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Home My WebLink About0493 PROVIDED, ALN~'AYS, tha~ if the Mortgagor s1?all pey unto the blortgagee the indebteci~ess evidenced by a certain romissory n~s,e______of which the followin in words and fi res is s true co to•wit: _ ~,f~ t 2~47~~00 Fort Pierce, Fio~da._No~,~emher 8_i , in73__ ~ g~ ,E j promiee tu pay F1)R H~~~ER~~KO t~ the ord~r of -(J~-------- • the pnnr~pal ~um of TWO THOUSAND FOUR NUNDRED SEVFNTY-FIVE an~~o . F~. ~~~~th~~ W~~h ~~<«r~~ - thrreon (rom date at th~ rate of ten percent, per u~num until matunty, both p~ncipal ~nd intereet being p~yabl~ in law(ul mone~ o( th~ l:n~ted ~tate~ ~t 2241 Biaeayne Blvd., Mumi, florid~, ur et such other place ae the hulden hereo( may de.ign~t~ io w~~t~n~. F'nnc~pal ~nd intereet pay~ble in in~tallmenl.+ u follows: ~ STXTY ($h0.00) DOLLARS per month beginning on the 15Ch day of January, 1974, and contin~,ing on the 15th day of each and 'every month thereafter until paid in full. ~ Th~s nott may be ptepa~d ~n w}tole ot in ~art aftet one year from the date hereof upon payment of a penal~~• equ~valent ~ c,. (,ve percent of :he pnnc~pal sum ptepa~d. ~ F:~el~ in-ullmrnt payment ~hall be er~dited fint on the intrrest due, and th~ ~~mainder on princ~pal; and intrr~~t ~hall thr~r- ; upon ~~au upun the pnntipal ~o ct~dit~d. , ' Th~ mak~n and ~ndorsers of lhis not~ further agree to waive dem~nd, notic~ of non-p~yment and p~otest, ~nd in thr ~vent .uit I ,{ialt b~ brouRht for the collection heceu(, o~ the e.ame hu to be coll~cted upon deniand of an attorney, to pay r~a.onaLlr attorn~y~~ ~ (rr~ (or mak~ng +uch colltction n~t~rred payments hereunder ehal) bear int~re+t at the rat~ oi ten perc~nt p~r annum from maturity unti) paid. ' 7 h~. not~ ie recured by ~ mortgage of even date her~with and i~ to 6e c~nstrved and en(urced according to 1h~ laws o( the ~tat~ of Fl~r~da; upon default in th~ payment of principd ~nd~~~ inte:~+t when dut, tht whole sum o! pri~ripal ind int~rest rrmaminR unpaid shdl, ~t the opOon of the holdtrs, become immrdi~telv dut-and pj yable ~~y, ! ,i /L+L. ! ~ / ~ /'~"i~ , (tiE.aL; . i ~SFaL) - ~ ~ and shall perform, comply with and abide by each 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 and be nutl and void. 1. The ~'iortgagor hereby covenants and agrees: ~ -1a~ To pay eU and singular the pnncipal ~nd interest nnd other sums of money payaWe by ~-irtue of said pronusse~n• nnte end this deed. or eicher, ~ prompUy on the day~ respecti~ eh~ the same se~ erally becomes due. r { b~ To permit. commit or euffer no x~este a:~d to maintain the improvements at all times in a state of good repair and condition. and to do or pernut to be ; done to said premiees nothing thet will stter or change the use and character of said property or in any way impeir or v.~eaken the security of this ~ mortgage. And incase of the refasal, neglect or imbiGty ot the ~torcgagor to rnpair and maintun ssid property. the ~lortgagee may. at his option, make ~ such repairs or cawe the same to be made, and advance moneys in that behalf. - t € Itl To sv dl and si the tazes. assessmente, levies, 4abilities, and obligetions pt e~~ery nature on said dexnbed p~opertv each and ecery w hen due ~ p - ngul°r ~ and psyebte secording to law, before they become delinquent, acd to deliver to the Jtortgagee on or 6efore ilerch l5th of each vear tan rece~ipts ~ evidencing the pa}Tnent of all lawfully imposed ta:es tor the preceding calendet ~ear: to idemnify the Hlortgagee upon his demand for all tazes, assess r ment~ and charges thai mar be asses~ed upon this mortgage on the indebtedness ~ecured heseby, u~d paid by the morgagee. w~chout regard to any law ~ herntoEore enxted or haeafter to be enacted imporing payment of the whole or any psrt thereof upon the ~tortgagee. ~ ~ Id~ To pey all and aingular the costa. charges and e:penses. induding lawyers' (ces and ab!trxt costs reasonably incurred or paid at any time by the Mortgegee becsu+e of the failuze on the part of the !~lortgagor to pertorm. comply with and abide by each and e~-ery the atipulations, ngreements. conditiona snd rn~•enante of said promisaory note and thig deed, er either, and e~~ery such payment shell bear interest from date at the nte of ten 1 IOg 1 pel centutn per annum. ~ ~e~ It is further co~-emnted and agreeci by said partirs thet in the e~•ent o( a suit being instituted to foreckr.~e this mortgage, the ~tortgagee shall be ~ entitlyd to apply st am• time pending such torecloswe suit to the oourt hevin~C jurisdiction thereof for the appoiatment of a recei~•er of all and singutar the ~ mortgaged p~operty. nnd of all rente, incomes. pmfrts, issues and revenues thereof. (rom whatsoever source derived: and thereupon it is hereby e=ptessly ~ co~enanted and ageed thal the Coure shaU forthwith appoint such receiver with the usual powcis and duties of recei~~era in liice ca.9es: and said eppoint- ment ~heU be made by the court as a metcer of strict righe to the titortgagee. and writhout refvence to t6e adeq~ucy or inadequacy of the value of the pro- ' perty hereby mor,gaged, or to t6e eoh•en~y or ineolvency of the ~fortgagor~ or any other party defendant t~ such suit. '1'he ttortgagor 6eceby specif- . ~ icall~• waives the right to object to the appointmmc of a receiver sa aforesnid and hereby ezpressly con~ta that wch eppointmeat s}ull be m~de u an : ~ adcrutted equity and as a matter of absolute right to the Mtortgegee end that the aame may be done without notice to the \tortgagor. ~ ~f~ (i forecbsure proceedings sha~ld be inst~tuted against the property covered by this mortgage upon any othel lien or cLim whether alleged to be superior or junior to the lien of this rtu~rtgage, the ~tortgagee may at hia option invnediately upon instiWtion of such suit or during the pendency thereof declsre this mortgage and the indebtednesa secured hereby due and pa~ able tortha-ith snd mey at it~ option proceed to foredose thia mortgage. 1 g I That the ~lortgagor will keep all real and personal property now or hereafter encumbered by the Gen of this mortgege insured as msy be requi~ed from ~ time to time by the Uortgagee agsinst loss by fire, windstorm a~ ot}~r Mzerds. cuualtie~ end contingencies tor such periods and for not (ese th~? such amounts as may be required by the ~tortqagee and to pey promptly when due aq premiuru for such insursnce. The amounta ot ingurance required vM• the \torgagee shslt be the minimum amounts (or which sa~d in4urante shall be xritten and it shall be incumbent upon the ~tortgagor to maintain such - additionaf ~nsurance se msy be necessary to meet and comply fully ~cith ell rninsurance requiranents contained in said poGcies to the end that the seid ~lortgagor is not a rn-insuror thereunder. Insurance shall be wriuen hy a rnmpany or companies spproved or d~vgnsted by the ~IoKgegee ar~d all poii- ~ c~s and renew~als thereof shell be heW by~ the Jlortgagee. All detailed de9ignations b~ the Mortgagor which sre accepted b~• the titortgagee and all a~eP ments betw-een \tortRagor and ~tortgagee relating to ituurance. nox e:isting or hereaker made, ahall be in writing snd nhall be a pert of thia mortgage aqreement ac (ully as thougb set forth ~•erbatim herein nnd shell go~•ern both pnrties hereto and their succeseors and asaigns. ro lien upon ~ny ot ssid _ policies ot insurance or upon any refund or rMUrn premium ~rhich msy be payable on the cancellation or termination thereot, shall be gi~•en to other t}un the ~tortgaKee, e:cept by proper em~.~rvement affi:ed to such poGcy snd approced by tilortgagee_ Each policy of imurance shall have affued thereW s ~ Standud \ew~ Yorfc ~tortgaRee Clause without Contnbution, mslcing aU los~ or loaeea under such policy psyabk to the ~tortgagee a~ ita iiKerest may ~p- x-' pear. In the e~ent am~ sum or sums ot money betrome payable thereunder the Afortgagee shal! tuve the option to recave and ~pply the aame on acoount of tM indebtedness hereby~ secured. ~r to permit thr 1lortgagor to receive and ux it, or any part thereof, xithout thereby wsiving or impsiring any equi- ti, lien, or right under a nd bv a~rtue of this mortgaqe. [n event of loss or physiul dam~ge to tde mortg~ged property tbe biortgagor ahall pve imtnedi~te .':@ i~ B~~K 221 PAGE 493 ~ . _ _