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Home My WebLink About0863 Q~.ra~,..~ ~ Ttla (',~rn nf fl~~~irl!~ , PROVIDEII, ALNAYS, that if the Mort~a~or shall pay unto the `1ort~a~ee the indebtedness evidenced by a certain p~omisaory note ~f which the lollowin~ in words ~nd ti~ures is a true copy to-v?~t: ~ ~~,~dHN~~ . ; s 1.275.00 F~rt Pierce, Floc;da _ January 13, ~q_ 73 ~ ~ FOR VALUE RECEIYED I promi6e to pay d ~ to the order o( ETHEL FRIED ; e~~ princ~pal sum o[ One Thousand Two Hun re eventy- ive an L. , togethet with intetest ~ t ercon Irom date at the nte oI ten pee~cent, pe~ an~um until maturity, both principd and intereat bein{t payable in law[ul mo~ey ut ' tli~ United 5tates at 224A Biacayne Blvd., 111iami, Florida, o~ ~t wch other place as the holdera hereof may designate in writina. ~ Pe~hcipal and interoat payable in in~Wlments a~ follo~rt: . ~ Thirty ($30.00) Dollars per month, beginning on the lSth day of March, ~ 1973, and continuing on the lSth day of each and every month thereafter until paid in full This note may be prepaid in whole or in parl a[ter one yeu from the date hereof upon payment oi a penalty equivalen ~ eo f~ve percent of the principal sum prepaid. ~ Each in:tallmeot payment shall be eccdited Crst on the inte~est due. a~d the rem:inder on principal; and intrrrt ~hall thrrr- upon cease upon the principal so crcdited. ~ ?he maicers and endorsers of this note tutther sgree to waive demand, notice of non-payment and protest, and in thr event wit y ~ ~liall be brought (or the cdlection hereof, or the eame has to de collected upon demand o[ an attorney, to pay reasonable attorney'a j~ t~r. (or makir?g such collection. • Defened paymenta hereunder shall beu interest at the rate of ten percent per annum iwm maturity until paid. 7'his note is acured by a tno~ge of even date herewith aod is to be con~trued and enforced according to the (aws of the ~tate of Florida; upon default in the payment of principd andloi interest when dut, the whole eum of principal and i~terest ~ rcmaining unpaid aha11, st the option of the holders, become immediately due and payabls. ' (SEAL) ~ - ' ~ ~ f / .(SEAL) t and shall perf~sm, comply w•~th and ab~de by each a~d every the stipulation~, agreements, cond~tions and cove- nants uf :;a~d prom~ssory note and ot this deed, ihen this deed and the ~state thereby created shall cease and be null and vo~d. ; 1. The Mortgagor hereby co~•enants and agrees: " (a) To pay all and c~n{ulat the pr~nc~0~! and ~ntcrest and other sums of money payable ~y v~etue ot sa~d prom~ssorY note and lh~s deed, or t~ther, pomptty un the daYs respecu~ely the same se~enlly 5ecomes due. ~ (D) To permu, commu or ~ufier oo rraste snd to mamu~n ~he ~mprovements a~ all umes in a s~ate of {ood repa~r and cond~uon, snd to # do or perm~t to be done to said p~emises nothm~ ~hat w~ll alter or chan~e the we and char~cter of sud property or m any ray impur or ? we~ken the aecunty of this mort~a~t. 4nd m case o( tAe refusal, ne~lect or in~b~lity o( thc Mort~~~or to repa~r and maint~~n sud proper- ' ty, ~Ae Mor~p{ee m~y, at h~s opt~on. makc auch repa~es a cause the same to be made, and advance moneys ~n that beh~lf. ~ (c) To pay all and ~~~~ular the uzes, assessments, lev~es, lub~l~tiea, and obli~auon~ ot every n~ture on said described property each ~ and every .he~ due and p~yable accord~ns to lar, be(ae they btcome del~nquent, and to deGrer to tbe Nort~a{et on or before March ~ ISth of e~ch year ~u rece~p~s evidencm~ the ps~ment of ~11 la~fully ~mposed t~:es [or the precedie~ c~lend~r Yur: to mdemmfy the ~ Mort~~~ee upon h~s dem~nd fa all taxes, asses~ments ~nd char~es that ma) •ssessed upon th~s mort~a~e on the inde~tedness s•- ~ cured Ae~eby, and pa~d by the mort~a~ee, .~thout re~ard to any I~~v heretotore en~cted or hereaf[er to be enacted impos~n~ waYraen~ of ~ the rhole w an> ~art thereof upon the Morisasee. a~ ~ Idl To p~y all and s~nsular ~he costs, char~es •nd eapensea, includ~n~ I~wyer~' fees and abetr~ct costs reasonably ~ncurred or p~~d at ~ •ny ume by the M«tp~ee because of the h~lure on the p~rt o( the plwt~a~or to per(orm, comD1Y With and abide by e~cA and every the ~ supulat~oes. +treemenes, condit~ons and covenants o( s~id promiaaory note ~nd this deed, or e~~Aer, and every such~psyrnent shall bcar ~nterut from d~te ~t the r~te ot ten I10'G) pcr centum per annwa. ~ (c) It i• turthet coven~nted ~nd a{reed by uid puues that m the event of a swt ban~ mat~tuted to faeclose this mor~~~~e, the Mort- ~ p~ee ~h~ll be ent~tled to •pply at •ny time peodin~ auch Ioretlosure auit to t~e court h~vin~ junedicuon thereot for thc ~ppomtment ~ of i rstei~e~ of alf and sin~ul~r the mwt~~~ed properly, ao6 0( ~II rents, ~ncanea, protits. ~a~ues ~nd revenues thereof, fraa vA~tsoever source denred; ~nd thereupon ~t ic hereby eap~esily corenanted and ~{reeA th~t tAe Caurt eA~ll torthr~tA ~ppo~et autfi rece~rer w~th ~ the usu~l po+rers and duues of receive~s in like c~ses; ~ed •~id appointaxnt shYll be m~de by tAe court ~a a matter of stric~ ri{ht to ~ tAe Mort{~{ee, and ~r~tAout roference to the ~deQu~cy w in~deQu~cy ot the r~lue of ~Ae property hereby mortp~ed, or to the solvency ~ or iMOlr~ney of ~Ae Mortp~as or any other p~rty detend~nt to iuch su~t. 71~e Morq~~or hereby spec~hcallY ~aires the r~~ht to o~~ect - to tAe •opo~ntaent of ~ rece~rer •s sforesa~d •nd Aereby e:pressly constnts tA~t •uch ~ppo~ntment sh~ll be made •s an adm~tted equ~ty •nd ~ nutter of ~beolutt n~At to tAe Mort~~~ee aad th~t the •~me m~y be done ~r~thout noUCe to the Mort~~~or. ~ ti~ (f) Jf forecloaure proceed~n~ should br insututed ~pinit the propetty covered by tAu awrt{~{e upon •nr other Hen or clum Whether alle~cd to be suptr~or or ~unior to the Len of this mort~~~e, the Mat{~~ee may at Ais ophon ~mmedutely upon inst~iuuon of sucA wu or dur~n~ Ne pendency thereo( decl~re this mat~~~e and the indebtedness secured hertby due •nd p~y~ble lathw~th ~nd m~y at ~ts ~y opuon ptoceed to foreclo~e tAia mat~a{c. Th~1 1he Mwtp~ot r~ll krtp all real •nd personal property now~ ot Asresfur encumbered by the hen of thu mort~a~e insurcd ~s may be reQu~red fran ame to hme Ay the Mort~~~ee ~pinst loas by fite, w~ndstorm ~nd other ha:arda, uswlues ~nd coeun{enc~es for such :;i per~ods and tor not les• tA~n swh •mounts ss say be requ~ted Sy tAe Mort{~~ee •nd to p~y promptly rAen due •11 prem~wns for such ~nsur~nce. The ~a~ount~ ot ~nsuru~ce reqwred by tAe Mort~~~ee sAall be the m~mmum ~moun~a (or rh~ch sad msur~nce shall bt ~r~uen ~nA ~t sMll be ~ncuspent upon the Mortp~or to m~mt~in such ~dd~uon~l insur~nce ~s m~y be necess~ry to meet ~nd compty fully .iih all co-~niur~nee repuirueen~s cont~ined in ~~id policin to the eod th~t the sa~d Mat~~~or ~s not ~ co-msuror thereunder.lnwr~nce - sh~ll be ~rr~tttn Dy ~ comp~ny or cosOan~es •ppror~d a dts~tn~~ed by the Mortaa~ec ~nd ~11 pol~c~es and rener~ls thereo( sh~ll be he1J '~'r by Ne M«tp~ee. All deqiled desi~n~uons by the Mott{~tor rhich ate ~ccepted by the t~lott~s~ee aed all ~retn~ents set~een Mat~~~or ~ -x ~ and Ulort{~~te rel~t~n~ to ~~~ur~nce, nor ea~stin~ a htre~fter m~de, sh~ll be in rnhn~ •nd sh~ll be • p~tt of tA~s mai~a~c ~{reement lully •s thou~h ~et (ath re~b~um here~n ~nd shdl ~orero botA p~rUes hereto ~nd Me~r successors ~nd ~ss~{ns. No 6en upon ~ny of ~A.~ •~Id pohc~ea of msur~nce or upon any retund o~return prem~wn rhich m~y be p~y~ble oe the uncell~hon a ~erm~n~uon thereof, shal{ = be ~~ren tu other ~A~n the Mort~~{ee, ezcept Dy proper endoriement ~(f~aed to sucA policy ~nd ~pptoved by Mor~{~~ee. Each pol~cy nf ~n~w~nce ~h~ll h~re ~tf~aed theteto • Sundad New Yak Mlortp~ee_ Cl~use ~uha+t Contnbut~on, m~k~n~ •It losa w losses under ~uch pol~cy p~y~ble to the 1Aortp~et u~a m~erut nuy ~pOs~r. tn the ewnt ~ny sum a wms o( nwney bscane P~yable thucunder the ~fort- ~a ~~~ee ahatl Mre the optlon to rece~vc •nd •pply tAe ~~we on ~ctornt ot the mdestedness hereby secured, or to perm~t tAe ~1ort~aEnr ~o recsive ~nd use or ~ny wrt thereot, wuhoul tAereby ~aivin~ w nnPunn~ any equity, lien, a ~~~ht under and by vutuc of t~u , ~:nK ena~~~se. In evcnt of Iw~ a phriic~l d~ma~e co the nwrt~~{ed property the AAwt~~~or sh~ll ~~ve ~mmedute nouce iRcreo( by Ra~t thc Mort~~~er and tAe Mort~a~ee msy nuke proof of losa ~f tAe same is not rnade pranptty b~ tAe Mat{a~a. c.cnt 1vre.l~•ure nl ~4 a~~zso PAGE ssz ~ ~ 1 ~ $ ~ ~.~.~La_r,. u_ - _ . . - 4