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Home My WebLink About0630 ~ ~ ~r PROVIDEn, ALWAYS, th:t if the ~br~~a~ot shall pay unto the ~lortsa~ee the ~ndebtedness rv~Jenced hy a certain orwn~~so~v note-_ of which the tollowint in wotds aad fitutcs ~s s ttue coav tww~~t: a 3 250.00 i . Fort Pzerce, F~~;a, April 7, ~q_73 FORYALUERECEtVED WE, jointly a~d severally, promi~e~upay to ehe order o~ _ HARRY ALBERT AND LAURA L AI~BERT ~ HI S WIFE. ~ the principal sum of THREE THOUSAND TWO HiJNDRED FIFTY AND c1o / 10(~OLLARS, togethet with interrst thereon iwm date at the tste oI tea percent, per a~num uMil maturity, both principal and intercst being p~yable in lawful moncy uf t~e United Statts.at 2244 Biuayne Blvd., Miami, Florida~ or at ~uch othe~ pface as the holden he~eof may desig?~ate in writin6. P:~ncipal and intero~t payable i~ in~tallments a~ follow~: r SEVENTY-FIVE ($75.00) DOLLARS per month, beginning on the lSth day of June, 1973, and continuing on the lSth day of each and every month thereafter until paid in full. This note may be pcep~id in whote or in part a(ter one year irom the date he~eof upon payment of a penalty equivalent to five percent of ihe principal sum prepaid. Each in~tallmeat payrrient shall be credited first oo the interest due, and the remainder on principal; ~nd in~rrr•t :hatl thrrr- upon cease upon the principat so credited. The makas and ~ndorsers of this note further agree to waive demand. notice ot non-payment and protest, and in thr event suit ~liall be brought (or the collection hereo[, o~ the ame has to be collected upon demand o[ an attorney, to pay reasonable attomey'~ (er. [o~ making such cdlection. Defened payments hereunder ahall bear intereat at the rate of ten percent per annum Irom maturity until paid. 7'hi~ note ie acured dy a mortp~e of eveo date herewith and is to be conetrued and enforced according to the lews of the ~ te of Florid~; upoo default in the payment of principd andlo~ intereet when due, the whole eum of principal and intertst ining unpaid shafl, st the option of the holdero, become immediately due ~nd payabfe. i ~ ~ ~ ~T ; C: ~t.K . ~ ~ - (SEALj 5 ~ ~ ~ (SEAL) ar,J ~hall perform, comply 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 thereby created shall cease and be _ onll and void. 1. The Mortgagor hereby covenants and agrees: (a) To paY ~~d ~~~6~~~~ V~~~~~W~ and ~rtterest and other sums of money payable by virwe ot said prom~saorY note and th~s deed, a e~tAer, promptly on the days respect~vely the same severally becomes due. To permrt, cpam~t or sutfer no rrasle and ~o mamta~n ~he improvements at all Umes in a state of ~ood ~epa~r and condwon, and to do or perm~t to be done to said prem~ses nothms that v~ll atter or chaa~e the use and character o! said p?operty or ~n any ray ~mpa~r ot weaken the secunty o/ tAis matsaje. And in case ot lAe refusal, ne~leet or mability ot the Mortpsor to repair ar.d maintam s~id proper- ty, ~he Morl~s~ee mav, at his opt~on, mste such repsirs or cause the same to be made, and adrance moneys in that behatf. lc) To psy all and smaular the uaes, assessments, lev~es. Gab~Gties, and obliptions of every nawre oa said described property each and erery ~hen due and payabte accad~ns to lar, befae they become delinquent, and to deliver ~o the Morteasee o0 or before March 15~h ot eacd ycar taa receipts ev~dencm6 ~he payment of all lawfully ~mposed taaes for the precedin6 ealendar year, to indemndy the - Atat~a6ee upon h~s demand tor all taxes, a.sesaments and char~es that may be assessed upo~ this mortaase on the indebtednecs cured hereby, and paid by the mataa6re, ~~thout reaard to any IaW heretofae enscted ot heresiter ~o be enatted imposin6 ~ayment o: ihe ~hole or any rort thereof upon the ~1ort6aaee. , (d) To pay all aod a~n`ular the cost~, chu~es and e:penses, ~ncludm~ lavyers' tees snd absuaet costs reasonably inw~red or pa~d at any ~~me Ay ~he A1a1Ra6ec because of the fa~lure oa the part of tht Mort`a~ot to perfo~m, comply rnth and sb~de by tach and every the .upulSuons, sgeemen~s, conduions and corenants o( ssid pranissory note and th~s deed. or ei~her, and every sucA'payment shall bear ~mr~est troe~ da~e ~t the ra~e of ten 1104~) per cenwm pe~ a~num. ' lrl It ~c furiher corenantcd and ageed by sa~d part~es that ~n the event ot a suit be~n6 ins~~tuted lo to~eclose d+is mor~esac, the Mort- 6s`ee shall be entitled to ~pply at any te~ne pendins sucb faeclosure suit to tbe court havin~ jurisdiet~m tAereo( for ~he appointmem o( a rece~ver of all and sinsular Me mw~sa6ed property, and of all rents, mcomes. protits. ~ssues and revenues thcreot, from whatsoever .ource de~~ved; and the~eupon u~s hereby eapressly coven~nted and a~reed tAat the Coutt shall torthrith appoint such rece~ver .~~th ~ the u~w) porere snd dut~es of rectirers in litt caaes: and said ~ppoietment sA~ll b~ made by the eourt as a matter of stric~ ri~At to ihe Mextaa~ce, and rlthoul re(erence to the adequacy or ~nadequacy uf the value ot tbe property hereby m«t~a~ed, orto the colvency ur ~nsolveecy of the Mort~a~ors or any other party defcndant to such suit. The Malaasa hereby specitically +raives the n~ht to ob~ect ~o the appomtment o( a receiver ac aforesaid and hereby eapressly consents that such appo~eunent shall Oe made as ~n admn[ed equ~~y and as a mauer ot absolute ~i~ht to the Mortp~ee and thst the saroe may be done r~thout notice to the Mortsa~or. If? If foreclosure proceedin~s should be ~estituted a~ainat the property cortred by U?is oqrt~s~e upon anr other licn or cla~m rhe~her atle6ed to be super~or ar junior to the )ien o/ this marijsse, the Alorts~ste may at h~s optioe imeoed~atety upon ~natitul~oo of auch su~t or dunns the pcndency [hereof declare th~s mort`~~e and the indebtcdn~ss sec~red hereby due and psyable for~h~~th and may a~~Tti upaoa prxeed ~o foreclose td~s mortsate. ' ~ Th~t the Mat~a~or rill keep all real and personat property nor or hereafter eecumbered by the l~en of this martsase ~nsured as may be required troa~ ume to lime by the Mortsa~ee aptnst loss by (ite, w~ndstam and other hazards, csswlues and coepn~encies (ur such per~ods and ior not less 1Aan sucA amounts as may be requued by the Mottp~ee and to pay pranptly .rhen due all prem~ums for such msunnce. The amounta of iaaurance requ~red br tbe Mort~asee shal! be the min~mum smounts tor which said msurance shall be .~ntten and ~t shall be incumbtnt upoo the Mwt~s~or to nuintain such additional insurance ss msy be nececsary to meet atd comply fully +~~th all co-~nsurance requitaeents conta~ned in said policies to the ead that the s~id Mort~asor is not a cwinsuror tAereunder.lnswance shall be wrntten by a cowpaoy or companus approved w des~an~ted by the Martp~ee and all pol~c~es and renew~lx thereo( shall be de1J by We Matp~ec. All deuiled desi~nations by the Morl~asw ~hich are accepted by the 61ort~a~ee and aIl aireements between Mortpsor and Mort~stee rel~tin~ to insur~nce, nor eaistin~ or herea(ter made. shall be in ~rltin~ ~nd shall be a part ol this ma~saje isreement ss fully as ~bous!? set fath verbat~m Acre~n and shall ~overn both parties hereto snd tAe~r successors and ass~~ns. No lien upon any of s~id pol~c~es d Insurance or upan sny refund or return premium ~hieh iaay be p~yabte on the cancellation or term~nat~on thereof, shall be ~iree to other ~han the Mort~a~ce, e:cept by proper cndorsanertt afti:ed to sucA policy and sppored by Alat~s~ee. Each pol~cy nt insur~nce sh~ll hsve aff~aed thereto s Staodud Ne~ York Mort~a~ee Clause w~thout Contnbu~~on, m~kin` sll loss ar losse~ under .uch pol~cy payablc ~o ~he Matp~ee as ~ts ~n~crest may appear.- In the e~ent ~ny sum or swas ot maney become psysble tAutunder tAe \lart- Ea~ec sAall hsve the opt~ae to rece~re and spply the ssme on acco~t ot t6e ~ndebtedness hereby secured, ot to perm~t thC \1nttEaR~~r ~o rece~ve and use ~1. a any par~ thereot. without thereby ~rsivm~ or ~mpau~n~ any equ~tr, lue, or n~ht under and Ay v~nue o( ~h~~ m«~~s~e. In event of loss or phys~cal dsma~e to the mor[saeed prope~ty Me ,liort`a~or s1yH `iv~ ~mmedute nouce IAerc.~f by rr.~l i.~ tbr Mu/tiaaer ~nJ ~h~ ~fnr~~a~ee may make Mu~+f o( In.. ,4 ~h. .amc i. not maJt ptumptlybr tAt ~tort{a~ar. In evrnt o( (ure•I~.~ure n! ~ ~ go~fi21~ ~~~E f?~ ~ ~ ~ L~ s . : _