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PROVIUFn, AI.WAYS, th~t if the Mort~a~ot shall pay unto the \1ort~a~ee the indebtedness ev~Jrnczd hy~ a
~ttta~n ptom~a~c~ty oote of wh~ch the followin~ in wotds ~nd [i~ures ~s a ttue copy tawit:
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, - - ~ort Pierce, F1o~;da March 8;_____ ~q_~ i,
FoR VALUE RECEIVED We, jointlv and severally. pwmae co p.r
to the orde~ ot __CFRT1tUIIE T~TCHNER
th pnncipd sum of THREE THO 1SAND ETGHT ~11TNDRED TWENTY-FIVE ABDL . ther with inecrest
~he~eon Irom date ~t the nte o( ten percent, pu innurn until maturity, both principal and intcrest beinR pay~bk ie (aw[ul money of
th~United Stata at 2244 Bia~yee Blvd., Miami, Florida, or at weh othe~ plue u the holders hereof mar desi6,~ate ie w~tina,
P' cipal and interc~t payable in inaWlmeots as Idlow:
SEVENTY-FIVE ($75.00) 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 aote msy be prep~id ~n whole or in put after oec yeu from ihe dste hereof upon psyment d a penalty equivalent
~o fivc percent of the principal sum prepaid.
Each in•tallmeet payment shall be credited Cnt on the interest due, and the temainder on pri~cipal; and inlrn•1 ~hali t6rre-
upon ceax upun the pnncipal so credited.
Th~ makers snd ~ndorsen of this note Eurther ~gree to waive demand, notice of non-payment and protest, and in thr event suit
~t~ail br brouRht for the collection hereof, or the aame hLt w be collected upon demand of an attorney, to pay reasonsble attorney:~
frr. (or making such cdlection.
Defened payments hereunder shalt bear interest at ihe rate of ten percent pe~ annune from maturity unti! paid. ~
l~hia not~ ia secured by a na~ae o! even date herewith and ia to be cwubved and en[orced accordin6 to the lawa ot the
~tate ot Elorida; upon dcfault in thepa yment uf prineipd aedlot intereat when due, the ~+hde eum o~ pnncipal ietered
r*mainin6 unpaid shdl, at the option of the•holde~s. beeome inunediately due and p¢y _ ~ ~
, ~j ~ ~Gt-~ Z SEAL
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and ~hall perfcxm, comply with and abide by each and evety the stipulations. agreements, conditions and cove-
nants of said promissoty note and of this deed, then this deed and the ~state thereby created shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees:
la) To psy all and s~n~ular the pt~ncipsl and ~nterest and other su~c of money payable by virtue ot s~id promissory note and th~s
deed, or e~the~, promptly on tAe dsys respec~ir~ly the same severally becomes due.
lb) To perm~t, caa~it or suf(er no ~raste aad to msmtam the ~mprovements at all times in a state ot xood repsir and condit~on, and to
do or perm~t to be done ta said prem~ses noth~ns tAat r~Il alter ot chan~e tbe use and charactet o( said ptoper~y or in any May impa~r a
weaken the security of tA~s qart~s~e. And in case o( the re(usal, ne~lect or inability of the Morta~~or tu repair ar.d mainain s~id proper-
iY. ~he Mor~~asee may, at his opt~oe, mate such repa~rs or cause the same to be raade, at?d advance moneys ia that beh~lt.
(c) To pay all and cin~utar the taaes, assessenents, levies, liab~li~its, and obliptions ot every nature on ssid described property cach
and orery ~hen due and payable accordin~ to liv, betore ~6ey become delinquent, and to delirer to the Mortsa6ee on or betae Marc1~
f5th ot qcA year ua receip~s evidenc~n6 the payment ol all la+rfully ~mposed taaes for the preeedins calendar yur, to ~ndemndy the
Mort~a~ee upon his demand for aIl ta:es, a.ses~ments and cbirses that wy be assessed upon this mo~taa~e on the indebtednecs
cured hereby, and paid by the matsa6ee, v~tAout resard to any lar heretotae eeacted or hereatter ~o be enacted imposins ~ayment o:
the ~hole or sny ~art thereot upon the Miutta~te.
(dl To pay all and s~n~ular the costs, char~es and expenses, includms I~~yers• (ees and abs4act costs ressonably incurted or paid a~
any ~,mr Ay Ihe Aforl~taaee becauce o( the fa~lure on the part of the Mortp~or to perform, tomply vnh and abide by each and tvery the
st~pul~~~ons, asreements, ~cond~tions and covenants o( said promissory note and th~s deed, or eitdet, and every such'payment shall bear
mtcrest from da~e at the race of tert (t07r) per centum ptr annwn. - ~
(el It ~s furtl~er corenanted ~nd akeed by said parUes tAat ~n the event of a suit beins inaututed to toteclose th~s matpse, the Mort-
`s~ce sAall be cntitled to apply at any time pendin~ such toreclosure suit to the court 6avin~ jurisdict~on thereof fa ~he appom~men~
ot a rece~ver o( all and sin~ular the matsa~ed propetty, and of all rents, incaaes. profits. issues ind revenues thereot, (ran whatsoerer
c,wrce denred: aod thereupon ~t is hereby e~preasly covenanted and a~reed that the Court shall forthaith appoint such receiver w~th
the usual porera and duhes ot receivers in lite e~ses; and said •ppointment shall be aade by the cowt as a matter of stric~ ri~At ~o
~he !Mort~a~ee, and vithout reference to the adeqwcy or inadeQu:cy of ~he ralue of ~he property beteby mat~ased, or to ~he solvency
or msolvency of ~he Mortp~as or any other par~y defendant to such suil. The Mortp~or henby spec~f~cally «aives tNe nsht to ob~ect
~o the appointmcnt of a receiver ac aforesaid and hereby e:pressly consents that such appoinuaent sha11 ~e made as an adm~tted equ~ty
and as a matter ot sbsolute «~ht to the Mort~a~te sed that the same msy be done w~~thout notice to the Mortaagw.
(ft (f foreclosure p~oceedinsa should be instituted asains! tbe property covcred by th~s a~ortq~e upon any other lien or cla~m whelher
alle6ed ~o be supenor or junior to the lien of tf~is mat~a~e, tho Mottja~ee msy at Ais option immediately upon matituuon of such su~t
or durm~ thr pendency thereof declare this mort~ase and the indebtedn~ss sec~rtd herebr due and payable f«thrith and may at ~tti
opt~on proceed to (aeclose tb~s mortjs~e.
Tha~ the Mor~psa rill keep all real and personal property nor or herea(te~ encumbered by the I~en of tAis mort~a~e ~nsured as may
be required tros~ time to time by tht Mort~a6ee apinst loss Ay tire, w~ndstorm and o~her hazuds, caswlt~ea and cont~nsencies tu~ such
per~ods and io~ not Iess than auch anaunts as w~y be ~equired by the Mott~a~et and to pay promptly wAen due alI prem~ums for such
~nsw~nct. The anaunts of inaurance requued by tAe Ab~t~~~ee s6~11 be the miaimum amoums for rrh~ch said ~nsur~nce shall be ~rntten
and sAall be mcumbeet upon Ihe Mort~a~or to maiotain such additlon~l insuraace as may be necessary to meet and comply fully +~th
al( co-~nsurance reQuu~ments contsmed i~ saed policies to ~he end that the said Mortp~ot ~s not a co-insurot theremder.lnsurance
shall Ae vnttte by ~ coa~psny or compan~ea approved or des~~nated by the Mortsa~ee and al) pol~c~es and reneo~ls thereot shall be bcld
by ihe Ma~p~ce. AI{ detailed desi~nstions by tbe Mort~~~or wh~ch ue accepted by the ?Iortp~ee and atl ssreasents between Morts~=a
and Mor+sasee rela~~ns to'nsurance, now existin~{ or here~(ter made~ sAsll be in rritins and shall be a part ot this mat~s~t a~reeweet
as fully as thou~h set forth verb~um here~n and shall ~orern both parties hereto and Weir successors and assi~ns. No lien upon any of
s~id pol~cies o( insursnce or upan any retund a retu~n prem~wn ~rhicb auy be pay~blt- on the cancell~tion or tera~ia~tion theteot. shall
be ~~ren to other ~han the I~lort~a~te, e:eept by proper endorseaent a(tiaed to such pol~cy and approved by Alat~a{te. EacA pol~cy nf
msur~nce shall have a(fiaed therc~o a Stsndud Ne~r Ya4 Mortp~ee Cl~use ~ruhout Contnbuuon, msk~n~ alI loss a iosses under such
pol~cy paysbie to the Mot~p{ee as ~ts ~nterest rosy appe~r. !n the erent ~ey sum ot sums ot eaney becoo~e pay~ble thereunder thc ~brt.
Ra~ee shall have the opuoe to rece~rc and apply the sase on ~ecount ot tbe ~ndebtedness l~ereby secured. ot to permu th? ~NxlEaRor
to receive and use ~t, or any part thereot, r.ithout thereby ~~~vm~ ar ~mpsu~n~ any equity, I~en.,pr;n~ht undcr and Ay rutuc o( tAi.
m«t~s~e. In erem of loss a phys~csl damase to the mw~saeed property the ~twt~a~or s~al) ~i~t ~~amedutt nouce thereuf by rr.ail
~hc M~xt~lser ~rwp~he 1NortEaEee may mak~ M~Nd o( 1~.~. thr ~amc ~c not made p~wnptly by ~he 1{ortaa~at. In event ot I~e~ln.urc o(
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