th ~ppoint such rece~ver w~~th the usu~l povrers and du~~es o( receirers in like c~ses: •nd •~id appointment sAstl be m~de by tAe eourt ~s a mattet ot atrict ri~ht to the Mat~a~ee, and ~r~thout reference to the sdequ~cy or in~dequ~cy ot the v~lue of the property hereby mwt~a{ed. or to tAe aolvency ~ or ~nsolrency of ihe Mwt~~~ors or •ny other pu~y de(endant to such su~t. The Mort~a~or hereby spec~t~eally r~ives tAe r~~ht to ob~ect ~ ' to tAe •pPo~atment of ~ reeeiver •s sloreaaid ~nd hereby eapte~sly crosents th~t such •ppo~ntment sh~ll bt made •a an adm~tced equ~ty ~nd a nutter o( absolute n~ht to the ~1ort~a~ce and th~t the •~me m~y be do:~e ~itAout notice to the Mort~~{or. ~ (f) Jf taeclosure prxeedinp should bc ~nst~cuted ~pinst the propertr toreted by td~s mort{~se upon anr other lien or claim rhether ~ ~Ile~ed to be super~ot a junior to the Len of thia n+ort~~~e. the Mort{~{ee may at Ais opt~on iaunedutely upon mauwuon ot such su~t or dunnj Ne pendency tAereof decl~~e tA~s mort~~~e and the ieidebtedness secured hereby due ~nd p~yable torthr~th and m~y ~t its opt~on procesd to toreclo~e thu owrtp~e. ~ Th~t the Mwt~a{ot r~ll tetp all real •nd pcrsonal property nov a~ herca[ter encumbered by tAe lun of this mortq~e msured ~s may be required fran time to luse by the Mor~{uee ~~amst loas Ey (ue, rmdstorm ~nd other hszards, c~swlues ~nd conuetenc~es tor such ~ oer~od~ and ta not le~• N~n such ~ewunt~ •a m~y be repuved Er the Abrt~~~ee and to pay pranptly when duc •11 prem~ums tor such ~ msur~net. The ~a~ounts of m~wu?ce requutd by ihe Mort~~~ee sh~ll be the min~mum senounts tor rh~cA sud msunnce shall be wntten ae~d sAall be ~ncusbent upon the Mort~~~or to m~~nt~in such ~dd~uoa~l insur~nce •s rti~y be necess~ry to meet ~nd comply fully W~th ~ all co-~naur~eu requrtements cont~med in ~~id policie~ to tbe ead th~t the ssid Mott~~~or is not a cwinsuror therennder.lniur~nce ~ ~h~U be ~rntten by ~ cospaer a caep~a~cs ~pprored a des~~nsted by the Mata~tee ~nd ~Il pol~c~es and rener~ls iAercof sh~ll bc he1J ~ sy the Mat~a~ce. All det~iled des~~n~t~ons by the A{ort~~~or rhich ~re ~ccepted by the Irlort~~~ce aed all a~rtemcnts bet.reen Mortp~or snd Morti~tee re1~Un~ to m~ur~nce, nor e:~stin{ or here~tttr s~~de, ah~ll bc in ~rt~tin~ •nd sh~ll Ae ~ p~tt of th~~ ma~~a~e ~~rtemcnt tully tAorah •et forth rerb~t?~u bere~n ~nd sA~ll ~orern both p~rties hereto ~nd their successors ~nd ~ssi{ns. No I~en ~pon ~ny of i~ld policies of ~nsur~nce ot upon ~ny re(und o?return p~em~we ~hich ie~r be p~y~ble on the c~ncellatlon or urm~n~t~on thereof, sh~ll se ~~ren ~u aeAer rhan the Mort{~{ee, e:cept Sy proper endasement aff~ied to such policy •nd ~Ppro~ed by Mae~~~ee. EacA pol~cy of lnsur~nce ~b~ll h~ve •(f~xcd thcreto ~ Sund~rd Ne~ York Mwt~a~ee Cl~we ~~t6out Contribut~on, m~kin~ all losa or losses undcr such policy pay~ble lo the Mortpate a• ~ts ~nteren may ~pa~r. In tht erant aay sum or aums o( money become pay~ble thereunder the \lort- ~~{ee iAat! Asve ~he optian to ~ece~re snd aPply tAe •~we oe ~ceount of the ~n~ebtedness hereby secured, or to perm~t iAe ~Ior~~sEor ~o rscei~t a~d wt ~t, or any art thertof, r~thout thereby ~~ivin~ ar iwP~~nn~ any eQu~ty, lien, or n~ht under and by virtue of th~~ s mort~ye. In erent of lo~i a phyaic~! 0~~~{e to the a~ort{s~ed property the AAort~~~w sh~ll ~ive uamedi~~e not~ce ~hereof by ma~l i~~ the Mat{~~ee fand ~he 1~1ort{~~ee n~r wke proot of loaa i( ~he s~me ~s not made promptly b~ the Mort~a~oi In e.eni nf (urc~l~wre nt ~ ' U R ~~CC~~•J~ a0C! ~ _ - ~ ~ ~ } a~,~ ~ r~.. F~.~ ~ _ _ ~ _ ~