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Home My WebLink About1330 1 i ; ~ ~S ~?C PR4VID~I1, ALWAYS. ~hat ii the \lortta~oc shall piy unto the 1Aorl~a~ee the indebtedness eviJenctd hy a ~ettain prom~asory note oi which the follov?in~ in words and fi~ures is a true copy tawit: ~ I ~~0~~~~~~ s3,350.00 ,~'ort Pierce, Fta;d, April 21, ~~_73 . FnR VALUE RECEIVED I promi~e tu pay to the ord~r o( ..$Q~E_F. SPIELER the pnncipal sum of THREE 1 US~1D T R ~ FTY and il0 ARS, to~e~het with inte?est thereon I~om datc ~t the r~te o( ten pe~ce~t, per annum until maturity, both prineipd ~~d interc~t bei~ pay~Die ie lawtul money uf thr Un~ted 5tatea at 22~t Biacayoe Blyd., Miami, E'lorid~, or ~t wch other place u the holders ha+eot may daignaie in writing. Principal and intere~t pay~ble in inaWimenb a~ (dlow~: EIGHTY-FIVE ($85.00) DOLLARS per month, beginning on the lSth day of June, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prep~id ~n whole or ie part attet one year from the date heceo( upon payment of a penatty equivalent ~o f~ve percent o( ihe pnncipal sum prepaid. E~ch in-tatlment p~yment shal) be credited first on the inte~eat due, and the remsinder on principal; and intrrr~t ~hall lhrtr- upon e~a,e upun the pnncipal so c~edited. Th~ maken and ~ndoners of this note [utther agree to wuve demand, notice o[ non-payment and proteat, and in thr event wit ~ull br brouRht for th~ colleclio~ hereof, or the aame haa to be collected upon demand ot an attomey. to pay reasonable attomey's rr. for making ~uch collection. ~ Def~rred paymcnta hereunder shall beat interest at the rate of ten percent per annum [wm m~turity until paid. l~hi. not~ ie ~ccured by a r?wrt~e of even date hercwith aod is to be conatrued and enforced according to the laws o! the ~tat~ of }lnrida; upon dcfault in the payment o~ principal andlo~ interest when due, the whole eum ot prin~ipa) and intcrest rrma~ninR unpaid shall, at the option ot the holdero, b~o~ ~~~a~•u1y do~ {nd payaWe. t , ~',.r. r~ (SEAL) ~ ~ (SEAL) ~r~J shall perf~xm, c~xnply with and abide by each and every the stipulations, agreements~ conditions and cove- nants of said promissory nate and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: . (a) To pay all and ~~n`ular the p~~nc~pal and mterest snd otAer sums o( money paYable by virtue o! s~id pranissay note and th~s dced, or e~tAer, promptly on tde days ~e~pec~ively tAe same ser~rally Atcomes dut, Ib) To pennii, caem~t a~ sufftr no ~raste a~d to mainta~rt ~he ~mproremeats st all ??se~ in a st~te ot ~ood repa~r and condn~oe~, and to do or peru~t Io be doae to ssid prem~ses noth~ns thst vill al~er or cbaa~e the use and chuacter ot said pcoperly or in any vay ~mpa~r or veaken tAe secunty o( this mor~~a~e. And ie case of the refus~l, ne~tect or iasbility of tAe Mort~asor to repaer aed isaintain s~id proper- ty, the Martp~ec mav, a1 his optlon, make sucA repsirs a cause the sime to be aude, and advance ew~eys in thst beh~lt. (c) To pay atl and ~~n~ular the taaes, assessmenta, lev~es, liabil~ties, a~d obliutioos ot every natute on said described property cach and every ~Aen due and payable accad~ot to larr, betore they becaee deliaquent, and to deliver to tbe Mottss~ee o0 or before March IS~h of•eacd year u• receipts evldencm` the paymen[ of alt lawfully ~roposed uaes fm tbe precedina ealeadar year, w indemndy the Mart~a~ee upon his denund [or sll taaes, a.sessments amt char~es that may bt assessed upon tbia n~ort~a~e on the indebtednesa cured hereby, and ps~d Ey tht mat~s~ee, ~r~thout re~ard to any lar bereto(ore enacted or heteafter [o be enacted imposin~ asyment o: the ~rAole or any ~art thereo( upon the Mcxtp`ee. . If (dl Ta pay all arid s~n~ular the costs, ch:r~ea and expeeaes, includms Isryers' tees sod apsuact costs teasonably iecorred or pa~d at any time by the Mort6asee becauce o( the (a~lure on the part ot the Mortsa~ot to pertorm, comply with and abide Ey each snd every the i st~puL~~ons, a~reemen~s, cond~tions and covenants o( ss~d promissory note and th~s decd. or eitAer, and every such~p~ymeet shall bear ~ ~n~crese from date at the ra~e o( ten UO'L) per centum per annum. j (el It ~s further corenanttd snd ssreed br said parues that ~n the event ot a suit bnn~ ~nstituted to to~eclose this matpte, the Mat- f 6s~ee shall De entitied ~o appir ai aay :i..-.~ ,y~:.3ia= !~se!~~ure suit to thc coutt 6ivin~ jurisdiet~on thereof fa the ~ppo~ntmen~ ~ o( a rece~rer ot sll and aia~utar tAe mwt~a~ed property, and of all reats, ~ncomes, profita. iisues and revenues theteof, hom rrhatsoever ~ .ource denred: and thereupon ~t is Acreby eapressly corenanted aod sjteed ~hat the Cwrt s6a11 torthrith ~ppoint such rece~rer +~~th ~ the wwl pooers ind dut~es of receirers in lite cases: and ssid appointoent shall be iaade by the eourt as a matar ot strict rijht ~o ~he Mcxt~a~ce, and v~thaut referenet ~o ~he adequacy ot madequacy o( the value of the property hereby mort~s~ed. or to the colvency ~x ~nsolvency ot the Mortp~ors a any other party de(endant to such s~it. The Mortpsor hereby speciticslly wsives Ihe n~l+l to ob~ect ~ ~o the appointment of a receiver ac a(oresaid and hereby expressly consents ~hat such appointment shsll be made ss an ada~itted equ~~y ~ s~ed ss a matter of absolate riaht to the Mort~a;ee and that the same may be done wtAout notice to the Morta~~a~. ~ (f) If (orecloswe proceedinp should be ~nstituted a~ainst thc prrperty corered by this ~ortp~e upoo any otber lien or cla~m ~rhether alle~ed to be super~or or junior tu the I~en of this ~tp~e, the Wlort~a~ee may at A~s optioe immedutety upon ~nstitunon of such su~~ a durm~ the pendency t6ereof declare this mort~a~t ~nd the indebtedn~ss secured hereby due and psyable (orthrith and may at ~i~ • ; opuan proceed to foreclose t6~s matqse. - ~ E (sl Th~t the Mort~a~ar .rill keep all rea{ and persorisl poperty noM a hereat~er encumbered by the I~en o( this :nortsa~e insured as may ~ be requi~ed trom uwe to time by the Matss=ee aqinst loss by fire, windstorm and other hazards, caswlues aed can~m~enc~es (ur such ~ pcr~ods and (or not less than such anaunts ss may Se requ~red by the Mottp~ee .~a ~o wr a~o~~r Wh~~ a~~ all prcm~wns for such ~ ~nsu~ance. The amounts ot inswsnee requirtd by tbe Alort~~~ee s6a11 be the mia~mwn aeaunts fa ~b~ch sud mswance ~hslt be wntten ~ and shall be mcwnbcnt upon the lbrtta~ot to m~intaia such additlona! insurance as mar bt netessary to meet and comply (ully ~rith all co.~nsuraort requirtaents conta~ned in si~d policits to the end that the said Mort~asor ~s not a co-~nsuror thereunder.lnsurance ~ chall be Wrnten by s coepany o~ cospan~es approred or des~~nsted by the MortLa~ee and all pofic~es snd rene~~ls Mettof shall be held by the AAo.~~asce. All deuiled desi~na~ions by the ?kxt~~~a rhicA are accepted by ~he ?{ortp~ee and all auecaents be~weee Mon~~~a and Mortsssee ret~t~n~ to ~nsix~nce, nor e:isun~ or herea(ter msde, sh~ll be in ~titin~ snd shall pe a part of ~his ~or~p~e a~ttemem ss (ully ~s thou~h sct tath rerb~t~a~ Aere~n ae~d shal) ~overn both p~rt~es hereto and their successors aod assisns. No lien upon ~ny of s~id pot~c~es of ~nsursnce or upon aoy refund a rcturn prem~wn rhicb say be p~y~ble oe the cancellation ar ~ens~nation thereof~ shall 3 be ~?ven ~o other ~han the IAort~s~ee, eacept Dy poper endorsement a(fised to such pol~cy and sppored by A{or~~:~ee. Each pol~cy ~of ~ msw~nce shall Asve atGaed tAert~o a StanduQ New Y«k A~1orc~a~ee' Cl~use r~lhout Conu~buuon, mskms sll loss ar losses ~nder ~uch pol~cy parable ~o ~he Mor~psee ss ~ts in~erest may appeat. In the event ~ny suai or swss o( iwney becane payable thereunder the ~lor~- f Rs~ee sAall Aave the opuon to receive aod apply the s~se on accowu o( Ihe ~ndebtedness hereby secured, or to peru~t tAe ~fnrtEaR~~ ~ to receive and use ~t, a any part thereof, ~rtho~t thereby +~a~rm~ w impiu~ns any equ~~y, lun, or n~ht under anA My vutuc o( th~. 3 mwlasse. In tvent n( loss a phYs~cal dama~e to the ma~~aded ptoperty tht Mort~s~oi shall 6~re in~edVlt not~c~ tAere~~( by Ra~l t~~ ; ~hc ~latp~er ~nJ ~hc 1Nx~R~Rte ~aaY make Mo~.f ot In.~ ~f ih. camc ~v not made prwnptly by tht S1ort~a~or. In erem ~d l~tealn.urt o( , , ; ` ~ ' 3~~~s~?~~ r^~:132.9 ~ ~ ~ ; s ~ ~ . ,