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Home My WebLink About2539 ' ' ? . ~ i t . . . . ~ PROVIDE.(?, ALW/1YS. that if the ~1ort~a`or shall pay unto the \1ort~a~ee the indebtedness evidenced b~y a certain Dtomissotv note c+f which the followin~ in words and fi~u~CS ~s a true copy tu-w~t . ~aHN~i 1~l~te s 3.575.00 Fort Pierce, F1or;da December 28. ~9.72 FOR ~ji~1+~~.C , ~o~t ~ ~~eY£r ~,Xii:~S-vr , pS°p'1'E~y & • t~ the orde. of ~~,~j t~~e principal wm ot Three ThouSand Fi ve Hund~d Seve t- f? ve 8~L~.~i , ther with inteerst tkereon iwm date at the rate o[ tes peroent. per annum unW maturity. botl~ principd and intcrat bein6 payabk in tawtul money oi the United States at 2244 Bi~eayne Blyd.. Miami, Florida. or ~t wch o~he~ plaoe as tlie hdden hereof may dai6nate ie weitin6. Principal and inte~eat payabk in in~talla~ents r ioUo~rs: Sixty ($60.00) Dollars per month, for sixty (60) eonsecutive months, on the 15th day of each and every month, beginning on the 15th day of February, 1973, and continuing until the 15th day of February,1978, at which time the balance shall become due and payable. - This note may be prepaid ie whole a ia patt aRec one yeat fran the date hereof upon p~ymeet of a penalty equivalent ~o five percent of the princip~l sum ptepaid. Each in~tallment paynient ~hall be eredited Crst on the intee+est due. and the eemaieder on principal; and intere.t ~hall ibrrc- upon cease upon the principa~ w uedited. The makcrs and endonen oE this note rther a~e to waive demand, notice of non-payment and protest, and in the event wit ~hall be deouaht tor the collcction heaol, the same has to be colleeted upon demand oi aa attorney. to pay reasonabk attornry i~ fer~ for makin6 wch edleetioe. ~ Deferred payments hereunder ~hap interest at the rate of ten pe~eent per annum from maturity until ~aid. 7'hi' note M aated by a nwrt~e ot evee d~te herewith and 'a to be eotitrued and enfot~ocd aecocdma to the la..s ot the ~tate of Florida; upon detault in the ment ot p~ncipal aadlo~ interat when d~e, the ~rhde w~m of pn~cipil and i:~t..rn~t rrmaiein6 unpaid ~hdl. at the option o holdets, betome unmtdiatdy due aed pqrabk. ~ ~ (SEAL) ~ ~ : _ . . w~~~~• (SEAL) anJ shall per(orm, comply w~ith and ~de by each and e~•try the stipulat~ons, agreements, cond~tions and cove- nants of sa~d promissory note and of this deed, then th~s decd and the estate thercby created shall cease and be null and void. ~ 1. The Mottgagor hereby co~•enants and agrees: ! (a) To pay sll and s~n~ulu the pr~nc~pai and ~otercst and other sums of money payable by v~ctuc o( sa~d ptomusory notc and th~s ~ deed, o[ u~her, p~omp~ly on the days respecu~ely ihe same se~•erolly becomes due. € (b) To permrt, commrt ur suffer no wa~u and to mainta~n thc ~maovemeMS at ait umes ~n a state oi ~ood repa~r and cundiuon, •nd to t ; do or permu to be donc to sa~d prem~ses r.uth~e~ that will alter or chan{e the use and chu~ctet of sa~d property or ~n any vay ~mp~u or ~ we~ken lht secunty of th~s mortp~e. ~nd in casc of the refusal, ne~lect or ~nab~l~ty o( the Mottp~or to repa~r and m~intno sud proper- ~ ty, the Matp~ee mry, at h~s opuon, make ~uch repa~~s or cause Me same to be mrde, and advance moneys m that behal(. ~ (cl To pay all and ~m{ular the u?es. assessmems. lev~es. I~ab~lsues, and obli~~uons ot e~ery nature on sa~d described property each ~ and every rhen d~e and payable accordms to lar, hefcxe they become del~nquent, and to del~v~r to the Mort~~~ee on or be(ore Match lSth of e~ch yeu ~ax rece~pts e~~aencm~ ihe pa~men~ o[ •ll lavfuily ~mDosed t~xes for the precedm~ ulendu ye~r, to ~ndcmnify the ~ Nat~~~te upon h~s dem~nd tw all taaes, ass~s~ments and ch~r~es tAa~ may ~ssesscd upQn th~s mortia~e on tht ~ndeDtedneas a•- cured hereby, and p~~d Dy thc mort~a~ee, a~thout redard to any 1~» heretofore en~cted or herea(terto be enacted ~mpos~n~ n~yment of ~ the rAole w any ~art thertof up~ the Alort~asee. r (dl To p~y all and ~in~ular the costs, char~cs •nd expense~, ~ncludm~ IaWyers' fees and ab~tr~ct costs reasonably ~nturred nr p~~d at ~ any ume by the Mw~~a~ee be.ause u( the h+lure on the part of the S1ort~a~or to per(orm, comply ruh and ab~de by e~cA and every the ~ supulat~ons, a~reemtnts, condihonc and covenants ot sa~d promuaorY note ~r.d th~s deed, or e~ther, and e~ery such~payment shall be~r ~ntere~t (rom d~te st the rate of ten 1104r1 per centum per annum. b (e) It ii lur~her coven~nted ~nd a~reed Dy uid parues th~t ~n the event of a su~t be~n` inst~tuted to (oreclose th~s mort~~~e, the !?1a~- ~ ~ p{te ~A~11 be ent~tled to apply at any ~ime pend~n~ such foreclosure su~t to the couet h~v~n~ jurud~cuon thereof tor tht •ppo~mmeni of ~ rece~rer of all and sin~ul~r tht mort~a~ed ptoperty, ~nd of ~11 renta, ~ncamts, profits, ~ssues •nd revenues thereot, froee rhatsoevcr ~ ~ovrce denved: and thereupon ~t ~e hereby eipressly coren~nted •nd •{ree~ that the Court shal! totthrrith ~ppoint sucA recei~er v~th the wwl porers and dut~ey of recerver~ ~n like e~~es; and s~~d sppomtment shall be m~de by the court as a mstter ot ~tricl n~At to tAc Mat~~{ee, and wuAout reference to the ~dequ~cy or ~nadeQwcy of the v~tue of the property hereby mortp~ed, or to lhe eolrency ~ or ~nsolvency of the Mwt~~~ors or any other p~rty detenA~nt to such suit. The Mort~a~w hereby sptc~hc~lly w~ires the n~ht to ob~ect ~o tAt •ppolntment of ~ recerver •s atoresa~d •nd hereby e:preuly con~enq th~t auch •ppo~ntment sh~ll be m~de an admiued epwty ~ •nd u~ m~uer of ~bsolute n~ht to the A1cxt~~~ec and th~t the i~me may be do~e a~~thout nohce to ~he Mort~~sor. (f) Jf foreclosurt proceedm~s should be ~nsUtWed apinst the property corered by thu mort~~~e apon any other I~en w cla~m ,rhether - •Ile~ed to be super~or or ~unior to the I~en of thia mort~~~e, the Mort~~~ee maY at h~s opt~on ~mmedutely upan ~nYtitut~on o( sucA su~~ a dur~n~ th~ pendency thereot declsre this mort~~~e ~nd tht ~ndebtedne» secured hereby duc •nd p~yable tatA~~th and m~y at its oDtion proceed to foreclo~t tA~s matp~t. (~l Th~t thc Mottp~ot ~v~ll teep all real and personal property nor or hete~fter encumbered by the hen o( this mwt~a~e ~nsured as may be requ~rtd fran ume to ~~me sy tAe Mort~~~ee •~~~nst loes by hre, ~•indstorm ~nd o~her hazards, uswlue~ ~nd cexuin~enc~es for such - per~od• ~nd tor not less ~I+~n surh •moum~ m~y ~e requued by the Mort~~~ec •nd to pay pronptly +~htn due all prem~ums (a such msur~nce. The amount~ ot in~ur~nce required by ~Ae Mort~~~ee ah~ll be tAe m~nimum amounls for vA~ch st~d ~nsurance shall be Wnt~en - ' •nd ~1 sh~ll be ~ncumbent upon tht Mort~asor to m~int~m auch ~ddihon~l ~nsur~nce as m~y be necess~ry to meet ~nd comply tully ~ith ' •11 co-~n~unnce requirunents conu~ned in sud pol~c~ee to the end that tht sa~d Mor~~~{or ~s not s cwmsurw thereunder.lnsunece shall pe Wr~eten by ~ canp~ny or caopan~ea ~pprored w des~{n~~ed py tAe Moreas~ee •nd ~11 pol~c~es and rene~~ls thereo( sh~ll be he1J - sy the Ma[aa{ee. All deuilcd des~~n~~~ons by tAe Mort{~~or ~rhieh ~re ~ccepted by the Morl~~tee and all ~reemcnts bet.een Mort~~~or snd Mat~~~ee rel~t~n{ ~o maw~nct, nor ea~stin~ or Aerc~fter m~de, eh~ll be ~n wnt~n{ •nd sh~ll De ~ pu~ of ~hu mor~~a~e ~~recment •s (ully thou~h •et forth •erbat~en here~n ~nd sh~ll ~overn botA p~rties hereco ~nd their successors ~nd ~ss~~ns. No t~en upon ~ny o( '~`i a~fd pol~c~es of msur~nce w upon •nY re(und o?return premwn+ ~hicA m~y De p~y~ble on tAe c~ncell~uon a term~n~t~on tAereof, sh~ll De ~~ven ~u ather th~n the Mort~~{ee, eacep~ ~y proper endoriement ~((~aed to aucA pol~cy .nd •ppoved Dy Mor~t~tee. Each pol~cy o( i'"-~, msur~nce sh~ll h~ve df~xed tAereto • St~ndud Ne. Yak Mort~~see Cl~use +~~thout Conu~buuon, makin~ all losa a losses unJer ~uch policy p~y~Dle to the Mor~p~ee as ~ts mterest m~y ~ppeu. In tAe event ~ny sum or sums of money Decome p~yable thereunder the ~lort- ~~~ee shal! h~ve the option to rece~ve and ~pply the Nmt on aceount ot the ~ndebtedness hereby sec~red, or to permn tAe ~lo~~~a~or to rtce~ve •ad use ~t. ot •ny p~rt Mt~eo(, r~thout tAtrtby ~uvm~ a ~mp~~nn~ sny eQu~tY. I~en, o~ n~A! under and by vuiue of thn ~ ~ mort~~{e. In evc~t of lo~i a pAysic~l dama~e to ~he mort~~{eE property the Mat~a~or sA~ll ~~ve ~mmed~ate not~cc thereof by rra~1 e~~ - the Ma~j~{ee ~nd the Mort~~~te msy mske poof o[ :oss ~f iAc s~me ~s not made promptly by ihe Mort~a`a. (n e~eoi of furc.l.~~ure ~f °~.R.?1~ sf ~ . ~ _ _ ~ _ _~w,;~~