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Home My WebLink About0671 a ' PRU~'lDEI). .~LNAYS, that ~f 1he \iu~tgagot ~hall pay~ unto ~he \brtgagte the ~ndebteJness rviJenced by a cetla~n prum~~sucy nute ~f which thz follov?~n6 ~n wutJs and f~gures ~s a true copy tc~-wi1: r ~ ~ s_ 4, 325 .00 Fort Pierce, Flo~da December ~,3~ ~~__7~ FORVALUERECEIVED WE, iointly and several.ly, prom~secupar t~ the o~d~~ odRVING KARP AN-D~H-~T~P~~ Ti~s w e th~ pri~c~pd sum of FOUF THOUSAND THREE HIJNDRED TWENTY-FIVE AN~}p , , ~ugethe~ with interr~t th~reon from date at the tate o( ten per~ent, pe~ aonum uotil matuciry, both principal aod intereet being p~yable in lawful mo~ey u( th~ tlnited ~tates at 22~ Biscarnt Blvd., Aliami, Florida, w at euch othet pl~ce ae the holders hercot may de~ignate in writinR. f'nncipal and intereet p~yable in inttallments u lollowr. 1 ONE HUNDRED ($100.00) DOLLARS per month, beginning on the lSth day of February, 1974, and continuing on the 15th day of each and every month ? thereafter until paid in full. - ~ _ ~ This note may be prepsid ~n whole or in part a~ter one year fcom ~he daee hereo( upon paym:nt of a penalty equ~valent ~ e~~ f~ve percent of She pn~c~p~l sum prepe~d. Fach ~n•tallm~nt paymrnt dhall be ~~edited [irst on the intete+t due, and the r~mainder on principal; and intrr~•t >hall thrrr- f i upon ~~~ce upun the pnntipa~ so c~edited. ~ . Th~ makers and ~ndorsen of this note further agree to waive demand, notic~ o! non•payment and protest, and in thr r.vent suit ~ i ,iull be brouRht for the colleetion hereof, or the same has to be collected upon d~mand o( an attorney, to par rea.~onaGl~ attorney'c ~ ~rr. for making ~uch coll~ction. ~ De(erred paymenta he?tunder ahall bea~ intetrst at the rate of ten percent per annum from maturity until paid. ; 7'hi+ note ia eecured by ~ mortga~e o( even date herewith and ie to be conetrued and enforeed according to the laws o! the 1 ~ :~tat~ ot F1Midi; upon default in the p~yment of princepd and~~~ intereet when due, the whole sum of prin~ipa) and intereet i «-maininR unpaid sha11, at the option ol the holdeee, becomt immcJiatcly ~u't and payable. ~ ' j . S~ - ' ~ ~ (`E:~L) ~ J ~ ~ /rf'. { , _ - ' • ~ a - ~ " ~ . - ~ ~ ~sc-~L~ , _ t x i - - . -~......~...,.-.-z ~:,,e,~~.~.......A..~-.....~--. ar~d shall perform, cumply w~th and abide by each and every the stipulations, agteements. conditions and cov~- ~ nants of said promissory note and ot th~s deed, then this deed and the estate thereby created shall cease and be - null and vaid. 1. The ~lortgagor hereby covenants and agrees: ' (a) To pay all and smaular the pr~nnpal and interest and other sums of money paYable by virwe ot said prom~ssory note and ~1?is deed, or either, promptly on the days respec~ively the came severally becomes due. j (b) To permit, comm~l ~x sutfer no vaste a~d to mamiain ~he ~mprore~ents st aU hmes ~n a state of 6ood repa~r and condition, and to f do or perm~t ~o be done to said prcmises aothina that will alter or chan~e the use and character of said property or ~n any war ~mpair or r•eaken [he secu~~ty o! this mortsaae. And in case of the refusal, ne6lect or inability of the Mortsa`w to repair and mainta~n said proper- ~ ty, ~he 1Nateagee may, at his ophoe, mate such repairs or cause the same to be made, and adrance moneys in that behal(. ~ (c) Tu pay all and smaular the taaes, assessments, levies, liabilities, and obliga?ions of every nature on said descnbed P~operty each and erery rhen due and payable accordina to law, before they becwne delinquent, and to de{iver to the Mort6agee on or betore March } ISth of eac6 year tax receipts ev~dencins the paYmene o( :11 la~cfully ~mposed taaes for the precedin6 catendar ycar; to ~ndemni(y the ` M«taagee upcx~ his demand for al? uxes, a~ses~mentc and charge~ that may be assessed upon ~hia mortsaE~ ~~~btedness P cured hercby, and ps~d by the m«i~taeee, a~thout reg~rd to any la~~ heretofae enacted ar herea(ter to be enacted imposin~ ~aymcnt o: ` thc wholr or any ~art thereuf upoo the AlortEa6ee. ~ (dl To pay all and s~ngulu the costs, char6es and eapenses, includ~n6 lawyers' fees and abstnct co~ts rpsonably mcurred ~x paid at = any t~me t+y the \1iwtEagee becau~e of the (a~lure on the part ot the !NortEa6or to petform, eomply W~th and abide bp eacA and every tEe ~ stipulatu~ns, asreemcnts, condihons and corenants ot said prornissorY note and th~s deed. or eitder, and every such'payment shall bear . mtcrest (nxn date at the nte of ten (10`ir) per centum per annum. ~ (e) It ic furthet cor•enanted and agted by said part~es that in the e~ent o( a su~t beina instituted to toreclose this mcxtga6e, the A1ort- ~ Ea6ee shall be emrtled to apply at any time pending sucA toreclosu~e suit to the court having junsdictioo thereot for the appomtment ~ n( a receiver of all and ain6ular the mwlga6ed property, and of all tents, ~ncoaies, ptotits, ~ssues and revenues thereo(, ftoa whatsoever ~ source denred: and thereupon it is hereby expressly corenanted and a6reed that the Court shaU tocthirith appo~nt such receiver wrth ~ the uswl powcrc and Juhes of rece~cers in like cases; and said appomtment shall be made by tAe court as a matter of strict risht to the ~{ortgagee, and without reference to the adequacy o+ inadequacy of the value o( the property hereby mort6aged, or to the solvency or insolvency o! the Atortsasors a any other party defendant to such suit. The Mortaa6w hereby specdrcally w~aives 1he nght to objec[ to the appomtmtnt ot a rece~ver as aforesa~d and hereby expressly consents tAat such appo~ntment shall be made as an adm~ued eqw~y and as a matter of absolute ri6ht to the Nort6aEet and ihat the same may be done aithout notice to the ~lortqsor. (f ) If forcclosurc pruceediaEs shoutd be ~nstituted a6ainst the property covered by th~s mort6ase upon any other lien or cla~m whether i alle6ed ta be superior a junior to the lien o( this matp6e, tht Mort6a6ee may at his opt~on ~mmed~ately upon lrtstitW~on o( tiuch suu or dunn6 thr pendency thereo( declart th~s mMtgaEe and Ihe mdebtedness sec~red hereby due anQ parable torihwith and may at ~ts ~ option procetd ta (cxeclose th~s mort6a6e. (6) That the \lwtaador will keep aU real and personal property no~ a hereafter encumbered by the I~en of this mortgage ~nsutcd as may - bc requtted (rom ume to hme by the Mortsa6ee aaamst loss by fire, w~ndstorm and other hazards, casuaihes and cont~nEencies tor such _ per~ods and fot not less than such amounts as tRay be requ~ted by the Mort`a=ee am1 to pay promptly when due all prem~ums (or such msurance. The amounts o( msurance requ~red by the SlortgaEee sdall be the mimmum amounts for xh~ch sa~d ~nsurance shall be rrntten 'ti.= and ~t shall be mcumbent upon the ~lortaagix to ma~ntain such addihonal insurance as may be nece~san• to meet and comply fully w~th _ all co-msurance requ~temenls conta~ned m~a~d polutes to the end that the said 11cxt6a6or ~h not a co-msuror thereunder.Insunnce sha11 hc rneten by a company or companies approved or des~gnated by the Mortg:6ee and all pol~c~es and renewals thereof shaU be held - ~y thc ~to~tgagee. All deta~led des~6nauons by the ~1ort6agor ~ah~ch are accepted by the ~lortgagee and a!i aareements between tilo~tdagor and Mort6asee relahng to mswance, now ea~stin6 or herca(tcr made, shall bt in writin6 and shall bt a part ot th~s mort6age agreemcnt _ as (ully as ~hough set forth verhatim here~n and shall sovern both parties hereto and the~r successors and ass~~ns. No lien upon any of - said pol~c~es o( msurance or upon any rcfund or retum premium shich may be payable on the cancellauon w termmauun thereof, sfiall be ~i~en to other than the Mortga6ee, except by proper endo~sement a(fi:ed to such ,~o1~cy arld approred by MottE~6«• F~~h Do~~~S ~nsurance shall hsve at(iacd thercto a Standard New York \4or~~a~ee Clause v~thout Convibu[~on, makin6 all loss or losses ander ~uch - policy p~yable to the ~lortpsee as ~ts intercst may appear. In the event any sum ot ~ueos of money become paysble thereunder the 11ort- ~3 6agc~ sh.11 have tRe opuon io recelve and apply the same on account of the indebtedness hereby secured, or to permit the ~lortga~or '~.y to receivc and use ~t, or any part thertuf, w•ithout thereby +a~~m6 or ~mpa~rina any equ~ty, Len, or nsht under and hy virwc of thi. mort6~Re. In event ot loss or phys~cai dama6e to the mortEaEed property the ~1ort6a6a shall s~re ~mmedute nohct thercof by ^.a:! t:~ the SlortEaEee arni the ~1ortRa6et m~y make proof of lo~s i( thc same not made promptly by the \turt6~6or. In e~rnt ~.f icua~l~~urc ~f r~: . +=3 ~ ~ Boo~222 6~1. _ : _ ~ _ - _ . - = - _ _ _ . ~ _ _ _ ~ . . -r.- -