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Home My WebLink About1014 . . , . PROVIDED, ALWAYS, that if the Mortgagor ahatl pay unto the Mortgagee the indebtedness evidenced by a • certain promiasory note ' ot which the following in worde and fiRures ia a true conv tawit: b r 29 7 3 s~, S50 _ 0~ Fort Pierce , F~~;d, , Septem e , t~__ FOR VALU~ RECEIVED ~1E ' ointl and severall promise eu pay . to the order ot B ENJAMIN A. DS the principa) sum of FTVF. THOUSAND FIVE HUNDRED FIFTY AND t~o / 100DOLL4RS, together with int~rr.t ihereoe Itom date at the rate of ten percent, pet annum uotil maturity. both principal and interest being p~yable in lawful money ut _ th~ United States at 2244 Biacayne 81vd.. A1i~mi, Fiorida. or at such other place as the holden hereot m~y design~te in w~iti~g. Pri~cipal and interest pay~ble i~ inaWlme~ts as ~ollows: y ONE HUNDRED FIFTEEN ($115.00) DOLLARS per month beginning on the 15th day of December, 1973, and continuing on the lSth day of each and every month thereafter until paid in full. ; This note may be prepaid in whole or in part after one year ftom the date hereo[ upon payment of a penalty equivalent ~o five percent of the principat sum prepaid. • . Each installment payrrient shal) be cadited firat on the interest due, and the temainder on principal; and int~rc~t ~hall thrrr- I upon cease upon the principa~ so c~edited. The makers and ~ndoreers o[ this note tutther aatee to waive demand, notice of non-payment and protest, and in thr event suit (,i~all be brought to~ the collection hereof, w the same ha~ to be collccted upon dcmand of an attomey. to pay r~asonable attorney's ~ (rr. (or making such collection. ~ Deferred paymcnts he~eunde~ shall beu inte~est at the ate of ten percent per annum irom maturity until paid_ 7'hi+ note is ~ecuted by a mo~tpae ot even date hcrewith and is to be construed and enforced accarding to the laws ot the ~ ~tate of Florid~; upon default in the payment of principd andlo~ intereat when due, the whole sum of principal and intereat rrmainin~ unpaid ahdl, at the option of the holdce~, become immediately due ~nd payabla ~ - ~ ( f-L r, L i , ` _ ~ - 1 ~ ~ s a~~ ~ ( '.~I2~ti~~./ l~ ~~-r~ ( SEAL) ~ ~ ~ SI ~ (SEAL) , ~ ~ and shall perform, comply with and abide by each and every the stipulations, egreements, 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 covenants and agrees: lel To psy all and singul~r the prinapel and intereat and oth~ sums of money psyable by virtue of seid promissory note and this deed. or either. prompUy on the days respeccively the same xverdly beoomes due. i Ibl To permit. commit or suffer ao wastt and to maintain the improvementa at all tia~ea in ~ state of good repair and condition. and to do or permit to be ! doce to ~aid premixs oothing that will alter or change the ux and ch~raURr of s~id properiy or in any way impair or w~eaken the security of this i mortgage. pnd in cax o! the refusal, negkct or iaabiGty of the Mortgagt?r to repair and maintain said property, the Mortgagee may, at his option, make s such ropairo or q~x the same to be made, and adv~n~ moneys ia thst behalf. 4 ~ Icl To pay all and singuLr the tezes, sssessmeats, kvies, liabi6ties, and oWig~tiow otevery aature on said dexribed property eech and every when due F and psyabk accocding to lew. before eMy become delinqueat. aad to deli~~er to the Mortgagee on or before !Narch 15th ot each year tu receipts € evidenciog the psyment ot all 4wfully impo~ed tazea for the preceding calendar yeu: to idemnify the Mortgagee upon his demsnd tor all taze~. assea~- S ments and clurges that may be a~eseed upon tlu3 mortgage on the i~ebtedne~s ~ecured 6erebq. and peid by the morgagee. vvithout regud to any Lw ~ herewfore eaacted or hve~her to be enscted imposng paYment ot the wbole or anY pert ihereof upon t6e Morcgagee. ~ ~ d 1 To pay all end singular the coete. c6argea snd e:penxs. including 4wyers' teee and ~betract aosu reaaooably inwrred or paid at any time by the ~ !Nortgagoe becaux of the failure aa the p~rt of t6e Mortgagcir w per~arn?. aomply with and ~bide by esch and every the stipulatioa+. agre~nenu. ~ rnnditi~a and oovenenta of said promi~eory noce and this deed. or ather. and every such psyment s6a11 bear inte~est from dau at the race ot t~ I 10°ic 1 per centum per ennum ! ~ lel It is fiuther rnvemnted and agreed by said parties that in the event o( s suit being instiwted W foreclose thia mortgage, the !~tortgagee shall be ~ entitkd w apply at any time pending such [oreclaaure suit w the oourt having jurisdiction thereot for t6e appoinunent of e receivu of all and singu4r t6e ~ mortgaged propertY. and of ell r~t+. incomes. profits. iasues ~nd revmues thaeot. from ~vhat~oever aouroe derived: and thereupon it i~ herebY ~Pre~Y „ covenanted and agreed tlut t6e Court shall torthwith appoint such reoeivv with the usual powra~ and dutie~ of receiven in like eaaer and aaid appoint- ~ ment shall be made by the court as ~ m~uer of strict rig~t to t~e Matg~gee. ~nd without ~efereace w t6e adequ~cy or i~dequ~cy of the velue of tLe pro- ~ Pe+~Y ~Y ~8+8~ or to the eolvmcy or insolvency o! the Mostgagors or any other party deimdant w sdch suit. 'lbe Mortgagor hsreby apceif- ~ ially wnivee ths right W object w the appointms~t of a reoeiver ~s ato~eaaid and herebY e:preaalY oonsents tbat sucb appointment alull b m~ds ~a an admitted equity Lnd as ~ matter of abeolute right to the Mortg~gee and thst the asme may be done without notice w the ~lortg~gor. ~ i[I If forecb~ure prooeeding~ should be i~stiwted egurut the property cove~ed by tlu~ mortg~ge upoo aay other liee or cLim ~vhethv alkged to be ~ superior or junior to the lien of thie mortpge. the !1~ortgagee m~y at his option immediately upon inatitution of such suit or during t6e penda~cy thereof declare this rtartgage and the indcbtednea+ secured hcYeby due and payabk forth.vith aud m~y at its option proceed to foreclooe this mortgage. - 1 g 17bat the Mortgagor will keep all real and person~l property now or heeeaRer sncvmbered by the liee of this martg~ge innu+ed ss msy be ~equired from - - time to time by the Martgagee against b~ by fire, windatorm ~nd ot1~r huards. wudtiea and mntiogar~es for such periode ~nd tor not les~ tlun Y. such amounts as m~y be required by the Mortg~gee and W p~Y promptlY wbm due all premiuw for such insunnoe. T6e amounta of inewance reqaired by the Morgagee ~hall be the minimum amounte (or w hich eaid insuraae sh~!! be written and it ~lull be incumbent upoa t6e Mortgagor w maintein sw.h ti~ additeon~l ina~~m as may be neoeswy w meet and oomply lully with atl co-irouratte requirementa oontained in esid policie~ to the end that the ~eid ~ Mortgagor is not a co-insuror thereunder. Insur~nce shall be wriuen by a company or oompanies ~pproved or deeignated by the Moctgagee and ~11 pdi- cies and renewala thpreof shall be held by the Mortgagee. AU detailed deaign~tione by the Mortgagvr which are accepted by the Mortg~gee and all a~ee `~t ma?ts becween Mortgagor and Mortgagee relating to iasurance. no~v e:i~ting or here~her made. ahdl be in arriting and ahall be a pert of this roortgage agreemeru aa fully aa thoug6 set [orth verbatim heiein and shaU govem both perties hereW and char wocasaora and ~saign~. No lira upon any of asid ~ws c~, poiicies of insurance or upon any refund or return pr~nium wl~ich may be p~yabk on the cancdlation or terminstion theieof, ahaU be givm to other than - tLe Jfortgagee, ezcept by proper endoraenrnt affi:ed to auch policy and approved by Mortgagea Each pofity of insurance sha116ave af5zed cherew a Standard New Yorlc Mortgagee (aause ~rithout Contribution, making ~Il loes or loexe under euch pdicy p~Yable co the Mortgagee as its icxerest mp pear. In the event any sum or sum~ of money become payabb thereuudv the liortgagee shall Ivve the option to recdve and apply the same on ateamt of tl~e indeatedneae hereby ~ecured. or to pertnit the Mortgagor to receive ~ad use it, or any part c6veof, ~rithwt thueby waiving or imp~iring ~ny equi- } ti, lien, or rig6t under aad by virtue of thi+ rtartgage. In event of bss or physial dam~ge co tds martg~ged propxty tba Mortg~gor shall give immsdiate ~u ~ ~ ~ Ri BOOK219 PAGEIOI~ ~ ~ . ~ ~ ~ - - ~ ~ ~ ~ { ~ < _ ~ r M . - , _