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Home My WebLink About0877 : ~ ~ . , PROVIDED. ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by s of which the follawin in worda and figutes is a true copy tawit: f S 2,525.00 Fort Pierce, F~a;d, Au~ust 25 , 73 FUR VALUE REC~IV~~ I promise tu pay ~ _ v~i~ru c~u ~ i tu iife urde~ oi - - = - - - - - th~ pnncipd sum o( TWO VTHOUSAND FIVE HIINDRED TWENTY-FIVE AND L. , together with inlereal thereo~ [rom date at the rate o( ten percent, per annum unti) matunty, both principal ~nd intere~t beinR payable in law[ul money u( the United 5tatc~ at 2244 Biseayne Blvd., Miami, Florida. or ~t ~ueh other place u the holdus heteof may daignate in writin~. Principal and interost payable in i~uWlmentd a~ (ollow~: FIFTY-FIVE ($SS.00) DOLLARS per month beginning on the 15th day of October, 1973, and continuing on the lSth day of each and every month thereafter until paid in full. . 3 Th~s note may be prepa~d ~n whole or ~n part after one yeat from the date hereof upon payment ot a penalty equivalent to five petcent of the pt~ne~ptl sum prepaid. _ - E~ch in•tallment paYment shall be credited titst on thc intcrest due, and_ the remainder on principal; and inlrrr•t •hall tbrre- upon ceau upuo the principal so ctediied_ ~ Th~ make~ and ~ndorsers of this note further agree to waive demand, notice o[ non-p~yment and pmtest, ~nd in thr ~vent suit ? .I~all b~ brought for the collection heroof, or the aame haa to 6e collected upon demand o[ an attomey. to pay reasonable attorney's ~ (rr. (or msking such colleetion. ; De(~md payments hereunder shdl bear intcrest at the rate of ten percent per annum [rom m~turitp unti) paid. = 7~hi+ note u ~ecured by • mort~e of even date herewith ~nd is to be construtd and enforced aecording to the I~ws of the ' ~tate of Flnrida; upon defeult in the payment of principal andlo~ intuat when d~u, the v+hole rum of pnnripal and intereat : rrma~ni~g unpaid ahall. at the optian of the holde~s. become immediatelp due and ~ayable._. ~ , - ~j ( j~~ ~~-c `z ~ C%~~~~$~'AL) - - 7 ~ (SEAL) ~ ~ and shall perform, comply with and abide by each and every the stipulations. egreements, conditions and covenants of said promisao'ry note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby oovenants and agrees: ~ 1~1 To pay dl and singuLr the principsl and iateresi and other sume of money paysWe by virtue of said promi~.+ory note and thu deed. or tither. P~o~Pdy on t6e days respectivdy the same aevenlly beoomes due. I 1 b? To permit. co~amit or suffa ao ~raste and to mainuin tde improvements ac all times ia a state of good repair and condition, ud w do or permit to be ~ done to uid p~rmiaes nothing that w~ill aher or change the uae and chuaaer of said propeity or in any ~cay impair or wrea{cm che security of this mortgage. And in cax of the refu~al. neglect or inability of the Mortgagor to rep~ir and maintsin s~id property, the ~tortgagee may. ~t his option, make ~ aueh repairs or tawe the aame to be made. snd advmce moneya in that behalf. - E Ic1 To pay all and singuL+r the ta:es, assessments, levies. liabilities. and obligations of every nature on said dexribed property eech and every when dce and payable according to law, betore they become delinqu~nt, and to delirer to the ~tortgagee o~ or before ~larch 15th ot each year tu reoeipts e~~denring the payment of all law[ully impoaed tuea for the preceding ulendar year: to idemnify the Mortgagee ~pon hi~ demand for all tazes, asaea.t ments and chuges chet may be asxssed upon this mortgage on the indebtedness aecured hereby..and pnid by the morgagee. ~vit6out regard to any liw hernWfore enacted or haeaha to be enacted impo9ng paytinent ot the whole or aay part t6aeQf upon the Mortgaqee_ ~ ~ Id? To p~y dl and singular tbe cosu, charges and e~penees, inc:uding lawryers' fees nnd abstract costs reasowbiy in~vrred or paid st any time by the ~ ~fortgagee becaux of the faihue a~ the past of the Mortgagor w p~form. oomply with and abide by eseh and every the stipulatioaa. agree~nents. ~ conditioiw ~nd rnvenants ot uid promis~ory note and thu deed, or eithrr, and e~~ery such payment shall bear interest from datx at the rate of tea I 10'+E 1 per ceotum per annum. Ie1 It i~ further cover~nted and egreed by said parties t6at in the event ot a suit being irotituted w foredoee this mortgage, t6e Mortgagee shall be entitled to apply at any time pending such toreclosure suit to the murt hsving jurisdictioa thereof tor the appointment of e receiver of all and aingul~r the ~~8~8'~ ~Y. and ot all rmts. it~oon~. pr~ts. iesuea ~nd revenues thereof. from whataoever source daived: and thaeupon it ia berebl uP~Y ~ rnvenanted and a~eed that the Court aha11 fort6with sppoint suc6 receiver witd the usuel powaa and duties ot receiv~s in like caeee: and aaid appoint- roent ~hsll be msde by the court ae ~ matter of atrict rig6t to the ~tortgages. and ~rithout re(ve+~oe to the adequ~cy or i~de~cy ot the value of the pro ~ perty 6eieby mortgaged, or w the solva~cy or inaolveacy of the Mortgagoro or any other party de(endant w suc6 suit_ 7be Mortgagor hereby apecif- ically ~caives the right to object W t6e eppointmmt ot s receivar as atoresaid and heteby ezpressly aon~te t6at sucb appointment shall be made aa ~n ~ ad~rutted equity and ae e matter of abeolute right w the Mortgagee snd that the same mey be done without notice W the Mortgagrx. ~ ~ ~t? If toreclooure prooeedings shouid be instituted against the property cm~erod by this mortgage upon aay other liea or cl~im whether alkged W be ~ superior ar junior to tt~e lien of this mortgage, tAe :1lortgagee may at his aption immediately upon in~titution of ~uch auit or during the penda~cy thereo! declare this mortgage and the indebtedness secvred hereby due and psyabk fwthwith and may at itsopti<ua prn~wd to toretlose this mort8+ge.- . - = 1 g I That the Nortgagor w ill keep all real and personal property now or hereeher encumbend by the lien of this mortgage inwred as msy be required from time co time by the Mortgagee against bss by firr, wi~dstorm and other hezuds, wualties end ooatingenciea for sueh periods aad for not less tlun . n. wch amounts as rtuy be requved by the Mortgagee and to pay promptly when due all premiurtu (or such insunnce. 71~e amounta of insur~nce tequired v by the Morgagee aha0 be the minimum amounts (or ~vhich esid insurence stall be written and it nhall be i~+•mbent upon t6e Mortgagor to m~intain iuch ' •dditaoal insura~e ~s ma be to meet and co requiranents oonained in said Y ~Y mp1Y tully with dl oo-insurance pdicies W tl~e end t6~t the s~id ~ Nortgagor ie nw. a oo-ineuror thereunder. insurance shall be writta~ by a company or mmp~nies approved ar desigrated by tbe Morigagee ~nd all pdi- 43 cies and reaervals thereot shall be held by the Mortgagee. All decaikd de~ignatioas by tbe Mortgagor whic6 are ~coepted by the Mortgagee and all a~re~ ~ ~ ments between ~tortgagor and Mortgagee reLting w insurence, no~v e:isting or hece~fter made, ahall be in writing end a6a11 be ~ p~rt of tNs mostgage egreement as fdly as thoug6 set [orth verbatim herein and shall govern both parties hereW anu thdr suoaasoro and aaaigna. No Gea upoo ~ny ot said ~ Policie+ of ia4••r••~ or upon any refund or teturn premium rhich may be payable on Lhe cancellation or tetmination t he~eoi, shall be ~van to ot!?ac tLan - the Nortgagee, except by proper endorsement atfi:e~ W svch poticy and approved by Mortgagee. Eac6 policy ot inaui~noe shall t~ave d6ud tiwreto a 5 Stand~rd Ivew~ Yoric ~toRgagee Cleux without Contribution, making all loss or loexe under such policy p~yabk to the MoRgagee as ka interest may ~p~ ~ ~ peer. In the e~-ent ~ny sum or sume ot money bcoome payeble thereunder the ~tortgeigee eAall have the optia? to reoeive ~nd apply t6e iame on ~eoount ~ o( tne indebtedness hereby 9e~vred. or to permit the Mortgsgor to receive ~nd ux it. or any part thereof. wit6out thereby waiving or imp~Irin~ anY equi- ~ ti, lien, or rigf~t under aod by ~irtue ot this mottgage. In event oi bes or phyaical damaga W the mortg~ged property t~ Mortg~gor ~haU giw inun~ab ~ OOK~,1,8 PA ~ _ _ . ~E 876 . - ~ ~ ~ _ _ . _ ~ _ ~ . s~~ ~