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Home My WebLink About2408 PROVIDED. AI.WAYS, thal if the ~tortgagor shall pay unto the htortgagee the indebteclnrss evidenced by e certain promissory note _of which the following in words and figwes is a true copy tawil: , ; /ILdyi~~~ s 2,175.00 Fort Pierce, p~o,;d~ December 1, t~.73_ - . ~ FoBENJAMI~EG~IN WE. iointl a~d everall ~om~~oP,y 5 lA l~1! Of(~~f O~ ~ 3 the pnnc~pal aum'oI TWO THO 1SAND ONE HIJNDRED SF.~NTY-.~_VE~~ . togethet with interrat ~ thercon from date at the nte o[ teo pereent, per annum untit maturity, both principal and intere~t bcin~ payable in lawful money uI } th~ United ~tates ~t 2244 Biscayne Bivd., hli~mi, Florida, or at wch othet pl~ce as the holders hereof m~y design~t~ in v+~itin~. ~ : Principal and interesl pay~blt in inaWlmenle a~ tollowa: ~ SIXTY ($~~.~~1 DOLLARS per month be~innin~ on the lSth day of February, 1974, and continuing on the 15th day of each and every month thereafter ~ ~ until paid in full. Th~s note may be prep~id ~n whole or in part after one ye~r from the date he[eof upon payment of a penalty equ~vale~t so f~ve percent of ihe pnncipal sum prepaid. E~ch in•tallment payment shall be c~edited firet on the inte~~at due, and the rrmainder on principal; and intr?r~t ~hall thrrr- upon c~ase upun lhe pnntipal so credited. Th~ makers and ~ndoners of this note further agree to waive demand, notice o! non-payment and pwtest, ~nd in lhr event ~uit .lull br bruuRht (or the colleclion hereu(, or the same has to be collected upon demand ot an attorney; to pay tetsonable attorney'~ frr. (or makiry~ such collection. ' , Def~rred payments hereunder shal) bear interest at the rate o( ten percent ptr annum irom m~turity until paid. ~ l hi+ not~ ie eecured by a mort~ae o[ even date herewith and is to be conewed and en[otced according to the laws of the ~tat~ of Florida; upon de(~ult in the payment o( principd andlo~ intereet when due~ the whole sum o[ prin~ipal and intetest , rrmaining unpaid shall, at the option of the holdees, become immediatcly due and payaNe. ~ ~ r S ~~l ~7~~`~~ ts -(SEAL) S „ 7 ' - / ~ / , d ~c ~ ~ r, ; ~ ~sEnL~ I , `~c _ ~ ~ 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. f 1. The Mortgegor hereby covenants snd agrees: ~ 1a1 To pey all nnd si?~ular the Qrincipal and interest and other sums of money payable by ~~vtue of seid promisson• note and thi~ deed, or either, t promptly on the days respe:tivel~• the same severelly be~romes due. ~ ¢ 1 bl To permit, cortunit or ~ufter no waste and to msintain tt e improvements at all [imes in a state of good repair and conditio~, and to do or permit to be done to said prersuses ralhing that will slcer or change the uae and charader of said property or ~n ony way impeir or ~a•eaken the security of this ~ mortgage. And in case of the refusal, neg{ect or inabiti~y of r.he \tortgagor w repair and maintain said properiy, the ~Sortg~tee mep. at his op[ion, make ~ euch repain or cause the same to be made. and ad~~ance maneys in that Eet~alf. s c ~ Icl To pay~ sll ~nd singular the ta:es. assessments, le~~es. liabilities, and obiigatioas ote~ezy nature on snid described propert}• each and eeery when due - ~'a~ and pa}-able according to lax, before they beirome delinquent, and to deli~er to the :1lortgagee on or befae ~tarch 15th ot each year tez receipts $ e~idenei the vment of al! laxfulh i ta=es tor the "n calendar esr: to id the ?~tort u his demand for all ta:es, asseso- ~ nB W. mPo~ P~~~ 8 Y emzufY 6e8~ P~ ~ ments and cl~arges that may be asseaaed upoa thie mortgage cm the i~ebtedness secured hereby. and paid by the morgagee. without regard to sny law hereto[ore enacted or hereaker to be enacted imposing payment ot the wr6ofe or any p~rt t6aeof ~on the ~fottgagce_ ~ ` Idl To y ell and si the costs, charges and ez includin Ie tees and sbstrett rnsta reawnab incurred or at an tiuie b the ~ Pa Pe+~e.+. B~'Y~+~ tY P~ Y Y ~ ~torcgagce becauge o( the tailure on the psrt oi the lltortgagor to perform, oomply with and abide b~ each and every the stipulatione, agreements. ~ conditions and coa~emnts of ssid pmmissorv note and this deed. or either, and every such payment shall bear interest from date at the rate of ten I 10?EI per centum per annum. ~ Ie1 It i~ further co~rmnted and ngreed by seid parties that in the e~•ent of a suit being ~nstiwted to foreclaee t1~u mortgage, the ~tortgagee shall be ~ entitled to apply at am~ time pending such foreclusure suit to the court M~~ng}urisdiction thereof for theappointment of s receiver of nll and singular the ~ mortgaged pmperty. end of ell rents, incomes, profits, issues and re~~enues thereot, from whateoever ~ource deri~~ed: and thereupon it ie hereby e=presaly ~ co~•enented and agreed that the Court shall forthwith appoint such receiver with the usual pow a3 and dutie.s of rec0~rers ia lilce cases: and said appoint• ~ ment ahall be mede by the court es a matter o( atrict right to the Nortgagee. and without refaenoe to the sdeqiuty or inadeqwty of the value of the ptv ~ € 3 perty hereby mortgaged. or to the so!~•ency or inaoh-et~cy of the liortgagon or sny other pnrty defendant to sucb suit- The \tortgagor hereby specif- icaUy~ waive~ t6e right to objett to tbe appointmrnt of a receiver a~ sforesaid and hereby ezpressly aonsmts ttut such eppointment ~hall be made ae an ~ admitted equity snd as e meuer of abeolute right to the Ato~tgegee and tMt the same rwy be done without notice to the ~fortgngor. ~ "2 ~Ei If forrcbsvre proceedings should be inst~tuted aRain+t the property covered by this mongage upon'any other lien or claim vchether alkged to be ~ supenor or junior to the lien of this mortgage. thr \lurtgaRee may at his option immediately upon insiituiiun of such suit or during the pendenty thereof - declare this mortqage and the indebtcK:ness s~~cured Aereby due and payaWe (orthwith end may et its option proceed to foreclose this mortgage. ti; ~ R 1 That the ~turtqaqor w ill keep a:i rea1 and personeJ propertv now~ or hereafter encvmbered by the Gen of this mortgage ituureti as mey 6e required trom time to time by the \tortgagee e~inst loss by firn, w~indstorm and other hazards, caeuslties and rnntingencies for such pefiods and tor not less than such amounts aa ma} be required by the \lortgagee and to pay promptly when due all premiums for such insurence. The amounts of iruurence required Ay the ~lorgagee shall be the minimum amounts (or which said ins~rance shall be wzitten and it sh911 be incumbrnt upon the ~lortgagor to maintaia stuh edditional in9urarre as may be tx+ce~sary to eneet and comply;luUy with all co-ir~surance requiranents contained in said policies to the end that the said \tortgagor is not a co-insurnr thereuncier Insurence shaU be w~ritten by a company or mmpanies sppro~•ed or draigneted by the ~tortgagee and all poli- ~ cies and renewals thereof shal! be held by the ~tortgagee. All detailed designation~ by the bfortgagor which are accepted by the ~tortgaRee and all sBer ' ments hetween ~torlRagor and \lortgagee relating to instuance. now~ e:isting or hereafter made, shall be in wTiting and shell be s pert of this mortgage agreement as (u11}• as though set torth verbat:m hemin and shall go~•ern both parties hereto and thar successon and aeeign~. ~10 lien upon any of esid policies of cnsurance or u~ any refund or return premium which may be payable on the car?celletion ot tuaunation thereot, shall be given to otl~a tlun ~ che ~tortgager. euept h~• proper er.dorsement a(fixed to such po~ty and approved by 1lortgagee. Each policy of insurance shall have af6zed thereto ~ Standerd tiew Yorl• ~t~ngak~ Clause without Contribut~on, making all loss or tos9es under such policy payable to the ~tortgagee aa its intereac may ~P pear. In the ecent eny sum or eums o( money become payable thereunder the ~lortgagee ahall F~ave the option to receive a~ apply the ume oa acmunt of the ~ndentedness hembti~ ~cured. or to permit the ~tortgagor to recei~e ~nd ux it. or eny part thereof, without thereby w~iving or imp~iring any equi- ti, lien, or ri t under and bs ~inur of th~s mort a {n event of loas or eiul d e to the ed o rt the I?tort r shall vt immediate K~ B 8e MY ~~B m~8~8 P~ Pe Y B~So 6~ ~;i nJ ~5 1::+ . r': .-~~X sooK ~~1 P,~cE2408 ~ - _ - -