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Home My WebLink About2261 PROVlDED, AI.WAYS, that if the Mortgegor shaU pay unto the Mortgagee the indebtedness evide~ced by a certain promissory note of which the following in words and figures is a true copy tawit: ~,f~ :1 ~,575.00 Fort Pierce F~~;d, OcCober 6~ _ ~~_Z3_ ~ FnR VALUE RECEIVE ~ _~__~{~,~Ei~iIItlv and seYera ptomice w pay io ~h~ ord.~ ~r _ NAT FRIEI7MA~f-ANIS-T~LZ~ , IS WI thr pnnc~pal ~um ot S~NF~HOUSAND FIV~ HIJNDRED SEVENTY-FIVE ANI~ . A , teog~thet with intere.l th~reon (~om date ~t the ~ate of ten percent, per annum until maturiq, both pr~ncipal ~nd interest bein~ payable i~ law[ul money u( eh~ Un~ted 5tate~ at .''.24t Biscarne Blvd., hli~mi, florida, or at such other place as the huldets hereof may decign~t~ in writinR. Principal ~nd int~re~t pay~ble in installments ~ follow~: FORTY ($40.00) DOLLARS per month, beginning on the lSth day of December, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. TA~s note may St ptep~id m whole ot in part a(ter one year from the date hereo( upon payment oi a penalty equ~valent to f~~•e percent of the prmcipal sum prepaid. E.ch in•tallm~nt payment ~hall be credited tiret on the interest due, ind th~ r~mainder on pnncipal; and i~trrr~t ~hall thr?r- upon e~asr upun th~ pnneipal so ctedited_ Th~ maker~ and ~ndorsets of this note further agree to waive demand, notice of non-payment and protest, and in thr ~venl ~uit .I~all br brouRht ~or the collection hereof, or the aame has to bt collceted upon demand o[ an attorner, to pay rta.~onable attorney'. trr. (ar mak~ng ~uch collcction. Def~~~ed payments hereunder ehdl bear interest at the rate ot ten pereent per annum trom m~turity unti) paid. 7 hi~ nott ie acu.ed br a mort~gc of even date herewith and is tn be conetrued and enfocetd according to the laws of the ~tat~ of Fl~~ida; upon dc(ault in thc payment of princ~pd andfo~ interest when due, the whole num o[ prin~ipa) and interest rrmaininR unpaid ahatl, at the option of the hotde~s, become immediately dut ~nd payable. ~ ~.l a L-t ti 1 (SEaL) ~ t ~ (SFAL) . 1 ' ~ i:.~ 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 agrees: lal To p~y aU and sing~lar the prindpa2 snd interest usd other sums of money payaWe by virtue of aaid proaua+ory note ~nd thu deed, or either. prompdy on the day~ respectivelp the same aeveraUy beooma due. ; Ibl To permit, commit or suffer no +raste and to maintain the improa•ements et all times in a stete of good repair and condition, and ta do or permit to be i done to said premises nothing that w-ill elter or change the use and character of said propeny or in any way impair or w~eslce~ the securit~ ot this ~ mortgage. And in case ot the refusal, neglect or inability o( the Alortgagor to tepair and maintain said property. the ~lortgagee may, at his option, make such repairo or cause the same to be rtude, and ad~ anc~ moneys in that behslf. Icl To pay d1 and singuiar the taYes, assessments, levies. tisbi6ties. and obligstions of e~•ery nature on said described property ~ch and every rrhen due and payable according to la~v, before they become delinquent, and to deliver to the 1lortgagee oq or beEore S1arch lSth o( eac6 year tu reoeipts evidencing the peyment of all Lwfully impoeed tazes tor the pre~+eding caleodar year: to idemnify the Mortgagee upon hi~ demend (or all ta:es, ae~en~ ments and cliarges that map be asseseed upon this mortgage an the i~ebtedness eecured hFreby, and paid by the mwgagee, without regard to any law here6ofore enacted or hereefter to be enacted imposing payment o( the whole or any part thercot upon the Mortgagee. Idl To pay dl and singular the costs. charges and ezpenx~. including lawyers' tees and abstract oosts reasoaeWy iMVrred or psid at any time by the ~tortgagee becaux of the failure on tt~e part of the htortgigor w perform, oomply ~vith and a5ide by each and eamty the stipulation~, agreemeats. conditions and cm~enanta ot nid promis~ory note and thi~ deed, or either, and e~~cry such payment shall bear interest from date at the nte of ten I 10°~61 per centum per annum. lel !t ie furth~ m~rmnted and sgreed by said parties that i~ the event ot a suit being instituted w forecbse this mortgege, the Mortgagee ehall be entitled to apQly at any time pending such fomclosure auit w the oourt having jurisdiction thereof for the appointment of e receivv of aU and singular the mortg~ged ptoperty, and ot all rents, inoomes. proGts, isaoea and revenues thereof, from ~v6ataoever soun~e derived; and thereupon it is hseby e=preasly co~~enanted and a~eed chat the Court stull forth~cith appoint such receiver with the usual poxera and duties ot recrivera ia lilce cases: ud seid appoit?t- ment ~hsp be made by tbe court es ~ m~tta ot euict right w the Mortg~gee. and without reference to the adequ~cy or inadeqwcy ot the wlue of the pro- perty hereby mortgaged, or w t6e solven~y or ineolvency of the Mortgagoro or ~ny other party defend~nt to such auit_ The Mortgagx 6sreby specif- ~ icaqy w~aives the right w object to the appointma~t ot a receiva aa a[oressid aad hereby e:pressly oonseaW that such appointment ahsll be msde u an admitted equity and ae a matter of ab~olute rigAt to the Mortgagce and that the same mey be done ~vithout notice W the Nortg~grx_ ~(1 It forecloeure prociedings should be instituted against the property covered by this mortgage upon eny ot6er lien ot cl~im whether alleged W be su or or unior to the lien ot this mort the `tort ma at his t~on imrtw.ducel u n institution of such suit or d ttu ~y tlwreof ~ P~ ] BaBe• 6a8'~ Y ~P Y P~ ~Mti P~ s3 declare this mortgage end the indebtedness secured hereby due and payaWe for~hw-ith and may at its option proaeed to (oreclose thia mortgage- Igl That the Af ortgagor will keep aU real and personsl property nop or hereahe~ encumbered by the lien of this mortgape inwred aa msy be required from [ime to time by the Mortgagce egainst loss by fire. ~rindsto~m and other hszuds, casuaities and coatingencies for such periods and for not leu tl~an ~i such amounts as may be required by the Mortgsgee and to pay promptly whea due a0 premiurn+ for aucA inwrance. The amounta of insw~nae required v by the Morgagee shaU be the minimum amounta (or ~rhich snid invurance shall be azitten and it shall be incumbent upon the I?tortgagor to maintain such , additional i~urance aa may be neoesaary w meet end comply fvlly with al] oo-insurence requiranents contained in aaid polides to the end th~t the a~id !1lortgagor is not a oo-insuror thereunder. (nsurance shell be w~ritten by a company or companiee spproved a dwignsted by the Mortg~gee end aU poli. ,w; cie~ and renewals thereof ahall be he{d by the Mortga~gee. All detailed designatioas by the Mortgagor which are accepted by the Mortgagee and ~11 agee ments betw-een 1lortgagor and !1lortgagee relating w in~urance. no~v ezieting or hereafter made. ahell be in writing and ahall be a pert of this mortg~ge agreement ss (ully es thoug6 eet forth verbetim herein ~nd shall go~ern both perties hereto and ther sucoe~aora end assigns. No lien upon any of a~id policies of insunnce or upon eny refund or return premium which mey be p~yable on the cancellation or termination theseot, s6a1! be given to other than the Mortgagee, ezcept by proper endorsement affi:ed to such poGcy and approved by Mortgegee. Eac6 poliry of ituuranoe shall luve af5=ad thareto • Standard Ne~v Yorlc ~tortgagee Aauee without Contributioe. making all lose w loexs under auch poGcy psYabk to the Mortgagee as its interest may ~p~ ~ pear. In the e~rent any sum or sums of money beoome payabk thereunder the Mortgagee ehsll have the option w reoeive and apply t6e same on accamt ot the indebtedrr~s herrby xcured, or to permit the ~tor~gagw to recave and use it, or eny part tFsereof, writlaut ti~ueby w~iving or imptorit~ any equi- ti, lien, or ri t nnder aod b~• ~irtue of this mort age. In event of bsa or s~cal d e to the m Sh B PE?Y ~ a~+8 ~8~8~ ProPd'tY ths Mortg~gor ehaU give imm~diate ~ ~ , , ~Z.tbO~ ~ BOOK219 PA~E22Rn - . . r ~ ~ _ s~,~~. b _ ~ ~`5 ~z~