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Home My WebLink About2500 PROVIDED, AI.WAYS, that if the Mortgagor ahaU pey unto the Mortgagee the iadebted~ess evidenoed by a oertain promissory note of ~rhich the following in ~rorda and figures ia a true copy to-wit: i t i ~iHN~+e~ 7~su = 5, 550. 00 Fort Pierce, F~a;d, September 8, 73 ~ _ Fo i a ve 1 ~~o ' ; ~ s Pr'~ Par~, - ' to the otde~ a( ~ - ~ the p~ncipal sum of ~I~IF TH0~ISAND FIVE HUNDRFD FIFTY AND nQ/1Q~LLARS, to6ethet rritF~ int~ lhereon from date ~t the nte oi ten pcrcent, pe~ annum untii matucity, t~oti~ ~i~ipai and intcrest beis~ ptyabk iw lawful moner uf the United 5tstea at 2244 Biscayne Blvd., Mwni. F'lorida. or at weh othe~ plaee as thc hdden hereot n?ry desianate i~ wnti~. Principa) and intcreri pay~blc in in~Wlmcnb r ldlov~rs: ~ ONE HUNDRED TEN ($110.00) DOLLARS per month beginning on the lSth ~ day of November, 1973, and continuing on the 15th day of each and ever-y mo~th thereafter ~ntil paid in full. - ~ I Th~s note may be prepaid ~n whole a in part aftet one yeu ftan tne date hsteof upon payment of a penalty equ~valent to five Dercent of !he p~~ncip~l sum prep~id. ~ach imtaliment parment shal) be credited fint on the intetest due, and the trmaindet o~ prineipal: aed interr~t ~hall tl~ete- upon c~ase upun the pnncipal so credited. Th~ makers snd ~ndorsen of this note further a`ree to waive demand. notice o[ non-paymrnt and protest. and in thr evenl suit ~ ~{ull be brouRht fo~ the coilection hereo~, or the aame has to be collected upon demand o[ an attotnep. to pay reasonsbk attorney'f ~ (rr. [or making auch collection. _f Def~ned paymeou hereunder ahatl deat interest at the ate of ten pereent per annum fro~n inaturity until paid. ' q l~hi. not~ is acured by a nwrt~e of even date herewith and "u to be construed and enforced aecordin~ to the IaMrs t tf+e ~tat~ ot Flnrid~; upon delault in thepa yment of principd •ndlo~ intt~eat ~rhen due, the v?hde eum aI principal and ' teerd rrmainin~ unpaid ahdl, at the option of the hoiden, beeome immtdiately due d pay . ~ ~ r~'~-~~`-'r { 'AL) ~~GC~i.~+-~c~- ' ~ L~ Z- (SEAL) and shall perform, comply with and abide by each and every the stipulations. agreements, conditions and covenants of seid promisaory note and of this deed, then this deed and the estate thereby created shaU cenae and be null and vad. 1. The Mortgagor hereby covenants and agrees: " 1~1 1b p~y all and singuLr the prindp~! and iuterest and other aums of money WYable by virtue of ~aid pcomiseory note aod tbis deed. or either. P~~Pdy oa the d~ya respectivdy the same aevenlly beoome~ due. 1 bl To permit. commit or suHer oo waste u~d to maintain the improvements at alt timea in a stace d good rep~ir and oooditiag ~nd w do or pe~mit to be done to said premixs nothing that will altet or change the ux and d~trader of said ProP~7 ~~~7 ~Y or weakeo t6e senait~ ot this } mortgag~ And in cax of the refu~al. ne~ect or imbitity of the Mortgagor to rep~ir and mainuin said prnpaty. t6e ldactg~gee may. at his optiog m~IQ -suE~iepairsoruueeti+eauastobsa~ada.aadad4anc4mw~sysiotaasbdLl~ ~ I i c) To pay all u~d singu4r t6e azes. assea~ente. levies. liabilitiee. and obtigations of e.~ery nature oo said deaeribed property e~ch and rvery ~rhen due ~ and p~Yabk accading to law. befae tMy become delu~quent. and to deiiver w the btortgagee on ar before March IStb of e~ch yeu tu reoript~ ~ ehdencio8 ~ WY~nt of dl Lwfuqy imposed tazes for tDe preoeding cak~r yev: to id~nify tbe Mortga~ee npon hia dem~nd for sll t~ies. sssaw ; meota.na ctarges ch.c m.y be.asaeea upon ehis mortgage on t6s indebted~s xc~sea l~ueby. ana pua by che morpgee, w;thoae rragard w.ny 4v ~ I~eretofore enscted or h~eaher w be enacted imP~++~B WYme~ o! t6e wAok or aay part t6e~eot upon the Moctgagee ; ~ f d I To p~y all and sngul~r the casts. chsrgea aud espensea, including lawyva' feee and abettact o~ts re~sootbl~ inevrred ar p~id ~t aa~ time by the ~ Mortgagee becawe ot tbe failiue on the part ~ the MorcpB'a ~ P~~• ~Y wit6 and abide by e~cL a~ every tbe stipdatioo~. ~ge~ts. ~ con~tiau wd oovcanta of a~id promi~.+ory note and this deed. or e+ther. and every sueL p~yment sh~U bev inte+est tmm dace at tLe nte dtm I10°EI ~ per oentum per aenum ~ lel !t ie further covemm.ed ~nd agreed by aaid pvties that in the e~eat of a suit being imtituted W forecbx this mortgage, the Mort~ee sA~ll be entitled W~pply at any time pending such foreclosure suit W tbe oourt h~viag juriedietioo chereot tor t6e ~ppaintment of a reoi~ver of all aod a~uhr the ~ ~6~8~ P~Y. and of dl rmts. iooo~nea. P~te. issuea and rrvenues tMreoi. from whataoever souree derived: a~ t6~on it is hs*bl ~7 coveoanted and agreed that the Court al~ll torthwith appoiat ~nc6 rearivQ with t6e awal powas ~nd daties d reodvete in hl~e eases: aod sid appomR- ~ ment shsll be made by the oourt ae ~ mauer ot ~trict right w t6e MQtgagee. ~ad without retamee w the adeqo~ey ar io~deq~e~ ot the vab d t6e pts ~ P~Y ~Y mortgaged, or to t6e sotveecy or ineolveocy of t6e Mut;agors ar any ot6er party d~md~nt W such s~at.lLe Ma~tsa~or hseb!' ~Qseif- ~ iaUy waives the rigfit W object W t6e appointm~t of a reoeivs u afore~id and be~eby ezp~lp oo~n~mts thtt aud app~oiotm~ot ah~U b~ m~de as an ~ ~ admitted equity u~d as ~ matter of abaoluce right w We Mortg~gee and t~at t6e same m~y be done witboot notiee w tLe Mort~- ~ Ifl It foreclosure prooeedings a6wld be instituted again~t the propary cm~aed bY ~~8+~8'e ~OD a~' aher lieo or cLim wbeth~ alieged W be ~ superior or junior to the lien oi thiu mortgage. the Mortgagee may at his aption immediatdy upoa imtit~ion ot aaeh sait or during tbe p~dmcy thsaot ~ Ane•L.rn t{.i. e~vr?ga~anrl 1.s i.Ll.ear#naa~ ~nrurwrl hw~shy due wn p4Y.F,le kHtl~wri~ti ~nd mAy .r i~~p~~p[OO~ldt~+ itfl'![~L w~~ mOrt~~iR - 1 B I That tM Mortgagor will keep all ~eal and P~ P~P~+tY now or 6aeafter enaunbaed by tbe tieo ot thie mortga~e ineured as m~~ ba ieqaired it_am ~ tune to time by the Mortgagee againet loss by 6re. windstorm and other h~zuds. casu~lties and aontiageociea far soch pQiods ~od ter mt Iw th~n ~ such amounta as msy be roquired by tLe Mortgagee and to WY P~PUY wbm due alt premiu~ for ~oc6 ineunnca 1be. amon~ ot inavaooe eeqa~ed - by the Mwgagice ahall be tbe minimum amoimts for which aaid ins~aanoe ahall be written and it ah~U be inwmbent upm the Yartgaaor to m~otaio aur~ - additionsl ins~a~noe ~s may be neoes~ary w Q~set ~nd complY fiil17 wit6 all oo-iawranoe ~equ'vemaots oootainsd 'm s~id potior w tLe md tLat c6e a~id ~ Mortgagur is oot a oo-insumr thece~nder. Ina~uanoe s6all be wrium by ~ oompany or oomp~nies appeoved ur design~ted bp td ltatpps ~od a1l poG- ciea and renewals tl~aeof s6all be hdd by t6e Mortgagee_ AU detaikd dn~ign~tions by t6e Mortgagor wLic6 aro aoo~pted by th~ I?/acta~ee and all aBs ments between Mortgagor and Mortga~ee rdating w ins~uanos. now esiating or hece~Rer made. a6a11 be m writiug and ahdl be a psrt of tbit martp~e agrcement ~a tully as thoug6 xt forth verbatim heran and sh~ll go~Yrn boW p~rties heceW and tber suaxsson and usigns. No iim apon ~ of said policies of insurance or upoe any nfund or return premium whicA m~y be peyable on t,Le canorBation ar tarmin~tian thsed, ahall be ~ivao W ot~ th~n - the blortBnBee. esceP~ bY P~oPN endonement aftued w such po&.y and approved by Nortgagee E~ch pdicy ot ianvanoe ah~0 Mve ~f6~ed tL~eto ~ ~ Standard !r'ew York Mortgagee Qaux witlwut CoMributioo, mdcing aU bss or losses ~uider su~L P~7 P~ri~ w ths ~Iatgaaee ~s it~ int~ea~t mq aP ~ pe~r. In the evsoc ~ny sum or siuns of money beoome p~yable therw~nda t6e M~tgagee sF~ll h~ve tbe optim w reoeive and ~pp1f t6~ a~me on ioooiait of tbe indebcedness heneby securPd. or w pvmit the Mortgsgor w reoeive ~ad use it. or any part the~of. without c6eisby waivio~ or imp~iriof +n7 ~9m- ti, lien, or rig6t under aod by ~~rtce of thi~ mortgag~e_ In event of Iw~ or paysial d~m~ to t~e mort;~d ptop~rty t~ Yort~a~or shdl pw imm~at~ "s'•s' ~ : 8UG1; ~~O PAGE2497 . • ~ . _ - ~ " ; ~ zx _ , ,..~r~_.___ _ _.~Q~