The URL can be used to link to this page

Home My WebLink About1427 PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedaese evidenced by a certain pwmissory note of which the foqowing in words and figures is a true rnpy tawit: ~iy_~_ t ?~,sf~~. s 13~025.00 Fort Pierce, F~o~;d, AuQust 23, 1~_73 ~ FOR VA~UE RECEIVED WE ointl and severall pwmise tu pay ~Y to che o~de~ o( FREDERICK D. : the p~incipa! sum oI ~tj,TRTF.FN THOUSAND TWENTY- FIVE and no / 100 DO[.L4RS, togethe~ with i~terest ~ thenon Irom date st the nte oi ten peccent~ per annum ut?til m~turiq, both principal and interest being payable i~ (awful mo~ey o( ` the United Statcs at 2244 Biuay~e Blvd., Miami, Florida, or ~t wch other place as the hotdecs hereo! may duignate in writina. _ Principal and interest payabte in inaWimenta as tollow~: 3 TWO HUNDRED FIFTY ($250.00) 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 r . ; ~ Th~s note may be prepaid in whole ot in pact afttr oat yeti Irom the date hereof upon payment ot a penalty equivalent to f~ve percent of the principal sum ptepaid. 4 Each inatallment payrtieet shall be credited Ctat on the interest due, and the remainde~ on principal; and inirn•t :hall thrre- ~ upon cease upun the principal so credited. The makers and ~ndorsers of lhis note turther agree to waive demand. notice of non-p~yment u?d protest, and in thr event xuit ~ shal) be brought (o~ the collection hereoi, or the same has to be collected upon demand ot an attomey, to pay reasonable attorney F fer~ [or making sueh colleetion. ~ Deferrcd paymenta hereunder shdl bear intereat at the ntc of Len percent per annum from maturity until paid. • 7'his note is eecuerd by a mortaage of even date hecewith and is to be conatrued and e~forced according to the (aws of the . ~late of Flwida; upoo defauli io the payment ot principd andlo~ intereat whee due, the whoie wm of pnncipa! and interat rrmaining unpaid ahdl, at the option of the holdees, become imme 'itely and pa aWe. „ ~ (SBAL) ` ~ S ~l' ' ~ ~~`~=2- (sF.~?L, € r ' i and shall periorm, comply anth ann so ~he'~ttpuiat~ons, Bgf~Q1![1f.8, CUlttttl.lUets 8uu C,iivc'u&uw ? of said promiseory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. - 1. The Mortgagor hereby covenants and agrees: lal To p~y all and eingu4r the principsl and intereat and oNer sums o( moaey p~yable by virtue ot ~aid promi~.vory oote and. this deed, or eithcr, prompdy on the daya respeccivdy the aame xverally bxomes due. i f b1 To permit, commit or ~uHer no Aaatt u~d to main4in the improvements ~t all timea in ~ atate of good rep~ir and ca?dition, ~nd to do or permit to be done to eaid preinixs nothing ttut sill aker or change the esse and cbsracter ot siid PmpertY a in any say impair or weaken the security of tLia mortgage. And in case of the refusal, ne~ect or inability ot the Mortgagoc to repair and maintain a~id propaty, the biortgagee aLy, at hie option, make suefi rrpors or awe the asme to be mad~ ~nd advaaoe inoo~ys in tlut b~hs1L Icl To p~y all and singuLr the tazes. assessa?ents. leviq. liabilities. and obligation~ of e~~ery neturc on said described ptoperty erch and every ~rhen due and payabie according to law, before they become, delinqueot. to deliver w the Mortgagee on or before Murh IStA of each year !u receipts evidenciag the p~yment ot all Lw(uUy impoeed tues for the preceding nleodar yeer: w idemnify the alortgagee upon 6ie demand tor ell tazes. asseso- ; ments and cl~rges tAat may be ~~es.~ed upon thia mortg~ga on t6e irdebtedne~ secored h~rby. and peid by the morgrgee. without ngud to any lsw 'i hereW tore eo~cted or htreafter to be ~acted imposng payment ot t6e wrfale or ~ny part thereoi upon t6e Mortgagrie. . 1d1 To pay all and singu4r the cosca, ch~rges and e:penxs, including Lwyers fees and abstr~ct ooeta reasonably inevrred or paid at aoy time by the E Nortgagee beca~e of the failure o~ the p~rt of t6e Mortgegor to perfam, oumply with and s5ide by esch aad every tLe stipulatioas, ageements. oornfi tionn and covenants of ~id promissory note and Wis deed. or either. a~ every such payinent shall bear iaterest from date at the nte of ten 1109fc 1 per ceatum per ~nnum. E Iel !t is hut6er covemnted and agreed by vid pvties that in the eveM of a suit being iwtituted to foreclose this mortgage, the Mortgagee shall be ~ entit{ed to apply at any time pending suc6 toreclaaure suit to the murt having juriadiction thereot for the appointment of a recavQ of all and au~gulsr t6e 't ~BaB~ P+~P~rtY. and of all ca?ts. inoomes. Pr~G+. iaeue~ and revenues t6ereof. fmm whatsoeva aource derived: aad therd~poo it is he~eby a~p~essly ~ rnvenanted and ageed that the Court ~11(orthwith ~ppoint such rcceiva .rith the usual pow+era and ducia~ ot receiven in lilce c~ses: aad eaid appoi~- ~ ment ahsll be avde by tAe eourt a~ e tnatter of strict right w t6e Martg~gee, and without referem to the adequ~cy or inadequ~cy ot the value o/ tbe pra perty 6aeby mortgaged, or w tbe solvmcy or ineolveney of tLe Mortgagors ar ~ny other parcy defendant to auch a~rit.lLe Matgago: h~eby speeif- ~ icslly waives the right to objeet W the appoiatmeot of a recsivar ae aforesaid and 4ereby espressly oonymts chat w~h a ' ' admitted equity ~nd as e matter of abeolute right to tAe blortg~gee aad that t6e sacae m~y be done without nocice W the M~ a~ ~ ; v ~ ~ Ii forecloeure proceedings should be instituted againet the property cov~ed by this mortgage upon any other lien or cLim ~rhetlw alieged to be ` eupaior or juoior to t6e lien of this mortgage. tIf! :~~Oli$SgE! QLy at IIiS OQLIOfI tIMlBdll[E~ OpOD IplA(CtN10~ O~ 6I1Cb SUIL Ol di1r171g ~Cf L}f!flOl ` dect~re elses morc8eg~eead ~+e iedsb~dne.~sse~ausd hereby due end y~.rsble forch.rich and may ac ics opciaa prooeed w Eoreclo•e eLis mort8.ge. ~ _ . 1 g I'ltut the Mortgagor rrill keep all real aod peraowl peopertv aow or heceafta encumbe~ed by tbe lieo ot tAis mortgage ia~ured aa mry be required from ~ time to time by the Mongsgee ~gainst bse by fire. windscorm and otiier hazard~. casualties aad oontingmcies far auc6 periods and for not kss t6~n = ? wch amounta as may be required by the Mortg~gee and w p~y promptly whw due a11 premiums tor euch ituunnce. 71?e artwunte ot imur~noe required by the Morgagee ~half be the minimum amounts for which ~aid inauranee shell be written and it ~U be incumbe~t upon t6e Mortgagor W m~intain sucb i additionsl ins~uancs o m~y be neceswy w meet ud oo~ly [ully with all co~irtwr~nce rcquiremmta oontained in ~aid policies w the ad tlrt the a~id ~ Mortgsgor ie not s co-insuror thereunder. Inaur~nce shsll be writte~ by a oomp~ny or oompanie~ approved or designated by the Mortga~ee and atl pdi- ciea and renewale tbaeot shatl be heid by t6e Mortg~gee. All detaikd deaignations by iheMortgagor wbich ~re acoepted by the M menis between I1lortgagot and ,1ortg~gee relating to iasuranCe.~nmv e=iating or 6eresfter m~de, a4all be in writing and s6~1! be ~ pa~a o[etlrs ~matg~ge egreemeM u tuUy as choug6 set fort6 ~~erbacun herein snd shall govem both parties I~ew aed thar suooeesors and ~a. No ii~ upon ~n~ of said policies ot insuranoe or upm aay refund or returo prernium wAich m~y be pyabk on the canceDation or terminatiau t6eeot, sh~ll be ~ven W other t6an = the ~fortgagee. e:cept by proper endonement atfi:ed to aucA polity ~nd ~ppoved by Mortgagea Each policy of insur~aoe shtll L~ve ~t6zed theeto • ~ Standard New Yorlc Mortgagee C1aux witlaut Contributiao. msking aIl losa or [osses under suc6 po4cy p~Yable to tLe Mortgag~a ~s Ra iatare~t may ap. s pear. In the eveat ~ny wm or eums of money bewme pay~bb thereunder the Mortg~gee ehall tyve the option W rcrdve and apQly the s~me on ~cao~uit of the indebcednes.+ hereby xcured. or w permit the Mortgagor to receive and uee it. or aey part tl~eof. withont thereby w~iviog or imp~icin~ any squi- ti, lien, or right undrr a od by virtue ot this mortgage. Io e~~ent of bss or physieaJ d~m~gs w t6e mattg~ged property ths MoK~tgur shall ~w imtn~ate ' , _ BGOK~~S PAGE14~ - t > ~ ~ ~ ~ ' _~.x _ .t_,..= M~-~ ~ ~ _ . ~ ~ _.3~~-.