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Home My WebLink About0402 la'~ t PROVIDEf1, Al.1AAYS. that if the Mott~s~ot shsll pay unto the 1~1ort~a~ee the ~ndebtedness evidenced by a cert~in p~omissoty note of which the followin~ in words and fi~ure: is a true copy to-w~i. ~A~ij~6 xO~ r s 4,.325.00 ~Qrt Pierce, F~~;d. August 9, ~~73 ` ~ef opRH ~,~g R~~R~p WE JoiRtl and Several l prom~ co p.r ~ to ehe o ~RBER . the principal sum ot THOUS N THR ~ L. , ogethet with intetrst i thcreon twm date at the nte o! ten percent, pet annum until maturity, both principal ~nd inte~t bein~ pay~ble in law(u) money uf ~ the United ~tates at 2244 Bi~cayne Blvd., Mi~mi, Florid~. ot at wch othet place a~ the holden hereof may deai6nate in writin~- _ Principal ~nd inteee~t p~yable in in~Wlmenti r tollowr > : NINETY-FIVE ($95.00) DOLLARS per month beginning on the lSth day of October, 1973, and continuing on the lSth day of each and every month therea~ter until paid in full. This note may be prepaid in whole ot in put after one year (rom the date hereo( upon payment of a penalty equrvalent to five percent of the pr~ncipal sum prepaid. Each in•tallment payment shall be credited Grst on the intereet due, and the remainder on principal; and intrrr~t :hall thrre• upon ceue upon the principal so credited. 'fhe makets snd ~~dorsen ot thiu note further aatee lo w~ive demand, notice of non•payment ~nd pwtest, ~nd in lhr cvenl ~uit ~tull be brought tor the collection hereot, or the same has to be collected upon demand o[ an attomey, to pay rcuonablt attomey's ~ (rra (or makin6 sueh cdlection. De(ened paymenb he?eunder shdl beu intereet at the nte oi ten pucent per annum irom matu~ty until paid. 7'hi~ note u acured by a n?ottp~e of even date hercwith and is to be construed and entorced according to the laws of the ~ ~tat~ of Fl~xid~; upon detwlt in the payment ot principd and/~~ interat when due. the whole ~um of prin~ipal and interest : ~rmaining unpaid shdl, at the optioti of the holden, 6ecome immediately d dand payaWe. ! ~ ~ ~ (SEAI.) ~`~0?.~i..c> C~ ~ ~ ~ . ~ !`ci~ IcLt/? SEAL) anJ shal! perform, comply w~th and abido by each and evety the stipulations, agreements. conditions and cove- nants uf sa~d prom~ssory note and of this deed. then this decd and the estat~ thereby created shall cease snd be null and void. 1. The Mott~agor hereby cuvenants and a~rees: ' (a) To pay all and smjul~t the pr~napal and ~nteres~ and other sums ot money Darible by v~rwe ot s~~d prom~ssory note ~nd th~s deed. or e~ther, pomptly on ~he daYa tespectirely the same severally becomes due. j (b) To perm~t, commu or su(fer no vr~ate a~d to ma~nuin ~hc improrements ~t •II dmea in a st~te ot ~ood repair and cond~uon. and to f do o~ pensit to be done to said prem~ses noth~ns ~h~t rr~tl alter or chan~e the we ~nd c6aractet ot said poperty or in ~ny rr~y imp~~~ a vc~ken ~he secunty ot th~s mor~tate. ~nd in case ot the refussl, ne~lect or ~n~bility ot the Mort~~~or to repair and m~inuin sfid ptoper- I ty, the bfort~s~ee maY. his op~~oo, make such repa~rs a cause tAe same to be made, and advance moneys ~n that beA~lf. i ~ (c) To psy all and ain~ulu the uaec, assessiaents, lev~es, lubil~tiea, and obliphons ot every nature on said described property each ~ and everr ~hen due and payablc accord~n~ to las, betae they Eecoa~e del~nqucnt, and to deliver to the Motet~~ee on or befote March ` ISth of each year ua receipts ev~dencin~ the p~)ment o( •11 I~~fully ~mposed t~xes for the precedin~ e~lend~r ye~r; to ~ndaenily the ~ Mottsa{ee upon h~s dem~nd (o~ all taaes, ~sseaaments ~nd char~es tdst m~y •ssessed upon this mort~a{e on Ne indeEtedness a•- r cured Ac~eby, and pa~d by the mort~~~ee, .~~thout rc~ard to ~ay I~~r beretotore en~cted ar here~tter to be enscted imposin~ n~yiaent ot the WAole ~ any ~srt thereof upon the Mort~a~ec. ~ (dl To pay all and s~n~ulsr the costs, char~es and eapensea, includ~n~ law~yeta' fees and abstr~et costs reasona~ly ~ncutred nr p~id at any ume by tAe ?lor~ta~ee because of the (~~lure on Ihe p~rt of tAe Mort~a~or to perform, camply v~th ~nd i~~de by e~ch and every ~he supulat~ons, a{reements, cond~uona aod corenanti of s~id p~om~saay note ~nd tAis deed, or e~ther, snd every such'p~yment shall be~r ~n~ercai (~ae d~te ~t the r~te of ten (10'1L) per centwn per annwa. . 4 (e) It ia further covee~nted ~nd ~~etd br s~id patttes ch~t in the event o( a su~t be~n~ ~tutituted to toreclose this mat~~~e, the Mort- ~ ~~~ee sh~l! be entitled to spplx ~t any time peodini such foreclosure suit to the court h~via~ juri~dictioe thereot (or the appointmen~ of ~ recei~er of ~11 and sin~rl~r the isat~~{cd property, and of ~11 renta, iecomea. profits. iisue~ ~nd revenue~ thettof, frao vh~tsoerer ~ ~ourec denved; ~nd thereupon it is n«<er eapresily coreaanted ~ad •~reed that the Court sh~ll torthrie~ ~ppoint auch receiver .~th thc uswl pmrers ~nd duues ot reccivera in like c~ses; and a~id ~ppoiniment aAall be ~de by the court ~s a m~tter of strict ri~At to the Mat~~~ee, ~nd ~itAout relerence to ~he adepu~cr a iaadequ~clr of the v~lut of the property Aereby mat~~~ed. o~ to the solvency ~ or ~nsol~enty ot the Mort~~ior• or •nr otAer p~rty dettndant to iuch suit. The Mat~~~or Aereby specitie~lly r~ives the n~ht ~o ob~ect ' to the ~ppoiat.ent of ~ receiver as atoresa~d ~nd heuEy eaproislr conaent~ t6~t iuch ~ppo~ntment sh~ll be sade •s ~n adm~ued equ~ty ~ ~nd u~ m~tter o( ~bsolute ri~ht to the Mortp~ee •nd tMt tAe s~me nur be doae ~rithout notiu to the Mort~~{or. ~ (f) J( forecloswt proccedin~s should be insatuted a~ainit the property covered by thu morc~~~e upon any other lien or cla~m rhether ~Ile~ed to be super~or a junior to the lien o( this mott{~~t. tht 1lortiaiet may •t Sia option immed~~tely upon instituuon ot such su~t ~ - or durin~ the pendencr theteot decl~re tAu mat~a~e •nd the indebtedness secured hereby due •nd p~y~ble (wthr~th •nd m~y at ~~s ~ option p~ocecd ~o faeclo~e tAu mort~~~e. a - Th~t the MortN~or ~ri11 keep all real snd personal property nov ot Aertafter encumbered by the I~en ot tAis mwt~s~e ~nsured as may ~ be requ~red froa ~ime ~o hmc by the Mwt~~~ee ~pmst loss by fire, w~ndstam and other hazsrds, caswlUes and conun~enc~es for such ~ ~ pcriod~ and tor not le~• 1A~n such ~wounts u~ay be aauired Sy the Mar~p~ee •nd to p~Y pranptly rAcn due •II p?em~wns for such msuru+ct. T'Ne ~aaunts of ~nsw~nee requ~rtd by the Motta~~tt aA~ll be the min~mwn ¦mounts tor ~rh~ch s~~d ~n~w~nce shall be w~nt~en ~ snd ~t ~h~ll be ~ncuiebent upon the Mort~~~or to e~a~nt~~n iuch ~ddiUoeul ~n~wsnce as m~y be necessary to meet ~nd comply (ully ruh ti •II co-maur~nce requiraeee~s coat~~ned in s~id oolicie~ to tAe esd th~t the ssid Mat~~iar is not s co.~niuror thereunder.lnsuance ~ ~hdl Oe .~nttea by ~ cosp~ny or cospu~~e~ ~oprored or des~~n~ted by the Mort~ssee •nd ~11 pol~c~es and renc.r~ls thueot sh~tl be helJ ~ ~ ~ ~recments ?etveen Mor~~ator i ~ by the Matp~ce. All deqiled dtsi~n~~~ons br the Mort s~or ~rhich ~re ~ccepted br ~he Mort ~~ee ~nd all snd Mor~~~~ee rN~hn~ to ~a~ur~nce, nmr eiistini or he~utter m~de, sA~ll be in ~ntin~ ~nd sh~ll be ~ p~tt of tA~s mort~a{e •{reement " 3; i~ (ully u thou~h se~ fath verb~um heran ~nd ah~tl {orern both psrtles hercto ~nd the~r successors ~nd ~ss~~ns. No I~en upon ~ny ot ~ s~ld pol~cies of ~nsurance or upm ~nr re(und o?return Otem~uai vrhich en~y be p~y~ble on the c~aesll~hon or term~nadon theteof, sh~ll ~ Ee ~~ven w oehcr th~n ~he Morq~~ee, ««p~ er <~aa,~A~~~ •tf~aed to sueA ooliey and qpoved by Mortp~ea Each pol~cy o( ~niur~nce •h~tl A~ve •t(~~ed sAereto ~ Se~ndud Ne. Yat hbrtp~ee Clwae •uhort Conuibui~oe, m~kin~ ~11 loss a losses under such ~5 policy p~y~ble to the Mwt~a{ee ~ts ~n~ereit m~y ~pPe~t. la tdt ev~et •ny suu a sums ot money becane p~yable tAereunder tAe ~1ort- ~ ~s~ee sAa:! h~ve the opt~on to rece~vr and •pply We s~~e on aeeornt of the ?ndebtedness hereby secured, or to ptrm~t the ~1or~~afnr ~s to recei~e ~ed use ~t, or any part therto(, r~thout therebr ~~ivin~ o~ imPnr~n~ sny equrty, lien, a n~ht under and by r~ttue of th~~ ~ nwrt~a{a In eveM ot lo~• w phYS~c~I d~su=e to tbe morys~ed property ~ht Mort~~~or shall ~ive ~mnednte notue thereof Ey rr.ail to ~ Me M«~~~~te ~nd the Mort~~~~e may m~ke pruot o( locs ~f the s~me ~a not msde prwnptly b~ ~ht !11ott{s~or. In t~ea n! !~~rc_Irt•urc n( r - ~ ~ooK 218 PaGE 402 ~ _ ~ _ " - ~ ~ ~ ~ ~ ~ ~ ~ x~~ ` } - - - ~KL