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Home My WebLink About0367 PROVIDEII, ALWAYS, that if the Mott~a~a shsll pay unto the Mortj~~ee the indebtedness evidenced by a certain ptomissay note of which the followin~ in wotdt aad fi~ur~ss is s uue copy to-wit: . . . , ii~s , . s_1,,625.00 ~ort ierce, March 3 w.Z~ ~r FOR VAl.UE RECEIVED I P O11"'~ aM!' to che o?dr~ ot ROBERTA R. KARCH the pnncipal wm ot ~rJF THOUSAND S IX HUNDRED TWENTY-FIVE AND , to6ether with interw thenon iwm date at the ate of ten pereent, per ~nnnm until ~aawrit~r, both p~incip~l and interat bei~ p~~We in law[nl ~wo~er o~ ' ~he U~~e~d se,~ti .t 22a4 B~,y~e Btid.. Miarni. Flotid~. or at weh other plaee as the kdden hereaf ~up dai~ate in rrritaK. Principal and inteerat par~ble in installa~eeh a~ idlow~: ' FORTY ($40.00) DOLLARS PER MUNTH, beginning on the 15th day of May, 1973, and continuing on the 15th day of each and every month there- , after until paid in full TA~s eote may be ptepaid in wAole ot in part dtet one ye~t ftan 1Ae date hereo~ upon paya~eet of a penalty eqnivalent ~o f~ve percen~ of the pr~ncipal sum pcepaid: Each in-tallment parmcnt shall be credited first on tbe interat due, and the remaindet on p~neiQal: and intee~t xhall tbeie- upon cease upun the pnncipsl w ctedited. Thr m~ke~s snd ~ndoncra of this note fnrthet aaeee to auve den~and, natice oi oon-pa~r tnent and peotett, and in thr erent wit ~i~all be brouRht tor the cdkctiw~ heeeof. er the ame has to be eolleeted upon demand oi a~ attomer. to pay reasonabk attornry's tee. iw makinR suc6 edkttiow. . Def~rred payments hereunder ~all bear intetest at the ate of ten percer~t per annuen fwm ioatmitp und'i p~id. ~ 7'hia not~ ia ~ecu~ed by i nartpy~c ot e~ree d~te hererrith and is to be eoMtrued and enfoec~d ~eoordin~ to the larrs of d~e ~t~t~ of Fl~+ridr upoe de[wlt in thepa yment of principal andlot intue~t ~rhen due. tht whole w~m d prineiQal ~d intm~R rrrminin` ue~paid shdl, at the optio~ of the lwldtea. become iaunediatdy due and p~?~ble. j . ~ ~ (s~) anJ shall perform, comply with and abide by each and every the stipulations. aereements. conditions and cove- nants o[ so~d promissory note and of this deed. then this decd and the estatc thereby created shall cease and be null and void. _ 1. The Mort~agor hereby cuvenants and a6rees: - (al To p~y all and s~n~ul~r the pnnc~pal and interes~ and other suros ot eooney payable by virtue of sa~d pran~ssoty note ~nd this deed, or eit6er, pomp~ly on the days ~espectively the s~me severally becomea duc. ~ (b) To permit, comm~t or suffer no ~raste and ~o msint~m tbe improvtments at all times in a state ot ~ood repair and cond~tioo, ~nd to ! do or permit to be done to e~id pcemiaea nothie~ tdat rrill altcr or cAan{e tl~e we and cdu~cter o( said propetty or in any v~Y imp~ir or ~ ~re~kee the security o( this mortp~e. Aed in casc ot the retus~l, ne{lect or inability ot tAe Mort~~tor lo tcpair and m~int~in s~id ptoper- ty, the Ma~p~ee may, at his op~~on, mske auch repairs a csuse the same to be m~de, and adrance moneys ~n that beh~l(. . (c) To pay ~II and ainsulu the t~xes, assessments, levies, li~bil~ties, aad obliqtioas of every aature on said described propertr e~ch •aad everr ~rAen due aad p~yable accordie~ to la~, betare they becaee deliaaucnt, aad to deliver to the Mortss~ee on or before MarcA ISth of e~ch year t~• receipts evideacin~ t6e psYment ot ~ll I~rtally iaposed t~xes fo{ the precedin~ c~lend~~ ye~r; to iademnity tAe ~ Mort~~~ee upon his dem~nd (o~ all ta:es, a~ses~ment~ aed cA~r~es th~t say •ssesscd upoe t6is mottaa~e on the indebtedness a~- cured Ae~eby, and paid by lhe mat~a~ee, rithout re~ard to ~er 1~~ 6eretofore en~cted oc here~lter to be enacted impwin~ aay~aent ot tht ~rhole or aay ~art theteot upae the Mor~~a~ee. (d) To p~y all and ain~utst the costs, chsr~es •n~t eapenaes. includio~ la~yers' tees and ~bstr~et costs reasonably incuned or p~id at ~ny tiiae by the Mori~~~ee because o[ the hilute on the p~rt o( tbe Mort~a~ot to perform, camD1Y ~ith and abide by e~cA and every the stipulat~ons, a~reeenents, cond~tions and covenants ot s~id ptomissay note ~ad tb~s deed. ot e~tAer, and every sucA'p~yment shall be~r mtere~t fras date ~t ~he r~ie ot ten (10'L) per centum per annum. ~ (el It ia f~rther eoven~ated ~ad ~{reed by ~sid p~rties ih~t in U?e e~ent ot ~ suit bein~ in~titu[ed to toreclose this mort~~~e, Ne Mort- ~~~ee sball be entitlcd to ~pply •t anr tia~e peodin~ such fortelosure suit to the coutt bavin~ juriadiction tAeteof fot the ~pPoimeent ot ~ rscei~er of all and sia~ular tht ma~~~~ed prooetty, ~nd ot all reau. iocoaes. profits. is~uea ~~d rerenues thereof, fras ~rAauoevt~ sauce derired; ~ed tAereupon it is hereby eip~eiilr covenaeted ~od a/reed that the Cou~t sh~ll forthwith ~opoint sucA receiver ~ith the wwl porre~s and duties of receivets in like e~ies: and ~~id ~poointment shall be m~de by t6e court ~s a ia~tter of atrict ri~ht to the Mort~a~ee, and rithout reference to ~he ~dequacy or iosdeqa~cr o( the ~~lue ot tbe property hereby mo~t~~~cd. or to the eolrency or inaolreney ot the blort~~{as or anr otAer p~rtr detend~nt to such aui~. TAe Mo~ta~~ot hereby apeeitie~llr r~ivee the ri~h~ to ob~ect !O tAC ~~O/Ot~lAt O~ ~ tttt~rtf f/Ottl~Id ~ad hereby exptt~ilr crosents ts~t •uch ~ppointmcnt shall be m~de •s an admitted eQu~ty ~nd ~s a wtter of ~bsolute ri~l?t to the MortN~ee ~nd tAat tht i~se m~y be doae rithout notice to the Morti~tor. (f) Jf toreclosurc proccedia~s should be instituted ~~~inst the prooertr corered by th~s sortN~e upt?n ~nr other lien a cla~m whether ~Ile~ed to be superiot a juoio~ to ~he lien of this sorta~{e. tAe Motta~~et may at Ais option immed~~ttly upon institution ot such su1? ~ at duria~ the pendeacy Wereo( Aecl~re this matq~e snd the indebtedness secuced hereby due ~nd p~y~ble (athw~th ~nd m~y at its ~ oPtiae ~oceed tq foreclwe tbis aort~~~e. _ TAat tl~e Mortp~or .ill teep all reat snd pcrsonsl property no~ a here~tter encwabered by the I~en o( tbi~ mort~~te insured as may be required trow tise to tiae by U?e Morc~~~ee ¦pinst lws by lire, w~eds~orm ~nd otAer h~sards. c~swl~iei and contm~eocies for such oer~od~ ~nd for not les~ th~n •YCh aaaunts a~ ulr be nauired br thc ?brtp~ee and to paY v~~Wtly ~ben duc •II prcm~ua~s for auth inswance. The swornt~ of ia~uru~ce reauired by the Mott~~{et aMill be 1he aun~mwn ~aaunts (or ~h~ch s~~d inaunnce shsll be rntten ~ed i~ ah~ll be incu~beet upon tAe Mort{asor to m~~nt~ie ineh ~ddiuon~l iasur~nce as m~Y be necess~ry to meet ~nd comply fully ~~th ~11 co-inaur~ece requiresents conuined in a~id oolicies to t?s eod th~t [he s~id Mort~~~a is not a co-iniuror thereunder.lnsurance sh~ll be ~nttes br ~ co~aey or ca~p~oies ~opro~ed or desi~n~ted by tAe Mort~uee •nd ~11 pol~cies sad rene~als thereof sh~ll be he1J br the Mort{~~ce. All dcuiled desi~tions br tAe Mat~~to~ ~rhieb ue «cePtsd br the 11ort~~~ce aad all a{reeinents ectreen Mort~~~or •nd f~lort~Kse rel~un~ to in~ur~ace. nor e:istin~ ot Aere~tter w~0e. sA~ll be in rritin~ ~nd s6~11 bc ~ p~rt o( tAis mat~~~e ~~reement u fullr thorah ~et tatl~ rcre~us hereia and ~hdl ~overn both ~rties hereto ~nd tAeit snccessors ~nd ~ssi~ns. No I~en upon ~ny of •~Id oolicics of msYr~ace or uDan ~nr refund o~~eturn ~em~u~ vhicA sar be p~yable an tAe e~nc~ll~~ion or terminat~on thereof, shall be ~iven to atAcr ~b~n the ?/ay~{ee. tacePt br_oroOtr endorst~tnt •f(i~ed to s~ch polier and ~pprored br Mart{~~et. E~cA policy of instru~te ~6a11 lu~e •(fiaed tAerelo a Sqnd~rA New Yak MwtN~se Cl~ost ~itAoYt Conuibut~oe, makin~ ~II loss or losses Y~lf fYCII ~ oolicr v~raslc eo ~he Morip~ee ita ~otere~t m~r ~~~r. !s the s~~~t ~ay awi or•suss of nwneY Sccoa~e aY~ble ~hereunder the 11ort- ~s{ee shall h~ve tbe oPtia~ to receive ~nA •Pplr ~Ae ss~e o~ ~ceawt of the indeetedness hercby securcd, or to pennii tAe Nort~aEor to rscsive s~d we ~t, ot ~ny ~rt tAsreof. rithoYt IAtte?r ~~iria~ a iwpnrin~ anr equitr. 1ien. or ri~ht under and by ~utYC o( ~A~s wort~s~e, In erent of Iwa or phriicN d~ws~e to the ~ortja~ed orooertr tbe Mort~~~a sh~ll ~irt ~~ed~~te nouce thereo! by mail t~~ tAe M{orlp~ee and ~Ac Morti~~ce w~r ake oroof of loss if the s~ae is not ieade proa~ptly by~ ihe Matj~/p. te evem of (orc.In.ure of 0~ k 212 PAC~ 1. r, R . ~~~K212 F~~.~ _ r ~ ~ ~E~ ; s ~ ~ - - ~ r..~