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PROVIDEn, ALWAYS. that i[ the Mort~aso~ shsll pay unto the Nort~a~ee the indebtedness evidenced by s
cett~in ~tomissorv no~e of which ~he fallowi~a in wo[ds aed fitutat is a ttue coov to-w~t~
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t 8,6~"5.00 Fort Pierce,, F1o~;d. March 3, _ ~q.73
( FOR YAL!!E REC£lVEp WE 1 d_~y.~_rallX., proa~?irc a paY ~
io i~,~ o j_ ARTHUR A. B HA EB Y H S W ~
~ tk~ pnnc~p~l :u~n ot E~GHT THOUSAND SIX HUNDRED TW TY-FIVE AND , b~etker with incee~est
~M~ereon Iron+ date ~t the nte o~ ten percent, per ~nnutn until maturity, both piincipal a~d intemt beinR payabte ie IaMtul ma~er o~
th~ Un~tcd ~tatcs at 2244 Biu~yne Blvd., Miansi, florida, or at weh othcr plaee u the l~ddus heteot may desi~ate in ~+ritin~.
Priecipal u~d inteecat p~y~ble ie inatalimenu r idbrn: •
ONE HUNDRED SEVENTY-FIVE ($175.00) DOLLARS per month, beginning on the
ISth day of Ma_y, 1973, and continuing on the lSth day of each and every
month th~reafter until paid in full.
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Th~s note msy De prepaid ~n Mhole or ie put atter one year from the date hereof upon payment ot a penaity equivatent
to (~vc percent of the pr~ecip~l sum p~epaid. .
Each in,tallmcot p~yment shall be ~~ed~ted fint on the intetest due, t~d the nmaindet on principal; aad interr~t :~hdl thrte-
upon c~ase upun the pnncipal so credited. • '
Th~ mikers and ~ndoners o~ this note tutthe~ a~ee to Mraire demmd, notiee o[ non•payment ~nd pwtat. a~d in ihr erent wit ~
.I~all br brouRht tor thc collcctio~ hcaot, or the aamc has to be coltcctcd upon demand ot an attomey. to par teaconsble attorne~r's
f~r. (or makin{~ wch cdlectioo.
~ Urferrrd paymtnls b•~•under dull bear ioterest at the rate oi ten percent per annum iwm m~turiq u~til paid. ,
7~hi. nat~ ia ~ecueed by a nwrtp~e oi even date hcrev+ith and i~ to be co~atrued and enforced aecordin~ to tlit tsws ot the
~tate of Fl~xi~fa; upon dcfault in ihe payment of principd and/o~ interat ~rbce due, the ~+hde ~um oE pnncipal and int~eeed
1~ rrmainin~ unpud chdl; ~t the optiott o/ the holdca, becoAne inunediatcly due and pay~bk.
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aru! shalt perfnrm, comply with and abide by each and every the stipulations, agrcements, conditions and cove-
nants uf said promissury note and of this deed, then this deed and the estate ther~by created shall cease and be
null and void.
1. The Mort~agor hereby cuvenants and agrees:
(a) To par all and sm~ulu tAe pr~nap~l and mterest and othtr awns of money payable by ~~rtuc of sa~d pran~ysay note aad th~s
deed, or eitAtr, y~omptlY on the daYs ~espect~rely the same sererally becomes due.
(b) To permit, coine~t or auffet no vraste and to ma~nu~n the ~mprovemtnts at all umee in a sute of ~ood reps~r and cond~t~on, and to
do or pennit to be done to s~id praeiaes noth~n~ t6~t rr?Il slter or chan~e ~+e we ~ad c6~r~cter of s~id property or in ~ny say in~pii~ a
~e~ken Wt secnnty of lh~s mortjsae. And in casc ot the retusal, Ae~lect or iaability ot U~e Mat~a~or ~o ~epair and saint~in a~id proper-
ty, ~Ae I~Iwtpsee m~y, at his opi~on, make aucb repairz or cause the same to be m~de, ard sdvaete montys ia Nat bth~lf.
(c) To pay alI and ainsulu ~he t~aes, •ssessmeota, Icv~es, liab~iuics, aad obliNtion~ of every nature on said desctibed property each
and everr .Acn dae and payable aecord~as co ta~. Ae(ae they becerse del~aQuent, aed to dtliret to the Motta~aee on or se(ae Mareh
1StA ot e~ch year Iaa receipts er~~ncin~ the payment of ¦11 larfullr ~mposed tues for the precedin~ wlendu year, to mdemnify the
Mart~~~ce upon h~s deaisnd [a all taaes, asses~mcnts and cAar~es t6~t may assessed upon this mort~s~e on the indebttdneas s~-
careQ lttsebp, an3 ~+asd by the m«tq~ec, a•~thout re~ard to any la~ beretofae enacted or heredter to be enacted impoa~o~ ~yment of
Ue r~ole or any ~art thereot upon the Mor~~asee.
'i (dl To p~y all and a~nsular the costs, cfiar~es snd expenses. includ~n~ I~~yen' fees and ~bstr~et costs ressonably mcurced ~x p~id a[
any pme by the Mat~~~ee because of the f~~l~re on the p~rt of Ne Murt~a~or to perform, comply ~~~A and ab~de by each and every tAe
s!er1lst~rms. asrse~n~s, cond~uons and corenants ot sa~d ptaeisaory note ~nd th~s deed. o~ euhet, and e~ery such~p~yment shall bear
'~i ~ntertst from O~tt ~t the tate of tcn iZC~? r'~t =tt!s~ pcr annum.
; (e) It i~ fur~her coreo~eted aad a{reed br •aid p~rt~es th~t in tAe evcnt of a suit be~n~ inat~tu~ed to taeclose this mortp~c. the Ma~t-
~~~se sAatl be en[itted to apply ~t any time peedins such (orecloeure suif to tbe court bavinj jurisdiction tAereot tor the ~ppointwcnc
' of ~ rscei~et ot ~11 ind ainsular ehe aort~~~cd proocrty, and ot ~11 rents. iaeomes, profits. iiaues and reveeuea thereof, fros rh~tsoerer
~ swrce denred; end thereupon ic ie htreAr expres~ly co~eaanted and apeed tb~t the Court sA~lt fath~it!? ~~oint sacA receirer .l~h
~ tAe usual porers and ~ut~ea of receivers in li~t c~ses; ~nd •~id appointment shall be iaads by the coutt as ~ mstter of strict ri~ht ~o
~ U?e Mort~~~ee, and .r~thou~ reference to the adeau~cr.or io~deau~cr of the ~alue ot the ptopertr Aerebr isort~~~ed. or to iAe ~otvency
i or ~niolrencr of ~he Mort~~~ors or any other p~rty de(endani to such suit. The Mortp~or hercbr specdieallr ~airq Iht niht ta ob~eci
to tbt I~OIAletpR Of a receirer •s atorossid ~ad hereby ea~e~sly consenta tb~t such ~ppo~ntment sh~l) be 4.ae ¦n .a.~~~~a ~q~~~r
and as a s~tter ot ~Asolute ri~ht to ~he Afatsa~ec and th~t ~Ae s~~e iur be da~e .iWout notict to thc Mortt~~or.
(f) jf faeclosure p~xeedin~s shoutd Ae inst~t~ted ~~~inst tAe ptoOtrtr eovered br Uns satu~e upon apr other lien or cl~~m rhether
•tle~ed io Ac superior or jueiw to tAe Gen of tdis morep~e. the Mortsa~ee eoar ai his oPlioe imwed~~telr upon ~natitut~an ot sucA su~t
or dwm~ ~hc pendcacn c~reo( Qeclsre ~A~s mort~~~e and ~he indebtedness secured Aereby due •nd p.r•bte ta~h~r~th and anr at ~is
optioa proceed to toreclo~e d~is mort~~~e. .
ta) 'i'h.~ M«~p~or ~,U teep a1~ reai ~nd persoe~al p~opertr nor a hctufter encumbered by the I~tn of this eort~~~e ~nsuttd ~s may
bt reqrired trow tiwe to t~ae by U?e Mory~see •fainat loss er firt. r~edstaa~ and oWer hazards. taswltiea and conti~~encies for such
oenod• ~nd (o~ not les~ th~n sucA •dount• ~s iur be rsqutted br tAe Mortp~ce .~o ?o o.r ~a.,aiy ~Aee due •11 prem~was tor such
~niur~nce. Tl~e eso¢nu ot ~n~utwce reouutd by the i~Eort{~~ee aAall be tht m~p~sum ~mounts for wAtch s~td inseuance sAsl! be .ru~en
~nd it shill bt intuebent apon tbe 11brt{s~a to ma~n~~~n suth ~dd~han~l insut~nce as mar be necess~ry to meet ~ed compiy t~lly ~ruh -
atl co-~naurance requsrements cont~ined in st~d policies to tAe eed th~t tht said Mortq~or ~s oo~ ~ co.~ai~ror therewder.lns~~~nce
i sh~ll bt ~ntten br ~ coaaay or cosOaa~es ~Pproved or desi~n~ted br tht Mort~a~ee and all pol~cus and rene~~ts tNereof sh~ll be Aeld
; by the 6Aoetsa~ee. A!1 dtssiieA des~~oat~on~ br tAe Mott~a~w rrhich ue ~ccepted br d~e 1Aottp~ee ~nd sll ~teaoents bct~etn Mla~s~~or
and Mor1s~{te rN~~sn~ to m~ur~pce, nor e:istin~ or hert~(ter oade, sh~ll be in rntiq~ ~nd sA~II bc • p~rt of thu a~or~p~e ~~rtewcet
~s fully ~s chov~h ~st forth rerb~ttA Aers~n and ahall jorrrn botA ~rties hereto ~nd the~r suceessas and ~ssians. No I~cn upon ~ny ot
s~lA oolicies d ~nsw~nte or uPan ~ny refund o~return ~emiuw ohicA maY be P~r~blt oe the c~stellst~on ot tetm~n~t~on theteo/, sh~ll
be ~~ven tu atAcr ~A~n tAe 1Aort~~~ee. escept br propc. endorse*cat ¦lfiaed to srcA policy ~nd ~ppto~ed br 1ltort~~~ee. EacA pol~cy ~f
~nawaece abal! hart itGaed thereto ~ St~nd~rd Nt~ Y«k tror~i.~ee Cl~we ~~Wout Conuibut~on, makin~ all loss or losses Ylldtf 1YCIt
policy p~r~ble to the Mortp~ee •s ics ~nierest may ~~su. In tht ev~at ~ny iue or swas of nwney btcaae Paya0le shercunder ~he ~lort-
~~see ~6aI1 h~v~ sAc op~~p~ co reeeire sad ~Ppty tbt ~~~e on ~~cant of the ~ndebttdoess hereEy sec~red, or to pene~t tAe ~fortiaEor
~o rsceivs and Yse a~ny art Wc~eof. ~~Uiw~ tAtresr w~iria~ or ~.,o.~r~ns •snr~eqs~~r. lite, a n~hi w~der aed ~y •~reue of chro
uart~ye. [n ereat o( Iwi or oArsi..t d•.a~e to the ~t~ssed prooerry the Rlat~i~o~ fhaU {i~t uomtd~~te nouce thc~co( br ~r.a~l a~
tAe ~fort~~~e4 and ~Ae Ifwy~~ee nwr iuke oroof ot loss if tAe saene ~s eot made pomptlyp~ tAr Mataaaa, In cveni nf fac.l~~urc ~t
800K~~~ FAGE~725
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