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Home My WebLink About0109 3 • PROVIDFf1, ALWAYS. that if the ~1ort`a~ot ahalt pay unta the \brt`a~ee the indebtedness ev~Jrncrd hy a ce~ta~n prom~s~~?ry note of which the foliowio~ in wo~ds aod fi~ures ~s a uua c~py to-ait~ " ~OyN~4~ ~A~ ` s 2.~725 . 00 Fort Pierce , F~a;a, May 26_, 73 . f FOR VALUE itECE1VED WE, jointly and severally ~ promice tu pay . to the ord~r ot ..~.1LBERT BEEBER the pnncipal wm of _'~WO THQUSAND SEVEN HUNDRED TWENTY-FIVE AN~j togeth~~ with interrat the~eon from dat~ at the r~te of ten percent, pet annum untit maturity, both principal and intereet bein~ p~yable in law[ul mooey uf th~ llnited `~tates at 2244 8iaeayne Bivd., tiiiami, Florid~, ur ~t auch other plere aa the holders hereot may design~t~ in wrilin6. Principd aed int~r'~t pay~ble in in~Wlment+ a~ folloMrs: SEVENTY-FIVE ($75.00) DOLLARS per month, beginning on the 25th day of August, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. i _ - ~ i ~ f Th~s note may be prepaid in whole or ~n part a[tet one year from ~he date hereof upoe payment of a penalty eguivalent ~ t~~ f~~•e percent of :he pr~nc~p~i sum prepaid. } f.xh ir.~allmrnt pa~ment +hal! be ~rrdited l~ret on the interest due, and the r~maindet on principal; and intrrr•l •hall thr~r- ~ upon ~~ax upun thr pnncipal so cr~dited. . . Th~ makcn and ~ndoracrs of this note further agree to waive demand, notice of non-payment and protest, and in thr ~~ent auit .lult br DrouRht for thc collection hereut, or the s+me has to be eollected upon dem~nd of an ~ttorney, to pay rea.wnable attorney'a frr. for mskinq such eolleetion. D~ferred paymenta hereunder ehall bear interest :t the rate of ten percent perannum [rom maturity until paid. ~ 1'hi+ not~ ie ~ecured by a mortgsge of even date herewith ~nd is to be conatrued and enEotred aecording to the I~ws of the ~ ~t~t~ o( Elnrida; upon def~ult in thr piyment of principd •nd~oe intereet when due, the whole aum o[ pnn~ipal and inlecest rrmaininR unpaid sh~11, at the option of the holdeee, become immediately d• d p~yaWe. + ~ , SEAL) . ~ / i l~-!•?~.~ ~ ~4.!`~` (SEAL) ~ t ar~J ahall perform, comply w~th and abide by~acF~ and'evety the stipu[ations, agreements, conditions and cove- nants of tia~d promissory nott and ot this deed, th~n this deed and the estate thereby created shall cease and be null and void. - 1. The Mottgagor hereby covenants and agrees- , lal To pay all and s~n6ular the pt~napal and mutest and oiher sumc o! money payabte by vutue of sa~d promuswy no~e and this deeJ, or euher, pranpNy an tht days respecuvely the same sevenlly becoo?es due. Ib) To perm~t, canrntt a sulter no raste a~d to ms~num the ~mprovements at all hmes m a state o( 6ood repa~r and condu~on, and to do ~x perm~t to be done to ss~d prem~ses nothm~ that w~ll alter or chan~e tAe use and chuacter of ss~d poper~y or m any way ~mpau w rcaken the cecur~iy of th~s mat~a~e. Aod in case of the refussl, ne~lect or 1nab~lity ot the Mortassor to repair ar.d mainta~n s~id proper- ty, ihe Mortjaaec mav, at his opl~on, make such repa?rs or cauce the same to be msde, and advance moneys ~n that behalt. (c) To pay all and c~n~ular the uaes, assessments, le~~es, liab~l~t~es, and oblipuons ot every oature on said descnbed property each a~d every ~rhen due and payable sccad~n6 to lsr, be(ore they become delinqutnt, and to del~ver ~o the Mortaasee on o? befae INarch ISth of each year qa rece~pts ev~denem6 ~he payment ot ~II lar(ully imposcd taxes for the preced~ns cslendar year, to mdemn~fy thc \1art~asee upon his demand (a all taxes, a~sessments aM1 chaises that may be sssessed upon th~s mott~s{e on tht ~ndebtedness curcd hereby, and pa~d Dy thc matsaaee, r~thout re~:rd to any !aw Aeretofae enacted or hsrta(ta ~o be enscted lmpos~na ~aymen~ o: the rhole a any ~.arl tAereo( upon the A1~rtsasee. (d) To pay all ind s~njular the costs, char~es and expenses, includ~nS Ia~yers' fees snd abstnct costs reasonably meu~red ~x pa~d a~ any ~~mt Ay thc G1atEaRee becau.e u( the f~~lure on ~he part of the Matsa~or to perform, eomply r~th and aDide by tach and rve~y the .~~pul.nons, asreements, cond~hons ~nd covenants o( sard proanssay note and th~s deed, or e?ther, and every such'payment shall bear - ~ntcres~ trum date at the n~e o( ten I10`L) per centum per annum. lc? It ~s further co•enantcd and a6reed by sa~d parpes that m the event ot a~uit bem~ msutfited-to-fweclose th~s mart~ast, the ~1«~- 6a~ec shall be entitled ~o •pply at any ~~me pendin~ such foreclo~ure suit to the court h~rie~ j~r~saict~on thereot for the sppomtmeni ' o( a recewer of all and sinaular the monsased property, and of all rents, ~ncames. pro(its, ~ssues and rerenuec thereof, (rom whatsoetier .iwrce denved: artd the~tupon u ~s hereby eapresaly covenanted and a~eed that the Cwt~ shall forth~rith appoint such rece~~er ~itA ~he uswl powers and duuea of receivers in like c~ses: and said appo~mment shall be made by the court ss a mstter ot str~ct n~ht ~o ~hc Akxtaajee, and ~vrthout refererrce to the adeqwcy or madeqwcy uf the value o( the ptoptr~y hereby mat~a6ed, or to the colvency ~rr ~ncolvency of the Matp~ors or any other party defemiant to such su~t. The Mort6a`or hereby spec~t~cally rraives the nsht to ob~ect ~o the appom[menr of a rece~rt~ ac =to~esa~d and hereby e~pressly consents that such appomtroeet shall be made as ~n admuted eQu~iy and as a mstter ol sbsolute n~ht to the Mortp~ee and tha~ tAe same may be done ~r~thout notice to the Mort~a~or. (f 1 If (aeclosure proceed~n~a should be ~nstituted •pinst the property covered by this nartp~e upoa any other I~en or cla~m rhether alleaed to be super~w or ~umor to the htn o( this mort~a~e, the Mottp~ee may at h~s ophon iiemed~ately upon m~trtuuon of sucA su~~ or durert~ th~ pendency theteof declsre th~s mortsaae and tht indebtednr~s secured htreby dut and payable (orthr~th and may at ~t. op~ion proceed to foteclose th~s matpsa (61 Tha~ tho Mat~a~or w~ll teep all real and personsl poperty nor or htrea(ter encumbered by tht I~en uf th~s mwt~a~e ~nsured a~ m~y be required from t~me to time by the Mor~pjee aqmst loss by t~re, wind~~orm and other Asz~rds. casualue~ and contmEenues for such pc~~ods and ~or no~ le~s than such amoun~s as m~y be requued by the Mort~s~te and to psy promp~fy rhen due all prem~ums for sucA insurance. The amc~unts of insurance requ~red Ay the !?lort~~6ee shall be the m~n~mum amouets fw vhich sa~d insurance shali bc rr~~tcn aod sAall be incumbeet npon the lNort~s~or to nainlam such sdd~UOnal msur~nce ss may be neccssar>• to meet and complY (ully r~th ali cw~nsurance reqwrements contamed ~e said po6cies to the end th:t the ssid Mortas~or ~s not a co-~nsuror thereunder,lnsurance - ahall be vrr~tten by a company or caspan~cs approved ot dec~~nated by the Mort{a~ee and all pol~c~es and renewsls tDereof sha11 be held by the Mwtpjrt. All detailed desisnat~ons by the Matsa~or wh~ch ase accepeed by the Mort~a~ee and all aareemeets betwreen Mort~i~or and M«t~a~ee relat~n~ ~o ~nsurance, no. ex~stin~ or here~fte~ made. sh~ti be in rri~~ns and sh~ll be a par~ of th~s martNSe s~reemeet as (ulty ax Ihou`h set tath verbaum here~n and shall ~overn both pariies hereto and theu successors and ass~sns. No I~en upon any o( sud pohues of msurance a upon any retund or return pam~ue~ ~rhich may be p~y~ble on ?he uncell~t~on w ~crm~n~hon ihereof, s~all be ~~ven to other ~Ran the Matp~ec, eacept by poper endorsement a(fiaed to such policy and appored by Matp{ea EacA polrq of ~nsurance shall hsv~ a(f~xed tAere?o a Staedard Ne~ Ywk Mwtsasee CLuse Wrthout COOt(IbYU011~ ~skm6 •II loss a lossc~ under ,uch pol~cy payable ~o ~he Matp~ee as ~ts ~nterest may sppe~r. In the e~ent any sum or sums ot money becoene payable ~hereunder the ~tort- K+6re sh~ll hav~ the ophon to rece~ve snd aOD~Y s~mt w~ ~ccoant of the ?ndebtedness Aereby secured, or to peroat ~he 11nrt~a~~~r ~o rece~re and use it. w sny psrt theceo(, w~thou~ thereby s~inns «~mpau~ns any equur. btn. a n~ht under and by vvtuc ot th~~ ~ m~xt~ase_ In evcnt of loss or phys~cal dam~sc to the mor~saEtd proper~y the Mort~a6or shall E~~e unmedutt nopct thercuf by r. a~f t.~ ~h.- 11~16sRer rnJ ~he \i~~~EaEec mav makc pro~~f o( lo~s ai ehr .amc n not m~J~ prump~l, by tht ?lwtassa. In erenl ~rf I~Ke~l~~•urt of ' ~ S~~x 21~ r•a6E 1~~ - - v~ x_ = z_~