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PROVIDED. ALWAYS, that if the Mo~tgagor ahall pay unto the Mortgagee the indebtedness evidenced by a
certuin promissory ~ote of which the followini[ in worde and fi~turea is a true copv tawit:
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s 3~150 • 00 Fort Pierce, F~a;~ December 8, .73
P!~R VA1.t~E Rf.CEI~~Fn _ WE oint 1 and severall promice ~u pay
to the ord~~ i~(ROY LI YCHINSK~CNb
EVA~ ~ I I E
the pnoc~pa) sum o[ SHRFF TF~nl1SAND ONE HIIl~DRF.D FTETY and no110001.L.ARS, tog~the~ with inte~cat
thereon f~om datc at the rate ot ten petcent, pet annum until matunty, both principai and inttrest beinR payable in law[ul moncy uf !
th~ Un~ted ~tatcs at ~2~14 Biscayne Blvd., :~liami. Floridi, o~ at such othcr place aa the holders hereo! mar designate in wniing.
Principal and interc~t payable in insullments n follows:
SIXTY-FIVE ($65.00) DOLLARS per month beginning on the ISth day of
February, 1974, and continuing on the lSth day of each and every
month thereafter until paid in full.
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Th~s nute ma~ bt ptepaid ~n vrAole or in pact aftet one year from tfie dato heceof uPon payment of a penalty equ~valent ~
to f~ve Dercen~ of .he pnncipal sum ptepaid. !
F,ch in-t~llm~nt paymeni slial! be credited Grat on the inteteet due, and the remainder on principal; and intrr~~t >hall thr~r- }
upon r~a,r up~~n !h~ pnncipat ~ cred~ted. .
Th~ mzken and ~r.dorFers of this not~ (urther agree to waive demand, notice of nuo-payment and protest, and ~n thr ~vent suit i
>hall b~ bro~~kht for th~ coflection hereu(, or the a:me hu to br colkcted upon demsnd of an attomey, to pay rea.wna6te attorney'~
frr. far mak~ng such co!I~cUon
D~f~rr~d pay m~nts her~und~r ehal) b~ar ~ntere+t at the rate of ten perceet per annum (~om maturity untit paid.
~ ~ Thw not~ ia ~ccurrd by~ a mort~ge oE even daie he~ewith and is to be construed and enlorced according to ~the laws of the
~ ~tat~ of flnrFda; upan ~rfculi in the payment of ~rincipa) and~'ot intereAt when due, the wholt sum oI principal and inteteat
rrma~n~ng unp:id sfia{l, at the option of the holders, become immediately due and able.
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} ~ -L.;~'14~_~,,~: Y ~~-t-~-=:,u-t.t/ (SEAL)
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nna ana per orm, comply with and abide by each and every the stip ations, agreements, conditions and covenants
of said promissory note and of this deed, then this deed and the estate thereby created shall cease end be null and void.
1. The Mortgagor hereby covenants and agrees:
fai To pay all and singular che princip~t and intereac and other sums o! money payable by virtue of said proaussory cwte and this deed, or either,
prou~pdp on the daya reapectively the eame xversUy beoomes due.
16t To peratit, commit or ~ufter no w~aste aad to mainuin tbe impro.•emente ac all times in ~ stace oi good repair and condition. and w do or permi~ t,o be
done w said premixs noching that will alter or change the use and ch~raaer ot aaid PropertY o~ in an ~ve im
mortgage. Aad in cax of the refusal. n Y Y P+Ur oc ~realcen che security of thi~
eglect or inabifity of the Mortgagor w rep~ir and maintain ssid property, che ~forcgagee may. at 2as opeion, malce
such rrpairo or uwe the same to be mad~ and advance moneys in that beh~lf. -
Icl To pay all uid singular the ta:es. asxssa?ents, leviea. Iiabilities, and o6ligaiions of e~rry nature o~ said dexribed property each and everv xhen due
and pryable ~ecording w la~c. before they become delinquent, and to deli~~ W the_ Nlortgagee on or before Jlarch 15Lh ot each ~ear ta: reaeipts
, e~~deneing the payment ot all Lwiully impo~ed ta:e~ for t6e preceding uleodar yeer: to idannify t6e Mortgagee upon his demand tor aIl ta:ea. as~ess
~ ments and cFurgea that may be aasea.xd upon tAis mortgaga on the i~debcedneas secured hereby. at.~ paid by the morgagee, without regard to any law
hentotore en~cted or haeaRer to be enacted imposiug paYment of Ne whob or any p~rt tt~eeaE upoa the Mortgagee.
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: Id1 To p~y dI atid singuiu the coata. cAuges aad erpewes. inctuding la~' fees acd ~bstract ooots re~soaably iavrred or paid ~t ~ny time by the
~ ltortgagoe becaux of the failure on tM pert of t6e Nortg~gor to perform, o~mply witA and ~bide by esch snd e~~y t6e stipulation~, agreemeau, ,
i con~dons and oovenanta ot eaid promi~eory rate usd Ehis deed. or either, snd every aucb peyment si~all be~r interest from date at the r~te of tm (!0°6c 1
! per cEntum per annwn.
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~el It ie turther co~Rasnted and agreed by ssid parties chat in the event of a suit being instituted to forectoee thi~ mortgage, the Mortgagee shall be
entitled to ~pply at-any Lime pending sueh tomcloaure suit w the oourt F~aving juriediction thereof for the appbintmeQt oi e receiva of all and singu4r t6e
~ mortgaged propertY. and o( all rents, inrnme~. Pr~ta. i~ues and rcven~ thereof. fmm whateoever aouroe detived: snd thereupon it is hertbY ~P~Y
~ covenaated and agreed that the Coort shall torth~rit6 appoint sucd reoeiver with the usual powas and daties of reorivera in like usee: and aaid appoiut-
3 ment shatl be aude by the cwrt sa a m~uv of striet right W the Matgagee, and ~rithout refe~enee w tbe ~dequacy or inadequacy of the a~lue of t6e pro-
Pe~Y ~Y mortgaged, or w the aolve~cy or insulvmcy ot tde Mortgagoro or any other p~rty defendant w such suit. The Nortgagor hereby specif•
ially ~iva the rig6t W object W t6e ~ppointm~t of ~ reoeiver as afurea~id and Aereby espreealy oonsenta ch~t suc6 appoinimmt ~haU be mide ae an
i admitted equity and ss a metter of ab~olute right to the Mortg~gee and thst the s~me m~y bs done wit.Aout notice to the Mortgagor.
~ t~ I( fweclwure proceedings ~houtd be inst~wted sgainst the property covered by this mortgage upon any othei lien or eLim wheiher alkged w be
i superior or junior to the lien of thi~ mortgage, the Nortgsgee may at hia ogtan inunediacely upon inaGitution of such suit or dusing t6e per?dency thveot
declare tfuw mortgage and the indebtednes~ aecured l~ereby due and payable forthwrith ~nd may ~t ita optia? proceed to [oreck,se this mort8+8~-
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1 g I TMt tf+e tifortgagor ~rill Iceep all ceal and peraonul propertY caw or 6aeafter enambered by the lien of this mortgage insured a~ msy be required from
time w time by the Mortgagee againet b~s by fire. Aindstorm and othtr hizatd+. casualties and contingencie~ for such periods end tor noc less th~n
€ ruch amounta ss may be i~equired by the Mortgagee and to pay promptly when due sll prwiuums for ~uch icwnnce. The amounts ot insurance requirecl
by the Morga~ee shall be the minimum emounts (or w6ich ~aid irourance s6all be written aad it shall he incumbenc upon the ~fortgagor to m~intain such
~ additional in~ursnce a+ may be neceswy to rttieet and mmply fully with dl oo-insurance requiranmta aontained in said polinq to ti~e end th~t the ssid
; Nartgagor ia ~wt a co-insuror thereunder. Insurance shaU be written by a company a~ oompanie~ epprov~ed or
design~ted by the Mostgagee u~d all pdi.
cies and renewal~ tt~aeof aMll be held by tha Mortgagee. AU detailed deeignstions by the Mottgagor which ue acoepted by the Mortgagee ud all agre~
ments betws~n hfortgagor aad btortgagee relating W insurance. now ezi~.ing or hereafter m~de. shall be in ~rriting and ~tul1 be a psrt of this mortga6'e
's agreemenc as IWIy u thoog6 xt torth verbatim here+n ~nd ahall govern both p~rtiea hereW and their succw~oro and as " s. ;Yo 6~ u
u~ poo any of asid
' policies ot iasutence or upon any refund or ret~un prernium which mey be p~yabk on the cancellation or termination theteof. shall be given to other tFun
the ~lortgagee, e:cept by pmper endorsement affi=ed to such potity and appro~•ed by Mortgagee. Eath poticy ot insurarroe ahall luve af5ud tlxrew ~
t Ster~dard New York `tortgagee Clause without Contrihution, making all loes or losses under sueh policy p~Y~ble co cbe Mortgagee as ita int~esc m~y ~p.
; pp~r. In che e.-ent ~ny sum or eum~ o( money beoome payabk tAer+eunder the Mortgqgee shdl have tAe option to reodve aad ~pply the same on atoount
= of the indebtedr~esa hereb~~ aecured. or to permit che Nortgagor w receive aod use it. a a4y p~rt thereof. without thereby wai»na or ia?pairin~ any equi• {
~ ti, lieq or right under aod by vittue a( this mortgage. In eve~ ot bss or phyiital duiuge W the mortg~ged property the Mortgtgor shall ~ve immsdi~te
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efl~ZZ1 P~~F2634
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