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Home My WebLink About1479 ~ , PRAVtD~(~. AL.WAYS, that i( the \loriea~ot shall pay unto the ~brt~a~re the ~ndebtedness ev~JencCd hy a cttta~n ptom~~~oty nute o( wh~ch the followin~ in words and [i~ures ~a a ttua copy to-w~~t: 1~a~~t~e ~~ste f 5- 050.09 Fo~t Pierce, florida Julv 1~_73 ~ fOR VALUE RECEIVED I promi~e tu pay to the orde~ o( ~THRYN T. tht ptintipa) sum of ,_F~VE THO~AND FIFTY AND NO DO1.L.~?RS, together with intereat theteon (~om date at the r~te oi ten percent, pe~ annum until matunq, both p~ncipal and interest bein~ payable in lawful money uf th~ !)nited ~tate~ at 2244 Biaeayne Blvd., Mi~mi. Florida, or at such other pl~ce as the holdets hereot may deaign~te in writin~. Principal and int~te~t payable in installmen~+ aa tollows: ONE HUNDRED FIVE ($105.00) DOLLARS per month beginning on the lSth day of September, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. TA~s note may be prep~id ~n whole o~ in part after one year from ~he date hereof upon paymeet of a penalty equivalent f~ve percent of !he pr~nc~pal sum prepa~d. f.~ch in.ulime~t pavment rhall be credited fitst an the interest due, and the nmainder on princip:l; and intrn.t •hal) thrrr- upon c~ase upun the pnncipal so credited. Th~ mak~rs and ~ndorstes of th~s note [urthet a~ee to waive demand, notice oE non-p~yment and pwtest, and in thr ~vent suit .{~all br brouRht (or the collection hereu(, or the same haa to be coll~cted upon d~mand o( an attorney, to pay rcaconable attorney'a ~ frr. [or makinq ~uch eollection. Dr(~nrd paymenta hereunder ehall bear inteKet at the rate of ten percent pe~ annum Irom maturity until paid. 7'his nnt~ is ~ecured by • mortgage u( eveo date h~~ewith and ie to be canstrued and enlorced according to thc I~ws of the : at~ of E1Mida; upon dei~ult in the pavment of principd ancVoi inte when due, the whole eum ot -n~ipal and interest I ininR unpaid shail, at the option o! ihe holdcrs, become immcdi ~ d and paya e. ~ f - • ..~eSCXL.-=LL i~~`-~~r.. (SEAL) ~ % (SEAL) 1 ~.n - - - - - . . . - - -~---aw aaJ ~hall perform, c~xnply with and abide by each and every the stipulations, agreements, conditions and cove- nants of +a~d promissoty note and of this deed, then th~s deed and the estate thereby created shalt cease and be null and void. 1. The Mortgagor hereby covonants and agreos: la1 7o pay sll and ~~nsular the p~nc~pal and ~nieres~ and other sumc ot mooey payable by virtue of ssid prom~ssory note and th~s deed, or e~tAer, pranptly oe tAe days respecuvely the same severally becomes dut. lbl to permn, comm~t or su[(er no raste a~d to mamum ~he ~mprovements at ali hmes in a state of sood repa~~ and cond~uon, and to do a perad to be done to s~~d premises DOIMAs U1a[ A'tI~ alter or chaa~e the use at?d ch~racter ot said pcoperty or m any vray impa~r or +eaken the secunty o( th~s mort~a~e. And in case of the refusal, nt~lect oc ~nabil~ty o( the Mortpsor to repair aed msiatam s~id proper- ty, ~Ae Mon~aEee mav, at h~s opUOn, mate such rcpairs or cause the sao+e to be aade, and advance rooneys in that behalf. (c) To paY ~~+d ~~n~ulu the uaes, assessments, tev+es. I~ab~lities, and oblisauons o( every nature oa said described prope~ty each ~nd every yhen due snd payable aecord~r?~ to la~a, betae they become deliaQuent, and ~o deliver to the 1Aortsa~ee on or before Msrch IS~h of each year taa receiptc ev~denc~n` the paYmene o( al! Iawfully ~mposed taaes for the precedea6 ealeadar year; to indemn~ty the !U«t~asee upon h~s dcmand for ~II taRes, a.ses~~uents arwl charses that may be asaessed upon ~h~s mortaa~e on the ~ndebtednecs curcd hereby, and pa~d by t6e mat~a6ee, o~ehou~ re`ard to any IaW Aeretofore enacted a Aerea(te~ io be enacted impos?ns ~syment o: the ~hole or any ~art tAeroot upon the 11Mrtea~ta (dl To pay all and s~n~ulsr thc costc, char~es and espenaes, ~nclud~n~ la~rers' fees snd sbstr~ct costs reasonably ineurced or pa~d a~ any +~mr Ay th~ Mat~ta~ter becau.e o( the (ailurt oa ~he part of the Mwtp~or to per(orm, canply v~th and abide by tach and avery ~he supulahons, a6reements, cond~hons and covenants of sa~d prom~ssory note and th~s deed, or e?ther, aod every such'payment sha}! bear ~ntrrest from ds~c at tbt ~ate of ten ~~OS) per centum pet annum. i le? It ~s (wther corenanted and a{reed by sa+d parties tAst in tht eYent ot a suit be~n~ instituted to [oreclose this mortRsse, the Mort- - assee shall be entilled to apply at any I~me pend~ns such toreclosure suit to Ue court 6avins junsdict~m therebf ta tAe appo~ntaeen~ t o( a rece~rer of all and sinaulsr the mor~~a~ed p~opetty, and ot s1I reats. ~ncomes, profiis, +~sues and revenues thereo(, trom ~hatsoever j .,wrce denved; and thereupon ~t is hereby expressly coren~nted and a~reed tAat the Court shaU forthrith ~ppoint SUCA ftCQrtf WIIII the usual powetc and dut~es o( receivers in like caaes; and sa~d ~ppointment sh~ll be made by tht court as s matter of strict ri~ht to ihe M«~~a~ee, and v~~Aout re(erence to the adequacy or ~nadequacy of the value of ?he property hereby mat~a6ed, or to ihe colvency ~K ~nsoltiency of ihe Mortsa~ors w any other psrty defendant ~o such su?t. The Mortsa~or hereby speci(ically raives the n`ht to ob~ect ~o the appo~ntment o( a rece~ver as sforesa~d and hereby espressly consents that sucA appo~ntment shail be made as an admitted equ~ty ; and as a matter o( sbcolute n~ht to the MottLa~ee sed tAat the ssme ieay be done ~r~~hout notice to the Mort~a~or. f It) If foreclosure proceed~np should ~e ~nsututed assins~ the property covered by th~s mortq~e upon snr othet I~en a cla~m whaher ~ .Ileaed to be super~a ot ~wior to the I~en of thia mort~a~e, the 1Aort~a~ee may ai his option immed~~tely upon ~nstitut~on of such su~t nr dunna ~he pendency thereot declare th~s mort6a~e and the indebtedn~ss sec~red hereby dut and psyable forthr~th and may at it~ upnon proceed to fatcloar thia matjase: _ . (~l Th~t the Mortpsa rill keep sll real and personal property nor or herea(ter encumbered by the I~en of this m«tsa~e insured ac may nc requi~ed tran time to time by the Mort~a~=e aq~nst loss Dy (~re, rind~~am and other hazards, casualt~es and conun6enc~es (ur such pc~~ods snd ~or not less than such amounts as ieaY be requ~red by ~ht Morlsaaee and to pay promptly rhen due alt prem~ums (or such rosurance. 7be amounts ot Insurance requi~ed by the Mort~s~ee sAall be ~he min~mum amounts for wb~ch sa~d ~nsu~ance ~hall be wntten ! and ~t shsll be ~ncue~bent upon the Mort~a~or to mainuin such add~t~on~l msutance ~s may be necessary to meet and comply fully Y~th atl co-msurance rcqu~remeets conta~ned m sa~d policies to the end tAat tAe s~~d Mortsa~or ~s not a cwmsura thereunder.lnsunnce ° shs11 be wr~iten by s company or compa~~es appoved or des~~nated by tAe Mort~s~ee and all pol~c~es and rene~rils theteo( shall be held by the Matptet. All detailed des~~nsi~ons by tbe Mwt~a~or +h~ch are accepted by the Mort~a~ee aod alI yreasents betreen Mwts~~or artd Mort`a~ee rel~t~n~ to insurance, no.r eais~in~ or Aereafter made, sh~ll be in rnt~n~ and sAall be a part of this mort~~~e a~ttement ~ as (ully a~ thou~h sc~ (ath verb~t~m herem snd sh~ll ~overn botA parties hereto and t6e~r successors and assi~ns. (Yo lien upon any of said pol~c~es of ~nsurance or upon any refund or return prem~um w~heeb may be piysble on the cancellauon or term~nation thereof~ shall be ~~ren fo otAer ~han the Mottjasec, except ~y proper endorsement affi:ed to sucA pol~cy and approved by Mat~a~ee. Each pol~ey ot 3 msursnce shall have affi:ed lhercto a Standud New Yotk Mortsa`et Cl~ust Whhout Contnbut~on, mskins al) loss or lossea un~ier ~uch pol~cy payab~e to the Mort~a{ee as ~ts interest msy apptar. !n ~he erent ~ay sum ot sua~s of money 4tcane paYable thereunder the ~tor~- " x+iec shall have the opaon to rece~~e and ~pply the ssioe oe aceount o( the mdebtedness Aeceby secwed, or to perm~t the \1nr~EaE~~+ ; ~o rece~ve and use it, or any ps~t thereo(, w~thout thereby wa~v~n~ or impainn~ any eQuitr. Gen, oi njA~ under and Ay virtuc of th~. mutp6e. In evcnl of Ms• or phys~csl dam~sc to tAc mortsa6ed ptoperty the Mort~~Eot sh~{I d~ve ~mmednte noUCC 1herc.~f by rra~l thr L1.rrisa~er ::u! !Ac ~1~rtRa~tet mav m~ke ~xn,~( uf In~~ ~t th. ~amc :a no~ maJ~ prump~ly by fhe ~lwtda~a. (n even~ of (ute~i~..ure o( ' ~ ~~~~K2~6 PAcE148(~ ' ~ - - - } _ . . . . _ U rs', ~'t+- _ ' ~~-~C'`-vn~,~,a~~..a9~.T r.~. . - " ~L". a'_ . . _ l Y.,.rz ~`zn ~...~'~~-°Y_:.S~a