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Home My WebLink About1284 ~~~~i~~"~F~:.''3 PROYtDEI1, ALWAYS, thal if the ~1wi~a~o~ ahsll psy unta the ~tortjajco the iodebtodness ev~Jenctd h~• a ccrta~n ~om~.sar • note ~f which the followin~ in words snd fijures ~s a true copy taw~t: I~dKW~ . s 1,725.00 Fort Pierce, fl~;d, _ March 17, ~g_ 73 FOR VALUE RLCEIVED I promise to pay to the order ot the pnncipal sum of OI~E THOUS D SEVEN HUI~DRE TWENTY-FIVE AND , togethe~ with interest ~ thercon twm date at the nte oi ten peccent~ pee annutq uetil maturity. both principal and interest bein6 payable in law[ul money ot the Uaited 5tata at 2244 Biscayne Blvd., Atiami. Florida. or at wch other plaee as the hdden heteof may designate in writin6. Pnncipd and intcrat payaWe in ieutallrae~b a~ tdlowa: FORTY ($40.00) DOLLARS per month, beginning on the 15th day of May, 1973, and continuing on the ISth day of each and every month thereafter until paid in full. - This note may be prepaid in whole or i~ p~tt after one yeu ftom the date heceof upon payment of a penalty equivalent co five percent of the principal sum prepaid. Each installment payrrient shall be c~edited fint on the interest due, and the remainder on principal; and intere•t ~hall tbere- upon cease upun the principal so credited. 7'hr mikrrs s~d ~ndorsers ot this note furthtr agree to waive demand, notice of non-payment artd proteat, and in thr. event suit st~all be brought tor the collection he~eot, or the ame has to be collected upon demand o( an attomey. to pay reasonable attomey R fer. (or makin6 such collection. ~ Delerred payments herrunder ~hdl bear intereat at the rste of teR perce~t per annum trom maturily until paid. - 7'his note is aecueed by a nartgaae of even date herewith and is W be conatrued and enfo~ced according to the laws of the ~tate ot Florida; upon default in t1?e {?ayment ot principd andlo~ interest when due, the whde eum o[ principat and inte~+est e~rmainina unpaid shdl. at the optioe of the holde~s. become immediately duaand payable. ~ / c ~ ~ , ~ (SEAL) , ~ (SEAL) ar~d ~hall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove- nants of tiaid promissory nute and of this dced, thon this deed and the estate thereby created shall cease and be nul! and void. 1. The Mortaagor hereby covenants and agrees: (al To pay atI and ~~n~ular thc pr~nc~pal and ~nteres~ and othcr sumc of money payable by virtue of said prom~ssory note and th~s deed. or e~ther. promptly on the days respec~ively tAe same severallY ~comes due. lb1 To perm~t, cano~t a aut(er no ~aste s~d to ma~ms~n the ~mprovemeats at all tiaes in a state ot ~ood repair and cond~tion, and to do a perm~~ to be done to said prem~ses aothm~ that ~~11 alter or cdaa~e the use and chatacter of said poperty or in any ~ray impa~r or ~•eaken thr secur~ty of tbis matsase. Aed in case of the refusal, ne~lect or-snabilitr ot the Mort~~~or to repair ard ma~nuie s~id proper- ~Y. ~tie FAa1~s~ee may, at hia opUon, make such repaus or cause ehe same to be made, and sdvance reoneys in that behatL (c) To pay all and a~nsulu the taaes, assessmen~s, leviea, liab~l~ties, and obliptions of every nature on said described property eacA and every rhen due aad payabte accordma to law, bcfae they become deliaquent, and to deliver to tAe Mat~a~ee on or before March lSth ot each year u• receipis ev~denc~n6 the payment ot all lartully ~mposed taxes (or the precedins calendar year, to ~ndemndy the A1«tta~ee upon his demand ta all uxes, a.sescments ami c6ar~ls ~hat may be assessed upon tA~s mortsase on the indebtedness cured hereby, and psid by the mo~tsaaee, v~thout reaard to aay lawr heretofore eaacted ar hereafter ~o be enatted impos~n~ ~ayment o.` tAe rhole o~ any .+art tl~ereot upan tAe Mort~asee. - (dl To pay all and s~n~ular the costa, chat~es and eapenaes, includie~ lavyers' tees and abstract costs reasonably incurred ~x pa~d at any ~~me hy tht Motl~a6et Atcau~t uf the fa~iure on the psrt o( the Mort~a~or to perform, canply v~th aad abide by each and every the su~+ul~~~ons, asreemen[s, cond~tions and covenants of sa~d pran~ssay note and th~s deed, ot either, aed every such'payment shall ?xar . ~n~crest (~om date at ~he rate o( ten ( lOS) per centum per annum. lel It ~s (urthcr corenanted ~nd a~eed by said part~es that in the event of a suit bcin~ insututed to foreclose th~s mat~a6e, tht Mat- 6a~ee sha11 be entrtled to apply st any lime pendins sucb toreclosure suit to tAe court harins jutisdiction theteot for Ihe appo~ntmen~ o( a rece~ver of all and sin~ular the mort6a~ed propetty, and ot sll rents, ~acomes. profits. issues and revenues tAereot~ frae wAatsoever cource denred; and thereupon ~t is hereby expressly covenanted aad s~reed tdat tfie Court shal! torth~rith appoint suth recerver ~r~tA tAe usual po~rers and datiea of receivers in like cues; and eaid appointe~ent shall be made Sy the court as s mattcr of stric~ n~ht to ~hc !Nort~a~ec, and +r~thout re(erenct to the adequacy or ~nadequacy u( the ralue o( the property hereby mat~a~ed, a to the solvency or ~nsotvency of ~he A~lor[~a~ars or any other party defendant to such su1~. The Mortsssor hereby speci(ically vaives ~he r~~ht to ob~ec~ ~o the appoinueent of s reetirer as atoresaid and hereby eapressly consents that sueh ~ppo~ntment shall be made ss an admitted equ~ty and as a maner ot absolute ri~!?1 to the Mortp~ee and tha~ the same may be done Mnthout notice to the More~a~or. If) If toreclosure proceedin~s should be ~nstituted ~~aiest the property covered by th~s aortp~t upon any other lien or cla~m ,vhe~be~ alle6ed to be super~o~ or jania to the l~en ot this mat~s~e, the Nort~asee msy at h~s option immediately upon institution o( cuch su~t or dunn~ the pendency thueof declare th~s mort~~~e and ~he indebtednrss stcured hereby due and payable forthwith and may a~ ~~ti opuon procecd to fareclose th~s matpse. (~I Th~t the lilortp~or riil ktep atl real and personal property now~ or hereafter encumbered by the l~en of this mortsa~e ~n~u~ed as may be required froa tise to time by the A~lortaasee a~ainst loss by t~re, w~ndstam and oi6er haz~rds, c~sualt~es aed cont~naenc~es (ur such per~ods and ior not Iess than such aawunls as aNy be requ~ted by the Mott~s~ee and to pay promptly when due all premiums for such ~~swsnce. T6e aaounts of insuraace requ~red by U?e ~/ortsaset sball be tbe min~mum smounts for vh~ch sa~d ~nsurance shsll be ~vnqen and ~t shall bt mcwsbent upoe the Mon~s~or to maip~am such sdd~t~onal ~nsurance as may be nece~sary to meet and comply fully v~th sll co-msurance rtquueercnts contamed ~n said poGcies to ~he eoQ thst the ssid Mortp~or ~s no~ a cw~nsuror tAaeunder,Msunnce ' shall be w~ntten by s to~paey or caopaa~es approved ot des~snated by the Mort~a~ee and all pol~c~es and renevrstt thereof sh~11 be held by the ?fatpset. All detailed desi~nstions by We Mort~ator vh~ch are accepted by the 1~lort~a~ee and ~II asreemeots betMeen I~Aort~~~or and 61at~a{et re1~1~n~ to msur~nce, nrnr e:~stin~ or hereaftcr made, sh~l! be in anYtin~ and sball be s put of this morta~ae ~~reeosni ae tullr as thouih sct torth verb~tiei here~n and shsll ~orern both parues hereto and the~t successors and sssi~ns. No'lien upon sny o( said policies ot insursnce or upaa sny re(und a return ptem~um ~rhich 4ay be payable on the cancett~tion a ~erm~nation ehereof~ sh~ll be ~iven ~o other rAsn tAe ~Iortsa~ee, e~ccept by proper endo~semenl s(f~xed io suc6 pol~cy and ~pptoved by Mortp~ee. Each policy of ~nawance shall hsve atf~aed thereto • Stsndud Ne~ Yat Mortp~ee Cl~use r~thaut Contnbuuon, makin~ all loss a losses under .ucA pol~cy psysble ~o the I~/ort~a~ee ss ~ts ~nterest msy ~pPear. In the e~ent any swn ot swas of monty becane p~yable thereunder the ltort- ea~ee sAall Aare the opt~o~ to recnre and •pply the aase on sccount ot the ~ndebtedness hcreby secured, or to pennil lhe ~NxtEaR~.r ~o recnve aM use a anr part thtreot, w~tAou~ thcreby ~a~vm~ a~mpaums any equitY. I~en, « n~n~ unacr and ny •~r~~e or ~h~. matp~e, In erent of loss or phrs~cal dama{c to tht- mort~~Eed property Ne Mwtp~w sAa1) s~r~ I~qedi~tt pouce thereuf by re~il t.~ Ihc Nwlsasec +nJ ~hc M~+~t~a~se may ma4e ~o~~f o( t„~. ~hc camc i. no~ maJe prumptly by 1ht 1AaKs~or. la event o( lae~l~~wrt ot ~ aeexZl2 Pacf1~~~ ~ ~y~ :