HomeMy WebLinkAbout1430 PROYIDED, ALWAYS, that if the Mortgagor aluU pay unto the Mortgagee the indebtedneaa evidenoed by a
certain promi~ory note of which the folb~ring in woc~s and figurea is a tnye copy to-~rit:
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s 1,_375 . 00 Fort Pierce . F1o~;da Au~us t 31, 19_~._ ~
FOR VALUE RECEIVED I ~ a°""'~ ~O p'y
to the o~de~ ot JOAN GROOH i
the principai sum oi ~ , to6ether v+itb iatcnest ~i
thereoe fwa~ date at the nte o[ tes pcretnt, pa anaum until mawriq, botl~ p~incipd u~d intenst bei~ p~yabk in lawtul n~oncy uf z
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the United States at 2Z~4 Biuayne Blvd., Mi~ui. E`lo~ida, or at wcii otl~ place as d+c hdde~s haeof au~? dai6ruu in "'^u"6. ;
Principal ~nd ietereat payabk in imtJlmeab a~ ioUo~rs: ~
TWENTY-FIVE ($25.00) DOLLARS per month, for thirty-five (35) consecutive ~
months, on the 15th day of each and every month, beginning on the lSth ;
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day of November, 1973, and continuing untii the lSth day of October,1976,
i at wh~ch time the balance shall become due and payable. ~
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This note may be pcepaid in wlwle oc in pat atter oae year Rom t~e date bereof u~pan payaunt ~ s pensity equivalent ~
io f~ve percent of tke principal sum Qrepaid.
Each in~tstimcnt pay+ueat shall be eredited Cust on tbe iateeest due. aad the Kmaindu ou P~~P~; ~ intemtrhatl tb~a-
upon cea~e upun the prineipal so c~ited.
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The makers and endorieR ot this note fucther a6ree to waive demand. uotice ot ment and protest. and in the erent suit
~i~all be brought !ot the coliection he~cof, or tbe same baa to be cdkcted upon deaund o aa attoroep, to pay reasonsbk atwrney i
fcr~ tor makin` such cdkcbio~• :
Defen~cd psymeets hc.eunder sh~ll bear intce~at at the nte of ten puceat per annum iran~ a~aturity unW p~o the lawa oi the {
Thia eote ~ acured b~? a nw~e ot even date hue«?ith aad i~ !o be coastrued and a~faeed accordin6 =
~tatc of Ftorida: upon defwlt in the~a
yincnt of ~al andlo~ iut~aest rrben doe. die ~rbok ~m of prmciPa! and intered ;
rrmainina uopaid ahall. st ti~e opoa~ ot the hdden. 6eeo~oe immidia~dy d~e aad P~l?a6k' :
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(SEAL) ~
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and shall perform, comply with and abide by e~sch and every the atipulationa, agreemeats. conditions anci coveaancs
of seid pmmissory note and of this deed, t6en this deed and the estate thereby c~+eated sball cease aad be null and void.
1. Th+e MorLgagor hereby rnvenants and agrees:
Ia1 To pry a~ ~nd singul~r the principal and inteiest ~nd other suaa ot m~oa~ RaYa6k by ~irtue of eaid pmmiseory mte and thb deed. or ather.
Pmmptly m the days respectiveiy the s~me seeaaliy beoomn dae. -
1 b1 To permit, cominit or wHer no wa~te ~nd w m~intain tlie imprvvemencs ac a11 times in a suu of good reQ~ir aod oooditioo. ~nd to do or pnmit to be .
dooe to s~id premixs mthina that wiD aher or cLanse the ~tse and chvfcter of said pcopecty o~ in a~ ray impair or wraken tYr sscurity of this
mortg~ge. And in cax oE t6e ref~ual. oegleet or inab+btq d the 11/atga~r to rep~ir amd maintaiu said propnty. the Voctg~g~ee mq. at !us aption, m~lce -
suc6 rep~irs w aux the same w be m~de, and ad~-aooe moneys in that behdt_ .
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Icl To p~y tll and aingular tbe tazes, asxs.~enta. kvies. liabilities. and o6iigatiwu of e~ery nature m aaid dexn"bed pcnpertp e~cII and every w6eactue
~ Mrible aaaediog W law. 6efore they became ddioqumt. and to detivQ W the ]~tatgagec on or befere Slare6 ISth ot e~c6 yeir tu reoeipte
~~6 ~ WY~ of all hwfully imposed uus tor the pceaedina akod~r yro~t: w id~ tbe lfortaa~ee ~~m his dem~nd for all tases. assess
mmcs and ch.rgea cbac m.y be asxa,ed u~wn t6u monga~e ao cLe indebcedness aenred heeb~. and p.id by c6e morpa~ .ritbo~u cegard w~nr la.. ~
Mewfon edcted or hesrfter w be enacted impoang payment of tLe ~hoie or a~ P~ ~4~ ~~~6~~
idl To p~y ~11 aud einguLr the costs. charEa ~~D~- ~8 hsyers'tees and abstract ooets pid at any time by the
reasooabi~ incvrred ar
~iortgagee beuux ot the failure m the part ~ the blort~gor W pesform. oomply ~rith and u~
~ide bq sc6 and ev~ the ~tiuas. ~greaumts.
coatitiau aod eovenanta ot ~aid promis.+ory oote aad tbiRS deed. ar at6er, and etisry wch pay-menc shall bsr inteiest trom d~te at ebe nte of tm 110961
~ pv oemtum per annum.
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i te! tt ie turt6er coveo~nted aad agroed by said parties thg in the event of a wit beiqs imtituted co foreclose this mort;a~e, tLe Mortgagee s6a0 be
e~titled w~pQ1y at any time peoding such (oreclas~ue suit w the oaat having j~ui~diction tAeieof ta the apQeintmeat ot a~eceivrr of all and sio~Lr tbe
~PB~ P~~P~*~Y. and of di reots. inoomes. Prdn+. issuea and ~rvenues tbvvea[. f~om w~soev~ sotu~oe derised: ~nd t6Qa~Qon ii ia 6erabY+~7
~ corhn~ated and agreed that the Court shtll tort6witb appoi~ soc6 ~teeiver ~i1L tl?e mual ptrwwes and du~ties d reorire~s in h-ke cases: ard said appoint.
; meoc s6d1 be made by che court ae • m~ccQ ot scricc ri~he co che Matga~pee, and .ithouc ~rfea,oe w cLe ad~eqo~c~ a~dequ~cy of cLe vvue of the po
i P~9 ~Y ~8~8~ or to t6e eotva~cy or insotvencY of tbe ~[ac~a~ocs or aay atLer put~ de~md~nt to soe6 smt. 7Le A/a~rt~o? L~neb~' ~peeii-
ially waives the rig~t w object w cbe a~ointment of a reoriver as afoceaaid aod hQebl a~pres~r eoa~ts tat auc6 appamtmeit sh~p be m~de as an
admitced eqtity ond ~s a m~tter of ab~olute ri61K W the Mata~gee and tbat the eame m~y be dom witbout aotice to tbe Mortga~or-
if~ If farecloaur~e prooeediags sAould be instituted ~gainsc e4e propetty co~eted by chis mortg~e npon ~aY otl~ tien ar cLim ~hether alM.ar~ w be
supenor ar junior W the lien ot tl~.s mortpge, the ~lortga~ mfy at his oQtion immediQtdy apoo imRitntioo ot wc6 siat ar daria,6 tLe peodmcy thereot
3ec4re this mortgage and t6e inclebte~ess aecured hereby due aad pay-abie fartb~i W and mry at iis optim prooeed W foeecloee this ooo~tgaga
1 B 17bac the Nortgagor will keep all re~l and P~r~oe~ Pnope*tY now o~ ~Rer eocwnbe~ed by tbe beo of tlti~ mortaaee insund as m~y be eequited from -
tims to cime by the bt«tgagee agairnt loas by fire. wina~torm aad aher h~ards. awulties aod oontiu~eociee ta wc6 psiod~ aod tor not les~ tdn
~uc6 amounts ae m~y be requua3 by tbe lfortgaaee aod w P~T P~'~PUY whea dar a~ pramiucm for wc6 iasurame. 7be aaiouMS of ias~u~noe requited
by tbe ~lorga~e ahW be thc minimum amounb tor w6ic6 eaid insirance ~11 be .ritteo ~d it shaU be inevmbent ~rpoa t6e ~lortgagor w m~ttia wc6
additiaul ins~aa~e as a~ be aeaeeearr W meu and oo~y folll ~h all oo~imurance reqoir~eats awtained io a~id po6oo W t6e eed t6~t t6e a~id
Sfatpgor is not a oo-insuror ttkreunder. Im~vaocx ~11 be ~rittm by a oompaaY er oom~pmies apaoved e~ ds~ted b7 the Moetgagee and aD poli-
` ciea and renewals t6ereot sh~ll be hdci by tbe Morsgagee_ All detailed des~ations b} tbe Mortpgor whic6 ies ~a:ptad br tbe Moet~ee and all ~eee
m~ts between Mortgagar and Alortga~ee rdatiqs to in~raooe. nuw ~tins ar hataita m~ aAall be m~rritiio6 and ~ll be a part of tLi~ matgage
agzeement as fully as though set tarth verbatim beein aad s6all govern bwL p~rties 6ereto and tLar a~+ooesaors aad as~ns. Ko lieo upon a~ ot a~id
policies of insurance or upm any refund or rewrn premium which mq be p~nbie oa the canoeYatioa or iermin~tioe tLeteo~ ahall be pvea w othh~ th~n
tbe Moregagee. ezoeP~ bY A?oAer endorxmmc affr:ed w aucb po~cy aad ~ppro.tid by llortga~ee Eac6 po&e~ d i~uunnoe sirU hwe ~f5nrd tAentn •
Stand~rd Nrw York !Natgag~ee Aawe without Cootribution. making all iobs a lasan ~ wuh P~Y P~ri~ to tbs Matpg~e as its iataert m~y ap~ .
psr. In the evsot auy eum ar ~ums of money becomc ~able tharwmdcr cbe Mort;~ee shall heve tbe optim w reoi» and appl~ tLe aame m~oount
~ of the iodebtednes.~ i~errby xcuied. ar w pvmit the Mactg~or to tett~ve and t»t it. ar any part thenoi, ~iti~oat tbs~bi ~~rL a~P~i ~7 ~Wr
; ti. lieo. or rig~t uoder aai by ~i:tue of thu moRgage. In eveoit of im or P4Y~ ~i~ ~~~s~E~ P~'oP~7 ~ 1~~i~ta ~b~ ~ imm~diat~
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