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PROVIpEI1. ALWAYS, tha~ ~f the ~1o~t~a~or shall pay unto the tlort`a~ce the ~ndebtedncss ev~Jrncad by a
cttta~n ptom~~aury note ~f wh~ch the follow~n~ in words and fi~utcs ~s a trua copy to-Nit~
s 1,b25.00
Fort Pierce, F~a;d, June 28, 73
FOR VAI.IIE RECEIYED romise tu a
' io ~he o?d~r ~t _ FRANK BACH , I WI P ~ Y
the prmcipal sum of ~~jE THO_jj,5~~]p SIX HIJNDRED~WENTY_FIVE 8RC1 , C, together with intercxt
theteon (rom dat~ at the ~ate of ten percent, pe~ ~onum until matu~ty, both prin~ipa) ~nd '+ntertst bei~ payable in law(ul money uf
16e ltnited ~tate~ ~t 2241 Biscarne Blvd., M~~mi, Florid., vr at auch othe~ place as the hotdets heteof m~y de~ign~t~ in wntin~.
Principal and intcrrst payable in in~uilments u follows:
FORTY ($40.00) DOLLARS per month beginning on the lSth day of
August, 1973, and continuing on the 15th day of each and every
, month thereafter until paid in full,
This note may Se prepaid ~n whole or in part aftet one year from ihe date hereof upon payment oi a penalty equivalent
to five percent o~ :he pnncipal sum p~epa~d.
E~ch imtt!lmtnt payment •hall be ~-r~dit~d f~n~t on the iaterrst due, and th~ rnm~inder on principal; and intrr~.t .hatt thrrr-
upun «au up~~n th~ pnneipal so ~redited.
,lull b
hbrou~ht for the oll
ction hereotto~ the sam~e
hai o be colect~d upon~demand ot an ~ttomey, to pay rea~onabl~ attornev,~
trr. for makin~q ~uch eoUection ,
D~f~n~d paymenta h~teunder ehdl b~ar interest at thr nte of ten penent per aonum from m~turity until paid.
1'hi+ not~ ia rccurrd by ~ mortgage of even date hc~ewith and is to be conetrued and enforeed aecording to the I~ws of the
~tat~ ot f`lnr~dt; upon defanlt in the p~ymcot of principa! ana/o~ interetst when due, the whole eum of prta~ipal and inttrest
irmainin~ unpa~d sha11, at the option of the holdcre, 6c~ome ~mmediately due and payaWe.
~
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t
(SEAL
ar~J ~hall perfnrm, axnply with and abide by each and every the stipulations, agreemenis, conditions and cove-
nants of taid promissory note and of this deed, then this deed and the estate thereby created shatl cease and be
null and void.
1. The Mortgagot hereby covenants and agcees:
lal To pay all and ~~neular thc a~~c~w~ and ~nterest and other swoc of mortey payabte by v~rtue of ss~d prom~ssay no~e and ?his
deed, or euher, promp~Iy on tht days respec+rrvely the same severslly becanes due.
lol 7o permu, camort or suf(er no iraste aod to msmts~n ~he ~mpovements at all hmes ~n a state o( sood tepair and cond~uoo, and to
do « perm?~ ~o be done to sa~d ptem~ses ooth~n~ that ~r~ll alter w cAan~e t6e use snd chatattet of sa~d ptopetty ot ~n any rray ~mpau or
reaken the secur~ty o( this mortpte. And ~n case o( the refusal, nettect ot mab~Gly ot the Mwt=saor to tepair ar.d ma~mam s~~d proper.
~y, ~he ?forttaiee msv, at h~s opt?on, make such repairs or cause the same to be made, and advance moneys ~n that beh~lt.
(c) 7o pay all and `~njulu the taaes. sssess~nen~s, lev~es, liab~l~ties, and oDliq~~ons of every nature oe sa~d deseribed property each
and ererY rhen due and paY+01e accord~n~ to la+r, betae they become delinquent, aad to deliver to the Mortsa~ee on or before MarrA
IAh of e~ch year taa receipts er~dencm6 ~he payment o( aU la+tully ~mposed tsaes tor the preced~ns calendsr year, to ~ndemm(y ~he
~~a~a« ~D~ his Jemand fw all taaes, a.sescments arr! cbar~es that may be sssessed upon ~his mortsa~t on tht ~ndebtedness n••
cu~ed hc~eby, and pa~d by the mortsaaee, w~thout re~ard to any lav heretofore enacted or heres(ter [o be enacted ~mpos~na paymen~ o:
~he ~.Aolc or any ~+art tAereot upon the !1lmtaaaea.
i (d1 To pay al! and ~msular tAe costs, cAar~es and e:pen.ces, mclud~n~ lavrrers' tees and abstract costs reasonably iecuned nr pa~d at
eny umr hy ~he MatEaaee becau.e ut the t~~lure on tAe part o( tAe Mor~ea~or to pe~form, comply w~th and abide by each ~nd every tAe
i .t~pul~tioes, a6reemenl~, cond~hons and covenants of sa~d proeussay note and tl~~s deed, or e~thtr, and erery such~paYmenl shall bear
j ~nterest trom date at the rate of tcn (~0'G) per centum per annum.
E
; Ir) It is (urther covenan~ed and a~reed by sa~d parues tA~t in the e~ent ot a suit bems ~nsawted to (aeclose th~s mat~ase, the ~1«~-
~ ea~ee shall be entitled to apply at aer ume pendin~ such fortctosure suit to tAe court havin~ jwtsd~etion tliueof fa the sppm~tmen~
j o( a rece~ver o( all and sinsular the Aort~st~d property, and ot all rents, incomes. protits, ?ssues and revenuea thereof, from Nhatsoc~er
~ .~wrce denred: and thereupon ~t ~s hereby exp~essly covenaeted aM a~reed that ~he Coutt shsll (ortha~th appomt such rece~~er w~~h
; the uswl po~re« and duues of rece~vers in iitt uses; snd sa~d •ppomteeent shall be made by the coutt as a malter of suict ri~ht to
~he Ntx~saset, and ~~thout reference tu the adepuacy a ~nadequacy u( the ralue ot the property hereby moctpsed, or to ihe colvency
! nr ~nsolvency o! the Mwt~a~ors or any othet parly de(endant to such su~t. The Mortsa~or hereby specJ~cslly Yraives the t~sht to ob~ect -
f ~o the appom~ment of a rece?ver a~ aforesaid aed hereby expessly consents that such appo~ntment shall be made as an adm~tted eQo~ty
! •nd as a mstter o( sbsolute r~~ht to tAe Mortp{ee and th~i the same msy be done r~tAout notict to the Mort~a~or.
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If 1 ~f foreclosurt p~ocetd~n~s should bt instituted a~a~nst the propetty covered by th~s nartp~e upon any other litn a cla~m rhelAe~ +
~ •lle6ed t~ be supenor or ~untor to the I~en o! this mortj~~e, the Mort{a~te may at h~s opuon ~mmedutely upon insdtuuon of sucb su~t '
i
ex dunn~ the pendency thereo! declart lhis motts~je •nd tht ~nde~tedness secuted hereby due and psYable totth~r~tA and may ar ie~
op~ion proceed to (aecloae this matsa~e.
~ Isl That ihe Nort~s~or v~ll keep all real and personal properiy no~r a herea(ter encumbered by the I~en ot this mortRase iosured ac may
required (tan ua~c to time by the Morlsa~ee a~a~nst ioss by (~re, wmdstarm aad o~hu Aszuds, cssuah~es snd c~uneenc~es for such
pcr~ods and (a not less than such amounts as m~y be requued by the Morlsa~ee and to pay promptly When due all prem~ums ~or sucA
~nsurance. Tbe amounts ot iasurance requued Oy tAe Nort~a~ee sAall be the min~mum amounts (or wA~ch sa~d inswance yhalt Cr wrrtten
and ~t shall be ~ncurobent upon the Mort~~tor to ma~nUin such addiuanil ~nsurance ss may be necessary to meet and comply (ully +~ith
f aI1 cwmsurance reqmraeents contained m said poGeies to the end that the s~~d Mortp~or is no? a co-msuror tAereunder.Insurance
shall be .rntten by ~ casp~ny o~ compamea approved or des~~nated by the Morep~ee and ail pol~cres and rene~als thueot shall be held
by [he INatp~ee. A!t deailed desi~natloas by the Monjaaw ~h~ch are accepted by the Mort~a~ee and all asreements bet+reen Mwtsa~a
and Mort~a{ce rN~t~n~ to maur~nce, no. uutm~ or herta(~er made, sh~ll be in ~rntm~ and shall be a parc of ~h~s mortts~e ~~reement
~ ss (ully as thou~h set t«th rerbaum herem and sAall ~overn botA part+es hereto and their successws and ass~sns. No lien upon sny of -
~ sa~d poGues of ~nsursnce or upoo any re(und or return prem~um ~hich nuy be payable on the caacellauon or ~erreinat~on thereot, shall
' be ~~ven to other ~Aan ihe Mortja~ee, except by proper endorsement aff~aed to such pol~cy and approved by Mortq~ee. Each poi~cy of
f msu~ance shall hs+e afAaed thereto a Standa~d Ne~r Yak Morisa~ee Gause r~thout Contnbuuon, mskm~ all loss or losses unJer +uch
i pohcy payable tu ~Ae Mortp~ee as ~ts ~Merest may sppear. In the erent ~ny sum or sums of money Decome psyable ~hereunder the ~ton-
~ Ka~ce sh~Il have ~Ae opuon to rece~ve and spply the same on sccount of tAe ~odebtedness hereby secured. a to perm~t the Nnr~~aRn:
' so receivt and nse ~t, o~ any parl thereof, rilhout theteby va~v~n~ or lmpainn~ any equ~ty, lien, or n{ht unJer and by vuwc o( Ih~.
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rtwrt~~6e, lo erent of los+ or phys~cal dama~e to the mor~~a6ed property tht Mort`aE~ sh~ll ~~re ~mmed~ate ~ot~ce ihercuf by rr.a~l 1~~
; ~Ar lturt`aser ~nJ ~hc ~t~r~~+Ete mav makc p~u~,f uf t~~.. i( th. ~amc i. not m~dc' ptump~lY ~+y the 1lwtaaia. !n ereM of (iKC~l~~.ure of
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