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Home My WebLink About0612 PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness e~ide~ced by e certain romissor note ot which tbe following i~ worda and figures is a true copy tawit: , ~ s 1,550.00 Fort Pierce, Flo~da SeQtember 20, ~~_73_ ~ fOR VALUE RECEIVED_ _ WE, _ jointly and severally, p~omi.e ~u pay eh~ ord~r ot G EORG E FRI E- FRI EIR~N-,~Ib'-WIFE the pnncipal ~um of ON an n0 I.L4R.S, together with interrst ~thereon (~om date. at the ratt o[ ten pereent, pe~ ~nnum until maturity, both principa! and intereet beinR p~yable in lawiul money u( ih~ United ~tatea ~t 2244 Biacayne Bird., Mi~mi, Florida, or at wch other pl~ce aa the holders hereot m~y desi6n~t~ in writing. P~ncipal and intereit payable in instdlmenta u follows: FORTY-FIVE ($45.00) DOLLARS per month beginning on the lSth day of Nover~ber, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prep~~d ~n whole ot ~n part after one yeat from the date hereo( upon payment of a penalty equivalent t~ f~ve percent of the principal sum prepaid. Each in•tallment payment r.hall be cr~dited lirat on the interest due, and the nmainder on principal; and intrrr•t •hall thrrc- upon cease upun the principal so credited. Th~ makers and ~ndorsers o! this note further agree to waive demand, notice of non-payment and protest, and in thr ~vent ~uit ,i~all b~ brought (or the collection hereuf, or the aame haa to be coilected upon demand ot an attorney, to pay rca~onabl~ attorney'~ frr. for making ~uch collection. ~ D~f~rred paymenta hcreunder ehall bea~ interest at the nte ot ten percent per annum from matuaty until paid. j 7~hi. not~ ia acund by a mort~ge of even date herewith and is to be construed ~nd enfocred according to th a~is of the ~ ate of Florida; upon default in the p~ymrnt of principd and{ot i~te~tat when du~ the whole eum of p~n~ipa and inter'at j maining unpaid shdl, at the oPtion of the holder~, become immediately due an fyaNe. I ~ ~ ~ ~~c/G i ~ L~l! l' (SEAL) ~ ~ } 1\% • i ~f / /K ~ (SFAL) ; % and shau perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of seid 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 agrees: 1~1 To p~y aU ~nd aingular the principal and interat ~nd oWer su~• of money p~Yable by ~irtue of eaid promisaory rote and thia deed, w either. W'o~Pdy on the days respectively the aame setirerelly beaomes due_ 1 bl To pertnit, comrtrit or safter no wsste and co maintain the improvemnu at aU times io a state of good repeir and conditioa, and W do or permit to be done to aaid prenuxs nothing that will s4er or clunge the ~ue and char~cter ot said property or in any wray impair or wYSken t6e security of thia ! mortgage_ Aad in cax of the rehual. negMxt or inebitity ot the !1lortgagor to repair and maintain said property, the Nortgagee m~y, at hi~ option, makr such repairo or uuse the same to be made, and sdvance moneys in that behalf. ! ~ Icl 'fo pay sll and sinqulu the tazes, asxssenente, levies, liabiGties. and obtigations o[ every nature oa said dexribed property each and e~~ery w hen due 6 and psyable according to law, before the~• bernene delinquent. ~~d to ddiver to the Mortgagee on or before March lSth ot each year tu receipts ( e~~deiring the psyment o( aU 4wfu1}y imposed tazea fw the preceding calender yesr: to idemnify t6e Mortgagee upoo hie demsnd tor all taze~. asseas ~ menta and ehargea that may be ~aaeaeed upon thia mortgage oo the indebtedness aecured baeby. ~nd ptid by the morgagee. wit6out regard W any 4w heretofore enacted or haeaher W be enacted imposing p~yment of tlu whole or any part thereof uQoa the Mortgagee. ~ ~ ~dl To pay dl and singular tbe coaW. charge~ at~d ezpea~es. including 4wyers' fees and ~bstract oo9t~ reasooaWy iavrred or paid at any time by the ~ Nortgagee becauee of the tailure on the put of the Mortgagor w perform, eomply with and abide by esch and every the atipulatiow, agreenents. ~ rnnditions and rnvenants of eaid promia~ory ~wts and t6is deed. or either. and every wch p~ymet~t shall bear iatere~t from date at t6e nte o! ten I 10%1 ~ per centum per annum y ~ ,lel It i~ fiuther rnven~nted and egreed by said parties that in the event ot a suit being instituced to forecloae thi~ mortgage, tAe Mortgagee ahall be entitfed to epply at any time perding sueh foreclosure suit to the oourt having juriediction t6ereof for the appointment of a reeeiver of all ~nd smgu4r t6e cnortgaged Property. and of all renta. inoomq. pr~ta. iasue~ aad recmura tMreot. Gom whataoever aource derived: a~ thaeupoa it is I~ebY ~P~Y - rn~•enanted and egreed that the Conrt shall t~thwrith appoint such re~iva vrith the usual powre~s and duties of recaven in like c~ea: and eaid appoi~- ment aheU be made by tbe taut ss s rtuua of stritt rigdt w the Martgagee, and ~vitbout refuetrce W the adeq~ucy ar msdequacy of the value ot the pro- ~ ~ perty hereby mortgaged. or to the solvency or in~olvmcy of the Mortg~gnn or any other perty defeadent to e~e6 auit. 7be Mortgagor 6ereby speeif- ~ ically w~ives tde rig~t w object to tte appointma~t of a reaiver ae atoreaaid aad hereby e:peeasly ooo~ents t6at wch appointmeot sMll be m~de as ~n ~ admitted equity and as e metter ot absolute right to the:Vlortg~gee and that the aame m~y be done without notice to the Mortgagor. ~ ~ ~tY It torecloeure proceedings ehould be instituted agun~t the propvty covered by this mortgage upon aay otha lien or c4im ~v6ether ~llsged W be superior or junior w the lien of this~Kgage, the blortgagee may at his option immed'utely upon inatitution of aucA wiC or during tbe pmdency thereof - declue tAig mortgage end the inde~tedneas ~ecvred bereby dux and pay aWe torthwith and may ~t ita option proaeed w torec{ose thia mortgaga 1 g! Thet the ~tortgagor will lceep all real end pereonsl property now or Aereafter en~vmbered by the lien of tLis a?octg~ge inwred ~s may be raquirod itom ~ time to time by the Mortgagee against bss by fin. windstorm and other kazards. casualtiea end oontingeacies far auch period~ ~nd for not les~ than " such emounts ss may be required by the Mortgsgee and w WY PromP~ly ~vhm due all pramiums for auch inwnnee.lUe ~mounts ot insunnoe roquirsd ~ by the Mwg~gee alull be the minimum amounts tor w~hich xid irourance shall be written and it shall be incumbeat upon t6e Matg~gor to m~inWn ~och ~ addition~l ineur~nce u m~y be neceawy w ~neet and oomply fnlly with all aoinsurance requiremenW oontained in said poiieies W ths end th~t the e~id Mortgsgor is not a oo-insura thereunder. lasur~nce shal) be wriuen by a comp~ny or oompanie~ approved ar designated br the Mortga~ee aad dl pdi- cies and renewals thereof shaL be held by the Mortgagee. All dewled designatioas by the Mortgagor wLic6 ~re acoepted by the Mortg~gee and dl a~er ~ mente betxren ~lortgagor and !Nostgagee rel~ting to insurance. now e:isting or Fwseaher made. a6a11 be in writing aud ~hall be a p~rt ot this mortgage agreement as fully as thoug6 xt torth verbatiro herein end shall govem both perties hereW and their suoceeaon end a~aigns. No lien upon any of a~id ~i policies of insurence or upon any refund or returo premium whic6 cn~y be piyabk on tAe cancellation or terminatioo thereof, ~ll be giveo W otlier thsn r" the Moregagce, ezcept by proper endorsement affi:ed to auch policy ~nd ~pptoved by :Nortgagee. Eac6 policy of insurance s!ull6ave ~f5=ed tl~s'sW a Sundard :~ew Yorlc Mort Qause writhout Cootribut'son, maki all loas or losxa under wch abis W the Mort Baa~ P~~r wr a~~•s ic. incaroec ~oar.~ ~ pesr. In the e~ront any aum or aum~ of money b~come payable tbereunder che Mortgagee sha11 have the option to reoeivt ~od apply t6e ~ame on ~tcount ot the i~ebtedness he~eby xKUred. or to perntit the Mortg~gw to receive and use it. ar any p~rt tbereot. witlaat thereby waiviag or impairln~ wY equi- ti, lien, or right under and bq ~irtue of thiu mortgage. Io event of bsa o: physical d~msge to the moctgaged proparty tL~ MoK~ot sh~ll ~ve imta~diat~ ~ eooK 219 Pact 6~,2 . s~ . , r _ _ .y ; , . . . . . . . ~ _ - . . ..u~h