The URL can be used to link to this page

Home My WebLink About1170 PROVIDED. AL~~'AYS, that if the Mortgagor shall pay unto the btortgagee the indebtecine~ e~•idenced by a certain promissory note of which the fotlowing in words end figures is a true copy to-wit: ~ ; ~ , i ?~4~a9e ~lste . s 4~~100__ Fort Pierce, _F~a;d, November 24, _ ~~73 ~ ~ , F~,K v~i.~~E KecFiv .R_ WE iointl~y and severall, , p~omise tu pay ~ ~o th~ ord~~ o( MURRAY BYt~SLOTiT-AND-I~~IKrAl~t-BRESLOW; ~HI th~ pnnc~pal sum o( F0._UR THOUSAND SIX HUNDRED SEVENTY-FIVE ANDp , o6ether with intea~:t ~ th~~~on t~om date at th~ nte of ten p~rr~nt, per ~naum untii matunty, both principd ~nd interost beinR payable in law(ul money uf ~ ~h~ lin~t~d ~tate~ ~t '~2~t Biscayne Blvd., ~1i~mi, florid~, or at wch olher place u the holdeta heceof may designat~ in w~itin6. ~ Pnncipal ~nd ~nt~n+! payabit in inaWlments u(ollow~: . 1 ONE HUNDRED ($100.00) DOLLARS per month beginning on the 15th day of January, ~9?4, and cent?n~~~nQ ~n the lSth dav of each and every ; month thereafter until paid in full. ~ ~ ~ { ~ . T~~s nnie may be prcps~d ~n whole oc ~n part a(tec one yeac (rom the date hereof upon payment of a penalty eqwvalent ~ f~~e ~ercent of the pnnc~pal sum prepe~d. ~ ~ F.ch ~r~-tallm~nt paymenl •hal) be ~•~edit~d t~n~t on the inteast due, and the r~maindet on principal; and intrn~t ~hsil thrrr- . ~ i u~on ~ra.~ uE~un ih~ pnnc~pal ~o er~dit~d. ` ' ~ f h~ m+k~n and ~~dotr.ers o( this not~ further agrce In aa~ve d~mand, notic~ of ~un-payment and protest, and in thr ~~ent wil ; .h.ll b~ k~ru~,kht ~or th~ co1l~cUon hcreuf, or the Fame hu to bt coll~cted upon dem~nd of an attorney, to pay ce~conable attorney'~ Irr, fnr rnal~n~ +u~ h cuU~ct~un 1. ~ I~~(rrr~d paymentr. h~reuod~~ ehdl brsr i~t~reat ~t thr nte of trn perc~nl per annum [mm maturity until paid• ~ l h~i n~~t• nc~ur~d by a mortgage of even daie herewith and ia to be ron~trved and entorced according to the lews of tlis ~t,i~ ~i( h~l:~nda; uQan def~ult in th~ payment ot principal and~~~ intsrest whe~ _due, the whole eu of pnncipal and i yete~ i rrns~in~nR unpa~d Fhall, al tht oPtion of lhe holders, become immedi~y du ~ paj?able. / 1 ' ~ - _ ~i (SEAL) - ° - ' ~ , , , - ~ ~ ~ - `ti - ~ ~`/l'~"~% (SEAL) ~ - ~ _ ~ - 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 null and void. = ~ > ~ 2. The Mortgagor hereby covenants and agrees: E Ial To par aU and singular the principal and interesl and other sums of mone~~ payable bc ~-irtue of said promissory note a~ this deed. or eitAe~. ~ prompdy on the daye respectivelc the same se~~erally bemmes due. i i 1 b1 To permit, convnit or suffer no r.~aste end to maintam ~he imFrovements at all times in e state of good repair end condition, end to do o~ permit to E done to said premixs nothing that wilt alter or chacype the use and character of said property or uw any way i~npn~r c•r Neaken the se~:urity of this ? mortgage. And in case ot the refusal. neglect or inabi6ty o( the ~lortgagor to repair and maintun said property, thr ~tortgagee may~. at his option, make such repairs or eauee the same to be made. acd ad~•ence moneys in shat behslf. ~ Icl To pay dl and singular the ta:es. assessments, levies, liabilities. and obligations ot ea~ery• nature on said dexnbed property each and every when due ~ and peyable aecording w law, before the}- become delinquent. ard to deli~er W the ~lortgagee on or before ~tarrh 15th of each year ta= receipts e~~dencing the pe}~ment of all lawfulh imposed ta=e~ for the preceding calendar year: to idemnify the Afortgagee upon his demand for all ta:e+, asscs~- ~ merts and charges that may be assesxd upon this mortgage oo the indebtedness ~ecured hereby, and pnid by the morgagee, withoat regard to any law ~ heretofore enacted or haeaher io be enacted imposing payment of the ~rhoie or any part thereof ?~on the ~iortgagee- 1d1 To psy dl and singulsr the costs, charges and e:pea9es. including law}~ero' tees and abstract costs reasonably incurred or paid at any time by the ~ Nortgsgee betsu~e of the failure on tt?e part of the Atortgagor to perform, rnmply writh and sbide by each and e~~ery the stipulations. agree~nents. conditione and co~•enants of said promisson note end this deed. or either, and e~rry such payment shall bear interest from date st the nte of ten I 10°iE 1 ~ per centum per snnum. ~ Ie~ It is further co~-enanted and agreed b~• ssid perties that in the event of a~uit being inscituted w foreclose this mortgage, the tifortgagee shall be entitkd w apply at am• time pending such foreclosure suit to the oourt having iurisdiction thereof for the eppointmene of a recei~~ of all and singular the mortgaged pruperty, and of all rente, incomes. profits, issues and re~•enues thereof. from whatsoever source derived: snd thereupon it is h~eby e:pressly covenanted and agreed that the Court sha0 (orthscith appoint such rec~i~~er with the asual povicers and duties of recei~rtrs in lilce ca9es: and said appoint- ment ehsll be made by the court ss a metter of atrid right W tM Mortgagee. and witlwut retere~rx to the adequacy or inadequacy of the value oi the pro- ~ perty 1?ereby mortgaged. or to the solver.cy or in~olvency ot the ~fortgagon or ~ny other party defendant to ~uch suit. The ~lortgagor heieby specif• ~ icaJy w-sives the right to object to the appointment o( a receiver a~ aforeseid and hereby ezpressly oonsenta that such appointm~t shall be made as an adrtutted equity end es a matcer ot ebsolute right to the Hortg~gee and that the xme may be done without notice to the ~Tortgagor. _ ~ ~(t I( (omcbwre proceedings shouid be insututed aga~nst the propert~ co~~ered by this mortgage upon any oth~ I"~en or claim whether alleged to be = superior or junior to the lien of this mortgage. the ~tortgagee may st his option imnudiately upon institution of such suit or during the pendenty thereof declare t his martgage and the indebtedness seo~red hernby due and payaWe forthw~ith ~nd msy at its option proceed to foreclox this mortgaga ma - Iql Thas the ~tonKaRor will krep all real and personal property now or hereaher en~vmbemd by the lien of this mortgage insured as mey be reqaved from time to time by the ~tortgaqee against bss by fire, w-indstorm and other hasuds. casualciea and contingeneies tor such periods sod for not less than such amounts as msy be requ~red by the Nortgagee and to pay promptly ~rhm due all prsmiums for such in9unnce. The amounts ot insurance required by the Norgagee shail be the min~mum amounts (or rrhich said insurance sheU be w~ritten and it shsll be incumbent upon tl~e ~toRgagor_to msintain stxh ~ additional i~surance a~ may be neoessarv to ~neet and comply fiilly Aith aD oo-i~uurance requiranents oontained in snid policies to the end th~t the said !1lortgagor is not a cainsuror chereunder. Insurance shall be written br a company or oompanie~ approved or desiAnated by the ti(ortgagee ~nd all pdi- - cies and rene~+als the?eof shatl be held by the titortgagee. All deeailed designations by the btortgagor which are accepted by the Nortgagee end all agree ~~s ments t~tw~een ~tortgagor and ~tortgagce relating to in~urance, no+v e:isting or hereaher m~de. ehall be in wrriting and shai) be a psrt o( this mortga8e ~ agreErrent as tuily as thoug6 set forth ~•erbatim herein snd shall govem both parties hereto and their sucoessors and as~igns. No liea upcm ~ny ot said policies of insurance or upon any refund or retu~ p~emium which cmy be payable on the cancelletion or termination thereof, shall be given to other than ~he !~tortgagee. e:cept bc pmper endorsemeat atfi:ed to such polity and appro~•ed by Nortgegee. Each policy of it~sur~nce shall lrve affued thereto a ~si Standud ;~ew York 1lortgegee Aause without Contribution, malcing aU lose or lofaes under such poGcy peyabk to the Siortgagee ae its iatereet may ap~ penr. ]n the event any sum or ~wna ot money beoome payable thereuoder the Mortgsgee shall Mve t6e option to reoeive ~ad epply the aame on account ~ of the indebtednns hereby !ecured. or to permit the ~lortgagor to receive and une it. or eny pert thereof, w~it!?out thereby waiving or impairuig ~ny equi• e~3 gh Ba P~? L8~8 P~ P~'~Y the :Hortgagor shall give iminedi.te ~ ti, l:sn, or ri t under and b}~ ~irtue of this mort ge. In ecent of losa or ysiCal d~mage to Lhe mor ed o ~ . s~~~Z21 P.~~~~.170 .