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Home My WebLink About2264 PROVlDEO, A1.WAY5, that if the Morlgagor shall pay unto the ~iortgagee the indebtedness evidenced by ~ certain promissory note oi which the following in words and figures is s true copy to-wit: ~ _ l,f~ s~, 525 . 00 Ft . Pierce , F~~;d. October 41 73 ` ; Y 4 FI~R ~'ALUf: ttsCt:~v .p WE, jointlX and severallX~ promise tup~y ~ ~o th~ ord~~ _SYLVIA S~PjRO _ ~ the p~~nc~pal wm otT~Q _ THOUS ND FIVE H 1ND FD TWENTY-FIVE AND . ~og~~her with intrrrc~ f thrr~on (rom date at the rate of ten percent, pe~ ~nnum unti) matunty, botA pnnripa! ~nd intereet beinR par~ble ie law(ul moncy uf ~ th~ ll~~ted >tat~~ st 2241 Biscayne Alvd., A1umi. Florida, u~ at wch other place n the holders hereo( may designat~ in writina. Principal ~nd ~nt~KSt pay~ble in inrtallments u tollow~: FIFTY-FIVE ($SS.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. Th~s note may !+e prepa~d ~n whole or in part atcer one year fcom the date hereof upon payment of a p~nalty equ~valent to f+.~e percen~ ot ;he pnncipal sum preps~d. E:~ch ~n~taltm~nt paym~nt rhall be ~•r~d~ted t~nt on the inte~est due, and the nmaindet on pnnc~pal; and intrre~t •hall thr~r- upun c~a.~ upun the pnncipal ao cred~ted. Th~ mik~n and ~ndorRers ~i( this nut~ furth~r agrte to wtive demand, not~c~ o! non-piyment and protcst, and in !hr ~vent ~uit ,ha11 b~ bruuRhl (nr thr coll~ction heteuf, or the same hu to be collected upon demand ot an attorney. to pay ceasonable attorney'a frr. (ur mak~nR ~uch collrction O~fer~~d payments hereund~r ehill bear int~rest at the rate of ten percent per annum from maturity urttil paid. ~ 1 h~. not~ is eecurrd by a meripge ot rven d~ir h~rewith and ia to be runstrued and en[otced aceocdiog to the I~ws of the ; , `tat~ of fln~~da; upon d~f~uit in the p~yment o( p~ncipal andlo~ intercRt whcn due, the wfiole eum of principal and intercst ; rrmammR unpa~d shall, at the option o( the holders, become immidiately du and payable~ ^ 's : S~ =:l<<~~ t~- 1~: ` - ~s~A~~ , ~ ~ ~~~.~~~~_t,. ~rnl ~.~.t,~ (SEAL) / i-~..-----• ~ ....u c.a~y ~uC a~i}iw tt , ~re~aucuw. wuuutun 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: fsl To pay all snd singuler the principel and interest and other suau of mone~• payaWe by virtue of said promisaory !~ote and this deed, or either. procaptly on the d~ys respec~i~•ely the same aeverslly beoomes due. t b1 To permit, conunit or suffer no w aste and to maintain the improvernents at all times in a state ot good repair and cw~dition. and to do or permit to be done to said premixs nothing tAat wrill slter or change the use and charatter of said property or in any ~vay impair or ~eaken the sece:rity ot thia mortgage. And in cax of the refustl, neglect or inabi6ty ot the ~lortgagor to repsir and muntsin aaid propvty, the liortgagee may, at his optioa, tnalce such repairs or cawe the aame to be made, and ad~•ance momys in that behalf. Ie! To pay ell and singular the tazes, assesscnrnts, tevies, liabilitie~, and obligations ot every nature on said dexribed property esch and every when due and pa}-able according to law, before thep become delinquent. and to deliver to the ~tortgaqee on or before Narch ISth ot each year tan receipts e~~dencing the pryment o( all lawtutly impoaed cazes for the pre~eding calender year; to idenu~ify the hfortgagee upon his demsnd for aD ta:e~, ssspa- me~ts aad c.barges that map be asx~ed upon this mortgage oa the indebtedness secured hereby, and paid by the morgagee, without regard to any law heretotore enacted or haeafter to be enacted imposiag payment of the w~huie or any put thereot upon the Mortgagee. Idl To pay all and singular the coste, charges aoa ezpenxe, including Lwyers' (ees and abstract rnsts reasonably incuned ot paid at any time by the !lfortgagee because of the failute on the part of the bfortgagor to per[orm, comply writh aad ebide by eech and every tbe etipuletioas, agreements, conQitions and co~rnent~ of aaid promi~sory note and thiy deed. or either. and e~zry auch peyment shdl6eu intere~t from date at the rete of ten 110°F 1 ' per centwn per annum. _ f ' ~ ? Ie1 It is further mti-ensnted and agreed by snid pariies thet in the ecent of a suit being ir~tituted to (oreclose this rnortgage, the ~lortgagee shall be entitled to epply et any time pending such toreclosure suit to the murt having jurisdiction thereof for the appoinynest of ~ receiver of all and singuiar the ~ mortgaged propertY. and ot aIl renta, inmmes. Profita. issues and ~e~•enues ihereof. trom whateoever aouroe derived: and thaeupon it ie hereby e:pres~lY f covenanted and agreed thst the Court shall forth~viW sppoint such reoeiver with the usual po~ras and dutie~ ot receiven in like caxs; and eaid appant. ~ ment shall be made by the court as s mauer of etrid right w th Mortgagee, and without refaeoce w the s perty hereby mortgaged. or w the eolvency or inaotvency of tAe ti rs or an ot~er ~y ~~y ot the value oi the pm~ at8+~ Y P~Y de(eadent to auch auit.lbe Mortgegor beirby ape~if- i~ally ~raivey the right w objecG w the aDpointmait of s reaiver sa aforesaid and hereby ezpeessly oonxats that such appointment st~t11 be m~de su au admitted equity and ae a matter ot ab~olute right to the ~fortgagee and that the ssme toaq be done wichout notice to the Morigagor. itl Ii foreclosun roceedin should be instituted s ainst the € P Bs 8 propercy covered by this mortgage upon aay otMer tien or cWm ~rhMher alkged to be superior or junior to the fien o! this mortgage, the ~tortgagee may at }us option immediately upon in+titation of such suit or during t6e pendency thrieo( ~ dectare this moregage end the indebtedness axvred heneby due and payabde torthxith aad may at its option proceed to toreclox t6i~ mortgag~ 1 g 1 That the Atortgagor will Iceep all real and persoaal property now or hereafter encvmbered by the Iien ot this mortgage in.wred as m~y be required from time to time by the Mortgagee again~t bss by firc. windatorm and other hazards. casuslties and oontingeMiea for ~uch ' paiod+ and t~ not less than ~ such amounts ~s msy be required by the iiortgegee and to pap promptly whm due aU premiums for auch insunnce. The amwnt~ of insuranoe required by the Jlorgagee shall be the minimum amounta for w~hich said imurance shall be written ~nd it shail be incumbent upon the 3iortgag~or to maintein socb addiciorial i~etrance u may be neoea_wy to meet and eom~rly (ully w~ith all coinsurence requ'uanent~ oontained in said policies to the end th~t the a~id ; Mortgagtir is not a co-insuror thereunder. insarance shaU be written by a company or rnmpaniea approved or design~ted b the Mort i cies and renewsls thereof shall be heid by the Mortg~gee~ All detailed des~ tions b the Mo y t ments between Jlortgagor and \1ort ~"a y ~tg'g°~ ""h'~h ~re °~°epted by the liwtgagee and ell a~er = gagee relating to imuruxe, now esisting or herwftct cnark. ahall be in writing and shall be ~ p~rt ot this mortg~ge agreemenc as fully ae though set fortA verbatim txrein snd shall docern both parties herew and thdr euooea~ora and sasigns. No lien upon ~ny oi ~aid policies o( insurance or upon any refund or retum premium which may be peyable on the cuiceDation or termination tlr~eof, aha!! be giyen to other t1Ln tbe ~tortgagee, except by proper endorsement atfi:ed to such po6cy and approved by Atortgagee Each policy of insunnoe shall luve af5=ed tl~ereW ~ = Standard :~*ew~ Yorlc ~tongagee Qause w~ithout Co~tribution. making all loss or loenes under euch policy peYable to tbe Mortgagee a~ ita interest may ~p , pasr. f n the e~•ent ~nr sum or ~ums o~ money beceme payabk thereuader the ~fortgegee shall tuve the option ta recave and apply tbe same on acoount ot t he iadebtedness hereb~~ secured. or to permit the ~lortgaqor to receive end we it. or any part tAereof, witAout theroby wralving or impairing ~ny equi- - ti. lien, or right under aod b~• .irtue of this mottgege. In event of loss or physiul damage to the mortg~ged prapetty tbe bjo~tg~gor shall ~vs imt~diate ` 800K ~~9 PAGE2~63 . . ; a ~ , ~ ~';4e f. . . e,.~_ . ~ . . . _r- 4 ~