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Home My WebLink About0157 PROVIDF D. ALN'AYS, tha~ if the `lortgagor shall pay unto ihe tilortgagee the indebtc~dnrss ~svidencecl by a certain promissorv note _of which the tollowine in words and fi¢ures is e true coov to-wit: - ~ ~!~e . S_~~0 00 ~ort i'ierce, f'ior~da October 11, `~~73 ' fOR V:~Lt~E RECEi~'ED I p~omiee tu pay ~ ~ ~ to t.~e ord~~ of S01!Yi~ _TI LLi tt~\ y _ the pr+nc;pal sum of O\1: THO~SA\;D F~j "ly and _i1o_/~QO- UUI.L.~RS, logether with inte~r.~ thereun irom dat~ at the nte of ten peccent, per annum until matunty, both principsl and interest being payable in lawfut mo~~c~~ uf ( th~ United ~tates at 22~1 Biscayne Blyd., ~tiami, Florida, o~ at such other place as the holders hereof may designate in w~it :ng. Prmcipal and ~nteteat payable in inrtallments u followr: ~ TWEUTY-FIVE ($25.00) DOL1.r~RS Per month he~;inninb on the 15th day of ~ December, 1973, and continuing on the 15th day~of each and every ;~~;;rti rhPr~afrer until vaid in ~ull. - ~ I Th~s noce may be prepa~d ~n wholt or in part alter one yeat from the datt hereof upon payment of a pcnalty equrvalent ~ ~o five percent o! the pr~nc~pal snm prepaid. f.ach ~nrtallm~nt paytnent ~hall bc ecedited f~rst an the ~nterrst due, and the remainder on principal; and intrr~~t ~hall tlirrr- i upun c~au upun th~ principal ~o cr~dited. ! The makcrs and ~ndorsers of this notr furiher agree to waive demand, notic~ of non•Papment and protest, and in thr ~vent suit j ~lull b~ brou~ht for thc collection hereo[, ar the aame has to be collected upon demand o( an attorney, to pay rea.u~nable attorney's ~ frr. for making such collection. . D~ferred paymente hereunder xAatt Scar ~nte~est at the rate of ten percent p~r annum Irom m~turity until paid. ~ f 7~hiz notr ia serurrd by a mortg,~ge of evrn datr herc~ith and is to be conetrued and enforced according to the laws of the ~ ~tat~ of }lorida; upon detault in the payment o[ principal and(o~ inttrest whcn due, the whole sum of prin~ipal and interest ; rrmaining unpaid ehall, at the option of the ho(ders, becor:s imm diatety.due and payablt. . + ~ y. ; _e-t.~~~~~ ~ ~~-'u,i`_ ~d~~~~--r, ~~L ~SEaL) i ; (SEAL) ' ~ , y w~ an s i e y eac an every e s ipu ations, 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'~fortb?egor hereby covenants and agrees: ; 1av 'Co pay~ aU and ~mgular the peincipa{ and interest sed other sums oi money payeble by ~•'vtoe of said prortisv>n• note and thie deed. or either. pmmpdy on the da}•s respecticel~• tne same secerally becomes due. i ' 1 bi To perntit. cortunit or suffer no w~este and to muntam ~he improcements at all times in s stete of good repsir and condiuon, and to do or permit to be ~ done to eaid premises noihiag c:wc witt a(ter or change the use and character of ssid property or in any w~ati• imoair or weaken the security of this mottgage. And in case of she refuseS, nrxlecc or inability of tne ~lortgagor to repair and maintain said propert~•, the ~turt{~aKee may, at h,s option, make such repnirs ur cause the same to be rt~ade, a:w' adcance mvneys in that behelf. i lu To pati~ all end s;ngular the taxes, asxosments. le~ies. liabi6tie5, and oWigauons of e~en nature on said dr~cr~ed prup.•rty eac~ aod ecen whrn due and pe~~able accordmg to {aw, hrfure they berome delinqieent. and to deliver to the ~tortgagee on or trfnrP \tacch 15th o( each cear tax receipts e~•idrncing the psyment of all Iawfuli~• ~mposed taaes (or ihe preoedingcelender ti•ear: [o idemnily the ~lortgaKee upun his demand tor all tazes, assess- 't ments snd charges that may be assessed upon this mortgage on the indehtedness secured hereby. and peid by ihe morKa~,me. w~thout regard to any law 1 heretofore emcted or hereafter to be enacted imposing psyment of the whok or an}• part t6ereof upon the ~tortgagee. ~d~ To pay all and singular the costs, charges aad enpenses, including Lw}rrs' fees and abstract cosce reasonebty icxvrrcd or pnid at any time bp the \tortgagee becau4e of the fai]tie on the part o( the !tiortga~r to pertorm, rnmpty wich and abide b~• each and e~-en• the stipulations, egreements. conditione and corenants of said pmrtusson• ru~te and this deed, or either, nnd e1-ery such payment shall bear in[erest'trom date at the rate ot ten 110°'Y 1 : per centum per annum. i ~ ret It +s further corenanted and agre~f hy said parties that in the event of a suii 6einq instituted to foreduse this mor*_gage, the ~lortgagee shall be ~ entitled to apply et an~~ time pending .urh for~. lusure suit to the cburt having ~urisdiction thermf for the appointment of a receieer o( al1 and singular the mortgaged property, and of all rents. incomes, profits. issues and re~~enues thereof, frem +~~hatsoever ~ourcederii•ed: and thereupon it is hetrby eYpressly co~enanted and a~eed thst the Court shaIl twth~rith appoint such receiver w~th the wual povrrr~ and duties of rec~~~ere in like ceses; and said appoint- ment shall be made by the court as e metter of strict right to the ~lortgagee. and without reterence to the adeqwcy or inadequecy of the ealue o( the pro- " peny hereby mortgaged, or co the soh•ency or in9otcenty of the ~tortgagors or any other perty defepdant to such suit. The Jfongagor hereby specit- ~ ica!!s• waiti~es the right to object to the appointment of e receiver e~ atoresaid and hernby ezpressly consen[e that such eppointment shall be made aa an admi[ted equity and as a met~er of absolute right to the ~iortgagee end that the same msy be done vrithout notice to tAe ~tortgagor. t 4 +[r If foreclosure pr~~edin~ shcwld be instituted aga~nst the property covered by thi.4 mortgage upon any vther lien or claim whether alleged to be superior or junior ta the i~en nt this nortgage, thx ~1~rtgagee may at his option immedietely upon institution of such ~uit or dunng the pendencp thereof dectare this mortKaRz and tAe indebtedncKS secured hereb~• d~te and pay~able forthwith and mey st its option prooeed to foceclose this mortgage. : ~ K~ That [he ~tortKaRnr K itl keep a!i real and pe: sanal propeny now or hereaker encvmbemd b~• the lien of this mortRage insured as mey be required from urr~ tn time Gr• the ~tortgaRee against Ioss by tire, w-indstorm end olher hazards. casualties and a~ntingencies tor 9uch periods and tor not less than such amounts as cnay be reguired by the ~lortgaRee and to pay- prompth• ~rhen due aU presaum9 for such insurance. 7'he amounts of i~urance required b~• the ~lorgagee shatl be the minimum amounts fnr which aa~d imurance shal! be wTitten and it sdell be incumbent upon the lfortgagor to maintain such additional ir~surence as may be necessary to rr~eet and comply fiilly v~~th all cQinsurance requirements conta~ned dn said policie~ to the end that the ssid \tortKaRor is not a m~insurer thereunder. Inaurence shall be wricten by a compeny~ or companie~ epproved or de»gnated by the Nlortgagee and all poli- _ c:es and renev~ als therrof shall w hekl b~~ the ~:ortgager. Aft detai(ed designations b~• the blartgagrn which are accepeed h}• the ~lortgaRee and all agreP _ nxents bet wcrn ~fortAagor and ~fongagee relaung to insurance. now eaisting or hereaher made, shall be in writing and shall be e pert nf this mortgage aRreertwnt as fulty as thouKb srt fnrth ~-rrbatim herem and shall gu~-em boih parties hereto and tReir successors and assi~s. ~o lien upon any of seid pnlicies of iacurance or uprm anv refund or return premium which mn~• be payable on the cance!lation or ternunation thereot, shall be gi~~en to other than thr .1lurtgaK~~. Fxcrpt h~ pruper rndorsen~nt affixed to such poGcy and approved by Slortgagee. Each policy of insuranre shall ha~•e affued thereto a Starxiard \ew 1'r,rk ~1nnKa~e Clauve without Contnbutinn, ma~inR aU loss or lasees under auch policy peyable to the ~iortgagee as ita interest may ap- ' pear. (n the ecer.t an~• sum or sums ot money become parable thereunder the \fortgagee ~hall hace the option to retei~•e and epply the aame on acoount ~ of the mdebtedness h.~rehc ~ecuretl. nr to pNrmit the ~tortgaRor~to reteive and use it, or any pnrt thereof, wi[hout thereby Raivingor impairing any equi- ~ ti. lien, or right undrr anii b.~ .inue nf thi~ mortgage. In e~ ent of los9 or physical damage to the matgaged property- the blortgagor shall give irtunediate ! • ~CFr~f.r r"~~`- 15? ~ ;