The URL can be used to link to this page

Home My WebLink About1158 ' ~'~`s 1 r ~ ~.1 . . V • • • ~ + ' F'RAYIDEf1. ALWAYS, lhal if the \lott`a~ot shall pay unto the \1ort~a`re the ~ndcbtedness tviJenccd hy a ~trta~~ promi.aoty nole ~f wh~ch the follow~inl ~n words and fi~ures ~s a trua capy to-w~t~ ~ ' s 5,050.00 Fort ierce, fl~;a, August 2, ~~_73 FOR YALUE RECEIVED I pwmise tu pay to the o?de~ o~ ALEXANDER W. . ~ E theprincipalaumot FIVE THO(j~ANp FIFTY AND [i0 Ol Q___-------- pOLL4RS,tog~thcrwithinterest ~hereon (tom date at the nte o( ten peseent, per annun? until matu~ity, both principd ~nd i~teteat bein~ pay~blc in lawful moner uf the United 5tata at 224~4 Biic~yne 81vd., Miami, Florid~, or at wch other p1~ce u the holdees het~eof m~y design~te io writin6. Principd ~nd intecrat payablE in in~Wlments a~ fdlowr ONE HUNDRED FIVE ($105.00) DOLLARS per month beginning on the 15th day of October, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be ptepaid ~n whole ot in put a[tet one ye~r ftom the date hereof upon ptyment oi a penalty equivalent io f~ve petctnt of ihe principal sum prep~id. Erch in.t:llment payment shall bc ~ndited fint on the interest due, and the remainder on principal; and intrrr•t ~hal) thrrr- upon ~ease upon the pnncipa~ so credited. Th~ make?s and ~ndorsen o( this note further a~ee to waive demand, notice of non-paYrnent and protest, and in thr erenl auit ~hal! be bmught for the cdlettion hereof, or the aarne has to be coUected upon dem~nd o[ an attorney, to pay rea.wnable attomcy'~ frr, tor mskina auch eollection. De(errcd payments heteunder shall bear interest at the t~te of ten pereent per annum fwm m~tucitp until paid. ~ 7'hi. not~ x necutrd by • nart~e of even date herewith artd is to be corutrued and enforced according to the I~ws of the ~tatt of Florida; upon detault in the payment oE prineipd aodlo~lint_ereat when due~ tbe whok~sum o( prineipa and. ioteres ~ r*ma~nin~ unpaid ahsli, at the option of the hotde~, beeome immediNel ~dut and " e% -V. i, t•'~d~t~^ L) f / ~ ~ ~ (SEAL) _ ar,J ahall perfnrm, cumply with and abide by each and every the stipulations, agreements. conditions and cove- nants of ta~d prcxnissory note and c?f this decd, then this deed and the estate thereby created shall cease and be null and void. t. The Mort6agor h~reby co~enants and agrees~ (a) To pay all and sinaular tAe prmcipal and mteres~ and othcr sums of moneY D~Y~ble by v~rtue o( sa~d prom?ssory note aad ~h~s deed, o~ e~tAer, poa~ptly on ~he daYs reapec~~vely tAe samt severally becomes due. IA1 To permu, caram~t w satter no ~raste a~d to ma~ntam tAe ~mproremenis at all umes ~n a state of 6ood ropa~r and condrt~oa, and to do ~x perm~~ to be doee to sa~d prero~ses notA~as that .~ill alter oa chanse tl~e use and ch~racter o( sa~d property or in any vay ~mpa~r or rcaken che sc.ur~ty of ehis mort~ase. A~d m case of ~Ae retusal, ne~lect ot mab~l~ty of the Mort`aEor to repair aed mainta~n s~id proper- ~y, ~he Llortpsce mav, at his opt~on, make sucA repaus or cauce the same to be oade, and adrance moneys en ehat behalf. (c) To paY s~~ ~~+d a~n~ulu U~e u:es, assessments, te.~es. I~ab~hties, and obGpuons o! e'rety nature on said descnbed property each and every ~r6en due snd paYable accad~na ~o laa, be(ae ~hey become delinquent, and to deliver to the Mottaa`ee on or before March IAA of eacs ycar ta• receipes er~dencros tAe payment ot af1 la~rfullr ~mposed taxes tor tAe prectdms ealendar year, to mdemm/y the ~brt~asee upon his demand tor all ~axes, a.sesamencs anJ charscs tha~ may be assessed upon th~s rr.ortaaae oo the indebtednecs .wed hrreby, and ~+a~d by the ~aort~atee, .~thout repr6 to any I~. heretota~e enacted a here~fter io be en~cted impos~na nsyment o: ehe .hole « any ~.srt thereo( upon the \1.xt6a~ee. Idl To pay ail and ~31D~YIa[ the costs, char~es and eapences, ~nclud~n~ Iavyers' fee. and abstract costs reasonaAly incurred M paid ai eny ~~mc Ay ehc \1ortEs6ee becau.e o! the ta~lure on ~Ae part ot the Nwtp~or to per(orm, comply vitl~ and ab~de by tach and rv~ry the ~uM:l~uons, a6reementc, cwd~hons and covenan[s ot sa~d prom~ssocy note snd th~s deed, ot t~ther, and every such~payment shall bear =n~rrcst (com date at the n~e ot ~cn UOSI per centum pe~ annum. t~l It ~s fu~iher covenanted and a~eed by sa~d parues thae ~n the erent ot : suit be~ns ~nsuW~ed to fwrclose w~s m«~a~s~, the ~I«i- 6aiee ~hsl1 !.e entitled to spply at any t~o~e pendint such toreclosure ~u~t to the court havin~ jurisd~et~on thereof for the appo~mmen~ of a rece~ver of all and sin`ular the aor~aased propertY, and of alt ~ents. ~acanes. prot~ts, ~ssues and revenuec thereof, trom ~rhatsoerer .~wrce denved: and thereupon u~s hereby esprtssly corenanted aad S~reed ~hst the Court shall (orthrrtl? appomt such recerver with tEe u~ual po~rerc and dut~es o( recei~ers in like case~; aod sa~d appomtment sh~11 be made by the coutt as a matter o( stric~ n~ht to ~hc ~{ort~atee, srtd ~~tAout reterence tu the tdequacy a~nadequacy uf ihe ralue of the property Aereby mottsa~ed, ot to ~he colvency or msolvency of the Morep~as a any otAer psrty de(ctKlant to such'suN. The ~~or~saaor hereby spec~t~eslly raives the n`ht to ob~cct :u the appo~ntment of a receirer a~ sforesa~d and hereby eap~essly coosents that such appomtment shall be reade as sn admuted equuy and as a iaatcer of sbsolute nth~ to tfie Matpsee snd tha[ ehe sarae maY be done w~thout notict to tAe \}ottssjor. 1() If (oreclosure proceed~n~s should be ~nst~tuted a~aiast the property covered by th~s wortsase upon sny other litn a cla~m rhelher •Ue6ed to be supenor a~umor to tht I~eo of th~s matp~c, the Mottp~et may at M~ opuon ~mmed~ately upon ~nautuuon of ~uch su~i cx durm~ the pendency ~hereot declart th~s mo~t~a~e and the ~ndebtednrss secured hereby due and paysble t«thr~th and may .t r.. oDhon ptocted lo forecioae t6~s mortpse. , (6I That ~he Mortp~ot r~ll keep all real and personal property nor o~ herea(ter encumbered by the I~en o[ ih~s mort6a~e ~nsured a~ m~y be requ~red tros ume to ti~ae by the Mort~a6ee a~a~nst loss bp 4re, r•~ndx~am and other huards, caswlnes and ci+nhn~enc~e, tur cuch per~ods aed tor no1 less tAan such aawums as way be requued by the Mort~a~ee and to qy promptly when due al! prem+ums Jor sucA msursnce. The amounts ot ~niwance requued by the Alortsajee sdall be the m~mmum •mounts fur ~rh~ch sa~d insurance shall be vnttrn , and it chatl be ~ncumbent upon the Mortp~or ~o m~muin such addiuonal msurance as may be nece.sary to meet and comply fu11y Wuh all co-~nsurance reQu~tewents conts~ntd ~n sa~E po(~uts to the end that the sa~d AlortpEa ~s not a co-insuror thtteunder.lnsurance shail be rntten Ay s coapaay ot toapan~es approved or des~~nated by the Mort~a~ee and sll polic~es and rcne~rals t~treof shsll Ae Aeld ~y ihe Mat~asee. All dt4iled desi~nahons Ay ~he Mort~ssor which are accepted by t6e Mort~a~ee and all asreements bet~een Mortp~or and Mortp~ce rclahn~ ~o ~nsur~nce, no. c:isun~ or herealter made, sAs11 be in ~rnunj and shall be a part o( tAis matpje a~reemeet ss tully as Ihou~h set tarth verbat~m herem and. shall ~orern both parhes htreto aed their successors ~nd ass~~ns. No Gen upon any o( sa~d pnl~c~ea of ~nsurance w upan any ielund a return prem~wn rrh~ch ~y be p~Y~bte on the cancellation or termma[ioo thereof, shall be ~iven to other ~Ain the Mat~a6ee. eacept br proper endorsement sff~acd ~o s~cA pol~cy and approvtd by Ma1~a~ee. Each pol~cy nf ~nswsnce shsll har~ af(~sed ~htre~o a Standud Ne~r Yak lUortsa~ce Cl~use r~thout Contr~but~on, msk~ne all loss or loase~ under ~uch pol~cy payaple to ~he Mortp~ee ss ~is ~nterest may sppesr. In e4e event any swn or sums a! money becawne psrab)e tAereunder tAe 11ort- R+6ec ~A~ll hare tbt opUan to rece~YC •nd apply tbe saiae on account o( tbe ~ndtbtedness hereby secured, ot lo perm~t the \1nrtEa~or !n rece~re and use q. a sny pan thcrcof, r~thout thereby ra~vm~ or ~mpau~ns any equ~ly, hen, or n~At unJcr and hy v~ttuc ol th~. mcxtp~e. !n erem of loss or pAysi.al dam~E~ to the morteaged poperly tht Sfortas~tw sAall ~trve ~mqed~~le OoUct Ihercuf by m~~l thr ~1wtp6cc ~nJ the 1kxIR~(tet may makc pru~,f u( 1~,.. th. .amc i~ not maJe pt~mptly by the ~1or~da~a. In evcm n( I~e~l~.•urt ot 8~:~:~~ ~ ~~J ~ - ~ ~:r ~ ~ ~n~ ~~?._r _ - , _ ~ ~ w,_~.~<t~-~-~: