HomeMy WebLinkAbout2877 PROVIllED, ALI+VAY5, that if the Mortgagor shell pay unto the !1lortgagee the indebtedness evidenced by a
ce~tain promissory note of which the following in words and figures is a true copy tawit:
~ `~dl~tN~e ~ .
~ s Z ~_$SQ._0~ _ ~ort Pierce, F~o~,~. ---Se~tember _29,_ i~, 73 _ ~
~ F11 t~---- prom~~ tu p~~
~ ti~ th~ ord~r n! ~I,X~G~f~~~~CY AND LVlt7:?NE Z?PC~?INSKY"~ `ATS~ Z1TF~--- -
~ p~,~~~~F~.i .~~m .TWQ _Tl~~'~_~AND_ ~~c~`i T_N:~N,)R ~_i_F_rY ~~,a._ nallUfln.~.'-~R~. toR~th~~ wlth ~otrrrrl
~ thrr~un ~tutn datr ~t th~ rrl~ ui t~n ~urr~nt per u~num untd m+turety .~~th pnn~~psl and ~nt~reqt F~~~nR pay~bl~ ~n law(ul mon~~ ~~f.
thr l mt~d ~t~1~• rt ~.-t4 fi++:s~n~ flhd .~Lar;ir Flunda. ur •S ~ueh ath~r pl~cc a~: th~ h.~l~i~n htreo( m~y de~~Rn~t~ ~n w~~hnR
~ {'r~ncip~l and ~~it~r~~t pa~able in o~~ul;m~nts u(u~:~.M~
SEVEN'fY ($70.O~J) DOi~I A~2S ~~e~- mo~1`ii ~~e~innin;; o~ Che 15th day oC
~ Ue~e~nber, 1973~ atl~ ~.OIZi_ L~7~1~_i14; ~~lE' ~ ~)'_+1 ~ach and every
~ ;no~lth ~herea Ete~ Utl~ 11 ~7~1 L~ l F..1 ~ t.
f
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~ ih~~ r.: tc na~ ht prepaid ar. a~.~!e ;~a~t eite: ..•,~c yeue ;r.~r-. •~~c .1nte ?:rr~u! ~pon payment uf a penait~ eqw~alcm
, I;.r ; t~_^ri ,•i :lic p~~~::~pal su^~ ,-•rc~a:~. ~ }
f~rh u~-ta~lni~nt ~~atmrnt ~I~~i! 1~: .••r,~t: ,i i~rt ,~n t~~ ml~er.! il~~r an,: r~rnaind~r un pnne~pal: and ~ntrr~~t ~~»II ll~r~e• .
' u~~un ~ ra~r uE•,.:i th~ ~~nr.i ~~~al ~ r~rl~:~ i.
Ch:~ ma?.rr~ and ~n~nr~+?- ui tt:- r~~.t~ f~:rth•~ e~rr~~ . wr.~r c3~man~! r~~>1~~ r..: u.,~~-(~aymrnt and protest, and ~n th~ ~v~nt ~wt
.6~1f t~r En~~,~;ht t~~~ thr ~,,Ii~< t~.,n hrr~•>~ .~r thr •<m~ ccll~ctre upun d~mand .,f an attorney, to pay rea~„naLl~ atturn~y'~ !
f~r. (ur ma4~n~; ~urh ~ulfr<l~un ; ~
'~rti^rrrA ~~a~ mrnts h~s~un~?~r .i~at! tini-r~ et th- r..:c .~f '~n prr~ ~~t rFt ar,n~~m !rom matunty until paid
n~~t~ c~ uKd 'o~ r. m~~rc;;.~~,~ r,• n•~ztr }i~tt?.C!i a~:~j s~ tY r~~.~-.~srd ~r.d enforced s~~c~rdinR t~~ the taw. ~~f th~ ~
`tair ~:f Flnr~~'t~ up~~e ifriE+:1t m:-- ~~a~'r.u:~t p:~^ ~;.al s!;d ~~t ~ni~rr:i ~yR~~ due. th~ rhole .um of prim~pal and ~nt~resE
rrma~n~~Q unps~~ ~hall. •t thP n~tur:, •.f :`~r h.,i;~r~ :;c:~~~,; ~m: :~Aut-3. ~iu~ :n? payablt. ~ _ i
r ~ _ ~ _ - - - ~~E.-1(.)
- - - - - (`E.4L)
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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 Lhereby created shall cease and be null and void.
1. The IvZortgagor hereby covenants And agrees:
1~1 To pay all and aingular the pri~cipal a~d interest and other eums of money psyaWe by virtue of said promiseory note and this deed, or eitMer,
prompdy on the d~ye respectieely che same x~•erally beoomea due.•
161 To permit. coaunit or suHer no w aste and to maintain the improa•ements at all tirnes in a state of good repair and mndicion. and to de or permit to be
done to said premixs nothing that wili alter or change the use and character of said property or in eny w~sy impair or wraken the security of this
mortgage. And in ca~e of the refusal, neglect or inability of the ~lortgagor to repair and maintain said property, the !?lortgagee may, at his option, malce
such repein or caux the same to be made, and advance moneys in that behalt.
Icl To pay all end ~inguLr the ta:es, assessmenta, levies, liabilities. and obligatior.s ot ever} nature on said dexribed property escA and every when due
and psyable ~ccording to law, before they become ddinquent, and to deliver to the ~tortgagce o~ or before ~tanh 15th ot e~ch year tu rxdpte
e~~dencing the p~yment of all law(ully impo~ed t~zes for the preceding catendar year; to idemnify the ?Nortgegee upon his de~nsnd for afl tazes, as~ear
ments and charges thet may be asses.~ed upon this mortgage on the i?debtedoess secured hereby, snd paid by the morgegee, without regard W any law
heretotorr enacted or haeaher to be enacted imposing payment ot the whole or any part thereo( upon the bioRgagee.
Idl To p~y dl end singular the casts. chsrges and expen9es. including lawyers' (ees and abstrect costs reasonably incurted or psid at any time by the
i ~fortgagee becau~e of the [ailure on the part ot the Mortgagor to p~form, oompty with and ahide by eech ard every•the stiptiletioa~, agreaneats.
rnndiliona and coa•emnt~ of aaid promissory note and thia deed, or either, and e~-ery stxh payment shall bear intere~t trom date at the nte of ten I lOgcl
E per centum perannum.
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!e? tt i~ further rn~•enanted end ageed by sa~d parties that in the event ot a suit being instituted to forecbse !h~ mortgsge, the Mortgagee shall be
entitled to apply at any time pending such toreclosure suit to the oowt having jurisdiction thereof (or the sppointment of a ~eceiver of sll aad singular the
mortgsged property, and of aIl rents, incvmes, profits, issues and revenues thexeot, /rom what9oever source derived; and thaeupon it is l~eby e:pressly
i covenanted end agreed that the Court s1~a11 forthw ith eppoint such receiver with tee usual pow ers and duties of reoei~~ets io like ca~es: and aaid appoint-
~ ment shaU be made by the court as a mateer of strid right to tM Mortgagee, and without retererce to t!?r a
: deqiucy or inadequecy ot the value of t6e pro-
~ perty hereby mortgaged, or to the solvency or insolvenc~• of the 1lortgsgoro or any other party defendant to such suit. The Mortgsgur hereby specif-
ically waives the right to object to tbe appointma~t ot a receiver es atoreseid and hereby ezpressly oonsents thet suth appointmmt shsll be aude ~a an
~ adm~tted equity and as e matter of ab9olute right to the;fortgagee and that the ssme msy be doae without aotice to the btoKgagor.
t
~fl If forecbsure proceedings should be instituced sgainst the property cm~ered by thiu mortgage upon any othec lien or c4ua xlutha ~lleged to De
superior or junior to the lien of this mortgage, the ~tortgagee may at his option immediately upon in~titution ot such suit or during ihe pendeocy CMieof
dectue this mortgage and the indebtedness secured hereby due and payable forthw-ith and msy at its option proceed w toreclose this moitg~ge.
' ~ g 1 That the ~tortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage inwred ae tnsy be required frotn
_ tune to time by the btortgegee against bss by tire, windstorm and other hazuds, casualties and contingencies [or such periods ond tor not less than
such amount~ as mey be required by the Mortgagee and to pay promptly wrhea due all premiums for such inwrsnce. The amounta ot ineurance required
by the ~torgsgee shelt be the minimum atnount~ for wh?ch said insurence shall be written and it shsU be incwnbent upon the A~ortgagor to maintain aurh
addici~r~a! in~iuance as may be neoea~ary to meet ud comply fully with all co-insurance requiremeats oontained in said policiea to the end t6~t the said
:Nortgagor is not a rn-insuror thereund~. Insurence ~haU be wrritten by a company or companie~ sppro~~ed ar designated by the Mortgagee and ~I! pdi-
cies and renevraLs thereof eE~eU be hetd by the :btortqagee_ Aq detaiied designacions by the Mongagor which are acoepted by the Mortgagee and i]1 ~grx
m~ts betw~¢en 1lortgagor and ~tortgagee relating co insurance. now~ e:isting or hereaftet made. shall be u~ writing and shall be a p~rt of this a~witgage
agrcxmerrt a~ fully as though set forth verbatim herein snd shall govem both pnrties hereto and their euocessors and assigns. No li~ upon ~ny of said
; policies o( ingurance or upon any refund or return premium which may be papable on Lhe cancellation or terminatioa tlkteot, ahaU Ae given to othx than
3 the lfongague, except by proper endorsement atfi:ed to such policp snd epproved by ~tortgagee. Eac6 policy of insur~nae s1~aI1 heve af6~ud thereW •
' Standard tie~r York Jlorigagee Clsuse without Contnbution, making ell lose or losees under such policy p~ysbk to the Mortgagce as it~ i~ereat nuy ap~
} pear. [n the event sny sum or ~ums of money beoome payabk thereuader the ~lwtgagee shall h~ve the option w reeeive ~nd apply t6e aame on ~coount
ot the indebtedness herehy x~cvned, or co permit the ~lortgaqor to receive end we it, or any pnrt tF?e~eof, without thereby waiving or impaiting ~ny equi-
ti, lien, or right under and by ~inue of this~nortgage. In e~•ent o( loss or phyeical dunage to the mortg~ged propetty tbe Mortgagt?c shaU give imtnedi~te
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