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Home My WebLink About0889 . . PROVlDED, ALWAYS, that if the Mortgagor shall pey unto lhe ;~lortgagee the indebtedness evidenced by a certain promissory note of which the following in worda and figwes ia a true copy to-wit: '~O~NG~C~e l~ste ` f 1~175.00 Fort Pierce, F~a;d~ _ Ocrober 18, ~q__73 r FOR VALUE RECEIVED WE, jointly and severally~ ' p~omice tu pay to the order o( MURRAY S HAY and ETHEL E. SHAY , is wi fe . the principal sum o[ _ ONE THOUSAND ONE HUNDRED SEVENTY- FIVE AND pp ARS, togei+ier with inte~esl thereoe fwm date at the rate ot ten percent, pe~ annum u~til maturitp, both p~ncipat and iotereat being payabie in tawlul money uf ' . the United ~tales at 2244 Biscay~t Blvd., Mi~mi, Florida, or at wch othu place as the holdcn hcreo! r~ay designate in writing. P~ncipd and intereat payaWe ie intWlmenu as Idlowr THIRTY-FIVE ($35.00) DOLLARS per month, beginning on the 15th day of December, 1973, and continuing on the 1Sth day of each and every month thereafter until paid in full. This note may be ptepaid io whole or in part aftet one year from the date hereof upon payment of a penalty equivalent I ~o frve percent of the princip~l sum prepaid. Each in~tallment paynient shatt be credited first on the interc~t due, and the remainder on phncipal; and intrn•t rhall thrrr- I upon ccue upun thr principa~ so credited. The makets and ~ndoreere ot this note f~rther ~gree to waive demand, notice o[ non-payment and protest, and in thr event ~uil ~.lull be brought for 1he collection hereot, or the same haa to be collected upon demand o[ an attorney, to pay ~eisonable attorney F frr. ior mai~ing auch cdlection. ~ D~fe?red paymenta hereunder shall bear intereet at the rate of ten percent per annum irom maturiq until paid. 7'his oote u eecured by ~ mo~tg~6e of even date herewith and ia to be construed and enforced according to the laws of the Ctate of Florida; upon default in the payment of principal andlo~ in hen due, the whole sum oE principal and interest Kmainin~ unpsid shall. ~t the option o[ the holden. ~o~ ;~~a;.k r a~~ „~a ~r.a~. 5~ c ~ . ~ ~ " ~ SEAL d~~-~- L Q.~~..~ ~sEnt,~ eia prouu~v, y uvw oa.u w a~u, UCt7U~ inrn i~u~ ueeu anu ~t~ ~aw~ ~uri rvy .,aca~cza ~uau ~rwi~ a~w ~..u., auu vutu. l. The rsortgagor hereby covenants and agrees: Ia1 To p~y sll ~nd singuLr the prindpal and interrst snd ocher sums of money payaWe by virtue of said promissory note and this deed, or eitha. prompd_r• on the days respectivdy the same severally becomea due. 1 bl To permit, cortunit or auifer no waste snd to maintain the improvemencs at nll cimes in e state of good repair and condition, and to do or permit to be done to ssid premises nothing thae will alter or change che use and chsr~ceer of said ro p perty ot in anq w•ar impair or RYdI[2II the security of this mortgage. Aad in case of the retusal. neg~ect or uubility of the ~tortgagor to repair and maintain said property, the ~lortgagee may, at his option, malce such repairs o~ cau~e the same to be made, ar.c1 edvance mone~ s in that behslt. Icl To pay a11 and singulsr the ta~ces. assessments, levies, liabilicies, aad obligatiom of e~•ery nature on said described property eech and every when due and psyable according W law, before they become delinquent, and to deliver w the riortgagee o0 or before ~farch l5th of each year taz receipts evidencing the psyment of atl lawfiilly impoxd tazrs for the preeeding calend~r yesr; to idemnify the Mortgagee upon his demand for nA tues, aseesa- ments and charge~ that may be asxsxd upon this mortgage on the icdebtedness xctued hereby, snd paid by the morgagee, without regard to any law ~ herewfore enacted or haeaher to be enscted imposing paymeet of the wrhoie or aay part theieof upon the 1lortgagee. " Id1 To p~y dl end ~ingu:er the costa, charges and ezpen~es, including Iswyers' fees snd sbstract costs reasonably i~uurred or paid at any time by t6e ~fortgagee because ot the [ailure a~ the part of the I?toKpgor co ~form, oomply with and abide by each and e~•ery the stipulations, agreements, conditioa~ and rnvenants of eaid pmmissory note and thi~ deed, or either, and errry such peyment stull bear interest ttom date at the rate ot ten I 10°F I per centum per annu~ ~e1 It is further oovemoted and agreEd bti• seid puties'that in che euent of a suit being instituted to forecloee tt~is mortgage, che ~tortgagee shall be entitled to apply st any time pending such (ortrlosure suit to the oourt having jurisdictio~ tMreot for che appointment of a receiver ot all and singulsr tAe ~t6e8'~ P~~Y, and of all rents. inoome~. Profits. issues and revenuea thereof. from w~hatsoever souroe deric,ed: and thereupon it is hereby enpressly covenanted and agreed that the Court ehall forthwritn appoint such reoeiver with tAe usual poRaa and dutiq of receivero in like csser and said appoint- ment ~ha0 be made by t!?e court as ~ maua of strict right w tMe Mortg~gee, and witbout refere~e to tM adeqwcy or ina percy hereby mortgaged, or to the ~olvency or u?aolven~y of the Mortgagora or en other ~'9~~Y of the velue o( the pro- icaUy waives the ri ht to obiect W the s y P~Y defendant to auch suit. The Stortgagor hereby specif- 8 ppo?ntma~t ot a reoeiver u storeseid snd heneby ezpressly oonseata thet such appoinunent shall be msde aa an edcn~tted equity and a~ a matter o( abeolute right to the ~tortgsgez snd that the same msy be done without notice to the ~1oRgagor. ~t1 I( forecbsure proceedings should be inst~wted against the property covered by thu mortgage upon any othet lien or claim whether slleged to be superior or junior to the tien of this mortgage, the Jtongagee msy at his aption immediately upon inscitution o[ such suit or during tAe pendency th~eof declare this martgage and the indebudnesa secured hereby due and payaWe forthwith and msy at ita option proceed to foreclose this mortgage. i g 1 That the Mortgagor wiU keep all real and penonel property now or hereafter sncvmbeied by the lien of this mortgsge insured as msy be required from time to time by the Mortgagee againat loss by fire. xiiulatorm and other huaids. uaualties and rnntingencie~ for such periods and for not less than wch enaunts as may be required by tbe Nortgagee and to pay promptly whm due all premiunv for sueh insurence. 'I?~e emounts of in9urence required by the Norgagee shall be the minimum amounts for wrhich said insuraae sha(1 be written and it shaU be incumbent upon the ~tongagor to maintain such additione) in~urance a~ mar be neoessary to meet and com~ply fuUy with all eoiasurance requiranmte oontained in said policies to the end thst the aaid Mortgagor is not a rn-insuror thereunder. Insurence shell be wntten by e eompany or companies spproved or designeted by the tiloKgsgee and all poli• cies and renewals thereof sAell be heid by the :lfortgagee. AII detailed designatioa~ by the Mortgagor wiiicA are accepted by the :~lortgagee and atl a~ee ments bet+~eeo 1lfortgagor sad :ltortgage+e relating to insurnnce. now e:isting or F~eafter made. shall be in writing and shell be a part ot thi~ mortgage agreemenc as (ully a~ thoug6 set torth verbatim herein end shall govern both pertiee hereco end cheir succeayors and assigr:s. No lien upctti any of said policies of uuurence or upon any refund or retum premium which may be p~yat>le on the cance$ation or termimtion thereof, shall be giren to other than the blongagee, e:cept by proper endorsement affi:ed to such pobcy end approved by :1lottgagee. Each policy of insurance ahall have effized thereW a Staodard \ewr York ~tortgagee Clecae without Contribution, making a11 taes or loeses under such poGty payeble to the Mortgagee ea its iMerest mey ~p~ pesr. (n the ecent any sum or sums ot money become peyable thereunder the Mortgagee ahell tuye the option to receive and rpply the same on accoont of the indebtedness hereby eecured or to permit etx :~torcgagor to receive and use it, or any p~rt thereof, without thereby w~i~~ng ot imp~iring any equi• ti, lien, or right under and by ~irtue of this mortgage. In eveat of bsa or physical dan~ge eo the mortgaged property the I?fottgagor ~hall give imrnediate aoox ~z~ ~~ar,~ ~$s • - _ _ . _ . . :