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Home My WebLink About0137 PROVIDED, AI.WAYS, that if the Mortgegor shall pay unto the Mortgagee ~he indebtedness evidenced by a (`PH qIT ~.v,miaw?ry nota ~f whirh thw f~llowing in w~~s And fiaure.4 is a true copy 1.o-wit: ~ . mber 10 73 s5,050.00 Fort____~_~Pi_erce, Flo~d. ~Nove . , Fp~A~~~~~~Fn WE. iointly and severally, promisetup~y i ~ to the order o( _ _ _ _ th~ pnnc~pal aum o(~IVE THOUSA~j,I FTFTY 8ila RO 1~~---~-- --DOl.L.4RS, togethe~ with interrst !h~r~on f~om d~t~ at the r~te o( ten percent, per ~nnum until matuoq, both prineipd ~nd intere~t beinR p~y~ble in lawful moncy uf th~ llnitcd ~tates at 22~ Biaeayne Blyd., Mi~mi, florida, w at wch other pl~ce as the holders he?eo! may design~te in wntinR. ~ i • . , • . . _ u___ ~_n I~(IIIl~t1~1 ~~IU I~~IC~C~I 1!~'~Y~i ~~~~~1~~~~~~~w Y ~W~v..~. ONE HUNDRED TEN ($110.00) DOLLARS per month beginning Qn the lSth day of January, 1974, and continuing on the lSth day of each and ~ every month thereafter until paid in full. Th~s note may be prepaid ~n whole or in part a~tet one year from the date heceof upon payment of a penalty equ~valent ~ f~ve percent of the prmc~p~l sum ptepe~d_ " ; Each in•tallmrnt payment shall be e~edited fint an the interest due, and the rem~inder on principal; and intrrr~t ~haU thrrr- s ' upon ~easr upun the pnncipal so ctedited. ' I Th~ m~kers snd ~ndoners of this notc further aaree to waive demand, notic~ o( non•payment and protest, and in !hr event swit I ~t~all be brouRht tor the collection heteot, or the same haa to be collected upon demand ot an attorney, to pay rea.~onabl~ attorney'c I l~r. for mak~ng auch collectio~. - p~(~?r~d paymenta hereunder ehdl bcar intetcat at the rate of ten pe~cent per annum (rom m~turity unti) paid. I 1 hia nat~ i~ eecured by a mortgrge ot evcn date herewith and is to be construed and enfotced according to the I~ws of the ~tat~ o( Flond~; upon def~ult in the payment ot principd •ndlot inttrest whtn due, the whole eum o( pnn~ipal and interest ~ rrma~ning unpa~d shdl, at the option ot tht holdero, become immediately due ~nd ayable. ~ ~ ' l ~ ~sEAL~ t i j - , , i ~~'1 .~,t ~ y!~,.e_, , ~ ~~..C`.t~ - ~SEAL) i and shall perform, comply with and abide by esch 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 end be null and void. ' 1. The Mortgagor hereby covenants and agrees: 1a1 To pay all and singular the pnncipal an~ interest end other sums of money psyaWe by ~~irtue of said p:romisson• note and this deed, or either. I promptly on the dsys re~pectirel}• the same severally becames due. ~ i j 1 bl To permit, comnut or wffer nu waste an~ito muntain the impro~•ements at sU times in a 9tate of ga~d repair and conditi«n. and to do or permit to be ~ done to said premises nothing thal w-ill alter or change the use and character of said property or in any way ~mpair or wraken tne security of [his ~ mortgage_ And in case of the refusal, neglecc or inabi4ty of the ~tortgagor to repair and ma~ntain said propertv. the ~1or[ga~ee ma~~. at his option, make ~ such repairs or caux the same to be made. and ndvance nwneys in that behalf. ~ ~ ~ Icl To pay all and siogular the ta:es, ssscssments, levies, liabilitias, and obligatiorv of even• nature on said descnbed propert,r• each and e~ en• when due ~ and payadle xcording to law, before tMy beoome delinquent, ard to deli~~er to the ~lortgagee on or before ~tarch lSth of each ~ear taz receipts ~ e~idencing the peyment of ell Iawfull~• impoeed tazes for the preceding calendar yesr: to idemnify the hfortgagee upon hia demand for all ta:es, assess ~ ma~ts and ehugee that mey be assessed upon this mortgage on thr indebtedness eecured 6ereby, end paid by the morgaqee, without regard to an~ law ~ heretofore e~ted or hereafter to be enacced imposing payment ot the whole or any part thereef upon the ~tortgegee. ~ ~ Id1 To pay all ~nd singular the costs, charges and ezpenxa, including 4wryera' feaa and ~bstract oo9ts reasonably incvrred or paid at any time by the ~ Nortgagee beeaux ot the tailure on ttie part of the :lfortgagor to pertorm, oompiy ~rith snd abide by esch and every che supulations, agreements, ~ rnnditions and rnven~nte of eeid promiesory ~wte and ehis deed, or either, and every• ~uch peyment shell besr incerezt from date at the nte of ten I 10~ 1 , ~ per ceatum per annum ~ ~el lt is further covemnted and agreed by said perties that in the event of e suit being iastituted to foreclose this mwtgage, the ~iortgagee shall be ~ entitled to apply et any time pending such torrclosure suiR to the oourt heving jurisdiction thereo( (w the appointment ot a receiver of all and singular tAe ~ mortgrged pr,?perty. and of all rents, incomes, profits, irues ar~d re~~enues thereof, from ~rhatsoe~•er eource derived: and thereupon it ia hereby e:pre~ly ~ covenanted ~nd agreed that the Court ahall [orthwrith appoint euch reeeiver with the usual poRera and dutie~ of recar~rs in like cax~: and said appoint- ~ ment ahall be msde by the court sa e mstter of strid right W the :~lartgagee, and without reteraice to the adequacy or insdequacy of the value of the p~o- ~ perty hereby m~rtgaged. or w t6e solvency or ineoh~ency of the Nortg~goro or any other party defendant to such suit. The ~fortgagor hereby ~pecif- ~ iaUy w~i~~es t6e right to object to the appointment oi a reoeiver ~a a(oresaid and h~eby e:pressly oon~enta that such appointm~t shall be m~de as an ~ admitted equity and as a matter of ab~olute right to the'.Nortgagee and tMt the s~me may be done wiihout notice to the btortgsgor. _ ~ ~ 1t1 I( [orecbwre proceedings ~hould be instiwted egainst the property co~~ered by thu moKgage upoo any other liee or tLim whether alleg~ed to be ~ superior or junior to the lien o( this mortgage, the ~lortgagee may at hia aption imrrxdiatel~ upoa institution of such suit or during the pendency thereof dcclare this rnort,gage and the indebtedness secured hereby due and payable forthwith and msy ~t its option proceed to foreclose this mortgage. I g i That the ~iortguqor ~ril! Iceep aiI real and persona! property nos or hereaher etxvmbered by the lien of this rtwrtgage insured aa may be required from ' time to time by tbe Afortgagee against bss by fire, xindstorm snd other hazuds, usualtiee and coneingencies for such period~ and for not les~ than ~ wch amounts as may be rcquired by the Mortgagee and to pay promptly ~rhm due all premiucns for wch insurance. 7T~e amounts of insurance requind by tne \turgagee shall be the minimum amounts tor which said imurance shall be ~rritten and it sF~aA be incumbent upon the ~tortgagor to mtintain suCh ~ additioml in+~snre a~ ma be necesaan• to R~eet and co y mply fully ~vitA dI coingurance requiranenis contained in said policies to the end th~t the s~id ~ Nortgagor i9 not a cYrinsuror themunder. Insurence shaU be w~ritten by a company or compsnie~ approved or designated by the biortgagee and all pdi- ~ cies and rer~ewals th~eof shall bP hefd by- the \fortgagc~e. All detaiied designations by t6e ~lortgagor w6ich are accepted by the blortgagee and dl agee m~ls betwren 11ortRagor and :11nrtKagee relating to insurance, nOw e=isting Or 6ereahei mod2, ehall be in w~riting and sha11 be e peR of this mortgage ~ agrremerx es (ully as thougb set torth ~erl~atim herein and shall govern both psrties hernto snd their suocessors and assigns. \o lien upon any of s~id ~j licie~ of insurerxe or u an rrfund nr return remium which me be able on tM cancellatinn or term?mtion tMreof, sha11 be ~en to other tlun i P'~ p~ Y P Y paY B~ ' - the \fnrtgagee, rxcept by proper erdorsement atfi:ed to such polity and appro~•ed by ~fortg~x. Est6 poticy ot iruurance shall have a(~ed t6aeto a _ Standard tieR York ~tortqagee Clsuse without Contribution, rtuicing all los~ or loexe under such policy payable to the Mortgagee as ite intereat may ~p~ ;~F pesr. 1 n the ecent sny wm or sums of money become payeble thereunder the :liortg~gee ~haU have ihe option to receive aad ~pply the ume on acaount of the indebtedness hereby qecurrd. or to rmit the ~tort ~r to receive ~nd ux it, or ao pe gag y part thereof. w~ithout thereby waiving or impairing aay equi• -'~i ti, lien, or rigfit under and by ~irtue of this mortgege. (n event of loa+or phyaiul danvge to the mortgaged propetty the ~iortgaqor slull giva imtnsdiate ~ ~ n 1 o R 22~ E 137 - BUOic Par.• ~ ; , . - ,