The URL can be used to link to this page

Home My WebLink About0208 PROVIDE(1, AI.WAYS. that it the ~iott~a~or shall pay uato the ~1ort~a~ee the ~ndebtedness rv~Jtnccd hy a rcrta~n prom~~ao~y note of which the follow~in~ in wo~ds and firu~es is a uue copy taw~t: ~ s 3,OS0.00 Fort ierce. F~;a, March 8. ~973 fORVALU~RECBIV~D jointly and severally, ~,~ap,~, to the o.de~ ot SAMUEL BAKER AND KATHERINE BAKER HIS WIFE the pnncipal wm o[ THREE THOUSAND FIFTY AND tto 1 0---------- DOl,LARS, to`eeF~e~ ~rith inte~e~t thereon trom date ~t thc nte of ten p'teeot, per ~neum until maturity, both peie~tipal and iwterest beinR p~yabk in IawWl money o~ the Umted ~tatcs at 2244 Bisc~rec Bbd.. Mianri. Flarid~. or at wch otl?er pl~ee r the Iwlds~s haeof mnr de~~te in a~itpK. Pnncipal ~nd ieteteit payabk in ieuWln~u r[dbws: . S7XTY-FIVE {$65.00) DOLLARS per month, beginning on the 15th day of May, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prep~id ie whole ot in put a(ta one yest froea the date Aereof upon payruent of a penal~y eqoi~alent ~o five perce~~ of the prmcip~l sum prepaid. Each in•tsllmeot paymtnt ahall be rredited Cust on the interest due, and tl~e remainder on ptintipal; aad inte~r.t xhall tbere- upon cease upun 1he pnncipsl w ct~edited. Th~ m~kers snd ~ndonen oi thit note (uethtt a~ee to v+aive dem~nd, notice of non-pa~ment ~nd protest, snd in thr event ~uit ~i~all be brouRht (or the collection heteof, or the ~ame hat to be colleeted upon demand ot an attoeney. W pap reasonabk attanry R . f~~. for making sueh tdlectioe. Def~~xd paymenes hereueder shdl beu int~rest at the rate of ten percrnt pet annum fran maturiq until p~id. ' 7'hia note is ~ecu~ed by • n?o~Re of even d~te herewith ~nd ia to be comtrued and enforoed aeoadina W the 4~rs oi the ~~tate ot Fl~da; upon detwlt in t1~e payment ot principal andlo~ inteteat when due, the Mrhole w~m of pri~cipal and iatecat rrrruiniry~ unpaid sha11, at the optioe of the holdcn, beco~nt inue ' due and,p~?aYe. - ~ / ~-L~ _ ~ ~ , rs~?t,~ , ^ ~ f ~ _ , , r , ~s~[,~ . . ~r,J ~hall perform, c~xnply with and abide by each and every the stipulations, agreements, conditions and cove- nants of said promissory nute and of this deed, then this deed and the estate theteby creat~d shaft cease and be null and void. 1. The Mortgagor hereby covenants and agrees: . (a) To psy all and ~~n~ular the ptincipal aew! inte~est and othcr swnc of mooey parible by virtue ot said ptom~ssory note and th~s deed, or e~tAer, pranptly on the days reapectively the same sevetslly becomes due. (bl To permit, caem~t ar suf(er no waste and to ma~num the ~mprovements at all tia~es in a ststt ot aood repair and cond~t~on, and to do o~ pera~t to Ee done to ssid prem~ses no~h?nj that ~~11 alter or chsn~e the use aad cAsracter ot said property or in any ray iiepa~r a a•eaken the security of U+is mortsa~e. And in case of the retusal, ne{lect or inability ot the Mort~a6or to tepair ar.d maiataia siid prope~- ty, the Mort~seee may, at his opt~oe, matc such repairs or cause the same to be msde, and advance moneys in that beh~tt. (c) To pay all and s~nsulu ~he taaes, sssessments, leviea, liabilities, snd oblisations of erety nature on ssid desctibed property cach and erery rhen dut and payable accord~nS to la~, bcfare they become deliaauent, and to deliver to the Mort~a6ee on or betore March IS~h ot eac6 year ua rece~pts ev~dencin6 the payment o( sll Iavrfully ~mposed ta:es for the preced~a6 calendsr yesr; to indemnify tAe M«t~asee upon Ais Jemand for all taxes, a.stssments sad charats tAst may be assessed upon thia inort~a~e on ~he indebtedness - cured he~eby, and paid by the mat~asee, Mithout rejard to any la~ Aeretotae en~cted or herea(te~ ~o be enacted ia~posie~ ~ayment o: the wAole or any ~art ~Aeteof upon the Mi+rt~a6ee. (d) To pay all and s~njular ~he costs, cdsr~es and expenaes, ineludm~ lawyers' fee. and abstrsct costs reasonably incuned ~+r pa~d a~ any eeme by the Ma~asaee ~ecause of the (a~lure o~ ihe part ot the Mon~a~or to ped~xm, eoaply rr~th aad abide by each and avery the cupul~uons, asreementc, cad~tions and corenants o( siid promissoty note and tlns deed,.a either, ~nd erery suth"payment shal! bea~ marest frae da~e at thc ~ate of ten (10S) per centum per annum. ' lel It is turther corenaetcd ~nd a~reed by sa~d p~rt~es tha~ in the event ot a suit bein~ insututed to taeclose th~s mort~sae, tAe Ma~- Es~ee shall be enti~led to •pply at anr tiam pendin~ such faecloswe suit to Wt court havia~ jutisdiet~on thereot (or the appo~ntmen~ o( a receiver ot all and ain{ular the mortss~ed property, and of sll reets, ~ncoaes. profits, issues and rerenues tAcreot, from ~rhatsoever .ource der~ved- aod thereupon it is hereby expressly coveaanted and a~teed th~t the Coutt ah~ll (otthwith ~ppoint such rece~vet +~~th the usual povers and dut~es of receivers in like cases; and s~id ~ppointmtnt sAall be wde by the court aa a autter of strict ri~ht ~o the Mor~aatee, and rr~thout reterence ~o the adequacy or madequacy ut the rslue of tAe property heteby mort~ased, or to the solvency or insolrency ot the Mortjasars a any otAer party de(endant to such sui~. The Irlortsa~or hereby specit~cally waives ~he nsht to ob~ect ~o the sppo~ntmen~ ot a reeeirer as atoresaid and hereby e:ptessly cansents that such appointment shalt be made as an adm~tted equ,~y and as a nwtttr of absolute ri~ht to the Matsasee ~nd thsl ~be ssme ioay be doee v~thout notice to the Mort~ator. (fl If foreclosure proceedin~s sAould be ~nstituted a~ainst the ptoperty coveted by this sortp~e upoa any other lieo or claim whetAer allesed to be supenor a junior to the lien of this morlp~e, the 1Aortp{et may at h~s optioo irtwned~ately upon ~nstitW~m of sucA su~t or dunn~ the pendency thereot declsre t6is eatt~~~e ~nd the indebtedn~ss aecu~ed hereby due and p~yable (w~hwitA and msy a~ ~t~ ophon proceed to foreelo~e tAis mo~rljaje. . 1~1 Th~t the U/or~iata rill teep all re~l ¦nd personsl ptoperty noa~ or herea(ter encueobered by the l~en of this mort`a~e ~nsured as may be requi~ed [tow time to tierc by the Mort~~~ee a~ainet loss Ay tue, w~ndstam and other hasards, c~swlaes and conUnsenc~cs (ur such per~ods and ior not less Ufaa sucb aeaun~s as may bt requ~red by the Mortpaee snd to psy promptly when due ~ll prem~ums tor such ~nsuranee. 7be anwunts ot iosurance required br t6e Mat~~~ee s6a11 be the minimum aaaunls (or vh~ch s~~d insurance ahall be +rntten , and ~t sh~ll be u~cusbent upon the AAortp~or to sainuia such addit~onal insurance as may be aecessary to aAeet and comply (ully w~th all co-~nsunece requiresents coeta~aed in said policies to ~he end that the said Mortp~ot ~s not s cw~nsuror there~der.lnsurance shs11 be ~rntten Ay a co~p~ay ot coapanus aPproved a des~~nated by tAe Mort{a~ee and all poGc~es and renev~ls tnereot shall be held by iAe Matq~ee. All debiled desi~nations by tAe Mlort~a~or rh~ch ue accepted by t6e ilortp~ee and all asreements bet~een Mort~a~or snd Mortsa~ce rel~t~n~ to inswance, now ea~stin~ a hereiftt~ made. ~A~11 be in ~rriun~ and ehall be a patt o( 1A~s ~aortp~e a~rteaieet i as (ully •s thou~l? sct fortA verb~iim hereln and shall ~orern botb parties hereto and tbeir successors ~ed ~ssi~ns. No tien upoo any of said policies ot inswance or ~pon aay refund ar rctum prtm~um ~rhich ea7 be parablc on the c~acell~tion or ~ersiaauon thcteof. shall ' be s~ren to aber thsn the Mott~~~ee, eacept Sy proper endorseaent atfiaed to such poLcy aed approved by Matp~ee. Eaeh po6cy of msurance shall have stGxed thercto a Standud Ne~ Yak Mort~~~ee Ctause ~~thwt Contnbution, makin~ atF toss w losses ~nder ~ucA poltCy paysble to lAe ~fo~l{a~ee as.tts interest a~sy appear. !n tAe erent ~ey sum o~ sw~s ot money becane Paysblc thereunder the ~bct- Es~ee sAsll Mve the ophon to rece~ve sad apply We sase on ~ccount o( We mdtbtedness Aqeby +s~e"cwed, o~ to petm~l the ~1nrtEsRnr to rcu~ve and use u, a any p~n thereo(. ~ithout theroby va~vm~ or irop~u~n~ any eQu~er~ I~en. p f1~Ill Y7ldlf ~Ad by VIfWC OI IAi~ rtart~ste. In event of loae o? pAysicsl dsmase ~o the mo~t~a~ed property the Mort~ar rb~il ti~e ~amed~~te nouce Ihercut by er~~t t.. the ~11~1{s~er ~nJ the Mon~aRee may makt ~xouf ot ln~. it ~he .ame no~ maJe ptunptly by ~ht ~lati~~ar. In event ~~t (ore~l~.~ure of • ~ 7 J~ R r:rlr~il~~y f'tlit ~v~V _{y~~-~s~:~~ ~ ~ ? „xr„-t-.r. - _-3