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Home My WebLink About0973 - . . l PRUVIDED. AL~\'Al'S, that it the ?1lortgegor shaU pay unto the l~tortgagee the indebtedness evicienccKi by a ctrtaia promissory aote of w~Rich the toUowinR in words ~nd fiAUres is a true copv to-wit: : ' • ~ ~ ~ t 2.200.00 Fort Pierce, p~,~;d, . November 15, 1~_ 73 = . + Fu SAM~~HOR~WI~~-A I promi~e tu WY to the ord~~ o! _ ' tfi~ p~nc~pd wm of TWO THOUSAND TWO- HIJND~Eb A13 RO ------pOI.L!1RS, together with ioterra~ theKOn from date at the ~ate of ten perreot, pes aonum until matunq, both principal and intereat bein~ pay~ble in lawtul money ut _ ~~.....a ~2i.1 R:.r.~ne Rlvd.. \tumi_ florida, ot at wch olher place o the hddera hereof may desi6nate in writin6. ~ Pnnc~pal and ~nt~rrat pa~abk in inatal~tnents as Idloy+s: FIFTY ($50.00) DOLLARS per month, beginning on the 15th day of January, 1974, and continuing on the lSth day of each and every month thereafter until paid in full Th~s nott may bt pcepa~d ~n wl~olt ot ~o pul a:ter one year from the date hereof upon payment of a penalty equ~valent ~ :n t~ve ~eru~t of :he pT~nc~pal sum prepa~3. ! E~ch ~n-tallmrnt paYment ~hall be .•ndrted t~rae on the inter~st due, and the remaiode~ oa pnncipal; and intrrr~t ~haU lhrtr- - i upon c~ix upuo th~ pnncipst w cred~led. I Th~ makrn and ~ndorsecs of thia note further a~ree to waive demand, nol~c~ of non-payment and protest, and in thr ~vent wit I -i~all br brouRht for the collection hereu(, or the aame has to be collected upon demand o( an attorney. to pay reaaonable attorney'~ i fr~~ [cx makuy~ such coll~ct~on ~ D~f~rr~d payments hereund~t ahail bea~ ~ntcrest at the rate of ten percent per snnum Irom maturity until paid. 1 h~~ oot~ ~s ~ecurrd by a mort~ge o[ rven date hnevrith and ia to be conttrued and enfotced according to the laws ot the j ~tst~ of Fl~x~da; upon defautt in the payment of pnncipd andlo~ intueat when due, the whole eum of principal and iMeast j rrma~n~n~ unpa~d sAdl, at the optian of the holde~s, become in?mtd'utely due and payaWe. ~ ~~r (~'-~~'t'~.- (S~aL) _ (SEAL) . amd slsa per orm, comp ~ wn an ao e y eacn ana every cne sapuiauans, agreemencs, condittons anci covenants of said promissory note and of this deed, then ttus deed and the estate thereby created shall cease and be null and void. 1. 'The biortgagor hereby covenants and agrees_ ~a! To p~y afl and sicsgular the pnnapal and tnterest sad other sums of tnone} payaWe by virtue of said prouussory mte and this deed. or either. prompdc on the da~a respecu~ eh- ihe seme ser-eralty becomee due. - ! b? To permit, cammit or suffer cw saste end w mainuin the impro~•emen[s at al! cimes in a state of good repair and c~ndition. and to do or permit to be E done to said peem~xs nocAing ehat will aker or change the u~e and chwcter ot eaid property or in any way impeir or wFaken the security of this s moitgage ~nd in cax ot the refusal. eeglect or inability of the ~tortgagor to repair and maintain said propert}•. the ~tortga~ ma~•. at his option, make i such repa:n ar aux cbe same to be nsade. and ada ance money s in that beMlf. F ~ ~t 1 To pac all and sngdar the ta:rs. assassa~ents. le~ies. lia6ilities, and obligatioa+ of e~~en~ nature on said descnbed property each and e~-cYy w hen due ~ and p~~abfe according w ia.s. before the~ beoome de4nquent, and to ddi~w to the ~lortgagee on or before ~farch 15th of each yeaz tu receipte ~ e~~dmon6 cbe p~yment of aU I~wfuih impwed tazea for the preceding cakndar yesr: to idemnify the MoRgagee upon his demand for all tum, asx~er ments and tharge.s thu maf be as~es.xd upon this mortgage m the indebtedness eectued he~eby. and peid by the morgagee, xithout regsrd to ~ny Lw ~ heirtn~ ma~ted or heafter to be eiucted imP~oB WYmeot of t6e fhok or any part thaeof upon t6e ~fort8agee- ~ id~ To piy ~Il and siaguLr the costs. c6arges and ezpenses. including iawyers' fe~ and abstrect owts ~sonably iavrred or paid at any time by the ~iortgagee yeatiye of che faiture oa che parc of the \Sortpgor to perform, oomply w*ith and sbide by each end e~•ery the etipulation~, agreemmts. mn~tioes and coti~nanu of s~id promis~x- noce and this deed. or either. and e~~ery such paymeot shall bear incerest from dete at tAe rate ot ten I 10`~'c 1 per omt~ pv ~nnum ie~ It is hat6er co~ecrated and agreea b~ s~id pucies that in the e~-eot of a suit beicig inatituted w foreclose this mortgage, the ~tortgagee shall be ent~tled w applr ac an~- [ime pendiag such torfciosure suit w the murt h~~~ng jurisdiction thereof for the appointmeot of e recei~-er of all and singu4r the moit6aged propQty. and of atl rents. irmomes. profiLS. issues and re~-enues thaeot. from w hat~oeve eource derived: and thaeupon it is he~eby e~presaly ~ coneaanted and agreed that che Court =ha21 f~thwrith appoint suc6 reoeivv with t6e usual pow-as and duties of recei~~en io like cages: ~nd ~aid appoiut- ~ mmt ~haH be m~de by t6e court as a m~uer d~trict rigbt w the alartgagee. and withoat reference w the sdequ~cy or inadequacy of t6e value oi the p~ ~ prrtr herebr mort~aged. or w the ~oh•en~y or ineolven~y o! the Natgagon or any other psrty delendant to such suit. The ~tortgsgot 6ereby specif- x~Up sai~rs tbe right w object to the appointmeot of a recr~~~er ae etoressid and hereby ezpressly oonsenta that such appointment ~h~ll be made ~s ~n ~ adm~tted eq+at~ and as a matter ot absoiute right to the V[ortgagee and that the same may be done without notice to the ~tortgagur. ~ ~f~ !t forecioaure shoutd ~ insututed nst the cotiried b• thiu most u n an other lien or claim whether alk W be ~ Prooeed?nKs ~ ProP~Y ) 8~ P~ Y 6~ supawr or ~unior to the L•en of t~is mort~pge. the ~loctgaRee may at his option immediacely upon institution of such suit or during the pendeacy thereot declue thu martgage and the indebtedness aecvred hereb~ due and payable [orth~cith and may at its option proceed to forecbse this mortgage. ~ K ~ lhst the ~fottgsEmr w ~ll {ccep all real and persona! property now or hemaher encvmbered by the lien ot this mortgage insured as mey be reqWired from tune to time os the \iorigagee aga~nx bss b_r- fire. ~n~uorm end ot6er hszards. casualties and contingencie~ for auch periods and (or not les~ than wch amouncs as ma}• be requu~ed b_r- the ~~ortqaRer anA to pay promptly vchen due all premiums for such insurance. The amounts of insurmce iequired ~r, b,~ ehe ~iorgagee shsll be ehe musunur.s amoun[s f.x shich said ~nsurance shaU be ~sritten and it shaU be irnwnbent upon the \longagor to maintain such addit~onal iasiuam as mac be neoeaw~ co m[et ud compl~ fiilly with aU eo-insure~e requiranents contained in said poticie~ to the end th~t the s~id ~fortgago~ is not a eo-insuror clxreunder Iciurance slull be w~rittm by a company or oompanie~ approved or deeigaeted by the Mortgagee and aU poli- ~ c~es and re~saLs tbeeof shali be heid b~ the ~tort~[agea A!1 detaiied designetiom by the Mortgagor which ue accept~ by the ~lortgagee and all a~ee a=; ~k ments bet.~een \fortgagor and \fortgagee relating to ins~uance. ooR ezisting or hereafter made. shaU be in ~rriticig and slull be a pert of thie morigagt agreemeru as fulh~ as tho~ug6 set Eorth cerbatun hereia and shall govern both psrties hereto snd their wcce~sors and assigns. No Gen upon ~ny of atid ~ patines of insurane x upon anY refund or return prea?ium which may be p~yable on the cancellatan or tamination thereot. shall be gi~•en to otMr tlun ~ che \lortqagee. e:cept b~- pruper endr,?~e~ent affi:cd to such pofic~• and appro~•ed by ~iortgagee_ Eech policy of inaurance ~hall have atfized tbecetp • Sta+d~rd ~e~s York ~latgagee Qause iithouc Cornnbution, making all laee or loexs under wch policy pay~bk to t6e Mortgagee a! its i~tere~t may ~P ~ pe~r- In tbe ea-ent ~n~ sum or ~um9 of muney beoome payable the:eunder the ~tortgagee ehall have tde option to rece~ve aad spply the same on acoount ~ o( the indebtedcrss l~e~eb}~ xcured. or to perc:ut the ~So~tgagor to recei~t and ux it. or ~ny psrt theteof. without thereby w~i~ing or impeiring anY equi' . ti. l~eq or rigfit under sod b~• ~irtue of thi mortgage. In event ot loss or pAyeital dam~ge to the mortg~ged ptoperty the Mortgagot sh~ll givs immemate ~ ~ ~ . ~ R 221 973 ' EOOK PA6E , ~ ' ~ , _ - . ~