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Home My WebLink About0140 i° PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtednesa evidenced by a certain promiasory note of which the following in words and figures ia a true copy tawit: , , , ~aHNG~ = 2, 775.00 Fort ierce, F~«;~ November 8, 73 ' fl~ VA~b~$~'~LVR~~~I~iG~~~~~UKV~~~'t~~~~ l~afv ~e pwmise tu WY ta the o~d~r o( _ OIN`1~~~~i~ l Ihe pnnc~pa! wm o! TWD ~ ' ' L. , o6e et with intcreal thereon (~om date at thuate of ten percent, pa annum until matu~ty, both principal and intereit beinR payable i~ lawful money ut ; th~ llnitcd ~tatea at 22~14 Bi~carne Blvd., A1~ami, Florid., or ~t wch othe~ place aa the holdus hereof may designate in wnting. Princip~l ~nd inl~reet payable in inuallments v(ollow~: ' SIXTY-FIVE ($65.00) DOLLARS per month, beginning on the 15th day of January, 1974, and continuing on the 15th day of each and every " month thereafter until paid in full. Th~s note may be prepa~d ~n whole ot in part a:tet one year ftom the date hereof upon payment o! a penafty equrvalent ~o f~ve percent of the p~~nc~pal sum prepaid. • f:ach in•tallm~nt payment shall be ~crdited tirst on the interest due, and the remaindet on priocipd; and intrrr.t •F?all thrrr- upon «a.r upun Ih~ pnncipa~ so c~edited. Th~ mak~n and ~ndursers o[ this note (u~ther agree to waive demand, notice of non•payment and protest, and in thr ~vent suit .liall be bruuRht for th~ collection hcteu(, or the came has to be collected upon demand of an attorney~ to pay reasonable attorney'F ~ (rr. for makmR .uch ~oll~ction. f)~i~rr~d paymenta hereunder ehal) bear interest at the rate ot ten pereent per annum [rom miturity until paid. r ~ 1'h~~ not~ ie ~ecured by a mortaage o( even date herewith and ia to be construed and enfoeced accord~n~ to the laws o[ thlj ~tat~ of Fl~x~ds; upon default in the payment of principd andlo~ inte~at when due, the whole sum of p~ineipal and in4re~ rrmaming unpaid ahall, at the option of the holde~, become immediate{y due and payable. , ~C~ I ~ ~ (SEAL) ~ l ~ i ~ ~ (SEALj ~ , . and shall perform, comply with and abide by each and every the stipulations, agreemencs, cona~cions anu cv~C..a.,~~ 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 Mortgegor hereby covenants and agrees: lal To p~y all wd singulnr the prinapsl and interest and other sums of money p~yabie by virtue of said promissory nou an~ tt.is deed, or either. prompdy on the da~ s respectively the same ae~ eraUy beoomes due. 1 bl To permit, commit or sufter no ~raste and to rtuintain the impro~~ements at a!1 times in a state of good repair and conditiun, and to do or pera~it to be done to said prem~sea nothing that w~ill alter or change the use and cMrader of said property or in any wsy impair a weaken the security ot this mortgage. Aad in case of the retusal. negket or inability ot thr I~iortgagor to repair and maintain said property. the Mortgagee may, at his optioa, make such repairsor cawe the same to be made, and advenoe moneys in that behalf. I ` Icl To pay all and singuLr the tazes, assessmenta, levies. Gahilities, and obligatio2 of e~rt_r• nature on said dexribed property eech and every when due i and payable according w law, before they become delinquent. and to ddi~-er to the ~l~rtgagee on or before ~larch I5th of each year wc receipts ! evidencing the payment of all Iswfufly icnposed tazes for the preceding calendar yeer: w idemnify the Afortgagee upon hi~ dea~snd tor ell teze~. assee,t ~ j rneats and charges t}ut may be asae-s~ed upon this mortgage on tl~e indebtedness eecured hereby. and paid by the morgagee. without regard W say lar ; hernwfore enscted or hereaker to be enacted impo9~g payment of Ne ~hole or any part thereof u~on the MoKgagee. - s ~ Idl To dl and si the costs, cMr and g lercyers feea end abstract costs resaonaW uk.vrred or y y g p~Y ngular ges e~enqes, includin y' paid at an time b the ~ ~iortgagee beause of the failure on the part of the Atortgagor w perform, aomply writh and abide by each snd every the stipulations, agreeinencs. ~ conditions aad rnvenants of asid promiesory note and this deed. or either, and e~ery such paymeat shall be~r interat from date at the rete ot ten I 10°bl per centum per annum. lel tt is further covensnted and ageed by said parties that in the event of a suit being irutituted to forecloee thiu matgage, the ~lortgagee ahell be ~ entitied to apply st any time pending such toreclosure enit to the oaurt having jurisdiction thereof tor the appointment of ~ receiver ot sU and singular the ~ ~8~8~ P~~Y. and of aU rents. income~. protits. iasues and revenues thereof. from rrhatsoever aource deri~Yd; and thaeupon it is hereby e:pressty - covenanted and ageed tAat the Court shall torth«ith appoint such reaeiver writh the usual powers and duties of reoeivero ia like caxs: and asid appoint- ~ ment slull be m~de by t he court u~ mauer o( etrict right W the Morsgagee, and without re(~eece to the adequacy or i~dequ~cy ot the value ot the pro- perty hereby ~r.ortgaged, or w the wlvarcy or inaolvmcy ot the Nortgagors or any other perty defendsnt to sueh suit T6e Mortgagor 6eneby specif- ~ icaUy ~vaives the right to object to tbe ~ppointmmt of a reaivQ e~ aforessid arid hereby e:pressly oon~eata that such appoinW~eot etull be m~de ~s an x admrued equity and as a metter of absolute right to the Nortgagee end that the ssme may be done without ootice W the Mortgagor. § ~ ~tl If forecio~ure pro~xedings should be instituted egainst t6e property cm~ered Ay this mortgage upon any otha liea or claim whethQ alleged W be superior or junior to tbe lien of this mortgage, the 1lortgagee may at his aQtion imtnediately upon institution of soe6 auit or during the pendeacy thveot _ declare this mortgsge and the ~ndebtedness scrured hereby due end pa~ able forthwith and may at its optioo proceed to faeclose thie mortgage. Ig?11ut the \fortgagor will lceep all real and peroo~ul property now or hereaher encumbernd by the lien of this mortgege in~ured u m~y be roquired from 2 time w time by the Mortgagee again~t loa~ by tire. windstorm aad other hezard+. casualtie~ end coneingendee for auch periods u~d tor na kss th~n ~ such amounts es msy be -equired by the ~lortgagee and to p~y promptly irhen due all pronuums for such insunnce. 'R~e amounta of i~unooe requited by the ~torgagce shall be the minimum amounts for which s~id insurance shall be written snd it shaU be incwnbent upon the Mortgagor W maintain suth _ ~ additional in~urance as may be nece~.wy to meet ~nd mmply [nlly w~ith ~11 oo-insurance requirements contained in seid poliap to the end th~t the s~id Mortgagor is not a co-insuror thereunder. Insurance sFall be writtm by a company or oompanies ~pproved ot de~ignatsd by tl~e Mortgagee u~d all pdi- ~ cirs and rene+irals thaeoF shall be held by the Mortgagee. All detai4d designations by the Mortgagor which are accepted by the Hortgagee and all ~ge~ maus between :ltortgagor and ~fortgagee relating to in~urance. nowr ezisting or hereafter made. shall be in ~rriting and s6a11 be ~ p~rt of thiu mortgage ~ sgreement u fully ae thoug6 set (orth verbatim herein and ahall govern both parties hereto and theu aucceseoro and wigns. No lim upon aay of said ~ policies of in9urance or upw any refund or retura premium whieh may be psyabk on the cancelletion or tumination tl~eof, shall be ~ven to ott?er than ~ the !Nortga~ce, e:cept by proper endorsement affi:ed to such pobcy and approved by liortgages. ~Eac6 policy ot insunnoe s1u11 E~ve affiud thereto • ' Standard !~ew York Mort~gee C1aux ~vithout Contribution, malcu?g dl los~ or losses under wch poGcy psy~bk to the Mortgagse u its intereat may ~p~ pe~r. ln the eeen~ any wm oc ewn~ o( money beoome payabb theceuader the Mwtgagee eh~ll have the option to recave and apply the same on ~coatnt of the ~ndebtednes~ hereb~ xcured, or to permit the Nortgagor to receive ~nd uee it, or aay paR thereof, without thereby w~iving or impairing any equi- ~ ti, lieo, or rignt under aod by ~irtue of t}uw mortgage. in event of bss or phyaical daasage to t.~e mortg~ged prop~ty tbs Mortga~or shaU ~w imt~ate ,z~ ~ C' R ~ B~~x 2 1 PAGE 14p ~ ~ 4: . F~ ^~'q: - _ ~ " . .-.`2`$