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Home My WebLink About1305 . ~ ~ PROVIDFD, ALWAYS, that if the ;~iortgagor shal! pay unto the Mortgagee the i~debtedness evidenced by a cettain promissory note of which the following in words and fi ~ ' ~ 1 . .s 1,SS0,00 Fort Pierce, F~~;a, November 1~, t~.J_~ ~ We ointl and severall om~x ~ FOR VALUE RECEIVED Pr P. t~ the ordrr o( . ROBERTA R. ~h~ pn~c~pd sum o(ONE THOUSAND FIVE HIJNDRED FIFTY AND T~o / 1Q0 DO1.L4RS, togeth~r with interr.l th~~eoe from dat~ at the ~~te o( ten perctnt, pe~ annum until maturity, both principal and interest bein~ p~y~bl~ in lawtul money uf th~ l!n~ted ~tat~~ at 2244 Bisrayne Blvd., ~1i~mi, Florida, ur •t such othe~ place as tl~e holders heteu! rnay design~te in writing. YnnciFui ~nd interest pay~ble in inatallmtnts u(o1loMra: FORTY-FIVE ($45.00) 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. ; r~ - ; ~i Th~s note may be ptep~~d in whole or ~n part a;tet ont year from Ihe date hereof upon payment o! a penalty equ~val~nt ~ f~~•e percent of :he pnnc~p~l sum prepa~d. F:ach in.ullm~nt paymrnt ~.hall be ~•r~dited firet on the inte~est due, and the ~~mund~r on principai; and mtrr~~t ~hall th~rr- _ upon ~es.r upun ih~ pnncipal so credited. ~ Th~ malen and mdorsers o( this note futthrr agret to waivt demand, noUc~ o[ non-payment ~nd prutest, and in thr ~vent suit .h~ll L~ brou~ht [or th~ cullrctiun hrreuf. or the same h~.~ to be coR~eted upon demand o( an attorney, to pay tcawnaLl~ attorn~y'~ ~ ' f~r. [or makinR such coll~ction. ~ [)~f~rred payments h~reund~r ehafl bear intere~t at the r~te of ten perc~nt prr annum [rom m~turity until paid. _ 1 his not~ i~ Fecurcd by a mortgage of wen date herewith and is to be conetrued and eniorced according to the law. of the ~ ~t~t~ o( }1~r~da; upon d~fault in the payment o( princ~pd tnd1o~ inttrect when due, the whole Fum of pnncipat and int~rest •1rma~ning unpaid ehs11, at the option of the holdt~a, become immcdiately due and p~yable. ~ ~ ; ' ~ • ;i f , • E ~---E-~r--t-;-~:-'1~.`~ (SEAL) t r~ . ( I / •'7f ' _.._~~C - ' " ' ~ (~F.AL) i: . . ,.n..~ , .~.._...~...,..e. _.t...~... _ ~ . and shaU perform, comply wiih and ab:de by each and every the stipulations, agreements, conditions and covenants of said promisson~ note and of this deed, then this deed and the estate thereby created shali cease and be null and void. 1. The Mortgagor hereby co~•enants and agrees: Ie1 To pay all and singular the principal and interest and other suciu ot mone}~ payeWe by v'vtue of said promissory• mte and this deed. or either. procnptly on the days respectively che same ~everalty beaomes due_ Ib) To permit, comnut or suffer no waste and to meintain the improvements st aU times in a state ot good repair and condition, and to do or permit W be done to said preRUSes nothing that ~ill slter or c6ange the use and clwacter of said ptopert~• or in any .rey impsir ur wraken the security o( ttis mortgaae. And in case of the refusal, negiect or inability of thF titortgagor to repair ~nd maint ~in said property, the ~tortgagee ma~, et his option, make such repeirs orcause the same to be :nade, and adcance moneys in that behall. Ic1 To pay all and singular the tazes, assessments. levies, liebilities, end oW~gstions of eti~ery• nature on said descnbed propert}• each and e~•ern when due and payable according W law, before they become delinquent, aad to ddiv~ to the Mortgagee on or before ~farch ISth of each year tu receipt~ e~idencing the payment of ell Ia.cfdly impo~ed tuq for the preceding calendar yesr: w id~nnity the 1liortgagee upon ~ss demand for a!1 ta:ea. ~saess mer~ts and c6arge~ that may be asxsaed upon this mortgage on tbe indebtedness ~ecured hereby. and paid by the morgagee. ~vishout regard w~ny I~w he~etofore enacted or hereafter co be enacced imP~aB Wymeat ot the whole or any puY. theeeof u~on the Mortg~gee. ~d? To pey all and singuler the cas[s, charges and e=pen9es, includiag L~ryere' feea and abstrsct oosts reasonably incurred or pnid at any time by the Nortgsgee betause of the failure on the part of the Mortgagor to perform, oomply with ~nd ebide bp eech and e~~ery the stipdstions, sgreements. rnnditiona and co~~enants of eeid promissory ~wte and thu deed, or either, and e~2ry such paymeat sha!! beer intere~i from date at the rote of ten 1 lORcl per ce~t um per snnum. ~e1 It is funher rn~~emnted and agreed b} said perties that in the event ot a suit being in~tituted to foreclwe thi~ mortgsge, the \fortgagee shall be entitled to apply at am• time pe~ing such foreclosure suit to the oourt Mving junsd:ction theleof [or the eppointment o[ a receivrs of all and singular the mortgaged propertY. and of all renu. incomes. profit+. issues and revenue~ thereo(. (rom wr6at~oever source derived: and thereupon it is herebY ~Pre~Y cocenanted and agreed that the Court shall torthwith appoint such receivv with the usual powas and duties ot rerei~rn in like u9es; and said appoint- ment ehall be made by the court ss e metter ot strict right to the Mortgagee, and w+it6out refenenoe co the sdequacy or insdequaty ot the vdue of the pro- perty hereby mortgaged, or to the sohency or ineolvency- ot the ~tortg~goro or any other party de[endant to auch suit. 7he Mortgsgor hec~eby specif ically waives the right W objeet to the appointment of a receiver a~ sforessid and hereby ezpressly oonsmta chat such eppointment ~hsll be m~de ~s an admitted equity end as a metter of absolute rigAt to the ~tortgsgee and that tAe same roliy be done wichout notice to the ~tortgagor. itt If torecbsurt procredings should be instiwted egainst the property cocered by this mortgage upon any other lien or claim whethn alleged W be superior or junior to che Iien oi thie mortgage, t he 1lortgagee mey at his option inurxdistely upon ir,xitution ot auch suit or during the pendeacy thereof deciare this mortgage and the indebtedness secured hernby due and paysble forthwith ~nd mey at its option prooeed to forecloee thi~ mortgage. , 1 ql TAat che ~lortgagor wr~l! keep all real and personal property novc or haeafter encvmbered by the lien of this mortgage inwred as msy be required from tune to time by the 1lortgagee against toss by tire, windstorm ard other haz~rds, ct9ualties and contingencies for such pefio~ds and for not les~ th~n such amuunts es may be required by lhe 1lortqagee and to pay promptly vchen due aU premiurtu for such insurance. The am.ount~ of in~ur~nce requued by the ~torgagee shall be the rrunir.ium amounts tor which said in9urance shall be written and it sha11 be incvmbent upon the ~fortgagor to maintain euch additionat in~urarce a~ may be necessary to rt~eet a~ rnmply fiilly with all co-iruurance iequirements contained in said policiq to the end th~t the said \fortgagor is not a co-insuror thereunder. Insurance sha0 be xritten by a compeny or oompanies spproved or desiqnated by the Mortgagee and all pdi~ cies and renewels thcreof shall br hetd b~~ the ~iortgagee. AU detailed designations by the Mortgagor which ~re acoepted by che Mortgagee and ail agreN mente betwcwn itortgeRor and ~lort~agre relati~g to iruurance, no~v e:iating or hereaher made, shall be in wrriting snd shall be a psrt ot tAi~ mortg~ge agreement as fullv as thouRh set forth verbatim herein and shall goa•em both paeties hereto and their sumessors and assigns. No lien upon any ot stid policies ot irtgurance or upon any refund or return premium which mey be payable on the canceQation or termimtion thereof, sMtl be git•en to other tharl the ~tortgage~e, ezcept by proper e~dr?r.ement af6sed to such po6cy end ~ppro~•ed by Mortgagee. Each policy of insur~noe shall kuve sffiued thereto ~ Standard !~es~ York ~fortqagee Aau~e without Contribution, msking aU loss or loex~ under such poGcy paysbk to the ~iortgagee u its i~veat may aP pesr. in lhe event any wm or ~ums of rnoncyr become pa} abb thaeunder the ~iortgagee ~halt Aave the optian W receive aad ~pgly the same on acc+omt o( the itdebtedne~s herebv ccrureti. or to permit the ~tortgagor to receive and ux it, ot ~oy part thereDf, wit}wut theceby w~iving or impairing ~ny equi• ti, lien, ar right under aod b~• ~in:ie of this mortgage. In e~~ent of loss or physiul d~mage W the mortg~ged propetty the Mortgagor sha11 gi~ro imir~at~ ` ~ eooK 2~1 Part 13~}5