The URL can be used to link to this page

Home My WebLink About0406 PROVIDED, ALWAYS, that if the Mortgagor shall pey unto ~he Mortgagee the iadebtedness evidenced by a oertain pmmissury note of which the following in words and figures is a true copy tawit: ~aHN~~ ~ 4,825.00 Fort Pierce, F~a;d, August 23, 73 ; FO 1~ CEIV I ptomise tu pay ~ ~o aa« ~r~o~'~~ s~g the pnncipa) ~um ot FOUR THOUSAND EIGHT UN~RE~fS-'l~~'~-F~~E S L,. . to6eQthet with interest ~ thercon Irom date at the nte of tc~ pcecent, pe~ annum until matu~ty, boi6 principal ~nd intcre~t bein~ payable in lawful moner uf thr lln~ted ~tatea at 2244 Bi~cayne Blvd.. Mumi. Florida, w at wch other placc u the hddets heaot may dtsignate io writina. Principal and int~reat payabk in inaWlraents a~ tollow~: ONE HUNDRED TEN ($110.00) DOLLARS per month beginning on the 15th day of October, 1973, and continuing on the 15th day of each and every month thereafter untii paid in full. ' ~ 1 ~ Th~s note may be prepa~d ~n whole or in put sfter one year (rom the date hereoC upon payment oi a penalty equrvalent ~ to f~ve percent of ihe pn~c~pal sum prepaid. f_~ch ~n~tallment paynient shall be crcdited (irst on the i~ter~ot due, and the remainder on ptincipal; and intrrr•t rhal) thrrr- upon cease upun thc Pnncipal so ctedited. ~ Tha make~s a~d ~ndone~s of this note furthe~ agree to waive demand, notice o( non-payment aod protest, and in thr eve~t auit i ~I~all be brouRht (or the cdlection hereof, or the aame has to be collected upon demand o[ an attomey. to pay re~sonable altomey's fee. !or making wch collection. De(erred parmcnts hereunde~ ahd) dear intenst at the nte of ten pe~cent per annum irom mawrity until paid. z Thu not~ u ~ecured by ~ mort~e o[ even date hcrewith and is to be con~trued and enforced ~ccording to the laws oi the ~ ~tate of Flcxida; upon def~ult in the payment of principd andlo~ interat when due, the whole wm o[ prin~ip~l and interest rrma~nm~ unpaid shall. at tht option of the holden, become immediaiely and-paYa6k. - _ ( ~T~ i !d 0~-~t 2c~i (SEAL) I ' (SEAL) - . ~ and shall perform, rnmply wnt and abide by each and every the stipulations, agreements, conditions and covenants ~ of said promissory note and of this deed, then this deed end the estate thereby created shall cease and be null and void. 1_ The Mortgagor hereby covenants and agrees: 1~1 To pay all ~nd singular the principd aad intereat and other sucns of money peyaNe by ~~irtue ot eaid promi_+aory note and thi~ deed, or eitha. ptomptlr oo the days respertivdy [Le aame x~•enlly beooma due. ~ b~ To permit, com~rit or wff~ no wute aad to maiataiu the impro~•ementa at all times in e state of good repsir ~nd condition, and w do or permit co be i dooe to aaid Qtrmixa nothing that will aher or cfiange tbe use and c}uracter of said property or in any wey imp~ir or wealcen the security ot this 'i mortgage_ And in nx d the rchwl, ne~ect or inability of the ~tortgagor to repair and maintain said property, the :Nortg~gee may. ~t his option, maice ` sucA repain or caux che same w be made, and advante mooeys in that behalf_ p Icl To pay all and singular the tazes. assessments, levies. lie6ilities, and obligations of e~~ery nature on said dexribed property each and every w~hen due and payabk ~ccording w law, be[ore thep become delinquent, and to ddiver to the Mortgagee on ur betore !1Sarch lSth ot each year taz reoeipt~ ~ ~Y ~ P~nB alendar yenr: w idemnity the Mortgagee upon hie denund tor aA tazes. aeaes.s ~ e~idmcing the pqmient ot all 4 i tues for t6e € mmts and char~ea tlut m~y be a~essed upon this mortgage oo tlr indebtedne~s aecured 6preby. and peid by the morgagee, without regard to aay law ~ he~rwtore en~cted or has~her w be enacted impo9ng p~yment of the whole c- any part thaeof upon the Mortgagee. ¢ • s ; f d 1 To p~y all and singul~r the costs. cMrges and ezpenxs, including 4~ryera' teea and ab~tract costa resaonably imured or paid aR ~ny time by the ~ ~lortgagee beu~ue d the failure on the part d the Mortgagor to perform. oomply with and abide by each and evay t6e ~tipulatiow. agreements. ~ coo~cions ~nd cm-ensau of ~id promis~ory note ~nd this deed, or either, and e~~ery sueh psyment ahall bear inteeeat [rom date aL tbe nte of tsn I 10°~61 ~ pvi ceot~ per snnua~. ~ +e1 It ie turther rn~rmatea and agreed by aaid parties that i~ the event of a suit being instituted w torecbse thu mortgage, the Mortg~gee aHall be ~ enti~led to apply st ~ny time pending such foreclosure suit W the murt hsving jurisdiction ttrreof (or the appoiptment of a reoeiver of all and singular the ~ mortgaged propertY. and of dl renta. inmcnes. profita. issues snd revenues thereof. trom whataoever source derived: and thaeupon it i~ hsebY ~P~~Y ~ co~•eranted and ~~ed t6at the Court shall forthwith appoint such receivei with the uiual po~vas and dutie~ of recdvets in like caxa: and s~id ~ppoint- ~ ment s6aU be m~de by che caut sa ~ mauer ot itriet right W the Mortgagee, and without reteieace W the sdeqwcy or insdequacy of the wloe ot the pro- ~ P~Y ~bY mongaged. or w tbe soWeocy or insolvency o( the Mortgagors or any other perty defendant w auch suit. The Mortg~gur hereby spedf- ~ inUr- .rai.YS ehe right w object w che appoiotmmt of a ceceiver ae atore~aid and hereby ezpressly oonsenca that such apQointmait sF~all be aude ~s an ~ adm,tted equity ~nd as a matcer of ab~olute rig6t W the Mortg~gce and that the ssme may be done without notice w the Mortg~gor. ~ ~ ~f~ It torecbwre prooeedings should be instituced against the property covered by thi5 mortgage upon any otl~ lien or claim whethe? alkged W be ~ wpenor or junior to the Leo ot thia mortgege. the Nortgagee msy at hi~ option imn~edutely upon institution of ~uch suit or during the pendency tl~eoi ' decLre chis mortgage and the indeMRdne~a se~vred her~eby due and psyable [orthwith and m~y at its option proceed to torecloae thi~ matgag~e. ~ g I That the tilortgagur wiU keep all real aod penonal property now or hereafter en~vmbered by the lien of this mortgage insured u m~y be required from time to tiar by tde 111ortgegee against lo~ by fire. windatorm snd other hazards. casualties and cootingencie~ tor euch periode and tor not les~ th~n ~ wch amounta as rn~y be required by the Mortgagee and to psy promptly ~vhea doe all premiums for sach inaunnce. The amwnta of insuranoe roeg~ired z by the Storga~ee shall be the minimum amounts tor which said in9urance shell be w~ritten ~nd it shsll be ineumbent upon t6e Mortgagor W maintain such r additioo~l im~a~nce a+ may be neo~.wy to meet and rnmply fully with al! coin~wsnce requiranents oontained in said poliaes to the ead th~t the a~id ~lortgagor i~ oot a oo-insuror thereunder. Imurance ~hall be written by a compaay or eompanies ~pproved ot deigruted by the ~[ortga~ee ~nd aU poli- ciee aad reorwaL~ tfiaeof s6a11 be held by tl~e Mortgagee. AU detailed designationa by the Mortgagor whith are ~ooepted by the Mortgagee and all age~ £ maits between 1lortgagor and Alortgagee rdating W imurance, no~r ezisting or he~eatter made, sha11 be in writing ~nd sh~U be~ pert oI thie tnOrtgag! agreemeM u tully u thoug6 xt forth verbatun herein and sMall govem both parties hereto and their euooe~sors and assigt?n. No li~ upon tay of s~id policies of insuranoe or upan ~ny refund or returo premium ~hich may be p~yabk on the cancellation or termination ther~ot, shall be gi~~en W other then the ~lortgagee. e:cept by proper endorsement a(fi:ed w such poGcy and approved by ~tortgagee. E~c6 poticy of ineuraoa shall lyve ~t6zed tLereto • - Stacd~rd tiew York titortg~gee Qawe writhout (;ontributioo, mafcing ell tosa or loexa under such policy payabls to the Moctga~ee es ita intereat may ~ pev. In the event ~ny eum or e~un~ ot money beoome p~ysbb theraunder the yfortgagee sfull luve the option to reaive ~nd ~pply t!M e~me oo aeoonat of t6e indebcedness herrby eecvred. or w permit the Mortgagor to receive ~nd use it, or any part thereof, w~ithoat thereby w~iving or imp~irins any aqni- ti. licn, or rig6t under aud by virtue of thi+ mortgage- In event of loes or physical dam~ga to the mortgaged property tbe Mort~or sh~U ~ve imrn~diat~ ,'Y" ~ BGQK ~1S PAGE ~OV ~ ~ . ~ - r~ ~ = _ z~ ; .~~'`~'~_6„ a._.. ~ ~ ~ _ _ ~