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Home My WebLink About1393 PROVIDED, ALWAYS, that if the Mortgagor ahall pay unto the Mortgagee the indebtedness evidenced by a certain promissory note oi which the foAowing in worde and figures ia e true copy tawit: ~ ~ ~ ~e~~? ~ 3 275.00 Fort Pierce, fla;d, _ Aut~ust 30 ?~.73 s ' s /~(,(~(~~.C~,1•~Q WE ointl and severall ~on~~wp.y ! to the ord~r of Cr~RL~b GAKL _ a l, . , o6ethet with inteast t the pnncipal sum o[ THREE THOUS thereoo from date at the nte ot tee pctecnt, pe~ snnum until maturiq. both prineipal and interest bein` payabk in law[ul money uf thr Un~ted 5tatca ~t 2244 Bi~earne Blvd., Mumi. Rlorida. or ~t w~b othe~ P~xe u tl~e hdders hutof may desi~~te ~n Mritin6• : s ~ Princip~i and inten~t pay~ble in i~uWlmcnb r[dlows: ~ gI~CTy ($60.00) DOLLARS per month, for sixty (60) consecutive months, i on the 15th day of each and every month, beginning on the 15th day ~ of l~ovember, 1973, and continuing until ~he 15th day of.November,__ 1978, at which time the balance shall become due~and pay~ble. ~ 1 TA~s note may be prep~id ~n whole or in put atter one yeu f~om the date heceof upon payment ot a penalty equivale~t ~ ~o fire percent of ihe pr~rtcip~l sum prepaid. ~ f ach in~tallment paynient ehall be credited fint on the intetest due. a~d the remainder on principal: and intrrr~t rl+all tbrne- ~ upon ceas~ upun the pnncips~ so credited. _ Th~ mak~rs and ~ndoners of this note turther agree to waire demand, notice of non-payment and pwtest, and in thr event suit % •liall br brouRht (or the collection hueo(, or the ame has to be colleered upon demand ot an attorney. to pay reasonable attorney's (rr. (or making such cdlection. D~(err~d paymentc hereunder shall bea~ interest at the rate of ten pereent per annum Iwm maturity until paid. 7~hi. not~ w acuKd bY a mo~6e of evcn da?e herewith and is to be conattued and enEorced accordu~ to the lawa oi the ~ _ t ment of rinci d andlo~ intuest when due, the r+hde w~m oi pnnc~pa~ and i~te~u ~ rrmaininR unpaid aha11, at the optia~ o the holde~s. ome munt y ; vZ t%.L'l'~~C~ Q i ~s~A~) > i ? ~Z ~ (SEAL) ~ . ,L _ ~ , ~ f _ and shall perform, comply with and abide by each and every the stipulations. agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. I. The Mortgagor hereby rnvenants and agrees: 1~1 To pay all ~nd w~guLr t6e principd and interest ~nd other sum~ of uooneY PaYable by virtue oi said promia~orY note and this deed. or ather, PromPdy on the days respectivdy the ume sevenlly beoomee due. i ~ 1 b1 To permit, commit or suHer oo waste ~nd to mainta?n the ~mpro~'ements at all times in a state ot good ~epair and condition, and W do or permit W be ! done to said premixs nothing that ~ill alter or change the use and cheracta of seid property or in aoy way imp~ir or veeakm t6e aecurity of this ~ mortgage. And in cax of the nfusal. mglert or inability ot the Mortgagor to repair and maintain said property, the hlortgagee m~y. at his aption, make ! sue6 repairs or uux the eame to be made, and sdvance money~ in that behdf. ; _ _ _ _ - - - - _ - - - - _ - - ~ Icl To pay ell ~nd sic~gul~r the u:e~. assesaaienta. leviea. liabi6ties. aad obligations ot every nature on said described property erch and every wh~ due and p~yable accocding w law. betore chy becoa~e ddinquent. a~ to ddiver eo the afortgagee on o~ befar March 15th ot each year wc re~xipts ~ evidencing the p~yment o[ all I~wfully impoxd uus for the preoeding cdendar year: to ide~nnify the Mortgages upoo his dem~nd for all tsies. aseme~ ~ mencs and charges that m~y be es.xssed upon tdis mortgage on the indebted~ss secured 6ereby. and paid by the morgaBee. wislwut reg~rd w any law ~ heretotore enxted or haeaher to be enscted imP~nB WY~t of tl~e whole or any part theleot upon the MortgageG ~ ~dl To psy all and singular the cosc+. chargea and e=pea+ea. i{~cluding Irxyers' fees end abstrscc coeta ~eaaonably iacurred or paid at any time by t6e ; ~ Mortgagee beause of the failure on the part d the Mortgagor to pertorm: oomplY with and aDide by each and every the stipul~tiom, agreements. ' eon~tions ~nd covenants oi a~id prontis~ory noce and t6is deed. or ather. and every such paymeni shall bear intere~t from date at the nte of ten 110961 pvi centum par annum. 1e1 It ia further ooveo~nted and agreed by said perties chat in the event of a suit being instiwtRd w forocloae thb mortgsge. tbe Mortgagee shaU be ~ - entitled to app:y st any time peoding sueh foreclasure suit w the oourt having jurisdiction tt~ereoi for the ~ppointmmt of a reoeiver of all and singu4r the ~ ~6~8~ ProP~Y. and of ~!1 rente. inoomes. pro5ts. iasoes and revmues thereof. from what~oevv souroe derived: and thereapon it is hereby ~P~~Y ~ covwunted wd agreed t6at the Court ahall forthwith ~ppoint such reoeiver with the usual powas and dutiea of reoeivecs in like caee~: aaf s~id appoint- ment shell be made by the co~rt u~ msuer ot stritt right w the Mortgagee. and wit6out refaence w the ~dequ~ey or inadeq~uey of the value of the pro- " perty hereby mortgaged. or to t}x ~olveo~y or iasolvency ot the Mortgagor~ or any oth~r p~rty defendant w sueh s~nt. '!be Mortgagor hereby specif- icaUy waivd t6e right W object to the apQointa?ent of a ~eaiver es etoressid and hereby e=pressly oott~ts t6at au~ apQodntmmt ahtll bs m~ds ~e an ~ admitted eq:rity and as a rn~tter of ab~olute right to the Mortg~gee and that the same [n~y be done without notice to the 111ortg~gor. ~ ~t1 1t torecioeure proceedings should be institw~ed against the property coveeed by this mortgage upoo any other lim or cLim w6etlkr alleged Lo be supuior or junior to tbe lien o( thie mortgage. the Mortgagee may at his optan inunediately upon ia~titutia? of wch wit or during t6e pendmcy tha'eof declare thi~ matg~ge and the indebtedness secvred hereby due u~d payable torthwit6 and may at its option pmceed to forecbse this mort8~ge. 1 g I'It?at tAe Mortgagor w~ill kerp aU real and peroonel property oowr or hereafter encumbered by the lieo of thu mortgage inwred u m~y be reqaired from ' time to time by the Matgagce againsc bss by fire. windawrm and ot6er hszuds. ca+u~ltiea and conting~ fa such periode and for not lea.s t6an ~ wch amounts as may be required by t1x Mortgegee and w peY promptly xhm due all pmmiuins for snch iasuranee. 'il~e amounts ot insuranoe ~equired :~-ti~ by the Morga~ee a1~aU be the minimum amounts for which ~aid insursra shtll be w+ritten and it sh~ll be ineumbeot upon the Matgagor to m~intain satb ~ additional insuraace m~r be neoeswy W meet and oomply inlly with dl eoimurance requirements oootained in eaid pdicies w the ead t~t t6e s~id Nortgsgor is mc a oo-insuror thereunder. Insurance shall be written by ~ company or oompu?ies ~pproved ar designated by t6s Mortga~ee ~nd ~11 pdi- . . ~ ciea and rera+vals thaeof aiull be held by t6e Mortgagee. All decaikd designatioas by the Mortgagor whic6 ~re ~ooepted by tLe Mottgsgee and a11 agee- i ~ ma~ta between Mortgsgor and Mortgagee relating to im~uanoe. aow e~sting or here~fter m~de. shall be in writing and shall be ~ p~rt ot this moctgage agreemeM ~a (ully as though set torth verb~tiiu herein aad sFull govern both partie.+ herew and their suooeesoro and asaigns. No liea upon ~ny of s~id ~ policies ot inwnnce or upoo say rcfund or returo pr~ium whicb may be p~y~ble on the cureellation or t~nnination thereot. ahall be ~ven w othe than tbe Mortg~gee. ezceP~ bY W~P~~ endonement affi:ed W such policy and appwved by'yiortgage~ Eac6 policy of insur~ooe ahaq 6ave af5zsd thseto ~ _ Y Staadard Nrw York Mortgagee A~ux wit}wut Contributioa. wkia~g aU loes or losaes nnder sucA PdkY WYabis to tM Mortgagee as it~ intare~R may ap~ pear. in the event sny aum or ~ums of money beoome pay~bie tl~eraunder the Mortgagme ahall h~ve the optian W rooeive and ~pp~y the same oo acoount ; ~8 P Y of the iedebtedoesa hereby eecured. or to peimit the Martgagor to recave a~ use it. or any part tlu~eof. wdthout t6ereby w~vi~ or impairins ~nY equi' ~ ~ ti. fien, or right under snd by virtue of this a+ortgage. In eveM of bas or physical damaga W the mortSaged propttY tbs ~o*tgaBot ~ha11 ~v~ immdiab ~5 i ~Y ' ' ' fiY~lA ~ r 18 oA~1.39z : . ~3y 3 ~~i + ti . . _ ' ~ ~'.~C` ~ _ Y' y c__-. . - . . , _.,~s .~:~.'t~s.