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Home My WebLink About1215 PROVIDED. ALV4'AYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by a certain promissory note of which the following in words and figures is a true copy to-wit: ~ ~ ~dHN ~ ~ 5, 075 . 00 _ Fort ierce , F~«;d, . Augus t 25 , 73 ~ P~IR VALt~f. RECEIVED ~ ointl and severally, promiie tu pay to th~ ord~~ ot ~LPH MELTZE the pnncipal sum ot FIVE THOUSAND SEVENTY-F'~-~ 8T1 Y10 '---pOLL!1RS, together with intetra~ thereon [~om date at the nte of ten perceot, pe~ annum unti) maturity, both principa) ~nd interc~t beir?g payable in Iswful money u( th~ Un~ted ~tates at 2244 Bisc~yne Bhrd., l~l~ami. Florida, ot ~t wch othc~ plue a~ tbe holden hereof may designate in writina. ~ - Pnncipal aod intensl pay~blt in in~tallment~ v 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 until paid in full. I i Th+s n.~te may be prepasd ~n whofc or ie pari ~ttu ont yeat fcam the date htrtof upon payrt~ent of a penalty equivalent ~ t~ (~ve percent of the prmcipal sum prepa~d. Each in>tallm~nt payment tihall be ~redited tint on the interest due, and the remainder on principal; and intr?r•t ~hsl) thrrr- upun ~~a~e upun the pnncipal so crediled. _ . her e to w~ive demand, notice o[ non- ayment and ptotest, and in th~ ~venl ~u~t .lull h~ br~~u~ht (or the collection hereot, or thc same has to de col ecte upon eman o an a orney. P~Y ~ fer. for rnal~~nR auch colltclioo. [)~f~rrrd parments hereundcr shdl bear interest at the rate ot ten petcent per annum Erom maturity unti) paid. 7'hi. n~t~ i~ ~ecured by a mo~t~c ot even d~ts hcrewith and ia to ed entoreed according to the I~vrs oi the ~tata ot Fl~u~da; upon detault in the Payment of princ~pd andlo~ inte t w en , the whde wm of prinripal and interest rrnu~ning unpa~d shdl, at the option of the holders, become immed'utel due ~ nd a~t . ~ / f (SEAL) ~i ~I j/ L L~ (SF.~?L) and shaU pertorm, comply with anQ abiDe Dy each anti every ine ~iipuiaiiuna, agrrruirui,a, cunuii.iuc?s ai;u cuvc,-w.,La of said promisaory note and of this deed, then this deed and the estate thereby created shell cease and be null and void. " 1. The Mortgagor hereby covenants and agrees: lal To pay aU and aiogular the printip~l aad interest ~nd otha aum~ of mone~• p~yaWe by virtue ot aaid promissory note and thi~ deed. or eiths. ' P+o~P~S'onthedaysreapeetivelrthe~ame~evaallYbeoo~esdue. _ ' 1 bl To pertnit. commit or nuffer no waste and w maint~in the improvements ~t sU times in a atate of good repair and coadition, and to do or permit w be j done to said premisea nothing that will alter ar ch~nge the use and cheraitu of said property or in any ~vay impair or w~ea~ the security of this ~ mortgsge. And in nse of the refusal, negkct or inability ot the Mortgagor to repeir aod maintain said property. the ~tortgagce may, at his option, make ! ~uch re~in or aux the same to be made, and adv~nce money~ in that behslf. ~ Ict To p~y ~11 and singuLr the tazea, assessmenta, kviea, liabilitie~. and obligations ot every nature oa said dexribed property e+ch and every Rhw due E and payabk accarding w law, before they bxmx delinquent. a~d to deliver w the Mortgagee on or betore March lSth of esch year tu rooeipcs ~ rvidencing the p~yment of aU 4wt?dly imposed tazes for the preceding aleadar yesr: w idemnify the Mortgagee upon hia demand Eor a11 t~zea. ~sses~ ~ cnmta and clurges ttut m~y be asxa~ed upori thia mortgage on ehe irdebtedras secured herebr. and paid by t6e morgagee. ~rithout rcgard w~ny law ~ 6e~etoWie enacced or hae~ker w be enacted impoaing payment of tbe wbole or any part theieof upon t6e Mortgagee. ~ 1 d 1 To p~y all end singular the coata. charges and ezpen+es. including lawy~ers' fee~ aad abstract oosts reasonaWy imirt~ed or p~id at any time by the ~ Nortgagee becau~e of the t~ilure on the part of t6e Morigagor to per(orm, comply with and sbide by eseh and every tbe atipul~tioas. agreemenu. oonditioee and coverunts ot said promissory note ued this deed. or eitha. and e~~ery such payment sh~ll be~r iatere~t from dace at t6e rate of ten 110961 per centum per annum. Ie1 It is further oo~~eaanted and agreed by esid parties that in the event ot ~ suit being instiwted w forecloee this mortgage, the Mortgagee shall be entitled w apply at any time pending such toreclosure suit to the rnurt lrving jurisdiction thereof for the appointment of ~ receiver of ~ll and singut~r the ~~6~8~ P~~Y. sad otall renta. inoornes. Profita. iaosue~ snd revmues thereof. from whatnoever aource derived: aad thd~eupon it is hsebY ~P~Y covenaated and a~eed that tAe Court ehall forthwit6 appoiut auck~ reaeiver .rith the uwal poxae and duties ot reoeve~e io like ca~ee: and sa6d appoin4 ment ahall be wade by t6e court u e matter of strid right to the tilortg~gee. and withouc referenoe w the ~dequ~cy ar inadequ~cy of che v~lue ot the pro- perty hereby mortgaged or a the ~o}vmcy or inaolvency ot t6e Matgagoro or a~n,~y o~t„her perty defendant W suc6 a~rit 7be Mortgagor bereby specif- --7CA~IM~~~bCTI~}tb~-bYMQ~OILmC4lY~.~l~~7aid enrl'°~'vJ p~=~.~rvs.~~yy-tau~+-that~3~~A~t~~1-4~~!dF-~~ ao_.-_-_~ ~ admitted equity and as a matter of sbeolute right W the Mortgagee end that the ssme may be done without notice to the Mortgagrx. ~ It1 It toreclwure proceedings should ho instituted against the pcoperty covered by thu mortgaga upon any other lieo or cl~im ~vhether alleged to be ~ superior or junior to the lien ot this mortpge. the !Nortgagee may ~t his apcion immedietely upon in~titution of auch wit or during t6e peadarcy chveot decLre this mortgage and the indebtedaesa aecur~d hmeby due and peyablc forthw'it6 and m~y ~t its optioa proceed W[oretbee this mottgaga Igl Tdat the Mortgegor wiU kcep all ~ral and perwnal propercy now or hereaftu erxvmbered by the 6en ot this mortgage iawred as msy be required fc+~? time to time by ti~e Mortgagee sgaiast loss by fire. windstorm ~nd other hazard~. ca~ua{ties and oontingencie~ for such periods and tor not ksa tAao ~ such amounta u may be rtquired by t6e Mortgagee u~d to psy promptly when due all premiurtu for such iaqunnce. 71~e amounts of ineur~noe requirsd by the ~lorga~ee sFull be the minimum amounts tor whith aaid irourarce shall be ~rritten and it ahsll be incumbeat upon t6e Mortg~gor to m~intain soch s` ~dd"Nional ins~aace u may be nec~.wy to meet and com~lly fully with dl eAimwance requiranents contained in s~id policiee to tde end th~t the s~id Martgagor i~ not a oo-inauror thereuc~dv. Ins~uance ahall ~e writta~ by a compaoy or oompaniea approved or desigoaced by ths Mortgages ~nd all pdi- ~ cies and renewala thereof stull be heN by the Mortgagee. AU detailed designations by tde Mortgagor whic6 ~re aooepted by We Mortgagee and aU ~ge~ r~, ments between Mortgagor ~nd Mortgagee relating to imau~noe. oow ~isting w hrle~Rer m~de. shap be in wrritiog and ah~ll be a part of tlds morLgage ~ agreement w(ully sa thoug6 xt fortA ~~erbatim Adan ~nd sh~ll govero both putie~ h~eto ~nd thrir suooeesors and as~s. No lieo upon aay ot s~id ~r~ pol"ecies of insursnce or upon any refund or returo praaium which may be peyable oa the cancell~tion or terminatioo tl~eof, shall be given to otber than ~ the \fortgagee, ezcept by proper ~dorsement affi:ed w such poticy snd ~pproved by Mortgagee Eac6 policy ot ia~uranoe sfull luve ai5zed th~etn ~ z~? Standard he~v Yorlc Mortgagee Awae witF?out Contribution. mak?ng all lo~ or losxs under wch P~~3' Wribk w the Mortga~ee as ita intereet may a~ pe~r. In the event aay sum or suma af money beoome payebk thrrounder the Mortgsgee ahall have the optioo to recmw and apply t6e s~me on aooo~mt of the indebtedness hereby secured. or to pernrit the Mortgagor to recdve and use it. or any part thereot. w~itlaut tharebY ~"~6 ~~~8 ~Y ~ ti, lien, or right under and by virtue of this mortgage. In evenc of loea or physiul daosage to the mort~gd pioqetr t~ Mort~~gor ~hdl ~iw imms~at~ ~ ~ B~oK218 Pa~f1z14 ~ ~ . ~ . ~ ~ ~ ~ ~ - ~ ~ ~~~.r~ ~ _ _ ~ } ~ ~