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Home My WebLink About1945 • • PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indehtedaess evidenced by a certain promisaory note of which the following in worda and figures ie e tnte copy tawit: { ~y_ ~ " ~ ~w~~ ~ ~ s 2.175.00 Fort Pierce, F~a;d, ' December 1, 73_ y~ FOR VALUE E V~p WE ointl and ev rall ~m;.~ ~,y to the order o( BENJAM~~ ~IN ~ tbe pnncipat ~um'of TW~ T OIH~ND ONF H iND F.D SE~jaj'fY-FIVE and . A , toaethcr with intcresl ' thercon Irom date at the tatc of tee tcent, r annuin unti) m~turi both nnci al and interest bei rble in lawful mone uf S P~ P< <Y • P~ P ~R P~Y Y the United Stste~ •t 2244 Bi~cayne Bird.. Mi~mi, Florida, ot ~t wch othsr pl~cc u the holdets hereof n?ay desi6nate in writin~. ~ Pnncipsl and intcre~t payable in imWimen4 as tollowr ~ SIXTY ($60.00) DOLLARS per month beginning on the 15th day of February, ~ 1974, and continuing on the 15th day of each and every month thereafter ~ until paid in full. ~ ~ This note may be prep~id ~n whole or in part after one yoat from the dste h~reof upon payment of a penalty equrvalent to feve pacent ot the pr~ncip~l sum prep~id. Each in•tallment payment ahall be c~edited Cnt on the interest due, and the remainder on prineipal; and int~?r~t ~hall thrtr- upon cease upun the pnncipa~ so crcdited. The makrrs snd ~ndonees of ihia note tutthtr aaree to waive demand, notice of non•payment and pwtest, and in thr event uuit ,I~all be bmught [ot thc cdlcction hereof, ot the same has to be eollected upon demand of an attomey. to pay reaconablc attorney's frr. (or making eucl~ cdlcction. • . Oefened parments hereunder shall bear interrsrat the nte of ten percent per annum frorit maturity unti~ paid. 1'hi. notr is eecu?ed by a nsort~e ot even date hctewith and ia to be con~trued and enforced accordin~ to the I~ws of the ~tste of Fl~xida; upon de(ault in the paymeet of prineipd andlo~ intereat when due, the whole eum of principal and interest rrmaining unpaid sh~tl, ~t tht option of the holden, becomt immediattly due and pay~ble. ~ C~%' S d"~ l ~ "rs (SEAL) ' ~1~.?G ' l " ~ (SEAL) . t ~ 3 _ ~ ~ and shall perform..comply with and abide by each and every the stipulations, agreements, conditions ar.d covensnts ` of said promissory 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: lal To pay all and singu4r the prinapal and interaet and other sum~ ot mone} paYabk by virtue of said proaussory mte and tAie deed. or dther. prompdy on the days reapectivdy the same ~~enlly beoomea due. 1 bl To permit, coinmit or auffer no ~raste and to maintain the improveafents at all times in e ssate of good repeir aad condition, and to do or permit to be done to said preatises aothing that ~rill ~her or chang~e the use and charader ot said property or in anv way impair or w~eaken the security of this cnortg~ge_ And in cax of the refusal, neglect or iuability o( the Mortgagor W repair sad maintain s~id property, the Mortgagee msy, at his option, aulce ~uch repain or cawe the eame to be made, and sdvaaoe moneys in that behdf. . Iel To pay aU and 9ngular the ta:es. assa~ments, kvip. liabiGties. and obligations of every mture on said dexribed ptop~tY e~ch and every ahen due and p~ysble according to law, before cMy become delinqu~t, and to deliv~ to the Mortgagce on or before March 15th of wch year tu recapts evidencing the peyment of all LwfW}y irnpoeed tazea for the preceding calendar yesr: to idemnify the Mortgagee upon hia demand for all taies. aseee+- ments and cLuges that may be asxs.~ed upon ek~is mortg~ge on tM indebtedness .ecured 1?a2by. and paid by tlr m~rgsgee. ~vithout regard W any lew herewfore eoacted or Aereaher to be enacted imposag p~yment of the vehole or any part thereof upon the Mortgagee. ¦ , ~dl To psy all and singular the coats, charges and e=peates. inciuding lawyers (ees and abstract oosta reasooably incurred or psid nt any time by the Nortgagee beca~e o( the fqilure on the pan of t!?e Mortgagor W perfarm, oomply with and abide by esch and eti~ery tLe atipulatiom, agem~eats, conditiona ~nd covenants ot aaid promissory ~ote and this deed, or either, and every auc~ payment shall bear interest hom date at We rate of ten I 10"~c 1 - pv centum per annum. - 1e1 It is further covenanted aced agreed by asid parties that in the event of a suit being instituted to forecfose this mortgage, the Mortgagee shall be ent itled to epply at ~ny time pending such toreclosure suit w the aourt heving jurisdictan thereo[ for the apQointment of a reeeiver of all aad sir.gultr t6e ~~~8~ P~Y, and ota11 reata. inmmes. ~ts. i~sues snd revenues t6ereof. from whatsoever source derived: and thereupon it is lwrby e=prea~lY covenanted and agreed that the Court shall forthwith appoint such reoeiva w~ith the usual poxas and dutip of reaYivera in like caee~s; and stid appoint- m~t ahaU be made by the oourt as ~ mauer o( suict rig6t to the Mortgagee, and .rithout retereoce to the adequ~ey or i~dequacy of the wlue of the pro Pe+tY hereby matgaged. or w the aolvency or inaolvenc3 oJ the Mortgegors or any other party detendant te auch euit.lUe Mortgago~ hereby specit- ~ icaU_r• ~rai~~es the right w object W the sppointma~t of a ~eodver as a(ocesrid and Mreby ezpressly oonspnta t6at auch appointa~mt sFull be m~de aa an ~ admitted equity and as s matter of a6solute right w the Mortg~gee and that the same toay be done wicisout qotice W che Mortgagor. i ~f1 If forecbsun proceedings should be instituted again~t the property corered by thiu mortgage upon any othet liea or cLim whether alleged W be superior or junior w tt~e lien ot thie mort~ge, the ~tortgagee mey at hia option immedietety upon institution of such suit or d~uing the pendency tbereof declare this mortgage and the indebtedness 9ecwed hereby due and payable torthwith and may at its option proceed W forecbx this mortgagef. 1 g I That the \iortgagor rcill fceep all resi and personsl property now or her~her encumbered by the lien of this morcg~ge iawred u msy be required from [ime co time by tbe bfortgagee against bas by fire. windstorm and otMr hazard~. casualties and contingenciee (or such perioda ~nd for not les~ th~n wch amounes as may be required by che Mortgagee and to pay promptly w hea due all premiurt~ for such insunnce. 77?e amounts of inruanoe roquiied ~ by the :~iorga~ee sFult be the minimum smounts for whi~h eaid iro~vance nhall be +vritten and it shell be incumbent qpon t6e Mortgagor W m~intain sueh ? ~dditional insurance w may be necessary to meet and comply tully with all coin~uracre requiranents oontained in ~id policie~ to the end th~t the aaid Mortgagor i~ not a co-insura thereunder. Inaursnce aFull be wriua~ by a mmpeny or oompsnies approved or designated by the Mort cies and renewals thereo[ shall be held by the Mortgsgee. All deteiled da' tioaa b tbe Mo r whic6 ~re . ~ Y ~ ataepted by the Mortgagee ud aU ~gret s mpnts betwee~ 1lfortgagor at~d Morcgagee relating W irauraoce. now p:isting or hereaher nude. ~F,all be in.rricing and ~6aU be a p.n of chis morcgage agreement es fully a~ though set torth verbatim herein and ahall govern both p~rties hereto and thair auooe~xro end aa~igns No tiea upon aoy of stid poticies of insurance or vpon any refurd or return premium which m~y be p~yabk on tbe tancellation or !arminatioq theceof, shdl be ~vea to other tAu~ - ' the Mortgagee, ezcept by proper eodorsement affi:ed to auch poliey and approved by Mortgagee. Each palicy of ittsur~noe slull h~ve af5zed thseto a Standard :~ew Yak ~tortgagee Q~ux writhout Contributioe. making all Ioba or loeaes under such pdicy p~Yable to tbs Mortgagee as ita isKeteat may ap- F € pear. In the eveat :ny wm or ~ums of money beoome paysble thereunder tbe Mortgagce shall have tbe optioa to reoeive ~nd ~pply the ume oo ~coount of the indebtedness hereby xcured, or co permit the Mortgsgw to receive and use it, or any p~n thereof, witLout thereby w~iving or impairing any equi- ~ ti, I~en, or right under and by virtue of this mortgege. In event of loss or physica! damage to tbe mortg~ged proparty tbe A(ortpgpt ~hal! giva imm~~ts ; F ! aoo~ ; ~ ° p 2~2 P~E~.945 ~ - ~ : ~ _ _ ~ ~x_~ : . - x ~ . r~~f~