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Home My WebLink About0674 ~ . . . ~ PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by a ~ _ certain promissQry note of which the following in words and figures is a true copy tawit: ~ - ~ _ ~e ~ ~ I ~N9,~ ° s~~.QZS _ 00 F~rt Pierce . Flo~da D~cember 15 , l~ _Z~._ i I FOR VALUE RECEIVED I p~omise tu pay 4he o~d~r ot BEIN. THEATRES , INC ~ ih~ principal sum ot TWO THOUSAND NINE H[JNDRED SEVEIVTY-FIVE ANDp . 4 , together with interesl ~ th~reon [rom date ~t th~ rate of ten p erceet, p ee annum until maturiEy, both principa) and intereat being payable in law(ul money uf th~ l)nited ~tate~ at 224t Biscayne Blvd., Mi~mi. Florida, ur ~t wch othe~ place as tl~e holders heteo( may d~~ignate in writing. ~ , f'rincipal and interrst payable in in~Wlmenls u followt: • . SEVENTY ($70.00) DOLLARS per month beginning on the 15th day of ~ February, 1974, and continuing on the 15th day of each and every month thereaf~er until paid in full. I Th~s note may be prepaid ~n wAole or in part a~ter on~ year from the date heceof upon payment of a penalty equivalent ' c~~ f~v~ percent of ihe pr~ncipal sum prepa~d. ~ ~ Each in•tallm~ot payment rhall be cr~dited first on the intere~t due, and the ~emainder on prineipal; and intrrr~t ~hall thrrr- upon crau upun the pnntipat so credited. I Th~ makers and ~ndoreers of this note (urther agree to waive demand, notice o( non-payment and protest, and in thr ~vent ~uit ~ .I~all b~ brouRht for thc collection hereof, or the same haa to be collected upon demand af an attorney, to pay ~etconabl~ attorn~y~~ t~r, for making ~uch eollectioo. D~ferr~d paymenta het~under ahall bear intecest at the'rate of ten percent per annum (rom m~turity until paid. 1 1 hia not~ is eecurrd by a mortgage of even date herewith and ia to be conatrved and enforced ~ecording to the laws of the ! ~tat~ of Fln~ida; upon dr[auit in the p~yment ot principal and/o~ intereet w6en due, the whole wm o[ prin~ipat and interest i ni~a~n~ng unpaid ehatl, at the option of the holdcts, liecome immediitcly due and p~yable. , i , s~=~ ~ fi• ~ ~ ~ ( - ~ : . ~ ` ~cEAL) ~ ' , (SEAL) ~ ~ ~ ~ ~ a..e..,..,~.~-• • - - - a and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~k of said promisaory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. - The Mortgagor hereby covenants and agrees: ' , I~1 To pay all and singular the prindpal and interest and otha auia+ ot money payaWe by virtoe of said pcoausaory ~wte and thia deed, or eitl~u. ~E P~~Y oo the daya re~pectivdy the aame ae~~erally beoomes due_ i 1 bl To permit, ca~unit or suffa no wante end to maintsin tlx improvementa 6t all times in a state of good repeir and coadition, end to do or permit w be ° done to asid premixs nothing that will alter or change the use and char~cter of said property or ia any way impair or weaken the aecurity o[ this t mortgsge. Aod in c.a~e oi the re[usal. negleet or inability o! the Afortgagor w repair and m~intaia said property, the ~tortqagee m~y. at his option, make ~ euch repairs or uwe the same to be msde, and advance moaeys in that bel~alf. 5 ~ Icl To pay all and singu4r the taies. assessmenta. levies. liabilities. aad obtigation4 ot every nsture on aaid dexribed propercy esch aad every when due ~ and peyable acaxding to law, before they beoome delinquent. aod to deliva to the Mortgagce on or befae March 15th ot eac6 year tu reoeipts evidencing the pay-ment oi all Iswfully impoaed taze.+ for the preceding cakndar ye~r: to idemnity the Af atgagee upon hia de~nand for all tazee, aseess ~ menta aod clurgea that uuy be assessed upon this mortgage on t6e indebtedne.+s secured ~ereby. and psid by the morpgee. wichout regard W any Lw heietofwe enscted w haesher to be enacted impoeing payment ot the irhole or any part thaeof t4wn the Mortgagee. ~ ~ Idl To pay aU and singular the casta. ctwges and ezpense~. ineluding lawyers' tees and abstrset oosta reasonably in~vrred or paid at ady time by the ~ Mortgagee becaux of the tailure oo the part of the Mortgagor w perform, comply with and abide by esch and evay the atipulations, agreemmts. conditioas and oovenancs of e~id promis~ory note ~ad thia deed, or either, and e~ery mtc6 peymeat shall bear intereat from date at t6e nte of ten I 10'g61 ~ pa centum per amum. • le? It is fiuther rn~irrnted and agrred by said perties that in the event of a suit being in9tituted to forecbee this martgage, the Mottgagee sh~ll be ~ entitled to apply at any time pe~ding such [orecloaure suit to the oourt having jurisdici.ion thereof for the appointment of e receive: of all and aingul~r t6e ~6~8'~ ProP~Y. eid ot ell rent~. inoome~. ProCts. i~ues and revenues thereot. [rom wMtaoever soum de~ived: aad thereupon it is 6e~eby e:prrsety ~ co~ enanted and a~eed that the Court ~hall forth~rith appoint suc6 receiver with the uaual pow ers aad duties ot recri~its ia like easee: aud said appoia4 ment ahall be mede by tM tourt as ~ matta d etriet rigdt w the Martgagee. and w it6out refaeoce to the adequ~cy or is~deqwcy of t6e valne ot ths pv ~ P~Y ~bY mo~igaged, or to t6e ~otven~y or ineolveocy ot the Mortgagor~ or any other party defwdant to euch sui~ 1Le Mortgagor 6sreby specif- ically waives the right to objat w tbe appointmmt of a roaiva as afore~id and hereby espre.uly oons~ts that weh apQointment shdl be made as an ~ admitted eqwty and aa a matter ot ab~olute rig6t to the vtortgagee and that the same may be done without notice W the Mortgagor. ' ~tl It [wt~cloeuro proceedings should be instiwted against the propaty coveied by thiu mortgage uprw any otha lien ar claim whether alkged to be ~ sup~ior or junior w the liea ot tlti~ mortpge. the !liortgagee emy at 6is opt'an immediately upon in~titutan of such ~it or during the peadwcy thireol dadue this rtwrtgage and the indebtedness secured hereby due and pegabk (ath~rith and may at its optian pmoeed w torecbx this ~tgage ~ I glltut the bt ortgagor will keep all real and personal property now or haeehu enwmbered by the tiea of this matg~ge insurod as m~y be required fr~ - time to time by t6e MortBaBee a8~inx bss bY fire. windatorm and other lusard~. casualties and aontingeocies for such periods ~nd for not les~ than ~uch amounts as may be requirod b~ t6e Mortgagee aod w WY Promptly w6en due sd prartaums for aucL insunnca 1be amwnts ot insur~nce rsquired by the ~lorga~ee s1L11 be the minimum amounts (or ~e6ich said im~ance ahell be written and it shall be incumbmt upon the Mortgagot to maintain wch additional insur~nce as m~y be neces.wy co meet and oomply tullq with dl winsurance requiranents contained in aaid po6cies to the end tlnt the wid m ry Atortgagor i~ not a oo-insuror thereunder. Ineursnce sh~ll be..riuen by ~ company or companies approved or dssigwted by the Mortg~~es aad ~11 polj- ~ ciea and renewrds thereof ahall be 6e3d by t6e Mortgagee. AU detailed designatioos by the Mortgagor whith aro ~coepced by t6e Mortgagee and all a~e~ ments betaeen btortgagor and Mortgagee relating to imuradce. aow rsi~ting or hereaft~ made. sh~ll be in writing and ehall be a p~rt oE this m~octgage agreecne~u as fully as thoug6 xt forth verbatim herein and ahall govern bot6 parties hereto and their suoasaon aad assigrss_ No lieo upon anr ot said u - policies of insurance or apot~ any refund or returo premium which may be payabk on the cancellation or tumination tlrcreof. ~U be ~ven W otlrr thae = the Nortgagee. euept by Proper eadorsement af6zed to ~uch po6cy and approved by Mortgagee. e.ach poKcy ot iwur~noe shaD haw af5=ed t1~eW a Stand~rd Kewr Yorlc Mortgagee Qause wichout Contribution. melcing ~ll loas or tosses under tuch Po~Y Wribfe to tbs Mortga~se as ita i~erest may ap `;?y peer. In the eve~u any wm or sums of money beoome p~yabb theeunder the Mortgagee sha111uve the optioo W reoeive aad appiy t6e iame on ~eaount ~ of t6e i~debtednes~ hereby secured. or to pertnit the ~tortgagor to reaive and ux it, or any part thereof, w~it6out t6ereby waivias or iinp~isit~ a~ equl- ti, lien, or rig6t under aod by ~irtue of thu mortgaKe. Io eve~ of bas or phyaical damage w t6e mortg~ged propsty tLs Moctpg~or shall pve imm~at~ ~;i :~ss T _ 1 I ~.,-'y - . . G 000~c222 P~GE 6~4 . - _ ~ _ ~ _ - - v~, . ~ Y~ _ _ . _ . . , ~ ~