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Home My WebLink About1707 PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by e certain romissory note of which the foUowing in words and figures is a true copy tawit: ~ ~~~'°s~ , s_9,$Q0~00 Fort Pierce, F~or;d, October 20• _ ~~._Z3 - . Fo UE g~,~ yE WE ' ointl ared severa 11 p.om;x P,y to che orde~ o/~~ GELB~R ~'0~'SERVIC , . Y~~ ' PLAN I th~ principal sum o[ 11TTN~THpLTSA~D EIGNT ~,UNDRED AND tl0 ~0 pOl.L.4RS, tog~thet with interr.t th~rcon irom date at the t~te o( ten percent, per ~nnum unti) matunty, both principal and interest beinR payable in lawtu{ money ut i~~r l?nited 5tatee ~t 2244 Bisc~yne Blvd., tiliami, Florida, ur ~t wch other place as the holden hereof may de.ignat~ in w~iting. ' E'nncipal a~d inte~rat pay~ble in in~tallmeMs a~ follow~: TWO HUNDRED ($200.00) DOLLARS per month, for ~hirty-five (35) co~- ~ secutive months, on the 15th day o£ each and every month, beginning on the lSth day ot December, 1973, and continuing until the 35th day of November, 1976, at which time the balance shall become due and payable. ' Tl~~s note rr(ay be p:ep~id ~n whole or in part a;te~ one year from Ihe date heteo[ upon payment of a penalty equivalent a (~ve percent of the p~i~c~pal sum prep~id. ~ ~ F:uh in-tallment payment ehall be rt~dited first on the intetesl due, ~nd the rcmainder on principat; and intrr~•t ~hal1 thrrr• - ~ ; upon c~sx upun the pnncipat so rredrted. i j Th~ makrn and ~ndorsera of this note fu~iher agret to waive demand, notice o( non-p~yment and protest, ~nd in thr ~vent ~uil ~ .1~~11 b~ drouRht !o~ the collection he~eof, or the same haa to be eollected upon demand of an attomey, to pay rcawnabl~ attom~y'~ ~ ~rr. (or makinR ~uch coll~ction. ~ ' Def~rr~d paymenta hereunder shdl bear interest it the rate of ten percent per annum (rom m~turity until paid. ' 1 hi+ not~ it eecured by a mortpae of even date herewith and is to be eonstrued and enforced according to the (aws of the ~ ~~t~ o( Florida; upon d'fault in the payment ot principd and/o~ intereat when due, the whoie eum ot prin~ipal and intercat I r..n,a?ninA unpaid ehafl, at tAe option o( the holders, become immedi~tely du~"a~d payable. ~ i / ' C'~~-tc~z-r, ~__C'_f.~--i--- (SEAL) ' ~ ~-I~ / 1 (SEAL) - and shall perform, comply with and abide by each and every the atipulations, agreements, conditions and covenants of said promissory note end of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: 1~1 To p~y all and singular the prinrip~l and interest aod oth~ sume ot money payable by virtoe of seid promis.+ory note and chia deed. or either. prompdy on t6e daya reapectivd~ the aame eeverally beoomes due. + ~ Ib?To peratit, commit o~ suffer no waste and to maintain the improvement~ at aU time~ i~ s state of good rcpair and oa~dition, tod w do or permit to be me doae to eaid premixa nathiog that will alter or change the use ~nd chvader of said property or in any wr~y impair or w~eeken the aecurity of this - mortgsge. And in case o! the rcfueal. neglect or iuability ot tl~e biortgsgw w repair and maintaia said pmperty. the :Nortgagee msy. at hiu opcion. meke suc6 reQain or uux the same to be made; and advsnce moneya in that behslf. Icl To p~y all and aingular the tazes, s~es!~eate. levie~. liabilitiee. and obligatiow of every neture on ssid dexribed property each and e~-ery ~vhen due and payable aeoording to 4w, befare they become delu~quent, aid to ddiver W t6e Mortgagee on or before Much 15th o! esch year tas receipta evidencing the payment of all Lw~fully imposed tuea for the pteoeding dlead~r yeer: to idemnify tAe Mortgagee upon his demand for aU tazea, ~sseeo- menta and clurges t}ut may be ~sss.+ed upon this mortga~ oo the iedebteduess secured heeby. and paid by the mor6eeee. without regud to eny law herewfore ea~cted or haeafter to be enected imposing paymeat of tbe whok w aay part L6ereof u~on the :I~ortg~gee. ; Idl To p~q aU and aingular the coste. charges and a~ensee, including la~ryera' feee ~nd abeu~et oosta reasonably in~vrred or paid at any time by tM ~ Mortgagee bec~ax of the failure an tl~e part o[ tl~e Mortgagcx w perform. comp~y wiW and abide by eseh and every the ~tipulatioas. ageenaits. £ conditious and covenants of eaid promissory noce and thu deed. or either, aad ertry such payment sF~all bear ineerest Erom dete at the nte of ten I 10%1 ` per ceatum per annum. 'r Ie1 It i~ furth~ co~~easnted and agreed by snid psrties that in the event of a suit being instituted w fomioae thi~ mortgage, the ~lortgsgee shall be ; entitled W~pply ~t any tia~e peoding such (oreclosure suit w the oourt Tuving jurisdiction tf~ereof for the appointment oE a reeeiver of ell end singular tbe ~ ~B~B'~ P~Y. aad of ell rer~ta. enoome~, profits, iseuee and reveoue~ thereof. tmm wlutaoever aource daived: end thereupon it is 6ereby r~pressly ; rnve~anted sad agreed tlut the Court sAsll fortLwich sppoint such reoeiv~r with the usual powers and dutie~ of reaivere in like caees: and said appoint- 3 ment slull be made by the oourt ~s ~ matter o! strid right w the Matg~gee, aad witbout refereaee to the adequ~cy or iaadequ~e.y of the velae of the pto~ 2 perty h~eeby mortgaged, or to the soiveocy or ineolvm~y of ihe Mataagors or ~ny other p~rty defend~nt w sue6 suit. Tl~e Mortgagor heieby apeeif- ially waivee tbe right to objeet W the ~ppointm~nt of e reoeiver u aforesaid and hereby ezp~aaly oonseuts tlut auch eppointuneot slrll be m~de as an ' admitted equity end as a matter of ~beolute rigfit to the Mortgegee and t6at the asme a~y be done withaut notice W the Mortgagor. i ; I( toreclo~ure proceedings should be insticuced againse t6e proptYty co~rored by this mortgage upon any other lien or cLim w~heth~ alkged W be superior or junior to the lien o! tltia mortgage, tt~e ~tatgagee m~y ~t hia option immed'utely upon ia~titutioa of such auit or during the pendmcy thereof dec4re this mortgqge and tbe indebtedness secured haeby due and payable forthw+it~ and may at its option prooeed w forecbx this mortg~ga. I g 177ut the Mortgagor w~ill Iceep all real aad penonal property now or 6ereafcer eniwnbered by the lien of thi~ mortgage iasured as msy be required fran ~ time to time by the Mortgagee agaian bss by fire. ~vindewrm and other Fuzards. casualtiea and oontingenciea for ~uch p~iods and fw not less thau ; wth amounta ss msy be required by the Mortgagee and to psy pmmptly xhen due e11 p~emiuau for st~ch inwrance. Tbe ~mounts of insurtu~ required by the Morgagee shaU be the minimum amoants for which said imurance shaU be writtm and it shap be in~wnbent upon t6e biortgagor to maintaio such i additaml inaurance ae may be tieoeawy to meet aad mmpiy fnlly wit6 all oo-insurance eequirenents contained in said policie~ w the end tF~at the a~id Alortgagor is not s co-insuror thereunder. Insnrance shall be~vritten by a company or oomp~nies epproved or deeigcuted by the Moctgagee aud sll pati- ? cies snd renewals thaeof shall be heJd by the Mortgagee. All deuiled deaignsciona by the MoRgagor w6ic6 ~re scoepted by the biortg~gee aod all agree~ : ma~a between Mortgagor and Mortgagee relating to im~uance. now e:isting or heee~fter made, shall be in w~riting and ahaU be a p~rt of this awrtg~ge agreement as tully sa thougE xt (orth verbatim herein and slull govern both parties he~eW ~nd thdr suooes~oro and asri~a. No tien upon any o! s~id policies of insurance or upon any refund or retum prpnium which m~y be p~yib{e on tAe tancellation or termiaatioo thereof, ~lull be ~ven to other than tLe Mongagee, e:cept by proper endorsement atfi:ed to such policy and ~pproved by Mortgagee. Eac6 policy of ins~uance shdl6~ve afCued thereto a Standard Newr Yorlc 1N.ort gagee paux without Contributioa. malcing all bsa or losses undv wch poticy paYable to the Mort pear. In the event any wm or sums of money beoome paysbb thaeunder the M ahall have the oa W receive sod a~~ ~y•R ~8~ ~ pply the aame on acoount of the indebtedness hernby xcured. or to pertnit the ~lortg~gor to receive tad ux it, or any part thtseof, w~itMut t6sreby w~iving or impairing any aq~i- = ii, lien, or right under sod by virtue of this mortgage. In event of los~ or physical duo~gr W tbe mp~tgaged prop~rty the Mortgsgar shall give imme~ats ~ ~ eecx 2~ ~704 _ti=:. . _ :