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PROVIDEII, ALWAYS, that if the ~1ort~a~or shall pay unto the lbrtta~ee the ~ndebtedness aviJencrd h>• a
~t~ta~n ptom~~aoty ~ote of which the followin~ in wa~ds and (i~u~es ~s a true copy to-wi1-
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~ s~i475,~~ Fort ierce, F~,~;d; July 7, _~.~_73_
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FOR VALUE RECEIVED WE. iointly and severally, promise eu pay
~o the order of IRVING KARP AND RIJTH KARP HIS WIFE
the n~ci 1 sum ot EIGHT S H TY-
kr P M N~ . . together with intercst
; thereon (wm date at the nte of ten perceot, per aenum untit maturity, both principal and intenat bein~ payable in lawful moncy uf
f the United Statn at 2244 8i~cayne Blvd.. Alismi, Flweda. or at auch other plsce as the holdera hercot may dcaignate in writin~.
~ i.~ Principal ued interei! paysble in iniWlments u follows:
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ONE HUNDRED SEVENTY-FIVE ($175.00) DOLLARS per month beginning on the
15th day of October, 1973, and continuing on the lSth day of each and
` every monCh thereafter until paid in full.
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; This note may be prepaid in whole or in part a(ter one year from thc date hereof upon payment of a penalty equivalent
~ eo five percent of ihe principal sum prepaid.
~ Fach in:tallmrnt payrnent ah:l) be credited Grs! on the interesi due, ind the remainde~ on principal; and intrr~~t ~ha0 thrrr-
~ ~pon cease upun the principa~ so credited.
' 'f he make~s and endonera of this note futther agree to waive demand, notice of aon-payment and protest, and in thr event xuit
~{ull be bwught for the cotlectioe hereoi, or the same has to be collected upo~ demand ot an attomty. to pay rea.tonable attorney'~
_ irr. for making such copeetion.
~ Deferred paymenta heteunder ehdl bear interest at the rate of ten percent pe~ annum iwm matudty until paid.
1'his note u ~ecured by a mortg~ge of even date herewith and is to be construed and enforced according to the laws af the
~:,i ~ ~tate of Ftorid~; upon default in the payment of principd tnd/o~ intc~est when due, thc +rhole sum of prin~ipal and interest
- maining unpaid ahatl, at the option of the holdera, become immed'utely due nd payable. . ;
: ~ ; ~f c- ~ : y-u ~ ~.,C G
j--' . -~-y~~'` (Seal) ?72--7' l (SEAL)
= ~ ~ His Mark (Seal) ~ (SEAL)
ar i Ferguson
ar~d ~hall perform, axnply w~th and abide by ~ach and evtry the st~pulations, agreements, conditions and cove-
nants of said promissoty note and of this deed, then this daed ancf the estate thereby created shall cease and be
null and void. _
l. The Mortgagor hereby covenants and agrees-
(a) To pay all a~d s~n~ular the princ~pal and ~nterest and othrr sums of moncy parible by rirtut ot said prom~ssay note and th~s
deed, or e~ther, proa~pdy on the daYS respec~~rely the same severally becomes duc.
tb) 7o perm~t, caam~t w suffer no ~~ste a~d ~o roanam ~he ~mp~ovements st all Umes ~n a state ot ~ood ~epa~r snd cond~uon, and to
do « perm~t to be done to sa~d p~em~ses no~hm~ tAat ~rJl alter or chan~e ~e use and ch~escter ot said properly o~ in any ~ray ~m~~r w
~eaken the securuy ot tA~s mott~s~e. And ~o case of the refusal, ae~lec~ or insbitity o( tl~e Mort;s~or to repart ard ma~nu~n said proper-
ty, ~he Matjssee mav, at h~s opuon, mate such tepaits or cause the same to be m~de, and advance rooneys in that beh~lt.
lc1 7o pay all and ~~n~ular tAe U:es, assessmen~s, tev~es. l~ab~l~ties, snd obliptions ot every nature on s~id desctibed property each
and every ~rAen due snd paysble accord~n~ to lar, be(ae they becomc deliaqven[, sed to deliver to the blattstee on or be(ae March
lS~h of eacA ycar taa rece~pec ewdencme the psymen~ ot all lawtully ~mposed uxes for tAe precedin6 calcndar year, to indemndy the
AI«tsa~ee upon his demand for all ~a~es, a.ses~ments snd charses that may be assesscd upon this mortea~e on Ne ~ndebtedntss
~ cured hereby, and ~+a~d Dy the mwt~a~,ee, .uhoW re~ard to any Isr heretofore enacted or hereafter ~o be eaacted ~mposms ~ayment o:
the rhole or any ~art ~Dereot upon the A1~rtta`ee.
Id) To pay all and s~nsular the costs, char~es and expenses, ~nclud~e6 laryers' tees and asstract costs teasonably incurred ix paid a~
' any ume by thc AtortEaaee becau.e o( the fadute on ~he part of the Mot~~a~ot to per[otm, comply ~r~th and ab~de by each and every the
.upul~uoes, aareements, cond~t~ons and covenants ot ssrd pran~ssory note snd th~s deed, or eitder, and every sucA'payment shall 1u~r
~ mtcrest tian dale al the rate of ten 110L) per centum per annum. ~
tc) It ~a (mther covenanted and a~reed by said parues that ~n the event ot a suit be~n~ inst~tuted lo toteclose ih~s mott~a~e, the Mwt.
~ ea~ee ~hall be enutted ~o app{y at aey ua~e pendin~ such fo~ectosure suit to tht court darins jur~sdiet~m thereof (or the appom~men~
~ of a rece~ve~ of sll and sinaular tAe ieortsa~ed properly, and o( al! rents, ~ncomes. pofits, Issues and rerenues thereot, from whatsoever
f cource denved; and thereupon ~t ~s hereby eiptessly covenanted aod a~reed th~t the Court shall fwthwith ~ppoint sucA rece~wer vuA
the usual poret~ and duhes of receivers in likt cases; and sa~0 appantmenl sh~ll be eudt by the court ss ~ ~eattet of stric~ n~ht to
ihe Norts~sec, and .ruhoul reterence to the adeqwcy ot ~nadeQwcy ot the ralue o( the proper~y hereby eaortpRed, a to ~he solvency
ur msolvtncy o( the Mort~a~ors or any o~het par~y defendant to such s~~rt. The Mortss~ar hereby specd~cally waires the n=ht to ob~ect
i ?o the appomtmcnt of a rect~ver a~c afpesa~d and hueby z:pressly caesents tAat such appo~nuaent sh~ll be ~ade as sn adm~tted equ~ty
and as a mstter ot absolute n~lf1 to thc Mortp~ee and that the same msy be done ~ruhout notice to the Mwt~a6or-
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(f 1 I( (orecloswe proceedio{s should be ~nstituted ~sainst the property corercd by th~s aort~~e upou sny other I~en ar cla~m whether
~Ilc`ed to be super~or or jmia to the hen of this matsa{e, the Mortsa~ee may at h~s opUOn immedistcly upon mstuuuon o( ~uch su~t
or durm~ the pendency thereot dtclsre this raort~ase and the indebtedness secured hereby due and p~yable for~hw~~A and ma~ at
op~~on prxeed to fweclose tb~s mortta~e.
(~l Th~t the Mat{asor r~ll keep all real and personal poperty nor a herea(ter encumbered by the f~en of th~s mort6a~e ~n~ured as m~y
~ be required fran ume to time by the Afat~s~ee apm~t loss by (ire, winds~am and other Aa:ards, c~swlues and conun{enc~es fur wch
i per~ods snd tor not Itss than such aaaunts as nNy be requued by the Mortp{ee and to OsY D~~D~~Y +~hen due all prem~ums ~or such
~nsur~nce. The amnunts o( ~n~ur~nce requued by tAe Mortsa~ee shall be the m~n~mum amounts fw wh~ch saed ~nsurance sh~11 be vvr~tten
i and ~t shall be ~ncwobent upoa tht Alortp~a to mamisin such add~t~onal insuranct as may be necessary to o~ea and cumply (ully r~th
t all co-~~suraeu reqwrements eoetamed m said pol~cies to the end that the ssid Matsasor is no~ a cwmsurot thereunder.Insurance
` shsll be rntten by ~ company ot compan~es approveA w des~~e~ted by the Mort~ssee and al! pol~cies and rene~r~la ~~ereoi xhall be Aeld
t by ehe M«~piee. All detsiled desisnat~ons by ~he Mor~~a6or rh~ch are accepted br the ?lort~a~ee and all ssreements be~w~ten Morti~[a
and Mor~s~ec rel~~m~ to insur~nct, nor ea~stin~ or here~f~er msde, sA~ll be ~n rritm~ •nd shalt be a psrt of this n~ort~ase aLreeanent
f ss tullr as thou~h set (aU? verb~t~m hcrt~n and ahall ~overn both parlies Aereto and the~r successors and sssi~ns. No lien upoe sny ot
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"s s~id pol~c~es ot ~naurance or upm aay re(und or return prem~wn ~hich m~y be p~y~ble on ihe cancellat~on a~erm~n~iion ~hereot, shall
' be ~~ren to other ~han ~Ae Irtott{~~te, eacept by proper erdorsement affiied to such poiicy and ~pprored by Moripset. EacA policy ~f
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~nsurrnce shall have sffutd tAetelo a Standud Ncw Ywk Mor~ssjet Cbuse ~r~thout Contnbuuon, mak~n6 all Ioss ot losse~ under ~uch
pol~cy payable to the AAottaa{ee as ~ts ioterest may appeu. In the e~ent any sum or swns ot money becomt psyable thereunder the ~Mri.
- Rasee shall Aave the opt~ae to receive and •ppty tAe samt on sccount o( tht ~ndebtedness hertby secured, or to permil the \1ortEaR.~r
to recc~re and use it, a sny part thereof, without tAerepy ~ra~v~n~ a ~mpauu?~ any equ~ty„I~en, a n~ht under snd Ay vuwc o( ~hi.
mort~a~e. In evem of Ioas w phys~cal d~ma~c to the mor~sa6ed property the S1mtpEor sh~ll E~~~ ~~~dute noUCe thercu( by ma~l a~
_ tAc ~,4irt~ader. ~rn1 thc A{or~RaEtt maY make ~uuuf ut lo+. if ihr cimc ea not made prumptlY Dy tht ~latda~a. In tvent o( I~xe~lo.ure nl
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