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Home My WebLink About0024 PROVIDED, ALWAYS, thet if the Mortgagor shell pay unto the Mortgagze the indebtednesa evidenced by a ; certain promissory note of which the following in words and figures is a true copy to-wit: ; '~e~~ '~e 1 475.00 ,~ort Pierce, F~o~;d„ September 15, t~_ 73 - FORLV~~I~E~tEC~~L~~ WE, iointly and severallYz p~om+setupay ~ tu the orde~ of _ ' the pnncipal sum ot ONE THOUSAND FOUR HLTNTJRED SEVENTY-FIVE ando t ethrt with intcas~ ~ th~reon trom date at the r~te of tee ptreent, per annum uotil maturity, both principal aod i~terost beir?~ payadle in Iawlul money u( ~ th~ U~ited 5tatea at 22~t4 Biecayne Blvd., Miami, Florida, or at wch other plue as the holdus heroof may dai~ate in writina. s Principal and intercit pay~dle in insWlmenu as [ollows: THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day of November, 1973, and continuing"on the 15th day of each and every month thereafter until paid in full. ' - Th~s note may be prepaid in whole or in part aftet one yeu ftom ihe date hereof upon payment of a penalty equivalent co f~vc percent of the pr~ncip~l sum prepaid. . F~ch imullment payment shall be credited fitst on thc intereat due, and the romainder on principal; and intrre~t ~hal) tl~rrr• ' upon cease upun Ihe principtt so ctedited. i Th~ makers and ~ndonera of thia note turther ~ree to waive demand, notice o[ non-payment and protest, and in thr cvent suit j.I~all be b~uught for the collectio~ hereof, o~ the aame haa to be collected upon demand o[ an attorney~ to pay nasonable attorney'F I frr. tor msking such collection. ! Drfer~ed paymenta hereunder shal) bear intereat at the rate of ten percent per annum [rom maturity unti) paid. 7'hi. not~ ia eecured by a mort~e of even date herewith and is to be comtrued and enforced according to the laws of the l ~tat~ of }lnrida; upon de(ault in the payment of principd and/o~ intue~t when due, th hole wm of paneipal and intereat rrmainmg unpaid ahall, at the option of the holden, becotne immedi ~y due and payabl ~ ~ j ~ ~ ~ (S~AL) ~ ~ ~ - ~ I ~ ~ ~ ` ' (SEAL) tl ~ and shall perform. compty with and abide by each and every the stipulations, agreements, conditions and covenants of said promisaory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby rnvenants and agrees: ; lal To p~y sll and singuLr the prindpal end intereat u?d other sums of money payaWe by ~~irtue of said promissory note and thiu deed, or eitl~er. ProQ4vY oo the days respectivdy the ssme xverally beoomes due. ~ ~ I b1 To permit, commit or auffer no weste and co maintein the improeements at aU times in n state of good repair and condition, aod W do or permit to be i done to aaid p~emixa nothing tbat will alta or chang~e the use and cluraster o! s~id property or in any wray impair or weaken the ~ecurity of this i moriga~ge_ Aad in we ot the refusal, aegiect or inabiGty of the Hortgagor to repair and maintain said property, the Dlortgagee msy, at hia option, make ' such repairs or uwe the ssme to be made, and advance moneys in that behalf. i t ; Ie1 To pay ell and eingular t6e ta:ea, assessments, kvies. lisbilities, and obligations ote~rry neture on ~aid described property each and every w~hen due ~ and payabie according co law, before they beoome delinquent, and to deli~-er co the Mortgagee o0 or before March 15th of eac6 year tu receipte evideacing the payment of sll lawfully imposed taze~ for the p~eceding calendar yesr: to idemnify the Mortgagee upon hi~ demsnd for all tues. asseso- E meata and char~es that msy be asxs.~ed upon thi~ mortgage on t6e i~ebtedness secured heseby. and paid by the morgagee. wit6out reg~rd w~ny Lw ~ hereto(oie emcted o: heeafter w be enacted imposing payment of the wrhoie or any part thereof upon the Mortg~gee. a ~ ~dl To pey dl and singular t6e costs. c6arges and e=penees. including lawyets' feea and abstract oosts ressonably incvrred or peid at any time by the ~ ~tortgagee becau~e of the f~ilure on tise part of the Mortgagor w periami, oomply with and abide by each and every the etipul~cioa+, agree~nents. ` oondition~ and covenanta of s~id promissory note aad thie deed. or either, and every such payment shall bear intereet from date at the nte of ten i 10'+~ 1 ~ ~ pvi centum per ennum. ~ ~ lel It is further covemnted and sgr2ed by said perties that in the event of a suit being instituted to foreclose this mortgage, the Mortgagee ahall be entitled to ~pply at any time pending such forecloaure suit to the oourt having juri~diction tf~ereof for the sppointme~nt ot a receiver of all and singular the ~~6s8~ P~KY. and of sll renW. inoort~es. profite. iswes aad re~•enues thereof. from whataoeva souroe derived: and thaeupon it is 6aeby espreaslY co~~enanted and agreed that the Court shsU forthwith appoint stuh reoeir•er w~ith the usual powae aad dutie.s oi receivecs in tike uaes: ~nd aaid appoint- ment shall be ~de by the court aa ~ msuer of strid rigbt w the Matgagee. and without refuence w tbe adequ~cy or in~deqwey ot the vtlue of t6e pev ~ pertq hereby morcgaged, or w t6e solvmcy or ia~ulvmcy of the Mortgegon ar any other perty deteadant w suc6 suit The Mortgagor 6emeby apeeit- ia0y waives the right to objeet W tde ~ppointm~t of a rooeivv ss afors~id aad hereby ezpressly oon~enca that such appointment ~ll be made u~n - sdmitced equity and as a matter ot sbeolute right to the Mortg~gee and that the same mey be dor~e without notice to the Mortgsgcx. ~ ~ ~ 1f1 It torecbwre proceedings should be instituted against the property covered by this mortgage upon any othQ liea or claim rrhether ~lleged to be auperior or junior to the lien d this mortpge. the !~Sortgagee msy st hie option irtunediately upon inetitution of ~uch s~rit or during the pendmcy thereof ~ declare this mortgage and the indebtednes~ secured hereby due and payable forthwrith and may at ita option proceed W[orecbse this mortgage. 1 g l That the 1?tortgagor wiU keep all real and personal property no~c or h~eafter ancvmbe~ed by the lien of this mortgage inwred as rtuy be required from ° [ime co time by the AQortgagee against loss by fire. windstorm and other hss~rds. cesualties and conting~ciea tor such periods and for not les~ t6~n ~uch amounts u may be required by the Mortgagee and to pep promptly when due all premiums for such inwrance. The smounte of iasuru~ce required by the Aforgagee shall be the minimum amounts for which aaid irourance shall be ~rritten snd it shall be incuinbent upon the Mortgagor to maintain aueh r additanal ia~urence ss may be neoeawy W meet and coa~ply fiilly with all co-insurance requ'vementa contained in ssid polici~? to the end tiut tbe s~id ~ Mortgagor is not a co-irvuror therennder- inaurance ~hdl be ~vrium by a company or mmpanies approved or deeignated by the Mortgagee u~d all pdi- cie4 and renewds thereof ~hall be held by the Mortgagee. AU detailed designations by the Mortgagor w6ich ue ~ccepted by the Mortgsgee and all a~ee mente between 1ltortgagor and ylortgagee relating W irourance. rw~r ezisting or hereafter made. a6all be in Rriting and a6a11 be a part ot t2~ mortgage agreemerN as fully as thoug6 xt torth verbatim hueia and shall govern both perties hereto and thar auocessors and u~s. No lien upoo ~ny of nid pol~cies of insurance or upoo any refund or returo premium which may be psyable on the cancellation or termination tl~aeot, ahall be given to other than vt r endorxment atfi:ed W such fi and a p ved b'~Iort Each ot insuranoe sh~p irve affised thaeW a ~ the alortgagee. ezcept bY P+DPe Po ~Y PP~ Y~ 8~8'~• Po~Y Standard New Yor{c Mortgagee Claux ~vithout Contribution, maicingall loas or loexs under ~uch policy p~yable to tbe Mortgagee u its i~treet m~y a~ In the event an wm or swn~ of mo become yable t~eleu~er the M ehall heve the on to reqive ~nd ~ the same on ~coau~t ~:X; P~• Y ~Y Pa ~8~ ~ PP~Y s'x; of the indebtedness hereby ~cured. or co pennit the Mortgsgor to receive ~nd use it, or any part thereof, wdthout thereby waiviag or impairing any equi- FS ti,lien, or right under aod by ~~rtue o[ this nwrtgage- In event of loss or physiul daRUge to the mortg~ged Qroparty tbe Mortg~r shall givs imms~ate ~c Ry PAGE • - . ~zy~ DQ~1~~~~ • `s:^ ~ ~ Y '3: : ~ ~ _ ~ 3°"" ~~..~`~3~`~~ ~ r,~.,~~ `~Z, ~ 'zj Y ~ ! a`~1. ~ ^ ~ "'a^;e'~+~,'.~-~ 5 dr . ~'.y"~"'S~-~_~,~`.c:F~"s'~n"c~-''-",>~^'_'a.~.., _ .r~-~~:...~':r°5