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Home My WebLink About0503 , PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtednesa evidenced by a certain promis~ory note of which the following in words and figwea ia a ttue copy to-wit: ' . ~AHW~t~ ~O~C f 5,075.00 Fort Pierce, F~~~ August 25, ~~73 F~?R ~'.4t.~:F RECEIYE~ WE, ~ointl and severally, ~m~ ~~wy t~ th~ ord~~ ~~t ~LPH ~ 1ELTZE . > th~ pnnc~pd ~~m o[ FIVE THOUSAND SEVENTY--F~-an no 0=--~p~,LARS, togelht~ with inleresl th~reon from date ~t the rate of te~ prrcent, per annum until matunty, both pnncipal ~nd interest beinR payable in law[ul moner uf thr llnited ~tate~ at '2.:~ Biacayne Blyd., ~1~~mi. florid~, ur at wch othu placc u the holden hereof may desianate in writin6. Pnncipal and int~r~st psy~ble in inatallments as foliow~: ONE HUNDRED TEN ($110.00) DOLLARS per month, be~inning on the 1SCh day of October, 1973, and continuing on the lSth day of each an,d every month thereafter until paid in full. Th~s note may be preps~d ~n whole or in pa~t atter une yeac from the date hereof upon payment of a penalty equ~valent ~o t~~e percent of the pnnc~pal sum prepa~d. Each ~mtallm~nt payment .hall be ~•r~dited t~rst on the inte~eat due, end the ~emainder on principal; and inlrrr~t shaU thrrr- upon r~aK upun th~ ~rtnci~al ~o cr~dit~d. . Th~ make~. and ~ndon.eR ot thia note further agree to waive demand, not~ce of ~on•payment and protest, and in thr ~vent sud .I~all b~ br~~uKht for tl~~ collection hereo(, or the aame 1?as to be collected upon demaod of an attorney. to pay re~sooable attorney's ~rr. fur mal~~nK wch collrction. [)rferr~d payrr.~nt~ hereuoder ehali bear ~nterest at the rate of ten petcent per annum Gom.maturity until paid. 1 h~~ not~ ie eccured by a mortgrRe of even datc h~rewith md is to be ed enforctd ~ccording to the laws o( the ~tat~ o( fl~~~~da: upon drfault in the p~ymcnt o( principd andlo~ inte at w en the whole sum o( pnncipal and interest • t rrma~ning unpaid shall, at lht option o( the hotdets, become immtdiatel dut nd abi . . / _c~~f' (SEAL) } ~ ' ,l~t ~t~,.-~- ~ /'I_~-C~~'-4J ~se~L~ : __.._._a . 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. ~ 1. The Mortgagor hereby covenants and sgrees: ~ ! 1~1 To pay all and singular the principal and intereat ~nd other aums of money p~Yable by virtue o( said promisaory aoce and thia deed, or either. ~ prompdy on the days respectivdy the aame ae~~~ally beooma due. 1 b1 To permit, commit or euffer oo waste and w maintain the improvements at all times in a atate of good repair aad condition, aad to do or pennit to be € dooe w said premixs oothiog that w+ill slter or change the ux and c}rrader ot said property ~ ia any way impair or weaken the security of t6is j mortgaga Ad! in cax ot the refiual. negkct or insbi6ty of the Mortgagor w repair and maintain said property. the ~iortgagee may, et his option, malce s such repairs or pux t6e same to be made, snd advance moneys in that belnlf. i i ~ Icl To p~y all aad ~ingular the tazes, as~es~menta, levies, liabilities, and obligations of every• aature on said dexribed property ~ch and ecery when due ~ end peyab~ aceading to Isw. betore they become delinquent, aad to ddiver to the Mortgagee oa or befare I?1arch 15th ot eaeh year tu receipt~ ass e evidcncing t6e payment of all lawfully impwed tuea for the preoeding akndu ye~r: w ide~nnify t6e Mortgagee upon hi~ demand (or aU tazes. assees } ments and c}urges tlut mty be aseeeaed upon this aartgage on t6e indebtedn~.s aecured 6ereby. ~nd paid by the morgsgee. witMut regard to any law ~ herewfore enacted or here~her w be enacted imposing paYment of t6e.olale or ~ny part t6eieot u~on the Mortg~gee. '3 e ~ ~dl To p~y all and aingul~r the coet~. chsrges end espenses. including L~rye~s' feee ~nd abatract ooeta re~sonably incvrred or paid at any time by the ~ Mortgagee becaux ot t6e tailure m the part ot the Mortgagor w perform, ooaoply with ar?d abide by eech and every tbe stipulatione, agreemmts, conditioaa and m~renant~+ of yid promiesory note and this deed, or eiths, ~nd every such payment ehsll be~sr intereat from date at the nte o! ten I 10°~ 1 per centum per annum. lel It is further oovensnted and agreed by ssid partie~ that in the event of a suit being iwtituted w for~cM~e thiu mortgage, t}?e Mortgegee shall be ~ suitled to ~pply ~t any time pei?ding such torecloaure ~uit w the aourt luving jurisdidion thereot (or the ~ppointm~t of a receiver of all and singular the ~~6~8~ P~~Y• and of all rents. inoorties. Profita. issuee and revenues thereof. trom wlutsoever aoura derived: aad t}~ercvpon it is herebY ~P~Y ~ coa•enanced and agreed that the Court ahall forthwrith eppoint such reoeiva with the u~ual powere end dutiw of receivet~ in like caeen: and aaid appoint- ~ ment ahall be made by the court ~a ~ mauer of etriet right to the Mortg~geF and without rek~eau to the adequ~cy ar in~dequacy ot t6e wlue of t6e pm~ percy 6ereby mortgaged, or to t6e eolva~cy or in~olvency o! tbe Mortgagoro or ~ny other perty de(end~nt w suc6 suit. 'Ibe Mortgagor hereby specii- ~ iaUy ~v~ive~ the right w object to tF~e appointment of a rxaver as ~toresaid aud hereby ezprza.+ly oon+mta that wch ~ppoiatm~t slull be msde ae an ~ sdmitted equity and as a matter of absolute right to the Mortgagee and that the same m~y be done witLout notice to the Mortg~gor. ~ ~(1 It torecloaure proceedinge should be instituted agaiiut the property covered by thie mortg~ge upon any otha lien or cLim wrhether alleged to be euperior or junior to the lien ot thie mortgage. the Mortgagee m~y at his optioa immediately upon institution of auch suit w during the pendenty thereof ~ - deciare this mortgage and the indebtedness aecured lmrebydue u?d payabk focihw~ith and m~y at its optian pra.~eed w forecb~e tdie mortgage. - Igl That the Mortg:gor wiU keep all real aod penood propertY oow or haesher enwmbe~+ed by t6e lien of this mortgagr insured ae m~y be required from time w time by the Mortgagee ag~inst los~ by fire. windswrm ~nd otlier h~suds. casualtiea ud oootingmc~ Eor such paiods and tor not lesa t6an wch amounte as may be required by the Mortgagee and to WY PromPUY wheo due all pcemiums [or wch iasurance. 'Il?e amounts of ineurance required - by the Morga~ee shsll be the minimum amounte (or which naid irovrance ahall be written ~od it ehall be incwnbent upon t6e Mortgagor to mainuia such additional insurance w may be neoes.wy w nwe~t and comply tnlly with dl oo-insurance requireme?te oonuined in said policies to the end th~t the aaid ' Mortgagor is oot a oo-insura thereunder. iruursnce sh~ll be writtea by a comp~ny or oomp~nies ~pproved or deaigneted by tAe Mortgsgee u?d all pdi- cies and renewals thaeo( shaU be hdd by the bf ortg~gee. AU detaikd desigoacioa+ by the Mortg~gor which are acoepted by the Mortgagee and all agtec ments between Mortgrgor and Mortgagee relating W irourara, now e=istiag or here~her mad~ a6a11 be in writiag and elull be a part of this mortgage agreemeM u fully u though xt (orth verbatim haein and ahall govern both partiea hereto ~nd thdr sucoeasore and asaign~. No lim upoa any of xid policie~ of insurance or upon any reFund or retutn premium wl~ich m~y be p~yabk on the umll~tan or tertnination tlrcreof. ~hap be given to other th~n the Mortgagee, euept by proper endorsement affized to wcA policy and ~pproved by MoRgagee. Each policy o( insur~noe ahall Fuve ~ffized thereW a Staod~rd New York Mortgagee A~ux without Cont~bution, maleing ell loss or lossea under such po6cy p~Yabb to the Mortgagee t~ it~ intereat may ap~ pear. In the event ~ny eum or aum~ of money become p~yabk t6erwinder t6e Mortgagee shall A~w tl~e option to receiw ~nd ~pply the same on atoount of the indebtedne+s hereby securcd. or to permit the Martgagor w receive and use it. or any p~rt thereof. witlwut thenby w~ving or imp~iruig any equi• ti, lien, or right under and by virtue of thu mortgage. In event of bss or p!?ysical damaga W t6s mat;~ged property tbe Mortgagor shall give iauasmace Y`y` ti;C # s°ooK~19 YACt 5~3 a3 ~ . . Y `~`S_.~ . _ ' . ' . . . - _