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Home My WebLink About0154 PROVIDEU. AL\1'AYS, that if the Mortgegor shall pa~~ unto the \lortgagee the indebtedness evidenced by e ~ ain romissory note_ of which the foUo ' in words and fi res is a true co to-wit: r- ~e~r~~e~ge ~!ote ~ i S 1, 575 .00 Fort ierce, E~ori~, October 11, 73 ~i - ~ FORVALUERECE1VED ldE. iointly and severallv, promisetupay ¢ i t,~ tFu ord« o( TILI.IL FRI N ~ t~. th~ principal sum o(_2~E THOUSA\D FIVF. Nl?I~DR_F.D SI:VEiVTY-FIVF: AND~~ tog~thet w~th interrst th~rcon [rom date ~t the ~ate of ten percent, per annum until maturity, both principal and interest bein{t payable in lawful mone~• uf t!,~ l'nited 5tate~ at 2244 Biacayne Blvd., I11i~mi, Florid~, o~ at auch other place as tfie hulders hereof m~y dc~i~nate in wntin~. ~ ~ f'f~nc~pal and interest payable in in~Wlments u followa: FORTY ($40.00) DOLI.ARS per month beginnin~ on the lSth day of December, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. i • ~ I ~ j This note may be ptepaid in whole or in part aftet one year irom the date hereof upon paym~nt of a penafty equivaient ~ f~~e percent of ihe pnncipal sum prepa~d. ~ Each imtallment payment shall be credited first on the interest due, and the remaind~~ on principal; and intrrr.t •hall thrrr- upon cease upun the principal so credited. ~ The makers and ~ndorsers o( th~s note (utther agree to waive demsnd, notice of non-payment and protest, and in thr ~vent ~uit .h~U be brought for the coltection hereof, or the same hu to be collected upon demand o( an attorn~y, to pay rea.onabl~ attorney~c ~ I, i.~r. {or making ~uch collection. Deferred paymenta her~under eh~ll bear interest at the nte o( ten perc~nt p~r annum from maturity ~nti) paid. 7~hia note is recurrd by a mortgpge of even datt h~rewith and is to be conetrued and enforred according to the lawc o( the S' florida; upon default in the payment of prin~ipal ~n~n~ intr~~st Mhen due, th~ whole r+um principal and int~teat ' r.~~,a~ning unpaid ehall, at the option of the holde~s, becomc immediatelp due and payable. _1~ ' , ' (~F::1L) ~ ` ~ - _ 4 %`<;.s.-:~: ~ ~ >-t=.-- ~ (SEAL) ~ . i . _.,..-_....~,.,a 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. The Mortgagor hereby covenants and agrees: lal To pey all and singular the principel and interest and other sums of rtwne} payeble b~• ~~irtue of said proutisson• note and this deed. or enheJ. promptlc on theda~~s respectiveh• the same se~'erally be~romes due. i f - ~ I bi To permit, cominit or suffer no waste and to maintam the impro~~err~nts at a:l umes in a state ot Kood repair and condition, and to do or permit to be ~ done to said premi~es nothing that vrill elier or chenge the use and character of said proprrt} or in any wa~• impeir or a~eaken the security ot this mortgage. And in case of the refusal. neglect or inability of the \tongagor to repair and maincain ~aid property, the \tortgagee cnay. at his option, make ~ such repa~rs or cause the same to be made, and ad~•ance rnoneys in that behalt. ~ ~ Ic1 To pay all and singulu the taxes, a~aessments, le~ies, Gabifities. and obligatioru of ecen• naiure on said dexribed property- each and ecerv when due ~ and pa~~able acccKdi~g w lax•, before they brarome dellnquent. ard to deli~er to thr ~tortKaqee on or 6efore \tarch l~th ot each ~~ear te~c remipis $ r~idencing the pe}~ment of all lawfull}~ imposed ta:es for thr preceding calendar year: to idemnify the ~lortga~ee upon his demand tor all ta:es, asseas- ~ ments and charges that may be assessed upc~n this martgaECe on the ~ndebtedness ;ecured hereby. and paid by the morgagee, without regard to any law ~ heretofore enacted or hereafter to be enacted imposing payment o[ thr whole or am~ purt thereof upon the ~loKgagee. E; ~d1 To pay all and singular the coets, ch8rges and espenses. ~ncludinR law}•ers' fees and abstract msts rea.sonablc inevrred or paid at any time bc the \torc~+,agee because of the failure on the part of the ~tortgagor to perform, comply a•ith and abide by esch and every the stipuiations. agreements. conditions and co~pnants of said promissory note and this d~d. or either, and e~en~ such pay-ment shall bear incerest from dace at the rste of ten I 1Q°'c ~ per centum per ennum. ~ ~ei It is further co~-enen[ed and agrred b~• said parties .hat in the ecrnt of a suit heing instituted to foreclose this mortgege, the ~tortgagee shall be entitled to appl~ at am time pending such tonrbsure suit to the murt ha~•ing junvlicuun thermf for the appointment of e receiver of all and singular the ~ mortgaged property, and of nl! rents, inrnmer. protits. issues and re~enues thereof. frum whatsoe~•er source derived: and thereupon it is hereby e:pre~sly ~ co.Ynanced and agreed that the Court sheU forthwith appoint such rece~vrr rith the usual powrls and duties ot recavera in like case~: and said appoint• ment sheU be made by the court as a matter of strict right to the ~lortgaKee. and without reterence to the adequ~cy or insdequacy of the value of the pco- perty herebq mortgaged. or to the solvenr or insolvency of thr ~fortgagors or any other partp defendant to such suit. The ~fortgagor hereby specif• ' ~ icall}• Aai~•es the nght to object to thx appointment of a receiv~ es aforesaid and hereby ezpressly oons~ta that such appointment shsll be made ~s an ~a adrtutted cyuity and as a matter ot ebsolute right to the ~tortgagee and that the same may be done without notite to the ~iortgagor. ~ ~fi If (oreclosure pr~xeedinKs shnuld be inst~tuted against the propert~• coaered by thi~ mortgsge upon any other lien or claim whether alleged to be - supenor or junior to the lien of this mortgage. the ~tortgagee may at his option irnmcdiate:y upon institution of such suit or during the pendency thereof declare this mortgage and the indebtedness secured herFbc due and payable forthwith and msy at its option ptooeed to toreclose this mortgeae_ y>~+ 1 g ~ That the lfortgagor will keep all real and personal propertp now or hereaher encvmbemd b}• the lien of this mortgage itLwred as mny be required from :X time to time by the 3lortgagee against lou by fire, windstorm and other hezards. casualties and contingencies tar such periods and for not less than such amounts es mac be required by the titottgngee end to pay promptly w~hen due alt prerteiums !or such insuronce. The amount~ of iasurance required - by the \forgaqee shall be the minimum amounts (or which said insurarre shall be aTitten and it shaU be incutnbent upon the ~tortgagor to maintain euth - additional insurarce as tnay be necessary to rt~eet a~ comply fully with all co-insurance requirements contained in said policies to the eod that the said \tortgagor is not a rn-insuror thereunder. Insurence shall be Nritten by a compeny or companies appro~rd or deatgnated by the btortgagee and all poli- ~ cies and renewals thaeof shall be heW b~~ the ~tortgagee. All detaiied designstions b~• the ~lortgagor which ere sccepted bp ihe ~iortgagee end all agree = ments between ~tortgagor and ltortgagee relating to ir~urance. now• e:isting or hereafter mede, shall be in writing and shall be a pert ot thi~ mortgage - agre~ement ae tully as though set fnrth eerbatim herein and shall go~•ern b~iih pertiec hereto and thEir succes5ors and e~signs. No lien upon any of ~aid 4< <es of mcurance or u any refund or rewm premium ~hich mac be peyable onthe cancellation or termination thereof, shell be givm to othar than ~ . ~ the ~tortgaK~• rxcept b~ proper endnrsement aifixed to such poticy and appro~ ed by 'lfortgagee. Each policy of insurance shall have af6zed thereW a Standard \ew• York `tortgagee Clause without (;ontntwtion, mak~ng all iocs or fosses under such policy payabk to the Mortgsgee as its i~ve~t may ~p~ r< pear. (n the ecent an}~ sum or sums of money become pay eble thereunder the Slortgegee sAall he~~e the option to receive and ~pply the same on uoount of the inde~ted~s~ hereby 9ecurecl. or tn permit the \tortKaRnr to receive and u~e it. or any pert thereof. without thertby wuvingor unpairing ~ny equi• ti, lien, or n ht under and b}• ~irtur of this mort a. In e~~ent of lossor vsrcet dama e to the mort ed o the Mort r ehaU veimmsdi~te g K iSe Fn. ce 8 688 P~ P~Y 6~ 6~ ~Ys 4:: _ ° R 220 .~~~<< .~.54 - ~e~~ _ . .