Loading...
HomeMy WebLinkAbout1396 PROV•IDED, AI.WAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by a cenain promi~sorv no:e of which the following in worda and fiRures ia e true copy to-wit: , . . ?~,,s~,tqrt~ ~ste s_4~075.00 Fort Pierce, F~~;d. October 20~, 73_ F~~ C WE lointly and severally, promicetupay I ~h~ o~d~~ ~~r ~~~~I~ ~t~.~8~-~T~- ' ~t,~ ~,~~~~~N,~ s~~, ot ~OURSH4IISAND ~EVENTY-FIVE and Ro ZQ~---- [N)I.L4RS, togrther with intetr~t th~reun (rom date ~t the tate o( ten perc~ot, pe~ annum until maturity, both principal ~nd intercet beinR payable in lawful money uf ~h~ l~mted ~tates at 22~ Bixayne Bl~d., [~1i~mi, florida, ur ~t euch olher place aa the holders hereot may de.ignat~ in wntinR. Pnncipal and i~tete~t payi~!: io inatallmeota aa follow~: ' EIGHTY-FIVE ($85.00) DOLI.ARS per month beginning on the lSth day of December, 1973, and continuing on the 15th day of each and every month thereafter until paid in f_ull. ~ Th~s note may be prepaid ~n whole ot io part a;tet one ye~t ftom 1he date heteof upon payment of a p~nalty equ~~•alent I f~ve percent of the pr~nc~p~l sum prcpa~d. ! f:~ch u~~tallment paymrnt ~.hall be rr~dited firnt on the intercst due, and the r~~naind~r on pnncipal; and ~ntrrr~t ~hall thrrr- ~ uNun ~ea~e upun the pnnc~pal ~o ctedil~d. I Th~ mak~n a~d ~ndorsers ot this note turther agree to ~+aive demand, notic~ of non•p~yment and protest, and in thr ~vent suit i .f~all h~ brouRht (or the cullection hereu(, or the aame has to be collected upon d~ma~d o( an attorney, to pay reauwnabl~ attorn~y'~ frr. [or making ~uch collectiun ~ Defert~d payments he~eunder ahall dear ~ntere~t at the rate ot ten petcent per annum l~om maturity until paid. ~ l h~. note ie acurrd by s mortgaRe of ev~n date herewi;h and ie to ~e conetrued rnd en(urced according to the laws o[ the ~tit~ o( Fl~.r.~a; upon defwlt in the payment of principd an~'o~ inlarcFt when due, the whole 6um of pnm•ipal and int~te~t ~ ~ rrma~ninR unpaid shall, at the option uf th~ huldets, becom~ irr~mcdi~t~ly due and payaWe. ~ f ~ ~ ~ ll ~i~~ ~ ~ ~ ~ ~-'i~ rca..$i.' 1 ' ~ 1~ / I %L ~ '~f.i~ l ~ _ ~ SEA4) \ ~1 - - J ~ ~ - ~ - r • : ' S%s.1 ~ 1 and shall perform, comply with and abide by each end 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 nult and void. 1. The Mortgagor hereby covenants and agrees: Ia? To pay all nnd singular the printipel end intereet and other su~ of money payable by virtue of said promisso*y rwte and thia deed, or either. prompdy on the daya re~peccively the ssme severally beoome~ due. ! Ib1 To permit, cotnmit or ~uffer no waste and to meintain the impro~•ements st all times in a~tate of good repair and condition, and to do or permit to be ~ done to said premises nothing that wiU alter or change the use and tharacter ot said property or in any wa~~ impair or N'FBYf(1 IAP security of tltis i mortgage. Aod in ca~e o( the refusal, neglect or inebility of tF~e ~tortgegor to repair and maintsin said propert~•. the ~tortgaqee may. at his option, make ~ such repairs or cawe the same to be made, and advance mone}'s in that behalf. = Ic? To psy all and einguLsr the taYes.~nssessme~ts, levies, liabilities, and obligatioav of every nature on said descnbed propert~• each and ea~erv when due ~ and psyable according to law, before they beoome delinquent, and to deliver to the Nortgagee on or before ~1arch 15th of each rrar ta~c receipt~ ~ e~~idencing the p~yment ot all L~vfuliy impo~ed tues for t6e preceding calender yeer: to idernnify the Mortgagee upon his demand for all tazea, as~ ~ ments and c}urges thet may be as~es~ed upon thia mortgage on the i~ebtednas secured hereby, and paid by the morgagee. without regard w any Lw hereto{ore enacted o~ heresher to be enscted imposing payment of the whok or any part theieof ~on the \iorigegee. ~ ~ Id1 To pey all and singular the costa, charges and e:penses. including lawyers' (ees end abstract coste reasonably incvrred or pnid et any time b~• the Nortgagee because of the failure on the part of the ~tortgigor to perform, mmply ~cith snd abide by each and ever~ the stipulations, agrerments, rnnditions and eovrnante of said promissory note and this deed, or either, and e~-ery sucA payme~t shall bear interest from date #t the rate of ten 1 l0°~E 1 per centum per annum. ~e1 It is further co~~ensnted and egreed by seid parties that in the e~~ent of a suit being instiwted to foreclose this mortgage, the \torcgagee ahall be ~ enticled to apply ~t any time pending euch foreclosure ~uit to the court }uving juri~diction chereof for the appointment of a receiver of all snd singu~ar t1?e ~ ~B~B~ ProP~Y• of all rents, incomes. Profits. iseues and re~~enue~ thereot. from whetsoever souroe derived: nnd t}bercvpon it is herebY uP~+~Y covenented and egreed that the Court ~hall forthwnth ~ppoint sueh reoeiva with the ususl po~vero and dutiea of reca~tra ia lilce ca~m: and xid ~ppoint- ~ ment shal{ be made by the court ~s a matt~ of etriet right W the Mortgagee. and writ6out ~eference w t6e adequscy or insdequuy of the value of the pro- perty hereby mortgeged. or to the solvency or ineolvency ot the ~f~tgagora or my other party defeadant to euch suit. The :?~ortgagor heceby specif- ically waives t6e right W object to che eppointment o[ e reoeiver as aEorensid end hereby espresaly oonseau that wch appoinun~t ahail be msde as an ~ sdmitted equity ~nd as a rtutter of abso}ute right to the ~tortgagee and that the same m~y be done w~ithout notice to the'Nongegor. ~ ~ t1 tf toredoeure proceedinge. should be instituted egeinet the property covered by thiu mortgage upon any other lied or cLim whether alleged to be ~uperior or junior to the iiea of thi~ mortgege, the Nortgagee cruy at his option immediately apoa inatitution of suth auit w during the penda~cy thereof declare this mortgage snd the indebtedness secured hereby due end payaWe forthw~ith and may ~t ita optioe pmceed w foreclose thia mortgege. °s, I g l Thet the ~f ortgagor wiR Iccep all real and pereonal propertv no~v or hereafter encumbered by the lien of this mortgage insured as m~y be required fran ~a ttme to time by the Nortgegee against loss by fire, windstorm snd otMr Fuzards, casualties and contingenciea for such period+ and for not leaa ~1un ~ such amounts as may be required by the ~forigagee and to pay promptly xhen due all premiume for such insurance. The emounte of in~urance required by the ~torgagee shell be the minimum emounts tor which said insurance shell be ~rritten and it shall be incumbent upon the ~fortgagor to maintain auch ',''3 sdditanal insurance ss may be necessary to meet and comply tully with all asinaursnre requirements contairsed in said policies to the end that the ~aid Mortgagor is oot a co-insuror thereunder. Insurance shaU be ~critta~ by a company or eompaniea approved or deaigmted by the Mortg~gee and dl poli- a cies and renew~als thaeot shall be held by the ~lortgegee. All detailed designatione by the Mortgagor which ere ~ccepted by the ~torcgagce and all agree 4' m~ts betw-een \torigagor and Mortgagee relating W in~urance. ~mv ezisting or herea(ter made. sh~ll be in w~riting and shall be a pert of this mortgage agreement as tully as though set forth verbatiro herein end shell g~overn both psrties hereto and their wccessora and as~igne. No lien upon sny of ssid policiei of i25uranee or upon en}• refund or return premium which msy be psyabk on the cancellation or termination tMreof, shall be ~ven W other than the ~lortgagee. e:cept b~~ pmper endorsement a(fi:ed to suc6 po6cy and approved by :liortgage~e. Eac6 policy of insursnce shell have affised therew • Standard'~ew Ywk Mortgagee Aause without Cont ribution, mslcing all loss or losxa undu such poGcy peyabk to the Mortgagee ee ite intaest may ap~ pesr. In the e~•ent any sum or ~ums o[ money become payabie thaeuader the Mortgagee ahall hsve the option to receive and ~pply the same on acoamt W° of the indebtedness hernby secvred. or to permit ehe :Nortgaqor to receive and use it, or aay part thereof, w~ithout therrby ~aiving or imp~iring any aqui- ~ ti, lien, or right under and b}• virtue of thi~ mon gage. In event ot loss or physical dsm~ga W the mongaged propeRy tbe Mortgagor eh.aU give im~rsdi~te o R 13~ ~:~r ' BOOK ~ PACE a; . ~ xi - . . . ~ _ . . . . . . . ~ . . . . .